Document:

2012 Stockholders' Agreement

 Exhibit 10.4 
 EXECUTION VERSION 
 TRANSUNION HOLDING COMPANY, INC. 

STOCKHOLDERS’ AGREEMENT 
 Dated as of April 30, 2012 

 TABLE OF CONTENTS 

 

											
	 	 	 	  	 	  	 	  	Page	 
	 ARTICLE I
	  	DEFINITIONS	  	 	2	  
		 	Section 1.1.	  		  	Definitions	  	 	2	  
		 	Section 1.2.	  		  	General Interpretive Principles	  	 	9	  
	 ARICLE II
	  	REPRESENTATIONS AND WARRANTIES	  	 	10	  
		 	Section 2.1.	  		  	Representations and Warranties of the Stockholders	  	 	10	  
		 	Section 2.2.	  		  	Entitlement of the Parent; Sponsor Investors and the Stockholders to Rely on Representations and Warranties	  	 	11	  
		 	Section 2.3.	  		  	Representations and Warranties of the Parent	  	 	11	  
	 ARTICLE III
	  	TRANSFER RESTRICTIONS	  	 	11	  
		 	 Section 3.1.
	  		  	General Restrictions on Transfers	  	 	11	  
		 	 Section 3.2.
	  		  	Permitted Transferees	  	 	14	  
		 	Section 3.3.	  		  	Drag-Along Rights	  	 	14	  
		 	 Section 3.4.
	  		  	Tag-Along Rights	  	 	17	  
	 ARTICLE IV
	  	TERMINATION OF EMPLOYMENT OF KEY INDIVIDUALS	  	 	18	  
		 	 Section 4.1.
	  		  	General	  	 	18	  
		 	 Section 4.2.
	  		  	Call Option	  	 	18	  
	 ARTICLE V
	  	ADDITIONAL AGREEMENTS OF THE PARTIES	  	 	19	  
		 	 Section 5.1.
	  		  	Further Assurances	  	 	19	  
		 	 Section 5.2.
	  		  	Restrictive Covenants	  	 	19	  
		 	 Section 5.3.
	  		  	Legend on Share Certificates	  	 	20	  
		 	 Section 5.4.
	  		  	Restriction on Employee Equity Program	  	 	21	  
		 	 Section 5.5.
	  		  	Voting Agreement	  	 	21	  
		 	 Section 5.6.
	  		  	No Fiduciary Duty; Investment Banking Services	  	 	21	  
		 	 Section 5.7.
	  		  	Confidentiality	  	 	21	  
	 ARTICLE VI
	  	ADDITIONAL PARTIES	  	 	22	  
		 	 Section 6.1.
	  		  	Additional Parties	  	 	22	  
	 ARTICLE VII
	  	MISCELLANEOUS	  	 	22	  
		 	 Section 7.1.
	  		  	Freedom to Pursue Opportunities	  	 	22	  
		 	 Section 7.2.
	  		  	Entire Agreement	  	 	23	  
		 	Section 7.3.	  		  	Governing Law; Submission to Jurisdiction; Waiver of Jury Trial	  	 	23	  
		 	 Section 7.4.
	  		  	Obligations; Remedies	  	 	26	  
		 	 Section 7.5.
	  		  	Consent of the Sponsor Investors and Key Individuals	  	 	26	  
		 	 Section 7.6.
	  		  	Amendment and Waiver	  	 	26	  

  
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 TABLE OF CONTENTS 

(continued) 
  

											
	 	 	 	  	 	  	 	  	Page	 
		 	 Section 7.7.
	  		  	Binding Effect	  	 	27	  
		 	 Section 7.8.
	  		  	Termination	  	 	27	  
		 	Section 7.9.	  		  	Non-Recourse	  	 	27	  
		 	 Section 7.10.
	  		  	Notices	  	 	28	  
		 	 Section 7.11.
	  		  	Severability	  	 	29	  
		 	 Section 7.12.
	  		  	Headings	  	 	29	  
		 	 Section 7.13.
	  		  	No Third Party Beneficiaries	  	 	29	  
		 	 Section 7.14.
	  		  	Recapitalizations; Exchanges, Etc.	  	 	29	  
		 	 Section 7.15.
	  		  	Counterparts	  	 	29	  

 Exhibit A – Form of Joinder Agreement 

Exhibit B – Form of Registration Rights Agreement 

  
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 STOCKHOLDERS’ AGREEMENT 

This STOCKHOLDERS’ AGREEMENT (as the same may be amended from time to time in accordance with its terms, this
“Agreement”) is made as of April 30, 2012, among (i) TransUnion Holding Company, Inc., a Delaware corporation (the “Parent”); (ii) the members of the management of Parent or of TransUnion Corp. (the
“Company”) or other key Persons associated with the Company or the Parent and that are signatories hereto (the “Initial Key Individuals”), (iii) any other Person who becomes a party hereto pursuant to Article
VI (each a “Stockholder” and, collectively, with the Initial Key Individuals, the “Stockholders”); and (iv) for purposes of Section 3.3, Section 3.4 and Articles IV and VII
only, the GS Investors and the Advent Investor (each as herein defined) (together, the “Sponsor Investors”). 

WHEREAS, the Parent, Spartan Acquisition Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of the Parent
(“Merger Sub”), the Company and solely with respect to Article 11 only, MDCPVI TU Holdings, LLC, a Delaware limited liability company, solely in its capacity as the Stockholder Representative, are parties to that certain
Merger Agreement, dated as of February 17, 2012 (as amended from time to time, the “Merger Agreement”); 

WHEREAS, pursuant to the Merger Agreement, Merger Sub will merge with and into the Company (the “Merger”) and the
separate corporate existence of Merger Sub shall thereupon cease and the Company shall be the surviving corporation in the Merger and a wholly owned direct subsidiary of the Parent; 

WHEREAS, immediately prior hereto certain Initial Key Individuals entered into a Rollover Letter Agreement with Parent pursuant to which
they purchased Shares (such shares, the “Rollover Shares”) and signed a joinder to this Agreement; 
 WHEREAS,
after the Merger, the Parent will be the sole and exclusive owner of the shares of all common stock of the Company; 
 WHEREAS,
the Parent has adopted the TransUnion Holding Company, Inc. 2012 Management Equity Plan, effective as of a date shortly after the date hereof, as amended from time to time (the “Stock Incentive Plan”); 

WHEREAS, the Parent and certain Initial Key Individuals have entered into written agreements (each an “Option
Agreement”) setting forth the terms and conditions of Options granted under the Stock Incentive Plan; 
 WHEREAS, as a
condition for the right of the Initial Key Individuals to purchase Shares and/or to receive grants of or exercise Options, and pursuant to the terms of the Stock Incentive Plan and the Option Agreements, each of the Initial Key Individuals is
obligated to become a party to this Agreement; and 
 WHEREAS, the parties hereto desire to enter into this Agreement to govern
certain of their rights, duties and obligations with respect to their ownership of Shares and Options after consummation of the transactions contemplated by the Merger Agreement and the Option Agreements. 

 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein,
the parties mutually agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.1. Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 
 “AAA” has the meaning set forth in Section 7.3(b)(i). 

“Adverse Person” has the meaning set forth in Section 3.1(g). 

“Advent Investor” means Advent-TransUnion Acquisition Limited Partnership. 

“Affiliate” means, with respect to any Person, (a) any other Person that controls, is controlled by, or is under
common control with such Person and (b), solely with respect to Section 3.1(i), a director or executive officer of such Person or of any Person identified in clause (a) above. The term “control,” as used with
respect to any Person, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. “Controlled” and
“controlling” have meanings correlative to the foregoing. Notwithstanding the foregoing, (1) none of the Investors shall be considered Affiliates of (x) any portfolio operating company in which the Investors or any of their
investment fund Affiliates have made a debt or equity investment, (y) Parent or any of its Subsidiaries or (z) each other and (2) neither Parent nor any of its Subsidiaries shall be considered an Affiliate of any Stockholder.

 “Agreement” means this Stockholders’ Agreement, as the same may be amended, supplemented, restated or
modified. 
 “Award” means, individually or collectively, a grant under the Stock Incentive Plan of any type of
equity award (including Options) as the committee formed to administer the Stock Incentive Plan in its discretion deems appropriate. 
 “Banking Regulations” means all federal, state and foreign Laws applicable to banks, bank holding companies and their subsidiaries and Affiliates, including without limitation, the Bank
Holding Company Act, the Federal Reserve Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

“Beneficial ownership” and “beneficially own” and similar terms have the meaning set forth in Rule
13d-3 under the Exchange Act; provided, however, that no Stockholder shall be deemed to beneficially own any securities of the Parent held by any other Stockholder solely by virtue of the provisions of this Agreement (other than this
definition which shall be deemed to be read for this purpose without the proviso hereto). 

  
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 “Board” means the Board of Directors of the Parent. 

“Business Day” means any day, other than a Saturday, Sunday or one on which banks are authorized by law to be closed in
New York, New York. 
 “Call” has the meaning set forth in Section 6.1. 

“Call Date” means the date during the applicable Repurchase Period with respect to which the Parent has notified a Key
Individual of the Parent’s exercise of a Call with respect to all or a portion of such Key Individual’s Share Equivalents. 
 “Call Shares” has the meaning set forth in Section 4.1. 
 “Call Shares Price” means, (a) with respect to any Rollover Shares held by any Key Individual or his or her Permitted Transferee, a price equal to the Fair Market Value of such Call
Shares as of the Call Date unless the employment of such Key Individual was terminated for Cause (in which case the price shall be the lower of (x) the Fair Market Value of such Rollover Shares as of the Call Date and (y) the amount that
such Key Individual paid for such Rollover Shares (i.e., cost), and (b) with respect to any Call Shares (other than the Rollover Shares) held by any Key Individual or his or her Permitted Transferee, (i) with respect to any Call exercised
in connection with a termination of such Key Individual’s employment for Cause, a price equal to the lower of (x) the Fair Market Value of such Call Shares as of the Call Date and (y) the amount that such Key Individual or such
Permitted Transferee paid for such Call Shares (i.e., cost), or (ii) with respect to any Call exercised in connection with a termination of such Key Individual’s employment for any reason other than for Cause, a price equal to the Fair
Market Value of such Call Shares as of the Call Date. 
 “Cause” with respect to a Key Individual’s
termination of employment with the Parent and its Subsidiaries means (a) for any Key Individual who on the date of this Agreement is party to an employment or severance agreement with Parent or any of its Subsidiaries that contains a
“Cause” definition and that is not superseded by an agreement described in clause (b), “Cause” shall have the meaning assigned to it in such agreement; (b) for any Participant who after the date enters into an employment or
severance agreement with Parent or any of its Affiliates that contains a “Cause” definition, “Cause” shall have the meaning assigned to it in such agreement; or (c) for any other Key Individual, any of the following as
determined by the Board in its good faith discretion: (i) the Key Individual’s breach of the terms of any employment or severance agreement to which the Key Individual is a party with the Parent or any of its Subsidiaries; (ii) if the
Key Individual has no such agreement, the Key Individual’s breach of the terms of the Key Individual’s employment (including, without limitation, the material policies of the Parent or any of its Affiliates, as applicable); (iii) the
Key Individual’s willful failure or refusal to perform the Key Individual’s material duties for the Parent or any of its Affiliates, as applicable; (iv) the Key Individual’s insubordination or disregard of the legal directives of
the board of directors or senior management of the Parent or any of its Subsidiaries, 

  
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as applicable, which are not inconsistent with the scope, ethics and nature of the Key Individual’s duties and responsibilities; (v) the Key Individual’s engaging in misconduct
that has a material and adverse impact on the reputation, business, business relationships or financial condition of the Parent or any of its Affiliates; (vi) the Key Individual’s commission of an act of fraud or embezzlement against the
Parent or any of its Affiliates; or (vii) the Key Individual’s conviction of, or plea of guilty or nolo contendere to, a felony or a crime involving fraud or misrepresentation; provided, however, that Cause shall not be
deemed to exist under any of the foregoing clauses (a), (b), (c) or (d) unless the Key Individual has been given reasonably detailed written notice of the grounds for such Cause and, if curable, the Key Individual has not effected a cure
within twenty (20) days after the date of receipt of such notice. If the Board reasonably believes that Cause may exist, the Parent or any of its Affiliates may suspend the Key Individual with pay pending the Board’s determination as to
whether Cause in fact exists. 
 “Change in Control” means the occurrence of any of the following events:

 (a) the sale or disposition, in one or a series of related transactions, of all or substantially all, of the assets of the
Parent or the Company to any “person” or “group” (as such terms are defined in Section 13(d)(3) or 14(d)(2) of the Exchange Act), other than any of the Sponsor Investors or any of their respective Affiliates, or any group or
persons that includes any of the Sponsor Investors or their respective Affiliates (collectively, the “Permitted Holders”); or 
 (b) any person or group, other than one or more of the Permitted Holders, is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the voting stock of the
Parent or the Company (or any entity which controls the Parent or Company, or which is a successor to all or substantially all of the assets of the Parent or the Company), including by way of merger, recapitalization, reorganization, redemption,
issuance of capital stock, consolidation, tender or exchange offer or otherwise; or 
 (c) a merger of the Parent or the Company
with or into another Person other than one or more of the Permitted Holders in which the voting stockholders of the Parent or the Company immediately prior to such merger cease to hold at least 50% of the voting shares of the Parent or the Company
(or the surviving corporation or ultimate parent) immediately following such merger; 
 provided that, in no event shall a Change
in Control be deemed to include any transaction effected for the purpose of (i) changing, directly or indirectly, the form of organization or the organizational structure of the Parent or any of its Subsidiaries, or (ii) contributing
assets or equity to entities controlled by the Parent (or owned by the Parent in substantially the same proportions as their ownership of the Parent). 
 “Claim” has the meaning set forth in Section 7.3(b)(ii). 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. Any reference to a section of the Code shall include a reference to any successor provision thereto. 

“Company” has the meaning set forth in the Preamble. 

  
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 “De Minimis Continuing Investor” means a Sponsor Investor that has
Transferred (through one or more Transfers) more than ninety percent (90%), but less than one hundred percent (100%), of its Initial Ownership Interest (excluding both pro rata Transfers agreed to by the Sponsor Investors, as well as Transfers to
Affiliates). 
 “Determination Time” has the meaning set forth in Section 3.1(b). 

“Dispute” has the meaning set forth in Section 7.3(b)(i). 

“Drag-Along Buyer” has the meaning set forth in Section 3.3(e). 

“Drag-Along Notice” has the meaning set forth in Section 3.3(a). 

“Drag-Along Stockholder” has the meaning set forth in Section 3.3(a). 

“Drag-Along Transfer” has the meaning set forth in Section 3.3(a). 

“Electing Call Sponsor Investors” has the meaning set forth in Section 4.2(b). 

“Encumbrance” means any charge, claim, community or other marital property interest, right of first option, right of
first refusal, mortgage, pledge, lien or other encumbrance. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended. 
 “Escrow Agent” has the meaning set forth in Section 3.3(e).

 “Escrow Holder” has the meaning set forth in Section 5.3(c). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder, as the same may be amended from time to time. 
 “Fair Market Value” has the meaning set forth in
the Option Plan. 
 “GS Investors” means GS Capital Partners VI Fund, L.P., GS Capital Partners VI Parallel,
L.P., Spartan Shield Holdings, GS Capital Partners Offshore Fund, L.P., GS Capital Partners VI GmbH & Co. KG, MBD 2011 Holding, L.P., Opportunity Partners Offshore-B Co-Invest AIV, L.P. 

“Initial Key Individuals” has the meaning set forth in the Preamble. 

“Initial Ownership Interest” means, with respect to any Stockholder or Sponsor Investor, the number of Share Equivalents
held by such Stockholder or Sponsor Investor, as applicable, as of the date hereof or the date such Person first becomes a holder of Shares or Share Equivalents. 
 “Initial Public Offering” or “IPO” means the first underwritten Public Offering. 

  
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 “Investment Company Act” means the Investment Company Act of 1940, as
amended. 
 “Joinder Agreement” has the meaning set forth in Section 3.2(a). 

“Key Individual” means each of the Initial Key Individuals specified in the preamble and each additional Person, other
than an Investor, who becomes a party to this Agreement pursuant to Article VI hereof as a holder of Share Equivalents. 

“Lapse Date” means the date that the Transfer Restriction Period ends. 

“Law,” with respect to any Person, means (a) all provisions of all laws, statutes, ordinances, rules, regulations,
permits, certificates or orders of any governmental authority applicable to such Person or any of its assets or property or to which such Person or any of its assets or property is subject, and (b) all judgments, injunctions, orders and decrees
of all courts and arbitrators in proceedings or actions in which such Person is a party or by which it or any of its assets or properties is or may be bound or subject. 
 “Merger” has the meaning set forth in the Recitals. 

“Merger Agreement” has the meaning set forth in the Recitals. 

“Merger Sub” has the meaning set forth in the Recitals. 

“Option Agreement” has the meaning set forth in the Recitals. 

“Options” means any options to purchase Shares granted to any Key Individual pursuant to the Stock Incentive Plan.

 “Ownership Percentage” means, with respect to any Stockholder or Sponsor Investor, a fraction (expressed as
a percentage), the numerator of which is the aggregate number of Share Equivalents (a) owned by the applicable Sponsor Investor (together with its Affiliates) or the applicable Stockholder, as the case may be, and (b) over which the
applicable Sponsor Investor (together with its Affiliates) or the applicable Stockholder, as the case may be, retains voting control (without regard to this Agreement), and the denominator of which is the aggregate number of Share Equivalents held
by all the holders of Shares and Share Equivalents. 
 “Parent” has the meaning set forth in the Recitals.

 “Participating Stockholder” has the meaning set forth in Section 3.4(b). 

“Permitted Holders” has the meaning set forth in the definition of “Change in Control”. 

“Permitted Transferee” means, with respect to any Stockholder, (a) any parent, grandparent, sibling or child
(including any adopted sibling or child) of such Key Individual, or any spouse or former spouse of such Key Individual, (b) any trust established solely for the 

  
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benefit of (x) such Key Individual and/or (y) any of the Persons set forth in the foregoing clause (a), (c) any corporation, limited liability company, partnership, foundation or
other Person (i) with respect to which all of the outstanding capital stock or other equity interests are beneficially owned solely by (x) such Key Individual and/or (y) any of the Persons set forth in the foregoing clause
(a) and (ii) with respect to which such Key Individual (unless such Key Individual has died or become Disabled) is the majority stockholder (if a corporation), the sole or managing member (if a limited liability company), the sole general
partner (if a limited partnership) or otherwise has the sole power to direct or cause the direction of the management and policies, directly or indirectly, of such Person, whether through the ownership of voting securities, by contract or otherwise
(if any other type of Person) or (d) any other transferee treated as a “family member” for purposes of Form S-8 under the Securities Act. 
 “Pledge Agreement” means the Pledge Agreement dated as of the date hereof among Parent and certain of the parties hereto. 

“Person” means an individual, partnership, corporation, business trust, joint stock company, trust, unincorporated
association, joint venture, limited liability company or any other entity of whatever nature, and shall include any successor (by merger or otherwise) of such entity. 
 “Pro Rata Portion” means a number of Share Equivalents determined by multiplying (a) the aggregate number of Share Equivalents held by the Drag-Along Stockholder by (b) a
fraction, the numerator of which is the aggregate number of Share Equivalents proposed to be Transferred by the applicable Sponsor Investors to the Drag-Along Buyer and the denominator of which is the aggregate number of Share Equivalents held by
the applicable Sponsor Investors. 
 “Proprietary Information” has the meaning set forth in
Section 5.7. 
 “Public Offering” means any public offering and sale of equity securities of the
Parent or any successor to the Parent for cash pursuant to an effective registration statement (other than on Form S-4, S-8 or a comparable form) under the Securities Act. 
 “Regulatory Concern” means any set of facts or circumstances in which any GS Investor’s ownership of securities issued by the Parent (a) gives rise to the need, or the
reasonably anticipated need, for the GS Investor or any of its Affiliates to take action in relation to such ownership to come into compliance with Banking Regulations or (b) gives rise to a limitation in Law (solely with respect to the Banking
Regulations) that will impair the ability of such GS Investor or any of its Affiliates to conduct its business or gives rise to a reasonable belief by such GS Investor that such a limitation is likely to arise. 

“Relative Ownership Percentage” has the meaning set forth in Section 3.1(b). 

“Repurchase Period” means, for any Call Shares held by a Key Individual or his or her Permitted Transferee as of such
Key Individual’s Termination Date, the period beginning on such Termination Date and ending 195 days after such Termination Date; provided that, for any Call Shares received by a Key Individual or his or her Permitted Transferee on
exercise of an Option, the Repurchase Period shall end 195 days after the later of such Termination Date and the applicable exercise date. 

  
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 “Request for Arbitration” has the meaning set forth in
Section 7.3(b)(i). 
 “Restricted Securities” means (a) Shares or Awards issued pursuant to
the Stock Incentive Plan that are subject to vesting requirements set forth in the Stock Incentive Plan, including any grant letter or agreement, or are otherwise subject to forfeiture and (b) any unvested, or vested but out-of-the-money,
Options and the Shares subject thereto. 
 “Rollover Letter Agreement” means the Rollover Letter Agreement
dated as of the date hereof among the Parent and the Initial Key Investors. 
 “Rollover Shares” has the
meaning set forth in the Recitals. 
 “Rule 144” means Rule 144 under the Securities Act (or any successor rule
or regulation). 
 “Sale” means a Transfer for value and the terms “Sell” and “Sold” shall
have correlative meanings. 
 “SEC” means the United States Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as
the same may be amended from time to time. 
 “Share Equivalents” means (a) Shares (including, for the
avoidance of doubt, Shares received upon exercise of Options, and vested Awards) and (b) the number of Shares issuable upon exercise, conversion or exchange of any security (including any Awards) that is currently exercisable for, convertible
into or exchangeable for, on any such date of determination, Shares without payment to the Parent of any additional consideration (other than the exercise price). In no instance shall Restricted Securities be considered Share Equivalents.

 “Shares” means shares of common stock, par value $0.01 per share, of the Parent. 

“Sponsor Investor” has the meaning set forth in the Preamble. 

“Stock Incentive Plan” has the meaning set forth in the Recitals. 

“Stockholder” has the meaning set forth in the Preamble. 

“Subsidiary” means, with respect to any party, any corporation, partnership, trust, limited liability company or other
non-corporate business enterprise in which such party (or another Subsidiary of such party) holds stock or other ownership interests representing (a) more that 50% of the voting power of all outstanding stock or ownership interests of such
entity, (b) the right to receive more than 50% of the net assets of such entity available for distribution to the holders of outstanding stock or ownership interests upon a liquidation or dissolution of such entity or (c) a general or
managing partnership interest in such entity. 

  
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 “Tag Notice” has the meaning set forth in Section 3.4(c).

 “Tag Rights” has the meaning set forth in Section 3.4(c). 

“Tag-Along Sale” has the meaning set forth in Section 3.4(a). 

“Termination Date” means the date of termination of a Key Individual’s employment with the Parent and its
Subsidiaries. 
 “Transfer” means, with respect to any Share Equivalents, a direct or indirect transfer
(including through one or more transfers), sale, exchange, assignment, pledge, hypothecation or other encumbrance or other disposition of such Share Equivalents, including the grant of an option or other right, whether directly or indirectly,
whether voluntarily, involuntarily or by operation of Law; provided, that a Transfer shall not include any direct or indirect transfer (including through one or more transfers), sale, exchange, assignment, pledge, hypothecation or other
encumbrance or other disposition of Share Equivalents as a result of any direct or indirect transfer (including through one or more transfers), sale, exchange, assignment, pledge, hypothecation or other encumbrance or other disposition of an
interest in The Goldman Sachs Group, Inc. or Advent International Corporation, including the grant of an option or other right, whether directly or indirectly, whether voluntarily, involuntarily or by operation of Law. 

“Transferred”, “Transferring” and “Transferee” shall each have a correlative meaning
to the term “Transfer.” 
 “Transferring Investor” has the meaning set forth in
Section 3.4(a). 
 “Transfer Percentage” means, with respect to any Person, the percentage
equivalent of a fraction, the numerator of which is the total number of Share Equivalents proposed to be Transferred by such Person (and its Permitted Transferees) and the denominator of which is the total number of Share Equivalents held by such
Person (and its Permitted Transferees). 
 “Transfer Restriction Period” means the period beginning on the date
hereof and ending on the earliest to occur of (i) the lapse of any lock-up that may be required to be entered into by the managing underwriters of an Initial Public Offering (without limiting in any way Section 3.1(b) hereof) or
(ii) a Change in Control. 
 “Unwinding Event” has the meaning set forth in Section 3.2(b).

 Section 1.2. General Interpretive Principles. The name assigned to this Agreement and the section captions used
herein are for convenience of reference only and shall not be construed to affect the meaning, construction or effect hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement as a
whole, and references herein to Articles or Sections refer to Articles or Sections of this Agreement. For purposes of 

  
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this Agreement, the words, “include,” “includes” and “including,” when used herein, shall be deemed in each case to be followed by the words “without
limitation.” The terms “dollars” and “$” shall mean United States dollars. Except as otherwise set forth herein, Shares underlying unexercised options that have been issued by the Parent shall not be deemed
“outstanding” for any purposes in this Agreement. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be
construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any provision of this Agreement. 

ARTICLE II 

REPRESENTATIONS AND WARRANTIES 
 Section 2.1. Representations and Warranties of the Stockholders. Each Stockholder, severally and not jointly, hereby represents and warrants to the Parent and each other Stockholder and the
Sponsor Investors that on the date hereof: 
 (a) Such Stockholder is competent to, and has sufficient capacity to, execute and
deliver this Agreement and to perform such Stockholder’s obligations hereunder. This Agreement has been duly executed and delivered by such Stockholder and, assuming the due execution and delivery of this Agreement by the other parties hereto,
this Agreement constitutes the valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar Laws affecting the enforcement of creditors’ rights generally and by the effect of general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law). 

(b) The execution, delivery and performance by such Stockholder of this Agreement and the agreements contemplated hereby and the
consummation by such Stockholder of the transactions contemplated hereby do not and will not, with or without the giving of notice or the passage of time or both: (i) violate the provisions of any Law, rule or regulation applicable to such
Stockholder or his or her properties or assets; (ii) violate any judgment, decree, order or award of any court, governmental or quasi-governmental agency or arbitrator applicable to such Stockholder or his or her properties or assets; or
(iii) result in any breach of any terms or conditions of, or constitute a default under, any contract, agreement or instrument to which such Stockholder is a party or by which such Stockholder or his or her properties or assets are bound.

 (c) Such Stockholder (i) understands that no public market now exists for the Shares or the Options and there is no
assurance that a public market will ever exist for the Shares or the Options and (ii) understands that neither the Shares nor the Options may be sold, transferred, or otherwise disposed of without registration under the Securities Act or an
exemption therefrom, and that in the absence of an effective registration statement covering the Shares or the Options or an available exemption from registration under the Securities Act, Shares and the Options must be held indefinitely.

  
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 Section 2.2. Entitlement of the Parent; Sponsor Investors and the Stockholders to
Rely on Representations and Warranties. The representations and warranties contained in Section 2.1 may be relied upon by the Parent, the Sponsor Investors, and by the other Stockholders, in connection with the entering into of this
Agreement. Without limiting the foregoing, each Stockholder agrees to give the Parent prompt written notice in the event that any representation of such Stockholder contained in Section 2.1 ceases to be true at any time following the
date hereof. 
 Section 2.3. Representations and Warranties of the Parent. The Parent hereby represents and warrants
to the Stockholders that as of the date of this Agreement: 
 (a) It is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, it has full power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby, and the execution, delivery and performance by it of this
Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action; 
 (b) This Agreement has been duly and validly executed and delivered by the Parent and constitutes a legal and binding obligation of the Parent, enforceable against the Parent in accordance with its terms,
except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar Laws affecting creditors’ rights generally and by equitable principles of general applicability; and 

(c) The execution, delivery and performance by the Parent of this Agreement and the consummation by the Parent of the transactions
contemplated hereby will not, with or without the giving of notice or lapse of time, or both, (i) violate any provision of Law, statute, rule or regulation to which the Parent is subject, (ii) violate any order, judgment or decree
applicable to the Parent or (iii) conflict with, or result in a breach or default under, any term or condition of the Parent’s organizational documents or any agreement or instrument to which the Parent is a party or by which it is bound.

 ARTICLE III 
 TRANSFER RESTRICTIONS 
 Section 3.1. General Restrictions on
Transfers. 
 (a) Before an IPO, no Stockholder may Transfer any of its Share Equivalents, except (i) to Permitted
Transferees in accordance with Section 3.2, (ii) pursuant to, or consequent upon, the exercise of the drag-along rights set forth in Section 3.3 or the Tag Rights set forth in Section 3.4, (iii) as
required by applicable Law, regulation or any order of a court or governmental agency or (iv) in accordance with the Pledge Agreement. The parties hereto acknowledge that the limitations on Transfers of Share Equivalents set forth in this
Article III are reasonable and are in addition to any restrictions set forth in Article IV or imposed by applicable Law. 

  
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 (b) Following an IPO, and subject to this Section 3.1, in addition to Transfers
to Permitted Transferees pursuant to Section 3.2 and in addition to any Transfers permitted in and under Section 2.03 of the Registration Rights Agreement or Rule 701(g)(3) of the Securities Act or other applicable exemption from or
registration under the securities laws, each Stockholder may Transfer Share Equivalents to the extent permitted under this Section 3.1(b). Any such Transfers must not violate whatever customary management stock ownership guidelines are
adopted in connection with or after an IPO or the black-out or lock-up periods provided under Section 2.04 of the Registration Rights Agreement or set forth in any lock-up agreement entered into in connection with any offering effected under
the Registration Rights Agreement. In no event, however, may any Transfer by any Key Individual result in the Relative Ownership Percentage (as defined below) of the Share Equivalents owned by such Stockholder immediately following the effective
time of such Transfer (the “Determination Time”) being less than the Relative Ownership Percentage of the Share Equivalents owned by the Sponsor Investors immediately following the Determination Time. For purposes of this
Section 3.1(b), “Relative Ownership Percentage” means: 
 (i) with respect to the
Share Equivalents held by a Stockholder, a fraction (expressed as a percentage), (A) the numerator of which is the number of Share Equivalents owned by such Stockholder immediately following the Determination Time and (B) the denominator
of which is the sum of (x) the number of Share Equivalents owned by such Stockholder immediately following an IPO and (y) the number of Share Equivalents owned by such Key Individual that were not Share Equivalents immediately following an
IPO but that have subsequently become Share Equivalents, and 
 (ii) with respect to Share Equivalents owned by
the Sponsor Investors, a fraction (expressed as a percentage), (A) the numerator of which is the aggregate number of Share Equivalents owned by the Sponsor Investors immediately following the Determination Time and (B) the denominator of
which is the aggregate number of Share Equivalents owned by the Sponsor Investors immediately following an IPO. 
 (c) Any
Stockholder wishing to Transfer Share Equivalents pursuant to Section 3.1(b) shall be entitled to obtain prior to such Transfer, and rely upon, a statement from the Parent of the number of Share Equivalents that such Stockholder may
Transfer pursuant to Section 3.1(b). 
 (d) Any Transferee of Share Equivalents (including Affiliates of any
Stockholder) shall be required, at the time of and as a condition to such Transfer, to become a party to this Agreement by executing and delivering such documents as may be necessary, in the reasonable opinion of the Board, to make such Person a
party hereto, including the joinder set forth on Exhibit A hereto, whereupon such Transferee will be treated as a Stockholder for all purposes of this Agreement; provided, that, following a Public Offering, no Transferee of Share
Equivalents or equity securities of the Registering Entity, as the case may be, shall be required to become a party to this Agreement if such Transferee acquired such Share Equivalents or equity securities in a sale to the public (i) in a
registered public offering or (ii) pursuant to Rule 144 under the Securities Act. 

  
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 (e) Any purported Transfer of Share Equivalents by a Stockholder, other than in accordance
with this Agreement, shall be null and void, and the Parent shall refuse to recognize any such Transfer for any purpose and shall not reflect in its records any change in record ownership of Share Equivalents pursuant to any such Transfer.

 (f) No Stockholder shall grant any proxy or enter into or agree to be bound by any voting trust with respect to any Share
Equivalents or enter into any agreements or arrangements of any kind with any Person with respect to any Share Equivalents inconsistent with the provisions of this Agreement (whether or not such agreements and arrangements are with other Key
Individuals or holders of Share Equivalents who are not parties to this Agreement), including agreements or arrangements with respect to the acquisition, disposition or voting (if applicable) of any Share Equivalents, nor shall any Key Individual
act, for any reason, as a member of a group or in concert with any other persons in connection with the acquisition, disposition or voting (if applicable) of any Share Equivalents in any manner that is inconsistent with the provisions of this
Agreement. 
 (g) Notwithstanding any provisions of Article III, except in connection with a Drag-Along Transfer, in no event
shall any Stockholder knowingly Transfer any of its Share Equivalents to any Person (including an Affiliate) reasonably determined by the written consent of each of the Sponsor Investors that is not a De Minimis Continuing Investor to be (i) a
competitor of the Parent or any of its Subsidiaries, or otherwise adverse to the Parent or any of its Subsidiaries, or (ii) any strategic investor (i.e., any investor, other than a private equity investor, a hedge fund investor or an
investor whose principal business is investing in securities) (any Person described in sub-sections (i) or (ii), an “Adverse Person”); provided, that, for the avoidance of doubt, a Stockholder Transferring Share
Equivalents to the public following a Public Offering (x) in a registered public offering or (y) pursuant to Rule 144 under the Securities Act shall not be deemed to have “knowingly” Transferred Share Equivalents to an Adverse
Person for purposes of this Section 3.1(h). In addition, no Stockholder shall be entitled to Transfer any Share Equivalents or any other rights under this Agreement (including to an Affiliate) at any time unless the Sponsor Investors are
reasonably satisfied that such Transfer would not: 
 (i) violate the Securities Act or any state (or other
jurisdiction) securities or “Blue Sky” laws applicable to the Parent or the Share Equivalents; 
 (ii)
cause the Parent to become subject to the registration requirements of the Investment Company Act; 
 (iii) cause
the Parent to become subject to the registration requirements of Section 12(g) of the Securities Act; or 

(iv) be a non-exempt “prohibited transaction” under ERISA or the Code or cause all or any portion of the assets
of the Parent to constitute “plan assets” under ERISA or Section 4975 of the Code. 

  
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 (h) Except as provided in Article IV hereof, any Stockholder that proposes to
Transfer Share Equivalents in accordance with the terms and conditions hereof shall be responsible for any expenses incurred by the Parent in connection with such Transfer. 
 Section 3.2. Permitted Transferees. 
 (a) Subject to
Section 3.1(e) and Section 3.1(g), any Stockholder may at any time Transfer any or all of its Share Equivalents to a Permitted Transferee without the consent of any Person, so long as such Permitted Transferee shall have
agreed in writing to be bound by the terms of this Agreement by executing a joinder agreement in the form of Exhibit A attached hereto (“Joinder Agreement”). Such Stockholder must give prior written notice to the Parent of
any proposed Transfer to a Permitted Transferee, including the identity of such proposed Permitted Transferee and such other information reasonably requested by the Parent to ensure compliance with the terms of this Agreement and the Parent shall be
entitled to condition any such Transfer on receipt of an opinion of counsel reasonably acceptable to the Parent that such Transfer is exempt from the registration requirements of the Securities Act. 

(b) If, while a Permitted Transferee holds any Share Equivalents, a Permitted Transferee ceases to qualify as a Permitted Transferee in
relation to the initial transferor Stockholder from whom or which such Permitted Transferee or any previous Permitted Transferee of such initial transferor Stockholder received such Share Equivalents or becomes an Adverse Person (an
“Unwinding Event”), then the relevant initial transferor Stockholder: 
 (i) shall forthwith
notify the Sponsor Investors and the Parent of the pending occurrence of such Unwinding Event; and 
 (ii) shall
take all actions necessary prior to such Unwinding Event to effect a Transfer of all the Share Equivalents held by the relevant Permitted Transferee either back to such Stockholder or, pursuant to this Section 3.2, to another Person
which qualifies as a Permitted Transferee of such initial transferring Stockholder. 
 Section 3.3. Drag-Along
Rights. 
 (a) In the event the Board (subject to any required consent of the Sponsor Investors) or the Sponsor Investors
(acting collectively) elect to exercise drag-along rights in accordance with the terms, conditions and procedures set forth herein (a “Drag-Along Transfer”) in connection with a Change of Control, the Sponsor Investors shall
promptly give written notice (a “Drag-Along Notice”) to each Stockholder (each, a “Drag-Along Stockholder”) not later than fifteen (15) days prior to the consummation of the Drag-Along Transfer of any election
by the Sponsor Investors to exercise their drag-along rights under this Section 3.3, setting forth the name of the Transferee, the total number of Share Equivalents proposed to be Transferred by the Sponsor Investors, the proposed amount
and form of consideration for such Share Equivalents, and all other material terms and conditions of the Drag-Along Transfer. Such notice shall also specify the number of Share Equivalents such Drag-Along Stockholder shall be required to transfer,
up to such Drag-Along Stockholder’s Pro Rata Portion of Share Equivalents. With respect to any Shares subject to vested and exercisable but unexercised Options, to the extent that 

  
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such Shares are to be sold pursuant to this Section 3.3, the price per Share shall be reduced by the exercise price of such Options. Any transfer of Share Equivalents by a Drag-Along
Stockholder pursuant to the terms hereof shall be at the price per Share Equivalent specified in the Drag-Along Notice (which must be no less than the price per Share Equivalent to be received by the Sponsor Investors selling in connection with the
Change in Control) and all Stockholders shall receive the same form and per Share Equivalent amount of consideration in connection with a Drag-Along Transfer. 
 (b) No Drag-Along Stockholder shall be required to make any representations or warranties in connection with such Drag-Along Transfer, except as to (i) good and valid title to the Shares being
Transferred; (ii) the absence of liens, with respect to the Shares being Transferred; (iii) its valid existence and good standing (if applicable); (iv) the legal capacity and authority for, and validity, binding effect and
enforceability of (as against such Drag-Along Stockholder), any agreement entered into by such Drag-Along Stockholder in connection with the Drag-Along Transfer of such Shares; (v) all required consents and approvals to the Drag-Along Transfer
of such Shares having been obtained (excluding securities laws); and (vi) the fact that no broker’s commission or finder’s fee is payable by the Drag-Along Stockholder as a result of the Drag-Along Stockholder’s conduct in
connection with a Drag-Along Transfer. All such representations, warranties, covenants, indemnities and agreements shall be made by each of the Drag-Along Stockholders severally and not jointly, any indemnifications provided by the Drag-Along
Stockholders will be on a several basis (pro rata based upon proportion of aggregate transaction consideration received) and not a joint basis (other than to the extent secured by an escrow fund, holdback or other similar mechanism), and the
indemnification obligations of any Drag-Along Stockholder will be limited to the consideration received by such Drag-Along Stockholder; provided that, for the sake of clarity, in no event shall this Section 3.3(b) limit or affect the
ability of Parent to provide representations and warranties in connection with any Drag-Along Transfer and for the proceeds of such Drag-Along Transfer to be used (whether pursuant to an escrow fund, holdback or other similar mechanism) to stand
behind the indemnification obligations of Parent in respect of a breach of any such representations and warranties. If the Sponsor Investors are transferring less than all of the Share Equivalents held by the Sponsor Investors, then each Drag-Along
Stockholder will transfer a number of Share Equivalents and/or Options (as may be provided in a Drag-Along Notice by the applicable Sponsor Investors, in their sole discretion) equal to the product of the following: (x) the number of Share
Equivalents (including any Shares issued in respect of exercised Options or issuable upon the exercise of Options to the extent such Options are then vested and exercisable) and/or Options beneficially owned by such Drag-Along Stockholder multiplied
by (y) a fraction, the numerator of which is the aggregate number of Share Equivalents being transferred by the Sponsor Investors and the denominator of which equals the aggregate number of Share Equivalents beneficially owned by the Sponsor
Investors. 
 (c) All Drag-Along Stockholders shall cooperate in, and shall take all actions that the Sponsor Investors deem
reasonably necessary or desirable to consummate the Drag-Along Transfer, including, without limitation, as applicable, (i) voting their respective Share Equivalents (or executing and delivering any written consents in lieu thereof) in favor of
the Drag-Along Transfer and all actions deemed necessary or appropriate by the Sponsor Investors in connection with the Drag-Along Transfer, including voting to approve a Drag-Along Transfer 

  
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if such Drag-Along Transfer is structured as a merger or a sale of all or substantially all of the assets of the Parent, and against any action or proposal that may prevent, hinder or impede the
consummation of the Drag-Along Transfer, (ii) to the extent permitted by applicable Law, waiving any dissenters’ or appraisal rights to which they may be entitled in connection with the Drag-Along Transfer, (iii) entering into
agreements with the Drag-Along Buyer on terms substantially identical to those (if any) entered into between the Drag-Along Buyer and the Sponsor Investors, and (iv) selling such Drag-Along Stockholder’s Pro Rata Portion of the Share
Equivalents being sold. 
 (d) Solely for purposes of Section 3.3(c) and Section 3.3(d) and in order to
secure the performance of each Drag-Along Stockholder’s obligations under Section 3.3(c) and Section 3.3(d), each Drag-Along Stockholder hereby irrevocably appoints each of the Sponsor Investors as the attorney-in-fact
and proxy of such Drag-Along Stockholder (with full power of substitution) to vote, provide a written consent or take any other action with respect to its Stockholder Equivalents as described in this paragraph, which proxy shall become effective
immediately and without further action by such Drag-Along Stockholder upon receipt by it or by the Sponsor Investors (and delivery to such Drag-Along Stockholder) of a signed letter of intent or other commitment from a qualified Drag Along Transfer
Person to pursue a Drag Along Transfer based on specific terms and conditions outlined in such letter of intent or other commitment, including, without limitation, a final purchase price or purchase price formula or other definitive consideration.
Such proxy shall be irrevocable and coupled with an interest, and each Drag-Along Stockholder shall take such further action and execute such other instruments as may be necessary to effectuate the intent of this proxy and hereby revoke any proxy
previously granted by it with respect to the matters set forth in Section 3.3(c) and Section 3.3(d) with respect to the Share Equivalents owned by such Drag-Along Stockholder. 

(e) If any Drag-Along Stockholder fails to transfer the Share Equivalents to be sold pursuant to this Section 3.3 to the
applicable acquirer of such Share Equivalents (the “Drag-Along Buyer”), the Sponsor Investors may, at their option, in addition to all other remedies they may have, deposit the purchase price (including any promissory note
constituting all or any portion thereof) for such Share Equivalents with any national bank or trust company having combined capital, surplus and undivided profits in excess of $500 million (the “Escrow Agent”), and thereupon all of
such Drag-Along Stockholder’s rights in and to such Share Equivalents shall terminate. Thereafter, upon delivery to the Parent by such Drag-Along Stockholder of appropriate documentation evidencing the transfer of such Share Equivalents to the
Drag-Along Buyer, the Sponsor Investors shall instruct the Escrow Agent to deliver the purchase price (without any interest from the date of the closing to the date of such delivery, any such interest to accrue to the Parent) to such Drag-Along
Stockholder. 
 (f) In connection with a Drag-Along Transfer, the Parent will, if applicable, enter into a definitive agreement
with the proposed transferee(s) providing for such Transfer and make and agree to representations, warranties, covenants and indemnities and other similar agreements that are reasonable and customary for negotiated transactions of the type
contemplated by such Transfer. 

  
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 (g) The Parent and the Drag-Along Stockholders will cooperate in the obtaining of all
governmental and third-party approvals and consents reasonably necessary or desirable to consummate such Drag-Along Transfer. 

(h) All reasonable costs and expenses incurred by the Drag-Along Stockholders or the Parent in connection with any proposed Drag-Along
Transfer (whether or not consummated), including all attorneys fees and charges, all accounting fees and charges and all finders, brokerage or investment banking fees, charges or commissions, shall be paid by the Parent. 

(i) This Section 3.3 shall terminate, and be of no further force or effect, on and after the consummation of an IPO. 

Section 3.4. Tag-Along Rights. 
 (a) If a Sponsor Investor (the “Transferring Investor”) proposes to Transfer any Share Equivalents to one or more Persons (other than another Sponsor Investor or any of its Permitted
Transferees or those of another Sponsor Investor), then the Stockholders shall have the right to participate in such Transfer on a pro rata basis (such that each Stockholder’s Transfer Percentage is equal to the Transferring
Investor’s Transfer Percentage), on the same terms, conditions and equivalent type and amount of consideration payable per Share Equivalent (a “Tag-Along Sale”); provided, however, that the Key Individuals may not
participate in (i) any Transfer in an IPO or (ii) any Transfer by a GS Investor to the extent such Transfer occurs as a result of a Regulatory Concern. 
 (b) In the event that a Stockholder exercises his or her rights pursuant to this Section 3.4 (a “Participating Stockholder”), (i) each Participating Stockholder will not be
obligated to pay more than his or her pro rata share of transaction expenses incurred (based on the proportion of the aggregate transaction consideration received) in connection with such Tag-Along Sale to the extent that such expenses
are incurred for the benefit of all Participating Stockholders and are not otherwise paid by the Parent or the proposed purchaser (expenses incurred by or on behalf of a Participating Stockholder for his or her sole benefit not being considered
expenses incurred for the benefit of all Participating Stockholders), (ii) each Participating Stockholder shall make all representations or warranties in connection with such Transfer as made by the Transferring Investor, and (iii) subject
to the preceding clause (ii), any indemnifications provided by the Participating Stockholders will be on a several basis (pro rata based upon proportion of aggregate transaction consideration received) and not a joint basis with the Transferring
Investor (other than to the extent secured by an escrow fund, holdback or other similar mechanism). 
 (c) Any Sponsor Investor
that proposes to engage in a Tag-Along Sale shall notify the Parent in writing of such proposed transaction no less than thirty (30) days prior to the contemplated consummation date of the Tag-Along Sale (the “Tag Notice”), and
the Parent shall promptly (and in any event within five (5) Business Days thereafter) furnish such Tag Notice to each Stockholder. Such Tag Notice shall set forth: (i) a description of the Tag-Along Sale, (ii) the name of the proposed
purchaser, and (iii) the proposed amount and form of consideration and 

  
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terms and conditions of payment offered by the proposed purchaser. Each Stockholder will have the right, upon written notice to the Parent, delivered within ten (10) Business Days after
receipt of the Tag Notice to participate in the Tag-Along Sale on the terms and conditions thereof (such participation rights being hereinafter referred to as “Tag Rights”). In the event a Stockholder fails to notify the Parent of
such Stockholder’s intent to exercise such Tag Rights within ten (10) Business Days after receipt of a Tag Notice, such Stockholder will be deemed to have elected not to exercise such Tag Rights, and shall forfeit such Tag Rights, solely
with respect to the Tag-Along Sale contemplated by such Tag Notice. 
 (d) This Section 3.4 shall terminate, and be of no
further force or effect, on and after the consummation of the IPO. 
 ARTICLE IV 

TERMINATION OF EMPLOYMENT OF KEY INDIVIDUALS 
 Section 4.1. General. For the purpose of providing each Key Individual with a market for her or her Share Equivalents, if any Key Individual’s employment with the Parent or any of its
Subsidiaries shall terminate for any reason (including, for the avoidance of doubt, by such Key Individual’s resignation), the Parent (and, to the extent provided in this Article IV, the Sponsor Investors) shall have the right to purchase all
or a portion of the Share Equivalents held by such Key Individual or his or her Permitted Transferee or any of their respective Permitted Transferees (“Call Shares”) upon the terms and subject to the conditions set forth in this
Article IV (a “Call”). The right of the Parent (or, to the extent permitted by this Article IV, the Sponsor Investors) to effect a Call, as set forth in this Article IV, shall terminate upon the Lapse Date. 

Section 4.2. Call Option. 
 (a) If a Key Individual’s employment with the Parent or any of its Subsidiaries shall terminate for any reason, the Parent shall have the right, but not the obligation, by written notice to such Key
Individual or his or her Permitted Transferee, at any time during the Repurchase Period, to Call all or a portion of the Call Shares at the Call Shares Price. 
 (b) The Parent shall have the option to assign its right to purchase all or any portion of the Call Shares hereunder to the Sponsor Investors pro rata in proportion to the aggregate number of Share
Equivalents held by any Sponsor Investor with respect to the aggregate number of Share Equivalents held by all Sponsor Investors and the Sponsor Investors may exercise the Parent’s rights under this Article IV in the same manner in which the
Parent could exercise such rights. In the event that the Parent determines that it will assign its right to purchase Call Shares under this Section 4.2, it shall give the Sponsor Investors written notice of the number of Call Shares, the
Call Shares Price and the terms and conditions of the proposed sale. Each Sponsor Investor shall have twenty (20) days from the date of receipt of any such notice to agree to purchase up to its pro rata share of such Call Shares, for the Call
Shares Price and upon the terms and conditions specified in the notice, by giving written notice to the Parent stating therein the quantity of Call Shares to be purchased up to such Sponsor Investor’s pro rata share. If any Sponsor Investor
fails to agree to purchase its full pro rata share within such twenty 

  
 18 

 
(20) day period, the Parent will give the Sponsor Investors who did so agree (the “Electing Call Sponsor Investors”) notice of the number of Call Shares not subscribed for. The
Electing Call Sponsor Investors shall have ten (10) days from the date of such second notice to agree to purchase their pro rata share (or such greater amount as the Electing Call Sponsor Investors agree upon) of all or any part of the Call
Shares not purchased by such other Sponsor Investors. 
 (c) Upon the exercise of a Call with respect to any Call Shares
pursuant to this Section 4.2: (i) the Parent or Sponsor Investors, as applicable, shall, on the Call Date, purchase such Call Shares from the applicable Key Individual and/or his or her Permitted Transferees, as applicable, for the
applicable Call Shares Price and (ii) such Key Individual and/or Permitted Transferees, as applicable, shall, simultaneously therewith, transfer such Call Shares to the Parent or Sponsor Investors, as applicable, free and clear of all
Encumbrances, by delivering to the Parent stock certificates for such Call Shares, duly endorsed in blank with appropriate transfer tax stamps affixed. The Call Shares Price shall be payable by the Parent or Sponsor Investors, as applicable, in cash
or, if the Parent is prohibited from paying cash under any financing arrangement, (i) by note payable in installments of up to five (5) years, bearing interest at the prime lending rate in effect as of the date of purchase (which the
Parent will repay on an accelerated basis, prior to the scheduled maturity dates, if permitted under the applicable financing arrangements unless the Board affirmatively determines in good faith that such repayment would adversely affect the
Parent’s ability to satisfy future cash flow needs, provided that Parent shall use commercially reasonable efforts to carve out of any applicable financing arrangements entered into after the date hereof the ability to pay cash with respect to
Call Shares), or (ii) by delaying the exercise of the Call until such financing restrictions lapse. All of the parties to a Call transaction shall execute and deliver such additional documents as are otherwise reasonably necessary or
appropriate to consummate the transactions contemplated thereby. 
 ARTICLE V 

ADDITIONAL AGREEMENTS OF THE PARTIES 
 Section 5.1. Further Assurances. From time to time, at the reasonable request of any other party hereto and without further consideration, each party hereto shall execute and deliver such
additional documents and take all such further action as may be necessary or appropriate to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement. 

Section 5.2. Restrictive Covenants. In the event that a Key Individual is subject to any restrictive covenants, including
covenants in respect of solicitation, hiring, competition, interference and disparagement, pursuant to the terms of any Option, Share Equivalents or any other award granted under a Stock Incentive Plan, that, by its terms, applies to the Shares
issued under such award, such Key Individual specifically affirms and acknowledges such covenants. 

  
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 Section 5.3. Legend on Share Certificates. 

(a) The certificates representing the Share Equivalents shall include an endorsement typed conspicuously thereon of the following legend:

 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
UNDER STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED, RESOLD, ASSIGNED, TRANSFERRED PLEDGED OR HYPOTHECATED UNLESS REGISTERED OR EXEMPT FROM REGISTRATION UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS, AND HEDGING TRANSACTIONS
INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT OF 1933, AS AMENDED. 
 IN ADDITION,
THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS OF A STOCKHOLDERS’ AGREEMENT DATED AS OF APRIL 30, 2012 (AS MAY BE AMENDED FROM TIME TO TIME) AND MAY NOT BE VOTED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN
ACCORDANCE WITH SUCH AGREEMENT.” 
 In the event that any Share Equivalents shall become freely tradable under the securities Laws, the
Parent shall, upon the written request of the holder thereof, issue to such holder a new certificate representing such Share Equivalents without the first paragraph of the legend required by this Section 5.3. In the event that any Share
Equivalents shall cease to be subject to the restrictions on transfer set forth in this Agreement, the Parent shall, upon the request of the holder thereof, issue to such holder a new certificate representing such Share Equivalents without the
second paragraph of the legend required by this Section 5.3. 
 (b) All certificates for Share Equivalents hereafter
issued, whether upon transfer or original issue, shall be endorsed with a like legend. 
 (c) Each Key Individual agrees,
immediately upon receipt of the stock certificate(s) evidencing the Share Equivalents, to deliver such certificate(s) to the Secretary of the Parent or other designee of the Parent (the “Escrow Holder”), who is hereby appointed
to hold such certificate(s) in escrow and to take all such actions and to effectuate all such transfers and/or releases of such Shares as are in accordance with the terms of this Agreement. The Parent agrees to provide such Key Individual with a
photocopy of such stock certificate(s) upon such Key Individual’s request. The Key Individual and the Parent agree that the Escrow Holder will not be liable to any party to this Agreement (or to any other party) for any actions or omissions
unless the Escrow Holder is grossly negligent or intentionally fraudulent in carrying out the duties of the Escrow Holder under this Agreement. The Escrow Holder may rely upon any letter, notice or other document executed with any signature
purported to be genuine and may rely on the advice of counsel and obey any order of any court with respect to the transactions contemplated by this Agreement. 

  
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 Section 5.4. Restriction on Employee Equity Program. Without the prior written
consent of the Sponsor Investors, prior to an Initial Public Offering, the Parent shall not issue any Options or other equity grants or awards under a Stock Incentive Plan or any other employee equity program unless such Options, grants or other
awards are subject to the terms and provisions of this Stockholders’ Agreement. 
 Section 5.5. Voting
Agreement. Until the occurrence of the Lapse Date, each Key Individual hereby irrevocably appoints the Parent as the attorney-in-fact and proxy of such Key Individual (with full power of substitution) to vote, provide a written consent or take
any other action with respect to all matters in the same proportion as the Shares held by the Sponsor Investors are voted on with respect to all such matters; provided, however, that this Section 5.5 shall not apply with
respect to any vote or consent to amend or modify this Agreement pursuant to Section 7.6. Each Key Individual intends this proxy to be, and it shall be, irrevocable and coupled with an interest, and each Key Individual shall take such
further action and execute such other instruments as may be necessary to effectuate the intent of this proxy. 

Section 5.6. No Fiduciary Duty; Investment Banking Services. The parties hereto acknowledge and agree that nothing in this
Agreement shall create a fiduciary duty of Goldman, Sachs & Co. or any of its Affiliates or Advent International Corporation or any of its Affiliates to the Parent or the Stockholders. Notwithstanding anything to the contrary herein or any
actions or omissions by representatives of Goldman, Sachs & Co. or any of its Affiliates or Advent International Corporation or any of its Affiliates in whatever capacity, including as a director or observer to the Board, it is understood
that Goldman, Sachs & Co. or any of its Affiliates or Advent International Corporation or any of its Affiliates is not acting as a financial advisor, agent or underwriter to the Parent or any of its Affiliates or otherwise on behalf of the
Parent or any of its Affiliates unless retained to provide such services pursuant to a separate written agreement. 

Section 5.7. Confidentiality. Each Stockholder shall maintain the confidentiality of any confidential and proprietary
information of the Parent and its Subsidiaries (“Proprietary Information”) using the same standard of care, but in no event less than reasonable care, as it applies to its own confidential information, except (i) for any
Proprietary Information which is publicly available (other than as a result of dissemination by such Stockholder) or a matter of public knowledge generally, (ii) if the release of such Proprietary Information is ordered pursuant to a subpoena
or other order from a court of competent jurisdiction, following delivery of prior written notice to the Parent (to the extent permitted under applicable Law), or (iii) for Proprietary Information that was known to such Stockholder prior to its
disclosure by the Parent, or becomes known by such Stockholder, in each case on a non-confidential basis, without, to such Stockholders’ knowledge, breach of any third party’s confidentiality obligations. 

  
 21 

 ARTICLE VI 
 ADDITIONAL PARTIES 
 Section 6.1. Additional Parties.
Additional parties may be added to and be bound by and receive the benefits afforded by this Agreement upon the signing and delivery of a counterpart of this Agreement by the Parent and the acceptance thereof by such additional parties and, to the
extent permitted by Section 7.6, amendments may be effected to this Agreement reflecting such rights and obligations, consistent with the terms of this Agreement, of such party as the Sponsor Investors and such party may agree.

 ARTICLE VII 
 MISCELLANEOUS 
 Section 7.1. Freedom to Pursue
Opportunities.  
 (a) The parties expressly acknowledge and agree that: (i) each of the Sponsor Investors,
their respective Affiliates and associated funds, including directors and officers of the Parent, has the right to, and shall have no duty (contractual or otherwise) not to, directly or indirectly engage in the same or similar business activities or
lines of business as the Parent or any of its Subsidiaries, on its own account, or in partnership with, or as an employee, officer, director or stockholder of any other Person, including those lines of business deemed to be competing with the Parent
or any of its Subsidiaries; (ii) none of the Parent, any of its Subsidiaries or any Stockholder shall have any rights in and to the business ventures of any Sponsor Investor, its Affiliates and associated funds, including directors and officers
of the Parent, or the income or profits derived therefrom; (iii) each of the Sponsor Investors, their respective Affiliates and associated funds, including directors and officers of the Parent, may do business with any potential or actual
customer or supplier of the Parent or any of its Subsidiaries or may employ or otherwise engage any officer or employee of the Parent or any of its Subsidiaries; and (v) in the event that a Sponsor Investor, director or officer of the
Parent, any of such Sponsor Investor’s respective Affiliates or associated funds acquires knowledge of a potential transaction or matter that may be an opportunity for the Parent, any of its Subsidiaries, or any other Stockholder, such Sponsor
Investor, director or officer of the Parent, such Sponsor Investor’s Affiliates or associated funds shall have no fiduciary duty or other duty (contractual or otherwise) to communicate or present such opportunity to the Parent, any of its
Subsidiaries, any other Stockholder, as the case may be, and, notwithstanding any provision of this Agreement to the contrary, shall not be liable to the Parent, any of its Subsidiaries, any other Stockholder (and their respective Affiliates) for
breach of any fiduciary duty or other duty (contractual or otherwise) by reason of the fact that such Sponsor Investor, Affiliate, associated fund, director or officer directly or indirectly, pursues or acquires such opportunity for itself, directs
such opportunity to another Person, or does not present such opportunity to the Parent, any of its Subsidiaries, or any other Stockholder. For the avoidance of doubt, this Section 7.1 shall not apply to any directors of the Parent or any
of its Subsidiaries that are not appointed by a Sponsor Investor. For the avoidance of doubt, any actions taken, directly or indirectly, by any publicly traded Controlled Affiliate (or any of its officers, directors or employees) of a Sponsor
Investor shall not be deemed to be an action taken by such Sponsor Investor. 

  
 22 

 (b) Each Stockholder (for itself and on behalf of the Parent) hereby, to the fullest extent
permitted by applicable Law, acknowledges and agrees that, (i) in the event of any conflict of interest between the Parent or any of its Subsidiaries, on the one hand, and any Sponsor Investor, on the other hand, such Sponsor Investor (or any
director appointed by such Sponsor Investor acting in their capacity as a director) may act in such Sponsor Investor’s best interest and (ii) no Sponsor Investor (or any director appointed by such Sponsor Investor acting in their capacity
as a director), shall be obligated (A) to reveal to the Parent or any of its Subsidiaries confidential information belonging to or relating to the business of such Sponsor Investor or (B) to recommend or take any action in its capacity as
such Sponsor Investor or director appointed by a Sponsor Investor, as the case may be, that prefers the interest of the Parent or any of its Subsidiaries over the interest of such Sponsor Investor or director appointed by a Sponsor Investor, as the
case may be. 
 Section 7.2. Entire Agreement. This Agreement, together with the Registration Rights Agreement at
Exhibit B hereto, the Rollover Letter Agreement and all of the other exhibits, annexes and schedules hereto and thereto constitute the entire understanding and agreement between the parties as to restrictions on the transferability of Share
Equivalents and Options and the other matters covered herein and therein and supersede and replace any prior understanding, agreement or statement of intent, in each case, written or oral, of any and every nature with respect thereto. In the event
of any inconsistency between this Agreement and any document executed or delivered to effect the purposes of this Agreement, including, without limitation, the by-laws of any company, this Agreement shall govern as among the parties hereto.

 Section 7.3. Governing Law; Arbitration; Waiver of Jury Trial. 

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts
entered into and performed entirely within such State. 
 (b) Any claim, action, suit or proceeding (whether in contract or
tort) seeking to enforce any provision of, or based on any matter arising out of or in connection with, Section 3.3 of this Agreement or the transactions, rights or obligations contemplated by such section shall be heard and determined in the
Chancery Court of the State of Delaware and any state appellate court therefrom within the State of Delaware (or, if the Chancery Court of the State of Delaware declines to accept jurisdiction over a particular matter, any state or federal court
within the State of Delaware), and each of the parties hereto hereby consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom in any such claim, action, suit or proceeding) and irrevocably waives, to
the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of venue of any such claim, action, suit or proceeding in any such court or that any such claim, action, suit or proceeding that is brought in any
such court has been brought in an inconvenient forum. 

  
 23 

 (c) Subject to applicable Law, process in any such claim, action, suit or proceeding
contemplated by Section 7.3(b) may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing and subject to applicable Law, each party agrees that service of
process on such party as provided in Section 7.10 shall be deemed effective service of process on such party. Nothing herein shall affect the right of any party to serve legal process in any other manner permitted by Law or at equity. WITH
RESPECT TO ANY SUCH CLAIM, ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT, TO THE EXTENT NO PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES IRREVOCABLY WAIVES AND RELEASES TO THE OTHER ITS RIGHT TO A TRIAL BY JURY, AND AGREES
THAT IT WILL NOT SEEK A TRIAL BY JURY IN ANY SUCH PROCEEDING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 7.3 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN
ENTERING INTO THIS AGREEMENT. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 7.3 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

(d) Arbitration. 
 (i) Any and all disputes, controversies or claims (other than those contemplated by Section 7.3(b)) (each a “Dispute”) arising out of, relating to or in connection with this
Agreement, including, without limitation, any dispute regarding its arbitrability, validity or termination, or the performance or breach thereof, shall be exclusively and finally settled by arbitration administered by the American Arbitration
Association (“AAA”). Any party may initiate arbitration by notice to the other party (a “Request for Arbitration”). The arbitration shall be conducted in accordance with the AAA rules governing commercial
arbitration in effect at the time of the arbitration, except as they may be modified by the provisions of this Agreement. The place of the arbitration shall be Chicago, Illinois. The arbitration shall be conducted by a single arbitrator appointed by
the Stockholder involved in the applicable Dispute (or, if the Company or multiple Stockholders are involved in such Dispute, by the Stockholders holding a majority of the Shares held by all such Stockholders) from a list of at least five
(5) individuals who are independent and qualified to serve as an arbitrator submitted by the Parent within fifteen (15) days after delivery of the Request for Arbitration. Such appointment shall be made by such Stockholder or Stockholders
within ten (10) days after receipt of the list of qualified individuals from the Parent. In the event the Parent fails to send a list of at least five (5) qualified individuals to serve as arbitrator to such Stockholder or Stockholders
within such fifteen-day time period, then such Stockholder or Stockholders shall appoint such arbitrator within twenty-five (25) days from the Request for Arbitration. In the event such Stockholder or Stockholders fail to appoint a person to
serve as arbitrator from the list of at least five (5) qualified individuals within ten (10) days after its receipt of such list from the Parent, the Parent shall appoint one of the individuals from such

  
 24 

 
list to serve as arbitrator within five (5) days after the expiration of such ten (10) day period. Any individual will be qualified to serve as an arbitrator if he or she shall be an
individual who has no material business relationship, directly or indirectly, with any of the parties to the action and who has at least ten (10) years of experience in the practice of law with experience in executive compensation matters. The
arbitration shall commence within thirty (30) days after the appointment of the arbitrator; the arbitration shall be completed within sixty (60) days of commencement, and the arbitrator’s award shall be made within thirty
(30) days following such completion. The parties may agree to extend the time limits specified in the foregoing sentence. 
 (ii) The arbitrator will apply the substantive law (and the law of remedies, if applicable) of the State of Delaware without reference to its internal conflicts of laws principles, and will be without
power to apply any different substantive law. The arbitrator will render an award and a written opinion in support thereof. Such award shall include the costs related to the arbitration and reasonable attorneys’ fees and expenses to the
prevailing party. The arbitrator also has the authority to grant provisional remedies, including, without limitation, injunctive relief, and to award specific performance. The arbitrator may entertain a motion to dismiss and/or a motion for summary
judgment by any party, applying the standards governing such motions under the Federal Rules of Civil Procedure, and may rule upon any claim or counterclaim, or any portion thereof (a “Claim”), without holding an evidentiary
hearing, if, after affording the parties an opportunity to present written submission and documentary evidence, the arbitrator concludes that there is no material issue of fact and that the Claim may be determined as a matter of law. The parties
waive, to the fullest extent permitted by law, any rights to appeal, or to review of, any arbitrator’s award by any court. The arbitrator’s award shall be final and binding, and judgment on the award may be entered in any court of
competent jurisdiction, including, without limitation, the courts of Cook County, Illinois. Notwithstanding the foregoing, any party to this Agreement may seek injunctive relief, specific performance, or other equitable remedies from a court of
competent jurisdiction without first pursuing resolution of the dispute as provided above. Each party to this Agreement irrevocably submits to the non-exclusive jurisdiction and venue in the courts of the State of Illinois and of the United States
sitting in Chicago, Illinois in connection with any such proceeding, and waives any objection based on forum non conveniens. EACH PARTY TO THIS AGREEMENT IRREVOCABLY WAIVES SUCH PARTY’S RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY ACTION TO
ENFORCE AN ARBITRATOR’S DECISION OR AWARD PURSUANT TO SECTION 7.3(b)(i) OF THIS AGREEMENT. 
 (iii) The
parties agree to maintain confidentiality as to all aspects of the arbitration, except as may be required by applicable law, regulations or court order, or to maintain or satisfy any suitability requirements for any license by any state, federal or
other regulatory authority or body, including professional societies and organizations; provided, that nothing herein shall prevent a party from disclosing information regarding the arbitration for purposes of enforcing the award. The parties
further agree to obtain the arbitrator’s agreement to preserve the confidentiality of the arbitration. 

  
 25 

 Section 7.4. Obligations; Remedies. The Parent and the Stockholders shall be
entitled to enforce their rights under this Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement (including, without limitation, costs of enforcement) and to exercise all other rights existing in
their favor. The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement, and that the Parent or any Stockholder may in its sole discretion apply to any court of law or
equity of competent jurisdiction for specific performance or injunctive relief (without posting a bond or other security) in order to enforce or prevent any violation of the provisions of this Agreement. All remedies, either under this Agreement or
by Law or otherwise afforded to any party, shall be cumulative and not alternative. All obligations hereunder shall be satisfied in full without set-off, defense or counterclaim. To the fullest extent permitted by applicable law, each party hereto
agrees not to assert, and hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential (including damages based on lost profits or diminution in value) or punitive damages (as opposed to
direct or actual damages) arising out of, or in connection with, or as a result of, this Agreement or any of the transactions contemplated hereby. 
 Section 7.5. Consent of the Sponsor Investors and Key Individuals. 

(a) If any consent, approval or action of the Sponsor Investors is required at any time pursuant to this Agreement, such consent,
approval or action shall be deemed given if the holders of a majority of the outstanding Shares held by the Sponsor Investors at such time provide such consent, approval or action in writing at such time, unless this Agreement provides for more
specific consent requirements of the Sponsor Investors with respect to such consent, approval or action. 
 (b) If any consent,
approval or action of a Key Individual is required at any time pursuant to this Agreement, such consent, approval or action shall be deemed given if the holders of a majority of the outstanding Shares held at such time by such Key Individual and his
or her Permitted Transferees provide such consent, approval or action in writing at such time, unless this Agreement provides for more specific consent requirements of the Key Individuals with respect to such consent, approval or action. 

Section 7.6. Amendment and Waiver. 
 (a) The parties hereto may not amend, modify or supplement this Agreement except pursuant to a written instrument making specific reference to this Agreement that identifies itself as an amendment,
modification or supplement to this Agreement and that is executed by the Parent; provided, however, that (i) no such amendment, modification or supplement to this Agreement that adversely affects the rights and obligations of the
Stockholders shall be effective unless executed by the Stockholders holding at least two-thirds (66 2/3%) of the outstanding Shares then held by the Stockholders and (ii) no such amendment,

  
 26 

 
modification or supplement to this Agreement that disproportionately and adversely affects any Stockholder as compared to the other Stockholders shall be effective against such Stockholder unless
executed by such Stockholder; and provided, further, that any amendment of this Agreement shall require the consent of each of the Sponsor Investors that is not a De Minimis Continuing Investor. After a Sponsor Investor becomes a De Minimis
Continuing Investor, any amendment of this Agreement which adversely affects the rights or obligations of a Sponsor Investor disproportionately to the other Stockholders shall not be effective unless consented to by the Sponsor Investor so effected.

 (b) The parties hereto may not waive any provision of this Agreement except pursuant to a written instrument signed by the
party or parties hereto against whom enforcement of such waiver is sought. No action taken pursuant to this Agreement, including any investigation by or on behalf of any party hereto, constitutes a waiver by the party taking such action of
compliance with any provision of this Agreement. The waiver by any party hereto of any provision of this Agreement is effective only in the instance and only for the purpose that it is given and does not operate and is not to be construed as a
further or continuing waiver of such provision or as a waiver of any other provision. 
 (c) Any failure by any party at any
time to enforce any of the provisions of this Agreement, or single or partial enforcement of any rights, powers or remedies conferred by this Agreement, shall not be construed a waiver of such provision or any other provisions hereof, or preclude
any other or further exercise thereof. 
 Section 7.7. Binding Effect. Except as otherwise expressly provided
herein, the provisions hereof shall inure to the benefit of, and be binding upon, the parties’ successors, executors, administrators, heirs, legal representatives and permitted assigns. 

Section 7.8. Termination. This Agreement shall automatically terminate upon the earlier of (i) a Change in Control; or
(ii) the dissolution or liquidation of the Parent. Notwithstanding the foregoing, no party hereto shall be relieved from liability for any willful breach of this Agreement. 

Section 7.9. Non-Recourse. Notwithstanding anything that may be expressed or implied in this Agreement or any document or
instrument delivered in connection herewith, and notwithstanding the fact that certain of the Sponsor Investors may be partnerships or limited liability companies, by its acceptance of the benefits of this Agreement, the Parent and each Stockholder
covenant, agree and acknowledge that no Person (other than the parties hereto) has any obligations hereunder, and that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against
any current or future director, officer, employee, general or limited partner or member of any Stockholder or of any Affiliate or assignee thereof, 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 whatsoever shall attach to, be imposed on or otherwise be incurred by any the former, current and future equity holders,
controlling persons, directors, officers, employees, agents, affiliates, members, managers, general or limited partners or assignees of the Stockholders or any former, current or future 

  
 27 

 
stockholder, controlling person, director, officer, employee, general or limited partner, member, manager, Affiliate, agent or assignee of any of the foregoing, as such for any obligation of any
Stockholder 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. 

Section 7.10. Notices. Any and all notices, designations, offers, acceptances or other communications provided for herein
shall be given (a) when delivered personally by hand (with written confirmation of receipt), (b) when sent by facsimile (with written confirmation of transmission), (c) when received or rejected by the addressee if sent by registered
or certified mail, postage prepaid, return receipt requested, or (d) one Business Day following the day sent by overnight courier (with written confirmation of receipt): 
 (x) if to the Parent, to: 
 TransUnion Holding Company, Inc. 

c/o TransUnion Corp. 
 555 West Adams Street 
 Chicago, Illinois 60661 

Attention: Siddharth N. Mehta, President and Chief Executive Officer 

Attention: John W. Blenke, Executive Vice President, Corporate General Counsel and 

Corporate Secretary 
 Facsimile No.: (312) 466-7706 
 with a copy (which shall not constitute
notice) to 
 c/o Goldman, Sachs & Co. 
 200 West Street 
 New York, New York 10282-2198 

Attention: Sumit Rajpal 
 Facsimile: 212-357-5505 
 with a copy (which shall not constitute notice) to:

 Davis Polk & Wardwell 
 450 Lexington Avenue 
 New York, New York 10017 

Attention: John Amorosi 
 Facsimile: (212) 701-5010 
 with a copy (which shall not constitute notice)
to: 
 Advent International Corp. 
 75 State Street, 29th Floor 
 Boston, Massachusetts 02109 

Attn: Christopher Egan and James Westra 
 Facsimile No.: (617) 951-0568 

  
 28 

 with a copy (which shall not constitute written notice) to: 

Weil, Gotshal & Manges LLP 
 100 Federal Street 
 Boston, Massachusetts 02110 

Attention: Marilyn French 
 Facsimile: (617) 772-8333 
 and, (y) in the case of any Key Individual
or the Sponsor Investors, to such party’s address appearing on the stock books of the Parent or to such other address as may be designated by such party in writing to the Parent. Any demand, notice or other communication given by personal
delivery shall be conclusively deemed to have been given on the day of actual delivery thereof and, if given by facsimile, on the day of transmittal thereof if given during the normal business hours of the recipient, and on the Business Day during
which such normal business hours next occur if not given during such hours on any day. 
 Section 7.11.
Severability. If any portion of this Agreement shall be declared void or unenforceable by any court or administrative body of competent jurisdiction, then, so long as no party is deprived of the benefits of this Agreement in any material
respect, such portion shall be deemed severable from the remainder of this Agreement, which shall continue in all respects valid and enforceable. 
 Section 7.12. Headings. The headings and subheadings in this Agreement are included for convenience and identification only and are in no way intended to describe, interpret, define or limit
the scope, extent or intent of this Agreement or any provision hereto. 
 Section 7.13. No Third Party
Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their permitted assigns and successors, and, except as provided in Section 7.9, nothing herein, express or implied, is
intended to or shall confer upon any other Person or entity, any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 
 Section 7.14. Recapitalizations; Exchanges, Etc. The provisions of this Agreement shall apply to the full extent set forth herein with respect to Shares, to any and all shares of capital stock
of the Parent or any successor or assign of the Parent (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for, or in substitution of the Shares, by reason of a stock dividend, stock split,
stock issuance, reverse stock split, combination, recapitalization, reclassification, merger, consolidation or otherwise. 

Section 7.15. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute a single instrument. Copies of executed counterparts transmitted by telecopy or other electronic transmission service shall be considered original executed counterparts for purposes of this
Section 7.15. 
 [The remainder of this page intentionally left blank] 

  
 29 

 IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be executed on its behalf as of the date first written above. 
  

					
	TRANSUNION HOLDING COMPANY, INC.
		
	By:	 	/s/ Sumit Rajpal
		 	Name:	 	Sumit Rajpal
		 	Title:	 	President

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 Solely with respect to Section 3.3, Section 3.4 and 

Articles IV and VII: 

 

					
	GS CAPITAL PARTNERS VI FUND, L.P.
		
	By:	 	 GSCP VI Advisors, L.L.C.
 its General Partner

		
	By:	 	/s/ Sumit Rajpal
		 	Name:	 	Sumit Rajpal
		 	Title:	 	Vice President

  

					
	GS CAPITAL PARTNERS VI PARALLEL, L.P.
		
	By:	 	 GS Advisors VI, L.L.C.
 its General Partner

		
	By:	 	/s/ Sumit Rajpal
		 	Name:	 	Sumit Rajpal
		 	Title:	 	Vice President

  

					
	SPARTANSHIELD HOLDINGS
		
	By:	 	 GS Capital Partners VI Offshore Fund, L.P.,
 its General Partner
 By: GSCP VI Offshore Advisors, L.L.C.,

its General Partner

		
	By:	 	/s/ Sumit Rajpal
		 	Name:	 	Sumit Rajpal
		 	Title:	 	Vice-President

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 Solely with respect to Section 3.3, Section 3.4 and 

Articles IV and VII: 

 

					
	 ADVENT-TRANSUNION ACQUISITION
 LIMITED PARTNERSHIP

	
	 By: Advent-TransUnion GP LLC,
 its General Partner

		
	By:	 	/s/ Michael Ristaino
		 	Name:	 	Michael Ristaino
		 	Title:	 	President

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	INITIAL KEY INDIVIDUALS:
	
	/s/ John W. Blenke
	Name:	 	John W. Blenke

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Samuel Allen Hamood
	Name:	 	Samuel Allen Hamood

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Jeffrey J. Hellinga
	Name:	 	Jeffrey J. Hellinga

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Andrew Knight
	Name:	 	Andrew Knight

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Mary K. Krupka
	Name:	 	Mary K. Krupka

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Mark W. Marinko
	Name:	 	Mark W. Marinko

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Siddharth N. Mehta
	Name:	 	Siddharth N. Mehta

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 
			
	/s/ Mohit Kapoor
	Name:	 	Mohit Kapoor

  

			
	Address:	 	 
	
	 
	
	 
	Telephone:	 	 
	Telecopy:	 	 

 SIGNATURE PAGE TO TRANSUNION STOCKHOLDERS’ AGREEMENT 

 EXHIBIT A 

FORM OF JOINDER TO STOCKHOLDERS’ AGREEMENT 
 This Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the “Joining Party”) in accordance with the Stockholders’
Agreement dated as of [                        ,
            ] (the “Stockholders’ Agreement”) among TransUnion Holding Company, Inc. and certain other persons named therein, as the same may be amended from
time to time. Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in the Stockholders’ Agreement. 
 The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party shall be deemed to be a party to and a “Stockholder” under the
Stockholders’ Agreement as of the date hereof and shall have all of the rights and obligations of the Stockholder from whom it has acquired Share Equivalents (to the extent permitted by the Stockholders’ Agreement) as if it had executed
the Stockholders’ Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Stockholders’ Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below. 

Date:                
        , 20         
  

					
	[NAME OF JOINING PARTY]
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	
		 	Address for Notices:	 	 
		
		 	 
		
		 	 

 AGREED ON THIS [            ] day of
[            ], 20            : 
  

					
	TRANSUNION HOLDING COMPANY, INC.
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 JOINDER TO TRANSUNION STOCKHOLDERS’ AGREEMENTRegistration Rights Agreement

Table of Contents

 Exhibit 10.5 
 EXECUTION VERSION 
  
  

 
 REGISTRATION
RIGHTS AGREEMENT 
 BY AND AMONG

 TRANSUNION HOLDING COMPANY, INC.

 AND THE STOCKHOLDERS OF
TRANSUNION HOLDING COMPANY, INC. SIGNATORIES HERETO 
  

 
  

Table of Contents

 TABLE OF CONTENTS 

 

							
	  	  	 	  	Page	 
			
	 Article I
	  	DEFINITIONS	  	 	1	  
			
	 Section 1.01.
	  	Defined Terms	  	 	1	  
			
	 Section 1.02.
	  	Other Interpretive Provisions	  	 	6	  
			
	 Article II
	  	REGISTRATION RIGHTS	  	 	6	  
			
	 Section 2.01.
	  	Demand Registration	  	 	6	  
			
	 Section 2.02.
	  	Shelf Registration	  	 	9	  
			
	 Section 2.03.
	  	Piggyback Registration	  	 	11	  
			
	 Section 2.04.
	  	Black-out Periods	  	 	12	  
			
	 Section 2.05.
	  	Registration Procedures	  	 	14	  
			
	 Section 2.06.
	  	Underwritten Offerings	  	 	19	  
			
	 Section 2.07.
	  	No Inconsistent Agreements; Additional Rights; Transfer Restrictions Under the Major Stockholders’ Agreement and Stockholders’ Agreement	  	 	21	  
			
	 Section 2.08.
	  	Registration Expenses	  	 	21	  
			
	 Section 2.09.
	  	Indemnification	  	 	22	  
			
	 Section 2.10.
	  	Rules 144 and 144A and Regulation S	  	 	25	  
			
	 Article III
	  	MISCELLANEOUS	  	 	25	  
			
	 Section 3.01.
	  	Term	  	 	25	  
			
	 Section 3.02.
	  	Existing Registration Statements	  	 	25	  
			
	 Section 3.03.
	  	Other Activities	  	 	26	  
			
	 Section 3.04.
	  	Injunctive Relief	  	 	26	  
			
	 Section 3.05.
	  	Attorneys’ Fees	  	 	26	  
			
	 Section 3.06.
	  	Notices	  	 	26	  
			
	 Section 3.07.
	  	Amendment	  	 	27	  
			
	 Section 3.08.
	  	Successors, Assigns and Transferees	  	 	27	  
			
	 Section 3.09.
	  	Binding Effect	  	 	28	  
			
	 Section 3.10.
	  	Third Parties	  	 	28	  
			
	 Section 3.11.
	  	Governing Law; Jurisdiction; Waiver of Jury Trial	  	 	28	  
			
	 Section 3.12.
	  	Severability	  	 	30	  
			
	 Section 3.13.
	  	Counterparts	  	 	30	  
			
	 Section 3.14.
	  	Headings	  	 	30	  

  
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 REGISTRATION RIGHTS AGREEMENT 

REGISTRATION RIGHTS AGREEMENT (the “Agreement”), dated as of April 30, 2012, by and among TransUnion Holding
Company, Inc., a Delaware corporation (together with its successors and assigns, the “Issuer”), the Advent Investors (as hereinafter defined), the GS Investors (as hereinafter defined, and together with the Advent Investors, the
“Investors”), the other signatories hereto who execute an agreement to bound to this Agreement in the form of Exhibit A hereto (together with their respective Permitted Transferees (as defined in the Management
Stockholders’ Agreement), the “Key Individuals”) and any other Person who becomes a party hereto. 

WITNESSETH: 

WHEREAS, the Holders (as defined below) own Registrable Securities (as defined below); and 

WHEREAS, the parties desire to set forth certain registration rights applicable to the Registrable Securities. 

NOW, THEREFORE, in consideration of the foregoing and the mutual promises, covenants and agreements of the parties hereto, and for other
good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 

SECTION 1.01. Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“AAA” has the meaning set forth in Section 3.11(b)(i). 

“Advent Holder” means any holder of Registrable Securities that is an Affiliate of Advent International Corp.

 “Advent Investor” means Advent-TransUnion Acquisition Limited Partnership. 

“Adverse Disclosure” means public disclosure of material non-public information that, in the Board’s good faith
judgment, after consultation with independent outside counsel to the Issuer, (i) would be required to be made in any Registration Statement or report filed with the SEC by the Issuer to make such Registration Statement or report not materially
misleading; (ii) would not be required to be made at or prior to the time of filing of such Registration Statement or report but for the filing of such Registration Statement or report; and (iii) the Issuer has a bona fide
business purpose for not disclosing publicly. 

  
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 “Affiliate” has the meaning specified in Rule 12b-2 under the Exchange Act;
provided, that no Holder shall be deemed an Affiliate of the Issuer or any of its subsidiaries for purposes of this Agreement. 
 “Agreement” has the meaning set forth in the Preamble. 

“Automatic Shelf Registration Statement” has the meaning set forth in Section 2.02(a). 

“Board” means the board of directors of the Issuer. 

“Business Day” means any day other than a Saturday, Sunday or a day on which commercial banks located in New York, New
York are required or authorized by law to be closed. 
 “Claim” has the meaning set forth in
Section 3.11(b)(ii). 
 “Common Share Equivalents” means securities (including, without limitation,
warrants) exercisable, exchangeable or convertible into Common Shares. 
 “Common Shares” means the shares of
common stock of the Issuer, and any securities into which such shares of common stock shall have been changed or any securities resulting from any reclassification or recapitalization of such shares of common stock. 

“Demand Notice” has the meaning set forth in Section 2.01(e). 

“Demand Period” has the meaning set forth in Section 2.01(d). 

“Demand Registration” has the meaning set forth in Section 2.01(a)(i). 

“Demand Registration Statement” has the meaning set forth in Section 2.01(a)(ii). 

“Demand Suspension” has the meaning set forth in Section 2.01(f). 

“Demanding Investor” has the meaning set forth in Section 2.01(a)(i). 

“Dispute” has the meaning set forth in Section 3.11(b)(i). 

“Effectiveness Date” means the date on which Holders are no longer subject to any underwriter’s lock-up or other
similar contractual restriction on the sale of Registrable Securities (excluding, for the avoidance of doubt, the Major Stockholders’ Agreement and the Stockholders’ Agreement) in connection with the Issuer’s IPO. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and any successor thereto, and any rules and
regulations promulgated thereunder, all as the same shall be in effect from time to time. 
 “FINRA” means the
Financial Industry Regulatory Authority. 

  
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 “GS Holder” means any holder of Registrable Securities that is an Affiliate
of Goldman, Sachs & Co. 
 “GS Investor” means GS Capital Partners VI Fund, L.P., GS Capital Partners
VI Parallel, L.P., Spartan Shield Holdings, GS Capital Partners Offshore Fund, L.P., GS Capital Partners VI GmbH & Co. KG, MBD 2011 Holding, L.P. and Opportunity Partners Offshore-B Co-Invest AIV, L.P. 

“Holder” means any GS Holder, any Advent Holder, the Key Individuals or any other holder of Registrable Securities who
is a party hereto or who succeeds to rights hereunder pursuant to Section 3.08. 
 “Initial Public
Offering” or “IPO” means the first Public Offering. 
 “Investors” has the meaning
set forth in the Preamble. 
 “Issuer” has the meaning set forth in the Preamble. 

“Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule 433 under the Securities
Act, relating to an offering of the Registrable Securities. 
 “Issuer Public Sale” has the meaning set forth
in Section 2.03(a). 
 “Issuer Shares” means Common Shares and Common Share Equivalents.

 “Key Individual” has the meaning set forth in the Preamble. 

“Long-Form Registration Statement” has the meaning set forth in Section 2.01(a)(i). 

“Loss” or “Losses” has the meaning set forth in Section 2.09(a). 

“Material Adverse Change” means (a) any general suspension of trading in, or limitation on prices for, securities
on any national securities exchange or in the over-the-counter market in the United States; (b) the declaration of a banking moratorium or any suspension of payments in respect of banks in the United States; (c) a material outbreak or
escalation of armed hostilities or other international or national calamity involving the United States or the declaration by the United States of a national emergency or war or a change in national or international financial, political or economic
conditions; and (d) any event, change, circumstance or effect that is or is reasonably likely to be materially adverse to the business, properties, assets, liabilities, condition (financial or otherwise), operations, results of operations or
prospects of the Issuer and its subsidiaries taken as a whole. 
 “Major Stockholders’ Agreement” means
the Major Stockholders’ Agreement, dated as of the date hereof, among the Issuer and the Investors, as the same may be amended from time to time in accordance with the terms thereof. 

  
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 “Participating Holder” means, with respect to any Registration, any Holder
of Registrable Securities covered by the applicable Registration Statement. 
 “Permitted Transferees” has the
meaning set forth in Section 3.08. 
 “Person” means an individual, partnership, corporation,
business trust, joint stock company, trust, unincorporated association, joint venture, limited liability company or any other entity of whatever nature, and shall include any successor (by merger or otherwise) of such entity. 

“Piggyback Registration” has the meaning set forth in Section 2.03(a). 

“Prospectus” means the prospectus included in any Registration Statement, all amendments and supplements to such
prospectus, including pre- and post-effective amendments to such Registration Statement, and all other material incorporated by reference in such prospectus. 
 “Public Offering” means any public offering and sale of equity securities of the Parent or the Company or any successor to the Company for cash pursuant to an effective registration
statement (other than on Form S-4, S-8 or a comparable form) under the Securities Act. 
 “Registrable
Securities” means any Issuer Shares held by any Holder and any securities held by any Holder that may be issued or distributed or be issuable in respect of any Issuer Shares by way of conversion, dividend, stock split or other distribution,
merger, consolidation, exchange, recapitalization or reclassification or similar transaction; provided, that any such Registrable Securities shall cease to be Registrable Securities to the extent (a) a Registration Statement with respect
to the sale of such Registrable Securities has become effective under the Securities Act and such Registrable Securities have been disposed of in accordance with the plan of distribution set forth in such Registration Statement; (b) such
Registrable Securities have been sold pursuant to Rule 144 under the Securities Act (or any similar or analogous rule promulgated under the Securities Act); (c) such Registrable Securities shall have been otherwise transferred and new
certificates for them not bearing a legend restricting transfer under the Securities Act shall have been delivered by the Issuer and such securities may be publicly resold without Registration under the Securities Act; or (d) with respect to
Registrable Securities held by an Investor, the Holder thereof, together with its Affiliates, beneficially owns less than 2% (two percent) of the Registrable Securities that are outstanding at such time and such Holder and its Affiliates are able to
dispose of all of their Registrable Securities in any 90-day period pursuant to Rule 144 (or any similar or analogous rule promulgated under the Securities Act). 
 “Registration” means a registration with the SEC of the Issuer’s securities for offer and sale to the public under a Registration Statement. The terms “Register” and
“Registered” shall have a correlative meaning. 
 “Registration Expenses” has the meaning set
forth in Section 2.08. 

  
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 “Registration Statement” means any registration statement of the Issuer
filed with, or to be filed with, the SEC under the rules and regulations promulgated under the Securities Act, including the related Prospectus, amendments and supplements to such registration statement, including pre- and post-effective amendments,
and all exhibits and all material incorporated by reference in such registration statement. 

“Representatives” means, with respect to any Person, any of such Person’s officers, directors, employees, agents,
attorneys, accountants, actuaries, consultants, equity financing partners or financial advisors or other Person associated with, or acting on behalf of, such Person. 
 “Request for Arbitration” has the meaning set forth in Section 3.11(b)(i). 
 “Requisite Consent” has the meaning set forth in the Major Stockholders’ Agreement. 
 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and any successor thereto, and any rules and regulations
promulgated thereunder, all as the same shall be in effect from time to time. 
 “Shelf Notice” has the meaning
set forth in Section 2.02(c). 
 “Shelf Period” has the meaning set forth in
Section 2.02(b). 
 “Shelf Registration” means a Registration effected pursuant to
Section 2.02. 
 “Shelf Registration Statement” means a Registration Statement of the Issuer filed
with the SEC on either (i) Form S-3 (or any successor form or other appropriate form under the Securities Act) (including an Automatic Shelf Registration Statement for a “well-known seasoned issuer” as defined in Rule 405 under the
Securities Act) or (ii) if the Issuer is not permitted to file a Registration Statement on Form S-3, an evergreen Registration Statement on Form S-1 (or any successor form or other appropriate form under the Securities Act), in each case for an
offering to be made on a continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may be adopted by the SEC) covering the Registrable Securities, as applicable. 

“Shelf Suspension” has the meaning set forth in Section 2.02(d). 

“Short-Form Registration Statement” has the meaning set forth in Section 2.01(a)(i). 

“Stockholders’ Agreement” means the Stockholders’ Agreement, dated as of the date hereof, among the Issuer and
the other signatories party thereto, as the same may be amended from time to time in accordance with the terms thereof. 

  
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 “Underwritten Offering” means a Registration in which securities of the
Issuer are sold to an underwriter or underwriters on a firm commitment basis for reoffering to the public. 

“WKSI” has the meaning set forth in Section 2.02(a). 

SECTION 1.02. Other Interpretive Provisions. (a) The meanings of defined terms are equally applicable to the singular
and plural forms thereof. 
 (b) The words “hereof”, “herein”, “hereunder”
and similar words refer to this Agreement as a whole and not to any particular provision of this Agreement; and any subsection, Section, Exhibit, Schedule and Annex references are to this Agreement unless otherwise specified. 

(c) The term “including” is not limiting and means “including without limitation.” 

(d) The captions and headings of this Agreement are for convenience of reference only and shall not affect the interpretation of this
Agreement. 
 (e) Whenever the context requires, any pronouns used herein shall include the corresponding masculine, feminine or
neuter forms. 
 ARTICLE II 
 REGISTRATION RIGHTS 
 SECTION 2.01. Demand Registration. 

(a) Demand by the Investors. 
 (i) If, at any time after the Effectiveness Date, there is no currently effective Shelf Registration Statement on file with the SEC then, except as provided in Section 2.02(a), (x) an
Investor or Investors holding, directly or indirectly, together with their respective Affiliates in the aggregate, not less than ten percent (10%) of the Registrable Securities then outstanding may make a written request to the Issuer for
Registration (specifying that such request is being made pursuant to this Section 2.01(a)) of all or part of the Registrable Securities held by such Investor on Form S-1 or any similar long-form Registration Statement (a
“Long-Form Registration Statement”), or (y) any Investor may make a written request to the Issuer for Registration of all or part of the Registrable Securities held by such Investor on Form S-3 or any similar short-form
Registration Statement (a “Short-Form Registration Statement”) if the Issuer is qualified to use such short form. Any such requested Long-Form Registration or Short-Form Registration shall hereinafter be referred to as a
“Demand Registration,” and any Investor requesting such Demand Registration shall hereinafter be referred to as a “Demanding Investor.” Each request for a Demand Registration shall specify the kind and aggregate
amount of Registrable Securities to be Registered and the intended methods of disposition thereof. 

  
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 (ii) Within (i) ninety (90) days in the case of a request for a Long-Form
Registration or (ii) thirty (30) days in the case of a request for a Short-Form Registration, the Issuer shall file a Registration Statement relating to such Demand Registration (a “Demand Registration Statement”), and
shall use its reasonable best efforts to cause such Demand Registration Statement to promptly become effective under the Securities Act and to qualify under the “Blue Sky” laws of such jurisdictions as any Participating Holder or any
underwriter, if any, reasonably requests. 
 (b) Limitation on Demand Registrations. The Demanding Investors shall have
the right to request an unlimited number of Long-Form Registrations and Short-Form Registrations. Notwithstanding the foregoing, (i) each of the Advent Investors, on the one hand, and the GS Investors, on the other hand, may request no more
than two (2) Demand Registrations in any one hundred eighty (180)-day period without Requisite Consent, and (ii) in no event shall the Issuer be required to effect more than four (4) Demand Registrations in any twelve (12)-month
period. Any Demand Registration requested must be for a firm Underwritten Offering of Registrable Securities with an expected value of at least $10,000,000. 
 (c) Demand Withdrawal. A Demanding Investor and any other Holder that has requested its Registrable Securities be included in a Demand Registration pursuant to Section 2.01(e) may
withdraw all or any portion of its Registrable Securities included in a Demand Registration from a Demand Registration at any time prior to the effectiveness of the applicable Demand Registration Statement. Upon receipt of a notice to such effect
from the Demanding Investor with respect to all of the Registrable Securities included by such Investor in such Demand Registration, the Issuer shall cease all efforts to secure effectiveness of the applicable Demand Registration Statement and such
Registration nonetheless shall be deemed a Demand Registration with respect to the Demanding Investor for purposes of Section 2.01(b) unless (i) the withdrawing Demanding Investor shall have paid or reimbursed the Issuer for its
pro rata share of all reasonable and documented out-of-pocket fees and expenses incurred by the Issuer in connection with the Registration of such Demanding Investor’s withdrawn Registrable Securities (based on the number of
securities the Demanding Investor sought to Register, as compared to the total number of securities included on such Demand Registration Statement) or (ii) the withdrawal is made following the occurrence of a Material Adverse Change or because
the Registration would require the Issuer to make an Adverse Disclosure. 
 (d) Effective Registration. The Issuer shall
be deemed to have effected a Demand Registration if the Demand Registration Statement has become effective and remains effective for not less than one hundred eighty (180) days (or such shorter period as shall terminate when all Registrable
Securities covered by such Demand Registration Statement have been sold or withdrawn), or if such Registration Statement relates to an Underwritten Offering, such longer period as, in the opinion of counsel for the underwriter or underwriters, a
Prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer (the applicable period, the “Demand Period”). No Demand Registration shall be deemed to have been effected
if (i) during the Demand Period such Registration is interfered with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court or (ii) the conditions to closing specified in the
underwriting agreement, if any, entered into in connection with such Registration are not satisfied other than by reason of a wrongful act, misrepresentation or breach of such applicable underwriting agreement by the Demanding Investor. 

  
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 (e) Demand Notice. Promptly upon receipt of any request for a Demand Registration
pursuant to Section 2.01(a)(i) (but in no event more than five (5) Business Days thereafter), the Issuer shall deliver a written notice (a “Demand Notice”) of any such Registration request to all other Holders, and
subject to Sections 2.01(f) and 2.01(h), the Issuer shall include in such Demand Registration all such Registrable Securities with respect to which the Issuer has received written requests for inclusion therein within ten
(10) Business Days after the date that the Demand Notice has been delivered. All requests made pursuant to this Section 2.01(e) shall specify the aggregate amount of Registrable Securities to be Registered and the intended method of
distribution of such securities. 
 (f) Delay in Filing; Suspension of Registration. If the filing, initial effectiveness
or continued use of a Demand Registration Statement at any time would require the Issuer to make an Adverse Disclosure, the Issuer may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or
suspend use of, the Demand Registration Statement (a “Demand Suspension”); provided, that the Issuer shall not be permitted to exercise a Demand Suspension or Shelf Suspension (as defined in Section 2.02(d))
(i) more than once during any twelve (12)-month period or (ii) for a period exceeding thirty (30) days on any one occasion. In the case of a Demand Suspension, the Holders agree to suspend use of the applicable Prospectus and any
Issuer Free Writing Prospectuses in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Issuer shall immediately notify the Holders upon the termination of any
Demand Suspension, amend or supplement the Prospectus or any Issuer Free Writing Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or
supplemented or any Issuer Free Writing Prospectus as the Holders may reasonably request. The Issuer shall, if necessary, supplement or make amendments to the Demand Registration Statement, if required by the registration form used by the Issuer for
the Demand 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 Demanding Investor. 

(g) Underwritten Offering. If a Demanding Investor so requests, an offering of Registrable Securities pursuant to a Demand
Registration shall be in the form of an Underwritten Offering, and such Demanding Investor shall have the right to select the managing underwriter or underwriters to administer the offering; provided, that such managing underwriter or
underwriters shall be reasonably acceptable to the Issuer and the other Investor. 
 (h) Priority of Securities Registered
Pursuant to Demand Registrations. If the managing underwriter or underwriters of a proposed Underwritten Offering of the Registrable Securities included in a Demand Registration (or, in the case of a Demand Registration not being underwritten,
the Demanding Investors), advise the Board in writing that, in its or their reasonable opinion, the number of securities requested to be included in such Demand 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 

  
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market for the securities offered, the securities to be included in such Demand Registration shall be allocated, (i) first, pro rata among the GS Holders, the Advent Holders
(in each case, including any Demanding Investor) and the Key Individuals that have requested to participate in such Demand Registration based on the relative number of Registrable Securities then held by each such GS Holder, Advent Holder and/or Key
Individuals, (ii) second, pro rata among the other Holders that have requested to participate in such Demand Registration based on the relative number of Registrable Securities then held by each such other Holder; provided,
that any securities thereby allocated to a Holder that exceed such Holder’s request shall be reallocated among the remaining requesting Holders in like manner, and (iii) third, and only if all the securities referred to in clauses
(i) and (ii) have been included, the number of securities that the Issuer proposes to include in such Registration that, in the opinion of the managing underwriter or underwriters (or the Investors, as the case may be) can be sold without
having such adverse effect. 
 (i) In the event any Holder requests to participate in a Registration pursuant to this
Section 2.01 in connection with a distribution of Registrable Securities to its partners or members, the Registration shall provide for resale by such partners or members, if requested by the Holder. 

SECTION 2.02. Shelf Registration. 
 (a) Filing. After the Effectiveness Date, as promptly as practicable following the earlier of (A) a request by an Investor or Investors holding, directly or indirectly, together with their
respective Affiliates in the aggregate, not less than ten percent (10%) of the Registrable Securities then outstanding or (B) the date upon which the Issuer becomes a well-known seasoned issuer (as defined in Rule 405 under the
Securities Act) (a “WKSI”), the Issuer shall file with the SEC a Shelf Registration Statement, which, for the avoidance of doubt, would be an automatic shelf registration statement (as defined in Rule 405 under the Securities Act)
(an “Automatic Shelf Registration Statement”) for a WKSI in the case of clause (B), relating to the offer and sale of all Registrable Securities by the Holders 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 reasonable best efforts to cause such Shelf Registration Statement to become effective under the Securities Act. If, on the
date of any such request, the Issuer does not qualify to file a Shelf Registration Statement under the Securities Act, the provisions of this Section 2.02 shall not apply, and the provisions of Section 2.01 shall apply
instead. 
 (b) Continued Effectiveness. The Issuer shall use its reasonable best efforts to keep such 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 or another Registration Statement filed under the Securities Act (but in no event prior to the applicable period referred to in Section 4(3) of the Securities Act and Rule 174 thereunder) 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 limitation or other restrictions on transfer thereunder (such period of effectiveness, the
“Shelf Period”). 

  
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Subject to Section 2.02(d), the Issuer shall not be deemed to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf Period if the
Issuer voluntarily takes any action or omits to take any action that would result in Holders of Registrable Securities covered thereby not being able to offer and sell any Registrable Securities pursuant to such Shelf Registration Statement during
the Shelf Period, unless such action or omission is required by applicable law. The Issuer shall use its reasonable best efforts to remain a WKSI (and not become an ineligible issuer (as defined in Rule 405 under the Securities Act)) during the
period during which an Automatic Shelf Registration Statement is required to remain effective. If the Issuer does not pay the filing fee covering the Registrable Securities at the time the Automatic Shelf Registration Statement is filed, the Issuer
agrees to pay such fee at such time or times as the Registrable Securities are to be sold. If the Automatic Shelf Registration Statement has been outstanding for at least three (3) years, at the end of the third year the Issuer shall refile an
Automatic Shelf Registration Statement covering the Registrable Securities. If at any time when the Issuer is required to re-evaluate its WKSI status the Issuer determines that it is not a WKSI, the Issuer shall use its reasonable best efforts to
refile the Shelf Registration Statement on Form S-3 and, if such form is not available, Form S-1 and keep such registration statement effective during the period during which such registration statement is required to be kept effective. 

(c) Shelf Notice. Promptly upon receipt of any request to file a Shelf Registration Statement (but in no event more than five
(5) Business Days thereafter), the Issuer shall deliver a written notice (a “Shelf Notice”) of any such request to all other Holders specifying the amount of Registrable Securities to be Registered. 

(d) Suspension of Registration. If the continued use of such Shelf Registration Statement at any time would require the Issuer to
make an Adverse Disclosure, the Issuer may, upon giving at least ten (10) days’ prior written notice of such action to the Holders, suspend use of the Shelf Registration Statement (a “Shelf Suspension”); provided,
that the Issuer shall not be permitted to exercise a Shelf Suspension or Demand Suspension (i) more than one time during any twelve (12)-month period, or (ii) for a period exceeding thirty (30) days on any one occasion. In the case of
a Shelf Suspension, the Holders agree to suspend use of the applicable Prospectus and any Issuer Free Writing Prospectuses in connection with any sale or purchase of, or offer to sell or purchase, Registrable Securities, upon receipt of the notice
referred to above. The Issuer shall immediately notify the Holders upon the termination of any Shelf Suspension, amend or supplement the Prospectus or any Issuer Free Writing Prospectus, if necessary, so it does not contain any untrue statement or
omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented or any Issuer Free Writing Prospectus as the Holders may reasonably request. The Issuer shall, if necessary, supplement or make amendments to
the Shelf Registration Statement, if required by the registration form used by the Issuer for the Shelf 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 Investors. 
 (e) Underwritten Offering. If an Investor or Investors
holding, directly or indirectly, together with their respective Affiliates in the aggregate, not less than five percent (5%) of the Registrable Securities then outstanding so elect, an offering of Registrable Securities

  
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pursuant to the Shelf Registration Statement shall be in the form of an Underwritten Offering, and the Issuer shall amend or supplement the Shelf Registration Statement for such purpose, such
Investor shall have the right to select the managing underwriter or underwriters to administer such offering; provided, that such managing underwriter or underwriters shall be reasonably acceptable to the Issuer and the other Investors. The
provisions of Section 2.01(h) shall apply to any underwritten offering pursuant to this Section 2.02(e). 
 SECTION 2.03. Piggyback Registration. 
 (a) Participation.
Subject to Section 2.03(e), if the Issuer at any time proposes to file a Registration Statement under the Securities Act with respect to any offering of its equity securities for its own account or for the account of any other Persons (other
than (i) a Registration under Section 2.01 or Section 2.02; (ii) a Registration on Form S-4 or S-8 or any successor form to such Forms; or (iii) a Registration of securities solely relating to an offering and
sale to employees or directors of the Issuer pursuant to any employee stock plan or other employee benefit plan arrangement) (an “Issuer Public Sale”), then, as soon as practicable (but in no event less than forty-five
(45) days prior to the proposed date of filing of such Registration Statement), the Issuer shall give written notice of such proposed filing to the Holders, and such notice shall offer the Holders the opportunity to Register under such
Registration Statement such number of Registrable Securities as each such Holder may request in writing (a “Piggyback Registration”), and the Board shall have the right to select the managing underwriter or underwriters to
administer such offering if this is a primary offering initiated by the Issuer (and not a Demanding Investor). Subject to Section 2.03(b), the Issuer shall include in such Registration Statement all such Registrable Securities that are
requested to be included therein within fifteen (15) days after the receipt by such Holders of any such notice; provided, that if at any time after giving written notice of its intention to Register any securities and prior to the
effective date of the Registration Statement filed in connection with such Registration, the Issuer shall determine for any reason not to Register or to delay Registration of such securities, the Issuer shall give written notice of such
determination to each Holder and, thereupon, (i) in the case of a determination not to Register, shall be relieved of its obligation to Register any Registrable Securities in connection with such Registration (but not from its obligation to pay
the Registration Expenses in connection therewith), without prejudice, however, to the rights of the Investors to request that such Registration be effected as a Demand Registration under Section 2.01, and (ii) in the case of a
determination to delay Registering, in the absence of a request for a Demand Registration, shall be permitted to delay Registering any Registrable Securities, for the same period as the delay in Registering such other securities. If the offering
pursuant to such Registration Statement is to be underwritten, then each Holder making a request for a Piggyback Registration pursuant to this Section 2.03(a) must, and the Issuer shall make such arrangements with the managing
underwriter or underwriters so that each such Holder may, participate in such Underwritten Offering. If the offering pursuant to such Registration Statement is to be on any other basis, then each Holder making a request for a Piggyback Registration
pursuant to this Section 2.03(a) must, and the Issuer shall make such arrangements so that each such Holder may, participate in such offering on such basis. 

  
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 (b) Priority of Piggyback Registration. If the managing underwriter or underwriters
of any proposed Underwritten Offering of Registrable Securities included in a Piggyback Registration informs the Issuer and the Holders of Registrable Securities in writing that, in its or their opinion, the number of securities which such Holders
and any other Persons intend to include in such 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 securities to be included in such Registration shall be (i) allocated in accordance with Section 2.01(h) if such Registration was initiated pursuant to Section 2.01 or (ii) (A) first, 100% of
the securities proposed to be sold in such Registration by the Issuer, (B) second, and only if all the securities referred to in clause (ii)(A) have been included, the number of Registrable Securities that, in the opinion of such managing
underwriter or underwriters, can be sold without having such adverse effect, with such number to be allocated pro rata among the GS Holders, the Advent Holders and (subject to Section 2.03(e)) the Key Individuals that have
requested to participate in such Registration based on the relative number of Registrable Securities then held by each such Holder; provided, that any securities thereby allocated to a Holder that exceed such Holder’s request shall be
reallocated among such remaining requesting Holders in like manner, and (C) third, only if all of the Registrable Securities referred to in clause (ii)(B) have been included in such Registration, any other securities eligible for inclusion in
such Registration. 
 (c) Withdrawal. Any Holder shall have the right to withdraw all or part of its request for
inclusion of its Registrable Securities in a Piggyback Registration by giving written notice to the Issuer of its request to withdraw; provided, that (i) such request must be made in writing prior to the effectiveness of such
Registration Statement and (ii) such withdrawal shall be irrevocable and, after making such withdrawal, a Holder shall no longer have any right to include Registrable Securities in the Piggyback Registration as to which such withdrawal was
made. 
 (d) No Effect on Demand Registrations. No Registration of Registrable Securities effected pursuant to a request
under this Section 2.03 shall be deemed to have been effected pursuant to Section 2.01 and Section 2.02 or shall relieve the Issuer of its obligations under Section 2.01 or Section 2.02.

 (e) Limitation on Piggyback Rights of Key Individuals. Notwithstanding anything to the contrary in this Agreement, if
the managing underwriter determines that the participation of any of the Key Individuals in a proposed Underwritten Offering pursuant to this Section 2.03 would reasonably be expected to be harmful to such offering (including with respect to
any of the price, timing, distribution or anticipated demand in respect of such offerings), then such Key Individuals (s) may not participate in such offering and shall not be entitled to exercise their rights under this Section 2.03 to
effect a Piggyback Registration. 
 SECTION 2.04. Black-out Periods. 

(a) Black-out Periods for Holders. In the event of an Issuer Public Sale of the Issuer’s equity securities in an Underwritten
Offering, the Holders agree, if requested by the managing underwriter or underwriters in such Underwritten Offering, not to effect any public sale or distribution of any Registrable Securities (except, in each case, as part of the applicable
Registration, if permitted) that are the same as or similar to those being Registered in connection with such Issuer Public Sale, or any securities convertible into or exchangeable or exercisable for Registrable Securities, during the period
beginning seven (7) days before and ending one 

  
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hundred eighty (180) days (in the event of the Issuer’s IPO) or ninety (90) days (in the event of any other Issuer Public Sale) (or, in either case, such lesser period as may be
permitted for all Holders by the Issuer or such managing underwriter or underwriters) after the effective date of the Registration Statement filed in connection with such Registration to the extent timely notified in writing by the Issuer or the
managing underwriter or underwriters; provided, that such restrictions shall not apply to (i) securities acquired in the public market subsequent to the IPO, (ii) distributions-in-kind to a Holder’s partners or members and
(iii) transfers to Affiliates or Permitted Transferees but only if such Affiliates or Permitted Transferees agree to be bound by the restrictions herein. 
 (b) Black-out Period for the Issuer and Others. In the case of a Registration of Registrable Securities pursuant to Section 2.01 or Section 2.02 for an Underwritten
Offering, the Issuer and the Holders agree, if requested by the Investors or the managing underwriter or underwriters with respect to such Registration, not to effect any public sale or distribution of any securities that are the same as or similar
to those being Registered, or any securities convertible into or exchangeable or exercisable for such securities, during the period beginning seven (7) days before and ending ninety (90) days (or such lesser period as may be permitted for
the Issuer and all Holders by the Investors or such managing underwriter or underwriters) after the effective date of the Registration Statement filed in connection with such Registration (or, in the case of an offering under a Shelf Registration
Statement, the date of the closing under the underwriting agreement in connection therewith), to the extent timely notified in writing by the Investors or the managing underwriter or underwriters. Notwithstanding the foregoing, the Issuer may effect
a public sale or distribution of securities of the type described above and during the periods described above if such sale or distribution is made pursuant to Registrations on Form S-4 or S-8 or any successor form to such Forms or as part of any
Registration of securities for offering and sale to employees or directors of the Issuer pursuant to any employee stock plan or other employee benefit plan arrangement. The Issuer agrees to use its reasonable best efforts to obtain from each holder
of restricted securities of the Issuer which securities are the same as or similar to the Registrable Securities being Registered, or any restricted securities convertible into or exchangeable or exercisable for any of such securities, an agreement
not to effect any public sale or distribution of such securities during any such period referred to in this paragraph, except as part of any such Registration, if permitted. Without limiting the foregoing (but subject to Section 2.07),
if after the date hereof the Issuer grants any Person (other than a Holder) any rights to demand or participate in a Registration, the Issuer agrees that the agreement with respect thereto shall include such Person’s agreement to comply with
any black-out period required by this Section as if it were a Holder hereunder. 

  
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 SECTION 2.05. Registration Procedures. 

(a) In connection with the Issuer’s Registration obligations under Section 2.01, Section 2.02 and
Section 2.03, the Issuer shall use its reasonable best efforts to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of distribution thereof as expeditiously as
reasonably practicable, and in connection therewith the Issuer shall: 
 (i) prepare the required Registration
Statement including all exhibits and financial statements required under the Securities Act to be filed therewith, and before filing a Registration Statement, Prospectus or any Issuer Free Writing Prospectus, or any amendments or supplements
thereto, (x) furnish to the underwriters, if any, and to Participating Holders, copies of all documents prepared to be filed, which documents shall be subject to the review of such underwriters and such Holders and their respective counsel and
(y) except in the case of a Registration under Section 2.03, not file any Registration Statement, Prospectus or any Issuer Free Writing Prospectus or amendments or supplements thereto to which the Investors or the underwriters, if
any, shall reasonably object; 
 (ii) as soon as reasonably practicable (but in no event later than thirty
(30) days after a request for a Demand Registration or Shelf Registration on Form S-3 or ninety (90) days after a request for a Demand Registration or Shelf Registration on Form S-1) file with the SEC a Registration Statement relating to
the Registrable Securities, including all exhibits and financial statements required by the SEC to be filed therewith, and use its reasonable best efforts to cause such Registration Statement to become effective under the Securities Act as soon as
practicable; 
 (iii) prepare and file with the SEC such pre- and post-effective amendments to such Registration
Statement, supplements or amendments to the Prospectus or any Issuer Free Writing Prospectus as may be (x) reasonably requested by a participating Investor, (y) reasonably requested by any other Participating Holder (to the extent such
request relates to information relating to such Holder), or (z) necessary to keep such Registration effective for the period of time required by this Agreement, and comply with provisions of the applicable securities laws with respect to the
sale or other disposition of all securities covered by such Registration Statement during such period in accordance with the intended method or methods of disposition by the sellers thereof set forth in such Registration Statement; 

(iv) notify the Participating Holders and the managing underwriter or underwriters, if any, and (if requested) confirm
such advice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by the Issuer (a) when the applicable Registration Statement or any amendment thereto has been filed or
becomes effective, and when the applicable Prospectus, any amendment or supplement to such Prospectus, any Issuer Free Writing Prospectus or any amendment or supplement to such Issuer Free Writing Prospectus has been filed, (b) of any written
comments by the SEC or any request by the SEC or any other federal or state governmental authority for amendments or supplements to such Registration Statement, such Prospectus, such Issuer Free Writing Prospectus or for additional information,
(c) of the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or any order by the SEC or any other regulatory authority preventing or suspending the use of any preliminary or final Prospectus or
the initiation or threatening of any proceedings for such purposes, (d) if, at any time, the representations and warranties of the Issuer in any applicable underwriting agreement cease to be true and correct in all material respects, and
(e) of the receipt by the Issuer of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose;

  
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 (v) promptly notify the Participating Holders and the managing underwriter
or underwriters, if any, when the Issuer becomes aware of the happening of any event as a result of which the applicable Registration Statement, Prospectus (as then in effect) or any Issuer Free Writing Prospectus contains any untrue statement of a
material fact or, when taken together with the related Prospectus, omits to state a material fact necessary to make the statements therein (in the case of such Prospectus, any preliminary Prospectus or Issuer Free Writing Prospectus, in light of the
circumstances under which they were made) not misleading, when any Issuer Free Writing Prospectus includes information that may conflict with the information contained in the Registration Statement, or, if for any other reason it shall be necessary
during such time period to amend or supplement such Registration Statement, Prospectus or Issuer Free Writing Prospectus in order to comply with the Securities Act and, in either case as promptly as reasonably practicable thereafter, prepare and
file with the SEC, and furnish without charge to the Participating Holders and the managing underwriter or underwriters, if any, an amendment or supplement to such Registration Statement, Prospectus or Issuer Free Writing Prospectus which shall
correct such misstatement or omission or effect such compliance; 
 (vi) use its reasonable best efforts to
prevent, or obtain the withdrawal of, any stop order or other order or notice preventing or suspending the use of any preliminary or final Prospectus or any Issuer Free Writing Prospectus; 

(vii) promptly incorporate in a Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment such
information as the managing underwriter or underwriters and the Investors agree should be included therein relating to the plan of distribution with respect to such Registrable Securities; and make all required filings of such Prospectus supplement,
Issuer Free Writing Prospectus or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment;

 (viii) furnish to each Participating Holder and each underwriter, if any, without charge, as many conformed
copies as such Holder or underwriter may reasonably request of the applicable Registration Statement and any amendment or post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference
and all exhibits (including those incorporated by reference); 
 (ix) deliver to each Participating Holder and
each underwriter, if any, without charge, as many copies of the applicable Prospectus (including each preliminary Prospectus) and any amendment or supplement thereto, each Issuer Free Writing Prospectus and such other documents as such Holder or
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or underwriter, it being understood that the Issuer consents to the use of such Prospectus or any Issuer Free Writing Prospectus or any amendment or supplement thereto by such Holder and the
underwriters, if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto or Issuer Free Writing Prospectus; 

(x) on or prior to the date on which the applicable Registration Statement becomes effective, use its reasonable best
efforts to Register or qualify, and cooperate with the Participating Holders, the managing underwriter or underwriters, if any, and their respective counsel, in connection with the Registration or qualification of such Registrable Securities for
offer and sale under the securities or “Blue Sky” laws of each state and other jurisdiction of the United States as any Participating Holder or managing underwriter or underwriters, if any, or their respective counsel reasonably request in
writing and do any and all other acts or things reasonably necessary or advisable to keep such Registration or qualification in effect for such period as required by Section 2.01(d) or Section 2.02(b), whichever is
applicable; provided, that the Issuer shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action which would subject it to taxation or general service of process in
any such jurisdiction where it is not then so subject; 
 (xi) cooperate with the Participating Holders and the
managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in
such denominations and registered in such names as the managing underwriters may request at least two business days prior to any sale of Registrable Securities to the underwriters; 

(xii) use its reasonable best efforts to cause the Registrable Securities covered by the applicable Registration Statement
to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable
Securities; 
 (xiii) not later than the effective date of the applicable Registration Statement, provide a CUSIP
number for all Registrable Securities and provide the applicable transfer agent with printed certificates for the Registrable Securities which are in a form eligible for deposit with The Depository Trust Company; 

(xiv) make such representations and warranties to the Participating Holders and the underwriters or agents, if any, in
form, substance and scope as are customarily made by issuers in secondary underwritten public offerings; 
 (xv)
enter into such customary agreements (including underwriting and indemnification agreements) and take all such other actions as the Investors or the managing underwriter or underwriters, if any, reasonably request in order to expedite or facilitate
the Registration and disposition of such Registrable Securities; 

  
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 (xvi) obtain for delivery to the Participating Holders and to the
underwriter or underwriters, if any, an opinion or opinions from counsel for the Issuer dated the effective date of the Registration Statement or, in the event of an Underwritten Offering, the date of the closing under the underwriting agreement, in
customary form, scope and substance, which opinions shall be reasonably satisfactory to such Holders or underwriters, as the case may be, and their respective counsel; 

(xvii) in the case of an Underwritten Offering, obtain for delivery to the Issuer and the managing underwriter or
underwriters, with copies to the Participating Holders, a cold comfort letter from the Issuer’s independent certified public accountants in customary form and covering such matters of the type customarily covered by cold comfort letters as the
managing underwriter or underwriters reasonably request, dated the date of execution of the underwriting agreement and brought down to the closing under the underwriting agreement; 

(xviii) cooperate with each Participating Holder and each underwriter, if any, participating in the disposition of such
Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA; 
 (xix) use its reasonable best efforts to comply with all applicable securities laws and make available to its security holders, as soon as reasonably practicable, an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder; 

(xx) provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by the
applicable Registration Statement from and after a date not later than the effective date of such Registration Statement; 
 (xxi) use its best efforts to cause all Registrable Securities covered by the applicable Registration Statement to be listed on each securities exchange on which any of the Issuer’s securities are
then listed or quoted and on each inter-dealer quotation system on which any of the Issuer’s securities are then quoted; 
 (xxii) make available upon reasonable notice at reasonable times and for reasonable periods for inspection by each Participating Holder, by any underwriter participating in any disposition to be effected
pursuant to such Registration Statement and by any attorney, accountant or other agent retained by any Participating Holder or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the
Issuer, and cause all of the its officers, directors and employees and the independent public accountants who have certified its financial statements to make themselves available to discuss the business of the Issuer and to supply all information
reasonably requested by any such Person in connection with such Registration Statement as shall be necessary to enable them to exercise their due diligence responsibility; provided, that any such Person gaining access to information regarding
the Issuer pursuant to this Section 2.05(a)(xxii) shall agree to hold in strict confidence and shall not make any disclosure or use any information regarding the Issuer that it determines in good faith to be confidential, and of which
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(w) 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),
(x) such information is or becomes publicly known other than through a breach of this or any other agreement of which such Person has knowledge, (y) such information is or becomes available to such Person on a non-confidential basis from a
source other than the Issuer or (z) such information is independently developed by such Person; and 

(xxiii) in the case of an Underwritten Offering, cause the senior executive officers of the Issuer to participate in the
customary “road show” presentations that may be reasonably requested by the managing underwriter or underwriters in any such Underwritten Offering and otherwise to facilitate, cooperate with, and participate in each proposed offering
contemplated herein and customary selling efforts related thereto; 
 (xxiv) take no direct or indirect action
prohibited by Regulation M under the Exchange Act; 
 (xxv) take all reasonable action to ensure that any Issuer
Free Writing Prospectus utilized in connection with any Registration covered by Section 2.01, Section 2.02 or Section 2.03 complies in all material respects with the Securities Act, is filed in accordance with the
Securities Act to the extent required thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken together with the related Prospectus, will not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; and 
 (xxvi) take all such other commercially reasonable actions as are necessary or advisable in order to expedite or facilitate the disposition of such Registrable Securities. 

(b) If the Issuer files any Shelf Registration Statement, the Issuer agrees that it shall include in such Shelf Registration Statement
such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by identifying the initial offering of the securities to the Holders) in order to ensure that the
Holders may be added to such Shelf Registration Statement at a later time through the filing of a prospectus supplement rather than a post-effective amendment. 
 (c) The Issuer may require each Participating Holder to furnish to the Issuer such information regarding the distribution of such securities and such other information relating to such Holder and its
ownership of Registrable Securities as the Issuer may from time to time reasonably request in writing and the Issuer may exclude from such Registration the Registrable Securities of any Participating Holder who unreasonably fails to furnish such
information within a reasonable time after receiving such request. Each Participating Holder agrees to furnish such information to the Issuer and to cooperate with the Issuer at the Issuer’s expense as reasonably necessary to enable the Issuer
to comply with the provisions of this Agreement. 

  
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 (d) Each Participating Holder agrees that, upon receipt of any notice from the Issuer of the
happening of any event of the kind described in Section 2.05(a)(v), such Holder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration Statement until such Holder’s receipt of the copies of
the supplemented or amended Prospectus or Issuer Free Writing Prospectus, as the case may be, contemplated by Section 2.05(a)(v), or until such Holder is advised in writing by the Issuer that the use of the Prospectus or Issuer Free
Writing Prospectus, as the case may be, may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus or such Issuer Free Writing Prospectus or any amendments or supplements
thereto and if so directed by the Issuer, such Holder shall deliver to the Issuer (at the Issuer’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus or any Issuer Free Writing
Prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event the Issuer shall give any such notice, the period during which the applicable Registration Statement is required to be maintained effective
shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each seller of Registrable Securities covered by such Registration Statement either receives the copies
of the supplemented or amended Prospectus or any Issuer Free Writing Prospectus contemplated by Section 2.05(a)(v) or is advised in writing by the Issuer that the use of the Prospectus may be resumed. 

(e) If any Registration Statement or comparable statement under the “Blue Sky” laws refers to any Holder by name or otherwise
as the Holder of any securities of the Issuer, then such Holder shall have the right to require (i) the insertion therein of language, in form and substance satisfactory to such Holder and the Issuer, to the effect that the holding by such
Holder of such securities is not to be construed as a recommendation by such Holder of the investment quality of the Issuer’s securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future
financial requirements of the Issuer, or (ii) in the event that such reference to such Holder by name or otherwise is not in the judgment of the Issuer, as advised by counsel, required by the Securities Act or any similar federal statute or any
“Blue Sky” or securities law then in force, the deletion of the reference to such Holder. 
 (f) Holders may seek to
Register different types of Registrable Securities simultaneously, and the Issuer shall use its reasonable best efforts to effect such Registration and sale in accordance with the intended method or methods of disposition specified by such Holders.

 SECTION 2.06. Underwritten Offerings. 
 (a) Demand and Shelf Registrations. If requested by the underwriters for any Underwritten Offering requested by the Investors pursuant to a Registration under Section 2.01 or
Section 2.02, the Issuer shall enter into an underwriting agreement with such underwriters for such offering, such agreement to be reasonably satisfactory in substance and form to the Issuer, the participating Investors and the
underwriters, and to contain such representations and warranties by the Issuer and such other terms as are generally prevailing in agreements of that type, including indemnities no less favorable to the recipient thereof than those provided in
Section 2.09. The Participating Holders shall cooperate with the Issuer, at the Issuer’s expense, in the negotiation of such underwriting agreement and shall give consideration to the reasonable suggestions of the Issuer regarding
the form thereof. Such Holders shall be parties to such underwriting agreement, which underwriting agreement shall (i) contain such representations and 

  
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warranties by, and the other agreements on the part of, the Issuer to and for the benefit of such Holders as are customarily made by issuers to selling stockholders in secondary underwritten
public offerings and (ii) provide that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also shall be conditions precedent to the obligations of such Holders. No such Holders shall
be required to make any representations or warranties to or agreements with the Issuer or the underwriters, other than representations, warranties or agreements regarding such Holder’s title to the Registrable Securities, such Holder’s
intended method of distribution and any other representations required to be made by such Holder under applicable law, and the aggregate amount of the liability of such Holder shall not exceed such Holder’s net proceeds from such Underwritten
Offering. 
 (b) Piggyback Registrations. If the Issuer proposes to Register any of its securities under the Securities
Act as contemplated by Section 2.03 and such securities are to be distributed in an Underwritten Offering through one or more underwriters, the Issuer shall, if requested by any Holder pursuant to Section 2.03 and subject to
the provisions of Section 2.03(b), use its reasonable best efforts to arrange for such underwriters to include on the same terms and conditions that apply to the other sellers in such Registration all the Registrable Securities to be
offered and sold by such Holder among the securities of the Issuer to be distributed by such underwriters in such Registration. The Participating Holders shall be parties to the underwriting agreement between the Issuer and such underwriters, which
underwriting agreement shall (i) contain such representations and warranties by, and the other agreements on the part of, the Issuer to and for the benefit of such Holders as are customarily made by issuers to selling stockholders in secondary
underwritten public offerings and (ii) provide that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also shall be conditions precedent to the obligations of such Holders. Any such
Holder shall not be required to make any representations or warranties to, or agreements with the Issuer or the underwriters other than representations, warranties or agreements regarding such Holder’s title to the Registrable Securities and
such Holder’s intended method of distribution or any other representations required to be made by such Holder under applicable law, and the aggregate amount of the liability of such Holder shall not exceed such Holder’s net proceeds from
such Underwritten Offering. 
 (c) Participation in Underwritten Registrations. Subject to provisions of
Section 2.06(a) and Section 2.06(b) above, no Person may participate in any Underwritten Offering hereunder unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting
arrangements approved by the Persons entitled to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such
underwriting arrangements. 
 (d) Price and Underwriting Discounts. In the case of an Underwritten Offering under
Section 2.01 or Section 2.02, the price, underwriting discount and other financial terms for the Registrable Securities shall be determined by the Demanding Investor(s) (or, in the case of a Shelf Registration, the
Investor(s) selling Registrable Securities under the Shelf Registration Statement). In addition, in the case of any Underwritten Offering under Section 2.01, Section 2.02 or Section 2.03, each of the Holders may,
subject to any limitations on withdrawal contained in Section 2.01, Section 2.02 or Section 2.03, withdraw all or part of their request to participate in such Registration after being advised of such price,
discount and other terms and shall not be required to enter into any agreements or documentation that would require otherwise. 

  
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 SECTION 2.07. No Inconsistent Agreements; Additional Rights; Transfer Restrictions
Under the Major Stockholders’ Agreement and Stockholders’ Agreement. The Issuer shall not hereafter enter into, and is not currently a party to, any agreement with respect to its securities that is inconsistent with the rights granted
to the Holders under this Agreement. Without Requisite Consent, the Issuer shall not enter into any agreement granting registration or similar rights to any Person. For the avoidance of doubt, and notwithstanding anything herein to the contrary, all
rights granted to a Holder under this Agreement are subject to the terms and conditions set forth in the Major Stockholders’ Agreement and the Stockholders’ Agreement, including any obligation set forth therein, or contemplated thereby,
relating to the Coordination Committee (as defined in the Major Stockholders’ Agreement) and the restrictions on Transfers (as defined in the Stockholders’ Agreement) following an IPO with respect to the Key Individuals. 

SECTION 2.08. Registration Expenses. Except as expressly provided herein, all expenses incident to the Issuer’s
performance of or compliance with this Agreement shall be paid by the Issuer, including (i) all registration and filing fees, and any other fees and expenses associated with filings required to be made with the SEC or FINRA, (ii) all fees
and expenses in connection with compliance with any securities or “Blue Sky” laws, (iii) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing certificates
for the Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing prospectuses and Issuer Free Writing Prospectuses), (iv) all fees and disbursements of counsel for the Issuer and of all independent
certified public accountants of the Issuer (including the expenses of any special audit and cold comfort letters required by or incident to such performance), (v) Securities Act liability insurance or similar insurance if the Issuer so desires
or the underwriters so require in accordance with then-customary underwriting practice, (vi) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange or quotation of the Registrable
Securities on any inter-dealer quotation system, (vii) all applicable rating agency fees with respect to the Registrable Securities, (viii) all reasonable fees and disbursements of legal counsel selected by the Demanding Investor (or, in
the case of a Shelf Registration, each Investor selling Registrable Securities under the Shelf Registration Statement), (ix) all reasonable fees and disbursements of legal counsel for each Holder participating in such Registration (or, in the
case of a Shelf Registration, each Holder selling Registrable Securities under the Shelf Registration Statement) in connection with the preparation of any legal opinions requested by the underwriters, (x) all fees and expenses of accountants
selected by the Demanding Investor (or, in the case of a Shelf Registration, the Holder selling Registrable Securities under the Shelf Registration Statement), (xi) any reasonable fees and disbursements of underwriters customarily paid by
issuers or sellers of securities, (xii) all fees and expenses of any special experts or other Persons retained by the Issuer in connection with any Registration, (xiii) all of the Issuer’s internal expenses (including all salaries and
expenses of its officers and employees performing legal or accounting duties) and (xiv) all expenses related to the “road-show” for any underwritten offering, including all travel, meals and lodging. All such expenses are referred to
herein as “Registration Expenses.” The Issuer shall not be required to pay underwriting discounts and commissions and transfer taxes, if any, attributable to the sale of Registrable Securities. 

  
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 SECTION 2.09. Indemnification. 

(a) Indemnification by the Issuer. The Issuer agrees to indemnify and hold harmless, to the full extent permitted by law, each
Holder, each member, limited or general partner thereof, each member, limited or general partner of each such member, limited or general partner, each of their respective Affiliates, officers, directors, shareholders, employees, advisors, and agents
and each Person who controls (within the meaning of the Securities Act or the Exchange Act) such Persons and each of their respective Representatives from and against any and all losses, penalties, judgments, suits, costs, claims, damages,
liabilities and expenses, joint or several (including reasonable costs of investigation and legal expenses) (each, a “Loss” and collectively “Losses”) arising out of or based upon (i) any untrue or alleged
untrue statement of a material fact contained in any Registration Statement under which such Registrable Securities were Registered under the Securities Act (including any final, preliminary or summary Prospectus contained therein or any amendment
thereof or supplement thereto or any documents incorporated by reference therein) or any other disclosure document produced by or on behalf of the Issuer or any of its subsidiaries including, without limitation, reports and other documents filed
under the Exchange Act or any Issuer Free Writing Prospectus or amendment thereof or supplement thereto, (ii) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein (in the case of a Prospectus, preliminary Prospectus, or any Issuer Free Writing Prospectus in light of the circumstances under which they were made) not misleading or (iii) any actions or inactions or proceedings in respect of the
foregoing whether or not such indemnified party is a party thereto; provided, that the Issuer shall not be liable to any particular indemnified party (A) to the extent that any such Loss arises out of or is based upon an untrue statement
or alleged untrue statement or omission or alleged omission made in any such Registration Statement or other document in reliance upon and in conformity with written information furnished to the Issuer by such indemnified party expressly for use in
the preparation thereof or (B) to the extent that any such Loss arises out of or is based upon an untrue statement or omission in a preliminary Prospectus relating to Registrable Securities, if a Prospectus (as then amended or supplemented)
that would have cured the defect was furnished to the indemnified party from whom the Person asserting the claim giving rise to such Loss purchased Registrable Securities at least five (5) days prior to the written confirmation of the sale of
the Registrable Securities to such Person and a copy of such Prospectus (as amended and supplemented) was not sent or given by or on behalf of such indemnified party to such Person at or prior to the written confirmation of the sale of the
Registrable Securities to such Person. This indemnity shall be in addition to any liability the Issuer may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Holder or
any indemnified party and shall survive the transfer of such securities by such Holder. The Issuer shall also indemnify underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution,
their officers and directors and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above with respect to the indemnification of the indemnified parties. 

  
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 (b) Indemnification by the Participating Holders. Each Participating Holder agrees
(severally and not jointly) to indemnify and hold harmless, to the fullest extent permitted by law, the Issuer, its directors and officers and each Person who controls the Issuer (within the meaning of the Securities Act or the Exchange Act) from
and against any Losses resulting from (i) any untrue statement of a material fact in any Registration Statement under which such Registrable Securities were Registered under the Securities Act (including any final, preliminary or summary
Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein or any Issuer Free Writing Prospectus or amendment thereof or supplement thereto), or (ii) any omission to state
therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a Prospectus, preliminary Prospectus, or any Issuer Free Writing Prospectus in light of the circumstances under which they were made)
not misleading, in each case, to the extent, but only to the extent, that such untrue statement or omission is contained in any information furnished in writing by such Holder to the Issuer specifically for inclusion in such Registration Statement
and has not been corrected in a subsequent writing prior to or concurrently with the sale of the Registrable Securities to the Person asserting the claim. In no event shall the liability of such Holder hereunder be greater in amount than the dollar
amount of the net proceeds received by such Holder under the sale of Registrable Securities giving rise to such indemnification obligation less any amounts paid by such Holder pursuant to Section 2.09(d). The Issuer shall be entitled to
receive indemnities from underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, to the same extent as provided above (with appropriate modification) with respect to information
furnished in writing by such Persons specifically for inclusion in any Prospectus or Registration Statement. 
 (c) Conduct
of Indemnification Proceedings. Any Person entitled to indemnification hereunder shall (i) 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 and (ii) permit such
indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, that any Person entitled to indemnification hereunder 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 Person 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 from the Person entitled to indemnification hereunder and employ counsel reasonably satisfactory to such Person, (C) the
indemnified party has reasonably concluded (based upon advice of its counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, or
(D) in the reasonable judgment of any such Person (based upon advice of its counsel) a conflict of interest may exist between such Person and the indemnifying party with respect to such claims (in which case, if the Person notifies the
indemnifying party in writing that such Person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such Person). If the
indemnifying party assumes the defense, the indemnifying party shall not have the right to settle such action without the consent of the 

  
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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 without the prior written consent of such indemnified party. If such defense is not assumed by the indemnifying party, the
indemnifying party will not be subject to any liability for any settlement made without its prior written consent, but such consent may not be unreasonably withheld. It is understood that the indemnifying party or parties shall not, except as
specifically set forth in this Section 2.09(c), in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements or other charges of more than one separate firm admitted
to practice in such jurisdiction at any one time unless (x) the employment of more than one counsel has been authorized in writing by the indemnifying party or parties, (y) an indemnified party has reasonably concluded (based on the advice
of counsel) that there may be legal defenses available to it that are different from or in addition to those available to the other indemnified parties or (z) a conflict or potential conflict exists or may exist (based upon advice of counsel to
an indemnified party) between such indemnified party and the other indemnified parties, in each of which cases the indemnifying party shall be obligated to pay the reasonable fees and expenses of such additional counsel or counsels. 

(d) Contribution. If for any reason the indemnification provided for in paragraphs (a) and (b) of this
Section 2.09 is unavailable to an indemnified party (other than as a result of exceptions contained in paragraphs (a) and (b) of this Section 2.09) or insufficient in respect of any Losses referred to therein, then
the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such Loss (i) in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and the
indemnified party or parties on the other hand in connection with the acts, statements or omissions that resulted in such losses, as well as any other relevant equitable considerations. In connection with any Registration Statement filed with the
SEC by the Issuer, the relative fault of the indemnifying party on the one hand and the indemnified party on the other hand shall be determined by reference to, among other things, whether any untrue or alleged untrue statement of a material fact or
the omission or alleged 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. The parties hereto agree that it would not be just or equitable if contribution pursuant to this Section 2.09(d) were determined by pro rata allocation or by any other method of
allocation that does not take account of the equitable considerations referred to in this Section 2.09(d). 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. The amount paid or payable by an indemnified party as a result of the Losses referred to in Section 2.09(a) and Section 2.09(b)
shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions
of this Section 2.09(d), in connection with any Registration Statement filed by the Issuer, a Participating Holder shall not be required to contribute any amount in excess of the dollar amount of the net proceeds received by such Holder
under the sale of Registrable Securities giving rise to such contribution obligation less 

  
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any amounts paid by such Holder pursuant to Section 2.09(b). If indemnification is available under this Section 2.09, the indemnifying parties shall indemnify each
indemnified party to the full extent provided in Section 2.09(a) and Section 2.09(b) hereof without regard to the provisions of this Section 2.09(d). The remedies provided for in this Section 2.09 are
not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity. 
 SECTION 2.10. Rules 144 and 144A and Regulation S. The Issuer covenants that it will file the reports required to be filed by it under the Securities Act and the Exchange Act and the
rules and regulations adopted by the SEC thereunder (or, if the Issuer is not required to file such reports, it will, upon Requisite Consent, make publicly available such necessary information for so long as necessary to permit sales pursuant to
Rules 144, 144A or Regulation S under the Securities Act), and it will take any such further action as reasonably requested upon Requisite Consent, all to the extent required from time to time to enable the Holders to sell Registrable Securities
without Registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144, Rule 144A or Regulation S under the Securities Act, as such rules or regulations may be amended from time to time, or (ii) any
similar rule or regulation hereafter adopted by the SEC. Upon the reasonable request of a Holder, the Issuer will deliver to such Holder a written statement as to whether it has complied with such requirements and, if not, the specifics thereof.

 ARTICLE III 
 MISCELLANEOUS 
 SECTION 3.01. Term. This Agreement shall terminate
upon the later of the expiration of the Shelf Period and such time as there are no Registrable Securities, except for the provisions of Section 2.09 and Section 2.10 and all of this Article III, which shall survive any such
termination. 
 SECTION 3.02. Existing Registration Statements. Notwithstanding anything herein to the contrary and
subject to applicable law and regulation, the Issuer may satisfy any obligation hereunder to file a Registration Statement or to have a Registration Statement become effective by a specified date by designating, by notice to the Holders, a
Registration Statement that previously has been filed with the SEC or become effective, as the case may be, as the relevant Registration Statement for purposes of satisfying such obligation, and all references to any such obligation shall be
construed accordingly; provided, that such previously filed Registration Statement may be amended to add the number of Registrable Securities, and, to the extent necessary, to identify as selling stockholders those Holders demanding the
filing of a Registration Statement pursuant to the terms of this Agreement. To the extent this Agreement refers to the filing or effectiveness of other Registration Statements by or at a specified time and the Issuer has, in lieu of then filing such
Registration Statements or having such Registration Statements become effective, designated a previously filed or effective Registration Statement as the relevant Registration Statement for such purposes in accordance with the preceding sentence,
such references shall be construed to refer to such designated Registration Statement. 

  
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 SECTION 3.03. Other Activities. Notwithstanding anything in this Agreement, none
of the provisions of this Agreement shall in any way limit a Holder or any of its Affiliates from engaging in any brokerage, investment advisory, financial advisory, anti-raid advisory, principaling, merger advisory, financing, asset management,
trading, market making, arbitrage, investment activity and other similar activities conducted in the ordinary course of their business. 
 SECTION 3.04. Injunctive Relief. It is hereby agreed and acknowledged that it will be impossible to measure in money the damage that would be suffered if the parties fail to comply with any of
the obligations herein imposed on them and that in the event of any such failure, an aggrieved Person will be irreparably damaged and will not have an adequate remedy at law. Any such Person shall, therefore, be entitled (in addition to any other
remedy to which it may be entitled in law or in equity) to injunctive relief, including specific performance, to enforce such obligations, and if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the
parties hereto shall raise the defense that there is an adequate remedy at law. 
 SECTION 3.05. Attorneys’
Fees. In any action or proceeding brought to enforce any provision of this Agreement or where any provision hereof is validly asserted as a defense, the successful party shall, to the extent permitted by applicable law, be entitled to recover
reasonable attorneys’ fees in addition to any other available remedy. 
 SECTION 3.06. Notices. Any and all
notices, designations, offers, acceptances or other communications provided for herein shall be given (a) when delivered personally by hand (with written confirmation of receipt), (b) when sent by facsimile (with written confirmation of
transmission), (c) when received or rejected by the addressee if sent by registered or certified mail, postage prepaid, return receipt requested, or (d) one Business Day following the day sent by overnight courier (with written
confirmation of receipt): 
 if to the Issuer, to: 
 TransUnion Holding Company, Inc. 
 c/o TransUnion Corp. 

555 West Adams Street 
 Chicago, Illinois 60661 
 Attention: Siddharth N. Mehta, President and Chief
Executive Officer 
 Attention: John W. Blenke, Executive Vice President, Corporate General 

Counsel and Corporate Secretary 
 Facsimile No.: (312) 466-7706 
 with a copy (which shall not constitute
notice) to each of the GS Investor and the Advent Investors as specified below. 
 if to the GS Investor, to: 

c/o Goldman, Sachs & Co. 
 200 West Street 

  
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New York, New York 10282-2198 
 Attention: Sumit Rajpal 

Facsimile: 212-357-5505 
 Email: sumit.rajpal@gs.com 
 with a copy (which shall not constitute notice)
to: 
 Davis Polk & Wardwell 
 450 Lexington Avenue 
 New York, New York 10017 

Attention: John Amorosi 
 Facsimile: (212) 701-5010 
 if to the Advent Investors, to: 

Advent International Corp. 
 75 State Street, 29th Floor 
 Boston, Massachusetts 02109 

Attn: Christopher Egan and James Westra 
 Facsimile No.: (617) 951-0568 
 with a copy (which shall not constitute
written notice) to: 
 Weil, Gotshal & Manges LLP 

100 Federal Street 
 Boston, Massachusetts 02110 
 Attention: Marilyn French 

Facsimile: (617) 772-8333 
 If to any other Holder who becomes party to this agreement on or after the date hereof, to the address on the counterpart signature page to this Agreement executed by such Holder. 

SECTION 3.07. Amendment. Any provision of this Agreement may be amended if, and only if, such amendment is in writing and
signed by the Investors; provided, that (a) any amendment that would have a disproportionate material adverse effect on a Holder relative to the other Holders shall require the written consent of that Holder, (b) any amendment that
would adversely affect the rights of the Key Individuals under this Agreement shall require the written consent of holders of at least two-thirds (66 2/3%) of the Registrable Securities then held by all Key Individuals, provided that any such
amendment that has a disproportionate adverse effect on the rights of any Key Individual under this Agreement as compared to other Key Individuals shall require the written consent of such Key Individual, and (c) this Section 3.07
may not be amended without the prior written consent of all of the Holders. 
 SECTION 3.08. Successors, Assigns and
Transferees. Each party may assign all or a portion of its rights hereunder to any Person to which such party transfers its ownership of all or any of its Registrable Securities and any Person that acquires Registrable Securities pursuant to the
terms, as applicable, of the Major Stockholders’ Agreement and the Stockholders’ Agreement or to any of their respective Permitted Transferees (as such term is defined in the Major Stockholders’ Agreement or Stockholders’
Agreement, as applicable) (collectively, “Permitted Transferees”). 

  
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 SECTION 3.09. Binding Effect. Except as otherwise provided in this Agreement,
the terms and provisions of this Agreement shall be binding on and inure to the benefit of each of the parties hereto and their respective successors. 
 SECTION 3.10. Third Parties. Nothing in this Agreement, express or implied, is intended or shall be construed to confer upon any Person not a party hereto (other than each other Person
entitled to indemnity or contribution under Section 2.09) any right, remedy or claim under or by virtue of this Agreement. 
 SECTION 3.11. Governing Law; Arbitration; Waiver of Jury Trial. 
 (a)
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts entered into and performed entirely within such State. 

(b) Arbitration. 
 (i) Any and all disputes, controversies or claims (each a “Dispute”) arising out of, relating to or in connection with this Agreement, including, without limitation, any dispute regarding
its arbitrability, validity or termination, or the performance or breach thereof, shall be exclusively and finally settled by arbitration administered by the American Arbitration Association (“AAA”). Any party may initiate
arbitration by notice to the other party (a “Request for Arbitration”). The arbitration shall be conducted in accordance with the AAA rules governing commercial arbitration in effect at the time of the arbitration, except as they
may be modified by the provisions of this Agreement. The place of the arbitration shall be Chicago, Illinois. The arbitration shall be conducted by a single arbitrator appointed by the Holder involved in the applicable Dispute (or, if Parent or
multiple Holders are involved in such Dispute, by the Holders holding a majority of the Shares held by all such Holders) from a list of at least five (5) individuals who are independent and qualified to serve as an arbitrator submitted by the
Parent within fifteen (15) days after delivery of the Request for Arbitration. Such appointment shall be made by such Holder or Holders within ten (10) days after receipt of the list of qualified individuals from the Parent. In the event
the Parent fails to send a list of at least five (5) qualified individuals to serve as arbitrator to such Holder or Holders within such fifteen-day time period, then such Holder or Holders shall appoint such arbitrator within twenty-five
(25) days from the Request for Arbitration. In the event such Holder or Holders fail to appoint a person to serve as arbitrator from the list of at least five (5) qualified individuals within ten (10) days after its receipt of such
list from the Parent, the Parent shall appoint one of the individuals from such list to serve as arbitrator within five (5) days after the expiration of such ten (10) day period. Any individual will be qualified to serve as an arbitrator
if he or she shall be an 

  
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individual who has no material business relationship, directly or indirectly, with any of the parties to the action and who has at least ten (10) years of experience in the practice of law
with experience in executive compensation matters. The arbitration shall commence within thirty (30) days after the appointment of the arbitrator; the arbitration shall be completed within sixty (60) days of commencement; and the
arbitrator’s award shall be made within thirty (30) days following such completion. The parties may agree to extend the time limits specified in the foregoing sentence. 

(ii) The arbitrator will apply the substantive law (and the law of remedies, if applicable) of the State of Delaware
without reference to its internal conflicts of laws principles, and will be without power to apply any different substantive law. The arbitrator will render an award and a written opinion in support thereof. Such award shall include the costs
related to the arbitration and reasonable attorneys’ fees and expenses to the prevailing party. The arbitrator also has the authority to grant provisional remedies, including, without limitation, injunctive relief, and to award specific
performance. The arbitrator may entertain a motion to dismiss and/or a motion for summary judgment by any party, applying the standards governing such motions under the Federal Rules of Civil Procedure, and may rule upon any claim or counterclaim,
or any portion thereof (a “Claim”), without holding an evidentiary hearing, if, after affording the parties an opportunity to present written submission and documentary evidence, the arbitrator concludes that there is no material
issue of fact and that the Claim may be determined as a matter of law. The parties waive, to the fullest extent permitted by law, any rights to appeal, or to review of, any arbitrator’s award by any court. The arbitrator’s award shall be
final and binding, and judgment on the award may be entered in any court of competent jurisdiction, including, without limitation, the courts of Cook County, Illinois. Notwithstanding the foregoing, any party to this Agreement may seek injunctive
relief, specific performance, or other equitable remedies from a court of competent jurisdiction without first pursuing resolution of the dispute as provided above. Each party to this Agreement irrevocably submits to the non-exclusive jurisdiction
and venue in the courts of the State of Illinois and of the United States sitting in Chicago, Illinois in connection with any such proceeding, and waives any objection based on forum non conveniens. EACH PARTY TO THIS AGREEMENT IRREVOCABLY WAIVES
SUCH PARTY’S RIGHT TO A TRIAL BY JURY IN CONNECTION WITH ANY ACTION TO ENFORCE AN ARBITRATOR’S DECISION OR AWARD PURSUANT TO SECTION 3.11(b)(i) OF THIS AGREEMENT. 

(iii) The parties agree to maintain confidentiality as to all aspects of the arbitration, except as may be required by
applicable law, regulations or court order, or to maintain or satisfy any suitability requirements for any license by any state, federal or other regulatory authority or body, including professional societies and organizations; provided, that
nothing herein shall prevent a party from disclosing information regarding the arbitration for purposes of enforcing the award. The parties further agree to obtain the arbitrator’s agreement to preserve the confidentiality of the arbitration.

  
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 SECTION 3.12. Severability. If any portion of this Agreement shall be declared
void or unenforceable by any court or administrative body of competent jurisdiction, then, so long as no party is deprived of the benefits of this Agreement in any material respect, such portion shall be deemed severable from the remainder of this
Agreement, which shall continue in all respects valid and enforceable. 
 SECTION 3.13. 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. Copies of executed counterparts transmitted by telecopy or other electronic transmission service
shall be considered original executed counterparts for purposes of this Section 3.13. 
 SECTION 3.14.
Headings. The headings and subheadings in this Agreement are included for convenience and identification only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision
hereto. 
 [REMAINDER INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first written above. 
 [Signature Pages Follow.] 

  
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	TRANSUNION HOLDING COMPANY, INC.
		
	By:	 	/s/ Sumit Rajpal
		 	Name:  Sumit Rajpal
		 	Title:    President

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	GS CAPITAL PARTNERS VI FUND, L.P.
		
	By:	 	 GSCP VI Advisors, L.L.C.
 its
General Partner

		
	By:	 	/s/ Sumit Rajpal
		 	Name:  Sumit Rajpal
		 	Title:    Vice President
	
	 GS CAPITAL PARTNERS VI PARALLEL,
 L.P.

		
	By:	 	 GS Advisors VI, L.L.C.
 its
General Partner

		
	By:	 	/s/ Sumit Rajpal
		 	Name:  Sumit Rajpal
		 	Title:    Vice President
	
	SPARTANSHIELD HOLDINGS
		
	By:	 	 GS Capital Partners VI Offshore Fund,
 L.P., its General Partner
 By: GSCP VI Offshore Advisors,

L.L.C., its General Partner

		
	By:	 	/s/ Sumit Rajpal
		 	Name:  Sumit Rajpal
		 	Title:    Vice-President

  
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	ADVENT-TRANSUNION ACQUISITION LIMITED PARTNERSHIP
		
	By:	 	Advent-TransUnion GP LLC, its General Partner
		
	By:	 	/s/ Michael Ristaino
	Name:	 	Michael Ristaino
	Title:	 	President

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 EXHIBIT A 

JOINDER TO THE REGISTRATION RIGHTS AGREEMENT 

                
    , 2012 
 This Joinder Agreement (this “Joinder Agreement”) is made as of the
date written above by the undersigned (the “Joining Party”) in accordance with the Registration Rights Agreement dated as of the date hereof (as amended, amended and restated or otherwise modified from time to time, the
“Registration Rights Agreement”) among TransUnion Holdings Company, Inc. and the other persons listed on the signature pages thereto. Capitalized terms used, but not defined, herein shall have the respective meanings of ascribed to
such terms in the Management Shareholders Agreement. 
 The Joining Party hereby acknowledges, agrees and confirms that, by its
execution of this Joinder Agreement, the Joining Party shall be deemed to be a party to the Registration Rights Agreement as of the date hereof and shall have all of the rights and obligations of a “Key Individual” thereunder as if it had
executed the Registration Rights Agreement. The Joining Party hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Registration Rights Agreement.

	
	
	  
	Name:
	Address:
	Telephone:
	Facsimile:

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 AGREED ON THIS [        ] day of
[        ], 20    : 
  

			
	TRANSUNION HOLDING COMPANY, INC.
		
	 By:
	 	 
		 	 Name:

		 	 Title:

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