Document:

EX-10.8

 Exhibit 10.8 

STOCKHOLDERS AGREEMENT 
 by and
between 
 NEP GROUP, INC. 
 and

 CRESTVIEW NEP, L.P. 
  

 
 Dated:
[●], 2015 
  
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.1
	 	Certain Definitions	  	 	1	  
	 Section 1.2
	 	Interpretive Provisions	  	 	4	  
		
	 ARTICLE II CORPORATE GOVERNANCE
	  	 	5	  
			
	 Section 2.1
	 	Board of Directors.	  	 	5	  
	 Section 2.2
	 	Conflicting Charter Provisions	  	 	7	  
	 Section 2.3
	 	Controlled Company	  	 	7	  
		
	 ARTICLE III CONSENT AND INFORMATION RIGHTS
	  	 	7	  
			
	 Section 3.1
	 	Consent Rights	  	 	7	  
	 Section 3.2
	 	Information Rights	  	 	8	  
		
	 ARTICLE IV TRANSFERS
	  	 	9	  
			
	 Section 4.1
	 	Transferee Stockholders	  	 	9	  
	 Section 4.2
	 	Legend.	  	 	9	  
		
	 ARTICLE V GENERAL
	  	 	10	  
			
	 Section 5.1
	 	Certificate of Incorporation	  	 	10	  
	 Section 5.2
	 	Amendments; Waivers	  	 	10	  
	 Section 5.3
	 	Termination	  	 	10	  
	 Section 5.4
	 	Further Assurances	  	 	10	  
	 Section 5.5
	 	Binding Effect; Assignment	  	 	10	  
	 Section 5.6
	 	Entire Agreement	  	 	11	  
	 Section 5.7
	 	Rights of Crestview Independent	  	 	11	  
	 Section 5.8
	 	Confidentiality	  	 	11	  
	 Section 5.9
	 	Governing Law	  	 	12	  
	 Section 5.10
	 	Jurisdiction and Venue	  	 	12	  
	 Section 5.11
	 	Specific Enforcement	  	 	12	  
	 Section 5.12
	 	Headings	  	 	13	  
	 Section 5.13
	 	Counterparts	  	 	13	  
	 Section 5.14
	 	Notices	  	 	13	  
	 Section 5.15
	 	Representation By Counsel; Interpretation	  	 	14	  
	 Section 5.16
	 	Severability	  	 	14	  
	 Section 5.17
	 	Expenses	  	 	14	  
	 Section 5.18
	 	Indemnification	  	 	14	  
	 Section 5.19
	 	No Third Party Beneficiaries	  	 	15	  

					
			
	 Exhibit A
	 	Amended and Restated Certificate of Incorporation of the Company	  	
	 Exhibit B
	 	Amended and Restated By-laws of the Company	  	
	 Exhibit C
	 	Form of Joinder to Stockholders Agreement	  	

  
 (i) 

 STOCKHOLDERS AGREEMENT 

This STOCKHOLDERS AGREEMENT (as amended, supplemented or restated from time to time, this “Agreement”) is entered into as of
[●], 2015 (the “Effective Date”), by and between NEP Group, Inc., a Delaware corporation (the “Company”), and Crestview NEP, L.P., a Delaware limited partnership (“Crestview”). Capitalized
terms used herein and not otherwise defined shall have the respective meanings set forth in Section 1.1. 
 RECITALS 

WHEREAS, Crestview and the Company are party to a Stockholders Agreement, dated as of December 24, 2012 (the “Pre-IPO
Stockholders Agreement”); and 
 WHEREAS, in connection with the consummation of the initial public offering of the common
stock, par value $0.01 per share, of the Company (the “Common Stock” and, such offering, the “IPO”), the Pre-IPO Stockholders Agreement will terminate automatically and Crestview and the Company have determined that
it is in the best interest of the Company and Crestview to enter into a new stockholders agreement, in its entirety as set forth herein, concurrently with such termination. 

NOW THEREFORE, the parties hereby agree, effective as of the Effective Date, as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Certain Definitions. As used in this Agreement and any Schedules and Exhibits that may be attached to
this Agreement, the following definitions shall apply: 
 “Affiliate” means, with respect to any specified Person, any
other Person that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such specified Person. The term “affiliated” shall have the correlative meaning. For purposes
of this Agreement, no portfolio company of any Affiliate of Crestview shall be deemed or treated as an Affiliate of the Company. 

“Agreement” has the meaning set forth in the preamble. 

“Applicable Governance Rules” means applicable federal and state securities Laws and the rules of the NYSE relating to the
Board and the corporate governance of the Company, including Rule 10A-3 of the Exchange Act and Rule 303A of the NYSE Listed Company Manual. 

“beneficially own” and “beneficial owner” shall be as defined in Rule 13d-3 of the rules promulgated
under the Exchange Act. 
 “Board” means the Board of Directors of the Company. 

 “Business Day” means any day that is not a Saturday, a Sunday or other day on
which banks are required or authorized by Law to be closed in the City of New York. 
 “Charter” means the Amended and
Restated Certificate of Incorporation and By-laws of the Company, as the same may be amended, supplemented and/or restated from time to time, copies of which (as in effect on the IPO Date) are attached hereto as Exhibit A and
Exhibit B, respectively. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time (or
any corresponding provisions of succeeding Law). 
 “Common Stock” has the meaning set forth in the recitals. 

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

“Confidential Information” has the meaning set forth in Section 5.8. 

“control” (including the terms “controlled by” and “under common control with”), with
respect to the relationship between or among two or more Persons, means the possession, directly or indirectly or as trustee, personal representative or executor, of the power to direct or cause the direction of the affairs or management of a
Person, whether through the ownership of voting securities, as trustee, personal representative or executor, by contract, credit arrangement or otherwise. 

“Crestview” has the meaning set forth in the preamble. 

“Crestview Designee” has the meaning set forth in Section 2.1(b). 

“DGCL” means the General Corporation Law of the State of Delaware, as amended from time to time (or any corresponding
provisions of succeeding Law). 
 “Director” means any of the individuals elected or appointed to serve on the Board. 

“Effective Date” has the meaning set forth in the preamble. 

“Equity Securities” means (a) with respect to a partnership, limited liability company or similar Person, any and all
units, interests, rights to purchase, warrants, options or other equivalents of, or other ownership interests in, any such Person as well as debt or equity instruments convertible, exchangeable or exercisable into any such units, interests, rights
or other ownership interests and (b) with respect to a corporation, any and all shares, interests, participation or other equivalents (however designated) of capital stock, including all common stock and preferred stock, or warrants, options or
other rights to acquire any of the foregoing, including any debt instrument convertible or exchangeable into any of the foregoing. 

“Exchange Act” means the Securities Exchange Act of 1934, and the rules and regulations promulgated thereunder, as the same
may be amended from time to time (or any corresponding provisions of succeeding Law). 

  
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 “Fund Indemnitors” has the meaning set forth in Section 5.18(b). 

“Governmental Entity” means any federal, national, supranational, state, provincial, local, foreign or other government,
governmental, stock exchange, regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body. 

“Indemnified Liabilities” has the meaning set forth in Section 5.18(a). 

“Indemnified Parties” has the meaning set forth in Section 5.18(a). 

“Initial Crestview Directors” has the meaning set forth in Section 2.1(d). 

“Initial Non-Crestview Directors” has the meaning set forth in Section 2.1(d). 

“IPO” has the meaning set forth in the recitals. 

“IPO Date” means the date on which the IPO is consummated. 

“IPO Registration Statement” means the registration statement on Form S-1 (File No. 333-205344), as amended, filed under
the Securities Act with respect to the IPO. 
 “Law” means any federal, national, supranational, state, provincial, local
or similar statute, law, ordinance, regulation, rule, code, order, requirement or rule of law (including common law). 
 “Legal
Action” has the meaning set forth in Section 5.10. 
 “Liability” means any liability or obligation, whether
known or unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated and whether due or to become due, regardless of when asserted. 

“NYSE” means the New York Stock Exchange or other stock exchange or securities market on which Shares are at any time
listed or quoted. 
 “Person” means any individual, partnership, firm, corporation, limited liability company, association,
trust, unincorporated organization or other entity, as well as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Exchange Act. 

“Pre-IPO Stockholders Agreement” has the meaning set forth in the recitals. 

“Proceeding” has the meaning set forth in Section 5.18(a). 

“Requisite Investor Approval” means, for so long as Crestview and its Affiliates hold a number of Shares representing at
least 50% of the issued and outstanding Shares, the approval of Crestview. At such time as Crestview or its Affiliates no longer hold a number of Shares representing at least 50% of the issued and outstanding Shares, any action requiring
“Requisite Investor Approval” shall be determined by the Company or the Board in accordance with applicable law. 

  
 3 

 “SEC” means the Securities and Exchange Commission, or any successor agency.

 “Securities Act” means the Securities Act of 1933, and the rules and regulations promulgated thereunder, as the same may
be amended from time to time (or any corresponding provisions of succeeding Law). 
 “Shares” means any shares of Common
Stock of the Company and shall also include any capital stock issued in respect of or in exchange for Shares, whether by way of dividend or other distribution, split, recapitalization, merger, rollup transaction, consolidation, conversion or
reorganization. 
 “Specified Directors” has the meaning set forth in Section 5.18(b). 

“Subsidiary” means, with respect to any specified Person, any other Person with respect to which such specified Person
(a) has, directly or indirectly, the power, through the ownership of securities or otherwise, to elect a majority of directors or similar managing body or (b) beneficially owns, directly or indirectly, a majority of such Person’s
Equity Securities. 
 “Transfer” means, as a noun, any direct or indirect (whether through a change of control of the
Transferor or any Person that controls the Transferor, the issuance or transfer of Equity Securities of the Transferor, by operation of Law or otherwise), voluntarily or involuntarily, offer, sale, gift, exchange, pledge, hypothecation, encumbrance,
grant of a security interest in, transfer, assignment or other disposal and, as a verb, directly or indirectly (whether through a change of control of the Transferor or any Person that controls the Transferor, the issuance or transfer of Equity
Securities of the Transferor, by operation of Law or otherwise), voluntarily or involuntarily, to offer, sell, give, exchange, pledge, hypothecate, encumber, grant a security interest in, transfer, assign or otherwise dispose of. The terms
“Transferee,” “Transferor,” “Transferred,” and other forms of the word “Transfer” shall have the correlative meanings. 

“Voting Power” means the aggregate number of votes authorized by the Company’s Amended and Restated Certificate of
Incorporation, as it may be amended, supplemented or restated from time to time, to be cast in the election of Directors by the holders of all outstanding Voting Securities of the Company. 

“Voting Securities” means any Equity Securities of the Company that vote generally in the election of Directors (or similar
body). 
 Section 1.2 Interpretive Provisions. For all purposes of this Agreement, except as otherwise expressly provided
or unless the context otherwise requires: 
 (a) the terms defined in Section 1.1 have the meanings assigned to them in
Section 1.1 and are applicable to the singular as well as the plural forms of such terms; 

  
 4 

 (b) all accounting terms not otherwise defined herein have the meanings assigned under the United
States generally accepted accounting principles and practices in effect from time to time; 
 (c) all references to currency, monetary
values and dollars set forth herein shall mean United States (U.S.) dollars and all payments hereunder shall be made in United States dollars; 

(d) when a reference is made in this Agreement to an Article, Section, Exhibit or Schedule, such reference is to an Article or Section of, or
an Exhibit or Schedule to, this Agreement unless otherwise indicated; 
 (e) the word “or” is not exclusive and whenever the words
“include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”; 

(f) pronouns of either gender or neuter shall include, as appropriate, the other pronoun forms; and 

(g) the words “hereof”, “herein” and “hereunder” and words of similar import, when used in this Agreement, refer
to this Agreement as a whole and not to any particular provision of this Agreement. 
 ARTICLE II 

CORPORATE GOVERNANCE 

Section 2.1 Board of Directors. 

(a) Size. The Board shall initially consist of nine (9) Directors. The Board may increase or decrease the number of Directors,
subject to the rights of Crestview under this Agreement and Applicable Governance Rules. 
 (b) Composition. Subject to
Section 2.1(a), for so long as Crestview and its Affiliates hold a number of Shares representing at least the percentage of the issued and outstanding Shares shown below, Crestview shall be entitled to include in the slate of nominees
recommended by the Board for election as Directors at each applicable annual or special meeting of stockholders at which Directors are to be elected the number of individuals designated by Crestview (each, a “Crestview Designee”)
that, if elected, will result in Crestview having a number of Directors serving on the Board equal to at least the percentage shown below: 
  

					
	 Percent of Issued and Outstanding Shares
	  	Percentage of the Board	 
	 50% or greater
	  	 	50	% 
	 Less than 50% but greater than or equal to 35%
	  	 	40	% 
	 Less than 35% but greater than or equal to 20%
	  	 	30	% 
	 Less than 20% but greater than or equal to 10%
	  	 	20	% 
	 Less than 10% but greater than or equal to 5%
	  	 	10	% 

  
 5 

 For purposes of calculating the number of Directors that Crestview is entitled to designate
pursuant to this Section 2.1(b), any fractional amounts shall automatically be rounded up to the nearest whole number (e.g., 20% of a nine (9) member Board shall equate to two (2) Directors) and any such calculations shall be
made after taking into account any increase in the size of the Board. Upon any decrease in the number of Directors that Crestview is entitled to designate for election to the Board, promptly following the Company’s request, Crestview shall take
all necessary action to cause the appropriate number of Crestview Designees to offer to tender resignation. If such resignation is then accepted by the Board, the Company and Crestview shall cause the authorized size of the Board to be reduced
accordingly unless the Company determines not to reduce the authorized size of the Board. 
 (c) Chairman. For so long as Crestview
and its Affiliates hold a number of Shares representing at least 30% of the issued and outstanding Shares, Crestview shall have the right to appoint any Director as the Chairman of the Board. 

(d) Nominations. The initial Director nominees of Crestview shall be Jeffrey Marcus, Brian Cassidy and Katherine Chung (collectively,
the “Initial Crestview Directors”) and the remaining initial Directors of the Company shall be Kevin Rabbitt, Mark Patricof, Kenneth Schanzer, Debra Honkus, Hank Ratner and Howard Liszt (collectively, the “Initial
Non-Crestview Directors”), none of whom is a nominee of Crestview. With respect to any Director to be nominated by Crestview, other than the Initial Crestview Directors listed above, Crestview shall nominate such Director or Directors by
delivering to the Company a written statement at least (i) ten (10) days following its receipt of written notice from the Company to Crestview notifying Crestview of the setting of the date of the first annual meeting after the IPO Date,
in the case of the first annual meeting after the IPO Date, and (ii) sixty (60) days prior to the one year anniversary of the preceding annual meeting, in the case of subsequent annual meetings, nominating such Director or Directors and
setting forth such Director’s or Directors’ business address, telephone number, facsimile number and e-mail address; provided, that if Crestview shall fail to deliver such written notice, Crestview shall be deemed to have nominated
the Director(s) previously nominated (or designated pursuant to this Section 2.1(d)). 
 (e) Right to Delegate; Committees. The
Company shall establish and maintain an audit committee and a compensation committee of the Board, as well as such other Board committees as the Board deems appropriate from time to time or as may be required by Applicable Governance Rules. The
committees shall have such duties and responsibilities as are customary for such committees, subject to the provisions of this Agreement and Applicable Governance Rules. Subject to Applicable Governance Rules (which, with respect to the compensation
committee, shall include Section 162(m) of the Code (and the regulations promulgated thereunder) and Rule 16b-3 under the Exchange Act), Crestview shall have the right to have a representative appointed to serve on each committee of the Board
for so long as Crestview has the right to designate at least one (1) Crestview Designee. 
 (f) Removal. Directors shall serve
until their resignation or removal or until their successors are elected. No Director nominated by Crestview shall be required to resign or be removed from the Board or any committee thereof as a result of a decrease in the size of the Board or any
committee thereof. If, in the opinion of counsel, a Crestview Designee may not continue to serve on any committee of the Board as a result of Applicable Governance Rules, the Crestview Designee shall be removed from such committee. 

  
 6 

 (g) Vacancies. If a Director who was nominated by Crestview pursuant to
Section 2.1(b) or (d) dies, is unwilling or unable to serve as a Director or Board committee member or is otherwise removed or resigns from either such office, and, in each case, if at the time Crestview is entitled to nominate a person to
fill such vacancy in accordance with Section 2.1(b) or Section 2.1(e), respectively, then Crestview may promptly nominate a successor to such Director or Board committee member, in accordance with this Section 2.1. The Company shall
take such other actions as may be necessary in order to ensure that such successor is elected to the Board or to such Board committee as promptly as practicable. If a Director who was not nominated by Crestview pursuant to Section 2.1(b) or
(d) dies, is unwilling or unable to serve as a Director or Board committee member or is otherwise removed or resigns from either such office, or if a vacancy on the Board or a Board committee otherwise occurs when Crestview is not entitled to
nominate a successor pursuant to Section 2.1(b) or Section 2.1(e), such vacant position shall be filled by the Board in accordance with the Charter and this Agreement. 

Section 2.2 Conflicting Charter Provisions. The Company shall take all actions necessary to ensure that the Charter
facilitates, and does not at any time conflict with, any provision of this Agreement. 
 Section 2.3 Controlled Company.

 (a) Crestview and the Company agree and acknowledge that, by virtue of Crestview’s Voting Power of more than 50% of the total Voting
Power outstanding as of the IPO Date, the Company qualifies as of the IPO Date as a “controlled company” within the meaning of Section 303A of the NYSE Listed Company Manual. 

(b) For so long as the Company qualifies as a “controlled company” for purposes of the NYSE rules, the Company will elect to be a
“controlled company” for purposes of the NYSE rules, and will disclose in its annual meeting proxy statement that it is a “controlled company” and the basis for that determination. If the Company ceases to qualify as a
“controlled company” for purposes of the NYSE rules, the Company will take whatever actions may be reasonably necessary, if any, to cause the Company to comply with the NYSE rules as then in effect. 

ARTICLE III 

CONSENT AND INFORMATION RIGHTS 

Section 3.1 Consent Rights. The Company shall not take any of the following actions without prior Requisite Investor
Approval: 
 (a) Any transactions or series of related transactions (i) in which any Person or Persons (other than Crestview) acquires
in excess of 50% of the then outstanding shares of any class of capital stock (or equivalent) of the Company (whether by merger, consolidation, sale or transfer of partnership interests, tender offer, exchange offer, reorganization, recapitalization
or otherwise) or (ii) following which any Person or Persons (other than Crestview) have the direct or indirect power to elect a majority of the members of the Board; 

  
 7 

 (b) Any transaction or series of related transactions involving the sale, lease, exchange or
other disposal by the Company of any of its assets for consideration having a fair market value (as reasonably determined by the Board) in excess of $30.0 million; 

(c) Any transaction or series of related transactions involving the purchase, rent, license, exchange or other acquisition by the Company of
any assets (including securities) for consideration having a fair market value (as reasonably determined by the Board) in excess of $30.0 million; 

(d) The hiring or termination of the Chief Executive Officer of the Company; 

(e) (A) Any incurrence of indebtedness by the Company in excess of $25.0 million, other than the incurrence of indebtedness under a revolving
credit facility in existence on the date of this Agreement or the refinancing of such existing revolving credit facility in an aggregate amount not in excess of the borrowing capacity under such facility on the date of this Agreement, or
(B) the making of any loan, advance or capital contribution to any Person by the Company in excess of $25.0 million, provided, that prior Requisite Investor Approval shall be required for any loan, advance or capital contribution by the
Company to any Director, officer of the Company or other individual in excess of $1.0 million; 
 (f) Any authorization or issuance of
Equity Securities of the Company or its direct or indirect Subsidiaries other than pursuant to any equity incentive plans that have been approved by “Requisite Investor Approval”; 

(g) Any amendment of the Charter; or 

(h) Any increase or decrease in the size of the Board. 

Section 3.2 Information Rights. 

(a) Information Rights. At the request of Crestview, the Company shall deliver to Crestview the following: 

 

	 	(i)	As soon as available after the end of each monthly accounting period, a copy of the unaudited monthly management report, which shall include the unaudited consolidated balance sheet and income statement of the Company
and its Subsidiaries, if any; 

  

	 	(ii)	As soon as practicable following Board approval, a copy of the annual strategic plan and budget of the Company; and 

  

	 	(iii)	With reasonable promptness, such other information and data with respect to the Company or any of its Subsidiaries as from time to time may be reasonably requested by Crestview. 

  
 8 

 (b) The Company will (and will cause its Subsidiaries to) give (i) Crestview and
(ii) with the reasonable advance notice to, and the reasonable consent of, the Company (such consent not to be reasonably withheld, conditioned or delayed), Crestview’s outside accountants, auditors, legal counsel and other authorized
representatives and agents, (A) reasonable access during reasonable business hours to the properties, assets, books, contracts, commitments, reports and records of the Company and its Subsidiaries, and furnish to them all such documents,
records and information with respect to the properties, assets and business of the Company and its Subsidiaries and copies of any work papers relating thereto as such Persons shall from time to time reasonably request; and (B) reasonable access
during reasonable business hours to the Company, its Subsidiaries and their respective employees as may be necessary or useful to such Persons in their reasonable judgment in connection with their review of the properties, assets and business of the
Company and its Subsidiaries and the above-mentioned documents, records and information. 
 ARTICLE IV 

TRANSFERS 

Section 4.1 Transferee Stockholders. Crestview and each of its Affiliates may Transfer its Shares without any restrictions
under this Agreement, subject to compliance with applicable federal and state securities Laws; provided, that, in the case of an Affiliate of Crestview, Crestview may, in its sole discretion, require such Transferee to execute and deliver to
the parties hereto a joinder in the form attached hereto as Exhibit C agreeing to be bound by the terms and provisions of this Agreement applicable to the Transferor and to assume all of the Transferor’s then existing and future rights
and Liabilities arising under or relating to this Agreement. 
 Section 4.2 Legend. 

(a) In addition to any other legend that may be required, each certificate representing a Share that is issued to Crestview, if any, will be
stamped or otherwise imprinted with a legend in substantially the following form: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY FOREIGN OR STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED EXCEPT IN COMPLIANCE THEREWITH.” 

(b) If any Shares shall be either (i) disposed of pursuant to a registration statement that has been declared effective by the SEC or
(ii) sold under circumstances in which all of the applicable conditions of Rule 144 are met, the Company, upon the written request of the holder thereof, shall issue to such holder a new certificate evidencing such Shares without the legend
required by Section 4.2(a) endorsed thereon. 

  
 9 

 ARTICLE V 

GENERAL 

Section 5.1 Certificate of Incorporation. The Amended and Restated Certificate of Incorporation of the Company, a copy of
which (as in effect on the IPO Date) is attached hereto as Exhibit A, as may be amended, supplemented and/or restated from time to time, shall provide (a) until Crestview and its Affiliates cease to beneficially own, in the aggregate, at
least fifteen percent (15%) of the outstanding Voting Securities, that the Company elects not to be governed by Section 203 of the DGCL and (b) for a renunciation of corporate opportunities presented to Crestview (and its Affiliates
and Director nominees) to the extent permitted by Section 122(17) of the DGCL and substantially on the terms and conditions set forth in Exhibit A.  

Section 5.2 Amendments; Waivers. The terms and provisions of this Agreement may be waived, modified or amended only with
the written approval of (a) the Company and (b) Crestview. No waiver of any provision or default under, nor consent to any exception to, the terms of this Agreement or any agreement contemplated hereby shall be effective unless in writing
and signed by the party to be bound and then only to the specific purpose, extent and instance so provided. 
 Section 5.3
Termination. 
 (a) The provisions of this Agreement shall terminate upon the earliest to occur of: 

 

	 	(i)	an agreement in writing between (A) the Company and (B) Crestview to terminate this Agreement; or 

  

	 	(ii)	if Crestview and its Affiliates no longer own a number of Shares representing at least five percent (5%) of the issued and outstanding Shares, other than by reason of a Transfer in violation of this Agreement.

 (b) Termination of any provisions of this Agreement shall not relieve any party from any Liability for the breach of any
obligations set forth in this Agreement prior to such termination. Notwithstanding anything contained herein to the contrary, the provisions of Section 5.2 through 5.19 shall survive any termination of any provisions of this Agreement. 

Section 5.4 Further Assurances. Each party agrees that it will from time to time, upon the reasonable request of another
party, execute such documents and instruments and take such further action as may be required to accomplish the purposes of this Agreement. 

Section 5.5 Binding Effect; Assignment. Neither this Agreement nor any right, remedy or Liability arising hereunder or by
reason hereof shall be assignable by any party pursuant to any Transfer of Shares or otherwise, except assignments in connection with Transfers in accordance with Article IV. All of the terms and provisions of this Agreement shall be binding
upon the parties and their respective heirs, successors and assigns. 

  
 10 

 Section 5.6 Entire Agreement. This Agreement, together with all Exhibits and
Schedules hereto and thereto and all other agreements referenced therein and herein, constitute the entire agreement between the parties hereto pertaining to the subject matter hereof and supersede all prior and contemporaneous agreements,
understandings, negotiations and discussions, whether oral or written, of the parties and there are no warranties, representations or other agreements between the parties in connection with the subject matter hereof except as specifically set forth
herein and therein. 
 Section 5.7 Rights of Crestview Independent. The rights available to Crestview under this
Agreement and at Law shall be deemed to be several and not dependent on each other and each such right accordingly shall be construed as complete in itself and not by reference to any other such right. Any one or more and/or any combination of such
rights may be exercised by Crestview from time to time and no such exercise shall exhaust the rights. 
 Section 5.8
Confidentiality. Crestview recognizes and acknowledges that it may have and may in the future receive certain confidential and proprietary information of the Company or any of its Subsidiaries, including confidential information of the
Company or any of its Subsidiaries regarding identifiable, specific and discrete business opportunities being pursued by the Company or any of its Subsidiaries, “know-how,” financial information, trade secrets, recipes and formulas, lease
or construction terms, consultant contracts, pricing policies, operational methods, marketing or franchising plans or strategies, product development techniques or plans, business acquisition plans, new personnel acquisition plans, training
materials, designs and design projects and other business affairs relating to the Company or its Subsidiaries (the “Confidential Information”). Crestview agrees that, during or after the term of this Agreement, whether directly or
indirectly through an Affiliate or otherwise, it will not disclose to any Person for any reason or purpose whatsoever, any Confidential Information, except (i) in connection with the business and affairs of the Company and its Subsidiaries,
(ii) as required in the course of performing his or her duties for the Company or its Subsidiaries, (iii) as may be necessary and proper in the course of performing Crestview’s obligations, or enforcing Crestview’s rights, under
this Agreement and the agreements expressly contemplated hereby; (iv) as part of Crestview’s normal reporting, rating or review procedure (including normal credit rating or pricing process), or in connection with Crestview’s or its
Affiliates’ normal fund raising, marketing, informational or reporting activities, or to Crestview’s (or any of its Affiliates’) Affiliates, auditors, attorneys or other agents, provided, that no disclosure of material
non-public Confidential Information shall be made pursuant to this clause (iv) to a recipient that is not a Governmental Entity unless such recipient enters into an agreement not to disclose such Confidential Information or is otherwise
required by Law to keep such Confidential Information confidential; (v) to any bona fide prospective purchaser of the equity or assets of Crestview or its Affiliates or the Shares held by Crestview, or prospective merger partner of Crestview or
its Affiliates, provided that such purchaser or merger partner acknowledges and agrees to be bound by the provisions of this Section 5.8; or (vi) as is required or requested to be disclosed by order of a Governmental Entity, or by
subpoena, summons or legal process, or by Law, provided that, to the extent practical and permitted by Law, if Crestview is required to make such disclosure, it shall provide to the Board prompt notice of such disclosure. For purposes of this
Section 5.8, “Confidential Information” shall not include any information of which (x) such Person learns from a source other than the Company or any of its Subsidiaries, or any of their representatives, 

  
 11 

 
employees, agents or other service providers, and in each case who is not known by such Person to be bound by a confidentiality obligation, (y) is disclosed in a prospectus or other
documents for dissemination to the public or (z) becomes generally available to the public other than as a result of a disclosure by Crestview, directly or indirectly through an Affiliate or otherwise, in violation of this Agreement. 

Section 5.9 Governing Law. This Agreement, the legal relations between the parties and any claim, action, suit,
arbitration, inquiry, proceeding or investigation by or before any Governmental Entity, whether contractual or non-contractual, instituted by any party with respect to matters arising under or growing out of or in connection with or in respect of
this Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware applicable to contracts made and performed in such State and without regard to conflicts of Law doctrines, except to the extent that certain
matters are preempted by federal Law or are governed as a matter of controlling Law by the Law of the jurisdiction of organization of the respective parties. 

Section 5.10 Jurisdiction and Venue; Waiver of Jury Trial. The parties hereto hereby agree and consent to be subject to the
jurisdiction of any federal court of the District of Delaware or the Delaware Court of Chancery over any action, suit or proceeding (a “Legal Action”) arising out of or in connection with this Agreement. The parties hereto
irrevocably waive the defense of an inconvenient forum to the maintenance of any such Legal Action. Each of the parties hereto further irrevocably consents to the service of process out of any of the aforementioned courts in any such Legal Action by
the mailing of copies thereof by registered mail, postage prepaid, to such party at its address set forth in this Agreement, such service of process to be effective upon acknowledgment of receipt of such registered mail. Nothing in this
Section 5.10 shall affect the right of any party hereto to serve legal process in any other manner permitted by Law. To the extent not prohibited by applicable law that cannot be waived, each of the parties hereto waives, and covenants that
such party will not assert (whether as plaintiff, defendant or otherwise), any right to trial by jury in any forum in respect of any issue, claim or Proceeding arising out of this Agreement or the subject matter hereof or in any way connected with
the dealings of any stockholder in connection with any of the above, in each case whether now existing or hereafter arising and whether in contract, tort or otherwise. Each of the parties hereto acknowledges that it has been informed by the other
party hereto that this Section 5.10 constitutes a material inducement upon which it is relying and will rely in entering into this Agreement and the transactions contemplated hereby. Any party hereto may file an original counterpart or a copy
of this Section 5.10 with any court as written evidence of the consent of each such party to the waiver of its right to trial by jury. 

Section 5.11 Specific Enforcement. The parties hereto acknowledge that the remedies at Law of the other parties for a
breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be available, shall be entitled to obtain
equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. 

  
 12 

 Section 5.12 Headings. The descriptive headings of the Articles, Sections and
subsections of this Agreement are for convenience only and do not constitute a part of this Agreement. 
 Section 5.13
Counterparts. This Agreement and any amendment hereto or any other agreement (or document) delivered pursuant hereto may be executed in one or more counterparts and by different parties in separate counterparts. All of such counterparts shall
constitute one and the same agreement (or other document) and shall become effective (unless otherwise provided therein) when one or more counterparts have been signed by each party and delivered to the other party. 

Section 5.14 Notices. Any notice or other communication hereunder must be given in writing and (a) delivered in
person, (b) transmitted by facsimile or telecommunications mechanism, provided, that any notice so given is also mailed as provided in clause (c), or (c) mailed by certified or registered mail, postage prepaid, receipt
requested as follows: 
 If to the Company: 

NEP Group, Inc. 

2 Beta Drive 

Pittsburgh, PA 15238 

Attention: Dean Naccarato 

Fax: (412) 820-6067 

with a copy to: 

Vinson & Elkins L.L.P. 

1001 Fannin St., Suite 2500 

Houston, TX 77004 

Attention: Alan Beck 

Fax: (713) 615-5620 

If to Crestview: 

c/o Crestview Partners 

667 Madison Avenue, 10th Floor 

New York, New York 10065 

Attention: Jeffrey Marcus, Brian Cassidy 

Fax: (212) 906-0793 

with a copy to: 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, New York 10019-6064 

Attention: Kenneth M. Schneider and Neil Goldman 

Fax: (212) 757-3990 

  
 13 

 or to such other address or to such other person as either party shall have last designated by such notice to the
other party. Each such notice or other communication shall be effective (i) if given by telecommunication, when transmitted to the applicable number so specified in (or pursuant to) this Section 5.14 and an appropriate answerback is
received or, if transmitted after 4 p.m. local time on a Business Day in the jurisdiction to which such notice is sent or at any time on a day that is not a Business Day in the jurisdiction to which such notice is sent, then on the immediately
following Business Day, (ii) if given by mail, on the first Business Day in the jurisdiction to which such notice is sent following the date three days after such communication is deposited in the mails with first class postage prepaid,
addressed as aforesaid or (iii) if given by any other means, on the Business Day when actually received at such address or, if not received on a Business Day, on the Business Day immediately following such actual receipt. 

Section 5.15 Representation By Counsel; Interpretation. The parties acknowledge that each party to this Agreement has been
represented by counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of Law, or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against
the party that drafted it has no application and is expressly waived. 
 Section 5.16 Severability. If any provision of
this Agreement is determined to be invalid, illegal or unenforceable by any Governmental Entity, the remaining provisions of this Agreement, to the extent permitted by Law shall remain in full force and effect; provided, that the essential
terms and conditions of this Agreement for all parties remain valid, binding and enforceable. 
 Section 5.17 Expenses.
The Company will reimburse Crestview for all reasonable out-of-pocket fees and expenses incurred by it in connection with the IPO and in connection with each Crestview Designee’s participation in the meetings of the Board or committees thereof,
including reasonable travel, lodging and meal expenses. 
 Section 5.18 Indemnification. 

(a) The Company will indemnify, exonerate and hold Crestview and each of its partners, stockholders, members, directors, officers, fiduciaries,
managers, controlling Persons, employees and agents of each of the partners, stockholders, members, directors, officers fiduciaries, managers, controlling Persons, employees and agents of each of the foregoing (collectively, the “Indemnified
Parties”) free and harmless from and against any and all actions, causes of action, suits, claims, Liabilities, losses, damages and costs and other out-of-pocket expenses in connection therewith (including reasonable attorneys’ fees
and expenses) incurred by the Indemnified Parties or any of them before or after the date of this Agreement (collectively, the “Indemnified Liabilities”), arising out of any actual or threatened action, cause of action, suit, or
claim arising directly or indirectly out of Crestview’s or its other Indemnified Party’s actual, alleged or deemed control or ability to influence the Company or any of its Subsidiaries or the actual or alleged act or omission of any
Crestview Director nominee(s), including for any alleged act or omission arising out of or in connection with the IPO (other than any such Indemnified Liabilities that arise out of any breach of this Agreement by such Indemnified party or other
related Persons); provided that if and to the extent that the foregoing undertaking may be unavailable or unenforceable for any reason, the Company hereby agrees to 

  
 14 

 
make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable Law. To the extent not prohibited by applicable law, the
Company shall pay the expenses (including attorneys’ fees) incurred by an Indemnified Party in defending any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”), in advance of
its final disposition; provided, however, that, to the extent required by applicable law, such payment of expenses in advance of the final disposition of the Proceeding shall be made only upon receipt of an undertaking by the
Indemnified Party to repay all amounts advanced if it should be ultimately determined that the Indemnified Party is not entitled to be indemnified under this Section 5.18(a) or otherwise. The rights of any Indemnified Party to indemnification
hereunder will be in addition to any other rights any such Person may have under any other agreement or instruction to which such Indemnified Party is or becomes a party or is or otherwise becomes a beneficiary or under Law or regulation or under
the certificate of incorporation or by-laws of the Company or any of its Subsidiaries and shall extend to such Indemnified Party’s successors and assigns. Each of the Indemnified Parties shall be a third party beneficiary of the rights
conferred to such Indemnified Party in this Section 5.18(a). 
 (b) The Company hereby acknowledges that some of its Directors (the
“Specified Directors”) may have certain rights to indemnification, advancement of expenses and insurance provided by other entities and/or organizations (collectively, the “Fund Indemnitors”). The Company hereby
agrees and acknowledges (i) that it is the indemnitor of first resort with respect to the Specified Directors (i.e., its obligations to the Specified Directors are primary and any obligation of the Fund Indemnitors to advance expenses or to
provide indemnification for the same expenses or liabilities incurred by the Specified Directors are secondary), (ii) that it shall be required to advance the full amount of expenses incurred by the Specified Directors and shall be liable for
the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement to the extent not prohibited by (and not merely to the extent affirmatively permitted by) applicable law and as required by this Agreement or the certificate
of incorporation or by-laws of the Company (or any other agreement between the Company and the Specified Directors), without regard to any rights the Specified Directors may have against the Fund Indemnitors and (iii) that it irrevocably
waives, relinquishes and releases the Fund Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Company further agrees and acknowledges that no
advancement or payment by the Fund Indemnitors on behalf of the Specified Directors with respect to any claim for which the Specified Directors have sought indemnification from the Company shall affect the foregoing and the Fund Indemnitors shall
have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of the Specified Directors against the Company. 

(c) The Company shall obtain customary director and officer indemnity insurance on commercially reasonable terms. Each of the Indemnified
Parties shall be a third party beneficiary of the rights conferred to such Indemnified Party in this Section 5.18(c). 

Section 5.19 No Third Party Beneficiaries. Except as expressly provided in Section 5.18, nothing in this Agreement,
express or implied, is intended to confer upon any party, other than the parties hereto and their respective successors and permitted assigns, any rights or remedies under this Agreement or otherwise create any third party beneficiary hereto. 

[Signatures on Next Page] 

  
 15 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed by
its duly authorized officers as of the day and year first above written. 
  

			
	COMPANY:
	
	NEP GROUP, INC.
		
	By:		  

	Name:		
	Title:		

 
			
	CRESTVIEW NEP, L.P.
		
	By:		Crestview NEP GP, LLC,
			its General Partner
		
	By:		  

 
			
	Name:		
	Title:		
		
	Number of Shares:		
	
	  

 EXHIBIT A 

AMENDED & RESTATED CERTIFICATE OF INCORPORATION OF THE COMPANY 

(see attached) 

 EXHIBIT B 

AMENDED & RESTATED BY-LAWS OF THE COMPANY 

(see attached) 

 EXHIBIT C 

FORM OF JOINDER TO STOCKHOLDERS AGREEMENT 
 This
Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the “Joining Party”) in accordance with the Stockholders Agreement, dated as of [●], 2015 (the
“Stockholders Agreement”), by and between NEP Group, Inc., a Delaware corporation (the “Company”), and Crestview NEP, L.P. (“Crestview”), as the same may be amended, supplemented and/or restated
from time to time. Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed to such terms in the Stockholders Agreement. 

The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party shall be deemed to be a party
to the Stockholders Agreement as of the date hereof and shall have those rights of Crestview that are stated in the Stockholders Agreement as being applicable to such Joining Party. The Joining Party hereby (i) ratifies, as of the date hereof,
and agrees to be bound by, all of the terms, provisions and conditions contained in the Stockholders Agreement, and (ii) assumes all of the Transferor’s future rights and Liabilities arising under or relating to the Stockholders Agreement.

 This Joinder Agreement is for the benefit of the parties to the Stockholders Agreement. The Joining Party hereby agrees, upon executing this Joinder
Agreement, to deliver a copy of the executed Joinder Agreement to the Company in accordance with Section 5.14 thereof. 
 IN WITNESS WHEREOF, the
undersigned has executed this Joinder Agreement as of the date written below. 
 Date:
                     
  

			
	[NAME OF JOINING PARTY]
		
	By:		  

	Name:		
	Title:		
	Address for notices:EX-10.9

 Exhibit 10.9 

HOLDBACK AGREEMENT 

HOLDBACK AGREEMENT, dated as of [            ], 2015 (this
“Agreement”), by and among NEP Group, Inc., a Delaware corporation (the “Company”) and the Management Stockholders. Capitalized terms used herein shall have the respective meanings set forth in Article I.

 WHEREAS, pursuant to Section 3.2 of that certain Stockholders Agreement, dated as of December 24, 2012 (the
“Stockholders Agreement”), by and among the Company and the stockholders party thereto, such stockholders agreed to, in connection with any Public Offering (as defined therein), and to the extent requested by the Company, or the
underwriter of such offering, enter into a customary lock-up agreement requiring such Stockholder not to effect any public distribution of Common Shares, or offer or contract to sell (including any short sale), grant any option to purchase or enter
into any hedging or similar transaction with the same economic effect as a sale of any Common Shares; 
 WHEREAS, in connection with the
Company’s IPO, the consummation of which is expected to occur on or about [            ], 2015, the Company has requested that each Management Stockholder enter into this
Agreement to reflect certain agreements with respect to the Common Shares. 
 NOW, THEREFORE, in consideration of the mutual promises and
agreements set forth herein, the adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. As used herein, “control” means, when used with respect to any specified Person, the power to direct the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise, and “controlling” and “controlled” shall have correlative meanings. 

“Agreement” has the meaning set forth in the preamble to this Agreement. 

“Applicable Law” means, with respect to any Person, any federal, state or local law (statutory, common or otherwise),
constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated or applied by a Governmental Authority or Regulatory Agency that is binding
upon or applicable to such Person or its assets, as amended unless expressly specified otherwise. 
 “Board of Directors”
means the Board of Directors of the Company. 
 “Business Combination” has the meaning set forth in Section 2.1(c)
hereof. 

 “Common Shares” means the shares of common stock, par value $0.01 per share, of
the Company, or any other capital stock of the Company or any other Person into which such stock is reclassified or reconstituted (whether by merger, consolidation or otherwise) (as adjusted for any stock splits, stock dividends, subdivisions,
recapitalizations and the like). 
 “Company” has the meaning set forth in the preamble to this Agreement. 

“Company EIP” means the NEP Group, Inc. Equity Incentive Plan. 

“Company LTIP” means the NEP Group, Inc. 2015 Long-Term Incentive Plan. 

“control” (including the terms “controlling” and “controlled”), with respect to the relationship between
or among two or more Persons, means the possession, directly or indirectly, of the power to direct or cause the direction of the affairs or management of such subject Person, whether through the ownership of voting securities, as trustee or
executor, by contract or otherwise. 
 “Crestview” means Crestview NEP, L.P. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Governmental Authority” means the government of any nation, state, city, locality or other political subdivision thereof,
any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the
foregoing. 
 “IPO” means, with respect to the Company, the Company’s first Public Offering. 

“Lock-up Restrictions” has the meaning set forth in Section 2.1(a) hereto. 

“Management Stockholders” means, collectively, those Persons designated as “Management Stockholders” on the
signature pages hereto and any director, employee or consultant of the Company or any of its Subsidiaries who becomes a signatory hereto from time to time pursuant to an instrument substantially in the form attached hereto as Exhibit A, and
any Permitted Transferee of any of them to which Common Shares are transferred in accordance with the terms, and subject to the conditions, of this Agreement. 

“Member of the Immediate Family” means, with respect to any natural Person, (a) each spouse or natural or adopted child
of such Person and their issue; (b) each natural or adopted child or antecedent of any Person described in clause (a) above; (c) each trust or other estate planning vehicle created solely for the benefit of one or more of the Persons
described in clauses (a) and (b) above; (d) each trustee, custodian or guardian of any property of one or more of the Persons described in clauses (a) through (c) above in his or her capacity as such trustee, custodian or
guardian; and (e) the executor, administrator, testamentary trustee, legatee or beneficiary of any deceased transferor holding Common Shares in any such Person’s capacity as such. 

  
 2 

 “Permitted Transferee” means (a) any Member of the Immediate Family of such
Management Stockholder; (b) a transferee of a transfer for no or nominal consideration that is approved in writing by the Board of Directors; and (c) any charitable organization, charitable remainder trust, charitable lead trust or
charitable foundation created by any Management Stockholder. Notwithstanding any other provision of this Agreement to the contrary, upon the death of any Management Stockholder, to the extent necessary to pay any applicable estate taxes with respect
to such Management Stockholder’s Common Shares, such deceased person’s heir or legal representative may pledge, encumber or otherwise subject such individual’s Common Shares to a security interest in connection with a bona fide loan
(x) in respect of which the applicable lender has agreed to be bound by the terms and provisions of this Agreement as a Management Stockholder upon acquiring Common Shares and (y) that may be prepaid in full without penalty and, in
connection therewith, any and all liens or other security interests thereon are released. 
 “Person” means any individual,
firm, corporation, partnership, trust, incorporated or unincorporated association, joint venture, joint stock company, limited liability company, Governmental Authority or other entity of any kind, and shall include any successor (by merger or
otherwise) of such entity. 
 “Pre-IPO Company Securities” means (i) any Common Shares and (ii) any Common Shares
(x) which any shares of capital stock or any other security of the Company or any of its Subsidiaries are convertible into, or exercisable or exchangeable for or (y) that are distributed in respect of the foregoing. 

“Public Offering” means any offer for sale of Common Shares pursuant to an effective registration statement filed under the
Securities Act, other than on Form S-8 or comparable form. 
 “Registration Rights Agreement” means the Registration Rights
Agreement, dated as of the date of the consummation of the IPO, among the Company, Crestview and the Management Stockholders party thereto. 

“Regulatory Agency” means the Securities and Exchange Commission, any non-U.S. regulatory agency and any other regulatory
authority or body (including any state or provincial securities authority and any self-regulatory organization) with jurisdiction over the Company. 

“Securities Act” means the United States Securities Act of 1933. 

“Stockholders Agreement” has the meaning set forth in the recitals to this Agreement. 

“Subsidiaries” means, with respect to any Person, any Affiliate controlled by such Person directly or indirectly through one
or more intermediaries. 
 “Transfer” means any offer, sale, contract to sell, grant of an option to purchase, short sale,
assignment, transfer, exchange, gift, bequest, pledge or other disposition or encumbrance, direct or indirect, in whole or in part, by operation of law or otherwise. The foregoing restriction is expressly agreed to preclude the relevant person from
engaging in any hedging or other transaction which is designed to or which reasonably could be expected to lead to or result in a sale or disposition of the referenced securities even if such securities would be disposed of by

  
 3 

 
someone other than such person. Such prohibited hedging or other transactions would include any short sale or any purchase, sale or grant of any right (including any put or call option) with
respect to any of the referent securities or with respect to any security that includes, relates to, or derives any significant part of its value from such securities. The terms “Transferred”, “Transferring”,
“Transferor”, “Transferee” and “Transferable” have meanings correlative to the foregoing. 

ARTICLE II 
 RESTRICTIONS ON
TRANSFER OF COMMON SHARES 
 Section 2.1. Lock-up Restrictions. 

(a) Except as otherwise provided herein, the undersigned hereby agrees that, without the prior written consent of the Company, the undersigned
will not directly or indirectly Transfer all or any part of his or her Pre-IPO Company Securities or any right or economic interest pertaining thereto, including the right to vote or consent on any matter or to receive or have any economic interest
in distributions or advances from the Company pursuant thereto (the foregoing restrictions are hereinafter referred to as the “Lock-up Restrictions”). 

(b) Notwithstanding anything herein to the contrary, the Lock-up Restrictions shall cease to apply to the Pre-IPO Company Securities as
follows: 
  

	 	(i)	on and after the one hundred eightieth (180) day after the consummation of the IPO, the undersigned may Transfer up to 50% of his or her Pre-IPO Company Securities, to the extent such Pre-IPO Company Securities
have vested; 

  

	 	(ii)	on and after the first (1st) anniversary of the consummation of the IPO, the Lock-up Restrictions shall no longer apply, and the undersigned may Transfer any or
all of his or her remaining Pre-IPO Company Securities, to the extent such Pre-IPO Company Securities have vested 

 For the
purposes of this Section 2.1(b), the percentage of Pre-IPO Company Securities permitted to be Transferred shall be determined based on the total number of Common Shares owned by the undersigned as of the date of the consummation of the IPO, in
each case, determined on an “as-converted” basis based on the number of Common Shares, in the aggregate and without duplication, into which the Pre-IPO Company Securities owned of record thereby (whether vested or unvested) are directly or
indirectly convertible or exchangeable. 
 (c) Notwithstanding anything herein to the contrary, the Lock-up Restrictions shall not apply to
(i) Common Shares and any securities then convertible into or exchangeable for Common Shares acquired (x) in open market transactions after the consummation of the IPO or (y) pursuant to awards made after the consummation of the IPO
under the Company EIP or Company LTIP, (ii) the establishment of a trading plan pursuant to Rule 10b5-1 under the Exchange Act for the Transfer of Common Shares; provided, that such plan does not provide for the Transfer of Common Shares
in excess of the amounts otherwise permitted pursuant to Section 2.1(b) above, (iii) the granting of a revocable proxy to officers or directors of the Company at the request of the Board of Directors in connection with actions to be taken
at 

  
 4 

 
annual or special meetings of stockholders or in connection with any action by written consent of the stockholders solicited by the Board of Directors (at such times as action by written consent
of stockholders is permitted under the certificate of incorporation of the Company), (iv) entering into a voting trust, agreement or arrangement (with or without granting a proxy) solely with the Company and/or its stockholders that (A) is
disclosed in writing to the Secretary of the Company, (B) either has a term not exceeding one (1) year or is terminable by the undersigned at any time and (C) does not involve any payment of cash, securities, property or other
consideration to the undersigned other than the mutual promise to vote Pre-IPO Company Securities in a designated manner, (v) entering into a customary voting or support agreement (with or without granting a proxy) in connection with any
merger, consolidation or other business combination of the Company, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Common Shares receive the same
consideration per share paid in the tender offer) (a “Business Combination”), (vi) the fact that the spouse of the undersigned possesses or obtains an interest in such holder’s Pre-IPO Company Securities arising solely by
reason of the application of the community property laws of any jurisdiction, so long as no other event or circumstance shall exist or have occurred that constitutes a Transfer of such shares of Pre-IPO Company Securities, (vii) any Transfer
pursuant to any Business Combination, (viii) any Transfer pursuant to a Company registration statement, upon the exercise of the Management Stockholder’s “piggyback rights” under Section 3(b) of the Registration Rights
Agreement, (ix) Transfers of Pre-IPO Securities to Permitted Transferees; provided, that, such Permitted Transferee executes a Joinder Agreement in the form attached as Exhibit A to this Agreement, (x) Transfers of Pre-IPO
Securities to the Company in satisfaction of tax withholding obligations, (xi) Transfers of Pre-IPO Securities pursuant to domestic relations or court orders and (xii) Transfers of Pre-IPO Securities by will or the laws of intestacy;
provided, that it shall be a condition to any Transfer pursuant to clauses (ix), (x), (xi) and (xii) above that each party (Transferor or Transferee) shall not be required by law (including without limitation the disclosure
requirements of the Securities Act and the Exchange Act) to make, and shall agree to not voluntarily make, any filing with the Securities and Exchange Commission or public announcement of the Transfer prior to the expiration of the Lock-up
Restrictions (other than a filing on Form 5 made when required); provided, further, that solely in the case of clause (x) above, in the event that a filing on Form 4 or 5 is required in connection with a forfeiture to the Company
to cover tax obligations of the undersigned in connection with a vesting event, the filing shall report such transfer using transaction code “F” and shall include a footnote that such transaction was undertaken solely to satisfy such tax
obligation. 
 (d) The undersigned also agrees and consents to the entry of stop transfer instructions with the Company’s transfer
agent and registrar against the transfer of the undersigned’s Common Shares except in compliance with the foregoing restrictions. 

ARTICLE III 
 MISCELLANEOUS

 Section 3.1. IPO. The undersigned understands that the Company is relying upon this Agreement in proceeding toward
consummation of the IPO. The undersigned further understands that this Agreement is irrevocable and shall be binding upon the undersigned’s heirs, 

  
 5 

 
legal representatives, successors and assigns. This Agreement shall lapse and become null and void if the IPO shall not have occurred on or before November 30, 2015 or earlier if the Company
has provided written notice to the undersigned that it has determined not to pursue the IPO. Whether or not the IPO actually occurs depends on a number of factors, including market conditions. 

Section 3.2. Notices. Any notice or other communication required or permitted under this Agreement shall be deemed to have
been duly given and made if (a) in writing and served by personal delivery upon the party for whom it is intended; (b) delivered by facsimile with receipt confirmed; (c) delivered by certified mail, registered mail or courier service,
return-receipt received by the party at the address set forth below, to the Persons indicated; or (d) delivered by electronic mail with receipt confirmed: 

(a) if to the Company, to: 

NEP Group, Inc. 
 2 Beta Drive

 Pittsburgh, PA 15238 

Attention: Dean Naccarato, General Counsel 

Facsimile: (412) 820-6067 

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

Vinson & Elkins L.L.P. 

1001 Fannin St., Suite 2500 

Houston, TX 77004 
 Attention:
Alan Beck 
 Facsimile: (713) 615-5620 

(b) if to any Management Stockholder, to the address for such Management Stockholder set forth on Schedule I hereto. 

Section 3.3. Amendment and Waiver. 

(a) Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the
case of an amendment, by each party to this letter agreement or, in the case of a waiver, by each party against whom the waiver is to be effective. 

(b) No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies
provided by Applicable Law. 
 Section 3.4. Binding Effect; Benefit; Assignment. The provisions of this Agreement shall
be binding upon and shall inure to the benefit of the parties hereto and their respective 

  
 6 

 
successors and assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities hereunder upon any Person other than the parties hereto and
their respective successors and assigns. No party may assign, delegate or otherwise transfer any of its rights or obligations under this letter agreement without the consent of each other party hereto, except that the Company may transfer or assign
its rights and obligations under this Agreement, in whole or from time to time in part, to any Person; provided, that such transfer or assignment shall not relieve the Company of its obligations hereunder or enlarge, alter or change any
obligation of any other party hereto or due to the Company. 
 Section 3.5. Governing Law. This Agreement, and all claims
or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this letter agreement, shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of
law rules of such state. 
 Section 3.6. Jurisdiction. The parties hereto agree that any suit, action or proceeding
seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby (whether brought by any party or any of its Affiliates or against any party or any of its
Affiliates) shall be brought in the Delaware Chancery Court or, if such court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware state court, and each of the parties hereby irrevocably consents to the
jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of
the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any
party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, the undersigned agrees that service of process on such party as at the address provided on the signature page hereto shall be
deemed effective service of process on the undersigned. 
 Section 3.7. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW. 

Section 3.8. Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each of which shall
be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall be deemed entered into when each party hereto shall have received a counterpart hereof signed by all of the other
parties hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or
written agreement or other communication). 
 Section 3.9. Entire Agreement. This Agreement, together with the schedule
and exhibit hereto, constitute the entire agreement between the parties with respect to the subject matter of this Agreement and supersede all prior agreements and understandings, both oral and written, between the parties with respect to the
subject matter of this letter agreement. 

  
 7 

 Section 3.10. Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof. 
 Section 3.11. Severability. If any term or
provision of this Agreement is held by a court of competent jurisdiction or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms or provisions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. 

Section 3.12. Interpretation; Construction. The words “hereof”, “herein” and “hereunder” and
words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction
or interpretation hereof. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes” or “including” are used in this Agreement,
they shall be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to printing, typing
and other means of reproducing words (including electronic media) in a visible form. References to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations promulgated thereunder. References
to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted assigns of that
Person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively. References to “law”, “laws” or to a particular statute or law shall be deemed also to
include any Applicable Law. The parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by
the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 

[Signature Pages Follow] 

  
 8 

 IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed this Agreement
on the date first written above. 
  

			
	NEP GROUP, INC.
		
	By:		 
	Name:		
	Title:		

  

			
	MANAGEMENT STOCKHOLDERS:
		
	By:		 
	Name:		
	Title:		

 [Holdback Agreement Signature Page] 

 Schedule I 

COMMON SHARE OWNERSHIP 
  

					
	 Management Stockholders
	 	 Number of

Common Shares
	 	 Number of Stock Options

	 [Company to provide]
	 		 	

 Exhibit A 

FORM OF 
 JOINDER AGREEMENT

 THIS JOINDER AGREEMENT (this “Joinder Agreement”) to the Holdback Agreement, dated as of
[            ], 201[●] (as the same may be amended, modified or supplemented from time to time in accordance with the terms thereof, the “Holdback Agreement”),
by and among NEP Group, Inc., a Delaware corporation (the “Company”), and the Management Stockholders of the Company named therein, is made and entered into as of
[            ], 201[    ], by and between the Company and the undersigned. Capitalized terms used herein but not otherwise defined shall have the meanings
set forth in the Holdback Agreement. 
 WHEREAS, the undersigned wishes to receive from
[[            ] (the “Transferor Stockholder”), pursuant to a transfer permitted under the Stockholders Agreement] [the Company, pursuant to an issuance of Common
Shares (as defined below)] [the Company, pursuant to an exercise of stock options in accordance with the Company EIP or the Company LTIP], [            ] shares, par value $0.01 per
share, of Common Stock of the Company (the “Common Shares”); 
 WHEREAS, the Common Shares are subject to the terms and
conditions set forth in the Holdback Agreement, and the undersigned has been given a copy of the Holdback Agreement and afforded ample opportunity to read it, and the undersigned is thoroughly familiar with its terms; and 

WHEREAS, the undersigned wishes to receive such Common Shares and have the Company register the [transfer] [issuance] of such Common Shares.

 NOW, THEREFORE, in consideration of the mutual premises contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and to induce the [Transferor Stockholder] [Company] to [transfer] [issue] such Common Shares to the undersigned and the Company to register such [transfer] [issuance], the undersigned does hereby
acknowledge and agree that (i) [he/she/it] has been given a copy of the Holdback Agreement and ample opportunity to read it, and the undersigned is thoroughly familiar with its terms, (ii) the Common Shares are subject to the terms and
conditions set forth in the Holdback Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as a “Management Stockholder”. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has duly executed this Joinder Agreement as of this
                 day of                 , 201[●]. 

 

			
	[                                ]
		
	By:		 
	Name:		
	Title:		

 ACKNOWLEDGED AND AGREED: 
  

			
	NEP GROUP, INC.
		
	By:		 
	Name:		
	Title:

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