Document:

EX-10.35

 Exhibit 10.35 
 THIRD AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT 
 This Third Amendment to
Executive Employment Agreement (this “Third Agreement Amendment”) is made and entered into by and between Goodman Networks Incorporated (the “Company”), a Texas corporation with its principal place of business in Plano,
Texas, and James E. Goodman (the “Executive”), effective as of June 24, 2009 (the “Third Amendment Effective Date”). 
 WHEREAS, the Company and the Executive entered into an Executive Employment Agreement effective January 1, 2007 (the “Existing Agreement”); 

WHEREAS, the Company and the Executive entered into a First Amendment to Executive Employment Agreement effective June 6, 2008 (the
“First Agreement Amendment”); 
 WHEREAS, the Company and the Executive entered into a Second Amendment to
Executive Employment Agreement effective July 15, 2008 (the “Second Agreement Amendment”); and 
 WHEREAS,
the Company and the Executive desire to amend and/or supplement certain provisions of the Existing Agreement, as provided herein; 
 NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein and other good and valuable consideration, the Company and the Executive agree as follows: 

Section 1: Amendment to Paragraph 2 of the Existing Agreement 

(a) Term. Paragraph 2 of the Existing Agreement is hereby amended and replaced in its entirety as follows: Subject to earlier termination
as hereinafter provided, the Executive’s employment hereunder shall be through December 31, 2010. 

Section 2: Amendment to Paragraph 3(a) of the Existing Agreement 

(a) Capacity and Performance. Paragraph 3(a) of the Existing Agreement is hereby amended and replaced in its entirety with the following:
During the term hereof, the Executive shall serve the Company in such position as the Board of Directors of the Company (the “Board”) may designate from time to time. During the term hereof, the Executive shall be employed by the Company
and shall perform such duties and responsibilities on behalf of the Company and its Affiliates as may reasonably be designated from time to time by the Board. 
 Section 3: Amendment to Paragraph 4(a) of the Existing Agreement 
 (a)
Base Salary. Paragraph 4(a) of the Existing Agreement is hereby amended and replaced in its entirety as follows: During the period from the Third Amendment Effective Date through December 31, 2009, the Company shall pay the Executive the
prorata portion of a base salary at the rate of One Hundred Seventy-Five Thousand Dollars ($175,000) per annum. Effective January 1, 2010, the Company shall pay the Executive a base salary at the rate of One Hundred Thousand

 
Dollars ($100,000) per annum. Such base salary, as adjusted herein, is hereafter referred to as “Base Salary”. Notwithstanding anything herein to the contrary, Executive’s Base
Salary shall be payable in accordance with the payroll practices of the Company for executives. 
 Section 4: Amendment
to Section 1(a) of the Second Agreement Amendment 
 (a) 1(a) Incentive and Bonus Compensation.
Section 1(a) of the Second Amendment to Executive Employment Agreement Amendment is hereby amended and replaced in its entirety as follows: With respect to the calendar year 2009, the Executive shall be entitled to receive a Bonus
comparable to that received by employees with similar base salaries (the “Bonus”) pursuant to the terms of the then-current Goodman Network Executive Management Bonus Plan, and such other incentive compensation as the Executive may be
eligible to receive under benefit plans maintained by the Company from time to time. The Bonus shall be payable in accordance with the timing of the Company’s payment of bonuses to its other senior executives for the corresponding period and in
accordance with the Company’s other policies and procedures relating to bonus compensation. With respect to the calendar year 2010, the Executive shall not be entitled to receive a Bonus. 

(b) Paragraph 1(b) (entitled 4(g) Bonus Defined Terms) of the Second Agreement Amendment is hereby deleted in its entirety. 

Section 5: Amendment to Paragraph 5(a) of the Existing Agreement 

(a) Paragraph 5(a) of the Existing Agreement is hereby amended and replaced in its entirety as follows: In the event of Executive’s
death during the term hereof, the Executive’s employment shall immediately and automatically terminate. In such event, the Company shall pay to Employee’s designated beneficiaries or, if no beneficiaries have been designated by Employee,
to his estate, (i) the Base Salary earned but not paid through the date of terminations and (ii) any business expenses incurred by Employee but un-reimbursed on the date of termination, provided that such expenses and required
substantiation and documentation are submitted within ninety (90) days of termination and such expenses are reimbursable under Company policy (all of the foregoing, “Final Compensation”). In addition, the Company shall pay to
Employee’s beneficiaries or estate (i) the Bonus earned by, and any other incentive compensation awarded to, Employee but unpaid as of the date of termination, and (ii) if the date of termination is on or after April 1 of any
calendar year, a prorated portion of the Bonus that would have been earned by Employee for that year, determined by the then-current Goodman Network Executive Management Bonus Plan (collectively, the “Final Bonus”), payable at the time
bonuses are payable to executives of the Company generally. The Company shall have no further obligation to Employee hereunder. 

Section 6: Amendment to Paragraph 5(d) of the Existing Agreement 

(a) Paragraph 5(d) of the Existing Agreement is hereby amended and replaced in its entirety as follows: In the event of termination by the
Executive for Good Reason, as hereinafter defined, during the calendar year 2009, in addition to Final Compensation and any Final Bonus, the Executive shall be entitled to severance of One Hundred Twenty Thousand Dollars ($120,000), (the “2009
Severance Payment”), provided that if benefits are payable to the Executive under a separate severance agreement or an executive severance plan as a result of such termination, the amount payable under such agreement or plan shall be offset
against the amount of the 2009 

 
Severance Payment under this paragraph. In the event of such termination during the calendar year 2010 or upon the expiration of the term of this Agreement on December 31, 2010, in addition
to Final Compensation and any Final Bonus, the Executive shall be entitled to receive severance of One Hundred Thousand Dollars ($100,000), (the “2010 Severance Payment”), provided that if benefits are payable to the Executive under a
separate severance agreement or an executive severance plan as a result of such termination, the amount payable under such agreement or plan shall be offset against the amount of the 2010 Severance Payment under this paragraph. Notwithstanding the
foregoing, the Executive shall not be entitled to the 2009 Severance Payment or the 2010 Severance Payment under this Paragraph 5(d) if termination of the Executive is due to the death or disability of the Executive. Further, any obligation of the
Company to provide the Executive the 2009 Severance Payment or the 2010 Severance Payment is conditioned on the Executive signing and delivering to the Company an effective release of claims in the form provided by the Company (the
“Release”) within thirty (30) days’ after the Company has provided to the Executive the written form of the Release requested. The 2009 Severance Payment or the Post 2009 Severance Payment will be payable in eight (8) equal
payments, with one (1) being at the Company’s next regular payroll period which is at least five business days following the effective date of the Release or the date the Release is received by the Company. Each of the remaining seven
(7) payments will be paid quarterly following the date the Release is received by the Company. Additionally, the Executive upon expiration of the Existing Agreement will be permitted to retain the laptop (hardware only) and the mobile phone
assigned to him. 
 Section 7: Amendment to Paragraph 5(e) of the Existing Agreement 

By the Executive for Good Reason. Executive agrees that Paragraph 5(e)(i) of the Existing Agreement is hereby deleted in its
entirety. 
 (a) Paragraph 5(e)(ii) of the Existing Agreement is hereby amended and restated in its entirety as follows: Any
requirement by the Company or a subsidiary that the Executive relocate to, or perform any of his duties hereunder, at any location that is more than fifty (50) miles from the office that the Company maintains on the date of this Agreement in
Plano, Texas; provided, however, that reasonable and customary business travel, and the expectation that the Executive will perform certain functions in other offices of the Company in the ordinary course of business consistent with past practices
shall not be deemed a required relocation under this paragraph (iii). 
 (b) A Change of Control of the Company. Notwithstanding
anything in Paragraph 5(e)(iv) of the Existing Agreement (entitled “A Change of Control of the Company”) to the contrary, “Change of Control” does not include transaction(s) arising from The Stephens Group, LLC’s investment
in the Company, as memorialized in the June 24, 2009 Stock Purchase Agreement by and between Goodman Networks Incorporated and SG-Goodman, LLC, including the exhibits attached to such Stock Purchase Agreement. 

Section 8: Supplement to Paragraph 7 of the Existing Agreement 

Executive agrees that the following terms in this Section 8 of this Third Agreement Amendment are hereby added to Paragraph 7 of the
Existing Agreement. The following terms do not replace Paragraph 7 of the Existing Agreement; rather, the following terms supplement the terms in Paragraph 7 of the Existing Agreement. 

 7.01 (a)(i) Confidential Information. The Company will provide Executive with
additional specialized knowledge regarding the Company’s business and additional confidential information and trade secrets of the Company (hereinafter referred to as “Confidential Information”). In addition to the information defined
as “Confidential Information” in the Existing Agreement, for purposes of this Third Agreement Amendment, “Confidential Information” includes, but is not limited to, 

(a) Prospect lists developed by the Company; 
 (b) Information regarding the Company’s customers, including but not limited to, customer contracts, work performed for customers, customer contacts, customer requirements and needs, data used by the
Company to formulate customer bids, customer financial information, and other information regarding the customer’s business; 
 (c) Information related to the Company’s business, including but not limited to marketing strategies and plans, sales procedures, operating policies and procedures, pricing strategies, and other
business and financial information of the company; 
 (d) Training materials developed by and utilized by the Company; and

 (e) Any other information that Executive acquired as a result of Executive’s employment with the Company and that
Executive has a reasonable basis to believe the Company would not want disclosed to a business competitor or to the general public. 
 Executive understands and acknowledges that such Confidential Information gives the Company a competitive advantage over others who do not have the information, and that the Company would be harmed if the
Confidential Information were disclosed. 
 7.01(a)(ii). Disclosure Of Confidential Information.  

Executive agrees to hold all Confidential Information of the Company in trust for the Company and agrees not to: (a) use the
information for any purpose other than the benefit of the Company; or (b) disclose to any person or entity any Confidential Information of the Company except as necessary during Executive’s employment with the Company to perform services
on behalf of the Company. Executive will also take reasonable steps to safeguard such Confidential Information and to prevent its disclosure to unauthorized persons. 
 7.0l(a)(iii). Return Of Information. Upon termination of employment, or at any earlier time as directed by the Company, Executive shall immediately deliver to the Company any and all
Confidential Information in Executive’s possession, any other documents or information that Executive acquired as a result of Executive’s employment with the Company and any copies of any such documents/information. Executive shall not
retain any originals or copies of any documents or materials related to the Company’s business, which Executive came into possession of or created as a result of Executive’s employment with the Company. Executive acknowledges that such
information, documents and materials are the exclusive property of the Company. In addition, upon termination of employment, or at any time earlier as directed by the Company, Executive shall immediately deliver to the Company any property of the
Company in Executive’s possession. 

 7.03.1. Restrictive Covenants 

Executive acknowledges that in order to effectuate the promise to hold additional Confidential Information in trust for the Company and in
order to protect the Company’s legitimate business interests, it is necessary to enter into the following restrictive covenants. Without the prior written consent of the Company, Executive shall not, during his employment at the Company or for
a period of twelve (12) months following the termination of employment: 
 (i) Engage in or perform services for a Competing
Business. For purposes of this Agreement, “Competing Business” is one which provides the same or substantially the same products and services as those provided by the Company during the Executive’s employment, including, but
not limited to telecom consulting, telecom field services (defined as telecom field services outside the demarcation) to the extent annual revenues from such services exceed $5 million, wireline EFI&T services, wireless EFI&T services, and
retrofits. It is agreed that Competing Business does not include the following business services currently provided by or engaged in by Genesis Networks, Inc. or Genesis Networks Enterprise LLC: any electronic manufacturing services (contract
manufacturing) for OEM telecom and cable companies, CLEC or RBOC; information technology; Enterprise Services including wireless, wireline, video, Mesh and Teleconference enterprise/DataCom services; Uverse field services; consumer home services;
staffing; value added reselling; and Enterprise Services for OEM telecom and cable companies, CLEC or RBOC (the “Non-Competing Businesses”). The geographic area for purposes of this restriction is the area(s) within the United States.

 The Company agrees that during the term of this restrictive covenant it shall not materially engage in any of the
Non-Competing Businesses. 
 (ii) Have any indirect or direct financial interest in a Competing Business; provided, however, that
the ownership by the Executive of any stock listed on any national securities exchange of any corporation conducting a competing business shall not be deemed a violation of this Agreement if the aggregate amount of such stock owned by the Executive
does not exceed five percent (5%) of the total outstanding stock of such corporation; 
 (iii) Solicit business from,
attempt to do business with, or do business with any person or entity that was a customer/client of the Company during the Executive’s employment with the Company and which Executive either: (a) called on, serviced, did business with or
had contact with during his employment; or (b) became acquainted with or received Confidential Information regarding during his employment. This restriction applies only to business that is in the scope of services or products provided by the
Company. The geographic area for purposes of this restriction is the area where the customer/client is located and/or does business; or 
 (iv) Solicit, induce or attempt to solicit or induce, on behalf of himself or any other person or entity, any employee of the Company to terminate their employment with the Company and/or to accept
employment elsewhere. 

 Executive agrees that the Six-Month Extension, as stated herein, is necessary for the
reasonable and proper protection of the Company and its Affiliates. 
 In the event any court of competent jurisdiction holds
the Six-Month Extension, as stated herein, is invalid, illegal or unenforceable in any respect, the restrictive covenants stated in the Existing Agreement shall not be affected or invalidated and shall remain in full force and effect. 

In the event any court of competent jurisdiction holds the Six-Month Extension of the restrictive covenants in the Existing Agreement, as
stated herein, is unreasonable and/or unenforceable as written, the court may reform the Six-Month Extension to make it enforceable, and the Existing Agreement and the Six-Month Extension shall remain in full force and effect as reformed by the
court. 
 Section 9: Miscellaneous 
 (a) Except as specifically set forth herein, no other provision of the Existing Agreement is amended, modified, or supplemented hereby, and the Existing Agreement, as amended, modified, or supplemented
hereby, shall remain in full force and effect. From and after the Third Amendment Effective Date, all references to the Existing Agreement, including references in the Existing Agreement and in the Third Agreement Amendment to “The
Agreement” or “This Agreement,” shall be deemed references to the Existing Agreement as amended, modified, or supplemented by this Third Agreement Amendment. 
 (b) Upon the Third Amendment Effective Date, the Company will terminate payment of Executive’s administrative and office support. 

[Signature Page to Follow] 

 IN WITNESS WHEREOF, the parties have executed this Third Agreement Amendment as of
the date first set forth above. 
  

							
	THE EXECUTIVE	 		 	GOODMAN NETWORKS INCORPORATED
				
	 /s/ James Goodman
	 		 	By:	 	 /s/ John Goodman

	James E. Goodman	 		 	Title:	 	CEOEX-10.36

 Exhibit 10.36 
 GOODMAN NETWORKS, INCORPORATED 
 2000 EQUITY INCENTIVE PLAN

 The Goodman Networks, Incorporated 2000 Equity Incentive Plan (the “Plan”) was adopted by the Board of
Directors of Goodman Networks, Incorporated, a Texas corporation (the “Company”), effective as of October 2, 2000 and was approved by the Company’s stockholders as of October 2, 2000. 

ARTICLE 1 

PURPOSE 

The purpose of the Plan is to foster and promote the long-term financial success of the Company and its Subsidiaries and materially
increase the value of the Company and its Subsidiaries by (a) encouraging the long-term commitment of the Employees, Consultants, and Outside Directors of the Company and its Subsidiaries, (b) motivating performance of the Employees,
Consultants, and Outside Directors of the Company and its Subsidiaries by means of long-term performance related incentives, (c) encouraging and providing Employees, Consultants, and Outside Directors of the Company and its Subsidiaries with an
opportunity to obtain an ownership interest in the Company, (d) attracting and retaining outstanding Employees, Consultants, and Outside Directors by providing incentive compensation opportunities, and (e) enabling participation by
Employees, Consultants, and Outside Directors in the long-term growth and financial success of the Company and its Subsidiaries. 
 With respect to Reporting Participants, the Plan and all transactions under the Plan are intended to comply with all applicable conditions of Rule 16b-3 promulgated under the Securities Exchange Act of
1934 (the “1934 Act”). To the extent any provision of the Plan or action by the Committee fails to so comply, it shall be deemed null and void ab initio, to the extent permitted by law and deemed advisable by the Committee.

 ARTICLE 2 

DEFINITIONS 
 For the purpose of the Plan, unless the context requires otherwise, the following terms shall have the meanings indicated: 
 2.1 “Award” means the grant of any Incentive Stock Option, Nonqualified Stock Option, or Restricted Stock whether granted singly or in combination (each individually referred to herein as an
“Incentive”). 
 2.2 “Award Agreement” means a written agreement between a Participant and the Company which
sets out the terms of the grant of an Award. 

 2.3 “Award Period” means the period set forth in the Award Agreement with respect
to a Stock Option during which the Stock Option may be exercised, which shall commence on the Date of Grant and expire at the time set forth in the Award Agreement. 
 2.4 “Board” means the board of directors of the Company. 
 2.5
“Change of Control” means any of the following: (i) Continuing Directors cease to constitute at least fifty percent (50%) of the members of the Board; (ii) the stockholders of the Company approve any plan or proposal for the
liquidation or dissolution of the Company; (iii) any consolidation, merger or share exchange of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of the Company’s Common Stock would
be converted into cash, securities or other property; or (iv) any sale, lease, exchange or other transfer (excluding transfer by way of pledge or hypothecation) in one transaction or a series of related transactions, of all or substantially all
of the assets of the Company; provided, however, that a transaction described in clause (iii) or (iv) shall not constitute a Change in Control hereunder if after such transaction (I) Continuing Directors constitute at
least fifty percent (50%) of the members of the Board of Directors of the continuing, surviving or acquiring entity, as the case may be or, if such entity has a parent entity directly or indirectly holding at least a majority of the voting
power of the voting securities of the continuing, surviving or acquiring entity, Continuing Directors constitute at least fifty percent (50%) of the members of the Board of Directors of the entity that is the ultimate parent of the continuing,
surviving or acquiring entity, and (II) the continuing, surviving or acquiring entity (or the ultimate parent of such continuing, surviving or acquiring entity) assumes all outstanding Stock Options under this Plan. “Continuing Directors”
means Board members who (x) at the date of this Plan were directors or (y) become directors after the date of this Plan and whose election or nomination for election by the Company’s stockholders was approved by a vote of a majority
of the directors then in office who were directors at the date of this Plan or whose election or nomination for election was previously so approved. 
 2.6 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.7
“Committee” means the committee appointed or designated by the Board to administer the Plan in accordance with Article 3 of this Plan. 
 2.8 “Common Stock” means the common stock, par value $0.01 per share, which the Company is currently authorized to issue or may in the future be authorized to issue, or any securities into which
or for which the common stock of the Company may be converted or exchanged, as the case may be, pursuant to the terms of this Plan. 
 2.9 “Company” means Goodman Networks, Incorporated, a Texas corporation, and any successor entity. 
 2.10 “Consultant” means any person performing advisory or consulting services for the Company or a Subsidiary, with or without compensation, to whom the Company chooses to grant an Award in
accordance with the Plan, provided that bona fide services must be rendered by such person and such services shall not be rendered in connection with the offer or sale of securities in a capital raising transaction. 

  
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 2.11 “Corporation” means any entity that (i) is defined as a corporation
under Code Section 7701 and (ii) is the Company or is in an unbroken chain of corporations (other than the Company) beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock
possessing a majority of the total combined voting power of all classes of stock in one of the other corporations in the chain. For purposes of clause (ii) hereof, an entity shall be treated as a “corporation” if it satisfies the
definition of a corporation under Section 7701 of the Code. 
 2.12 “Date of Grant” means the effective date on
which an Award is made to a Participant as set forth in the applicable Award Agreement; provided, however, that solely for purposes of Section 16 of the 1934 Act and the rules and regulations promulgated thereunder, the Date of Grant of an
Award shall be the date of stockholder approval of the Plan if such date is later than the effective date of such Award as set forth in the Award Agreement. 
 2.13 “Employee” means common law employee (as defined in accordance with the Regulations and Revenue Rulings then applicable under Section 3401(c) of the Code) of the Company or any
Subsidiary of the Company. 
 2.14 “Fair Market Value” means, as of a particular date, (a) if the shares of
Common Stock are listed on a national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for the principal securities exchange for the Common Stock on that date, or, if there shall
have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, (b) if the shares of Common Stock are not so listed but are quoted on the Nasdaq National Market System, the closing sales price
per share of Common Stock on the Nasdaq National Market System on that date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported, (c) if the Common Stock is not so
listed or quoted, the mean between the closing bid and asked price on that date, or, if there are no quotations available for such date, on the last preceding date on which such quotations shall be available, as reported by Nasdaq, or, if not
reported by Nasdaq, by the National Quotation Bureau, Inc., or (d) if none of the above is applicable, such amount as may be determined by the Committee (acting on the advice of an Independent Third Party, should the Board elect in its sole
discretion to utilize an Independent Third Party for this purpose), in good faith, to be the fair market value per share of Common Stock. 
 “Independent Third Party” means an individual or entity independent of the Company having experience in providing investment banking or similar appraisal or valuation services and with expertise
generally in the valuation of securities or other property for purposes of this Plan. The Board may utilize one or more Independent Third Parties. 
 2.15 “Incentive Stock Option” means an incentive stock option within the meaning of Section 422 of the Code, granted pursuant to this Plan. 

  
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 2.16 “Nonpublicly Traded” means not listed on a national securities exchange
registered with the Securities and Exchange Commission or designated for trading on the Nasdaq National Market. 
 2.17
“Nonqualified Stock Option” means a nonqualified stock option, granted pursuant to this Plan, to which Section 421 of the Code does not apply. 
 2.18 “Option Price” means the price which must be paid by a Participant upon exercise of a Stock Option to purchase a share of Common Stock. 

2.19 “Outside Director” means a director of the Company who is not an Employee. 

2.20 “Participant” shall mean an Employee, Consultant, or Outside Director of the Company or a Subsidiary to whom an Award is
granted under this Plan. 
 2.21 “Plan” means this Goodman Networks 2000 Equity Incentive Plan, as amended from time
to time. 
 2.22 “Reporting Participant” means a Participant who is subject to the reporting requirements of
Section 16 of the 1934 Act. 
 2.23 “Restricted Stock” means shares of Common Stock issued or transferred to a
Participant pursuant to Section 6.5 of this Plan which are subject to restrictions or limitations set forth in this Plan and in the related Award Agreement. 
 2.24 “Retirement” means any Termination of Service solely due to retirement upon or after attainment of age sixty-five (65), or permitted early retirement as determined by the Committee.

 2.25 “Stock Option” means a Nonqualified Stock Option or an Incentive Stock Option. 

2.26 “Subsidiary” means (i) any Corporation (as defined herein), (ii) any limited partnership, if the Company or any
Corporation owns a majority of the general partnership interest and a majority of the limited partnership interests entitled to vote on the removal and replacement of the general partner, and (iii) any partnership or limited liability company,
if the partners or members thereof are composed only of the Company, any Corporation or any limited partnership listed in item (ii) above. “Subsidiaries” means more than one of any such Corporations, limited partnerships, partnerships
or limited liability companies. 
 2.27 “Termination of Service” occurs when a Participant who is an Employee or a
Consultant of the Company or any Subsidiary shall cease to serve as an Employee or Consultant of the Company and its Subsidiaries, for any reason; or, when a Participant who is an Outside Director of the Company or a Subsidiary shall cease to serve
as a director of the Company and its Subsidiaries for any reason. 

  
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 2.28 “Total and Permanent Disability” means a Participant is qualified for
long-term disability benefits under the Company’s or Subsidiary’s disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Participant is not eligible to participate in such plan or policy, that the
Participant, because of ill health, physical or mental disability or any other reason beyond his or her control, is unable to perform his or her duties of employment for a period of six (6) continuous months, as determined in good faith by the
Committee; provided that, with respect to any Incentive Stock Option, Total and Permanent Disability shall have the meaning given it under the rules governing Incentive Stock Options under the Code. 

ARTICLE 3 

ADMINISTRATION 
 Subject to the terms of this Article 3, the Plan shall be administered by the Board or such committee of the Board as is designated by the Board to administer the Plan (the “Committee”). The
Committee shall consist of not fewer than two persons. Any member of the Committee may be removed at any time, with or without cause, by resolution of the Board. Any vacancy occurring in the membership of the Committee may be filled by appointment
by the Board. At any time there is no Committee to administer the Plan, any references in this Plan to the Committee shall be deemed to refer to the Board. 
 If necessary to satisfy the requirements of Section 162(m) of the Code and/or Rule 16b-3 promulgated under the 1934 Act, membership on the Committee shall be limited to those members of the Board who
are “outside directors” under Section 162(m) of the Code and “non-employee directors” as defined in Rule 16b-3 promulgated under the 1934 Act. The Committee shall select one of its members to act as its Chairman. A majority
of the Committee shall constitute a quorum, and the act of a majority of the members of the Committee present at a meeting at which a quorum is present shall be the act of the Committee. 

The Committee shall determine and designate from time to time the eligible persons to whom Awards will be granted and shall set forth in
each related Award Agreement, where applicable, the Award Period, the Date of Grant, and such other terms, provisions, limitations, and performance requirements, as are approved by the Committee, but not inconsistent with the Plan. The Committee
shall determine whether an Award shall include one type of Incentive or two or more Incentives granted in combination. All decisions with respect to any Award, and the terms and conditions thereof, to be granted under the Plan to any member
of the Committee shall be made solely and exclusively by the other members of the Committee, or if such member is the only member of the Committee, by the Board. 
 The Committee, in its discretion, shall (i) interpret the Plan, (ii) prescribe, amend, and rescind any rules and regulations necessary or appropriate for the administration of the Plan,
(iii) establish performance goals for an Award and certify the extent of their achievement, and (iv) make such other determinations or certifications and take such other action as it deems necessary or advisable in the administration of
the Plan. Any interpretation, determination, or other action made or taken by the Committee shall be final, binding, and conclusive on all interested parties. 

  
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 The Committee may delegate to officers of the Company, pursuant to a written delegation,
the authority to perform specified functions under the Plan. Any actions taken by any officers of the Company pursuant to such written delegation of authority shall be deemed to have been taken by the Committee. Notwithstanding the foregoing, to the
extent necessary to satisfy the requirements of Section 162(m) of the Code and/or Rule 16b-3 promulgated under the 1934 Act, any function relating to a Reporting Participant or a covered employee (as defined in Section 162(m) of the Code)
shall be performed solely by the Committee. 
 With respect to restrictions in the Plan that are based on the requirements of
Rule 16b-3 promulgated under the 1934 Act, Section 422 of the Code, Section 162(m) of the Code, the rules of any exchange or inter-dealer quotation system upon which the Company’s securities are listed or quoted, or any other
applicable law, rule or restriction (collectively, “applicable law”), to the extent that any such restrictions are no longer required by applicable law, the Committee shall have the sole discretion and authority to grant Awards that are
not subject to such mandated restrictions and/or to waive any such mandated restrictions with respect to outstanding Awards. 

ARTICLE 4 

ELIGIBILITY 
 Any Employee (including an Employee who is also a director or an officer), Outside Director, or Consultant of the Company whose judgment, initiative, and efforts contributed or may be expected to
contribute to the successful performance of the Company is eligible to participate in the Plan; provided that only Employees of the Company shall be eligible to receive Incentive Stock Options. The Committee, upon its own action, may grant, but
shall not be required to grant, an Award to any Employee, Outside Director, or Consultant of the Company or any Subsidiary. Awards may be granted by the Committee at any time and from time to time to new Participants, or to then Participants, or to
a greater or lesser number of Participants, and may include or exclude previous Participants, as the Committee shall determine. Except as required by this Plan, Awards granted at different times need not contain similar provisions. The
Committee’s determinations under the Plan (including without limitation determinations of which Employees, Outside Directors, or Consultants, if any, are to receive Awards, the form, amount and timing of such Awards, the terms and provisions of
such Awards and the agreements evidencing same) need not be uniform and may be made by it selectively among Participants who receive, or are eligible to receive, Awards under the Plan. 

ARTICLE 5 

SHARES SUBJECT TO PLAN 
 5.1 Number Available for Awards. Subject to adjustment as provided in Articles 11 and 12, the maximum number of shares of Common Stock that may be delivered pursuant to Awards granted under
the Plan is 639,995 shares. Shares to be issued may be made available from authorized but unissued Common Stock, Common Stock held by the Company in its treasury, or Common Stock purchased by the Company on the open market or otherwise. During the
term of this Plan, the Company will at all times reserve and keep available the number of shares of Common Stock that shall be sufficient to satisfy the requirements of this Plan. 

  
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 5.2 Reuse of Shares. Subject to Section 5.2(c), if, and to the extent:

 (a) A Stock Option shall expire or terminate for any reason without having been exercised in full, or in the
event that a Stock Option is exercised or settled in a manner such that some or all of the shares of Common Stock relating to the Stock Option are not issued to the Participant (or beneficiary) (including as the result of the use of shares for
withholding taxes), the shares of Common Stock subject thereto which have not become outstanding shall (unless the Plan shall have sooner terminated) become available for issuance under the Plan; in addition, with respect to any share-for-share
exercise or cashless exercise pursuant to Section 8.3 or otherwise, only the “net” shares issued shall be deemed to have become outstanding for purposes of the Plan as a result thereof. 

(b) Shares of Restricted Stock under the Plan are forfeited for any reason, such shares of Restricted Stock shall (unless
the Plan shall have sooner terminated) become available for issuance under the Plan; provided, however, that if any dividends paid with respect to shares of Restricted Stock were paid to the Participant prior to the forfeiture thereof, such shares
shall not be reused for grants or awards. 
 (c) In no event shall the number of shares of Common Stock subject
to Incentive Stock Options exceed, in the aggregate, 639,995 shares of Common Stock plus shares subject to Incentive Stock Options which are forfeited or terminated, or expire unexercised. 

ARTICLE 6 

GRANT OF AWARDS 
 6.1 In General. The Company shall execute an Award Agreement with a Participant after the Committee approves the issuance of an Award. Any Award granted pursuant to this Plan must be granted within
ten (10) years after the date of adoption of this Plan. The Plan shall be submitted to the Company’s stockholders for approval; however, the Committee may grant Awards under the Plan prior to the time of stockholder approval. Any such
Award granted prior to such stockholder approval shall be made subject to such stockholder approval. The grant of an Award to a Participant shall not be deemed either to entitle the Participant to, or to disqualify the Participant from, receipt of
any other Award under the Plan. 
 6.2 Stock Options. The grant of an Award of Stock Options shall be authorized by the
Committee and shall be evidenced by an Award Agreement setting forth: (i) the Incentive or Incentives being granted, (ii) the total number of shares of Common Stock subject to the Incentive(s), (iii) the Option Price, (iv) the
Award Period, (v) the Date of Grant, and (vi) such other terms, provisions, limitations, and performance objectives, as are approved by the Committee, but not inconsistent with the Plan. 

  
 7 

 6.3 Option Price. The Option Price for any share of Common Stock which may be
purchased under a Nonqualified Stock Option for any share of Common Stock may be less than, equal to, or greater than the Fair Market Value of the share on the Date of Grant. The Option Price for any share of Common Stock which may be purchased
under an Incentive Stock Option must be at least equal to the Fair Market Value of the share on the Date of Grant; if an Incentive Stock Option is granted to an Employee who owns or is deemed to own (by reason of the attribution rules of
Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company (or any parent or Subsidiary), the Option Price shall be at least 110% of the Fair Market Value of the Common Stock
on the Date of Grant. 
 6.4 Maximum ISO Grants. The Committee may not grant Incentive Stock Options under the Plan to
any Employee which would permit the aggregate Fair Market Value (determined on the Date of Grant) of the Common Stock with respect to which Incentive Stock Options (under this and any other plan of the Company and its Subsidiaries) are exercisable
for the first time by such Employee during any calendar year to exceed $100,000. To the extent any Stock Option granted under this Plan which is designated as an Incentive Stock Option exceeds this limit or otherwise fails to qualify as an Incentive
Stock Option, such Stock Option (or any such portion thereof) shall be a Nonqualified Stock Option. In such case, the Committee shall designate which stock will be treated as Incentive Stock Option stock by causing the issuance of a separate stock
certificate and identifying such stock as Incentive Stock Option stock on the Company’s stock transfer records. 
 6.5
Restricted Stock. If Restricted Stock is granted to or received by a Participant under an Award (including a Stock Option), the Committee shall set forth in the related Award Agreement: (i) the number of shares of Common Stock awarded,
(ii) the price, if any, to be paid by the Participant for such Restricted Stock, (iii) the time or times within which such Award may be subject to forfeiture, (iv) specified performance goals of the Company, a Subsidiary, any division
thereof or any group of Employees of the Company, or other criteria, which the Committee determines must be met in order to remove any restrictions (including vesting) on such Award, and (v) all other terms, limitations, restrictions, and
conditions of the Restricted Stock, which shall be consistent with this Plan. The provisions of Restricted Stock need not be the same with respect to each Participant. If the Committee establishes a purchase price for an Award of Restricted Stock,
the Participant must accept such Award within a period of thirty (30) days (or such shorter period as the Committee may specify) after the Date of Grant by executing the applicable Award Agreement and paying such purchase price. 

(a) Legend on Shares. Each Participant who is awarded or receives Restricted Stock shall be issued a stock
certificate or certificates in respect of such shares of Common Stock. Such certificate(s) shall be registered in the name of the Participant, and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to
such Restricted Stock, substantially as provided in Section 15.11 of the Plan. 
 The Committee may require
that the stock certificates evidencing shares of Restricted Stock be held in custody by the Company until the restrictions thereon shall have lapsed, and that the Participant deliver to the Committee a stock power or stock powers, endorsed in blank,
relating to the shares of Restricted Stock. 

  
 8 

 (b) Restrictions and Conditions. Shares of Restricted Stock shall be
subject to the following restrictions and conditions: 
 (i) Subject to the other provisions of this Plan and
the terms of the particular Award Agreements, during such period as may be determined by the Committee commencing on the Date of Grant or the date of exercise of an Award (the “Restriction Period”), the Participant shall not be permitted
to sell, transfer, pledge or assign shares of Restricted Stock. Except for these limitations, the Committee may in its sole discretion, remove any or all of the restrictions on such Restricted Stock whenever it may determine that, by reason of
changes in applicable laws or other changes in circumstances arising after the date of the Award, such action is appropriate. 
 (ii) Except as provided in sub-paragraph (i) above or in the applicable Award Agreement, the Participant shall have, with respect to his or her Restricted Stock, all of the rights of a stockholder of
the Company, including the right to vote the shares, and the right to receive any dividends thereon. Certificates for shares of Common Stock free of restriction under this Plan shall be delivered to the Participant promptly after, and only after,
the Restriction Period shall expire without forfeiture in respect of such shares of Common Stock. Certificates for the shares of Common Stock forfeited under the provisions of the Plan and the applicable Award Agreement shall be promptly returned to
the Company by the forfeiting Participant. Each Award Agreement shall require that (x) each Participant, by his or her acceptance of Restricted Stock, shall irrevocably grant to the Company a power of attorney to transfer any shares so
forfeited to the Company and agrees to execute any documents requested by the Company in connection with such forfeiture and transfer, and (y) such provisions regarding returns and transfers of stock certificates with respect to forfeited
shares of Common Stock shall be specifically performable by the Company in a court of equity or law. 
 (iii)
The Restriction Period of Restricted Stock shall commence on the Date of Grant or the date of exercise of an Award, as specified in the Award Agreement, and, subject to Article 12 of the Plan, unless otherwise established by the Committee in the
Award Agreement setting forth the terms of the Restricted Stock, shall expire upon satisfaction of the conditions set forth in the Award Agreement; such conditions may provide for vesting based on (i) length of continuous service,
(ii) achievement of specific business objectives, (iii) increases in specified indices, (iv) attainment of specified growth rates, or (v) other comparable measurements of Company performance, as may be determined by the Committee
in its sole discretion. 

  
 9 

 (iv) Except as otherwise provided in the particular Award Agreement, upon
Termination of Service for any reason during the Restriction Period, the nonvested shares of Restricted Stock shall be forfeited by the Participant. In the event a Participant has paid any consideration to the Company for such forfeited Restricted
Stock, the Committee shall specify in the Award Agreement that either (i) the Company shall be obligated to, or (ii) the Company may, in its sole discretion, elect to, pay to the Participant, as soon as practicable after the event causing
forfeiture, in cash, an amount equal to the lesser of the total consideration paid by the Participant for such forfeited shares or the Fair Market Value of such forfeited shares as of the date of Termination of Service, as the Committee, in its sole
discretion shall select. Upon any forfeiture, all rights of a Participant with respect to the forfeited shares of the Restricted Stock shall cease and terminate, without any further obligation on the part of the Company. 

ARTICLE 7 

AWARD PERIOD; VESTING 
 7.1 Award Period. 
 (a) Subject to the other provisions of
this Plan, the Committee shall specify in the Award Agreement the Award Period for a Stock Option. No Stock Option granted under the Plan may be exercised at any time after the end of its Award Period. The Award Period for any Stock Option shall be
no more than ten (10) years from the Date of Grant of the Stock Option. However, if an Employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than ten percent (10%) of the combined
voting power of all classes of stock of the Company (or any parent or Subsidiary) and an Incentive Stock Option is granted to such Employee, the Award Period of such Incentive Stock Option (to the extent required by the Code at the time of grant)
shall be no more than five (5) years from the Date of Grant. 
 (b) In the event of Termination of Service
of a Participant, the Award Period for a Stock Option shall be reduced or terminated in accordance with the Award Agreement. 

7.2 Vesting. The Committee, in its sole discretion, may determine that an Incentive will be immediately vested in whole or in
part, or that all or any portion may not be vested until a date, or dates, subsequent to its Date of Grant, or until the occurrence of one or more specified events, subject in any case to the terms of the Plan. If the Committee imposes conditions
upon vesting, then, subsequent to the Date of Grant, the Committee may, in its sole discretion, accelerate the date on which all or any portion of the Incentive may be vested. 
 ARTICLE 8 
 EXERCISE OF INCENTIVE 

8.1 In General. The Committee, in its sole discretion, may determine that a Stock Option will be immediately exercisable, in whole
or in part, or that all or any portion may not be exercised until a date, or dates, subsequent to its Date of Grant, or until the 

  
 10 

 
occurrence of one or more specified events, subject in any case to the terms of the Plan. If a Stock Option is exercisable prior to the time it is vested, the Common Stock obtained on the
exercise of the Stock Option shall be Restricted Stock which is subject to the applicable provisions of the Plan and the Award Agreement. If the Committee imposes conditions upon exercise, then subsequent to the Date of Grant, the Committee may, in
its sole discretion, accelerate the date on which all or any portion of the Stock Option may be exercised. No Stock Option may be exercised for a fractional share of Common Stock. The granting of a Stock Option shall impose no obligation upon the
Participant to exercise that Stock Option. 
 8.2 Securities Law and Exchange Restrictions. In no event may an Incentive
be exercised or shares of Common Stock be issued pursuant to an Award if a necessary listing or quotation of the shares of Common Stock on a stock exchange or inter-dealer quotation system or any registration under state or federal securities laws
required under the circumstances has not been accomplished. 
 8.3 Exercise of Stock Option. 

(a) Notice and Payment. Subject to such administrative regulations as the Committee may from time to time adopt, a
Stock Option may be exercised by the delivery of written notice to the Committee setting forth the number of shares of Common Stock with respect to which the Stock Option is to be exercised and the date of exercise thereof (the “Exercise
Date”) which shall be at least three (3) days after giving such notice unless an earlier time shall have been mutually agreed upon. On the Exercise Date, the Participant shall deliver to the Company consideration with a value equal to the
total Option Price of the shares to be purchased, payable as follows: (a) cash, check, bank draft, or money order payable to the order of the Company, (b) Common Stock (including Restricted Stock) owned by the Participant on the Exercise
Date, valued at its Fair Market Value on the Exercise Date, (c) by delivery (including by FAX) to the Company or its designated agent of an executed irrevocable option exercise form together with irrevocable instructions from the Participant to
a broker or dealer, reasonably acceptable to the Company, to sell certain of the shares of Common Stock purchased upon exercise of the Stock Option or to pledge such shares as collateral for a loan and promptly deliver to the Company the amount of
sale or loan proceeds necessary to pay such purchase price, and/or (d) in any other form of valid consideration that is acceptable to the Committee in its sole discretion. In the event that shares of Restricted Stock are tendered as
consideration for the exercise of a Stock Option, a number of shares of Common Stock issued upon the exercise of the Stock Option equal to the value of Restricted Stock used as consideration therefor shall be subject to the same restrictions and
provisions as the Restricted Stock so tendered. 
 (b) Issuance of Certificate. Except as otherwise
provided in Section 6.5 hereof (with respect to shares of Restricted Stock) or in the applicable Award Agreement, upon payment of all amounts due from the Participant, the Company shall cause certificates for the Common Stock then being
purchased to be delivered as directed by the Participant (or the person exercising the Participant’s Stock Option in the event of his death) at its principal business office promptly after the Exercise Date; provided that if the Participant has
exercised an Incentive Stock 

  
 11 

 
Option, the Company may at its option retain physical possession of the certificate evidencing the shares acquired upon exercise until the expiration of the holding periods described in
Section 422(a)(1) of the Code. The obligation of the Company to deliver shares of Common Stock shall, however, be subject to the condition that, if at any time the Committee shall determine in its discretion that the listing, registration, or
qualification of the Stock Option or the Common Stock upon any securities exchange or inter-dealer quotation system or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary as a condition of, or
in connection with, the Stock Option or the issuance or purchase of shares of Common Stock thereunder, the Stock Option may not be exercised in whole or in part unless such listing, registration, qualification, consent, or approval shall have been
effected or obtained free of any conditions not reasonably acceptable to the Committee. 
 (c) Failure to
Pay. If the Participant fails to pay for any of the Common Stock specified in such notice or fails to accept delivery thereof, the Participant’s Stock Option and right to purchase such Common Stock may be forfeited by the Company.

 8.4 Disqualifying Disposition of Incentive Stock Option. If shares of Common Stock acquired upon exercise of an
Incentive Stock Option are disposed of by a Participant prior to the expiration of either two (2) years from the Date of Grant of such Stock Option or one (1) year from the transfer of shares of Common Stock to the Participant pursuant to
the exercise of such Stock Option, or in any other disqualifying disposition within the meaning of Section 422 of the Code, such Participant shall notify the Company in writing of the date and terms of such disposition. A disqualifying
disposition by a Participant shall not affect the status of any other Stock Option granted under the Plan as an Incentive Stock Option within the meaning of Section 422 of the Code. 

ARTICLE 9 

AMENDMENT OR DISCONTINUANCE 
 Subject to the limitations set forth in this Article 9, the Board may at any time and from time to time, without the consent of the Participants, alter, amend, revise, suspend, or discontinue the Plan in
whole or in part; provided, however, that no amendment which requires stockholder approval in order for the Plan and Incentives awarded under the Plan to continue to comply with Sections 162(m), 421, and 422 of the Code, including any successors to
such Sections, shall be effective unless such amendment shall be approved by the requisite vote of the stockholders of the Company entitled to vote thereon. Any such amendment shall, to the extent deemed necessary or advisable by the Committee, be
applicable to any outstanding Incentives theretofore granted under the Plan, notwithstanding any contrary provisions contained in any Award Agreement. In the event of any such amendment to the Plan, the holder of any Incentive outstanding under the
Plan shall, upon request of the Committee and as a condition to the exercisability thereof, execute a conforming amendment in the form prescribed by the Committee to any Award Agreement relating thereto. Notwithstanding anything contained in this
Plan to the contrary, unless required by law, no action contemplated or permitted by this Article 9 shall adversely affect any rights of Participants or obligations of the Company to Participants with respect to any Incentive theretofore
granted under the Plan without the consent of the affected Participant. 

  
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 ARTICLE 10 
 TERM 
 The Plan shall be effective from the date that this Plan is approved
by the Board. Unless sooner terminated by action of the Board, the Plan will terminate on October 2, 2010, but Incentives granted before that date will continue to be effective in accordance with their terms and conditions. 

ARTICLE 11 

CAPITAL ADJUSTMENTS 
 In the event that the Committee shall determine that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split,
reverse stock split, rights offering, reorganization, merger, consolidation, split-up, spin-off, split-off, combination, subdivision, repurchase, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to
purchase Common Stock or other securities of the Company, or other similar corporate transaction or event affects the Common Stock such that an adjustment is determined by the Committee to be appropriate to prevent the dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of the (i) the number of shares and type of Common Stock (or the securities or
property) which thereafter may be made the subject of Awards,(ii) the number of shares and type of Common Stock (or other securities or property) subject to outstanding Awards, (iii) the Option Price of each outstanding Award, and (iv) the
amount, if any, the Company pays for forfeited shares of Common Stock in accordance with Section 6.5; provided however, that the number of shares of Common Stock (or other securities or property) subject to any Award shall always be a
whole number. In lieu of the foregoing, if deemed appropriate, the Committee may make provision for a cash payment to the holder of an outstanding Award. Notwithstanding the foregoing, no such adjustment or cash payment shall be made or authorized
to the extent that such adjustment or cash payment would cause the Plan or any Stock Option to violate Code Section 422. Such adjustments shall be made in accordance with the rules of any securities exchange, stock market, or stock quotation
system to which the Company is subject. 
 Upon the occurrence of any such adjustment or cash payment, the Company shall provide
notice to each affected Participant of its computation of such adjustment or cash payment which shall be conclusive and shall be binding upon each such Participant. 

  
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 ARTICLE 12 
 RECAPITALIZATION, MERGER AND CONSOLIDATION 
 12.1 No Effect on
Company’s Authority. The existence of this Plan and Incentives granted hereunder shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations,
reorganizations, or other changes in the Company’s capital structure and its business, or any merger or consolidation of the Company, or any issuance of bonds, debentures, preferred or preference stocks ranking prior to or otherwise affecting
the Common Stock or the rights thereof (or any rights, options, or warrants to purchase same), or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise. 
 12.2 Conversion of Incentives Where Company Survives. Subject
to any required action by the stockholders, if the Company shall be the surviving or resulting corporation in any merger, consolidation or share exchange, any Incentive granted hereunder shall pertain to and apply to the securities or rights
(including cash, property, or assets) to which a holder of the number of shares of Common Stock subject to the Incentive would have been entitled. 
 12.3 Exchange or Cancellation of Incentives Where Company Does Not Survive. In the event of any merger, consolidation or share exchange pursuant to which the Company is not the surviving or
resulting corporation, there shall be substituted for each share of Common Stock subject to the unexercised portions of outstanding Stock Options, that number of shares of each class of stock or other securities or that amount of cash, property, or
assets of the surviving, resulting or consolidated company which were distributed or distributable to the stockholders of the Company in respect to each share of Common Stock held by them, such outstanding Stock Options to be thereafter exercisable
for such stock, securities, cash, or property in accordance with their terms. 
 Notwithstanding the foregoing, however, all
Stock Options may be canceled by the Company as of the effective date of any such reorganization, merger, consolidation, or share exchange, or any dissolution or liquidation of the Company, by giving notice to each holder thereof or his personal
representative of its intention to do so and by permitting the purchase during the thirty (30) day period next preceding such effective date of all of the shares of Common Stock (whether or not vested) subject to such outstanding Stock Options.

 ARTICLE 13 
 LIQUIDATION OR DISSOLUTION 
 Subject to Section 12.3 hereof, in case
the Company shall, at any time while any Incentive under this Plan shall be in force and remain unexpired, (i) sell all or substantially all of its property, or (ii) dissolve, liquidate, or wind up its affairs, then each Participant shall
be entitled to receive, in lieu of each share of Common Stock of the Company which such Participant would have been entitled to receive under the Incentive, the same kind and amount of any securities or assets as may be issuable, distributable, or
payable upon any such sale, dissolution, liquidation, or winding up with respect to each share of Common 

  
 14 

 
Stock of the Company. If the Company shall, at any time prior to the expiration of any Incentive, make any partial distribution of its assets, in the nature of a partial liquidation, whether
payable in cash or in kind (but excluding the distribution of a cash dividend payable out of earned surplus and designated as such) then in such event the Option Prices then in effect with respect to each Stock Option shall be reduced, on the
payment date of such distribution, in proportion to the percentage reduction in the tangible book value of the shares of the Company’s Common Stock (determined in accordance with generally accepted accounting principles) resulting by reason of
such distribution. 
 ARTICLE 14 
 INCENTIVES IN SUBSTITUTION FOR 
 INCENTIVES GRANTED BY OTHER ENTITIES

 Incentives may be granted under the Plan from time to time in substitution for similar instruments held by employees or
directors of a corporation, partnership, or limited liability company who become or are about to become Employees or Outside Directors of the Company or any Subsidiary as a result of a merger or consolidation of the employing corporation with the
Company, the acquisition by the Company of equity of the employing entity, or any other similar transaction pursuant to which the Company becomes the successor employer. The terms and conditions of the substitute Incentives so granted may vary from
the terms and conditions set forth in this Plan to such extent as the Committee at the time of grant may deem appropriate to conform, in whole or in part, to the provisions of the Incentives in substitution for which they are granted. 

ARTICLE 15 

MISCELLANEOUS PROVISIONS 
 15.1 Investment Intent. The Company may require that there be presented to and filed with it by any Participant under the Plan, such evidence as it may deem necessary to establish that the
Incentives granted or the shares of Common Stock to be purchased or transferred are being acquired for investment and not with a view to their distribution. 
 15.2 Nonpublicly Traded Common Stock. In the event a Participant receives, as Restricted Stock or pursuant to the exercise of a Stock Option, shares of Common Stock that are Nonpublicly Traded (as
defined herein), the Committee may impose restrictions and conditions on the transfer or other disposition of those shares. The restrictions and conditions may be reflected in the Award Agreement or in a separate stockholders’ agreement.

 15.3 No Right to Continued Employment. Neither the Plan nor any Incentive granted under the Plan shall confer upon any
Participant any right with respect to continuance of employment by the Company or any Subsidiary. 
 15.4 Indemnification of
Board and Committee. No member of the Board or the Committee, nor any officer or Employee of the Company acting on behalf of the Board or the Committee, shall be personally liable for any action, determination, or interpretation taken or made in
good faith with respect to the Plan, and all members of the Board and the 

  
 15 

 
Committee, each officer of the Company, and each Employee of the Company acting on behalf of the Board or the Committee shall, to the extent permitted by law, be fully indemnified and protected
by the Company in respect of any such action, determination, or interpretation. 
 15.5 Effect of the Plan. Neither the
adoption of this Plan nor any action of the Board or the Committee shall be deemed to give any person any right to be granted an Award or any other rights except as may be evidenced by an Award Agreement, or any amendment thereto, duly authorized by
the Committee and executed on behalf of the Company, and then only to the extent and upon the terms and conditions expressly set forth therein. 
 15.6 Compliance With Other Laws and Regulations. Notwithstanding anything contained herein to the contrary, the Company shall not be required to sell or issue shares of Common Stock under any
Incentive if the issuance thereof would constitute a violation by the Participant or the Company of any provisions of any law or regulation of any governmental authority or any national securities exchange or inter-dealer quotation system or other
forum in which shares of Common Stock are quoted or traded (including without limitation Section 16 of the 1934 Act and Section 162(m) of the Code); and, as a condition of any sale or issuance of shares of Common Stock under an Incentive,
the Committee may require such agreements or undertakings, if any, as the Committee may deem necessary or advisable to assure compliance with any such law or regulation. The Plan, the grant and exercise of Incentives hereunder, and the obligation of
the Company to sell and deliver shares of Common Stock, shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any government or regulatory agency as may be required. 

15.7 Lock-up Agreement. The Company may require that an Award Agreement include a provision requiring a Participant to agree that
in connection with an underwritten public offering of Common Stock, upon the request of the Company or the principal underwriter managing such public offering, no shares of Common Stock received by the Participant under such Award Agreement may be
sold, offered for sale or otherwise disposed of without the prior written consent of the Company or such underwriter, as the case may be, for at least 270 days after the effectiveness of the registration statement filed in connection with such
offering, or such longer period of time as the Board may determine, if all of the Company’s directors and officers agree to be similarly bound. The obligations under this Section 15.7 shall remain effective for all underwritten public
offerings with respect to which the Company has filed a registration statement on or before the date five (5) years after the closing of the Company’s initial public offering, provided, however, that this Section 15.7 shall cease to
apply to any such shares of Common Stock sold to the public pursuant to an effective registration statement or an exemption from the registration requirements of the Securities Act in a transaction that complied with the terms of the applicable
Award Agreement. 
 15.8 Tax Requirements. The Company shall have the right to deduct from all amounts hereunder paid in
cash or other form, any Federal, state, or local taxes required by law to be withheld with respect to such payments. The Participant receiving shares of Common Stock issued under the Plan shall be required to pay the Company the amount of any taxes
which the Company is required to withhold with respect to such shares of 

  
 16 

 
Common Stock. Notwithstanding the foregoing, in the event of an assignment of a Nonqualified Stock Option pursuant to Section 15.9, the Participant who assigns the Nonqualified Stock Option
shall remain subject to withholding taxes upon exercise of the Nonqualified Stock Option by the transferee to the extent required by the Code or the rules and regulations promulgated thereunder. Such payments shall be required to be made prior to
the delivery of any certificate representing such shares of Common Stock. Such payment may be made (i) by the delivery of cash to the Company in an amount that equals or exceeds (to avoid the issuance of fractional shares under
(iii) below) the required tax withholding obligation of the Company; (ii) the actual delivery by the exercising Participant to the Company of shares of Common Stock that the Participant has not acquired from the Company within six months
prior to the date of exercise, which shares so delivered have an aggregate Fair Market Value that equals or exceeds (to avoid the issuance of fractional shares under (iii) below) the required tax withholding payment; (iii) the
Company’s withholding of a number of shares to be delivered upon the exercise of the Stock Option, which shares so withheld have an aggregate fair market value that equals (but does not exceed) the required tax withholding payment; or
(iv) any combination of (i), (ii), or (iii). 
 15.9 Stock Option Assignability. Incentive Stock Options may
not be transferred, assigned, pledged, hypothecated or otherwise conveyed or encumbered other than by will or the laws of descent and distribution and may be exercised during the lifetime of the Participant only by the Participant or the
Participant’s legally authorized representative, and each Award Agreement in respect of an Incentive Stock Option shall so provide. The designation by a Participant of a beneficiary will not constitute a transfer of the Stock Option. The
Committee may waive or modify any limitation contained in the preceding sentences of this Section 15.9 that is not required for compliance with Section 422 of the Code. 

Except as otherwise provided herein, Nonqualified Stock Options may not be transferred, assigned, pledged, hypothecated or otherwise
conveyed or encumbered other than by will or the laws of descent and distribution. The Committee may, in its discretion, authorize all or a portion of a Nonqualified Stock Option granted to a Participant to be on terms which permit transfer by such
Participant to (i) the spouse, children or grandchildren of the Participant (“Immediate Family Members”), (ii) a trust or trusts for the exclusive benefit of such Immediate Family Members, (iii) a partnership in which the
only partners are (1) such Immediate Family Members and/or (2) entities which are controlled by Immediate Family Members, (iv) an entity exempt from federal income tax pursuant to Section 501(c)(3) of the Code or any successor
provision, or (v) a split interest trust or pooled income fund described in Section 2522(c)(2) of the Code or any successor provision, provided that (x) there shall be no consideration for any such transfer, (y) the Award
Agreement pursuant to which such Nonqualified Stock Option is granted must be approved by the Committee and must expressly provide for transferability in a manner consistent with this Section, and (z) subsequent transfers of transferred
Nonqualified Stock Options shall be prohibited except those by will or the laws of descent and distribution. 
 Following any
transfer, any such Nonqualified Stock Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, provided that for purposes of Articles 8, 9, 11, 13 and 15 hereof the term
“Participant” shall be deemed to include the transferee. The events of Termination of Service shall continue to be applied with respect to the original Participant, following which the Nonqualified Stock

  
 17 

 
Options shall be exercisable by the transferee only to the extent and for the periods specified in the Award Agreement. The Committee and the Company shall have no obligation to inform any
transferee of a Nonqualified Stock Option of any expiration, termination, lapse or acceleration of such Stock Option. The Company shall have no obligation to register with any federal or state securities commission or agency any Common Stock
issuable or issued under a Nonqualified Stock Option that has been transferred by a Participant under this Section 15.9. 

15.10 Use of Proceeds. Proceeds from the sale of shares of Common Stock pursuant to Incentives granted under this Plan shall
constitute general funds of the Company. 
 15.11 Legend. Each certificate representing shares of Restricted Stock issued
to a Participant shall bear the following legend, or a similar legend deemed by the Company to constitute an appropriate notice of the provisions hereof (any such certificate not having such legend shall be surrendered upon demand by the Company and
so endorsed): 
 On the face of the certificate: 
 “Transfer of this stock is restricted in accordance with conditions printed on the reverse of this certificate.” 
 On the reverse: 
 “The shares of stock evidenced by this certificate are
subject to and transferrable only in accordance with that certain Goodman Networks 2000 Equity Incentive Plan, a copy of which is on file at the principal office of the Company in Dallas, Texas. No transfer or pledge of the shares evidenced hereby
may be made except in accordance with and subject to the provisions of said Plan. By acceptance of this certificate, any holder, transferee or pledgee hereof agrees to be bound by all of the provisions of said Plan.” 

The following legend shall be inserted on a certificate evidencing Common Stock issued under the Plan if the shares were not issued in a
transaction registered under the applicable federal and state securities laws: 
 “Shares of stock represented by this
certificate have been acquired by the holder for investment and not for resale, transfer or distribution, have been issued pursuant to exemptions from the registration requirements of applicable state and federal securities laws, and may not be
offered for sale, sold or transferred other than pursuant to effective registration under such laws, or in transactions otherwise in compliance with such laws, and upon evidence satisfactory to the Company of compliance with such laws, as to which
the Company may rely upon an opinion of counsel satisfactory to the Company.” 

  
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 A copy of this Plan shall be kept on file in the principal office of the Company in Dallas,
Texas. 
 *************** 

  
 19 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed as of
October 2, 2000 by its Chief Executive Officer and Secretary pursuant to prior action taken by the Board. 
  

			
	Goodman Networks, Incorporated
		
	By:	 	/s/ John Goodman
	Name:	 	John Goodman
	Title:	 	President

 Attest: 

	
	
	/s/ Joseph M. Goodman

 D-1395.1 

  
 20

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