Document:

Exhibit

UNIT PURCHASE AGREEMENT
THIS UNIT PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of May 4, 2017, by and among Desert Newco, LLC, a Delaware limited liability company (“Desert Newco”) and each of the entities identified on Schedule A hereto (each a “Selling Holder” and collectively, the “Selling Holders”).
RECITALS
WHEREAS, the Selling Holders own shares of the Class A common stock, $0.001 par value per share (“Class A Common Stock”) of GoDaddy Inc., a Delaware corporation (the “Company”) and/or shares of the Class B common stock, $0.001 par value per share (“Class B Common Stock”) of the Company and limited liability company units (the “Units”) in Desert Newco.
WHEREAS, the Company and the Selling Holders have executed an underwriting agreement (the “Underwriting Agreement”), pursuant to which the Company has agreed to issue, sell and deliver and the Selling Holders have agreed to sell and deliver to the Underwriters (as defined in the Underwriting Agreement) 100,000 shares and 27,615,000 shares of Class A Common Stock (including the underwriters’ option to purchase additional shares from the Selling Stockholders), respectively, in a firm commitment underwritten public offering at a price per share to the Underwriters of $37.44125 (the “Public Offering”). 
WHEREAS, in addition to the sales of Class A Common Stock pursuant to the Underwriting Agreement, the Selling Holders desire to sell to Desert Newco a portion of the remaining Units held by the Selling Holders (the “Repurchased Units”), and the Selling Holders will also surrender to Desert Newco for no consideration an equal number of shares of Class B Common Stock (the “Transferred Class B Shares”, and together with the Repurchased Units, the “Repurchased Interests”), and Desert Newco desires to purchase from the Selling Holders the Repurchased Units and Desert Newco desires to acquire from the Selling Holders the Transferred Class B Shares for no consideration, on the terms and subject to the conditions set forth herein (the “Repurchase Transaction”).
WHEREAS, after due consideration, the Audit and Finance Committee of the board of directors of the Company (the “Board”), found the Repurchase Transaction advisable and fair to, and in the best interest of, the Company and its stockholders (other than the stockholders of the Company affiliated with a party to the Repurchase Transaction) and recommended that the Board approve and authorize the Repurchase Transaction and authorize the Company, as the Managing Member of Desert Newco, to approve the Repurchase Transaction. 
WHEREAS, after due consideration, each of (i) the Board, (ii) the Company, as Managing Member of Desert Newco, and (iii) the Executive Committee of the Board, have approved the Repurchase Transaction.
NOW, THEREFORE, in consideration of the premises and the agreements set forth below, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
ARTICLE I 
 
SALE AND PURCHASE OF UNITS
Section 1.1    Purchase.  Subject to the terms and conditions of this Agreement, at the Closing (as defined below) (a) Desert Newco agrees with each Selling Holder to purchase from such Selling Holder, and each of the Selling Holders agrees, severally and not jointly, to sell to Desert Newco, that number of Repurchased Units set forth opposite such Selling Holder’s name on Schedule A hereto at a price per unit of $37.44125 (the “Per Unit Purchase Price”), resulting in a total purchase price of $ $274,999,990.65 and (b) Desert Newco agrees to acquire from the Selling Holders, and each of the Selling Holders agrees, severally and not jointly, to surrender to Desert Newco, the Transferred Class B Shares set forth opposite such Selling Holder’s name on Schedule A hereto for no additional consideration.  

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Section 1.2    Closing.  The obligation of the Selling Holders to sell the Repurchased Interests to Desert Newco and the obligation of Desert Newco to purchase and pay for the Repurchased Interests on the Closing Date (as defined below) are subject to the condition that the sale of the Firm Shares pursuant to the Underwriting Agreement shall have closed. The closing of the Repurchase Transaction (the “Closing”) shall take place as soon as practicable following the closing of the sale of the Firm Shares (as defined in the Underwriting Agreement) pursuant to the Underwriting Agreement or such other subsequent date as each of the parties hereto agrees to in writing (the “Closing Date”). For the avoidance of doubt, the Closing shall be deemed to occur after the completion of any exchange of Class B Common Stock and Units for shares of Class A Common Stock included among the Firm Shares.  On the Closing Date, each of the Selling Holders shall deliver to Desert Newco, in a form and in a manner reasonably acceptable to Desert Newco, all of its Repurchased Interests, as set forth on Schedule A hereto, free and clear of all liens, pledges, charges, equities, claims or other encumbrances, together with any further documents or instruments, including, if appropriate, stock powers duly endorsed in blank or stock transfer stamps affixed thereto, or certificates from broker-dealers previously holding liens on such securities or holding such securities for the Selling Holders, reasonably requested by Desert Newco.  On the Closing Date, Desert Newco shall pay each of the Selling Holders by wire transfer an amount equal to the Per Unit Repurchase Price multiplied by the number of Repurchased Units being sold to Desert Newco by each Selling Holder, as set forth on Schedule A hereto.  
ARTICLE II     
 
REPRESENTATIONS AND WARRANTIES OF THE SELLING HOLDERS
Each Selling Holder hereby makes the following representations and warranties to the Company and Desert Newco as to itself, each of which is true and correct on the date hereof and the Closing Date.
Section 2.1    Existence and Power. 
(a)    Such Selling Holder has all requisite corporate, limited liability company or limited partnership power, as applicable, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby.
(b)    The execution and delivery of this Agreement by such Selling Holder and the consummation by such Selling Holder of the transactions contemplated hereby (i) do not require the consent, approval, authorization, order, registration or qualification of any governmental body or authority, court or arbitrator having jurisdiction over such Selling Holder, except (1) such as has previously been obtained or (2) where the failure to obtain any such consent, approval, authorization, order, registration or qualification would not, individually or in the aggregated, reasonably be expected to have a material adverse effect on the ability of such Selling Holder to consummate the transactions contemplated in this Agreement and (ii) except as would not have a material adverse effect on the ability of such Selling Holder to consummate the transactions contemplated by this Agreement, do not and will not constitute or result in a breach, violation, conflict or default under any agreement or other  instrument that is material to such Selling Holder or with such Selling Holder’s organizational documents, or any judgment, order or decree of any governmental body, agency or court having jurisdiction over such Selling Holder.
Section 2.2    Valid and Enforceable Agreement; Authorization.  This Agreement has been duly executed and delivered by such Selling Holder and constitutes a legal, valid and binding obligation of such Selling Holder, enforceable against such Selling Holder in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws of general application affecting enforcement of creditors’ rights generally, laws relating to the availability of specific performance, injunctive relief or other equitable remedies and general principles of equity.
Section 2.3    Title to Shares.  Such Selling Holder has good and valid title to the Repurchased Interests beneficially owned by it (as reflected on Schedule A hereto) free and clear of any lien, encumbrance, pledge, charge, security interest, mortgage, title retention agreement, option, equity or other adverse claim, and has not, in whole or in part, (a) assigned, transferred, hypothecated, pledged or otherwise disposed of the Repurchased Interests or its ownership 

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rights in such Repurchased Interests, or (b) given any person or entity any transfer order, power of attorney or other authority of any nature whatsoever with respect to such Repurchased Interests.
Section 2.4    Sophistication of Selling Holder.  Selling Holder acknowledges and agrees that, except as set forth in this Agreement, neither the Company nor Desert Newco is making any express or implied warranties in connection with the Repurchase Transaction.  Selling Holder has such knowledge and experience in financial and business matters and in making investment decisions of this type that it is capable of evaluating the merits and risks of making its investment decision regarding the Repurchase Transaction and of making an informed investment decision.  Selling Holder and/or Selling Holder’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Company and Desert Newco concerning the Repurchased Interests, the Company and Desert Newco and all such questions have been answered to the Selling Holders full satisfaction.  Selling Holder is not relying on the Company or Desert Newco with respect to the tax and other economic considerations of the Repurchase Transaction, and Selling Holder has relied on the advice of, or has consulted with, Selling Holder’s own advisors.
Section 2.5    No Broker.  Except as previously disclosed to Desert Newco, such Selling Holder has not engaged any third party as broker or finder or incurred or become obligated to pay any broker’s commission or finder’s fee in connection with the transactions contemplated by this Agreement.
ARTICLE III     
 
REPRESENTATIONS AND WARRANTIES DESERT NEWCO
Desert Newco hereby makes the following representations and warranties to the Selling Holders, each of which is true and correct on the date hereof and the Closing Date.
Section 3.1    Existence and Power.
(a)    Desert Newco is duly formed, validly existing and in good standing under the laws of the State of Delaware and has all requisite power, authority and capacity to execute and deliver this Agreement, to perform the obligations hereunder, and to consummate the transactions contemplated hereby.
(b)    The execution and delivery of this Agreement by Desert Newco and the consummation by Desert Newco of the transactions contemplated hereby (i) do not require the consent, approval, authorization, order, registration or qualification of, or (except for filings pursuant to the Securities Exchange Act of 1934) filing with, any governmental authority or court, or body or arbitrator having jurisdiction over Desert Newco; and (ii) except as would not have an adverse effect on the ability of Desert Newco to consummate the transactions contemplated by this Agreement, do not and will not constitute or result in a breach, violation, conflict or default under, any note, bond, mortgage, deed, indenture, lien, instrument, contract, agreement, lease or license, whether written or oral, express or implied, to which Desert Newco is a party, with the respective organizational documents or code of regulations, or any statute, law, ordinance, decree, order, injunction, rule, directive, judgment or regulation of any court, administrative or regulatory body, governmental authority, arbitrator, mediator or similar body on the part of Desert Newco or cause the acceleration or termination of any obligation or right of Desert Newco or any other party thereto.
Section 3.2    Valid and Enforceable Agreement; Authorization.  This Agreement has been duly executed and delivered by Desert Newco and constitutes a legal, valid and binding obligation of Desert Newco, enforceable against Desert Newco in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws of general application affecting enforcement of creditors’ rights generally and general principles of equity.
Section 3.3    No Broker.  Except as previously disclosed to each Selling Holder, Desert Newco has not engaged any third party as broker or finder or incurred or become obligated to pay any broker’s commission or finder’s fee in connection with the transactions contemplated by this Agreement.

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ARTICLE IV     
 
MISCELLANEOUS PROVISIONS
Section 4.1    Notice.  All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission and electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested and received by non-automated response). All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. Pacific Time on a business day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed to have been received on the next succeeding business day in the place of receipt. All such notices, requests and other communications to any party hereunder shall be given to such party as follows:
If delivered to Desert Newco, to:

c/o GoDaddy Inc.
14455 North Hayden Road/Suite 219
Scottsdale, Arizona 85260
Attn:      Nima Kelly
Matthew Forkner
Facsimile:  480-624-2546
E-mail:     nima@godaddy.com
 mforkner@godaddy.com
with a copy (which shall not constitute notice) to:

Wilson Sonsini Goodrich & Rosati, P.C.
650 Page Mill Road
Palo Alto, CA 94304
Attn: Jeffrey D. Saper, Rezwan D. Pavri and Allison B. Spinner
Fax No.: (650) 493-6811
Email: jsaper@wsgr.com
            rpavri@wsgr.com
            aspinner@wsgr.com
If to the Selling Holders, to:

At the address listed for each Selling Holder on Schedule A hereto.
with copies (which shall not constitute notice) to:

Simpson Thacher & Bartlett LLP 
2475 Hanover Street 
Palo Alto, CA 94304 
Attention:    Daniel N. Webb
Facsimile:    (650) 251-5002
E-mail:        dwebb@stblaw.com

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De Castro, West, Chodorow, Mendler, Glickfeld & Nass, Inc.
10960 Wilshire Boulevard
Fourteenth Floor East
Los Angeles, California  90024-3881
Attention:     Andrew Bernknopf 
Facsimile:    (310) 473-0123
Email:        abernknopf@dwclaw.com 
Section 4.2    Entire Agreement.  This Agreement and the other documents and agreements executed in connection with the Repurchase Transaction embody the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous oral or written agreements, representations, warranties, contracts, correspondence, conversations, memoranda and understandings between or among the parties or any of their agents, representatives or affiliates relative to such subject matter, including, without limitation, any term sheets, emails or draft documents.
Section 4.3    Assignment; Binding Agreement.  This Agreement and the various rights and obligations arising hereunder shall inure to the benefit of and be binding upon the parties hereto and their successors and assigns.
Section 4.4    Counterparts.  This Agreement may be executed in multiple counterparts, and on separate counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.  Any counterpart or other signature hereupon delivered by facsimile or other electronic means of transmission shall be deemed for all purposes as constituting good and valid execution and delivery of this Agreement by such party.
Section 4.5    Governing Law; Jurisdiction; Waiver of Jury Trial.  This Agreement shall in all respects be construed in accordance with and governed by the substantive laws of the State of Delaware, without giving effect to principles of conflicts of laws.  All actions, suits or proceedings arising out of or relating to this Agreement or any transaction contemplated hereby shall be heard and determined in the Court of Chancery of the State of Delaware (or, if the Court of Chancery declines to accept jurisdiction over any action suit or proceeding, any state or federal court located within the State of Delaware) and the parties hereto irrevocably submit to the exclusive jurisdiction and venue of such courts in any such action, suit or proceeding and irrevocably waive the defense of an inconvenient forum or lack of jurisdiction to the maintenance of any such action, suit or proceeding. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.
Section 4.6    No Third Party Beneficiaries or Other Rights.  Nothing herein shall grant to or create in any person not a party hereto, or any such person’s dependents or heirs, any right to any benefits hereunder, and no such party shall be entitled to sue any party to this Agreement with respect thereto other than the Company.  In furtherance of the foregoing, the Company is an intended beneficiary of all of the rights, privileges and benefits of the Company set forth in this Agreement (including, without limitation, each of the representations and warranties made by the Selling Holders herein), and shall have the right to enforce each such term of this Agreement as if it had been a party hereto.
Section 4.7    Waiver; Consent.  This Agreement and its terms may not be changed, amended, waived, terminated, augmented, rescinded or discharged (other than in accordance with its terms), in whole or in part, except by a writing executed by each of Desert Newco and any Selling Holder whose rights or obligations are affected by such change, amendment, waiver, termination, augmentation, rescission or discharge.
Section 4.8    Costs and Expenses.  Each party hereto shall pay their own respective costs and expenses, including, without limitation, any commission or finder’s fee to any broker or finder, incurred in connection with the negotiation, preparation, execution and performance of this Agreement. 

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Section 4.9    Severability.  If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby.
Section 4.12     Lock-up. The Selling Holders hereby acknowledge and agree that the Repurchased Interests as set forth on Schedule A sold pursuant to this Agreement that have been released from the lock-up requirements set forth in Section 8.3(a) of the Third Amended and Restated Limited Liability Company Agreement of Desert Newco (the “LLCA”) are in full satisfaction of any lock-up release rights pursuant to Section 8.3(b) of the LLCA relating to the Repurchase Transaction.
(Signatures appear on the next page.)

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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as of the date first above written.
	
			
	DESERT NEWCO, LLC
	 

	By:
	/s/ Ray Winborne
	 

	 
	Name: Ray Winborne
Title: Chief Financial Officer
	 

JOINDER:
The Company joins in the execution of this Agreement solely for purposes of acknowledging the rights granted to it in this Agreement.
	
			
	GODADDY INC.
	 

	By:
	/s/ Ray Winborne
	 

	 
	Name: Ray Winborne
Title: Chief Financial Officer
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	KKR 2006 FUND (GDG) L.P.
	 

	By:
	KKR Associates 2006 AIV L.P., its general partner
	 

	By:
	KKR 2006 AIV GP LLC, its general partner
	 

	By:
	/s/ William J. Janetschek
	 

	 
	Name: William J. Janetschek
Title: Vice President
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	KKR PARTNERS III, L.P.
	 

	By:
	KKR III GP LLC, its general partner
	 

	By:
	/s/ William J. Janetschek
	 

	 
	Name: William J. Janetschek
Title: Vice President
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	OPERF CO-INVESTMENT LLC
	 

	By:
	KKR Associates 2006, L.P., its manager
	 

	By:
	KKR 2006 GP LLC, its general partner
	 

	By:
	/s/ William J. Janetschek
	 

	 
	Name: William J. Janetschek
Title: Vice President
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	SLP GD INVESTORS, L.L.C.
	 

	By:
	Silver Lake Partners III DE (AIV IV), L.P., its managing member
	 

	By:
	Silver Lake Technology Associates III, L.P., its general partner
	 

	By:
	SLTA III (GP), L.L.C., its general manager
	 

	By:
	Silver Lake Group, L.L.C., its managing member
	 

	By:
	/s/ Karen M. King
	 

	 
	Name: Karen M. King
Title: Managing Director and Chief Legal Officer
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	TCV VII, L.P.
	 

	By:
	/s/ Frederic D. Fenton
	 

	 
	Name: Frederic D. Fenton
Title: Authorized Signatory
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	TCV MEMBER FUND, L.P.
	 

	By:
	/s/ Frederic D. Fenton
	 

	 
	Name: Frederic D. Fenton
Title: Authorized Signatory
	 

[Signature page to Unit Purchase Agreement]

AS A SELLING HOLDER:
	
			
	YAM SPECIAL HOLDINGS, INC.
	 

	By:
	/s/ Robert R. Parsons
	 

	 
	Name: Robert R. Parsons
Title: President
	 

[Signature page to Unit Purchase Agreement]

SCHEDULE A
	
				
	Selling Holder
	Number of 
Repurchased Units
	Aggregate Purchase Price for Repurchased Units
	

Number of 
Transferred Class B Shares

	YAM Special Holdings
	2,131,975
	$79,823,808.97
	2,131,975

	SLP GD Investors, L.L.C.
	2,129,018
	$79,713,095.2
	2,129,018

	KKR 2006 Fund (GDG) L.P
	1,877,269
	$70,287,297.95
	1,877,269

	KKR Partners III, L.P
	206,627
	$7,736,373.17
	206,627

	OPERF Co-Investment LLC
	45,122
	$1,689,424.09
	45,122

	TCV VII, L.P.
	946,626
	$35,442,860.73
	946,626

	TCV Member Fund, L.P.
	8,203
	$307,130.58
	8,203Exhibit 101

		

			Exhibit 10.1

		

		
			Bankrate, Inc.
		

		
			2015 EQUITY COMPENSATION PLAN
		

		
			RESTRICTED STOCK UNIT AGREEMENT
		

		
			THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), dated as of March 15, 2017 (the “Grant Date”), is entered into by and between Bankrate, Inc., a Delaware corporation (the “Company”), and [NAME], an employee of the Company (the “Participant”).
		

		
			WHEREAS, the Bankrate, Inc. 2015 Equity Compensation Plan (the “Plan”) provides for grants of Restricted Stock Units; and
		

		
			WHEREAS, the Compensation Committee of the Board of Directors of the Company has decided to make a grant of RSUs (as defined below) to the Participant in order to promote the best interests of the Company and its stockholders on the terms and conditions set forth in this Agreement, conditioned on the Participant’s execution of this Agreement.
		

		
			NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements contained herein, the parties hereto agree as follows:
		

			
	
			
				 1.
			

			
	
			
			Restricted Stock Unit Grant.  The Company hereby grants to the Participant [NUMBER] Restricted Stock Units (the “RSUs”), subject to the terms and conditions of this Agreement and the Plan (which is incorporated herein by reference with the same effect as if set forth herein in full) in addition to such other restrictions, if any, as may be imposed by law.

			
	
			
				 2.
			

			
	
			
			Definitions.  All capitalized terms used herein shall have the same meaning as in the Plan, except as otherwise expressly provided.

			
	
			
				 3.
			

			
	
			
			Vesting and Forfeiture.

			
	
			
				 (a)
			

			
	
			
			Service Vesting.  Except as otherwise set forth in this Agreement, the RSUs shall vest in three equal annual installments on each of the first, second, and third anniversaries of the Grant Date (each, a “Vesting Date”), in each case, subject to the Participant’s continued employment with the Company and its Affiliates through the applicable Vesting Date.

			
	
			
				 (b)
			

			
	
			
			Termination of Service.

			
	
			
				 (i)
			

			
	
			
			General.  Except as otherwise provided in Sections 3(b)(ii) and 3(b)(iii) of this Agreement, if the Participant incurs a Termination of Service, any then outstanding and unvested RSUs shall be automatically and immediately forfeited for no consideration.

			
	
			
				 (ii)
			

			
	
			
			Death or Disability; Termination without Cause Prior to a Change in Control.  Notwithstanding Section 3(b)(i) of this Agreement, if the Participant incurs a Termination of Service prior to the final Vesting Date 
		

		 

		

			

		

		

			 

		

 

			that is due to the Participant’s death or Disability, or due to a termination by the Company without Cause that occurs prior to a Change in Control, any unvested RSUs that would have vested on the next Vesting Date following the date of such termination shall vest as of such termination, and all other unvested RSUs shall be forfeited as of such termination.

			
	
			
				 (iii)
			

			
	
			
			Termination without Cause or Resignation with Good Reason Following a Change in Control.  Notwithstanding Section 3(b)(i) of this Agreement, if the Participant incurs a Termination of Service following the occurrence of a Change in Control due to (A) a termination by the Company without Cause or (B) a termination by the Participant with Good Reason (as defined in Section 3(b)(iv) of this Agreement), all unvested outstanding RSUs shall immediately vest.

			
	
			
				 (iv)
			

			
	
			
			Definition of Good Reason.  For purposes of this Agreement, “Good Reason” shall mean: (A) if the Participant is party to an employment, consulting or services agreement with the Company that defines “good reason,” the definition of “good reason” set forth therein, and (B) if the Participant is not party to any such agreement, the occurrence of any of the following events: (1) a reduction in the Participant’s base salary or  incentive compensation opportunity, (2) a material diminution in the Participant’s title, position, or duties, or (3) a relocation of the Participant’s principal place of employment that increases the Participant’s one-way commute by at least 35 miles; provided,  however, that the Participant’s termination shall not be considered to be with Good Reason unless (x) the Participant provides the Company with written notice of the event giving rise to the claim of Good Reason within 30 days following the occurrence of such event, (y) such event is not corrected, in all material respects, by the Company within 30 days following receipt of such notice, and (z) the Participant incurs a Termination of Service not more than 30 days following the expiration of such correction period.

			
	
			
				 4.
			

			
	
			
			Nontransferability.  The RSUs acquired by the Participant pursuant to this Agreement shall not be sold, transferred, pledged, assigned, or otherwise encumbered or disposed of, except as provided herein and in the Plan.

			
	
			
				 5.
			

			
	
			
			Settlement.  Subject to Section 7 of this Agreement,  the Company shall issue one Share to the Participant for each RSU that becomes vested hereunder within 30 days following the applicable Vesting Date.

			
	
			
				 6.
			

			
	
			
			No Voting Rights; Dividend Equivalents.  Until such time as the RSUs have been settled pursuant to Section 5 of this Agreement and the underlying Shares have been delivered to the Participant, and the Participant has become the holder of such Shares, the Participant shall have no rights as a stockholder, including, without limitation, any right to dividends or other distributions or any right to vote.  Notwithstanding the foregoing,  if the Company declares an ordinary cash dividend the record date of which occurs while the RSUs are outstanding, the Participant shall be credited a cash dividend equivalent in an 
		

		 

		

			2

		

 

			amount equal to the dividend that would have been paid on the Shares underlying the RSUs had such Shares been outstanding on such record date.  Any such dividend equivalents shall be subject to the same vesting conditions applicable to the underlying RSU with respect to which they accrue, and shall, if the underlying RSU vests, be paid no later than 30 days following the applicable Vesting Date.

			
	
			
				 7.
			

			
	
			
			Certain Tax Matters.  The Participant expressly acknowledges that the settlement of the RSUs acquired hereunder, and the payment of dividend equivalents with respect to the RSUs, may give rise to “wages” subject to withholding and agrees that the minimum withholding required by law shall be satisfied by the Participant surrendering to the Company a portion of the Shares that are issued or transferred to the Participant upon the settlement of the RSUs or cash in respect of dividend equivalents that is paid upon settlement of the RSUs (and, at the Company’s election, the Company may withhold and remit to the tax authorities additional Shares or cash, as applicable, so long as the aggregate withholdings do not exceed the amount of tax that would be due based upon the highest statutory tax rate in the applicable jurisdiction).  Any Shares so surrendered by the Participant shall be credited against any such withholding obligation at the Fair Market Value of such Shares on the date of such surrender (and the amount equal to the Fair Market Value of such Shares shall be remitted to the appropriate tax authorities).

			
	
			
				 8.
			

			
	
			
			Governing Law; Captions.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without regard to the principles of conflicts of law thereof.  The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.

			
	
			
				 9.
			

			
	
			
			Plan.  The RSUs are granted pursuant to the Plan, which is incorporated herein by reference, and the RSUs shall, except as otherwise expressly provided herein, be governed by the terms of the Plan.  In the event of a conflict between the provisions of this Agreement and the terms of the Plan, the terms of the Plan shall control.  The Participant hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions thereof.  The Participant and the Company each acknowledge that this Agreement (together with the Plan) constitutes the entire agreement and supersedes all other agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.

			
	
			
				 10.
			

			
	
			
			No Employment Rights.  This Agreement shall not create any right of the Participant to continued employment or limit the right of the Company to terminate the Participant’s employment at any time and shall not create any right of the Participant to employment with the Company.

			
	
			
				 11.
			

			
	
			
			Amendment.  This Agreement may be amended only by mutual written agreement of the parties.

			
	
			
				 12.
			

			
	
			
			Assignment.  This Agreement is personal to the Participant and, without the prior written consent of the Company, shall not be assignable by the Participant other than by will or the laws of descent and distribution.  This Agreement shall inure to the benefit of and be 
		

		 

		

			3

		

 

			enforceable by the Participant’s legal representatives.  This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.

			
	
			
				 13.
			

			
	
			
			Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.

			
	
			
				 14.
			

			
	
			
			No Waiver.  The Participant’s or the Company’s failure to insist upon strict compliance with any provision of, or to assert any right under, this Agreement shall not be deemed to be a waiver of such provision or right or of any other provision of or right under this Agreement.

			
	
			
				 15.
			

			
	
			
			Section 409A of the Code.  It is intended that the RSUs granted pursuant to this Agreement and the provisions of this Agreement be exempt from or comply with Section 409A of the Code, and all provisions of this Agreement shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A of the Code.

			
	
			
				 16.
			

			
	
			
			Unfunded Plan.  This Award is unfunded and the Participant shall be considered an unsecured creditor of the Company with respect to the Company’s obligations, if any, to issue Shares pursuant to this Agreement (including, without limitation, as to any RSUs that vest).  Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between the Participant and the Company or any other person.

			
	
			
				 17.
			

			
	
			
			Counterparts.  This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  The parties hereto confirm that any facsimile copy of another party’s executed counterpart of this Agreement (or its signature page thereof) shall be deemed to be an executed original thereof.

		
			[Signature Page Follows]
		

		
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			4

		

 

		

			 

		

		IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the date first written above.
		

		
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			BANKRATE, INC.
		

		
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			By: _____________________________________
       Name:
		

		
			       Title:
		

		
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			PARTICIPANT
		

		
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			________________________________________
		

		
			[PARTICIPANT NAME]
		

		
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			[Signature Page to RSU Agreement]

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