Document:

Amended and Restated Affiliate Subordination Agreement

 Exhibit 10.6 
  
 AMENDED AND RESTATED AFFILIATE SUBORDINATION AGREEMENT 
  
 AMENDED AND RESTATED AFFILIATE SUBORDINATION AGREEMENT, dated as of July 14, 2004 (this
“Agreement”), among (i) Austin Ventures III-A, L.P., a Delaware limited partnership, Austin Ventures III-B, L.P., a Delaware limited partnership, Austin Ventures V, L.P., a Delaware limited partnership, Austin Ventures V
Affiliates Fund, L.P., a Delaware limited partnership (collectively, and jointly, severally and jointly and severally, “Austin Ventures”), (ii) Capital Resource Lenders II, L.P., a Delaware limited partnership
(“Capital Resources”), (iii) ABRY Partners IV, L.P., a Delaware limited partnership, ABRY Investment Partnership, L.P., a Delaware limited partnership (collectively, and jointly, severally and jointly and severally,
“ABRY”), (iv) New York Life Capital Partners II, L.P., a Delaware limited partnership (“NYLCAP”), (v) PPM America Private Equity Fund LP, a Delaware limited partnership (“PPM”),
(vi) The Northwestern Mutual Life Insurance Company (“NML”), (vii) Hull Family Limited Partnership, a Texas limited partnership (“Hull Partnership”), (viii) James Hull, individually, (ix) Robert
Sherman, individually, (x) Michael Gregory, individually, (xi) Michael Meyers, individually and (xii) Stephen Hedrick, individually (Austin Ventures, Capital Resources, ABRY, NYLCAP, PPM, NML, Hull Partnership, James Hull, Robert Sherman, Michael
Gregory, Michael Meyers, Stephen Hedrick, collectively the “Subordinated Creditors”, and each a “Subordinated Creditor”), and Fleet National Bank, as Secured Party for the Lenders from time to time
party to the credit agreement referred to below (in such capacity, the “Secured Party”). The Secured Party and the other Credit Parties referred to in the Credit Agreement referred to below are sometimes referred to herein
collectively as the “Senior Creditor”. 
  
 W I T N E S S E T H : 
  
 WHEREAS, on August 25, 2003
Monitronics International, Inc., a Texas corporation (the “Borrower”), the Secured Party, Bank of America, N.A., as syndication agent, and the Lenders party thereto entered into a Credit Agreement (as amended, modified,
supplemented and/or extended from time to time, the “Credit Agreement”, capitalized terms used herein and not otherwise defined shall have the same meanings herein as in the Credit Agreement), pursuant to which the Lenders
agreed, subject to the terms and conditions set forth therein, to make revolving credit loans and term loans to the Borrower (collectively, the “Loans”), such Loans to be evidenced by the Borrower’s Revolving Credit and
Term Notes, payable to the order of the respective Lenders (collectively, as amended, modified, supplemented and/or extended from time to time the “Notes”); 
  
 WHEREAS, on the date hereof, the Borrower, the Subordinated Creditors and certain other parties are engaging in a series of
transactions (collectively, the “Recapitalization”) pursuant to which, among other things, (i) the Borrower will amend its Organizational Documents to cancel its various existing series of preferred stock and create a new,
single series of preferred stock, (ii) the Borrower’s principal shareholders will exchange their existing shares of Capital Stock of the Borrower for shares of the new series of preferred stock or for common stock of the Borrower and in
connection therewith Borrower will redeem certain existing shares of Preferred Stock for an aggregate redemption price of approximately $5,300,000 and (iii) two of the Borrower’s shareholders will sell shares of the Borrower’s common stock
received in the share exchange described above to NYLCAP and PPM; 
  

 WHEREAS, on the date hereof, the Borrower, the Administrative Agent and the Required Lenders are entering
into a First Amendment to Credit Agreement (the “First Amendment”) to permit the Borrower to effect the Recapitalization, among other things; 
  
 WHEREAS, it is a condition to the execution and delivery of the First Amendment by the Administrative Agent and the Required
Lenders that the Subordinated Creditors and the Borrower enter into this Agreement; 
  
 WHEREAS, the Subordinated Creditors collectively own substantially all of the Capital Stock of the Borrower and will thereby benefit from the making of the Loans under the Credit Agreement; and 
  
 WHEREAS, the obligation of the Lenders to make Loans under the Credit
Agreement on and after the date hereof is subject to the conditions, among others, that the Subordinated Creditors shall have executed and delivered this Agreement and agreed to the subordination provisions contained herein, and the Subordinated
Creditors hereby enter into this Agreement to induce the Lenders to enter into the First Amendment and make the Loans from time to time under the Credit Agreement; 
  
 NOW, THEREFORE, in consideration of the willingness of the Administrative Agent and the Required Lenders to enter into the
First Amendment and the Lenders to agree, subject to the terms and conditions set forth in the Credit Agreement, to make the Loans to the Borrower from time to time pursuant thereto, and for other good and valuable consideration, receipt and
sufficiency of which is hereby acknowledged by the Subordinated Creditors, it is hereby agreed as follows: 
  
 1. Representations by Subordinated Creditors. 
  
 (a) Each Subordinated Creditor represents and warrants for itself to the Senior Creditor that (i) all Indebtedness of the
Borrower to such Subordinated Creditor, if any, is set forth in Schedule 4.4 to the Credit Agreement, (ii) such Indebtedness, if any, is not subject to any currently effective assignment to or subordination in favor of any other Person and that such
Subordinated Creditor holds no security therefor, and (iii) the rights associated with the Capital Stock established under the Borrower’s Articles of Incorporation, as amended through the date hereof, or warrants issued by the Borrower to the
Subordinated Creditors are the only rights or options held by such Subordinated Creditor to acquire additional shares of any class or series of Capital Stock of the Borrower. 
  
 (b) Each Subordinated Creditor that is a business entity is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its formation and has all necessary power and authority to enter into this Agreement, to carry out its respective obligations hereunder and to consummate the transactions contemplated
hereby. The execution and delivery of this Agreement by such Subordinated Creditor, the performance by such Subordinated Creditor of its respective obligations hereunder, and the consummation by such Subordinated Creditor of the transactions
contemplated hereby have been duly authorized by all requisite limited partnership, corporate, limited liability company or other analogous powers on the part of such Subordinated Creditor that is a business entity. This Agreement has been duly
executed and delivered by such Subordinated Creditor, and (assuming due authorization, execution and delivery by the Secured 

  

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Party) this Agreement constitutes the legal, valid and binding obligation of such Subordinated Creditor, enforceable against such Subordinated Creditor in
accordance with its terms, except as such enforcement may be limited by applicable Debtor Relief Laws generally and by general equity principles (whether enforcement is sought at law or in equity). 
  
 (c) Each Subordinated Creditor agrees and
acknowledges that this Agreement is a “subordination agreement” within the meaning of Section 510(a) of the United States Bankruptcy Code, 11 U.S.C §510(a). 
  
 2. Subordination; Limitation on Sale Right During an Event of Default. 
  
 (a) Subordination. Each
Subordinated Creditor hereby subordinates (i) all present and future Indebtedness of the Borrower to such Subordinated Creditor and (ii) any and all obligations or liabilities of the Borrower and any rights of such Subordinated Creditor now existing
or hereafter arising, absolute or contingent, arising by contract, at law or otherwise, with respect to dividends payable on the Capital Stock, the purchase, redemption or other acquisition by the Borrower of such Capital Stock and any other amount
payable to the holders of such Capital Stock as such (collectively the “Subordinated Indebtedness”), to any and all Indebtedness now or hereafter owing by the Borrower (including any interest accruing after the commencement
of any proceeding by or against the Borrower under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law, and any other interest that would have accrued but
for the commencement of such proceeding, whether or not any such interest is allowed as a claim enforceable against the Borrower in such proceeding) to the Senior Creditor (the “Senior Indebtedness”) to the extent and in the
manner hereinafter set forth, and such Subordinated Creditor agrees not to demand, accept or receive any payment in respect of the Subordinated Indebtedness, including, without limitation, any payment received through the exercise of any right of
setoff, counterclaim or cross claim, or any collateral therefor, or any right to cause the Borrower to redeem, purchase, assume or otherwise retire the Subordinated Indebtedness, in contravention hereof: 
  
 (i) In the event of any insolvency or
bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to the Borrower or to its creditors, as such, or to its properties, or in the event of any proceedings for
voluntary liquidation, dissolution or other winding up of the Borrower, whether or not involving insolvency or bankruptcy, then the Senior Creditor shall be entitled to receive payment in full in cash of all of the Senior Indebtedness before such
Subordinated Creditor is entitled to receive any payment in respect of the Subordinated Indebtedness (except securities which are subordinate and junior in right of payment to all Senior Indebtedness then outstanding), and to that end the holder of
the Senior Indebtedness shall be entitled to receive for application in payment thereof any payment or distribution of any kind or character, whether in cash or property or securities, which may be payable or deliverable in any such proceedings in
respect of the Subordinated Indebtedness; and 
  
 (ii) No amount shall be paid (except in securities which are subordinate and junior in right of payment to all Senior Indebtedness then outstanding, it being 

  

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understood that all such securities shall constitute “Subordinated Indebtedness” hereunder), whether in cash, property, or securities
or otherwise, and the Subordinated Creditors will not exercise any rights with respect to the Capital Stock, in respect of the Subordinated Indebtedness, except as expressly permitted under the Credit Agreement or the Pledge Agreement. 

 
 (b) Limitation on Sale Rights During
an Event of Default. Notwithstanding any provision to the contrary in any agreement between the Borrower and the Subordinated Creditors, in the event of the enforcement by the Senior Creditor of its rights during the existence of an Event of
Default that shall be continuing after applicable grace and cure periods, the Subordinated Creditors may not exercise any rights under any agreement between the Borrower and the Subordinated Creditors involving rights to block a Change in Control of
the Borrower or a public offering of the Borrower’s common stock. 
  
 3. Limitations on Remedies. So long as any Senior Indebtedness is outstanding, no Subordinated Creditor shall (i) as a holder of Subordinated Indebtedness commence or join (unless the Senior Creditor shall also join) in any
involuntary proceeding against the Borrower or any of its Subsidiaries under any bankruptcy, reorganization, readjustment of debt, arrangement of debt, receivership, liquidation or insolvency law or statute of any federal or state government, or
(ii) commence any action or proceeding against the Borrower or any of its Subsidiaries to enforce payment of all or any part of the Subordinated Indebtedness. Notwithstanding the foregoing, nothing contained herein shall prohibit or otherwise
restrict the Borrower or any of its Subsidiaries from filing any voluntary proceeding under any bankruptcy, reorganization, readjustment of debt, arrangement of debt, receivership, liquidation or insolvency law or statute of any federal or state
government. 
  
 4. Delivery of Payments. If, prior
to the satisfaction of the Senior Indebtedness in full in cash and the termination of the obligation of the Senior Creditor to make Loans to the Borrower under the Credit Agreement and the documents related thereto, any of the Subordinated Creditors
receives any payment with respect to any of the Subordinated Indebtedness (except payment, if any, expressly permitted under the Credit Agreement), or any security for or on account of the Subordinated Indebtedness, such Subordinated Creditor shall
forthwith deliver such payment or security to the Secured Party for the benefit of the Senior Creditor, in precisely the form received, except for such Subordinated Creditor’s endorsement when necessary, to be applied in payment of (or if no
Default or Event of Default shall then be continuing, to be held by the Senior Creditor as security for) the Senior Indebtedness and until so delivered, such payment or security shall be held in trust by such Subordinated Creditor as the property of
the Senior Creditor. In the event of the failure of such Subordinated Creditor to endorse any instrument for the payment of money so received by such Subordinated Creditor, the Secured Party for the benefit of the Senior Creditor is irrevocably
appointed attorney for such Subordinated Creditor with full power to make such endorsement and with full power of substitution. 
  
 5. Further Assurances. In order to carry out the terms and intent of this Agreement more effectively, the Subordinated Creditors will do all
acts and execute all further documents and instruments necessary or convenient to preserve for the Senior Creditor the benefits of this Agreement. 
  

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 6. Waivers, etc. No action which the Senior Creditor, or the Borrower, may take or refrain
from taking with respect to any Senior Indebtedness, or any note or notes representing the same, or any collateral therefor, including any waiver or release thereof or of any agreement or agreements (including guaranties) in connection therewith,
shall affect this Agreement or the obligations of the Subordinated Creditors hereunder. No waiver shall be deemed to be made by the Senior Creditor of any of its rights hereunder unless the same shall be in writing and then only with respect to the
specific instance involved, and shall in no way impair or offset the rights of the Senior Creditor or the obligations of the Subordinated Creditors in any other respect or at any other time. 
  
 7. Transfer. The Subordinated Creditors may transfer, sell or
otherwise dispose of all or a portion of the Subordinated Indebtedness, but only on the condition that a transferee of the Subordinated Indebtedness first becomes a party hereto; provided, however, that in the event that there shall exist an Event
of Default under the Credit Agreement on account of the Borrower’s failure to pay principal or interest on any Note when the same is due and payable (whether at maturity, upon acceleration or otherwise) or on account of the Borrower’s
failure to perform or comply with any covenant or term contained in Sections 8.16 or 8.17 of the Credit Agreement, and such Event of Default shall be continuing after applicable grace and cure periods, the Subordinated Creditors may not transfer any
of the Subordinated Indebtedness without the prior written consent of the Lenders, which consent shall not be unreasonably withheld or delayed. 
  
 8. Miscellaneous. This Agreement shall be binding upon the Subordinated Creditors and the Borrower and their respective heirs, legal
representatives, successors and assigns and shall inure to the benefit of the Senior Creditor and its legal representatives, successors and assigns (including without limitation any transferee of any Senior Indebtedness). This Agreement may be
executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of the counterparts shall together constitute one and the same
instrument. 
  
 9. Governing Law; Jurisdiction; Waiver of
Jury Trial. This Agreement, including the validity hereof and the rights and obligations of the parties hereunder, shall be governed by, and construed in accordance with, the internal laws (as opposed to the conflicts of law provisions, but
including sections 5-1401 and 5-1402 of the general obligations law of the State of New York) and decisions of the State of New York. Each party hereto hereby irrevocably submits to the nonexclusive jurisdiction of any New York or Federal court
sitting in the City of New York, New York over any suit, action or proceeding arising out of or relating to this Agreement and waives, to the fullest extent permitted or not prohibited by law, any objection which it may now or hereafter have to the
laying of the venue of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING

  

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WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 9. 
  
 10. Amendments to
Senior Indebtedness. Notwithstanding anything contained in this Agreement to the contrary, the Senior Creditor shall not, without the prior written consent of the Subordinated Creditors, (a) increase the stated principal amount of the Senior
Indebtedness to an amount in excess of the Aggregate Commitment from time to time in effect under the Credit Agreement (up to $470,000,000) plus $47,000,000, or (b) extend the Revolving Loan Maturity Date or the Term Loan Maturity Date or any
Incremental Term Loan Maturity Date more than sixty (60) days. 
  
 11. Amendment and Restatement. This Agreement amends, restates and supersedes the Affiliate Subordination Agreement dated as of August 25, 2003 among the Borrower, the Subordinated Creditors named therein and the Senior
Creditor. 
  
 [Signature page follows] 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as a sealed instrument as of the date
first above written. 
  

			
	 AUSTIN VENTURES III-A, L.P.

	 By:
	 	 AV Partners III, L.P.,

	 	 	 General Partner

		
	 By:
	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner

	 	 	 Authorized Signatory

	
	 AUSTIN VENTURES III-B, L.P.

	 By:
	 	 AV Partners III, L.P.,

	 	 	 General Partner

		
	 By:
	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner

	 	 	 Authorized Signatory

	
	 AUSTIN VENTURES V, L.P.

	 By:
	 	 AV Partners V, L.P.

	 	 	 Its General Partner

		
	 By:
	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner,

	 	 	 General Partner

	
	 AUSTIN VENTURES V AFFILIATES FUND, L.P.

	 By:
	 	 AV Partners V, L.P.

	 	 	 Its General Partner

		
	 By:
	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner

	 	 	 General Partner

  

			
	 CAPITAL RESOURCE LENDERS II, L.P.

	 By:
	 	 Capital Resource Partners II, L.P.,

	 	 	 Its General Partner

		
	 By:
	 	 /s/ Robert Ammerman

	 	 	 Its General Partner

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

	
	NEW YORK LIFE CAPITAL PARTNERS II, L.P.
	 By:
	 	 NYLCAP Manager LLC,

	 	 	 Its General Partner

					
		
	 By:
	 	 /s/ John E. Schumacher

	 	 	 Name: John E. Schumacher

	 	 	 Title:
	 	 

			
	
	 PPM AMERICA PRIVATE EQUITY FUND LP

	 By:
	 	 PPM America Capital Partners, LLC,

	 	 	 Its General Partner

		
	 By:
	 	 /s/ Bruce Saewitz

	 	 	 Name:  Bruce Saewitz

	 	 	 Title:  Senior Partner

		
	 By:
	 	 /s/ Austin Krumpfes

	 	 	 Name:  Austin Krumpfes

	 	 	 Title:  Associate

  

			
	ABRY PARTNERS IV, L.P.
	 By:
	 	 ABRY Capital Partners, L.P.,

	 	 	 its general partner

		
	By:	 	 /s/ Jay M. Grossman

	 	 	 Name: Jay M. Grossman

	 	 	 Title:

	
	 ABRY INVESTMENT PARTNERSHIP, L.P.

	 By:
	 	 ABRY Investment GP, LLC,

	 	 	 its general partner

		
	 By:
	 	 /s/ Jay M. Grossman

	 	 	 Name: Jay M. Grossman

	 	 	 Title:

	
	 HULL FAMILY LIMITED PARTNERSHIP

	 By:
	 	 James R. Hull Management Trust,

	 	 	 Its General Partner

		
	 By:
	 	 /s/ James R. Hull

	 	 	 James R. Hull, Trustee

	
	
	 /s/ James R. Hull

	 James R. Hull, individually

	 c/o Monitronics International, Inc.

	 12801 Stemmons Freeway, Suite 821

	 Dallas, Texas 75234

	
	 /s/ Robert Sherman

	 Robert Sherman, individually

	 c/o Monitronics International, Inc.

	 12801 Stemmons Freeway, Suite 821

	 Dallas, Texas 75234

  

	
	
	 /s/ Michael Meyers

	 Michael Meyers, individually
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, Texas 75234

	
	 /s/ Michael Gregory

	 Michael Gregory, individually
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, Texas 75234

	
	 /s/ Stephen Hedrick

	 Stephen Hedrick, individually
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, Texas 75234

  

			
	 THE NORTHWESTERN MUTUAL LIFE
 INSURANCE COMPANY

		
	By:	 	 /s/ David A. Barras

	 	 	 Name: David A. Barras

	 	 	 Title: Its Authorized Representative

  

			
	 FLEET NATIONAL BANK,
 as Secured Party

		
	By:	 	 /s/ John F. Lynch

	 	 	 Name: John F. Lynch

	 	 	 Title: Senior Vice President

  
 ACKNOWLEDGMENT:

  
 The Borrower hereby acknowledges notice of the within and
foregoing Amended and Restated Affiliate Subordination Agreement and agrees to be bound by all of the terms, provisions and conditions hereof. 
  

			
	 MONITRONICS INTERNATIONAL, INC.

		
	By:	 	 /s/ James R. Hull

	 	 	 Name: James R. Hull

	 	 	 Title: President and CEOAmended and Restated Pledge Agreement

 Exhibit 10.10 
  
 AMENDED AND RESTATED PLEDGE AGREEMENT 
  
 AMENDED AND RESTATED PLEDGE AGREEMENT, dated as of July 14, 2004 (this “Agreement”), among (i)
Austin Ventures III-A, L.P., a Delaware limited partnership, Austin Ventures III-B, L.P., a Delaware limited partnership, Austin Ventures V, L.P., a Delaware limited partnership, Austin Ventures V Affiliates Fund, L.P., a Delaware limited
partnership (collectively, and jointly, severally and jointly and severally, “Austin Ventures”), (ii) Capital Resource Lenders II, L.P., a Delaware limited partnership (“Capital Resources”), (iii) ABRY
Partners IV, L.P., a Delaware limited partnership, ABRY Investment Partnership, L.P., a Delaware limited partnership (collectively, and jointly, severally and jointly and severally, “ABRY”), (iv) New York Life Capital
Partners II, L.P., a Delaware limited partnership (“NYLCAP”), (v) PPM America Private Equity Fund LP, a Delaware limited partnership (“PPM”), (vi) Hull Family Limited Partnership, a Texas limited
partnership (“Hull Partnership”), (vii) James Hull, individually, (viii) Robert Sherman, individually, (ix) Michael Gregory, individually, (x) Michael Meyers, individually and (xi) Stephen Hedrick, individually (Austin
Ventures, Capital Resources, ABRY, NYLCAP, PPM, Hull Partnership, James Hull, Robert Sherman, Michael Gregory, Michael Meyers, Stephen Hedrick, collectively the “Pledgors”, and each a “Pledgor”), and
Fleet National Bank, as Administrative Agent for the Lenders from time to time party to the credit agreement referred to below (in such capacity, the “Secured Party”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, on August 25, 2003, Monitronics International, Inc., a Texas
corporation (the “Borrower”), the Secured Party, Bank of America, N.A., as syndication agent, and the Lenders referred to therein entered into a Credit Agreement dated (as amended, modified, supplemented and/or extended from
time to time, the “Credit Agreement”, capitalized terms used herein and not otherwise defined shall have the same meanings herein as in the Credit Agreement), pursuant to which the Lenders have agreed, subject to the terms
and conditions set forth therein, to make revolving credit loans, swing line loans and term loans to the Borrower (collectively, the “Loans”), such Loans to be evidenced by the Borrower’s Revolving Credit and Term Notes,
payable to the order of the respective Lenders (collectively, as amended, modified, supplemented and/or extended from time to time the “Notes”); 
  
 WHEREAS, on the date hereof, the Borrower, the Pledgors and certain other parties are engaging in a series of transactions
(collectively, the “Recapitalization”) pursuant to which, among other things, (i) the Borrower will amend its Organizational Documents to cancel its various existing series of preferred stock and create a new, single series
of preferred stock, (ii) the Borrower’s principal shareholders will exchange their existing shares of Capital Stock of the Borrower for shares of the new series of preferred stock or for common stock of the Borrower and in connection therewith
Borrower will redeem certain existing shares of Preferred Stock for an aggregate redemption price of approximately $5,300,000 and (iii) two of the Borrower’s shareholders will sell shares of the Borrower’s common stock received in the
share exchange described above to NYLCAP and PPM; 
  

 WHEREAS, on the date hereof, the Borrower, the Administrative Agent and the Required Lenders are entering
into a First Amendment to Credit Agreement (the “First Amendment”) to permit the Borrower to effect the Recapitalization, among other things; 
  
 WHEREAS, it is a condition to the execution and delivery of the First Amendment by the Administrative Agent and the Required
Lenders that the Pledgors and the Borrower enter into this Agreement; 
  
 WHEREAS, the Pledgors collectively own substantially all of the Capital Stock of the Borrower and will thereby benefit from the making of the Loans under the Credit Agreement; and 
  
 WHEREAS, the obligation of the Lenders to make Loans under the Credit
Agreement from time to time is subject to the condition, among others, that the Pledgors shall have executed and delivered this Agreement and granted the security interests hereinafter described, and the Pledgors hereby enter into this Agreement and
pledge the Pledged Collateral (as herein defined) to the Secured Party to induce the Lenders to enter into the First Amendment and make Loans from time to time under the Credit Agreement; 
  
 NOW, THEREFORE, in consideration of the willingness of the Administrative Agent and the Required Lenders to enter into the
First Amendment and the Lenders to agree, subject to the terms and conditions set forth therein, to make the Loans to the Borrower from time to time pursuant to the Credit Agreement, and for other good and valuable consideration, receipt and
sufficiency of which is hereby acknowledged by the Pledgors, it is hereby agreed as follows: 
  
 1. Security Interest. The Pledgors hereby deposit with and pledge to the Secured Party, for the benefit of the Credit Parties, the shares of capital stock of the Borrower (the
“Pledged Stock”), the warrants together with the shares of common stock issuable upon exercise thereof (the “Pledged Warrants”) and the promissory notes, if any, of the Borrower payable to the Pledgors
(the “Pledged Notes”) listed in Schedule I attached hereto (the Pledged Stock, the Pledged Warrants, the Pledged Notes, and any additional securities or collateral now or hereafter pledged hereunder are sometimes
herein referred to collectively as the “Pledged Collateral”), and the Pledgors hereby grant to the Secured Party, for the benefit of the Credit Parties, a security interest in and lien on all of the Pledged Collateral as
security for the due and punctual payment and performance of the Secured Obligations described in Section 2 hereof. 
  
 2. Secured Obligations. The security interest hereby granted shall secure the due and punctual payment and performance of the
Obligations under the Credit Agreement and the other Loan Documents, including without limitation, the following (herein called the “Secured Obligations”): 
  
 (a) Principal of and premium, if any, and interest on the Notes (including, without
limitation, the payment of interest and other amounts that would accrue and become due but for the filing of a petition in bankruptcy or the operation of the automatic stay under Section 362(a) of Title 11 of the United States Code, as amended); and

  
 (b) Any and all other
obligations of the Borrower to the Secured Party and/or the Credit Parties under the Credit Agreement or under any other Loan Document. 
  

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 Notwithstanding the foregoing, the Secured Party and/or the Credit Parties shall not, without the prior
written consent of the Pledgors, (a) increase the stated principal amount of the Secured Obligations to an amount in excess of the Aggregate Commitments from time to time in effect under the Credit Agreement (up to $470,000,000) plus
$47,000,000, or (b) extend the Revolving Loan Maturity Date, the Term Loan Maturity Date or any Incremental Term Loan Maturity Date more than sixty (60) days. 
  
 3. Special Warranties and Covenants by each Pledgor. Each Pledgor hereby warrants and covenants
for itself to the Secured Party and each Lender that: 
  
 (a) Such Pledgor’s Pledged Collateral is duly and validly pledged with the Secured Party, for the benefit of the Credit Parties, in accordance with law and such Pledgor warrants and will defend the Secured Party’s
right, title and security interest in and to such Pledged Collateral against the claims and demands of all persons whomsoever. 
  
 (b) Such Pledgor has good title to such Pledgor’s Pledged Collateral, free and clear of all claims, mortgages, pledges,
and Liens except as may be expressly set forth and permitted under the Credit Agreement. 
  
 (c) All of such Pledgor’s Pledged Stock has been duly and validly issued and is fully paid and nonassessable.

  
 (d) As of the First Amendment
Closing Date, the Pledged Stock and Pledged Warrants include all of the issued and outstanding capital stock and warrants of the Borrower issued to such Pledgor. The Pledged Notes include all promissory notes, instruments or other evidences of
Indebtedness of any kind or nature payable to such Pledgor by the Borrower. 
  
 (e) Such Pledgor may (i) transfer or otherwise dispose of all or a portion of such Pledgor’s Pledged Collateral in connection with any redemption of Capital Stock expressly permitted by the Credit
Agreement or (ii) otherwise transfer, sell or dispose of all or a portion of such Pledgor’s Pledged Collateral on the condition that the transferee of such Pledged Collateral first becomes a party hereto; provided, however, that
in the event that there shall exist an Event of Default under the Credit Agreement on account of the Borrower’s failure to pay principal or interest on any Note when the same is due and payable (whether at maturity, upon acceleration or
otherwise) or on account of the Borrower’s failure to perform or comply with any covenant or term contained in Sections 8.16 or 8.17 of the Credit Agreement, and such Event of Default shall be continuing after applicable grace and cure periods,
such Pledgor may not transfer any of such Pledged Collateral without the prior written consent of the Lenders, which consent shall not be unreasonably withheld or delayed. 
  
 (f) If any additional Capital Stock of the Borrower or if any promissory notes or other
evidence of Indebtedness of the Borrower or other Capital Stock of the Borrower is acquired by such Pledgor after the date hereof whether pursuant to option agreements or otherwise, the same shall constitute Pledged Collateral and shall be deposited
and pledged with the Secured Party, for the benefit of the Credit Parties, as provided in Section 1 hereof simultaneously with such acquisition. Such Pledgor will promptly notify the Secured Party of the date and amount of any loans made from time
to time by such Pledgor to the Borrower. 
  

 3 

 (g) Such Pledgor will not create, incur or permit to exist any Lien or any
security interest whatsoever with respect to any of such Pledgor’s Pledged Collateral or the proceeds thereof, other than Liens on and security interests in such Pledged Collateral created hereby or which are otherwise expressly permitted under
the Credit Agreement. 
  
 (h) Such
Pledgor will not consent to or approve the issuance of any additional shares of capital stock of any class of the Borrower, except pursuant to warrants, options or other instruments exercisable or convertible into capital stock of the Borrower which
are outstanding as of the First Amendment Closing Date or subsequent options granted to employees or granted under the Option Plans, or except as may be expressly permitted by and in accordance with the terms of the Credit Agreement, provided
that any such additional shares of capital stock issued to such Pledgor shall be deposited and pledged with the Secured Party simultaneously with such issuance as provided in Section 1 hereof. 
  
 (i) Such Pledgor has all necessary power and
authority to enter into this Agreement, to carry out its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by such Pledgor, the performance by such Pledgor of its obligations
hereunder, and the consummation by such Pledgor of the transactions contemplated hereby have been duly authorized by all requisite action on the part of such Pledgor. This Pledge Agreement has been duly executed and delivered by such Pledgor, and
(assuming due authorization, execution and delivery by the Secured Party) this Agreement constitutes the legal, valid and binding obligation of such Pledgor, enforceable against such Pledgor in accordance with its terms, except as such enforcement
may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors rights generally and by general equity principles (whether enforcement is sought at law or in equity). 
  
 4. Distributions. In case, upon the dissolution,
winding up, liquidation or reorganization of the Borrower whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshaling of the assets and liabilities of the Borrower or
otherwise, any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Party to be held as collateral security for the Secured Obligations. In case any
stock dividend shall be declared on any of the Pledged Collateral, or any share of stock or fraction thereof shall be issued pursuant to any stock split involving any of the Pledged Collateral, or any distribution of capital (including cash
dividends, except those expressly allowed under the Credit Agreement) shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or
reclassification of the capital of the Borrower, the shares or other property so distributed shall be delivered to the Secured Party to be held as collateral security for the Secured Obligations. 
  
 5. Events of Default. There shall exist a default
under this Agreement upon the happening of any of the following events or conditions (herein called “Events of Default”): 
  
 (a) Any Event of Default (as defined or provided in the Credit Agreement) shall occur and such Event of Default shall
continue beyond the expiration of the applicable period of grace, if any; or 
  

 4 

 (b) There shall be a material breach of any term or provision contained
herein, or any representation and/or warranty made in this Agreement or in any document executed or delivered from time to time in connection herewith is untrue or misleading in any material respect. 
  
 6. Rights and Remedies of Secured Party. Upon the
occurrence and continuance of any Event of Default, such default not having previously been remedied or cured within any applicable grace or cure periods, the Secured Party shall have the following rights and remedies with respect to the Pledged
Collateral: 
  
 (a) All rights and
remedies provided by law, including, without limitation, those provided by the New York Uniform Commercial Code as in effect from time to time (the “Uniform Commercial Code”); 
  
 (b) All rights and remedies provided in this Agreement; and 
  
 (c) All rights and remedies provided in the
Credit Agreement, the Notes, the Security Documents or in any other Loan Document, other agreement, document or instrument pertaining to the Secured Obligations. 
  
 The rights and remedies of the Secured Party set forth above shall be exercisable only in connection with a foreclosure on
the Pledged Collateral in accordance with the terms hereof. The rights and remedies of the Secured Party under this Pledge Agreement against the Pledgor shall be limited to foreclosure on such Pledged Collateral, and the Secured Party shall not have
the right to commence any action against the Pledgors for any deficiency remaining in respect of the Secured Obligations after the exercise of the rights of the Secured Party against the Pledged Collateral in accordance with terms of this Pledge
Agreement. The Pledgors may exercise their rights under the Pledged Warrants at any time prior to any foreclosure thereon by the Secured Party and any stock receivable by the Pledgors upon any such exercise shall be delivered to the Secured Party as
Pledged Collateral hereunder. 
  
 7. Right to
Transfer into Name of Secured Party, etc. In case there shall exist an Event of Default that shall be continuing after applicable grace and cure periods, but subject to the provisions of the Uniform Commercial Code or other applicable law,
the Secured Party may cause all or any of the Pledged Collateral to be transferred into its name or into the name of its nominee or nominees. So long as no Event of Default shall exist and be continuing, the Pledgors shall be entitled to exercise as
the Pledgors shall deem fit, but in a manner not inconsistent with the terms hereof or of the Secured Obligations, the voting power with respect to the Pledged Collateral. 
  
 8. Right of Secured Party to Exercise Voting Power, etc. In case there shall exist an Event of
Default, which shall not have been remedied or cured, the Secured Party, until such Event of Default has been remedied or cured in accordance with the Credit Agreement shall be entitled to exercise the voting power with respect to the Pledged
Collateral, to receive and retain, as collateral security for the Secured Obligations, any and all dividends or other distributions at any time and from time to time declared or made upon any of the Pledged Collateral, and to exercise any and all
rights of payment, conversion, exchange, subscription or any other rights, 

  

 5 

 
privileges or options pertaining to the Pledged Collateral as if it were the absolute owner thereof, including without limitation, the right to exchange, at
its discretion, any and all of the Pledged Collateral upon the merger, consolidation, reorganization, recapitalization or other readjustment of the Borrower or, upon the exercise of any such right, privilege or option pertaining to the Pledged
Collateral, and in connection therewith, to deposit and deliver any and all of the Pledged Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Secured Party may
determine, all without liability except to account for property actually received, but the Secured Party shall have no duty to exercise any of the aforesaid rights, privileges or options and shall not be responsible for any failure to do so or delay
in so doing. 
  
 9. Right of Secured Party to
Dispose of Collateral, etc. Upon the occurrence and continuance of an Event of Default, such default not having previously been remedied or cured within any applicable grace or cure periods, the Secured Party shall have the right, unless the
Event of Default shall have been remedied or cured in accordance with the Credit Agreement prior to taking any such actions, at any time or times thereafter to sell, resell, assign and deliver all or any of the Pledged Collateral in one or more
parcels at any exchange or broker’s board or at public or private sale; provided, however, that the Secured Party shall not sell, resell, assign or deliver any of the Pledged Collateral unless (a) the Secured Party shall sell,
resell, assign and deliver all of the Pledged Collateral and (b) simultaneously therewith, the Secured Party shall also sell, resell, assign and deliver all other shares of (and warrants for) capital stock of the Borrower held in pledge by the
Secured Party at the time of such sale. Unless the Pledged Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, the Secured Party will give the Pledgors at least ten (10)
days’ prior written notice at the respective addresses of the Pledgors specified in Section 17 hereof of the time and place of any public sale thereof or of the time after which any private sale or any other intended disposition thereof is to
be made. Any such notice shall be deemed to meet any requirement hereunder or under any applicable law (including the Uniform Commercial Code) that reasonable notification be given of the time and place of such sale or other disposition. Such notice
may be given without any demand of performance or other demand, all such demands being hereby expressly waived by the Pledgors. All such sales shall be conducted in a commercially reasonable manner and shall be at such commercially reasonable price
or prices as the Secured Party shall deem best and either for cash or on credit or for future delivery (without assuming any responsibility for credit risk). At any such sale or sales the Secured Party may purchase any or all of the Pledged
Collateral to be sold thereat upon such terms as the Secured Party may deem best. Upon any such sale or sales the Pledged Collateral so purchased shall be held by the purchaser absolutely free from any claims or rights of whatsoever kind or nature,
including any equity of redemption and any similar rights, all such equity of redemption and any similar rights being hereby expressly waived and released by the Pledgors. In the event any consent, approval or authorization of any governmental
agency will be necessary to effectuate any such sale or sales, the Pledgors shall execute, and hereby agree to cause the Borrower to execute, all such applications or other instruments as may be required. The proceeds of any such sale or sales,
together with any other additional collateral security at the time received and held hereunder, shall be received and applied: first, to the payment of all costs and expenses of such sale, including reasonable attorneys’ fees; second, to the
payment of the Secured Obligations in such order of priority as the Secured Party shall determine, and any surplus thereafter remaining 

  

 6 

 
shall be paid to the Pledgors or to whomever may be legally entitled thereto (including, if applicable, any subordinated creditor of the Borrower or the
Pledgors). 
  
 The Pledgors recognize that the Secured Party may
be unable to effect a public sale of all or a part of the Pledged Collateral by reason of certain prohibitions contained in the Securities Act of 1933, but may be compelled to resort to one or more private sales to a restricted group of purchasers,
each of whom will be obligated to agree, among other things, to acquire such Pledged Collateral for its own account, for investment and not with a view to the distribution or resale thereof. The Pledgors acknowledge that private sales so made may be
at prices and upon other terms less favorable to the seller than if such Pledged Collateral were sold at public sales, and that the Secured Party has no obligation to delay sale of any such Pledged Collateral for the period of time necessary to
permit such Pledged Collateral to be registered for public sale under the Securities Act of 1933. The Pledgors agree that any such private sales shall not be deemed to have been made in a commercially unreasonable manner solely because they shall
have been made under the foregoing circumstances. 
  
 10.
Collection of Amounts Payable on Account of Pledged Collateral, etc. Upon the occurrence and during the continuance of any Event of Default, the Secured Party may, but without obligation to do so, demand, sue for and/or collect
any money or property at any time due, payable or receivable, to which it may be entitled hereunder, on account of or in exchange for any of the Pledged Collateral and shall have the right, for and in the name, place and stead of the Pledgors, to
execute endorsements, assignments or other instruments of conveyance or transfer with respect to all or any of the Pledged Collateral. 
  
 11. Care of Pledged Collateral in Secured Party’s Possession. Beyond the exercise of reasonable care to assure the safe
custody of the Pledged Collateral while held hereunder, the Secured Party shall have no duty or liability to collect any sums due in respect thereof or to protect or preserve rights pertaining thereto, and shall be relieved of all responsibility for
the Pledged Collateral upon surrendering the same to the Pledgors. 
  
 12. Waivers, etc. The Pledgors hereby waive presentment, demand, notice, protest and, except as is otherwise provided herein, all other demands and notices in connection with this Agreement or the enforcement of
the Secured Party’s rights hereunder or in connection with any Secured Obligations or any Pledged Collateral; consent to and waive notice of the granting of renewals, extensions of time for payment or other indulgences to the Borrower or the
Pledgors or to any third party, or substitution, release or surrender of any collateral security for any Secured Obligation, the addition or release of persons primarily or secondarily liable on any Secured Obligation or on any collateral security
for any Secured Obligation, the acceptance of partial payments on any Secured Obligation or on any collateral security for any Secured Obligation and/or the settlement or compromise thereof. No delay or omission on the part of the Secured Party in
exercising any right hereunder shall operate as a waiver of such right or of any other right hereunder. Any waiver of any such right on any one occasion shall not be construed as a bar to or waiver of any such right on any future occasion. Each
Pledgor further waives any right it may have under the constitutions of any state in which any of the Pledged Collateral may be located or under the Constitution of the United States of America, to notice (other than any requirement of notice
provided herein) or to a judicial hearing prior to the exercise of any right or remedy provided by this Agreement to the Secured Party and waives its right, if any, to set 

  

 7 

 
aside or invalidate any sale duly consummated in accordance with the foregoing provisions hereof on the grounds (if such be the case) that the sale was
consummated without a prior judicial hearing. The Pledgors’ waivers under this section have been made voluntarily, intelligently and knowingly and after the Pledgors have been apprised and counseled by their attorneys as to the nature thereof
and its possible alternative rights. 
  
 13.
Termination; Assignment, etc. This Agreement and the security interest in the Pledged Collateral created hereby shall terminate when all of the Secured Obligations have been paid and finally discharged in full in cash or Cash
Equivalents and all of the Commitments under the Credit Agreement are no longer in effect. For all purposes of this Agreement, no Default or Event of Default shall be deemed to have been cured or waived except as expressly provided in the Credit
Agreement. No waiver by the Secured Party or any Lender or by any other holder of Secured Obligations of any default shall be effective unless in writing nor operate as a waiver of any other default or of the same default on a future occasion. In
the event of a sale or assignment by any Lender of all or any of the Secured Obligations held by it in accordance with the terms of the Credit Agreement, such Lender may assign or transfer its rights and interest under this Agreement in whole or in
part to the purchaser or purchasers of such Secured Obligations, whereupon such purchaser or purchasers shall become vested with all of the powers and rights of such Lender hereunder, and such Lender shall thereafter be forever released and fully
discharged from any liability or responsibility hereunder with respect to the rights and interest so assigned. At the sole expense of the Pledgors following termination of this Agreement and the termination of the Secured Party’s security
interest in the Pledged Collateral, the Secured Party shall return all Pledged Stock and other Pledged Collateral in its possession to the Pledgors (or to the Borrower, as agent for the Pledgors) and shall execute and deliver to the Pledgors such
other documents as the Pledgors may reasonably require to evidence the termination of the Secured Party’s security interest in the Pledged Collateral. 
  
 14. Reinstatement. Notwithstanding the provisions of Section 13, this Agreement shall continue to be effective or be
reinstated, as the case may be, if at any time any amount received by the Credit Parties or the Secured Party in respect of the Secured Obligations is rescinded or must otherwise be restored or returned by the Credit Parties or the Secured Party
upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or any Pledgor or upon the appointment of any intervenor or conservator of, or trustee or similar official for, the Borrower or any Pledgor or any
substantial part of their respective properties, or otherwise, all as though such payments had not been made. 
  
 15. Governmental Approvals, etc. Upon the exercise by the Secured Party of any power, right, privilege or remedy pursuant to
this Agreement which requires any consent, approval, qualification or authorization of any governmental authority or instrumentality, the Pledgors will execute and deliver, or will cause the execution and delivery of, all applications, certificates,
instruments and other documents and papers that the Secured Party may be required to obtain for such governmental consent, approval, qualification or authorization. 
  
 16. Restrictions on Transfer, etc. To the extent that any restrictions imposed by the charter or
by-laws of any Borrower, the Shareholders Agreement or any other agreement among the holders of capital stock of the Borrower or other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the
exercise by the Secured 

  

 8 

 
Party of any right granted hereunder, including, without limitation, the right of the Secured Party to dispose of the Pledged Collateral upon the occurrence
of any Event of Default, the Pledgors hereby waive such restrictions, and represent and warrant that they will cause all shares of Capital Stock of the Borrower held by them to be voted to cause the Borrower to take all necessary action to waive
such restrictions, and the Pledgors hereby agree that they will take any further action which the Secured Party may reasonably request in order that the Secured Party may obtain and enjoy the full rights and benefits granted to the Secured Party by
this Agreement free of any such restrictions. Without limiting the generality of the foregoing, each Pledgor agrees that, notwithstanding the provisions of Section 2D of the Shareholders Agreement, any purchaser of Pledged Collateral, including any
Credit Party, who acquires any Pledged Collateral pursuant to the terms of this Agreement, shall take such Pledged Collateral free and clear of all terms of the Shareholders Agreement and neither such Persons nor such Pledged Collateral shall
thereafter be subject to any term or condition of the Shareholders Agreement. 
  
 17. Notices. Except as otherwise provided herein, all notices to the Pledgors or to the Secured Party shall be in writing and shall be deemed to have been sufficiently given or served for
all purposes hereof if personally delivered or mailed by first class mail, postage prepaid, as follows: 
  

	 	(a)	if to the Pledgors: 

  
 Austin Ventures III-A, L.P. 
 Austin
Ventures III-B, L.P. 
 Austin Ventures V, L.P. 
 Austin Ventures V Affiliates Fund, L.P. 
 300 West 6th Street, Suite 2300 
 Austin, TX 78701 
 Attention: Blaine F.
Wesner 
  
 with a copy to: 
  
 Jenkens & Gilchrist, P.C. 
 1445 Ross Avenue, Suite 3200 
 Dallas, TX
75202-2799 
 Attention: Gregory J. Schmitt, Esq. 
  

and to: 
  
 Capital Resource Lenders II, L.P. 
 85
Merrimac Street, Suite 200 
 Boston, MA 02114 
 Attention: Stephen M. Jenks 
  

 9 

 with a copy to: 
  
 Testa, Hurwitz & Thibeault, LLP 
 High Street Tower 
 125 High Street 
 Boston, MA 02110 
 Attention: Andrew E.
Taylor, Jr., Esq. 
  
 and to: 
  
 ABRY Partners IV, L.P. 
 ABRY Investment Partnership, L.P. 
 18
Newbury Street 
 Boston, MA 02116 
 Attention: Jay Grossman 
  
 with a copy
to: 
  
 Kirkland & Ellis 
 153 East 53rd Street 
 New York, NY 10022

 Attention: John Kuehn, Esq. 
  
 and to: 
  
 New York Life Capital Partners II, L.P. 
 51
Madison Avenue 
 Suite 3009 (30th Floor) 
 New York, NY 10010 
 Attention: John Schumacher 
  
 with a copy to: 
  
 Arnold &
Porter 
 399 Park Avenue 
 New
York, NY 10022 
 Attention: Christine D. Rogers, Esq. 
  
 and to: 
  
 PPM America Private Equity Fund LP 
 225 W.
Wacker Drive, Suite 1200 
 Chicago, IL 60606 
 Attention: Bruce Saewitz 
  

 10 

 with a copy to: 
  
 Kirkland & Ellis LLP 
 200 East Randolph Drive 
 Chicago, IL 60601 
 Attention: John A. Weissenbach 
  
 and to: 
  
 Hull Family Limited Partnership 
 c/o James
R. Hull at Monitronics International, Inc. 
 12801 Stemmons Freeway, Suite 821 
 Dallas, TX 75234 
  
 and to: 
  
 Robert Sherman 
 c/o Monitronics
International, Inc. 
 12801 Stemmons Freeway, Suite 821 
 Dallas, TX 75234 
  
 and to: 
  
 Michael Gregory 
 c/o Monitronics International, Inc. 
 12801
Stemmons Freeway, Suite 821 
 Dallas, TX 75234 
  
 and to: 
  
 Michael Meyers 
 c/o Monitronics
International, Inc. 
 12801 Stemmons Freeway, Suite 821 
 Dallas, TX 75234 
  
 and to: 
  
 Stephen Hedrick 
 c/o Monitronics International, Inc. 
 12801
Stemmons Freeway, Suite 821 
 Dallas, TX 75234 
  
 with a copy to: 
  
 Vinson & Elkins L.L.P. 
 2001 Ross
Avenue, Suite 3700 
 Dallas, TX 75201 
 Attention: James Markus, Esq. 
  

 11 

	 	(b)	if to the Secured Party: 

  
 Fleet National Bank 
 100 Federal Street

 Boston, MA 02110 
 Attention:
John F. Lynch, Senior Vice President 
  
 with a copy to:

  
 Peter M. Palladino, P.C. 
 Choate, Hall & Stewart 
 Exchange Place

 53 State Street 
 Boston, MA
02109 
  
 or at such other address as the party to whom such notice is directed
may have designated in writing to the other party hereto. A notice shall be deemed to have been given upon the earlier to occur of (i) three (3) days after the date on which it is deposited in the U.S. mails or (ii) receipt by the party to whom such
notice is directed. 
  
 18.
Miscellaneous. This Agreement shall inure to the benefit of and be binding upon the Secured Party, the Credit Parties and the Pledgor and their respective successors and assigns, and the term “Credit Parties” shall be
deemed to include any other holder or holders of any of the Secured Obligations and the term “Secured Party” shall be deemed to include any successor agent for the Credit Parties. In case any provision in this Agreement shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. This Agreement may be executed in any number of counterparts, including facsimile counterparts, and
by the different parties hereto on separate counterparts, each of which shall be an original, but all of which together shall constitute one instrument. 
  
 19. Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement, including the validity hereof and the rights and
obligations of the parties hereunder, shall be governed by, and construed in accordance with, the internal laws (as opposed to the conflicts of law provisions, but including sections 5-1401 and 5-1402 of the general obligations law of the State of
New York) and decisions of the State of New York. Each party hereto hereby irrevocably submits to the nonexclusive jurisdiction of any New York or Federal court sitting in the City of New York, New York over any suit, action or proceeding arising
out of or relating to this Agreement and waives, to the fullest extent permitted or not prohibited by law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in such a court and
any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES 

  

 12 

 
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 19. 

 
 20. Amendment and Restatement. This Agreement
amends, restates and supersedes the Pledge Agreement dated as of August 25, 2003 among the Borrower, the Pledgors named therein and the Secured Party. 
  
 [Signature pages follow] 
  

 13 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Pledge Agreement as a
sealed instrument as of the date first above written. 
  

			
	 AUSTIN VENTURES III-A, L.P.

	By:	 	 AV Partners III, L.P.,

	 	 	 General Partner

		
	By:	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner

	 	 	 Authorized Signatory

	
	 AUSTIN VENTURES III-B, L.P.

	By:	 	 AV Partners III, L.P.,

	 	 	 General Partner

		
	By:	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner

	 	 	 Authorized Signatory

	
	AUSTIN VENTURES V, L.P.
	By:	 	 AV Partners V, L.P.

	 	 	 Its General Partner

		
	By:	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner,

	 	 	 General Partner

	
	 AUSTIN VENTURES V AFFILIATES FUND,
 L.P.

	By:	 	 AV Partners V, L.P.

	 	 	 Its General Partner

		
	By:	 	 /s/ Blaine F. Wesner

	 	 	 Blaine F. Wesner

	 	 	 General Partner

  

			
	 CAPITAL RESOURCE LENDERS II, L.P.

	By:	 	 Capital Resource Partners II, L.P.,

	 	 	 Its General Partner

		
	By:	 	 /s/ Robert Ammerman

	 	 	 Its General Partner

		
	By:	 	 
	 	 	 Name:

	 	 	 Title:

	
	 NEW YORK LIFE CAPITAL PARTNERS II, L.P.

	By:	 	 NYLCAP Manager, LLC,

	 	 	 Its General Partner

		
	By:	 	 /s/ John E. Schumacher

	 	 	 Name: John E. Schumacher

	 	 	 Title:

	
	 PPM AMERICA PRIVATE EQUITY FUND LP

	By:	 	 PPM America Capital Partners, LLC,

	 	 	 Its General Partner

		
	By:	 	 /s/ Bruce Saewitz

	 	 	 Name: Bruce Saewitz

	 	 	 Title: Senior Partner

		
	By:	 	 /s/ Austin Krumpfes

	 	 	 Name: Austin Krumpfes

	 	 	 Title: Associate

  

			
	 ABRY PARTNERS IV, L.P.

	By:	 	 ABRY Capital Partners, L.P.,

	 	 	 its general partner

		
	By:	 	 /s/ Jay M. Grossman

	 	 	 Name: Jay M. Grossman

	 	 	 Title:

	
	 ABRY INVESTMENT PARTNERSHIP, L.P.

	By:	 	 ABRY Investment GP, LLC,

	 	 	 its general partner

		
	By:	 	 /s/ Jay M. Grossman

	 	 	 Name: Jay M. Grossman

	 	 	 Title:

	
	 HULL FAMILY LIMITED PARTNERSHIP

	By:	 	 James R. Hull Management Trust,

	 	 	 Its General Partner

		
	By:	 	 /s/ James R. Hull

	 	 	 James R. Hull, Trustee

	
	 /s/ James R. Hull

	 James R. Hull, individually

	 c/o Monitronics International, Inc.

	 12801 Stemmons Freeway, Suite 821

	 Dallas, TX 75234

	
	 /s/ Robert Sherman

	 Robert Sherman, individually

	 c/o Monitronics International, Inc.

	 12801 Stemmons Freeway, Suite 821

	 Dallas, TX 75234

  

			
		
	 	 	 /s/ Michael Meyers

	 	 	 Michael Meyers, individually

	 	 	 c/o Monitronics International, Inc.

	 	 	 12801 Stemmons Freeway, Suite 821

	 	 	 Dallas, TX 75234

		
	 	 	 /s/ Michael Gregory

	 	 	 Michael Gregory, individually

	 	 	 c/o Monitronics International, Inc.

	 	 	 12801 Stemmons Freeway, Suite 821

	 	 	 Dallas, TX 75234

		
	 	 	 /s/ Stephen Hedrick

	 	 	 Stephen Hedrick, individually

	 	 	 c/o Monitronics International, Inc.

	 	 	 12801 Stemmons Freeway, Suite 821

	 	 	 Dallas, TX 75234

  

 ACKNOWLEDGMENT: 
  
 The Borrower acknowledges the provisions of the within Pledge Agreement, specifically the provisions of subsection 3(h) relating to the Option Plans, and
covenants to the Secured Party that in the event any shares of capital stock of the Borrower are to be issued to any Pledgor pursuant to such Option Plans, or otherwise such shares will be delivered directly to the Secured Party. 
  

			
	 MONITRONICS INTERNATIONAL, INC.

		
	By:	 	 /s/ James R. Hull

	 	 	 James R. Hull

	 	 	 President and CEO

	
	ACKNOWLEDGED AND ACCEPTED:
	
	 FLEET NATIONAL BANK,
 as Administrative Agent

		
	By:	 	 /s/ John F. Lynch

	 	 	 Name: John F. Lynch

	 	 	 Title: Senior Vice President

  

									
	 Owner and Address

	  	 Description

	  	 No.
 of Shares

	  	%
Owned

	 	Certificate
No(s).

	 ABRY Partners IV, L.P.
 111 Huntington Avenue, 30th Floor
 Boston, MA 02199
	  	Class A Common Stock	  	17,121,419	  	44.908%	 	122
					
	 ABRY Investment Partnership, L.P.
 111 Huntington Avenue, 30th Floor
 Boston, MA 02199
	  	Class A Common Stock	  	10,570	  	0.28%	 	123
					
	 Austin Ventures III-A, L.P.
 701 Brazos, Suite 1400
 Austin, TX 78701
	  	Series A Preferred Stock	  	3,353,621	  	8.796%	 	1
					
	 Austin Ventures III-B, L.P.
 701 Brazos, Suite 1400
 Austin, TX 78701
	  	Series A Preferred Stock	  	2,832,733	  	7.430%	 	2
					
	 Austin Ventures V, L.P.
 701 Brazos, Suite 1400
 Austin, TX 78701
	  	Series A Preferred Stock	  	1,905,449	  	4.998%	 	3
					
	 Austin Ventures V Affiliates Fund, L.P.
 701 Brazos, Suite 1400
 Austin, TX 78701
	  	Series A Preferred Stock	  	95,272	  	0.250%	 	4
					
	 Capital Resource Lenders II, L.P.
 85 Merrimac Street, Suite 200
 Boston, MA 02114
	  	Class A Common Stock	  	2,964,585	  	7.776%	 	124
					
	 New York Life Capital Partners II, L.P.
 51 Madison Avenue, Suite 3009 (30th Floor)
 New York, NY 10010
	  	Class A Common Stock	  	5,000,000	  	13.115%	 	127
					
	 PPM America Private Equity Fund LP
 225 W. Wacker Drive, Suite 1200
 Chicago, IL 60606
	  	Class A Common Stock	  	3,333,333	  	8.743%	 	128
					
	 Hull Family Limited Partnership
 c/o James R. Hull
 Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, TX 75234
	  	Class A Common Stock	  	291,998
244,220	  	1.406%	 	108
121
					
	 Robert Sherman
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, TX 75234
	  	Class A Common Stock	  	12,412
114,395
70,736
89,538	  	0.753%	 	12
16
30
109

  

									
	 Owner and Address

	  	 Description

	  	 No.
 of Shares

	  	%
Owned

	 	Certificate
No(s).

	 Michael Gregory
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, TX 75234
	  	Class A Common Stock	  	49,498
22,435	  	0.189%	 	38
110
					
	 Stephen Hedrick
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, TX 75234
	  	Class A Common Stock	  	32,999
16,499
22,435	  	0.189%	 	19
33
111
					
	 Michael Meyers
 c/o Monitronics International, Inc.
 12801 Stemmons Freeway, Suite 821
 Dallas, TX 75234
	  	Class A Common Stock	  	86,553
39,231	  	0.330%	 	31
112
	 	  	 	  	
	  	
	 	 
	 TOTAL PLEDGED STOCK
	  	 	  	37,709,931	  	98.911%	 	 
	 	  	 	  	
	  	
	 	 

  

 PLEDGED NOTES 
  
 None. 
  

 PLEDGED WARRANTS 
  
 None.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]