Document:

Exhibit
4.2

 

Synchronoss
Technologies, Inc.

and

The Bank of New York Mellon Trust Company, N.A.,

as Trustee

 

FIRST
SUPPLEMENTAL INDENTURE

 

Dated
as of June 30, 2021

 

to
the Indenture dated as of June 30, 2021

 

8.375%
Senior Notes due 2026

 

    

     

    

 

Table
of Contents

 

	 	Page
	ARTICLE
    1. APPLICATION OF FIRST SUPPLEMENTAL INDENTURE	2
	 	 
	Section
    1.1.	Application
    of First Supplemental Indenture.	2
	 	 	 
	ARTICLE
    2. DEFINITIONS	2
	 	 
	Section
    2.1.	Certain
    Terms Defined in the Base Indenture.	2
	 	 	 
	Section
    2.2.	Definitions.	2
	 	 	 
	ARTICLE
    3. FORM AND TERMS OF THE NOTES	3
	 	 
	Section
    3.1.	Form
    and Dating.	3
	 	 	 
	Section
    3.2.	Terms
    of the Notes.	4
	 	 	 
	Section
    3.3.	Optional
    Redemption.	5
	 	 	 
	ARTICLE
    4. CERTAIN COVENANTS	6
	 	 
	Section
    4.1.	Merger,
    Consolidation or Sale of Assets.	6
	 	 	 
	Section
    4.2.	Reporting.	7
	 	 	 
	Section
    4.3.	Payment
    of Taxes.	7
	 	 	 
	ARTICLE
    5. EVENTS OF DEFAULT	8
	 	 
	Section
    5.1.	Events
    of Default.	8
	 	 	 
	Section
    5.2.	Defaults.	8
	 	 	 
	ARTICLE
    6. MISCELLANEOUS	15
	 	 
	Section
    6.1.	Trust
    Indenture Act Controls.	15
	 	 	 
	Section
    6.2.	New
    York Law to Govern.	16
	 	 	 
	Section
    6.3.	Counterparts.	16
	 	 	 
	Section
    6.4.	Severability.	16
	 	 	 
	Section
    6.5.	Ratification.	17
	 	 	 
	Section
    6.6.	Effectiveness.	17

 

    i

     

    

 

	Section
    6.7.	Trustee
    Makes No Representation.	17
	 	 	 
	Section
    6.8.	Electronic
    Means.	18
	 	 	 
	Section
    6.9.	OFAC Certification
    and Covenants.	18

 

    ii

     

    

 

FIRST
SUPPLEMENTAL INDENTURE

 

FIRST
SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of June 30, 2021, between Synchronoss Technologies,
Inc., a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the
 “Trustee”).

 

RECITALS
OF THE COMPANY

 

WHEREAS,
the Company and the Trustee executed and delivered an Indenture, dated as of even date herewith (the “Base Indenture,”
together with this First Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from
time to time of Securities to be issued in one or more series as provided in the Indenture;

 

WHEREAS,
Section 901 of the Base Indenture provides, among other things, that the Company and the Trustee may enter into indentures supplemental
to the Base Indenture, without the consent of any Holders of Securities, to establish the form of any Security, as permitted by Section
201 of the Base Indenture, and to provide for the issuance of the Notes (as defined below), as permitted by Section 301 of the Base Indenture,
and to set forth the terms thereof;

 

WHEREAS,
the Company desires to execute this First Supplemental Indenture, pursuant to Section 201 of the Base Indenture, to establish the
form and, pursuant to Section 301 of the Base Indenture, to provide for the issuance of a series of its senior notes designated as its
8.375% Senior Notes due 2026 (the “Notes”), in an initial aggregate principal amount of $125,000,000. The Notes are
a series of Securities as referred to in Section 301 of the Base Indenture.

 

WHEREAS,
the Company has requested and hereby requests that the Trustee execute and deliver this First Supplemental Indenture;

 

WHEREAS,
the execution and delivery of this First Supplemental Indenture has been duly authorized by the Company and all things necessary
have been done by the Company to make this First Supplemental Indenture, when executed and delivered by the Company, a valid and binding
supplement to the Indenture and agreement of the Company;

 

WHEREAS,
all things necessary have been done by the Company to make the Notes, when executed by the Company and authenticated and delivered
by the Trustee in accordance with the provisions of the Indenture, the valid and binding obligations of the Company; and

 

WHEREAS,
all conditions precedent provided for in the Indenture relating to the execution and delivery of this First Supplemental Indenture have
been complied with.

 

NOW,
THEREFORE, in consideration of the premises stated herein and the purchase of the Notes by the Holders thereof, the Company and the
Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders from time to time of the Notes
as follows:

 

    1

     

    

 

ARTICLE
1. 

APPLICATION
OF FIRST SUPPLEMENTAL INDENTURE

 

Section
1.1.          Application of First Supplemental
Indenture.

 

Notwithstanding
any other provision of this First Supplemental Indenture, all provisions of this First Supplemental Indenture are expressly and solely
for the benefit of the Holders of the Notes, and any such provisions shall not be deemed to apply to any other Securities issued under
the Base Indenture and shall not be deemed to amend, modify or supplement the Base Indenture for any purpose other than with respect
to the Notes. Unless otherwise expressly specified, references in this First Supplemental Indenture to specific Article numbers or Section
numbers refer to Articles and Sections contained in this First Supplemental Indenture and not the Base Indenture or any other document.
All Initial Notes and Additional Notes, if any, shall be treated as a single class for all purposes of the Indenture, including waivers,
amendments, redemptions and offers to purchase.

 

ARTICLE
2.

DEFINITIONS

 

Section
2.1.          Certain Terms Defined in the Base
Indenture.

 

For
purposes of this First Supplemental Indenture, all capitalized terms used but not defined herein shall have the meanings ascribed to
such terms in the Base Indenture.

 

Section
2.2.          Definitions.

 

For
the benefit of the Holders of the Notes, the following terms shall have the meanings set forth in this Section 2.2:

 

“Additional
Notes” has the meaning specified in Section 3.2.b) of this First Supplemental Indenture.

 

“Business
Day” means, for any place where the principal and interest on the Notes is payable, each Monday, Tuesday, Wednesday, Thursday
and Friday which is not a day in which banking institutions in the city of New York are authorized or obligated by law, regulation or
executive order to close.

 

“Depositary”
has the meaning specified in Section 3.1.c) of this First Supplemental Indenture.

 

“Electronic
Means” shall mean the following communications methods: e-mail, facsimile transmission, secure electronic transmission containing
applicable authorization codes, passwords and/or authentication keys issued by the Trustee, or another method or system specified by
the Trustee as available for use in connection with its services under the Indenture, as supplemented by this First Supplemental Indenture.

 

“Global
Notes” means the Notes in the form of Global Securities issued to the Depositary or its nominee, substantially in the form
of Exhibit A.

 

    2

     

    

 

“Initial
Notes” has the meaning specified in Section 3.2.b) of this First Supplemental Indenture.

 

“Notes”
has the meaning specified in the recitals of this First Supplemental Indenture.

 

“OFAC”
has the meaning specified in Section 6.9.a) of this First Supplemental Indenture.

 

“Outstanding”,
when used with respect to Notes, means, as of the date of determination, all Notes theretofore authenticated and delivered under the
Indenture, except:

 

a)         Notes
theretofore canceled by the Trustee or delivered to the Trustee for cancellation;

 

b)        Notes
for whose payment or redemption money (or in the case of payment by defeasance under Section 1402 of the Base Indenture, money, U.S.
Government Obligations or both) in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than
the Company) in trust, or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent), for the
Holders of such Notes; provided that, if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to the
Indenture or provision therefor satisfactory to the Trustee has been made; and provided further, in the case of payment by defeasance
under Section 1402 of the Base Indenture, that all conditions precedent to the application of such Section shall have been satisfied;
and

 

c)        
Notes which have been paid pursuant to Section 306 of the Base Indenture or in exchange for or in lieu of which other Notes have
been authenticated and delivered pursuant to the Indenture, other than any such Notes in respect of which there shall have been presented
to the Trustee proof satisfactory to it that such Notes are held by a bona fide purchaser in whose hands such Notes are valid obligations
of the Company; provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Notes
have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Notes owned by the Company or any other
obligor upon the Notes or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction,
notice, consent or waiver, only Notes which the Trustee knows to be so owned shall be so disregarded. Notes so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
independent right so to act with respect to such Notes and that the pledgee is not the Company or any other obligor upon the Notes or
any Affiliate of the Company or of such other obligor.

 

“Sanctions”
has the meaning specified in Section 6.9.a) of this First Supplemental Indenture.

 

ARTICLE
3.

FORM AND TERMS OF THE NOTES

 

Section
3.1.          Form and Dating.

 

a)         The
Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A attached hereto. The Notes
shall be executed on behalf of the Company by an Officer of the Company. The Notes may have notations, legends or endorsements required
by law, stock exchange rules or usage. Each Note shall be dated the date of its authentication. The Notes and any beneficial interest
in the Notes shall be in minimum denominations of $25 and integral multiples of $25 in excess thereof.

 

    3

     

    

 

b)         The
terms and notations contained in the Notes shall constitute, and are hereby expressly made, a part of the Indenture, and the Company
and the Trustee, by their execution and delivery of this First Supplemental Indenture, expressly agree to such terms and provisions and
to be bound thereby.

 

c)         Global
Notes. The Notes shall be issued initially in the form of fully registered Global Securities, which shall be deposited on behalf of the
purchasers of the Notes represented thereby with The Depository Trust Company, New York, New York (the “Depositary”)
or its custodian and registered in the name of Cede & Co., the Depositary’s nominee, duly executed by the Company and authenticated
by the Trustee.

 

d)         Book-Entry
Provisions. This Section 3.1.d) shall apply only to the Global Notes deposited with or on behalf of the Depositary. The Company shall
execute and the Trustee shall, in accordance with this Section 3.1.d), authenticate and deliver the Global Notes that shall be registered
in the name of the Depositary or the nominee of the Depositary and shall be delivered by the Trustee to the Depositary or its custodian.

 

e)         Paying
Agent. The Company initially appoints the Trustee as Paying Agent for the payment of the principal of (and premium, if any) and interest
on the Notes and the Corporate Trust Office of the Trustee is hereby designated as the Place of Payment where the Notes may be presented
for payment.

 

Section
3.2.          Terms of the Notes.

 

The
following terms relating to the Notes are hereby established:

 

a)         Title.
The Notes shall constitute a series of Securities having the title “8.375% Senior Notes due 2026”.

 

b)         Principal
Amount. The aggregate principal amount of the Notes that may be initially authenticated and delivered under the Indenture (the “Initial
Notes”) shall be $125,000,000 (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange
for, or in lieu of, other Notes pursuant to Sections 304, 305, 306, 906 or 1107 of the Base Indenture). The Company may from time to
time, without the consent of the Holders of Notes, issue additional Notes (in any such case “Additional Notes”) having
the same terms as to status, redemption or otherwise (except the price to public, the issue date and, if applicable, the initial interest
accrual date and the initial interest payment date) that may constitute a single fungible series with the Initial Notes; provided that
if any such Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such Additional Notes will
have one or more separate CUSIP numbers. Any Additional Notes and the Initial Notes shall constitute a single series under the Indenture
and all references to the Notes shall include the Initial Notes and any Additional Notes unless the context otherwise requires.

 

c)         Maturity
Date. The entire outstanding principal amount of the Notes shall be payable on June 30, 2026 (the “Maturity Date”).

 

    4

     

    

 

d)       
Interest Rate. The rate at which the Notes shall bear interest shall be 8.375% per annum; the date from which interest shall accrue
on the Notes shall be June 30, 2021, or the most recent Interest Payment Date to which interest has been paid or provided for; the Interest
Payment Dates for the Notes shall be January 31, April 30, July 31 and October 31 of each year and on the Maturity Date, beginning July
31, 2021; the interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, will be paid, in immediately
available funds, to the Persons in whose names the Notes (or predecessor Notes) are registered (which shall initially be the Depositary)
at the close of business on the Regular Record Date for such interest, which shall be the January 15, April 15, July 15 or October 15
(whether or not a Business Day), as the case may be, preceding such Interest Payment Date, and the June 15 immediately preceding the
Maturity Date. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. For so long as the Notes
are represented in global form by one or more Global Securities, all payments of principal (and premium, if any) and interest shall be
made by wire transfer of immediately available funds to the Depositary or its nominee, as the case may be, as the registered owner of
the Global Security representing such Notes. In the event that definitive Notes shall have been issued, all payments of principal (and
premium, if any) and interest shall be made by wire transfer of immediately available funds to the accounts of the registered Holders
thereof; provided, that the Company may elect to make such payments at the office of the Paying Agent in the City of Chicago; and provided
further, that the Company may at its option pay interest by check to the registered address of each Holder of a definitive Note.

 

e)         Currency.
The currency of denomination of the Notes is United States Dollars. Payment of principal of and interest and premium, if any, on the
Notes shall be made in United States Dollars.

 

f)          Sinking
Fund. The Notes are not subject to any sinking fund.

 

g)        Additional
Interest. At the Company’s election, the sole remedy with respect to an Event of Default due to a failure to comply with reporting
requirements under the Trust Indenture Act or under Section 4.2 below, for the first 180 calendar days after the occurrence of such Event
of Default, consists exclusively of the right to receive additional interest on the Notes at an annual rate equal to (1) 0.25% for the
first 90 calendar days after such default and (2) 0.50% for calendar days 91 through 180 after such default. On the 181st day after such
Event of Default, if such violation is not cured or waived, the Trustee or the Holders of not less than 25% of the outstanding principal
amount of the Notes may declare the principal, together with accrued and unpaid interest, if any, on the Notes to be due and payable
immediately. If the Company chooses to pay such additional interest, the Company must notify the Trustee and the Holders of the Notes
by certificate of the Company’s election at any time on or before the close of business on the first Business Day following the
Event of Default.

 

Section
3.3.          Optional Redemption.

 

a)        The
provisions of Article 11 of the Base Indenture, as supplemented by the provisions of this First Supplemental Indenture, shall apply to
the Notes.

 

b)        The
Notes shall be redeemable as a whole or in part, at any time and from time to time at the Company’s option (i) on or after June
30, 2022 and prior to June 30, 2023, at a price equal to $25.75 per $25.00 principal amount of a Note, plus accrued and unpaid interest
to, but excluding, the date of redemption, (ii) on or after June 30, 2023 and prior to June 30, 2024, at a price equal to $25.50 per
$25.00 principal amount of a Note, plus accrued and unpaid interest to, but excluding, the date of redemption, (iii) on or after June
30, 2024 and prior to June 30, 2025, at a price equal to $25.25 per $25.00 principal amount of a Note, plus accrued and unpaid interest
to, but excluding, the date of redemption, and (iv) on or after June 30, 2025 and prior to maturity, at a price equal to 100% of their
principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption. In each case, redemption shall be upon
notice not fewer than 30 days and not more than 60 days prior to the date of redemption. Such notice may be conditioned upon the consummation
of a financing the proceeds of which are to be utilized to effect the applicable redemption.

 

    5

     

    

 

c)         
If less than all of the Notes are to be redeemed, the particular Notes
to be redeemed will be selected not more than 45 days prior to the redemption date by the Trustee from the outstanding Notes not previously
called for redemption, by lot, or in the Trustee’s discretion, on a pro-rata basis, provided that the unredeemed portion of the
principal amount of any Notes will be in an authorized denomination (which will not be less than the minimum authorized denomination)
for such Notes. The Trustee will promptly notify the Company in writing of the Notes selected for redemption and, in the case of any
Notes selected for partial redemption, the principal amount thereof to be redeemed. Beneficial interests in any of the Notes or portions
thereof called for redemption that are registered in the name of the Depositary or its nominee will be selected by the Depositary in
accordance with the Depositary’s applicable procedures.

 

d)        
Unless the Company defaults on the payment of the redemption price, on and after the Redemption Date, interest will cease to accrue
on the Notes called for redemption.

 

ARTICLE
4.

CERTAIN COVENANTS

 

The
following covenants shall be applicable to the Notes for so long as any of the Notes are Outstanding. Nothing in this Article will, however,
affect the Company’s rights or obligations under any other provision of the Base Indenture or this First Supplemental Indenture.

 

Section
4.1.          Merger, Consolidation or Sale of Assets.

 

The
Company shall not merge or consolidate with or into any other Person (other than a merger of a wholly owned Subsidiary of the Company
into the Company) or sell, transfer, lease, convey or otherwise dispose of all or substantially all of its property (provided that, for
the avoidance of doubt, a pledge of assets pursuant to any secured debt instrument of the Company or its Subsidiaries shall not be deemed
to be any such sale, transfer, lease, conveyance or disposition) in one transaction or series of related transactions unless:

 

a)         the
Company shall be the surviving Person (the “Surviving Person”) or the Surviving Person (if other than the Company)
formed by such merger or consolidation or to which such sale, transfer, lease, conveyance or disposition is made shall be a corporation
or limited liability company organized and existing under the laws of the United States of America, any state thereof or the District
of Columbia;

 

    6

     

    

 

b)        
the Surviving Person (if other than the Company) expressly assumes, by supplemental indenture in form reasonably satisfactory
to the Trustee, executed and delivered to the Trustee by such Surviving Person, the due and punctual payment of the principal of, and
premium, if any, and interest on, all the Notes Outstanding, and the due and punctual performance and observance of all the covenants
and conditions of the Indenture to be performed by the Company;

 

c)          immediately
before and immediately after giving effect to such transaction or series of related transactions, no Default or Event of Default shall
have occurred and be continuing; and

 

d)         in
the case of a merger or consolidation where the Surviving Person is other than the Company or such a sale, transfer, lease, conveyance
or disposition, the Company, the Surviving Person or the entity (if other than the Company) to which such sale, transfer, lease, conveyance
or disposition is made, shall deliver, or cause to be delivered, to the Trustee, an Officer’s Certificate and an Opinion of Counsel,
each stating that such transaction and the supplemental indenture, if any, in respect thereto comply with this Section 4.1 and that all
conditions precedent in the Indenture relating to such transaction have been complied with.

 

Section
4.2.          Reporting.

 

If,
at any time, the Company is not subject to the reporting requirements of Sections 13 or 15(d) of the Exchange Act to file any periodic
reports with the Securities and Exchange Commission, the Company agrees to furnish to Holders and the Trustee, for the period of time
during which the Notes are outstanding, its audited annual consolidated financial statements, within 90 days of its fiscal year end,
and unaudited interim consolidated financial statements, within 45 days of its fiscal quarter end (other than our fourth fiscal quarter).
All such financial statements will be prepared, in all material respects, in accordance with Generally Accepted Accounting Principles,
as applicable.

 

Delivery
of such reports, information and documents to the Trustee pursuant to this Section 4.2 is for informational purposes only and the Trustee’s
receipt of such shall not constitute actual or constructive knowledge or notice of any information contained therein or determinable
from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee
is entitled to rely exclusively on an Officer’s Certificate).

 

Section
4.3.          Payment of Taxes.

 

The
Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, all taxes, assessments and
governmental charges levied or imposed upon the Company or upon the income, profits or property of the Company, except where the failure
to do so would not be reasonably expected to have a material adverse effect on the business, assets, financial condition or results of
operations of the Company; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged
any such tax, assessment or charge whose amount, applicability or validity is being contested in good faith by appropriate proceedings.

 

    7

     

    

 

 

ARTICLE
5.

 REMEDIES

 

Section
5.1.          Remedies.

 

Section
501 of the Base Indenture shall not apply to the Notes. The following provisions shall be applicable to the Notes for so long as any
of the Notes are Outstanding:

 

Section
501. Events of Default.

 

“Event
of Default” wherever used herein with respect to the Notes means any one of the following events (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree
or order of any court or any order, rule or regulation of any administrative or governmental body):

 

(1)              
default in the payment of any interest upon any Note when it becomes due and payable, and continuance of such default for a period
of 30 days;

 

(2)              
default in the payment of the principal of any Note when due and payable;

 

(3)              
default in the performance, or breach, of any covenant of the Company in the Indenture with respect to the Notes, and continuance
of such default or breach for a period of 60 days after there has been sent to the Company by the Trustee or to the Company and the Trustee
by the Holders of at least 25% in principal amount of the Notes, a written notice specifying such default or breach and requiring it
to be remedied and stating that such notice is a “Notice of Default” hereunder;

 

(4)              
the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary
case or proceeding under any applicable federal or state bankruptcy, insolvency, reorganization or other similar law or (B) a decree
or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement,
adjustment or composition of or in respect of the Company under any applicable federal or state law, or appointing a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or ordering
the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or
order unstayed and in effect for a period of 90 consecutive days; or

 

(5)              
the commencement by the Company of a voluntary case or proceeding under any applicable federal or state bankruptcy, insolvency,
reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it
to the entry of a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable federal
or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding
against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable federal or state
law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator,
assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property, or the making by the Company
of an assignment for the benefit of creditors, or the admission by the Company in writing of its inability to pay its debts generally
as they become due, or the taking of corporate action by the Company in furtherance of any such action.

 

    8 

     

    

 

The
Trustee shall not be deemed to have notice or be charged with knowledge of an Event of Default hereunder (except for those described
in paragraphs (1) and (2) above if the Trustee is then the Paying Agent) unless written notice of such default or Event of Default from
the Company or any Holder is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such
notice references the Notes and the Indenture.

 

Section
502. Acceleration of Maturity; Rescission and Annulment.

 

b)         
If an Event of Default (other than an Event of Default specified in clause (5) or (6) of Section 501) with respect to the Notes
at the time Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in principal
amount of the Outstanding Notes may declare the principal amount, together with accrued and unpaid interest, if any, of all of the Notes,
to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such
declaration such principal amount shall become immediately due and payable. If an Event of Default specified in clause (5) or (6) of
Section 501 with respect to Notes at the time Outstanding occurs, the principal amount of all of the Outstanding Notes shall be immediately
due and payable without any declaration or other act on the part of the Trustee or any Holder of any Note.

 

c)         
At any time after such a declaration of acceleration with respect to the Notes has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter provided in this Article 5, the Holders of a majority in principal
amount of the Outstanding Notes, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences
if:

 

(1)        
the Company has paid or deposited with the Trustee a sum sufficient to pay

 

		(A)	all overdue
                                            interest on all Notes,

 

		(B)	the principal
                                            of (and premium, if any, on) any Note which have become due otherwise than by such declaration
                                            of acceleration and interest thereon at the rate or rates prescribed therefor in such Note,

 

		(C)	to the extent
                                            that payment of such interest is lawful, interest upon overdue principal (and premium, if
                                            any) and overdue interest at the rate or rates prescribed therefor in such Notes, and

 

		(D)	all sums
                                            paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements
                                            and advances of the Trustee, its agents and counsel; and

 

    9 

     

    

 

(2)         all
Events of Default with respect to the Notes, other than the non-payment of the principal of the Notes which have become due solely by
such declaration of acceleration, have been cured or waived as provided in Section 513.

 

d)         
No such rescission shall affect any subsequent default or impair any right consequent thereon.

 

e)          Upon
receipt by the Trustee of any declaration of acceleration, or rescission and annulment thereof, with respect to the Notes all or part
of which is represented by a Global Security, the Trustee shall establish a record date for determining Holders of Outstanding Notes
entitled to join in such declaration of acceleration, or rescission and annulment, as the case may be, which record date shall be at
the close of business on the day the Trustee receives such declaration of acceleration, or rescission and annulment, as the case may
be. The Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to join in such declaration
of acceleration, or rescission and annulment, as the case may be, whether or not such Holders remain Holders after such record date;
provided, that unless such declaration of acceleration, or rescission and annulment, as the case may be, shall have become effective
by virtue of the requisite percentage having been obtained prior to the day which is 90 days after such record date, such declaration
of acceleration, or rescission and annulment, as the case may be, shall automatically and without further action by any Holder be canceled
and of no further effect. Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after expiration of
such 90-day period, a new declaration of acceleration, or rescission or annulment thereof, as the case may be, that is identical to a
declaration of acceleration, or rescission or annulment thereof, which has been canceled pursuant to the preceding sentence, in which
event a new record date shall be established pursuant to the provision of this Section 502.

 

Section
503. Collection of Indebtedness and Suits for Enforcement by Trustee.

 

a)         
The Company covenants that if:

 

(1)       
default is made in the payment of any interest on any Note when such interest becomes due and payable and such default continues
for a period of 30 days; or

 

(2)         default
is made in the payment of the principal of (or premium, if any, on) any Note at the Maturity thereof; or

 

(3)       
default is made in the deposit of any sinking fund payment, when and as due by the terms of a Note;

 

the
Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Notes, the whole amount then due and payable
on such Notes for principal (and premium, if any) and interest and, to the extent that payment of such interest shall be legally enforceable,
interest on any overdue principal (and premium, if any) and on any overdue interest, at the rate or rates prescribed therefor in such
Notes, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

 

    10 

     

    

 

b)         
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express
trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment
or final decree, and may enforce the same against the Company or any other obligor upon such Notes and collect the moneys adjudged or
decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Notes, wherever
situated.

 

c)         
If an Event of Default with respect to Notes of any series occurs and is continuing, the Trustee may in its discretion proceed to protect
and enforce its rights and the rights of the Holders of Notes by such appropriate judicial proceedings as the Trustee shall deem most
effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in the Indenture
or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

 

Section
504. Trustee May File Proofs of Claim.

 

a)         
In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition
or other judicial proceeding relative to the Company or any other obligor upon the Notes or the property of the Company or of such other
obligor or their creditors, the Trustee (irrespective of whether the principal of the Notes shall then be due and payable as therein
expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment
of overdue principal (and premium, if any) or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

 

(i)                
to file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect of
the Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including
any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders
allowed in such judicial proceeding, and

 

(ii)             
to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same.

 

b)         
Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making
of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 606 of the Base Indenture.

 

c)         
Nothing herein contained shall be deemed to authorize the Trustee to authorize, consent to, or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize
the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 

    11 

     

    

 

d)         
The Trustee shall be entitled to participate as a member of any official committee of creditors in the matters it deems advisable.

 

Section
505. Trustee May Enforce Claims Without Possession of Notes.

 

All
rights of action and claims under the Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of
any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall
be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the
Holders of the Notes in respect of which such judgment has been recovered.

 

Section
506. Application of Money Collected.

 

Any
money or property collected by the Trustee pursuant to this Article 5 or, after an Event of Default, any money or other property distributable
in respect of the Company’s obligations under the Indenture, shall be applied in the following order, at the date or dates fixed
by the Trustee and, in case of the distribution of such money or property on account of principal (or premium, if any) or interest, upon
presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 

FIRST:
To the payment of all amounts due the Trustee (including any predecessor trustee) under Section 606 of the Base Indenture;

 

SECOND:
To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the Notes in respect of which
or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts
due and payable on such Notes for principal (and premium, if any) and interest, respectively; and

 

THIRD:
To the Company.

 

Section
507. Limitation of Suits.

 

No
Holder of any Note shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless:

 

(1)         
such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Notes;

 

(2)         
the Holders of not less than 25% in principal amount of the Notes shall have made written request to the Trustee to institute proceedings
in respect of such Event of Default in its own name as Trustee hereunder;

 

(3)         
such Holder or Holders have offered to the Trustee indemnity and/or security satisfactory to the Trustee in its sole discretion
the costs, expenses and liabilities to be incurred in compliance with such request;

 

    12 

     

    

 

(4)         
 the Trustee for 60 days after its receipt of such notice, request and offer of indemnity and/or security has failed to institute
any such proceeding; and

 

(5)         
no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority
in principal amount of the Outstanding Notes;

 

it
being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of any provision
of the Indenture to affect, disturb or prejudice the rights of any other of such Holders (it being understood that the Trustee does not
have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders), or to obtain
or to seek to obtain priority or preference over any other of such Holders or to enforce any right under the Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such Holders.

 

Section
508. Unconditional Right of Holders to Receive Principal, Premium and Interest.

 

Notwithstanding
any other provision in the Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment
of the principal of (and premium, if any) and interest on such Note on the Stated Maturity or Maturities expressed in such Note (or,
in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall
not be impaired without the consent of such Holder.

 

Section
509. Restoration of Rights and Remedies.

 

If
the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under the Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case,
subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively
to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no
such proceeding had been instituted.

 

Section
510. Rights and Remedies Cumulative.

 

Except
as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 306 of
the Base Indenture, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive
of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of
any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right
or remedy.

 

Section
511. Delay or Omission Not Waiver.

 

No
delay or omission of the Trustee or of any Holder of any Notes to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy
given by this Article 5 or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be.

 

    13 

     

    

 

Section
512. Control by Holders.

 

a)         
The Holders of a majority in principal amount of the Outstanding Notes shall have the right to direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the
Notes, provided that,

 

(1)         
such direction shall not be in conflict with any rule of law or with the Indenture, nor subject the Trustee to a risk of personal
liability in respect of which the Trustee has not received indemnification satisfactory to it in its sole discretion against all losses,
liabilities and expenses caused by taking or not taking such action, and

 

(2)         
the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

 

b)         
Prior to taking any such action hereunder, the Trustee shall be entitled to indemnification and/or security satisfactory to it in its
sole discretion against all fees, losses, liabilities and expenses (including attorney’s fees and expenses) caused by or that might
be caused by taking or not taking such action.

 

c)         
Upon receipt by the Trustee of any such direction with respect to Notes all or part of which is represented by a Global Security,
the Trustee may establish a record date for determining Holders of Outstanding Notes entitled to join in such direction, which record
date shall be at the close of business on the day the Trustee receives such direction. The Holders on such record date, or their duly
designated proxies, and only such Persons, shall be entitled to join in such direction, whether or not such Holders remain Holders after
such record date; provided, that unless such majority in principal amount shall have been obtained prior to the day which is 90 days
after such record date, such direction shall automatically and without further action by any Holder be canceled and of no further effect.
Nothing in this paragraph shall prevent a Holder, or a proxy of a Holder, from giving, after expiration of such 90-day period, a new
direction identical to a direction which has been canceled pursuant to the provisions to the preceding sentence, in which event a new
record date shall be established pursuant to the provisions of this Section 512.

 

Section
513. Waiver of Past Defaults.

 

a)         
The Holders of not less than a majority in principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive
any past default hereunder with respect to the Notes and its consequences, except a default:

 

(1)         
in the payment of the principal of (or premium, if any) or interest on any Note which has become due otherwise than by a declaration
of acceleration under Section 502 and interest thereon at the rate or rates prescribed therefor in the Notes, or

 

    14 

     

    

 

(2)       
 in respect of a covenant or provision hereof which under Article 9 of the Base Indenture cannot be modified or amended without the consent
of the Holder of each Outstanding Note.

 

b)         
Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
for every purpose of the Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent
thereon.

 

Section
514. Undertaking for Costs.

 

Each
party to the Indenture agrees, and each Holder of any Note by such Holder’s acceptance thereof shall be deemed to have agreed,
that any court may in its discretion require, in any suit for the enforcement of any right or remedy under the Indenture, or in any suit
against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking
to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section 514 shall not apply to any suit instituted by the Company, to any suit instituted
by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount
of the Outstanding Notes, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium,
if any) or interest on any Note on or after the Stated Maturity or Maturities expressed in such Note (or, in the case of redemption,
on or after the Redemption Date).

 

Section
515. Waiver of Usury, Stay or Extension Laws.

 

The
Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever
claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force,
which may affect the covenants or the performance of the Indenture; and the Company (to the extent that it may lawfully do so) hereby
expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any
power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

 

Section
516. Other.

 

The
reference in Section 1404 of the Base Indenture to Section 501(v) of the Base Indenture shall be deemed to be a reference to Section
501(4) of this Article 5.

 

ARTICLE
6.

MISCELLANEOUS

 

Section
6.1.          Trust Indenture Act Controls.

 

If
any provision of this First Supplemental Indenture limits, qualifies or conflicts with another provision which is required to be included
in this First Supplemental Indenture by the Trust Indenture Act, the required provision shall control. If any provision of this First
Supplemental Indenture modifies or excludes any provision of the Trust Indenture Act which may be so modified or excluded, the latter
provision shall be deemed to apply to this First Supplemental Indenture as so modified or to be excluded, as the case may be.

 

    15 

     

    

 

Section
6.2.          New York Law to Govern.

 

This
First Supplemental Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York.

 

Section
6.3.          Counterparts.

 

This
First Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original,
but all such counterparts shall together constitute but one and the same instrument. The exchange of copies of this First Supplemental
Indenture and of signature pages that are executed by manual signatures that are scanned, photocopied or faxed or by other electronic
signing created on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign), in each case that is approved
by the Trustee, shall constitute effective execution and delivery of this First Supplemental Indenture for all purposes. Signatures of
the parties hereto that are executed by manual signatures that are scanned, photocopied or faxed or by other electronic signing created
on an electronic platform (such as DocuSign) or by digital signing (such as Adobe Sign), in each case that is approved by the Trustee,
shall be deemed to be their original signatures for all purposes of this First Supplemental Indenture as to the parties hereto and may
be used in lieu of the original.

 

Anything
in the Base Indenture, this First Supplemental Indenture or the Notes to the contrary notwithstanding, for the purposes of the transactions
contemplated by the Base Indenture, this First Supplemental Indenture, the Notes and any document to be signed in connection with the
Base Indenture, this First Supplemental Indenture or the Notes (including the Trustee’s Certificate of Authentication on the Notes,
amendments, waivers, consents and other modifications, Officer’s Certificates, Company Requests, Company Orders and Opinions of
Counsel and other issuance, authentication and delivery documents) or the transactions contemplated hereby may be signed by manual signatures
that are scanned, photocopied or faxed or other electronic signatures created on an electronic platform (such as DocuSign) or by digital
signature (such as Adobe Sign), in each case that is approved by the Trustee, and contract formations on electronic platforms approved
by the Trustee, and the keeping of records in electronic form, are hereby authorized, and each shall be of the same legal effect, validity
or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as the case may be.

 

Section
6.4.          Severability.

 

If
any provision of this First Supplemental Indenture or the Notes shall be held to be illegal or unenforceable under applicable law, then
the remaining provisions hereof shall be construed as though such invalid, illegal or unenforceable provision were not contained therein.

 

    16 

     

    

 

Section
6.5.          Ratification. The Indenture, as
supplemented by this First Supplemental Indenture, is in all respects ratified and confirmed. All provisions included in this First Supplemental
Indenture supersede any conflicting provisions included in the Indenture, unless not permitted by law. The Trustee accepts the trusts
created by the Indenture, as supplemented by this First Supplemental Indenture, and agrees to perform the same upon the terms and conditions
of the Indenture.

 

Section
6.6.          Effectiveness.

 

The
provisions of this First Supplemental Indenture shall become effective as of the date hereof.

 

Section
6.7.          Trustee Makes No Representation.

 

The
recitals and statements contained herein and in the Notes are made solely by the Company and not by the Trustee, and the Trustee assumes
no responsibility for the correctness thereof. The Trustee makes no representation as to the validity, adequacy or sufficiency of this
First Supplemental Indenture or the Notes. All rights, protections, privileges, indemnities, immunities and benefits granted or afforded
to the Trustee under the Base Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions
taken, suffered or omitted to be taken by the Trustee in each of its capacities hereunder, and each agent, custodian and other Person
employed to act under this First Supplemental Indenture, except that the standard of care applicable to each agent, custodian and any
other Person employed to act hereunder shall be that of gross negligence and willful misconduct.

 

    17 

     

    

 

Section
6.8.          Electronic Means.

 

The
Trustee shall have the right to accept and act upon instructions, including funds transfer instructions (“Instructions”)
given pursuant to the Indenture, as supplemented by this First Supplemental Indenture and delivered using Electronic Means; provided,
however, that the Company shall provide to the Trustee an incumbency certificate listing officers with the authority to provide such
Instructions (“Authorized Officers”) and containing specimen signatures of such Authorized Officers, which incumbency
certificate shall be amended by the Company whenever a person is to be added or deleted from the listing. If the Company elects to give
the Trustee Instructions using Electronic Means and the Trustee in its discretion elects to act upon such Instructions, the Trustee’s
understanding of such Instructions shall be deemed controlling. The Company understands and agrees that the Trustee cannot determine
the identity of the actual sender of such Instructions and that the Trustee shall conclusively presume that directions that purport to
have been sent by an Authorized Officer listed on the incumbency certificate provided to the Trustee have been sent by such Authorized
Officer. The Company shall be responsible for ensuring that only Authorized Officers transmit such Instructions to the Trustee and that
the Company and all Authorized Officers are solely responsible to safeguard the use and confidentiality of applicable user and authorization
codes, passwords and/or authentication keys upon receipt by the Company. The Trustee shall not be liable for any losses, costs or expenses
arising directly or indirectly from the Trustee’s reliance upon and compliance with such Instructions notwithstanding such directions
conflict or are inconsistent with a subsequent written instruction. The Company agrees: (i) to assume all risks arising out of the use
of Electronic Means to submit Instructions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized
Instructions, and the risk of interception and misuse by third parties; (ii) that it is fully informed of the protections and risks associated
with the various methods of transmitting Instructions to the Trustee and that there may be more secure methods of transmitting Instructions
than the method(s) selected by the Company; (iii) that the security procedures (if any) to be followed in connection with its transmission
of Instructions provide to it a commercially reasonable degree of protection in light of its particular needs and circumstances; and
(iv) to notify the Trustee immediately upon learning of any compromise or unauthorized use of the security procedures.

 

Section
6.9.          OFAC Certification and Covenants.

 

a)         
The Company covenants and represents that neither they nor any of their affiliates, subsidiaries, directors or officers are the
target or subject of any sanctions enforced by the US Government, (including, the Office of Foreign Assets Control of the US Department
of the Treasury (“OFAC”)), the United Nations Security Council, the European Union, HM Treasury, or other relevant
sanctions authority (collectively “Sanctions”).

 

b)       
The Company covenants and represents that neither they nor any of their affiliates, subsidiaries, directors or officers will use any
payments made pursuant to the Indenture, as supplemented by this First Supplemental Indenture, (i) to fund or facilitate any activities
of or business with any person who, at the time of such funding or facilitation, is the subject or target of Sanctions, (ii) to fund
or facilitate any activities of or business with any country or territory that is the target or subject of Sanctions, or (iii) in any
other manner that will result in a violation of Sanctions by any person.

 

[Remainder
of page intentionally left blank.]

 

    18 

     

    

 

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed as of the date first above written.

 

	 	SYNCHRONOSS
    TECHNOLOGIES, INC.
	 	 
	 	By:	/s/
    Jeff Miller
	 	 	Name:  Jeff
    Miller
	 	 	Title:  Chief
    Executive Officer

 

[Signature
Page to Synchronoss Technologies, Inc. First Supplemental Indenture]

 

     

     

    

 

	 	THE
    BANK OF NEW YORK MELLON TRUST COMPANY N.A.,
	 	as Trustee
	 	 
	 	By:	/s/
    Manjari Purkayastha
	 	 	Name:
    Manjari Purkayastha
	 	 	Title:  Vice
    President

 

[Signature
Page to Synchronoss Technologies, Inc. First Supplemental Indenture]

 

     

     

    

 

EXHIBIT
A

 

THIS
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF ANY PERSON
OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE ONLY IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED
IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY, OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY
OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
 & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

SYNCHRONOSS
TECHNOLOGIES, INC.

8.375% Senior Note due 2026

 

	No.	Principal
    Amount
	CUSIP
    No. 87157B 301	$[______]

ISIN
No. US87157B3015

 

Synchronoss
Technologies, Inc., a Delaware corporation (hereinafter called the “Company”, which term includes any successor Person
under the Indenture referred to below), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal
sum of [________] Dollars (U.S. $[________]) on June 30, 2026 (the “Maturity Date”) and to pay interest thereon from
June 30, 2021 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly on January
31, April 30, July 31 and October 31 in each year and on the Maturity Date (each an “Interest Payment Date”), beginning
July 31, 2021 at the rate of 8.375% per annum, until the principal hereof is paid or duly made available for payment. The interest so
payable and punctually paid or duly provided for on any Interest Payment Date shall, as provided in such Indenture, be paid to the Person
in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest, which shall be the January 15, April 15, July 15 or October 15 (whether or not a Business Day), as the case may be, preceding
such Interest Payment Date, and the June 15 immediately preceding the Maturity Date. Any such interest which is payable, but is not punctually
paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder hereof on the relevant Regular
Record Date by virtue of having been such Holder, and may be paid to the Person in whose name this Note (or one or more Predecessor Securities)
is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to Holders of the Notes not less than 10 days prior to such Special Record Date, or may be paid at any
time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 

    A-1 

     

    

 

The
amount of interest payable for any interest period, including interest payable for any partial interest period, will be computed on the
basis of a 360-day year comprised of twelve 30-day months. If an interest payment date falls on a non-Business Day, the applicable interest
payment will be made on the next Business Day and no additional interest will accrue as a result of such delayed payment.

 

Payment
of the principal of (and premium, if any) and the interest on this Note shall be made at the Corporate Trust Office of the Trustee (as
defined in the Indenture), in such currency of the United States of America as at the time of payment is legal tender for payment of
public and private debts; provided, however, for so long as the Notes are represented in global form by one or more Global Securities,
all payments of principal (and premium, if any) and interest shall be made by wire transfer of immediately available funds to the Depositary
or its nominee, as the case may be, as the registered owner of the Global Security representing such Notes. In the event that definitive
Notes shall have been issued, all payments of principal (and premium, if any) and interest shall be made by wire transfer of immediately
available funds to the accounts of the registered Holders thereof; provided, that the Company may at its option pay interest by check
to the registered address of each Holder of a definitive Note.

 

This
Note is one of the duly authorized series of Securities of the Company, designated as the Company’s “8.375% Senior Notes
due 2026”, initially limited to an aggregate principal amount of $125,000,000 all issued or to be issued under and pursuant to
an Indenture (the “Base Indenture”), dated as of June 30, 2021, between the Company and The Bank of New York Mellon
Trust Company, N.A., as trustee (hereinafter referred to as the “Trustee”), as supplemented by the First Supplemental
Indenture hereto, dated as of June 30, 2021 (the “First Supplemental Indenture” and, together with the Base Indenture,
the “Indenture”). Reference is hereby made to the Indenture for a description of the respective rights, limitation
of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders of the Notes.

 

The
Company may redeem the Notes as a whole or in part, at any time and from time to time at the Company’s option (i) on or after June
30, 2022 and prior to June 30, 2023, at a price equal to $25.75 per $25.00 principal amount of a Note, plus accrued and unpaid interest
to, but excluding, the date of redemption, (ii) on or after June 30, 2023 and prior to June 30, 2024, at a price equal to $25.50 per
$25.00 principal amount of a Note, plus accrued and unpaid interest to, but excluding, the date of redemption, (iii) on or after June
30, 2024 and prior to June 30, 2025, at a price equal to $25.25 per $25.00 principal amount of a Note, plus accrued and unpaid interest
to, but excluding, the date of redemption, and (iv) on or after June 30, 2025 and prior to maturity, at a price equal to 100% of their
principal amount, plus accrued and unpaid interest to, but excluding, the date of redemption. In each case, redemption shall be upon
notice not fewer than 30 days and not more than 60 days prior to the date fixed for redemption.

 

    A-2 

     

    

 

If
less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected not more than 45 days prior to the redemption
date by the Trustee from the outstanding Notes not previously called for redemption, by lot, or in the Trustee’s discretion, on
a pro-rata basis, provided that the unredeemed portion of the principal amount of any Notes will be in an authorized denomination (which
will not be less than the minimum authorized denomination) for such Notes. The Trustee will promptly notify the Company in writing of
the Notes selected for redemption and, in the case of any Notes selected for partial redemption, the principal amount thereof to be redeemed.

 

The
Notes are not subject to any sinking fund.

 

If
an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable
in the manner and with the effect provided in the Indenture.

 

The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company
and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time
Outstanding of each series affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in
aggregate principal amount of the Securities of any series at the time Outstanding, on behalf of the Holders of all Securities of such
series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note
shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration
of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

 

No
reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the right of the Holder of
this Note, which is absolute and unconditional, to receive payment of the principal of and interest on this Note at the times herein
and in the Indenture prescribed and to institute suit for the enforcement of any such payment unless the Holder of this Note shall have
consented to the impairment of such right.

 

As
provided in the Indenture and subject to certain limitations set forth therein, the transfer of this Note may be registered in the Security
Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal
of (and premium, if any) and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer
in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or by his attorney duly authorized
in writing, and thereupon one or more new Notes of this series and of any authorized denominations and of a like aggregate principal
amount and tenor, shall be issued to the designated transferee or transferees.

 

    A-3 

     

    

 

The
Notes are issuable only in registered form without coupons in minimum denominations of $25 and integral multiples of $25 in excess thereof.
Subject to certain limitations therein set forth in the Indenture and in this Note, the Notes are exchangeable for a like aggregate principal
amount of Notes of this series in different authorized denominations, as requested by the Holders surrendering the same.

 

No
service charge shall be made for any such registration of transfer or for exchange of this Note, but the Company or the Trustee may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of a Note, other than in certain cases provided in the Indenture.

 

Prior
to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

The
Indenture contains provisions whereby (i) the Company may be discharged from its obligations with respect to the Notes (subject to certain
exceptions) or (ii) the Company may be released from its obligations under specified covenants and agreements in the Indenture, in each
case if the Company irrevocably deposits with the Trustee money or U.S. Government Obligations sufficient to pay and discharge the entire
indebtedness on all Notes of this series, and satisfies certain other conditions, all as more fully provided in the Indenture.

 

This
Note shall be governed by and construed in accordance with the laws of the State of New York.

 

All
terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

Unless
the certificate of authentication hereon has been executed by or on behalf of the Trustee under the Indenture by the manual signature
(which may be scanned, photocopied or faxed or otherwise signed electronically (including by DocuSign or Adobe Sign)) of one of its authorized
signatories, this Note shall not be entitled to any benefits under the Indenture or be valid or obligatory for any purpose.

 

    A-4 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

 

Dated:

 

	 	SYNCHRONOSS
    TECHNOLOGIES, INC.
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature
Page to Synchronoss Technologies, Inc. Global Note]

 

     

     

    

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

 

This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

 

Dated:

 

	 	The
    Bank of New York Mellon Trust Company, N.A.,
	 	as Trustee
	 	 
	 	By:	 
	 	 	Name:

    Title:

 

[Authentication
Certificate to Synchronoss Technologies, Inc. Global Note]

 

     

     

    

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written
out in full according to applicable laws or regulations.

 

	TEN
    COM - as tenants	UNIF
    GIFT MIN ACT - . . .Custodian
	in
    common	(Cust)
    (Minor)
	TEN
    ENT - as tenants by	Under
    Uniform Gifts to
	the
    entireties	Minor
    Act
	JT
    TEN - as joint tenants	 	 
	with
    right of	 
	survivorship
    and	 
	not
    as tenants in	 
	common	 	(State)

 

Additional
abbreviations may also be used though not in the above list.

 

FOR
VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

 

(Please
insert Assignee’s legal name)

 

(Please
insert Social Security or other identifying number of Assignee)

 

(Please
print or typewrite name and address including postal zip code of Assignee)

 

the
within Note of SYNCHRONOSS TECHNOLOGIES, INC. and does hereby irrevocably constitute and appoint attorney to transfer the said Note on
the books of the Company, with full power of substitution in the premises.

 

Dated:

 

	 	Your

    Signature:	 
	 	 	(Sign
    exactly as your name appears on the
	 	 	face
    of this Note)

 

[NOTICE:
The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular,
without alteration or enlargement or any change whatever.]Exhibit 4.3 

 

SYNCHRONOSS TECHNOLOGIES, INC.

 

INVESTOR RIGHTS AGREEMENT

 

THIS INVESTOR RIGHTS AGREEMENT
(this “Agreement”) dated as of June 30, 2021 is entered into by and between Synchronoss Technologies, Inc.,
a Delaware corporation (the “Company”), B. Riley Financial, Inc., a Delaware corporation (“B. Riley”)
and B. Riley Principal Investments, LLC (“B. Riley Principal Investments”). The Company, B. Riley and B. Riley Principal
Investments are referred to collectively herein as the “Parties” and, individually, as a “Party.”

 

RECITALS

 

WHEREAS, subject to the terms
of this Agreement, the Company has agreed, among other things, to expand the size of its Board of Directors (the “Board”)
by one member in connection with the consummation of the Transactions (as defined herein) and to nominate and appoint one individual selected
by B. Riley as a director to fill the vacancy created thereby, subject to certain conditions contained therein (the “Director
Appointment Right”) and to provide B. Riley with the right to designate and appoint one observer to the Board as provided herein
subject to certain conditions contained therein (the “Board Observer Right”).

 

WHEREAS, B. Riley Principal
Investments will purchase from the Company, 75,000 shares of Series B Perpetual Non-Convertible Preferred Stock of the Company, $0.0001
par value per share (the “Series B Preferred Stock”) on or around the date hereof, pursuant to that certain Series B
Preferred Stock Purchase Agreement dated as of June 24, 2021 (the “Series B Purchase Agreement”).

 

WHEREAS, the terms of the
Series B Preferred Stock acquired pursuant to the Series B Purchase Agreement are set forth in a Certificate of Designations
of the Company relating thereto (the “Certificate of Designations”).

 

WHEREAS, the Certificate of
Designations provides that the Company shall have the right to satisfy a mandatory redemption of the Series B Preferred Stock as
required by Section 5(a) thereof through the issuance of shares of Common Stock of the Company, $0.0001 par value per share
(the “Common Stock” and any shares of Common Stock so issued, the “Redemption Shares”).

 

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

 

     

     

    

 

1.            Director
Appointment Right. For so long as B. Riley and its Affiliates beneficially own at least ten percent (10%) of the outstanding shares
of the Company’s Common Stock, (based on the number of shares of Common Stock outstanding immediately following the consummation
of the Transactions (as defined in the Series B Purchase Agreement) (the “Closing”) and without regard to any
equity issuances (other than equity issuances under the Company’s equity plans) occurring after the Closing), B. Riley shall be
entitled to nominate one (1) full-time B. Riley employee, mutually agreeable to the Company and B. Riley to the Board (the “B.
Riley Nominee”) as a Class II Director, and the Company shall include, and shall use its best efforts to cause the Board,
whether acting through a committee of the Board or otherwise, to include, in the slate of nominees recommended to stockholders of the
Company (the “Stockholders”) for election as a director at any annual or special meeting of the Stockholders (or, if
permitted, by any action by written consent of the Stockholders) at or by which as a Class II Director directors of the Company are
to be elected, the B. Riley Nominee. The Board has taken action such that the B. Riley Nominee shall initially be appointed to the Board
concurrently with or prior to the Closing. Following the Closing, the Company shall use its reasonable efforts to cause the two (2) members
of the Board who are nominees of the Company’s existing preferred equity holders and one (1) other member of the Board to resign
from the Board so that following such resignations the Board shall consist of not more than eight (8) members; provided, however,
there shall not be a breach of this Agreement in the event such members do not resign. The Parties hereby agree that any B. Riley Nominee
shall be subject to the approval of the Board (such approval not to be unreasonably withheld). As used herein, the term “Affiliates”
shall mean with respect to any specified person, any other person who, directly or indirectly, controls, is controlled by, or is under
common control with such person, including, without limitation, any general partner, managing member, officer, director or trustee of
such person, or any registered investment company now or hereafter existing that is controlled by one or more general partners, managing
members or investment advisers of, or shares the same management company or investment adviser with, such person.

 

2.            Board
Observer Right.

 

a.            For
so long as B. Riley and its Affiliates beneficially own at least five percent (5%) of the outstanding shares of Common Stock (based on
the number of shares of Common Stock outstanding immediately following the Closing and without regard to any equity issuances (other than
equity issuances under the Company’s equity plans) occurring after the Closing), but have no B. Riley Nominee then serving on the
Board, B. Riley shall have the right, subject to the terms and conditions of this Agreement, to designate and appoint one representative
(the “Observer”) to attend all meetings (including telephonic or videoconference meetings of the Board) of the Board,
in a non-voting, observer capacity, which Observer shall be subject to the approval of the Board (such approval not to be unreasonably
withheld); provided, however, that such Observer shall agree to hold in confidence all information so provided. Except as otherwise set
forth herein, the Observer may participate fully in discussions of all matters brought to the Board for consideration and provide input
and advice with respect thereto, but in no event shall the Observer (i) be deemed to be a member of the Board; (ii) without
limitation of the obligations expressly set forth in this Agreement, have or be deemed to have, or otherwise be subject to, any duties
(fiduciary or otherwise) to the Company or its stockholders; or (iii) have the right to propose or offer any motions or resolutions
to the Board or to vote upon any motions or resolutions duly brought before the Board. The presence of the Observer shall not be required
or counted for purposes of establishing a quorum at any meeting of the Board.

 

b.            The
Company shall provide to the Observer copies of all notices, minutes, consents and other materials that it provides to Board members as
a whole (collectively, “Board Materials”), including any draft versions, proposed written consents, and exhibits and
annexes to any such materials, at the same time and in the same manner as such information is delivered to the Board members, provided,
however, that such Observer shall agree to hold in confidence all information or materials so provided.

 

     

     

    

 

c.            Notwithstanding
anything herein to the contrary, the Company may exclude the Observer from access to any Board Materials or any Board meeting (or portion
thereof) if the Board determines, acting in good faith, that (i) such exclusion is necessary to preserve the attorney-client or work
product privilege between the Company (and/or its Affiliates and/or its subsidiaries) and its counsel (provided, however, that
any such exclusion shall only apply to such portion of such material or meeting which would be required to preserve such privilege); (ii) such
exclusion is necessary to comply with applicable laws, regulations, or any agreement to which the Company (and/or its Affiliates and/or
its subsidiaries) is a party or is otherwise bound; or (iii) such Board Materials or discussion relates to the relationship, contractual
or otherwise, between the Company (and/or its Affiliates and/or its subsidiaries), on one hand, and B. Riley and/or the Observer, on the
other hand, or their respective Affiliates (a “Conflict of Interest”). Any Observer shall be required to enter into
a confidentiality agreement with the Company prior to the exercise of the rights contained in this Section 2.

 

d.            The
Parties agree that neither the Company nor its Affiliates nor any member of the Board or Committee shall be entitled to rely on any statements
or views expressed by the Observer in any Board meeting. The Parties further agree that all Confidential Information (as defined below)
is provided to the Observer “AS IS” and the Company does not make, and expressly disclaims, any representation or warranty
as to the accuracy or completeness thereof. Without limiting the foregoing, the Company shall have no liability to the Observer, B. Riley
Principal Investments or their respective Affiliates or Representatives (as defined below) resulting from any use or reliance on any Confidential
Information.

 

3.            Registration
Rights.

 

a.            The
Company, upon written demand (a “Demand Notice”) of B. Riley Principal Investments or any of its Affiliates holding
Redemption Shares (a “Registered Holder”), agrees to register, on one occasion, all or any portion of the Redemption
Shares. On such occasion, the Company will file a registration statement with the SEC covering the resale of the Redemption Shares within
thirty (30) days after receipt of a Demand Notice and use its commercially reasonable efforts to have the registration statement declared
effective promptly thereafter, subject to compliance with review by the Securities and Exchange Commission. The demand for registration
may be made at any time following the issuance of any Redemption Shares by the Company through the third (3rd) anniversary
of such issuance. Notwithstanding the foregoing obligations, if the Company furnishes to Registered Holder requesting a registration pursuant
to this Section 3.a a certificate signed by the Company’s chief executive officer stating that in the good faith judgment of
the Board of Directors it would be materially detrimental to the Company and its stockholders for such registration statement to either
become effective or remain effective for as long as such registration statement otherwise would be required to remain effective, because
such action would (i) materially interfere with a significant acquisition, corporate reorganization, or other similar transaction
involving the Company; (ii) require premature disclosure of material information that the Company has a bona fide business purpose
for preserving as confidential; or (iii) render the Company unable to comply with requirements under the Securities Act or Exchange
Act, then the Company shall have the right to defer taking action with respect to such filing, and any time periods with respect to filing
or effectiveness thereof shall be tolled correspondingly, for a period of not more than one hundred twenty (120) days.

 

     

     

    

 

b.            The
Company shall bear all fees and expenses attendant to the registration of the Redemption Shares pursuant to Section 3.a., but the
Registered Holder shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the Registered Holder
to represent them in connection with the sale of the Redemption Shares. The Company agrees to use its commercially reasonable efforts
to cause the filing required by Section 3.a. to become effective promptly and to qualify or register the Redemption Shares in such
States as are reasonably requested by the Registered Holder; provided, however, that in no event shall the Company be required to register
the Redemption Shares in a State in which such registration would cause: (i) the Company to be obligated to register or license to
do business in such State or submit to general service of process in such State, or (ii) the principal shareholders of the Company
to be obligated to escrow their shares of capital stock of the Company. The Company shall cause any registration statement filed pursuant
to the demand right granted under Section 3.a. to remain effective for a period of at least twelve (12) consecutive months after
the date that the Registered Holder is first given the opportunity to sell all of the Redemption Shares registered thereunder. The Registered
Holder shall only use the prospectuses provided by the Company to sell the shares covered by such registration statement, and will immediately
cease to use any prospectus furnished by the Company if the Company advises the Registered Holder that such prospectus may no longer be
used due to a material misstatement or omission. For the avoidance of doubt, the Registered Holder shall be entitled to a demand registration
under this Section 3 on only one (1) occasion.

 

c.            In
addition to the demand right of registration described in 3.a. hereof, the Registered Holder shall have the right, for a period of three
(3) years following the first date upon which the Company issues any Redemption Shares, to include the Redemption Shares as part
of any other registration of securities filed by the Company (other than in connection with a transaction contemplated by Rule 145
promulgated under the Securities Act of 1933, as amended or pursuant to Form S-8 or any equivalent form); provided, however, that
if, solely in connection with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof
shall, in its reasonable discretion, impose a limitation on the number of shares of Common Stock which may be included in the registration
statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is necessary to facilitate
public distribution, then the Company shall be obligated to include in such registration statement only such limited portion of the Redemption
Shares with respect to which the Registered Holder requested inclusion hereunder as the underwriter shall reasonably permit.

 

d.            The
Company shall bear all fees and expenses attendant to registering the Redemption Shares pursuant to Section 3.c. hereof, but the
Registered Holder shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the Registered Holder
to represent them in connection with the sale of the Redemption Shares. In the event of such a proposed registration, the Company shall
furnish the Registered Holder with not less than fifteen (15) days written notice prior to the proposed date of filing of such registration
statement. Such notice to the Registered Holder shall continue to be given for each registration statement filed by the Company until
such time as all of the Redemption Shares have been sold by the Registered Holder. The Registered Holder shall exercise the “piggy-back”
rights provided for herein by giving written notice, within five (5) days of the receipt of the Company’s notice of its intention
to file a registration statement. There shall be no limit on the number of times the Registered Holder may request registration under
this Section 3.d.

 

     

     

    

 

4.            Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given
upon the earlier of actual receipt, or (a) personal delivery to the party to be notified, (b) when sent, if sent by electronic
mail during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next business
day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or
(d) one (1) business day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next business
day delivery, with written verification of receipt. All communications shall be sent to the respective parties at their address as set
forth below, or to such e-mail address, or address as subsequently modified by written notice given in accordance with this Section 4.

 

	if to the Company:	 	
    Synchronoss Technologies, Inc.

    200 Crossing Blvd.

    Bridgewater, NJ 08807

    Facsimile No: (908) 231-0762

    Attention: Ronald Prague, Esq.,

    Executive Vice President and General Counsel

    Email: legal@synchronoss.com

	 	 	 
	with a copy to:	 	Gunderson Dettmer Stough Villeneuve

Franklin & Hachigian, LLP

One Marina Park Drive, Suite 900

Boston, MA 02210

Facsimile No: (617) 648-9199

Attention: Marc Dupré, Esq.

Email: mdupre@gunder.com,
	 	 	 
	if to B. Riley:	 	
    c/o B. Riley Financial, Inc.

    11100 Santa Monica Blvd., Suite 800

    Los Angeles, CA 90025

    Attention: Alan N. Forman, Esq.

    Email: aforman@brileyfin.com

	 	 	 
	with a copy to:	 	
    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

    One Financial Center

    Boston, MA 02111

    Attention: Ed Pease, Esq.

    Email: ecpease@mintz.com

 

     

     

    

 

5.            Governing
Law; Venue. This Agreement shall be governed by the internal law of the State of Delaware, without regard to conflict of law principles
that would result in the application of any law other than the law of the State of Delaware. The Parties (i) hereby irrevocably and
unconditionally submit to the jurisdiction of the state courts of Delaware and to the jurisdiction of the United States District Court
for the District of Delaware for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (ii) agree
not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in the state courts of Delaware
or the United States District Court for the District of Delaware, and (iii) hereby waive, and agree not to assert, by way of motion,
as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of
the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought
in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof
may not be enforced in or by such court.

 

Waiver
of Jury Trial: TO THE FULLEST EXTENT PERMITTED BY LAW, EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE
OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, OR THE SUBJECT MATTER HEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING
OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING,
WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS.
EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH
PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

6.            Termination.

 

a.            Subject
to paragraph c. below, this Agreement shall terminate and be of no further force and effect (“Termination”) immediately
upon the failure of B. Riley and/or its Affiliates to beneficially own at least five percent (5%) of the outstanding shares of Common
Stock (based on the number of shares of Common Stock outstanding immediately following the Closing and without regard to any equity issuances
(other than equity issuances under the Company’s equity plans) occurring after the Closing) (the “Termination Event”).

 

b.            Notwithstanding
paragraph a. above, as soon as practicable, but in any event no later than three (3) business days after the occurrence of the Termination
Event of which B. Riley becomes aware, B. Riley shall provide notice to the Company that the Termination Event has occurred and that this
Agreement has been terminated.

 

c.            In
the event that the Company becomes aware that the Termination Event has occurred prior to receiving notice from B. Riley as required by
paragraph b. above, the Company shall provide notice to B. Riley that it believes that the Termination Event has occurred (the “Company
Notice”), and upon B. Riley’s written confirmation to the Company (such confirmation not to be unreasonably withheld or
delayed, but in any event, shall be provided within three (3) business days of receiving the Company Notice) that the Termination
Event has occurred, this Agreement shall be deemed terminated in accordance with paragraph a. above and, if requested by the Company,
the B. Riley Nominee shall promptly resign as a member of the Board and any committees thereof.

 

     

     

    

 

		7.	Miscellaneous.

 

a.            The
Company agrees to reimburse B. Riley promptly for reasonable documented out-of-pocket expenses incurred in connection with the B. Riley
Nominee’s and the Observer’s attendance at Board and Committee meetings, if applicable; provided, however, that all
reimbursements payable by the Company pursuant to this Section 7.a. shall be payable in accordance with and subject to the Company’s
policies and practices with respect to director expense reimbursement then in effect.

 

b.            The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision.
Solely to the extent that any provision or restriction contained in this Agreement is found by a court to be unreasonable or unenforceable,
then such court may amend or modify any such provision or restriction so it can be enforced to the fullest extent permitted by law.

 

c.            The
section headings in this Agreement have been inserted as a matter of convenience of reference and are not a part of this Agreement. This
Agreement may be executed by electronic signature in any number of counterparts, each of which together shall constitute one and the same
instrument.

 

d.            Any
waiver by any Party hereto of a breach of any provision of this Agreement shall not operate or be construed to be a waiver of any other
breach of such provision or of any breach of any other provision of this Agreement. The failure of a Party to insist on strict adherence
to any term of this Agreement on one or more occasions shall not be construed as a waiver or deprive such Party of the right to thereafter
insist on strict adherence to that term or any other term of this Agreement.

 

e.            This
Agreement constitutes the entire agreement and understanding of the Parties, and supersedes any and all previous agreements and understandings,
whether oral or written, between the Parties regarding the matters set out in this Agreement. No provision of this Agreement may be amended,
modified or waived, except in a writing signed by the Parties hereto. This Agreement and the rights described herein may not be assigned
by B. Riley or B. Riley Principal Investments.

 

[Signature page follows]

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the date first written above:

 

	 	
    SYNCHRONOSS TECHNOLOGIES, INC.

	 	 
	 	By:	/s/ Jeff Miller                            
	 	Name:	Jeff Miller
	 	Title:	Chief Executive Officer and President

 

	 	B. RILEY
    FINANCIAL, INC.

	 	 
	 	By:	/s/
    Daniel B. Shribman
	 	Name:	Daniel B. Shribman
	 	Title:	CEO

 

	 	B. RILEY PRINCIPAL INVESTMENTS,
    LLC
	 	 	 
	 	By:	/s/ Daniel B.
    Shribman
	 	Name:	Daniel B. Shribman
	 	Title:	CEO

 

[Signature
Page to Investor Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]