Document:

Registration Rights Agreement dated June 30, 2009

 Exhibit 10.4 
  
  
  
 REGISTRATION RIGHTS AGREEMENT 
 By and
between 
 FIFTH THIRD BANK, 
 ADVENT-KONG BLOCKER CORP., 
 JPDN ENTERPRISES, LLC, 
 FTPS PARTNERS, LLC 
 and 
 FTPS HOLDING, LLC 
  
  
 Dated as of June 30, 2009

  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	Page
	 Section 1.
	  	Certain Definitions.	  	1
			
	 Section 2.
	  	IPO Registration.	  	6
			
	 Section 3.
	  	Demand Registrations.	  	7
			
	 Section 4.
	  	Piggyback Registrations.	  	9
			
	 Section 5.
	  	Shelf Takedowns.	  	10
			
	 Section 6.
	  	Suspension Events; Black-out Periods.	  	11
			
	 Section 7.
	  	Lock-Up.	  	12
			
	 Section 8.
	  	Holdback Agreements.	  	12
			
	 Section 9.
	  	Registration Procedures.	  	12
			
	 Section 10.
	  	Registration Expenses.	  	17
			
	 Section 11.
	  	Registration Rights of Other Persons; Transfers of Rights.	  	17
			
	 Section 12.
	  	Indemnification.	  	18
			
	 Section 13.
	  	Participation in Underwritten Offerings.	  	20
			
	 Section 14.
	  	Securities Act Restrictions.	  	20
			
	 Section 15.
	  	Transfer of Interests in Event of IPO. 	  	21
			
	 Section 16.
	  	Miscellaneous.	  	21

  

 -i- 

 REGISTRATION RIGHTS AGREEMENT, dated June 30, 2009, among (i) Fifth Third Bank, a bank
chartered under the laws of the State of Ohio (“Fifth Third”), (ii) Advent-Kong Blocker Corp., a corporation organized under laws of the State of Delaware (“Advent”), (iii) JPDN Enterprises, LLC, a
Delaware limited liability company (“JPDN”), (iv) FTPS Partners, LLC, a limited liability company organized under the laws of the State of Delaware (“FTPS Partners”), and (v) FTPS Holding, LLC, a limited
liability company organized under the laws of the State of Delaware (the “Company”). 
 In consideration of the premises and
the mutual representations, warranties, covenants and undertakings contained in this Agreement, and for other good and valuable consideration, the parties hereto agree as follows: 
 Section 1. Certain Definitions. As used in this Agreement, the following terms have the meanings set forth below: 
 “Advent” has the meaning set forth in the Preamble. 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, such Person as of the date on which, or at any time
during the period for which, the determination of affiliation is being made. For purposes of this definition, the term “control” (including the correlative meanings of the terms “controlled by” and “under common control
with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of such Person, whether through the ownership of voting securities or by contract
or otherwise. 
 “Agreement” means this Registration Rights Agreement, including all amendments, modifications and
supplements in accordance with its terms, and any exhibits or schedules to any of the foregoing, and shall refer to this Registration Rights Agreement as the same may be in effect at the time such reference becomes operative. 
 “Beneficially Owns” means, with respect to any Person, the direct or indirect “beneficial ownership” by such Person of
securities, including securities beneficially owned by others with whom such Person has agreed to act together for the purpose of acquiring, holding, voting or disposing of such securities, as determined pursuant to Rule 13d-3 and
Rule 13d-5 under the Exchange Act; provided that, notwithstanding Rule 13d-3(d)(1)(i), a Person shall be deemed to Beneficially Own the securities that such Person has a right to acquire through the exercise of an option, warrant,
conversion or any other right, regardless of when such right is then exercisable; provided, further, that a Person shall not be deemed to Beneficially Own (i) securities tendered pursuant to a tender or exchange offer made by such
Person or any of such Person’s Affiliates until such tendered securities are accepted for payment, purchase or exchange and (ii) any security as a result of an oral or written agreement, arrangement or understanding to vote such security
if such agreement, arrangement or understanding: (a) arises solely from a revocable proxy given in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the applicable provisions of the Exchange Act and
(b) is not also then 

 
reportable by such Person on Schedule 13D under the Exchange Act (or any comparable or successor report). 
 “Chosen Courts” has the meaning set forth in Section 16(d). 
 “Class A Holder” means Advent and any other Person to whom Class A Units are transferred in accordance with Section 11(c), in
each case for so long as such Person Beneficially Owns any Class A Units. 
 “Class A Units” means (i) the
Class A Units of the Company, as defined in the LLC Agreement, (ii) common stock or other equity securities for which the Class A Units have been converted or exchanged of a successor corporation or other entity into which the Company
is converted or merged, (iii) the common stock or other equity securities of a corporation or other entity otherwise formed by the Company or the Holders for the purpose of offering securities to the public that are issued or issuable for the
Class A Units or the rights to receive, or the securities that are convertible into, or exchangeable or exercisable for, the common stock or other equity securities of a corporation or other entity otherwise formed by the Company or the Members
for the purpose of offering securities to the public that are issued or issuable for the Class A Units, (iv) the common stock or other equity securities of a Person that has control of the Company, a Subsidiary or other entity to which the
assets of the Company and/or the Subsidiaries have been transferred, in each case, whose securities the Company has determined to offer to the public and that are issued or issuable for the Class A Units, or (v) the Units for which the
Class A Units are exchangeable. 
 “Class B Holder” means Fifth Third, FTPS Partners and any other Person to whom Class
B Units are transferred in accordance with Section 11(c), in each case for so long as such Person Beneficially Owns any Class B Units. 
 “Class B Units” means (i) the Class B Units of the Company, as defined in the LLC Agreement, (ii) common stock or other equity securities for which the Class B Units have been converted or exchanged of a successor
corporation or other entity into which the Company is converted or merged, (iii) the common stock or other equity securities of a corporation or other entity otherwise formed by the Company or the Holders for the purpose of offering securities
to the public that are issued or issuable for the Class B Units or the rights to receive, or the securities that are convertible into, or exchangeable or exercisable for, the common stock or other equity securities of a corporation or other entity
otherwise formed by the Company or the Members for the purpose of offering securities to the public that are issued or issuable for the Class B Units, (iv) the common stock or other equity securities of a Person that has control of the Company,
a Subsidiary or other entity to which the assets of the Company and/or the Subsidiaries have been transferred, in each case, whose securities the Company has determined to offer to the public and that are issued or issuable for the Class B Units, or
(v) the Units for which the Class B Units are exchangeable. 
 “Class C Holder” means Fifth Third and any other Person
to whom Class C Units are transferred in accordance with Section 11(c), in each case for so long as such Person Beneficially Owns any Class C Units. 
  

 -2- 

 “Class C Units” means, as applicable, (a) prior to, and except in connection with,
an IPO, the Class C Non-Voting Units of the Company, or (b) upon and after the consummation of an IPO or in connection with an IPO, in each case, in which the Class B Units are offered, the Class B Units. 
 “Company” has the meaning set forth in the Preamble. 
 “Demand Request” has the meaning set forth in Section 3(a). 
 “Distribution” means a distribution made by the Company to a Holder pursuant to the LLC Agreement. 
 “JPDN” has the meaning set forth in the Preamble. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as amended, and the rules and regulations thereunder, as amended, or any successor federal statute, and the rules and regulations of the SEC thereunder, all as the same shall be in effect from time to time. 
 “Fifth Third” has the meaning set forth in the Preamble. 
 “FTPS Partners” has the meaning set forth in the Preamble. 
 “Government
Entity” means any federal, state, local or foreign government, governmental subdivision, administrative body or other governmental or quasi-governmental agency, tribunal, court or other entity with competent jurisdiction. 
 “Holder” means any Class A Holder, Class B Holder, Class C Holder, any holder of all or any portion of the Warrant or any other
Person that agrees in writing to be bound by this Agreement in the same capacity as the Person transferring Class A Units, Class B Units, Class C Units or all or any portion of the Warrant to such Person. 
 “Holder’s Counsel” has the meaning set forth in Section 9(a)(i). 
 “IPO” means the first Underwritten Offering of Units for cash pursuant to an effective Registration Statement under the Securities Act,
registered on Form S-1 (or any successor form). 
 “IPO Corp.” has the meaning set forth in Section 15. 
 “IPO Demand Request” has the meaning set forth in Section 2(b) 
 “IPO Notice” has the meaning set forth in Section 2(a). 
 “LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of the Company, dated the date hereof, among Fifth
Third, FTPS Partners, Advent and the Company, as the same may be amended from time to time in accordance with its terms. 
 “Lock-Up
Period” has the meaning set forth in Section 7(a). 
  

 -3- 

 “Member” has the meaning set forth in the LLC Agreement. 
 “Participating Holder” means, with respect to any Registration Statement or any offering registered on a Registration Statement, any
Holder all or a part of whose Registerable Securities are registered pursuant to such Registration Statement. 
 “Person”
means an individual, a corporation, a partnership, an association, a limited liability company, a joint venture, a Government Entity, a trust or other entity or organization. 
 “Prospectus” means the prospectus or prospectuses (whether preliminary or final) included in any Registration Statement, as amended or
supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registerable Securities covered by such Registration Statement and by all other amendments and supplements to the prospectus, including
post-effective amendments and all material incorporated by reference in such prospectus or prospectuses. 
 “Qualified IPO”
has the meaning set forth in Section 2(b). 
 “Quarterly Distributions” has the meaning set forth in the LLC Agreement.

 “Registerable Securities” means, with respect to any Person, Units issued or issuable to such Person, together with any
securities issued or issuable upon any stock split, stock dividend or other distribution or in connection with a combination of shares, recapitalization, merger, consolidation or similar event with respect to the foregoing, but excluding any and all
securities that at any time after the date hereof (a) have been sold pursuant to an effective Registration Statement or Rule 144 under the Securities Act, (b) have been sold in a transaction where a subsequent public distribution of such
securities would not require registration under the Securities Act, (c) have been issued but are no longer outstanding or (d) have been transferred in violation of Section 11 or the LLC Agreement (or any combination of clauses (a),
(b), (c) and (d) of this definition). 
 “Registration Expenses” has the meaning set forth in Section 10(a).

 “Registration Statement” means any registration statement of the Company that covers any of the Registerable Securities
pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all documents incorporated by reference in such registration
statement. 
 “SEC” means the United States Securities and Exchange Commission or any successor agency administering the
Securities Act. 
 “Securities Act” means the Securities Act of 1933, as amended, or any successor federal statute, and the
rules and regulations of the SEC thereunder, all as the same shall be in effect from time to time. 
 “Shelf Registration”
has the meaning set forth is Section 3(a). 
  

 -4- 

 “Shelf Takedown” has the meaning set forth is Section 5(a). 
 “Subsidiary” means any Person of which (i) a majority of the outstanding share capital, voting securities or other equity interests
are owned, directly or indirectly, by the Company and/or any other Subsidiary or (ii) the Company and/or any other Subsidiary is entitled, directly or indirectly, to appoint a majority of the Board of Directors or comparable body of such
Person. 
 “Suspension Event” has the meaning set forth in Section 6(a). 
 “Uncontrolled Event” has the meaning set forth in Section 6(a). 
 “Underwritten Offering” means a registered, public offering in which securities of the Company are sold to one or more underwriters on a
firm-commitment basis for reoffering to the public. 
 “Units” means the Class A Units, the Class B Units and the Class
C Units. 
 “Warrant” means the Warrant, dated the date hereof, between the Company and Fifth Third, as the same may be
amended from time to time in accordance with its terms, and any new warrants issued for all or any part of such Warrant. 
 “Withdrawn Registration” has the meaning set forth in Section 3(b). 
 In addition to the above definitions,
unless the express context otherwise requires: 
 (i) the words “hereof,” “herein” and
“hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement; 
 (ii) the terms defined in the singular have a comparable meaning when used in the plural, and vice versa; 
 (iii) the terms “Dollars” and “$” mean United States Dollars; 
 (iv) When calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to
this Agreement, the date that is the reference date in calculating such period is excluded. If the last day of such period is a non-business day, the period in question ends on the next succeeding business day. 
 (v) references herein to a specific Article, Section, Subsection or Schedule shall refer, respectively, to Articles, Sections, Subsections
or Schedules of this Agreement; 
 (vi) wherever the word “include,” “includes” or “including”
is used in this Agreement, it shall be deemed to be followed by the words “without limitation”; 
  

 -5- 

 (vii) references herein to any gender includes each other gender; and 
 (viii) it is the intention of the parties hereto that this Agreement not be construed more strictly with regard to one Party than with
regard to any other Party. 
 Section 2. IPO Registration. 
 (a) Company IPO. The Company shall provide written notice (the “IPO Notice”) to all Holders at least 10 days prior
to filing any Registration Statement in connection with an IPO by the Company. Each Holder, upon providing written notice to the Company no later than seven days following receipt of the IPO Notice and subject to the limitations in this
Section 2, shall have the right to include in such a Registration Statement as many Registerable Securities as such Holder requests to be included in such writing. The Company shall take all steps necessary to effect the registration of all
Registerable Securities requested by all Holders in such Registration Statement, provided that the Company shall have the right to postpone or withdraw the filing of any such Registration Statement on account of a Suspension Event. 
 (b) IPO Demand Request. On or after the third anniversary of the date of this Agreement, if the Company has not consummated an IPO,
each of (i) the Holders holding a majority of the Class A Units and (ii) the Holders holding a majority of the Class B Units shall each have the right, upon written request (an “IPO Demand Request”), to cause the
Company, any successor corporation or other entity into which the Company is converted or any other entity that the Company determines to form in accordance with the terms of the LLC Agreement for the purpose of consummating an IPO to file a
Registration Statement under the Securities Act with respect to all or a portion of such Holders’ Registerable Securities, subject to the limitations of this Section 2, and to use its commercially reasonable efforts to cause such
Registration Statement to become effective and to distribute such Units in a Qualified IPO. “Qualified IPO” means an IPO generating proceeds (including, for purposes of calculating the amount of such proceeds, the aggregate amount
of any Distributions (other than Quarterly Distributions) made to the Holders to and until the date of the filing of the Registration Statement with respect to the IPO, with the value of any non-cash Distributions being calculated in good faith by
the Board of Directors (or successor governing body) of the Company), before deducting underwriting commissions, at a per Unit price (subject to adjustment for any combination, recapitalization, splits, reclassification, merger, consolidation or
similar transaction occurring after the date hereof) of no less than $22.00 per Unit. 
 (c) Priority on IPO
Registrations. If, in conjunction with an IPO, the managing underwriters advise the Company that, in their opinion, the number of Registerable Securities proposed to be included in the IPO exceeds the number of Registerable Securities that can
be sold in the IPO without materially delaying or jeopardizing the success of the IPO (including the price per share of the Units proposed to be sold in such IPO), the Company shall include in the IPO: (i) first, up to the number of
Registerable Securities to be issued and sold by the Company in such IPO, if any, (ii) second, all Registerable Securities requested to be included by each of Advent, Fifth Third and FTPS Partners on a pro rata basis based on the number
of Registerable Securities 

  

 -6- 

 
Beneficially Owned by each of Advent, Fifth Third and FTPS Partners, respectively, (iii) third, all Registerable Securities requested to be included by
JPDN, and (iv) fourth, all Registerable Securities requested to be included by all holders other than Advent, JPDN, Fifth Third and FTPS Partners that have elected to participate in such IPO on a pro rata basis based on the number of
Registerable Securities Beneficially Owned by each such Holder. 
 Section 3. Demand Registrations. 
 (a) Right to Request Registration. Subject to the restrictions of this Section 3, at any time after an IPO, each of
(x) the Holders of a majority of the Class A Units and (b) the Holders of a majority of the Class B Units may request in writing (each such request, a “Demand Request”) that the Company effect a registration for
resale under the Securities Act of all or part of such Holders’ Registerable Securities either (i) on Form S-1 or any similar long-form Registration Statement or (ii) if the Company is then eligible, on Form S-3 or any similar
short-form Registration Statement, including for offerings to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (such a Registration Statement for offerings to be made on Form S-3 pursuant to Rule 415, a
“Shelf Registration”). The Company shall use commercially reasonable efforts to (i) file such a Registration Statement within 90 days (in the case of a Form S-1) or within 45 days (in the case of a Form S-3) after receiving the
Demand Request and (ii) cause such Registration Statement to be declared effective by the SEC as soon as practicable thereafter; provided that the Company shall have the right to postpone or withdraw the filing of any such Registration
Statement on account of a Suspension Event. The Company may satisfy its obligation to effect a registration upon a Demand Request by amending a previously filed Shelf Registration. 
 (b) Number of Demand Requests. Each of the Class A Holders, on the one hand, and the Class B Holders, on the other hand, may
make a maximum of two Demand Requests for registration on Form S-1 or other long-form Registration Statement and, subject to Section 3(c), an unlimited number of Demand Requests for registration on Form S-3 or other short-form Registration
Statement. If the Company withdraws pursuant to Section 6(a) any Registration Statement filed pursuant to a Demand Request before the end of the 60-day period of effectiveness provided for in Section 3(f) and before 80% of the Registerable
Securities covered by such Demand Request have been sold pursuant thereto (a “Withdrawn Registration”), the Holders of Registerable Securities remaining unsold and originally covered by such Withdrawn Registration shall be entitled
to a replacement Demand Request with respect to such Registerable Securities, which replacement Demand Request shall be subject to all of the provisions of this Agreement. 
 (c) Restrictions on Demand Requests. The Company shall not be required to give effect to a Demand Request if: (i) the Company
has registered Registerable Securities pursuant to an IPO Demand Request or a Demand Request in the preceding 90 days, (ii) the Company has previously registered any Registerable Securities pursuant to an IPO Demand Request and/or Demand
Request twice during the calendar year in which such Demand Request is made, (iii) the Company has registered its Registerable Securities during the preceding 90 days (other than in relation to a merger, combination or employee 

  

 -7- 

 
stock plan) or (iv) the Registerable Securities requested to be registered do not have in the aggregate a market value of at least $75 million. A Demand
Request shall not count for the purposes of determining when the Company may refuse to give effect to another Demand Request pursuant to Section 3(b) or this Section 3(c) if (i) the Registration Statement has not been declared
effective by the SEC or does not become effective in accordance with the Securities Act, other than by reason of the withdrawal of such Demand Request after the filing of the Registration Statement, (ii) after becoming effective, the
Registration Statement or the applicable offer, sale or distribution of Registerable Securities is materially interfered with by any stop order, injunction or similar order or requirement of the SEC or other Government Entity for any reason not
attributable to the Holder(s) making such Demand Request, and does not within 45 days thereafter become effective, (iii) the Holder(s) making such Demand Request shall have withdrawn such Demand Request or otherwise determined not to pursue
such registration prior to the filing of the Registration Statement, (iv) if the Holders of Registerable Securities are entitled to a replacement Demand Request pursuant to Section 3(b) or (v) the conditions specified in the
underwriting agreement related to the offering, if any, are not satisfied due to a breach by the Company of its covenants, representations or warranties under this Agreement and such unsatisfied conditions are not waived. 
 (d) Priority on Demand Registrations. If, in conjunction with a Registration Statement filed pursuant to a Demand Request conducted
as an Underwritten Offering, the managing underwriters advise the Company that, in their opinion, the number of Registerable Securities proposed to be included in an Underwritten Offering in connection with such Registration Statement exceeds the
number of Registerable Securities that can be sold in such offering without materially delaying or jeopardizing the success of such offering (including the price per share of the Units proposed to be sold in such offering), the Company shall include
in such offering: (i) first, all Registerable Securities requested to be included by each of Advent, Fifth Third and FTPS Partners on a pro rata basis based on the number of Registerable Securities Beneficially Owned by Advent, Fifth
Third and FTPS Partners, respectively, (ii) second, all Registerable Securities requested to be included by JPDN, (iii) third, all Registerable Securities requested to be included by all holders other than Advent, JPDN, Fifth Third and
FTPS Partners on a pro rata basis based on the number of Registerable Securities Beneficially Owned by each such holder and (iv) fourth, up to the number of Registerable Securities to be issued and sold by the Company in such offering,
if any. 
 (e) Underwriting Requests. Any Demand Request for registration on Form S-1 or other long-form Registration
Statement must be for an Underwritten Offering. Upon such Demand Request, the Company shall have the right to select the underwriters and the managing underwriter (each shall be of recognized national standing) with the consent of the initiating
Holder (by a majority of the class of Registerable Securities that is being registered by such initiating Holder), which consent shall not be unreasonably withheld. 
 (f) Effective Period of Registration Statements Pursuant to Demand Requests. Upon the date of effectiveness of any Registration
Statement filed pursuant to a Demand Request for an Underwritten Offering (other than a Shelf Registration), if such 

  

 -8- 

 
offering is priced promptly on or after such date, the Company shall use commercially reasonable efforts to keep such Registration Statement effective for a
period equal to 60 days from such date (or if such Registration Statement is not effective for any period within such 60 days, such 60-day period shall be extended by the number of days during such period when such Registration Statement is not
effective) or such shorter period that will terminate when all of the Registerable Securities covered by such Demand Request have been sold. 
 Section 4. Piggyback Registrations. 
 (a) Right to Piggyback. If, at any time after an IPO,
(i) the Company proposes to file a Registration Statement (whether or not for sale for its own account) other than in connection with an IPO, (ii) the Company proposes to effect a Shelf Takedown from an already effective Shelf Registration
of its equity securities or securities convertible into equity securities or (iii) a Demand Request is made to which the Company is required to give effect pursuant to Section 3, the Company shall provide written notice to all Holders of
such proposal or Demand Request within 20 days thereof and in any event at least 30 days prior to filing a Registration Statement pursuant to such proposal or Demand Request. Subject to the restrictions of this Section 4, each Holder shall have
the right to include in such Registration Statement such number of Registerable Securities as such Holder requests, provided that the Company shall have the right to postpone or withdraw the filing of any such Registration Statement or Shelf
Takedown as provided by this Agreement. 
 (b) Priority on Piggyback Registrations. 
 (i) Priority on Primary Piggyback Registrations. If the Company registers Registerable Securities pursuant to clauses (i) or
(ii) of Section 4(a) and the managing underwriters advise the Company that, in their opinion, the number of Registerable Securities proposed to be included in an Underwritten Offering in connection with such Registration Statement exceeds
the number of Registerable Securities that can be sold in such offering without materially delaying or jeopardizing the success of such offering (including the price per share of the Units proposed to be sold in such offering), the Company shall
include in such offering: (i) first, up to the number of Registerable Securities to be issued and sold by the Company in such offering, if any, (ii) second, all Registerable Securities requested to be included by each of Advent, Fifth
Third and FTPS Partners, as applicable, on a pro rata basis determined based on the number of Registerable Securities Beneficially Owned by each of Advent, Fifth Third and FTPS Partners, respectively, (iii) third, all Registerable
Securities requested to be included by JPDN, and (iv) fourth, all Registerable Securities requested to be included by all holders other than Advent, JPDN, Fifth Third and FTPS Partners on a pro rata basis based on the number of
Registerable Securities Beneficially Owned by each such holder. 
 (ii) Priority on Secondary Piggyback Registrations.
If the Company registers Registerable Securities for any Holder pursuant to clause (iii) of Section 4(a) and the managing underwriters advise the Company that, in their opinion, the number of Registerable Securities proposed to be included
in an Underwritten Offering in 

  

 -9- 

 
connection with such Registration Statement exceeds the number of Registerable Securities that can be sold in such offering without materially delaying or
jeopardizing the success of such offering (including the price per share of the Units proposed to be sold in such offering), the Company shall include in such offering: (i) first, all Registerable Securities requested to be included by each of
Advent, Fifth Third and FTPS Partners on a pro rata basis determined based on the number of Registerable Securities Beneficially Owned by Advent, Fifth Third and FTPS Partners respectively, (ii) second, all Registerable Securities
requested to be included by JPDN, (iii) third, all Registerable Securities requested to be included by all holders other than Advent, JPDN, Fifth Third and FTPS Partners on a pro rata basis based on the number of Registerable Securities
Beneficially Owned by each such holder and (iv) fourth, up to the number of Units to be issued and sold by the Company in such offering, if any. 
 Section 5. Shelf Takedowns. 
 (a) Right to Effect a Shelf Takedown. Holders holding
Registerable Securities registered pursuant to a Shelf Registration shall be entitled, at any time and from time to time when the Shelf Registration is effective, to sell such Registerable Securities as are then registered pursuant to such Shelf
Registration (each, a “Shelf Takedown”), but only upon not less than three days’ prior written notice to the Company (whether or not such takedown is underwritten). No prior notice shall be required of any sale pursuant to a
plan that complies with Rule 10b5-1 under the Exchange Act, provided that the Company has received a written copy of such plan in advance of the first sale thereunder. Holders holding Registerable Securities registered pursuant to a Shelf
Registration shall each be entitled to request that a Shelf Takedown be an Underwritten Offering if, based on the then-current market prices, the number of Registerable Securities included in such Underwritten Offering would yield gross proceeds to
all Participating Holders of at least $75 million. Holders participating in the Shelf Takedown shall not be entitled to request that a Shelf Takedown be part of an Underwritten Offering within 30 days after the pricing date of any other
Underwritten Offering effected pursuant to a Demand Request or Section 4(a). Holder(s) shall give the Company prompt written notice of the consummation of a Shelf Takedown, whether or not part of an Underwritten Offering. Nothing in this
Section 5(a) shall affect, supersede or otherwise modify any of the restrictions on transfer of Units set forth in the LLC Agreement. 
 (b) Priority on Underwritten Shelf Takedowns. If, in conjunction with a Shelf Takedown conducted as an Underwritten Offering, the managing underwriters advise the Company that, in their opinion, the number of
Registerable Securities proposed to be included in an Underwritten Offering in connection with such Shelf Takedown exceeds the number of Registerable Securities that can be sold in such offering without materially delaying or jeopardizing the
success of such offering (including the price per share of the Units proposed to be sold in such offering), the Company shall include in such offering: (i) first, all Registerable Securities requested to be included by each of Advent, Fifth
Third and FTPS Partners on a pro rata basis based on the number of Registerable Securities Beneficially Owned by Advent, Fifth Third and FTPS Partners, respectively, (ii) second, all Registerable Securities requested to be included by
JPDN, (iii) third, all Registerable Securities requested to be included by all holders other than Advent, JPDN, 

  

 -10- 

 
Fifth Third and FTPS Partners on a pro rata basis based on the number of Registerable Securities Beneficially Owned by each such holder and
(iv) fourth, up to the number of Registerable Securities to be issued and sold by the Company in such offering, if any. 
 (c) Selection of Underwriters. If any of the Registerable Securities are to be sold in a Shelf Takedown that is conducted as an Underwritten Offering, the Company shall have the right to select the underwriters and the managing
underwriter (each shall be of recognized national standing) with the consent of the initiating Holder (by a majority of the class of Registerable Securities that is being registered by such initiating Holder), which consent shall not be unreasonably
withheld. 
 (d) Effective Period of Shelf Registrations. The Company shall use commercially reasonable efforts to keep
any Shelf Registration effective for a period of one year after the effective date of such Registration Statement (or if such Registration Statement is not effective for any period within such year, such one-year period shall be extended by the
number of days during such period when such Registration Statement is not effective). 
 Section 6. Suspension Events; Black-out
Periods. 
 (a) Suspension Events. The Company may delay the requested filing or effectiveness of a Registration
Statement in conjunction with a Demand Request, for a period of up to 90 days from the date of such Demand Request, or withdraw any Registration Statement that has been filed, if at the time that such Demand Request is made (i) the Company
engages or plans to engage in a registered offering as to which the Holders may include all of their Registerable Securities subject to such Demand Request and the Company has taken substantial steps (including selecting a managing underwriter,
which shall be of recognized national standing, for such offering) and is proceeding with reasonable diligence to effect such offering, (ii) the Company reasonably and in good faith determines that the registration and distribution of
Registerable Securities resulting from such Demand Request would materially and adversely interfere with any planned or proposed business combination transaction involving the Company, or any planned or pending financing, acquisition, corporate
reorganization or any other corporate development involving the Company or any Subsidiaries or (iii) following the exercise of such Demand Request but before the effectiveness of the applicable Registration Statement, (A) a business
combination, tender offer, acquisition or other corporate event involving the Company is proposed, initiated or announced by another Person beyond the control of the Company (an “Uncontrolled Event”) or (B) in the reasonable
and good faith determination of the Company, the filing or seeking of the effectiveness of such Registration Statement would materially and adversely interfere with such Uncontrolled Event or would otherwise materially and adversely affect the
Company (each of the events listed in subparts (i)-(iii) of this Section 6(a), a “Suspension Event”). The Company may not exercise its right under this Section 6(a) to delay or withdraw a Demand Request more than
twice in a calendar year. The Company shall provide prompt written notice to the Holder making the Demand Request of any Suspension Event and any withdrawal of a Registration Statement pursuant to this Section 6(a). 
  

 -11- 

 (b) Black-out Periods. Following the effectiveness of a Registration Statement,
the Participating Holder(s) will not effect any sales of Units pursuant to such Registration Statement at any time after they have received notice from the Company to suspend sales (i) as a result of a Suspension Event or (ii) so that the
Company may correct or update the Registration Statement, which correction shall be promptly made. Participating Holder(s) may recommence effecting sales of Units pursuant to the Registration Statement following further notice to such effect from
the Company, which notice shall be given promptly after the conclusion or completion of any such Suspension Event, correction or update. 
 Section 7. Lock-Up. 
 (a) Subject to the provisions of this Section 7, no Holder shall sell or otherwise
transfer or dispose of any Units pursuant to a public offering, a private placement, Rule 144 or otherwise for a period of time (the “Lock-Up Period”) if the Company has filed a Registration Statement in respect of an Underwritten
Offering of the Company’s equity securities and the managing underwriter determines that such sales by such Persons would materially adversely affect such offering. 
 (b) The Lock-Up Period shall not begin more than seven days before the date on which the Registration Statement is estimated in good faith
by the Company to become effective, and shall not extend beyond (i) 180 days following such effectiveness in connection with an IPO or (ii) 90 days following such effectiveness in connection with any offering occurring after the IPO.

 (c) Section 7(a) shall not apply to any Holder unless the Company’s directors and officers and all Holders of
over 1% of the Registerable Securities of the Company agree to adhere to the Lock-Up Period specified in this Section 7. 
 (d) Any discretionary waiver or termination of the requirements under this Section 7 made by the managing underwriter of an Underwritten Offering shall apply to each Holder of Registerable Securities on a pro rata basis in
accordance with the number of Registerable Securities Beneficially Owned immediately before such Underwritten Offering. 
 Section 8.
Holdback Agreements. The Company agrees not to effect any sale or distribution of any of its equity securities during the seven days prior to and during the 90 days beginning on the effective date of any Underwritten Offering pursuant to a
Shelf Takedown, an IPO Demand Request or a Demand Request (except as part of any such Underwritten Offering or pursuant to registrations on Form S-8 or S-4 or any successor forms thereto) unless the underwriters managing such Underwritten Offering
otherwise agree to a shorter period. 
 Section 9. Registration Procedures. 
 (a) Whenever any Holder requests that any Registerable Securities be registered pursuant to this Agreement, the Company shall use
reasonable best efforts to effect, as soon as practical as provided herein, the registration and the sale of such 

  

 -12- 

 
Registerable Securities in accordance with the intended methods of disposition thereof, and, pursuant thereto, the Company shall, as soon as practical as
provided herein: 
 (i) subject to the other provisions of this Agreement, use reasonable best efforts to prepare and file
with the SEC a Registration Statement with respect to such Registerable Securities and cause such Registration Statement to become effective (unless it is automatically effective upon filing); and before filing a Registration Statement or Prospectus
or any amendments or supplements thereto, furnish to all Participating Holder(s) and the underwriters or other distributors, if any, copies of all such documents proposed to be filed, including documents incorporated by reference in the Prospectus
and, if requested by any Participating Holder, one set of the exhibits incorporated by reference, and all Participating Holder(s) and one counsel selected by Participating Holders holding a majority of the Class A Units registered on such
Registration Statement, on the one hand, and one counsel selected by Participating Holders holding a majority of the Class B Units registered on such Registration Statement, on the other hand (each, a “Holder’s Counsel”), shall
have three (3) business days to review and comment on the Registration Statement and each such Prospectus (and each amendment or supplement thereto) before it is filed with the SEC, and each Participating Holder shall have the opportunity to
object to any information pertaining to such Participating Holder that is contained therein within three (3) business days of receipt of the documents proposed to be filed, and the Company will make the corrections reasonably requested by the
Participating Holder(s) with respect to such information prior to filing any Registration Statement or Prospectus or any amendment or supplement thereto; 
 (ii) use reasonable best efforts to prepare and file with the SEC such amendments and supplements to such Registration Statement and the Prospectus used in connection therewith as may be necessary to comply with the
applicable requirements of the Securities Act and to keep such Registration Statement effective for the relevant period required hereunder, but in any case (other than a Shelf Registration) no longer than is necessary to complete the distribution of
Registerable Securities covered by such Registration Statement, and to comply with the applicable requirements of the Securities Act with respect to the disposition of all Registerable Securities covered by such Registration Statement during such
period in accordance with the intended methods of disposition set forth in such Registration Statement; 
 (iii) use
reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration Statement, or the lifting of any suspension of the qualification or exemption from qualification of any Registerable Securities for sale
in any jurisdiction in the United States; 
 (iv) furnish to all Participating Holders and each managing underwriter, if any,
without charge, conformed copies of each Registration Statement and amendment thereto and copies of each supplement thereto promptly after they are filed with the SEC (but only one set of exhibits thereto need be provided); and deliver, without
charge, to such Persons such number of copies of the preliminary and final Prospectus and any supplement thereto as the Participating Holder(s) may reasonably request in order to 

  

 -13- 

 
facilitate the disposition of the Registerable Securities covered by such Registration Statement in conformity with the requirements of the Securities Act;

 (v) use commercially reasonable efforts to register or qualify such Registerable Securities under such other securities or
blue sky laws of such U.S. jurisdictions as the Participating Holder(s) reasonably request and continue such registration or qualification in effect in such jurisdictions for as long as the applicable Registration Statement may be required to be
kept effective under this Agreement (provided that the Company will 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 (v),
(B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process in any such jurisdiction); 
 (vi) notify each Participating Holder and each distributor of such Registerable Securities, at any time when a Prospectus relating thereto is required under the Securities Act to be delivered by such distributor, of
the occurrence 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 a material fact necessary to make the statements therein not misleading, and, at the
request of any Participating Holder, the Company shall use reasonable best efforts to prepare, as soon as practical, a supplement or amendment to such Prospectus so that, as thereafter delivered to the purchasers of such Registerable Securities,
such Prospectus shall not contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading; 
 (vii) in the case of an Underwritten Offering, enter into an underwriting agreement containing such provisions (including provisions for
indemnification, lockups, opinions of counsel and comfort letters) as are customary and reasonable for an offering of such kind, and take all such other customary and reasonable actions as the managing underwriters of such offering may request in
order to facilitate the disposition of such Registerable Securities (including making members of senior management of the Company available to participate in “road-show” and other customary marketing activities); 
 (viii) in the case of an Underwritten Offering, and to the extent not prohibited by applicable law or pre-existing applicable contractual
restrictions, (A) make reasonably available, for inspection by the Participating Holder(s), Holder’s Counsel, the managing underwriters of such offering and one attorney (and one accountant) for such managing underwriter, pertinent
corporate documents and financial and other records of the Company and the Subsidiaries and controlled Affiliates, (B) cause the Company’s officers and employees to supply information reasonably requested by the Participating Holder(s) or
such managing underwriters or attorney in connection with such offering and (C) make the Company’s independent accountants available for any such managing underwriters’ due diligence; provided, however, that such records
and other information shall be subject to such confidential treatment as is customary for underwriters’ due diligence reviews; and provided, further, that, unless the disclosure of such records is necessary to avoid or correct a
misstatement or omission in the 

  

 -14- 

 
Registration Statement or otherwise to comply with federal securities laws or the release of such records is ordered pursuant to a subpoena or other order
from a court of competent jurisdiction, the Company shall not be required to provide any information under this subparagraph (viii) if (1) the Company believes, after consultation with counsel for the Company, that to do so would cause the
Company to forfeit an attorney-client privilege that was applicable to such information or (2) if either (x) the Company has requested and been granted from the SEC confidential treatment of such information contained in any filing with
the SEC or documents provided supplementally or otherwise or (y) the Company reasonably determines in good faith that such records are confidential and so notifies the Persons requesting the records in writing unless prior to furnishing any
such information with respect to (1) or (2) such Person requesting such information agrees to enter into a confidentiality agreement in customary form and subject to customary exceptions; and provided, further, that each such
Person agrees that it will, upon learning that disclosure of such records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company, at its expense, to undertake appropriate action and to prevent disclosure of
the records deemed confidential; 
 (ix) use reasonable best efforts to cause all such Registerable Securities to be listed on
each securities exchange (if any) on which similar securities of the same class issued by the Company are then listed; 
 (x)
provide a transfer agent and registrar for all such Registerable Securities not later than the effective date of such Registration Statement and, a reasonable time before any proposed sale of Registerable Securities pursuant to a Registration
Statement, provide the transfer agent with printed certificates for the Registerable Securities to be sold; 
 (xi) make
generally available to its security holders a consolidated earnings statement (which need not be audited) for a period of 12 months beginning after the effective date of the Registration Statement as soon as reasonably practicable after the end
of such period, which earnings statement shall satisfy the requirements of an earnings statement under Section 11(a) of the Securities Act and Rule 158 thereunder, and which requirement will be deemed to be satisfied if the Company timely files
complete and accurate information on Forms 10-Q, 10-K and 8-K under the Exchange Act; and 
 (xii) as promptly as practicable
notify the Participating Holder(s) and the managing underwriters of any Underwritten Offering, if any: 
 (1) when the
Registration Statement, any pre-effective amendment, the Prospectus or any Prospectus supplement or any post-effective amendment to the Registration Statement has been filed and, with respect to the Registration Statement or any post-effective
amendment, when the same has become effective; 
  

 -15- 

 (2) of any request by the SEC for amendments or supplements to the Registration Statement
or the Prospectus or for any additional information regarding any Participating Holder; 
 (3) of the notification to the
Company by the SEC of its initiation of any proceeding with respect to the issuance by the SEC of any stop order suspending the effectiveness of the Registration Statement; and 
 (4) of the receipt by the Company of any notification with respect to the suspension of the qualification of any Registerable Securities
for sale under the applicable securities or blue sky laws of any jurisdiction; and 
 keep Holder’s Counsel reasonably apprised as to the
intention and progress of the Company with respect to any Registration Statement hereunder, including by providing Holder’s Counsel with copies of all written correspondence with the SEC in connection with any Registration Statement or
Prospectus filed hereunder. 
 (b) The Company shall ensure that (i) no Registration Statement (including any amendments
thereto) shall contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein not misleading, and (ii) no Prospectus (including any supplements
thereto) shall contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, in each case, except for any untrue
statement or alleged untrue statement of a material fact or omission or alleged omission of a material fact made in reliance on and in conformity with written information furnished to the Company by or on behalf of the Holder(s) or any underwriter
or other distributor specifically for use therein. 
 (c) At all times after the Company has filed a Registration Statement
with the SEC pursuant to the requirements of the Securities Act, the Company shall use reasonable best efforts to continuously maintain in effect the Registration Statement for the relevant period required hereunder under Section 12 of the
Exchange Act, and to use reasonable best efforts to file all reports required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder, all to the extent required to enable the
Holder(s) to be eligible to sell Registerable Securities pursuant to Rule 144 under the Securities Act. 
 (d) The
Company may require the Participating Holder(s) and each distributor of Registerable Securities as to which any registration is being effected to furnish to the Company any other information regarding such Person and the distribution of such
securities as the Company may from time to time reasonably request. 
 (e) The Company may prepare and deliver an issuer
free-writing prospectus (as such term is defined in Rule 405 under the Securities Act) in lieu of any supplement to a prospectus, and references herein to any “supplement” to a Prospectus shall include any such issuer free-writing
prospectus. Neither any Participating Holder nor any other seller 

  

 -16- 

 
of Registerable Securities may use a free-writing prospectus to offer or sell any such shares without the Company’s prior written consent. 

(f) It is understood and agreed that any failure of the Company to file a Registration Statement or any amendment or supplement thereto
or to cause any such document to become or remain effective or usable within or for any particular period of time as provided in this Agreement, due to reasons that are not reasonably within its control, or due to any refusal of the SEC to permit a
Registration Statement or prospectus to become or remain effective or to be used because of unresolved SEC comments thereon (or on any documents incorporated therein by reference) despite the Company’s good faith and diligent efforts to resolve
those comments, shall not be a breach of this Agreement. However, neither shall any such failure relieve the Company of its obligations hereunder to use reasonable best efforts to remedy such failure. 
 Section 10. Registration Expenses. 
 (a) The Company shall pay all customary fees and expenses incident to the Company’s performance of or compliance with this Agreement, including all registration and filing fees, fees and expenses of compliance
with securities or blue sky laws, Financial Industry Regulatory Authority fees, exchange listing fees, printing expenses, transfer agent’s and registrar’s fees, cost of distributing Prospectuses in preliminary and final form as well as any
supplements thereto, and all fees and disbursements of one counsel for all Class A Holders participating in the offering, one counsel for all Class B Holders participating in the offering, one counsel for all Class C Holders participating in
the offering so long as the Class C Holder holding a majority of Class C Units included in the offering is not the Class B Holder holding a majority of the Class B Units included in the offering, counsel for the Company and all independent certified
public accountants and other Persons retained by the Company; provided that Registration Expenses shall not include any underwriting discounts or commissions attributable to the sale of Units (collectively, “Registration
Expenses”). All underwriting discounts and commissions attributable to the sale of Units shall be paid by the Holder(s) of the relevant Units. 
 (b) The obligation of the Company to pay all Registration Expenses shall apply irrespective of whether a registration, once properly demanded or requested, if applicable, becomes effective, is withdrawn or suspended,
is converted to another form of registration and irrespective of when any of the foregoing shall occur; provided however, that Registration Expenses for any Registration Statement withdrawn solely at the request of the Participating Holders
(unless withdrawn following commencement of a Suspension Period) shall be borne by such Participating Holders. 
 Section 11. Registration
Rights of Other Persons; Transfers of Rights. 
 (a) Superior Registration Rights. The Company shall not grant to
any Person with respect to any equity securities of the Company, or any securities convertible into or exchangeable or exercisable for any equity securities of the Company, registration rights that have terms more favorable than the registration
rights granted to Fifth Third, 

  

 -17- 

 
FTPS Partners and Advent in this Agreement unless similar rights are granted to Fifth Third, FTPS Partners and Advent. 
 (b) Subsequent Registration Rights. The Company shall not grant to any Person registration rights unless the rights are consistent
with the provisions of this Agreement. The Company shall not grant to any Person the right to request the Company to register any securities other than securities of the same class as the Registerable Securities being registered pursuant to a Demand
Request. 
 (c) Transfers by Holders. The Class A Holders, Class B Holders and Class C Holders can transfer their
rights under this Agreement only in connection with a transfer of Units (or, in the case of Fifth Third, the transfer of all or any portion of the Warrant) and only if (i) the transfer of such Units is permitted under and in accordance with the
LLC Agreement and, if applicable, the transfer of the Warrant is permitted under and in accordance with the Warrant and (ii) the transferee agrees in writing to be bound by this Agreement in the same capacity as the transferor (and, for the
sake of clarity, such transferee shall be entitled to all rights of such transferor) with respect to such transferred Units. This Section 11(c) shall apply to all future permitted transfers of the Units. 
 Section 12. Indemnification. 
 (a) Indemnification by the Company. The Company shall indemnify, to the fullest extent permitted by law, each Holder, its Affiliates and each Person who controls such Holder (within the meaning of the Securities Act) and their
respective officers and directors against all losses, claims, damages, liabilities and expenses arising out of or based upon any untrue or alleged untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary
Prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading or any violation or alleged violation by the
Company of the Securities Act, the Exchange Act or applicable “blue sky” laws, except insofar as the same (i) are made in reliance and in conformity with information relating to such Holder furnished in writing to the Company
by such Holder expressly for use therein or (ii) are caused by such Holder’s failure to deliver to such Holder’s immediate purchaser a copy of the Registration Statement or Prospectus or any amendments or supplements thereto (if the
same was required by applicable law to be so delivered) after the Company has furnished such Holder with a sufficient number of copies of the same. In connection with an Underwritten Offering, the Company shall indemnify such underwriters, each
Person who controls such underwriters (within the meaning of the Securities Act) and their respective officers and directors to the same extent as provided above with respect to the indemnification of the Holders. 
 (b) Indemnification by the Holders. In connection with any Registration Statement in which there are Participating Holders, each
such Participating 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 shall indemnify, severally and not jointly, to the
fullest extent permitted by law, the Company, its Affiliates and each Person who controls the Company (within the meaning of the 

  

 -18- 

 
Securities Act) and their respective officers and directors against all losses, claims, damages, liabilities and expenses arising out of or based upon 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 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 the same are made in reliance and in conformity with information relating to such Holder furnished in writing to the Company by such Holder
expressly for use therein or caused by such Holder’s failure to deliver to such Holder’s immediate purchaser a copy of the Registration Statement or Prospectus or any amendments or supplements thereto (if the same was required by
applicable law to be so delivered) after the Company has furnished such Holder with a sufficient number of copies of the same; provided, however, that the liability of each such Holder shall be in proportion to and limited to the net
amount received by such Holder from the sale of Registerable Securities pursuant to such Registration Statement. The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or
on behalf of the indemnified Person or any officer, director or controlling Person of such indemnified Person and shall survive the transfer of securities. 
 (c) Indemnification Procedures. 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
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 (so long as such
consent is not withheld unreasonably). 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 for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party there may be one or more legal or equitable defenses available to such indemnified party that are in addition to or may conflict with those
available to another indemnified party with respect to such claim. Failure to give prompt written notice shall not release the indemnifying party from its obligations hereunder except to the extent such party is materially prejudiced thereby.

 (d) Contribution. If the indemnification provided for, in, or pursuant to, this Section 12 is due in accordance
with the terms hereof but is held by a court to be unavailable or unenforceable in respect of any losses, claims, damages, liabilities or expenses referred to herein (except, for purposes of clarity, any exclusions to indemnification expressly
provided for in Section 12(a) or (b)), then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims,
damages, liabilities or expenses 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, in connection with the statements or omissions that result in
such losses, claims, 

  

 -19- 

 
damages, liabilities or expenses as well as any other relevant equitable considerations; provided that no Holder shall be required to contribute more
than its pro rata share of any such contribution. The relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other, shall be determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party, and by such party’s relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. In no event shall the liability of any selling Holder be greater in amount than the amount of net proceeds received by such Holder upon such sale or the amount for which
such indemnifying party would have been obligated to pay by way of indemnification if the indemnification provided for under Section 12(a) or 12(b) had been available under the circumstances. 
 Section 13. Participation in Underwritten Offerings. No Person (including the Holders) may participate in any Underwritten Offering pursuant to a
registration effected hereunder unless such Person (a) agrees to sell such Person’s Registerable Securities on the basis provided in any underwriting arrangements approved by the Holder(s) selecting the underwriter for such Underwritten
Offering pursuant to this Agreement (by a majority of the class of Registerable Securities that is being registered by such initiating Holder), in the case of any Underwritten Offering pursuant to a Demand Request or Shelf Takedown, or by the
Company, in any other case and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements, lock-ups and other documents reasonably required under the terms of such underwriting arrangements.

 Section 14. Securities Act Restrictions. The Registerable Securities are restricted securities under the Securities Act and may not
be offered or sold except pursuant to an effective Registration Statement or an available exemption from registration under the Securities Act. Accordingly, the Holders shall not, directly or through others, offer or sell any Registerable Securities
except pursuant to a Registration Statement as contemplated herein or pursuant to Rule 144 or another exemption from registration under the Securities Act, if available. Prior to any transfer of Registerable Securities other than pursuant to an
effective Registration Statement, the Holder seeking to transfer Registerable Securities shall notify the Company of such transfer and the Company may require the Holder to provide, prior to such transfer, such evidence that the transfer will comply
with the Securities Act (including written representations or an opinion of counsel) as the Company may reasonably request. The Company may impose stop-transfer instructions with respect to any Registerable Securities that are to be transferred in
contravention of this Agreement. Any certificates representing the Registerable Securities may bear a legend (and the Company’s share registry may bear a notation) referencing the restrictions on transfer contained in this Agreement, until such
time as such securities have ceased to be, or are to be transferred in a manner that results in their ceasing to be, Registerable Securities. The legend will be in substantially the following form: 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY OTHER
APPLICABLE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE 

  

 -20- 

 
TRANSFERRED AT ANY TIME WITHOUT EFFECTIVE REGISTRATION UNDER SUCH ACT AND LAWS OR AN EXEMPTION THEREFROM. 
 Subject to the provisions of this Section 14, the Company will replace any such legended certificates with unlegended certificates promptly upon
request by any Holder in order to facilitate a lawful transfer or at any time after such shares cease to be Registerable Securities or are exempt from registration under the Securities Act. 
 Section 15. Transfer of Interests in Event of IPO. If either (a) the Company’s Board of Directors has approved an IPO and deems it
necessary or advisable, or (b) the Company’s Board of Directors otherwise deems it advisable, to (i) convert the Company to, or merge the Company into, a corporation, (ii) contribute the operating business of the Company and/or
its Subsidiaries that alone or together represent all or substantially all of the Company’s consolidated business at that time to a corporation (the “IPO Corp.”), (iii) cause the outstanding equity securities of the
Company and/or its Subsidiaries that alone or together represent all or substantially all of the Company’s consolidated business at that time to be transferred to the IPO Corp. or (iv) effect a transaction having a similar effect as any of
clauses (i), (ii) or (iii), then in any such case, all Holders shall take any and all reasonable actions requested by the Board of Directors as may be necessary or advisable to give effect to such transaction in accordance with the terms, and
subject to the conditions, of Section 6.4 of the LLC Agreement. 
 Section 16. Miscellaneous. 
 (a) Notices. Except as otherwise provided herein, all notices, requests, consents and other communications required or permitted
hereunder shall be in writing and shall be effective if hand-delivered, mailed (postage prepaid) by registered or certified mail or sent by e-mail (with e-mail or telephone confirmation promptly thereafter) or facsimile transmission (with automated
or telephone confirmation promptly thereafter). 
 If to the Company: 
 FTPS Holding, LLC 
 c/o 38 Fountain Square
Plaza 
 Cincinnati, OH 45263 
 Attention: Charles Drucker 
 with a copy to: 
 c/o Advent International Corp. 
 75 State Street 
 Boston, Massachusetts 02109 
 Telephone:
(617) 951-9400 
 Email: cpike@adventinternational.com 
 Attention: Chris Pike 
 and 
 Weil Gotshal & Manges, LLP 
  

 -21- 

 100 Federal Street, Floor 34 
 Boston, Massachusetts 02110 
 Telephone:
(617) 772-8300 
 Telecopy: (617) 772-8333 
 Email: james.westra@weil.com; marilyn.french@weil.com 
 Attention: James Westra, Marilyn French 

and 
 Fifth Third Bank 
 38 Fountain Square Plaza 
 Cincinnati, OH
45263 
 Telephone: (513) 579-4300 
 Telecopy: (513) 534-6757 
 Email: paul.reynolds@53.com 
 Attention: Paul Reynolds 
 and 

Sullivan & Cromwell LLP 
 125
Broad Street 
 New York, New York 10004 
 Telephone: (212) 558-4000 
 Telecopy: (212) 291-9085 
 Email: korrya@sullcrom.com 
 Attention:
Alexandra D. Korry 
 If to Advent: 
 c/o Advent International Corp. 
 75 State Street 
 Boston, Massachusetts 02109 
 Telephone: (617) 951-9400 
 Email: cpike@adventinternational.com 
 Attention: Chris Pike 
 If to JPDN: 
 JDPN Enterprises, LLC 
 4626 151 St. 
 Urbandale, Iowa 50323 
 Attention: Charles
Drucker 
 with a copy to: 
  

 -22- 

 Keating Muething & Klekam PLL 
 One East Fourth Street, Suite 1400 
 Cincinnati, Ohio 45202 
 Telephone: (513) 579-6435 
 Telecopy: (513) 579-6457 
 Email:
wkeating@kmklaw.com 
 Attention: William J. Keating Jr. 
 If to Fifth Third or FTPS Partners: 
 Fifth
Third Bank 
 38 Fountain Square Plaza 
 Cincinnati, OH 45263 
 Telephone: (513) 579-4300 
 Telecopy: (513) 534-6757 
 Email: paul.reynolds@53.com 
 Attention: Paul Reynolds 
 If to a Holder
other than Advent, Fifth Third or FTPS Partners, or to a transferee Holder, to the address of such Holder set forth in the transfer documentation provided to the Company; or at such other address as such party each may specify by written notice to
the others. 
 (b) Amendment; Waiver. Any provision of this Agreement may be amended or waived if, and only if, such
amendment or waiver is in writing and signed, in the case of an amendment, by the Company, the Holders holding a majority of the Class A Units and the Holders holding a majority of the Class B Units, or in the case of a waiver, by any of the
following parties against whom such waiver is to be effective with respect to the Company or Holders of such Class, as applicable: the Company, the Holders holding a majority of the Class A Units, the Holders holding a majority of the Class B
Units or the Holders holding a majority of the Class C Units. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any
other or further exercise thereof or the exercise of any other right, power or privilege. 
 (c) Entire Agreement. This
Agreement contains the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes and replaces all other prior agreements, written or oral, among the parties hereto with respect to the subject matter hereof.

 (d) Governing Law; Submission to Jurisdiction; Selection of Forum; Waiver of Trial by Jury. This Agreement shall be
governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of law thereof. Each party agrees that it shall bring any action, suit, demand or proceeding (including counterclaims) in
respect of any claim arising out of or related to this Agreement or the transactions contemplated hereby, exclusively in the United States District Court for the Southern District of New York or any New York State court, in each case, sitting in New
York County (the “Chosen Courts”), and solely in connection with 

  

 -23- 

 
claims arising under this Agreement or the transactions contemplated hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen Courts,
(ii) waives any objection to laying venue in any such action, suit, demand or proceeding in the Chosen Courts, (iii) waives any objection that the Chosen Courts are an inconvenient forum or do not have jurisdiction over any Party and
(iv) agrees that service of process upon such party in any such action, suit, demand or proceeding shall be effective if notice is given in accordance with Section 16(a). Each party irrevocably waives any and all right to trial by jury in
any action, suit, demand or proceeding (including counterclaims) arising out of or related to this Agreement or the transactions contemplated hereby. 
 (e) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same Agreement. 
 (f) Successors and Assigns. Except as otherwise expressly provided herein, this Agreement shall be binding upon and benefit the
Company, each Holder and their respective successors and permitted assigns. 
 (g) Headings. The heading references
herein and the table of contents hereof are for convenience purposes only, and shall not be deemed to limit or affect any of the provisions hereof. 
 (h) Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions
hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (i) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be
valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (ii) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity
or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction. 
 [signature page follows] 
  

 -24- 

 IN WITNESS WHEREOF, this Registration Rights Agreement has been duly executed by each of the parties
hereto as of the date first written above. 
  

			
	 FIFTH THIRD BANK

		
	By:	 	 /S/ ROSS J. KARI

	Name:	 	 Ross J. Kari

	Title:	 	 Executive Vice President

		
	By:	 	 /S/ PAUL L. REYNOLDS

	Name:	 	 Paul L. Reynolds

	Title:	 	 Executive Vice President

  

 [SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT] 

			
	FTPS HOLDING, LLC
		
	By:	 	 /S/ CHARLES D. DRUCKER

	Name:	 	Charles D. Drucker
	Title:	 	President

  

 [SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT] 

			
	FTPS PARTNERS, LLC
		
	By:	 	 /S/ PAUL L. REYNOLDS

	Name:	 	Paul L. Reynolds
	Title:	 	Manager

  

 [SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT] 

			
	JPDN ENTERPRISES, LLC
		
	By:	 	 /S/ CHARLES D. DRUCKER

	Name:	 	Charles D. Drucker
	Title:	 	Manager

  

 [SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT] 

			
	ADVENT-KONG BLOCKER CORP.
		
	By:	 	 /S/ CHRISTOPHER PIKE

	Name:	 	Christopher Pike
	Title:	 	Authorized Signatory

  

 [SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT]Form of Second Amended and Restated Shareholder's Agreement

 Exhibit 4.3 
  
  
 FORM OF SECOND AMENDED AND RESTATED SHAREHOLDER
AGREEMENT 
 among 
 Avago
Technologies Limited, 
 Silver Lake Partners II Cayman, L.P., 
 Silver Lake Technology Investors II Cayman, L.P. 
 Integral Capital Partners VII, L.P. 
 KKR Millennium Fund (Overseas), Limited Partnership, 
 KKR European Fund, Limited Partnership, 
 KKR European Fund II, Limited Partnership, 
 KKR Partners (International), Limited Partnership, 
 Capstone Equity Investors LLC, 
 Avago Investment Partners, Limited Partnership, 
 Bali Investments S.à r.l., 
 Seletar
Investments Pte. Ltd., 
 Geyser Investment Pte Ltd and 
 certain other Persons 
 Dated as of [•], 2009 
  
  

 TABLE OF CONTENTS 
  

									
	 	  	Page
	 1.
	  	 AMENDMENT AND RESTATEMENT; EFFECTIVE DATE
	  	3
			
	 2.
	  	 VOTING AGREEMENT
	  	3
		  	2.1	  	 Board of Directors
	  	3
		  		  	2.1.1.	  	Board Size	  	3
		  		  	2.1.2.	  	Designation of Directors	  	3
		  		  	2.1.3.	  	Board Observer	  	3
		  		  	2.1.4.	  	Sell-Down Provisions	  	4
		  		  	2.1.5.	  	Company Articles of Association	  	4
		  		  	2.1.6.	  	Additional Independent Directors	  	5
		  	2.2	  	 Removal and Replacement; Vacancies
	  	5
		  		  	2.2.1.	  	Removal and Replacement; Vacancies Generally	  	5
		  		  	2.2.2.	  	Vacancies upon a Reduction in a Sponsor’s Ownership Percentage	  	5
		  	2.3	  	 Directors of Subsidiaries
	  	6
		  	2.4	  	 Committees
	  	6
		  		  	2.4.1.	  	Composition	  	6
		  		  	2.4.2.	  	Authority	  	6
		  	2.5	  	 Actions Requiring Majority Sponsor Approval
	  	6
		  		  	2.5.1.	  	Composition of the Board	  	6
		  		  	2.5.2.	  	Change in Control	  	7
		  		  	2.5.3.	  	Certain Dispositions	  	7
		  		  	2.5.4.	  	Certain Acquisitions	  	7
		  		  	2.5.5.	  	Certain Joint Ventures and Business Alliances	  	7
		  		  	2.5.6.	  	Certain Indebtedness	  	7
		  		  	2.5.7.	  	Dissolution; Liquidation; Reorganization; Bankruptcy	  	8
		  		  	2.5.8.	  	Affiliated Transactions	  	8
		  		  	2.5.9.	  	Nature of Business	  	8
		  		  	2.5.10.	  	Management Shareholder Agreement; Capstone Shareholder Agreement	  	8
		  	2.6	  	 Disproportionate Effects on Co-Investors
	  	8
		  	2.7	  	 Further Assurances by all Shareholders
	  	8
		  		  	2.7.1.	  	Board of Directors Provisions	  	8
		  		  	2.7.2.	  	Approved Change in Control	  	9
		  	2.8	  	 Actions in Contravention
	  	9
		  	2.9	  	 Period
	  	9
			
	 3.
	  	 TRANSFER RESTRICTIONS
	  	9
		  	3.1	  	 General Transfer Restrictions
	  	9
		  	3.2	  	 Allowed Transfers
	  	9
		  		  	3.2.1.	  	Permitted Transferees	  	9
		  		  	3.2.2.	  	Public Transfers	  	10
		  		  	3.2.3.	  	Distributions and Charitable Contributions	  	10
		  		  	3.2.4.	  	Participation in Drag-Along and Tag-Along	  	10

  

 - i - 

									
		  		  	3.2.5.	  	Transfers by Co-Investors	  	10
		  		  	3.2.6.	  	Other Private Transfers	  	11
		  		  	3.2.7.	  	Luxco and Avago Partners Distributions	  	11
		  	3.3	  	Certain Transferees to Become Parties	  	11
		  	3.4	  	Restrictions on Public Transfers under Rule 144	  	12
		  	3.5	  	Impermissible Transfer	  	12
		  	3.6	  	Notice of Transfer	  	12
		  	3.7	  	Period	  	12
			
	 4.
	  	“TAG ALONG” AND “DRAG ALONG” RIGHTS	  	12
		  	4.1	  	Tag Along	  	12
		  		  	4.1.1.	  	Notice	  	12
		  		  	4.1.2.	  	Exercise	  	13
		  		  	4.1.3.	  	Irrevocable Offer	  	13
		  		  	4.1.4.	  	Reduction of Shares Sold	  	14
		  		  	4.1.5.	  	Additional Compliance	  	14
		  		  	4.1.6.	  	Actions with Respect to Tag Along	  	15
		  	4.2	  	Drag Along	  	15
		  		  	4.2.1.	  	Exercise	  	15
		  		  	4.2.2.	  	Drag Along Seller Exclusions	  	16
		  	4.3	  	[Reserved]	  	16
		  	4.4	  	Miscellaneous	  	16
		  		  	4.4.1.	  	Further Assurances	  	16
		  		  	4.4.2.	  	Sale Process	  	16
		  		  	4.4.3.	  	Treatment of Options, Warrants and Convertible Securities	  	17
		  		  	4.4.4.	  	Closing	  	17
		  	4.5	  	Period	  	17
			
	 5.
	  	[RESERVED]	  	17
			
	 6.
	  	COVENANTS	  	18
		  	6.1	  	Information Rights	  	18
		  		  	6.1.1.	  	Historical Financial Information	  	18
		  		  	6.1.2.	  	Tax Information	  	18
		  		  	6.1.3.	  	Access	  	18
		  		  	6.1.4.	  	Period	  	18
		  	6.2	  	Confidentiality	  	18
		  	6.3	  	Suspension of Information Rights	  	19
			
	 7.
	  	REMEDIES	  	20
		  	7.1	  	Generally	  	20
			
	 8.
	  	LEGENDS	  	20
		  	8.1	  	Restrictive Legend	  	20
		  	8.2	  	Securities Act Legend	  	20
		  	8.3	  	Stop Transfer Instruction	  	21
		  	8.4	  	Termination of the Securities Act Legend	  	21

  

 - ii - 

							
	 9.
	  	AMENDMENT, TERMINATION, ETC	  	21
		  	9.1	  	Oral Modifications	  	21
		  	9.2	  	Written Modifications	  	21
		  	9.3	  	Effect of Termination	  	21
			
	 10.
	  	DEFINITIONS	  	22
		  	10.1	  	Certain Matters of Construction	  	22
		  	10.2	  	Definitions	  	22
			
	 11.
	  	MISCELLANEOUS	  	28
		  	11.1	  	Aggregation of Shares	  	28
		  	11.2	  	Authority; Effect	  	29
		  	11.3	  	Notices	  	29
		  	11.4	  	Binding Effect, Etc	  	35
		  	11.5	  	Descriptive Heading	  	35
		  	11.6	  	Counterparts	  	35
		  	11.7	  	Severability	  	35
		  	11.8	  	No Recourse	  	35
		  	11.9	  	Expenses; Indemnity	  	36
		  	11.10	  	No Third Party Beneficiaries	  	36
		  	11.11	  	Consent of Shareholders to Advisory Agreement	  	36
			
	 12.
	  	GOVERNING LAW	  	37
		  	12.1	  	Governing Law	  	37
		  	12.2	  	Consent to Jurisdiction	  	37
		  	12.3	  	WAIVER OF JURY TRIAL	  	37
		  	12.4	  	Exercise of Rights and Remedies	  	38

  

 - iii - 

 FORM OF SECOND AMENDED AND RESTATED SHAREHOLDER AGREEMENT 
 This Second Amended and Restated Shareholder Agreement (this “Agreement”) is made as of [•], 2009 by and among: 
  

	 	(i)	Avago Technologies Limited (Registration No. 200510713C), a public limited company incorporated in Singapore (together with its successors and permitted assigns, the
“Company”); 

  

	 	(ii)	Bali Investments S.à r.l., a company organized under the laws of Luxembourg (together with its Permitted Transferees, “Luxco”); 

  

	 	(iii)	Silver Lake Partners II Cayman, L.P. (“SLP Cayman”), Silver Lake Technology Investors II Cayman, L.P. (together with SLP Cayman and, together with their Permitted
Transferees, “Silver Lake”) and Integral Capital Partners VII, L.P. (together with its Permitted Transferees, “Integral Capital”) (collectively with Silver Lake and together with their Permitted Transferees,
“SLP”); 

  

	 	(iv)	KKR Millennium Fund (Overseas), Limited Partnership (“KKR Millennium”), KKR European Fund, Limited Partnership (“KKR Europe”), KKR European Fund
II, Limited Partnership (“KKR Europe II”), and KKR Partners (International), Limited Partnership (collectively, and together with their Permitted Transferees, “KKR”); and 

  

	 	(v)	Avago Investment Partners, Limited Partnership, a limited partnership formed under the Exempt Limited Partnership Law (2003 Revision) of the Cayman Islands (together with its
Permitted Transferees, “Avago Partners”). 

 Parties not executing this Agreement but which are parties to the
Amended Agreement and therefore bound by the provisions hereof are the following: 
  

	 	(i)	Capstone Equity Investors LLC, a Delaware limited liability company (together with its Permitted Transferees, “Capstone”); 

  

	 	(ii)	Seletar Investments Pte. Ltd., a private limited company organized under the laws of Singapore (together with its Permitted Transferees, “Temasek”);

  

	 	(iii)	Geyser Investment Pte Ltd, a private limited company organized under the laws of Singapore (together with its Permitted Transferees, “Geyser”); and

  

	 	(iv)	such other Persons, if any, that from time to time become parties hereto as transferees of Shares pursuant to Section 3.3 (collectively, together with the Sponsors, the
“Shareholders”). 

 RECITALS 
 WHEREAS, the Company and the Sponsors other than Capstone are party to that certain Shareholder Agreement (the “Original Agreement”), dated December 1, 2005 (the “Original Agreement
Effective Date”), and the Company and the Sponsors are party to that certain Amended and Restated Shareholder Agreement (the “Amended Agreement”), dated February 3, 2006 (the “Amended Agreement Effective
Date”), which amended and restated the Original Agreement in its entirety; 
 WHEREAS, Section 9.2 of the Amended Agreement
provides that the Amended Agreement may be amended with an agreement in writing signed by the Company and Sponsors holding not less than 70% of the Outstanding Company Shares; 
 WHEREAS, the Company and Sponsors holding 70% or more of the Outstanding Company Shares desire to, and by the execution of this Agreement do hereby,
amend and restate the Amended Agreement in its entirety to read as set forth herein; 
 WHEREAS, subject to the approval of the
Company’s shareholders, the directors of the Company are authorized by the Company Memorandum of Association to issue ordinary shares of the Company’s share capital (the “Company Shares”); 
 WHEREAS, as of the Effective Date, Luxco is owned by SLP, KKR, Capstone and Avago Partners; 
 WHEREAS, as of the Effective Date, each of the Sponsors owns the number of Company Shares set forth opposite such Sponsor’s name on
Schedule I attached hereto, including in the case of SLP, KKR, Capstone and Avago Partners, their pro rata share of Company Shares owned by Luxco, based upon their ownership of Luxco equity securities; 
 WHEREAS, certain managers of the Company and its Subsidiaries have purchased or may purchase Company Shares, or have received or may receive Options
exercisable for Company Shares, pursuant to the Company’s Equity Incentive Plan for Executive Employees of Avago Technologies Limited and Subsidiaries (the “Management Equity Plan”). With respect to Company Shares purchased by
such certain managers under the Management Equity Plan and in certain instances other compensatory plans maintained by the Company, or any Company Shares issued to such certain managers upon exercise of any Options granted under the Management
Equity Plan and in certain instances other compensatory plans maintained by the Company, the holders thereof (and their permitted transferees) (collectively, the “Management Shareholders”) are or will be subject to the terms of a
Management Shareholder Agreement, dated as of February 3, 2006 (as amended from time to time, the “Management Shareholder Agreement”), among the Company and the Management Shareholders; and 
 WHEREAS, the parties hereto desire to establish the composition of the Company’s board of directors (the “Board”), to restrict the
sale, assignment, transfer, encumbrance or other disposition of Company Shares, to provide for certain additional covenants and to provide for certain rights and obligations as between themselves in relation to the affairs of the Company and its
Subsidiaries as hereinafter provided. 
  

 - 2 - 

 AGREEMENT 
 NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties to this Agreement intending to be bound hereby agree as follows: 
 1. AMENDMENT AND RESTATEMENT; EFFECTIVE DATE. This Agreement amends and restates the Amended Agreement in full to read as set forth herein, and this Agreement
shall become effective as of the date first written above (the “Effective Date”). 
 2. VOTING AGREEMENT. 
 2.1 Board of Directors. 
 2.1.1. Board Size. The authorized number of directors of the Board shall be fixed at eleven (11), or such other number as is determined from time to time pursuant to Section 2.1.6 or Section 2.5.1. 
 2.1.2. Designation of Directors. Subject to Sections 2.1.3, 2.1.5 and 2.1.6 and the Company Articles of Association, the following
persons shall be elected to the Board: 
 (a) three (3) persons designated by Silver Lake, who shall initially be James
A. Davidson, Kenneth Y. Hao and John R. Joyce (the “SLP Designees”); 
 (b) three (3) persons
designated by KKR, one of whom shall be designated by KKR Millennium, who shall initially be David Kerko, one of whom shall be designated by KKR Europe, who shall initially be Adam H. Clammer, and one of whom shall be designated by KKR Europe II,
who shall initially be James H. Greene, Jr. (the “KKR Designees”); 
 (c) one (1) person designated by
Temasek, who shall initially be Bock Seng Tan, and who shall at all times be a person who qualifies as the Company’s Singapore resident director (the “Temasek Designee” and together with the SLP Designees and KKR Designees, the
“Sponsor Designees”); 
 (d) one (1) person who shall be the then current Chief Executive Officer of
the Company; and 
 (e) three (3) persons who shall, for so long as Section 2.5 shall be effective, be approved by
Majority Sponsor Approval. 
 2.1.3. Board Observer. Subject to the Company Articles of Association, Geyser shall be
entitled to designate one (1) person (the “Observer”), who shall be reasonably acceptable to the Company and shall initially be Tay Lim Hock, to attend all meetings of the Board, and the Company shall provide to the Observer,
concurrently with the members of the Board and in the same manner, notice of such meetings and a copy of all materials provided to such members; provided, however, the Board, by majority vote, shall be entitled to exclude the Observer
from portions of any Board meeting and to cause 

  

 - 3 - 

 
portions of any Board materials delivered to the Observer to be redacted where and to the extent that the Board determines that exclusion is reasonably
necessary to preserve attorney-client privilege; provided, further, for the avoidance of doubt, the Observer shall be subject to the confidentiality obligations set forth in Section 6.2 hereof and Geyser shall be responsible for
the Observer’s compliance therewith. 
 2.1.4. Sell-Down Provisions. In the event that Silver Lake has sold any of
its Company Equity Shares or otherwise transferred any of its Company Equity Shares to an unaffiliated entity, or Luxco has sold any of its Company Equity Shares and distributed the proceeds to Silver Lake, and SLP (x) ceases to own at least
24% of the Outstanding Company Shares but continues to own at least 15% of the Outstanding Company Shares, Silver Lake shall no longer have the right to designate three (3) Sponsor Designees and shall have the right to designate only two
(2) Sponsor Designees, (y) ceases to own at least 15% of the Outstanding Company Shares but continues to own at least 5% of the Outstanding Company Shares, Silver Lake shall no longer have the right to designate two (2) Sponsor
Designees and shall have the right to designate only one (1) Sponsor Designee, and (z) ceases to own at least 5% of the Outstanding Company Shares, Silver Lake shall no longer have the right to designate any Sponsor Designees. 

(a) In the event that KKR has sold any of its Company Equity Shares or otherwise transferred any of its Company Equity Shares to an
unaffiliated entity, or Luxco has sold any of its Company Equity Shares and distributed the proceeds to KKR, and KKR (x) ceases to own at least 24% of the Outstanding Company Shares but continues to own at least 15% of the Outstanding Company
Shares, it shall no longer have the right to designate three (3) Sponsor Designees and shall have the right to designate only two (2) Sponsor Designees (in which case, the Board Designators (as defined below) will be KKR Millennium and KKR
Europe II), (y) ceases to own at least 15% of the Outstanding Company Shares but continues to own at least 5% of the Outstanding Company Shares, it shall no longer have the right to designate two (2) Sponsor Designees and shall have the
right to designate only one (1) Sponsor Designee (in which case, the Board Designator will be KKR Europe II), and (z) ceases to own at least 5% of the Outstanding Company Shares, it shall no longer have the right to designate any Sponsor
Designees. 
 (b) In the event that Temasek ceases to own the lesser of (x) at least 2.5% of the Outstanding Company
Shares, provided that it has not sold any of its Company Equity Shares, or (y) at least 5% of the Outstanding Company Shares, it shall no longer have the right to designate the Temasek Designee. 
 (c) In the event that Geyser ceases to own the lesser of (x) at least 2.5% of the Outstanding Company Shares, provided that it has
not sold any of its Company Equity Shares, or (y) at least 5% of the Outstanding Company Shares, it shall no longer have the right to designate the Observer. 
 2.1.5. Company Articles of Association. Notwithstanding the provisions of Sections 2.1.2, 2.1.3 and 2.1.4, the rights to designate
the Sponsor Designees and the Observer provided for in Section 2.1.2, 2.1.3 and 2.1.4 are subject to the Company Articles of Association and applicable laws. 
  

 - 4 - 

 2.1.6. Additional Independent Directors. For so long as Section 2.5 shall be
effective, the number of directors designated pursuant to Section 2.1.2(e) may from time to time temporarily be increased above the number set forth in such section if Majority Sponsor Approval is received in advance of any such designation;
provided, however, that any such Majority Sponsor Approval may be revoked at any time, without notice and without cause, by a subsequent Majority Sponsor Approval to such effect, whereupon the excess director or directors above and beyond the number
permitted by Section 2.1.5, as identified in the Majority Sponsor Approval, shall immediately be removed from the Board and the Board size and composition returned to that specified in Section 2.1.2; and provided, further, however, in the
event of any vacancy of any such Board seat in excess of that permitted by Section 2.1.5, such vacancy may not be filled without Majority Sponsor Approval. As of the date of the adoption hereof, it is acknowledged that Majority Sponsor Approval
has been provided for Section 2.1.5 temporarily to permit four (4) directors. 
 2.2 Removal and Replacement; Vacancies.

 2.2.1. Removal and Replacement; Vacancies Generally. Subject to Section 2.2.2, the Company Articles of
Association and applicable laws, members of the Board designated by Silver Lake, KKR Millennium, KKR Europe, KKR Europe II or Temasek (each, a “Board Designator”), as the case may be, may be removed by, and only by, the affirmative
vote or written consent of such Board Designator. If, prior to his or her election to the Board, any person is unable or unwilling to serve as a Sponsor Designee, then the applicable Board Designator shall, subject to Section 2.1.3, be entitled
to designate a replacement. If, following election to the Board, any Sponsor Designee resigns, is removed, or is unable to serve for any reason prior to the expiration of his or her term as a director, then, subject to Section 2.1.3, the
Company Articles of Association and applicable laws, the applicable Board Designator shall be entitled to designate a replacement. If any Board Designator entitled to designate a person to fill any directorship fails to do so, then such directorship
shall remain vacant until filled by such Board Designator. 
 2.2.2. Vacancies upon a Reduction in a Sponsor’s
Ownership Percentage. To the extent that, pursuant to Section 2.1.4, there is any reduction in the number of Sponsor Designees that any Board Designator is entitled to designate, then such Board Designator shall send a written notice to the
Secretary of the Company stating the name of the Sponsor Designee(s) to be removed from the Board and, upon receipt of such notice by the Secretary of the Company (or, in the event such Board Designator fails to deliver such notice within ten
(10) days after written request from the Company, such selection of a Sponsor Designee(s) of such Board Designator shall be made by the Company by lot), such Sponsor Designee(s) shall be deemed to have resigned from the Board, and the vacancy
or vacancies created thereby (and, thereafter, any vacancies created in that particular directorship) shall be filled by a person designated by the Board acting in accordance with the Company’s nomination and governance procedures. 

 

 - 5 - 

 2.3 Directors of Subsidiaries. Subject to applicable laws, the size and composition of the boards
of directors of the Company’s Subsidiaries shall be as determined by the Board; provided that, if at any time any Person other than an employee of the Company or any of its Subsidiaries (other than a Person who is also an employee,
partner, member, shareholder or Affiliate of any Sponsor) or a local qualifying director is appointed to the board of directors of any Subsidiary of the Company, then each Board Designator shall have the right to designate a number of members to
such board of directors in the same proportion as such Board Designator has the right to designate Sponsor Designees to the Board under Section 2.1. 
 2.4 Committees. 
 2.4.1. Composition. The Board may from time to time designate
one or more committees, each of which shall have such number of members as is determined from time to time by the Board acting in accordance with the Company’s nomination and governance procedures; provided that for so long as Silver
Lake or KKR is entitled to designate one or more Sponsor Designees under Section 2.1, it shall have the right to designate one of its Sponsor Designees to serve as a member of each of the Board’s committees (and if it has more than one
Sponsor Designee, it may appoint a different Sponsor Designee to different Board committees); provided, further, however, that no such right to designate one or more Sponsor Designees to a Board committee would violate the U.S. federal
securities laws or the requirements of the primary United States exchange on which the Company Shares are listed for trading. To the extent that a Sponsor Designee is removed from the Board pursuant to Section 2.2.2, such Sponsor Designee shall
be deemed to have resigned from all committees upon which such Sponsor Designee is serving. Any vacancies on the Board’s committees created thereby (and, thereafter, any vacancies created in these committee memberships) shall, subject to this
Section 2.4.1 to the extent Silver Lake or KKR continues to have the right to appoint one of its Sponsor Designees to the Board’s committees, be filled by the Board acting in accordance with the Company’s nomination and governance
procedures. 
 2.4.2. Authority. Each of the Board’s committees, to the extent provided in the enabling resolution
of such committee, the Company Articles of Association or this Agreement, shall have and may exercise all of the authority of the Board delegated to such committee. Any such delegation may be revoked at any time by action of the Board.
Notwithstanding the foregoing, no committee of the Board shall have the power to act for the Board where such action would require Majority Sponsor Approval or otherwise expressly require the vote or consent of a majority of the Board’s
directors under applicable law, the Company Memorandum of Association or Company Articles of Association or this Agreement. 
 2.5 Actions
Requiring Majority Sponsor Approval. Except as expressly provided in this Section 2.5 and subject to the Company Articles of Association and applicable laws, until such time as the Shareholders beneficially own, collectively, less than 50%
of the Outstanding Company Shares, Majority Sponsor Approval is required for the following actions by the Company and/or its Subsidiaries: 
 2.5.1. Composition of the Board. Except as otherwise expressly provided in this Agreement, change the size or the composition of the Board or any committee of the Board or the board of directors or similar
governing body of any Subsidiary; provided, however, the prior written consent of Temasek shall also be required to amend, delete or otherwise change its rights under Section 2.1.4(c); provided, further, the prior
written consent of Geyser shall also be required to amend, delete or otherwise change its rights under Section 2.1.4(d). 
  

 - 6 - 

 2.5.2. Change in Control. Enter into or effect a Change in Control. 
 2.5.3. Certain Dispositions. Directly or indirectly, enter into or effect any transaction or series of related transactions
involving the sale, lease, license, exchange or other disposal (including by merger, consolidation, sale of stock, or sale of assets) by the Company or the Subsidiaries of any assets having a fair market value or for consideration having a fair
market value (in each case as reasonably determined by the Board) in excess of US$300,000,000, other than transactions solely between and among the Company and Wholly Owned Subsidiaries. 
 2.5.4. Certain Acquisitions. Directly or indirectly, enter into or effect any transaction or series of related transactions
involving the purchase, lease, license, exchange or other acquisition (including by merger, consolidation, acquisition of stock, or acquisition of assets) by the Company or the Subsidiaries of any assets and/or equity securities of any Person for
consideration having a fair market value (as reasonably determined by the Board) in excess of US$300,000,000, other than transactions solely between and among the Company and Wholly Owned Subsidiaries. 
 2.5.5. Certain Joint Ventures and Business Alliances. Enter into any joint venture or similar business alliance involving
investment, contribution or disposition by the Company or the Subsidiaries of assets (including stock of Subsidiaries) having a fair market value (as reasonably determined by the Board) in excess of US$300,000,000 other than transactions solely
between and among the Company and Wholly Owned Subsidiaries. 
 2.5.6. Certain Indebtedness. Incur (or extend,
supplement, or otherwise modify any of the material terms of) any indebtedness (including any refinancing of existing indebtedness); assume, guarantee, endorse or otherwise as an accommodation become responsible for the obligations of any other
Person (provided that the Company or any Subsidiary may provide cross-guarantees for any indebtedness in existence as of the Original Agreement Effective Date or that has otherwise been approved under this Section 2.5.6); enter into (or extend,
supplement, or otherwise modify any of the material terms of) any agreement under which it may incur indebtedness in the future; or make any loan, advance or capital contribution to any Person (other than the Company or any Wholly Owned
Subsidiaries); or make any voluntary prepayment of indebtedness of the Company or any of the Subsidiaries outside the ordinary course of business; in each case in an aggregate principal amount in excess of US$300,000,000 in any transaction or series
of related transactions, and other than (x) a draw down in the ordinary course of business under a debt agreement entered into prior to the date of such draw down, the execution of which previously received Majority Sponsor Approval or
(y) occurred on or prior to the Original Agreement Effective Date. 
  

 - 7 - 

 2.5.7. Dissolution; Liquidation; Reorganization; Bankruptcy. Dissolve, liquidate
or engage in any recapitalization or reorganization of the Company or any Subsidiary or initiate a voluntary liquidation, dissolution, receivership, bankruptcy or other insolvency proceeding involving the Company or any Subsidiary. 
 2.5.8. Affiliated Transactions. Enter into or effect any transaction with a Majority Sponsor (or with an Affiliate of such Majority
Sponsor, or with any officer, director, or employee of such Majority Sponsor or its Affiliates), other than this Agreement, the Securities Subscription Agreement, the Luxco Securities Subscription Agreement, the Advisory Agreement and the
Registration Rights Agreement and other than transactions which do not have a materially disproportionate effect on any of the Sponsors, in their capacity as Shareholders, relative to the other Sponsors; and such Majority Sponsor shall be excluded
from the determination of Majority Sponsor Approval for such transaction under this Section 2.5.8. 
 2.5.9. Nature of
Business. Make any material change in the nature of the business conducted by the Company and its Subsidiaries. 
 2.5.10.
Management Shareholder Agreement; Capstone Shareholder Agreement. Amend, waive or otherwise modify the Management Shareholder Agreement or Capstone Shareholder Agreement in any material respect. 
 2.6 Disproportionate Effects on Co-Investors. Except for such actions as are specifically set forth in this Agreement, the Company shall not take
any action in respect of any class of its shares that shall have a materially disproportionate effect on the Co-Investors, in their capacity as Shareholders of such class of shares, as compared to the Majority Sponsors, in their capacity as
Shareholders of such class of shares, without first obtaining the prior written consent of the Co-Investors holding a majority of the number of such class of shares held by all the Co-Investors. Without limiting the foregoing, the Company agrees
that any repurchase or redemption of equity or debt securities by it, other than any repurchase or redemption of equity securities from any current or former director, executive officer or employee of the Company where such equity securities were
issued pursuant to or in connection with any compensatory plan, and other than pursuant to the Capstone Shareholder Agreement, will be made pro rata, based upon the ownership of such securities, among the Sponsors. 
 2.7 Further Assurances by all Shareholders. 
 2.7.1. Board of Directors Provisions. Each Shareholder hereby agrees to take, at any time and from time to time, all actions necessary or desirable (whether in such Shareholder’s capacity as a shareholder,
director or officer of the Company or otherwise, and including, without limitation, attendance at meetings in person or by proxy for the purposes of achieving a quorum and voting such Shareholder’s Shares or execution of a written consent in
lieu of attending a meeting) to accomplish the provisions of Sections 

  

 - 8 - 

 
2.1 through 2.4, and the Company agrees to take, at any time and from time to time, all actions necessary or desirable within its control (including, without
limitation, calling special board and shareholder meetings) to ensure that the provisions of Sections 2.1 through 2.4 are accomplished. 
 2.7.2. Approved Change in Control. With respect to any Change in Control that has received the Majority Sponsor Approval required under Section 2.5.2, each Shareholder agrees to cast all votes to which
such Shareholder is entitled in respect of the Shares, whether at any annual or special meeting, by written consent or otherwise, in such manner as the Majority Sponsors may instruct by written notice to approve, effect, or implement such approved
transaction. Each Shareholder hereby grants to the Majority Sponsors an irrevocable proxy coupled with an interest to vote, including in any action by written consent, such Shareholder’s Shares in accordance with such Shareholder’s
agreements contained in this Section 2.7.2, which proxy shall be valid and remain in effect until the provisions of this Section 2.7.2 expire pursuant to Section 2.9. 
 2.8 Actions in Contravention. Subject to applicable law, neither the Company nor any of its Subsidiaries will give effect to any action by any
Shareholder or any other Person which is in contravention of this Section 2. 
 2.9 Period. Each of the foregoing provisions of
this Section 2 shall expire upon the consummation of a Change in Control that has received Majority Sponsor Approval. 
 3. TRANSFER RESTRICTIONS.

 3.1 General Transfer Restrictions Each Shareholder understands and agrees that the Shares held by such Shareholder on the date
hereof have not been registered under the Securities Act or registered or qualified under any state or foreign securities laws. No Shareholder shall Transfer such Shares (or solicit any offers in respect of any Transfer of such Shares), except in
compliance with the Securities Act, any applicable state or foreign securities laws and any restrictions on Transfer contained in this Agreement or any other provisions set forth in the Securities Subscription Agreement (or, in the case of Luxco,
the Luxco Securities Subscription Agreement), the Registration Rights Agreement or any other agreements or instruments pursuant to which such Shares were issued. 
 3.2 Allowed Transfers. Until the expiration of the provisions of this Section 3, no Shareholder shall Transfer any of such Shareholder’s Shares to any other Person except as follows: 
 3.2.1. Permitted Transferees. Any Shareholder may Transfer any or all of such Shareholder’s Shares to such Shareholder’s
Permitted Transferees and, after complying with the terms of Section 3.3, such a Permitted Transferee shall be deemed to be a Shareholder hereunder. 
  

 - 9 - 

 3.2.2. Public Transfers. 
 (a) Any Shareholder may Transfer any or all of such Shareholders’ Shares in a Public Offering in accordance with and pursuant to the
Registration Rights Agreement. 
 (b) From and after the closing of the Initial Public Offering, a Majority Sponsor may
Transfer any or all of such Majority Sponsor’s Shares pursuant to Rule 144 and in compliance with Section 3.4, or pursuant to a block sale to a financial institution in the ordinary course of its trading business; provided that any
Transfer pursuant to this Section 3.2.2(b) occurring during the two-year period commencing on the closing of the Initial Public Offering shall not be made without Majority Sponsor Approval. 
 (c) Shares Transferred pursuant to this Section 3.2.2 shall conclusively be deemed thereafter not to be Shares under this Agreement.

 3.2.3. Distributions and Charitable Contributions. From and after the closing of the Initial Public Offering, any
Majority Sponsor may Transfer any or all of such Shareholder’s Shares (a) in a pro rata Transfer to its partners, members or shareholders, as applicable, or (b) to a Charitable Organization, in each case without regard to any other
restrictions on transfer contained elsewhere in this Agreement; provided that any Transfer pursuant to this Section 3.2.3 occurring during the two-year period commencing on the closing of the Initial Public Offering shall not be made without
Majority Sponsor Approval. Any Shares so Transferred shall conclusively be deemed thereafter not to be Shares under this Agreement. 
 3.2.4. Participation in Drag-Along and Tag-Along. 
 (a) Drag-Along. Any Shareholder shall Transfer
any or all of such Shareholder’s Shares to the extent required pursuant to Section 4.2. 
 (b) Tag-Along. A
Participating Seller may Transfer Shares pursuant to and in accordance with the provisions of Section 4.1, so long as each transferee agrees to be bound by the terms of this Agreement in accordance with Section 3.3 (if not already bound
hereby). 
 3.2.5. Transfers by Co-Investors. In the event that a Co-Investor’s Current Percentage Ownership of
Shares is greater than the Current Percentage Ownership of Shares of whichever of Silver Lake or KKR has the smallest Current Percentage Ownership of Shares at such time, such Co-Investor may Transfer any of such Co-Investor’s Shares provided
that following any such Transfer such Co-Investor’s Current Percentage Ownership of Shares shall not be less than the Current Percentage Ownership of Shares of whichever of Silver Lake or KKR has the smallest Current Percentage Ownership of
Shares at such time. Any Shares so Transferred shall conclusively be deemed thereafter to be Shares under this Agreement and each transferee shall be bound by the terms of this Agreement in accordance with Section 3.3; provided,
however, that if such Shares are Transferred (a) in a Public Offering, (b) from and after the closing of the Initial Public Offering, (i) pursuant to Rule 144 or a block sale to a 

  

 - 10 - 

 
financial institution in the ordinary course of its trading business, in each case in compliance with Section 3.4, or (ii) pursuant to Regulation S
under the Securities Act if such Shares following such Transfer are not “restricted securities” as defined in Rule 144, (c) in a pro rata Transfer to its partners, members or shareholders, as applicable, or (d) to a Charitable
Organization, then the Shares Transferred pursuant to this Section 3.2.5 shall conclusively be deemed thereafter not to be Shares under this Agreement. 
 3.2.6. Other Private Transfers. In addition to any Transfers made in accordance with Sections 3.2.1, 3.2.2, 3.2.3, 3.2.4, 3.2.5 and
3.2.7, any Shareholder may Transfer any or all of such Shareholder’s Shares with Majority Sponsor Approval if such Transfer takes place before the closing of the Initial Public Offering and in compliance with Sections 3.3 and 4.1. Any Shares so
Transferred shall conclusively be deemed thereafter to be Shares under this Agreement and each transferee shall be bound by the terms of this Agreement in accordance with Section 3.3. 
 3.2.7. Luxco and Avago Partners Distributions. Luxco may at any time effect a Transfer of any or all of its Shares in a pro rata
Transfer to its shareholders, without regard to any other restrictions on transfer contained elsewhere in this Agreement. Following such a distribution by Luxco, Avago Partners may at any time effect a Transfer of any or all of its Shares in a pro
rata Transfer to its partners, without regard to any other restrictions on transfer contained elsewhere in this Agreement. Any Shares so Transferred by Luxco or Avago Partners shall conclusively be deemed thereafter to be Shares under this
Agreement, each transferee shall be bound by the terms of this Agreement and, following any such Transfer by Avago Partners, its partners shall be deemed to be Sponsors hereunder. 
 3.3 Certain Transferees to Become Parties. Any transferee receiving Shares in a Transfer pursuant to Section 3.2.1, 3.2.4(b), 3.2.5 (except a
Transfer following which the Shares are deemed not to be Shares hereunder), 3.2.6 or 3.2.7 shall become a Shareholder, party to this Agreement and subject to the terms and conditions of, and be entitled to enforce, this Agreement to the same extent,
and in the same capacity, as the Person that Transfers such Shares to such transferee; provided that only a Permitted Transferee of a Sponsor will be deemed to be a Sponsor for purposes of this Agreement (and shall be deemed to be the same
Sponsor as the Sponsor which Transferred to it). For the avoidance of doubt, (a) any transferee receiving Shares in a Transfer pursuant to Section 3.2.4(b), 3.2.5 (except a Transfer following which the Shares are deemed not to be Shares
hereunder), 3.2.6 or 3.2.7 that is not a Permitted Transferee of a Sponsor will become a party to this Agreement without the benefit of the right to designate board and committee members, or to approve certain actions of the Company and its
Subsidiaries, under Section 2; and (b) any transferee receiving Shares in a Transfer pursuant to Section 3.2.4(b), 3.2.5 (except a Transfer following which the Shares are deemed not to be Shares hereunder), 3.2.6 or 3.2.7 that is
neither an existing Shareholder nor a Permitted Transferee of a Sponsor will become party to this Agreement as a Shareholder without the benefit of the rights of Tag Along Holders (Section 4.1). Prior to the Transfer of any Shares to any
transferee pursuant to Section 3.2.1, 3.2.4(b), 3.2.5 (except a Transfer following which the Shares are deemed not to be Shares hereunder), 3.2.6 or 3.2.7, and as a condition thereto, each Shareholder effecting such Transfer shall
(x) cause such transferee to deliver to the Company and each of the Sponsors its written agreement, in form and substance reasonably satisfactory to the Company, to be bound 

  

 - 11 - 

 
by the terms and conditions of this Agreement to the extent described in the preceding sentence and (y) if such Transfer is to a Permitted Transferee,
remain directly liable for the performance by such Permitted Transferee of all obligations of such transferee under this Agreement. 
 3.4
Restrictions on Public Transfers under Rule 144. After the Initial Public Offering, and subject to the provisions of Sections 3.2.2 and 3.2.5, if any Shareholders’ sales of Shares pursuant to Rule 144 would be subject to aggregation
(each such Shareholder whose Shares would be subject to aggregation, a “Related Holder”), then each such Related Holder shall promptly notify each other Related Holder (a) when it has commenced a measurement period for purposes
of the Rule 144 group volume limit in connection with a Sale that is subject to such limit and (b) what the volume limit for that measurement period, determined as of its commencement, will be. Subject to Sections 3.2.2 and 3.2.5, each
Related Holder shall be entitled to effect Sales that are subject to the Rule 144 group volume limit pro rata during the applicable measurement period based on its percentage ownership of Shares held by all such Related Holders at the start of such
measurement period. The provisions of this Section 3.4 shall not apply to any Transfer of Shares (x) in a Public Offering or (y) not subject to volume limitation under Rule 144. 
 3.5 Impermissible Transfer. Subject to applicable law, any attempted Transfer of Shares not permitted under the terms of this Section 3 shall
be null and void, and the Company shall not in any way give effect to any such impermissible Transfer. 
 3.6 Notice of Transfer. To
the extent that, prior to the Initial Public Offering, any Shareholder or Permitted Transferee shall Transfer any Shares, such Shareholder or Permitted Transferee shall, within three (3) Business Days following consummation of such Transfer,
deliver notice thereof to the Company and each Sponsor. 
 3.7 Period. Each of the foregoing provisions of this Section 3 shall
expire upon the earlier of (i) a Change in Control and (ii) Majority Sponsor Approval of the termination in full of the provisions of this Section 3 after the Initial Public Offering. 
 4. “TAG ALONG” AND “DRAG ALONG” RIGHTS. 
 4.1 Tag Along. If any Prospective Selling Shareholder proposes to Sell any Shares to any Prospective Buyer(s) other than in a Transfer pursuant to Section 3.2.1, 3.2.2, 3.2.3 or 3.2.7: 
 4.1.1. Notice. The Prospective Selling Shareholder shall, prior to any such proposed Transfer, deliver a written notice (the
“Tag Along Notice”) to each Co-Investor (each such Co-Investor, a “Tag Along Holder”). The Tag Along Notice shall include: 
 (a) the principal terms and conditions of the proposed Sale, including (i) the number and class of the Shares to be purchased from
the Prospective Selling Shareholder, (ii) the fraction(s) expressed as a percentage, determined by dividing the number of Shares of each class to be purchased from the Prospective Selling Shareholder by the total number of Shares of each such
class held by the Prospective Selling Shareholder (for each class, the “Tag Along Sale Percentage”) (it being understood that the Company shall reasonably cooperate with the Prospective Selling Shareholder in respect of the
determination of each applicable 

  

 - 12 - 

 
Tag Along Sale Percentage), (iii) the purchase price or the formula by which such price is to be determined and the payment terms, including a
description of any non-cash consideration sufficiently detailed to permit valuation thereof, (iv) the name and address of each Prospective Buyer and (v) if known, the proposed Transfer date; and 
 (b) an invitation to each Tag Along Holder to make an offer to include in the proposed Sale to the applicable Prospective Buyer(s) Shares
of the same class(es) being sold by the Prospective Selling Shareholder held by such Tag Along Holder (not in any event to exceed the Tag Along Sale Percentage of the total number of Shares of the applicable class held by such Tag Along Holder), on
the same terms and conditions (subject to Section 4.4.3 in the case of Options, Warrants and Convertible Securities), with respect to each Share Sold, as the Prospective Selling Shareholder shall Sell each of its Shares. For purposes of this
Section 4.1, but subject to Section 4.4.3, all Options, Warrants and Convertible Securities will be treated as the same class of Shares for which they may be exercised. 
 4.1.2. Exercise. Within ten (10) Business Days after the date of delivery of the Tag Along Notice (such date the “Tag
Along Deadline”), each Tag Along Holder desiring to make an offer to include Shares in the proposed Sale (each a “Participating Seller” and, together with the Prospective Selling Shareholder and any other shareholders of
the Company entitled to participate in the proposed Transfer, collectively, the “Tag Along Sellers”) shall deliver a written notice (the “Tag Along Offer”) to the Prospective Selling Shareholder indicating the
number of Shares which such Participating Seller desires to have included in the proposed Sale (subject to the limitation set forth in Section 4.1.1(b)). Each Tag Along Holder who does not make a Tag Along Offer in compliance with the above
requirements, including the time period, shall be deemed to have waived all of such Tag Along Holder’s rights to participate in such Sale, and the Tag Along Sellers shall thereafter be free to Sell to the Prospective Buyer, at a purchase price
no greater than the purchase price set forth in the Tag Along Notice and on other terms and conditions which are not materially more favorable to the Tag Along Sellers than those set forth in the Tag Along Notice, without any further obligation to
such non-accepting Tag Along Holder(s) pursuant to this Section 4.1. 
 4.1.3. Irrevocable Offer. The offer of
each Participating Seller contained in such Participating Seller’s Tag Along Offer shall be irrevocable, and, to the extent such offer is accepted, such Participating Seller shall be bound and obligated to Sell in the proposed Sale on the same
terms and conditions, with respect to each Share Sold (subject to Section 4.4.3 in the case of Options, Warrants and Convertible Securities), as the Prospective Selling Shareholder, up to such number of Shares as such Participating Seller shall
have specified in such holder’s Tag Along Offer; provided, however, that if the principal terms of the proposed Sale change with the result that the purchase price shall be less than the purchase price set forth in the Tag Along
Notice or the other terms and conditions shall be materially less favorable to the Tag Along Sellers than those set forth in the Tag Along Notice, the Prospective Seller shall provide written notice thereof to each Participating Seller and each
Participating Seller shall be permitted to withdraw the 

  

 - 13 - 

 
offer contained in such holder’s Tag Along Offer by written notice to the Prospective Selling Shareholder within three (3) Business Days after
delivery of such written notice from the Prospective Selling Shareholder and upon such withdrawal shall be released from such Participating Seller’s obligations thereunder. 
 4.1.4. Reduction of Shares Sold. The Prospective Selling Shareholder shall attempt to obtain the inclusion in the proposed Sale of
the entire number of Shares which each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Shareholder by the Tag Along Notice and in the case of each Participating Seller by such
Participating Seller’s Tag Along Offer). In the event the Prospective Selling Shareholder shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale shall
be allocated among the Tag Along Sellers in proportion, as nearly as practicable, as follows: 
 (a) there shall be first
allocated to each Tag Along Seller a number of Shares equal to the lesser of (i) the number of Shares of the applicable class offered (or proposed, in the case of the Prospective Selling Shareholder) to be included by such Tag Along Seller in
the proposed Sale pursuant to this Section 4.1, and (ii) a number of Shares equal to such Tag Along Seller’s Pro Rata Portion; and 
 (b) the balance, if any, not allocated pursuant to clause (a) above shall be allocated to the Prospective Selling Shareholder and each other Tag Along Seller which offered to sell a number of Shares of the
applicable class in excess of such Person’s Pro Rata Portion, pro rata to each Tag Along Seller based upon the amount of such excess, or in such manner as the Tag Along Sellers may otherwise agree. 
 4.1.5. Additional Compliance. If, prior to consummation, the terms of the proposed Sale shall change with the result that the
purchase price to be paid in such proposed Sale shall be greater than the purchase price set forth in the Tag Along Notice or the other terms of such proposed Sale shall be materially more favorable to the Tag Along Sellers than those set forth in
the Tag Along Notice, the Tag Along Notice shall be null and void, and it shall be necessary for a separate Tag Along Notice to be delivered, and the terms and provisions of this Section 4.1 separately complied with, in order to consummate such
proposed Sale pursuant to this Section 4.1; provided, however, that in the case of such a separate Tag Along Notice, the applicable period to which reference is made in Section 4.1.2 shall be three (3) Business Days. In
addition, if the Prospective Selling Shareholders have not completed the proposed Sale by the end of the 180th day after the date of delivery of the Tag Along Notice, each Participating Seller shall be released from such Participating Seller’s
obligations under such Participating Seller’s Tag Along Offer, the Tag Along Notice shall be null and void, and it shall be necessary for a separate Tag Along Notice to be delivered, and the terms and provisions of this Section 4.1
separately complied with, in order to consummate such proposed Sale pursuant to this Section 4.1, unless the failure to complete such proposed Sale resulted from any failure by any Participating Seller to comply with the terms of this
Section 4.1. 
  

 - 14 - 

 4.1.6. Actions with Respect to Tag Along. In connection with a proposed Sale to
which Section 4.1 applies, each Prospective Selling Shareholder agrees that it shall not enter into any agreement or take any action, the principal purpose of which is to discourage or prevent a particular Tag Along Holder from exercising such
Tag Along Holder’s Tag Along rights pursuant to this Section 4.1. 
 4.2 Drag Along. With respect to a Change in Control
which receives Majority Sponsor Approval, each Shareholder hereby agrees, if requested by the Majority Sponsors, to Sell the same percentage (the “Drag Along Sale Percentage”) of the total number of each class of such Shares held by
the Prospective Selling Shareholders that is proposed to be sold by the Prospective Selling Shareholders to a Prospective Buyer in such Change in Control (in one transaction or a series of related transactions), in the manner and on the terms set
forth in this Section 4.2. For purposes of this Section 4.2, but subject to Section 4.4.3, all Options, Warrants and Convertible Securities will be treated as the same class of Shares for which they may be exercised. All Shares to be
sold to the Prospective Buyer shall be included in determining whether or not a proposed transaction constitutes a Change in Control. 
 4.2.1. Exercise. If the Prospective Selling Shareholders wish to exercise the drag-along rights contained in this Section 4.2, then the Prospective Selling Shareholders shall deliver a written notice (the
“Drag Along Notice”) to each other Shareholder at least ten (10) Business Days prior to the consummation of the Change in Control transaction. The Drag Along Notice shall set forth the principal terms and conditions of the
proposed Sale, including (a) the number and class of Shares to be acquired from the Prospective Selling Shareholders, (b) the Drag Along Sale Percentage for each class, (c) the consideration to be received in the proposed Sale for
each class, (d) the name and address of the Prospective Buyer and (e) if known, the proposed Transfer date. If the Prospective Selling Shareholders consummate the proposed Sale to which reference is made in the Drag Along Notice, each
other Shareholder (each, a “Participating Seller,” and, together with the Prospective Selling Shareholders, collectively, the “Drag Along Sellers”) shall: (i) be bound and obligated to Sell the Drag Along Sale
Percentage of such Drag Along Seller’s Shares of each class in the proposed Sale on the same terms and conditions, with respect to each Share Sold (subject to Section 4.2.2 and, in the case of Options, Warrants and Convertible Securities,
Section 4.4.3) as the Prospective Selling Shareholders shall Sell each Share in the Sale (subject to Section 4.4.3 in the case of Options, Warrants and Convertible Securities); and (ii) except as provided in Section 4.4.3, shall
receive the same form and amount of consideration per Share to be received by the Prospective Selling Shareholders for the corresponding class of Shares (on an as converted basis, in the case of Convertible Securities). If any holders of Shares of
any class are given an option as to the form and amount of consideration to be received, all holders of Shares of such class will be given the same option. Unless otherwise agreed by each Drag Along Seller, any non-cash consideration shall be
allocated among the Drag Along Sellers pro rata based upon the aggregate amount of consideration to be received by such Drag Along Sellers. If at the end of the 180th day after the date of delivery of the Drag Along Notice the Prospective Selling
Shareholders have not completed the proposed Sale, the Drag Along Notice shall be null and void, each Participating Seller shall be released from such holder’s obligation under the Drag Along Notice and it shall be necessary for a separate Drag
Along Notice to be delivered and the terms and provisions of this Section 4.2 separately complied with, in order to consummate such proposed Sale pursuant to this Section 4.2. 
  

 - 15 - 

 4.2.2. Drag Along Seller Exclusions. Notwithstanding Section 4.2.1 but
subject to Section 4.4.1, the requirement that Drag Along Sellers Sell on the same terms and conditions as the Prospective Selling Shareholders shall not apply to any provisions providing for bona fide advisory fees paid for actual services
rendered for any Sponsor or requiring any Sponsor to agree to a non-compete. 
 4.3 [Reserved]. 
 4.4 Miscellaneous. The following provisions shall be applied to any proposed Sale to which Section 4.1 or 4.2 applies: 
 4.4.1. Further Assurances. The Company and each Participating Seller shall take or cause to be taken all such actions as may be
reasonably necessary or reasonably desirable in order to expeditiously consummate each Sale pursuant to Section 4.1 or Section 4.2 and any related transactions, including executing, acknowledging and delivering consents, assignments,
waivers and other documents or instruments; furnishing information and copies of documents; filing applications, reports, returns, filings and other documents or instruments with governmental authorities; and otherwise cooperating with the
Prospective Selling Shareholder(s) and the Prospective Buyer; provided, however, that Participating Sellers shall be obligated to become liable in respect of any representations, warranties, covenants, indemnities or otherwise to the
Prospective Buyer solely to the extent provided in the immediately following sentence. Without limiting the generality of the foregoing, each Participating Seller agrees to execute and deliver such agreements as may be reasonably specified by the
Prospective Selling Shareholder(s) to which such Prospective Selling Shareholder(s) will also be party, including agreements to (a)(i) make individual representations, warranties, covenants and other agreements as to the unencumbered title to its
Shares and the power, authority and legal right to Transfer such Shares, the absence of any Adverse Claim with respect to such Shares and the non-contravention of other agreements and (ii) be liable as to such representations, warranties,
covenants and other agreements, in each case to the same extent (but with respect to its own Shares) as the Prospective Selling Shareholder(s), and (b) in the case of a Sale pursuant to Sections 4.1 or 4.2, be liable (whether by purchase
price adjustment, indemnity payments or otherwise) in respect of representations, warranties, covenants and agreements in respect of the Company and its subsidiaries; provided, however, that the aggregate amount of liability described
in this clause (b) in connection with any Sale of Shares shall not exceed the lesser of (i) such Participating Seller’s pro rata portion of any such liability, to be determined in accordance with such Participating Seller’s
portion of the aggregate proceeds to all Participating Sellers and Prospective Selling Shareholder(s) in connection with such Sale and (ii) the proceeds to such Participating Seller in connection with such Sale. 
 4.4.2. Sale Process. The Majority Sponsors, in the case of a proposed Sale pursuant to Section 4.2, or the Prospective Selling
Shareholder, in the case of a proposed Sale pursuant to Section 4.1, shall, in its sole discretion, decide whether or not to pursue, 

  

 - 16 - 

 
consummate, postpone or abandon any proposed Sale and the terms and conditions thereof. No Shareholder nor any Affiliate thereof shall have any liability to
any other Shareholder or the Company arising from, relating to or in connection with the pursuit, consummation, postponement, abandonment or terms and conditions of any proposed Sale except to the extent such holder shall have failed to comply with
the provisions of this Section 4 and such failure shall have prevented the Company or such other Shareholder from exercising its rights pursuant to Section 4.1 or 4.2, as applicable. 
 4.4.3. Treatment of Options, Warrants and Convertible Securities. If any Participating Seller shall Sell any Options, Warrants or
Convertible Securities that are exercisable, convertible or exchangeable in any Sale pursuant to Section 4, such Participating Seller shall receive in exchange for such Options, Warrants or Convertible Securities consideration in the amount (if
greater than zero) equal to the purchase price received by the Prospective Selling Shareholder(s) in such Sale for the number of Outstanding Company Shares that would be issued upon exercise, conversion or exchange of such Options, Warrants or
Convertible Securities less the exercise price, if any, of such Options, Warrants or Convertible Securities (or, with respect to Convertible Securities, if greater, the amount of the liquidation preference, if any, such securities would be entitled
to in connection with such Sale in lieu of converting), in each case, subject to reduction for any tax or other amounts required to be withheld under applicable law. 
 4.4.4. Closing. The closing of a Sale to which Section 4.1 or 4.2 applies shall take place (i) on the proposed Transfer
date, if any, specified in the Tag Along Notice or Drag Along Notice, as applicable (provided that consummation of any Transfer may be extended beyond such date to the extent necessary to obtain any applicable governmental approval or other
required approval or to satisfy other conditions), (ii) if no proposed Transfer date was required to be specified in the Drag Along Notice, at such time as the Prospective Selling Shareholders shall specify by notice to each Participating
Seller, and (iii) at such place as the Prospective Selling Shareholder(s) shall specify by notice to each Participating Seller. At the closing of such Sale, each Participating Seller shall deliver the certificates evidencing the Shares to be
Sold by such Participating Seller, duly endorsed, or with stock (or equivalent) powers duly endorsed, for transfer with signature guaranteed, free and clear of any liens or encumbrances (other than any arising as a result of the terms of this
Agreement), with any stock (or equivalent) transfer tax stamps affixed, against delivery of the applicable consideration. 
 4.5
Period. The provisions of Sections 3.2, 4.1 and 4.2 may be collectively terminated in their entirety at any time following the Initial Public Offering with Majority Sponsor Approval. All of the provisions of this Section 4 above
shall expire upon a Change in Control that has been approved by Majority Sponsor Approval. 
 5. [RESERVED]. 
  

 - 17 - 

 6. COVENANTS. 
 6.1 Information Rights. 
 6.1.1. Historical Financial Information. The Company
will furnish to each Sponsor that owns at least 2.5% of the Outstanding Company Shares, as soon as available, and in any event within 30 days after the end of each month (other than the last month of a fiscal quarter), the consolidated balance sheet
of the Company and its Subsidiaries as at the end of such month and the related consolidated statements of income and cash flows for such month and the portion of the fiscal year then ended (to the extent prepared by the Company), setting forth in
each case the figures for the corresponding periods of the previous fiscal year in comparative form, all in reasonable detail. 
 6.1.2. Tax Information Within 90 days after the end of each fiscal year to the extent reasonably practicable, and in any event within 120 days after the end of each fiscal year, the Company shall cause to be delivered to any Person
who was a Shareholder during such prior fiscal year all information necessary for the preparation of such Person’s income tax returns (whether federal, state or foreign). 
 6.1.3. Access. So long as any Sponsor owns at least 5% of the Outstanding Company Shares, such Sponsor shall have the right to
(a) inspect, during normal business hours upon reasonable advance notice to the Company and its Subsidiaries, as applicable, and without unreasonably interfering with the Company’s and the Subsidiaries’, as applicable, normal business
operations, such of the Company’s and its Subsidiaries’ facilities, records, files and other information as it may reasonably request and (b) meet with the Company’s and its Subsidiaries’ officers, other management personnel
and outside accountants to obtain such information regarding the Company and its Subsidiaries and their respective businesses and prospects as it may reasonably request. 
 6.1.4. Period. The provisions of this Section 6.1 shall expire on a Change in Control. 
 6.2 Confidentiality. Each Shareholder agrees that it will keep confidential and will not disclose, divulge or use for any purpose, other than in
connection with its investment in the Company and its Subsidiaries, any confidential information obtained from the Company pursuant to the terms of this Agreement, unless such confidential information (i) is known or becomes known to the public
in general (other than as a result of a breach of this Section 6.2 by such Shareholder or its Affiliates), (ii) is or has been independently developed or conceived by such Shareholder without use of the Company’s or any
Subsidiary’s confidential information or (iii) is or has been made known or disclosed to such Shareholder by a third party (other than an Affiliate or agent of such Shareholder) without a breach of any obligation of confidentiality such
third party may have to the Company or any Subsidiary that is known to such Shareholder; provided, however, that a Shareholder may disclose confidential information (a) to its attorneys, accountants, consultants, and other professionals
to the extent necessary to obtain their services in connection with its investment in the Company or for evaluating and preparing disclosure pursuant to clause (d) below, (b) to any prospective purchaser of any Shares from such 

  

 - 18 - 

 
Shareholder as long as such prospective purchaser agrees to be bound by the provisions of this Section 6.2, (c) to any Affiliate, partner or member
of such Shareholder in the ordinary course of business, (d) to the extent necessary for a Shareholder to enforce its rights under this Agreement, the other agreements entered into in connection herewith and under the Company Memorandum of
Association and Company Articles of Association or (e) as may otherwise be required by law (including reporting under Securities laws and governmental filings); provided that such Shareholder takes reasonable steps to minimize the extent
of any such required disclosure, including using best efforts to obtain a protective order in any legal proceeding, and provide the Company with written notice describing the disclosure that was or is to be made; provided, further,
that the acts and omissions of any Person to whom such Shareholder may disclose confidential information pursuant to clauses (a) and (c) of the preceding proviso shall be attributable to such Shareholder for purposes of determining such
Shareholder’s compliance with this Section 6.2. 
 Each of the parties hereto acknowledges that the Sponsors may review the
business plans and related proprietary information of many enterprises, including enterprises which may have products or services which compete directly or indirectly with those of the Company or the Subsidiaries. Nothing in this Section 6.2
shall preclude or in any way restrict the Sponsors or their Affiliates from investing or participating in any particular enterprise, or trading in the securities thereof, whether or not such enterprise has products or services that compete with
those of the Company or the Subsidiaries. Except as a Sponsor may otherwise agree in writing after the date hereof with respect to itself or its Affiliates (or its or its Affiliates’ employees, officers, directors, partners, members,
shareholders, or agents): (i) such Persons shall have the right to, and shall have no duty (contractual or otherwise) not to, directly or indirectly: (A) engage in the same or similar business activities or lines of business as the Company
or any of its Subsidiaries and (B) do business with any client or customer of the Company or any of its Subsidiaries; (ii) no such Person shall be liable to the Company or any of its Subsidiaries or Shareholders for breach of any duty
(contractual or otherwise) by reason of any such activities or of such Person’s participation therein; and (iii) in the event that any such Person acquires knowledge of a potential transaction or matter that may be a corporate opportunity
for the Company or its Subsidiaries on the one hand, and any such Person on the other hand, or any other person, no such Person shall have any duty (contractual or otherwise) to communicate or present such corporate opportunity to the Company or any
of its Subsidiaries or any of its Shareholders and, notwithstanding any provision of this Agreement to the contrary, such Persons shall not be liable to the Company or its Subsidiaries or Shareholders for breach of any duty (contractual or
otherwise) by reason of the fact that any such Person directly or indirectly pursues or acquires such opportunity for itself, directs such opportunity to another person, or does not present such opportunity to the Company or its Subsidiaries or
Shareholders. 
 6.3 Suspension of Information Rights. Any Sponsor entitled to receive any information from the Company pursuant to
this Section 6 may, by written notice to the Company, suspend its right to receive any or all of such information for any period of time, as indicated in such notice, and the Company shall comply with such Sponsor’s request. 
  

 - 19 - 

 7. REMEDIES. 
 7.1 Generally. The parties shall have all remedies available at law, in equity or otherwise in the event of any breach or violation of this Agreement or any default hereunder. The parties acknowledge and agree that in the event of
any breach of this Agreement, in addition to any other remedies which may be available, each of the parties hereto shall be entitled to specific performance of the obligations of the other parties hereto and, in addition, to such other equitable
remedies (including preliminary or temporary relief) as may be appropriate in the circumstances. 
 8. LEGENDS. 
 8.1 Restrictive Legend. Each certificate representing Shares shall have the following legend endorsed conspicuously thereupon: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN TRANSFER AND OTHER RESTRICTIONS PURSUANT TO A SHAREHOLDER AGREEMENT DATED AS
OF DECEMBER 1, 2005 AMONG THE ISSUER OF SUCH SECURITIES (THE “COMPANY”) AND CERTAIN OF THE COMPANY’S SHAREHOLDERS, AS AMENDED. A COPY OF SUCH SHAREHOLDER AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER
HEREOF UPON WRITTEN REQUEST.” 
 Any Person who acquires Shares which are not subject to the terms of this Agreement shall have the
right to have such legend (or the applicable portion thereof) removed from certificates representing such Shares. 
 8.2 Securities Act
Legend. Each certificate representing Shares shall have the following legend endorsed conspicuously thereupon: 
 “THE SECURITIES
OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY COUNTRY AND ARE BEING OFFERED AND SOLD IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT. THE SECURITIES PURCHASED HEREUNDER ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND RESALE UNDER A SHAREHOLDER AGREEMENT AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND OTHER
APPLICABLE LAWS PURSUANT TO REGISTRATION OR EXEMPTION FROM REGISTRATION REQUIREMENTS THEREUNDER AND UNDER SUCH SHAREHOLDER AGREEMENT” 
  

 - 20 - 

 8.3 Stop Transfer Instruction. The Company will instruct any transfer agent not to register the
Transfer of any Shares until the conditions specified in the foregoing legends and this Agreement are satisfied. 
 8.4 Termination of the
Securities Act Legend. The requirement imposed by Section 8.2 shall cease and terminate as to any particular Shares (a) when, in the opinion of counsel reasonably acceptable to the Company, such legend is no longer required in order to
assure compliance by the Company with the Securities Act or applicable foreign securities laws or (b) when such Shares have been effectively registered under the Securities Act or transferred pursuant to Rule 144 and in accordance with
applicable foreign securities laws. Wherever such requirement shall cease and terminate as to any Shares, the holder thereof shall be entitled to receive from the Company, without expense, new certificates not bearing the legend set forth in
Section 8.2. 
 9. AMENDMENT, TERMINATION, ETC. 
 9.1 Oral Modifications. This Agreement may not be orally amended, modified, extended or terminated, nor shall any oral waiver of any of its terms be effective. 
 9.2 Written Modifications. Except as otherwise expressly set forth herein, this Agreement may be amended, modified, extended or terminated, and
the provisions hereof may be waived, only by an agreement in writing signed by the Company and Sponsors holding not less than 70% of the Outstanding Company Shares held by all Sponsors; provided, however, the admission of new parties
pursuant to the terms of Section 3.3 shall not constitute an amendment of or notification of this Agreement for purposes of this Section 9.2. 
 Notwithstanding the foregoing, if any amendment, modification, extension, termination or waiver (an “Amendment”) would (i) adversely change or affect the rights of a particular Sponsor in a manner disproportionate to
the rights of the Sponsors approving such Amendment, or (ii) adversely impose any additional material obligations on a particular Sponsor, then the consent of such particular Sponsor shall also be required. 
 Each such Amendment shall be binding upon each party hereto and each Shareholder subject hereto. In addition, each party hereto and each Shareholder subject hereto may
waive any right hereunder, as to itself, by an instrument in writing signed by such party or Shareholder. To the extent the Amendment of any Section of this Agreement would require a specific consent pursuant to this Section 9.2, any Amendment
to definitions to the extent used in such Section shall also require the specified consent. 
 9.3 Effect of Termination. No
termination under this Agreement shall relieve any Person of liability for breach prior to termination. 
  

 - 21 - 

 10. DEFINITIONS. For purposes of this Agreement: 
 10.1 Certain Matters of Construction. In addition to the definitions referred to or set forth below in this Section 10: 
 (a) The words “hereof,” “herein,” “hereunder” and words of similar import shall refer to this Agreement as a
whole and not to any particular Section or provision of this Agreement, and reference to a particular Section of this Agreement shall include all subsections thereof; 
 (b) The word “including” shall mean including, without limitation; 
 (c) Definitions shall be equally applicable to both nouns and verbs and the singular and plural forms of the terms defined; and

 (d) The masculine, feminine and neuter genders shall each include the other. 
 10.2 Definitions. The following terms shall have the following meanings: 
 “Acquisition” means the acquisition of the Semiconductor Products Group of Agilent pursuant to an Asset Purchase Agreement, and
ancillary agreements, between the Company and Agilent dated August 14, 2005, as amended from time to time. 
 “Adverse
Claim” shall have the meaning set forth in Section 8-102 of the applicable Uniform Commercial Code. 
 “Advisory
Agreement” shall mean the Advisory Agreement made and entered into as of the Original Agreement Effective Date by and among the Company, Kohlberg Kravis Roberts & Co., L.P., a Delaware limited partnership, and Silver Lake
Management Company, L.L.C., a Delaware limited liability company. 
 “Affiliate” shall mean, with respect to any Person,
(i) any other Person which directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such Person (for the purposes of this definition, “control” (including, with
correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise); provided, however, that neither the Company nor any of its controlled Affiliates shall be deemed an
Affiliate of any of the Shareholders (and vice versa); provided, further, neither Integral Capital nor Capstone shall be deemed to be an Affiliate of any of Silver Lake, Avago Partners or KKR, (ii) if such Person is an investment
fund, any other investment fund the primary investment advisor to which is the primary investment advisor to such Person or an Affiliate thereof and (iii) if such Person is a natural Person, any Family Member of such natural Person. 

“Agilent” means Agilent Technologies, Inc., a Delaware corporation. 
 “Agreement” shall have the meaning set forth in the Preamble. 
 “Amended Agreement” shall have the meaning set forth in the Recitals. 
 “Amended Agreement Effective Date” shall have the meaning set forth in the Recitals. 
  

 - 22 - 

 “Amendment” shall have the meaning set forth in Section 9.2. 
 “Avago Partners” shall have the meaning set forth in the Preamble. 
 “Board” shall have the meaning set forth in the Recitals. 
 “Board Designator” has the meaning set forth in Section 2.2.1. 
 “Business
Day” shall mean any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be closed in Singapore. 
 “Capstone” shall have the meaning set forth in the Preamble. 
 “Capstone
Shareholder Agreement” shall mean the Shareholder Agreement, dated as of February 3, 2006, between the Company and Capstone. 
 “Change in Control” shall mean any transaction or series of related transactions (whether by merger, consolidation or sale or transfer of the Company Equity Shares or assets (including stock of its Subsidiaries), or
otherwise) as a result of which an Independent Third Party obtains ownership, directly or indirectly, (i) of Company Equity Shares which represent more then 50% of the total voting power in the Company or (ii) by lease, license, sale or
otherwise, of all or substantially all of the assets of the Company and its Subsidiaries on a consolidated basis. 
 “Charitable
Organization” shall mean a charitable organization as described by Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time. 
 “Co-Investor” shall mean any of Temasek, Geyser, Avago Partners, Integral Capital or Capstone. 
 “Company” shall have the meaning set forth in the Preamble. 
 “Company Articles of Association”
shall mean the amended and restated articles of association of the Company, as amended from time to time. 
 “Company Equity
Shares” shall mean the Company Shares and any other classes of ordinary or preferred shares of the Company. 
 “Company
Memorandum of Association” shall mean the amended and restated memorandum of association of the Company, as amended from time to time. 
 “Company Shares” shall have the meaning set forth in the Recitals. 
 “Convertible Securities”
shall mean any evidence of indebtedness, shares of stock or other securities or rights (other than Options and Warrants) which are directly or indirectly convertible into or exchangeable or exercisable for Company Shares. 
 “Current Percentage Ownership” of Silver Lake, KKR or a Sponsor means, as of a date of determination, the number of Shares owned by
Silver Lake, KKR or such Sponsor, as the case may be, divided by the number of Silver Lake’s, KKR’s or such Sponsor’s, as the case may be, 

  

 - 23 - 

 
Initial Shares. For purposes of calculating the Current Percentage Ownership of Silver Lake or KKR, each of Silver Lake and KKR shall be deemed to own its
pro rata portion of the number of Shares owned by Luxco based upon their ownership of Luxco equity securities. 
 “Drag Along
Notice” shall have the meaning set forth in Section 4.2.1. 
 “Drag Along Sale Percentage” shall have the
meaning set forth in Section 4.2. 
 “Drag Along Sellers” shall have the meaning set forth in Section 4.2.1.

 “Effective Date” shall have the meaning set forth in Section 1. 
 “Equivalent Shares” shall mean, at any date of determination, (a) as to any Outstanding Company Shares, such number of Outstanding
Company Shares and (b) as to any outstanding Options, Warrants or Convertible Securities which constitute Shares, the number of Outstanding Company Shares for which or into which such Options, Warrants or Convertible Securities may at the time
be exercised, converted or exchanged (or which will become exercisable, convertible or exchangeable on or prior to, or by reason of, the transaction or circumstance in connection with which the number of Equivalent Shares is to be determined).

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as in effect from time to time. 
 “Family Member” shall mean, with respect to any natural Person, such Person’s spouse and descendants (whether or not adopted) and
any trust, family limited partnership or limited liability company that is and remains solely for the benefit of such Person’s spouse and/or descendants. 
 “Geyser” shall have the meaning set forth in the Preamble. 
 “Indemnitees”
shall have the meaning set forth in Section 11.9. 
 “Independent Third Party” means any Person or group (within the
meaning of Section 13(d)(3) of the Exchange Act) that is not one of the Majority Sponsors (or any Affiliate of such Majority Sponsor, or any officer, director, or employee of such Majority Sponsor or its Affiliates). 
 “Initial Public Offering” shall mean the initial firm commitment underwritten Public Offering registered under the Securities Act or
equivalent foreign securities laws (other than a registration statement on Form F-4, Form S-4 or Form S-8 (or any similar or successor form or equivalent foreign form)). 
 “Initial Shares” shall mean, with respect to Silver Lake, KKR or any Sponsor, the number of Shares owned by Silver Lake, KKR or such Sponsor, as the case may be, on the date hereof, as set forth
opposite such Person’s name on Schedule I attached hereto; which number of Shares shall be proportionally adjusted (and Schedule I shall be modified accordingly) for any stock split, combinations, stock dividend or other
recapitalization affecting the Company Equity Shares. For purposes of calculating the number of Initial Shares held by each of Silver Lake and KKR, each of Silver Lake and 

  

 - 24 - 

 
KKR shall be deemed to own its pro rata portion of the number of Company Shares owned by Luxco on the date hereof based upon their ownership of Luxco equity
securities. 
 “Integral Capital” shall have the meaning set forth in the Preamble. 
 “KKR Designees” shall have the meaning set forth in Section 2.1.2(b). 
 “KKR” shall have the meaning set forth in the Preamble. 
 “KKR Europe” shall have the meaning set forth in the Preamble. 
 “KKR Europe
II” shall have the meaning set forth in the Preamble. 
 “KKR Millennium” shall have the meaning set forth in the
Preamble. 
 “Luxco” shall have the meaning set forth in the Preamble. 
 “Luxco Securities Subscription Agreement” shall mean the Securities Subscription Agreement made as of the Amended Agreement Effective
Date between the Company and Luxco. 
 “Majority Sponsor Approval” means the written approval of Silver Lake and KKR.

 “Majority Sponsors” shall mean Silver Lake and KKR, and for so long as Luxco holds Shares, Luxco. 
 “Management Equity Plan” shall have the meaning set forth in the Recitals. 
 “Management Shareholder Agreement” shall have the meaning set forth in the Recitals. 
 “Management Shareholders” shall have the meaning set forth in the Recitals. 
 “Observer” shall have the meaning set forth in Section 2.1.3. 
 “Options” shall mean any options to subscribe for, purchase or otherwise directly acquire Company Shares, other than any such option
held by the Company or any right to purchase shares pursuant to this Agreement. 
 “Original Agreement” has the meaning set
forth in the Recitals. 
 “Original Agreement Effective Date” shall have the meaning set forth in the Recitals. 

“Outstanding Company Shares” shall mean as of the time of determination, the outstanding Company Shares as of such time, including
any Company Shares into which the outstanding Convertible Securities as of such time are convertible (treating such Convertible Securities as a number of outstanding Company Shares for which or into which such Convertible Securities may at the time
be converted for all purposes of this Agreement except as otherwise specifically set forth herein). Outstanding Company Shares does not include Company Shares 

  

 - 25 - 

 
issuable upon exercise of Options or Warrants which have not actually been issued as of the time of determination. In determining Outstanding Company Shares
owned by KKR or Silver Lake, in addition to the application of Section 11.1, (i) each of KKR, Silver Lake, Integral Capital, Capstone and Avago Partners shall be deemed to own their pro rata share of Company Equity Securities owned by
Luxco based upon their ownership of Luxco equity securities and (ii) each of KKR and Silver Lake shall be deemed to own Company Equity Shares owned, or deemed owned pursuant to clause (i) above, by Avago Partners. 
 “Participating Seller” shall have the meaning set forth in Sections 4.1.2 and 4.2.1. 
 “Permitted Transferee” shall mean, with respect to any Shareholder, an Affiliate of such Shareholder (other than any “portfolio
company” of such Shareholder or any entity controlled by any portfolio company of such Shareholder); provided that such transferee shall agree to be bound by the terms of this Agreement in accordance with Section 3.3. With respect
to Temasek, Permitted Transferees of Temasek includes Affiliates of Temasek Holdings (Private) Limited. 
 “Person” shall
mean any individual, partnership, corporation, company, association, trust, joint venture, limited liability company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision
thereof. 
 “Pro Rata Portion” shall mean, with respect to each Tag Along Seller, a number of Shares equal to the aggregate
number of Shares of the applicable class that the Prospective Buyer is willing to purchase in the proposed Sale, multiplied by a fraction, the numerator of which is the aggregate number of Shares of the applicable class held by such Tag Along Seller
and the denominator of which is the aggregate number of Shares of the applicable class held by all Tag Along Sellers. 
 “Prospective
Buyer” shall mean any Person, including the Company or any of its Subsidiaries, proposing to purchase or otherwise acquire Shares from a Prospective Selling Shareholder. 
 “Prospective Selling Shareholder” shall mean: 
 (a) for purposes of Section 4.1, any Majority Sponsor that proposes to Transfer any Shares to any Prospective Buyer; and 

(b) for purposes of Section 4.2, any Shareholder forming part of the group of Majority Sponsors that has elected to exercise the
drag along right provided by such Section. 
 “Public Offering” shall mean a public offering and sale of Company Shares by
the Company (or any successor) pursuant to an effective registration statement under the Securities Act and/or in compliance with equivalent applicable foreign securities laws. 
 “Registration Rights Agreement” shall have the meaning set forth in Section 11.4. 
 “Related Holder” shall have the meaning set forth in Section 3.4. 
  

 - 26 - 

 “Rule 144” shall mean Rule 144 under the Securities Act (or any successor rule).

 “Sale” shall mean a Transfer for value and the terms “Sell” and “Sold” shall have
correlative meanings. 
 “Securities Act” shall mean the United States Securities Act of 1933, as in effect from time to
time. 
 “Securities Subscription Agreement” shall mean the Securities Subscription Agreement made as of the Original
Agreement Effective Date among the Company and each of the investors listed on Schedule 1 thereto. 
 “Senior Manager”
shall mean the chief executive officer (or if none, the highest ranking executive officer) of the Company, and any management employee of the Company that reports directly to the chief executive officer (or if none, the highest ranking executive
officer) of the Company. 
 “Shareholders” shall have the meaning set forth in the Preamble. 
 “Shares” shall mean (a) all Outstanding Company Shares held by a Shareholder, whenever issued, including all Outstanding Company
Shares issued upon the exercise, conversion or exchange of any Options, Warrants or Convertible Securities, and (b) all Options, Warrants and Convertible Securities held by a Shareholder (treating such Options, Warrants and Convertible
Securities as a number of Company Shares equal to the number of Equivalent Shares represented by such Options, Warrants and Convertible Securities for all purposes of this Agreement except as otherwise specifically set forth herein). 
 “Silver Lake” shall have the meaning set forth in the Preamble. 
 “SLP” shall have the meaning set forth in the Preamble. 
 “SLP Cayman” shall have the meaning set forth in the Preamble. 
 “SLP
Designees” shall have the meaning set forth in Section 2.1.2(a). 
 “Sponsor Designees” shall have the meaning
set forth in Section 2.1.2(c). 
 “Sponsors” shall mean the Majority Sponsors and the Co-Investors. 
 “Subsidiary” means, with respect to any Person, any company, corporation, partnership, limited liability company, association, joint
venture or other business entity of which (i) if a company or corporation, at least 50% of the total voting power of shares or stock entitled (irrespective of whether, at the time, stock of any other class or classes of such corporation shall
have or might have voting power by reason of the happening 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 that Person or one or more of the other
Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, limited liability company, association, joint venture or other business entity, at least 50% of the partnership, joint venture or other similar ownership 

  

 - 27 - 

 
interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination
thereof. For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more Subsidiaries, and, unless otherwise indicated, the term “Subsidiary” refers to a
Subsidiary of the Company. 
 “Tag Along Deadline” shall have the meaning set forth in Section 4.1.2. 
 “Tag Along Holder” shall have the meaning set forth in Section 4.1.1. 
 “Tag Along Notice” shall have the meaning set forth in Section 4.1.1. 
 “Tag Along Offer” shall have the meaning set forth in Section 4.1.2. 
 “Tag Along Sale Percentage” shall have the meaning set forth in Section 4.1.1(a). 
 “Tag Along Sellers” shall have the meaning set forth in Section 4.1.2. 
 “Temasek” shall have the meaning set forth in the Preamble. 
 “Temasek Designee” shall have the meaning set forth in Section 2.1.2(c). 
 “Third-Party Claim” shall have the meaning set forth in Section 11.9. 
 “Transaction Agreements” shall mean this Agreement, the Registration Rights Agreement, the Securities Subscription Agreement and the
Luxco Securities Subscription Agreement. 
 “Transfer” shall mean any sale, pledge, assignment, encumbrance or other
transfer or disposition of any Shares to any other Person, whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise. 
 “Warrants” shall mean any warrants to subscribe for, purchase or otherwise directly acquire Company Equity Shares. 
 “Wholly Owned Subsidiary” means any Subsidiary of the Company of which all of the capital stock or other ownership interests (including
any options, warrants, or other securities convertible into, or exercisable or exchangeable for, equity securities) are owned by the Company and/or one or more Wholly Owned Subsidiaries. 
 11. MISCELLANEOUS. 
 11.1 Aggregation of Shares. All Shares held by a Shareholder and its
Affiliates shall be aggregated together for purposes of (a) determining the availability of any rights under Sections 2, 3.4, 4, 6 and 9.2 and (b) applying the defined terms “Initial Shares” and “Current Percentage
Ownership”. Each of Silver Lake and KKR shall be deemed to own its own, its Affiliates’ and Avago Partners’ pro rata portion of the number of Outstanding Company Shares owned by Luxco, in addition to all Shares held directly by Avago
Partners, for purposes of 

  

 - 28 - 

 
determining the availability of any rights of Silver Lake and KKR under Section 2 and Section 6.1. Silver Lake shall also be deemed to own Integral
Capital’s pro rata portion of the number of Outstanding Company Shares owned by Luxco, in addition to all Shares held directly by Integral Capital, for purposes of determining the availability of any rights of Silver Lake under
Section 6.1. If the Shares held by a Sponsor are held by or transferred to one or more Affiliates or Permitted Transferees of such Sponsor, then for purposes of this Agreement, the vote or action of such Sponsor shall be made by the holder(s)
of a majority of the Shares of the relevant class(es) held by such Sponsor, Affiliates and Permitted Transferees as to which such vote or action is to be made. 
 11.2 Authority; Effect. Each party hereto represents and warrants to and agrees with each other party that the execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby have been duly authorized on behalf of such party and do not violate any agreement or other instrument applicable to such party or by which its assets are bound. This Agreement does not, and shall not be construed to, give rise to the
creation of a partnership among any of the parties hereto, or to constitute any of such parties members of a joint venture, group or other association. 
 11.3 Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given, delivered and effective on the earliest of
(i) the date of receipt of confirmation of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section 11.3 prior to 5:00 p.m. (New York time) on a Business Day,
(ii) the Business Day after the date of receipt of confirmation of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Agreement later than 5:00 p.m. (local time for the
recipient) on any Business Day and earlier than 11:59 p.m. (local time for the recipient) on the day preceding the next Business Day, (iii) one (1) Business Day after being sent, if sent by nationally recognized overnight courier service
(charges prepaid), (iv) the date of receipt of a non-automated reply email confirming receipt, if sent via email, or (v) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and
communications shall be as follows (or such other address as any such party shall designate by written notice to the other parties): 
  

					
	If to the Company:
		
		 	Avago Technologies Limited
		 	No. 1 Yishun Avenue 7
		 	Singapore 768923
		 	Singapore
		 	Facsimile:	  	(408) 435-4288
		 	Attention:	  	Hock E. Tan and Patricia H. McCall
		 	E-mail:	  	hock.tan@avagotech.com and phmccall@avagotech.com

  

 - 29 - 

					
	
	with a copy to:
		
		 	Kohlberg Kravis Roberts & Co.
		 	2800 Sand Hill Road, Suite 200
		 	Menlo Park, California 94025
		 	Facsimile:	  	(650) 233-6574 and (650) 233-6548
		 	Attention:	  	James H. Greene Jr. and Adam A. Clammer
		 	E-mail:	  	jgreene@kkr.com and adam@kkr.com
	
	and with a copy to:
		
		 	Silver Lake Partners
		 	2725 Sand Hill Road, Suite 150
		 	Menlo Park, California 94025
		 	Facsimile:	  	(650) 234-2593
		 	Attention:	  	 Alan K. Austin, Managing Director and Chief Operating Officer,
 and Yolande Jun, Chief Financial Officer

		 	E-mail:	  	alan.austin@silverlake.com and yolande.jun@silverlake.com
	
	and with a copy to:
		
		 	Latham & Watkins LLP
		 	140 Scott Drive
		 	Menlo Park, CA 94025
		 	Facsimile:	  	(650) 463-2600
		 	Attention:	  	Peter F. Kerman
		 	E-mail:	  	peter.kerman@lw.com
	
	If to Luxco:
		
		 	Bali Investments S.à r.l.
		 	9, rue Schiller
		 	L-2519 Luxembourg
		 	Luxembourg
		 	Facsimile:	  	+352 466 234
		 	Attention:	  	Susanne Th. Kortekaas
		 	E-mail:	  	susanne.kortekas@loyens.com
	
	with a copy to:
		
		 	Kohlberg Kravis Roberts & Co.
		 	2800 Sand Hill Road, Suite 200
		 	Menlo Park, California 94025
		 	Facsimile:	  	(650) 233-6574 and (650) 233-6548
		 	Attention:	  	James H. Greene Jr. and Adam A. Clammer
		 	E-mail:	  	jgreene@kkr.com and adam@kkr.com
	
	and with a copy to:
		
		 	Silver Lake Partners
		 	2725 Sand Hill Road, Suite 150
		 	Menlo Park, California 94025
		 	Facsimile:	  	(650) 234-2593
		 	Attention:	  	Alan K. Austin, Managing Director and Chief Operating Officer,
		 		  	and Yolande Jun, Chief Financial Officer
		 	E-mail:	  	alan.austin@silverlake.com and yolande.jun@silverlake.com

  

 - 30 - 

					
	
	and with a copy to:
		
		 	Latham & Watkins LLP
		 	140 Scott Drive
		 	Menlo Park, CA 94025
		 	Facsimile:	  	(650) 463-2600
		 	Attention:	  	Peter F. Kerman
		 	E-mail:	  	peter.kerman@lw.com
	
	If to Avago Partners:
		
		 	Avago Investment Partners, Limited Partnership
		 	c/o Walkers SPV Limited
		 	PO Box 908GT
		 	George Town, Grand Cayman
		 	Cayman Islands
		 	Facsimile:	  	(345) 814-8217
		 	Attention:	  	Iain McMurdo
		 	E-mail:	  	imcmurdo@walkers.com.ky
	
	with a copy to:
		
		 	Kohlberg Kravis Roberts & Co.
		 	2800 Sand Hill Road, Suite 200
		 	Menlo Park, California 94025
		 	Facsimile:	  	(650) 233-6574 and (650) 233-6548
		 	Attention:	  	James H. Greene Jr. and Adam A. Clammer
		 	E-mail:	  	jgreene@kkr.com and adam@kkr.com
	
	and with a copy to:
		
		 	Silver Lake Partners
		 	2725 Sand Hill Road, Suite 150
		 	Menlo Park, California 94025
		 	Facsimile:	  	(650) 234-2593
		 	Attention:	  	Alan K. Austin, Managing Director and Chief Operating Officer,
		 		  	and Yolande Jun, Chief Financial Officer
		 	E-mail:	  	alan.austin@silverlake.com and yolande.jun@silverlake.com

  

 - 31 - 

					
	and with a copy to:
		
		  	Latham & Watkins LLP
		  	140 Scott Drive
		  	Menlo Park, CA 94025
		  	Facsimile:	  	(650) 463-2600
		  	Attention:	  	Peter F. Kerman
		  	E-mail:	  	peter.kerman@lw.com
	
	If to Silver Lake:
		
		  	Silver Lake Partners II Cayman and
		  	Silver Lake Technology Investors II Cayman
		  	c/o Walkers SPV Limited
		  	PO Box 908GT
		  	George Town, Grand Cayman
		  	Cayman Islands
		  	Facsimile:	  	(345) 814-8217
		  	Attention:	  	Iain McMurdo
		  	E-mail:	  	imcmurdo@walkers.com.ky
	
	with a copy to:
		
		  	Silver Lake Partners
		  	2725 Sand Hill Road, Suite 150
		  	Menlo Park, California 94025
		  	Facsimile:	  	(650) 234-2593
		  	Attention:	  	Alan K. Austin, Managing Director and Chief Operating Officer,
		  		  	and Yolande Jun, Chief Financial Officer
		  	E-mail:	  	alan.austin@silverlake.com and yolande.jun@silverlake.com
	
	and with a copy to:
		
		  	Latham & Watkins LLP
		  	140 Scott Drive
		  	Menlo Park, CA 94025
		  	Facsimile:	  	(650) 463-2600
		  	Attention:	  	Peter F. Kerman
		  	E-mail:	  	peter.kerman@lw.com
	
	If to KKR:
		
		  	KKR Millennium Fund (Overseas), KKR European Fund,
		  	KKR European Fund II and KKR Partners (International)
		  	c/o Eeson & Woolstencroft LLP
		  	Suite 500, 603 - 7th Avenue S.W.
		  	Calgary, Alberta
		  	Canada
		  	Facsimile:	  	(403) 264-1603
		  	Attention:	  	Mark N. Woolstencroft
		  	E-mail:	  	mark.woolstencroft@ewlegal.com

  

 - 32 - 

					
	with a copy to:
		
		  	Kohlberg Kravis Roberts & Co.
		  	2800 Sand Hill Road, Suite 200
		  	Menlo Park, California 94025
		  	Facsimile:	  	(650) 233-6574 and (650) 233-6548
		  	Attention:	  	James H. Greene Jr. and Adam A. Clammer
		  	E-mail:	  	jgreene@kkr.com and adam@kkr.com
	
	and with a copy to:
		
		  	Latham & Watkins LLP
		  	140 Scott Drive
		  	Menlo Park, CA 94025
		  	Facsimile:	  	(650) 463-2600
		  	Attention:	  	Peter F. Kerman
		  	E-mail:	  	peter.kerman@lw.com
	
	If to Integral Capital:
		
		  	Integral Capital Partners
		  	3000 Sand Hill Road
		  	Bldg. 3, Suite 240
		  	Menlo Park, California 94025
		  	Facsimile:	  	(650) 233-0366
		  	Attention:	  	Pamela K. Hagenah
		  	E-mail:	  	pam@icp.com
	
	If to Temasek:
		
		  	Seletar Investments Pte. Ltd.
		  	60B Orchard Road
		  	#06-18
		  	Tower 2
		  	The Atrium @ Orchard
		  	Singapore 238891
		  	Singapore
		  	Facsimile:	  	011-65-6821-1172
		  	Attention:	  	Dennis Siew and Andrew Yeo
		  	E-mail:	  	dsiew@temasek.com.sg and andrewyeo@temasek.com.sg

  

 - 33 - 

					
	with a copy to:
		
		  	Milbank, Tweed, Hadley & McCloy LLP
		  	30 Raffles Place
		  	#14-00 Caltex House
		  	Singapore 048622
		  	Singapore
		  	Facsimile:	  	011-65-6428-2500 and (650) 739-7100
		  	Attention:	  	David H. Zemans and Melainie K. Mansfield
		  	E-mail:	  	dzemans@milbank.com and mmansfield@milbank.com
	
	If to Geyser:
		
		  	Geyser Investment Pte Ltd
		  	c/o GIC
		  	168 Robinson Road
		  	#37-01 Capital Tower
		  	Singapore 068912
		  	Singapore
		  	Facsimile:	  	011-65-6889-6891
		  	Attention:	  	Ng Kin Sze
		  	E-mail:	  	ngkinsze@gic.com.sg
	
	with a copy to:
		
		  	Geyser Investment Pte Ltd
		  	c/o GIC Special Investments Pte. Ltd.
		  	255 Shoreline Drive, Suite 600
		  	Redwood City, CA 94065
		  	Facsimile:	  	(650) 802-1213
		  	Attention:	  	Tay Lim Hock and Soo Yar Ping
		  	E-mail:	  	taylimhock@gic.com.sg and sooyarping@gic.com.sg
	
	and with a copy to:
		
		  	Heller Ehrman LLP
		  	333 Bush Street
		  	San Francisco, CA 94104-2878
		  	Facsimile:	  	(415) 772-6268
		  	Attention:	  	Randall B. Schai
		  	E-mail:	  	randall.schai@hellerehrman.com

  

 - 34 - 

					
	If to Capstone:
		
		 	Capstone Equity Investors LLC
		 	9 West 57th Street
		 	New York, New York 10019
		 	Facsimile:	  	(212) 230-9795
		 	Attention:	  	Dean Nelson
		 	E-mail:	  	nelsd@kkr.com

 11.4 Binding Effect, Etc. Except for the Company Memorandum of Association, the Company
Articles of Association, the Management Shareholder Agreement, the Capstone Shareholder Agreement, the Securities Subscription Agreement, the Luxco Securities Subscription Agreement and the Registration Rights Agreement dated as of the Original
Agreement Effective Date among the Company, the Sponsors and certain other Persons (as amended from time to time, the “Registration Rights Agreement”), this Agreement constitutes the entire agreement of the parties with respect to
its subject matter, supersedes all prior or contemporaneous oral or written agreements or discussions with respect to such subject matter, including the term sheet dated August 14, 2005 among the Company, Temasek, Geyser and certain entities
affiliated with KKR and Silver Lake, and shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, representatives, successors and permitted assigns. Except as otherwise expressly provided herein, no holder
party hereto may assign any of its respective rights or delegate any of its respective obligations under this Agreement without the prior written consent of each of the Sponsors, and any attempted assignment or delegation in violation of the
foregoing shall be null and void. 
 11.5 Descriptive Heading. The descriptive headings of this Agreement are for convenience of
reference only, are not to be considered a part hereof and shall not be construed to define or limit any of the terms or provisions hereof. 
 11.6 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one instrument. 
 11.7 Severability. In the event that any provision hereof would, under applicable law, be invalid or unenforceable in any respect, such provision
shall be construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible under, applicable law. The provisions hereof are severable, and in the event any provision hereof should be held
invalid or unenforceable in any respect, it shall not invalidate, render unenforceable or otherwise affect any other provision hereof. 
 11.8
No Recourse. Notwithstanding anything that may be expressed or implied in this Agreement, the Company and each Shareholder covenant, agree and acknowledge that no recourse under this Agreement or any documents or instruments delivered in
connection with this Agreement shall be had against any current or future director, officer, employee, general or limited partner, Shareholder, holder of beneficial interest or member of any Shareholder or of any Affiliate or assignee thereof, as
such, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, 

  

 - 35 - 

 
it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or
future officer, agent or employee of any shareholder or any current or future member of any Shareholder or any current or future director, officer, employee, partner, shareholder, holder of beneficial interest or member of any Shareholder or of any
Affiliate or assignee thereof, as such, for any obligation of any Shareholder under this Agreement or any documents or instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or
their creation. 
 11.9 Expenses; Indemnity. To the extent permitted by applicable law, the Company and the Subsidiaries, jointly and
severally, will pay, and will indemnify, exonerate and hold each of the Sponsors, and each of their respective partners, shareholders, members, Affiliates, directors, officers, fiduciaries, managers, controlling Persons, employees and agents and
each of the partners, shareholders, members, Affiliates, directors, officers, fiduciaries, managers, controlling Persons, employees and agents of each of the foregoing (collectively, the “Indemnitees”) free and harmless from and
against any and all liability for payment of, the out-of-pocket expenses (including reasonable fees and expenses of all advisors, accountants and counsel) incurred by the Indemnitees or any of them, in connection with: (a) any amendments or
waivers (whether or not the same become effective) under or in respect of this Agreement, the other Transaction Agreements, the Company Memorandum of Association or the Company Articles of Association, (b) the interpretation of, and enforcement
of the rights granted under, this Agreement, the other Transaction Agreements, the Company Memorandum of Association or the Company Articles of Association, (c) any transaction to which the Company or any of the Subsidiaries is a party and as
to which such Person seeks advice of counsel, and (d) any Third-Party Claim arising out of its investment in the Company (other than liabilities arising out of its breach of this Agreement, any of the other Transaction Agreements, or any other
agreement or instrument to which such Indemnitee is or becomes a party). If and to the extent that the foregoing undertaking may be unavailable or unenforceable for any reason, the Company and the Subsidiaries, jointly and severally, hereby agree to
make the maximum contribution to the payment and satisfaction of each of the foregoing indemnified liabilities which is permissible under applicable law. The rights of any Indemnitee to indemnification hereunder will be in addition to any other
rights any such Person may have under any other agreement or instrument referenced above or any other agreement or instrument to which such Indemnitee is or becomes a party or is or otherwise becomes a beneficiary or under law or regulation. A
“Third-Party Claim” means any (i) claim brought by a Person other than the Company or any of the Subsidiaries, a Sponsor or any Indemnitee and (ii) any derivative claim brought in the name of the Company or any of the
Subsidiaries that is initiated by a Person other than a Sponsor or any Indemnitee. 
 11.10 No Third Party Beneficiaries. Nothing in
this Agreement is intended to confer upon any Person other than the parties hereto any rights or remedies hereunder. 
 11.11 Consent of
Shareholders to Advisory Agreement. Each of the Shareholders hereby acknowledges that the Company has entered into the Advisory Agreement under which certain Affiliates of KKR and Silver Lake will receive fees and reimbursement of expenses not
received by the other Shareholders or any of their Affiliates, and each such Shareholder agrees and consents to the Company entering into the Advisory Agreement and to 

  

 - 36 - 

 
the payment by the Company, and the receipt by certain Affiliates of KKR and SLP, of the amounts provided for by the Advisory Agreement; provided,
however, no amendment to the Advisory Agreement that materially increases the financial benefits payable to KKR, Silver Lake or both thereunder shall be entered into without the prior written approval of a majority of the Company’s
disinterested directors or a majority in interest of the Company’s disinterested shareholders. 
 12. GOVERNING LAW. 
 12.1 Governing Law. The Companies Act, Chapter 50 of Singapore will govern all issues concerning the internal corporate affairs of the Company.
All other claims arising out of or based upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of New York without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 12.2
Consent to Jurisdiction. Each party to this Agreement, by its execution hereof, (a) hereby irrevocably submits to the exclusive jurisdiction of the United States District Court for the Southern District of New York and the state courts
sitting in the State of New York, County of New York for the purpose of any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating to the
subject matter hereof, (b) hereby waives to the extent not prohibited by applicable law, and agrees not to assert, and agrees not to allow any of its subsidiaries to assert, by way of motion, as a defense or otherwise, in any such action, any
claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such proceeding brought in one of the above-named courts is improper, or that this
Agreement or the subject matter hereof or thereof may not be enforced in or by such court and (c) hereby agrees not to commence or maintain any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or
investigation arising out of or based upon this Agreement or relating to the subject matter hereof or thereof other than before one of the above-named courts nor to make any motion or take any other action seeking or intending to cause the transfer
or removal of any such action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation to any court other than one of the above-named courts whether on the grounds of inconvenient forum or otherwise.
Notwithstanding the foregoing, to the extent that any party hereto is or becomes a party in any litigation in connection with which it may assert indemnification rights set forth in this agreement, the court in which such litigation is being heard
shall be deemed to be included in clause (a) above. Notwithstanding the foregoing, any party to this Agreement may commence and maintain an action to enforce a judgment of any of the above-named courts in any court of competent jurisdiction.
Each party hereto hereby consents to service of process in any such proceeding in any manner permitted by New York law, and agrees that service of process by registered or certified mail, return receipt requested, at its address specified pursuant
to Section 11.3 hereof is reasonably calculated to give actual notice. 
 12.3 WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED
BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS 

  

 - 37 - 

 
PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT,
TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 12.3 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS
AGREEMENT. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 12.3 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 
 12.4 Exercise of Rights and Remedies. No delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of
any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or default occurring later;
nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or default occurring before or after that waiver. 
 * * Signature pages follow * * 
  

 - 38 - 

 IN WITNESS WHEREOF, the parties have executed this Second Amended and Restated Shareholder Agreement on
the day and year first written above. 
  

			
	COMPANY:
	
	AVAGO TECHNOLOGIES LIMITED
		
	By:	 	  

	Name:	 	Hock E. Tan
	Title:	 	Chief Executive Officer

 Signature Page to Second Amended and Restated Shareholder Agreement for 
 Avago Technologies Limited 

			
	SPONSORS:
	
	BALI INVESTMENTS S.À R.L.
		
	By:	 	  

	Name:	 	Kenneth Y. Hao
	Title:	 	Manager

 Signature Page to Second Amended and Restated Shareholder Agreement for 
 Avago Technologies Limited 

			
	SILVER LAKE PARTNERS II CAYMAN, L.P.
		
	By:	 	Silver Lake Technology Associates II Cayman, L.P., its General Partner
		
	By:	 	Silver Lake (Offshore) AIV GP II, Ltd., its General Partner
		
	By:	 	  

	Name:	 	Alan K. Austin
	Title:	 	Director
	
	SILVER LAKE TECHNOLOGY INVESTORS II CAYMAN, L.P.
		
	By:	 	Silver Lake (Offshore) AIV GP II, Ltd., its General Partner
		
	By:	 	  

	Name:	 	Alan K. Austin
	Title:	 	Director

 Signature Page to Second Amended and Restated Shareholder Agreement for 
 Avago Technologies Limited 

			
	KKR MILLENNIUM FUND (OVERSEAS), LIMITED PARTNERSHIP
		
	By:	 	KKR Associates Millennium (Overseas), Limited Partnership, its General Partner
		
	By:	 	KKR Millennium (Overseas), Limited, its General Partner
		
	By:	 	  

	Name:	 	James H. Greene Jr.
	Title:	 	Director
	
	KKR EUROPEAN FUND, LIMITED PARTNERSHIP
		
	By:	 	KKR Associates Europe, Limited Partnership, its General Partner
		
	By:	 	KKR Europe Limited, its General Partner
		
	By:	 	  

	Name:	 	James H. Greene Jr.
	Title:	 	Director
	
	KKR EUROPEAN FUND II, LIMITED PARTNERSHIP
		
	By:	 	KKR Associates Europe II, Limited Partnership, its General Partner
		
	By:	 	KKR Europe II Limited, its General Partner
		
	By:	 	  

	Name:	 	James H. Greene Jr.
	Title:	 	Director
	
	KKR PARTNERS (INTERNATIONAL), LIMITED PARTNERSHIP
		
	By:	 	KKR 1996 Overseas, Limited
		
	By:	 	  

	Name:	 	James H. Greene Jr.
	Title:	 	Director

 Signature Page to Second Amended and Restated Shareholder Agreement for 
 Avago Technologies Limited 

			
	INTEGRAL CAPITAL PARTNERS VII, L.P.
		
	By:	 	Integral Capital Management VII, LLC, its General Partner
		
	By:	 	  

	Name:	 	Pamela K. Hagenah
	Title:	 	Manager

 Signature Page to Second Amended and Restated Shareholder Agreement for 
 Avago Technologies Limited 

			
	AVAGO INVESTMENT PARTNERS, LIMITED PARTNERSHIP
		
	By:	 	Avago Investment G.P., Limited, its General Partner
		
	By:	 	  

	Name:	 	Adam A Clammer
	Title:	 	KKR Officer
		
	By:	 	  

	Name:	 	Kenneth Y. Hao
	Title:	 	SLP Officer

 Signature Page to Second Amended and Restated Shareholder Agreement for 
 Avago Technologies Limited 

 Schedule I 
 AVAGO TECHNOLOGIES LIMITED 
 Sponsor Ownership of Shares 
  

						
	 Shareholder
	  	Capital Contribution	  	Number of
Ordinary Shares
	Sponsors	  			  	
			
	 Bali Investments S.à r.l.
	  	$	863,382,010	  	172,676,402
			
	 Silver Lake Partners II Cayman, L.P.
	  	$	392,550,720	  	78,510,144
			
	 Silver Lake Technology Investors II Cayman, L.P.
	  	$	1,115,970	  	223,194
			
	 Integral Capital Partners VII, L.P.
	  	$	6,748,865	  	1,349,773
			
	 KKR Millennium Fund (Overseas), Limited Partnership
	  	$	88,913,505	  	17,782,701
			
	 KKR European Fund, Limited Partnership
	  	$	177,038,700	  	35,407,740
			
	 KKR European Fund II, Limited Partnership
	  	$	118,742,725	  	23,748,545
			
	 KKR Partners (International), Limited Partnership
	  	$	15,720,245	  	3,144,049
			
	 Avago Investment Partners, Limited Partnership
	  	$	60,618,185	  	12,123,637
			
	 Capstone Equity Investors LLC
	  	$	1,933,090	  	386,618
			
	 Seletar Investments Pte. Ltd.
	  	$	113,354,585	  	22,670,917
			
	 Geyser Investment Pte Ltd
	  	$	75,569,720	  	15,113,944
			
	 TOTAL
	  	$	1,052,306,310	  	210,461,263

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]