Document:

Shareholders' Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 SHAREHOLDERS’ AGREEMENT 
 DATED AS OF MARCH 31, 2009 
 AMONG

 POLARIS ACQUISITION CORP. 
 AND 
 THE PERSONS LISTED ON THE SCHEDULES HERETO 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I
	
	DEFINITIONS
	Section 1.1	  	Definitions	  	1
	
	ARTICLE II
	
	BOARD RIGHTS; MANAGEMENT ARRANGEMENTS
			
	Section 2.1	  	Board of Directors	  	10
	Section 2.2	  	Founder Replacement Director	  	10
	Section 2.3	  	Apollo Replacement Director	  	10
	Section 2.4	  	Termination of Director Appointment Right	  	10
	Section 2.5	  	Unaffiliated Director	  	10
	Section 2.6	  	Company Preferred Shareholders	  	11
	Section 2.7	  	Voting Rights	  	11
	
	ARTICLE III
	
	TRANSFER RESTRICTIONS
			
	Section 3.1	  	Company Common Shareholders Transfer Restrictions	  	11
	Section 3.2	  	Company Preferred Shareholders Transfer Restrictions	  	11
	Section 3.3	  	Founder Transfer Restrictions	  	12
	Section 3.4	  	Voting of Escrowed Shares	  	13
	
	ARTICLE IV
	
	REGISTRATION RIGHTS
			
	Section 4.1	  	Demand Registration	  	13
	Section 4.2	  	Piggy-Back Registration	  	18
	Section 4.3	  	Registrations Pursuant to Rule 415	  	20
	
	ARTICLE V
	
	REGISTRATION PROCEDURES
			
	Section 5.1	  	Filings; Information	  	22
	Section 5.2	  	Obligation to Suspend Distribution	  	25
	Section 5.3	  	Registration Expenses	  	26

  

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	 Section 5.4
	  	Information	  	27
	 Section 5.5
	  	Additional Registration Procedures for the Company Preferred Shareholders	  	27
	
	 ARTICLE VI

	
	 INDEMNIFICATION AND CONTRIBUTION

			
	 Section 6.1
	  	Indemnification by Parent	  	29
	 Section 6.2
	  	Indemnification by the Registrable Securityholders	  	29
	 Section 6.3
	  	Conduct of Indemnification Proceedings	  	30
	 Section 6.4
	  	Contribution	  	31
	
	 ARTICLE VII

	
	 RULE 144 REPORTING

			
	 Section 7.1
	  	Rule 144	  	31
	
	 ARTICLE VIII

	
	 TERMINATION; MERGERS AND RECAPITALIZATIONS

			
	 Section 8.1
	  	Termination	  	32
	 Section 8.2
	  	Mergers and Recapitalizations	  	32
	
	 ARTICLE IX

	
	 MISCELLANEOUS

			
	 Section 9.1
	  	Charter and Bylaws	  	33
	 Section 9.2
	  	Other Registration Rights	  	33
	 Section 9.3
	  	Assignment; No Third Party Beneficiaries	  	33
	 Section 9.4
	  	Notices	  	33
	 Section 9.5
	  	Severability	  	34
	 Section 9.6
	  	Counterparts	  	36
	 Section 9.7
	  	Entire Agreement	  	36
	 Section 9.8
	  	Modifications and Amendments	  	36
	 Section 9.9
	  	Joinder	  	36
	 Section 9.10
	  	Titles and Headings	  	36
	 Section 9.11
	  	Waivers and Extensions	  	36
	 Section 9.12
	  	Remedies Cumulative	  	36
	 Section 9.13
	  	Governing Law	  	36
	 Section 9.14
	  	Waiver of Trial by Jury	  	36
	 Section 9.15
	  	Effectiveness	  	36
	 Section 9.16
	  	Exclusive Jurisdiction	  	36
	 Section 9.17
	  	Construction	  	37

  

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 THIS SHAREHOLDERS’ AGREEMENT (this “Agreement”), dated as of March 31, 2009,
among Polaris Acquisition Corp. (“Parent”), a Delaware corporation, and each of the Persons listed on Schedule I hereto (each, a “Company Common Shareholder” and, collectively, the “Company Common
Shareholders”), the Persons listed on Schedule II hereto (each a “Company Preferred Shareholder” and, collectively, the “Company Preferred Shareholders”), and the Persons listed on Schedule III hereto
(each, a “Founder” and, collectively, the “Founders”). 
 In consideration of the mutual covenants
and agreements herein contained and other good and valid consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Definitions. The following capitalized terms used herein have the following meanings: 
 “Affiliate” means, with respect to any Person, (a) any other Person which directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, such Person, and (b) any Person who shares a common investment advisor. The term “control” (including the terms “controlling,” “controlled
by” and “under common control with”) as used with respect to any Person means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such person or entity, whether through
the ownership of voting securities, by contract or otherwise. 
 “Agreement” means this Agreement, as amended, restated,
supplemented or otherwise modified from time to time. 
 “Apollo” mean Communications Investors LLC. 
 “Apollo Designee” has the meaning set forth in Section 2.1(b). 
 “Apollo Replacement Director” has the meaning set forth in Section 2.3. 
 “Apollo Voting Shares” has the meaning set forth in Section 2.4. 
 “Appraisal Procedure” means the following procedure to determine the Fair Market Value of the Common Stock (the “Valuation
Amount”). The Valuation Amount shall be determined in good faith by the Board with written notice thereof to the Company Preferred Shareholders describing in reasonable detail the methodology used by the Board in making the determination;
provided, however, that if any Required Holders shall object to the Valuation Amount in writing within fifteen (15) days of receipt of notice of the Valuation Amount, the Valuation Amount shall be determined by an investment
banking firm of national reputation, which firm shall be reasonably acceptable to the Board and the Required Holders. If the Board and the Required Holders are unable to agree upon an acceptable investment banking firm within ten (10) days
after the date either party proposed that one be selected, the investment banking 

 
firm will be selected by an arbitrator located in New York City, New York, selected by the American Arbitration Association (or if such organization ceases
to exist, the arbitrator shall be chosen by a court of competent jurisdiction). The arbitrator shall select the investment banking firm (within ten (10) days of his appointment) from a list, jointly prepared by the Board and the Required
Holders, of not more than six (6) investment banking firms of national reputation in the United States, of which no more than three (3) may be named by the Board and no more than three (3) may be named by the Required Holders. The
arbitrator may consider, within the ten (10) day period allotted, arguments from the parties regarding which investment banking firm to choose, but the selection by the arbitrator shall be made in its sole discretion from the list of six (6).
The Board and the Required Holders shall submit their respective valuations and other relevant data to the investment banking firm, and the investment banking firm shall, within thirty (30) days of its appointment, make its own determination of
the Valuation Amount. The determination of the final Valuation Amount by such investment banking firm shall be final and binding upon the parties. Parent shall bear all of the fees and expenses of the investment banking firm and arbitrator (if any)
used to determine the Valuation Amount unless the final Valuation Amount is within 5% of the Valuation Amount determined by the Board and set forth in the initial notice thereof, in which case, Parent shall bear one-half of such fees and expenses,
and the Company Preferred Shareholders requesting such appraisal procedure shall bear one-half of such fees and expenses (on a Pro Rata basis among such Company Preferred Shareholders based on their relative levels of ownership of Common Stock
(excluding shares of Common Stock owned beneficially or of record prior to the Closing)). If required by any such investment banking firm or arbitrator, Parent shall execute a retainer and engagement letter containing reasonable terms and
conditions, including, without limitation, customary provisions concerning the rights of indemnification and contribution by Parent in favor of such investment banking firm or arbitrator and its officers, directors, partners, employees, agents and
Affiliates. 
 “Blackout Period” has the meaning set forth in Section 5.1(c). 
 “Board” means the board of directors of Parent. 
 “Business Day” means any day that is not a Saturday or Sunday or a day on which banks are required or permitted to be closed in the State of New York. 
 “Change of Control or Reorganization Event” has the meaning set forth in Exhibit A to the Merger Agreement. 
 “Closing” the closing of the Merger. 
 “Closing Date” means March 31, 2009. 
 “Commission” means the
Securities and Exchange Commission, or any other federal agency then administering the Securities Act or the Exchange Act. 
 “Common
Escrowed Earnout Shares” has the meaning set forth in Exhibit A to the Merger Agreement. 
  

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 “Common Stock” means the common stock, par value $0.0001 per share, of Parent and any
other capital stock of any class or series of Parent and any shares of capital stock issuable upon the conversion, exercise or exchange of securities of Parent convertible into, or exercisable or exchangeable for, any such common stock or other
capital stock of Parent. 
 “Common Transaction Shares” has the meaning set forth in Section 2.6(c) of the Merger
Agreement. 
 “Company” means Hughes Telematics, Inc., a Delaware corporation. 
 “Company Common Shareholder” has the meaning set forth in the preamble to this Agreement. 
 “Company Common Shareholder Demand Registration” has the meaning set forth in Section 4.1(a). 
 “Company Common Shareholder Demand Participant” has the meaning set forth in Section 4.1(a). 
 “Company Preferred Shareholder” has the meaning set forth in the preamble to this Agreement. 
 “Company Preferred Shareholder Demand Registration” has the meaning set forth in Section 4.1(b). 
 “Company Preferred Shareholder Demand Participant” has the meaning set forth in Section 4.1(b). 
 “Converted Options” has the meaning set forth in Section 2.6(g) of the Merger Agreement. 
 “Converted Options Shares” has the meaning set forth in Section 2.6(g) of the Merger Agreement. 
 “Converting Party” has the meaning set forth in Section 4.1(f)(ii). 
 “Co-Sale Agreement” means the Amended and Restated Co-Sale and Stock Restriction Agreement, dated as of March 12, 2009, by and
among the Company, Apollo, the Company Preferred Shareholders and certain other securityholders of the Company. 
 “Delay
Period” has the meaning set forth in Section 5.1(a). 
 “Demand Registration” means either (i) a Company
Common Shareholder Demand Registration, (ii) a Company Preferred Shareholder Demand Registration or (iii) a Founder Demand Registration, as the case may be. 
 “Demand Participant” means (i) the Company Common Shareholder Demand Participants if a Company Common Shareholder Demand Registration is demanded pursuant to Section 4.1(a), (ii) the
Company Preferred Shareholder Demand Participant if a Company Preferred Shareholder Demand Registration is demanded pursuant to Section 4.1(b), or (iii) a Company Founder Demand Participant if a Founder Demand Registration is demanded
pursuant to Section 4.1(c). 
  

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 “Demanding Party” means (i) the Majority-in-interest of the Company Common
Shareholders if a Company Common Shareholder Demand Registration is demanded pursuant to Section 4.1(a), (ii) the Required Holders if a Company Preferred Shareholder Demand Registration is demanded pursuant to Section 4.1(b), or
(iii) a Majority-in-interest of the Founders if a Founder Demand Registration is demanded pursuant to Section 4.1(c). 
 “Earnout Options” has the meaning set forth in Section 2.6(g) of the Merger Agreement. 
 “Effectiveness Deadline” has the meaning set forth in Section 4.3(c)(i). 
 “Effectiveness
Failure” has the meaning set forth in Section 4.3(c)(ii). 
 “Effectiveness Period” has the meaning set forth
in Section 5.1(c). 
 “Escrow Agreement” means the Escrow Agreement, dated as of the date hereof, between Parent,
Communications Investors LLC, as escrow representative, and Continental Stock Transfer & Trust Company, as escrow agent. 
 “Escrowed Earnout Shares” has the meaning set forth in Exhibit A to the Merger Agreement. 
 “Escrowed
Indemnity Shares” has the meaning set forth in Section 2.10 of the Merger Agreement. 
 “Escrowed Sponsor Earnout
Shares” has the meaning set forth in Section 2.8(b) of the Merger Agreement. 
 “Escrow Period” means the
period of time up until no Escrowed Earnout Shares or Escrowed Indemnity Shares remain in escrow pursuant to the Escrow Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder, all as the same shall be in effect at the time. 
 “Fair Market Value” means $10 (subject to adjustments for stock dividends, stock splits, reverse stock splits, combinations and similar
events); provided, however, that to the extent that Parent elects to pay any portion of the penalty set forth in Section 4.3(c)(ii) in additional shares of Common Stock, then for purposes of determining the number of shares to be
so issued as payment “Fair Market Value” shall mean the average closing price of a share of the Common Stock as reported on the principal exchange, electronic trading network or recognized quotation system on which the Common Stock is then
listed or quoted over the ten (10) trading days ending on, as the case may be, the six (6) month anniversary of the Closing, the last Business Day of each thirty (30) day period thereafter, or the date a Registration Statement is
declared effective; provided, further, that, in the event the shares are not listed for trading on an 

  

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exchange or quoted on an electronic trading network or recognized quotation system, the Fair Market Value shall be determined in accordance with the
Appraisal Procedure; provided, further, that if, on the first date of any Effectiveness Failure and at any time thereafter, the number of shares of Common Stock outstanding immediately following the consummation of the Merger has been
or is increased or decreased by stock dividends, stock splits, reverse splits, combinations or similar transactions, then, following the record date or effective date to determine shares affected by such a transaction, the portion of the penalty to
be paid in shares of Common Stock shall be appropriately decreased or increased by multiplying the amount of shares specified by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately prior to such change
and the denominator of which is the number of shares of Common Stock outstanding immediately after such change. 
 “First
Target” has the meaning set forth in Section 2.8(c) of the Merger Agreement. 
 “Form S-3” means Form S-3 or
any similar short-form registration which may be available at such time. 
 “Founder” has the meaning set forth in the
preamble to this Agreement. 
 “Founder Demand Registration” has the meaning set forth in Section 4.1(c). 

“Founder Demand Participant” has the meaning set forth in Section 4.1(c). 
 “Founder Replacement Director” has the meaning set forth in Section 2.2. 
 “Founder Shares” means the shares of Common Stock owned or held by the Founders, including shares of Common Stock issued to the Founders
upon exercise of the Founder Warrants. 
 “Founder Warrants” means the warrants purchased privately by certain of the
Founders simultaneously with the consummation of Parent’s initial public offering. 
 “Full Cooperation” means, in
connection with any underwritten offering, where, in addition to the cooperation otherwise required by this Agreement, (a) members of senior management of Parent (including the chief executive officer and chief financial officer) fully
cooperate with the underwriter(s) in connection therewith and make themselves available to participate in “due diligence” sessions and “road-show” and other customary marketing activities in such locations (domestic and foreign)
as recommended by the underwriter(s), including conference calls and one-on-one meetings with prospective purchasers of the Registrable Securities, and (b) Parent prepares preliminary and final prospectuses for use in connection therewith
containing such additional information as reasonably requested by the underwriter(s) (in addition to the minimum amount of information required by law, rule or regulation). 
 “Fully Marketed Underwritten Offering” means an underwritten offering in which there is Full Cooperation. 
  

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 “Governmental Authority” means any federal, state, local or foreign government,
executive official thereof, governmental or regulatory authority, agency or commission, including courts of competent jurisdiction, domestic or foreign. 
 “Indemnified Party” has the meaning set forth in Section 6.3. 
 “Indemnifying
Party” has the meaning set forth in Section 6.3. 
 “Lock-up Agreement” has the meaning set forth in
Section 4.1(e)(i). 
 “Majority-in-interest” means, as to any group of Persons from time to time, the owners of greater
than fifty percent (50%) of the Common Stock held by such Persons on a fully-diluted basis. 
 “Maximum Number of
Shares” has the meaning set forth in Section 4.1(f). 
 “Merger” means the transaction contemplated by the
Second Amended and Restated Agreement and Plan of Merger, dated as of March 12, 2009 (as amended, restated, supplemented or otherwise modified, the “Merger Agreement”), by and between Parent and the Company. 
 “Notices” has the meaning set forth in Section 9.4. 
 “Parent” means Polaris Acquisition Corp., a Delaware corporation (as such entity will be renamed HUGHES Telematics, Inc. in the Merger). 
 “Permitted Company Common Shareholder Transferees” has the meaning set forth in Section 3.1(a). 
 “Permitted Company Preferred Shareholder Transferees” has the meaning set forth in Section 3.2(a). 
 “Permitted Founder Transferees” has the meaning set forth in Section 3.3(b). 
 “Permitted Founder Earnout Shares Transferees” has the meaning set forth in Section 3.3(a). 
 “Permitted Founder Warrants Transferees” has the meaning set forth in Section 3.3(b). 
 “Permitted Transferees” has the meaning set forth in Section 3.2(a). 
 “Person” means an individual, a partnership (general or limited), a corporation, a limited liability company, an association, a joint
stock company, Governmental Authority, a business or other trust, a joint venture, any other business entity or an unincorporated organization. 
 “Piggy-Back Registration” has the meaning set forth in Section 4.2(a). 
  

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 “Pro Rata” means as to a particular Person, pro rata in accordance with the number of
shares of Common Stock that each such Person has requested be included in a respective Registration, regardless of the number of shares of Common Stock held by each such Person. 
 “Register,” “Registered” and “Registration” mean a registration effected by preparing and filing a
registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement becoming effective. 
 “Registrable Securities” means (i) all Common Stock owned or held by the Company Common Shareholders (and the Permitted Company
Common Shareholder Transferees), (ii) all Common Stock owned or held by the Company Preferred Shareholders (and the Permitted Company Preferred Shareholder Transferees), other than any Common Stock owned or held by the Company Preferred
Shareholders as a result of the units sold to the Company Preferred Shareholders under Parent’s Registration Statement on Form S-1 (File No. 333-145759), (iii) all Common Stock and Founder Warrants and shares of Common Stock
underlying Founder Warrants owned or held by the Founders (and the Permitted Founder Transferees), together with any shares of Common Stock issued in respect of any of the foregoing upon a stock split, distribution or otherwise. As to any particular
Registrable Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have
been Transferred in accordance with such Registration Statement; (b) such securities shall have been otherwise Transferred, new certificates for them not bearing a legend restricting further Transfer shall have been delivered by Parent and
subsequent public distribution of them shall not require Registration under the Securities Act; (c) such securities shall have ceased to be outstanding; or (d) the Registrable Securities are saleable under Rule 144 and not subject to the
volume restriction therein; provided, however, that if, within four (4) years after the date of this Agreement, any shares of Common Stock cease to be Registrable Securities by virtue of clause (d) above and Rule 144
subsequently becomes unavailable to permit the resale thereof, such shares shall once again be considered Registrable Securities; provided, further, if, four (4) years after the date of this Agreement, any shares of Common Stock cease to
be Registrable Securities by virtue of clause (d) above and Rule 144 subsequently becomes unavailable to permit the sale thereof, such shares shall not be Registrable Securities. Notwithstanding anything herein to the contrary, for purposes of
Sections 4.1, 4.2 and 4.3(a) and (b), the term “Registrable Securities” shall only include those Registrable Securities for which the Transfer restriction applicable to such Registrable Securities, as set forth in Section 3.1 hereof,
has expired, and for purposes of Section 4.3(c), the term “Registrable Securities” shall mean all Registrable Securities irrespective of the Transfer restrctions set forth in Section 3.1. 
 “Registrable Securityholders” means, for so long as any such Person holds Registrable Securities, collectively, (i) the Founders,
(ii) the Company Preferred Shareholders, (iii) the Company Common Shareholders, and (iv) Persons who or which have acquired shares of Registrable Securities from, and are Permitted Transferees of, any of the Persons referred to in
clauses (i), (ii) and (iii) or their Permitted Transferees (or any combination of the foregoing). 
  

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 “Registrable Securityholders Indemnified Party” has the meaning set forth in
Section 6.1. 
 “Registration Statement” means a registration statement filed by Parent with the Commission in
compliance with the Securities Act and the rules and regulations promulgated thereunder for a public offering and sale of Common Stock (other than a registration statement on Form S-4 or Form S-8, or their successors, or any registration statement
covering only securities proposed to be issued in exchange for securities or assets of another entity). 
 “Required
Holders” means the Company Preferred Shareholders that own Common Stock with a RH Fair Market Value of at least $10,000,000, in the aggregate; provided, however, that, notwithstanding anything herein to the contrary, a
majority-in-interest (based on the relative number of Registrable Securities held by each of them) of the Company Preferred Shareholders listed on Schedule IV hereto shall be entitled to at least one Company Preferred Shareholder Demand Registration
pursuant to Section 4.1(b) hereof. 
 “RH Fair Market Value” means the average closing price of a share of the Common
Stock as reported on the principal exchange, electronic trading network or recognized quotation system on which the Common Stock is then listed or quoted over the ten (10) most recent trading days; provided, that, in the event the shares
are not listed for trading on an exchange or quoted on an electronic trading network or recognized quotation system, the RH Fair Market Value shall be determined in good faith by the Board, subject to reasonable and customary appraisal rights of the
Company Preferred Shareholders. 
 “Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act,
as such rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same effect as such rule. 
 “Rule 415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same effect as such rule. 
 “Second Target” has the meaning set forth in Section 2.8(d) of the Merger Agreement. 
 “Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder, all as the same shall be in effect at the time. 
 “Series B Purchase Agreement” means the Stock Purchase Agreement dated as of March 12, 2009, by and among the Company and the
Company Preferred Shareholders. 
 “Stock Escrow Agreement” means the Stock Escrow Agreement, dated as of January 11,
2008, by and among Parent, certain of the Founders and Continental Stock Transfer & Trust Company. 
  

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 “Subscription Agreement” means the Subscription Agreements, in the form filed as an
exhibit to Parent’s Registration Statement on Form S-1 (File No. 333-145759), among Polaris, Graubard Miller and each of the Founders. 
 “Suspension Notice” has the meaning set forth in Section 5.1(c). 
 “Third Target” has the
meaning set forth in Section 2.8(e) of the Merger Agreement. 
 “Trading Market” shall mean whichever of the New York
Stock Exchange, the New York Stock Exchange Alternext, the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, the OTC Bulletin Board, or in each case, any successor market, the Common Stock is listed or quoted on for
trading on the date in question. 
 “Transfer” means to (a) directly or indirectly offer, sell, contract to sell,
exchange, pledge or otherwise dispose of any Common Stock or other equity securities of Parent, (b) enter into any transaction which is designed to, or would reasonably be expected to, result in the disposition, whether by actual disposition or
effective economic disposition due to cash settlement or otherwise, of Common Stock or other equity securities of Parent (including the filing or participation in the filing of a Registration Statement with the Commission), or (c) establish or
increase a put equivalent position or liquidate or decrease a call equivalent position relating to Common Stock or other equity securities of Parent within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated
thereunder. “Transferred” and “Transferee” each have a correlative meaning. 
 “Unaffiliated Directors”
means an “independent” director as defined in the applicable stock exchange rules who has not had, for the preceding two years, a material relationship with Apollo Global Management, LLC or its Affiliates. 
 “Underwriter” or “Underwriters” means a securities dealer or dealers who purchases any Registrable Securities as
principal in an Underwritten Offering and not as part of such dealer’s or dealers’ market-making activities. 
 “Underwritten Offering” means a sale of securities of Parent to an Underwriter or Underwriters for reoffering to the public. 
 “Warrant Escrow Agreement” means the Warrant Escrow Agreement, dated as of January 11, 2008, by and among Parent, certain of the Founders and Continental Stock Transfer & Trust Company.

  

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 ARTICLE II 
 BOARD RIGHTS; MANAGEMENT ARRANGEMENTS 
 Section 2.1 Board of Directors. Simultaneously
with the Closing, Parent shall take all necessary actions within its control, in order to cause: 
 (a) Authorized
Number. The number of directors serving on the Board to be nine (9). 
 (b) Members. The election to the Board of
the following persons: (i) Jeffrey A. Leddy, Andrew D. Africk, Matthew H. Nord, Aaron Stone, Steven Martinez and Warren Lieberfarb, each of whom was designated by Apollo (each, an “Apollo Designee”), (ii) Marc V. Byron,
who was designated by the Board, and (iii) Andrew P. Hines and Mark Van Stekelenburg, each of whom was mutually designated by the Board together with Apollo. 
 Section 2.2 Founder Replacement Director. In the event of the death, disability, disqualification, resignation or removal of Marc Byron or his failure to be elected prior to the expiration of the Escrow
Period, Parent shall nominate for election to the Board a replacement (the “Founder Replacement Director”) identified by a Majority-in-interest of the Founders, who shall be entitled to serve until the expiration of the Escrow
Period. In the event of the death, disability, disqualification, resignation or removal of the Founder Replacement Director prior to the expiration of the Escrow Period, a new Founder Replacement Director shall be identified by a
Majority-in-interest of the Founders, who shall be entitled to serve until the expiration of the Escrow Period. Such Founder Replacement Director must meet all applicable requirements or qualifications under applicable law, stock exchange rules and
Parent’s organizational documents to be a member of the Board. Nothing herein shall be deemed to require that any party hereto, or any Affiliate thereof, act or be in violation of any applicable provision of law, legal duty or requirement, or
stock exchange or stock market rule. 
 Section 2.3 Apollo Replacement Director. In the event of the death, disability,
disqualification, resignation or removal of any Apollo Designee or failure of any Apollo Designee to be elected prior to the expiration of the Escrow Period, Apollo shall nominate for election to the Board a replacement (the “Apollo
Replacement Director”) identified by Apollo, who shall be entitled to serve until the expiration of the Escrow Period. In the event of the death, disability, disqualification, resignation or removal of the Apollo Replacement Director prior
to the expiration of the Escrow Period, a new Apollo Replacement Director shall be identified by Apollo, who shall be entitled to serve until the expiration of the Escrow Period. Such Apollo Replacement Director shall meet any applicable
requirements or qualifications under applicable law, stock exchange rules and Parent’s organizational documents to be a member of the Board. Nothing herein shall be deemed to require that any party hereto, or any Affiliate thereof, act or be in
violation of any applicable provision of law, legal duty or requirement, or stock exchange or stock market rule. 
 Section 2.4
Termination of Director Appointment Right. Apollo shall vote all shares of Common Stock held of record or beneficially owned by Apollo, but only to the extent it exercises voting power with respect to such shares (the “Apollo Voting
Shares”) in favor of Marc Byron or the Founder Replacement Director nominated by Parent until the earlier of (i) the termination of the Escrow Period and (ii) the date when the Founders hold less than fifty percent (50%) of
the outstanding shares of Common Stock held by the Founders at the Closing. 
 Section 2.5 Unaffiliated Director. Apollo shall
vote the Apollo Voting Shares such that, for the duration of the Escrow Period, the Board shall at all times include Marc Byron or the Founder Replacement Director or, if no such person is still a member of the Board, at least one Unaffiliated
Director. 
  

 10 

 Section 2.6 Company Preferred Shareholders. The provisions of this Article II do not apply
to the Company Preferred Shareholders, the Company Common Shareholders (other than Apollo) or the Founders, except with respect to the right of the Founders to identify Founder Replacement Directors pursuant to Section 2.2. 
 Section 2.7 Voting Rights. Notwithstanding anything herein to the contrary, the agreements, rights and obligations set forth in this
Article II are between Parent and Apollo and, separately, between Parent and the Founders. 
 ARTICLE III 
 TRANSFER RESTRICTIONS 
 Section
3.1 Company Common Shareholders Transfer Restrictions. 
 (a) Each Company Common Shareholder agrees not to
Transfer any Common Transaction Shares or Converted Option Shares underlying Converted Options, in each case for twenty-four (24) months following the Closing, except (i) by gift to a member of such Company Common Shareholder’s
immediate family or to a trust, the beneficiary of which is such Company Common Shareholder or a member of such Company Common Shareholder’s immediate family, (ii) by virtue of the laws of descent and distribution upon death of such
Company Common Shareholder, (iii) to an Affiliate or (iv) pursuant to a qualified relations order; provided, however, that such permissive transfers shall be implemented only upon the respective transferee’s written
agreement to be bound by the terms and conditions of this Agreement in accordance with Section 9.9 hereof (the “Permitted Company Common Shareholder Transferees”). 
 (b) Each Company Common Shareholder agrees not to Transfer any Common Escrowed Earnout Shares or Converted Option Shares underlying
Earnout Options until (i) with respect to such shares released from escrow upon, the achievement of the First Target between the first and second anniversaries (including on the second anniversary) of the Closing Date, twelve (12) months
following the distribution to Company Common Shareholders of such shares from escrow and (ii) with respect to such shares released from escrow upon the achievement of the First Target after the second anniversary of the Closing Date, the Second
Target and Third Target, the earlier of (x) six (6) months following the distribution to Company Common Shareholders of such shares from escrow or (y) the fifth anniversary of the Closing Date; provided, however, that,
subject to compliance with Section 9.9 hereof, Company Common Shareholders may Transfer any Common Escrowed Earnout Shares or Converted Option Shares underlying Earnout Options to Permitted Company Common Shareholder Transferees without
restriction at any time. 
 Section 3.2 Company Preferred Shareholders Transfer Restrictions. 
 (a) Subject to Section 3.2(b), each Company Preferred Shareholder agrees not to Transfer any Preferred Transaction Shares for six
(6) months following the Closing, 

  

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except (i) by gift to a member of such Company Preferred Shareholder’s immediate family or to a trust, the beneficiary of which is such Company
Preferred Shareholder or a member of such Company Preferred Shareholder’s immediate family, (ii) by virtue of the laws of descent and distribution upon death of such Company Preferred Shareholders, (iii) to an Affiliate or
(iv) pursuant to a qualified relations order; provided, however, that such permissive transfers shall be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of this
Agreement in accordance with Section 9.9 hereof (the “Permitted Company Preferred Shareholder Transferees” and together with the Permitted Company Common Shareholder Transferees and Permitted Founder Transferees, the
“Permitted Transferees”). 
 (b) Parent shall promptly provide notice to each Company Preferred Shareholder
of any discretionary waiver or early termination of the Transfer restrictions of any Company Common Shareholder, Founder or officer or director of Parent and cause each Company Preferred Shareholder to receive, on a proportionate basis, the benefit
of any such waiver or termination. 
 Section 3.3 Founder Transfer Restrictions. 
 (a) Each Founder agrees not to Transfer any Founder Shares for twelve (12) months following the Closing, except (i) by gift to a
member of the Founder’s immediate family or to a trust, the beneficiary of which is a Founder or a member of a Founder immediate family, (ii) by virtue of the laws of descent and distribution upon death of any Founder, or
(iii) pursuant to a qualified domestic relations order; provided, however, that such permissive transfers shall be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of
this Agreement, in accordance with Section 9.9 hereof, and the Stock Escrow Agreement (the “Permitted Founder Earnout Shares Transferees”). 
 (b) Each Founder agrees not to Transfer any Founder Warrant for forty-five (45) days following the Closing, except (i) upon the
dissolution and liquidation of a Founder and the distribution of assets to its members; (ii) by gift to a immediate family member of a Founder’s members or to a trust, the beneficiary of which is a member of the Founder or a member of the
immediate family of the Founder members, (iii) by virtue of the laws of descent and distribution upon death of any member of a Founder, or (iv) pursuant to a qualified domestic relations order; provided, however, that such
permissive transfers may be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of this Agreement, in accordance with Section 9.9 hereof, and of the Subscription Agreement signed by
the Founder (the “Permitted Founder Warrant Transferees” and, together with the Permitted Founder Earnout Shares Transferees, the “Permitted Founder Transferees”). 
 (c) Each Founder agrees not to Transfer any Escrowed Sponsor Earnout Shares until (i) with respect to such shares released from
escrow upon the achievement of the First Target between the first and second anniversaries (including the second anniversary) of the Closing Date, twelve (12) months following the distribution to the Founders of such shares from escrow and
(ii) with respect to such shares released from escrow upon the achievement of the First Target after the second anniversary of the Closing Date, the earlier of (x) six (6) months following the distribution to the Founders of such
shares from escrow or (y) the fifth anniversary 

  

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of the Closing Date; provided, however, that, subject to compliance with Section 9.9 hereof, Founders may Transfer any Escrowed Sponsor
Earnout Shares to Permitted Founder Transferees without restriction at any time. 
 Section 3.4 Voting of Escrowed Shares.

 (a) Voting of Escrowed Earnout Shares. For any matters brought to a vote of the stockholders of Parent during such
time when any Escrowed Earnout Shares or Escrowed Sponsor Earnout Shares remain in escrow, each Company Common Shareholder, Company Preferred Shareholders and Founder shall be entitled to vote such Escrowed Earnout Shares without restriction
(provided that the Apollo Voting Shares shall be subject to the voting provisions of Article II hereof). 
 (b) Voting of
Escrowed Indemnity Shares. The Company Common Shareholders may vote the Escrowed Indemnity Shares without restriction. 
 ARTICLE IV

 REGISTRATION RIGHTS 
 Section 4.1 Demand Registration. 
 (a) Request by the Company Common Shareholders. At any time
following the expiration of the time period for the applicable Transfer restriction set forth in Section 3.1 hereof, but in no event less than 24 months from the Closing, a Majority-in-interest of the Company Common Shareholders (including any
Permitted Company Common Shareholders Transferees) may make a written demand for Registration under the Securities Act of all or any portion of their Registrable Securities (a “Company Common Shareholder Demand
Registration”). Any Company Common Shareholder Demand Registration shall specify the number of shares of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. Parent will notify all other Registrable
Securityholders of the demand, and each Company Common Shareholder who wishes to include all or a portion of such holder’s Registrable Securities in the Company Common Shareholder Demand Registration (each such holder including shares of
Registrable Securities in such Registration, a “Company Common Shareholder Demand Participant”) shall so notify Parent within fifteen (15) Business Days after the receipt by the Company Common Shareholders of the notice from
Parent. Upon any such request, the Company Common Shareholder Demand Participants shall be entitled to have their Registrable Securities included in the Company Common Shareholder Demand Registration, subject to Section 4.1(f) and the provisos
set forth in Section 5.1(a); provided, however, Parent shall not be obligated to effect (i) more than four (4) Company Common Shareholder Demand Registrations pursuant to this Section 4.1(a) or (ii) any Company
Common Shareholder Demand Registration pursuant to this Section 4.1(a) if the value of the Registrable Securities that the Company Common Shareholders propose to sell in their demand for a Company Common Shareholder Demand Registration is less
than $20,000,000; provided, further, that Registrable Securityholders may not demand that Parent include in any Company Common Shareholder Demand Registration any Registrable Securities that are Registered pursuant to an effective
Registration Statement. 
  

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 (b) Request by the Company Preferred Shareholders. At any time following the
expiration of the time period for the applicable Transfer restriction set forth in Section 3.2 hereof, but in no event less than six (6) months from the Closing, the Required Holders may make a written demand for Registration under the
Securities Act of all or any portion of their Registrable Securities (a “Company Preferred Shareholder Demand Registration”). Any Company Preferred Shareholder Demand Registration shall specify the number of shares of
Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. Parent will notify all other Company Preferred Shareholders of the demand, and each Company Preferred Shareholder who wishes to include all or a portion
of such holder’s Registrable Securities in the Company Preferred Shareholder Demand Registration (each such holder including shares of Registrable Securities in such Registration, a “Company Preferred Shareholder Demand
Participant”) shall so notify Parent within fifteen (15) Business Days after the receipt by the Company Preferred Shareholders of the notice from Parent. Upon any such request, the Company Preferred Shareholder Demand Participants
shall be entitled to have their Registrable Securities included in the Company Preferred Shareholder Demand Registration, subject to Section 4.1(f) and the provisos set forth in Section 5.1(a); provided, however, Parent shall
not be obligated to effect more than two (2) Company Preferred Shareholder Demand Registrations pursuant to this Section 4.1(b); provided, further, that Registrable Securityholders may not demand that Parent include in any
Company Preferred Shareholder Demand Registration any Registrable Securities that are Registered pursuant to an effective Registration Statement. 
 (c) Request by the Founders. At any time following the expiration of the time period for the applicable Transfer restriction set forth in Section 3.3 hereof, a Majority-in-interest of the Founders
(including Permitted Founder Transferees) may make a written demand for Registration under the Securities Act of all or any portion of their Registrable Securities that are not subject to the Transfer restrictions set forth in Section 3.3
hereof (a “Founder Demand Registration”). Any demand for a Founder Demand Registration shall specify the number of shares of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof.
Parent shall notify all other Founders of the demand, and each Founder who wishes to include all or a portion of such holder’s Registrable Securities in the Founder Demand Registration (each such holder including shares of Registrable
Securities in such Registration, a “Founder Demand Participant”) shall so notify Parent within fifteen (15) Business Days after the receipt by the Founders of the notice from Parent. Upon any such request, the Founder Demand
Participants shall be entitled to have their Registrable Securities included in the Founder Demand Registration, subject to Section 4.1(f) and the provisos set forth in Section 5.1(a); provided, however, Parent shall not be
obligated to effect (i) more than two (2) Founder Demand Registrations pursuant to this Section 4.1(c) or (ii) any Founder Demand Registration pursuant to this Section 4.1(c) if the value of the Registrable Securities that
the Founders propose to sell in their demand for a Founder Demand Registration is less than $2,000,000; provided, further, that Registrable Securityholders may not demand that Parent include in any Founder Demand Registration any
Registrable Securities that are Registered pursuant to an effective Registration Statement. 
 (d) Effective
Registration. A Registration will not count as a Demand Registration until the Registration Statement filed with the Commission with respect to such Demand Registration has been declared effective and Parent has complied with all of its 

  

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obligations under this Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared
effective, the offering of Registrable Securities pursuant to such Demand Registration is interfered with by any stop order or injunction of the Commission or any other governmental agency or court, the Registration Statement with respect to such
Demand Registration will be deemed not to have been declared effective, unless and until (i) such stop order or injunction is removed, rescinded or otherwise terminated and (ii) Demanding Party thereafter elects to continue the offering;
provided, further, that the Company shall not be obligated to file a second Registration Statement pursuant to this Section 4.1 until a Registration Statement that has been filed is counted as a Demand Registration or is terminated.

 (e) Fully Marketed Underwritten Offering. 
 (i) Initiated by the Company Common Shareholders. If after twenty (24) months following the Closing Date, a
Majority-in-interest of the Company Common Shareholders so elect, and such holders so advise Parent as part of a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of a Fully
Marketed Underwritten Offering; provided, however, Parent shall not be obligated (x) to effect more than one (1) such Fully Marketed Underwritten Offering pursuant to this Section 4.1(e)(i) or (y) to effect such a
Fully Marketed Underwritten Offering if the value of the Registrable Securities related to such Demand Registration is less than $20,000,000. If a Majority-in-interest of the Company Common Shareholders request a Fully Marketed Underwritten
Offering, Parent shall cause there to occur Full Cooperation in connection therewith. Subject to Section 5.1(g), all Registrable Securityholders proposing to distribute their securities through such Fully Marketed Underwritten Offering shall
(A) enter into an underwriting agreement in customary form with the Underwriter(s) selected for such underwriting by mutual agreement between a Majority-in-interest of the Company Common Shareholders and Parent, subject to such each parties
acting reasonably, and (B) if requested by the lead managing underwriter, enter into a customary lock-up agreement not to exceed 90 days (a “Lock-up Agreement”), with respect to any Registrable Securities not included in the
Fully Marketed Underwritten Offering. The right of any Registrable Securityholder to include its Registrable Securities in such Registration shall be conditioned upon such Registrable Securityholder’s participation in such underwriting and the
inclusion of such holder’s Registrable Securities in the underwriting to the extent provided herein. 
 (ii) Initiated
by Founders. If after twenty (24) months following the Closing Date, a Majority-in-interest of the Founders so elect, and the Founders so advise Parent as part of a Founder Demand Registration, the offering of such Registrable Securities
pursuant to such Founders Demand Registration shall be in the form of a Fully Marketed Underwritten Offering; provided, however, Parent shall not be obligated (x) to effect more than one (1) such Fully Marketed Underwritten
Offering pursuant to this Section 4.1(e)(ii) or (y) to effect such a Fully Marketed Underwritten Offering if the value of the Registrable Securities related to such Founder Demand Registration is less than $20,000,000. If a
Majority-in-interest of the Founders request a Fully Marketed 

  

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Underwritten Offering, Parent shall cause there to occur Full Cooperation in connection therewith. Subject to Section 5.1(g), all Registrable
Securityholders proposing to distribute their securities through such Fully Marketed Underwritten Offering shall (A) enter into an underwriting agreement in customary form with the Underwriter(s) selected for such underwriting by mutual
agreement between a Majority-in-interest of the Founders and Parent, subject to such each parties acting reasonably, and (B) if requested by the lead managing underwriter, enter into a Lock-up Agreement with respect to any Registrable
Securities not included in the Fully Marketed Underwritten Offering. The right of any Registrable Securityholder to include its Registrable Securities in such Registration shall be conditioned upon such Registrable Securityholder’s
participation in such underwriting and the inclusion of such holder’s Registrable Securities in the underwriting to the extent provided herein. 
 (iii) Initiated by Company Preferred Shareholders. If after twelve (12) months following the Closing Date, the Required Holders so elect, and the Required Holders so advise Parent as part of a Company
Preferred Shareholder Demand Registration, the offering of such Registrable Securities pursuant to such Company Preferred Shareholder Demand Registration shall be in the form of a Fully Marketed Underwritten Offering. If the Required Holders request
a Fully Marketed Underwritten Offering, Parent shall cause there to occur Full Cooperation in connection therewith. Subject to Section 5.1(g), all Registrable Securityholders proposing to distribute their securities through such Fully Marketed
Underwritten Offering shall (A) enter into an underwriting agreement in customary form with the Underwriter(s) selected for such underwriting by mutual agreement between the Required Holders participating in the Fully Marketed Underwritten
Offering and Parent, subject to such each parties acting reasonably, and (B) if requested by the lead managing underwriter, enter into a Lock-up Agreement with respect to any Registrable Securities not included in the Fully Marketed
Underwritten Offering. The right of any Registrable Securityholder to include its Registrable Securities in such Registration shall be conditioned upon such Registrable Securityholder’s participation in such underwriting and the inclusion of
such holder’s Registrable Securities in the underwriting to the extent provided herein. 
 (f) Reduction of
Offering. If the managing Underwriter(s) for a Demand Registration that is to be an Underwritten Offering advises Parent and the Demanding Party in good faith and in writing that the dollar amount or number of shares of Registrable Securities
that the Demanding Party desires to sell, taken together with all other shares of Common Stock or other equity securities that Parent desires to sell and the shares of Common Stock or other equity securities, if any, as to which Registration has
been requested pursuant to written contractual piggy-back registration rights held by other stockholders of Parent, exceeds the maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the
proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number of shares, as applicable, the “Maximum Number of Shares”), then Parent shall
include in such Registration, subject to Section 4.1(f)(ii), (u) first, the Registrable Securities as to which Demand 

  

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Registration has been requested by the Demanding Party, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (v) then, if the
Demand Registration has not been issued pursuant to 4.1(b), to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (u), the Registrable Securities, as to which Registration has been requested pursuant to
Section 4.2(a) by the Company Preferred Shareholders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (w) then, if the Demand Registration has not been issued pursuant to 4.1(a), to the extent that the Maximum
Number of Shares has not been reached under the foregoing clauses (u) and (v), the Registrable Securities, as to which Registration has been requested pursuant to Section 4.2(a) by the Company Common Shareholders, Pro Rata, that can be
sold without exceeding the Maximum Number of Shares; (x) then, if the Demand Registration has not been issued pursuant to 4.1(c), to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (u), (v) and
(w), the Registrable Securities, as to which Registration has been requested pursuant to Section 4.2(a) by the Founders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (y) then, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clauses (u), (v), (w) and (x), the shares of Common Stock or other equity securities that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; and
(z) then, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (u), (v), (w), (x) and (y), the shares of Common Stock or other equity securities for the account of other stockholders of Parent
that Parent is obligated to register pursuant to written contractual arrangements with such stockholders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares 
 (i) Parent shall give written notice of any proposed adjustment to the Registrable Securities included in any Registration Demand pursuant
to Section 4.1(f) to the holders of Registrable Securities include in such Registration Demand as soon as practicable, but in no event less than three (3) Business Days before the anticipated filing date, which notice shall describe the
amounts and type of adjustments to the securities included in such Registration. 
 (ii) Any of the parties, among the
Majority-in-interest of the Company Common Shareholders, the Required Holders and the Majority-in-interest of the Founders, electing to include any of their Registrable Securities in a Piggy-Back Registration pursuant to Section 4.2(a), may, to
the extent that such party may make a Demand Registration pursuant to this Section 4.1, within one (1) Business Day of receiving notice of any reduction in the amount of such parties Registrable Securities in a Piggy-Back Registration
pursuant to this Section 4.1(f), elect to have their request to be included in a Piggy-Back Registration deemed to be converted into a Demand Registration made by such party made pursuant to this Section 4.1 (“Converting
Party”). The Registrable Securities that the Converting Party has requested to be included the Demand Registration pursuant to Section 4.2(a) shall be included Pro Rata with the Registrable Securities as to which Demand Registration
has be requested for the purpose of Section 4.2(f), provided, however, that in the event a party elects to have their request to be included in a Piggy-Back Registration pursuant deemed to be converted into a Demand Registration,
such an election shall be counted as a Demand Registration for such party pursuant to this Section 4.1, subject to Section 4.1(d). 
  

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 (g) Withdrawal. If a Majority-in-interest of the Demand Participants disapproves
of the terms of any underwriting or is not entitled to include all of their Registrable Securities in any offering, such a Majority-in-interest of the Demand Participants may elect to withdraw from such offering by giving written notice to Parent
and the Underwriter(s) of their request to withdraw prior to the effectiveness of the applicable Registration Statement in accordance with Section 4.1(d). If such a Majority-in-interest of the Demand Participants withdraws from a proposed
offering relating to a Demand Registration, then such Registration shall not count as a Demand Registration. Notwithstanding any such withdrawal, Parent shall pay all expenses incurred by the Registrable Securityholders in connection with such
Demand Registration as provided in Section 5.3. 
 Section 4.2 Piggy-Back Registration. 
 (a) Piggy-Back Rights. Subject to the expiration of the time period for the applicable Transfer restrictions set forth
Section 3.1 hereof, if at any time on or after the Closing, Parent proposes to file a Registration Statement under the Securities Act with respect to an offering of Common Stock or other equity securities for its own account or for the accounts
of any Registrable Securityholders (including, without limitation, pursuant to Section 4.1), other than (i) a Registration Statement filed on Form S-8 or otherwise in connection with any employee stock option or other benefit plan,
(ii) a Registration Statement filed on Form S-4 or otherwise for an exchange offer or offering of securities solely to Parent’s existing stockholders, (iii) for an offering of debt that is convertible into equity securities of Parent,
including Common Stock, (iv) for a dividend reinvestment plan, or (v) in the case of the Company Common Shareholders and the Founders, for a Registration initiated by or on behalf of the Company Preferred Shareholders pursuant to
Section 4.3(c), then Parent shall (x) give written notice of such proposed filing to the Registrable Securityholders as soon as practicable, but in no event less than fifteen (15) Business Days before the anticipated filing date,
which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing Underwriter(s), if any, of the offering and (y) offer to the
Registrable Securityholders in such notice the opportunity to Register the sale of such number of shares of Registrable Securities as such holders may request in writing within ten (10) Business Days following receipt of such notice (a
“Piggy-Back Registration”). Parent shall cause such Registrable Securities to be included in such Registration and shall use its reasonable best efforts to cause the managing Underwriter(s) of a proposed Underwritten Offering to
permit the Registrable Securities requested to be included in a Piggy Back Registration on the same terms and conditions as any similar securities of Parent and to permit the sale or other disposition of such Registrable Securities in accordance
with the intended method(s) of distribution thereof. All Registrable Securityholders proposing to distribute their securities through a Piggy-Back Registration that involves an Underwriter(s) shall (i) enter into an underwriting agreement in
customary form with the Underwriter(s) selected for such Piggy-Back Registration and (ii) if requested, enter into a Lock-up Agreement with respect to any Registrable Securities not included in the Piggy-Back Registration. 
  

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 (b) Reduction of Offering. If the managing Underwriter(s) for a Piggy-Back
Registration that is to be an Underwritten Offering advises in good faith Parent and the Registrable Securityholders in writing that the dollar amount or number of shares of Common Stock or other equity securities that Parent desires to sell, taken
together the Registrable Securities as to which Registration has been requested pursuant this Section 4.2, and the shares of Common Stock or other equity securities, if any, as to which Registration has been requested pursuant to written
contractual piggy-back registration rights held by other stockholders of Parent, exceeds the Maximum Number of Shares, then Parent shall include in any such Registration: 
 (i) If the Registration is undertaken for Parent’s account: (v) first, the shares of Common Stock or other equity securities
that Parent desires to sell that can be sold without exceeding the Maximum Number of Shares; (w) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (v), the shares of Common Stock or other
equity securities, if any, comprised of Registrable Securities, as to which Registration has been requested pursuant to this Section 4.2 by the Company Preferred Shareholders, Pro Rata, that can be sold without exceeding the Maximum Number of
Shares; (x) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (v) and (w), the shares of Common Stock or other equity securities, if any, comprised of Registrable Securities, as to
which Registration has been requested pursuant to this Section 4.2 by the Company Common Shareholders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (y) fourth, to the extent that the Maximum Number of Shares
has not been reached under the foregoing clauses (v), (w) and (x), the shares of Common Stock or other equity securities, if any, comprised of Registrable Securities, as to which Registration has been requested pursuant to this Section 4.2
by the Founders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (z) fifth, to the extent that the Maximum Number of shares has not been reached under the foregoing clauses (v), (w), (x) and (y), the shares
of Common Stock or other equity securities for the account of other stockholders that Parent is obligated to register pursuant to written contractual piggy-back registration rights with such stockholders, Pro Rata, that can be sold without exceeding
the Maximum Number of Shares; 
 (ii) If the Registration is a “demand” Registration undertaken at the demand of
stockholders of Parent other than the Registrable Securityholders: (u) first, the shares of Common Stock or other equity securities for the account of the demanding stockholders, Pro Rata, that can be sold without exceeding the Maximum Number
of Shares; (v) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (u), the shares of Common Stock or other equity securities, if any, comprised of Registrable Securities, as to which
Registration has been requested pursuant to this Section 4.2 by the Company Preferred Shareholders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (w) third, to the extent that the Maximum Number of Shares has
not been reached under the foregoing clauses (u) and (v), the shares of Common Stock or other equity securities, if any, 

  

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comprised of Registrable Securities, as to which Registration has been requested pursuant to this Section 4.2 by the Company Common Shareholders, Pro
Rata, that can be sold without exceeding the Maximum Number of Shares; (x) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (u), (v) and (w), the shares of Common Stock or other
equity securities, if any, comprised of Registrable Securities, as to which Registration has been requested pursuant to this Section 4.2 by the Founders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (y) fifth,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (u), (v), (w) and (x), the shares of Common Stock or other equity securities that Parent desires to sell that can be sold without exceeding the
Maximum Number of Shares; and (z) sixth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (u), (v), (w), (x) and (y), the shares of Common Stock or other equity securities for the account of
other stockholders of Parent that Parent is obligated to register pursuant to written contractual arrangements with such stockholders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; or 
 (iii) If the Registration is a Demand Registration, the shares required to be included pursuant to Section 4.1(f) hereof. 

(c) Withdrawal. Any Registrable Securityholder may elect to withdraw such holder’s request for inclusion of Registrable
Securities in any Piggy-Back Registration by giving written notice to Parent of such request to withdraw prior to the effectiveness of the Registration Statement in accordance with Section 4.1(d). Parent (whether on its own determination or as
the result of a withdrawal by Persons making a demand pursuant to written contractual obligations) may withdraw a Registration Statement at any time prior to the effectiveness of the Registration Statement. Notwithstanding any such withdrawal,
Parent shall pay all expenses incurred by the Registrable Securityholders in connection with such Piggy-Back Registration as provided in Section 5.3. 
 Section 4.3 Registrations Pursuant to Rule 415. 
 (a) Request for
Registrations on Form S-3 by the Company Common Shareholders. At any time and from time to time after such time as Parent is eligible to file a Registration Statement on Form S-3 covering the resale of securities and following the expiration of
the time period for the applicable Transfer restriction set forth in Section 3.1 hereof, a Majority-in-interest of the Company Common Shareholders (including any Permitted Company Common Shareholder Transferees) may demand in writing that
Parent register the resale of any or all of such Registrable Securities on Form S-3; provided, however, that Parent shall not be obligated to effect such request through an Underwritten Offering. Upon receipt of such written request,
Parent will promptly give written notice of the proposed Registration to all Registrable Securityholders, and, as soon as practicable thereafter, effect the Registration of all or such portion of such holder’s or holders’ Registrable
Securities as are specified in such request, together with all or such portion of the Registrable Securities, if any, of any other Registrable Securityholders joining in such request as are specified in a written request given within fifteen
(15) Business Days after receipt of such written notice from Parent; provided, however, that 

  

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Parent shall not be obligated to effect any such Registration pursuant to this Section 4.3(a): (i) if Form S-3 is not available for such
Registration or (ii) if the value of the Registrable Securities that a Majority-in-interest of the Company Common Shareholders (including any Permitted Company Common Shareholder Transferee) propose to sell in their demand pursuant to this
Section 4.3(a) is less than $20,000,000; provided, further, that Company Common Shareholders may not demand Parent register the resale on Form S-3 of any Registrable Securities that are Registered on an effective Registration
Statement. Registrations effected pursuant to this Section 4.3(a) shall not be counted as Demand Registrations effected pursuant to Section 4.1. Parent shall not be obligated to effect more than four (4) Registrations pursuant to this
Section 4.3(a). 
 (b) Request for Registrations on Form S-3 by the Founders. At any time and from time to time
after such time as Parent is eligible to file a Registration Statement on Form S-3 covering the resale of securities and following the expiration of the time period for the applicable Transfer restriction set forth in Section 3.2 hereof, a
Majority-in-interest of the Founders (including any Permitted Founders Transferees) may demand in writing that Parent register the resale of any or all of such Registrable Securities on Form S-3; provided, however, that Parent shall
not be obligated to effect such request through an Underwritten Offering. Upon receipt of such written request, Parent will promptly give written notice of the proposed Registration to all Registrable Securityholders, and, as soon as practicable
thereafter, effect the Registration of all or such portion of such holder’s or holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities or other equity securities of
Parent, if any, of any other Registrable Securityholders joining in such request as are specified in a written request given within fifteen (15) Business Days after receipt of such written notice from Parent; provided, however,
that Parent shall not be obligated to effect any such Registration pursuant to this Section 4.3(c): (i) if Form S-3 is not available for Registration or (ii) if the value of the Registrable Securities that a Majority-in-interest of
Founders (or any Permitted Founders Transferees) propose to sell in their demand for a Founder Demand Registration is less than $2,000,000; provided, further, that Founders may not demand Parent register the resale on Form S-3 of any
Registrable Securities that are Registered on an effective Registration Statement. Registrations effected pursuant to this Section 4.3(c) shall not be counted as Demand Registrations effected pursuant to Section 4.1. Parent shall not be
obligated to effect more than two (2) Registrations pursuant to this Section 4.3(c). 
 (c) Registrations of
Company Preferred Shareholders’ Common Stock. 
 (i) Registration Statement. Following the Closing, Parent
shall (x) file a Registration Statement on Form S-3 or such other form under the Securities Act then available to Parent providing for the resale pursuant to Rule 415 from time to time of all Registrable Securities held by the Company
Preferred Shareholders (or Permitted Company Preferred Shareholder Transferees), (y) cause such Registration Statement to be declared effective by the Commission on or prior to the date that is six (6) months after the Closing (the
“Effectiveness Deadline”) and (z) have such Registrable Securities listed for trading on Parent’s primary exchange (to the extent the Parent is permitted to do so under applicable listing requirements and guidelines). If
Parent initially files a Registration Statement using a form other than Form S-3 and Parent thereafter becomes eligible to file Form S-3, Parent may file a Form S-3 with respect to the Registrable Securities Registered on the effective Registration
Statement. 
  

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 (ii) Failure to File or Cause to Become Effective. If Parent fails to comply with
the provisions of Section 4.3(c)(i)(y) (an “Effectiveness Failure”), then within three (3) Business Days following the Effectiveness Deadline and on the last Business Day of each thirty (30) day period thereafter,
until such time as such Registration Statement registering the resale of all Registrable Securities held by the Company Preferred Shareholders (including any Permitted Company Preferred Shareholders Transferees) is declared effective and such
Registrable Securities are listed for trading on Parent’s primary exchange (to the extent the Parent is permitted to do so under applicable listing requirements and guidelines), Parent shall pay to each Company Preferred Shareholder (including
any Permitted Company Preferred Shareholder Transferees), an amount, at the option of Parent in cash and/or additional shares of Common Stock (based on the Fair Market Value thereof), equal to (a) one percent (1%) of the Fair Market Value
of one (1) share of Common Stock, multiplied by (b) the number of shares of Registrable Securities held by such Company Preferred Shareholder, further multiplied by, if applicable, by (c) a fraction, the numerator of which is the
number of days which have elapsed during such thirty (30) day period, and the denominator of which is thirty (30). Parent shall not be required to effect a shelf takedown through an Underwritten Offering. Notwithstanding anything herein to the
contrary, no penalty will result solely from a failure to have such Registrable Securities listed for trading on an exchange to the extent that Parent is not permitted to do so under applicable listing requirements and guidelines. 
 ARTICLE V 
 REGISTRATION PROCEDURES 

 Section 5.1 Filings; Information. Whenever Parent is required to effect the Registration of any Registrable Securities
pursuant to Article IV, Parent shall use its reasonable best efforts to effect the Registration and sale of such Registrable Securities in accordance with the intended method(s) of distribution thereof as expeditiously as practicable, and in
connection with any such request: 
 (a) Filing Registration Statement. Parent shall, as expeditiously as possible and
in any event within sixty (60) days after receipt of a request for a Demand Registration pursuant to Section 4.1, prepare and file with the Commission a Registration Statement on any form for which Parent then qualifies or that counsel for
Parent shall deem appropriate and which form shall be available for the resale of all Registrable Securities to be registered thereunder in accordance with the intended method(s) of distribution thereof, and shall use its reasonable best efforts to
cause such Registration Statement to become and remain effective for the period required by Section 5.1(c); provided, however, Parent may postpone the filing or the effectiveness of any Registration Statement other than the Registration
Statement filed pursuant to Section 4.3(c) if, based on the good faith judgment of Parent’s Board, such 

  

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postponement is necessary in order to avoid premature disclosure of a matter the Board has determined would not be in the best interest of Parent to be
disclosed at such time. The Company shall provide written notice to the Registrable Securityholders requesting registration of Registrable Securities of any postponement of the filing or effectiveness of a Registration Statement pursuant to this
Section 5.1(a). Parent may defer the filing or effectiveness of a Registration Statement pursuant to this Section 5.1(a) only once during any 180-day period in respect of a Demand Registration hereunder. Notwithstanding the provisions of
this Section 5.1(a), Parent may not postpone the filing or effectiveness of a Registration Statement in respect of a Demand Registration past the date that is the earliest of (a) the date upon which any disclosure of a matter the Board has
determined would not be in the best interest of Parent to be disclosed is disclosed to the public or ceases to be material, (b) thirty (30) days after the date upon which the Board has determined such matter should not be disclosed and
(c) such date that, if such postponement continued, would result in there being more than 45 days in the aggregate in any 12-month period during which the filing or effectiveness of one or more Registration Statements has been so postponed. The
period during which filing or effectiveness is so postponed hereunder is referred to as a “Delay Period.” 
 (b) Copies. Subject to prior receipt by Parent from such Registrable Securityholders of any confidentiality agreement as Parent may reasonably request, Parent shall, prior to filing a Registration Statement or prospectus, or any
amendment or supplement thereto, furnish without charge to the Registrable Securityholders included in such Registration, and, if requested in writing by any Registrable Securityholder, such holders’ legal counsel, copies of such Registration
Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such Registration Statement
(including each preliminary prospectus) and such other documents as the Registrable Securityholders included in such Registration or legal counsel for any such holders may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by such holders and such Registrable Securityholders included in such Registration shall have the opportunity to review and comment on such Registration Statement or prospectus, or any amendment or supplement thereto. Parent shall
make available to the Registrable Securityholders included in a Registration each letter written by or on behalf of Parent to the Commission or the staff of the Commission (or other governmental agency or self-regulatory body or other body having
jurisdiction, including any domestic or foreign securities exchange), and each item of correspondence from the Commission or the staff of the Commission (or other governmental agency or self-regulatory body or other body having jurisdiction,
including any domestic or foreign securities exchange), in each case relating to such Registration Statement. 
 (c)
Effectiveness Period. After any Registration Statement filed pursuant to Section 4.1 or 4.3 hereof has become effective, and subject to any Blackout Periods, Parent shall use its reasonable best efforts to keep such Registration
Statement effective until all of the Registrable Securities covered by such Registration Statement have been withdrawn or sold pursuant to such Registration Statement in accordance with the plan of distribution set forth therein (the
“Effectiveness Period”). Parent shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such a Registration Statement and the prospectus used in connection therewith as may
be necessary to keep such Registration Statement effective and in compliance with the provisions of the Securities Act for the Effectiveness Period. 
  

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 (d) Notification. After the filing of a Registration Statement and any amendment
or supplement thereto, Parent shall promptly, and in no event more than two (2) Business Days after such filing, notify the Registrable Securityholders included in such Registration Statement of such filing, and shall further notify such
holders promptly and confirm such advice in writing in all events within two (2) Business Days of the occurrence of any of the following: (i) when such Registration Statement becomes effective; (ii) when any post-effective amendment
to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the Commission of any stop order (and Parent shall take all actions required to prevent the entry of such stop order or to remove it if entered); and
(iv) any request by the Commission for (x) any amendment or supplement to such Registration Statement or any prospectus relating thereto or (y) a Suspension Notice. 
 (e) Blackout Periods. Upon the happening of any event as a result of which the prospectus included in a Registration Statement
contains an untrue statement of a material fact or omits any material fact necessary to make the statements therein not misleading (a “Suspension Notice”), Parent shall promptly notify each Registrable Securityholder included in
such Registration Statement and each such Registrable Securityholder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration Statement for a reasonable length of time not to exceed 10 days (30 days in the case
of an event described in Section 5.1(a)) until such Registrable Securityholder is advised in writing by Parent that the use of the prospectus may be resumed and is furnished with a supplemented or amended prospectus as contemplated by
Section 5.1(c) hereof (a “Blackout Period”); provided, however, that such postponement of sales of Registrable Securities by such Registrable Securityholder shall not exceed forty-five (45) days in the
aggregate in any 12-month period. In any event, Parent shall not be entitled to deliver more than a total of three (3) Suspension Notices or notices of any Delay Period in any 12-month period. 
 (f) Securities Laws Compliance. Parent shall use its best efforts to (i) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions (domestic or foreign) as the Registrable Securityholders included in such Registration Statement (in light of their intended plan of
distribution) may request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or approved by such other Governmental Authorities as may be necessary by virtue of
the business and operations of Parent and do any and all other acts and things that may be necessary or advisable to enable the Registrable Securityholders included in such Registration Statement to consummate the disposition of such Registrable
Securities in such jurisdictions; provided, however, that Parent shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph or subject itself
to taxation in any such jurisdiction. Parent represents and warrants that no Registration Statement (including any amendments or supplements thereto and Prospectuses contained therein) shall contain any untrue statement of a material fact or omit to
state a material fact required to be stated therein, or necessary to make the statements therein not misleading (except that Parent makes no representation or warranty with respect to information furnished to Parent by or on behalf of a Registrable
Securityholder, any other security holder or any underwriters specifically for use therein). 
  

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 (g) Agreements for Disposition. Parent shall enter into customary agreements
(including, if applicable, an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. The representations, warranties and
covenants of Parent in any underwriting agreement which are made to or for the benefit of any Underwriter(s), to the extent applicable, shall also be made to and for the benefit of the Registrable Securityholders included in such Registration
Statement. No Registrable Securityholder included in such Registration Statement shall be required to make any representations or warranties in the underwriting agreement except, if applicable, with respect to the valid existence of such Registrable
Securityholder, such Registrable Securityholder’s title to such Registrable Securities and the truth and accuracy of any information provided in writing by such Registrable Securityholder for inclusion in the Registration Statement. 

(h) Cooperation. The principal executive officer of Parent, the principal financial officer of Parent, the principal accounting
officer of Parent and all other officers and members of the management of Parent shall cooperate fully in any offering of Registrable Securities hereunder, which cooperation shall include, without limitation, the preparation of the Registration
Statement with respect to such offering and all other offering materials and related documents, and participation in meetings with Underwriter(s), attorneys, accountants and the Registrable Securityholders included in such Registration Statement.

 (i) Records. Parent shall make available for inspection by the Registrable Securityholders included in such
Registration Statement, any Underwriter(s) participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other professional retained by any Registrable Securityholder included in such Registration Statement
or any Underwriter, all financial and other records, pertinent corporate documents and properties of Parent, as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause Parent’s officers, directors
and employees to supply all information reasonably requested by any of them in connection with such Registration Statement, subject to prior receipt by Parent of any confidentiality agreements as Parent may reasonably request from such Registrable
Securityholders, any attorney, accountant or other professional retained by such Registrable Securityholders or any Underwriter. 
 (j) Opinions and Comfort Letters. Parent shall furnish to each Registrable Securityholder included in any Registration Statement a copy of (i) any opinion of counsel to Parent delivered to any Underwriter and (ii) any
comfort letter from Parent’s independent public accountants delivered to any Underwriter. In the event no legal opinion is delivered to any Underwriter, Parent shall furnish to each Registrable Securityholder included in such Registration
Statement, at any time that such holder elects to use a prospectus, an opinion of counsel to Parent to the effect that the Registration Statement containing such prospectus has been declared effective and that no stop order is in effect. 

 

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 (k) Earnings Statement. Parent shall comply with all applicable rules and
regulations of the Commission and the Securities Act, and make available to its stockholders, not later than March 31, 2010, an earnings statement covering a period of twelve (12) months, which earnings statement shall satisfy the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 
 (l) Confidentiality. Parent will
hold in confidence and will not make any disclosure of non-public information concerning any Registrable Securityholder unless (i) disclosure of such information is reasonably necessary to comply with federal or state securities laws, rules,
statutes or regulations, (ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement or other public filing by Parent, (iii) the release of such information is ordered
pursuant to a subpoena or other order from a court or Governmental Authority of competent jurisdiction or is otherwise required by applicable law or legal process, or (iv) such Registrable Securityholder consents to the form and content of any
such disclosure. 
 (m) Free Writing Prospectuses. The Registrable Securityholders shall not, and shall not permit any
officer, manager, underwriter, broker or any other person acting on behalf of the Registrable Securityholders to use any free writing prospectus (as defined in Rule 405 under the Securities Act) in connection with any registration statement covering
Registrable Securities, without the prior written consent of Parent. 
 Section 5.2 Obligation to Suspend Distribution. Upon
receipt of any Suspension Notice from Parent, or, in the case of a resale registration on Form S-3, or such other form under the Securities Act then available to Parent providing for resales pursuant to Rule 415, pursuant to Section 4.3
hereof, or upon any suspension by Parent, pursuant to a written insider trading compliance program adopted by the Board, of the ability of all “insiders” covered by such program to transact in Parent’s securities because of the
existence of material non-public information, each Registrable Securityholder included in any Registration and, in the case of a suspension pursuant to a written insider trading program, each Registrable Securityholder included in any Registration
who is an “insider,” shall immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities for a reasonable period of time not to exceed 15 days (and no more
than 45 days in the aggregate over a 12 month period) until such holder receives notice that the supplemented or amended prospectus has been filed as contemplated by Section 5.1(d) or the restriction on the ability of “insiders” to
transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, each such holder will deliver to Parent all copies, other than permanent file copies then in such holder’s possession, of the most recent prospectus
covering such Registrable Securities at the time of receipt of such notice. 
 Section 5.3 Registration Expenses. Parent shall
bear all costs and expenses incurred in connection with any Demand Registration pursuant to Section 4.1, any Piggy-Back Registration pursuant to Section 4.2, any Registration on Form S-3 effected pursuant to Section 4.3, and all
expenses incurred in performing or complying with its other obligations under this Agreement, whether or not the Registration Statement becomes effective, including, without limitation: (i) all registration, qualification and filing fees;
(ii) fees and expenses of compliance with securities or “blue sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities); (iii) printing expenses (including
expenses of printing stock certificates and prospectuses); (iv) Parent’s internal expenses 

  

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(including, without limitation, all salaries and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the
listing of the Registrable Securities as required by Section 5.1(k); (vi) Financial Industry Regulatory Authority fees; (vii) fees and disbursements of counsel for Parent and fees and expenses for independent certified public
accountants retained by Parent (including the expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to Section 5.1(i)); (viii) the fees and expenses of any special experts retained by Parent
in connection with such Registration; (ix) the reasonable fees and expenses of one legal counsel to the Registrable Securityholders included in such Registration (selected by, in the case of a Demand Registration, the Demanding Parties who
initiated such registration, and in the case of a Piggyback Registration, Registrable Securityholders holding at least 51% of the Registrable Securities included therein), upon receipt by Parent of reasonably detailed supporting documentation, not
to exceed $50,000; (x) transfer agent’s and registrar’s fees, (xi) cost of distributing Prospectuses in preliminary and final form as well as any supplements, thereto, (xii) escrow fees, if any, (xiii) messenger, word
processing, duplicating, telephone and delivery expenses incurred by Parent, and (xiv) Securities Act liability insurance, if Parent purchases such insurance. Parent shall have no obligation to pay any underwriting discounts or selling
commissions attributable to the Registrable Securities being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. The obligation of Parent to bear the expenses described in this
Section 5.3 shall apply irrespective of whether a registration, once properly demanded, if applicable, becomes effective, is withdrawn or suspended, is converted to another form of registration and irrespective of when any of the foregoing
shall occur. 
 Section 5.4 Information. The Registrable Securityholders shall provide such information as may reasonably be
requested (based on the advice of counsel) by Parent, or the managing Underwriter, if any, in connection with the preparation of any Registration Statement, including amendments and supplements thereto, in order to effect the Registration of any
Registrable Securities under the Securities Act pursuant to Article IV hereof and in connection with Parent’s obligation to comply with federal and applicable state securities laws. At least ten (10) Business Days prior to the first
anticipated filing date of any Registration Statement, Parent shall notify each Registrable Securityholder of the information Parent requires from such holder if such holder elects to have any of its Registrable Securities included in such
Registration Statement. Each Registrable Securityholder shall provide such information to Parent at least five (5) Business Days prior to the first anticipated filing date of such Registration Statement if such holder elects to have any of the
Registrable Securities included in such Registration Statement. 
 Section 5.5 Additional Registration Procedures for the Company
Preferred Shareholders. With respect to any Registration pursuant to Article IV of any Registrable Securities that are beneficially owned by Company Preferred Shareholders, Parent agrees as follows: 
 (a) use its reasonable best efforts to cause the listing and continuation of listing of all of the Registrable Securities covered by such
Registration Statement on each Trading Market upon which any other securities of Parent of the same class or series are then listed or quoted; 
  

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 (b) cooperate with any and all Company Preferred Shareholders who hold Registrable
Securities being offered and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing Registrable Securities to be offered pursuant to such Registration
Statement and enable such certificates to be in such denominations or amounts, as the case may be, as such Company Preferred Shareholders or the managing
 underwriter(s), if any, may reasonably request and registered in such names as such Company
Preferred Shareholders or managing underwriter(s), if any, may request; 
 (c) provide a transfer agent and registrar for all
such Registrable Securities, and a CUSIP number for the Registrable Securities, not later than the effective date of such Registration Statement; 
 (d) if requested, cause to be delivered, immediately prior to the pricing of any underwritten offering, letters from Parent’s independent registered public accountants addressed to each underwriter stating that
such accountants are independent public accountants within the meaning of the Securities Act and the applicable rules and regulations adopted by the Commission thereunder, and otherwise in customary form and covering such financial and accounting
matters as are customarily covered by letters of the independent registered public accountants delivered in connection with underwritten public offerings; 
 (e) in connection with any underwritten offering of Registrable Securities, cause the Company’s counsel to timely deliver to the transfer agent (to the extent applicable), the managing underwriter(s) and such
Company Preferred Shareholders, an opinion and negative assurance letter, each in form and substance as is customarily given in connection with the registration and offering of equity securities; 
 (f) comply with all applicable laws related to such Registration Statement and offering and sale of securities covered by such
Registration Statement and all applicable rules and regulations of Governmental Authorities in connection therewith (including, without limitation, the Securities Act and the Exchange Act); 
 (g) use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness of such Registration
Statement and, if such order is issued, to obtain the withdrawal of such order at the earliest practicable time, and Parent shall immediately notify all Company Preferred Shareholders and managing underwriter(s), if any, of the issuance of such
order and the resolution thereof; and 
 (h) with respect to Section 4.3(c)(i) hereof, promptly respond to any and all
comments received from the Commission, with a view towards causing each Registration Statement or any amendment thereto to be declared effective by the Commission as soon as practicable and shall file an acceleration request as soon as practicable
following the resolution or clearance of all Commission comments or, if applicable, following notification by the Commission that any such Registration Statement or any amendment thereto will not be subject to review. 
  

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 ARTICLE VI 
 INDEMNIFICATION AND CONTRIBUTION 
 Section 6.1 Indemnification by Parent. Parent agrees
to indemnify and hold harmless to the fullest extent permitted by law each Company Common Shareholder, Company Preferred Shareholder, Founder, each other Registrable Securityholder, each of the foregoing’s respective officers, employees,
affiliates, directors, partners, members, attorneys and agents, and each person, if any, who controls a Company Common Shareholder, Company Preferred Shareholder, Founder and each other holder of Registrable Securities (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, a “Registrable Securityholder Indemnified Party”), from and against any expenses, losses, judgments, claims, damages, liabilities or
actions, whether joint or several, arising out of or based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement under which the sale of such Registrable Securities was registered under
the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to such Registration Statement, or arising out of or based upon any omission or alleged
omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation or alleged violation by Parent of the Securities Act, the Exchange Act or other applicable federal, state,
“blue sky” or common law or any rule or regulation promulgated thereunder applicable to Parent and relating to action or inaction required of Parent in connection with any such Registration. Parent shall promptly reimburse the Registrable
Securityholders Indemnified Party for any legal and any other expenses reasonably incurred by such Registrable Securityholders Indemnified Party in connection with investigating and defending any such expense, loss, judgment, claim, damage,
liability or action; provided, however, that Parent will not be liable to any Registrable Securityholder Indemnified Party in any such case to the extent that any such expense, loss, judgment, claim, damage, liability or action arises
out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission made in any such Registration Statement, any preliminary prospectus, final prospectus, or summary prospectus, or any such amendment or
supplement, in reliance upon and in conformity with information furnished to Parent, in writing, by such Registrable Securityholder Indemnified Party expressly for use therein. Parent also shall indemnify any Underwriter of the Registrable
Securities, their officers, affiliates, directors, partners, members and agents and each person who controls such Underwriter on substantially the same basis as that of the indemnification provided above in this Section 7.1. 
 Section 6.2 Indemnification by the Registrable Securityholders. Each selling Registrable Securityholder will, in the event that any
Registration of any Registrable Securities held by such selling holder is being effected under the Securities Act pursuant to this Agreement, indemnify and hold harmless Parent, each of its directors and officers and each Underwriter, if any, and
each other selling holder and each other person, if any, who controls another selling holder or such Underwriter within the meaning of the Securities Act, against any losses, judgments, claims, damages, liabilities or actions, whether joint or
several, insofar as such losses, judgments, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement under which the sale of
such Registrable Securities was registered under the Securities 

  

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Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to the
Registration Statement, or arise out of or are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary to make the statement therein not misleading, if the statement or omission was made in
reliance upon and in conformity with information furnished in writing to Parent by such selling holder expressly for use therein, and shall reimburse Parent, its directors and officers, and each other selling holder or controlling person for any
legal or other expenses reasonably incurred by any of them in connection with investigation or defending any such loss, judgment, claim, damage, liability or action. Each selling holder’s indemnification obligations hereunder shall be several
and not joint and shall be limited to the amount of any net proceeds actually received by such selling holder (after payment of any underwriting fees, discounts, commissions or taxes). 
 Section 6.3 Conduct of Indemnification Proceedings. Promptly after receipt by any Person of any notice of any loss, judgment, claim,
damage, liability or action in respect of which indemnity may be sought pursuant to Section 6.1 or 6.2, such Person (the “Indemnified Party”) shall, if a claim in respect thereof is to be made against any other Person for
indemnification hereunder, notify such other Person (the “Indemnifying Party”) in writing of the loss, judgment, claim, damage, liability or action; provided, however, that the failure by the Indemnified Party to
notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced by
such failure. If the Indemnified Party is seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent
that it wishes, jointly with all other Indemnifying Parties, to assume control of the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of its election to assume
control of the defense of such claim or action, the Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense thereof other than
reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but
no more than one such separate counsel) to represent the Indemnified Party and its controlling Persons who may be subject to liability arising out of any claim in respect of which indemnity may be sought by the Indemnified Party against the
Indemnifying Party, with the fees and expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified Party, representation of both parties by the same counsel would be inappropriate
due to actual or potential differing interests between them. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement of any claim or pending or threatened
proceeding in respect of which the Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional release of such Indemnified
Party from all liability arising out of such claim or proceeding. 
  

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 Section 6.4 Contribution. 
 (a) If the indemnification provided for in the foregoing Sections 6.1, 6.2 and 6.3 is unavailable to any Indemnified Party in respect of
any loss, judgment, claim, damage, liability or action referred to herein, then Parent (including, for this purpose, any contribution made by or on behalf of any officer of Parent who signed any relevant Registration Statement and any controlling
person of Parent within the meaning of the Securities Act) and each Registrable Securityholder whose Registrable Securities are included in the relevant Registration Statement (including, for this purpose, any contribution made by or on behalf of
such Registrable Securityholder, shall contribute to the loss, judgment, claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Parent and the Registrable Securityholders in connection with the
actions or omissions which resulted in such loss, judgment, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying Party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such Parent or such Registrable Securityholder and
the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 (b) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 6.4 were determined Pro Rata or by any other method of allocation which does not take account of the
equitable considerations referred to in Section 6.4(a). 
 (c) The amount paid or payable by an Indemnified Party as a
result of any loss, judgment, claim, damage, liability or action referred to in Section 6.4(a) shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection
with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6.4, no Registrable Securityholder shall be required to contribute any amount in excess of the dollar amount of the net proceeds (after
payment of any underwriting fees, discounts, commissions or taxes) actually received by such holder from the sale of Registrable Securities that gave rise to such contribution obligation. No Person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. This Section 6.4 is intended to supersede any right to contribution under the
Securities Act, the Exchange Act or otherwise. 
 ARTICLE VII 
 RULE 144 REPORTING 
 Section 7.1 Rule 144. Parent covenants that it shall file any
reports required to be filed by it under the Securities Act and the Exchange Act and shall take such further action as the Registrable Securityholders may reasonably request, all to the extent required from time to time to enable such holders to
sell Registrable Securities without Registration under the Securities Act within the limitation of the exemptions provided by Rule 144 under the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the Commission. The foregoing shall in no way reduce the rights of Registrable 

  

 31 

 
Securityholders hereunder relating to effect any registrations without limiting the foregoing, Parent agrees at its cost and expense to use its reasonable
best efforts to: (i) make and keep available current public information about Parent in compliance with Rule 144(c) under the Securities Act; (ii) file with the Commission in a timely manner all reports and other documents the Company may
be required to filed under the Exchange Act; and (iii) furnish to each Registrable Securityholder, promptly upon request, a written statement by Parent as to its compliance with the reporting requirements of the Exchange Act. 
 ARTICLE VIII 
 TERMINATION; MERGERS AND
RECAPITALIZATIONS 
 Section 8.1 Termination. This Agreement shall terminate (a) with respect to the Company Common
Shareholders and the Company Preferred Shareholders, on the date when the Company Common Shareholders and the Company Preferred Shareholders, together, hold a number of shares of Common Stock that is less than ten percent (10%) of the number of
outstanding shares of Common Stock and (b) with respect to all parties, on the date of a Change of Control or Reorganization Event of Parent; provided, however, that, in either case, (i) the rights conferred to the Company
Common Shareholders and the Company Preferred Shareholders by Articles IV and V of this Agreement shall survive until the Company Common Shareholders and the Company Preferred Shareholders no longer own any shares of Common Stock, (ii) the
rights conferred to the Founders by Article IV and Article V of this Agreement shall survive until the Founders no longer own any shares of Common Stock or Founder Warrants, (iii) the provisions of Article VI shall survive any termination and
(iv) the rights conferred to the Company Common Shareholder, the Company Preferred Shareholders and the Founders by Section 3.4 shall survive any termination. 
 Section 8.2 Mergers and Recapitalizations. 
 (a) Parent shall not, directly or
indirectly, effect a Charge of Control or Reorganization Event of Parent in which the Parent shall not be the surviving entity unless the proposed surviving entity shall, prior to effecting a Change of Control or Reorganization Event of Parent,
agree in writing to assume the obligations of the Parent under this Agreement, and for that purpose references hereunder to “Registrable Securities” shall be deemed to be references to the securities that the Registrable Securityholders
would be entitled to receive in exchange for Registrable Securities under the terms of any such effect a Change of Control or Reorganization Event of Parent; provided, however, that the provisions of this Section 8.2 shall not apply in the
event of any merger, consolidation, or reorganization in which the Parent is not the surviving corporation if all the Registrable Securityholders are entitled to receive in exchange for their Registrable Securities consideration consisting solely of
(A) cash, (B) securities of the acquiring corporation that may be immediately sold to the public without registration under the Securities Act, or (C) a combination of both. 
 (b) If, and as often as, there is any change in the Common Stock by way of a stock split, combination, stock dividend, reclassification,
or the like, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby to the Registrable
Securityholders with respect to the Registrable Securities shall not be diminished or adversely affected. 
  

 32 

 (c) If requested by the Registrable Securityholders, the proposed surviving entity to any
Change of Control or Reorganization Event of Parent (if other than Parent) pursuant to Section 8.2(a) above shall further evidence such surviving entity’s obligations under this Section 8.2 by executing and delivering to the
Registrable Securityholders a written agreement to such effect in form and substance satisfactory to the Registrable Securityholders. 
 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.1 Charter and Bylaws. The parties hereto shall take or cause to be taken all lawful action necessary to ensure at all times as of and following the Closing that the certificate of incorporation
and by-laws of Parent are not inconsistent with the provisions of this Agreement or the transactions contemplated hereby. 
 Section
9.2 Other Registration Rights. Parent represents and warrants that other than the Registrable Securityholders pursuant to this Agreement and pursuant to Section 3 of the Co-Sale Agreement, no Person has any right to require Parent to
register any Common Stock for sale or to include Common Stock in any Registration filed by Parent for the sale of Common Stock for its own account or for the account of any other Person. 
 Section 9.3 Assignment; No Third Party Beneficiaries. This Agreement and the rights, duties and obligations of Parent hereunder may not be
assigned or delegated by Parent in whole or in part. Subject to Article III hereof, this Agreement and the rights, duties and obligations of the parties hereunder may be freely assigned or delegated by such parties in conjunction with and to the
extent of any Transfer of Registrable Securities by any such holder. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and their respective successors and the Permitted Transferees.
This Agreement is not intended to confer any rights or benefits on any Persons that are not party hereto other than as expressly set forth in Article VI and this Section 9.3. 
 Section 9.4 Notices. All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”)
required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be mailed, postage prepaid by registered or certified mail, delivered by reputable courier service with charges prepaid,
personally delivered or transmitted, confirmed facsimile or email with immediate telephone confirmation thereafter, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Notice
shall be deemed given on the date of delivery or transmission if personally delivered or transmitted by facsimile or email; provided, however, that if such delivery or transmission is not on a Business Day or is after normal business
hours, then such notice shall be deemed given on the next Business Day. Notice sent by courier shall be deemed given on the next Business Day following timely delivery of such notice to a reputable air courier service with an order for next-day
delivery. Notice sent by mail shall be deemed given at the earlier of its receipt and 72 hours after the same has been deposited in a regularly maintained receptacle for the deposit of U.S. mail. 
  

 33 

 To Parent prior to the Closing: 
 Polaris Acquisition Corp. 
 2200 Fletcher Ave

 4th Floor 
 Fort Lee, New
Jersey 07024 
 Attention: Jerry Stone 
 Telecopy: (800) 705-6045 
 with a copy to: 
 Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 
 New York, New York 10019 
 Attention: Andrew
J. Nussbaum 
 Telecopy: (212) 403-2000 
 To Parent after the Closing: 
 Hughes Telematics, Inc. 
 41 Perimeter Center East, Suite 400 
 Atlanta,
Georgia 30346 
 Attention: Chief Financial Officer 
 Telecopy: (770) 391-6426 
 with a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036 
 Attention: Gregory A. Fernicola 
 Telecopy: (917) 777-2918 
 To the Company Common Shareholders, to the addresses of such Company Common Shareholders on Schedule I hereto. 
 To the Company Preferred Shareholders, to the addresses of such Company Preferred Shareholders on Schedule II hereto. 
 To the Founders, to the addresses of such Founders on Schedule III hereto. 
 Notwithstanding the foregoing, all notices and other communications to a Registrable Securityholder relating to a specific Registration Statement in which such holder is included as selling securityholders may be
given by Parent by e-mail transmission to the e-mail addresses furnished by such holder to Parent pursuant to Articles IV and V hereof. 
 Section 9.5 Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term
or provision hereof. Furthermore, in lieu 

  

 34 

 
of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as
similar in terms to such invalid or unenforceable provision as may be possible that is valid and enforceable. 
 Section 9.6
Counterparts. This Agreement may be executed in multiple counterparts (including by facsimile or .pdf), each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument. This Agreement
shall become effective when each party hereto shall have received counterparts hereof signed by all of the other parties hereto. 
 Section 9.7 Entire Agreement. This Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant hereto and thereto) constitute the entire agreement of the parties
with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, representations, understandings, negotiations and discussions between the parties, whether oral or written, including Exhibit F to the Merger Agreement
(the Amended Term Sheet for Parent Shareholders’ Agreement). 
 Section 9.8 Modifications and Amendments. Upon the
approval of the Majority-in-interest of the Company Common Shareholders, Parent may amend or modify any term or provision of this Agreement affecting the rights of the Company Common Shareholders hereunder (other than any extension or other increase
of the Transfer restrictions set forth in Section 3.1 hereof). Upon the approval of the Majority-in-interest of the Founders, Parent may amend or modify any term or provision of this Agreement affecting the rights of the Founders hereunder.
Upon the approval of any Company Preferred Shareholder holding Common Stock with a RH Fair Market Value of at least $1,000,000, Parent may amend or modify any term or provision of this Agreement affecting the rights of such Company Preferred
Shareholder hereunder. 
 Section 9.9 Joinder. Prior to any Transfer to any Permitted Transferee, such Permitted Transferee
must join this Agreement as a Company Common Shareholder, a Company Preferred Shareholder or Founder, as the case may be (which status shall be the same as the transferring securityholder), with the respective rights, duties and obligations of a
Company Common Shareholder, a Company Preferred Shareholder or Founder under this agreement, as the case may be, by executing a joinder to this Agreement in which such Permitted Transferee shall agree to be either a Company Common Shareholder, a
Company Preferred Shareholder or Founder, as the case may be, for all purposes of this Agreement. Upon the execution and delivery of any such joinder, Schedule I, Schedule II or Schedule III, as the case may be, shall be revised accordingly. Any
such joinder and revision to Schedule I, Schedule II or Schedule III shall not be deemed to be an amendment of this Agreement. 
 Section
9.10 Titles and Headings. Titles and headings of articles and sections of this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement. 
 Section 9.11 Waivers and Extensions. Subject to Section 3.2(b), Parent may waive any of the Transfer restrictions set forth in
Section 3.1, 3.2 and 3.3 hereof. The Majority-in-interest of the Company Common Shareholders or Founders may waive any right of the 

  

 35 

 
Company Common Shareholders or Founders, respectively, or any breach or default of Parent with respect to the Company Common Shareholders or Founders,
respectively. Each Company Preferred Shareholder may waive any right, breach or default hereunder with respect to such Company Preferred Shareholder. Any waiver made pursuant to this Section 9.11 will not be effective against the waiving party
unless it is in writing, is signed by such party and specifically refers to this Agreement. Waivers may be made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver of
any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof or of any other agreement or provision herein contained. No waiver or extension of time for performance of any
obligations or acts shall be deemed a waiver or extension of the time for performance of any other obligations or acts. Notwithstanding anything to the contrary in this Section 9.11, the obligations of Apollo set forth in Section 2.3 may
not be waived without approval by a Majority-in-interest of the Founders. 
 Section 9.12 Remedies Cumulative. In the event
that Parent fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, the Company Common Shareholders, the Company Preferred Shareholders, the Founders, any Registrable Securityholder or the respective
successors and permitted assignees of the foregoing may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific performance of any term contained in this Agreement or for an injunction against the breach of
any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers or
remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at
law, in equity, by statute or otherwise. 
 Section 9.13 Governing Law. This Agreement shall be governed by, interpreted under
and construed in accordance with the internal laws of the State of New York applicable to agreements made and to be performed within the State of New York, without giving effect to any choice-of-law provisions thereof that would compel the
application of the substantive laws of any other jurisdiction. 
 Section 9.14 Waiver of Trial by Jury. Each party hereby
irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions
contemplated hereby, or the actions of the Company Common Shareholders, the Company Preferred Shareholders and the Founders in the negotiation, administration, performance or enforcement hereof. 
 Section 9.15 Effectiveness. This Agreement shall be effective upon, and is subject to, the Closing. In the event that the Merger Agreement
is terminated prior to Closing, this Agreement shall cease to have any further power or effect. 
 Section 9.16 Exclusive
Jurisdiction. Any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby may only be brought in any federal or state

  

 36 

 
court located in the County and State of New York, and each of the parties hereby consents to the exclusive jurisdiction of such courts (and of the
appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding in any such court or that any such suit, action or proceeding which is brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without the
jurisdiction or any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 9.4 shall be deemed effective service of process on such party. 
 Section 9.17 Construction. The headings and other captions in this Agreement are for convenience and reference only and shall not be used
in interpreting, construing or enforcing any provision of this Agreement. This Agreement shall be deemed to have been drafted by both Parent and the Registrable Securityholders and shall not be construed against either party as the principal
draftsperson hereof. Any reference to any federal, state, local or foreign statute or law shall be deemed also to refer to all rules and regulations promulgated thereunder and any applicable common law, unless the context requires otherwise. The
word “including” shall mean including, without limitation, and is used in an illustrative sense rather than a limiting sense. Terms used with initial capital letters will have the meanings specified applicable to singular and plural forms
for all purposes of this Agreement. Reference to any gender will be deemed to include all genders and neutral form. 
 [Signature Pages
Follow] 
  

 37 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly
authorized representatives as of the date first written above. 
  

			
	POLARIS ACQUISITION CORP.
		
	By:	 	/s/ Jerry Stone
		 	Name: Jerry Stone
		 	Title:

 [Signature Page to the Shareholders’ Agreement] 
  

 S-1 

			
	FOUNDERS:
	
	BYRON BUSINESS VENTURES XX, LLC
		
	By:	 	/s/ Marc Byron
		 	Name: Marc Byron
		 	Title:
	
	PRAESUMO PARTNERS, LLC
		
	By:	 	/s/ Lowell Kraff
		 	Name: Lowell Kraff
		 	Title:
	
	MOORE HOLDINGS, LLC
		
	By:	 	/s/ David Moore
		 	Name: David Moore
		 	Title:
	
	VINCO VINCERE VICI VICTUM LLC
		
	By:	 	/s/ Jerry Stone
		 	Name: Jerry Stone
		 	Title:

	
	
	/s/ David F. Palmer
	David F. Palmer

 [Signature Page to the Shareholders’ Agreement] 
  

 S-2 

			
	MERITAGE FARMS LLC
		
	By:	 	/s/ Walter Mclallen
		 	Name: Walter Mclallen
		 	Title: Managing Member
	
	CLOOBECK COMPANIES, LLC
		
	By:	 	/s/ Stephen J. Cloobeck
		 	Name: Stephen J. Cloobeck
		 	Title: Manager
	
	GRANITE CREEK PARTNERS, L.L.C.
		
	By:	 	/s/ Brian B. Boorstein
		 	Name: Brian B. Boorstein
		 	Title: Managing Member
	
	HARTZ CAPITAL INVESTMENTS LLC
		
	By:	 	HARTZ CAPITAL, INC., its manager
		
	By:	 	/s/ Jonathan B. Schindel
		 	Name: Jonathan B. Schindel
		 	Title: General Counsel and Secretary
	
	ODESSA, LLC
		
	By:	 	/s/ Paul Orlin
		 	Name: Paul Orlin
		 	Title:

 [Signature Page to the Shareholders’ Agreement] 
  

 S-3 

			
	ROXBURY CAPITAL GROUP LLC INCENTIVE SAVINGS PLAN
		
	By:	 	/s/ Stuart Oran
		 	Name: Stuart Oran
		 	Title: Trustee

 [Signature Page to the Shareholders’ Agreement] 
  

 S-4 

			
	COMPANY COMMON SHAREHOLDERS:
	
	COMMUNICATIONS INVESTORS LLC
		
	By:	 	/s/ Andrew Africk
		 	Name: Andrew Africk
		 	Title: Manager

	
	
	/s/ Jeffrey Leddy
	Jeffrey Leddy
	
	/s/ Erik Goldman
	Erik Goldman
	
	/s/ Robert Lewis
	Robert Lewis
	
	/s/ Craig Kaufmann
	Craig Kaufmann
	
	/s/ Kevin Link
	Kevin Link
	
	/s/ Charles M. Link, II
	Charles Link

 [Signature Page to the Shareholders’ Agreement] 
  

 S-5 

	
	
	/s/ Frederick Blumer
	Frederick Blumer
	
	/s/ Art McMahon
	Art McMahon
	
	/s/ Andrew Africk
	Andrew Africk
	
	/s/ Matthew Nord
	Matthew Nord
	
	/s/ Keith Schneider
	Keith Schneider

  

			
	JEFFREY A. LEDDY GRANTOR RETAINED ANNUITY TRUST
		
	By:	 	/s/ Megan Leddy
		 	Name: Megan Leddy
		 	Title: Trustee
	
	BLUMER FAMILY LLC
		
	By:	 	/s/ Frederick T. Blumer
		 	Name: Frederick T. Blumer
		 	Title: CEO

 [Signature Page to the Shareholders’ Agreement] 
  

 S-6 

 [INTENTIONALLY OMITTED] 
 [Signature Page to the Shareholders’ Agreement] 
  

 S-7 

			
	COMPANY PREFERRED SHAREHOLDERS:
	
	HUGHES COMMUNICATIONS, INC
		
	By:	 	/s/ Dean A. Manson
		 	Name: Dean A. Manson
		 	Title: SVP, General Counsel & Secretary
	
	THE HARTFORD CAPITAL APPRECIATION II FUND
	
	By: WELLINGTON MANAGEMENT COMPANY, LLP, as investment adviser
		
	By:	 	/s/ Steven M. Hoffman
		 	Name: Steven M. Hoffman
		 	Title: Vice President and Counsel
	
	HARTFORD GROWTH OPPORTUNITIES HLS FUND
	
	By: WELLINGTON MANAGEMENT COMPANY, LLP, as investment adviser
		
	By:	 	/s/ Steven M. Hoffman
		 	Name: Steven M. Hoffman
		 	Title: Vice President and Counsel
	
	THE HARTFORD GROWTH OPPORTUNITIES FUND
	
	By: WELLINGTON MANAGEMENT COMPANY, LLP, as investment adviser
		
	By:	 	/s/ Steven M. Hoffman
		 	Name: Steven M. Hoffman
		 	Title: Vice President and Counsel

 [Signature Page to the Shareholders’ Agreement] 
  

 S-8 

			
	APOLLO INVESTMENT FUND V (PLASE), L.P.
		
	By:	 	 APOLLO ADVISORS V, L.P.,
 its general
partner

		
	By:	 	 APOLLO CAPITAL MANAGEMENT INC.,
 its general
partner

		
	By:	 	/s/ Andrew Africk
		 	Name: Andrew Africk
		 	Title: VP

 [Signature Page to the Shareholders’ Agreement] 
  

 S-9 

 Schedule I 
 Schedule of 
 Company Common Shareholders 
  

 Schedule I-1 

 Schedule II 
 Schedule of 
 Company Preferred Shareholders 
  

 Schedule II-1 

 Schedule III 
 Schedule of 
 Founders 
  

 Schedule III-1 

 Schedule IV 
 Required Holders 
  

 Schedule IV-1Escrow Agreement

 Exhibit 10.2 
 EXECUTION COPY 
 ESCROW AGREEMENT 
 DATED AS OF MARCH 31, 2009 
 BY AND AMONG 
 POLARIS ACQUISITION CORP., 
 COMMUNICATIONS INVESTORS LLC, AS ESCROW REPRESENTATIVE, 
 TRIVERGANCE, LLC, AS SPONSORS REPRESENTATIVE, 
 AND 
 CONTINENTAL STOCK
TRANSFER & TRUST COMPANY, AS ESCROW AGENT 

 ESCROW AGREEMENT 
 THIS ESCROW AGREEMENT, dated as of March 31, 2009 (the “Escrow Agreement”), by and among Polaris Acquisition Corp., a Delaware corporation (“Parent”), Communications Investors
LLC, in its capacity as representative of the holders of shares of Company Common Stock (the “Escrow Representative”), Trivergance, LLC, in its capacity as representative of the Sponsors (the “Sponsors
Representative”), and Continental Stock Transfer & Trust Company, as escrow agent (in such capacity, the “Escrow Agent”). Capitalized terms used herein shall have the meanings specified in Exhibit A. 
 WITNESSETH: 
 WHEREAS, Parent and Hughes
Telematics, Inc., a Delaware corporation (the “Company”), have entered into a Second Amended and Restated Agreement and Plan of Merger, dated as of March 12, 2009 (the “Merger Agreement”), pursuant to which
(1) a newly-formed wholly-owned corporate subsidiary of Parent shall be merged with and into the Company, with the Company continuing as the surviving corporation, immediately after which (2) the Company shall be merged with and into
Parent, with Parent continuing as the surviving corporation (both steps, together, the “Merger”), and pursuant to which all of the outstanding common stock of the Company, par value $0.01 per share, will be converted into and
represent the right to receive shares of the common stock, par value $0.0001 per share, of Parent (the “Parent Common Stock”); 
 WHEREAS, the Company has issued shares of Series B Convertible Preferred Stock, par value $0.01 per share (the “Series B Convertible Preferred Stock”), to certain institutional investors (each individually a “Series
B Preferred Holder”), which shares shall at the Effective Time be converted into the right to receive Parent Common Stock in accordance with the Merger Agreement; 
 WHEREAS, Parent and the Escrow Representative desire to appoint Continental Stock Transfer & Trust Company to act as Escrow Agent for the
Escrowed Shares deposited or held in the Escrow Indemnity Account, the Escrow Earnout Account and the Escrow Sponsor Earnout Account (each, an “Escrow Account” and, collectively, the “Escrow Accounts”) in accordance
with this Escrow Agreement, including any dividends or other income or earnings thereon (with respect to the Escrow Indemnity Account, the “Escrowed Indemnity Property,” with respect to the Escrow Earnout Account, the
“Escrowed Earnout Property,” with respect to the Escrow Sponsor Earnout Account, the “Escrowed Sponsor Earnout Property,” and, collectively, the “Escrowed Property”); 
 WHEREAS, in accordance with the Merger Agreement, Parent shall deposit into the Escrow Earnout Account an aggregate of 52,954,523 shares of Parent Common
Stock (the “Escrowed Earnout Shares”) for the purpose of distributing such shares to the Company Stockholders upon the achievement of certain targets, to be held and distributed by the Escrow Agent on the terms and conditions set
forth herein; 
  

 1 

 WHEREAS, to ensure that a sufficient amount of Parent Common Stock will be available to indemnify, hold
harmless and reimburse the Parent Indemnitees as required by Article VII of the Merger Agreement, on the Closing Date Parent shall deposit into the Escrow Indemnity Account an aggregate of 5,782,661 shares of Parent Common Stock (the
“Escrowed Indemnity Shares”), of which 1,489,053 shares shall be “Escrowed Initial Indemnity Shares” and 4,293,608 shall be “Escrowed Earnout Indemnity Shares”); and 
 WHEREAS, pursuant to the Merger Agreement, on the Closing Date Parent shall cause the Sponsors to deposit into the Escrow Sponsor Earnout Account an
aggregate of 1,250,000 shares of Parent Common Stock for the purpose of distributing such shares to the Sponsors upon the achievement of a certain target (the “Escrowed Sponsor Earnout Shares”); 
 NOW, THEREFORE, in consideration of the mutual promises and agreements set forth in this Escrow Agreement, the parties hereto hereby agree as follows:

 ARTICLE I 
 APPOINTMENT OF ESCROW AGENT AND DEPOSIT OF ESCROWED SHARES 
 Section 1.1 Appointment. Parent and the
Escrow Representative hereby appoint and designate the Escrow Agent as the escrow agent hereunder and the Escrow Agent hereby agrees to act as the escrow agent upon the terms set forth herein. The Escrow Agent agrees to accept the Escrowed Indemnity
Shares, Escrowed Earnout Shares and Escrowed Sponsor Earnout Shares (collectively, the “Escrowed Shares”), to maintain the Escrow Accounts, to hold the Escrowed Shares for the benefit of the Company Stockholders and Sponsors
pursuant to the terms of this Escrow Agreement, and to otherwise perform the duties of the Escrow Agent expressly set forth in this Escrow Agreement. The Escrow Agent shall hold and safeguard the Escrowed Shares and any other Escrowed Property
deposited or held from time to time in the Escrow Accounts during the term of this Escrow Agreement. 
 Section 1.2 Deposit of
Earnout Shares. On the Closing Date, Parent, on behalf of the Company Stockholders, shall deposit with the Escrow Agent stock certificates for 52,954,523 shares of Parent Common Stock (which constitute the Escrowed Earnout Shares) registered
in the name of the beneficial owners of such Escrowed Earnout Shares. The Escrow Agent shall establish on its books an account (the “Escrow Earnout Account”) for which the Escrow Agent shall note the number of Escrowed Earnout
Shares and other Escrowed Earnout Property held from time to time by the Escrow Agent pursuant hereto, and the Company Stockholders that beneficially own such Escrowed Earnout Shares and other Escrowed Earnout Property, if any. The Escrowed Earnout
Shares shall be held for delivery to the Company Stockholders upon satisfaction of the conditions set forth in Article III hereof, or to Parent in the event that such conditions are not satisfied. 
 Section 1.3 Deposit of Indemnity Shares. On the Closing Date, Parent, on behalf of the Company Common Stockholders, shall deposit
with the Escrow Agent stock certificates for 5,782,661 shares of Parent Common Stock (which constitute the Escrowed Indemnity Shares, which in turn consist of the Escrowed Initial Indemnity Shares and the Escrowed Earnout Indemnity Shares)
registered in the name of the beneficial owners of such Escrowed Earnout Indemnity Shares. 1,717,444 (or 40%) of the Escrowed Earnout Indemnity Shares shall be “First Target Indemnity Shares,” 1,288,082 (or 30%) of the Escrowed
Earnout Indemnity Shares shall be “Second Target Indemnity Shares,” and 1,288,082 (or the remaining 30%) of the Escrowed 

  

 2 

 
Earnout Indemnity Shares shall be “Third Target Indemnity Shares” (collectively the “Target Indemnity Shares”). The Escrow
Agent shall establish on its books an account (the “Escrow Indemnity Account”) for which the Escrow Agent shall note the number of Escrowed Indemnity Shares, Escrowed Initial Indemnity Shares, Escrowed Earnout Indemnity Shares,
First Target Indemnity Shares, Second Target Indemnity Shares, Third Target Indemnity Shares and other Escrowed Indemnity Property held from time to time by the Escrow Agent pursuant hereto, and the Company Common Stockholders that beneficially own
such shares and other Escrowed Indemnity Property, if any. Escrowed Earnout Indemnity Shares not delivered to Parent pursuant to Section 2.2(b) hereof shall be held for delivery to the Company Common Stockholders upon satisfaction of the
conditions set forth in Article III hereof or to Parent in the event that such conditions are not satisfied. 
 Section 1.4
Deposit of Sponsor Earnout Shares. On the Closing Date, Parent shall cause the Sponsors to deposit with the Escrow Agent stock certificates representing 1,250,000 shares of Parent Common Stock (which constitute the Escrowed Sponsor
Earnout Shares) registered in the name of the beneficial owners of such Escrowed Sponsor Earnout Shares. The Escrow Agent shall establish on its books an account (the “Escrow Sponsor Earnout Account”) for which the Escrow Agent
shall note the number of Escrowed Sponsor Earnout Shares and other Escrow Sponsor Earnout Property held from time to time by the Escrow Agent pursuant hereto, and the Sponsors that beneficially own such Escrowed Sponsor Earnout Shares and other
Escrowed Sponsor Earnout Property, if any. The Escrowed Sponsor Earnout Shares shall be held for delivery to the Sponsors upon satisfaction of the conditions set forth in Article III hereof, or to Parent in the event that such conditions are not
satisfied. 
 Section 1.5 Allocation Schedule. 
 (a) On the Closing Date, the Company and the Escrow Representative shall deliver to the Escrow Agent a schedule setting forth the
respective interests of each Company Stockholder with respect to the Escrowed Shares (as the same may be amended from time to time in accordance with Section 9.2 hereof, the “Company Stockholders Allocation Schedule”), together
with the addresses of record of such Company Stockholders and any additional information reasonably requested by the Escrow Agent. 
 (b) On the Closing Date, the Sponsors Representative shall deliver to the Escrow Agent a schedule setting forth the respective interests of each Sponsor with respect to the Escrowed Sponsor Earnout Shares (as the same may be amended from
time to time in accordance with Section 9.2 hereof, the “Sponsors Allocation Schedule”), together with the addresses of record of such Sponsors and any additional information reasonably requested by the Escrow Agent.

  

 3 

 Section 1.6 Restrictive Legends. The certificates evidencing the Escrowed Shares shall be
stamped or otherwise imprinted with a legend substantially in the forms set forth in the Instruction Letter and the Escrowed Shares shall not be sold or otherwise transferred except in accordance therewith. Prior to any transfer of Esrowed Shares,
Parent is entitled to receive, upon request, an opinion of counsel in a form reasonably satisfactory to Parent, that such transfer or sale is being made in compliance with the restrictions set forth in the restrictive legends for such Escrowed
Shares. 
 ARTICLE II 
 DELIVERY OF ESCROWED INDEMNITY PROPERTY 
 Section 2.1 Parent Demands for Indemnification.
Indemnification claims under Article VII of the Merger Agreement shall be resolved as follows: 
 (a) At any time or from time
to time before the date that is fifteen (15) months from the Closing Date (the “Indemnity Escrow Termination Date”), Parent and the Escrow Representative may deliver to the Escrow Agent a Joint Notice setting forth the number
of Escrowed Indemnity Shares to be delivered to Parent for indemnification pursuant to Article VII of the Merger Agreement (a “Claimed Amount”), together with a dollar value represented by such Claimed Amount, as if the amount
payable pursuant to such Claimed Amount were paid on the date the Joint Notice is delivered to the Escrow Agent. 
 (b) At any
time or from time to time before the Indemnity Escrow Termination Date, Parent may deliver to the Escrow Agent and the Escrow Representative a written notice (a “Parent Demand”) setting forth a Claimed Amount, as if the amount
payable pursuant to such Claimed Amount were paid on the date the Parent Demand is delivered to the Escrow Agent. Within thirty (30) days after receipt of a Parent Demand (the “Response Period”), the Escrow Representative may
deliver to the Escrow Agent and Parent a written notice (a “Response Notice”), stating: (A) the portion of the Claimed Amount, if any, to which the Escrow Representative does not object (the “Agreed Amount”);
and (B) the portion of the Claimed Amount to which the Escrow Representative objects (the “Disputed Amount”). 
 (c) If, at any time prior to the Indemnity Escrow Termination Date, the Escrow Agent receives a Joint Notice, then the Escrow Agent shall deliver to Parent (pursuant to Section 2.2 hereof) the lesser of (x) the Claimed Amount
specified in such Joint Notice and (y) the Escrowed Indemnity Shares then held by the Escrow Agent. 
 (d) If, during the
Response Period, the Escrow Agent receives a Response Notice with respect to a Parent Demand, then the Escrow Agent shall: 
 (i) deliver to Parent (pursuant to Section 2.2 hereof) the lesser of (x) the Agreed Amount specified in such Response Notice, if any, and (y) the Escrowed Indemnity Shares then held by the Escrow Agent; and 
 (ii) hold the Disputed Amount, if any, until such time as (A) the Escrow Agent receives a Joint Notice directing the Escrow Agent to
deliver the Disputed Amount (or a portion thereof) as specified in such Joint Notice, or (B) the Escrow Agent is directed by a court order, judgment or decree, accompanied by an opinion of counsel 

  

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addressed to the Escrow Agent, upon which the Escrow Agent shall conclusively rely, to the effect that such order, judgment or decree is the final,
non-appealable judgment, order or decree of a court of competent jurisdiction (a “Final Order”) presented by the prevailing party to deliver the Disputed Amount (or a portion thereof) to the person(s) (or Escrow Account) named in
the Final Order. In any event described in clause (A) or (B) above, the Escrow Agent shall deliver (pursuant to Section 2.2 hereof) the lesser of (x) the Disputed Amount (or a portion thereof) specified in such Joint Notice or
Final Order, as applicable, and (y) the Escrowed Indemnity Shares then held by the Escrow Agent. 
 (e) If the Escrow
Agent does not receive a Response Notice with respect to a Parent Demand within the appropriate Response Period, then, no later than five (5) Business Days after the expiry of the Response Period, the Escrow Agent shall deliver to Parent
(pursuant to Section 2.2 hereof) the lesser of (x) the Claimed Amount specified in such Parent Demand, and (y) the Escrowed Indemnity Shares then held by the Escrow Agent. 
 (f) Any portion of the Escrowed Property delivered to Parent from time to time by the Escrow Agent pursuant to a Joint Notice, Parent
Demand, Response Notice or Final Order shall cease to be part of the Escrowed Indemnity Property at the time of delivery thereof. 
 Section 2.2 Delivery of Escrowed Shares to Parent. 
 (a) When delivering any Claimed Amount to
Parent pursuant to Section 2.1 hereof, the Escrow Agent shall first deliver to Parent certificates representing Escrowed Initial Indemnity Shares, and the Escrow Agent shall deduct from the Escrow Indemnity Account that number of Escrowed
Initial Indemnity Shares so delivered to Parent. 
 (b) To the extent that there are insufficient Escrowed Initial Indemnity
Shares to satisfy the Claimed Amount to be delivered to Parent pursuant to Section 2.1, hereof the Escrow Agent shall deliver to Parent certificates representing Escrowed Earnout Indemnity Shares, and the Escrow Agent shall make a corresponding
deduction from the Escrow Earnout Indemnity Account. The Escrow Agent shall deduct 40% of such delivered Escrowed Earnout Indemnity Shares from the First Target Indemnity Shares and 30% of such delivered Escrowed Earnout Indemnity Shares from each
of the Second Target Indemnity Shares and the Third Target Indemnity Shares (such that the total number of delivered Escrowed Earnout Indemnity Shares is deducted pro rata from each set of Target Indemnity Shares). 
 (c) The number of Escrowed Indemnity Shares delivered to Parent pursuant to this Section 2.2 shall be deducted from the shares
available for delivery to the Company Common Stockholders pro rata among such Company Common Stockholders based on their respective interests in all of the Escrowed Shares. For the avoidance of doubt, no such deductions shall be made pursuant
to this Section 2.2 with respect to the Escrowed Shares of the Series B Preferred Holders in their capacity as such. 
 (d) Notwithstanding any Claimed Amount pursuant to Section 2.1(a), the number of Escrowed Indemnity Shares required to satisfy any actual Claimed Amount, Agreed Amount or Disputed Amount shall be calculated by reference to the Closing
Price of Parent Common Stock on the date such Escrowed Indemnity Shares are delivered to Parent. 
  

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 Section 2.3 Delivery of Escrowed Initial Indemnity Shares to the Escrow
Representative. No later than five (5) Business Days following the Indemnity Escrow Termination Date, and only after the delivery to Parent of any Claimed Amount or Agreed Amount pursuant to Sections 2.1 and 2.2 hereof, the Escrow Agent
shall deliver to the Company Common Stockholders, as directed by the Escrow Representative in writing, the Escrowed Initial Indemnity Shares then being held by the Escrow Agent, provided that (i) the Escrow Agent shall retain, in the
Escrow Indemnity Account, Escrowed Initial Indemnity Shares sufficient to satisfy all outstanding Disputed Amounts (such shares, the “Retained Initial Indemnity Shares”), (ii) for the purposes of determining the number of
Retained Initial Indemnity Shares required to satisfy a Disputed Amount, such shares shall be valued at the Closing Price of Parent Common Stock on the trading day prior to the Indemnity Escrow Termination Date, and (iii) the Retained Initial
Indemnity Shares shall not be delivered to either Parent or the Company Common Stockholders until receipt of a Joint Notice or Final Order in accordance with Section 2.1(d)(ii) hereof. 
 Section 2.4 Transfer of Escrowed Earnout Indemnity. As soon as practicable and in any event within five (5) Business Days
following the Indemnity Escrow Termination Date, and only after the delivery to Parent of any Claimed Amount or Agreed Amount pursuant to Sections 2.1 and 2.2 hereof, the Escrowed Earnout Indemnity Shares remaining in the Escrow Indemnity Account
shall be transferred to the Escrow Earnout Account, become part of the Escrowed Earnout Shares and be delivered in accordance with Article III hereof, provided that (i) the Escrow Agent shall, after giving consideration to any Retained
Initial Indemnity Shares, retain in the Escrow Indemnity Account sufficient Escrowed Earnout Indemnity Shares to satisfy all outstanding Disputed Amounts (such shares, the “Retained Earnout Indemnity Shares”), (ii) for the
purposes of determining the number of Retained Earnout Indemnity Shares required to satisfy a Disputed Amount, such shares shall be valued at the Closing Price of Parent Common Stock on the trading day prior to the Indemnity Escrow Termination Date,
and (iii) the Retained Earnout Indemnity Shares shall not be delivered to Parent or transferred to the Escrow Earnout Account until receipt of a Joint Notice or Final Order in accordance with Section 2.1(d)(ii) hereof. 
 Section 2.5 Delivery or Transfer of Dividends and Distributions. In delivering or transferring any Escrowed Indemnity Shares
pursuant to this Article II, the Escrow Agent shall concurrently deliver or transfer to the Company Stockholders, Sponsors or Parent, as applicable, the corresponding dividends and distributions, if any, paid or made in respect of such delivered
shares as set forth in Section 4.1 hereof, to the extent not previously released pursuant thereto. 
 Section 2.6 Means of
Delivery. Any of the Escrowed Property delivered by the Escrow Agent to any party pursuant to this Article II shall be delivered by such means as shall be set forth in the written instructions from such party delivered and reasonably
satisfactory to the Escrow Agent. 
  

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 ARTICLE III 
 DELIVERY OF ESCROWED EARNOUT PROPERTY 
 Section 3.1 Demand and Delivery of Escrowed
Earnout Shares. The Escrowed Earnout Shares shall be delivered as follows. 
 (a) At any time after the first
anniversary of the Closing Date, and after the satisfaction of the condition set forth on Schedule 3.1(a) attached hereto (the “First Delivery Condition”), the Escrow Representative shall be entitled to deliver written notice
to the Escrow Agent, with a copy to Parent, the Series B Preferred Holders and the Sponsors Representative (the “First Release Notice”), indicating whether, in the exercise of its reasonable judgment, the Escrow Representative
believes the First Delivery Condition has been satisfied, and setting forth a description in reasonable detail of the facts and circumstances that evidence such satisfaction. The First Release Notice shall also contain a demand for delivery
(A) to the Company Common Stockholders of the Common First Target Shares plus any First Target Indemnity Shares that, pursuant to Section 2.2 hereof, are not (x) delivered to Parent, (y) retained until the Indemnity Escrow
Termination Date and/or (z) Retained Earnout Indemnity Shares and (B) to the Series B Preferred Holders of an aggregate of 3,000,000 of the Escrowed Earnout Shares set forth under the column entitled “First Target Shares” and
allocated to Series B Preferred Holders on the Company Stockholders Allocation Schedule (collectively, the “Claimed First Target Shares”). 
 (i) Within five (5) Business Days after receipt by Parent of a copy of the First Release Notice, Parent shall be entitled to deliver written notice to the Escrow Agent, with a copy to the Escrow Representative
and the Series B Preferred Holders (any such notice, a “First Release Challenge Notice”), disputing any of the facts and circumstances set forth in such First Release Notice or the number of Claimed First Target Shares to be
distributed to the Company Common Stockholders pursuant thereto. The First Release Challenge Notice shall set forth (A) the portion of the Claimed First Target Shares to which Parent does not object, if any (the “Agreed First Target
Shares”), and (B) the portion of the Claimed First Target Shares to which Parent objects (the “Disputed First Target Shares”). 
 (ii) If the Escrow Agent does not receive a First Release Challenge Notice within five (5) Business Days of receipt of the First
Release Notice, then the Escrow Agent shall promptly deliver from escrow (x) the Claimed First Target Shares to the Company Stockholders in accordance with the Company Stockholders Allocation Schedule and (y) the Escrowed Sponsor Earnout
Shares to the Sponsors. 
 (iii) If the Escrow Agent is in receipt of a First Release Challenge Notice prior to the sixth
Business Day after receipt of a First Release Notice, the Escrow Agent shall (A) deliver from escrow the Agreed First Target Shares, if any, to the Company Stockholders and the Escrowed Sponsor Earnout Shares to the Sponsors; and (B) hold
the Disputed First Target Shares, if any, until such time as (x) the Escrow Agent receives a Joint Notice directing the Escrow Agent to deliver the Disputed First Target Shares (or a portion thereof) as specified in such Joint Notice or
(y) the Escrow Agent is directed by a Final Order presented by the prevailing party to deliver the Disputed First Target Shares (or a portion thereof) to the person(s) named in the Final Order; provided that, if the First Release
Challenge Notice challenges only the number of Claimed First Target Shares to be delivered to the Company Common Stockholders (and not the satisfaction of the First Delivery Condition), then the Escrow Agent shall deliver on the sixth Business Day
after receipt of the First Release Notice, 3,000,000 Claimed First Target Shares to the Series B Preferred Holders and the Escrowed Sponsor Earnout Shares to the Sponsors. In the event that, on March 31, 2014, there are any Claimed First

  

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Target Shares or Escrowed Sponsor Earnout Shares that are not the subject of a First Release Notice and remain in the Escrow Earnout Account, the Escrow
Agent shall deliver such Claimed First Target Shares and Escrowed Sponsor Earnout Shares to Parent as soon as is practicable, which shares shall automatically be cancelled and shall cease to exist in accordance with the terms of the Merger
Agreement. 
 (b) At any time after the second anniversary of the Closing Date, and after the satisfaction of the condition
set forth on Schedule 3.1(b) attached hereto (the “Second Delivery Condition”), the Escrow Representative shall be entitled to deliver written notice to the Escrow Agent, with a copy to Parent and the Series B Preferred
Holders (a “Second Release Notice”), indicating whether, in the exercise of its reasonable judgment, the Escrow Representative believes that the Second Delivery Condition has been satisfied, and setting forth a description in
reasonable detail of the facts and circumstances that evidence such satisfaction. The Second Release Notice shall also contain a demand for delivery (A) to the Company Common Stockholders of the Common Second Target Shares plus any
Second Target Indemnity Shares that, pursuant to Section 2.2 hereof, are not (x) delivered to Parent and (y) Retained Earnout Indemnity Shares and (B) to the Series B Preferred Holders of an aggregate of 2,250,000 of the Escrowed
Earnout Shares set forth under the column entitled “Second Target Shares” and allocated to Series B Preferred Holders on the Company Stockholders Allocation Schedule (collectively, the “Claimed Second Target Shares”).

 (i) Within five (5) Business Days after receipt by Parent of a copy of the Second Release Notice, Parent shall be
entitled to deliver written notice to the Escrow Agent, with a copy to the Escrow Representative and the Series B Preferred Holders (any such notice, a “Second Release Challenge Notice”), disputing any of the facts and circumstances
set forth in such Second Release Notice or the number of Claimed Second Target Shares to be distributed to the Company Common Stockholders pursuant thereto. The Second Release Challenge Notice shall set forth (A) the portion of the Claimed
Second Target Shares to which Parent does not object, if any (the “Agreed Second Target Shares”), and (B) the portion of the Claimed Second Target Shares to which Parent objects (the “Disputed Second Target
Shares”). 
 (ii) If the Escrow Agent does not receive a Second Release Challenge Notice within five
(5) Business Days of receipt of the Second Release Notice, then the Escrow Agent shall promptly deliver from escrow the Claimed Second Target Shares to the Company Stockholders in accordance with the Company Stockholders Allocation Schedule.

 (iii) If the Escrow Agent is in receipt of a Second Release Challenge Notice prior to the sixth Business Day after receipt
of a Second Release Notice, the Escrow Agent shall (A) deliver from escrow the Agreed Second Target Shares, if any, to the Company Stockholders; and (B) hold the Disputed Second Target Shares, if any, until such time as (x) the Escrow
Agent receives a Joint Notice directing the Escrow Agent to deliver the Disputed Second Target Shares (or portion thereof) as specified in such Joint Notice, or (y) the Escrow Agent is directed by a Final Order presented by the prevailing party
to deliver the Disputed Second Target Shares (or a portion thereof) to the person(s) named in the Final Order; provided that, if the Second Release Challenge Notice 

  

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challenges only the number of Claimed Second Target Shares to be delivered to the Company Common Stockholders (and not the satisfaction of the Second
Delivery Condition), then the Escrow Agent shall deliver, on the sixth Business Day after receipt of the Second Release Notice, 2,250,000 Claimed Second Target Shares to the Series B Preferred Holders. In the event that, on March 31, 2014,
there are any Claimed Second Target Shares that are not the subject of a Second Release Notice and remain in the Escrow Earnout Account, the Escrow Agent shall deliver such Claimed Second Target Shares to Parent as soon as is practicable, which
shares shall automatically be cancelled and shall cease to exist in accordance with the terms of the Merger Agreement. 
 (c)
At any time after the third anniversary of the Closing Date, and after the satisfaction of the condition set forth on Schedule 3.1(c) attached hereto (the “Third Delivery Condition”), the Escrow Representative shall be
entitled to deliver written notice to the Escrow Agent, with a copy to Parent and the Series B Preferred Holders (a “Third Release Notice”), indicating whether, in the exercise of its reasonable judgment, the Escrow Representative
believes that the Third Delivery Condition has been satisfied, and setting forth a description in reasonable detail of the facts and circumstances that evidence such satisfaction. The Third Release Notice shall also contain a demand for deliver
(A) to the Company Stockholders the Common Third Target Shares plus any Third Target Indemnity Shares that, pursuant to Section 2.2 hereof, are not (x) delivered to Parent and (y) Retained Earnout Indemnity Shares and
(B) to the Series B Preferred Holders of an aggregate of 2,250,000 of the Escrowed Earnout Shares set forth under the column entitled “Third Target Shares” and allocated to Series B Preferred Holders on the Company Stockholders
Allocation Schedule (collectively, the “Claimed Third Target Shares”). 
 (i) Within five (5) Business
Days after receipt by Parent of a copy of the Third Release Notice, Parent shall be entitled to deliver written notice to the Escrow Agent, with a copy to the Escrow Representative and the Series B Preferred Holders (any such notice, a
“Third Release Challenge Notice”), of the disagreement of Parent with any of the facts and circumstances set forth in such Third Release Notice or the number of Claimed Third Target Shares to be distributed to the Company Common
Stockholders pursuant thereto. The Third Release Challenge Notice shall set forth (A) the portion of the Claimed Third Target Shares to which Parent does not object, if any (the “Agreed Third Target Shares”), and (B) the
portion of the Claimed Third Target Shares to which Parent objects (the “Disputed Third Target Shares”). 
 (ii) If the Escrow Agent does not receive a Third Release Challenge Notice within five (5) Business Days of, receipt of the Third Release Notice, then the Escrow Agent shall promptly deliver from escrow the Claimed Third Target Shares
to the Company Stockholders in accordance with the Company Stockholders Allocation Schedule. 
 (iii) If the Escrow Agent is
in receipt of a Third Release Challenge Notice prior to the sixth Business Day after receipt of a Third Release Notice, the Escrow Agent shall (A) deliver from escrow the Agreed Third Target Shares, if any, to the Company Stockholders; and
(B) hold the Disputed Third Target Shares, if any, until such time as (x) the Escrow Agent receives a Joint Notice directing the Escrow Agent to 

  

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deliver the Disputed Third Target Shares (or portion thereof) as specified in such Joint Notice, or (y) the Escrow Agent is directed by a Final Order
presented by the prevailing party to deliver the Disputed Third Target Shares (or a portion thereof) to the person(s) named in the Final Order; provided that, if the Third Release Challenge Notice challenges only the number of Claimed Third
Target Shares to be delivered to the Company Common Stockholders (and not the satisfaction of the Third Delivery Condition), then the Escrow Agent shall deliver, on the sixth Business Day after receipt of the Second Release Notice, 2,250,000 Claimed
Third Target Shares to the Series B Preferred Holders. In the event that, on March 31, 2014, there are any Claimed Third Target Shares that are not the subject of a Third Release Notice and remain in the Escrow Earnout Account, the Escrow Agent
shall deliver such Claimed Third Target Shares to Parent as soon as is practicable, which shares shall automatically be cancelled and shall cease to exist in accordance with the terms of the Merger Agreement. 
 (d) In the event the outstanding shares of Parent Common Stock shall be subdivided or reclassified into a greater number of shares of
Parent Common Stock, the target share price triggers contained in the First Delivery Condition, Second Delivery Condition and Third Delivery Condition (the “Share Price Triggers”) in effect at the close of business on the day upon
which such subdivision or reclassification becomes effective shall be equitably and proportionately reduced, and conversely, in case outstanding shares of Parent Common Stock shall each be combined or reclassified into a smaller number of shares of
Parent Common Stock, the Share Price Triggers in effect at the close of business on the day upon which such combination or reclassification becomes effective shall be equitably and proportionately increased, such reduction or increase, as the case
may be, to become effective immediately prior to the opening of business on the day following the day upon which such subdivision or combination becomes effective. Parent shall promptly provide to the Escrow Agent, with a copy to the Series B
Preferred Holders, a revised Schedule 3.1(a), Schedule 3.1(b) and/or Schedule 3.1(c), as applicable, reflecting the adjusted Share Price Triggers. 
 (e) In connection with any such subdivision or reclassification into a greater number of shares of Parent Common Stock, the Escrowed Shares distributable upon the achievement of the applicable delivery conditions
shall be equitably and proportionately increased and, conversely, in connection with any such combination or reclassification into a smaller number of shares of Parent Common Stock, the Escrowed Shares distributable upon the achievement of the
applicable delivery conditions shall be equitably and proportionately reduced. For example, for purposes of clarity, (x) in the case of a 2-for-1 stock split of Parent Common Stock, the Escrowed Sponsor Earnout Shares shall be increased from
1,250,000 to 2,500,000 and (y) in the case of a 1-for-2 reverse stock split of Parent Common Stock, the Escrowed Earnout Shares shall be reduced from 1,250,000 to 625,000. Parent shall promptly provide to the Escrow Agent, with a copy to the
Series B Preferred Holders, a revised Company Stockholders Allocation Schedule and Sponsors Allocation Schedule, if applicable, reflecting the adjustments to the Escrowed Shares. 
 (f) Without limiting the specificity of any of the foregoing, it is the intent of the parties to provide for fair and equitable
adjustments to the Share Price Triggers and the Escrowed Shares to preserve the economic benefits intended to be provided to the Company Stockholders and the Sponsors, respectively, under the terms of this Escrow Agreement in the 

  

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event there is any change in or conversion of the Parent Common Stock and, accordingly, the Board shall make appropriate equitable adjustments in connection
therewith, as determined in the good faith judgment of the Board. 
 (g) Neither Parent nor any affiliate thereof shall take
any action, directly or indirectly, with the intent or effect of influencing or manipulating the market prices of Parent Common Stock during any measurement period described in Sections 3.1(a), (b) or (c) hereof. Furthermore, for the
purposes of determining whether a Share Price Trigger has been achieved for 20 trading days within any 30-trading-day period pursuant to the First Delivery Condition, the Second Delivery Condition or the Third Delivery Condition, any trading days as
of which Parent, any Sponsor, any Company Stockholder or any of their respective Affiliates (A) makes a public announcement or statement relating to the purchase or sale of equity securities of Parent (other than ordinary-course, generic
statements as to the possibility of such purchases from time to time and which do not specify either the amount of any such potential purchases nor the price or prices at which such purchases can be made), whether in the public market or otherwise,
or (B) purchases, in the aggregate, to the best knowledge of Parent, Parent Common Stock exceeding 1% of the average daily trading volume reported for the security in during the four calendar weeks preceding the week in which such purchases
were made, shall not be counted as days on which such Share Price Triggers has been achieved. Such excluded days shall extend the 30-day trading-day measurement period by an equal number of days. 
 Section 3.2 Delivery of Dividends and Distributions. In releasing any Escrowed Earnout Shares or Escrowed Sponsor Earnout Shares
pursuant to this Article III, the Escrow Agent shall concurrently deliver to the Company Stockholders or Sponsors (as set forth in the applicable release notice) or Parent, as applicable, the corresponding dividends and distributions, if any, paid
or made in respect of such delivered shares as set forth in Section 4.1 hereof, to the extent not previously released pursuant thereto. 
 Section 3.3 Change of Control or Reorganization Event. Notwithstanding anything to the contrary set forth herein, in the event of a Change of Control or Reorganization Event, all the Escrowed Earnout Shares, Escrowed
Indemnity Shares and Escrowed Sponsor Earnout Shares remaining in the Escrow Accounts shall be delivered to the Company Stockholders or Sponsors, as applicable, or cancelled as follows: (i) to the extent that the Change of Control or
Reorganization Event Consideration exceeds the First Delivery Condition, any Claimed First Target Shares shall be released, (ii) to the extent that the Change of Control or Reorganization Event Consideration exceeds the Second Delivery
Condition, any Claimed Second Target Shares shall be released, and (iii) to the extent that the Change of Control or Reorganization Event Consideration exceeds the Third Delivery Condition, any Claimed Third Target Shares shall be released. To
the extent that the Change of Control or Reorganization Event Consideration does not exceed the First Delivery Condition, Second Delivery Condition, or the Third Delivery Condition, as applicable, the Escrowed Shares with respect to the First
Delivery Condition, Second Delivery Condition or Third Delivery Condition, as applicable, shall no longer be outstanding and shall be cancelled, effective upon completion of such Change of Control or Reorganization Event. 
  

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 ARTICLE IV 
 CONCERNING THE PARENT COMMON STOCK 
 Section 4.1 Conversions, Dividends, Stock Splits, Mergers,
Etc. 
 (a) So long as any of the Escrowed Shares are held by the Escrow Agent under this Escrow Agreement, all
stock dividends and distributions paid or made in respect of the Escrowed Shares held by the Escrow Agent (including all such dividends and distributions made in connection with any recapitalization, reclassification, split, combination or exchange
of shares other than a recapitalization, reclassification, split, combination or exchange made in connection with a Change of Control of Reorganization Event with respect to which Section 3.3 will apply) shall be held by the Escrow Agent as
Escrowed Indemnity Shares, Escrowed Earnout Shares or Sponsor Earnout Shares, as applicable. All stock dividends shall be issued in the name of the applicable Company Stockholder or Sponsor and shall be endorsed in blank for transfer and deposited
with the Escrow Agent as Escrowed Indemnity Shares, Escrowed Earnout Shares or Sponsor Earnout Shares, as applicable, hereunder. All cash or property dividends, distributions, and other amounts paid on or in respect of the Escrowed Shares and any
other Escrowed Property held by the Escrow Agent shall added to the Escrow Indemnity Account, Escrow Earnout Account or Escrow Sponsor Earnout Account, as applicable, for the accounts of the Company Stockholders or Sponsors on or with respect to
whose Escrowed Shares or Escrowed Property such amounts were distributed or paid. 
 (b) If Parent shall enter into any
transaction in which shares of Parent Common Stock are converted into the right to receive cash, securities or other property, each Company Stockholder or Sponsor may, in its sole discretion, with respect to any Escrowed Shares beneficially owned by
such Company Stockholder or Sponsor, as the case may be, take all actions necessary or advisable in connection with such transactions, including, without limitation, with respect to the execution and delivery of any letters of transmittal or similar
documents relating to such transaction and the exercise of any dissenter’s rights in respect thereof, and Escrow Agent shall cooperate with such Company Stockholder or Sponsor in connection with effecting such action, including, without
limitation, by releasing directly to Parent for conversion in connection with such transaction any Escrowed Shares to be delivered with such letters of transmittal. Any cash, securities, rights or other property received by any Company Stockholder
or Sponsor in respect of Escrowed Shares in such a transaction shall be deposited directly into the Escrow Indemnity Account, Escrow Earnout Account or Escrow Sponsor Earnout Account, as applicable. All of such cash, securities, rights or other
property shall be held and distributed as though they were Escrowed Shares hereunder; provided, however, that if such transaction constitutes a Change of Control or Reorganization Event, such property held as Escrowed Earnout Shares or
Sponsor Earnout Shares may be delivered or cancelled in accordance with Section 3.3 hereof. In addition, in the event that any tender or exchange offer for shares of Parent Common Stock is commenced at any time at which there remain Escrowed
Shares, each Company Stockholder or Sponsor may, in its sole discretion, direct the Escrow Agent to cause any Escrowed Shares attributable to such Company Stockholder or Sponsor to be duly tendered into such tender or exchange offer. Any cash,
securities or other property received in respect of such tendered Escrowed Shares shall be deposited directly into the Escrow Indemnity Account, Escrow Earnout Account or Escrow Sponsor Earnout Account, as applicable; provided,
however, that if the consummation of such 

  

 12 

 
tender offer and any related transactions constitute a Change of Control or Reorganization Event, such property held as Escrowed Earnout Shares or Sponsor
Earnout Shares may be delivered or cancelled in accordance with Section 3.3 hereof. 
 Section 4.2 Voting Rights.
All voting rights of the shares of Parent Common Stock held by the Escrow Agent shall be vested in the Company Stockholders or Sponsors to whom such shares are attributed on the Company Stockholders Allocation Schedule or the Sponsors Allocation
Schedule, as applicable, unless and until such shares of Parent Common Stock are delivered to Parent pursuant to this Escrow Agreement. The Escrow Agent will promptly forward to each Company Stockholder or Sponsor to whom any Escrowed Shares are
credited all notices of stockholders’ meetings, proxy statements and reports to stockholders received by the Escrow Agent in respect thereof and will either (a) vote the Escrowed Shares credited to such Company Stockholder or Sponsor only
in accordance with written instructions received from such Company Stockholder or Sponsor or (b) forward to such Company Stockholder or Sponsor a signed proxy enabling the Company Stockholder or Sponsor to vote such Escrowed Shares. The Escrow
Agent shall be reimbursed for the cost of such forwarding in accordance with Section 8.2 hereof. 
 ARTICLE V 
 NO FRACTIONAL SHARES 
 No certificates
or scrip representing fractional shares of Parent Common Stock shall be issued upon the disbursement of Escrowed Shares. Any fractional share created through a stock split or other reorganization event shall be cancelled. 
 ARTICLE VI 
 INVESTMENT OF ESCROWED
CASH 
 Until the termination of this Escrow Agreement and the delivery of the Escrowed Property held by the Escrow Agent pursuant
hereto, the Escrow Agent shall, at the written direction of the Escrow Representative, invest and reinvest any portion of the Escrowed Property held by the Escrow Agent hereunder that consists of cash or cash equivalents (the “Escrowed
Cash”) solely in (a) marketable obligations of, or obligations guaranteed by, the United States of America or (b) Federal Obligations (as defined below). In the event that the Escrow Representative does not give written directions
to the Escrow Agent in a timely manner, the Escrow Agent shall invest and reinvest the Escrowed Cash in instruments of the type set forth above in clause (a) or (b) of the first sentence of this Article VI. The Escrow Agent shall have no
liability to the Company Stockholders, Sponsors or Parent arising, directly or indirectly, from any investment made pursuant to this Article VI. As used herein, the term “Federal Obligations” means obligations of, or obligations
guaranteed by, the United States of America or any agency thereof. Any dividends, interest or other income earned from the investment of the Escrowed Cash shall be treated as dividends and distributions as set forth in Section 4.1(a) hereof.

  

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 ARTICLE VII 
 TAX-RELATED TERMS AND APPOINTMENT OF ESCROW REPRESENTATIVE 
 AND SPONSORS REPRESENTATIVE

 Section 7.1 Tax Reporting. The parties hereto agree to treat the Company Stockholders and Sponsors as the owners
of the Escrowed Property for all tax purposes in the proportions set forth on Company Stockholders Allocation Schedule and the Sponsors Allocation Schedule, respectively, and shall comply with all reporting and withholding obligations on that basis.
Accordingly, each of the Company Stockholders and Sponsors agrees to include in its taxable income, to the extent applicable, its proportionate share of any earnings on the Escrowed Property. 
 Section 7.2 Certification of Tax Identification Number. To the extent required by applicable law, each Company Stockholder and
Sponsor shall provide the Escrow Agent with a certified tax identification number by signing and returning a Form W-9 (or an appropriate Form W-8, in case of non-U.S. persons) to the Escrow Agent prior to the date on which any dividend or other
distribution is paid or made in respect of Escrowed Shares or income earned on the investment of the Escrowed Cash is credited to the Escrowed Cash. Each of the Escrow Representative, Company Stockholders and Sponsors understands that, in the event
its tax identification numbers are not certified to the Escrow Agent, the Code may require withholding of a portion of any interest or other income earned on the investment of the Escrowed Cash. 
 Section 7.3 Other Tax Matters. The Escrow Agent is hereby authorized and instructed to comply with all requirements under applicable
tax laws, including those relating to missing taxpayer identification numbers, and to file any appropriate reports with the applicable taxing authorities, including the Internal Revenue Service, with respect to any payment made by the Escrow Agent
hereunder and any earnings on the Escrowed Property. The Escrow Agent shall be entitled to deduct and withhold from amounts otherwise payable to the Company Stockholders and Sponsors such amounts as the Escrow Agent is required to deduct and
withhold with respect to the making of such payment under any provision of federal, state, local or foreign tax law. If the Escrow Agent so withholds any amounts, such amounts shall be treated for all purposes of this Escrow Agreement as having been
paid to the Company Stockholder or Sponsor in respect of which the Escrow Agent made such deduction and withholding. The Escrow Agent shall timely pay over any amounts so deducted or withheld to the applicable taxing authority. 
 Section 7.4 Tax Distributions. Notwithstanding anything in this Escrow Agreement to the contrary, if the majority of the
Unaffiliated Directors determines that a portion of any amounts paid in respect of the Escrowed Property should be distributed to the Company Stockholders and/or Sponsors in respect of tax liabilities arising from such amounts, the Board shall
direct the Escrow Agent to make such distribution to the Company Stockholders and Sponsors. In determining the amount to be distributed, the Board may take into account prevailing tax rates and other factors it determines relevant for such purposes.

 Section 7.5 Escrow Representative. Communications Investors LLC is hereby designated by Parent, the Company
Stockholders and the Sponsors serve as the agent of such the Company Stockholders and the Sponsors, as the initial Escrow Representative hereunder and by its signature below it hereby acknowledges such appointment and agrees to serve in such 

  

 14 

 
capacity on the terms and subject to the conditions set forth in this Escrow Agreement. The Escrow Representative (including any successor or successors
thereto) shall act as the representative of the Company Stockholders and the Sponsors, and shall be authorized to act on behalf of the Company Stockholders and the Sponsors and to take any and all actions required or permitted to be taken by the
Escrow Representative under this Escrow Agreement. Any party to this Escrow Agreement shall be entitled to rely on all statements, representations and decisions of the Escrow Representative. 
 Section 7.6 Escrow Representative Expenses and Indemnification. The Escrow Representative shall be authorized to incur any
reasonable costs and expenses and to take any action reasonably necessary, as determined by the Escrow Representative, to fulfill its obligations under this Escrow Agreement, which expenses shall be born by Parent. Each Company Common Stockholder
shall jointly and severally indemnify the Escrow Representative from and against such Company Common Stockholder’s ratable share of any and all liabilities, losses, damages, claims, costs or expenses (including the reasonable fees and expenses
of any legal counsel retained by the Escrow Representative) suffered or incurred by the Escrow Representative arising out of or resulting from any such action taken or omitted to be taken by the Escrow Representative in its capacity as Escrow
Representative under Article VII of the Merger Agreement. The Escrow Representative shall not be entitled to any compensation for his, her or its services in such capacity. 
 Section 7.7 Sponsors Representative. Trivergance, LLC is hereby designated by the Sponsors serve as the agent of the Sponsors, as
the initial Sponsors Representative hereunder and by its signature below it hereby acknowledges such appointment and agrees to serve in such capacity on the terms and subject to the conditions set forth in this Escrow Agreement. The Sponsors
Representative (including any successor or successors thereto) shall act as the representative of the Sponsors for the limited purposes set forth in this Agreement, and shall be authorized to act on behalf of the Sponsors and to take any and all
actions required or permitted to be taken by the Escrow Representative under this Escrow Agreement. Any party to this Escrow Agreement shall be entitled to rely on all statements, representations and decisions of the Sponsor Representative.

 ARTICLE VIII 
 RESPONSIBILITY OF ESCROW AGENT; FEES; DISPUTES 
 Section 8.1 Responsibility of Escrow Agent.

 (a) The Escrow Agent shall not be responsible for the genuineness of any signature or document presented to it pursuant to
this Escrow Agreement and may rely conclusively upon and shall be protected in acting upon any judicial order or decree, certificate, notice, request, consent, statement, instruction or other instrument believed by it in good faith to be genuine or
to be signed or presented by the proper person hereunder, or duly authorized by such person or properly made. 
 (b)
Notwithstanding anything to the contrary in this Escrow Agreement, prior to taking any action hereunder, the Escrow Agent may, if in doubt regarding its duties and obligations, seek instructions from Parent and the Escrow Representative, or from
Parent and the 

  

 15 

 
Sponsors Representative, as applicable, and if such instructions are in conflict, the Escrow Agent may seek instructions or other relief (including but not
limited to interpleader) from a court of competent jurisdiction, and further may request such evidence, documents, certificates or opinions as it may deem appropriate. The Escrow Agent shall be entitled to act in reliance upon the advice of counsel
in all matters pertaining to this Escrow Agreement, and shall not be liable for any action taken or omitted by it in good faith in accordance with such advice. 
 (c) The Escrow Agent shall not be bound by any notice of, or demand with respect to, any waiver, modification, amendment, termination,
cancellation, rescission or supersession of this Escrow Agreement, unless such is in writing and signed by Parent, the Escrow Representative and a majority of the Unaffiliated Directors. 
 (d) Parent and the Escrow Representative jointly and severally agree to indemnify and hold the Escrow Agent harmless, and further to
protect and defend the Escrow Agent (with counsel selected by the Escrow Agent) against any losses, liabilities and damages incurred by the Escrow Agent as a consequence of any action taken or omitted to be taken by it in the performance of its
obligations hereunder (including, without limitation, the reasonable fees and disbursements of counsel), with the exception of any losses, liabilities and damages arising from the Escrow Agent’s gross negligence or willful misconduct.

 Section 8.2 Fees of Escrow Agent. For its services hereunder, Parent shall pay, and the Escrow Agent shall receive,
fees and expenses as set forth on Schedule 8.2 attached hereto (prorated for partial months) plus reasonable out-of-pocket expenses until it has delivered all of the Escrowed Property pursuant to this Escrow Agreement. The Escrow Agent shall
be reimbursed by Parent for all reasonable out-of-pocket expenses incurred by the Escrow Agent necessary to perform such services (other than taxes imposed in respect of the receipt of the fees referred to in the preceding sentence). 
 Section 8.3 Disputes Between the Parties. In the event that any of the Escrowed Shares are required to be maintained in escrow
pending receipt of a Final Order directing distribution of any of the Escrowed Shares, (a) it is the intention of the parties hereto that the court to issue such Final Order will be charged with determining whether the conditions for delivery
of such Escrowed Shares to Parent, the Company Stockholders or Sponsors as set forth in this Escrow Agreement or any other agreement relevant thereto, including the Merger Agreement, have been met, and (b) the Escrow Representative shall give
each Company Stockholder written notice of such dispute, describing in reasonable detail, the relevant facts and circumstances. 
  

 16 

 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.1 Notices and Communications. All notices or other
communications hereunder shall be in writing and shall be deemed given if delivered personally or mailed by prepaid registered or certified mail (return receipt requested) or by telecopy, cable, telegram or telex addressed as follows: 
  

	 	(a)	If to the Escrow Representative, to: 

 Apollo Management,
L.P. 
 One Manhattanville Road, Suite 201 
 Purchase, New York 10577 
 Attention: Tom Doria 
 Telecopy: 914-206-4485 
 Copy
to: 
 Communications Investors LLC 
 c/o Apollo Management, L.P. 
 9 West 57th Street – 43rd Floor 
 Attention: Andrew Africk 
 Telecopy:
646-607-0120 
  

	 	(b)	To Parent after the Effective Time: 

 Hughes Telematics,
Inc. 
 41 Perimeter Center East, Suite 400 
 Atlanta, Georgia 30346 
 Attention: Chief Financial Officer 
 Telecopy: (770) 391-6426 
 Copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036

 Attention: Gregory A. Fernicola 
 Telecopy: (917) 777-2918 
  

	 	(c)	If to the Escrow Agent, to: 

 Continental Stock
Transfer & Trust Company 
 17 Battery Place 
 New York, New York 10004 
 Attention: Chairman 
  

	 	(d)	If to the Sponsors Representative, to: 

 Trivergance, LLC

 2200 Fletcher Avenue 
 4th Floor 
 Fort Lee, New Jersey 07024 
 Attention: Jerry Stone 
  

 17 

 Copy to: 
 Trivergance, LLC 
 227 West Monroe Street 
 Suite 3920Chicago, Illinois 60606 
 Attention: Jerry Stone 
 (e) If to any of the Company Stockholders, to the address set forth next to his, her or its
name on Exhibit B to the Instruction Letter (as the same may be revised to reflect any changes of address). 
 Section 9.2
Term, Amendments, and Successors. 
 (a) Except as otherwise provided herein, this Escrow Agreement shall
continue until the date on which all of the Escrowed Property has been distributed as provided in Articles II and III hereof. 
 (b) No waiver, modification, amendment, termination, cancellation, rescission or supersession of this Escrow Agreement or any documents delivered hereunder (including, without limitation, the Company Stockholders Allocation Schedule and the
Sponsors Allocation Schedule) shall be effective unless such is in writing and signed by Parent, the Escrow Representative, a majority of the Unaffiliated Directors and the Required Holders; provided, however, that no such waiver,
modification, amendment, termination, cancellation, rescission or supersession shall be effective as to any Company Stockholder or Sponsor adversely affected thereby (including without limitation, any adverse economic effect or adverse regulatory
effect) without the prior written consent of such Company Stockholder and/or Sponsor; provided, further, that Parent may revise the share amounts and/or names of the Company Stockholders or Sponsors, as applicable, in this Escrow
Agreement, the Company Stockholders Allocation Schedule or the Sponsor Allocation Schedule, and the Escrow Agent may revise the stock certificates, at any time to reflect (i) transfers of Escrowed Shares to Permitted Transferees,
(ii) delivery of any Escrowed Indemnity Shares delivered to Parent for indemnification in accordance with Article II hereof, (iii) changes to the amount of Escrowed Shares in accordance with Section 3.1(d), (e) and (f) as a
result of any dividend, distribution, recapitalization, reclassification, split, combination, exchange of shares or receipt of shares from another company, (iv) changes to the amount of Escrowed Shares as a result of any tender or exchange
offer for shares of Parent Common Stock in accordance with Section 4.1(b), or (v) changes to the name of a beneficial owner of any Escrowed Shares upon receipt of a written notice from the holder certifying that there has been no change in
the beneficial ownership of the Escrowed Shares and no transfer of the Escrowed Shares. Such shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 
 Section 9.3 Counterparts. This Escrow Agreement may be executed in any number of counterparts (which may be delivered by facsimile
or pdf.), each of which shall be an original and all of which taken together shall constitute one and the same instrument. In making proof of this Escrow Agreement it shall be necessary to produce or account for only one such counterpart signed by
or on behalf of the party sought to be charged herewith. 
  

 18 

 Section 9.4 Resignation or Removal of Escrow Agent. 
 (a) The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder upon thirty (30) days’
prior written notice to Parent, the Series B Preferred Holders, the Sponsors Representative and the Escrow Representative. Such resignation shall become effective at such time that the Escrow Agent shall turn over the Escrowed Property to a
successor escrow agent appointed by Parent. If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit the Escrowed Property with any escrow agent it deems
reasonably appropriate. 
 (b) Parent and the Escrow Representative may remove the Escrow Agent at any time by giving to the
Escrow Agent thirty (30) days’ prior written notice thereof signed by Parent and the Escrow Representative. The Escrow Agent shall turn over the Escrowed Property to a successor escrow agent appointed by Parent. 
 (c) Notwithstanding Section 9.10 hereof, any corporation or association into which the Escrow Agent may be merged or converted or
with which it may be consolidated, or any corporation or association to which all or substantially all the escrow business of the Escrow Agent’s corporate trust line of business may be transferred, shall be the Escrow Agent under this Escrow
Agreement without further act. 
 Section 9.5 Resignation of Escrow Representative. In the event that the Escrow
Representative shall resign or be unable to act for any reason, the Escrow Representative (or his, her or its legal representative) shall select a successor Escrow Representative to fill such vacancy, subject to the approval and confirmation of
Company Stockholders entitled to a majority of the Escrowed Earnout Shares and the Required Holders, and such successor shall be deemed to be the Escrow Representative for all purposes of this Agreement. Upon the appointment of a successor Escrow
Representative under this Agreement, such successor Escrow Representative will succeed to and become vested with all of the rights, powers, privileges and duties of the predecessor Escrow Representative under this Agreement, and the predecessor
Escrow Representative will be discharged from such predecessor Escrow Representative’s duties and obligations under this Escrow Agreement. 
 Section 9.6 Resignation of Sponsors Representative. In the event that the Sponsors Representative shall resign or be unable to act for any reason, the Sponsors Representative (or his, her or its legal representative)
shall select a successor Sponsors Representative to fill such vacancy, subject to the approval and confirmation of the Sponsors entitled to a majority of the Escrowed Sponsor Earnout Shares, and such successor shall be deemed to be the Sponsors
Representative for all purposes of this Agreement. Upon the appointment of a successor Sponsors Representative under this Agreement, such successor Sponsors Representative will succeed to and become vested with all of the rights, powers, privileges
and duties of the predecessor Sponsors Representative under this Agreement, and the predecessor Sponsors Representative will be discharged from such predecessor Sponsors Representative’s duties and obligations under this Escrow Agreement.

  

 19 

 Section 9.7 Entire Agreement. This Escrow Agreement, except with respect to Parent
and the Escrow Representative, contains the entire agreement and understanding of the parties with respect to the transactions contemplated hereby. No prior agreement, either written or oral, shall be construed to change, amend, alter, repeal or
invalidate this Escrow Agreement. 
 Section 9.8 Representations of Parent and Escrow Representative. Each of Parent and
the Escrow Representative represents and warrants to the Escrow Agent that it has the power and authority to enter into this Escrow Agreement and to carry out its obligations hereunder, that it has duly authorized, executed and delivered this Escrow
Agreement, and this Escrow Agreement is its valid and binding obligation. 
 Section 9.9 Governing Law. The validity,
enforceability and construction of this Escrow Agreement shall be governed by the laws of the State of Delaware (excluding any provision regarding conflicts of law). 
 Section 9.10 Consent to Jurisdiction. Each of the parties hereto irrevocably agrees that any legal action or proceeding with respect to this Escrow Agreement and the rights and obligations arising
hereunder, or for recognition and enforcement of any judgment in respect of this Escrow Agreement and the rights and obligations arising hereunder brought by the other party hereto or its successors or assigns, shall be brought and determined
exclusively in the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (or, only if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any state or federal court
within the State of Delaware). Each of the parties hereto hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid
courts and agrees that it will not bring any action relating to this Escrow Agreement or any of the transactions contemplated by this Escrow Agreement in any court other than the aforesaid courts. Each of the parties hereto hereby irrevocably
waives, and agrees not to assert as a defense, counterclaim or otherwise, in any action or proceeding with respect to this Escrow Agreement, (a) any claim that it is not personally subject to the jurisdiction of the above-named courts for any
reason other than the failure to serve in accordance with this Section 9.9, (b) any claim that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through
service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (c) to the fullest extent permitted by applicable Laws, any claim that (i) the suit, action or proceeding
in such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper or (iii) this Escrow Agreement, or the subject mater hereof, may not be enforced in or by such courts. 
 Section 9.11 Assignment. Other than by operation of law or transfers of Escrowed Shares to Permitted Transferees in accordance with
Section 9.11; no party hereto may assign any of its rights or delegate any of its obligations under this Escrow Agreement without the prior written consent of the other parties hereto (other than those parties joining solely for the limited
purposes provided in Article VII hereof); provided that in the event that the Escrow Representative shall resign or be unable to act for any reason, the Escrow Representative shall select a successor Escrow Representative pursuant to
Section 7.5(d) of the Merger Agreement, who will succeed to and become vested with all of the rights, powers, privileges and duties of the 

  

 20 

 
predecessor Escrow Representative under this Escrow Agreement (and such predecessor Escrow Representative shall be discharged from such predecessor Escrow
Representative’s duties and obligations under this Escrow Agreement). 
 Section 9.12 Joinder. Prior to any
transfer of any Escrowed Shares to any Permitted Transferee, such Permitted Transferee must join this Escrow Agreement for the purposes provided in Article VII hereof. Upon the execution and delivery of any such joinder, Parent shall revise the
Company Stockholders Allocation Schedule or the Sponsors Allocation Schedule, as applicable, to reflect the transfer Escrowed Shares to the Permitted Transferee. 
  

 21 

 Section 9.13 Third Party Beneficiaries. Each of the Escrow Agent, Escrow
Representative, Parent and Sponsors Representative hereby acknowledge that the Series B Preferred Holders are third party beneficiaries to Article III hereof and the Series B Preferred Holders set forth on Schedule A are third party
beneficiaries to Section 9.2(b) hereof. 
 [The remainder of this page is intentionally left blank.] 
  

 22 

 IN WITNESS WHEREOF, the undersigned have executed this Escrow Agreement as an instrument under seal as of
the day and year first written above. 
  

			
	POLARIS ACQUISITION CORP.
		
	By:	 	/s/ Jerry Stone
		 	Name: Jerry Stone
		 	Title:

  

			
	 COMMUNICATIONS INVESTORS LLC,
as Escrow Representative

		
	By:	 	/s/ Andrew Africk
		 	Name: Andrew Africk
		 	Address:

  

			
	 CONTINENTAL STOCK TRANSFER &
TRUST COMPANY,
as Escrow Agent

		
	By:	 	/s/ John W. Comer, Jr.
		 	Name: John W. Comer, Jr.
		 	Title: Vice President
		 	Address: 17 – Battery Place, 8th Floor
		 	                New York, NY 10004

  

 23 

			
	TRIVERGANCE, LLC, as Sponsors Representative
		
	By:	 	/s/ Jerry Stone
		 	Name: Jerry Stone
		 	Title:

 Signature Page 1.1 of 6 to Escrow Agreement 

 The undersigned joins as a party to the foregoing Agreement for the limited purposes provided in Article VII of the
Escrow Agreement: 
  

									
	BYRON BUSINESS VENTURES XX, LLC	 		 	GRANITE CREEK PARTNERS, L.L.C.
					
	By:	 	/s/ Marc Byron	 		 	By:	 	/s/ Brian B. Boorstein
	Name:	 	Marc Byron	 		 	Name:	 	Brian B. Boorstein
	Title:	 		 		 	Title:	 	Managing Member

  

									
	PRAESUMO PARTNERS, LLC	 		 	ROXBURY CAPITAL GROUP LLC INCENTIVE SAVINGS PLAN
					
	By:	 	/s/ Lowell Kraff	 		 	By:	 	/s/ Stuart I. Oran
	Name:	 	Lowell Kraff	 		 	Name:	 	Stuart I. Oran
	Title:	 		 		 	Title:	 	Trustee

  

									
	MOORE HOLDINGS, LLC	 		 	HARTZ CAPITAL INVESTMENTS, LLC
			
		 		 	By: HARTZ CAPITAL, INC., its manager
					
	By:	 	/s/ David Moore	 		 	By:	 	John B. Schindel
	Name:	 	David Moore	 		 	Name:	 	John B. Schindel
	Title:	 		 		 	Title:	 	Secretary & General Counsel

 Signature Page 2 of 6 to Escrow Agreement 

									
	MORGAN STANLEY & CO. INCORPORATED	 		 	TRIVERGANCE, LLC
					
	By:	 	/s/ Thomas E. Doster IV	 		 	By:	 	/s/ Jerry Stone
	Name:	 	Thomas E. Doster IV	 		 	Name:	 	Jerry Stone
	Title:	 	Managing Director	 		 	Title:	 	

 Signature Page 2.1 of 6 to Escrow Agreement 

	
	
	/s/ David Palmer
	David F. Palmer

 Signature Page 2.2 of 6 to Escrow Agreement 

									
	VINCO VINCERE VICI VICTUM LLC	 		 	ODESSA, LLC
					
	By:	 	/s/ Jerry Stone	 		 	By:	 	/s/ Paul Orlin
	Name:	 		 		 	Name:	 	Paul Orlin
	Title:	 		 		 	Title:	 	
			
	MERITAGE FARMS LLC	 		 	
					
	By:	 	/s/ Walter Mclallen	 		 		 	
	Name:	 	Walter Mclallen	 		 		 	
	Title:	 	Managing Member	 		 		 	
			
	CLOOBECK COMPANIES, LLC	 		 	
					
	By:	 	/s/ Stephen J. Cloobeck	 		 		 	
	Name:	 	Stephen J. Cloobeck	 		 		 	
	Title:	 	Manager	 		 		 	
			
	COMMUNICATIONS INVESTORS LLC	 		 	
					
	By:	 	/s/ Andrew Africk	 		 		 	/s/ Andrew Africk
	Name:	 	Andrew Africk	 		 		 	Andrew Africk
	Title:	 	Manager	 		 		 	

 Signature Page 3 of 6 to Escrow Agreement 

							
			
	/s/ Jeffery Leddy	 		 	 /s/ Matthew Nord

	Jeffrey Leddy	 		 	Matthew Nord
		 		 	
			
	/s/ Erik Goldman	 		 	 /s/ Keith Schneider

	Erik Goldman	 		 	Keith Schneider
			
	/s/ Robert Lewis	 		 	 JEFFREY A. LEDDY GRANTOR
 RETAINED ANNUITY
TRUST

	 Robert Lewis
  
	 		 	  
 By:
	 	/s/ Megan Leddy
		 		 	Name:	 	Megan Leddy
		 		 	Title:	 	Trustee
			
	/s/ Craig Kaufmann	 		 	BLUMER FAMILY LLC
	 Craig Kaufmann
  
	 		 	  
 By:
	 	/s/ Frederick T. Blumer
		 		 	Name:	 	Frederick T. Blumer
		 		 	Title:	 	CEO
				
	/s/ Kevin Link	 		 		 	
	Kevin Link	 		 		 	

 Signature Page 4 of 6 to Escrow Agreement 

							
			
	/s/ Charles M. Link, II	 		 	CRESCENT 1, LP
	 Charles Link
  
	 		 	  
 By: Cyrus Capital Advisors, LLC as

		 		 	General Partner
				
		 		 	By:	 	/s/ Stephen Freidheim
		 		 	Name:	 	Stephen Freidheim
		 		 	Title:	 	
			
	/s/ Frederick Blumer	 		 	CRS FUND LTD.
	Frederick Blumer	 		 	  
 By: Cyrus Capital Partners, L.P. as

		 		 	Investment Manager
			
		 		 	By: Cyrus Capital Partners GP, LLC as
		 		 	General Partner
				
		 		 	By:	 	/s/ Stephen Freidheim
		 		 	Name:	 	Stephen Freidheim
		 		 	Title:	 	
			
	/s/ Art McMahon	 		 	CYRUS OPPORTUNITIES MASTER FUND II, LTD.
	Art McMahon	 		 	  
 By: Cyrus Capital Partners, L.P. as

		 		 	Investment Manager
			
		 		 	By: Cyrus Capital Partners GP, LLC as
		 		 	General Partner
				
		 		 	By:	 	/s/ Stephen Freidheim
		 		 	Name:	 	Stephen Freidheim
		 		 	Title:	 	

 Signature Page 5 of 6 to Escrow Agreement 

									
	CYRUS SELECT OPPORTUNITIES MASTER FUND, LTD	 		 	THE HARTFORD CAPITAL APPRECIATION II FUND
			
	By: Cyrus Capital Partners, L.P. as Investment Manager	 		 	By: WELLINGTON MANAGEMENT COMPANY, LLP,
	  
 By: Cyrus Capital Partners GP, LLC as General
Partner
	 		 	as investment adviser
					
	By:	 	/s/ Stephen Freidheim	 		 	By:	 	/s/ Steven M. Hoffman
	Name:	 	Stephen Freidheim	 		 	Name:	 	Steven M. Hoffman
	Title:	 		 		 	Title:	 	Vice President and Counsel

  

									
	HARTFORD GROWTH OPPORTUNITIES HLS FUND	 		 	THE HARTFORD GROWTH OPPORTUNITIES FUND
			
	By: WELLINGTON MANAGEMENT COMPANY, LLP, as investment adviser	 		 	By: WELLINGTON MANAGEMENT COMPANY, LLP, as investment adviser
					
	By:	 	/s/ Steven M. Hoffman	 		 	By:	 	/s/ Steven M. Hoffman
	Name:	 	Steven M. Hoffman	 		 	Name:	 	Steven M. Hoffman
	Title:	 	Vice President and Counsel	 		 	Title:	 	Vice President and Counsel

  

									
	APOLLO INVESTMENT FUND V (PLASE), L.P.	 		 	HUGHES COMMUNICATIONS, INC
				
	By: APOLLO ADVISORS V, L.P., its general partner	 		 	By:	 	/s/ Dean A. Manson
	  
 By: APOLLO CAPITAL MANAGEMENT V, INC., its general
partner
	 		 	 Name:
 Title:
	 	 Dean A. Manson
 SVP, General Counsel & Secretary

					
	By:	 	/s/ Andrew Africk	 		 		 	
	Name:	 	Andrew Africk	 		 		 	
	Title:	 	VP	 		 		 	

 Signature Page 6 of 6 to Escrow Agreement 

 Exhibit A 
 Definitions 
 “Affiliate” means, with respect to any Person, (A) any other Person
which directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person, and (B) any Person who shares a common investment advisor. The term “control” (including
the terms “controlling,” “controlled by” and “under common control with”) as used with respect to any Person means the possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of such person or entity, whether through the ownership of voting securities, by contract or otherwise. 
 “Agreed Amount”
has the meaning set forth in Section 2.1(b)(i)(A). 
 “Agreed First Target Shares” has the meaning set forth in
Section 3.1(a)(i)(A). 
 “Agreed Second Target Shares” has the meaning set forth in Section 3.1(b)(i)(A). 
 “Agreed Third Target Shares” has the meaning set forth in 3.1(c)(i)(A). 
 “Board” means the Board of Directors of Parent, including any committees thereof. 
 “Business Day” means a day on which banks and stock exchanges are open for business in New York (excluding Saturdays, Sundays and public holidays). 
 “Change of Control or Reorganization Event” means the occurrence of any of the following events: 
 (a) the acquisition by any Person of beneficial ownership within the meaning of Rule 13d-3 promulgated under the Exchange Act, of more than 50% of the voting power of the Surviving Corporation’s outstanding
Voting Securities (or the outstanding Voting Securities of any successor entity); provided that such an acquisition by a Permitted Holder or any entity over which a Permitted Holder has the ability to exercise control or has over 50% of the
equity interests, or otherwise holds direct or indirect control, shall not be a Change of Control or Reorganization Event; or 
 (b) the
liquidation, dissolution or termination of the Surviving Corporation; or 
 (c) a sale of all or substantially all of the assets of the
Surviving Corporation and its Subsidiaries, taken as a whole, to any Person other than a Permitted Holder or a group with respect to which one or more Permitted Holders has the ability to exercise control or has over 50% of the equity interests, or
otherwise holds direct or indirect control. 
 “Change of Control or Reorganization Event Consideration” means the cash and/or fair
market value of securities or other consideration received by holders of Parent Common Stock in respect of one share of Parent Common Stock in connection with such Change of Control or Reorganization Event transaction. 
  

 A-1 

 “Claimed Amount” has the meaning set forth in Section 2.1(a). 
 “Claimed First Target Shares” has the meaning set forth in Section 3.1(a)(B). 
 “Claimed Second Target Shares” has the meaning set forth in Section 3.1(b)(B). 
 “Claimed Third Target Shares” has the meaning set forth in 3.1(c)(B). 
 “Closing Date” means
March 31, 2009, the date on which the Closing of the Merger shall take place. 
 “Closing Price” means, with respect to the
Parent Common Stock during the regular trading session (and excluding pre-market and after-hours trading) on any trading day, the last sale price regular-way or, in case no such sale takes place on such date, the average of the closing bid and asked
prices regular-way on the principal national securities exchange on which the securities are listed or admitted to trading, or, if on any day the Parent Common Stock is not so listed, the average of the highest bid and lowest asked prices on such
day in the domestic over-the-counter market as reported by the National Quotation Bureau, Incorporated, or any similar or successor organization (and in each such case excluding any trades that are not bona fide, arm’s length transactions)

 “Common First Target Shares” means the aggregate number of shares set forth under the column entitled “First Target
Shares” and allocated to Company Common Stockholders on the Company Stockholders Allocation Schedule. 
 “Common Second Target
Shares” means the aggregate number of shares set forth under the column entitled “Second Target Shares” and allocated to Company Common Stockholders on the Company Stockholders Allocation Schedule. 
 “Common Third Target Shares” means the aggregate number of shares set forth under the column entitled “Third Target Shares” and
allocated to Company Common Stockholders on the Company Stockholders Allocation Schedule. 
 “Company” has the meaning set forth in
the recitals. 
 “Company Common Stock” means all shares of common stock of the Company, par value $0.01 per share. 
 “Company Common Stockholders” means the holders of the Company Common Stock immediately prior to the Merger and their respective Permitted
Transferees. 
 “Company Stock” means the Company Common Stock and the Series B Convertible Preferred Stock issued and outstanding
immediately prior to the Merger. 
 “Company Stockholders” means holders of Company Stock and their respective Permitted Transferees.

  

 A-2 

 “Company Stockholders Allocation Schedule” has the meaning set forth in Section 1.5(a).

 “Disputed Amount” has the meaning set forth in Section 2.1(b)(i)(B). 
 “Disputed First Target Shares” has the meaning set forth in Section 3.1(a)(i)(B). 
 “Disputed Second Target Shares” has the meaning set forth in Section 3.1(b)(i)(B). 
 “Disputed Third Target Shares” has the meaning set forth in 3.1(c)(i)(B). 
 “Effective Time” means the time at which the Merger becomes effective. 
 “Escrow
Account” has the meaning set forth in the recitals. 
 “Escrow Agent” has the meaning set forth in the preamble.

 “Escrow Agreement” has the meaning set forth in the preamble. 
 “Escrow Earnout Account” has the meaning set forth in Section 1.2. 
 “Escrow
Indemnity Account” has the meaning set forth in Section 1.3. 
 “Escrow Representative” has the meaning set forth
in the preamble. 
 “Escrow Sponsor Earnout Account” has the meaning set forth in Section 1.4. 
 “Escrowed Cash” has the meaning set forth in Article VI. 
 “Escrowed Earnout Indemnity Shares” has the meaning set forth in the recitals. 
 “Escrowed Earnout
Property” has the meaning set forth in the recitals. 
 “Escrowed Earnout Shares” has the meaning set forth in the
recitals. 
 “Escrowed Indemnity Property” has the meaning set forth in the recitals. 
 “Escrowed Indemnity Shares” has the meaning set forth in the recitals. 
 “Escrowed Initial Indemnity Shares” has the meaning set forth in the recitals. 
 “Escrowed Property” has the meaning set forth in the recitals. 
 “Escrowed Shares” has the meaning
set forth in Section 1.1. 
 “Escrowed Sponsor Earnout Property” has the meaning set forth in the recitals. 
 “Escrowed Sponsor Earnout Shares” has the meaning set forth in the recitals. 
 “Federal Obligations” has the meaning set forth in Article VI. 
  

 A-3 

 “Final Order” has the meaning set forth in Section 2.1(d)(ii)(B). 
 “First Delivery Condition” has the meaning set forth in Section 3.1(a). 
 “First Release Notice” has the meaning set forth in Section 3.1(a). 
 “First Release
Challenge Notice” has the meaning set forth in Section 3.1(a)(i). 
 “First Target Indemnity Shares” has the
meaning set forth in Section 1.3. 
 “Indemnity Escrow Termination Date” has the meaning set forth in Section 2.1(a).

 “Instruction Letter” means Instruction Letter of Parent, dated the date hereof, addressed to the Escrow Agent, relating to the
Escrowed Shares. 
 “Joint Notice” means joint written instructions executed by each of Parent and the Escrow Representative.

 “Merger” has the meaning set forth in the recitals. 
 “Merger Agreement” has the meaning set forth in the recitals. 
 “Parent” has
the meaning set forth in the preamble. 
 “Parent Common Stock” has the meaning set forth in the recitals. 
 “Parent Demand” has the meaning set forth in Section 2.1(b). 
 “Parent Indemnitees” means Parent, Surviving Corporation and their respective directors, officers, agents, employees, successors and assigns. 
 “Permitted Holder” means Apollo Management L.P. and its affiliates. 
 “Permitted Transferee” means a recipient of a transfer (i) by gift to a member of a Company Stockholder’s or Sponsor’s immediate family or to a trust, the beneficiary of which is
such Company Stockholder or Sponsor or a member of such Company Stockholder or Sponsor’s immediate family, (ii) by virtue of the laws of descent and distribution upon death of such Company Stockholder or Sponsor, (iii) to an
Affiliate, (iv) pursuant to a qualified relations order, or (v) any other Person approved by a majority of the Unaffiliated Directors (provided such transfer does not violate the terms of the Shareholders’ Agreement); provided,
however, that such permissive transfers shall be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions of Article VII this Escrow Agreement. 
 “Person” means an individual, a partnership (general or limited), a corporation, a limited liability company, an association, a joint stock
company, governmental authority, a business or other trust, a joint venture, any other business entity or an unincorporated organization. 
  

 A-4 

 “Required Holders” means the owners of greater than fifty percent (50%) of the Parent Common
Stock held the Series B Preferred Holders set forth on Schedule A hereto or their Permitted Transferees. 
 “Response Notice”
has the meaning set forth in 2.1(b)(i). 
 “Response Period” has the meaning set forth in 2.1(b)(i). 
 “Retained Earnout Indemnity Shares” has the meaning set forth in Section 2.4(i). 
 “Retained Initial Indemnity Shares” has the meaning set forth in Section 2.3(i) 
 “Second Delivery Condition” has the meaning set forth in Section 3.1(b). 
 “Second Release Challenge Notice” has the meaning set forth in 3.1(b)(i). 
 “Second
Release Notice” has the meaning set forth in Section 3.1(b). 
 “Second Target Indemnity Shares” has the meaning
set forth in Section 1.3. 
 “Series B Convertible Preferred Stock” has the meaning set forth in the recitals. 
 “Series B Preferred Holder” has the meaning set forth in the recitals and their respective Permitted Transferees. 
 “Shareholders’ Agreement” means the Shareholders’ Agreement, dated the date hereof, by and among Parent, the Escrow Representative,
certain Company Common Stockholders, the Series B Preferred Holders and the Sponsors. 
 “Share Price” means, with respect to the
Parent Common Stock on any measurement date, either (i) the Closing Price or (ii) the VWA Price. 
 “Share Price Triggers”
has the meaning set forth in Section 3.1(d) hereof. 
 “Sponsors Representative” has the meaning set forth in the preamble.

 “Sponsors” means the Parent Stockholders set forth on Section 2.8(b) of the Parent Disclosure Statement to the Merger
Agreement and their respective Permitted Transferees. 
 “Sponsors Allocation Schedule” has the meaning set forth in
Section 1.5(b). 
 “Surviving Corporation” means Polaris, as the surviving corporation in the Merger (which will be renamed
HUGHES Telematics, Inc. upon consummation of the Merger). 
 “Target Indemnity Shares” has the meaning set forth in Section 1.3.

 “Third Delivery Condition” has the meaning set forth in Section 3.1(c). 
 “Third Release Challenge Notice” has the meaning set forth in Section 3.1(c)(i). 
  

 A-5 

 “Third Release Notice” has the meaning set forth in Section 3.1(c) 
 “Third Target Indemnity Shares” has the meaning set forth in Section 1.3. 
 “Unaffiliated Directors” means an “independent” director as defined in the applicable stock exchange rules who has not had, for the preceding two years, a material relationship with
Apollo Global Management, LLC or its affiliates. 
 “VWA Price” means, with respect to the Parent Common Stock during the regular
trading session (and excluding pre-market and after-hours trading) on any trading day, the volume-weighted average price of one share of Parent Common Stock, as reported by Bloomberg, L.P., on such trading day. 
  

 A-6 

 Series B Preferred Holders 

 Schedule 3.1(a) 
 First Delivery Condition 

 Schedule 3.1(b) 
 Second Delivery Condition 

 Schedule 3.1(c) 
 Third Delivery Condition 

 Schedule 8.2 
 Fees 

 Schedule A 
 Required Holders

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