Document:

Registration Rights Agreement

 Exhibit 4.3 
 EXECUTION COPY 
 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT is made and entered into as of May 28, 2010 (this “Agreement”) by and among
Evercore Partners Inc., a Delaware corporation ( the “Company”), Martin T. Sosnoff, Craig B. Steinberg, Kevin S. Kelly, Jack McMullan and Robert F. Ruland (each an “Investor” and collectively, the
“Investors”). 
 WHEREAS, pursuant to the Purchase and Sale Agreement, dated as of March 4, 2010 (the
“Purchase Agreement”), by and among the Company, Atalanta Sosnoff Capital, LLC, a New York limited liability company (“ASC”), ASC Representative, LLC, in its capacity as the representative, the sellers listed on
Schedule I of the Purchase Agreement and Martin T. Sosnoff, the Company agreed to make, subject to the terms and conditions set forth in Section 2.4 of the Purchase Agreement, a Contingent Payment (as defined herein) to the Investors
payable in part through the issuance of a number of shares of Common Stock (as defined herein) to be determined in accordance with the terms thereof; and 
 WHEREAS, the Company wishes to grant certain registration rights with respect to the Registrable Securities (as defined herein) of the Company held by the Investors, if any, as determined in accordance
with Section 2.4 of the Purchase Agreement, as provided further herein and therein. 
 NOW THEREFORE, in consideration of
the promises herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Definitions. As used in this Agreement: 

(i) “Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder;

 (ii) “Affiliate” of any specified Person means any other Person directly, or indirectly
through one or more intermediaries, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms
“controlling,” “controlled by” and “under common control with”), as used with respect to any Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of such Person whether through the ownership of voting securities or by agreement or otherwise; 
 (iii)
“Agreement” has the meaning set forth in the recitals to this Agreement. 
 (iv)
“Business Day” means any day other than a Saturday, a Sunday or other day on which commercial banks in New York, New York are authorized or required by law to close. 

 (v) “Claims” has the meaning set forth in Section 8(a)
of this Agreement. 
 (vi) “Commission” means the Securities and Exchange Commission or any
other federal agency at the time administering the Act; “Common Stock” means the Company’s common stock as authorized pursuant to the Company’s certificate of incorporation, as may be amended or restated from time to time;

 (vii) “Company” has the meaning set forth in the preamble to this Agreement and shall include
any successor thereof; 
 (viii) “Contingent Payment” has the meaning set forth in
Section 2.4(a) of the Purchase Agreement. 
 (ix) “End Suspension Notice” has the meaning
set forth in Section 3(c) of this Agreement. 
 (x) “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder; 
 (xi) “FINRA”
means the Financial Industry Regulatory Authority; 
 (xii) “Holdback Period” has the meaning
set forth in Section 7(a); 
 (xiii) “Holder” means each Investor and any transferee
thereof to whom the registration rights conferred by this Agreement have been transferred in compliance with Section 11; 
 (xiv) “Indemnified Party” has the meaning set forth in Section 8(c) of this Agreement; 
 (xv) “Investors” has the meaning set forth in the preamble to this Agreement; 
 (xvi) “Maximum Offering Size” has the meaning set forth in Section 2(d); 
 (xvii) “NASD” means the National Association of Securities Dealers; 
 (xviii) “Person” means an individual, corporation, limited liability company, trust, partnership, joint venture, association, unincorporated organization or other entity or organization;

 (xix) “Purchase Agreement” has the meaning set forth in the recitals to this Agreement.

  
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 (xx) “Register,” “Registered” and
“Registration” mean a registration effected by preparing and filing a registration statement of the Company in compliance with the Act, and any related prospectus (and all amendments, supplements and exhibits thereto and all
material incorporated by reference therein filed or required to be filed) and the declaration or ordering of effectiveness of such registration statement; 
 (xxi) “Registrable Securities” means (A) all shares of Common Stock issued to an Investor in payment of the Contingent Payment and held directly or indirectly by a Holder and
(B) any securities of the Company issued in respect of such shares of Common Stock, including without limitation, by reason of or in connection with any stock dividend, stock distribution, stock split, spin-off or in connection with any
exchange for or replacement of such shares or any combination of shares, recapitalization, merger or consolidation or other reorganization, or any other equity securities issued pursuant to any other pro rata distribution with respect to the Common
Stock. As to any particular Registrable Securities, once issued such securities shall cease to be Registrable Securities when (x) they are sold pursuant to an effective registration statement under the Act, or (y) the entire amount of
Registrable Securities held by such Holder thereof may be sold without limitation under Rule 144 (or any successor rule or regulation then in effect); 
 (xxii) “Registration Expenses” means all expenses incident to the Company’s performance of or compliance with this Agreement, including, without limitation, (A) all
registration, listing, qualification and filing fees (including FINRA filing fees), (B) reasonable fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one firm of counsel for the Holders (selected by a
majority of the Holders) in an amount not to exceed $10,000 in the aggregate, (C) accounting fees, including the expenses of any special audits or “comfort” letters required by or incident to such performance or compliance,
(D) all fees and expenses required by or incident to complying with state securities and blue sky laws (including counsel fees in connection with the preparation of a blue sky memorandum and legal investment survey and FINRA filings),
(E) all preparation, printing, distributing, mailing and delivery expenses for any registration statement, prospectus, transmittal letters, securities certificates and other documents relating to the performance of and compliance with this
Agreement, (F) all internal expenses of the Company (including all salaries and expenses of officers and employees performing legal or accounting duties) and (G) transfer agents’ and registrars’ fees and expenses; 

(xxiii) “Rule 144” means Rule 144 (or any successor provision) under the Act; 

(xxiv) “Seller Indemnified Parties” has the meaning set forth in Section 8(a) of this Agreement.

 (xxv) “Shelf Registration Statement” has the meaning set forth in Section 3(a) of this
Agreement; 
 (xxvi) “Suspension Event” has the meaning set forth in Section 2(a) of this
Agreement of this Agreement; and 

  
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 (xxvii) “Suspension Notice” has the meaning set forth in
Section 2(a) of this Agreement. 
 2. Company Registration. 

(a) Right to Register. Whenever the Company proposes to Register any of its Common Stock under the Act, for its own
account (other than (i) a Registration relating solely to employee benefit plans, (ii) a Registration relating to a corporate reorganization or other transaction covered by Rule 145 under the Act or the registration of Common Stock as
consideration for the acquisition by the Company of another Person or (iii) a rights offering) the Company will: (A) give prompt written notice thereof to each Holder, which notice shall specify the number of securities proposed to be
Registered, the proposed date of filing of such registration statement with the Commission, the proposed means of distribution, the proposed managing underwriter or underwriters (if any and if known), and a good faith estimate by the Company of the
proposed minimum offering price of such securities, and (B) subject to the provisions of this Section 2, file a registration statement or amendment covering all of the Registrable Securities that any Holder has requested within ten
(10) Business Days after receipt of such notice from the Company to be Registered (which request shall specify the number of Registrable Securities to be disposed of by such Holder), and use commercially reasonable efforts to cause such
registration statement to be declared effective under the Act. A Holder’s right to include its Registrable Securities in a Registration under this Section 2(a) will be conditioned upon the timely provision by such Holder of such
information as the Company may reasonably request relating to the disclosure requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration). 

(b) Right to Terminate Registration. The Company will have the right to terminate, withdraw or delay any
Registration initiated by it under this Section 2 prior to the effectiveness of such Registration whether or not any Holder has elected to include Registrable Securities in such Registration. The Company will give prompt written notice of such
determination to each Holder that has elected to include Registrable Securities in such Registration and, in the case of a determination to terminate or withdraw the registration statement, the Company will be relieved of its obligation to Register
any Registrable Securities in connection with such registration statement, and in the case of a determination to delay effectiveness, the Company will be permitted to delay effectiveness for any period. The Registration Expenses of such terminated,
withdrawn or delayed Registration will be borne by the Company. In addition, for the avoidance of doubt, the Company will have the right to suspend any Registration initiated under this Section 2, including the right to direct selling Holders
to suspend sales of any Registrable Securities pursuant to such Registration, for such periods as the Company may determine. 
 (c) Priority on Registrations. Each Holder acknowledges and agrees that, in the case of an underwritten offering, its rights under this Section 2 will be subject to cutback provisions imposed
by a managing underwriter under Section 2(d), if any. If, as a result of the cutback provisions of the preceding sentence, a Holder is not entitled to include all of its requested Registrable Securities in such Registration, then such Holder
may elect to withdraw its request to include any or all of its Registrable Securities in such Registration. In the event of any 

  
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such withdrawal, the Company shall not include such Registrable Securities in the applicable registration and such Registrable Securities shall continue to be Registrable Securities hereunder.

 (d) Underwritten Offerings. In the event of an underwritten offering pursuant to this Section 2,
the Company and each Holder will make such arrangements with the underwriters so that such Holder may participate in the offering on the same terms as the Company and any other party selling securities in such offering. The Company will not be
required under this Section 2 to include any of a Holder’s Registrable Securities in such underwriting unless such Holder accepts the terms of the underwriting as agreed upon between the Company and the underwriter or underwriters selected
by it (or by other persons entitled to select the underwriter or underwriters) and enters into an underwriting agreement in customary form with an underwriter or underwriters selected by the Company, and then only in such quantity as the managing
underwriters determine would not reasonably be expected to jeopardize the success of the offering by the Company (the “Maximum Offering Size”). No selling Holder may participate in any underwritten offering pursuant to this
Section 2 unless such selling Holder completes and executes all questionnaires, powers of attorney, indemnities and other documents reasonably required under the terms of or in connection with such underwriting agreement. Notwithstanding any
other provision of this Agreement, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares (including
Registrable Securities) from the Registration and the underwriting , and the number of shares that may be included in such Registration and the underwriting will be allocated pro rata among the Company and each of the Holders requesting inclusion of
their Registrable Securities in such registration statement based upon the Registrable Securities held by such Holder up to the Maximum Offering Size. 
 3. Shelf Registration. 
 (a) Shelf Registration.
Subject to Section 4, in the event that the Company receives written notice on or prior to November 15, 2010 setting forth the reasonable, good faith determination of the Management Members (as defined in the Second Amended and Restated
Operating Agreement of ASC or any successor amendments thereto) that a Contingent Payment is reasonably projected to become due and payable, the Company shall, as promptly as practicable, but in no event later than December 15, 2010, file a
“shelf” registration statement (the “Shelf Registration Statement”) with the Commission on an appropriate form providing for the Registration and sale on a delayed or continuous basis pursuant to Rule 415 (or any similar
provision that may be adopted by the Commission) under the Act by the Holders of the Registrable Securities from time to time in the manner described in the Shelf Registration Statement. The Company shall use commercially reasonable efforts to cause
the Shelf Registration Statement to be declared effective under the Act as promptly as reasonably practicable following the filing thereof with the Commission, and to keep the Shelf Registration Statement continuously effective until the earlier of
(x) the later to occur of six (6) months from (i) the effective date of such Shelf Registration Statement and (ii) the date on which the Holders received the Registrable Securities and (y) the date that all Registrable
Securities have been sold pursuant to the Shelf Registration Statement. The Shelf Registration Statement filed pursuant to this Section 3(a) may include other securities of the Company with respect to which registration rights have been or may
be granted, and may include securities being sold for the account of the 

  
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Company. The Company in its sole discretion may condition the inclusion of Registrable Securities in a Registration under this Section 3(a) upon the timely provision by such Holder of such
information as the Company may reasonably request relating to the disclosure requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration) 

(b) No Registrations if Effective Shelf. Notwithstanding anything else to the contrary in this Agreement, if
(i) the Company shall have filed a Shelf Registration Statement covering such Registrable Securities and (ii) the Shelf Registration Statement is effective when the requesting Holders would otherwise make a request for registration under
Section 2(a), the Company shall not be required to separately register any Registrable Securities, provided, however, that if the Holders have included Registrable Securities in the Shelf Registration Statement, the Company shall keep the Shelf
Registration Statement continuously effective until the earlier of (x) the later to occur of six (6) months from (i) the effective date of such Shelf Registration Statement and (i) the date on which the Holders received the
Registrable Securities and (y) the date that all Registrable Securities have been sold pursuant to the Shelf Registration Statement. 
 (c) Suspension or Delay. 
 (i) Notwithstanding anything
herein to the contrary in this Agreement, the Company may (x) delay filing any registration statement pursuant to Section 3(a) or any amendment thereto, and may withhold efforts to cause such Shelf Registration Statement or amendment
thereto to become effective or (y) as applicable, by written notice to a selling Holder, may direct such selling Holder to suspend sales of the Registrable Securities pursuant to such Shelf Registration Statement, in each case as set forth
below if any of the following events shall occur: (A) the Company determines that such action is required by applicable law; (B) the Company determines that the filing or use of such Shelf Registration Statement or amendment thereto would
require the Company to disclose material information, including, without limitation, the fact that the Company is engaged in confidential negotiations regarding, or is in the process of completing, any significant business transaction, the
disclosure of which would not be required in the absence of such Shelf Registration Statement; (C) the Company has commenced, or has a bona fide intention to commence, a public or Rule 144A securities offering transaction; (D) such
Registration, of the Registrable Securities would, in the judgment of the Company, impede, delay or otherwise interfere with any pending or contemplated material acquisition, reorganization or similar material transaction; or (E) the Holders of
a majority of the Registrable Securities covered or to be covered by such Shelf Registration Statement consent in writing to such delay or suspension, provided, however, that other than with respect to (E) above, the Company may
not delay, withhold or suspend a registration statement for such reasons for more than ninety (90) days in the aggregate during any period of twelve (12) consecutive months. 

(ii) In the case of an event specified in Section 3(c)(i) that causes the Company to delay, withhold or suspend the
use of a Shelf Registration Statement (a “Suspension Event”), the Company shall give written notice (a “Suspension Notice”) to the selling Holders to delay, withhold or suspend sales of the Registrable Securities
and such notice shall state the basis for the notice (without disclosing any material non-public information). The 

  
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selling Holders shall not effect any sales of the Registrable Securities pursuant to such Shelf Registration Statement (or such filings) at any time after receiving a Suspension Notice from the
Company and prior to receipt of an End of Suspension Notice (as defined below). The selling Holders may recommence effecting sales of the Registrable Securities pursuant to the Shelf Registration Statement (or such filings) following further notice
to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company to the selling Holders in the manner described above promptly following the conclusion of any Suspension
Event and its effect. 
 (iii) Notwithstanding any provision herein to the contrary, if the Company shall give a
Suspension Notice pursuant to this Section 3(c) with respect to any Shelf Registration Statement, the Company agrees that it shall extend the period of time during which such Shelf Registration Statement shall be maintained effective pursuant
to this Agreement by the number of days during the period from the date of the giving of a Suspension Notice to and including the date when selling Holders shall have received an End of Suspension Notice and copies of the supplemented or amended
prospectus necessary to resume sales, with respect to each Suspension Event; provided, however, that such period of time shall not be extended beyond the date that Registrable Securities covered by such Shelf Registration Statement
cease to be Registrable Securities. 
 4. Effect of Contingent Payment. Notwithstanding anything in this Agreement to the
contrary, in the event that the Contingent Payment as finally determined does not result in the Investors receiving any Registrable Securities, this Agreement shall automatically terminate and be of no further force or effect and the Company shall
be relieved of all its obligations (including without limitation its obligations to effect the Registrations provided for in Sections 2 and 3) under this Agreement. 
 5. Registration Procedures. If the Company is required to effect the Registration of any Registrable Securities under the Act as provided in Section 2 and Section 3 hereof, the Company
will 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 Company will cooperate in the sale of the securities and will in
accordance with the timing requirements of this Agreement, but subject to Section 2(b), Section 3(c)(iii) and Section 4: 
 (a) Prepare and file with the Commission a registration statement on such form which will be available for the sale of the Registrable Securities by the Company or the selling Holders in accordance with
the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause such registration statement to become effective and to remain effective as provided herein; except 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 Company will furnish or otherwise make available to the Holders who are
including Registrable Securities in such registration statement, copies of all disclosures relating to such Holders as required by Item 507 of Regulation S-K (or any similar successor requirement), which documents will be subject to the
reasonable review and comment of such counsel, and, if requested by such counsel, provide such counsel reasonable opportunity to conduct a reasonable investigation within the meaning of 

  
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the Act, including reasonable access to the Company’s books and records, officers, accountants and other advisors; provided, that the Company may condition any such investigation upon
the execution and delivery by each Holder receiving such disclosure of an agreement satisfactory to the Company relating to such Holder’s obligation to refrain from disclosing same. The Company will not include any information relating to a
Holder in 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 Registration
pursuant to Section 2 or Section 3 to which the Holder (if such registration statement includes Registrable Securities of the Holder) reasonably objects, in writing, on a timely basis, unless, in the opinion of the Company, the inclusion
of such information is necessary to comply with applicable law. 
 (b) Prepare and file with the Commission such
amendments and post-effective amendments to such 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
Act with respect to the disposition of all securities covered by such registration statement; and cause the related prospectus to be supplemented by any prospectus supplement as may be necessary to comply with the provisions of the 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 Act. Notwithstanding the foregoing, the Company shall be
entitled at all reasonable times to suspend a registration statement that includes Registrable Securities during the pendency of any amendments required by this Section 5(b). Such suspension or suspensions shall be effective upon the
transmittal of notice to an affected Holder in compliance with, and using the most expeditious practical means of communication permitted by, Section 10 below. 

(c) Notify each selling Holder and the managing underwriters, if any, promptly (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 Commission 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 Commission of any stop order suspending the effectiveness of a registration
statement or the initiation of any proceedings for that purpose, (iv) of the receipt by the Company 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 (v) promptly upon the Company becoming aware 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. 

  
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 (d) To the extent any “free writing prospectus” (as defined in
Rule 405 under the Act) is used, the Company shall file with the Commission any free writing prospectus that is required to be filed by the Company with the Commission in accordance with the Act and retain any free writing prospectus not required to
be filed. 
 (e) Use commercially reasonable efforts to avoid the issuance of any order suspending the
effectiveness of a registration statement or any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, or, if issued, to obtain the withdrawal or lifting of any such
order or suspension as promptly as practicable. 
 (f) 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, or 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
Company has received such request, including without limitation, with respect to any hedging activity associated with the Registrable Securities; except that the Company will not be required to take any actions under this Section 5(f)
that the Company reasonably determines are not in compliance with applicable law. 
 (g) Furnish or make
available to each selling Holder, 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 or counsel). To the extent electronic prospectus
delivery is permitted under the Act, any delivery of conformed prospectuses, registration statements, and supplements and amendments thereto, required by any paragraph of this Section 5, may be delivered by electronic means so long as the form
of delivery can reasonably be expected to permit such Holder or Holders, and such underwriter or underwriters, if any, to satisfy their respective prospectus delivery obligations arising under the Act or otherwise. The Company’s electronic
delivery pursuant to the preceding sentence is conditioned upon an undertaking by the Company to deliver, to the extent required under the Act, paper copies of all such documents upon request by a Person acquiring or proposing to acquire such
securities. 
 (h) Deliver to each selling Holder, 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 Company, subject to the
last paragraph of this Section 5, hereby consents to the use of such prospectus and each amendment or supplement thereto by each of the selling Holders 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. 

  
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 (i) Prior to any public offering of Registrable Securities, use commercially
reasonable efforts to Register or qualify or cooperate with the selling Holders, 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 selling Holder 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 selling Holders to consummate the
disposition of such Registrable Securities in such jurisdiction; except that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified, (ii) take any action that
would subject it to material taxation or general service of process in any such jurisdiction where it is not then so subject, or (iii) consent to general service of process in any such jurisdiction. 

(j) Cooperate with the selling Holders 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 relevant Holder that the Registrable Securities represented by the certificates so delivered by such
Holder will be transferred in accordance with the relevant registration statement and only upon satisfaction of any prospectus delivery requirement arising under the Act or otherwise, and enable such Registrable Securities to be in such
denominations and registered in such names as the managing underwriters, if any, or such Holder may request at least five (5) Business Days prior to any sale of Registrable Securities. 

(k) Use commercially reasonable efforts to cause the Registrable Securities covered by the registration statement to be
registered with or approved by such other 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 or Holders’ business, in which case the
Company 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 such Holder or Holders thereof or the underwriters, if any, to consummate the
disposition of such Registrable Securities. 
 (l) Upon the occurrence of any event contemplated by
Section 5(c)(ii), 5(c)(iii), 5(c)(iv) or 5(c)(v) 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. 

(m) Prior to the effective date of the registration statement relating to the Registrable Securities, provide a CUSIP
number for the Registrable Securities. 

  
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 (n) 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. 
 (o) Use commercially reasonable efforts to cause within thirty (30) days of the effective date of such registration statement, all shares of Registrable Securities covered by such registration
statement to be authorized to be listed on a national securities exchange or quotation system on which any shares of Registrable Securities are at that time, or will be immediately following the offering, listed or traded. 

(p) Make available for inspection by a representative of the selling Holders, any underwriter participating in any such
disposition of Registrable Securities, and any attorneys, accountants or other professionals retained by such selling Holders at the offices where normally kept, during reasonable business hours, all pertinent financial and other records, pertinent
corporate documents and properties of the Company and its subsidiaries, and cause the officers, directors and employees of the Company and its subsidiaries to supply all information in each case reasonably requested by any such representative,
underwriter, attorney, accountant or other professionals in connection with such registration statement. If so requested in writing by the Company, the Company’s obligation to disclose information pursuant to the preceding sentence is
conditioned upon the execution and delivery by each Person receiving such disclosure of an agreement satisfactory to the Company relating to such Person’s obligation to refrain from disclosing same. 

(q) Cooperate with each selling Holder and each underwriter or agent participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required to be made with FINRA. 
 The Company may
require each selling Holder to furnish to the Company in writing such information pursuant to Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration) required in connection with such Registration
regarding such Holder and the distribution of such Registrable Securities as the Company may, from time to time, reasonably request in writing and the Company may exclude from such Registration the Registrable Securities of any Holder who fails to
furnish such information within a reasonable time after receiving such request. 
 Each Holder agrees if such Holder has
Registrable Securities covered by such registration statement that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 5(c)(ii), 5(c)(iii), 5(c)(iv) or 5(c)(v) or 5(f) 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 5(l) hereof, or until it is advised in writing by the Company 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. 
 6. Registration Expenses. The Company will pay (i) all of the Registration
Expenses and (ii) all transfer taxes and brokerage and underwriters’ discounts and commissions 

  
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attributable to the securities being sold by the Company. Each Holder will pay all transfer taxes and brokerage and underwriters’ discounts and commissions attributable to the Registrable
Securities being sold by such Holder. 
 7. Holdback Agreement. 

(a) In the case of an underwritten offering of securities by the Company (which, for purposes of this Section 7 shall
not include the effectiveness of the Shelf Registration Statement) each Holder agrees that it shall not during the period beginning on, and ending ninety (90) days (subject to one extension of no more than seventeen (17) days if required
by the underwriters in connection with NASD Rule 2711(f)(4) or any similar or successor provision) (or such shorter period as may be permitted by such managing underwriter or such earlier date on which the Company or any Affiliate or executive
officer of the Company is permitted to sell shares of Common Stock) after, the effective date of the registration statement filed in connection with such registration statement (the “Holdback Period”), effect any public sale or
distribution of, directly or indirectly, any of the Registrable Securities or any securities convertible into or exercisable or exchangeable for Common Stock held immediately prior to the effectiveness of the registration statement for such
offering, including any sale pursuant to Rule 144 under the Act provided that all officers and directors of the Company enter into or are bound by substantially similar agreements. No Holder subject to this Section 7 (or any officer and/or
director of the Company bound by these restrictions as required by this Section 7) shall be released from any obligation under any agreement, arrangement or understanding entered into pursuant to or contemplated by this Section 7 unless
all Holders are also released (to a similar extent in the case of a partial release) from their obligations under this Section 7(a). In the event of any such release the Company shall notify the Holders of any such release within three
(3) Business Days after such release. If requested by the managing underwriter, each Holder shall enter, and shall use commercially reasonable efforts to ensure that each Affiliate of such Holder holding Registrable Securities enters, into a
lock-up agreement with the applicable underwriters that is consistent with the agreement in the preceding sentence. 
 (b) In order to enforce the foregoing covenant, the Company may impose stop transfer instructions with respect to the Registrable Securities of each Holder (and the shares or securities of every other
Person subject to the foregoing restriction) until the end of such period. 
 (c) For purposes of this
Section 7, the term Holder shall be deemed to apply to only Martin T. Sosnoff, Craig B. Steinberg and any respective Affiliate thereof to whom the registration rights conferred by this Agreement have been transferred in compliance with
Section 11. 
 8. Indemnification. 

(a) In the event of any registration of any securities of the Company pursuant to this Agreement, the Company shall, and
it hereby does, indemnify and hold harmless, to the extent permitted by law, any Holder who is selling Registrable Securities covered by any registration statement, each Person who controls such Holder (within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act) (hereinafter 

  
 12 

 
referred to as a “controlling person”) and their respective directors, officers, members or general and limited partners, (collectively, the “Seller Indemnified
Parties”), against any and all losses, claims, damages or liabilities, joint or several, actions or proceedings (whether commenced or threatened) in respect thereof (“Claims”) and expenses (including reasonable
attorney’s fees and reasonable expenses of investigation) to which such Seller Indemnified Party may become subject under the Act, law or otherwise, insofar as such Claims or expenses arise out of, relate to or are based upon (i) any
untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such securities were registered under the Act, any preliminary, final or summary prospectus contained therein, or any amendment or
supplement thereto, or (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under which they
were made) not misleading; provided that the Company shall not be liable to any Seller Indemnified Party in any such case to the extent that any such Claim or expense arises out of, relates to or is based upon any untrue statement or alleged
untrue statement or omission or alleged omission made in any registration statement or amendment or supplement thereto or in any such preliminary, final or summary prospectus in reliance upon and in conformity with written information furnished to
the Company by or behalf of such Holder. 
 (b) In the event of any registration of any securities of the Company
pursuant this Agreement, each Holder shall, and it hereby does, indemnify and hold harmless, to the extent permitted by applicable law, the Company, each controlling person of the Company, and their respective directors, officers, members or general
and limited partners and each underwriter and their controlling persons to the same extent as the foregoing indemnity from the Company to the Seller Indemnified Parties, but only with respect to Claims to which such indemnified party may become
subject under the Act, applicable law or otherwise, insofar as such Claims or expenses arise out of, relate to or are based upon any untrue statement or alleged untrue statement of any material fact contained, or any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under which they were made) not misleading, in any registration statement under which
such securities were registered under the Act, any preliminary, final or summary prospectus contained therein, or any amendment or supplement thereto to the extent such statement or omission is contained in any information relating to such Holder
furnished in writing by such Holder, provided, that the indemnification required by this Section 8(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or expense if settlement is effected without
the consent of the relevant Holder of Registrable Securities (which consent shall not be unreasonably withheld). In no event shall the liability of any selling Holder of Registrable Securities hereunder be greater in amount than the dollar amount of
the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation, and in no event shall a Holder be jointly liable with any other Holder as a result of its indemnification
obligations. 
 (c) Promptly after receipt by a Person entitled to indemnification pursuant to this
Section 8 (an “Indemnified Party”) hereunder of written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Section 8, such Indemnified
Party will, if a claim in respect thereof is to be made against an indemnifying party, give written notice to the latter of the commencement of such 

  
 13 

 
action or proceeding; provided, that the failure of the Indemnified Party to give notice as provided herein shall not relieve the indemnifying party of its obligations under this
Section 8, except to the extent that the indemnifying party is prejudiced by such failure to give notice. In case any such action or proceeding is brought against an Indemnified Party, unless the named parties to any such action include both
the indemnifying party and the Indemnified Party and such parties have been advised by outside counsel that either (x) representation of such Indemnified Party and the indemnifying party by the same counsel would be inappropriate under
applicable standards of professional conduct or (y) there may be one or more legal defenses available to the Indemnified Party which are different from or additional to those available to the indemnifying party (in which case the Indemnified
Party shall have the right to engage independent counsel to participate in such action or proceeding and the indemnifying party shall be liable for any reasonable expenses therefor (but in no event will bear the expenses for more than one firm of
counsel for all Indemnified Parties)), the indemnifying party will be entitled to assume the defense thereof (at its expense), and after notice from the indemnifying party to such Indemnified Party of its election so to assume the defense thereof,
the indemnifying party will not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof and shall have no liability for any settlement made by the Indemnified
Party without the consent of the indemnifying party (which consent shall not be unreasonably withheld). No indemnifying party will settle any action or proceeding or consent to the entry of any judgment without the prior written consent of the
Indemnified Party, unless such settlement or judgment includes as a term thereof the giving by the claimant or plaintiff of a release to such Indemnified Party from all liability in respect of such action or proceeding. An Indemnified Party may not
settle any action or proceeding or the entry of any judgment without the prior written consent of the indemnifying party (which consent shall not be unreasonably withheld). 

(d) (i) If the indemnification provided for in this Section 8 from the indemnifying party is unavailable to an
Indemnified Party hereunder in respect of any Claim or expenses referred to herein, then the 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 Claim or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and Indemnified Party in connection with the actions which resulted in such Claim or expenses, as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and Indemnified Party 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 made 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 such action. The amount paid or payable by a party under this Section 8(d) as a result of the Claim and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably
incurred by such party in connection with any action or proceeding; and (ii) 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 which does not take account of the equitable considerations referred to in Section 8(d)(i). No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent misrepresentation. 

  
 14 

 (e) The obligations of the parties under this Section 8 shall be in
addition to any liability which any party may otherwise have to any other party. 
 9. Rule 144 Reporting. With a view to
making available the benefits of certain rules and regulations of the Commission which may permit the sale of restricted securities to the public without Registration the Company agrees to: 

(a) keep public information available, as those terms are understood and defined in Rule 144, at all times; and

 (b) so long as any Holder owns any Registrable Securities, furnish to such Holder upon request, a written
statement by the Company as to its compliance with the reporting requirements of Rule 144, and of the Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the most recent annual or quarterly
report of the Company, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without Registration. The
Company shall take such further action as may be reasonably required from time to time and as may be within the reasonable control of the Company, to enable the Holders to transfer Registrable Securities without registration under the Act within the
limitation of the exemptions provided by Rule 144 or any similar rule or regulation hereafter adopted by the Commission. In connection with any sale, transfer or other disposition by a Holder of any Registrable Securities pursuant to Rule 144, the
Company shall cooperate with such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any Act legend, and enable certificates for such transferred securities to be
for such number of shares and registered in such names as the Holder may reasonably request at least two Business Days prior to any sale of Registrable Securities. 
 10. Notices. All communications provided for hereunder will be personally delivered or sent by registered or certified mail, nationally recognized overnight courier or facsimile and (a) if
addressed to a Holder, addressed to the Holder at the postal mail address or fax number set forth beside such Holder’s signature, or at such other postal address or fax number as such Holder will have furnished to the Company in writing or
(b) if addressed to the Company, to the postal address or fax number set forth beside the Company’s signature or at such other address or fax number, or to the attention of such other officer, as the Company will have furnished to Holder
in writing. All notices and other communications required or permitted under this Agreement will be in writing and will be deemed effectively given: (w) when personally delivered to the party to be notified; (x) when sent by confirmed
facsimile if sent during normal business hours of the recipient or, if not, then on the next business day, as long as a copy of the notice is also sent via nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt; (y) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (z) one business day after deposit with a nationally recognized overnight courier, specifying next
day delivery, with written verification of receipt. 
 11. Assignment. In connection with the transfer of any shares of
Common Stock constituting Registrable Securities to any Person done in accordance with applicable law, 

  
 15 

 
an Investor and any subsequent Holder may assign all or any portion of its rights hereunder to such Person and such Person will be entitled to the rights of a Holder granted hereunder,
provided that the Company is given written notice at the time of said transfer or assignment identifying the name and address of the transferee and that the transferee assumes in writing the obligations of a Holder under this Agreement.

 12. Descriptive Headings. The descriptive headings of the several sections and paragraphs of this Agreement are
inserted for reference only and will not limit or otherwise affect the meaning hereof. 
 13. Governing Law; Consent to
Jurisdiction; Venue. This agreement shall be governed by and construed in accordance with the laws of the state of New York without giving effect to its principles or rules of conflict of laws to the extent such principles or rules would
require or permit the application of the laws of another jurisdiction. Each of the parties hereto hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the courts of the State of New York and the United
States of America located in the county of New York for any action or proceeding arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to commence any action or proceeding relating thereto except
in such courts), and further agrees that service of any process, summons, notice or document by U.S. registered mail to its respective address set forth beside such party’s signature shall be effective service of process for any action or
proceeding brought against it in any such court. Each of the parties hereto hereby irrevocably and unconditionally waives any objection to the laying of venue of any action or proceeding arising out of this Agreement or the transactions contemplated
hereby in the courts of the state of New York. 
 14. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY
WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATE HEREBY. 
 15. No Inconsistent Agreements. The Company will not on or after the date of this Agreement enter into any agreement with respect to its securities that conflicts with the provisions hereof.

 16. Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term may be waived
(either generally or in a particular instance and either retroactively or prospectively) only upon the written consent of the Company and a majority of the Holders; except that no amendment may (i) disproportionately adversely affect any
Holder as compared to the other Holders or (ii) change any Holder’s obligations under Section 7, in each case without the consent of such Holder. The failure of any party to insist on or to enforce strict performance by the other
parties of any of the provisions of this Agreement or to exercise any right or remedy under this Agreement will not be construed as a waiver or relinquishment to any extent of that party’s right to assert or rely on any provisions, rights or
remedies in that or any other instance; rather, the provisions, rights and remedies will remain in full force and effect. 

  
 16 

 17. Early Receipt of Contingent Payment. Each Holder hereby acknowledges and agrees
that its receipt of any Registrable Securities prior to final determination of the Contingent Payment in accordance with Section 2.4(b) of the Purchase Agreement shall not alter or affect any obligations of the Company pursuant to this
Agreement, including the obligation to Register any Registrable Securities. 
 18. Entire Agreement. This agreement is
intended by the parties 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 the registration rights granted by the Company with respect to the
Registrable Securities. 
 19. Specific Performance. Without limiting the rights of each party hereto to pursue all other
legal and equitable rights available to such party for any other parties’ failure to perform their obligations under this Agreement, the parties hereto acknowledge and agree that the remedy at law for any failure to perform their obligations
hereunder would be inadequate and that each of them, respectively, to the extent permitted by applicable law, shall be entitled to specific performance, injunctive relief or other equitable remedies in the event of any such failure, without bond or
other security being required. 
 20. Severability. In the event that any one or more of the provisions contained herein,
or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the parties shall negotiate in good faith with a view to the substitution therefor of a suitable and equitable solution in
order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid provision, provided, however, that the validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges of the parties hereto shall be enforceable to the fullest extent permitted by law. 

21. Counterparts. This agreement may be executed simultaneously in any number of counterparts, each of which will be deemed an
original, but all such counterparts will together constitute one and the same instrument. 

  
 17 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered as
of the date first above written. 
  

			
	
	COMPANY:
	
	EVERCORE PARTNERS INC.
		
	By:	 	/s/ Robert B. Walsh
		 	Name: Robert B. Walsh
		 	Title:    Chief Financial Officer

  

	
	
	INVESTORS:
	
	MARTIN T. SOSNOFF
	
	/s/ Martin T. Sosnoff
	
	CRAIG B. STEINBERG
	
	/s/ Craig B. Steinberg
	
	KEVIN S. KELLY
	
	/s/ Kevin S. Kelly
	
	JACK MCMULLAN
	
	/s/ Jack McMullan
	
	ROBERT F. RULAND
	
	/s/ Robert F. RulandWarrant to Purchase Common Stock of Lighting Science Group Corporation

 Exhibit 4.1 
 THE SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES
REPRESENTED BY THIS WARRANT HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL, REASONABLY SATISFACTORY TO
THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OR APPLICABLE STATE SECURITIES LAWS UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT. THE SECURITIES REPRESENTED BY THIS WARRANT ARE SUBJECT TO THE TERMS AND CONDITIONS
OF, AND MAY ONLY BE TRANSFERRED IN ACCORDANCE WITH, THE TERMS OF THIS WARRANT. 
 LIGHTING SCIENCE GROUP CORPORATION

 WARRANT TO PURCHASE COMMON STOCK 

			
	Warrant No.: THD1	 	Number of Shares: 5,000,000
	Issuance Date: January 13, 2011	 	

 THIS CERTIFIES THAT, for value received, The Home Depot, Inc. or its Affiliates and successors
(the “Holder”) is entitled to purchase from Lighting Science Group Corporation, a Delaware corporation (the “Company”), at any time and from time to time during the applicable Warrant Exercise Period (defined below)
at the Exercise Price (defined below) up to five million (5,000,000) fully paid nonassessable shares of Common Stock (defined below) (the “Warrant Shares”), all subject to adjustment and upon the terms and conditions provided
herein. This Warrant is being issued to the Holder in connection with the Strategic Purchasing Agreement (the “Agreement”), dated July 27, 2010, by and between the Holder and the Company. 

Section 1. Definitions. 
 The following terms as used in this Warrant have the following meanings: 
 (a)
“Acquiring Entity” has the meaning attributed to it in Section 8(a). 
 (b) “Adjustment
Price” means, as of the applicable date of determination, the lower of (i) the Exercise Price then in effect or (ii) the then current Fair Market Value per share of Common Stock. 

(c) “Affiliate” of, or a Person “Affiliated” with, a specified Person, is a Person that directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified. 

 (d) “Agreement” has the meaning attributed to it in the preamble of this
Warrant. 
 (e) “Business Day” means any day other than Saturday, Sunday or federal holiday. 

(f) “Cheap Stock Issued” has the meaning attributed to it in Section 7(c). 

(g) “Change of Control” means (a) the sale, conveyance or disposition of all or substantially all of the assets of
the Company (other than pursuant to a joint venture arrangement or other transaction in which the Company, directly or indirectly, receives at least fifty percent (50%) of the voting equity in another entity or a general partnership);
(b) the effectuation of a transaction or series of related transactions in which more than fifty percent (50%) of the voting power of the Company is disposed of (other than (i) as a direct result of normal, uncoordinated trading
activities in the Common Stock generally or (ii) solely as a result of the disposition by a stockholder of the Company to an Affiliate of such stockholder); (c) the consolidation, merger or other business combination of the Company with or
into any other entity, immediately following which the prior stockholders of the Company fail to own, directly or indirectly, at least fifty percent (50%) of the voting equity of the surviving entity; (d) a transaction or series of
transactions in which any Person or “group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) acquires more than fifty percent (50%) of the voting equity of the Company (other than the acquisition by a person or
“group” that is an Affiliate of or Affiliated with a person or “group” that immediately prior to such acquisition, beneficially owned fifty percent (50%) or more of the voting equity of the Company); (e) the replacement
of a majority of the Company’s Board of Directors with individuals who were not nominated or elected by at least a majority of the directors at the time of such replacement; or (f) a transaction or series of transactions that constitutes
or results in a “going private transaction” (as defined in Section 13(e) of the Exchange Act and the regulations of the Securities and Exchange Commission issued thereunder). 

(h) “Common Stock” means (i) the Company’s common stock, $0.001 par value per share, and (ii) any capital
stock into which the Common Stock is changed or any capital stock resulting from a reclassification of the Common Stock. 
 (i)
“Delivery Date” has the meaning attributed to it in Section 2(b). 
 (j) “Derivative
Security” means any right, option, warrant or other security convertible into or exercisable for Common Stock. 
 (k)
“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (l) “Exercise Date”
has the meaning attributed to it in Section 2(b). 
 (m) “Exercise Documents” has the meaning
attributed to it in Section 2(b). 

 (n) “Exercise Notice” has the meaning attributed to it in
Section 2(b). 
 (o) “Exercise Price” is equal to $2.00, subject to adjustment as set forth in this
Warrant. 
 (p) “Fair Market Value” has the meaning attributed to it in Section 7(c). 

(q) “Issuance Date” means January 13, 2011. 

(r) “Measuring Period” has the meaning attributed to it in Section 2(a). 

(s) “Ownership Ratio” has the meaning attributed to it in Section 7(c). 

(t) “Payment” has the meaning attributed to it in Section 2(b). 

(u) “Person” means a natural person or entity, or a government or any division, department or agency thereof.

 (v) “Preferred Stock” has the meaning attributed to it in Section 3(a). 

(w) “Registration Rights Agreement” has the meaning attributed to it in Section 9. 

(x) “Securities Act” means the Securities Act of 1933, as amended. 

(y) “Trading Market” has the meaning attributed to it in Section 7(c). 

(z) “VWAP” has the meaning attributed to it in Section 7(c). 

(aa) “Warrant” means this Warrant and all Warrants issued in exchange, transfer or replacement thereof. 

(bb) “Warrant Exercise Period” means the period beginning at 12:01 a.m. on the January 1st that immediately follows the end of a Measuring Period and ending at
11:59 p.m. on the December 31st that is the third
anniversary of the end of such Measuring Period. 
 (cc) “Warrant Shares” has the meaning attributed to it in
the preamble of this Warrant. 
 Section 2. Exercise of Warrant. 

(a) Following each of the Company’s fiscal years ending December 31, 2011, 2012 and 2013, and each of the Company’s fiscal
years ending December 31, 2014 and 2015 if the Holder elects to extend the term of the Agreement for such respective fiscal years as provided in the Agreement, this Warrant shall vest for, and the Holder shall be entitled to exercise this
Warrant in part and purchase from the Company, at the Exercise Price and during the applicable Warrant Exercise Period, one million (1,000,000) Warrant Shares; provided, that gross product orders in dollar terms by the Holder from the Company
in such fiscal year (each, a “Measuring Period”) are at least twenty percent (20%) more than gross product orders in dollar terms by the Holder from the Company in the immediately preceding fiscal year. 

 (b) Subject to the satisfaction of the conditions set forth in Section 2(a),
this Warrant may be exercised for vested Warrant Shares, in whole or in part, by the Holder registered on the books of the Company at any time during the Warrant Exercise Period applicable to such vested Warrant Shares. Any exercise of this Warrant
shall be effected by: 
 (i) delivery of a written notice, in the form attached as Exhibit A (the
“Exercise Notice”), of Holder’s election to exercise this Warrant with respect to vested Warrant Shares, specifying the number of Warrant Shares to be purchased and the related Measuring Period for which such Warrant Shares
vested; 
 (ii) payment to the Company of an amount equal to the Exercise Price multiplied by the number of
Warrant Shares being purchased, in cash or by wire transfer of immediately available funds (the foregoing methods of payment, including any combination of such methods, referred to herein as the “Payment”); and 

(iii) the surrender at the principal office of the Company or to a nationally recognized courier for overnight delivery to
the Company, simultaneously with or as soon as practicable following the delivery of the Exercise Notice and the Payment, of this Warrant (or an indemnification undertaking with respect to this Warrant in the case of its loss, theft or destruction,
in such form and substance as is reasonably satisfactory to the Company). 
 The Company shall, not later than the fifth
Business Day (the “Delivery Date”) following receipt of an Exercise Notice, the Payment and this Warrant or such indemnification (collectively, the “Exercise Documents”), arrange for its transfer agent, on or before
the Delivery Date, to issue and surrender to a nationally recognized courier for overnight delivery to the address specified in the Exercise Notice, a certificate, registered in the name of the Holder or its permitted designee, for the number of
shares of Common Stock to which the Holder is entitled. Upon delivery of the Exercise Notice and the Payment (the “Exercise Date”), the Holder shall be deemed for all corporate purposes to have become the holder of record of the
vested Warrant Shares with respect to which this Warrant has been exercised on the Delivery Date, irrespective of the date of delivery of the certificates evidencing such vested Warrant Shares. 

(c) Unless the rights represented by this Warrant have expired or been fully exercised, the Company shall, as soon as practicable and in
no event later than five Business Days after receipt of the Exercise Documents and at its own expense, issue a new Warrant identical in all respects to this Warrant, except it shall represent rights to purchase the number of Warrant Shares
purchasable immediately prior to exercise, less the number purchased. 

 Section 3. Representations, Warranties, Covenants and Agreements. The Company
hereby represents, warrants, covenants and agrees, as applicable, as follows: 
 (a) Schedule 3 attached hereto sets
forth a true, complete and correct listing, as of the date hereof, of the capitalization of the Company, including all of the Company’s outstanding: (i) shares of Common Stock; (ii) shares of preferred stock, par value $0.001 per
share (“Preferred Stock”), and (iii) Derivative Securities, including the number of shares of Common Stock or Preferred Stock into which such Derivative Securities are convertible and the applicable current exercise price of
such Derivative Securities. 
 (b) This Warrant is, and any Warrants issued in substitution for or in replacement of this
Warrant upon issuance will be, duly authorized, executed and delivered. 
 (c) All Warrant Shares upon issuance will be validly
issued, fully paid and nonassessable, issued without violation of any preemptive or similar rights of any stockholder of the Company and free from all liens and charges with respect to the issue thereof. 

(d) As long as this Warrant may be exercised, the Company will have authorized and reserved at least the number of shares of Common Stock
needed to provide for the exercise of the rights then represented by this Warrant and any other Derivative Security then outstanding. 
 (e) The Company shall pay all expenses in connection with, and all taxes and other governmental charges that may be imposed with respect to, the issuance or delivery of Warrant Shares upon exercise of the
Warrants. 
 Section 4. Warrant Holder Not Deemed a Stockholder. Except as specifically provided in
Section 2(a) and Section 2(b), nothing contained in this Warrant shall be construed to (a) grant the Holder any rights to vote or receive dividends or be deemed the holder of shares of the Company for any purpose,
(b) confer upon the Holder any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification of stock, consolidation, merger,
conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, or (c) impose any liabilities on the Holder to purchase any securities or as a stockholder of the Company, whether asserted by the
Company or creditors of the Company, prior to the issuance of the Warrant Shares. 
 Section 5. Representations of
Holder. 
 (a) The Holder, by the acceptance hereof, represents that it is acquiring this Warrant and the Warrant Shares for
its own account for investment only and not with a view towards, or for resale in connection with, the public sale or distribution of this Warrant or the Warrant Shares, except pursuant to sales registered or exempted under the Securities Act. Upon
exercise of this Warrant, the Holder shall, if requested by the Company, confirm in writing, in a form satisfactory to the Company, that the Warrant Shares are being acquired solely for the Holder’s own account and not as a nominee for any
other party, for investment, and not with a view toward distribution or resale. If Holder cannot make such representations because they would be factually incorrect, it shall be a condition to Holder’s exercise of this Warrant that the Company
receive such other representations as the Company considers reasonably necessary to assure the Company that the issuance of its securities upon exercise of this Warrant shall not violate any federal or state securities laws. The Company shall not be
penalized or disadvantaged by the Holder’s inability to exercise this Warrant due to its inability to make the required representations in connection with the exercise of this Warrant. 

 (b) The Holder represents and agrees that it will not sell, assign or otherwise transfer any
Warrant Shares for a period of 60 days following the Exercise Date. 
 Section 6. Ownership and Transfer.

 (a) The Company shall maintain at its principal executive offices (or such other office or agency of the Company as it may
designate by notice to the holder hereof), a register for this Warrant, in which the Company shall record the name and address of the Person in whose name this Warrant has been issued, as well as the name and address of each transferee who has
acquired this Warrant in accordance with applicable law and the terms of this Warrant. The Company may treat the Person in whose name this Warrant is registered on the register as the owner and holder thereof for all purposes, notwithstanding any
notice to the contrary, but in all events recognizing any transfers made in accordance with the terms of this Warrant. 
 (b)
This Warrant may not be transferred or assigned except to an Affiliate or a successor of The Home Depot, Inc. Subject to the terms of this Section 6, upon surrender of this Warrant to the Company at its principal office or at the office
of its transfer agent, if any, with the Assignment Form annexed hereto as Exhibit B duly executed and funds sufficient to pay any transfer tax, the Company shall, without charge, execute and deliver a new Warrant in the name of the transferee
evidencing the portion of the Warrant certificate so transferred and a new Warrant certificate evidencing the remaining portion of the Warrant certificate not so transferred, if any, shall be issued to the transferring Holder. The delivery of the
new Warrant certificate by the Company to the transferee thereof shall be deemed to constitute acceptance by such transferee of all of the rights and obligations of a holder of a Warrant certificate. Subject to the terms of this
Section 6, this Warrant may be divided or combined with other warrants which carry the same rights upon presentation hereof at the principal office of the Company together with a written notice specifying the names and denominations in
which new Warrants are to be issued and signed by the Warrant Holder hereof. 
 (c) Shares may only be offered, sold,
transferred or assigned in compliance with applicable federal and state law. 
 Section 7. Adjustment of Exercise Price
and Number of Shares. The Exercise Price and the number of Warrant Shares shall be adjusted from time to time as follows: 

(a) Stock Splits. If the Company subdivides (by any stock split, recapitalization or otherwise) its outstanding shares of Common
Stock into a greater number of shares, the Exercise Price in effect immediately prior to the subdivision will be proportionately reduced and the number of Warrant Shares will be proportionately increased. If the Company combines (by combination,
reverse stock split or otherwise) its outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately prior to the combination will be proportionately increased and the number of Warrant Shares will be
proportionately decreased. Any adjustment under this Section 7(a) shall become effective at the close of business on the date the subdivision or combination becomes effective. 

 (b) Stock Dividends. If the Company declares a dividend or any other distribution
upon the Common Stock that is payable in shares of Common Stock or Derivative Securities, the number of Warrant Shares will be proportionately increased and the Exercise Price in effect immediately prior to the declaration of the dividend or
distribution will be reduced to the quotient obtained by dividing (i) the number of shares of Common Stock outstanding immediately prior to the declaration multiplied by the then effective Exercise Price by (ii) the total number of shares
of Common Stock outstanding immediately after the declaration. 
 (c) Issuance of Common Stock Below Adjustment Price.
Subject to the provisions of Section 7(d) hereof, if the Company shall issue or sell shares of Common Stock, or Derivative Securities containing the right to subscribe for or purchase shares of Common Stock, to an Affiliate or controlling
Person of the Company at a price per share (determined, in the case of such Derivative Securities, by dividing (A) the total amount receivable by the Company in consideration of the issuance and sale of such Derivative Securities, plus the
total consideration, if any, payable to the Company upon exercise, conversion or exchange thereof, by (B) the total number of shares of Common Stock covered by such Derivative Securities) that is lower than the Adjustment Price in effect
immediately prior to such sale or issuance, then (1) the number of Warrant Shares thereafter issuable upon the exercise of this Warrant shall be increased by adding the number of Warrant Shares theretofore issuable upon exercise of this Warrant
to the product of (x) the Cheap Stock Issued (defined below), multiplied by (y) the Ownership Ratio (defined below); and (2) the Exercise Price shall be reduced by multiplying the then current Exercise Price by a fraction of which,
the numerator shall be the number of Warrant Shares issuable immediately prior to such sale or issuance and the denominator of which shall be the number of Warrant Shares issuable after adjustment pursuant to clause (1), above. Such adjustment shall
be made successively whenever any such sale or issuance is made. 
 “Cheap Stock Issued” shall be the number of
additional shares of Common Stock issued or offered by the Company for subscription or purchase as described above minus the number of shares of Common Stock that the aggregate offering price of the total number of shares of Common Stock so offered
would purchase at the Adjustment Price per share of Common Stock. 
 “Fair Market Value” shall be equal to a
discount of 10% to the average VWAP of the Common Stock for the thirty days preceding the issuance of such shares of Common Stock, or Derivative Securities. 
 “Ownership Ratio” shall be a fraction, the numerator of which shall be the number of Warrant Shares prior to such time issuable upon exercise of this Warrant, and the denominator of which
shall be the number of shares of Common Stock then outstanding on the date of issuance or sale of such shares of Common Stock or such Derivative Securities. For purposes of such adjustments, the shares of Common Stock which the holder of any such
Derivative Securities shall be entitled to subscribe for or purchase (assuming the exercise or conversion of any such Derivative Securities for cash (not on a “cashless” basis)) shall be deemed to be issued and outstanding as of the date
of the sale and issuance of the rights, warrants or convertible or exchangeable securities. 

 “Trading Market” means the following markets or exchanges on which the
Common Stock is listed or quoted for trading on the date in question: the NYSE Amex Equities, The Nasdaq Capital Market, The Nasdaq Global Market, The Nasdaq Global Select Market, the New York Stock Exchange or the OTC Bulletin Board. 

“VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if the
Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted for trading
as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time); (b) if the OTC Bulletin Board is not a Trading Market, the volume weighted average price of the Common Stock for such
date (or the nearest preceding date) on the OTC Bulletin Board; (c) if the Common Stock is not then quoted for trading on the OTC Bulletin Board and if prices for the Common Stock are then reported in the “Pink Sheets” published by
Pink Sheets, LLC (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported; or (d) in all other cases, the fair market value of a share of Common
Stock as determined by an independent appraiser selected in good faith by the Holder and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company. 

(d) Section 7(c) shall not apply to: securities or Derivative Securities issued or issuable to affiliates or controlling
Persons of the Company (i) who are employees, officers, directors, consultants or other service providers of the Company pursuant to a plan or agreement approved by the board of directors, including the Lighting Science Group Corporation
Amended and Restated Equity-Based Compensation Plan, (ii) to settle the Company’s directors’ fees, (iii) pursuant to the exercise or conversion or exchange of Derivative Securities, restricted stock, or other derivative
instruments of the Company, (iv) as a dividend on preferred stock of the Company, (v) pursuant to an acquisition of shares or assets of a target company at a value not less than the fair market value as determined by an independent
investment banking firm, and (vi) in connection with a strategic commercial agreement or commercial relationship at a value not less than the fair market value as determined by the board of directors of the Company acting in good faith.

 Section 8. Purchase Rights; Reorganization, Reclassification, Consolidation, Merger or Sale. 

(a) Upon the consummation of any (i) sale of all or substantially all of the Company’s assets to an acquiring Person or
(ii) other Change of Control following which the Company is not a surviving entity, the Company will secure from the Person purchasing the assets or the successor resulting from the Change of Control (in each case, the “Acquiring
Entity”) a written agreement to deliver to the Holder, in exchange for this Warrant, a security of the Acquiring Entity evidenced by a written instrument substantially similar in form and substance to this Warrant and reasonably
satisfactory to the Holder. Prior to the consummation of any other Change of Control, the Company shall make appropriate provision to insure that the Holder will thereafter have the right to acquire and receive, in lieu of the shares of Common Stock
immediately theretofore acquirable and receivable upon the exercise of this Warrant, such shares of stock, securities or assets that would have been issued or payable in the Change of Control with respect to or in exchange for the number of Warrant
Shares that would have been acquirable as of the date of the Change of Control. 

 Section 9. Registration Rights Agreement. The Company and the Holder are parties
to that certain Registration Rights Agreement, dated as of the Issuance Date (the “Registration Rights Agreement”), and the Company hereby acknowledges and affirms that the Holder shall have all rights set forth in the Registration
Rights Agreement. 
 Section 10. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen,
mutilated or destroyed, the Company shall promptly, on receipt of an indemnification undertaking reasonably satisfactory to the Company (or, in the case of a mutilated Warrant, the Warrant), issue a new Warrant of like denomination and tenor as this
Warrant so lost, stolen, mutilated or destroyed. 
 Section 11. Notice. Any notices, consents, waivers or other
communications required or permitted to be given under the terms of this Warrant must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by fax or email
transmittal (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one Business Day after deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same. The addresses, fax numbers and email addresses for communications shall be: 

If to the Company: 
 Lighting Science Group Corporation 
 Attention: Gregory T. Kaiser, Chief Financial
Officer 
 1227 South Patrick Drive 
 Building 2A 
 Satellite Beach, FL 32937 

Tel: (321) 779-5520 
 Fax: (321) 779-5521 
 greg.kaiser@lsgc.com 

With a copy to: 

Haynes and Boone, LLP 
 2323 Victory Avenue, Suite 700 
 Dallas, TX 75219 

Tel: (214) 651-5645 
 Fax: (214) 200-0577 
 Attention: Greg R. Samuel, Esq. 

greg.samuel@haynesboone.com 

 If to the Holder: 
 The Home Depot, Inc. 
 Attention: Carol B. Tomé 

Chief Financial Officer and Executive Vice President – Corporate Services 

2455 Paces Ferry Road, N.W. 
 Atlanta, Georgia 30339 
 Tel: (770) 433-8211 

Fax: (770) 384-5842 
 Email: carol_tome@homedepot.com 
 With a copy to: 

Briley Brisendine 

Vice President- Corporate Law & Associate General Counsel 

The Home Depot, Inc. 
 Building C-20 
 2455 Paces Ferry Road, N.W. 

Atlanta, Georgia 30339 
 Tel: (770) 384-5742 
 Fax: (770) 384-5842 

Email: briley_brisendine@homedepot.com 
 Each party shall provide five days’ prior written notice to the other party of any change in address or fax number or email address. Written confirmation of receipt (A) given by the recipient of
any notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender’s fax machine or computer containing the time, date, recipient fax number or email address and an image of the first page of the
fax transmission or the content of the email, or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of receipt. 
 Section 12. Amendment and Waiver. This Warrant may not be modified or amended except pursuant to an instrument in writing signed by the Company and the Holder. No provision hereunder may be
waived other than in a written instrument executed by the waiving party. 
 Section 13. Governing Law. This Warrant
shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Warrant shall be governed by, the internal laws of the State of Delaware, without giving effect to
any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Delaware. 

Section 14. Restrictive Legends. At all times this Warrant, and until such time as a registration statement has been declared
effective by the U.S. Securities and Exchange Commission or the Warrant Shares may be sold pursuant to Rule 144 under the Securities Act without any restriction as to the number of securities that can then be immediately sold, certificates for any
Warrant Shares will, in addition to any legend required under applicable securities law, bear a restrictive legend substantially in the form set forth on the first page of this Warrant. 

*** 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be signed as of January 13,
2011. 
  

					
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ John Stanley

		 	Name:	 	John Stanley
		 	Title:	 	Chief Operations Officer

 Agreed and Acknowledged on
January 13, 2011. 
  

					
	THE HOME DEPOT, INC.
		
	By:	 	 /s/ L. Briley Brisendine, Jr.

		 	Name:	 	 L. Briley Brisendine, Jr. 

		 	Title:	 	 VP - Corporate Law & Associate
 General Counsel

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