Document:

Exhibit 10.26

 Exhibit 10.26 
 THE CARLYLE GROUP L.P. 
 2012
EQUITY INCENTIVE PLAN 
 GLOBAL DEFERRED
RESTRICTED COMMON UNIT AGREEMENT 
  

					
	Participant:	 	Date of Grant:	 	
			
	Number of DRUs:	 		 	

 1. Grant of DRUs. The Carlyle Group L.P. (the “Partnership”) hereby grants the
number of deferred restricted Common Units (the “DRUs”) listed above to the Participant (the “Award”), effective as of [            ] (the “Date of
Grant”), on the terms and conditions hereinafter set forth in this agreement including Appendix A, which includes any applicable country-specific provisions (together, the “Award Agreement”). This grant is made pursuant to
the terms of The Carlyle Group L.P. 2012 Equity Incentive Plan (as amended, modified or supplemented from time to time, the “Plan”), which is incorporated herein by reference and made a part of this Award Agreement. Each DRU
represents the unfunded, unsecured right of the Participant to receive a Common Unit on the delivery date(s) specified in Section 4 hereof. 
 2. Definitions. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 
 (a) “Cause” shall mean the determination by the Administrator that the Participant has (i) engaged in gross negligence or willful misconduct in the performance of the
Participant’s duties, (ii) willfully engaged in conduct that the Participant knows or, based on facts known to the Participant, should know is materially injurious to the Partnership or any of its Affiliates, (iii) materially breached
any material provision of the Participant’s employment agreement or other Restrictive Covenant Agreement with the Partnership or its Affiliates, (iv) been convicted of, or entered a plea bargain or settlement admitting guilt for, fraud,
embezzlement, or any other felony under the laws of the United States or of any state or the District of Columbia or any other country or any jurisdiction of any other country (but specifically excluding felonies involving a traffic violation),
(v) been the subject of any order, judicial or administrative, obtained or issued by the U.S. Securities and Exchange Commission (“SEC”) or similar agency or tribunal of any country, for any securities violation involving
insider trading, fraud, misappropriation, dishonesty or willful misconduct (including, for example, any such order consented to by the Participant in which findings of facts or any legal conclusions establishing liability are neither admitted nor
denied), or (vi) discussed the Partnership’s (or its Affiliates’) fundraising efforts, or the name of any fund vehicle that has not had a final closing of commitments, to any reporter or representative of any press or other public
media. 

 (b) “Qualifying Event” shall mean, during the
Participant’s Services with the Partnership and its Affiliates, the Participant’s death or Disability. 

(c) “Restrictive Covenant Agreement” shall mean any agreement, and any attachments or schedules thereto,
entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or
confidentiality, in order to protect the business of the Partnership and its Affiliates. 
 (d) “Vested
DRUs” shall mean those DRUs which have become vested pursuant to Section 3 or otherwise pursuant to the Plan. 
 (e) “Vesting Dates” shall mean each of the vesting dates set forth in Section 4(a) hereof. 
 3. Vesting. 
 (a) Vesting – General. Subject to
the Participant’s continued Services with the Partnership and its Affiliates, the Award shall vest on the applicable Vesting Dates as follows: 
 (i) The DRUs granted hereunder shall vest in installments on each Vesting Date as set forth in Section 4(a) hereof. 

(b) Vesting – Death or Disability. Upon the occurrence of a Qualifying Event, 100% of the DRUs granted
hereunder shall vest (to the extent not previously vested) upon the date of such Qualifying Event. 
 (c)
Vesting –Terminations. Except as otherwise set forth in Section 3(b), in the event the Participant’s Services with the Partnership and its Affiliates are terminated for any reason, the portion of the Award that has not yet
vested pursuant to Section 3(a) or 3(b) hereof (or otherwise pursuant to the Plan) shall be cancelled immediately and the Participant shall automatically forfeit all rights with respect to such portion of the Award as of the date of such
termination. 
 4. Vesting and Delivery Dates. 

(a) Delivery – General. The Partnership shall, on or within 30 days following a Vesting Date, deliver (or
cause delivery to be made) to the Participant the Common Units underlying the DRUs that vest and become Vested DRUs on such Vesting Date. The general vesting and delivery terms with respect to the DRUs are set forth in the table below. 

 

					
	 Vesting Dates
	  	Annual Vesting / Delivery	  	Cumulative Vesting 
/
Delivery
		  		  	
		  		  	
		  		  	

  
 2 

 (b) Delivery – Death or Disability. Upon the occurrence of a
Qualifying Event, the Partnership shall, within 30 days following the date of such event, deliver (or cause delivery of) Common Units to the Participant in respect of 100% of the DRUs which vest and become Vested DRUs on such date. 

(c) Delivery – Terminations. Except as otherwise set forth in Section 4(b) or 4(d), in the event the
Participant’s Services with the Partnership and its Affiliates are terminated for any reason, the Partnership shall within 30 days following the date of such termination, deliver (or cause delivery of) Common Units to the Participant in respect
of any then outstanding Vested DRUs. 
 (d) Forfeiture – Cause Termination or Breach of Restrictive
Covenants. Notwithstanding anything to the contrary herein, upon the termination of the Participant’s Services by the Partnership or any of its Affiliates for Cause or upon the Participant’s breach of any of the restrictive covenants
contained within an applicable Restrictive Covenant Agreement, all outstanding DRUs (whether or not vested) shall immediately terminate and be forfeited without consideration and no further Common Units with respect of the Award shall be delivered
to the Participant or to the Participant’s legal representative, beneficiaries or heirs. Without limiting the foregoing, any Common Units that have previously been delivered to the Participant or the Participant’s legal
representative, beneficiaries or heirs pursuant to the Award and which are still held by the Participant or the Participant’s legal representative, or beneficiaries or heirs as of the date of such termination for Cause or such breach, shall
also immediately terminate and be forfeited without consideration. 
 5. Change in Control. Notwithstanding anything to
the contrary herein, in the event of a Change in Control, (i) 100% of the DRUs granted hereunder which then remain outstanding shall vest (to the extent not previously vested) upon the date of such Change in Control, and (ii) the
Partnership shall deliver (or cause delivery of) Common Units to the Participant at the same times as would otherwise be delivered pursuant to Section 4(a); provided, however, if such Change in Control (or any subsequent Change in
Control) would constitute “a change in the ownership or effective control” or a “change in the ownership of a substantial portion of the assets” of the Partnership (in each case within the meaning of Section 409A of the
Code), the Partnership shall instead deliver (or cause delivery of) Common Units to the Participant in respect of 100% of the then outstanding DRUs on or within 10 days following such Change in Control. 

  
 3 

 6. No Dividends or Distributions on DRUs. No dividends or other distributions shall
accrue or become payable with respect to any DRUs prior to the date upon which the Common Units underlying the DRUs are issued or transferred to the Participant. 
 7. Adjustments Upon Certain Events. The Administrator shall make certain substitutions or adjustments to any DRUs subject to this Award Agreement pursuant to Section 9 of the Plan. 

8. Nature of Grant. In accepting the grant, the Participant acknowledges, understands, and agrees that: 

(a) the Plan is established voluntarily by the Partnership, it is discretionary in nature and it may be modified, amended,
suspended or terminated by the Partnership, at any time, to the extent permitted by the Plan; 
 (b) the grant of
the DRUs is voluntary and occasional and does not create any contractual or other right to receive future grants of DRUs, or benefits in lieu of DRUs, even if DRUs have been granted in the past; 

(c) all decisions with respect to future DRUs or other grants, if any, will be at the sole discretion of the Partnership;

 (d) the granting of the DRUs evidenced by this Award Agreement shall impose no obligation on the Partnership
or any Affiliate to continue the Services of the Participant and shall not lessen or affect the Partnership’s or its Affiliate’s right to terminate the Services of such Participant; 

(e) the Participant is voluntarily participating in the Plan; 

(f) the DRUs and the Common Units subject to the DRUs are not intended to replace any pension rights or compensation;

 (g) the DRUs and the Common Units subject to the Plan, and the income and value of same, are not part of
normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments;

 (h) the future value of the underlying Common Units is unknown, indeterminable and cannot be predicted with
certainty; 
 (i) no claim or entitlement to compensation or damages shall arise from forfeiture of the DRUs
resulting from termination of the Participant’s Services as set forth in Section 3(c) or 4(c) above for any reason (whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is
employed, if any, or the terms of the Participant’s employment agreement, if any), and in consideration of the grant of the DRUs to which the Participant is otherwise not entitled, the Participant irrevocably agrees never to institute any claim
against the Partnership or any Affiliate, 

  
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waives his or her ability, if any, to bring any such claim, and releases the Partnership and its Affiliates from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by participating in the Plan, the Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such
claim; 
 (j) in the event of termination of the Participant’s Services for any reason, except as set forth
in Sections 3(b) and 4(b) (whether or not later to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed, if any, or the terms of the Participant’s employment agreement, if any), unless otherwise
determined by the Partnership, the Participant’s right to vest in the DRUs under the Plan, if any, will terminate effective as of the date that the Participant is no longer actively providing services and will not be extended by any notice
period (e.g., active services would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Participant is employed, if any, or the terms of
the Participant’s employment agreement, if any); the Administrator shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of the DRUs grant (including whether the Participant
may still be considered to be providing services while on an approved leave of absence); and 
 (k) the following
provisions apply only if the Participant is providing services outside the United States: 
 (i) the DRUs and the
Common Units subject to the DRUs are not part of normal or expected compensation or salary for any purpose; and 

(ii) the Participant acknowledges and agrees that neither the Partnership nor any Affiliate shall be liable for any
foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the DRUs or of any amounts due to the Participant pursuant to the settlement of the DRUs or the subsequent sale
of any Common Units acquired upon settlement. 
 9. No Advice Regarding Grant. The Partnership is not providing any tax,
legal or financial advice, nor is the Partnership making any recommendations regarding the Participant’s participation in the Plan, or the Participant’s acquisition or sale of the underlying Common Units. The Participant is hereby advised
to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 
 10. Data Privacy. The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant’s personal data as
described in this Award Agreement and any other DRUs grant materials by and among, as applicable, the Partnership and its Affiliates for the exclusive purpose of implementing, administering and managing the Participant’s participation in the
Plan. 

  
 5 

 The Participant understands that the Partnership and its Affiliates may hold certain
personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any
rights or interests held in the Partnership, details of all DRUs or any other entitlement to Common Units awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor (“Data”), for the exclusive
purpose of implementing, administering and managing the Plan. 
 The Participant understands that Data will be
transferred to a broker, or other service provider as may be selected by the Partnership in the future, which is assisting the Partnership with the implementation, administration and management of the Plan. The Participant understands that the
recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than the Participant’s country. The Participant
understands that if he or she resides outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. The Participant
authorizes the Partnership, the broker, and any other possible recipients which may assist the Partnership (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the sole purpose of implementing, administering and managing his or her participation in the Plan. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the
Participant’s participation in the Plan. The Participant understands if he or she resides outside the United States, he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any
necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. Further, the Participant understands that he or she is providing the consents
herein on a purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke his or her consent, his or her employment status or service and career with the Partnership or an Affiliate will not be adversely
affected; the only adverse consequence of refusing or withdrawing the Participant’s consent is that the Partnership would not be able to grant the Participant DRUs or other equity awards or administer or maintain such awards. Therefore, the
Participant understands that refusing or withdrawing his or her consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of the Participant’s refusal to consent or withdrawal of
consent, the Participant understands that he or she may contact his or her local human resources representative. 
 11.
No Rights of a Holder of Common Units. Except as otherwise provided herein, the Participant shall not have any rights as a holder of Common Units until such Common Units have been issued or transferred to the Participant. 

12. Restrictions. Any Common Units issued or transferred to the Participant or to the Participant’s beneficiary pursuant to
Section 4 of this Award Agreement (including, without limitation, following the Participant’s death or Disability) shall be subject to such stop transfer orders and other restrictions as the Administrator may deem advisable under the Plan
or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Common Units are listed and any applicable U.S. or non-U.S. federal, state or local laws, and the

  
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Administrator may cause a notation or notations to be put entered into the books and records of the Partnership to make appropriate reference to such restrictions. Without limiting the generality
of the forgoing, a Participant’s ability to sell or transfer the Common Units shall be subject to such trading policies or limitations as the Administrator may, in its sole discretion, impose from time to time on current or former senior
professionals, employees, consultants, directors, members, partners or other service providers of the Partnership or of any of its Affiliates. 
 13. Transferability. Unless otherwise determined or approved by the Administrator, no DRUs may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the
Participant other than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance not permitted by this Section 13 shall be void and unenforceable against the
Partnership or any Affiliate. 
 14. Notices. All notices, requests, claims, demands and other communications hereunder
shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by courier service, by fax, or by registered or certified mail (postage prepaid, return receipt requested) to the respective
parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 14): 
 (a) If to the Partnership, to: 
 The Carlyle Group L.P.

 1001 Pennsylvania Avenue, NW 

Washington, DC 20004 
 Attention: General Counsel 
 Fax: (202) 729-5266 

(b) If to the Participant, to the address appearing in the personnel records of the Partnership or any Affiliate.

 15. Withholding. The Participant may be required to pay to the Partnership or, if different, an Affiliate that employs
the Participant (the “Employer”), and the Partnership, the Employer, or any Affiliate shall have the right and is hereby authorized to withhold from any compensation or other amount owing to the Participant, applicable income tax,
social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items (“Tax-Related Items”), with respect to any issuance, transfer, or other taxable event under this Award Agreement or under the Plan and
to take such action as may be necessary in the opinion of the Partnership to satisfy all obligations for the payment of such Tax-Related Items. Without limiting the foregoing, the Administrator may, from time to time, permit the Participant to make
arrangements prior to any Vesting Date described herein to pay the applicable Tax-Related Items in a manner prescribed by the Administrator prior to the applicable Vesting Date; provided that, unless otherwise determined by the Administrator, any
such payment or estimate must be received by the Partnership prior to an applicable Vesting Date. Additionally, the Participant authorizes the Partnership and/or the Employer to satisfy the obligations with regard to all
Tax-

  
 7 

 
Related Items by withholding from proceeds of the sale of Common Units acquired upon settlement of the Vested DRUs either through a voluntary sale or through a mandatory sale arranged by the
Partnership (on the Participant’s behalf pursuant to this authorization). The Participant acknowledges that, regardless of any action taken by the Partnership, the Employer, or any Affiliate the ultimate liability for all Tax-Related Items, is
and remains the Participant’s responsibility and may exceed the amount actually withheld by the Partnership or the Employer. The Partnership may refuse to issue or deliver the Common Units or the proceeds from the sale of Common Units, if the
Participant fails to comply with his or her obligations in connection with the Tax-Related Items. 
 16. Choice of Law.
The interpretation, performance and enforcement of this Award Agreement shall be governed by the law of the State of New York without regard to its conflict of law provisions. 
 17. Subject to Plan. By entering into this Award Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. All DRUs and Common Units issued
or transferred with respect thereof are subject to the Plan. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

 18. Entire Agreement. This Award Agreement contains the entire understanding between the parties with respect to the
DRUs granted hereunder (including, without limitation, the vesting and delivery schedules described herein and in the Appendix), and hereby replaces and supersedes any prior communication and arrangements between the Participant and the Partnership
or any of its Affiliates with respect to the matters set forth herein and any other pre-existing economic or other arrangements between the Participant and the Partnership or any of its Affiliates, unless otherwise explicitly provided for in
any other agreement that the Participant has entered into with the Partnership or any of its Affiliates and that is set forth on Schedule A hereto. Unless set forth on Schedule A hereto, no such other agreement entered into prior to the Date of
Grant shall have any effect on the terms of this Award Agreement. 
 19. Modifications. Notwithstanding any provision of
this Award Agreement to the contrary, the Partnership reserves the right to modify the terms and conditions of this Award Agreement, including, without limitation, the timing or circumstances of the issuance or transfer of Common Units to the
Participant hereunder, to the extent such modification is determined by the Partnership to be necessary to comply with applicable law or preserve the intended deferral of income recognition with respect to the DRUs until the issuance or transfer of
Common Units hereunder. 
 20. Signature in Counterparts; Electronic Acceptance. This Award Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Alternatively, this Award Agreement may be granted to and accepted by the Participant electronically.

 21. Electronic Delivery. The Partnership may, in its sole discretion, decide to deliver any documents related to
current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and
maintained by the Partnership or a third party designated by the Partnership. 

  
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 22. Compliance with Law. Notwithstanding any other provision of this Award Agreement,
unless there is an available exemption from any registration, qualification or other legal requirement applicable to the Common Units, the Partnership shall not be required to deliver any Common Units issuable upon settlement of the DRUs prior to
the completion of any registration or qualification of the Common Units under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of the SEC or of any other governmental regulatory body, or
prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval the Partnership shall, in its absolute discretion, deem necessary or advisable. The
Participant understands that the Partnership is under no obligation to register or qualify the Common Units with the SEC or any state or foreign securities commission or to seek approval or clearance from any governmental authority for the issuance
or sale of the Common Units. Further, the Participant agrees that the Partnership shall have unilateral authority to amend the Plan and the Award Agreement without the Participant’s consent to the extent necessary to comply with securities or
other laws applicable to issuance of Common Units. 
 23. Language. If the Participant has received this Award Agreement
or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

24. Severability. The provisions of this Award Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 25. Appendix. Notwithstanding any provisions in this Award Agreement, the DRUs grant shall be subject to any special terms and conditions set forth in Appendix A to this Award Agreement for the
Participant’s country. Moreover, if the Participant relocates to one of the countries included in Appendix A, the special terms and conditions for such country will apply to the Participant, to the extent the Partnership determines that the
application of such terms and conditions is necessary or advisable for legal or administrative reasons. Appendix A constitutes part of this Award Agreement. 
 26. Imposition of Other Requirements. The Partnership reserves the right to impose other requirements on the Participant’s participation in the Plan, on the DRUs and on any Common Units
acquired under the Plan, to the extent the Partnership determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish
the foregoing. 
 27. Waiver. The Participant acknowledges that a waiver by the Partnership of breach of any provision of
this Award Agreement shall not operate or be construed as a waiver of any other provision of this Award Agreement, or of any subsequent breach by the Participant or any other participant. 

[Signatures on next page (if applicable)] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement.1 

 

			
	THE CARLYLE GROUP L.P.
		
	By:	 	  

	Name:	 	

   

 

	1 	If this Award Agreement is delivered to the Participant electronically, the Participant’s electronic acceptance of the Award Agreement (pursuant to instructions
separately communicated to the Participant) shall constitute acceptance of the Award Agreement and shall be binding on the Participant and the Partnership in lieu of any required signatures to this Award Agreement. 

  
 10Investment Agreement

 Exhibit 10.1 
 EXECUTION COPY 
  

 
  

INVESTMENT AGREEMENT 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I
	  	 PURCHASE AND SALE OF SHARES; USE OF PROCEEDS
	  	 	1	  
	 1.1
	  	 Agreement to Issue, Sell and Purchase the Shares
	  	 	1	  
	 1.2
	  	 Closing and Delivery of the Shares
	  	 	1	  
	 1.3
	  	 Use of Proceeds
	  	 	2	  
			
	 ARTICLE II
	  	 REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	  	 	2	  
	 2.1
	  	 Organization and Qualification
	  	 	2	  
	 2.2
	  	 Authorized Capital Stock
	  	 	2	  
	 2.3
	  	 Issuance, Sale and Delivery of the Shares
	  	 	3	  
	 2.4
	  	 Due Execution, Delivery and Performance of the Agreement
	  	 	3	  
	 2.5
	  	 Valid Offering
	  	 	4	  
	 2.6
	  	 No Defaults
	  	 	4	  
	 2.7
	  	 No Material Change
	  	 	4	  
	 2.8
	  	 Compliance
	  	 	5	  
	 2.9
	  	 Litigation
	  	 	5	  
	 2.10
	  	 Transfer Taxes
	  	 	6	  
	 2.11
	  	 Investment Company
	  	 	6	  
	 2.12
	  	 Customers and Suppliers
	  	 	6	  
	 2.13
	  	 Corrupt Practices
	  	 	6	  
	 2.14
	  	 SEC Filings; Financial Statements
	  	 	6	  
	 2.15
	  	 Internal Accounting Controls
	  	 	8	  
	 2.16
	  	 Corporate Records
	  	 	8	  
	 2.17
	  	 Nasdaq Compliance and Listing
	  	 	8	  
	 2.18
	  	 Full Disclosure
	  	 	8	  
			
	 ARTICLE III
	  	 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PURCHASERS
	  	 	9	  
	 3.1
	  	 Investment Representations and Covenants
	  	 	9	  
	 3.2
	  	 Authorization; Validity of the Agreement
	  	 	9	  
	 3.3
	  	 No Conflict
	  	 	9	  
	 3.4
	  	 No Legal, Tax or Investment Advice
	  	 	10	  
	 3.5
	  	 Restrictive Legend
	  	 	10	  
	 3.6
	  	 Sufficient Funds
	  	 	10	  
			
	 ARTICLE IV
	  	 COVENANTS
	  	 	10	  
	 4.1
	  	 Efforts
	  	 	10	  
	 4.2
	  	 Injunctive Relief
	  	 	10	  
	 4.3
	  	 Covenants
	  	 	11	  
	 4.4
	  	 Price Protection Share Right
	  	 	11	  
	 4.5
	  	 Lock-Up Agreement
	  	 	12	  
	 4.6
	  	 Nasdaq Matters
	  	 	13	  
	 4.7
	  	 Notification of Transfer
	  	 	13	  
	 4.8
	  	 Piggy-Back Registration Rights
	  	 	13	  
	 4.9
	  	 Public Announcements
	  	 	13	  

  
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	 ARTICLE V
	  	 INDEMNIFICATION
	  	 	13	  
	 5.1
	  	 Survival
	  	 	13	  
	 5.2
	  	 Limits on Claims
	  	 	14	  
	 5.3
	  	 Indemnification by the Company
	  	 	14	  
	 5.4
	  	 Indemnification by the Purchasers
	  	 	14	  
	 5.5
	  	 Procedure for Indemnification
	  	 	14	  
	 5.6
	  	 Remedies Exclusive
	  	 	15	  
	 5.7
	  	 Right of Set-Off
	  	 	15	  
			
	 ARTICLE VI
	  	 MISCELLANEOUS
	  	 	15	  
	 6.1
	  	 Broker’s Fee
	  	 	15	  
	 6.2
	  	 Assignment
	  	 	15	  
	 6.3
	  	 Expenses
	  	 	16	  
	 6.4
	  	 Notices
	  	 	16	  
	 6.5
	  	 Changes
	  	 	17	  
	 6.6
	  	 Headings
	  	 	17	  
	 6.7
	  	 Severability
	  	 	17	  
	 6.8
	  	 Governing Law
	  	 	17	  
	 6.9
	  	 Counterparts
	  	 	17	  
	 6.10
	  	 Entire Agreement
	  	 	17	  
	 6.11
	  	 No Third-Party Beneficiaries
	  	 	17	  

  
 ii 

 EXECUTION COPY 
 INVESTMENT AGREEMENT 
 THIS INVESTMENT AGREEMENT (the
“Agreement”) is made as of March 8, 2013, by and among Revolution Lighting Technologies, Inc. (the “Company”), a corporation organized under the laws of the State of Delaware, with its principal offices at 124
Floyd Smith Drive, Suite 300, Charlotte, NC, Great American Insurance Company, a corporation organized under the laws of the State of Ohio, with its principal offices at 301 East Fourth Street, Cincinnati, OH 45202 (“Great
American”) and Great American Life Insurance Company, a corporation organized under the laws of the State of Ohio, with its principal offices at 301 East Fourth Street, Cincinnati, OH 45202 (“Great American Life” and
together with Great American, the “Purchasers”). 
 IN CONSIDERATION of the mutual covenants contained in this
Agreement, the Company and the Purchasers agree as follows: 
 ARTICLE I 

PURCHASE AND SALE OF SHARES; USE OF PROCEEDS 
 1.1 Agreement to Issue, Sell and Purchase the Shares. At the Closing (as defined in Section 1.2) and upon the terms and conditions hereinafter set forth, the Company will sell to:

 (a) Great American, and Great American will purchase from the Company, for an aggregate purchase price of Two Million Five
Hundred Thousand Dollars ($2,500,000), (x) 2,136,752 shares (the “Great American Shares”) of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”) and (y) the right to receive
the Price Protection Shares (as defined below) on the terms and conditions set forth in Section 4.4 below; and 

(b) Great American Life, and Great American Life will purchase from the Company, for an aggregate purchase price of Two Million Five
Hundred Thousand Dollars ($2,500,000), (x) 2,136,752 shares (the “Great American Life Shares” and together with the Great American Shares, the “Shares”) of Common Stock and (y) the right to receive the
Price Protection Shares (as defined below) on the terms and conditions set forth in Section 4.4 below. 
 1.2
Closing and Delivery of the Shares. 
 (a) Closing. The purchase and sale of the Shares (the
“Closing”) shall occur at the offices of Lowenstein Sandler LLP, 1251 Avenue of the Americas, New York, NY 10020 or such other place as the parties may agree, on the date hereof, unless another time or date, or both, are agreed to
in writing by the parties hereto. The date on which the Closing occurs is sometimes referred to herein as the “Closing Date”. For purposes of this Agreement, the term “Business Day” shall mean any day other than a
Saturday, Sunday or a day on which the banks in New York, New York are authorized by Law (as defined in Section 2.8) or executive order to be closed. 
 (b) Delivery of the Shares. At the Closing, the Company shall deliver to each Purchaser one or more stock certificates, registered in the name of such Purchaser, representing the Shares set forth
in Section 1.1 above and bearing the legend specified in Section 3.5 hereof referring to the fact that the Shares were sold in reliance upon the exemption from registration

 
under Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”) against delivery of the purchase price therefore by wire transfer of immediately
available funds to an account designated by the Company. 
 1.3 Use of Proceeds. Proceeds from the sale of the Shares
shall be used by the Company for general corporate and working capital purposes. 
 ARTICLE II 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY 
 The Company hereby represents and warrants to, and covenants with, the Purchasers as follows: 
 2.1 Organization and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and the Company is qualified to do
business as a foreign corporation in each jurisdiction in which such qualification is required, except where failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect (as defined in Section 2.7).
Each Subsidiary is duly organized, validly existing and in good standing under the laws of its jurisdiction of formation and is qualified to do business as a foreign entity in each jurisdiction in which such qualification is required, except where
failure to be so qualified would not reasonably be expected to result in a Material Adverse Effect. Schedule 2.1 sets forth each direct or indirect subsidiary of the Company (each a “Subsidiary” and collectively, the
“Subsidiaries”). 
 2.2 Authorized Capital Stock. As of the date hereof, the Company’s authorized
capital stock consists of (i) 120,000,000 shares of Common Stock, of which 71,347,323 shares are issued and outstanding, and (ii) 5,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”), of
which (A) 1,000,000 have been designated Series B Convertible Preferred Stock (the “Series B Stock”), 2 shares of which are issued and outstanding, (B) 25,000 have been designated Series C Convertible Preferred Stock (the
“Series C Stock”), 10,000 shares of which are issued and outstanding, (C) 13,000 have been designated Series D Convertible Preferred Stock (the “Series D Stock”), 11,915 shares of which are issued and
outstanding and (D) 10,000 have been designated Series E Convertible Redeemable Preferred Stock (the “Series E Stock”), 5,000 shares of which are issued and outstanding. Except as set forth on Schedule 2.2, the Company
has not issued any shares since September 30, 2012 other than pursuant to employee or director equity incentive plans or purchase plans approved by the Board and upon the exercise or conversion of options, warrants and preferred stock
outstanding on such date. The issued and outstanding shares of the Company’s Common Stock have been duly authorized and validly issued, are fully paid and nonassessable, have been issued in compliance with all federal and state securities laws
and were not issued in violation of or subject to any preemptive rights or other rights to subscribe for or purchase securities. Except as set forth in Schedule 2.2 or as contemplated by this Agreement, the Company does not have outstanding
any options to purchase, or any preemptive rights or other rights to subscribe for or to purchase, any securities or obligations convertible into, or any agreements or commitments to issue or sell, shares of capital stock or other securities of the
Company and there are no agreements or commitments obligating the Company to repurchase, redeem, or otherwise acquire capital stock or other securities of the Company. Except as set forth in Schedule 2.2 or as

  
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contemplated by this Agreement, there are no agreements to which the Company is a party or by which it is bound with respect to the voting (including without limitation voting trusts or proxies),
registration under the Securities Act, or sale or transfer (including without limitation agreements relating to pre-emptive rights, rights of first refusal, rights of first offer, buy-sell rights, co-sale rights or “drag-along” rights) of
any securities of the Company. With respect to each Subsidiary, (i) the Company owns (directly or through its direct Subsidiaries) 100% of each Subsidiary’s capital stock, (ii) all the issued and outstanding shares of each such
Subsidiary’s capital stock have been duly authorized and validly issued, are fully paid and nonassessable, have been issued in compliance with applicable federal and state securities laws, and were not issued in violation of or subject to any
preemptive rights or other rights to subscribe for or purchase securities, (iii) there are no outstanding options to purchase, or any preemptive rights or other rights to subscribe for or to purchase, any securities or obligations convertible
into, or any contracts or commitments to issue or sell, shares of any Subsidiary’s capital stock, and (iv) there are no agreements or commitments obligating any Subsidiary of the Company to repurchase, redeem, or otherwise acquire capital
stock or other securities of the Company or any such Subsidiary. The Company does not directly or indirectly own, or have a right to acquire, any equity or similar interest in, or any interest convertible or exchangeable or exercisable for, any
equity or similar interest in, any Person, other than the Subsidiaries. For purposes of this Agreement, the term “Person” shall mean any individual, partnership, company, limited liability company, joint venture, association,
joint-stock company, trust, unincorporated organization, government or agency or political subdivision thereof, or other entity. 
 2.3 Issuance, Sale and Delivery of the Shares. (i) The Shares will be, upon payment therefore by the Purchasers in accordance with the terms hereof and (ii) the additional shares of
Common Stock issuable pursuant to Section 4.4 below (the “Price Protection Shares”) will be, if and when issued in accordance with Section 4.4 below, duly authorized, validly issued, fully paid and
nonassessable and shall be free and clear of all liens, claims, encumbrances and restrictions, except as imposed by applicable securities laws. No further approval or authorization of the board of directors of the Company (the “Board of
Directors” or the “Board”) will be required for the issuance, sale and delivery of the Shares to the Purchasers pursuant to the terms hereof or the issuance and delivery of the Price Protection Shares to the Eligible
Persons (as defined in Section 4.4(c)), if any. 
 2.4 Due Execution, Delivery and Performance of the
Agreement. The Company has full legal right, corporate power and authority to authorize, execute and deliver this Agreement, perform its obligations hereunder and consummate the transactions contemplated hereby. The execution and delivery of the
Agreement, the performance of the Company’s obligations hereunder and the consummation of the transactions contemplated hereby have been duly authorized by the Company. The execution and performance of the Agreement by the Company and the
consummation of the transactions herein contemplated will not (i) violate any provision of the organizational documents of the Company, (ii) result in the creation of any lien, pledge, hypothecation, charge, mortgage, security interest,
encumbrance, restriction, adverse claim, interference or right of third party of any nature upon any material assets of the Company pursuant to the terms or provisions of, or will not conflict with, result in the breach or violation of, or
constitute, either by itself or upon notice or the passage of time or both, a default under, any material agreement, commitment, undertaking, mortgage, deed of trust, lease, franchise, license, indenture, permit or other instrument of any nature to
which the Company or any 

  
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Subsidiary is a party or by which the Company or its properties, or any Subsidiary or any Subsidiary’s properties, may be bound or affected, or (iii) violate any statute or any
authorization, judgment, decree, order, rule or regulation of any court or any regulatory body, administrative agency or other governmental or quasi-governmental body applicable to the Company or any Subsidiary or any of their respective properties.
No consent, approval, authorization, order, filing with, or action by or in respect of any court, regulatory body, administrative agency or other governmental or quasi-governmental body is required for the execution and delivery of the Agreement or
the consummation of the transactions contemplated hereby, other than such as have been made or obtained and except for compliance with state securities Laws, federal securities Laws and NASDAQ rules applicable to the listing of the Shares and, if
applicable, the Price Protection Shares. Upon their execution and delivery, and assuming the valid execution thereof by the Purchasers, the Agreement will constitute the valid and binding obligations of the Company, enforceable in accordance with
its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ and contracting parties’ rights generally and except as enforceability may be subject
to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

2.5 Valid Offering. Assuming the accuracy of the representations and warranties of Purchasers set forth in Article III, the
offer, sale, and issuance of the Shares and, if applicable, the Price Protection Shares will be exempt from the registration requirements of the Securities Act and will have been registered or qualified (or are exempt from registration and
qualification) under the registration or qualification requirements of all applicable state securities Laws. Neither the Company nor any Person acting on its behalf will knowingly take any action that would cause the loss of any such exemption.

 2.6 No Defaults. The Company is not in violation or default of any provision of its certificate of incorporation or
bylaws, or other organizational documents, or, except as to defaults, violations and breaches which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; and, to the knowledge of the Company there
does not exist any state of fact which, with notice or lapse of time or both, would constitute a breach or default on the part of the Company, except such breaches or defaults which individually or in the aggregate would not reasonably be expected
to have a Material Adverse Effect. 
 2.7 No Material Change. Since September 30, 2012, (i) except for the
matters set forth on Schedule 2.7, neither the Company nor any Subsidiary has incurred any material liabilities or obligations which would be required under generally accepted accounting principles in the United States
(“GAAP”) to be set forth on the Company’s balance sheet; (ii) neither the Company nor any Subsidiary has sustained any material loss or interference with its respective businesses or properties from fire, flood, windstorm,
accident or other calamity whether or not covered by insurance; (iii) the Company has not paid, authorized or declared any dividends or other distributions with respect to its capital stock, or redeemed or repurchased any securities of the
Company; (iv) neither the Company nor any Subsidiary is in default in the payment of principal or interest on any outstanding debt obligations; (v) there has not been any change, by split, combination, reclassification or otherwise, in the
capital stock of the Company or, other than the sale of the Shares hereunder and the issuance of shares or options pursuant to employee or director equity incentive plans or purchase plans approved by the Board of Directors or upon

  
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the exercise of options and warrants outstanding on such date, the issuance, sale or other disposition of any of capital stock or the Company, (vi) there has not been any waiver, not in the
ordinary course of business, by the Company or any Subsidiary of a material right or of a material debt owed to it; (vii) there has not been any satisfaction or discharge of any lien, claim or encumbrance or payment of any obligation by the
Company or any Subsidiary, except in the ordinary course of business and which is not material to the assets (including intangible assets), properties, condition (financial or otherwise), operations or results of operations or business of the
Company and the Subsidiaries taken as a whole; (viii) except as set forth on Schedule 2.7, there has not been any change or amendment to the Company’s certificate of incorporation or bylaws, or material change to any material
contract or arrangement by which the Company or any Subsidiary is bound or to which any of their respective assets or properties is subject; (ix) except as set forth on Schedule 2.7, there has not been any contract or transaction entered
into by the Company or any Subsidiary other than in the ordinary course of business; (x) except for the matters set forth on Schedule 2.7, there has not been the loss or threatened loss of any material customer; (xi) there has not
been the incurrence of any lien upon any of the Company’s properties, capital stock or assets, tangible or intangible; and (xii) except for the matters set forth on Schedule 2.7, there have been no events or occurrences which,
individually or in the aggregate, have had or would reasonably be expected to have a Material Adverse Effect. For purposes of this Agreement, the term “Material Adverse Effect” shall mean: (a) a material adverse effect on the
condition (financial or otherwise), properties, assets (including intangible assets), business, operations or results of operations of the Company and the Subsidiaries, taken as a whole, or (b) a material adverse effect on the ability of the
Company to perform its obligations under this Agreement. 
 2.8 Compliance. Each of the Company and the Subsidiaries has
complied in all material respects with each Law and is not in violation of any such Law. There have been no written notices or orders of material noncompliance issued to the Company or any Subsidiary under or in respect of any such Law and, to the
knowledge of the Company, none of the Company or any Subsidiary is or has been charged or under investigation with respect to any material noncompliance. To the knowledge of the Company, there are no existing circumstances that are reasonably likely
to result in any such violation. “Law” means any judgment, ruling, order, edict, decree, statute, law (including common law), ordinance, rule, permit, code or regulation applicable to the Company or any Subsidiary or their
respective businesses, properties or assets. 
 2.9 Litigation. Except as set forth in Schedule 2.9, there is no
action, suit, proceeding, claim, arbitration, mediation or investigation pending, or, to the Company’s knowledge, threatened, before any regulatory body, agency, court, tribunal or governmental or quasi-governmental entity, foreign or domestic
(“Governmental Entity”), against or affecting the Company or any Subsidiary. Except as set forth in Schedule 2.9, neither the Company nor any Subsidiary has received any notice or assertion of such an action, suit,
proceeding, claim, arbitration, mediation or investigation. To the knowledge of the Company, there is no reasonable basis for any such action, suit, proceeding, claim, arbitration, mediation or investigation except for the matters set forth on
Schedule 2.9, or for any Person to assert a claim against the Company or any Subsidiary based upon the Company entering into the Agreement, performing its obligations hereunder or consummating the transactions contemplated hereby. There
is no judgment, decree, writ, award, temporary or permanent injunction, stipulation, 

  
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determination or order against the Company or any Subsidiary or any of their respective officers (in their capacities as such), or any of their respective properties or assets, or, to the
knowledge of the Company, any of the Company’s employees (in their capacities as such). There are no settlements or similar agreements with any Governmental Entity affecting the Company or any Subsidiary or any of their respective properties or
assets. None of the Company or any Subsidiary has any actions, suits, proceedings, claims, arbitrations, mediations or investigations pending before any regulatory body, agency, court, tribunal or governmental or quasi-governmental body against any
other Person, nor is the Company or any Subsidiary a party to, or subject to the provisions of, any judgment, decree, writ, award, temporary or permanent injunction, stipulation, determination or order of any Governmental Entity. 

2.10 Transfer Taxes. Prior to the issuance of the Shares and, if applicable, the Price Protection Shares, all stock transfer or
other Taxes (other than income Taxes) which are required to be paid in connection with such sale and issuance will be, or will have been, fully paid or provided for by the Company, all Laws imposing such Taxes will be or will have been fully
complied with, and all Tax Returns with respect to such Taxes will be timely filed. 
 2.11 Investment Company. The
Company is not an “investment company” or an “affiliated person” of, or “promoter” or “principal underwriter” for an investment company, within the meaning of the Investment Company Act of 1940, as amended.

 2.12 Customers and Suppliers. Since September 30, 2012, no significant customer or supplier of the Company or any
Subsidiary, including but not limited to any state or federal agency, has given the Company or any Subsidiary any written notice terminating, suspending, or reducing in any material respect, or specifying an intention to terminate, suspend, or
reduce in any material respect in the future, or otherwise reflecting a material adverse change in, the business relationship between such customer or supplier and the Company or any Subsidiary, and, there has not been any materially adverse change
in the business relationship of the Company or any Subsidiary with any such customer or supplier since September 30, 2012. 

2.13 Corrupt Practices. Neither the Company nor any Subsidiary, nor to the knowledge of the Company, any agent or other person
acting on behalf of the Company or any Subsidiary, has (i) directly or indirectly, used any corporate funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity,
(ii) directly or indirectly, made any unlawful payment to any foreign or domestic government officials or employees or to foreign or domestic political parties or campaigns from corporate funds, (iii) established or maintained any unlawful
or unrecorded fund of corporate monies or other assets, (iv) made any false or fictitious entries on the book and records of the Company, (v) failed to disclose fully any contribution made by the Company or any Subsidiary or made by any
person acting on its behalf and of which the Company is aware in violation of Law, or (vi) violated in any material respect any provision of the Foreign Corrupt Practices Act of 1977, as amended. 

2.14 SEC Filings; Financial Statements. 
 (a) The Company’s Common Stock is registered pursuant to Section 12(b) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) and the Company

  
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has filed all forms, reports and documents required to be filed with the SEC since January 1, 2010, all of which are available to the Purchasers on the website maintained by the SEC at
http://www.sec.gov (the “SEC Website”). All such required forms, reports and documents (including those that the Company may file subsequent to the date hereof) are referred to herein collectively as the “Company SEC
Reports”. In addition, all documents filed as exhibits to the Company SEC Reports (“Exhibits”) are available on the SEC Website. All documents required to be filed as Exhibits to the Company SEC Reports have been so filed.
As of their respective filing dates, the Company SEC Reports (i) complied in all material respects with the requirements of the Securities Act or the Exchange Act, as the case may be, and the rules and regulations of the SEC thereunder
applicable to such Company SEC Reports, and (ii) did not at the time they were filed (or if amended or superseded by a subsequent filing prior to the date of this Agreement, then on the date of such subsequent filing) contain any untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Company is engaged
only in the business described in the Company SEC Reports, and the Company SEC Reports contain a complete and accurate description in all material respects of the Company’s and the Subsidiaries’ business. 

(b) Each of the consolidated financial statements (including, in each case, any related notes thereto) contained in the Company SEC
Reports (the “Company Financials”), (i) complied or will comply as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the SEC with respect thereto as of
their respective dates, (ii) was or will be prepared in accordance with GAAP applied on a consistent basis throughout the periods involved and consistent with each other (except as may be indicated in the notes thereto or, in the case of
unaudited interim financial statements, as may be permitted by the SEC on Form 10-Q under the Exchange Act) and (iii) fairly presented in all material respects the consolidated financial position of the Company and the Subsidiaries as at the
respective dates thereof and the consolidated results of operations and cash flows for the periods indicated, except that the unaudited interim financial statements were or are reasonably expected to be subject to normal and recurring year-end
adjustments. Since January 1, 2010, there has been no material change in the Company’s accounting policies except as described in the notes to the Company Financials. The balance sheet of the Company contained in the Company SEC Report for
the quarter ended September 30, 2012, is hereinafter referred to as the “Company Balance Sheet.” Except as set forth on Schedule 2.14(b), neither the Company nor any Subsidiary has incurred any obligations or liabilities
(absolute, accrued, contingent or otherwise) of any nature required to be disclosed on a balance sheet or in the related notes to the consolidated financial statements prepared in accordance with GAAP which are, individually or in the aggregate,
material to the business, operations, results of operations or condition (financial or otherwise) of the Company and the Subsidiaries taken as a whole, except liabilities (i) reflected on, reserved against, or disclosed in the notes to the
Company Balance Sheet, or (ii) incurred since the date of the Company Balance Sheet in the ordinary course of business consistent with past practice. 
 (c) The Company has heretofore made available to the Purchasers complete and correct copies of any amendments or modifications, which have not yet been filed with the SEC but which are required to be
filed, to agreements, documents or other instruments which previously had been filed by the Company with the SEC pursuant to the Securities Act or the Exchange Act. 

  
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 2.15 Internal Accounting Controls. The Company maintains a system of internal
accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of
financial statements in conformity with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability
for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company has disclosure controls and procedures (as defined in Rules 13a-14 and 15d-14 under the Exchange Act)
that are designed to ensure that material information relating to the Company is made known to the Company’s principal executive officer and the Company’s principal financial officer or persons performing similar functions. The Company is
in compliance in all material respects with all applicable provisions of the Sarbanes-Oxley Act of 2002 (the “Act”). Each of the principal executive officer and the principal financial officer of the Company (or each former
principal executive officer and former principal financial officer of the Company, as applicable) has made all certifications required under Sections 302 and 906 of the Act and the related rules and regulations promulgated thereunder. 

2.16 Corporate Records. The Company has delivered or made available to Purchasers true and complete copies of the certificate of
incorporation and bylaws (in each case as amended to the date of this Agreement) of the Company and the certificate of incorporation and bylaws (or other comparable organization or governance documents) of each Subsidiary. Except as set forth on
Schedule 2.16, the minute books of the Company and the Subsidiaries previously made available to Purchasers contain complete and accurate minutes of all meetings of the Board of Directors and the board of directors of each Subsidiary (and all
committees thereof) ratified as of the date hereof and accurately reflect all other corporate action of the stockholders of the Company, the Board of Directors and the board of directors of each Subsidiary (and all committees thereof) to the date
hereof, including all amendments and corrections. Schedule 2.16 sets forth minutes from prior meetings of the Board of Directors (and the audit committee thereof) which minutes have not yet been approved by the Board of Directors (or the
audit committee, as the case may be) but which are substantially complete and accurately reflect, in all material respects, the corporate action of the Board of Directors (or the audit committee, as the case may be) taken at such meetings.

 2.17 Nasdaq Compliance and Listing. The Company’s Common Stock is listed on the NASDAQ Stock Market. The Company
has taken no action designed to, or likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act or delisting the Common Stock from the NASDAQ Stock Market. No order ceasing or suspending trading in any
securities of the Company or prohibiting the issuance and/or sale of the Shares and, if applicable, the Price Protection Shares is in effect and no proceedings for such purpose are pending or threatened. The Company is in compliance with the
continued listing requirements and standards of the NASDAQ Stock Market with respect to the Common Stock. The Company shall comply with all requirements of the National Association of Securities Dealers, Inc. with respect to the issuance of the
Shares and, if applicable, the Price Protection Shares. 
 2.18 Full Disclosure. No representation or warranty by the
Company in this Agreement and no statement contained in the Schedules to this Agreement contains any untrue statement of a material fact, or omits to state a material fact necessary to make the statements contained therein, in light
of the circumstances in which they are made, not misleading. 

  
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 ARTICLE III 
 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE PURCHASERS 
 Each of the
Purchasers hereby represents and warrants to, and covenants with, the Company as follows: 
 3.1 Investment Representations
and Covenants. The Purchaser represents and warrants to, and covenants with, the Company that: (i) the Purchaser is knowledgeable, sophisticated and experienced in making, and is qualified to make, decisions with respect to investments in
securities including the Shares and, if applicable, the Price Protection Shares; (ii) the Purchaser is acquiring the number of Shares set forth in Section 1.1 above and, if applicable, the Price Protection Shares, in the ordinary
course of its business and for its own account for investment only and with no present intention of distributing any of such Shares, any such Price Protection Shares or any arrangement or understanding with any other persons regarding the
distribution of such Shares or any such Price Protection Shares within the meaning of Section 2(11) of the Securities Act; (iii) the Purchaser will not, directly or indirectly, offer, sell, pledge, transfer or otherwise dispose of (or
solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Shares or any of the Price Protection Shares except in compliance with the Securities Act, applicable state securities laws and the respective rules and
regulations promulgated thereunder; and (iv) the Purchaser is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated under the Securities Act. The Purchaser understands that its acquisition of the Shares
and, if applicable, the Price Protection Shares, has not been registered under the Securities Act or registered or qualified under any state securities laws in reliance on specific exemptions therefrom, which exemptions may depend upon, among other
things, the bona fide nature of the Purchaser’s investment intent as expressed herein. 
 3.2 Authorization; Validity of
the Agreement. The Purchaser further represents and warrants to, and covenants with, the Company that (i) the Purchaser has full right, power, authority and capacity to enter into the Agreement and to consummate the transactions
contemplated hereby and has taken all necessary action to authorize the execution, delivery and performance of the Agreement, and (ii) upon the execution and delivery of the Agreement, assuming the valid execution hereof by the Company, the
Agreement shall constitute valid and binding obligations of the Purchaser enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
creditors’ and contracting parties’ rights generally and except as enforceability may be subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

3.3 No Conflict. The execution, delivery and performance of the Agreement and the consummation of the transactions contemplated
hereby by the Purchaser will not result in any violation of, be in conflict with or constitute a default under, any law, statute, regulation, 

  
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ordinance, material contract or agreement, instrument, judgment, decree or order to which the Purchaser is a party or by which it is bound, except as would not reasonably be expected to have a
material adverse effect on the ability of Purchaser to consummate the transactions contemplated hereby. 
 3.4 No Legal, Tax
or Investment Advice. The Purchaser understands that nothing in the Agreement, the SEC Documents or any other materials presented to the Purchaser in connection with the purchase and sale of the Shares and, if applicable, the Price Protection
Shares, constitutes legal, tax or investment advice. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of Shares and, if applicable,
the Price Protection Shares,. The Purchaser acknowledges that it has not relied on any representation or warranty from the Company or any other Person in making its investment or decision to invest in the Company, except as expressly set forth in
this Agreement. 
 3.5 Restrictive Legend. The Purchaser understands that, until such time as a registration statement
covering the Shares and, if applicable, the Price Protection Shares, has been declared effective or the Shares and, if applicable, the Price Protection Shares, may be sold pursuant to Rule 144 under the Securities Act without any restriction as to
the number of securities as of a particular date that can then be immediately sold, the Shares and, if applicable, the Price Protection Shares, shall bear a restrictive legend in substantially the following form (and a stop-transfer order may be
placed against transfer of the certificates for the Shares or the Price Protection Shares): 
 “THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT,
OR AN OPINION OF COUNSEL, IN FORM, SUBSTANCE AND SCOPE REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.” 

3.6 Sufficient Funds. The Purchaser has sufficient funds to consummate the purchase of the Shares. 

ARTICLE IV 

COVENANTS 

4.1 Efforts. At and from time to time after the Closing, at the request of any party hereto, the other party shall execute and
deliver such additional certificates, instruments, and other documents and take such other actions as such party may reasonably request in order to carry out the purposes of this Agreement. 

4.2 Injunctive Relief. Each party acknowledges that any breach or threatened breach of the provisions of Section 4.4
of this Agreement will cause irreparable injury to the other party for which an adequate monetary remedy does not exist. Accordingly, in the event of any such 

  
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breach or threatened breach, the non-breaching party shall be entitled, in addition to the exercise of other remedies, to seek and (subject to court approval) obtain injunctive relief, without
necessity of posting a bond, restraining the breaching party from committing such breach or threatened breach. The right provided under this Section 4.2 shall be in addition to, and not in lieu of, any other rights and remedies available
to the parties. 
 4.3 Covenants. Each party hereto shall promptly inform the other party of any communication from any
Governmental Entity regarding any of the transactions contemplated by this Agreement. If any party or affiliate thereof receives a request for additional information or documentary material from any such Governmental Entity in respect of the
transactions contemplated hereby, then such party will endeavor in good faith to make, or cause to be made, as soon as reasonably practicable and after consultation with the other party, an appropriate response in compliance with such request.

 4.4 Price Protection Share Right. Each Purchaser and its respective transferees who are Eligible Persons (as defined
below) shall have the right to receive Price Protection Shares, subject to the terms and conditions of this Section 4.4: 
 (a) If the Average Trading Price (as defined below) is less than One Dollar Forty Cents ($1.40), each Eligible Person will have the right to receive, and the Company shall issue to each Eligible Person on
the tenth (10th) Business Day after the first
anniversary of the date hereof (the “Price Protection Share Issuance Date”), for no consideration, a number of Price Protection Shares equal to the Additional Shares. 
 “Additional Shares” means the number of shares equal to a fraction, (a) the numerator of which is (I) the product of (w) the number of Shares held by such Eligible
Person as of the first anniversary of the date hereof (the “Eligible Shares”), and (x) $1.40, minus (II) the product of (y) such number of Eligible Shares and (z) the Average Trading Price; and
(b) the denominator of which is the Average Trading Price. 
 (b) “Average Trading Price” shall an
amount equal to the volume-weighted average (rounded to the nearest 1/10,000 or if there shall not be a nearest 1/10,000, to the next highest 1/10,000) of the daily volume-weighted average price of a share of Common Stock on any national securities
exchange on which the Common Stock is listed (as reported by Bloomberg Financial Markets), for each of the twenty (20) consecutive trading days ending on the last trading day prior to the first anniversary of the date hereof. 

(c) “Eligible Person” means each Purchaser or a Person to whom a Purchaser (or another Eligible Person) sells,
offers to sell, assigns, pledges, hypothecates or otherwise transfers (each such transaction, a “Transfer”) any Shares in a private placement transaction that does not involve a sale to the public pursuant to a registration
statement, pursuant to Rule 144 or otherwise, provided that such Person agrees in writing to be bound by the terms and provisions of this Agreement and provided further that such Transfer is otherwise in compliance with the terms and
provisions of this Agreement and permitted by federal and state securities laws. 

  
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 (d) Each Eligible Person will only be entitled to receive Price Protection Shares, if any,
to the extent such Eligible Person holds Eligible Shares. No Shares shall qualify as Eligible Shares if any Eligible Person has requested the removal of the restrictive legend to be placed on such Shares pursuant to Section 3.5.

 (e) No certificates or scrip representing fractional shares of Common Stock shall be issued to any Eligible Person entitled
to receive Price Protection Shares. In lieu of such fractional share interests, the Company shall pay to each Eligible Person an amount in cash equal to the product obtained by multiplying (i) the fractional share interest to which such holder
(after taking into account all Price Protection Shares to be received by such holder) would otherwise be entitled by (ii) the Average Trading Price. 
 (f) From the Closing Date through the Price Protection Share Issuance Date, the Company will at all times keep a sufficient number of shares of Common Stock reserved for issuance pursuant to the Price
Protection Share Right provided for in this Agreement. 
 (g) Notwithstanding anything in this Agreement to the contrary, the
aggregate number of Price Protection Shares shall not exceed One Million Two Hundred and Fifty Thousand (1,250,000). In the event the aggregate number of Price Protection Shares would otherwise exceed One Million Two Hundred and Fifty Thousand
(1,250,000), each Eligible Person will have the right to receive, and the Company shall issue to each Eligible Person, in accordance with the terms of this Section 4.4, such Eligible Person’s pro rata portion (according to the
number of Eligible Shares held by such Eligible Person) One Million Two Hundred and Fifty Thousand (1,250,000) Price Protection Shares. 
 (h) The number of Price Protection Shares to be issued pursuant to this Agreement (including the maximum number of Price Protection Shares set forth in Section 4.4(g)) shall be adjusted to the
extent appropriate to reflect the effect of any stock split, division or subdivision of shares, stock dividend, reverse stock split, consolidation of shares, reclassification, recapitalization or other similar transaction with respect to shares of
Common Stock occurring or having a record date on or after the date of this Agreement and prior to the Price Protection Share Issuance Date. 
 4.5 Lock-Up Agreement. Except in connection with a Change of Control (as defined below), the Purchasers shall not, without prior written approval of the Company, directly or indirectly, sell, offer
or agree to sell, contract to sell, grant any option for the sale of, make any short sale, pledge, or enter into any hedging transaction that could result in a transfer of, or otherwise dispose of the Shares for a period commencing as of the Closing
Date and ending on the nine (9) month anniversary of the Closing Date. For purposes of this Agreement, a “Change of Control” shall mean (x) the consummation of any of the following transactions: (i) the sale, lease,
exchange, conveyance or other disposition of all or substantially all of the Company’s property or business, (ii) the merger of the Company into or its consolidation with any other entity in which the Company is not the surviving entity
(other than a wholly-owned subsidiary of the Company) or (iii) any transaction (including a merger or other reorganization) or series of related transactions, in which more than 50% of the voting power of the Company is disposed of; or
(y) individuals who, immediately after giving effect to the Closing, constitute the Board (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the Board,

  
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provided that any person becoming a director subsequent to such date, whose election or nomination for election was approved by a vote of at least a majority of the Incumbent Directors then on
the Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director) shall be an Incumbent Director. 

4.6 Nasdaq Matters. The Company shall comply with all requirements of the National Association of Securities Dealers, Inc. with
respect to the issuance of the Common Shares and, if applicable, the Price Protection Shares. The Company shall take all necessary actions, including without limitation, complying with all requirements of the National Association of Securities
Dealers, Inc. and providing appropriate notice to NASDAQ with respect to the Common Shares in order to obtain the listing of the Shares and, if applicable, the Price Protection Shares, on the NASDAQ Stock Market as soon as reasonably practicable.

 4.7 Notification of Transfer. From the Closing Date through the first anniversary of the Closing Date, the Purchasers
shall provide the Company with written notification of any Transfer of Shares held by such Purchasers within three (3) Business Days of such Transfer. Notwithstanding anything to the contrary, any such Transfer must be in compliance with the
provisions of Section 4.5 hereof. 
 4.8 Piggy-Back Registration Rights. Promptly, but in any event within
five (5) Business Days following the Closing Date, the Company and the Purchasers shall enter into an agreement, in a form mutually agreed upon by the Company and the Purchasers and on terms previously discussed by the parties, granting the
Purchasers “piggy-back” registration rights with respect to the Shares. 
 4.9 Public Announcements. The
Company and the Purchasers will consult with each other and will mutually agree (the agreement of each party not to be unreasonably withheld) upon the content and timing of any press release or other public statement in respect of the transactions
contemplated hereby and shall not issue any such press release or make any such public statement prior to such consultation and agreement, except as may be required by applicable law. 

ARTICLE V 

INDEMNIFICATION 
 5.1 Survival. The representations and warranties contained herein or in any certificate or other writing delivered pursuant hereto or in connection herewith shall survive the Closing until the
eighteen (18) month anniversary of the Closing and any investigation or finding made by or on behalf of a Purchaser or the Company; provided that the representations and warranties in Sections 2.1, 2.2, 2.3, and
2.4 shall survive indefinitely or until the latest date permitted by law. The covenants and agreements contained herein or in any certificate or other writing delivered pursuant hereto or in connection herewith shall survive the Closing
indefinitely or for the shorter period explicitly specified herein or therein. Notwithstanding the preceding sentences, any breach of representation, warranty, covenant or agreement in respect of which indemnity may be sought under this Agreement
shall survive the time at which it would otherwise terminate pursuant to the preceding sentences, if written notice of the inaccuracy or breach thereof giving rise to such right of indemnity shall have been given to the party against whom such
indemnity may be sought prior to such time. 

  
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 5.2 Limits on Claims. The parties’ indemnification obligations under this
Agreement shall be subject to the following: 
 (a) Neither party shall have any obligation to indemnify or hold harmless the
other party unless, and only to the extent that, the aggregate amount of Losses (as defined in Section 5.3) incurred by the such other party exceeds $50,000, in which event the obligated party shall be required to pay or be liable for
all such Losses from the first dollar; and 
 (b) Neither party shall have any obligation to make indemnification payments
hereunder that exceed in the aggregate $5,000,000. 
 In determining the foregoing thresholds and in otherwise determining the amount of any
Losses for which a party is entitled to assert a claim for indemnification hereunder, the amount of any such Losses shall be determined disregarding any materiality or similar qualifiers contained in this Agreement or in any other certificate or
writing delivered pursuant to this Agreement. 
 5.3 Indemnification by the Company. From and after the Closing Date,
subject to any applicable limitations set forth in Section 5.1 and Section 5.2, the Company shall indemnify and hold each Purchaser and its affiliates, and their respective officers, directors, stockholders, partners,
managers, members, employees, agents, and representatives (collectively, the “Purchaser Indemnified Parties”) harmless from and against all claims, liabilities, obligations, costs, damages, losses and expenses (including reasonable
attorneys fees) of any nature (each a “Loss” and collectively, “Losses”) arising out of or relating to any breach or violation of the representations, warranties, covenants or agreements of the Company set forth in
this Agreement or in any other certificate or writing delivered by the Company pursuant to this Agreement (in each case disregarding for this purpose any materiality, Material Adverse Effect or similar qualifiers contained herein or therein).

 5.4 Indemnification by the Purchasers. From and after the Closing Date, subject to any applicable limitations set
forth in Section 5.1 and Section 5.2, each Purchaser, severally and not jointly and severally, shall indemnify and hold the Company and its affiliates, and their respective officers, directors, stockholders, partners,
managers, members, employees, agents, and representatives (the “Company Indemnified Parties”) harmless from and against all Losses arising out of or relating to any breach or violation of the representations, warranties, covenants
or agreements of such Purchaser set forth in this Agreement or in any other certificate or document delivered by such Purchaser pursuant to this Agreement (in each case disregarding for this purpose any materiality or similar qualifiers contained
herein or therein). 
 5.5 Procedure for Indemnification. Any party making a claim for indemnification hereunder shall
promptly notify the indemnifying party of the claim in writing, describing the claim in reasonable detail, the amount thereof, and the basis therefor; provided, however, that the failure to provide prompt notice shall not relieve the
indemnifying party of its indemnification obligations hereunder, except to the extent that the indemnifying party is actually prejudiced by the failure to give such prompt notice. The party from whom indemnification is sought shall

  
 -14-

 
respond to each such claim within thirty (30) days of receipt of such notice. No action shall be taken pursuant to the provisions of this Agreement or otherwise by the party seeking
indemnification until the later of (i) the expiration of the 30-day response period (unless reasonably necessary to protect the rights of the party seeking indemnification), or (ii) 30 days following the termination of the 30-day response
period if a response, received within such 30 day period by the party seeking indemnification, requests an opportunity to cure the matter giving rise to indemnification (and, in such event, the amount of such claim for indemnification shall be
reduced to the extent so cured). 
 5.6 Remedies Exclusive. Subject to Section 4.2 hereof and except with
respect to the assertion of any claim based on fraud, the remedies provided in this Article V shall be the exclusive remedies of the parties hereto after the Closing in connection with the transactions contemplated by this Agreement,
including without limitation any breach or non-performance of any representation, warranty, covenant or agreement contained herein or in any other certificate or document delivered pursuant to this Agreement. Subject to Section 4.2
hereof and except with respect to the assertion of any claim based on fraud, after the Closing, no party may commence any suit, action or proceeding against any other party hereto with respect to the subject matter of this Agreement, whether in
contract, tort or otherwise, except to enforce such party’s express rights under this Article V. No officer, director, employee or agent of the Company shall be personally liable in any manner or to any extent (whether in contract or
tort) under or in connection with this Agreement. The limitation of liability provided in this Section 5.6 is in addition to, and not in limitation of, any limitation on liability applicable to any such person provided by law or by this
Agreement or any other contract, agreement or instrument. 
 5.7 Right of Set-Off. If the indemnifying party has not
satisfied in cash any indemnification obligation owed by them hereunder, the party seeking indemnification may, at its discretion, satisfy the unpaid portion of such obligation by, to the extent permitted by law, setting-off against any amounts due
and owing from the party seeking indemnification to the indemnifying party. 
 ARTICLE VI 

MISCELLANEOUS 
 6.1 Broker’s Fee. Each of the parties hereto hereby represents to the other that, on the basis of any actions and agreements by it, there are no brokers or finders entitled to compensation in
connection with the sale of the Shares to the Purchasers other than Crews & Associates, which compensation shall be borne by the Company and shall be paid upon the Closing. 

6.2 Assignment. This Agreement and the rights and obligations hereunder shall not be assigned, delegated, or otherwise transferred
(whether by operation of law, by contract, or otherwise) without the prior written consent of the other party hereto; provided, however, that each Purchaser may, without obtaining the prior written consent of the Company, assign, delegate, or
otherwise transfer its rights and obligations hereunder to any Affiliate of such Purchaser who is an “accredited investor” as set forth in Section 3.1 and agrees to be bound by the terms and conditions of this Agreement. The
Company shall execute such acknowledgements of such assignments and collateral assignments in such forms as a Purchaser may from time to 

  
 -15-

 
time reasonably request. Any attempted assignment, delegation, or transfer in violation of this Section 6.2 shall be void and of no force or effect. “Affiliate”
means, in respect of any Person, any other Person that is directly or indirectly controlling, controlled by, or under common control with such Person or any of its Subsidiaries, and the term “control” (including the terms “controlled
by” and “under common control with”) means having, directly or indirectly, the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities or by contract or
otherwise. 
 6.3 Expenses. (a) The legal, accounting, financing, due diligence and other costs and expenses
incurred by the Purchasers in connection with the transactions contemplated hereby will be borne by the Purchasers and (b) the legal and other costs and expenses incurred by the Company in connection with the transactions contemplated hereby
will be borne by the Company. 
 6.4 Notices. All notices, requests, consents and other communications hereunder shall be
in writing, shall be mailed by first-class registered or certified airmail, facsimile (with receipt confirmed by telephone) or nationally recognized overnight express courier postage prepaid, and shall be deemed given when so mailed and shall be
delivered as addressed as follows: 
  

	 	(a)	if to the Company, to: 

Revolution Lighting Technologies, Inc. 
 177 Broad Street 
 Stamford, CT 06901 

			
	Facsimile:	  	(704) 405 - 0422
	Attention:	  	Chief Executive Officer

 with copies to: 
 Lowenstein Sandler LLP 
 1251 Avenue of the America, 17th Floor 

New York, NY 10020 

			
	Facsimile:	  	(973) 535-3357
	Attention:	  	Marita A. Makinen, Esq.

 or to such other person at such other place as the Company shall designate to the Purchasers in writing;
and 
  

	 	(b)	if to the Purchasers, to: 

 c/o
American Money Management Corp. 
 301 East Fourth Street 

Cincinnati, Ohio 45202 

			
	Facsimile:	  	(513) 579-2911
	Attention:	  	Joseph A. Haverkamp

  
 -16-

 with a copy to: 
 c/o American Financial Group, Inc. 
 27th Floor 

301 East Fourth Street 
 Cincinnati, Ohio 45202 

			
	Facsimile:	  	(513) 352-9272
	Attention:	  	Mark A. Weiss

 or at such other address as may have been furnished to the Company in writing. 

6.5 Changes. This Agreement may not be modified or amended except pursuant to an instrument in writing signed by the Company and
the Purchasers. 
 6.6 Headings. The headings of the various Sections of this Agreement have been inserted for
convenience of reference only and shall not be deemed to be part of this Agreement. 
 6.7 Severability. In case any
provision contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby.

 6.8 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York, without giving effect to the principles of conflicts of laws. 
 6.9 Counterparts. This Agreement may be executed
in two or more counterparts, each of which shall constitute an original, but all of which, when taken together, shall constitute but one instrument, and shall become effective when one or more counterparts have been signed by each party hereto and
delivered to the other parties. The submission of a signature page transmitted by facsimile (or other electronic transmission, including pdf) shall be considered as an “original” signature page for purposes of this Agreement. 

6.10 Entire Agreement. This Agreement, the Schedules and the other agreements, documents and instruments contemplated hereby and
referenced herein contain the entire understanding of the parties, and there are no further or other agreements or understanding, written or oral, in effect between the parties relating to the subject matter hereof. 

6.11 No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective
successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other person (other than the Purchaser Indemnified Parties and the Company Indemnified Parties). 

[Signatures appear on following page.] 

  
 -17-

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

					
	COMPANY:
	
	REVOLUTION LIGHTING TECHNOLOGIES, INC.
		
	By	 	 /s/ Robert V. LaPenta

		 	Name:	 	Robert V. LaPenta
		 	Title:	 	Chief Executive Officer
	
	PURCHASERS:
	
	GREAT AMERICAN LIFE INSURANCE COMPANY
		
	By	 	 /s/ Mark F. Muething

		 	Name:	 	Mark F. Muething
		 	Title:	 	Executive Vice President
	
	GREAT AMERICAN INSURANCE COMPANY
		
	By	 	 /s/ Stephen C. Beraha

		 	Name:	 	Stephen C. Beraha
		 	Title:	 	Assistant Vice President

 [Signature Page to Investment Agreement]

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