Document:

EX-10.9

 Exhibit 10.9 
 MANAGEMENT SUBSCRIPTION AGREEMENT 
 (Incentive Units) 

THIS MANAGEMENT SUBSCRIPTION AGREEMENT (this “Agreement”) by and between 313 Acquisition LLC, a Delaware limited
liability company (the “Company”), and the individual named on the Master Signature Page hereto (“Executive”) is made as of the date set forth on such Master Signature Page hereto. 

WHEREAS, on the terms and subject to the conditions hereof, Executive desires to subscribe for and acquire from the Company, and the
Company desires to issue and provide to Executive, a number of the Company’s Class B Units (the “Incentive Units”), in the amount set forth on the Master Signature Page, as hereinafter set forth; 

WHEREAS, this Agreement is one of several agreements being entered into by the Company with certain persons who are or will be directors,
officers or key employees or advisors of the Company or one or more Affiliates or Subsidiaries (collectively with Executive, the “Management Investors”) as part of a management equity purchase plan designed to comply with Regulation
D or Rule 701, as applicable, promulgated under the Securities Act (as defined below); 
 NOW, THEREFORE, in order to implement
the foregoing and in consideration of the mutual representations, warranties, covenants and agreements contained herein, the parties hereto agree as follows: 
  

	1.	Definitions. 

 1.1
Affiliate. An “Affiliate” of, or Person “Affiliated” with, a specified Person shall mean a Person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control
with, the Person specified. 
 1.2 Agreement. The term “Agreement” shall have the meaning set forth in the
preface. 
 1.3 Board. The “Board” shall mean the Board of Managers of 313 Acquisition LLC. 

1.4 Cause. The term “Cause” shall have the meaning ascribed to such term in any Employment Agreement between Executive
and the Company or its Subsidiaries or Affiliates, as may be amended, modified or supplemented from time to time (the “Employment Agreement”), or if no such Employment Agreement exists, shall mean (A) the Executive’s
continued failure substantially to perform the Executive’s employment duties (other than as a result of total or partial incapacity due to physical or mental illness), (B) dishonesty in the performance of the Executive’s employment
duties, (C) an act or acts on the Executive’s part constituting (x) a felony under the laws of the United States or any state thereof or (y) a misdemeanor involving moral turpitude, (D) use, possession, sale, or purchase of
controlled substances or alcohol during working hours or on the job site or being under the influence of controlled substances or alcohol during working hours or on the job site, (E) the Executive’s willful malfeasance or willful

  
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misconduct in connection with the Executive’s employment duties or any act or omission which is or could reasonably be expected to be injurious to the financial condition or business
reputation of the Company or any of its Subsidiaries or Affiliates, (F) the Executive’s fraud or misappropriation, embezzlement or misuse of funds or property belonging to the Company or an Affiliate or (G) the occurrence of any
Restrictive Covenant Violation. 
 1.5 Closing. The term “Closing” shall mean the closing of the grant of
Incentive Units issued hereunder. 
 1.6 Closing Date. The term “Closing Date” shall be the date specified on
the Master Signature Page. 
 1.7 Code. The term “Code” means the Internal Revenue Code of 1986, as amended.

 1.8 Company. The term “Company” shall have the meaning set forth in the preface. 

1.9 Competitive Activity. Executive shall have engaged in “Competitive Activity” if Executive engages in any activity
otherwise prohibited by Appendix A after the time limitations set forth in Appendix A. 
 1.10 Cost. The term
“Cost” shall mean the price per Unit paid by Executive, if any, as proportionately adjusted for all subsequent distributions of Incentive Units and other recapitalizations and less the amount of any distributions made with respect to the
Incentive Units pursuant to the Company’s organizational documents; provided that “Cost” may not be less than zero. 
 1.11 Disability. The term “Disability” shall have the meaning ascribed to such term in Executive’s Employment Agreement, or if no Employment Agreement exists, shall mean
Executive’s inability, for a period of six (6) consecutive months or for an aggregate of twelve (12) months in any twenty-four (24) consecutive month period, to perform Executive’s employment duties as a result of Executive
becoming physically or mentally incapacitated, as determined in good faith by the Board. 
 1.12 Employee and Employment.
The term “employee” shall mean, without any inference as to negate Executive’s status as a member of the Company for all purposes hereunder (subject to the terms hereof) and for federal and other tax purposes, any employee (as defined
in accordance with the regulations and revenue rulings then applicable under Section 3401(c) of the Code) of the Company or any of its Affiliates or Subsidiaries, and the term “employment” shall include service as a part- or full-time
employee or Board member to the Company or any of its Affiliates or Subsidiaries. 
 1.13 Executive. The term
“Executive” shall have the meaning set forth in the preface. 
 1.14 Executive’s Family Group. The term
“Executive’s Family Group” shall have the meaning set forth in Section 5.1(a). 
 1.15 Fair Market Value.
The term “Fair Market Value” used in connection with the value of Incentive Units shall mean (a) if there is a public market for the equity of the Company 

  
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on the applicable date, the value for the Incentive Units shall be implied by the average of the high and low closing bid prices of such equity during the last 10 trading days on the stock
exchange on which the equity is principally trading or (b) if there is no public market for the equity, the value for the Incentive Units shall be determined by the Board in good faith after consultation with the Chief Executive Officer of the
Company (it being understood that the “Fair Market Value” of the Incentive Units shall be determined based on an equity valuation of the Company, which could then be converted formulaically into a fair market value for the Incentive Units
by reference to the application of the distribution and dissolution provisions contained in Section 5.2 of the LLC Agreement). 
 1.16 Financing Default. The term “Financing Default” shall mean an event which would constitute (or with notice or lapse of time or both would constitute) an event of default under any of
the financing documents of the Company or its Affiliates or Subsidiaries from time to time and any restrictive financial covenants contained in the organizational documents of the Company or its Affiliates or Subsidiaries. 

1.17 Incentive Units. The term “Incentive Units” shall mean the Class B Units of the Company issued pursuant to this
Agreement. 
 1.18 LLC Agreement. The term “LLC Agreement” shall mean the LLC Agreement dated as of
November 16, 2012 among the Company and its members, as it may be amended or supplemented thereafter from time to time. 

1.19 Management Investors. The term “Management Investors” shall have the meaning set forth in the preface. 

1.20 Permitted Transferee. The term “Permitted Transferee” means any Person to whom Executive transfers Incentive Units
in accordance with the LLC Agreement and the Securityholders Agreement (other than the Sponsor and the Company and their respective Affiliates and except for transfers pursuant to a Public Offering). 

1.21 Person. The term “Person” shall mean any individual, corporation, partnership, limited liability company, trust,
joint stock company, business trust, unincorporated association, joint venture, governmental authority or other entity of any nature whatsoever. 
 1.22 Public Offering. The term “Public Offering” shall have the meaning set forth in the LLC Agreement. 
 1.23 Restrictive Covenant Violation. The term “Restrictive Covenant Violation” shall mean Executive’s breach of any provision of Appendix A hereto, or of any agreement with the
Company or its Affiliates or Subsidiaries (whether currently in existence or arising in the future from time to time) containing covenants regarding non-competition, non-solicitation, non-disparagement and/or non-disclosure obligations
(collectively, “Restrictive Covenants”). 
 1.24 Securities Act. The term “Securities Act”
shall mean the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder, as the same may be amended from time to time. 

  
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 1.25 Securityholders Agreement. The term “Securityholders Agreement” shall
mean the Securityholders Agreement dated as of November 16, 2012 among the Sponsor, the Management Investors and the Company, as it may be amended or supplemented thereafter from time to time. 

1.26 Sponsor. The term “Sponsor” means The Blackstone Group, L.P. 

1.27 Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity
with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors
(or comparable governing body) of such entity. 
 1.28 Termination Date. The term “Termination Date” means the
date upon which Executive’s employment with the Company or its Affiliates or Subsidiaries is terminated for any reason (including death or Disability). 
 1.29 Unvested Incentive Units. The term “Unvested Incentive Units means, with respect to Executive’s Incentive Units, the number of such Incentive Units that are not “Vested
Incentive Units”. 
 1.30 Vested Incentive Units. The term “Vested Incentive Units” shall mean, with
respect to an Executive’s Incentive Units, the number of such Incentive Units that are vested and nonforfeitable, as determined in accordance with Schedules A-1, A-2 and A-3 attached hereto. 

 

	2.	Subscription for Incentive Units. 

2.1 Grant of Incentive Units. Pursuant to the terms and subject to the conditions set forth in this Agreement, Executive hereby
subscribes for, and the Company hereby agrees to issue to Executive on the Closing Date, the number of Incentive Units set forth on the Master Signature Page in exchange for services performed for the Company, an Affiliate, or a Subsidiary by
Executive, and subject to vesting in accordance with Schedules A-1, A-2 and A-3 attached hereto. 
 2.2 The Closing. The
Closing of the grant of Incentive Units hereunder shall take place on the Closing Date. 
 2.3 Section 83(b)
Election. Within 10 days after the Closing, Executive shall provide the Company with a copy of a completed election with respect to the Incentive Units subscribed for at the Closing under Section 83(b) of the Code, and the regulations
promulgated thereunder in the form attached to the Master Signature Page hereto. Executive shall file (via certified mail, return receipt requested) such election with the Internal Revenue Service and shall thereafter notify the Company it has made
such timely filings. Executive should consult his or her tax advisor regarding the consequences of Section 83(b) elections, as well as the receipt, vesting, holding and sale of Incentive Units. 

2.4 Closing Conditions. Notwithstanding anything in this Agreement to the contrary, the Company shall be under no obligation to
issue, sell or grant to Executive any Incentive Units 

  
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unless (i) Executive is an employee of, or consultant to, the Company or one of its Affiliates or Subsidiaries on the Closing Date; (ii) the representations of Executive contained in
Section 3 hereof are true and correct in all material respects as of the Closing Date and (iii) Executive is not in breach of any agreement, obligation or covenant herein required to be performed or observed by Executive on or prior to the
Closing Date. 
  

	3.	Investment Representations and Covenants of Executive. 

 3.1 Incentive Units Unregistered. Executive acknowledges and represents that Executive has been advised by the Company that: 
 (a) the offer and sale of the Incentive Units have not been registered under the Securities Act; 
 (b) the Incentive Units must be held indefinitely and Executive must continue to bear the economic risk of the investment in the Incentive Units unless the offer and sale of such Incentive Units are
subsequently registered under the Securities Act and all applicable state securities laws or an exemption from such registration is available (or as otherwise provided in the LLC Agreement or the Securityholders Agreement); 

(c) there is no established market for the Incentive Units and it is not anticipated that there will be any public market for the
Incentive Units in the foreseeable future; 
 (d) a restrictive legend in the form set forth below and such as may be determined
by the Company pursuant to the LLC Agreement shall be placed on the certificates, if any, representing the Incentive Units: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN REPURCHASE OPTIONS AND OTHER PROVISIONS SET FORTH IN A
MANAGEMENT SUBSCRIPTION AGREEMENT WITH THE ISSUER, AS AMENDED AND MODIFIED FROM TIME TO TIME, A COPY OF WHICH MAY BE OBTAINED BY THE HOLDER HEREOF AT THE ISSUER’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE”; and 

(e) a notation shall be made in the appropriate records of the Company indicating that the Incentive Units are subject to restrictions on
transfer and, if the Company should at some time in the future engage the services of a securities transfer agent, appropriate stop-transfer instructions will be issued to such transfer agent with respect to the Incentive Units. 

 

	4.	Additional Investment Representations. Executive represents and warrants that: 

(a) Executive’s financial situation is such that Executive can afford to bear the economic risk of holding the Incentive Units for an
indefinite period of time, has adequate means for providing for Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of Executive’s investment in the Incentive Units; 

  
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 (b) Executive’s knowledge and experience in financial and business matters are such
that Executive is capable of evaluating the merits and risks of the investment in the Incentive Units; 
 (c) Executive
understands that the Incentive Units are a speculative investment which involves a high degree of risk of loss of Executive’s investment therein, there are substantial restrictions on the transferability of the Incentive Units and, on the
Closing Date and for an indefinite period following the Closing, there will be no public market for the Incentive Units and, accordingly, it may not be possible for Executive to liquidate Executive’s investment in case of emergency, if at all;

 (d) the terms of this Agreement provide that if Executive ceases to be an employee of the Company or its Affiliates or
Subsidiaries, the Company shall have the right to repurchase the Incentive Units at a price which may, under certain circumstances, be less than the Fair Market Value thereof; 
 (e) The Company and its Affiliates and Subsidiaries are not obligated to employ Executive in any capacity whatsoever, or prohibited or restricted from terminating the employment of Executive at any time
or for any reason whatsoever, with or without Cause; 
 (f) Executive understands and has taken cognizance of all the risk
factors related to the purchase of the Incentive Units and, other than as set forth in this Agreement, no representations or warranties have been made to Executive or Executive’s representatives concerning the Incentive Units or the Company or
their prospects or other matters; 
 (g) Executive has been given the opportunity to examine all documents and to ask questions
of, and to receive answers from, the Company and its representatives concerning the Company and its Subsidiaries, the LLC Agreement, the Securityholders Agreement, the Company’s organizational documents and the terms and conditions of the
purchase of the Incentive Units and to obtain any additional information which Executive deems necessary; 
 (h) all information
which Executive has provided to the Company and its representatives concerning Executive and Executive’s financial position is complete and correct as of the date of this Agreement; and 

(i) Executive is or is not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on
the Master Signature Page. 
 4.2 Other Representations. Executive acknowledges that the Sponsor and its Affiliates may,
from time to time, provide services to the Company and its Affiliates or Subsidiaries for which a fee will be paid by the Company or its Affiliates or Subsidiaries to the Sponsor or its Affiliates, including an annual monitoring/advisory fee.

  

	5.	Certain Sales and Forfeitures Upon Termination of Employment. 

 5.1 Put Option. 

  
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 (a) Prior to a Public Offering, if Executive’s Employment is terminated
(x) due to the death of Executive or (y) by the Company and its Affiliates and Subsidiaries as a result of the Disability of Executive, then Executive and Executive’s Permitted Transferees (hereinafter sometimes collectively referred
to as the “Executive’s Family Group”) shall have the right, subject to the provisions of Section 6 hereof, for 180 days following the date that is 210 days after the Termination Date, to sell to the Company (the “Put
Right”), and the Company shall be required to purchase (subject to the provisions of Section 6 hereof), on one occasion from each member of Executive’s Family Group, all (but not less than all) of the number of Vested Incentive Units
then held by Executive’s Family Group that equals all such Vested Incentive Units collectively held by Executive’s Family Group at a price per Vested Incentive Unit equal to Fair Market Value of such Vested Incentive Units (measured as of
the date that the relevant election to purchase such Incentive Units is delivered (the “Repurchase Notice Date”)). In order to exercise its rights with respect to the Vested Incentive Units pursuant to this Section 5.1(a),
Executive’s Family Group shall also be required to simultaneously exercise any similar rights it may have with respect to any other Incentive Units of the Company held by Executive’s Family Group in accordance with the terms of the
agreements pursuant to which such other Incentive Units were acquired from the Company. 
 (b) If Executive’s Family Group
desires to exercise the Put Right, the members of Executive’s Family Group shall send one written notice to the Company setting forth such members’ intention to collectively sell all of their Vested Incentive Units pursuant to Section
5.1(a), which notice shall include the signature of each member of Executive’s Family Group. Subject to the provisions of Section 6.1, the closing of the purchase shall take place at the principal office of the Company on a date specified by
the Company no later than the 60th day after the giving of such notice. 
 5.2 Call Option. 

(a) If Executive’s Employment terminates for any reason or in the event of a Restrictive Covenant Violation or Executive’s
engaging in a Competitive Activity, the Company shall have the right and option, but not the obligation, to purchase any or all of the Vested Incentive Units and Unvested Incentive Units of Executive and Executive’s Family Group, during either
of the one-year periods following each of (x) the Termination Date, (y) the date on which a Restrictive Covenant Violation or Competitive Activity occurs (or, if later, the date on which the Board has actual knowledge thereof) or
(z) the date that is six (6) months and one day after the date on which the Executive became fully vested in the applicable Incentive Units for accounting purposes (or, in the case of either clause (x) or (y), such later date as is
necessary in order to avoid the application of adverse accounting treatment to the Company) (the “Call Option”), in each case, at a price per Incentive Unit determined as follows (it being understood that if Incentive Units subject
to repurchase hereunder may be repurchased at different prices, the Company may elect to repurchase only the portion of the Incentive Units subject to repurchase hereunder at the lower price): 

(i) Death or Disability. If Executive’s employment with the Company or its Affiliates or Subsidiaries is
terminated (x) due to the death of Executive or (y) by the Company or its Affiliates or Subsidiaries as a result of the Disability of Executive, then: 

  
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 (A) the purchase price per Vested Incentive Unit will be Fair Market Value
(measured as of the Repurchase Notice Date); and 
 (B) the purchase price per Unvested Incentive Unit will be
the lesser of (1) Fair Market Value (measured as of the Repurchase Notice Date) and (2) Cost; 
 (ii)
Termination with Cause; Resignation when Grounds Exist for Cause; Early Resignation. If Executive’s employment with the Company and its Affiliates and Subsidiaries is terminated (x) by the Company or any of its Subsidiaries with
Cause, (y) by Executive at a time when grounds exist for a termination with Cause, or (z) by Executive prior to November 16, 2014 (or, if Executive commences employment after November 16, 2012, prior to the second anniversary of
Executive’s date of hire), then the purchase price per Incentive Unit (whether a Vested Incentive Unit or an Unvested Incentive Unit) will be the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and
(B) Cost; 
 (iii) Termination without Cause; Other Resignation. If Executive’s employment with
the Company and its Affiliates and Subsidiaries is terminated (x) by the Company without Cause or (y) by Executive under circumstances where Sections 5.2(a)(i) and 5.2(a) (ii) do not apply, then the purchase price per Incentive Unit
will be: 
 (A) for Vested Incentive Units, Fair Market Value (measured as of the Repurchase Notice Date); and

 (B) for Unvested Incentive Units, the lesser of (a) Fair Market Value (measured as of the Repurchase
Notice Date) and (b) Cost. 
 (iv) Restrictive Covenant Violation. If a Restrictive Covenant
Violation occurs, then the purchase price per Incentive Unit (whether a Vested Incentive Unit or an Unvested Incentive Unit) will be the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and (B) Cost; and

 (v) Competitive Activity. In the event Executive engages in Competitive Activity not constituting a
Restrictive Covenant Violation, then the purchase price per Incentive Unit will be Fair Market Value (measured as of the Repurchase Notice Date). 
 The Call Option (except in the case of any event described in Sections 5.2(a)(ii) and 5.2(a)(iv)) shall expire upon the occurrence of an IPO. 

(b) (i) If Executive’s employment with the Company or any of its Affiliates or Subsidiaries is terminated for any reason, all
Unvested Incentive Units will be forfeited (or, to the extent a forfeiture is not permissible under applicable law for any reason, the Unvested Incentive Units shall be subject to the Call Option in Section 5.2(a) applicable to Unvested Incentive
Units in the case of the applicable termination event), with the purchase price per Unvested Incentive Unit equal to the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and (B) Cost). 

  
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 (c) If the Company desires to exercise the Call Option pursuant to this Section 5.2, the
Company shall, not later than the expiration of the period set forth in Section 5.2(a) send written notice to each member of Executive’s Family Group of its intention to purchase Incentive Units, specifying the number of Incentive Units to be
purchased (the “Call Notice”). Subject to the provisions of Section 6, the closing of the purchase shall take place at the principal office of the Company on a date specified by the Company no later than the 30th day after the
giving of the Call Notice. 
 (d) Notwithstanding the foregoing, if the Company elects not to exercise the Call Option pursuant
to this Section 5.2, the Sponsor may, or may elect to cause one of its Affiliates or another designee to purchase such Incentive Units at any time on the same terms and conditions set forth in this Section 5.2 by providing written notice to each
member of Executive’s Family Group of its intention to purchase Incentive Units. 
 5.3 Obligation to Sell Several.
If there is more than one member of Executive’s Family Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the purchases
from such other members by the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member. 
  

	6.	Certain Limitations on the Company’s Obligations to Purchase Incentive Units. 

6.1 Deferral of Purchases. 
 (a) Notwithstanding anything to the contrary contained herein, the Company shall not be obligated to purchase any Incentive Units at any time pursuant to Section 5, regardless of whether it has
delivered a Call Notice or received a Put Notice, (i) to the extent that the purchase of such Incentive Units would result in (A) a violation of any law, statute, rule, regulation, policy, order, writ, injunction, decree or judgment
promulgated or entered by any federal, state, local or foreign court or governmental authority applicable to the Company or any of its Affiliates or Subsidiaries or any of its or their property, or (B) after giving effect thereto, a Financing
Default; (ii) if immediately prior to such purchase there exists a Financing Default which prohibits such purchase; or (iii) to the extent that there is a lack of available cash on hand of the Company. The Company shall, within fifteen
(15) days of learning of any such fact, so notify Executive that it is not obligated to purchase hereunder. 
 (b)
Notwithstanding anything to the contrary contained herein, any Incentive Units which the Company elects or is required to purchase, but which in accordance with Section 6.1 are not purchased at the applicable time provided in Section 5, shall be
purchased by the Company (x) by delivery of a promissory note for the applicable purchase price payable at such time as would not result in a Financing Default, bearing interest at the prime lending rate in effect as of the date of the exercise
of the call right or at the Applicable Federal Rate at such time, if greater; or (y) if purchase by delivery of a promissory note as described in clause (x) is not permitted due to the terms of any outstanding Company indebtedness, or
otherwise, then, for the applicable purchase price (measured as of the actual purchase date) on or prior to the fifteenth (15th) day after such date or dates that the purchase of such Incentive Units are no longer prohibited under Section
6.1(a) and the Company shall give Executive five (5) days’ prior notice of any such purchase. 

  
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 6.2 Payment for Incentive Units. If at any time the Company elects or is required to
purchase any Incentive Units pursuant to Section 5.1, the Company shall pay the purchase price for the Incentive Units it purchases (i) first, by the cancellation of any indebtedness, if any, owing from Executive to the Company or any of its
Affiliates or Subsidiaries (which indebtedness shall be applied pro rata against the proceeds receivable by each member of Executive’s Family Group receiving consideration in such repurchase) and (ii) then, by the Company’s delivery
of a check or wire transfer of immediately available funds for the remainder of the purchase price, if any, against delivery of the certificates or other instruments, if any, representing the Incentive Units so purchased, duly endorsed; provided
that if (x) any of the conditions set forth in Section 6.1 exists or (y) such purchase of Incentive Units would result in a Financing Default, in each case which prohibits such cash payment (either directly or indirectly as a result of the
prohibition of a related cash dividend or distribution) (each a “Cash Payment Restriction”), the portion of the cash payment so prohibited may be made, to the extent such payment is not prohibited, by the Company’s delivery of
a junior subordinated promissory note (which shall be subordinated and subject in right of payment to the prior payment of any debt outstanding under the senior financing agreements and any modifications, renewals, extensions, replacements and
refunding of all such indebtedness) of the Company (a “Junior Subordinated Note”) in a principal amount equal to the balance of the purchase price, payable within ten (10) days after the Cash Payment Restriction no longer
exists, and bearing interest payable (and compounded to the extent not so paid) as of the last day of each year at the “prime rate” as published for JP Morgan Chase Bank from time to time, and all such accrued and unpaid interest payable
on the date of the payment of principal (or, if applicable, the last installment of principal), with payments to be applied in the order of: first to any enforcement costs incurred by Executive or Executive’s Family Group, second to interest
and third to principal. The Company shall have the rights set forth in clause (i) of the first sentence of this Section 6.2 whether or not the member of Executive’s Family Group selling such Incentive Units is an obligor of the Company.
The principal of, and accrued interest on, any such Junior Subordinated Note may be prepaid in whole or in part at any time at the option of the Company. To the extent that the Company is prohibited from paying accrued interest, that is required to
be paid on any Junior Subordinated Note prior to maturity, due to the existence of any Cash Payment Restriction, such interest shall be cumulated, compounded annually, and accrued until and to the extent that such Cash Payment Restriction no longer
exists, at which time such accrued interest shall be immediately paid. Notwithstanding any other provision in this Agreement, the Company may elect to pay the purchase price hereunder in shares or other equity securities of one of its Subsidiaries
with a fair market value equal to the applicable purchase price, provided that such Subsidiary promptly repurchases such shares or other equity securities for cash equal to the applicable purchase price or a Junior Subordinated Note with a principal
amount equal to the applicable purchase price. 
 6.3 Repayment of Proceeds. If the Company or any Subsidiary or
Affiliate terminates Executive’s employment for Cause or a Restrictive Covenant Violation occurs, or the Company discovers after any termination of employment that grounds for a termination with Cause existed at the time thereof, then Executive
shall be required to pay to the Company, within ten (10) business days’ of the Company’s request to Executive therefor, an amount equal to the excess, if 

  
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any, of (A) the aggregate after-tax proceeds (taking into account all amounts of tax that would be recoverable upon a claim of loss for payment of such proceeds in the year of repayment)
Executive or any of Executive’s Permitted Transferees received upon the sale or other disposition of, or distributions in respect of, Executive’s Incentive Units over (B) the aggregate Cost for such Incentive Units. Any reference in
this Agreement to grounds existing for a termination for Cause shall be determined after application of any notice period, cure period or other procedural delay or event required prior to finding of, or termination for, Cause. The foregoing remedy
shall not be exclusive. 
  

	7.	Restrictive Covenants (Appendix A). 

 Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and accordingly agrees, in Executive’s capacity as an investor and equity holder in the Company
and its Affiliates and Subsidiaries, to the Restrictive Covenants contained in Appendix A to this Agreement and/or incorporated herein by reference. Executive acknowledges and agrees that the Company’s remedies at law for an actual or
threatened breach of any of the provisions of Appendix A would be inadequate and the Company would suffer irreparable damages as a result of such breach or threatened breach. In recognition of this fact, Executive agrees that, in the event of such a
breach or threatened breach by Executive, regardless of whether a transfer of Incentive Units to a Permitted Transferee has occurred and in addition to any remedies at law, the Company, without posting any bond, shall be entitled to cease making any
payments or providing any benefit otherwise required by this Agreement and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be
available. 
  

	8.	Miscellaneous. 

 8.1
Transfers. Prior to the transfer of Incentive Units to a Permitted Transferee, Executive shall deliver to the Company a written agreement of the proposed transferee (a) evidencing such Person’s undertaking to be bound by the terms
of this Agreement and (b) acknowledging that the Incentive Units transferred to such Person will continue to be Incentive Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Incentive Units in
violation of any provision of this Agreement or the Securityholders Agreement shall be void, and the Company shall not record such transfer on its books or treat any purported transferee of such Incentive Units as the owner of such Incentive Units
for any purpose. 
 8.2 Recapitalizations, Exchanges, Etc., Affecting Incentive Units. The provisions of this Agreement
shall apply, to the full extent set forth herein with respect to Incentive Units, and to any and all (i) securities of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which
may be issued in respect of, in exchange for, or in substitution of the Incentive Units, by reason of any dividend payable in Incentive Units, issuance of Incentive Units, combination, recapitalization, reclassification, merger, consolidation or
otherwise and (ii) securities of any Affiliate or Subsidiary of the Company or any of its or their successors or assigns (whether by merger, consolidation, sale of assets or otherwise) upon distribution of such securities to any holder of
Co-Investment Units by reason of any dividend to such holder paid in such securities. 

  
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 8.3 Executive’s Employment by the Company. Nothing contained in this Agreement
shall be deemed to obligate the Company or any Affiliate or Subsidiary of the Company to employ Executive in any capacity whatsoever or to prohibit or restrict the Company (or any Affiliate or Subsidiary) from terminating the employment of Executive
at any time or for any reason whatsoever, with or without Cause. 
 8.4 Cooperation. Executive agrees to cooperate with
the Company in taking action reasonably necessary to consummate the transactions contemplated by this Agreement. 
 8.5
Binding Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns; provided, however, that no Transferee shall
derive any rights under this Agreement unless and until such Transferee has executed and delivered to the Company a valid undertaking and becomes bound by the terms of this Agreement; and provided further that the Sponsor is a third party
beneficiary of this Agreement and shall have the right to enforce the provisions hereof. 
 8.6 Amendment; Waiver. This
Agreement may be amended only by a written instrument signed by the parties hereto. No waiver by any party hereto of any of the provisions hereof shall be effective unless set forth in a writing executed by the party so waiving 

8.7 Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
Delaware applicable to contracts made and performed wholly within the state of Delaware (except that the provisions of Section 1 of Appendix A shall be governed by the law of the state where Executive is principally employed by the Company or
the applicable Affiliate or Subsidiary or, if the Executive and any of the Company or any Affiliate or Subsidiary are party to an Employment Agreement, the law of the state that governs such an Employment Agreement), without giving effect to the
conflict of law provisions that would direct the application of the law of any other jurisdiction. Any suit, action or proceeding with respect to this Agreement, or any judgment entered by any court in respect of any thereof, shall be brought
exclusively in any court of competent jurisdiction in Salt Lake City, Utah, and each of the Company and the members of Executive’s Family Group hereby submits to the exclusive jurisdiction of such courts for the purpose of any such suit,
action, proceeding or judgment. Each of the members of Executive’s Family Group and the Company hereby irrevocably waives (i) any objections which it may now or hereafter have to the laying of the venue of any suit, action or proceeding
arising out of or relating to this Agreement brought in any court of competent jurisdiction in Salt Lake City, Utah, (ii) any claim that any such suit, action or proceeding brought in any such court has been brought in any inconvenient forum
and (iii) any right to a jury trial. 
 8.8 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three postal delivery days after it has been mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the
respective addresses set forth below in this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt.

  
 12 

 If to the Company: 
 Vivint, Inc. 
 c/o 313 Acquisition LLC 

4931 North 300 West 
 Provo, Utah 84604 
 Attention: President 

with a copy to the attention of the General Counsel, and 
 with copies (which shall not constitute notice) to: 
 313 Acquisition LLC

 4931 North 300 West 
 Provo, Utah 84604 
 Attention: President 

with a copy to the attention of the General Counsel, 
 and 
 The Blackstone Group, L.P. 

345 Park Avenue 

New York, NY 10152 
 Attention: Peter Wallace 
 and 

Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue 
 New York, NY 10017 

Attention: Gregory T. Grogan 

Following the date hereof, notice may be delivered to either party at such other address as either party hereto may hereafter designate in writing to the
other. Any such notice shall be deemed effective upon receipt thereof by the addressee. 
 8.9 Integration. This Agreement
and the documents referred to herein or delivered pursuant hereto which form a part hereof, including the Restrictive Covenants, contain the entire understanding of the parties with respect to the subject matter hereof and thereof, provided that if
the Company or its Affiliates is a party to one or more agreements with Executive related to the matters subject to Section 7 and Appendix A, such other agreements shall remain in full force and effect and continue in addition to this Agreement and
nothing in this Agreement or incorporated by reference shall supersede or replace any other confidentiality, non-competition, non-solicitation, non-disparagement or similar agreement entered into between the Executive and the Company (or any
subsidiary or Affiliate) to the extent that such agreement is more protective of the business of the Company or any subsidiary or Affiliate), and provided, further, that to the 

  
 13 

 
extent the Executive is party to any agreement that would, by its terms, vary the terms of this Agreement (other than with respect to the matters subject to Section 7 hereof) or provide
more favorable rights and remedies to the Executive, such terms will be deemed amended and shall not apply to the Incentive Units acquired herein. There are no restrictions, agreements, promises, representations, warranties, covenants or
undertakings with respect to the subject matter hereof other than those expressly set forth herein and therein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter, other than as
specifically provided for herein. 
 8.10 Counterparts. This Agreement may be signed in counterparts, including
electronic counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 8.11 Injunctive Relief. Executive and Executive’s Permitted Transferees each acknowledges and agrees that a violation of any of the terms of this Agreement will cause the Company and its
Affiliates irreparable injury for which adequate remedy at law is not available. Accordingly, it is agreed that the Company shall be entitled to an injunction, restraining order or other equitable relief to prevent breaches of the provisions of this
Agreement and to enforce specifically the terms and provisions hereof in any court of competent jurisdiction in the United States or any state thereof, in addition to any other remedy to which it may be entitled at law or equity. 

8.12 Rights Cumulative; Waiver. The rights and remedies of Executive and the Company and/or its Affiliates under this Agreement
shall be cumulative and not exclusive of any rights or remedies which either would otherwise have hereunder or at law or in equity or by statute, and no failure or delay by either party in exercising any right or remedy shall impair any such right
or remedy or operate as a waiver of such right or remedy, nor shall any single or partial exercise of any power or right preclude such party’s other or further exercise or the exercise of any other power or right. The waiver by any party hereto
of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by either party to exercise any right or privilege hereunder shall be deemed a waiver of such
party’s rights or privileges hereunder or shall be deemed a waiver of such party’s rights to exercise the same at any subsequent time or times hereunder. 
 *    *    *    *    * 

  
 14 

  *    *    *    *    * 
 This Management Subscription Agreement between the 
 Company and the
Executive named on the Master Signature 
 Page hereto is dated and executed as of the date set forth on

 such Master Signature Page. 

*    *    *    *    *

 Schedule A-1 
 Time-Vesting Incentive Units 
 1. With regard to one-third (1/3) of the
Incentive Units (the “Time-Vesting Incentive Units”) granted hereunder, the percentage of such Incentive Units that will be Vested Incentive Units in respect of a Termination Date occurring: 

 

	 	•	 	 prior to the first anniversary of the later of (a) November 16, 2012 or (b) the date on which Executive commenced employment with the
Company or its Subsidiaries (the later of such dates, the “Vesting Reference Date”), will be 0%; 

  

	 	•	 	 on or after the first anniversary of the Vesting Reference Date, but prior to the second anniversary of the Vesting Reference Date, will be 20%;

  

	 	•	 	 on or after the second anniversary of the Vesting Reference Date, but prior to the third anniversary of the Vesting Reference Date, will be 40%;

  

	 	•	 	 on or after the third anniversary of the Vesting Reference Date, but prior to the fourth anniversary of the Vesting Reference Date, will be 60%;

  

	 	•	 	 on or after the fourth anniversary of the Vesting Reference Date, but prior to the fifth anniversary of the Vesting Reference Date, will be 80%;

  

	 	•	 	 on or after the fifth anniversary of the Vesting Reference Date, will be 100%. 

2. Notwithstanding the foregoing, immediately prior to and following the occurrence of a Change of Control (as defined in the Securityholders Agreement)
that occurs prior to the Termination Date, 100% of the Time-Vesting Incentive Units that are Unvested Incentive Units shall become Vested Incentive Units. 
 3. Any Time-Vesting Incentive Units that are Unvested Incentive Units on the Termination Date shall be immediately forfeited by Executive (or to the extent a forfeiture is not permissible under applicable
law for any reason, the Unvested Incentive Units shall be subject to the Call Option in Section 5.2 applicable to Unvested Incentive Units in the case of the applicable termination event, with the purchase price per Unvested Incentive unit equal to
the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and (B) Cost). 

  
 1 

 Schedule A-2 
 2.0x Exit-Vesting Incentive Units 
 1. One-third (1/3) of the Incentive Units
(the “2.0x Exit-Vesting Incentive Units”) will initially be Unvested Incentive Units. 
 2. The 2.0x Exit-Vesting Incentive
Units shall become Vested Incentive Units at such time, prior to a Termination Date, that the Sponsor and its Affiliates shall have received cash proceeds in respect of the Sponsor’s investment in the Class A Units of the Company (the
“Class A Units”) held from time to time by the Sponsor in an amount necessary to ensure both (x) a return equal to 2.0 times the Sponsor’s cumulative invested capital in respect of the Class A Units, and
(y) an annual internal rate of return of at least 20% on the Sponsor’s cumulative invested capital in respect of the Class A Units. 
 3. Any 2.0x Exit-Vesting Incentive Units that are Unvested Incentive Units following the Termination Date shall be immediately forfeited by Executive (or, to the extent a forfeiture is not permissible
under applicable law for any reason, the Unvested Incentive Units shall be subject to the Call Option in Section 5.2 applicable to Unvested Incentive Units in the case of the applicable termination event, with the purchase price per Unvested
Incentive Unit equal to the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and (B) Cost). 

  
 2 

 Schedule A-3 
 3.0x Exit-Vesting Incentive Units 
 1. One-third (1/3) of the Incentive Units
(the “3.0x Exit-Vesting Incentive Units”) will initially be Unvested Incentive Units. 
 2. The 3.0x Exit-Vesting Incentive
Units shall become Vested Incentive Units at such time, prior to a Termination Date, that the Sponsor and its Affiliates shall have received cash proceeds in respect of the Sponsor’s investment in the Class A Units held from time to time
by the Sponsor in an amount necessary to ensure both (x) a return equal to 3.0 times the Sponsor’s cumulative invested capital in respect of the Class A Units, and (y) an annual internal rate of return of at least 25% on
the Sponsor’s cumulative invested capital in respect of the Class A Units. 
 3. Any 3.0x Exit-Vesting Incentive Units that are
Unvested Incentive Units following the Termination Date shall be immediately forfeited by Executive (or, to the extent a forfeiture is not permissible under applicable law for any reason, the Unvested Incentive Units shall be subject to the Call
Option in Section 5.2 applicable to Unvested Incentive Units in the case of the applicable termination event, with the purchase price per Unvested Incentive Unit equal to the lesser of (A) Fair Market Value (measured as of the Repurchase Notice
Date) and (B) Cost). 

  
 1 

 Appendix A 

Restrictive Covenants 
 1. Non-Competition; Non-Solicitation; Non-Disparagement. 
 (a) Executive
acknowledges and recognizes the highly competitive nature of the businesses of the Company and its Affiliates and Subsidiaries, and accordingly agrees as follows: 

(i) During Executive’s employment with the Company or its Affiliates or Subsidiaries (the “Employment
Term”) and for a period of one year following the date Executive ceases to be employed by the Company or its Affiliates or Subsidiaries (the “Restricted Period”), Executive will not, whether on Executive’s own behalf
or on behalf of or in conjunction with any person, firm, partnership, joint venture, association, corporation or other business organization, entity or enterprise whatsoever (for the purposes of this Appendix A, a “Person”),
directly or indirectly solicit or assist in soliciting the business of any then-current or prospective client or customer of any member of the Restricted Group in competition with the Restricted Group in the Business. 

(ii) During the Restricted Period, Executive will not directly or indirectly: 

(A) engage in the Business anywhere in the United States, or in any geographical area that is within 100 miles of any
geographical area where the Restricted Group engages in the Business, including, for the avoidance of doubt, by entering into the employment of or rending any services to a Core Competitor, except where such employment or services do not relate in
any manner to the Business; 
 (B) acquire a financial interest in, or otherwise become actively involved with,
any Person engaged in the Business, directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant; or 

(C) intentionally and adversely interfere with, or attempt to adversely interfere with, business relationships between the
members of the Restricted Group and any of their clients, customers, suppliers, partners, members or investors. 

(iii) Notwithstanding anything to the contrary in this Appendix A, Executive may, directly or indirectly own, solely as an
investment, securities of any Person engaged in a Business (including, without limitation, a Core Competitor) which are publicly traded on a national or regional stock exchange or on the over-the-counter market if Executive (i) is not a
controlling person of, or a member of a group which controls, such person and (ii) does not, directly or indirectly, own 2% or more of any class of securities of such Person. 

  
 Appendix A-1

 (iv) During the Employment Term and the Restricted Period, Executive will
not, whether on Executive’s own behalf or on behalf of or in conjunction with any Person, directly or indirectly: 
 (A) solicit or encourage any employee of the Restricted Group to leave the employment of the Restricted Group; 
 (B) hire any executive-level employee, key personnel, or manager-level employee (i.e., any operations manager or district sales manager) who was employed by the Restricted Group as of the date of
Executive’s termination of employment with the Company or who left the employment of the Restricted Group coincident with, or within one year prior to or after, the termination of Executive’s employment with the Company; or 

(C) encourage any consultant of the Restricted Group to cease working with the Restricted Group. 

(v) For purposes of this Agreement: 

(A) “Restricted Group” shall mean, collectively, the Company and its subsidiaries and, to the extent
engaged in the Business, their respective Affiliates (including The Blackstone Group L.P. and its Affiliates). 

(B) “Business” shall mean (1) origination, installation, or monitoring services related to
residential or commercial security, life-safety, energy management or home automation services, (2) installation or servicing of residential or commercial solar panels or sale of electricity generated by solar panels, (3) design,
engineering or manufacturing of technology or products related to residential or commercial security, life-safety, energy management or home automation services and/or (4) provision of television, wireless voice and/or data services, including
internet, through a common internet connectivity pipeline into the home. 
 (C) “Core
Competitor” shall mean ADT Security Services/Tyco Integrated Security, Security Networks, LLC, Protection 1, Inc., Protect America, Inc., Stanley Security Solutions, Inc., Vector Security, Inc., Slomins, Inc., Monitronics International,
Inc., Life Alert, Comcast Corporation, Time Warner, Inc., AT&T Inc., Verizon Communications, Inc., DISH Network Corp., DIRECTV, Pinnacle, JAB Wireless, Inc., Clearwire Corporation, CenturyLink, Inc., Cox Communication, Inc. and any of their
respective Affiliates and current or future dealers, and Sungevity, Inc., RPS, Sunrun Inc., Solar City Corporation, Clean Power Finance, SunPower Corporation, Corbin Solar Solutions LLC, Galkos Construction, Inc., Zing Solar, Terrawatt, Inc., and
any of their respective Affiliates or current or future dealers. 

  
 Appendix A-2

 (vi) Notwithstanding the foregoing, if Executive’s principal place of
employment is located in California, then the provisions of Sections 1(a)(i) and 1(a)(ii) of this Appendix A shall not apply following Executive’s termination of employment to the extent any such provision is prohibited by applicable California
law. 
 (b) During the Employment Term and the three-year period beginning immediately following the Employment Term, Executive
agrees not to make, or cause any other person to make, any communication that is intended to criticize or disparage, or has the effect of criticizing or disparaging, the Company or any of its affiliates, agents or advisors (or any of its or their
respective employees, officers or directors (it being understood that comments made in Executive’s good faith performance of his duties hereunder shall not be deemed disparaging or defamatory for purposes of this Agreement). Nothing set forth
herein shall be interpreted to prohibit Executive from responding truthfully to incorrect public statements, making truthful statements when required by law, subpoena or court order and/or from responding to any inquiry by any regulatory or
investigatory organization. 
 (c) It is expressly understood and agreed that although Executive and the Company consider the
restrictions contained in this Section 1 to be reasonable, if a final judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Appendix A is an unenforceable
restriction against Executive, the provisions of this Appendix A shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to
be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Appendix A is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the
enforceability of any of the other restrictions contained herein. 
 (d) The period of time during which the provisions of this
Section 1 shall be in effect shall be extended by the length of time during which Executive is in breach of the terms hereof as determined by any court of competent jurisdiction on the Company’s application for injunctive relief.

 (e) The provisions of Section 1 hereof shall survive the termination of Executive’s employment for any reason.

 2. Confidentiality; Intellectual Property. 
 (a) Confidentiality. 
 (i) Executive will not at any time
(whether during or after Executive’s employment with the Company) (x) retain or use for the benefit, purposes or account of Executive or any other Person; or (y) disclose, divulge, reveal, communicate, share, transfer or provide
access to any Person outside the Company (other than Executive’s professional advisers who are bound by confidentiality obligations or otherwise in performance of Executive’s duties under Executive’s employment and pursuant to
customary industry practice), any non-public, proprietary or confidential information — including without limitation trade secrets, know-how, research and development, 

  
 Appendix A-3

 
software, databases, inventions, processes, formulae, technology, designs and other intellectual property, information concerning finances, investments, profits, pricing, costs, products,
services, vendors, customers, clients, partners, investors, personnel, compensation, recruiting, training, advertising, sales, marketing, promotions, government and regulatory activities and approvals — concerning the past, current or future
business, activities and operations of the Company, its Affiliates or Subsidiaries and/or any third party that has disclosed or provided any of same to the Company on a confidential basis (“Confidential Information”) without the
prior written authorization of the Board. 
 (ii) “Confidential Information” shall not include
any information that is (a) generally known to the industry or the public other than as a result of Executive’s breach of this covenant; (b) made legitimately available to Executive by a third party without breach of any
confidentiality obligation of which Executive has knowledge; or (c) required by law to be disclosed; provided that with respect to subsection (c) Executive shall give prompt written notice to the Company of such requirement,
disclose no more information than is so required, and reasonably cooperate with any attempts by the Company to obtain a protective order or similar treatment. 
 (iii) Except as required by law, Executive will not disclose to anyone, other than Executive’s family (it being understood that, in this Agreement, the term “family” refers to Executive,
Executive’s spouse, children, parents and spouse’s parents) and advisors, the existence or contents of this Agreement; provided that Executive may disclose to any prospective future employer the provisions of this Appendix A. This
Section 2(a)(iii) shall terminate if the Company publicly discloses a copy of this Agreement (or, if the Company publicly discloses summaries or excerpts of this Agreement, to the extent so disclosed). 

(iv) Upon termination of Executive’s employment with the Company for any reason, Executive shall (x) cease and
not thereafter commence use of any Confidential Information or intellectual property (including without limitation, any patent, invention, copyright, trade secret, trademark, trade name, logo, domain name or other source indicator) owned or used by
the Company, its Subsidiaries or Affiliates; and (y) immediately destroy, delete, or return to the Company, at the Company’s option, all originals and copies in any form or medium (including memoranda, books, papers, plans, computer files,
letters and other data) in Executive’s possession or control (including any of the foregoing stored or located in Executive’s office, home, laptop or other computer, whether or not Company property) that contain Confidential Information,
except that Executive may retain only those portions of any personal notes, notebooks and diaries that do not contain any Confidential Information. 
 (b) Intellectual Property. 
 (i) If Executive creates,
invents, designs, develops, contributes to or improves any works of authorship, inventions, intellectual property, materials, documents or other work product (including without limitation, research, reports, software, databases, systems,
applications, presentations, textual works, content, or audiovisual materials) (“Works”), either alone or with third parties, at any time during Executive’s 

  
 Appendix A-4

 
employment by the Company and within the scope of such employment and/or with the use of any the Company resources (“Company Works”), Executive shall promptly and fully disclose
same to the Company and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all of Executive’s right, title, and interest therein (including rights under patent, industrial property, copyright,
trademark, trade secret, unfair competition, other intellectual property laws, and related laws) to the Company to the extent ownership of any such rights does not vest originally in the Company. If Executive creates any written records (in the form
of notes, sketches, drawings, or any other tangible form or media) of any Company Works, the Executive will keep and maintain same. The records will be available to and remain the sole property and intellectual property of the Company at all times.

 (ii) Executive shall take all requested actions and execute all requested documents (including any licenses or
assignments required by a government contract) at the Company’s expense (but without further remuneration) to assist the Company in validating, maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of the
Company’s rights in the Company Works. 
 (iii) Executive shall not improperly use for the benefit of, bring
to any premises of, divulge, disclose, communicate, reveal, transfer or provide access to, or share with the Company any confidential, proprietary or non-public information or intellectual property relating to a former employer or other third party
without the prior written permission of such third party. Executive shall comply with all relevant policies and guidelines of the Company that are from time to time previously disclosed to Executive, including regarding the protection of
Confidential Information and intellectual property and potential conflicts of interest. 
 (iv) The provisions of
Section 2 hereof shall survive the termination of Executive’s employment for any reason. 

  
 Appendix A-5EX-10.10

 Exhibit 10.10 
 FORM OF 
 MANAGEMENT SUBSCRIPTION AGREEMENT 

(Co-Investment Units) 
 THIS MANAGEMENT SUBSCRIPTION AGREEMENT (this “Agreement”) by and between 313 Acquisition LLC, a Delaware limited liability company (the “Company”), and the individual
named on the Executive Master Signature Page hereto (“Executive”) is made as of the date set forth on such Executive Master Signature Page hereto. 
 WHEREAS, on the terms and subject to the conditions hereof, Executive desires to subscribe for and acquire from the Company, and the Company desires to issue and provide to Executive, the Company’s
Class A Units (the “Co-Investment Units”), in each case in the amount set forth on Executive’s Master Signature Page, as hereinafter set forth; 
 WHEREAS, this Agreement is one of several agreements being entered into by the Company with certain persons who are or will be directors or key employees or advisors of the Company or one or more
Subsidiaries (collectively with Executive, the “Management Investors”) as part of a management equity purchase plan (the “Plan”) designed to comply with Regulation D or Rule 701, as applicable, promulgated under the
Securities Act (as defined below); 
 NOW, THEREFORE, in order to implement the foregoing and in consideration of the mutual
representations, warranties, covenants and agreements contained herein, the parties hereto agree as follows: 
  

	1.	Definitions. 

 1.1
Affiliate. An “Affiliate” of, or Person “Affiliated” with, a specified Person shall mean a Person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control
with, the Person specified. 
 1.2 Agreement. The term “Agreement” shall have the meaning set forth in the
preface. 
 1.3 Board. The “Board” shall mean the Board of Directors of 313 Acquisition LLC. 

1.4 Call Notice. The term “Call Notice” shall have the meaning set forth in Section 4.2(b). 

1.5 Call Option. The term “Call Option” shall have the meaning set forth in Section 4.2(a). 

1.6 Cash Payment Restriction. The term “Cash Payment Restriction” shall have the meaning set forth in Section 5.2.

  
 1 

 1.7 Cause. The term “Cause” shall have the meaning ascribed to such term in
Executive’s current Employment Agreement with the Company or one of its affiliates, as may be amended, modified or supplemented from time to time (the “Employment Agreement”), and if not so defined, or no such Employment
Agreement exists, “Cause” shall mean (A) Executive’s continued failure substantially to perform Executive’s employment duties (other than as a result of total or partial incapacity due to physical or mental illness) for a
period of 10 days following written notice by the Company to Executive of such failure, (B) dishonesty in the performance of Executive’s employment duties, (C) an act or acts on Executive’s part constituting (x) a felony
under the laws of the United States or any state thereof or (y) a misdemeanor involving moral turpitude, (D) Executive’s willful malfeasance or willful misconduct in connection with Executive’s employment duties or any act or
omission which is injurious to the financial condition or business reputation of the Company or any of its subsidiaries or affiliates or (E) the occurrence of any Restrictive Covenant Violation. 

1.8 Closing. The term “Closing” shall have the meaning set forth in Section 2.2. 

1.9 Closing Date. The term “Closing Date” shall have the meaning set forth in Section 2.2. 

1.10 Co-Investment Units. The term “Co-Investment Units” shall have the meaning set forth in the preface. 

1.11 Code. The term “Code” means the Internal Revenue Code of 1986, as amended. 

1.12 Company. The term “Company” shall have the meaning set forth in the preface. 

1.13 Competitive Activity. The term “Competitive Activity” shall have the meaning set forth in Section 6(b).

 1.14 Cost. The term “Cost” shall mean the price per Co-Investment Unit paid by Executive (which, in the case
of any Co-Investment Unit acquired in exchange for Vivint Shares, will be the merger consideration which would have been received for such Vivint Shares under the Transaction Agreement on the Closing Date), if any, as proportionately adjusted for
all subsequent distributions of Co-Investment Units and other recapitalizations and less the amount of any distributions made with respect to the Co-Investment Units pursuant to the Company’s organizational documents; provided that
“Cost” may not be less than zero. 
 1.15 Contributed Shares. The term “Contributed Shares” shall
have the meaning set forth in Section 2.1(b). 
 1.16 Contribution Amount. The term “Contribution Amount”
shall have the meaning set forth in Section 2.1(a). 
 1.17 Disability. The term “Disability” shall have
the meaning ascribed to such term in Executive’s Employment Agreement, and if not so defined, or no such Employment Agreement exists, “Disability” shall mean Executive’s inability, for a period of six (6) consecutive months
or for an aggregate of twelve (12) months in any twenty-four (24) consecutive month period, to perform Executive’s employment duties as a result of Executive becoming physically or mentally incapacitated, as determined in good faith
by the Board. 

  
 2 

 1.18 Employee and Employment. The term “employee” shall mean, without any
inference as to negate Executive’s status as a member of the Company for all purposes hereunder (subject to the terms hereof) and for federal and other tax purposes, any employee (as defined in accordance with the regulations and revenue
rulings then applicable under Section 3401(c) of the Code) of the Company or any of its Subsidiaries, and the term “employment” shall include service as a part- or full-time employee or Board member to the Company or any of its
Subsidiaries. 
 1.19 Employment Agreement. The term “Employment Agreement” shall have the meaning set forth in
Section 1.7. 
 1.20 Executive. The term “Executive” shall have the meaning set forth in the preface.

 1.21 Executive’s Family Group. The term “Executive’s Family Group” shall have the meaning set
forth in Section 4.1(a). 
 1.22 Fair Market Value. The term “Fair Market Value” used in connection with
the value of Co-Investment Units shall mean (a) if there is a public market for the equity of the Company on the applicable date, the value for the Co-Investment Units shall be implied by the average of the high and low closing bid prices of
such equity during the last 10 trading days on the stock exchange on which the equity is principally trading or (b) if there is no public market for the equity, the value for the Co-Investment Units shall be determined by the Board in good
faith after consultation with the Chief Executive Officer of the Company or its principal operating subsidiaries, as applicable (it being understood that the “Fair Market Value” of the Co-Investment Units shall be determined based on an
equity valuation of the Company, which could then be converted formulaically into a fair market value for the Co-Investment Units by reference to the application of the distribution and dissolution provisions contained in Section 5.2 of the LLC
Agreement). 
 1.23 Financing Default. The term “Financing Default” shall mean an event which would constitute
(or with notice or lapse of time or both would constitute) an event of default under any of the financing documents of the Company or its Affiliates from time to time and any restrictive financial covenants contained in the organizational documents
of the Company or its Affiliates. 
 1.24 IPO. The term “IPO” shall have the meaning set forth in the LLC
Agreement. 
 1.25 Junior Subordinated Note. The term “Junior Subordinated Note” shall have the meaning set
forth in Section 5.2. 
 1.26 LLC Agreement. The term “LLC Agreement” shall mean the LLC Agreement dated
as of the Closing Date among the Company and its members, as it may be amended or supplemented thereafter from time to time. 

  
 3 

 1.27 Management Investors. The term “Management Investors” shall have the
meaning set forth in the preface. 
 1.28 Permitted Transferee. The term “Permitted Transferee” means any
Person to whom Executive transfers Co-Investment Units in accordance with the LLC Agreement and the Securityholders Agreement (other than the Sponsor and the Company and their respective Affiliates and except for transfers pursuant to an IPO).

 1.29 Person. The term “Person” shall mean any individual, corporation, partnership, limited liability
company, trust, joint stock company, business trust, unincorporated association, joint venture, governmental authority or other entity of any nature whatsoever. 
 1.30 Post-Closing Payments. The term “Post-Closing Payments” shall have the meaning set forth in Section 2.1(b). 

1.31 Put Right. The term “Put Right” shall have the meaning set forth in Section 4.1(a). 

1.32 Repurchase Notice Date. The term “Repurchase Notice Date” shall have the meaning set forth in Section 4.1(a).

 1.33 Restrictive Covenant Violation. The term “Restrictive Covenant Violation” shall mean Executive’s
breach of any of agreement with the Company or its Subsidiaries (whether currently in existence or arising in the future from time to time) containing covenants regarding non-competition, non-solicitation, non-disparagement and/or non-disclosure
obligations (collectively, “Restrictive Covenants”). 
 1.34 Restrictive Covenants. The term
“Restrictive Covenants” shall have the meaning set forth in Section 1.33. 
 1.35 Securities Act. The term
“Securities Act” shall mean the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder, as the same may be amended from time to time. 

1.36 Securityholders Agreement. The term “Securityholders Agreement” shall mean the Securityholders Agreement dated as
of the Closing Date among the Sponsor, the Management Investors and the Company, as it may be amended or supplemented thereafter from time to time. 
 1.37 Sponsor. The term “Sponsor” means The Blackstone Group, L.P. 

1.38 Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity
with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors
(or comparable governing body) of such entity. 

  
 4 

 1.39 Termination Date. The term “Termination Date” means the date upon
which Executive’s employment with the Company and its Subsidiaries is terminated for any reason (including death or Disability). 
 1.40 Transaction Agreement. The term “Transaction Agreement” means the Transaction Agreement dated as of September 16, 2012 between the Company; 313 Group Inc., 313 Technologies
Inc., 313 Solar Inc., APX Group, Inc., a Delaware corporation (“APX”), V Solar Holdings, Inc., a Delaware corporation (“Solar”), 2GIG Technologies, Inc., a Delaware corporation (“2GIG”), and the
representatives party thereto. 
 1.41 Transaction Agreement Proceeds. The term “Transaction Agreement
Proceeds” shall have the meaning set forth in Section 2.2. 
 1.42 Vivint Shares. The term “Vivint
Shares” means shares of capital stock of APX, Solar and/or 2GIG. 
  

	2.	Subscription for Co-Investment Units. 

 2.1 Contribution for Co-Investment Units. 
 (a) Pursuant to the terms and
subject to the conditions set forth in this Agreement, Executive hereby subscribes for, and the Company hereby agrees to issue to Executive on the Closing Date, the number of Co-Investment Units calculated pursuant to Executive’s Master
Signature Page in exchange for a contribution of the amount of (x) cash calculated pursuant to Executive’s Master Signature Page, (y) Vivint Shares calculated pursuant to Executive’s Master Signature Page or (z) a
combination of cash and Vivint Shares calculated pursuant to Executive’s Master Signature Page (collectively, the “Contribution Amount”). The contribution in exchange for Co-Investment Units is intended to be treated as a
contribution governed by Section 721 of the Code. The Executive shall provide the Company with information necessary for the Company to prepare its tax returns, including the Executive’s tax basis in each Vivint Share contributed by to the
Company. 
 (b) Executive acknowledges and agrees that, in accordance with the terms of this Agreement and the Transaction
Agreement, the Vivint Shares included in Executive’s Contribution Amount (the “Contributed Shares”), along with all rights and interests therein, shall belong to the Company, except that Executive will retain all rights in
respect of amounts required to be paid into certain “Escrow Funds” under the Transaction Agreement in respect of such Contributed Shares, which amounts will be paid into such Escrow Funds under the Transaction Agreement and an “Escrow
Agreement” to be entered into by the Company pursuant to the Transaction Agreement and will otherwise be treated for all purposes under the Transaction Agreement and such Escrow Agreement as if such Contributed Shares were still held by the
Executive at the Effective Time of the Mergers under the Transaction Agreement. Executive further acknowledges and agrees that, the Transaction Agreement provides that the Executive will retain the right to receive any payments from the Escrow Funds
in respect of such Contributed Shares when, if and to the extent such amounts would have become payable to Executive if Executive held such Contributed Shares at the Effective Time of the Mergers (collectively, the “Post-Closing
Payments”). In order to receive such Post-Closing Payments, 

  
 5 

 
Executive will submit the appropriate “Acknowledgment/Release Letter” under and as required by the Transaction Agreement to the Company in respect of the Contributed Shares. Executive
hereby acknowledges that, except as otherwise set forth in this Section 2.1(b), Executive will not receive any cash payment for the Contributed Shares under the Transaction Agreement and that the Post-Closing Payments outlined in this
Section 2.1(b) are contingent upon various factors set forth in the Transaction Agreement and the Escrow Agreement and that there is no assurance that any Post-Closing Payments will be made to Executive. 

2.2 The Closing. The closing (the “Closing”) of the issuance of Co-Investment Units hereunder shall take place
immediately prior to the “Effective Time” of the “Mergers” under the Transaction Agreement (the “Closing Date”). At least [two] business days prior to the Closing, Executive shall deliver to the Company the cash
portion of the Contribution Amount, payable (i) if so specified on the Executive Master Signature Page hereto, by directing the Company, APX, Solar and 2GIG to withhold from the after-tax cash proceeds (which, if not determined prior to the
date upon which the cash portion of the Contribution Amount must be delivered to the Company, will be presumed for purposes of this Agreement to be [60]% of the aggregate cash proceeds) that would otherwise be payable on the Closing Date (or on the
first applicable scheduled payroll date thereafter) to the Executive (the “Transaction Agreement Proceeds”) in respect of (x) the cancellation of APX Stock Options, Solar Sub Stock Options and/or 2GIG Stock Options pursuant to
Sections 1.7 and 2.3 of the Transaction Agreement and/or (y) any APX Employee Closing Payments, Solar Sub Employee Closing Payments and/or 2GIG Employee Closing Payments pursuant to Section 2.2 of the Transaction Agreement, and in each
case, to apply such Transaction Agreement Proceeds as full or partial payment of the cash portion of the Contribution Amount and (ii) if the Transaction Agreement Proceeds are insufficient to satisfy the entire cash portion of the Contribution
Amount, or if Executive does not elect to apply Transaction Agreement Proceeds to the cash portion of the Contribution Amount, by delivery of the remainder of the cash portion of the Contribution Amount by cashier’s or certified check or by
wire transfer in immediately available funds. Any Transaction Agreement Proceeds applied to the cash portion of the Contribution Amount shall be treated for all tax purposes as having been first distributed to Executive, then contributed to the
Company by and on behalf of Executive. At the Closing, Executive shall execute and deliver any stock power or other transfer documents necessary to effect the contribution of the Vivint Shares. 

2.3 Closing Conditions. Notwithstanding anything in this Agreement to the contrary, the Company shall be under no obligation to
issue, sell or grant to Executive any Co-Investment Units unless (i) Executive is an employee of, or consultant to, the Company or one of its Subsidiaries on the Closing Date; (ii) the representations of Executive contained in
Section 3 hereof are true and correct in all material respects as of the Closing Date, (iii) Executive is not in breach of any agreement, obligation or covenant herein required to be performed or observed by Executive on or prior to the
Closing Date and (iv) Executive delivers to the Company each executed Acknowledgment/Release Letter, each executed substitute Form W-9 or similar document and each Certificate required to be delivered by Executive to the Company or to APX, 2GIG
and Solar pursuant to Section 2.6 of the Transaction Agreement in order to receive any payment Executive would otherwise be entitled to receive under the Transaction Agreement. 

  
 6 

	3.	Investment Representations and Covenants of Executive. 

 3.1 Co-Investment Units Unregistered. Executive acknowledges and represents that Executive has been advised by the Company that: 

(a) the offer and sale of the Co-Investment Units have not been registered under the Securities Act; 

(b) the Co-Investment Units must be held indefinitely and Executive must continue to bear the economic risk of the investment in the
Co-Investment Units unless the offer and sale of such Co-Investment Units are subsequently registered under the Securities Act and all applicable state securities laws or an exemption from such registration is available (or as otherwise provided in
the LLC Agreement or the Securityholders Agreement); 
 (c) there is no established market for the Co-Investment Units and it is
not anticipated that there will be any public market for the Co-Investment Units in the foreseeable future; 
 (d) a restrictive
legend in the form set forth below, and such as may be determined by the Company pursuant to the LLC Agreement, shall be placed on the certificates, if any, representing the Co-Investment Units: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN REPURCHASE OPTIONS AND OTHER PROVISIONS SET FORTH IN A
MANAGEMENT SUBSCRIPTION AGREEMENT WITH THE ISSUER, AS AMENDED AND MODIFIED FROM TIME TO TIME, A COPY OF WHICH MAY BE OBTAINED BY THE HOLDER HEREOF AT THE ISSUER’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE”; and 

(e) a notation shall be made in the appropriate records of the Company indicating that the Co-Investment Units are subject to
restrictions on transfer and, if the Company should at some time in the future engage the services of a securities transfer agent, appropriate stop-transfer instructions will be issued to such transfer agent with respect to the Co-Investment Units.

 3.2 Additional Investment Representations. Executive represents and warrants that: 

(a) Executive’s financial situation is such that Executive can afford to bear the economic risk of holding the Co-Investment Units
for an indefinite period of time, has adequate means for providing for Executive’s current needs and personal contingencies, and can afford to suffer a complete loss of Executive’s investment in the Co-Investment Units; 

(b) Executive’s knowledge and experience in financial and business matters are such that Executive is capable of evaluating the
merits and risks of the investment in the Co-Investment Units; 

  
 7 

 (c) Executive understands that the Co-Investment Units are a speculative investment which
involves a high degree of risk of loss of Executive’s investment therein, there are substantial restrictions on the transferability of the Co-Investment Units and, on the Closing Date and for an indefinite period following the Closing, there
will be no public market for the Co-Investment Units and, accordingly, it may not be possible for Executive to liquidate Executive’s investment in case of emergency, if at all; 

(d) the terms of this Agreement provide that if Executive ceases to be an employee of the Company or its Subsidiaries, the Company has
the right to repurchase the Co-Investment Units at a price which may, under certain circumstances, be less than the Fair Market Value thereof; 
 (e) Executive understands and has taken cognizance of all the risk factors related to the purchase of the Co-Investment Units and, other than as set forth in this Agreement, no representations or
warranties have been made to Executive or Executive’s representatives concerning the Co-Investment Units or the Company or their prospects or other matters; 
 (f) Executive has been given the opportunity to examine all documents and to ask questions of, and to receive answers from, the Company and its representatives concerning the Company and its Subsidiaries,
the LLC Agreement, the Plan, the Securityholders Agreement, the Company’s organizational documents and the terms and conditions of the purchase of the Co-Investment Units and to obtain any additional information which Executive deems necessary;

 (g) all information which Executive has provided to the Company and the Company’s representatives concerning Executive
and Executive’s financial position is complete and correct as of the date of this Agreement; and 
 (h) Executive is or is
not an “accredited investor” within the meaning of Rule 501(a) under the Securities Act, as indicated on Executive’s Master Signature Page. 
 3.3 Other Representations. Executive acknowledges that the Sponsor and its Affiliates may, from time to time, provide services to the Company and its Affiliates for which a fee will be paid by the
Company or its Affiliates, including an annual monitoring/advisory fee. 
  

	4.	Certain Sales and Forfeitures Upon Termination of Employment. 

 4.1 Put Option. 
 (a) Prior to an IPO, if Executive’s employment with
the Company and its Subsidiaries is terminated (x) due to the death of Executive or (y) by the Company and its Subsidiaries as a result of the Disability of Executive, then Executive and Executive’s Permitted Transferees (hereinafter
sometimes collectively referred to as the “Executive’s Family Group”) shall have the right, subject to the provisions of Section 5 hereof, for 180 days following the date that is 210 days after the Termination Date, to
sell to the Company (the “Put Right”), and the Company shall be required to purchase (subject to the provisions of Section 5 hereof), on one occasion from each member of Executive’s Family Group, all (but not less than
all) of the number of Co-Investment Units then held by Executive’s Family Group that equals all such Co-Investment Units collectively held by Executive’s Family Group at a price per Co-Investment

  
 8 

 
Unit equal to the Fair Market Value of such Co-Investment Units (measured as of the date that the relevant election to purchase such Co-Investment Units is delivered (the “Repurchase
Notice Date”)). In order to exercise its rights with respect to the Co-Investment Units pursuant to this Section 4.1(a), Executive’s Family Group shall also be required to simultaneously exercise any similar rights it may have
with respect to any other Co-Investment Units of the Company held by Executive’s Family Group in accordance with the terms of the agreements pursuant to which such other Co-Investment Units were acquired from the Company. 

(b) If Executive’s Family Group desires to exercise the Put Right, the members of Executive’s Family Group shall send one
written notice to the Company setting forth such members’ intention to collectively sell all of their Co-Investment Units pursuant to Section 4.1(a), which notice shall include the signature of each member of Executive’s Family Group.
Subject to the provisions of Section 5.1, the closing of the purchase shall take place at the principal office of the Company on a date specified by the Company no later than the 60th day after the giving of such notice. 

4.2 Call Option. 
 (a) If Executive’s employment with the Company and its Subsidiaries is terminated (1) by the Company or any of its Subsidiaries with Cause or (2) by Executive at a time when grounds exist
for a termination with Cause, or in the event of a Restrictive Covenant Violation or Executive’s engaging in a Competitive Activity, the Company shall have the right and option, but not the obligation, to purchase any or all of the
Co-Investment Units of Executive and Executive’s Family Group during either of the one-year periods commencing immediately following each of (x) the Termination Date and (y) the date on which Competitive Activity or a Restrictive
Covenant Violation occurs (or, if later, the date on which the Board has actual knowledge thereof) (or, in the case of either clause (x) or (y), such later date as is necessary in order to avoid the application of adverse accounting treatment
to the Company) (the “Call Option”), in each case, at a price per Co-Investment Unit equal to the applicable purchase price determined as follows (it being understood that if Co-Investment Units subject to repurchase hereunder may
be repurchased at different prices, the Company may elect to repurchase only the portion of the Co-Investment Units subject to repurchase hereunder at the lower price): 

(i) Termination with Cause; Voluntary Resignation when Grounds Exist for Cause. If Executive’s employment with
the Company and its Subsidiaries is terminated (x) by the Company or any of its Subsidiaries with Cause or (y) by Executive at a time when grounds exist for a termination with Cause, then the purchase price per Co-Investment Unit will be
the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and (B) Cost; 
 (ii)
Restrictive Covenant Violation. If a Restrictive Covenant Violation occurs, then the purchase price per Co-Investment Unit will be the lesser of (A) Fair Market Value (measured as of the Repurchase Notice Date) and (B) Cost; or

 (iii) Competitive Activity. In the event Executive engages in Competitive Activity not constituting a
Restrictive Covenant Violation, then the purchase price per Co-Investment Unit will be Fair Market Value (measured as of the Repurchase Notice Date). 

  
 9 

 The Call Option (except in the case of any event described in Section 4.2(a)(ii) and (iv)) shall expire
upon the occurrence of an IPO. 
 (b) If the Company desires to exercise the Call Option pursuant to this Section 4.2, the
Company shall, not later than the expiration of the period set forth in Section 4.2(a), send written notice to each member of Executive’s Family Group of its intention to purchase Co-Investment Units, specifying the number of Co-Investment
Unit to be purchased (the “Call Notice”). Subject to the provisions of Section 5, the closing of the purchase shall take place at the principal office of the Company on a date specified by the Company no later than the 30th day
after the giving of the Call Notice. 
 (c) Notwithstanding the foregoing, if the Company elects not to exercise the Call Option
pursuant to this Section 4.2, the Sponsor may elect to cause one of its Affiliates or another designee to purchase such Co-Investment Units at any time on the same terms and conditions set forth in this section 4.2 by providing written notice
to each member of Executive’s Family Group of its intention to purchase Co-Investment Units. 
 4.3 Obligation to Sell
Several. If there is more than one member of Executive’s Family Group, the failure of any one member thereof to perform its obligations hereunder shall not excuse or affect the obligations of any other member thereof, and the closing of the
purchases from such other members by the Company shall not excuse, or constitute a waiver of its rights against, the defaulting member. 
  

	5.	Certain Limitations on the Company’s Obligations to Purchase Co-Investment Units. 

5.1 Deferral of Purchases. (a) Notwithstanding anything to the contrary contained herein, the Company shall not be obligated
to purchase any Co-Investment Units at any time pursuant to Section 4, regardless of whether it has delivered a Call Notice or received a Put Notice, (i) to the extent that the purchase of such Co-Investment Units would result in
(A) a violation of any law, statute, rule, regulation, policy, order, writ, injunction, decree or judgment promulgated or entered by any federal, state, local or foreign court or governmental authority applicable to the Company or any of its
Subsidiaries or any of its or their property or (B) after giving effect thereto, a Financing Default, (ii) if immediately prior to such purchase there exists a Financing Default which prohibits such purchase, or (iii) to the extent
that there is a lack of available cash on hand of the Company. The Company shall, within fifteen (15) days of learning of any such fact, so notify Executive that it is not obligated to purchase hereunder. 

(b) Notwithstanding anything to the contrary contained herein, any Co-Investment Units which the Company elects or is required to
purchase, but which in accordance with Section 5.1(a) is not purchased at the applicable time provided in Section 4, shall be purchased by the Company (x) by delivery of a promissory note for the applicable purchase price payable at
such time as would not result in a Financing Default, bearing interest at the prime lending rate in effect as of the date of the exercise of the call right or at the Applicable Federal Rate at such time, if greater; or (y) if purchase by
delivery of a promissory note as described in 

  
 10 

 
clause (x) is not permitted due to the terms of any outstanding Company indebtedness, or otherwise, then, for the applicable purchase price (measured as of the actual purchase date) on or
prior to the fifteenth (15th) day after such date or
dates that the purchase of such Co-Investment Units are no longer prohibited under Section 5.1(a) and the Company shall give Executive five (5) days’ prior notice of any such purchase. 

(c) Notwithstanding anything herein to the contrary, (i) at any time during the 10 day period following the expiration of the 15 day
period referred to in the last sentence of Section 5.1(a), Executive or Executive’s Family Group may withdraw the Co-Investment Units subject to the put option described in Section 4.1 or the call right in Section 4.2, as
applicable, (ii) in the case of a previously exercised put option, the closing of such put transaction shall be suspended during such 10 day period and such transaction shall be cancelled if Executive or Executive’s Family Group withdraws
the Co-Investment Units and (iii) in the case of a previously exercised call right, such transaction shall be cancelled if the Executive or the Executive’s Family Group withdraws the Co-Investment Units. 

5.2 Payment for Co-Investment Units. If at any time the Company elects or is required to purchase any Co-Investment Units pursuant
to Section 4, the Company shall pay the purchase price for the Co-Investment Units it purchases (i) first, by the cancellation of any indebtedness, if any, owing from Executive to the Company or any of its Subsidiaries (which indebtedness
shall be applied pro rata against the proceeds receivable by each member of Executive’s Family Group receiving consideration in such repurchase) and (ii) then, by the Company’s delivery of a check or wire transfer of immediately
available funds for the remainder of the purchase price, if any, against delivery of the certificates or other instruments, if any, representing the Co-Investment Units so purchased, duly endorsed; provided that if (x) any of the
conditions set forth in Section 5.1 exists or (y) such purchase of Co-Investment Units would result in a Financing Default, in each case which prohibits such cash payment (either directly or indirectly as a result of the prohibition of a
related cash dividend or distribution) (each a “Cash Payment Restriction”), the portion of the cash payment so prohibited may be made, to the extent such payment is not prohibited, by the Company’s delivery of a junior
subordinated promissory note (which shall be subordinated and subject in right of payment to the prior payment of any debt outstanding under the senior financing agreements and any modifications, renewals, extensions, replacements and refunding of
all such indebtedness) of the Company (a “Junior Subordinated Note”) in a principal amount equal to the balance of the purchase price, payable within ten days after the Cash Payment Restriction no longer exists, and bearing interest
payable (and compounded to the extent not so paid) as of the last day of each year at the “prime rate” as published for JP Morgan Chase Bank from time to time, and all such accrued and unpaid interest payable on the date of the payment of
principal (or, if applicable, the last installment of principal), with payments to be applied in the order of: first to any enforcement costs incurred by Executive or Executive’s Family Group, second to interest and third to principal. The
Company shall have the rights set forth in clause (i) of the first sentence of this Section 5.2 whether or not the member of Executive’s Family Group selling such Co-Investment Units is an obligor of the Company. The principal of, and
accrued interest on, any such Junior Subordinated Note may be prepaid in whole or in part at any time at the option of the Company. To the extent that the Company is prohibited from paying accrued interest, that is required to be paid on any Junior
Subordinated Note prior to maturity, due to the existence of any Cash Payment Restriction, such interest shall be cumulated, compounded annually, and accrued until and to the extent that such 

  
 11 

 
Cash Payment Restriction no longer exists, at which time such accrued interest shall be immediately paid. Notwithstanding any other provision in this Agreement, the Company may elect to pay the
purchase price hereunder in shares or other equity securities of one of its respective direct or indirect Subsidiaries with a fair market value equal to the applicable purchase price, provided that such Subsidiary promptly repurchases such
shares or other equity securities for cash equal to the applicable purchase price or a Junior Subordinated Note with a principal amount equal to the applicable purchase price. 
 5.3 Repayment of Proceeds. If the Executive’s employment is terminated by the Company for Cause or the Executive engages in any Restrictive Covenant Violation, or the Company discovers after a
termination of employment that grounds for a termination with Cause existed at the time thereof, then Executive shall be required to pay to the Company, within 10 business days’ of the Company’s request to Executive therefor, an amount
equal to the excess, if any, of (A) the aggregate after-tax proceeds (taking into account all amounts of tax that would be recoverable upon a claim of loss for payment of such proceeds in the year of repayment) Executive or any of
Executive’s Permitted Transferees received upon the sale or other disposition of, or distributions in respect of, Executive’s Co-Investment Units over (B) the aggregate Cost for such Co-Investment Units. Any reference in this
Agreement to grounds existing for a termination with Cause shall be determined without regard to any notice period, cure period or other procedural delay or event required prior to finding of, or termination for, Cause. The foregoing remedy shall
not be exclusive. 
  

	6.	Restrictive Covenants; Competitive Activity. 

 (a) Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its Affiliates and accordingly agrees, in Executive’s capacity as an investor and equity
holder in the Company, to incorporate the terms of all Restrictive Covenants into this Agreement. Executive acknowledges and agrees that the Company’s remedies at law for a breach or threatened breach of any of the Restrictive Covenants would
be inadequate and the Company would suffer irreparable damages as a result of such breach or threatened breach. In recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach by Executive, regardless of
whether a transfer of Co-Investment Units to a Permitted Transferee has occurred and in addition to any remedies at law, the Company, without posting any bond, shall be entitled to cease making any payments or providing any benefit otherwise
required by this Agreement and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. 

(b) Executive shall have engaged in “Competitive Activity” if Executive is engaged as an employee or service provider,
including as a partner, member or principal, for a business that competes in any material respect with any business of the Company at any time after Executive’s Termination Date (regardless of whether such conduct constitutes a Restrictive
Covenant Violation). 
  

	7.	Miscellaneous. 

  
 12 

 7.1 Transfers. Prior to the transfer of Co-Investment Units to a Permitted
Transferee, Executive shall deliver to the Company a written agreement of the proposed transferee (a) evidencing such Person’s undertaking to be bound by the terms of this Agreement and (b) acknowledging that the Co-Investment Units
transferred to such Person will continue to be Co-Investment Units for purposes of this Agreement in the hands of such Person. Any transfer or attempted transfer of Co-Investment Units in violation of any provision of this Agreement or the
Securityholders Agreement shall be void, and the Company shall not record such transfer on its books or treat any purported transferee of such Co-Investment Units as the owner of such Co-Investment Units for any purpose. 

7.2 Recapitalizations, Exchanges, Etc., Affecting Co-Investment Units. The provisions of this Agreement shall apply, to the full
extent set forth herein with respect to Co-Investment Units, to any and all (i) securities of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect
of, in exchange for, or in substitution of the Co-Investment Units, by reason of any dividend payable in Co-Investment Units, issuance of Co-Investment Units, combination, recapitalization, reclassification, merger, consolidation or otherwise and
(ii) securities of any Subsidiary of the Company or any of its or their successors or assigns (whether by merger, consolidation, sale of assets or otherwise) upon distribution of such securities to any holder of Co-Investment Units by reason of
any dividend to such holder paid in such securities. 
 7.3 Executive’s Employment by the Company. Nothing contained
in this Agreement shall be deemed to obligate the Company or any Subsidiary of the Company to employ Executive in any capacity whatsoever or to prohibit or restrict the Company (or any such Subsidiary) from terminating the employment of Executive at
any time or for any reason whatsoever, with or without Cause. 
 7.4 Cooperation. Executive agrees to cooperate with the
Company in taking action reasonably necessary to consummate the transactions contemplated by this Agreement. 
 7.5 Binding
Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns; provided, however, that no Transferee shall derive any
rights under this Agreement unless and until such Transferee has executed and delivered to the Company a valid undertaking and becomes bound by the terms of this Agreement; and provided further that the Sponsor is a third party beneficiary of this
Agreement and shall have the right to enforce the provisions hereof. 
 7.6 Amendment; Waiver. This Agreement may be
amended only by a written instrument signed by the parties hereto. No waiver by any party hereto of any of the provisions hereof shall be effective unless set forth in a writing executed by the party so waiving. 

7.7 Governing Law; Jurisdiction. This Agreement shall be governed by and construed and enforced in accordance with the laws of the
State of Delaware applicable to contracts made and to be performed therein (except that the provisions of Section 6(a) shall be governed by the law of the state where Executive is principally employed by the Company or its Subsidiaries or, if
Executive and the Company or its Subsidiaries are party to an Employment 

  
 13 

 
Agreement, the law of the state that governs such a Employment Agreement). Any suit, action or proceeding with respect to this Agreement, or any judgment entered by any court in respect of any
thereof, shall be brought in any court of competent jurisdiction in the State of New York or the State of Delaware, and each of the Company and the members of Executive’s Family Group hereby submits to the exclusive jurisdiction of such courts
for the purpose of any such suit, action, proceeding or judgment. Each of the members of Executive’s Family Group and the Company hereby irrevocably waives (i) any objections which it may now or hereafter have to the laying of the venue of
any suit, action or proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in the State of Delaware or the State of New York, (ii) any claim that any such suit, action or proceeding brought in any
such court has been brought in any inconvenient forum and (iii) any right to a jury trial. 
 7.8 Notices. All
notices and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three postal delivery days after it has been mailed by United States registered mail, return
receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of
address shall be effective only upon receipt. 
 If to the Company: 

c/o [Vivint Entity] 
 [address] 
 [address] 

Attention: [General Counsel] 
 and 
 The Blackstone Group L.P. 

345 Park Avenue 

New York, New York 10154 
 Attention: Peter Wallace 
 with a copy to: 

Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue 
 New York, NY 10017-3954 

Attn: Gregory T. Grogan 
 If to Executive: 
 To the most recent address of Executive set forth in the
personnel records of the Company. 
 7.9 Integration. This Agreement and the documents referred to herein or delivered
pursuant hereto which form a part hereof contain the entire understanding of the parties with 

  
 14 

 
respect to the subject matter hereof and thereof, provided that if the Company or its Affiliates is a party to one or more agreements with Executive related to the matters subject to
Section 6, such other agreements shall remain in full force and effect and continue in addition to this Agreement. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings with respect to the
subject matter hereof other than those expressly set forth herein and therein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter, subject to the proviso in the first sentence of
this Section. 
 7.10 Counterparts. This Agreement may be executed in separate counterparts, and by different parties on
separate counterparts each of which shall be deemed an original, but all of which shall constitute one and the same instrument. 

7.11 Injunctive Relief. Executive and Executive’s Permitted Transferees each acknowledges and agrees that a violation of any
of the terms of this Agreement will cause the Company irreparable injury for which adequate remedy at law is not available. Accordingly, it is agreed that the Company shall be entitled to an injunction, restraining order or other equitable relief to
prevent breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof in any court of competent jurisdiction in the United States or any state thereof, in addition to any other remedy to which it may be
entitled at law or equity. 
 7.12 Rights Cumulative; Waiver. The rights and remedies of Executive and the Company under
this Agreement shall be cumulative and not exclusive of any rights or remedies which either would otherwise have hereunder or at law or in equity or by statute, and no failure or delay by either party in exercising any right or remedy shall impair
any such right or remedy or operate as a waiver of such right or remedy, nor shall any single or partial exercise of any power or right preclude such party’s other or further exercise or the exercise of any other power or right. The waiver by
any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by either party to exercise any right or privilege hereunder shall be deemed a waiver
of such party’s rights or privileges hereunder or shall be deemed a waiver of such party’s rights to exercise the same at any subsequent time or times hereunder. 
 *    *    *    *    * 

  
 15 

  *    *    *    *    * 
 This Management Subscription Agreement between the 
 Company and the
Executive named on the Executive Master 
 Signature Page hereto is dated and executed as of the date set

 forth on such Executive Master Signature Page. 

*    *    *    *    *

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