Document:

Exhibit

EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT (the “Agreement”), made and entered into as of March 27, 2017 by and between Endurance International Group Holdings, Inc., a Delaware corporation (together with its successors and assigns permitted under this Agreement, the “Company”) and John Orlando (the “Executive”).
W I T N E S S E T H:
WHEREAS, the Company desires to continue to employ the Executive as its Chief Marketing Officer as of and following the Effective Date (as defined below) and desires to memorialize the terms and conditions of such employment in this Agreement;

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Parties agree as follows:

1.DEFINITIONS. As used in this Agreement, capitalized terms shall have the meanings set forth in this Agreement. The following capitalized terms shall have the following meanings:

(a)“Affiliate” of a Person shall mean a Person that directly or indirectly Controls, is Controlled by, or is under common Control with the Person specified.

(b)“Annual Bonus” shall mean the annual cash bonus, if any, payable to the Executive in respect of any given calendar year pursuant to Section 5 of this Agreement.

(c)“Base Salary” shall mean the annual rate of base salary provided for in Section 4 below or any increased annual rate of base salary granted to the Executive pursuant to Section 4 of this Agreement.

(d)“Board” shall mean the Board of Directors of the Company.

(e)“Cause” shall mean:

(i)    a continued failure of the Executive to perform his duties and responsibilities (other than as a result of physical or mental illness or injury) after receipt of written notice from the Board of such failure, provided that the 

Executive shall have 30 calendar days after the date of receipt of such notice in which to cure such failure (to the extent cure is possible);

(ii)    the Executive’s willful misconduct or gross negligence which is materially injurious to the Company or any of its Affiliates (whether financially, reputationally or otherwise);

(iii)    a breach by the Executive of his fiduciary duty or duty of loyalty to the Company or its Affiliates which is materially injurious to the Company or any of its Affiliates (whether financially, reputationally or otherwise);

(iv)    the indictment of the Executive for any felony or other serious crime involving moral turpitude; or

(v)    the Executive’s (A) breach of any restrictive covenant regarding competition or solicitation or (B) material breach of any other restrictive covenant (including, without limitation, non-disclosure of confidential information), in each case to which he is subject pursuant to this Agreement or any other agreement with the Company or any of its Affiliates (the “Restrictive Covenants”); provided that, in the case of a breach described in clause (v)(B) above, the Board shall provide the Executive with written notice of such breach and the Executive shall have 30 calendar days after the date of receipt of such notice in which to cure such failure (to the extent cure is possible).

If, within the three-month period immediately following the Termination Date, it is discovered that the Executive engaged in conduct which could have resulted in the Executive’s employment with the Company being terminated for Cause, as such term is defined above, the Participant’s employment shall, at the election of the Board, in its sole discretion, be deemed to have been terminated for Cause retroactively to the date the events giving rise to Cause occurred.

(f)A “Change in Control” shall mean the occurrence of one or more of the following events:

(i)    the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, and amended (the “Exchange Act”)) (a “13D Person”) of beneficial ownership of any capital stock of the Company if, after such acquisition, such 13D Person beneficially owns (within the meaning of Rule 13d-3 under the Exchange Act) 50% or more of either (x) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (y) the 

combined voting power of the then-outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control: (I) any acquisition directly from the Company (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into or exchangeable for common stock or voting securities of the Company, unless the 13D Person exercising, converting or exchanging such security acquired such security directly from the Company or an underwriter or agent of the Company) or (II) any acquisition by any corporation pursuant to a Business Combination (as defined below) which complies with clauses (x) and (y) of subsection (iii) of this definition; or

(ii)    a change in the composition of the Board that results in the Continuing Directors (as defined below) no longer constituting a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (x) who was a member of the Board on the date of the initial adoption of this Agreement by the Board or (y) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing

Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (y) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or

(iii)    the consummation of a merger, consolidation, reorganization, recapitalization or share exchange involving the Company or a sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless, immediately following such Business Combination, each of the following two conditions is satisfied: (x) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then- outstanding securities entitled to vote generally in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or substantially all of the Company’s assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively, immediately prior to such Business Combination and (y) no 13D Person (excluding any employee benefit plan (or related trust) 

maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns, directly or indirectly, 50% or more of the then-outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to the Business Combination); or

(iv)    the liquidation or dissolution of the Company;

provided, however, that to the extent required with respect to any payment hereunder that is subject to Section 409A of the Code, the Change in Control must be a “change in control event” within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(i).

(g)“Change in Control Period” shall mean the period beginning on the date on which a Change in Control is consummated and ending on the one-year anniversary thereof.

(h)“COBRA” shall mean the Consolidated Omnibus Budget Reconciliation
Act.

(i)“Code” shall mean the Internal Revenue Code of 1986, as amended, and
all rules and regulations promulgated thereunder.

(j)“Company Employee” shall mean an employee, director or independent contractor of or for the Company or any of its Affiliates (to the extent such Affiliate is engaged in a Competing Business).

(k)“Competing Business” shall mean any business engaged in a line of business in which the Company or its subsidiaries (i) is engaged as of the Termination Date, (ii) has memorialized plans (electronically or otherwise) to become engaged within the six-month period immediately following the Termination Date or (iii) has plans of which the Executive knows (or of which there is a reasonable expectation that the Executive should have known) to become engaged within the six-month period immediately following the Termination Date.

(l)“Control” shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

(m)“Effective Date” shall mean the date specified in Section 2 below.

(n)“Person” shall mean an individual, partnership, corporation, limited liability company, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof.

(o)“Restricted Period” shall mean the period beginning on the Termination Date and ending eighteen months after the Termination Date.

(p)“Stock Incentive Plan” shall mean the Endurance International Group Holdings, Inc. 2013 Stock Incentive Plan (or its successor).

(q)“Termination Date” shall mean the date specified in Section 9(b).

(r)“Term of Employment” shall mean the period specified in Section 2 below (including any extension as provided therein).

(s)“Work Product” shall mean all ideas, works of authorship, inventions and other creations, whether or not patentable, copyrightable, or subject to other intellectual-property protection, that are made, conceived, developed or worked on in whole or in part by the Executive while employed by the Company and/or any of its Affiliates, that relate in any manner whatsoever to the business, existing or proposed, of the Company and/or any of its Affiliates, or any other business or research or development effort in which the Company and/or any of its Affiliates engages during the Term of Employment.

2.TERM OF EMPLOYMENT.

The Term of Employment shall begin on February 14, 2017 (the “Effective Date”). Subject to the terms hereof, the Term of Employment shall extend until the second anniversary of the Effective Date. Commencing on the second anniversary of the Effective Date and on each anniversary thereafter, the Term of Employment shall be renewed automatically for succeeding terms of (1) year, unless either Party gives written notice to the other Party at least ninety (90) days prior to the expiration of the then-current term of the intention not to renew (a “Non-Renewal Notice”).  If a Non-Renewal Notice is provided by either Party, then the
Executive’s employment with the Company shall cease as of the end of the then-current Term of Employment.  Notwithstanding the foregoing, the Term of Employment may be earlier

terminated by either Party in accordance with the provisions of Section 8, 9, and 10 of this Agreement, and in such event the Term of Employment shall end on the Termination Date.

3.POSITION, DUTIES AND RESPONSIBILITIES.

(a)During the Term of Employment, the Executive shall be employed as the Chief Marketing Officer of the Company and shall have such duties, responsibilities and authority as shall be reasonably determined from time to time by the Chief Executive Officer of the Company (the “CEO”). Further, the Executive shall (i) serve on such boards of directors of subsidiaries of the Company and/or (ii) hold such corporate officer titles and positions of the Company and any of its subsidiaries, as may be requested by the CEO in his sole discretion, in any such case without additional compensation therefor. The Executive, in carrying out his duties under this Agreement, shall report directly to the CEO. During the Term of Employment, subject to Section 3(b) and except for permitted vacation periods and reasonable periods of illness, the Executive shall devote substantially all of his business time and attention to the performance of his duties hereunder and shall use his reasonable best efforts, skills and abilities to promote the Company’s interests.

(b)Nothing herein shall preclude the Executive from (i) continuing to serve as a director and advisor on the board of directors of the corporations and entities set forth on Schedule I hereto, (ii) serving on up to one other board of directors (or advisory committee) of a corporation or entity with the prior express written consent of the Board (which consent will not be unreasonably withheld), (iii) serving on the boards of a reasonable number of trade associations and civic or charitable organizations and (iv) managing personal investments, so long as such activities set forth in this Section 3(b) do not conflict or materially interfere with the effective discharge of his duties and responsibilities under Section 3(a) above.

4.BASE SALARY.

During the Term of Employment, the Executive shall be paid an annualized gross Base Salary, payable in accordance with the regular payroll practices of the Company, of
$300,000. The Base Salary shall be reviewed annually for increase (but not decrease) in the sole discretion of the Board.

5.ANNUAL BONUS OPPORTUNITY.

During the Term of Employment, the Executive shall be eligible to earn an Annual Bonus pursuant to the terms and conditions of any annual Management Incentive Plan 

adopted by the Company in respect of 2017 and each successive full fiscal year occurring during the Term of Employment, subject to the Executive’s continued employment through the date on which payments are made under the applicable Management Incentive Plan. The target amount of the Annual Bonus (the “Target Annual Bonus Opportunity”) shall be 40% of the Executive’s Base Salary.

6.EMPLOYEE BENEFIT PROGRAMS.

During the Term of Employment, the Executive shall be entitled to participate in any employee retirement, welfare and fringe benefit plans and programs made available to the

Company’s senior executive officer level employees generally, as such plans or programs may be in effect from time to time.  The Company shall pay the expenses associated with the
Executive’s participation in such benefit plans to the same extent the Company pays the expenses associated with the participation by other similarly situated senior executive officer level employees of the Company.

7.REIMBURSEMENT OF BUSINESS AND OTHER EXPENSES; PERQUISITES; VACATIONS.

(a)Business Expenses. The Executive is authorized to incur reasonable expenses in carrying out his duties and responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with the performance of his duties hereunder, subject to the Executive’s provision of reasonable documentation of such expenses in accordance with the Company’s business expense reimbursement policy as may be in effect from time to time.

(b)Perquisites. During the Term of Employment, the Executive shall be entitled to any perquisites that are generally offered to other senior executive officers of the Company, on terms and conditions as determined by the Company from time to time.

(c)Vacation. Consistent with Company’s policy for executive employees, the Executive will not accrue paid vacation.

8.TERMINATION OF EMPLOYMENT.

(a)Death. The Executive shall terminate employment with the Company, and the Term of Employment shall terminate, upon the Executive’s death.

(b)Disability. The Company shall be entitled to terminate the Executive’s employment for Disability if the Executive has experienced a permanent disability as defined in the Company’s long-term disability plans (a “Disability”). The termination of the Executive’s employment by the Company for Disability shall not be considered a termination without Cause for purposes of this Agreement.

(c)For or Without Cause or Voluntarily (Other Than for Good Reason). The Company may terminate the Executive’s employment for Cause or without Cause. The Executive may voluntarily terminate his employment, other than for Good Reason (“Voluntary Resignation”), provided that the Executive provides the Company with notice of his intent to terminate his employment at least thirty (30) days in advance of the Termination Date.

(d)Good Reason. The Executive may terminate his employment with the Company for Good Reason. For purposes of this Agreement, “Good Reason” shall mean, in connection with the Executive’s termination of employment, the occurrence of any of the following events without his consent:

(i)    a material diminution in the Executive’s duties and responsibilities other than a change in the Executive’s duties and responsibilities that results from becoming part of a larger organization following a Change in Control;

(ii)    the Company’s material breach of this Agreement, including the failure to timely pay Base Salary or any other amounts due under this Agreement; or

(iii)    a relocation of the Executive’s primary work location after the Effective Date such that his daily commute is increased by more than 40 miles;

provided that, within 30 days following the occurrence of any of the events set forth in clauses (i), (ii) or (iii), the Executive shall have delivered written notice to the Company of his intention to terminate his employment for Good Reason, which notice specifies in reasonable detail the circumstances claimed to give rise to the Executive’s right to terminate employment for Good Reason, and the Company shall not have cured such circumstances within 30 days following the Company’s receipt of such notice.

9.PROCEDURE FOR TERMINATION OF EMPLOYMENT.

(a)Notice of Termination of Employment.  Any termination of the
Executive’s employment with the Company (other than a termination of employment on account of the death of the Executive) shall be communicated by written “Notice of Termination” to the other party hereto in accordance with Section 25 hereof.

(b)Termination Date. The Termination Date shall mean: (i) if the Executive’s termination of employment occurs due to the Executive’s death, the date of the Executive’s
death; (ii) if the Executive’s termination of employment occurs due to the Executive’s Disability, the date on which the Executive receives a Notice of Termination from the Company; (iii) if the Executive’s termination of employment occurs due to the Executive’s Voluntary Resignation, the date specified in the notice given pursuant to Section 8(c) hereof, which shall not be less than
thirty (30) days after Company’s receipt of the Notice of Termination; (iv) if the Executive’s termination of employment occurs due to the Executive’s termination for Good Reason, the date of his termination in accordance with Section 8(d) hereof; (v) if the Executive’s termination of employment occurs pursuant to a non-renewal of the Term of Employment by either Party, the end of the then-current Term of Employment; and (vi) if the Executive’s termination of employment occurs for any other reason, the date on which a Notice of Termination is given or any later date (within thirty (30) days, or any alternative time period agreed upon by the Parties, after the giving of such Notice of Termination) set forth in such Notice of Termination.
Effective as of the Termination Date, unless otherwise determined by the Board, the Executive shall be deemed to have resigned from any and all positions he then holds with the Company and its Affiliates.

10.PAYMENTS UPON TERMINATION OF EMPLOYMENT.

(a)Termination Due to Death or Disability. In the event that the Executive’s employment hereunder is terminated due to his death or Disability, the Executive (or his estate or his beneficiaries, in the event of his death), shall be entitled to receive:

(i)    Payment in respect of (A) his accrued but unpaid Base Salary through the Termination Date, (B) any unpaid business expense reimbursements due to the Executive under Section 7 of this Agreement and (C) notwithstanding

anything to the contrary in Section 5 of this Agreement or the applicable Management Incentive Plan, in the event that the Termination Date occurs after the end of a fiscal year, but prior to the date on which the Annual Bonus earned 

by the Executive with respect to such fiscal year is paid to the Executive, payment of such Annual Bonus ((A), (B) and (C) together, the “Accrued Amounts”). The Accrued Amounts shall be paid as soon as reasonably practicable, but no later than thirty (30) days, following the Termination Date; and

(ii)    any amounts or benefits to which the Executive is then entitled under the terms of the benefit plans then-sponsored by the Company in accordance with their terms (and not accelerated to the extent acceleration does not satisfy Section 409A of the Code).

(b)Termination by the Company for Cause, Voluntary Resignation or Termination Due to Non-Renewal.  In the event the Company terminates the Executive’s
employment hereunder for Cause or in the event of a Voluntary Resignation, or the Executive’s employment hereunder is terminated as a result of the delivery of a Non-Renewal Notice, the Executive shall be entitled to receive:

(i)    payment of the Accrued Amounts as soon as reasonably practicable, but no later than thirty (30) days, following the Termination Date; and

(ii)    any amounts or benefits to which the Executive is then entitled under the terms of the benefit plans then-sponsored by the Company in accordance with their terms (and not accelerated to the extent acceleration does not satisfy Section 409A of the Code).

(c)Termination by the Company without Cause or by the Executive for Good

Reason.
 

(i)In the event that the Executive’s employment hereunder is (x) terminated by the Company without Cause, other than due to Disability or death or (y) the Executive resigns for Good Reason, the Executive shall be entitled to receive:

(A)    payment of the Accrued Amounts as soon as reasonably practicable, but no later than thirty (30) days, following the Termination Date;

(B)    any amounts or benefits to which the Executive is then entitled under the terms of the benefit plans then-sponsored by the Company in accordance with their terms (and not accelerated to the extent acceleration does not satisfy Section 409A of the Code); and

(C)    subject to (x) the Executive’s satisfaction of the Release Requirements and (y) the Executive’s continued compliance with the Restrictive Covenants:

(1)    continued payment of Base Salary at the annualized rate in effect on the Termination Date for a period of:

		
	(A)
	if the Termination Date does not occur within the Change in Control Period, twelve (12) months following the Termination Date; or

		
	(B)
	if the Termination Date does occur within the Change in Control Period, eighteen (18) months following the Termination Date,

in either case payable in accordance with the Company’s usual and customary payroll practices;

(2)    payment of the Target Annual Bonus Opportunity in effect on the Termination Date, payable in equal monthly installments over a period of:

		
	(A)
	twelve (12) months following the Termination Date if the Termination Date does not occur within the Change in Control Period; or

		
	(B)
	eighteen (18) months following the Termination Date if the Termination Date does occur within the Change in Control Period,

in either case payable in accordance with the Company’s usual and customary payroll practices; and

(3)    provided the Executive is eligible for and timely elects to continue receiving group medical insurance under COBRA, pay (but in no event for longer than eighteen (18) months following the
Executive’s Termination Date) for such COBRA coverage (the “COBRA Amount”); provided, however, that if the Executive becomes re-employed with another employer and becomes eligible for medical insurance coverage under a plan maintained by such employer, the Executive shall be obligated to provide the Company with written notice of his new employment within five (5) business days of obtaining such new employment and the reimbursement by the Company of the COBRA Amount shall cease and the Company shall have no further obligation in connection therewith; and provided, further, that if the Company’s provision of the COBRA Amount will violate the nondiscrimination requirements of applicable law, this benefit will not apply.

(ii)Payments to be made under Section 10(c)(i)(C) (the “Severance Payments”) shall be provided or shall commence on the 60th  day after the
Termination Date (the “Release Date”), provided that, as of the 52nd day after the

Termination Date, the Release Requirements are satisfied. If the Release Requirements are not satisfied as of the 52nd day after the Termination Date (and the Release has been provided to the Executive as of the Termination Date), then the Executive shall not be entitled to any payments or benefits under the foregoing subsections and the Company and its Affiliates shall have no further obligations in connection therewith.  If the Release Requirements are satisfied, then the portion of the Severance Payments which would otherwise have been paid during the period between the Termination Date and the Release Date shall instead be paid as soon as reasonably practicable following the Release Date. For purposes of this Agreement, the “Release Requirements” shall be satisfied if, as of the applicable date, the Executive has executed a general release of claims against the Company and its Affiliates in substantially the form attached hereto as Exhibit A and the revocation period required by applicable law has expired without the
Executive’s revocation of such release.

(d)No Mitigation Requirement or Offset. In the event of any termination of employment under this Section 10, the Executive shall be under no obligation to seek other employment and, except as otherwise provided in Section 10(c)(i)(C)(3), there shall be no offset 

against amounts due the Executive under this Agreement on account of any remuneration attributable to any subsequent employment that he may obtain.

(e)No Other Severance Benefits. Except as specifically set forth in this Agreement, the Executive covenants and agrees that the Executive shall not be entitled to any other form of severance or termination payments or benefits from the Company, including, without limitation, payments or benefits otherwise payable under any of the Company’s regular severance policies.

(f)Nature of Payments. Any amounts due under this Section 10 are in the nature of severance payments considered to be reasonable by the Company and the Executive and are not in the nature of a penalty.

11.RESTRICTIVE COVENANTS.

(a)Non-Competition.

(i)    The Executive acknowledges and recognizes the highly competitive nature of the businesses of the Company and its Affiliates and accordingly agrees that during the Term of Employment and the Restricted Period, the Executive will not directly or indirectly become an employee, director, or independent contractor of, or a consultant to, or perform any services for, or acquire any financial interest in, any Person engaging in a Competing Business.

(ii)    Notwithstanding anything to the contrary in this Agreement, the Executive may:

(A)    directly or indirectly own, solely as an investment, securities of any Person engaged in a Competing Business which are publicly traded on a national or regional stock exchange or on the over-

the-counter market if the Executive (1) is not a controlling person of, or a member of a group which controls, such person and (2) does not, directly or indirectly, own one percent (1%) or more of any class of securities of such Person (excluding any interest the Executive owns through a mutual fund, private equity fund or other pooled account);

(B)    provide services for a subsidiary or division of a Person that is engaged in a Competing Business as long as such subsidiary or division (1) is not itself engaged in a Competing Business and (2) does not, and the Executive does not, provide any services to the Person that is engaged in a Competing Business that relate (directly or indirectly) to such Competing Business; and

(C)    continue to engage in those activities set forth in Section 3(b), provided that Executive is not engaging in such activities for a Competing Business.

(b)Non-Solicitation.

(i)    During the Term of Employment and the Restricted Period, the Executive will not, whether on the Executive’s own behalf or on behalf of or in conjunction with any person, company, business entity or other organization whatsoever,  solicit or hire, or attempt to solicit or hire:

(A)    any customer or supplier of the Company or any of its Affiliates in connection with any business activity that then competes with the Company or such Affiliate(s) or to terminate or alter in a manner adverse to the Company or such Affiliate(s) such customer’s or supplier’s relationship with the Company or such Affiliate(s); or

(B)    any Company Employee or individual who was a Company Employee within the six-month period immediately prior thereto to terminate or otherwise alter his or her employment with, and/or provision of services for, the Company or its Affiliates.

(c)Confidentiality.

(i)    The Executive hereby agrees that, during the Term of Employment and thereafter, other than in the proper performance of his duties for the Company and its Affiliates, he will hold in strict confidence any proprietary information or Confidential Information related to the Company or any of its Affiliates. For purposes of this Agreement, the term “Confidential Information” shall mean all information of the Company or any of its Affiliates (in whatever form) which is not generally known to the public, including without limitation any inventions, processes, methods of distribution, customer lists or customers’ or trade secrets, 

provided that Confidential Information shall not include (A) information the Executive is required to disclose by applicable law, regulation or legal process so long as the Executive notifies the Company promptly (it being understood that

“promptly” shall mean “prior to” unless prior notice is not possible, in which case “promptly” shall mean as soon as practicable following) of the Executive’s obligation to disclose Confidential Information by applicable law, regulation or legal process and cooperates with the Company to limit the extent of such disclosure, or (B) any information that is or becomes publicly known through no fault of the Executive.

Notwithstanding anything to the contrary, the Executive is not prohibited from reporting possible violations of federal law or regulations to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation and the Executive is not required to obtain the Company’s approval or notify the Company that the Executive intends to make or has made such a report or disclosure. Further, the Executive is hereby advised as follows pursuant to the Defend Trade Secrets Act: “An individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.  An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.”

(ii)    The Executive agrees that at the time of the termination of his employment with the Company, whether at the insistence of the Executive or the Company, and regardless of the reasons therefor, he will deliver to the Company, and not keep or deliver to anyone else, any and all notes, files, memoranda, papers and, in general, any and all physical and electronic matter containing Confidential Information, including any and all documents significant to the conduct of the business of the Company or any subsidiary or Affiliate of the Company which are in his possession, except for any documents for which the Company or any subsidiary or Affiliate of the Company has given written consent to removal at the time of the termination of the Executive’s employment.

(d)Non-Disparagement. The Executive agrees that he will not, any time during the Term of Employment and on or after the time of the termination of his employment with the Company for any reason, directly or indirectly, disparage (i) the Company or its Affiliates, (ii) the business, property or assets of the Company or its Affiliates, or (iii) any of the former, current or future officers, directors, employees or shareholders of the Company or its Affiliates. The Company shall use its reasonable best efforts to cause its officers and members of the Board (in their individual capacities or on behalf of the Company) not to, at any time during the Term of Employment and on or after the time of the termination of Executive’s

employment with the Company for any reason, directly or indirectly, make or publish any disparaging statements or remarks about the Executive.  Nothing in this Section shall be construed to limit the ability of Executive or the Company’s officers or members of the Board (in their individual capacities or on behalf of the Company) to give truthful testimony pursuant to valid legal process, including but not limited to, a subpoena, court order or a government investigative matter.

(e)Injunctive Relief; Effect of Violation on Severance Payments. It is impossible to measure in money the damages that will accrue to the Company or any of its Affiliates in the event that the Executive breaches any of the Restrictive Covenants. In the event that the Executive breaches any such Restrictive Covenant, the Company or any of its Affiliates shall be entitled to an injunction restraining the Executive from violating such Restrictive Covenant (without posting any bond). If the Company or any of its Affiliates shall institute any action or proceeding to enforce any such Restrictive Covenant, the Executive hereby waives the claim or defense that the Company or any of its Affiliates has an adequate remedy at law and agrees not to assert in any such action or proceeding the claim or defense that the Company or any of its Affiliates has an adequate remedy at law. The foregoing shall not prejudice the Company’s or any of its Affiliates’ other rights or remedies under applicable law or equity. In addition, the Company and the Executive agree that the Executive violates any Restrictive Covenant, the Company may cease payment of the Severance Payments and shall also be entitled to recoup any portion of the Severance Payments that were previously paid to the Executive.

12.WORK PRODUCT.

(a)In consideration of the Company’s promises and undertakings in this Agreement, the Executive agrees that all Work Product will be disclosed promptly by the Executive to the Company, shall be the sole and exclusive property of the Company, and is hereby assigned to the Company, regardless of whether (i) such Work Product was conceived, made, developed or worked on during regular hours of his employment or his time away from his employment, (ii) the Work Product was made at the suggestion of the Company; or (iii) the Work Product was reduced to drawing, written description, documentation, models or other 

tangible form. Without limiting the foregoing, the Executive acknowledges that all original works of authorship that are made by the Executive, solely or jointly with others, within the scope of his employment and that are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act (17 U.S.C., Section 101), and are therefore owned by the Company from the time of creation.

(b)The Executive agrees to assign, transfer, and set over, and the Executive does hereby assign, transfer, and set over to the Company, all of his right, title and interest in and to all Work Product, without the necessity of any further compensation, and agrees that the Company is entitled to obtain and hold in its own name all patents, copyrights, and other rights in respect of all Work Product. The Executive agrees to (i) cooperate with the Company during and after his employment with the Company in obtaining patents or copyrights or other intellectual-property protection for all Work Product; (ii) execute, acknowledge, seal and deliver all documents tendered by the Company to evidence its ownership thereof throughout the world; and (iii) cooperate with the Company in obtaining, defending and enforcing its rights therein.

(c)The Executive represents that there are no other contracts to assign inventions or other intellectual property that are now in existence between the Executive and any other Person. The Executive further represents that he has no other employment or undertakings that might restrict or impair his performance of this Agreement. The Executive will not in connection with his employment by the Company, use or disclose to the Company any confidential, trade secret, or other proprietary information of any previous employer or other Person that the Executive is not lawfully entitled to disclose.

13.POST-TERMINATION OBLIGATIONS.

Following the Term of Employment the Executive shall, upon reasonable notice, use his reasonable best efforts to assist and cooperate with the Company and its counsel by providing such information and assistance to the Company as may reasonably be required by the Company to the extent permitted by law at the Company’s expense in connection with any existing or threatened claim, arbitral hearing, litigation, action or governmental or other investigation involving the conduct of business of the Company or its Affiliates not commenced by the Executive.  The Executive’s obligation to cooperate shall be reasonably limited so as not to unreasonably interfere with his other business obligations, and shall not exceed one hundred
		
	(100)
	hours.

14.ARBITRATION.

(a)Any dispute, claim or controversy arising under or in connection with this Agreement or the Executive’s employment hereunder or the termination thereof, other than injunctive relief under Section 11 hereof, shall be settled exclusively by arbitration administered by the American Arbitration Association (the “AAA”) and carried out in the Commonwealth of Massachusetts. The arbitration shall be conducted in accordance with the AAA rules governing commercial arbitration in effect at the time of the arbitration, except as modified herein. There shall be one arbitrator, mutually selected by the Company and the Executive from a list of arbitrators provided by the AAA within thirty (30) days of receipt by respondent of the demand for arbitration. If the Company and Executive cannot mutually agree on an arbitrator within thirty (30) days, then the parties shall request that the AAA appoint the arbitrator and the arbitrator shall be appointed by the AAA within fifteen (15) days of receiving such request.

(b)The arbitration shall commence within forty-five (45) days after the appointment of the arbitrator; the arbitration shall be completed within sixty (60) days of commencement; and the arbitrator’s award shall be made within thirty (30) days following such completion.  The parties may agree to extend the time limits specified in the foregoing sentence.

(c)The arbitrator may award any form of relief permitted under this Agreement and applicable law, including damages and temporary or permanent injunctive relief, except that the arbitral tribunal is not empowered to award damages in excess of compensatory damages, and each party hereby irrevocably waives any right to recover punitive, exemplary or similar damages with respect to any dispute. The arbitrator may award attorney’s fees. The award shall be in writing and shall state the reasons for the award.

(d)The decision rendered by the arbitral tribunal shall be final and binding on the parties to this Agreement. Judgment may be entered in any court of competent jurisdiction. The parties hereto waive, to the fullest extent permitted by law, any rights to appeal to, or to seek review of such award by, any court.  The parties hereto further agree to obtain the arbitral
tribunal’s agreement to preserve the confidentiality of the arbitration.

15.LEGAL FEES AND INDEMNIFICATION.

(a)Except as specifically provided in Section 14(c), each Party shall bear the cost of any legal fees and other fees and expenses which may be incurred in connection with the negotiation of, and enforcing its respective rights under, this Agreement.

(b)During the Term of Employment and for so long as there exists liability

thereafter with regard to the Executive’s activities during the Term of Employment on behalf of the Company, the Company shall indemnify the Executive to the fullest extent permitted by applicable law (and in no event in connection with the Executive’s gross negligence or willful
misconduct), and shall at the Company’s election provide the Executive with legal representation or shall advance to the Executive reasonable attorneys’ fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined by a judicial decision which is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses).

(c)During the Term of Employment and for six years thereafter, the
Executive shall be entitled to the same directors’ and officers’ liability insurance coverage that the Company provides generally to its other directors and officers, as may be amended from time to time for such directors and officers.

16.ASSIGNABILITY; BINDING NATURE.

This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the case of the Executive) and assigns. Rights or obligations of the Company under this Agreement may be, and may only be, assigned or transferred by the Company pursuant to a merger or consolidation in which the Company is the continuing entity, or the sale or liquidation of all or substantially all of the assets of the Company, provided that the assignee or transferee is the successor to all or substantially all of the assets of the Company and such assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained in this Agreement, either contractually or as a matter of law.  No rights or obligations of the Executive under this Agreement may be assigned or transferred by the Executive other than his rights to compensation and benefits, which may be transferred only by will or operation of law, provided that any amount due hereunder to the Executive at the time of his death shall instead be paid to his estate or his designated beneficiary.

17.AMENDMENT OR WAIVER.

No provision in this Agreement may be amended unless such amendment is agreed to in writing and signed by the Executive and an authorized officer of the Company. No waiver by either Party of any breach by the other Party of any condition or provision contained in this Agreement to be performed by such other Party shall be deemed a waiver of a similar or

dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by the Executive or an authorized officer of the Company, as the case may be.

		
	18.
	SECTION 409A.

(a)It is the Parties’ intent that all payments pursuant to this Agreement be exempt from, or compliant with, Section 409A of the Code (“Section 409A”) and that this Agreement be interpreted accordingly.

(b)The following rules shall apply with respect to distribution of the payments, if any, to be provided to the Executive under the Agreement, as applicable:

(i)    It is intended that each installment of the payments under the Agreement shall be treated as a separate “payment” for purposes of Section 409A. Neither the Company nor the Executive shall have the right to accelerate or defer the delivery of any such payments except to the extent specifically permitted or required by Section 409A.

(ii)    If, as of the date of the Executive’s “separation from service” from the Company, the Executive is not a “specified employee” (within the meaning of Section 409A), then each installment of the payments shall be made on the dates and terms otherwise set forth in this Agreement with respect to such payments.

(iii)    If, as of the date of the Executive’s “separation from service” from the Company, the Executive is a “specified employee” (within the meaning of Section 409A), then:

(A)    Each payment due under the Agreement that, in accordance with the dates and terms set forth herein, will in all circumstances, be paid within the short-term deferral period (as defined under Section 409A) shall be treated as a short-term deferral within the meaning of Treasury Regulation Section 1.409A-1(b)(4) to the maximum extent permissible under Section 409A and shall be paid on the dates and terms otherwise set forth in the Agreement with respect to such payments; and

(B)    Each payment due under the Agreement that is not described in Section 18(b)(iii)(A) and that would, absent this subsection, 

be paid within the six-month period following the Executive’s “separation from service” from the Company and on account of the Executive’s “separation from service” shall not be paid until the date that is six months and one day after such separation from service (or, if earlier, the
Executive’s death), with any such payments that are required to be delayed being accumulated during the six-month period and paid in a lump sum on the date that is six months and one day following the Executive’s separation from service and any subsequent payments, if any, being paid in accordance with the dates and terms otherwise set forth herein;

provided, however, that the preceding provisions of this sentence shall not apply to any payment if and to the maximum extent that that such payment is deemed to be paid under a separation pay plan that does not provide for a deferral of compensation by reason of the application of Treasury Regulation 1.409A-1(b)(9)(iii) (relating to separation pay upon an involuntary separation from service). Any payment that qualifies for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of the Executive’s second taxable year following the taxable year in which the separation from service occurs.

(c)Subject to this Section 18, any payments that may be due under the Agreement on account of termination of employment shall begin only upon the date of the
Executive’s “separation from service” (determined as set forth below) which occurs on or after the termination of the Executive’s employment. The determination of whether and when the Executive’s separation from service from the Company has occurred shall be made and in a
manner consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-1(h).  Solely for purposes of this Section 18(c), “Company” shall include all persons with whom the Company would be considered a single employer under Section 414(b) and 414(c) of the Code.

(d)All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A to the extent that such reimbursements or in-kind benefits are subject to Section 409A, including, where applicable, the requirements that (i) any reimbursement is for expenses incurred during the
Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and (iv) the right to reimbursement is not subject to set off or liquidation or exchange for any other benefit.

(e)The Company makes no representation or warranty and shall have no liability to the Executive or to any other Person if any of the provisions of the Agreement are determined to constitute deferred compensation subject to Section 409A but that do not satisfy an exemption from, or the conditions of, that section.

19.SEVERABILITY.

In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law so as to achieve the purposes of this Agreement.

20.SURVIVORSHIP.

The respective rights and obligations of the Parties hereunder shall survive any termination of this Agreement to the extent necessary to achieve the intended preservation of

such rights and obligations. In particular, the provisions of Sections 10, 11, 12 and 13 shall remain in effect as long as is necessary to give effect thereto.

21.REFERENCES.

In the event of the Executive’s death or a judicial determination of his incompetence, reference in this Agreement to the Executive shall be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative.

22.GOVERNING LAW.

This Agreement shall be governed in accordance with the laws of the Commonwealth of Massachusetts without reference to its principles of conflict of laws.

23.WITHHOLDING.

The Company shall be entitled to withhold from any payment to the Executive any amount of tax withholding required by applicable law at the times dictated by applicable law.

24.HEADINGS.

The headings of the sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any provision of this Agreement.

25.NOTICES.

All notices and other communications required or permitted hereunder shall be in writing and shall be deemed given when (a) delivered personally, (b) delivered by certified or registered mail, postage prepaid, return receipt requested or (c) delivered by overnight courier (provided that a written acknowledgment of receipt is obtained by the overnight courier) to the Party concerned at the address indicated below or to such changed address as such Party may subsequently give such notice of:

If to the Company:

Endurance International Group Holdings, Inc. 10 Corporate Drive
Suite 300
Burlington, MA 01803 Attention: General Counsel
If to the Executive, to the most recent address shown on the records of the
Company.

26.ENTIRE AGREEMENT.

This Agreement contains the entire understanding and agreement between the Parties concerning the subject matter hereof and supersedes in all respects any prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the Parties with respect thereto. Under no circumstances shall the Executive be entitled to any other payments or benefits of any kind, except for the payments and benefits described or referred to herein, unless otherwise agreed to the Company and the Executive in writing.

27.COUNTERPARTS.

This Agreement may be executed in two or more counterparts, each of which will be deemed an original.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above.

ENDURANCE INTERNATIONAL GROUP HOLDINGS, INC.

By:/s/ Hari Ravichandran     
Name: Hari Ravichandran
Title: Chief Executive Officer

EXECUTIVE:

/s/ John Orlando     
John Orlando

Schedule  I Existing Board of Directors

None

EXHIBIT A

Form of Release

[The language in this Release may change, in the discretion of the Company, based on legal developments and evolving best practices, as well as an individual employee’s circumstances; this form is provided as an example of what will be included in the final Release document.]

SEPARATION AND RELEASE AGREEMENT

1.    I, (Insert Name), hereby acknowledge that my employment by Endurance International Group (the “Company”) has ended as of (Insert Date), (the “Termination Date”). I further acknowledge that I have already received all compensation of any type whatsoever to which I am entitled through my Termination Date from the Company or from any other
“Released Party” (as that term is defined in Paragraph 4 below), including, without limitation, all wages, overtime, bonuses, commissions, and accrued but unused vacation pay.

2.    Severance Payments. In exchange for the Company’s receipt of this Release, signed by me, [and provided I do not revoke this Release in the manner specified in Paragraph 14 herein within seven (7) days after signing it,] the Company will provide to me the Severance Payments (as described in my employment agreement with the Company dated
3/27/2017 (the “Employment Agreement”) on the terms and conditions set forth therein). I agree and acknowledge that the Severance Payments constitute payments or benefits to which I would not be entitled if I did not sign this Release.  I understand that information will
be provided to me about my right to continue health benefits through the Company through the federal law known as COBRA.

3.    Release of Claims. In consideration of the Severance Payments, I, on behalf of myself, my heirs, assigns, legal representatives, successors in interest, and any person claiming through me or any of them, hereby completely release and forever discharge all “Released Parties” (as that term is defined in paragraph 4 below) from any and all claims, demands or
liabilities whatsoever, based on any act or omission occurring before my signing of this Release, including, without limitation, any claims, demands or liabilities arising out of my employment with any Released Party or the ending of such employment.  The matters released include, but are not limited to, any claim arising under: Title VII of the Civil Rights Act of 1964; the Federal Civil Rights Act of 1991; the Worker Adjustment and Retraining Notification Act of 1988; the Americans with Disabilities Act of 1990; the Federal Family and Medical Leave Act of 1993; the 

Equal Pay Act; the Ralph Civil Rights Act; the Employee Retirement Income Security Act of 1974; the Age Discrimination in Employment Act; the Older Workers’ Benefit Protection Act; the Massachusetts General Laws; the Massachusetts Fair Employment Practice Act; the Massachusetts Wage Act; any federal, state or local law, regulation or ordinance regulating wages, hours and working conditions; any action based on any alleged breach of contract, breach of the covenant of good faith and fair dealing, fraud, fraudulent inducement or any other tort; any violation of public policy or statutory or constitutional rights; any claim for severance pay, bonus or similar benefit, sick leave, pension, retirement, vacation pay, holiday pay, stock options, car allowance, life insurance, health or medical insurance, or any other fringe benefit; any claim for reimbursement of health or medical costs; and any claim for disability. Notwithstanding

anything in this release to the contrary, this release shall not effect a release of any claim I may have for post-termination rights or benefits under my Employment Agreement and any claim for indemnification from the Company under my Employment Agreement or otherwise.

4.    “Released Parties” Defined. For purposes of this Release, the term “Released Parties” means the Company, and each of its respective parents, subsidiaries and affiliates, and all of the current and former employees, officers, directors, trustees, agents, representatives, shareholders, attorneys, accountants, partners, insurers, advisors, partnerships, joint venturers, successors and assigns, employee benefit programs (and the trustees, administrators, fiduciaries and insurers of such programs) of any of them, in their individual and official capacities, and the respective heirs and personal representatives of any of them, and any other persons acting by, through, under or in concert with any of them.

5.    Release of Unknown Claims.  I understand and agree that this Release extinguishes all claims I have ever had or now have against any Released Party, whether such claim is currently known or unknown, vested or contingent, foreseen or unforeseen. I understand that if any fact concerning any matter covered by this Release is found hereafter to be other than or different from the facts I now believe to be true, I expressly accept and assume that this Release shall be and remain effective, notwithstanding such difference in the facts.

6.    No Claims. Except as permitted hereby, I agree that I will not file, nor encourage or knowingly permit another to file, any claim, charge, action, or complaint (collectively
“Claim”) concerning any matter released herein. If I have previously filed any such Claim, I agree to take all steps necessary to cause it to be withdrawn without delay; provided, however, that nothing in this Release: (i) prevents me from (a) filing a Claim with, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission or a state fair employment practices agency (except that I acknowledge that I may not recover any monetary benefits in connection with any such Claim, and I agree that if any such Claim is filed on my behalf, I shall take all reasonable steps necessary to refuse any damages or individualized relief in connection therewith), or (b) communicating with government agencies about possible violations of federal, state, or local laws or otherwise providing information to government agencies or participating in government agency investigations or proceedings; or (ii) shall limit or restrict my right to (a) challenge the validity of this Release under the ADEA, or (b) prosecute any ADEA claim if such claim arises after I sign this Release, and no such action on my part shall be deemed to violate this provision or any other provision of this Release.

7.    Release Confidential. I represent and agree that I will keep the terms of this Release, including the amount of the Severance Payments, completely confidential, and that I will not disclose such information to anyone, except as follows: (a) to my immediate family and professional representatives (provided they agree to be bound by this confidentiality provision);

(b) to any governmental authority; and (c) in response to subpoena or other legal process, provided that before making such disclosure (other than in response to a subpoena or other process issued by a government agency), I shall give the Company as much prior notice thereof as practical to enable the Company to seek, at its sole discretion, an appropriate order preventing such disclosure.

8.    Continuing Obligations. Except as otherwise permitted by Section 6 above or my Employment Agreement, I acknowledge and reaffirm my obligation to keep confidential and not

to use or disclose any and all non-public information concerning the Company that I acquired during the course of my employment with the Company, including, but not limited to, any non- public information concerning the Company’s business affairs, business prospects, and financial condition. I further acknowledge and reaffirm my confidentiality obligations set forth in the Non-Disclosure Agreement and my continuing obligations with respect to non-competition, non- solicitation, non-disparagement, and Company work product set forth in Sections 11 and 12 of my Employment Agreement, all of which remain in full force and effect.

9.    Company Affiliation. I agree that, following the Termination Date, I will not hold myself out as an officer, employee, or otherwise as a representative of the Company, and I agree to update any directory information that indicates I am currently affiliated with the Company. Without limiting the foregoing, I confirm that, within five (5) days following the Termination Date, I will update any and all social media accounts (including, without limitation, LinkedIn, Facebook, Twitter and Four Square) to reflect that I am no longer employed by or associated with the Company.

10.    Return of Company Property. I confirm that I have returned to the Company all keys, files, records (and copies thereof), equipment (including, but not limited to, computer hardware, software and printers, flash drives and storage devices, wireless handheld devices, cellular phones, smartphones, tablets, etc.), Company identification, and any other Company- owned property in my possession or control and have left intact all electronic Company documents, including but not limited to those that I developed or helped to develop during my employment. I further confirm that I have cancelled all accounts for my benefit, if any, in the Company’s name, including but not limited to, credit cards, telephone charge cards, cellular phone accounts, and computer accounts.

11.    Entire Agreement. This Release constitutes the entire agreement between the Company and me as to any matter referred to in this Release. This Release supersedes all other agreements between the Company and me. In executing this Release, I am not relying upon any agreement, representation, written or oral statement, understanding, omission, or course of conduct that is not expressly set forth in this Release.

12.    Governing Law; Arbitration. This Release shall be governed by and enforced in accordance with the laws of the State of Massachusetts, without regard to its conflicts of law principles. I acknowledge that I previously agreed, pursuant to Section 14 of my Employment Agreement, to arbitrate any claim relating to or arising out of my employment with the Company, and I acknowledge and affirm that such provision survives my termination from employment with the Company. For clarification, but not limitation, I further acknowledge and agree that any controversy or claim arising out of or in any way relating to this Release or the breach thereof shall also be settled by final and binding arbitration, consistent with the terms, procedures, and exceptions set forth in Section 14 of the Employment Agreement. I understand and agree that this arbitration provision shall not apply to claims brought in a court of competent jurisdiction by either me or any Released Party to compel arbitration under this provision, to 

enforce an arbitration award or to obtain preliminary injunctive and/or other equitable relief in support of claims that may be prosecuted in an arbitration by me or any Released Party.

13.    Successors and Assigns. This Release will bind and inure to the benefit of the successors, assigns, heirs and personal representatives of the Released Parties and me.

14.    Review Period. I acknowledge that prior to signing this Release, I have been advised to consult with an attorney of my choice to review the Release, and have taken such opportunity to the extent I wish to do so. I further acknowledge that the Company has given me at least twenty-one (21) days to decide whether I wish to execute this Release.

15.    Revocation. I understand that I may revoke this Release at any time during the seven (7) days after I sign it (the “Last Revocation Day”), and that the Release shall not become effective until the end of that revocation period. I understand and agree that by executing, timely returning, and not revoking this Release, I am waiving any and all rights or claims I might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and that I have received consideration beyond that to which I was previously entitled. In the event I choose to revoke the Release, such revocation must be by means of a writing signed by me and delivered within the seven (7) day revocation period as follows: via facsimile or hand-delivery to Pam Clark at Endurance International Group., 10 Corporate Drive
#300, Burlington, Massachusetts 01803 or by facsimile number (602) 258-0588. If I revoke this Release via facsimile, I agree that my facsimile signature will be valid and binding for all purposes.

16.    Modification in Writing. No provision of this Release may be modified, amended or waived except by a writing signed by me and an authorized representative of the Company.

17.    No Admission of Liability. This Release shall not at any time or for any purpose be deemed an admission of liability of any kind by any Released Party. This Release may not be used or introduced as evidence in any legal proceeding, except to enforce or challenge its terms.

18.    Headings. The headings, titles and captions contained in this Release are inserted only for the convenience of the parties and for reference, and in no way define, limit, extend or describe the scope of this Release or the intent of any provision hereof.

19.    Severability. If any provision of this Release shall, for any reason, be held by a court or other tribunal of competent jurisdiction to be invalid, void or unenforceable, in whole or in part, such adjudication shall in no way affect any other provisions of this Release or the validity or enforcement of the remainder of this Release, and any provision thus affected shall itself be modified only to the extent necessary to bring the provision within the applicable requirements of the law.

20.    Timely Execution. To receive the Severance Payments, I must sign this Release on or after my Last Day Worked, and return it to the Company within twenty-one (21) days of my Last Day Worked, as follows: hand delivery or first-class mail to Pam Clark at Endurance 

International Group., 10 Corporate Drive #300, Massachusetts 01803 or by facsimile number (602) 258-0588.

Sincerely,

The Endurance International Group, Inc.

By: _       Its:      

EMPLOYEE'S ACCEPTANCE OF RELEASE

I have read this Release and I understand all of its terms. I acknowledge and agree that this Release is executed voluntarily, without coercion, and with full knowledge of its significance. I further acknowledge that I have been given twenty-one (21) days during which to decide whether to execute this Release, and have used that time to the extent I wish to do so. I understand that my execution of this Release constitutes a full, unconditional general release of any and all known or unknown claims that I may have against any Released Party, despite the fact that I may become aware of claims in the future which I did not consider prior to signing this Release.

Date:              
(Insert Employee Name)Exhibit

FIFTH AMENDMENT TO LEASE

This Fifth Amendment to Lease (this “Amendment”) is made as of January 26, 2017 (the “Fifth Amendment Effective Date”) by and between BURLINGTON CENTRE OWNER LLC, a Delaware limited liability company (“Landlord”), and THE ENDURANCE INTERNATIONAL GROUP, INC., a Delaware corporation (“Tenant”).

RECITALS

A. Landlord and Tenant entered into that certain Gross Lease dated as of May 17, 2012, pursuant to which Tenant leases certain space consisting of approximately 38,062 rentable square feet located on the third (3rd) floor of that certain office building located at 10 Corporate Drive, Burlington, Massachusetts (the “Building”), as amended by that certain First Amendment to Lease dated as of June 13, 2013, pursuant to which Tenant leases an additional 21,417 rentable square feet located on the second (2nd) floor of the Building (the “Expansion Premises”), as further amended by that Second Amendment to Lease dated as of March 28, 2014, as further amended by that certain Third Amendment to Lease dated as of September 24, 2014, and as further amended by that certain Fourth Amendment to Lease dated as of November 14, 2015 (the “Fourth Amendment”; as amended, the “Original Lease”), pursuant to which Tenant leases an additional 17,177 rentable square feet located on the second 2nd floor of the Building (the “Second Expansion Premises”). 

B.Tenant desires to expand the leased premises by approximately Thirty-Eight Thousand One Hundred Fifty-One (38,151) rentable square feet on the first floor of the Building;

C.Landlord and Tenant hereby desire to amend the Original Lease to provide for the leasing of such additional space to Tenant on the terms and conditions set forth herein. 

D.The Original Lease, as amended by this Amendment, shall be referred to herein as the “Lease”.  Any capitalized terms used herein not otherwise defined shall have the respective meanings ascribed to them in the Original Lease.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree as follows:

1.    New Definitions.  All defined terms in this Amendment are hereby incorporated by reference into the Lease and shall have the meanings assigned herein.  Without limiting the foregoing, the Lease is hereby amended to include the following definitions in Section 1 thereof:

(a)Third Expansion Commencement Date – Phase I.  The earlier to occur of (i) the Third Expansion Rent Commencement Date – Phase I and (ii) the date on which Substantial Completion of the Third Expansion Premises – Phase I occurs.

(b)Third Expansion Commencement Date – Phase II.  The later to occur of (i) the date on which Substantial Completion of the Third Expansion Premises – Phase II occurs and (ii) March 1, 2018, unless Tenant occupies the Third Expansion Premises – Phase II for business prior to March 1, 2018, in which case, the Third Expansion Commencement Date – Phase II shall occur on the date that Tenant commences such business operations in the Third Expansion Premises – Phase II.

(c)Third Expansion Improvements.  Those alterations or improvements to the Third Expansion Premises as are depicted on the Third Expansion Plans and Specifications.

(d)Third Expansion Plans and Specifications.  Those certain plans and specifications for each the Phase I and Phase II portions of the Third Expansion Improvements and any modifications to such 

        

Third Expansion Plans and Specifications approved in accordance with the terms hereof, which such Third Expansion Plans and Specifications shall be materially consistent with the Second Expansion Plans and Specifications for the Second Expansion Premises as set forth in the Fourth Amendment.  

(e)Third Expansion Premises.  The Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II, consisting of approximately Thirty-Eight Thousand One Hundred Fifty-One (38,151) rentable square feet.

(f)Third Expansion Premises – Phase I. The portion of the Building located on the first (1st) floor of the Building and depicted on the approved Space Plan, consisting of approximately Twenty Thousand Six Hundred Thirty-Five (20,635) rentable square feet as measured in accordance with the Lease.  

(g)Third Expansion Premises – Phase II. The portion of the Building located on the first (1st) floor of the Building and depicted on the approved Space Plan, consisting of approximately Seventeen Thousand Five Hundred Sixteen (17,516) rentable square feet as measured in accordance with the Lease.  

(h)Third Expansion Rent Commencement Date – Phase I.  June 1, 2017.

		
	(i)
	Third Expansion Rent Commencement Date – Phase II.  March 1, 2018.

(j)Third Expansion Tenant Improvement Allowance.  The maximum amount, if any, to be incurred or funded by Landlord to construct the Third Expansion Improvements, which shall not exceed the amount of Two Million Ninety-Eight Thousand Three Hundred and Five and 00/100 Dollars ($2,098,305.00).

2.    Amendment of Certain Definitions.  The Lease is hereby amended by deleting from Section 1 thereof the definitions of Base Rent, Premises and Tenant’s Pro Rata Share, and substituting in their place the following:

(a)Premises.  For all period during the Lease Term: (i) prior to the Third Expansion Commencement Date – Phase I and the Third Expansion Premises Commencement Date – Phase II, Premises shall mean and refer to the Initial Premises, the Expansion Premises and the Second Expansion Premises; (ii) prior the Third Expansion Commencement Date – Phase II, Premises shall mean and refer to the Initial Premises, the Expansion Premises, the Second Expansion Premises and the Third Expansion Premises – Phase I; and (iii) from and after the Third Expansion Premises Commencement Date – Phase II, Premises shall mean and refer to the Initial Premises, the Expansion Premises, the Second Expansion Premises, the Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II, containing an aggregate of approximately one hundred fourteen thousand eight hundred and seven (114,807) rentable square feet located on the first, second and third floors of the Building.  

(b)Tenant’s Pro Rata Share.  Commencing as of January 1, 2017, Tenant’s Pro Rata Share with respect to: (i) the Initial Premises is 38,062/114,807 = thirty-three and fifteen one-hundredths percent (33.15%); (ii) the Expansion Premises is 21,417/114,807 = eighteen and sixty-five one-hundredths percent (18.65%); (iii) the Second Expansion Premises is 17,177/114,807 = fourteen and ninety-seven one-hundredths percent (14.97%); (iv) the Third Expansion Premises – Phase I is 20,635/114,807 = seventeen and ninety-seven one-hundredths percent (17.97%); and (v) the Third Expansion Premises – Phase II is 17,516/114,807 = fifteen and twenty-six one-hundredths percent (15.26%).  As of any particular date, the aggregate Tenant’s Pro Rata Share for the entire Premises shall be a fraction, the numerator of which is the aggregate rentable square footage of the entire Premises and the denominator of which is the total rentable square footage of the Building.
    
3.    Lease Term.  The Lease is hereby amended by adding the following text to the definition of “Lease Term” in Section 1 thereof:  “The Lease Term for the Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II shall commence on the Third Expansion Commencement Date – Phase I and the Third Expansion Commencement – Phase II, respectively, and end on March 31, 2026.”

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4.    Base Rent.  The Lease is hereby amended by adding the following table setting forth the monthly amount of Base Rent payable for the Third Expansion Premises immediately after the table setting forth the Base Rent payable for the Second Expansion Premises (the Base Rent payable pursuant to the terms of the Lease for the Premises being the aggregate of the Base Rent payable pursuant to the tables for the Initial Premises, the Expansion Premises, and the Second Expansion Premises as set forth in the Lease, and the tables for the Third Expansion Premises, as set forth below).   In the event of a Landlord Delay in connection with Landlord’s approval of the Space Plan and the Plans and Specifications as set forth in Section 5, then the Third Expansion Premises Rent Commencement Date – Phase I shall be extended by the number of days of such Landlord Delay.  

	
					
	Third Expansion Premises – Phase I

	Applicable Portion of Lease Term
	Rate Per/Rentable
Sq. Ft./Annum
	Annual Base
Rent
	Monthly Base
Rent Installment
(Annual ÷ 12)

	Beginning
	Ending

	Third Expansion Premises Rent Commencement Date – Phase I
	

May 31, 2018
	

$34.50
	$711,907.50
	$59,325.63

	June 1, 2018
	May 31, 2019
	$35.50
	$732,542.50
	$61,045.21

	June 1, 2019
	May 31, 2020
	$36.50
	$753,177.50
	$62,764.79

	June 1, 2020
	May 31, 2021
	$37.50
	$773,812.50
	$64,484.38

	June 1, 2021
	May 31, 2022
	$38.50
	$794,447.50
	$66,203.96

	June 1, 2022
	May 31, 2023
	$39.50
	$815,082.50
	$67,923.54

	June 1, 2023
	May 31, 2024
	$40.50
	$835,717.50
	$69,643.13

	June 1, 2024
	May 31, 2025
	$41.50
	$856,352.50
	$71,362.71

	June 1, 2025
	March 31, 2026
	$42.50
	$876,987.50
	$73,082.29

	
					
	Third Expansion Premises – Phase II

	Applicable Portion of Lease Term
	Rate Per/Rentable
Sq. Ft./Annum
	Annual Base
Rent
	Monthly Base
Rent Installment
(Annual ÷ 12)

	Beginning
	Ending

	Third Expansion Premises Rent Commencement Date – Phase II
	

May 31, 2018
	

$34.50
	$604,302.00
	$50,358.50

	June 1, 2018
	May 31, 2019
	$35.50
	$621,818.00
	$51,818.17

	June 1, 2019
	May 31, 2020
	$36.50
	$639,334.00
	$53,277.83

	June 1, 2020
	May 31, 2021
	$37.50
	$656,850.00
	$54,737.50

	June 1, 2021
	May 31, 2022
	$38.50
	$674,366.00
	$56,197.17

	June 1, 2022
	May 31, 2023
	$39.50
	$691,882.00
	$57,656.83

	June 1, 2023
	May 31, 2024
	$40.50
	$709,398.00
	$59,116.50

	June 1, 2024
	May 31, 2025
	$41.50
	$726,914.00
	$60,576.17

	June 1, 2025
	March 31, 2026
	$42.50
	$744,430.00
	$62,035.83

5.    Third Expansion Space Plan; Third Expansion Plans and Specifications.  

(a)    Third Expansion Space Plan.  Tenant shall select with the prior approval of Landlord, not to be unreasonably withheld or delayed, a mutually agreed upon architectural firm through a competitive bidding 

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process coordinated by Tenant with no less than three (3) quotes (the “Architect”) to prepare draft of the space plan for the Third Expansion Premises (the “Space Plan”).  Tenant shall (subject to reimbursement out of the Third Expansion Tenant Improvement Allowance as set forth below) cause the Architect to prepare and submit to Landlord for Landlord’s review, the Space Plan.  The Space Plan shall be materially consistent with the Second Expansion Space Plan for the Second Expansion Premises, as set forth in the Fourth Amendment.  Landlord shall approve or disapprove the Space Plan within five (5) business days after submittal by Tenant.  If Landlord disapproves the Space Plan, Landlord shall explain in reasonable detail the reason for such disapproval.  Landlord and Tenant shall work together to resolve Landlord’s objections provided that, in all events, Landlord’s approval is required.  Landlord shall contribute an amount equal to the lesser of (i) the actual third party cost to prepare the Space Plan and (ii) $0.10 per rentable square foot toward the cost of Tenant’s Space Plan preparation, which amount shall be in addition to the Tenant Improvement Allowance outlined in Paragraph 6 and payable after the Space Plan has been approved by Landlord within thirty (30) days after Landlord’s receipt of a written invoice from Tenant for the same.

(b)    Third Expansion Plans and Specifications.  Upon Landlord’s approval of the Space Plan, Tenant shall cause Architect to prepare and submit to Landlord for Landlord’s review, draft Third Expansion Plans and Specifications.  The Third Expansion Plans and Specifications shall be materially consistent with the Space Plan and the Second Expansion Plans and Specifications for the Second Expansion Premises, as set forth in the Fourth Amendment.  Landlord shall approve or disapprove the Third Expansion Plans and Specifications within five (5) business days after submittal by Tenant.  If Landlord disapproves the Third Expansion Plans and Specifications, Landlord shall explain in reasonable detail the reason for such disapproval.  Landlord and Tenant shall work together to resolve Landlord’s objections provided that, in all events, Landlord’s approval is required.  

(c)    Landlord Delay.  If Landlord fails to approve or reject (with a detailed explanation for such rejection) any submissions of the Space Plan or Third Expansion Plans and Specifications submitted by or on behalf of Tenant, in each case, within five (5) business days of receipt of such written request to approve the same, then Tenant shall send a second written notice (which such second written notice shall include a copy to Larry Lenrow (llenrow@TheDavisCompanies.com)), and in the event Landlord fails to approve or reject (with a detailed explanation for such rejection) within two (2) business days after second notice, such failure to approve or reject by Landlord shall constitute a “Landlord Delay”.  

6.     Construction of Third Expansion Improvements.

(a)    Third Expansion Premises Construction Budget. After Landlord’s approval of the Space Plan and the Third Expansion Plans and Specifications, Tenant shall cause the preparation of an estimate of the costs and expenses to construct the Third Expansion Improvements for the Third Expansion Premises in accordance with the approved Third Expansion Plans and Specifications.  The cost estimate will include the actual costs quoted by no less than three (3) contractors competitively bid by Tenant.  The cost estimate will separately state the Landlord construction management fee of three percent (3%) of the Third Expansion Tenant Improvement Allowance to be utilized for the Third Expansion Improvements to have Landlord manage the Third Expansion Improvements (the “Construction Management Fee”), which shall be deducted monthly based on the percentage of construction completed, commencing on the first day of the calendar month immediately following the date on which the Third Expansion Improvements are commenced.  If the quoted estimated cost to construct both the Third Expansion Improvements in the Space Plan exceeds the total of Third Expansion Tenant Improvement Allowance, Tenant may cause the Architect to alter the Space Plan, provided, however, any such requests for changes to a Space Plan or requests the inclusion of materials or installations in the construction of the Third Expansion Improvements that delays the construction of the Third Expansion Improvements shall not extend the Third Expansion Premises Rent Commencement Date – Phase I or the Third Expansion Premises Rent Commencement Date – Phase II.  Costs associated with any engineered required plans, construction drawings, and/or as-built drawings for the Third Expansion Premises and the Construction Management Fee shall be included in the fees or costs itemized and deducted from the Third Expansion Tenant Improvement Allowance.  Tenant shall select with the prior approval of Landlord, not to be unreasonably withheld or delayed, a mutually agreed upon general contractor after a 

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competitive bidding process with no less than three (3) quotes.  Tenant shall send summaries of all bids to Landlord.  Tenant shall finalize the final cost to construct the Third Expansion Improvements in accordance with the Space Plan (the “Expansion Space Estimated Final Cost”) and, to the extent such cost exceeds the Third Expansion Tenant Improvement Allowance (the “Excess Amount”), Tenant shall have the right to make changes to the Space Plan as set forth above to limit the Excess Amount.  The Excess Amount, if applicable, shall be funded by Tenant and paid to Landlord as follows: one-third (1/3) within thirty (30) days after Landlord’s approval of the Space Plan; one-third (1/3) sixty (60) days after Landlord’s approval of the Space Plan; and one-third (1/3) of the Excess Amount, ninety (90) days after Landlord’s approval of the Space Plan.  Tenant shall be responsible for 100% of the payment of any additional costs or charges related to any change orders; provided, Landlord shall be required to reasonably approve any changes to the Space Plans or Third Expansion Premises Plans and Specifications.  Except as set forth in Section 6(b), Tenant shall not be entitled to any cost savings or reimbursement in the event the actual costs and expenses to plan and construct the Third Expansion Improvements are less than the Third Expansion Tenant Improvement Allowance.  Tenant shall not have the right to use any portion of the Third Expansion Tenant Improvement Allowance for the Premises, Expansion Premises or Second Expansion Premises.  In no event shall more than fifteen percent (15%) of the Third Expansion Tenant Improvement Allowance be used toward the cost of the architectural and engineering services needed to prepare the Third Expansion Plans and Specifications and the Space Plans, moving expenses, signage, permit fees, architect fees, wiring and cabling, furniture, data, telephone, audio-visual, security, WiFi, “white noise”, internet and video systems, including, without limitation, any specialized supplemental cooling systems for any serve room or for any of the communications systems or other special rooms.  

(b)     Unused Third Expansion Tenant Improvement Allowance. In the event Tenant does not use the entire Third Expansion Tenant Improvement Allowance for permitted Third Expansion Improvements by the earlier to occur of (i) May 1, 2018 and (ii) ninety (90) days after the Substantial Completion of the entire Third Expansion Premises, except to the extent expressly set forth in this Section 6(b), any portion of the Third Expansion Tenant Improvement Allowance that is not used before such date shall be deemed forfeited by Tenant without any recourse to Landlord.  Tenant shall have no right to receive a payout of any unused Third Expansion Tenant Improvement Allowance, but it shall have the right to credit not more than ten percent (10%) of any unused portion of the Third Expansion Tenant Improvement Allowance toward Base Rent, provided Tenant (i) is not otherwise in default pursuant to the terms of the Lease and (ii) provides written notice to Landlord of Tenant’s desire to utilize such rent credit prior to the earlier to occur of (1) May 1, 2018 and (2) ninety (90) days after the Substantial Completion of the entire Third Expansion Premises, in which event the rent credit shall be applied on the immediately following month and shall continue until such rent credit has been applied in full.  In the event Tenant shall be entitled to a rent credit for the partial amount of Base Rent payable with respect to any month, Tenant shall promptly pay the balance of the Base Rent for such month in accordance with the terms of the Lease.

(c)    Changes to Space Plan.  Neither Tenant nor Landlord shall make material changes to the approved Space Plan or the work reflected in the approved Space Plan without the written consent of the other party, which consent shall not be unreasonably withheld, conditioned or delayed provided such changes do not materially alter the ability of the Tenant to use the Third Expansion Premises as intended, and do not increase the amount of the Excess Amount.  Tenant shall have the right, at Tenant’s sole cost and expense, to have its construction representative at the Third Expansion Premises and the Initial Premises, Expansion Premises and Second Expansion Premises at all times during the construction of the Third Expansion Improvements to review and monitor the performance of same; provided, however, Tenant’s construction representative shall not interfere with or delay the construction of any portion of the Third Expansion Improvements.  

         (d)      Removal of Third Expansion Improvements. Except for items addressed below, Tenant will have no obligation to remove its initial standard office Leasehold Improvements at the expiration or earlier termination of the Lease, which are approved by Landlord in advance at the time of Landlord’s approval of the Space Plan or upon submission of future requests to alter the Third Expansion Premises. Tenant agrees that all specialty equipment and alterations, such as lab/computer/server rooms, supplemental HVAC, 

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generators, UPS, staircases, raised floors, specialty conduits, private bathrooms, shower rooms, Tenant specific, non-standard office buildout items, and any alterations to the portions of the Third Expansion Premises which are currently common areas (e.g. the lobby of the Building, common hallways and common area bathrooms), shall be removed by Tenant at Landlord’s sole discretion upon surrender; provided, however, with respect to the lobby, Tenant shall not be obligated to restore the lobby of the Building to its original condition, but Tenant shall be obligated to remove any moveable partitions, trade fixtures, moveable equipment or furniture, including, without limitation, the reception desk, at the expiration of earlier termination of the Lease. In any event, Landlord hereby requires Tenant to remove any wiring and cabling installed by Tenant, including, without limitation, the Third Expansion Improvement Systems (as defined below).  All unattached and moveable partitions, trade fixtures, moveable equipment or furniture located in the Premises and acquired by or for the account of Tenant which can be removed without material damage to the Building or Premises, and all personal items brought into the Premises by Tenant shall be owned by Tenant and will be removed by Tenant subject to and in accordance with Paragraph 4.7 of the Original Lease, including but not limited to all servers, server racks, generators, supplemental HVAC units, furniture, phone and TV systems.

         (e)    Substantial Completion.  Landlord shall cause the Substantial Completion of each Phase I and Phase II of the Third Expansion Improvements.  Landlord and Tenant acknowledge and agree that Landlord may achieve or cause the achievement of the Substantial Completion on a phased basis.  For the purposes of this Amendment, “Substantial Completion” shall mean (i) the completion of the applicable Phase I or Phase II portion of the Third Expansion Improvements, subject only to the Final Punchlist (as defined below) and other uncompleted elements of construction, decoration, painting, millwork or other work and mechanical adjustment, and (ii) the issuance of a certificate of occupancy (or its equivalent) for the applicable Phase I or Phase II portion of the Third Expansion Premises for the Permitted Use and a certification signed by the Architect certifying that the applicable Phase I or Phase II portion of the Third Expansion Improvements have been completed in accordance with the Space Plan; provided, however, if Landlord is unable to obtain such certificate of occupancy (or its reasonable equivalent) by virtue of the fact that Tenant has not yet completed the installation of its Third Expansion Improvement Systems in the applicable Phase I or Phase II portion of the Third Expansion Improvements or for any other reason beyond the reasonable control of Landlord, then the applicable Phase I or Phase II portion of the Third Expansion Improvements shall be deemed Substantially Complete upon the certification of the Architect as stated in subsection (i), above, notwithstanding anything to the contrary in the foregoing.  
(f)    Third Expansion Improvement Systems.  Tenant shall substantially complete the installation of Tenant’s data, telephone, audio-visual, internet and video systems and Tenant’s furniture and furniture systems (collectively, the “Third Expansion Improvement Systems”) in the Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II, as applicable, at Tenant’s expense.  Tenant shall be permitted to coordinate the installation of the Third Expansion Improvement Systems at the same time as Landlord is coordinating the Third Expansion Improvements as long as Tenant does not unreasonably interfere in any way with the construction process (by causing disharmony of labor relations at the Property, scheduling or coordination difficulties, etc.).  In no event shall the Third Expansion Improvements include any Third Expansion Improvement Systems, the responsibility of which shall be Tenant’s.  Tenant acknowledges that the ability to obtain the certificate of occupancy for the applicable Phase I or Phase II portion of the Third Expansion Premises depends upon the completion of all or a portion of Third Expansion Improvement Systems.  Prior to the Third Expansion Commencement Date – Phase I or the Third Expansion Premises – Phase II, as applicable, Tenant shall comply with and perform, and shall cause its employees, agents, contractors, subcontractors, material suppliers and laborers to comply with and perform, all of Tenant’s obligations under the Lease and this Amendment.  In all events, Tenant shall indemnify Landlord in the manner provided in the Lease against any claim, loss or cost arising out of any interference with, or damage to, the Third Expansion Improvements or any other work in the Building, or any delay thereto, or any increase in the cost thereof on account in whole or in part of any act, omission, neglect or default by Tenant or any Tenant contractor.  
(g)    Final Punchlist Items. Prior to Substantial Completion, Tenant shall cause the Architect to inspect the applicable Phase I or Phase II portion of the Third Expansion Improvements and prepare a list 

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of the customary punchlist type items, and any items of a seasonal nature, then remaining to be completed (the “Final Punchlist”) and Tenant shall cause such Final Punchlist to be completed in a diligent manner.  If Tenant has elected to have Landlord manage the Third Expansion Improvements, then (i) the Final Punchlist work shall take place during regular business hours, but in a manner which will seek to minimize interruption of Tenant’s use and occupancy of the Premises, (ii) Landlord shall endeavor to complete all punch list work within thirty (30) days (or such longer period as is reasonably required with respect to applicable items), other than matters that cannot be completed owing to their seasonal nature, and subject to extension for Force Majeure and delays caused by Tenant, and (iii) any disputed Final Punchlist items identified as such during preparation of the Final Punchlist shall be completed by Landlord as aforesaid within thirty (30) days, subject to Landlord’s right to dispute whether such disputed items constitute a change to the applicable Phase I or Phase II portion of the Third Expansion Improvements.  
(h)    Commencement of Base Rent Payments. Except due to a Landlord Delay in connection with the approval of the Space Plan and Third Expansion Plans and Specifications, if the applicable Phase I or Phase II portion of the Third Expansion Improvements have not been Substantially Completed by the Third Expansion Premises Rent Commencement Date – Phase I or the Third Expansion Premises Rent Commencement Date – Phase II, respectively, then Landlord shall not be subject to any penalty, claim or liability nor shall the validity of this Lease or the obligations of Tenant hereunder be in any way affected and Tenant shall be obligated to commence paying Base Rent for the Phase I or Phase II portion, as applicable.  In no event shall Tenant occupy the Third Expansion Premises – Phase II prior to March 1, 2018.  

(i)    Additional Rent Prior to Base Rent Commencement. At all times between the Third Expansion Commencement Date – Phase I and the Third Expansion Rent Commencement Date – Phase II, Tenant shall be responsible for direct payment of electricity, any other separately metered utilities, and any other Additional Rent due and payable with respect to Third Expansion Premises – Phase I.  In no event shall Tenant be permitted to occupy the Third Expansion Premises – Phase II prior to the Third Expansion Commencement Date – Phase II, and, as such, shall not be responsible for the payment of electricity, any other separately metered utilities, and any other Additional Rent due and payable with respect to Third Expansion Premises – Phase II until the Third Expansion Commencement Date – Phase II.

(j)    Intentionally deleted. 

(k)    Landlord’s Capital Improvements in Office Park. Landlord shall use commercially reasonable efforts in connection with the construction of the Third Expansion Improvements, the Road Construction and the Parking Configuration to not unreasonably interfere with Tenant’s on-going operations at the Premises, including parking, ingress and egress.  Tenant acknowledges that noise, vibrations, disturbance, relocation of Building access, and the temporary relocation of parking, ingress and egress shall not entitle Tenant to any rent abatement or to terminate this Lease.  Except as otherwise expressly provided in the Lease, Landlord shall have no liability to Tenant nor shall Tenant’s obligations under this Lease be reduced or abated in any manner whatsoever by reason of any inconvenience, annoyance, interruption or injury to business arising from the Third Expansion Improvements, the Road Construction and the Parking Configuration. 

7.    Operating Costs; Property Taxes; Base Year.  For any period during the Lease Term that the Premises consists of the Initial Premises, the Expansion Premises, the Second Expansion Premises, the Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II, Tenant shall pay Estimated Operating Costs Allocable to the Premises, Operating Costs Allocable to the Premises, Estimated Property Taxes Allocable to the Premises, and Property Taxes Allocable to the Premises with respect to the Initial Premises, the Expansion Premises, the Second Expansion Premises and the Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II, subject to the terms set forth herein.  Notwithstanding anything to the contrary contained herein and/or in the Lease, at Landlord’s option Tenant’s payment for Estimated Operating Costs Allocable to the Premises, Operating Costs Allocable to the Premises, Estimated Property Taxes Allocable to the Premises, and Property Taxes Allocable to the Premises shall be calculated and payable separately for the Initial Premises, the Expansion Premises, the Second Expansion 

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Premises and the Third Expansion Premises – Phase I and the Third Expansion Premises – Phase II in the same manner that such amounts are calculated and payable for the Premises as provided in the Lease, provided that (a) the Base Year applicable to the Initial Premises shall be calendar year 2013 as provided in the Lease, (b) the Property Tax Base amount applicable to the Initial Premises shall be Tenant’s Pro Rata Share (based solely upon the Initial Premises) of the Property Taxes payable for fiscal tax year 2013 (beginning July 1, 2012 and ending June 30, 2013), (c) the Base Year applicable to the Expansion Premises shall be calendar year 2014, (d) the Property Tax Base amount applicable to the Expansion Premises shall be Tenant’s Pro Rata Share (based solely upon the Expansion Premises) of the Property Taxes payable for fiscal tax year 2014 (beginning July 1, 2013 and ending June 30, 2014), (e) the Base Year applicable to the Second Expansion Premises shall be calendar year 2015, (f) the Property Tax Base amount applicable to the Second Expansion Premises shall be Tenant’s Pro Rata Share (based solely upon the Second Expansion Premises) of the Property Taxes payable for fiscal tax year 2015 (beginning July 1, 2014 and ending June 30, 2015), (g) the Base Year applicable to the Third Expansion Premises shall be calendar year 2017, and (f) the Property Tax Base amount applicable to the Third Expansion Premises shall be Tenant’s Pro Rata Share (based solely upon the Third Expansion Premises) of the Property Taxes payable for fiscal tax year 2017 (beginning July 1, 2016 and ending June 30, 2017). 

8.    Parking.  As of the Fifth Amendment Effective Date, Tenant’s Parking Ratio (as defined in Section 1 of the Lease) shall be changed from 4.0 stalls per 1,000 rentable square feet of the Premises to 3.5 stalls per 1,000 rentable square feet of the Premises.  The definition of Parking Ratio shall be amended to replace “4.0” with “3.5”.  Notwithstanding the foregoing, Tenant shall have a minimum of 427 parking spaces.

9.    Road Construction; Parking Configuration.  Tenant hereby acknowledges that Landlord intends to create a second access point for ingress to Burlington Centre office park and reconfigure the existing parking in the 10 Corporate Drive parking area, in the locations set forth on the plan attached as Fifth Amendment – Exhibit B (the “New Road and Parking Plan”).  Landlord shall have the right to construct the New Road and, in doing so, may remove fifty-two (52) parking spaces from the 10 Corporate Drive parking area, which such parking spaces shall be replaced as set forth in the New Road and Parking Plan.  Tenant acknowledges that noise, disturbance, relocation of Building access, and the temporary disruption parking shall not entitle Tenant to any rent abatement or to terminate this Lease, provided Tenant at all times has access to and from the Building and Landlord maintains Tenant’s parking allocation (as the same may be reduced pursuant to Section 8 of this Amendment).  Except as otherwise expressly provided in the Lease, Landlord shall have no liability to Tenant nor shall Tenant’s obligations under this Lease be reduced or abated in any manner whatsoever by reason of any inconvenience or annoyance arising from Landlord’s capital projects. Landlord shall use reasonable efforts to minimize any interference with Tenant’s business in the Premises due to Landlord completing the New Road.  Tenant’s final 427 parking spaces shall be located as set forth on the Fifth Amendment – Exhibit A.

10.    Brokers.  Tenant was represented in the transaction evidenced by this Amendment by Jones Lane LaSalle, a licensed real estate broker.  Landlord was represented in the transaction evidenced by this Amendment by CB Richard Ellis – N.E. Partners, LP, a licensed real estate broker and certain representatives of Landlord.  Landlord and Tenant warrant to each other that they have had no dealings with any broker, agent or finder in connection with this Amendment except as set forth above.  Landlord shall be responsible for paying any commission or fee owed to Landlord’s broker, CB Richard Ellis – N.E. Partners, LP, in connection with this Amendment and Landlord shall be responsible for the payment of any commission or fee owed to Jones Lang LaSalle in connection with this Amendment pursuant to a separate written agreement.  Each party hereto agrees to protect, indemnify and hold harmless the other from and against any and all expenses with respect to any compensation, commissions and charges claimed by any other broker, agent or finder not identified above with respect to this Amendment or the negotiation thereof that is made by reason of any action or agreement by such party.  

11.    Lease Ratification.  This instrument and all of the terms and provisions hereof shall be considered for all purposes to be incorporated into and made part of the Original Lease.  The Original Lease 

8
        

and each provision, covenant, condition, obligation, right and power contained therein is hereby ratified and confirmed, and, as modified hereby, shall continue in full force and effect.  All references appearing in the Original Lease and in any related instruments shall be amended and read hereafter to be references to the Original Lease as amended by this Amendment.  In the event of any inconsistencies or conflicts between other provisions of the Original Lease and the provisions of this Amendment, the provisions hereof shall govern and control.  Except as specifically amended in this Amendment, the Lease is and shall remain in full force and effect and has not been amended, modified, terminated or assigned.

12.    Independence of Covenants.  Landlord’s and Tenant’s covenants in the Lease are independent and, without limiting the generality of the foregoing, Tenant acknowledges that its covenant to pay Base Rent and Additional Rent is independent of Landlord’s obligations under the Lease, and that in the event that Tenant shall have a claim against Landlord, Tenant shall not have the right to deduct the amount allegedly owed to Tenant from any Base Rent or Additional Rent due under the Lease, it being understood that Tenant’s sole remedy for recovering upon such claim shall be to bring an independent legal action against Landlord.

13.    Authority.  Each party represents and warrants to the other that such party and the person signing on its behalf are duly authorized to execute and deliver this Amendment and that this Amendment constitutes its legal, valid and binding obligation.  

14.    Counterparts; Electronic Signatures.  This Lease may be executed in counterparts, including both counterparts that are executed on paper and counterparts that are in the form of electronic records and are executed electronically.  An electronic signature means any electronic sound, symbol or process attached to or logically associated with a record and executed and adopted by a party with the intent to sign such record, including facsimile or e-mail electronic signatures.  All executed counterparts shall constitute one agreement, and each counterpart shall be deemed an original.  The parties hereby acknowledge and agree that electronic records and electronic signatures, as well as facsimile signatures, may be used in connection with the execution of this Lease and electronic signatures, facsimile signatures or signatures transmitted by electronic mail in so-called pdf format shall be legal and binding and shall have the same full force and effect as if an a paper original of this Lease had been delivered had been signed using a handwritten signature.  Landlord and Tenant (i) agree that an electronic signature, whether digital or encrypted, of a party to this Lease is intended to authenticate this writing and to have the same force and effect as a manual signature, (ii) intend to be bound by the signatures (whether original, faxed or electronic) on any document sent or delivered by facsimile or, electronic mail, or other electronic means, (iii) are aware that the other party will rely on such signatures, and (iv) hereby waive any defenses to the enforcement of the terms of this Lease based on the foregoing forms of signature.  If this Lease has been executed by electronic signature, all parties executing this document are expressly consenting under the Electronic Signatures in Global and National Commerce Act (“E-SIGN”), and Uniform Electronic Transactions Act (“UETA”), that a signature by fax, email or other electronic means shall constitute an Electronic Signature to an Electronic Record under both E-SIGN and UETA with respect to this specific transaction.

15.     Governing Law.  This Lease and the rights and obligations of the parties hereunder shall be construed and enforced in accordance with the laws of the Commonwealth of Massachusetts.

16.    Effective Date.  The submission of this document for examination and negotiation does not constitute an offer to lease, or a reservation of, or option for, the Premises.  This Amendment shall become effective and binding only upon execution and delivery of this Amendment by all of the parties hereto and approval by Landlord's lender.

17.    Option to Renew.  Tenant’s existing Option to Renew shall be modified to allow Tenant to exercise its Option with respect to the entire Premises, including the Third Expansion Premises, or any portion of the Premises leased by Tenant at such time, provided Tenant has not assigned or subleased more than twenty-five percent (25%) of the entire Premises (i.e. the entire 114,807 rentable square foot Premises).

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SIGNATURES FOLLOW ON NEXT PAGE

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the first date written above.

LANDLORD:

BURLINGTON CENTRE OWNER LLC, a Delaware limited liability company

By:    BURLINGTON CENTRE JV LLC, a Delaware limited liability company, its sole member

    
		
	By:
	DIV FUND II GP, LLC, a Delaware limited liability company, as agent for the managing member

By:/s/ Richard McCready                
Name: Richard McCready
Title: President

and

By:    BURLINGTON GAVI MEMBER, LLC, a Delaware limited liability company, its co-managing member

		
	By: 
	PRINCIPAL REAL ESTATE INVESTORS, LLC, a Delaware limited liability company, its authorized signatory

By    /s/ Ronnie Bily                    
Name: Ronnie Bily
Title: Investment Director – Asset Management

By    /s/ Dennis J. Tinker                
Name: Dennis J. Tinker
Title: Assistant Managing Director

TENANT:

THE ENDURANCE INTERNATIONAL GROUP, INC., a Delaware corporation

By: /s/ Katherine Andreasen                
    Name: Katherine Andreasen
    Title: Chief Administrative Officer

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SECRETARY’S CERTIFICATE

I, David C. Bryson, Secretary of The Endurance Group, Inc., a Delaware corporation (the “Company”), hereby certify that Katherine Andreasen, as C.A.O. of the Company has authority to execute and deliver to Burlington Centre Owner LLC the Lease related to the building located at, known as and numbered 10 Corporate Drive, Burlington, Massachusetts, a copy of which Lease is attached hereto and made a part hereof on behalf of the Company.

Witness my signature on this 10th day of January, 2017.

The Endurance International Group, Inc.

By: /s/ David C. Bryson            
Name: David C. Bryson
Title:  Secretary
    

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Fifth Amendment – Exhibit A

New Road and Parking Plan

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