Document:

EX-4.2

 Exhibit 4.2 

The ADT Corporation 

U.S. $1,000,000,000 6.250% Senior Notes due 2021 
  

 

Exchange and Registration Rights Agreement 

October 1, 2013 
 Goldman,
Sachs & Co., 
 Citigroup Global Markets Inc. 

Deutsche Bank Securities Inc. 

J.P. Morgan Securities LLC 
 As
representatives of the several Purchasers 
 named in Schedule I to the Purchase Agreement 

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

New York, New York 10282-2198. 
 Ladies and Gentlemen: 

The ADT Corporation, a Delaware corporation (the “Company”), proposes to issue and sell to the Purchasers (as defined herein)
upon the terms set forth in the Purchase Agreement (as defined herein) $1,000,000,000 principal amount of its 6.250% Senior Notes due 2021 (the “Securities”). As an inducement to the Purchasers to enter into the Purchase Agreement
and in satisfaction of a condition to the obligations of the Purchasers thereunder, the Company agrees with the Purchasers for the benefit of holders (as defined herein) from time to time of the Registrable Securities (as defined herein) as follows:

 1. Certain Definitions. For purposes of this Exchange and Registration Rights Agreement (this “Agreement”), the
following terms shall have the following respective meanings: 
 “Base Interest” shall mean the interest that would
otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement. 

The term “broker-dealer” shall mean any broker or dealer registered with the Commission under the Exchange Act. 

“Business Day” shall have the meaning set forth in Rule 13e-4(a)(3) promulgated by the Commission under the Exchange
Act, as the same may be amended or succeeded from time to time. 
 “Closing Date” shall mean the date on which the
Securities are initially issued. 

 “Commission” shall mean the United States Securities and Exchange Commission, or
any other federal agency at the time administering the Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 

“EDGAR System” means the EDGAR filing system of the Commission and the rules and regulations pertaining thereto promulgated
by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format). 

“Effective Time,” in the case of (i) an Exchange Registration, shall mean the time and date as of which the Commission
declares the Exchange Registration Statement effective or as of which the Exchange Registration Statement otherwise becomes effective and, (ii) a Shelf Registration, shall mean the time and date as of which the Commission declares the Shelf
Registration Statement effective or as of which the Shelf Registration Statement otherwise becomes effective. 
 “Electing
Holder” shall mean any holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(ii) or Section 3(d)(iii) and the instructions set forth in
the Notice and Questionnaire. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated by the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Exchange
Offer” shall have the meaning assigned thereto in Section 2(a). 
 “Exchange Registration” shall have the
meaning assigned thereto in Section 3(c). 
 “Exchange Registration Statement” shall have the meaning assigned thereto
in Section 2(a). 
 “Exchange Securities” shall have the meaning assigned thereto in Section 2(a). 

The term “holder” shall mean each of the Purchasers and other persons who acquire Securities from time to time (including any
successors or assigns), in each case for so long as any such person owns any Securities. 
 “Indenture” shall mean the
Indenture, dated as of July 5, 2012, among the Company and Wells Fargo Bank, National Association, as trustee, as the same may be amended from time to time. 

“Notice and Questionnaire” means a Notice of Registration Statement and Selling Securityholder Questionnaire substantially in
the form of Exhibit A hereto. 
 The term “person” shall mean a corporation, limited liability company, association,
partnership, organization, business, individual, government or political subdivision thereof or governmental agency. 

  
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 “Purchase Agreement” shall mean the Purchase Agreement, dated as of
September 24, 2013 among the Purchasers and the Company relating to the Securities. 
 “Purchasers” shall mean the
Purchasers named in Schedule I to the Purchase Agreement. 
 “Registrable Securities” shall mean the Securities;
provided, however, that a Security shall cease to be a Registrable Security upon the earliest to occur of the following: (i) in the circumstances contemplated by Section 2(a), the Security has been exchanged for an Exchange Security
in an Exchange Offer as contemplated in Section 2(a) (provided that any Exchange Security that, pursuant to the last two sentences of Section 2(a), is included in a prospectus for use in connection with resales by broker-dealers
shall be deemed to be a Registrable Security with respect to Sections 5, 6 and 9 until resale of such Registrable Security has been effected within the Resale Period); (ii) in the circumstances contemplated by Section 2(b), a Shelf
Registration Statement registering such Security under the Securities Act has been declared or becomes effective and such Security has been sold or otherwise transferred by the holder thereof pursuant to and in a manner contemplated by such
effective Shelf Registration Statement; (iii) subject to Section 8(b), such Security is actually sold by the holder thereof pursuant to Rule 144 under circumstances in which any legend borne by such Security relating to restrictions
on transferability thereof, under the Securities Act or otherwise, is removed by the Company or pursuant to the Indenture; or (iv) such Security is eligible to be sold by non-affiliates of the Company without complying with the requirements of
paragraph (c)(1) of Rule 144 (or such earlier time that such Security is freely saleable); or (v) such Security shall cease to be outstanding. 

“Registration Default” shall have the meaning assigned thereto in Section 2(c). 

“Registration Default Period” shall have the meaning assigned thereto in Section 2(c). 

“Registration Expenses” shall have the meaning assigned thereto in Section 4. 

“Resale Period” shall have the meaning assigned thereto in Section 2(a). 

“Restricted Holder” shall mean (i) a holder that is an affiliate of the Company within the meaning of Rule 405,
(ii) a holder who acquires Exchange Securities outside the ordinary course of such holder’s business, (iii) a holder who has arrangements or understandings with any person to participate in the Exchange Offer for the purpose of
distributing Exchange Securities and (iv) a holder that is a broker-dealer, but only with respect to Exchange Securities received by such broker-dealer pursuant to an Exchange Offer in exchange for Registrable Securities acquired by the
broker-dealer directly from the Company. 
 “Rule 144”, “Rule 405”, “Rule 415”,
“Rule 424”, “Rule 430B” and “Rule 433” shall mean, in each case, such rule promulgated by the Commission under the Securities Act (or any successor provision), as the same may be amended or
succeeded from time to time. 

  
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 “Securities” shall mean the $1,000,000,000 principal amount of 6.250% Senior
Notes due 2021, of the Company to be issued and sold to the Purchasers, and securities issued in exchange therefor or in lieu thereof pursuant to the Indenture. 

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated by the
Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Shelf Registration” shall have the
meaning assigned thereto in Section 2(b). 
 “Shelf Registration Statement” shall have the meaning assigned thereto in
Section 2(b). 
 “Special Interest” shall have the meaning assigned thereto in Section 2(c). 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and regulations promulgated by
the Commission thereunder, as the same may be amended or succeeded from time to time. 
 “Trustee” shall mean Wells Fargo
Bank, National Association, as trustee under the Indenture, together with any successors thereto in such capacity. 
 Unless the context
otherwise requires, any reference herein to a “Section” or “clause” refers to a Section or clause, as the case may be, of this Agreement, and the words “herein,” “hereof” and “hereunder” and other
words of similar import refer to this Agreement as a whole and not to any particular Section or other subdivision. 
 2. Registration Under
the Securities Act. 
 (a) Except as set forth in Section 2(b) below, the Company agrees to file under the Securities Act a registration
statement relating to an offer to exchange (such registration statement, the “Exchange Registration Statement”, and such offer, the “Exchange Offer”) any and all of the Securities for a like aggregate principal
amount of debt securities issued by the Company, which debt securities are substantially identical to the Securities (and are entitled to the benefits of the Indenture), except that they have been registered pursuant to an effective registration
statement under the Securities Act, and do not contain provisions for Special Interest contemplated in Section 2(c) below (such new debt securities hereinafter called “Exchange Securities”). The Company agrees to use all
commercially reasonable efforts to cause the Exchange Registration Statement to become effective under the Securities Act no later than 365 days after the Closing Date. The Exchange Offer will be registered under the Securities Act on the
appropriate form and will comply with all applicable tender offer rules and regulations under the Exchange Act. Unless the Exchange Offer would not be permitted by applicable law or Commission policy, the Company further agrees to use all
commercially reasonable efforts to (i) commence the Exchange Offer promptly (but no later than 10 Business Days) following the Effective Time of such Exchange Registration Statement, (ii) hold the Exchange Offer open for at least 20
Business Days in accordance with Regulation 14E promulgated by the Commission under the 

  
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Exchange Act and (iii) exchange Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn promptly following the expiration of the Exchange Offer.
The Exchange Offer will be deemed to have been “completed” only (i) if the debt securities and any related guarantee received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are, upon receipt,
transferable by each such holder without restriction under the Securities Act and the Exchange Act and without material restrictions under the blue sky or securities laws of a substantial majority of the States of the United States of America and
(ii) upon the Company having exchanged, pursuant to the Exchange Offer, Exchange Securities for all Registrable Securities that have been properly tendered and not withdrawn before the expiration of the Exchange Offer, which shall be on a date
that is at least 20 and not more than 30 Business Days following the commencement of the Exchange Offer. The Company agrees (x) to include in the Exchange Registration Statement a prospectus for use in any resales by any holder of Exchange
Securities that is a broker-dealer and (y) to keep such Exchange Registration Statement effective for a period (the “Resale Period”) beginning when Exchange Securities are first issued in
the Exchange Offer and ending upon the earlier of the expiration of the 180th day after the Exchange Offer has been completed or such time as such broker-dealers no longer own any Registrable
Securities. With respect to such Exchange Registration Statement, such holders shall have the benefit of the rights of indemnification and contribution set forth in Subsections 6(a), 6(c), 6(d) and 6(e). 

(b) If (i) on or prior to the time the Exchange Offer is completed existing law or Commission interpretations are changed such that the
debt securities or the related guarantee received by holders other than Restricted Holders in the Exchange Offer for Registrable Securities are not or would not be, upon receipt, transferable by each such holder without restriction under the
Securities Act, (ii) the Effective Time of the Exchange Registration Statement is not within 365 days following the Closing Date and the Exchange Offer has not been completed within 30 Business Days of such Effective Time or (iii) any
holder of Registrable Securities notifies the Company prior to the 20th Business Day following the completion of the Exchange Offer that: (A) it is prohibited by law or Commission policy from
participating in the Exchange Offer, (B) it may not resell the Exchange Securities to the public without delivering a prospectus and the prospectus supplement contained in the Exchange Registration Statement is not appropriate or available for
such resales or (C) it is a broker-dealer and owns Securities acquired directly from the Company or an affiliate of the Company, then the Company shall, in lieu of (or, in the case of clause (iii), in addition to) conducting the Exchange Offer
contemplated by Section 2(a), file under the Securities Act no later than 30 days after the time such obligation to file arises (but no earlier than 90 days after the Closing Date), a “shelf” registration statement providing for the
registration of, and the sale on a continuous or delayed basis by the holders of, all of the Registrable Securities, pursuant to Rule 415 or any similar rule that may be adopted by the Commission (such filing, the “Shelf
Registration” and such registration statement, the “Shelf Registration Statement”). The Company agrees to use all commercially reasonable efforts to cause the Shelf Registration Statement to become or be declared effective
no later than 90 days after such Shelf Registration Statement filing obligation arises (but no earlier than 180 days after the Closing Date); provided, that if at any time the Company is or 

  
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becomes a “well-known seasoned issuer” (as defined in Rule 405) and is eligible to file an “automatic shelf registration statement” (as defined in Rule 405), then
the Company shall file the Shelf Registration Statement in the form of an automatic shelf registration statement as provided in Rule 405. The Company agrees to use all commercially reasonable efforts to keep such Shelf Registration Statement
continuously effective for such time as there are no longer any Registrable Securities outstanding. No holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement or to use the prospectus forming a part
thereof for resales of Registrable Securities unless such holder is an Electing Holder. The Company agrees, after the Effective Time of the Shelf Registration Statement and promptly upon the request of any holder of Registrable Securities that is
not then an Electing Holder, to use all commercially reasonable efforts to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities, including, without limitation, any action necessary to identify such
holder as a selling securityholder in the Shelf Registration Statement (whether by post-effective amendment thereto or by filing a prospectus pursuant to Rules 430B and 424(b) under the Securities Act identifying such holder), provided,
however, that nothing in this sentence shall relieve any such holder of the obligation to return a completed and signed Notice and Questionnaire to the Company in accordance with Section 3(d)(iii) hereof. The Company further agrees to
supplement or make amendments to the Shelf Registration Statement, as and when required by the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act
or rules and regulations thereunder for shelf registration, and the Company agrees to furnish, or cause to be furnished, to each Electing Holder copies of any such supplement or amendment prior to its being used or promptly following its filing with
the Commission. The Company’s obligation to file a Shelf Registration Statement under clause (i) of this Section 2(b), to cause such Shelf Registration Statement to become and remain effective and to comply with its other undertakings
in this Section 2(b) shall terminate upon the completion of the Exchange Offer pursuant to Section 2(a). 
 (c) In the event that
(i) the Company has not filed the Shelf Registration Statement on or before the date on which such registration statement is required to be filed pursuant to Section 2(b), or (ii) the Exchange Registration Statement or Shelf
Registration Statement has not become effective or been declared effective by the Commission on or before the date on which such registration statement is required to become or be declared effective pursuant to Section 2(a) or
Section 2(b), respectively, or (iii) the Exchange Offer has not been completed within 30 Business Days after the Effective Time of the Exchange Registration Statement relating to the Exchange Offer (if the Exchange Offer is then required
to be made) or (iv) any Exchange Registration Statement or Shelf Registration Statement required by Section 2(a) or Section 2(b) is filed and declared or becomes effective but shall thereafter either be withdrawn by the Company or
shall become subject to an effective stop order issued pursuant to Section 8(d) of the Securities Act suspending the effectiveness of such registration statement (except as specifically permitted herein) without being succeeded immediately by
an additional registration statement filed and declared or otherwise becoming effective; or (v) the Company requires holders to refrain from disposing of their Registrable Securities due to a Suspension Event (as defined in Section 3(i))
to the 

  
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extent that such period exceeds 45 days in any one instance or 90 days in the aggregate during any consecutive 12-month period (a “Suspension Period”) (each such event referred
to in clauses (i) through (iv), a “Registration Default” and each period during which a Registration Default has occurred and is continuing, a “Registration Default Period”), then, as liquidated damages for
such Registration Default, subject to the provisions of Section 9(b), special interest (“Special Interest”), in addition to the Base Interest, shall accrue on all Registrable Securities then outstanding at a per annum rate of
0.25% for the first 90 days of the Registration Default Period, and at a per annum rate of 0.50% thereafter for the remaining portion of the Registration Default Period. 

(d) The Company shall take all actions necessary or advisable to be taken by it to ensure that the transactions contemplated herein are
effected as so contemplated. 
 (e) Any reference herein to a registration statement or prospectus as of any time shall be deemed to include
any document incorporated, or deemed to be incorporated, therein by reference as of such time; and any reference herein to any post-effective amendment to a registration statement or to any prospectus supplement as of any time shall be deemed to
include any document incorporated, or deemed to be incorporated, therein by reference as of such time. 
 3. Registration
Procedures. 
 If the Company files a registration statement pursuant to Section 2(a) or Section 2(b), the following
provisions shall apply: 
 (a) At or before the Effective Time of the Exchange Registration or any Shelf Registration, whichever may occur
first, the Company shall qualify the Indenture under the Trust Indenture Act. 
 (b) In the event that such qualification would require the
appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 

(c) In connection with the Company’s obligations with respect to the registration of Exchange Securities as contemplated by
Section 2(a) (the “Exchange Registration”), if applicable, the Company shall: 
 (i) prepare and file
with the Commission an Exchange Registration Statement on any form which may be utilized by the Company and which shall permit the Exchange Offer and resales of Exchange Securities by broker-dealers during the Resale Period to be effected as
contemplated by Section 2(a), and use all commercially reasonable efforts to cause such Exchange Registration Statement to become effective no later than 365 days after the Closing Date; 

  
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 (ii) as soon as practicable prepare and file with the Commission such amendments
and supplements to such Exchange Registration Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Exchange Registration Statement for the periods and purposes contemplated in
Section 2(a) and as may be required by the applicable rules and regulations of the Commission and the instructions applicable to the form of such Exchange Registration Statement, and promptly provide each broker-dealer holding Exchange
Securities with such number of copies of the prospectus included therein (as then amended or supplemented), in conformity in all material respects with the requirements of the Securities Act and the Trust Indenture Act, as such broker-dealer
reasonably may request prior to the expiration of the Resale Period, for use in connection with resales of Exchange Securities; 

(iii) promptly notify each broker-dealer that has requested or received copies of the prospectus included in such Exchange
Registration Statement, and confirm such advice in writing, (A) when such Exchange Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective
amendment has been filed, and, with respect to such Exchange Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the
blue sky or securities commissioner or regulator of any state with respect thereto or any request by the Commission for amendments or supplements to such Exchange Registration Statement or prospectus or for additional information, (C) of the
issuance by the Commission of any stop order suspending the effectiveness of such Exchange Registration Statement or the initiation or threatening of any proceedings for that purpose, (D) if at any time the representations and warranties of the
Company contemplated by Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Exchange Securities for sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose, (F) the occurrence of any event that causes the Company to become an “ineligible issuer” as defined in Rule 405, or (G) if at any time during
the Resale Period when a prospectus is required to be delivered under the Securities Act, that such Exchange Registration Statement, prospectus, prospectus amendment or supplement or post-effective amendment
does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act or contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances then existing; 
 (iv) in the event
that the Company would be required, pursuant to Section 3(c)(iii)(G), to notify any broker-dealers holding Exchange Securities, promptly prepare and furnish, or cause to be furnished, to each such holder a reasonable number of copies of a
prospectus supplemented or amended so that, as thereafter delivered to purchasers of such Exchange Securities during the Resale Period, such prospectus shall conform in all material respects to the applicable requirements of the Securities Act and
the Trust Indenture Act and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then
existing; 

  
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 (v) use all commercially reasonable efforts to obtain the withdrawal of any order
suspending the effectiveness of such Exchange Registration Statement or any post-effective amendment thereto at the earliest practicable date; 

(vi) use all commercially reasonable efforts to (A) register or qualify the Exchange Securities under the securities laws
or blue sky laws of such jurisdictions as are contemplated by Section 2(a) no later than the commencement of the Exchange Offer, to the extent required by such laws, (B) keep such registrations or qualifications in effect and comply with
such laws so as to permit the continuance of offers, sales and dealings therein in such jurisdictions until the expiration of the Resale Period, (C) take any and all other actions as may be reasonably necessary or advisable to enable each
broker-dealer holding Exchange Securities to consummate the disposition thereof in such jurisdictions and (D) obtain the consent or approval of each governmental agency or authority, whether federal, state or local, which may be required to
effect the Exchange Registration, the Exchange Offer and the offering and sale of Exchange Securities by broker-dealers during the Resale Period; provided, however, that the Company shall not be required for any such purpose to
(1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(c)(vi) or (2) consent to general service of process in any such jurisdiction or
become subject to taxation in any such jurisdiction; 
 (vii) obtain a CUSIP number for each series of Exchange Securities,
not later than the applicable Effective Time; and 
 (viii) comply with all applicable rules and regulations of the
Commission, and make generally available to its securityholders no later than eighteen months after the Effective Time of such Exchange Registration Statement, “earning statements” of the Company and its subsidiaries complying with
Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder). 
 (d) In connection with the
Company’s obligations with respect to the Shelf Registration, if applicable, the Company shall: 
 (i) prepare and file
with the Commission, within the time periods specified in Section 2(b), a Shelf Registration Statement on any form which may be utilized by the Company and which shall register all of the Registrable Securities for resale by the holders thereof
in accordance with such method or methods of disposition as may be specified by the holders of Registrable Securities as, from time to time, may be Electing Holders and use all commercially reasonable efforts to cause such Shelf Registration
Statement to become effective within the time periods specified in Section 2(b); 

  
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 (ii) mail the Notice and Questionnaire to the holders of Registrable Securities
(A) not less than 30 days prior to the anticipated Effective Time of the Shelf Registration Statement or (B) in the case of an “automatic shelf registration statement” (as defined in Rule 405), mail the Notice and
Questionnaire to the holders of Registrable Securities not later than the Effective Time of such Shelf Registration Statement, and in any such case no holder shall be entitled to be named as a selling securityholder in the Shelf Registration
Statement, and no holder shall be entitled to use the prospectus forming a part thereof for resales of Registrable Securities at any time, unless and until such holder has returned a completed and signed Notice and Questionnaire to the Company; 

(iii) after the Effective Time of the Shelf Registration Statement, upon the request of any holder of Registrable Securities
that is not then an Electing Holder, promptly send a Notice and Questionnaire to such holder; provided that the Company shall not be required to take any action to name such holder as a selling securityholder in the Shelf Registration
Statement or to enable such holder to use the prospectus forming a part thereof for resales of Registrable Securities until such holder has returned a completed and signed Notice and Questionnaire to the Company; 

(iv) as soon as practicable prepare and file with the Commission such amendments and supplements to such Shelf Registration
Statement and the prospectus included therein as may be necessary to effect and maintain the effectiveness of such Shelf Registration Statement for the period specified in Section 2(b) and as may be required by the applicable rules and
regulations of the Commission and the instructions applicable to the form of such Shelf Registration Statement, and furnish, or cause to be furnished, to the Electing Holders copies of any such supplement or amendment simultaneously with or prior to
its being used or filed with the Commission to the extent such documents are not publicly available on the Commission’s EDGAR System; 

(v) comply with the provisions of the Securities Act with respect to the disposition of all of the Registrable Securities
covered by such Shelf Registration Statement in accordance with the intended methods of disposition by the Electing Holders provided for in such Shelf Registration Statement; 

(vi) provide (A) the Electing Holders, (B) the underwriters (which term, for purposes of this Exchange and
Registration Rights Agreement, shall include a person deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act), if any, thereof, (C) any sales or placement agent therefor, (D) counsel for any such
underwriter or agent and (E) and not more than one counsel for all the Electing Holders the opportunity to participate in the preparation of such Shelf Registration Statement, each prospectus included therein or filed with the Commission and
each amendment or supplement thereto; 

  
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 (vii) for a reasonable period prior to the filing of such Shelf Registration
Statement, and throughout the period specified in Section 2(b), make available at reasonable times at the Company’s principal place of business or such other reasonable place for inspection by the persons referred to in
Section 3(d)(vi) who shall certify to the Company that they have a current intention to sell the Registrable Securities pursuant to the Shelf Registration such financial and other information and books and records of the Company, and cause the
officers, employees, counsel and independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary, in the judgment of the respective counsel referred to in Section 3(d)(vi), to conduct a
reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering on behalf of the Electing Holders shall be conducted by one counsel designated by
the holders of at least a majority in aggregate principal amount of the Registrable Securities held by the Electing Holders at the time outstanding and provided further that each such party shall be required to maintain in confidence and not
to disclose to any other person any information or records reasonably designated by the Company as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in such Shelf
Registration Statement or otherwise), or (B) such person shall be required so to disclose such information pursuant to a subpoena or order of any court or other governmental agency or body having jurisdiction over the matter (subject to the
requirements of such order, and only after such person shall have given the Company prompt prior written notice of such requirement), or (C) such information is required to be set forth in such Shelf Registration Statement or the prospectus
included therein or in an amendment to such Shelf Registration Statement or an amendment or supplement to such prospectus in order that such Shelf Registration Statement, prospectus, amendment or supplement, as the case may be, complies with
applicable requirements of the federal securities laws and the rules and regulations of the Commission and does not contain an untrue statement of a material fact or omit to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading in light of the circumstances then existing; 
 (viii) promptly notify each of the
Electing Holders and confirm such advice in writing, (A) when such Shelf Registration Statement or the prospectus included therein or any prospectus amendment or supplement or post-effective amendment has
been filed, and, with respect to such Shelf Registration Statement or any post-effective amendment, when the same has become effective, (B) of any comments by the Commission and by the blue sky or
securities commissioner or regulator of any state with respect thereto or any request by the Commission for amendments or supplements to such Shelf Registration Statement or prospectus or for additional information, (C) of the

  
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issuance by the Commission of any stop order suspending the effectiveness of such Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (D) if at
any time the representations and warranties of the Company set forth in Section 5 cease to be true and correct in all material respects, (E) of the receipt by the Company of any notification with respect to the suspension of the
qualification of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (F) the occurrence of any event that causes the Company to become an “ineligible issuer” as
defined in Rule 405, or (G) if at any time when a prospectus is required to be delivered under the Securities Act, that such Shelf Registration Statement, prospectus, prospectus amendment or supplement or
post-effective amendment does not conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act or contains an untrue statement of a material fact or omits
to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing; 

(ix) use all commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of such Shelf
Registration Statement or any post-effective amendment thereto at the earliest practicable date; 

(x) if requested by any Electing Holder, promptly incorporate in a prospectus supplement or
post-effective amendment such information as is required by the applicable rules and regulations of the Commission and as such Electing Holder specifies should be included therein relating to the terms of the
sale of such Registrable Securities, including information with respect to the principal amount of Registrable Securities being sold by such Electing Holder, the name and description of such Electing Holder, the offering price of such Registrable
Securities and any discount, commission or other compensation payable in respect thereof and with respect to any other terms of the offering of the Registrable Securities to be sold by such Electing Holder; and make all required filings of such
prospectus supplement or post-effective amendment promptly after notification of the matters to be incorporated in such prospectus supplement or post-effective
amendment; 
 (xi) furnish, or cause to be furnished, to each Electing Holder and the counsel referred to in
Section 3(d)(vi) a copy of such Shelf Registration Statement, each such amendment and supplement thereto (in each case including all exhibits thereto (in the case of an Electing Holder of Registrable Securities, upon request in writing) and
documents incorporated by reference therein) and such number of copies of such Shelf Registration Statement (excluding exhibits thereto and documents incorporated by reference therein unless specifically so requested by such Electing Holder) and of
the prospectus included in such Shelf Registration Statement (including each preliminary prospectus and any summary prospectus), in conformity in all material respects with the applicable requirements of the Securities Act and the Trust Indenture
Act 

  
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to the extent such documents are not available through the Commission’s EDGAR System, and such other documents as such Electing Holder may reasonably request in writing in order to
facilitate the offering and disposition of the Registrable Securities owned by such Electing Holder and to permit such Electing Holder to satisfy the prospectus delivery requirements of the Securities Act; and subject to Section 3(e), the
Company hereby consents to the use of such prospectus (including such preliminary and summary prospectus) and any amendment or supplement thereto by each such Electing Holder, in each case in the form most recently provided to such person by the
Company, in connection with the offering and sale of the Registrable Securities covered by the prospectus (including such preliminary and summary prospectus) or any supplement or amendment thereto; 

(xii) use all commercially reasonable efforts to (A) register or qualify the Registrable Securities to be included in such
Shelf Registration Statement under such securities laws or blue sky laws of such jurisdictions as any Electing Holder shall reasonably request in writing, (B) keep such registrations or qualifications in effect and comply with such laws so as
to permit the continuance of offers, sales and dealings therein in such jurisdictions during the period the Shelf Registration Statement is required to remain effective under Section 2(b) and for so long as may be necessary to enable any such
Electing Holder to complete its distribution of Registrable Securities pursuant to such Shelf Registration Statement, (C) take any and all other actions as may be reasonably necessary or advisable to enable each such Electing Holder to
consummate the disposition in such jurisdictions of such Registrable Securities and (D) obtain the consent or approval of each governmental agency or authority, whether federal, state or local, which may be required to effect the Shelf
Registration or the offering or sale in connection therewith or to enable the selling holder or holders to offer, or to consummate the disposition of, their Registrable Securities; provided, however, that the Company shall not be required for
any such purpose to (1) qualify as a foreign corporation in any jurisdiction wherein it would not otherwise be required to qualify but for the requirements of this Section 3(d)(xii) or (2) consent to general service of process in any
such jurisdiction or become subject to taxation in any such jurisdiction; 
 (xiii) unless any Registrable Securities shall
be in book-entry only form, cooperate with the Electing Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates, if so required by any securities exchange upon
which any Registrable Securities are listed, shall be printed, penned, lithographed, engraved or otherwise produced by any combination of such methods, on steel engraved borders, and which certificates shall not bear any restrictive legends; 

(xiv) obtain a CUSIP number for each series of Registrable Securities, not later than the applicable Effective Time; 

  
 13 

 (xv) enter into underwriting agreements, engagement letters, agency agreements,
“best efforts” underwriting agreements or similar agreements, as appropriate, including customary provisions relating to indemnification and contribution, and take such other actions in connection therewith as any Electing Holders
aggregating at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding shall request in order to expedite or facilitate the disposition of such Registrable Securities; 

(xvi) whether or not an agreement of the type referred to in Section 3(d)(xv) hereof is entered into and whether or not
any portion of the offering contemplated by the Shelf Registration is an underwritten offering or is made through a placement or sales agent or any other entity, (A) make such representations and warranties to any Electing Holder, placement
agent or underwriter in form, substance and scope as are customarily made to such persons in connection with an offering of debt securities pursuant to any appropriate agreement or to a registration statement filed on the form applicable to the
Shelf Registration; (B) obtain an opinion or opinions of counsel to the Company, addressed to any Electing Holder, placement agent or underwriter that shall confirm, in customary form and covering such matters, of the type customarily covered
by such an opinion to such person, as such person may reasonably request, dated the effective date of such Shelf Registration Statement (or if such Shelf Registration Statement contemplates an underwritten offering of a part or all of the
Registrable Securities, dated the date of the closing under the underwriting agreement relating thereto) (it being agreed that the matters to be covered by such opinion shall include the due authorization, execution and delivery of the relevant
agreement of the type referred to in Section 3(d)(xv) hereof; the due authorization, execution, authentication and issuance, and the validity and enforceability, of the Securities; and the absence of governmental approvals required to be
obtained in connection with the Shelf Registration, the offering and sale of the Registrable Securities, this Exchange and Registration Rights Agreement or any agreement of the type referred to in Section 3(d)(xv) hereof, except such approvals
as may be required under state securities or blue sky laws; (C) obtain a letter from counsel to the Company, addressed to any Electing Holder, placement agent or underwriter, to the effect that such Shelf Registration Statement appears on its
face to comply as to form with the rules and regulations of the Commission relating to registration statements on such form, and, as of the date of the letter, the absence from such Shelf Registration Statement and the prospectus included therein,
as then amended or supplemented (in each case other than the financial statements and other financial information contained therein) of an untrue statement of a material fact or the omission to state therein a material fact necessary to make the
statements therein not misleading (in the case of any such prospectus, in the light of the circumstances existing at the time)); (D) obtain a “cold comfort” letter or letters from the independent certified public accountants of the
Company addressed to any Electing Holder, placement agent or underwriter, dated (i) the effective date of such Shelf Registration Statement and (ii) the effective date of any prospectus 

  
 14 

 
supplement to the prospectus included in such Shelf Registration Statement or post-effective amendment to such Shelf Registration Statement which includes
unaudited or audited financial statements as of a date or for a period subsequent to that of the latest such statements included in such prospectus (and, if such Shelf Registration Statement contemplates an underwritten offering pursuant to any
prospectus supplement to the prospectus included in such Shelf Registration Statement or post-effective amendment to such Shelf Registration Statement which includes unaudited or audited financial statements
as of a date or for a period subsequent to that of the latest such statements included in such prospectus, dated the date of the closing under the underwriting agreement relating thereto), such letter or letters to be in customary form and covering
such matters of the type customarily covered by letters of such type; (E) deliver such documents and certificates, including officers’ certificates, as may be reasonably requested in writing by any Electing Holder, placement agent or
underwriter that shall confirm that Section 11 of the Securities Act provides that, in the event an action were to be brought against any such person under Section 11 of the Securities Act with respect to sales of Registrable Securities,
such person would have available to it, among other things, a due diligence defense under Section 11 of the Securities Act, to evidence the accuracy of the representations and warranties made pursuant to clause (A) above or those contained
in Section 5(a) hereof and the compliance with or satisfaction of any agreements or conditions contained in the underwriting agreement or other agreement entered into by the Company; and (F) undertake such obligations relating to expense
reimbursement, indemnification and contribution as are provided in Section 6 hereof; 
 (xvii) notify in writing each
holder of Registrable Securities of any proposal by the Company to amend or waive any provision of this Agreement pursuant to Section 9(h) and of any amendment or waiver effected pursuant thereto, each of which notices shall contain the text of
the amendment or waiver proposed or effected, as the case may be; and 
 (xviii) comply with all applicable rules and
regulations of the Commission, and make generally available to their respective securityholders no later than eighteen months after the Effective Time of such Shelf Registration Statement an “earning statement” of the each of the Company
and its subsidiaries complying with Section 11(a) of the Securities Act (including, at the option of the Company, Rule 158 thereunder). 

(e) In the event that the Company would be required, pursuant to Section 3(d)(viii)(G), to notify the Electing Holders, the Company shall
promptly prepare and furnish, or cause to be furnished, to each of the Electing Holders a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of Registrable Securities, such prospectus
shall conform in all material respects to the applicable requirements of the Securities Act and the Trust Indenture Act and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements 

  
 15 

 
therein not misleading in light of the circumstances then existing. Each Electing Holder agrees that upon receipt of any notice from the Company pursuant to Section 3(d)(viii)(G), such
Electing Holder shall forthwith discontinue the disposition of Registrable Securities pursuant to the Shelf Registration Statement applicable to such Registrable Securities until such Electing Holder shall have received copies of such amended or
supplemented prospectus, and if so directed by the Company, such Electing Holder shall deliver to the Company (at the Company’s expense) all copies, other than permanent file copies, of the prospectus covering such Registrable Securities in
such Electing Holder’s possession at the time of receipt of such notice. 
 (f) In the event of a Shelf Registration, in addition to the
information required to be provided by each Electing Holder in its Notice and Questionnaire, the Company may require such Electing Holder to furnish to the Company such additional information regarding such Electing Holder and such Electing
Holder’s intended method of distribution of Registrable Securities as may be required in order to comply with the Securities Act. Each such Electing Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in
information previously furnished by such Electing Holder to the Company or of the occurrence of any event in either case as a result of which any prospectus relating to such Shelf Registration contains or would contain an untrue statement of a
material fact regarding such Electing Holder or such Electing Holder’s intended method of disposition of such Registrable Securities or omits to state any material fact regarding such Electing Holder or such Electing Holder’s intended
method of disposition of such Registrable Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and promptly to furnish to the Company any additional
information required to correct and update any previously furnished information or required so that such prospectus shall not contain, with respect to such Electing Holder or the disposition of such Registrable Securities, an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing. 

(g) Until the earlier to occur of the expiration of one year after the Closing Date or the time that the Securities are freely resaleable
pursuant to Rule 144, the Company will not, and will not permit any of its “affiliates” (as defined in Rule 144) to, resell any of the Securities that have been reacquired by any of them except pursuant to an effective registration
statement, or a valid exemption from the registration requirements, under the Securities Act. 
 (h) As a condition to its participation in
the Exchange Offer, each holder of Registrable Securities shall furnish, upon the request of the Company, a written representation to the Company (which may be contained in the letter of transmittal or “agent’s message” transmitted
via The Depository Trust Company’s Automated Tender Offer Procedures, in either case contemplated by the Exchange Registration Statement) to the effect that (A) it is not an “affiliate” of the Company, as defined in Rule 405
of the Securities Act, or if it is such an “affiliate”, it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (B) it is not engaged in and does not intend to engage
in, and has no arrangement or 

  
 16 

 
understanding with any person to participate in, a distribution of the Exchange Securities to be issued in the Exchange Offer, (C) it is acquiring the Exchange Securities in its ordinary
course of business, (D) if it is a broker-dealer that holds Securities that were acquired for its own account as a result of market-making activities or other trading activities (other than Securities acquired directly from the Company or any
of its affiliates), it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by it in the Exchange Offer, (E) if it is a broker-dealer, that it did not
purchase the Securities to be exchanged in the Exchange Offer from the Company or any of its affiliates, and (F) it is not acting on behalf of any person who could not truthfully and completely make the representations contained in the
foregoing subclauses (A) through (E). 
 (i) The Company may suspend the availability of the Shelf Registration Statement (a
“Suspension Event”) by notifying the Electing Holders, the placement or sales agent, if any, and the managing underwriters, if any, that it is suspending the use of any Shelf Registration Statement and that such persons may not use
such Shelf Registration Statement or any prospectus included therein for offers and sales of Securities; provided that, if such notice of a Suspension Event has been given to such persons, the Company shall, as promptly as practicable following a
determination that the Suspension Event no longer exists and that such persons may recommence such offers and sales, notify such persons of such determination. Each Electing Holder, placement or sales agent, if any, and managing underwriter, if any,
agrees that upon receipt of any notice from the Company pursuant to this Section 3(i), such person shall forthwith discontinue the disposition of Securities until such person shall have been notified by the Company that offers and sales of the
Registrable Securities may recommence. If, upon termination of a Suspension Period, in the Company’s judgment it is necessary to amend or supplement the Shelf Registration Statement, the Company will prepare and furnish to each Electing Holder,
placement agent or underwriter, as requested, a reasonable number of copies of a prospectus supplemented or amended so that, as thereafter delivered to purchasers of such Securities during the Resale Period, such prospectus shall conform in all
material respects to the applicable requirements of the Securities Act and the Trust Indenture Act. 
 4. Registration Expenses. 

The Company agrees to bear and to pay or cause to be paid promptly all expenses incident to the Company’s performance of or compliance
with this Agreement, including (a) all Commission and any FINRA registration, filing and review fees and expenses including reasonable and documented fees and disbursements of counsel for the Eligible Holders in connection with such
registration, filing and review (subject to a maximum not to exceed $100,000), (b) all fees and expenses in connection with the qualification of the Registrable Securities, the Securities and the Exchange Securities, as applicable, for offering
and sale under the State securities and blue sky laws referred to in Section 3(d)(xii) and determination of their eligibility for investment under the laws of such jurisdictions as the Electing Holders may designate, including any reasonable
and documented fees and disbursements of counsel for the Electing Holders in 

  
 17 

 
connection with such qualification and determination (subject to a maximum not to exceed $25,000), (c) all expenses relating to the preparation, printing, production, distribution and
reproduction of each registration statement required to be filed hereunder, each prospectus included therein or prepared for distribution pursuant hereto, each amendment or supplement to the foregoing, the expenses of preparing the Securities or
Exchange Securities, as applicable, for delivery and the expenses of printing or producing any selling agreements and blue sky or legal investment memoranda and all other documents in connection with the offering, sale or delivery of Securities or
Exchange Securities, as applicable, to be disposed of (including certificates representing the Securities or Exchange Securities, as applicable), (d) messenger, telephone and delivery expenses relating to the offering, sale or delivery of
Securities or Exchange Securities, as applicable, and the preparation of documents referred in clause (c) above, (e) reasonable and documented fees and expenses of the Trustee under the Indenture, any agent of the Trustee and any counsel
for the Trustee and of any collateral agent or custodian, (f) internal expenses (including all salaries and expenses of the Company’s officers and employees performing legal or accounting duties), (g) reasonable fees, disbursements
and expenses of counsel and independent certified public accountants of the Company, (h) reasonable and documented fees, disbursements and expenses of one counsel for the Electing Holders retained in connection with a Shelf Registration, as
selected by the Electing Holders of at least a majority in aggregate principal amount of the Registrable Securities held by Electing Holders (which counsel shall be reasonably satisfactory to the Company) (subject to a maximum not to exceed
$50,000), (i) any fees charged by securities rating services for rating the Registrable Securities, the Securities or the Exchange Securities, as applicable, and (j) fees, expenses and disbursements of any other persons, including special
experts, retained by the Company in connection with such registration (collectively, the “Registration Expenses”). To the extent that any Registration Expenses are incurred, assumed or paid by any holder of Registrable Securities,
Securities or Exchange Securities, as applicable, the Company shall reimburse such person for the full amount of the Registration Expenses so incurred, assumed or paid promptly after receipt of a request therefor. Notwithstanding the foregoing, the
holders of the Registrable Securities being registered shall pay all agency fees and commissions and underwriting discounts and commissions, if any, and transfer taxes, if any, attributable to the sale of such Registrable Securities, Securities and
Exchange Securities, as applicable, and the fees and disbursements of any counsel or other advisors or experts retained by such holders (severally or jointly), other than the counsel and experts specifically referred to above. 

5. Representations and Warranties. 

The Company represents and warrants to, and agrees with, each Purchaser and each of the holders from time to time of Registrable Securities
that: 
 (a) Each registration statement covering Registrable Securities, Securities or Exchange Securities, as applicable, and each
prospectus (including any preliminary or summary prospectus) contained therein or furnished pursuant to Section 3(c) or Section 3(d) and any further amendments or supplements to any such registration

  
 18 

 
statement or prospectus, when it becomes effective or is filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act and the
Trust Indenture Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and at all times subsequent to the Effective
Time when a prospectus would be required to be delivered under the Securities Act, other than from (i) such time as a notice has been given to holders of Registrable Securities pursuant to Section 3(c)(iii)(G) or Section 3(d)(viii)(G)
until (ii) such time as the Company furnishes an amended or supplemented prospectus pursuant to Section 3(c)(iv) or Section 3(e) each such registration statement, and each prospectus (including any summary prospectus) contained
therein or furnished pursuant to Section 3(c) or Section 3(d), as then amended or supplemented, will conform in all material respects to the requirements of the Securities Act and the Trust Indenture Act and will not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; provided, however, that this
representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by a holder of Registrable Securities expressly for use therein. 

(b) Any documents incorporated by reference in any prospectus referred to in Section 5(a), when they become or became effective or are or
were filed with the Commission, as the case may be, will conform or conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and none of such documents will contain or contained an untrue
statement of a material fact or will omit or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not apply
to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by a holder of Registrable Securities expressly for use therein. 

(c) The compliance by the Company with all of the provisions of this Agreement and the consummation of the transactions herein contemplated
will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company or
any of its subsidiaries is a party or by which the Company or any such subsidiary is bound or to which any of the property or assets of the Company or any such subsidiary is subject, (ii) result in any violation of the provisions of the
certificate of incorporation, as amended, or the by-laws or other governing documents, as applicable, of the Company or (iii) result in any violation of any statute or any order, rule or regulation of any
court or governmental agency or body having jurisdiction over the Company or any of its subsidiaries or any of their respective properties, except, with respect to clauses (i) and (iii), conflicts or violations that would not, individually or
in the aggregate, reasonably be expected to have a material adverse effect on the general affairs, management, consolidated financial condition, consolidated shareholders’ equity or consolidated results of operations of the Company and its
subsidiaries, taken as a whole; and no consent, 

  
 19 

 
approval, authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the consummation by the Company of the transactions
contemplated by this Agreement, except (x) the registration under the Securities Act of the Registrable Securities, the Securities and the Exchange Securities, as applicable, and qualification of the Indenture under the Trust Indenture Act,
(y) such consents, approvals, authorizations, registrations or qualifications as may be required under state securities or blue sky laws in connection with the offering and distribution of the Registrable Securities, the Securities and the
Exchange Securities, as applicable, and (z) such consents, approvals, authorizations, registrations or qualifications that have been obtained and are in full force and effect as of the date hereof. 

(d) This Agreement has been duly authorized, executed and delivered by the Company. 

6. Indemnification and Contribution. 

(a) Indemnification by the Company. The Company will indemnify and hold harmless each of the holders of Registrable Securities included
in an Exchange Registration Statement and, each of the Electing Holders as holders of Registrable Securities included in a Shelf Registration Statement against any losses, claims, damages or liabilities, joint or several, to which such holder or
such Electing Holder may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a
material fact contained in any Exchange Registration Statement or, any Shelf Registration Statement, as the case may be, under which such Registrable Securities, Securities or Exchange Securities were registered under the Securities Act, or any
preliminary, final or summary prospectus (including, without limitation, any “issuer free writing prospectus” as defined in Rule 433) contained therein or furnished by the Company to any such holder or, any such Electing Holder, or
any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse
each such holder and each such Electing Holder for any and all legal or other expenses reasonably incurred by them in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that
the Company shall not be liable to any such person in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in
such registration statement, or preliminary, final or summary prospectus (including, without limitation, any “issuer free writing prospectus” as defined in Rule 433), or amendment or supplement thereto, in reliance upon and in
conformity with written information furnished to the Company by such person expressly for use therein. 
 (b) Indemnification by the
Electing Holders. The Company may require, as a condition to including any Registrable Securities in any Shelf Registration Statement filed pursuant to Section 2(b), that the Company shall have received an undertaking reasonably
satisfactory to it from each Electing Holder of Registrable Securities 

  
 20 

 
included in such Shelf Registration Statement, severally and not jointly, to (i) indemnify and hold harmless the Company and all other Electing Holders of Registrable Securities included in
such Shelf Registration Statement, against any losses, claims, damages or liabilities to which the Company or such other Electing Holders may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in such registration statement, or any preliminary, final or summary prospectus (including,
without limitation, any “issuer free writing prospectus” as defined in Rule 433) contained therein or furnished by the Company to any Electing Holder, or any amendment or supplement thereto, or arise out of or are based upon the
omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the Company by such Electing Holder expressly for use therein, and (ii) reimburse the Company for any legal or other
expenses reasonably incurred by the Company in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that no such Electing Holder shall be required to undertake liability to any
person under this Section 6(b) for any amounts in excess of the dollar amount of the proceeds to be received by such Electing Holder from the sale of such Electing Holder’s Registrable Securities pursuant to such registration. 

(c) Notices of Claims, Etc. Promptly after receipt by an indemnified party under subsection 6(a) or 6(b) above of written notice of
the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party pursuant to the indemnification provisions of or contemplated by this Section 6, notify such indemnifying
party in writing of the commencement of such action; but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under the indemnification provisions of or
contemplated by Section 6(a) or Section 6(b). In case any such action shall be brought against any indemnified party and it shall notify an indemnifying party of the commencement thereof, such indemnifying party shall be entitled to
participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the
consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such
indemnified party for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party
shall, without the prior written consent of the indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party
from all liability arising out of such action or claim and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of any indemnified party. 

  
 21 

 (d) Contribution. If for any reason the indemnification provisions contemplated by
Section 6(a) or Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying
party shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the
indemnifying party and the indemnified party in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The
relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact
relates to information supplied by such indemnifying party or by such indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto
agree that it would not be just and equitable if contributions pursuant to this Section 6(d) were determined by pro rata allocation (even if the holders were treated as one entity for such purpose) or by any other method of allocation which
does not take account of the equitable considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages, or liabilities (or actions in respect thereof) referred to
above shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no
Electing Holder shall be required to contribute any amount in excess of the amount by which the dollar amount of the proceeds received by such holder from the sale of any Registrable Securities (after deducting any fees, discounts and commissions
applicable thereto) exceeds the amount of any damages which such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The holders’ obligations in this Section 6(d) to contribute shall be
several in proportion to the principal amount of Registrable Securities registered by them and not joint. 
 (e) The obligations of the
Company under this Section 6 shall be in addition to any liability which the Company may otherwise have and shall extend, upon the same terms and conditions, to each officer, director and partner of each holder, each Electing Holder, and each
person, if any, who controls any of the foregoing within the meaning of the Securities Act; and the obligations of the holders and the Electing Holders contemplated by this Section 6 shall be in addition to any liability which the respective
holder or Electing Holder may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of the Company (including any person who, 

  
 22 

 
with his consent, is named in any registration statement as about to become a director of the Company) and to each person, if any, who controls the Company within the meaning of the Securities
Act, as well as to each officer and director of the other holders and to each person, if any, who controls such other holders within the meaning of the Securities Act. 

7. Underwritten Offerings. 

Each holder of Registrable Securities hereby agrees with the Company and each other such holder that no holder of Registrable Securities may
participate in any underwritten offering hereunder unless (a) the Company gives its prior written consent to such underwritten offering, (b) the managing underwriter or underwriters thereof shall be designated by Electing Holders holding
at least a majority in aggregate principal amount of the Registrable Securities to be included in such offering, provided that such designated managing underwriter or underwriters is or are reasonably acceptable to the Company, (c) each holder
of Registrable Securities participating in such underwritten offering agrees to sell such holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled selecting the managing underwriter
or underwriters hereunder and (d) each holder of Registrable Securities participating in such underwritten offering completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents
reasonably required under the terms of such underwriting arrangements. The Company hereby agrees with each holder of Registrable Securities that, to the extent the Company consents to an underwritten offering hereunder, the Company will negotiate in
good faith and execute all indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements, including using all commercially reasonable efforts to procure customary legal opinions and
auditor “comfort” letters. 
 8. Rule 144. 

(a) Facilitation of Sales Pursuant to Rule 144. The Company covenants to the holders of Registrable Securities that to the extent they
shall be required to do so under the Exchange Act, the Company shall timely file the reports required to be filed by it under the Exchange Act or the Securities Act (including the reports under Sections 13 and 15(d) of the Exchange Act referred
to in subparagraph (c)(1) of Rule 144), and shall take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holder to sell Registrable Securities without
registration under the Securities Act within the limitations of the exemption provided by Rule 144. Upon the request of any holder of Registrable Securities in connection with that holder’s sale pursuant to Rule 144, the Company shall
deliver to such holder written statements as to whether they have complied with such requirements. 
 (b) Availability of Rule 144 Not
Excuse for Obligations Under Section 2. The fact that holders of Registrable Securities may become eligible to sell such Registrable Securities pursuant to Rule 144 shall not (1) cause such Securities to cease to be Registrable
Securities or (2) excuse the Company’s obligations set forth in Section 2 of this Agreement, including without limitation the obligations in respect of an Exchange Offer, Shelf Registration and Special Interest. 

  
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 9. Miscellaneous. 

(a) No Inconsistent Agreements. The Company represents, warrants, covenants and agrees that it has not granted, and shall not grant,
registration rights with respect to Registrable Securities, Exchange Securities or Securities, as applicable, or any other securities which would be inconsistent with the terms contained in this Agreement. 

(b) Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at law if the Company fails to perform
any of its obligations hereunder and that the Purchasers and the holders from time to time of the Registrable Securities may be irreparably harmed by any such failure, and accordingly agree that the Purchasers and such holders, in addition to any
other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Company under this Agreement in accordance with the terms and conditions of this Agreement, in any court of
the United States or any State thereof having jurisdiction. Time shall be of the essence in this Agreement. 
 (c) Notices. All
notices, requests, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered by hand, if delivered personally, by facsimile or by courier, or three days after being
deposited in the mail (registered or certified mail, postage prepaid, return receipt requested) as follows: If to the Company, to it at The ADT Corporation, 1501 Yamato Road, Boca Raton, FL 33431, and if to a holder, to the address of such holder
set forth in the security register or other records of the Company, or to such other address as the Company or any such holder may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be
effective only upon receipt. 
 (d) Parties in Interest. All the terms and provisions of this Agreement shall be binding upon, shall
inure to the benefit of and shall be enforceable by the parties hereto, the holders from time to time of the Registrable Securities and the respective successors and assigns of the foregoing. In the event that any transferee of any holder of
Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase, operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be deemed a beneficiary hereof
for all purposes and such Registrable Securities shall be held subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities such transferee shall be entitled to receive the benefits of, and be conclusively
deemed to have agreed to be bound by all of the applicable terms and provisions of this Agreement. If the Company shall so request, any such successor, assign or transferee shall agree in writing to acquire and hold the Registrable Securities
subject to all of the applicable terms hereof. 

  
 24 

 (e) Survival. The respective indemnities, agreements, representations, warranties and each
other provision set forth in this Agreement or made pursuant hereto shall remain in full force and effect regardless of any investigation (or statement as to the results thereof) made by or on behalf of any holder of Registrable Securities, any
director, officer or partner of such holder, or any controlling person of any of the foregoing, and shall survive delivery of and payment for the Registrable Securities pursuant to the Purchase Agreement, the transfer and registration of Registrable
Securities by such holder and the consummation of an Exchange Offer. 
 (f) Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of New York. 
 (g) Headings. The descriptive headings of the several
Sections and paragraphs of this Agreement are inserted for convenience only, do not constitute a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. 

(h) Entire Agreement; Amendments. This Agreement and the other writings referred to herein (including the Indenture and the form of
Securities) or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. This Agreement supersedes all prior agreements and understandings between the parties with respect
to its subject matter. This Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a written instrument duly executed
by the Company and the holders of at least a majority in aggregate principal amount of the Registrable Securities at the time outstanding. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any
amendment or waiver effected pursuant to this Section 9(h), whether or not any notice, writing or marking indicating such amendment or waiver appears on such Registrable Securities or is delivered to such holder. 

(i) Inspection. For so long as this Agreement shall be in effect, this Agreement and a complete list of the names and addresses of all
the record holders of Registrable Securities shall be made available for inspection and copying on any Business Day by any holder of Registrable Securities for proper purposes only (which shall include any purpose related to the rights of the
holders of Registrable Securities under the Securities, the Indenture and this Agreement) at the offices of the Company at the address thereof set forth in Section 9(c) and at the office of the Trustee under the Indenture. 

(j) Counterparts. This Agreement may be executed by the parties in counterparts, each of which shall be deemed to be an original, but
all such respective counterparts shall together constitute one and the same instrument. 

  
 25 

 (k) Severability. If any provision of this Agreement, or the application thereof in any
circumstance, is held to be invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of such provision in every other respect and of the remaining provisions contained in this Agreement shall not be
affected or impaired thereby. 
 (l) If the foregoing is in accordance with your understanding, please sign and return to us four
counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Purchasers, this letter and such acceptance hereof shall constitute a binding agreement between each of the Purchasers and the Company. It is understood that your
acceptance of this letter on behalf of each of the Purchasers is pursuant to the authority set forth in a form of Agreement among Purchasers, the form of which shall be submitted to the Company for examination upon request, but without warranty on
your part as to the authority of the signers thereof. 

  
 26 

 
					
	Very truly yours,
	
	The ADT Corporation
		
	By	 	/s/ Ravi Tulsyan
		 	Name:	 	Ravi Tulsyan
		 	Title:	 	Senior Vice President and Treasurer

 [Signature Page to Registration Rights Agreement] 

 Accepted as of the date hereof: 
  

			
	Goldman, Sachs & Co.
		
	By:	 	/s/ ADAM T. GREENE
		 	Name: Adam T. Greene
		 	Title: Vice President
	
	Citigroup Global Markets Inc.
		
	By:	 	/s/ MICHAEL ZICARI
		 	Name: Michael Zicari
		 	Title: Managing Director
	
	Deutsche Bank Securities Inc.
		
	By:	 	/s/ EDWIN E. ROLAND
		 	Name: Edwin E. Roland
		 	Title: Managing Director
		
	By:	 	/s/ PHILIP SALIBA
		 	Name: Philip Saliba
		 	Title: Director
	
	J.P. Morgan Securities LLC
		
	By:	 	/s/ BRADFORD GARVEY
		 	Name: Bradford Garvey
		 	Title: Vice President

 Exhibit A 

THE ADT CORPORATION 

INSTRUCTION TO DTC PARTICIPANTS 

(Date of Mailing) 

URGENT - IMMEDIATE ATTENTION REQUESTED 

DEADLINE FOR RESPONSE: [DATE]* 

The Depository Trust Company (“DTC”) has identified you as a DTC Participant through which beneficial interests in The ADT Corporation (the
“Company”) 6.250% Notes due 2021 (the “Securities”) are held. 
 The Company is in the process of registering the
Securities under the Securities Act of 1933 for resale by the beneficial owners thereof. In order to have their Securities included in the registration statement, beneficial owners must complete and return the enclosed Notice of Registration
Statement and Selling Securityholder Questionnaire. 
 It is important that beneficial owners of the Securities receive a copy of the enclosed materials
as soon as possible as their rights to have the Securities included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline For Response]. Please forward a copy of the enclosed documents to each
beneficial owner that holds interests in the Securities through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact The ADT Corporation, [Address and Telephone Number of
Issuer]. 
  
 *Not less than 28 calendar
days from date of mailing. 

  
 A-1 

 THE ADT CORPORATION 

NOTICE OF REGISTRATION STATEMENT 

AND 
 SELLING SECURITYHOLDER
QUESTIONNAIRE 
 (DATE) 
 Reference is
hereby made to the Exchange and Registration Rights Agreement (the “Exchange and Registration Rights Agreement”) between The ADT Corporation (the “Company”) and the Purchasers named therein. Pursuant to the Exchange
and Registration Rights Agreement, the Company has filed or will file with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3 (the “Shelf Registration
Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the Company’s 6.250% Notes due 2021 (the “Securities”). A copy of
the Exchange and Registration Rights Agreement has been filed as an exhibit to the Shelf Registration Statement and can be obtained from the Commission’s website at www.sec.gov. All capitalized terms not otherwise defined herein shall
have the meanings ascribed thereto in the Exchange and Registration Rights Agreement. 
 Each beneficial owner of Registrable Securities (as defined below)
is entitled to have the Registrable Securities beneficially owned by it included in the Shelf Registration Statement. In order to have Registrable Securities included in the Shelf Registration Statement, this Notice of Registration Statement and
Selling Securityholder Questionnaire (“Notice and Questionnaire”) must be completed, executed and delivered to the Company’s counsel at the address set forth herein for receipt ON OR BEFORE [Deadline for Response].
Beneficial owners of Registrable Securities who do not properly complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not
use the Prospectus forming a part thereof for resales of Registrable Securities. 
 Certain legal consequences arise from being named as a selling
securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not
being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. 
 The term “Registrable Securities” is
defined in the Exchange and Registration Rights Agreement. 

  
 A-2 

 ELECTION 

The undersigned holder (the “Selling Securityholder”) of Registrable Securities hereby elects to include in the Shelf Registration Statement
the Registrable Securities beneficially owned by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by the terms and
conditions of this Notice and Questionnaire and the Exchange and Registration Rights Agreement, including, without limitation, Section 6 of the Exchange and Registration Rights Agreement, as if the undersigned Selling Securityholder were an
original party thereto. 
 Pursuant to the Exchange and Registration Rights Agreement, the undersigned has agreed to indemnify and hold harmless the
Company, its officers who sign any Shelf Registration Statement, and each person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act of 1934, as amended (the
“Exchange Act”), against certain loses arising out of an untrue statement, or the alleged untrue statement, of a material fact in the Shelf Registration Statement or the related prospectus or the omission, or alleged omission, to
state a material fact required to be stated in such Shelf Registration Statement or the related prospectus, but only to the extent such untrue statement or omission, or alleged untrue statement or omission, was made in reliance on and in conformity
with the information provided in this Notice and Questionnaire. 
 Upon any sale of Registrable Securities pursuant to the Shelf Registration Statement, the
Selling Securityholder will be required to deliver to the Company and Trustee the Notice of Transfer set forth in Appendix A to the Prospectus and as Exhibit B to the Exchange and Registration Rights Agreement. 

The Selling Securityholder hereby provides the following information to the Company and represents and warrants that such information is accurate and
complete: 

  
 A-3 

 QUESTIONNAIRE 
  

	(1)     (a)	Full legal name of Selling Securityholder: 

  

                       
                                         
                                         
                                         
                                         
                                         
           

	 	(b)	Full legal name of registered Holder (if not the same as in (a) above) of Registrable Securities listed in Item (3) below: 

 

                       
                                         
                                         
                                         
                                         
                                         
           

	 	(c)	Full legal name of DTC Participant (if applicable and if not the same as (b) above) through which Registrable Securities listed in Item (3) below are held: 

 

                       
                                         
                                         
                                         
                                         
                                         
           

	(2)	Address for notices to Selling Securityholder: 

			
	
	 
	
	 
	
	 
		
	Telephone:	  	 
		
	Fax:	  	 
		
	Contact Person:	  	 

			
		
	E-mail for Contact Person:	  	 

  

	(3)	Beneficial Ownership of Securities: 

 Except as set forth below in this Item (3), the
undersigned does not beneficially own any Securities. 
  

			
	 (a)    Principal amount of Registrable Securities beneficially owned: 
	 	 

  

			
	 CUSIP No(s). of such Registrable Securities: 
	 	 

  

			
	
(b)    Principal amount of Securities other than Registrable Securities beneficially 
owned: 
	 	 
	
	
                            
                                         
                                         
                                         
                                         
                                         
     

  

			
	 CUSIP No(s). of such other Securities:
	 	 

  

	 	(c)	Principal amount of Registrable Securities that the undersigned wishes to be included in the Shelf Registration 

Statement:                     
                                         
                                         
                                         
                                         
                                 

 

			
	 CUSIP No(s). of such Registrable Securities to be included in the Shelf Registration Statement: 
	 	 

  

	(4)	Beneficial Ownership of Other Securities of the Company: 

 Except as set forth below in this
Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any other securities of the Company, other than the Securities listed above in Item (3). 

State any exceptions here: 

  
 A-4 

  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	(5)	Individuals who exercise dispositive powers with respect to the Securities: 

 If the Selling
Securityholder is not an entity that is required to file reports with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (a “Reporting Company”), then the Selling Securityholder must disclose the name of the natural
person(s) who exercise sole or shared dispositive powers with respect to the Securities. Selling Securityholders should disclose the beneficial holders, not nominee holders or other such others of record. In addition, the Commission has provided
guidance that Rule 13d-3 of the Securities Exchange Act of 1934 should be used by analogy when determining the person or persons sharing voting and/or dispositive powers with respect to the Securities. 

 

	 	(a)	Is the holder a Reporting Company? 

 Yes
             No              

If “No”, please answer Item (5)(b). 
  

	 	(b)	List below the individual or individuals who exercise dispositive powers with respect to the Securities: 

  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
 Please note that the names of the persons listed in (b) above will
be included in the Shelf Registration Statement and related Prospectus. 
  

	(6)	Relationships with the Company: 

 Except as set forth below, neither the Selling
Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past
three years. 
 State any exceptions here: 
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	(7)	Plan of Distribution: 

 Except as set forth below, the undersigned Selling Securityholder
intends to distribute the Registrable Securities listed above in Item (3) only as follows (if at all): Such Registrable Securities may be sold from time to time directly by the 

  
 A-5 

 
undersigned Selling Securityholder. Such Registrable Securities may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices
determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve crosses or block transactions) (i) on any national securities exchange or quotation service on which the Registered
Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges or services or in the over-the-counter market, or (iv) through the writing of options.
In connection with sales of the Registrable Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the Registrable Securities in the course of hedging
the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable Securities to close out such short positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell
such securities. 
 State any exceptions here: 
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
 Note: In no event may such method(s) of distribution take the form of
an underwritten offering of Registrable Securities without the prior written agreement of the Company. 
  

	(8)	Broker-Dealers: 

 The Commission requires that all Selling Securityholders that are
registered broker-dealers or affiliates of registered broker-dealers be so identified in the Shelf Registration Statement. In addition, the Commission requires that all Selling Securityholders that are registered broker-dealers be named as
underwriters in the Shelf Registration Statement and related Prospectus, even if they did not receive the Registrable Securities as compensation for underwriting activities. 

 

	 	(a)	State whether the undersigned Selling Securityholder is a registered broker-dealer: 

 Yes
             No              
  

	 	(b)	If the answer to (a) is “Yes”, you must answer (i) and (ii) below, and (iii) below if applicable. Your answers to (i) and (ii) below, and (iii) below if applicable,
will be included in the Shelf Registration Statement and related Prospectus. 

  

	 	(i)	Were the Securities acquired as compensation for underwriting activities? 

 Yes
             No              

  
 A-6 

 If you answered “Yes”, please provide a brief description of the transaction(s) in
which the Securities were acquired as compensation: 
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	 	(ii)	Were the Securities acquired for investment purposes? 

 Yes
             No              
  

	 	(iii)	If you answered “No” to both (i) and (ii), please explain the Selling Securityholder’s reason for acquiring the Securities: 

 

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	 	(c)	State whether the undersigned Selling Securityholder is an affiliate of a registered broker-dealer and, if so, list the name(s) of the broker-dealer affiliate(s): 

Yes              No
             
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	 	(d)	If you answered “Yes” to question (c) above: 

  

	 	(i)	Did the undersigned Selling Securityholder purchase Registrable Securities in the ordinary course of business? 

Yes              No
             
 If the answer is “No” to question (d)(i),
provide a brief explanation of the circumstances in which the Selling Securityholder acquired the Registrable Securities: 
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	 	(ii)	At the time of the purchase of the Registrable Securities, did the undersigned Selling Securityholder have any agreements, understandings or arrangements, directly or indirectly, with any person to dispose of or
distribute the Registrable Securities? 

  
 A-7 

 Yes              No
             
 If the answer is “Yes” to question (d)(ii),
provide a brief explanation of such agreements, understandings or arrangements: 
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
 If the answer is “No” to Item (8)(d)(i) or
“Yes” to Item (8)(d)(ii), you will be named as an underwriter in the Shelf Registration Statement and the related Prospectus. 
  

	(9)	Hedging and short sales: 

  

	 	(a)	State whether the undersigned Selling Securityholder has or will enter into “hedging transactions” with respect to the Registrable Securities: 

Yes              No
             
 If “Yes”, provide below a complete
description of the hedging transactions into which the undersigned Selling Securityholder has entered or will enter and the purpose of such hedging transactions, including the extent to which such hedging transactions remain in place: 

 

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

                       
                                         
                                         
                                         
                                         
                                         
           
  

	 	(b)	Set forth below is Interpretation A.65 of the Commission’s July 1997 Manual of Publicly Available Interpretations regarding short selling: 

“An issuer filed a Form S-3 registration statement for a secondary offering of common stock which is not yet effective. One of the
selling shareholders wanted to do a short sale of common stock “against the box” and cover the short sale with registered shares after the effective date. The issuer was advised that the short sale could not be made before the registration
statement becomes effective, because the shares underlying the short sale are deemed to be sold at the time such sale is made. There would, therefore, be a violation of Section 5 if the shares were effectively sold prior to the effective
date.” 
 By returning this Notice and Questionnaire, the undersigned Selling Securityholder will be deemed to be aware of the
foregoing interpretation. 
 *    *    *    *    * 

By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the provisions of
the Exchange Act, particularly Regulation M (or any successor rule or regulation). 

  
 A-8 

 The Selling Securityholder hereby acknowledges its obligations under the Exchange and Registration Rights
Agreement to indemnify and hold harmless the Company and certain other persons as set forth in the Exchange and Registration Rights Agreement. 
 In the
event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is provided to the Company, the Selling Securityholder agrees to notify the
transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Exchange and Registration Rights Agreement. 

By signing below, the Selling Securityholder consents to the disclosure of the information contained herein in its answers to Items (1) through
(9) above and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by the Company in connection with the preparation of
the Shelf Registration Statement and related Prospectus. 
 In accordance with the Selling Securityholder’s obligation under Section 3(d) of the
Exchange and Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration Statement, the Selling Securityholder agrees to promptly notify the Company of any inaccuracies or changes in
the information provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in effect and to provide such additional information that the Company may reasonably request regarding such
Selling Securityholder and the intended method of distribution of Registrable Securities in order to comply with the Securities Act. Except as otherwise provided in the Exchange and Registration Rights Agreement, all notices hereunder and pursuant
to the Exchange and Registration Rights Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 
  

			
	 (i)     To the Company:
	  	  

		
		  	  

		
		  	  

		
		  	  

		
		  	  

		
	 (ii)    With a copy to:
	  	  

		
		  	  

		
		  	  

		
		  	  

		
		  	  

 Once this Notice and Questionnaire is executed by the Selling Securityholder and received by the Company’s counsel, the
terms of this Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be enforceable by the respective successors, heirs, personal

  
 A-9 

 
representatives, and assigns of the Company and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item
(3) above. This Notice and Questionnaire shall be governed in all respects by the laws of the State of New York. 

  
 A-10 

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to be
executed and delivered either in person or by its duly authorized agent. 
 Dated:
                     
  

			
	Selling Securityholder
	(Print/type full legal name of beneficial owner of Registrable Securities)
		
	By:	 	  

	Name:	 	
	Title:	 	

 PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR
RESPONSE] TO THE COMPANY’S COUNSEL AT: 
  

			
	  
	 	
		
	  
	 	
		
	  
	 	
		
	  
	 	
		
	  
	 	

  
 A-11 

 Exhibit B 

NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT 

Wells Fargo Bank, National Association 
 The ADT
Corporation 
 c/o Wells Fargo Bank, National Association 

[Address of Trustee] 
 Attention: Trust Officer 

 

	 	Re:	The ADT Corporation (the “Company”) 

 6.250% Notes due 2021 

Dear Sirs: 
 Please be advised that
                     has transferred
$                     aggregate principal amount of the above-referenced Securities pursuant to an effective Registration Statement on Form
[            ] (File No. 333            ) filed by the Company. 

We hereby certify that the prospectus delivery requirements, if any, of the Securities Act of 1933, as amended, have been satisfied and that the
above-named beneficial owner of the Securities is named as a “Selling Holder” in the Prospectus dated [date] or in supplements thereto, and that the aggregate principal amount of the Securities transferred are the Securities listed
in such Prospectus opposite such owner’s name. 
 Dated: 

 

			
	Very truly yours,
		 	  

		 	(Name)
		
	By:	 	  

		 	(Authorized Signature)

  
 B-1EX-10.1

 Exhibit 10.1 
  

 
  

ASSET PURCHASE AGREEMENT 
 By and
Among 
 ASTRONICS AS CORPORATION, 

AEROSAT CORPORATION, 
 AEROSAT
AIRBORNE INTERNET LLC 
 AEROSAT AVIONICS LLC 

and 
 AEROSAT TECH LICENSING LLC

 Dated as of October 1, 2013 
  

 
  

 TABLE OF CONTENTS 
  

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	  
	 Section 1.1 Defined Terms
	  	 	1	  
	 Section 1.2 Additional Defined Terms
	  	 	13	  
	 Section 1.3 Construction
	  	 	14	  
	 Section 1.4 Schedules and Exhibits
	  	 	14	  
	 Section 1.5 Knowledge
	  	 	14	  
	 ARTICLE II SALE AND PURCHASE OF ASSETS
	  	 	14	  
	 Section 2.1 Transfer of Purchased Assets
	  	 	14	  
	 Section 2.2 Assumption of Assumed Liabilities; Retained Liabilities
	  	 	14	  
	 Section 2.3 Purchase Price
	  	 	15	  
	 Section 2.4 Closing
	  	 	16	  
	 Section 2.5 Closing Matters
	  	 	16	  
	 Section 2.6 Post-Closing Adjustment
	  	 	18	  
	 Section 2.7 Earn-Out
	  	 	19	  
	 Section 2.8 Transfer Fees
	  	 	22	  
	 Section 2.9 Allocation of Purchase Price Among Sellers
	  	 	22	  
	 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE SELLERS
	  	 	22	  
	 Section 3.1 Existence and Good Standing
	  	 	22	  
	 Section 3.2 Authority and Enforceability
	  	 	23	  
	 Section 3.3 Consents and Approvals; No Violations
	  	 	23	  
	 Section 3.4 Title
	  	 	23	  
	 Section 3.5 Financial Statements
	  	 	24	  
	 Section 3.6 Personal Property
	  	 	24	  
	 Section 3.7 All Necessary Assets of the Business
	  	 	24	  
	 Section 3.8 Leased Real Property
	  	 	24	  
	 Section 3.9 Contracts
	  	 	24	  
	 Section 3.10 Litigation
	  	 	25	  
	 Section 3.11 Taxes
	  	 	25	  
	 Section 3.12 Insurance
	  	 	25	  
	 Section 3.13 Intellectual Property
	  	 	25	  
	 Section 3.14 Compliance with Laws
	  	 	27	  
	 Section 3.15 Accounts Receivable; Accounts Payable
	  	 	27	  
	 Section 3.16 Inventory
	  	 	27	  
	 Section 3.17 Personnel
	  	 	27	  
	 Section 3.18 Employee Benefit Plans
	  	 	28	  
	 Section 3.19 Environmental Matters
	  	 	28	  
	 Section 3.20 Permits
	  	 	29	  
	 Section 3.21 Absence of Changes
	  	 	29	  
	 Section 3.22 Suppliers and Customers
	  	 	30	  
	 Section 3.23 Brokers’ or Finders’ Fees
	  	 	30	  
	 Section 3.24 Product Warranties
	  	 	30	  
	 Section 3.25 Export Controls Regulations
	  	 	31	  
	 Section 3.26 Improper Payments
	  	 	31	  
	 Section 3.27 Exclusivity of Representations
	  	 	32	  

  
 i 

					
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
	  	 	32	  
	 Section 4.1 Existence and Good Standing
	  	 	32	  
	 Section 4.2 Authority and Enforceability
	  	 	32	  
	 Section 4.3 Consents and Approvals; No Violations
	  	 	32	  
	 Section 4.4 Brokers’ or Finders’ Fees
	  	 	33	  
	 Section 4.5 Proceedings
	  	 	33	  
	 Section 4.6 Exclusivity of Representations
	  	 	33	  
	 ARTICLE V COVENANTS
	  	 	33	  
	 Section 5.1 Public Announcements
	  	 	33	  
	 Section 5.2 Intercompany Accounts
	  	 	33	  
	 Section 5.3 Further Assurances
	  	 	34	  
	 Section 5.4 Warranty Obligations
	  	 	34	  
	 Section 5.5 Employee Matters
	  	 	34	  
	 Section 5.6 Confidentiality
	  	 	35	  
	 Section 5.7 Non-Competition and Non-Solicitation
	  	 	35	  
	 ARTICLE VI SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION
	  	 	36	  
	 Section 6.1 Survival of Representations and Warranties and Covenants
	  	 	36	  
	 Section 6.2 Indemnification
	  	 	37	  
	 Section 6.3 Indemnification Procedure
	  	 	39	  
	 Section 6.4 Third Party Claims
	  	 	40	  
	 Section 6.5 Exclusive Remedy
	  	 	41	  
	 Section 6.6 Adjustment to Purchase Price
	  	 	41	  
	 Section 6.7 Set-Off
	  	 	42	  
	 ARTICLE VII MISCELLANEOUS
	  	 	42	  
	 Section 7.1 Expenses
	  	 	42	  
	 Section 7.2 Governing Law
	  	 	42	  
	 Section 7.3 Table of Contents; Captions
	  	 	42	  
	 Section 7.4 Notices
	  	 	42	  
	 Section 7.5 Assignment; Parties in Interest
	  	 	43	  
	 Section 7.6 Counterparts; Facsimile Signatures
	  	 	43	  
	 Section 7.7 Entire Agreement; Amendments
	  	 	44	  
	 Section 7.8 Severability
	  	 	44	  
	 Section 7.9 Third-Party Beneficiaries
	  	 	44	  
	 Section 7.10 No Strict Construction
	  	 	44	  
	 Section 7.11 Waiver of Jury Trial
	  	 	44	  
	 Section 7.12 Independence of Covenants and Representations and Warranties
	  	 	44	  

  
 ii 

 EXHIBITS 
  

			
	 Exhibit
	  	 Description

		
	A	  	Escrow Agreement

 SCHEDULES 
  

			
	 Schedule
	  	 Description

		
	1.1(a)	  	Accounts Payable
	1.1(b)	  	Accounts Receivable
	1.1(c)	  	Accrued Expenses
	1.1(d)	  	Accounting Principles, Policies, Conventions, Procedures and Methodologies
	1.1(e)	  	Material Contracts
	2.3(b)	  	Allocation of Purchase Price
	3.1	  	Foreign Qualifications
	3.3(b)	  	Required Consents and Approvals
	3.6	  	Tangible Personal Property
	3.8	  	Leases
	3.10	  	Litigation
	3.12	  	Insurance
	3.13(b)	  	Owned Intellectual Property
	3.13(c)	  	Licensed Intellectual Property
	3.16	  	Inventory Matters
	3.17	  	Personnel
	3.18	  	Employee Plans
	3.19	  	Environmental Matters
	3.20	  	Permits
	3.21	  	Absence of Certain Changes
	3.22	  	Suppliers and Customers
	3.24(a)	  	Product Warranties
	3.25(a)	  	Import/Export Licenses
	3.25(b)	  	Voluntary Disclosures

  
 iii 

 ASSET PURCHASE AGREEMENT 

THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made and entered as of October 1, 2013, by and among
ASTRONICS AS CORPORATION, a New Hampshire corporation (the “Purchaser”), AEROSAT CORPORATION, a Delaware corporation (“AeroSat”), AEROSAT AIRBORNE INTERNET LLC, a Delaware limited liability company
(“Airborne Internet”), AEROSAT AVIONICS LLC, a Delaware limited liability company (“Avionics”), AEROSAT TECH LICENSING LLC, a Delaware limited liability company (“Tech Licensing,” and together with
AeroSat, Airborne Internet and Avionics, the “Sellers”). The Purchaser and the Sellers are referred to herein collectively as the “Parties” and individually as a “Party.” 

RECITALS: 
 A. AeroSat is the
record and beneficial owner of all of the issued and outstanding membership interests of Airborne Internet, Avionics and Tech Licensing. 

B. The Sellers are collectively engaged in (i) designing, developing, manufacturing, providing and servicing connectivity systems
which enable ground and satellite-based communications to and from aircraft, including fuselage and tail mounted antennae arrays, antennae control systems, radomes, radome mounting rings and high power transceivers, and (ii) non-recurring
engineering services associated therewith (the “Business”). 
 C. It is the intention of the Parties hereto that,
upon consummation of the transactions contemplated by this Agreement, all of the assets of the Business will be owned or leased by the Purchaser. 

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties and covenants contained herein, the Parties
agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Defined Terms. When used in this Agreement, the following terms will have the respective meanings
specified below. 
 “Accounts Payable” means all bona fide accounts payable of the Sellers with respect to the Business
as of the Closing Date, but excluding any accounts payable of the Sellers that are more than ninety (90) days outstanding as of the Closing Date. Schedule 1.1(a) sets forth the Accounts Payable (other than the Retained Liabilities) as of
the close of business two (2) Business Days prior to the Closing. 

 “Accounts Receivable” means all bona fide billed and unbilled accounts
receivable of the Sellers with respect to the Business. Schedule 1.1(b) sets forth the Accounts Receivable as of the close of business on the day two (2) Business Days prior to the Closing. 

“Accrued Liabilities” means all accrued expenses of the Sellers with respect to the Business (other than Accounts Payable and
Retained Liabilities) of a type shown on the Balance Sheet. Schedule 1.1(c) sets forth the Accrued Liabilities as of the close of business on the day two (2) Business Days prior to the Closing. Accrued Liabilities will not include
interest on Indebtedness. 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, such Person; provided that, for the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common
control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities,
by contract or otherwise. 
 “Assumed Contracts” means all of the Material Contracts and the Minor Contracts (other
than Excluded Contracts). 
 “Assumed Liabilities” means the following liabilities and obligations of the Sellers
related to the Business and the Purchased Assets: 
 (i) the Accounts Payable; 

(ii) the Accrued Liabilities; 

(iii) all Liabilities for warranty claims arising in respect of (A) products of the Business shipped or sold on or after the Closing and
(B) products of the Business shipped or sold pursuant to the GoGo Contract; 
 (iv) all Liabilities under the Assumed Contracts arising
or to be paid or performed on or after the Closing Date (other than any liability or obligation which results from, arises out of or relates to any breach of contract or tort by the Sellers with respect to periods prior to the Closing Date); 

(v) all Liabilities for Taxes arising from or relating to the Purchased Assets or Business attributable to a Post-Closing Tax Period; and 

(vi) all Liabilities arising in connection with the ownership by the Purchaser of the Purchased Assets or the conduct of the Business by the
Purchaser after the Closing. 
 “Balance Sheet Date” means December 31, 2012. 

  
 2 

 “Books and Records” means originals or true copies of all operating data and
records of the Sellers to the extent related to the Business, the Purchased Assets or the Assumed Liabilities, subject to the Sellers retaining copies or originals of the same if it so chooses, including, without limitation, financial, accounting
and bookkeeping books and records, purchase and sale orders and invoices, sales and sales promotional data, advertising materials, marketing analyses, past and present price lists, past and present customer service files, credit files, warranty
files, batch and product serial number records and files, written operating methods and procedures, specifications, operating records and other information related to the Purchased Assets, reference catalogues, insurance files, personnel records,
records relating to potential acquisitions and other records, on whatever media, pertaining to the Business, or relating to customers or suppliers of, or any other parties having contracts or other business relationships with, the Business;
provided, however, that notwithstanding the foregoing, “Books and Records” will not include (i) organizational documents of the Sellers, (ii) minute books or stock ledgers of the Sellers, (iii) Tax records and
Tax Returns of the Sellers, (iv) documents of the Sellers related to the transactions contemplated by this Agreement or potential transactions with third parties for the sale of the Business and (v) those documents which the Sellers are
prohibited from disclosing or transferring to the Purchaser under applicable Law. 
 “Business Day” means any day,
other than a Saturday, Sunday or a day on which banks are permitted or required by law to be closed in the State of New York. 

“Business Employee” means any employee of the Sellers whose employment relates solely to the Business. 

“Closing Date Net Working Capital” means all cash and cash equivalents plus the Accounts Receivable (net of allowance
for doubtful accounts) plus Inventory (valued on a basis consistent with the fiscal year-end of the Business immediately preceding the Closing Date, net of reserves for obsolete or slow moving material as determined in accordance with the
Sellers’ customary business practices) plus prepaid expenses minus Accounts Payable minus Accrued Liabilities minus customer deposits, calculated as of the date of Closing in accordance with GAAP, except as set forth
in Schedule 1.1(d); provided, however, that such calculation shall exclude Excluded Assets and Retained Liabilities. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time and the rules and regulations promulgated
thereunder. Section references to the Code are to the Code as in effect at the date of this Agreement. 
 “Confidential
Information” means any information (other than information which is generally available to the public, other than as a result of a breach by any Person with any confidentiality obligation to any of the Sellers) relating to the Business or
of any third Party which any Seller is currently under an obligation to keep confidential or that is currently maintained by a Seller as confidential, including, without limitation, confidential or secret processes, products, technology, know-how,
merchandising and advertising programs and plans, suppliers, services, techniques, customers and plans with respect to the Business. 

“Delta” means Delta Airlines or its successors. 

  
 3 

 “Employee Benefit Plan” means each employee bonus, retirement, pension, profit
sharing, stock option, stock appreciation, stock purchase, incentive, deferred compensation, hospitalization, medical (including retiree medical), dental, vision, life and other health and disability (whether provided by insurance or otherwise),
severance, termination and other plan, program, arrangement, policy or payroll practice providing any remuneration or benefits (other than current cash compensation), including, without limitation, each ERISA Plan (other than a multiemployer plan
within the meaning of Section 3(37) of ERISA) which is both (i) (A) maintained by the Sellers or (B) to which the Sellers contribute or have contributed and (b) one under which any Business Employee or former Business
Employee participates or had accrued any rights or under which the Sellers are liable in respect of a Business Employee or former Business Employee with respect to his or her employment with the Business. 

“Environment” has the meaning set forth in Section 101(8) of the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended through the date of this Agreement. 
 “Environmental Claims” means
administrative, regulatory or judicial action, suits, demands, demand letters, claims, liens, fines, penalties, settlements, notices of non-compliance or violation (whether written or oral), investigations or Proceedings, Orders or agreements, by or
from any Person alleging liability of whatever kind or nature (including liability or responsibility for the costs of enforcement proceedings, investigations, cleanup, governmental response, removal or remediation, natural resources damages,
property damages, personal injuries, medical monitoring, penalties, contribution, indemnification and injunctive relief) arising out of, based on or resulting from: (i) any alleged injury or threat of injury to the Environment; (ii) any
violation of Environmental Law or any term or condition of any Permit issued under any Environmental Law; or (iii) the presence, Release of, or exposure to, any Hazardous Materials in violation of any Environmental Law. 

“Environmental Condition” means the presence, Release or introduction into the Environment of any Hazardous Materials (and
any resulting air, soil, groundwater or surface water contamination without regard to the location to which such resulting contamination has migrated or spread) as a result of which a Seller has or may become liable to any Person or by reason of
which any Seller or its assets may suffer or become subject to an Environmental Claim. 
 “Environmental Law” means
all applicable Laws, Orders or binding agreements with any Governmental or Regulatory Authority that (i) regulates or relates to pollution (or the cleanup thereof) or the preservation or the protection of natural resources, endangered or
threatened species, or the Environment; (ii) regulates or relates to the use, reuse, reclamation, recycling, treatment, generation, discharge, storage, containment, transportation, processing, production, handling, disposal remediation or
release of Hazardous Materials; or (iii) imposes liability with respect to any of the foregoing, including, without limitation, (including their implementing regulations and any state analogs): the Comprehensive Environmental Response,
Compensation and Liability Act, as amended, 42 U.S.C. Section 9601 et seq.; the Resource Conservation and Recovery Act, as amended, 42 U.S.C. Section 6901 et seq.; the Federal Water Pollution Control Act, as amended, 33 U.S.C.
Section 1251 et seq.; the Toxic Substances Control Act, as amended, 15 U.S.C. Section 2601 et seq.; the Clean Air Act, as amended, 42 U.S.C. Section 7401 et seq.; the Safe Drinking Water Act, as amended, 42 U.S.C. Section 300f et
seq.; the Oil Pollution Act of 1990, as amended, 33 U.S.C. Section 2701 et seq.; the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq.; the Occupational Safety and Health Act of 1970, as
amended, 29 U.S.C. §§ 651 et seq.; and the Pollution Prevention and Control Act. 

  
 4 

 “Environmental Liability” means any Liability arising out of an Environmental
Claim. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations
promulgated thereunder. Section references to ERISA are to ERISA as in effect at the date of this Agreement. 
 “ERISA
Plan” means any “employee benefit plan” (as such term is defined in ERISA Section 3(3) that is covered by Title 1 of ERISA and is maintained or sponsored by any Seller or to which any Seller has any obligation to
contribute. 
 “Excluded Assets” means the following assets of the Sellers: 

(i) any bank accounts and other depositary accounts (but the cash and cash equivalents present in such accounts will not be Excluded Assets);

 (ii) all personnel, employee compensation, medical and benefits and labor relations records relating to the Business Employees; provided,
however, that copies of all such materials relating individually to the Business Employees shall be delivered to the Purchaser to the extent allowed by applicable Law; 

(iii) the Excluded Contracts; and 

(iv) any rights of the Sellers under the Transaction Documents. 

“Excluded Contracts” means the contracts identified as excluded contracts on Schedule 1.1(e). 

“FAA” means the Federal Aviation Administration. 

“FAA Approval” means the FAA’s issuance of a Supplemental Type Certificates to GoGo for installation of a Company antennae
on a Boeing 767 or 737 or an Airbus A330 aircraft suitable for GoGo’s program with Delta to proceed. 
 “FAA Deadline”
has the meaning given such term in Section 2.3(c)(iii). 
 “Final Closing Date Net Working Capital” means the Closing Date
Net Working Capital as finally determined in accordance with Section 2.6(a). 
 “Final Net Working Capital Adjustment”
means the Net Working Capital Adjustment as finally determined in accordance with Section 2.6(a) 
 “GAAP” means
United States generally accepted accounting principles as in effect from time to time, consistently applied. 
 “GoGo”
means GoGo LLC. 
 “GoGo Confirmation” means the written or verbal confirmation from GoGo, reasonably satisfactory to Purchaser,
after the issuance of FAA Approval that GoGo’s program with Delta, to install 137 Company antennae systems has not been terminated or altered in a manner materially adverse to the Company. 

  
 5 

 “GoGo Contract” means the contract between the Company and GoGo dated
May 8, 2012. 
 “Goodwill” means the goodwill of the Business. 

“Governmental or Regulatory Authority” means any instrumentality, subdivision, court, administrative agency, commission,
official or other authority of the United States or any other country or any state, province, prefect, municipality, locality or other government or political subdivision thereof, or any quasi-governmental or private body exercising any regulatory,
taxing, importing or other governmental or quasi-governmental authority. 
 “Hazardous Materials” means (i) any
pollutants, contaminants, substances, chemicals, carcinogens, wastes and any ignitable, corrosive, reactive, toxic or other hazardous substances or materials, whether solids, liquids or gases (including, but not limited to, petroleum and its
derivatives, PCBs, asbestos, radioactive materials, waste waters, sludge, slag and any other substance, material or waste), as defined under any applicable Environmental Law. 

“Indebtedness” means (i) any obligations of the Sellers for borrowed money or indebtedness of the Company issued or
incurred in substitution or exchange for obligations for borrowed money, (ii) any obligations of the Sellers or a Person other than the Sellers secured by a Lien against any right, title and interest in and to the business, properties, assets
and rights of any kind, whether tangible or intangible, real or personal, and owned by the Sellers or in which any Seller has any interest, (iii) any obligations of the Sellers under capital leases, (iv) any obligations of the Sellers that
would become due and owing under any employment, severance, bonus, commission, non-competition or similar agreement upon the execution of this Agreement or the consummation of the transactions contemplated hereby and (v) all obligations of the
types described in clauses (i) through (iv) above of any Person other than the Sellers, the payment of which is guaranteed, directly or indirectly, by any of the Sellers. 

“Independent Accountants” means a nationally or regionally prominent accounting firm independent of the Purchaser and the
Sellers and their respective Affiliates, as mutually agreed upon by the Parties. 
 “Intellectual Property” means all
intellectual property and proprietary rights of the Sellers currently used in the conduct of the Business, including (i) all inventions (whether patentable or unpatentable and whether or not reduced to practice) and all improvements thereto,
(ii) all patents, patent applications and patent disclosures, together with all reissuances, continuations, continuations-in-part, revisions, extensions and re-examinations thereof, (iii) all trademarks, service marks, trade dress, logos,
trade names and corporate names (including the AeroSat name or other rights associated therewith), together with all translations, adaptations, derivations, and combinations thereof associated therewith, and all applications, registrations, and
renewals in connection therewith (collectively, “Marks”), (iv) all telephone and telecopy numbers and listings, e-mail addresses and internet domain names used exclusively in or relating exclusively to the Business, (v) all
copyrightable works (other than Software), all registrable copyrights, and all applications, registrations and renewals in connection therewith, (vi) all mask works and all applications, registrations, and renewals in connection therewith,
(vii) all trade secrets and confidential business information (including ideas, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, technical data, designs, drawings,
specifications, customer and supplier lists, pricing and cost information, and business and marketing plans and proposals), (viii) all computer software (including data and related documentation and including software installed on hard disk
drives) other than off the shelf computer software subject to shrinkwrap, browsewrap or clickwrap licenses (collectively, “Software”) and (ix) all copies and tangible embodiments of any of the foregoing (in whatever form or medium).

  
 6 

 “Inventory” means all raw material, work-in-process and finished goods inventory
related to the Business. 
 “Law” means any statute, law, ordinance, rule or regulation of any Governmental or Regulatory
Authority as in effect on the date hereof. 
 “Leased Real Property” means the real property and improvements thereon
leased by the Sellers pursuant to the Leases. 
 “Liabilities” means, with respect to any Person, any liability or
obligation of such Person of any kind, character or description, whether known or unknown, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, secured or unsecured, joint or several, due or to become due, vested or unvested,
executory, determined, determinable or otherwise and whether or not the same is required to be accrued on the financial statements of such Person. 

“Licensed Intellectual Property” means all Intellectual Property owned by a third party that is licensed or sublicensed to a
Seller or otherwise subject to an agreement between such third party and such Seller that grants such Seller the right to use such Intellectual Property in the conduct of the Business, including but not limited to the Intellectual Property set forth
on Schedule 3.13(c). 
 “Liens” means liens, security interests, options, rights of first refusal, claims,
easements, mortgages, charges, indentures, deeds of trust, rights of way, restrictions on the use of real property, encroachments, licenses to third parties, leases to third parties, security agreements, or any other encumbrances and other
restrictions or limitations on use of real or personal property or irregularities in title thereto. 
 “Losses” means all
Liabilities, losses, claims, direct damages, causes of action, lawsuits, administrative proceedings, investigations, audits, demands, assessments, adjustments, judgments, settlement payments, deficiencies, penalties, fines, Taxes, and costs and
expenses (including reasonable attorneys’ fees). 
 “Material Adverse Change” or “Material Adverse
Effect” with respect to any Person, any effect, event, circumstance, or condition which, when considered with all other effects, events, circumstances, or conditions, would be reasonably likely to result in Losses having the effect of
materially and adversely affecting the Business, assets, properties, results of operations or financial condition of such Person and its subsidiaries taken as a whole; provided, however, that in no event shall any of the following constitute a
Material Adverse Effect or Material Adverse Change: (i) effects, events, circumstances or conditions generally affecting the industry in which the Sellers’ operate or arising from changes in general business or economic conditions,
provided such effects, events, circumstances, conditions or changes do not have a disproportionate effect on the Business or the assets, properties, results of operations or financial conditions of the Sellers or (ii) any effect resulting from
compliance by the Sellers with the terms of this Agreement or the transactions contemplated thereby or the announcement thereof. 

  
 7 

 “Material Contracts” means all contracts, agreements and commitments other than
Excluded Contracts relating to or affecting the Business as set forth on Schedule 1.1(e), whether written or oral, which are currently in effect and to which any Seller is a party or by which its assets or properties are bound and which: 

(i) relate to capital expenditures or other purchases of material, supplies, equipment or other assets or properties (other than purchase
orders for Inventory or supplies in the Ordinary Course of Business); 
 (ii) involve a loan (other than Accounts Receivable from trade
debtors in the Ordinary Course of Business) or advance to (other than travel and entertainment allowances to the employees of the Business extended in the Ordinary Course of Business), or investment in, any Person or relating to the making of any
such loan, advance or investment; 
 (iii) involve Indebtedness; 

(iv) grant or evidence a Lien on any of the Purchased Assets, other than Permitted Liens; 

(v) provide for any management, consulting, financial advisory or any other similar service that involve the payment by any of the Sellers of
$50,000 or more over the next twelve (12) months and which are not cancelable by such Seller without penalty on thirty (30) days’ or less notice; 

(vi) limit the ability of any of the Sellers to engage in any line of business or to compete with any Person; 

(vii) (including letters of intent) involve the future disposition or acquisition of assets or properties other than in the Ordinary Course of
Business, or any merger, consolidation or similar business combination transaction, whether or not enforceable; 
 (viii) involve any joint
venture, partnership, strategic alliance, shareholders’ agreement, co-marketing, co-promotion, co-packaging, joint development or similar arrangements; 

(ix) involve any resolution or settlement of any actual or threatened litigation, arbitration, claim or other dispute with a value greater
than $50,000; 
 (x) involve a standstill or similar arrangement; 

(xi) contain a “most favored nation” or similar provision; 

  
 8 

 (xii) involve leases or subleases of personal property to which a Seller is a party (as lessee
or lessor) and involving an annual base rental payment in excess of $50,000; 
 (xiii) involve during the next twelve (12) months
(A) the payment by a Seller of $50,000 or more or (B) receipt of payments by a Seller of $50,000 or more, which are not cancelable by such Seller without penalty on thirty (30) days’ or less notice; 

(xiv) grant a power of attorney or other similar agreement or grant of agency; and/or 

(xv) are otherwise material to the Business. 

“Minor Contracts” means all contracts, agreements and commitments relating to or affecting the Business other than the
Material Contracts, whether written or oral, which are currently in effect, and to which any Seller is a party or by which any Seller or its assets or properties are bound. 

“Order” means any judgment, order, injunction, decree, writ, permit or license of any Governmental or Regulatory Authority or
any arbitrator. 
 “Ordinary Course of Business” means the ordinary course of business of the Sellers consistent with past
custom and practice (including with respect to quantity and frequency). 
 “Owned Intellectual Property” means all
Intellectual Property owned by the Sellers including, but not limited to, the Intellectual Property set forth in Schedule 3.13(b). 

“Owned Tangible Personal Property” means all Tangible Personal Property owned by the Sellers related to or used in the
conduct of the Business including, but not limited to, the Tangible Personal Property set forth in Schedule 3.6. 

“Permits” means all material permits, licenses, consents, franchises, approvals and other authorizations required from any
Governmental or Regulatory Authority in connection with the operation of the Business and necessary to conduct the Business as presently conducted. 

“Permitted Liens” means (i) Liens for Taxes, assessments and other governmental levies, fees or charges imposed that are
(A) not due and payable as of the Closing Date, or (B) being contested by appropriate Proceedings, (ii) statutory Liens, mechanics liens and similar liens for labor, materials or supplies provided, in each case incurred in the
Ordinary Course of Business for amounts that are (X) not delinquent and are not, in the aggregate, material, or (Y) being contested by appropriate Proceedings, (iii) purchase money liens and liens securing payments under capital lease
and operating lease arrangements and (iv) standard Liens as may arise in the Ordinary Course of Business under the terms of the Assumed Contracts. 

“Person” means an individual, a partnership, a limited partnership, a joint venture, a corporation, an association, a limited
liability company, a limited liability partnership, a trust, an incorporated organization and a Governmental or Regulatory Authority. 

  
 9 

 “Proceeding” means any claim, demand, action, suit, litigation, dispute, audit,
inquiry, Order, writ, injunction, judgment, assessment, decree, grievance, arbitral action, investigation or other proceeding by or before any Governmental or Regulatory Authority. 

“Purchased Assets” means all right, title and interest of the Sellers in and to all of the assets relating to the Business of
whatsoever nature, tangible or intangible, real or personal, including, without limitation the following (except to the extent any of the following is an Excluded Asset): 

(i) all cash and cash equivalents; 

(ii) the Accounts Receivable; 

(iii) subject to the limitations set forth in Section 2.5(c), all rights in, to and under any and all Assumed Contracts; 

(iv) all prepaid expenses, deferred items or credits, deposits, advances, other prepayments and related rights paid or obtained by the Sellers
relating to the Business, other than prepaid insurance deposits; 
 (v) the Books and Records; 

(vi) the Goodwill; 
 (vii) the
Inventory; 
 (viii) the Owned Intellectual Property and Licensed Intellectual Property; 

(ix) the Owned Tangible Personal Property; 

(x) the Permits (to the extent transferable); and 

(xi) the Tangible Personal Property under capital leases. 

“Release” has the meaning set forth in Section 101(22) of the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended, as of the date of this Agreement. 
 “Remedial Action” means any action to investigate,
evaluate, assess, test, monitor, remove, respond to, treat, abate, remedy, correct, clean-up or otherwise remediate, whether on site or off-site, the Release of any Hazardous Materials (in violation of Environmental Law), including the imposition of
engineering or institutional controls, any action to correct any violation of Environmental Laws, any closure activities, post-closure or monitoring and any operation and maintenance relating to any such remedial activities. 

  
 10 

 “Representative” means any officer, director, manager, principal, attorney,
accountant, agent, employee or other representative of any Person. 
 “Retained Liabilities” means any liability or
obligation of every nature of the Sellers other than the Assumed Liabilities, including but not limited to: 
 (i) all Liabilities of the
Sellers under this Agreement and any other Transaction Document to which a Seller is a party; 
 (ii) all Indebtedness, including interest
thereon; 
 (iii) Liabilities for Taxes of the Sellers attributable to periods prior to the Closing Date; 

(iv) any Liabilities of the Sellers for personal injury or property damage arising or incurred with respect to products manufactured or sold
or services provided by the Sellers prior to the Closing Date, other than warranty obligations, in connection with the operation of the Business or otherwise; 

(v) any Liabilities of the Sellers arising out of or related to the action commenced in the Hillsborough County Superior Court – Northern
District entitled Michael J. Barrett v. AeroSat Corporation, David H. Rowe and Sherwood Goldberg (file #12-C-1045); 
 (vi) the Seller
Warranty Obligations (subject to the provisions of Section 5.4); 
 (vii) all Liabilities arising out of or related to the Excluded
Assets; 
 (viii) all Liabilities relating to the employment, or termination of employment, of any Business Employee (A) arising from
or related to the operation of the Business at or prior to the Closing and (B) pursuant to any retention or severance agreements between the Sellers and any Business Employees in effect as of the Effective Time; 

(ix) all Liabilities relating to the Excluded Contracts; and 

(x) all Liabilities arising from or related to any Environmental Condition first arising after the date of the Sellers’ use, occupancy or
operation of the Leased Real Property and in existence prior to the Closing. 
 “Seller Warranty Obligations” means all
warranty obligations of the Sellers with respect to products manufactured and sold by the Sellers prior to the Closing Date pursuant to the terms of the warranties issued by the Sellers, other than products sold pursuant to the GoGo Contract. 

“Tangible Personal Property” means all tangible personal property used or usable in the conduct of the Business (other than
Inventory) and owned or leased by the Sellers or in which the Sellers have any interest including, without limitation, production and processing equipment, warehouse equipment, computer hardware, furniture and fixtures, tooling, transportation
equipment, leasehold improvements, supplies and other tangible assets, together with any transferable manufacturer or vendor warranties related thereto. 

  
 11 

 “Taxes” means all U.S. and non-U.S. federal, state, local and other income,
franchise, profits, capital gains, capital stock, transfer, sales, use, occupation, property, excise, severance, windfall profits, stamp, license, payroll, withholding and other taxes or similar government assessments, charges, duties, fees, levies
or other governmental charges of any kind whatsoever (whether payable directly or by withholding and whether or not requiring the filing of a Tax Return), as well as all estimated taxes, deficiency assessments, additions to tax, penalties and
interest with respect thereto. 
 “Tax Return” means any return, report, information return or other document (including
any related or supporting information and, where applicable, profit and loss accounts and balance sheets) with respect to Taxes required to be filed with any Governmental or Regulatory Authority. 

“Total Revenues” means revenues received by the Purchaser and its Affiliates on sales and licenses to end-users after the
Closing on products and services (including any derivations thereof) arising from the Business and any New Business Line, including, without limitation, revenue from product sales, license fees, royalties, and related services, which are based upon
such products, services or Owned Intellectual Property, calculated in accordance with GAAP; provided, that Total Revenues will not include revenues arising from New Business Lines or businesses acquired by the Purchaser or its Affiliates after the
Closing, whether through merger, consolidation, or an asset or stock purchase, except to the extent such revenue is from product sales, license fees, royalties, and related services that integrate any of the Owned Intellectual Property. 

In addition, in the event the Purchaser chooses to bundle or otherwise deliver such products or services in a manner in which the related
revenue for such products or services associated with the Business is either difficult to determine, or is structured in such a manner as to materially reduce or avoid Purchaser’s obligations to any Earn-Out Payment, such products and/or
services related to the Business will be deemed to have been sold at the higher of the average selling price for any such products and/or services established (a) during the fiscal year immediately prior to the sale, or license, reasonably
adjusted for inflation, or (b) during the fiscal year in which the sale or license occurred, and the amount of Total Revenue for purposes of calculating the applicable Earn-Out Payment will be adjusted upward accordingly. 

“Transaction Documents” means this Agreement, the Escrow Agreement and all other instruments and agreements to be executed
and delivered pursuant hereto and thereto. 
 “Working Capital Adjustment” means (i) if the Closing Date Net Working
Capital is equal to or greater than the $500,000, the amount, expressed as a positive number, by which the Closing Date Net Working Capital exceeds $500,000 or (ii) if the Closing Date Net Working Capital is less than $500,000, the amount,
expressed as a negative number, by which the Closing Date Net Working Capital is less than the $500,000. 

  
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 Section 1.2 Additional Defined Terms. In addition to the terms defined
in Section 1.1, the following terms will have the respective meanings assigned thereto in the sections indicated below. 

 

			
	 Defined Term
	  	Section
		
	 AeroSat
	  	Preamble
		
	 Agreed Claims
	  	§6.3(c)
		
	 Agreement
	  	Preamble
		
	 Airborne Internet
	  	Preamble
		
	 Asset Sale
	  	§2.7(h)
		
	 Avionics
	  	Preamble
		
	 Balance Sheet
	  	§3.5(a)
		
	 Business
	  	Recitals
		
	 Certificate
	  	§6.3(a)
		
	 Closing
	  	§2.4
		
	 Closing Date
	  	§2.4
		
	 Closing Date Financial Report
	  	§2.6(a)
		
	 Closing Payment
	  	§2.3(a)
		
	 Closing Purchase Price Reconciliation
	  	§2.6(b)
		
	 Deductible Amount
	  	§6.2(b)(ii)
		
	 Earn-Out
	  	§2.7(a)
		
	 Earn-Out Payment
	  	§2.7(d)
		
	 Earn-Out Statement
	  	§2.7(d)
		
	 Earn-Out Year
	  	§2.7(a)
		
	 Effective Time
	  	§2.4
		
	 Escrow Account
	  	§2.3(c)
		
	 Escrow Agent
	  	§2.3(c)
		
	 Escrow Agreement
	  	§2.3(c)
		
	 Escrow Amount
	  	§2.3(c)
		
	 Final Earn-Out Report
	  	§2.7(e)
		
	 Financial Statements
	  	§3.5(b)

			
	 Defined Term
	  	Section
		
	 Indemnification Cap
	  	§6.2(b)(i)
		
	 Indemnification Claim
	  	§6.1(c)
		
	 Indemnified Party
	  	§6.3(a)
		
	 Indemnifying Party
	  	§6.3(a)
		
	 Insurance Policies
	  	§3.12
		
	 Interim Financial Statements
	  	§3.5(a)
		
	 Leases
	  	§3.8
		
	 Missed Contract
	  	§2.5(d)
		
	 New Business Line
	  	§2.7(g)
		
	 Non-Transferable Assets
	  	§2.5(c)
		
	 Party(ies)
	  	Preamble
		
	 Pre-Asset Sale Fraction
	  	§2.7(h)(i)
		
	 Purchase Price
	  	§2.3(a)
		
	 Purchaser
	  	Preamble
		
	 Purchaser Employment Date
	  	§5.9(a)
		
	 Purchaser Losses
	  	§6.2(a)
		
	 Schedules
	  	§1.4
		
	 Sellers
	  	Preamble
		
	 Seller Employee Plans
	  	§3.18(a)
		
	 Seller Losses
	  	§6.2(c)
		
	 Standard Exceptions
	  	§3.2
		
	 Tech Licensing
	  	Preamble
		
	 Third Party Claim
	  	§6.4(a)
		
	 Transaction Expenses
	  	§7.1
		
	 Transferred Employee
	  	§5.9(a)

 
 

  
 13 

 Section 1.3 Construction. In this Agreement, unless the context
otherwise requires: 
 (a) any reference in this Agreement to “writing” or comparable expressions includes a reference to facsimile
transmission or comparable means of communication; 
 (b) words expressed in the singular number will include the plural and vice versa,
words expressed in the masculine will include the feminine and neuter gender and vice versa; 
 (c) references to Articles, Sections,
Exhibits, Schedules and Recitals are references to articles, sections, exhibits, schedules and recitals of this Agreement; 
 (d) reference
to “day” or “days” are to calendar days; and 
 (e) “include,” “includes,” and “including”
are deemed to be followed by “without limitation” whether or not they are in fact followed by such words or words of similar import. 

Section 1.4 Schedules and Exhibits. The Schedules to this Agreement (the “Schedules”) are incorporated
into and form an integral part of this Agreement. A fact or matter disclosed in a Schedule or a subsection of a Schedule shall be deemed to be disclosed with respect to each other Schedule or subsection where such disclosure is appropriate to the
extent that it is reasonably apparent from reading such Schedule that such disclosure is applicable to such other Schedules or subsections. 

Section 1.5 Knowledge. Except as otherwise specifically provided in this Agreement, where any representation or
warranty contained in this Agreement is expressly qualified by reference to the knowledge of the Sellers, it means the actual knowledge of each of Dennis Ferguson, Frank Blanda, Wayne Garrett, Nim Evatt and Skip Feher after reasonable inquiry. 

ARTICLE II  
 SALE AND
PURCHASE OF ASSETS 
 Section 2.1 Transfer of Purchased Assets. On the terms, and subject to the conditions, set
forth in this Agreement, the Sellers will sell, assign, transfer and deliver to Purchaser on the Closing Date, and the Purchaser will purchase and acquire from the Sellers, all of the Purchased Assets. The Sellers will retain the Excluded Assets.

 Section 2.2 Assumption of Assumed Liabilities; Retained Liabilities. On the Closing Date, the Purchaser will
assume and pay or perform the Assumed Liabilities in accordance with their terms. Notwithstanding anything to the contrary in this Agreement or any of the Transaction Documents, and regardless of whether such liability is disclosed in this
Agreement, in any of the Transaction Documents or on any Schedule hereto or thereto, the Purchaser will not assume, agree to pay, perform or discharge, bear the economic burden of or in any way be responsible for any of the Retained Liabilities. The
Sellers will retain and pay or perform in accordance with their terms all of the Retained Liabilities. 

  
 14 

 Section 2.3 Purchase Price 

(a) Purchase Price. Subject to the terms and conditions of this Agreement and in consideration of the sale, transfer, assignment, conveyance
and delivery by the Sellers of the Purchased Assets to the Purchaser at the Closing, the Purchaser shall pay the Sellers an aggregate cash payment in an amount equal to TWELVE MILLION and 00/100 DOLLARS ($12,000,000) (the “Purchase
Price”), subject to the escrow provisions set forth below, and shall assume the Assumed Liabilities. The Purchase Price less the Escrow Amount (the “Closing Payment”) shall be paid by the Purchaser to the Sellers at the
Closing in cash by the delivery to Sellers of immediately available funds. 
 (b) The Purchase Price will be allocated among the Purchased
Assets as set forth on Schedule 2.3(b). Unless otherwise agreed in writing by the Purchaser and the Sellers, the Purchaser and the Sellers will (i) reflect the Purchased Assets in their books and for Tax reporting purposes in accordance
with such allocation, (ii) file all forms required under Code Section 1060 (including Form 8594) and all other Tax Returns and reports in accordance with and based upon such allocation and (iii) unless required to do so in accordance
with a “determination” as defined in Code Section 1313(a)(1), take no position in any Tax Return, Tax Proceeding, Tax audit or otherwise which is inconsistent with such allocation. 

(c) Escrow. The Purchaser shall deliver to U.S. Bank, N.A. (the “Escrow Agent”) the sum of Six Million Five Hundred Thousand
Dollars ($6,500,000) (the “Escrow Amount”), for deposit into an escrow account (the “Escrow Account”), in accordance with the terms of an escrow agreement in the form attached hereto as Exhibit A (the
“Escrow Agreement”). One Million Five Hundred Thousand Dollars ($1,500,000) of the Escrow Amount and any interest that may be earned thereon shall constitute the “Indemnity Escrow Amount”, and Five Million Dollars
($5,000,000) of the Escrow Amount and any interest that may be earned thereon shall constitute the “Approval Escrow Amount”. The Escrow Amount so deposited shall be applied by the Escrow Agent in accordance with the terms and
conditions of this Agreement and the Escrow Agreement. Subject to and in accordance with the terms and conditions of this Agreement and the Escrow Agreement, the Purchaser and the Sellers shall jointly direct the Escrow Agent to release to the
Sellers: 
 (i) the portion of then available Indemnity Escrow Amount in the Escrow Account in excess of One Million Dollars ($1,000,000) on
the date of payment of the Closing Purchase Price Reconciliation (after giving effect to the payment of such Closing Purchase Price Reconciliation from the Escrow, if applicable); provided, however, if pending claims with respect thereto
exceed One Million Dollars ($1,000,000) on such date, the Escrow Agent shall be directed to release only the portion of the Escrow Amount in excess of the aggregate of such claims; and 

(ii) the then-available Indemnity Escrow Amount in the Escrow Account, less any pending claims or unpaid claims with respect thereto, to the
Sellers on the date that is twelve (12) months from the Closing Date. 
 (iii) provided that (x) the FAA Approval is received by
GoGo by June 30, 2014 (the “FAA Deadline”) and (y) the GoGo Confirmation is received by Purchaser within sixty (60) days of the date Purchaser requests the GoGo Confirmation from GoGo (the
“GoGoDeadline”), the balance of the Approval Escrow Amount, on the date that is no more than five (5) Business Days of the receipt of the GoGo Confirmation. 

  
 15 

 (iv) If the FAA Approval has not been received by GoGo by the FAA Deadline or a GoGo
Confirmation is not received by Purchaser by the GoGo Deadline, subject to the requirements of Section 5.8, the entire balance of the Approval Escrow Account shall be released to the Purchaser, and the Purchaser and Sellers jointly shall direct
the Escrow Agent to release such amount to the Purchaser within five (5) Business Days after the GoGo Deadline 
 Any amount of the Escrow Amount not
ultimately paid to the Sellers but released to Purchaser shall be deemed to be a reduction in the Purchase Price. 
 Section 2.4
Closing. The closing of the sale referred to in Section 2.1 (the “Closing”) will take place following the satisfaction or waiver of all of the conditions set forth in Articles VI and VII at 10:00 A.M. New York time at
such place as the Parties will mutually agree (the “Closing Date”). The Closing and the other transactions contemplated hereby will be deemed to have become effective at 12:01 a.m. on October 1, 2013 (the “Effective Time”).

 Section 2.5 Closing Matters. 

(a) At the Closing, the Sellers will deliver to the Purchaser, each in form and substance, and executed and delivered in a manner, reasonably
satisfactory to the Purchaser: 
 (i) (A) one or more bills of sale conveying in the aggregate all of the Purchased Assets,
(B) one or more assignments of the Owned Intellectual Property in recordable form, (C) such other instruments as are reasonably requested by the Purchaser to vest in the Purchaser title in and to the Purchased Assets in accordance with the
provisions of this Agreement and (D) such other documents and agreements as are contemplated by this Agreement; and 
 (ii) executed
consents with respect to the matters set forth in Schedule 3.3(b); 
 (iii) a duly executed counterpart of the Escrow Agreement;

 (iv) evidence of having sent for filing with the Secretary of the State of Delaware or other applicable Governmental or Regulatory
Authority a certificate of amendment to the organizational documents of each of the Sellers in proper form for filing, and all other appropriate certificates for filing in other applicable jurisdictions, changing the name of each Seller to a name
that does not contain the word “AeroSat” or any derivative or variation thereof; 
 (v) releases of all Liens on the Purchased
Assets other than Permitted Liens; 
 (vi) resolutions of the stockholders or members and the Board of Directors of each of the Sellers
approving the execution, delivery and performance of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, certified by the appropriate officers or managers; 

  
 16 

 (vii) with respect to each Seller, a long-form certificate of good standing from the Secretary
of State of the State of Delaware and from the Secretary of State of each other State in which such Seller is qualified to do business as a foreign entity; and 

(viii) such other certificates, instruments or documents required pursuant to the provisions of this Agreement or otherwise necessary or
appropriate to consummate the transactions contemplated by this Agreement. 
 (b) At the Closing, the Purchaser will deliver to the Sellers,
each in form and substance, and executed and delivered in a manner, reasonably satisfactory to the Sellers: 
 (i) (A) an assumption of the
Assumed Liabilities, (B) such other instruments of assumption evidencing the Purchaser’s assumption of the Assumed Liabilities as the Sellers reasonably deems necessary and (C) such other documents and agreements as are contemplated
by this Agreement; 
 (ii) the Closing Payment in accordance with Section 2.3; 

a duly executed counterpart of the Escrow Agreement, executed by the Purchaser and the Escrow Agent; and 

(iii) such other certificates, instruments or documents required pursuant to the provisions of this Agreement or otherwise necessary or
appropriate to consummate the transactions contemplated by this Agreement. 
 (c) It is understood that certain Purchased Assets may not be
immediately transferable or assignable to the Purchaser, and the Purchaser may in its sole discretion allow the Sellers to retain certain of such assets after the Closing Date (the “Non-Transferable Assets”), and this Agreement will
not constitute an assignment of any such Non-Transferable Assets. In such event, (i) the Sellers will use commercially reasonable efforts to obtain any consent or authorization which may be required to transfer or assign the Non-Transferable
Assets to the Purchaser or to remove or eliminate any impediment preventing the transfer or assignment of the Non-Transferable Assets to the Purchaser, (ii) the Sellers will grant to the Purchaser full use and benefit of its interest in the
Non-Transferable Assets to the extent permitted by the terms of or applicable to such Non-Transferable Assets, it being the intent of the Parties that the Purchaser have the benefit of the Non-Transferable Assets as though it were the sole owner
thereof, (iii) the Sellers will take all actions necessary to preserve the value of the Non-Transferable Assets, (iv) the Sellers will not transfer or assign the Non-Transferable Assets to any Person other than the Purchaser or the
Purchaser’s designees, (v) the Sellers will transfer or assign the Non-Transferable Assets to Purchaser at the earliest date, if any, on which such transfer or assignment can be effected and (vi) the Purchaser will be responsible for
obligations relating to such Non-Transferable Assets arising or occurring on or after the Closing Date as if they had been transferred or assigned to the Purchaser in accordance with the terms of this Agreement. Upon the request of the Purchaser,
the Sellers will enforce, on behalf of the Purchaser and at the Purchaser’s cost, any rights of the Sellers arising under or in connection with any Non-Transferable Asset. To the extent that the Purchaser is provided the benefits of any Assumed
Contract, the Purchaser will perform the obligations arising, from and after the Closing, under such Assumed Contract on behalf of the Sellers, except for any obligation under such Assumed Contract that constitutes a Retained Liability. 

  
 17 

 (d) If Sellers fail to disclose any Material Contract or Minor Contract relating to the Business
and Purchaser becomes aware of such Material Contract or Minor Contract after the Closing Date (a “Missed Contract”), Purchaser will have the option, in its sole discretion, to assume such Missed Contract. If Purchaser elects in
writing to assume a Missed Contract, subject to Section 2.5(c), (i) Sellers will promptly assign, transfer, convey and deliver such Missed Contract to Purchaser, (ii) Purchaser will assume the obligations under such Missed Contract
assigned to Purchaser from and after the date of assignment to Purchaser pursuant to a special-purpose assignment and assumption agreement substantially similar in terms to those of the assignment and assumption agreement executed and delivered on
the Closing Date (which special-purpose agreement the Parties will prepare, execute and deliver in good faith at the time of such transfer) and (iii) the Missed Contract will be treated as an Assumed Contract under this Agreement. 

Section 2.6 Post-Closing Adjustment. 

(a) As promptly as possible after the Closing, but in no event later than sixty (60) days following the Closing, the Purchaser shall
prepare and deliver to the Sellers a report (the “Closing Date Financial Report”) setting forth (i) a statement of the Closing Date Net Working Capital (the “Final Closing Date Net Working Capital”) and
(ii) a calculation of the Working Capital Adjustment based on such report (the “Net Working Capital Adjustment”). The Purchaser shall bear any third-party expenses or fees incurred in preparing the Closing Date Financial
Report. The Purchaser shall deliver or make available to the Sellers promptly, and in any event within five (5) Business Days after any written request, any work papers or other information used by the Purchasers in connection with the
preparation of the Closing Date Financial Report requested by the Sellers. If the Sellers do not object in writing to the Closing Date Financial Report within thirty (30) days after its delivery to the Sellers, such Closing Date Financial
Report will automatically become final and conclusive and the Closing Date Net Working Capital and the Net Working Capital Adjustment therein shall be the Final Closing Date Net Working Capital and the Final Net Working Capital Adjustment,
respectively; provided that such 30-day period shall be tolled while Sellers are waiting to receive any work papers or other information reasonably requested by Sellers that were used by the Purchaser in connection with its preparation of the
Closing Date Financial Report. In the event that the Sellers object in writing to the Closing Date Financial Report within such 30-day period, as extended, the Sellers and the Purchaser shall promptly meet and endeavor to reach agreement as to the
content of the Closing Date Financial Report. If the Sellers and the Purchaser agree on the content of the Closing Date Financial Report, such Closing Date Financial Report will become final and conclusive. If the Sellers and the Purchaser are
unable to reach agreement within fifteen (15) days after the delivery of such objection by the Sellers to the Closing Date Financial Report, then the Independent Accountants will promptly be retained to undertake a determination of the Closing
Date Financial Report, which determination will be made as quickly as possible. Only disputed items (plus any items deemed by the Independent Accountants to be reasonably necessary to a determination of the disputed items) will be submitted to the
Independent Accountants for review. In resolving any disputed item, the Independent Accountants may not assign a value to such item greater than the greatest value for such item claimed by either Party or less than the lowest value for such item
claimed by either Party, in each case as presented to the Independent Accountants. The determination of the Independent Accountants will be final and binding on the Sellers and the Purchaser and the Closing Date Net Working Capital and the Net
Working Capital Adjustment determined by the Independent Accountants shall be the Final Closing Date Net Working Capital and the Final Net Working Capital Adjustment, respectively. The fees and expenses of the Independent Accountants will be paid by
the Purchaser and the Sellers in the same proportion as the dollar amount of the determination in such party’s favor reflected in the Closing Date Financial Report bears to the total dollar amount of all disputed items. 

  
 18 

 (b) The Purchase Price and the payments required to be made after the Closing pursuant to
Section 2.6(c) will be finally determined on the basis of the Closing Date Financial Report and the Final Net Working Capital Adjustment after any determinations described in this Section 2.6(a). 

(c) Within five (5) Business Days after determination of the Final Net Working Capital Adjustment, the Purchaser or the Sellers, as the
case may be, shall pay to the other the amount by which the Purchase Price, as adjusted by the Final Net Working Capital Adjustment, is greater or less than the Purchase Price (such difference being the “Closing Purchase Price
Reconciliation”) as follows: (i) if the Closing Purchase Price Reconciliation is positive, the Purchaser shall promptly pay such difference to the Sellers; and (ii) if the Closing Purchase Price Reconciliation is negative, the
amount of such difference shall be paid to the Purchaser out of the Escrow Amount pursuant to the terms of the Escrow Agreement and the Sellers shall authorize and direct the Escrow Agent to release such amount to the Purchaser from the Escrow
Account. 
 Section 2.7 Earn-Out. 

(a) Purchaser shall pay to the Sellers as additional consideration for the Purchased Assets an amount in cash not to exceed in the aggregate
$53,000,000 (the “Earn-Out”) in accordance with this Section 2.7. An Earn-Out Payment (as defined below) may be achieved for each of the 12-month periods ending on December 31, 2014 and December 31, 2015 (each, an
“Earn-Out Year”) as follows: 
 (b) On or before February 28, 2015, Purchaser shall pay to the Sellers, an amount based
on Total Revenues for the Earn-Out Year ending December 31, 2014, calculated as follows: 
 (i) if Total Revenues for
such Earn-Out Year are less than $30,000,000, no Earn-Out Payment will be due and payable; or 
 (ii) if Total Revenues for
such Earn-Out Year are greater than $30,000,000 but less than $50,000,000, an amount equal to fifteen percent (15%) of the Total Revenues for such Earn-Out Year multiplied by a fraction, the numerator of which is Total Revenues for such
Earn-Out Year in excess of $30,000,000 and the denominator of which is $20,000,000; or 

  
 19 

 (iii) if Total Revenues for such Earn-Out Year are greater than $50,000,000, an
amount equal to fifteen percent (15%) of Total Revenues. 
 (c) On or before February 29, 2016, Purchaser shall pay to the Sellers,
an amount based on Total Revenues for the Earn-Out Year ending December 31, 2015, calculated as follows: 
 (i) if Total
Revenues for such Earn-Out Year are less than $40,000,000, no Earn-Out Payment will be due and payable; or 
 (ii) if Total
Revenues for such Earn-Out Year are greater than $40,000,000 but less than $60,000,000, an amount equal to fifteen percent (15%) of the Total Revenues for such Earn-Out Year multiplied by a fraction, the numerator of which is Total Revenues for
such Earn-Out Year in excess of $40,000,000 and the denominator of which is $20,000,000; or 
 (iii) if Total Revenues for
such Earn-Out Year are greater than $60,000,000, an amount equal to fifteen percent (15%) of Total Revenues. 
 (d) No later than 30
days after Astronics Corporation files its quarterly financial statements for a quarter of an Earn-Out Year with the Securities and Exchange Commission, Purchaser will provide a reasonably detailed breakdown of all of Purchaser’s and Astronics
Corporation’s (including any Subsidiaries’) revenues includable in Total Revenues to Sellers in a form that will enable Sellers to reasonably estimate the amount of the potential Earn-Out Payment attributable to such quarter. Purchaser
shall deliver to the Sellers a computation (the “Earn-Out Statement”) of Total Revenue and the portion of the Earn-Out, if any, attributable to such period (an “Earn-Out Payment”) at the time it makes the Earn-Out
Payment; provided, however, if no Earn-Out Payment is payable with respect to an Earn-Out Year, such Earn-Out Statement will be delivered no later than the last day of February of the year immediately following such Earn-Out Year. Unless
within twenty (20) days after receipt of such computation, the Sellers deliver written notice to the Purchaser setting forth any and all items of disagreement relating to such computation, the computation will be conclusive and binding on the
Sellers. Such 20-day period shall be tolled while Sellers are waiting to receive any work papers or other information reasonably requested by Sellers which were used by the Purchaser or its Affiliates in connection with their preparation of the
Earn-Out Statement. 
 (e) If the Sellers deliver a dispute notice within such 20-day period, as adjusted, following receipt of the Earn-Out
Statement, the Purchaser and the Sellers shall use commercially reasonable efforts to resolve their differences for a period of ten (10) days. If the Purchaser and the Sellers are unable to resolve their differences within such period, the
dispute shall be resolved by the Independent Accountants. The Purchaser and the Sellers will request that the Independent Accountants render a determination as to the computation of the Earn-Out Payment within thirty (30) days after their
retention, and the Purchaser and the Sellers will cooperate fully with the Independent Accountants so as to facilitate a final determination as quickly and as accurately as possible. In making such resolution, the Independent Accountants will
consider only those issues, items or amounts in the Earn-Out Statement as to which the Sellers have disagreed in writing in the aforementioned dispute notice. The Independent Accountants’ final determination (the “Final Earn-Out
Report”) for any given Earn-Out Year will be in writing and will be binding on the Purchaser and the Sellers. The fees and expenses of the Independent Accountants will be paid by the Purchaser and the Sellers in the same proportion as the
dollar amount of the determination in such party’s favor reflected in the Final Earn-Out Report bears to the total dollar amount of all disputed items. In the event that any amount is payable as the Earn-Out Payment under this
Section 2.7(e), the Purchaser will pay such amount by wire transfer of immediately available funds to an account designated by the Sellers as soon as reasonably practicable but in no event later than five Business Days following the receipt of
the Final Earn-Out Report. 

  
 20 

 (f) Any Earn-Out Payments to which the Sellers are entitled to under this Section 2.7
shall bear simple interest at a rate equal to 6% per annum commencing on March 1st of the year immediately following the applicable Earn-Out Year for which such Earn-Out Payment is due.
Such interest shall be payable to the Sellers in immediately available funds upon demand. In addition, the Sellers shall be promptly reimbursed from the Purchaser for any and all costs or expenses of any nature or kind whatsoever (including, but not
limited to, all attorneys’ fees) incurred in seeking to collect such unpaid Earn-Out Payments or to enforce the provisions of this Section 2.7. 

(g) The Purchaser agrees to act in good faith and in a manner consistent with the intention of the Parties such that the Sellers have a
reasonable opportunity to earn the full Earn-Out. It is the Parties’ expectation that during the period of the Earn-Out the Business shall be managed and operated in a manner that is substantially consistent with past
practice. Notwithstanding anything in this Agreement to the contrary, (i) in no event will the Purchaser be required to enter any line of business in which the Sellers were not engaged prior to the Closing Date (a “New
Business Line”), including but not limited to the transmission of content to and from aircraft and (ii) as to any New Business Line, Purchaser reserves the right at all times and in all situations to pursue, or not pursue a New
Business Line in its sole discretion, based on its sole judgment, including but not limited to its determination that not pursuing the New Business Line is in Purchaser’s or any of its Affiliate’s best interests, even if those interests
conflict with the specific interests of the Sellers. Purchaser shall have no obligation whatsoever to pursue any New Business Line, it does not wish to, and the Parties agree that the Purchaser’s judgment in such matters is final. 

(h) If in any Earn-Out Year there is a sale of substantially all of the assets of Purchaser to a third party, and the provisions of this
Section 2.7 are not binding upon the acquiror in such an asset sale by operation of Law or are not expressly assumed by the acquiror in such asset sale (an “Asset Sale”), the applicable Earn-Out Payment in the Earn-Out Year in
which such a transaction occurs, notwithstanding any other provision of this Section 2.7 to the contrary, will be equal to the sum of a pre-Asset Sale Earn-Out Payment amount and a post-Asset Sale Earn Out payment amount, calculated as follows:

 (i) The pre-Asset Sale Earn-Out Payment amount will be calculated in accordance with Section 2.7 (b) or (c) as applicable,
except (A) Total Revenues shall mean Total Revenues for such Earn-Out Year through the date of the Asset Sale and (B) the dollar thresholds provided under Subsections 2.7(b) and (c), as applicable, will be reduced to an amount equal to
such dollar threshold amount multiplied by a fraction the numerator of which is the total number of days in the Earn-Out Year through the closing date of the Asset Sale and the denominator of which is the total number of days in the Earn-Out Year
(the “Pre-Asset Sale Fraction”); and 

  
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 (ii) if the Asset Sale occurs in the 2014, the post-Asset Sale Earn-Out Payment will be equal to
the sum of (A) fifteen percent (15%) of the product of (x) $68,000,000 multiplied by (y) one minus the Pre-Asset Sale Fraction, plus (B) $13,950,000; or 

(iii) if the Asset Sale occurs in 2015, the post-Asset Sale Earn-Out Payment will be equal to fifteen percent (15%) of the product of
(A) $93,000,000 multiplied by (B) one minus the Pre-Asset Fraction. 
 In no event will the Earn-Out Payments under this
Section 2.7(h) exceed $53,000,000. The Earn-Out Payments calculated under this Section 2.7(h) will be paid to the Sellers in accordance with and subject to the remaining provisions of this Section 2.7. 

Section 2.8 Transfer Fees. The Sellers will be responsible for the payment of any sales, use, transfer, excise,
stamp or other similar Taxes imposed by reason of the transfer of the Purchased Assets pursuant to this Agreement and any deficiency, interest or penalty with respect to such Taxes. 

Section 2.9 Allocation of Purchase Price Among Sellers. All payments due and owing from the Purchaser to the Sellers
under this Article II shall be payable 100% to AeroSat, or its permitted assigns. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE SELLERS 

The Sellers, jointly and severally, represent and warrant to the Purchaser as follows: 

Section 3.1 Existence and Good Standing. 

(a) AeroSat (i) is a corporation validly existing and in good standing under the laws of the State of Delaware, (ii) has all
requisite power and authority to own its property and to carry on its business as now conducted, (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character or location of the properties owned,
leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except for such jurisdictions where the failure to be so qualified would not have a Material Adverse Effect. 

(b) Each of Airborne Internet, Avionics and Tech Licensing (i) is a limited liability company validly existing under the laws of the State
of Delaware, (ii) has all requisite power and authority to own its property and to carry on its business as now conducted, (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character or
location of the properties owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except for such jurisdictions where the failure to be so qualified or licensed would not have a Material
Adverse Effect. 

  
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 (c) Schedule 3.1 sets forth each jurisdiction where a Seller is qualified to do business
as a foreign entity. 
 Section 3.2 Authority and Enforceability. Each of the Sellers has all necessary power and
authority and has taken all action necessary to authorize, execute and deliver the Transaction Documents, to consummate the transactions contemplated thereby, and to perform its obligations under the Transaction Documents. No other action on the
part of the Sellers is required to authorize the execution and delivery of the Transaction Documents and to consummate the transactions contemplated thereby. The Transaction Documents, when delivered in accordance with the terms hereof, assuming the
due execution and delivery of this Agreement and each such other document by the other Parties hereto and thereto, will have been duly executed and delivered by the Sellers, and will be valid and binding obligations of the Sellers, enforceable
against them in accordance with their respective terms, except to the extent that their enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’
rights generally and to general equitable principles (“Standard Exceptions”). 
 Section 3.3 Consents and
Approvals; No Violations. 
 (a) The execution and delivery by the Sellers of the Transaction Documents will not, and the consummation by
them of the transactions contemplated thereby will not, result in a violation or breach of, conflict with, constitute (with or without due notice or lapse of time or both) a default (or give rise to any right of termination, modification, payment or
acceleration) under, or result in the creation of any Lien on any of the properties or assets of the Sellers under: (i) any provision of their respective articles of incorporation or bylaws or other organizational documents; (ii) subject
to obtaining and making any of the approvals, consents, notices and filings referred to in paragraph (b) below, any Law or Order applicable to the Sellers or by which their respective properties or assets may be bound; or (iii) any of the
terms, conditions or provisions of any Material Contract. 
 (b) Except as set forth in Schedule 3.3(b), no consent, approval or
action of, filing with or notice to any Governmental or Regulatory Authority or other Person is necessary or required (i) under any of the terms, conditions or provisions of any Law or Order applicable to the Sellers or by which any of such
entities or any of their respective assets or properties may be bound, (ii) under any of the terms, conditions or provisions of any of the Assumed Contracts or (iii) for the execution and delivery of the Transaction Documents by the
Sellers or the performance by the Sellers of their respective obligations thereunder or the consummation of the transactions contemplated thereby. 

Section 3.4 Title. The Sellers have good and marketable title to or a valid leasehold interest all of the Personal
Property included in the Purchased Assets, free and clear of any Liens other than Permitted Liens. 

  
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 Section 3.5 Financial Statements. 

(a) The Sellers have furnished the Purchaser with the (i) unaudited consolidated balance sheets of the Sellers as of December 31,
2010, 2011 and 2012 and the related unaudited statements of income for each of the three (3) years ended December 31, 2012 and (ii) the unaudited consolidated balance sheet of the Sellers as at April 30, 2013 (the
“Balance Sheet”) and the related unaudited statement of income for the four (4) months then ended (the financial statements in clause (ii) above are hereinafter referred to as the “Interim Financial
Statements”). 
 (b) Except as set forth in Schedule 3.5(b), all of the financial statements referred to clauses (i) and
(ii) of Section 3.5(a) (collectively, the “Financial Statements”) have been prepared in accordance with Sellers’ historic method of accounting (without footnotes and with respect to the Interim Financial Statements,
for the absence of year-end adjustments) and fairly present, in all material respects, (i) the consolidated financial condition of the Sellers at the dates thereof and (ii) the consolidated results of the operations of the Sellers and the
changes in their consolidated financial condition for the periods presented. 
 Section 3.6 Personal Property.
Schedule 3.6 sets forth (i) a list of each item of Tangible Personal Property owned by any of the Sellers and used in the Business and (ii) a list of each item of Tangible Personal Property leased by any of the Sellers in
connection with the Business. Except as set forth in Schedule 3.6, all of the Tangible Personal Property is located at the Leased Real Property and there is no Tangible Personal Property used in the operation of the Business located at the
Leased Real Property which is not owned or leased by a Seller. Except as set forth in Schedule 3.6, the Tangible Personal Property, taken as a whole, is in reasonable working order and adequate for continued use in the manner in which it is
presently being used, ordinary wear and tear and normal repairs and replacements excepted. 
 Section 3.7 All
Necessary Assets of the Business. Except for the Excluded Assets, the Purchased Assets constitute all of the rights, properties and assets (tangible and intangible) necessary for the continued conduct of the Business as presently conducted by
the Sellers. Except for the Excluded Assets, there are no assets or properties used in the Business and owned by any Person other than the Sellers which will not, upon the Closing, be owned, leased or licensed by the Purchaser. 

Section 3.8 Leased Real Property. Schedule 3.8 sets forth a list of each lease or sublease relating to the
use or occupancy of the Leased Real Property (the “Leases”). Each Lease is in full force and effect, and with respect to each Lease (a) all rents and additional rents due to date on the Lease have been paid; (b) the Seller party
thereto is not in material default thereunder; (d) no waiver, indulgence or postponement of such Seller’s obligations under the Lease has been granted by the lessor, and (e) other than with respect to the transfer of the Purchased
Assets, to the knowledge of the Sellers, there exists no event, occurrence, condition or act which, with the giving of notice or the lapse of time, would give rise to a right of termination by the lessor under such Lease or give rise to any material
liability of such Seller under such Lease. 
 Section 3.9 Contracts. Each Assumed Contract is in full force and
effect, subject to Standard Exceptions, and there exists (i) no material default or event of default by the Seller party thereto or, to the knowledge of the Sellers, any other Party to any such Assumed Contract and/or (ii) to the knowledge
of the Sellers, no event, occurrence, condition or act which, with the giving of notice or the lapse of time, would become a default or event of default by a Seller or any other Party thereto, with respect to any term or provision of any such
Assumed Contract. Except as set forth in Schedule 3.9(a), to the knowledge of the Sellers, as of the Balance Sheet Date, the cost of completion with respect to each Assumed Contract would not reasonably be expected to exceed the total
contract value to be paid by a customer or other Person to the applicable Seller thereunder. 

  
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 Section 3.10 Litigation. Except as set forth in Schedule 3.10,
there is no Proceeding pending or, to the knowledge of the Sellers, threatened, against or affecting any of the Sellers, the Business or any of the Purchased Assets or that would, in any case, prohibit or materially impair any Seller’s ability
to perform its obligations under this Agreement or the Transaction Documents, or to consummate any of the transactions contemplated hereunder or thereunder. No Seller is subject to any Order. 

Section 3.11 Taxes. 

(a) The Sellers have filed or caused to be filed with the appropriate Governmental or Regulatory Authorities all Tax Returns required to be
filed by each Seller and all such Tax Returns were correct and complete in all material respects when filed. 
 (b) All Taxes required to
have been withheld by the Sellers in connection with amounts paid or owing to any employee, independent contractor, creditor, member or other third party have been withheld. 

(c) No outstanding claim has been made in writing by a Governmental or Regulatory Authority in a jurisdiction in which the Sellers do not
currently file Tax Returns that any Seller is subject to taxation by that jurisdiction. 
 (d) There are no Liens on any assets, properties
or rights of any Seller that arose in connection with any failure (or alleged failure) to pay any Tax. 
 Section 3.12
Insurance. Set forth in Schedule 3.12 is a list and description of each insurance policy that covers a Seller or the Business (including self-insurance) (the “Insurance Policies”). Such policies are in full force and
effect, all premiums thereon have been paid, and the Sellers are otherwise in compliance in all material respects with the terms and provisions of such policies. No Seller has received any notice of cancellation or non-renewal of any such policy or
arrangement, and, to the knowledge of the Sellers, there exists no event, occurrence, condition or act which, with the giving of notice or the lapse of time or the happening of any other event or condition, would entitle any insurer to terminate or
cancel any such policies. 
 Section 3.13 Intellectual Property. 

(a) The Sellers own, or have the right to use, all Owned Intellectual Property and Licensed Intellectual Property necessary for the conduct of
the Business as currently conducted. No written claim has been asserted or is pending by any Person challenging the ownership, validity or enforceability of any Owned Intellectual Property, nor, to the knowledge of the Sellers, does any valid basis
exist for any such claim or a claim challenging the ownership, validity or enforceability of any Licensed Intellectual Property. The operation of the Business as currently conducted does not infringe or misappropriate the intellectual property or
proprietary rights of any Person. The Sellers have taken reasonable steps to maintain and protect as confidential and proprietary their respective trade secrets and other non-public proprietary information. 

  
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 (b) Schedule 3.13(b) identifies (i) each patent or registration within the Owned
Intellectual Property which has been issued or assigned to any of the Sellers, (ii) each pending patent application or application for registration within the Owned Intellectual Property which any Seller has made, (iii) each material item
of unregistered Marks owned by any of the Sellers and (iv) each license or other agreement which any Seller has granted to any third party with respect to any of the Owned Intellectual Property, other than confidentiality agreements, material
transfer agreements, evaluation agreements, implied licenses and end user license agreements. Schedule 3.13(b) also identifies each Mark owned or licensed by any of the Sellers in the conduct of the Business. Except as set forth on
Schedule 3.13(b), with respect to each item of Owned Intellectual Property required to be identified in Schedule 3.13(b): (i) the Sellers possess all right, title and interest in and to the item, free and clear of any Liens or
licenses (other than Permitted Liens, rights, interests and licenses granted under confidentiality agreements, material transfer agreements, evaluation agreements implied licenses, end user license agreements and agreements under which the Sellers
obtain right, title and interest in and to the underlying Owned Intellectual Property), (ii) the item is not subject to any outstanding Order, (iii) no Proceeding is pending or, to the knowledge of the Sellers, threatened which challenges
the ownership, validity, enforceability, use or ownership of the item and (iv) other than routine indemnities given to distributors, sales representatives, dealers and customers, the Sellers do not have any current obligations to indemnify any
Person for or against any interference, infringement, misappropriation, or other conflict with respect to the item. 
 (c) Schedule
3.13(c) identifies each item of Licensed Intellectual Property that any third party owns and that a Seller uses pursuant to a license, sublicense or agreement, other than items of Licensed Intellectual Property subject to confidentiality
agreements, material transfer agreements, evaluation agreements, non-exclusive licenses that are generally available to the public or implied licenses. Except as set forth on Schedule 3.13(c), with respect to each item of Licensed
Intellectual Property required to be identified in Schedule 3.13(c): (i) to the knowledge of the Sellers, each license, sublicense or other agreement covering the item is enforceable subject to Standard Exceptions and, following the
Closing, will continue to be so enforceable on substantially similar terms and conditions, (ii) neither any Seller nor, to the knowledge of the Sellers, any other party to a license, sublicense or other agreement is in breach or default, and to
the knowledge of the Sellers no event has occurred which, with notice or lapse of time, would reasonably be expected to constitute a breach or default or permit early termination, modification or acceleration thereunder, (iii) neither any
Seller nor, to the knowledge of the Sellers, any other party to a license, sublicense or other agreement has repudiated any provision thereof, (iv) to the knowledge of the Sellers, the underlying item of Licensed Intellectual Property is not
subject to any outstanding Order, (v) no Proceeding is pending or, to the knowledge of the Sellers, threatened which challenges the legality, validity, enforceability or use of the underlying item of Licensed Intellectual Property and
(vi) no Seller has granted any sublicense or similar right with respect to any license, sublicense or other agreement, other than confidentiality agreements, material transfer agreements, evaluation agreements, implied licenses and end user
license agreements. 

  
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 Section 3.14 Compliance with Laws. Each Seller has complied with, and
each Seller and the Purchased Assets are currently in compliance with, all applicable Laws, Orders and Permits except for such non-compliance that individually or in the aggregate would have a Material Adverse Effect. No Seller has received any
written notice to the effect that, or otherwise been advised that, it or any of its assets or properties are not in compliance with any applicable Law, Order or Permit and, to the knowledge of the Sellers, there are no presently existing facts,
circumstances or events relating to the Business which, with notice or lapse of time, would result in material violations of any applicable Law, Order or Permit. 

Section 3.15 Accounts Receivable; Accounts Payable. 

(a) All of the billed Accounts Receivable reflected on the Balance Sheet (net of allowances for doubtful accounts as reflected thereon)
(i) arose from bona fide transactions and represent valid obligations of the obligor thereto and (ii) will be good and collectible in full in the ordinary course of business and in any event not later than one hundred twenty
(120) days after the Closing Date. None of such Accounts Receivable is, or at the Closing Date will be, subject to any counterclaim or claim for set-off. No agreement for deduction or discount has been made with respect to any of the Accounts
Receivable other than trade discounts provided in the Ordinary Course of Business. 
 (b) The Accounts Payable and Accrued Liabilities
reflected on the Balance Sheet have arisen in bona fide transactions in the Ordinary Course of Business. None of the Accounts Payable or Accrued Liabilities reflected on the Balance Sheet represents amounts alleged to be owed by a Seller which such
Seller has disputed or refused to pay. 
 Section 3.16 Inventory. Schedule 3.16 sets forth all Inventory of
the Sellers as of the close of business on the day immediately preceding the date hereof. Except as set forth in Schedule 3.16, (i) the Inventory is in the physical possession of the Sellers and (ii) none of the Inventory has been
pledged as collateral or otherwise is subject to any Lien (other than a Permitted Lien) or is held on consignment from others. All of the Inventory reflected on the Balance Sheet (net of reserves for excess and obsolete Inventory as reflected
thereon) is good and merchantable and is of a quality and quantity useable and salable by the Sellers in the Ordinary Course of Business. 

Section 3.17 Personnel. 

(a) Schedule 3.17 identifies for each current Business Employee of the Sellers, his or her (i) name, (ii) position or job
title, (iii) date of initial employment, (iv) base compensation and bonus compensation earned in the year ended December 31, 2012, and (v) current base compensation. 

  
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 (b) With respect to the Business Employees, (i) no Seller is a party to any labor union
agreement, collective bargaining agreement or other agreement with any labor union or other labor organization, (ii) no Seller is currently engaged in any unfair labor practice under applicable Law and there is no unfair labor practice charge
against any Seller pending or, to the knowledge of the Sellers, threatened before any Governmental or Regulatory Authority, (iii) there is currently no labor strike, labor disturbance, labor slowdown, work stoppage or other material organized
labor dispute or arbitration pending or, to the knowledge of the Sellers, threatened against any Seller and no material grievance currently being asserted, (iv) no Seller has experienced a labor strike, labor disturbance, slowdown, work
stoppage or other organized material labor dispute at any time during the three (3) years immediately preceding the date of this Agreement, (v) there is no organizational campaign being conducted or, to the knowledge of the Sellers,
contemplated and there is no pending or, to the knowledge of Sellers, threatened petition before any Governmental or Regulatory Authority or other dispute as to the representation of any employees of any Seller, and (vi) except as disclosed on
Schedule 3.17, there are no known Proceedings pending or, to the knowledge of the Sellers, threatened against any Seller for unpaid wages, wrongful termination, accidental injury or death, sexual harassment or discrimination or violation of
any Law. 
 (c) Each Seller has classified each individual who currently performs services for or on behalf of such Seller with respect to
the Business as a contractor or employee in accordance with all applicable Laws. 
 Section 3.18 Employee Benefit
Plans. 
 (a) Schedule 3.18 sets forth (i) a list of all Employee Benefit Plans sponsored by the Sellers and (ii) a list
of all other compensatory agreements or arrangements entered into or made by any Seller with or for the benefit of, or relating to, any current or former Business Employee, independent contractor or consultant (collectively, the “Seller
Employee Plans”). 
 (b) The Sellers have provided the Purchaser true and complete copies or summaries of each material Seller
Employee Plan, together with all amendments thereto. 
 (c) All Seller Employee Plans have been administered in material accordance with
their terms and are in compliance in all material respects with applicable Law. 
 (d) Except as disclosed on Schedule 3.18, there are
no pending or, to the knowledge of the Sellers, threatened Proceedings (other than routine claims for benefits), relating to any of the Seller Employee Plans, or the assets of any trust for any Employee Benefit Plan. 

Section 3.19 Environmental Matters. Except as set forth on Schedule 3.19: 

(a) Each of the Sellers (i) has transported, stored, used and disposed of any Hazardous Materials in compliance with all Environmental
Laws and (ii) has operated and is currently operating the Business with all Permits required under Environmental Law except, in each case, where failure to so operate would not have a Material Adverse Effect. 

(b) There is no pending or, to the knowledge of the Sellers, threatened civil or criminal litigation, written notice of violation, written
inquiry or information request by any Governmental or Regulatory Authority, relating to any violation of Environmental Law involving any of the Sellers, and, to the knowledge of the Sellers, no factual or legal basis for any Environmental Claim to
be made against any Seller. The Sellers have not received any written notice of any investigation, Proceeding or Order concerning any Environmental Condition or Environmental Claim. 

  
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 (c) Except for conditions that, either individually or in the aggregate, would not reasonably be
expected to result in any Seller incurring material liability under Environmental Laws, (i) there have been no Releases of any Hazardous Materials in violation of Environmental Laws into the Environment by the Sellers and (ii) with respect
to any Releases of Hazardous Materials in violation of Environmental Laws, the Sellers have given all required notices to Governmental or Regulatory Authorities (copies of which have been made available to the Purchaser). 

(d) The Sellers have made available to the Purchaser, prior to the execution of this Agreement, true, correct and complete copies of all
material environmental reports, studies, investigations and audits in the Sellers’ possession that were conducted within the past three (3) years and that pertain to the Leased Real Property. 

Section 3.20 Permits. Except as set forth on Schedule 3.20, the Sellers have obtained and possess all Permits
and have made all registrations or filings with or notices to any Governmental or Regulatory Authority necessary for the lawful conduct of the Business as presently conducted, or necessary for the lawful ownership and operation of the Purchased
Assets and the operation of the Business as presently conducted, except as would not individually or in the aggregate, have a Material Adverse Effect. All such Permits are in full force and effect in accordance with their terms. Each Seller is in
compliance with all of its Permits, except for such non-compliances that would not, individually or in the aggregate, have a Material Adverse Effect. No Proceeding to modify, suspend, revoke, withdraw, terminate or otherwise limit any such Permit is
pending or, to the knowledge of the Sellers, threatened. 
 Section 3.21 Absence of Changes. Except as set forth
in Schedule 3.21, since the Balance Sheet Date there has not been a Material Adverse Change with respect to any Seller or the Business, no fact, circumstance or event exists or has occurred which would, individually or in the aggregate,
result in a Material Adverse Change with respect to any Seller or the Business and, in connection with the operation of the Business, the Sellers have not, except in the Ordinary Course of Business: 

(a) sold, transferred, leased, licensed or otherwise disposed of any assets or properties, other than the sale of Inventory; 

(b) acquired any business or Person, by merger or consolidation, purchase of substantial assets or equity interests, or by any other manner, in
a single transaction or a series of related transactions, or entered into any contract, agreement, letter of intent or similar arrangement (whether or not enforceable) with respect to the foregoing; 

(c) made any capital expenditure or commitment therefor in excess of $25,000 individually or $50,000 in the aggregate or otherwise acquired any
assets or properties or entered into any contract, agreement, letter of intent or similar arrangement (whether or not enforceable) with respect to the foregoing; 

(d) entered into, materially amended or become subject to any joint venture, partnership or similar arrangement; 

  
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 (e) written-off as uncollectible any notes or Accounts Receivable, except write-offs consistent
with past practice charged to applicable reserves; 
 (f) made any change in any method of accounting or auditing practice; 

(g) paid, discharged, settled or satisfied any material claims or Liabilities, other than payments, discharges or satisfactions reserved
against in the Balance Sheet; 
 (h) changed its cash management customs and practices (including the collection of receivables and payment
of payables); or 
 (i) entered into any contract or letter of intent with respect to (whether or not binding), or otherwise committed or
agreed, whether or not in writing, to do any of the foregoing. 
 Section 3.22 Suppliers and Customers.
Schedule 3.22 sets forth a list of the top ten (10) suppliers and customers of the Business, based on sales volume, for the period beginning on January 1, 2012 and ending on the Balance Sheet Date. To the knowledge of the
Sellers, and without giving effect to the transactions contemplated by this Agreement, the relationships of the Business with its suppliers and customers are good commercial working relationships, and except as set forth in
Schedule 3.22, to the knowledge of the Sellers, no such supplier or customer has canceled or otherwise terminated, or threatened in writing to cancel or otherwise terminate, its relationship with any Seller other than in the Ordinary
Course of Business. No Seller has received written notice, and there is no reasonable basis to believe, that any such supplier or customer may cancel or otherwise materially and adversely modify its relationship with such Seller or limit its
services, supplies or materials to such Seller other than in the Ordinary Course of Business. Except as set forth in Schedule 3.22, no customer of any Seller has any re-stocking rights or similar right to return any non-defective products to
such Seller for reimbursement or credit. 
 Section 3.23 Brokers’ or Finders’ Fees. No agent, broker,
Person or firm acting on behalf of the Sellers is, or will be, entitled to any commission or brokers’ or finders’ fees from the Purchaser or from any of its Affiliates, in connection with any of the transactions contemplated by this
Agreement. 
 Section 3.24 Product Warranties. 

(a) Schedule 3.24(a) contains a form of each product warranty relating to products produced or sold by the Sellers or services performed
by the Sellers which will be in effect on the Closing Date. 
 (b) No products designed, manufactured, marketed or sold by the Sellers have
been recalled or withdrawn (whether voluntarily or otherwise) at any time during the past three (3) years (for purposes of this Section 3.24, a product shall have been recalled or withdrawn if all or a substantial number of products in a
product line were recalled or withdrawn) and (ii) no Proceedings by (or to the knowledge of the Sellers, no investigations by) any Governmental or Regulatory Authority have been instituted, threatened or completed at any time during the past
three (3) years seeking the recall, withdrawal, suspension or seizure of any product sold by the Sellers. 

  
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 (c) To the knowledge of the Sellers, no material defect exists in any design, materials,
manufacture or otherwise in any products designed, manufactured, marketed or sold by the Sellers during the past three (3) years or any defect in, or replacement of, any such products exists which could give rise to any material claim. 

(d) Except as provided in any of the standard product warranties described in Section 3.24(a) and as otherwise set forth in
Schedule 3.24(d), the Sellers have not sold any products or services which are subject to an extended warranty of the Sellers beyond twelve (12) months and which warranty has not yet expired. 

Section 3.25 Export Controls Regulations. 

(a) Schedule 3.25(a) contains a true and complete list of (i) all current and active import and export licenses issued by the
United States government for the products imported or exported by the Sellers related to the Business and for the procurement by the Sellers of materials related to the manufacture of the products of the Business; (ii) a complete and current
accounting of licensing exemptions used by the Sellers for products of the Business being imported or exported; and (iii) all export related agreements required for the export of any items subject to the licensing and jurisdiction of the U.S.
Directorate of Defense Trade Controls, including, but not limited to, technical assistance agreements, manufacturing license agreements, distribution and warehousing agreements with any non-U.S. entity for the manufacture of export controlled
designs or for the transfer of technical information between a Seller and a non-U.S. Person related to the Business. 
 (b) Schedule
3.25(b) contains a true and complete list of all voluntary disclosures made to the U.S. Government by the Sellers with respect to potential violations of import and export matters related to the Business within the last five (5) years. 

(c) To the knowledge of the Sellers, no current or past violation of the regulations of the United States or of any foreign government as
related to the import or export of the products of the Business has occurred during the last five (5) years. 
 (d) The Sellers have an
export compliance program that has been administered in such a manner as to cause the Business to be in compliance in all material respects with the U.S. Government regulations regarding the export of commercial and defense related products and
technology. 
 Section 3.26 Improper Payments. Neither the Sellers nor, to the knowledge of the Sellers, any of
the their respective directors, managers, officers, agents or employees have (i) used any funds of any Seller for unlawful contributions, payments, gifts or entertainment, or made any unlawful expenditures relating to political activity to
government officials or others or established or maintained any unlawful or unrecorded funds in violation of Section 104 of the Foreign Corrupt Practices Act of 1977, as amended, or any other applicable foreign, federal or state law or
(ii) accepted or received any unlawful contributions, payments, expenditures or gifts in violation of applicable Laws. 

  
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 Section 3.27 Exclusivity of Representations. THE REPRESENTATIONS AND
WARRANTIES MADE BY THE SELLERS IN THIS AGREEMENT (INCLUDING THE EXHIBITS AND SCHEDULES HERETO AND ANY CERTIFICATE OR AGREEMENT DELIVERED IN CONNECTION HEREWITH) ARE IN LIEU OF AND ARE EXCLUSIVE OF ALL OTHER REPRESENTATIONS AND WARRANTIES, INCLUDING
WITHOUT LIMITATION ANY IMPLIED WARRANTIES. ANY SUCH OTHER OR IMPLIED REPRESENTATIONS OR WARRANTIES ARE DISCLAIMED. THE SELLERS MAKE NO REPRESENTATIONS AND WARRANTIES REGARDING: (A) ANY BUDGETS, LONG RANGE PLANS, STRATEGIC PLANS, MARKET
ANALYSIS, FORECASTS, PROJECTIONS, OPINIONS AND SIMILAR MATERIALS PREPARED OR FURNISHED BY THE SELLERS OR THEIR AFFILIATES WITH RESPECT TO THE BUSINESS, (B) FUTURE PROSPECTS, INCOME POTENTIAL, OPERATING EXPENSES, OR USES. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER 

Purchaser represents and warrants to the Sellers as follows: 

Section 4.1 Existence and Good Standing. The Purchaser (i) is a corporation duly organized, validly existing and
in good standing under the laws of the State of New Hampshire, (ii) has all requisite corporate power and authority to own its property and to carry on its business as now conducted and (iii) is duly qualified to do business and is in good
standing in each jurisdiction in which the character or location of the properties owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except for such jurisdictions where the failure to
be so qualified or licensed would not have a Material Adverse Effect. 
 Section 4.2 Authority and Enforceability.
The Purchaser has all necessary power and authority and has taken all action necessary to authorize, execute and deliver the Transaction Documents, to consummate the transactions contemplated thereby, and to perform its obligations thereunder.
No other action on the part of the Purchaser is required to authorize the execution and delivery of the Transaction Documents and to consummate the transactions contemplated thereby. The Transaction Documents, when delivered in accordance with the
terms hereof, assuming the due execution and delivery of this Agreement and each such other document by the other Parties hereto and thereto, will have been duly executed and delivered by the Purchaser and will be valid and binding obligations of
the Purchaser, enforceable against it in accordance with their respective terms subject to Standard Exceptions. 
 Section 4.3
Consents and Approvals; No Violations. 
 (a) The execution and delivery of this Agreement and the Transaction Documents by
the Purchaser does not, and the consummation by the Purchaser of the transactions contemplated hereby and thereby will not, result in a violation or breach of, conflict with, constitute (with or without due notice or lapse of time or both) a default
(or give rise to any right of termination, cancellation, payment or acceleration) under, or result in the creation of any Lien upon any of the properties or assets of the Purchaser under: (i) any provision of the certificate of incorporation or
by-laws of the Purchaser; (ii) subject to obtaining and making any of the approvals, consents, notices and filings referred to in paragraph (b) below, any Law or Order applicable to the Purchaser, or by which any of its properties or
assets may be bound or (iii) any contract to which the Purchaser is a party, or by which any of its properties or assets is bound, other than in the case of (ii) or (iii) above, any violation, conflict, breach, acceleration,
termination, modification or payment that, individually or on the aggregate, would not reasonably be expected to have a Materially Adverse Effect. 

  
 32 

 (b) No consent, approval or action of, filing with or notice to any Governmental or Regulatory
Authority or other Person is necessary or required under any of the terms, conditions or provisions of any Law or Order applicable to the Purchaser or by which the Purchaser or any of its assets or properties may be bound, for the execution and
delivery of the Transaction Documents by the Purchaser or the performance by the Purchaser of its obligations thereunder or the consummation of the transactions contemplated thereby. 

Section 4.4 Brokers’ or Finders’ Fees. No agent, broker, Person or firm acting on behalf of the Purchaser
or any of its Affiliates is, or will be, entitled to any commission or brokers’ or finders’ fees from the Sellers or from any of their Affiliates, in connection with any of the transactions contemplated by this Agreement. 

Section 4.5 Proceedings. The Purchaser is not a party to any pending Proceeding that would prohibit or materially
impair its ability to perform its obligations under this Agreement or to consummate any of the transactions contemplated hereunder. 

Section 4.6 Exclusivity of Representations. THE REPRESENTATIONS AND WARRANTIES MADE BY THE PURCHASER IN THIS
AGREEMENT (INCLUDING THE EXHIBITS AND SCHEDULES HERETO AND ANY CERTIFICATE OR AGREEMENT DELIVERED IN CONNECTION HEREWITH) ARE IN LIEU OF AND ARE EXCLUSIVE OF ALL OTHER REPRESENTATIONS AND WARRANTIES, INCLUDING WITHOUT LIMITATION ANY IMPLIED
WARRANTIES. PURCHASER HEREBY DISCLAIMS ANY SUCH OTHER OR IMPLIED REPRESENTATIONS OR WARRANTIES, NOTWITHSTANDING THE DELIVERY OR DISCLOSURE TO THE SELLERS OR THEIR REPRESENTATIVES OF ANY DOCUMENTATION OR OTHER INFORMATION, INCLUDING ANY FINANCIAL
PROJECTIONS OR OTHER SUPPLEMENTAL DATA. 
 ARTICLE V 

COVENANTS 
 Section 5.1
Public Announcements. No Party will, nor will any of their respective Affiliates, without the prior approval of the other Parties, issue any press releases or otherwise make any public filings or public statements with respect to the
transactions contemplated by this Agreement, except as may be required by or advisable under applicable Law or regulation or by obligations pursuant to any listing agreement with any national securities exchange. 

Section 5.2 Intercompany Accounts. At the Closing, all intercompany loans, and the obligations relating thereto
(other than such as are Assumed Liabilities), between the Sellers shall be eliminated. 

  
 33 

 Section 5.3 Further Assurances. At any time and from time to time at or
after the Closing, each of the Parties will, at the reasonable request of the other Party without further consideration, execute and deliver any further deeds, bills of sale, endorsements, assignments, and other instruments of conveyance and
transfer, and take such other actions as such Party may reasonably request in order (i) to more effectively (A) transfer, convey, assign and deliver to the Purchaser, and to place the Purchaser in actual possession and operating control
of, and to vest, perfect or confirm, of record or otherwise, in such entities all right, title and interest in, to and under the Purchased Assets and (B) assume the Assumed Liabilities, (ii) to assist in the collection or reduction to
possession of any and all of the Purchased Assets or to enable the Purchaser to exercise and enjoy all rights and benefits with respect thereto or (iii) to otherwise carry out the intents and purposes of this Agreement. 

Section 5.4 Warranty Obligations. Following the Closing Date, the Purchaser will perform in a cost-effective manner
all Seller Warranty Obligations. The Seller Warranty Obligations to be paid, performed, and discharged by the Purchaser will be limited to the obligations stated under the applicable warranties of the Sellers. Products will be deemed to be
“manufactured and sold” prior to the Closing Date if such products were completed, sold, and shipped, and, if required under the terms of the applicable contract, the customer had completed acceptance testing of such products, prior to the
Closing Date; products that were not so completed, sold, shipped and accepted prior to the Closing Date or were in raw materials or work in process Inventory will not be deemed to have been manufactured and sold prior to the Closing Date and any
warranty obligations with respect to such products will be the sole responsibility of the Purchaser. As consideration for the Purchaser’s performance of the Seller Warranty Obligations, the Sellers will pay to the Purchaser the reasonable
direct cost (material, labor and overhead) incurred by the Purchaser or its Affiliates in performing such Seller Warranty Obligations to the extent that such warranty claims are for an amount in excess of the Sellers’ reserve for warranty
claims set forth on the Balance Sheet, payable within ten (10) Business Days of Sellers, receipt of an invoice therefor. 

Section 5.5 Employee Matters. 

(a) Prior to Closing, Purchaser will provide each Business Employee with a written offer of employment with the Purchaser, such employment to
be effective immediately as of the Closing, and Seller shall terminate the employment of each such Business Employee, such termination to be effective immediately as of the Closing (each such Business Employee, upon accepting an offer of employment
from the Purchaser, a “Transferred Employee”); provided that any offer to a Business Employee who is on a leave of absence (including disability leave) on the Closing Date shall be effective on the later of the Closing Date or the
date such Employee is released to return to active employment. The Closing Date and any such later date upon which a Business Employee accepts employment with the Purchaser shall be referred to herein as a “Purchaser Employment
Date.” Notwithstanding the foregoing, nothing herein will require the Purchaser to retain any Transferred Employee for any period of time or otherwise restrict or limit the Purchaser’s right to terminate or otherwise alter the terms of
employment of any such Transferred Employee, each of whom will be considered an employee “at will” except to the extent covered by an employment agreement or a severance agreement. 

  
 34 

 (b) As of the first day following the applicable Purchaser Employment Date, to the extent
permitted by the applicable plan, program or arrangement, each Transferred Employee shall be permitted to participate in plans, programs and arrangements of the Purchaser and its Affiliates relating to compensation and employee benefits as are
provided to other employees of the Purchaser with similar responsibilities. 
 (c) As of the Closing Date, each Transferred Employee will
be given full prior service credit for their employment with the Sellers under each Purchaser employee benefit plan under which the Purchaser employees participate and where such prior credit is permitted by the terms of such Purchaser employee
benefit plan. 
 Section 5.6 Confidentiality. 

(a) Commencing on the date hereof and continuing for a period of five (5) years thereafter, the Sellers will not, (i) divulge,
transmit or otherwise disclose (except as legally compelled by Order, and then only to the extent required, after prompt notice to the Purchaser of any such Order), directly or indirectly, any Confidential Information with respect to the Business
and (ii) use, directly or indirectly, any Confidential Information for the benefit of anyone other than the Purchaser. 
 (b) It is the
desire and intent of the Parties to this Agreement that the provisions of this Section 5.6 will be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If any
particular provisions or portion of this Section 5.6 will be adjudicated to be invalid or unenforceable, this Section 5.6 will be deemed amended to delete therefrom such provision or portion adjudicated to be invalid or unenforceable, such
amendment to apply only with respect to the operation of such provision in the particular jurisdiction in which such adjudication is made. 

(c) The Parties recognize that the performance of the obligations under this Section 5.6 by the Sellers is special, unique and
extraordinary in character, and that in the event of the breach by any Seller of the terms and conditions of this Section 5.6, the Purchaser will be entitled, if it so elects, to enforce the specific performance thereof by the Sellers or to
seek an injunction or other equitable relief in any court of competent jurisdiction enjoining any such breach. The Sellers further agree that the Purchaser will not be required to post a bond or other security in connection with the issuance of any
such injunction. 
 Section 5.7 Non-Competition and Non-Solicitation. 

(a) In consideration of the purchase of the Purchased Assets by the Purchaser, each of the Sellers agrees that from the date of this Agreement
until the fifth anniversary of the Closing Date, it will not: 
 (i) within any jurisdiction or marketing area in which the Business is
conducted on the date of Closing, directly or indirectly own, manage, operate, control, be employed by (whether as an employee, consultant or advisor) or participate in the ownership, management, operation or control of, or otherwise serve or advise
any business of the type and character engaged in and competitive with the Business. For these purposes, ownership of securities of one percent (1%) or less of any class of securities of a public company will not be considered to be competition
with the Business; 

  
 35 

 (ii) induce or attempt to induce any potential customer, supplier, licensee or other business
relation of the Business not to transact business with the Purchaser or to transact business with another company in lieu of doing business with the Purchaser; or 

(iii) solicit for itself or any Person (other than the Purchaser) the business of any Person with respect to the products of the Business, in
lieu of doing business with the Purchaser, that is or was a customer, supplier, licensee or other business relation of the Business within two (2) years prior to the date of this Agreement, or in any way intentionally interfere with the
relationship between the Purchaser and any such Person. 
 (b) Each of the Sellers agree that for a period of two (2) years from and
after the Closing Date it will not knowingly induce, attempt to induce, or in any way knowingly interfere with the relationship between the Purchaser and any Transferred Employee; or solicit, employ or otherwise contract for the services of any
Transferred Employee. 
 (c) It is the desire and intent of the Parties to this Agreement that the provisions of this Section 5.7 will
be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If any particular provisions or portion of this Section 5.7 will be adjudicated to be invalid or
unenforceable, this Section will be deemed amended to delete therefrom such provision or portion adjudicated to be invalid or unenforceable, such amendment to apply only with respect to the operation of such provision in the particular jurisdiction
in which such adjudication is made. 
 (d) The Parties recognize that the performance of the obligations under this Section 5.7 by the
Sellers is special, unique and extraordinary in character, and that in the event of the breach by any Seller of the terms and conditions of this Section 5.7, the Purchaser will be entitled, if it so elects, to enforce the specific performance
thereof by such Seller or to enjoin such Seller from performing services for any Person. 
 (e) The Parties acknowledge and agree that
damages in the event of a breach of any of the provisions of Section 5.7 would be difficult, if not impossible, to ascertain and it is therefore agreed that the Purchaser, in addition to and without limiting any other remedy or right it may
have, will have the right to an injunction or other equitable relief in any court of competent jurisdiction enjoining any such breach. The Sellers further agree that the Purchaser will not be required to post a bond or other security in connection
with the issuance of any such injunction. 
 Section 5.8 GoGo Confirmation. If GoGo receives the FAA Approval
prior to the FAA Deadline, Purchaser will in good faith use its commercially reasonable efforts to as promptly as possible request the GoGo Confirmation from GoGo. 

ARTICLE VI 
 SURVIVAL OF
REPRESENTATIONS; INDEMNIFICATION 
 Section 6.1 Survival of Representations and Warranties and Covenants. 

  
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 (a) Except as set forth in paragraph (b) below, the representations and warranties of the
Sellers and the Purchaser contained in this Agreement will survive the Closing for a period of eighteen (18) months. 
 (b) The
representations and warranties contained in Section 3.2, Section 3.4, Section 3.7, Section 3.11, Section 3.23, Section 4.2 and Section 4.4 will survive the Closing until thirty (30) days after the expiration
of the applicable statute of limitations period (after giving effect to any waivers and extensions thereof). 
 (c) The covenants or
agreements contained in this Agreement that by their terms are to be performed solely between the date hereof and the Closing shall not survive the Closing. The covenants or agreements contained in this Agreement that by their terms are to be
performed after the Closing Date shall continue in full force and effect after the Closing in accordance with their respective terms. 
 (d)
Any claim in respect of which payments may be sought under Article VI of this Agreement (each, an “Indemnification Claim”) with respect to the breach of any representation, warranty or covenant set forth in this Agreement is
required to be made by an Indemnified Party on or prior to the expiration of the applicable survival period set forth in Section 6.1(a). No Certificate for breach of any such representations, warranties, covenants or agreements of the Parties
may be brought by a Party, and no action with respect thereto may be commenced by a Party, following the applicable survival date, and any such claims shall be irrevocably and unconditionally released and waived by such Party and no Party shall have
any liability or obligation with respect thereto, unless the Indemnified Party gave a Certificate to the Indemnifying Party with respect to such claim on or before such applicable survival date, in which case the right of the Party providing such
Certificate shall not expire until the dispute is resolved under the terms of this Agreement. 
 Section 6.2
Indemnification. 
 (a) Subject to the limitations set forth in this Article VI, from and after the Closing, the Sellers,
jointly and severally, agree to indemnify, defend and hold the Purchaser and its Affiliates and their respective stockholders, officers, directors, employees, agents, successors and assigns, harmless from and against any Losses actually incurred
(collectively, “Purchaser Losses”) related to, arising out of or in connection with (i) any inaccuracy of any representation or the breach of any representation or warranty made by the Sellers in this Agreement, (ii) any
breach or non-fulfillment of any covenant or agreement made by the Sellers in this Agreement, (iii) any Retained Liabilities, (iv) any Environmental Claim based on or arising from an Environmental Condition first arising after the date of
the Sellers’ use, occupancy or operation of the Leased Real Property and existing on or before the Closing Date, (v) all Taxes that may be imposed upon or assessed against the Purchaser or the Purchased Assets based on any acts or
omissions attributable to any period ending on or prior to the Closing Date and (vi) any Retained Liabilities. 
 (b) Notwithstanding
anything to the contrary in this Agreement, the obligations of the Sellers to indemnify, defend and hold harmless for Purchaser Losses pursuant to Section 6.2(a) will be subject to the following limitations, in addition to any other limitations
provided elsewhere in this Article VI: 

  
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 (i) The obligation of the Sellers to indemnify, defend and hold harmless for Purchaser Losses
pursuant to Section 6.2(a)(i) shall be limited to an aggregate amount of Four Million Dollars ($4,000,000) (the “Indemnification Cap”), except that the Indemnification Cap will not apply to Purchaser Losses (A) which are
based on or arise from a breach of representations and warranties contained in Section 3.2, Section 3.4, Section 3.7, Section 3.11, and Section 3.23, which Purchaser Losses shall be limited to the amount of the Purchase
Price or (B) in the event of a judicial determination of fraud. 
 (ii) The Sellers will not be obligated to indemnify, defend and hold
harmless for Purchaser Losses pursuant to Section 6.2(a)(i) until the aggregate amount of such Purchaser Losses exceeds One Hundred Fifty Thousand Dollars ($150,000) (the “Deductible Amount”); provided, that to the
extent the amount of such aggregate Purchaser Losses pursuant to Section 6.2(a)(i) exceeds the Deductible Amount, an Indemnified Party will be entitled to recover only the amount of Purchaser Losses in excess of the Deductible Amount;
provided, further, that, the Deductible Amount will not apply to Purchaser Losses which arise from a breach of representations and warranties contained in Section 3.2, Section 3.4, Section 3.7, Section 3.11, or
Section 3.23. 
 (c) Subject to the limitations set forth in this Article VI, from and after the Closing, the Purchaser agrees to
indemnify, defend and hold the Sellers, their respective Affiliates and their respective stockholders, officers, directors, employees, agents, successors and assigns, harmless from and against any Losses actually incurred (collectively,
“Seller Losses”) related to, arising out of or in connection with (i) any inaccuracy of any representation or the breach of any warranty made by the Purchaser in this Agreement, (ii) any breach or non-fulfillment of any
covenant or agreement made by the Purchaser in this Agreement and (iii) the Assumed Liabilities. 
 (d) Without limiting the effect of
any other limitation contained in this Article VI, for purposes of computing the amount of any Losses incurred by any Indemnified Party under this Article VI, there shall be deducted an amount equal to the amount of any actually received benefit in
the form of a reduction in cash Taxes payable by the Indemnified Party or its Affiliates in connection with such Losses or any of the circumstances giving rise thereto (it being understood that Purchaser and its Affiliates shall have the sole and
exclusive right to control their Tax filings and will not be required to make any Tax election resulting in such reduction if they do not wish to do so for any reason). The calculation of Losses shall not include Losses arising because of a change
after the Closing in Law or accounting principle and in all cases shall be net of any accrual on the Balance Sheet with respect to such Losses. 

  
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 (e) The obligations of the Purchaser to indemnify, defend and hold harmless for Seller Losses
pursuant to Section 6.2(c) will be limited to the Indemnification Cap, except that the Indemnification Cap will not apply to Seller Losses (i) which are based upon or arise from a breach of representations and warranties contained in
Section 4.2 or Section 4.4, (ii) arise from or relate to Purchaser’s or its Affiliates’ operation of the Business after the Closing including satisfaction of the Assumed Liabilities, (iii) relate to or arise from the
payment of the Purchase Price or any Earn-Out Payment, or (iv) in the event of a judicial determination of fraud. The Purchaser will not be obligated to indemnify and hold harmless for Seller Losses pursuant to Section 6.2(c)(i) until the
aggregate amount of such Seller Losses exceeds the Deductible Amount; provided, that to the extent the amount of such aggregate Seller Losses pursuant to Section 6.2(c)(i) exceeds the Deductible Amount, an Indemnified Party will be entitled to
recover only the amount of Seller Losses in excess of the Deductible Amount; provided, further, that, the Deductible Amount will not apply to Seller Losses which arise from a breach of representations and warranties contained in Section 4.2, or
Section 4.4. 
 (f) Notwithstanding anything to the contrary contained herein, in no event shall any Person be entitled to recover or
make a claim for any amounts in respect of, and in no event shall “Losses” be deemed to include any punitive damages, incidental damages, consequential damages, special damages or indirect damages, except to the extent such Person is
required to pay such damages to a third party in connection with a matter for which such Person is otherwise entitled to indemnification under this Agreement. 

Section 6.3 Indemnification Procedure. 

(a) Reasonably promptly after the incurrence of any Losses by any Person entitled to indemnification pursuant to Section 6.2 hereof (an
“Indemnified Party”) which might give rise to indemnification hereunder other than any clam by a third party described in Section 6.4, the Indemnified Party will deliver to the Party from whom indemnification is sought (the
“Indemnifying Party”) a certificate (the “Certificate”), which Certificate will: 
 (i) state that the
Indemnified Party has paid or properly accrued Losses for which such Indemnified Party is entitled to indemnification pursuant to this Agreement; and 

(ii) specify in reasonable detail each individual item of Loss included in the amount so stated, the date such item was paid or properly
accrued, the basis for any anticipated liability and the nature of the misrepresentation, breach of warranty, breach of covenant or claim to which each such item is related and the computation of the amount to which such Indemnified Party claims to
be entitled hereunder; and 
 (b) In the event that the Indemnifying Party will object to the indemnification of an Indemnified Party in
respect of any claim or claims specified in any Certificate, the Indemnifying Party will, within thirty (30) days after receipt by the Indemnifying Party of such Certificate, deliver to the Indemnified Party a notice to such effect and the
Indemnifying Party and the Indemnified Party will, within the thirty (30) day period beginning on the date of receipt by the Indemnified Party of such notice, attempt in good faith to agree upon the rights of the respective Parties with respect
to each of such claims to which the Indemnifying Party will have so objected. If the Indemnified Party and the Indemnifying Party will succeed in reaching agreement on their respective rights with respect to any of such claims, the Indemnified Party
and the Indemnifying Party will promptly prepare and sign a memorandum setting forth such agreement. Should the Indemnified Party and the Indemnifying Party be unable to agree as to any particular item or items or amount or amounts, then the
Indemnified Party and the Indemnifying Party will submit such dispute to a court of competent jurisdiction. The Party which receives a final judgment in such dispute will be indemnified and held harmless for all reasonable attorney and
consultant’s fees or expenses by the other Party. 

  
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 (c) Claims for Losses specified in any Certificate to which an Indemnifying Party does not object
in writing within thirty (30) days of receipt of such Certificate, claims for Losses covered by a memorandum of agreement of the nature described in Section 6.3(b), claims for Losses the validity and amount of which have been the subject
of judicial determination as described in Section 6.3(b) are hereinafter referred to, collectively, as “Agreed Claims.” Within ten (10) days of the determination of the amount of any Agreed Claims, the Indemnifying Party
will pay (or authorize payment, if applicable in accordance with Section 6.7) to the Indemnified Party an amount equal to the Agreed Claim by wire transfer in immediately available funds to the bank account or accounts designated by the
Indemnified Party in a notice to the Indemnifying Party not less than three (3) days prior to such payment. 
 Section 6.4
Third Party Claims. 
 (a) If a claim by a third party is made against any Indemnified Party, and if such Indemnified Party
intends to seek indemnity with respect thereto under this Article VI (a “Third Party Claim”), such Indemnified Party will promptly notify the Indemnifying Party of such claims in writing; provided, that the failure to so
notify will not relieve the Indemnifying Party of its obligations hereunder, except to the extent that the Indemnifying Party is actually and materially prejudiced thereby. The Indemnifying Party will have twenty (20) days after receipt of such
notice to assume the conduct and control, through counsel reasonably acceptable to the Indemnified Party at the expense of the Indemnifying Party, of the settlement or defense thereof; provided, however, that (i) the Indemnifying
Party will permit the Indemnified Party to participate in such settlement or defense through counsel chosen by such Indemnified Party, provided that the fees and expenses of such counsel will be borne by such Indemnified Party and (ii) the
Indemnifying Party will not be entitled to assume control of such defense if the amount of such claim is greater than 150% of the amount remaining indemnifiable by the Indemnifying Party under this Article VI, after giving effect to Losses
previously paid by the Indemnified Party under Article VI hereof, plus the amount of all other claims for Losses made by the Indemnified Party against the Indemnifying Party for indemnification under this Article VI that are outstanding at the time
of such claim. If the Indemnifying Party gives notice to the Indemnified Party of its election to assume the defense of such Third Party Claim but fails to prosecute diligently the defense of such Third Party Claim, then the Indemnified Person will
have the right to assume control of the defense of such Third Party Claim, at the sole cost and expense of the Indemnifying Party by all appropriate proceedings. 

  
 40 

 (b) The assumption of the defense of any Third Party Claim by the Indemnifying Party shall not
constitute an admission of responsibility to indemnify the Indemnified Party or in any manner restrict or impair the Indemnifying Party’s rights to later be reimbursed its costs and expenses if indemnification under this Agreement was not
required. Any Indemnified Party will have the right to employ separate counsel in any such action or claim and to participate in the defense thereof, but the fees and expenses of such counsel will not be at the expense of the Indemnifying Party
unless (i) the Indemnifying Party will have failed, within a reasonable time after having been notified by the Indemnified Party of the existence of such Third Party Claim as provided in the preceding sentence, to assume the defense of such
claim, (ii) the employment of such counsel has been specifically authorized in writing by the Indemnifying Party, which authorization will not be unreasonably withheld or delayed, or (iii) Indemnified Party is advised in writing by legal
counsel that in the reasonable opinion of such counsel to the Indemnified Party a conflict or potential conflict of interests exists between the Indemnified Party and the Indemnifying Party that would make such separate representation advisable; and
provided, further, that the Indemnifying Party shall not be required to pay for more than one such counsel for all Indemnified Parties in connection with any Third Party Claim. So long as the Indemnifying Party is reasonably contesting
any such claim in good faith, the Indemnified Party will not pay or settle any such claim. Notwithstanding the foregoing, the Indemnified Party will have the right to pay or settle any such claim, provided that in such event it will waive any right
to indemnity therefor by the Indemnifying Party for such claim unless the Indemnifying Party will have consented to such payment or settlement. If the Indemnifying Party does not assume the defense of a Third Party Claim or any litigation resulting
therefrom after receipt of notice of such Third Party Claim from the Indemnified Party, the Indemnified Party may defend against such claim in such manner as it reasonably deems appropriate. The Indemnified Party may not settle such claim without
the written consent of the Indemnifying Party, which consent shall not be unreasonably withheld, delayed, or conditioned. The Indemnifying Party will not, except with the consent of the Indemnified Party which will not be unreasonably withheld,
delayed or conditioned, enter into any settlement that is not entirely indemnifiable by the Indemnifying Party pursuant to this Article VI and does not include as an unconditional term thereof the giving by the Person or Persons asserting such claim
to all Indemnified Parties an unconditional release from all liability with respect to such claim or consent to entry of any judgment. The Indemnifying Party and the Indemnified Party will cooperate with each other in all reasonable respects in
connection with the defense of any claim, including making available records relating to such claim and furnishing, without expense to the Indemnifying Party and/or its counsel, such employees of the Indemnified Party as may be reasonably necessary
for the preparation of the defense of any such claim or for testimony as witnesses in any Proceeding relating to such claim. 

Section 6.5 Exclusive Remedy. The Parties acknowledge and agree that, other than as otherwise provided in
Section 5.6(c) and Section 5.7(e) and for claims based on fraud, the remedies set forth in this Article VI shall be the sole and exclusive remedies of the Parties and their Affiliates for any and all Losses or any other
Liabilities sustained or incurred by the Parties or their Affiliates or their successors and assigns arising out of, resulting from or in connection with this Agreement or otherwise arising out of, resulting from or in connection with the
transactions contemplated hereunder and thereunder and each of the Parties hereby waives any other remedy that it, or any other Person entitled to indemnification hereunder, may have hereunder, at law, in equity or otherwise with respect hereto. No
individual Representative of any Indemnifying Party, or any Indemnifying Party’s Affiliates, shall be personally liable for any Losses under this Agreement, except as specifically agreed to by said individual Representatives, absent a judicial
determination of fraud by that Representative. 
 Section 6.6 Adjustment to Purchase Price. The Parties agree that
the payment of any indemnity under this Article VI shall be treated as an adjustment to the Purchase Price paid by the Purchaser hereunder for Tax purposes to the extent that it may properly be so characterized under applicable Law. 

  
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 Section 6.7 Set-Off. In the event an indemnification payment with
respect to an Agreed Claim is to be made by the Sellers to the Purchaser pursuant to this Article VI, such indemnification payment shall be made in the first instance against the Escrow Amount, and thereafter against any Earn-Out Payment due and
payable. 
 ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Expenses. All costs and expenses (including legal fees and expenses) arising from or incident to the
Transaction Documents and the transactions contemplated and thereunder (the “Transaction Expenses”) incurred by the Purchaser will be borne by the Purchaser. All Transaction Expenses incurred by the Sellers, including the fees and expenses
of Raymond James and Associates, Inc., will be borne by the Sellers. 
 Section 7.2 Governing Law. The
interpretation and construction of this Agreement, and all matters relating hereto, will be governed by the laws of the State of Delaware applicable to agreements executed and to be performed solely within such State. 

Section 7.3 Table of Contents; Captions. The table of contents and the Article and Section captions used herein are
for reference purposes only, and will not in any way affect the meaning or interpretation of this Agreement. 
 Section 7.4
Notices. Any notice or other communication required or permitted under this Agreement will be deemed to have been duly given (i) five (5) Business Days following deposit in the mails if sent by registered or certified mail,
postage prepaid, (ii) when sent, if sent by facsimile or other electronic transmission, if receipt thereof is confirmed by telephone, (iii) when delivered, if delivered personally to the intended recipient and (iv) two
(2) Business Days following deposit with a nationally recognized overnight courier service for overnight delivery, in each case addressed as follows: 

if to the Sellers, a single notice addressed to: 

AeroSat Corporation 
 62 Route
101-A 
 Amherst, NH 03031 

Telephone: (603) 879-0205 

Facsimile: (603) 386-6488 

Attn: President 
 with a copy
(which shall not constitute notice) to: 
 Buckingham, Doolittle & Burroughs, LLP 

3800 Embassy Parkway, Suite 300 

Akron, OH 44333 
 Telephone:
(330) 376-5300 
 Facsimile: (330) 258-6559 

Attn: David Kern 

  
 42 

 AeroEquity, Inc. 

39 Locust Avenue 
 Suite 204 

New Canaan, CT 06840 
 Telephone:
(203) 594-1490 
 Facsimile: (            ) 

Attn: Michael Greene 
 and if to
the Purchaser, addressed to: 
 Astronics AS Corporation 

130 Commerce Way 
 East Aurora, NY
14052 
 Telephone: (716) 805-1599 

Facsimile: (716) 805-1286 

Attn: President 
 with a copy
(which shall not constitute notice) to: 
 Hodgson Russ LLP 

The Guaranty Building 
 140 Pearl
Street, Suite 100 
 Buffalo, NY 14202-4040 

Telephone: (716) 856-4000 

Facsimile: (716) 849-0349 

Attn: Robert J. Olivieri, Esq. 

or such other address or number as will be furnished in writing by any such Party. 

Section 7.5 Assignment; Parties in Interest. This Agreement may not be transferred, assigned, pledged or
hypothecated by any Party hereto without the express written consent of the other Party hereto, other than by operation of law; provided, that the Purchaser may assign its rights, interests and obligations hereunder to any direct or indirect
wholly owned subsidiary, but notwithstanding any such assignment, Purchaser will remain liable under this Agreement. This Agreement will be binding upon and will inure to the benefit of the Parties hereto and their respective heirs, executors,
administrators, successors and permitted assigns. 
 Section 7.6 Counterparts; Facsimile Signatures. This
Agreement may be executed in two (2) or more counterparts, all of which taken together will constitute one (1) instrument. The Parties agree that this Agreement may be executed by facsimile or other electronic transmission and that the
reproduction of signatures by facsimile or other electronic device will be treated as binding as if originals, and each Party agrees and undertakes to provide the other Party with a copy of the Agreement bearing original signatures forthwith upon
demand by the other Party. 

  
 43 

 Section 7.7 Entire Agreement; Amendments. This Agreement, including the
other documents referred to herein which form a part hereof, contains the entire understanding of the Parties hereto with respect to the subject matter contained herein and therein. This Agreement supersedes all prior agreements and understandings
between the Parties with respect to such subject matter. This Agreement may not be changed, and any of the terms, covenants, representations, warranties and conditions cannot be waived, except pursuant to an instrument in writing signed by the
Purchaser and the Sellers or, in the case of a waiver, by the Party waiving compliance. 
 Section 7.8 Severability.
If any term, provision, agreement, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, agreements, covenants and
restrictions of this Agreement will remain in full force and effect and will 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 hereto. Upon such a determination, the Parties will negotiate in good faith to modify this Agreement so as to affect the original intent of the Parties as closely as possible in a reasonably acceptable manner in order that the
transactions contemplated hereby may be consummated as originally contemplated to the fullest extent possible. 
 Section 7.9
Third-Party Beneficiaries. Each Party hereto intends that this Agreement will not benefit or create any right or cause of action in or on behalf of any Person other than the Parties. 

Section 7.10 No Strict Construction. The Parties hereto have participated jointly in the negotiation and drafting of
this Agreement. In the event any ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by all Parties hereto, and no presumption or burden of proof will arise favoring or disfavoring any
Party by virtue of the authorship of any provision of this Agreement. 
 Section 7.11 Waiver of Jury Trial. The
Parties hereby waive, to the fullest extent permitted by applicable Law, any right it may have to a trial by jury in respect of any litigation as between the Parties directly or indirectly arising out of, under or in connection with this Agreement
or the transactions contemplated hereby or disputes relating hereto. The Parties (i) certify that no Representative of the other Party has represented, expressly or otherwise that such other Party would not, in the event of litigation, seek to
enforce the foregoing waiver and (ii) acknowledge that it and the other Party have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 7.11. 

Section 7.12 Independence of Covenants and Representations and Warranties. All covenants hereunder shall be given
independent effect so that if a certain action or condition constitutes a default under a certain covenant, the fact that such action or condition is permitted by another covenant shall not affect the occurrence of such default, unless expressly
permitted under an exception to such initial covenant. In addition, all representations and warranties hereunder shall be given independent effect so that if a particular representation or warranty proves to be incorrect or is breached, the fact
that another representation or warranty concerning the same or similar subject matter is correct or is not breached will not affect the incorrectness or a breach of such initial representation or warranty. 

[signature page follows ] 

  
 44 

 IN WITNESS WHEREOF, each of the Parties hereto has caused its corporate name to be hereunto
subscribed by its officer thereunto duly authorized all as of the day and year first above written. 
  

					
	 PURCHASER:
	  		 	
		
		  	ASTRONICS AS CORPORATION
			
		  	By:	 	/s/ David C. Burney
		  		 	Name: David C. Burney
		  		 	Title: Secretary and Treasurer
			
	 SELLERS:
	  		 	
		
		  	AEROSAT CORPORATION
			
		  	By:	 	/s/ Dennis Ferguson
		  		 	Name: Dennis Ferguson
		  		 	Title: President
		
		  	AEROSAT AIRBORNE INTERNET LLC
			
		  	By:	 	/s/ Dennis Ferguson
		  		 	Name: Dennis Ferguson
		  		 	Title: Authorized Representative
		
		  	AEROSAT AVIONICS LLC
			
		  	By:	 	/s/ Dennis Ferguson
		  		 	Name: Dennis Ferguson
		  		 	Title: Authorized Representative
		
		  	AEROSAT AVIONICS LLC
			
		  	By:	 	/s/ Dennis Ferguson
		  		 	Name: Dennis Ferguson
		  		 	Title: Authorized Representative

 [Signature Page to Asset Purchase Agreement] 

 GUARANTY 

ASTRONICS CORPORATION, (the “Guarantor”), as of this October 1, 2013, in order to induce AeroSat Corporation, AeroSat
Airborne Internet LLC, AeroSat Avionics LLC and AeroSat Tech Licensing LLC (collectively, the “Sellers”) to enter into the Asset Purchase Agreement by and among Astronics AS Corporation (the “Purchaser”) and AeroSat
Corporation, AeroSat Airborne Internet LLC, AeroSat Avionics LLC and AeroSat Tech Licensing LLC dated as of October 1, 2013 (the “Agreement”) and perform Sellers’ respective obligations and liabilities thereunder, the
Guarantor hereby absolutely and unconditionally guarantees to the Sellers (i) the accuracy of the representations and warranties of the Purchaser contained in Article IV of this Agreement and (ii) the full, complete and prompt performance
by the Purchaser and payment of all of the Purchaser’s covenants, obligations, and agreements under the Agreement and the other Transaction Documents (as defined in the Agreement). In the event the Purchaser fails to perform or otherwise
breaches in any way any provision of the Agreement, the Sellers may proceed directly against the Guarantor on this Guaranty without first resorting to any remedies or recourse against the Purchaser or any other party. The Guarantor also agrees to
pay all costs and expenses (including reasonable attorneys’ fees) incurred by the Sellers in enforcing or attempting to enforce this Guaranty. 

The validity of this Guaranty and the Guarantor’s obligations hereunder shall in no way be terminated, reduced, impaired or otherwise
affected by reason of, and the Guarantor’s liability under this Guaranty shall be absolute and unconditional irrespective of, (a) any modification, extension or indulgence granted to, any settlement or compromise with, or any release from
liability granted to the Purchaser; (b) any failure by the Sellers to give the Guarantor notice of default in payment or performance by the Purchaser of any of the Purchaser’s obligations, liabilities, covenants and agreements under this
Agreement, which notice the Guarantor hereby expressly waives; (c ) any lack of validity or enforceability of the Agreement; (d) the waiving, delaying, exercising or non-exercising of any of the rights of the Sellers under the Agreement or this
Guaranty; (e) the voluntary or involuntary liquidation, dissolution, appointment of a receiver, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, or other similar proceeding affecting the Purchaser or any of its
assets; or (e) any other circumstance which would otherwise constitute a defense available to, or legal or equitable discharge of, the Purchaser in respect of the Agreement or Guarantor in respect of this Guaranty, it being agreed that the
liability and obligations of Guarantor hereunder shall not be discharged except by full payment and performance as provided in this Guaranty. 

This Guaranty, is an independent covenant of Guarantor and has been executed and delivered as of the date first above written. The Guarantor
waives acceptance of this Guaranty. 
  

			
	ASTRONICS CORPORATION
		
	By:	 	/s/ David C. Burney
		 	Name: David C. Burney
		 	Title: Chief Financial Officer

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