Document:

EX-10.1

 Exhibit 10.1 

EIGHTH AMENDMENT TO 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 HERSHA HOSPITALITY
LIMITED PARTNERSHIP 
 May 27, 2016 

THIS EIGHTH AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this “Eighth Amendment”), dated as of
May 27, 2016, is entered into by HERSHA HOSPITALITY TRUST, a Maryland real estate investment trust, as general partner (the “General Partner”) of HERSHA HOSPITALITY LIMITED PARTNERSHIP, a Virginia limited partnership (the
“Partnership”), for itself and on behalf of the limited partners of the Partnership. 
 WHEREAS, the Amended and Restated
Agreement of Limited Partnership of the Partnership was executed on January 26, 1999, a First Amendment thereto was executed on December 31, 1999, a Second Amendment thereto was executed on April 21, 2003, a Third Amendment thereto
was executed on August 5, 2005, a Fourth Amendment thereto was executed on May 18, 2011, a Fifth Amendment thereto was executed on March 26, 2013, a Sixth Amendment thereto was executed on December 23, 2014, and a Seventh
Amendment thereto was executed on June 22, 2015 (the “Partnership Agreement”); and 
 WHEREAS, Section 4.02(a) of
the Partnership Agreement authorizes the General Partner to cause the Partnership to issue additional Partnership Units in one or more classes or series, with such designations, preferences and relative, participating, optional or other special
rights, powers and duties as shall be determined by the General Partner, without the approval of the Limited Partners; and 
 WHEREAS, the
General Partner has authorized the issuance of up to 8,050,000 shares of its 6.50% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share (the “Series D Preferred Shares”) at a gross
offering price of $25.00 per Series D Preferred Share and, in connection therewith, the General Partner, pursuant to Section 4.02(b) of the Partnership Agreement, is contributing the net proceeds of such issuance to the Partnership and is
causing the Partnership to issue to the General Partner Series D Preferred Partnership Units (as hereinafter defined); and 
 WHEREAS,
pursuant to the authority granted to the General Partner pursuant to Sections 
 4.02(a) and Article XI of the Partnership Agreement and as
authorized by the resolutions of the General Partner dated May 20, 2016, the General Partner desires to amend the Partnership Agreement (i) to set forth the designations, rights, powers, preferences and duties of the Series D Preferred
Partnership Units and (ii) to issue the Series D Preferred Partnership Units to the General Partner. 
 NOW, THEREFORE, in
consideration of good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the General Partner hereby amends the Partnership Agreement as follows: 

  
 1 

 1. The Partnership Agreement is hereby amended by the addition of a new annex thereto, entitled
Annex D, in the form attached hereto, which sets forth the designations, allocations, preferences and other special rights, powers and duties of the Series D Preferred Partnership Units and which shall be attached to and made a part of the
Agreement. 
 2. Pursuant to Section 4.02(a) of the Partnership Agreement, effective as the issuance date of the Series D Preferred
Shares by the General Partner, the Partnership issues Series D Preferred Partnership Units to the General Partner in the amount shown on Schedule I hereto, which Schedule I may be amended by the General Partner in its sole discretion at any time,
but in no event shall the number of Series D Preferred Partnership Units exceed 8,050,000. The Series D Preferred Partnership Units have been created and are being issued in conjunction with the General Partner’s issuance of the Series D
Preferred Shares, and as such, the Series D Preferred Partnership Units are intended to have designations, preferences and other rights, all such that the economic interests are substantially identical to the designations, preferences and other
rights of the Series D Preferred Shares, and the terms of this Eighth Amendment, including without limitation the attached Annex D, shall be interpreted in a fashion consistent with this intent. In return for the issuance to the General Partner of
the Series D Preferred Partnership Units, the General Partner has contributed to the Partnership the funds raised through its issuance of the Series D Preferred Shares (the General Partner’s capital contribution shall be deemed to equal the
amount of the gross proceeds of that share issuance (i.e., the net proceeds actually contributed, plus any underwriter’s discount or other expenses incurred, with any such discount or expense deemed to have been incurred by the General Partner
on behalf of the Partnership)). 
 3. In order to reflect the issuance of the Series D Preferred Partnership Units, Exhibit A to the
Partnership Agreement is hereby amended by adding to the end of such Exhibit A the table attached hereto as Schedule I, which Schedule I may be amended by the General Partner in its sole discretion at any time, but in no event shall the number of
Series D Preferred Partnership Units exceed 8,050,000. 
 4. The foregoing recitals are incorporated in and are part of this Eighth
Amendment. 
 5. Except as specifically defined herein, all capitalized terms shall have the definitions provided in the Partnership
Agreement. This Eighth Amendment has been authorized by the General Partner pursuant to Article XI of the Partnership Agreement and does not require execution by the Limited Partners. No other changes to the Partnership Agreement are authorized
under this Eighth Amendment. 
 [Signature Page Follows.] 

  
 2 

 IN WITNESS WHEREOF, this Eighth Amendment has been executed as of the date first
above written. 
  

			
	GENERAL PARTNER:
	
	HERSHA HOSPITALITY TRUST,
	a Maryland real estate investment trust
		
	By:	 	 /s/ Ashish R. Parikh

		 	Name: Ashish R. Parikh
		 	Title: Chief Financial Officer

 SIGNATURE PAGE TO EIGHTH AMENDMENT TO PARTNERSHIP AGREEMENT 

 ANNEX D 

DESIGNATION OF THE SERIES D PREFERRED PARTNERSHIP UNITS 

OF 
 HERSHA HOSPITALITY
LIMITED PARTNERSHIP 
 1. Designation and Number. A series of preferred partnership units, designated the “Series D
Preferred Partnership Units” (the “Series D Preferred Partnership Units”), is hereby established. The maximum number of Series D Preferred Partnership Units hereby authorized shall be 8,050,000. 

2. Rank. The Series D Preferred Partnership Units shall, with respect to distribution rights and rights upon liquidation, dissolution
or winding up of the Partnership, rank (a) senior to all classes or series of Partnership Units the terms of which do not specifically provide that such units rank on a parity with or senior to the Series D Preferred Partnership Units (the
“Common Units”); (b) on a parity with the Series B Preferred Partnership Units of the Partnership, the Series C Preferred Partnership Units, and all other Partnership Units issued by the Partnership the terms of which specifically
provide that such Partnership Units rank on a parity with the Series D Preferred Partnership Units as to the payment of distributions and the distribution of assets in the event of any liquidation, dissolution or winding up; and (c) junior to
(i) all indebtedness of the Partnership and (ii) Partnership Units issued by the Partnership the terms of which specifically provide that such Partnership Units rank senior to the Series D Preferred Partnership Units as to the payment of
distributions and the distribution of assets in the event of any liquidation, dissolution or winding up. 
 3. Distributions. 

(a) Holders of the then outstanding Series D Preferred Partnership Units shall be entitled to receive, when and as authorized and declared by
the Partnership, out of funds legally available for the payment of distributions, cumulative cash distributions at the rate of 6.50% per year of the $25.00 liquidation preference (equivalent to a fixed annual amount of $1.625 per share).
Distributions on the Series D Preferred Partnership Units are payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year and, if such day is not a business day, the next succeeding
business day, commencing on July 15, 2016 (each, a “Distribution Payment Date”). The quarterly period beginning on, and including, each Distribution Payment Date and ending on, but excluding, the next succeeding Distribution
Payment Date is referred to herein as a “distribution period” and the distribution which shall accrue in respect of any full distribution period shall be $1.625 regardless of the actual number of days in such full distribution
period. The first distribution will be for less than a full quarter and will cover the period from, and including, May 31, 2016 to, but excluding, July 15, 2016. Such distribution and any distribution payable on the Series D Preferred
Partnership Units for any partial distribution period will be computed on the basis of a 360-day year consisting of twelve 30-day months. Distributions will be payable to holders of record as they appear in the stock records of the Partnership at
the close of business on the applicable record date, which shall be the first day of the calendar month in which the applicable Distribution Payment Date falls or on such other date designated by the Partnership as the record date for the payment of
distributions on the Series D Preferred Partnership Units that is not more than 30 nor less than 10 days prior to such Distribution Payment Date (each, a “Distribution Record Date”). 

  
 D-1 

 (b) No distributions on Series D Preferred Partnership Units shall be authorized or declared by
the Partnership or paid or set apart for payment by the Partnership at such time as the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, (i) prohibits such authorization,
declaration, payment or setting apart for payment of distributions or (ii) provides that such authorization, declaration, payment or setting apart for payment of distributions would constitute a breach thereof or a default thereunder, or if
such declaration or payment shall be restricted or prohibited by law. 
 (c) Notwithstanding the foregoing, distributions on the Series D
Preferred Partnership Units shall accrue whether or not the terms and provisions set forth in Section 3(b) hereof at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are
funds legally available for the payment of such distributions and whether or not such distributions are declared. 
 (d) Accrued but unpaid
distributions on the Series D Preferred Partnership Units will accumulate as of the Distribution Payment Date on which they first become payable. Except as provided in Section 3(e) below, no distributions will be declared or paid or set apart
for payment, and no distribution will be made on any Common Units or any other class or series of Partnership Units ranking, as to distributions, on a parity with or junior to the Series D Preferred Partnership Units other than a distribution that
consists of the Common Units or units of any other class or series of Partnership Units ranking junior to the Series D Preferred Partnership Units as to distributions and upon liquidation, for any period unless full cumulative distributions on the
Series D Preferred Partnership Units have been or contemporaneously are declared and paid, or declared and a sum sufficient for the payment thereof is set apart for such payment on the Series D Preferred Partnership Units for all past distribution
periods. 
 (e) When distributions are not paid in full (or a sum sufficient for such full payment is not so set apart) upon the Series D
Preferred Partnership Units and the units of any other class or series of Partnership Units ranking on a parity as to distributions with the Series D Partnership Units, all distributions declared upon the Series D Preferred Partnership Units and any
other class or series of Partnership Units ranking on a parity as to distributions with the Series D Preferred Partnership Units shall be declared pro rata so that the amount of distributions declared per unit of Series D Preferred Partnership Units
and such other class or series of Partnership Units shall in all cases bear to each other the same ratio that accrued distributions per unit on the Series D Preferred Partnership Units and such other class or series of Partnership Units (which shall
not include any accrual in respect of unpaid distributions for prior distribution periods if such Partnership Units do not have a cumulative distribution) bear to each other. No interest, or sum of money in lieu of interest, shall be payable in
respect of any distribution payment or payments on Series D Preferred Partnership Units which may be in arrears. 

  
 D-2 

 (f) Except as provided in the immediately preceding paragraph, unless full cumulative
distributions on the Series D Preferred Partnership Units have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof is set apart for payment for all past distribution periods, no distributions
(other than distributions paid in Common Units or any other class or series of Partnership Units ranking junior to the Series D Preferred Partnership Units as to distributions and upon liquidation) shall be declared or paid or set aside for payment,
nor shall any other distribution be declared or made, upon the Common Units or any other class or series of Partnership Units ranking junior to or on a parity with the Series D Preferred Partnership Units as to distributions or upon liquidation, nor
shall any Common Units, or any other class or series of Partnership Units ranking junior to or on a parity with the Series D Preferred Partnership Units as to distributions or upon liquidation be redeemed, purchased or otherwise acquired for any
consideration (or any moneys be paid to or made available for a sinking fund for the redemption of any such units) by the Partnership (except by conversion into or exchange for any other class or series of Partnership Units ranking junior to the
Series D Preferred Partnership Units as to distributions and upon liquidation) and except in connection with the redemption of Partnership Units in connection with a redemption of “Shares-in-Trust” under the Articles of Amendment and
Restatement, which is intended to assist the General Partner in qualifying as a real estate investment trust for federal income tax purposes. 

(g) Holders of the Series D Preferred Partnership Units shall not be entitled to any distribution, whether payable in cash, property or
Partnership Units in excess of full cumulative distributions on the Series D Preferred Partnership Units as provided above. Any distribution payment made on Series D Preferred Partnership Units shall first be credited against the earliest accrued
but unpaid distribution due with respect to such units which remains payable. 
 4. Liquidation Preference. 

(a) Upon any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Partnership, the holders of Series D
Preferred Partnership Units then outstanding are entitled to be paid out of the assets of the Partnership legally available for distribution to its partners a liquidation preference of $25.00 per share, plus an amount equal to any accrued and unpaid
distributions to the date of payment, before any distribution of assets is made to holders of Common Units or any other class or series of Partnership Units that ranks junior to the Series D Preferred Partnership Units as to liquidation rights.
After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series D Preferred Partnership Units will have no right or claim to any of the remaining assets of the Partnership. 

(b) In the event that, upon any such voluntary or involuntary liquidation, dissolution or winding up, the available assets of the Partnership
are insufficient to pay the amount of the liquidating distributions on all outstanding Series D Preferred Partnership Units and the corresponding amounts payable on all Partnership Units of other classes or series of Partnership Units ranking on a
parity with the Series D Preferred Partnership Units in the distribution of assets upon liquidation, then the holders of the Series D Preferred Partnership Units and all other such classes or series of Partnership Units shall share ratably in any
such distribution of assets in proportion to the full liquidating distributions to which they would otherwise be respectively entitled. 

  
 D-3 

 (c) Written notice of any such liquidation, dissolution or winding up of the Partnership,
stating the payment date or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable, shall be given by first class mail, postage pre-paid, not less than 30 nor more than 60 days prior to the
payment date stated therein, to each record holder of the Series D Preferred Partnership Units at the respective addresses of such holders as the same shall appear in the books and records of the Partnership. 

(d) The consolidation, conversion. combination or merger of the Partnership with or into any other corporation, partnership or entity or
consolidation, conversion or merger of any other corporation with or into the Partnership, or the sale, lease or conveyance of all or substantially all of the Partnership’s assets, property or business or any statutory share exchange, shall not
be deemed to constitute a liquidation, dissolution or winding up of the Partnership. 
 5. Redemption. 

(a) Right of Optional Redemption. Except as expressly provided herein, the Series D Preferred Partnership Units are not redeemable
prior to May 31, 2021. On and after May 31, 2021, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series D Preferred Partnership Units, in whole or in part, at any time or
from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less
than all of the outstanding Series D Preferred Partnership Units are to be redeemed, the Series D Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by any
other equitable method determined by the Partnership. 
 (b) Limitations on Redemption. Unless full cumulative distributions on all
Series D Preferred Partnership Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series D Preferred Partnership Units
shall be redeemed unless all outstanding Series D Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series D Preferred Partnership Units (except by
exchange for Partnership Units ranking junior to the Series D Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series D Preferred
Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series D Preferred Partnership Units. 

(c) Payment of Distributions in Connection with Redemption. Immediately prior to any redemption of Series D Preferred Partnership
Units, the Partnership shall pay, in cash, any accumulated and unpaid distributions through the redemption date, unless a redemption date falls after a Distribution Record Date and prior to the corresponding Distribution Payment Date, in which case
each holder of Series D Preferred Partnership Units at the close of business on such Distribution Record Date shall be entitled to the distribution payable on such units on the corresponding Distribution Payment Date notwithstanding the redemption
of such units before such Distribution Payment Date. Except as provided above, the Partnership will make no payment or allowance for unpaid distributions, whether or not in arrears, on Series D Preferred Partnership Units which are redeemed. 

  
 D-4 

 (d) Other Redemptions. At any time that the General Partner exercises its right to redeem
all or any of the Series D Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series D Preferred Partnership Units, at a redemption price per Series D Preferred Partnership Unit payable in
cash and equal to the same price per share paid by the General Partner to redeem the Series D Preferred Shares (i.e., a redemption price of $25.00 per Series D Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue
for the benefit of the Series D Preferred Partnership Units to be redeemed on any cash set aside by the Partnership. 
 (e) Notwithstanding
anything to the contrary contained herein, the Partnership may redeem one Series D Preferred Partnership Unit for each Series D Preferred Share purchased in the open market, through tender or by private agreement with the General Partner. 

(f) Notwithstanding anything to the contrary contained herein, the Partnership may redeem Series D Preferred Partnership Units at any time in
connection with any redemption by the General Partner of Series D Preferred Shares. 
 (g) Status of Redeemed Units. Any Series D
Preferred Partnership Units that shall at any time have been redeemed shall, after such redemption, have the status of authorized but unissued Partnership Units, without designation as to class or series until such Partnership Units are thereafter
classified or designated as part of a particular series. 
 6. Voting Rights. Except as provided by law, the General Partner, in its
capacity as the holder of the Series D Preferred Partnership Units, shall not be entitled to vote for any purpose or otherwise participate in any action taken by the Partnership or the Partners. 

7. Conversion. 
 (a)
Except as otherwise set forth herein, the Series D Preferred Partnership Units are not convertible into or exchangeable for any other property or units of the Partnership. 

(b) In the event that a holder of Series D Preferred Shares of the General Partner exercises its right to convert the Series D Preferred
Shares into Common Shares of the General Partner in accordance with the terms of the Articles Supplementary, then, concurrently therewith, an equivalent number of Series D Preferred Partnership Units held by the General Partner shall automatically
be converted into a number of Common Units of the Partnership equal to the number of Common Shares issued upon conversion of such Series D Preferred Shares; provided, however, that if a holder of Series D Preferred Shares of the General Partner
receives cash or other consideration in addition to or in lieu of Common Shares in connection with such conversion, then the General Partner, as the holder of Series D Preferred Partnership Units, shall be entitled to receive cash or such other
consideration 

  
 D-5 

 8. Allocations. 

(a) Sections 5.01(a) and (b) of the Partnership Agreement are hereby deleted and replaced by sections (a) and (b),
below. 
 “(a) Net Profit. Except as otherwise provided herein, Net Profit for any fiscal year or other
applicable period shall be allocated in the following order and priority: 
 (i) first, to the General Partner in respect of
its Series B Preferred Partnership Units, its Series C Preferred Partnership Units and its Series D Preferred Partnership Units, to the extent that Net Loss previously allocated to such holder pursuant to Section 5.01(b)(iii) below for all
prior fiscal years or other applicable periods exceeds Net Profit previously allocated to the General Partner pursuant to this Section 5.01(a)(i) for all prior fiscal years or other applicable periods, 

(ii) second, to the General Partner and the Limited Partners holding Common Units in proportion to their respective Percentage
Interests to the extent that Net Loss previously allocated to such holders pursuant to Section 5.01(b)(ii) below for all prior fiscal years or other applicable periods exceeds Net Profit previously allocated to such Partners pursuant to this
Section 5.01(a)(ii) for all prior fiscal years or other applicable periods, 
 (iii) third, to the General Partner in
respect of its Series B Preferred Partnership Units, its Series C Preferred Partnership Units and its Series D Preferred Partnership Units, until it has been allocated Net Profit equal to the excess of (x) the cumulative amount of distributions
the General Partner has received for all fiscal years or other applicable period or to the date of redemption, to the extent such Series B Preferred Partnership Units, Series C Preferred Partnership Units and Series D Preferred Partnership Units are
redeemed during such period, over (y) the cumulative Net Profit allocated to the General Partner, pursuant to this Section 5.01(a)(iii) for all prior fiscal years or other applicable periods, and 

(iv) thereafter, to the Partners holding Common Units in accordance with their respective Percentage Interests. 

(b) Net Loss. Except as otherwise provided herein, Net Loss for any fiscal year or other applicable period shall be
allocated in the following order and priority: 
 (i) first, to the Partners holding Common Units in accordance with their
respective Percentage Interests to the extent of Net Profit previously allocated to such Partners pursuant to Section 5.01(a)(iv) above for all prior fiscal years or other applicable period exceeds Net Loss previously allocated to such Partners
pursuant to this Section 5.01(b)(i) for all prior fiscal years or other applicable periods, 

  
 D-6 

 (ii) second, to the General Partner and the Limited Partners holding Common
Units in proportion to their respective Percentage Interests until the adjusted Capital Account (including for this purpose any amounts a Partner is obligated to contribute to the capital of the Partnership or is deemed obligated to contribute
pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)) of each Partner with respect to such Common Units is reduced to zero, and 

(iii) thereafter, to the General Partner in respect of its Series B Preferred Partnership Units, its Series C Preferred
Partnership Units and its Series D Preferred Partnership Units until the adjusted Capital Account (modified in the same manner as in clause (ii)) of the General Partner with respect to such Series B Preferred Partnership Units, Series C Preferred
Partnership Units and Series D Preferred Partnership Units is reduced to zero. 
 It is the intention of the parties
hereunder that the aggregate Capital Account balance of the General Partner in respect of its Series B Preferred Partnership Units, its Series C Preferred Partnership Units and its Series D Preferred Partnership Units at any date shall not exceed
the amount of the original Capital Contributions made in respect of its Series B Preferred Partnership Units, its Series C Preferred Partnership Units and its Series D Preferred Partnership Units plus all accrued and unpaid distributions thereon,
whether or not declared, to the extent not previously distributed.” 
 (b) Notwithstanding anything to the contrary contained herein, in
connection with the liquidation of the Partnership or the interest of a holder of Series B Preferred Partnership Units, the Series C Preferred Partnership Units and the Series D Preferred Partnership Units, and prior to making any other allocations
of Net Profit or Net Loss, items of income and gain or deduction and loss shall first be allocated to the General Partner in respect of its Series B Preferred Partnership Units, its Series C Preferred Partnership Units and its Series D Preferred
Partnership Units in such amounts as is required to cause the General Partner’s adjusted Capital Account Balance (taking into account any amounts such Partner is obligated to contribute to the capital of the Partnership or is deemed obligated
to contribute pursuant to Regulations Section 1.704-1(b)(2)(ii)(c)(2)) to equal the amount such Partner is entitled to receive pursuant to the provisions of Sections 4 and 5 hereof. 

(c) For purposes of this Section 8, “Net Profit” means the excess of the Partnership’s Profit over the Partnership’s
Loss for any fiscal year or portion thereof, and “Net Loss” means the excess of the Partnership’s Loss over the Partnership’s Profit for any fiscal year or portion thereof. 

  
 D-7EX-10.1

 Exhibit 10.1 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

RigNet, Inc. 2010 Omnibus Incentive Plan 

This RESTRICTED STOCK UNIT AWARD AGREEMENT (this
“Agreement”) is made by and between RigNet, Inc., a Delaware corporation (the “Company”), and                     
(the “Employee”) effective as of the          day of             , 20     (the “Grant Date”),
pursuant to the RigNet, Inc. 2010 Omnibus Incentive Plan, as amended (the “Plan”), a copy of which previously has been made available to the Employee and the terms and provisions of which are incorporated by reference herein
(capitalized terms not otherwise defined in this Agreement shall have the meanings given to such terms in the Plan). 

WHEREAS, the Plan allows for the grant of restricted stock units, which are referred to in the Plan as
“RSUs”; and 
 WHEREAS, the Company desires to grant to the Employee the RSU Award specified
herein, subject to the terms and conditions of this Agreement; and 
 WHEREAS, the Employee desires to
have the opportunity to receive from the Company and hold the RSU Award, subject to the terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements
contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

1. Grant of RSU Award. Effective as of the Grant Date, the Company hereby grants to the Employee
         RSUs. In accepting the RSU Award granted in this Agreement the Employee accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement. 

2. RSUs Do Not Award Any Rights Of A Shareholder. The Employee shall not have the voting rights or any of the other rights,
powers or privileges of a holder of the Company’s Stock with respect to the RSUs that are awarded hereby. Only after a share of the Stock is issued in exchange for an RSU will the Employee have all of the rights of a shareholder with respect to
such share of Stock issued in exchange for an RSU. 
 3. Transfer Restrictions. The RSUs granted hereby may not be
sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of. Any such attempted sale, assignment, pledge, exchange, hypothecation, transfer, encumbrance or disposition in violation of this Agreement
shall be void and the Company shall not be bound thereby. Further, any shares of the Stock issued to the Employee in exchange for RSUs awarded hereby may not be sold or otherwise disposed of in any manner that would constitute a violation of
any applicable securities laws. The Employee also agrees that the Company may (a) refuse to cause the transfer of any such shares of the Stock to be registered on the applicable stock transfer records of the Company if such proposed
transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of any applicable securities law and (b) give related 

 
instructions to the transfer agent, if any, to stop registration of the transfer of such shares of the Stock. The shares of Stock that may be issued under the Plan are registered with the
Securities and Exchange Commission under a Registration Statement on Form S-8. A Prospectus describing the Plan and the shares of Stock is available from the Company. 

4. Vesting and Payment. 

(a) The RSUs that are granted hereby shall be subject to the prohibitions and restrictions set forth herein with respect to the sale or other
disposition of the RSUs granted to the Employee hereunder and the obligation to forfeit and surrender such RSUs to the Company (the “Forfeiture Restrictions”). The Forfeiture Restrictions shall lapse as to the RSUs that are awarded
hereby on          (the “Vesting Date”), provided that the Employee’s employment with the Company and its Affiliates has not terminated prior to the Vesting Date, except as set forth in
Sections 4(d) and 4(e) below. The Employee shall have no vested interest in the RSUs credited to his or her bookkeeping ledger account except as set forth in this Section 4. 

(b) Except as set forth in Sections 4(d) and 4(e) below, if the Employee’s employment with the Company and all of its Affiliates
terminates prior to the Vesting Date for any reason, the Forfeiture Restrictions then applicable to the RSUs shall not lapse and the number of RSUs then subject to the Forfeiture Restrictions shall be forfeited to the Company and this Agreement
shall terminate, all on the date the Employee’s employment terminates. 
 (c) Upon the lapse of the Forfeiture Restrictions applicable
to an RSU that is awarded hereby, the Company shall issue to the Employee one share of the Stock in exchange for such RSU and thereafter the Employee shall have no further rights with respect to such RSU; provided, however, that if the Employee is a
“specified employee” as that term is defined for purposes of Section 409A at the time of his Separation from Service due to Retirement (defined below), termination without Cause (defined below) or termination for Good Reason (defined
below) and the Forfeiture Restrictions lapse as a result of such Retirement or termination without Cause or for Good Reason, the Company shall not issue the shares of Stock payable under this Agreement until the date that is six months after the
date of the Employee’s Separation from Service due to Retirement, termination without Cause or termination for Good Reason. The Company shall cause to be delivered to the Employee in electronic or certificated form any shares of the Stock that
are to be issued under the terms of this Agreement in exchange for the RSUs awarded hereby, and such shares of the Stock shall be transferable by the Employee (except to the extent that any proposed transfer would, in the opinion of counsel
satisfactory to the Company, constitute a violation of applicable securities law). 
 (d) Notwithstanding anything to the contrary contained
herein, upon the death, Disability or Retirement (defined below) of the Employee or if the Employee’s employment with the Company and its Affiliates is terminated by the Company or its Affiliates without Cause (defined below), the Forfeiture
Restrictions shall lapse as to a portion of the RSUs that are awarded hereby determined by multiplying the total number of RSUs granted hereby by a fraction, the numerator of which is the total number of full calendar months between the Grant Date
and the date of termination of Employee’s employment with the Company and its Affiliates due to death, Disability or Retirement or by the Company or its Affiliates without Cause and the denominator is the total number of full calendar months
between the Grant Date and the Vesting 

 
Date. The portion of RSUs for which the Forfeiture Restrictions do not lapse in accordance with the previous sentence shall be forfeited to the Company and this Agreement shall terminate,
all on the date the Employee’s employment terminates. 
 (e) Notwithstanding anything to the contrary contained herein, if the
Employee’s employment with the Company and its Affiliates is terminated by the Company or its Affiliates without Cause (defined below) or by the Employee for Good Reason (defined below) within twelve months after a Change in Control (defined
below), then the Forfeiture Restrictions shall lapse as to all of the RSUs upon such termination of the Employee’s employment. 
 As
used herein, the following terms shall be defined as follows: 
 “Cause” means (i) Employee’s plea of guilty or nolo
contendre, or conviction of a felony or a misdemeanor involving moral turpitude; (ii) any act by Employee of fraud or dishonesty with respect to any aspect of the Company’s business including, but not limited to, falsification of Company
records; (iii) intentional engagement in misconduct by Employee that is materially injurious to the Company (monetarily or otherwise); (iv) Employee’s disparagement of Company; (v) commencement by Employee of employment with an unrelated
employer; (vi) material breach by the Employee of Employee’s employment agreement or letter, if any, with the Company or of any noncompete or non-solicitation agreement applicable to the Employee; (vii) material violation by Employee of any
Company written policies, including but not limited to any harassment and/or non-discrimination policies; or (viii) Employee’s gross negligence in the performance of Employee’s duties causing material harm to Company. 

“Change in Control” means a “change of control event,” as defined in the Treasury Regulations issued under Section
409A of the Code. 
 “Good Reason” means (i) a material adverse change in Employee’s position, authority, duties or
responsibilities, but not a change in reporting relationships, (ii) a reduction in Employee’s base salary or the taking of any action by the Company that would materially diminish the annual bonus opportunities of Employee from those provided
to Employee immediately prior to the Effective Date, (iii) the relocation of the Company’s principal executive offices by more than 50 miles from where such offices are located on the Date of Grant or Employee being based at any office other
than the principal executive offices of the Company, except for travel reasonably required in the performance of Employee’s duties and reasonably consistent with Employee’s travel prior to the Date of Grant, (iv) a material breach by the
Company of the Employee’s employment agreement or Letter, if any, with the Company, or (v) the failure of a successor to the Company to assume the Employment Agreement. Employee shall provide written notice of any such reduction, failure,
change or breach upon which Employee intends to rely as the basis for a Good Reason resignation to the Company, or its successor, within 45 days of the occurrence of such reduction, failure, change or breach. The Company, or its successor, shall
have 45 days following the receipt of such notice to remedy the condition constituting such reduction, change or breach and, if so remedied, any termination of Employee’s employment hereunder on the basis of the circumstances described in such
notice shall not be considered a Good Reason resignation. If the Company, or its successor, does not remedy the condition that has been the subject of a notice as described in this paragraph within 

 
45 days of the Company’s, or its successor’s, receipt of such notice, Employee must terminate his employment within 120 days following the occurrence of such condition in order for such
termination to be considered for Good Reason for purposes of this Agreement. 
 “Retirement” means the voluntary
termination of the Employee’s employment by the Employee from the Company and its Affiliates, that constitutes a Separation From Service, upon no less than 30 days prior written notice on a date that occurs after the Employee’s 60th birthday and after the Employee has completed at least seven full years of employment with the Company or any of its Affiliates. 

“Separation From Service” means a “separation from service” as that term is defined for purposes of Section 409A of
the Code and Final Department of Treasury Regulations issued thereunder. 
 5. Capital Adjustments and
Reorganizations. The existence of the RSUs shall not affect in any way the right or power of the Company or any company the stock of which is awarded pursuant to this Agreement to make or authorize any adjustment,
recapitalization, reorganization or other change in its capital structure or its business, engage in any merger or consolidation, issue any debt or equity securities, dissolve or liquidate, or sell, lease, exchange or otherwise dispose of all or any
part of its assets or business, or engage in any other corporate act or proceeding. 
 6. Tax Withholding. To the
extent that the receipt of the RSUs, the lapse of any Forfeiture Restrictions and/or the receipt of any payment under this Agreement results in income to the Employee for federal, state, local or foreign income, employment or other tax purposes with
respect to which the Company or any Affiliate has a withholding obligation, the Employee shall deliver to the Company at the time of such receipt, lapse or payment, as the case may be, such amount of money as the Company or any Affiliate may require
to meet its obligation under applicable tax laws or regulations, and, if the Employee fails to do so, the Company is authorized to withhold from the shares of the Stock issued under this Agreement or from any cash or stock remuneration then or
thereafter payable to the Employee in any capacity any tax required to be withheld by reason of such resulting income. 
 7. No
Fractional Shares. All provisions of this Agreement concern whole shares of the Stock. If the application of any provision hereunder would yield a fractional share, such fractional share shall be rounded down to the next
whole share if it is less than 0.5 and rounded up to the next whole share if it is 0.5 or more. 
 8. Employment
Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company and its Affiliates as long as the Employee has an employment relationship with the Company and its Affiliates. The
Committee shall determine any questions as to whether and when there has been a termination of such employment relationship, and the cause of such termination, under the Plan and the Committee’s determination shall be final and binding on all
persons. 
 9. Not an Employment Agreement. This Agreement is not an employment agreement, and no provision of
this Agreement shall be construed or interpreted to create an 

 
employment relationship between the Employee and the Company or any Affiliate, to guarantee the right to remain employed by the Company or any Affiliate for any specified term or require the
Company or any Affiliate to employ the Employee for any period of time. 
 10. Legend. The Employee consents to the
placing on the certificate for the shares of the Stock that may be issued under this Agreement an appropriate legend restricting resale or other transfer of the shares except in accordance with all applicable securities laws and rules thereunder.

 11. Notices. Any notice, instruction, authorization, request or demand required hereunder shall be in writing, and
shall be delivered either by personal delivery, by telecopy or similar facsimile means, by certified or registered mail, return receipt requested, or by courier or delivery service, addressed to the Company at the then current address of the
Company’s principal executive office, and to the Employee at the Employee’s residential address indicated beneath the Employee’s signature on the execution page of this Agreement, or at such other address and number as a party shall
have previously designated by written notice given to the other party in the manner hereinabove set forth. Notices shall be deemed given when received, if sent by facsimile means (confirmation of such receipt by confirmed facsimile transmission
being deemed receipt of communications sent by facsimile means); and when delivered (or upon the date of attempted delivery where delivery is refused), if hand-delivered, sent by express courier or delivery service, or sent by certified or
registered mail, return receipt requested. 
 12. Amendment and Waiver. Except as otherwise provided herein or in
the Plan or as necessary to implement the provisions of the Plan, this Agreement may be amended, modified or superseded only by written instrument executed by the Company and the Employee. Only a written instrument executed and delivered by the
party waiving compliance hereof shall make any waiver of the terms or conditions. Any waiver granted by the Company shall be effective only if executed and delivered by a duly authorized executive officer of the Company other than the
Employee. The failure of any party at any time or times to require performance of any provisions hereof shall in no manner effect the right to enforce the same. No waiver by any party of any term or condition, or the breach of any term or
condition contained in this Agreement, in one or more instances, shall be construed as a continuing waiver of any such condition or breach, a waiver of any other condition, or the breach of any other term or condition. 

13. Arbitration. In the event of any difference of opinion concerning the meaning or effect of the Plan or this Agreement,
such difference shall be resolved by the Committee. Any controversy arising out of or relating to the Plan or this Agreement shall be resolved by arbitration conducted in accordance with the terms of the Plan. The
arbitration shall be final and binding on the parties. 
 14. Governing Law and Severability. The validity,
construction and performance of this Agreement shall be governed by the laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the
substantive law of another jurisdiction. The invalidity of any provision of this Agreement shall not affect any other provision of this Agreement, which shall remain in full force and effect. 

 15. Successors and Assigns. Subject to the limitations which this Agreement
imposes upon the transferability of the RSUs granted hereby, this Agreement shall bind, be enforceable by and inure to the benefit of the Company and its successors and assigns, and to the Employee, the Employee’s executors, administrators,
agents, legal and personal representatives. 
 16. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be an original for all purposes but all of which taken together shall constitute but one and the same instrument. 

 IN WITNESS WHEREOF, the
Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and the Employee has executed this Agreement, all effective as of the date first above written. 

 

			
	RIGNET, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	EMPLOYEE:
	
	  

	Name:	 	
		
	Address:	 	  

		 	  

		 	  

 [Signature Page to Restricted Stock Unit Award Agreement]

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