Document:

EX-10.50

 Exhibit 10.50 
 INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (the
“Agreement”) is made and entered into effective as of [                    ], 2012, by and between Goodman Networks Incorporated, a Texas
corporation (the “Company”), and [                    ] (“Indemnitee”). 

RECITALS: 
 A.
Competent and experienced persons are reluctant to serve or to continue to serve corporations as directors, officers or in other capacities unless they are provided with adequate protection through insurance or indemnification (or both) against
claims and actions against them arising out of their service to and activities on behalf of those corporations. 
 B. The
current uncertainties relating to the availability of adequate insurance for directors, officers and persons serving in other capacities have increased the difficulty for corporations to attract and retain competent and experienced persons.

 C. The Board of Directors of the Company has determined that the continuation of present trends in litigation will make it
more difficult to attract and retain competent and experienced persons, that this situation is detrimental to the best interests of the Company’s shareholders, and that the Company should act to assure its directors, officers and certain
persons specified by the Board of Directors of the Company that there will be increased certainty of adequate protection in the future. 
 D. It is reasonable, prudent, and necessary for the Company to obligate itself contractually to indemnify its directors, officers and certain persons specified by the Board of Directors of the Company to
the fullest extent permitted by applicable law in order to induce them to serve or continue to serve the Company. 
 E.
Indemnitee is willing to serve and continue to serve the Company on the condition that Indemnitee be indemnified to the fullest extent permitted by law. 
 F. Concurrently with the execution of this Agreement, Indemnitee is agreeing to serve or to continue to serve as a director, officer or in another specified capacity of or for the Company. 

AGREEMENTS: 

NOW, THEREFORE, in consideration of the foregoing premises, Indemnitee’s agreement to serve or continue to serve as a director,
officer or in another specified capacity of or for the Company, and the covenants contained in this Agreement, the Company and Indemnitee hereby covenant and agree as follows: 
 1. CERTAIN DEFINITIONS: For purposes of this Agreement: 
 (a) “Claim”
shall mean any threatened, pending or completed action, suit or proceeding (including, without limitation, securities law actions, suits and proceedings and also any crossclaim or counterclaim in any action, suit or proceeding), whether civil,
criminal, 

  
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arbitral, administrative or investigative in nature, or any inquiry or investigation (including discovery), whether conducted by the Company or any other Person, that Indemnitee in good faith
believes might lead to the institution of any action, suit or proceeding. The final disposition of a Claim shall be as determined by settlement or the judgment of a court or other investigative or administrative body. The Board of Directors of the
Company shall not make a determination as to the final disposition of a Claim. 
 (b) “Expenses” shall mean all costs,
expenses (including attorneys’ and expert witnesses’ fees), and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), being a witness in, or participating in (including
on appeal), or preparing to defend, be a witness in, or participate in, any Claim relating to any Indemnifiable Event. Should any payments by the Company under this Agreement be determined to be subject to any federal, state or local income or
excise tax, Expenses will also include such amounts as are necessary to place Indemnitee in the same after-tax position, after giving effect to all applicable taxes, Indemnitee would have been in had such tax not have been determined to apply to
those payments. 
 (c) “Indemnifiable Event” shall mean any actual or alleged act, omission, statement, misstatement,
event or occurrence related to the fact that Indemnitee is or was a director, officer, agent, fiduciary or in another position of the Company, or is or was serving at the request of the Company as a director, officer, trustee, agent, fiduciary or in
another position of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, or by reason of any actual or alleged thing done or not done by Indemnitee in any such capacity. For purposes of this Agreement,
the Company agrees that Indemnitee’s service on behalf of or with respect to any Subsidiary or employee benefits plan of the Company or any Subsidiary of the Company shall be deemed to be at the request of the Company. 

(d) “Indemnifiable Liabilities” shall mean all Expenses and all other liabilities, damages (including, without limitation,
punitive, exemplary and the multiplied portion of any damages), judgments, payments, fines, penalties, amounts paid in settlement and awards paid or incurred that arise out of, or in any way relate to, any Indemnifiable Event. 

(e) “Person” shall mean any person or entity of any nature whatsoever, specifically including an individual, a firm, a company,
a corporation, a partnership, a limited liability company, a trust or any other entity. A Person, together with that Person’s Affiliates and Associates (as those terms are defined in Rule 12b-2 under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)), and any Persons acting as a partnership, limited partnership, joint venture, association, syndicate or other group (whether or not formally organized), or otherwise acting jointly or in concert or in a
coordinated or consciously parallel manner (whether or not pursuant to any express agreement), for the purpose of acquiring, holding, voting or disposing of securities of the Company with such Person, shall be deemed a single “Person.”

 (f) “Reviewing Party” shall mean any appropriate person or body consisting of a member or members of the
Company’s Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the particular Claim for which Indemnitee is seeking indemnification. 

  
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 (g) “Subsidiary” shall mean, with respect to any Person, any corporation or other
entity of which a majority of the voting power of the voting equity securities or a majority of the equity interest is owned, directly or indirectly, by that Person. 
 2. INDEMNIFICATION AND EXPENSE ADVANCEMENT. 
 (a) The Company shall indemnify
Indemnitee and hold Indemnitee harmless to the fullest extent permitted by law, as soon as practicable but in any event no later than 30 days after written demand is presented to the Company, from and against any and all Indemnifiable Liabilities.
Notwithstanding the foregoing, the obligations of the Company under this Section 2(a) shall be subject to the condition that the Reviewing Party shall not have determined that Indemnitee is not permitted to be indemnified under applicable law.
Nothing contained in this Agreement shall require any determination under the preceding sentence of this Section 2(a) to be made by the Reviewing Party prior to the disposition or conclusion of the Claim against the Indemnitee. 

(b) If so requested in writing by Indemnitee, the Company shall advance to Indemnitee all Expenses incurred by Indemnitee (or, if
applicable, reimburse Indemnitee for any and all Expenses incurred by Indemnitee and previously paid by Indemnitee) (an “Expense Advance”) within ten business days after such request and delivery by Indemnitee of an undertaking to repay
Expense Advances if and to the extent such undertaking is required by applicable law prior to the Company’s payment of Expense Advances. The Company shall be obligated from time to time at the request of Indemnitee to make or pay an Expense
Advance in advance of the final disposition or conclusion of any Claim. In connection with any request for an Expense Advance, if requested by the Company, Indemnitee or Indemnitee’s counsel shall submit an affidavit stating that the Expenses
to which the Expense Advances relate are reasonable. Any dispute as to the reasonableness of any Expense shall not delay an Expense Advance by the Company. If, when and to the extent that the Reviewing Party determines (or, if applicable, a court of
competent jurisdiction makes a final judicial determination) that Indemnitee would not be permitted to be indemnified with respect to a Claim under applicable law or pursuant to this Agreement, the Company shall be entitled to be reimbursed by
Indemnitee and Indemnitee hereby agrees to reimburse the Company without interest (which agreement shall be an unsecured obligation of Indemnitee) for all related Expense Advances theretofore made or paid by the Company; provided, however, that if
Indemnitee has commenced legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee could be indemnified under applicable law or pursuant to this Agreement, any determination made by the Reviewing Party that
Indemnitee would not be permitted to be indemnified under applicable law or pursuant to this Agreement shall not be binding, and Indemnitee shall not be required to reimburse the Company for any Expense Advance, and the Company shall be obligated to
continue to make Expense Advances, until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). If there has been no determination by the Reviewing Party or if the
Reviewing Party determines that Indemnitee substantively would not be permitted to be indemnified in whole or part under applicable law or pursuant to this Agreement, Indemnitee shall have the right to commence litigation in any court in the state
of Texas having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, and the Company hereby consents to
service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee. 

  
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 3. NOTIFICATION AND DEFENSE OF CLAIM. Promptly after receipt by Indemnitee of notice of any
Claim, Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, give reasonable notice to the Company of the commencement thereof; but the omission so to notify the Company will not relieve the Company
from any liability which it may have to Indemnitee unless the Company can demonstrate by clear and convincing evidence that it was materially prejudiced by the failure to receive such notice. With respect to any such Claim as to which Indemnitee
becomes involved: 
 (a) The Company will be entitled to participate therein at its own expense; 

(b) Except as otherwise provided below, to the extent that it may wish, the Company may, jointly with any other indemnifying party,
assume the defense thereof, with outside counsel which must be reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election so to assume the defense thereof (and consent of Indemnitee as to the Company’s
choice of outside counsel, which consent will not be unreasonably withheld), the Company will be liable to Indemnitee under this Agreement for all Expenses (subject to Section 11 below and other than as provided below with respect to
attorneys’ fees) incurred in connection therewith. Indemnitee shall have the right to employ personal counsel in proceedings related to such Claim, but the fees and expenses of such counsel incurred after notice from the Company of its
assumption of the defense thereof (and consent of Indemnitee as to the Company’s choice of outside counsel) shall be at the expense of Indemnitee, unless (i) the employment of counsel for Indemnitee has been authorized by the Company,
(ii) Indemnitee shall have concluded in good faith that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense (or part of the defense) of such action or (iii) the Company shall not in fact
have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any Claim brought by or on behalf
of the Company or as to which Indemnitee shall have made the conclusion provided for in (ii) above; and 
 (c) The Company
shall not be liable to indemnify Indemnitee under this Agreement for any Indemnifiable Liabilities paid in settlement of any Claim effected without its written consent. The Company shall not settle any Claim in any manner which would impose any
penalty, sanction or limitation on Indemnitee, or otherwise indicate the existence of any wrongful act by Indemnitee, without Indemnitee’s written consent. Neither the Company nor Indemnitee will unreasonably withhold its consent to any
proposed settlement. Without intending to limit the circumstances in which it would be unreasonable for the Company to withhold its consent to a settlement, the parties hereto agree it would be unreasonable for the Company to withhold its consent to
a settlement in an amount that did not exceed, in the business judgment of the Board of Directors of the Company, the estimated amount of Expenses of Indemnitee to litigate the Claim to conclusion, provided that there is no other materially adverse
consequence to the Company from such settlement. 

  
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 4. INDEMNIFICATION FOR ADDITIONAL EXPENSES. The Company shall indemnify Indemnitee against
any and all costs and expenses (including attorneys’ and expert witnesses’ fees) and, if requested by Indemnitee, shall (within two business days of that request) advance those costs and expenses to Indemnitee, that are incurred by
Indemnitee if Indemnitee, whether by formal proceedings or through demand and negotiation without formal proceedings: (a) seeks to enforce Indemnitee’s rights under this Agreement, (b) seeks to enforce Indemnitee’s rights to
expense advancement or indemnification under any other agreement or provision of the Company’s Articles of Incorporation (the “Articles of Incorporation”), or Bylaws (the “Bylaws”), now or hereafter in effect relating to
Claims for Indemnifiable Events or (c) seeks recovery under any directors’ and officers’ liability insurance policies maintained by the Company; provided, however that the Company shall be entitled to be reimbursed by Indemnitee for
any Expense Advances set forth in this Section 4 in accordance with Section 2(b) if the Reviewing Party determines (or, if applicable, a court of competent jurisdiction makes a final judicial determination) that Indemnitee is not entitled
to indemnification pursuant to this Agreement, the Articles of Incorporation or Bylaws or any insurance policy maintained by the Company, as applicable. 
 5. PARTIAL INDEMNITY. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some, but not all, of Indemnitee’s Indemnifiable Liabilities, the Company
shall indemnify Indemnitee for the portion thereof to which Indemnitee is entitled. 
 6. CONTRIBUTION. 

(a) Contribution Payment. To the extent the indemnification provided for under any provision of this Agreement is determined (in
the manner herein provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by
Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other
parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the “Third Parties”), on the other hand. 

(b) Relative Fault. The relative fault of the Third Parties and the Indemnitee shall be determined
(i) by reference to the relative fault of Indemnitee as determined by the court or other governmental agency or (ii) to the extent such court or other governmental agency does not apportion relative fault, by the Reviewing Party after
giving effect to, among- other things, the relative
intent, knowledge, access to information and opportunity to prevent or correct the relevant events, of each party, and other relevant equitable considerations. The Company and Indemnitee agree that it would not be just and equitable if contribution
were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 6(b). 
 7. BURDEN OF PROOF. In connection with any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified under any provision of this Agreement or to receive
contribution pursuant to Section 6 of this Agreement, to the extent permitted by law the burden of proof shall be on the Company to establish that Indemnitee is not so entitled. 

  
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 8. NO PRESUMPTION. For purposes of this Agreement, the termination of any Claim by judgment,
order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, or an entry of an order of probation prior to judgment shall not create a presumption (other than any presumption arising
as a matter of law that the parties may not contractually agree to disregard) that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by
applicable law. 
 9. NON-EXCLUSIVITY. The rights of Indemnitee hereunder shall be in addition to any other rights Indemnitee
may have under the Bylaws, the Articles of Incorporation, the Texas Business Organizations Code or otherwise. To the extent that a change in the Texas Business Organizations Code (whether by statute or judicial decision) permits greater
indemnification by agreement than would be afforded currently under the Bylaws or Articles of Incorporation and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by
that change. Indemnitee’s rights under this Agreement shall not be diminished by any amendment to the Articles of Incorporation or Bylaws, or of any other agreement or instrument to which Indemnitee is not a party, and shall not diminish any
other rights which Indemnitee now or in the future has against the Company. 
 10. LIABILITY INSURANCE. 

(a) Rights and Benefits. In all policies of directors’ and officers’ liability insurance (“D&O Insurance”)
that the Company obtains and maintains, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if the
Indemnitee is a director; or of the Company’s officers, if the Indemnitee is not a director of the Company but is an officer; or of the Company’s key employees, if the Indemnitee is not a director or officer but is a key employee; or of
the Company’s other specified persons, if the Indemnitee is not a director, officer or key employee but is another specified person. 
 (b) Limitation on Required Maintenance of D&O Insurance. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance. 

11. EXCEPTIONS. Notwithstanding any other provision of this Agreement, the Company shall not be obligated pursuant to the terms of this
Agreement: 
 (a) Excluded Action or Omissions. To indemnify Indemnitee for Expenses resulting from acts, omissions or
transactions for which Indemnitee is prohibited from receiving indemnification under this Agreement or applicable law; provided, however, that notwithstanding any limitation set forth in this Section 11(a) regarding the Company’s
obligation to provide indemnification, Indemnitee shall be entitled under Section 2(b) to receive Expense Advances hereunder with respect to any such Claim unless and until the Reviewing Party determines (or, if applicable, a court of competent
jurisdiction makes a final judicial determination as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has engaged in acts, omissions or transactions for which Indemnitee is prohibited from receiving
indemnification under this Agreement or applicable law. 

  
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 (b) Claims Initiated by Indemnitee. To indemnify or make Expense Advances to
Indemnitee with respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense, counterclaim or crossclaim, except (i) with respect to actions or proceedings brought to establish or enforce a right to indemnification
under this Agreement or any other agreement or insurance policy or under the Company’s Articles of Incorporation or Bylaws now or hereafter in effect relating to Claims for Indemnifiable Events, (ii) in specific cases if the Board of
Directors of the Company has approved the initiation or bringing of such Claim or (iii) as otherwise required under the Texas Business Organizations Code unless and until the Reviewing Party determines (or, if applicable, a court of competent
jurisdiction makes a final judicial determination as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee is not entitled to such indemnification or insurance recovery, as the case may be. 

(c) Claims Under Section 16(b). To indemnify Indemnitee for expenses and the payment of profits arising from the purchase and
sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act, or any similar successor statute; provided, however, that notwithstanding any limitation set forth in this Section 11(c) regarding the Company’s
obligation to provide indemnification, Indemnitee shall be entitled under Section 2(b) to receive Expense Advances hereunder with respect to any such Claim unless and until the Reviewing Party determines (or, if applicable, a court of competent
jurisdiction makes a final judicial determination as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee has violated said statute. 
 (d) Dishonesty. To indemnify Indemnitee on account of any Claim made against Indemnitee brought about or contributed to by the active and deliberate dishonesty of Indemnitee seeking payment
hereunder. In determining whether any alleged dishonesty was active and deliberate, there shall be taken into consideration any discussion with and instructions from the supervisors of Indemnitee with Indemnitee regarding the acts alleged to
constitute the dishonesty. 
 12. DURATION OF AGREEMENT. This Agreement shall continue until and terminate upon the later of
(i) the tenth anniversary after Indemnitee has ceased to occupy any of the positions or have any of the relationships described in Section 1(c) of this Agreement and (ii)(A) the final termination or resolution of all Claims with
respect to Indemnitee commenced during such 10-year period and (B) either (x) receipt by Indemnitee of the indemnification to which he is entitled hereunder with respect thereto or (y) a final adjudication or binding arbitration that
Indemnitee is not entitled to any further indemnification with respect thereto, as the case may be. 
 13. AMENDMENTS. No
supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any provision of this Agreement shall be effective unless in a writing signed by the party granting the
waiver. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall that waiver constitute a continuing waiver. 

  
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 14. OTHER SOURCES. Indemnitee shall not be required to exercise any rights that Indemnitee
may have against any other Person (for example, under an insurance policy) before Indemnitee enforces his rights under this Agreement. However, to the extent the Company actually indemnifies Indemnitee or advances Indemnitee Expenses, the Company
shall be subrogated to the rights of Indemnitee and shall be entitled to enforce any such rights which Indemnitee may have against third parties. Indemnitee shall assist the Company in enforcing those rights if the Company pays Indemnitee’s
costs and expenses of doing so. If Indemnitee is actually indemnified or advanced Expenses by any third party, then, for so long as Indemnitee is not required to disgorge the amounts so received, to that extent the Company shall be relieved of its
obligation to indemnify Indemnitee or advance Indemnitee Expenses. 
 15. BINDING EFFECT. This Agreement shall be binding upon
and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or
assets of the Company), spouses, heirs and personal and legal representatives. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer or in another specified capacity of or for the Company
or, at the Company’s request, another enterprise, and regardless of whether the Indemnitee left the position with the Company or such other enterprise voluntarily or involuntarily. 

16. SEVERABILITY. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws
effective during the term hereof, that provision shall be fully severable; this Agreement shall be construed and enforced as if that illegal, invalid or unenforceable provision had never comprised a part hereof; and the remaining provisions shall
remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement. Furthermore, in lieu of that illegal, invalid or unenforceable provision, there shall be added
automatically as a part of this Agreement a provision as similar in terms to the illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 

17. GOVERNING LAW. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Texas
applicable to contracts made and to be performed in that state without giving effect to the principles of conflicts of laws. 

18. HEADINGS. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. 
 19. NOTICES. Whenever this Agreement requires or permits notice to be given by one party to
the other, such notice must be in writing to be effective and shall be deemed delivered and received by the party to whom it is sent upon actual receipt (by any means) of such notice. Receipt of a notice by the Secretary, Executive Chairman, Chief
Executive Officer or President of the Company shall be deemed receipt of such notice by the Company. 
 20. COMPLETE AGREEMENT.
This Agreement and the documents expressly referred to herein constitute the complete understanding and agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings between the parties
with respect to the subject matter hereof. This Agreement supersedes any prior indemnification agreement between Indemnitee and the Company or its predecessors. 

  
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 21. EMPLOYMENT RIGHTS. Nothing in this Agreement is intended to create in Indemnitee any
right to employment or continued employment. 
 22. COUNTERPARTS. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original, but in making proof hereof it shall not be necessary to produce or account for more than one such counterpart. 
 EXECUTED as of the date first written above. 
  

			
	GOODMAN NETWORKS INCORPORATED
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	INDEMNITEE:
	
	 

  
 9EX-10.51

 Exhibit 10.51 
 Execution Version 
 SECURITIES PURCHASE AGREEMENT 

This Securities Purchase Agreement is entered into June 7, 2011, by and between SG-Goodman, LLC, an Arkansas limited liability
company (“SG-Goodman”), SG-Tower, LLC, an Arkansas limited liability company (“SG-Tower,”), SG-GN/SD, LLC, an Arkansas limited liability company (“SG-GN,”), SG-LTE, LLC, an Arkansas limited
liability company (“SG-LTE,” and together with SG-Goodman, SG-Tower and SG-GN, collectively referred to herein as “Sellers”), and Goodman Networks Incorporated, a Texas corporation (“Purchaser” and
sometimes referred to herein as the “Company”). 
 Sellers and Purchaser are parties to the Fourth Amended and
Restated Shareholders’ Agreement, dated June 24, 2009, as such agreement has been amended from time to time (the “Shareholders’ Agreement”). 
 Sellers want to sell to Purchaser and Purchaser wants to acquire from Sellers, all Preferred Shares owned and held by Sellers. 
 Sellers want to sell to Purchaser and Purchaser wants to acquire from Sellers, all Common Shares owned and held by Sellers. 
 Sellers want to sell to Purchaser and Purchaser wants to acquire from Sellers, all Warrants owned and held by Sellers, with the exception of Warrants exercisable into 43,358 Common Shares owned by SG-GN
LLC (the “Retained Warrants”). 
 Sellers and Purchaser agree as follows: 

ARTICLE I 

CERTAIN DEFINITIONS 
 1.1 Defined Terms. Capitalized terms used but not defined in this agreement have the meanings ascribed to them in the Shareholders’ Agreement. Unless the context otherwise requires, the
following terms have the following meanings: 
 “Closing” has the meaning specified in section 5.1.

 “Closing Date” has the meaning specified in section 5.1. 

“Code” has the meaning specified in section 2.1. 

“Common Shares” means the Purchaser’s common stock, par value $0.01. 

“Contract” means any agreement, contract or other binding commitment, understanding, arrangement or plan, written or
oral (including any amendments and other modifications thereto) to which a Person is a party or to which it or its assets are subject or bound. 
 “D&O Tail Policy” has the meaning as set forth in section 7.1. 

 “Debt Financing” means the issuance by Purchaser of an aggregate principle
amount of at least $225,000,000 in notes. 
 “Governing Documents” means the Articles of Incorporation and
Bylaws of the Purchaser. 
 “Governmental Authority” means any national, state, county or municipal government,
domestic or foreign, any agency, board, bureau, commission, court, department or other instrumentality of any such government, or any arbitrator in any case that has jurisdiction over Sellers or Purchaser or any of their respective properties or
assets. 
 “Lien” means any lien, mortgage, security interest, pledge, deposit, claim, production payment,
restriction, burden, encumbrance, right of purchase, rights of a vendor under any title retention or conditional sale agreement, or lease or other arrangement substantially equivalent thereto. 

“Material Adverse Effect” means any result, occurrence, condition, fact, change, violation, event or effect of any of
the foregoing (whether or not (i) foreseeable or known as of the date of this agreement or the Closing Date or (ii) covered by insurance) that, individually or in the aggregate with any such other results, occurrences, facts, changes,
violations, events or effects, is or could reasonably be expected to be (whether or not such result, occurrence, condition, fact, change, violation, event or effect has, during the period or at any time in question, manifested itself in the
historical financial statements of the applicable party) materially adverse to the ability of such party to perform its obligations under or consummate the transactions contemplated by the Transaction Documents. 

“Mutual Release” means a mutual release in the form attached as Exhibit A. 

“Other Securities Purchase Agreements” means the Securities Purchase Agreement dated June 7, 2011 by and between
Jason Goodman, and the Purchaser, the Securities Purchase Agreement dated June 7, 2011 by and between Joseph Goodman and the Purchaser, the Securities Purchase Agreement dated June 7, 2011 by and between Jonathan Goodman and the Purchaser
and the Securities Purchase Agreement dated June 7, 2011 by and between James Goodman and the Purchaser. 

“Person” means any natural person, corporation, company, limited or general partnership, joint stock company, joint
venture, bank, association, limited liability company, trust, trust company, land trust, business trust or other entity or organization, whether or not a Governmental Authority. 

“Preferred Shares” means the Purchaser’s Series C Senior Convertible Preferred Stock. 

“Pricing Committee” means the committee of the Board of Directors of the Purchaser formed to, among other matters, have
the authority to authorize the purchase of the Purchased Shares and the Common Shares to be purchased pursuant to the Other Securities Purchase Agreements. 
 “Purchase Price” has the meaning specified in section 2.2. 

  
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 “Purchased Shares” means 1,114,035 Preferred Shares and 112,615 Common
Shares to be sold by Sellers and purchased by Purchaser under this agreement. 
 “Purchased Warrants” means
Warrants exercisable into 117,050 Common Shares to be sold by Sellers and purchased by Purchaser under this agreement. 

“Purchased Securities” means the Purchased Shares and the Purchased Warrants to be sold by Sellers and purchased by
Purchaser under this agreement. 
 “Securities” means the Shares and the Warrants. 

“Shares” means Common Shares and Preferred Shares. 

“Transaction Documents” means this agreement and all agreements, instruments and documents that are contemplated by the
terms of this agreement to be signed and/or delivered by Sellers to Purchaser or Purchaser to Sellers at the Closing. 

“Valuation Research Opinion” means an opinion on or prior to the Closing Date from Valuation Research Corporation in a
form reasonably acceptable to the Pricing Committee and the Sellers after taking into account the Debt Financing and the use of proceeds therefrom regarding the capital limits and solvency of the Purchaser, including, but not limited to, that
pursuant to the requirements of the Texas Business Organizations Code (“TBOC”), (i) the Purchaser would not be “insolvent” (as defined in the TBOC) after purchasing the Purchased Securities and purchasing the Common
Shares set forth in the Other Securities Purchase Agreements and (ii) the aggregate amounts paid for the Purchased Securities and the Common Shares set forth in the Other Securities Purchase Agreements would not exceed the “distribution
limit” (as defined in the TBOC). 
 “Warrants” means the warrants, issued by the Company, entitling the
holder thereof the right to purchase Common Shares. 
 1.2 References, Gender, Number. All references in this agreement
to exhibits, schedules, articles, sections, subsections and other subdivisions refer to the corresponding exhibits, schedules, articles, sections, subsections and other subdivisions of this agreement unless expressly stated otherwise. Headings
appearing at the beginning of any articles, sections, subsections or other subdivisions of this agreement are for convenience only, do not constitute any part of such articles, sections, subsections or other subdivisions, and shall be disregarded in
construing the language contained therein. The words “herein,” “hereby,” “hereunder,” “hereof” and words of similar import refer to this agreement as a whole and not to any particular subdivision, unless
expressly so limited. The words “this section,” “this subsection,” and words of similar import, refer only to the sections or subsections, respectively, hereof in which such words occur. The word “including” (in its
various forms) means “including without limitation.” Pronouns in masculine, feminine, or neuter genders will be construed to state and include any other gender and words, terms and titles (including terms defined herein) in the singular
form will be construed to include the plural and vice versa, unless the context otherwise expressly requires. Unless the context otherwise requires, all defined terms mean and include the singular and plural and the conjunctive and disjunctive
forms. 

  
 3 

 ARTICLE II 
 PURCHASE AND SALE OF THE SECURITIES 
 2.1 Purchase and Sale of the
Purchased Securities. On and subject to the terms and conditions set forth in this agreement, at Closing Sellers shall sell to Purchaser, and Purchaser shall purchase from Sellers, the Purchased Securities, free and clear of all Liens.

 2.2 Purchase Price. The aggregate purchase price payable by Purchaser to Sellers in consideration for the Purchased
Securities is $88,000,000 plus the amount of accumulated but unpaid dividends on the Preferred Shares through the Closing Date (“Purchase Price”). 
 2.3 Payment Terms. At the Closing, Purchaser shall pay to Sellers the Purchase Price in cash or by wire transfer of immediately available funds to an account designated by Sellers. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES 
 3.1 Representations and Warranties of Purchaser. Purchaser represents and warrants to Sellers as follows: 
 (a) Organization. Purchaser is a (i) corporation duly organized, validly existing and in good standing under the laws of the State of Texas and (ii) has the requisite power and authority
to own, lease and operate its properties and to conduct its business as it is presently being conducted. 
 (b) Authority and
Enforceability. Purchaser has the requisite power and authority to enter into and deliver this agreement and the other Transaction Documents to which it is or, when executed after the date of this agreement will be, a party and to consummate the
transactions contemplated hereby and thereby. The execution and delivery by Purchaser of this agreement and the other Transaction Documents to which it is or, when executed after the date of this agreement, will be a party and the consummation of
the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action on the part of Purchaser, and no other proceedings on the part of Purchaser are necessary to authorize the execution and delivery of this
agreement and the other Transaction Documents to which it is or, when executed after the date of this agreement will be, a party or to consummate the transactions contemplated hereby and thereby other than the determination by the Pricing Committee
that the Purchaser will not be insolvent and will not exceed the distribution limit based on the Valuation Research Opinion. This agreement and the other Transaction Documents to which Purchaser is or, when executed after the date of this agreement
will be, a party have been or will be duly and validly executed and delivered by Purchaser and constitute, or will constitute, valid and binding obligations of Purchaser, enforceable against it in accordance with their terms. 

(c) No Violations. Except as set forth on Schedule 3.1(c), the execution and delivery of each Transaction Document to which
Purchaser is or, when executed after the date of this agreement will be, a party do not or will not, and the consummation of the transactions contemplated hereby and thereby and compliance by Purchaser with the provisions hereof or thereof will not
(with or without notice or lapse of time or both), violate, conflict with, result in any violation or breach of or default under, give rise to a right of termination, cancellation, 

  
 4 

 
amendment, modification, payment or acceleration of any obligation, a right to impose any fine or penalty, a right to purchase or foreclose upon any of the properties or assets of Purchaser or
the loss of a material benefit under, or result in the creation of any Lien on any of the properties or assets of Purchaser under, any provision of: (i) the Amended and Restated Articles of Incorporation or other organizational documents of
Purchaser, (ii) any material agreement of Purchaser or (iii) any judgment, order, decree, statute, law, ordinance, rule or regulation applicable to Purchaser. 
 (d) Consents and Approvals. No consent, approval, order or authorization of, registration, declaration or filing with, or permit from, any Governmental Authority is required by or with respect to
Purchaser in connection with the execution and delivery by Purchaser of the Transaction Documents to which Purchaser is or, when executed after the date of this agreement, will be a party or the consummation by Purchaser of the transactions
contemplated hereby and thereby. Except as set forth on Schedule 3.1(d), no consent is required by any Person, including without limitation under any Contract to which Purchaser is a party or by which any of the assets of Purchaser is bound
or subject, in connection with the execution and delivery by Purchaser of the Transaction Documents to which Purchaser is or, when executed after the date of this agreement will be, a party or the consummation by Purchaser of the transactions
contemplated hereby and thereby. 
 (e) Litigation. No litigation, arbitration, investigation or other proceeding,
whether at law or equity, civil or criminal in nature, by or before any arbitration or any Governmental Authority is pending or, to the knowledge of Purchaser, threatened against Purchaser or Purchaser’s assets, (i) which, if adversely
determined, would, individually or in the aggregate, have a Material Adverse Effect or (ii) that questions the validity or enforceability of this agreement or the other Transaction Documents to be executed and delivered by Purchaser in
connection with the transactions contemplated hereby and thereby. 
 3.2 Representations and Warranties of Sellers.
Sellers, jointly and severally, represent and warrant to Purchaser as follows: 
 (a) Organization. Each Seller is a
(i) limited liability company duly organized, validly existing and in good standing under the laws of the State of Arkansas and (ii) has the requisite power and authority to own, lease and operate its properties and to conduct its business
as it is presently being conducted. 
 (b) Authority and Enforceability. Each Seller has the requisite power and
authority to enter into and deliver this agreement and the other Transaction Documents to which it is or, when executed after the date of this agreement will be, a party and to consummate the transactions contemplated hereby and thereby. The
execution and delivery by Sellers of this agreement and the other Transaction Documents to which it is or, when executed after the date of this agreement, will be a party and the consummation of the transactions contemplated hereby and thereby have
been duly and validly authorized by all necessary action on the part of Sellers, and no other proceedings on the part of Seller are necessary to authorize the execution and delivery of this agreement and the other Transaction Documents to which it
is or, when executed after the date of this agreement will be, a party or to consummate the transactions contemplated hereby and thereby. This agreement and the other Transaction Documents to which Sellers are, or when executed after the date of
this agreement will be, a party have been or will be duly and validly executed and delivered by Sellers and constitute, or will constitute, valid and binding obligations of Sellers, enforceable against them in accordance with their terms.

  
 5 

 (c) No Violations. Except as set forth in Schedule 3.2(c), the execution and
delivery of this agreement and the other Transaction Documents to which Sellers are or, when executed after the date of this agreement will be, a party do not or will not, and the consummation of the transactions contemplated hereby and thereby and
compliance by Sellers with the provisions hereof or thereof will not, (with or without notice or lapse of time or both) violate, conflict with, result in any violation of or default under, give rise to a right of termination, cancellation,
amendment, modification or acceleration of any obligation or to the loss of a material benefit under, result in the creation of any Lien on any of the properties or assets of Sellers under, or give or entitle any Person any right to purchase or
foreclose upon any of the assets of Sellers under, any provision of: (i) any organizational document of any Seller, (ii) any material agreement of Sellers or (iii) any judgment, order, decree, statute, law, ordinance, rule or
regulation applicable to Sellers, . 
 (d) Consents and Approvals. No consent, approval, order or authorization of,
registration, declaration or filing with, or permit from, any Governmental Authority is required by or with respect to Sellers in connection with the execution and delivery by Sellers of this agreement and the other Transaction Documents to which it
is or, when executed after the date of this agreement will be, a party or the consummation by Sellers of the transactions contemplated hereby and thereby. Except as set forth in Schedule 3.2(d), no consent is required by any Person, including
without limitation under any Contract to which Sellers are a party or by which any assets of Sellers are bound or subject, in connection with the execution and delivery by Sellers of the Transaction Documents or the consummation by Sellers of the
transactions contemplated hereby and thereby. 
 (e) Securities Ownership. Except as set forth in Schedule 3.2(e),
Sellers are the holder of record and own beneficially the Purchased Securities, free and clear of all Liens. At the Closing, Purchaser will receive good and valid title to the Purchased Securities, free and clear of all Liens. 

(f) Litigation. No litigation, arbitration, investigation or other proceeding, whether at law or equity, civil or criminal in
nature, by or before any arbitration or any Governmental Authority is pending or, to the knowledge of Sellers, threatened against Sellers or Sellers’ assets, (i) which, if adversely determined, would, individually or in the aggregate, have
a Material Adverse Effect or (ii) that questions the validity or enforceability of this agreement or the other Transaction Documents to be executed and delivered by Sellers in connection with the transactions contemplated hereby and thereby.

 ARTICLE IV 
 CLOSING CONDITIONS 
 4.1 Conditions to the Obligations of Purchaser.
The obligations of Purchaser to consummate the transactions contemplated hereby to occur at the Closing are subject to the satisfaction of each the following conditions, unless waived in whole or in part in writing by Purchaser: 

  
 6 

 (a) The representations and warranties of Sellers in this agreement must be true and correct
in all material respects (provided that any representation or warranty contained herein that is qualified by a materiality or material adverse effect qualification will not be so qualified for purposes of determining the existence of any breach
thereof by Sellers) as of the date of this agreement and as of the Closing Date as though made on and as of the Closing Date (except for any representation or warranty that is limited to an earlier date, in which case such representation or warranty
shall have been true and correct only as of such earlier date); 
 (b) Sellers must have performed in all material respects all
of its obligations required by this agreement to be performed by it on or before the Closing Date; 
 (c) Sellers must have
delivered to Purchaser a certificate in form and substance satisfactory to Purchaser, dated the Closing Date and signed by each of the Sellers, as to the satisfaction of the conditions in the foregoing subsections; 

(d) Purchaser must have received proof of the release of Liens with respect to the Securities; 

(e) Purchaser must have received executed consents as set forth in Schedules 3.1(c) and (d); 

(f) Sellers must have received executed consents as set forth in Schedules 3.2(c) and (d) in form reasonably
satisfactory to Purchaser; 
 (g) The Pricing Committee shall have received the Valuation Research Opinion on or before the
Closing Date; 
 (h) Each of the Nominees (as that term is defined in the Shareholders’ Agreement) and the Observers (as
that term is defined in the Shareholders’ Agreement), designated by Sellers to sit on or observe the Board of Directors of the Company (the “Board”), shall have resigned from the Board, in the case of the Nominees, or shall
have removed themselves as Observers of the Board, in the case of the Observers; 
 (i) Purchaser shall have consummated and
received the proceeds from the Debt Financing; 
 (j) Purchaser must have received evidence that the Senior Subordinated Notes
of SG-GN and SG-LTE in the aggregate principal amount of $13,250,000 have been retired and paid in full including all accrued interest through the Closing Date; 
 (k) Purchaser must have received a waiver from SG-Goodman regarding any of its rights under Section 16 of the Shareholders’ Agreement; 

  
 7 

 (l) Purchaser must have received from SG-Goodman executed originals of the Fifth Amended
and Restated Shareholders’ Agreement pursuant to which SG-Goodman will execute such agreement stating it is no longer a party to such agreement; 
 (m) Purchaser shall have received a Mutual Release executed by each Seller; 
 (n)
Sellers must have delivered to Purchaser or other specified persons the documents, instruments, certificates and other items required to be delivered by Sellers pursuant to section 5.3; 

(o) There must not be in effect any temporary restraining order, preliminary or permanent injunction, stay or other order issued by any
Governmental Authority preventing the consummation of the transactions contemplated hereby to occur at the Closing; and 
 (p)
No law must have been enacted, issued, enforced, entered, or promulgated that prohibits or makes illegal the consummation of the transactions contemplated hereby. 
 4.2 Conditions to the Obligations of Sellers. The obligations of Sellers to consummate the transactions contemplated hereby to occur at the Closing are subject to the satisfaction of each of the
following conditions, unless waived in whole or in part in writing by Sellers: 
 (a) The representations and warranties of
Purchaser set forth in this agreement must be true and correct in all material respects (provided that any representation or warranty contained herein that is qualified by a materiality or material adverse effect qualification shall not be so
qualified for purposes of determining the existence of any breach thereof by Purchaser) as of the date of this agreement and as of the Closing Date as though made on and as of the Closing Date (except for any representation or warranty that is
limited to an earlier date, in which case such representation or warranty shall have been true and correct only as of such earlier date); 
 (b) Purchaser must have performed in all material respects all obligations under its covenants and agreements required by this agreement to be performed by Purchaser before the Closing Date; 

(c) Purchaser must have delivered to Sellers a certificate, dated the Closing Date and signed by an authorized representative of
Purchaser, as to the satisfaction of the conditions in the foregoing subsections; 
 (d) Sellers must have received executed
consents as set forth in Schedules 3.1(c) and (d) in form reasonably satisfactory to Sellers; 
 (e) Sellers
must have received executed consents as set forth in Schedules 3.2(c) and (d); 
 (f) Sellers must have received
evidence of the effectiveness of the D&O Tail Policy; 
 (g) Sellers shall have received a Mutual Release executed by
Purchaser; 

  
 8 

 (h) Sellers must have received evidence that the Senior Subordinated Notes of SG-GN and
SG-LTE in the aggregate principal amount of $13,250,000 have been retired and paid in full including all accrued interest through the Closing Date; 
 (i) Sellers shall have received the Valuation Research Opinion on or before the Closing Date; 
 (j) Purchaser must have delivered to Sellers or other specified persons the documents, instruments, certificates and other items required to be delivered by Purchaser pursuant to section 5.2; 

(k) There must not be in effect any temporary restraining order, preliminary or permanent injunction, stay or other order issued by any
Governmental Authority preventing the consummation of the transactions contemplated hereby to occur at the Closing must be in effect; and 
 (l) No law must have been enacted, issued, enforced, entered, or promulgated that prohibits or makes illegal the consummation of the transactions contemplated hereby. 

ARTICLE V 

CLOSING 

5.1 Closing. The closing of the transactions contemplated hereby (the “Closing”) will be held at the offices of
Haynes and Boone, LLP, 2323 Victory Avenue, Suite 700, Dallas, Texas 75219 at 10:00 a.m. (or such other location as mutually agreed upon by the parties hereto) on the second business day, in each case, after the satisfaction or waiver of all
conditions in ARTICLE IV other than those conditions that by their nature are to be satisfied at the Closing (but subject to the satisfaction or waiver of such conditions). The actual date on which the Closing takes place is referred to herein as
the “Closing Date.” 
 5.2 Purchaser’s Closing Deliveries. Purchaser shall deliver, or cause to be
delivered, at or prior to the Closing, each of the following: 
 (a) To Sellers, the Purchase Price, in cash or by wire transfer
in immediately available funds. 
 (b) To Sellers, the documents referred to in subsection 4.2(c), 4.2(d),
4.2(f), 4.2(g), 4.2(h), 4.2(i) and 4.2(j); 
 (c) To SG-GN, a Warrant representing the
Retained Warrants; and 
 (d) To the applicable Person, any other agreements, instruments and documents the Transaction
Documents require Purchaser to execute and/or deliver at the Closing. 
 5.3 Sellers’ Closing Obligations. Sellers
shall deliver, or cause to be delivered, at or prior to the Closing, each of the following: 

  
 9 

 (a) To Purchaser, stock certificates representing the Purchased Shares, accompanied by a
stock power duly endorsed in blank, and otherwise in proper form for transfer. 
 (b) To Purchaser, executed warrant agreement,
representing the Purchased Warrants. 
 (c) To Purchaser, the documents referred to in subsection 4.1(c), 4.1(d),
4.1(f), 4.1(h), 4.1(j), 4.1(k), 4.1(l), 4.1(m) and 4.1(n). 
 (d) To the
applicable Person, any other agreements, instruments and documents that are required by any of the Transaction Documents to be executed and/or delivered by Sellers at the Closing. 

ARTICLE VI 

TERMINATION 
 6.1 Termination. This Agreement may be terminated at any time prior to the Closing (by written notice of the terminating party to the other party): 

(a) by mutual written consent of Purchaser and Sellers; 
 (b) by either Purchaser or Sellers if the Closing shall not have occurred by 5:00 P.M. Central Time on August 5, 2011 (the “Drop Dead Date”); 

(c) by either Purchaser or Sellers if a Governmental Authority shall have issued an order, decree, or ruling or taken any other action,
in each case permanently restraining, enjoining, or otherwise prohibiting the transactions contemplated by this agreement, and such order, decree, ruling, or other action shall have become final and non-appealable; 

(d) by Purchaser, if Purchaser is not then in material breach of this agreement, if the conditions set forth in section 4.1 shall have
become incapable of fulfillment or cure by the Drop Dead Date and shall not have been waived by Purchaser; or 
 (e) by Sellers,
if Sellers are not then in material breach of this agreement, if the conditions set forth in section 4.2 shall have become incapable of fulfillment or cure by the Drop Dead Date and shall not have been waived by Sellers. 

6.2 Effect of Termination. Upon termination of this agreement pursuant to section 6.1, the undertakings and obligations of
the parties set forth herein shall forthwith be of no further force and effect, without any liability or obligation on the part of Sellers or Purchaser under this agreement, except that the provisions of this section 6.2, sections 7.1
through 7.13 and ARTICLE I and the undertakings and obligations thereunder shall survive any such termination; provided, however, that no such termination shall relieve Sellers or Purchaser from any liability or damages resulting from an intentional
breach of this agreement prior to such termination. The parties acknowledge and agree that any claim for damages due to an intentional breach of this agreement must be brought within 45 days after the date on which this agreement is terminated.

  
 10 

 ARTICLE VII 
 MISCELLANEOUS 
 7.1 Indemnification of Officers and Directors. The
Governing Documents of the Purchaser shall contain provisions no less favorable with respect to the limitation or elimination of liability and indemnification than are set forth in the Governing Documents as of the date of this Agreement, which
provisions shall not be amended, repealed or otherwise modified for a period of six years after the Closing in any manner that would adversely affect the rights thereunder of individuals who at or prior to the Closing were directors, officers,
agents or employees of the Purchaser or who were otherwise entitled to indemnification pursuant to the Governing Documents of the Purchaser. Purchaser shall arrange to be put in place at the Closing a “tail” insurance policy with respect
to directors’ and officers' liability insurance (a) for matters occurring on and prior to the Closing Date, including the Debt Financing (and the Rule 144A offering associated therewith), (b) with a claims period of six years after
the Closing Date, (c) from its existing insurance carrier or from an insurance carrier with the same or better credit rating as its current insurance carrier, and (d) otherwise in an amount and scope substantially similar to
Purchaser’s existing directors’ and officers’ liability policy as in effect as of the date hereof (the “D&O Tail Policy”). The provisions of this section 7.1 are (1) intended to be for the benefit of, and
shall be enforceable by, each Person entitled to indemnification under the Governing Documents of the Purchaser in effect immediately prior to the Closing, and each such Person's heirs, legatees, representatives, successors and assigns, it being
expressly agreed that such Persons shall be third-party beneficiaries of this section 7.1 and (2) in addition to, and not in substitution for, any other rights to indemnification that any such Person may have by contract or otherwise.

 7.2 Closing of Debt Financing. Purchaser agrees that it will not close or accept the proceeds of the Debt Financing
(i) without a prior determination by the Pricing Committee that the Purchaser will not be insolvent and will not exceed the distribution limit based upon the Valuation Research Opinion; and (ii) without completing the purchase of the
Purchased Securities under this agreement. 
 7.3 Information Requirements. Following the Closing, SG-GN/SD, LLC will own
43,358 Warrants. As long as SG-GN/SD, LLC continues to hold any Warrants (or Common Shares from the exercise of such Warrants), the Company shall provide to SG-GN/SD, LLC copies of the same information and at the same time as it is required to
provide to the trustee on behalf of the bondholders under the Debt Offering. 
 7.4 Amendment and Modification. This
agreement may not be amended except by an instrument in writing signed by the parties hereto. 
 7.5 Severability. If any
term or other provision of this agreement is invalid, illegal or incapable of being enforced by any applicable law or public policy, all other terms and provisions of this agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the
Governmental Authority making such determination is authorized and instructed to modify this agreement so as to effect the original intent of the parties as closely as possible in order that the transactions contemplated hereby are consummated as
originally contemplated to the fullest extent possible. 

  
 11 

 7.6 Expenses and Obligations. Except as otherwise expressly provided in this
agreement or as provided by law, whether or not the Closing shall occur, all costs and expenses incurred by the parties hereto in connection with the negotiation of and preparation for the transactions contemplated hereby shall be borne solely and
entirely by the party that has incurred such costs and expenses. 
 7.7 Parties in Interest. This agreement shall be
binding upon and inure solely to the benefit of each party hereto and their executors, successors, permitted assigns and permitted transferees, and nothing in this agreement, express or implied, is intended to confer upon any other Person any rights
or remedies of any nature whatsoever under or by reason of this agreement. 
 7.8 Notices. All notices and other
communications hereunder shall be in writing and shall be deemed given if delivered personally, by telecopy, by facsimile, or mailed by registered or certified mail (return receipt requested), or sent by Federal Express or other recognized overnight
courier, to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): 
  

	 	(a)	If to Purchaser, to: 

 Goodman
Networks Incorporated 
 6400 International Parkway, Suite 100 

Plano, Texas 75093 
 Attention: John A. Goodman, Chief Executive Officer 
 Telephone No.:
(972) 406-9692 
 with a copy to: 
 Haynes and Boone, LLP. 
 2323 Victory Avenue, Suite 700 

Dallas, Texas 75219 
 Attention: Gregory R. Samuel, Esq. 
 Telephone No.: (214) 651-5645

  

	 	(b)	If to Sellers; 

 The Stephens
Group, LLC 
 100 Morgan Keegan Drive, Suite 500 
 Little Rock, Arkansas 72202 
 Attn: Ronald M. Clark 

Telephone No.: (501) 377-2356 

  
 12 

 With a copy to: 
 Rose Law Firm, a Professional Association 
 120 Fourth Street 

Little Rock, Arkansas 72201 
 Attention: Brian Rosenthal, Esq. 
 Telephone No.; (501)-377-0340 

Any of the above addresses may be changed at any time by notice given as provided above; provided, however, that any such notice of
change of address shall be effective only upon receipt. All notices, requests or instructions given in accordance herewith shall be deemed received on the date of delivery, if hand delivered, on the date of receipt, if by telecopy or facsimile,
three business days after the date of mailing, if mailed by registered or certified mail, return receipt requested, and one business day after the date of sending, if sent by Federal Express or other recognized overnight courier. 

7.9 Counterparts. This agreement may be executed and delivered (including by facsimile transmission) in one or more counterparts,
all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party. 

7.10 Entire Agreement. This agreement (which term shall be deemed to include the attachments hereto), the other Transaction
Documents and the other certificates, documents and instruments pursuant hereto and thereto constitute the entire agreement of the parties with respect to the transactions contemplated hereby and supersedes all prior agreements, letters of intent
and understandings, both written and oral, among the parties with respect to the subject matter hereof. There are no representations or warranties, covenants or agreements between the parties relating to the subject matter hereof other than those
expressly set forth in this agreement and the other Transaction Documents. 
 7.11 Governing Law. This agreement shall be
governed by, and interpreted, construed and enforced in accordance with, the laws of the State of Texas (excluding Texas choice-of-law principles that may require the application of another state’s law). 

7.12 Assignment. Neither this agreement nor any of the rights, interests, or obligations hereunder shall be assigned by any of the
parties hereto, whether by operation of law or otherwise. Any attempted assignment in violation of this section 7.12 shall be null and void ab initio. 
 7.13 Headings. The headings of this agreement are for convenience of reference only and are not part of the substance of this agreement. 

7.14 Survival of Representations, Warranties and Covenants. All representations and warranties contained in this agreement and all
covenants to be performed on or before Closing contained in this agreement shall survive the Closing until eighteen months after the Closing Date, except that (i) representations and warranties in section 3.1(b), 3.1(d), section 3.2(b), section
3.2(d), and section 3.2(e) shall survive indefinitely. Except with regard to any claim for a 

  
 13 

 
breach of section 3.1(b), 3.1(d), section 3.2(b), section 3.2(d), and section 3.2(e), any claim for a breach of a representation, warranty or covenant to be performed on or before Closing
contained in this agreement must be brought during such eighteen month period. Covenants to be performed following the Closing shall continue as set forth in this agreement. 
 [SIGNATURE PAGE FOLLOWS] 

  
 14 

 This agreement has been signed below by or on behalf of each of the parties on the date
indicated. 
  

							
		 		 	 PURCHASER:
  

Goodman Networks Incorporated

				
		 		 	By:	 	/s/ John Goodman
		 		 	Name:	 	John Goodman
		 		 	Title:	 	Chairman & CEO
		 		 	Date:	 	June 7, 2011
			
	Owner of 1,114,035 Preferred Shares	 		 	 SELLERS:
  

SG-Goodman, LLC

		 		 	By:	 	The Stephens Group, LLC, its Manager
				
		 		 	By:	 	/s/ W. Kent Sowells
		 		 	Name:	 	W. Kent Sowells
		 		 	Title:	 	Managing Director
			
	Owner of 112,615 Common Shares	 		 	 SG-Tower, LLC

		 		 	By:	 	The Stephens Group, LLC, its Manager
				
		 		 	By:	 	/s/ W. Kent Sowells
		 		 	Name:	 	W. Kent Sowells
		 		 	Title:	 	Managing Director
			
	Holder of warrants entitling the holder thereto the right to purchase 86,179 Common Shares	 		 	 SG-GN/SD, LLC

	 		 	By:	 	The Stephens Group, LLC, its Manager
				
		 		 	By:	 	/s/ Ronald M. Clarke
		 		 	Name:	 	Ronald M. Clarke
		 		 	Title:	 	COO & General Counsel
			
	Holder of warrants entitling the holder thereto the right to purchase 30,871 Common Shares	 		 	 SG-LTE, LLC

	 		 	By:	 	The Stephens Group, LLC, its Manager
				
		 		 	By:	 	/s/ Ronald M. Clarke
		 		 	Name:	 	Ronald M. Clarke
		 		 	Title:	 	COO & General Counsel

 SIGNATURE PAGE 

TO 

COMMON AND PREFERRED STOCK PURCHASE AGREEMENT

 SCHEDULE 3.1(c) 

Violations 
 Receipt of the
Valuation Research Opinion 
 Approval is required under the Revolving Credit and Security Agreement dated as of June 24, 2009, as amended.

 SCHEDULE 3.1(c) 

 SCHEDULE 3.1(d) 

Consents and Approvals 
 Receipt
of the Valuation Research Opinion 
 Approval is required under the Revolving Credit and Security Agreement dated as of June 24, 2009, as
amended. 
 SCHEDULE 3.1(d) 

 SCHEDULE 3.2(c) 

Violations 
 Certain of the
Preferred Shares owned by SG-Goodman, LLC are pledged to the Company’s lender pursuant to that certain Pledge Agreement between SG-Goodman, LLC and PNC, National Association dated June 24, 2009. A transfer of such Preferred Shares without
consent of PNC would be a violation of such Pledge Agreement. 
 Certain of the Common Shares owned by SG-Tower, LLC are pledged to the
Company’s lender pursuant to that certain Pledge Agreement between SG-Tower, LLC and PNC, National Association dated March 4, 2010. A transfer of such Common Shares without consent of PNC would be a violation of such Pledge Agreement.

 SCHEDULE 3.2(c) 

 SCHEDULE 3.2(d) 

Consents and Approvals 
 Certain
of the Preferred Shares owned by SG-Goodman, LLC are pledged to the Company’s lender pursuant to that certain Pledge Agreement between SG-Goodman, LLC and PNC, National Association dated June 24, 2009. A transfer of such Preferred Shares
without consent of PNC would be a violation of such Pledge Agreement. 
 Certain of the Common Shares owned by SG-Tower, LLC are pledged to the
Company’s lender pursuant to that certain Pledge Agreement between SG-Tower, LLC and PNC, National Association dated March 4, 2010. A transfer of such Common Shares without consent of PNC would be a violation of such Pledge Agreement.

 SCHEDULE 3.2(d) 

 SCHEDULE 3.2(e) 

Securities Ownership 
 Certain
of the Preferred Shares owned by SG-Goodman, LLC are pledged to the Company’s lender pursuant to that certain Pledge Agreement between SG-Goodman, LLC and PNC, National Association dated June 24, 2009. Such Preferred Shares must be
released from the pledge in order to be transferred free and clear of any restriction. 
 Certain of the Common Shares owned by SG-Tower, LLC
are pledged to the Company’s lender pursuant to that certain Pledge Agreement between SG-Tower, LLC and PNC, National Association dated March 4, 2010. Such Common Shares must be released from the pledge in order to be transferred free and
clean of any restriction. 
 SCHEDULE 3.2(e) 

 EXHIBIT A 
 Form of Mutual Release 
 EXHIBIT A

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