Document:

Employment Agreement - Garry D. Strop

 Exhibit 10.16B 
 EMPLOYMENT AGREEMENT 
 This AGREEMENT, dated and effective as of June 2, 2008, by and between
SolarWinds, Inc., a Delaware corporation (the “Company”), and Garry Strop (the “Employee”). 
 IN
CONSIDERATION of the premises and the mutual covenants set forth below, the parties hereby agree as follows: 
 1. Position and Duties.

 (a) Effective June 2, 2008 (the “Effective Date”), the Employee will be employed by the Company, on a full-time
basis, as its Vice President of Human Resources and Corporate Infrastructure. The Employee shall report to Mike Bennett, Chief Executive Officer, or such other executive as designated by the CEO or any other member of the management team to which
the Employee reports (hereinafter referred to as the “Managing Executive”). 
 (b) The Employee agrees to perform the duties
of Employee’s position and such other duties as may reasonably be assigned to the Employee from time to time. The Employee also agrees that, while employed by the Company, the Employee will devote substantially all of Employee’s business
time and efforts to the advancement of the business and interests of the Company and its subsidiaries and to the discharge of Employee’s duties and responsibilities for them. Notwithstanding the above, the Employee shall be permitted, to the
extent such activities do not in the aggregate materially interfere with the performance by the Employee of Employee’s duties and responsibilities hereunder to; (i) manage Employee’s personal, financial and legal affairs; and
(ii) serve on civic, educational, philanthropic or charitable boards or committees ; and (iii) serve on any other corporate board or committee as long as such board or committee is disclosed to the Company and does not cause a conflict of
interest with Employee’s duties at the Company. 
 2. Compensation and Benefits. During Employee’s employment, as
compensation for all services performed by the Employee for the Company and its subsidiaries, the Company will provide the Employee the following pay and benefits: 
 (a) Base Salary. The Company will pay Employee a base salary at the rate of $190,000 per year (“Base Salary”), payable in accordance with the regular payroll practices of the Company and shall
be reviewed annually and shall be subject to change from time to time by the Company in its discretion. 
 (b) Bonus Compensation.

 (i) During employment, the Employee shall be eligible for a bonus, paid on a quarterly basis, targeted at $60,000 annually based on the
attainment of certain quarterly corporate and individual performance objectives mutually agreed upon in advance by the Employee and the Managing Executive. The Company will guarantee the Employee a minimum of $30,000 in annual bonus during the first
6 months of the Employees employment with the Company. The guaranteed minimum bonus will be paid on a monthly basis as part of the Empoyee’s normal payroll. The Employee will still be eligible for “Excess Bonus” to the extent that the
Company exceeds it operating objectives during such period. All payments under this section 2(b) will be made in accordance with the regular payroll practices of the Company. 
  

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 (c) Stock Options. As of the Effective Date, the Company shall grant the Employee an option to
purchase 225,000 shares of common stock of the Company, at an exercise price equal to the Fair Market Value (as such term is defined in the Company’s Stock Plan) on the Effective Date. The terms of the options are set out in the Company’s
Stock Option Plan. 
 (d) Participation in Employee Benefit Plans and Vacation Policies. The Employee will be entitled to participate
in all employee benefit plans and vacation policies in effect for employees of the Company. The Employee’s participation will be subject to the terms of the applicable plan documents and generally applicable Company policies. 
 (e) Business Expenses. The Company will pay or reimburse the Employee for all reasonable business expenses incurred or paid by the Employee in the
performance of Employee’s duties and responsibilities for the Company. Reimbursements shall be subject to such reasonable substantiation and documentation as the Company may specify from time to time. 
 (f) Relocation Expenses. The Company will pay the Employee a relocation bonus of $100,000 which will be disbursed based on a schedule further
agree to by the parties. This relocation bonus is intended to offset certain costs expected to be incurred by the Employee in moving from California to Austin, Texas. This relocation bonus will be subject to Federal Income Tax withholding. In the
event the Employee voluntarily leaves Employment with the Company prior to 12 months (other than as a result of an event of Change in Control) from the date of the Employees relocation to Austin, Texas, the Employee will repay a pro rata portion of
the relocation bonus. 
 3. Confidential Information and Restricted Activities. 
 (a) Confidential Information. During the course of the Employee’s employment with the Company, the Company agrees to provide the Employee with
Confidential Information, as defined below, and the Employee may develop Confidential Information on behalf of the Company. The Employee agrees that Employee will not use or disclose to any Person (except as required by applicable law or for the
proper performance of the Employee’s regular duties and responsibilities for the Company) any Confidential Information obtained by the Employee incident to the Employee’s employment or any other association with the Company or any of its
subsidiaries. The Employee understands that this restriction shall continue to apply after the Employee’s employment terminates, regardless of the reason for such termination. 
 (b) Protection of Documents. All material documents, records, software and files, in any media of whatever kind and description, relating to the
business of the Company and its subsidiaries, and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Employee shall be the sole and exclusive property of the Company. The Employee agrees to
safeguard all Documents and to surrender to the Company, at the time the Employee’s employment terminates or at such earlier time or times as the Board or its designee may specify, all Documents then in the Employee’s possession or
control. 
  

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 (c) Non-Competition. The Company agrees to provide Employee with Confidential Information which,
if disclosed, would assist in competition against the Company and that the Employee will also generate goodwill for the Company in the course of the Employee’s employment. Therefore, the Employee agrees that the following restrictions on the
Employee’s activities during and after the Employee’s employment are necessary to protect the goodwill, Confidential Information and other legitimate interests of the Company: 
 (i) While the Employee is employed by the Company the Employee shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent,
employee, co-venturer or otherwise (collectively, a “Competitive Role”), actively compete with the Company or any of its subsidiaries or undertake any planning for any business that is Competitive (as defined in the Company’s
in the Company’s Proprietary Invention Agreement) with the Company or its subsidiaries. 
 (ii) The Employee agrees that during the
twelve (12) months immediately following Employee’s resignation of employment or during six (6) months following an involuntary termination of the Employee’s employment without Cause, the Employee will not, directly or through
any other Person, (A) hire any employee of the Company or any of its subsidiaries or seek to persuade any employee of the Company or any of its subsidiaries to discontinue employment, (B) solicit or encourage any customer of the Company or
any of its subsidiaries or independent contractor providing services to the Company or any of its subsidiaries to terminate or diminish its relationship with them or (C) seek to persuade any customer or active prospective customer of the
Company or any of its subsidiaries to conduct with anyone else any business or activity that such customer or prospective customer conducts or could reasonably be expected to conduct with the Company or any of its subsidiaries at that time.

 (d) In signing this Agreement, the Employee gives the Company assurance that the Employee has carefully read and considered all the terms
and conditions of this Agreement, including the restraints imposed on the Employee under this Section 3. The Employee agrees without reservation that these restraints are necessary for the reasonable and proper protection of the Company and its
subsidiaries and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. The Employee further agrees that, were the Employee to breach any of the covenants contained in this
Section 3, the damage to the Company and its subsidiaries would be irreparable. The Employee agrees that the Company, in addition to any other remedies available to it, shall be entitled to apply for injunctive relief in a court of appropriate
jurisdiction. The Employee and the Company further agree that, in the event that any provision of this Section 3 is determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too
large a geographic area or too great a range of activities, the court may modify and enforce the covenant to the extent it believes to be reasonable under the circumstances. It is also agreed that each of the Company’s subsidiaries shall have
the right to enforce all of the Employee’s obligations to that subsidiary under this Agreement, including without limitation pursuant to this Section 3. 
 4. Termination of Employment. The Employee’s employment under this Agreement shall continue until terminated pursuant to this Section 4. 
  

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 (a) The Company may terminate the Employee’s employment for Cause following at least fifteen
(15) days advance written notice to the Employee setting forth in reasonable detail the nature of the Cause. For purposes of this Agreement, “Cause” means any of the following: (i) the Employee’s continued substantial
violations of Employee’s employment duties or willful disregard of commercially reasonable and lawful directives from the Managing Executive, after Employee has received a written demand for performance from the Managing Executive that sets
forth the factual basis for the Company’s belief that Employee has not substantially performed Employee’s duties or willfully disregarded directives from the Managing Executive; (ii) the Employee’s moral turpitude, dishonesty or
gross misconduct in the performance of Employee’s duties or which has materially and demonstrably injured the finances or future business of the Company or any of its subsidiaries as a whole; (iii) the Employee’s material breach of
this Agreement; or (iv) the Employee’s conviction of, or confession or plea of no contest to, any felony or any other act of fraud, misappropriation, embezzlement, or the like involving the Company’s property; provided, however, that
no such act or event described in clauses (i) and (iii) of this paragraph (a) shall constitute Cause hereunder if the Employee has fully cured such act or event during the applicable fifteen (15) day notice period. 
 (b) This Agreement shall automatically terminate in the event of Employee’s death during employment. No severance pay or other separation benefits
will be paid in the event of such termination due to death except that Employee’s beneficiaries shall be entitled to receive any accrued Base Salary, any bonus compensation to the extent earned, any vested deferred compensation or Stock Options
(other than pension plan or profit-sharing plan benefits which will be paid in accordance with the applicable plan), any benefits under any plans of the Company in which Employee is a participant to the full extent of Employee’s rights under
such plans, any accrued vacation pay and any appropriate business expenses incurred by Employee in connection with his duties hereunder, all to the date of termination (collectively “Accrued Compensation”). In the event the Employee
becomes disabled during employment and, as a result, is unable to continue to perform substantially all of Employee’s duties and responsibilities under this Agreement for a consecutive period of twelve (12) weeks, the Company will continue
to pay the Base Salary to Employee benefits in accordance with Section 2(d) above during such period. If the Employee is unable to return to work after twelve (12) weeks of disability, the Company may terminate the Employee’s
employment, upon notice to the Employee. No severance pay or other separation benefits will be paid in the event of such termination due to disability. If any question shall arise as to whether the Employee is disabled to the extent that the
Executive Employee’s duties and responsibilities for the Company, the Employee shall, at the Company’s request, and at the Company’s expense, submit to a medical examination by a physician selected by the Company to whom the
Employee’s guardian, if any, has no reasonable objection to determine whether the Employee is so disabled and such determination shall for the purposes of this Agreement be conclusive of the issue. If such a question arises and the Employee
fails to submit to the requested medical examination, the Company’s determination of the issue shall be binding on the Employee. 
 (c)
Either the Company or Employee may terminate Employee’s employment “at will,” for any reason, at any time, without cause or notice. However, provided that Employee has been employed for at least one hundred (180) days at the time
of such termination, in the event of termination of the Employee’s employment by the Company other than for Cause, the Employee shall be entitled to receive (i) a lump sum cash severance amount equivalent to three (3) months of
Employee’s then current annual salary (the “Severance Payments”), less applicable 

  

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deductions; (ii) any earned but unpaid bonus payment, (iii) reimbursement of the health and dental care continuation premiums for Employee and
Employee’s dependents incurred by Employee to effect continuation of health and dental insurance coverage for Employee and Employee’s dependents on the same basis as active employees, for a period of six (6) months from the date of
such termination, to the extent that Employee is eligible for and elects continuation coverage under COBRA; and (iv) any accrued and unused vacation pay payable within twenty one (21) calendar days of the termination date (subject to
required withholding). Any obligation of the Company to provide the Employee severance payments under this Section 4(c) is conditioned, however, upon the Employee signing a release of claims in the form provided by the Company and reasonably
acceptable to Employee within twenty-one (21) days of the date on which the Employee gives or receives, as applicable, notice of termination of employment and upon the Employee’s not revoking the Employee Release thereafter. The Employee
Release will also include a mutual release by the Company of any claims against the Executive. 
 (d) In the event of termination of the
Employee’s employment by the Company for Cause or the Employee’s voluntary resignation, the Company will pay the Employee any Base Salary earned but not paid through the date of termination, any earned but unpaid bonus, and pay for any
vacation time accrued but not used to that date. The Company shall have no obligation to the Employee for bonus or severance payments. 
 (e)
Except for any right the Employee may have under the federal law known as “COBRA” to continue participation in the Company’s group health and dental plans, and subject to Section 4(c)(iii) above, benefits shall terminate in
accordance with the terms of the applicable benefit plans based on the date of termination of the Employee’s employment, without regard to any continuation of base salary or other payment to the Employee following termination. 
 (f) Provisions of this Agreement shall survive any termination if so provided in this Agreement or if necessary to accomplish the purposes of other
surviving provisions, including without limitation the Employee’s obligations under Section 3 of this Agreement, with the exception of Section 3(c)(i), which obligations do not survive termination. The obligation of the Company to
make payments to the Employee under this Section 4 is expressly conditioned upon the Employee’s continued full performance of the obligations under Section 3 hereof that survive the termination of Employee’s employment. Upon
termination by either the Employee or the Company, all rights, duties and obligations of the Employee and the Company to each other shall cease, except as otherwise expressly provided in this Agreement. 
 (g) Section 409A. Notwithstanding anything to the contrary in this Agreement, any cash severance payments otherwise due to the Employee pursuant to
Sections 4(c) or 5 or otherwise on or within the six-month period following the Employee’s termination will accrue during such six-month period and will become payable in a lump sum payment, with interest at the prime rate, on the date six
(6) months and one (1) day following the date of termination, provided, that such cash severance payments will be paid earlier, at the times and on the terms set forth in the applicable provisions of Sections 4(c) or 5, if the Company and
the Employee mutually determine that the imposition of additional tax under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), will not apply to an earlier payment of such cash severance payments. In
addition, this Agreement will be deemed amended to the extent necessary to avoid imposition of any additional tax or income recognition prior to actual payment to the Employee under Code 

  

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Section 409A and any temporary or final Treasury Regulations and guidance promulgated thereunder and the parties agree to cooperate with each other and
to take reasonably necessary steps in this regard. 
 5. Change of Control Benefits. Change of Control shall be defined as a
transaction or series of transactions where the shareholders of the Company immediately preceding such transaction own, following such transaction, less than 50% of the voting securities of the Company. Provided however, that a firmly
underwritten public offering of the Common Stock shall not be deemed a Change of Control. If Employee is terminated without Cause upon or during the twelve (12) month period after the effective date of a Change of Control, the Employee shall
receive (i) any accrued but unpaid salary, vacation or bonus payment; (ii) the consideration set forth in section 4(c) hereof; and (iii) an additional cash severance amount equal to three (3) months’ base salary and
(iii) and in the event that the Employee is terminated within the 12 month period following the closing date of a transaction that results in a change of control, an amount equaling 50% of the Employee’s original stock option grant of
225,000 shares (i.e. 112,500 options) shall immediately and fully vest as of the date of such termination. The Employee will have 90 days from the date of termination to exercise such vested stock options. 
 6. Indemnification and Insurance. The Company and Employee will enter into a Indemnification Agreement for Employee’s Benefitas approved by
the Company’s Board of Directors and will maintain Director and Officers liability insurance for Employee during her Employment and for a reasonable time thereafter as permitted by the Company’s Director and Officer Insurance Policy.

 7. Definitions. For purposes of this Agreement, the following definitions apply: 
 “Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company,
where control may be by management authority, equity interest or otherwise. 
 “Confidential Information” means matters
relating to the financial condition, results of operations, business, properties, assets, liabilities or future prospects of the Company and its subsidiaries. Confidential Information does not include information that enters the public domain, other
than through the Employee’s breach of the Employee’s obligations under this Agreement. 
 “Person” means an
individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust or any other entity or organization, other than the Company or any of its Affiliates. 
 8. Conflicting Agreements. The Employee hereby represents and warrants that the Employee’s signing of this Agreement and the performance of
the Employee’s obligations under it will not breach or be in conflict with any other agreement to which the Employee is a party or are bound and that the Employee is not now subject to any covenants against competition or similar covenants or
any court order that could affect the performance of the Employee’s obligations under this Agreement. 
  

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 9. Withholding. All payments made by the Company under this Agreement shall be reduced by any tax
or other amounts required to be withheld by the Company under applicable law. 
 10. Assignment. Neither the Employee nor the Company
may make any assignment of this Agreement or any interest in it, by operation of law or otherwise, without the prior written consent of the other. This Agreement shall inure to the benefit of and be binding upon the Employee and the Company, and
each of our respective successors, executors, administrators, heirs and permitted assigns. 
 11. Severability. If any portion or
provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to
which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 12. Miscellaneous. This Agreement sets forth the entire agreement between the Employee and the Company and replaces all prior and contemporaneous
communications, agreements and understandings, written or oral, with respect to the terms and conditions of the Employee’s employment. This Agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to
in writing by the Employee and an expressly authorized representative of the Board. The headings and captions in this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. This
Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. 
 13. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Texas without regard to the conflict of laws principles thereof. 
 14. Notices. Any notices provided for in this Agreement shall be in writing and shall be effective when delivered in person or deposited in the
United States mail, postage prepaid, and addressed to the Company at its principal place of business, attention of the General Counsel or in the case of the Employee, at the Employee’s last known address on the books of the Company (or to such
other address as either party may specify by notice to the other actually received). 
 IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date first written above. 
  

					
	SOLARWINDS, INC.	 		 	EMPLOYEE
			
	 /s/ Kevin Thompson
	 		 	 /s/ Garry
Strop                        5-19-08

	Kevin Thompson, COO/CFO	 		 	Garry Strop

  

 - 7 -Stock Ownership Agreement

 Exhibit 10.1 
 Stock Ownership Agreement 
 This STOCK OWNERSHIP AGREEMENT, dated as of May 30, 2008 (the
“Agreement”), is by and between Arbinet-thexchange, Inc., a Delaware corporation (“Arbinet”), and the Singer Children’s Management Trust (the “Trust”), Gary Singer (“GS”) and Karen Singer (“KS”
and together with the Trust and GS, the “Singer Entities”). 
 WHEREAS, the Singer Entities are the beneficial owners of 3,849,674
shares of common stock, par value $0.001 per share, of Arbinet (the “Common Stock”); 
 WHEREAS, GS acts as a consultant to the
Trust; 
 WHEREAS, the Singer Entities may, from time to time, purchase additional shares of the outstanding voting stock (as such term is
hereinafter defined) of Arbinet through open market purchases, privately negotiated transactions or otherwise; and 
 WHEREAS, Arbinet and
the Singer Entities wish to make certain agreements regarding the Singer Entities ability to purchase additional shares of the outstanding voting stock of Arbinet without being subject to limitations on their ability to enter into business
combinations (as such term is hereinafter defined) with Arbinet. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 Section 1. Representations. 
 (a) Binding Agreement: Authority. Arbinet hereby
represents and warrants that this Agreement has been duly authorized, executed and delivered by Arbinet, and is a valid and binding obligation of Arbinet, enforceable against Arbinet in accordance with its terms. Each of the Singer Entities hereby
represents and warrants that this Agreement has been duly authorized, executed and delivered by such Singer Entity, and is a valid and binding obligation of such Singer Entity, enforceable against such Singer Entity in accordance with its terms.

 (b) Share Ownership of Common Stock. The Trust hereby represents and warrants that, as of the close of business on May 30,
2008, it was the owner (as such term is hereinafter defined) of 3,849,674 shares of Common Stock, and that neither it nor its Affiliates or Associates (as such terms are hereinafter defined) own, or have any rights, options or agreements to acquire
or vote, any other shares of Common Stock. GS hereby represents and warrants that, as of the date hereof, he does not own any shares of Common Stock, and that neither he nor his Affiliates or Associates (other than the Trust) own, or have any
rights, options or agreements to acquire or vote, any other shares of Common Stock. KS hereby represents and warrants that, as of the date hereof, she does not own any shares of Common Stock, and that neither she nor her Affiliates or Associates
(other than the Trust) own, or have any rights, options or agreements to acquire or vote, any other shares of Common Stock. Each of the Singer Entities, together with his, her or its Affiliates or Associates, is not an interested stockholder (as
such term is hereinafter defined). 

 (c) Capitalization. Arbinet hereby represents and warrants that, at the close of business on
May 30, 2008, there were 24,983,570 shares of Common Stock and issued and outstanding. 
 (d) Defined Terms. For purposes of this
Agreement, the terms “Affiliate,” “Associate,” “business combination,” “control,” “interested stockholder,” “person,” “stock,” “voting stock,” “owner,”
“own,” and “owned” shall have the respective meanings set forth in Section 203 of the Delaware General Corporation Law (the “DGCL”) in effect as of the date hereof. Any determination as to whether ownership by the
Singer Entities, together with their Affiliates and Associates, equals or exceeds eighteen percent (18%) of the outstanding voting stock of Arbinet shall be made on the basis of the number of shares of voting stock of Arbinet that are
outstanding as of the date of such determination. 
 Section 2. Approval of Acquisitions of Common Stock. Subject to the due
execution and delivery of this Agreement by the Singer Entities, the Board of Directors of Arbinet has approved, for purposes of Section 203 of the DGCL, the purchase by the Trust of up to eighteen percent (18%) of the outstanding voting
stock of Arbinet through open market purchases, privately negotiated transactions or otherwise (the “Transaction”). 
 Section
3. Stock Ownership. As a condition to the approval by the Board of Directors of Arbinet of the Transaction, if, at any time during the three (3) year period from the date hereof, the Singer Entities, together with their Affiliates
and Associates, become the owner of eighteen percent (18%) or more of the outstanding voting stock of Arbinet, the parties hereby agree that neither the Singer Entities nor any of their respective Affiliates or Associates will be able to engage
in any business combination with Arbinet for a period of three (3) years following the date on which the Singer Entities became the owner of eighteen percent (18%) or more of the outstanding voting stock of Arbinet. Without limiting the
foregoing, each of the Singer Entities hereby represents that any such business combination would be null and void. 
 (b) The restrictions
contained in Section 3(a) of this Agreement shall not apply if the Singer Entities, together with their Affiliates and Associates, inadvertently become the owner of eighteen percent (18%) or more of the outstanding voting stock of Arbinet
(the “Inadvertent Transaction”) and (i) as soon as practicable, but in any event within ten (10) business days of the Inadvertent Transaction, the Singer Entities, together with their Affiliates and Associates, divest themselves
of ownership of a sufficient number of shares so that the Singer Entities, together with their Affiliates and Associates, cease to own eighteen percent (18%) or more of the outstanding voting stock of Arbinet, and (ii) the Singer Entities,
together with their Affiliates and Associates, would not, at any time within the three (3) year period immediately prior to a business combination between Arbinet and the Singer Entities, have been the owner of eighteen percent (18%) or
more of the outstanding voting stock of Arbinet but for the Inadvertent Transaction. 
 (c) The restrictions contained in Section 3(a)
of this Agreement shall not apply if the Singer Entities would be entitled to rely on the exemptions from prohibitions on business combinations set forth in Section 203(b)(6) of the DGCL. 
  

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 (d) The restrictions contained in Section 3(a) of this Agreement shall not apply if the Singer
Entities, together with their Affiliates and Associates, become the owner of eighteen percent (18%) or more of the outstanding voting stock of Arbinet as a result of action taken solely by Arbinet; provided, that the restrictions
contained in Section 3(a) of this Agreement shall apply if the Singer Entities, together with their Affiliates and Associates, thereafter acquire additional shares of voting stock of Arbinet, except as a result of further corporate action not
caused, directly or indirectly, by the Singer Entities or their respective Affiliates and Associates. 
 (e) Each of the Singer Entities
agrees to cause its respective Affiliates and Associates to comply with the terms of this Agreement, including the restrictions on ownership set forth in this Section 3. 
 Section 4. Remedies. Each party hereto hereby acknowledges and agrees that irreparable harm would occur in the event any of the provisions
of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to specific relief hereunder, including, without limitation, an injunction or
injunctions to prevent and enjoin breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof in any state or federal court in the State of Delaware, in addition to any other remedy to which they may be
entitled at law or in equity. Any requirements for the securing or posting of any bond with such remedy are hereby waived. 
 Section
5. Entire Agreement. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and may be amended only by an agreement in writing executed by the parties hereto. For the avoidance of doubt,
this Agreement does not supersede or replace that certain Settlement and Standstill Agreement dated as of July 13, 2007 by and between Arbinet and the Singer Children’s Management Trust, Karen Singer, and Gary Singer, which remains in full
force and effect in accordance with its terms. 
 Section 6. Notices. All notices, consents, requests, instructions, approvals
and other communications provided for herein and all legal process in regard hereto shall be validly given, made or served, if in writing and sent by U.S. registered mail, return receipt requested: 
  

			
	if to Arbinet:	  	Arbinet-thexchange, Inc.
		  	Tower II, Suite 450
		  	120 Albany Street
		  	New Brunswick, New Jersey 08901
		  	Attention: General Counsel
		
	with a copy to:	  	Goodwin Procter LLP
		  	Exchange Place
		  	Boston, Massachusetts 02109
		  	Attention: Joseph L. Johnson III

  

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	if to the Singer Entities:	  	Singer Children’s Management Trust
	 	  	Gary Singer
		  	Karen Singer
		  	212 Vaccaro Drive
		  	Cresskill, New Jersey 07626
		
	with a copy to:	  	Andrews Kurth LLP
		  	450 Lexington Avenue
		  	New York, New York 10017
		  	Attention: Paul Silverstein

 Section 7. Law Governing. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware, without regard to any conflict of laws provisions thereof. The parties, on behalf of itself and its Affiliates and Associates, hereby irrevocably and unconditionally consent to the
exclusive jurisdiction of the courts in the State of Delaware and/or the courts of the United States of America located in the State of Delaware for any action, suit or proceeding arising out of or relating to this Agreement or the transactions
contemplated hereby, and agree not to commence any action, suit or proceeding related thereto except in such courts. The parties, on behalf of itself and its Affiliates and Associates, hereby irrevocably and unconditionally waive any objection to
the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby, in the courts in the State of Delaware and/or the courts of the United States of America located in the State of Delaware,
and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action, suit or proceeding in any such court has been brought in any inconvenient forum. 
 Section 8. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
 Section 9. No Presumption Against Draftsman. Each of the
undersigned parties hereby acknowledges the undersigned parties fully negotiated the terms of this Agreement, that each such party had an equal opportunity to influence the drafting of the language contained in this Agreement and that there shall be
no presumption against any such party on the ground that such party was responsible for preparing this Agreement or any part hereof. The headings contained in this Agreement are for convenience purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. 
 Section 10. Enforceability. If any term, provision, covenant or restriction of
this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be
affected, impaired or invalidated. It is hereby stipulated and declared to be the intention of the parties that the parties would have executed the remaining terms, provisions, covenants and restrictions without including any of such which may be
hereafter declared invalid, void or unenforceable. In addition, the parties agree to use their best efforts to agree upon and substitute a valid and enforceable term, provision, covenant or restriction for any such that is held invalid, void or
unenforceable by a court of competent jurisdiction. Each of the Singer Entities acknowledges that this Agreement shall be binding upon each of their respective heirs, successors and assigns, and agrees to take all action necessary to cause this
Agreement to be binding on such persons. 
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 IN WITNESS WHEREOF, each of the parties hereto has executed this Stock Ownership Agreement, or caused the
same to be executed by its duly authorized representative as of the date first above written. 
  

			
	ARBINET-THEXCHANGE, INC.
		
	By:	 	 /s/ William M. Freeman

	Name:	 	William M. Freeman
	Title:	 	Chief Executive Officer and President
	
	SINGER CHILDREN’S MANAGEMENT TRUST
		
	By:	 	 /s/ Karen Singer

	Name:	 	Karen Singer, its Trustee
	
	 /s/ Gary Singer

	Gary Singer, individually and as consultant to the Singer Children’s Management Trust
	
	 /s/ Karen Singer

	Karen Singer, individually

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]