Document:

Option Grant Notice and Agreement

  
 Exhibit 10.17

 OPTION GRANT NOTICE AND AGREEMENT 
 Igloo Holdings Corporation (the “Company”), pursuant to its 2010 Stock Incentive Plan (the “Plan”), hereby grants to the Holder Options to purchase the number of shares
of Stock set forth below. The Options are subject to all of the terms and conditions as set forth in this Option Grant Notice and Agreement (this “Grant Notice”), as well as the terms and conditions of the Plan, all of which are
incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the same meaning as set forth in the Plan. 
  

			
	Holder:	  	Mason Slaine
		
	Date of Grant:	  	August 4, 2010
		
	Number of Shares of Stock Subject to Option:	  	40,000,000
		
	Exercise Price Per Share of Stock:	  	$1.00
		
	Expiration Date:	  	August 4, 2020
		
	Vesting Commencement Date:	  	July 29, 2010
		
	Vesting Schedule:	  	Upon the IRR Calculation Date, a number of Options shall vest equal to the product of (x) the total number of Options granted hereunder multiplied by (y) the Option
Vesting Percentage. All Options that do not vest upon the IRR Calculation Date pursuant to the immediately preceding sentence shall be forfeited by the Holder for no consideration.
		
	Definitions:	  	For purposes of this Grant Notice, the following definitions shall apply.
		
		  	“Employment Agreement” means that certain Employment Agreement, dated as of August 4, 2010, among the Company, Interactive Data Corporation, and the Holder, as the
same may be amended and/or restated from time to time.

  

			
		 	“Independent Appraiser” means an independent investment banking or valuation firm jointly selected by the Company and the Holder within fifteen (15) days after
the date of the Company’s receipt of an Objection Notice; provided that if the Company and the Holder are unable to agree upon who shall serve as the Independent Appraiser within such fifteen (15) day period, (i) each of the Company and the
Holder within five (5) days of the end of such fifteen (15) day period shall submit a list of the names of four nationally recognized investment banking or valuation firms, (ii) each of the Company and the Holder shall strike two of the names
submitted by the other party, and (iii) the Independent Appraiser shall be selected by “lot” from the four remaining names of investment banking or valuation firms.
		
		 	“IRR” means, as of any date of determination, an annual compounded internal rate of return as of such date to the Sponsors calculated using the xIRR function in
Microsoft Excel and using all amounts invested in the Company on or prior to such date by the Sponsors (expressed as a negative number) as the investment “outflows,” and proceeds received on or prior to such date by the Sponsors (including
any fees paid to Sponsors) with respect to their investment in the Company (expressed as a positive number) as the investment “inflows.” To the extent that the Sponsors hold equity in the Company following the IRR Calculation Date, the
fair market value of such equity shall be included as an investment inflow.
		
		 	If the Holder believes in good faith that the IRR is greater than the amount determined by the Company upon the IRR Calculation Date, then the Holder shall have ten (10) days
to deliver a written notice of objection to the Board (an “Objection Notice”). If the Holder timely delivers such an Objection Notice, the Company will promptly engage an Independent Appraiser to deliver to the Company and the
Holder a written determination (such determination to include a report setting forth all material analyses used in arriving at such determination) within thirty (30) days of being engaged stating the Independent Appraiser’s determination
of the IRR, and such IRR shall be deemed to be the IRR for all purposes of this Grant Notice and shall be final and binding on the parties. If such IRR determined by the Independent Appraiser is higher than the IRR previously determined by the
Board, then the costs and expenses of such Independent Appraiser shall be borne by the Company. If such IRR determined by such Independent Appraiser is not higher than the IRR previously determined by the Board, then the costs and expenses of such
Independent Appraiser shall be borne by the Holder.

  
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		 		 	“IRR Calculation Date” means the earliest to occur of (i) the date of a Liquidity Event, (ii) the date of a Qualifying Termination, and
(iii) the date that is sixty (60) days prior to the Expiration Date; provided, however, that if a Qualifying Termination (other than due to death or Disability) occurs prior to the first (1st) anniversary of the Vesting Commencement Date, the IRR Calculation
Date shall be the earlier of (x) the first (1st)
anniversary of the Vesting Commencement Date and (y) the date of a Liquidity Event; provided further, however, that the Holder may elect to treat the fifth (5th) anniversary of the Vesting Commencement Date as the IRR Calculation Date to the extent the IRR Calculation Date has
not otherwise occurred prior to such anniversary, by providing the Company with written notice of such election at least thirty (30) days prior to such anniversary.
			
		 		 	“IRR Vesting Percentage” shall be a function of the IRR achieved (or deemed achieved) by the Sponsors as of the IRR Calculation Date, determined as
follows:

			
		
	 Internal Rate of Return
	  	 IRR Vesting Percentage

	less than 10%	  	0%
	10%	  	50%
	30% or more	  	100%

							
			
		 		 	In the event that the IRR falls between 10% and 30%, the IRR Vesting Percentage shall be based on a straight line interpolation between such two values (i.e., for
each whole percentage point increase in IRR above ten percent (10%), the IRR Vesting Percentage shall increase by two and one-half
(2 1/2) percentage points). For example, if the
IRR upon the IRR Calculation Date equals twenty-two percent (22%), the IRR Vesting Percentage would equal eighty percent (80%).
			
		 		 	Notwithstanding the foregoing, the IRR Vesting Percentage will equal one hundred percent (100%) upon the occurrence of a Liquidity Event in which the Sponsors
receive an amount of consideration with a fair market value equal to or in excess of three (3) times the Sponsors’ invested capital in the Company. For the avoidance of doubt, the IRR Vesting Percentage will equal one hundred percent
(100%) if either (i) the IRR upon the IRR Calculation Date equals or exceeds thirty percent (30%) or (ii) the Sponsors receive an amount of consideration with a fair market value equal to or in excess of three (3) times the
Sponsors’ invested capital in the Company upon the occurrence of a Liquidity Event.

  
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		  	“Liquidity Event” shall have the meaning given to it in the Employment Agreement.
		
		  	“Qualifying Termination” means a termination of the Holder’s employment either (x) due to the Holder’s death or Disability (as defined in the
Employment Agreement), (y) by the Company without Cause (as defined in the Employment Agreement), or (z) by the Holder for Good Reason (as defined in the Employment Agreement).
		
		  	“Time Vesting Percentage” means, as of a given date, the product of
(x) 4 1/6% multiplied by (y) the
number of full calendar months elapsed from the Vesting Commencement Date through such date, such that the Time Vesting Percentage will equal one hundred percent (100%) upon the second (2nd) anniversary of the Vesting Commencement Date; provided, that the Time Vesting Percentage shall never exceed
100%. Notwithstanding the immediately preceding sentence, (i) upon the occurrence of a Qualifying Termination (other than due to death or Disability) prior to the first (1st) anniversary of the Vesting Commencement Date, the Time Vesting Percentage shall equal fifty percent (50%), and
(ii) upon the occurrence of a Liquidity Event, the Time Vesting Percentage shall equal one hundred percent (100%).
		
		  	“Option Vesting Percentage” means the product of (x) the Time Vesting Percentage multiplied by (y) the IRR Vesting Percentage.
		
	Termination of Employment:	  	
		
	Death or Disability	  	Upon a Termination due to death or Disability, all Options that have not vested as of the IRR Calculation Date shall be immediately forfeited, and all Options that have vested as of
the IRR Calculation Date shall remain exercisable until the earlier of (x) the Expiration Date and (y) the twelve (12) month anniversary of such Termination.
		
	For Cause; Without Good Reason	  	Upon a Termination by the Company for Cause, or by the Holder without Good Reason, all Options, whether or not vested as of such Termination, shall be immediately
forfeited.

  
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	Without Cause; For Good Reason	  	Upon a Termination by the Company without Cause, or by the Holder for Good Reason, all Options that have not vested as of the IRR Calculation Date shall be immediately forfeited,
and all Options that have vested as of the IRR Calculation Date shall remain exercisable until the earlier of (x) the Expiration Date and (y) the date that is ninety (90) days following the IRR Calculation Date. Following such a
Termination by the Company without Cause, or by the Holder for Good Reason, the Holder shall have the right to exercise his vested Options pursuant to a “net exercise” procedure, as contemplated by Section 5(d) of the
Plan.
		
	Exercise of Options:	  	To exercise a vested Option, the Holder (or his authorized representative) must give written notice to the Company, using the form of Option Exercise Notice attached hereto as
Exhibit A, stating the number of Options that he intends to exercise. The Company will issue the shares of Stock with respect to which the Options are exercised upon payment for the shares of Stock acquired in accordance with Section
5(d) of the Plan, which Section 5(d) is incorporated herein by reference and made a part hereof; provided, however, that if the Holder wishes to use any method of exercise other than in immediately available funds in United States
dollars, or by certified or bank cashier’s check, or as expressly permitted hereby, the Holder shall have received the prior written approval of the Committee or its designee approving such method of exercise.
		
		  	Upon exercise of Options, the Holder will be required to satisfy applicable withholding tax obligations as provided in Section 16 of the Plan.
		
	Dividends:	  	In consideration for the Additional Bonus (as defined in the Employment Agreement) that the Holder is eligible to receive pursuant to Section 4(d) of the Employment Agreement,
the Holder acknowledges and agrees that the Options shall not be adjusted pursuant to Section 11(a) of the Plan in connection with any dividend declared and paid in respect of shares of Stock, whether payable in the form of cash, stock, or any
other form of consideration.

  
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	Transfer Restrictions; Repurchase Rights:	  	The Holder acknowledges and agrees that the Stock acquired upon the exercise of the Options hereunder will be subject to the transfer restrictions and repurchase rights
set forth in that certain side letter agreement relating to transfer restrictions and repurchase rights, dated as of August 4, 2010, by and between the Company and the Holder. For the avoidance of doubt, neither the transfer restrictions set
forth in Section 8(b) of the Plan nor the repurchase rights set forth in Section 9 of the Plan shall apply to the Stock issued to the Holder upon the exercise of the Options.
		
	Shareholders Agreement:	  	Prior to being issued any Stock pursuant to the exercise of the Options, the Holder, to the extent not already a party to that certain Shareholders Agreement dated as of
July 29, 2010, by and among the Company and certain of its investors, as the same may be amended and/or restated from time to time, shall be required to execute and become a party to such agreement.
		
	Breach of Non-Interference Agreement:	  	In the event that the Holder breaches the Non-Interference Agreement executed concurrently with, and attached as Exhibit A to, his Employment Agreement, in
addition to any other remedies, the Committee may determine, in its sole discretion, to require all Options then held by the Holder to be immediately forfeited and returned to the Company without additional consideration.
			
	Additional Terms:	  		  	
			
		  	 •     
	  	Options shall be exercisable in whole shares of Stock only.
			
		  	 •     
	  	Each Option shall cease to be exercisable as to any share of Stock when the Holder purchases the share of Stock or when the Option otherwise expires.
			
		  	 •     
	  	The Stock issued upon the exercise of any Options hereunder shall be registered in Holder’s name on the books of the Company during the Lock-Up Period and for such additional
time as the Committee determines appropriate in its reasonable discretion. Any certificates representing the Stock delivered to the Holder shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under
the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such shares are listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on
any such certificates to make appropriate reference to such restrictions as the Committee deems appropriate.

  
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		 	 •     
	 	This Grant Notice does not confer upon the holder any right to continue as an employee or service provider of the Company or any other member of the Company
Group.
			
		 	 •     
	 	This Grant Notice shall be construed and interpreted in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of law
thereof.
			
		 	 •     
	 	The Holder and the Company acknowledge that the Options are intended to be exempt from Section 409A of the Code, with the Exercise Price intended to be at least equal to the
“fair market value” per share of Stock on the Date of Grant. Since shares are not traded on an established securities market, the Exercise Price has been based upon the determination of Fair Market Value by the Board in a manner consistent
with the terms of the Plan. The Holder acknowledges that there is no guarantee that the Internal Revenue Service will agree with this valuation, and agrees not to make any claim against the Company, the Board, the Company’s officers or
employees in the event that the Internal Revenue Service asserts that the valuation was too low or that the Options are not otherwise exempt from Section 409A of the Code.
			
		 	 •     
	 	The Holder agrees that the Company may deliver by email all documents relating to the Plan or these Options (including, without limitation, a copy of the Plan) and all other
documents that the Company is required to deliver to its security holders (including, without limitation, disclosures that may be required by the Securities and Exchange Commission). The Holder also agrees that the Company may deliver these
documents by posting them on a website maintained by the Company or by a third party under contract with the Company. If the Company posts these documents on a website, it shall notify the Holder by email or such other reasonable manner as then
determined by the Company.

  
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	 Representations and

Warranties of the Holder:
	 	  
 The Holder hereby represents and warrants to the
Company that:

			
		 	 •     
	  	The Holder understands that the Stock has not been registered under the Securities Act, nor qualified under any state securities laws, and that it is being offered and sold pursuant
to an exemption from such registration and qualification based in part upon the Holder’s representations contained herein; the Stock is being issued to Holder hereunder in reliance upon the exemption from such registration provided by Section
4(2) of the Securities Act for transactions by an issuer not involving any public offering, and in connection therewith, the Holder acknowledges the Holder’s status as an “accredited investor” within the meaning of Rule 501
promulgated under the Securities Act;
			
		 	 •     
	  	The Holder is an “accredited investor” as such term is defined in Rule 501(a) of the Securities Act and has such knowledge and experience in financial and business
matters that the Holder is capable of evaluating the merits and risks of the investment contemplated by this Grant Notice, and the Holder is able to bear the economic risk of this investment in the Company (including a complete loss of this
investment);
			
		 	 •     
	  	Except as specifically provided herein or in the Plan, the Holder has no contract, undertaking, understanding, agreement, or arrangement, formal or informal, with any person to
sell, transfer, or pledge all or any portion of his Stock, and has no current plans to enter into any such contract, undertaking, understanding, agreement, or arrangement;
			
		 	 •     
	  	The Holder has not seen, received, been presented with, or been solicited by any leaflet, public promotional meeting, article, or any other form of advertising or general
solicitation as to the Company’s sale to the Holder of the Stock;

  
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		 	 •     
	 	The Holder is familiar with the business and operations of the Company and has been afforded full and complete access to the books, financial statements, records, contracts,
documents, and other information concerning the Company and its proposed activities, and has been afforded an opportunity to ask such questions of the Company’s agents, accountants, and other representatives concerning the Company’s
proposed business, operations, financial condition, assets, liabilities, and other relevant matters as he has deemed necessary or desirable, and has been given all such information as has been requested, in order to evaluate the merits and risks of
the investment contemplated herein;
			
		 	 •     
	 	The Holder has been informed that the shares of Stock are restricted securities under the Securities Act and may not be resold or transferred unless the shares of Stock are first
registered under the federal securities laws or unless an exemption from such registration is available; and
			
		 	 •     
	 	The Holder is prepared to hold the shares of Stock for an indefinite period and that the Holder is aware that Rule 144 as promulgated under the Securities Act, which exempts certain
resales of restricted securities, is not presently available to exempt the resale of the shares of Stock from the registration requirements of the Securities Act.

 [Signatures to appear on the following page.] 

  
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 THE UNDERSIGNED HOLDER ACKNOWLEDGES
RECEIPT OF THIS GRANT NOTICE AND THE PLAN, AND AS AN EXPRESS CONDITION TO THE GRANT OF OPTIONS HEREUNDER, AGREES TO BE BOUND BY THE TERMS THIS GRANT NOTICE AND THE PLAN. 

 

							
	IGLOO HOLDINGS CORPORATION	  	 	  	HOLDER

									
				
	By:	 	 /s/ Christine Sampson
	  				  	 /s/ Mason Slaine

		 	Signature	  				  	Signature

									
				
	Title:	 	 Chief Financial Officer
	  				  	Date: August 4, 2010
			
	Date: August 4, 2010	  				  	

 [Signature Page to Slaine Option Grant Notice and Agreement] 

  

            , 20     

Igloo Holdings Corporation 
 Attn:
[                    ] 
 Re:
Notice of Exercise 
  

	1.	By delivery of this Notice of Exercise to Igloo Holdings Corporation (the “Company”), I am irrevocably electing to exercise Options to purchase
shares of Stock granted to me under the Company’s 2010 Stock Incentive Plan (the “Plan”). 

  

	2.	The number of shares of Stock I wish to purchase by exercising my Options is
                    . 

  

	3.	The applicable purchase price (or exercise price) is $1.00 per share, resulting in an aggregate purchase price of
$         (the “Aggregate Purchase Price”). 

  

	4.	I am satisfying my obligation to pay the Aggregate Purchase Price by: 

  

	 	 ̈	Delivering to the Company, with this Notice of Exercise, an amount equal to the Aggregate Purchase Price in immediately available United States dollars, or by certified
or bank cashier’s check. 

  

	 	 ̈	Authorizing the Company, through this Notice of Exercise, to effectuate a “net exercise,” pursuant to which I will receive the number of shares of Stock
exercised (as set forth in paragraph 2 above), reduced by the number of shares equal to the Aggregate Purchase Price divided by the Fair Market Value per share on the date of exercise. If required pursuant to the Grant Notice and Agreement
pursuant to which the Options were granted, I have attached to this Notice of Exercise the written communication confirming the consent of the Committee to my use of the net exercise procedure described herein. 

 

	5.	To satisfy the applicable withholding taxes: 

  

	 	 ̈	I have enclosed an amount equal to the applicable withholding taxes in immediately available United States dollars, or by certified or bank cashier’s check.

  

	 	 ̈	I elect to have such amount satisfied by the use of shares of Stock such that the number of shares I receive upon exercise will be reduced (or further reduced if net
exercise was chosen above) by a number of shares with an aggregate Fair Market Value on the date of exercise equal to any federal, state, and local income or other taxes required by law to be withheld by the Company. If required pursuant to the
Grant Notice and Agreement pursuant to which the Options were granted, I have attached to this Notice of Exercise the written communication confirming the consent of the Committee to my use of the withholding tax procedure described herein.

  

	6.	I hereby agree to be bound by all of the terms and conditions set forth in the Plan and any Grant Notice and Agreement pursuant to which the Options were granted. If I
am not the person to whom the Options were granted by the Company, proof of my right to purchase the shares of Stock is enclosed. 

  

	7.	I have been advised to consult with any legal, tax, and financial advisors I have chosen in connection with the purchase of the Stock. 

Dated:                      

 

					
	*	 	  
	    	  

		 	(Optionee’s signature)	    	(Additional signature, if necessary)
		
	  
	    	  

	(Print name)	    	(Print name)
		
	  
	    	  

		
	  
	    	  

	(Full address)	    	(Full address)

  

	*	Each person in whose name Stock is to be registered must sign this Notice of Exercise. (If more than one name is listed, specify whether the owners will hold the Stock
as community property or as joint tenants with the right of survivorship). 

  
 - 12 -Side Letter Agreement

  
 Exhibit 10.18

 SIDE LETTER AGREEMENT 
 This Side Letter Agreement (this “Agreement”) is made as of August 4, 2010, by and among Igloo Holdings Corporation, a Delaware corporation (the “Company”), Mason
Slaine, an individual (“Slaine”), and (collectively, the and together with Slaine, the “Shareholders”). 
 RECITALS 
 WHEREAS, the Shareholders, on the one hand, and Warburg Pincus
Private Equity X, L.P., Warburg Pincus X Partner, L.P., Silver Lake Partners III, L.P., and Silver Lake Technology Investors III, L.P., on the other hand (collectively, the “Sponsors”), have entered into that certain Stock
Purchase Agreement, dated as of August 4, 2010 (the “Purchase Agreement”), pursuant to which the Shareholders have agreed to purchase from the Sponsors, and the Sponsors have agreed to sell to the Shareholders, 20,000,000
shares (the “Purchased Securities”) in the aggregate of common stock of the Company, par value $0.01 per share (the “Common Stock”); 
 WHEREAS, the Shareholders and the Company desire to enter into this Agreement to set forth the terms of their mutual understanding relating to certain transfer restrictions and repurchase rights that
shall apply to the Purchased Securities, as well as any other equity securities of the Company that the Shareholders shall acquire from time to time; and 
 WHEREAS, in connection with the execution and delivery of this Agreement, Slaine has entered into an Employment Agreement, dated as of the date hereof, among the Company, IDC and Slaine (as it may be
amended from time to time, the “Employment Agreement”). 
 NOW, THEREFORE, in consideration of the foregoing,
and the representations, warranties, covenants and conditions set forth below, the parties hereto, intending to be legally bound, hereby agree as follows: 
 1. Definitions. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Shareholders Agreement substantially in the form
attached hereto as Exhibit A (as it may be amended from time to time, the “Shareholders Agreement”), to which the Shareholders shall have been required to become a party as of the closing of the transactions contemplated by
the Purchase Agreement. 

  

	 	2.	Restrictions on Transfers. 

 (a) Transfer Restrictions. The Shareholders acknowledge and agree that the Purchased Securities and any other equity securities of the Company or any of its Subsidiaries that the Shareholders shall
acquire from time to time shall be subject to the transfer restrictions and other provisions of the Shareholders Agreement. The Shareholders and the Company agree that for purposes of the Shareholders Agreement, the term “Other Shareholder
Restricted Period” shall mean, with respect to the Shareholders and their respective Permitted Transferees, the period from the Closing Date until the later of (A) the second (2nd) anniversary of the consummation of the IPO and
(B) the earlier of (x) the fifth anniversary of the Closing Date and (y) the 25% Float Date; provided, however, that following the six month anniversary of the consummation of the IPO, the Other Shareholder Restricted
Period, with respect to the Shareholders and their respective Permitted Transferees, shall be deemed to have expired, as of any date, with respect to an aggregate number of Shares held by the Shareholders and their respective Permitted Transferees
as of such date equal to the Permitted Transfer Share Amount. For purposes of this Section 2(a), “Permitted Transfer Share Amount” shall mean, with respect to a Shareholder as of any date, a number of Shares equal to
(i) the aggregate number of Shares held by such Shareholder and his or its Permitted Transferees immediately following the consummation of the IPO multiplied by (ii) a fraction, the numerator of which is the aggregate number of
Shares Transferred by the Sponsors as of such date either in connection with the consummation of the IPO or following the consummation of the IPO (other than to a Permitted Transferee), and the denominator of which is the aggregate number of Shares
held by the Sponsors and their respective Permitted Transferees immediately prior to the consummation of the IPO. 
 (b)
Obligations of Transferees. Prior to the expiration of the Other Shareholder Restricted Period, any Transferee of Purchased Securities or Option Shares (including Permitted Transferees of a Shareholder that have acquired their Purchased
Securities or Option Shares, as applicable, in accordance with Section 4.02 of the Shareholders Agreement) shall be required, at the time of and as a condition precedent to such Transfer, to become a party to this Agreement (unless such
Transferee is already a party to this Agreement) by executing and delivering such documents as may be necessary, in the determination of the Company, to make such Person a party hereto, whereupon, except as otherwise expressly provided herein, such
Transferee will be treated as a Shareholder for purposes of Sections 2, 3 and 4 of this Agreement, as applicable, with the same rights, benefits and obligations hereunder as Shareholder; provided that, prior to the effectiveness of such
Transfer, each Permitted Transferee to which such Purchased Securities or Option Shares are to be Transferred shall, and the applicable Shareholder shall cause his or its Permitted Transferee’s to agree in writing with the Company to, Transfer
back to such Shareholder (or to another Permitted Transferee of such Shareholder) any Purchased Securities or Option Shares he, she or it owns if such Permitted Transferee ceases to be a Permitted Transferee of such Shareholder prior to the end of
the Other Shareholder Restricted Period. 
 (c) Legends. All certificates representing Purchased Securities and Option
Shares shall bear legends as provided in the Shareholders Agreement. 

  
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	 	3.	Repurchase Rights on Slaine’s Termination of Employment. 

 (a) General. Upon the terms and subject to the conditions set forth in this Section 3, (i) if a Call Event occurs, the Company (and, to the extent provided in Section 3(b)(ii),
Silver Lake and Warburg Pincus) shall have the right, but not the obligation, to purchase, from time to time, all or any portion of the Call Securities then owned by any Shareholder or any of his or its Permitted Transferees (a
“Call”) and (ii) if Slaine’s employment is terminated (x) by the Company without Cause, (y) by Slaine for Good Reason, or (z) on account of Slaine’s death or Disability, each Shareholder (or
Slaine’s estate, as applicable) shall have the right, but not the obligation, to cause the Company to purchase, from time to time, all or any portion of the Put Securities owned by such Shareholder or any of his or its Permitted Transferees (a
“Put”). The right of the Company (or, to the extent provided in Section 3(b)(ii), Silver Lake and Warburg Pincus) to effect a Call and the right of the Shareholders to effect a Put, in each case as set forth in this
Section 3, shall terminate upon the earlier of the consummation of an IPO and the consummation of a Change of Control, whether or not a notice of exercise of any such Call or Put has been given prior to the consummation of an IPO or a Change of
Control. 
  

	 	(b)	Exercise of Call. 

 (i)
If Slaine’s employment with the Company shall be terminated for any reason, the Company shall have the right, but not the obligation, by one or more written notices to the Shareholders (each, a “Call Notice”) delivered on or
prior to the Put/Call Termination Date (unless such Call is being exercised after the occurrence of a Material Breach Event, in which case such Call Notice may be delivered at any time after the occurrence of such Material Breach Event), to Call all
or any specified portion of the Call Securities owned by any such Shareholder or any of his or its Permitted Transferees at the Put/Call Price. Each Call Notice shall set forth the Call Securities applicable to such Call and the Put/Call Price with
respect to such Call Securities as determined in good faith by the Board. 
 (ii) If, at any time prior to the Put/Call
Termination Date, the Company shall determine not to exercise a Call right pursuant to this Section 3 with respect to any Shareholder and/or his or its Permitted Transferees, then the Company shall promptly notify Silver Lake and Warburg Pincus
of such determination. In such event, Silver Lake (and/or its assignee) and Warburg Pincus (and/or its assignee) shall have a pro rata right (based on their relative ownership of Shares at the time of delivery of such notification by the Company) to
exercise such Call right pursuant to the terms and conditions of this Section 3 in the same manner as the Company; provided that in the event that any Sponsor (and/or its assignees) (the “Non-Exercising Sponsor”) elects
not to exercise its Call right for all or any portion of its pro rata share of the Call Securities subject to such Call (the “Non-Exercised Call Securities”), the Company shall promptly notify the other Sponsor of such determination
(including the amount of Non-Exercised Call Securities) and, in such event, such other Sponsor (and/or its assignees) shall have a right to exercise such Call right with respect to all or any portion of the Non-Exercised Call Securities pursuant to
the terms and conditions of this Section 3 in the same manner as the Company. 
 (c) Exercise of Put. If
Slaine’s employment is terminated (x) by the Company without Cause, (y) by Slaine for Good Reason, or (z) on account of Slaine’s death or Disability, and a Material Breach Event has not occurred, any Shareholder (or
Slaine’s estate, as applicable) shall have the right, but not the obligation, by one or more written notices to the Company (each, a “Put Notice”) delivered on or prior to the Put/Call Termination Date, to Put all or any
specified portion of the Put Securities owned by such Shareholder or any of his or its Permitted Transferees at the Put/Call Price. Each Put Notice shall set forth the Put Securities applicable to such Put. No later than ten (10) days after the
delivery of such Put Notice to the Company, the Company shall notify such Shareholder in writing of the Put/Call Price with respect to such Put Securities as determined in good faith by the Board (a “Put Pricing Notice”).

  
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 (d) Objection to
Board’s Determination of Put/Call Price. If a Shareholder believes in good faith that the Put/Call Price is greater than the amount set forth in the Call Notice or the Put Pricing Notice, as applicable, then such Shareholder may deliver a
written notice of objection to the Board within ten (10) days of delivery to such Shareholder of such Call Notice or Put Pricing Notice, as applicable (an “Objection Notice”). If such Shareholder timely delivers such an
Objection Notice, the Company will promptly engage an Independent Appraiser. The Independent Appraiser will be engaged to deliver to the Company and such Shareholder a written determination (such determination to include a report setting forth all
material analyses used in arriving at such determination) within thirty (30) days of being engaged stating the Independent Appraiser’s determination of the Put/Call Price and such Put/Call Price as determined by such Independent Appraiser
shall be deemed to be the Put/Call Price with respect to such Call or Put, as applicable, and shall be final and binding on the parties. If such Put/Call Price determined by the Independent Appraiser is higher than the Put/Call Price previously
determined by the Board, then the costs and expenses of such Independent Appraiser shall be borne by the Company. If such Put/Call Price determined by such Independent Appraiser is not higher than the Put/Call Price previously determined by the
Board, then the costs and expenses of such Independent Appraiser shall be borne by such Shareholder (which costs and expenses may, in whole or in part, be deducted from the cash delivered to such Shareholder and/or his or its Permitted Transferees,
as applicable, at the closing of the purchase of the Call Securities or Put Securities, as applicable, pursuant to Section 3(e)). 
 (e) Closing. Upon the exercise of any Put or Call pursuant to this Section 3, (i) the Company shall, on the Put/Call Closing Date, purchase such Call Securities or Put Securities, as
applicable, from the applicable Shareholder and/or his or its Permitted Transferees, as applicable, for the Put/Call Price, in each case (x) payable in cash and (y) minus any applicable tax withholdings to satisfy the Company’s
minimum statutory withholding requirements, and (ii) the applicable Shareholder and/or his or its Permitted Transferees, as applicable, shall, simultaneously therewith, transfer and deliver such Call Securities or Put Securities, as applicable,
to the Company free and clear of all liens, claims or other encumbrances by delivering to the Company such instruments of transfer as shall reasonably be requested by the Company. In connection with any purchase of Call Securities or Put Securities,
as applicable, pursuant to this Section 3, the Company will be entitled to receive customary representations and warranties from the applicable Shareholder (or his or its Permitted Transferees, if applicable) regarding the purchase of such Call
Securities or Put Securities as may be reasonably requested by the Company, including but not limited to the representation that such Shareholder (or his or its Permitted Transferees, if applicable) has good and marketable title to such Call
Securities or Put Securities to be transferred free and clear of all liens, claims and other encumbrances. 
 (f)
Disgorgement of Profits. In the event a Material Breach Event occurs, at any time thereafter upon delivery of written notice by the Company, each Shareholder shall be obligated to deliver promptly (and, in any event, no later than five
(5) Business Days after delivery of such notice) to the Company in immediately available funds to an account designated by the Company in such notice the excess, if any, of (i) the aggregate gross proceeds previously received by such
Shareholder (or his or its Permitted Transferee) from the Company or any other Person in connection with the Transfer by such Shareholder or his or its Permitted Transferees of any Purchased Securities and Option Shares (including, without
limitation, pursuant to the exercise of all Puts and Calls) prior to the date of such Material Breach Event over (ii) the Cost of all Purchased Securities and Option Shares, as applicable, previously purchased by the Company or any other Person
from such Shareholder or his or its Permitted Transferees. 

  
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 (g) Make-Whole.
Notwithstanding anything herein to the contrary, in the event that (i) Slaine’s employment is terminated by the Company without Cause or by Slaine for Good Reason, (ii) the Company (or its designee) exercises its option to repurchase
the Call Securities pursuant to Section 3(b) above, (iii) a Material Breach Event has not occurred, and (iv) within four (4) months following the Company’s (or its designee’s) exercise of its option to repurchase the
Call Securities pursuant to Section 3(b) above, the Company enters into a definitive agreement that, if consummated, will result in a Change in Control, then, upon and subject to the consummation of such transaction, each Shareholder shall be
entitled to an additional payment from the Company (or its designee, as applicable) in an amount equal to the product of (A) the respective number of shares of Common Stock repurchased by the Company or its designee from such Shareholder upon
the exercise of its repurchase right pursuant to Section 3(b) above, and (B) the positive difference, if any between (x) the price per share of Common Stock received by the Company’s shareholders in connection with such
transaction, and (y) the per share Put/Call Price paid by the Company (or its designee, as applicable) to repurchase the Call Securities upon the exercise of its repurchase right pursuant to Section 3(b) above. The amount payable pursuant
to this Section 3(g) shall be payable promptly following, and subject to, the closing of the transactions contemplated by such definitive agreement contemplated by clause (iv) of the previous sentence. 

 

	 	(h)	Certain Definitions. 

(i) “Call Event” means either (I) the termination of Slaine’s employment for any reason or (II) a Material
Breach Event. 
 (ii) “Call Securities” means (I) in the event Slaine’s employment is terminated by
the Company without Cause, by Slaine with Good Reason or by reason of Slaine’s death or Disability, the Purchased Securities and the Option Shares and (II) in the event Slaine’s employment is terminated by the Company for Cause or by
Slaine without Good Reason, the Purchased Securities. 
 (iii) “Cause” shall have the meaning set forth in the
Employment Agreement. 
 (iv) “Change in Control” shall have the meaning set forth in the Employment
Agreement. 
 (v) “Cost” means (I) with respect to any Purchased Securities, the Purchase Price and (II)
with respect to any Option Share, the exercise price paid upon the exercise of the Option pursuant to which such Option Share was issued to Slaine. 
 (vi) “Disability” shall have the meaning set forth in the Employment Agreement. 
 (vii) “Employee Equity Arrangement” means any option pool, stock option, stock bonus, stock ownership, stock purchase, phantom stock or other equity incentive plan, agreement, commitment
or arrangement for the benefit of one or more employees, directors and/or consultants of the Company or any of its Subsidiaries (other than this Agreement). 

  
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 (viii) “Fair
Market Value” means, with respect to any Call Securities or Put Securities, as applicable, as of the relevant date, (I) the price that a willing buyer would pay for such Call Securities or Put Securities, as applicable, from a willing
seller, in an arms’ length transaction on such date, it being understood that the voting and economic rights associated with such Call Securities or Put Securities, as applicable, shall be taken into consideration but no control premium,
minority discount, discount for illiquidity or other similar type of discount shall be taken into consideration minus (II) such Call Securities’ or Put Securities’, as applicable, pro rata portion (based on the aggregate outstanding equity
securities of the Company on such date) of the aggregate fees and expenses that would reasonably be expected to be incurred by the Company and its Subsidiaries in connection with a Change of Control. 

(ix) “Good Reason” shall have the meaning set forth in the Employment Agreement. 

(x) “Independent Appraiser” means an independent investment banking or valuation firm jointly selected by the Company
and a Shareholder within fifteen (15) days after the date of the Company’s receipt of an Objection Notice; provided that if the Company and such Shareholder are unable to agree upon who shall serve as the Independent Appraiser
within such fifteen (15) day period, (I) each of the Company and such Shareholder within five (5) days of the end of such fifteen (15) day period shall submit a list of the names of four nationally recognized investment banking
or valuation firms, (II) each of the Company and such Shareholder shall strike two of the names submitted by the other party and (III) the Independent Appraiser shall be selected by “lot” from the four remaining names of investment banking
or valuation firms. 
 (xi) “Material Breach Event” means Slaine’s material breach of the
Non-Interference Agreement. 
 (xii) “Material Breach Price” means, with respect to any Call Securities or Put
Securities, a price equal to (I) with respect to any Purchased Securities, the lowest of (x) the Fair Market Value of such Call Securities or Put Securities, as applicable, as of the date of Slaine’s termination of employment,
(y) the Fair Market Value of such Call Securities or Put Securities, as applicable, on the applicable Put/Call Exercise Date and (z) the Cost of such Call Securities or Put Securities, as applicable and (II) with respect to any Option
Shares, the lower or (x) the Fair Market Value of such Call Securities or Put Securities, as applicable, on the applicable Put/Call Exercise Date and (y) the Cost of such Call Securities or Put Securities, as applicable. 

(xiii) “Non-Interference Agreement” shall have the meaning set forth in the Employment Agreement. 

(xiv) “Option” means any options to purchase shares of Common Stock granted pursuant to any Employee Equity
Arrangement. 
 (xv) “Option Shares” means the shares of Common Stock issued to Slaine upon the exercise of
Options. 
 (xvi) “Purchase Price” means the per-share consideration paid by the Shareholders for the
Purchased Securities pursuant to the Purchase Agreement. 

  
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 (xvii)
“Put/Call Closing Date” means, with respect to the relevant Call or Put, the later of (I) twenty five (25) days after delivery of the Call Notice or Put Notice, as applicable (subject to extension to the extent necessary
to obtain required governmental or other approvals), and (II) in the event that an Objection Notice has been timely delivered with respect to the Call Notice or Put Pricing Notice, as applicable, ten (10) days after the determination of the
Put/Call Price by the Independent Appraiser; provided, however, that if, as of the date that otherwise would be the Put/Call Closing Date pursuant to the foregoing clauses (I) and (II), the Company is restricted or prohibited from
paying (or the Company’s Subsidiaries are prohibited or restricted from delivering funds to the Company sufficient to permit the Company to pay) the Put/Call Price with respect to the Call Securities or the Put Securities, as applicable,
pursuant to the terms and conditions of the agreements governing the indebtedness for borrowed money of the Company and its Subsidiaries, then the Put/Call Closing Date shall be the earlier of (x) ten (10) days after the first date on
which such restriction or prohibition has terminated and (y) the one-year anniversary of the delivery of the Call Notice or Put Notice, as applicable. 
 (xviii) “Put/Call Exercise Date” means, as applicable, (I) the date on which the Company delivers a Call Notice to a Shareholder with respect to the Company’s exercise of a Call
with respect to all or a portion of the Call Securities owned by such Shareholder and/or his or its Permitted Transferees and (II) the date on which a Shareholder delivers a Put Notice to the Company with respect to such Shareholder’s exercise
of a Put with respect to all or a portion of the Put Securities owned by such Shareholder and/or his or its Permitted Transferees. 
 (xix) “Put/Call Price” means, with respect to any Call Securities or Put Securities, as applicable, (I) if Slaine’s employment is terminated by the Company for Cause or by
Slaine without Good Reason and a Material Breach Event has not occurred prior to the Put/Call Closing Date, a price equal to the lower of (x) the Fair Market Value of (A) with respect to any Purchased Securities, such Call Securities as of
the date of Slaine’s termination of employment and (B) with respect to any Option Shares, such Call Securities as of the Put/Call Exercise Date and (y) the Cost of such Call Securities, (II) if Slaine’s employment is terminated
for any reason (other than by the Company for Cause or by Slaine without Good Reason) and a Material Breach Event has not occurred prior to the Put/Call Closing Date, a price equal to the Fair Market Value of (x) with respect to any Purchased
Securities, such Call Securities or Put Securities, as applicable, as of the date of Slaine’s termination of employment and (y) with respect to any Option Shares, such Call Securities or Put Securities, as applicable, as of the Put/Call
Exercise Date or (III) if a Material Breach Event has occurred prior to the Put/Call Closing Date, the Material Breach Price. 

(xx) “Put/Call Termination Date” means (I) in the case of the exercise of a Put or Call with respect to any
Purchased Securities, the date that is ninety (90) days following the date of Slaine’s termination of employment and (II) in the case of the exercise of a Put or Call with respect to any Option Shares, the later of (x) the date that
is ninety (90) days following the date of termination of employment of Slaine and (y) the date that is two hundred seventy (270) days following the date of exercise of the Option pursuant to which such Option Shares were issued to
Slaine. 
 (xxi) “Put Securities” means the Purchased Securities and the Option Shares. 

  
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	 	4.	Miscellaneous. 

(a) Entire Agreement; Third Parties. This Agreement and the other agreements referred to herein set forth the entire understanding
among the parties with respect to the subject matter hereof. Except as expressly provided in this Agreement (including Section 3, which shall be for the benefit of the Company, Silver Lake, Warburg Pincus and their respective Affiliates),
nothing in this Agreement, express or implied, is intended to confer upon any party, other than the parties hereto and their respective successors and permitted assigns, any rights under this Agreement 

 

	 	(b)	Amendment. 

 (i) This
Agreement can be amended only by an instrument in writing signed by (x) each of the parties hereto and (y) solely with respect to Section 3, each of Silver Lake and Warburg Pincus. Any provision of this Agreement may be waived if, but
only if, such waiver is in writing and is signed by (A) the party against whom the waiver is to be effective and (B) solely with respect to a waiver by the Company of any provisions for the benefit of Silver Lake and Warburg Pincus in
Section 3, each of Silver Lake and Warburg Pincus. 
 (ii) No failure or delay by any party in exercising any right, power
or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies provided herein
shall be cumulative and not exclusive of any rights or remedies provided by law. 
 (c) Legal Counsel and Interpretation.
Each of the parties hereto acknowledges that each party to this Agreement has been represented by counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law, or any legal decision that
would require interpretation of any claimed ambiguities in this Agreement against the party that drafted it has no application and is expressly waived 
 (d) Successors; Assignment. This Agreement shall bind and inure to the benefit of the parties hereto and their respective successors, assigns, heirs and representatives. No Shareholder shall assign
any of his or its rights hereunder except in connection with a Transfer of the Purchased Securities in compliance with the terms and conditions of the Shareholders Agreement and Section 2 hereof. Any Transfer in derogation of the foregoing
shall be null and void. 
 (e) Survival. All covenants, agreements, representations and warranties made herein shall
survive the execution and delivery hereof and transfer of any Purchased Securities and Option Shares. 
 (f)
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which shall together constitute one and the same instrument. 

  
 - 8 -

  
 (g) Notices.
All notices, consents and other communications required or contemplated by this Agreement shall be in writing and shall be delivered in the manner specified herein or, in the absence of such specification, shall be deemed to have been duly given
(i) when delivered by hand or electronic e-mail, (ii) upon confirmation of receipt when delivered by facsimile transmission, (iii) one (1) day after deposit with a reputable overnight delivery service or (iv) three
(3) days after deposit in the U.S. mail, to the respective addresses, facsimile numbers or electronic email addresses of the parties set forth below: 
 (i) If to the Company, to it at the following address: 
 and

 (ii) If to any Shareholder or any of his or its Permitted Transferees, to Slaine at the following address:

 Mason Slaine 
 with a copy to: 
 (h) Injunctive Relief. Each Shareholder 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. 

  
 -9-

  
 (i) Waiver of Jury
Trial. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY HERETO WAIVES, AND COVENANTS THAT SUCH PARTY WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN
RESPECT OF ANY ISSUE, CLAIM OR PROCEEDING ARISING OUT OF THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH THE DEALINGS OF ANY PARTY HERETO IN CONNECTION WITH ANY OF THE ABOVE, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE. The Company or any Shareholder may file an original counterpart or a copy of this Section 4(i) with any court as written evidence of the consent of the Company’s or such
Shareholder’s waiver of his or its rights to trial by jury. 
 (j) Severability. If any provision of this Agreement
is determined to be invalid, illegal or unenforceable by any governmental entity, the remaining provisions of this Agreement, to the extent permitted by law shall remain in full force and effect provided, that the essential terms and
conditions of this Agreement for all parties remain valid, binding and enforceable. 
 (k) Governing Law; Jurisdiction.
THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF. ANY ACTION OR PROCEEDING AGAINST THE PARTIES RELATING IN ANY WAY TO THIS AGREEMENT MAY BE
BROUGHT AND ENFORCED EXCLUSIVELY IN THE COURTS OF THE STATE OF DELAWARE OR (TO THE EXTENT SUBJECT MATTER JURISDICTION EXISTS THEREFOR) THE U.S. DISTRICT COURT FOR THE DISTRICT OF DELAWARE, AND THE PARTIES IRREVOCABLY SUBMIT TO THE JURISDICTION OF
BOTH SUCH COURTS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING. 
 (l) Stock Splits and Similar Transactions. All
references to numbers of Purchased Securities, Option Shares and Purchase Price in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization or similar transaction affecting the
Purchased Securities, Option Shares or Purchase Price occurring after the date of this Agreement. 
 (m) Employment by the
Company. Nothing contained in this Agreement shall be deemed to obligate the Company or any Subsidiary of the Company to employ Slaine in any capacity whatsoever or to prohibit or restrict the Company (or any such Subsidiary) from terminating
the employment of Slaine at any time or for any reason whatsoever, with or without Cause. 
 [Remainder of page intentionally
left blank] 

  
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 IN WITNESS WHEREOF,
the parties hereto, intending to be legally bound by the terms hereof, have caused this Agreement to be executed as of the date first above written by their officers or other representatives thereunto duly authorized. 

 

			
	 IGLOO HOLDINGS CORPORATION

			
		
	 By:
	 	 /s/ Christine
Sampson

			
	 Name:
	 	Christine Sampson
	 Title:
	 	Chief Financial Officer
	
	 /s/ Mason Slaine

	 Name:
	 	Mason Slaine

 [Signature Page to Side Letter Agreement] 

  
 Exhibit A

 SHAREHOLDERS AGREEMENT

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