Document:

CANADA and UK 

SUBSCRIPTION FOR COMMON SHARES

 

TO:                  Edge Resources Inc. (the "Corporation")

The undersigned (the "Subscriber") hereby irrevocably subscribes for and agrees to purchase the number of common shares in the capital of the Corporation (each, a "Common Share") set forth below for the aggregate subscription price ("Aggregate Subscription Amount") set forth below, representing a subscription price of Cdn. $0.22 per Common Share, upon and subject to the terms and conditions set forth in "Terms and Conditions of Subscription for Common Shares of Edge Resources Inc." attached hereto (together with this page and attached Schedules, the "Subscription Agreement").  In addition to this face page, the Subscriber must also complete all applicable schedules attached hereto.

 

	
  

	  	
Aggregate Subscription Amount:  $ _____________

	
Full Legal Name of Subscriber (please print)

	  	  
	  	  	  
	
By:

	  	  	
Number of Common Shares: ___________________________

	  	
Signature of Subscriber or its Authorized Representative

	  	  
	  	  	  
	
  

	  	
Disclosed Beneficial Purchaser Information:

	
Official Title or Capacity (please print)

	  	
If the Subscriber is signing as agent for a principal and is not deemed to be purchasing as principal pursuant to NI 45-106 (as defined herein) by virtue of being either (i) a trust company or trust corporation acting on behalf of a fully managed account managed by the trust company or trust corporation or, (ii) a person acting on behalf of a fully managed account managed by it, and in each case satisfying the criteria set forth in NI 45-106, complete the following and ensure that, if applicable, Schedule A, and in any event, Schedule B, is completed in respect of such principal:

 

	  	  
	
  

	  
	
Name of Signatory (please print name of individual whose signature appears above if different than name of Subscriber)

	  
	  	  
	  	  
	
Subscriber's Address (including postal code)

	  
	  	  
	  	  
	 	 
	
  

	  
	  	  	
  

	
Telephone Number (including area code)

	  	
(Name of Principal)

	  	  	  
	
  

	  	
  

	
e-mail Address

	  	
(Principal's address)

	  	  	  
	  	  	
  

	  	  	  
	  	  	
  

	  	  	
(Telephone Number)

	
(E-mail Address)

	  	  	  
	
Register the Common Shares (if different from address given above) as follows:

	  	
Deliver the Common Shares (if different from address given above) as follows:

	  	  	  
	
  

	  	
  

	
Name

	  	
Name

	  	  	  
	
  

	  	
  

	
Account reference, if applicable

	  	
Account reference, if applicable

	  	  	  
	
  

	  	
  

	
Address (including postal code)

	  	
Contact Name

	  	  	  
	
  

	  	
  

	  	  	
Address (including postal code)

	
  

	  	  
	  	  	
  

	  	  	
Telephone Number (including area code)

 

ACCEPTANCE:  The Corporation hereby accepts the subscription as set forth above on the terms and conditions contained in this Subscription Agreement.

 

	
EDGE RESOURCES INC.

	
 _______________, 2010           

	
Per:

	  	  	
    No.:

 

This is the first page of an agreement comprised of 11 pages (excluding the Schedules hereto).

  

 

  

	
Edge Resources Inc.

	
Page 2 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

 

PLEASE MAKE SURE THAT YOUR SUBSCRIPTION INCLUDES:

	
1.

	
a signed copy of this Subscription Agreement;

 

	
2.

	
a certified cheque or bank draft in an amount equal to the Aggregate Subscription Amount, payable to "TingleMerrett LLP, in trust" or a wire transfer to:

 

	
Intermediary Bank:

	
National Bank of Canada

	  	
301 – 6th Avenue S.W.

	  	
Calgary, Alberta T2P 4M9

	  	  
	
Swift Code:

	
BNDCCAMMINT

	
Transit No.:

	
14051

	
Institution No.:

	
006

	
Account No.:

	
1295727

	
BNF field or SWIFT field:

	
TingleMerrett LLP in Trust

	  	
Suite 1250, 639 – 5th Avenue S.W.

	  	
Calgary, Alberta T2P 0M9

 

	
3.

	
if purchasing Common Shares as an "accredited investor", one (1) properly completed and duly executed copy of the Representation Letter in the form attached as Schedule "A" to this Subscription Agreement.

 

	
4.

	
one (1) properly completed and duly executed copy of the Private Placement Questionnaire in the form attached as Schedule "B" to this Subscription Agreement; and

 

	
5.

	
if the Subscriber is not an individual and (a) will hold more than 5% of the Issuer’s issued and outstanding Common Shares on a upon completion of the Private Placement; or (b) are subscribing for more than 25% of the Private Placement, one manually signed and duly completed Corporate Placee Registration Form in the form required by the TSX Venture Exchange and as attached as Schedule "C" to this Subscription Agreement, provided that such form is not required if the Subscriber has previously filed a Corporate Placee Registration Form with the TSX Venture Exchange and the information contained in such form has not changed since the last filing.

 

PLEASE DELIVER YOUR SUBSCRIPTION TO:

TingleMerrett LLP

1250, 639 – 5th Avenue S.W.

Calgary, Alberta  T2P 0M9

Fax: (403) 571-8008

Attention: Scott Reeves

sreeves@tinglemerrett.com

  

 

  

	
Edge Resources Inc.

	
Page 3 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

TERMS AND CONDITIONS OF SUBSCRIPTION FOR

COMMON SHARES OF EDGE RESOURCES INC.

	
  

	
1.

	
Definitions.  In this Subscription Agreement:

 

	
  

	
(a)

	
"Aggregate Subscription Amount" has the meaning set forth on the face page hereof;

 

	
  

	
(b)

	
"Closing Date" means December 15, 2010 or such earlier or later date(s) as the Corporation may determine;

 

	
  

	
(c)

	
"Common Shares" means common shares in the capital of the Corporation;

 

	
  

	
(d)

	
"Corporation" means Edge Resources Inc., a corporation continued under the Business Corporations Act (Alberta);

 

	
  

	
(e)

	
"Flow-Through Shares" means common shares in the capital of the Corporation to be issued on a "flow-through" basis; and

 

	
  

	
(f)

	
"Offering" shall have the meaning ascribed thereto in paragraph 2(b) hereof.

 

	
  

	
2.

	
Acknowledgements of the Subscriber. The Subscriber acknowledges (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) that:

 

	
  

	
(a)

	
this subscription is subject to rejection or acceptance by the Corporation in whole or in part, and is effective only upon acceptance by the Corporation;

 

	
  

	
(b)

	
the Common Shares subscribed for by the Subscriber hereunder form part of a larger issue and sale by the Corporation of Flow-Through Shares at a subscription price of $0.30 per Flow-Through Share and Common Shares at a subscription price of $0.22 per Common Share (the "Offering");

 

	
  

	
(c)

	
the Corporation may pay to eligible persons a finder’s fee as follows: (i) a cash commission of up to 7% of the gross proceeds from the sale of securities under the Offering, and (ii) finder warrants as is equal to up to 7% of the aggregate number of securities sold pursuant to the Offering, with each finder warrant entitling the holder thereof to acquire one Common Share at a price of $0.22 per Common Share for a period of 12 months from the Closing Date

 

	
  

	
(d)

	
the Subscriber is responsible for obtaining such legal advice as it considers appropriate in connection with the execution, delivery and performance by it of this Subscription Agreement;

 

	
  

	
(e)

	
there is no government or other insurance scheme covering the Common Shares; and

 

	
  

	
(f)

	
there are risks associated with an investment in the Common Shares and, as a result, the Subscriber may lose its entire investment.

 

	
  

	
3.

	
Representations, Warranties and Covenants of the Subscriber.  By executing this Subscription Agreement, the Subscriber (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) represents, warrants and covenants to the Corporation and its counsel (and acknowledges that the Corporation and its counsel are relying thereon) that:

 

	
  

	
(a)

	
if the Subscriber is an individual, the Subscriber is of the full age of majority in the jurisdiction in which this Subscription Agreement is executed and is legally competent to execute and deliver this Subscription Agreement, to perform all of its obligations hereunder, and to undertake all actions required of the Subscriber hereunder;

 

	
  

	
(b)

	
if the Subscriber is not an individual, the Subscriber has the requisite power, authority, legal capacity and competence to execute and deliver and be bound by this Subscription Agreement, to perform all of its obligations hereunder, and to undertake all actions required of the Subscriber hereunder, and all necessary approvals of its directors, partners, shareholders, trustees or otherwise with respect to such matters have been given or obtained;

 

	
  

	
(c)

	
if the Subscriber is a body corporate, partnership, unincorporated association or other entity, the Subscriber has been duly incorporated or created and is validly subsisting under the laws of its jurisdiction of incorporation or creation;

 

	
  

	
(d)

	
if the Subscriber is not an individual, the Subscriber pre-existed the Offering and has a bona fide business other than the investment in the Common Shares and was not created or used solely to purchase or hold securities as an accredited investor as described in paragraph (m) of the definition of "accredited investor" in Schedule "A" hereto;

 

  

 

  

	
Edge Resources Inc.

	
Page 4 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

	
  

	
(e)

	
this Subscription Agreement has been duly and validly authorized, executed and delivered by, and constitutes a legal, valid, binding and enforceable obligation of, the Subscriber;

 

	
  

	
(f)

	
if the Subscriber is acting as agent or trustee for a disclosed principal, the Subscriber is duly authorized to execute and deliver this Subscription Agreement and all other necessary documents in connection with such subscription on behalf of such disclosed principal, each of whom is purchasing as principal for its own account, not for the benefit of any other person, and not with a view to the resale or distribution of all or any of the Common Shares, and this Subscription Agreement has been duly authorized, executed and delivered by or on behalf of, and constitutes a legal, valid, binding and enforceable obligation of, such disclosed principal;

 

	
  

	
(g)

	
the execution, delivery and performance by the Subscriber of this Subscription Agreement and the completion of the transactions contemplated hereby do not and will not result in a violation of any law, regulation, order or ruling applicable to the Subscriber, and do not and will not constitute a breach of or default under any of the Subscriber's constating documents (if the Subscriber is not an individual) or any agreement or covenant to which the Subscriber is a party or by which it is bound;

 

	
  

	
(h)

	
the Subscriber confirms that the Subscriber (and, if the Subscriber is not purchasing as principal, each beneficial purchaser for whom the Subscriber is acting):

 

	
  

	
(i)

	
has such knowledge in financial and business affairs as to be capable of evaluating the merits and risks of its investment in the Common Shares;

 

	
  

	
(ii)

	
is capable of assessing the proposed investment in the Common Shares as a result of the Subscriber's own experience or as a result of advice received from a person registered under applicable securities legislation;

 

	
  

	
(iii)

	
is aware of the characteristics of the Common Shares and the risks relating to an investment therein; and

 

	
  

	
(iv)

	
is able to bear the economic risk of loss of its investment in the Common Shares;

 

	
  

	
(i)

	
the Subscriber understands that no securities commission, stock exchange, governmental agency, regulatory body or similar authority has made any finding or determination or expressed any opinion with respect to the merits of investing in the Common Shares;

 

	
  

	
(j)

	
the Subscriber acknowledges that no prospectus has been filed by the Corporation with any securities commission or similar regulatory authority in any jurisdiction in connection with the issuance of the Common Shares and the issuance is exempted from the prospectus requirements available under the provisions of applicable securities laws and as a result:

 

	
  

	
(i)

	
the Subscriber is restricted from using some of the civil remedies otherwise available under applicable securities laws;

 

	
  

	
(ii)

	
the Subscriber will not receive information that would otherwise be required to be provided to it under applicable securities laws; and

 

	
  

	
(iii)

	
the Corporation is relieved from certain obligations that would otherwise apply under applicable securities laws;

 

	
  

	
(k)

	
the Subscriber confirms that neither the Corporation, nor any of its representative directors, employees, officers, agents, representatives or affiliates, have made any representations (written or oral) to the Subscriber:

 

	
  

	
(i)

	
regarding the future value of the Common Shares;

 

	
  

	
(ii)

	
that any person will resell or repurchase the Common Shares; or

 

	
  

	
(iii)

	
that any person will refund the purchase price of the Common Shares other than as provided in this Subscription Agreement;

 

  

 

  

	
Edge Resources Inc.

	
Page 5 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

	
  

	
(l)

	
the Subscriber confirms that it has been advised to consult its own legal and financial advisors with respect to the suitability of the Common Shares as an investment for the Subscriber, the tax consequences of purchasing and dealing with the Common Shares, and the resale restrictions and "hold periods" to which the Common Shares are or may be subject under applicable securities legislation or stock exchange rules, and has not relied upon any statements made by or purporting to have been made on behalf of the Corporation with respect to such suitability, tax consequences, and resale restrictions;

 

	
  

	
(m)

	
except for the Subscriber's knowledge regarding its subscription for Common Shares hereunder, the Subscriber has no knowledge of a "material fact" or a "material change" (as those terms are defined in the Securities Act (Alberta)) in the affairs of the Corporation that has not been generally disclosed;

 

	
  

	
(n)

	
the Subscriber is resident in the jurisdiction indicated on the face page of this Subscription Agreement as the "Subscriber's Address" and the purchase by and sale to the Subscriber of the Common Shares, and any act, solicitation, conduct or negotiation directly or indirectly in furtherance of such purchase and sale (whether with or with respect to the Subscriber or any beneficial purchaser) has occurred only in such jurisdiction;

 

	
  

	
(o)

	
the Subscriber acknowledges that it and/or the Corporation may be required to provide applicable securities regulatory authorities or stock exchanges with information concerning the identities of the beneficial purchasers of the Common Shares and the Subscriber agrees that, notwithstanding that the Subscriber may be purchasing the Common Shares as agent for an undisclosed principal, the Subscriber will provide to the Corporation, on request, particulars as to the identity of such undisclosed principal as may be required by the Corporation in order to comply with the foregoing;

 

	
  

	
(p)

	
unless the Subscriber satisfies Section 3(q), the Subscriber satisfies one of subsections (i) or (ii) below:

 

	
  

	
(i)

	
it is purchasing the Common Shares as principal (or is deemed to be purchasing as principal) for its own account, not for the benefit of any other person, and not with a view to the resale or distribution of all or any of the Common Shares and the Subscriber is an "accredited investor" as defined in National Instrument 45-106 entitled Prospectus and Registration Exemptions ("NI 45-106") and Regulation 45-106 Respecting Prospectus and Registration Exemptions ("Regulation 45-106") (which definition is reproduced in the Exhibit to Schedule "A" attached hereto) and the Subscriber has executed and delivered to the Corporation a Representation Letter in the form attached hereto as Schedule "A" indicating that the Subscriber fits within one of the categories of "accredited investor" set forth in such definition; OR

 

	
  

	
(ii)

	
if the Subscriber is not purchasing the Common Shares as a principal (or as a deemed principal pursuant to NI 45-106 or Regulation 45-106) under Section 3(p)(i) hereof, it is duly authorized to enter into this Subscription Agreement and to execute and deliver all documentation in connection with the purchase on behalf of each beneficial purchaser, each of whom is purchasing as principal for its own account, not for the benefit of any other person, for investment only and not with a view to the resale or distribution of all or any of the Common Shares, it acknowledges that the Corporation is required by law to disclose to certain regulatory authorities the identity of each beneficial purchaser of Common Shares for whom it may be acting, it and each beneficial purchaser is resident in the jurisdiction set out as the "Subscriber's Address" on the face page hereof, and each beneficial purchaser complies with Section 3(p)(i) hereof by virtue of its place of residence or by virtue of the securities laws of such place being applicable to the Subscriber; OR

 

	
  

	
(iii)

	
if it is a resident of the United Kingdom, it certifies that it is a non-resident of Alberta and it complies with the provisions of sub-paragraph 3(p) of this Subscription Agreement as if it were a resident of Alberta and it is a person of the kind described in Article 19 of the Financial Services Act, 2000 (Financial Promotion) Order 2001, as amended, and is a person whose ordinary activities involve it in acquiring, holding, managing or disposing of investments (as principal or agent) for the purpose of its business; OR

 

  

 

  

	
Edge Resources Inc.

	
Page 6 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

	
  

	
(q)

	
if the Subscriber does not comply with the criteria set forth in paragraph 3(p) above, (a) the purchase of the Common Shares does not contravene any of the applicable securities laws in the Subscriber's jurisdiction of residence and does not trigger (i) any obligation to prepare and file a prospectus, an offering memorandum or similar document, or any other ongoing reporting requirements with respect to such purchase or otherwise, or (ii) any registration or other obligation on the part of the Corporation; (b) the Subscriber's purchase of Common Shares hereunder would, if completed, be made pursuant to an exemption from the prospectus and registration requirements under applicable securities legislation and the Subscriber will deliver to the Corporation such further particulars of the exemption(s) and evidence of the Subscriber's qualifications thereunder as the Corporation may request; and (c) the Subscriber and the beneficial purchaser comply with the provisions of Section 3(p)(i) or 3(p)(ii) as if they were residents of Ontario;

 

	
  

	
(r)

	
the Subscriber understands that it may not be able to resell the Common Shares except in accordance with limited exemptions available under applicable securities legislation, regulatory policy and stock exchange rules, and that the Subscriber is solely responsible for (and the Corporation is not in any way responsible for) the Subscriber's compliance with applicable resale restrictions;

 

	
  

	
(s)

	
the Subscriber understands that the sale of the Common Shares is conditional upon such sale being exempt from the requirements to file and obtain a receipt for a prospectus or to deliver an offering memorandum, and the requirement to sell securities through a registered dealer, or upon the issuance of such orders, consents or approvals as may be required to enable such sale to be made without complying with such requirements, and that as a consequence of acquiring the Common Shares pursuant to such exemptions, certain protections, rights and remedies provided by applicable securities legislation, including statutory rights of rescission or damages in the event of a misrepresentation will not be available to the Subscriber in connection with the purchase and sale of the Common Shares;

 

	 	
(t)

	
the Subscriber acknowledges that:

 

	 	
(i)

	
no securities commission or similar regulatory authority has reviewed or passed on the merits of the Common Shares;

 

	 	
(ii)

	
there is no government or other insurance covering the Common Shares;

 

	 	
(iii)

	
there are risks associated with the purchase of the Common Shares;

 

	 	
(iv)

	
there are restrictions on the Subscriber's ability to resell the Common Shares and it is the responsibility of the Subscriber to find out what those restrictions are and to comply with them before selling the Common Shares; and

 

	 	
(v)

	
the Corporation has advised the Subscriber that the Corporation is relying on an exemption from the requirements to provide the Subscriber with a prospectus and to sell securities through a person or company registered to sell securities under the Securities Act (Alberta) and other applicable securities laws and, as a consequence of acquiring Common Shares pursuant to this exemption, certain protections, rights and remedies provided by the Securities Act (Alberta) and other applicable securities laws, including statutory rights of rescission or damages, will not be available to the Subscriber;

 

	
  

	
(u)

	
the Subscriber understands that any certificates representing the Common Shares will bear a legend in accordance with applicable securities legislation indicating that the resale of such securities is restricted;

 

	
  

	
(v)

	
the Subscriber has not received or been provided with, nor has it requested, nor does it have any need to receive, any offering memorandum, or any other document (other than the annual financial statements, interim financial statements or any other document (excluding offering memoranda, prospectuses or other offering documents) the content of which is prescribed by statute or regulation) describing the business and affairs of the Corporation, which has been prepared for delivery to and review by prospective purchasers in order to assist them in making an investment decision in respect of the purchase of Common Shares pursuant to the Offering;

 

	
  

	
(w)

	
the Subscriber has not become aware of any advertisement in printed media of general and regular paid circulation or on radio, television or other form of telecommunication or any other form of advertisement (including electronic display or the Internet) or sales literature with respect to the distribution of the Common Shares;

 

  

 

  

	
Edge Resources Inc.

	
Page 7 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

	
  

	
(x)

	
the Subscriber is aware that the Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state and that the Common Shares may not be offered or sold, directly or indirectly, in the United States without registration under the U.S. Securities Act or compliance with requirements of an exemption from registration and it acknowledges that the Corporation has no present intention of filing a registration statement under the U.S. Securities Act in respect of the Common Shares;

 

	
  

	
(y)

	
the Subscriber is not a "U.S. person" (as that term is defined by Regulation S under the U.S. Securities Act, which definition includes, but is not limited to, an individual resident in the United States, an estate or trust of which any executor or administrator or trustee, respectively, is a U.S. Person and any partnership or corporation organized or incorporated under the laws of the United States) and is not acquiring the Common Shares for the account or benefit of a U.S. person or a person in the United States;

 

	
  

	
(z)

	
the Subscriber acknowledges that the Common Shares have not been offered to the Subscriber in the United States, and the individuals making the order to purchase the Common Shares and executing and delivering this Subscription Agreement on behalf of the Subscriber were not in the United States when the order was placed and this Subscription Agreement was executed and delivered;

 

	
  

	
(aa)

	
the Subscriber undertakes and agrees that it will not offer or sell any of the Common Shares in the United States unless such securities are registered under the U.S. Securities Act and the securities laws of all applicable states of the United States, or an exemption from such registration requirements is available;

 

	
  

	
(bb)

	
if required by applicable securities legislation, regulations, rules, policies or orders or by any securities commission, stock exchange or other regulatory authority, the Subscriber will execute, deliver, file and otherwise assist the Corporation in filing, such reports, undertakings and other documents with respect to the issue of the Common Shares;

 

	
  

	
(cc)

	
the Subscriber is not the direct or indirect beneficial owner, and does not exercise control or direction over, securities of the Corporation carrying more than 10% of the voting rights attached to all outstanding voting securities of the Corporation;

 

	
  

	
(dd)

	
except as disclosed in writing to the Corporation, the Subscriber does not act jointly or in concert with any other person or company for the purposes of acquiring securities of the Corporation;

 

	
  

	
(ee)

	
the Subscriber is not a "control person" of the Corporation, as that term is defined in the Securities Act (Alberta), will not become a "control person" of the Corporation by purchasing the number of Common Shares subscribed for under this Subscription Agreement and does not intend to act jointly or in concert with any other person to form a control group in respect of the Corporation;

 

	
  

	
(ff)

	
the Subscriber has not relied upon any verbal or written representation as to fact or otherwise made by or on behalf of the Corporation except as expressly set forth herein;

 

	
  

	
(gg)

	
the Subscriber has such knowledge in financial and business affairs as to be capable of evaluating the merits and risks of its investment and it, or, where it is not purchasing as principal, each beneficial purchaser, is able to bear the economic risk of loss of its investment;

 

	
  

	
(hh)

	
the funds representing the Aggregate Subscription Amount which will be advanced by the Subscriber to the Corporation hereunder will not represent proceeds of crime for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (the "PCMLTFA") and the Subscriber acknowledges that the Corporation may in the future be required by law to disclose the Subscriber's name and other information relating to this Subscription Agreement and the Subscriber's subscription hereunder, on a confidential basis, pursuant to the PCMLTFA.  To the best of its knowledge: (i) none of the subscription funds to be provided by the Subscriber: (A) have been or will be derived from or related to any activity that is deemed criminal under the law of Canada, the United States of America, or any other jurisdiction; or (B) are being tendered on behalf of a person or entity who has not been identified to the Subscriber; and (ii) it shall promptly notify the Corporation if the Subscriber discovers that any of such representations ceases to be true, and to provide the Corporation with appropriate information in connection therewith

 

	
  

	
(ii)

	
the Subscriber acknowledges that the Corporation may complete additional financings in the future in order to develop the business of the Corporation and to fund ongoing development.  There is no assurance that such financing will be available and if available, on reasonable terms.  Any such financings may have a dilutive effect on current shareholders, including the Subscriber; and

 

  

 

  

	
Edge Resources Inc.

	
Page 8 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

	
  

	
(jj)

	
the Subscriber acknowledges that an investment in the Common Shares is subject to a number of risk factors.  The Subscriber covenants and agrees to comply with applicable securities legislation concerning the purchase, holding of, and resale of the Common Shares.

 

	
  

	
4.

	
Timeliness of Representations, etc.  The Subscriber agrees (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) that the representations, warranties and covenants of the Subscriber herein will be true and correct both as of the execution of this Subscription Agreement and as of the Closing Time (as defined herein), and will survive the completion of the distribution of the Common Shares and any subsequent disposition by the Subscriber of any of the Common Shares.

 

	
  

	
5.

	
Indemnity.  The Subscriber acknowledges that the Corporation and its counsel are relying upon the representations, warranties and covenants of the Subscriber set forth herein in determining the eligibility (from a securities law perspective) of the Subscriber (or, if applicable, the eligibility of another on whose behalf the Subscriber is contracting hereunder to subscribe for Common Shares) to purchase Common Shares under the Offering, and hereby agrees to indemnify the Corporation and its directors, officers, employees, advisers, affiliates, shareholders and agents (including their respective legal counsel) against all losses, claims, costs, expenses, damages or liabilities that they may suffer or incur as a result of or in connection with their reliance on such representations, warranties and covenants.  The Subscriber undertakes to immediately notify the the Corporation's counsel at TingleMerrett LLP, 1250, 639 – 5th Avenue S.W., Calgary, Alberta T2P 0M9, Attention: Scott Reeves (fax: (403) 571-8008), of any change in any statement or other information relating to the Subscriber set forth herein that occurs prior to the Closing Time.

 

	
  

	
6.

	
Deliveries by Subscriber prior to Closing.  The Subscriber agrees to deliver to the Corporation, or as the Corporation may direct, not later than 5:00 p.m. (Calgary time) on December 13, 2010 or such other date of which the Subscriber receives notice:

 

	
  

	
(a)

	
this duly completed and executed Subscription Agreement;

 

	
  

	
(b)

	
a certified cheque or bank draft made payable to "TingleMerrett LLP in trust" in an amount equal to the Aggregate Subscription Amount, or payment of the same amount in such other manner as is acceptable to the Corporation;

 

	
  

	
(c)

	
a properly completed and duly executed copy of the Representation Letter in the form attached as Schedule "A", if applicable;

 

	
  

	
(d)

	
one manually signed and duly completed Private Placement Questionnaire in the form attached as Schedule "B";

 

	
  

	
(e)

	
if the Subscriber is not an individual, one manually signed and duly completed Corporate Placee Registration Form in the form required by the TSX Venture Exchange and as attached as Schedule "C", provided that such form is not required if the Subscriber has previously filed a Corporate Placee Registration Form with the TSX Venture Exchange and the information contained in such form has not changed since the last filing; and

 

	
  

	
(f)

	
such other documents as may be requested by the Corporation as contemplated by this Subscription Agreement.

 

	
  

	
7.

	
Partial Acceptance or Rejection of Subscription.  The Corporation may, in its absolute discretion, accept or reject the Subscriber's subscription for Common Shares as set forth in this Subscription Agreement, in whole or in part, and the Corporation reserves the right to allot to the Subscriber less than the amount of Common Shares subscribed for under this Subscription Agreement.

 

Notwithstanding the foregoing, the Subscriber acknowledges and agrees that the acceptance of this Subscription Agreement will be conditional upon among other things, the sale of the Common Shares to the Subscriber being exempt from any prospectus and offering memorandum requirements of applicable securities laws.  The Corporation will be deemed to have accepted this Subscription Agreement upon the delivery at Closing of the certificates representing the Common Shares to the Subscriber or upon the direction of the Subscriber in accordance with the provisions hereof.

  

 

  

	
Edge Resources Inc.

	
Page 9 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

 

If this Subscription Agreement is rejected in whole, any certified cheque(s) or bank draft(s) delivered by the Subscriber to the Corporation on account of the Aggregate Subscription Amount for the Common Shares subscribed for will be promptly returned to the Subscriber without interest.  If this Subscription Agreement is accepted only in part, a cheque representing the amount by which the payment delivered by the Subscriber to the Corporation (or its counsel) exceeds the subscription price of the number of Common Shares sold to the Subscriber pursuant to a partial acceptance of this Subscription Agreement will be promptly delivered to the Subscriber without interest.

 

	
  

	
8.

	
Time and Place of Closing.  The sale of the Common Shares will be completed at the offices of TingleMerrett LLP, counsel to the Corporation, in Calgary, Alberta at 10:00 a.m. (Calgary time) or such other time as the Corporation may determine (the "Closing Time") on the Closing Date.  The Corporation reserves the right to close the Offering in multiple tranches, so that one or more closings may occur after the initial closing.

 

	
  

	
9.

	
Subject to Regulatory Approval.  The obligations of the parties hereunder are subject to all required regulatory approvals being obtained.

 

	
  

	
10.

	
Representations and Warranties of the Corporation.  The Corporation hereby represents and warrants to the Subscriber (and acknowledges that the Subscriber is relying thereon) that:

 

	
  

	
(a)

	
the Corporation has the full corporate right, power and authority to execute and deliver this Subscription Agreement and to issue the Common Shares to the Subscriber;

 

	
  

	
(b)

	
the Corporation is duly incorporated and validly subsisting, and is qualified to carry on business in each jurisdiction in respect of which the carrying out of the activities contemplated hereby make such qualification necessary;

 

	
  

	
(c)

	
the Corporation has complied or will comply with all applicable corporate and securities laws in connection with the offer and sale of the Common Shares;

 

	
  

	
(d)

	
upon acceptance by the Corporation, this Subscription Agreement shall constitute a binding obligation of the Corporation enforceable in accordance with its terms subject to applicable bankruptcy, insolvency, reorganization and other laws of general application limiting the enforcement of creditors' rights generally and to the general principles of equity including the fact that specific performance is available only in the discretion of the court; and

 

	
  

	
(e)

	
the execution, delivery and performance of this Subscription Agreement by the Corporation and the issue of the Common Shares to the Subscriber pursuant hereto does not and will not constitute a breach of or default under the constating documents of the Corporation, or any law, regulation, order or ruling applicable to the Corporation, or any agreement to which the Corporation is a party or by which it is bound.

 

	
  

	
11.

	
No Partnership.  Nothing herein shall constitute or be construed to constitute a partnership of any kind whatsoever between the Subscriber and the Corporation.

 

	
  

	
12.

	
Governing Law.  The contract arising out of acceptance of this Subscription Agreement by the Corporation shall be governed by and construed in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable therein.  The parties irrevocably attorn to the exclusive jurisdiction of the courts of the Province of Alberta.

 

	
  

	
13.

	
Time of Essence.  Time shall be of the essence of this Subscription Agreement.

 

	
  

	
14.

	
Entire Agreement.  This Subscription Agreement represents the entire agreement of the parties hereto relating to the subject matter hereof, and there are no representations, covenants or other agreements relating to the subject matter hereof except as stated or referred to herein.

 

	
  

	
15.

	
Facsimile Copies.  The Corporation shall be entitled to rely on delivery of a facsimile copy of executed subscriptions, and acceptance by the Corporation of such facsimile subscriptions shall be legally effective to create a valid and binding agreement between the Subscriber and the Corporation in accordance with the terms hereof.

 

	
  

	
16.

	
Counterpart. This Subscription Agreement may be executed in one or more counterparts each of which so executed shall constitute an original and all of which together shall constitute one and the same agreement.

 

  

 

  

	
Edge Resources Inc.

	
Page 10 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

	
  

	
17.

	
Severability.  The invalidity, illegality or unenforceability of any provision of this Subscription Agreement shall not affect the validity, legality or enforceability of any other provision hereof.

 

	
  

	
18.

	
Survival.  The covenants, representations and warranties contained in this Subscription Agreement shall survive the closing of the transactions contemplated hereby, and shall be binding upon and enure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

 

	
  

	
19.

	
Interpretation.  The headings used in this Subscription Agreement have been inserted for convenience of reference only and shall not affect the meaning or interpretation of this Subscription Agreement or any provision hereof.  In this Subscription Agreement, all references to money amounts are to Canadian dollars.

 

	
  

	
20.

	
Amendment.  Except as otherwise provided herein, this Subscription Agreement may only be amended by the parties hereto in writing.

 

	
  

	
21.

	
Costs.  The Subscriber acknowledges and agrees that all costs incurred by the Subscriber (including any fees and disbursements of any special counsel retained by the Subscriber) relating to the sale of the Common Shares to the Subscriber shall be borne by the Subscriber.

 

	
  

	
22.

	
Withdrawal.  The Subscriber, on its own behalf and, if applicable, on behalf of others for whom it is contracting hereunder, agrees that this subscription is made for valuable consideration and may not be withdrawn, cancelled, terminated or revoked by the Subscriber, on its own behalf and, if applicable, on behalf of others for whom it is contracting hereunder.

 

	
  

	
23.

	
Assignment.  Neither party may assign all or part of its interest in or to this Subscription Agreement without the consent of the other party in writing.

 

	
  

	
24.

	
Language.  The Subscriber acknowledges that it has consented to and requested that all documents evidencing or relating in any way to the sale of the Common Shares be drawn up in the English language only.  Le souscripteur reconnaît par les présentes avoir consenti et exigé que tous les documents faisant foi ou se rapportant de quelque manière à la vente des unités soient rédigés en anglais seulement.

 

PRIVACY NOTICE

 

This Subscription Agreement and the Schedules hereto require the Subscriber to provide certain personal information (respecting the Subscriber and, if applicable, the beneficial purchaser for whom the Subscriber is contracting) to the Corporation.  Such information is being collected by the Corporation for the purposes of completing the Offering, which includes, without limitation, determining the eligibility of the Subscriber or, if applicable, the beneficial purchaser for whom the Subscriber is contracting, to purchase the Common Shares under applicable securities laws, preparing and registering certificates representing the Common Shares to be issued hereunder and completing filings required under applicable securities legislation, regulations, rules, policies or orders or by any stock exchange or securities regulatory authority.

 

In addition, such personal information may be used or disclosed by the Corporation for the purpose of administering the Corporation's relationship with the Subscriber or, if applicable, the beneficial purchaser for whom the Subscriber is contracting.  For example, such personal information may be used by the Corporation to communicate with the Subscriber or, if applicable, the beneficial purchaser for whom the Subscriber is contracting (such as by providing annual or quarterly reports), to prepare tax filings and forms or to comply with its obligations under taxation, securities and other laws (such as maintaining a list of holders of shares).

 

Certain securities commissions have been granted the authority to indirectly collect this personal information pursuant to securities legislation and this personal information is also being collected for the purpose of administration and enforcement of securities legislation.  If it is a resident of or otherwise subject to applicable securities laws of Ontario, the Subscriber acknowledges that it has been notified by the Corporation (a) of the delivery to the Ontario Securities Commission (the "OSC") of the full name, residential address and telephone number of the Subscriber, the number and type of securities purchased, the total purchase price, the exemption relied upon and the date of distribution; (b) that this information is being collected indirectly by the OSC under the authority granted to it in securities legislation; (c) that this information is being collected for the purposes of the administration and enforcement of the securities legislation of Ontario; and (d) that the Administrative Assistant to the Director of Corporate Finance can be contacted at Suite 1903, Box 55, 20 Queen Street West, Toronto, Ontario M5H 3S8 or at (416) 593 8086 regarding any questions about the OSC's indirect collection of this information.

  

 

  

	
Edge Resources Inc.

	
Page 11 of 11

	
Subscription Agreement for Common Shares (Canada)

	  

In connection with the foregoing, the personal information of the Subscriber or, if applicable, the beneficial purchaser for whom the Subscriber is contracting, may be disclosed by the Corporation to: (i)  any stock exchanges or securities regulatory or taxation authorities; (ii) the Corporation's registrar and transfer agent (if applicable), and (iii) any of the other parties involved in the Offering, including legal counsel, and may be included in record books prepared in respect of the Offering.

 

By executing this Subscription Agreement, the Subscriber (on its own behalf and, if applicable, on behalf of the beneficial purchaser for whom it is contracting) hereby consents to the collection, use and disclosure of such personal information.  The Subscriber (on its own behalf and, if applicable, on behalf of the beneficial purchaser for whom it is contracting) also consents to the filing of copies or originals of any of the documents provided to the Corporation by or on behalf of the Subscriber with any securities regulatory authority in relation to the transactions contemplated by this Subscription Agreement.

  

 

  

SCHEDULE "A"

 

 

REPRESENTATION LETTER

 

TO BE COMPLETED BY ACCREDITED INVESTORS

 

	
TO:

	
Edge Resources Inc. (the "Corporation")

In connection with the purchase of common shares in the capital of the Corporation ("Common Shares") by the undersigned subscriber or, if applicable, the principal on whose behalf is purchasing as agent (the "Subscriber", for the purposes of this Schedule "A"), the Subscriber hereby represents, warrants, covenants and certifies to the Corporation (and acknowledges that the Corporation and its counsel are relying thereon) that:

 

	
1.

	
The Subscriber is resident in the jurisdiction described on the face page of this Subscription Agreement;

 

	
2.

	
The Subscriber is purchasing the Common Shares as principal for its own account;

 

	
3.

	
The Subscriber is an "accredited investor" (within the meaning of National Instrument 45-106 and Regulation 45-106) on the basis that the undersigned fits within the category of an "accredited investor" reproduced in the Exhibit to this Representation Letter beside which the undersigned has marked his initials; and

 

	
4.

	
Upon execution of this Schedule "A" by the Subscriber, this Schedule "A" shall be incorporated into and form a part of the Subscription Agreement.

 

	  	  
	  	
Name of Subscriber (please print)

	  	  
	  	
By:

	  
	  	  	
Authorized Signature

	  	  
	  	  
	  	
Official Title or Capacity (please print)

	  	  
	  	  
	  	
Name of Signatory (please print name of individual whose

signature appears above different than name of Subscriber)

 

DATED at _________________________ this ____ day of __________________________, 2010.

 

	  
	
IMPORTANT

	  
	
PLEASE COMPLETE THE EXHIBIT TO THIS REPRESENTATION LETTER BY MARKING

YOUR INITIALS BESIDE THE CATEGORY TO WHICH YOU BELONG

	  

 

  

A-1

  

EXHIBIT TO SCHEDULE "A"

 

TO BE COMPLETED BY ACCREDITED INVESTORS

 

	
PLEASE MARK YOUR INITIALS BESIDE THE CATEGORY TO WHICH YOU BELONG

 

Please complete the Representation Letter to the Corporation by marking your initials beside the category of "accredited investor" to which you belong:

 

Meaning of "Accredited Investor"

 

"Accredited investor" is defined in Section 1.1 of National Instrument 45-106 and Regulation 45-106 to mean any person who fits within any of the following categories at the time of the sale of securities to that person:

 

	
_______

	
(a)

	
a Canadian financial institution, or a bank listed in Schedule III of the Bank Act (Canada),

 

	
_______

	
(b)

	
the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada),

 

	
_______

	
(c)

	
a subsidiary of any person referred to in paragraphs (a) or (b), if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary,

 

	
_______

	
(d)

	
a person registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer, other than a person registered solely as a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador),

 

	
_______

	
(e)

	
an individual registered or formerly registered under the securities legislation of a jurisdiction of Canada as a representative of a person referred to in paragraph (d),

 

	
_______

	
(f)

	
the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly owned entity of the government of Canada or a jurisdiction of Canada,

 

	
_______

	
(g)

	
a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l'île de Montréal or an intermunicipal management board in Québec;

 

	
_______

	
(h)

	
any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government,

 

	
_______

	
(i)

	
a pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada) or a pension commission or similar regulatory authority of a jurisdiction of Canada,

 

	
_______

	
(j)

	
an individual who, either alone or with a spouse, beneficially owns, directly or indirectly, financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000,

 

	
_______

	
(k)

	
an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year,

 

	
_______

	
(l)

	
an individual who, either alone or with a spouse, has net assets of at least $5,000,000;

 

	
_______

	
(m)

	
a person, other than an individual or an investment fund, that has net assets of at least $5,000,000, as shown on its most recently prepared financial statements,

 

	
_______

	
(n)

	
an investment fund that distributes or has distributed its securities only to:

 

	 	
(i) 

	
a person that is or was an accredited investor at the time of the distribution,

 

	
  

	
(ii)

	
a person that acquires or acquired securities in the circumstances referred to in section 2.10 of National Instrument 45-106 and Regulation 45-106 (where the person subscribes for a minimum amount investment) and Section 2.19 of National Instrument 45-106 and Regulation 45-106 (where the person makes an additional investment in investment funds), or

 

  

A-2

  

	
  

	
(iii)

	
a person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 of National Instrument 45-106 and Regulation 45-106 (investment fund reinvestment),

 

	
_______

	
(o)

	
an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Quebec, the securities regulatory authority, has issued a receipt,

 

	
_______

	
(p)

	
a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be,

 

	
_______

	
(q)

	
a person acting on behalf of a fully managed account managed by that person, if that person

 

	
  

	
(i)

	
is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction, and

 

	
  

	
(ii)

	
in Ontario, is purchasing a security that is not a security of an investment fund,

 

	
_______

	
(r)

	
a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded,

 

	
_______

	
(s)

	
an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function,

 

	
_______

	
(t)

	
a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are persons that are accredited investors,

 

	
_______

	
(u)

	
an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser, or

 

	
_______

	
(v)

	
a person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as

 

	 	
(i)

	
an accredited investor, or

 

	
  

	
(ii)

	
an exempt purchaser in Alberta or British Columbia after National Instrument 45-106 and Regulation 45-106 come into force.

 

	  
	
PLEASE MARK YOUR INITIALS BESIDE THE CATEGORY TO WHICH YOU BELONG

	  

Interpretative Aids

 

The following definitions relate to certain of the categories of National Instrument 45-106 and Regulation 45-106 set forth above:

 

	 	
(a)

	
"Canadian financial institution" means:

 

	
  

	
(i)

	
an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or

 

	
  

	
(ii)

	
a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

 

	
  

	
(b)

	
"Canadian securities regulatory authorities" means the securities commissions and similar regulatory authorities of each of the provinces or territories of Canada;

 

  

A-3

  

	
  

	
(c)

	
"eligibility adviser" means:

 

	
  

	
(i)

	
a person that is registered as an investment dealer or in an equivalent category of registration under the securities legislation of the jurisdiction of a purchaser and authorized to give advice with respect to the type of security being distributed; and

 

	
  

	
(ii)

	
in Saskatchewan or Manitoba, also means a lawyer who is a practicing member in good standing with a law society of a jurisdiction of Canada or a public accountant who is a member in good standing of an institute or association of chartered accountants, certified general accountants or certified management accountants in a jurisdiction of Canada provided that the lawyer or public accountant must not:

 

	
  

	
(A)

	
have a professional, business or personal relationship with the issuer, or any of its directors, executive officers, founders, or control persons; and

 

	
  

	
(B)

	
have acted for or been retained personally or otherwise as an employee, executive officer, director, associate or partner of a person that has acted for or been retained by the issuer or any of its directors, executive officers, founders or control persons within the previous 12 months;

 

	
  

	
(d)

	
"EVCC" means an employee venture capital corporation that does not have a restricted constitution, and is registered under Part 2 of the Employee Investment Act (British Columbia), R.S.B.C. 1996 c. 112, and whose business objective is making multiple investments;

 

	
  

	
(e)

	
"financial assets" means:

 

	 	
(i)

	
cash;

 

	 	
(ii)

	
securities; or

 

	
  

	
(iii)

	
a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

 

	
  

	
(f)

	
"foreign jurisdiction" means a country other than Canada or a political subdivision of a country other than Canada;

 

	
  

	
(g)

	
"fully managed account" means an account for which a person or company makes the investment decisions if that person or company has full discretion to trade in securities for the account without requiring the client's express consent to a transaction;

 

	
  

	
(h)

	
"investment fund" means a mutual fund or a non-redeemable investment fund, and, for greater certainty in British Columbia, includes an EVCC and a VCC;

 

	
  

	
(i)

	
"jurisdiction" means a province or territory of Canada;

 

	
  

	
(j)

	
"person" includes:

 

	 	
(i)

	
an individual,

 

	 	
(ii)

	
a corporation,

 

	
  

	
(iii)

	
a partnership, trust, fund and an association, syndicate, organization or other organized group of persons, whether incorporated or not, and

 

	
  

	
(iv)

	
an individual or other person in that person's capacity as a trustee, executor, administrator or personal or other legal representative;

 

	
  

	
(k)

	
"related liabilities" means

 

	
  

	
(i)

	
liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial assets, or

 

	
  

	
(ii)

	
liabilities that are secured by financial assets;

 

	
  

	
(l)

	
"securities legislation" means, for the local jurisdiction, the statute and other instruments issued by the securities regulator authority of the local jurisdiction;

 

	
  

	
(m)

	
"subsidiary" means an issuer that is controlled directly or indirectly by another issuer and includes a subsidiary of that subsidiary; and

 

	
  

	
(n)

	
"VCC" means a venture capital corporation registered under Part 1 of the Small Business Venture Capital Act (British Columbia), R.S.B.C. 1996 c. 429 whose business objective is making multiple investments.

 

All monetary references are in Canadian dollars.

 

  

A-4

  

SCHEDULE "B"

 

FOR COMPLETION BY ALL SUBSCRIBERS

 

INFORMATION REGARDING THE SUBSCRIBER

 

Please check the appropriate box (and complete the required information, if applicable) in each section:

 

	
1.

	
Security Holdings.  The Subscriber and all persons acting jointly and in concert with the Subscriber own, directly or indirectly, or exercises control or direction over (provide additional detail as applicable):

	
  

	
 ̈

	
_________________ common shares of Edge Resources Inc. (the "Corporation") and/or the following other kinds of shares and convertible securities (including but not limited to convertible debt, warrants and options) entitling the Subscriber to acquire additional common shares or other kinds of shares of the Corporation:

 

	  
	  
	  
	  
	  

 

	
  

	
 ̈

	
No shares of the Corporation or securities convertible into shares of the Corporation.

 

	
2.

	
Insider Status.  The Subscriber either:

	
  

	
 ̈

	
Is an "Insider" of the Corporation as defined in the Policies of the TSX Venture Exchange (the "Exchange"), by virtue of being:

 

	
  

	
(a)

	
a director or senior officer of the Corporation;

 

	
  

	
(b)

	
a director or senior officer of a company that is an Insider or subsidiary of the Corporation;

 

	
  

	
(c)

	
a person that beneficially owns or controls, directly or indirectly, voting shares of the Corporation carrying more than 10% of the voting rights attached to all the Issuer's outstanding voting shares;

 

	
  

	
(d)

	
the Corporation itself if it holds any of its own securities.

 

	
  

	
 ̈

	
Is not an Insider of the Corporation.

 

	
3.

	
Pro Group Status.  The Subscriber either:

	
  

	
 ̈

	
Is a Member of the "Pro Group", which is defined in the Rules of the Exchange as either individually or as a group:

 

	
  

	
1.

	
the member (i.e. a member of the Exchange under the Exchange requirements);

 

	
  

	
2.

	
employees of the member;

 

	
  

	
3.

	
partners, officers and directors of the member;

 

	
  

	
4.

	
affiliates of the member; and

 

	
  

	
5.

	
associates of any parties referred to in subparagraphs 1 through 5;

 

	
  

	
 ̈

	
Is not a member of the Pro Group.

 

  

B-1

  

	
4.

	
Corporate Status.  If the Subscriber is a corporation or a portfolio manager (mark one)

	
  

	
(a)

	
 ̈

	
the Subscriber confirms that the Subscriber has filed a Form 4C Corporate Placee Registration Form with the Exchange and the information contained in such form is accurate as at the date hereof; or

 

	
  

	
(b)

	
 ̈

	
the Subscriber has read and duly completed the Form 4C Corporate Placee Registration Form, a copy of which follows this form and is marked as Schedule "C", required by the Exchange and authorizes the Corporation to file the certification with Exchange.

 

	
  

	
Dated at ____________________________, this ____ day of __________________________, 2010.

 

	  	  
	  	
(Name of Subscriber – please print)

	  	  
	  	  
	  	
(Telephone Number of Subscriber)

	  	  
	  	  
	  	
(e-mail address)

	  	  
	  	  
	  	
(Signature of Subscriber or Authorized Signatory, as

applicable)

	  	  
	  	  
	  	
(If applicable, print name of Authorized Signatory and

Office)

 

  

B-2

  

 

SCHEDULE "C"

	  	
FORM 4C

	

 

CORPORATE PLACEE REGISTRATION FORM

 

Where subscribers to a Private Placement are not individuals, the following information about the placee must be provided if such subscribers:

 

	 	
(a)

	
will hold more than 5% of the Issuer’s issued and outstanding Listed Shares on a upon completion of the Private Placement; or

 

	 	
(b)

	
are subscribing for more than 25% of the Private Placement.

 

This Form will remain on file with the Exchange.  The corporation, trust, portfolio manager or other entity (the “Placee”) need only file it on one time basis, and it will be referenced for all subsequent Private Placements in which it participates.  If any of the information provided in this Form changes, the Placee must notify the Exchange prior to participating in further placements with Exchange listed Issuers.  If as a result of the Private Placement, the Placee becomes an Insider of the Issuer, Insiders of the Placee are reminded that they must file a Personal Information Form (2A) or, if applicable, Declarations, with the Exchange.

 

	
1.

	
Placee Information:

 

	
  

	
(a)

	
Name: _____________________________________________________________________________

 

	
  

	
(b)

	
Complete Address: ___________________________________________________________________

__________________________________________________________________________________

 

	
  

	
(c)

	
Jurisdiction of Incorporation or Creation:  __________________________________________________

 

	
2.

	
(a)

	
Is the Placee purchasing securities as a portfolio manager: (Yes/No)? ____________

 

	
  

	
(b)

	
Is the Placee carrying on business as a portfolio manager outside of Canada:

(Yes/No)? ________________

 

	
3.

	
If the answer to 2(b) above was “Yes”, the undersigned certifies that:

 

	
  

	
(a)

	
It is purchasing securities of an Issuer on behalf of managed accounts for which it is making the investment decision to purchase the securities and has full discretion to purchase or sell securities for such accounts without requiring the client’s express consent to a transaction;

 

	
  

	
(b)

	
it carries on the business of managing the investment portfolios of clients through discretionary authority granted by those clients (a “portfolio manager” business) in ____________________ [jurisdiction], and it is permitted by law to carry on a portfolio manager business in that jurisdiction;

 

	
  

	
(c)

	
it was not created solely or primarily for the purpose of purchasing securities of the Issuer;

 

	
  

	
(d)

	
the total asset value of the investment portfolios it manages on behalf of clients is not less than $20,000,000; and

 

	
  

	
(e)

	
it has no reasonable grounds to believe, that any of the directors, senior officers and other insiders of the Issuer, and the persons that carry on investor relations activities for the Issuer has a beneficial interest in any of the managed accounts for which it is purchasing.

 

  

C-1

  

 

	
4.

	
If the answer to 2(a). above was “No”, please provide the names and addresses of Control Persons of the Placee:

 

	
Name *

	  	
City

	  	
Province or State

	  	
Country

	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	  	  	  	  	  	  
	  	
  

	  	
  

	  	
  

	  

	
  

	
*

	
If the Control Person is not an individual, provide the name of the individual that makes the investment decisions on behalf of the Control Person.

 

The undersigned acknowledges that it is bound by the provisions of applicable Securities Law, including provisions concerning the filing of insider reports and reports of acquisitions.

 

	
Dated at  

	  	
 on 

	  

 

	  	  
	  	
(Authorized Signature)

	  	  
	  	  
	  	
(Official Capacity - please print)

	  	  
	  	  
	  	
(Please print name of individual whose signature appears 

above)

Acknowledgement - Personal Information

“Personal Information” means any information about an identifiable individual, and includes information contained in sections 1, 2 and 4, as applicable, of this Form.

 

The undersigned hereby acknowledges and agrees that it has obtained the express written consent of each individual to:

	
(a)

	
the disclosure of Personal Information by the undersigned to the Exchange (as defined in Appendix 6B) pursuant to this Form; and

	
(b)

	
the collection, use and disclosure of Personal Information by the Exchange for the purposes described in Appendix 6B or as otherwise identified by the Exchange, from time to time.

	
Dated at  

	  	
 on 

	  

 

	  	  
	  	
(Name of Purchaser - please print)

	  	  
	  	  
	  	
(Authorized Signature)

	  	  
	  	  
	  	
(Official Capacity - please print)

	  	  
	  	  
	  	
(Please print name of individual whose signature appears 

above)

 

THIS IS NOT A PUBLIC DOCUMENT

 

  

C-2Amended and Restated Stockholders Agreement

 Exhibit 4.2 
 AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 
 OF 

FORUM ENERGY TECHNOLOGIES, INC., 
 A Delaware Corporation 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
	ARTICLE 1. DEFINITIONS AND CONSTRUCTION	  	 	2	  
				
		 	1.1  	  	Definitions	  	 	2	  
		 	1.2  	  	Construction	  	 	6	  
		 	1.3  	  	Stockholders; Capital Stock Subject to Agreement	  	 	6	  
		
	ARTICLE 2. TRANSFER RESTRICTIONS	  	 	7	  
				
		 	2.1  	  	General Rule	  	 	7	  
		 	2.2  	  	Exceptions	  	 	7	  
		 	2.3  	  	Rights of First Refusal	  	 	8	  
		 	2.4  	  	Co-Sale Provisions	  	 	10	  
		 	2.5  	  	Drag-Along Rights	  	 	13	  
		 	2.6  	  	Certain Limitations on Rights of First Refusal and Co-Sale	  	 	15	  
		 	2.7  	  	Conditions to Permitted Transfers; Continued Applicability of Agreement	  	 	15	  
		
	ARTICLE 3. REGISTRATION OF STOCK	  	 	16	  
				
		 	3.1  	  	Registration Rights	  	 	16	  
		
	ARTICLE 4. OTHER MATTERS	  	 	16	  
				
		 	4.1  	  	Corporate Opportunity Matters	  	 	16	  
		 	4.2  	  	VCOC Management Rights; Board Representation	  	 	17	  
		 	4.3  	  	Financial Statements	  	 	17	  
		 	4.4  	  	Confidentiality	  	 	17	  
		
	ARTICLE 5. MISCELLANEOUS	  	 	18	  
				
		 	5.1  	  	Notices	  	 	18	  
		 	5.2  	  	Amendment or Restatement	  	 	18	  
		 	5.3  	  	Binding Effect	  	 	19	  
		 	5.4  	  	Governing Law	  	 	19	  
		 	5.5  	  	Severability	  	 	19	  
		 	5.6  	  	Legends	  	 	19	  
		 	5.7  	  	Counterparts and Effectiveness	  	 	20	  
		 	5.8  	  	Termination	  	 	20	  
		 	5.9  	  	Section Headings	  	 	20	  
		 	5.10	  	Entire Agreement	  	 	20	  
		 	5.11	  	Cumulative Rights	  	 	21	  
		 	5.12	  	Assignment	  	 	21	  
		 	5.13	  	Further Assurances	  	 	21	  
		 	5.14	  	Spouses	  	 	21	  
		 	5.15	  	No SCF Management/Financial Advisory Agreement	  	 	21	  

  

									
		 	Annex 1	  	List of Stockholders and Share Ownership	  			
				
		 	Exhibit A	  	Form of Adoption Agreement	  			
		 	Exhibit B	  	Registration Rights	  			

  
 i 

 AMENDED AND RESTATED STOCKHOLDERS AGREEMENT 

OF 

FORUM ENERGY TECHNOLOGIES, INC. 
 A Delaware Corporation 
 This AMENDED AND RESTATED STOCKHOLDERS AGREEMENT,
dated as of August 2, 2010, is adopted, executed and agreed to, for good and valuable consideration, by and among Forum Energy Technologies, Inc. a Delaware corporation (the “Company”), and the persons listed as
“Stockholders” on the signature pages hereto. 
 RECITALS 

A. The Company was formed as “NuWave Energy Technologies, Inc.” by the filing of that certain Certificate of Incorporation with
the Secretary of State of the State of Delaware dated May 10, 2005. 
 B. The stockholders of the Company prior to the
Combination (as defined below) entered into that certain Stockholders Agreement of NuWave Energy Technologies, Inc. dated as of May 31, 2005 (the “Original Agreement”), setting forth their respective rights and
obligations in connection with their ownership of shares of Common Stock (as defined below) in the Company. 
 C. The Company
changed its name to Forum Oilfield Technologies, Inc. by the filing of that certain Certificate of Amendment to Certificate of Incorporation with the Secretary of State of the State of Delaware dated October 19, 2005. 

D. Pursuant to that certain Combination Agreement dated as of July 16, 2010, the Company, together with Allied Production Services,
Inc. (“Allied”), Global Flow Technologies, Inc. (“Global Flow”), Subsea Services International, Inc. (“Subsea”) and Triton Group Holdings LLC (“Triton”)
effected a combination of the businesses conducted by such Persons and, in connection with such business combination, certain stockholders or members (as the case may be) of Allied, Global Flow, Subsea and Triton became stockholders of the Company
(the “Combination”). 
 E. In connection with the Combination, the stockholders of each of Allied,
Global Flow and Subsea agreed to amend their respective stockholders agreements and the members of Triton agreed to amend the Third Amended and Restated Limited Liability Company Agreement of Triton (each of such former stockholders agreements and
the Triton Third Amended and Restated Limited Liability Company Agreement being referred to herein as a “Former Agreement”) so that each such stockholder and member that is receiving Capital Stock under the terms of the
Combination became subject to this Agreement in lieu of such Former Agreement (collectively, the “New Stockholders”). 
 F. In connection with the Combination, the stockholders of the Company immediately prior to the Combination agreed to amend and restate the Original Agreement in the form of this Agreement and set forth
their respective rights and obligations and the rights and obligations of the New Stockholders in connection with their ownership of the Capital Stock of the Company. 

  
 1 

 G. In connection with the Combination, the Company changed its name to Forum Energy
Technologies, Inc. by the filing of that certain Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware dated of even date herewith. 

H. The Company and the Stockholders desire to restrict the sale, assignment, transfer, encumbrance or other disposition of the shares of
Capital Stock (including as may be issued hereafter), and to provide for certain rights and obligations with respect thereto as hereinafter provided. 
 AGREEMENTS 
 ARTICLE 1. 

DEFINITIONS AND CONSTRUCTION 
 1.1 Definitions. In addition to the terms defined elsewhere herein, when used herein the following terms shall have the meanings indicated: 

“Acceptable Securities” means (i) freely tradable common stock traded on a national securities exchange
registered under Section 6(a) of the Exchange Act of a Person with a market value of its outstanding common stock owned by non-affiliates in excess of $100,000,000 or (ii) debt securities rated by Standard and Poor’s of BB or better
or, if not rated, which the Board believes would be so rated if a rating were requested. 
 “Accredited
Investor” has the meaning set forth for such term in Rule 501 of Regulation D under the Securities Act (but excluding for such purposes Rule 501(a)(4) thereunder), as such rule may be amended, modified or superseded from time to time.

 “Acquisition Proposal” has the meaning set forth in Section 2.3(a). 

“Adoption Agreement” has the meaning set forth in Section 2.7(a). 

“Affiliate” means, with respect to a particular Person, any Person Controlling, Controlled by, or Under Common
Control with such Person. 
 “Agreement” means this Amended and Restated Stockholders Agreement, as it
may be amended and restated from time to time. 
 “Board” means the board of directors of the Company.

 “Business Day” means any day other than a Saturday, a Sunday, or a holiday on which banks are
authorized or required by Law to close in the city of Houston, Texas. 
 “Bylaws” means the Amended and
Restated Bylaws of the Company, as may be amended or restated from time to time in accordance with its terms. 

“Capital Stock” shall mean Common Stock, preferred stock and any other capital stock of the Company, and any
Common Stock Equivalents. 

  
 2 

 “Certificate of Incorporation” means the Second Amended and Restated
Certificate of Incorporation of the Company filed with the Delaware Secretary of State, as may be amended or restated from time to time in accordance with its terms. 
 “Common Stock” means the common stock, par value $0.01 per share, of the Company. 
 “Common Stock Equivalents” means (without duplication with any other Common Stock or Common Stock Equivalents) rights, warrants, options, convertible securities, or exchangeable
securities or indebtedness, or other rights, exercisable for or convertible or exchangeable into, directly or indirectly, Common Stock or securities convertible or exchangeable into Common Stock, whether at the time of issuance or upon the passage
of time or the occurrence of some future event. 
 “Company” has the meaning set forth in the preamble.

 “Company Non-Exercise Event” has the meaning set forth in Section 2.3(b)(ii). 

“Company ROFR Acceptance Deadline” has the meaning set forth in Section 2.3(b)(i). 

“Company ROFR Acceptance Notice” has the meaning set forth in Section 2.3(b)(i). 

“Contractual Management Rights” has the meaning set forth in Section 4.2. 

“Control” (including the correlative terms “Controlling”, “Controlled
by” and “Under Common Control with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or any partnership
or other ownership interest, by contract or otherwise) of a Person. 
 “Co-Sale Notice” has the meaning
set forth in Section 2.4(b). 
 “Co-Sale Shares” has the meaning set forth in
Section 2.4(a). 
 “DGCL” means the General Corporation Law of the State of Delaware and any
successor statute, as amended from time to time. 
 “Drag-Along Notice” has the meaning set forth in
Section 2.5(b). 
 “Dragging Stockholders” has the meaning set forth in
Section 2.5(a). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time. 
 “Fair Market Value” shall mean (i) with respect to shares of common stock, the
average closing price of the common stock in question for the last five trading days with respect to such securities prior to the date of determination and (ii) with respect to debt securities, the principal amount of such debt securities after
giving effect to any discount or premium to par (to the extent such debt securities are traded on a public market and such discount or premium is readily ascertainable). 

  
 3 

 “Ferris” means John William Ferris, an individual residing in the
State of Oklahoma. 
 “Fully-Diluted Common Stock” means, at any time, the then outstanding Common Stock
of the Company plus (without duplication) all shares of Common Stock issuable, whether at such time or upon the passage of time or the occurrence of future events, upon the exercise, conversion or exchange of all then outstanding Common Stock
Equivalents. 
 “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

 “Incentive Plan” means the Forum Energy Technologies, Inc. 2010 Stock Incentive Plan. 

“Independent Director” means a director who would qualify as an “independent director” pursuant to Rule
303A.02 of The New York Stock Exchange Listed Company Manual, as such rule may be amended, modified or superseded from time to time. 
 “Initial Public Offering” means the initial underwritten public offering and sale of Common Stock on a firm commitment basis after which the Common Stock is listed for trading on a
national securities exchange registered under Section 6(a) of the Exchange Act. 
 “Involuntary
Transfer” means a Transfer resulting from the death of a Person, the bankruptcy or insolvency of a Person or the termination of the marital relationship of a Person by divorce or another involuntary Transfer occurring by operation of
Law which the applicable Stockholder was unable to prevent; provided, however, that any Transfer that would otherwise be permitted pursuant to Section 2.2(a) or Section 2.2(d) shall not be deemed an Involuntary
Transfer. 
 “Law” means any applicable constitutional provision, statute, act, code, law, regulation,
rule, ordinance, order, decree, ruling, proclamation, resolution, judgment, decision, declaration, or interpretative or advisory opinion or letter of a governmental authority. 
 “Non-Dragging Stockholders” has the meaning set forth in Section 2.5(a). 
 “Non-SCF Holder” means any Stockholder other than SCF. 

“Original Agreement” has the meaning set forth in the recitals. 

“Participation Offer” has the meaning set forth in Section 2.4(b). 

“Person” means any natural person, limited liability company, corporation, limited partnership, general
partnership, joint stock company, joint venture, association, company, trust, bank trust company, land trust, business trust, or other organization, whether or not a legal entity, and any government or agency or political subdivision thereof.

 “Qualified Public Company” means a Person whose common stock (or depositary receipts or depositary
shares related to common stock or similar ordinary shares) is authorized and approved for listing on a national securities exchange registered under Section 6(a) of the Exchange Act. 

  
 4 

 “Restricted Stock” shall mean any Common Stock granted to employees
of the Company or its subsidiaries that at the time of grant was subject to forfeiture restrictions, whether or not such forfeiture provisions have lapsed, and any Common Stock acquired pursuant to the exercise of stock options granted to employees
of the Company or its subsidiaries. 
 “Restriction” has the meaning set forth in
Section 5.6(b). 
 “ROFR Notice” has the meaning set forth in Section 2.3(a).

 “ROFR Shares” has the meaning set forth in Section 2.3(a). 

“ROFR Transferor” has the meaning set forth in Section 2.3(a). 

“SCF” means SCF-V, L.P., a Delaware limited partnership, SCF-VI, L.P., a Delaware limited partnership, and
SCF-VII, L.P., a Delaware limited partnership, and if any of SCF-V, L.P., SCF-VI, L.P. or SCF-VII, L.P. has Transferred Common Stock or Common Stock Equivalents to one or more of its Affiliates or if any Affiliate of any of SCF-V, L.P., SCF-VI, L.P.
or SCF-VII, L.P. has acquired Common Stock or Common Stock Equivalents from the Company, then in any such case such Affiliates. For purposes of this Agreement, the rights and ownership of SCF shall be calculated on an aggregate basis and shall be
allocated among the SCF funds in accordance with SCF’s internal procedures and processes. 
 “SCF
Designees” has the meaning set forth in Section 4.1. 
 “SCF ROFR Acceptance
Deadline” has the meaning set forth in Section 2.3(b)(ii). 
 “SCF ROFR Acceptance
Notice” has the meaning set forth in Section 2.3(b)(ii). 
 “Schmitz Person”
means any of (i) John D. Schmitz, (ii) Steve Schmitz, (iii) any descendents of the parents of John D. Schmitz and Steve Schmitz, (iv) a spouse, widow, or widower or any of the foregoing individuals, (v) an organization
described in Section 501(c)(3) of the Internal Revenue Code, as amended, (vi) a trust whose sole beneficiaries (other than remote contingent beneficiaries) are one or more of the foregoing individuals or organizations or (vii) an
entity owned or otherwise controlled by one or more of the foregoing individuals, organizations and trusts. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Spouse” has the meaning set forth in Section 5.14. 

“Stockholder” means each person listed as a “Stockholder” on the signature page hereto, any Person that
acquires Common Stock upon exercise of a Warrant and any Person deemed to be a Stockholder pursuant to Section 2.7 hereof. 
 “Sunray” means Sunray Capital, LP. 

  
 5 

 “Sunray Holder” means, collectively, Sunray and any Schmitz Person
that holds or otherwise controls Common Stock or Common Stock Equivalents. 
 “Transfer” (including the
correlative terms “Transfers,” “Transferring” or “Transferred”) means any direct or indirect transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance, or any
other disposition (whether voluntary or involuntary or by operation of Law or by merger, consolidation or otherwise), of shares of Capital Stock (or any interest (pecuniary or otherwise) therein or right thereto), including derivative or similar
transactions or arrangements whereby a portion or all of the economic interest in, or risk of loss or opportunity for gain with respect to, Capital Stock is transferred or shifted to another Person; provided, however, that (a) an
exchange, merger, recapitalization, consolidation or reorganization involving the Company in which securities of the Company or any other Person and/or cash are issued in respect of all shares of Capital Stock shall not be deemed a Transfer if all
shares of Capital Stock are treated identically in any such transaction (other than (i) differences resulting from the treatment of fractional shares that would otherwise result from such transaction, (ii) differences resulting from any
election made by the Stockholders so long as all Stockholders have an equal opportunity to make such an election, (iii) differences in the type (but not approximate value) of consideration received by the Stockholders based upon securities law
considerations and/or (iv) differences resulting from treating one class or series of Capital Stock different than any other class or series of Capital Stock) and (b) the exercise of options in accordance with the terms of the Incentive
Plan shall not be deemed a Transfer. 
 “Warrant” means warrants issued by the Company to purchase
shares of Common Stock. 
 1.2 Construction. All references in this Agreement to Annexes, Exhibits,
Schedules, Articles, Sections, subsections and other subdivisions refer to the corresponding Annexes, Exhibits, Schedules, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles
appearing at the beginning of any Articles, Sections, subsections or other subdivisions of this Agreement are for convenience only, do not constitute any part of this Agreement, and shall be disregarded in construing the language hereof. The words
“this Agreement,” “herein,” “hereby,” “hereunder” and “hereof” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The
words “this Article,” “this Section” and “this subsection” and words of similar import refer only to the Article, Section or subsection hereof in which such words occur. The word “or” is not exclusive, and the
word “including” (in its various forms) means including without limitation. Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender, and words, terms and titles (including terms defined
herein) in the singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. 

1.3 Stockholders; Capital Stock Subject to Agreement. 

(a) The Stockholders of the Company and the number of shares of Capital Stock of the Company held by each are set forth in
Annex 1 as such annex may be amended and updated from time to time. 

  
 6 

 (b) Except as specifically provided otherwise in this Agreement, this Agreement shall extend
and apply to all shares of Capital Stock now owned by each of the Stockholders and to all shares of Capital Stock as may hereafter be acquired by any of the Stockholders (including by merger, consolidation or otherwise), whether such shares
constitute the separate property or community property of any of the individual Stockholders, and regardless of the capacity in which title to such shares is held or taken. This Agreement shall also apply to all shares of Capital Stock to which the
Spouse of any Stockholder is entitled by virtue of any community property or any other Laws. 
 ARTICLE 2. 

TRANSFER RESTRICTIONS 
 2.1 General Rule. No Stockholder may Transfer all or any shares of its Capital Stock unless expressly permitted by Section 2.2. Any attempted Transfer of all or any shares
of Capital Stock, other than in accordance with the terms of this Agreement shall be, and is hereby declared, null and void ab initio. The Stockholders agree that breach of the provisions of this Agreement may cause irreparable injury to the
Company and the Stockholders for which monetary damages (or other remedy at Law) are inadequate in view of (a) the complexities and uncertainties in measuring the actual damages that would be sustained by reason of the failure of a Person to
comply with such provisions and (b) the uniqueness of the Company’s business and the relationship among the Stockholders. Accordingly, the Stockholders agree that the provisions of this Agreement may be enforced by specific performance or
otherwise in a court of equity. Each party to this Agreement hereby waives any requirements for the securing or posting of a bond with respect to such injunctive relief or remedy of specific performance. 

2.2 Exceptions. Notwithstanding Section 2.1 hereof, and in each case subject to compliance with the
provisions of Section 2.7 (if applicable in accordance with its terms): 
 (a) a Non-SCF Holder may Transfer Capital
Stock (other than Restricted Stock) to an Affiliate, a family member or any partnership or trust established for the benefit of such Non-SCF Holder or one or more family members; provided, however, that such transferee must be an
Accredited Investor; 
 (b) a Non-SCF Holder may Transfer Capital Stock in accordance with the provisions of
Section 2.3 [Right of First Refusal]; 
 (c) a Stockholder may Transfer Capital Stock to any Person in accordance
with the provisions of Section 2.4 (if then applicable) [Co-Sale Provisions]; 
 (d) SCF may Transfer Capital Stock
to an Affiliate of SCF; 
 (e) a Stockholder may Transfer Capital Stock in accordance with Section 2.5 [Drag-Along
Rights]; 
 (f) subject to compliance with the provisions of Section 2.3(f), if applicable, a Stockholder may make
an Involuntary Transfer of Capital Stock; 

  
 7 

 (g) a Stockholder may Transfer Common Stock in an underwritten public offering that
constitutes an Initial Public Offering; and 
 (h) Ferris may Transfer Common Stock at any time to any Sunray Holder.

 Notwithstanding the foregoing, a Stockholder may not Transfer Capital Stock to any Person if such Transfer has as a purpose the avoidance of
(or is otherwise undertaken in contemplation of avoiding) the restrictions on Transfer in this Agreement. 

2.3 Rights of First Refusal. 
 (a) Subject to Section 2.6, should any Stockholder desire to effect a Transfer of any shares of its Capital Stock (the “ROFR Shares”) pursuant to a bona fide offer for
cash or Acceptable Securities from another Person (an “Acquisition Proposal”), such Stockholder (the “ROFR Transferor”) shall promptly give notice (the “ROFR Notice”) thereof to
the Company and SCF. The ROFR Notice shall set forth the following information in respect of the proposed Transfer: (i) the name and address of the prospective acquiror, (ii) each Person that Controls the prospective acquiror,
(iii) the number and type of ROFR Shares and (iv) the purchase price. The consideration for any Transfer under this Section 2.3 must be cash and/or Acceptable Securities only. 

(b)(i) The Company shall have an optional preferential right, for a period of 20 days after the receipt by the Company of the ROFR Notice
(the “Company ROFR Acceptance Deadline”), to acquire from the ROFR Transferor, for the per share purchase price set forth in the ROFR Notice, all (but not less than all) of the ROFR Shares, on the terms set forth in this
Section 2.3. Any consideration consisting of Acceptable Securities provided in the Acquisition Proposal shall be valued at its Fair Market Value as of the date of the ROFR Notice, and the Company shall pay the Fair Market Value of such
Acceptable Securities in cash as part of the purchase price for the ROFR Shares in the event it exercises its purchase right hereunder. The Company shall promptly determine the Company ROFR Acceptance Deadline upon its receipt of the ROFR Notice and
shall promptly (within two Business Days of its receipt of the ROFR Notice) give notice thereof and a copy of the ROFR Notice to the ROFR Transferor and SCF. The Company may exercise its right hereunder by giving written notice (the
“Company ROFR Acceptance Notice”) to the ROFR Transferor and SCF, on or before the Company ROFR Acceptance Deadline, of the Company’s election to acquire all (but not less than all) of the ROFR Shares. 

(ii) If the Company provides written notice that it will not exercise its right to purchase the ROFR Shares pursuant to
Section 2.3(b)(i), or if the 20 day period provided in Section 2.3(b)(i) for the Company’s election thereof expires without any such election (such decline or expiration, the “Company Non-Exercise
Event”), then SCF shall have an optional preferential right, for a period of five days after the occurrence of the Company Non-Exercise Event (the “SCF ROFR Acceptance Deadline”), to acquire from the ROFR
Transferor, for the per share purchase price set forth in the ROFR Notice, all (but not less than all) of the ROFR Shares, on the terms set forth in this Section 2.3. Any consideration consisting of Acceptable Securities provided in the
Acquisition Proposal shall be valued at its Fair Market Value as of the date of the ROFR Notice, and SCF shall pay the Fair Market Value of such Acceptable 

  
 8 

 
Securities in cash as part of the purchase price for the ROFR Shares in the event it exercises its purchase right hereunder. SCF may exercise its right hereunder by giving written notice (the
“SCF ROFR Acceptance Notice”) to the ROFR Transferor and to the Company, on or before the SCF ROFR Acceptance Deadline, of SCF’s election to acquire all (but not less than all) of the ROFR Shares. 

(c) The closing of the sale of the ROFR Shares to the Company pursuant to Section 2.3(b)(i) or to SCF pursuant to
Section 2.3(b)(ii) shall be at 9:00 a.m. on the 15th Business Day following the Company ROFR Acceptance Deadline or the SCF ROFR Acceptance Deadline, as applicable, at the Company’s principal office, subject to any delay in the
closing provided for below, unless the ROFR Transferor and the Company or SCF, whichever is the purchaser, otherwise agree. The Company, the ROFR Transferor and SCF shall cooperate in good faith in obtaining all necessary governmental and other
third Person approvals, waivers and consents required for the closing. Any such closing shall be delayed, to the extent required, until the next succeeding Business Day following the expiration of any required waiting periods under the HSR Act and
the obtaining of all necessary governmental approvals. At the closing of any purchase of the ROFR Shares by the Company or SCF, (i) the consideration to be paid in accordance with Section 2.3(b)(i) or Section 2.3(b)(ii),
as applicable, of this Agreement shall be delivered by the Company or SCF, as applicable, to the ROFR Transferor, (ii) if the Company purchases the ROFR Shares pursuant to Section 2.3(b)(i), the ROFR Transferor shall deliver to the
Company certificates representing the ROFR Shares so purchased, accompanied by duly executed stock transfer powers transferring such ROFR Shares to the Company, free and clear of all liens, encumbrances and adverse claims with respect thereto except
for any encumbrances established herein, and (iii) if SCF purchases the ROFR Shares pursuant to Section 2.3(b)(ii), the ROFR Transferor shall deliver to SCF certificates representing the ROFR Shares so purchased, accompanied by duly
executed stock transfer powers transferring such ROFR Shares to SCF, free and clear of all liens, encumbrances and adverse claims with respect thereto except for any encumbrances established herein. The ROFR Transferor shall not be required to make
any representations or warranties in connection with any Transfer of ROFR Shares to the Company or SCF, as applicable, pursuant to this Section 2.3 other than representations and warranties as to (and the ROFR Transferor shall execute an
agreement for the benefit of the Company or SCF, as applicable, providing for representations and warranties as to) (A) such ROFR Transferor’s ownership of the ROFR Shares to be Transferred free and clear of all liens, claims and other
encumbrances other than those arising under this Agreement, the Certificate of Incorporation or the Bylaws, (B) such ROFR Transferor’s power and authority to effect such Transfer and (C) such matters pertaining to compliance with
applicable Law (including securities Laws) as the Company (and SCF, if SCF is the purchaser pursuant to Section 2.3(b)(ii)) may reasonably require. The ROFR Transferor will promptly perform, whether before or after any such closing, such
additional acts (including executing and delivering additional documents) as are reasonably required by the Company or SCF, as applicable, to effect more fully the transactions contemplated by this Section 2.3. 

(d) If, in connection with any Transfer under this Section 2.3, any record date for a distribution on the Capital Stock
subject to the ROFR Notice occurs on or after the date the ROFR Transferor gives the ROFR Notice but prior to the closing of the purchase of any shares of Capital Stock by the Company or SCF, as applicable, pursuant to this Section 2.3,
then the Company or SCF, as applicable, shall be entitled to receive, unless the ROFR Notice specifically 

  
 9 

 
indicated to the contrary, any such distributions or securities, as the case may be, in respect of the Capital Stock that the Company or SCF, as applicable, acquires pursuant to this
Section 2.3, and appropriate documentation shall be delivered at the closing by the ROFR Transferor to evidence the right of the Company or SCF, whichever is the purchaser of the ROFR Shares, to receive such distributions or securities.

 (e) If, after completion of the foregoing procedures under this Section 2.3, neither the Company nor SCF has
subscribed to purchase all of the ROFR Shares, then the ROFR Transferor may, at any time within sixty (60) days after the later to occur of the Company ROFR Acceptance Deadline and, if applicable, the SCF ROFR Acceptance Deadline, Transfer all
(but not less than all) of the ROFR Shares, on terms no more favorable to such transferee than those set forth in the ROFR Notice. After the expiration of such sixty (60) day period, the ROFR Transferor may not Transfer any of the ROFR Shares
described in the ROFR Notice without complying again with the provisions of this Agreement if and to the extent then applicable. 
 (f) If a Non-SCF Holder makes an Involuntary Transfer of Capital Stock, such Non-SCF Holder (or his legal representative, executor or transferee, as the case may be) shall promptly notify the Company and
SCF in writing of such Involuntary Transfer. Such notice shall constitute a ROFR Notice and the Involuntary Transfer shall be treated as a Transfer for purposes of this Section 2.3, and the provisions provided therein shall apply to such
Involuntary Transfer as if it were a Transfer. If such Non-SCF Holder (or his legal representative, executor or transferee, as the case may be) fails to promptly give the required notice of such Involuntary Transfer and if SCF or the Company
nevertheless becomes aware of such Involuntary Transfer, the Company shall be entitled, and SCF shall be entitled to request the Company, to give notice to the applicable transferee of its election to acquire such securities at any time after it
becomes aware of such Involuntary Transfer at a price equal to the fair market value of such securities as determined in good faith by the Board after taking into account all factors the Board believes to be relevant. 

2.4 Co-Sale Provisions. 
 (a) Subject to Section 2.6, any Transfer for value by SCF of Common Stock (the “Co-Sale Shares”) shall be subject to this Section 2.4 other than
(i) any Transfer of shares of Common Stock that does not in the aggregate, when added to all other Transfers by SCF exempted from this Section 2.4 pursuant to this clause (i) in the aggregate, since the date of this Agreement,
represent more than 2% of the Fully-Diluted Common Stock as of the date hereof (appropriately adjusted to give effect to any stock splits, stock dividends, combinations or reclassifications of the Common Stock), (ii) any Transfer pursuant to
clause (d) of Section 2.2, (iii) any Transfer governed by the provisions of Section 2.5 or (iv) any Transfer in an Initial Public Offering. 

(b) In connection with any proposed Transfer that is subject to this Section 2.4, SCF shall give written notice to the
Company, and the Company shall promptly give written notice to each other Stockholder (the “Co-Sale Notice”) at least 15 Business Days prior to any proposed Transfer that is subject to this Section 2.4. The
Co-Sale Notice shall specify the proposed transferee, whether such proposed transferee is willing to purchase Common Stock then held by the Non-SCF Holders and, if so, the maximum number of shares of Common Stock

  
 10 

 
such proposed transferee is willing to purchase from such Non-SCF Holders, the number of Co-Sale Shares to be Transferred by SCF to such proposed transferee, the amount and type of consideration
to be received therefor, the place and date on which the Transfer is expected to be consummated and the terms of the proposed Transfer. The Co-Sale Notice shall include an offer (the “Participation Offer”) by SCF to include
in the proposed Transfer on the terms described in paragraph (c) below a number of shares of Common Stock designated by any Non-SCF Holders, not to exceed, in respect of any such Non-SCF Holder, the product of (A) the sum of the aggregate
number of Co-Sale Shares to be sold by SCF to the proposed transferee plus the maximum number of shares of Common Stock such proposed transferee is willing to purchase from Non-SCF Holders and (B) a fraction with a numerator equal to the number
of shares of Common Stock held by such other Non-SCF Holder and a denominator equal to the number of shares of Common Stock held by SCF and all Non-SCF Holders that elect to Transfer shares pursuant to this Section 2.4. Notwithstanding
anything to the contrary herein, if the consideration proposed to be received by SCF includes securities with respect to which no registration statement covering the issuance of such securities has been declared effective under the Securities Act,
if required by the issuer of any such securities, only Non-SCF Holders that are then Accredited Investors may accept the Participation Offer and Transfer shares of Common Stock pursuant to this Section 2.4 unless otherwise agreed to by
such issuer; provided, however, that each Stockholder that is not then an Accredited Investor shall be entitled to Transfer to the Company such number of shares of Common Stock that such Stockholder would have been entitled to Transfer
pursuant to this Section 2.4 had such Stockholder been an Accredited Investor, and such Stockholder shall be entitled to receive from the Company an equivalent value (as determined in good faith by the Board) in cash to what such
Stockholder would have received pursuant to this Section 2.4, subject to any restrictions imposed upon the Company or to which the Company is subject by any agreement to which the Company or any of its subsidiaries is a party or by
applicable Law. 
 (c) Except as set forth herein and in paragraph (b) above, the per share consideration to be received
for any shares of Common Stock included in a proposed Transfer hereunder shall be the same per share consideration to be received by SCF as set forth in the Participation Offer. Each Non-SCF Holder who wishes to include shares of Common Stock in the
proposed Transfer in accordance with the terms set forth in the Participation Offer shall so notify SCF not more than 10 Business Days after the date of the Co-Sale Notice, failing which such Non-SCF Holder shall not be entitled to participate in
the proposed Transfer. 
 (d) The Participation Offer shall be conditioned upon SCF’s Transfer of Co-Sale Shares pursuant
to the transactions contemplated in the Co-Sale Notice with the transferee named therein. If any Non-SCF Holders have accepted the Participation Offer, SCF shall reduce to the extent necessary the number of Co-Sale Shares it otherwise would have
Transferred in the proposed Transfer so as to permit Non-SCF Holders who have accepted the Participation Offer to sell the number of shares that they are entitled to sell under this Section 2.4, and SCF and such Non-SCF Holders shall
sell the number of shares specified in the Participation Offer to the proposed transferee in accordance with the terms of such sale as set forth in the Co-Sale Notice; provided, however, that if the proposed transferee deals solely
with SCF and refuses to purchase from the Non-SCF Holders who have accepted the Participation Offer with respect to the number of shares that they are entitled to sell under this Section 2.4, then (i) SCF shall be entitled to sell
up to the number of shares specified in the Participation Offer to the proposed transferee in 

  
 11 

 
accordance with the terms of such sale as set forth in the Co-Sale Notice and (ii) SCF shall then purchase from such Non-SCF Holders who have accepted the Participation Offer, on the terms
set forth in the Co-Sale Notice, up to the number of shares that they would have been entitled to sell under this Section 2.4 had the proposed transferee purchased such shares directly from Non-SCF Holders in accordance with the terms of
this Section 2.4. Any Non-SCF Holder who participates in a Transfer under this Section 2.4 shall not be liable for any transaction costs associated with such a Transfer other than the legal costs incurred by that Non-SCF
Holder and, if SCF is obligated to pay selling commissions, then a pro-rata portion of such selling commissions. 
 (e) Each
Non-SCF Holder who Transfers shares of Common Stock pursuant to this Section 2.4 shall not be required to make any representations or warranties for which such Non-SCF Holder would have personal liability in connection with such Transfer
other than representations and warranties as to (and SCF and each such Stockholder shall execute an agreement for the benefit of the proposed transferee providing for representations and warranties as to) (i) such Non-SCF Holder’s
ownership of the shares of Common Stock to be Transferred free and clear of all liens, claims and other encumbrances other than those arising under this Agreement, the Certificate of Incorporation or the Bylaws, (ii) such Non-SCF Holder’s
power and authority to effect such Transfer and (iii) such matters pertaining to compliance with securities Laws as are relevant to determining whether an exemption from registration is available in connection with such Transfer;
provided, however, for the avoidance of doubt the parties acknowledge that the consideration to be received by SCF and such Non-SCF Holders may consist of, among other things, an interest in an escrow account, a security or other
consideration, the ultimate value of which may be dependent upon, among other things, the accuracy of representations and warranties relating to the Company and its business or the future performance of the Company. 

(f) The closing of such purchase by the transferee of the Common Stock of the Non-SCF Holders shall be on the same date that the
transferee acquires Co-Sale Shares from SCF; provided that such Non-SCF Holders have been given 10 days’ advance notice of such closing; provided further, however, that any such closing shall be delayed, to the extent
required, until the next succeeding Business Day following the expiration of any required waiting periods under the HSR Act and the obtaining of all other governmental approvals reasonably deemed necessary by a party to the Transfer. 

(g) Each Non-SCF Holder who participates in a Transfer pursuant to this Section 2.4 shall promptly perform, whether before or
after any such closing, such additional acts (including executing and delivering additional documents, the terms and conditions of which shall be no more burdensome to such Non-SCF Holder than the terms and conditions of the documents executed by
SCF in connection with such Transfer) as are reasonably required to effect more fully the transactions contemplated by this Section 2.4. 
 (h) If no Non-SCF Holders accept the Participation Offer, SCF may sell not more than the number of shares of Common Stock stated in the Participation Offer to the proposed transferee, at the price and
upon terms no more favorable than the terms stated in the Participation Offer, but only if such Transfer shall be completed within 90 days after the delivery of the Participation Offer and if not so completed then the provisions of this
Article 2 shall apply to any future Transfer of such shares by SCF. 

  
 12 

 (i) SCF shall have the right to require the Company to cooperate fully with potential
acquirors of Capital Stock of the Company in a prospective transaction pursuant to this Section 2.4 by taking all actions reasonably requested by such Persons or such potential acquirors, including making the Company’s and its
subsidiaries’ properties, books and records, and other assets reasonably available for inspection by such potential acquirors and making employees of the Company and its subsidiaries reasonably available for interviews, in each case subject to
such confidentiality restrictions or obligations as the Company may reasonably require. 
 (j) Notwithstanding anything in this
Agreement to the contrary, if a Transfer of Capital Stock pursuant to this Section 2.4 is not consummated for whatever reason there shall be no liability on the part of SCF to the holders of Co-Sale Shares or any other Person. The
decision to effect a Transfer pursuant to this Section 2.4 by SCF is in the sole and absolute discretion of SCF. 

2.5 Drag-Along Rights. 
 (a) In connection with any Transfer for value (whether by sale, merger or otherwise) of all of the shares of Capital Stock owned by (i) SCF (provided SCF owns 50% or more of the outstanding
Common Stock at the time of the Transfer) or (ii) any group of Stockholders (which group includes SCF) that owns 50% or more of the outstanding Common Stock (SCF or such group of Stockholders, the “Dragging
Stockholders”), to any Person other than an Affiliate of any of the Dragging Stockholders, the Dragging Stockholders shall have the right to require all of the other Stockholders (the “Non-Dragging Stockholders”)
to sell all, but not less than all, of their shares of Common Stock on the terms described in this Section 2.5(b). 

(b) In connection with any proposed Transfer subject to this Section 2.5, the Dragging Stockholders shall give written notice
to each Non-Dragging Stockholder at least 20 days prior to such Transfer, which notice shall specify the amount of consideration to be received by the Dragging Stockholders for their Capital Stock in connection with such Transfer and the place and
date on which the Transfer is expected to be consummated (a “Drag-Along Notice”). The per share consideration to be received by each Non-Dragging Stockholder in a Transfer governed by this Section 2.5 shall be
equal to the per share consideration to be received by the Dragging Stockholders as reflected in the Drag-Along Notice. 
 (c)
All Non-Dragging Stockholders shall consent to and raise no objections against a Transfer pursuant to this Section 2.5, and if such Transfer is structured as (i) a merger, share exchange or consolidation of the Company, or a
Transfer of all or substantially all of the assets of the Company, each Non-Dragging Stockholder shall vote in favor of such Transfer and shall waive any dissenters rights, appraisal rights or similar rights in connection with such merger, share
exchange, consolidation or asset sale, or (ii) a Transfer of all the shares of Capital Stock, the Non-Dragging Stockholders shall agree to sell all their shares of Capital Stock which are the subject of such Transfer, on the terms and
conditions of such Transfer. The Non-Dragging Stockholders shall promptly take all necessary and desirable actions in connection with 

  
 13 

 
the consummation of a Transfer pursuant to this Section 2.5, including using their respective reasonable efforts to obtain consents or approvals of the Board to such Transfer. In
connection with a Transfer pursuant to this Section 2.5, the Non-Dragging Stockholders shall not be required to make any representations or warranties for which such Stockholder would have personal liability in connection with such
Transfer other than representations and warranties as to (and each Non-Dragging Stockholder shall execute an agreement for the benefit of the proposed transferee providing for representations and warranties as to) (i) such Non-Dragging
Stockholder’s ownership of the shares of Capital Stock to be Transferred free and clear of all liens, claims and encumbrances, (ii) such Non-Dragging Stockholder’s power and authority to effect such Transfer and (iii) such
matters pertaining to compliance with securities Laws as are relevant to determining whether an exemption from registration is available in connection with such Transfer; provided, however, for the avoidance of doubt the parties
acknowledge that the consideration to be received by the Dragging Stockholders and the Non-Dragging Stockholders may consist of, among other things, an interest in an escrow account, a security or other consideration, the ultimate value of which may
be dependent upon, among other things, the accuracy of representations and warranties relating to the Company and its business or the future performance of the Company. 
 (d) The closing of such purchase by the transferee of the Common Stock of the Non-Dragging Stockholders shall be on the same date that the transferee acquires securities from the Dragging Stockholders (it
being acknowledged that (i) in no event shall the Dragging Stockholders be obligated to Transfer any securities and (ii) the Non-Dragging Stockholders shall not be obligated to Transfer any securities unless and until the Dragging
Stockholders Transfer securities hereunder), provided that such Non-Dragging Stockholders have been given 20 days’ advance notice of such closing; provided further, however, that any such closing shall be delayed, to the
extent required, until the next succeeding Business Day following the expiration of any required waiting periods under the HSR Act and the obtaining of all other governmental approvals reasonably deemed necessary by a party to such Transfer.

 (e) If the Dragging Stockholders enter into any negotiation or transaction for which Rule 506 under the Securities Act (or
any similar rule then in effect) may be available with respect to such negotiation or transaction (including a merger, consolidation or other reorganization), each Stockholder who is not an Accredited Investor will, at the request and election of
the Dragging Stockholders, either (i) appoint a purchaser representative (as such term is defined in Rule 501 under the Securities Act) reasonably acceptable to the Dragging Stockholders or (ii) agree to accept cash in lieu of any
securities such Stockholder would otherwise receive in an amount equal to the fair market value of such securities as unanimously determined by the Board. 
 (f) The Dragging Stockholders shall have the right to require the Company to cooperate fully with potential acquirors of the Company in a prospective transaction pursuant to this Section 2.5
by taking all customary and other actions reasonably requested by such Persons or such potential acquirors, including making the Company’s and its subsidiaries’ properties, books and records, and other assets reasonably available for
inspection by such potential acquirors and making the employees of the Company and its subsidiaries reasonably available for interviews. 

  
 14 

 (g) In connection with a Transfer pursuant to this Section 2.5, each
Non-Dragging Stockholder shall promptly perform, whether before or after any such closing, such additional acts (including executing and delivering additional documents, the terms and conditions of which shall be no more burdensome to such
Non-Dragging Stockholder than the terms and conditions of the documents executed by the Dragging Stockholders in connection with such Transfer) as are reasonably required to effect more fully the transactions contemplated by this
Section 2.5. 
 (h) Notwithstanding anything in this Agreement to the contrary, if a Transfer of Capital Stock
pursuant to this Section 2.5 is not consummated for whatever reason there shall be no liability on the part of SCF to the holders of Capital Stock or any other Person. The decision to effect a Transfer pursuant to this
Section 2.5 by SCF is in the sole and absolute discretion of SCF. 
 2.6 Certain Limitations on Rights
of First Refusal and Co-Sale. Notwithstanding anything to the contrary in this Article 2: 
 (a) if SCF owns 20%
or more of the outstanding Common Stock at the time it proposes to Transfer any Capital Stock to a third Person (other than a Transfer that is subject to Section 2.5), then such Transfer of Capital Stock shall be subject to
Section 2.4 and not the provisions of Section 2.3; 
 (b) if SCF owns less than 20% of the outstanding
Common Stock at the time it proposes to Transfer any Capital Stock to a third Person (other than a Transfer that is subject to Section 2.5), then such Transfer of Capital Stock shall be subject to Section 2.3 and not the
provisions of Section 2.4; and 
 (c) in the event that any Transfer of Common Stock by SCF is subject to
Section 2.3 pursuant to Section 2.6(b) above, then the purchase right for the benefit of SCF pursuant to Section 2.3(b)(ii) shall not apply to such Transfer. For purposes of the foregoing clauses (a) and (b),
“third Person” refers to a Person other than an Affiliate of SCF. 
 2.7
Conditions to Permitted Transfers; Continued Applicability of Agreement. 
 (a) As a condition to any Transfer
permitted under this Agreement (other than a Transfer pursuant to Section 2.5), any transferee (including any transferee pursuant to an Involuntary Transfer) of Capital Stock shall be required, as a condition to closing any Transfer
transaction, to become a party to this Agreement, by executing (together with such Person’s Spouse, if applicable) an Adoption Agreement in substantially the form of Exhibit A to this Agreement (the “Adoption
Agreement”) and shall be deemed to be a Stockholder for all purposes under this Agreement. If any Person acquires Capital Stock from a Stockholder in such a Transfer, notwithstanding such Person’s failure to execute an Adoption
Agreement in accordance with the preceding sentence (whether such Transfer resulted by operation of Law or otherwise), such Person and such shares of Capital Stock shall nevertheless be subject to this Agreement. 

  
 15 

 (b) As a condition to any Transfer by a Non-SCF Holder permitted under this Agreement, any
transferee of Capital Stock held by such Non-SCF Holder shall be required to acknowledge and agree in writing that such shares of Capital Stock will be subject to the Company’s right of offset, if any, under the agreement pursuant to which such
Stockholder acquired such Capital Stock in the event that the Company becomes entitled to indemnification from such Non-SCF Holder in accordance with the terms of such agreement. 

(c) The Stockholders hereby acknowledge and agree that any Person that acquires shares of Common Stock pursuant to the exercise of
options under the Incentive Plan or acquires shares of Common Stock pursuant to a restricted stock grant under the Incentive Plan shall be required to become a party to, and that such shares shall be subject to, this Agreement by executing (together
with such Person’s Spouse, if applicable) an Adoption Agreement, and shall be entitled and subject to all of the rights and obligations of a Stockholder hereunder. The Company shall only issue and transfer options to acquire Common Stock to
Persons who agree to become a party to this Agreement by executing (together with such Person’s Spouse, if applicable) an Adoption Agreement. 
 (d) The Stockholders hereby acknowledge and agree that (i) the Company may from time to time issue additional shares of Capital Stock to SCF, other Non-SCF Holders or Persons who are not then
Stockholders, (ii) the Company may require any such recipient of Capital Stock (if such recipient is not then a party to this Agreement) to become a party to, and that such shares shall be subject to, this Agreement by executing (together with
such Person’s Spouse, if applicable) an Adoption Agreement and (iii) such recipient shall thereafter be entitled and subject to all of the rights and obligations of a Stockholder hereunder. 

(e) No shares of Capital Stock may be Transferred by a Person (other than pursuant to an effective registration statement under the
Securities Act) unless such Person first delivers to the Company an opinion of counsel, if requested by the Company, which opinion of counsel shall be reasonably satisfactory to the Company, to the effect that such Transfer is not required to be
registered under the Securities Act, unless the Company waives the right to receive such opinion. 
 ARTICLE 3.

 REGISTRATION OF STOCK 
 3.1 Registration Rights. The Company hereby grants to each Stockholder registration rights with respect to Common Stock set forth in Exhibit B hereto, and such
Exhibit B is incorporated herein by reference. 
 ARTICLE 4. 

OTHER MATTERS 
 4.1 Corporate Opportunity Matters. The Company shall not amend, modify or revoke the provisions set forth in Article Tenth of the Second Amended and Restated Certificate of
Incorporation of the Company at any time while SCF holds Capital Stock. Each Stockholder hereby agrees to take all actions necessary or desirable to effect the foregoing sentence, including voting for or consenting to, or voting against or refusing
to consent to, amendments to the Second Amended and Restated Certificate of Incorporation of the Company (whether effected by merger, consolidation or otherwise) in order to give effect to this Section 4.1. 

  
 16 

 4.2 VCOC Management Rights; Board Representation. As long as SCF owns
at least 20% of the outstanding Common Stock, the Stockholders and the Company agree to take all action within their respective power, including, but not limited to, the voting of all Capital Stock entitled to vote, whether at a regular or special
meeting of the stockholders of the Company or by the execution of written consents in lieu of such meetings, as shall be required to cause the Board to at all times to include at least two members designated by SCF (collectively, the “SCF
Designees”). The rights set forth in this Section 4.2 are, in part, intended to satisfy the requirement of contractual management rights for purposes of qualifying the ownership interests of SCF in the Company as venture
capital investments for purposes of the Department of Labor’s “plan assets” regulations (the “Contractual Management Rights”), and in the event such rights are not satisfactory for such purpose or are lost by
reason of the operation of this Agreement, the Company and SCF shall reasonably cooperate in good faith to agree upon mutually satisfactory Contractual Management Rights which satisfy such regulations. None of the SCF Designees or any other director
who is also an officer of the Company will receive any consideration for serving on the Board prior to an Initial Public Offering. All of the SCF Designees and any other directors who are also officers of the Company will be entitled to
reimbursement for reasonable out-of-pocket costs and expenses in attending meetings of the Board. The Stockholders and the Company agree to take all reasonable action within their respective power, including, but not limited to, the voting of all
Capital Stock entitled to vote, whether at a regular or special meeting of the stockholders of the Company or by the execution of written consents in lieu of such meetings, as shall be required to cause the Board to at all times following 30 days
after the date of this Agreement to include at least two members who are Independent Directors. 
 4.3 Financial
Statements. The Company covenants that, until the consummation of an Initial Public Offering, it will deliver the following to any Stockholder, upon receipt of a written request addressed to the Secretary of the Company, as soon as the
following are completed and available: 
 (a) consolidated statements of income, changes in stockholders’ equity and
changes in the financial position of the Company for the most recently completed fiscal year, and a consolidated balance sheet of the Company as at the end of such most recently completed fiscal year, in each case audited for the Company by
independent public accountants of recognized national standing selected by the Company, whose report shall state that such consolidated financial statements present fairly the results of operations, cash flows and financial position of the Company
in accordance with GAAP on a basis consistent with prior periods except as noted therein and that the examination by such accountants has been made in accordance with generally accepted auditing standards; and 

(b) consolidated statements of income, changes in stockholders’ equity and changes in the financial position of the Company for the
most recently completed quarterly period and for the period from the beginning of the current fiscal year to the end of such quarterly period, and a consolidated balance sheet of the Company as at the end of such quarterly period, all unaudited but
prepared in accordance with GAAP on a basis consistent with past practice. 
 4.4 Confidentiality. Each
Stockholder agrees that any information obtained by such Stockholder pursuant to Section 4.3 shall be maintained in confidence and shall not be divulged 

  
 17 

 
by such Stockholder or any of its Affiliates to any party unless the Company agrees to such disclosure or unless and until such information shall become public knowledge (other than by disclosure
in breach of this Section 4.4) or as required by Law, including applicable securities laws and regulations; provided that, before such Stockholder or any of its Affiliates discloses any of the foregoing as may be required by law,
such Person shall give the Company reasonable advance notice and take such reasonable actions as the Company may propose to minimize the required disclosure. 
 ARTICLE 5. 
 MISCELLANEOUS 

5.1 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall
be deemed to have been duly given or made (a) when delivered if delivered in person or sent by nationally recognized overnight or second day courier service, (b) upon transmission by fax if transmission is confirmed, or (c) three
Business Days after deposit with a United States post office if delivered by registered or certified mail (postage prepaid, return receipt requested) to the respective parties as follows: 

if to the Company, addressed to: 
 Forum Energy Technologies, Inc. 
 8807 West Sam Houston Parkway North, Suite 200

 Houston, TX 77040-5321 
 Attention: Chief Financial Officer 
 Facsimile: (713) 351-7997 

if to a Stockholder, addressed to such Person at the address for notice set forth opposite such Person’s name on Annex 1,

 or to such other place and with such other copies as any party hereto may designate as to itself by written notice to the others in
accordance with this Section 5.1. 
 5.2 Amendment or Restatement. This Agreement may be
amended or restated only by a written instrument adopted, executed and agreed to by the Company, SCF and the holders of a majority of the shares of Common Stock owned in the aggregate by the Non-SCF Holders; provided, however, that any
amendment that imposes additional obligations on a party hereto shall require the consent of such party; provided further that Annex 1 hereto may be amended from time to time by the Company to reflect the ownership of the Capital
Stock, and Exhibit B hereto may be amended in accordance with the terms of Section 12 thereof. In the event the Company is a party to a merger, consolidation or combination with another Person in which the Company is not the
surviving entity (or survives as a subsidiary of another Person) and the Common Stock is converted or exchanged for common stock (or equivalent interests) of such other Person and this Agreement is not terminated pursuant to Section 5.8,
all references in this Agreement to (i) “Common Stock” shall be deemed to mean common stock (or equivalent interests) of such other Person, (ii) “Capital Stock” shall be deemed to mean the capital stock of such other
Person and (iii) “Company” shall mean such other Person. The terms of this Section 5.2 shall apply to all provisions of this Agreement other than the Registration Rights Agreement set forth on Exhibit B hereto.

  
 18 

 5.3 Binding Effect. Subject to the restrictions on Transfers set forth
in this Agreement, this Agreement is binding on and inures to the benefit of the Stockholders and their respective heirs, legal representatives, successors, and assigns. 
 5.4 Governing Law. This agreement is governed by and shall be construed in accordance with the law of the state of Delaware without regard to the principles of conflicts of law
thereof. 
 5.5 Severability. If any provision of this Agreement or the application thereof to any Person
or circumstance is held invalid or unenforceable to any extent, the remainder of this Agreement and the application of that provision to other Persons or circumstances shall not be affected thereby and that provision shall be enforced to the
greatest extent permitted by Law. Furthermore, in lieu of each such invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may
be possible and be legal, valid and enforceable, including by reference to any applicable provision of the Former Agreement applicable to any Stockholder to the extent any provision of this Agreement is determined to be invalid or unenforceable as a
result of any failure to obtain the approval of such Stockholder of any amendment and restatement of such Former Agreement with respect to such provision. 
 5.6 Legends. 
 (a) Each certificate for Common
Stock shall include legends in substantially the following form: 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER THE SECURITIES ACT OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE
(AND, IN SUCH CASE, AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH OFFER, SALE, TRANSFER OR DISPOSITION IS NOT REQUIRED TO BE REGISTERED UNDER THE SECURITIES ACT HAS BEEN PROVIDED TO THE COMPANY). THIS SECURITY
IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET FORTH IN THE AMENDED AND RESTATED STOCKHOLDERS AGREEMENT OF THE COMPANY, AND SET FORTH IN THE CERTIFICATE OF INCORPORATION AND BYLAWS OF THE COMPANY, COPIES OF WHICH
MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICES. 

  
 19 

 (b) A restriction on transfer of shares set forth in such legends (a
“Restriction”) shall cease and terminate as to any particular shares when, in the opinion of the Company and counsel reasonably satisfactory to the Company, such Restriction is no longer required. Whenever such Restriction
shall cease and terminate as to any shares, the holder thereof shall be entitled to receive from the Company, without expense to such holder, new certificate(s) not bearing a legend stating such Restriction. 

5.7 Counterparts and Effectiveness. This Agreement may be executed in any number of counterparts, including
facsimile counterparts, with the same effect as if all signing parties had signed the same document. All counterparts shall be construed together and constitute the same instrument. This Agreement shall become effective when executed and delivered
by the minimum necessary parties required pursuant to Section 5.2 of the Original Agreement, and regardless of whether all the listed signatories have executed this Agreement. 

5.8 Termination. This Agreement (other than Article 3, Sections 5.1, 5.2, 5.3,
5.4, 5.5, 5.7, 5.9, 5.11 and 5.14 and Exhibit B) shall terminate, and shall have no further force or effect, upon the consummation of (a) an Initial Public Offering, (b) the
Company’s merger, combination or consolidation with a Qualified Public Company or a subsidiary of a Qualified Public Company, as long as the Stockholders receive solely cash and/or common stock (or an equivalent interest) of such Qualified
Public Company in respect of their Common Stock, (c) the Company’s merger, combination or consolidation with another Person if holders of Common Stock receive solely cash in respect of their Common Stock in such merger, combination or
consolidation or (d) the consummation of a transaction pursuant to Section 2.5; provided, however, that upon the consummation of a transaction pursuant to Section 2.5 or the Company’s merger, combination or consolidation
with another Person in which, in any such case, holders of Capital Stock receive solely cash in respect of their Capital Stock in such transaction, merger, combination or consolidation, this Agreement shall terminate in its entirety. The
Stockholders acknowledge and agree that following the termination of this Agreement pursuant to the previous sentence (other than pursuant to the proviso thereof), the Company may amend and restate this Agreement to be a stand-alone agreement of the
Company, which shall include the substantive provisions of Article 3, Sections 5.1, 5.2, 5.3, 5.4, 5.5, 5.7, 5.9, 5.11 and 5.14 and Exhibit B, without any further
action or approval by the Stockholders and such Registration Rights Agreement shall continue in full force and effect until terminated or amended pursuant to its terms. This Agreement shall continue in full force and effect until terminated pursuant
to the previous sentence or otherwise amended pursuant to Section 5.2 of this Agreement. 
 5.9 Section
Headings. Headings contained in this Agreement are inserted only as a matter of convenience and in no way define, limit, or extend the scope or intent of this Agreement or any provisions hereof. 

5.10 Entire Agreement. This Agreement, including any Annexes, Exhibits, Schedules or other attachments hereto, and
the agreements referred to herein, contain the entire understanding of the parties hereto respecting the subject matter hereof and supersedes all prior agreements, discussions and understandings with respect thereto. 

  
 20 

 5.11 Cumulative Rights. The rights of the Stockholders and the Company
under this Agreement are cumulative and in addition to all similar and other rights of such parties under other agreements. 

5.12 Assignment. Except as otherwise expressly provided herein, the terms and conditions of this Agreement shall
inure to the benefit of and be binding upon the respective successors and assigns of the Stockholders and the Company. No such assignment shall relieve the assignor from any liability hereunder. Any purported assignment made in violation of this
Section 5.12 shall be void and of no force and effect. 
 5.13 Further Assurances. In
connection with this Agreement and the transactions contemplated hereby, each Stockholder shall execute and deliver any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate and
perform the provisions of this Agreement and those transactions. 
 5.14 Spouses. Each reference herein to
the shares owned by a Stockholder includes the community property interest of such Stockholder’s spouse (if any) (each, a “Spouse”) in such shares. Each Spouse is fully aware of, understands and fully consents and agrees
to the provisions of this Agreement and its binding effect upon any community property interest such Spouse may now or hereafter own. Each Spouse agrees that the termination of his or her marital relationship with a Stockholder for any reason shall
not have the effect of removing any shares of the Company otherwise subject to this Agreement from its coverage. Each Spouse’s awareness, understanding, consent and agreement are evidenced by the execution of this Agreement by such Spouse. In
addition, each Spouse hereby acknowledges that the Company and the Parties may desire to amend this Agreement from time to time, and such Spouse hereby appoints his or her Spouse as his or her true and lawful proxy and attorney, with full power of
substitution to enter into any such amendment to this Agreement. Such proxy is irrevocable and will survive the death, incompetency, and disability of such Spouse, provided that upon termination of this Agreement, the above authorized proxy
shall become null and void. Each such Spouse agrees, for such Spouse and such Spouse’s heirs, executors, administrators, guardians and other personal representatives, to offer for sale all shares now owned or hereafter acquired by such Spouse
upon the happening of the events and on the terms and conditions set forth in this Agreement. 
 5.15 No SCF
Management/Financial Advisory Agreement. Neither SCF nor any of its Affiliates shall enter into any management, financial advisory or similar agreement with the Company or its subsidiaries without the consent or approval of at least a
majority of the directors of the Board, excluding for this purpose the SCF Designees. 

  
 21 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first
written above. 
  

			
	COMPANY:
	
	FORUM ENERGY TECHNOLOGIES, INC.
		
	By:	 	 /s/ C. Christopher
Gaut

			
	Name:	 	  C. Christopher Gaut
	Title:	 	  Chief Executive Officer

  

					
	STOCKHOLDERS:
		
		 	By power of attorney on behalf of the Stockholders identified by an “*”on Annex 1
			
		 	By:	 	 /s/ C. Christopher
Gaut

					
		 	Name:	 	        C. Christopher Gaut
		 	Title:	 	        Attorney-in-fact

 Signature Page to 
 Amended and Restated Stockholders Agreement of

 Forum Energy Technologies, Inc. 

 ANNEX 1 
 LIST OF STOCKHOLDERS AND SHARE OWNERSHIP 

  
 Annex-1

 EXHIBIT A 

FORM OF ADOPTION AGREEMENT 
 This Adoption Agreement (“Adoption”) is executed pursuant to the terms of the Amended and Restated Stockholders Agreement of Forum Energy Technologies, Inc. (the
“Company”) dated as of August     , 2010, as amended from time to time (the “Stockholders Agreement”), a copy of which is attached hereto. By the execution of this Adoption
Agreement,             (“Transferee”) [and his or her spouse] agree[s] as follows: 

1. Acknowledgment. Transferee acknowledges that Transferee is acquiring certain shares of Common Stock from the Company or a
Stockholder of the Company, subject to the terms and conditions of the Stockholders Agreement. Capitalized terms used herein without definition are defined in the Stockholders Agreement and are used herein with the same meanings set forth therein.

 2. Agreement. Transferee [and his or her spouse] (a) agree[s] that the shares of Common Stock
acquired by Transferee shall be bound by and subject to the terms of the Stockholders Agreement and (b) hereby join[s] in, and agree[s] to be bound by, the Stockholders Agreement with the same force and effect as if such
Transferee [and his or her spouse] were originally parties thereto. 
 3. Notice. Any notice required or permitted
by the Stockholders Agreement shall be given to Transferee at the address listed below Transferee’s signature below. 

EXECUTED AND DATED on this      day of         ,
        . 
  

			
	TRANSFEREE:
		
	By:	 	  

		 	[Spouse:
		 	  

		 	[Name]]
		
		 	Address for Notice:

 

									
	  
	 		 		 	
	  
	 		 		 	
	Attention:	 	  
	 		 	
	Facsimile:	 	(        )
        -            	 		 	

  
 Exhibit A-1

 EXHIBIT B 

to 

Amended and Restated Stockholders Agreement 
 (the “Agreement”) 
 dated as of August 2, 2010

 by and among 
 Forum Energy Technologies, Inc. 
 and 

the others parties thereto 
 REGISTRATION RIGHTS AGREEMENT 
 1. Definitions.
In addition to the terms defined elsewhere in this Registration Rights Agreement, when used in this Registration Rights Agreement the following terms shall have the meanings indicated. All other capitalized terms used but not defined in this
Registration Rights Agreement shall have the meaning assigned to such term in the Agreement. 
 “Demand
Holder” means SCF and each transferee of SCF Registrable Securities directly or indirectly (in a chain of title) from SCF if such transferee to whom the right to request a Demand Registration under Section 2(a) has been expressly
assigned in writing directly or indirectly (in a chain of title) from SCF as permitted by Section 9 hereof. 

“Demand Registration” has the meaning set forth in Section 2(a)(i) below. 

“Demand Request” has the meaning set forth in Section 2(a)(i) below. 

“Disposing Holders” has the meaning set forth in Section 10. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Holder” means a Stockholder (as defined in the Agreement, but excluding any Person who executes this
Registration Rights Agreement or a separate agreement to be bound by the terms hereof solely in his or her capacity as a Spouse of a Stockholder), including any Person to whom the Company issues Common Stock after the date hereof and prior to an
Initial Public Offering and who executes and delivers an Adoption Agreement to the Company (unless the Company enters into an agreement denying such Person the registration rights described herein), who holds Registrable Securities; provided,
however, that a Person shall cease to be a Holder after the IPO Lock-Up Date if and when such Person owns Common Stock and Common Stock Equivalents representing less than four percent of the outstanding Common Stock and such Person may
dispose of all Registrable Securities then owned by such Person and all Registrable Securities then acquirable upon exercise of Common Stock Equivalents (assuming such Common Stock Equivalents were exercised or converted on a cashless basis) then
owned by such Person pursuant to Rule 144(b) (or any successor rule) under the Securities Act, and in such case the Registrable Securities owned by such Person shall cease to be Registrable Securities; provided further, however, that a Person
shall cease to be a Holder after the first anniversary of the consummation of an Initial Public Offering if the Company requests in writing that such Person confirm in writing that such Person remains a Holder and such Person fails to so confirm
within 30 days of such notice. 

  
 Exhibit B-1

 “Indemnified Party” has the meaning set forth in Section 7(c)
below. 
 “Indemnifying Party” has the meaning set forth in Section 7(c) below. 

“Inspectors” has the meaning set forth in Section 5(j) below. 

“IPO Lock-Up Date” means the date that the Lock-Up Period set forth in Section 4(a) of this Registration
Rights Agreement lapses in accordance with its terms in connection with an Initial Public Offering. 
 “Lock-Up
Period” has the meaning set forth in Section 4(a) below. 
 “Material Adverse Effect”
has the meaning set forth in Section 2(d) below. 
 “Non-SCF Registrable Securities” means the
Common Stock issued to or acquired by any Non-SCF Holders, and any Common Stock into which Common Stock Equivalents held by a Non-SCF Holder have been or may be converted, exchanged or acquired and any other securities issued or issuable with
respect to such securities by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization; provided, that after the IPO Lock-Up Date any Non-SCF Registrable
Security will cease to be a Non-SCF Registrable Security when (a) a registration statement covering such Non-SCF Registrable Security has been declared effective by the SEC and it has been disposed of pursuant to such effective registration
statement, (b) it is sold under circumstances in which all of the applicable conditions of Rule 144 (or any similar provisions then in force) under the Securities Act are met, (c) (i) it has been otherwise transferred, (ii) the
Company has delivered a new certificate or other evidence of ownership for it not bearing any legend similar to that required pursuant to Section 5.6 of the Agreement and (iii) it may be resold without subsequent registration under the
Securities Act or (d) it is held by a Person that is not a Holder in accordance with the provisos to the definition of Holder provided for herein. 
 “Piggyback Registration” has the meaning set forth in Section 3(a). 
 “Piggyback Securities” has the meaning set forth in Section 3(b). 
 “Records” has the meaning set forth in Section 5(j) below. 
 “Registrable Securities” means the SCF Registrable Securities and the Non-SCF Registrable Securities. 
 “Registration Expenses” has the meaning set forth in Section 6 below. 
 “Requesting Holders” means a Holder who makes a Demand Request pursuant to Section 2 below. 
 “Required Filing Date” has the meaning set forth in Section 2(a)(ii). 
 “SCF Registrable Securities” means the Common Stock issued to or acquired by SCF, including any Common Stock acquired by SCF from any Non-SCF Holder in accordance with

  
 Exhibit B-2

 
the terms of the Agreement, and any Common Stock into which Common Stock Equivalents held by SCF have been converted, exchanged or acquired and any other securities issued or issuable with
respect to such securities by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization; provided, that after the IPO Lock-Up Date any SCF Registrable
Security will cease to be an SCF Registrable Security when (a) a registration statement covering such SCF Registrable Security has been declared effective by the SEC and it has been disposed of pursuant to such effective registration statement,
(b) it is sold under circumstances in which all of the applicable conditions of Rule 144 (or any similar provisions then in force) under the Securities Act are met, (c)(i) it has been otherwise transferred, (ii) the Company has delivered a
new certificate or other evidence of ownership for it not bearing any legend similar to that required pursuant to Section 5.6 of the Agreement and (iii) it may be resold without subsequent registration under the Securities Act, or
(d) it is held by a Person that is not a Holder in accordance with the provisos to the definition of Holder provided for herein. 
 “SEC” means the Securities and Exchange Commission or any successor governmental agency. 
 “Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement under the Securities Act. 

“Underwriter” means a securities dealer which purchases any Registrable Securities as principal and not as part
of such dealer’s market-making activities. 
 2. Demand Registration.

 (a) Request for Registration. 

(i) From and after 180 days following an Initial Public Offering, any Demand Holder may make a written request of the
Company (a “Demand Request”) to have the Company effect a registration under the Securities Act (a “Demand Registration”) for the sale of all or part of their Registrable Securities. Following receipt
of such Demand Request, the Company shall be required to use commercially reasonable efforts to effect such Demand Registration subject to the terms hereof; provided that the Registrable Securities proposed to be offered by the Requesting
Holders in any such Demand Request must have a reasonably anticipated aggregate offering price of at least $20,000,000 net of underwriting discounts and commissions (or at least $10,000,000 if the Company is then eligible to register such sale on a
Form S-3 registration statement (or any comparable or successor form)); and provided further that the Demand Holders shall be entitled to make no more than five Demand Requests pursuant to the foregoing provisions; and provided further
that, the Company shall not be obligated to effect more than one Demand Registration at the request of any of the Demand Holders in any six-month period. After such time as the Company shall become eligible to use Form S-3 (or any comparable or
successor form) for the registration under the Securities Act of any of its securities, any Demand Request by one or more Demand Holders with a reasonably anticipated aggregate offering price of at least $100,000,000 may be for a “shelf”
registration pursuant to Rule 415 under the Securities Act; provided that if such Demand Holders request that any such “shelf” registration statement remain effective for a period in excess of two years, such “shelf”
registration shall count as two Demand Requests for the purposes of this Section 2(a). 

  
 Exhibit B-3

 (ii) Each Demand Request shall specify the number of shares of Registrable
Securities proposed to be sold. Subject to Section 4(c), the Company shall use its best efforts to file under the Securities Act a registration statement on an appropriate form to effect the Demand Registration within 30 days if eligible to use
Form S-3 (or any comparable or successor form), otherwise within 60 days if not so eligible, after receiving a Demand Request (the “Required Filing Date”) and shall use commercially reasonable efforts to cause the same to be
declared effective by the SEC as promptly as practicable after such filing. 
 (b) Effective Registration and Expenses. A
registration will not count as a Demand Registration until it has become effective (unless the Requesting Holders withdraw their Demand Request, in which case such demand will count as a Demand Registration unless (i) the Requesting Holders pay
all Registration Expenses in connection with such withdrawn registration, (ii) during the registration process material adverse information regarding the Company is disclosed that was not known by such Requesting Holders at the time the request
for such Demand Registration was made or (iii) the Company has not complied in all material respects with its obligations hereunder required to have been taken prior to such withdrawal); provided that if, after it has become effective,
an offering of Registrable Securities pursuant to a registration is interfered with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court, such registration will be deemed not to have been
effected and will not count as a Demand Registration. 
 (c) Selection of Underwriters. The offering of Registrable
Securities pursuant to a Demand Registration requested at a time when the Company is not then eligible to use Form S-3 (or any comparable or successor form) to register the sale of Common Stock requested by such Demand Registration shall be in the
form of an underwritten offering. If the Requesting Holder so indicates, the Requesting Holder shall select the book-running managing Underwriter and such additional Underwriters to be used in connection with the offering; provided that such
selections shall be subject to the consent of the Company, which consent shall not be unreasonably withheld. 
 (d) Priority
on Demand Registrations. If securities to be sold for the account of any Person (including the Company) other than a Requesting Holder are desired to be included in a Demand Registration and if the managing Underwriter(s) shall advise the
Requesting Holders that the inclusion of such other securities will materially and adversely affect the price or success of the offering (a “Material Adverse Effect”), then all such securities to be included in such Demand
Registration shall be limited to the securities which the managing Underwriter(s) believe can be sold without a Material Adverse Effect and shall be allocated first pro rata among the Requesting Holders and the holders of Piggyback Securities who
properly requested to include Registrable Securities in such Demand Registration pursuant to Section 3 (based on the number of Registrable Securities held by such Persons) and second to the Company. 

  
 Exhibit B-4

 3. Piggyback Registration.

 (a) Piggyback Registration Rights. If the Company proposes to file a registration statement under the
Securities Act with respect to an offering of any shares of Common Stock by the Company for its own account or for the account of any holder of Common Stock (including any Holder) (other than a registration statement on Form S-4 or Form S-8 or any
substitute form that may be adopted by the SEC or any registration statement filed in connection with an exchange offer or offering of securities solely to the Company’s existing security holders or under an employee benefit plan), then the
Company shall give written notice of such proposed filing to the Holders of the Registrable Securities as soon as practicable (but in no event less than 15 days before the anticipated filing date of such registration statement), and such notice
shall offer such Holders the opportunity to register such number of Registrable Securities as each such Holder may request (a “Piggyback Registration”); provided, however, that if SCF elects not to register any
Registrable Securities in an offering intended to be an Initial Public Offering, then no Holder shall be entitled hereunder to register any Registrable Securities in such Initial Public Offering. Each Holder of Registrable Securities agrees that the
fact that such a notice has been delivered shall constitute confidential information and such Holder agrees not to disclose that such notice has been delivered or effect any public sale or distribution or Common Stock until the earlier of
(i) the registration statement prepared in connection with such Piggyback Registration has been filed with the SEC and (ii) 20 days after the date of such notice. Subject to Section 3(b) hereof, the Company shall include in each such
Piggyback Registration all Registrable Securities requested to be included in the registration for such offering by written notice to the Company within 15 days of receipt (in accordance with Section 5.1 of the Agreement) of the Company’s
notice referred to above; provided, however, that the Company may at any time withdraw or cease proceeding with any such registration for its own account prior to effectiveness of such registration whether or not any Holder of
Registrable Securities has elected to include any Registrable Securities in such registration. Each Holder of Registrable Securities shall be permitted to withdraw all or part of such Holder’s Registrable Securities from a Piggyback
Registration at any time prior to the effective date thereof. In connection with any filing of a “shelf” registration statement on Form S-3 (or any comparable or successor form) by the Company for the offer and sale of securities by the
Company from time to time pursuant to Rule 415, the piggyback registration rights contemplated by this Section 3 for all Holders of Registrable Securities shall apply only at the time that such “shelf” registration statement is filed
by the Company and not in connection with each offering of securities from such “shelf” registration statement; provided, however, that any Holder of Registrable Securities that exercises its Piggyback Registration rights with
respect to the filing of such “shelf” registration statement shall be permitted to be included in any such offering of securities by the Company from such “shelf” registration statement as though such offering were the filing of
a new registration statement for purposes of this Section 3. 
 (b) Priority on Piggyback Registration. The Company
shall use commercially reasonable efforts to cause the managing Underwriter(s) of a proposed underwritten offering to permit the Registrable Securities requested to be included in the registration statement for such offering under Section 3(a)
(“Piggyback Securities”) to be included on the same terms and conditions as any similar securities included therein. Notwithstanding the foregoing, the Company shall not be required to include any Holder’s Piggyback
Securities in such offering unless such Holder accepts the terms of the underwriting agreement between the Company and 

  
 Exhibit B-5

 
the managing Underwriter(s) and otherwise complies with the provisions of Section 8 below. If the managing Underwriter(s) of a proposed underwritten offering advise(s) the Company that in
their opinion the total amount of securities, including Piggyback Securities, to be included in such offering is sufficiently large to cause a Material Adverse Effect, then in such event the securities to be included in such offering shall be
allocated (i) if such registration statement is not pursuant to a Demand Request then first to the Company, and then, to the extent that any additional securities can, in the opinion of such managing Underwriter(s), be sold without any such
Material Adverse Effect, pro rata among the Holders of Piggyback Securities on the basis of the number of Registrable Securities then held by each such Holder or (ii) if such registration statement is pursuant to a Demand Request, then as
provided in Section 2(d). 
 4. Holdback Agreements. 

(a) Restrictions on Public Sale by Holder of Registrable Securities. In connection with any underwritten public offering of equity
securities by the Company or any Holder of Registrable Securities effected pursuant to this Registration Rights Agreement, each Holder of Registrable Securities agrees not to effect any public sale or distribution of securities similar to those
being registered or of any securities convertible into or exchangeable or exercisable for such securities or hedging transactions relating to the Registrable Securities, including a sale pursuant to Rule 144 under the Securities Act, during the
period beginning 14 days prior to the expected date of “pricing” of such offering and continuing for a period not to exceed 180 days with respect to the Initial Public Offering or 90 days with respect to any offering subsequent to the
Initial Public Offering, beginning on the date of such final prospectus (or prospectus supplement if the offering is made pursuant to a “shelf” registration statement) as shall be reasonably requested by the managing Underwriter(s) except
as part of such registration (the “Lock-Up Period”); provided, however, that if (i) during the last 17 days of the initial Lock-Up Period, the Company releases earnings results or material news or a material event
relating to the Company occurs or (ii) prior to the expiration of the initial Lock-Up Period, the Company announces that it will release earnings results during the 16-day period beginning on the last day of the initial Lock-Up Period, then in
each case the Lock-Up Period will be extended until the expiration of the 18-day period beginning on the date of release of the earnings results or the occurrence of the material news or material event, as applicable, unless the managing
Underwriter(s) of such underwritten public offering waive, in writing, such extension. If and to the extent requested by the managing Underwriter(s), each such Holder of Registrable Securities agrees to execute an agreement to the foregoing effect
with the Underwriters for such offering on such terms as the managing Underwriter(s) shall reasonably request (with such modification as reasonably requested by such managing Underwriter(s) to take into consideration then existing rules of an
applicable securities exchange regarding research analyst publications). Notwithstanding the foregoing, in no event shall any Holder of Registrable Securities be restricted at any time after the IPO Lock-Up Date from effecting any public sale or
distribution of securities pursuant to this Section 4(a) for more than 150 days during any 12-month period. 
 (b)
Restrictions on Public Sale by the Company. In connection with any underwritten public offering of equity securities by any Holder of Registrable Securities effected pursuant to this Registration Rights Agreement, the Company agrees not to
effect any public sale or distribution of any securities similar to those being registered, or any securities convertible into or exchangeable or exercisable for such securities or hedging transactions relating to such

  
 Exhibit B-6

 
securities, during the Lock-Up Period as shall be reasonably requested by the managing Underwriter(s) except as part of such registration as permitted hereby; provided, however, that if
(i) during the last 17 days of the initial Lock-Up Period, the Company releases earnings results or material news or a material event relating to the Company occurs or (ii) prior to the expiration of the initial Lock-Up Period, the Company
announces that it will release earnings results during the 16-day period beginning on the last day of the initial Lock-Up Period, then in each case the Lock-Up Period will be extended until the expiration of the 18-day period beginning on the date
of release of the earnings results or the occurrence of the material news or material event, as applicable, unless the managing Underwriter(s) of such underwritten public offering waive, in writing, such extension. 

(c) Deferral of Filing. The Company may defer the filing (but not the preparation) of a registration statement required by
Section 2 if (i) at the time the Company receives the Demand Request, (A) the Company or any of its subsidiaries are engaged in confidential negotiations or other confidential business activities, disclosure of which would be required
in such registration statement (but would not be required if such registration statement were not filed) and the Board determines in good faith that such disclosure would be materially detrimental to the Company or (B) the Company has
experienced some other material non-public event or is in possession of material non-public information concerning the Company, and the Board determines in good faith that such disclosure would be materially detrimental to the Company, until a date
not later than 60 days after the Required Filing Date or (ii) prior to receiving such Demand Request, the Board had determined to effect a registered underwritten public offering of the Company’s equity securities for the Company’s
account and the Company had taken substantial steps (including, but not limited to, selecting or entering into a letter of intent with the managing Underwriter(s) for such offering) and is proceeding with reasonable diligence to effect such
offering, until a date not later than the end of the Lock-Up Period referred to in Section 4(a) above with respect to such offering. A deferral of the filing of a registration statement pursuant to this Section 4(c) shall be lifted, and
the requested registration statement shall be filed as soon as reasonably practicable, if, in the case of a deferral pursuant to clause (i) of the preceding sentence, the negotiations or other activities are disclosed or terminated, or in the
case of a deferral pursuant to clause (ii) of the preceding sentence, the proposed registration for the Company’s account is abandoned. In order to defer the filing of a registration statement pursuant to this Section 4(c), the
Company shall promptly, upon determining to seek such deferral, deliver to each Requesting Holder a certificate signed by the Chief Executive Officer of the Company stating that the Company is deferring such filing pursuant to this Section 4(c)
and the basis therefor in reasonable detail. Within 20 days after receiving such certificate, the Holders of a majority of the Registrable Securities held by the Requesting Holders and for which registration was previously requested may withdraw
such request by giving notice to the Company. If withdrawn, the Demand Request shall be deemed not to have been made for all purposes of this Registration Rights Agreement. The Company may defer the filing of a Demand Registration pursuant to this
Section 4(c) only two times during any 12 month period. Nothing in this paragraph shall affect the rights of the Holders under Section 3 to participate in any such Demand Registration at such time as the filing deferral is lifted in
accordance with this Section 4(c). 

  
 Exhibit B-7

 (d) Use, and Suspension of Use, of Shelf Registration Statement. If the Company has
filed a “shelf” registration statement and has included Registrable Securities therein, the Company shall be entitled to suspend (but not more than an aggregate of 90 days in any 12-month period), for a reasonable period of time not in
excess of 90 days, the offer or sale of Registrable Securities pursuant to such registration statement by any Holder of Registrable Securities if (i) a “road show” is not then in progress with respect to a proposed offering of
Registrable Securities by such Holder pursuant to such registration statement and such Holder has not executed an underwriting agreement with respect to a pending sale of Registrable Securities pursuant to such registration statement and
(ii) (A) the Company or any of its subsidiaries are engaged in confidential negotiations or other confidential business activities, disclosure of which would be required if such registration statement were used (but would not be required
if such registration statement were not used) and the Board determines in good faith that such disclosure would be materially detrimental to the Company or (B) the Company has experienced some other material non-public event or is in possession
of material non-public information concerning the Company, and the Board determines in good faith that such disclosure would be materially detrimental to the Company. In order to suspend the use of the registration statement pursuant to this
Section 4(d), the Company shall promptly, upon determining to seek such suspension, deliver to the holders of Registrable Securities included in such registration statement, a certificate signed by the Chief Executive Officer of the Company
stating that the Company is suspending use of such registration statement pursuant to this Section 4(d) and the basis therefor in reasonable detail. IN ADDITION, A HOLDER OF REGISTRABLE SECURITIES MAY NOT UTILIZE A SHELF REGISTRATION STATEMENT
TO EFFECT THE SALE OF ANY SUCH REGISTRABLE SECURITIES UNLESS SUCH HOLDER HAS GIVEN THE COMPANY AT LEAST ONE BUSINESS DAY ADVANCE WRITTEN NOTICE OF THE DATE OR DATES OF A PROPOSED SALE OF SUCH REGISTRABLE SECURITIES BY SUCH HOLDER PURSUANT TO SUCH
REGISTRATION STATEMENT (WHICH NOTICE MAY BE GIVEN AS OFTEN AS SUCH HOLDER DESIRES). 
 5. Registration
Procedures. Whenever the Holders have requested that any Registrable Securities be registered pursuant to Section 2 hereof, the Company will, at its expense, use commercially reasonable efforts to effect the registration of such
Registrable Securities under the Securities Act prior to the Required Filing Date, and in connection with any such request, the Company will as expeditiously as practicable: 
 (a) prepare and file with the SEC a registration statement on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for
the sale of the Registrable Securities to be registered thereunder in accordance with the intended method of distribution thereof, and use commercially reasonable efforts and proceed diligently and in good faith to cause such filed registration
statement to become effective under the Securities Act; provided that before filing a registration statement or prospectus or any amendments or supplements thereto, the Company will furnish to all Selling Holders and to one counsel reasonably
acceptable to the Company selected by the Selling Holders, copies of all such documents proposed to be filed, which documents will be subject to the review of such counsel; provided further that in connection with a Demand Registration, the
Company shall not file any registration statement or prospectus, or any amendments or supplements thereto, if the Requesting Holders who hold a majority of the Registrable Securities covered by such registration statement or their counsel shall
reasonably object on a timely basis; 

  
 Exhibit B-8

 (b) prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective pursuant to Section 2 for a period (except as provided in the last paragraph of this Section 5) of not less than
270 consecutive days (or three years, or such shorter period as the Requesting Holders who hold a majority of the Registrable Securities covered by such registration may elect, if a “shelf” registration is requested) or, if shorter, the
period terminating when all Registrable Securities covered by such registration statement have been sold (but not before the expiration of the applicable period referred to in Section 4(3) of the Securities Act and Rule 174 thereunder, if
applicable) and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance with the intended method of disposition by the Selling Holders
thereof set forth in such registration statement; provided however that any Selling Holder that has been included on a “shelf” registration statement may request that such Seller Holder’s Registrable Securities be removed from
such registration statement, in which event the Company shall promptly either withdraw such registration statement or file a post-effective amendment to such registration statement removing such Registrable Securities; 

(c) furnish to each such Selling Holder such number of copies of such registration statement, each amendment and supplement thereto (in
each case including all exhibits thereto), the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as such Selling Holder may reasonably request in order to facilitate the disposition
of the Registrable Securities owned by such Selling Holder; 
 (d) notify the Selling Holders promptly, and (if requested by any
such Person) confirm such notice in writing, (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to a registration statement or any post-effective amendment, when the same has become
effective under the Securities Act and each applicable state Law, (ii) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a registration statement or related prospectus or for
additional information, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of a registration statement or the initiation of any proceedings for that purpose, (iv) if at any time the representations or
warranties of the Company or any of its subsidiaries contained in any agreement (including any underwriting agreement) contemplated by Section 5(i) below cease to be true and correct in any material respect, (v) of the receipt by the
Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose,
(vi) of the happening of any event which makes any statement made in such registration statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that
requires the making of any changes in such registration statement, prospectus or documents so that, in the case of the registration statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein not misleading, and that in the case of the prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and (vii) of the Company’s reasonable determination that a post-effective amendment to a registration statement would be
appropriate; 

  
 Exhibit B-9

 (e) use commercially reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of a registration statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment; 

(f) cooperate with the Selling Holders and the managing Underwriter(s) to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold, which certificates shall not bear any restrictive legends and shall be in a form eligible for deposit with The Depositary Trust Company; 

(g) use commercially reasonable efforts to register or qualify such Registrable Securities as promptly as practicable under such other
securities or blue sky laws of such jurisdictions as any Selling Holder or managing Underwriter reasonably (in light of the intended plan of distribution) requests and do any and all other acts and things which may be reasonably necessary or
advisable to enable such Selling Holder or managing Underwriter to consummate the disposition in such jurisdictions of the Registrable Securities owned by such Selling Holder; provided that the Company will not be required to (i) qualify
generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph (g), (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general service of process in any
such jurisdiction; 
 (h) use commercially reasonable efforts to cause such Registrable Securities to be registered with or
approved by such other governmental agencies or authorities, if any, as may be required of the Company to enable the Selling Holder or Selling Holders thereof to consummate the disposition of such Registrable Securities; 

(i) enter into customary agreements (including an underwriting agreement in customary form with customary indemnification provisions) and
take such other actions as are reasonably required or advisable in order to expedite or facilitate the disposition of such Registrable Securities, including providing reasonable availability of appropriate members of senior management of the Company
to provide customary due diligence assistance in connection with any offering and to participate in customary “road show” presentations in connection with any underwritten offerings in substantially the same manner as they would in an
underwritten primary registered public offering by the Company of its Common Stock, after taking into account the reasonable business requirements of the Company in determining the scheduling and duration of any road show; 

(j) make available for inspection by any Selling Holder of such Registrable Securities, any Underwriter participating in any disposition
pursuant to such registration statement and any attorney, accountant or other professional retained by any such Selling Holder or Underwriter (collectively, the “Inspectors”), all financial and other records, pertinent
corporate documents and properties of the Company (collectively, the “Records”) as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors
and employees to supply all information reasonably requested by any such Inspectors in connection with such registration statement. Each Selling Holder of such Registrable Securities agrees that information obtained by it as a result of such
inspections shall be deemed confidential and shall not be used by it as the basis for any market transactions in the 

  
 Exhibit B-10

 
securities of the Company or its Affiliates unless and until such is made generally available to the public (other than by such Selling Holder). Each Selling Holder of such Registrable Securities
further agrees that it will, as soon as practicable upon learning that disclosure of such Records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company at its expense to undertake appropriate action to
prevent disclosure of the Records deemed confidential; 
 (k) use commercially reasonable efforts to obtain a comfort letter or
comfort letters from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by comfort letters as the managing Underwriter(s) reasonably request(s); 

(l) otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC, and make available to
its security holders, as soon as reasonably practicable, an earnings statement covering a period of twelve months, beginning within three months after the effective date of the registration statement, which earnings statement shall satisfy the
provisions of Section 11(a) of the Securities Act; 
 (m) use commercially reasonable efforts to cause all such Registrable
Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed or quoted on any inter-dealer quotation system on which similar securities issued by the Company are then quoted; 

(n) if any event contemplated by Section 5(d)(vi) above shall occur, as promptly as practicable prepare a supplement or amendment or
post-effective amendment to such registration statement or the related prospectus or any document incorporated therein by reference or promptly file any other required document so that, as thereafter delivered to the purchasers of the Registrable
Securities, the prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were
made, not misleading; and 
 (o) cooperate and assist in any filing required to be made with FINRA and in the performance of any
due diligence investigation by any underwriter, including any “qualified independent underwriter,” or any Selling Holder. 
 Notwithstanding anything contained herein to the contrary, the Company hereby agrees that (i) any Demand Registration that is a “shelf” registration pursuant to Rule 415 under the
Securities Act shall contain all language (including on the prospectus cover page, the principal stockholders’ chart and the plan of distribution) as may be reasonably requested by a holder of Registrable Securities. The Company may require
each Selling Holder to promptly furnish in writing to the Company such information regarding the distribution of the Registrable Securities as it may from time to time reasonably request and such other information as may be legally required in
connection with such registration. Notwithstanding anything herein to the contrary, the Company shall have the right to exclude from any offering the Registrable Securities of any Selling Holder who does not comply with the provisions of the
immediately preceding sentence. 

  
 Exhibit B-11

 Each Selling Holder agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 5(d)(vi) hereof, such Selling Holder will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such
Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 5(n) hereof, and, if so directed by the Company, such Selling Holder will deliver to the Company all copies, other than permanent file
copies, then in such Selling Holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. In the event the Company shall give such notice, the Company shall extend the period
during which such registration statement shall be maintained effective (including the period referred to in Section 5(b) hereof) by the number of days during the period from and including the date of the giving of notice pursuant to
Section 5(d)(vi) hereof to the date when the Company shall make available to the Selling Holders of Registrable Securities covered by such registration statement a prospectus supplemented or amended to conform with the requirements of
Section 5(n) hereof. 
 6. Registration Expenses. Subject to the provisions in
Section 2(b) above with respect to a withdrawn Demand Registration, in connection with any registration statement required to be filed hereunder, the Company shall pay the following registration expenses (the “Registration
Expenses”): 
 (a) all registration and filing fees (including with respect to filings to be made with FINRA);

 (b) fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel
in connection with blue sky qualifications of the Registrable Securities); 
 (c) printing expenses; 

(d) internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties);

 (e) the fees and expenses incurred in connection with the listing on an exchange of the Registrable Securities if the Company
shall choose, or be required pursuant to Section 5(m), to list such Registrable Securities; 
 (f) reasonable fees and
disbursements of counsel for the Company and customary fees and expenses for independent certified public accountants retained by the Company (including the expenses of any comfort letters requested pursuant to Section 5(k) hereof); 

(g) the reasonable fees and expenses of any special experts retained by the Company in connection with such registration; 

(h) reasonable fees and expenses of one counsel reasonably acceptable to the Company selected by the Selling Holders incurred in
connection with the registration of such Registrable Securities hereunder; and 

  
 Exhibit B-12

 (i) fees and expenses of any “qualified independent underwriter” or other
independent appraiser participating in any offering pursuant to Rule 2720 of the FINRA Manual. 
 The Company shall not have any
obligation to pay any underwriting fees, discounts, or commissions attributable to the sale of Registrable Securities or, except as provided by clause (b), (h) or (i) above, any out-of-pocket expenses of the Holders (or the agents who
manage their accounts) or the fees and disbursements of any Underwriter. 
 7. Indemnification;
Contribution. 
 (a) Indemnification by the Company. The Company agrees to indemnify and hold harmless each
Selling Holder, each Person, if any, who controls such Selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, and the officers, directors, agents, general and limited partners, and
employees of each Selling Holder and each such controlling Person from and against any and all losses, claims, damages, liabilities (joint or several), and expenses (including reasonable costs of investigation and attorneys’ fees) arising out
of or based upon any untrue statement or alleged untrue statement of a material fact contained in any registration statement or prospectus relating to the Registrable Securities or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or based upon any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as such losses, claims, damages,
liabilities or expenses arise out of, or are based upon and in conformity with, any such untrue statement or omission or allegation thereof based upon information furnished in writing to the Company by such Selling Holder or on such Selling
Holder’s behalf expressly for use therein. The Company also agrees to indemnify any Underwriters of the Registrable Securities, their officers and directors and each Person who controls such Underwriters on substantially the same basis as that
of the indemnification of the Selling Holders provided in this Section 7(a). 
 (b) Indemnification by Holder of
Registrable Securities. Each Selling Holder agrees to indemnify and hold harmless each other Selling Holder, the Company, and each Person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act and the officers, directors, agents and employees of each other Selling Holder, the Company and each such controlling Person to the same extent as the foregoing indemnity from the Company to such Selling Holder,
but only with respect to information furnished in writing by such Selling Holder or on such Selling Holder’s behalf expressly for use in any registration statement or prospectus relating to the Registrable Securities. The liability of any
Selling Holder under this Section 7(b) shall be limited to the aggregate cash and property received by such Selling Holder pursuant to the sale of Registrable Securities covered by such registration statement or prospectus. 

(c) Conduct of Indemnification Proceedings. If any action or proceeding (including any governmental investigation) shall be
brought or asserted against any Person entitled to indemnification under Section 7(a) or 7(b) above (an “Indemnified Party”) in respect of which indemnity may be sought from any Person who has agreed to provide such
indemnification under Section 7(a) or 7(b) above (an “Indemnifying Party”), the Indemnified Party shall give prompt written notice to the Indemnifying Party and the Indemnifying Party shall assume the defense

  
 Exhibit B-13

 
thereof, including the employment of counsel reasonably satisfactory to such Indemnified Party, and shall assume the payment of all reasonable expenses of such defense. Such Indemnified Party
shall have the right to employ separate counsel in any such action or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless (i) the Indemnifying
Party has agreed to pay such fees and expenses or (ii) the Indemnifying Party fails promptly to assume the defense of such action or proceeding or fails to employ counsel reasonably satisfactory to such Indemnified Party or (iii) the named
parties to any such action or proceeding (including any impleaded parties) include both such Indemnified Party and Indemnifying Party (or an Affiliate of the Indemnifying Party), and such Indemnified Party shall have been advised by counsel that
there may be one or more legal defenses available to the Indemnified Party that are different from or additional to those available to the Indemnifying Party, or there is a conflict of interest on the part of counsel employed by the Indemnifying
Party to represent such Indemnified Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not have
the right to assume the defense of such action or proceeding on behalf of such Indemnified Party). Notwithstanding the foregoing, the Indemnifying Party shall not, in connection with any such action or proceeding or separate but substantially
similar related actions or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable at any time for the fees and expenses of more than one separate firm of attorneys (together in each case with
appropriate local counsel). The Indemnifying Party shall not be liable for any settlement of any such action or proceeding effected without its written consent (which consent will not be unreasonably withheld), but if settled with its written
consent, or if there be a final judgment for the plaintiff in any such action or proceeding, the Indemnifying Party shall indemnify and hold harmless such Indemnified Party from and against any loss or liability (to the extent stated above) by
reason of such settlement or judgment. The Indemnifying Party shall not consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified
Party of a release, in form and substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such action or proceeding for which such Indemnified Party would be entitled to indemnification hereunder. 

(d) Contribution. If the indemnification provided for in this Section 7 is unavailable to the Indemnified Parties in respect
of any losses, claims, damages, liabilities or judgments referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Parties, shall contribute to the amount paid or payable by such Indemnified Parties as a result
of such losses, claims, damages, liabilities and judgments as between the Company on the one hand and each Selling Holder on the other, in such proportion as is appropriate to reflect the relative fault of the Company and of each Selling Holder in
connection with the statements or omissions which resulted in such losses, claims, damages, liabilities or judgments, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of each Selling
Holder on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such
Person, and such Persons’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

  
 Exhibit B-14

 The Company and the Selling Holders agree that it would not be just and equitable if
contribution pursuant to this Section 7(d) were determined by any method of allocation which does not take into account the equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an
Indemnified Party as a result of the losses, claims, damages, liabilities or judgments referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably
incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 7(d), no Selling Holder shall be required to contribute any amount in excess of the amount
by which the total price at which the Registrable Securities of such Selling Holder were offered to the public (less any underwriting discounts or commissions) exceeds the amount of any damages which such Selling Holder has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
Person who was not guilty of such fraudulent misrepresentation. 
 8. Participation in Underwritten
Registrations. No Holder may participate in any underwritten registration hereunder unless such Holder (a) agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements approved
by the Person entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, custody agreements, indemnities, underwriting agreements and other documents reasonably required under the
terms of such underwriting arrangements and this Registration Rights Agreement. 
 9. Transfers of Registration
Rights. The provisions hereof will inure to the benefit of and be binding upon the successors and assigns of each of the parties hereto, except as otherwise provided herein; provided, however, that the registration
rights granted hereby may be transferred only (i) by operation of Law or (ii) to any Person to whom a Holder transfers Registrable Securities, provided that any such transferee shall not be entitled to rights pursuant to
Section 2, 3 or 4 hereof unless such transferee of registration rights hereunder agrees to be bound by the terms and conditions hereof and executes and delivers to the Company an acknowledgment and agreement to such effect. 

10. Information Rights in Private Sale. If any Demand Holders who then hold in the aggregate a minimum of 15%
of the Fully-Diluted Common Stock (such Demand Holders, for purposes of this Section 10, being herein called the “Disposing Holders”) propose to Transfer in a private transaction Registrable Securities having a fair
market value in excess of $20,000,000, as determined in good faith by such Disposing Holders, then held by such Disposing Holders, then, the Company shall afford to such Disposing Holders, such prospective transferees and their respective counsel,
accountants, lenders and other representatives, full access during normal business hours to the properties, books, contracts, records and management of the Company in order that such parties may have full opportunity to make such investigations as
they shall desire to make of the Company and shall, upon request, promptly furnish to such parties all other information concerning the Company as such parties may reasonably request in connection with such prospective transfer, in each case subject
to such confidentiality restrictions or obligations as the Company may reasonably require; provided, however, that any such investigation shall be conducted in such a manner as not to interfere unreasonably with the Company’s
business and operations. 

  
 Exhibit B-15

 11. Entire Agreement. The foregoing provisions of this
Exhibit B and the provisions of the Agreement contain the entire understanding of the parties hereto and thereto respecting the subject matter hereof and supersede all prior agreements, discussions and understandings with respect thereto.

 12. Miscellaneous; Amendment; Termination. The provisions of Sections 1.1, 1.2, 5.1, 5.3, 5.4,
5.5, 5.7, 5.9, 5.11 and 5.13 of the Agreement shall apply to this Registration Rights Agreement. The provisions of this Registration Rights Agreement may only be amended by the written consent of the Company and the Demand Holders (if the Demand
Holders then own Registrable Securities); provided, however, that any amendment that has an adverse effect on the rights of, or imposes additional obligations on, the Holders other than the Demand Holders shall require the consent of such
Holders other than the Demand Holders that hold in the aggregate at least 50% of the Registrable Securities then held by such Holders (if such Holders then own Registrable Securities). The Holders acknowledge and agree that any Person that becomes a
Stockholder shall have the rights and obligations set forth in this Registration Rights Agreement and that such Person becoming a Stockholder shall be deemed not to be an amendment to this Registration Rights Agreement. The provisions of this
Registration Rights Agreement shall terminate and be of no further force or effect as of and following the tenth anniversary of the date hereof; provided that the provisions of Section 7 of this Registration Rights Agreement shall
survive for any sales of Registrable Securities prior to such date. 

  
 Exhibit B-16

 AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT 

This Amendment No. 1, dated as of June 14, 2011 (this “Amendment”), is made to the Registration Rights Agreement
attached as Exhibit B (the “Original Agreement”) to that certain Amended and Restated Stockholders Agreement, dated as of August 2, 2010, by and among Forum Energy Technologies, Inc., a Delaware corporation
(“Company”), and the persons listed as “Stockholders” on the signature pages thereto. This Amendment is by and among the Company, SCF-V, L.P., a Delaware limited partnership (“SCF-V”), SCF-VI, L.P., a
Delaware limited partnership (“SCF-VI”), and SCF-VII, L.P., a Delaware limited partnership (“SCF-VII” and together with SCF-V and SCF-VI, the “Demand Holders”). 

RECITALS: 

WHEREAS, the Company and the Demand Holders desire to amend the Original Agreement. 

WHEREAS, pursuant to Section 12 of the Original Agreement, the Original Agreement may be amended by the written consent of the
Company and the Demand Holders. 
 NOW, THEREFORE, the parties hereto, in consideration of the premises and of the mutual
covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows: 
 ARTICLE I 
 DEFINITIONS 

Section 1.1 Definitions. Unless otherwise defined herein, capitalized terms used in this Amendment shall have the
respective meaning ascribed to such terms in the Original Agreement. 
 ARTICLE II 

AMENDMENT TO THE ORIGINAL AGREEMENT 
 Section 2.1 Amendment to Section 3(a) of the Original Agreement. The first sentence of Section 3(a) of the Original Agreement is hereby amended by inserting the following at
the end of such sentence: 
 provided further, however, that in the case of an offering intended to be an Initial Public
Offering, the Company shall not be obligated to provide written notice of any proposed filing of a registration statement to the Holders of the Registrable Securities until no less than 15 days before the anticipated filing date of a registration
statement (or a pre-effective amendment thereof) that first identifies SCF as a selling stockholder in such registration statement. 

  
 1 

 ARTICLE III 
 GENERAL PROVISIONS 
 Section 3.1 Effectiveness and
Ratification. All of the provisions of this Amendment shall be effective as of the date hereof. Except as specifically provided for in this Amendment, the terms of the Original Agreement remain in full force and effect. In the event of any
conflict or inconsistency between the terms of this Amendment and the Original Agreement, the terms of this Amendment shall prevail and govern. 
 Section 3.2 Severability. If any provision of this Amendment or the application thereof to any Person or circumstance is held invalid or unenforceable to any extent, the remainder of
this Amendment and the application of that provision to other Persons or circumstances shall not be affected thereby and that provision shall be enforced to the greatest extent permitted by Law. Furthermore, in lieu of each such invalid or
unenforceable provision, there shall be added automatically as a part of this Amendment a provision as similar in terms to such invalid or unenforceable provisions as may be possible and be legal, valid and enforceable. 

Section 3.3 Amendment; Entire Agreement. Whenever the Agreement is referred to in the Original Agreement or in any
other agreement, documents and instruments, such reference shall be deemed to be to the Original Agreement as amended by this Amendment. The Original Agreement, as amended by this Amendment, and the exhibits and schedules thereto and the documents,
information supplied in writing, and instruments referred to therein, constitute the entire agreement and supersedes all other prior agreements and understandings, both oral and written, among the parties or any of them, with respect to the subject
matter hereof and thereof. 
 Section 3.4 Governing Law. This Amendment is governed by and shall be construed
in accordance with the law of the State of Delaware without regard to the principles of conflicts of law thereof. 

Section 3.5 Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed an original, and all such counterparts together shall constitute one instrument. Delivery of a copy of this Amendment bearing an original signature by facsimile transmission or by electronic mail shall have the same
effect as physical delivery of the paper document bearing the original signature. 

  
 2 

 IN WITNESS WHEREOF, the parties to this Amendment have caused it to be duly executed as of
the date first above written. 
  

			
	
	 FORUM ENERGY TECHNOLOGIES, INC.

		
	 By: 
	 	/s/ C. Christopher Gaut
	 Name:
	 	C. Christopher Gaut
	 Title:
	 	Chief Executive Officer
	
	SCF-V, L.P.
		
	 By:
	 	 SCF-VI, G.P, Limited Partnership,
 its general partner

		
	 By:
	 	 L.E. Simmons & Associates, Incorporated,
 its general partner

		 
		
	 By: 
	 	/s/ David C. Baldwin
	 Name:
	 	David C. Baldwin
	 Title:
	 	Managing Director
	
	SCF-VI, L.P.
		
	 By:
	 	 SCF-VI, G.P, Limited Partnership,
 its general partner

		
	 By:
	 	 L.E. Simmons & Associates, Incorporated,
 its general partner

		
	 By: 
	 	/s/ David C. Baldwin
	 Name:
	 	David C. Baldwin
	 Title:
	 	Managing Director

 Signature
Page to Amendment No. 1 to Registration Rights Agreement 

 
			
	
	SCF-VII, L.P.
		
	 By:
	 	 SCF-VII, G.P, Limited Partnership,
 its general partner

		
	 By:
	 	 L.E. Simmons & Associates, Incorporated,
 its general partner

		
	 By: 
	 	/s/ David C. Baldwin
	 Name:
	 	David C. Baldwin
	 Title:
	 	Managing Director

 Signature
Page to Amendment No. 1 to Registration Rights Agreement

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