Document:

Form of Option Holder Acknowledgement and Agreement

 Exhibit 4.3 

BRIGHTROLL, INC. 

OPTION HOLDER ACKNOWLEDGEMENT AND AGREEMENT 

As you know, BrightRoll, Inc. (“BrightRoll” or the “Company”) has entered into an Agreement and Plan of Merger with Yahoo!
Inc. (“Yahoo”) and certain other parties thereto, dated November 10, 2014 (the “Merger Agreement”), which will result in BrightRoll becoming a wholly-owned subsidiary of Yahoo (the “Merger”).
The Merger is expected to close as early as December 19, 2014, subject to customary closing conditions, but could close sooner or later than such date (the actual time for consummation of the Merger, the “Effective Time”). 

What follows is a description of the treatment in the Merger of outstanding options to purchase BrightRoll common stock (“Company Options”)
granted under BrightRoll’s Amended and Restated 2006 Stock Option/Stock Issuance Plan, as in effect from time to time (the “Plan”). Please read this document carefully. Additionally, and in order to timely process and deliver
any cash payments to you and to timely process any assumption by Yahoo of Company Options held by you following the Effective Time, please sign and return this Acknowledgement and Agreement to Nikhil Matani of Gunderson Dettmer by email or using
the enclosed return fax cover sheet as soon as possible but in no event later than December 9, 2014. 
 General Background on the Merger
Consideration and Indemnification Obligations 
 Based on an estimated closing date of December 19, 2014, holders of Company common stock
(“Company Stockholders”) will receive approximately $10.79 per share in consideration for their shares in the Merger (the “Per Share Amount”); however, this number is only an estimate and the actual per share
consideration received by Company Stockholders could be higher or lower. 
 Not all of the Per Share Amount will be distributed to Company Stockholders
on or immediately following the Effective Time. A portion of the aggregate Merger consideration will be withheld by Yahoo and deposited with an escrow agent (the “Escrow Amount”) in order to secure Yahoo’s rights of
indemnification and recovery for, among other things, breach of the representations, warranties, covenants and agreements in the Merger Agreement and any failure to achieve certain third party contract amendments following the Effective Time prior
to the deadlines set forth therefor in the Merger Agreement. An additional portion of the aggregate Merger consideration will be withheld by Yahoo and deposited with an escrow agent (the “Representative Fund Amount”) in order to
fund the expenses of Shareholder Representative Services LLC (the “Representative”) in connection with the performance of its duties under the Merger Agreement and the escrow agreement related thereto. Holders of vested Company
Options who become entitled to receive a cash-out payment in connection with the cancellation of their Company Options (as discussed below) will contribute to the Escrow Amount and the Representative Fund Amount pro-rata based on the amount of the
aggregate Merger consideration that such individual is otherwise entitled to receive relative to all other holders of Company equity interests. Each holder’s pro-rata share of the Escrow Amount and the Representative Fund Amount will be paid to
him or her (less applicable withholding taxes) if and 

  
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to the extent such amounts are released and not otherwise distributed to Yahoo in accordance with the Merger Agreement and such escrow agreement or used by the Representative, as applicable, at
the same time that such escrow amounts are released to all holders of Company equity interests subject to the escrow. Assuming there are no then-pending or unresolved indemnification claims, the term of the escrow with respect to the Escrow Amount
is generally 16 months following the closing of the Merger, but early releases of portions of the Escrow Amount to holders of Company equity interests are possible beginning as early as the 10th month following the closing of the Merger if,
following the Effective Time, certain amendments of the Company’s third party contracts are obtained within deadlines specified therefor in the Merger Agreement (each actual date of release, an “Escrow Release Date”). 

In certain circumstances, the Merger Agreement provides that Yahoo may be able to seek indemnification from holders of Company equity interests, including
vested Company Options in excess of the Escrow Amount. In these circumstances, the maximum amount payable by any such holder would be equal to the amount of the total Merger consideration received by such holder. Notwithstanding the foregoing, there
is no limit on the damages Yahoo can seek to recover from any holder of Company equity interests in connection with such holder’s own fraud, willful breach or intentional misrepresentation or fraud, willful breach or intentional
misrepresentation by or on behalf of the Company or one of its subsidiaries that such holder participated in or had actual knowledge of. These provisions are described in detail in Article 9 of the Merger Agreement. 

By timely signing and returning this Acknowledgement and Agreement, you understand, acknowledge and agree to the treatment of your Vested Options as described
above, and as further specified in the Merger Agreement. Copies of the Merger Agreement are on file with the Company and are available for your review upon request should you desire to understand in greater detail the specific terms and conditions
that apply, in particular to the Escrow Amount and the Representative Fund Amount, under the Merger Agreement. 
 Treatment of Company Options

 Vested Company Options 

If You Do Not Wish to Exercise Your Vested Company Options Prior to Effective Time 

Yahoo will not assume any Company Options or any portion of any Company Options that are vested as of the Effective Time (“Vested Options”).
The Merger Agreement provides that each unexercised Vested Option outstanding as of the Effective Time will be cancelled and converted into the right to receive (less all applicable withholding taxes and subject to your execution of the letter of
transmittal described below): 
  

	 	•	 	Promptly After the Effective Time: an amount in cash equal to the Per Share Amount multiplied by the number of shares of Company common stock subject to such Vested Options minus (a) the aggregate
exercise price of all shares subject to such Vested Options and (b) the pro rata share of the Escrow Amount and the Representative Fund Amount, to be paid as promptly as practicable after the Effective Time, and 

  
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	 	•	 	Promptly After Each Applicable Escrow Release Date: an additional cash amount (if any) equal to the portion (if any) of the pro rata share of the Escrow Amount and Representative Fund Amount required to be
released from the escrow funds on such Escrow Release Date, in each case, as, when and if such disbursements are required to be made in accordance with the Merger Agreement. 

No payment will be made with respect to (i) any Vested Option with a per share exercise price that equals or exceeds the amount of the Per Share Amount
or (ii) any Company Option (or portion thereof) that is not a Vested Option at the Effective Time. 
 To facilitate the payments in respect of your
Vested Options, you will need to complete a letter of transmittal and other ancillary documents. All payments in respect of Vested Options will be reduced by all applicable withholding taxes (which may include previously uncollected tax withholding
arising in connection with your prior exercises of Company Options, if any). Tax withholding will apply only when payments are made to you, either at, or shortly after, the Effective Time, or when funds are released to you from the escrow funds. For
U.S. taxpayers, please note that payments received in exchange for the cancellation of Vested Options constitute ordinary income (in the case of current and former employees, subject to income and employment tax withholding) regardless of whether
the Vested Option was intended to be an incentive stock option or nonstatutory stock option under federal tax laws. Similarly, for holders of Vested Options in Canada and the United Kingdom (“U.K.”), payments received in exchange
for the cancellation of Vested Options will be subject to income tax1 and social insurance contributions,2 which will be withheld from the
payments. 
 If You Wish to Exercise Your Vested Company Options Prior to the Effective Time 

You may choose to exercise your Vested Options prior to the Effective Time. If you wish to so exercise, please complete the exercise process on
the Option Admin website no later than 12 PM, Pacific Time, December 8, 2014. No exercises of Company Options will be permitted after 12 PM, Pacific Time, December 8, 2014 and your completed option paperwork and
payment must be received by that time. To exercise your Vested Options, you must provide Option Admin with a completed exercise notice and pay the aggregate exercise price and any applicable withholding taxes applicable to the Vested Options
you are exercising, in cash, by the above date. If you exercise your Vested Options, you will be a Company Stockholder at the Effective Time and therefore a portion of the Merger consideration that you would otherwise receive for your shares will be
held back from you for contribution to the Escrow Amount and Representative Fund Amount, as described above. 
  

	1	In Canada, if the Company Options qualify for favorable tax treatment, 50% of the cash payment may be excluded when computing the amount subject to income tax. For Quebec provincial tax purposes, only 25% of the income
is excludable. Generally, stock options will qualify for such treatment if (i) the exercise price is equal to or greater than the fair market value of the shares at the time the options were granted, and (ii) the shares to be acquired
pursuant to the options are considered “prescribed” shares, which are generally common shares with no offensive buyback provision. BrightRoll and Yahoo believe that the Company Options should qualify for such treatment and will withhold
and report on the cash payment accordingly. 

	2	In Canada, the social insurance contributions consist of Canada Pension Plan (or Quebec Pension Plan, if applicable) contributions, to the extent the applicable contribution ceilings have not already been reached based
on other income received during the year. No Employment Insurance (“EI”) contributions will be due. 

 In the U.K.,
the social insurance contributions consist of national insurance contributions. 

  
 3 

 Exercising Incentive Stock Options: If you exercise Vested Options that are intended to
qualify as “incentive stock options” (“Vested ISOs”) under U.S. federal tax law, the aggregate amount of the Per Share Amount payable for the underlying shares (including the full amount of the Escrow Amount and
Representative Fund Amount potentially payable with respect to those shares) minus the aggregate exercise price applicable to those shares (such difference, the “Vested Spread”) will be reported as ordinary income to you for U.S.
federal income tax purposes. None of the Vested Spread reported to you as ordinary income in connection with your exercise of Vested ISOs will be subject to income or employment tax withholdings by the Company or Yahoo under applicable U.S. federal
tax law. You will be responsible for such taxes. Please note that you should consult your own tax adviser to understand the tax consequences if you choose not to exercise your Vested ISOs. 

Exercising Nonstatutory Stock Options: If you exercise Vested Options that do not qualify as incentive stock options and are instead
considered “nonstatutory stock options” for U.S. federal income tax purposes (“Vested NSOs”), the Vested Spread will be reported to you, if you are a U.S. taxpayer, as ordinary income. The full amount so reported will be
subject to all applicable income and employment tax withholdings. Similarly, if you are subject to tax in Canada or the U.K. and you exercise Vested NSOs (or Vested ISOs, if such options were granted to you), the Vested Spread will be subject to
income tax3 and social insurance contributions.4 

Please note that if your Vested Options remain outstanding at the Effective Time, they will automatically be cancelled and converted into the right to
receive the cash payments described above. EXCEPT AS NOTED IN THE NEXT PARAGRAPH, YOU DO NOT NEED TO EXERCISE YOUR VESTED OPTIONS IN ORDER TO RECEIVE THE CASH PAYMENTS DESCRIBED ABOVE. 

If your Vested Options will expire prior to the Effective Time or you otherwise want to exercise your Vested Options prior to the Effective Time, please
contact Option Admin as soon as possible to make the appropriate arrangements. The Company will not process option exercises after 12 PM, Pacific Time, December 8, 2014 and your completed option paperwork and payment must be received by that
time. 
 Unvested Company Options 

Yahoo will assume all Company Options (or portions thereof) that are outstanding and unvested as of the Effective Time and are held by a Continuing
Employee (each, an “Assumed Option”). A “Continuing Employee” is someone who is an employee of the Company or one of its 

 

	3	In Canada, if the Company Options qualify for favorable tax treatment (as described in footnote 1 above), 50% of the Vested Spread may be excluded when computing the amount subject to income tax. For Quebec provincial
income tax purposes, only 25% of the Vested Spread may be excluded. 

	4	In Canada, Canada Pension Plan (or Quebec Pension Plan, if applicable) contributions will be due on the Vested Spread (to the extent applicable contribution ceilings have not otherwise been reached). No EI contributions
will be due. 

 In the U.K., national insurance contributions will be due on the Vested Spread. 

  
 4 

 subsidiaries who will continue as an employee of Yahoo or one of its subsidiaries (including BrightRoll and its
subsidiaries) immediately following the Effective Time. Each Assumed Option will become an option to purchase a number of shares of Yahoo common stock equal to the product (rounded down to the next whole number of shares of Yahoo common stock) of
(A) the number of shares of Company common stock that would have been issuable upon exercise of the unvested Company Options or the unvested portions of Company Options, as applicable, immediately prior to the Effective Time and (B) the
Equity Exchange Ratio. Each Assumed Option will have a per share exercise price for the shares of Yahoo common stock payable upon exercise of the Assumed Option equal to the quotient (rounded up to the nearest whole cent) obtained by dividing the
exercise price per share of Company common stock at which such unvested Assumed Option was exercisable immediately prior to the Effective Time by the Equity Exchange Ratio. For these purposes, the “Equity Exchange Ratio” is defined
in the Merger Agreement and is calculated by dividing the Per Share Amount by the average per share closing trading price on the Nasdaq Global Select Market for Yahoo’s common stock for the twenty consecutive trading days ending on (and
including) the date that is two trading days prior to the Effective Time. 
 Please note that except as described above and below, any Assumed Options will
otherwise continue to have and be subject to the same terms and conditions (including, if applicable, the vesting arrangements and other terms set forth in the Plan and applicable option agreement) as are in place immediately prior to the Effective
Time. Please note the following: 
  

	 	•	 	Assumed Options will be administered by Yahoo or its duly appointed delegate (currently Yahoo’s Compensation and Leadership Development Committee of its board of directors). 

 

	 	•	 	No Assumed Option will have an “early exercise feature” (which means that you will not be able to exercise an Assumed Option for unvested shares). 

 

	 	•	 	Each Assumed Option will be treated for U.S. tax purposes as a nonstatutory stock option, even if at the time such option was granted, it was intended for it to qualify as an incentive stock option under U.S. federal
tax laws. 

  

	 	•	 	Events that may give rise to adjustments as provided in Section V.C of the Plan shall also include, without limitation, any dividend of property and any extraordinary cash dividend. 

 

	 	•	 	Each Assumed Option may only be exercised (to the extent vested) through a third-party administrator determined by Yahoo (currently E*Trade). 

 

	 	•	 	Upon exercise of an Assumed Option, applicable taxes (including social insurance and similar contributions) will be withheld via a method determined by Yahoo in accordance with applicable law. 

 

	 	•	 	Upon exercise of an Assumed Option, share certificates will not be issued. 

 Yahoo will not assume any Company
Options that are outstanding and unvested as of the Effective Time and that are held by a Non-Continuing Employee. A “Non-Continuing Employee” includes anyone who will not continue employment with the Company or one of its
subsidiaries or will not become an employee of Yahoo or one of its subsidiaries immediately after, and as a result of, the Effective Time. Unvested Company Options held by Non-Continuing Employees will be cancelled at the Effective Time, without
consideration, pursuant to the terms of the Plan. 

  
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 The tax information in this Acknowledgement and Agreement is summary information only and is given for your
reference. You agree that the Company and its affiliates and successors are not providing and have not provided you with any tax or financial advice with respect to your Company Options and that you are relying solely on your own tax and other
advisers in making any decisions regarding your Company Options. We encourage you to timely consult your own tax and financial advisers on these matters. 

*   *   * 

  
 6 

 Please indicate your acceptance of the terms and conditions described above by signing and returning this
Acknowledgement and Agreement to Nikhil Matani of Gunderson Dettmer by email by December 9, 2014. You must sign and return this Acknowledgement and Agreement in order to receive Assumed Options with respect to your unvested Company Options
and to receive the payments described above related to your Vested Options. 
 If you have any questions regarding this notice, the Merger or the
transactions contemplated thereby, please contact Monique Ho of the Company via email. Please note that if the Merger is not consummated, you will not be eligible to receive any of the payments or Assumed Options described in this Acknowledgement
and Agreement, and your Company Options will remain outstanding in accordance with their terms. 
  

			
	 Very truly yours,
  

BRIGHTROLL, INC.

		
	 By: 
	 	 
		 	 Name: Tod Sacerdoti

		 	 Title: Chief Executive Officer

  
 7 

 Acknowledgement: 

In signing below, I acknowledge and agree to the treatment of my Company Options as described above. I acknowledge and agree that Yahoo is relying on this
Acknowledgment and Agreement in consummating the transactions contemplated by the Merger Agreement. 
 In the event the Merger does not close, this
Acknowledgment and Agreement will be without force or effect. 
 Acknowledged and agreed to on December
            , 2014. Optionee: 
  

	
	Signature
	
	
	Print Name

  
 8DY Q2 FY 2015 10Q EX 4.1

Exhibit 4.1

SEVENTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of January 24, 2015, among Fiber Technologies Solutions, LLC., a Delaware limited liability company (the “Guaranteeing Subsidiary”), a subsidiary of Dycom Investments, Inc., a Delaware corporation (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Company and the other Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of January 21, 2011 (the “Indenture”), providing for the issuance of 7.125% Senior Subordinated Notes due 2021 (the “Notes”); 
WHEREAS, the Indenture provides that under certain circumstances a Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which such Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); 
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture;
WHEREAS, this Supplemental Indenture has been duly authorized by all necessary corporate action on the part of the Company; and
WHEREAS, the Company has directed the Trustee to execute and deliver this Supplemental Indenture in accordance with Section 9.01 of the Indenture. 
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1.    CAPITALIZED TERMS.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.    AGREEMENT TO GUARANTEE.  The Guaranteeing Subsidiary hereby, jointly and severally, agrees to unconditionally guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 11 thereof.

3.    NO RECOURSE AGAINST OTHERS.  No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or the Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.  Each Holder of the Notes by accepting a Note waives and releases all such liability.  The waiver and release are part of the consideration for issuance of the Notes.  Such waiver may not be effective to waive liabilities 

under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.

4.    NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

5.    COUNTERPARTS.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

6.    EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.

7.    THE TRUSTEE.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company.

[SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.
	
			
	FIBER TECHNOLOGIES SOLUTIONS, LLC

	 
	

	

	By:
	/s/ H. Andrew DeFerrari

	 
	Name: H. Andrew DeFerrari

	 
	Title:   Treasurer

	
			
	DYCOM INVESTMENTS, INC.

	 
	

	

	By:
	/s/ H. Andrew DeFerrari

	 
	Name: H. Andrew DeFerrari

	 
	Title:   Treasurer

	
			
	ANSCO & ASSOCIATES, LLC

	APEX DIGITAL, LLC

	BLAIR PARK SERVICES, LLC

	BROADBAND EXPRESS, LLC

	BROADBAND INSTALLATION SERVICES, LLC

	C-2 UTILITY CONTRACTORS, LLC

	CABLE CONNECTORS, LLC

	CABLECOM, LLC

	CABLECOM OF CALIFORNIA, INC.

	CAN-AM COMMUNICATIONS, INC.

	CAVO BROADBAND COMMUNICATIONS, LLC

	CCLC, INC.

	CERTUSVIEW LEASING, LLC

	CMI SERVICES, INC.

	COMMUNICATION SERVICES, LLC

	COMMUNICATIONS CONSTRUCTION GROUP, LLC

	DYCOM CAPITAL MANAGEMENT, INC.

	DYCOM CORPORATE IDENTITY, INC.

	DYCOM IDENTITY, LLC

	E A TECHNICAL SERVICES, INC.

	ENGINEERING ASSOCIATES, INC.

	ERVIN CABLE CONSTRUCTION, LLC

	GLOBE COMMUNICATIONS, LLC

	GOLDEN STATE UTILITY CO.

	IVY H. SMITH COMPANY, LLC

	KANAAN COMMUNICATIONS, LLC

	LAMBERT’S CABLE SPLICING COMPANY, LLC

	LOCATING, INC.

	NEOCOM SOLUTIONS, INC.

	NEOCOM SOLUTIONS HOLDINGS, LLC

	NICHOLS CONSTRUCTION, LLC

	NIELS FUGAL SONS COMPANY, LLC

	NORTH SKY COMMUNICATIONS, INC.

	PARKSIDE SITE & UTILITY COMPANY CORPORATION

	PARKSIDE UTILITY CONSTRUCTION, LLC

	PAULEY CONSTRUCTION INC.

	PBG ACQUISITION III, LLC

	POINT TO POINT COMMUNICATIONS, INC.

	PRECISION VALLEY COMMUNICATIONS OF VERMONT, LLC

	PRINCE TELECOM, LLC

	PROFESSIONAL TELECONCEPTS, INC.

	PROFESSIONAL TELECONCEPTS, INC.

	RJE TELECOM, LLC

	SAGE TELECOMMUNICATIONS CORP. OF COLORADO, LLC

	SPECTRUM WIRELESS SOLUTIONS, INC.

	 

	
			
	STAR CONSTRUCTION, LLC

	STEVENS COMMUNICATIONS, LLC

	S.T.S., LLC

	TCS COMMUNICATIONS, LLC

	TESINC, LLC

	TJADER & HIGHSTROM UTILITY SERVICES, LLC

	TRAWICK CONSTRUCTION COMPANY, INC.

	TRIPLE-D COMMUNICATIONS, LLC

	U G T I

	UNDERGROUND SPECIALTIES, LLC

	UTILIQUEST, LLC

	VCI CONSTRUCTION, INC.

	VCI UTILITY SERVICES HOLDINGS, LLC

	WHITE MOUNTAIN CABLE CONSTRUCTION, LLC

	 
	 
	 

	 
	 
	 

	By:
	/s/ H. Andrew DeFerrari
	 

	 
	Name: H. Andrew DeFerrari
	 

	 
	Title:   Treasurer
	 

	
			
	MIDTOWN EXPRESS, LLC

	 
	 
	 

	By:
	/s/ William P. Healy
	 

	 
	Name: William P. Healy
	 

	 
	Title:    President
	 

	
			
	OSP SERVICES, LLC

	 
	 
	 

	By:
	/s/ Marvin M. Glaser
	 

	 
	Name: Marvin M. Glaser
	 

	 
	Title:   President
	 

	
			
	VCI UTILITY SERVICES, INC.

	

	

	 

	By:
	/s/ Frank G. Madera
	 

	

	Name: Frank G. Madera
	 

	

	Title:   President
	 

	
			
	DYCOM INDUSTRIES, INC.

	 
	 
	 

	By:
	/s/ H. Andrew DeFerrari

	 
	Name: H. Andrew DeFerrari

	 
	Title:   Senior Vice President and Chief Financial Officer  

	
			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee

	 
	 
	 

	By:
	/s/ Stephanie Cox

	 
	Authorized Signatory

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