Document:

Registration Rights Agreement

 Exhibit 4.11 
 REGISTRATION RIGHTS AGREEMENT 
 by and among 
 Freescale Holdings L.P. 
 and

 Certain Freescale Holdings L.P. Investors 
 Dated as of December 1, 2006 

 Table of Contents 
  

					
	 Section 1.
	  	Definitions	  	1
	 Section 2.
	  	Holders of Registrable Securities	  	6
	 Section 3.
	  	Demand Registrations	  	6
	 Section 4.
	  	Piggyback Registration	  	8
	 Section 5.
	  	Restrictions on Public Sale by Holders of Registrable Securities	  	9
	 Section 6.
	  	Registration Procedures	  	9
	 Section 7.
	  	Registration Expenses	  	14
	 Section 8.
	  	Indemnification	  	15
	 Section 9.
	  	Rule 144; Coordination	  	18
	 Section 10.
	  	Underwritten Registrations	  	20
	 Section 11.
	  	Limitation on Subsequent Registration Rights	  	20
	 Section 12.
	  	Miscellaneous	  	21

 REGISTRATION RIGHTS AGREEMENT 
 REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 1, is by and among Freescale Holdings L.P., a Cayman Islands
exempted limited partnership (“Freescale Holdings”), and each of the parties listed on Annex A (the “Initial Shareholders”, and as such Annex A is updated and amended pursuant to Section 12(d) hereof, the
“Shareholders”). 
 WHEREAS, the Initial Shareholders and Freescale Holdings are parties to that certain Amended and
Restated Exempted Limited Partnership Agreement, dated as of December 1, 2006, as the same may hereafter be amended from time to time (the “Partnership Agreement”) and/or an Investors Agreement, dated as of the date hereof, as
the same may hereafter be amended from time to time (the “Investors Agreement”); 
 WHEREAS, if Freescale Holdings elects to
effect an underwritten public offering of equity securities, the Partnership Agreement and the Investors Agreement contemplate that Freescale Holdings may convert or otherwise succeed into the IPO Corporation, or create a new, or use an existing,
subsidiary to be the IPO Corporation, pursuant to Section 4.2 of the Partnership Agreement and Section 2.1 of the Investors Agreement and that in connection therewith the Partners of Freescale Holdings will either receive Common Stock or
have the right to exchange their limited partnership interests for Common Stock (as defined below); and 
 WHEREAS, Freescale Holdings has
agreed to bind the IPO Corporation (its successor) to provide registration rights with respect to the Registrable Securities (as defined below), as set forth in this Agreement, and the Partners have agreed to act in good faith in order to effectuate
these registration rights with respect to the IPO Corporation. 
 NOW, THEREFORE, for and in consideration of the mutual agreements contained
herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
 Section 1. Definitions. As used in this Agreement, the following terms shall have the following meanings, and terms used herein but not otherwise
defined herein shall have the meanings assigned to them in the Partnership Agreement: 
 “Bermuda I” shall mean Freescale
Holdings (Bermuda) I, Ltd., a Bermuda exempted limited liability company. 
 “Blackstone Investors” shall mean, as of any
date, Blackstone Capital Partners (Cayman) V L.P., Blackstone Capital Partners (Cayman) V-A L.P., BCP (Cayman) V-S L.P., Blackstone Family Investment Partnership (Cayman) V L.P., Blackstone Family Investment 

 
Partnership (Cayman) V-A L.P., Blackstone Participation Partnership (Cayman) V L.P., BCP V Co-Investors (Cayman) L.P., Blackstone Firestone Transaction
Participation Partners (Cayman) L.P., and Blackstone Firestone Principal Transaction Partners (Cayman) L.P., and their respective Permitted Transferees, in each case only if such Person then holds any Interests in Freescale Holdings or shares of
Common Stock of the Corporation, as applicable. 
 “Carlyle Investors” shall mean, as of any date, Carlyle Partners IV
Cayman, LP, CPIV Coinvestment Cayman, LP, Carlyle Asia Partners II, LP, CAP II Co-Investment, LP, CEP II Participations, S.a r.l. SICAR, Carlyle Japan Partners, L.P., and CJP Co-Investment, L.P., and their respective Permitted Transferees, in each
case only if such Person then holds any Interests in Freescale Holdings or shares of Common Stock of the Corporation, as applicable. 
 “Common Stock” shall mean all shares hereafter authorized of any class of common stock of the Corporation which has the right (subject always to the rights of any class or series of preferred stock of the Corporation) to
participate in the distribution of the assets and earnings of the Corporation without limit as to per share amount. 
 “Conversion” shall have the meaning set forth in the Investors Agreement. 
 “Corporation” shall
mean the IPO Corporation or such other corporation as shall be the successor to the IPO Corporation. 
 “Demand Notice”
shall have the meaning set forth in Section 3(a) hereof. 
 “Demand Registration” shall have the meaning set forth in
Section 3(a) hereof. 
 “Exchange” shall mean any exchange pursuant to Section 4.6 of the Investors Agreement of
Interests for an in-kind distribution of equal value of shares of Common Stock. 
 “Exchange Act” shall mean the Securities
Exchange Act of 1934, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder. 
 “Initial Public Offering” shall mean the initial underwritten Public Offering registered on Form S-1 (or any successor form under the Securities Act). 
 “Interests” shall have the meaning set forth in the Partnership Agreement. 
  

 2 

 “IPO Corporation” shall mean the entity resulting from a Conversion or such other direct
or indirect subsidiary of Freescale Holdings as shall be designated by the Freescale Holdings as the entity that will make the initial Public Offering. 
 “Losses” shall have the meaning set forth in Section 8 hereof. 
 “Majority
Blackstone Investors” shall mean, as of any date, the holders of a Majority in Interest of the Interests or shares of Common Stock, as applicable, held by the Blackstone Investors. 
 “Majority Carlyle Investors” shall mean, as of any date, the holders of a Majority in Interest of the Interests or shares of Common
Stock, as applicable, held by the Carlyle Investors. 
 “Majority in Interest” shall mean with respect to a group of
Interests of Freescale Holdings or shares of Common Stock of the Corporation, a majority in number of such Interests or shares of Common Stock. 
 “Majority Permira Investors” shall mean, as of any date, the holders of a Majority in Interest of the Interests or shares of Common Stock, as applicable, held by the Permira Investors. 
 “Majority TPG Investors” shall mean, as of any date, the holders of a Majority in Interest of the Interests or shares of Common Stock,
as applicable, held by the TPG Investors. 
 “Options” shall mean any options to subscribe for, purchase or otherwise
directly acquire Common Stock of Bermuda) I, other than any such option held by Freescale Holdings, Bermuda I or any direct or indirect subsidiary thereof, or any right to purchase Common Stock pursuant to the Investors Agreement. 
 “Permira Investors” shall mean, as of any date, Permira IV L.P.2, Permira Investments Limited, P4 Co-Investment L.P. and P4 Sub L.P.1,
and their respective Permitted Transferees, in each case only if such Person then holds any Interests in Freescale Holdings or shares of Common Stock of the Corporation, as applicable. 
 “Person” shall mean any natural person, corporation, limited partnership, general partnership, limited liability company, joint stock
company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity, custodian, trustee-executor, administrator, nominee or entity in a representative
capacity and any government or agency or political subdivision thereof. 
  

 3 

 “Piggyback Notice” shall have the meaning set forth in Section 4(a) hereof.

 “Piggyback Registration” shall have the meaning set forth in Section 4(a) hereof. 
 “Principal Investor Groups” shall mean the (a) the Blackstone Investors, collectively, (b) the Carlyle Investors,
collectively, (c) the Permira Investors, collectively, and (d) the TPG Investors, collectively; provided, however, that any such Principal Investor Group shall cease to be a Principal Investor Group at such time after the closing of the
Merger, and at all times thereafter, as such Principal Investor Group ceases to hold Interests or Shares of Common Stock representing a 25% of such Principal Investor Group’s initial investment, subject to adjustment for any split, dividend,
combination, recapitalization or similar event involving Interests or shares of Common Stock, as applicable. Where this Agreement provides for the vote, consent or approval of any Principal Investor Group, such vote, consent or approval shall be
determined by the Majority Blackstone Investors, the Majority Carlyle Investors, the Majority Permira Investors, or the Majority TPG Investors, as the case may be, except as otherwise specifically set forth herein. 
 “Proceeding” shall mean an action, claim, suit, arbitration or proceeding (including, without limitation, an investigation or partial
proceeding, such as a deposition), whether commenced or threatened. 
 “Prospectus” shall mean the prospectus included in
any Registration Statement (including, without limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A promulgated under the Securities
Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement, and all other amendments and supplements to the Prospectus,
including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus. 
 “Public Offering” shall mean a public offering and sale of equity securities for cash pursuant to an effective registration statement under the Securities Act. 
 “Qualified Public Offering” shall mean the first underwritten Public Offering (other than any Public Offering or sale pursuant to a
registration statement on Form S-4, S-8 or a comparable form) in which the aggregate price to the public of all equity securities sold in such offering in combination with the aggregate price to the public of all equity securities sold in any
previous underwritten Public Offerings (other than any Public Offering or sale pursuant to a registration statement on Form S-4, S-8 or any comparable form) shall exceed $750,000,000. 
  

 4 

 “Registrable Securities” shall mean (i) all shares of Common Stock of the
Corporation initially issued in the Conversion as provided in Section 4.2 of the Partnership Agreement and Section 2.1 of the Investors Agreement, (ii) all shares of Common Stock received in an Exchange pursuant to Section 4.6 of
the Investors Agreement and (iii) all shares of Common Stock received upon exercise of Options. As to any particular Registrable Securities, once issued such securities shall cease to be Registrable Securities when (i) they are sold
pursuant to an effective Registration Statement under the Securities Act, (ii) they are sold pursuant to Rule 144 (or any similar provision then in force under the Securities Act), (iii) they shall have ceased to be outstanding or
(iv) they have been sold in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of the securities. No Registrable Securities may be registered under more than one Registration
Statement at any one time. 
 “Registration Statement” shall mean any registration statement of the Corporation under the
Securities Act which permits the public offering of any of the Registrable 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 material incorporated by reference or deemed to be incorporated by reference in such registration statement. 
 “Related Group” shall mean, with respect to any 144 measurement period, all holders of Registrable Securities other than those (a) who have agreed to forego their full pro rata share of the Rule 144 group limit in
accordance with the last sentence of Section 9(c)(i), (b) who have opted out of 144 Coordination pursuant to Section 9(c)(iii) or (c) who have been excluded from the provisions of Section 9(b) through 9(g) pursuant to the
last sentence of Section 9(h), unless, in each case, such person’s sales of Registrable Securities are required to be aggregated with sales of Registrable Securities of all holders of Registrable Securities not described in clauses
(a) through (c) for purposes of clauses (e)(1) or (2) of Rule 144. 
 “Requisite Holders” shall mean a
majority of the Principal Investor Groups. 
 “Rule 144” shall mean Rule 144 under the Securities Act, as such Rule may be
amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. 
 “SEC” shall mean the
Securities and Exchange Commission or any successor agency having jurisdiction under the Securities Act. 
 “Securities Act”
shall mean the Securities Act of 1933, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder. 
  

 5 

 “TPG Investors” shall mean, as of any date, TPG Partners IV — AIV, L.P. and TPG
Partners V — AIV, L.P. and their respective Permitted Transferees, in each case only if such Person then holds any Interests in Freescale Holdings or shares of Common Stock of the Corporation, as applicable. 
 “underwritten registration” or “underwritten offering” shall mean a registration in which securities of the Corporation
are sold to an underwriter for reoffering to the public. 
 Section 2. Holders of Registrable Securities. A Person is deemed, and
shall only be deemed, to be a holder of Registrable Securities if such Person owns Registrable Securities or has a right to acquire such Registrable Securities and such Person is a Shareholder. 
 Section 3. Demand Registrations. 
 (a) Requests for Registration. Subject to the following paragraph of this Section 3(a), the Requisite Holders shall have the right by delivering a written notice to the Corporation (a “Demand
Notice”) to require the Corporation to register, pursuant to the terms of this Agreement under and in accordance with the provisions of the Securities Act, the number of Registrable Securities requested to be so registered pursuant to the
terms of this Agreement (a “Demand Registration”); provided, however, that a Demand Notice may only be made if the sale of the Registrable Securities requested to be registered by the Requisite Holders delivering such Demand Notice
is reasonably expected to result in aggregate gross cash proceeds in excess of $50,000,000. Following receipt of a Demand Notice for a Demand Registration, the Corporation shall use its reasonable best efforts to file a Registration Statement as
promptly as practicable, but not later than 30 days after such Demand Notice, and shall use its reasonable best efforts to cause such Registration Statement to be declared effective under the Securities Act as promptly as practicable after the
filing thereof. 
 The Requisite Holders shall be entitled to unlimited Demand Registrations. 
 No Demand Registration shall be deemed to have occurred for purposes of this Section 3 if the Registration Statement relating thereto (i) does
not become effective, (ii) is not maintained effective for the period required pursuant to this Section 3, or (iii) the offering of the Registrable Securities pursuant to such Registration Statement is subject to a stop order,
injunction or similar order or requirement of the SEC during such period in which case such requesting holder of Registrable Securities shall be entitled to an additional Demand Registration, as the case may be, in lieu thereof. 
 Within 10 days after receipt by the Corporation of a Demand Notice, the Corporation shall give written notice (the “Notice”) of such
Demand Notice to all other holders of Registrable Securities and shall, subject to the provisions of Section 3(b) hereof, include in such registration all Registrable Securities with respect to which the Corporation received written requests
for inclusion therein within 10 days after such Notice is given by the Corporation to such holders. 
  

 6 

 All requests made pursuant to this Section 3 will specify the number of Registrable Securities to be
registered and the intended methods of disposition thereof. 
 The Corporation shall be required to maintain the effectiveness of the
Registration Statement with respect to any Demand Registration for a period of at least 180 days after the effective date thereof or such shorter period in which all Registrable Securities included in such Registration Statement have actually been
sold; provided, however, that such period shall be extended for a period of time equal to the period the holder of Registrable Securities refrains from selling any securities included in such registration at the request of an
underwriter of the Corporation or the Corporation pursuant to the provisions of this Agreement. 
 (b) Priority on Demand
Registration. If any of the Registrable Securities registered pursuant to a Demand Registration are to be sold in a firm commitment underwritten offering, and the managing underwriter or underwriters advise the holders of such securities in
writing that in its view the total number or dollar amount of Registrable Securities proposed to be sold in such offering is such as to adversely affect the success of such offering (including, without limitation, securities proposed to be included
by other holders of securities entitled to include securities in such Registration Statement pursuant to incidental or piggyback registration rights), then there shall be included in such firm commitment underwritten offering the number or dollar
amount of Registrable Securities that in the opinion of such managing underwriter can be sold without adversely affecting such offering, and such number of Registrable Securities shall be allocated as follows: 
 (i) first, pro rata among the holders of Registrable Securities on the basis of the percentage of the Registrable Securities requested to
be included in such Registration Statement by such holders; and 
 (ii) second, the securities for which inclusion in such
Demand Registration, as the case may be, was requested by the Corporation. 
 (c) Postponement of Demand Registration.
The Corporation shall be entitled to postpone (but not more than once in any 12-month period), for a reasonable period of time not in excess of 60 days, the filing of a Registration Statement if the Corporation delivers to the holders requesting
registration a certificate signed by both the president and chief financial officer of the Corporation certifying that, in the good faith judgment of the board of directors of the Corporation, such registration and offering would reasonably be
expected to materially adversely affect or materially interfere with any bona fide material financing of the Corporation or any material transaction under consideration by the Corporation or would require disclosure of information that
has not been disclosed to the public, the premature disclosure of which would materially adversely affect the Corporation. Such certificate shall contain a statement of the reasons for such postponement and an approximation of the anticipated delay.
The holders receiving such certificate shall keep the information contained in such certificate confidential subject to the same terms set forth in Section 6(p). If the Corporation shall so postpone the filing of a Registration Statement, the
holder who made the Demand Registration shall have the right to withdraw the request for registration by giving written notice to the Corporation within 20 days 

  

 7 

 
of the anticipated termination date of the postponement period, as provided in the certificate delivered to the holders, and in the event of such withdrawal,
such request shall not be counted for purposes of the number of Demand Registrations to which such holder is entitled pursuant to the terms of this Agreement. 
 Section 4. Piggyback Registration. 
 (a) Right to Piggyback. If the Corporation
proposes to file a registration statement under the Securities Act with respect to an offering of Common Stock by and for the account of the Corporation (other than a registration statement (i) on Form S-4, Form S-8 or any successor forms
thereto or (ii) filed solely in connection with an exchange offer or any employee benefit or dividend reinvestment plan), or any shareholder of the Corporation, then, each such time, the Corporation shall give prompt written notice of such
proposed filing at least twenty (20) days before the anticipated filing date (the “Piggyback Notice”) to all of the holders of Registrable Securities. The Piggyback Notice shall offer such holders the opportunity to include in
such registration statement the number of Registrable Securities as each such holder may request (a “Piggyback Registration”). Subject to Section 4(b) hereof, the Corporation shall include in each such Piggyback Registration
all Registrable Securities with respect to which the Corporation has received written requests for inclusion therein within ten (10) days after notice has been given to the applicable holder. The eligible holders of Registrable Securities shall
be permitted to withdraw all or part of the Registrable Securities from a Piggyback Registration at any time prior to the effective date of such Piggyback Registration. The Corporation shall not be required to maintain the effectiveness of the
Registration Statement for a Piggyback Registration beyond the earlier to occur of (i) 180 days after the effective date thereof and (ii) consummation of the distribution by the holders of the Registrable Securities included in such
Registration Statement. 
 (b) Priority on Piggyback Registrations. The Corporation shall use reasonable efforts to
cause the managing underwriter or underwriters of a proposed underwritten offering to permit holders of Registrable Securities requested to be included in the registration for such offering to include all such Registrable Securities on the same
terms and conditions as any other shares of capital stock, if any, of the Corporation included therein. Notwithstanding the foregoing, if the managing underwriter or underwriters of such underwritten offering have informed the Corporation in writing
that it is their good faith opinion that the total amount of securities that such holders, the Corporation and any other Persons having rights to participate in such registration, intend to include in such offering is such as to adversely affect the
success of such offering, then the amount of securities to be offered (i) for the account of holders of Registrable Securities (other than the Corporation) and (ii) for the account of all such other Persons (other than the Corporation)
shall be reduced to the extent necessary to reduce the total amount of securities to be included in such offering to the amount recommended by such managing underwriter or underwriters by first reducing, or eliminating if necessary, all securities
of the Corporation requested to be included by such other Persons (other than the Corporation and holders of Registrable Securities) and then, if necessary, reducing the securities requested to be included by the holders of Registrable Securities
requesting such registration pro rata among such holders on the basis of the percentage of the Registrable Securities requested to be included in such Registration Statement by such holders. 
  

 8 

 Section 5. Restrictions on Public Sale by Holders of Registrable Securities. Each Shareholder
agrees to comply with the provisions of Section 5 of the Investors Agreement as an “Interest Holder” or “Stockholder” as though such Section were set forth herein. No holder of Registrable Securities will Transfer any equity
securities of Freescale Holdings or the Corporation, or any of their respective subsidiaries, or any securities convertible into or exercisable or exchangeable for such equity securities pursuant to a waiver from a lock-up agreement described in
Section 5 of the Investors Agreement unless the benefit of such waiver is extended in a pro rata manner to all holders of Registrable Securities. 
 Section 6. Registration Procedures. If and whenever the Corporation is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided
in Section 3 and Section 4 hereof, the Corporation shall effect such registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the
Corporation shall cooperate in the sale of the securities and shall, as expeditiously as possible: 
 (a) Prepare and file
with the SEC a Registration Statement or Registration Statements on such form which shall be available for the sale of the Registrable Securities by the holders thereof or the Corporation in accordance with the intended method or methods of
distribution thereof, and use its reasonable best efforts to cause such Registration Statement to become effective and to remain effective as provided herein; provided, however, that before filing a Registration Statement or Prospectus
or any amendments or supplements thereto (including documents that would be incorporated or deemed to be incorporated therein by reference), the Corporation shall furnish or otherwise make available to the holders of the Registrable Securities
covered by such Registration Statement, their counsel and the managing underwriters, if any, copies of all such documents proposed to be filed, which documents will be subject to the reasonable review and comment of such counsel, and such other
documents reasonably requested by such counsel, including any comment letter from the SEC, and, if requested by such counsel, provide such counsel reasonable opportunity to participate in the preparation of such Registration Statement and each
Prospectus included therein and such other opportunities to conduct a reasonable investigation within the meaning of the Securities Act, including reasonable access to the Corporation’s books and records, officers, accountants and other
advisors. The Corporation shall not file any such Registration Statement or Prospectus or any amendments or supplements thereto (including such documents that, upon filing, would be incorporated or deemed to be incorporated by reference therein)
with respect to a Demand Registration to which the holders of a majority of the Registrable Securities covered by such Registration Statement, their counsel, or the managing underwriters, if any, shall reasonably object, in writing, on a timely
basis, unless, in the opinion of the Corporation, such filing is necessary to comply with applicable law. 
 (b) Prepare and
file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement continuously effective during the period provided herein and comply in all material respects with
the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement; and cause the related Prospectus to be supplemented by 

  

 9 

 
any Prospectus supplement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of the securities covered
by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act. 
 (c) Notify each selling holder of Registrable Securities, its counsel and the managing underwriters, if any, promptly, and (if requested by any such Person) confirm such notice in writing, (i) when a Prospectus
or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the SEC or any other Federal or
state governmental authority for amendments or supplements to a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of a Registration
Statement or the initiation of any proceedings for that purpose, (iv) if at any time the representations and warranties of the Corporation contained in any agreement (including any underwriting agreement) contemplated by Section 6(o) below
cease to be true and correct, (v) of the receipt by the Corporation of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or
the initiation or threatening of any proceeding for such purpose, and (vi) of the happening of any event that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be
incorporated therein by reference untrue in any material respect or that requires the making of any changes in such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material
fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 
 (d) Use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or the
lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction at the reasonably earliest practical date. 
 (e) If requested by the managing underwriters, if any, or the holders of a majority of the then outstanding Registrable Securities being
sold in connection with an underwritten offering, promptly include in a Prospectus supplement or post-effective amendment such information as the managing underwriters, if any, and such holders may reasonably request in order to permit the intended
method of distribution of such securities and make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Corporation has received such request; provided, however, that the
Corporation shall not be required to take any actions under this Section 6(e) that are not, in the opinion of counsel for the Corporation, in compliance with applicable law. 
  

 10 

 (f) Furnish or make available to each selling holder of Registrable Securities, its
counsel and each managing underwriter, if any, without charge, at least one conformed copy of the Registration Statement, the Prospectus and Prospectus supplements, if applicable, and each post-effective amendment thereto, including financial
statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits, unless requested in writing by such holder, counsel or underwriter). 
 (g) Deliver to each selling holder of Registrable Securities, its counsel, and the underwriters, if any, without charge, as many copies of
the Prospectus or Prospectuses (including each form of Prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with the distribution of the Registrable Securities; and the Corporation, subject to the
last paragraph of this Section 6, hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling holders of Registrable Securities and the underwriters, if any, in connection with the offering and
sale of the Registrable Securities covered by such Prospectus and any such amendment or supplement thereto. 
 (h) Prior to
any public offering of Registrable Securities, use its reasonable best efforts to register or qualify or cooperate with the selling holders of Registrable Securities, the underwriters, if any, and their respective counsel in connection with the
registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or “Blue Sky” laws of such jurisdictions within the United States as any seller or
underwriter reasonably requests in writing and to keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept effective and to take any other action that may be
necessary or advisable to enable such holders of Registrable Securities to consummate the disposition of such Registrable Securities in such jurisdiction; provided, however, that the Corporation will not be required to (i) qualify
generally to do business in any jurisdiction where it is not then so qualified or (ii) take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject. 
 (i) Cooperate with the selling holders of Registrable Securities and the managing underwriters, if any, to facilitate the timely
preparation and delivery of certificates (not bearing any legends) representing Registrable Securities to be sold after receiving written representations from each holder of such Registrable Securities that the Registrable Securities represented by
the certificates so delivered by such holder will be transferred in accordance with the Registration Statement, and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriters, if any, or
holders may request at least two (2) business days prior to any sale of Registrable Securities in a firm commitment public offering, but in any other such sale, within ten (10) business days prior to having to issue the securities.

 (j) Use its reasonable best efforts to cause the Registrable Securities covered by the Registration Statement to be
registered with or approved by such other 

  

 11 

 
governmental agencies or authorities within the United States, except as may be required solely as a consequence of the nature of such selling holder’s
business, in which case the Corporation will cooperate in all reasonable respects with the filing of such Registration Statement and the granting of such approvals, as may be necessary to enable the seller or sellers thereof or the underwriters, if
any, to consummate the disposition of such Registrable Securities. 
 (k) Upon the occurrence of any event contemplated by
Section 6(c)(vi) above, prepare a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other
required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, such Prospectus will not contain an 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, in light of the circumstances under which they were made, not misleading. 
 (l) Prior to the effective date of the Registration Statement relating to the Registrable Securities, provide a CUSIP number for the Registrable Securities. 
 (m) Provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration
Statement from and after a date not later than the effective date of such Registration Statement. 
 (n) Use its reasonable
best efforts to cause all shares of Registrable Securities covered by such Registration Statement to be authorized to be quoted on the Nasdaq National Market or listed on a national securities exchange if shares of the particular class of
Registrable Securities are at that time quoted on the Nasdaq National Market or listed on such exchange, as the case may be. 
 (o) Enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such other actions reasonably requested by the holders of a majority of the Registrable
Securities being sold in connection therewith (including those reasonably requested by the managing underwriters, if any) to expedite or facilitate the disposition of such Registrable Securities, and in such connection, whether or not an
underwriting agreement is entered into and whether or not the registration is an underwritten registration, (i) make such representations and warranties to the holders of such Registrable Securities and the underwriters, if any, with respect to
the business of the Corporation and its subsidiaries, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily
made by issuers to underwriters in underwritten offerings, and, if true, confirm the same if and when requested, (ii) use its reasonable best efforts to furnish to the selling holders of such Registrable Securities opinions of counsel to the
Corporation and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters, if any, and counsels to the selling holders of the 

  

 12 

 
Registrable Securities), addressed to each selling holder of Registrable Securities and each of the underwriters, if any, covering the matters customarily
covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such counsel and underwriters, (iii) use its reasonable best efforts to obtain “cold comfort” letters and updates thereof
from the independent certified public accountants of the Corporation (and, if necessary, any other independent certified public accountants of any subsidiary of the Corporation or of any business acquired by the Corporation for which financial
statements and financial data are, or are required to be, included in the Registration Statement) who have certified the financial statements included in such Registration Statement, addressed to each selling holder of Registrable Securities (unless
such accountants shall be prohibited from so addressing such letters by applicable standards of the accounting profession) and each of the underwriters, if any, such letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings, (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures substantially to the effect set forth in
Section 8 hereof with respect to all parties to be indemnified pursuant to said Section and (v) deliver such documents and certificates as may be reasonably requested by the holders of a majority of the Registrable Securities being sold,
their counsel and the managing underwriters, if any, to evidence the continued validity of the representations and warranties made pursuant to Section 6(o)(i) above and to evidence compliance with any customary conditions contained in the
underwriting agreement or other agreement entered into by the Corporation. The above shall be done at each closing under such underwriting or similar agreement, or as and to the extent required thereunder. 
 (p) Make available for inspection by a representative of the selling holders of Registrable Securities, any underwriter participating in
any such disposition of Registrable Securities, if any, and any attorneys or accountants retained by such selling holders or underwriter, at the offices where normally kept, during reasonable business hours, all financial and other records,
pertinent corporate documents and properties of the Corporation and its subsidiaries, and cause the officers, directors and employees of the Corporation and its subsidiaries to supply all information in each case reasonably requested by any such
representative, underwriter, attorney or accountant in connection with such Registration Statement; provided, however, that any information that is not generally publicly available at the time of delivery of such information shall be
kept confidential by such Persons unless (i) disclosure of such information is required by court or administrative order, (ii) disclosure of such information, in the opinion of counsel to such Person, is required by law, or (iii) such
information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by such Person. In the case of a proposed disclosure pursuant to (i) or (ii) above, such Person shall be required to give
the Corporation written notice of the proposed disclosure prior to such disclosure and, if requested by the Corporation, assist the Corporation in seeking to prevent or limit the proposed disclosure. Without limiting the foregoing, no such
information shall be used by such Person as the basis for any market transactions in securities of the Corporation or its subsidiaries in violation of law. 
 (q) Cause its officers to use their reasonable best efforts to support the marketing of the Registrable Securities covered by the
Registration Statement (including, without limitation, participation in “road shows”) taking into account the Corporation’s business needs. 
  

 13 

 The Corporation may require each seller of Registrable Securities as to which any registration is being
effected to furnish to the Corporation in writing such information required in connection with such registration regarding such seller and the distribution of such Registrable Securities as the Corporation may, from time to time, reasonably request
in writing and the Corporation may exclude from such registration the Registrable Securities of any seller who unreasonably fails to furnish such information within a reasonable time after receiving such request. 
 Each holder of Registrable Securities agrees if such holder has Registrable Securities covered by such Registration Statement that, upon receipt of any
notice from the Corporation of the happening of any event of the kind described in Section 6(c)(ii), 6(c)(iii), 6(c)(iv) or 6(c)(v) hereof, such holder will forthwith discontinue disposition of such Registrable Securities covered by such
Registration Statement or Prospectus until such holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(k) hereof, or until it is advised in writing by the Corporation that the use of the
applicable Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus; provided, however, that the Corporation shall
extend the time periods under Section 3 with respect to the length of time that the effectiveness of a Registration Statement must be maintained by the amount of time the holder is required to discontinue disposition of such securities.

 Section 7. Registration Expenses. All reasonable fees and expenses incident to the performance of or compliance with this Agreement
by the Corporation (including, without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with the National Association of Securities Dealers,
Inc. and (B) of compliance with securities or Blue Sky laws, including, without limitation, any fees and disbursements of counsel for the underwriters in connection with Blue Sky qualifications of the Registrable Securities pursuant to
Section 6(h)), (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing Prospectuses if the
printing of Prospectuses is requested by the managing underwriters, if any, or by the holders of a majority of the Registrable Securities included in any Registration Statement), (iii) messenger, telephone and delivery expenses of the
Corporation, (iv) fees and disbursements of counsel for the Corporation, (v) expenses of the Corporation incurred in connection with any road show, (vi) fees and disbursements of all independent certified public accountants referred
to in Section 6(o)(iii) hereof (including, without limitation, the expenses of any “cold comfort” letters required by this Agreement) and any other persons, including special experts retained by the Corporation, and (vii) fees
and disbursements of one counsel for the holders of Registrable Securities whose shares are included in a Registration Statement, which counsel shall be selected by the requesting Requisite Holders if such Registration Statement is pursuant to a
Demand Registration and otherwise by the holders of a majority of the Registrable Securities included in such Registration Statement) shall be borne by the Corporation whether or not any Registration Statement is filed or becomes effective. In
addition, the Corporation shall pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit, the fees and expenses incurred
in connection with the listing of the securities to be registered on any securities exchange on which similar 

  

 14 

 
securities issued by the Corporation are then listed and rating agency fees and the fees and expenses of any Person, including special experts, retained by
the Corporation. 
 The Corporation shall not be required to pay (i) fees and disbursements of any counsel retained by any holder of
Registrable Securities or by any underwriter (except as set forth in clauses 7(i)(B) and 7(vii)), (ii) any underwriter’s fees (including discounts, commissions or fees of underwriters, selling brokers, dealer managers or similar securities
industry professionals) relating to the distribution of the Registrable Securities (other than with respect to Registrable Securities sold by the Corporation), or (iii) any other expenses of the holders of Registrable Securities not
specifically required to be paid by the Corporation pursuant to the first paragraph of this Section 7. 
 Section 8.
Indemnification. 
 (a) Indemnification by the Corporation. The Corporation shall, without limitation as to
time, indemnify and hold harmless, to the fullest extent permitted by law, each holder of Registrable Securities whose Registrable Securities are covered by a Registration Statement or Prospectus, the officers, directors, partners, members,
managers, shareholders, accountants, attorneys, agents and employees of each of them, each Person who controls each such holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers,
directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of each such controlling person, each underwriter, if any, and each Person who controls (within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act) such underwriter, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, costs of preparation and reasonable attorneys’ fees and any legal or other fees
or expenses incurred by such party in connection with any investigation or Proceeding), expenses, judgments, fines, penalties, charges and amounts paid in settlement (collectively, “Losses”), as incurred, arising out of or based
upon any untrue statement (or alleged untrue statement) of a material fact contained in any Prospectus, offering circular, or other document (including any related Registration Statement, notification, or the like) incident to any such registration,
qualification, or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation by the Corporation of the
Securities Act or any rule or regulation thereunder applicable to the Corporation and relating to action or inaction required of the Corporation in connection with any such registration, qualification, or compliance, and will reimburse each such
holder, each of its officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees and each person controlling such holder, each such underwriter, and each person who controls any such underwriter, for
any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability, or action, provided that the Corporation will not be liable in any such case to the extent that
any such claim, loss, damage, liability, or expense arises out of or is based on any untrue statement or omission by such holder or underwriter, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged
omission) is made in such Registration Statement, Prospectus, offering circular, or other document in reliance upon and in conformity with written information 

  

 15 

 
furnished to the Corporation by such holder. It is agreed that the indemnity agreement contained in this Section 8(a) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Corporation (which consent shall not be unreasonably withheld). 
 (b) Indemnification by Holder of Registrable Securities. In connection with any Registration Statement in which a holder of
Registrable Securities is participating, such holder of Registrable Securities shall furnish to the Corporation in writing such information as the Corporation reasonably requests for use in connection with any Registration Statement or Prospectus
and agrees to indemnify, to the fullest extent permitted by law, severally and not jointly, the Corporation, its directors and officers and each Person who controls the Corporation (within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act), from and against all Losses arising out of or based on any untrue statement of a material fact contained in any such Registration Statement, Prospectus, offering circular, or other document, or any omission to
state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Corporation and such directors, officers, partners, members, managers, shareholders, accountants,
attorneys, employees, agents, persons, underwriters, or control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability, or action, in each case to the
extent, but only to the extent, that such untrue statement or omission is made in such Registration Statement, Prospectus, offering circular, or other document in reliance upon and in conformity with written information furnished to the Corporation
by such holder expressly for inclusion in such Registration Statement, Prospectus, offering circular or other document; provided, however, that the obligations of such holder hereunder shall not apply to amounts paid in settlement of
any such claims, losses, damages, or liabilities (or actions in respect thereof) if such settlement is effected without the consent of such holder (which consent shall not be unreasonably withheld); and provided, further, that the
liability of each selling holder of Registrable Securities hereunder shall be limited to the net proceeds received by such selling holder from the sale of Registrable Securities covered by such Registration Statement. 
 (c) Conduct of Indemnification Proceedings. If any Person shall be entitled to indemnity hereunder (an “indemnified
party”), such indemnified party shall give prompt notice to the party from which such indemnity is sought (the “indemnifying party”) of any claim or of the commencement of any Proceeding with respect to which such
indemnified party seeks indemnification or contribution pursuant hereto; provided, however, that the delay or failure to so notify the indemnifying party shall not relieve the indemnifying party from any obligation or liability except
to the extent that the indemnifying party has been prejudiced by such delay or failure. The indemnifying party shall have the right, exercisable by giving written notice to an indemnified party promptly after the receipt of written notice from such
indemnified party of such claim or Proceeding, to, unless in the indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, assume, at the indemnifying
party’s expense, the defense of any such claim or Proceeding, with counsel reasonably satisfactory to such indemnified party; provided, however, that an indemnified party shall have the right to employ separate counsel in any such
claim or Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless: (i) the indemnifying party agrees to pay such fees and expenses; or (ii) the
indemnifying party fails promptly to assume, or in the event of 

  

 16 

 
a conflict of interest cannot assume, the defense of such claim or Proceeding or fails to employ counsel reasonably satisfactory to such indemnified party;
in which case the indemnified party shall have the right to employ counsel and to assume the defense of such claim or proceeding; provided, however, that the indemnifying party shall not, in connection with any one such claim or
Proceeding or separate but substantially similar or related claims or Proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and expenses of more than one firm of attorneys
(together with appropriate local counsel) at any time for all of the indemnified parties, or for fees and expenses that are not reasonable. Whether or not such defense is assumed by the indemnifying party, such indemnified party will not be subject
to any liability for any settlement made without its consent (but such consent will not be unreasonably withheld). The indemnifying party shall not consent to entry of any judgment or enter into any settlement that does not include as an
unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release, in form and substance reasonably satisfactory to the indemnified party, from all liability in respect of such claim or litigation for which
such indemnified party would be entitled to indemnification hereunder. 
 (d) Contribution. If the indemnification
provided for in this Section 8 is unavailable to an indemnified party in respect of any Losses (other than in accordance with its terms), 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, in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one hand, and such indemnified party, on the other hand, in
connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such indemnifying party, on the one hand, and indemnified party, on the other hand, shall
be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been taken by, or relates to
information supplied by, such indemnifying party or indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission. 
 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were determined by pro rata
allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 8(d), an indemnifying party that is a
selling holder of Registrable Securities shall not be required to contribute any amount in excess of the amount by which the net proceeds from the sale of the Registrable Securities sold by such indemnifying party exceeds the amount of any damages
that such indemnifying party has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
 (e) Conflict of Provisions. Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting 

  

 17 

 
agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control. 
 Section 9. Rule 144; Coordination. 
 (a) Rule 144 Sales. After a Qualified Public Offering, the Corporation shall (i) file the reports required to be filed by it
under the Securities Act and the Exchange Act in a timely manner, (ii) take such further action as any holder of Registrable Securities may reasonably request, and (iii) furnish to each holder of Registrable Securities forthwith upon
written request, (x) a written statement by the Corporation as to its compliance with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, (y) a copy of the most recent annual or quarterly report of the
Corporation, and (z) such other reports and documents so filed by the Corporation as such holder may reasonably request in availing itself of Rule 144, all to the extent required from time to time to enable such holder to sell Registrable
Securities without registration under the Securities Act within the limitations of the exemption provided by Rule 144. Upon the request of any holder of Registrable Securities, the Corporation shall deliver to such holder a written statement as to
whether it has complied with such requirements. 
 (b) Permitted Public Transfers and Block Sales. After the closing of
the Initial Public Offering, no holder of Registrable Securities shall Transfer any or all of its Registrable Securities pursuant to Rule 144, a block sale to a financial institution or in a private transfer pursuant to Sections 3.1.4 and 3.8 of the
Investors Agreement, in each case other than in compliance with Sections 9(c) and 9(d) hereof, as applicable, and Section 3.3 of the Investors Agreement. Registrable Securities Transferred pursuant to Rule 144 or in a block sale to a financial
institution shall conclusively be deemed thereafter not to be Registrable Securities under this Agreement. 
 (c) Public
Transfers. From time to time after the Initial Public Offering, the Requisite Holders may determine to require the holders of Registrable Securities to make reasonable efforts to coordinate their efforts to Transfer Registrable Securities
pursuant to Rule 144 (“144 Coordination”) or to discontinue such requirement. As of the date of this Agreement, 144 Coordination shall be required until such time, if ever, as the Requisite Holders provide a subsequent notice to the
holders of Registrable Securities that such coordination is discontinued. Thereafter, the Requisite Holders may reinstitute and discontinue 144 Coordination from time to time by providing notice to the holders of Registrable Securities. 

(i) For so long as 144 Coordination is in effect, each holder of Registrable Securities shall promptly notify the Principal Investor
Groups when it wishes to Sell Registrable Securities under Rule 144, provided, that for any given measurement period for purposes of the Rule 144 group volume limit, except as provided in Section 9(c)(ii) or 9(f), no holder of Registrable
Securities shall be permitted to effect Transfers in excess of their pro rata share (based on its percentage ownership of Registrable Securities held by all holders of Registrable Securities at the start of such measurement period) of all
Registrable Securities that may be Transferred by members of the Related Group during the applicable measurement period based on its percentage ownership of Registrable Securities 

  

 18 

 
held by all holders of Registrable Securities at the start of such measurement period. In the event any holder of Registrable Securities agrees to forego its
full pro rata share of the Rule 144 group volume limit by written notice to the Principal Investor Groups, the remainder shall be re-allocated pro rata among the other holders of Registrable Securities in like manner (except that the Interests held
by such forfeiting holder of Registrable Securities at the start of such measurement period shall be excluded from such calculation). 
 (ii) The provisions of this Section 9(c) shall not apply to any Transfer of Registrable Securities (i) in a Public Offering, (ii) to a Permitted Transferee in a transaction that does not rely on Rule
144 or (iii) at any time with respect to which 144 Coordination is not effective. 
 (iii) Notwithstanding the foregoing,
a holder of Registrable Securities may opt out of 144 Coordination with respect to any period of time if such holder of Registrable Securities delivers a notice to the Principal Investor Groups irrevocably committing not to Transfer Registrable
Securities pursuant to Rule 144 or a transaction described in Section 9(d) or 9(e) during such period. 
 (d) Certain
Other Transfers. After the Initial Public Offering, each holder of Registrable Securities (the “Initiating Transferor”) shall notify the Principal Investor Groups (or, after the expiration of the term described in
Section 9(h), the other holders of Registrable Securities) when it plans to Transfer any or all of its Registrable Securities pursuant to (i) a block sale to a financial institution, (ii) a private transfer pursuant to
Section 3.1.4 of the Investors Agreement, or (iii) a transfer pursuant to Section 3.8 of the Investors Agreement. 
 (e) Distributions to Partners, Members or Interest Holders. For so long as 144 Coordination is effective, each holder of Registrable Securities shall provide reasonable prior notice to the Principal Investor Groups prior to any
distribution by a holder of Registrable Securities to its partners, members, managers or shareholders in accordance with such holder’s governing documents (a “LP Distribution”). 
 (f) Volume Limit. For purposes of this Agreement, so long as 144 Coordination is effective, Transfers contemplated by
Section 9(d)(i) and (ii), and LP Distributions, will be limited to the number of Registrable Securities that the applicable holder of Registrable Securities would have been permitted to Transfer under Rule 144 pursuant to the proviso in
Section 9(c)(i), and will reduce for purposes of this Agreement, on a Registrable Security for Registrable Security basis, the number of Registrable Securities that such holder of Registrable Securities is permitted to sell under Rule 144,
whether individually or as part of a Related Group, whether or not such Transfer or LP Distribution is required by law to be so treated. In the event that, while 144 Coordination is in effect, any holder of Registrable Securities elects to make a
Transfer contemplated by Section 9(c)(i), or an LP Distribution, and provided that such Transfer or LP Distribution is not required by law to be taken into account for purposes of the Related Group’s volume limit under Rule 144, then each
holder of Registrable Securities’ (including the holder of Registrable Securities making such Transfer or LP 

  

 19 

 
Distribution) pro rata share of the Related Group’s volume limit for purposes of Section 9(d)(i) shall be increased by such holder of Registrable
Securities’ pro rata share of the Registrable Securities that such holder of Registrable Securities is no longer permitted to sell under Rule 144 pursuant to the first sentence of this Section 9(f). 
 (g) No 144 Coordination. Subject, in all cases, to any applicable law, in the event that 144 Coordination is not in effect, no
holder of Registrable Securities shall, in a given calendar year, Transfer pursuant to Rule 144, in a block sale to a financial institution or in an LP Distribution, Registrable Securities representing more than the lesser of (a) 2% of the
total Registrable Securities outstanding on the first day of such calendar year and (b) 20% of the total Registrable Securities owned by such holder of Registrable Securities on the first day of such calendar year, in each case without the
approval of a majority of the Principal Investor Directors, which such approval shall be granted or withheld with respect to all holders of Registrable Securities in a fair and equitable manner over the course of such calendar year. 
 (h) Period. Except for Section 9(d), the provisions of Sections 9(a) through 9(g) shall terminate with respect to any
Registrable Security on the earlier of (a) the fifth anniversary of the closing of the Qualified Public Offering and (b) such time as the Principal Investor Groups, in the aggregate, own less than a 20% of the then outstanding Registrable
Securities. The Requisite Holders, in their sole discretion, may elect to exclude any holder of Sections 9(a) through 9(g) from the provisions of Sections 9(a) through 9(g) at any time. 
 Section 10. Underwritten Registrations. If any Demand Registration is an underwritten offering (including a Qualified Public Offering), the
Requisite Holder making the demand shall have the right to select the investment banker or investment bankers and managers to administer the offering, subject to approval by the Corporation, not to be unreasonably withheld. The Corporation shall
have the right to select the investment banker or investment bankers and managers to administer any Piggyback Registration. 
 No Person may
participate in any underwritten registration hereunder unless such Person (i) agrees to sell the Registrable Securities it desires to have covered by the Demand Registration on the basis provided in any underwriting arrangements in customary
form and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements, provided that such Person shall not be required to
make any representations or warranties other than those related to title and ownership of shares and as to the accuracy and completeness of statements made in a Registration Statement, Prospectus, offering circular, or other document in reliance
upon and in conformity with written information furnished to the Corporation or the managing underwriter by such Person. 
 Section 11.
Limitation on Subsequent Registration Rights. From and after the date of this Agreement and prior to the Conversion, Freescale Holdings shall not, and from and after the Conversion the Corporation shall not, without the prior written consent
of the Requisite Holders, enter into any agreement with any holder or prospective holder of any securities of Freescale Holdings or the Corporation, as the case may be, giving such holder or prospective holder any registration rights the terms of
which are equivalent to or more favorable than the registration 

  

 20 

 
rights granted to holders of Registrable Securities hereunder, or which would reduce the amount of Registrable Securities the holders can include in any
registration filed pursuant to Section 3 hereof, unless such rights are subordinate to those of the holders of Registrable Securities. 
 Section 12. Miscellaneous. 
 (a) Withdrawal from Agreement. If the Corporation consummates a Qualified
Public Offering, then on and after the first date on which the Principal Investors own less than 50% of the outstanding shares of Common Stock held by all Principal Investor Groups immediately prior to the Qualified Public Offering, any holder
shares of Common Stock that, together with its Affiliates, holds less than one percent (1%) of the then outstanding shares of Common Stock may elect (on behalf of itself and all of its Affiliates that hold shares of Common Stock), by written
notice to the board of directors of the Corporation and the Principal Investor Groups, to (a) withdraw all shares of Common Stock held by such holder and all of its Affiliates from this Agreement and the Investors Agreement (shares of Common
Stock withdrawn pursuant to this clause (a), the “Withdrawn Securities”) and (b) terminate this Agreement with respect to such holder and its Affiliates (holders and Affiliates withdrawing pursuant to this clause (b), the
“Withdrawing Holders”). From the date of delivery of such withdrawal notice, the Withdrawn Securities shall cease to be Securities subject to this Agreement and the Investors Agreement and, if applicable, the Withdrawing Holders
shall cease to be parties to this Agreement and the Investors Agreement and shall no longer be subject to the obligations of this Agreement or the Investors Agreement or have rights under this Agreement or the Investors Agreement; provided, however,
that such Withdrawing Holders, if they are members of a Principal Investor Group, shall comply with, and cause the other members of such Principal Investor Group to comply with, such Principal Investor Group’s obligations under Section 2.4
of the Shareholders’ Agreement to cause the removal or resignation of any managers designated by such Principal Investor Group; provided, further, that the Withdrawing Holders shall nonetheless be obligated under Section 5 of the Investors
Agreement with respect to any Pending Underwritten Offering (as defined in the Investors Agreement) to the same extent that they would have been obligated if they had not withdrawn. 
 (b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given without the written consent of the Requisite Holders; provided, however, that in no event shall the obligations of any holder
of Registrable Securities be materially increased or the rights of any Shareholder be adversely affected (without similarly adversely affecting the rights of all Shareholders), except upon the written consent of such holder. Notwithstanding the
foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of holders of Registrable Securities whose securities are being sold pursuant to a Registration Statement and that
does not directly or indirectly affect the rights of other holders of Registrable Securities may be given by holders of at least a majority of the Registrable Securities being sold by such holders pursuant to such Registration Statement. 

(c) Notices. All notices required to be given hereunder shall be in writing and shall be deemed to be duly given if personally
delivered, telecopied and confirmed, 

  

 21 

 
or mailed by certified mail, return receipt requested, or overnight delivery service with proof of receipt maintained, at the following address (or any other
address that any such party may designate by written notice to the other parties): 
 If to the Corporation, to the address of its principal
executive offices. If to any Shareholder, at such Shareholder’s address as set forth on the records of the Corporation. Any such notice shall, if delivered personally, be deemed received upon delivery; shall, if delivered by telecopy, be deemed
received on the first business day following confirmation; shall, if delivered by overnight delivery service, be deemed received the first business day after being sent; and shall, if delivered by mail, be deemed received upon the earlier of actual
receipt thereof or five business days after the date of deposit in the United States mail. 
 (d) Successors and Assigns;
Shareholder Status. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties, including subsequent holders of Registrable Securities acquired, directly or indirectly, from the
Shareholders; provided, however, that such successor or assign shall not be entitled to such rights unless the successor or assign shall have executed and delivered to the Corporation an Addendum Agreement substantially in the form of
Exhibit A hereto (which shall also be executed, if prior to the Conversion, by Freescale Holdings and, if after the Conversion, by the Corporation) promptly following the acquisition of such Registrable Securities, in which event such successor or
assign shall be deemed a Shareholder for purposes of this Agreement and Annex A shall be updated by the Corporation accordingly. Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any Person other than the
parties hereto and their respective successors and permitted assigns any legal or equitable right, remedy or claim under, in or in respect of this Agreement or any provision herein contained. 
 (e) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
 (f) Headings. The section and paragraph headings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 (g) Governing Law. This Agreement and all 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 Delaware 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. 
 (h) Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto
shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant 

  

 22 

 
or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions,
covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 
 (i) Entire Agreement. This Agreement, the Investors Agreement, the Shareholders’ Agreement and the Partnership Agreement are intended by the parties as a final expression of their agreement, and are intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to
herein or therein, with respect to the registration rights granted by the Corporation with respect to Registrable Securities. This Agreement, the Investors Agreement, the Shareholders’ Agreement and the Partnership Agreement supersede all prior
agreements and understandings between the parties with respect to such subject matter. 
 (j) Securities Held by the
Corporation or its subsidiaries. Whenever the consent or approval of holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Corporation or its subsidiaries shall not be counted in
determining whether such consent or approval was given by the holders of such required percentage. 
 (k) Specific
Performance. The parties hereto recognize and agree that money damages may be insufficient to compensate the holders of any Registrable Securities for breaches by the Corporation of the terms hereof and, consequently, that the equitable remedy
of specific performance of the terms hereof will be available in the event of any such breach. 
 (l) Consent to
Jurisdiction. All actions arising out of or relating to this Agreement shall be heard and determined exclusively in any New York state or federal court sitting in the Borough of Manhattan in The City of New York. The parties hereto hereby
(a) submit to the exclusive jurisdiction of any state or federal court sitting in the Borough of Manhattan of The City of New York for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and
(b) irrevocably waive, and agree not to assert by way of motion, 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 of from
attachment or execution, that the action is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts.

 (m) 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 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 

  

 23 

 
ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 12(m) CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND
WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 12(m) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER
OF ITS RIGHT TO TRIAL BY JURY. 
  

 24 

 IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights Agreement to be duly executed
as of the date first above written. 
  

			
	FREESCALE HOLDINGS L.P.,
		
	By:	 	Freescale Holdings GP, Ltd., its General Partner
		
	By:	 	 /s/ Paul C. Schorr IV

	Name:	 	Paul C. Schorr IV
	Title:	 	President

			
	Blackstone Capital Partners (Cayman) V L.P.
		
	By:	 	 Blackstone Management Associates
 (Cayman) V L.P., its
general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

  

			
	Blackstone Capital Partners (Cayman) V-A L.P.
		
	By:	 	 Blackstone Management Associates
 (Cayman) V L.P., its
general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

  

			
	BCP (Cayman) V-S L.P.
		
	By:	 	 Blackstone Management Associates
 (Cayman) V L.P., its
general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

  

			
	Blackstone Family Investment Partnership (Cayman) V L.P.
		
	By:	 	 Blackstone Management Associates
 (Cayman) V
L.P., its general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

  

			
	Blackstone Family Investment Partnership (Cayman) V-A L.P.
		
	By:	 	 Blackstone Management Associates
 (Cayman) V
L.P., its general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

  

			
	Blackstone Participation Partnership (Cayman) V L.P.
		
	By:	 	 Blackstone Management Associates
 (Cayman) V
L.P., its general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

			
	BCP V Co-Investors (Cayman) L.P.
		
	By:	 	 Blackstone Management Associates (Cayman)
 V L.P., its general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV 

	Title:	 	Attorney-in-Fact

  

			
	Blackstone Firestone Transaction Participation Partners (Cayman) L.P.
		
	By:	 	 Blackstone Management Associates (Cayman)
 V L.P., its general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV 

	Title:	 	 Attorney-in-Fact

  

			
	Blackstone Firestone Principal Transaction Partners (Cayman) L.P.
		
	By:	 	 Blackstone Management Associates (Cayman)
 V L.P., its general partner

		
	By:	 	Blackstone LR Associates (Cayman) V Ltd., its general partner
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV

	Title:	 	 Attorney-in-Fact

			
	Carlyle Partners IV Cayman, L.P.
		
	By:	 	TC Group IV Cayman, L.P., its general partner
		
	By:	 	CP IV GP, Ltd., its general partner
		
	By:	 	/s/ Daniel A. D’Aniello
	Name:	 	 Daniel A. D’Aniello

	Title:	 	 Managing Director

  

			
	CPIV Coinvestment Cayman, L.P.
		
	By:	 	TC Group IV Cayman, L.P., its general partner
		
	By:	 	CP IV GP, Ltd., its general partner
		
	By:	 	/s/ Daniel A. D’Aniello
	Name:	 	 Daniel A. D’Aniello

	Title:	 	 Managing Director

  

			
	Carlyle Asia Partners II, L.P.
		
	By:	 	TC Group IV Cayman, L.P., its general partner
		
	By:	 	CP IV GP, Ltd., its general partner
		
	By:	 	/s/ Daniel A. D’Aniello
	Name:	 	 Daniel A. D’Aniello

	Title:	 	 Director

  

			
	CAP II Co-Investment, L.P.
		
	By:	 	TC Group IV Cayman, L.P., its general partner
		
	By:	 	CP IV GP, Ltd., its general partner
		
	By:	 	/s/ Daniel A. D’Aniello
	Name:	 	 Daniel A. D’Aniello

	Title:	 	 Director

  

			
	CAP II Participations S.A.R.L. SICAR
		
	By:	 	/s/ John F. Harris
	Name:	 	 John F. Harris

	Title:	 	 Manager

  

			
	Carlyle Japan Partners, L.P.
		
	By:	 	CJP General Partner, L.P., its general partner
		
	By:	 	Carlyle Japan Ltd., its general partner
		
	By:	 	/s/ Daniel A. D’Aniello
	Name:	 	 Daniel A. D’Aniello

	Title:	 	 Director

  

			
	CJP Co-Investment, L.P.
		
	By:	 	CJP General Partner, L.P., its general partner
		
	By:	 	Carlyle Japan Ltd., its general partner
		
	By:	 	/s/ Daniel A. D’Aniello
	Name:	 	 Daniel A. D’Aniello

	Title:	 	 Director

			
	P4 Sub L.P.1
		
	By:	 	 Permira IV Managers L.P., its manager

	By:	 	Permira IV Managers Limited, its general partner
		
	By:	 	/s/ Alistair Boyle
	Name:	 	 Alistair Boyle

	Title:	 	 As Alternate Director to Paul Guilbert

	
	 Permira IV L.P.2

		
	By:	 	Permira IV Managers L.P., its manager
	By:	 	Permira IV Managers Limited, its general partner
		
	By:	 	/s/ Alistair Boyle
	Name:	 	 Alistair Boyle

	Title:	 	 As Alternate Director to Paul Guilbert

	
	Permira Investments Limited
		
	By:	 	Permira Nominees Limited, as nominee
		
	By:	 	/s/ Alistair Boyle
	Name:	 	 Alistair Boyle

	Title:	 	 As Alternate Director to Paul Guilbert

	
	P4 Co-Investment L.P.
		
	By:	 	Permira IV GP L.P., its manager
	By:	 	Permira IV GP Limited, its general partner
		
	By:	 	/s/ Alistair Boyle
	Name:	 	 Alistair Boyle

	Title:	 	 As Alternate Director to Paul Guilbert

					
	TPG Partners IV — AIV, L.P.
		
	By:	 	TPG GenPar IV-AIV, L.P., its general partner
		
	By:	 	TPG Advisors IV-AIV, Inc., its general partner
		
	By:	 	/s/ Clive Bode
	Name:	 	 Clive Bode

	Title:	 	 Vice President

	
	TPG Partners V — AIV, L.P.
		
	By:	 	TPG GenPar V-AIV, L.P., its general partner
		
	By:	 	TPG Advisors V-AIV, Inc., its general partner
		
	By:	 	 /s/ Clive Bode

	Name:	 	 Clive Bode

	Title:	 	 Vice President

			
	 Wilshire Private Markets Short Duration Fund I, L.P.

		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	Wilshire U.S. Private Markets Fund VII, L.P.
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	 Name:
	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	Uberior Co-Investments Limited
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	Partners Group Access III, L.P.
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	A.S.F. Co-Investment Partners III, L.P.
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister 

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	European Strategic Partners
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

			
	European Strategic Partners Scottish B
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	European Strategic Partners Scottish C
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	European Strategic Partners 1-LP
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	ESP Co-investment Limited Partnership
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	ESP II Conduit LP
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	ESP 2004 Conduit LP
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	ESP 2006 Conduit LP
		
	By:	 	Permira Advisors L.L.C., as Attorney-in-Fact
		
	By:	 	 /s/ Thomas Lister

	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

					
	ESP Tidal Reach LP
		
	By:	 	Permira Advisers L.L.C., as Attorney-in-Fact
		
	By:	 	/s/ Thomas Lister
	Name:	 	 Thomas Lister

	Title:	 	 Authorized Signatory

	
	Edcastle Limited Partnership
		
	By:	 	Permira Advisers L.L.C., as Attorney-in-Fact
		
	By:	 	/s/ Thomas Lister
	Name:	 	 Thomas Lister 

	Title:	 	 Authorized Signatory

	
	North American Strategic Partners, L.P.
		
	By:	 	Permira Advisers L.L.C., as Attorney-in-Fact
		
	By:	 	/s/ Thomas Lister
	Name:	 	 Thomas Lister 

	Title:	 	 Authorized Signatory 

	
	Rose Nominees Limited A/C 21425
		
	By:	 	Permira Advisers L.L.C., as Attorney-in-Fact
		
	By:	 	/s/ Thomas Lister
	Name:	 	 Thomas Lister 

	Title:	 	 Authorized Signatory 

	
	 Performance Direct Investments II, L.P.

			
	By:	 		 	Performance Direct Investors II, a series of
		 		 	Performance Equity Management, LLC
		
	By:	 	/s/ Larry Rusoff
	Name:	 	 Larry Rusoff

	Title:	 	 Managing Director

	
	HarbourVest Partners VIII-Buyout Fund L.P.
		
	By:	 	HarbourVest VIII-Buyout Associates L.P., its general partner
		
	By:	 	HarbourVest VIII-Buyout Associates LLC, its general partner
		
	By:	 	HarbourVest Partners, LLC, its managing member
		
	By:	 	/s/ Robert M. Wadsworth
	Name:	 	 Robert M. Wadsworth

	Title:	 	 Managing Director

	
	HarbourVest Partners 2004 Direct Fund L.P.
		
	By:	 	HarbourVest Partners 2004 Direct Associates LLC, its general partner
		
	By:	 	HarbourVest Partners, LLC, it managing member
		
	By:	 	/s/ Robert M. Wadsworth
	Name:	 	 Robert M. Wadsworth

	 Title: 
	 	 Managing Director

			
	Hamilton Lane Co-Investment Fund L.P.
		
	By:	 	Hamilton Lane Co-Investment GP LLC
		
	By:	 	/s/ Robert W. Cleveland
	Name:	 	 Robert W. Cleveland

	Title:	 	 Vice President

	
	Golden Gate Capital Investments II (BVI), LP
		
	By:	 	Golden Gate Capital Management II, L.L.C., its authorized representatives
		
	By:	 	/s/ David Dominik
	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	Golden Gate Capital Investments II-A Adjunct (BVI), LP
		
	By:	 	Golden Gate Capital Management II, L.L.C., its authorized representatives
		
	By:	 	/s/ David Dominik
	Name:	 	 David Dominik

	Title:	 	 Managing Director

			
	Golden Gate Capital Investment Fund II (AI), LP
		
	By:	 	Golden Gate Capital Management II, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	Golden Gate Capital Investment Fund II-A (AI), L.P.
		
	By:	 	Golden Gate Capital Management II, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	Golden Gate Capital Associates II-QP, LLC
		
	By:	 	Golden Gate Capital Management II, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	Golden Gate Capital Associates II-AI, LLC
		
	By:	 	Golden Gate Capital Management II, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	CCG AV, LLC-Series C
		
	By:	 	Golden Gate Capital Management, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	CCG AV, LLC-Series A
		
	By:	 	Golden Gate Capital Management, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	CCG AV, LLC-Series I
		
	By:	 	Golden Gate Capital Management, L.L.C., its authorized representative
		
	By:	 	 /s/ David Dominik

	Name:	 	 David Dominik

	Title:	 	 Managing Director

	
	Battery Ventures VII, L.P.
		
	By:	 	 /s/ Thomas Crotty

	Name:	 	 Thomas Crotty

	Title:	 	 Managing Member

			
	Battery Investment Partners VII, L.P.
		
	 By:
	 	Battery Partners VII, LLC, its General Partner
		
	By:	 	/s/ Thomas Crotty
	Name:	 	Thomas Crotty
	Title:	 	Manager

  

			
	Battery Investment Partners VII, LLC
		
	By:	 	/s/ Thomas Crotty
	Name:	 	Thomas Crotty
	Title:	 	Manager

 THE MANAGERS: 
  

			
	*	 	ALAN CAMPBELL
		
	*	 	SANDEEP CHENNAKESHU
		
	*	 	PAUL E. GRIMME
		
	*	 	DENIS GRIOT
		
		 	MICHEL MAYER
		
		 	 /s/ Michel Mayer

		
	*	 	JANELLE MONNEY
		
	*	 	ALEXANDER PEPE
		
	*	 	DAVID PERKINS
		
	*	 	SUMIT SADANA
		
	*	 	TSUNEO TAKAHASHI
		
	*	 	JOHN TORRES
		
	*	 	KURT TWINING
		
	*	 	JOSEPH TIN CHONG YIU

	*	The signature immediately below shall serve as a signature at each place indicated with an “*” above: 

  

			
	
	/s/ John Torres
	Name:	 	John Torres

 Annex A 
 SHAREHOLDERS 
 List of Shareholders 
 Blackstone Capital Partners (Cayman) V L.P. 
 Blackstone Capital Partners (Cayman) V-A L.P. 
 BCP (Cayman) V-S L.P. 
 Blackstone Family Investment Partnership (Cayman) V
L.P. 
 Blackstone Family Investment Partnership (Cayman) V-A L.P. 
 Blackstone Participation Partnership (Cayman) V L.P. 
 Carlyle Partners IV Cayman 
 CPIV Coinvestment Cayman 
 Carlyle Asia Partners II 
 CAP II Co-Investment 
 CEP II Participations 
 Carlyle Japan Partners 
 CJP Co-Investment 
 P4 Sub L.P.1 
 Permira IV L.P.2 
 Permira Investments Limited 
 P4 Co-Investment L.P. 
 TPG Partners IV — AIV, L.P. 
 TPG Partners V — AIV, L.P. 
 Wilshire Private Markets Short Duration Fund I, L.P. 
 Wilshire U.S. Private Markets Fund VII, L.P. 
 Uberior Co-Investments Limited 
 Partners Group Access III, L.P. 

A.S.F. Co-Investment Partners III, L.P. 
 European Strategic Partners

 European Strategic Partners Scottish B 
 European Strategic
Partners Scottish C 
 European Strategic Partners 1-LP 
 ESP
Co-investment Limited Partnership 
 ESP II Conduit LP 
 ESP 2004
Conduit LP 
 ESP 2006 Conduit LP 
 ESP Tidal Reach LP 

Edcastle Limited Partnership 
  

 Annex A-1 

 List of Shareholders 
 North American Strategic Partners, L.P. 
 Rose Nominees Limited a/c 21425 
 Performance Direct Investments II L.P. 
 HarbourVest Partners VIII-Buyout Fund L.P. 
 HarbourVest Partners 2004 Direct Fund L.P. 
 Hamilton Lane Co-Investment Fund
L.P. 
 BCP V Co-Investors (Cayman) L.P. 
 Blackstone Firestone
Transaction Participation Partners (Cayman) L.P. 
 Blackstone Firestone Principal Transaction Partners (Cayman) L.P. 
 GGC Investments II BVI, LP
 GGC Investments II-A Adjunct BVI, LP

GGC Investment Fund II (AI), LP 
 GGC Investment Fund II-A (AI), LP

 GGC Associates II-QP, LLC 
 GGC Associates II-AI,
LLC
 CCG AV, LLC-series C
 CCG AV, LLC-series A
 CCG AV, LLC-series I
 Battery Ventures VII, L.P. 
 Battery Investment Partners VII, LLC 
 William Bradford 
 Alan Campbell 
 Richard Chambers 
 Sandeep Chennakeshu 
 Sam Coursen 
 Paul E. Grimme 
 Denis Griot 
 Gregory Heinlein 
 Carl J. Johnson 
 Michel Mayer 
 Janelle Monney 
 Jignasha Patel 
 Alexander Pepe 
 David Perkins 
 Sumit Sadana 
 Tsuneo Takahashi 
 Saied Tehrani 
 John Torres 
 Kurt Twining 
 Suresh Venkatesan 
 Joseph Tin Chong Yiu 

 EXHIBIT A 
 ADDENDUM AGREEMENT 
 This Addendum Agreement is made this ___ day of ____________, 20___, by and between
_____________________________ (the “New Shareholder”) and [the Corporation] (the “Corporation”), pursuant to a Registration Rights Agreement dated as of [  ] (the “Agreement”), between and among the Company
and the Shareholders. Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to them in the Agreement. 
 WITNESSETH: 
 WHEREAS, the Corporation has agreed to provide registration rights with respect to the Registrable Securities as set
forth in the Agreement; and 
 WHEREAS, the New Shareholder has acquired Registrable Securities directly or indirectly from a Shareholder;
and 
 WHEREAS, the Company and the Shareholders have required in the Agreement that all persons desiring registration rights must enter into
an Addendum Agreement binding the New Shareholder to the Agreement to the same extent as if it were an original party thereto; 
 NOW,
THEREFORE, in consideration of the mutual promises of the parties, the New Shareholder acknowledges that it has received and read the Agreement and that the New Shareholder shall be bound by, and shall have the benefit of, all of the terms and
conditions set out in the Agreement to the same extent as if it were an original party to the Agreement and shall be deemed to be a Shareholder thereunder. 
 [Amend Annex A of Agreement if necessary to reflect appropriate schedule for new Shareholder.] 
  

	
	
	   
	New Shareholder

  

	
	Address:
	  
	  

  

 Exhibit A-1 

 AGREED TO on behalf of [the Corporation] pursuant to Section 12(d) of the Agreement. 
  

			
	[THE CORPORATION]
		
	By:	 	  
	  
	Printed Name and Title

  

 Exhibit A-2Warrant Agreement

 Exhibit 4.12 
  

 WARRANT AGREEMENT 
 Dated as of December 1, 2006 
 between 
 FREESCALE HOLDINGS (BERMUDA) I, LTD. 
 and 
 FREESCALE HOLDINGS L.P. 
  

 WARRANT AGREEMENT, dated as of December 1, 2006 between FREESCALE HOLDINGS (BERMUDA) I, LTD.,
a Bermuda exempted company limited by shares (the “Company”), and FREESCALE HOLDINGS L.P., a Cayman Islands exempted limited partnership (the “Initial Holder”). 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 1. Grant. The Company hereby grants to the Initial Holder warrants designated as Class B warrants (“Warrants”) which shall entitle the registered holder thereof to purchase from the Company, at any
time or from time to time hereafter, up to 24,599,232 shares (the “Warrant Shares”) of Common Stock, par value U.S.$0.01 per share, of the Company (“Common Stock”), subject to adjustment as provided in Section 6, at the
exercise price of $14.00 per share, subject to adjustment as provided in Section 6 (the “Exercise Price”), all subject to the terms and upon the conditions set forth herein. 
 2. Warrant Certificates. The Warrants shall be evidenced by certificates issued pursuant to this Agreement (the “Warrant Certificates”)
in the form set forth in Exhibit A hereto, with such appropriate insertions, omissions, substitutions, and other variations as are required or permitted by this Agreement. 
 3. Exercise of Warrant. 
 (a)
General. Subject to the provisions of this Agreement, upon surrender to the Company at its principal office of a Warrant Certificate with the annexed Form of Election to Purchase duly executed, together with payment in accordance with
Section 3(b) of the Exercise Price then in effect, the Company shall issue and deliver promptly to the registered holder of such Warrant Certificate, a certificate or certificates for the Warrant Shares or other securities or property to which
the registered holder is entitled, registered in the name of such registered holder or, upon the written order of such registered holder, in such name or names as such registered holder may designate. In the case of an exercise of Warrants, any
certificate or certificates representing Warrant Shares shall be deemed to have been issued and any person so designated to be named therein shall be deemed to have become the holder of record of the Warrant Shares as of the date of the surrender of
such Warrant Certificate (together with such duly executed Form of Election to Purchase) and payment of the Exercise Price. 
 (b)
Payment. Payment of the Exercise Price shall be made, at the option of the registered holder of the Warrants, (i) in cash, (ii) by wire transfer payable to the order of the Company, or (iii) on a net basis, such that without
the exchange of any funds, such holder receives that number of Warrant Shares that would otherwise be issuable upon a cash exercise of such Warrants less that number of Warrant Shares having a current market price equal to the aggregate Exercise
Price that would otherwise have been paid by such holder for the number of Warrant Shares with respect to which such Warrant is being exercised in which case, such 

  

 1 

 
exchange shall be treated as a recapitalization under Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”). For the
purpose of any computation under this paragraph 3(b), the current market price per share of Common Stock on any day shall be deemed to be the average of the Closing Prices of the Common Stock for the ten (10) consecutive trading days ending on
the day before the day the Warrant Certificate (together with a duly executed Form of Election to Purchase) is delivered to the Company. The term “Closing Price” shall mean, for each trading day, the last reported sale price regular way on
the principal national securities exchange on which the Common Stock is then listed or admitted for trading or, if the Common Stock is not listed on a national securities exchange, the average of the closing bid and asked prices in the
over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the Company for that purpose. If for any reason the current market price per share cannot be determined pursuant to the foregoing
provisions of this paragraph, the current market price per share shall be the fair market value thereof as determined in good faith by the Board of Directors of the Company (the “Board”). 
 (c) Exercise in Whole or in Part. The purchase rights evidenced by a Warrant Certificate shall be exercisable, at the election of the registered
holder thereof, in whole or in part, but only for lots of 100 Warrant Shares or integral multiples thereof if less than all the Warrants then held by such registered holder are being exercised. If less than all of the Warrant Shares purchasable
under any Warrant Certificate are purchased, the Company shall cancel such Warrant Certificate upon the surrender thereof and shall execute and deliver a new Warrant Certificate of like tenor for the remaining number of Warrant Shares purchasable
thereunder. 
 (d) Fractional Shares. No fractional shares of Common Stock shall be issued upon exercise of any Warrants. Instead the
Company shall round the results of an exercise up to the nearest full share of Common Stock. 
 (e) Reservation of Shares. The Company
will at all times reserve and keep available out of its authorized Common Stock solely for the purpose of issuance upon exercise of the Warrants as herein provided, such number of shares of Common Stock as shall from time to time be issuable upon
the exercise of all outstanding Warrants. All shares of Common Stock that may be issued upon exercise of the Warrants will, upon issuance, be validly issued, fully paid and nonassessable and not subject to preemptive rights of any stockholder.

 4. Transfer. 
 (a)
Warrant Register. The Company shall maintain at its principal office a Warrant Register for registration of Warrant Certificates and transfers thereof. The Company shall initially register the outstanding Warrants in the name of the Initial
Holder. The Company may deem and treat the registered holder(s) of the Warrant Certificates as the absolute owner(s) thereof and of the Warrants represented thereby (notwithstanding any notation of ownership or other writing on the Warrant
Certificates made by any person) for the purpose of any exercise thereof or any distribution to the holder(s) thereof, and for all other purposes, and the Company 

  

 2 

 
shall not be affected by any notice to the contrary. For the purpose of this Agreement, all references to a holder herein shall refer to a registered holder
of Warrants. 
 (b) Warrants and Warrant Shares Not Registered. Each registered holder of the Warrants, by acceptance thereof,
represents and acknowledges that the Warrants and the Warrant Shares which may be purchased upon exercise of a Warrant are not registered under the Securities Act of 1933, as amended (the “Securities Act”), that the issuance of the
Warrants and the offering and sale of such Warrant Shares are being made in reliance on the exemption from registration under Section 4(2) of the Securities Act as not involving any public offering and that the Company’s reliance on such
exemption is predicated in part on the representations made by the Initial Holder of the Warrants to and with the Company that such holder (1) is acquiring the Warrants for investment for its own account, with no present intention of reselling
or otherwise distributing the same, (2) is an “accredited investor” as defined in Regulation D under the Securities Act, and (3) has such knowledge and experience in financial and business matters that it is capable of evaluating
the merits and risks of the investments made or to be made in connection with the acquisition and exercise of the Warrants. Neither the Warrants nor the related Warrant Shares may be transferred except (i) pursuant to an effective registration
statement under the Securities Act, (ii) pursuant to Rule 144 under the Securities Act if the transferor delivers a certificate, in form and substance reasonably satisfactory to the Company, that such transfer complies with the requirements of
Rule 144, or (iii) pursuant to any other available exemption from registration if such transferee makes the representations set forth in the preceding sentence in writing to the Company. 
 (c) Notice and Registration of Transfer. Each registered holder of the Warrants, by acceptance thereof, agrees that prior to any disposition by
such holder of the Warrants or of any Warrant Shares, such holder will give written notice to the Company expressing such holder’s intention to effect such disposition and describing briefly such holder’s intention as to the manner in
which the Warrants or the Warrant Shares theretofore issued or thereafter issuable upon exercise hereof, are to be disposed of, whereupon, but only if such transfer is permitted pursuant to paragraph 4(b) above, such transferring holder shall be
entitled to dispose of the Warrants and/or the Warrant Shares theretofore issued upon the exercise thereof, all in accordance with the terms of the notice delivered by such holder to the Company. In the event of such transfer, the Company shall
register the transfer of any outstanding Warrants in the Warrant Register upon surrender of the Warrant Certificate(s) evidencing such Warrants to the Company at its principal office, accompanied by a written instrument of transfer in form
reasonably satisfactory to it, duly executed by the registered holder thereof. Upon any such registration or transfer, new Warrant Certificate(s) evidencing such transferred Warrants shall be issued to the transferee(s) and the surrendered Warrant
Certificate(s) shall be canceled. 
 5. Special Agreements of the Company. The Company covenants and agrees as follows: 
 (a) Listing on Securities Exchanges. If the Common Stock is listed on a stock exchange or quoted on the Nasdaq National Market, the Company will
use its reasonable best 

  

 3 

 
efforts to procure at its sole expense the listing of all Warrant Shares (subject to issuance or notice of issuance) on all stock exchanges on which the
Common Stock is then listed, or the quotation of the Warrant Shares on the Nasdaq National Market, as the case may be, and maintain the listing or quotation of such shares and other securities after issuance. 
 (b) Actions in Avoidance; Non-Dilution. The Company will not, by amendment of its Memorandum and Articles of Association, as amended, or through
any reorganization, transfer of assets, consolidation, merger, issue or sale of securities or otherwise, avoid or take any action which would have the effect of avoiding the observance or performance of any of the terms to be observed or performed
hereunder by the Company but will at all times in good faith assist in carrying out all of the provisions of the Warrants and in taking all of such action as may be necessary or appropriate in order to protect the rights of the registered holders of
the Warrants against impairment. Without limiting the generality of the foregoing, the Company will (a) take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable
Warrant Shares upon the exercise of this Warrant, and (b) use its reasonable best efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be necessary to enable the
Company to perform its obligations under this Warrant. 
 6. Adjustment of Exercise Price and Number of Warrant Shares Issuable. The
number and kind of shares purchasable upon the exercise of Warrants and the Exercise Price shall be subject to adjustment from time to time as follows: 
 (a) In case the Company shall pay or make a dividend or other distribution on any class of capital stock of the Company in Common Stock, the Exercise Price in effect at the opening of business on the day following the
date fixed for the determination of stockholders entitled to receive such dividend or other distribution shall be reduced by multiplying such Exercise Price by a fraction the numerator of which shall be the number of shares of Common Stock
outstanding at the close of business on the date fixed for such determination and the denominator of which shall be the sum of such number of shares and the total number of shares constituting such dividend or other distribution, such reduction to
become effective immediately after the opening of business on the day following the date fixed for such determination of the holders entitled to such dividends and distributions. For the purposes of this paragraph 6(a), the number of shares of
Common Stock at any time outstanding shall not include shares held in the treasury of the Company. The Company will not pay any dividend or make any distribution on shares of Common Stock held in the treasury of the Company. 
 (b) In case the Company shall issue rights, options or warrants to all holders of its Common Stock entitling them to subscribe for, purchase or acquire
shares of Common Stock at a price per share less than the current market price per share (determined as provided in paragraph 6(h) below) of the Common Stock on the date fixed for the determination of stockholders entitled to receive such rights,
options or warrants, the Exercise Price in effect at the opening of business on the day following the date fixed for such determination shall be reduced by multiplying such Exercise Price by a fraction the numerator of which shall be the 

  

 4 

 
number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock
which the aggregate offering price for the total number of shares of Common Stock so offered for subscription, purchase or acquisition would purchase at such current market price per share and the denominator of which shall be the number of shares
of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock so offered for subscription, purchase or acquisition, such reduction to become effective immediately after the
opening of business on the day following the date fixed for such determination of the holders entitled to such rights, options or warrants. However, upon the expiration of any right, option or warrant to purchase Common Stock, the issuance of which
resulted in an adjustment in the Exercise Price pursuant to this paragraph 6(b), if any such right, option or warrant shall expire and shall not have been exercised, the Exercise Price shall be recomputed immediately upon such expiration and
effective immediately upon such expiration shall be increased to the price it would have been (but reflecting any other adjustments to the Exercise Price made pursuant to the provisions of this paragraph 6 after the issuance of such rights, options
or warrants) had the adjustment of the Exercise Price made upon the issuance of such rights, options or warrants been made on the basis of offering for subscription or purchase only that number of shares of Common Stock actually purchased upon the
exercise of such rights, options or warrants. No further adjustment shall be made upon exercise of any right, option or warrant if any adjustment shall have been made upon the issuance of such security. For the purposes of this paragraph 6(b), the
number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Company. The Company will not issue any rights, options or warrants in respect of shares of Common Stock held in the treasury of the
Company. 
 (c) In case the outstanding shares of Common Stock shall be subdivided into a greater number of shares of Common Stock, the
Exercise Price in effect at the opening of business on the day following the day upon which such subdivision becomes effective shall be reduced, and, conversely, in case the outstanding shares of Common Stock shall each be combined into a smaller
number of shares of Common Stock, the Exercise Price in effect at the opening of business on the day following the day upon which such combination becomes effective shall be increased to equal the product of the Exercise Price in effect on such date
and a fraction the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such subdivision or combination, as the case may be, and the denominator of which shall be the number of shares of Common Stock
outstanding immediately after such subdivision or combination, as the case may be. Such reduction or increase, as the case may be, shall become effective immediately after the opening of business on the day following the day upon which such
subdivision or combination becomes effective. 
 (d) In case the Company shall, by dividend or otherwise, distribute to all holders of its
Common Stock (A) evidences of its indebtedness or (B) shares of any class of capital stock, cash (excluding any ordinary cash dividends paid after an initial public offering of the Company) or other property or assets (including
securities, but excluding (x) any rights, options or warrants referred to in paragraph 6(b) above and (y) any dividend or distribution referred to in paragraph 6(a) or 6(c) above), then in each case, the Exercise Price in effect at the
opening of business on the day following the date fixed for the determination of holders of Common Stock entitled to receive such distribution shall be reduced by the then fair market 

  

 5 

 
value as determined by the Board (whose determination shall be conclusive) of the portion of the capital stock, cash or other assets or evidences of
indebtedness so distributed (and for which an adjustment to the Exercise Price has not previously been made pursuant to the terms of this paragraph 6) applicable to one share of Common Stock. 
 (e) The reclassification or change of Common Stock into securities, including securities other than Common Stock, (other than any reclassification upon a
consolidation or merger to which paragraph 6(o) below shall apply) shall be deemed to involve (A) a distribution of such securities other than Common Stock to all holders of Common Stock (and the effective date of such reclassification shall be
deemed to be “the date fixed for the determination of holders of Common Stock entitled to receive such distribution” within the meaning of paragraph 6(d) above), and (B) a subdivision or combination, as the case may be, of the number
of shares of Common Stock outstanding immediately prior to such reclassification into the number of shares of Common Stock outstanding immediately thereafter (and the effective date of such reclassification shall be deemed to be “the day upon
which such subdivision or combination becomes effective” within the meaning of paragraph 6(c) above). 
 (f) In case the Company shall
issue shares of its Common Stock (excluding shares issued (i) in any of the transactions described in paragraphs 6(a) – (d) above, (ii) pursuant to the grant of awards or the exercise of options or other awards issued under the
Company’s employee incentive plans or (iii) upon exercise of options and warrants of the Company outstanding as of the date hereof) for a consideration per share less than the current market price per share of Common Stock (as defined in
paragraph 6(h) below) in effect immediately prior to the earlier of (x) the issuance of such securities or (y) the date the Company has a contractual obligation to issue such securities (whether or not such contractual obligation is
contingent upon the passage of time or the occurrence of certain events or both), then the Exercise Price in effect at the opening of business on the day following the date of issuance of such shares of Common Stock shall be reduced by multiplying
such Exercise Price by a fraction (A) the numerator of which shall be the sum of (1) the number of shares of Common Stock outstanding (on a fully diluted basis) immediately prior to such issuance, and (2) the number of shares of
Common Stock which the aggregate consideration received by the Company (determined as provided in paragraph 6(i) below) for the total number of shares of Common Stock issued would purchase at the current market price per share (as defined in
paragraph 6(h)), and (B) the denominator of which is the total number of shares of Common Stock outstanding (on a fully diluted basis) immediately after such issuance. 
 (g) In case the Company shall issue any securities (including rights, warrants and options) convertible into, exercisable for or exchangeable for its
Common Stock (excluding securities issued (i) in any of the transactions described in paragraphs 6(b) and (d) above, (ii) pursuant to the grant of awards or the exercise of options or other awards issued under the Company’s
employee incentive plans or (iii) upon exercise of options and warrants of the Company outstanding as of the date hereof) for a consideration per share of Common Stock initially deliverable upon conversion, exercise or exchange of such
securities (determined as provided in paragraph 6(i) below) less than the current market price per share of Common Stock (as defined in paragraph 6(h) below) in effect immediately prior to the earlier of (x) the issuance 

  

 6 

 
of such securities or (y) the date the Company has a contractual obligation to issue such securities (whether or not such contractual obligation is
contingent upon the passage of time or the occurrence of certain events or both), then the Exercise Price in effect at the opening of business on the day following the date of issuance of such securities shall be reduced by multiplying such Exercise
Price by a fraction, (A) the numerator of which shall be the sum of (1) the number of shares of Common Stock outstanding (on a fully diluted basis) immediately prior to the issuance of such securities, and (2) the number of shares of
Common Stock which the aggregate consideration received by the Company (determined as provided in paragraph 6(i) below) for such securities would purchase at such current market price per share of Common Stock, and (B) the denominator of which
shall be the sum of the number of shares of Common Stock outstanding immediately prior to such issuance and the maximum number of shares of Common Stock of the Company deliverable upon conversion, exercise or exchange of such securities at the
initial conversion, exercise or exchange price or rate. No further adjustment shall be made upon the conversion, exercise or exchange of such security if any adjustment shall have been made upon the issuance of such security. 
 (h) For the purpose of any computation under this Section 6, the current market price per share of Common Stock on any day shall be: 
 (A) if the Common Stock is listed or admitted to trading on a principal national securities exchange in the United States, the Nasdaq
National Market or in the over-the-counter market, the current market price per share shall be deemed to be the average of the Closing Prices of the Common Stock for the 10 consecutive trading days immediately preceding the trading day before the
day in question; provided that, in the case of paragraph 6(d), if the period between the date of the public announcement of the dividend or distribution and the date for the determination of holders of Common Stock entitled to receive such
dividend or distribution shall be less than 10 trading days, the period shall be such lesser number of trading days but, in any event, not less than five trading days; 
 (B) if the Common Stock is not quoted or listed by any such organization, exchange or market, the current market price per share shall be
the fair market value thereof as determined in good faith by the Board. 
 (i) For purposes of any computation respecting consideration
received pursuant to paragraphs 6(f) and (g) above, the following shall apply: 
 (A) in the case of the issuance of
shares of Common Stock for cash, the consideration shall be the gross proceeds to the Company from such issuance, which shall not include any deductions for any commissions, discounts or other expenses incurred by the Company in connection
therewith; 
  

 7 

 (B) in the case of the issuance of shares of Common Stock for a consideration in whole or
in part other than cash or, subject to clause (C), securities, the consideration other than cash shall be deemed to be the fair market value thereof as determined in good faith by the Board (irrespective of the accounting treatment thereof), whose
determination shall be conclusive; 
 (C) in the case of the issuance of shares of Common Stock for a consideration in whole
or in part consisting of securities, the value of any securities shall be deemed to be: (x) if traded on a securities exchange or through the Nasdaq National Market, the average of the closing prices of the securities on such securities
exchange or quotation system over the 10 trading day period ending on the trading day immediately preceding the day in question, (y) if actively traded over-the-counter, the average of the closing bid or sale prices (whichever is applicable)
over the 10 day period ending on the trading day immediately preceding the day in question and (z) if there is no active public market, the fair market value thereof, determined as provided in clause (B) above; and 
 (D) in the case of the issuance of securities convertible into, exercisable for or exchangeable for shares of Common Stock, the aggregate
consideration received therefor shall be deemed to be the consideration received by the Company for the issuance of such securities plus the additional consideration, if any, to be received by the Company upon the conversion, exercise or exchange
thereof (the consideration in each case to be determined in the same manner as provided in clauses (A) through (C) of this paragraph 6(i)). 
 (j) All calculations under this paragraph 6 shall be made to the nearest 1/1,000th of a cent or to the nearest 1/1,000th of a share, as the case may be. 
 (k) For purposes of this paragraph 6, “Common Stock” includes any stock of any class of the Company which has no preference in respect of
dividends or of amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company and which is not subject to redemption by the Company. However, subject to the provisions of paragraph 6(n) below,
shares issuable on exercise of the Warrants shall include only shares of the class designated as Common Stock of the Company on the date hereof or shares of any class or classes resulting from any reclassification thereof and which have no
preferences in respect of dividends or amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Company and which are not subject to 

  

 8 

 
redemption by the Company; provided that, if at any time there shall be more than one such resulting class, the shares of each such class then so
issuable shall be substantially in the proportion which the total number of shares of such class resulting from all such reclassifications bears to the total number of shares of all such classes resulting from all such reclassifications. 

(l) No adjustment in the Exercise Price shall reduce the Exercise Price below the then par value of the Common Stock. The Company hereby agrees with
each holder of Warrants that it shall not increase the par value of the Common Stock above its current par value of U.S.$0.01 per share. No adjustment in the Exercise Price need be made under paragraphs 6(a), 6(b) and 6(d) above if the Company
issues or distributes to each registered holder of Warrants the shares of Common Stock, evidences of indebtedness, assets or other property, rights, options or warrants referred to in those paragraphs which each registered holder would have been
entitled to receive had the Warrants been exercised prior to the happening of such event or the record date with respect thereto and the Company will be required to make such issuance or distribution if the resulting adjustment would reduce the
Exercise Price below the then par value of the Common Stock. 
 (m) Whenever the Exercise Price is adjusted pursuant to paragraphs 6(a),
6(b), 6(c), 6(f) or 6(g) above, (A) the number of Warrant Shares purchasable upon exercise of any Warrant shall be adjusted by multiplying such number of Warrant Shares by a fraction the numerator of which is the Exercise Price immediately
prior to such adjustment and the denominator of which is the Exercise Price immediately after such adjustment and (B) the Company shall promptly mail to registered holders of Warrants, first class, postage prepaid, a notice of the adjustment
together with a certificate from the Company’s chief financial officer briefly stating the facts requiring the adjustment and the manner of computing it. The certificate shall be conclusive evidence that the adjustment is correct. 

(n) If: 
 (A) the Company
takes any action which would require an adjustment in the Exercise Price pursuant to this paragraph 6; 
 (B) the Company
consolidates or merges with, or transfers all or substantially all of its assets to, another corporation, and stockholders of the Company must approve the transaction; or 
 (C) there is a dissolution or liquidation of the Company; 
 the Company shall mail to registered holders of the Warrants, first class, postage prepaid, a notice stating the proposed record or effective date, as the case may be. The Company shall mail the notice at least 5 days
before such proposed record or effective date. However, failure to mail the notice or any defect in it shall not affect the validity of any transaction referred to in clause (A), (B) or (C) of this paragraph 6(n). 
  

 9 

 (o) In the case of any consolidation of the Company or the merger of the Company with or into any other
entity or the sale or transfer of all or substantially all the assets of the Company pursuant to which the Company’s Common Stock is converted into other securities, cash or assets or other property, upon consummation of such transaction, each
Warrant shall automatically thereafter become exercisable for the kind and amount of securities, cash or other assets or other property receivable upon the consolidation, merger, sale or transfer by a holder of the number of shares of Common Stock
into which such Warrant might have been converted immediately prior to such consolidation, merger, transfer or sale (assuming such holder of Common Stock failed to exercise any rights of election and received per share the kind and amount of
consideration receivable per share by a plurality of non-electing shares). Appropriate adjustment (as determined by the Board) shall be made in the application of the provisions herein set forth with respect to the rights and interests thereafter of
the holders of Warrants, to the end that the provisions set forth herein (including provisions with respect to changes in and other adjustment of the Exercise Price and the number of shares of Common Stock issuable upon the exercise of the Warrants)
shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares of stock or other securities or assets or property thereafter deliverable upon the exercise of Warrants. If this paragraph 6(o) applies to any transaction,
paragraphs 6(a), 6(c) and 6(e) do not apply to such transaction. 
 (p) In any case in which this paragraph 6 shall require that an
adjustment as a result of any event become effective from and after a record date, the Company may elect to defer until after the occurrence of such event the issuance to the holder of any Warrants exercised after such record date and before the
occurrence of such event of the additional shares of Common Stock issuable upon such conversion over and above the shares issuable on the basis of the Exercise Price and number of Warrant Shares in effect immediately prior to adjustment;
provided, however, that if such event shall not have occurred and authorization of such event shall be rescinded by the Company, the Exercise Price and number of Warrant Shares shall be recomputed immediately upon such recission to the
price that would have been in effect had such event not been authorized, provided that such recission is permitted by and effective under applicable laws. 
 (q) If any event occurs as to which the foregoing provisions of this paragraph 6 are not strictly applicable or, if strictly applicable, would not, in the good faith judgment of the Board, fairly and adequately
protect the purchase rights of the Warrants in accordance with the essential intent and principles of such provisions, then the Board shall make such adjustments in the application of such provisions, in accordance with such essential intent and
principles, as shall be reasonably necessary, in the good faith opinion of the Board, to protect such purchase rights as aforesaid. 
 7.
Exchange and Replacement of Warrant Certificates. Each Warrant Certificate is exchangeable without expense, upon the surrender thereof by the registered holder 

  

 10 

 
thereof at the principal executive office of the Company, for a new Warrant Certificate of like tenor and date representing in the aggregate the right to
purchase the same number of Warrant Shares in such denominations as shall be designated by the registered holder thereof at the time of such surrender. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft,
destruction or mutilation of any Warrant Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and reimbursement to the Company of all reasonable expenses incidental thereto, and upon
surrender and cancellation of such Warrant Certificate, if mutilated, the Company will make and deliver a new Warrant Certificate of like tenor, in lieu thereof. 
 8. Payment of Taxes. The Company will pay all documentary stamp taxes attributable to the initial issuance of the Warrants and of the Warrant Shares upon the exercise of Warrants; provided,
however, that the Company shall not be required to pay any tax or taxes which may be payable in respect of any transfer involved in the issuance of any Warrant Certificates or any certificates for Warrant Shares in a name other than that of
the registered holder of such Warrant Certificate, and the Company shall not be required to issue or deliver such Warrant Certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Company the amount of
such tax or shall have established to the reasonable satisfaction of the Company that such tax has been paid. 
 9. Statement on
Warrants. Irrespective of any adjustment in the number or kind of shares issuable upon the exercise of the Warrants or the Exercise Price, Warrant Certificates theretofore or thereafter issued may continue to express the same number and kind of
shares and the same Exercise Price as are stated in the Warrant Certificates initially issuable pursuant to this Agreement. 
 10.
Notices. All notices, requests, consents and other communications hereunder shall be in writing and shall be deemed to have been duly made when delivered by hand or sent by facsimile transmission (with receipt confirmed), or, if timely
delivered to an air courier guaranteeing overnight delivery service, on the next business day, or five business days after being deposited in the mail, first class, certified or registered, postage prepaid, return receipt requested, in each case
addressed as follows (or to such other place or places as either of the parties shall designate by written notice to the other): 
  

	 	(i)	if to a registered holder, to the address set forth on the Warrant Register maintained by the Company; and 

  

	 	(ii)	if to the Company, to: 

 Freescale Holdings (Bermuda) I,
Ltd. 
 Clarendon House 
 2 Church
Street 
 Hamilton HM 11, Bermuda 
 Facsimile: 
 Attention: 
  

 11 

 in the case of (i) or (ii) with copies to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, NY 10036 
 Facsimile: (212) 735-2000 
 Attention: Peter Atkins 
                  Mark Smith 
                  Allison Schneirov 
 11. Amendment. The Company with the consent of the registered holders of the unexercised Warrants evidencing at least a majority of the Warrant
Shares underlying the unexercised Warrants may amend or supplement this Agreement or waive compliance by the Company in a particular instance with any provision of this Agreement; provided that without the consent of each registered holder
affected, no such amendment shall (with respect to Warrants held by a non-consenting registered holder) increase the Exercise Price or decrease the number of Warrant Shares issuable upon exercise of any Warrant. 
 12. Successors. Except as otherwise provided herein, all the covenants and provisions of this Agreement by or for the benefit of the Company and
the registered holders of the Warrants shall inure to the benefit of their respective successors and assigns hereunder. 
 13. Governing
Law. This Agreement and each Warrant Certificate issued hereunder shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be construed in accordance with the laws of such State (without regard to
the conflicts of law principles thereof). 
 14. Benefits of This Agreement. Nothing in this Agreement shall be construed to give to
any person other than the Company and the registered holders of the unexercised Warrant Certificates any legal or equitable right, remedy or claim under this Agreement, and this Agreement shall be for the sole and exclusive benefit of the Company
and such registered holders. Prior to the exercise of the Warrants, no holder of a Warrant Certificate, as such, shall be entitled to any rights of a stockholder of the Company, including, without limitation, the right to receive dividends or
subscription rights, the right to vote, to consent, to exercise any preemptive right, to receive any notice of meetings of stockholders for the election of directors of the Company or any other matter or to receive any notice of any proceedings of
the Company, except as may be specifically provided for herein. The holders of the Warrants are not entitled to share in the assets of the Company in the event of the liquidation, dissolution or winding up of the Company’s affairs. 

 

 12 

 15. Counterparts. This Agreement may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and such counterparts shall together constitute one and the same instrument. 
 16. Headings. The headings in this Agreement are intended solely for convenience of reference and shall be given no effect in the construction or interpretation of this Agreement. 
 17. Remedies. The Company and the holder hereof each stipulates that the remedies at law of each party hereto in the event of any default or
threatened default by the other party in the performance or compliance with any of the terms of this Warrant are not and will not be adequate and that, to the fullest extent permitted by law, such terms may be specifically enforced by a decree for
the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof or otherwise. 
 18. Severability. The provisions of this Agreement are severable, and if any clause or provision shall be held invalid, illegal or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall
affect in that jurisdiction only such clause or provision, or part thereof, and shall not in any manner affect such clause or provision in any other jurisdiction or any other clause or provision of this Agreement in any jurisdiction. 
 [Signature Page Follows] 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Warrant Agreement to be duly executed as of the
day and year first above written. 
  

			
	FREESCALE HOLDINGS (BERMUDA) I, LTD.
		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV 

	Title:	 	 President

	
	FREESCALE HOLDINGS L.P.
	
	 By: Freescale Holdings GP, Ltd., as its General
 Partner

		
	By:	 	/s/ Paul C. Schorr IV
	Name:	 	 Paul C. Schorr IV 

	Title:	 	 President

  

 14 

 EXHIBIT A 
 [FORM OF WARRANT CERTIFICATE] 
 NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF MAY NOT BE TRANSFERRED, SOLD, ASSIGNED, EXCHANGED, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF OR
ENCUMBERED WITHOUT COMPLIANCE WITH THE PROVISIONS OF, AND ARE OTHERWISE RESTRICTED BY THE PROVISIONS OF, THE SECURITIES ACT OF 1933, AS AMENDED, THE RULES AND REGULATIONS THEREUNDER AND THIS WARRANT. A COPY OF THE FORM OF SAID WARRANT AGREEMENT IS
ON FILE WITH THE SECRETARY OF VANGUARD HEALTH SYSTEMS, INC. 
 THE TRANSFER OF THE WARRANTS REPRESENTED BY THIS CERTIFICATE IS RESTRICTED IN ACCORDANCE WITH
THE WARRANT AGREEMENT REFERRED TO HEREIN. 
 No. WB- 
 WARRANT CERTIFICATE 
 This Warrant Certificate certifies that, for value received,
                     having an address at
                     (“Holder”), is the registered holder of Class B warrants (the “Warrants”) to purchase, at any time
and from time to time after the date hereof, up to [                    ] fully-paid and non-assessable shares (subject to adjustment in
certain events) of Common Stock, U.S.$0.01 par value (“Common Stock”), of FREESCALE HOLDINGS (BERMUDA) I, LTD., a Bermuda exempted company limited by shares (the “Company”), at the exercise price per share of U.S.$14.00, subject
to adjustment in certain events (the “Exercise Price”), upon surrender of this Warrant Certificate, together with the attached Form of Election to Purchase duly executed, and payment of the Exercise Price at the principal office of the
Company, but subject to the terms and conditions set forth herein and in the Warrant Agreement dated as of [                    ], 2006
between the Company and the Initial Holder (the “Warrant Agreement”). Payment of the Exercise Price shall be made, at the option of the Holder (i) in cash, (ii) by wire transfer payable to the order of the Company, or
(iii) on a net basis, such that without the exchange of any funds, the Holder receives that number of Warrant Shares that would otherwise be issuable upon a cash exercise of this Warrant less that number of Warrant Shares having a current
market price (as defined in paragraph 3(b) of the Warrant Agreement) 

  

 A-1 

 
equal to the aggregate Exercise Price that would otherwise have been paid by such holder for the number of Warrant Shares with respect to which this Warrant
is being exercised. 
 This Warrant may be exercised at such times and in such amounts as are provided for in the Warrant Agreement.

 The Warrants evidenced by this Warrant Certificate are issued pursuant to the Warrant Agreement, which Warrant Agreement is hereby
incorporated by reference in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Company and the holders (the words
“holders” or “holder” meaning the registered holders or registered holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder(s) hereof upon written request directed to the Company. 
 The Warrant Agreement provides that upon the occurrence of certain events, the Exercise Price and the type and/or number of the Company’s securities
issuable upon exercise of the Warrants may, subject to certain conditions, be adjusted. 
 Upon due presentment for registration of transfer
of this Warrant Certificate at the principal office of the Company, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this
Warrant Certificate, subject to the limitations provided herein and in the Warrant Agreement, without any charge except for any tax or other governmental charge imposed in connection therewith which is not payable by the Company pursuant to
paragraph 8 of the Warrant Agreement. 
 Upon the exercise of less than all of the Warrants evidenced by this Certificate, the Company shall
forthwith issue to the holder hereof a new Warrant Certificate representing such numbered of unexercised Warrants. 
 The Company may deem
and treat the registered holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof and of any distribution to the
holder(s) hereof and for all other purposes, and the Company shall not be affected by any notice to the contrary. 
 All terms used in this
Warrant Certificate which are not defined herein and are defined in the Warrant Agreement shall have the meanings assigned to them in the Warrant Agreement. 
  

 A-2 

 IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be duly executed under its
corporate seal. 
 Dated: [                    ],
2006 
  

			
	FREESCALE HOLDINGS (BERMUDA) I, LTD.
		
	By:	 	  
		 	Name:
		 	Title:

  

 A-3 

 [FORM OF ASSIGNMENT] 
 (To be executed by the registered holder if such holder 
 desires to transfer the Warrant Certificate.)

 FOR VALUE RECEIVED,
                     hereby sells, assigns and transfers
unto                    , whose address is
                    , this Warrant Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute
and appoint                     , Attorney to transfer the within Warrant Certificate on the books of the within-named Company, with full
power of substitution. 
  

									
					
	Dated:	 		 		 	Signature:	 	  
				
		 		 		 	(Signature must conform in all respects to name of holder as specified on the face of the Warrant Certificate.)
				
		 		 		 	  
		 		 		 	(Insert Social Security or Other Identifying Number of Holder)

 [FORM OF ELECTION TO PURCHASE] 
 The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to purchase
                     shares of Common Stock and herewith: (choose one by marking “X” in the space provided) 
                      tenders payment for such
shares, to the order of FREESCALE HOLDINGS (BERMUDA) I, LTD., in the amount of $                     in accordance with the terms of the
Warrant Agreement. 
                      requests that such exercise be on a net basis in accordance with the terms of the Warrant Agreement. 

The undersigned requests that a certificate for such shares of Common Stock be registered in the name of
                                        
                    , whose address is
                                        
                     and that such certificate be delivered to
                                        
                     whose address is
                                        
                    . 
  

									
	Dated:	 		 	Signature:	 	  
				
		 		 		 	(Signature must conform in all respects to name of holder as specified on the face of the Warrant Certificate.)
				
		 		 		 	  
		 		 		 	(Insert Social Security or Other Identifying Number of Holder)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00118-of-00352.parquet"}]]