Document:

EX-10.1

 Exhibit 10.1 

PURCHASE AGREEMENT 

May 9, 2019 
 J.P. MORGAN
SECURITIES LLC 
 As Representative of the Initial Purchasers 

383 Madison Avenue 
 New York, New York 10179 

Ladies and Gentlemen: 
 Introductory.
Century Communities, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to J.P. Morgan Securities LLC and the other several Initial Purchasers named in Schedule A (the “Initial
Purchasers”), acting severally and not jointly, the respective amounts set forth in such Schedule A of $500,000,000 aggregate principal amount of the Company’s 6.750% Senior Notes due 2027 (the “Notes”). J.P.
Morgan Securities LLC has agreed to act as the representative of the several Initial Purchasers (the “Representative”) in connection with the offering and sale of the Notes (the “Offering”). 

The Securities (as defined below) will be issued pursuant to an indenture, dated as of the Closing Date (as defined in Section 2 hereof),
among the Company, the Guarantors (as defined below), and U.S. Bank National Association, as trustee (the “Trustee”) relating to the issuance of the Securities, (the “Indenture”). 

The Notes will be issued only in book-entry form in the name of Cede & Co., as nominee of The Depository Trust Company (the
“Depositary”) pursuant to a letter of representations, to be dated on or before the Closing Date (the “DTC Agreement”), among the Company, the Trustee and the Depositary. 

The holders of the Notes will be entitled to the benefits of a registration rights agreement, to be dated as of the Closing Date (the
“Registration Rights Agreement”), among the Company, the Guarantors and the Representative, pursuant to which the Company and the Guarantors will be required to file with the Commission (as defined below), under the circumstances
set forth therein, (i) a registration statement under the Securities Act (as defined below) relating to another series of debt securities of the Company with terms substantially identical to the Notes (the “Exchange Notes”) to
be offered in exchange for the Notes (the “Exchange Offer”) and/or (ii) a shelf registration statement pursuant to Rule 415 of the Securities Act relating to the resale by certain holders of the Notes, and in each case, to use
its commercially reasonable efforts to cause such registration statements to be declared effective. 
 The payment of principal of, premium,
if any, and interest on the Notes will be fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally by (i) the entities listed on the signature pages hereof as “Guarantors” and (ii) any subsidiary of
the Company formed or acquired after the Closing Date that executes an additional guarantee in accordance with the terms of the Indenture, and their respective successors and assigns (collectively, the “Guarantors”), pursuant to
their guarantees (the “Guarantees”). The Notes and the Guarantees attached thereto are herein collectively referred to as the “Securities”; and the Exchange Notes and the Guarantees attached thereto are herein
collectively referred to as the “Exchange Securities.” 
 The Company has launched a tender offer (the “Tender
Offer”) for any and all of the Company’s outstanding 6.875% Senior Notes due 2022 (the “2022 Notes”) and has issued a conditional notice of redemption to redeem all 2022 Notes that remain outstanding after completion
of the Tender Offer (the 

 
“Redemption”). On the Closing Date, the Company will accept for purchase any and all of such 2022 Notes that are validly tendered (and not withdrawn) on or prior to the tender
deadline of the Tender Offer and settle the Tender Offer. The Company will use the proceeds of the Offering to finance the Tender Offer and the Redemption and to pay related fees and expenses, with the remainder for general corporate purposes. 

The issuance and sale of the Notes, the issuance of the Guarantees, the Tender Offer, the Redemption, and the payment of transaction costs are
referred to herein collectively as the “Transactions.” 
 This Agreement, the Registration Rights Agreement, the DTC
Agreement, the Securities, the Exchange Securities and the Indenture are referred to herein as the “Transaction Documents.”  

The Company understands that the Initial Purchasers propose to make an offering of the Securities on the terms and in the manner set forth
herein and in the Pricing Disclosure Package (as defined below) and agrees that the Initial Purchasers may resell, subject to the conditions set forth herein, the Securities to purchasers (the “Subsequent Purchasers”) on the terms
set forth in the Pricing Disclosure Package (the first time when sales of the Securities are made is referred to as the “Time of Sale”). The Securities are to be offered and sold to or through the Initial Purchasers without being
registered with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933 (as amended, the “Securities Act,” which term, as used herein, includes the rules and regulations of the
Commission promulgated thereunder), in reliance upon exemptions therefrom. Pursuant to the terms of the Securities and the Indenture, investors who acquire Securities shall be deemed to have agreed that Securities may only be resold or otherwise
transferred, after the date hereof, if such Securities are registered for sale under the Securities Act or if an exemption from the registration requirements of the Securities Act is available (including the exemptions afforded by Rule 144A under
the Securities Act (“Rule 144A”) or Regulation S under the Securities Act (“Regulation S”)). 
 The
Company has prepared and delivered to each Initial Purchaser copies of a Preliminary Offering Memorandum, dated May 9, 2019 (the “Preliminary Offering Memorandum”), and has prepared and delivered to each Initial Purchaser
copies of a Pricing Supplement, dated May 9, 2019 (the “Pricing Supplement”), describing the terms of the Securities, each for use by such Initial Purchaser in connection with its solicitation of offers to purchase the
Securities. The Preliminary Offering Memorandum and the Pricing Supplement are herein referred to as the “Pricing Disclosure Package.” Promptly after this Agreement is executed and delivered, the Company will prepare and deliver to
each Initial Purchaser a final offering memorandum dated the date hereof (the “Final Offering Memorandum”). 
 All
references herein to the terms “Pricing Disclosure Package” and “Final Offering Memorandum” shall be deemed to mean and include all information filed under the Securities Exchange Act of 1934 (as amended, the “Exchange
Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder) prior to the Time of Sale and incorporated by reference in the Pricing Disclosure Package (including the Preliminary Offering
Memorandum) or the Final Offering Memorandum (as the case may be), and all references herein to the terms “amend,” “amendment” or “supplement” with respect to the Final Offering Memorandum shall be
deemed to mean and include all information filed under the Exchange Act after the Time of Sale and incorporated by reference in the Final Offering Memorandum. 

  
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 The Company and the Guarantors each hereby confirms its agreements with the Initial
Purchasers as follows: 
 SECTION 1.    Representations and Warranties. Each of the Company and the Guarantors,
jointly and severally, hereby represents, warrants and covenants to each Initial Purchaser that, as of the date hereof and as of the Closing Date (references in this Section 1 to the “Offering Memorandum” are to (x) the
Pricing Disclosure Package in the case of representations and warranties made as of the date hereof and (y) the Pricing Disclosure Package and the Final Offering Memorandum in the case of representations and warranties made as of the Closing
Date): 
 (a)    No Registration Required. Subject to compliance by the Initial Purchasers with the
representations and warranties set forth in Section 2 hereof and with the procedures set forth in Section 7 hereof, it is not necessary in connection with the offer, sale and delivery of the Securities to the Initial Purchasers and to each
Subsequent Purchaser in the manner contemplated by this Agreement and the Offering Memorandum to register the Securities under the Securities Act or, until such time as the Exchange Securities are issued pursuant to an effective registration
statement, to qualify the Indenture under the Trust Indenture Act of 1939 (the “Trust Indenture Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder). 

(b)    No Integration of Offerings or General Solicitation. None of the Company, its affiliates (as such
term is defined in Rule 501(b) under the Securities Act) (each, an “Affiliate”), or any person acting on its or any of their behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation
or warranty) has, directly or indirectly, solicited any offer to buy or offered to sell, or will, directly or indirectly, solicit any offer to buy or offer to sell, in the United States or to any United States citizen or resident, any security which
is or would be integrated with the sale of the Securities in a manner that would require the Securities to be registered under the Securities Act. None of the Company, its Affiliates, or any person acting on its or any of their behalf (other than
the Initial Purchasers, as to whom the Company and the Guarantors make no representation or warranty) has engaged or will engage, in connection with the offering of the Securities, in any form of general solicitation or general advertising within
the meaning of Rule 502(c) under the Securities Act (each, a “General Solicitation”). With respect to those Securities sold in reliance upon Regulation S, (i) none of the Company, its Affiliates or any person acting on its or
their behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation or warranty) has engaged or will engage in any directed selling efforts within the meaning of Regulation S and (ii) each of the
Company and its Affiliates and any person acting on its or their behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation or warranty) has complied and will comply with the offering restrictions set
forth in Regulation S to the extent applicable. 
 (c)    Eligibility for Resale under Rule 144A. The
Securities are eligible for resale pursuant to Rule 144A and will not be, at the Closing Date, of the same class as securities listed on a national securities exchange registered under Section 6 of the Exchange Act or quoted in a U.S. automated
interdealer quotation system. 
 (d)    The Pricing Disclosure Package and Offering Memorandum. Neither
the Pricing Disclosure Package, as of the Time of Sale, nor the Final Offering Memorandum, as of its date or (as amended or supplemented in accordance with Section 3(a), as applicable) as of the Closing Date, contains or represents an untrue
statement of a material fact or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that this representation, warranty and agreement
shall not apply to statements in or omissions from the Pricing Disclosure Package, the Final Offering Memorandum or any amendment or supplement thereto made in reliance upon and in conformity with information furnished to the Company in writing by
any Initial Purchaser through the Representative expressly for use in the Pricing Disclosure Package, the Final Offering Memorandum or amendment or supplement thereto, as the case may be. The Pricing Disclosure Package contains, and the Final
Offering Memorandum will contain, all the information specified in, and meeting the requirements of, Rule 144A. 

  
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 (e)    Company Additional Communications. The Company and the
Guarantors have not prepared, made, used, authorized, approved or distributed any written communication that constitutes an offer to sell or solicitation of an offer to buy the Securities, other than (i) the Pricing Disclosure Package,
(ii) the Final Offering Memorandum and (iii) any electronic road show or other written communications, in each case used in accordance with Section 3(a). Each such communication by the Company, the Guarantors or their agents and
representatives pursuant to clause (iii) of the preceding sentence (each, a “Company Additional Communication”), when taken together with the Pricing Disclosure Package, did not as of the Time of Sale, and at the Closing Date
will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that this
representation, warranty and agreement shall not apply to statements in or omissions from each such Company Additional Communication made in reliance upon and in conformity with information furnished to the Company in writing by any Initial
Purchaser through the Representative expressly for use in any Company Additional Communication. 
 (f)    The
Purchase Agreement. This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors. 

(g)    The Registration Rights Agreement and DTC Agreement. The Registration Rights Agreement has been duly
authorized by the Company and the Guarantors and, on the Closing Date, will have been duly executed and delivered by, and will constitute a valid and binding agreement of, the Company and the Guarantors, enforceable in accordance with its terms,
except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles and except as rights to
indemnification may be limited by applicable law. The DTC Agreement has been duly authorized and, on the Closing Date, will have been duly executed and delivered by, and will constitute a valid and binding agreement of, the Company, enforceable in
accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles.

 (h)    Authorization of the Notes, the Guarantees and the Exchange Notes. The Notes to be purchased by the
Initial Purchasers from the Company will on the Closing Date be in the form contemplated by the Indenture, have been duly authorized by the Company for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will
have been duly executed by the Company and, when authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding obligations of the Company, enforceable in
accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable
principles and will be entitled to the benefits of the Indenture. The Exchange Notes have been duly and validly authorized for issuance by the Company, and when issued and authenticated in accordance with the terms of the Indenture, the Registration
Rights Agreement and the Exchange Offer, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency,
reorganization, moratorium, or similar laws relating to or affecting enforcement of the rights and remedies of creditors or by general principles of equity and will be entitled to the benefits of the Indenture. The Guarantees of the Notes on the
Closing Date and the Guarantees of the Exchange Notes when issued will be in the respective forms contemplated by the Indenture and have been 

  
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duly authorized by the Guarantors for issuance pursuant to this Agreement and the Indenture; the Guarantees of the Notes, at the Closing Date, will have been duly executed by each of the
Guarantors and, when the Notes have been authenticated in the manner provided for in the Indenture and issued and delivered against payment of the purchase price therefor, the Guarantees of the Notes will constitute valid and binding agreements of
the Guarantors; and, when the Exchange Notes have been authenticated in the manner provided for in the Indenture and issued and delivered in accordance with the Registration Rights Agreement, the Guarantees of the Exchange Notes will constitute
valid and binding agreements of the Guarantors, in each case, enforceable in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or
affecting the rights and remedies of creditors or by general equitable principles and will be entitled to the benefits of the Indenture. 

(i)    Authorization of the Indenture. The Indenture has been duly authorized by the Company and the
Guarantors and, at the Closing Date, will have been duly executed and delivered by the Company and the Guarantors and will constitute a valid and binding agreement of the Company and the Guarantors, enforceable against the Company and the Guarantors
in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable
principles.
 (j)    Description of the Transaction Documents. The Transaction Documents will conform in
all material respects to the respective statements relating thereto contained in the Offering Memorandum. 

(k)    No Material Adverse Change. Except as otherwise disclosed in the Offering Memorandum (exclusive of
any amendment or supplement thereto), subsequent to the respective dates as of which information is given in the Offering Memorandum (exclusive of any amendment or supplement thereto): (i) there has been no material adverse change, or any
development that could reasonably be expected to result in a material adverse change, on (x) the business, condition (financial or otherwise), results of operations or prospects of the Company and its subsidiaries, taken as a whole, or
(y) the consummation of the transactions contemplated by the Pricing Disclosure Package or the Final Offering Memorandum (any such change is called a “Material Adverse Change”); (ii) the Company and its subsidiaries, considered
as one entity, have not incurred any material liability or obligation, indirect, direct or contingent, not in the ordinary course of business nor entered into any material transaction or agreement not in the ordinary course of business; and
(iii) there has been no dividend or distribution of any kind declared, paid or made by the Company or, except for dividends paid to the Company or other subsidiaries, any of its subsidiaries on any class of capital stock or other ownership
interest or repurchase or redemption by the Company or any of its subsidiaries of any class of capital stock. 

(l)    Independent Accountants for the Company. Ernst & Young LLP, independent registered public
accounting firm for the Company and the Guarantors, which has expressed its opinions with respect to the financial statements (which term as used in this Agreement includes the related notes thereto) and supporting schedules of the Company
incorporated by reference in the Offering Memorandum, is an independent registered public accounting firm within the meaning of the Securities Act, the Exchange Act and the rules of the Public Company Accounting Oversight Board, and any non-audit services provided by Ernst & Young LLP to the Company or any of the Guarantors have been approved by the Audit Committee of the Board of Directors of the Company. 

(m)    [Reserved] 

  
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 (n)    Preparation of the Financial Statements and Financial
Information. The financial statements of the Company, together with the related schedules and notes, incorporated by reference in the Offering Memorandum present fairly in all material respects the consolidated financial position of the entities
to which they relate as of and at the dates indicated and the results of their operations and cash flows for the periods specified. Such financial statements have been prepared in conformity with generally accepted accounting principles as applied
in the United States (“GAAP”) applied on a consistent basis throughout the periods involved, except as may be expressly stated in the related notes thereto. The financial data set forth in the Offering Memorandum under the captions
“Summary–Summary of Selected Financial Data” and “Selected Financial Data” fairly present in all material respects the information set forth therein on a basis consistent with that of the audited financial statements
contained in the Offering Memorandum. The statistical and market-related data and forward-looking statements included in the Offering Memorandum are based on or derived
from sources that the Company and its subsidiaries believe to be reliable and accurate in all material respects and represent their good faith estimates that are made on the basis of data derived from such sources. The interactive data in eXtensible
Business Reporting Language incorporated by reference in the Offering Memorandum and the Pricing Disclosure Package fairly present the information called for in all material respects and have been prepared in accordance with the Commission’s
rules and guidelines applicable thereto. 
 (o)    Incorporation and Good Standing of the Company and its
Guarantors. Each of the Company and the Guarantors has been duly incorporated or formed, as applicable, and is validly existing as a corporation, limited partnership or limited liability company, as applicable, in good standing under the
laws of the jurisdiction of its incorporation or formation, as applicable, and has corporate, partnership or limited liability company, as applicable, power and authority to own, lease and operate its properties and to conduct its business as
described in the Offering Memorandum and to enter into and perform its obligations under each of the Transaction Documents to which it is a party. Each of the Company and each Guarantor is duly qualified as a foreign corporation, limited partnership
or limited liability company, as applicable, to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for
such jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the aggregate, result in a Material Adverse Change. All of the issued and outstanding capital stock or other ownership interest of each
Guarantor has been duly authorized and validly issued, is fully paid and nonassessable and is owned by the Company, directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or claim, except as
disclosed in the Offering Memorandum. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in Exhibit B hereto. All of the Company’s subsidiaries that
are not also Guarantors are dormant non-operating subsidiaries with no operations or assets and such subsidiaries are, individually and in the aggregate with all other
non-Guarantor subsidiaries, immaterial to the Company. 

(p)    Capitalization and Other Capital Stock Matters. At March 31, 2019, on a consolidated basis, after
giving pro forma effect to the issuance and sale of the Securities pursuant hereto, the Company would have an authorized and outstanding capitalization as set forth in the Offering Memorandum under the heading “As Adjusted” in the section
entitled “Capitalization” (other than for subsequent issuances of capital stock, if any, pursuant to employee benefit plans described in the Offering Memorandum or upon exercise of outstanding options described in the Offering Memorandum).
All of the outstanding shares of common stock of the Company (the “Common Stock”) have been duly authorized and validly issued, are fully paid and nonassessable and have been issued in compliance with federal and state securities
laws. None of the outstanding shares of Common Stock were issued in violation of any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase securities of the Company. There are no authorized or outstanding
options, warrants, preemptive rights, rights of first refusal or other rights to purchase, or equity or debt securities convertible into or exchangeable or 

  
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exercisable for, any capital stock of the Company or any of its subsidiaries other than those accurately described in the Offering Memorandum. The description of the Company’s stock option,
stock bonus and other stock plans or arrangements, and the options or other rights granted thereunder, in the Offering Memorandum accurately and fairly describes, in all material respects, such plans, arrangements, options and rights. 

(q)    Non-Contravention of Existing Instruments; No Further Authorizations or
Approvals Required. Neither the Company nor any of its subsidiaries is (i) in violation of its charter, bylaws or other constitutive document or (ii) in default (or, with the giving of notice or lapse of time, would be in
default) (“Default”) under any indenture, mortgage, loan or credit agreement, note, contract, franchise, lease or other instrument to which the Company or any of its subsidiaries is a party or by which it or any of them may be
bound (including, without limitation, (x) the indenture, dated as of May 5, 2014, as supplemented by the Supplemental Indenture, dated as of December 18, 2014, the Second Supplemental Indenture, dated as of March 13, 2015,
the Third Supplemental Indenture, dated as of April 9, 2015, the Fourth Supplemental Indenture, dated as of August 27, 2015, the Fifth Supplemental Indenture, dated as of November 8, 2016, the Sixth Supplemental Indenture, dated as of
January 26, 2017, the Seventh Supplemental Indenture, dated as of October 17, 2017, and the Eighth Supplemental Indenture, dated as of June 21, 2018, (y) the indenture, dated as of May 12, 2017, as supplemented by the First
Supplemental Indenture, dated as of October 17, 2017, and the Second Supplemental Indenture, dated as of June 21, 2018 (as supplemented, the “Existing 2017 Indenture”), and (z) the Company’s Amended and Restated
Credit Agreement, dated June 5, 2018, as amended and/or supplemented by the Joinder Agreement, dated as of June 28, 2018, and the Commitment Increase and Joinder Agreement, dated as of February 12, 2019), or to which any of the
property or assets of the Company or any of its subsidiaries is subject (each, an “Existing Instrument”), except, in the case of clause (ii) above, for such Defaults as would not, individually or in the aggregate, result in a
Material Adverse Change. The execution, delivery and performance of the Transaction Documents by the Company and the Guarantors party thereto, and the issuance and delivery of the Securities and the Exchange Securities, and consummation of the
transactions contemplated hereby and thereby and by the Offering Memorandum (i) have been duly authorized by all necessary corporate or other action and will not result in any violation of the provisions of the charter, bylaws or other
constitutive document of the Company or any subsidiary, (ii) will not conflict with or constitute a breach of, or Default or a Debt Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any lien, charge
or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to, or require the consent of any other party to, any Existing Instrument, except for such conflicts, breaches, Defaults, liens, charges or encumbrances as
would not, individually or in the aggregate, result in a Material Adverse Change and (iii) will not result in any violation of any law, administrative regulation or administrative or court decree applicable to the Company or any subsidiary,
except for such violations as would not, individually or in the aggregate, result in a Material Adverse Change. No consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or regulatory
authority or agency is required for the execution, delivery and performance of the Transaction Documents by the Company and the Guarantors to the extent a party thereto, or the issuance and delivery of the Securities or the Exchange Securities, or
consummation of the transactions contemplated hereby and thereby and by the Offering Memorandum, except such as have been obtained or made by the Company and the Guarantors and are in full force and effect under the Securities Act, under applicable
securities laws of the several states of the United States or provinces of Canada and except such as may be required by the federal securities laws or the securities laws of the several states of the United States or provinces of Canada with respect
to the Company’s obligations under the Registration Rights Agreement. As used herein, a “Debt Repayment Triggering Event” means any event or condition which gives, or with the giving of notice or lapse of time would give, the
holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its
subsidiaries. 

  
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 (r)    No Material Actions or Proceedings. Other than as
described in the Pricing Disclosure Package and the Final Offering Memorandum, there are no legal or governmental actions, suits or proceedings pending or, to the Company’s and the Guarantors’ knowledge, threatened (i) against or
affecting the Company or any of its subsidiaries or (ii) which has as the subject thereof any property owned or leased by, the Company or any of its subsidiaries and which (in the case of clauses (i) or (ii)), if determined adversely to
the Company or such subsidiary, would result in a Material Adverse Change or adversely affect the consummation of the transactions contemplated by this Agreement. No material labor dispute with the employees of the Company or any of its subsidiaries
exists or, to the Company’s and the Guarantors’ knowledge, is threatened or imminent. 

(s)    Intellectual Property Rights. The Company and its subsidiaries own or possess sufficient trademarks,
trade names, patent rights, copyrights, licenses, approvals, trade secrets and other similar rights (collectively, “Intellectual Property Rights”) reasonably necessary to conduct their businesses as now conducted; and the expected
expiration of any of such Intellectual Property Rights would not result in a Material Adverse Change. Neither the Company nor any of its subsidiaries has received any notice of infringement or conflict with asserted Intellectual Property Rights of
others, which infringement or conflict, if the subject of an unfavorable decision, would result in a Material Adverse Change. 

(t)    All Necessary Permits, etc. The Company and each subsidiary possess such valid and current
certificates, authorizations or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to own, lease and operate its properties and to conduct their respective businesses, except to the extent that any
failure to have such certificates, authorizations or permits would reasonably be expected, singly or in the aggregate, to result in a Material Adverse Change. Neither the Company nor any subsidiary has received any notice of proceedings relating to
the revocation or modification of, or non-compliance with, any such certificate, authorization or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would
result in a Material Adverse Change. 
 (u)    Title to Properties. The Company and each of its
subsidiaries has good legal, valid and defensible title to all the properties and assets reflected as owned in the financial statements referred to in Section 1(l) hereof (or elsewhere in the Offering Memorandum), in each case free and clear of
any security interests, mortgages, liens, encumbrances, equities, claims and other defects, except as (i) disclosed in the Offering Memorandum and (ii) such as do not materially and adversely affect the value of such property, do not
materially interfere with the use made or proposed to be made of such property by the Company or such subsidiary, or would not otherwise result in a Material Adverse Change. The real property, improvements, equipment and personal property held under
lease by the Company or any subsidiary are held under valid and enforceable leases, with such exceptions as are not material and do not materially interfere with the use made or proposed to be made of such real property, improvements, equipment or
personal property by the Company or such subsidiary, and except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by
general equitable principles. 
 (v)    Tax Law Compliance. Except where such failure to file or pay an
assessment, fine or penalty would not in the aggregate reasonably be expected, individually or in the aggregate, to result in a Material Adverse Change or where such matters have been properly extended or are the result of a pending bona fide
dispute with taxing authorities, the Company and its consolidated subsidiaries have filed all necessary federal, state and foreign income and franchise tax returns or have properly requested extensions thereof and have paid all taxes required to be
paid by any of them and, if due and payable, any related or similar assessment, fine or penalty levied against any of them. The Company has 

  
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made adequate charges, accruals and reserves in accordance with GAAP in the applicable financial statements referred to in Section 1(m) hereof in respect of all federal, state and foreign
income and franchise taxes for all periods as to which the tax liability of the Company or any of its consolidated subsidiaries has not been finally determined. 

(w)    Company and Guarantors Not an “Investment Company.” The Company has
been advised of the rules and requirements under the Investment Company Act of 1940, as amended (the “Investment Company Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder).
Neither the Company nor any Guarantor is, or after receipt of payment for the Securities will be, an “investment company” within the meaning of the Investment Company Act and will conduct its business in a manner so that it will not become
subject to the Investment Company Act. 
 (x)    Insurance. Each of the Company and its subsidiaries are insured
by recognized and, to the knowledge of the Company and the Guarantors, financially sound institutions with policies in such amounts and with such deductibles and covering such risks as they reasonably believe are generally deemed adequate and
customary for their businesses including, without limitation, to the extent that they reasonably so believe, policies covering real and personal property owned or leased by the Company and its subsidiaries against theft, damage, destruction, acts of
vandalism, flood and earthquakes. The Company has no reason to believe that it or any subsidiary will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from
similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not result in a Material Adverse Change. During the past two years, to the Company’s and the Guarantors’ knowledge,
neither the Company nor any subsidiary has been denied any insurance coverage which it has sought or for which it has applied. 

(y)    [Reserved] 

(z)    No Price Stabilization or Manipulation. None of the Company or any of the Guarantors has taken or
will take, directly or indirectly, any action designed to or that might be reasonably expected to cause or result in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Securities. 

(aa)    Solvency. Each of the Company and the Guarantors is, and immediately after the Closing Date will be,
Solvent. As used herein, the term “Solvent” means, with respect to any person on a particular date, that on such date (i) the fair market value of the assets of such person is greater than the total amount of liabilities
(including contingent liabilities) of such person, (ii) the present fair salable value of the assets of such person is greater than the amount that will be required to pay the probable liabilities of such person on its debts as they become
absolute and matured, (iii) such person is able to realize upon its assets and pay its debts and other liabilities, including contingent obligations, as they mature and (iv) such person does not have unreasonably small capital. 

(bb)    Company’s Accounting System. The Company and its subsidiaries maintain systems of “internal
control over financial reporting” (as defined in Rule 13a-15(f) of the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their
respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with GAAP. The Company and its subsidiaries maintain a system of accounting controls that is sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management’s general or
specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in 

  
 9 

 
conformity with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; (iv) the
recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and (v) the interactive data in eXtensible Business Reporting Language included or
incorporated by reference in the Offering Memorandum and the Pricing Disclosure Package fairly present the information called for in all material respects and are prepared in accordance with the Commission’s rules and guidelines applicable
thereto. 
 (cc)    Disclosure Controls and Procedures. The Company has established and maintains disclosure
controls and procedures (as such term is defined in Rules 13a-15 and 15d-15 under the Exchange Act); such disclosure controls and procedures are designed to ensure that
material information relating to the Company and its subsidiaries is made known to the chief executive officer and chief financial officer of the Company by others within the Company or any of its subsidiaries, and such disclosure controls and
procedures are reasonably effective to perform the functions for which they were established subject to the limitations of any such control system; the Company’s auditors and the Audit Committee of the Board of Directors of the Company have
been advised of: (i) any significant deficiencies or material weaknesses in the design or operation of internal controls which could adversely affect the Company’s ability to record, process, summarize, and report financial data; and
(ii) any fraud, whether or not material, that involves management or other employees who have a role in the Company’s internal controls; and since the date of the most recent evaluation of such disclosure controls and procedures, there
have been no significant changes in internal controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses. 

(dd)    Regulations T, U, X. Neither the Company nor any Guarantor nor any of their respective subsidiaries nor
any agent thereof acting on their behalf has taken, and none of them will take, any action that might cause this Agreement or the issuance or sale of the Securities to violate Regulation T, Regulation U or Regulation X of the Board of Governors of
the Federal Reserve System. 
 (ee)    Compliance with and Liability Under Environmental Laws. Except as would
not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change: (i) each of the Company and its subsidiaries and their respective operations and facilities are in compliance with, and not subject to any
known liabilities under, applicable Environmental Laws, which compliance includes, without limitation, having obtained and being in compliance with any permits, licenses or other governmental authorizations or approvals, and having made all filings
and provided all financial assurances and notices, required for the ownership and operation of the business, properties and facilities of the Company or its subsidiaries under applicable Environmental Laws, and compliance with the terms and
conditions thereof; (ii) neither the Company nor any of its subsidiaries has received any written communication, whether from a governmental authority, citizens group, employee or otherwise, that alleges that the Company or any of its
subsidiaries is in violation of any Environmental Law; (iii) there is no claim, action or cause of action filed with a court or governmental authority, no investigation with respect to which the Company has received written notice, and no
written notice by any person or entity alleging actual or potential liability on the part of the Company or any of its subsidiaries based on or pursuant to any Environmental Law pending or, to the best of the Company’s and the Guarantors’
knowledge, threatened against the Company or any of its subsidiaries or any person or entity whose liability under or pursuant to any Environmental Law the Company or any of its subsidiaries has retained or assumed either contractually or by
operation of law; (iv) neither the Company nor any of its subsidiaries is conducting or paying for, in whole or in part, any investigation, response or other corrective action pursuant to any Environmental Law at any site or facility, nor is
any of them subject or a party to any order, judgment, decree, contract or agreement which imposes any obligation or liability under any Environmental Law; (v) no lien, charge, encumbrance or restriction has been recorded pursuant to any
Environmental 

  
 10 

 
Law with respect to any assets, facility or property owned, operated or leased by the Company or any of its subsidiaries; and (vi) there are no past or present actions, activities,
circumstances, conditions or occurrences, including, without limitation, the Release or threatened Release of any Material of Environmental Concern, that could reasonably be expected to result in a violation of or liability under any Environmental
Law on the part of the Company or any of its subsidiaries, including without limitation, any such liability which the Company or any of its subsidiaries has retained or assumed either contractually or by operation of law. 

For purposes of this Agreement, “Environment” means ambient air, indoor air, surface water, groundwater, drinking water,
soil, surface and subsurface strata, and natural resources such as wetlands, flora and fauna. “Environmental Laws” means the common law and all federal, state, local and foreign laws or regulations, ordinances, codes, orders,
decrees, judgments and injunctions issued, promulgated or entered thereunder, relating to pollution or protection of the Environment or human health, including without limitation, those relating to (i) the Release or threatened Release of
Materials of Environmental Concern; and (ii) the manufacture, processing, distribution, use, generation, treatment, storage, transport, handling or recycling of Materials of Environmental Concern. “Materials of Environmental
Concern” means any substance, material, pollutant, contaminant, chemical, waste, compound, or constituent, in any form, including without limitation, petroleum and petroleum products, subject to regulation or which can give rise to
liability under any Environmental Law. “Release” means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection or leaching into the Environment, or into, from or through
any building, structure or facility. 
 (ff)    Periodic Review of Costs of Environmental Compliance. In
the ordinary course of its business, the Company conducts a periodic review of the effect of Environmental Laws on the business, operations and properties of the Company and its subsidiaries, in the course of which it identifies and evaluates
associated costs and liabilities (including, without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license
or approval, any related constraints on operating activities and any potential liabilities to third parties). On the basis of such review and the amount of its established reserves, if any, the Company has reasonably concluded that such associated
costs and liabilities would not, individually or in the aggregate, result in a Material Adverse Change. 

(gg)    ERISA Compliance. Each “employee benefit plan” (as defined under the Employee Retirement
Income Security Act of 1974 (as amended, “ERISA,” which term, as used herein, includes the regulations and published interpretations thereunder)) established, maintained, contributed to or required to be contributed to by the
Company, its subsidiaries or their ERISA Affiliates (as defined below) (each, a “Benefit Plan”) is in compliance in all material respects with ERISA. “ERISA Affiliate” means, with respect to the Company or a
subsidiary, any member of any group of organizations described in Section 414 of the Internal Revenue Code of 1986 (as amended, the “Code,” which term, as used herein, includes the regulations and published interpretations
thereunder) of which the Company or such subsidiary is a member. No non-exempt “reportable event” (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any Benefit
Plan. No “single employer plan” (as defined in Section 4001 of ERISA) established or maintained by the Company, its subsidiaries or any of their ERISA Affiliates, if such “employee benefit plan” were terminated, would have
any “unfunded benefit liabilities” (as defined under ERISA). Neither the Company, its subsidiaries nor any of their ERISA Affiliates has incurred or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to
termination of, or withdrawal from, any Benefit Plan or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each Benefit Plan that is intended to be qualified under Section 401 of the Code is subject to a favorable determination letter
issued by the Internal Revenue Service providing that such plan is so qualified and nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification. 

  
 11 

 (hh)    Compliance with Labor Laws. Except as would not,
individually or in the aggregate, result in a Material Adverse Change, (i) there is (A) no unfair labor practice complaint pending or, to the best of the Company’s and the Guarantors’ knowledge, threatened against the Company or
any of its subsidiaries before the National Labor Relations Board, and no grievance or arbitration proceeding arising out of or under collective bargaining agreements pending, or to the best of the Company’s and the Guarantors’ knowledge,
threatened, against the Company or any of its subsidiaries, (B) no strike, labor dispute, slowdown or stoppage pending or, to the best of the Company’s and the Guarantors’ knowledge, threatened against the Company or any of its
subsidiaries and (C) no union representation question existing with respect to the employees of the Company or any of its subsidiaries and, to the best of the Company’s and the Guarantors’ knowledge, no union organizing activities
taking place and (ii) there has been no violation of any federal, state or local law relating to discrimination in hiring, promotion or pay of employees or of any applicable wage or hour laws. 

(ii)    Related Party Transactions. No relationship, direct or indirect, exists between or among any of the
Company or any affiliate of the Company, on the one hand, and any director, officer, member, stockholder, customer or supplier of the Company or any affiliate of the Company, on the other hand, which is required by the Securities Act to be disclosed
in a registration statement on Form S-1 which is not so disclosed in the Offering Memorandum. There are no outstanding loans, advances (except advances for business expenses in the ordinary course of business)
or guarantees of indebtedness by the Company or any affiliate of the Company to or for the benefit of any of the officers or directors of the Company or any affiliate of the Company or any of their respective family members. 

(jj)    No Unlawful Contributions or Other Payments. Neither the Company nor any of its subsidiaries
nor, to the knowledge of the Company and the Guarantors, any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries is aware of or has taken any action, directly or indirectly, that would result in (i) a
violation by such persons of the FCPA or any applicable law or regulation implementing the OECD Convention, (ii) an offence by such persons under the Bribery Act, or (iii) a violation by such persons of any other applicable anti-bribery or
anti-corruption law, including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other
property, gift, promise to give, or authorization of the giving of anything of value to any foreign or domestic government official or employee, including of any government-owned or controlled entity or of a public international organization, or any
person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office, in contravention of the FCPA, the OECD Convention, the Bribery Act and any other applicable
anti-bribery or anti-corruption law, and the Company, its subsidiaries and, to the knowledge of the Company and the Guarantors, its affiliates have conducted their businesses in compliance with all applicable anti-bribery and anti-corruption laws
and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. 

“FCPA” means Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. 

“OECD Convention” means OECD Convention on Combating Bribery of Foreign Public Officials in International Business
Transactions. 
 “Bribery Act” means Bribery Act 2010 of the United Kingdom. 

(kk)    No Default in Senior Indebtedness. No event of default exists under any contract, indenture, mortgage,
loan agreement, note, lease or other agreement or instrument constituting senior Indebtedness (as defined in the Existing 2017 Indenture). 

  
 12 

 (ll)    No Conflict with Money Laundering Laws. The operations
of the Company and its subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the Money
Laundering Control Act of 1986, as amended, any other money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any
governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries
with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company and the Guarantors, threatened. 

(mm)    No Conflict with Sanctions Laws. Neither the Company nor any of its subsidiaries nor, to the knowledge of
the Company and the Guarantors, any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries or other person associated with or acting on behalf of the Company or any of its subsidiaries is currently subject to any
sanctions administered by the U.S. government (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of Treasury (“OFAC”), the U.S. Department of Commerce, or the U.S. Department of State and
including, without limitation, the designation as a “specially designated national” or “blocked person”), the United Nations Security Council (“UNSC”), the European Union, Her Majesty’s Treasury
(“HMT”) or other relevant sanctions authority (collectively, “Sanctions”), nor is the Company or any of its subsidiaries located, organized or resident in a country or territory that is the subject of Sanctions,
including, without limitation, Cuba, Iran, North Korea, Syria and Crimea (each, a “Sanctioned Country”). The Company will not, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available
such proceeds to any subsidiary, joint venture partner or other person, (i) to fund any activities of or business with any person that, at the time of such funding, is the subject of Sanctions, or any Sanctioned Country or in any other country
or territory, that, at the time of such funding, is the subject of Sanctions, or (ii) in any other manner that will result in a violation by any person (including any person participating in the offering, whether as underwriter, advisor,
investor or otherwise) of Sanctions. For the past five years, the Company and its subsidiaries have not knowingly engaged in and are not now knowingly engaged in any dealings or transactions with any person that at the time of the dealing or
transaction is or was the subject or the target of Sanctions or with any Sanctioned Country. 
 (nn)    Stock
Options. No stock options have been granted pursuant to the stock-based compensation plans of the Company and its subsidiaries or otherwise. 

(oo)    Regulation S. The Company, the Guarantors and their respective affiliates and all persons acting on their
behalf (other than the Initial Purchasers, as to whom the Company and the Guarantors make no representation) have complied with and will comply with the offering restrictions requirements of Regulation S in connection with the offering of the
Securities outside the United States and, in connection therewith, the Offering Memorandum will contain the disclosure required by Rule 902. The Securities sold in reliance on Regulation S will be represented upon issuance by a temporary global
security that may not be exchanged for definitive securities until the expiration of the 40-day restricted period referred to in Rule 903 of the Securities Act and only upon certification of beneficial
ownership of such Securities by non-U.S. persons or U.S. persons who purchased such Securities in transactions that were exempt from the registration requirements of the Securities Act. 

(pp)    Incorporated Documents. The documents incorporated or deemed to be incorporated by reference in the
Offering Memorandum at the time they were or hereafter are filed with the Commission (collectively, the “Incorporated Documents”) complied and will comply in all material respects with the requirements of the Exchange Act. Each such
Incorporated Document, when taken together with the Pricing Disclosure Package, did not as of the Time of Sale, and at the Closing 

  
 13 

 
Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading. 
 (qq)    Compliance with Sarbanes-Oxley. The Company and its subsidiaries and,
to the knowledge of the Company, their respective officers and directors are, and at all times have been, in all material respects with the provisions of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated thereunder that are
effective and applicable to the Company or such person as an officer or director of the Company. 

(rr)    Cybersecurity; Data Protection. The Company and its subsidiaries’ information technology assets and
equipment, computers, systems, networks, hardware, software, websites, applications, and databases (collectively, “IT Systems”) are adequate for, and operate and perform in all material respects as required in connection with the operation
of the business of the Company and its subsidiaries as currently conducted, free and clear of all material bugs, errors, defects, Trojan horses, time bombs, malware and other corruptants. The Company and its subsidiaries have implemented and
maintained commercially reasonable controls, policies, procedures, and safeguards to maintain and protect their material confidential information and the integrity, continuous operation, redundancy and security of all IT Systems and data (including
all personal, personally identifiable, sensitive, confidential or regulated data (“Personal Data”)) used in connection with their businesses, and there have been no breaches, violations, outages or unauthorized uses of or accesses to same,
except for those that have been remedied without material cost or liability or the duty to notify any other person, nor any incidents under internal review or investigations relating to the same.    The Company and its
subsidiaries are presently in material compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations
relating to the privacy and security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification. 

Any certificate signed by an officer of the Company or any Guarantor and delivered to the Initial Purchasers or to counsel for the Initial
Purchasers shall be deemed to be a representation and warranty by the Company or such Guarantor to each Initial Purchaser as to the matters set forth therein. 

SECTION 2.    Purchase, Sale and Delivery of the Securities. 

(a)    The Securities. Each of the Company and the Guarantors agrees to issue and sell to the Initial
Purchasers, severally and not jointly, all of the Securities, and, subject to the conditions set forth herein, the Initial Purchasers agree, severally and not jointly, to purchase from the Company and the Guarantors the aggregate principal amount of
Securities set forth opposite their names on Schedule A, at a purchase price of 99.0% of the principal amount thereof, plus accrued interest from May 23, 2019, payable on the Closing Date, in each case, on the basis of the representations,
warranties and agreements herein contained, and upon the terms herein set forth. 
 (b)    The Closing
Date. Delivery of certificates for the Securities in definitive form to be purchased by the Initial Purchasers and payment therefor shall be made at the offices of Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, New
York 10017 (or such other place as may be agreed to by the Company and the Representative) at 9:00 a.m. New York City time, on May 23, 2019, or such other time and date as the Representative shall designate by notice to the Company (the time
and date of such closing are called the “Closing Date”). The Company hereby acknowledges that circumstances under which the Representative may provide notice to postpone the Closing Date as originally scheduled

  
 14 

 
include, but are in no way limited to, any determination by the Company or the Initial Purchasers to recirculate to investors copies of an amended or supplemented Offering Memorandum or a delay
as contemplated by the provisions of Section 17 hereof. 
 (c)    Delivery of the Securities. The
Company shall deliver, or cause to be delivered, to the Representative for the accounts of the several Initial Purchasers certificates for the Notes at the Closing Date against the irrevocable release of a wire transfer of immediately available
funds for the amount of the purchase price therefor. The certificates for the Securities shall be in such denominations and registered in the name of Cede & Co., as nominee of the Depositary, pursuant to the DTC Agreement, and shall be made
available for inspection on the business day preceding the Closing Date at a location in New York City, as the Representative may designate. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further
condition to the obligations of the Initial Purchasers. 
 (d)    Initial Purchasers as Qualified Institutional
Buyers. Each Initial Purchaser severally and not jointly represents and warrants to, and agrees with, the Company that: 

(i)    it will offer and sell Securities only to (a) persons who it reasonably believes are
“qualified institutional buyers” within the meaning of Rule 144A (“Qualified Institutional Buyers”) in transactions meeting the requirements of Rule 144A or (b) upon the terms and conditions set forth in Annex
I to this Agreement; and 
 (ii)    it is an institutional “accredited investor” within
the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 
 SECTION 3.    Additional
Covenants. Each of the Company and the Guarantors further covenants and agrees with each Initial Purchaser as follows: 

(a)    Preparation of Final Offering Memorandum; Initial Purchasers’ Review of Proposed Amendments
and Supplements and Company Additional Communications. As promptly as practicable following the Time of Sale and in any event not later than the second business day following the date hereof, the Company will prepare and deliver to the
Initial Purchasers the Final Offering Memorandum, which shall consist of the Preliminary Offering Memorandum as modified only by the information contained in the Pricing Supplement. The Company will not amend or supplement the Preliminary Offering
Memorandum or the Pricing Supplement. The Company will not amend or supplement the Final Offering Memorandum prior to the Closing Date unless the Representative shall previously have been furnished a copy of the proposed amendment or supplement at
least two business days prior to the proposed use or filing, and shall not have objected to such amendment or supplement. Before making, preparing, using, authorizing, approving or distributing any Company Additional Communication, the Company will
furnish to the Representative a copy of such written communication for review and will not make, prepare, use, authorize, approve or distribute any such written communication to which the Representative reasonably objects. 

(b)    Amendments and Supplements to the Final Offering Memorandum and Other Securities Act Matters. If at any
time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Pricing Disclosure Package as then amended or supplemented would include any untrue statement of a material fact or omit to state
any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Pricing Disclosure Package to comply
with law, the Company and the Guarantors will immediately notify the Initial Purchasers thereof and forthwith prepare and (subject to Section 3(a) hereof) furnish to the Initial Purchasers such 

  
 15 

 
amendments or supplements to any of the Pricing Disclosure Package as may be necessary so that the statements in any of the Pricing Disclosure Package as so amended or supplemented will not, in
the light of the circumstances under which they were made, be misleading or so that any of the Pricing Disclosure Package will comply with all applicable law. If, prior to the completion of the placement of the Securities by the Initial Purchasers
with the Subsequent Purchasers, any event shall occur or condition exist as a result of which it is necessary to amend or supplement the Final Offering Memorandum, as then amended or supplemented, in order to make the statements therein, in the
light of the circumstances when the Final Offering Memorandum is delivered to a Subsequent Purchaser, not misleading, or if in the judgment of the Representative or counsel for the Initial Purchasers it is otherwise necessary to amend or supplement
the Final Offering Memorandum to comply with law, the Company and the Guarantors agree to promptly prepare (subject to Section 3(a) hereof), and furnish at its own expense to the Initial Purchasers, amendments or supplements to the Final
Offering Memorandum so that the statements in the Final Offering Memorandum as so amended or supplemented will not, in the light of the circumstances at the Closing Date and at the time of sale of Securities, be misleading or so that the Final
Offering Memorandum, as amended or supplemented, will comply with all applicable law. 
 Following the consummation of the Exchange Offer
or the effectiveness of an applicable shelf registration statement and for so long as the Securities are outstanding, if, in the judgment of the Representative, the Initial Purchasers or any of their affiliates (as such term is defined in the
Securities Act) are required to deliver a prospectus in connection with sales of the Securities, the Company and the Guarantors agree to periodically amend the applicable registration statement so that the information contained therein complies with
the requirements of Section 10 of the Securities Act, to amend the applicable registration statement or supplement the related prospectus or the documents incorporated therein when necessary to reflect any material changes in the information
provided therein so that the registration statement and the prospectus will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances
existing as of the date the prospectus is so delivered, not misleading and to provide the Initial Purchasers with copies of each amendment or supplement filed and such other documents as the Initial Purchasers may reasonably request. 

The Company hereby expressly acknowledges that the indemnification and contribution provisions of Sections 8 and 9 hereof are
specifically applicable and relate to each offering memorandum, registration statement, prospectus, amendment or supplement referred to in this Section 3. 

(c)    Copies of the Offering Memorandum. The Company agrees to furnish the Initial Purchasers, without
charge, as many copies of the Pricing Disclosure Package and the Final Offering Memorandum and any amendments and supplements thereto as they shall reasonably request. 

(d)    Blue Sky Compliance. Each of the Company and the Guarantors shall cooperate with the Representative
and counsel for the Initial Purchasers to qualify or register (or to obtain exemptions from qualifying or registering) all or any part of the Securities for offer and sale under the securities laws of the several states of the United States, the
provinces of Canada or any other jurisdictions designated by the Representative, shall comply with such laws and shall continue such qualifications, registrations and exemptions in effect so long as required for the distribution of the Securities.
None of the Company or any of the Guarantors shall be required to qualify as a foreign corporation or to take any action that would subject it to general service of process in any such jurisdiction where it is not presently qualified or where it
would be subject to taxation as a foreign corporation. The Company will advise the Representative promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Securities for offering, sale or trading in
any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, each of the Company and the Guarantors shall use its best
efforts to obtain the withdrawal thereof at the earliest possible moment. 

  
 16 

 (e)    Use of Proceeds. The Company shall apply the net
proceeds from the sale of the Notes sold by it in the manner described under the caption “Use of Proceeds” in the Pricing Disclosure Package. 

(f)    The Depositary. The Company will cooperate with the Initial Purchasers and use its best efforts to permit
the Securities to be eligible for clearance and settlement through the facilities of the Depositary. 

(g)    Additional Issuer Information. At any time when the Company is not subject to Section 13 or 15
of the Exchange Act, for the benefit of holders and beneficial owners from time to time of the Securities, the Company shall furnish, at its expense, upon request, to holders and beneficial owners of Securities and prospective purchasers of
Securities information (“Additional Issuer Information”) satisfying the requirements of Rule 144A(d). 

(h)    Agreement Not to Offer or Sell Additional Securities. During the period of 180 days following the
date hereof, the Company will not, without the prior written consent of the Representative (which consent may be withheld at the sole discretion of the Representative), directly or indirectly, sell, offer, contract or grant any option to sell,
pledge, transfer or establish an open “put equivalent position” within the meaning of Rule 16a-1 under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any
registration statement under the Securities Act in respect of, any debt securities of the Company or securities exchangeable for or convertible into debt securities of the Company (other than as contemplated by this Agreement and to register the
Exchange Securities). 
 (i)    Future Reports to the Initial Purchasers. At any time when the Company is
not subject to Section 13 or 15 of the Exchange Act and any Securities or Exchange Securities remain outstanding, the Company will furnish, upon request, to the Representative and to each of the other Initial Purchasers: (i) as soon as
practicable after the end of each fiscal year, copies of the Annual Report of the Company containing the balance sheet of the Company as of the close of such fiscal year and statements of income, stockholders’ equity and cash flows for the year
then ended and the opinion thereon of the Company’s independent public or certified public accountants; (ii) as soon as practicable after the filing thereof, copies of each proxy statement, Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other report filed by the Company with the Commission, the Financial
Industry Regulatory Authority (“FINRA”) or any securities exchange; and (iii) as soon as available, copies of any report or communication of the Company mailed generally to holders of its capital stock or debt securities
(including the holders of the Securities), if, in each case, such documents are not filed with the Commission within the time periods specified by the Commission’s rules and regulations under Section 13 or 15 of the Exchange Act. 

(j)    No Integration. The Company agrees that it will not and will cause its Affiliates not to make any
offer or sale of securities of the Company of any class if, as a result of the doctrine of “integration” referred to in Rule 502 under the Securities Act, such offer or sale would render invalid (for the purpose of (i) the sale of the
Securities by the Company to the Initial Purchasers, (ii) the resale of the Securities by the Initial Purchasers to Subsequent Purchasers or (iii) the resale of the Securities by such Subsequent Purchasers to others) the exemption from the
registration requirements of the Securities Act provided by Section 4(a)(2) thereof or by Rule 144A or by Regulation S thereunder or otherwise. 

  
 17 

 (k)    No General Solicitation or Directed Selling Efforts. The
Company agrees that it will not and will not permit any of its Affiliates or any other person acting on its or their behalf (other than the Initial Purchasers, as to which no covenant is given) to (i) solicit offers for, or offer or sell, the
Securities (A) by means of any General Solicitation or (B) in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act or (ii) engage in any directed selling efforts with respect to the
Securities within the meaning of Regulation S, and the Company will and will cause all such persons to comply with the offering restrictions requirement of Regulation S with respect to the Securities. 

(l)    No Restricted Resales. The Company will not, and will not permit any of its Affiliates to resell any of the
Notes that have been reacquired by any of them, except for notes purchased by the Company or any of its Affiliates and resold in a transaction registered under the Securities Act. 

(m)    Legended Securities. Each certificate for a Security will bear the legend contained in “Transfer
Restrictions” in the Preliminary Offering Memorandum for the time period and upon the other terms stated in the Preliminary Offering Memorandum. 

(n)    Tender Offer. On the Closing Date, the Company will accept for purchase any and all of the 2022 Notes that
are validly tendered (and not withdrawn) on or prior to the tender deadline of the Tender Offer and settle the Tender Offer. 
 The
Representative on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance. 

SECTION 4.    Payment of Expenses. Each of the Company and the Guarantors agrees to pay all costs, fees and
expenses incurred in connection with the performance of its obligations hereunder and in connection with the transactions contemplated hereby, including, without limitation, (i) all expenses incident to the issuance and delivery of the
Securities (including all printing and engraving costs), (ii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities to the Initial Purchasers, (iii) all fees and expenses of the
Company’s and the Guarantors’ counsel, independent public or certified public accountants and other advisors, (iv) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the
Pricing Disclosure Package and the Final Offering Memorandum (including financial statements and exhibits), and all amendments and supplements thereto, and the Transaction Documents, (v) all filing fees, attorneys’ fees and expenses
incurred by the Company, the Guarantors or the Initial Purchasers in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the Securities for offer and sale under the
securities laws of the several states of the United States, the provinces of Canada or other jurisdictions designated by the Initial Purchasers (including, without limitation, the cost of preparing, printing and mailing preliminary and final blue
sky or legal investment memoranda and any related supplements to the Pricing Disclosure Package or the Final Offering Memorandum), (vi) the fees and expenses of the Trustee, including the fees and disbursements of counsel for the Trustee in
connection with the Indenture, the Securities and the Exchange Securities, (vii) any fees payable in connection with the rating of the Securities or the Exchange Securities with the ratings agencies, (viii) any filing fees incident to, and
any reasonable fees and disbursements of counsel to the Initial Purchasers in connection with the review by FINRA, if any, of the terms of the sale of the Securities or the Exchange Securities, (ix) all fees and expenses (including reasonable
fees and expenses of counsel) of the Company and the Guarantors in connection with approval of the Securities by the Depositary for “book-entry” transfer, and the performance by the Company and the Guarantors of their respective other
obligations under this Agreement, and (x) all expenses incident to the “road show” for 

  
 18 

 
the offering of the Securities, including the cost of any chartered airplane or other transportation. Except as provided in this Section 4 and Sections 6, 8 and 9 hereof, the Initial
Purchasers shall pay their own expenses, including the fees and disbursements of their counsel. 
 SECTION
5.    Conditions of the Obligations of the Initial Purchasers. The obligations of the several Initial Purchasers to purchase and pay for the Securities as provided herein on the Closing Date shall be subject to the
accuracy of the representations and warranties on the part of the Company and the Guarantors set forth in Section 1 hereof as of the date hereof and as of the Closing Date as though then made and to the timely performance by the Company and the
Guarantors of their covenants and other obligations hereunder, and to each of the following additional conditions: 

(a)    Accountants’ Comfort Letters. On the date hereof, the Initial Purchasers shall
have received from Ernst & Young LLP, the independent registered public accounting firm for the Company, a “comfort letter” dated the date hereof addressed to the Initial Purchasers, in form and substance satisfactory to the
Representative, covering the financial information of the Company in the Pricing Disclosure Package and other customary matters. In addition, on the Closing Date, the Initial Purchasers shall have received from such accountants a “bring-down
comfort letter” dated the Closing Date addressed to the Initial Purchasers, in form and substance satisfactory to the Representative, in the form of the “comfort letter” delivered on the date hereof, except that (i) it shall
cover the financial information of the Company in the Final Offering Memorandum and any amendment or supplement thereto and (ii) procedures shall be brought down to a date no more than 3 days prior to the Closing Date. 

(b)    [Reserved] 

(c)    No Material Adverse Change or Ratings Agency Change. For the period from and after the date of this
Agreement and prior to the Closing Date: 
 (i)    in the judgment of the Representative there shall
not have occurred any Material Adverse Change; and 
 (ii)    there shall not have occurred any
downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded the Company or any of its
subsidiaries or any of their securities or indebtedness by any “nationally recognized statistical rating organization” registered under Section 15E of the Exchange Act. 

(d)    Opinion of Counsel for the Company. On the Closing Date the Initial Purchasers shall have received
the written opinion of Greenberg Traurig, LLP, counsel for the Company, dated as of such Closing Date, in form and substance reasonably satisfactory to the Representative, substantially in the form of Exhibit A. 

(e)    Opinion of Counsel for the Initial Purchasers. On the Closing Date the Initial Purchasers shall have
received the favorable opinion of Davis Polk & Wardwell LLP, counsel for the Initial Purchasers, dated as of such Closing Date, with respect to such matters as may be reasonably requested by the Initial Purchasers. 

(f)    Officers’ Certificate. On the Closing Date the Initial Purchasers shall have received a written
certificate executed by the Chairman of the Board, Chief Executive Officer or President of the Company and each Guarantor and the Chief Financial Officer or Chief Accounting Officer of the Company and each Guarantor, dated as of the Closing Date, to
the effect set forth in Section 5(b)(ii) hereof, and further to the effect that: 

  
 19 

 (i)    for the period from and after the date of this
Agreement and prior to the Closing Date there has not occurred any Material Adverse Change; 

(ii)    the representations, warranties and covenants of the Company and the Guarantors set forth in
Section 1 hereof were true and correct as of the date hereof and are true and correct as of the Closing Date with the same force and effect as though expressly made on and as of the Closing Date; and 

(iii)    each of the Company and the Guarantors has complied with all the agreements and satisfied all
the conditions on its part to be performed or satisfied at or prior to the Closing Date. 
 (g)    Indenture;
Registration Rights Agreement. The Company and the Guarantors shall have executed and delivered the Indenture, in form and substance reasonably satisfactory to the Representative, and the Initial Purchasers shall have received executed
copies thereof. The Company and the Guarantors shall have executed and delivered the Registration Rights Agreement, in form and substance reasonably satisfactory to the Representative, and the Initial Purchasers shall have received such executed
counterparts. 
 (h)    Additional Documents. On or before the Closing Date, the Initial Purchasers and
counsel for the Initial Purchasers shall have received such information, documents and opinions as they may reasonably require for the purposes of enabling them to pass upon the issuance and sale of the Securities as contemplated herein, or in order
to evidence the accuracy of any of the representations and warranties, or the satisfaction of any of the conditions or agreements, herein contained. 

If any condition specified in this Section 5 is not satisfied when and as required to be satisfied, this Agreement may be terminated by
the Representative by notice to the Company at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any other party, except that Sections 4, 6, 8 and 9 hereof shall at all times be
effective and shall survive such termination. 
 SECTION 6.    Reimbursement of Initial
Purchasers’ Expenses. If this Agreement is terminated by the Representative pursuant to Section 5 or 10 hereof, including if the sale to the Initial Purchasers of the Securities on the Closing Date is not
consummated because of any refusal, inability or failure on the part of the Company to perform any agreement herein or to comply with any provision hereof, the Company agrees to reimburse the Initial Purchasers, severally, upon demand for all out-of-pocket expenses that shall have been reasonably incurred by the Initial Purchasers in connection with the proposed purchase and the offering and sale of the Securities,
including, without limitation, fees and disbursements of counsel, printing expenses, travel expenses, postage, facsimile and telephone charges. 

SECTION 7.    Offer, Sale and Resale Procedures. Each of the Initial Purchasers, on the one hand, and the Company
and each of the Guarantors, on the other hand, hereby agree to observe the following procedures in connection with the offer and sale of the Securities: 

(a)    Offers and sales of the Securities will be made only by the Initial Purchasers or Affiliates thereof qualified to
do so in the jurisdictions in which such offers or sales are made. Each sale of Securities shall be made only to persons whom the seller reasonably believes to be Qualified Institutional Buyers or non-U.S.
persons outside the United States to whom the offeror or seller reasonably believes offers and sales of the Securities may be made in reliance upon Regulation S upon the terms and conditions set forth in Annex I hereto, which Annex I is
hereby expressly made a part hereof. 

  
 20 

 (b)    Upon original issuance by the Company, and until such time as
the same is no longer required under the applicable requirements of the Securities Act, the Notes (and all securities issued in exchange therefor or in substitution thereof, other than the Exchange Notes) shall bear the following legend: 

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM.
EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY
AGREES FOR THE BENEFIT OF THE ISSUER THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN
PERSON IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR
(d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER IF THE ISSUER SO REQUESTS), (2) TO THE ISSUER OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.”

 Following the sale of the Securities by the Initial Purchasers to Subsequent Purchasers pursuant to the terms hereof, the Initial
Purchasers shall not be liable or responsible to the Company for any losses, damages or liabilities suffered or incurred by the Company, including any losses, damages or liabilities under the Securities Act, arising from or relating to any resale or
transfer of any Security. 

  
 21 

 SECTION 8.    Indemnification. 

(a)    Indemnification of the Initial Purchasers. Each of the Company and the Guarantors, jointly and
severally, agrees to indemnify and hold harmless each Initial Purchaser, its affiliates, directors, officers and employees, and each person, if any, who controls any Initial Purchaser within the meaning of the Securities Act and the Exchange Act
against any loss, claim, damage, liability or expense, as incurred, to which such Initial Purchaser, affiliate, director, officer, employee or controlling person may become subject, under the Securities Act, the Exchange Act or other federal or
state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of the Company), insofar as such loss, claim, damage, liability or expense (or
actions in respect thereof as contemplated below) arises out of or is based: (i) upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement, any Company
Additional Communication or the Final Offering Memorandum (or any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; or (ii) in whole or in part upon any failure of the Company to perform its obligations hereunder or under law; and to reimburse each Initial Purchaser and each such affiliate, director, officer,
employee or controlling person for any and all expenses (including the fees and disbursements of counsel chosen by the Representative) as such expenses are reasonably incurred by such Initial Purchaser or such affiliate, director, officer, employee
or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action; provided, however, that the foregoing indemnity agreement shall not apply, with respect
to an Initial Purchaser, to any loss, claim, damage, liability or expense to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made in reliance upon and
in conformity with written information furnished to the Company by such Initial Purchaser through the Representative expressly for use in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final
Offering Memorandum (or any amendment or supplement thereto). The indemnity agreement set forth in this Section 8(a) shall be in addition to any liabilities that the Company may otherwise have. 

(b)    Indemnification of the Company and the Guarantors. Each Initial Purchaser agrees, severally and not
jointly, to indemnify and hold harmless the Company, each Guarantor, each of their respective directors and each person, if any, who controls the Company or any Guarantor within the meaning of the Securities Act or the Exchange Act, against any
loss, claim, damage, liability or expense, as incurred, to which the Company, any Guarantor or any such director or controlling person may become subject, under the Securities Act, the Exchange Act, or other federal or state statutory law or
regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Initial Purchaser), insofar as such loss, claim, damage, liability or expense (or actions in
respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication
or the Final Offering Memorandum (or any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Preliminary Offering Memorandum, the Pricing Supplement, any Company
Additional Communication or the Final Offering Memorandum (or any amendment or supplement thereto), in 

  
 22 

 
reliance upon and in conformity with written information furnished to the Company by such Initial Purchaser through the Representative expressly for use therein; and to reimburse the Company, any
Guarantor and each such director or controlling person for any and all expenses (including the fees and disbursements of counsel) as such expenses are reasonably incurred by the Company, any Guarantor or such director or controlling person in
connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action. Each of the Company and the Guarantors hereby acknowledges that the only information that the Initial Purchasers
through the Representative has furnished to the Company expressly for use in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Communication or the Final Offering Memorandum (or any amendment or supplement thereto)
are the statements set forth in the third paragraph and the ninth paragraph under the caption “Plan of Distribution” in the Preliminary Offering Memorandum and the Final Offering Memorandum. The indemnity agreement set forth in this
Section 8(b) shall be in addition to any liabilities that each Initial Purchaser may otherwise have. 

(c)    Notifications and Other Indemnification Procedures. Promptly after receipt by an indemnified party under
this Section 8 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 8, notify the indemnifying party in writing of the
commencement thereof; provided that the failure to so notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party under this Section 8 except to the extent that it has been materially
prejudiced by such failure and shall not relieve the indemnifying party from any liability that the indemnifying party may have to an indemnified party other than under this Section 8. In case any such action is brought against any indemnified
party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in and, to the extent that it shall elect, jointly with all other indemnifying parties similarly
notified, by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided,
however, if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that an actual conflict exists between the positions of the indemnifying party and
the indemnified party in conducting the defense of any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the
indemnified party or parties shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the
indemnifying party to such indemnified party of such indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party
under this Section 8 for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the
proviso to the immediately preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (together with local counsel (in each jurisdiction)), which shall be
selected by the Representative (in the case of counsel representing the Initial Purchasers or their related persons), representing the indemnified parties who are parties to such action) or (ii) the indemnifying party shall not have employed
counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the
indemnifying party. 
 (d)    Settlements. The indemnifying party under this Section 8 shall not be liable
for any settlement of any proceeding effected without its written consent, which will not be unreasonably withheld, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the
indemnified party against any loss, claim, damage, liability or 

  
 23 

 
expense by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the
indemnified party for fees and expenses of counsel as contemplated by this Section 8, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is
entered into more than 60 days after receipt by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall have received notice of the terms such settlement at least 30 days prior to such settlement being entered into,
and (iii) such indemnifying party shall not have (x) reimbursed the indemnified party in accordance with such request or (y) disputed in good faith the indemnified party’s entitlement to such reimbursement prior to the date of
such settlement. No indemnifying party shall, without the prior written consent of the indemnified party, not to be unreasonably withheld, effect any settlement, compromise or consent to the entry of judgment in any pending or threatened action,
suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity was or could have been sought hereunder by such indemnified party, unless such settlement, compromise or consent (i) includes an
unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii) does not include any statements as to or any findings of fault, culpability or failure to act
by or on behalf of any indemnified party. 
 SECTION 9.    Contribution. If the indemnification provided for in
Section 8 hereof is for any reason held to be unavailable to or otherwise insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each indemnifying party
shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses referred to therein (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, from the offering of the Securities pursuant to this Agreement or (ii) if the allocation provided by clause
(i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company and the Guarantors, on the one hand,
and the Initial Purchasers, on the other hand, in connection with the statements or omissions herein which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative
benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, in connection with the offering of the Securities pursuant to this Agreement shall be deemed to be in the same respective
proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses) received by the Company, and the total discount received by the Initial Purchasers bear to the aggregate initial
offering price of the Securities. The relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, shall be determined by reference to, among other things, whether any such untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors, on the one hand, or the Initial Purchasers, on the other hand, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission or inaccuracy. 
 The
amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in Section 8 hereof, any legal or other fees or expenses
reasonably incurred by such party in connection with investigating or defending any action or claim. The provisions set forth in Section 8 hereof with respect to notice of commencement of any action shall apply if a claim for contribution is to
be made under this Section 9; provided, however, that no additional notice shall be required with respect to any action for which notice has been given under Section 8 hereof for purposes of indemnification. 

The Company, the Guarantors and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this
Section 9 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this
Section 9. 

  
 24 

 Notwithstanding the provisions of this Section 9, no Initial Purchaser shall be
required to contribute any amount in excess of the discount received by such Initial Purchaser in connection with the Securities distributed by it. No person guilty of fraudulent misrepresentation (within the meaning of Section 11 of the
Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this Section 9 are several, and not joint, in
proportion to their respective commitments as set forth opposite their names in Schedule A. For purposes of this Section 9, each director, officer and employee of an Initial Purchaser and each person, if any, who controls an Initial Purchaser
within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as such Initial Purchaser, and each director of the Company or any Guarantor, and each person, if any, who controls the Company or any Guarantor
with the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as the Company and the Guarantors. 

SECTION 10.    Termination of this Agreement. Prior to the Closing Date, this Agreement may be terminated by
the Representative by notice given to the Company if at any time: (i) trading or quotation in any of the Company’s securities shall have been suspended or limited by the Commission, or trading in securities generally on either the Nasdaq
Stock Market or the NYSE shall have been suspended or limited, or minimum or maximum prices shall have been generally established on any of such quotation system or stock exchange by the Commission or FINRA; (ii) a general banking moratorium
shall have been declared by any of federal, New York or Delaware authorities; (iii) there shall have occurred any outbreak or escalation of national or international hostilities or any crisis or calamity, or any change in the United States or
international financial markets, or any substantial change or development involving a prospective substantial change in United States’ or international political, financial or economic conditions, as in the judgment of the Representative is
material and adverse and makes it impracticable or inadvisable to proceed with the offering, sale or delivery of the Securities in the manner and on the terms described in the Pricing Disclosure Package or to enforce contracts for the sale of
securities; (iv) in the judgment of the Representative there shall have occurred any Material Adverse Change; or (v) the Company shall have sustained a loss by strike, fire, flood, earthquake, accident or other calamity of such character
as in the judgment of the Representative may interfere materially with the conduct of the business and operations of the Company regardless of whether or not such loss shall have been insured. Any termination pursuant to this Section 10 shall
be without liability on the part of (i) the Company or any Guarantor to any Initial Purchaser, except that the Company and the Guarantors shall be obligated to reimburse the expenses of the Initial Purchasers pursuant to Sections 4 and 6
hereof, (ii) any Initial Purchaser to the Company, or (iii) any party hereto to any other party except that the provisions of Sections 8 and 9 hereof shall at all times be effective and shall survive such termination. 

SECTION 11.    Representations and Indemnities to Survive Delivery. The respective indemnities, agreements,
representations, warranties and other statements of the Company, the Guarantors, their respective officers and the several Initial Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any
investigation made by or on behalf of any Initial Purchaser, the Company, any Guarantor or any of their partners, officers or directors or any controlling person, as the case may be, and will survive delivery of and payment for the Securities sold
hereunder and any termination of this Agreement. 

  
 25 

 SECTION 12.    Notices. All communications hereunder shall
be in writing and shall be mailed, hand delivered, couriered or facsimiled and confirmed to the parties hereto as follows: 
 If to the
Initial Purchasers: 
 J.P. Morgan Securities LLC 

383 Madison Avenue 
 New York, New
York 10179 
 Facsimile: (212) 270-1063 

Attention: Ken Lang 
 with a copy
to: 
 Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
New York 10017 
 Facsimile: (212) 701-5111 

Attention: Michael Kaplan, Esq. 

If to the Company or the Guarantors: 

Century Communities, Inc. 
 8390
East Crescent Parkway, Suite 650 
 Greenwood Village, Colorado 80111 

Facsimile: (303) 770-8320 

Attention: David Messenger 
 with
a copy to: 
 Greenberg Traurig, LLP 

1840 Century Park East, Suite 1900 

Los Angeles, California 90067 

Facsimile: (310) 586-0556 

Attention: Mark Kelson, Esq. 

Any party hereto may change the address or facsimile number for receipt of communications by giving written notice to the others. 

SECTION 13.    Successors. This Agreement will inure to the benefit of and be binding upon the parties
hereto, and to the benefit of the indemnified parties referred to in Sections 8 and 9 hereof, and in each case their respective successors, and no other person will have any right or obligation hereunder. The term “successors” shall
not include any Subsequent Purchaser or other purchaser of the Securities as such from any of the Initial Purchasers merely by reason of such purchase. Notwithstanding the foregoing, Merrill Lynch, Pierce, Fenner & Smith Incorporated
(“MLPF&S”) may, without further notice, assign all of its rights, titles, obligations and interests under this Agreement to BofA Securities, Inc. or any other wholly-owned broker-dealer subsidiary of Bank of America Corporation
to which all or substantially all of the investment banking capital markets or related businesses of MLPF&S may be transferred. 

SECTION 14.    Authority of the Representative. Any action by the Initial Purchasers hereunder may be taken by the
Representative on behalf of the Initial Purchasers, and any such action taken by the Representative shall be binding upon the Initial Purchasers. 

  
 26 

 SECTION 15.    Partial Unenforceability. The invalidity or
unenforceability of any section, paragraph or provision of this Agreement shall not affect the validity or enforceability of any other section, paragraph or provision hereof. If any section, paragraph or provision of this Agreement is for any reason
determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable. 

SECTION 16.    Governing Law Provisions. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY AND DISPUTE ARISING UNDER
OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. Any
legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby (“Related Proceedings”) may be instituted in the federal courts of the United States of America located in the City
and County of New York or the courts of the State of New York in each case located in the City and County of New York (collectively, the “Specified Courts”), and each party irrevocably submits to the exclusive jurisdiction (except
for suits, actions, or proceedings instituted in regard to the enforcement of a judgment of any Specified Court in a Related Proceeding, as to which such jurisdiction is non-exclusive) of the Specified Courts
in any Related Proceeding. Service of any process, summons, notice or document by mail to such party’s address set forth above shall be effective service of process for any Related Proceeding brought in any Specified Court. The parties
irrevocably and unconditionally waive any objection to the laying of venue of any Specified Proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any Specified Court that any Related
Proceeding brought in any Specified Court has been brought in an inconvenient forum. 
 SECTION 17.    Default of One
or More of the Several Initial Purchasers. If any one or more of the several Initial Purchasers shall fail or refuse to purchase Securities that it or they have agreed to purchase hereunder on the Closing Date, and the aggregate number of
Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase does not exceed 10% of the aggregate number of the Securities to be purchased on such date, the other Initial Purchasers shall be
obligated, severally, in the proportions that the number of Securities set forth opposite their respective names on Schedule A bears to the aggregate number of Securities set forth opposite the names of all such
non-defaulting Initial Purchasers, or in such other proportions as may be specified by the Initial Purchasers with the consent of the non-defaulting Initial Purchasers,
to purchase the Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase on the Closing Date. If any one or more of the Initial Purchasers shall fail or refuse to purchase Securities and the
aggregate number of Securities with respect to which such default occurs exceeds 10% of the aggregate number of Securities to be purchased on the Closing Date, and arrangements satisfactory to the Initial Purchasers and the Company for the purchase
of such Securities are not made within 48 hours after such default, this Agreement shall terminate without liability of any party to any other party except that the provisions of Sections 4, 6, 8 and 9 hereof shall at all times be effective and
shall survive such termination. In any such case either the Initial Purchasers or the Company shall have the right to postpone the Closing Date, as the case may be, but in no event for longer than seven days in order that the required changes, if
any, to the Final Offering Memorandum or any other documents or arrangements may be effected. 
 As used in this Agreement, the term
“Initial Purchaser” shall be deemed to include any person substituted for a defaulting Initial Purchaser under this Section 17. Any action taken under this Section 17 shall not relieve any defaulting Initial Purchaser from
liability in respect of any default of such Initial Purchaser under this Agreement. 

  
 27 

 SECTION 18.    No Advisory or Fiduciary Responsibility. Each of
the Company and the Guarantors acknowledges and agrees that: (i) the purchase and sale of the Securities pursuant to this Agreement, including the determination of the offering price of the Securities and any related discounts and commissions,
is an arm’s-length commercial transaction between the Company and the Guarantors, on the one hand, and the several Initial Purchasers, on the other hand, and the Company and the Guarantors are capable of
evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby and the process leading to such transaction
each Initial Purchaser is and has been acting solely as a principal and is not the agent or fiduciary of the Company and the Guarantors or their respective affiliates, stockholders, creditors or employees or any other party; (iii) no Initial
Purchaser has assumed or will assume an advisory or fiduciary responsibility in favor of the Company and the Guarantors with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether such Initial
Purchaser has advised or is currently advising the Company and the Guarantors on other matters) or any other obligation to the Company and the Guarantors except the obligations expressly set forth in this Agreement; (iv) the several Initial
Purchasers and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company and the Guarantors, and the several Initial Purchasers have no obligation to disclose any of such
interests by virtue of any fiduciary or advisory relationship; and (v) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering contemplated hereby, and the Company and the Guarantors
have consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. 
 This Agreement supersedes
all prior agreements and understandings (whether written or oral) between the Company, the Guarantors and the several Initial Purchasers, or any of them, with respect to the subject matter hereof. The Company and the Guarantors hereby waive and
release, to the fullest extent permitted by law, any claims that the Company and the Guarantors may have against the several Initial Purchasers with respect to any breach or alleged breach of fiduciary duty. 

SECTION 19.    General Provisions. This Agreement constitutes the entire agreement of the parties to this Agreement
and supersedes all prior written or oral and all contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof. This Agreement may be executed in two or more counterparts, each one of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by telecopier, facsimile or other electronic transmission (i.e., a
“.pdf” or “.tif”) shall be effective as delivery of a manually executed counterpart thereof. This Agreement may not be amended or modified unless in writing by all of the parties hereto, and no condition herein (express or
implied) may be waived unless waived in writing by each party whom the condition is meant to benefit. The section headings herein are for the convenience of the parties only and shall not affect the construction or interpretation of this Agreement.

 SECTION 20.    Compliance with USA Patriot Act. In accordance with the requirements of the USA Patriot Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Initial Purchasers are required to obtain, verify and record information that identifies their respective clients, including the
Company, which information may include the name and address of their respective clients, as well as other information that will allow the Initial Purchasers to properly identify their respective clients. 

  
 28 

 SECTION 21.    Recognition of the U.S. Special Resolution Regimes.
(a) In the event that any Initial Purchaser that is a Covered Entity (as defined below) becomes subject to a proceeding under a U.S. Special Resolution Regime (as defined below), the transfer from such Initial Purchaser of this Agreement, and
any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the
laws of the United States or a state of the United States. 
 (b)    In the event that any Initial Purchaser that is a
Covered Entity or a BHC Act Affiliate (as defined below) of such Initial Purchaser becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights (as defined below) under this Agreement that may be exercised against such
Initial Purchaser are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United
States. 
 For purposes of this Section 21: 

“BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and shall be interpreted in accordance
with, 12 U.S.C. § 1841(k); 
 “Covered Entity” means any of the following: 

 

	 	(i)	 a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
252.82(b); 

  

	 	(ii)	 a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or 

  

	 	(iii)	 a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
382.2(b); 

 “Default Right” has the meaning assigned to that term in, and shall be interpreted in
accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable; and 
 “U.S. Special Resolution Regime” means
each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder. 

[Signature page follows] 

  
 29 

 If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to the Company the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms. 

 

			
	Very truly yours,
	
	CENTURY COMMUNITIES, INC.
		
	By:	 	 /s/ David Messenger

		 	Name: David Messenger
		 	Title: Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 Guarantors: 

 

											
	AUGUSTA POINTE, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	AVALON AT INVERNESS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	AVR A, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	AVR B, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

											
	AVR C, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

											
	BARRINGTON HEIGHTS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

  
 [Signature page to the
Purchase Agreement] 

 
											
	BEACON POINTE, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

											
	BELVEDERE AT RIDGEGATE, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

			
	BENCHMARK BUILDERS NORTH CAROLINA, LLC
		
	By:	 	 /s/ David Messenger

		 	David Messenger
		 	Chief Financial Officer

  

			
	BENCHMARK COMMUNITIES, LLC
		
	 By:
	 	 /s/ David Messenger

		 	David Messenger
		 	Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	BLACKSTONE HOMES, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

											
	BLUFFMONT ESTATES, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

			
	BMC EAST GARRISON, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC EG BLUFFS, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

  

  
 [Signature page to the
Purchase Agreement] 

 
			
	BMC EG BUNGALOW, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC EG COURTYARDS, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC EG GARDEN, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC EG GROVE, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC EG TOWNS, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC EG VILLAGE, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
			
	BMC MEADOWOOD II, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC PINE RIDGE, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC REALTY ADVISORS, INC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC RED HAWK, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMC TOUCHSTONE, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMCH CALIFORNIA, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

			
	BMCH NORTH CAROLINA, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMCH TENNESSEE, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

	
	BMCH WASHINGTON, LLC
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

  

											
	BRADBURN VILLAGE HOMES, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

			
	CASA ACQUISITION CORP.
		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	CC COMMUNITIES, LLC
		
	By:	 	 Century Land Holdings, LLC,

its Managing Member

			
		 	By:	 	 CCC Holdings, LLC
 its
Manager

				
		 		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

					
		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

					
	CC SOUTHEAST CONSTRUCTORS, LLC
		
	By:	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	/s/ David Messenger
		 		 	 David Messenger
 Chief Financial
Officer

  

					
	CCC HOLDINGS, LLC
		
	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

			
		 	By:	 	/s/ David Messenger
		 		 	 David Messenger
 Chief Financial
Officer

  

							
	CCG CONSTRUCTORS LLC
		
	By:	 	 Century Communities of Georgia, LLC,

its Manager and Sole Member

			
		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

				
		 		 	By:	 	/s/ David Messenger
		 		 		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
							
	CCG REALTY GROUP LLC
		
	By:	 	 Century Communities of Georgia, LLC,

its Manager and Sole Member

			
		 	By:	 	 Century Communities, Inc.
 its
Manager and Sole Member

				
		 		 	By:	 	/s/ David Messenger
		 		 		 	 David Messenger
 Chief Financial
Officer

  

											
	CCH HOMES, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

					
	CCNC REALTY GROUP, LLC
		
	By:	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	/s/ David Messenger
		 		 	 David Messenger
 Chief Financial
Officer

  

					
	CCSC REALTY GROUP, LLC
		
	By:	 	 Century Communities, Inc.
 its
Managing Member

			
		 	By:	 	/s/ David Messenger
		 		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
					
	CENTENNIAL HOLDING COMPANY LLC
		
	By:	 	 Century Communities, Inc.,

its Managing Member

			
		 	By:	 	/s/ David Messenger
		 		 	 David Messenger
 Chief Financial
Officer

  

											
	CENTRAL PARK ROWHOMES, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  

											
	CENTURY AT ANTHOLOGY, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT ASH MEADOWS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT AUTUMN VALLEY RANCH, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT BEACON POINTE, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT BELLEVIEW PLACE, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT CALEY, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT CANDELAS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT CAROUSEL FARMS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT CASTLE PINES TOWN CENTER, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT CLAREMONT RANCH, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT COLLIERS HILL, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT COMPARK VILLAGE NORTH, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT COMPARK VILLAGE SOUTH, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT COYOTE CREEK, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT FOREST MEADOWS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT HARVEST MEADOWS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT LANDMARK, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT LITTLETON VILLAGE, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT LITTLETON VILLAGE II, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT LOR, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT LOWRY, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT MARVELLA, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT MAYFIELD, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT MEADOWBROOK, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT MIDTOWN, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT MILLENNIUM, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT MURPHY CREEK, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT OAK STREET, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT OBSERVATORY HEIGHTS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT OUTLOOK, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT PEARSON GROVE, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT SALISBURY HEIGHTS, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT SHALOM PARK, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT SOUTHSHORE, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	CENTURY AT SPRING VALLEY RANCH, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT STERLING RANCH, LLC
		
	By:	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

	
	CENTURY AT TANGLEWOOD, LLC
		
	By:	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	 Century Land Holdings, LLC
 its
Managing Member

				
		 		 	By:	 	 CCC Holdings, LLC
 its
Manager

					
		 		 		 	 By:
	 	 Century Communities, Inc.
 its
Manager and Sole Member

						
		 		 		 		 	By:	 	/s/ David Messenger
		 		 		 		 		 	 David Messenger
 Chief Financial
Officer

  
  

  
 [Signature page to the
Purchase Agreement] 

 
											
	 CENTURY AT TERRAIN, LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

	
	 CENTURY AT THE GROVE,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

	
	 CENTURY AT THE
HEIGHTS, LLC

		
	 By:
	 	 Horizon Building Services, LLC

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 CENTURY AT THE
MEADOWS, LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CENTURY AT VISTA
RIDGE, LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CENTURY AT WILDGRASS,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 CENTURY AT WOLF RANCH,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CENTURY AT WYNDHAM
HILL, LLC

		
	 By:
	 	 Horizon Building Services, LLC

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CENTURY CITY, LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
					
	 CENTURY COMMUNITIES OF
CALIFORNIA, LLC

		
	 By:
	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES OF
GEORGIA, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES OF
NEVADA, LLC

		
	 By:
	 	 Century Communities, Inc.

its Sole Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

							
	 CENTURY COMMUNITIES OF
NEVADA REALTY, LLC

		
	 By:
	 	 Century Communities of Nevada, LLC,

its Sole Managing Member

			
		 	By:	 	Century Communities, Inc.
		 		 	its Sole Managing Member
				
		 		 	 By:
	 	 /s/ David Messenger

		 		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES OF
NORTH CAROLINA, LLC

		
	 By:
	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
					
	 CENTURY COMMUNITIES OF
SOUTH CAROLINA, LLC

		
	 By:
	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES OF
TENNESSEE, LLC

		
	 By:
	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES OF
UTAH, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES OF
WASHINGTON, LLC

		
	 By:
	 	 Century Communities, Inc.

its Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY COMMUNITIES REALTY
OF UTAH, LLC

		
	 By:
	 	 Century Communities, Inc.

		 	its Manager
			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
					
	 CENTURY COMMUNITIES SOUTHEAST, LLC

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	 By:
	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY GROUP LLC

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	 By:
	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

							
	 CENTURY LAND HOLDINGS,
LLC

		
	 By:
	 	 CCC Holdings, LLC,
 its
Manager

			
		 	By:	 	Century Communities, Inc.
		 		 	its Manager and Sole Member
				
		 		 	 By:
	 	 /s/ David Messenger

		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CENTURY LAND HOLDINGS II,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
					
	 CENTURY LAND HOLDINGS
OF TEXAS, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Sole Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 CENTURY LAND HOLDINGS
OF UTAH, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Sole Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

							
	 CENTURY RHODES RANCH GC,
LLC

		
	 By:
	 	 Century Communities of Nevada, LLC,

its Sole Managing Member

			
		 	By:	 	Century Communities, Inc.
		 		 	its Sole Managing Member
				
		 		 	 By:
	 	 /s/ David Messenger

		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CENTURY TOWNHOMES AT
CANDELAS, LLC

		
	 By:
	 	 Horizon Building Services, LLC

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
							
	 CENTURY TUSCANY GC, LLC

		
	 By:
	 	 Century Communities of Nevada, LLC,

its Sole Managing Member

			
		 	By:	 	Century Communities, Inc.
		 		 	its Sole Managing Member
				
		 		 	 By:
	 	 /s/ David Messenger

		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 CHERRY HILL PARK, LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 COTTAGES AT WILLOW
PARK, LLC

		
	 By:
	 	 Horizon Building Services, LLC,

its Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 CROWN HILL, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 ENCLAVE AT BOYD PONDS,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 ENCLAVE AT CHERRY CREEK,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 ENCLAVE AT PINE GROVE,
LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 ESTATES AT CHATFIELD
FARMS, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 HEARTH AT OAK MEADOWS,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 HIGHLAND AT WESTBURY, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 HOMETOWN, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

					
	 HOMETOWN SOUTH, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
									
	 HORIZON BUILDING SERVICES,
LLC

		
	 By:
	 	 Century Land Holdings, LLC

		 	its Managing Member
			
		 	 By:
	 	CCC Holdings, LLC
		 		 	its Manager
				
		 		 	 By:
	 	Century Communities, Inc.
		 		 		 	its Manager and Sole Member
					
		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 LADERA, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 LAKEVIEW FORT COLLINS, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 LINCOLN PARK AT
RIDGEGATE, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 MADISON ESTATES, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 MERIDIAN RANCH, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 MONTECITO AT RIDGEGATE,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

							
	 NEIGHBORHOOD ASSOCIATIONS GROUP,
LLC

		
	 By:
	 	 Century Communities of Nevada, LLC,

its Sole Managing Member

			
		 	By:	 	Century Communities, Inc.
		 		 	its Sole Managing Member
				
		 	By:	 		 	 /s/ David Messenger

		 		 		 	 David Messenger

Chief Financial Officer

  

					
	 PARK 5TH AVENUE
DEVELOPMENT CO., LLC

		
	 By:
	 	 Century Communities, Inc.

its Sole Managing Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

											
	 PARKWOOD ESTATES, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 PENINSULA VILLAS, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 PRESERVE AT BRIARGATE, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 RED ROCKS POINTE, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 RENAISSANCE AT RIDGEGATE,
LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 RESERVE AT HIGHPOINTE
ESTATES, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 RESERVE AT THE MEADOWS,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 	By:	 		 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 SADDLE ROCK GOLF, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 SADDLEBACK HEIGHTS, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 SAH HOLDINGS, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 SAWGRASS AT PLUM CREEK,
LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 SAWGRASS AT PLUM CREEK
II, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 SHOENBERG FARMS, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 STETSON RIDGE HOMES, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 STONYBRIDGE VILLAS, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 SUMMERLANE VILLAGE, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 THE OVERLOOK AT
TALLYN’S REACH, LLC

		
	 By:
	 	 Horizon Building Services, LLC
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 THE RETREAT AT RIDGEGATE,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 THE VERANDA, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 THE VISTAS AT
NOR’WOOD, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 THE WHEATLANDS, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

			
	 UCP, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

			
	 UCP BARCLAY III, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

			
	 UCP EAST GARRISON, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
			
	 UCP KERMAN, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

			
	 UCP MEADOWOOD III, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

			
	 UCP SAGEWOOD, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

			
	 UCP SOLEDAD, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

			
	 UCP TAPESTRY, LLC

		
	 By:
	 	 /s/ David Messenger

		 	 David Messenger

Chief Financial Officer

  

											
	 VENUE AT ARISTA, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 VERONA ESTATES, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 VILLAS AT HIGHLAND PARK,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 	 By:
	 		 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

											
	 VILLAS AT MURPHY CREEK,
LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 
											
	 WATERSIDE AT HIGHLAND
PARK, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  

					
	 WESTOWN CONDOMINIUMS, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

					
	 WESTOWN TOWNHOMES, LLC 

		
	 By:
	 	 Century Communities, Inc.

its Manager and Sole Member

			
		 	By:	 	 /s/ David Messenger

		 		 	 David Messenger

Chief Financial Officer

  

											
	 WILDGRASS, LLC

		
	 By:
	 	 Horizon Building Services, LLC,
 its
Manager

			
		 	By:	 	Century Land Holdings, LLC
		 		 	its Managing Member
				
		 		 	 By:
	 	CCC Holdings, LLC
		 		 		 	its Manager
					
		 		 		 	 By:
	 	Century Communities, Inc.
		 		 		 		 	its Manager and Sole Member
						
		 		 		 		 	 By:
	 	 /s/ David Messenger

		 		 		 		 		 	 David Messenger

Chief Financial Officer

  
 [Signature page to the
Purchase Agreement] 

 The foregoing Purchase Agreement is hereby confirmed and accepted by the Initial Purchasers as of the date
first above written. 
 J.P. MORGAN SECURITIES LLC 

Acting on behalf of itself 
 and
as the Representative of 
 the several Initial Purchasers 
  

			
	By:	 	J.P. Morgan Securities LLC
		
	By:	 	 /s/ Ken Lang

		 	Name: Ken Lang
		 	Title: Managing Director

  
 [Signature page to the
Purchase Agreement] 

 SCHEDULE A 

 

					
	 Initial Purchasers
	  	Aggregate Principal
Amount of Securities
to be Purchased	 
	 J.P. Morgan Securities LLC
	  	$	325,000,000	 
	 Merrill Lynch, Pierce, Fenner & Smith Incorporated
	  	$	100,000,000	 
	 BBVA Securities Inc.
	  	$	15,000,000	 
	 BMO Capital Markets Corp.
	  	$	15,000,000	 
	 Fifth Third Securities, Inc.
	  	$	15,000,000	 
	 WoodRock Securities, L.P.
	  	$	15,000,000	 
	 U.S. Bancorp Investments, Inc.
	  	$	 15,000,000	 
		  	  
	  
	 
	 Total
	  	$	500,000,000	 

  

 ANNEX I 

Resale Pursuant to Regulation S or Rule 144A. Each Initial Purchaser understands that: 

Such Initial Purchaser agrees that it has not offered or sold and will not offer or sell the Securities in the United States or to, or for the
benefit or account of, a U.S. person (other than a distributor), in each case, as defined in Rule 902 of Regulation S (i) as part of its distribution at any time and (ii) otherwise until 40 days after the later of the
commencement of the offering of the Securities pursuant hereto and the Closing Date, other than in accordance with Regulation S or another exemption from the registration requirements of the Securities Act. Such Initial Purchaser agrees that,
during such 40-day restricted period, it will not cause any advertisement with respect to the Securities (including any “tombstone” advertisement) to be published in any newspaper or periodical or
posted in any public place and will not issue any circular relating to the Securities, except such advertisements as permitted by and include the statements required by Regulation S. 

Such Initial Purchaser agrees that, at or prior to confirmation of a sale of Securities by it to any distributor, dealer or person receiving a
selling concession, fee or other remuneration during the 40-day restricted period referred to in Rule 903 of Regulation S, it will send to such distributor, dealer or person receiving a selling
concession, fee or other remuneration a confirmation or notice to substantially the following effect: 
 “The Securities covered hereby
have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered and sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of your
distribution at any time or (ii) otherwise until 40 days after the later of the date the Securities were first offered to persons other than distributors in reliance on Regulation S and the Closing Date, except in either case in accordance
with Regulation S under the Securities Act (or in accordance with Rule 144A under the Securities Act or to accredited investors in transactions that are exempt from the registration requirements of the Securities Act), and in connection
with any subsequent sale by you of the Securities covered hereby in reliance on Regulation S under the Securities Act during the period referred to above to any distributor, dealer or person receiving a selling concession, fee or other
remuneration, you must deliver a notice to substantially the foregoing effect. Terms used above have the meanings assigned to them in Regulation S under the Securities Act.” 

Such Initial Purchaser agrees that the Securities offered and sold in reliance on Regulation S will be represented upon issuance by a
global security that may not be exchanged for definitive securities until the expiration of the 40-day restricted period referred to in Rule 903 of Regulation S and only upon certification of
beneficial ownership of such Securities by non-U.S. persons or U.S. persons who purchased such Securities in transactions that were exempt from the registration requirements of the Securities Act. 

  
 Annex I-1bsqr-ex101_132.htm

 

Exhibit 10.1

CERTAIN INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF PUBLICLY DISCLOSED.  OMISSIONS ARE DESIGNATED AS [***].

 

  

CHANNEL PARTNER PROGRAM ENROLLMENT FORM 

 

		
	
INFORMATION TABLE 
	
 

	
“Microsoft” or “MS”: 

Microsoft Corporation 
	
“Company”: 

BSQUARE CORPORATION 

	
A company organized under the laws of State of Washington, U.S.A. 
	
A company organized under the laws of United States 

 

	
AGREEMENT NUMBER  
	
[***] 

	
EFFECTIVE DATE 
	
March 01, 2019 

 

	
COMPANY TAX ID 
	
 

	
COMPANY CONTACT FOR 

NOTICES 
	
[***]

BSQUARE CORPORATION  

110 110th Ave. NE Ste. 300  

Bellevue, Washington 98004 

United States

[***]

 

	
COMPANY 

ADMINISTRATOR 

INFORMATION 
	
[***] 

 

 

 

	
TERRITORY(IES) 
	
Canada, United States, Argentina, Brazil, Chile, Mexico, Peru, Venezuela, Puerto Rico, Cuba, Haiti, Dominican Republic, Jamaica, Trinidad and Tobago, Guadeloupe, Martinique, Bahamas, Barbados, Saint Lucia, Curacao, Aruba, Saint Vincent and the Grenadines, U.S. Virgin Islands, Grenada, Dominica, Cayman Islands, Saint Kitts and Nevis, Sint Maarten, 

Turks and Caicos Islands, Saint Martin, British Virgin Islands, Sint Eustatius, 

Saba, Anguilla, Montserrat, Colombia, Saint Barthelemy, Antigua and 

Barbuda 

Page 1 of 41 

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INCORPORATION OF TERMS & SIGNATURES 

	
This Channel Partner Program Enrollment Form incorporates by reference all the terms and conditions of the documents identified below (including any other documents or online resources expressly incorporated by reference into such documents) and forms the “Agreement” for purposes of Company’s participation in the Channel Partner Program.  

 

	
Section Title 
	
Reference Number & Associated Information 

 

	
GLOBAL PARTNER 

AGREEMENT 
	
[***] 

	
CHANNEL PARTNER 

TERMS 

	
CHANNEL PARTNER 

AUTHORIZATION 
	
 
	
Program Appendix 
	
Reference Number 

	
IOT Disti PAX 

Program/Product 

Enrollment 
	
IoT Disti Products 

 

	
CHANNEL PARTNER 

PROGRAM ADDENDA 
	
 
	
Addendum Included 
	
 

	
INVESTMENT PROGRAM 

EXHIBITS 

 
	
 
	
Exhibit Title 
	
Exhibit Term 

	
  
	
  

to 

  

	
To the extent that a provision in any one of the foregoing documents is expressly inconsistent with a provision stated in another document comprising the Agreement, the following order of precedence will apply: 

•Additional Terms contained in Product Terms Documents will prevail over any inconsistent provisions in Global Partner Terms, Channel Partner Terms, Program Appendices, or Program Execution Guides; 

•Provisions in Program Execution Guides will prevail over any inconsistent provisions in Global 

Partner Terms, Channel Partner Terms, or Program Appendices; 

•Provisions in Program Appendices will prevail over any inconsistent provisions in Global Partner Terms or Channel Partner Terms;  

•Provisions in Channel Partner Terms will prevail over any inconsistent provisions in Global Partner Terms; and 

•Provisions in this Channel Partner Program Enrollment Form, and any Addenda or Exhibits will prevail over any of the foregoing documents. 

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When this Channel Program Enrollment Form is executed by both parties’ authorized 

representatives, it represents the parties’ entire Agreement related to Company’s participation in Microsoft’s Channel Partner Program, and merges and supersedes all related prior or contemporaneous oral or written communications or agreements on this subject.   

	
 
	
MICROSOFT 
	
COMPANY 

	
AUTHORIZED 

SIGNATURE 
	

 

 
	

OEMSigner2SignHere

 

	
SIGNER NAME & 

COMPANY ROLE (TITLE) 
	
 

 

Simon Pettifer

 

Processor
	
 

 

Peter Biere

 

OCFO

 

OEMSigner2FullName 

 

OEMSigner2Title 

 

	
SIGNATURE DATE 
	
 

MSOPSSignerDateSigned2/21/2019 
	
 

OEMSigner1DateSigned2/15/2019 

OEMSigner2DateSigned 

. .

 

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IOT DISTRIBUTOR PROGRAM APPENDIX ENROLLMENT TABLE 

	
IOT DISTRIBUTOR PROGRAM APPENDIX 5200005249 

	
PAX BILLING 

CONTACT 
	
[***]

BSQUARE CORPORATION  

110 110th Ave. NE Ste. 300  

Bellevue, Washington 98004 

United States 

[***]

	
ADDITIONAL 

COMPANY 

CONTACT(s) 

FOR NOTICES 
	
[***]

BSQUARE CORPORATION  

110 110th Ave. NE Ste. 300  

Bellevue, Washington 98004 

United States 

[***]

. 

[***]

BSQUARE CORPORATION  

110 110th Ave. NE Ste. 300  

Bellevue, Washington 98004 

United States 

[***]. 

 

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GLOBAL PARTNER AGREEMENT 

CORE TERMS (“Core Terms”) 

These Core Terms, when combined with Program-specific terms, govern how we work together on a Program. “Microsoft” and “Company” mean the respective entities designated in the Enrollment. 

1. DEFINITIONS 

“Confidential Information” means a party's non-public information, know-how, or trade secrets that 

(a) the party designates as being confidential; or (b) given the nature of the disclosure or circumstances surrounding the disclosure, the receiving party should treat as confidential. 

“Data Protection Laws” means any Laws applicable to Company or Microsoft, relating to data security, data protection, and/or privacy, including Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to processing of Personal Data and the free movement of that data (“GDPR”). 

“Enrollment” or “Program Enrollment” means a form, document, or online enrollment process that identifies contracting parties, as well as the terms and conditions and other documents that relate to a Program, which collectively constitute the “Agreement” for purposes of that Program. 

“Excluded License” means any license that includes the following requirement as a condition of use, modification, or distribution of any material subject to that license: such software, or anything combined or distributed with such material, is required to be: (a) disclosed or distributed in source code form; (b) licensed for the purpose of making derivative works; or (c) redistributable at no charge. 

“Force Majeure Event” means fire, casualty, or an act caused exclusively by forces of nature, riot, terrorist act, war, labor dispute, material changes in applicable Laws or court decree. A Force Majeure Event does not include theft or loss, or events caused by the negligent or intentional acts or omissions of the affected party.  

“Guide” means a document delivered to Company or published on a Partner Portal that specifies the execution and operational details, policies, and requirements applicable to a Program. 

“Investment” means the Microsoft funds, incentives, rebates, assistance, Product use rights, and other benefits that Microsoft may provide to Company. 

“Laws” means all applicable international, national, and local laws (including regulations and binding judicial law) as amended, extended, repealed and replaced, or re-enacted. 

“Microsoft Affiliate” means an entity that owns, is owned by, or is under common ownership with the Microsoft entity identified in the Enrollment. Ownership means control of more than 50% of equity interests of, or the right to direct the management of, an entity for so long as such control exists. 

“Partner Portal” means, with regard to a given Program, the website(s) through which Microsoft may provide Company access to tools, documents, and communications related to that Program. 

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“Personal Data” means any information relating to an identified or identifiable natural person, i.e., one who can be identified directly or indirectly by referencing an identifier such as a name, an identification number, location data, an online identifier, or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural, or social identity of that natural person. “Product(s)” means the online services, tools, software, hardware, professional support or consulting services that Microsoft may make available to Company under a Program. 

“Program” means an engagement between Microsoft and Company under which Microsoft may make available to Company certain rights, Investments, or other benefits related to using, interoperating with, integrating, sublicensing, distributing, re-selling, promoting, or marketing Products. 

“Taxes” means any federal, state, provincial or local taxes, fees, charges, surcharges, or other similar fees or charges arising as a result of or in connection with the transactions contemplated under the Agreement and include, sales and use taxes, value added, gross receipts taxes, utility user’s fees, municipal occupation and license taxes, excise taxes, business and occupations taxes, 911 taxes, franchise fees, universal service fund fees or taxes, regulatory cost recovery and other surcharges, taxes imposed or based on or with respect to or measured by any net or gross income or receipts (other than taxes based upon Microsoft’s net income and any gross receipts taxes imposed in lieu of taxes on the income or profits of Microsoft), franchise taxes, stamp taxes, taxes on doing business, duties, tariffs, levies, and withholding taxes. 

2. PROPRIETARY RIGHTS AND CONFIDENTIALITY 

	
 
	
2.1
	
Reservation of Rights.  Except as otherwise expressly granted in the Agreement: (i) each party owns and retains all right, title, or interest in and to its own respective intellectual and other proprietary rights, and neither party grants such rights to the other party; and (ii) all permitted use of Products under a Program is by license only, and is not subject to the “first sale” or similar doctrine under copyright or other applicable intellectual property rights Laws. Any use in the Agreement of words such as “distribute,” “sell,” “price,” “fees,” or similar words is for convenience only, and not to be construed that title to any underlying intellectual property rights in the Products is being transferred. 

	
 
	
2.2
	
Excluded License.  Company’s rights to any Products under any Agreement do not include any license, right, power, or authority to subject the Products to any of the terms of an Excluded 

License.  Company may use or distribute Products with other material that is subject to an Excluded License only if such Products are used or distributed in a manner that does not subject, or purport to subject, the Products (or any Microsoft intellectual property related to the Products) to the terms of an Excluded License. 

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2.3
	
Proprietary Notices.  Neither party will remove any copyright, trademark, patent, or similar notices from the other party’s materials without express written consent from the other party. 

	
 
	
2.4
	
Use of Marks.  Except as expressly provided in the Agreement, or any separate license agreement that is incorporated into the Agreement by reference, the Agreement does not grant either party any right, title, interest, or license in or to any of the other party's trademarks, trade names, trade dress, or logos (collectively, “Marks”). Company may use Microsoft’s corporate name, Product names, and trademarks (“Microsoft Marks”) in plain text (but not logos, trade dress, designs, or word marks in stylized form) to accurately identify and refer to Microsoft and its technology and services. However, in making such references, Company must refrain from use that is likely to cause confusion about Company’s relationship with Microsoft and must comply with Microsoft’s usage guidelines at: https://www.microsoft.com/en-us/legal/intellectualproperty/Trademarks/ENUS.aspx . Company will promptly correct any misuse on notice from Microsoft.   

	
 
	
2.5
	
No Reverse Engineering.  Company must not reverse engineer, decompile, or disassemble any Products, except and only to the extent expressly permitted by applicable Laws. 

	
 
	
2.6
	
Antipiracy.  Each party will implement and enforce reasonable internal controls to prevent unauthorized access to (or manufacture, duplication, distribution, delivery, or use of) counterfeit, stolen, pirated, or unlicensed technology, products, or services of the other party by the party’s employees, subsidiaries, subcontractors, and representatives. Each party agrees to promptly report to the other party any suspected counterfeiting, theft, piracy, unauthorized access, or infringement of copyright, trademark, patent, or other intellectual property rights owned or licensed by the other party, and agrees to reasonably cooperate with the other party in the investigation of such unauthorized activities. 

	
 
	
2.7
	
Confidentiality and Publicity   

	
 
	
(a)
	
If separate nondisclosure agreement is in place between Microsoft and Company, such agreement will govern all Confidential Information exchanged between the parties.  

	
 
	
(b)
	
If no such agreement is in effect, the following provisions apply to the parties’ exchange of Confidential Information: 

	
 
	
(i)
	
Company and Microsoft must not disclose any Confidential Information of the other for 5 years following the date of disclosure. However, there is no time limit on disclosure of Confidential Information that contains Personal Data. The receiving party will not be liable for disclosure of information which: (1) it already knew without an obligation to maintain the information as confidential; (2) it received from a third party without breach of an obligation of confidentiality owed to the other party; (i3) it independently developed; or (iv) becomes publicly known through no wrongful act of the receiving party. 

	
 
	
(ii)
	
If either party is required by a court order or applicable Laws to disclose the other party’s Confidential Information, prior to disclosure, the disclosing party must seek the highest level of protection available, and must give the other party reasonable prior notice when possible to allow it to seek a protective order. 

	
 
	
(iii)
	
Neither party is required to restrict work assignments of employees who have had access to Confidential Information. Neither party can control the incoming information the other will disclose in the course of working together, or what its employees will remember, even without notes or other aids. Neither party will bring a claim under trade secret law, or for breach of this Agreement, to the extent arising out of use of Confidential Information in such employees’ unaided memories in the development or deployment of each party’s respective products or services. 

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(c)
	
Except as otherwise required by applicable Laws or as otherwise expressly authorized under the Agreement, neither party will issue any press release, publicity, or other disclosure in any form that relates to the terms of the Agreement or to a party’s relationship with the other party, including in client presentations or client lists, without the other party’s prior written approval. 

3. INVESTMENT PROGRAMS 

	
 
	
3.1
	
Availability and Terms.  Microsoft (directly or through a Microsoft Affiliate) may make Investments available to Company to support Company’s use, distribution, promotion, or marketing of Products through an Investment Program.  Microsoft may communicate available Investment Programs through various Enrollment processes. Such communications may include reference to an Investment Program as a Program covered by a broad Enrollment, or through a standalone Enrollment specific to an individual Investment Program.  In each instance, the related Investment Program will describe or identify the eligibility, criteria, term length, and other terms and conditions applicable to the Investment Program.  The Investment Program and related documents, including Guides, may be delivered directly to Company or published on a Partner Portal.  Unless a different notice period is set forth in the Investment Program terms, Microsoft may change the terms of, or discontinue, any Investment Program or related Guide for any reason or no reason, on 30 days’ notice to Company. 

	
 
	
3.2
	
Participation and Eligibility.   To participate in an Investment Program, Company must meet the Investment Program eligibility criteria. To receive Investments under an Investment Program, Company must perform and comply with the Investment Program terms, and must comply with any separate agreements that may be prerequisites for Company’s participation in the Investment Program. Participation by Company is voluntary.  Payment terms for an Investment Program will be set forth in the applicable Investment Program terms or related Guides. 

	
 
	
3.3
	
Verifying Investment Program Compliance.  Company must keep complete and accurate records relating to Company’s use of any funds provided by Microsoft, and proof of execution of activities, related to an Investment Program. Microsoft reserves the right to execute a review or an audit of such records by itself or through its authorized agents. If Microsoft discovers a discrepancy in amounts paid versus amounts earned (whether through audit or through other means), Company agrees to cooperate with Microsoft in connection with any reviews and audits, including to provide relevant documents, and to reconcile any errors or omissions, and promptly pay Microsoft any funds owed. In addition to other remedies, Microsoft reserves the right to withhold amounts due to Company under an Investment Program to offset amounts owed by Company. Provided that a material breach of an Investment Program is not disclosed or discovered in a previous audit, audits under this section will not be conducted more than once in a calendar year.   

	
 
	
3.4
	
Termination or Suspension for Breach.  In addition to any other termination rights specified elsewhere in the Agreement, and unless otherwise expressly set forth in the Investment Program terms, Microsoft may terminate or suspend Company’s participation in an Investment Program immediately for cause if Company materially breaches any terms of any separate agreements that are prerequisites for participation in that Investment Program. 

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3.5
	
Taxes Related to Investment Programs.  If Microsoft (or a Microsoft Affiliate) makes Investments available to Company, the stated amount of such Investments will include all applicable Taxes, including net income or gross receipts Taxes. Company will be responsible for all such Taxes that arise because of, or are related to, such Investments. If any Taxes are required to be withheld on payments made by one party to the other, the paying party may deduct such Taxes from the amount owed and pay them to the appropriate taxing authority, provided, however, that the paying party promptly secures and delivers an official receipt for those withholdings and other documents reasonably requested by the other party to claim a foreign tax credit or refund. The parties will use reasonable efforts to minimize any Taxes withheld to the extent possible under applicable Laws. 

4. BUSINESS INTEGRITY PRINCIPLES 

	
 
	
4.1
	
Compliance with Laws.  Each party will conduct its respective business activities in full compliance with all applicable Laws. Without limiting the foregoing, each party will: 

	
 
	
(a)
	
comply with (i) Laws that apply to the other party’s materials or to the use, transfer, import, export, or re-export of any Products licensed or distributed under the Agreement (including the U.S. Export Administration Regulations and the International Traffic in Arms Regulations); (ii) any end-user, end-use, and destination restrictions of the U.S. and other governments; and (iii) the guidelines related to exporting Microsoft Products at:  http://www.microsoft.com/enus/exporting. 

	
 
	
(b)
	
comply with all Laws (and pay the related fees and taxes that it owes) that govern environmental protection, including Laws related to use, import, collection, treatment, recovery, recycling, disposal, and reuse of Products (including packaging); 

	
 
	
(c)
	
comply with Laws that govern the rights to and protection of the other party’s copyrights, trademarks, patents, trade secrets, and other forms of intellectual property;  

	
 
	
(d)
	
comply with Laws that govern labor practices, human rights, and health and safety;  

	
 
	
(e)
	
obtain any required local government approvals, each at its own expense; and 

	
 
	
(f)
	
timely provide (at the requesting party’s commercially reasonable request and expense), information and assistance as necessary to comply with Laws, or to register or report to any governmental agency or certification body that regulates or certifies the use, licensing or distribution of Products. 

	
 
	
4.2
	
Customer Privacy and Data Security.  Each party will comply with Data Protection Laws (as defined herein). Without limiting the foregoing, each party will: 

	
 
	
(a)
	
not use or share Personal Data received from the other party (or its customers) for any purpose for which it has not obtained consent;  

	
 
	
(b)
	
establish independent procedures for managing and responding to any communication from a customer seeking to exercise its rights under Data Protection Laws;  

	
 
	
(c)
	
provide reasonable assistance to the other in responding to any requests, investigation, consultation, or claims from a customer, regulator, or supervisory authority concerning Data Protection Law; 

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(d)
	
take appropriate security measures that are required by Data Protection Laws, and in accordance with good industry practice relating to data security; and 

	
 
	
(e)
	
refrain from transmitting unsolicited commercial communications in any manner that would violate applicable Laws.  

	
 
	
4.3
	
Business Conduct.  Each party will conduct its respective business activities with integrity, and in full compliance with all applicable Laws relating to business conduct. Without limiting the foregoing, each party will: 

	
 
	
(a)
	
comply with anti-corruption Laws, such as the U.S. Foreign Corrupt Practices Act, and other Laws prohibiting bribery, corruption, inaccurate books and records, inadequate internal controls, and money-laundering;  

	
 
	
(b)
	
ensure that none of its representatives directly or indirectly pays or offers to pay anything of value (including gifts, travel, hospitality, charitable donations, or employment) to any candidate for political office or to any official or employee (including elected officials or any private person acting on behalf of a public sector entity) of any governmental entity, public international organization, or political party, to improperly influence any act or decision of such person for the purpose of promoting the business interests of either party;  

	
 
	
(c)
	
refrain from making any unauthorized representation or commitment on behalf of the other party; 

	
 
	
(d)
	
ensure that all communications to its customers and the other party are complete, truthful, accurate, not misleading, and include any required disclosures; and   

	
 
	
(e)
	
refrain from retaliating against anyone who has, in good faith, reported a possible violation of the foregoing commitments. 

	
 
	
4.4
	
Business Conduct Training 

	
 
	
(a)
	
Microsoft will provide regular annual training on anti-corruption laws and business integrity principles to its employees who resell, distribute, or market Products. For additional information on Microsoft’s commitment to anti-corruption, see http://www.microsoft.com/enus/legal/Compliance/anticorruption/default.aspx. 

	
 
	
(b)
	
For Company employees in a position to influence the pricing, terms, or conditions under which Microsoft Products are distributed, resold, or marketed (but excluding employees engaged solely in distribution of Products to end consumers), Company will:  

	
 
	
(i)
	
provide regular training on anti-corruption laws and business integrity principles to its employees who use, resell, distribute, or market Products; or 

	
 
	
(ii)
	
ensure (and certify upon request) that such employees regularly complete online anticorruption training made available free of charge by Microsoft at https://partner.microsoft.com/en-us/training/required-training  . 

	
 
	
4.5
	
Monitoring and Reporting.  If either party has a good-faith reason to believe that the other party is in violation of anti-corruption laws in connection with business or sales activity relating to the Agreement, it will notify the other party with a general description of the nature of the concern, and the reason for its belief. Company may contact Microsoft’s Anti-Corruption Alias (ANTICPT@microsoft.com) or the Business Conduct Alias (BUSCOND@microsoft.com) with questions or requests for further information or guidance. The parties will confer in good faith on an appropriate and lawful approach to addressing the concern. 

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5. GENERAL 

	
 
	
5.1
	
Relationship of the Parties 

	
 
	
(a)
	
Non-Exclusive relationship.  The parties are working together on a non-exclusive basis. Engagements between the parties will not be interpreted to limit either party’s right to obtain, promote, or distribute products or services from other sources, and will not restrict either party’s freedom to set prices for its products. 

	
 
	
(b)
	
Right to independent development.  Neither party is restricted from independently developing or acquiring new products or services, improving existing products or services, or marketing any new, improved, or existing products or services. 

	
 
	
(c)
	
Independent contractors.  Any use of the term “partner” is for reference purposes only. The parties are independent contractors and do not intend to create an employer-employee relationship, partnership, joint venture, agency relationship, or fiduciary relationship. 

	
 
	
(d)
	
Costs.  Each party will bear its own costs of performance under the Agreement, unless otherwise specified. 

	
 
	
5.2
	
Applicable Law and Venue 

	
 
	
(a)
	
Each party consents to the exercise of personal jurisdiction by the applicable courts and the choice of law set forth in Exhibit A (if attached), or as otherwise designated in a Program Enrollment or Investment Program terms. 

	
 
	
(b)
	
The United Nations Convention on Contracts for the International Sale of Goods does not apply to the Agreement.  

	
 
	
(c)
	
Either party may pursue injunctive relief against the other party in any forum to protect its intellectual property rights arising out of or related to the Agreement.  

	
 
	
(d)
	
If either party employs attorneys to enforce any rights related to the Agreement, the primarily prevailing party will be entitled to recover its reasonable attorneys’ fees, costs and other expenses if permitted by Laws. 

	
 
	
5.3
	
Assignment.  Microsoft may assign the Agreement (or delegate certain duties) to a Microsoft Affiliate at any time upon 30 days’ notice, provided that such assignment (or delegation) will not materially impair Company’s rights and remedies under the Agreement. Except for such right, neither party may assign the Agreement (whether by merger, asset sale, operation of law, or otherwise) without the prior written approval of the other party, and any attempted assignment in violation of the Agreement shall have no effect. 

	
 
	
5.4
	
Notices 

	
 
	
(a)
	
Legal notices under the Agreement (for example, notices related to assignment, termination, audit, and indemnification) must be in writing (which may be in electronic form if permitted by applicable Laws), signed by an authorized representative, and addressed to the contacts provided by the receiving party. Legal notices will be deemed received 7 business days after notice has been sent via email, air express courier (charges prepaid), or by postal service (postage prepaid, certified or registered, prepaid recorded delivery). If permitted by the Agreement, business notices (for example, notices related to Guide updates, and Price List changes) may be subject to different notice requirements or delivery methods, including delivery on a Partner Portal.   

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(b)
	
If Microsoft makes a Partner Portal available to Company in connection with a Program, Company will ensure that its relevant employees, agents and permitted customers (“Company Representatives”) become familiar with the Partner Portal and consult it on a regular basis to receive communications and business notices from Microsoft. Company is solely responsible for managing which Company Representatives are authorized to access and transact with the Partner Portal on Company’s behalf.   

	
 
	
5.5
	
No Waiver.  Failure to enforce any provision of the Agreement will not constitute a waiver. Any waiver must be in writing and signed by the waiving party.  

	
 
	
5.6
	
Amendments.  Except as otherwise expressly permitted in the Agreement, no amendment or modification of any provision of the Agreement will be effective unless it is in a writing signed by authorized representatives of both parties. 

	
 
	
5.7
	
Force Majeure.  Neither party will be liable for failing to perform under the Agreement to the extent that a Force Majeure Event caused the failure. The party subject to the Force Majeure Event must notify the other party and must perform the obligations that were not performed as soon as the Force Majeure Event stops. 

	
 
	
5.8
	
Severability and Counterparts.  If a court of competent jurisdiction finds any term of the Agreement illegal, invalid, or unenforceable, the remaining terms will remain in full force and effect. The Agreement may be signed in counterparts, which together constitute one instrument. 

	
 
	
5.9
	
References.  The section headings and titles of the provisions of all parts of the Agreement are for convenience only and do not affect the interpretation of any provision. Unless specifically stated, the plural shall include the singular. URLs are understood to also refer to successor URLs, URLs for localized content, and information or resources linked from within the websites at the specified URLs. All references to days will mean calendar days unless otherwise specified. 

	
 
	
5.10
	
English Language.  Unless required by Laws or as otherwise provided in the Agreement, the English language version of all parts of the Agreement controls, and communications and notices under the Agreement must be in the English language to be effective. Any translations of the Agreement, in whole or in part, that Microsoft may provide as a courtesy are not official or binding. If Company is in Canada, it is the express wish of both parties that the Agreement, and any associated documentation, be written and signed in English. C’est la volonté expresse des parties que la présente convention ainsi que les documents qui s’y rattachent soient rédigés en anglais. 

	
 
	
5.11
	
Survival. Except as otherwise expressly provided, the provisions of the Agreement requiring performance (or applying to events that may occur) after termination will survive termination or expiration, including all terms pertaining to confidentiality, indemnification, allocation and limitation of risk and liability, any perpetual licenses, and ownership. 

   

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EXHIBIT A 

APPLICABLE LAW AND VENUE 

   

		
	
MICROSOFT CONTRACTING ENTITY 
	
CHOICE OF LAW AND VENUE 

	
Microsoft Corporation Americas Operation Center 6100 Neil Rd.  

Reno, NV 89511 
	
The laws of the State of New York govern the Agreement, regardless of conflict of laws principles. The federal courts in Washington State or New York State are the exclusive venues for all disputes arising from this Agreement. The state courts of Washington State are the exclusive venue if there is no federal subject matter jurisdiction. Each party consents to the exercise of personal jurisdiction by these courts. Each party agrees that it cannot revoke this consent. 

	
Microsoft Ireland Operations Limited 

One Microsoft Place  

South County Business Park 

Leopardstown 

Dublin 18, Ireland D18 P521 
	
If Microsoft executes the Agreement by Microsoft Ireland Operations Limited, the laws of Ireland govern this Agreement, regardless of conflict of laws principles. The courts of Dublin, Ireland are the exclusive venues for all disputes arising from this Agreement. Each party consents to the exercise of personal jurisdiction by these courts. Each party agrees that it cannot revoke this consent. 

	
Microsoft India Corporation  

DLF Cyber Greens, 9th Floor, Tower A 

DLF Cyber City, Sector 25 A 

Gurgaon 122002 

 
	
This Agreement is construed and controlled by the laws of 

Singapore. Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, must be referred to and finally resolved by arbitration in 

Singapore under the Arbitration Rules of the Singapore International Arbitration Centre (“SIAC”), which rules are deemed to be incorporated by reference into this section. The language of the arbitration will be English.  The decision of the arbitrator will be final, binding and incontestable and may be used as a basis for judgment thereon. The courts of New Delhi shall have exclusive jurisdiction to entertain any suits relating to enforcement of the award and/or for award of any interim protection. 

	
Microsoft China Company Limited 

1st Floor, Microsoft Tower, LSH Plaza, 

8 Wangjing Street, Chaoyang District 

Beijing 

100102, PRC 

 
	
The Agreement will be construed and controlled by the laws of the People’s Republic of China. Company consents to submit any dispute relating to the Agreement and any addendum to binding arbitration. The arbitration will be at the China International Economic and Trade Arbitration Commission in Beijing (“CIETAC”) according to its then current rules. 

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GLOBAL PARTNER AGREEMENT CHANNEL TERMS (“CHANNEL TERMS”) 

These Channel Terms apply to Company’s distribution of Products through an authorized distribution channel. 

1. DEFINITIONS 

“Claim” means a third-party action, cause of action, suit, or judicial claim brought by a party other than Company or a Company Affiliate. 

“Company Affiliate” means an entity that owns, is owned by, or is under common ownership with Company.  Ownership means control of more than 50% of the equity interests of, or the right to direct the management of, an entity for so long as such control exists. 

“Customer” means an individual or legal entity within the Territory that meets the qualifying customer criteria set forth in a Program Appendix. 

“Customer Agreement” means an agreement between a Customer and Microsoft, or a Microsoft Affiliate, and the associated Microsoft license terms that govern a Customer’s use of a Product. 

“Material Discrepancy” means either (i) a material breach of the Agreement; or (ii) amounts revealed to be owed by Company to Microsoft in excess of the specific percentage or dollar amount threshold set forth in the Enrollment or Program Appendix.  

“Offset” means the withholding or deduction from the payment of any invoice amount or amount due by offset, counterclaim, or otherwise. 

“Price List” means the then current list of Products from which Company may order Products for a Product Fee under a Program Appendix.   

“Product Fee” means the royalty, commission, fee, or price to be paid for a Product under a Program Appendix. 

“Product Materials” means the materials, disclosures, and Customer Agreements associated with a specific Product.   

”Product Terms” or “Additional Terms” means the additional terms, conditions, or restrictions that apply to specific Products in connection with a Program. 

“Relevant Records” means, collectively, the books, documents, data, records, papers, and other information and materials related to transactions and obligations contemplated by the Agreement. 

“Program Appendix,” “PAX” or “Program Authorization” means the additional terms applicable to a specific channel authorization, which terms may include authorizations, license grants, restrictions, eligibility or competency requirements, and similar terms.   

“Territory” means the geographic region designated in the Enrollment or in a Program Appendix and in which Company is authorized to exercise its rights in connection with the related Program.   

“Unauthorized Disposition” means theft, loss, transfer, sale, or distribution of Product other than as expressly permitted by the Agreement, including transfer, sale, or distribution of Product outside of the Territory or to an unauthorized party.   

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2. GENERAL RESTRICTIONS AND OBLIGATIONS  

	
 
	
2.1
	
General Restrictions 

	
 
	
(a)
	
Third-Party Rights.  Except as required by Law, Microsoft grants no rights to Company to sublicense Products, or any rights under the Agreement, to any third parties (including Company Affiliates or subcontractors) unless such rights are expressly provided in a Program Appendix.   

	
 
	
(b)
	
No Internal Use Rights.  Company may not (i) use Products acquired under the Agreement for its own internal use; or (ii) distribute or otherwise transfer Products acquired under the Agreement to any of its Affiliates unless, and then only to the extent that, a Program Appendix or any Additional Terms expressly permit such use.   

	
 
	
(c)
	
No Modifications.  Company may not modify any Product (or any packaging or Product Materials) unless Microsoft directs or permits Company to do so in writing. 

	
 
	
(d)
	
No Conflicting Commitments.  Company may not make any representation, warranty, guarantee, or promise with respect to any Product that would conflict with or expand Microsoft’s obligations to a Customer or end user. Company’s instructions to Customers on the use of Products must be consistent with any warranty document, services terms, or end user documentation provided by Microsoft and the Customer Agreement. 

	
 
	
2.2
	
General Obligations 

	
 
	
(a)
	
Technology.  Company agrees to do the following as required to perform its obligations under the Agreement (i) provide the necessary equipment, technology, and infrastructure; and (ii) take necessary steps, on an ongoing basis and as applicable, to access and use Microsoft online tools and Partner Portals.   

	
 
	
(b)
	
Security and Unauthorized Disposition.  Company will take commercially reasonable measures to protect Products and Product Materials under its possession or control from any damage, destruction, or Unauthorized Disposition, and will comply with any additional security requirements otherwise set forth in the Program Appendix and any associated Guide.  Each party agrees to (i) promptly notify the other party if it becomes aware of any material Unauthorized Disposition; and (ii) reasonably cooperate to investigate the suspected activities, and to share relevant information in furtherance of the Agreement. 

	
 
	
(c)
	
Customer Support.  Company agrees to use commercially reasonable efforts and professional care and skill in providing service and support to its Customers as may be otherwise required by the Agreement. 

3. PRODUCT FEES AND ORDERING, GENERAL 

	
 
	
3.1
	
Available Products and Price Lists.  Microsoft will designate one or more Price Lists for each Program.  The Price List(s) will include the Product Fee for each Product.  The Program Appendix or an associated Guide will set forth the process for ordering Products from Microsoft, and how Microsoft will make such Products available to Company under the related Program authorization.   

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3.2
	
Ordering.  Company agrees to submit orders to Microsoft only in quantities that Company can distribute in the normal course of its business.  Microsoft will have no obligation to fulfill orders or liability to Company due to lack of Product availability, any Product shortage, or any delay in fulfillment. Fulfillment times are estimates only.  Microsoft may allocate Products or limit the amount of Product available for order, including in advance of new releases or price changes. Any terms or conditions that Company includes with its orders, invoices or web portals, or otherwise provides to Microsoft in connection with this Agreement, are hereby excluded and will be deemed void and will not amend or modify this Agreement. 

	
 
	
3.3
	
Change Management 

	
 
	
(a)
	
Notice of Changes.  Microsoft may implement updates and changes to its Price List, the Product Fees, available Products and Product features, Product Terms, Product Materials, Guides, and similar documents on notice to Company as set forth in the Program Appendix.     

	
 
	
(b)
	
Acceptance of Changes.  Company agrees that its ordering of a Product represents its acceptance of the Agreement at the time the order is placed, including the Guides, Product Fees and the Product Terms that are applicable to such Product and also in effect at the time the order is placed. 

	
 
	
3.4
	
Company Pricing.  Except as otherwise provided in the Agreement, Company has full discretion to set its own pricing for the resale or distribution of Products.   

4. REPORTING, INVOICING AND PAYMENT, GENERAL 

	
 
	
4.1
	
Reporting.  Company will comply with any reporting obligations described in the Program Appendix and any associated Guide. If Company fails to timely or completely report, Microsoft may, and without waiving any other rights it may have, suspend Company’s orders or withhold amounts due under Investment Programs until Microsoft receives all past due reports.  Microsoft will not invoke its right to remedies in this regard if Company reporting is late due to a Microsoft reporting systems issue.   

	
 
	
4.2
	
Payment 

	
 
	
(a)
	
Microsoft will invoice Company for Product Fees owed to Microsoft, and Company must pay Microsoft such Product Fees on the due date and in the currency stated, in accordance with the payment and invoicing process set forth below.  Company will decide whether to extend credit to its Customers or resellers.  A Customer’s or reseller’s failure to pay Company will not relieve Company of its payment obligations to Microsoft. 

	
 
	
(b)
	
All payments to Microsoft by Company must be made by electronic funds transfer.  Company must provide payment remittance details at or before the time of payment. Remittance detail must indicate the Microsoft invoice number(s) and credit memo number(s) issued which are being paid and claimed respectively. Any remittance sent to Microsoft’s bank after the cut-off time will not be considered received until the following day and may become subject to late payment penalties. 

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4.3
	
Offsets 

	
 
	
(a)
	
Company Offsets.  Company may not take any Offsets before Microsoft issues a credit under a Program (and then only in the amount of such credit communicated by Microsoft).  This includes returns, rebates, credits for Investment Programs, price adjustments, billing errors, shipping claims, handling fees, allowances, remittance costs, commissions, disputes, and other charges.   

	
 
	
(b)
	
Microsoft Offsets.  Microsoft may Offset accruals for any credit or Investments that Company is due to amounts owed by Company to Microsoft under the Agreement.   

	
 
	
4.4
	
Invoice or Payment Discrepancies.  If Company identifies a discrepancy between any quantity, Product Fee, Investment or other amount (a) as invoiced or payable by Microsoft, versus (b) as reported by Company or reflected in Company’s records, then Company must report that discrepancy to Microsoft within 25 days after the invoice issue date (or as otherwise stated in the Program Appendix or Guides) and provide adequate and timely assistance to Microsoft to investigate and resolve the discrepancy.  If Microsoft determines that Company has overpaid, Microsoft will give Company a credit.  Any payment disputes will be treated separately from Company’s obligation to pay invoices and other amounts when due, and Company may not withhold or Offset any amounts due before the dispute is resolved and any related credits are issued (and then only in the amount of such credit).   

	
 
	
4.5
	
Late Payment.  If Company fails to cause the full invoice payment to be received by Microsoft by the payment due date, an audit reveals an underpayment, or Company takes an unauthorized Offset, Microsoft may take any (or any combination) of the following actions to the maximum extent permitted by Laws, and without waiving any other right or remedy it may possess: 

	
 
	
(a)
	
charge interest (of no less than 1% per month, unless prohibited by Law) and late fees on the past due amount from the first day the amount is past due until the amount is paid in full; 

	
 
	
(b)
	
suspend all pending orders, further shipments, or Company’s access to Products under the 

Agreement or one or more Program Appendices; 

	
 
	
(c)
	
require the prepayment of Product Fees on future orders, place Company’s account on hold, reduce Company’s credit limit, or require that Company provide a bank guarantee or other form of security; or 

	
 
	
(d)
	
withhold the past-due amount from any other amounts payable by Microsoft to Company under the Agreement. 

	
 
	
4.6
	
Taxes.  Company is responsible for Taxes and will pay to Microsoft any applicable Taxes that Company owes solely from entering into the Agreement and which are permitted to be collected by Microsoft under Laws. Microsoft will not collect any Taxes covered by a valid exemption certificate that Company provides. If any Taxes are required to be withheld on payments made by Company to Microsoft, Company may deduct such Taxes from the amount owed to Microsoft and pay them to the appropriate taxing authority, but only if Company promptly secures and delivers an official receipt for those withholdings and other documents reasonably requested by Microsoft to claim a foreign tax credit or refund. Company must deliver the receipt within 60 days of payment of the Tax, or maximum time allowed for delivery of the receipt under Laws. Company will use reasonable efforts to ensure that any Taxes withheld are minimized to the extent possible 

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under Laws. The withholding taxes referred to in this section apply to withholding taxes required by the taxing authorities on payments to Microsoft only and do not include any withholding taxes suffered by Company for payments made to Company by its Customers.  For clarity, Company will be responsible for Taxes withheld on payments to or between Company and any Company Affiliates. If Company does business in a jurisdiction that collects VAT, GST, or other similar Tax, Company must provide a tax ID or business number, as applicable, upon request.   

	
 
	
4.7
	
Company’s Financial Condition 

	
 
	
(a)
	
Microsoft is under no obligation to extend credit to Company, and Microsoft reserves the right to impose or adjust at any time the limits on any line of credit granted to Company.  

Company will provide financial statements audited by an independent third party to Microsoft upon Microsoft’s request to verify Company’s financial condition.   

	
 
	
(b)
	
If Company does not provide the requested financial statements, Microsoft may: (i) request advance payment for any pending or future order; (ii) suspend acceptance of orders until Microsoft receives the financial statements; or (iii) place the account on hold or reduce the credit limit to levels deemed appropriate by Microsoft. Furthermore, in the event of contract renewal or extension, Microsoft may delay the renewal of the contract until the latest financial statements, requested guarantees or satisfactory answers to clarification(s) requested have been provided. At any time during the Term, Microsoft may require one or more bank guarantees or other forms of security, in amounts, in a form, and with a bank acceptable to Microsoft. 

	
 
	
(c)
	
Company agrees to promptly notify Microsoft in case of any changes in the structure of its organization that will materially impact how Microsoft and Company engage under the Agreement, including: (i) significant changes in ownership; (ii) changes in company name (both legal name, trade name and/or business name); (iii) mergers/amalgamations/divestments; (iv) location changes; and (v) changes in the operational activities of the organization. Changes in relation to the legal name or registered address of the Company must be supported by an updated tax certificate showing the tax/ VAT registration numbers after the change and any other information or documentation reasonably requested by Microsoft. Company must also promptly notify Microsoft of any change of any Company notice contact name, email or other address, or other information required by a Guide. If a Microsoft agreement number has been assigned, the notice must also reference the applicable Microsoft agreement number. 

	
 
	
(d)
	
A “financial statement” means a balance sheet as of the last day of the calendar quarter or fiscal year, an income statement, statement of cash flows, and any related notes for the quarter and year-to-date, prepared in accordance with “GAAP,” international financial representation standards, or other generally accepted accounting principles in Company’s jurisdiction.  Company must clearly note any departure in the quarterly statements from these principles.  Company’s authorized officer must sign the statements as being legitimately representative of Company’s books and accounts.   

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5. AUDIT, GENERAL 

	
 
	
5.1
	
Duty to Maintain Records.  During the term of the Agreement, and for 2 years after its termination or expiration (the “Audit Period”), Company will maintain complete and accurate Relevant Records. The Relevant Records must not contain any false, misleading, incomplete, inaccurate, or artificial entries.   

	
 
	
5.2
	
Right to Audit.  Microsoft may use a third-party auditor (“Auditor”) to review Relevant Records and audit Company’s premises, operations, processes, and Relevant Records during the Audit Period, to verify performance under the Agreement.  Any third-party Auditor will (a) be independent and internationally recognized, certified or chartered, (b) not be hired on a contingency basis; and (c) be instructed by Microsoft to treat Company’s Confidential Information in accordance with applicable professional standards and the confidentiality requirements in Section 2.7 (Confidentiality and Publicity) of the Core Terms. Except for with respect to Investment Programs, Microsoft will not audit Company more than one time per calendar year to verify performance under this Section 5 unless a prior audit has revealed a Material Discrepancy or noncompliance with Section 4 (Business Integrity Principles) of the Core Terms.   

	
 
	
5.3
	
Audit Procedure 

	
 
	
(a)
	
Microsoft will provide not less than 30 days’ prior notice to Company before beginning an audit. Audits will take place during Company’s regular business hours, and the Auditor will use commercially reasonable efforts to avoid disrupting Company’s operations. Company personnel may escort the Auditor on Company’s premises.  If an audit is conducted with notice, Company will have all Relevant Records and operations available to the Auditor at the beginning of the audit.  Microsoft may have the Relevant Records audited at multiple sites to verify performance under the Agreement. At Microsoft’s option, Company will make all Relevant Records, available to Auditor at one location. If Relevant Records are co-mingled with Company’s other non-relevant and confidential information, Company may redact the Relevant Records with respect to the other non-relevant and Confidential Information.  Company will provide reasonable access to Microsoft or its Auditor to facilitate the audit and permit Microsoft or its Auditor to copy records. At Microsoft’s request, Company will make relevant employees available to the Auditor during the audit. Microsoft will provide Company with a summary of the audit findings upon request. 

	
 
	
(b)
	
If Microsoft has credible and reliable evidence that counterfeiting, piracy or corruption may have occurred, Microsoft or its Auditor may enter Company’s premises without notice to investigate compliance with the Agreement. Company must use reasonable efforts to cooperate with Microsoft to carry out an investigation of the suspected activities. If an investigation results in a referral to law enforcement agencies, or if Microsoft initiates other legal action to enforce its rights against responsible parties, Company agrees to provide reasonable and timely cooperation and information. 

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5.4
	
Payment of Audit Costs and Amounts Due.  Microsoft will pay the cost of audit expenses for verifying Company’s compliance with the Agreement except as provided below. If the audit reveals any discrepancy, Company must promptly pay Microsoft any unpaid amounts due, together with any applicable late fees and interest, calculated from  the date on which such amount became due to Microsoft from the Company, and promptly correct any errors or omissions disclosed by the audit. If the audit reveals a Material Discrepancy, Company must also promptly reimburse Microsoft for the reasonable costs of the audit.   

6. WARRANTIES, DISCLAIMERS AND REMEDIES, GENERAL 

	
 
	
6.1
	
NO IMPLIED WARRANTIES OR REPRESENTATIONS.  EXCEPT AS EXPRESSLY PROVIDED IN A PROGRAM APPENDIX, ALL PRODUCTS ARE PROVIDED TO COMPANY “AS IS.” THE FOREGOING “AS IS” WARRANTY, AND ANY WARRANTIES EXPRESSLY SET FORTH IN A PROGRAM APPENDIX, ARE THE ONLY WARRANTIES MADE BY EITHER PARTY TO THE OTHER.  NEITHER PARTY MAKES ANY OTHER WARRANTIES, REPRESENTATIONS, CONDITIONS OR GUARANTEES TO THE OTHER RELATED TO THE AGREEMENT.  TO THE MAXIMUM EXTENT PERMITTED BY LAWS, EACH PARTY DISCLAIMS ANY IMPLIED WARRANTIES OF NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE. 

	
 
	
6.2
	
HIGH RISK USE WARNING.  THE PRODUCTS ARE NOT DESIGNED OR INTENDED FOR HIGH RISK USE SCENARIOS WHERE FAILURE OR FAULT OF ANY KIND OF THE PRODUCT COULD REASONABLY BE SEEN TO LEAD TO DEATH OR SERIOUS BODILY INJURY, OR TO SEVERE DAMAGE TO TANGIBLE OR INTANGIBLE PROPERTY OR THE ENVIRONMENT.

	
 
	
6.3
	
NO WARRANTIES FOR OTHER ITEMS.  EXCEPT AS EXPRESSLY PROVIDED IN A PROGRAM APPENDIX, MICROSOFT MAKES NO WARRANTIES, REPRESENTATIONS, OR CONDITIONS AS TO ITEMS DISTRIBUTED UNDER A THIRD-PARTY NAME, COPYRIGHT, TRADEMARK OR TRADE NAME THAT MAY BE OFFERED OR COMBINED WITH OR INCORPORATED INTO THE PRODUCTS.  TO THE MAXIMUM EXTENT PERMITTED BY LAWS, MICROSOFT WILL HAVE NO LIABILITY IN CONNECTION WITH THE THIRD-PARTY ITEMS (SUCH AS ANY SUPPLY OR FAILURE TO SUPPLY THEM). 

7. DEFENSE OF THIRD-PARTY CLAIMS, GENERAL 

	
 
	
7.1
	
Application.  Each Program Appendix will identify whether indemnity or defense obligations apply to that channel authorization and the related terms.  In the event that a Program Appendix requires a party (a “Defending Party”) to defend at its own expense the other party (the “Tendering Party”) in a Claim, and to pay a judgment or settlement in such Claim, such requirement will be subject to the conditions and limitations set forth in the Agreement, including those in Section 7.2 below   

	
 
	
7.2
	
Conditions 

	
 
	
(a)
	
The Tendering Party must promptly notify the Defending Party in writing of the Claim, specifying the nature of the claim and the relief sought.   

	
 
	
(b)
	
Except as set forth below, the Defending Party will have sole control over the defense and/or settlement of the Claim, and the Tendering Party must provide the Defending Party with reasonable assistance in the defense of the Claim (for which the Defending Party will reimburse the Tendering Party’s reasonable out of pocket expenses).  The Tendering Party will have the right to employ separate counsel and participate in the defense at its own expense.  

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The Defending Party may not settle the Claim without the Tendering Party’s prior written consent, which consent cannot be unreasonably withheld, conditioned or delayed (except if the settlement requires no expense to or affirmative action by Tendering Party).  Neither party will acknowledge or admit fault or liability on the other’s part nor publicize any settlement without the other’s prior written consent, which consent cannot be unreasonably withheld, conditioned or delayed.   

	
 
	
(c)
	
In a multi-party action that includes Claims for relief directed to both Microsoft and Company, each party will reasonably cooperate on a defense strategy to limit the overall liability for all parties across all Claims in the action.  Such cooperation will include providing specific information, witnesses, and evidence to support Microsoft and Company’s legal theories. 

	
 
	
(d)
	
If Microsoft receives information concerning a covered intellectual property Claim, Microsoft may, at its option and expense, and in addition to its other rights under the Agreement, undertake further actions to mitigate or resolve the Claim such as: (i) procure the copyright, trademark, or patent rights, or licenses to address the Claim; (ii) replace or modify the Product or trademark to make it non-infringing; or (iii) if Microsoft reasonably determines, after the exercise of commercially reasonable efforts,  that neither of the foregoing are feasible, refund the Product Fees paid for affected Products in accordance with the provisions set forth in the associated Guides.   

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8. LIMITATIONS ON LIABILITY, GENERAL 

	
 
	
8.1
	
TO THE EXTENT PERMITTED BY LAWS, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY DAMAGES FOR LOSS OF PROFITS OR REVENUES, BUSINESS INTERRUPTION, OR LOSS OF BUSINESS INFORMATION OR DATA, OR FOR ANY CONSEQUENTIAL, SPECIAL, INCIDENTAL, INDIRECT, OR PUNITIVE DAMAGES. 

	
 
	
8.2
	
THE TOTAL CUMULATIVE LIABILITY (IF ANY) OF EITHER PARTY TO THE OTHER UNDER A PROGRAM APPENDIX (INCLUDING ASSOCIATED INVESTMENT PROGRAMS) IS LIMITED TO DIRECT DAMAGES IN AN AMOUNT NOT TO EXCEED 100% OF THE PRODUCT FEES PAID, DUE OR OWING BY COMPANY TO MICROSOFT UNDER THE PROGRAM APPENDIX DURING THE 12-MONTH PERIOD PRIOR TO THE DATE ON WHICH THE RIGHT TO ASSERT A CLAIM FIRST AROSE, MINUS ANY AMOUNTS PAID BY THE LIABLE PARTY DURING THE SAME PERIOD FOR ANY PRIOR LIABILITY UNDER THE PROGRAM APPENDIX, OR AN AMOUNT AS OTHERWISE INDICATED IN THE PROGRAM APPENDIX. UNLESS OTHERWISE PROVIVED IN THE PROGRAM APPENDIX, IF THE PROGRAM APPENDIX HAS BEEN IN EFFECT FOR LESS THAN 12 MONTHS, DIRECT DAMAGES WILL NOT EXCEED THE AVERAGE MONTHLY PRODUCT FEES PAID, DUE OR OWING MULTIPLIED BY 12. IF A PRODUCT DOES NOT REQUIRE PAYMENT OF PRODUCT FEES, THE AMOUNT USED FOR CALCULATING THE CAP WILL BE $10.00 PER UNIT OF PRODUCT USED OR DISTRIBUTED BY COMPANY DURING THAT PERIOD.  

	
 
	
8.3
	
THE LIMITATIONS ON LIABILITY AND ALLOWABLE DAMAGES WILL NOT APPLY TO EITHER PARTY'S (I) LIABILITIES FOR UNAUTHORIZED USE OR UNAUTHORIZED DISPOSITION OF THE OTHER PARTY’S INTELLECTUAL PROPERTY (INCLUDING VIOLATION OF ANY LICENSE GRANTS AND LIMITATIONS, OR CONFIDENTIALITY OBLIGATIONS IN THE AGREEMENT); (II) OBLIGATIONS TO DEFEND AND PAY THIRD-PARTY CLAIMS; (III) BREACH OF THE BUSINESS INTEGRITY PRINCIPLES SET FORTH IN THE CORE TERMS; OR (IV) FRAUD AND GROSS NEGLIGENCE.  MICROSOFT AND COMPANY AGREE THAT ALL LIMITATIONS ON LIABILITY AND EXCLUSIONS ON ALLOWABLE DAMAGES SHALL APPLY EVEN IF ANY REMEDIES FAIL OF THEIR ESSENTIAL PURPOSE.   

	
 
	
8.4
	
MICROSOFT AND COMPANY AGREE THAT A PARTY’S LIABILITY FOR ANY DAMAGES OR INDEMNITY SHALL BE REDUCED TO THE EXTENT THAT THE OTHER PARTY OR ITS AGENTS CAUSED OR CONTRIBUTED TO THE HARM GIVING RISE TO THE DAMAGES OR INDEMNITY OBLIGATION. 

9. INSURANCE REQUIREMENTS, GENERAL 

	
 
	
9.1
	
General Requirements.  Throughout the Agreement term, Microsoft and Company will each maintain sufficient insurance or a program of self-insurance to cover its risks and obligations under the Agreement. Upon request, a party will provide a certificate of such coverage to the other party to verify its compliance with this provision. 

	
 
	
9.2
	
Program Requirements.  Microsoft and Company each agree to comply with any additional insurance requirements specific to a Program as may be required by the related Program Appendix. 

   

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CHANNEL PARTNER PROGRAM  IOT DISTRIBUTION PROGRAM APPENDIX (“IoT Disti PAX”) 

This IoT Disti PAX enables Company to distribute Products through Microsoft’s IoT Distribution channel subject to Company’s ongoing compliance with the Agreement. 

1. DEFINITIONS 

“Additional Term” or “AT” means a term, condition or restriction described in the Product Terms Document to apply to a specific Product, in addition to the generally-applicable license provisions set forth in the Agreement. 

“Associated Product Material” or “APM” means the materials associated with a specific Product that must be distributed together with that Product if specified by Microsoft. APM does not include Authenticity Tags.  

“Authorized Replicator” or “AR” means a Microsoft-authorized replicator and supplier of APM or Authenticity Tags. 

“Authenticity Tags” means physical labels or other Microsoft-designated indicia of authenticity related to a given Product, such as a COA. 

“Authorized Subcontractor” means a third-party installer (previously referred to as “Third-party Installer” or “TPI”) or integrator that has entered into an agreement with a Qualified Customer as required in the CLA to engage in certain limited activities with Microsoft on a Qualified Customer’s behalf under the Agreement. 

“Certificate of Authenticity” or “COA” means a Microsoft authenticity certificate or label designated for certain Products  

“CLA” means the OEM Customer License Agreement for Customer Systems executed by and between Microsoft and a Qualified Customer. 

“Customer System” means computing devices that a Qualified Customer distributes with Product, as further specified in this IoT Disti PAX and any applicable Additional Terms.  

“Default Charge” means an amount owed as liquidated damages for each Unauthorized Disposition or other specified event of default. 

“Embedded Application” means an industry or task-specific software program and/or function with the following attributes: 

	
 
	
(a)
	
it provides the primary functionality of the Customer System; and 

	
 
	
(b)
	
it is designed to meet the functionality requirements of the specific industry into which the Customer System is marketed and distributed, and it may offer functionality in addition to the Product.  

“Image” means the Microsoft Binaries and the OEM Binaries.  

“Microsoft Binaries” means the redistributable portions of the Product, in object code form, that a Qualified Customer includes in an Image. 

“OEM Binaries” means all software, other than Microsoft Binaries, installed on a Customer System by or on behalf of a Qualified Customer. OEM Binaries includes Embedded Applications. 

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“Price List” means, for the purpose of this IoT Disti PAX, the list of Products and associated Product Fees, as may be amended by Microsoft from time to time. 

“Product(s)” means, for purposes of this IoT Disti PAX, the online services, tools, software, hardware, professional support or consulting services, including Updates, that Microsoft may make available under this IoT Disti PAX. 

“Product Components” means Product, associated Authenticity Tags, any recovery image provided on media approved by Microsoft, Product Keys and Associated Product Materials. 

“Product Key” means a unique identifier key, that is required to activate a Product. 

“Product Recall” means the recall of any Product that Microsoft voluntarily decides to recall or that Microsoft is legally required to recall.   

“Product Terms Document” means the document, published by Microsoft on the Partner Portal, containing Additional Terms. 

“Qualified Customer” means an original equipment manufacturer of one or more Customer Systems that has an active signed CLA.  

“Recovery Image” means a copy of the Image as originally installed on the Customer System. A Recovery Image is used to reinstall the Image.  

“Reporting Guidelines” means the Sales-Out and Royalty Reporting Guidelines posted on the Partner Portal. 

“Sample Code” means the software marked as “sample” or delivered in a folder marked “sample” that may be included as a part of the Product. Sample Code may be in source code or object code format.  

“Standards” means publicly available technical specifications or standards for interoperability that are developed or published by a government-sponsored, industry-sponsored, or contractually-formed group (or any similar organization) that creates or licenses such specifications or standards and that may require licensing for use of patents. “Standards” are deemed to include such specifications or standards developed or published by a single company or organization other than Microsoft (e.g., the VP9 codec specification and other technical specifications independently developed by third parties). 

“Suppliers” means Microsoft, or a Microsoft Affiliate designated by Microsoft, and other licensors or suppliers of Product or portions of Product. 

“Telecommunication Standards” means telecommunications Standards and any related successors or derivatives, including Global System for Mobile (Communications) (GSM), General Packet Radio Services (GPRS), Code Division Multiple Access (CDMA), Single Carrier Radio Transmission Technology 

(CDMA/1xRTT), Long Term Evolution (LTE), Worldwide Interoperability for Microwave Access (WiMAX), 

Evolution-Data Only or Evolution-Data Optimized (“EV-DO”, “EVDO”), Enhanced Data rates for GSM Evolution (“EDGE”), and other such Standards that Microsoft may periodically identify on the Partner Portal. 

“Time Sensitive Event” means a Claim, a Product Recall, a material Product defect or deficiency, or a governmental or regulatory request that Microsoft determines requires Company to cease distribution.  

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“Unauthorized Disposition” means, for the purposes of this IoT Disti PAX, means theft, loss, transfer, sale, or distribution of Product, Product Keys or Authenticity Tags other than as expressly permitted by the Agreement, including transfer, sale, or distribution of Product, Product Keys or Authenticity Tags outside of the Territory  

“Update” means a royalty-free replacement or re-release of a Product. 

“Updated Image” means an Image that includes 

	
 
	
(a)
	
an updated version of the Microsoft Binaries (including an Update); 

	
 
	
(b)
	
an updated version of the OEM Binaries; or 

	
 
	
(c)
	
an updated version of the Microsoft Binaries and an updated version of the OEM Binaries. 

An Updated Image may include the previously distributed version of the Microsoft Binaries or the OEM Binaries, but not both. Additionally, an Updated Image need not be a full replacement Image and may consist only of an Update. All references to Updated Image shall also pertain to Updates unless specifically stated otherwise. 

2. GENERAL RIGHTS, RESTRICTIONS, AND OBLIGATIONS 

	
 
	
2.1
	
Distribution Rights and Restrictions under this IoT Disti PAX 

(a) License.  Company may distribute Products together with all required Product Components, as specified in the Additional Terms and Guides, to Qualified Customers located in the Territory, and may also distribute Products to Authorized Subcontractors s worldwide (subject to any additional terms applicable to worldwide distribution in the Guides). Except as expressly allowed in the Agreement, Company will not distribute, sublicense, lease, rent, loan or otherwise transfer the Authenticity Tags, APM, or the Product to any third party. 

(b) Restrictions 

	
 
	
(i)
	
No Modification of Product Components.  Except as expressly permitted in the Agreement, Company will not modify or translate any of the Product Components.  Company will distribute the Product in the same form/packaging as received from the AR or Microsoft, or a Microsoft Affiliate designated by Microsoft. Company will not modify or remove any part of the contents or packaging of the Product. 

	
 
	
(ii)
	
Removal of Product from Partner Portal.  If Microsoft has removed a Product from the Partner Portal, Company may only continue to distribute the Product until the earlier of: 

	
 
	
(A)
	
the Product distribution end date that is set by Microsoft; and 

	
 
	
(B)
	
termination or expiration of the Agreement or this IoT Disti PAX. 

	
 
	
(iii)
	
No Distribution to Other Microsoft IoT Distributors.  Unless otherwise provided in writing from Microsoft, Company may not deliver Product to any other company that has an effective IoT Disti PAX. 

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2.2
	
Distribution to Qualified Customers.  Company must verify via the designated Partner Portal that each Qualified Customer has an active CLA. If a potential Qualified Customer does not have an active CLA in place, Company must ensure that the potential Qualified Customer executes a CLA prior to distributing Product to such potential Qualified Customer. Upon request, Company will assist the potential Qualified Customer in signing a CLA in accordance with the procedures described in this section.  

	
 
	
(a)
	
Potential Qualified Customers.  Company will perform the following steps for each potential Qualified Customer that elects to sign a CLA as required by this IoT Disti PAX: 

	
 
	
(i)
	
ensure that the potential Qualified Customer’s physical or street address is within the Territory before the potential Qualified Customer signs a CLA; 

	
 
	
(ii)
	
notify each potential Qualified Customer that only an authorized signatory of the prospective Qualified Customer may execute the CLA; 

	
 
	
(iii)
	
ensure that the potential Qualified Customer signs the most current CLA form; 

	
 
	
(iv)
	
instruct the potential Qualified Customer to review the applicable Product Terms Document before the Qualified Customer first licenses any Product; and 

	
 
	
(v)
	
verify that the information provided by the potential Qualified Customer is complete and correct. 

	
 
	
(b)
	
Qualified Customers.  Company: 

	
 
	
(i)
	
may provide Recovery Images and Update Images to Qualified Customers as received from an AR and in accordance with the Guide;  

	
 
	
(ii)
	
may provide Updates on external media and any related Additional Terms to Qualified 

Customer as received from an AR or Microsoft; and  

	
 
	
(iii)
	
will forward to Microsoft the Qualified Customer-signed originals of any hardcopy CLAs returned to Company in time for sales-out reporting. 

(c) Notices to Qualified Customers 

	
 
	
(i)
	
Company will instruct each Qualified Customer that Qualified Customers may only distribute Products: 

	
 
	
(A)
	
as part of the Qualified Customers’ Customer Systems; 

	
 
	
(B)
	
that were obtained by the Qualified Customers directly from a Microsoft-authorized distributor; and  

	
 
	
(C)
	
in accordance with the CLA and the Product Terms Document. 

	
 
	
(ii)
	
Company will instruct each Qualified Customer that Qualified Customers may only reproduce and distribute Update Images, Updates, and Recovery Images in accordance with the CLA. 

	
 
	
(d)
	
Early Product Distribution.  Microsoft agrees that between the time Company has been notified that the Qualified Customer has signed the CLA and the date Microsoft countersigns the CLA (a) Company may distribute Products to the Qualified Customer, and (b) that, as between Microsoft and Company, the CLA will be deemed countersigned by Microsoft.  

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(e)
	
Cease Distribution to Qualified Customers.  Company will cooperate with Microsoft in investigating instances of unauthorized distribution of Products by Qualified Customers. Upon notice from Microsoft, Company will promptly discontinue distribution of Product to Qualified Customers. Company will make commercially reasonable efforts to retrieve any Products previously distributed to such Qualified Customers. 

	
 
	
(f)
	
No Conflicts.  Company will ensure that any agreement that it has with a Qualified Customer is consistent with Company’s rights and obligations under the Agreement. Company will not provide to Qualified Customers any non-Microsoft information that conflicts with, supersedes, or purports to supersede the CLA or the Product Terms Document. 

	
 
	
2.3
	
Ordering Product from Authorized Replicators 

	
 
	
(a)
	
Company may only acquire APM and Authenticity Tags from ARs. A list of ARs is available on the Partner Portal. Microsoft may update that list from time to time. Unless Company has prior written authorization from Microsoft, Company must require ARs to ship the APM and Authenticity Tags to premises owned or controlled by Company in the Territory.   

	
 
	
(b)
	
Company will order and acquire from an AR (or Microsoft, or a Microsoft Affiliate designated by Microsoft) only those Products listed on the designated Partner Portal. 

	
 
	
(c)
	
Company may order Recovery Images and Update Images (on behalf of Qualified Customers) that are based on Products listed on the designated Partner Portal. Recovery Images and Update Images may only be distributed to Qualified Customers, or Authorized Subcontractors on behalf of Qualified Customers. 

	
 
	
(d)
	
Microsoft may require ARs to refuse or limit orders placed by Company in quantities greater than Microsoft reasonably determines that Company will be able to make timely payment for or distribute. Microsoft will give Company written notice if it takes this action. 

	
 
	
2.4
	
Internal Development, Testing, and Qualified Customer Support.  Company may acquire Product software and a commercially reasonable number of Product Keys strictly for internal development, testing, training, and/or Qualified Customer support purposes only in nonproduction environments on Company premises. 

	
 
	
2.5
	
Product Support.  Company agrees to use commercially reasonable efforts and professional care and skill in providing service and support for the Products to Qualified Customers. Company will advise Qualified Customers to contact Company for support. During the Term, Company will maintain a valid technical support services contract for the Products through Microsoft OEM Services for Embedded Partners or with a third party for an equivalent level of such services. Company may demonstrate to Microsoft that Company itself provides an equivalent level of such services. Should Microsoft, in its sole discretion, determine that Company’s services are of an equivalent level, Microsoft may deem that such services may be relied upon in lieu of such contract.  Company will provide Microsoft with 90 days’ prior written notice of any substantive change in Company’s support policy for Products. If Company chooses to acquire support through Microsoft, Company agrees that Microsoft may charge applicable support fees under such contract. 

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2.6
	
Other Parties 

	
 
	
(a)
	
Independent Controllers.  Unless Microsoft and Company enter into additional terms addressing processing of Personal Data, they agree that they are each acting as independent controllers for purposes of any Personal Data used or shared under this Program and, as such, they will each independently comply with any applicable Data Protection Law that pertains to independent controllers. 

	
 
	
(b)
	
Microsoft Affiliates.  Microsoft Affiliates are third-party beneficiaries of the Agreement. If the doctrine of third-party beneficiaries is not recognized in the applicable jurisdiction, the parties agree that while Microsoft’s Affiliates are not parties to the Agreement, the Microsoft entity designated in the Enrollment is a trustee of Microsoft’s Affiliates for the limited purpose 

of holding in trust those rights in favor of Microsoft’s Affiliates. The parties agree that a Microsoft Affiliate may enforce such rights without being required to add the Microsoft entity designated in the Enrollment as a party to any proceedings for such enforcement. 

	
 
	
(c)
	
Company Affiliates.  Company may not authorize a Company Affiliate to perform Company’s obligations under this IoT Disti PAX without Microsoft’s prior express written approval.  

	
 
	
2.7
	
No Company CLA.  Company will not execute a CLA unless expressly permitted by Microsoft. Company is not permitted to act as a Qualified Customer. 

3. AVAILABLE PRODUCTS  

	
 
	
3.1
	
Available Products and Price List 

	
 
	
(a)
	
The Price List will identify the specific Products that Company is authorized to distribute under this Program. The Price List or the Enrollment may also identify any related Product Terms and Guides specific to the authorized Products. Company’s eligibility to continue distributing Products under this IoT Disti PAX under any special pricing, discounts, or incentives may be subject to Company meeting certain distribution volumes and capabilities.   

	
 
	
(b)
	
Product Fees are stated as a base list price, before applying any taxes, duties, fees, excises, or tariffs. Listed Product Fees do not reflect any: (i) incentives, discounts, or rebates for which a Product may be eligible; (ii) additional Default Charges that Company may owe to Microsoft as the result of its breach of the Agreement; or (iii) possible additional charges from third parties for media, Authenticity Tags, or APM, for which Company is responsible. Any exceptions applicable to Company’s duty to pay the Product Fees for a given Product will be set forth in the Guide. 

	
 
	
3.2
	
Change Management.  Microsoft may implement updates and changes to its Price List, the Product Fees, the Territory, available Products and Product features, Product Terms, Product Materials, and Guides by providing written notice directly to Company or by notice issued via the Price List or a Partner Portal.   

	
 
	
(a)
	
Changes to Product Fees.  Microsoft may lower or raise Product Fees for existing Products at any time and for any reason or no reason via an update to the Price List.  

	
 
	
(b)
	
Changes to Available Products and Product Features and Functionality. At least 15 days prior to the first day of each month, Microsoft will post the Price List for the upcoming month on the Partner Portal.  Microsoft may modify the Price List upon any monthly update cycle. 

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Submission of Product orders to ARs or distribution of Product after the effective date of any modifications to the Price List will constitute Company’s acceptance of such modifications. The new Price List will be effective on the date specified on the Price List or, if no date is specified, upon notice of the change. 

	
 
	
(i)
	
Microsoft may add new Products to the Price List at any time without notice. 

	
 
	
(ii)
	
Microsoft may remove a Product (or form factor, version or SKU) from the Price List at any time without notice. Microsoft will use reasonable efforts to provide 30 days’ notice before such removal becomes effective unless the removal relates to a Time Sensitive Event a currency fluctuation event, or a cease distribution event. 

	
 
	
(iii)
	
Microsoft may modify an existing Product to add new features or functionality or remove existing features or functionality at any time without notice. Microsoft will use reasonable efforts to provide 30 days’ notice before a material modification becomes effective unless 

the modification relates to a Time Sensitive Event, a currency fluctuation event, or a cease distribution event.  

	
 
	
(c)
	
Changes to Guides.  Microsoft may modify any Guide arising under this IoT Disti PAX with 30 days’ prior notice. 

	
 
	
(d)
	
Changes to Territory.  Microsoft may change the approved Territory at any time.  Microsoft will give Company at least 90 days’ prior notice before it reduces the geographic regions included in approved Territory. 

	
 
	
3.3
	
Cease Distribution Events.  Company will not distribute or market any Products for which it has received notice from Microsoft to cease distribution.  Upon receipt of such notice from Microsoft, Company will use reasonable efforts to cease distribution and marketing of affected Products within the time periods described in subsections (a) and (b) below and will cooperate and comply with Microsoft’s instructions regarding the disposition of such Products.

	
 
	
(a)
	
Time Sensitive Cease Distribution Events.  In the event of a Time Sensitive Event, Company will use reasonable efforts to cease distribution and marketing of the affected Product immediately upon notice from Microsoft. 

	
 
	
(b)
	
Other Cease Distribution Events.  In scenarios other than a Time Sensitive Event, Company will cease distribution and marketing of the affected Product within 30 days of the date of notice from Microsoft. 

	
 
	
(c)
	
Responsibility for Product Fees.  Microsoft will issue a credit to Company for the Product Fee paid for the affected Product if it issues a cease distribution notice under Sections 3.3(a) or (b), unless the applicable Product Terms or Guide provide otherwise.  

	
 
	
(d)
	
Duty to Mitigate.  If Microsoft issues a notice to cease distribution to Company and Company continues to distribute and market the affected Product after the time periods described in subsections (a) and (b) above, then Microsoft will have no duty or liability arising from Company’s continued distribution and marketing in violation of such notice, including under Section 7 (Defense of Third Party Claims, General) of the Channel Terms or Section 7 below.  

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3.4
	
Product Ownership.  This IoT Disti PAX does not give Company title to any Product, packaging, papers, materials, or other property of Microsoft related to a Product. Microsoft retains title to all APM and Authenticity Tags (and related materials) from the time that the Product is acquired by Company until Company distributes the Product to the Qualified Customers or an OM on behalf of the Qualified Customer. In no circumstances will any receiver or trustee of Company be entitled to sell or distribute any Product obtained by Company pursuant to this IoT Disti PAX. 

4.  REPORTING, INVOICING, PAYMENT, AND RETURNS 

	
 
	
4.1
	
Reporting.  Within 15 days after the end of each calendar month, Company will provide a report as required by the then-current Reporting Guidelines. Company must provide a final report 15 days after the Agreement or this IoT Disti PAX terminates or expires. If Company does not provide a sales-out report within the time-period provided in this Section 4.1 and fails to provide a salesout report after 30-day notice sent by Microsoft, Microsoft may place on hold new orders from Company. Company will be unable to place new orders under this IoT Disti PAX until all past due sales-out reports are submitted. 

	
 
	
4.2
	
Invoicing and Payment 

(a) Invoices.  For each unit of Product distributed by Company, Company agrees to pay Microsoft the Product Fee in the Price List in effect during the month in which Product is shipped by Company. For each Product licensed under this IoT Disti PAX, Microsoft will invoice Company for the royalties and other amounts due for each month. Microsoft will post any applicable invoice on the Partner Portal within 3 business days after the date of invoice. Microsoft will also provide invoices by mail if required by Laws or requested by Company.  

(b) Payment 

	
 
	
(i)
	
Payment Due Date. Company must remit one payment to Microsoft as specified in the Reporting and Payment Schedule. Payments are due no later than 45 days after the end of each calendar month in which Company is reporting (“Payment Due Date”). Company will pay each invoice by the Payment Due Date. Company must include the Microsoft Agreement number and the Microsoft invoice numbers with each payment. Payments exclude any taxes, duties, fees, excises or tariffs imposed on any of the Company’s activities in connection with the Agreement. Company must pay these charges, taxes and other fees. Royalties also exclude any charges by the AR for Authenticity Tags or APM.  

	
 
	
(ii)
	
Currency. All payments will be made in US Dollars, unless otherwise specifically provided in this IoT Disti PAX, the Program Enrollment, or a Guide. If Microsoft (China) Company Limited is the Microsoft contracting entity or a Microsoft Affiliate under the Agreement, with respect to Company’s transactions with Microsoft (China) Company Limited, all payments must be in Renminbi (CNY) and amounts owed will not be satisfied by a tender or any recovery pursuant to any judgment that is expressed in or converted by Microsoft to any currency other than CNY. Microsoft will establish the exchange rate for a given month by using the London spot close foreign exchange rate published in Reuters two business days prior to the last business day of the previous month. Such exchange rate will apply against orders fulfilled during the applicable month and will be reflected in the corresponding invoice. Notwithstanding this, Microsoft reserves the right to modify the process of conversion from US Dollars to Renminbi (CNY), provided that Microsoft gives 90 days prior notice to Company. 

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(c)  Late Payment. In addition to the remedies set forth in Section 4.5 (Late Payment) of the Channel Terms, if Company fails to pay any royalty or other payment due under this IoT Disti PAX by the applicable due date, then Microsoft may: 

	
 
	
(i)
	
assess a non-recurring late charge of 1% on the past due amount;  

	
 
	
(ii)
	
assesses a recurring late charge on the past due amount at an annual rate equal to 12% (accruing daily from the Payment Due Date through the date of actual payment); and 

	
 
	
(iii)
	
require ARs to suspend all pending Company orders. Microsoft will charge late fees to the extent permitted by Laws. If Microsoft charges late fees, it will be without prejudice to any other right or remedy available. 

	
 
	
4.3
	
Reporting Error.  If Company discovers a reporting error, Company will report the error to Microsoft in writing within 3 calendar months after the end of the calendar month in which the Product was distributed. 

	
 
	
4.4
	
Returns. Company will manage any returns of Product in accordance with the applicable Guide.  

5.  AUDIT.  The following audit requirements are in addition to those set forth in Section 5 (Audit, General) of the Channel Terms.  

	
 
	
5.1
	
Relevant Records.  For the purposes of this IoT Disti PAX, “Relevant Records” will include complete financial statements and all documents related to acquisition, reproduction, installation, distribution, and other disposition of each unit of Product Component (including manufacturing processes and systems related to the management of Product, Authenticity Tags and Product Keys). If Relevant Records are co-mingled with other non-relevant and Company Confidential Information, Company may provide complete records that redact such non-relevant Confidential Information. 

	
 
	
5.2
	
Material Discrepancy Threshold.  For purposes of this IoT Disti PAX, the Material Discrepancy threshold will be met if an audit reveals amounts owed by Company to Microsoft in excess of US$25,000.00, or, if Microsoft (China) Company Limited is the Microsoft contracting entity or a Microsoft Affiliate under the Agreement, with respect to Company’s transactions with Microsoft 

(China) Company Limited, CNY 200,438.00, for the applicable Products during the audited period.  

6.  AUTHENTICITY TAG AND APM MANAGEMENT, DEFAULT CHARGE  

	
 
	
6.1
	
Authenticity Tag and APM Management.  

	
 
	
(a)
	
Company assumes all risk of loss of, or damage to, Authenticity Tags or APM during transit between suppliers and Company. Company must implement digital and physical security measures, inventory management policies, and controls designed to prevent the loss, theft, or other unauthorized use or distribution of all Authenticity Tags and APM. Company must track and maintain accurate records of the location of all Authenticity Tags and APM.  

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(b)
	
If Company becomes aware of any Unauthorized Disposition, or of any loss or damage caused by a Force Majeure, Company must immediately notify Microsoft. Company must give Microsoft reasonable assistance if Microsoft chooses to investigate the Unauthorized Disposition. If Microsoft presents Company with credible and reliable evidence that an Unauthorized Disposition of Authenticity Tags or APM in Company’s control has occurred, Company must use reasonable efforts to cooperate with Microsoft to carry out an investigation of the suspected activities.  Notwithstanding any limitations set forth in Section 5 (Audit, General) of the Channel Terms, upon request from Microsoft, Company agrees to provide Microsoft with access to records, IT systems and physical sites directly related to Company’s management of Authenticity Tags and APM.  If an investigation results in a referral to law enforcement agencies, or if Microsoft initiates other legal action enforce its rights against responsible parties, Company agrees to provide reasonable and timely cooperation and information. 

	
 
	
6.2
	
Default Charge.  Company must pay the Default Charge for each unit of Product (including Authenticity Tags) distributed in violation of the terms of the Agreement, including this IoT Disti PAX.  If Company cannot account for Product, those missing Products will be deemed to have been distributed in violation of the Agreement. The parties agree that the Unauthorized Disposition of Product would result in damages to Microsoft that are impractical and difficult to ascertain. The parties also agree that the Default Charge is a reasonable and genuine estimate of the loss to Microsoft.  The Default Charge for each Product is 130% of the royalty for the Product (excluding discounts and rebates), less any royalty paid. Payment of the Default Charge and any late fees will constitute Microsoft’ sole and exclusive compensatory remedy in case of unauthorized distribution of Product software, recovery media or Authenticity Tags, provided, that this does not limit Microsoft’ ability to seek equitable relief in case of Unauthorized Disposition of same. 

	
 
	
6.3
	
Damaged Materials.  For Authenticity Tags damaged irreparably during the ordinary course of Company’s business, Company will: 

	
 
	
(a)
	
Maintain a log of each damaged or destroyed COA. For each such COA, the log must include the date damaged or destroyed, Product name, COA serial number and cause of damage or destruction; and 

	
 
	
(b)
	
Return each damaged COA to the AR and/or Microsoft Affiliate from which the COA was acquired as outlined in the Returns and Destruction Process on the Partner Portal. 

	
 
	
6.4
	
Materials in Transit.  Company assumes all risk of loss or damage to Authenticity Tags and APM in transit between AR and Company. 

	
 
	
6.5
	
Replacement Units.  No additional royalty will accrue to Microsoft for Product or Recovery Media that is shipped to replace a defective unit. Company must distribute such replacement units directly to Qualified Customer at no charge, except for the reasonable costs Company incurs for materials, shipping, and handling. 

7.  DEFENSE OF THIRD-PARTY CLAIMS.  The following defense obligations are subject to the conditions and other terms in Section 7 (Defense of Third-Party Claims, General) of the Channel Terms.  

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7.1
	
Microsoft Obligations 

	
 
	
(a)
	
Subject to any Product-specific defense limitations or exclusions contained in the Product Terms and any other conditions and limitations in the Agreement, including subsection (b) below, Microsoft will, at its own expense, defend Company based on a Claim, and pay a judgment or settlement in such Claim, to the extent:  

	
 
	
(i)
	
arising from Microsoft's gross negligence, or intentional acts or omissions;  

	
 
	
(ii)
	
alleging that the Product, or Company’s use of Microsoft trademarks in connection with promotion of Products, infringes a third party’s trademark;  

	
 
	
(iii)
	
alleging that the Product, alone, without combination or modification, either (1) directly infringes an asserted patent claim or (2) embodies all the essential inventive elements of an asserted patent claim; except for patents that are alleged to be infringed by or essential to an implementation of a Standard, provided that this exception does not apply to third party claims where Company has merely distributed the Products in compliance with this Agreement and in the form as it was provided to Company by Microsoft; or 

	
 
	
(iv)
	
alleging that the Product infringes a third party’s copyright; or 

	
 
	
(v)
	
alleging that the Product misappropriates a trade secret (as “misappropriates” and “trade secret” are defined in the Uniform Trade Secrets Act or, if the Agreement is governed by the laws of a jurisdiction outside the United States, “misappropriates” will mean “intentionally unlawful use” and “trade secret” will mean “undisclosed information” as specified in Article 39.2 of the Agreement on Trade-Related Aspects of Intellectual Property Rights, including Trade in Counterfeit Goods (TRIPS Agreement); Microsoft has no duty or liability to the extent that the trade secret Claim is based on Company acquiring a trade secret (1) through improper means, (2) under circumstances giving rise to an independent duty by Company or a Company Affiliate to maintain secrecy or limit the use of the trade secret, or (3) from a party (other than Microsoft or its suppliers) that owed a duty to maintain the secrecy or limit the use of the trade secret to the party asserting the trade secret claim). 

Any such claim, as defined above, being a “Company Claim” or “Claim” where the context requires.  

	
 
	
(b)
	
Limitations.  Notwithstanding the foregoing, Microsoft has no obligation or liability (i) based on Company’s manufacture, use, sale, offer for sale, importation or other disposition or promotion of Product or trademark in violation of the Agreement, but only to the extent that the Claim results from such violation; or (ii) with respect to Sample Code.  

	
 
	
(c)
	
Other Claims 

	
 
	
(i)
	
Regarding any claim (other than a Company Claim) related to a Product, Company will promptly notify Microsoft in writing of such claim. Microsoft has no duty to defend Company or pay damages arising out of such claim.  

	
 
	
(ii)
	
Company agrees that Microsoft has the right, in its sole discretion, to assume at any time the defense of any such claim. If Microsoft assumes the defense of any such claim: 

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(A)
	
Microsoft will notify Company in writing of Microsoft’s election;  

	
 
	
(B)
	
Microsoft must have sole control over the defense and settlement of the claim;  

	
 
	
(C)
	
Company will provide Microsoft with reasonable assistance in the defense of the claim;  

	
 
	
(D)
	
Microsoft will defend Company against that claim; and  

	
 
	
(E)
	
Microsoft will pay any adverse final judgment (or settlement that Microsoft consents to) resulting from defending such claim. 

	
 
	
(d)
	
Notices; Injunctions 

	
 
	
(i)
	
Microsoft may provide Company with notice of a recommendation that Company stop the manufacture, use, sale, offer for sale, importation or other disposition or promotion of Products or trademark due to a claim (including a Company Claim). Company will reimburse Microsoft and Microsoft Affiliate designated by Microsoft for all damages, costs, and expenses (including reasonable attorneys’ fees) they incurred because of Company’s activities contrary to such recommendation more than 20 days after the date of Microsoft’s notice. 

	
 
	
(ii)
	
If, in connection with a claim (including a Company Claim), a court enjoins Company from distributing any Products in its inventory and within 60 days after the injunction: 

	
 
	
(A)
	
the injunction is not lifted; 

	
 
	
(B)
	
Microsoft has not procured a license that enables Company to distribute the enjoined Products; and 

	
 
	
(C)
	
Microsoft has not modified the affected Products to make them non-infringing; then such Products will not be available for distribution under the Agreement. Company will return any corresponding Products in accordance with the then-current Guide. 

Company Obligations.  Company will, at its own expense, defend, indemnify, and hold Microsoft and its Suppliers harmless based on a Claim, and pay a judgment or settlement in such Claim, to the extent:    

	
 
	
(a)
	
arising from Company's default or breach of the Agreement, gross negligence, or intentional acts or omissions;  

	
 
	
(b)
	
arising from Company’s marketing, advertising, promotion of any Product, whether in the regular course of distribution or in connection with Company’s participation in any Investment Program, including any misrepresentation or unauthorized statements about Microsoft or any Product (except to the extent the Claim arises from Company's actions taken at Microsoft’s request or the use of materials provided by Microsoft without material alteration by Company);   

	
 
	
(c)
	
alleging property damage, death or personal injury attributable to, and proximately caused by, Company’s modification of Products or combination of a Product with another non-Microsoft product (except to the extent the Claim arises from Company's actions taken at Microsoft’s request);  

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(d)
	
alleging that Company’s combination of a Product with any Non-Microsoft Product infringes a third party’s patent, copyright, or trade secrets, to the extent such infringement would not have arisen but for such combination (and except to the extent the Claim arises from Company's actions taken at Microsoft’s request); 

	
 
	
(e)
	
alleging that Microsoft’s use of Company trademarks in connection with promotion of Company or Company's products infringes a third party’s trademark;  

	
 
	
(f)
	
arising from Company’s continued use, sale, offer for sale, importation or other disposition or promotion of a Product, use of Microsoft intellectual property, or participation in any Investment Program, more than 30 days following notice from Microsoft requesting or requiring that Company cease such activities due to a Claim (any such, a “Microsoft Claim” or a “Claim” where the context requires). 

	
8.
	
TERM AND TERMINATION. The following provisions are specific to the termination of the Agreement and/or this IoT Disti PAX. Section 8.3(d)(i) below addresses the impact of termination on other authorizations between Microsoft and Company that may share common terms.   

	
 
	
8.1
	
Term and Expiration.  The Agreement will be effective as of the Effective Date stated on the Program Enrollment and shall remain in effect until the earlier of when it naturally expires if the 

Program Enrollment specifies a term period or when either party terminates it according to the Agreement terms. Termination will be effective without further action by the parties at the end of the applicable notice period.   

	
 
	
8.2
	
Termination Without Cause.  Either party may terminate the Agreement or a Program Appendix at any time without cause and without the intervention of the courts by giving the other party not less than notice as follows: 

	
 
	
(a)
	
90 days’ notice for this IoT Disti PAX; and 

	
 
	
(b)
	
90 days’ notice for the Agreement, unless a separate channel authorization under the Agreement requires a longer notice period for terminating the Agreement, in which case the longer notice period will control.  

	
 
	
8.3
	
Termination for Cause 

	
 
	
(a)
	
If a party materially breaches the Agreement or a Program Appendix, the other party can terminate the Agreement or the Program Appendix for cause. The terminating party will give the breaching party not less than 30 days’ notice and the opportunity to cure the breach if the cause for termination is curable. If the breach is not curable, the breaching party has already been given the opportunity to cure the same or a similar breach before, or the breach relates to the disclosure of confidential information, misappropriation of intellectual property, insolvency, bankruptcy or similar proceedings under law, the admission in writing of an inability to pay debts or the assignment for the benefit of creditors, then the non-breaching party may terminate the Agreement or this IoT Disti PAX immediately upon notice.  In addition, if an event described in Section 8.3(b)(iii) occurs, then Company’s distribution rights under the Agreement will be suspended as of the date such event occurs.   

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(b)
	
Microsoft may also terminate the Agreement or this IoT Disti PAX for cause if Company: 

(i)submits “zero dollar” royalty reports (or, if Microsoft (China) Company Limited is the Microsoft contracting entity or a Microsoft Affiliate under the Agreement, with respect to Company’s transactions with Microsoft (China) Company Limited), “zero CNY” royalty reports), for 3 consecutive calendar months; 

(ii)materially fails to comply with any surviving payment obligation under a prior Microsoft OEM Distribution Agreement for software Products for Customer Systems;  

	
 
	
(iii)
	
becomes insolvent, enters bankruptcy or similar proceedings under applicable law; admits in writing its inability to pay its debts; or makes or attempts to make an assignment for the benefit of creditors; or 

	
 
	
(iv)
	
does not meet any of the payment terms required under this IoT Disti PAX. 

	
 
	
(d)
	
Effect of Termination 

	
 
	
(i)
	
Termination of Other Documents.  Termination or expiration of the Agreement will terminate this IoT Disti PAX, the Channel Terms, and the Core Terms solely as incorporated in the Agreement; although the Channel Terms and Core Terms will continue to survive if they are incorporated into a separate and surviving agreement as between Microsoft and Company, but solely with respect to such separate and surviving agreement(s).  

	
 
	
(ii)
	
Product Obligations.  Upon termination or expiration of the Agreement or this IoT Disti PAX, all of Company’s license rights will immediately cease and Company must immediately cease distribution of all Products. 

	
 
	
(iii)
	
Return of Property.  Within 10 business days from expiration or termination of the Agreement, Company will: 

	
 
	
(A)
	
Return all Products in inventory to an AR per the Returns and Destruction Policy on the Partner Portal; 

	
 
	
(B)
	
Return any hardcopy CLA forms to Microsoft; and  

	
 
	
(C)
	
Return to Microsoft, or destroy at Microsoft’s direction, any Microsoft Confidential Information or other Microsoft property in Company’s possession or under Company’s control.   

	
 
	
(iv)
	
Payment Obligations. If Microsoft terminates the Agreement or this IoT Disti PAX due to Company’s breach, Company must pay all outstanding amounts due as of the termination effective date. In all other cases, Company must pay all outstanding amounts due within 30 days of the effective date of termination or expiration. Microsoft may withhold any amounts or credits due to Company until it receives Company’s payment in full of any amounts due. 

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(v)
	
To the extent permitted by Laws, neither party will be liable to the other for damages resulting solely from terminating the Agreement or this IoT Disti PAX according to its terms. 

	
 
	
(e)
	
Termination Assistance.  Upon notice that the Agreement or this IoT Disti PAX is expiring or to be terminated, each party must assist the other to wind-down their respective obligations under the Agreement or this IoT Disti PAX in an orderly manner. 

	
 
	
(f)
	
Unauthorized Disposition of Products.  Upon the termination of the Agreement or this IoT Disti PAX, or if Microsoft suspends Company’s distribution rights, Microsoft may take any actions that may be advisable to prevent Unauthorized Disposition of Products then in Company’s inventory and to ensure timely return or destruction of such Products. 

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CUSTOM TERMS ADDENDUM TO 

MICROSOFT GLOBAL PARTNER AGREEMENT 

(BSQUARE CORPORATION) 

 

	
CHANGES OR ADDITIONS TO AGREEMENT I. 
	
Windows 10 IoT Enterprise 2015—[***] and [***]Point of Service Devices 

	
 
	
1.
	
Subject to the terms of the Agreement, Microsoft grants Company the right to distribute the Microsoft Products specified herein to [***] solely for use in up to [***] new, Point of Service Customer Systems (“POS Devices”) to be distributed to [***] and its franchisees [***] as follows:  

	
 
	
(a)
	
Company may purchase one of the following Products at a Product Fee of [***] USD per unit for the purposes of Par creating an Image for preinstallation onto new POS Devices to be shipped to [***]: 

 

		
	
Product Name 
	
End Item Part Number 

	
Windows Embedded POS Ready 7 
	
S5C-00065 

	
Windows® 10 IoT Enterprise 2015 LTSB for Retail or Thin Clients (ESD) 
	
5JV-01146 

	
Windows® 10 IoT Enterprise 2015 LTSB Value (ESD) 
	
6EU-00121 

	
Windows® 10 IoT Enterprise 2015 LTSB Value (ESD) 
	
6EU-00125 

	
Windows® 10 IoT Enterprise 2016 LTSB Value (ESD) 
	
6EU-00030 

	
Windows® 10 IoT Enterprise 2016 LTSB Value (ESD) 
	
6EU-00035 

	
Windows® 10 IoT Enterprise SAC Value (ESD) 
	
6F6-00031 

	
Windows® 10 IoT Enterprise SAC Value (ESD) 
	
6F6-00037 

	
 
	
(b)
	
[***] may choose to distribute with each new, [***] POS Device, one of the following 

Field Upgrade Products (“Field Upgrade License”) for a Product Fee of [***] USD per unit: 

 

		
	
Product Name 
	
End Item Part Number 

	
Windows® 10 IoT Enterprise 2015 LTSB Upgrade Value (ESD) 
	
6EU-00128 

	
Windows® 10 IoT Enterprise 2015 LTSB Upgrade Value (ESD) 
	
6EU-00131 

	
Windows® 10 IoT Enterprise 2016 LTSB Upgrade Value (ESD) 
	
6EU-00041 

	
Windows® 10 IoT Enterprise 2016 LTSB Upgrade Value (ESD) 
	
6EU-00047 

	
Windows® 10 IoT Enterprise SAC Upgrade Value (ESD) 
	
6F6-00043 

	
Windows® 10 IoT Enterprise SAC Upgrade Value (ESD) 
	
6F6-00049 

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(c)
	
Company will pay the Product Fee set forth in paragraph 1(a) and 1(b) above.  For each unit of Product purchased in 1(a) and 1(b) above, Company must include the following billing code in its sales out report:  127662. 

	
 
	
2.
	
For installation on existing, in-field POS Devices currently deployed by [***], Company may purchase the Field Upgrade Licenses listed in Section I (1)(b) of this Custom Terms Addendum, at a Product Fee of [***] USD per unit.  For each Field Upgrade License Product purchased for the purposes described in this Section I (2) of the Custom Terms Addendum, Company must include the following billing code in its sales out report: 127440. 

	
 
	
3.
	
Company will inform [***] to modify the License Terms for the Products to incorporate limitations specified above. Company will require Par to have hardware that can support the Field Upgrade license at time of purchase.  

	
 
	
4.
	
The rights set forth in this Section I of the Custom Terms Addendum are effective until the earlier of (i) February 29, 2020, or (ii) termination of the Agreement. 

	
 
	
5.
	
Company acknowledges and agrees that this is a one-time offer limited in duration and that Microsoft is not obligated at any time in the future to make a similar offer available to Company. 

II. Windows 10 IoT Enterprise 2016—[***]

	
 
	
1.
	
For the period beginning July 1, 2017 and ending on June 30, 2020, Company may distribute to [***] only, the Products listed below at a Product Fee that is [***] discount from Customer's price tier, provided that [***] meets the milestone requirements specified in Section III (2) below. 

 

		
	
End Item Number 
	
Legal name 

	
6EU-00029 
	
Windows® 10 IoT Enterprise 2016 LTSB High End (ESD) 

	
6EU-00034 
	
Windows® 10 IoT Enterprise 2016 LTSB High End (ESD) 

	
6EU-00046 
	
Windows® 10 IoT Enterprise 2016 LTSB Upgrade High End (ESD) 

	
6EU-00040 
	
Windows® 10 IoT Enterprise 2016 LTSB Upgrade High End (ESD) 

	
6EU-00049 
	
Windows® 10 IoT Enterprise 2016 LTSB High End (ESD) 

	
6F6-00030 
	
Windows® 10 IoT Enterprise SAC High End (ESD) 

	
6F6-00036 
	
Windows® 10 IoT Enterprise SAC High End (ESD) 

	
6F6-00042 
	
Windows® 10 IoT Enterprise SAC Upgrade High End (ESD) 

	
6F6-00048 
	
Windows® 10 IoT Enterprise SAC Upgrade High End (ESD) 

	
6F6-00051 
	
Windows® 10 IoT Enterprise SAC Upgrade High End (ESD) 

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2.
	
On an annual basis, Company must verify continued eligibility for the Product discounts listed in Section III (1) of this Custom Terms Addendum, based on [***] achievement of the following milestones.  Microsoft will assist with this assessment by confirming to Company upon request whether [***] remains eligible for the discount.   

	
 
	
(a)
	
Year 1 Milestone (July 1, 2017 – June 30, 2018). [***] must: 

	
 
	
(i)
	
move all devices currently on Windows 7 Embedded Systems to Windows 10 IoT Enterprise; 

	
 
	
(ii)
	
provide an Azure security and surveillance solution beta operational with 10+ End User Network Video Recorders (NVRs) attached; 

	
 
	
(iii)
	
provide an Azure security and surveillance solution released with general availability and active marketing efforts;  

	
 
	
(iv)
	
provide an Azure security and surveillance solution generally available and marketed across US and Canada; 

	
 
	
(v)
	
provide at least one Windows 10 IoT device attached to an Azure solution released with general availability (Note: Archive storage to Azure cloud would count if attached to Windows 10 IoT device);  

	
 
	
(vi)
	
provide quarterly reporting to Microsoft Account Manager of Azure consumption/usage details by scenario; and 

	
 
	
(vii)
	
all above milestones must be met by June 30, 2018 for [***] to receive the discount in Year 2.  Non-compliance to above milestones will not result in a charge back to Company. 

	
 
	
(b)
	
Year 2 Milestone (July 1, 2018 – June 30, 2019) [***] must: 

	
 
	
(i)
	
aggregate Azure non-internal use consumption of [***]; 

	
 
	
(ii)
	
create an Azure and Windows I0 IoT Solution case study, along with Microsoft, published no later than September 30, 2018;  

	
 
	
(iii)
	
provide quarterly reporting to Microsoft Account Manager of Azure consumption/usage details by scenario; and 

	
 
	
(iv)
	
all above milestones must be met by June 30, 2019 for [***] to receive the discount in Year 3.  Non-compliance to above milestones will not result in a charge back to Company. 

	
 
	
(c)
	
Year 3 Milestone (July 1, 2019 – June 30, 2020) Avigilon must: 

	
 
	
(i)
	
provide quarterly reporting of Azure consumption/usage details by scenario. 

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3.
	
For each unit of Product listed in Section III (1) of this Custom Terms Addendum, Company must include the following billing code in its sales out report during the Program Period to earn the discount: 127219. 

	
 
	
4.
	
Company will request from Microsoft, by May 31 of each year, the status of [***] performance with respect to the yearly milestone requirements specified in Section III (2) above.  

Microsoft will respond to Company within 30 days of each request.  [***] performance 

during each annual period will determine eligibility for the subsequent period(s). If [***] does not meet each milestone requirement listed in Section III (2), or Microsoft does not confirm [***] compliance, Company will stop reporting Product under the above billing code. In this event, Company will only receive the discount for units purchased after all requirements are met by [***]. Microsoft will notify Company when [***] has met requirements 

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