Document:

Stock Restriction Agreement between registrant and Arthur van Hoff

 Exhibit 4.11 
  
 TIVO INC. 
  
 STOCK RESTRICTION AGREEMENT 
  
 THIS STOCK RESTRICTION AGREEMENT (the “Agreement”), is made and entered into as of this 12th day of January, 2004 by
and between Arthur van Hoff (“Stockholder”) and TiVo Inc., a Delaware Corporation (the “Company”) and shall be effective as of the Closing Date of the merger of Trojan Acquisition, Inc., a Delaware corporation
(“Merger Sub”) and wholly-owned subsidiary of the Company, with and into Strangeberry Inc., a Delaware corporation (“Strangeberry,” and such merger, the “Merger”), as such date is defined in that
certain Agreement and Plan of Merger by and among the Company, Merger Sub and Strangeberry dated as of January 12, 2004 (the “Merger Agreement”). 
  
 WITNESSETH: 
  
 WHEREAS, the Company, Merger Sub, and Strangeberry desire to enter into the Merger Agreement, which provides for the terms and conditions of the
Merger; 
  
 WHEREAS, as an inducement for the
Company and Merger Sub to enter into the Merger Agreement, certain Strangeberry employees agreed to enter into this Agreement; and 
  
 WHEREAS, the Company’s Board of Directors has determined that it is in the Company’s best interests to restrict certain stock issued to
Stockholder upon consummation of the Merger as set forth in the terms and conditions of this Agreement. 
  
 NOW, THEREFORE, in consideration of the various covenants and agreements herein contained, and intending to be legally bound hereby, the
parties hereto agree as follows: 
  
 1. Defined Terms.

  
 Any capitalized terms not defined herein shall
have the meaning set forth in the Merger Agreement. 
  
 (a) “Board” shall mean the Board of Directors of the Company. 
  
 (b) “Cause” shall mean (i) Stockholder’s refusal or willful and continued failure to substantially perform
Stockholder’s duties with the Company; (ii) Stockholder’s refusal or willful and continued failure to substantially follow and comply with the specific and lawful directives of the Board, as reasonably determined by the Board, (iii)
Stockholder’s willful commission of an act of fraud or dishonesty resulting in material economic or financial injury to the Company, or (iv) Stockholder’s conviction of, or plea of guilty or no contest to, the commission of a felony.

  
 (c) “Change in Control” shall mean
(i) a sale, lease or other disposition of all or substantially all of the assets of the Company, (ii) a sale by the stockholders of the Company of the voting stock of the Company to another Company and/or its subsidiaries that results in the 

 
ownership by such Company and/or its subsidiaries of eighty percent (80%) or more of the combined voting power of all classes of the voting stock of the
Company entitled to vote; (iii) a merger or consolidation in which the Company is not the surviving Company or (iv) a reverse merger in which the Company is the surviving Company but the shares of Common Stock outstanding immediately preceding the
merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise. 
  
 (d) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (e) “Common Stock” shall mean the common stock of
the Company. 
  
 (f) “Good Reason” shall
mean (i) a material reduction in the nature or scope of Stockholder’s responsibilities, or the assignment to him of duties that are materially inconsistent with his position (in each case as compared to Stockholder’s responsibilities,
duties or position immediately after the Merger); (ii) the Company’s material reduction of Stockholder’s annual base salary or bonus opportunity, each as in effect immediately after the Merger (other than a reduction in salary or bonus
opportunity which is part of, and generally consistent with, a general reduction of similarly situated employees’ salaries and/or bonus opportunities); (iii) the relocation of the Company’s offices at which Stockholder is principally
employed immediately following the Merger such that Stockholder’s one-way daily commute from Stockholder’s principal residence to the Company’s offices at which Stockholder is principally employed is increased by more than fifty (50)
miles; or (iv) a Change in Control of the Company. 
  
 (g) “Restricted Stock” shall mean shares of Common Stock issued to Stockholder upon the consummation of the Merger and made subject to restrictions under this Agreement. 
  
 2. Acquisition of Stock/83(b) Election. 
  
 (a) Upon consummation of the Merger, all of the shares of
Strangeberry common stock held by Stockholder (or common stock issued upon conversion of Stockholder’s preferred stock) shall be exchanged for Common Stock as set forth in Section 2.6 of the Merger Agreement and shall become subject to this
Agreement and the restrictions set forth herein (the “Restrictions”). To the extent that this Agreement conflicts with the terms of the Founder Stock Purchase Agreement, dated April 30, 2002, between Strangeberry and the
Stockholder, the terms of this Agreement will govern. 
  
 (b) Within 30 days after the Closing Date, Stockholder shall make an effective election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code (an “Election”) and the regulations promulgated
thereunder to include in gross income for the taxable year in which the Closing Date occurs the excess, if any, of the fair market value of the Common Stock over the amount paid (within the meaning of Section 83(b)(1)(B) of the Internal Revenue Code
and the regulations promulgated thereunder) for such Common Stock. The Stockholder represents that Stockholder has consulted any tax consultant(s) that Stockholder deems advisable in connection with the acquisition of the Common Stock or the filing
of an Election. THE STOCKHOLDER ACKNOWLEDGES THAT IT IS THE 

 
STOCKHOLDER’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION, EVEN IF THE STOCKHOLDER REQUESTS THE COMPANY OR ITS
REPRESENTATIVES TO MAKE THIS FILING ON THE STOCKHOLDER’S BEHALF. 
  
 3. Legend. 
  
 (a) To insure the availability for delivery of Stockholder’s Restricted Stock, Stockholder hereby appoints the secretary, or any other person designated by the Company as escrow agent, as its attorney-in-fact to sell, assign and
transfer unto the Company such Restricted Stock and shall, upon effectiveness of this Agreement, deliver and deposit with the secretary of the Company, or such other person designated by the Company, any share certificates representing the
Restricted Stock, together with the stock assignment duly endorsed in blank, attached hereto as Exhibit A, or if such person designated is the Company’s transfer agent, such shares shall be held electronically by the transfer agent in an
account for such shares for the Stockholder to be released upon request by the Company. The Restricted Stock and stock assignment shall be held by the secretary in escrow, pursuant to the Escrow Instructions attached as Exhibit B hereto,
until the Restricted Stock is forfeited or until the Restrictions lapse, or until such time as this Agreement no longer is in effect. Upon the lapse of the Restrictions on the Restricted Stock, the escrow agent shall upon request deliver or direct
the Company’s transfer agent to deliver to Stockholder the certificate or certificates representing such Restricted Stock in the escrow agent’s or transfer agent’s possession belonging to Stockholder, and the escrow agent shall be
discharged of all further obligations hereunder; provided, however, that the escrow agent or, upon direction from the escrow agent, the Company’s transfer agent, shall nevertheless retain such certificate or certificates as escrow agent (or
transfer agent) if so required pursuant to other restrictions imposed pursuant to this Agreement. 
  
 (b) In the event that share certificates representing the Restricted Stock are generated prior to the applicable vesting and release date,
such certificate will bear a legend in substantially the form set forth below. 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS AND MAY BE SUBJECT TO FORFEITURE UNDER THE TERMS OF THAT CERTAIN RESTRICTED STOCK AGREEMENT BY AND BETWEEN TIVO INC. (THE
“COMPANY”) AND THE HOLDER OF THE SECURITIES. PRIOR TO LAPSE OF RESTRICTIONS AND VESTING OF OWNERSHIP IN THE SECURITIES, THEY MAY NOT BE DIRECTLY OR INDIRECTLY, OFFERED, TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE
DISPOSED OF UNDER ANY CIRCUMSTANCES. COPIES OF THE ABOVE REFERENCED AGREEMENT ARE ON FILE AT THE OFFICES OF THE COMPANY AT 2160 GOLD STREET, ALVISO, CA 95002. 

 4. Restrictions. 
  
 The Stockholder shall have all rights and privileges of a stockholder of the Company with respect to the
Restricted Stock, including voting rights and the right to receive dividends paid with respect to such shares, except that the following Restrictions shall apply: 
  
 (a) Notwithstanding anything herein to the contrary, if Stockholder terminates service with the Company or a
Subsidiary as an employee or consultant for any reason other than his termination by the Company or such Subsidiary without Cause or his voluntary termination for Good Reason, all Restricted Stock as to which the Restrictions have not lapsed
according to Section 5 hereof as of the date of such termination shall immediately be forfeited and shall be transferred to the Company for no additional consideration. 
  
 (b) No Restricted Stock subject to restriction or any interest or right therein or part thereof shall be
liable for the debts, contracts or engagements of Stockholder or his/her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means, whether such
disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), any attempted disposition thereof shall be null and void and of no effect;
provided, however, that this Section 4(b) shall not prevent transfers by will or by the applicable laws of descent and distribution. 
  
 5. Lapse of Restrictions. 
  
 The restrictions set forth in Section 4 on shares of Restricted Stock shall lapse upon satisfaction of the following, provided that
Stockholder provides continuous service to the Company or a Subsidiary through each of the following dates: 
  
 (a) The Restrictions will lapse with respect to 25% of the shares of Restricted Stock on the six-month anniversary of the Closing Date;

  
 (b) The Restrictions will lapse with respect
to 25% of the shares of Restricted Stock on the first anniversary of the Closing Date; and 
  
 (c) The Restrictions will lapse with respect to the remaining 50% of the shares of Restricted Stock in substantially equal installments on
the last day of each month during the twelve-month period commencing with the first anniversary of the Closing Date, such that the Restriction will lapse with respect to 100% of the shares of Restricted Stock on the second anniversary of the Closing
Date. 
  
 Notwithstanding anything to the contrary
herein, the Restrictions will lapse on 100% of the shares of Restricted Stock on the date of any termination of Stockholder’s employment by the Company or a Subsidiary without Cause or by Stockholder for Good Reason. 
  
 6. Adjustments upon Changes in Capitalization, Merger or Asset Sale.

  
 (a) Adjustments to Shares. In the event
that the Board determines that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or 

 other property), recapitalization, reclassification, stock split, reverse stock split, reorganization,
merger, consolidation, split-up, spin-off, combination, repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Common Stock or other securities
of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event, in the Board’s sole discretion, affects the Common Stock such that an adjustment
is determined by the Board to be appropriate, the Board is authorized, either by the terms of the Agreement or by action taken prior to the occurrence of such transaction or event and either automatically or upon Stockholder’s request to take
any one or more of the following actions whenever the Board determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement: 

 
 (i) Adjust the number and kind of shares (or other
securities or property) subject to this Agreement; 
  
 (ii) Provide that such Restricted Stock be assumed by the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar rights or awards covering the stock of the successor or survivor
corporation, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of shares and prices; or 
  
 (iii) Provide that immediately upon the consummation of such event the Restrictions imposed under this Agreement, some or all shares of
such Restricted Stock may cease to be subject to forfeiture, notwithstanding anything to the contrary in the Agreement. 
  
 (b) The existence of this Agreement shall not affect or restrict in any way the right or power of the Company or the stockholders of the
Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights
to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
  
 7. No Right to Continued Employment. 
  
 Nothing in this Agreement shall confer upon Stockholder any right to continue in the employment or other
service of the Company, any parent or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any parent or any Subsidiary, which are hereby expressly reserved, to discharge Stockholder at any time for any reasons
whatsoever, with or without Cause. 

 8. Miscellaneous. 
  
 (a) This Agreement may be executed in one or more counterparts, all of which taken together will constitute
one and the same instrument. 
  
 (b) The terms of
this Agreement may only be amended, modified or waived by a written agreement executed by both of the parties hereto. 
  
 (c) The validity, performance, construction and effect of this Agreement shall be governed by and construed in accordance with the laws of
the State of California. 
  
 (d) This Agreement
constitutes the entire agreement between the parties hereto with respect to the Restricted Stock granted herein. 
  
 (e) Except as otherwise herein provided, this Agreement shall be binding upon and shall inure to the benefit of the Company, its
successors and assigns, and of Stockholder and Stockholder’s personal representatives. 
  
 (f) Notices required hereunder shall be given in person or by registered mail to the address of Stockholder shown on the records of the
Company, and to the Company at its principal executive office. 
  
 (g) The Stockholder has reviewed with Stockholder’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. The Stockholder
is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Stockholder understands that he (and not the Company) shall be responsible for its own tax liability that may arise as a result
of this investment or the transactions contemplated by this Agreement. 
  
 (h) Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
  
 (i) This Agreement shall automatically terminate in the event
the Merger Agreement terminates prior to the consummation of the Merger. 
  
 [Signature page follows.] 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above
written. 
  

			
	 TIVO INC.

		
	 By:
	 	 /s/    Michael Ramsay

	 Name:
	 	Michael Ramsay
	 Title:
	 	Chief Executive Officer
	
	 STOCKHOLDER

	
	 /s/    Arthur van Hoff

	 Name: Arthur van HoffEXECUTIVE RETENTION AGREEMENT

 EXHIBIT 10.27 
  
 Network Engines, Inc. 
  
 Executive Retention Agreement 
  
 THIS EXECUTIVE RETENTION AGREEMENT by and between Network Engines, Inc., a Delaware corporation (the “Company”), and Don Oldham (the
“Executive”) is made as of October 7, 2002. (the “Effective Date”). 
  
 WHEREAS, the Company recognizes that, as is the case with many publicly-held corporations, various business uncertainties may arise from time to time and that such possibility, and the concerns and questions which it
may raise among key personnel, may result in the departure or distraction of key personnel to the detriment of the Company and its stockholders, and 
  
 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that appropriate steps should be taken to reinforce and encourage
the continued employment and dedication of the Company’s key personnel without distraction from such uncertainties, including the possibility of a change in control of the Company and related events and circumstances. 
  
 NOW, THEREFORE, as an inducement for and in consideration of the Executive
remaining in its employ, the Company agrees that the Executive shall receive the severance benefits set forth in this Agreement in the event the Executive’s employment with the Company is terminated under the circumstances described below,
whether before or after a Change in Control (as defined in Section 1.1). 
  
 1. Key Definitions. 
  
 As used
herein, the following terms shall have the following respective meanings: 
  
 1.1 “Change in Control” means an event or occurrence set forth in any one or more of subsections (a) through (d) below (including an event or occurrence that constitutes a Change in Control under one
of such subsections but is specifically exempted from another such subsection): 
  
 (a) the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) of
beneficial ownership of any capital stock of the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 30% or more of either (x) the then-outstanding shares of common
stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined voting power of the then-outstanding securities of the Company entitled to vote 

 generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however,
that for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company (excluding an acquisition pursuant to the exercise, conversion or exchange of any security
exercisable for, convertible into or exchangeable for common stock or voting securities of the Company, unless the Person exercising, converting or exchanging such security acquired such security directly from the Company or an underwriter or agent
of the Company), (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company, or (iv) any acquisition by any
corporation pursuant to a transaction which complies with clauses (i) and (ii) of subsection (c) of this Section 1.1; or 
  
 (b) such time as the Continuing Directors (as defined below) do not constitute a majority of the Board (or, if applicable, the Board of Directors of a
successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (i) who was a member of the Board on the date of the execution of this Agreement or (ii) who was nominated or elected
subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were
Continuing Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (ii) any individual whose initial assumption of office occurred as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or 
  
 (c) the consummation of a merger, consolidation, reorganization,
recapitalization or statutory share exchange involving the Company or a sale or other disposition of all or substantially all of the assets of the Company in one or a series of transactions (a “Business Combination”), unless, immediately
following such Business Combination, each of the following two conditions is satisfied: (i) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding securities entitled to vote
generally in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or
substantially all of the Company’s assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as
their ownership, immediately prior to such Business Combination, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively; and (ii) no Person (excluding the Acquiring Corporation or any employee benefit plan
(or related trust) maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns, directly or indirectly, 30% or more of the then outstanding shares of common stock of the Acquiring Corporation, or of the combined voting
power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to the Business Combination); or 
  

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 (d) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

  
 1.2 “Change in Control Date” means the first
date during the Term (as defined in Section 2) on which a Change in Control occurs. Anything in this Agreement to the contrary notwithstanding, if (a) a Change in Control occurs, (b) the Executive’s employment with the Company is terminated
prior to the date on which the Change in Control occurs, and (c) it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change
in Control or (ii) otherwise arose in connection with or in anticipation of a Change in Control, then for purposes of this Agreement the “Change in Control Date” shall mean the date immediately prior to the date of such termination of
employment. 
  
 1.3 “Cause” means: 
  
 (a) the Executive’s failure to substantially perform his assigned
duties (other than any such failure resulting from incapacity due to physical or mental illness or any failure after the Executive gives notice of termination for Good Reason), which failure is not cured within 20 days after a written demand for
substantial performance is received by the Executive from the Board of Directors of the Company which specifically identifies the manner in which the Board of Directors believes the Executive has not substantially performed the Executive’s
duties; or 
  
 (b) the Executive’s engagement in illegal
conduct or gross misconduct which is materially and demonstrably injurious to the Company. 
  
 1.4 “Good Reason” means the occurrence, without the Executive’s written consent, of any of the events or circumstances set forth in clauses (a) through (e) below. Notwithstanding the occurrence
of any such event or circumstance, such occurrence shall not be deemed to constitute Good Reason if, prior to the Date of Termination specified in the Notice of Termination (each as defined in Section 3.2(a)) given by the Executive in respect
thereof, such event or circumstance has been fully corrected and the Executive has been reasonably compensated for any losses or damages resulting therefrom (provided that such right of correction by the Company shall only apply to the first Notice
of Termination for Good Reason given by the Executive). 
  
 (a)
the assignment to the Executive of duties inconsistent in any material respect with the Executive’s position (including status, offices, titles and reporting requirements), authority or responsibilities in effect on the Effective Date, or any
other action or omission by the Company which results in a material diminution in such position, authority or responsibilities; 
  
 (b) a reduction in the Executive’s annual base salary as in effect on the Effective Date or as the same was or may be increased thereafter from time
to time; 
  
 (c) a change by the Company in the location at which
the Executive performs his principal duties for the Company to a new location that is both (i) outside a radius of 50 miles from the Executive’s principal residence immediately prior to the Effective Date and 
  

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 (ii) more than 35 miles from the location at which the Executive performed his principal duties for the Company
immediately prior to the Effective Date; 
  
 (d) the failure of
the Company to obtain the agreement from any successor to the Company to assume and agree to perform this Agreement, as required by Section 6.1; or 
  
 (e) a purported termination of the Executive’s employment which is not effected pursuant to a Notice of Termination satisfying the requirements of
Section 3.2(a). 
  
 The Executive’s right to terminate his
employment for Good Reason shall not be affected by his incapacity due to physical or mental illness. 
  
 1.5 “Disability” means the Executive’s absence from the full-time performance of the Executive’s duties with the Company for
180 consecutive calendar days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive’s
legal representative. 
  
 2. Term of Agreement. This
Agreement, and all rights and obligations of the parties hereunder, shall take effect upon the Effective Date and shall expire on the date two years after the Effective Date. “Term” shall mean the period commencing as of the Effective Date
and continuing in effect through the date that is two years after the Effective Date. 
  
 3. Employment Status; Termination Following Change in Control. 
  
 3.1 Not an Employment Contract. The Executive acknowledges that this Agreement does not constitute a contract of employment or impose on the
Company any obligation to retain the Executive as an employee and that this Agreement does not prevent the Executive from terminating employment at any time. 
  
 3.2 Termination of Employment. 
  
 (a) Any termination of the Executive’s employment by the Company or by the Executive shall be communicated by a written notice to the other party
hereto (the “Notice of Termination”), given in accordance with Section 7. Any Notice of Termination shall: (i) indicate the specific termination provision (if any) of this Agreement relied upon by the party giving such notice, (ii) to the
extent applicable, set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) specify the Date of Termination (as defined
below). The effective date of an employment termination (the “Date of Termination”) shall be the close of business on the date specified in the Notice of Termination (which date may not be less than 10 days or more than 120 days after the
date of delivery of such Notice of Termination), in the case of a termination other than one due to the Executive’s death, or the date of the Executive’s death, as the case may be. In the event the Company fails to satisfy the requirements
of Section 3.2(a) regarding a Notice of Termination, the purported termination of the Executive’s employment pursuant to such Notice of Termination shall not be effective for purposes of this Agreement. 
  

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 (b) The failure by the Executive or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting any such fact or
circumstance in enforcing the Executive’s or the Company’s rights hereunder. 
  
 (c) Any Notice of Termination for Cause given by the Company must be given within 90 days of the occurrence of the event(s) or circumstance(s) which constitute(s) Cause. 
  
 4. Benefits to Executive. 
  
 4.1 Stock Acceleration. If (a) a Change in Control Date or an
Acquisition Event occurs after the one year anniversary of employment with Network Engines during the Term on or before the Date of Termination and (b) the Executive’s employment with the Company is terminated by the Company (other than
for Cause, Disability or Death) or by the Executive for Good Reason during the Term, then, effective upon the Date of Termination, (x) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become
immediately exercisable in full, and (y) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to any right of repurchase by the Company. If (a) neither a Change of Control Date nor an Acquisition
Event occurs on or before the Date of Termination and (b) the Executive’s employment with the Company is terminated by the Company (other than for Cause, Disability or Death) or by the Executive for Good Reason during the Term, then (x) the
vesting of (i) each outstanding option to purchase shares of the Company held by the Executive and (ii) each outstanding restricted stock award shall be determined as though the Executive remained employed by the Company until six months after the
Date of Termination, and (y) each outstanding option to purchase shares of the Company held by the Executive shall remain exercisable (to the extent vested) for a period of six months after the Date of Termination. For purposes of this Section 4.1,
an Acquisition Event is the acquisition by the Company of all of the outstanding equity interests of a company or all or substantially all of the assets or business of a company. 
  
 4.2 Compensation. If the Executive’s employment with the Company terminates during the Term, the Executive shall
be entitled to the following benefits: 
  
 (a) Termination
Without Cause or for Good Reason. If the Executive’s employment with the Company is terminated by the Company (other than for Cause, Disability or Death) or by the Executive for Good Reason during the Term, then the Executive shall be
entitled to the following benefits: 
  
 (i) the Company shall
pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the aggregate of the following amounts: 
  
 (1) the sum of (A) the Executive’s base salary through the Date of Termination, and (B) the amount of any compensation previously deferred by the
Executive (together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not previously paid (the sum of the amounts described in clauses (A) and (B) shall be hereinafter referred to as the
“Accrued Obligations”); and 
  

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 (2) the amount equal to (A) one-half (1/2) multiplied by (B) the Executive’s highest annual base
salary during the three year period prior to the Effective Date. 
  
 (ii) for six months after the Date of Termination, or such longer period as may be provided by the terms of the appropriate plan, program, practice or policy, the Company shall continue to provide benefits to the Executive and the
Executive’s family at least equal to those which would have been provided to them if the Executive’s employment had not been terminated, in accordance with the applicable Benefit Plans in effect on the Effective Date or, if more favorable
to the Executive and his family, in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies; provided, however, that if the Executive becomes reemployed with another employer
and is eligible to receive a particular type of benefits (e.g., health insurance benefits) from such employer on terms at least as favorable to the Executive and his family as those being provided by the Company, then the Company shall no longer be
required to provide those particular benefits to the Executive and his family; 
  
 (iii) to the extent not previously paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive
following the Executive’s termination of employment under any plan, program, policy, practice, contract or agreement of the Company and its affiliated companies (such other amounts and benefits shall be hereinafter referred to as the
“Other Benefits”); 
  
 (iv) for purposes of determining
eligibility (but not the time of commencement of benefits) of the Executive for retiree benefits to which the Executive is entitled, the Executive shall be considered to have remained employed by the Company until six months after the Date of
Termination; and 
  
 (v) if a Change in Control Date occurs
during the Term and on or before the Date of Termination, the Company shall make an additional lump sum payment to the Executive equal to the sum of (A) the product of (x) the annual bonus paid or payable (including any bonus or portion thereof
which has been earned but deferred) for the most recently completed fiscal year and (y) a fraction, the numerator of which is the number of days in the current fiscal year through the Date of Termination, and the denominator of which is 365 and (B)
one-half multiplied by the Executive’s highest annual bonus during the three-year period prior to the Effective Date. 
  
 (b) Resignation Without Good Reason; Termination for Death or Disability. If the Executive voluntarily terminates his employment during the Term,
excluding a termination for Good Reason, or if the Executive’s employment with the Company is terminated by reason of the Executive’s death or disability during the Term, then the Company shall (i) pay the Executive (or his estate, if
applicable), in a lump sum in cash within 30 days after the Date of Termination, the Accrued Obligations and (ii) timely pay or provide to the Executive the Other Benefits. 
  

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 (c) Termination for Cause. If the Company terminates the Executive’s employment with the
Company for Cause during the Term, then the Company shall (i) pay the Executive, in a lump sum in cash within 30 days after the Date of Termination, the sum of (A) the Executive’s base salary through the Date of Termination and (B) the amount
of any compensation previously deferred by the Executive, in each case to the extent not previously paid, and (ii) timely pay or provide to the Executive the Other Benefits. 
  
 (d) Severance Agreement. As a condition of receipt of any payments under Section 4.2(a)(i), the Executive shall be
required to sign a severance agreement and release prepared by and provided by the Company (the “Severance Agreement”) and to abide by the provisions of the Severance Agreement. Among other things, the Severance Agreement shall contain a
release and waiver of any claims the employee or his or her representative may have against the Company, its affiliates and/or representatives, and shall release those entities and persons from any liability for such claims including, but not
limited to, all employment discrimination claims. 
  
 4.3
Taxes. 
  
 (a) Notwithstanding any other provision of
this Agreement, except as set forth in Section 4.3(b), in the event that the Company undergoes a “Change in Ownership or Control” (as defined below), the Company shall not be obligated to provide to the Executive a portion of any
“Contingent Compensation Payments” (as defined below) that the Executive would otherwise be entitled to receive to the extent necessary to eliminate any “excess parachute payments” (as defined in Section 280G(b)(1) of the
Internal Revenue Code of 1986, as amended (the “Code”)) for the Executive. For purposes of this Section 4.3, the Contingent Compensation Payments so eliminated shall be referred to as the “Eliminated Payments” and the aggregate
amount (determined in accordance with Proposed Treasury Regulation Section 1.280G-1, Q/A-30 or any successor provision) of the Contingent Compensation Payments so eliminated shall be referred to as the “Eliminated Amount.” 
  
 (b) Notwithstanding the provisions of Section 4.3(a), no such reduction in
Contingent Compensation Payments shall be made if (i) the Eliminated Amount (computed without regard to this sentence) exceeds (ii) the aggregate present value (determined in accordance with Proposed Treasury Regulation Section 1.280G-1, Q/A-31 and
Q/A-32 or any successor provisions) of the amount of any additional taxes that would be incurred by the Executive if the Eliminated Payments (determined without regard to this sentence) were paid to him (including, state and federal income taxes on
the Eliminated Payments, the excise tax imposed by Section 4999 of the Code payable with respect to all of the Contingent Compensation Payments in excess of the Executive’s “base amount” (as defined in Section 280G(b)(3) of the Code),
and any employment taxes). The override of such reduction in Contingent Compensation Payments pursuant to this Section 4.3(b) shall be referred to as a “Section 4.3(b) Override.” For purpose of this paragraph, if any federal or state
income taxes would be attributable to the receipt of any Eliminated Payment, the amount of such taxes shall be computed by multiplying the amount of the Eliminated Payment by the maximum combined federal and state income tax rate provided by law.

  

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 (c) For purposes of this Section 4.3 the following terms shall have the following respective meanings:

  
 (i) “Change in Ownership or Control” shall mean a
change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code. 
  
 (ii) “Contingent Compensation Payment” shall mean any payment (or
benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section
280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company. 
  
 (d) Any payments or other benefits otherwise due to the Executive following a Change in Ownership or Control that could reasonably be characterized (as determined by the Company) as Contingent Compensation Payments
(the “Potential Payments”) shall not be made until the dates provided for in this Section 4.3(d). Within 30 days after each date on which the Executive first becomes entitled to receive (whether or not then due) a Contingent Compensation
Payment relating to such Change in Ownership or Control, the Company shall determine and notify the Executive (with reasonable detail regarding the basis for its determinations) (i) which Potential Payments constitute Contingent Compensation
Payments, (ii) the Eliminated Amount and (iii) whether the Section 4.3(b) Override is applicable. Within 30 days after delivery of such notice to the Executive, the Executive shall deliver a response to the Company (the “Executive
Response”) stating either (A) that he agrees with the Company’s determination pursuant to the preceding sentence, in which case he shall indicate, if applicable, which Contingent Compensation Payments, or portions thereof (the aggregate
amount of which, determined in accordance with Proposed Treasury Regulation Section 1.280G-1, Q/A-30 or any successor provision, shall be equal to the Eliminated Amount), shall be treated as Eliminated Payments or (B) that he disagrees with such
determination, in which case he shall set forth (i) which Potential Payments should be characterized as Contingent Compensation Payments, (ii) the Eliminated Amount, (iii) whether the Section 4.3(b) Override is applicable, and (iv) which (if any)
Contingent Compensation Payments, or portions thereof (the aggregate amount of which, determined in accordance with Proposed Treasury Regulation Section 1.280G-1, Q/A-30 or any successor provision, shall be equal to the Eliminated Amount, if any),
shall be treated as Eliminated Payments. In the event that the Executive fails to deliver an Executive Response on or before the required date, the Company’s initial determination shall be final and the Contingent Compensation Payments that
shall be treated as Eliminated Payments shall be determined by the Company in its absolute discretion. If the Executive states in the Executive Response that he agrees with the Company’s determination, the Company shall make the Potential
Payments to the Executive within three business days following delivery to the Company of the Executive Response (except for any Potential Payments which are not due to be made until after such date, which Potential Payments shall be made on the
date on which they are due). If the Executive states in the Executive Response that he disagrees with the Company’s determination, then, for a period of 60 days following delivery of the Executive Response, the Executive and the Company shall
use good faith efforts to resolve such dispute. If such dispute is not resolved within such 60-day period, such dispute shall be settled exclusively by arbitration in Boston, Massachusetts, in accordance with the rules of the American Arbitration
Association then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. The Company shall, 
  

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 within three business days following delivery to the Company of the Executive Response, make to the Executive those
Potential Payments as to which there is no dispute between the Company and the Executive regarding whether they should be made (except for any such Potential Payments which are not due to be made until after such date, which Potential Payments shall
be made on the date on which they are due). The balance of the Potential Payments shall be made within three business days following the resolution of such dispute. Subject to the limitations contained in Sections 4.3(a) and (b) hereof, the amount
of any payments to be made to the Executive following the resolution of such dispute shall be increased by amount of the accrued interest thereon computed at the prime rate announced from time to time by the Wall Street Journal, compounded
monthly from the date that such payments originally were due. 
  
 (e) The provisions of this Section 4.3 are intended to apply to any and all payments or benefits available to the Executive under this Agreement or any other agreement or plan of the Company under which the Executive receives Contingent
Compensation Payments. 
  
 5. Disputes. 
  
 5.1 Settlement of Disputes; Arbitration. All claims by the Executive
for benefits under this Agreement shall be directed to and determined by the Board of Directors of the Company and shall be in writing. Any denial by the Board of Directors of a claim for benefits under this Agreement shall be delivered to the
Executive in writing and shall set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Board of Directors shall afford a reasonable opportunity to the Executive for a review of the decision
denying a claim. Any further dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in Boston, Massachusetts, in accordance with the rules of the American Arbitration Association then in
effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. 
  
 5.2 Expenses. The Company agrees to pay as incurred, to the full extent permitted by law, all legal, accounting and other fees and expenses which
the Executive may reasonably incur as a result of any claim or contest by the Company, the Executive or others regarding the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof
(including as a result of any contest by the Executive regarding the amount of any payment or benefits pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section
7872(f)(2)(A) of the Code, but only if the Executive prevails in such claim or contest. 
  
 6. Successors. 
  
 6.1
Successor to Company. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to
perform this Agreement to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain an assumption of this Agreement at or prior to the effectiveness of any succession
shall be a breach of this Agreement and shall constitute Good Reason if the Executive elects to terminate employment, except that 
  

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 for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the
Date of Termination. As used in this Agreement, “Company” shall mean the Company as defined above and any successor to its business or assets as aforesaid which assumes and agrees to perform this Agreement, by operation of law or
otherwise. 
  
 6.2 Successor to Executive. This Agreement
shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amount would still
be payable to the Executive or his family hereunder if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives
or administrators of the Executive’s estate. 
  
 7.
Notice. All notices, instructions and other communications given hereunder or in connection herewith shall be in writing. Any such notice, instruction or communication shall be sent either (i) by registered or certified mail, return receipt
requested, postage prepaid, or (ii) prepaid via a reputable nationwide overnight courier service, in each case addressed to the Company, at 25 Dan Road, Canton, Massachusetts, and to the Executive at the Executive’s address indicated on the
signature page of this Agreement (or to such other address as either the Company or the Executive may have furnished to the other in writing in accordance herewith). Any such notice, instruction or communication shall be deemed to have been
delivered three business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent via a reputable nationwide overnight courier service. Either party may give any notice,
instruction or other communication hereunder using any other means, but no such notice, instruction or other communication shall be deemed to have been duly delivered unless and until it actually is received by the party for whom it is intended.

  
 8. Miscellaneous. 
  
 8.1 Employment by Subsidiary. For purposes of this Agreement, the
Executive’s employment with the Company shall not be deemed to have terminated solely as a result of the Executive continuing to be employed by a wholly-owned subsidiary of the Company. 
  
 8.2 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, which shall remain in full force and effect. 
  
 8.3 Injunctive Relief. The Company and the Executive agree that any breach of this Agreement by the Company is likely to cause the Executive
substantial and irrevocable damage and, therefore, in the event of any such breach, in addition to such other remedies which may be available, the Executive shall have the right to such specific performance and injunctive relief. 
  
 8.4 Governing Law. The validity, interpretation, construction and
performance of this Agreement shall be governed by the internal laws of the Commonwealth of Massachusetts, without regard to conflicts of law principles. 
  

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 8.5 Waivers. No waiver by the Executive at any time of any breach of, or compliance with, any
provision of this Agreement to be performed by the Company shall be deemed a waiver of that or any other provision at any subsequent time. 
  
 8.6 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original but both of which together shall
constitute one and the same instrument. 
  
 8.7 Tax
Withholding. Any payments provided for hereunder shall be paid net of any applicable tax withholding required under federal, state or local law. 
  
 8.8 Entire Agreement. This Agreement sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and
supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral or written, by any officer, employee or representative of any party hereto in respect of the subject matter contained
herein; and any prior agreement of the parties hereto in respect of the subject matter contained herein is hereby terminated and cancelled.  
  
 8.9 Amendments. This Agreement may be amended or modified only by a written instrument executed by both the Company and the Executive. 

 
 8.10 Executive’s Acknowledgements. The Executive acknowledges
that he: (a) has read this Agreement; (b) has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of the Executive’s own choice or has voluntarily declined to seek such counsel; (c) understands the
terms and consequences of this Agreement; and (d) understands that the law firm of Hale and Dorr LLP is acting as counsel to the Company in connection with the transactions contemplated by this Agreement, and is not acting as counsel for the
Executive. 
  
 IN WITNESS WHEREOF, the parties hereto have
executed this Agreement as of the day and year first set forth above. 
  

			
	NETWORK ENGINES, INC.
		
	 By:
	 	 /s/ John H. Curtis

	Title: President and CEO
	
	 /s/ J. Donald Oldham

	J. Donald Oldham
	
	 Address:
  

  

  

  

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