Document:

EX-10.69

 Exhibit 10.69 
 ViewCast Corporation 
 SUBSCRIPTION AGREEMENT 

FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES OF COMMON STOCK 
 This Subscription Agreement is made by and
between ViewCast.com, Inc. dba ViewCast Corporation, a Delaware corporation (“Corporation”), and Lionel Dace (“Undersigned”), with respect to Units of the Corporation, with each Unit consisting of one share (each, a
“Share” and collectively, the “Shares”) of common stock (the “Common Stock”) and one warrant to purchase one share of Common Stock (each, a “Warrant” and collectively, the “Warrants”) of the
Corporation, subject to the rights, powers, preferences, qualifications, limitations and restrictions of which are set forth in the Form of Warrant attached hereto as Exhibit A. 
 NOW THEREFORE, IT IS AGREED AS FOLLOWS: 
 1. Subscription. The Undersigned applies
to purchase the Units with the Shares being purchased at a value per share based on the weighted average closing price of the Common Stock for the five (5) trading days immediately prior to the date this Subscription Agreement is executed which
is $0.1125707 (the “Stock Value”) and with the Warrants having an exercise price per share of 110% of the Stock Value which is $0.1238278 . The number of shares of Common Stock issued will be the next higher whole number of shares
determined by dividing the Subscription Amount by the Stock Value. Unless and until rejected by the Corporation, this Subscription Agreement is binding upon the Undersigned. The Corporation may reject such subscription for any reason. The
Corporation need not specify a reason for its rejection of any Subscription Agreement. 
 2. General Representations. The
Undersigned represents and warrants as follows: 
 A. The Undersigned is purchasing the Units without having been furnished any
offering literature; has received all documents, records and books pertaining to investment in the Corporation requested by and deemed sufficient by him to make an investment in the Corporation; and has been furnished with or has acquired copies of
all reports filed by the Corporation pursuant to the Securities Exchange Act of 1934, as amended (the “1934 Act”) prior to the date of this Subscription Agreement and copies of all press releases issued by the Corporation prior to the date
of this Subscription Agreement; 
 B. The Undersigned understands that he is purchasing the Units without being furnished any
offering materials and that such purchase has not been scrutinized by the U.S. Securities and Exchange Commission (the “Commission”) or any state securities regulatory body; 

C. The Undersigned understands that neither the Shares, the Warrants nor the shares of Common Stock of the Corporation underlying the
Warrants (the “Warrant Shares”) have been registered under the Securities Act of 1933, as amended, (the “1933 Act”) nor any state securities law and he has no right to require registration of the Shares, the Warrants or the
Warrant Shares under the 1933 Act or any state securities law; 
 D. The Undersigned understands that the Units are being
purchased for his own account for investment purposes, not for the interest of any other person, and not for resale to others; 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 E. The Undersigned is an accredited investor as defined in Regulation D, Rule 501(a) (17
C.F.R.230.501(a)), by reason of one of the following: 
  

	 	(a)	he is a director or executive officer of the Corporation; 

  

	 	(b)	his net worth (including that of his spouse) exceeds $1,000,000 (“net worth” means the excess of total assets over total liabilities and for the purposes of
determining “net worth,” the value of an individual’s primary residence and any amount of indebtedness secured by the primary residence up to the fair market value thereof should be excluded, and indebtedness secured by the primary
residence in excess of the value of the home should be considered a liability); 

  

	 	(c)	he had income in excess of $200,000 for each of 2009 and 2010 or income (including that of his spouse) in excess of $300,000 in each of those years and reasonably
expects to reach the same level in 2011; 

  

	 	(d)	the Undersigned is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, a corporation, a Massachusetts or similar business trust,
or a partnership, not formed for the purpose of acquiring the Shares, with total assets in excess of $5,000,000; 

  

	 	(e)	the Undersigned is a trust, with total assets in excess of $5,000,000, not formed for the purpose of acquiring the Units, whose purchase is directed by a person who has
such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment; or 

  

	 	(f)	the Undersigned is an entity in which all of the equity owners are accredited investors. 

F. The Undersigned is sufficiently experienced in financial and business matters to be capable of evaluating the merits and risks of his
investments, including an investment in the Corporation, and to make an informed decision relating thereto and to protect his own interests in connection with the purchase of the Units; 

G. The Undersigned, in making the decision to subscribe for the Units, has relied upon an independent investigation made by him and,
prior to entering into this Subscription Agreement, has been given access and the opportunity to ask questions of and to receive answers from officers of the Corporation concerning the terms and conditions of subscribing for the Units and has
received complete and satisfactory answers to such inquiries; 
 H. Based upon the Undersigned’s independent investigation,
the Undersigned has made his own independent determination to subscribe for the Units; 
 I. The Undersigned is, in relation to
his total investment status and net worth, making only a reasonable commitment to the Corporation and is able to bear the economic risk of the investment, including the possible loss of his entire investment; 

  
 2 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 J. The Undersigned is making an investment in the Corporation without the expectation or
desire for a resale or distribution with respect thereto; 
 K. The Undersigned has no need for liquidity with respect to the
Undersigned’s investment in the Corporation; 
 L. The Undersigned recognizes that an investment in the Shares involves
special risks, including, but not limited to, those set forth in all of the Corporation’s reports filed pursuant to the 1934 Act filed with the Commission prior to the date of this Subscription Agreement; 

M. The Undersigned is aware of the restrictions on transfer of the Shares, the Warrant and the Warrant Shares imposed by the 1933 Act and
applicable state securities laws and hereby consents to the placement of the following restrictive legends on the certificates representing the Shares, the agreement representing the Warrant and the certificates representing the Warrant Shares:

 THE SHARES REPRESENTED BY THIS CERTIFICATE] [THE WARRANT AND SECURITIES ISSUABLE UPON THE EXERCISE HEREOF] HAVE BEEN ACQUIRED
SOLELY FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1993, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF SUCH
REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH SALE, OFFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION REQUIREMENT OF THE ACT AND OF ANY APPLICABLE STATE SECURITIES LAWS. 

N. The Undersigned further understands that the certificates representing Shares and the Warrant Shares and the agreement representing
the Warrant held by officers, directors, or other affiliates of the Corporation may contain additional restrictive legends required by law; 
 O. The Undersigned acknowledges that he is not subscribing for the Units as a result of or pursuant to any of the following: (i) any advertisement, article, notice or other communication published in
any newspaper, magazine or similar media outlet or broadcast over television or radio; or (ii) any seminar or meeting whose attendees, including the Undersigned, had been invited as a result of, or pursuant to, any of the foregoing; 

P. The Undersigned understands that all information which the Undersigned has provided to the Corporation concerning himself and his
financial position, and his knowledge of financial and business matters is correct and complete as of the date set forth herein and, if there should be any material change in such information prior to the Undersigned having paid his subscription in
full, that the Undersigned must immediately provide the Corporation with such information; and 
 Q. The Undersigned
acknowledges that he has been provided by the Corporation material non-public information regarding the Corporation which he must maintain in confidence pursuant to the terms of the [name of Confidentiality Agreement and date of it], and the
Undersigned acknowledges that the U.S. securities laws prohibit him from trading in ViewCast’s common stock while he is in possession of material non-public information or from communicating to another person the material non-public information
under circumstances where it is reasonably foreseeable that such person is likely to trade ViewCast’s common stock. 

  
 3 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 3. Subscription Amount. The Undersigned hereby subscribes for Units of ViewCast.com, Inc.,
a Delaware corporation, for the total price of $25,000.00 (“Subscription Amount”), tenders on the date of this Subscription Agreement a check, money order or wire transfer in the sum of at least $25,000.00, payable to ViewCast.com, Inc.
(the “Initial Closing”) with the remainder of the Subscription Amount to be paid by the Undersigned by check, money order or wire transfer on or before January 31, 2012 (the “Second Closing”). At the Second Closing, the
Undersigned shall be deemed to have reconfirmed the representations set forth in Section 2 hereof as of the date of the Second Closing. The Shares and Warrants purchased at the Initial Closing will be issued as of the date of this Subscription
Agreement. The Shares and Warrants purchased at the Second Closing will be issued as of the date of the Second Closing. The number of Shares issued will be the next higher whole number of shares determined by dividing Subscription Amount by the
Stock Value. The Warrants will be exercisable into the number of Warrant Shares that is equal to the number of Shares. 
 4. Binding
Effect and Irrevocability. The Undersigned understands that this Subscription Agreement is not binding on the Corporation unless and until it is accepted by the Corporation as evidenced by the counter-execution below. 

5. Indemnification. The Undersigned understands the meaning and legal consequences of the representations and warranties contained in this
Subscription Agreement and agrees to indemnify and hold harmless the Corporation and the organizers, incorporators, directors and executive officers of the Corporation from and against any and all loss, damage or liability due to or arising out of a
breach of any representation or warranty of the Undersigned contained in this Subscription Agreement. 
 6. Notices. All notices
and other communications required or permitted under this Subscription Agreement shall be in writing, and shall be deemed to have been given if delivered personally, or mailed, postage prepaid, by first class mail, to the parties at the addresses
set forth in this Subscription Agreement or such other address as a party may specify to the other by notice. 
 7. Succession and
Assignment. This Subscription Agreement shall be binding upon and shall inure to the benefit of the executors, administrators, heirs, legatees, devisees, assigns, legal representatives, and successors of the parties hereto, and may not be
assigned or transferred by either party without the consent of the other party. 
 8. Amendments and Waivers. This Subscription
Agreement may be amended or modified only by an instrument signed by the parties hereto. A waiver of any provision of this Subscription Agreement must be in writing, designated as such, and signed by the party against whom enforcement of that waiver
is sought. The waiver by a party of a breach of any provision of this Subscription Agreement shall not operate or be construed as a waiver of any subsequent or other breach thereof. 
 9. Governing Law. This Subscription Agreement shall be enforced, governed and construed in accordance with the laws of the State of Delaware. 

***** 

  
 4 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
 EXECUTED AND SUBMITTED BY THE UNDERSIGNED: 
 Date: December 27, 2011 
  

					
	 /s/ Lionel Dace
	 	/	 	  

			
	Signature of Subscriber	 		 	 Signature of Subscriber’s Spouse (if applicable)

			
	 Lionel Dace
	 	/	 	  

			
	(Type or print name of Subscriber as it appears above	 		 	 Type or print name of Subscriber’s Spouse as it appears above)

			
	           XX-XX-XXXX
	 	/	 	  

	Federal Tax Identification No. of Subscriber	 		 	 Federal Tax Identification No. of Subscriber’s Spouse

  

	
	 286 Via Del Rey, P O Box 56.

	Street Address
	

  

											
	 Angel Fire
	  	NM	  	 	  	 	87710	  	  	 
	     City
	  	State	  		  	 	Zip	  	  	

  

	**IMPORTANT**	Please print below exactly how you want your name(s) listed on your securities certificate: 

 

			
		 	Lionel L. Dace
	
	ACCEPTED BY
		
		 	ViewCast.com, Inc., a Delaware corporation
		
	by:	 	 /s/ Laurie L. Latham

		 	Laurie L. Latham, Senior Vice President and Chief Financial Officer
		
	Date:	 	 December 27, 2011

  

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 EXHIBIT A 
 FORM OF WARRANT 
 THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE HEREOF
HAVE BEEN ACQUIRED SOLELY FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED IN THE
ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH SALE, OFFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND OF ANY APPLICABLE STATE SECURITIES LAWS. 

WARRANT TO PURCHASE COMMON STOCK 
 of VIEWCAST.COM, INC. 
 Void after December 31, 2014 

This Warrant is issued to
                     (“Holder”) by ViewCast.com, Inc., a Delaware corporation (the “Company”), on December
    , 2011 (the “Warrant Issue Date”). This Warrant is issued pursuant to the terms of that certain Subscription Agreement for Units Consisting of Shares of Common Stock and Warrants for Shares of Common Stock dated
December     , 2011, by and between the Company and the Holder (the “Subscription Agreement”). 

1. Purchase Shares. Subject to the terms and conditions hereinafter set forth herein, the Holder is entitled, upon surrender of
this Warrant at the principal office of the Company (or at such other place as the Company shall notify the holder hereof in writing), to purchase from the Company up to
                     (            ) fully paid and nonassessable shares of Common Stock,
par value $0.0001, of the Company, as constituted on the Warrant Issue Date (the “Common Stock”). The number of shares of Common Stock issuable pursuant to this Section 1 (the “Shares”) shall be subject to adjustment
pursuant to Section 9 hereof. 
 2. Exercise Price. The purchase price for the Shares shall be
$         per share which is 110% of the Stock Value as defined in the Subscription Agreement, as adjusted from time to time pursuant to Section 9 hereof (the “Exercise Price”). 

  
 6 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 3. Exercise Period. This Warrant shall be exercisable commencing on the Warrant
Issue Date and shall expire and be of no further force or effect at 4:30 pm (Dallas time) on December 31, 2014 (the “Expiration Date”). 
 4. Method of Exercise. While this Warrant remains outstanding and exercisable in accordance with Section 3 above, the Holder may exercise, in whole or in part, the purchase rights evidenced
hereby. Such exercise shall be effected by: 
 (a) the surrender of the Warrant, together with a duly executed copy of the form
of Notice of Election attached hereto, to the Secretary of the Company at its principal office; and 
 (b) the payment to the
Company of an amount equal to the aggregate Exercise Price for the number of Shares being purchased by certified check or bank draft. 
 5. Accredited Investor. As also indicated in the Subscription Agreement, on the date hereof, the Holder is an “accredited investor” as defined in Rule 501(a) under the Securities Act of
1933, as amended (the “Securities Act”). Immediately prior to any exercise of the Warrant pursuant to Section 4, the Holder shall provide the Company with a representation that it is still an “accredited investor” as defined
in Rule 501(a) under the Securities Act. 
 6. Investment Representation. Unless the Shares are issued to the Holder in a
transaction registered under applicable federal and state securities laws, by its execution hereof, the Holder represents and warrants to the Company that all Shares which may be purchased hereunder will be acquired by the Holder for investment
purposes for its own account and not with any present intent for resale or distribution in violation of federal or state securities laws. Unless the Shares are issued to the Holder in a transaction registered under the applicable federal and state
securities laws, all certificates issued with respect to the Shares shall bear the appropriate restrictive investment legend (such legend to be in substantially the same form as set forth in the Subscription Agreement) and shall be held
indefinitely, unless they are subsequently registered under the applicable federal and state securities laws or the Holder obtains an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that such registration is
not required. 
 7. Certificates for Shares. Upon the exercise of the purchase rights evidenced by Section 4 of this
Warrant, one or more certificates for the number of Shares so purchased shall be issued as soon as practicable thereafter (with appropriate restrictive legends, if applicable), and in any event within ten (10) days of the delivery of the Notice
of Election. 
 8. Issuance of Shares. The Company covenants that the Shares, when issued pursuant to the exercise of
this Warrant under Section 4, will be duly and validly issued, fully paid and nonassessable. 
  

  
 7 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 9. Adjustment of Exercise Price and Number of Shares. The number of and kind of
securities purchasable upon exercise of this Warrant and the Exercise Price shall be subject to adjustment from time to time as follows: 
 (a) Subdivisions, Combinations and Other Issuances. If the Company shall at any time prior to the expiration of this Warrant subdivide its Common Stock, by split-up or otherwise, or combine its
Common Stock, or issue additional shares of its Common Stock as a dividend or distribution with respect to any shares of its Common Stock, the number of Shares issuable on the exercise of this Warrant shall forthwith be proportionately increased in
the case of a subdivision or stock dividend or distribution, or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to the purchase price payable per share, but the aggregate purchase price payable for
the total number of Shares purchasable under this Warrant (as adjusted under this Section 9(a)) shall remain the same. Any adjustment under this Section 9(a) shall become effective at the close of business on the date the subdivision or
combination becomes effective, or as of the record date of such dividend or distribution, or in the event that no record date is fixed, upon the making of such dividend or distribution. 

(b) Reclassification, Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the
Common Stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 9(a) above), then, as a condition of such reclassification, reorganization, or change, lawful provision shall be made,
and duly executed documents evidencing the same from the Company or its successor shall be delivered to the Holder, so that the Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal to
that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization, or change by a holder of the same number of shares of
Common Stock as were purchasable by the Holder immediately prior to such reclassification, reorganization, or change. In any such case, appropriate provisions shall be made with respect to the rights and interest of the Holder so that the provisions
hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the purchase price per share payable hereunder, provided the
aggregate purchase price shall remain the same. 
 (c) Carry Over of Adjustments. No adjustment of the Exercise Price
shall be made if the amount of such adjustment shall be less than 1% of the Exercise Price in effect immediately prior to the event giving rise to the adjustment, provided, however, that in such case any adjustment that would otherwise be required
then to be made shall be carried forward and shall be made at the time of and together with the next subsequent adjustment which, together with any adjustment so carried forward, shall amount to at least 1% of the Exercise Price. 

 

  
 8 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 (d) Discretionary Reduction in Exercise Price. The Company may at any time or
from time to time reduce the Exercise Price of the Warrant. 
 (e) Notice of Adjustment. Upon any adjustment of the
number of Shares and upon any adjustment of the Exercise Price, then and in each such case the Company shall give written notice thereof to the Holder, which notice shall state the Exercise Price and the number of Shares or other securities subject
to the unexercised Warrant resulting from such adjustment, and shall set forth in reasonable detail the method of calculation and the facts upon which such calculation is based. 

(f) Other Notices. In case at any time prior to the Expiration Date: 

 

	 	(i)	the Company shall declare any dividend or distribution upon its shares of Common Stock payable in shares; 

 

	 	(ii)	the Company shall offer for subscription pro rata to the holders of its shares of Common Stock any additional shares of any class or other rights;

  

	 	(iii)	there shall be any capital reorganization or reclassification of the capital stock of the Company, or consolidation, amalgamation or merger of the Company with, or sale
of all or substantially all of its assets to, another corporation; or 

  

	 	(iv)	there shall be a voluntary dissolution, liquidation or winding-up of the Company, 

 then, in any one or more of such cases, the Company shall give to the Holder (A) at least 10 days’ prior written notice of the date on which a record date shall be taken for such dividend,
distribution or subscription rights or for determining rights to vote in respect of any such reorganization, reclassification, consolidation, merger, amalgamation, sale, dissolution, liquidation or winding-up and (B) in the case of any such
reorganization, reclassification, consolidation, merger, amalgamation, sale, dissolution, liquidation or winding-up, at least 10 days’ prior written notice of the date when the same shall take place. Such notice in accordance with the foregoing
clause (A) shall also specify, in the case of any such dividend, distribution or subscription rights, the date on which the holders of shares of Common Stock shall be entitled thereto, and such notice in accordance with the foregoing
clause (B) shall also specify the date on which the holders of shares of Common Stock shall be entitled to exchange their shares of Common Stock for securities or other property deliverable upon such reorganization, reclassification,
consolidation, merger, amalgamation, sale, dissolution, liquidation or winding-up, as the case may be. 
  

  
 9 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 (g) Shares to be Reserved. The Company will at all times keep available, and
reserve out of its authorized shares of Common Stock, solely for the purpose of issue upon the exercise of the Warrant, such number of Shares as shall then be issuable upon the exercise of the Warrant. The Company will take all such actions as are
within its power to ensure that all such Shares may be so issued without violation of any applicable law. 
 10. No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of the
Exercise Price then in effect. 
 11. No Stockholder Rights. Prior to exercise of this Warrant, the Holder shall not be
entitled to any rights of a stockholder with respect to the Shares, including (without limitation) the right to vote such Shares, receive dividends or other distributions thereon, exercise preemptive rights or be notified of stockholder meetings,
and such holder shall not be entitled to any notice or other communication concerning the business or affairs of the Company. However, nothing in this Section 11 shall limit the right of the Holder to be provided the Notices required under this
Warrant. Notwithstanding the foregoing, the Holder shall be deemed a stockholder and shall be entitled to all of the rights of a stockholder with respect to the Shares immediately upon satisfying all of Section 4. 

12. Participation in Rights Distribution. If at any time, while this Warrant, or any portion thereof, is outstanding and
unexpired, the Company shall issue to all holders of its Common Stock rights (the “Rights”) entitling the holders thereof to purchase any shares of capital stock, the Company also shall issue to the Holder identical Rights, with such
number of Rights to be issued to the Holder being based on the number of shares of Common Stock which Holder would then be entitled to receive if this Warrant had been exercised in full immediately prior to the issuance of the Rights. Prior to
issuing the Rights, the Company shall provide notice to the Holder as set forth in Section 9(f). In connection with issuing the Rights, the Company will take all necessary corporate action to at all times keep available and reserve out of its
authorized shares of Common Stock the number of shares of Common Stock issuable upon exercise of the Rights. 
  

  
 10 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 13. Transfers of Warrant. The Holder of the Warrants may transfer this Warrant
without restriction to an Affiliate (as defined in Rule 405 promulgated pursuant to the Securities Act of 1933, as amended) of the Holder and in compliance with all applicable federal and state securities laws. In order for a transferee of this
Warrant to receive any of the benefits of such Warrant, the Company must have received notice of such transfer, pursuant to Section 17 hereof, in the form of assignment attached hereto. 

14. Replacement. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this
Warrant or, in the case of mutilation, upon surrender of this Warrant, the Company will issue to the Holder a replacement warrant (containing the same terms and conditions as this Warrant). 

15. Successors and Assigns. The terms and provisions of this Warrant shall inure to the benefit of, and be binding upon, the
Company and the Holder hereof and their respective successors and permitted assigns as set forth in Section 13. 
 16.
Amendments and Waivers. Any term of this Warrant may be amended and the observance of any term of this Warrant may be waived (either generally or in a particular instance and either retroactively or prospectively), with the written consent of
the Company and the Holder. 
 17. Notices. All notices required under this Warrant shall be deemed to have been given or
made for all purposes (i) upon personal delivery, (ii) upon confirmation receipt that the communication was successfully sent to the applicable number if sent by facsimile; (iii) one business day after being sent, when sent by
professional overnight courier service, or (iv) five days after posting when sent by registered or certified mail. Notices to the Company shall be sent to the principal office of the Company (or at such other place as the Company shall notify
the Holder hereof in writing). Notices to the Holder shall be sent to the address of the Holder on the books of the Company (or at such other place as the Holder shall notify the Company hereof in writing). 

18. Captions. The section and subsection headings of this Warrant are inserted for convenience only and shall not constitute a
part of this Warrant in construing or interpreting any provision hereof. 
 19. Governing Law. This Warrant shall be
governed by the laws of the State of Delaware. 
  

  
 11 

 ViewCast Corporation 

SUBSCRIPTION AGREEMENT 
 FOR UNITS CONSISTING OF SHARES OF COMMON STOCK 
 AND WARRANTS FOR SHARES
OF COMMON STOCK 
  

 IN WITNESS WHEREOF, ViewCast.com, Inc. caused this Warrant to be executed by an officer
thereunto duly authorized. 
  

			
	VIEWCAST.COM, INC.
		
	By:	 	  

		 	Laurie L. Latham
		 	Senior Vice President and Chief Financial
		 	Officer

  

			
	Agreed to and Acknowledged by:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 12Warrant and Debentures Purchase Agreement

 Exhibit 10.1 

 
  

WARRANT AND DEBENTURES PURCHASE AGREEMENT 
 Dated as of March 30, 2012 
 between 

THE HARTFORD FINANCIAL SERVICES GROUP, INC. 
 and 
 ALLIANZ SE 

 
  

 WARRANT AND DEBENTURES PURCHASE AGREEMENT, dated as of March 30, 2012 (this
“Agreement”), between The Hartford Financial Services Group, Inc., a Delaware corporation (the “Purchaser”), and Allianz SE, a European company incorporated in the Federal Republic of Germany and the European Union
(the “Sellers’ Representative,” and together with the Warrant Seller and the Debenture Sellers, the “Sellers”). Certain terms used in this Agreement are defined in Section 5.4. 

W I T N E S S E T H: 
 WHEREAS, the Sellers’ Representative desires to cause the Sellers to sell and transfer to the Purchaser, and the Purchaser desires to purchase from the Sellers, the Warrants and the Debentures.

 NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein, and subject to and on the terms
and conditions herein set forth, the parties hereto agree as follows: 
 ARTICLE I 

PURCHASE AND SALE OF THE WARRANTS AND THE DEBENTURES 
 1.1 Purchase and Sale of the Warrants. Upon the terms set forth in this Agreement and on the basis of the representations, warranties, covenants, agreements, undertakings and obligations contained
herein, the Purchaser hereby agrees to purchase from the Warrant Seller, and the Sellers’ Representative hereby agrees to cause the Warrant Seller to sell to the Purchaser, the Warrants (the “Warrant Sale”). 

1.2 Purchase and Sale of the Debentures. Upon the terms set forth in this Agreement and on the basis of the representations,
warranties, covenants, agreements, undertakings and obligations contained herein, the Purchaser hereby agrees to purchase, and the Sellers’ Representative agrees to, or to cause any Affiliate which may hold Debentures as of the Closing Date for
such sale (each seller of Debentures, a “Debenture Seller”) to, sell to the Purchaser, the Debentures (the “Debenture Sale,” and, together with the Warrant Sale, the “Sales”). 

1.3 Closings. 
 (a) The closings of the Sales shall occur on Tuesday, April 17, 2012 (the “First Closing Date”); 
 (b) Notwithstanding Section 1.3(a), the Purchaser shall have the right in its sole discretion to defer the closing of the Debenture Sale by notice delivered to the Sellers’ Representative no
later than 5:00 PM, New York City time, on Friday, April 13, 2012. In the event of such a deferral, the Purchaser shall have the right to select the deferred date for the closing of the Debenture Sale (the “Second Closing
Date”), which shall be a Business Day occurring on or before the End Date, or, if the End Date has passed and this Agreement has not been terminated, on such other Business Day as the Purchaser may select in accordance with this
Section 1.3(b); provided, however, that this shall not limit the right of the Sellers’ Representative to terminate this Agreement in accordance with Section 4.1(b). The Purchaser shall provide the Sellers’ Representative with
written notice of its selection of the Second Closing Date no later than 5:00 PM, New York City time, on the third Business Day before the Second Closing Date; and 

 (c) The closings of the Sales shall take place at 9:30 AM on the relevant Closing Date(s) at
the offices of Sullivan & Cromwell LLP, 125 Broad Street, New York, New York 10004. 
 1.4 Deliveries by
Sellers’ Representative Relating to the Warrant Sale. On the First Closing Date, the Sellers’ Representative shall deliver, or cause to be delivered, to the Purchaser a certificate representing each Warrant to be sold hereby.

 1.5 Deliveries by the Purchaser Relating to the Warrant Sale. On the First Closing Date, the Purchaser shall deliver
or cause to be delivered US$300,000,000 (three hundred million U.S. dollars), representing the purchase price for the Warrants, by wire transfer of immediately available funds to an account or accounts designated in accordance with
Section 1.7(c) hereof. 
 1.6 Deliveries by the Sellers’ Representative Relating to the Debenture Sale. On the
First Closing Date (or, if the closing of the Debenture Sale has been deferred in accordance with Section 1.3(b), the Second Closing Date) the Sellers’ Representative shall cause the beneficial interest in the global certificates
representing the Debentures to be credited to the account or accounts of the Purchaser designated by the Purchaser at least two (2) Business Days in advance of the relevant Closing Date against payment pursuant to Section 1.7 below.

 1.7 Deliveries by the Purchaser Relating to the Debenture Sale. 

(a) On the First Closing Date, the Purchaser shall deliver, or cause to be delivered, in consideration for the undertakings set forth in
Section 1.2 and the right conferred on the Purchaser in Section 1.3(b), US$50,000,000 (fifty million U.S. dollars) to an account or accounts designated in accordance with Section 1.7(c) hereof. 

(b) Also on the First Closing Date (or, if the closing of the Debenture Sale has been deferred in accordance with Section 1.3(b),
the Second Closing Date), the Purchaser shall deliver, or cause to be delivered, US$2,075,000,000 (two billion seventy-five million U.S. dollars), plus an amount equal to the accrued but unpaid interest on the Debentures to but excluding such
Closing Date, by wire transfer of immediately available funds to an account or accounts designated in accordance with Section 1.7(c) hereof. Moreover, if there is a Second Closing Date, the Purchaser shall also deliver on that Closing Date
additional interest in respect of the Debentures equal to the interest that would accrue at the rate of 10% per annum (actual/366 day basis) on US$325,000,000 (three hundred twenty-five million U.S. Dollars) over the period from and including
the First Closing Date to but excluding the Second Closing Date. 
 (c) Payments pursuant to Section 1.5 hereof, this
Section 1.7 and Section 4.3 hereof shall in each case be made to such account or accounts as shall be notified to the Purchaser by the Sellers’ Representative at least two (2) Business Days in advance of the relevant payment.

  
 -2-

 1.8 Bills of Sale. On any Closing Date, the Purchaser, the Sellers’
Representative and the relevant Sellers shall document the relevant Sales by entering into bills of sale substantially in the form set forth in Annex III.  
 ARTICLE II 
 REPRESENTATIONS AND WARRANTIES 

2.1 Representations and Warranties of the Seller. The Sellers’ Representative makes for the benefit of the Purchaser, as of
the date of this Agreement, the First Closing Date and, if applicable, the Second Closing Date (except to the extent made only as of a specified date, in which case as of such date), the representations and warranties set forth in Annex I.

 2.2 Representations and Warranties of the Purchaser. The Purchaser makes for the benefit of the Sellers’
Representative, as of the date of this Agreement, the First Closing Date and, if applicable, the Second Closing Date (except to the extent made only as of a specified date, in which case as of such date), the representations and warranties set forth
in Annex II. 
 ARTICLE III 
 ADDITIONAL AGREEMENTS OF THE PARTIES 
 3.1 Cooperation; Further
Assurances. The Purchaser, on the one hand, and the Sellers’ Representative, on the other hand, will cooperate and consult with the other and use commercially reasonable efforts to take or cause to be taken all actions, and do or cause to
be done all things, reasonably necessary, proper or advisable on their respective parts under this Agreement and applicable law to consummate the Warrant Sale on the First Closing Date and the Debenture Sale on the First Closing Date or, with
respect to the Debenture Sale (subject to the rights of the Purchaser under Article IV), as promptly thereafter as reasonably practicable. Without limiting the foregoing, but subject to the rights of the Purchaser under Article IV: 

(a) The Purchaser will use its commercially reasonable efforts to cause the Replacement Capital Requirement to be satisfied as soon as
practicable following the date hereof; 
 (b) Insofar as relevant, and subject to applicable law and regulation (including
fiduciary obligations), the Sellers’ Representative will consent, and will use its commercially reasonable efforts to cause its relevant controlled Affiliates to consent, to the waiver, amendment or termination of the Replacement Capital
Covenant relating to the Debentures; provided, however, that (i) the Sellers’ Representative shall have no obligation to consent to or use commercially reasonable efforts to cause such Affiliates to consent to any Consent Solicitation in
respect of any Covered Debt with regard to which its Affiliates do not have discretionary voting authority and (ii) the Sellers’ Representative and its Affiliates’ ability to vote with respect to any other matter (whether or not
included in the same consent solicitation) will not be restricted by this Section 3.1(b); 
 (c) The parties agree to
execute and deliver such other documents, instruments of transfer or assignment and records and do all such further acts and things as may be reasonably necessary or desirable to carry out and give effect to the transactions contemplated hereunder;
and 

  
 -3-

 (d) The Purchaser and the Sellers’ Representative will keep each other informed with
respect to the matters set forth in this Section 3.1, and the Purchaser shall notify the Sellers’ Representative in writing within one (1) Business Day of achieving the satisfaction of the Replacement Capital Requirement. 

3.2 Public Announcements. Subject to each party’s disclosure obligations imposed by law or the applicable rules of any stock
exchange, the parties will cooperate with each other in the development and distribution of all news releases and other public disclosures with respect to this Agreement, the transactions contemplated by this Agreement, or any other document related
to the transactions contemplated by this Agreement and neither party will make any such news release or public disclosure without first consulting with the other party hereto. Promptly following the execution of this Agreement, the Purchaser expects
to issue a mutually agreeable press release announcing certain terms of this Agreement. 
 3.3 Expenses. Regardless of
whether any or all of the transactions contemplated by this Agreement are consummated, and except as otherwise expressly provided herein, the Purchaser and the Sellers’ Representative shall each bear their respective direct and indirect
expenses incurred in connection with the negotiation and preparation of this Agreement and the consummation of the transactions contemplated hereby. 
 ARTICLE IV 
 TERMINATION 

4.1 Termination. This Agreement may be terminated: 
 (a) Consent. By the mutual written consent of the Sellers’ Representative and the Purchaser; 
 (b) Delay. By either the Sellers’ Representative or the Purchaser if the closing of the purchase of the Debentures has not occurred on or before the End Date; provided, however,
that the right to terminate this Agreement under this Section 4.1(b) shall not be available to any party hereto whose failure to take any action required to fulfill any of such party’s obligations under this Agreement has materially
contributed to or resulted in the failure of such closing to occur on or before the End Date; and 
 (c) After the First
Closing Date. By the Purchaser, in its sole discretion with or without reason, and without liability, payment or penalty other than as expressly provided in Section 4.3, at any time after the First Closing Date. 

4.2 Notice of Termination. If the Sellers’ Representative or the Purchaser desires to terminate this Agreement pursuant to
Section 4.1, it shall give written notice of such termination to the other party. 
 4.3 Effects of Termination.
Upon a termination of this Agreement in accordance with Section 4.1, each party’s further rights and obligations hereunder, shall 

  
 -4-

 
terminate, but, except as otherwise provided in this Section, such termination shall not affect any rights or obligations of a party which may have accrued prior to such termination. For the
avoidance of doubt, the parties agree that (a) the termination of this Agreement after the First Closing Date in accordance with Section 4.1 of this Agreement shall not cause the Warrant Sale to be unwound or the amount paid pursuant to
Section 1.7(a) to be repaid, and (b) upon the termination of this Agreement pursuant to Section 4.1(c), (i) neither the Purchaser nor the Seller shall have any liability under Article I in respect of the Debenture Sale or under
Article III in respect of matters other than the Warrant Sale and (ii) neither the Purchaser nor any Seller shall have any obligation to proceed with the Debenture Sale. Notwithstanding the foregoing, if the Purchaser terminates this Agreement
pursuant to Section 4.1(c), or if the Purchaser fails to designate a Second Closing Date before the End Date and the Sellers’ Representative terminates this Agreement pursuant to Section 4.1(b), the Purchaser shall pay to an account
or accounts designated in accordance with Section 1.7(c) additional interest in respect of the Debentures equal to the amount of interest that would accrue on US$325,000,000 (three hundred twenty-five million U.S. dollars) at the rate of
10% per annum. (actual/366 day basis) from and including the First Closing Date, to but excluding the date upon which the notice of termination is delivered. 
 4.4 Additional Rights and Remedies. The parties acknowledge and agree that, except as expressly provided in this Article IV, nothing in this Article IV shall prejudice or limit any rights or
remedies which may otherwise be available to the Sellers’ Representative or the Purchaser under this Agreement or pursuant to applicable law, including the right to claim damages or seek specific performance. 

ARTICLE V 

MISCELLANEOUS 
 5.1 Investment Agreement. The provisions of Sections 6.1 through 6.6, 6.8, 6.10 and 6.11 of the Investment Agreement (as defined below) shall be incorporated herein, mutatis mutandis, except
that (a) copies of notices sent to Cleary Gottlieb Steen & Hamilton LLP shall be addressed to the attention of Craig B. Brod, rather than Victor I. Lewkow, and (b) the Purchaser may elect to provide the notice of a deferral of
closing in accordance with Section 1.3(b) by means of an e-mail message sent to any of one or more e-mail addresses which the Sellers’ Representative shall furnish to the Purchaser within five (5) Business Days of the date of this
Agreement, with the sending of such e-mail message deemed to be delivery. 
 5.2 Entire Agreement. This Agreement,
together with the consent of the Sellers’ Representative delivered on the date hereof to the Purchaser in connection with the transactions contemplated hereby, constitutes the entire agreement, and supersedes all other prior agreements,
understandings, representations and warranties, both written and oral, between the parties, with respect to the sale and purchase of the Warrants and Debentures described herein. For the avoidance of doubt, other than as expressly set forth herein,
this Agreement shall not constitute a waiver, amendment or modification of any Transaction Document. 
 5.3 Assignment.
Neither this Agreement nor any right, remedy, obligation nor liability arising hereunder or by reason hereof shall be assignable by any party hereto without the prior written consent of the other parties hereto, and any attempt to assign any right,
remedy, obligation or liability hereunder without such consent shall be void. 

  
 -5-

 5.4 Certain Definitions. 

(a) Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the Investment
Agreement, dated October 17, 2008 between the Purchaser and Allianz SE, as amended from time to time (the “Investment Agreement”). For purposes of this Agreement, the following terms have the meanings set forth below:

 (i) “Business Day” means a day on which banking institutions in The City of New York are not authorized or
obligated by law to be closed for banking business. 
 (ii) “Closing” means the First Closing or the Second
Closing, as the case may be. 
 (iii) “Closing Date” means the First Closing Date or the Second Closing Date,
as the case may be. 
 (iv) “Consent Solicitation” means a consent solicitation by the Purchaser for the
waiver, amendment or termination of the Replacement Capital Covenant relating to the Debentures. 
 (v) “Covered
Debt” has the meaning ascribed in the Replacement Capital Covenant. 
 (vi) “Debenture” or
“Debentures” means $1.75 billion aggregate principal amount of the Purchaser’s 10% Fixed-to-Floating Rate Junior Subordinated Debentures due 2068, issued pursuant to the Junior Subordinated Indenture, dated as of June 6,
2008, as amended and supplemented by the Second Supplemental Indenture, dated as of October 17, 2008, each between the Purchaser and The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.),
as Trustee. 
 (vii) “End Date” means June 30, 2012, or if such day is not a Business Day, the
immediately following Business Day. 
 (viii) “Lien” means any charges, claims, conditional sale or other
title retention agreements, covenants, easements, encumbrances, exceptions, liens, mortgages, options, pledges, reservations, rights of first refusal, security interests, servitudes, statutory liens, warrants, or restrictions of any kind, including
restrictions on use, voting, transfer, alienation, receipt of income, or exercise of any other attribute of ownership, other than, with respect to the Warrants and the Debentures, restrictions on transfer pursuant to applicable insurance and
securities law. 
 (ix) “Person” means any individual, corporation, limited liability company, partnership,
limited liability partnership, trust, other unincorporated association, business or other legal entity. 
 (x)
“Replacement Capital Covenant” means the Replacement Capital Covenant of the Purchaser, dated as of October 17, 2008. 

  
 -6-

 (xi) “Replacement Capital Requirement” means the requirement that the
Purchaser have (i) satisfied the provisions under Section 2 of the Replacement Capital Covenant so as to be permitted to repurchase the Debentures or (ii) received consent of the holders of at least a majority of the then outstanding
principal amount of Covered Debt to amend, waive or terminate the Purchaser’s obligations under Replacement Capital Covenant. 
 (xii) “Warrant” means collectively (i) a warrant, issued by the Purchaser to the Warrant Seller on October 17, 2008, to purchase initially 34,806,452 shares of common stock,
$0.01 par value per share, of the Purchaser (the “Common Stock”) or, in certain circumstances, 8,701,613 shares of the Purchaser’s Series B Non-Voting Contingent Convertible Preferred Stock, par value $0.01 per share, each
initially convertible into four shares of Common Stock; and (ii) a warrant, issued by the Purchaser to the Warrant Seller on October 17, 2008, to purchase initially 34,308,872 shares of Common Stock or, in certain circumstances, 8,577,218
shares of the Purchaser’s Series C Non-Voting Contingent Convertible Preferred Stock, par value $0.01 per share, each initially convertible into four shares of Common Stock. 

(xiii) “Warrant Seller” means Allianz Finance II Luxembourg S.a.r.l., a private limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 14 Boulevard F.D. Roosevelt, L-2450 Luxembourg, having a share capital of EUR
173,711,148.60 and being registered with the Luxembourg trade and companies register (registre de commerce et des sociétés Luxembourg) under number B.128.975. 

  
 -7-

 IN WITNESS WHEREOF, this
Agreement has been duly executed and delivered by the duly authorized officers of the parties hereto as of the date first herein above written. 
  

			
	The Hartford Financial Services Group, Inc.
		
	By:	 	 /s/ Liam E. McGee

	Name:	 	Liam E. McGee
	Title:	 	Chairman, President and Chief Executive Officer
	
	Allianz SE
		
	By:	 	 /s/ Paul Achleitner

	Name:	 	Dr. Paul Achleitner
	Title:	 	Member of the Board of Management
		
	By:	 	 /s/ Stephan Theissing

	Name:	 	Stephan Theissing
	Title:	 	Group Treasurer

 [Signature Page for Warrant and Debentures Purchase Agreement] 

 Annex I: Representations and Warranties of Sellers’ Representative 

(a) Organization and Authority. Each Seller is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, is duly qualified to do business and is in good standing in all jurisdictions where its ownership or leasing of property or the conduct of its business requires it to be so qualified and where failure to be so
qualified would be reasonably expected to result in a material adverse effect on the ability of the Sellers to consummate the transactions contemplated by this Agreement (a “Seller Material Adverse Effect”). Each Seller has the
corporate or other power and authority to own its properties and assets and to carry on its business as it is now being conducted. 
 (b) Authorization, Enforceability. The Sellers’ Representative has the corporate or other power and authority to execute and deliver this Agreement and to carry out its obligations hereunder
(which includes, where applicable, the sale of the Warrants and the Debentures). The execution, delivery and performance of this Agreement by the Sellers’ Representative, and the consummation by the Sellers of the transactions contemplated by
this Agreement, are duly authorized by all necessary company action on the part of the Sellers’ Representative or the Sellers (including, to the extent required, any necessary shareholder or other owner action), and no further company approval
or authorization is required on the part of the Sellers’ Representative, any Seller or any other party for such authorization to be effective. This Agreement has been duly and validly executed and delivered by the Sellers’ Representative
and (assuming due authorization, execution and delivery by the Purchaser) is a valid and binding obligation of the Sellers’ Representative enforceable against the Sellers’ Representative in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles, regardless of whether such enforceability
is considered in a proceeding at law or in equity. 
 (c) Title to Warrants. The Warrant Seller has good and valid title
to the Warrants free and clear of all Liens, and upon the delivery of and payment for the Warrants at the First Closing as provided for in this Agreement, the Purchaser will acquire good and valid title to the Warrants, free and clear of any Liens,
other than any Lien created by the Purchaser. 
 (d) Title to Debentures. On the Closing Date for the Debenture Sale, the
Debenture Sellers will have good and valid title to the Debentures free and clear of all Liens, and upon the delivery of and payment for the Debentures at such Closing as provided for in this Agreement, the Purchaser will acquire good and valid
title to the Debentures, free and clear of any Liens, other than any Lien created by the Purchaser. 
 (e)
Non-Contravention. Neither the execution, delivery and performance by the Sellers’ Representative of this Agreement nor the consummation by the Sellers of the transactions contemplated hereby, nor compliance by the Sellers’
Representative with any of the provisions of this Agreement, will (i) violate, conflict with, or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a
default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration of, or result in the creation, of any Lien upon 

  

ANNEX I - Page 1 

 
any of the properties or assets of the Sellers’ Representative or any other Seller under any of the terms, conditions or provisions of (A) the certificate of incorporation, charter,
bylaws or other governing instruments of any Seller or (B) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which a Seller is a party or by which it may be bound, or to which a
Seller or any of the properties or assets of a Seller may be subject, or (ii) violate any law, statute, ordinance, rule or regulation, permit, concession, grant, franchise or any judgment, ruling, order, writ, injunction or decree applicable to
a Seller or any of its properties or assets except, in the case of clauses (i)(B) and (ii), for those occurrences that, individually or in the aggregate, have not had and would not be reasonably likely to have a Seller Material Adverse Effect.

 (f) Consents and Approvals. No notice to, filing with, exemption or review by, or authorization, consent or approval
of, any Governmental Authority is required to be made or obtained by any Seller in connection with the consummation by the Sellers of the transactions contemplated by this Agreement other than (i) for the avoidance of doubt, any regulatory
approvals required to be made or obtained by any of the Sellers on behalf of the Purchaser and (ii) any notices, filings, exemptions, reviews, authorizations, consent and approvals the failure of which to make or obtain would not be reasonably
likely to have a Seller Material Adverse Effect. 
 (g) Solvency. In the case of each of the Sellers (other than Sellers
licensed as insurers or reinsurers), at the date hereof and immediately following the completion of the transactions contemplated hereby (i) the present fair saleable value of the assets of such Person is not less than the amount that will be
required to pay the probable liability of such Person on its debts as they become absolute and matured, (ii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as
they become due in the normal course of business, (iii) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature, and
(iv) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute unreasonably small capital. In the case of any Sellers that are
licensed as insurers or reinsurers, such Sellers (A) are in compliance with all applicable insurance regulatory minimum capital or surplus requirements; (B) have not become subject to any “Company Action Level” pursuant to
applicable risk-based capital guidelines, and have not received notice of any pending action that would result in their becoming so subject; (C) have not taken any steps towards commencing, and have not received notice any actions taken by
relevant regulatory authorities to commence, any rehabilitation, delinquency or insolvency proceedings under applicable insurance laws in any applicable jurisdiction; (D) their assets exceed their respective total reserves, all as computed in
accordance with applicable statutory accounting principles applied consistently with past practice; and (E) they have sufficient financial resources to pay their policy liabilities and other obligations as the foregoing become due in the
ordinary course of business. 

  

ANNEX I - Page 2 

 Annex II: Representations and Warranties of the Purchaser 

(a) Organization and Authority of the Purchaser. The Purchaser is a corporation duly organized and validly existing and in good
standing under the laws of the State of Delaware, is duly qualified to do business and is in good standing in all jurisdictions where its ownership or leasing of property or the conduct of its business requires it to be so qualified and where
failure to be so qualified would be reasonably expected to result in a material adverse effect on the ability of the Purchaser to consummate the transactions contemplated by this Agreement (a “Purchaser Material Adverse Effect”).
The Purchaser has the corporate power and authority to own its properties and assets and to carry on its business as it is now being conducted. 
 (b) Authorization, Enforceability. The Purchaser has the corporate power and authority to execute and deliver this Agreement and to carry out its obligations hereunder (which includes the purchase
of the Warrants and the Debentures). The execution, delivery and performance by the Purchaser of this Agreement is, and the consummation by the Purchaser of the transactions contemplated by this Agreement, are, duly authorized by all necessary
corporate action on the part of the Purchaser (including, to the extent required, any necessary shareholder action), and no further corporate approval or authorization is required on the part of the Purchaser or any other party for such
authorization to be effective. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming due authorization, execution and delivery by the Sellers’ Representative) is a valid and binding obligation of the
Purchaser enforceable against the Purchaser in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights
generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity. 
 (c) Non-Contravention. Neither the execution, delivery and performance by the Purchaser of this Agreement nor the consummation by the Purchaser of the transactions contemplated hereby, nor
compliance by the Purchaser with any of the provisions of this Agreement, will (i) violate, conflict with, or result in a breach of any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would
constitute a default) under, or result in the termination of, or accelerate the performance required by, or result in a right of termination or acceleration of, or result in the creation of, any Lien upon any of the properties or assets of the
Purchaser or any “significant subsidiary” (“Significant Subsidiary”) within the meaning of Rule 1-02(w) of Regulation S-X under the Securities Act of 1933, as amended, under any of the terms, conditions or provisions of
(A) the Purchaser’s Amended and Restated Certificate of Incorporation (as amended by Certificate of Designations with respect to 7.25% Mandatory Convertible Preferred Stock, Series F, dated March 23, 2010, and the Certificate of
Elimination of the Series A Participating Cumulative Preferred Stock, Series D Non-Voting Contingent Convertible Preferred Stock and Fixed Rate Cumulative Perpetual Preferred Stock, Series E, dated April 26, 2010) or bylaws (or similar
governing documents) or the certificate of incorporation, charter, bylaws or other governing instrument of any Significant Subsidiary or (B) assuming, with respect to the Debenture Sale, the satisfaction of the Replacement Capital Requirement,
any note, bond, mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which the Purchaser or any Significant 

  

ANNEX II - Page 1 

 
Subsidiary is a party or by which it or any Significant Subsidiary may be bound, or to which the Purchaser or any Significant Subsidiary or any of the properties or assets of the Purchaser or any
Significant Subsidiary may be subject, or (ii) violate any law, statute, ordinance, rule or regulation, permit, concession, grant, franchise or any judgment, ruling, order, writ, injunction or decree applicable to the Purchaser or any
Significant Subsidiary or any of their respective properties or assets except, in the case of clauses (i)(B) and (ii), for those occurrences that, individually or in the aggregate, have not had and would not be reasonably likely to have a Purchaser
Material Adverse Effect. 
 (d) Consents and Approvals. No notice to, filing with, exemption or review by, or
authorization, consent or approval of, any Governmental Authority is required to be made or obtained by the Purchaser in connection with the consummation by Purchaser of the transactions contemplated by this Agreement, except for (i) notices to
insurance regulatory agencies of the applicable states which have been made or will be made prior to a relevant Closing Date, (ii) such notices or filings as may be required under the rules of the Luxembourg Stock Exchange with regard to the
Debentures, (iii) for the avoidance of doubt, any regulatory approvals required to be made or obtained by Purchaser or its subsidiaries on behalf of a Seller, and (iv) any notices, filings, exemptions, reviews, authorizations, consent and
approvals the failure of which to make or obtain would not be reasonably likely to have a Purchaser Material Adverse Effect. 

(e) Solvency. In the case of the Purchaser and its Significant Subsidiaries (other than Significant Subsidiaries licensed as
insurers or reinsurers), at the date hereof and immediately following the completion of the transactions contemplated hereby (i) the present fair saleable value of the assets of such Person is not less than the amount that will be required to
pay the probable liability of such Person on its debts as they become absolute and matured, (ii) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as they become
due in the normal course of business, (iii) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature, and (iv) such Person
is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute unreasonably small capital. In the case of any Significant Subsidiaries that are licensed as
insurers or reinsurers, such Significant Subsidiaries (A) are in compliance with all applicable insurance regulatory minimum capital or surplus requirements; (B) have not become subject to any “Company Action Level” pursuant to
applicable risk-based capital guidelines, and have not received notice of any pending action that would result in their becoming so subject; (C) have not taken any steps towards commencing, and have not received notice any actions taken by
relevant regulatory authorities to commence, any rehabilitation, delinquency or insolvency proceedings under applicable insurance laws in any applicable jurisdiction; (D) their assets exceed their respective total reserves, all as computed in
accordance with applicable statutory accounting principles applied consistently with past practice; and (E) they have sufficient financial resources to pay their policy liabilities and other obligations as the foregoing become due in the
ordinary course of business. 

  

ANNEX II - Page 2 

 Annex III – Form of Bill of Sale 

BILL OF SALE 
 This BILL OF SALE (“Bill of Sale”) is entered into as of [—], 2012 by and among [Warrant Seller or Debenture Seller], a
[jurisdiction][type of organization – LLC, corporation] (the “Seller”), [Allianz SE, a European company incorporated in the Federal Republic of Germany and the European Union (the “Sellers’
Representative”)] and The Hartford Financial Services Group, Inc., a Delaware corporation (the “Purchaser”), pursuant to the Warrant and Debentures Purchase Agreement (the “Purchase Agreement”), dated as of
March [30], 2012, by and between the Purchaser and the Sellers’ Representative, on behalf of the Sellers. Capitalized terms used but not defined herein shall have the respective meanings for such terms set forth in the Purchase Agreement.

 For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, the parties hereto hereby
agree as follows: 
 1. Sale of Assets. By this Bill of Sale, and subject to the terms of the Purchase Agreement,
(i) the Seller does hereby sell, assign, convey, transfer and deliver to the Purchaser all of its right, title and interest in and to all [Warrants][Debentures] held by the Seller, as listed on Annex A (the “Assets”), free and
clear of all Liens (other than any Lien created by the Purchaser), and (ii) the Purchaser does hereby purchase and accept from the Seller all of the Seller’s right, title and interest in and to the Assets. The Seller acknowledges receipt,
by itself or by the Sellers’ Representative on the Seller’s behalf, of the receipt of due and adequate consideration for the Assets. 
 2. Terms of the Purchase Agreement. This Bill of Sale is proof of this sale and of the receipt of the Assets listed herein and consideration therefor. Nothing contained in this Bill of Sale shall
be deemed to modify, limit, extend, add to or amend any obligation of any party under the Purchase Agreement. In the event of any conflict or inconsistency between the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement
shall govern. 
 3. Parties in Interest. This Bill of Sale shall inure to the benefit of and be binding upon the parties
hereto and their respective successors, legal representatives and permitted assigns. Nothing in this Bill of Sale shall create or be deemed to create any third party beneficiary rights in any Person not party to this Bill of Sale or to confer any
rights or remedies upon any Person other than the parties hereto. 
 4. Counterparts. This Bill of Sale may be executed
in any number of counterparts, each of which shall be deemed to be an original, and all of which together shall constitute one and the same instrument. 
 5. GOVERNING LAW. THIS BILL OF SALE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH
STATE. 
 [Signature page follows] 

  

ANNEX III - Page 1 

 IN WITNESS WHEREOF, the Parties hereto have caused this Bill of Sale to be executed by their
duly authorized representatives as of the date first written above. 
  

			
	 The Hartford Financial Services Group, Inc.,
 as Purchaser

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 [Seller],

as Seller

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 [Allianz SE,

as Sellers’ Representative

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:]	 	

  

ANNEX III - Page 2 

 Annex A 

 

			
	 Debenture Seller/Warrant Seller
	 	 [Outstanding Amount of

Debentures]/[Warrants]

		 	
		 	
		 	

  

ANNEX III - Page 3

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