Document:

Exhibit 10.10

INSTITUTIONAL SHAREHOLDER SERVICES HOLDINGS,
INC.

EQUITY INCENTIVE PLAN

 

WHEREAS the Board of Directors of The Proxy Monitor Inc. adopted this
Equity Incentive Plan, (the  “Plan”) on or
about October 11, 2001; and

 

WHEREAS The Proxy Monitor Inc. changed its name to Institutional
Shareholder Services Inc. on or about December 15, 2001; and

 

WHEREAS Institutional Shareholder Services Inc. authorized and
completed a reverse stock split on or about March l 9, 2002; and

 

WHEREAS Institutional Shareholder Services Inc. became a wholly-owned
subsidiary of Institutional Shareholder Services Holdings, Inc. in accordance
with an Agreement and Plan of Merger dated July 11, 2002, pursuant to which all
outstanding options for common stock of Institutional Shareholder Services Inc.
were automatically converted to options for common stock of Institutional
Shareholder Services Holdings, Inc.; and

 

WHEREAS Section 8.6 of this Plan instructs the Plan Administrator to
make adjustments to this Plan to account for, among other things, mergers and
stock splits; and

 

WHEREAS the Plan Administrator seeks to make the adjustments to the
Plan as required by the above-mentioned developments and other corporate
actions between approximately October 11, 2001 and July 11, 2002, including
without limitation, changes to name references, adjustments to the number or
shares available under this Plan, and other adjustments;

 

NOW THEREFORE, in consideration of the foregoing, the Company (as
herein defined) states its Equity Incentive Plan, as adjusted pursuant to
Section 8.6 herein, as follows:

 

1.                                                                                      PURPOSE

 

The purpose of this Equity Incentive Plan (the “Plan”) is to advance
the interests of INSTITUTIONAL SHAREHOLDER SERVICES HOLDINGS, INC. (the “Company”)
and its subsidiaries by enhancing its ability to attract and retain employees
and other persons or entities who are in a position to make significant
contributions to the success of the Company and its subsidiaries through
ownership of shares of the Company’s common stock (“Stock”).

 

The Plan is intended to accomplish these goals by enabling the Company
to grant Awards in the form of Options, Stock Appreciation Rights, Restricted
Stock or Unrestricted Stock Awards, Deferred Stock Awards, Performance Awards,
Loans or Supplemental Grants, or combinations thereof, all as more fully
described below.

 

The Plan was adopted by the Company as of the date indicated below.

 

 

2.                                                                                      ADMINISTRATION

 

The Plan will be administered by the Board of Directors of the Company
(the “Board”), or by a committee of the Board designated for such purpose (the “Committee”)
(the Board, in its capacity as administrator, and/or the Committee, the “Plan
Administrator”). The Committee shall consist of at least three directors. A
majority of the members of the Committee shall constitute a quorum, and all
determinations of the Committee shall be made by a majority of its members. Any
determination of the Committee under the Plan may be made without notice or
meeting of the Committee by a writing signed by a majority of the Committee
members. During such times as the Stock is registered under the Securities
Exchange Act of 1934 (the “1934 Act”), all members of the Committee shall be
disinterested persons within the meaning of Rule 16b-3 under the 1934 Act and “outside
directors” within the meaning of Section 162(m)(4)(C)(i) of the Internal
Revenue Code of 1986, as amended (the “Code”).

 

The Plan Administrator will have authority, not inconsistent with the
express provisions of the Plan and in addition to other authority granted under
the Plan, to: (a) grant Awards at such time or times as it may choose; (b)
determine the size of each Award, including the number of shares of Stock
subject to the Award; (c) determine the type or types of each Award; (d)
determine the terms and conditions of each Award; (e) waive compliance by a
holder of an Award with any obligations to be performed by such holder under an
Award and waive any terms or conditions of an Award; (f) amend or cancel an
existing Award in whole or in part (and if an award is canceled, grant another
Award in its place on such terms and conditions as the Plan Administrator shall
specify), except that the Plan Administrator shall not, without the consent of
the holder of an Award, take any action under this clause with respect to such
Award if such action would adversely affect the rights of such holder; (g)
prescribe the form or forms of instruments that are required or deemed
appropriate under the Plan, including any written notices and elections
required of Participants (as defined below), and change such forms from time to
time; (h) adopt, amend and rescind rules and regulations for the administration
of the Plan; and (i) interpret the Plan and decide any questions and settle all
controversies and disputes that may arise in connection with the Plan. Such
determinations and actions of the Plan Administrator, and all other
determinations and actions of the Plan Administrator made or taken under
authority granted by any provision of the Plan, will be conclusive and will bind
all parties. Nothing in this paragraph shall be construed as limiting the power
of the Plan Administrator to make adjustments under Section 7.3 or Section 8.6.

 

With respect to persons subject to Section 16 of the 1934 Act,
transactions under the Plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under the 1934 Act.

 

3.                                                                                      EFFECTIVE
DATE AND TERM OF PLAN

 

The Plan will become effective following the approval of the Plan by
the directors of the Company, subject to subsequent ratification by the
shareholders of the Company. No Award may be granted under the Plan ten years
following the date of approval by the directors, but Awards previously granted
may extend beyond that date.

 

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4.                                                                                      SHARES
SUBJECT TO THE PLAN

 

Subject to adjustment as provided in Section 8.6 below, the aggregate
number of shares of Stock that may be delivered under the Plan will be Seven
Thousand Two Hundred Eighty-Three (7,283) shares of common stock of the
Company. If any Award requiring exercise by the Participant for delivery of
Stock expires or terminates in accordance with its terms or is canceled without
having been exercised in full, or if any Award payable in Stock or cash is
satisfied in cash rather than Stock, the number of shares of Stock as to which
such Award was not exercised or for which cash was substituted will be
available for future grants.

 

Stock delivered under the Plan may be either authorized but unissued
Stock or previously issued Stock acquired by the Company and held in treasury.

 

5.                                                                                      ELIGIBILITY
AND PARTICIPATION

 

Each person in the employ of the Company or any of its subsidiaries (an
“Employee”) and each other person or entity (including without limitation
non-Employee directors of the Company or a subsidiary of the Company) that
provides services to the Company and who, in the opinion of the Plan
Administrator, is in a position to make a significant contribution to the
success of the Company or its subsidiaries will be eligible to receive Awards
under the Plan (each such Employee, person or entity receiving an Award, a “Participant”).
A “subsidiary” for purposes of the Plan will be a corporation in which the
Company owns, directly or indirectly, stock possessing 50 % or more of the total
combined voting power of all classes of stock.

 

6.                                                                                      TYPES
OF AWARDS

 

6.1.                            Options

 

(a)                                  Nature of Options. An Option is an
Award giving the recipient the right on exercise thereof to purchase Stock.

 

Both “incentive stock options,” as defined in Section 422 of the
Internal Revenue of 1986, as amended (the “Code”) (any Option intended to
qualify as an incentive stock option being hereinafter referred to as an “ISO”),
and Options that are not incentive stock options, may be granted under the
Plan. ISOs shall be awarded only to Employees. Any Option not identified at the
time of grant as being either an ISO or a non-incentive stock option shall be a
non-incentive stock option.

 

(b)                                 Exercise Price. The exercise price
of an Option will be determined by the Plan Administrator subject to the
following:

 

(1)                                  Consistent with the
Code, the exercise price of an ISO shall not be less than 100% of the fair
market value of the Stock subject to the Option, determined as of the time the
Option is granted, unless the Code is later amended to allow a lower exercise
price, in which case the exercise

 

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prices shall be at least the amount required by the Code to qualify for
treatment as an ISO. In the event that an ISO is granted to a person then
owning more than 10 percent of the voting power of all classes of the Company’s
stock, the exercise price for shares under the option shall not be less than
One Hundred Ten percent (110%) of the fair market value of the shares on the date
of grant of the option, unless the Code is later amended to allow a lower
exercise price, in which case the exercise prices shall be at least the amount
required by the Code to qualify for treatment as an ISO.

 

(2)                                  In no case may the
exercise price paid for Stock which is part of an original issue of authorized
Stock be less than the par value per share of the Stock.

 

(c)                                  Duration of Options. The latest date
on which an Option may be exercised will be the tenth anniversary of the day
immediately preceding the date the Option was granted, or such earlier date as
may have been specified by the Plan Administrator at the time the Option was
granted.

 

(d)                                 Exercise of Options. An Option will
become exercisable at such time or times, and on such conditions, as the Plan
Administrator may specify. The Plan Administrator may at any time and from time
to time accelerate the time at which all or any part of the Option may be
exercised.

 

Any exercise of an Option must be in writing, signed by the proper
person and delivered or mailed to the Company, accompanied by (1) any documents
required by the Plan Administrator and (2) payment in full in accordance with
paragraph (e) below for the number of shares for which the Option is exercised.

 

(e)                                  Payment for Stock. Stock purchased
on exercise of an Option must be paid for as follows: (1) in cash or by check
(acceptable to the Company in accordance with guidelines established for this
purpose), bank draft or money order payable to the order of the Company or (2)
if so permitted by the Plan Administrator at or after the grant of the Option
(with the consent of the optionee of an ISO if permitted after the grant) or by
the instrument evidencing the Option, and to the extent permitted by law, (i)
through the delivery of shares of Stock which have been outstanding for at
least six months (unless the Plan Administrator approves a shorter period) and
which have a fair market value equal to the exercise price, (ii) by delivery of
a promissory note of the person exercising the Option to the Company, payable
on such terms as are specified by the Plan Administrator, (iii) by delivery of
an unconditional and irrevocable undertaking by a broker to deliver promptly to
the Company sufficient funds to pay the exercise price, (iv) by redemption of
Stock Appreciation Rights, if any, as further provided herein, (v) through a
cashless exercise program established by the Company, or (vi) by any
combination of the foregoing permissible forms of payment.

 

(f)                                    Discretionary Payments. The
instrument evidencing any Option may provide that if (i) the market price of
shares of Stock subject to an Option (other than an Option

 

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which is in tandem with a Stock Appreciation Right as described in
Section 6.2 below) exceeds the exercise price of the Option at the time of its
exercise, and (ii) the person exercising the Option so requests the Plan
Administrator in writing, the Plan Administrator may in its sole discretion
cancel the Option and cause the Company to pay in cash or in shares of Common
Stock (at a price per share equal to the fair market value per share) to the
person exercising the Option an amount equal to the difference between the fair
market value of the Stock which would have been purchased pursuant to the
exercise (determined on the date the Option is canceled) and the aggregate
exercise price which would have been paid.

 

6.2.                            Stock
Appreciation Rights.

 

(a)                                  Nature o f Stock Appreciation Rights:
A Stock Appreciation Right is an Award entitling the holder on exercise to
receive an amount in cash or Stock or a combination thereof (such form to be
determined by the Plan Administrator) determined in whole or in part by
reference to appreciation in the fair market value of a share of Stock on the
date of grant as compared to its fair market value on the date of exercise or
any performance standard selected or established by the Plan Administrator.

 

(b)                                 Grant of Stock Appreciation Rights.
Stock Appreciation Rights may be granted in tandem with, or independently of,
Options granted under the Plan. A Stock Appreciation Right granted in tandem
with an Option which is not an ISO may be granted either at or after the time
the Option is granted. The Plan Administrator may also grant Stock Appreciation
Rights which provide that following a change of control (as defined in Section
7.4), the holder of such Right will be entitled to receive, with respect to
each share of Stock subject to the Right, an amount equal to the excess of a
specified value (which may include an average of values) for a share of Stock
during a period preceding such change in control over the fair market value of
a share of Stock on the date the Right was granted.

 

(c)                                  Rules Applicable to Tandem Awards.
When Stock Appreciation Rights are granted in tandem with Options, the
following will apply:

 

(1)                                  The Stock
Appreciation Right will be exercisable only at such time or times, and to the
extent, that the related Option is exercisable and will be exercisable in
accordance with the procedure required for exercise of the related Option.

 

(2)                                  The Stock
Appreciation Right will terminate and no longer be exercisable upon the
termination or exercise of the related Option, except that a Stock Appreciation
Right granted with respect to less than the full number of shares covered by an
Option will not be reduced until the number of shares as to which the related
Option has been exercised or has terminated exceeds the number of shares not
covered by the Stock Appreciation Right.

 

(3)                                  The Option will
terminate and no longer be exercisable upon the exercise of the related Stock
Appreciation Right.

 

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(4)                                  The Stock
Appreciation Right will be transferable only with the related Option.

 

(5)                                  A Stock Appreciation
Right granted in tandem with an ISO may be exercised only when the market price
of the Stock subject to the Option exceeds the exercise price of such option.

 

(d)                                 Exercise of Independent Stock Appreciation Rights.
A Stock Appreciation Right not granted in tandem with an Option will become
exercisable at such time or times, and on such conditions, as the Plan
Administrator may specify. The Plan Administrator may at any time accelerate
the time at which all or any part of the Right may be exercised.

 

Any exercise of an independent Stock Appreciation Right must be in
writing, signed by the proper person and delivered or mailed to the Company,
accompanied by any other documents required by the Plan Administrator.

 

6.3.                            Restricted
and Unrestricted Stock.

 

(a)                                  Grant of Restricted Stock. Subject
to the terms and provisions of the Plan, the Plan Administrator, at any time
and from time to time, may grant shares of Restricted Stock in such amounts and
upon such terms and conditions as the Plan Administrator shall determine subject
to the restrictions described below.

 

(b)                                 Restricted Stock Agreement. The Plan
Administrator may require, as a condition to an Award, that a recipient of a
Restricted Stock Award enter into a Restricted Stock Award Agreement, setting
forth the terns and conditions of the Award. In lieu of a Restricted Stock
Award Agreement, the Plan Administrator may provide the terms and conditions of
an Award in a notice to the Participant of the Award, on the Stock certificate
representing the Restricted Stock, in the resolution approving the Award, or in
such other manner as it deems appropriate.

 

(c)                                  Transferability and Other Restrictions.
Except as otherwise provided in this Section 6.3, the shares of Restricted
Stock granted herein may not be sold, transferred, pledged, assigned, or
otherwise alienated or hypothecated until the end of the applicable period or
periods established by the Plan Administrator and the satisfaction of any other
conditions or restrictions established by the Plan Administrator (such period
during which a share of Restricted Stock is subject to such restrictions and
conditions is referred to as the “Restricted Period”). Except as the Plan
Administrator may otherwise determine, if a Participant ceases to be an
Employee or otherwise suffers a Status Change (as defined at Section 7.2(a)
below) for any reason during the Restricted Period, the Company may purchase
the shares of Restricted Stock subject to such restrictions and conditions for
the amount of cash paid by the Participant for such shares, or such shares of
Restricted Stock shall be forfeited to the Company if no cash was paid by the
Participant.

 

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The Company shall also have the right to retain the certificates
representing shares of Restricted Stock in the Company’s possession during the
Restricted Period.

 

(d)                                 Removal of Restrictions. Except as
otherwise provided in this Section 6.3, a share of Restricted Stock covered by
a Restricted Stock grant shall become freely transferable by the Participant
upon completion of the Restricted Period including the passage of any
applicable period of time and satisfaction of any conditions to vesting.
However, unless otherwise provided by the Plan Administrator, the Plan
Administrator, in its sole discretion, shall have the right to immediately
waive all or part of the restrictions and conditions with regard to all or part
of the shares held by any Participant at any time.

 

(e)                                  Voting Rights, Dividends and Other Distributions.
During the Restricted Period, Participants holding shares of Restricted Stock
granted hereunder may exercise full voting rights and shall receive all regular
cash dividends paid with respect to such shares. Except as the Plan
Administrator shall otherwise determine, any other cash dividends and other
distributions paid to Participants with respect to shares of Restricted Stock
including any dividends and distributions paid in shares shall be subject to
the same restrictions and conditions as the shares of Restricted Stock with respect
to which they were paid.

 

(f)                                    Other Awards Settled with Restricted Stock.
The Plan Administrator may, at the time any Award described in this Section 6
is granted, provide that any or all the Stock delivered pursuant to the Award
will be Restricted Stock.

 

(g)                                 Unrestricted Stock. The Plan
Administrator may, in its sole discretion; sell to any Participant shares of
Stock free of restrictions under the Plan for a price which is not less than
the par value of the Stock.

 

(h)                                 Notice of Section 83(b) Election.
Any Participant making an election under Section 83(b) of the Code with respect
to Restricted Stock must provide a copy thereof to the Company within 10 days
of filing such election with the Internal Revenue Service.

 

6.4.                            Deferred
Stock.

 

A Deferred Stock Award entitles the recipient to receive shares of
Stock to be delivered in the future. Delivery of the Stock will take place at
such time or times, and on such conditions, as the Plan Administrator may
specify. The Plan Administrator may at any time accelerate the time at which
delivery of all or any part of the Stock will take place. At the time any Award
described in this Section 6 is granted, the Plan Administrator may provide
that, at the time Stock would otherwise be delivered pursuant to the Award, the
Participant will instead receive an instrument evidencing the Participant’s
right to future delivery of Deferred Stock.

 

6.5.                            Performance
Awards; Performance Goals.

 

(a)                                  Nature of Performance Awards. A
Performance Award entitles the recipient to receive, without payment, an amount
in cash or Stock or a combination thereof (such form to be determined by the
Plan Administrator) following the attainment of performance goals.

 

7

 

Performance goals may be related to personal performance, corporate
performance, departmental performance or any other category of performance
established by the Plan Administrator. The Plan Administrator will determine
the performance goals, the period or periods during which performance is to be
measured and all other terms and conditions applicable to the Award.

 

(b)                                 Other Awards Subject to Performance Condition.
The Plan Administrator may, at the time any Award described in this Section 6
is granted, impose the condition (in addition to any conditions specified or
authorized in this Section 6 or any other provision of the Plan) that
Performance Goals be met prior to the Participant’s realization of any payment
or benefit under the Award.

 

6.6.                            Loans.

 

(a)                                  Loans. The Company may, to the
extent permitted by law, make a loan to a Participant (“Loan”), either on the
date of or after the grant of any Award to the Participant. A Loan may be made
either in connection with the purchase of Stock under the Award or with the
payment of any Federal, state and local income tax with respect to income
recognized as a result of the Award. The Plan Administrator will have full
authority to decide whether to make a Loan and to determine the amount, terms
and conditions of the Loan, including the interest rate (which may be zero),
whether the Loan is to be secured or unsecured or with or without recourse
against the borrower, the terms on which the Loan is to be repaid, and the
conditions, if any, under which it may be forgiven. However, no Loan may have a
term (including extensions) exceeding ten years in duration.

 

(a)                                  Supplemental Grants. In connection
with any Award, the Plan Administrator may at the time such Award is made or at
a later date, provide for and grant a cash award to the Participant (“Supplemental
Grant”) not to exceed an amount equal to (1) the amount of any Federal, state
and local income tax on ordinary income for which the Participant may be liable
with respect to the Award, determined by assuming taxation at the highest
marginal rate, plus (2) an additional amount on a grossed-up basis intended to
make the Participant whole on an after-tax basis after discharging all the
Participant’s income tax liabilities arising from all payments under this
Section 6. Any payments under this subsection (b) will be made at the time the
Participant incurs Federal income tax liability with respect to the Award.

 

7.                                                                                     EVENTS
AFFECTING OUTSTANDING AWARDS

 

7.1.                            Death
or Disability.

 

Unless otherwise determined by the Plan Administrator at the time of
grant or thereafter, if a Participant dies while employed by the Company or any
of its subsidiaries or during the post-employment exercise period set forth in
Section 7.2 below or if a Participant ceases to be an Employee or service
provider to the Company or its subsidiaries, on account of a Disability (as
defined in Section 7.4), the following will apply:

 

(a)                                  All
Options and Stock Appreciation Rights held by the Participant immediately prior
to death or termination, as applicable, to the extent then exercisable, may be
exercised by the Participant’s executor or administrator or the person or
persons to whom the 

 

8

 

Option or Right is transferred by will or the applicable laws of
descent and distribution, at any time within the one-year period ending with
the first anniversary of the Participant’s death or termination, as applicable,
(or such shorter or longer period as the Plan Administrator may determine), and
shall thereupon terminate. In no event, however, shall an Option or Stock
Appreciation Right remain exercisable beyond the latest date on which it could
have been exercised without regard to this Section 7. Except as otherwise
determined by the Plan Administrator, all Options and Stock Appreciation Rights
held by a Participant immediately prior to death or Disability termination that
are not then exercisable shall terminate at death or termination, as
applicable.

 

(b)                                 Except
as otherwise determined by the Plan Administrator, all Restricted Stock held by
the Participant must be transferred to the Company (and, in the event the
certificates representing such Restricted Stock are held by the Company, such
Restricted Stock will be so transferred without any further action by the
Participant) in accordance with Section 6.3(c) above.

 

(c)                                  Any
payment or benefit under a Deferred Stock Award, Performance Award, or
Supplemental Grant to which the Participant was not irrevocably entitled prior
to death will be forfeited and the Award canceled as of the time of death, unless
otherwise determined the Plan Administrator.

 

7.2.                            Termination
of Service (Other Than By Death).

 

Unless otherwise determined by the Plan Administrator at the time of
grant or thereafter, if a Participant who is an Employee ceases to be an
Employee for any reason other than death, or if there is a termination (other
than by reason of death) of the consulting, service or similar relationship in
respect of which a non-Employee Participant was granted an Award hereunder
(such termination of the employment or other relationship being hereinafter
referred to as a “Status Change”), the following will apply:

 

(a)                                  Except
as otherwise determined by the Plan Administrator, all Options and Stock
Appreciation Rights held by the Participant that were not exercisable
immediately prior to the Status Change shall terminate at the time of the
Status Change. Any Options or Rights that were exercisable immediately prior to
the Status Change will continue to be exercisable for a period of ninety 90
days (or such longer period as the Plan Administrator may determine), and shall
thereupon terminate, unless the Award provides by its terms for immediate
termination in the event of a Status Change (unless otherwise determined by the
Plan Administrator) or unless the Status Change results from a discharge for
cause which in the opinion of the Plan Administrator casts such discredit on
the Participant as to justify immediate termination of the Award (unless
otherwise determined by the Plan Administrator). In no event, however, shall an
Option or Stock Appreciation Right remain exercisable beyond the latest date on
which it could have been exercised without regard to this Section 7. For
purposes of this paragraph, in the case of a Participant who is an Employee, a
Status Change shall not be deemed to have resulted by reason of (i) a sick
leave or other bona fide leave of absence approved for purposes of the Plan by
the Plan Administrator, so long as the Employee’s right to reemployment is
guaranteed either by statute or by contract, or (ii) a transfer of employment
between the Company and a subsidiary

 

9

 

or between subsidiaries, or to the employment of a corporation (or a
parent or subsidiary corporation of such corporation) issuing or assuming an
option in a transaction to which section 424(a) of the Code applies.

 

(b)                                 Except
as otherwise determined by the Plan Administrator, all Restricted Stock held by
the Participant at the time of the Status Change must be transferred to the
Company (and, in the event the certificates representing such Restricted Stock
are held by the Company, such Restricted Stock will be so transferred without
any further action by the Participant) in accordance with Section 6.3 (c) above.

 

(c)                                  Any
payment or benefit under a Deferred Stock Award, Performance Award, or
Supplemental Grant to which the Participant was not irrevocably entitled prior
to the Status Change will be forfeited and the Award cancelled as of the date
of such Status Change unless otherwise determined by the Plan Administrator.

 

7.3.                            Certain
Corporate Transactions.

 

Except as otherwise provided by the Plan Administrator at the time of
grant, in the event of a consolidation or merger in which the Company is not
the surviving corporation or which results in the acquisition of substantially
all the Company’s outstanding Stock by a single person or entity or by a group
of persons and/or entities acting in concert, other than Warburg, a Current
Shareholder, or a Parent Entity (each as defined in Section 7.4), or in the
event of the sale or transfer of substantially all the Company’s assets or a
dissolution or liquidation of the Company (a “covered transaction”), the
following rules shall apply:

 

(a)                                  Subject
to paragraph (b) below, all outstanding Awards requiring exercise will cease to
be exercisable, and all other Awards to the extent not fully vested (including
Awards subject to conditions not yet satisfied or determined) will be
forfeited, as of the effective time of the covered transaction, provided that
the Plan Administrator may in its sole discretion, on or prior to the effective
date of the covered transaction, (1) make any outstanding Option and Stock
Appreciation Right exercisable in full, (2) remove the restrictions from any
Restricted Stock, (3) cause the Company to make any payment and provide any
benefit under any Deferred Stock Award, Performance Award, or Supplemental
Grant, (4) remove any performance or other conditions or restrictions on any
Award, and (5) forgive all or any portion of the principal of or interest on a
Loan; or

 

(b)                                 With
respect to an outstanding Award held by a participant who, following the
covered transaction, will be employed by or otherwise providing services to a
corporation which is a surviving or acquiring corporation in the covered
transaction or an affiliate of such a corporation, the Plan Administrator
shall, in lieu of the action described in paragraph (a) above: (i) if
reasonably practicable, accelerate fifty percent (50%) of the outstanding
portion of any Award by taking all actions reasonably necessary including,
without limitation, immediately removing any restrictions not legally required
and by accelerating all vesting and exercise dates; and (ii) arrange to have
such surviving or acquiring corporation or affiliate assume the remaining fifty
percent (50%) of the outstanding portion of any Award held by such participant.

 

10

 

7.4.                            Termination
Following Change of Control.

 

(a)                                  Notwithstanding
any other provision of this Plan, if the Participant’s employment terminates
because of a “Qualified Termination” as defined in sub-section 7.4(b), all
unvested Options and Stock Appreciation Rights then held by such person shall
immediately become fully vested, all Options and Stock Appreciation Rights then
held by such person shall remain exercisable until the earlier of (i) the
fourth anniversary of such Qualified Termination and (ii) the latest date on
which such Option or Right could have been exercised without regard to Section
7.1 and Section 7.2, and all other Awards shall immediately become fully vested
and all restrictions, conditions and performance goals with respect to such
Awards shall be deemed satisfied and shall no longer be applicable.

 

(b)                                 Definitions. For purposes of this
Section 7.4 of the Plan, the following terms shall have the following meanings:

 

“Base Salary” means Participant’s annual base salary, exclusive of any
bonus or other benefits the Participant may receive.

 

“Cause” means the following, determined by the Plan Administrator in
its reasonable judgment:

 

(i)            willful failure to
perform, or gross negligence in the performance of, Participant’s duties and
responsibilities to the Company or its subsidiaries; or

 

(ii)         fraud, embezzlement or
other material dishonesty with respect to the Company or any of its
subsidiaries; or

 

(iii)      conviction of, or plea of
nolo contenders to, a felony or other crime involving moral turpitude; or

 

(iv)     other conduct by Participant
that is materially harmful to the business, interests or reputation of the
Company or any of its subsidiaries.

 

“Change of Control” means such time as:

 

(i)            a “person” or “group”
(within the meaning of Sections 13(d) and 14(d)(2) of the 1934 Act), other than
Warburg, a Current Shareholder, or a Parent Entity, becomes the ultimate “beneficial
owner” (as defined in Rule 13d-3 under the 1934 Act) of Voting Stock
representing more than 50% of the total voting power of the Voting Stock of the
Company on a fully diluted basis;

 

(ii)         Individuals who on the
effective date of the Plan constitute the Board (the “Original Directors”)
cease for any reason to constitute

 

11

 

a majority of the members of the Board then in office; provided
however, that an Original Director shall not cease to be a member of the Board
if his or her replacement is elected or appointed for election by a majority of
the Original Directors and in such event, any such replacement shall become an
Original Director for purposes of applying this clause; or

 

(iii)      the merger or consolidation
of the Company with or into another corporation; or the merger or consolidation
of another corporation with and into the Company, in either case with the
effect that, immediately after such transaction, the Voting Stock of the entity
surviving such merger or consolidation received in such transaction by the
shareholders of the Company immediately prior to such transaction represents
the ultimate beneficial ownership of less than 50% of Voting Stock of the entity
surviving such merger or consolidation.

 

“Current Shareholder” means any person or entity that owns stock as of
the effective date of the Plan.

 

“Disability” has the meaning given it in any long-term disability plan
of the Company in which Participant participates. Participant’s employment
shall be deemed terminated for Disability when Participant is entitled to
receive long-term disability compensation pursuant to such long-term disability
plan. If the Company does not maintain such a plan, Participant shall be deemed
terminated for Disability if the Company terminates his employment due to
illness, injury, accident or condition of either a physical or psychological
nature as a result of which Participant is unable to perform substantially the
duties and responsibilities of his position for 180 days during a period of 365
consecutive calendar days.

 

“Good reason” means the voluntary termination by Participant of his or
her employment after the occurrence, without Participant’s express written
consent, of any of the following events:

 

(i)                                    assignment
to Participant of duties materially adverse and inconsistent with his or her
positions, duties, responsibilities, or reporting requirements with the Company
(or a subsidiary) immediately prior to a Change of Control or a material
adverse alteration in Participant’s status or the nature of his or her
responsibilities with the Company immediately prior to a Change of Control; or

 

(ii)                                 reduction
in Participant’s rate of Base Salary to less than 100 percent of the rate of
Base Salary paid to the Participant immediately preceding the Change of
Control, or reduction in Participant’s total cash compensation opportunities,
including salary, incentives and other benefits, for any fiscal year to less
than 100 percent of the total cash

 

12

 

compensation opportunities made available to the Participant
immediately preceding the Change of Control.

 

“Parent Entity” means an entity that acquires Stock of the Company with
respect to which the majority of the Voting Stock of such entity is held in
substantially the same proportion after the acquisition as was held by the
holders of a majority of the Voting Stock of the Company immediately prior to
such acquisition.

 

“Qualified Termination” means the termination of Participant’s
employment or directorship during a Standstill Period (1) by the Company other
than for Cause, death or Disability, or (2) in the case of a Participant who at
the time of the Change of Control holds an office or directorship specifically
designated by the Plan Administrator in its sole discretion to have such right,
by Participant for Good Reason.

 

“Standstill Period” is the period commencing thirty (30) days prior to
a Change of Control and continuing until the close of business on the last
business day of the 12th calendar month following such Change of
Control.

 

“Voting Stock” means the capital stock of any class or kind ordinarily
having the power to vote for the election of directors, managers or other
voting members of the governing body of such Person.

 

“Warburg” means Warburg Pincus Private Equity VIII, LP or its
affiliates.

 

8.                                                                                   GENERAL
PROVISIONS

 

8.1.                            Documentation
of Awards.

 

Awards will be evidenced by such written instruments, if any, as may be
prescribed by the Plan Administrator from time to time. Such instruments may be
in the form of agreements to be executed by both the Participant and the
Company, or certificates, letters or similar instruments, which need not be
executed by the Participant but acceptance of which will evidence agreement to
the terms thereof.

 

8.2.                            Rights
as a Shareholder, Dividend Equivalents.

 

Except as specifically provided by the Plan, the receipt of an Award
will not give a Participant rights as a shareholder; the Participant will
obtain such rights, subject to any limitations imposed by the Plan or the
instrument evidencing the Award, upon actual receipt of Stock. However, the
Plan Administrator may, on such conditions as it deems appropriate, provide
that a Participant will receive a benefit in lieu of cash dividends that would
have been payable on any or all Stock subject to the Participant’s Award had
such Stock been outstanding. Without limitation, the Plan Administrator may
provide for payment to the Participant of amounts representing such dividends,
either currently or in the future, or for the investment of such amounts on
behalf of the Participant.

 

13

 

8.3.                            Conditions
on Delivery of Stock.

 

The Company will not be obligated to deliver any shares of Stock
pursuant to the Plan or to remove restriction from shares previously delivered
under the Plan (a) until all conditions of the Award have been satisfied or
removed, (b) until, in the opinion of the Company’s counsel, all applicable
Federal and state laws and regulation have been complied with, (c) if the
outstanding Stock is at the time listed on any stock exchange or The Nasdaq
National Market, until the shares to be delivered have been listed or
authorized to be listed on such exchange or market upon official notice of
notice of issuance, and (d) until all other legal matters in connection with
the issuance and delivery of such shares have been approved by the Company’s
counsel. If the sale of Stock has not been registered under the Securities Act
of 1933, as amended, the Company may require, as a condition to exercise of the
Award, such representations or agreements as counsel for the Company may
consider appropriate to avoid violation of such Act and may require that the certificates
evidencing such Stock bear an appropriate legend restricting transfer.

 

If an Award is exercised by the Participant’s legal representative, the
Company will be under no obligation to deliver Stock pursuant to such exercise
until the Company is satisfied as to the authority of such representative.

 

8.4.                            Tax
Withholding.

 

The Company will withhold from any cash payment made pursuant to an
Award an amount sufficient to satisfy all federal, state and local withholding
tax requirements (the “withholding requirements”).

 

In the case of an Award pursuant to which Stock may be delivered, the
Plan Administrator will have the right to require that the Participant or other
appropriate person remit to the Company an amount sufficient to satisfy the
withholding requirements, or make other arrangements satisfactory to the Plan
Administrator with regard to such requirements, prior to the delivery of any
Stock. If and to the extent that such withholding is required, the Plan
Administrator may permit the Participant or such other person to elect at such
time and in such manner as the Plan Administrator provides to have the Company
hold back from the shares to be delivered, or to deliver to the Company, Stock
having a value calculated to satisfy the withholding requirement. The Plan
Administrator may make such share withholding mandatoty with respect to any
Award at the time such Award is made to a Participant.

 

If at the time an ISO is exercised the Plan Administrator determines
that the Company could be liable for withholding requirements with respect to a
disposition of the Stock received upon exercise, the Plan Administrator may
require as a condition of exercise that the person exercising the ISO agree (a)
to inform the Company promptly of any disposition (within the meaning of
section 424(c) of the Code) of Stock received upon exercise, and (b) to give
such security as the Plan Administrator deems adequate to meet the potential
liability of the Company for the withholding requirements and to augment such
security from time to time in any amount reasonably deemed necessary by the
Plan Administrator to preserve the adequacy of such security.

 

14

 

8.5.                            Nontransferability
of Awards.

 

Unless otherwise permitted by the Plan Administrator, no Award (other
than an Award in the form of an outright transfer of cash or Unrestricted
Stock) may be transferred other than by will or by the laws of descent and
distribution, and during a Participant’s lifetime an Award requiring exercise
may be exercised only by the Participant (or in the event of the Participant’s
incapacity, the person or persons legally appointed to act on the Participant’s
behalf).

 

8.6.                            Adjustments
in the Event of Certain Transactions.

 

(a)                                  In
the event of a stock dividend, stock split or combination of shares,
recapitalization, merger, acquisition, reorganization, or other change in the
Company’s capitalization, or other distribution to common shareholders other
than normal cash dividends, after the effective date of the Plan, the Plan
Administrator will make any appropriate adjustments to the maximum number of
shares that may be delivered under the Plan under Section 4 above.

 

(b)                                 In
any event referred to in paragraph (a), the Plan Administrator will also make
any appropriate adjustments to the number and kind of shares of stock or
securities subject to Awards then outstanding or subsequently granted, any
exercise prices relating to Awards and any other provision of Awards affected
by such change. The Plan Administrator may also make such adjustments to take
into account material changes in law or in accounting practices or principles,
mergers, consolidations, acquisitions, dispositions or similar corporate
transactions, or any other event, if it is determined by the Plan Administrator
that adjustments are appropriate to avoid distortion in the operation of the
Plan.

 

(c)                                  In
the case of ISOs or for purposes of the limits set forth in the second
paragraph of Section 4, the adjustments described in (a) and (b) will be made
only to the extent consistent with continued qualification of the option under
Section 422 of the Code (in the case of an ISO) or Section 162(m) of the Code
(in the case of the limits in Section 4).

 

8.7.                            Employment
Rights, Etc.

 

Neither the adoption of the Plan nor the grant of Awards will confer
upon any person any right to continued retention by the Company or any
subsidiary as an Employee or otherwise, or affect in any way the right of the
Company or subsidiary to terminate an employment, service or similar
relationship at any time. Except as specifically provided by the Plan
Administrator in any particular case, the loss of existing or potential profit
in Awards granted under the Plan will not constitute an element of damages in
the event of termination of an employment, service or similar relationship even
if the termination is in violation of an obligation of the Company to the
Participant.

 

15

 

8.8.                            Deferral
of Payments.

 

The Plan Administrator may agree at any time, upon request of the
Participant, to defer the date on which any payment under an Award will be
made.

 

8.9.                            Past
Services as Consideration.

 

Where a Participant purchases Stock under an Award for a price equal to
the par value of the Stock the Plan Administrator may determine that such price
has been satisfied by past services rendered by the Participant.

 

8.10.                     Qualification
of Plan.

 

It is intended that each Incentive Stock Option to be issued under this
Plan will qualify as and be subject to exercise only to the extent that it does
qualify as an incentive stock option as defined in Section 422 of the Code. The
Plan Administrator may make any amendment to the Plan which, in the opinion of
the counsel for the Company, will be required to obtain or maintain such
conformity.

 

8.11                        Re-Pricing
of Options Prohibited.

 

Except as allowed by Section 8.6 of this Plan, re-pricing of stock
options issued or awarded under this Plan is prohibited. The Plan Administrator
may not adjust the exercise price of any stock option except for those reasons
expressly stated in Section 8.6 (stock splits, mergers, etc.).

 

8.12.                     Applicable
Law; Severability.

 

The Plan here created will be construed, administered, and governed in
all respects in accordance with the laws of the State of Delaware. If any
provision of this instrument will be held by a court of competent jurisdiction
to be invalid or unenforceable, the remaining provisions of the Plan will
continue to be fully effective

 

9.                                                                                      EFFECT,
AMENDMENT AND TERMINATION

 

Neither adoption of the Plan nor the grant of Awards to a Participant
will affect the Company’s right to grant to such Participant awards that are
not subject to the Plan, to issue to such Participant Stock as a bonus or
otherwise, or to adopt other plans or arrangements under which Stock may be
issued to Employees.

 

The Plan Administrator may at any time or times amend the Plan or any
outstanding Award for any purpose which may at the time be permitted by law, or
may at any time terminate the Plan as to any further grants of Awards, provided
that (except to the extent expressly required or permitted by the Plan) no such
amendment will, without the approval of the shareholders of the Company,
effectuate a change for which shareholder approval is required in order for the
Plan to continue to qualify for the award of ISOs under section 422 of the
Code, for

 

16

 

the award of performance-based compensation under Section 162(m) of the
Code or under Rule 16b-3 promulgated under Section 16 of the 1934 Act. In
addition, the Plan Administrator shall not, without the consent of the holder
of an Award, take any action under this Section 9 with respect to such Award if
such action would adversely affect the rights of such holder.

 

 

I hereby certify that the foregoing Plan was duly adopted by the Board
of Directors as of the 11th day of October, 2001.

 

 

	
   

  	
  /s/ James E.  Heard

  
	
   

  	
  Name.

  	
  JAMES E.  HEARD

  
	
   

  	
  Title;

  	
  CHIEF EXECUTIVE OFFICER

  

 

 

I hereby certify that the foregoing Plan was duly ratified by the
Shareholders as of the first day of October, 2002.

 

 

	
   

  	
  /s/ James E.  Heard

  
	
   

  	
  Name.

  	
  JAMES E.  HEARD

  
	
   

  	
  Title;

  	
  CHIEF EXECUTIVE OFFICER

  

 

 

 

AMENDMENT TO THE

INSTITUTIONAL SHAREHOLDER SERVICES HOLDINGS,
INC.

EQUITY INCENTIVE PLAN

 

This Amendment to the Institutional Shareholder Services Holdings, Inc.
Equity Incentive Plan (the “Plan”)
is effective as of October 12, 2004.

 

Section 4 of the Plan shall be amended to state in its entirety as
follows:

 

“4.                               SHARES
SUBJECT TO THE PLAN

 

Subject to adjustment as provided in Section
8.6 below, the aggregate number of shares of Stock that may be delivered under
the Plan will be Eight Thousand Four Hundred Fifty Three (8,453) shares of
common stock of the Company. If any Award requiring exercise by the Participant
for delivery of Stock expires or terminates in accordance with its terms or is
canceled without having been exercised in full, or if any Award payable in
Stock or cash is satisfied in cash rather than Stock, the number of shares of
Stock as to which such Award was not exercised or for which cash was
substituted will be available for future grants. Except as adjusted pursuant to
Section 8.6, in no event shall more than Eight Thousand Four Hundred Fifty
Three (8,453) shares of common stock be available for issuance pursuant to ISOs
(as defined below).

 

Stock delivered under the Plan may be either
authorized but unissued Stock or previously issued Stock acquired by the
Company and held in treasury.”

 

IN WITNESS OF THE FOREGOING, the undersigned Secretary of Institutional
Shareholder Services Holdings, Inc. (the “Corporation”),
certifies that the foregoing amendment to the Institutional Shareholder
Services Holdings, Inc. Equity Incentive Plan was duly adopted by the Board of
Directors of the Corporation on October 12, 2004 and approved by the
stockholders of the Corporation on October 12, 2004.

 

 

	
   

  	
  /s/ Steven Friedman

  	
   

  
	
   

  	
  Steven Friedman, Secretary

  

 

 

AMENDMENT TO THE

INSTITUTIONAL SHAREHOLDER SERVICES HOLDINGS,
INC.

EQUITY INCENTIVE PLAN

 

This Amendment to the Institutional Shareholder Services Holdings, Inc.
Equity Incentive Plan (the “Plan”)
is effective as of May 16, 2005.

 

Section 4 of the Plan shall be amended to state in its entirety as
follows:

 

“4.                               SHARES
SUBJECT TO THE PLAN

 

Subject to adjustment as provided in Section
8.6 below, the aggregate number of shares of Stock that may be delivered under
the Plan will be Eight Thousand Four Hundred Eighty Seven (8,487) shares of
common stock of the Company. If any Award requiring exercise by the Participant
for delivery of Stock expires or terminates in accordance with its terms or is
canceled without having been exercised in full, or if any Award payable in
Stock or cash is satisfied in cash rather than Stock, the number of shares of
Stock as to which such Award was not exercised or for which cash was
substituted will be available for future grants. Except as adjusted pursuant to
Section 8.6, in no event shall more than Eight Thousand Four Hundred Eighty
Seven (8,487) shares of common stock be available for issuance pursuant to ISOs
(as defined below).

 

Stock delivered under the Plan may be either
authorized but unissued Stock or previously issued Stock acquired by the
Company and held in treasury.”

 

IN WITNESS OF THE FOREGOING, the undersigned Secretary of Institutional
Shareholder Services Holdings, Inc. (the “Corporation”),
certifies that the foregoing amendment to the Institutional Shareholder
Services Holdings, Inc. Equity Incentive Plan was duly adopted by the Board of
Directors of the Corporation as of May 16, 2005 and approved by the
stockholders of the Corporation as of May 16, 2005.

 

 

	
   

  	
  /s/ Steven Friedman

  	
   

  
	
   

  	
  Steven Friedman, Secretary

  

 

 

AMENDMENT TO THE

INSTITUTIONAL SHAREHOLDER SERVICES HOLDINGS,
INC.

EQUITY INCENTIVE PLAN

 

This Amendment to the Institutional Shareholder Services Holdings, Inc.
Equity Incentive Plan (the “Plan”)
is effective as of December 14, 2005.

 

Section 4 of the Plan shall be amended to state in its entirety as
follows:

 

“4.                               SHARES
SUBJECT TO THE PLAN

 

Subject to adjustment as provided in Section
8.6 below, the aggregate number of shares of Stock that may be delivered under
the Plan will be Eight Thousand Eight Hundred Fifty Nine (8,859) shares of
common stock of the Company, If any Award requiring exercise by the Participant
for delivery of Stock expires or terminates in accordance with its terms or is
canceled without having been exercised in full, or if any Award payable in
Stock or cash is satisfied in cash rather than Stock, the number of shares of
Stock as to which such Award was not exercised or for which cash was
substituted will be available for future grants. Except as adjusted pursuant to
Section 8,6, in no event shall more than Eight Thousand Eight Hundred Fifty
Nine (8,859) shares of common stock be available for issuance pursuant to ISOs
(as defined below).

 

Stock delivered under the Plan may be either
authorized but unissued Stock or previously issued Stock acquired by the
Company and held in treasury,”

 

IN WITNESS OF THE FOREGOING, the undersigned Secretary of Institutional
Shareholder Services Holdings, Inc. (the “Corporation”),
certifies that the foregoing amendment to the Institutional Shareholder
Services Holdings, Inc. Equity Incentive Plan was duly adopted by the Board of
Directors of the Corporation as of December 14, 2005 and approved by the
stockholders of the Corporation as of May 4, 2006.

 

 

	
   

  	
  /s/ Steven Friedman

  	
   

  
	
   

  	
  Steven Friedman, SecretaryExhibit 10.11

 

SECOND AMENDED AND RESTATED STOCKHOLDERS AGREEMENT

 

This SECOND AMENDED
AND RESTATED STOCKHOLDERS AGREEMENT (this “Agreement”) is
made and entered into as of January 11, 2007, by and among RiskMetrics Group,
Inc., a Delaware corporation (the “Company”), the
Stockholders (as defined below), the Two Percent Stockholders (as defined
below) and the Investors (as defined below), but with respect to the Investors,
only for the limited purposes of Sections 3.1(d), 3.1(e), 3.2,
4.1 and 7 hereof.

 

RECITALS

 

WHEREAS,
RiskMetrics Solutions, Inc. (f/k/a RiskMetrics Group, Inc.), a Delaware
corporation (“RMG”), and the stockholders of
RMG have previously entered into an Amended and Restated Stockholders
Agreement, dated as of June 14, 2004 (the “Amended Agreement”),
which amended and restated a Stockholders Agreement, dated as of August 24,
2000, to which RMG and certain of such stockholders were parties;

 

WHEREAS,
the Company (f/k/a RMG Holdco, Inc. and which, as of the date of the Merger
Agreement, was a direct, wholly-owned Subsidiary of RMG), RMG, RMG Merger Sub,
Inc., a Delaware corporation and, as of such date, a wholly-owned Subsidiary of
RMG LLC (as defined below) (“RMG Merger Sub”),
ISS Merger Sub, Inc., a Delaware corporation and, as of such date, a
wholly-owned Subsidiary of RMG LLC (“ISS Merger Sub”),
Institutional Shareholder Services Holdings, Inc., a Delaware corporation (“ISS”), and RiskMetrics Group Holdings, LLC, a Delaware
limited liability company and a direct, wholly-owned Subsidiary of the Company
(“RMG LLC”), have entered into an
Agreement and Plan of Merger, dated as of October 31, 2006, as amended (as
amended, the “Merger Agreement”);

 

WHEREAS,
pursuant to the Merger Agreement, on even date herewith, RMG Merger Sub has
merged with and into RMG, with RMG continuing as the surviving corporation and
an indirect, wholly-owned Subsidiary of the Company, and ISS Merger Sub has
merged with and into ISS, with ISS continuing as the surviving corporation and
an indirect, wholly-owned Subsidiary of the Company (collectively, the “Mergers”);

 

WHEREAS,
pursuant to the Merger Agreement, in connection with the Mergers, the Company
is issuing shares of the Company’s common stock, par value $0.01 per share (the
“Common Stock”), to certain former
holders of the common stock and the Series
A Convertible Preferred Stock of ISS (collectively, the “Former ISS Stockholders”), as more
particularly described in the Merger Agreement;

 

WHEREAS, pursuant to the Merger Agreement, (a) each
Former ISS Stockholder that will own any shares of Common Stock immediately
following the effective time of the Mergers (collectively, the “ISS Investors”), among other Persons, is
required to execute this Agreement, and (b) each share of the common stock of
RMG outstanding immediately prior to the Effective Time (as defined in the
Merger Agreement) will automatically be converted into a share of Common Stock
on a one-for-one basis;

 

WHEREAS, the parties hereto intend for the Company
to execute and become a party to

 

 

this Agreement in place of RMG through substitution
and novation, and the parties to the Amended Agreement intend to execute and
become parties to this Agreement;

 

WHEREAS, immediately following the effective time of
the Mergers, the Company is filing with the Secretary of State
of the State of Delaware an Amended and Restated Certificate of Incorporation;

 

WHEREAS,
in connection with the Mergers and the other transactions contemplated by the
Merger Agreement, among other things, on even date herewith, the Company and certain
of its stockholders (including, without limitation, certain of the Former ISS Stockholders) are executing
an Amended and Restated Investor Rights Agreement (as the same may be amended
and/or restated from time to time after the date hereof, the “Investor Rights Agreement”), pursuant to which the parties
thereto shall be subject to the provisions thereof;

 

WHEREAS,
in connection with the Mergers and the other transactions contemplated by the
Merger Agreement, among other things, the Company and its stockholders
(including, without limitation, the ISS Investors) desire to amend and restate
the Amended Agreement as set forth herein;

 

WHEREAS,
because all of the Persons that were stockholders of the Company as of the date
of the Amended Agreement executed and became parties to the Amended Agreement,
the provisions in the Amended Agreement with respect to Non-Executing
Stockholders (as defined therein) are being deleted from this Agreement; and

 

WHEREAS,
pursuant to and consistent with Section 6 of the Amended Agreement, this
Agreement may not be executed by all of the parties to the Amended Agreement,
but will nonetheless be binding on all such parties.

 

NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and
agreements hereinafter set forth, the Company and its stockholders, intending
to be legally bound, hereby agree as follows:

 

SECTION 1

 

DEFINITIONS

 

1.1           Certain Defined Terms. As used
herein, the following terms shall have the following meanings:

 

“ABS Ventures Stockholders” means ABS Ventures
VIII L.P., any Affiliate thereof that, after the date hereof, acquires Capital
Stock and any transferee thereof to whom shares of Capital Stock are
transferred in accordance with the provisions of this Agreement and the
Investor Rights Agreement, and the term “ABS Ventures Stockholder”
shall mean any such Person.

 

“Affiliate” of a specified
Person means a Person that, directly or indirectly, controls, is controlled by,
or is under common control with, the specified Person. For this purpose, “control”
means the possession, directly or indirectly, of the power to direct or cause
the direction of the

 

2

 

management
or policies of a Person, whether through the ownership of voting securities, by
contract or otherwise.

 

“Agreement” has the
meaning set forth in the Introduction.

 

“Amended
Agreement” has the meaning set forth in the Recitals.

 

“Berman” means Marc Ethan Berman.

 

“Board” means the board of directors of the
Company.

 

“Capital Stock” means any and all shares of
capital stock of the Company however designated and whether voting and/or
nonvoting, including, without limitation, Common Stock, whether outstanding on
the date hereof or issued after the date hereof.

 

“Cause” means, with respect to the removal or
termination of a Company Person, any one or more of the following:  (i) any action by such individual which
constitutes dishonesty relating to the Company, a willful violation of law
(other than traffic offenses and similar minor offenses) or a fraud against the
Company; (ii) the individual is charged by indictment for, is convicted of or
pleads guilty to, a felony or other crime; (iii) gross negligence or willful
misconduct by the individual relating to the Company or his or her services to
the Company; (iv) any violation by the individual of his or her fiduciary
obligations to the Company; (v) in the case of an employee of the Company,
willful failure to comply with any material instruction of the Board or any
senior executive of the Company who supervises such employee; and (vi) in the case
only of a member of the Board (other than a Director who is an Investor
Designee), the Disability of such individual.

 

“Change of Control” means (i) any merger,
consolidation or reorganization of the Company into or with any other Person or
Persons (except a merger, consolidation or reorganization with or into a
wholly-owned Subsidiary of the Company or a merger, consolidation or
reorganization in which either (A) the Company’s voting stock outstanding
immediately prior to such transaction continues to represent a majority by
voting power of the voting stock outstanding immediately following such
transaction on a fully diluted basis or (B) the shares of capital stock issued
in exchange for the Company’s voting stock outstanding immediately prior to
such transaction represent a majority by voting power of the voting stock of
the continuing or resulting entity immediately following such transaction on a
fully diluted basis); (ii) any issuance, sale or other disposition (or series
of related sales or dispositions) of the capital stock of the Company by the
Company and/or stockholders in which the stockholders immediately prior to such
event do not hold a majority by voting power of the outstanding stock of the
Company immediately after such event (on a fully diluted basis) (other than in
a public offering); or (iii) any sale, license, lease or disposition of all or
substantially all of the assets of the Company.

 

“Chief Executive Officer” means the Chief Executive Officer
of the Company.

 

“Common Stock” has the meaning set forth in the Recitals.

 

“Company” has the meaning set forth in the caption of this
Agreement.

 

3

 

“Company Person” has the meaning set forth in Section 3.1(c)(iii)(A)
hereof.

 

“DGCL” means the Delaware General Corporation Law as in
effect from time to time.

 

“Director” means a member of the Board.

 

“Disability” means the inability of an employee or member of
the Board to perform all or a substantial part of his or her services, or in
the case of a Board member, any of his or her material duties, as a result of
mental or physical defect or illness for a period of 90 consecutive days or 120
non-consecutive days during any 12 month period as determined by the Board in
good faith, which determination shall be made by the members of the Board who are
not the subject of such determination.

 

“Fair Market Value” means, with respect to any shares of
Capital Stock, the amount that would be allocated to that Capital Stock if all
of the shares of Capital Stock of the Company were sold at the fair market value
thereof. The determination of Fair Market Value shall be made by the Board in
good faith and shall be final and binding on the Company and the relevant
Stockholders unless otherwise provided in this Agreement. Such determination by
the Board shall not include the vote of any Director whose Capital Stock is
subject to the purchase in connection with which such determination is being
made.

 

“Family Trusts” means trusts under which no immediate
beneficial interest in any of the shares of Capital Stock held by such trust is
vested in any Person other than an employee of the U.K. Subsidiary and/or such
employee’s Privileged Relations. For purposes of this definition, a Person
shall be considered “beneficially interested” in a share of Capital Stock if
such share or any income related thereto is transferred or paid or applied or
appointed to or for the benefit of such Person, or any voting or other rights
attaching thereto are exercisable by or as directed by such Person pursuant to
the terms of such trust or as the result of an exercise of a power or
discretion conferred by such terms on any Person or Persons.

 

“Fiscal Year”
shall initially mean the calendar year, or such other 12 month period approved
by the Board.

 

“Former ISS
Stockholders” has the meaning set forth in the Recitals.

 

“fully diluted basis” shall be calculated, as of any date of
determination, on the basis of all outstanding shares of Capital Stock; provided
that for this purpose, all options, warrants or other rights of any kind
to acquire shares of Capital Stock and all securities exercisable, convertible
or exchangeable (directly or indirectly) into shares of Capital Stock
outstanding at such time and exercisable, convertible or exchangeable at such
time shall, to the extent they are “in the money” only, be deemed to have been
fully exercised, converted or exchanged, as the case may be, and the shares of
Capital Stock issuable as a result thereof shall be deemed to have been fully
issued and to form part of the holdings of the Person(s) entitled to receive
such shares of Capital Stock; provided  further that, for purposes
hereof, shares of Capital Stock underlying options or other rights to acquire
shares of Capital Stock shall be deemed to be outstanding in accordance with
the foregoing only to the extent that such options or other rights are vested
as of such date of determination.

 

4

 

“GA Stockholders” means General Atlantic Partners 78, L.P.,
GapStar, LLC, GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GAPCO GmbH
& Co. KG, any Affiliate thereof that, after the date hereof, acquires
shares of Capital Stock and any transferee thereof to whom shares of Capital
Stock are transferred in accordance with the provisions of this Agreement and
the Investor Rights Agreement, and the term “GA Stockholder”
shall mean any such Person.

 

“Instrument of Adherence” means the Instrument of Adherence,
substantially in the form attached as Annex I hereto.

 

“Investor Designee” means each Director appointed by the
Investors as set forth in Section 2.1(b) of the Investor Rights Agreement.

 

“Investor Rights Agreement” has the meaning set forth in the
Recitals.

 

“Investors” means the Spectrum Stockholders, the GA
Stockholders, the TCV Stockholders, the ABS Ventures Stockholders and the W
Capital Stockholders. The initial Investors are listed on Schedule A-3
hereto.

 

“ISS” has the meaning set forth in the Recitals.

 

“ISS Investors”
has the meaning set forth in the Recitals.

 

“ISS Merger Sub” has the meaning set forth in the Recitals.

 

“Joining Price” has the meaning set forth in Section 3.1(d)(i)
hereof.

 

“Joining Terms” has the meaning set forth in Section 3.1(d)(i)
hereof.

 

“Merger Agreement” has the meaning set forth in the Recitals.

 

“Mergers” has the meaning set forth in the Recitals.

 

“Option Plans”
shall mean the Company’s 2007 Omnibus Incentive Compensation Plan and any other
stock option or incentive compensation plan adopted and approved by the Board
in accordance with the provisions of this Agreement.

 

“Person” means
an individual, corporation, limited liability company, partnership,
association, trust or other legal entity.

 

“Privileged Relation” means, with respect to an individual
who is an employee of the UK Subsidiary, the husband or wife of such individual
and all the lineal descendants and ascendants in direct line of such individual
and the brothers and sisters of such individual and their lineal descendants
and a husband or wife or widower or widow of any of the above persons and for
the purposes aforesaid a step-child or adopted child or illegitimate child of
any person shall be deemed to be his or her lineal descendant.

 

“Proposed Purchaser(s)” has the meaning set forth in Section
3.1(d)(i) hereof.

 

5

 

“Purchase Offer” has the meaning set forth in Section 3.1(d)(i)
hereof.

 

“Qualified Public Offering” means the Company’s sale of
shares of Common Stock in a bona fide, firm commitment underwriting pursuant to
a registration statement on Form S-1 (or a successor form) under the Securities
Act, at an aggregate purchase price of at least $40,000,000 which is based on a
valuation of the Company of not less than two hundred million dollars
($200,000,000).

 

“Requisite Parties” has the meaning set forth in Section 3.1(e)(ii)(A)
hereof.

 

“RMG” has the meaning set forth in the Recitals.

 

“RMG Merger Sub” has the meaning set forth in the Recitals.

 

“Securities Act”
means the Securities Act of 1933, as amended, and any successor statute.

 

“Securities Exchange Act” means the Securities Exchange Act
of 1934, as amended, and any successor statute.

 

“Selling Holder(s)” has the meaning set forth in Section 3.1(d)
hereof.

 

“Spectrum Stockholders” means Spectrum Equity Investors IV,
L.P., Spectrum Equity Investors Parallel IV, L.P., Spectrum Investment Managers’
Fund, L.P., any Affiliate thereof that, after the date hereof, acquires shares
of Capital Stock and any transferee thereof to whom shares of Capital Stock are
transferred in accordance with the provisions of this Agreement and the
Investor Rights Agreement, and the term “Spectrum Stockholder”
shall mean any such Person.

 

“Stock” means shares of Common Stock.

 

“Stockholder” or “Stockholders”
means the parties to this Agreement who own shares of Capital Stock immediately
after the consummation of the Mergers, and any other Person who becomes a
holder of shares of Capital Stock after the date hereof (including through the
exercise of options granted under any of the Option Plans) and who becomes a
party to this Agreement by executing and delivering to the Company an
Instrument of Adherence, other than an Investor or Two Percent Stockholder. The
Stockholders are listed on Schedule A-1 hereto.

 

“Subsidiary”
means any corporation or other entity of which securities or other ownership
interests having ordinary voting power to elect a majority of the board of
directors or other Persons performing similar functions are at the time
directly or indirectly owned by the Company.

 

“TCV Stockholders” means TCV V, L.P. and TCV Member Fund,
L.P., any Affiliate thereof that, after the date hereof, acquires shares of
Capital Stock and any transferee thereof to whom shares of Capital Stock are
transferred in accordance with the provisions of this Agreement and the
Investor Rights Agreement, and the term “TCV Stockholder”
shall mean any such Person.

 

6

 

“Two Percent Stockholder” or “Two Percent
Stockholders” means any holder or holders of shares of Capital Stock
who at any time of determination owns two percent (2%) or more of the
outstanding shares of Capital Stock on a fully diluted basis and who is a party
to this Agreement and the Investor Rights Agreement as of the date hereof, or
who hereafter becomes a party to this Agreement and the Investor Rights
Agreement by executing and delivering an Instrument of Adherence, other than an
Investor. The Two Percent Stockholders are listed on Schedule A-2
hereto.

 

“Transaction” has the meaning set forth in Section 3.1(d)
hereof.

 

“Transfer” has the meaning set forth in Section 3.1(a)
hereof.

 

“UK Stock” means (for as long as they are held by the
trustees of any Family Trusts), the shares of Capital Stock originally acquired
by such trustees and any additional shares of Capital Stock issued to such
trustees as the result of additional capitalization of the Company or acquired
by such trustees as the result of the exercise by such trustee of any right
pursuant to or arising out of the holding of such shares of Capital Stock.

 

“UK Stockholder” means a Stockholder who is an employee of
the UK Subsidiary.

 

“UK Subsidiary” means RiskMetrics (UK) Limited, a company
organized under the laws of England and Wales and a wholly owned subsidiary of
the Company.

 

“W Capital Stockholders” means W Capital Partners, L.P. and W
Capital Partners 2003, L.P., any Affiliate thereof that, after the date hereof,
acquires Capital Stock and any transferee thereof to whom shares of Capital
Stock are transferred in accordance with the provisions of this Agreement and
the Investor Rights Agreement, and the term “W Capital
Stockholder” shall mean any such Person.

 

SECTION 2

 

ELECTION OF DIRECTORS

 

2.1           Board of Directors. Each Stockholder
shall vote (or shall cause to be voted) all shares of Capital Stock owned or
controlled by such Stockholder (including any shares of Capital Stock hereafter
acquired) at any regular or special meeting of stockholders of the Company,
shall take all action by written consent in lieu of such meeting of
stockholders, and shall take all other actions necessary, to elect the nominees
for the Board as designated by the Investors (other than the ABS Ventures
Stockholders and W Capital Stockholders) and the Two Percent Stockholders in
accordance with Section 2 of the Investor Rights Agreement.

 

2.2           Termination of Provision upon
Qualified Public Offering. The provisions of this Section
2 shall terminate upon the consummation by the Company of a Qualified Public
Offering.

 

7

 

SECTION 3

 

RESTRICTIONS ON TRANSFER OF CAPITAL STOCK

 

3.1           Restrictions on Transfers of
Capital Stock.

 

(a)           General. No transfer,
sale, assignment, grant of a participation in, gift, pledge, encumbrance,
hypothecation, exchange or other disposition (herein collectively called a “Transfer”) of all or any fraction of the shares of Capital
Stock held by any Stockholder may be made except (i) in accordance this
Agreement (including, without limitation, Sections 3.1(c), 3.1(d),
3.1(e) and 3.1(g) of this Agreement); or (ii) unless otherwise
specifically provided for in this Agreement or approved in writing by the Board
(whether as a repurchase by the Company or a Transfer to another Person which
may be but is not required to be a then-existing stockholder); provided,
however, that a Transfer by operation of law to the estate or personal
representative of a deceased or Disabled Stockholder (which estate or
representative will then be subject to the same restrictions on Transfer as all
other Stockholders) shall not require the consent of the Board, but shall in
all respects be subject to Sections 3.1(b) and 3.2.

 

(b)           Securities Laws; Restrictive
Legend. Notwithstanding any other provisions of this Section 3.1, any
Transfer of all or part of the shares of Capital Stock held by any Stockholder
may only be made if:

 

(i)            such Transfer would not
result in a violation of applicable law, including the Securities Act and any
state securities or “Blue Sky” laws applicable to the Company or the shares of
Capital Stock to be Transferred;

 

(ii)           such Transfer would not
result in the Company being required to register under section 12(g) of the
Securities Exchange Act, except in the case of a Qualified Public Offering or
exercise by any Stockholder of any registration rights to which it is entitled;

 

(iii)          if requested by the Board,
the Stockholder shall have provided an opinion of counsel satisfactory to the
Board as to the matters set forth in this Section 3.1(b) and such other
matters as they may reasonably request; and

 

(iv)          the certificates
representing the shares of stock issued to the transferee bear appropriate
legends reflecting the restrictions on Transfer contained in this Agreement
substantially to the following effect (which is the same legend required on all
stock certificates held by parties to this Agreement):

 

THE SHARES
EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES LAWS OF ANY
STATE OR FOREIGN JURISDICTION. SUCH SHARES ARE SUBJECT TO RESTRICTIONS ON
TRANSFERABILITY AND RESALE, AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT IN
COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE OR FOREIGN

 

8

 

SECURITIES
LAWS, PURSUANT TO REGISTRATION THEREUNDER OR EXEMPTION THEREFROM. IN ADDITION,
TRANSFER OR OTHER DISPOSITION OF SUCH SHARES IS FURTHER RESTRICTED BY THE SECOND
AMENDED AND RESTATED STOCKHOLDERS AGREEMENT, DATED AS OF JANUARY 11, 2007. PURCHASERS
OF THE SHARES EVIDENCED BY THIS CERTIFICATE SHOULD BE AWARE THAT THEY WILL BE
REQUIRED TO BEAR THE FINANCIAL RISKS OF THEIR INVESTMENT FOR AN INDEFINITE
PERIOD OF TIME.

 

(c)           Rights of First Offer.

 

(i)            Sale by Employees or Directors
(other than a Director who is an Investor Designee) of the Company.

 

(A)          Except with respect to
Transfers made in compliance with Section 3.1(d)  (Tag-Along Rights) and 3.1(e)  (Drag
Along-Rights) and Transfers to the Company that are approved by the
Board, no Stockholder who is an employee of the Company or a Board member
(other than a Director who is an Investor Designee) (a “Company
Person”) shall have the right to Transfer shares of Capital Stock
without first notifying the Company and obtaining approval by the Board, such
approval to be given in the Board’s sole discretion.

 

(B)           If any Company Person shall
cease to be an employee of the Company or a Director (other than a Director who
is an Investor Designee) for any reason, unless otherwise provided in an
employment agreement or any other separate agreement between the Company and
the applicable employee, the Company may elect to purchase, or the Company
shall be required to purchase, as the case may be, all of the shares of Capital
Stock held by such Stockholder (including any shares of Capital Stock
previously acquired upon the exercise of options granted under the Option Plans
or under any other agreement, whether before or after termination of
employment), as provided below and on the following terms:

 

(1)           Termination or Removal for Cause.

 

(x)            If
a Company Person is terminated or removed for Cause, such Company Person will
forfeit any unexercised vested stock options as provided in the Company’s
Option Plans, in each case without consideration. If a Company Person is
terminated or removed for Cause, the Company shall, within ninety (90) days
after the date of termination or removal, purchase from such Company Person any
shares of Capital Stock held by such Company Person for an amount equal to the
lower of (A) 50% of the Fair Market Value of such shares of Capital Stock and
(B) 50% of the consideration originally paid by such employee or Board member
for such shares of Capital Stock (or, in the case of a Director (other than a
Director who is an Investor Designee) who

 

9

 

acquired such
shares of Capital Stock without payment as compensation for serving as a
Director, 50% of the Fair Market Value of such shares of Capital Stock on the
date of issuance). For the avoidance of doubt, in the case of an employee who
acquired shares of Capital Stock without payment, the repurchase price payable
by the Company for such shares of Capital Stock shall be zero dollars ($0.00)
for the purposes of this Section 3.1(c)(i)(B)(1)(x).

 

(y)           For
purposes of this Section 3.1(c)(i), Cause shall have the meaning
given to it in this Agreement; provided, however, that, in the
case of an employee, if the employee is employed pursuant to an employment or
service agreement, excluding any terms and conditions of employment applicable
to employees of the U.K. Subsidiary generally, Cause shall have the meaning given
to it under that agreement.

 

(2)           Termination or Removal Without Cause. If a
Company Person is terminated or removed by the Company without Cause, the
Company may elect, by notice given within fourteen (14) months after the date
of termination or removal, to purchase (x) any shares of Capital Stock held by
such Company Person, for an amount equal to the Fair Market Value of such
shares of Capital Stock and (y) any unexercised vested stock options then held
by Company Person for an amount equal to the excess, if any, of the Fair Market
Value of the shares of Capital Stock subject to such options over the aggregate
exercise price of such options, but not less than ($.01) per share.

 

(3)           Voluntary Termination or
Resignation.

 

(x)            If
a Company Person voluntarily terminates his or her employment with the Company
or resigns from (or otherwise completes his or her term of service on) the
Board, and within twelve (12) months from the date of such termination or
resignation (or completion) becomes employed by, or serves as a director of, a
competitor of the Company, as determined by the Board in good faith, the
Company shall, by notice given within fourteen (14) months after the date of
termination or resignation (or completion), purchase from such Company Person any
shares of Capital Stock held by such Company Person for an amount equal to the
lower of (A) 50% of the Fair Market Value of such shares of Capital Stock and
(B) 50% of the consideration originally paid by such employee or Board member
for such shares of Capital Stock (or, in the case of a Board member who
acquired such shares of Capital Stock without payment as compensation for
serving as a Board member, 50% of the Fair Market Value of such shares of
Capital Stock on the date of issuance). For the avoidance of doubt, in the case
of an employee who acquired shares of Capital Stock

 

10

 

without
payment, the repurchase price payable by the Company for such shares of Capital
Stock shall be zero dollars ($0.00) for the purposes of this Section 3.1(c)(i)(B)(3)(x).

 

(y)           If
a Company Person voluntarily terminates his or her employment with the Company
or resigns from (or otherwise completes his or her term of service on) the
Board, but does not within twelve (12) months from the date of such termination
or resignation (or completion) become employed by, or serve as a director of, a
competitor of the Company, as determined by the Board in good faith, the
Company may elect, by notice given within fourteen (14) months after the date
of termination or resignation (or completion), to purchase from such Company
Person (x) any shares of Capital Stock held by such Company Person for an
amount equal to the Fair Market Value of such shares of Capital Stock and (y)
any unexercised vested stock options then held by such Company Person for an
amount equal to the excess, if any, of the Fair Market Value of the shares of
Capital Stock subject to such options over the aggregate exercise price of such
options, but not less than $.01 per share.

 

(z)            If
the Company’s option to purchase is exercised prior to one year after the date
of termination, payment to be made pursuant to Section 3.1(c)(i)(B)(3)(x)
or 3.1(c)(i)(B)(3)(y) above in connection with such purchase may, in the
Board’s discretion, be deferred until one (1) year after the date of
termination in order for the Board to determine whether Section 3.1(c)(i)(B)(3)(x)
or 3.1(c)(i)(B)(3)(y) shall apply and such payment shall be made
promptly after one year following the date of termination (without interest),
unless the Board determines that payment at such time would materially
adversely affect the Company or its financial condition. If the Board
determines that such payment would materially adversely affect the Company or
its financial condition, in the Board’s discretion, payments may be made
hereunder in three equal annual installments (without interest) over a three
(3) year period, beginning one year after termination or resignation (or
completion).

 

(4)           Termination by the Company in
Violation of Employment Agreement. Notwithstanding the
provisions of Section 3.1(c)(i)(B)(2) above with respect to
termination without Cause, if the Company terminates the employment of any
employee who is also a Stockholder in violation of such employee’s employment
or service agreement with the Company (excluding any terms and conditions of
employment applicable to Berman and employees of the U.K. Subsidiary
generally), if any, the Company shall not have the right to repurchase any
shares of Capital Stock held by such employee; provided, however, that such employee shall have the right,
at any time up to ninety (90) after the date of such termination, upon written
notice to the

 

11

 

Company, to require the Company to repurchase, within ninety (90) days
after the date of such notice, such shares of Capital Stock (including unvested
stock options, which shall immediately vest upon such termination) for an
amount equal to the Fair Market Value of such shares of Capital Stock as of the
date such employee elects to require the Company to purchase such shares of
Capital Stock.

 

(5)           Death or Disability. If a Company
Person dies or suffers a Disability, such Company Person’s estate or legal
representative, as the case may be, shall have the option to require the
Company to purchase, by notice to the Company within thirty (30) days after the
date of the appointment of the executor or determination of Disability, (x) all
of the shares of Capital Stock then held by such Company Person and (y) any
unexercised vested stock options then held by such Company Person. If the
estate, or legal representative, as the case may be, elects to have the Company
purchase the shares of Capital Stock and stock options, the Company shall,
within ninety (90) days after the date of the appointment of the executor or
determination of Disability, purchase from the estate, or legal representative,
as the case may be, all of the shares of Capital Stock and stock options then
held by such Company Person, in the case of shares of Capital Stock, for an
amount equal to the Fair Market Value of such shares of Capital Stock and, in
the case of stock options, for an amount equal to the excess, if any, of the
Fair Market Value of the shares of Capital Stock subject to such options over
the aggregate exercise price of such options, but not less than $.01 per share,
payable in cash unless the Board determines that payment at such time would
materially adversely affect the Company or its financial condition. If the
Board determines that payment for any shares of Capital Stock purchased at any
closing under this Section 3.1(c)(i)(B)(5) would materially adversely
affect the Company or its financial condition, in the Board’s discretion,
payments may be made hereunder, in three (3) equal annual installments (without
interest) over a three (3) year period with the first installment due one year
after the closing date of the purchase and sale of shares of Capital Stock
under this Section 3.1(c)(i)(B)(5).

 

(6)           Valuation.

 

(x)            Fair
Market Value of any shares of Capital Stock to be purchased hereunder shall be
determined by the Board in good faith, in each case, as of the date of
termination (including as a result of death or Disability if the estate or
legal representative elects to have the Company purchase the shares of Capital
Stock within 30 days after the appointment of the executor or determination of
Disability as provided in Section 3.1(c)(i)(B)(5) above), except as
provided in Section 3.1(c)(i)(B)(4) above.

 

(y)           For
purposes of this Section 3.1(c)(i)(B) only, any matter to be decided by
the Board shall be determined by the vote of a majority of the members of the
Board excluding any Board member whose shares of Capital Stock is subject to
the purchase in connection with which such decision is being made by the Board.

 

12

 

(7)           Closing. The closing
of purchases of shares of Capital Stock from Company Persons, other than
purchases of shares of Capital Stock pursuant to Section 3.1(c)(i)(B)(4)
above, shall take place on the date designated in the notice of exercise by the
Company but not later than thirty (30) days after the date of the notice, or on
the date designated in the notice of exercise by the estate or legal
representative of the Stockholder pursuant to Section 3.1(c)(i)(B)(5)
above but not earlier than thirty (30) days and not later than ninety (90) days
after the date of the notice. The closing of purchases of shares of Capital
Stock pursuant to Section 3.1(c)(i)(B)(4) above shall take place at such
time as set forth in that paragraph. The closing of any purchases of shares of
Capital Stock, including purchases pursuant to Section 3.1(c)(i)(B)(4)
above, shall take place in each case at 10:00 A.M. local time at the principal
offices of the Company, or at such other date, time or place as the parties to
the sale may agree. At the closing, the selling Stockholder shall sell,
transfer and deliver to the Company full right, title and interest in and to
the shares of Capital Stock purchased by the Company, free and clear of all
liens, security interests, adverse claims or restrictions of any kind and nature
(except as otherwise set forth in this Agreement). Simultaneously with such
transfer of title, the Company shall deliver to the selling Stockholder, by
wire transfer of immediately available funds to such bank account as the
selling Stockholder shall designate, the purchase price for the shares of
Capital Stock being purchased, except if the Company elects to defer payment
pursuant to Section 3.1(c)(i)(B)(3)(z) or 3.1(c)(i)(B)(5) above.

 

(8)           Stock Remains Subject to
Agreement. Any shares of Capital Stock that the Company does
not elect to purchase or that the employee (or his or her estate or legal
representative) does not elect to sell shall remain subject to all of the terms
of this Agreement, including, but not limited to, all of the restrictions on Transfer
and rights of “drag along” and “tag along” contained in this Section 3.

 

(9)           The provisions of this Section 3.1(c)(iii)
shall also apply to consultants of the Company who are Stockholders as if they
were employees of the Company and to employees of the U.K. Subsidiary (provided
that references to the employment and cessation of employment with the Company
shall, in the case of such employees, be read as employment and cessation of
employment with the U.K. Subsidiary).

 

(C)           Notwithstanding anything contained
in this Section 3.1(c)(iii) to the contrary, the provisions of this
Section 3.1(c)(iii) shall not apply to the employment or
directorship of Berman.

 

(ii)           Sale after Qualified Public
Offering. Notwithstanding anything to the contrary contained
in this Agreement, in the event of a Qualified Public Offering, any Stockholder
may thereafter sell its shares of Capital Stock in the open market or pursuant
to a registered public offering or otherwise in compliance with all applicable
federal, state and local securities laws but without regard to the restrictions
contained in any section hereto other than this Section 3.1(c)(iv).
Any Stockholder who is a Company Person who holds in excess of one percent (1%)
of the outstanding shares of Capital Stock of the Company (on a fully diluted
basis) may only sell his or her shares of Capital Stock

 

13

 

commencing six (6) months after the date of a Qualified Public Offering
on the terms below. In the event of a Qualified Public Offering, such
Stockholder who is a Company Person may sell up to fifty percent (50%) of his
or her shares of Capital Stock per year thereafter on a cumulative basis; provided,  that in the event of any public offering by the Company
from time to time, at the request of the Chief Executive Officer, any
Stockholder who is a Company Person shall agree to refrain from selling any of
his or her shares of Capital Stock for a period of up to 180 days after such
public offering.

 

(iii)          Right to Transfer. Any
Stockholder who is a natural person may transfer shares of Capital Stock to his
or her spouse or lineal descendants or to any trust of which such spouse or
lineal descendant is a beneficiary and of which such Stockholder is a trustee,
without compliance with the provisions of this Section 3.1(c); provided,
that such Stockholder has previously notified the Company of such transfer in
writing and the transferee agrees in writing to be bound by the terms of this
Agreement by executing an Instrument of Adherence, including, but not limited
to, Section 3.1(c)(iii) if the employment of the transferor is
terminated.

 

(iv)          Termination. The
provisions of this Section 3.1(c) shall terminate upon the completion by
the Company of a Qualified Public Offering; provided, that from and
after the completion of such Qualified Public Offering, all Stockholders shall
have the right to transfer their shares of Capital Stock by way of sales in the
open market or otherwise, as provided in Section 3.1(c)(ii), and Section
3.1(c)(ii) shall continue in effect.

 

(d)           Co-Sale Rights. Except with
respect to Transfers made in accordance with Section 3.1(e) hereof, but
subject to the procedures set forth in Section 3.3 of the Investor Rights
Agreement with respect to Transfers of shares of Capital Stock by the Investors
or a Two Percent Stockholder, if any one or more of the Investors or Two
Percent Stockholders (the “Selling Holder(s)”)
proposes in a single transaction or series of related transactions to Transfer
to a third party that is not a stockholder of the Company, shares of Capital
Stock which, in the aggregate, represents more than fifty percent (50%) of the
shares of Capital Stock of the Company on a fully diluted basis (a “Transaction”), then such Selling Holder(s) shall refrain
from effecting a Transaction unless, prior to the consummation thereof, each
Stockholder and Two Percent Stockholder other than the Selling Holder(s) shall
have been afforded the opportunity to join in such Transfer as hereinafter
provided. Any purported Transfer subject to this Section 3.1(d) not made
in compliance with this Section 3.1(d) shall be void and shall not be
recorded upon the books and records of the Company.

 

(i)            Prior to the consummation of
any Transaction, the Selling Holder(s) shall cause each Person or Persons that
propose to acquire shares of Capital Stock in the Transaction (the “Proposed Purchaser(s)”) to offer (the “Purchase
Offer”) in writing to each other Stockholder and Two Percent
Stockholder to purchase that number of shares of Capital Stock from each such
other Stockholder and Two Percent Stockholder that constitutes the same
percentage of the aggregate shares of Capital Stock held by such other
Stockholder or Two Percent Stockholder as the percentage determined by dividing
the number of shares of Capital Stock to be purchased from the Selling
Holder(s) by the aggregate number of shares of Capital Stock held by the
Selling Holder(s) at the same price per share (on an as converted basis) (the “Joining Price”), and on such other terms

 

14

 

and conditions (the “Joining Terms”),
as the Proposed Purchaser(s) has offered to purchase shares of Capital Stock to
be sold by the Selling Holder(s). Each Stockholder and Two Percent Stockholder
shall have at least 30 days after the receipt of the Purchase Offer in which to
accept the Purchase Offer.

 

(ii)           The provisions of this Section
3.1(d) shall not apply to a sale of shares of Capital Stock in a Qualified
Public Offering. In connection with a Transfer subject to this Section 3.1(d),
the Selling Holder(s) shall notify each Person in such Transfer that is not a
party to this Agreement that such Transfer is subject to this Agreement and
shall ensure that no Transfer is consummated without compliance with this Section
3.1(d) or otherwise with this Agreement.

 

(iii)          The provisions of this Section
3.1(d) shall terminate upon the completion by the Company of a Qualified
Public Offering.

 

(iv)          As a precondition of a
Transfer subject to this Section 3.1(d), the purchaser of such shares
shall become a party to this Agreement by executing and delivering to the
Company an Instrument of Adherence, shall be a “Stockholder,” “Investor” or “Two
Percent Stockholder” under this Agreement, to the extent applicable, shall be
subject to the provisions of this Agreement and such shares shall continue to
be subject to the provisions of this Agreement.

 

(v)           Notwithstanding anything
contained herein to the contrary: (i) nothing in this Section 3.1(d)
shall reduce or otherwise affect the rights and obligations of the Investors
and any Two Percent Stockholder under the Investor Rights Agreement; and (ii) Stockholders and Two Percent Stockholders holding
a majority-in-interest of the outstanding shares of Capital Stock as among all
Stockholders and Two Percent Stockholders in the aggregate shall have the right
to waive the applicability of this Section 3.1(d) to a particular Transfer, which waiver shall
bind all Stockholders and Two Percent Stockholders in relation to such
Transfer.

 

(e)           Drag-Along Rights. With respect to
all Stockholders, the following provisions of this Section 3.1(e) shall
apply:

 

(i)            In the
event that holders of at least 50% of the then issued and outstanding shares of
Common Stock (the “Requisite Parties”)
approve a bona fide written offer that proposes a Change of Control transaction
that is approved by the Board pursuant to Section 2.6(b) of the Investor Rights
Agreement, then each Stockholder shall take
all action necessary or expedient to approve and consummate such transaction
(including the replacement of any Director, if necessary) and shall consent to
and vote its shares of Capital Stock for such Change of Control transaction,
and if such Change of Control transaction is structured as (A) a merger,
consolidation, reorganization or similar business transaction involving the Company or a sale, license,
lease or disposition of all or substantially all of the Company’s assets, each Stockholder shall waive any dissenters’
rights, appraisal rights or similar rights in connection with such merger,
consolidation or sale, license, lease or disposition, or (B) a sale of the
stock of the Company, each Stockholder shall agree to sell its shares of
Capital Stock on the terms and conditions

 

15

 

approved by the Requisite Parties.

 

(ii)           If a
Stockholder fails or refuses to vote or sell its shares of Capital Stock as
required by this Section 3.1(e), then such party hereby irrevocably constitutes and appoints the
Requisite Parties and any representative or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable
power and authority (such power and authority coupled with an interest in the
shares of Capital Stock) in the place and stead of such Stockholder and in the
name of such party or in its own name, for the purpose of carrying out the
terms of this Section 3.1(e), to take any and all appropriate action and to execute any and all
documents and instruments which may be necessary or desirable to accomplish the
purposes of this Section 3.1(e). Such Stockholder hereby ratifies all that said attorneys shall lawfully
do or cause to be done by virtue hereof.

 

(iii)          At the closing of such
Change of Control transaction: (x) if required by the definitive agreements
governing such Change of Control transaction, the Stockholders shall deliver
certificates representing the shares of Capital Stock being sold, duly endorsed
for transfer, and such Capital Stock shall be free and clear of any liens,
encumbrances and adverse claims (other than those arising hereunder and those
attributable to actions by the purchasers thereof) and the Stockholders shall
so represent and warrant, and shall further represent and warrant that they are
the sole beneficial and record owner of such Capital Stock; (y) the purchaser
in such Change of Control transaction or a paying agent (if so provided in the
definitive agreements governing such Change of Control transaction) shall
deliver to the Stockholders payment in full in immediately available funds for
the shares of Capital Stock purchased by it; and (z) the parties to such Change
of Control transaction shall execute such additional documents as are otherwise
necessary or appropriate to effectuate the Change of Control transaction; provided,
however, that, notwithstanding anything to the contrary in this
Agreement, none of the Stockholders shall be obligated to make any
representations, warranties, covenants (other than reasonable covenants
regarding confidentiality, publicity and similar matters) or indemnities with
respect to the business of the Company or any Subsidiary in any document delivered
in connection with such Change of Control transaction, except that to the
extent that the purchaser in such Change of Control transaction requires, as a
condition to such Change of Control transaction, that a portion of the purchase
price paid in such Change of Control transaction be placed in escrow to secure
the Company’s obligations arising from a breach of its representations,
warranties and/or covenants in the definitive agreement governing such Change
of Control transaction, the Stockholders shall participate in such escrow on a
pro rata basis calculated based upon the amount of the purchase price paid to
each such Stockholder, provided that in no event shall any Stockholder’s
indemnification obligations under a Change of Control transaction exceed the
proceeds payable to such Stockholder. Each Stockholder shall receive the same
form and amount of consideration as the Requisite Parties receive in connection
with such Change of Control transaction, except to the extent necessary to
comply with applicable securities laws, in which case, such Stockholder shall
instead receive a cash payment of equal value.

 

(iv)          The provisions of this Section
3.1(e) shall terminate upon the completion

 

16

 

by the Company of a sale by the Company of shares of Common Stock in a
firm commitment underwritten public offering pursuant to a registration
statement under the Securities Act that (1) is at a per share public offering
price (before underwriters’ discounts and expenses) of at least $18.75 (as
adjusted for any stock splits, stock dividends, combinations or other similar
recapitalizations affecting such shares); (2) has aggregate gross proceeds to
Company of at least $75,000,000 and (3) will result in the registration and
trading of the Common Stock on the NASDAQ National Market or the New York Stock
Exchange.

 

(f)            No Transfers to Minors. In no event
shall all or any part of the shares of Capital Stock held by any Stockholder be
Transferred to a minor or an incompetent except in trust or pursuant to the
Uniform Gifts to Minors Act.

 

(g)           Transfers to Family Trusts.

 

(i)            Notwithstanding Section 3.1(c),
3.1(d) or 3.1(e), or any other provision to the contrary
contained in this Agreement, a U.K. Stockholder may, at any time or from time
to time, transfer all or any amount of his or her shares of Capital Stock
(other than any shares of Capital Stock in respect of which the provisions of Section
3.1(c)(iii)(B) have taken effect by virtue of such Stockholder ceasing to
be an employee of the Company or the UK Subsidiary) to trustees to be held in
Family Trusts for the benefit of such Stockholder or his or her Privileged
Relations (a “Permitted UK Transfer”). Subject
to Section 3.1(g)(iv) below, such a transfer or any other Permitted U.K.
Transfer under this Section 3.1(g) shall not trigger the provisions of Section
3.1(d) (Tag-Along Rights) or 3.1(e) (Drag-Along Rights).

 

(ii)           Where shares of Capital
Stock have been issued by the Company directly to trustees of Family Trusts at
the request of an employee of the U.K. Subsidiary who is entitled to receive
such shares of Capital Stock (or otherwise) or where shares are Transferred
under Section 3.1(g)(i) above or under paragraph (A) of this Section 3.1(g)(ii)
to trustees of Family Trusts, the trustees and their successors in office, as the
case may be, may (subject to the provisions of Section 3.1(g)(i))
Transfer all or any of the shares of U.K. Stock:

 

(A)          to the trustee or trustees
of the applicable Family Trust on any change of trustee; and

 

(B)           to the U.K. Stockholder upon
the termination of or pursuant to the terms of the Family Trust concerned or in
consequence of the exercise of any such power or discretion vested in the
trustee thereof.

 

(iii)          If and whenever any trust
holding shares of U.K. Stock ceases to qualify as a Family Trust, the trustee
holding such shares of U.K. Stock shall notify the Board in writing that such
event has occurred and the trustees shall be bound, if and when required in
writing by the Board so to do, to sell such shares of U.K. Stock to the Company
in accordance with Section 3.1(c)(iii) at the price specified in Section
3.1(c)(iii)(B)(6).

 

(iv)          (A)  The provisions of Sections 3.1(c)(iii)(A)
and 3.1(c)(iii)(B) (with

 

17

 

respect to the sale to the Company of shares of Capital Stock by
employees upon termination of employment) shall apply to any Stockholder that
is a Family Trust, where the employee by reference to whom the trust is a
Family Trust ceases to be an employee of the U.K. Subsidiary and the Family
Trust shall be required to sell shares of U.K. Stock on such terms as would
apply if the Family Trust were that employee.

 

(b)  Notwithstanding that
Permitted UK Transfers hereunder shall not trigger the provisions of Sections
3.1(c), 3.1(d) and 3.1(e), any sale or Transfer of shares of
Capital Stock held by a U.K. Stockholder or a Family Trust which sale or
Transfer is not a Permitted UK Transfer shall be subject to all of the
applicable Transfer provisions of this Section 3.

 

(v)           At least thirty (30) days
prior to any Permitted UK Transfer, the U.K. Stockholder shall deliver written
notice to the Company of such Transfer which notice shall include the number of
shares of Capital Stock to be transferred, the identity of the Family Trust and
the trustees and beneficiaries thereof, and the date on which the Transfer is
expected to occur. For the purpose of ensuring that a Transfer of shares of
Capital Stock is a Permitted UK Transfer, the Board may from time to time
require any U.K. Stockholder or any person named as transferee in any Transfer
from a U.K. Stockholder to furnish to the Company such information and evidence
as the Board may require, in its sole discretion, regarding any matter which it
deems relevant to such purpose. Failing such information or evidence being
furnished to the satisfaction of the Board within a reasonable time after such
requirement being made, the Board shall be entitled to refuse to record the
Transfer in question in the books and records of the Company and such transfer
shall be null and void and of no force or effect.

 

3.2           Successors in Interest. The
provisions of this Agreement shall be binding upon the permitted assigns and
successors in interest to any of the Stockholders, Two Percent Stockholders or
Investors, and such permitted assigns and successors in interest shall execute
any documents that the Board may request to evidence such assign’s or successor’s
acceptance of the terms of this Agreement.

 

SECTION 4

 

AMENDMENTS

 

4.1           Amendments. This
Agreement is subject to amendment only upon the affirmative vote of: (i) the
Company, acting through the affirmative vote of at least six of the eight members
of the Board; (ii) the Investors (other than the ABS Ventures Stockholders and
the W Capital Stockholders); and (iii) the Stockholders,
Two Percent Stockholders, W Capital Stockholders and ABS Ventures Stockholders
holding a majority-in-interest of the outstanding shares of Capital Stock as
among all Stockholders, Two Percent Stockholders, W Capital Stockholders and
ABS Ventures Stockholders in the aggregate; provided, however,
that no amendment to this Agreement may:

 

(a)           increase in any material
respect the liabilities or obligations of any party to this Agreement, in each
case, without the affirmative vote of each such party;

 

18

 

(b)           amend any provisions hereof
which require the affirmative vote, consent, action or approval of a specified
percentage in interest of the Stockholders without the affirmative vote of such
specified percentage in interest of the Stockholders; or

 

(c)           amend this Section 4.

 

SECTION 5

 

RECORDS AND REPORTS; ACCOUNTANTS

 

5.1           Reports and Filings to
Stockholders.

 

(a)           The Company will use its
reasonable best efforts to have sent, as soon as available and in any event
within 120 days after the end of each Fiscal Year (subject to reasonable delays
in the event of the late receipt of any necessary financial statements of any
entity in which the Company holds investments), to each Person who was a
Stockholder at any time during the Fiscal Year, an annual report containing
annual consolidated and consolidating financial statements of the Company,
including, without limitation, a balance sheet as of the end of the Fiscal Year
and statements of income, stockholder equity and cash flow for such Fiscal
Year, which will be prepared in accordance with generally accepted accounting
principles, and such consolidated statements shall be reported on by a firm of
independent certified public accountants of recognized international standing.

 

(b)           The provisions of Section
5.1(a) shall terminate upon the consummation by the Company of a Qualified
Public Offering.

 

SECTION 6

 

PUBLIC OFFERING

 

6.1           Each of the Stockholders
hereby covenants and agrees that, in the event that the Board determines that
the Company shall consummate any public offering, such Stockholder shall
cooperate with the Company and take such actions as are reasonably required to
effect such public offering, including, but not limited to, providing any
necessary consents.

 

SECTION 7

 

GENERAL PROVISIONS

 

7.1           Notices.

 

(a)           Except as specifically
provided elsewhere in this Agreement, all notices, requests, consents or other
communications to the Company, to the Board or to any party hereunder shall be
in writing (which shall include a facsimile transmission) and shall be given
(i) if to the Company, at the address of the Company or to the facsimile number
of the Company; (ii) if to a Board member, to such Board member at the address
or facsimile number specified in the records of the Company (or, if no address
or facsimile number is specified therein, to such Board member care of the
Company, at the address or facsimile number of the Company); and (iii) if to

 

19

 

a Stockholder, Two Percent
Stockholder or Investor, at the address or facsimile number set forth on Schedule
A-1, A-2 and A-3; or such other address or facsimile number
as the Company, such Board member or such party may hereafter specify by ten
(10) days advance written (including facsimile) notice to the others.

 

(b)           All notices required or
permitted hereunder shall be deemed effectively given, when delivered to the
address set forth in Section 7.1(a) above: (i) by personal delivery to
the party to be notified; (ii) by confirmed facsimile if sent during normal
business hours of the recipient, if not, then on the next business day; (iii)
five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid; or (iv) one (1) day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt.

 

7.2           Confidentiality. Each
Stockholder agrees that such Stockholder shall keep confidential, and shall not
disclose to any third Person or use for its own benefit, without the consent of
the Board, any information with respect to the Company that is disclosed to
such Stockholder by or on behalf of the Company, or any of its Affiliates; provided
that a Stockholder may disclose any such information (a) as has become
generally available to the public, (b) as may be required in response to any
summons or subpoena or in connection with any litigation, (c) to the extent
necessary in order to comply with any law, order, regulation or ruling
applicable to such Stockholder, (d) to its employees and professional advisers,
that it has obtained in good faith from a third party without knowledge of any
breach of a secrecy arrangement and (e) that is disclosed to a proposed
transferee in connection with a bona fide offer to purchase shares of Capital
Stock of the Company provided the proposed transferor obtains an
undertaking from the proposed transferee to keep such information confidential
in accordance with the provisions of this Section 7.2 prior to such
disclosure.

 

7.3           Entire Agreement. This
Agreement (including the schedules attached hereto), together with any other
written agreement between or among any Stockholder, Two Percent Stockholder,
Investor and the Company including, without limitation, the Investor Rights
Agreement, shall constitute the entire agreement and understanding among the
parties hereto with respect to the subject matter hereof and shall supersede
any prior understanding or agreement, oral or written, with respect thereto,
including, but not limited to, the Amended Agreement. In addition, (a) each
party to this Agreement who, immediately prior to the date hereof, was a party
to that certain Registration Rights Agreement, dated as of July 25, 2001, among
the Investors (as defined therein), the Existing Stockholders (as defined
therein) and The Proxy Monitor, Inc., hereby agrees to amend such Registration
Rights Agreement to effect the termination thereof and, in any event, to waive
all of such party’s rights under such Registration Rights Agreement, and (b)
each party to this Agreement who, immediately prior to the date hereof, was a
party to that certain Stockholders Agreement, dated as of July 25, 2001, among
the Institutional Investors (as defined therein), the Management Investors (as
defined therein), the Existing Stockholders (as defined therein) and The Proxy
Monitor, Inc., hereby agrees to terminate such Stockholders Agreement pursuant
to Section 4(b) thereof.

 

7.4           Binding Effect. Subject to
the limitations set forth in Section 7.12, this Agreement and all of the
terms and provisions hereof shall be binding upon, and shall inure to the benefit
of, the parties hereto and their respective legal representatives, heirs,
successors and

 

20

 

permitted assigns.

 

7.5           Severability. If any
provision of this Agreement, or the application of such provision to any Person
or circumstance or in any jurisdiction, shall be held to be invalid or
unenforceable to any extent, (a) the remainder of this Agreement shall not be
affected thereby, and each other provision hereof shall be valid and
enforceable to the fullest extent permitted by law, (b) as to such Person
or circumstance or in such jurisdiction such provision shall be reformed to be
valid and enforceable to the fullest extent permitted by law, and (c) the
application of such provision to other Persons or circumstances or in other
jurisdictions shall not be affected thereby. Any default hereunder by a Person
shall not excuse a default by any other Person. Without limiting the generality
of the foregoing, if a court of competent jurisdiction determines that this
Agreement has been improperly executed (and that the Amended Agreement has been
improperly amended) in contravention of Section 6 of the Amended Agreement, then
the portions of this Agreement which were so improperly executed (i.e., the
portions of the Amended Agreement which were so improperly amended) shall be
deemed to revert back to the relevant provision in the Amended Agreement, and
this Agreement will be construed to give effect to the provisions of this
Agreement to the maximum extent permissible under the circumstances provided
that upon the occurrence of a court’s determination as set forth above, this
Agreement will remain in full force and effect in accordance with its terms, as
so modified.

 

7.6           Waiver. Neither the
failure nor delay on the part of any party hereto to exercise any right,
remedy, power or privilege under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, remedy, power
or privilege preclude any other or further exercise of the same or of any other
right, remedy, power or privilege, nor shall any waiver of any right, remedy,
power or privilege with respect to any occurrence be construed as a waiver of
such right, remedy, power or privilege with respect to any other occurrence. No
waiver shall be effective unless it is in writing and is signed by: (a) the
Company, acting through the affirmative vote of at least six of the eight members
of the Board; (b) the Investors (other than the ABS Ventures Stockholders and W
Capital Stockholders); and (c) the Stockholders,
Two Percent Stockholders, W Capital Stockholders and ABS Ventures Stockholders
holding a majority-in-interest of the outstanding shares of Capital Stock as
among all Stockholders, Two Percent Stockholders, W Capital Stockholders and
ABS Ventures Stockholders in the aggregate.

 

7.7           Governing Law. This
Agreement, and all rights, remedies and obligations of the parties hereunder,
shall be governed by and construed in accordance with the laws of the State of
Delaware without regard to principles of conflict of laws.

 

7.8           Judicial Proceedings. In any judicial
proceeding involving any dispute, controversy or claim arising out of or
relating to this Agreement or the Company or its operations, each of the
parties (except for any Stockholder that constitutes a sovereign entity that is
a State of the United States or a political subdivision thereof)
unconditionally accepts the non-exclusive jurisdiction and venue of any United
States District Court located in the State of Delaware, or of the Court of
Chancery of the State of Delaware, and the appellate courts to which orders and
judgments thereof may be appealed. In any such judicial proceeding, the parties
agree that in addition to any method for the service of process permitted or
required by such courts, to the fullest extent permitted by law, service of
process may be made by prepaid certified mail with a proof of mailing receipt
validated by the United States Postal Service constituting evidence of

 

21

 

valid service. EACH OF THE
PARTIES HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY
DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
RELATING TO THE COMPANY OR ITS OPERATIONS.

 

7.9           Table of Contents, Headings and
Captions. The table of contents, headings, subheadings and
captions contained in this Agreement are included for convenience of reference
only, and in no way define, limit or describe the scope of this Agreement or
the intent of any provision hereof.

 

7.10         Counterparts. This
Agreement and any amendment hereto may be signed in any number of counterparts,
each of which shall be deemed an original, but all of which taken together
shall constitute one agreement (or amendment, as applicable).

 

7.11         Assignment of Rights; Binding
Effect.

 

(a)           The rights and obligations
of the parties under this Agreement may not be assigned or otherwise
Transferred (whether voluntarily or involuntarily, by operation of law or
otherwise) to any other Person, except in connection with a Transfer of shares
of Capital Stock made in compliance with the provisions of this Agreement and,
with respect to the Investors and the Two Percent Stockholders, the Investor
Rights Agreement or, in the case of the Company, to its successor or assign; provided
that in connection with any Transfer of shares of Capital Stock by a party hereto,
as a condition to such Transfer, such party shall cause the transferee to
become a party to this Agreement and execute an Instrument of Adherence, to the
same extent the transferor is so bound hereunder with respect to such shares of
Capital Stock.

 

(b)           Neither this Agreement nor
any provision hereof is intended to confer upon any Person other than the
parties hereto any rights or remedies hereunder.

 

7.12         Duration of Agreement.

 

(a)           The obligations of each
party hereunder shall remain binding upon such party until such time as: (i)
this Agreement has been terminated pursuant to subsection (b); or (ii) as to a
Stockholder, Two Percent Stockholder or Investor, when such Stockholder, Two
Percent Stockholder or Investor has transferred all shares of Capital Stock
owned by such party.

 

(b)           Except as otherwise
expressly provided herein, this Agreement shall terminate and all rights and
obligations hereunder shall cease, upon the first to occur of: (A) the closing
of the Qualified Public Offering; (B) the written agreement of each of the
parties hereto who still owns shares of Capital Stock to such termination; and
(C) if all holders of shares of Capital Stock transfer to a third party
pursuant to Section 3.1(e) hereof.

 

7.13         Enforcement. Each party
acknowledges that irreparable damage would occur to the other parties hereto in
the event that any of the provisions of this Agreement were not performed by
such party in accordance with their specific terms or were otherwise breached
by such party and that money damages would not provide an adequate remedy to
the non-breaching parties. It is accordingly agreed that the non-breaching
parties hereto shall be entitled to seek an injunction and other equitable
remedies to prevent breaches by the breaching party of this

 

22

 

Agreement and to enforce
specifically the terms and provisions hereof in any court specified pursuant to
Section 7.9 hereof, this being in addition to any other remedy to which
such non-breaching parties may be entitled at law or in equity or otherwise.

 

7.14         Interpretation and Construction. This Agreement
has been negotiated by the respective parties hereto and their legal counsel
and the language hereof will not be construed for or against any party. Where a
reference in this Agreement is made to a Section or Schedule such reference
shall be to a Section of or Schedule to this Agreement unless otherwise
indicated. Where the reference “hereof,” “hereby” or “herein” appears in this
Agreement, such reference shall be deemed to be a reference to this Agreement
as a whole. Whenever the words “include,” “includes” or “including” are used in
this Agreement, they shall be deemed to be followed by the words “without
limitation.”  Words denoting the singular
include the plural, and vice versa, and references to it or its or words
denoting any gender shall include all genders. References to “$” or “dollars”
mean U.S. dollars unless otherwise specified.

 

7.15         Additional
Parties. Except as otherwise
determined by the Board, the Company shall take all necessary action to ensure
that each Person (other than a Person serving as a Director who is an Investor
Designee) who shall after the date hereof acquire shares of Capital Stock,
including by way of the exercise of options granted under the Option Plans,
shall become a party to this Agreement by executing and delivering to the
Company an Instrument of Adherence, and such additional party shall thereafter
be added to the Schedules hereto, without the consent of the other parties
hereto. The foregoing notwithstanding: (a) if and when any Stockholder shall
become a Two Percent Stockholder, such Stockholder shall automatically, without
any further action on the part of the Company or the other parties hereto,
become a Two Percent Stockholder and shall become a party to the Investor
Rights Agreement by signing an Instrument of Adherence thereto; and (b) if and
to the extent any Two Percent Stockholder shall thereafter cease to be a Two
Percent Stockholder by reason of such Person’s percentage ownership interest in
the Company on a fully diluted basis falling below two percent (2%), such
Person shall automatically, without any further action on the part of the
Company or the other parties hereto, become a Stockholder hereunder. The
Company shall update the Schedules attached to this Agreement to reflect the
changes contemplated by this Section 7.15 and permissible Transfers
under this Agreement which updates shall not be considered amendments under
this Agreement.

 

[SIGNATURE PAGES FOLLOW]

 

23

 

COUNTERPART
SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

	
   

  	
  RISKMETRICS
  GROUP, INC.

  
	
   

  	
  (f/k/a
  RMG Holdco, Inc.)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ethan
  Berman

  	
   

  
	
   

  	
  Name:

  	
  Ethan Berman

  
	
   

  	
  Title:

  	
  Chief
  Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RISKMETRICS
  SOLUTIONS, INC.

  
	
   

  	
  (f/k/a
  RiskMetrics Group, Inc.)

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marc
  Ethan Berman

  	
   

  
	
   

  	
  Name:

  	
  Marc Ethan
  Berman

  
	
   

  	
  Title:

  	
  President

  
					

 

Signature page to Amended and Restated Stockholders Agreement

 

 

 

	
   

  	
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE
  DONNA FEENEY LIFE INTEREST TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  IMAGEMEXICO
  LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ethan
  Berman

  
	
   

  	
   

  	
  Ethan Berman

  
	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin
  Spencer

  
	
   

  	
   

  	
  Martin
  Spencer

  
	
   

  	
   

  	
  Director/Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE
  DAVID FLETCHER LIFE INTEREST

  
	
   

  	
  TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  IMAGEMEXICO
  LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ethan
  Berman

  
	
   

  	
   

  	
  Ethan Berman

  
	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin
  Spencer

  
	
   

  	
   

  	
  Martin
  Spencer

  
	
   

  	
   

  	
  Director/Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
  THE ROBERT
  FRASER LIFE INTEREST TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  IMAGEMEXICO
  LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ethan
  Berman

  
	
   

  	
   

  	
  Ethan Berman

  
	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin
  Spencer

  
	
   

  	
   

  	
  Martin
  Spencer

  
	
   

  	
   

  	
  Director/Secretary

  

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

	
   

  	
  THE
  MANUEL L. RENSINK LIFE INTEREST

  
	
   

  	
  TRUST

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  IMAGEMEXICO
  LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ethan Berman

  	
   

  
	
   

  	
   

  	
  Ethan Berman

  
	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin
  Spencer

  	
   

  
	
   

  	
   

  	
  Martin
  Spencer

  
	
   

  	
   

  	
  Director/Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
  THE
  MARTIN SPENCER LIFE INTEREST

  
	
   

  	
  TRUST

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  IMAGEMEXICO
  LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ethan Berman

  	
   

  
	
   

  	
   

  	
  Ethan Berman

  
	
   

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Martin
  Spencer

  	
   

  
	
   

  	
   

  	
  Martin
  Spencer

  
	
   

  	
   

  	
  Director/Secretary

  
						

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

COUNTERPART
SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

	
   

  	
  TWO PERCENT STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marc
  Ethan Berman

  
	
   

  	
  Name:  Marc
  Ethan Berman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BRITEL
  FUND NOMINEES LIMITED.

  
	
   

  	
  c/o Hermes USA Investors Venture,  L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Burrowes

  
	
   

  	
  Name:  David Burrowes

  
	
   

  	
  Title:  Authorized Signatory

  
				

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

COUNTERPART
SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

 

	
   

  	
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
  SPECTRUM
  EQUITY INVESTORS IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Spectrum
  Equity Associates IV, L.P.,

  
	
   

  	
   

  	
  Its General
  Partner

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ William
  P. Collatos

  
	
   

  	
   

  	
  Name:

  	
  William P.
  Collatos

  
	
   

  	
   

  	
  Its:

  	
  General
  Counsel

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SPECTRUM
  EQUITY INVESTORS PARALLEL IV, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Spectrum
  Equity Associates IV, L.P.,

  
	
   

  	
   

  	
  Its General
  Partner

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ William
  P. Collatos

  
	
   

  	
   

  	
  Name:

  	
  William P.
  Collatos

  
	
   

  	
   

  	
  Its:

  	
  General
  Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SPECTRUM
  IV INVESTMENT MANAGERS’ FUND, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William
  P. Collatos

  
	
   

  	
  Name:

  	
  William P.
  Collatos

  
	
   

  	
  Its:

  	
   

  

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

COUNTERPART SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

	
   

  	
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TCV V,
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Technology
  Crossover Management V, L.L.C.,

  
	
   

  	
   

  	
  Its General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Robert
  C. Bensky

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert C.
  Bensky

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Attorney in Fact

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TCV
  MEMBER FUND, L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Technology
  Crossover Management V, L.L.C.,

  
	
   

  	
   

  	
  Its General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Robert
  C. Bensky

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Robert C.
  Bensky

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Attorney in Fact

  	
   

  

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

COUNTERPART SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

	
   

  	
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
  GENERAL ATLANTIC PARTNERS 78,
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  General Atlantic Partners,
  LLC,

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven
  A. Denning

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Steven A.
  Denning

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Chairman

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GAPSTAR, LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  General Atlantic Partners,
  LLC,

  
	
   

  	
   

  	
  Its Sole Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven
  A. Denning

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Steven A.
  Denning

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Chairman

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GAP COINVESTMENTS III, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven
  A. Denning

  	
   

  
	
   

  	
  Name:

  	
  Steven A.
  Denning

  	
   

  
	
   

  	
  Its:

  	
  A Managing
  Member

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GAP COINVESTMENTS IV, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven
  A. Denning

  	
   

  
	
   

  	
  Name:

  	
  Steven A.
  Denning

  	
   

  
	
   

  	
  Its:

  	
  A Managing
  Member

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GAPCO GMBH & CO. KG

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  GAPCO Management GmbH,

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven
  A. Denning

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Steven A.
  Denning

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Managing Director

  	
   

  
									

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

COUNTERPART
SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

	
   

  	
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ABS
  VENTURES VIII L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Zolo LLC,

  
	
   

  	
   

  	
  Its General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ R.
  William Burgess, Jr.

  	
   

  
	
   

  	
   

  	
  Name:

  	
  R. William
  Burgess, Jr.

  	
   

  
	
   

  	
   

  	
  Its:

  	
  Senior
  Manager

  	
   

  

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

COUNTERPART
SIGNATURE PAGE

 

IN WITNESS WHEREOF, each party hereto has
caused this Agreement to be signed by it or its duly authorized officer,
partner, member or manager, as the case may be, as of the date and year first
above written.

 

	
   

  	
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  W CAPITAL PARTNERS, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  WCP 2003, LLC,

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen
  Wertheimer

  
	
   

  	
   

  	
  Name:

  	
  Stephen
  Wertheimer

  
	
   

  	
   

  	
  Its:

  	
  Managing Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  W CAPITAL PARTNERS 2003,
  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  WCP-I, LLC,

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen
  Wertheimer

  
	
   

  	
   

  	
  Name:

  	
  Stephen
  Wertheimer

  
	
   

  	
   

  	
  Its:

  	
  Managing Member

  
					

 

Signature page to Second Amended and Restated Stockholders Agreement

 

 

 

COUNTERPART SIGNATURE PAGE

 

IN WITNESS
WHEREOF, each party hereto has caused this Agreement to be signed by it or its
duly authorized officer, partner, member or manager, as the case may be, as of
the date and year first above written.

 

	
   

  	
  STOCKHOLDERS

  
	
   

  	
   

  
	
   

  	
  /s/ Rosemary
  Arthur

  
	
   

  	
  Rosemary
  Arthur

  
	
   

  	
   

  
	
   

  	
  /s/ Peter
  Benson

  
	
   

  	
  Peter Benson

  
	
   

  	
   

  
	
   

  	
  /s/ Oleg
  Berfirer

  
	
   

  	
  Oleg
  Berfirer

  
	
   

  	
   

  
	
   

  	
  /s/ August
  Binder

  
	
   

  	
  August
  Binder

  
	
   

  	
   

  
	
   

  	
  /s/ Thomas
  A. Burns

  
	
   

  	
  Thomas A.
  Burns

  
	
   

  	
   

  
	
   

  	
  /s/ Hunter
  Cadzow

  
	
   

  	
  Hunter
  Cadzow

  
	
   

  	
   

  
	
   

  	
  /s/ Thomas
  H. Clough

  
	
   

  	
  Thomas
  H.Clough

  
	
   

  	
   

  
	
   

  	
  /s/ Rob
  Dinning

  
	
   

  	
  Rob Dinning

  
	
   

  	
   

  
	
   

  	
  /s/ Gregory
  Elmiger

  
	
   

  	
  Gregory
  Elmiger

  
	
   

  	
   

  
	
   

  	
  /s/ Christopher
  C. Finger

  
	
   

  	
  Christopher
  C. Finger

  
	
   

  	
   

  
	
   

  	
  /s/ Adrienne
  Foley

  
	
   

  	
  Adrienne
  Foley

  
	
   

  	
   

  
	
   

  	
  /s/ Beth
  Gaspich

  
	
   

  	
  Beth Gaspich

  

 

 

	
   

  	
  /s/ Stephen
  Gorin

  
	
   

  	
  Stephen
  Gorin

  
	
   

  	
   

  
	
   

  	
  /s/ Michael
  Greten

  
	
   

  	
  Michael
  Greten

  
	
   

  	
   

  
	
   

  	
  /s/ Eileen
  B. Hahn

  
	
   

  	
  Eileen B.
  Hahn

  
	
   

  	
   

  
	
   

  	
  /s/ Stephen
  Harvey

  
	
   

  	
  Stephen
  Harvey

  
	
   

  	
   

  
	
   

  	
  /s/ James
  Howe

  
	
   

  	
  James Howe

  
	
   

  	
   

  
	
   

  	
  /s/ Jocelyn
  E. Jacknis

  
	
   

  	
  Jocelyn E.
  Jacknis

  
	
   

  	
   

  
	
   

  	
  /s/ PhilipJ.
  Jacob

  
	
   

  	
  PhilipJ.
  Jacob

  
	
   

  	
   

  
	
   

  	
  /s/ Chithra
  Krishnamurthi

  
	
   

  	
  Chithra
  Krishnamurthi

  
	
   

  	
   

  
	
   

  	
  /s/ Alan
  Laubsch

  
	
   

  	
  Alan Laubsch

  
	
   

  	
   

  
	
   

  	
  /s/ Malin
  Hedlund

  
	
   

  	
  Malin
  Hedlund

  
	
   

  	
   

  
	
   

  	
  /s/ Alvin Y.
  Lee

  
	
   

  	
  Alvin Y. Lee

  
	
   

  	
   

  
	
   

  	
  /s/ Ruben
  Maldonado

  
	
   

  	
  Ruben
  Maldonado

  
	
   

  	
   

  
	
   

  	
  /s/ Michael
  J. McCarthy

  
	
   

  	
  Michael J.
  McCarthy

  
	
   

  	
   

  
	
   

  	
  /s/ Collin
  McClain

  
	
   

  	
  Collin
  McClain

  
	
   

  	
   

  
	
   

  	
  /s/ Jason
  Mirsky

  
	
   

  	
  Jason Mirsky

  

 

 

	
   

  	
  /s/ Pradeep
  Menon

  
	
   

  	
  Pradeep
  Menon

  
	
   

  	
   

  
	
   

  	
  /s/ Trina C.
  Muehring

  
	
   

  	
  Trina C.
  Muehring

  
	
   

  	
   

  
	
   

  	
  /s/ Martin
  Nemeth

  
	
   

  	
  Martin
  Nemeth

  
	
   

  	
   

  
	
   

  	
  /s/ Ken
  Parker

  
	
   

  	
  Ken Parker

  
	
   

  	
   

  
	
   

  	
  /s/ Eric M.
  Presser

  
	
   

  	
  Eric M.
  Presser

  
	
   

  	
   

  
	
   

  	
  /s/ James
  Robb

  
	
   

  	
  James Robb

  
	
   

  	
   

  
	
   

  	
  /s/ Paul
  Schmitter

  
	
   

  	
  Paul
  Schmitter

  
	
   

  	
   

  
	
   

  	
  /s/ Thomas
  Ta

  
	
   

  	
  Thomas Ta

  
	
   

  	
   

  
	
   

  	
  /s/ Mohon
  Vema

  
	
   

  	
  Mohon Vema

  
	
   

  	
   

  
	
   

  	
  /s/ Jingping
  Wang

  
	
   

  	
  Jingping
  Wang

  
	
   

  	
   

  
	
   

  	
  /s/ Gavin
  Watson

  
	
   

  	
  Gavin Watson

  
	
   

  	
   

  
	
   

  	
  Gavin W.
  Watson Family Trust

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Denis E.
  Loncto

  
	
   

  	
   

  	
  Denis E.
  Loncto

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
  /s/ Chanoine
  Webb

  
	
   

  	
  Chanoine
  Webb

  

 

 

	
   

  	
  ABS
  Ventures VIII L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Zolo LLC,
  its General Partner

  
	
   

  	
  By:

  	
  Calvert Caymans
  I L.L.C., its

  
	
   

  	
   

  	
  managing
  member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ R.
  William Burgess Jr.

  
	
   

  	
   

  	
  R. William
  Burgess Jr.

  
	
   

  	
  Title:

  	
   Senior Manager

  
	
   

  	
   

  
	
   

  	
  Ariana
  S. F. Gregg Trust 1991

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
   

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
  Barbara
  Lynn Allison GST Trust

  
	
   

  	
  1990

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dwight
  L. Allison III

  
	
   

  	
   

  	
  Dwight L.
  Allison III

  
	
   

  	
   

  	
  Trustee

  
	
   

  	
   

  
	
   

  	
  /s/ Andrew
  P. Barowsky

  
	
   

  	
  Andrew P.
  Barowsky

  
	
   

  	
   

  
	
   

  	
  /s/ Sandy
  P.M. Bowers

  
	
   

  	
  Sandy P.M.
  Bowers

  
	
   

  	
   

  
	
   

  	
  Bryan S.
  Monks Revocable TF

  
	
   

  	
  1998

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
   

  
	
   

  	
  CM
  Opportunity Fund LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert
  Davidoff

  
	
   

  	
   

  	
  Robert
  Davidoff

  
	
   

  	
  Title:

  	
  Managing
  Member

  

 

 

	
   

  	
  CMNY
  Capital II, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert
  Davidoff

  
	
   

  	
   

  	
  Robert
  Davidoff

  
	
   

  	
  Title:

  	
  General
  Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Richard
  L. Cohen

  
	
   

  	
  Richard L.
  Cohen

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Anne
  Childs Collins

  
	
   

  	
  Anne Childs
  Collins

  
	
   

  	
   

  	
   

  
	
   

  	
  Polly
  Danziger Family Investments

  
	
   

  	
  L.L.C.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael
  Danziger

  
	
   

  	
   

  	
  Michael
  Danziger

  
	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Richard
  Dorfman

  
	
   

  	
  Richard
  Dorfman

  
	
   

  	
   

  	
   

  
	
   

  	
  Dwight
  L. Allison III GST Trust

  
	
   

  	
  1990

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dwight
  L. Allison III

  
	
   

  	
   

  	
  Dwight L.
  Allison III

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  Dwight
  L. Allison III Annual Gift Trust 1998

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dwight
  L. Allison III

  
	
   

  	
   

  	
  Dwight L.
  Allison III

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  Ellen M.
  Higgins Trust 1996

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ David
  Forman

  
	
   

  	
  David Forman

  
				

 

 

	
   

  	
  George
  G. Herrick Trust 1991

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ James E.
  Heard

  
	
   

  	
  James E.
  Heard

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Nicholas
  H.S Higgins

  
	
   

  	
  Nicholas H.S
  Higgins

  
	
   

  	
   

  	
   

  
	
   

  	
  Felpe
  F.E. Higgins

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Nicholas
  H.S. Higgins

  
	
   

  	
   

  	
  Nicholas
  H.S. Higgins

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  J.
  Nicholas Kearns Trust 1993

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  Jane S.
  Allison Trust 1998

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dwight
  L. Allison III

  
	
   

  	
   

  	
  Dwight L.
  Allison III

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ David
  Lakari

  
	
   

  	
  David Lakari

  
	
   

  	
   

  	
   

  
	
   

  	
  Lauri A.
  Dixon GST Trust 1990

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dwight
  L. Allison III

  
	
   

  	
   

  	
  Dwight L.
  Allison III

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Donald
  A. Leeber

  
	
   

  	
  Donald
  A.Leeber

  
				

 

 

	
   

  	
  /s/ William
  M. Mackenzie

  
	
   

  	
  William M.
  Mackenie

  
	
   

  	
   

  	
   

  
	
   

  	
  Mathew
  C. Allison Gift Trust 1998

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dwight
  L. Allison III

  
	
   

  	
   

  	
  Dwight L.
  Allison III

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/
  Catherine McCall

  
	
   

  	
  Catherine
  McCall

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Barbara
  P. Monks

  
	
   

  	
  Barbara P.
  Monks

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ George
  G. Monks

  
	
   

  	
  George G.
  Monks

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Robert
  C.A. Monks

  
	
   

  	
  Robert C.A.
  Monks

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ William
  F. K. Monks

  
	
   

  	
  William F.K.
  Monks

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Peter L.
  Murray

  
	
   

  	
  Peter L.
  Murray

  
	
   

  	
   

  	
   

  
	
   

  	
  Ram
  Capital LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
  Title:

  	
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ John J.
  Riley III

  
	
   

  	
  John J.
  Riley III

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Michael
  Schield

  
	
   

  	
  Michael
  Schield

  
				

 

 

	
   

  	
  SBA,
  Receiver for Sterling/Carl Marks Capital, Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas G.
  Morris

  
	
   

  	
   

  	
  Thomas G.
  Morris

  
	
   

  	
  Title:

  	
  Director,
  o/l, SBA

  
	
   

  	
   

  	
   

  
	
   

  	
  Tatiana
  P. Fischer Intervivos Revocable Trust

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John
  P.M. Higgins

  
	
   

  	
   

  	
  John P.M.
  Higgins

  
	
   

  	
  Title:

  	
  Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  FAPCE
  sprl

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Jean-Nicolas Caprasse

  
	
   

  	
   

  	
  Jean-Nicolas
  Caprasse

  
	
   

  	
  Title: 

  	
  Gerant

  
	
   

  	
   

  	
   

  
	
   

  	
  Britel
  Fund Nominees Limtied

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David
  Burrones

  
	
   

  	
   

  	
  David
  Burrones

  
	
   

  	
  Title:

  	
  Authorized
  Signatory

  

 

 

ANNEX I

 

RISKMETRICS GROUP, INC.

 

Instrument of Adherence

 

The undersigned,                                                ,
in order to become the owner or holder of                
shares of the Common Stock of RiskMetrics Group, Inc., a Delaware corporation
(the “Company”), hereby agrees to become a
party to that certain Second Amended and Restated Stockholders Agreement, dated
as of January 11, 2007 (as the same may be amended from time to time in
accordance with its terms, the “Agreement”),
among the Company, the Stockholders (as defined therein), the Investors (as
defined therein) and the Two Percent Stockholders (as defined therein), and to
be bound by all provisions thereof. The undersigned agrees to become [check
which applies]

 

[    ]         a Stockholder;

 

[    ]         an Investor; or

 

[    ]         a Two Percent Stockholder;

 

under
the terms of the Agreement. This Instrument of Adherence shall take effect and
shall become a part of said Agreement immediately upon execution by the
undersigned hereto and acceptance thereof by the Company.

 

Executed
as of the date set forth below:

 

	
  Signature:

  	
   

  	
   

  	
  ACCEPTED:

  
	
  Name:

  	
   

  	
   

  	
  RISKMETRICS GROUP, INC.

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  
	
  Address:

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Social
  Security No.:

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Date:

  	
   

  
												

 

 

 

SCHEDULE A-1

 

Schedule
of Stockholders

 

	
  Name and Address

  	
   

  	
  No. of Shares of Common Stock

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Ariana S.F. Gregg Trust 1991

  	
   

  	
  1,364

  	
   

  
	
  c/o John P. Higgins, Trust

  	
   

  	
   

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Rosemary Arthur

  	
   

  	
  1,147

  	
   

  
	
  1180 East 52nd Street

  	
   

  	
   

  	
   

  
	
  Brooklyn, NY 11234

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Barbara Lynn Allison GST Trust 1990

  	
   

  	
  1,269

  	
   

  
	
  24 Goss Road

  	
   

  	
   

  	
   

  
	
  North Hampton, NH 03862

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Andrew P. Barowsky

  	
   

  	
  5,840

  	
   

  
	
  c/o Lepage Bakeries

  	
   

  	
   

  	
   

  
	
  County Kitchen Plaza

  	
   

  	
   

  	
   

  
	
  P.O. Box 1900

  	
   

  	
   

  	
   

  
	
  Auburn, ME 04211

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Peter S. Benson

  	
   

  	
  20,000

  	
   

  
	
  1707 Shadford Road

  	
   

  	
   

  	
   

  
	
  Ann Arbor, MI 48104

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Oleg Berfirer

  	
   

  	
  200

  	
   

  
	
  9 Murdock Court, #2J

  	
   

  	
   

  	
   

  
	
  Brooklyn, NY 11223

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Peter J. Bernard

  	
   

  	
  250,000

  	
   

  
	
  42 Washington Street

  	
   

  	
   

  	
   

  
	
  Sherburn, MA 01770

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Augustina Binder

  	
   

  	
  250

  	
   

  
	
  1009 Wade Avenue

  	
   

  	
   

  	
   

  
	
  Apt. 542

  	
   

  	
   

  	
   

  
	
  Raleigh, NC 27605

  	
   

  	
   

  	
   

  

 

 

	
  Sandy P.M. Bowers

  	
   

  	
  1,384

  	
   

  
	
  Ram Trust Services, Inc.

  	
   

  	
   

  	
   

  
	
  Attn: Michael Wood

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, Maine 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Bryan S. Monks Revocable Trust 1998

  	
   

  	
  1,384

  	
   

  
	
  c/o John P. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Thomas A. Burns

  	
   

  	
  1,000

  	
   

  
	
  92 Colony Drive

  	
   

  	
   

  	
   

  
	
  Saline, MI 48176

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  James Hunter Cadzow

  	
   

  	
  400

  	
   

  
	
  3905 Mayfair Drive

  	
   

  	
   

  	
   

  
	
  Norman, OK 73072

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jean-Nicolas Caprasse

  	
   

  	
  2,107

  	
   

  
	
  FAPCE SPRL

  	
   

  	
   

  	
   

  
	
  Avenue Saint Dominique 9

  	
   

  	
   

  	
   

  
	
  1950 Kraainem, Belgium

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Thomas H. Clough

  	
   

  	
  2,375

  	
   

  
	
  43 Jane Street, Apt. 3 FW

  	
   

  	
   

  	
   

  
	
  New York, NY 10014

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  CM Opportunity Fund LLC Total

  	
   

  	
  21,319

  	
   

  
	
  c/o Debra Glickman

  	
   

  	
   

  	
   

  
	
  900 Third Avenue, 33rd Floor

  	
   

  	
   

  	
   

  
	
  New York, NY 10022

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  CMNY Capital II, L.P.

  	
   

  	
  23,101

  	
   

  
	
  c/o Debra Glickman

  	
   

  	
   

  	
   

  
	
  900 Third Avenue, 33rd Floor

  	
   

  	
   

  	
   

  
	
  New York, NY 10022

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Richard L. Cohen

  	
   

  	
  7,300

  	
   

  
	
  5600 Wisconsin Avenue, #1309

  	
   

  	
   

  	
   

  
	
  Chevy Chase, MD 20815

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Anne Childs Collins

  	
   

  	
  2,091

  	
   

  
	
  Ram Trust Services, Inc.

  	
   

  	
   

  	
   

  
	
  Attn: Michael Wood

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, Maine 04101

  	
   

  	
   

  	
   

  

 

 

	
  Robin Scott Dinning

  	
   

  	
  15,000

  	
   

  
	
  255 West 94th Street

  	
   

  	
   

  	
   

  
	
  Apt. 7G

  	
   

  	
   

  	
   

  
	
  New York, NY 10005

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Richard Dorfman

  	
   

  	
  2,471

  	
   

  
	
  Richard Alan Inc.

  	
   

  	
   

  	
   

  
	
  410 Park Avenue, 15th Floor

  	
   

  	
   

  	
   

  
	
  New York, NY 10022

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Lori Dunbar

  	
   

  	
  938

  	
   

  
	
  18 Marjorie Drive

  	
   

  	
   

  	
   

  
	
  Toms River, NJ 08755

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Dwight L. Allison III GST Trust 1990

  	
   

  	
  1,269

  	
   

  
	
  24 Goss Road

  	
   

  	
   

  	
   

  
	
  North Hampton, NH 03862

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Dwight L. Allison IV Annual Gift Trust 1998

  	
   

  	
  4,349

  	
   

  
	
  24 Goss Road

  	
   

  	
   

  	
   

  
	
  North Hampton, NH 03862

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Ellen M. Higgins Trust 1996

  	
   

  	
  961

  	
   

  
	
  c/o John P. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  Ram Trust Services

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Gregory Elminger

  	
   

  	
  25,000

  	
   

  
	
  43 Greentree Terrace

  	
   

  	
   

  	
   

  
	
  Lincroft, NJ 07738

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ImageMexico Limited, as trustee for

  	
   

  	
  2,000

  	
   

  
	
  The Donna Feeney Life Interest Trust

  	
   

  	
   

  	
   

  
	
  St. Bartholomew House

  	
   

  	
   

  	
   

  
	
  92 Fleet Street

  	
   

  	
   

  	
   

  
	
  London EC4Y 1DG

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Christopher C. Finger

  	
   

  	
  40,000

  	
   

  
	
  160 Bond Street

  	
   

  	
   

  	
   

  
	
  Brooklyn, NY 11217

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ImageMexico Limited, as trustee for

  	
   

  	
  18,400

  	
   

  
	
  The David Fletcher Life Interest Trust

  	
   

  	
   

  	
   

  
	
  St. Bartholomew House

  	
   

  	
   

  	
   

  
	
  92 Fleet Street

  	
   

  	
   

  	
   

  
	
  London EC4Y 1DG

  	
   

  	
   

  	
   

  

 

 

	
  Adrienne Foley

  	
   

  	
  1,000

  	
   

  
	
  144 E. Spring Street

  	
   

  	
   

  	
   

  
	
  Somerville, NJ 08876

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  David Forman

  	
   

  	
  1,895

  	
   

  
	
  579 Sagamore Avenue, Unit 116

  	
   

  	
   

  	
   

  
	
  Portsmouth, NH 03801

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ImageMexico Limited, as trustee for

  	
   

  	
  40,000

  	
   

  
	
  The Robert Fraser Life Interest Trust

  	
   

  	
   

  	
   

  
	
  St. Bartholomew House

  	
   

  	
   

  	
   

  
	
  92 Fleet Street

  	
   

  	
   

  	
   

  
	
  London EC4Y 1DG

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Beth Gaspich

  	
   

  	
  60,000

  	
   

  
	
  79 Connolly Drive

  	
   

  	
   

  	
   

  
	
  Milltown, NJ 08850

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  George G. Herrick Trust 1991

  	
   

  	
  2,091

  	
   

  
	
  c/o John P. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Stephen E. Gorin

  	
   

  	
  10,000

  	
   

  
	
  84 E Crescent Avenue

  	
   

  	
   

  	
   

  
	
  Allendale, NJ
  07401

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Michael Greten

  	
   

  	
  500

  	
   

  
	
  52 Marion
  Avenue

  	
   

  	
   

  	
   

  
	
  Springfield, NJ 07081

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Eileen B. Hahn

  	
   

  	
  1,000

  	
   

  
	
  257 Central Park West, Apt. 12G

  	
   

  	
   

  	
   

  
	
  New York, New York 10024

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Stephen Harvey

  	
   

  	
  5,000

  	
   

  
	
  41 West 82nd Street, Apt. 7A

  	
   

  	
   

  	
   

  
	
  New York, New York 10024

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  James E. Heard

  	
   

  	
  18,472

  	
   

  
	
  9909 Connecticut Avenue

  	
   

  	
   

  	
   

  
	
  Kensington, MD 20895

  	
   

  	
   

  	
   

  

 

 

	
  Nicholas H.S. Higgins

  	
   

  	
  548

  	
   

  
	
  Ram Trust Services, Inc.

  	
   

  	
   

  	
   

  
	
  Attn: Michael Wood

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Phillip F.E. Higgins

  	
   

  	
  230

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  c/o John Higgins

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  J. Nicholas Kearns Trust 1993

  	
   

  	
  941

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  c/o John P.M. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jane S. Allison Trust – 1998

  	
   

  	
  18,881

  	
   

  
	
  24 Goss Road

  	
   

  	
   

  	
   

  
	
  North Hampton, NH 03862

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  James W. Howe

  	
   

  	
  1,000

  	
   

  
	
  1194 Bandera Drive

  	
   

  	
   

  	
   

  
	
  Ann Arbor, MI 48103

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jessica G. Kearns Trust 1992

  	
   

  	
  941

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  c/o John P.M. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jocelyn E. Jacknis

  	
   

  	
  17,500

  	
   

  
	
  29 Red Ground Road

  	
   

  	
   

  	
   

  
	
  Roslyn Heights, NY 11577

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Philip Jacob

  	
   

  	
  800

  	
   

  
	
  451 37th Street

  	
   

  	
   

  	
   

  
	
  Brooklyn, NY 11232

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Julian D. Fischer Revocable Trust 1995

  	
   

  	
  470

  	
   

  
	
  c/o John P. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  

 

 

	
  Prasanna Kabra

  	
   

  	
  5,777

  	
   

  
	
  991 Bukit Timah Road

  	
   

  	
   

  	
   

  
	
  #09-11, Chempaka Court

  	
   

  	
   

  	
   

  
	
  Singapore –
  589630

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Chithra
  Kirshnamurthi

  	
   

  	
  375

  	
   

  
	
  1108 Preston
  Avenue

  	
   

  	
   

  	
   

  
	
  Charlottesville,
  VA 22903

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  David Lakari

  	
   

  	
  1,672

  	
   

  
	
  Renewal Housing Associates LLC

  	
   

  	
   

  	
   

  
	
  One Longfellow Square, 3rd Floor

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Alan J. Laubsch

  	
   

  	
  59,720

  	
   

  
	
  Ambassador’s Court, Apt 446

  	
   

  	
   

  	
   

  
	
  76/1 Soi Langsuan, Plonchit Road

  	
   

  	
   

  	
   

  
	
  Lumpini, Pathumwan

  	
   

  	
   

  	
   

  
	
  Bangkok 10330

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Malin Hedlund Laubsch

  	
   

  	
  6,500

  	
   

  
	
  Ambassador’s Court, Apt 446

  	
   

  	
   

  	
   

  
	
  76/1 Soi Langsuan, Plonchit Road

  	
   

  	
   

  	
   

  
	
  Lumpini, Pathumwan

  	
   

  	
   

  	
   

  
	
  Bangkok 10330

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Laurie A. Dixon GST Trust 1990

  	
   

  	
  1,269

  	
   

  
	
  24 Goss Road

  	
   

  	
   

  	
   

  
	
  North Hampton, NH 03862

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Donald A. Leeber

  	
   

  	
  4,840

  	
   

  
	
  960 Cape Marco Drive, #1504

  	
   

  	
   

  	
   

  
	
  Marco Island, FL 34145

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Alvin Yin-Hang Lee

  	
   

  	
  80,000

  	
   

  
	
  22 Holland Drive, #18-22

  	
   

  	
   

  	
   

  
	
  Singapore 270022

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  William M. Mackenzie

  	
   

  	
  1,269

  	
   

  
	
  c/o Institutional Shareholder Services
  Canada Corp.

  	
   

  	
   

  	
   

  
	
  67 Yonge Street, Ste 1400

  	
   

  	
   

  	
   

  
	
  Toronto, Ontario, CAN M5E1J8

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Ruben Maldonado

  	
   

  	
  3,250

  	
   

  
	
  447 West 56th Street, Apt. 1W

  	
   

  	
   

  	
   

  
	
  New York, New York 10019

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Mathew C. Allison Annual Gift Trust 1998

  	
   

  	
  4,349

  	
   

  
	
  24 Goss Road

  	
   

  	
   

  	
   

  
	
  North Hampton, NH 03862

  	
   

  	
   

  	
   

  

 

 

	
  Catherine McCall

  	
   

  	
  279

  	
   

  
	
  c/o Institutional Shareholder Services
  Canada

  	
   

  	
   

  	
   

  
	
  67 Yonge Street, Ste 1400

  	
   

  	
   

  	
   

  
	
  Toronto,
  Ontario, CAN M5E 1J8

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Michael J. McCarthy

  	
   

  	
  5,000

  	
   

  
	
  108 Little Silver Parkway

  	
   

  	
   

  	
   

  
	
  Little Silver, NJ 07739

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Collin J. McClain

  	
   

  	
  800

  	
   

  
	
  1288 Covington Drive

  	
   

  	
   

  	
   

  
	
  Saline, MI 48176

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Pradeep Menon

  	
   

  	
  15,000

  	
   

  
	
  38 Benbow House, 24, New Globewack

  	
   

  	
   

  	
   

  
	
  London SE1 9DS

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jason S. Mirsky

  	
   

  	
  1

  	
   

  
	
  83 South State Road

  	
   

  	
   

  	
   

  
	
  Briarcliff Manor, NY 10510

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Barbara P. Monks

  	
   

  	
  2,508

  	
   

  
	
  Monks O’Neil Development LLC

  	
   

  	
   

  	
   

  
	
  One City Center

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  George G. Monks, Jr.

  	
   

  	
  2,937

  	
   

  
	
  Ram Trust Services, Inc.

  	
   

  	
   

  	
   

  
	
  Attn: Michael Wood

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, Maine 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Robert C.S. Monks

  	
   

  	
  24,314

  	
   

  
	
  Monks O’Neil Development LLC

  	
   

  	
   

  	
   

  
	
  One City Center

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  William F.K. Monks

  	
   

  	
  2,937

  	
   

  
	
  Ram Trust Services, Inc.

  	
   

  	
   

  	
   

  
	
  Attn: Michael Wood

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, Maine 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Trina C. Muehring

  	
   

  	
  1,600

  	
   

  
	
  2825 Misty Ridge Drive

  	
   

  	
   

  	
   

  
	
  Norman, OK 73071

  	
   

  	
   

  	
   

  

 

 

	
  Peter L. Murray

  	
   

  	
  892

  	
   

  
	
  Ram Trust Services, Inc.

  	
   

  	
   

  	
   

  
	
  Attn: Michael Wood

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, Maine 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Martin Nemeth

  	
   

  	
  1,000

  	
   

  
	
  81 Whiskey Lane

  	
   

  	
   

  	
   

  
	
  Flemington, NJ 08822

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  David Nordahl

  	
   

  	
  500

  	
   

  
	
  12501 Maguire Road

  	
   

  	
   

  	
   

  
	
  Noble, OK 73068

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Kenneth L. Parker

  	
   

  	
  100,000

  	
   

  
	
  341 W. Chestnut

  	
   

  	
   

  	
   

  
	
  Noble, OK 73068

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Polly-Danziger Family Investments, LLC

  	
   

  	
  2,428

  	
   

  
	
  c/o Michael
  Danziger

  	
   

  	
   

  	
   

  
	
  7 Pollack Drive

  	
   

  	
   

  	
   

  
	
  Marlboro, NJ
  07746

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Eric Michael Presser

  	
   

  	
  2,000

  	
   

  
	
  545 West End Avenue

  	
   

  	
   

  	
   

  
	
  Apt. 3E

  	
   

  	
   

  	
   

  
	
  New York, NY 10024-2723

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ImageMexico Limited, as trustee for

  	
   

  	
   

  	
   

  
	
  The Manuel L. Rensink Life Interest Trust

  	
   

  	
  2,400

  	
   

  
	
  St. Bartholomew House

  	
   

  	
   

  	
   

  
	
  92 Fleet Street

  	
   

  	
   

  	
   

  
	
  London EC4Y 1DG

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Ram Capital LLC

  	
   

  	
  72,641

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  c/o John P. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  John J. Riley, III

  	
   

  	
  1,472

  	
   

  
	
  275 Durham Point Road

  	
   

  	
   

  	
   

  
	
  Durham, NH 03824

  	
   

  	
   

  	
   

  

 

 

	
  James Robb

  	
   

  	
  3,500

  	
   

  
	
  1 Fourth Place, Apt. 1

  	
   

  	
   

  	
   

  
	
  Brooklyn, NY 11231

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Michael Schield

  	
   

  	
  2,780

  	
   

  
	
  2744 Blackhawk Rd

  	
   

  	
   

  	
   

  
	
  Wilmette, IL 60091

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Paul. D. Schmitter

  	
   

  	
  100

  	
   

  
	
  2116 Vinewood Blvd

  	
   

  	
   

  	
   

  
	
  Ann Arbor, MI 48104

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Sterling/Carl Marks Capital, Inc.

  	
   

  	
  7,685

  	
   

  
	
  SBA, Receiver for Sterling/Carl Marks
  Capital, Inc.

  	
   

  	
   

  	
   

  
	
  666 11th Street, N.W., Suite 200

  	
   

  	
   

  	
   

  
	
  Washington, DC 20001

  	
   

  	
   

  	
   

  
	
  Attention: Charles Fulford

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ImageMexico Limited, as trustee for

  	
   

  	
   

  	
   

  
	
  The Martin Spencer Life Interest Trust

  	
   

  	
  25,336

  	
   

  
	
  St. Bartholomew House

  	
   

  	
   

  	
   

  
	
  92 Fleet Street

  	
   

  	
   

  	
   

  
	
  London EC4Y 1DG

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Tatiana P. Fischer Intervivos Revocable
  Trust

  	
   

  	
  470

  	
   

  
	
  RAM Trust Services

  	
   

  	
   

  	
   

  
	
  c/o John P.M. Higgins, Trustee

  	
   

  	
   

  	
   

  
	
  45 Exchange Street

  	
   

  	
   

  	
   

  
	
  Portland, ME 04101

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Thomas K. Ta

  	
   

  	
  600

  	
   

  
	
  Flat 9, 100 Drayton Park

  	
   

  	
   

  	
   

  
	
  London N5 1NF UK

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Terrence Tierney

  	
   

  	
  1,000

  	
   

  
	
  626 Raymon Street

  	
   

  	
   

  	
   

  
	
  Westfield, NJ 07090

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Mohan Verma

  	
   

  	
  20,000

  	
   

  
	
  9 Timber Acres Road

  	
   

  	
   

  	
   

  
	
  Springfield, NJ 07081

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Alexander Vingardt

  	
   

  	
  600

  	
   

  
	
  1665 E. 7th Street, Apt. 6C

  	
   

  	
   

  	
   

  
	
  Brooklyn, NY 11230

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jingping Wang

  	
   

  	
  2,000

  	
   

  
	
  8 Upton Road

  	
   

  	
   

  	
   

  
	
  Westborough, MA 01581

  	
   

  	
   

  	
   

  

 

 

	
  Warburg Pincus Private Equity VIII, L.P.

  	
   

  	
  389,855

  	
   

  
	
  c/o Mark Colodny

  	
   

  	
   

  	
   

  
	
  466 Lexington Ave, 11th Floor

  	
   

  	
   

  	
   

  
	
  New York, NY 10017

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Gavin W. Watson

  	
   

  	
  24,000

  	
   

  
	
  58 Horseshoe Road

  	
   

  	
   

  	
   

  
	
  Darien, CT 06820

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Douglas E. Way

  	
   

  	
  800

  	
   

  
	
  2211 Iroquois

  	
   

  	
   

  	
   

  
	
  Detroit, MI 48214

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Chanoine Webb

  	
   

  	
  4,667

  	
   

  
	
  130 Wilmot Street

  	
   

  	
   

  	
   

  
	
  London E20BU

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Jack M. West

  	
   

  	
  800

  	
   

  
	
  2812 Misty Ridge Drive

  	
   

  	
   

  	
   

  
	
  Norman, OK 73071

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Xia (Tracy) Xiao

  	
   

  	
  800

  	
   

  
	
  7368 Village Square Drive

  	
   

  	
   

  	
   

  
	
  Apt. #1827

  	
   

  	
   

  	
   

  
	
  Castle Rock, CO 80108

  	
   

  	
   

  	
   

  

 

 

SCHEDULE A-2

 

Schedule of Two Percent Stockholders

 

	
  Name and Address

  	
   

  	
  No.
  of Shares of Common Stock

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Marc Ethan Berman

  	
   

  	
  2,400,000

  	
  *

  
	
  c/o RiskMetrics Group, Inc.

  	
   

  	
   

  	
   

  
	
  One Chase Manhattan Plaza, 44th
  Floor

  	
   

  	
   

  	
   

  
	
  New York, NY 10005

  	
   

  	
   

  	
   

  
	
  (212) 981-7416

  	
   

  	
   

  	
   

  
	
   

  

  

  	
   

  	
   

  	
   

  
	
  * Shares
  held by Ethan Berman as trustee for the Trust under agreement dated August
  18, 2000 between Ethan Berman, as Grantor and Ethan Berman, as Trustee.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Britel Fund Nominees Limited

  	
   

  	
  464,470

  	
   

  
	
  c/o Hermes USA
  Investors Venture, L.L.C.

  	
   

  	
   

  	
   

  
	
  Attn: Corinna Arnold

  	
   

  	
   

  	
   

  
	
  Lloyds Chambers

  	
   

  	
   

  	
   

  
	
  1 Portsoken Street

  	
   

  	
   

  	
   

  
	
  London, England E18HZ

  	
   

  	
   

  	
   

  

 

SCHEDULE A-3

 

Schedule of Investors

 

	
  Name and Address

  	
   

  	
  No. of Shares of Common
  Stock

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Spectrum Equity Investors IV, L.P.

  	
   

  	
  5,240,000

  	
   

  
	
  Spectrum Equity Investors Parallel IV, L.P.

  	
   

  	
  30,933

  	
   

  
	
  Spectrum Investment Managers’ Fund, L.P.

  	
   

  	
  62,400

  	
   

  
	
  c/o Spectrum Equity Investors

  	
   

  	
  5,333,333

  	
   

  
	
  One International Place, 29th
  Floor

  	
   

  	
   

  	
   

  
	
  Boston, MA 02110

  	
   

  	
   

  	
   

  
	
  Main: (617) 464-4600

  	
   

  	
   

  	
   

  
	
  Fax: (617) 464-4601

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  General Atlantic Partners 78, L.P.

  	
   

  	
  4,920,556

  	
   

  
	
  Gapstar, LLC

  	
   

  	
  66,667

  	
   

  
	
  GAP Coinvestments III, LLC

  	
   

  	
  268,334

  	
   

  
	
  GAP Coinvestments IV, LLC

  	
   

  	
  72,233

  	
   

  
	
  c/o General Atlantic Service Corporation

  	
   

  	
  5,333,333

  	
   

  
	
  Three Pickwick Plaza, Suite 200

  	
   

  	
   

  	
   

  
	
  Greenwich, CT 06830

  	
   

  	
   

  	
   

  
	
  Main: (203)-629-8600

  	
   

  	
   

  	
   

  
	
  Fax: (203) 632-8818

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  TCV V, L.P.

  	
   

  	
  2,302,431

  	
   

  
	
  TCV V Member Fund, L.P.

  	
   

  	
  43,490

  	
   

  
	
  Technology Crossover Ventures

  	
   

  	
  2,345,921

  	
   

  
	
  528 Ramona Street

  	
   

  	
   

  	
   

  
	
  Palo Alto, CA 94301

  	
   

  	
   

  	
   

  
	
  Attention: Rick Kimball

  	
   

  	
   

  	
   

  
	
  Phone:

  	
  (650)
  614-8200

  	
   

  	
   

  	
   

  
	
  Fax:

  	
  (650)
  614-8222

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ABS Ventures VIII, L.P.

  	
   

  	
  400,000

  	
   

  
	
  890 Winter Street, Suite 225

  	
   

  	
   

  	
   

  
	
  Waltham, MA 02451

  	
   

  	
   

  	
   

  
	
  Attention: Pierre Suhrke

  	
   

  	
   

  	
   

  
	
  Phone:

  	
  (781)
  250-0408

  	
   

  	
   

  	
   

  
	
  Fax:

  	
  (781)
  250-0345

  	
   

  	
   

  	
   

  

 

 

	
  W Capital Partners, L.P.

  	
   

  	
  160,000

  	
   

  
	
  W Capital Partners 2003, L.P.

  	
   

  	
  160,000

  	
   

  
	
  245 Park Avenue

  	
   

  	
  320,000

  	
   

  
	
  New York, NY 10167

  	
   

  	
   

  	
   

  
	
  Attention: Stephen Wertheimer

  	
   

  	
   

  	
   

  
	
  Phone:

  	
  (212)
  355-0770

  	
   

  	
   

  	
   

  
	
  Fax:

  	
  (212)
  202-3979

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]