Document:

Form of amended and restated shareholders' agreement

 Exhibit 4.6 

ALPINVEST PARTIES 

APAX PARTIES 

BAIN CAPITAL PARTIES 

CO-INVEST PARTIES 

KASLION S.A R.L. 

KASLION HOLDING B.V. 

KONINKLIJKE PHILIPS ELECTRONICS N.V. 

KKR PARTIES 

SILVER LAKE PARTIES 

STICHTING MANAGEMENT CO-INVESTMENT NXP 
  

 

SHAREHOLDERS’ AGREEMENT REGARDING 

NXP SEMICONDUCTORS N.V. 
  

 
 Dated
     July 2010 
 Clifford Chance 

10 Upper Bank Street 

London E14 5JJ 

 Draft Date: 19 July 2010 

 
 CONTENTS 

 

							
	 Article
	 	 	  	Page
			
	 1.
	 	 Definitions and Interpretation
	  	4
		 	1.1	 	 Definitions
	  	4
		 	1.2	 	 Interpretation
	  	9
	 2.
	 	 Conditions
	  	10
	 3.
	 	 Pre-IPO restructuring
	  	10
	 4.
	 	 Governance
	  	11
		 	4.1	 	 Investors Committee
	  	11
		 	4.2	 	 NXP Board
	  	14
		 	4.3	 	 NXP Board Committees
	  	16
		 	4.4	 	 Implementation Matters
	  	16
	 5.
	 	 Registration Rights Agreement
	  	17
	 6.
	 	 Transfer Restrictions
	  	17
		 	6.1	 	 Restriction on Sale of Shares by Parties
	  	17
		 	6.2	 	 Lock-Up and Approval Requirement – Investors and Management
	  	17
		 	6.3	 	 Lock-Up and Approval Requirements – Philips
	  	18
		 	6.4	 	 Transferee Obligations in Respect of Certain Permitted Transfers
	  	18
		 	6.5	 	 Transferee Obligations
	  	19
	 7.
	 	 Tag-Along Rights
	  	19
		 	7.1	 	 Right to Sell Shares
	  	19
		 	7.2	 	 Procedures for Tag-Along Sale
	  	19
	 8.
	 	 Drag-Along rights
	  	20
		 	8.1	 	 Drag-Along Rights
	  	20
		 	8.2	 	 Procedure for Drag-Along Sale
	  	20
	 9.
	 	 Management Foundation Carve Outs
	  	21
	 10.
	 	 Transparency and Anti-Circumvention
	  	21
		 	10.1	 	 Registered Shares
	  	21
		 	10.2	 	 Evidence of Shareholding
	  	21
	 11.
	 	 Future Shares, Co-Investment Shares and Affiliate Shares
	  	21
	 12.
	 	 Confidentiality and Public Announcements
	  	22
		 	12.1	 	 Confidential Information
	  	22
		 	12.2	 	 Announcements
	  	23
		 	12.3	 	 Compliance with Securities Laws
	  	23
	 13.
	 	 Miscellaneous
	  	23
		 	13.1	 	 Corporate Opportunities
	  	23

 Draft Date: 19 July 2010 

 

							
		 	13.2	 	 Group within the meaning of the Securities Exchange Act of 1934
	  	24
		 	13.3	 	 No Partnership; Exculpation Clause
	  	24
		 	13.4	 	 Further Assurances
	  	24
		 	13.5	 	 Specific Performance
	  	24
		 	13.6	 	 Severability
	  	24
		 	13.7	 	 Conflicts or Inconsistencies
	  	24
		 	13.8	 	 Notices
	  	25
		 	13.9	 	 Assignment
	  	25
		 	13.10	 	 Waiver; Amendment
	  	25
		 	13.11	 	 No Recourse
	  	25
		 	13.12	 	 Several Obligations
	  	26
		 	13.13	 	 Third Parties
	  	26
		 	13.14	 	 Termination of Existing Agreements
	  	26
		 	13.15	 	 Entire Agreement
	  	26
		 	13.16	 	 Termination of this Agreement
	  	26
		 	13.17	 	 Applicable Law
	  	26
		 	13.18	 	 Arbitration
	  	27
		 	13.19	 	 Counterparts
	  	27
	Schedule 1 Investors and Investor HoldCos	  	28
	Schedule 2 Form of Registration Rights Agreement	  	30
	Schedule 3 Form of Accession Agreement	  	31
	Schedule 4 Accession Form	  	34
	Schedule 5 Restructuring Steps	  	36
	Schedule 6 Actions Requiring Approval	  	37
	 Part A Shareholder Actions Requiring the Approval of Two Thirds of the Investors Committee
	  	37
	 Part B Shareholder Actions Requiring Approval of a Simple Majority of the Investors Committee
	  	37
	 Part C Other Actions Requiring Approval of a Simple Majority of the Investors Committee
	  	38
	Schedule 7 AlpInvest Advisory Agreement	  	39
	Schedule 8 Co-Investment Share Allocation	  	40
	Schedule 9 Addresses and Fax Numbers for Notices	  	41

 Draft Date: 19 July 2010 

 
 THIS SHAREHOLDERS AGREEMENT is dated     
July 2010. 
 BETWEEN: 
  

	(1)	Each of the AlpInvest Parties (as listed in Schedule 1, together “AlpInvest”); 

 

	(2)	Each of the Apax Parties (as listed in Schedule 1, together “Apax”); 

 

	(3)	Each of the Bain Capital Parties (as listed in Schedule 1, together “Bain”); 

 

	(4)	Each of the Co-Invest Parties (as listed in Schedule 1); 

  

	(5)	Kaslion S. à r.l., a société à responsabilité limitée organized and existing under the laws of Luxembourg having its
registered office at 61, rue de Rollingergrund, L-2440 Luxembourg, Luxembourg and registered with the Trade Register under file number B-119.161 (“LuxCo”); 

 

	(6)	Kaslion Holding B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), incorporated under the laws of The
Netherlands, having its registered office at Frederik Roeskestraat 123 1Hg, 1076 EE Amsterdam, The Netherlands and registered with the Chamber of Commerce under file number 34253301 (“DutchCo”); 

 

	(7)	Koninklijke Philips Electronics N.V., a public company with limited liability (naamloze vennootschap), incorporated under the laws of The Netherlands, having its
registered office at High Tech Campus 60, 5656 AE Eindhoven and registered with the Chamber of Commerce under file number 17001910 (“Philips”); 

 

	(8)	Each of the KKR Parties (as listed in Schedule 1, together “KKR”); 

 

	(9)	Each of the Silver Lake Parties (as listed in Schedule 1, together “SLP”); and 

 

	(10)	Stichting Management Co-Investment NXP, a foundation (stichting) incorporated under the laws of The Netherlands, having its registered office at High Tech Campus
60, 5656 AG Eindhoven and registered with the Chamber of Commerce under file number 34256080 (the “Management Foundation”), 

AlpInvest, Apax, Bain, DutchCo, the Co-Invest Parties, KKR, LuxCo and SLP, and their respective permitted successors and assigns, are collectively
referred to herein as the “Investors” and each of them is referred to as an “Investor”. The Investors, the Management foundation and Philips, together with any Person in the future acceding to this Agreement as
envisaged below, are collectively referred to herein as the “Parties” and each of them a “Party”. 

WHEREAS: 
  

	(A)	On 29 September 2006, the Investors, certain of the Investors’ syndicatees and LuxCo entered into an investors’ agreement (the “2006 Investors
Agreement”) in respect of their shareholdings in LuxCo. 

  

	(B)	 On 29 September 2006, DutchCo, a company indirectly owned by the Investors and the certain of their syndicatees, the Management Foundation and
Philips entered into a 

  

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 Draft Date: 19 July 2010 

 

	 	 
shareholders’ agreement (the “2006 Shareholders Agreement”) in respect of their shareholdings in Kaslion Acquisition B.V. (subsequently renamed NXP Semiconductors N.V.,
“NXP”). 

  

	(C)	It is envisaged that a number of ordinary shares in the capital of NXP will be publicly offered in an initial public offering and that NXP’s shares will be listed
on NASDAQ Global Market (the “IPO”). 

  

	(D)	Simultaneously with the execution of this Agreement, the Parties and NXP are entering into a registration rights agreement in a form substantially similar to Schedule
2 (the “Registration Rights Agreement”) in respect of the ordinary shares in NXP held by each of the relevant Parties. 

  

	(E)	It is also envisaged that the Parties will enter into a lock up agreement with underwriters involved in the IPO. 

 

	(F)	Prior to the IPO the Parties will implement a restructuring of their direct and indirect shareholdings in NXP. 

NOW, THEREFORE, in consideration of the mutual agreements and covenants contained herein, the Parties agree as follows: 

 

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 For purposes
of this Agreement, the following terms shall have the following meanings: 
 2006 Investors Agreement shall have the
meaning set forth in Recital (A) to this Agreement. 
 2006 Shareholders Agreement shall have the meaning set forth in
Recital (B) to this Agreement. 
 Accession Agreement shall mean an agreement substantially in the form of Schedule
3. 
 Accession Form shall mean the declaration of accession in the form of Schedule 4. 

Affiliate or Affiliated Fund shall mean with respect to (a) any Investor, Investor HoldCo, any other Person Controlled
directly or indirectly by such Investor or Investor HoldCo, Controlling directly or indirectly such Investor or Investor HoldCo or directly or indirectly under the same Control as such Investor or Investor HoldCo, or, in each case, a successor
entity to such Investor or Investor HoldCo provided, however, that (i) Affiliate or Affiliated Fund shall not include any portfolio companies of the relevant Investor or its Affiliates and (ii) with respect to each of the
AlpInvest Parties, Affiliate or Affiliated Fund shall not include Stichting Pensioenfonds ABP and Stichting Pensioenfonds Zorg en Welzijn or any of their respective Affiliates that are not Controlled by AlpInvest Partners N.V. and its subsidiaries;
and provided further, for the avoidance of doubt, that all of the funds mentioned underneath a single heading as a group of funds in Schedule 1 shall in any 

 

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 Draft Date: 19 July 2010 

 
 
event be considered Affiliates and Affiliated Funds of each other; and (b) with respect to Philips, another Person Controlled directly or indirectly by Philips, Controlling directly or
indirectly such first Person or directly or indirectly under the same Control as such first Person. 
 Affiliated shall
have a meaning correlative to the foregoing. 
 Affiliate Transfer shall mean, collectively and individually, an Investor
Affiliate Transfer and a Philips Affiliate Transfer. 
 Agreement shall mean this Agreement, as the same may be amended,
supplemented or otherwise modified from time to time in accordance with the terms hereof. 
 AlpInvest and AlpInvest
Parties shall have the meaning set forth in the preamble to this Agreement. 
 Apax and Apax Parties shall have
the meaning set forth in the preamble to this Agreement. 
 Apax HoldCo shall have the meaning set forth in Schedule
1. 
 Authorized Recipients shall have the meaning set forth in Article 12.1. 

Bain and Bain Capital Parties shall have the meaning set forth in the preamble to this Agreement. 

Bain HoldCo shall have the meaning set forth in Schedule 1. 

Business Day shall mean a day on which banks are open for business in Amsterdam, London, New York and Luxembourg (which, for
avoidance of doubt, shall not include Saturdays, Sundays and public holidays in any of these cities). 
 Co-Invest HoldCo
shall have the meaning set forth in Schedule 1. 
 Co-Invest Parties shall have the meaning set forth in the
preamble to this Agreement. 
 Confidential Information shall have the meaning set forth in Article 12.1.2. 

Control shall mean with respect to a Person (other than an individual) (i) direct or indirect ownership of more than 50% of
the voting rights of such Person, or (ii) the right to appoint the majority of the members of the board of directors (or similar governing body) or to manage on a discretionary basis the assets of such Person and, for the avoidance of doubt, a
general partner is deemed to control a limited partnership and, solely for the purposes of this Agreement, a fund advised or managed directly or indirectly by a Person shall also be deemed to be controlled by such Person (and the terms
Controlling and Controlled shall have meanings correlative to the foregoing). 
 Drag-Along Notice shall
have the meaning set forth in Article 8.1.1. 
 Drag-Along Shareholder shall mean each Party other than an Initiating
Shareholder or Initiating Investor, as the case may be. 
  

 - 5 - 

 Draft Date: 19 July 2010 

 
 DutchCo shall have the meaning set forth in the
preamble of this Agreement. 
 Encumbrance shall mean a mortgage, charge, pledge, lien, option, restriction, right of
first refusal, right of pre-emption, third party right or interest, other encumbrance or security interest of any kind, or another type of agreement or arrangement having similar effect. 

Encumber shall have a meaning correlative to the foregoing. 

Existing Advisory Agreement shall mean the advisory services agreement as of September 29, 2006 by and between NXP B.V.,
DutchCo and Philips. 
 Existing Agreements shall mean, individually and collectively, the Existing Advisory Agreement,
the 2006 Investors Agreement, the 2006 Shareholders Agreement. 
 ESOP shall mean, individually and collectively,
(i) the conditions of administration applicable to the Shares held by the Management Foundation and adopted by the board of the Management Foundation and (ii) the terms of any NXP stock option or equity rights plan adopted in accordance
with the NXP Organisational Documents from time to time. 
 FMSA shall mean the Dutch Financial Markets Supervision Act
(Wet op het financieel toezicht), as amended. 
 Group shall mean two or more Persons who agree to act together for
the purpose of acquiring, holding, voting or disposing of Shares. 
 Incur shall mean to issue, create, assume, guarantee,
incur or otherwise become liable for and the terms Incurred and Incurrence shall have meanings correlative to the foregoing. 

Initiating Shareholder shall have the meaning set forth in Article 8.1.1. 

Initiating Investors shall have the meaning set forth in Article 8.1.2. 

Information shall mean the books and records of any member of the NXP Group and information relating to such member of the NXP
Group, its properties, operations, financial condition and affairs. 
 Investor shall have the meaning set forth in the
preamble to this Agreement. 
 Investor Affiliate Transfer shall have the meaning set forth in Article 6.2.1. 

Investor HoldCo shall mean, individually and collectively, Apax HoldCo, Bain HoldCo, Co-Invest HoldCo, the KKR HoldCos and SLP
HoldCo. 
 Investor Representative shall have the meaning set forth in Article 4.1.2(a). 

Investor and Management Lock-Up Period shall have the meaning set forth in Article 6.2.1. 

 

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 Draft Date: 19 July 2010 

 
 Investors Committee shall have the meaning set forth
in Article 4.1.1(a). 
 IPO shall have the meaning set forth in Recital (C) to this Agreement. 

IPO Date means the date of the first prospectus filed with the SEC with respect to the IPO that discloses the final public offering
price. 
 KKR and KKR Parties shall have the meaning set forth in the preamble to this Agreement. 

KKR HoldCos shall have the meaning set forth in Schedule 1. 

Lock-Up Period shall mean, collectively and individually, the Investor and Management Lock-Up Period and the Philips Lock-Up
Period. 
 LuxCo shall have the meaning set forth in the preamble of this Agreement. 

Management Foundation shall have the meaning set forth in the preamble of this Agreement. 

NXP shall have the meaning set forth in the preamble to this Agreement. 

NXP Articles shall mean the articles of association (statuten) of NXP from time to time in effect. 

NXP Board shall mean the board of directors (raad van bestuur) of NXP consisting of non-executive directors and executive
directors. 
 NXP Board Rules shall mean the board rules (bestuursreglement) adopted by the NXP Board in accordance
with the NXP Articles from time to time. 
 NXP General Meeting shall mean a general meeting or extraordinary general
meeting of all shareholders of NXP. 
 NXP Group shall mean NXP and its subsidiary undertakings from time to time.

 NXP Organisational Documents shall mean, individually and collectively, the NXP Articles and the NXP Board Rules.

 Outstanding Share Amount shall have the meaning set forth in Article 6.3.1. 

Permitted Philips Transferee shall have the meaning set forth in Article 6.3.1(b). 

Person shall mean any natural person, corporation, general partnership, limited partnership, limited or unlimited liability
company, proprietorship, joint venture, other business organization, trust, union, association or any U.S. or non-U.S. government, regulatory or administrative authority, agency, instrumentality or commission or any court, tribunal, judicial or
arbitral body or other similar authority. 
 Philips shall have the meaning set forth in the preamble to this Agreement.

 Philips Affiliate Transfer shall have the meaning set forth in Article 6.3.1(a). 

 

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 Draft Date: 19 July 2010 

 
 Philips Lock-Up Period shall have the meaning set
forth in Article 6.3.1. 
 Philips Party shall mean Philips, each Affiliate of Philips that shall have become a Party and
each Permitted Philips Transferee. 
 Public Offering shall mean, with respect to any securities of a class that is the
same as any class of Shares: (i) any sale of such securities to the public in an offering under the laws, rules and regulations of any non-U.S. jurisdiction or (ii) any sale of such securities to the public in an offering pursuant to an
effective Registration Statement under the Securities Act (other than a Registration Statement on Form S-4, F-4 or S-8, or any successor or other forms promulgated for similar purposes). 

Qualified Asian Exchange shall mean the Tokyo Stock Exchange, the Hong Kong Stock Exchange, the Singapore Exchange, the Korea Stock
Exchange and the Taiwan Stock Exchange. 
 Qualified Public Offering means a Public Offering of an amount of equity
securities of NXP or a successor entity which, immediately following the closing of such Public Offering, equals or exceeds 10% of NXP’s (or the successor’s) then issued and outstanding equity securities, provided that (a) immediately
after the closing of such Public Offering, NXP’s (or the successor’s) equity securities are traded on a national securities exchange or through the Nasdaq National Market, the London Stock Exchange, or are otherwise actively traded
over-the-counter and (b) the aggregate gross proceeds of such Public Offering (net of underwriting discounts and commissions) equal or exceed €1,000,000,000 (or the equivalent in other currencies). 

Registration Rights Agreement shall have the meaning set forth in Recital (D) to this Agreement. 

Registration Statement shall mean a prospectus and other documents filed with the SEC to effect a registration under the Securities
Act. 
 Representatives shall mean the Investor Representative(s), any advisor to the NXP Board of the Parties or their
Affiliates (excluding, for the avoidance of doubt, any member of the NXP Group) and such Party’s and each such Affiliate’s respective directors, managers, officers, partners, members, principals, employees, professional advisers and
agents. 
 Restructuring shall have the meaning set forth in Article 3.1.1. 

Rule 144 shall mean Rule 144 promulgated by the SEC under the Securities Act, and any successor provision thereto. 

SEC shall mean the U.S. Securities and Exchange Commission. 

Securities Act shall mean the U.S. Securities Act of 1933, as amended. 

Sell shall mean, when used with respect to any Shares or Investor HoldCo shares, to (i) offer, sell, contract to sell, sell
any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Shares, or any other securities so owned convertible
into or exercisable or exchangeable for Shares or (ii) 
  

 - 8 - 

 Draft Date: 19 July 2010 

 
 
enter into any total return swap, sub participation, credit default swap or other arrangement that transfers to another, in whole or in part, the economic ownership or any of the rewards and
economic consequences of ownership of the Shares, whether any such transaction described under (i) or (ii) above is to be settled by delivery of Shares or such other securities, in cash or otherwise, either voluntarily or involuntarily,
and however occurring, and the terms “Sale” and “Sold” shall have meanings correlative to the foregoing. 

Selling Shareholder shall mean a Party, other than a Tag-Along Shareholder, initiating a Sale pursuant to Article 7. 

Shares shall mean the ordinary shares, each with a par value of €0.20 (twenty eurocents) in NXP outstanding from time to time.

 Shareholder shall mean a holder of Shares from time to time. 

SLP and Silver Lake Parties shall have the meaning set forth in the preamble to this Agreement. 

SLP HoldCo shall have the meaning set forth in Schedule 1. 

Tag-Along Notice shall have the meaning set forth in Article 7.2.1. 

Tag-Along Right shall have the meaning set forth in Article 7.2.1. 

Tag-Along Shareholders shall mean the Parties other than a Selling Shareholder. 

Third Party shall mean, any Person (or Group) that is not a Party or an Affiliate of a Party. 

Voting Interest of a Party at a particular time shall mean the aggregate number of votes exercisable at an NXP General Meeting,
attached to the shares in NXP comprised in the Shares (i) held by the Party at that time or (ii) with respect to which the Party at that time has the authority and power to vote pursuant to a power of attorney, transfer of voting rights or
otherwise. 
 Voting Interest Percentage of a Party at a particular time shall mean the Voting Interest of the Party at
that time divided by the total number of Shares outstanding at that time, times 100%. 
  

	1.2	Interpretation 

  

	 	1.2.1	Whenever the words “include,” “includes” or “including” are used in this Agreement they shall be deemed to be
followed by the words “without limitation.” 

  

	 	1.2.2	The words “hereof,” “herein” and “herewith” and words of similar import shall, unless otherwise stated, be construed
to refer to this Agreement as a whole and not to any particular provision of this Agreement, and article, section, paragraph, exhibit and schedule references are to the articles, sections, paragraphs, exhibits and schedules of this Agreement unless
otherwise specified. 

  

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 Draft Date: 19 July 2010 

 

	 	1.2.3	The meaning assigned to each term defined herein shall be equally applicable to both the singular and the plural forms of such term, and words denoting any gender shall
include all genders. Where a word or phrase is defined herein, each of its other grammatical forms shall have a corresponding meaning. 

  

	 	1.2.4	A reference to any Party or any party to any other agreement or document shall include such Party or Party’s successors and permitted assigns.

  

	 	1.2.5	A reference to any legislation or to any provision of any legislation shall include any amendment to, and any modification or re-enactment thereof, any legislative
provision substituted therefor and all regulations and statutory instruments issued thereunder or pursuant thereto. 

  

	2.	CONDITIONS 

 Other than
Article 3, which shall become effective on the date hereof, this Agreement shall become effective as of the date immediately preceding the IPO Date provided, that if for any reason the IPO is not consummated the provisions of this Agreement other
than Article 3.1.3 and Article 13 (to the extent applicable to give effect to Article 3.1.3) shall be treated as never having become effective. 
  

	3.	PRE-IPO RESTRUCTURING 

  

	 	3.1.1	The Investors agree to restructure their direct and indirect shareholding in NXP prior to the IPO, or at such later date, as a whole or in part, as the Investors
Committee may decide (taking into account any public disclosure obligations that might be triggered under applicable U.S. securities laws or otherwise), in accordance with the steps set out in Schedule 5 subject to such changes and additional
steps as the Investors Committee may approve in writing (the “Restructuring”). 

  

	 	3.1.2	The Investors agree to execute any and all documents, deeds, agreements, powers of attorney, notices, acknowledgements, agreements, memoranda, statements and
certificates as may be ancillary, necessary, required or useful in connection with the Restructuring and the implementation thereof. 

  

	 	3.1.3	In the event that the IPO is not consummated within 10 (ten) Business Days following the implementation of the Restructuring, (i) the Investors shall take such
actions as the Investors Committee deems necessary or appropriate to unwind part or all of the Restructuring, (ii) the remaining articles of this Agreement shall not become effective and the 2006 Shareholders Agreement will continue to govern
the rights and obligations of the parties thereto, provided that each holder of Shares at such time that is not a party to the 2006 Shareholders Agreement shall have entered into a joinder or similar arrangement whereby such holder
shall become bound and obligated under the 2006 Shareholders Agreement with the same effect as if such holder were an “Investor” named in the 2006 Shareholders Agreement and provided, further, that if such holders shall not
have become so bound, the 2006 Shareholders Agreement shall cease to bind the Parties and (iii) the Investors will continue to be subject to their additional obligations pursuant to the 2006 Investors Agreement, subject to such amendments as
the Investors Committee determines. 

  

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 Draft Date: 19 July 2010 

 

	4.	GOVERNANCE 

  

	4.1	Investors Committee 

  

	 	4.1.1	Purpose of the Investors Committee 

  

	 	(a)	The Investors agree that the principal governing body of their investment in the NXP Group will be a committee of representatives of the Investors (the
“Investors Committee”), to the fullest extent permitted by law, recognizing that the Investors Committee is a creation of contract and not of corporate law. 

 

	 	(b)	Each Investor shall take any and all action within its power to effectuate any decision taken by the Investors Committee pursuant to this Agreement (whether affirmative
or negative), and no Investor shall take any action that would contravene any decision taken by the Investors Committee (whether affirmative or negative). Each Investor agrees that, unless and until any matter that requires the prior approval of the
Investors Committee as set forth in this Agreement or elsewhere in this Agreement has been considered and either approved or rejected in writing by the Investors Committee or if any other matter otherwise is considered and either approved or
rejected in writing by the Investors Committee, it shall take any and all actions to the extent such actions are within its power and control in its capacity as a shareholder of NXP (i) to procure that such matter shall not be placed on the
agenda of any NXP General Meeting and that consideration of such matter at any NXP General Meeting shall be delayed and (ii) in any event, to refrain from voting on such matter (whether for or against) at any such NXP General Meeting and
abstain, and cause each of their Affiliates to abstain, from entering into any agreement with NXP or its Affiliates. 

  

	 	4.1.2	Investors Committee Composition 

  

	 	(a)	The Investors Committee shall consist initially of five members. Each of the Investors shall be entitled to designate one member of the Investors Committee, who shall
at all times be the same Person as the relevant Investor’s nominated non-executive member of the NXP Board (or any of such nominees) appointed in accordance with Article 4.2.1 (each such member, an “Investor Representative”)
and one observer for such Investor Representative. The Investors Committee shall not have a chairman. Each initial Investor Representative and initial observer is identified below opposite the name of the designating Investor.

  

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 Draft Date: 19 July 2010 

 

					
	 Designating Investor
	  	 Investor Representative
	  	 Observer

			
	 AlpInvest
	  	Volkert Doeksen	  	Erik Thyssen
			
	 Apax
	  	Richard Wilson	  	Roy Mackenzie
			
	 Bain
	  	Michel Plantevin	  	Ian Loring
			
	 KKR
	  	Johannes Huth	  	Nicolas Cattelain
			
	 SLP
	  	Egon Durban	  	Simon Patterson

 To provide for
continuity within the Investors Committee, each Investor shall use best efforts to ensure that the relevant initial Investor Representative and, when appropriate, observer shall attend the meetings of the Investors Committee in person but may attend
by telephone if valid reasons are given to the Investors Committee. Only in exceptional circumstances will an Investor appoint an attorney or observer other than an initial observer to attend an Investors Committee meeting on such Investors behalf.

  

	 	(b)	An Investor shall not be entitled to designate an Investor Representative (or observer) in the event that such Investor shall cease (together with its Affiliates) to
hold a Voting Interest Percentage of at least 2.5%. Any Investor shall have the right to voluntarily relinquish its ability to designate an Investor Representative under this Agreement by delivery of written notice to the other Investors. To the
extent any Investor shall cease to be entitled to designate an Investor Representative, the size of the Investors Committee shall be deemed to automatically decrease accordingly, such Investor Representative shall immediately cease to be a member of
the Investors Committee, and the Investor’s observer immediately shall cease to be entitled to attend the meetings of the Investors Committee. 

  

	 	(c)	Any Investor Representative (or observer) may be removed (with or without cause) from time to time and at any time solely by the Investor designating such Investor
Representative. Any vacancy on the Investors Committee in respect of an Investor Representative (or observer) designated by an Investor may be filled by the Investor entitled to designate such Investor Representative. 

 

	 	(d)	Notwithstanding anything to the contrary contained in this Agreement, the rights of the Investors to designate individuals to serve on the Investors Committee or as
observers thereto shall not be transferable, directly or indirectly. 

  

	 	4.1.3	Meetings of the Investors Committee; Observers. 

  

	 	(a)	 An Investors Committee meeting will be called (i) prior to any NXP General Meeting or (ii) at the request of any two or more of the Investors
on not less than 24 (twenty-four) hours’ notice to each Investor Representative, either personally, by telephone, by mail, by telecopy, by electronic mail or by any other means of communication reasonably calculated to give notice, and at such
time and place as shall from time to time be determined by the Investors Committee. 

  

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 Draft Date: 19 July 2010 

 

	 	 
Notice of such meeting shall include an agenda of the topics to be discussed and voted upon. Notice of a meeting need not be given to any Investor Representative if a written waiver of notice,
executed by such Investor Representative before or after the meeting, is filed with the records of the meeting, or to any Investor Representative who attends the meeting. A waiver of notice need not specify the purposes of the meeting.

  

	 	(b)	Each designated observer shall receive the same notices and documentation (including the agenda, minutes, committee reports and any other documentation) for such
meeting as is given to the Investor Representatives. If an Investor Representative designated by an Investor does not attend a meeting of the Investors Committee, the observer designated by that Investor will be entitled to vote in that meeting.
Otherwise, an observer shall not have the right to vote on any matter under consideration by the Investors Committee. An observer shall be bound by the same duties of confidentiality as apply to the Investor Representatives (and any observer will be
required to execute any confidentiality undertaking as may reasonably be requested by the Investors Committee). 

  

	 	4.1.4	Quorum and Decisions of the Investors Committee. 

  

	 	(a)	Each member of the Investors Committee shall have total voting power at any time equal to the aggregate Voting Interest at that time held by the Investor who designated
that member of the Investors Committee. At all duly called meetings of the Investors Committee, Investor Representatives representing at least a simple majority of the total voting power of the members of the Investors Committee shall constitute a
quorum for the transaction of business. If a quorum shall not be present at any meeting of the Investors Committee, the Investor Representatives present shall adjourn the meeting. No quorum shall be required for the next duly called meeting.

	 	

	 	(b)	Subject to Article 4.1.4(c), all decisions of the Investors Committee shall be taken by simple majority of the total voting power of the members of the Investors
Committee (as determined pursuant to Article 4.1.4(a)). For avoidance of doubt, an Investor Representative representing one or more absent Investor Representatives by proxy or power of attorney shall be entitled to cast the votes of each such absent
Investor Representative. Subject to Article 4.1.4(c), decisions of the Investors Committee may be taken or ratified by written consent by Investor Representatives representing a simple majority of the total voting power of the member of the
Investors Committee (as determined pursuant to Article 4.1.4(a)), following at least 24 hours’ prior written notice of such action to all Investor Representatives. Any resolution or other action taken by the Investors Committee, whether in a
meeting or by written consent, shall be notified to all Investors promptly after it is taken, unless all Investor Representatives were present at such meeting (in person or by telephone or by proxy or power of attorney) or all Investor
Representatives have signed the written consent. 

  

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 Draft Date: 19 July 2010 

 

	 	(c)	Any of the actions set forth in Part A of Schedule 6 require the approval of at least two thirds of the votes that can be validly cast by the Investor
Representatives (excluding any Investor Representative otherwise explicitly prevented from voting with respect to such matter by the terms of this Agreement). 

 

	 	4.1.5	Voting in accordance with the instructions of the Investors Committee 

For as long as the combined shareholding in NXP of the Investors and their Affiliates equals at least 25% of the Shares held by the
Investors at the date of the IPO, each Investor agrees to exercise its respective voting rights in any NXP General Meeting in respect of the matters listed in Schedule 6 in accordance with the decisions, as adopted with the relevant majority
required under Articles 4.1.4(b) or 4.1.4(c), of the Investors Committee. 

	4.2	NXP Board 

  

	 	4.2.1	Composition of the NXP Board 

  

	 	(a)	Subject to Article 4.2.1(d), the Parties agree to exercise their respective voting rights in any NXP General Meeting such that the NXP Board will include the following
non-executive members: 

  

	 	(i)	one person nominated by Apax; 

  

	 	(ii)	two persons nominated by Bain; 

  

	 	(iii)	two persons nominated by KKR; 

  

	 	(iv)	one person nominated by Philips; and 

  

	 	(v)	one person nominated by SLP. 

  

	 	(b)	The Parties acknowledge that immediately following the IPO the NXP Board will include the following non-executive members: 

 

			
	 Designated by
	  	 Non-Executive Member

		
	 Apax
	  	Richard Wilson
		
	 Bain
	  	Michel Plantevin
		
	 Bain
	  	Ian Loring
		
	 KKR
	  	Johannes Huth
		
	 KKR
	  	Nicolas Cattelain
		
	 Philips
	  	Eric Coutinho
		
	 SLP
	  	Egon Durban

  

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 Draft Date: 19 July 2010 

 

	 	(c)	In addition, the Parties acknowledge that AlpInvest will enter into an advisory arrangement with NXP substantially in a form attached as Schedule 7.

  

	 	(d)	For the avoidance of doubt and without prejudice to the rights of other Parties, Philips shall have the right, at its sole discretion and at any time, to renounce its
right to designate a member of the NXP Board, and from the date of such renunciation, Philips shall have no right to designate a member of the NXP Board and shall not be obligated to exercise its voting rights in favour of the nominees of the other
Parties. Any such renunciation by Philips shall be irrevocable. 

  

	 	4.2.2	Changes in Shareholding 

  

	 	(a)	In the event an Investor (together with its Affiliates) ceases to hold a Voting Interest Percentage at least equal to 2.5% then (i) unless approved otherwise by
the Investors Committee, such Investor (together with any Investor that is Affiliated with such Investor) shall take all action necessary to procure that the non-executive member of the NXP Board nominated by such Investor shall immediately resign
and (ii) such Investor and its Affiliates shall from that time forward no longer have the right to nominate for removal, appointment or re-appointment any non-executive member of the NXP Board. An Investor ceasing to hold (either alone or
together with its Affiliates) a Voting Interest Percentage at least equal to 2.5% shall promptly notify the Investors Committee thereof. 

  

	 	(b)	In the event that the Philips Parties collectively cease to hold a Voting Interest Percentage at least equal to 10%, then (i) Philips shall take all action
necessary to procure that the non-executive member of the NXP Board nominated by Philips shall immediately resign, (ii) Philips shall from that time forward not have the right to nominate for removal, appointment or re-appointment of any
non-executive member of the NXP Board and (iii) the Philips Parties shall from that time forward no longer be obligated to exercise their voting rights in favour of nominees proposed by the other Parties pursuant to Article 4.2.1. At such
time as the Philips Parties collectively cease to hold a Voting Interest Percentage at least equal to 10%, Philips shall promptly notify the Investors Committee thereof. 

 

	 	(c)	In the event that the Investors and their Affiliates collectively cease to hold a Voting Interest Percentage at least equal to 25% in the aggregate, then Philips shall
from that time forward no longer be obligated to exercise its voting rights in favour of nominees proposed by the other Parties pursuant to Article 4.2.1. 

 

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 Draft Date: 19 July 2010 

 

	4.3	NXP Board Committees 

  

	 	4.3.1	Composition of NXP Board Committees 

  

	 	(a)	The Parties acknowledge that pursuant to the NXP Organisational Documents the NXP Board may from time to time establish one or more committees, each of which shall have
such number of members as is determined from time to time by the NXP Board acting in accordance with the NXP nomination and governance procedures. 

  

	 	(b)	As at the date of the IPO, the NXP Board will have established a nominating and compensation committee consisting of three non-executive directors, including at least
one independent non-executive member. At the date of the IPO, the initial members of the nominating and compensation committee include one member designated by KKR, being Johannes Huth, and one member designated by Bain, being Michel Plantevin. Any
future appointments or replacements of any board committee members will be decided upon in accordance with the NXP Board Rules. 

  

	 	(c)	It is contemplated that none of the non-executive members named in Article 4.2.1(b) shall serve on the audit committee of the NXP Board. Any decision to the contrary
requires the prior written approval of the Investors Committee. 

  

	 	4.3.2	Acting in concert 

 The Parties
acknowledge and agree that, if and to the extent the Dutch public offer rules under the FMSA were deemed to be applicable to NXP and the Shareholders, the Investors are jointly deemed to have control (overwegende zeggenschap) within the
meaning of the FMSA as per the date of the IPO, as a result of which they benefit from the exemption from the Dutch mandatory offer requirement under article 5:71 (i) of the FMSA (if applicable). 

 

	4.4	Implementation Matters 

  

	 	4.4.1	Effectuating the Intent of the Parties 

Each Party shall (i) vote its Shares and take all other action in its power and authority as a direct or indirect Shareholder and
(ii) if applicable, instruct its Investor Representative to exercise their voting rights on the Investors Committee in a manner consistent with the rights and obligations of the Parties under this Agreement so as to effectuate and preserve the
intent of the Parties as set out herein. 
  

	 	4.4.2	Additional Actions 

 The Parties
acknowledge that in certain instances a provision of this Agreement may not be enforceable or that its enforceability may be limited by applicable law. Nevertheless, the Parties agree that they intend to be bound by the terms of this Agreement and,
if any provision is held to be unenforceable, the Parties agree to use their reasonable efforts to implement an alternative enforceable mechanism that would effect, as closely as possible, the intent of the Parties as reflected in or provided by the
unenforceable provision. 
  

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 Draft Date: 19 July 2010 

 

	5.	REGISTRATION RIGHTS AGREEMENT 

Until such time that the Investors Committee has granted its written approval, the Parties agree to abstain from exercising any rights
under the Registration Rights Agreement; provided, however, that this Article 5 shall not affect: 
  

	 	(a)	the ability of any Party to enforce the obligations of NXP to file and maintain the effectiveness of a Shelf Registration Statement (as defined in the Registration
Rights Agreement) and NXP’s other obligations under Section 2.1 of the Registration Rights Agreement; 

  

	 	(b)	the rights of each Party to make registered sales of Shares under the Shelf Registration Statement from time to time (provided that such sales are made in
accordance with Article 6.2 and 6.3 respectively as the case may be); or 

  

	 	(c)	the rights of the Parties to Sell Shares pursuant to a Piggyback Registration (as defined in the Registration Rights Agreement) or to participate in (but not initiate)
a Demand Registration pursuant to Section 2.2(c) of the Registration Rights Agreement. 

  

	6.	TRANSFER RESTRICTIONS 

  

	6.1	Restriction on Sale of Shares by Parties. 

Without prejudice to Article 9, any transaction by a Party to Sell or Encumber Shares or Investor HoldCo shares will be subject to the
applicable restrictions set out in each of Articles 6, 7 and 8, provided that these restrictions with respect to such transaction will in no event apply to Shares acquired by a Party from a Third Party following the IPO. 

 

	6.2	Lock-Up and Approval Requirement – Investors and Management 

  

	 	6.2.1	Notwithstanding any demand or piggyback or shelf registration rights under the Registration Rights Agreement (except as specifically referenced in the proviso below),
until the first to occur of (i) the Investors and their Affiliates collectively ceasing to hold 25% of the Shares held by the Investors at the time of the IPO or (ii) the Parties’ and their Affiliates combined Voting Interest
Percentage falling below 10% (the “Investor and Management Lock-Up Period”), 

  

	 	(a)	neither the Management Foundation nor any Investor may Sell or Encumber any of its Shares; and 

 

	 	(b)	no Investor may Sell or Encumber any of its Investor HoldCo shares, 

unless such Party obtains the prior written approval of the Investors Committee, provided that such Party may at any time and
without the prior approval of the Investors Committee (A) subject to Article 6.4, Sell or Encumber any of its Shares or its Investor HoldCo shares to an Affiliate (such 

 

 - 17 - 

 Draft Date: 19 July 2010 

 
 
transfer being an “Investor Affiliate Transfer”), (B) Sell Shares pursuant to a Piggyback Registration (as defined in the Registration Rights Agreement) or pursuant to
participation in a Demand Registration as provided for in Section 2.2(c) of the Registration Rights Agreement or (C) Sell Shares pursuant to the tag-along rights provided for in Article 7. 

 

	6.3	Lock-Up and Approval Requirements – Philips 

  

	 	6.3.1	Until the first to occur of (i) the Investors’ and their Affiliates combined Voting Interest Percentage falling below 20% or (ii) the date falling 36
(thirty-six) months following the date of the IPO (the “Philips Lock-Up Period”), no Philips Party may Sell or Encumber any of its Shares unless it obtains the prior written approval of the Investors Committee, provided,
however, that each Philips Party may at any time and without the prior approval of the Investors Committee: 

  

	 	(a)	Sell, subject to Article 6.4, any of its Shares to an Affiliate (such transfer being a “Philips Affiliate Transfer”); 

 

	 	(b)	Sell, subject to Article 6.5, Shares to one or two pension funds designated by Philips that are operated for the benefit of current or former Philips employees (each
such Person a “Permitted Philips Transferee”); 

  

	 	(c)	Sell Shares to one or more Third Parties, provided that the aggregate number of Shares that can be sold by the Philips Parties pursuant to this Article 6.3.1(c)
may not exceed (A) 4% of the Outstanding Share Amount during the 12 (twelve) month period immediately preceding the date of the consummation of any such Sale and (B) 2% of the Outstanding Share Amount during the 3 (three) month period
immediately preceding the date of the consummation of any such Sale; 

  

	 	(d)	Sell Shares pursuant to a Piggyback Registration (as defined in the Registration Rights Agreement) or pursuant to participation in a Demand Registration as provided for
in Section 2.2(c) of the Registration Rights Agreement; and 

  

	 	(e)	Sell Shares pursuant to the tag-along rights provided for in Article 7. 

For purposes of this Article 6.3.1 “Outstanding Share Amount” shall mean (i) with respect to any Sale of
Shares for which a Form 144 has been filed with the SEC, the number of Shares outstanding as shown on such form and (ii) with respect to any other Sale of Shares, that number of Shares that shall have been most recently disclosed by NXP in its
public filings with the SEC. 
  

	6.4	Transferee Obligations in Respect of Certain Permitted Transfers 

In the event of an Affiliate Transfer or transfer by a Philips Party pursuant to Article 6.3.1(a), if the transferee is not already a
Party, the transferee must execute the Accession Form prior to the Sale. Upon execution of the Accession Form, the Parties hereby irrevocably and unconditionally accept such transferee as a party to this

  

 - 18 - 

 Draft Date: 19 July 2010 

 
 
Agreement. Unless waived by the Investors Committee and Philips, in the event of an Affiliate Transfer, the transferor shall be jointly and severally liable for the performance by the transferee
of its obligations under this Agreement, provided that Philips shall in no case be liable for acts or omissions of the Permitted Philips Transferee. 
  

	6.5	Transferee Obligations 

  

	 	6.5.1	Unless waived by the Investors Committee and the Philips Parties, in the event of a Sale which requires the approval by the Investors Committee under this Agreement, if
the transferee is not already a Party, the transferee must execute an Accession Agreement prior to the Sale. The Parties, other than Philips, hereby irrevocably appoint each member of the Investors Committee as their attorney, with full power of
substitution, to execute any Accession Agreement on behalf of such Parties. Philips undertakes promptly to sign any Accession Agreement to the extent such Accession Agreement does not affect it in a manner that is materially adverse to its rights
under this Agreement. 

  

	 	6.5.2	The Investors Committee may make any approval it provides pursuant to Articles 6.2.1 or 6.3.1 to a Sale or Encumbrance subject to specific conditions being satisfied by
the relevant Party and its Third Party transferee. The foregoing provision shall not apply, however, to any Sale of Shares in any Public Offering or pursuant to Rule 144 under the Securities Act. For the avoidance of doubt the Permitted
Philips Transferees will not have the special rights given to Philips pursuant to Article 6.3.1(b). 

  

	7.	TAG-ALONG RIGHTS 

  

	7.1	Right to Sell Shares. 

Notwithstanding the written approval requirements set out in Articles 6.2 and for as long as the Parties hold 25% of the Shares held by
the Parties at the time of the IPO, except for Affiliate Transfers or any Sale of Shares by a Philips Party, no Party shall, alone or in concert with any other Parties, in any transaction or series of transactions, Sell any Shares to a Third Party,
unless each Tag-Along Shareholder, or another entity designated by such Tag-Along Shareholder, shall have been given the right (but not an obligation) to elect to Sell to the same Third Party purchaser, subject to the consummation of the proposed
Sale, at the same price and on the same terms and conditions, such number of Shares held by the Tag-Along shareholder equal to the product of (i) the total number of Shares proposed to be Sold by all Parties to such Third Party purchaser
multiplied by (ii) a fraction, the numerator of which is the aggregate number of Shares owned by the Tag-Along Shareholder and the denominator of which is the aggregate number of Shares collectively owned by the Selling Shareholder and each
Tag-Along Shareholder who wish to sell in that Sale. 
  

	7.2	Procedures for Tag-Along Sale. 

  

	 	7.2.1	 Subject to Article 7.2.2, with respect to any Sale of Shares subject to Article 7.1, a Selling Shareholder shall deliver to the Tag-Along Shareholders
a written notice no later than 5 (five) Business Days prior to the closing of the proposed Sale (the “Tag-Along Notice”), which shall specifically identify in

  

 - 19 - 

 Draft Date: 19 July 2010 

 

	 	 
the event of a Sale pursuant to Article 7.1 the proposed Third Party purchaser, the number of Shares being Sold and the purchase price therefor (including if consideration will consist in part or
in whole of property other than cash), and shall offer the right (the “Tag-Along Right”) to each of the Tag-Along Shareholders to Sell an amount of Shares equal to the amount that may be Sold by such Tag-Along Shareholder pursuant
to Article 7.1 at the purchase price and upon the other terms set forth in the Tag-Along Notice. 

  

	 	7.2.2	In the event that the Investors Committee approves in writing the exercise by a Party of demand registration rights under the Registration Rights Agreement in respect
of a specific number of Shares (taking account of the cutback provisions set out in section 2.2 of the Registration Rights Agreement), the provisions of Section 2.2 of the Registration Rights agreement shall apply. 

 

	8.	DRAG-ALONG RIGHTS 

  

	8.1	Drag-Along Rights. 

Without prejudice to the approval requirements set out in Articles 6.2 and 6.3 (provided, however, that if any Sale to which this Article
8 applies has been approved, no approval shall be required for the exercise of the other rights of the Parties with respect to such Sale provided for in this Article): 
  

	 	8.1.1	if Parties collectively holding more than 40% of the outstanding Shares (the “Initiating Shareholders”) wish to Sell all (but not less than all) of
their Shares to a Third Party purchaser, the Initiating Shareholders may require the other Parties also to Sell all (but not less than all) their Shares to that Third Party purchaser at the same economic terms and conditions as those that apply to
the Sale by the Initiating Shareholders; or 

  

	 	8.1.2	if (i) a Third Party makes a public offer for all of the outstanding Shares, (ii) that offer has been recommended by the NXP Board and (iii) Investors
representing more than 30% of the outstanding Shares at such time (the “Initiating Investors”) agree to tender all (but not less than all) of their Shares into or under the terms of the offer, the Initiating Investors may require
that the other Parties also tender all (but not less than all) their Shares into or under the offer. 

  

	 	8.1.3	Under no circumstances shall any Party be required to agree to accept any consideration not wholly consisting of a combination of cash, cash equivalents or securities
listed or qualified for trading on a generally recognized and generally accepted stock exchange in the United States or Europe or on a Qualified Asian Exchange. 

 

	8.2	Procedure for Drag-Along Sale 

With respect to any Sale of Shares subject to Articles 8.1.1 or 8.1.2, each Initiating Shareholder or the Initiating Investors, as the
case may be, shall deliver a written notice (a “Drag-Along Notice”) to that effect to each Drag-Along Shareholder no later than 10 (ten) Business Days prior to the consummation of the proposed Sale or offer, as the case may be,
stating that such Initiating Shareholder or Initiating 
  

 - 20 - 

 Draft Date: 19 July 2010 

 
 
Investors, as the case may be, wish to exercise their rights under Articles 8.1.1 or 8.1.2 with respect to such Sale, and setting forth the name and address of the Third Party purchaser, the
number of Shares proposed to be Sold, the proposed amount and form of the consideration, and all other material terms and conditions offered by the Third Party purchaser. Upon delivery of a Drag-Along Notice, each Drag-Along Shareholder shall be
required to Sell that number of Shares required to be Sold by it pursuant to Articles 8.1.1 or 8.1.2, subject to the consummation of the proposed Sale or offer, as the case may be, at the same price and on the same terms and conditions as set forth
in the Drag-Along Notice. Each Drag-along Shareholder shall (i) take all such actions and exercise voting rights with respect to the Shares or its right to act by written consent, as applicable, in such manner as may be necessary and
appropriate to ensure that the Sale is consummated and (ii) shall bear its proportionate share of all Third Party transaction fees and expenses in connection with such Sale. 

 

	9.	MANAGEMENT FOUNDATION CARVE OUTS 

  

	 	9.1.1	The Parties agree that the restrictions set out in Articles 6 and 7 do not apply in respect of a Sale of Shares or depositary receipts by the Management Foundation, in
both cases to the extent such sales are permitted under the terms of the applicable ESOP. 

  

	 	9.1.2	The Management Foundation acknowledges that it will not be entitled to any Tag-Along Rights pursuant to Article 7 if and to the extent the applicable ESOP does not or
not yet permit a Sale of the relevant Shares or depositary receipts. 

  

	10.	TRANSPARENCY AND ANTI-CIRCUMVENTION 

  

	10.1	Registered Shares 

 To
facilitate transparency the Parties agree that the Shares will remain registered in NXP’s shareholders’ register in the name of the relevant Shareholders until and unless they are Sold to a Third Party in accordance with the provisions of
this Agreement. 
  

	10.2	Evidence of Shareholding 

At the Investors Committee’s reasonable request, each Party shall deliver to the Investors Committee such documents reasonably
requested by the Investors Committee evidencing such Party’s continued ownership of Shares. Any such documents delivered to the Investors Committee shall be provided to Philips upon request. 

 

	11.	FUTURE SHARES, CO-INVESTMENT SHARES AND AFFILIATE SHARES 

  

	 	11.1.1	For purposes of calculating the Voting Interest Percentage and the percentages that a Party’s Shares represent of the issued and outstanding Shares from time to
time, any and all Shares acquired by a Party or its Affiliates after the date of this Agreement other than in accordance with Articles 6.3.1(a) or 6.3.1(b) shall be disregarded. 

 

	 	11.1.2	For purposes of calculating the relevant percentages of Shares and the number of Shares held by a Party, Shares held by an Affiliate of a Party will count towards the
shareholding of the Party holding such Shares at the date of the closing of the IPO. 

  

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 Draft Date: 19 July 2010 

 

	 	11.1.3	For purposes of the calculation of the relevant percentages of Shares and the number of Shares held by an Investor, Shares held by NXP Co-Investment Partners L.P.
through Co-Invest HoldCo shall be deemed held by the relevant Investor in accordance with the allocation set out in Schedule 8, provided, however, that such Shares shall not count for the purpose of calculating the votes of a
member of the Investors Committee pursuant to Article 4.1.4(a). 

  

	12.	CONFIDENTIALITY AND PUBLIC ANNOUNCEMENTS 

  

	12.1	Confidential Information 

  

	 	12.1.1	The Parties acknowledge that the provisions of this Agreement shall be publicly disclosed in its entirety. 

 

	 	12.1.2	Each Party agrees to hold in strict confidence all Information furnished to it, the content of discussions within the Investors Committee (collectively,
“Confidential Information”). Subject to applicable law, a Party may disclose any Confidential Information to (x) any of its Representatives and (y) any member of the NXP Group or its directors, management or advisers
(collectively, “Authorized Recipients”). Confidential Information shall not include any information that (i) is or becomes generally available to the public other than as a result of an unauthorized disclosure by a Party,
(ii) is or becomes available to a Party or any of its Authorized Recipients on a non-confidential basis from a third party source (other than any other Party or its Representatives or any Person described in clause (y) above), which
source, to the best knowledge of such Party (after reasonable inquiry), is not bound by a duty of confidentiality to any Party or its Representatives or any Person described in clause (y) above in respect of such Confidential Information or
(iii) is independently developed by a Party. If a Party or any of its Authorized Recipients is required by law or regulation or any legal or judicial process to disclose any Confidential Information, or disclosure of Confidential Information is
requested by any governmental authority having authority over such Party, such Party shall promptly notify NXP and the other Parties of such requirement so that NXP may at its own expense oppose such requirement or seek a protective order and
request confidential treatment thereof. If such Party or such Authorized Recipient is nonetheless required, or such a request nonetheless remains outstanding, to disclose any such Confidential Information, such Party or Authorized Recipient may
disclose such portion of such Confidential Information without liability hereunder. 

  

	 	12.1.3	A Party may disclose Confidential Information in connection with any proposed Sale by such Party to a Third Party provided that such Sale is permitted in accordance
with the terms of this Agreement and provided that such Third Party enters into a confidentiality agreement for the benefit of the Parties acting by the Investors Committee to hold any such information in strict confidence and to not use such
information for any purpose other than such Sale and specifying that the Parties acting by the Investors Committee shall be entitled to enforce such confidentiality agreement. 

 

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 Draft Date: 19 July 2010 

 

	12.2	Announcements 

 No public
announcement or press release concerning Confidential Information shall be made by any Party (or any Affiliate thereof), without the prior consent of the Investors Committee, which may also be given in general terms with respect to categories of
announcements. This provision shall not prohibit any public announcement or press release required to be made by any applicable laws or regulations, provided that such Party (or such Affiliate) (other than a Philips Party, to which this
proviso shall not apply) that is making such announcement shall, to the extent practicable, consult with the Investors Committee concerning the timing and content of such announcement before such announcement is made and shall give a copy thereof to
the other Parties at the same time as, or as soon as reasonably practicable after, the making of such announcement. 
  

	12.3	Compliance with Securities Laws 

Each Party agrees that nothing in this Article 12 shall authorise the use of any Confidential Information in contravention of applicable
securities laws. 
  

	13.	MISCELLANEOUS 

  

	13.1	Corporate Opportunities 

Each of the Parties hereto acknowledges that they may review the business plans and related proprietary information of many enterprises,
including enterprises which may have products or services which compete directly or indirectly with those of NXP or members of the NXP Group. Nothing in this Article 13 shall preclude or in any way restrict the Parties or their Affiliates from
investing or participating in any particular enterprise, or trading in the securities thereof, whether or not such enterprise has products or services that compete with those of NXP or members of the NXP Group. Except as a Party may otherwise agree
in writing after the date hereof with respect to itself or its Affiliates (or its or its Affiliates’ employees, officers, directors, partners, members, shareholders, or agents) and without prejudice to any duties of confidentiality towards any
of the Parties, NXP or any members of the NXP Group: (i) such Persons shall have the right to, and shall have no duty (contractual or otherwise) not to, directly or indirectly: (A) engage in the same or similar business activities or lines
of business as NXP or a member of the NXP Group and (B) do business with any client or customer of NXP or a member of the NXP Group; (ii) no such Person shall be liable to NXP, any member of the NXP Group or Parties for breach of any duty
(contractual or otherwise) by reason of any such activities or of such Person’s participation therein; and (iii) in the event that any such Person acquires knowledge of a potential transaction or matter that may be a corporate opportunity
for NXP or a member of the NXP Group on the one hand, and any such Person on the other hand, or any other person, no such Person shall have any duty (contractual or otherwise) to communicate or present such corporate opportunity to NXP or a member
of the NXP Group or any Party and, notwithstanding any provision of this Agreement to the contrary, such Persons shall not be liable to NXP or a member of the NXP Group or the Parties for breach of any duty (contractual or otherwise) by reason of
the fact that any such Person directly or indirectly pursues or acquires such opportunity for itself, directs such opportunity to another person, or does not present such opportunity to NXP or a member of the NXP Group or the Parties. 

 

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 Draft Date: 19 July 2010 

 

	13.2	Group within the meaning of the Securities Exchange Act of 1934 

Each Party (i) acknowledges that it may together with the other Parties collectively be considered a “group” within the
meaning of the Securities Exchange Act of 1934, (ii) undertakes to comply with the relevant filing requirements of the SEC (to the extent such Party determines in its reasonable judgment that such requirements are applicable) associated with
being such a group and (iii) agrees to extend reasonable cooperation to each other Party to comply with such filing requirements. Notwithstanding the foregoing, nothing in this Agreement shall be deemed to be an admission by any Party that it
is part of a “group” or obligate any Party to make filings with the SEC as a “group”. Each Party may, in any filing with the SEC, disclaim beneficial ownership of any Shares held by any other Party. 

 

	13.3	No Partnership; Exculpation Clause 

No provision of this Agreement is intended to create a partnership between any of the Parties or makes a Party the agent of another Party
for any purpose. Unless specifically provided otherwise, no Party has authority or power to bind, to contract in the name of, or to create a liability for another Party in any way or for any purpose. 

 

	13.4	Further Assurances 

 The
Parties will sign such further documents, cause such further meetings to be held, adopt such resolutions and do and perform and cause to be done such further acts and things as may be necessary in order to give full effect to this Agreement, the
transactions contemplated by this Agreement and every provision thereof. 
  

	13.5	Specific Performance 

Each Party acknowledges and agrees that money damages would not be a sufficient remedy for any breach of the provisions of this Agreement.
In the event of a breach of this Agreement by a Party which breach threatens irreparable harm to any other Party, such non-breaching Party may seek specific enforcement or injunctive relief from any court of competent jurisdiction, which remedies
shall not limit, but shall be in addition to, all other remedies that the non-breaching Parties may have at law or in equity. 
  

	13.6	Severability 

 Should any
provision of this Agreement be invalid or unenforceable, in whole or in part, or should any provision later become invalid or unenforceable, this shall not affect the validity of the remaining provisions of this Agreement which shall not be affected
and shall remain in full force and effect. 
  

	13.7	Conflicts or Inconsistencies 

In all events, this Agreement will govern and prevail as among the Parties in the event of any conflict or inconsistency between the
provisions of this Agreement and the provisions of the NXP Organisational Documents or any other member of the NXP Group. 
  

 - 24 - 

 Draft Date: 19 July 2010 

 

	13.8	Notices 

 Any notices or
other communications required or permitted hereunder to a Party shall be sufficiently given if in writing and either (i) personally delivered, (ii) sent by registered or certified mail, return receipt requested, postage prepaid,
(iii) sent by overnight delivery service such as DHL, (iv) sent by facsimile transmission or electronic mail, with verbal or electronic confirmation of receipt, and addressed (x) for the Parties, as set forth in Schedule 9, or
(z) for any new Party, as contained in the Accession Agreement or other written instrument pursuant to which such new Party becomes a Party to this Agreement, or, in each case, to such other address as the relevant Party shall have given notice
of pursuant hereto. All such notices and other communications shall be deemed to have been given and received (i) if by personal delivery, on the day of such delivery; (ii) if by registered or certified mail, on the seventh day after the
mailing thereof, (iii) if by overnight delivery service such as DHL, on the next Business Day; and (iv) if by facsimile transmission or electronic mail, on the day that verbal or electronic confirmation of receipt by the recipient is
obtained from the recipient. 
  

	13.9	Assignment 

 This
Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, legal representatives and permitted assigns. Except as approved in writing by the Investors Committee in the context of a Sale in accordance
with Article 6, no Party may assign any of its rights or delegate any of its obligations under this Agreement, by operation of law or otherwise, without the prior written consent of the other Parties. For the avoidance of doubt, this provision shall
not affect the right of Philips Permitted Transferees and Philips Affiliates to sell pursuant to Article 6.3.1. 
  

	13.10	Waiver; Amendment 

 Except
as specifically provided in this Agreement, any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment, by all Parties, or in the case of a waiver, by the
Party against whom the waiver is to be effective. No failure or delay by any Party in exercising any right, power or privilege under this Agreement 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 in this Agreement provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

 

	13.11	No Recourse 

 Only the
Parties shall have any obligation or liability under this Agreement. Notwithstanding anything that may be expressed or implied in this Agreement, no recourse under this Agreement or any documents or instruments delivered in connection with this
Agreement shall be had against any current or future Representative of any Party or any current or future direct or indirect shareholder, member, general or limited partner or other beneficial owner of any Party or any of their respective
Representatives, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability

  

 - 25 - 

 Draft Date: 19 July 2010 

 
 
whatsoever shall attach to, be imposed on or otherwise be incurred by any such Person for any obligation of any Party under this Agreement or any documents or instruments delivered in connection
with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation. 
  

	13.12	Several Obligations 

Unless specifically stated otherwise, the obligations of each of the Parties under this Agreement shall be several and not joint.

  

	13.13	Third Parties 

 This
Agreement does not create any rights, claims or benefits inuring to any Person that is not a Party hereto nor create or establish any third party beneficiary hereto. 
  

	13.14	Termination of Existing Agreements 

Upon the IPO Date, the Parties terminate the 2006 Investors Agreement and the 2006 Shareholders Agreement and confirm that each Existing
Agreement to which it is a party has been terminated. 
  

	13.15	Entire Agreement 

 This
Agreement and the schedules hereto represent the entire understanding and agreement of the Parties and supersede all prior agreements, understandings and arrangements (whether written or oral) among the Parties with respect to the subject matter.

  

	13.16	Termination of this Agreement 

This Agreement shall: 
  

	 	13.16.1	cease to bind a Party that no longer has, together with its Affiliates, a direct or indirect interest in Shares; 

 

	 	13.16.2	terminate with respect to the Philips Parties at the first time that any of the following conditions shall be met: (i) 36 (thirty-six) months have passed from the
date of the IPO, (ii) the Investors and their Affiliates have a combined Voting Interest Percentage of less than 20%; and (iii) a Qualified Public Offering has at any time been completed, and 

in each case (A) without prejudice to rights and obligations accrued prior to such cessation or termination and (B) subject to
Articles 12 and 13.8 remaining in force. 
  

	13.17	Applicable Law 

 This
Agreement shall be governed by and shall be construed in accordance with the laws of The Netherlands. 
  

 - 26 - 

 Draft Date: 19 July 2010 

 

	13.18	Arbitration 

 Subject to
the provision of Article 13.5, each Party hereby irrevocably agrees to submit any dispute, controversy or claim arising out of or relating to the interruption, validity or breach (including remedies in respect of such breach) of this Agreement or
any instruments executed by the Parties in connection therewith to arbitration in Amsterdam, The Netherlands to be conducted in accordance with the then-existing international arbitration rules of the International Chamber of Commerce. In resolving
any dispute, controversy or claim, the Parties intend that Dutch law applies, without regard to the conflicts of laws principles thereof. The Parties agree that the arbitration proceedings will be conducted before three arbitrators to be chosen in
accordance with the rules of the International Chamber of Commerce in English. The arbitral award will be final, binding and non-appealable. 
  

	13.19	Counterparts 

 This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same Agreement. 

IN WITNESS WHEREOF the Parties hereto have duly executed this Agreement as of the date first above written. 

[EXECUTION PAGES FOLLOW AT THE END OF THE DOCUMENT] 

 

 - 27 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 1 

INVESTORS AND INVESTOR HOLDCOS 

Investors: 
 AlpInvest Parties

 AlpInvest Partners CSI 2006 Lion C.V. 

AlpInvest Partners Later Stage II-A Lion C.V. 

Apax Parties 
 Apax NXP VI 1
L.P. 
 Apax NXP VI A L.P. 

Apax NXP V A L.P. 

Apax NXP V B-2 L.P. 

Apax NXP US VII L.P. 

Meridian Holding S.a r.l. 
 Bain
Capital Parties 
 Bain Capital Lion Holdings L.P. 

Bain Capital Fund IX L.P. 

Bain Pumbaa LuxCo S.a r.l. 

Co-Invest Parties 
 NXP
Co-Investment Partners L.P. 
 NXP Co-Investment Investor S.a r.l. 

KKR Parties 
 KKR NXP
(Millennium) Limited 
 KKR NXP (2006) Limited 

KKR NXP (European II) Limited 

KKR Associates Europe II Limited Partnership 

KKR NXP Investor S.a r.l. 
 SLP
Parties 
 SLTI II Cayman NXP, L.P. 

SLP II Cayman NXP, Ltd. 

SL II NXP S.a r.l. 
 Investor
HoldCos: 
 Apax HoldCo 

Meridian Holding S.a r.l. 
 Bain
HoldCo 
 Bain Pumbaa LuxCo S.a r.l. 

Co-Invest HoldCo 
 NXP
Co-Investment Investor S.a r.l. 
  

 - 28 - 

 Draft Date: 19 July 2010 

 
 KKR HoldCo 

KKR NXP Investor S.a r.l. 
 SLP
HoldCo 
 SL II NXP S.a r.l. 
  

 - 29 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 2 

FORM OF REGISTRATION RIGHTS AGREEMENT 

[To be inserted] 
  

 - 30 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 3 

FORM OF ACCESSION AGREEMENT 

THIS ACCESSION AGREEMENT is made on [    ] 201[  ] BETWEEN: 

 

	1.	[            ], a company incorporated under the laws of
[            ] having its [registered] office at [            ] (the “Transferor”); 

 

	2.	[            ], a company incorporated under the laws of
[            ] having its [registered] office at [            ] (“New Party”); and 

 

	3.	The Investors Committee acting as an agent on behalf of the Parties to the Shareholders Agreement (“Agent”). 

WHEREAS: 
  

	(A)	The Transferor is a party to the Shareholders Agreement dated as of [—] 2010 in respect of its investment in NXP (the
“Shareholders Agreement”) by which the Parties provide for certain matters relating to their direct and indirect ownership of interests in, and the governance of, NXP and the NXP Group. 

 

	(B)	The Transferor wishes to Transfer to the New Party the Shares described in the Schedule (the “Transferred Shares”) and the New Party has agreed to
purchase the Transferred Shares subject to and in accordance with the terms and conditions of an agreement dated [date of Transfer Agreement] between the Transferor and the New Party (the “Transfer Agreement”).

 NOW IT IS HEREBY AGREED: 
  

	1.	DEFINITIONS AND INTERPRETATIONS 

  

	1.1	Definitions 

 In this
Accession Agreement (including the Recitals and Schedule hereto), unless the subject or context otherwise requires, words defined in the Shareholders Agreement shall have the same meanings when used herein and the following terms shall have the
following meanings: 
 “Completion” means the completion of the sale and Transfer of the Transferred Shares.

 “Transfer Date” has the meaning ascribed thereto in Clause 2.1 hereunder. 

 

	1.2	Interpretation 

 The
provisions of Article 1 of the Shareholders Agreement shall apply to this Accession Agreement mutatis mutandis. 
  

	1.3	Headings 

 Headings shall
be ignored in the construction of this Accession Agreement. 
  

 - 31 - 

 Draft Date: 19 July 2010 

 

	2.	UNDERTAKINGS OF THE NEW INVESTOR 

  

	2.1	Assumption of Obligations 

In consideration of the agreement of the Transferor to Transfer the Transferred Shares to the New Party, the New Party undertakes, to each
Party and the Agent subject to Clause 2.2 hereunder, that it will, with effect from the date of Transfer by the Transferor to the New Party of the Transferred Shares (the “Transfer Date”) and without prejudice to any liability of
the Transferor in respect of any breach by it of obligations under the Shareholders Agreement prior to the Transfer Date, assume, perform and comply with each of the obligations of the Transferor in respect of the Transferred Shares under the
Shareholders Agreement as if it had been a party to the Shareholders Agreement at the date of execution thereof with the same rights and obligations as the Transferor. 
  

	2.2	Release 

 In consideration
of the undertakings given by the New Party under this clause, the parties hereby acknowledge and agree that the obligations of the Transferor under the Shareholders Agreement shall, cease with effect from the Transfer Date, only with respect to the
Transferred Shares, provided that the Transferor shall remain liable with respect to any breach by it of obligations under the Shareholders Agreement prior to the Transfer Date. 

 

	2.3	Transfer of Rights 

 The
Transferor assigns and Transfers to the New Party, with effect from the Transfer Date, all the rights of the Transferor with respect to the Transferred Shares (excluding, however, those rights that may not be assigned or Transferred without
approval or consent of any Person or group of Persons, which approval or consent has not been obtained on or prior to the Transfer Date) as if the New Party had been a party to the Shareholders Agreement at the date of execution thereof and, with
effect from the Transfer Date, the Transferor shall cease to be entitled to those rights. 
  

	2.4	Notices 

 The notice
details for the New Party for the purposes of Article 13.8 of the Shareholders Agreement are: 
 Address: 

Attention: 
 Tel:

 Fax: 

Email: 
  

	2.5	Assignment and Transfer 

The parties hereto hereby acknowledge and agree that, save as provided in Article 13.9 of the Shareholders Agreement, no party shall have
any right to assign, Transfer or in any way dispose of the benefit (or any part thereof) or the burden (or any part thereof) of this Accession Agreement without the prior written consent of the other parties. 

 

 - 32 - 

 Draft Date: 19 July 2010 

 

	2.6	Third Party Beneficiaries 

The Parties to the Shareholders Agreement shall be entitled to enforce this Accession Agreement as third party beneficiaries. 

IN WITNESS whereof this Accession Agreement has been entered into the day and year first before written. 

 

 - 33 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 4 

ACCESSION FORM 
 THIS
DECLARATION OF ACCESSION is made on [    ] 201[  ] BY: 
 [—
] (“New Party”). 
 WHEREAS: 

New Party acknowledges that in order for it to receive the Shares (the “Transferred Shares”) described in the Schedule from
[—] (the “Transfer”), new Party has to declare its accession to the Shareholders Agreement dated as of [—] 2010 in respect of
investments in NXP (the “Shareholders Agreement”) by which the parties thereto provide for certain matters relating to their direct and indirect ownership of interests in, and the governance of, NXP and the NXP Group. 

NOW IT IS HEREBY AGREED: 
  

	1.	DEFINITIONS AND INTERPRETATIONS 

  

	1.1	Definitions 

 In this
Accession Form (including the Recitals and Schedule hereto), unless the subject or context otherwise requires, words defined in the Shareholders Agreement shall have the same meanings when used herein and the following terms shall have the following
meanings: 
 “Completion” means the completion of the Transfer of the Transferred Shares. 

“Transfer Date” has the meaning ascribed thereto in Clause 3.1 hereunder. 

 

	1.2	Interpretation 

 The
provisions of Article 1 of the Shareholders Agreement shall apply to this Accession Form mutatis mutandis. 
  

	1.3	Headings 

 Headings shall
be ignored in the construction of this Accession Form. 
  

	2.	UNDERTAKINGS OF THE NEW INVESTOR 

  

	2.1	Assumption of Obligations 

The New Party undertakes, to each party to the Shareholders Agreement, that it will, with effect from the date of Transfer of the
Transferred Shares to it (the “Transfer Date”) and without prejudice to any liability of the Transferor in respect of any breach by it of obligations under the Shareholders Agreement as if it had been a party to the Shareholders
Agreement as a [Investor / Philips Party] at the date of execution thereof. 
  

 - 34 - 

 Draft Date: 19 July 2010 

 

	2.2	Notices 

 The notice
details for the New Party for the purposes of Article 13.8 of the Shareholders Agreement are: 
 Address: 

Attention: 
 Tel:

 Fax: 

Email: 
  

	2.3	Third Party Beneficiaries 

The Parties to the Shareholders Agreement shall be entitled to enforce this Accession Agreement as third party beneficiaries. 

IN WITNESS whereof this Accession Agreement has been entered into the day and year first before written. 

 

 - 35 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 5 

RESTRUCTURING STEPS 
  

	(1)	DutchCo will establish a new wholly owned Netherlands Incorporated and tax resident company in the form of a BV (“New BV”). 

 

	(2)	DutchCo will contribute the approximately €4.8m loan note receivables to New B.V. in exchange for share premium in New BV. 

 

	(3)	DutchCo will contribute approximately €2.4m depositary receipts held by DutchCo to New B.V. in exchange for share premium in New BV. 

 

	(4)	NXP will engage in a reverse share split whereby the number of shares held by the shareholders of NXP will be reduced pro rata such that the percentage ownerships are
unchanged. 

  

	(5)	DutchCo will make a US entity classification election to be treated as a disregarded entity for US federal income tax purposes. 

 

	(6)	DutchCo will be put in liquidation and will distribute its shares in NXP and New BV to LuxCo. 

 

	(7)	The relevant Investors (other than the AlpInvest Parties) will each individually incorporate their own Luxembourg tax resident holding company, Co-Invest HoldCo, KKR
HoldCo, Silver Lake HoldCo, Apax HoldCo and Bain Capital HoldCo respectively each of which will be in the form of a Sarl with minimum share capital divided into classes of shares. 

 

	(8)	The relevant Investors will each contribute their YFPECs in LuxCo to LuxCo in return for an issue of share capital / share premium by LuxCo. 

 

	(9)	The relevant Investors will each contribute their shares in Luxco to their relevant Investor HoldCo in return for an issue of share capital / share premium by their
relevant Investor HoldCo and CPECs equal in value to such relevant Investors’ indirect holding in New BV. 

  

	(10)	LuxCo will be put in liquidation and will distribute its shares in NXP and New BV pro rata to LuxCo’s shareholders. 

 

	(11)	The Investor HoldCos will distribute their shares in New BV to their shareholders in settlement of outstanding. 

 

	(12)	In connection with the IPO DutchCo will require services, including advice on the Restructuring and the consequences of the IPO, for which Apax, AlpInvest and SLP will
charge a fee as approved in writing by the Investors Committee. This fee will be payable subject to the consummation of the IPO and during the contemplated liquidation of DutchCo as part of the Restructuring. For the avoidance of doubt, such fee
shall be paid solely by DutchCo, and shall not be paid (directly or indirectly) by NXP or any of its Shareholders other than DutchCo. 

  

 - 36 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 6 

ACTIONS REQUIRING APPROVAL 

PART A 

SHAREHOLDER ACTIONS REQUIRING THE APPROVAL OF TWO THIRDS OF 

THE INVESTORS COMMITTEE 
  

	1.	material amendments to NXP’s articles of association that have a material adverse effect on the rights of Shareholders; 

 

	2.	material amendments to NXP’s business purpose; 

  

	3.	liquidation or winding up proceedings in respect of NXP; 

  

	4.	making any commitment or announcement with respect to any of the matters set forth in this Part A of Schedule 6. 

PART B 

SHAREHOLDER ACTIONS REQUIRING APPROVAL OF A SIMPLE MAJORITY 

OF THE INVESTORS COMMITTEE 
  

	1.	appointment, suspension or dismissal of NXP’s chief executive officer and any NXP Board member; 

 

	2.	entering into or undertaking any material merger, de-merger, consolidation, reconstitution, recapitalization, reorganization acquisition or other business combination
transaction involving NXP, or any sale of all or substantially all of the assets of NXP; 

  

	3.	issuing any equity securities by NXP or any of its NXP Group companies to any person other than a member of the NXP Group), the disapplication of any pre-emption rights
and any decision to grant the Board the authority to make such a decision; 

  

	4.	adoption of the annual accounts; 

  

	5.	annual waiver of liability (décharge) of NXP Board members; 

  

	6.	declaring or paying any dividends or other distributions to shareholders (other than to a member of the NXP Group) or repurchasing or redeeming equity securities of any
member of the NXP Group (other than if held by a member of the NXP Group); 

  

	7.	other decisions that, pursuant to NXP’s articles of association, require a resolution to be adopted by the shareholders meeting, including significant acquisitions
and disposals; 

  

 - 37 - 

 Draft Date: 19 July 2010 

 
 PART C 

OTHER ACTIONS REQUIRING APPROVAL OF A SIMPLE MAJORITY OF THE 

INVESTORS COMMITTEE 
  

	1.	transactions between the NXP Group, on the one hand, and Affiliates on the other, other than agreements entered into in the ordinary course of business on arm’s
length terms. 

  

 - 38 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 7 

ALPINVEST ADVISORY AGREEMENT 

[To be inserted] 
  

 - 39 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 8 

CO-INVESTMENT SHARE ALLOCATION 
  

				
	 Investor
	  	Allocation Percentage Shares held by NXP
Co-Investment Partners L.P 
through Co-
Invest LuxCo	 
	 Apax
	  	6.909	% 
	 Bain
	  	27.635	% 
	 KKR
	  	43.348	% 
	 SLP
	  	22.108	% 

  

 - 40 - 

 Draft Date: 19 July 2010 

 
 SCHEDULE 9 

ADDRESSES AND FAX NUMBERS FOR NOTICES 

If to AlpInvest Parties: 
 c/o AlpInvest
Partners N.V. 
 Jachthavenweg 118 

1081 KJ Amsterdam, The Netherlands 
 Attention:
Erik Thyssen 
 Tel: + 31 (0) 20 540 7620 

Fax: + 31 (0) 20 540 7502 
 Email:
erik.thyssen@alpinvest.com 
 With a copy to: 

Clifford Chance LLP 
 10 Upper Bank Street

 London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 
 Tel: +44 (0)20 7006
4583 
 Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to Apax Parties: 
 c/o Apax Partners
LLP 
 33 Jermyn Street 
 London SW1Y
6DN, the United Kingdom 
 Attention: Sharon Ferreira 

Tel: +44 (0)20 7666 6592 
 Fax: +44 (0)20 7666
6577 
 Email: sharon.ferreira@apax.com 

With a copy to: 
 Clifford Chance LLP

 10 Upper Bank Street 
 London E14
5JJ, the United Kingdom 
 Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 
 Fax: +44 (0)20 7006
5555 
 Email: thijs.alexander@cliffordchance.com 

If to Bain Capital Parties: 
 c/o Bain
Capital TDL 
 Devonshire House
6th Floor 

Mayfair Place 
 London W1J 8AJ, the United
Kingdom 
 Attention: Michel Plantevin 

Tel: +44 20 7514 5252 
 Fax: +44 20 7514 5250

 Email: mplantevin@baincapital.com 
  

 - 41 - 

 Draft Date: 19 July 2010 

 
 With a copy to: 

Clifford Chance LLP 
 10 Upper Bank Street

 London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 
 Tel: +44 (0)20 7006
4583 
 Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 
 If
to the Co-Invest Parties: 
 c/o Avega Services (Luxembourg) S.à r.l. 

61 rue de Rollingergrund 
 L-2440 Luxembourg,
Luxembourg 
 Attention: Wolfgang Zettel 

Tel: +352 246 943 28 
 Fax: +352 246 943 70

 E-Mail: wolfgang.zettel@avega.lu 

With a copy: 
 Clifford Chance LLP 

10 Upper Bank Street 
 London E14 5JJ, the United
Kingdom 
 Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 
 Fax: +44 (0)20 7006
5555 
 Email: thijs.alexander@cliffordchance.com 

If to LuxCo 
 KASLION S.a r.l.

 61 rue de Rollingergrund 
 L-2440
Luxembourg, Luxembourg 
 Attention: Wolfgang Zettel 

Tel: +352 246 943 28 
 Fax: +352 246 943 70

 E-Mail: wolfgang.zettel@avega.lu 

With a copy to: 
 Clifford Chance LLP

 10 Upper Bank Street 
 London E14
5JJ, the United Kingdom 
 Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 
 Fax: +44 (0)20 7006
5555 
 Email: thijs.alexander@cliffordchance.com 
  

 - 42 - 

 Draft Date: 19 July 2010 

 
 If to DutchCo 

Kaslion Holding B.V 
 Frederik Roeskestraat 123
1Hg 
 1076 EE Amsterdam, The Netherlands 

Attention: Irene Henry 
 Tel: +31 20577 1158

 Fax: +31 20577 1188 
 E-Mail:
irene.henry@atcgroup.com 
 With a copy to 

Clifford Chance LLP 
 10 Upper Bank Street

 London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 
 Tel: +44 (0)20 7006
4583 
 Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to KKR Parties: 
 c/o Kohlberg Kravis
Roberts & Co. Limited 
 Stirling Square 

7 Carlton Gardens 
 London SW1Y 5AD, the United
Kingdom 
 Attention: Johannes Huth 

Tel: + 44 20 7839 9800 
 Fax: + 44 20 7839 9801

 Email: huthj@kkr.com 
 With a copy
to: 
 Clifford Chance LLP 
 10 Upper
Bank Street 
 London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 
 Tel: +44 (0)20 7006
4583 
 Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to Philips: 
 Koninklijke Philips
Electronics N.V. 
 Amstelplein 2, 

1096 BC Amsterdam, The Netherlands 
 Attention:
Eric Coutinho 
 Tel: +31 20 59 77232 

Fax: +31 20 59 77150 
 Email:
eric.coutinho@philips.com 
  

 - 43 - 

 Draft Date: 19 July 2010 

 
 With a copy to: 

Arne Grimme 
 De Brauw Blackstone Westbroek N.V.

 Claude Debussylaan 80
 1070 AB
Amsterdam 
 Tel +31 20 577 1421 
 Fax
+31 20 577 1775 
 Email: arne.grimme@debrauw.com 

and 
 Andrew D. Soussloff, 

Sullivan & Cromwell LLP
 125 Broad St.

 New York, New York 10004 USA 
 Tel:
+1 212 558 3681 
 Fax +1 212 291 9147 

Email: soussloffa@sullcrom.com 
 If to
Silver Lake Parties: 
 Silver Lake Management Company, L.L.C. 

2775 Sand Hill Road, Suite 100 
 Menlo Park, CA
94025
 Attn: Egon Durban 
 Tel: +1 650
233 8120
 Fax: +1 650 233 8125 

E-mail: Egon.Durban@silverlake.com 
 With
a copy to: 
 Clifford Chance LLP 
 10
Upper Bank Street
 London E14 5JJ, the United Kingdom

Attention: Thijs Alexander
 Tel: +44 (0)20 7006
4583
 Fax: +44 (0)20 7006 5555 
 Email:
thijs.alexander@cliffordchance.com 
 If to the Management Foundation: 

C/o NXP Semiconductors N.V. 
 High Tech Campus 60

 5656AG Eindhoven, The Netherlands 

Attention: Guido Dierick 
 Tel: +31 (0) 40
272 9233 
 Fax: +31 (0) 40 272 9658

Email: guido.dierick@nxp.com 
  

 - 44 - 

 Draft Date: 19 July 2010 

 
 With a copy to: 

Arne Grimme 
 De Brauw Blackstone Westbroek N.V.

 Claude Debussylaan 80 
 1070 AB
Amsterdam
 Tel +31 20 577 1421
 Fax +31
20 577 1775
 Email: arne.grimme@debrauw.com 
  

 - 45 - 

 Draft Date: 19 July 2010 

 
 Execution Pages 

[To be inserted] 
  

 - 46 -Form of Registration Rights Agreement

 EXHIBIT 4.7 

 
  

 
 REGISTRATION RIGHTS AGREEMENT

 by and among 

ALPINVEST PARTNERS CSI 2006 LION C.V., 

ALPINVEST PARTNERS LATER STAGE II-A LION C.V., 

MERIDIAN HOLDING S.A R.L., 

BAIN PUMBAA LUXCO S.A R.L., 

KKR NXP INVESTOR S.A R.L., 

NXP CO-INVESTMENT INVESTOR SARL. 

SL II NXP S.A R.L., 

KONINKLIJKE PHILIPS ELECTRONICS N.V., 

STICHTING MANAGEMENT CO-INVESTMENT NXP, 

THE HEDGE FUND PARTIES 

and 

NXP SEMICONDUCTORS N.V. 

Dated as of [—], 2010 

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
		
	ARTICLE I DEFINITIONS	  	1
			
	 Section 1.1.
	  	Certain Definitions	  	1
			
	 Section 1.2.
	  	Interpretation	  	4
		
	ARTICLE II REGISTRATION RIGHTS	  	5
			
	 Section 2.1.
	  	Mandatory Shelf Registration	  	5
			
	 Section 2.2.
	  	Demand Registrations	  	6
			
	 Section 2.3.
	  	Piggyback Registrations	  	8
			
	 Section 2.4.
	  	Holdback Agreements	  	9
			
	 Section 2.5.
	  	Registration Procedures	  	10
			
	 Section 2.6.
	  	Registration Expenses	  	13
			
	 Section 2.7.
	  	Underwritten Offering	  	13
			
	 Section 2.8.
	  	Suspension of Registration	  	14
			
	 Section 2.9.
	  	Indemnification	  	15
			
	 Section 2.10.
	  	Rule 144	  	17
			
	 Section 2.11.
	  	Participation by Hedge Fund Parties	  	17
		
	ARTICLE III MISCELLANEOUS	  	18
			
	 Section 3.1.
	  	Term	  	18
			
	 Section 3.2.
	  	Facilitation of Sale	  	18
			
	 Section 3.3.
	  	No Inconsistent Agreements	  	18
			
	 Section 3.4.
	  	Amendments and Waivers	  	18
			
	 Section 3.5.
	  	No Third Party Beneficiaries	  	19
			
	 Section 3.6.
	  	Successors and Assigns	  	19
			
	 Section 3.7.
	  	Entire Agreement	  	19
			
	 Section 3.8.
	  	Invalid Provisions	  	19
			
	 Section 3.9.
	  	Counterparts; Effectiveness	  	19
			
	 Section 3.10.
	  	Remedies; Attorney’s Fees	  	19
			
	 Section 3.11.
	  	GOVERNING LAW	  	20
			
	 Section 3.12.
	  	Consent to Jurisdiction and Service of Process; Waiver of Jury Trial	  	20
			
	 Section 3.13.
	  	Notice	  	20
			
	 Section 3.14.
	  	Company Obligations Regarding Transfers	  	26

  

 - i - 

 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT, dated as of [—], 2010 (this
“Agreement”), is by and among AlpInvest Partners CSI 2006 Lion C.V., AlpInvest Partners Later Stage II-A Lion C.V., Meridian Holding S.a r.l., Bain Pumbaa LuxCo S.a r.l., NXP Co-Investment Investor S.a r.l., KKR NXP Investor S.a
r.l., SL II NXP S.a r.l. , Koninklijke Philips Electronics N.V. (“Philips”) and Stichting Management Co-Investment NXP (collectively, the “Principal Investors”), the Hedge Fund Parties (as defined below in
Section 1.1) and NXP Semiconductors N.V., a limited liability company organized under the laws of The Netherlands (together with its successors and permitted assigns, the “Company”).  

RECITALS 

WHEREAS, the Company desires to sell shares of its common stock, par value €0.20 per share (the “Common
Shares”), to the public in an initial public offering; 
 WHEREAS, in connection with the IPO, the parties wish
to provide for certain registration rights relating to the Common Shares; 
 NOW, THEREFORE, the parties hereby
agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1. Certain Definitions. As used in this Agreement, the following terms shall have the following respective
meanings: 
 “Affiliate” means, with respect to any Person, any other Person that directly, or indirectly
through one or more intermediaries, controls, is controlled by or is under common control with the Person specified. 

“Board” or “Board of Directors” means the Board of Directors of the Company except where the context
otherwise requires. 
 “Business Day” means any day other than a Saturday, Sunday or day when commercial banks
in New York City are permitted or required by law to be closed for the conduct of regular banking business. 
 “Common
Shares” has the meaning set forth in the recitals. 
  “Covered Person” has the meaning set forth
in Section 2.9(a). 
  “Demand Notice” means a written request by any Holder to the Company for
registration of any Registrable Securities in accordance with Section 2.2(a) or (b). 
 “Demand
Registration” means any registration of Registrable Securities under the Securities Act requested by a Holder in accordance with Section 2.2(a) or (b). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder. 
 “FINRA” means the U.S. Financial Industry Regulatory Authority. 

 

 - 1 - 

  “Hedge Funds Agreement” means the Hedge Funds Agreement by and among
certain of the Principal Investors and each of the Hedge Fund Parties dated [—], 2010. 

“Hedge Fund Parties” means Kings Road Holdings IV, L.P.; NXP Co-Investment Partners II, L.P.; NXP Co-Investment Partners
III, L.P.; NXP Co-Investment Partners IV, L.P.; OZ NXP Investment Ltd; NXP Co-Investment Partners V, L.P.; NXP Co-Investment Partners VI, L.P.; NXP Co-Investment Partners VII, L.P. and NXP Co-Investment Partners VIII, L.P.; provided, that all
Registrable Securities held by OZ NXP Investment Ltd., NXP Co-Investment Partners IV, L.P. (and any of their respective Affiliates to whom such Hedge Fund Parties assign their rights in accordance with Section 3.6) (collectively, the Och
Ziff Hedge Funds), shall be aggregated for purposes of determining the applicable Sale Quotient with respect to any such Och Ziff Hedge Fund with the same effect as if all such Och Ziff Hedge Funds were treated as a single Hedge Fund Party for
that purpose. 
  “Holdback Period” means, (i) with respect to the IPO, 180 days after and during the 7
days before, (ii) with respect to any registered offering other than the IPO, 90 days after and during the 7 days before, the effective date of the related Registration Statement and (iii) with respect to a takedown from a registration
filed pursuant to a Short-Form Registration Statement, upon reasonable notice from the Company of the commencement of such takedown, 90 days after and during the 7 days before the date of the prospectus supplement, or such shorter period as the
managing underwriter(s) may permit. 
  “Holders” means the Principal Investors, the Philips Parties,
Stichting Management Co-Investment NXP and any other holders of outstanding Registrable Securities to whom the benefits of this Agreement shall have been validly assigned, but Holders does not include the Hedge Fund Parties. 

“Holders’ Counsel” means with respect to any Registration Statement, counsel selected by the Holders of a majority
of the Registrable Securities to be registered pursuant to that Registration Statement. 
  “Investors
Committee” has the meaning set forth in the Shareholders Agreement. 
 “IPO” means the initial
underwritten public offering of Common Shares pursuant to a Registration Statement filed in accordance with the Securities Act. 

“IPO Date” means the date of the first prospectus filed with the SEC with respect to the IPO that discloses the final
public offering price. 
  “Long-Form Registration” means registration under the Securities Act on Form F-1
or S-1 or any successor or similar form of registration statement that is not a Shelf Registration Statement. 

“Material Disclosure Event” means, as of any date of determination, any pending or imminent event relating to the
Company or any of its subsidiaries that the Board reasonably determines in good faith, after consultation with outside counsel to the Company, (i) would require disclosure of material, non-public information relating to such event in any
Registration Statement under which Registrable Securities may be offered and sold (including documents incorporated by reference therein) in order that such Registration Statement would not be materially misleading, (ii) would not otherwise be
required to be publicly disclosed by the Company at that time in a periodic report to be filed with or furnished to the SEC under the Exchange Act but for the filing of such Registration Statement and (iii) if publicly disclosed at the time of
such event, would reasonably be expected to have a material adverse effect on the business, financial condition, prospects or results of operations of the Company or any of its subsidiaries or would materially adversely affect a pending or proposed
material acquisition, merger, acquisition, financing or similar transaction, or negotiations with respect thereto. 
  

 - 2 - 

 “Person” means any natural person, corporation, general partnership,
limited partnership, limited or unlimited liability company, proprietorship, joint venture, other business organization, trust, union, association or any U.S. or non-U.S. government, regulatory or administrative authority, agency, instrumentality or
commission or any court, tribunal, judicial or arbitral body or other similar authority. 
 “Philips” has the
meaning set forth in the preamble. 
 “Philips Parties” means the “Philips Parties,” as such term is
defined in the Shareholders Agreement (other than Philips). 
 “Piggyback Registration” means any registration
of Registrable Securities under the Securities Act requested by a Holder in accordance with Section 2.3. 

“Principal Investors” has the meaning set forth in the preamble. 

“register,” “registered” and “registration” refers to a registration made effective by
preparing and filing a Registration Statement with the SEC in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such Registration Statement, and compliance with applicable state securities laws of such
states in which Holders notify the Company of their intention to offer Registrable Securities. 
 “Registration
Expenses” has the meaning set forth in Section 2.6. 
  “Registrable Securities” means
(i) all Common Shares, (ii) any other stock or securities that the Holders of the Common Shares or Hedge Fund Parties holding Common Shares may be entitled to receive, or will have received pursuant to such Holders’ or Hedge Fund
Parties’ ownership of the Common Shares, in lieu of or in addition to Common Shares, or (iii) any equity securities issued or issuable directly or indirectly with respect to any of the securities referred to in the foregoing clauses
(i) or (ii) by way of conversion or exchange thereof or share dividend or share split or in connection with a combination of shares, recapitalization, reclassification, merger, amalgamation, arrangement, consolidation or other
reorganization. As to any particular securities constituting Registrable Securities, such securities will cease to be Registrable Securities when (A) they have been effectively registered or qualified for sale by a prospectus filed under the
Securities Act and disposed of in accordance with the Registration Statement or (B) they have been sold to the public pursuant to Rule 144 without volume or other limitations such that, after any such transfer referred to in this clause (B),
such securities thereafter may be freely transferred without restriction under the Securities Act. 
  “Registration
Statement” means the prospectus and other documents filed with the SEC to effect a registration under the Securities Act. 

“Rule 144” means Rule 144 promulgated by the SEC under the Securities Act, and any successor provision thereto.

 “Rule 415” means Rule 415 promulgated by the SEC under the Securities Act, and any successor provision
thereto. 
 “Sale Quotient” means, for any selling security holder in a registered offering hereunder,
(i) the number of Registrable Securities to be sold by that selling security holder in the registered offering, divided by (ii) the total number of Registrable Securities owned by that selling security holder; provided, that for the
purposes of this clause (ii), the number of Registrable Securities owned by a Hedge Fund Party shall exclude any such Registrable Securities that were acquired in or after the IPO. 

 

 - 3 - 

 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Selling Expenses” means all underwriting discounts, selling commissions and transfer taxes
applicable to the sale of Registrable Securities hereunder. 
  “Shareholders Agreement” means the
Shareholders Agreement by and among, among others, the Principal Investors dated [—], 2010. 

“Shelf Period” has the meaning set forth in Section 2.1(b). 

“Shelf Registration Statement” means a Registration Statement that contemplates offers and sales of securities pursuant
to Rule 415. 
 “Shares Available for Registered Sale” means, with respect to any Hedge Fund Party,
(x) for the 6-month period beginning on the IPO Date through but excluding the date (the “Six Month Anniversary Date”) that is 6 months after the IPO Date, 100% of the Registrable Securities held by such Hedge Fund Party as of
the date (the “Reference Date”) immediately preceding the IPO Date, (y) for the 3-month period beginning on the Six Month Anniversary Date through but excluding the date (the “Nine Month Anniversary Date”) that
is 9 months after the IPO Date, 75% of the Registrable Securities held by such Hedge Fund Party as of the Reference Date, and (z) for the 3-month period beginning on the Nine Month Anniversary Date through and including the date that is 12
months after the IPO Date, 50% of the Registrable Securities held by such Hedge Fund Party as of the Reference Date. Under no circumstance will Shares Available for Registered Sale include any Common Shares or other securities acquired by a Hedge
Fund Party in or after the IPO. 
 “Short-Form Registration” means registration under the Securities Act on
Form F-3 or S-3 or any successor or similar form of registration statement. 
  “Suspension” has the meaning
set forth in Section 2.8. 
  “Underwritten Offering” means a firm commitment underwritten public
offering pursuant to an effective Registration Statement. 
 “Value” when used in respect of Registrable
Securities means as of any date (i) for Common Shares, the last reported sale price per share on the most recent trading day prior to such date on the principal securities exchange or market on which they are traded and (ii) for any other
securities (and for the Common Shares if they are no longer so traded), the fair value thereof as determined in good faith by the Holders seeking registration of such Registrable Securities. 

Section 1.2. Interpretation. 

(a) When a reference is made in this Agreement to an Article or a Section hereof, such reference shall be to an Article or a
Section of this Agreement unless otherwise indicated. 
 (b) “hereto”, “hereunder”, “herein”,
“hereof” and words of similar import, when used in this Agreement, refer to this Agreement as a whole and not to any particular provision of this Agreement. 

 

 - 4 - 

 (c) The table of contents and headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 (d) The parties have
participated jointly in negotiating and drafting this Agreement. If an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Agreement. 
 (e) The definitions
contained in this Agreement are applicable to the singular as well as the plural forms of such terms. 
 (f) References to a
Person are also to its permitted successors and assigns. 
 (g) The use of “or” is not intended to be exclusive unless
expressly indicated otherwise. 
 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.1. Mandatory Shelf Registration. 

(a) Filing. Immediately following the first anniversary of the IPO Date, the Company shall file with the SEC a Shelf Registration
Statement relating to the offer and sale of all Registrable Securities by any Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in the Shelf Registration Statement and, as promptly
as practicable thereafter, shall use its best efforts to cause such Shelf Registration Statement to be declared effective under the Securities Act. The Company will pay all Registration Expenses incurred in connection with a Shelf Registration
Statement pursuant to this Section 2.1. 
 (b) Continued Effectiveness. The Company shall use its best efforts to
keep such Shelf Registration Statement (or a replacement Shelf Registration Statement) continuously effective under the Securities Act in order to permit the prospectus forming a part thereof to be usable by Holders until the earlier of (i) the
date as of which all Registrable Securities have been sold pursuant to the Shelf Registration Statement and (ii) the date as of which each of the Holders is permitted to sell its Registrable Securities without registration pursuant to Rule 144
under the Securities Act without volume limitations or other restrictions on transfer thereunder (such period of effectiveness, the “Shelf Period”). The Company shall not be deemed to have used its best efforts to keep the Shelf
Registration Statement effective during the Shelf Period if the Company voluntarily takes any action, other than actions that could cause Section 2.8 to apply, or omits to take any action that would result in Holders of the Registrable
Securities covered thereby not being able to offer and sell any Registrable Securities pursuant to such Shelf Registration Statement (or a replacement Shelf Registration Statement) during the Shelf Period, unless such action or omission is required
by applicable law. 
 (c) Underwritten Offering. If the Holders of not less than a majority of any Registrable Securities
included in any offering pursuant to such Shelf Registration Statement so elect, such offering of Registrable Securities shall be in the form of an Underwritten Offering, and promptly upon request by the Holders the Company shall amend or supplement
the Shelf Registration Statement for such purpose; provided, that the Company will not be required to effect such Underwritten Offering unless the aggregate Value as of the date of such election of the Registrable Securities to be included in

  

 - 5 - 

 
such Underwritten Offering is at least $250 million. If the Holders of such Registrable Securities included in such Underwritten Offering do not agree on the selection of the underwriter(s) to
administer such offering, the Investors Committee shall select the underwriter(s) to administer such offering. If the managing underwriter(s) of such proposed Underwritten Offering advise the Holders in writing that, in its or their opinion, the
number of securities requested to be included in such Underwritten Offering exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities
offered or the market for the securities offered, the number of Registrable Securities to be included in such Underwritten Offering shall be allocated pro rata based on the number of Registrable Securities owned by each Holder, in each case
to the extent necessary to reduce the total number of Registrable Securities to be included in such offering to the number recommended by the managing underwriter(s). 

(d) Sales by a Principal Investor or Philips Party. Each Principal Investor and each Philips Party shall be entitled to make
offers and sales under the Shelf Registration Statement referred to in clause (b) of this Section 2.1 from time to time and at such times at they shall determine, so long as such sales shall be permitted pursuant to Articles 6.2.1 and
6.3.1 of the Shareholders Agreement. The Company shall use its commercially reasonable efforts to facilitate sales under this Section 2.1(d). 

Section 2.2. Demand Registrations. 

(a) Long-Form Registration. Subject to any applicable underwriter lock-ups, any Holder may make a written
request to the Company for a Long-Form Registration of Registrable Securities held by such Holder (i) on or at any time after the
180th day after the IPO Date and prior to the first
anniversary of the IPO Date and (ii) if there is no then-currently effective Shelf Registration Statement on file with the SEC, on or at any time after the first anniversary of the IPO Date. Each Demand Notice for a Long-Form Registration shall
specify the kind and aggregate amount of Registrable Securities to be registered and the intended methods of disposition thereof. Promptly after its receipt of a Demand Notice for a Long-Form Registration (but in any event within 10 days), the
Company will give written notice of such request to all other Holders and, if the Demand Notice is given within 12 months after the IPO Date, to the Hedge Fund Parties. Within 30 days after the date the Company has given the Holders (and, if
applicable, the Hedge Fund Parties) notice of the Demand Notice (unless the Registration Statement relating to such Demand Notice would be required to include audited financial statements of the Company that are not currently available, in which
case, promptly after such audited financial statements are prepared and ready to be filed with the SEC), the Company shall register, in accordance with this Agreement, all Registrable Securities that have been requested to be registered in the
Demand Notice and that have been requested by any other Holders or Hedge Fund Parties by written notice to the Company; provided, that (i) the Company will not be required to effect a Long-Form Registration unless the aggregate Value as
of the date of the applicable Demand Notice of the Registrable Securities to be registered at the request of all Holders in connection with the Demand Notice is at least $250 million (including, for this purpose, any held by Hedge Fund Parties that
are to be included in the registration), and (ii) the Company will not be required to register any Registrable Securities owned by Hedge Fund Parties if the Long-Form Registration will not become effective until after the date that is 12 months
following the IPO Date. The Company will pay all Registration Expenses incurred in connection with any registration pursuant to this Section 2.2. 

(b) Short-Form Registration. The Company shall use its best efforts to ensure that, at all times after the first anniversary of
the IPO Date, it will satisfy the “registrant requirements” applicable to the use of Short-Form Registration. Any Holder may make a written request to the Company for a Short-Form Registration of Registrable Securities held by such Holder
on or at any time after the first anniversary of the IPO Date if there is no then-currently effective Shelf Registration Statement on file with the SEC. Unless otherwise specified by the requesting Holder, any such Short-Form

  

 - 6 - 

 
Registration shall be a Shelf Registration Statement and, if permitted under the Securities Act, shall be automatically effective upon filing. Each Demand Notice for a Short-Form Registration
shall specify the kind and aggregate amount of Registrable Securities to be registered and the intended methods of disposition thereof. Promptly after its receipt of a Demand Notice for a Short-Form Registration (but in any event within 10 days),
the Company will give written notice of such request to all other Holders and, if the Demand Notice is given within 12 months after the IPO Date, to the Hedge Fund Parties. Within 30 days after the date the Company has given the Holders (and, if
applicable, the Hedge Fund Parties) notice of the Demand Notice (unless the Registration Statement relating to such Demand Notice would be required to include audited financial statements of the Company that are not currently available, in which
case, promptly after such audited financial statements are prepared and ready to be filed with the SEC), the Company shall register, in accordance with this Agreement, all Registrable Securities that have been requested to be registered in the
Demand Notice and that have been requested by any other Holders or Hedge Fund Parties by written notice to the Company; provided, that the Company will not be required to effect a Short-Form Registration (i) within 90 days after the
effective date of any Registration Statement of the Company filed in response to a Demand Notice hereunder and (ii) unless the aggregate Value as of the date of the applicable Demand Notice of Registrable Securities of the Holders that have
requested Registrable Securities to be registered in such Demand Notice is at least $250 million (including, for this purpose, any held by Hedge Fund Parties that are to be included in the registration) and further provided, that the
Company shall not be required to include any Registrable Securities owned by Hedge Fund Parties if the Short-Form Registration will not become effective until a date that is 12 months or more after the IPO Date. The Company will pay all Registration
Expenses incurred in connection with any Short-Form Registration. 
 (c) Limitations on Demand Registrations; Withdrawal.
Subject to Section 2.2(a) and (b), any Holder will be entitled to request an unlimited number of Demand Registrations. Any Holder shall be entitled to participate in a Demand Registration initiated by any other Holder. The Company will not be
obligated to effect more than one Demand Registration (other than Short-Form Registrations) in any six-month period. A Holder may withdraw its Registrable Securities from a Demand Registration at any time prior to the effectiveness of the applicable
Registration Statement. Upon receipt of notices from all Holders to such effect, the Company shall cease all efforts to seek effectiveness of the applicable Registration Statement. 

(d) Underwritten Offering. Unless otherwise specified in the applicable Demand Notice, any offering of Registrable Securities
pursuant to a Demand Registration shall be an Underwritten Offering. Any offering of Registrable Securities pursuant to a Shelf Registration Statement may, at the election of the Holders of a majority of the Registrable Securities to be included in
the offering, be an Underwritten Offering. The Holders of the Registrable Securities included in any Underwritten Offering effected pursuant to a Demand Registration shall have the right to select the underwriter(s) for such offering,
provided that if such Holders do not agree on the selection of the underwriter(s), the Investors Committee shall select the underwriter(s) to administer such offering. Subject to Section 2.2(e), all Holders of Registrable Securities
included in any Demand Registration shall be entitled to participate in any Underwritten Offering effected pursuant to that Demand Registration, on the same terms and conditions as any other selling Holder. If the managing underwriter(s) for any
such Underwritten Offering advise the selling Holders that, in connection with a Demand Registration, in the opinion of such managing underwriter(s), it is of material importance to the success of such proposed offering that the offering be effected
pursuant to a Long-Form Registration or that the Registration Statement include information not required to be included in a Short Form Registration, then the Company will effect a Long-Form Registration or supplement or replace the prospectus
included in the Registration Statement for the Short-Form Registration as requested by such managing underwriter(s). 
  

 - 7 - 

 (e) Priority on Demand Registration. If a Demand Registration is an Underwritten
Offering and the managing underwriter(s) of such proposed Underwritten Offering advise(s) the Holders and the Hedge Fund Parties in writing that, in its or their opinion, the number of securities requested to be included in such Underwritten
Offering exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then the number of
securities to be included in such Underwritten Offering shall be reduced in the following order of priority: first, there shall be excluded from the Underwritten Offering any securities to be sold for the account of any selling securityholder other
than the Holders and the Hedge Fund Parties; second, there shall be excluded from the Underwritten Offering any securities to be sold for the account of the Company; and finally, the number of Registrable Securities of any Holders and Hedge Fund
Parties that have been requested to be included therein shall be reduced, pro rata based on the number of Registrable Securities owned by each such Holder and Hedge Fund Party, in each case to the extent necessary to reduce the total number
of securities to be included in such offering to the number recommended by the managing underwriter(s). 
 (f) Other
Securities. In any registration requested pursuant to this Section 2.2, the Company shall not include in any Demand Registration any securities owned by any Person (including the Company) other than a Holder or a Hedge Fund Party without
the prior written consent of the Holders of a majority of the Registrable Securities that Holders have requested be included in such registration. 

Section 2.3. Piggyback Registrations. 

(a) Piggyback Request. Whenever the Company proposes to register any of its securities under the Securities Act or equivalent
non-U.S. securities laws (other than (i) in the IPO, (ii) pursuant to a Demand Registration, (iii) pursuant to a registration statement on Form F-4 or S-4 or any successor form or (iv) pursuant to a registration solely relating
to an offering and sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit plan arrangement), and the registration form to be filed may be used for the registration or qualification for
distribution of Registrable Securities, the Company will give prompt written notice to all Holders and, if the notice is given within 10 months and 15 days after the IPO Date, to the Hedge Fund Parties, of its intention to effect such a registration
(but in no event less than 45 days prior to the proposed date of filing of the applicable Registration Statement) and, subject to Section 2.3(d) and Section 2.11, will include in such registration all Registrable Securities with respect to
which the Company has received written requests for inclusion therein within 15 days after the date the Company’s notice is given to such Holders and Hedge Fund Parties (a “Piggyback Registration”). Any Holder or Hedge Fund
Party that has made such a written request for inclusion may withdraw its Registrable Securities from such Piggyback Registration by giving written notice to the Company (and the managing underwriter(s), if any) on or before the fifth day prior to
the planned effective date of such Piggyback Registration. The Company may terminate or withdraw any registration under this Section 2.3 prior to the effectiveness of such registration, whether or not any Holder or Hedge Fund Party has elected
to include Registrable Securities in such registration, and, except for the obligation to pay or reimburse Registration Expenses, the Company will have no liability to any Holder or Hedge Fund Party in connection with such termination or withdrawal.
There shall be no limitation on the number of Piggyback Registrations that the Company shall be required to effect under this Section 2.3. 

(b) Underwritten Registration. If a Piggyback Registration is to provide for an Underwritten Offering, the Company shall advise
the Holders and Hedge Fund Parties as part of the written notice given pursuant to Section 2.3(a). In such event, the right of any Holder and Hedge Fund Party to registration pursuant to Section 2.3(a) will be conditioned upon such
Holder’s participation in such underwriting and the inclusion of such Holder’s or Hedge Fund Party’s Registrable Securities in the underwriting, and each such Holder and Hedge Fund Party will (together with the Company and the other

  

 - 8 - 

 
Holders and Hedge Fund Parties distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the underwriter(s) selected for such
underwriting by the Company. If any Holder or Hedge Fund Party disapproves of the terms of the underwriting, such Holder or Hedge Fund Party may elect to withdraw therefrom in accordance with the provisions of Section 2.3(a). 

(c) Piggyback Registration Expenses. The Company will pay all Registration Expenses in connection with any Piggyback Registration,
whether or not such registration becomes effective or final. 
 (d) Priority of Piggyback Registrations. If the managing
underwriter(s) advise(s) the Company and the Hedge Fund Parties and Holders of Registrable Securities in writing that, in its or their opinion, the number of securities requested to be included in any Underwritten Offering to be effected pursuant to
a Piggyback Registration exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then
the securities to be included in such Underwritten Offering shall be reduced in the following order of priority: first, the Registrable Securities of any Holders and Hedge Fund Parties that have been requested to be included therein shall be
excluded from the Underwritten Offering, pro rata based on the number of Registrable Securities owned by each Holder and Hedge Fund Party, and second, the number of securities to be sold for the account of the Company shall be reduced, in
each case to the extent necessary to reduce the total number of Registrable Securities to be included in such offering to the number recommended by the managing underwriter(s). No registration of Registrable Securities effected pursuant to a request
under this Section 2.3 shall be deemed to have been effected pursuant to Sections 2.1 or 2.2 or shall relieve the Company of its obligations under Sections 2.1 or 2.2. 

Section 2.4. Holdback Agreements. Each of the Company and the Holders agree that upon notice from the managing underwriter(s)
in connection with any registration for an Underwritten Offering of the Company’s securities (other than pursuant to a registration statement on Form F-4 or S-4 or any similar successor form or pursuant to a registration solely relating to an
offering and sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit plan arrangement), not to effect (other than pursuant to such registration) any public sale or distribution of Registrable
Securities, including, but not limited to, any sale pursuant to Rule 144, or make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of, any Registrable Securities, any other equity securities of the Company or any
securities convertible into or exchangeable or exercisable for any equity securities of the Company without the prior written consent of the managing underwriter(s) during the Holdback Period; provided, that such restrictions shall not apply
to (i) securities acquired by a Holder in the public market subsequent to the IPO, (ii) distributions-in-kind to a Holder’s limited or other partners, members or other equity holders or (iii) transfers by a Holder to one or more
of its Affiliates if such Affiliates agree to be bound by the restrictions herein or, in the case of Philips, to a Permitted Philips Transferee (as such term is defined in the Shareholders Agreement). The managing underwriter(s) shall be required to
agree as a condition to obtaining such commitments that any discretionary waiver or termination granted by the managing underwriter(s) in respect of any contractual restrictions imposed pursuant to the foregoing provisions shall be granted to all
Holders on equal terms. Notwithstanding the foregoing, no holdback agreements of the type contemplated by this Section 2.4 shall be required of Holders (i) unless each of the Company’s directors, executive officers and holders of 5%
or more of the outstanding Common Shares agrees to be bound by a substantially identical holdback agreement for at least the same period of time; or (ii) that restricts the offering or sale of Registrable Securities pursuant to a Demand
Registration not effected pursuant to a Shelf Registration Statement; or (iii) that restricts the offering or sale of Registrable Securities pursuant to any Demand Registration in an Underwritten Offering for which pricing occurs within 10 days
after the applicable Registration Statement first becomes effective. 
  

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 Section 2.5. Registration Procedures. If and whenever the Company is required to
effect the registration of any Registrable Securities under the Securities Act pursuant to this Agreement, the Company shall use its best efforts to effect and facilitate the registration, offering and sale of such Registrable Securities in
accordance with the intended method of disposition thereof as promptly as is practicable, and pursuant thereto the Company shall as expeditiously as possible: 

(a) prepare and (within 30 days after the end of the 30-day period within which requests for registration may be given to the
Company pursuant hereto) file with the SEC a Registration Statement with respect to such Registrable Securities, make all required filings with FINRA and thereafter (if the Registration Statement is not automatically effective upon filing) shall use
its best efforts to cause such Registration Statement to become effective, provided that before filing a Registration Statement or any amendments or supplements thereto, the Company will furnish to Holders’ Counsel for such registration
copies of all such documents proposed to be filed, which documents will be subject to review of such counsel at the Company’s expense, provided further that Holders’ Counsel for such registration shall forward such documents
to the Holders and Hedge Fund Parties participating in such registration, give the Holders (and the Hedge Fund Parties to the extent named therein and only with respect thereto and with respect to the amount of Registrable Securities proposed to be
sold by them) an opportunity to comment on such documents and keep such Holders and Hedge Fund Parties reasonably informed as to the registration process; 

(b) (i) prepare and file with the SEC such amendments and supplements to any Registration Statement as may be necessary to keep such
Registration Statement effective for a period of either (A) not less than 6 months or, if such Registration Statement relates to an Underwritten Offering, such longer period as in the opinion of counsel for the managing underwriter(s) a
prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer, or two years in the case of Shelf Registration Statements (or such shorter period ending on the date that the securities
covered by such Shelf Registration Statement cease to constitute Registrable Securities) or (B) such shorter period when all of the securities covered by such Registration Statement have been disposed of in accordance with the intended methods
of disposition by the seller(s) thereof set forth in such Registration Statement (but in any event not before the expiration of any longer period required under the Securities Act) and (ii) to comply with the provisions of the Securities Act
with respect to the disposition of all securities covered by such Registration Statement until such time as all of such securities have been disposed of in accordance with the intended methods of disposition by the seller(s) thereof as set forth in
such Registration Statement; 
 (c) furnish to each seller of Registrable Securities such number of copies, without charge, of
any Registration Statement, each amendment and supplement thereto, including each preliminary prospectus, final prospectus, all exhibits and other documents filed therewith and such other documents as such seller may reasonably request including in
order to facilitate the disposition of the Registrable Securities owned by such seller; 
 (d) use its best efforts to register
or qualify any Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things that may be necessary or reasonably advisable to enable such seller
to consummate the disposition of the seller’s Registrable Securities in such jurisdictions (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be
required to qualify but for this subsection, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction); 

 

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 (e) use its best efforts to cause all Registrable Securities covered by any Registration
Statement to be registered with or approved by such other governmental agencies, authorities or self-regulatory bodies as may be necessary or reasonably advisable in light of the business and operations of the Company to enable the seller(s) thereof
to consummate the disposition of such Registrable Securities in accordance with the intended method or methods of disposition thereof; 

(f) promptly notify each seller of such Registrable Securities and Holders’ Counsel, at any time when a prospectus relating thereto
is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus contains an untrue statement of a material fact or omits any fact necessary to make
the statements therein not misleading in light of the circumstances under which they were made and, as promptly as practicable, prepare and furnish to such seller(s) a reasonable number of copies of a supplement or amendment to such prospectus so
that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain any untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading in the light
of the circumstances under which they were made; 
 (g) notify each seller of any Registrable Securities covered by any
Registration Statement and Holders’ Counsel (i) when the prospectus or any prospectus supplement or post-effective amendment has been filed and, with respect to such Registration Statement or any post-effective amendment, when the same has
become effective, (ii) of any written comments by the SEC or of any request by the SEC for amendments or supplements to such Registration Statement or to amend or to supplement such prospectus or for additional information, and (iii) of
the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceedings for any of such purposes; 

(h) cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are
then listed or, if no similar securities issued by the Company are then listed on any securities exchange, use its reasonable best efforts to cause all such Registrable Securities to be listed on whichever of the New York Stock Exchange or the
NASDAQ Stock Market, as shall be selected by the Company; 
 (i) provide a transfer agent and registrar for all such Registrable
Securities not later than the effective date of such Registration Statement, and, if required, obtain a CUSIP number for such Registrable Securities not later than such effective date; 

(j) enter into such customary agreements (including underwriting agreements with customary provisions in such forms as may be requested
by the managing underwriter(s)) and take all such other actions as a majority of the Holders or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including, without
limitation, effecting a share split or a combination of shares); 
 (k) make available for inspection by any seller of
Registrable Securities and Holders’ Counsel, any underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and
other records, pertinent corporate documents and documents relating to the business of the Company, cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such
seller, underwriter, attorney, accountant or agent in connection with such Registration Statement and make senior management of the Company available for customary due diligence and drafting activity; provided, that any such Person gaining
access to information or personnel pursuant to this Section 2.4(k) shall (i) reasonably cooperate with the Company to limit any resulting disruption to the Company’s business and (ii) agree to use reasonable efforts to protect
the confidentiality 
  

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of any information regarding the Company which the Company determines in good faith to be confidential, and of which determination such Person is notified, unless (A) the release of such
information is requested or required (by deposition, interrogatory, requests for information or documents by a governmental entity, subpoena or similar process), (B) such information is or becomes publicly known without a breach of this
agreement, (C) such information is or becomes available to such Person on a non-confidential basis from a source other than the Company or (D) such information is independently developed by such Person; 

(l) otherwise use its best efforts to comply with all applicable rules and regulations of the SEC, and make available to its security
holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement,
which earnings statement will satisfy the provisions of Section 11(a) of the U.S. Securities Act and Rule 158 thereunder; 

(m) in the case of an Underwritten Offering, promptly incorporate in a prospectus supplement or post-effective amendment such information
as the managing underwriter(s) or any seller of Registrable Securities reasonably request to be included therein, the purchase price being paid therefor by the underwriters and any other terms of the Underwritten Offering of the Registrable
Securities to be sold in such offering, and promptly make all required filings of such prospectus supplement or post-effective amendment; 

(n) in the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, or of any order suspending
or preventing the use of any related prospectus or ceasing trading of any securities included in such Registration Statement for sale in any jurisdiction, use every reasonable effort to promptly obtain the withdrawal of such order; 

(o) make senior management of the Company available to assist to the extent requested by the managing underwriter(s) of any Underwritten
Offering to be made pursuant to such registration in the marketing of the Registrable Securities to be sold in the Underwritten Offering, including the participation of such members of the Company’s senior management in “road show”
presentations and other customary marketing activities, including “one-on-one” meetings with prospective purchasers of the Registrable Securities to be sold in the Underwritten Offering, and otherwise to facilitate, cooperate with, and
participate in each proposed offering contemplated herein and customary selling efforts related thereto, in each case to the same extent as if the Company were engaged in a primary registered offering of its Common Shares; 

(p) obtain all consents of independent public accountants required to be included in the Registration Statement and, in connection with
each offering and sale of Registrable Securities, obtain one or more comfort letters, addressed to the underwriters and to the seller(s) of Registrable Securities, dated the effective date of the Registration Statement (and, in the case of each
Underwritten Offering, dated the date of each closing under the underwriting agreement for such offering), signed by the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by
comfort letters as the underwriters or the Holders of a majority of the Registrable Securities being sold in such offering reasonably request; 

(q) provide all legal opinions from the Company’s outside counsel required to be included in the Registration Statement, and, in
connection with each closing of a sale of Registrable Securities, provide legal opinions from the Company’s outside legal counsel, addressed to the underwriters and the Holders of the Registrable Securities being sold (and, if any Hedge Fund
Parties are selling Registrable Securities in the offering, to such Hedge Fund Parties), dated the effective date of each Registration Statement and each amendment and supplement thereto (and, if such registration includes an

  

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Underwritten Offering, dated the date of the closing under the underwriting agreement), with respect to the Registration Statement, each amendment and supplement thereto (including the
preliminary prospectus) and such other documents relating thereto in customary form and covering such matters of the type customarily covered by legal opinions of such nature; and 

(r) use its best efforts to take or cause to be taken all other actions, and do and cause to be done all other things necessary or
reasonably advisable in the opinion of Holders’ Counsel to effect the registration, marketing and sale of such Registrable Securities. 

The Company agrees not to file or make any amendment to any Registration Statement with respect to any Registrable Securities, or any amendment of or
supplement to the prospectus used in connection therewith, that refers to any Holder or Hedge Fund Party covered thereby by name, or otherwise identifies such Holder or Hedge Fund Party as the holder of any securities of the Company, without the
consent of such Holder or Hedge Fund Party, as applicable, such consent not to be unreasonably withheld or delayed, unless and to the extent such disclosure is required by law. The Company may require each Hedge Fund holding, and Holder of,
Registrable Securities as to which any registration is being effected to furnish the Company with such information regarding such Holder or Hedge Fund Party, as applicable, and pertinent to the disclosure requirements relating to the registration
and the distribution of such securities as the Company may from time to time reasonably request in writing. 
 Section 2.6.
Registration Expenses. Whether or not any Registration Statement is filed or becomes effective, the Company shall pay directly or promptly reimburse all costs, fees and expenses incident to the Company’s performance of or compliance with
this Agreement, including (i) all registration and filing fees, including FINRA filing fees, (ii) all fees and expenses associated with filings to be made with FINRA, any securities exchange or with any other governmental or
quasi-governmental authority; (iii) all fees and expenses of compliance with securities or blue sky laws, including reasonable fees and disbursements of counsel in connection therewith, (iv) all printing expenses (including expenses of
printing certificates for Registrable Securities and of printing prospectuses if the printing of prospectuses is requested by the Holders or the managing underwriter(s), if any), (v) all “road show” expenses incurred in respect of any
Underwritten Offering, including all costs of travel, lodging and meals, (vi) all messenger, telephone and delivery expenses, (vii) all fees and disbursements of counsel for the Company, (viii) all fees and disbursements of all
independent certified public accountants of the Company (including expenses of any “cold comfort” letters required in connection with this Agreement) and all other persons retained by the Company in connection with such Registration
Statement, (ix) all fees and disbursements of underwriters (other than Selling Expenses) customarily paid by the issuers or sellers of securities, (x) all other costs, fees and expenses incident to the Company’s performance or
compliance with this Agreement and (xi) the fees and expenses of Holders’ Counsel (all such expenses, “Registration Expenses”). The Company will, in any event, pay its internal expenses (including, without limitation, all
salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit or quarterly review and the expenses of any liability insurance. All Selling Expenses will be borne by the holders of the
securities so registered pro rata on the basis of the amount of proceeds from the sale of their shares so registered. 

Section 2.7. Underwritten Offering. No Holder or Hedge Fund Party may participate in any registration hereunder that is
underwritten unless such Holder (i) agrees to sell its Registrable Securities on the basis provided in any underwriting arrangements approved by the Person(s) entitled hereunder to approve such arrangements (including, without limitation,
pursuant to the terms of any over-allotment or “green shoe” option requested by the managing underwriter(s); provided, that no Holder or Hedge Fund Party will be required to sell more than the number of Registrable Securities that
such Holder or Hedge Fund Party has requested the Company to include in any registration), (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents

  

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reasonably required under the terms of such underwriting arrangements, and (iii) cooperates with the Company’s reasonable requests in connection with such registration or qualification
(it being understood that the Company’s failure to perform its obligations hereunder, which failure is caused by such Holder’s or Hedge Fund Party’s failure to cooperate, will not constitute a breach by the Company of this Agreement);
provided that no such Holder or Hedge Fund Party shall be required to make any representations or warranties in connection with any such registration other than representations and warranties as to (A) such Holder’s or Hedge Fund
Party’s ownership of Registrable Securities to be transferred free and clear of all liens, claims, and encumbrances created by such Holder or Hedge Fund Party, (B) such Holder’s or Hedge Fund Party’s power and authority to effect
such transfer, and (C) such matters pertaining to such Holder’s or Hedge Fund Party’s compliance with securities laws as reasonably may be requested; provided, further that any obligation of such Holder or Hedge
Fund Party to indemnify any Person pursuant to any underwriting agreement shall be several, not joint and several, among such Holders and Hedge Fund Parties selling Registrable Securities, and such liability shall be limited to the net amount
received by such Holder or Hedge Fund Party, as applicable, from the sale of Registrable Securities pursuant to such registration (which amounts shall include the amount of cash or the fair market value of any assets in exchange for the sale or
exchange of such Registrable Securities or that are the subject of a distribution), and the relative liability of each such Holder and Hedge Fund Party shall be in proportion to such net amounts. 

Section 2.8. Suspension of Registration. In the event of a Material Disclosure Event at the time of the filing, initial
effectiveness or continued use of a Registration Statement, including a Shelf Registration Statement, the Company may, upon giving at least 10 days’ prior written notice of such action to the Holders and (if applicable) the Hedge Fund Parties,
delay the filing or initial effectiveness of, or suspend use of, such Registration Statement (a “Suspension”); provided, however, that, the Company shall not be permitted to exercise a Suspension (i) more than
once during any 12-month period, (ii) for a period exceeding 30 days on any one occasion, (iii) unless for the full period of the Suspension, the Company does not offer or sell securities for its own account, does not permit registered
sales by any holder of its securities and prohibits offers and sales by its directors and officers, or (iv) at any time within seven days prior to the anticipated pricing of an Underwritten Offering pursuant to a Demand Registration or within
35 days after the pricing of such an Underwritten Offering. In the case of a Suspension, the Holders and (if applicable) the Hedge Fund Parties will suspend use of the applicable prospectus in connection with any sale or purchase of, or offer to
sell or purchase, Registrable Securities, upon receipt of the notice referred to above. In connection with a Demand Registration, prior to the termination of any Suspension, the Holder that made the Demand Notice will be entitled to withdraw its
Demand Notice. Upon receipt of notices from all Holders of Registrable Securities included in such Registration Statement to such effect, the Company shall cease all efforts to secure effectiveness of the applicable Registration Statement. The
Company shall immediately notify the Holders and (if applicable) the Hedge Fund Parties upon the termination of any Suspension, amend or supplement the applicable prospectus, if necessary, so it does not contain any untrue statement or omission and
furnish to the Holders and any selling Hedge Fund Parties such numbers of copies of such prospectus as so amended or supplemented as the Holders and such selling Hedge Fund Parties may reasonably request. The Company agrees, if necessary, to
supplement or make amendments to a Registration Statement, if required by the registration form used by the Company for the registration or by the instructions applicable to such registration form or by the Securities Act or the rules or regulations
promulgated thereunder or as may reasonably be requested by the Holders of a majority of the Registrable Securities included in any offering pursuant to such Registration Statement. The Company will pay all Registration Expenses incurred in
connection with any such suspended or aborted registration or prospectus. 
  

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 Section 2.9. Indemnification. 

(a) The Company agrees to indemnify and hold harmless, and hereby does indemnify and hold harmless, each Holder, each Hedge Fund Party,
any Person who is or might be deemed to be a controlling person of the Company or any of its subsidiaries within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, their respective direct and indirect
general and limited partners, advisory board members, directors, officers, trustees, managers, members, agents, Affiliates and shareholders, and each other Person, if any, who controls any such Holder, Hedge Fund Party or controlling person within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each such person being referred to herein as a “Covered Person”) against, and pay and reimburse such Covered Persons for any losses,
claims, damages, liabilities, joint or several, to which such Covered Person may become subject under the Securities Act, the Exchange Act, any state blue sky securities laws, any equivalent non-U.S. securities laws or otherwise, insofar as such
losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon (i) any untrue or alleged untrue statement of material fact contained or incorporated by
reference in any Registration Statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or any document incorporated by reference therein, or any other such disclosure document (including reports and other
documents filed under the Exchange Act and any document incorporated by reference therein) or other document or report, (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein not misleading, or (iii) any violation by the Company of any rule or regulation promulgated under the Securities Act or any state securities laws applicable to the Company and relating to action or inaction required of the Company in
connection with any such registration, and the Company will pay and reimburse such Covered Persons for any legal or any other expenses actually and reasonably incurred by them in connection with investigating, defending or settling any such loss,
claim, liability, action or proceeding; provided, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is
based upon an untrue statement or alleged untrue statement, or omission or alleged omission, made or incorporated by reference in such Registration Statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, or
any document incorporated by reference therein, or any other such disclosure document (including reports and other documents filed under the Exchange Act and any document incorporated by reference therein) or other document or report, or in any
application in reliance upon, and in conformity with, written information prepared and furnished to the Company by such Covered Person expressly for use therein. In connection with an Underwritten Offering, the Company, if requested, will indemnify
the underwriters, their officers and directors and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification of the Covered Persons and in such
other manner as the underwriters may request in accordance with their standard practice. 
 (b) In connection with any
Registration Statement in which a Holder or a Hedge Fund Party is participating, each such Holder and Hedge Fund Party will furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection
with any such Registration Statement or prospectus and will indemnify and hold harmless the Company, its directors and officers, employees, agents and any Person who is or might be deemed to be a controlling person of the Company or any of its
subsidiaries within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any losses, claims, damages, liabilities, joint or several, to which such Holder or Hedge Fund Party or any such director or
officer, any such underwriter or controlling person may become subject under the Securities Act, the Exchange Act, any state blue sky securities laws, any equivalent non-U.S. securities laws or otherwise, insofar as such losses, claims, damages or
liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon (i) any untrue or alleged untrue statement of material fact contained in the Registration Statement, prospectus or
preliminary prospectus or any amendment thereof or supplement thereto or in any application or (ii) any omission or alleged omission of a material fact required to be stated therein or 

 

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necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is made in such Registration Statement, any such prospectus or preliminary
prospectus or any amendment or supplement thereto, or in any application, in reliance upon and in conformity with written information prepared and furnished to the Company by such Holder or Hedge Fund Party, as applicable, expressly for use therein,
and such Holder or Hedge Fund Party, as applicable, will reimburse the Company and each such director, officer, underwriter and controlling Person for any legal or any other expenses actually and reasonably incurred by them in connection with
investigating, defending or settling any such loss, claim, liability, action or proceeding; provided, that the obligation to indemnify and hold harmless will be individual and several to each Holder and Hedge Fund Party and will be limited to
the net amount of proceeds received by such Holder or Hedge Fund Party, as applicable, from the sale of Registrable Securities pursuant to such Registration Statement. 

(c) Any Person entitled to indemnification hereunder shall give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification; provided, that any delay or failure to so notify the indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the extent, if at all, that it is actually and materially
prejudiced by reason of such delay or failure). The indemnifying party shall have the right, exercisable by giving written notice to an indemnified party promptly after the receipt of written notice from such indemnified party of such claim or
proceeding, to assume, at the indemnifying party’s expense, the defense of any such claim or proceeding, with counsel reasonably acceptable to such indemnified party; provided, that (i) any indemnified party shall have the right to
select and employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (A) the indemnifying party has agreed in writing to pay such
fees or expenses, (B) the indemnifying party shall have failed to assume the defense of such claim within a reasonable time after receipt of notice of such claim or fails to employs counsel reasonably satisfactory to such indemnified party or
to pursue the defense of such claim in a reasonably vigorous manner or (C) the named parties to any proceeding (including impleaded parties) include both such indemnified and the indemnifying party, and such indemnified party has reasonably
concluded (based upon advice of its counsel) that there may be legal defenses available to it that are inconsistent with those available to the indemnifying party or that a conflict of interest is likely to exist among such indemnified party and any
other indemnified parties (in which case the indemnifying party shall not have the right to assume the defense of such action on behalf of such indemnified party); and (ii) subject to clause (C) above, the indemnifying party shall not, in
connection with any one such claim or proceeding or separate but substantially similar or related claims or proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and expenses of
more than one firms of attorneys (together with appropriate local counsel) at any time for all of the indemnified parties, or for fees and expenses that are not reasonable. Whether or not the indemnifying party assumes the defense, the indemnifying
party shall not have the right to settle such action without the consent of the indemnified party. No indemnifying party shall consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such indemnified party of an unconditional release from all liability in respect to such claim or litigation. 

(d) If the indemnification provided for in this Section 2.9 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party thereunder, will contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other hand in connection
with the statements or omissions which resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations. The relevant fault of the indemnifying party and the indemnified party will be determined by
reference to, among other things, whether the 
  

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untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. Notwithstanding the foregoing, the amount any Holder or Hedge Fund Party, as applicable, will be obligated to
contribute pursuant to this Section 2.9(d) will be limited to an amount equal to the net proceeds to such Holder or Hedge Fund Party, as applicable, from the Registrable Securities sold pursuant to the Registration Statement which gives rise to
such obligation to contribute (less the aggregate amount of any damages which the Holder or Hedge Fund Party, as applicable, has otherwise been required to pay in respect of such loss, claim, damage, liability or action or any substantially similar
loss, claim, damage, liability or action arising from the sale of such Registrable Securities). No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from
any person who was not guilty of such fraudulent misrepresentation. 
 (e) The indemnification provided for under this Agreement
will remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and will survive the registration and sale of any securities
by any Person entitled to any indemnification hereunder and the expiration or termination of this Agreement. 

Section 2.10. Rule 144. The Company shall use its reasonable best efforts to file in a timely fashion all reports and other
documents required to be filed by it under the Securities Act and the Exchange Act and shall take such further action as the Holders or the Hedge Fund Parties may reasonably request, all to the extent required from time to time to enable the Holders
or the Hedge Fund Parties, as applicable, to sell Registrable Securities without registration under the Securities Act pursuant to (i) Rule 144 (as such rule may be amended from time to time) or (ii) any similar rule or regulation
hereafter adopted by the SEC. Promptly upon the request of a Holder or Hedge Fund Party, the Company will deliver to such Holder or Hedge Fund Party a written statement as to whether it has complied with such requirements. 

Section 2.11. Participation by Hedge Fund Parties. 

(a) The rights of the Hedge Fund Parties under this Agreement shall be limited as follows: 

(i) the only securities that the Hedge Fund Parties shall be entitled hereunder to have registered for sale and subsequently sell are
Shares Available for Registered Sale; 
 (ii) no Hedge Fund Party may participate in a registered offering hereunder after the
first anniversary of the IPO Date; 
 (iii) no registered offering or sale of Registrable Securities hereunder by any Hedge
Fund Party may be effected unless (x) at least one of the Principal Investors participates, and sells Registrable Securities, in the same offering as the Hedge Fund Party; (y) the Sale Quotient of any Hedge Fund Party in respect of such
offering shall not exceed the highest Sale Quotient of any Holder in respect of the same offering and (z) the number of Registrable Securities proposed to be sold by any such Hedge Fund Party in connection with such registered offering, as of
the date of the final prospectus to be used in connection with such offering, does not exceed the Hedge Fund’s Shares Available for Registered Sale as of that date; and 

(iv) the Hedge Fund Parties shall not be entitled to initiate any registration or offering hereunder or to participate in the selection
of the underwriters for any offering hereunder. 
  

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 (b) Subject to the limitations set forth in Section 2.11(a), until the first
anniversary of the IPO Date the following shall apply: 
 (i) Promptly after any Principal Investor elects to participate in a
registered offering hereunder, and in any event within three Business Days thereafter, such Principal Investor (acting either for itself or on behalf of itself any other Principal Investors proposing to participate in such offering) shall provide
written notice of such election to the Hedge Fund Parties. 
 (ii) Each of the Hedge Fund Parties shall promptly, and in any
event within five Business Days after receipt of a notice described in clause (i), notify the Company and the Principal Investors whether it intends to participate in such registered offering and, subject to the limitations of Section 2.11(a),
the number of Registrable Securities such Hedge Fund Party proposes to sell in such offering. 
 ARTICLE III 

MISCELLANEOUS 

Section 3.1. Term. This Agreement will be effective as of the closing of the IPO and will continue in effect thereafter until
the earliest of (i) its termination by the consent of all parties hereto or their respective successors in interest, (ii) the date on which no Registrable Securities remain outstanding, (iii) the dissolution, liquidation or winding up
of the Company and (iv) with respect to the Hedge Fund Parties, the date that is 12 months after the IPO Date. 

Section 3.2. Facilitation of Sale. The Company shall take all actions necessary (and shall direct its transfer agent,
registrar and other officials and agents to take all actions necessary) to facilitate any transfer or sale of Registrable Securities (disregarding, for purposes of this Section 3.2, the second sentence of the definition of “Registrable
Securities”) by Holders that is permitted by this Agreement or the Shareholders’ Agreement. 
 Section 3.3. No
Inconsistent Agreements. The Company represents and warrants that it has not entered, into and covenants and agrees that it will not enter into, any agreement with respect to its securities which is inconsistent with or violates the rights
granted to the Hedge Fund Parties and the Holders of Registrable Securities in this Agreement. The Company represents and warrants that it has not granted, and except as provided in this Agreement the Company will not grant, to any holder or
prospective holder of any securities of the Company registration rights with respect to such securities that are senior or pari passu to the rights granted hereunder, except for agreements that may be entered into in the future with the prior
express written consent of each Principal Investor holding Registrable Securities, or, if no Principal Investor remains, the Holders of a majority of the Registrable Securities. Each Holder and the Company hereby agree and acknowledge that all their
respective rights and obligations under this Agreement are subject to the terms and provisions of the Shareholders Agreement. 

Section 3.4. Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended or
waived only upon the prior written consent of the Company and each of the Principal Investors, or if no Principal Investors remain, the Holders of a majority of the Registrable Securities, provided that in the event that such amendment or
waiver would treat a Holder or Hedge Fund Party, as applicable, or group of Holders or Hedge Fund Parties, as applicable, in a manner different from any other Holders or Hedge Fund Parties, as applicable, then such amendment or waiver will require
the prior written consent of such Holder or Hedge Fund Party, or the Holders of, or Hedge Fund Parties holding, a majority of the Registrable Securities of such group adversely treated, and 

 

 - 18 - 

 
provided further that if any such amendment or waiver would materially and adversely affect the rights of any Hedge Fund Party set forth herein then such amendment or waiver will require
the prior written consent of such Hedge Fund Party whose rights are proposed to be so affected. A copy of each such amendment shall be sent to each Holder and Hedge Fund Party and shall be binding upon each party hereto; provided that the
failure to deliver a copy of such amendment shall not impair or affect the validity of such amendment. 
 Section 3.5.
No Third Party Beneficiaries. Except as set forth in Section 2.9, the terms and provisions of this Agreement are intended solely for the benefit of each party hereto and their respective successors or permitted assigns, and it is not the
intention of the parties to confer third-party beneficiary rights upon any other Person. 
 Section 3.6. Successors and
Assigns. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns; provided that no Principal Investor may assign its rights hereunder except in
connection with the transfer of its Common Shares to any Person in accordance with Articles 6.2 and 6.3 in the Shareholders Agreement and no Hedge Fund Party may assign its rights hereunder except in connection with the transfer of its Common Shares
pursuant to a Permitted Transfer under Article 4.1.1(g) of the Hedge Funds Agreement. Notwithstanding anything to the contrary in this Agreement, the Company may assign this Agreement in connection with a merger, reorganization or sale, transfer or
contribution of all or substantially all of the assets or stock of the Company to any Person, provided that such Person agrees in writing to assume all of the obligations and succeed to all the rights of the Company under this Agreement prior to the
consummation of such merger, reorganization, sale, transfer or contribution. 
 Section 3.7. Entire Agreement. This
Agreement, together with the Shareholders Agreement and the Hedge Funds Agreement (including the Hedge Fund Participation Agreements referred to therein), constitutes the sole and entire agreement among the parties with respect to the subject matter
of this Agreement and the Shareholders Agreement, and supersede all prior representations, agreements and understandings, written or oral, with respect to the subject matter hereof and thereof. 

Section 3.8. Invalid Provisions. If any provision of this Agreement is held to be illegal, invalid or unenforceable under any
present or future law, (a) such provision will be fully severable, (b) this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof, (c) the remaining
provisions of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom and (d) in lieu of such illegal, invalid or unenforceable provision,
there will be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible and the parties hereto shall cooperate in good faith to
formulate and implement such provision. 
 Section 3.9. Counterparts; Effectiveness. This Agreement may be signed in
any number of identical counterparts, each of which shall be deemed an original (including signatures delivered via facsimile or electronic mail) with the same effect as if the signatures thereto and hereto were upon the same instrument. The parties
hereto may deliver this Agreement by facsimile or by electronic mail and each party shall be permitted to rely upon on the signatures so transmitted to the same extent and effect as if they were original signatures. This Agreement shall become
effective when each party hereto shall have received a counterpart hereof signed by each other party hereto. 

Section 3.10. Remedies; Attorney’s Fees. The parties hereto agree that if any of the provisions of this Agreement were
not performed in accordance with their specific terms or were otherwise breached, irreparable damage would occur, no adequate remedy at law would exist and damages would be 

 

 - 19 - 

 
difficult to determine, and that the parties shall be entitled to injunctive relief to prevent breaches of this Agreement and to specific performance of the terms hereof, in addition to any other
remedy at law or equity to which the parties may be entitled. Except as otherwise provided herein, all remedies available under this Agreement, at law or otherwise, shall be deemed cumulative and not alternative or exclusive of other remedies. The
exercise by any party of a particular remedy shall not preclude the exercise of any other remedy. In any action or proceeding brought to enforce any provision of this Agreement, the successful party shall be entitled to recover reasonable
attorneys’ fees in addition to its costs and expenses and all other available remedies. 
 Section 3.11. GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD FOR ANY OF THE CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANY OTHER
JURISDICTION. 
 Section 3.12. CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL. EACH PARTY TO
THIS AGREEMENT HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE SUPREME COURT IN THE COUNTY OF NEW YORK, OR IF SUCH COURT SHALL NOT HAVE PROPER JURISDICTION, OF THE U.S. FEDERAL DISTRICT COURT SITTING IN NEW YORK, AND ANY APPELLATE
COURT THEREOF, IN RESPECT OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, AND AGREES THAT ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE BROUGHT ONLY IN SUCH COURTS (AND
WAIVES AND AGREES NOT TO ASSERT ANY OBJECTION BASED ON FORUM NON CONVENIENS OR ANY OTHER OBJECTION TO VENUE THEREIN OR JURISDICTION THEREOF); PROVIDED, THAT SUCH CONSENT TO JURISDICTION IS SOLELY FOR THE PURPOSE REFERRED TO IN THIS SECTION 3.12 AND
SHALL NOT BE DEEMED TO BE A GENERAL SUBMISSION TO THE JURISDICTION OF SAID COURTS OR IN THE STATE OF NEW YORK OTHER THAN FOR SUCH PURPOSE. Any and all process may be served in any action, suit or proceeding arising in connection with this Agreement
by complying with the provisions of Section 3.12. Such service of process shall have the same effect as if the party being served were a resident in the State of New York and had been lawfully served with such process in such jurisdiction. The
parties hereby waive all claims of error by reason of such service. Nothing herein shall affect the right of any party to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against the other in
any other jurisdiction to enforce judgments or rulings of the aforementioned courts. EACH PARTY TO THIS AGREEMENT HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED HEREBY, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 3.12. 
  

 - 20 - 

 Section 3.13. Notice. 

(a) All notices and other communications under this Agreement must be in writing and delivered to the applicable party or parties in
Person or by delivery to the address or facsimile number specified below (or to such other address or facsimile number as the recipient previously shall have specified by notice to the other parties hereunder): 

If to the Company: 

NXP Semiconductors N.V. 

High Tech Campus 60 

5656AG Eindhoven, The Netherlands 

Attention: Guido Dierick 

Tel: +31 (0) 40 272 9233 

Fax: +31 (0) 40 272 9658 

Email: guido.dierick@nxp.com 

With a copy (which shall not constitute notice) to: 

Nick Shaw 

Simpson Thacher & Bartlett 

Citypoint, One Ropemaker Street 

London EC2Y 9HU 

Phone +44 20 7275 6558 

Fax +44 20 7275 6502 

E-mail: nshaw@stblaw.com 

If to AlpInvest Partners CSI 2006 Lion C.V. and AlpInvest Partners Later Stage II-A 

Lion C.V: 
 c/o
AlpInvest Partners N.V. 
 Jachthavenweg 118 

1081 KJ Amsterdam, The Netherlands 

Attention: Erik Thyssen 

Tel: + 31 (0) 20 540 7620 

Fax: + 31 (0) 20 540 7502 

Email: erik.thyssen@alpinvest.com 

With a copy (which shall not constitute notice) to: 

Clifford Chance LLP 

10 Upper Bank Street 

London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 

Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to Meridian Holding S.a r.l.: 

c/o Apax Partners LLP 

33 Jermyn Street 

London SW1Y 6DN, the United Kingdom 

Attention: Sharon Ferreira 

Tel: +44 (0)20 7666 6592 

Fax: +44 (0)20 7666 6577 

Email: sharon.ferreira@apax.com 
  

 - 21 - 

 With a copy (which shall not constitute notice) to: 

Clifford Chance LLP 

10 Upper Bank Street 

London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 

Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to Bain Pumbaa LuxCo S.a r.l.: 

c/o Bain Capital TDL 

Devonshire House
6th Floor 

Mayfair Place 

London W1J 8AJ, the United Kingdom 

Attention: Michel Plantevin 

Tel: +44 20 7514 5252 

Fax: +44 20 7514 5250 

Email: mplantevin@baincapital.com 

With a copy (which shall not constitute notice) to: 

Clifford Chance LLP 

10 Upper Bank Street 

London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 

Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to KKR NXP Investor S.a r.l.: 

c/o Kohlberg Kravis Roberts & Co. Limited 

Stirling Square 

7 Carlton Gardens 

London SW1Y 5AD, the United Kingdom 

Attention: Johannes Huth 

Tel: + 44 20 7839 9800 

Fax: + 44 20 7839 9801 

Email: huthj@kkr.com 

With a copy (which shall not constitute notice) to: 

Clifford Chance LLP 

10 Upper Bank Street 

London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 

Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 
  

 - 22 - 

 If to NXP Co-Investment Investor S.a r.l.: 

c/o Avega Services (Luxembourg) S.à r.l. 

61 rue de Rollingergrund 

L-2440 Luxembourg, Luxembourg 

Attention: Wolfgang Zettel 

Tel: +352 246 943 28 

Fax: +352 246 943 70 

E-Mail: wolfgang.zettel@avega.lu 

With a copy (which shall not constitute notice) to: 

Clifford Chance LLP 

10 Upper Bank Street 

London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 

Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to SL II NXP S.a r.l.: 

Silver Lake Management Company, L.L.C. 

2775 Sand Hill Road, Suite 100 

Menlo Park, CA 94025 

Attn: Egon Durban 

Tel: +1 650 233 8120 

Fax: +1 650 233 8125 

E-mail: Egon.Durban@silverlake.com 

With a copy (which shall not constitute notice) to: 

Clifford Chance LLP 

10 Upper Bank Street 

London E14 5JJ, the United Kingdom 

Attention: Thijs Alexander 

Tel: +44 (0)20 7006 4583 

Fax: +44 (0)20 7006 5555 

Email: thijs.alexander@cliffordchance.com 

If to Koninklijke Philips Electronics N.V.: 

Koninklijke Philips Electronics N.V. 

Amstelplein 2, 

1096 BC Amsterdam, The Netherlands 

Attention: Eric Coutinho 

Tel: +31 20 59 77232 

Fax: +31 20 59 77150 

Email: eric.coutinho@philips.com 
  

 - 23 - 

 With a copy (which shall not constitute notice) to: 

Andrew D. Soussloff 

Sullivan & Cromwell LLP 

125 Broad Street 

New York, NY 10004 

USA 
 Phone
(212) 558-3681 
 Fax (212) 291-9147 

and 
 Arne Grimme

 De Brauw Blackstone Westbroek N.V. 

Claude Debussylaan 80 

1070 AB Amsterdam 

Tel +31 20 577 1421 

Fax +31 20 577 1775 

Email: arne.grimme@debrauw.com 

If to Stichting Management Co-Investment NXP: 

C/o NXP Semiconductors N.V. 

High Tech Campus 60 

5656AG Eindhoven, The Netherlands 

Attention: Guido Dierick 

Tel: +31 (0) 40 272 9233 

Fax: +31 (0) 40 272 9658 

Email: guido.dierick@nxp.com 

With a copy (which shall not constitute notice) to: 

Arne Grimme 
 De
Brauw Blackstone Westbroek N.V. 
 Claude Debussylaan 80 

1070 AB Amsterdam 

Tel +31 20 577 1421 

Fax +31 20 577 1775 

Email: arne.grimme@debrauw.com 

If to Kings Road Holdings IV L.P.: 

c/o Polygon Investment Partners L.P. 

Attn: Mike Adams 

399 Park Avenue
22nd Floor 

New York, NY 10022 

Tel: (212) 359-7355 

Fax: (2120 359-7301 

Email: madams@polygoninv.com 
  

 - 24 - 

 If to NXP Co-Investment Partners II, L.P.: 

c/o BlueCrest GP III Limited 

c/o BlueCrest Capital Management (UK) LLP 

Paul Dehadray (General Counsel) 

40 Grosvenor Place 

London SW1X 7AW, the United Kingdom 

If to NXP Co-Investment Partners III, L.P.: 

c/o Solar Capital Ltd. 

Attention: Brian Gerson 

500 Park Avenue,
5th Floor 

New York, NY 10022 

Tel: +1 212-993-1669 

Fax: +1 212-993-1698 

Email: gerson@solarcapltd.com 

If to NXP Co-Investment Partners IV, L.P. or to OZ NXP Investment Ltd: 

c/o Stuarts Corporate Services Limited 

Po Box 2510 Cayman Financial Centre 

George Town, Grand Cayman KY – 1104 

Cayman Islands 

With a copy (which shall not constitute notice) to: 

Och-Ziff Management Europe Ltd. 

40 Argyll Street 

London W1F 7EB, UK 

Fax: +44 207 758 4401 

Attention: Andrew Frank, Compliance Officer 

If to NXP Co-Investment Partners V, L.P. or NXP Co-Investment Partners VI, L.P: 

c/o TCW Crescent Mezzanine Management IV, LLC 

11100 Santa Monica Blvd. Suite 2000 

Los Angeles, CA 90025 

Attention: Raymond Barrios 

Fax No.: 310-235-5967 

E-mail: raymond.barrios@tcw.com 

If to NXP Co-Investment Partners VII, L.P.: 

c/o MAC Capital, Ltd. 

11100 Santa Monica Blvd. Suite 2000 

 

 - 25 - 

 
Los Angeles, CA 90025 
 Attention: Scott Fukumoto 

Fax No.: 310-235-5969 

E-mail: scott.fukumoto@tcw.com 

If to NXP Co-Investment Partners VIII, L.P.: 

C/o UniCredit Corporate & Investment Banking (MIP1RT) 

NXP Co-Investment Partners VIII, L.P. 

Attention: Dr. Wolfgang Pfister 

Arabellastraße 14 

D-81925 Munich 

Tel. +49 89 378-20519 

Fax +49 89 378-33-20519 

Email: wolfgang.pfister@unicreditgroup.de 

With a copy (which shall not constitute notice) to: 

HVB Capital Partners AG (MIP1RT) 

UniCredit Corporate & Investment Banking 

Attention: Olaf Alex/Dr. Britta Lorenz 

Arabellastraße 14 

D-81925 Munich 

Tel. +49 89 378-12417 

Fax +49 89 378-22437 

Email: olaf.alex@unicreditgroup.de 

(b) All notices and other communications sent to the applicable address or facsimile number specified above shall be deemed to have been
delivered at the earlier of (i) the time of actual receipt by the addressee; (ii) if the notice is sent by facsimile transmission, the time indicated on the transmitting party’s receipt of confirmation of transmission that time is
during the addressee’s regular business hours on a Business Day, and otherwise at 9:00 a.m. on the next Business Day after such time; and (iii) if the notice is sent by a nationally recognized, reputable overnight courier service, the time
shown on the confirmation of delivery provided by that service if that time is during the recipient’s regular business hours on a Business Day, and otherwise at 9:00 a.m. on the next Business Day after such time. 

Section 3.14. Company Obligations Regarding Transfers. The Company shall take any and all action necessary or reasonably
requested by any Holder in order to permit or facilitate transfers of Registrable Securities by any such Holder that are in compliance with the terms of the Shareholders Agreement, including, without limitation, by issuing directions to any transfer
agent, registrar or depositary. The Company further agrees that it shall cooperate with the Hedge Fund Parties and shall promptly take any and all action necessary or reasonably requested by any Hedge Fund Party in order to permit or facilitate the
transfer of Registrable Securities held by any such Hedge Fund Party as of the earliest possible time that such Registrable Securities may be transferred in compliance with the Hedge Funds Agreement. Not in limitation but in furtherance of the
foregoing, the Company agrees, subject only to the receipt on or prior to the commencement of each Post IPO Quarter (as defined in the Hedge Funds Agreement) of a certificate of the applicable Hedge Fund Party executed by a senior officer of such
Hedge Fund Party or a senior officer of the investment manager, management company or general partner 
  

 - 26 - 

 
of such Hedge Fund Party representing that any sales of Registrable Securities by such Hedge Fund Party prior to the date of the certificate have been made in compliance with the Hedge Funds
Agreement and covenanting that any sales of Registrable Securities by such Hedge Fund Party shall be in compliance with the Hedge Funds Agreement, and at the sole expense of the Company, to issue such directions to the transfer agent, registrar
or depositary, as applicable, and to deliver such opinions to the transfer agent, registrar or depositary, as are requested by the same, and to take or cause to be taken such other actions as are reasonably necessary (in each case issuing such
instructions, delivering such opinions and taking such actions in a timely manner, including in advance of the commencement of each applicable Post IPO Quarter to the extent necessary) in order to cause the removal of any and all legends, notations
or similar designations restricting transferability of the Registrable Shares held by such Hedge Fund Party, with the result that as of the commencement of each Post IPO Quarter, any and all legends, notations or similar designations shall have been
removed from at least such number of each Hedge Fund’s Registrable Securities that is equal to such Hedge Fund Party’s Quarterly Percentage Cap (as defined in the Hedge Funds Agreement) for the applicable Post IPO Quarter; provided, that
in all events the Company’s obligations hereunder shall be subject to any limitations imposed by applicable law. 
  

 - 27 - 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the day and year first above written. 
 (signature pages to follow) 

 

 - 28 -

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