Document:

Exhibit 10.5

 Exhibit 10.5 
 DATED 14 NOVEMBER 2012 
 LAXTON PROPERTIES LIMITED 

as Landlord 

LEARNING TREE INTERNATIONAL LIMITED 
 as Tenant 
 LEARNING TREE INTERNATIONAL INC 

as Guarantor 

SURRENDER 

of a leasehold property at Euston House 
 24 Eversholt Street London NW1 1DB 
  
 

 
 Berwin Leighton Paisner LLP 
 Adelaide House London Bridge London EC4R 9HA 
 Tel: +44 (0)20 3400 1000 Fax: +44 (0)20 3400 1111

 Contents 

 

							
	Clause	  	Name	  	Page	 
			
	1	  	Definitions and interpretation	  	 	1	  
	2	  	Surrender	  	 	3	  
	3	  	Releases	  	 	3	  
	4	  	Covenants	  	 	3	  
			
	Schedule	  	Name	  	Page	 
			
	1	  	The Property	  	 	9	  
			
	2	  	The Lease	  	 	10	  
			
	3	  	The Documents	  	 	11	  
			
	4	  	The Underleases	  	 	12	  
			
	5	  	Service Contracts	  	 	19	  
	5	  	Part 1 Split Service Contracts	  	 	19	  
	5	  	Part 2 Common Part Service Contracts	  	 	19	  
		
	Execution Page	  	 	20	  

 DATED 14 November 2012 
 PARTIES 
  

	(1)	LAXTON PROPERTIES LIMITED (a company incorporated and registered under the laws of British Virgin Islands with registered number 1632190) whose registered office
is at PO Box 3174 Road Town British Virgin Islands (the “Landlord”) 

  

	(2)	LEARNING TREE INTERNATIONAL LIMITED (company no 1392643) whose registered office is at Leatherhead House Station Road Leatherhead Surrey KT22 7FG (the
“Tenant”) 

  

	(3)	LEARNING TREE INTERNATIONAL INC (a company incorporated and registered under the laws of State of Delaware) whose registered office is at 1805 Library Street,
Reston, Virginia 20190 USA (the “Guarantor”) 

 BACKGROUND 

 

	(A)	This Deed is supplemental to the Lease. 

  

	(B)	The reversion immediately expectant upon the term granted by the Lease is now vested in the Landlord. 

 

	(C)	The term granted by the Lease remains vested in the Tenant. 

  

	(D)	It has been agreed that the Tenant will surrender the term granted by the Lease to the Landlord in consideration of the release by the Landlord and that the Landlord
will accept the surrender in consideration of the release by the Tenant subject to, but with the benefit of, the Underleases. 

OPERATIVE PROVISIONS 
  

	1	DEFINITIONS AND INTERPRETATION 

  

	1.1	In this Deed: 

 “1999
Rent Deposit Deed” means a Guarantee and Rent Deposit Deed dated 19 March 1999 between the Guarantor (1) the Tenant (2) and Courtlands Developments Limited (3). 
 “Building Manager” shall mean Richard Martin. 
 “Catch
22” shall mean C22 Public Limited Company, the recruitment agency appointed by Dron & Wright Limited to employ any employees in respect of the Property. 

“Completion” means the date of this Deed. 
 “Current Service Charge Year” means the accounting period current at Completion in respect of service charge under the Underleases, but includes any previous accounting period in respect
of which the final service charge demands have not yet been made to the tenants under the Underleases. 

“Documents” means the documents listed in Schedule 3 (The Documents). 

  
 1 

 “DW” shall mean Dron & Wright Limited, the property
management company appointed by the Landlord in respect of the Property. 
 “Interim Service Charge” means the
sums received by the Tenant on account of service charge under the Underleases for the Current Service Charge Year, excluding VAT on those sums (which for the avoidance of doubt shall exclude any Interim Service Charge the Tenant pays over to the
Landlord on Completion). 
 “Lease” means the lease and other documents referred to in Schedule 2 and includes
all licences, side letters and other agreements granted supplemental to or in relation to the Lease including without limitation the 1999 Rent Deposit Deed. 
 “Lease Rent” means the annual principal rent reserved under the Lease as at Completion. 
 “New Leases” means new leases to be granted by the Landlord to the Tenant on the same date as this Deed in relation to each of the ground floor and basement, first floor, second floor and
part sixth floor of the Property as more particularly described in those new leases. 
 “Property” means the
property described in Schedule 1 (The Property) and demised by the Lease. 
 “Rent Deposit Balance”
means the balance of the rent deposit together with accrued interest standing to the credit of the “Deposit Account” (as defined under the 1999 Rent Deposit Deed) as at the date of Completion. 

“Rent Deposit Deed” means the rent deposit deed dated 30 November 2011 between the Tenant (1) EC English London
Limited (2) Browne Jacobson LLP (3) EC English Cambridge Limited (4). 
 “Service Charge Costs” means
all expenditure incurred by or on behalf of the Tenant during the Current Service Charge Year up to Completion which is not wholly or partly recoverable by way of service charge under the Underleases (excluding any VAT on that expenditure).

 “Underlease Rent” means the annual principal rents reserved under the Underleases as at Completion.

 “Underleases” means the underleases and other documents referred to in Schedule 4 (The
Underleases). 
 “VAT” means Value Added Tax. 

 

	1.2	Where any party to this Deed is more than one person the expressions the “Landlord”, the “Tenant” and the “Guarantor”
include the plural number and obligations in this Deed expressed or implied to be made with or by any of them are to be treated as made by or with such individuals jointly and severally. 

 

	1.3	The Clause and Schedule headings in this Deed are for ease of reference only and are not to be taken into account in the construction or interpretation of any provision
to which they refer. 

  

	1.4	Unless the contrary intention appears, references to numbered Clauses or Schedules are references to the relevant Clause in, or Schedule to, this Deed.

  
 2 

	2	SURRENDER 

  

	2.1	In consideration of £2,000,000 (two million pounds) plus £100,000 (one hundred thousand pounds) in respect of VAT on the payment referred to in
Clause 2.2(a) paid by the Tenant to the Landlord (receipt of which the Landlord acknowledges) and the release contained in Clause 3.1, the Tenant (with effect from the date of this Deed) with full title guarantee and with the consent of the
Guarantor surrenders the Property to the Landlord to the intent that the residue of the term of years granted by the Lease shall merge and be extinguished in the reversion subject to the Underleases but with the benefit of the rents reserved by and
the covenants on the tenant’s part and the conditions contained in the Underleases and subject to but with the benefit of the Documents. 

  

	2.2	The Landlord and Tenant acknowledge that the reverse premium referred to in Clause 2.1 is calculated as follows: 

 

	 	(a)	£500,000 (exclusive of VAT) is a payment in lieu of rental liability under the Lease; and 

 

	 	(b)	£1,500,000 is a payment in lieu of the Tenant’s dilapidations liability under the Lease in respect of which the parties agree no VAT is payable.

  

	2.3	Save for those parts of the Property subject to the Underleases, and the Tenant’s occupation of the Property to be comprised in the New Leases, the surrender is
with vacant possession of the Property. 

  

	2.4	The Landlord and Tenant shall procure that the Rent Deposit Balance shall be released to the Tenant absolutely and that the Landlord shall have no further claim in
respect of the same. 

  

	3	RELEASES 

  

	3.1	The Landlord releases each of the Tenant and the Guarantor absolutely from any and all of their respective liabilities, covenants and obligations past, present and
future under the Lease and in respect of any other claims the Landlord may at any time have had or have against either the Tenant or the Guarantor under the Lease. 

 

	3.2	The Tenant and the Guarantor each release the Landlord absolutely from its liabilities, covenants and obligations past, present and future under the Lease and in
respect of any other claims the Tenant or Guarantor may at any time have had or have against the Landlord under the Lease. 

  

	4	COVENANTS 

  

	4.1	Landlord Covenant 

 The
Landlord covenants with each of the Tenant and the Guarantor by way of indemnity only and with effect from the date hereof to observe and perform all landlord’s covenants and obligations in the Underleases and all covenants and obligations
given by the tenant under the Documents (provided that the Landlord shall not be liable under this Clause 4.1 for any breaches of any such obligations and covenants by the Tenant or the Guarantor occurring prior to the date of this Deed).

  
 3 

	4.2	Apportionments 

  

	4.2.1	Subject to Clause 4.2.3 below, on Completion the Underlease Rent received by the Tenant in cleared funds for the quarter in which Completion takes place shall be
apportioned such that the Tenant is entitled to a sum calculated in accordance with the following formula: 

  

					
	  A  	 	×	 	B
	365	 	 

  

					
	where:	  		  	
			
	A	  	=	  	the aggregate of the Underlease Rent (expressed on an annual basis) payable at Completion;
			
	B	  	=	  	the number of days between the start of the quarter in which Completion occurs and the day of Completion itself (both days inclusive)

 and the Landlord shall be entitled to the balance of such Underlease Rent. 

 

	4.2.2	Subject to Clause 4.2.3 below, on Completion the Lease Rent which the Tenant has paid to the Landlord for the quarter in which Completion takes place shall be
apportioned such that the Tenant is entitled to a reimbursement calculated in accordance with the following formula: 

  

					
	  A  	 	×	 	B
	365	 	 

  

					
	where:	  		  	
			
	A	  	=	  	the Lease Rent expressed on an annual basis payable at Completion;
			
	B	  	=	  	the number of days between Completion and the day before the next quarter date (both dates inclusive).

  

	4.2.3	The apportionments made on Completion shall be calculated such that income for the day of Completion shall be shared between the Landlord and the Tenant on a 50/50
basis. 

  

	4.3	Service and maintenance contracts 

  

	4.3.1	The Split Service Contracts referred to in this clause are the contracts the Tenant has in place in respect of the Property as at Completion which are listed in Part 1
of Schedule 5 and the Common Part Service Contracts referred to in this clause are the contracts the Tenant has in place in respect of the Property as at Completion which are listed in Part 2 of Schedule 5 (together the “Service
Contracts”). 

  

	4.3.2	The Split Service Contracts relate in part to services which will exclusively benefit the Tenant in respect of the parts of the Property to be demised to the Tenant
under the New Leases and in part to services to the Landlord’s “Common Parts” of the “Building” (as each are defined in the New Leases) (“Common Parts”) and the following provisions shall apply to the Split
Service Contracts:- 

  

	 	(a)	 subject to paragraph 4.3.2 d) below the Tenant shall keep them in being after Completion until the earlier of i) the date that the relevant contractor

  
 4 

	 	
enters into separate contracts so as to separate out the services provided under the relevant Split Service Contract between the Landlord (in connection with the Common Parts) and the Tenant (in
respect of the demises under the New Leases; ii) the date 12 months after the date of this Deed; or iii) the date the Split Service Contract would otherwise come to an end; 

 

	 	(b)	the Landlord and the Tenant shall each act reasonably and in good faith to procure that the new separate contracts (as referred to in paragraph 4.3.2 a) i) above are
entered into on reasonable terms as soon as reasonably practicable after the date of this Deed; 

  

	 	(c)	subject to paragraph 4.3.2 d) below during the period referred to in paragraph 4.3.2 a) above the Landlord shall pay to the Tenant on demand a fair proportion of all
proper costs, expenses and liabilities which the Tenant may incur under them attributable to the period after the date of this Deed to the extent that such costs, expenses and liabilities relate to services which exclusively benefit the Common Parts
(“Landlord’s Proportion”); 

  

	 	(d)	in the event that the Landlord notifies the Tenant in writing that it does not require the services under any of the Split Service Contracts within the time period
prescribed in paragraph 4.3.2 a) above the Tenant shall terminate the relevant Split Service Contract as soon as reasonably practicable (or vary the same so that it only applies to the demises under the New Leases) provided that the Landlord shall
continue to pay to the Tenant the Landlord’s Proportion until the termination date of such Split Service Contract but the Tenant shall be responsible for meeting the proper costs of such termination or variation. 

 

	4.3.3	The Common Part Service Contracts relate to services which exclusively benefit the Common Parts and which the Landlord requires to be assigned to it and the following
provisions shall apply:- 

  

	 	(a)	the Tenant shall as soon as reasonably practicable after the date of this Deed request the consent of the relevant contractor to the assignment of the relevant Common
Part Service Contract to the Landlord and thereafter assign the relevant Common Part Service Contract to the Landlord in which case the Landlord shall be responsible for payment of any reasonable fee required by the contractor in respect of the
assignment; 

  

	 	(b)	the Tenant shall keep them in being after Completion until the earlier of; i) the date of assignment of the relevant Common Part Service Contract to the Landlord
pursuant to obtaining the relevant contractor’s consent under paragraph 4.3.3 a) above; ii) the date 12 months after the date of this Deed; or iii) the date the Common Part Service Contract would otherwise come to an end;

  

	 	(c)	during the period referred to in paragraph 4.3.3 a) above the Landlord shall pay on demand and indemnify the Tenant in respect of all proper costs, expenses and
liabilities under the relevant Common Part Service Contract attributable to the period after the date of this Deed; 

  

	 	(d)	 in the event that the Landlord notifies the Tenant in writing that it does not require an assignment of any Common Part Service Contract within the
time period specified in paragraph 4.3.3 a) above the Tenant shall terminate the relevant Common Part Service Contract as soon as 

  
 5 

	 	
reasonably practicable provided that the Landlord shall continue to pay and indemnify the Tenant in accordance with paragraph 4.3.3 c) above until the termination date of such Common Part Service
Contract but the Tenant shall be responsible for meeting the proper costs of such termination or variation; and 

  

	 	(e)	The Landlord will not do or omit to do anything which would put the Tenant in breach of any of the Service Contracts and will indemnify the Tenant in respect of any
costs, expenses and liabilities the Tenant incurs as a result of any such breach. 

  

	4.4	TUPE provisions 

  

	4.4.1	The Landlord and Tenant agree that for a reasonable period (to be agreed between parties acting reasonably) following the date of this Deed, Richard Martin (the
building manager) shall be provided with a desk within the Tenant’s demise under the New Leases. The Landlord agrees that this arrangement shall not be a breach of the alienation provisions in the New Leases. 

 

	4.4.2	The parties acknowledge and agree that pursuant to TUPE, the contract of employment between the Tenant and the Building Manager will have effect after Completion as if
originally made between Catch 22 and the Building Manager (save to the extent that it relates to rights under occupational pension schemes excluded by regulation 10 of TUPE). 

 

	4.4.3	The Tenant shall indemnify the Landlord, DW and Catch 22 in respect of all liabilities, losses, costs (including reasonable legal costs), claims and expenses arising
out of, or in connection with: 

 (a) the employment or termination of employment of any person (other than the
Building Manager) who claims that their employment transfers to the Landlord, DW or Catch 22 by virtue of the operation of TUPE to the transaction contemplated by this Deed, provided always that such termination occurs within 30 days of the Landlord
becoming aware of that claim and that the Landlord shall procure that DW or Catch 22 use their reasonable endeavours to minimise liabilities arising from such termination; 
 (b) the transfer to the Landlord, DW or Catch 22 of any liability in connection with the termination of employment of any person by the Tenant on or prior to Completion; 

(c) any act or omission of the Tenant in relation to the employment of the Building Manager at any time on or prior to Completion; and

 (d) any failure by the Tenant to comply with its obligations under regulations 13 and 14 of TUPE in relation to the Building
Manager. 
  

	4.4.4	The Landlord shall indemnify the Tenant in respect of all liabilities, losses, costs (including reasonable legal costs), claims and expenses arising out of or in
connection with: 

 (a) any act or omission of the Landlord, DW or Catch 22 in relation to the employment of the
Building Manager before, on or after Completion; and 
 (b) any failure by either the Landlord, DW or Catch 22 to comply with
their obligations under regulation 13(4) TUPE in relation to the Building Manager. 

  
 6 

	4.4.5	If it is found or alleged that the contract of employment of the Building Manager has not taken effect after Completion as if originally made with Catch 22 pursuant to
TUPE, Catch 22 shall be permitted to make an offer of employment to the Building Manager within the period of 14 days after Completion (Offer Period). If no such offer of employment has been made or such offer of employment has been made but not
accepted by the Building Manager, then the Tenant may terminate the Building Manager’s employment within 30 days of the expiry of the Offer Period. Service charge reconciliation provisions. 

 

	4.5	Service charge reconciliation provisions 

  

	4.5.1	The parties shall not apportion the Interim Service Charge under the Underleases on Completion. 

 

	4.5.2	For the Service Charge Year current at the Completion Date, no later than two months after the Completion Date, the Tenant shall give the Landlord a statement of:

  

	 	(a)	the Service Charge Costs together with other information which is reasonably required to prove the expenditure; and 

 

	 	(b)	the Interim Service Charge received or deemed received by it in cleared funds. 

 

	4.5.3	Within ten working days of the statement referred to in Clause 4.5.2, either: 

 

	 	(a)	the Tenant shall pay to the Landlord the amount by which that Interim Service Charge exceeds those Service Charge Costs; or 

 

	 	(b)	the Landlord shall pay to the Tenant the amount by which those Service Charge Costs exceed that Interim Service Charge. 

 

	4.5.4	If the Tenant receives any Interim Service Charge from the Undertenants after the date of the statement the Tenant shall pay it to the Landlord within ten working days
after the payments have cleared. 

  

	4.5.5	The Tenant shall co-operate fully with the Landlord and shall at the Landlord’s reasonable expense provide full information as requested by the Landlord in
connection with the service charge and the parties shall each use reasonable endeavours to procure a smooth handover of services to the Landlord. 

  

	4.5.6	On Completion the Tenant shall pay to the Landlord all sums held by it comprising unutilised service charge receipts from Undertenants (but provided that the Landlord
may retain a reasonable amount as properly required to meet invoices which it anticipates will be raised within two weeks of the date of this Deed). 

  

	4.6	Arrears provisions 

 The
Tenant confirms that there are no arrears under the Underleases, save for arrears of insurance rent invoiced to the Undertenants by the Tenant (and in respect of which the Tenant has paid such amounts to the Landlord under the Lease prior to the
date of this Deed). As such the Tenant is to be entitled to recover such arrears of insurance rent from the relevant Undertenants, but in doing so shall not distrain or commence any court proceedings against the Undertenants for payment of such
arrears. 

  
 7 

	4.7	Assignment of rent deposit 

Pursuant to a deed of assignment of rent deposit deed made on the date hereof between the Landlord (1) and the Tenant (2), the Tenant
has assigned to the Landlord all its rights and interests in the Rent Deposit Deed. As soon as practicable following the date hereof and upon receipt from the Landlord of the duly executed deed of covenant in respect of the Rent Deposit
(“Deed of Covenant”) the Tenant shall serve notice of assignment of the rent deposit deed in accordance with the provisions of the Rent Deposit and the Deed of Covenant and shall supply a copy of the notice (and the acknowledgement
from EC English Cambridge Limited and Browne Jackson LLP if the same is received) as soon as practicable. 
  

	4.8	Rent authority letters 

On the date of this Deed the Tenant shall deliver to the Landlord in respect of each of the Underleases rent authority letters in a form
previously approved by the Landlord (such approval not to be reasonably withheld or delayed). 
  

	4.9	Missing originals 

 The
Tenant has been unable to locate the originals of documents marked “copy” in Schedule 4 and the Landlord agrees that the originals of such documents will not be handed over on Completion but that if the Tenant locates the same it will hand
the same to the Landlord as seen as reasonably practicable. 
  

	4.10	Proper law 

 This Deed
shall be governed by and construed in accordance with English law and the parties submit to the exclusive jurisdiction of the English court. 

Delivered as a deed on the date of this document. 

  
 8 

 Schedule 1: The Property 

Schedule 1 

The Property 
 The
leasehold land and property known as Euston House 24 Eversholt Street London NW1 1DB as the same is more particularly described in the Lease. 

  
 9 

 Schedule 2: The Lease 
 Schedule 2 
 The Lease 

 

					
	 Date
	  	 Document
	  	 Parties

			
	19.03.1999	  	Lease	  	 (1)    Courtlands Developments Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

			
	19.03.1999	  	Guarantee and Rent Deposit Deed	  	 (1)    Courtlands Developments Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

			
	14.10.1999	  	Deed supplemental to Lease	  	 (1)    Courtlands Developments Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

			
	21.04.2005	  	Second Deed of Variation	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc

			
	02.11.2006	  	Third Deed of Variation	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc

  
 10 

 Schedule 3: The Documents 

Schedule 3 

The Documents 
  

					
	 Date
	  	 Document
	  	 Parties

			
	20.03.2001	  	Wayleave Agreement	  	 The Prudential Assurance Company Limited (1)
  

Learning Tree International Limited (2)
  

Cable Camden Limited (3)

  
 11 

 Schedule 4: The Underleases 

Schedule 4 

The Underleases 
 Third
Floor 
  

					
	 Date
	  	 Document
	  	 Parties

			
	30.11.2011	  	Licence to Underlet	  	 (1)    Laxton Properties Limited

 
 (2)    Learning Tree
International Limited
  

(3)    EC English London Limited

 
 (4)    Learning Tree
International Inc
  

(5)    EC English Cambridge Limited

			
	30.11.2011	  	Lease	  	 (1)    Learning Tree International Limited

 
 (2)    EC English London
Limited

			
	30.11.2011	  	Deed of Guarantee	  	 (1)    EC English Cambridge Limited

 
 (2)    Learning Tree
International Limited

			
	30.11.2011	  	Counterpart Rent Deposit Deed and Certificate of Registration	  	 (1)    Learning Tree International Limited

 
 (2)    EC English London
Limited
  

(3)    Browne Jacobson LLP

 
 (4)    EC English
Cambridge Limited

			
	30.112011	  	Licence for Alterations	  	 (1)    Laxton Properties Limited

 
 (2)    Learning Tree
International Limited
  

(3)    EC English London Limited

 
 (4)    Learning Tree
International Inc
  

(5)    EC English Cambridge Limited

			
	30.11.2011	  	Side letter permitting the granting of short term licences	  	 (1)    Laxton Properties Limited

 
 (2)    Learning Tree
International Limited
  

(3)    EC English London Limited

			
	30.11.2011	  	Side letter permitting canteen use (receipted)	  	Learning Tree International Limited to EC English London Limited

  
 12 

 Schedule 4: The Underleases 
  

 Part Fourth Floor 

 

					
	 Date
	  	 Document
	  	 Parties

			
	27.4.2005	  	Licence to Underlet	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

 
 (4)    Bombardier
Transportation UK Ltd

			
	27.4.2005	  	Counterpart Lease	  	 (1)    Learning Tree International Limited

 
 (2)    Bombardier
Transportation UK Ltd

			
	27.4.2005	  	Side Letter re Service charge	  	Learning Tree to Bombardier Transportation UK Ltd
			
	13.07.2005	  	Counterpart Licence for Alterations	  	 (1)    Learning Tree International Limited

 
 (2)    Bombardier
Transportation UK Ltd

			
	13.08.2008	  	Consent letter	  	 (1)    Learning Tree International Limited

 
 (2)    Bombardier
Transportation UK Ltd

			
	24.04.2008	  	Rent Review Memorandum	  	Learning Tree International Limited and Bombardier Transportation UK Ltd.

  
 13 

 Schedule 4: The Underleases 
  

 Part Fourth Floor 

 

					
	 Date
	  	 Document
	  	 Parties

			
	1.2.2005	  	Counterpart Agreement for Lease	  	 (1)    Learning Tree International Limited

 
 (2)    Westinghouse
Brake & Signal Holdings Limited ) (“Westinghouse”)

			
	26.4.2005	  	Licence to Underlet	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

 

(4)    Westinghouse

			
	27.4.2005	  	Counterpart Lease	  	 (1)    Learning Tree International Limited

 

(2)    Westinghouse

			
	27.4.2005	  	Counterpart Licence for Alterations	  	 (1)    Learning Tree International Limited

 

(2)    Westinghouse

			
	13.08.2007	  	AGA - Part 4th Floor	  	 (1)    Learning Tree International Limited

 

(2)    Westinghouse

 
 (3)    Bombardier
Transportation UK Limited

			
	13.08.2007	  	Certified Copy Licence to Assign Underlease - Part 4th Floor	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc

 

(4)    Westinghouse

 
 (5)    Bombardier
Transportation UK Limited

			
	28.04.2010	  	Copy Rent Review Memorandum	  	 (1)    Learning Tree International Limited

 

(2)    Westinghouse

  
 14 

 Schedule 4: The Underleases 
  

 5th and 6th Floors 

 

					
	 Date
	  	 Description
	  	 Parties

			
	31.5.2005	  	Counterpart Agreement for Lease	  	 (1)    Learning Tree International Limited

 
 (2)    Scholastic
Limited

			
	21.6.2005	  	Licence to Underlet	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

 
 (4)    Scholastic
Limited

			
	28.6.2005	  	Letter	  	 (1)    Learning Tree International Limited

 
 (2)    Scholastic
Limited

			
	22.7.2005	  	Counterpart Lease	  	 (1)    Learning Tree International Limited

 
 (2)    Scholastic
Limited

			
	22.7.2005	  	Counterpart Licence for Alterations	  	 (1)    Learning Tree International Limited

 
 (2)    Scholastic
Limited

			
	1.3.2010	  	Rent Review Memorandum	  	 (1)    Learning Tree International Limited

 
 (2)    Scholastic
Limited

			
	1.3.2010	  	Deed of Variation	  	 (1)    Learning Tree International Limited

 
 (2)    Scholastic
Limited

  
 15 

 Schedule 4: The Underleases 
  

 7th Floor 
  

					
	 Date
	  	 Document
	  	 Parties

			
	22.02.2007	  	Agreement for Lease	  	 (1)    Learning Tree International Limited

 
 (2)    Westinghouse
Brake & Signal Holdings Ltd

			
	26.02.2007	  	Licence to Underlet	  	 (1)    The Prudential Assurance Company Ltd

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc.

 
 (4)    Westinghouse
Brake & Signal Holdings Ltd

			
	20.03.2007	  	Lease	  	 (1)    Learning Tree International Limited

 
 (2)    Westinghouse
Brake & Signal Holdings Ltd

			
	20.03.2007	  	Licence for Alterations	  	 (1)    Learning Tree International Limited

 
 (2)    Westinghouse
Brake & Signal Holdings Ltd

			
	Undated	  	Consent Letter	  	 From: Learning Tree International Limited
  

To: Westinghouse Brake and Signal Holding Limited

			
	13.08.2008	  	Consent Letter	  	 From: The Prudential Assurance Company Limited
  

To: Learning Tree International Limited & Westinghouse Brake & Signal Holdings Limited

			
	01.09.2008	  	Licence for Alterations	  	 (1)    The Prudential Assurance Company Limited

 
 (2)    Learning Tree
International Limited
  

(3)    Learning Tree International Inc

 
 (4)    Westinghouse
Brake and Signal Holding Limited

  
 16 

 Schedule 4: The Underleases 
  

					
	 Date
	  	 Document
	  	 Parties

			
	01.09.2008	  	Consent Letter with Licence to Occupy	  	 From: Prudential Property Investment Managers Ltd
  

To: Learning Tree International Limited & Westinghouse Brake & Signal Holdings Limited

			
	01.09.2008	  	Consent Letter with Licence to Occupy	  	 From: Learning Tree International Limited
  

To: Westinghouse Brake and Signal Holdings Limited

			
	06.10.2011	  	Consent Letter	  	 From: Learning Tree International Limited & Laxton Properties Limited

 
 To: Invensys Rail Limited

			
	28.04.2010	  	Copy Rent Review Memorandum	  	 (1)    Learning Tree International Limited

 
 (2)    Westinghouse
Brake and Signal Holdings Limited

 Eighth Floor 
  

					
	 Date
	  	 Document
	  	 Parties

			
	25.05.2007	  	Copy Early Access Letter and Undertaking	  	Bombardier Transportation UK Limited to The Prudential Assurance Company Limited
			
	25.05.2007	  	Agreement for Lease	  	 Learning Tree International Limited (1)
  

Bombardier Transportation UK Limited (2)

			
	19.07.2007	  	Licence to Underlet	  	 The Prudential Assurance Company Limited (1)
  

Learning Tree International Limited (2)
  

Learning Tree International Inc (3)
  

Bombardier Transportation UK Limited (4)

			
	27.07.2007	  	Lease	  	 Learning Tree International Limited (1)
  

Bombardier Transportation UK Limited (2)

  
 17 

 Schedule 4: The Underleases 
  

					
	 Date
	  	 Document
	  	 Parties

			
	27.07.2007	  	Side letter	  	 Learning Tree International Limited (1)
  

Bombardier Transportation UK Limited (2)

			
	30.07.2007	  	Licence for Alterations	  	 The Prudential Assurance Company Limited (1)
  

Learning Tree International Limited (2)
  

Learning Tree International Inc (3)
  

Bombardier Transportation UK Limited (4)

			
	02.04.2009	  	Licence to Assign Underlease	  	 The Prudential Assurance Company Limited (1)
  

Learning Tree International Limited (2)
  

Learning Tree International Inc (3)
  

Bombardier Transportation UK Limited (4)
  

LUL Nominee SSL Limited (5)

			
	02.04.2009	  	Authorised Guarantee Agreement	  	 Bombardier Transportation UK Limited (1)
  

Learning Tree International Limited (2)

			
	02.04.2009	  	Licence for Alterations	  	 The Prudential Assurance Company Limited (1)
  

Learning Tree International Limited (2)
  

Learning Tree International Inc (3)
  

LUL Nominee SSL Limited (4)

			
	28.04.2010	  	Copy Rent Review Memorandum	  	 Learning Tree International (1)
  

LUL Nominee SSL Limited (2)

  
 18 

 Schedule 5: Service Contracts 

Schedule 5 

Service Contracts 
 Part 1 
 Split Service Contracts 

Cleaning/window cleaning with Central Cleaning Limited 
 Pest Control with Rentokil 
 Reception/atrium plans with PHS 

Part 2 

Common Part Service Contracts 
 Security system support and maintenance with ADT Fire and Security 
 Security Guards with G4S
Security Services (UK) Limited 
 Refuse Collection S2 Security Shredding Limited 
 Lift maintenance and repair with Acre Lifts Limited 
 External maintenance and repair with Dorma
UK Limited 
 M&E maintenance with Sale Maintenance Limited 

  
 19 

 EXECUTION PAGE 

 

			
	 Signed as a Deed by LAXTON PROPERTIES LIMITED acting by its sole corporate director SPFL CORPORATE SERVICES LIMITED,
itself acting by:
  
  
 being persons who, in accordance with the laws of that territory, are acting under the authority of that company
	  	 )
 )

)
 )

 
 Authorised Signatory    /s/ Neil Marais

 
 Print name    Neil Marais

 
 Authorised Signatory    /s/ Aaron Taylor

 
 Print name    Aaron Taylor

		
	Executed as a deed by LEARNING TREE INTERNATIONAL LIMITED acting by:	  	 )
 )

)
  
 Director    /s/ Richard Chappell
  
 Print name    Richard Chappell
  
 Director/Secretary    /s/ Rob Harvey
  
 Print name    Rob Harvey

		
	 Executed as a deed by LEARNING TREE INTERNATIONAL INC a company incorporated in the state of Delaware USA by:

 
  
  

 
 being a person who, in accordance with the laws of that territory, is acting under
the authority of that company
	  	 )
 )

)
  
 Authorised Signatory    /s/ Max Shevitz
  
 Print name    Max Shevitz

  
 20Form of Indemnification Agreement

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (the
“Agreement”) effective as of the      day of             , 2012, by and between Revolution Lighting Technologies, Inc., a Delaware corporation (the
“Company”) and
                                        ,
a director and/or officer of the Company (the “Indemnitee”). 
 WITNESSETH: 

WHEREAS, damages sought against directors and officers in shareholder or similar litigation may be substantial, and the costs of
defending such actions and of judgments in favor of plaintiffs or of settlement therewith may be prohibitive for individual directors and officers, without regard to the merits of a particular action and without regard to the culpability of any
named director or officer to the detriment of the corporation; and 
 WHEREAS, the issues in controversy in such litigation
usually relate to the knowledge, motives and intent of the director or officer, who may be the only individual with firsthand knowledge of essential facts or exculpating circumstances who is qualified to testify in his defense regarding matters of
such a subjective nature, and the long period of time which may elapse before final disposition of such litigation may impose undue hardship and burden on a director or officer or his estate in launching and maintaining a proper and adequate defense
of himself or his estate against claims for damages; and 
 WHEREAS, the Company is organized under the General Corporation Law
of the State of Delaware (the “DGCL”) and Section 145 of the DGCL empowers corporations to indemnify and advance expenses of litigation to an individual serving as a director, officer, employee or agent of a corporation and to
individuals serving at the request of the corporation as a director, officer, partner, employee or agent of another corporation, partnership, joint venture, trust, other enterprise, and further provides that the indemnification and advancement of
expenses set forth in the DGCL are not “exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise,
both as to action in such person’s official capacity and as to action in another capacity while holding such office”; and 
 WHEREAS, the Certificate of Incorporation of the Company, as amended or amended and restated from time to time (the “Certificate of Incorporation”) and the By-Laws of the Company, as amended or
amended and restated from time to time, provide that the Company shall indemnify and hold harmless directors and officers to the fullest extent permitted by DGCL; and 
 WHEREAS, the Board of Directors of the Company has concluded that it is advisable and in the best interests of the Company to enter into an agreement to indemnify in a reasonable and adequate manner the
Indemnitee and to assume for itself liability for expenses and damages in connection with claims lodged against the Indemnitee for the Indemnitee’s decisions and actions as a director and/or officer of the Company or any of its Subsidiaries.

 NOW, THEREFORE, in consideration of the foregoing, and of other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by each of the parties hereto, the parties agree as follows: 

I. DEFINITIONS 
 For purposes of this Agreement, the following terms shall have the meanings set forth below: 
 A. “Board” shall mean the Board of Directors of the Company. 
 B.
“Corporate Status” shall mean: (i) the status of an individual who is or was a director or officer of the Company or any of its Subsidiaries, or a member of any committee of the Board; and (ii) the status of an individual
who, while a director or officer of the Company, is or was serving at the request of the Company as a director, officer, trustee, employee or agent of another corporation, partnership, joint venture, trust or other enterprise or employee benefit
plan. 
 C. “DGCL” shall mean the General Corporation Law of the State of Delaware, 8 Delaware Code,
Section 101 et seq. 
 D. “Disinterested Director” shall mean a director of the Company who neither
is nor was a party to the Proceeding with respect to which indemnification is being sought by the Indemnitee. 
 E.
“Expenses” shall mean expenses of Proceedings including, without limitation, all attorneys’ fees, retainers, court costs, appeal bonds, transcript costs, fees of experts, investigation fees and expenses, accounting and witness
fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, being or preparing to be a witness in or investigating a Proceeding. 
 F. “Good Faith Act or
Omission” shall mean an act or omission of the Indemnitee in good faith and in a manner reasonably believed by the Indemnitee to be in or not opposed to the best interests of the Company or the Subsidiaries and, in the case of any criminal
action or Proceeding, one as to which the Indemnitee had no reasonable cause to believe his or her conduct was unlawful. 
 G.
“Independent Counsel” means a law firm, or a partner or member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the
Company or the Indemnitee in any matter material to either such party (other than as Independent Counsel with respect to matters concerning the Indemnitee under this Agreement, or other indemnitees under similar indemnification agreements), or
(ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine the Indemnitee’s rights under this Agreement. 

  
 -2-

 H. “Liabilities” shall mean liabilities of any type whatsoever, including,
without limitation, any judgments, fines, excise taxes and penalties under the Employee Retirement Income Security Act of 1974, as amended, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or
payable in connection with or with respect to such judgments, fines, penalties or amounts paid in settlement) in connection with the investigation, defense, settlement or appeal of any Proceeding or any claim, issue or matter therein. 

I. “Person” shall mean any natural person or individual, or any artificial person, including any corporation,
association, unincorporated organization, partnership, joint venture, firm, company, business, trust, business trust, limited liability company, government, public body or authority, governmental agency or department and any other entity.

 J. “Proceeding” shall mean any threatened, pending or completed claim, demand, inquiry, investigation,
action, suit, arbitration, alternate dispute resolution mechanism, administrative hearing or any other actual, threatened or completed proceeding whether civil, criminal, administrative or investigative, or any appeal therefrom, whether formal or
informal, or whether brought by or in the right of the Company, whether brought by a governmental body, agency or representative or by any other Person. 
 K. “Subsidiary” shall mean any corporation, limited liability company, partnership, business trust or other entity of which the Company, directly or indirectly, owns or controls at least
fifty percent (50%) of the voting securities or economic interests. 
 L. “Undertakings” shall have the
meaning ascribed to it in Article V herein. 
 M. “Voting Securities” shall mean any securities of the Company
that are entitled to vote generally in the election of directors. 
 II. CONTINUATION OF INDEMNITY 

All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director or officer of
the Company and shall continue thereafter so long as Indemnitee may be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal, arbitrational, administrative or investigative, by reason
of the fact that Indemnitee was serving in the capacity referred to herein and until the final termination of all Proceedings (including possible Proceedings) with respect to which the Indemnitee is granted rights of indemnification or advancement
of Expenses hereunder and of any Proceeding commenced by the Indemnitee regarding the interpretation or enforcement of this Agreement. 
 III. SERVICE BY INDEMNITEE, NOTICE OF 
 PROCEEDINGS, DEFENSE OF CLAIMS

 A. Notice of Proceedings. The Indemnitee agrees to notify the Company promptly in writing upon being served with
any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. However, the Indemnitee’s

  
 -3-

 
failure to so notify the Company shall not relieve the Company from any liability it may have to the Indemnitee under this Agreement, except to the extent that the Indemnitee’s failure to so
notify the Company materially prejudices the Company with respect to said Proceeding or matter. 
 B. Defense of Claims. 

 1. If, at the time of the receipt by the Company of a notice of Proceeding pursuant to Section III.A hereof,
the Company has directors’ and officers’ or similar liability insurance in effect, the Company shall give prompt notice of the commencement of the Proceeding to the insurers in accordance with the procedures set forth in the applicable
policies. The Company shall thereafter take all commercially-reasonable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 

2. The Company shall be entitled to participate in the Proceeding at its own expense. The Indemnitee agrees to consult
with the Company and to consider in good faith the advisability and appropriateness of joint representation in the event that either the Company or other indemnitees in addition to the Indemnitee require representation in connection with any
Proceeding. 
 3. The Indemnitee shall give the Company such information and cooperation in connection with the
Proceeding as may be reasonably appropriate. 
 4. The Company shall not settle any Proceeding (or any part
thereof) without the Indemnitee’s prior written consent, which shall not be unreasonably withheld. The Indemnitee shall not enter into any settlement in connection with a Proceeding (or any part thereof) without ten (10) days prior written
notice to the Company. 
 C. Addressing Liens, Attachments, Etc. If by reason of any Proceeding as to which the
Indemnitee is entitled (or is presumed to be entitled) to indemnification under this Agreement, a lien, attachment, garnishment or execution is placed upon any of the property or assets of the Indemnitee, the Company shall promptly furnish a
reasonably satisfactory indemnity bond to obtain the prompt release of such lien, attachment, garnishment or execution. 
 IV.
INDEMNIFICATION 
 A. In General. Upon the terms and subject to the conditions set forth in this Agreement, the
Company shall hold harmless and indemnify the Indemnitee against any and all Liabilities actually incurred by or for him or her in connection with any Proceeding (whether the Indemnitee is or becomes a party, a witness or is otherwise a participant
in any role) to the fullest extent permitted by law, as the same exists or may hereafter be amended or interpreted (but in the case of any such amendment or interpretation, only to the extent that such amendment or interpretation permits the Company
to provide broader indemnification rights than were permitted prior thereto). The parties hereto intend that this Agreement shall provide for indemnification in excess of that expressly permitted by statute, including, without limitation, any
indemnification provided by the Company’s Certificate of Incorporation, its Bylaws, vote of 

  
 -4-

 
its shareholders or Disinterested Directors, or applicable law. For all matters for which the Indemnitee is entitled to indemnification under this Article IV, the Indemnitee shall be entitled to
advancement of Expenses in accordance with Article V hereof. 
 B. Proceeding Other Than a Proceeding by or in the Right of
the Company. If the Indemnitee, by reason of his or her Corporate Status or alleged action or inaction in such capacity, was or is a party or is threatened to be made a party to any Proceeding (whether the Indemnitee is or becomes a party, a
witness or is otherwise a participant in any role) (other than a Proceeding by or in the right of the Company or any Subsidiary), the Company shall, subject to the limitations set forth in Section IV.F. below, hold harmless and indemnify the
Indemnitee against any and all Expenses and Liabilities actually and reasonably incurred by or for the Indemnitee in connection with the Proceeding, unless the act(s) or omission(s) of the Indemnitee giving rise thereto were not Good Faith Act(s) or
Omission(s). 
 C. Proceedings by or in the Right of the Company. If the Indemnitee, by reason of his or her Corporate
Status or alleged action or inaction in such capacity, was or is a party or is threatened to be made a party to any Proceeding (whether the Indemnitee is or becomes a party, a witness or otherwise is a participant in any role) by or in the right of
the Company or any Subsidiary to procure a judgment in its favor, the Company shall, subject to the limitations set forth in Section IV.F. below, hold harmless and indemnify the Indemnitee against any and all Expenses actually incurred by or for the
Indemnitee in connection with the investigation, defense, settlement or appeal of such Proceeding, unless the act(s) or omission(s) of the Indemnitee giving rise to the Proceeding were not Good Faith Act(s) or Omission(s). However, no
indemnification under this Section IV.C. shall be made with respect to any claim, issue or matter as to which the Indemnitee shall have been finally adjudged to be liable to the Company or any Subsidiary, unless a court of appropriate jurisdiction
(including, but not limited to, the court in which such Proceeding was brought) determines upon application that, despite the adjudication of liability but in view of all the circumstances of the case, regardless of whether the Indemnitee’s
act(s) or omission(s) were found to be a Good Faith Act(s) or Omission(s), the Indemnitee is fairly and reasonably entitled to indemnification for such Expenses, which such court shall deem proper. 

D. Indemnification of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the
extent that the Indemnitee is, by reason of the Indemnitee’s Corporate Status, a party to and is successful in, on the merits or otherwise, any Proceeding, the Indemnitee shall be indemnified by the Company to the maximum set forth herein
against all Expenses and Liabilities actually incurred by or for him or her in connection therewith. If the Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall hold harmless and indemnify the Indemnitee to the maximum extent set forth herein against all Expenses and Liabilities actually and reasonably incurred by or for the Indemnitee in
connection with each successfully resolved claim, issue or matter in such Proceeding. Resolution of a claim, issue or matter by dismissal, with or without prejudice, but except as provided in Section IV.F. hereof, shall be deemed a successful result
as to such claim, issue or matter so long as there has been no finding (either adjudicated or pursuant to Article VI hereof) that the act(s) or omission(s) of the Indemnitee giving rise thereto were not a Good Faith Act(s) or Omission(s).

  
 -5-

 E. Indemnification for Expenses as Witness. Notwithstanding any other provision of
this Agreement, to the extent that the Indemnitee, by reason of the Indemnitee’s Corporate Status, has prepared to serve or has served as a witness in any Proceeding, or has participated in discovery proceedings or other trial preparation, the
Indemnitee shall be held harmless and indemnified against all Expenses actually and reasonably incurred by or for him or her in connection therewith. 
 F. Specific Limitations on Indemnification. In addition to the other limitations set forth in this Article IV and notwithstanding anything in this Agreement to the contrary, the Company shall not
be obligated under this Agreement to make any payment to the Indemnitee for indemnification with respect to any Proceeding: 
 1. To the extent that payment is actually made to the Indemnitee under any insurance policy or is made on behalf of the Indemnitee by or on behalf of the Company otherwise than pursuant to this Agreement.

 2. For Liabilities in connection with Proceedings settled without the consent of the Company, which consent
shall not have been unreasonably withheld. 
 3. For any claim made against Indemnitee (i) for an accounting
of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or similar provisions of state
statutory law or common law or (ii) for reimbursement to the Company of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, in each case as
required under the Exchange Act if Indemnitee is held liable therefor or in respect of claw-back provisions promulgated under the rules and regulations of the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and
Consumer Protection Act. 
 4. Except for any Proceeding initiated by Indemnitee to enforce its rights under this
Agreement as contemplated by Section VI.G., any Proceeding (or part thereof) initiated by Indemnitee (including any Proceeding initiated by Indemnitee against the Company or its directors, officers, employees, agents or other indemnitees) unless
(i) the Board authorized the action, suit or other proceeding (or part thereof) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable
law. 
 5. If prohibited by applicable law. 

V. ADVANCEMENT OF EXPENSES 
 Notwithstanding any provision to the contrary in Article VI hereof, the Company shall advance to the Indemnitee all Expenses which, by reason of the Indemnitee’s Corporate Status, were incurred by or
for the Indemnitee in connection with any Proceeding for which the Indemnitee is entitled to indemnification pursuant to Article IV hereof, in advance of the final disposition of such Proceeding, provided that all of the following are satisfied:
(i) the Indemnitee was made a party to the proceeding by reason of Indemnitee’s Corporate Status and (ii) the 

  
 -6-

 
Indemnitee provides the Company with a written agreement (the “Undertaking”) to repay the amount paid or reimbursed by the Company, if it is ultimately determined that the Indemnitee
did not comply with the requisite standard of conduct. The Indemnitee shall be required to execute and submit the Undertaking to repay Expenses Advanced in the form of Exhibit A attached hereto or in such form as may be required under applicable law
as in effect at the time of execution thereof. The Company shall advance such expenses within five (5) business days after its receipt of the Undertaking. The Indemnitee hereby agrees to repay any Expenses advanced hereunder if it is ultimately
determined that the Indemnitee is not entitled to be indemnified against such Expenses. Any advances and the undertaking to repay pursuant to this Article V shall be unsecured and no interest shall be charged thereon. 

VI. PROCEDURE FOR PAYMENT OF LIABILITIES; 
 DETERMINATION OF RIGHT TO INDEMNIFICATION 
 A. Procedure for
Payment. To obtain indemnification for Liabilities under this Agreement, the Indemnitee shall submit to the Company a written request for payment, specifying in reasonable detail the factors known to the Indemnitee giving rise to such claim for
indemnification, the positions and allegations of the parties to any related Proceeding and the factual bases therefore, the amount or an estimate of the amount of Liabilities and Expenses reasonably expected to arise therefrom (or a statement to
the effect that such Liabilities and Expenses cannot be reasonably estimated). The Indemnitee also shall include with such request for payment such documentation as is reasonably available to the Indemnitee and reasonably necessary to determine
whether and to what extent the Indemnitee is entitled to indemnification and payment hereunder, provided that in the case of invoices in connection with legal services, any references to legal work performed or to expenditure made that would cause
Indemnitee to waive any privilege accorded by applicable law shall not be included with the invoice. A delay by the Indemnitee in providing such notice shall not relieve the Company from its obligations under this Agreement unless and then only to
the extent that the Company is materially and adversely affected by the delay. The Secretary of the Company, or such other individual as shall be designated by the Board, shall promptly advise the Board in writing of such request for
indemnification. Any indemnification payment due hereunder shall be paid by the Company no later than five (5) business days following the determination, pursuant to this Article VI, that such indemnification payment is proper hereunder.

 B. No Determination Necessary when the Indemnitee was Successful. To the extent the Indemnitee has been successful, on
the merits or otherwise, in defense of any Proceeding referred to in Sections IV.B. or IV.C. above or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee against Expenses actually and reasonably
incurred by or for the Indemnitee in connection with the investigation, defense or appeal of such Proceeding. 
 C.
Determination of Good Faith Act or Omission. In the event that Section VI.B. above is inapplicable, the Company shall also hold harmless and indemnify the Indemnitee unless the Company proves by clear and convincing evidence to Independent
Counsel as provided for below that the act(s) or omission(s) of the Indemnitee giving rise to the Proceeding were not Good Faith Act(s) or Omission(s). 

  
 -7-

 1. The determination of entitlement to indemnification is to be made by
Independent Counsel selected by the Indemnitee, and the Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. The Company may, within ten (10) days after such written notice of
selection shall have been given, deliver to the Indemnitee a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the
requirements of “Independent Counsel” as defined in Section I.G. of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected
shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such
objection is without merit. If, within twenty (20) days after the later of (i) submission by the Indemnitee of a written request for indemnification pursuant to Section VI.A. hereof and (ii) the final disposition of the Proceeding,
the parties have not agreed upon an Independent Counsel, either the Company or the Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been made by the Company to the Indemnitee’s selection
of Independent Counsel and for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so
appointed shall act as Independent Counsel hereof. Upon the due commencement of any judicial proceeding pursuant to Section VI.F. of this Agreement, the Independent Counsel shall be discharged and relieved of any further responsibility in such
capacity (subject to the applicable standards of professional conduct then prevailing). 
 2. The Company agrees
to pay the reasonable fees and expenses of any Independent Counsel and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.;

 D. Right to Appeal. Notwithstanding a determination by Independent Counsel pursuant to Section VI.C. above that the
Indemnitee is not entitled to indemnification with respect to a specific Proceeding, the Indemnitee shall have the right to apply to the court in which that Proceeding is or was pending, or to any other court of competent jurisdiction, for the
purpose of enforcing the Indemnitee’s right to indemnification pursuant to this Agreement. Such enforcement action shall consider the Indemnitee’s entitlement to indemnification de novo, and the Indemnitee shall not be prejudiced by
reason of a prior determination that the Indemnitee is not entitled to indemnification. The Company shall be precluded from asserting that the procedures and presumptions of this Agreement are not valid, binding and enforceable. The Company further
agrees to stipulate in any such judicial proceeding that the Company is bound by all the provisions of this Agreement and is precluded from making any assertion to the contrary. 

E. Right to Seek Judicial Determination. Notwithstanding any other provision of this Agreement to the contrary, at any time sixty
(60) days after a request for indemnification has been made to the Company (or upon earlier receipt of written notice that a request for 

  
 -8-

 
indemnification has been rejected) and before the third (3rd) anniversary of the making of such indemnification request, the Indemnitee may petition a court of competent jurisdiction,
regarding whether the court has jurisdiction over or is the forum in which the Proceeding is pending, to determine whether the Indemnitee is entitled to indemnification hereunder, and such court shall have the exclusive authority to make such
determination, unless and until the Indemnitee’s action is dismissed or otherwise terminated before such determination is made. The court, as petitioned, shall make an independent determination of whether the Indemnitee is entitled to
indemnification hereunder, without regard to any prior determination in any other forum. 
 F. Expenses under this
Agreement. Notwithstanding any other provision in this Agreement to the contrary, the Company shall indemnify the Indemnitee against all Expenses incurred by the Indemnitee in connection with any hearing or proceeding under this Article VI
involving the Indemnitee and against all Expenses incurred by the Indemnitee in connection with any other action between the Company and the Indemnitee involving the interpretation or enforcement of the rights of the Indemnitee under this Agreement,
even if it is finally determined that the Indemnitee is not entitled to indemnification in whole or in part hereunder. 
 VII.
PRESUMPTIONS AND EFFECT 
 OF CERTAIN PROCEEDINGS 

A. Burden of Proof. In making a determination with respect to entitlement to indemnification hereunder, the Person or Persons
making such determination shall presume that the Indemnitee is entitled to indemnification under this Agreement and the Company shall have the burden of proof of overcoming that presumption. 

B. Effect of Other Proceedings. The termination of any Proceeding or any claim, issue or matter therein by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the act(s) or omission(s) giving rise to the Proceeding were not Good Faith Act(s) or Omission(s). 

C. Reliance as Safe Harbor. For the purposes of any determination of whether any act or omission of the Indemnitee was a Good
Faith Act or Omission, each act of the Indemnitee shall be deemed to be a Good Faith Act or Omission if the Indemnitee’s action is based on the records or books of accounts of the Company, including financial statements, and if the Indemnitee
is a director, upon such information opinions, reports or statements presented to the Company by any of the Company’s officers or employees or committees of the Board, or by any other Person as to matters the Indemnitee reasonably believes are
within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. The provisions of this Section VII.C. shall not be exclusive or deemed to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement or under applicable law. 
 D. Actions of Others. The knowledge and/or actions or failure to act of any director, officer, agent or employee of the Company shall not be imputed to the Indemnitee for the purposes of
determining the right to indemnification under this Agreement. 

  
 -9-

 VIII. INSURANCE 

In the event that the Company maintains officers’ and directors’ or similar liability insurance to protect itself and any
director or officer of the Company against any expense, liability or loss, such insurance shall cover the Indemnitee to at least the same degree as each other director and/or officer of the Company. 

IX. NON-EXCLUSIVITY, 
 SUBROGATION AND MISCELLANEOUS 
 A. Non-Exclusivity. The rights of
the Indemnitee hereunder shall not be deemed exclusive of any other rights to which the Indemnitee may at any time be entitled under any provision of law, the Certificate of Incorporation, the By-Laws of the Company, as the same may be in effect
from time to time, any agreement, a vote of shareholders of the Company or a resolution of directors of the Company or otherwise; provided, however, that this Agreement shall supersede any prior indemnification agreement between the Company and the
Indemnitee. To the extent that, during the term of this Agreement, the rights of the then-existing directors and officers of the Company are more favorable to such directors or officers than the rights currently provided to the Indemnitee under this
Agreement, the Indemnitee shall be entitled to the full benefits of those more favorable rights. 
 No amendment, alteration,
rescission or replacement of this Agreement or any provision hereof that would limit in any way the benefits and protections afforded to an Indemnitee by this Agreement shall be effective as to an Indemnitee with regards to any action or inaction
undertaken by such Indemnitee in the Indemnitee’s Corporate Status prior to such amendment, alteration, rescission or replacement. 
 To the extent that any change to applicable law (whether by statute or judicial decision) shall permit any broader indemnification by agreement than would be afforded under the provisions of this
Agreement, it is the intent of the parties to this Agreement that the Indemnitee shall enjoy by this Agreement the broader rights and protection so afforded by such change. 
 The rights, duties and obligations of the Company and the Indemnitee under this Agreement do not limit, diminish or supersede the rights, duties and obligations of the Company and the Indemnitee with
respect to the indemnification afforded to the Indemnitee under any liability insurance, the DGCL, or under the Bylaws or the Certificate of Incorporation of the Company. In addition, the Indemnitee’s rights under this Agreement will not be
limited or diminished in any respect by any amendment to the Bylaws or the Certificate of Incorporation of the Company. 
 B.
Subrogation. In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who shall execute all required documents and take all action
necessary to secure such rights, including execution of documents necessary to enable the Company to bring suit to enforce such rights. 

  
 -10-

 C. Notices. All notices, requests, demands and other communications hereunder shall
be in writing and shall be deemed to have been duly given: (i) if delivered by hand, by courier or by telegram and receipted for by the party to whom such notice or other communication was directed at the time indicated on such receipt;
(ii) if by facsimile at the time shown on the confirmation of such facsimile transmission; or (iii) if by U.S. certified or registered mail, with postage prepaid, on the third business day after the date on which it is so mailed:

 If to the Indemnitee, as shown with the Indemnitee’s signature below. 

If to the Company to: 
 Revolution Lighting Technologies, Inc. 
 124 Floyd Smith Drive, Suite 300

 Charlotte, N.C. 
 Attention: Chief Executive Officer 
 Facsimile No. (704) 405-0422 

or to such other address as may have been furnished to the Indemnitee by the Company or to the Company by the Indemnitee, as the case may
be. 
 D. Governing Law; Venue. The parties agree that this Agreement shall be governed by, construed and enforced in
accordance with the internal laws of the State of Delaware, without application of the conflict of laws principles thereof. The parties to this Agreement agree (i) that jurisdiction and venue in any action brought pursuant to this Agreement
shall be in any federal or state court situated in Mecklenburg County, North Carolina, (ii) that all claims in any such action may be decided in either such court, and (iii) to waive any objection on the grounds of forum non
conveniens to any action commenced in the foregoing jurisdictions. 
 E. Binding Effect; Assignment. Any claim,
right, title, benefit, remedy or interest of the Indemnitee in or under this Agreement is personal in nature and may not be sold, assigned or transferred, pledged or hypothecated, but the provisions of this Agreement shall survive the death,
disability or incapacity of the Indemnitee or the termination of Indemnitee’s services as a director and/or officer of the Company for the periods set forth in Article II and may inure to the benefit of the Indemnitee’s heirs, executors,
administrators and personal representatives. Except as otherwise provided in this Agreement, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors, legal
representatives and permitted assigns. The Company shall require any successor or assignee (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of it’s the assets or business of the Company,
by written agreement in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to be bound by and perform this Agreement in the same manner and to the same extent as the Company would be required to perform
absent such succession or assignment. 
 F. Waiver. No termination, cancellation, modification, amendment, deletion,
addition or other change in this Agreement or any provision hereof, or waiver of any right or remedy herein, shall be effective for any purpose unless specifically set forth in a writing signed by the party or parties to be bound thereby. The waiver
of any right or remedy with respect to any occurrence on one occasion shall not be deemed a waiver of such right or remedy with respect to such occurrence on any other occasion. No delay on the part of any party in exercising any right or power
under this Agreement shall operate as a waiver of any such right or power. 

  
 -11-

 G. Entire Agreement. This Agreement constitutes the entire agreement and
understanding among the parties hereto in reference to the subject matter hereof; provided, however, that the parties acknowledge and agree that the Certificate of Incorporation and By-Laws of the Company contain provisions on the subject matter
hereof and that this Agreement is not intended to, and does not, limit the rights or obligations of the parties hereto pursuant to such instruments. 
 H. Titles. The titles to the articles and sections of this Agreement are inserted for convenience only and should not be deemed a part hereof or affect the construction or interpretation of any
provisions hereof. 
 I. Invalidity of Provisions. Every provision of this Agreement is severable, and the invalidity or
unenforceability of any term or provision shall not effect the validity or enforceability of the remainder of this Agreement. 

J. Pronouns and Plurals. Where applicable, any pronoun used in this Agreement shall include the corresponding masculine, feminine
or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. 
 K.
Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together constitute one agreement binding on all the parties hereto. This Agreement may be duly
executed and delivered by facsimile or other electronic transmission. 
 L. Construction. Each party to this Agreement
severally acknowledges and agrees that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party may not be utilized in the interpretation or construction of this Agreement. 

M. Non-contestability. The Company represents, covenants and agrees that it will not initiate, and that it will use its best
efforts to cause any of its affiliates not to initiate, any action, suit or proceeding challenging the validity or enforceability of this Agreement. 
 [Signature Page Follows] 

  
 -12-

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the day
and year first above written. 
  

					
	REVOLUTION LIGHTING TECHNOLOGIES, INC.,
	a Delaware corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	  
	 	, as INDEMNITEE
	Signature	 		 	
		
	Name:	 	  

	Address:	 	  

		 	  

 EXHIBIT A 
 FORM OF UNDERTAKING TO REPAY EXPENSES ADVANCED 
 The Board of Directors of Revolution
Lighting Technologies, Inc. 
  

	 	Re:	Undertaking to Repay Expenses Advanced  

Ladies and Gentlemen: 
 The
undertaking is being provided pursuant to that certain Indemnification Agreement dated the      day of             , 20    , by and between
Revolution Lighting Technologies, Inc. and the undersigned Indemnitee (the “Indemnification Agreement”), pursuant to which I am entitled to advancement of expenses in connection with
                    [Description of Proceeding] (the “Proceeding”). Terms used herein and not otherwise defined shall have the meanings
specified in the Indemnification Agreement. 
 I am subject to the Proceeding by reason of my Corporate Status or by reason of
alleged actions or omissions by me in such capacity. During the period of time to which the Proceeding relates I was                     [name of
office(s) held] of Revolution Lighting Technologies, Inc. Pursuant to Article IV of the Indemnification Agreement, the Company is obligated to reimburse me for Expenses that are actually and reasonably incurred by or for me in connection with the
Proceeding, provided that I execute and submit to the Company an Undertaking in which I undertake to repay any Expenses paid by the Company on my behalf, if it shall be ultimately determined that I am not entitled to be indemnified thereby against
such Expenses 
 The letter shall constitute my undertaking to repay to the Company any Expenses paid by it on my behalf in
connection with the Proceeding if it is ultimately determined that I am not entitled to be indemnified with respect to such Expenses as set forth above. 

 

			
	  

	Signature	 	
	
	  

	Name	 	
	
	  

	Date

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