Document:

Exhibit 10.1

 

SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT

OF

COMDISCO VENTURES FUND A, LLC

 

(A Delaware Limited Liability Company)

 

THIS SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”), of Comdisco Ventures Fund A, LLC (the “Company”) effective as of February 12, 2015 (the “Effective Date”), is by and among Comdisco Inc., a Delaware corporation (“CDI”), Windspeed Acquisition Fund GP, LLC, a Delaware limited liability company (“Windspeed”), Comdisco Ventures Fund B, LLC, a Delaware limited liability company (“Fund B”), Windspeed Acquisition Fund, L. P., a Delaware limited partnership (the “Windspeed Fund”) and any other Persons who become parties hereto after the date of this Agreement.  Certain terms used but not otherwise defined in this Agreement have the meanings assigned to them in Section 17.

 

RECITALS

 

A.                                The Company was originally organized as a Delaware corporation, and was converted into a Delaware limited liability company within the meaning of the Delaware Limited Liability Company Act (6 Del. C. § 18-101, et  seq.), as amended from time to time (the “Act”), and any successor to such Act by filing a Certificate of Conversion with the Secretary of the State of Delaware on February 20, 2004, and by entering into a Limited Liability Company Agreement (the “Initial Agreement”), and

 

B.                                 CDI, Windspeed and Fund B executed and delivered an Amended and Restated Limited Liability Company Agreement of the Company dated as of February 20, 2004 (the “Restated Agreement”) amending and restating the Initial Agreement to admit Windspeed and Fund B as Members, to appoint Windspeed the Manager of the Company, pursuant to the terms and conditions set forth therein, and to continue the Company as a Delaware limited liability company within the meaning of the Act., and

 

C.                                 CDI, Windspeed and Fund B executed and delivered Amendment No. 1 to the Restated Agreement dated December 27, 2004, amending the Restated Agreement to increase the compensation payable to Windspeed thereunder, and correspondingly raise the initial threshold amount distributable to CDI thereunder, and

 

D.                                CDI, Windspeed and Fund B executed and delivered a Second Amended and Restated Limited Liability Agreement, dated April 11, 2006 (the “Second Restated Agreement”) amending and restating the Restated Agreement which extended the management of the Portfolio and provided for certain compensation arrangements, and

 

E.                                  CDI, Windspeed and Fund B executed and delivered a Third Amended and Restated Limited Liability Agreement, dated March 16, 2009 (the “Third Restated

 

 

Agreement”) amending and restating the Second Restated Agreement which extended the management of the Portfolio and provided for certain compensation arrangements, and

 

F. CDI, Windspeed and Fund B executed and delivered a Fourth Amended and Restated Limited Liability Agreement, effective as of February 21, 2011 (the “Fourth Restated Agreement”) amending and restating the Restated Agreement which extended the management of the Portfolio and provided for certain compensation arrangements, and

 

G. CDI, Windspeed and Fund B executed and delivered a Fifth Amended and Restated Limited Liability Agreement, effective as of February 21, 2013 (the “Fifth Restated Agreement”) amending and restating the Restated Agreement which extended the management of the Portfolio and provided for certain compensation arrangements, and

 

H.                                CDI, Windspeed and the Windspeed Fund executed and delivered a Limited Liability Company Agreement of Fund B dated as of February 20, 2004 (the “Initial Fund B Agreement”), organizing the Company as a Delaware limited liability company within the meaning of the Delaware Limited Liability Company Act (6 Del. C. § 18-101, et  seq.), as amended from time to time (the “Act”), and any successor to such Act, and

 

I.                                      CDI, Windspeed and the Windspeed Fund on April 11, 2006 amended and restated the Initial Fund B Agreement to continue Fund B as a Delaware limited liability company within the meaning of the Act (“First Amended and Restated Fund B Agreement”), and

 

J.                                      CDI, Windspeed, the Windspeed Fund and Fund B transferred certain specified assets of Fund B to Portfolio AA (as defined in Fifth Restated Agreement) and to continue to manage and administer Portfolio AA under this Agreement with Fund B having been dissolved and the First Amended and Restated Fund B Agreement having been terminated, and

 

K.                                CDI, Windspeed, Fund B and Windspeed Fund desire to amend and restate the Fifth Restated Agreement as hereinafter set forth, and to continue the Company as a Delaware limited liability company within the meaning of the Act.

 

AGREEMENT

 

NOW, THEREFORE, for good and valuable consideration the receipt and legal sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

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1.                                    Organization; Certificate; Name.

 

1.1                            Organization.  The Company is, and shall continue as, a Delaware limited liability company in accordance with, and subject to, the provisions of this Agreement.

 

1.2                            Filings.  The Members ratify and confirm the authority of the Manager and any individual authorized by the Manager, acting singly in any case, to execute, acknowledge, deliver, file and record in the appropriate offices, as applicable, (i) the Certificate and any amendments thereto, and (ii) such other instruments, certificates, documents and other writings which the Manager determines to be necessary or appropriate to secure or preserve the Company’s status as a Delaware limited liability company or to qualify the Company to do business in states other than Delaware.

 

1.3                            Name.  The name of the Company shall be “Comdisco Ventures Fund A, LLC” or such other name as the Manager determines from time to time to be appropriate.

 

1.4                            Tax Partnership.  The parties have intended and intend that the Company be classified as a partnership, and that they be treated as partners, for tax purposes.

 

2.                                    Purpose.  The Company’s purpose shall be to acquire, hold, manage and maximize the value in the liquidation of Portfolio A, Portfolio AA and Portfolio B and to do any and all things that are ancillary or incidental thereto.  In furtherance of such purpose, the Company shall have the authority to: (a) negotiate, execute, deliver, perform, modify, supplement, amend and terminate contracts, agreements, instruments, documents, notices and other writings, including but not limited to purchase and sale agreements, subscription agreements, stockholder agreements, investor rights agreements, voting agreements, warrant and option agreements, exchange agreements, merger agreements, lock-up agreements, underwriting agreements, brokerage agreements, custodial agreements, escrow agreements, management agreements, advisory agreements, promissory notes, pledge and other security agreements, and exercise notices, (b) plan, structure, negotiate, coordinate, effect and participate in financings (including, without limitation, by offerings of debt and equity securities privately or publicly), recapitalizations, restructurings, sales, mergers, liquidations and similar transactions of Portfolio Companies, (c) exercise all rights, powers, privileges and other incidents of ownership or possession with respect to securities held by it (including, without limitation, to vote securities as to the election of directors and other matters and to exercise any and all rights and powers with respect to options, warrants and convertible securities held by it), (d) pay or otherwise provide for its expenses, debts and obligations , and make temporary investments in Short Term Investments pending the use of its available cash to pay expenses, debts and obligations or to make distributions to the Members, (e) borrow money and pledge assets to secure such borrowings on a short term basis, (f) hire and compensate advisors, consultants, agents, contractors, subcontractors, accountants, attorneys and other service providers, (g) establish and maintain bank and

 

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other accounts and draw checks or other orders or expenditures from such accounts, (h) purchase, acquire, finance, hold, market and sell assets, (i) apply for and obtain insurance and (j) do any and all other things that are ancillary or incidental to any of the foregoing.

 

In furtherance of the purpose of this Agreement, the First Amended and Restated Fund B Agreement was terminated, the Fund B assets, rights and obligations were transferred to the Company and held as Portfolio AA hereunder and Fund B shall continue to be terminated and dissolved by its members in such a manner and time frame which shall facilitate the realization of any value from the Portfolio Companies in Fund B.

 

 

 

3.                                    Place of Business; Registered Agent.  The principal place of business of the Company shall be at 52 Waltham Street, Lexington, Massachusetts 02421.  The Manager shall promptly provide the Members with written notice if the Company’s principal place of business is changed.  The Company’s registered office in the State of Delaware shall be Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801.  The registered agent for service of process on the Company in the State of Delaware shall be Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801.  The Manager may at any time change the location of the Company’s principal place of business, establish additional places of business and designate a new agent for service of process as it shall deem advisable.

 

4.                                    Term; Existence.  Unless sooner either extended or terminated by the parties as provided herein, this Agreement shall be in effect for a two (2) year period from the Effective Date and the Company shall continue in full force and effect from the Effective Date until dissolved pursuant to Section 14 (the “Term”).

 

5.                                    Contributions; Interests; Capital Accounts.

 

5.1                            Members and Interests.  The parties to this Agreement agree and understand that (i) CDI is the Class A Member, (ii) Windspeed and the Windspeed Fund are the Class B Members, and (iii) CDI, Windspeed and Windspeed Fund have transferred their respective interests in Fund B and its assets to the Company, with the assets that were held in Fund B as of the time immediately before February 21, 2011 being held in Portfolio AA hereunder from and after February 21, 2011.

 

5.2                            [Intentionally Omitted]

 

5.3                            [Intentionally Omitted]

 

5.4                            Additional Members.  The Company shall not issue any additional interests or admit any additional Members without the approval of the Manager, the Class A Member, and the Class B Members.  Nothing in this Section 5.4, however, shall limit

 

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the rights of Members to Transfer their interests in the Company, or to cause Transferees of their interests to be admitted as substituted Members, pursuant to Section 11.

 

5.5                            No Other Contributions.  Except as provided in Section 5.1, Section 5.2, Section 5.3 or the Act, no Member shall be required or permitted to make any contribution of cash, property or services, to return any distributions received in accordance with this Agreement or to make any loan, to the Company or to any creditor of the Company (including, without limitation, to restore a deficit balance in such Member’s capital account).  No Member shall be liable for any debts, liabilities, contracts or obligations of the Manager or any other Member.

 

5.6                            Capital Accounts.  The Manager shall maintain capital accounts for the Members in accordance with Section 704(b) of the Code and the Treasury Regulations promulgated thereunder.  In that regard, the Manager may make such adjustments to the Members’ capital accounts as it determines are necessary and in accordance with the Treasury Regulations in connection with any contribution to or distribution by the Company of more than a de  minimis amount of money or other property in exchange for an interest in the Company.  If a Member holds interests of more than one (1) class, separate capital accounts shall be maintained for such Member for each such class of interests.  A Transferee of an interest in the Company shall succeed to the capital account of its Transferor to the extent allocable, based on the terms of the Transfer, to the Transferred interest.

 

5.7                            Company Assets.  All assets of the Company shall be owned by the Company as an entity.

 

6.                                    Allocations of Profit and Loss; Tax Allocations.

 

6.1                            Profit and Loss.  The Manger shall allocate the Company’s profits and losses (and the component items of income, gain, loss, deduction and credit) among the Members on a portfolio by portfolio basis.  Without limiting the foregoing, the Manager may make such special allocations as it reasonably determines to be appropriate (i) to comply with the rules set forth in the Treasury Regulations under Section 704(b) of the Code governing (a) allocations of “nonrecourse deductions”, “partner nonrecourse deductions” and other items lacking “economic effect”, (b) “minimum gain chargebacks” and “partner nonrecourse debt minimum gain chargebacks”, and (c) allocations in connection with the exercise of options and conversions of equity or debt interests or instruments, and (ii) for this Agreement to contain a “qualified income offset” provision within the meaning of Treasury Regulations under Section 704(b) of the Code. In no event, however, shall any such allocations affect the amount or timing of any distribution to be made to any Member hereunder.

 

6.2                            Curative Allocations.  The Members intend that their capital account balances as of the time immediately before the liquidating distributions are made pursuant to Section 14 equal the amounts of such distributions to be made to them so that they have zero (0) balances in their capital accounts after the liquidating distributions are

 

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made.  Subject to the requirements of the Treasury Regulations as contemplated by Section 6.1 (the “Regulatory Allocations”), the Company shall make such special allocations of items of income, gain, loss, deduction and expenditure as the Manager determines are required to give effect to such intent (including, without limitation, to cure any imbalances that might otherwise be caused by the Regulatory Allocations).  The Manager may reallocate items of income, gain, loss, deduction and expenditure for prior open taxable years to give effect to such intent if it reasonably and in good faith determines that such items for the current and future taxable years will be insufficient to give effect to such intent.

 

6.3                            Varying Interests.  If any interest in the Company is Transferred during any accounting period, allocations of profit or loss and items of income, gain, loss and deduction with respect to such interest for such period shall be made using such method or methods (including, without limitation, an “interim closing” method) as the Manager and the Members determine to be appropriate and in compliance with Section 706 of the Code.

 

6.4                            Tax Allocations.  Tax allocations shall be made consistent with the allocations of book profit or loss made pursuant to Sections 6.1, except that, solely for tax purposes, (i) items of income, gain, loss, deduction and expenditure with respect to Company assets reflected hereunder in the Members’ capital accounts and on the books of the Company at values that differ from the Company’s adjusted tax bases in such assets shall be allocated among the Members in such manner, and using such method or methods as the Manager determines to be appropriate (it being agreed, however, that allocations made pursuant to this Section 6.6 on account of book/tax disparities with respect to securities held by the Company shall be made using the “traditional” method described in Section 1.704-3(b) of the Treasury Regulations except as the Manager, with the approval of the Class A Member, determines to be appropriate), and (ii) any items of gain recognized by the Company that are subject to the depreciation recapture provisions of Sections 1245 and 1250 of the Code shall be allocated among the Members in such manner as is necessary to comply with Sections 704, 1245 and 1250 of the Code and any applicable Treasury Regulations thereunder.

 

6.5                            Tax Credits.  Any tax credits of the Company for any fiscal year or other accounting period shall be allocated to the Members in proportion to their allocations of the Company’s profit or loss, as the case may be, for such fiscal year or other accounting period.

 

6.6                            Tax Elections.  The Company shall make such elections under the Code and the Treasury Regulations (including, without limitation, those permitted by Sections 704(b), 704(c), 709(b) and 754 of the Code), and state tax or similar laws, as the Manager and the Fund A Advisor determine to be appropriate.

 

6.7                            Tax Matters Partner.  Windspeed (or an Entity that has become Manager pursuant to Section 8.1.3 upon the Transfer to it of Windspeed’s interest in the Company) shall be the “Tax Matters Partner” of the Company, as defined in Section

 

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6231(a)(7) of the Code, for purposes of any tax audit of the Company for as long as it is a Manager and a Class B Member.  At such time as neither Windspeed nor any such Transferee of its interest is the Tax Matters Partner, a successor Tax Matters Partner shall be designated by the Portfolio A Advisor in accordance with the Code and the Treasury Regulations.  The Tax Matters Partner shall have all of the rights, duties, obligations and powers of a Tax Matters Partner, as so defined, under the Code, subject to Section 8.3.10.

 

7.                                    Distributions.

 

7.1                            Net Portfolio Receipts.  Subject to Sections 7.2, 7.5, 7.6, 8.1.4, 8.3, 14, 15 and any legal or contractual restrictions on the Company’s ability to make distributions to the Members, the Manager shall make distributions by wire transfer of any Net Portfolio Receipts (and any other available cash, other than amounts contributed by the Members, the Company may have) as promptly as it determines to be appropriate (but not less frequently than quarterly) as follows:

 

7.1.1 For purposes of Portfolio A:

 

85% to the Class A Member and 15% to the Class B Member.

 

7.1.2 For purposes of Portfolio AA:

7.1.2.1    First, to all of the Members (Class A and Class B) in proportion to their respective Contribution Percentages until (i) the amount that has been distributed pursuant to this Section 7.1.2.1 (including so much of Sections 7.2 and 7.3 as relate to this Section 7.1.2.1) for all fiscal years and other accounting periods equals (ii) the sum of the Members’ Capital Contributions less the sum of the amounts that have been returned to the Members pursuant to Section 5.4;

 

7.1.2.2    Second, 90% to all of the Members (Class A and Class B) in proportion to their respective Contribution Percentages, and 10% to the Class B Member, until (i) the amount that has been distributed to the Class A Members pursuant to this Section 7.1.2 (including so much of Sections 7.2 and 7.3 as related to this Section 7.1.2) for all fiscal years and other accounting periods equals (ii) (a) 1.8 times (b) the sum of the Class A Members’ Capital Contributions less the sum of the amounts that have been returned to the Class A Members pursuant to Section 5.4;

 

7.1.2.3    Third, 80% to all of the Members (Class A and Class B) in proportion to their respective Contribution Percentages, and 20% to the Class B Member, until (i) the amount that has been distributed to the Class A Members pursuant to this Section 7.1.2 (including so much of Sections 7.2 and 7.3 as relate to this Section 7.1.2) for all fiscal years and other accounting periods equals (ii) (a) 2.3 times (b) the sum of the Class A Members’ Capital Contributions less the sum of the amounts that have been returned to the Class A Members pursuant to Section 5.4; and

 

7.1.2.4    Fourth, thereafter, 70% to all of the Members (Class A and Class B) in proportion to their respective Contribution Percentages, and 30% to the Class

 

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B Member.

 

7.1.3 For purposes of Portfolio B:

 

In lieu of any further Management Fee under this Agreement, from and after February 21, 2011, 100% to the Class B Member. Based on discussions among the parties and the valuation estimates of the Manager, as of February 21, 2011, the parties concur that the estimated value of the securities related to the companies in Portfolio B is approximately $154,211.00.

 

 

 

7.2                             Tax Distributions.  Notwithstanding Sections 7.1 and 7.6, the Company shall use reasonable efforts to make advance distributions to the Members within a reasonable period of time before taxes are due in such amounts and proportions as are necessary for the distributions made with respect to their interests (including to predecessor holders of such interests) for all fiscal years and other accounting periods to equal their respective Tax Liabilities as of the time of determination; provided, however, that advance distributions may be made with respect to the portion of a Member’s Tax Liability relating to any particular portfolio only from cash receipts of the Company with respect to such portfolio.  Distributions pursuant to this Section 7.2 shall be made in advance of the dates by which the corresponding tax amounts are due.  Any advance distribution to a Member pursuant to this Section 7.2 shall offset an equal amount of distributions that would otherwise thereafter be made to such Member pursuant to Section 7.1 (or, in the case of the Class C Member, pursuant to Section 7.6).

 

7.3                             [Intentionally Omitted]

 

7.4                             Distributions in Kind.  Subject to Sections 8.8, 14, 15 and any legal or contractual restrictions on the Company’s ability to make distributions to the Members, the Manager may from time to time cause the Company to distribute Marketable Securities in kind.  Any in kind distribution of a Marketable Security shall be made to the Members in accordance with Section 7.1.  Any such in kind distribution shall be made as if such Marketable Security were an amount of Net Portfolio Receipts equal to its value as determined pursuant to Section 7.7 (and, for purposes of thereafter applying Section 7.1, or so much of any other provision of this Agreement as relates to the applicable one of such Sections, shall be treated as having been distributed pursuant to such Section).  For purposes of determining and allocating profit, loss and other items pursuant to Section 6, any Marketable Security that is to be distributed in kind shall be treated as having then been sold by the Company for its value as determined for purposes of applying this Section 7.4.  Notwithstanding the foregoing, for so long as CDI (or an Affiliate of CDI that has become a Class A Member upon the Transfer to it of CDI’s Class A interest in the Company) is the Class A Member, the Manager will attempt to sell and convert into cash any Marketable Securities for at least 180 days after such securities have attained the status of Marketable Securities in Portfolio A and Portfolio AA.  The Manager may, in its discretion and with the consent of the Class A Member, distribute Marketable Securities from Portfolio A or Portfolio AA in kind to a Class B Member

 

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during such 180-day period; provided that the value of any such distribution to the Class B Member of a share of Marketable Securities in kind shall be deemed to be the comparable per share cash value of the cash distributions made to the Class A Member as a result of the disposition of such in kind Marketable Securities.

 

7.5                             [Intentionally Omitted]

 

7.6                             [Intentionally Omitted]

 

7.7                            Valuation of Securities.  The value of any security shall be determined as provided in this Section 7.7.

 

7.7.1                Any security that is listed on a national securities exchange shall be valued at its average last sale price as recorded by the New York composite tape system over the ten (10) trading days immediately preceding the date of such valuation or, if the security is not included in such system, at its average last sale price over such ten (10) trading days on the principal national securities exchange on which such security is traded, as recorded by such exchange (using instead of the last sale price, for any such day on which no sales occurred, the mean between the closing “bid” and “asked” prices on such day as recorded by such system or such exchange, as the case may be).

 

7.7.2                Any security that is listed on the Nasdaq National Market shall be valued at its average last sale price over the ten (10) trading days immediately preceding the date of such valuation as reported by Nasdaq (using instead of the last sale price, for any day on which no sales occurred, the mean between the closing “bid” and “asked” prices on such day as reported by Nasdaq).

 

7.7.3                Any security that is not listed on a national securities exchange or on the Nasdaq National Market but that is traded in the over-the-counter market in the United States shall be valued at the average mean between the closing “bid” and “asked” prices for the ten (10) trading days immediately preceding the date of such valuation as reported by Nasdaq or, if not so reported, as reported in the over-the-counter market in the United States.

 

7.7.4                Any security in the form of an option, warrant or similar security for which no price quotation is available shall be valued by determining the value of the underlying security in accordance with Sections 7.7.1, 7.7.2, 7.7.3 or 7.7.5, as applicable, and subtracting therefrom the exercise or conversion price of such security; and

 

7.7.5                Any security that is not subject to valuation under any of the preceding provisions of this Section 7.7 shall be assigned the value established for such security in the last round of financing of the issuer of such security plus or minus any adjustments which the Manager reasonably determines to be appropriate to reflect market, issuer or other events that have occurred subsequent to such last round of financing, all consistently applied.

 

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The foregoing valuation methodologies contained in this Section 7.7 will be used by the Manager for purposes of stating the fair value for the period stated of the Company’s Portfolio investments in the Company’s Statement of Assets, Liabilities and Members’ Capital as of the applicable quarterly reporting date.

 

8.                                    Management.

 

8.1                            Manager.

 

8.1.1                The management and operation of the Company, and the development and implementation of Company policies, shall be and hereby are vested in the Manager, which shall be Windspeed unless and until it ceases to serve as Manager pursuant to Section 8.1.3 or Section 8.1.4.  Subject to Section 8.3 and any other applicable limitations imposed by this Agreement, the Manager shall have exclusive authority to exercise on behalf of the Company all of the powers of the Company hereunder (including, without limitation, those specified in Section 2) and to take such other actions as it determines are necessary, advisable or incidental to the carrying on of the Company’s business and affairs.  The parties agree that any Person serving as Manager hereunder shall be a “manager” of the Company within the meaning of the Act (with the rights, powers and duties in such capacity provided in this Agreement) for as long as it so serves.  In dealings with the Members, or with or on behalf of the Company, the Manager shall act in good faith and in the manner it believes to be, or not opposed to, the best interests of the Company and the Members.  The Manager and its individual members shall have fiduciary responsibilities, solely with respect to the Members, as set forth under the Act and in accordance with the terms of this Agreement in like manner and to the same extent as if such persons served directly as individual Managers of the Company.

 

8.1.2                A Manager shall serve until its successor becomes Manager hereunder or, if earlier, until it ceases to serve as Manager pursuant to Section 8.1.3 or Section 8.1.4.  If a Manager ceases to serve as such for any reason (other than, in the case of Windspeed, by its Transfer of its interest in the Company to another Entity that is Controlled by any two (2) or more of the individuals comprising the Windspeed Team and that thereupon becomes the Manager as provided in Section 8.1.3), any vacancy thereby created may be filled by a Person designated by the Class A Member or the Portfolio A Advisor.  Except as otherwise expressly provided in this Agreement, the cessation of any Member’s services as Manager shall not, in and of itself, affect its rights, or constitute its withdrawal, as a Member.

 

8.1.3                A Manager may not resign without the approval of the Class A Member; provided, however, that upon any Transfer by Windspeed pursuant to Section 11 of its interest in the Company to an Entity Controlled by any two (2) or more of the individuals comprising the Windspeed Team, such Entity shall become the Manager upon its admission to the Company as a substituted Class B Member.

 

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8.1.4                A Manager may not be removed except (i) by vote of the Class A Member and (ii) if such Manager is Windspeed (or an Entity that has become Manager pursuant to Section 8.1.3 upon the Transfer to it of Windspeed’s interest in the Company), (a) for Cause, (b) if at least two (2) of the individuals comprising the Windspeed Team are no longer actively committed to the Manager in accordance with Section 8.1.5, or (c) upon the occurrence of a Retirement Event relating to the Manager.  If so removed as a Manager for Cause, (i) any distributions (including distributions earned but not yet made) which such removed Manager, or any affiliate thereof, may be entitled to receive as a Member shall be forfeited and (ii) such removed Manager, or any affiliate thereof, shall thereafter no longer be entitled to any further distributions of the Company and (iii) shall have none of the rights and powers of a Member hereunder or under the Act (including, without limitation, to vote, give consents or approvals, or otherwise manage or participate in the affairs of the Company). A removal for Cause shall be effective immediately upon receipt of notice; a Manager’s removal without Cause shall be effective 30 days following receipt of notice.

 

8.1.5                Until the termination of the Company (as hereinafter provided in Section 14.4), Windspeed and at least two (2) of the individuals comprising the Windspeed Team shall devote to the Company such time and resources and maintain such staffing as are reasonably necessary and appropriate to administer and conduct the Company’s affairs in accordance with the terms hereof and in a manner intended to conform to the best interest of the Company.

 

8.2                            Portfolio A and Portfolio AA Advisor.

8.2.1                The Class A Member will from time to time appoint an individual to act as the Portfolio A and Portfolio AA Advisor hereunder (collectively the “Portfolio A Advisor”).  A Portfolio A Advisor may (i) resign upon at least thirty (30) days’ written notice to the Class A Member (which notice will be waived by the Class A Member) and (ii) be removed at any time, for any reason or no reason, by the Class A Member.  Any vacancy created by the resignation, removal or other event with respect to a Portfolio A Advisor may be filled by the Class A Member.

 

8.2.2                The Manager shall not take any action expressly requiring the approval of the Portfolio A Advisor hereunder without such approval (or, if there is then no Portfolio A Advisor, the approval of the Class A Member).  In addition, the Manager shall consult with the Portfolio A Advisor regarding potential conflicts of interest and other matters as the Manager from time to time determines to be appropriate.  With regard to any potential conflict of interest, the Manager shall provide the Portfolio A Advisor with a written proposal containing an analysis outlining the conflict and the reasonably foreseeable economic ramifications thereof to the Company and Portfolio A and/or Portfolio AA.  The Manager shall promptly consider in good faith (without being obligated to comply with) any recommendations that are promptly made by the Portfolio A Advisor in response to any such proposal.  Because of the relative interest of CDI in the Company and Portfolio A and Portfolio AA, the Manager acknowledges its fiduciary duty to CDI to maximize the value of CDI’s interest in the Company after considering the

 

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recommendations of the Portfolio A Advisor and consistent with its duties to the members.

 

8.2.3                Except in its capacity as Manager, liquidating trustee or other authorized service provider, no Member shall have any authority to act for or on behalf of the Company or any other Member or to bind the Company or any other Member in any way, to pledge the Company’s credit or to render the Company liable for any purpose.

 

8.3                            Actions Requiring Member Approval.  Notwithstanding Section 8.1, and in addition to any other matters requiring the approval of some or all of the Members hereunder, without the approval of the Portfolio A Advisor (or, if there is then no Portfolio A Advisor, the Class A Member), the Manager shall have no authority to:

 

8.3.1                liquidate more than two (2) positions included in the Portfolio A in a single transaction or series of related transactions;

 

8.3.2                cause the Company to engage in a transaction that would result in a Company security being Transferred from Portfolio A or Portfolio AA to Portfolio B;

 

8.3.3                cause the Company to acquire any asset that would be included in either Portfolio A or Portfolio AA other than by reason of (i) any stock dividend, stock split, stock issuance, combination, recapitalization, reclassification, merger, consolidation, conversion or similar transaction with respect to any security held by in such portfolio, (ii) the Company’s cashless exercise of any option, warrant, conversion or exchange right, with respect to securities held in such portfolio,  or (iii) the Company’s exercise, using cash available in the Company or, in the absence of such cash, borrowed in accordance with Sections 8.3.9 and 8.10, of any option, warrant, conversion or exchange right, with respect to securities held in that portfolio, that could not have been exercised on a cashless basis (such securities being “Cash Option Securities”);

 

8.3.4                cause the Company to incur with respect to Portfolio A or Portfolio AA any Non-Routine Expenses;

 

8.3.5                delegate or assign any of its obligations as Manager hereunder other than as permitted by Section 8.6;

 

8.3.6                cause the Company to merge or consolidate with or into any other Entity or change its form of organization (including, without limitation, for tax purposes);

 

8.3.7                cause the Company to pay any compensation to, or engage in any transaction with, the Manager or an Affiliate of the Manager except as provided herein;

 

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8.3.8                cause the distribution of any Marketable Securities in kind except in accordance with Section 7.4;

 

8.3.9                except to borrow money to acquire Cash Option Securities in accordance with Section 8.10 or pay expenses pending the receipt of Net Portfolio Receipts cause the Company to borrow money or pledge assets to secure such borrowing; or

 

8.3.10        act, elect, report or otherwise exercise its duty or authority as the Tax Matters Partner with respect to Company tax matters.

 

8.4                            Administrative Responsibilities.  In addition to its other responsibilities hereunder, the Manager shall be responsible for providing the administrative and operating support the Company requires in connection with its business and affairs, including, without limitation, (i) the filing of such documents, instruments, certificates and other writings as are necessary or appropriate for the continuation of the Company as a limited liability company under the laws of the State of Delaware (and for the qualification of the Company to do business in states other than Delaware where the Manager determines such qualification to be necessary), (ii) preparing and filing any and all tax returns and other governmental filings in connection with the Company’s affairs, (iii) maintaining the books and records of the Company in accordance with the Act, (iv) maintaining the documentation and records relating to the Portfolio, including the administration and tracking of all warrant and other antidilution rights, stock splits and other terms related to new rounds of financing by the Portfolio Companies, (v) investigating, reviewing and effecting transactions involving the Portfolio, (vi) leveraging its industry knowledge and relationships to identify attractive follow-on investment opportunities, and (vii) satisfying the Company’s needs for office space, supplies and general office support and services.

 

8.5                            Management Fee. Since and as of February 21, 2011, the Manager has not been, and shall not be, entitled to any further management fees (the “Management Fee”).

 

8.6                            Assignment.  With the approval of the Class A Member, the Manager may delegate or assign any or all of its duties and responsibilities hereunder, including, without limitation, pursuant to a separate management contract between the delegee and the Company.  The Class A Member shall not unreasonably withhold its approval of any such delegation or assignment if the delegate or assignee is an Entity controlled by any two (2) or more of the individuals comprising the Windspeed Team.

 

8.7                            Other Activities of Manager.  Notwithstanding any other provision of this Agreement, and subject to Section 8.1.5, the Manager may engage in other profit-seeking and business ventures of any kind, nature or description (including, without limitation, making and managing investments in securities for its own account or the account of others), independently or with others, and the pursuit of such ventures by the

 

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Manager shall not be deemed wrongful or improper.  Neither the Company nor any Member shall have any rights or obligations by virtue of this Agreement or the relationship established hereby in or to any independent ventures of the Manager or the profits or losses derived therefrom.

 

8.8                            [Intentionally Omitted]

 

8.9         Evidence of Authority.  Any Person dealing with the Company may rely upon a certificate signed by the Manager as to:

 

8.9.1                the existence or non-existence of any fact or facts which constitute conditions precedent to acts by the Manager or in any other manner germane to the affairs of the Company; and

 

8.9.2                the Person or Persons who are authorized to execute and deliver any instrument or document of the Company or to take any action on behalf of the Company.

 

8.10                    Borrowing.  In connection with the acquisition of any Cash Option Securities in accordance with Sections 8.3.3 and 8.3.9 and with the approval of the Portfolio A Advisor, the Manager may cause the Company to borrow the exercise price of such securities from one (1) or more lenders (which may include the Manager, a Member or an Affiliate of the Manager or a Member), or advance the amount of such deficiency to the Company, on such terms and conditions (but at an interest rate not exceeding ten percent (10%) per annum) as the Manager, in the exercise of its business judgment, determines to be appropriate.

 

9.            Fees and Expenses.

 

9.1                            Management Fee.        Since and as of February 21, 2011, no Management Fee has been, or shall be, due the Manager.

 

9.2                            Fees and Expenses. Since and as of February 21, 2011 and except as provided in Section 6.3.4, any and all costs, fees and expenses incurred by the Company in connection with the acquisition, holding, sale, exchange or other disposition of the securities in any of Portfolio A, Portfolio AA or Portfolio B shall be paid from the proceeds and earnings from the respective portfolio holding such securities and borne by the Class A Member and Class B Member only to the extent of their respective distribution percentage in such portfolio. Any and all other costs, fees and expenses that are not specific to any particular portfolio shall be shared as mutually agreed from time to time.

 

9.3                            [Intentionally Omitted]

 

9.4                            [Intentionally Omitted]

 

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9.5                            Source of Payments.

 

9.5.1                [Intentionally Omitted]

 

 

9.5.2                [Intentionally Omitted]

 

9.5.3     In no event shall any Member be required to make any contributions, or return distributions received, to the Company to enable the Company to satisfy its obligations to pay its fees and expenses.

 

9.6 Additional Ebates Shares.  In accordance with the terms, conditions definitions and provisions of that certain Amended and Restated Consent of Members Comdisco Ventures Fund A, LLC, effective as of May 31, 2012 (the “Consent”), the sharing of any costs, fees and expenses (or other such liabilities) related to, and the distribution of any and all Net Portfolio Receipts of the Company (and the allocation of any profits or losses of the Company and the component items of income, gain, loss, deduction and credit) with respect to, the proceeds now held in escrow resulting from the sale of the Additional Ebates Shares shall be: (a) in proportion to the amounts contributed by CDI, Annex E and Windspeed III to purchase the Additional Ebates Shares; or, (b) in the event of a sale, or other disposition, of such shares in proportion to the number of shares being sold, or disposed of,  by each of the respective parties. No other assets within the Company shall be used to satisfy such liabilities.

 

10.                            Liability; Indemnification.  No Member or Manager shall be liable, responsible or accountable to the Company or any Member for any loss or damage incurred by reason of any act or omission of such Member or Manager performed or omitted on behalf of the Company or in furtherance of the interests of the Company without bad faith, fraud, gross negligence or willful misconduct.  To the fullest extent permitted by law, and notwithstanding any other provision of this Agreement, the Company shall indemnify the Members, the Managers and any officers for, and shall hold them harmless from and against, any and all damages, losses, liabilities, fines, penalties, amounts paid in settlement, costs and expenses (including attorneys’ fees and expenses) actually and reasonably incurred by them in connection with any threatened, pending or completed demands, claims, actions, suits or proceedings, whether civil, criminal, administrative or investigative, brought or threatened against them by reason of or in connection with actions taken or omitted to be taken by them on behalf of the Company, provided that no Member or Manager shall be entitled to indemnification hereunder for any damage, loss, liability, fine, penalty, amount paid in settlement, cost or expense incurred by such Member or Manager as a result of its bad faith, fraud, gross negligence or willful misconduct.  Expenses (including attorneys’ fees) incurred by a Member or Manager in defending any civil, criminal, administrative or investigative action, suit or proceeding shall be paid by the Company from available cash, if any, in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such Member or Manager to repay such amount if it is ultimately determined that such Member or Manager is not entitled to be indemnified by

 

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the Company pursuant to this Section 10.  The cessation of a Member’s or Manager’s status as such shall not prevent such Member or Manager from being indemnified hereunder for actions taken or omitted while acting in such capacity.

 

11.                            Transfers.

 

11.1                    Restrictions on Transfer.  A Member may not Transfer any interest in the Company without the express written consent of the Manager and each of the other Members; provided, however, (i) that the consent of the Manager and the other Members pursuant to this Section 11.1 shall not be required if such Transfer (a) is made by CDI in accordance with Section 11.2, (b) will not violate or fail to comply with any federal or state securities law or regulation, (c) will not cause the Company to be treated as a “publicly traded partnership” as defined in Section 7704(b) of the Code, (d) will not cause the Company to be an “investment company” within the meaning of the Investment Company Act of 1940, as amended, (e) will not cause the assets of the Company or any part thereof to be treated as assets of any employee benefit plan or trust subject to ERISA, (f) will not constitute a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code, and (ii) that the Manager and the other Members may not unreasonably withhold their consents (if required) to any Transfer of an interest in the Company by an Entity to another Entity that directly or indirectly Controls, is Controlled by or is under common Control with the Transferring Entity if (a) in the case of a Transfer by a Class A Member, the Manager has determined that all of the obligations of such Class A Member to the Company will be satisfied in accordance with their terms or (b) in the case of a Transfer by a Class B Member, the Transferee is Controlled by any two (2) or more of the individuals comprising the Windspeed Team.  The Manager, in its sole discretion, may require any Member (or unadmitted assignee of a Member) who proposes to make any Transfer not requiring consents under this Section 11.1 to provide the Company with a legal opinion reasonably satisfactory to the Manager that such Transfer will comply with applicable securities laws.  In its sole discretion, the Manager may disregard as void any Transfer made in violation of this Section 11.1.  Notwithstanding anything to the contrary contained herein, no consent or legal opinion will be required in connection with a Transfer of an interest in the Company by CDI to an Affiliate.

 

11.2                    Right of First Offer.  Notwithstanding the consent requirements of Section 11.1 (but subject to the other provisions thereof), a Class A Member may Transfer its interest (or any portion thereof) in compliance with the following procedures:

 

11.2.1        If a Class A Member (a “Selling Member”) proposes to Transfer all or any portion of its interest in the Company to any Person other than an Affiliate of CDI, such Selling Member shall give notice of its intent to make such Transfer (the “Transfer Notice”) to the Manager.  The Transfer Notice shall set forth (i) the portion of the Selling Member’s interest to be Transferred (the “Offered Interest”) and (ii) if known to the Selling Member, the identity of the prospective Transferee and the material terms of the proposed Transfer to the prospective Transferee.

 

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11.2.2        The Manager shall have the right, but not the obligation, to deliver to the Selling Member, before the close of the ten (10) day period after the delivery of the Transfer Notice to the Manager (such period, the “Offer Period”), a written offer (an “Offer”) to purchase the Offered Interest.  An Offer shall set forth all of the material terms and conditions of the proposed purchase of the Offered Interest.  The Manager’s rights to make the Offer and to purchase the Offered Interest pursuant thereto shall be assignable by the Manager to such one (1) or more Persons as the Manager determines to be appropriate (subject to compliance by the Manager with the provisions of Section 11.1 as if such rights were an interest in the Company).  During the Offer Period, the Selling Member shall not solicit proposals or offers from, or engage in discussions with, other parties regarding the sale of the Offered Interest.

 

11.2.3        The Selling Member shall have no obligation to accept an Offer by the Manager (or its assignee).  Any closing of the purchase of the Offered Interest by the Manager (or its assignee), however, shall take place on such date, and at such time and place, as the Selling Member and the Manager (or its assignee) shall agree upon.  At such closing, the Manager (or its assignee) shall make such deliveries in payment for the Offered Interest as are contemplated by the Offer, and the Selling Member shall deliver such executed documentation (including, without limitation, any required consents) to the Manager (or its assignee) as may be required to effect the Transfer of the Offered Interest to the Manager (or its assignee) and the admission of the Manager (or its assignee) as a substituted Member with respect to the Offered Interest.  All of the foregoing deliveries shall be deemed to be made simultaneously and none shall be deemed completed until all have been completed.

 

11.2.4        If the Manager (or its assignee) does not purchase the Offered Interest in accordance with Section 11.2.3, then, subject to Section 11.1, the Selling Member shall be entitled to Transfer the Offered Interest to a third party Transferee at any time during the one hundred fifty (150) day period after the delivery of the Transfer Notice.  If the Offered Interest (or any portion thereof) has not been transferred within such one hundred fifty (150) day period, no Transfer of any portion of the Offered Interest shall be effective unless the Selling Member has again complied with the provisions of this Section 11 as to the Offered Interest.  As a condition to the effectiveness of any Transfer of the Offered Interest to a third party Transferee pursuant to this Section 11.2.4, (i) such Transferee shall (a) execute and deliver such documents and agreements as the Manager reasonably determines to be appropriate to effect such Transferee’s agreement to be bound by the terms and conditions of this Agreement and (b) take such other actions as the Manager may reasonably determine to be necessary to effect the admission of such Transferee to the Company, to qualify the Company to conduct business or to preserve the limited liability status of the Members, and (ii) the Selling Member and the Transferee shall execute and deliver such documents and agreements, and take such other actions, as the Manager may reasonably require to ensure that all of the obligations of the Selling Member to the Company and Fund B (including, without limitation, the obligation of the Selling Member to fund its

 

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commitment to Fund B with the escrow established pursuant to Section 7.5) will be satisfied in accordance with their terms.

 

11.3                    Assignees.  Unless and until a Person who has acquired an interest in the Company by any form of Transfer has been admitted to the Company as a Member, such Person shall have the status of an non-admitted assignee of such interest and, as such, shall have none of the rights and powers of a Member hereunder or under the Act (including, without limitation, to vote, give consents or approvals, access Company records or otherwise manage or participate in the affairs of the Company) other than to receive the distributions and allocations that such Person’s predecessor would have been entitled to receive hereunder with respect to such interest.  A Member who Transfers its entire interest in the Company shall cease to have any of the rights and powers of a Member.  Notwithstanding anything herein to the contrary, the Company shall be entitled to treat the record holder of any interest as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to such record holder, until such time as it has received written notice of such Transfer and all of the conditions to the effectiveness of such Transfer hereunder have been satisfied.  A Person who acquires an interest in the Company (by any form of Transfer) but is not admitted as a substituted Member may not Transfer all or any portion of such interest without complying with this Section 11 in full as if such Person were a Member for such purpose.

 

11.4                    Substituted Members.  A Person who acquires an interest in the Company by any form of Transfer shall be admitted to the Company as a substituted Member only (i) with the consent of the Manager and each of the other Members, (ii) by satisfying the applicable requirements of Sections 11.1 and 11.2, (iii) by executing and delivering such documents and agreements as the Manager reasonably determines to be appropriate to effect such Person’s agreement to be bound by the terms and conditions of this Agreement, and (iv) if necessary, upon an amendment to this Agreement or such other instrument, executed by all necessary parties and filed or recorded in the proper records of each jurisdiction in which such recordation is necessary to preserve the limited liability status of the Members; provided, however, that the Manager and the other Members (a) shall have no rights to consent to the admission pursuant to this Section 11.4 of any Transferee of an interest in the Company if they had no rights to consent to the Transfer of such interest to such Transferee under Section 11.1 and (b) may not unreasonably withheld their consents to the admission pursuant to this Section 11.4 of any Transferee of an interest in the Company if they could not unreasonably withhold their consents to the Transfer of such interest to such Transferee under Section 11.1.  The admission of a substituted Member shall not dissolve the Company and shall be shown in the books and records of the Company.  The Manager shall promptly provide the Members with written notice of the admission of any substituted Member.

 

11.5                    Rights of Representatives.  Notwithstanding any other provision of this Agreement, if an individual Member that is an Entity is dissolved or terminated, the powers of such Member may be exercised by its personal representative to the extent required by the Act.

 

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11.6                    Partial Transfers.  If there are two (2) or more Class A Members or Class B Members, as the case may be, after any Transfer by a Class A Member or Class B Member of an interest in the Company, then any subsequent consent, approval, vote or other action of “the Class A Member” or “the Class B Members” hereunder (including, without limitation, an amendment of this Agreement pursuant to Section 18.11) shall be validly effected if given or taken, as the case may be, by a majority in interest of the Class A Members or Class B Members as the case may be (based on their Capital Contributions, rights to share in distributions or other factors as the Manager determines, based on the terms of the Transfer, to be appropriate).

 

11.7                    Costs and Expenses.  Any costs or expenses incurred by the Company in connection with any Transfer or proposed Transferor of an interest in the Company shall be paid or reimbursed by the Transferor of such interest.

 

12.                            Withdrawals.

 

12.1                    Withdrawals.  Except as expressly permitted by this Agreement, no Member may (i) resign or withdraw from the Company or (ii) receive any distribution from the Company on account of its resignation or withdrawal (whether voluntary, involuntary or by operation of law) before the liquidation of the Company.

 

12.2                    Retirement Events.  From and after the time a Retirement Event occurs with respect to any Member (such Member, the “Retired Member”), such Retired Member (and, subject to Section 11, any Transferee of any interest of such Retired Member in the Company) shall, except as otherwise specifically provided in this Agreement, have the status of an unadmitted assignee of its interest in the Company and, as such, shall have none of the rights and powers of a Member hereunder or under the Act (including, without limitation, to vote, give consents or approvals, access Company records or otherwise manage or participate in the affairs of the Company) other than to receive the distributions and allocations that it otherwise would have been entitled to receive hereunder with respect to such interest.

 

13.                           Actions of the Members.

 

13.1                    In General.  Except as otherwise provided in this Agreement, a Member’s consent, approval, vote or other action as to any matter may be effected by (i) the affirmative vote by such Member to the doing of the act or thing under consideration at any meeting called and held pursuant to Section 13.2 to consider such act or thing or (ii) a written consent given by such Member at, prior to or after the doing of the act or thing under consideration pursuant to Section 13.3.

 

13.2                    Meetings.  Any matter requiring the action of any one (1) or more of the Members hereunder may be considered at a meeting called by the Manager or any Member and held not less than three (3) nor more than thirty (30) Business Days after written notice thereof shall have been given to the Member(s) entitled to vote at the meeting.  Any such notice shall state briefly the purpose, time and place of the meeting.

 

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A Member may waive in writing the requirements for notice of a meeting before, during or after such meeting (and the attendance of a Member at any meeting shall constitute such Member’s waiver).  All such meetings shall be held at such reasonable times and places as the Manager (or, in the case of a meeting of the Class A Member(s), such Class A Member(s)) shall determine.  A Member may participate in any meeting by conference telephone call or similar communications equipment if all the Persons participating in such meeting can hear each other.  Such participation of a Member shall constitute the presence of such Member at such meeting.  At any meeting of one (1) or more of the Members, the presence in person, or by conference telephone call or similar communications equipment, of Members sufficient to approve the action under consideration shall be required to constitute a quorum for the transaction of business at such meeting.  When a quorum is present at any meeting of one (1) or more of the Members, the vote of Members sufficient to approve the action under consideration shall decide any matter brought before such meeting, unless the matter is one upon which by express provision of law or this Agreement, a different vote is required, in which case such express provision shall govern and control the decision on such matter.

 

13.3                    Action Without Meeting.  Any action that may be taken at a meeting of any one (1) or more of the Members may be taken without a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, are signed by one (1) or more Members (or their proxy holders) whose votes would be sufficient to authorize or take such action at a meeting and delivered to the Company (and, if the consent of more than one (1) Member is required, are delivered to the Company within a period of sixty (60) consecutive days).  Any copy, facsimile or other reliable reproduction of a consent in writing may be substituted or used in lieu of the original writing for any and all purposes for which the original writing could be used, provided that such copy, facsimile or other reproduction shall be a complete reproduction of the entire original writing.  Prompt notice of the taking of any action without a meeting by fewer than all of the Members entitled to participate in such action shall be given to those Members who have not consented in writing.

 

13.4                    Proxies.  A Member entitled to vote at a meeting of one (1) or more of the Members, or to express consent or dissent to Company action in writing without a meeting, may authorize another Person or Persons to act for it by proxy, but no such proxy shall be voted or acted upon after three (3) years from its date, unless the proxy provides for a longer period.

 

13.5                    No Other Voting Rights.  A Member shall have no rights to vote, give consents or approvals, or otherwise manage or participate in the affairs of the Company except as expressly provided in this Agreement or in any mandatory provision of the Act.

 

14.                            Dissolution; Wind-up; Liquidating Distributions.

 

14.1                    Events Causing Dissolution.  The Company shall dissolve (i) at the time that there are no remaining Members of the Company unless the business of the Company is continued in accordance with the Act, (ii) on the effective date specified in a

 

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written election to dissolve the Company adopted by the Class A Member at any time after the Effective Date of this Agreement or (iii) the time of the judicial dissolution of the Company under the Act.

 

14.2                    Wind-up.  The Manager (or, if one is appointed under the Act, a liquidating trustee) shall be responsible for the winding up and liquidation of the Company.  Subject to Section 8.3 (it being agreed, however, that Section 8.3.1 shall not apply after the Company’s dissolution), after the dissolution of the Company, the Manager (or such liquidating trustee) shall collect the Company’s receivables, pay the Company’s debts and obligations, and liquidate or distribute the Company’s assets as promptly as is practicable and consistent with obtaining fair value for the Company’s assets, having due regard to the activity and condition of the relevant markets and general financial and economic conditions.  After the Company’s affairs have been wound up and its debts and obligations have been paid or provided for, the Manager shall (i) make a final allocation of Profit or Loss, as the case may be, and other items in such amounts and proportions as are necessary (to the extent possible) for the Members’ capital account balances to equal the amounts of any remaining assets of the Company they would be entitled to receive if such remaining assets were to be distributed in accordance with Section 7 (subject to the limitations set forth therein) and (ii) then distribute such remaining assets to the Members in accordance with Section 7.  Until the Company’s termination pursuant to Section 14.4, the business of the Company and the affairs of the Manager and Members, as such, shall continue to be governed by this Agreement, provided that the Company shall engage in no further business other than in connection with its wind-up and liquidation.

 

14.3                    Bid by the Manager.  Within ninety (90) days after the Company’s election to dissolve, the Manager shall prepare and deliver to the Class A Member, at the Manager’s expense, a bid for the Class A Member’s interest in the Company at a price, and on such other terms and conditions, as the Manager determines to be appropriate in its sole discretion.  If, within thirty (30) days after the delivery of such bid, the Class A Member delivers a written notice to the Manager approving the sale of its interest in the Company to the Manager at the price, and on the other terms and conditions, set forth in such bid, then the Manager shall purchase, and the Class A Member shall sell, the Class A Member’s interest in the Company at such price and on such terms and conditions.  The Manager may assign its right to purchase the interest of the Class A Member to one (1) or more Persons as it determines to be appropriate.  At any closing of a purchase and sale pursuant to this Section 14.3, the Manager (or its assignee) shall make such deliveries in payment, and the Class A Member shall make such deliveries of instruments of assignment, as are necessary to effect such purchase and sale (with all of the required deliveries deemed made simultaneously and none deemed completed until all have been completed).  If the Class A Member does not deliver such notice of approval to the Manager, the Manager shall have no obligation or right to purchase the Class A Member’s interest in the Company.

 

14.4                    Termination.  The dissolution of the Company shall be effective on the day on which the event occurs giving rise to the dissolution, but the Company shall

 

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not terminate until the winding up of the business and affairs of the Company has been completed as provided herein and a certificate of cancellation of the Company has been filed with the Office of the Secretary of State of the State of Delaware.  The Manager (or the liquidating trustee, as the case may be), acting singly, is authorized to execute and file a certificate of cancellation on behalf of the Company.

 

14.5                    Liquidating Trust.  With the approval of the Portfolio A Advisor, if the Company has not been liquidated by the second anniversary of the date of its dissolution pursuant to Section 14.1, the Manager (or liquidating trustee) may distribute the non-cash assets of the Company (other than any Marketable Securities) to a trust established for the sole purposes of liquidating such remaining assets, collecting amounts owed to the Company and paying any contingent or unforeseen liabilities or obligations of the Company.  The Manager (or such liquidating trustee) shall use reasonable efforts to ensure that such trust qualifies as a liquidating trust under Treasury Regulations Section 301.7701-4(d).  The distribution to the trust shall constitute a final, liquidating distribution of assets pursuant to 14.2 (with any asset distributed in kind to the trust being treated as if it were an amount of cash equal its fair market value as determined pursuant to Section 7.7).  For purposes of determining and allocating Profit, Loss and other items pursuant to Section 6, any asset that is to be distributed in kind to such trust shall be treated as having then been sold by the Company for its value as determined for purposes of applying this Section 14.5 (provided that, for such purposes, the fair market value of any asset that is distributed subject to a nonrecourse indebtedness shall be deemed not to be less than the amount of such indebtedness).  The Members’ relative beneficial interests in the trust shall be equal to their respective relative interests in the assets contributed to the liquidating trust as of the time that such assets are contributed to the liquidating trust.

 

15.                            Withholding.  Notwithstanding any other provision of this Agreement, the Company shall be entitled to withhold and pay over, or otherwise pay, any withholding or other taxes payable by the Company at such times and based upon such rates as the Manager determines to be appropriate.  If the Company makes a payment of tax for any accounting period with respect to any Member or as a result of any Member’s participation in the Company, such Member shall be deemed for all purposes of this Agreement to have received the amount of such payment as a distribution from the Company on the last day of the period for which the tax is withheld and paid or, if earlier, on the last day on which such Member owned an interest in the Company.  Any deemed distribution to a Member pursuant to this Section 15 shall be treated (to the extent not repaid to the Company) as an advance of, and shall offset, an equal amount of distributions that would otherwise thereafter be made to such Member pursuant to the provisions of Section 7 in the order that such distributions would otherwise have been made.  To the extent that the aggregate of such distributions to a Member for any month exceeds the distributions to which such Member would otherwise be entitled for such month, the amount of such excess shall be repaid by such Member to the Company within thirty (30) days after the end of such month.

 

16.                            Books; Reports.

 

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16.1                    Books and Records.  The books and records of the Company, including a list of the names and business or mailing addresses of the Members, shall be maintained at the principal office of the Company in accordance with the Act.  All of the books and records of the Company shall be available for examination at the offices of the Company in which they are maintained by any Member or by any Member’s duly authorized representatives at any and all reasonable times upon reasonable notice.  Each Member, or such Member’s duly authorized representatives, upon written notice to the Manager and upon paying the costs of collection, duplication and mailing, shall be entitled for any purpose reasonably related to such Member’s interest as a Member in the Company to a copy of information to which such Member is entitled under the Act.  The Company may maintain such other books and records and may provide such financial or other statements as the Manager and the Portfolio A Advisor mutually agree upon.

 

16.2                    Accounting; Tax Year.  The Company shall report its operations for tax purposes on such method and based upon such taxable year as the Manager determines to be appropriate consistent with applicable federal income tax laws.  The financial statements of the Company shall be prepared in accordance with generally accepted accounting principles.

 

16.3                    Reports

 

16.3.1        Within ninety (90) days after the end of each fiscal year of the Company, or as soon as practicable thereafter, the Manager shall send to each Person who was a Member at any time during such fiscal year such tax information as shall be necessary for the preparation by such Person of its federal, state and local income tax returns.

 

16.3.2        Within (45) forty five days after the end of each fiscal quarter of the Company, the Manager shall send to each Member and the Portfolio A Advisor, (i) an unaudited Statement of Assets, Liabilities and Members’ Capital of the Company as of the end of such quarter, (ii) unaudited statements of operations of the Company for such quarter and for the fiscal year that includes such quarter through the end of such quarter, (iii) a summary of any transactions by the Company during such quarter and (iv) a summary of any distributions made during such quarter.

 

17.                            Definitions. As used in this Agreement, the following terms shall have the meanings assigned to them in this Section 17:

 

“Act” has the meaning set forth in the Recitals.

 

“Affiliate” means (i) with respect to any individual, (a) any member of such individual’s Family, (b) any Entity more than ten percent (10%) of the beneficial interests in which are directly or indirectly owned by one (1) or more of such individual and members of such individual’s Family or (c) any member, manager, director, partner, shareholder, officer, trustee, beneficiary or employee of any Entity described in (b), and (ii) with respect to any Entity, (a) any direct or indirect member, manager, director,

 

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partner, shareholder, officer, trustee or beneficiary of or in such Entity, (b) any member of the Family of an individual described in (a) or (c) any other Entity directly or indirectly Controlling, Controlled by or under common Control with such Entity.

 

“Business Day” means any day that is not a Saturday, Sunday or legal holiday in the Company’s principal place of business.

 

“Capital Contribution” means, with respect to any Member as of any time of determination, the sum of (i) the amount of money that such Member has contributed to the Company pursuant to Section 5, (ii) the fair market value, as determined pursuant to Section 5, of any property that such Member has contributed to the Company (net of any liabilities that the Company has assumed or taken subject to, under Section 752 of the Code, in connection with acquiring such property from such Member), and (iii) the amount of any Company liabilities that such Member has assumed, within the meaning of Section 1.704-l(b)(2)(iv)(c) of the Treasury Regulations.  A loan by a Member to the Company shall not be treated as part of such Member’s Capital Contribution.  A Transferee of all or a portion of a Member’s interest in the Company shall succeed to the Capital Contribution of its Transferor to the extent allocable, based on the terms of the Transfer, to the Transferred interest.

 

“Cash Option Securities” has the meaning set forth in Section 8.3.3(iv).

 

“Cause” means, with respect to Windspeed (or an Entity that has become Manager pursuant to Section 8.1.3 upon the Transfer to it of Windspeed’s interest in the Company), any of the following:

 

(i)                                  the material breach of its duties as Manager under this Agreement without cure within a reasonable period of time after written notice to it of such breach;

 

(ii)                              the commitment of a material act of fraud, willful misconduct or breach of fiduciary duty under any federal or state securities laws, or fraud, gross negligence or willful misconduct relating to its duties as Manager;

 

(iii)                          the conviction of, or plea of nolo contendere to, a felony by any of the individual members of the Manager; or

 

(iv)                          at least two (2) of the individuals comprising the Windspeed Team are no longer actively committed to the Manager in accordance with Section 8.1.5 and such failure is volitional on the part of at least one (1) of such individuals.

 

“CDI” has the meaning set forth in the initial paragraph of this Agreement.

 

“Certificate” means the Company’s Certificate of Formation filed with the Secretary of State of the State of Delaware.

 

- 24

 

“Class A Member” means any Person who, at the time of reference, has been admitted to the Company as, and remains, a Class A Member hereunder.

 

“Class B Member” means any Person who, at the time of reference, has been admitted to the Company as, and remains, a Class B Member hereunder.

 

“Code” means the Internal Revenue Code of 1986, as amended, and, where applicable, any predecessor or successor thereto.

 

“Company” means the Delaware limited liability company governed by this Agreement named Comdisco Ventures Fund A, LLC (or such other name as may be selected pursuant to Section 1.3).

 

“Control” (including the terms “controlling,” “controlled by,” and “under common control with”) means the direct or indirect possession of the power to direct or cause the direction of the management and policies of an Entity, whether through the ownership of Voting Securities, by contract, or otherwise.

 

“Effective Date” means February 12, 2015.

 

“Entity” means any corporation, partnership, limited liability company, trust, unincorporated association or other organization.

 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 

“Event of Bankruptcy” means, with respect to any Person (except CDI), any of the following events:

 

(i)                                  the making by such Person of an assignment for the benefit of creditors;

 

(ii)                              the filing by such Person of a voluntary petition under any bankruptcy, insolvency or similar law;

 

(iii)                          the adjudication of such Person by a court of competent jurisdiction as a bankrupt or insolvent, or the entry against such Person of an order for relief under any bankruptcy, insolvency or similar proceeding;

 

(iv)                          the filing by such Person of a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any bankruptcy or insolvency statute, law or regulation;

 

- 25

 

(v)                              the filing by such Person of an answer or other pleading admitting or failing to contest the material allegations of a petition filed against him in any bankruptcy or insolvency proceeding;

 

(vi)                          such Person’s written request for, consent to or acquiescence in the appointment of a trustee, receiver or liquidator of such Person or of all or any substantial part of such Person’s properties; or

 

(vii)                      the passage of (i) one hundred twenty (120) days after the commencement of any proceeding against such Person seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any bankruptcy or insolvency statute, law or regulation without such proceeding having been dismissed, (ii) ninety (90) days after the appointment, without such Person’s consent or acquiescence, of a trustee, receiver or liquidator of such Person or of all or any substantial portion of such Person’s properties without such appointment having been vacated or stayed or (iii) ninety (90) days after the expiration of any stay of an appointment referred to in the foregoing clause (ii) without such appointment having been vacated.

 

“Family” means, with respect to any individual, any of such individual’s spouse and descendants (by blood or adoption).

 

 

 

“Fund B” has the meaning set forth in the Recitals of this Agreement.

 

“Initial Agreement” has the meaning set forth in the Recitals.

 

“Manager” means Windspeed, or any successor thereto, in its capacity as manager of the Company hereunder.

 

“Marketable Security” means any security that is described in Section 7.7.1, Section 7.7.2 or Section 7.7.3, and which is not subject to any “hold back” or “lock up” required by a managing underwriter in connection with the public offering of equity securities of the Portfolio Company which issued such Marketable Securities, or any restriction on the disposition thereof under the terms of any other agreement or of any law, regulation or policy of any state, and each Member’s entire holdings of such Marketable Securities can be sold by such Member to the general public without the necessity of any federal, state or local government consent, approval or filing (other than any notice filings of the type required pursuant to Rule 144(h) under the Securities Act of 1933, as amended) and without violation of federal or state securities laws.

 

“Member” means any Person who is a member of the Company (whether of Class A or Class B) as shown on the books of record of the Company at the time of reference thereto, in such Person’s capacity as a member of the Company.

 

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“Members’ Capital” means, as of any date of determination, the amount that would be available for distribution to the Members pursuant to Sections 7 and 14 if the Company were to sell its assets at their values determined in accordance with Section 7.7 (as applicable), satisfy its debts and obligations (including, without limitation, any accrued but unpaid portion of the Management Fee) in accordance with their terms, and then liquidate.

 

“Net Portfolio Receipts” means the amounts of cash received by the Company with respect to securities included in the respective Portfolio A, or Portfolio AA, or Portfolio B, as the case may be, net of (i) amounts used or reserved by the Manager to acquire securities for either Portfolio A or Portfolio AA,(Note: Portfolio AA) including, without limitation, by exercising option, warrant, conversion, exchange, pre-emptive or other purchase rights with respect to securities held by the Company and (ii) any expenses of the acquisition, holding, sale, exchange or other disposition of such securities.

 

“Non-Routine Expenses” means any expenses that are not Routine Expenses.

 

“Offer” has the meaning set forth in Section 11.2.2.

 

“Offered Interest” has the meaning set forth in Section 11.2.1.

 

“Offer Period” has the meaning set forth in Section 11.2.2.

 

“Person” means any individual or Entity.

 

“Portfolio”means the securities listed on each of the schedules attached to and made a part of the Sixth Restated Agreement each respectively designated Schedule A, Schedule AA and Schedule B describing the Portfolio Companies in each of the respective Portfolio A, Portfolio AA and Portfolio B and any other securities that the Company directly or indirectly acquires in respect of, or in exchange for, such securities in each of the respective Portfolios, including, without limitation, by reason of (i) any stock dividend, stock split, stock issuance, combination, recapitalization, reclassification, merger, consolidation, conversion or similar transaction, (ii) exercising option, warrant, conversion, exchange, pre-emptive or other purchase rights, or (iii) participating in subsequent financing rounds of Portfolio Companies.

 

“Portfolio A Advisor” means the individual designated by the Class A Members from time to time pursuant to Section 8.2.

 

“Portfolio Company” means any issuer of any of the securities included in each of the respective Portfolios.

 

“Regulatory Allocations” has the meaning set forth in Section 6.4.

 

- 27

 

“Retired Member” has the meaning set forth in Section 12.2.

 

“Retirement Event” means, with respect to any Member, (i) an Event of Bankruptcy with respect to such Member (except CDI), or (ii) the Transfer (or the occurrence of any event which results or will result in the Transfer) by such Member of any interest in the Company in violation of this Agreement.

 

“Routine Expenses” means the following expenses:

 

(i)                                  expenses(including, without limitation, legal, accounting, filing and other fees) incurred by the Company or the Manager in connection with the formation, operation, dissolution or termination of the Company and that are not specific to any particular portfolio or the securities therein (such as, for example, legal and accounting fees in connection with the Company dissolution, tax return preparation and filing costs, and annual report fees) in an aggregate amount from and after the Effective Date not exceeding $50,000 which will be shared 50/50 among the Class A Member and the Class B Members;

 

(ii)                              fees and out-of-pocket costs of evaluating, negotiating, structuring, documenting and effecting transactions by the Company in either Portfolio A or Portfolio AAof up to $5,000 per fee or expense, including finders, placement, brokerage, accounting, legal, investment banking and other fees;

 

(iii)                          taxes, fees or other governmental charges levied against the Company or in connection with its business or operations;

 

(iv)                          costs of litigation and similar matters of up to $5,000 per fee or expense (including matters that are the subject of indemnification pursuant to Section 10).

 

“Selling Member” has the meaning set forth in Section 11.2.1.

 

“Short Term Investments” means commercial paper, governmental obligations, money market instruments, money market mutual shares, certificates of deposit and other similar obligations and securities in each case of high investment grade quality.

 

“Tax Liability” means, as to any Member as of the close of any fiscal year or other accounting period, (i) the amount of net taxable income and gain of the Company allocated with respect to such Member’s interest in the Company (including to predecessor holders) pursuant to Section 6 for periods through and including the close of such fiscal year or other accounting period, multiplied by (ii) the highest combined federal and state rate (taking into account any federal deductibility of state taxes and vice versa, and any applicable capital gain or other preferences) applicable to individual residents of Massachusetts, in the case of allocations to a Class B Member , or to

 

- 28

 

corporations with principal places of business in Illinois, in the case of the Class A Member, for such fiscal year or other accounting period.

 

“Tax Matters Partner” has the meaning set forth in Section 6.9.

 

“Term” has the meaning set forth in Section 4.

 

“Transfer” means (i) when used as a verb, to sell, assign, transfer, bequeath, devise, pledge, encumber or otherwise dispose of, voluntarily, involuntarily or by operation of law, and (ii) when used as a noun, any sale, assignment, transfer, bequest, devise, pledge, encumbrance or other disposition, whether voluntary, involuntary or by operation of law.

 

“Transfer Notice” has the meaning set forth in Section 11.2.1.

 

“Treasury Regulations” means the Income Tax Regulations promulgated from time to time under the Code.  References to specific sections of the Treasury Regulations shall be to such sections as amended, supplemented or superseded by Treasury Regulations currently in effect.

 

“Voting Securities” means, with respect to any Entity that is a corporation (or that is managed by one (1) or more Persons having powers similar to those of a corporate board of directors and who are subject to periodic re-election, or removal and replacement, similar to corporate directors), securities of such Entity having the right to vote in an election, or for the removal and replacement, of such Entity’s board of directors (or such Persons having similar powers).

 

“Windspeed” has the meaning set forth in the initial paragraph of this Agreement.

 

“Windspeed Fund” has the meaning set forth in the initial paragraph of this Agreement.

 

“Windspeed Team” means Daniel H. Bathon Jr., John W. Bullock and Steven Karlson, the general partners of Windspeed.

 

18.                            Miscellaneous.

 

18.1                    Successors and Assigns.  The covenants and agreements contained herein shall be binding upon and inure to the benefit of the heirs, executors, administrators, successors and assigns of the respective parties hereto, and no other Person shall have any rights or benefits hereunder except to the extent expressly provided by applicable law.

 

18.2                    Waivers.  The failure of any Person to seek redress for violation, or to insist on strict performance, of any covenant or condition of this Agreement shall not

 

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(i) prevent a subsequent act which would have constituted a violation from having the effect of an original violation or (ii) excuse strict performance of such covenant or condition in any subsequent case.

 

18.3                    Certification.  The Manager may cause any or all of the Members’ interests in the Company to be evidenced by certificates.  Unless certificated pursuant to this Section 18.3, interests in the Company shall not be evidenced by certificates.  As a condition to the effectiveness of any Transfer of an interest that has been certificated, the Manager may require the submission to the Company of the certificate(s) evidencing such interest (or an affidavit of loss in such form as the Manager determines to be appropriate).

 

18.4                    Governing Law.  This Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State of Delaware without regard to principles of conflicts of law.  In the event of a conflict between any provision of this Agreement and any non-mandatory provision of the Act, the provisions of this Agreement shall control and take precedence.

 

18.5                    Separability.  Each provision of this Agreement shall be considered separable, and if for any reason any provision or provisions of this Agreement, or the application of such provision to any Person or circumstance, shall be held invalid or unenforceable in any jurisdiction, such provision or provisions shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without invalidating the remaining provisions hereof, or the application of the affected provision to Persons or circumstances other than those to which it was held invalid or unenforceable, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

18.6                    Entire Agreement.  This Agreement (together with any exhibits, schedules, subscription or other agreements referred to herein, which are hereby incorporated herein by reference) constitutes the entire agreement among the parties governing the relationship established hereby.  This Agreement (together with such exhibits, schedules and agreements) supersedes any prior agreement or understanding among the parties and may not be modified or amended in any manner other than as set forth herein or therein.

 

18.7                    Section Titles.  Section titles are for descriptive purposes only and shall not control or alter the meaning of this Agreement as set forth in the text.

 

18.8                    Counterparts.  This Agreement may be executed in several counterparts, all of which together shall constitute one (1) agreement binding on all parties hereto notwithstanding that all the parties have not signed the same counterpart.

 

18.9                    Pronouns.  When used herein, pronouns and variations thereof shall be deemed to refer to the masculine, feminine or neuter or to the singular or plural as the identity of the Person or Persons referenced or the context may require.

 

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18.10            No Partition.  Except as expressly provided herein, no Member or successor-in-interest to any Member shall have the right while this Agreement remains in effect to have any property of the Company partitioned, or to file a complaint or institute any proceeding at law or in equity to have such property of the Company partitioned, and the Member, on behalf of itself and its successors, representatives, heirs and assigns, hereby waives any such right.

 

18.11            Amendments.  In addition to any amendments otherwise permitted by this Agreement, this Agreement may be amended from time to time with the consent of each of the Manager, the Class A Member and the Class B Members.

 

18.12            Notice Addresses.  Any notice to a Member shall be delivered in writing at the address of such Member set forth below such Member’s name on the signature page hereof (or instrument of adherence hereto) executed by such Member or at such other mailing address of which such Member shall prospectively notify the Manager and the other Members in writing (any such other mailing address shall be duly noted by the Manager in the Company’s books and records).  Any notice to the Company or the Manager shall be at the principal office of the Company as set forth in Section 3 or at such other mailing address of which the Manager shall prospectively notify the Members in writing.

 

18.13            Notice Deemed Given.  Any notice shall be deemed to have been duly given if personally delivered or sent by United States mail or express mail service or by telecopy or telegram confirmed by letter and will be deemed given, unless earlier received, (i) if sent by certified or registered mail, return receipt requested, or by first-class mail, five (5) calendar days after being deposited in the United States mails, postage prepaid, (ii) if sent by United States Express Mail or other express mail service, two (2) calendar days (other than Sundays and federal holidays) after being deposited therein, (iii) if sent by telegram, telecopy or other electronic transmission, on the date sent provided confirmatory notice is sent by first-class mail, postage prepaid, and (iv) if delivered by hand, on the date of receipt.

 

18.14            Dispute Resolution.  In the event of any controversy, dispute or claim under, arising out of or related to this Agreement (including but not limited to claims relating to breach, termination, fraud or misrepresentation, or the invalidity, illegality or voidness of this Agreement) whether based on contract, tort, statute or other legal theory (collectively hereinafter, “disputes”), the parties shall first attempt to resolve the dispute, at the written request of any party to the dispute, through discussions between authorized senior representatives of the parties to the dispute.  If, despite the good faith efforts of the parties, the dispute is not resolved by the foregoing discussions within fifteen (15) days, the dispute shall be referred to binding arbitration in Chicago, Illinois pursuant to the commercial arbitration rules then in effect of the American Arbitration Association by a sole arbitrator selected by the parties within fifteen (15) days after written request for arbitration by any party or, in the absence of such selection, to arbitrator(s) selected in accordance with such rules.  Any award made pursuant to an

 

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arbitration proceeding shall be made within four (4) months of the appointment of the arbitrator and may be entered in any court of competent jurisdiction.  The arbitrator shall determine issues of arbitrability but may not limit, expand or otherwise modify the terms of this Agreement.  Issues of arbitrability shall be determined in accordance with the federal substantive and procedural laws relating to arbitration.

 

 

[Remainder of Page Intentionally Left Blank]

 

- 32

 

COUNTERPART SIGNATURE PAGE

SIXTH AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT

 

By its execution of this signature page, the undersigned does hereby agree to be bound by the provisions of the Sixth Amended and Restated Limited Liability Company Agreement to which this signature page is appended, a counterpart of which has been furnished to the undersigned, and the undersigned hereby authorizes the Company to append this signature page to a counterpart of the Sixth Amended and Restated Limited Liability Company Agreement as evidence thereof.

 

COMDISCO, INC.

 

 

By: \s\  Randolph I. Thornton

Name: Randolph I. Thornton

Title:   President and Chief Executive Officer

 

Address:  5600 North River Road, Suite 800

Rosemont, Illinois 60018

 

WINDSPEED ACQUISITION FUND GP, LLC

 

 

By:  \s\  John Bullock

Name: John Bullock

Title:   Managing Partner

 

Address: 52 Waltham Street

Lexington, MA 02421

 

COMDISCO VENTURES FUND B, LLC

By: Windspeed Acquisition Fund GP, LLC

Its General Partner

 

	
By:
    	
\s\ John Bullock
    
	
Name: 
    	
John Bullock
    
	
Title:
    	
Managing Partner
    

 

Address: 52 Waltham Street

Lexington, MA 02421

 

 

 

 

 

 

 

 

[Signature Page to Fund A LLC Agreement]

 

 

WINDSPEED ACQUISITION FUND, L.P.

By: Windspeed Acquisition Fund GP, LLC

Its general partner.

 

	
By:
    	
\s\ John Bullock
    
	
Name: 
    	
John Bullock
    
	
Title: Managing Partner
    

 

Address: 52 Waltham Street

Lexington, MA 02421

 

- 34

 

SCHEDULE A

 

ATTACHED TO AND MADE PART OF THE SIXTH AMENDED AND RESTATED LIABILITY COMPANY AGREEMENT OF COMDISCO VENTURES FUND A, LLC.

 

 

 

PORTFOLIO A COMPANIES:

 

 

 

Ebates Shopping.com, Inc (proceeds held in escrow from previous sale of Shares)

 

IronPlanet.com, Inc.

 

On24, Inc.

 

 

SCHEDULE B

 

ATTACHED TO AND MADE PART OF THE SIXTH AMENDED AND RESTATED LIABILITY COMPANY AGREEMENT OF COMDISCO VENTURES FUND A, LLC.

 

 

 

PORTFOLIO B COMPANIES:

 

 

 

Alien Technology Corp.

 

Consolidated IP Holdings, Inc.

 

Integral Development Corp.

 

Kotura, Inc.

 

MetricStream Inc.

 

nlight Photonics, Corp.

 

Radiant Research, Inc.

 

Sportvision, Inc.

 

Topica, Inc.

 

Visto, Corp.

 

Vivre, Inc.

 

 

SCHEDULE AA

 

ATTACHED TO AND MADE PART OF THE SIXTH AMENDED AND RESTATED LIABILITY COMPANY AGREEMENT OF COMDISCO VENTURES FUND A, LLC.

 

 

 

PORTFOLIO AA COMPANIES:

 

 

 

NoneEX-10.9

 EXHIBIT 10.9 

FINAL FORM 
 DESERT NEWCO, LLC

 2011 Unit Incentive Plan 
  

	1.	Purpose of Plan 

 The Desert Newco, LLC 2011 Unit Incentive Plan (the
“Plan”) is designed to: 
 (a) promote the long term financial interests and growth of Desert Newco, LLC, a Delaware
limited liability company (the “Company”), and its Subsidiaries and Affiliates by attracting and retaining management and other personnel with the training, experience and ability to enable them to make a substantial contribution to
the success of the Company; 
 (b) motivate management personnel by means of growth-related incentives to achieve long range goals; and 

(c) further the alignment of interests of participants with those of the Members of the Company and the direct and indirect members of the
Company through opportunities for increased equity, or equity-based ownership, in the Company. 
  

	2.	Definitions 

 Capitalized terms not otherwise defined herein shall have the same meaning
as set forth in the Amended and Restated Limited Liability Company Agreement of the Company dated as of December 16, 2011, as amended, modified or supplemented from time to time (the “LLC Agreement”). As used in the Plan, the
following words shall have the following meanings: 
 (a) “Affiliate” means with respect to any Person, any Person directly
or indirectly through one or more intermediaries controlling, controlled by or under common control with such Person. 
 (b)
“Award” means a grant of a Unit or any Unit-based compensation made to a Participant pursuant to the Plan and described in Section 4. 

(c) “Award Agreement” means a written agreement between the Company and a Participant that sets forth the terms, conditions
and limitations applicable to an Award. 
 (d) “Board” means (i) prior to an IPO, the Executive Committee and
(ii) on or after an IPO, the entity that the Executive Committee determines is appropriate in connection with an IPO. 
 (e)
“Code” means the Internal Revenue Code of 1986, as amended, or any successor thereto. 

 (f) “Committee” means the committee described in Section 3 hereof (or if a
committee has not been appointed by the Board, the Board shall be deemed to be the Committee for purposes of this Plan) or the Board, if it acts in lieu of the Committee. 

(g) “Change in Control” Shall have the meaning as the term “Sale Transaction” as such term is defined in the LLC
Agreement. Notwithstanding the above, to the extent an Award is subject to Section 409A, an event shall not constitute a Change in Control unless it would also be a change in control within the meaning of Section 409A. 

(h) “Disabled” or “Disability” shall have the meaning set forth in a given Award Agreement, provided, that,
in the event that an Award should be subject to Section 409A, with respect to such Award, “Disabled” and “Disability” shall have the meaning set forth in Section 409A and Treasury
Regulation Section 1.409A-3(i)(4) thereunder. 
 (i) “Effective Date” has the meaning described in
Section 14 hereof. 
 (j) “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor act
thereto. 
 (k) “Fair Market Value” means the fair market value of one Unit on any given date, as determined reasonably and
in good faith by the Board, and based on the most recent appraisal of Units received by the Board, which appraisal must have been prepared no more than twelve months prior to the date on which such determinate is made; provided, however, such
valuation method shall be in accordance with Section 409A, to the extent applicable. The Committee may adopt a different methodology for determining Fair Market Value if necessary or advisable to secure any intended favorable tax, legal or
other treatment for the particular Award. Notwithstanding the foregoing, if there is a public trading market for the Units on a given date, the Fair Market Value shall be the closing trading price on the applicable date. 

(l) “Other Unit-Based Awards” means Awards granted pursuant to Section 6 of the Plan. 

(m) “Participant” means an employee, employee or non-employee directors or members, consultants or other service providers or
Persons having a relationship with the Company or any of its Affiliates who is selected by the Board or the Committee to participate in the Plan, including any Person to whom one or more Awards have been made and remain outstanding. 

(n) “Person” means “person,” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act.

 (o) “Section 409A” means Section 409A of the Code, as amended, and the regulations, rulings, notices or other
guidance promulgated thereunder. 
 (p) “Subsidiary” means, with respect to any Person, any corporation, partnership,
limited liability company, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a 

  
 -2- 

 
combination thereof, or (ii) if a partnership, limited liability company, association or other business entity, a majority of the partnership or other similar ownership interest thereof is
at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest
in a partnership, limited liability company, association or other business entity if such Person or Persons shall be allocated a majority of partnership, limited liability company, association or other business entity gains or losses or shall be or
control the managing director, manager or general partner of such partnership, limited liability company, association or other business entity. 

(q) “Unit Option” means an option to purchase Units granted pursuant to the Plan. 

(r) “Unit Option Price” means the purchase price per Unit of a Unit Option, as determined pursuant to Section 5 of the
Plan. 
  

	3.	Administration of Plan 

 (a) The Plan shall be administered by the Board or, if the Board
shall so determine, by a Committee consisting of one or more members of the Board; provided, however, that from and after the date on which the Company is required to register any class of its equity securities under Section 12 of the Exchange
Act, the Plan shall be administered by a Committee which shall consist of two or more members of the Board of the Company, each of whom is intended to qualify as a “non-employee director” within the meaning of Rule 16b-3 under the
Exchange Act and an “outside director” within the meaning of Section 162(m) of the Code. The members of the Committee shall be selected by the Board. Any member of the Committee may resign by giving written notice thereof to the
Board, and any member of the Committee may be removed at any time, with or without cause, by the Board. If, for any reason, a member of the Committee shall cease to serve, the vacancy shall be filled by the Board. During any period of time in which
the Plan is administered by the Board, all references in the Plan or any Award Agreement to the Committee shall be deemed to refer to the Board. 

(b) The Committee shall have full power and authority to administer and interpret the Plan, Awards granted under the Plan and each Award
Agreement, including, without limitation, the power to (i) exercise all of the powers granted to it under the Plan, (ii) construe, interpret and implement the Plan and any Award Agreement, (iii) prescribe, amend and rescind rules and
regulations relating to the Plan, including rules governing its own operations, (iv) make all determinations necessary or advisable in administering the Plan, Awards and any Award Agreements, (v) correct any defect, supply any omission and
reconcile any inconsistency in the Plan, Awards or any Award Agreement, (vi) amend the Plan, Awards and any Award Agreement to reflect changes in applicable law, (vii) determine from among those persons determined to be eligible for the
Plan, the particular persons who will be Participants, (viii) grant Awards under the Plan and determine the terms and conditions of such Awards, consistent with the express limitations of the Plan, (ix) delegate such powers and authority
to such persons as it deems appropriate; provided that any such delegation is consistent with applicable law and any guidelines as may be established by the Board from time to time and (x) waive any conditions under any Awards. The
determination of 

  
 -3- 

 
the Committee on all matters relating to the Plan, Award Agreement or any Awards shall be final, binding and conclusive upon all persons. 

(c) The Committee may employ counsel, consultants, accountants, appraisers, brokers or other persons at the expense of the Company. The Board,
Committee, the Company, and the officers and Members of the Company shall be entitled to rely upon the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Committee in good
faith shall be final and binding upon all Participants, the Company and all other interested persons. No member of the Committee shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan
or the Awards, and all members of the Committee shall be fully protected by the Company with respect to any such action, determination or interpretation. 
  

	4.	Awards 

 (a) From time to time, the Committee will determine the form, amounts, terms,
conditions and limitations of Awards, consistent with the terms of this Plan. The form, amount, terms, conditions and limitations of each Award under the Plan shall be set forth in an Award Agreement, in a form approved by the Committee, consistent,
however, with the terms of the Plan; provided, however, that such Award Agreement shall contain provisions dealing with the treatment of Awards in the event of the termination of employment or service (as applicable), Disability or death of a
Participant. Such Awards may take the following forms described in Section 4(b) and 4(c) hereunder, in the Committee’s sole discretion. 

(b) An Award may be made by the Committee in the form of Unit Options, in which case the Award Agreement evidencing such Award shall include,
inter alia, the option exercise period and the option exercise price (which shall not be less than 100% of the Fair Market Value of a Unit on the date the Unit Option is granted, other than in the case of Unit Options granted in substitution
of previously granted awards as described herein) and such other terms, conditions or restrictions on the grant or exercise of the Unit Option as the Committee deems appropriate. In addition to other restrictions contained in the Plan, an option
granted under this Section 4(b) may not be exercised more than 10 years after the date it is granted. Except as otherwise provided in an Award Agreement or as the Committee may determine, the purchase price for the Units as to which a Unit
Option is exercised shall be paid in full at the time of exercise at the election of the Participant (i) in cash, (ii) with the consent of the Committee, in Units (any such Units valued at Fair Market Value on the date of exercise),
provided that accepting such Units shall not result in adverse accounting consequences to the Company, (iii) with the consent of the Committee, through the withholding of Units (any such Units valued at Fair Market Value on the date of
exercise) otherwise issuable upon the exercise of the Unit Option in a manner that is compliant with applicable law, or (iv) a combination of the foregoing methods, in each such case in accordance with the terms of the Plan and the Award
Agreement; provided, that the Participant will pay any taxes due in respect of such exercise in cash. No Participant shall have any rights to distributions or other rights of a Unit holder with respect to Units subject to a Unit Option until the
Participant has given written notice of exercise of the Unit Option, the Participant has paid in full for such Units, the Units in question have been recorded on the Company’s register of interest holders, and if applicable, the Participant has
satisfied any other conditions imposed by the Company pursuant to the Plan. 

  
 -4- 

 (c) An Award may be made by the Committee in the form of restricted Units, phantom Units,
warrants or other securities that are convertible, exercisable or exchangeable for or into Units, or based on the Fair Market Value of Units in which case the Award Agreement evidencing such Award shall include, inter alia, such terms,
conditions or restrictions, as the Committee determines appropriate. Unless otherwise agreed by the Committee or provided in any Award Agreement, the Participant will pay any taxes due in respect or any Award in cash. 

(d) As a condition to the exercise, settlement, conversion or exchange of an Award into Units, or the grant of an Award of Units (including
restricted Units), the Participant will be required to become a party to the LLC Agreement, execute such other documents and instruments as are reasonably and customarily required by the Company to evidence compliance with applicable federal and
state securities and “blue sky” laws, and the Units acquired will be held subject to, and in compliance with, the terms and conditions of the LLC Agreement. 

(e) Subject to Section 2.9(c) of the LLC Agreement, in connection with an IPO Reorganization, each Participant shall be required to take
such actions as may be reasonably required by the Executive Committee and otherwise cooperate in good faith with the Executive Committee, including, but not limited to, executing and delivering all agreements, instruments and documents as may be
reasonably required in order to consummate an IPO Reorganization. 
  

	5.	Units Subject to the Plan; Limitations and Conditions 

 (a) Subject to Section 8,
the number of Units available for Awards under this Plan shall be equal to [                    ] Units. Unless restricted by applicable law, Units
related to Awards that are forfeited, terminated, canceled or expire unexercised shall immediately become available for new Awards. 
 (b)
No Awards shall be granted under the Plan beyond ten years after the Effective Date, but the terms of Awards made on or before the expiration of the Plan may extend beyond such expiration date. At the time an Award is made or amended or the terms or
conditions of an Award are changed in accordance with the terms of the Plan or the Award Agreement, the Committee may provide for limitations or conditions on such Award. 

(c) No such Awards shall, prior to vesting and delivery thereof to the Participant, be in any manner liable for or subject to the debts,
contracts, liabilities, engagements, or torts of the Participant. 
 (d) Unless otherwise determined by the Committee, an Award shall not be
transferable or assignable by the Participant other than by will or by the laws of descent and distribution. An Award exercisable after the death of a Participant may be exercised by his legatees, personal representative, or distributees. 

(e) Participants shall not be, and shall not have any of the rights or privileges of, Members of the Company in respect of any Awards
exercisable, settled, convertible or exchangeable into Units, unless and until book entry representing such Units has been made and admission of the Participant as a Member pursuant to the LLC Agreement has occurred. 

  
 -5- 

 (f) Except as otherwise determined by the Committee, no exercise of any Award may be made during
a Participant’s lifetime by anyone other than the Participant, except by a legal representative appointed for or by the Participant in accordance with the requirements set forth by the Company. 

(g) Absent express provisions to the contrary, any Award under this Plan shall not be deemed compensation for purposes of computing benefits
or contributions under any retirement or severance plan of the Company or its Affiliates and shall not affect any benefits under any other benefit plan of any kind now or subsequently in effect under which the availability or amount of benefits is
related to level of compensation. 
 (h) The Unit Option Price per Unit shall be determined by the Committee, but shall not be less than
100% of the Fair Market Value of a Unit on the date a Unit Option is granted (other than in the case of Unit Options granted in substitution of previously granted awards). 
  

	6.	Other Unit-Based Awards 

 The Committee, in its sole discretion, may grant or sell Awards
of Units, Awards of restricted Units and Awards that are valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Units (such Awards, “Other Unit-Based Awards”). Such Other Unit-Based Awards
shall be in such form, and dependent on such conditions, as the Committee shall determine, including, without limitation, the right to receive, or vest with respect to, one or more Units (or the equivalent cash value of such Units) upon the
completion of a specified period of service, the occurrence of an event and/or the attainment of performance objectives. Other Unit-Based Awards may be granted alone or in addition to any other Awards granted under the Plan. Subject to the
provisions of the Plan, the Committee shall determine to whom and when Other Unit-Based Awards will be made, the number of Units to be awarded under (or otherwise related to) such Other Unit-Based Awards, whether such Other Unit-Based Awards shall
be settled in cash, Units or a combination of cash and Units, and all other terms and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions ensuring that all Units so awarded and issued shall be
fully paid and non-assessable). 
  

	7.	Transfers and Leaves of Absence 

 For purposes of the Plan, unless the Committee
determines otherwise: (a) a transfer of a Participant’s employment without an intervening period of separation among the Company and any of its Affiliates shall not be deemed a termination of employment, and (b) a Participant who is
awarded in writing a leave of absence or who is entitled to a statutory leave of absence shall be deemed to have remained in the employ of the Company (and any of its Affiliates) during such leave of absence. In the case of an Award subject to
Section 409A, no termination shall be deemed a termination from employment unless it is a “separation from service” under Section 409A. 
  

	8.	Adjustments Upon Certain Events 

 Notwithstanding any other provisions in the Plan to the
contrary, the following provisions shall apply to all Awards granted under the Plan: 

  
 -6- 

 (a) Generally. In the event of any change in the outstanding Units after the Effective
Date by reason of any Unit split, reorganization, recapitalization, merger, consolidation, spin-off, combination, combination or transaction or exchange of Units or other corporate exchange, or any extraordinary distribution to members of the
Company (which shall not, for the avoidance of doubt, include any tax distributions) or any transaction similar to the foregoing, the Committee, without liability to any Person, shall make such substitution or adjustment, if any, in the manner it
deems to be equitable (subject to Section 12), as to (i) the number or kind of Units or other securities issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Awards, (ii) the maximum number of Units for
which Unit Options may be granted during a fiscal year to any Participant, (iii) the exercise price of any Award and/or (iv) any other affected terms of such Awards. 

(b) Change in Control. In the event of a Change in Control after the Effective Date, (i if determined by the Committee in the
applicable Award Agreement or otherwise, any outstanding Awards then held by Participants which are unexercisable or otherwise unvested or subject to lapse restrictions shall automatically be deemed exercisable or otherwise vested or no longer
subject to lapse restrictions, as the case may be, as of immediately prior to such Change in Control and (ii) the Committee may (subject to Section 12), but shall not be obligated to, (A) accelerate, vest or cause the restrictions to
lapse with respect to all or any portion of an Award, (B) cancel such Awards for fair value (as determined in the sole discretion of the Committee) which, in the case of Unit Options, may equal the excess, if any, of value of the consideration
to be paid in the Change in Control transaction to holders of the same number of Units subject to such Unit Options (or, if no consideration is paid in any such transaction, the Fair Market Value of the Units subject to such Unit Options) over the
aggregate exercise price of such Unit Options, (C) provide for the issuance of substitute Awards that will substantially preserve the otherwise applicable terms of any affected Awards previously granted hereunder as determined by the Committee
in its sole discretion or (D) provide that for a period of at least 15 days prior to the Change in Control, such Unit Options shall be exercisable as to all Units subject thereto and that upon the occurrence of the Change in Control, such Unit
Options shall terminate and be of no further force and effect. For the avoidance of doubt, pursuant to (B) above, the Committee may cancel and pay no consideration for all, or any portion of, Unit Options if the Fair Market Value of any Unit
subject to such Unit Options is less than or equal to the Unit Option Price of such Unit Options, but only with respect to those Units where such deficit exists. 
  

	9.	Forfeiture/Clawback 

 The Committee may, in its sole discretion, specify in an Award that
the Participant’s rights, payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or
performance conditions of an Award. Such events may include, but shall not be limited to, termination of employment for cause, termination of the Participant’s provision of services to the Company or any of its subsidiaries, breach of
noncompetition, confidentiality, or other restrictive covenants that may apply to the Participant, or restatement of the Company’s financial statements to reflect adverse results from those previously released financial statements, as a
consequence of errors, omissions, fraud, or misconduct. 

  
 -7- 

	10.	Amendment and Termination 

 (a) The Committee shall have the authority to make such
amendments to any outstanding Awards as are consistent with this Plan, provided that no such action shall modify any Award in a manner adverse in any material respect to the Participant without the Participant’s consent except as such
modification is provided for or contemplated in the terms of the Award or this Plan (including, for the avoidance of doubt, pursuant to Sections 8 or 9 hereof). Without limiting the generality of the foregoing, to the extent applicable,
notwithstanding anything herein to the contrary, this Plan and Awards issued hereunder shall be interpreted in accordance with Section 409A and Department of Treasury regulations and other interpretative guidance issued thereunder, including
without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that the Committee determines that any amounts payable hereunder will be
taxable to a Participant under Section 409A and related Department of Treasury guidance prior to payment to such Participant of such amount, the Company may (a) adopt such amendments to the Plan and Awards and appropriate policies and
procedures, including amendments and policies with retroactive effect, that the Committee determines necessary or appropriate to preserve the intended tax treatment of the benefits provided by the Plan and Awards hereunder and/or (b) take such
other actions as the Committee determines necessary or appropriate to avoid the imposition of an additional tax under Section 409A. 

(b) The Board may amend, suspend or terminate the Plan except that no such action, other than an action under Sections 8 or 9 hereof, may
be taken which would, without Member approval, increase the aggregate number of Units available for Awards under the Plan, decrease the price of outstanding Awards, change the requirements relating to the Committee as set forth in Section 3
hereof, or extend the term of the Plan. 
  

	11.	Governing Law 

 (a) This Plan shall be governed in all respects by the laws of the State
of Delaware without giving effect to the principle of conflict of laws. 
 (b) The Committee may make Awards to employees, non-employee
members of the Board, consultants, or other persons having a relationship with the Company or any of its Affiliates who are subject to the laws of jurisdictions other than those of the United States, which Awards may have terms and conditions that
differ from the terms thereof as provided elsewhere in the Plan for the purpose of complying with non-US, laws or otherwise as deemed to be necessary or desirable by the Committee. 

 

	12.	Conformity to Section 409A 

 It is intended that all Awards under this Plan and any
Award Agreement, either be exempt from or avoid taxation under Section 409A. All Unit Options or other similar Awards that are granted with an exercise price shall be granted with an exercise price such that the Award would not constitute
deferred compensation under Section 409A or shall otherwise be structured to avoid taxation under Section 409A. Any ambiguity in this Plan and any Award Agreement shall be interpreted to comply with Section 409A. To the extent
applicable, as determined in the sole 

  
 -8- 

 
discretion of the Committee with and upon advice of counsel, (a) each amount or benefit payable pursuant to this Plan and any Award Agreement shall be deemed a separate payment for purposes
of Section 409A and (b) in the event the equity interests of the Company are publicly traded on an established securities market or otherwise and the Participant is a “specified employee” (as determined under the Company’s
administrative procedure for such determinations, in accordance with Section 409A) at the time of the Participant’s termination of employment, any payments under this Plan or any Award Agreement that are deemed to be deferred compensation
subject to Section 409A shall not be paid or begin payment until the earlier of the Participant’s death and the first day following the six (6) month anniversary of the Participant’s date of termination of employment. The
Committee shall use commercially reasonable efforts to implement the provisions of this Section 12 in good faith; provided that neither the Company, the Board, the Committee nor any of the Company’s employees, directors or representatives
shall have any liability to Participants with respect to this Section 12. 
  

	13.	Withholding Taxes 

 If the Company and/or any Affiliate shall be required to withhold any
amounts by reason of any Federal, State, local or foreign tax rules or regulations in respect of any Award, the Company and/or any Affiliate shall be entitled to take such action as it deems appropriate in order to ensure compliance with such
withholding requirements. The Company or any of its Affiliates shall have the right, at its option, to (a) require the Participant to pay or provide for payment of the amount of any taxes which the Company or any of its Affiliates may be
required to withhold with respect to such Award, (b) deduct from any amount otherwise payable in cash (whether related to the Award or otherwise) to the Participant the amount of any taxes which the Company or any of its Affiliates may be
required to withhold with respect to such Award, or (c) if the Committee determines, to withhold Units with a Fair Market Value of the minimum amount of any taxes which the Company or any of its Affiliates may be required to withhold with
respect to such Award. 
  

	14.	Effective Date and Termination Dates 

 The Plan shall be effective as of
December 16, 2011 (the “Effective Date”) and shall terminate ten years later, subject to earlier termination by the Board pursuant to Section 10. 
  

	15.	Miscellaneous 

 (a) ERISA. This Plan is not subject to the Employee Retirement
Income Security Act of 1974, as amended. 
 (b) No Right of Employment or Service. Nothing contained herein, in an Award Agreement or
in an Award shall confer on any employee, director or consultant any right to be continued in the employ or service of the Company and/or any Affiliates, constitute any contract or agreement of employment or other service or affect an
employee’s status as an at-will employee, nor shall anything contained herein, in any Award Agreement or an Award affect any rights which the Company and/or its Affiliates may have to change a person’s compensation or other benefits or
terminate such person’s employment or association with the Company and/or its Affiliates for any reason (with or without cause, with or without compensation) at any time. 

  
 -9- 

 (c) Funding. Unless the Committee determines otherwise, no benefit or promise under the
Plan shall be secured by any specific assets of the Company or any of its Affiliates, nor shall any assets of the Company or any of its Affiliates be designated as attributable or allocated to the satisfaction of the Company’s obligations under
the Plan. 
 (d) Non-Uniform Determinations. The Committee’s determinations under the Plan need not be uniform and may be made
by it selectively among persons who receive or are eligible to receive Awards (whether or not such persons are similarly situated). Without limiting the generality of the foregoing, the Committee shall be entitled, among other things, to make
non-uniform and selective determinations, and to enter into non-uniform and selective Award Agreements, as to the persons to receive Awards under the Plan and the terms and provisions of Awards under the Plan. 

(e) Section Headings; Construction. The section headings contained herein are for the purpose of convenience only and are not
intended to define or limit the contents of the sections. All words used in this Plan shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word “including” does not limit
the preceding words or terms. 
 (f) Severability; Entire Agreement. In the event any provision of the Plan or any Award Agreement
shall be held by a court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect the remaining provisions of the Plan and such Award Agreement and such
illegal, invalid or unenforceable provision shall be deemed modified as it such provision had not been included. 
 (g) Survival of
Terms; Conflicts. The provisions of the Plan shall survive the termination of the Plan to the extent consistent with, or necessary to carry out, the purposes thereof. Each Award Agreement remains subject to the terms of the Plan, however, in the
event of any conflict between specific provisions of the Plan and an Award Agreement, the Award Agreement shall control. 
 (h)
Arbitration. Any dispute with regard to the enforcement of this Plan and any Award Agreement hereunder shall be exclusively resolved by a single experienced arbitrator licensed to practice law in the State of Arizona, selected in accordance
with the American Arbitration Association (“AAA”) rules and procedures, at an arbitration to be conducted in the State of Arizona pursuant to the National Rules for the Resolution of Employment Disputes rules of AAA with the
arbitrator applying the substantive law of the State of Delaware as provided for under Section 11(a) hereof. The AAA shall provide the parties hereto with lists for the selection of arbitrators composed entirely of arbitrators who are members
of the National Academy of Arbitrators and who have prior experience in the arbitration of disputes between employers and senior executives. The determination of the arbitrator shall be final and binding on the parties hereto and judgment therein
may be entered in any court of competent jurisdiction. Each party shall pay its own attorneys fees and disbursements and other costs of the arbitration. 

  
 -10- 

 IN WITNESS WHEREOF, the undersigned officer of the Company hereby certifies that the Plan was adopted by the
Board at a meeting duly held on December 16, 2011. 
  

	
	  

	Christine N. Jones
	Executive Vice President, General Counsel and Corporate Secretary

  
 -11- 

 DESERT NEWCO, LLC 

FORM OF UNIT OPTION AGREEMENT 

(Time & Performance Vesting) 

THIS UNIT OPTION AGREEMENT (this “Agreement”), dated as of [Date] (the “Grant Date”) is made by and
between Desert Newco, LLC, a Delaware limited liability company (hereinafter referred to as the “Company”), and the individual (the “Optionee”) whose name is set forth on the Master Signature Page hereof, who is a
Participant. Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Desert Newco, LLC 2011 Unit Incentive Plan, as amended, modified or supplemented from time to time (the “Plan”). 

WHEREAS, as an incentive for the Optionee’s efforts in connection with his or her employment by, or performance of other services
for, the Company (or its Affiliates, as applicable), the Company wishes to afford the Optionee the opportunity to purchase a number of Units (which Units shall entitle the Optionee to any and all rights and benefits to which the holder of such Units
may be provided under the LLC Agreement (as defined below) and the Delaware Limited Liability Company Act), subject to the terms and conditions set forth herein and in the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this
Agreement, pursuant to which the Committee, appointed to administer the Plan, has instructed the undersigned officers to issue this Option. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto do hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Whenever the following
terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. 
  

	Section 1.1.	Cause 

 “Cause” shall mean the definition of “Cause” as defined in the
Employment Agreement or, in the absence of any Employment Agreement, the Optionee’s: (i) willfully engaging in illegal conduct or gross misconduct which is materially injurious to the Company or any of its Subsidiaries;
(ii) conviction of, or entry of a plea of nolo contendere or guilty to, a felony or a crime of moral turpitude; (iii) engaging in fraud, misappropriation, embezzlement or any other act or acts of dishonesty resulting or intended to result
directly or indirectly in a gain or personal enrichment to the Optionee at the expense of the Company or any of its Subsidiaries; (iv) willful material breach of any written policies of the Company or any of its Subsidiaries (which policy or
policies previously 

 
was provided to Optionee); or (v) willful and continual failure to substantially perform his or her duties with the Company or any of its Subsidiaries (other than a failure resulting from
his or her incapacity due to physical or mental illness), which failure has continued for a period of at least 30 days after a written demand for substantial performance is delivered to Optionee by the Company or one of its Subsidiaries which
specifically identifies the manner in which the Company believes that Optionee has not substantially performed Optionee’s duties. 
  

	Section 1.2.	Determination Date 

 “Determination Date” means, with respect to a given Fiscal
Year, the date on which the Board or a designated committee thereof approves or confirms the financial statements of the Company for the relevant Fiscal Year following the end thereof. 

 

	Section 1.3.	Employment Agreement 

 “Employment Agreement” means the employment agreement, if
any, specifying the terms of the Optionee’s employment by the Company or any of its Subsidiaries. 
  

	Section 1.4.	Fiscal Year 

 “Fiscal Year” shall mean any fiscal year of the Company as
set forth on https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx. 
  

	Section 1.5.	GD Equity Interests 

 “GD Equity Interests” shall mean the equity interests in
the Company acquired in connection with the Transaction. 
  

	Section 1.6.	Good Reason 

 “Good Reason” shall mean the definition of “Good Reason”
as defined in the Employment Agreement or, in the absence of any Employment Agreement: (i) a significant reduction of Optionee’s duties, position, or responsibilities, relative to Optionee’s duties, position, or responsibilities in
effect immediately prior to a Change in Control; (ii) a material reduction in the kind or level of retirement and welfare employee benefits to which Optionee is entitled immediately prior to the Change in Control; (iii) a reduction in
Optionee’s base salary or annual cash incentive opportunity as in effect immediately prior to the Change in Control; or (iv) the relocation of Optionee’s place of employment to a facility or location more than thirty-five
(35) miles from Optionee’s current place of employment. 
  

	Section 1.7.	Grant Date 

 “Grant Date” shall mean the definition of “Grant Date” as
defined in the preamble hereof. 

  
 -2- 

	Section 1.8.	IPO 

 “IPO” shall have the same meaning as the term “IPO” is defined in
the LLC Agreement. 
  

	Section 1.9.	Management Equityholder’s Agreement 

 “Management Equityholder’s
Agreement” shall mean that certain Management Equity and Unitholder’s Agreement dated as of the date of this Agreement between the Optionee and the Company. 
  

	Section 1.10.	Option 

 “Option” means the option to purchase the Units granted to the Optionee
under Section 2.1 of this Agreement. 
  

	Section 1.11.	LLC Agreement 

 “LLC Agreement” means the Limited Liability Company Agreement of
Desert Newco, LLC, dated effective as of December 16, 2011, as the same may be amended from time to time. 
  

	Section 1.12.	Sponsors 

 “Sponsors” shall have the same meaning as the term
“Sponsors” is defined in the LLC Agreement. 
 ARTICLE II 

GRANT OF OPTIONS 
  

	Section 2.1.	Grant of Options; Exercise Price 

 For good and valuable consideration, upon the terms and
conditions set forth herein and in the Plan, on and as of the Grant Date, the Company grants to the Optionee an option to purchase any part or all of an aggregate of the number and Units set forth on the Schedule to the Master Signature Page
hereof, at the exercise price set forth on such Schedule to the Master Signature Page hereof (which, subject to any adjustment as contemplated herein, is the Fair Market Value per Unit on the Grant Date), without commission or other charge.

 ARTICLE III 

PERIOD OF EXERCISABILITY 
  

	Section 3.1.	Vesting and Commencement of Exercisability 

 (a) So long as the Optionee continues
to be employed by the Company or any of its Subsidiaries through the relevant vesting date, the Option shall vest and become exercisable as follows: 
  

	 	(i)	Performance Option. 

  
 -3- 

 (A) Forty percent (40%) of the Units subject to Option shall be eligible to vest and become
exercisable based on the Company’s performance as specified in this paragraph (the “Performance Options”). In the event that the Company achieves the revenue and adjusted cash flow targets as set forth in
https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx (the “Annual Performance Target”) for a given Fiscal Year (or portion thereof) as reasonably determined in good faith by the Committee, the percentage of the
Performance Options set forth next to such Fiscal Year (or portion thereof) in the table below shall vest and become exercisable as of the applicable Determination Date. The Fiscal Years on which the vesting of the Performance Options are based will
be determined by the Committee and will be as indicated on the Employee’s Master Signature Page. 
  

			
	 Applicable Performance Period
	  	 Percentage of Units Subject to Performance Options

Eligible to Vest and Become Exercisable

	 End of Fiscal Year 1
	  	20%
	 End of Fiscal Year 2
	  	20%
	 End of Fiscal Year 3
	  	20%
	 End of Fiscal Year 4
	  	20%
	 End of Fiscal Year 5
	  	20%

 (B) Notwithstanding the foregoing, in the event that either or both component(s) of the Annual Performance
Target is not achieved in a particular Fiscal Year (a “Missed Year”), then that portion of the Performance Option that was eligible to vest and become exercisable but failed to so vest and become exercisable due to the
Company’s failure to achieve either or both component(s) of the Annual Performance Target for such Missed Year shall be eligible to vest and become exercisable at the end of the Fiscal Year immediately following the Missed Year (the
“Subsequent Year”) as provided in this paragraph, but only if the Optionee continues to be employed by the Company or any of its Subsidiaries as of the end of the Subsequent Year. In the event that, in the Subsequent Year, the
Company exceeds the target for either or both of the component(s) of the Annual Performance Target for such Subsequent Year, then the amount of such excess may be added to the amount achieved with respect to the applicable component of the Annual
Performance Target in the Missed Year. If, after giving effect to the addition(s) contemplated by the immediately preceding sentence, both components of the Annual Performance Target are satisfied for the Missed Year, the Performance Options
eligible to have vested and become exercisable in the Missed Year shall vest and become exercisable as of the end of the Subsequent Year. To the extent that any Performance Options which did not initially vest at the end of the Missed Year do not
vest at the end of the Subsequent Year, such Performance Options shall expire as of the end of such Subsequent Year without consideration. 

  
 -4- 

	 	(ii)	Time Option. 

 (A) Sixty percent (60%) of the Units subject to Option shall vest
and become exercisable based on time (the “Time Options”), such that the Time Option shall vest and become exercisable pursuant to the following schedule: 
  

			
	 Date Time Option Vests and Becomes

Exercisable
	  	 Percentage of Units Subject to Time Options

Eligible to Vest and Become Exercisable

	 Upon the first anniversary of the Grant Date
	  	20%
	 Upon the second anniversary of the Grant Date
	  	20%
	 Upon the third anniversary of the Grant Date
	  	20%
	 Upon the fourth anniversary of the Grant Date
	  	20%
	 Upon the fifth anniversary of the Grant Date
	  	20%

 (B) Notwithstanding Section 3.1(a)(ii)(A) above, to the extent that Time Options do not accelerate upon
a Change in Control pursuant to Section 3.1(c) and remain outstanding following a Change in Control, in the event that the Optionee’s employment is terminated by the Company (or its successor) without Cause or by the Optionee for Good
Reason within 90 days before, or on 18 months after a Change in Control, any then unvested Time Options will become immediately vested and exercisable. 

(b) As a condition of receiving any Options, the Optionee hereby waives any and all rights the Optionee currently has to become vested in any
unvested equity awards of the Company or its Affiliates upon any termination of employment pursuant to any agreement or arrangement entered into prior to the date hereof. 

(c) Effect of Change in Control. Notwithstanding any provision of Section 3.1(a) above, upon the earlier occurrence of a Change in
Control, so long as the Optionee remains employed with the Company or its Subsidiaries through the date of such Change in Control, then any unvested portion of the Time Option and the Performance Option shall become immediately vested and
exercisable as to 100% of the Units subject to such Unit Option immediately prior to the Change in Control if, as a result of such Change in Control, (x) the Sponsors achieve an internal rate of return (determined on a fully diluted basis,
assuming inclusion of all Units underlying all then outstanding Awards and any other outstanding options, warrants or other rights to acquires Units) of at least 25% or (y) the Sponsors earn at least 3.0 times the purchase price of the GD
Equity Interests acquired, directly or indirectly, by the Sponsors (subject to adjustment by the Committee to the extent any adjustment to the Options occurs pursuant to Section 8 of the Plan), in each case of clause (x) and (y), based on
cash received by the Sponsors on a cumulative basis (excluding tax distributions and after deduction for any applicable transaction expenses). 

  
 -5- 

 (d) Notwithstanding the foregoing, no portion of the Option shall vest and become exercisable as
to any additional Units (which portion has not otherwise vested and become exercisable in accordance with Sections 3.1(a) or (c) above) following the termination of employment of the Optionee with the Company and its Subsidiaries for any
reason (other than provided for in Section 3.1(a)(ii)(B) above), and the portion of the Option that is unvested and unexercisable as of the Optionee’s termination of employment with the Company and its Subsidiaries shall immediately expire
upon such termination without consideration. 
  

	Section 3.2.	Expiration of Option 

 The Optionee may not exercise the exercisable portion of the Option to any
extent and the unexercised portion of the Option shall terminate without consideration, upon the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) the first anniversary of the date of the Optionee’s termination of employment with the Company and its Subsidiaries, if such
employment is terminated by reason of death or Disability; or 
 (c) one hundred eighty (180) days after the date of an Optionee’s
termination of employment by the Company or any of its Subsidiaries without Cause (for any reason other than as set forth in Section 3.2(b)) or by the Optionee for Good Reason; or 

(d) immediately upon the date of the Optionee’s termination of employment by the Company or its Subsidiaries or Affiliates for Cause; or

 (e) ninety (90) days after termination of employment with the Company and its Subsidiaries by the Optionee without Good Reason; or

 (f) if the Committee so determines pursuant to Section 8 of the Plan. 

ARTICLE IV 

EXERCISE OF OPTION 
  

	Section 4.1.	Person Eligible to Exercise 

 Except as expressly provided for herein or in the Management
Equityholder’s Agreement, during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the Disability or death of the Optionee, any vested and exercisable portion of the Option may, prior to the
time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee’s legatees, personal representatives, or distributees. 
  

	Section 4.2.	Partial Exercise 

 Any exercisable portion of the Option or the entire Option, if then wholly
exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof 

  
 -6- 

 
becomes unexercisable under Section 3.2; provided however, that any partial exercise shall be for whole Units only. 
  

	Section 4.3.	Manner of Exercise 

 The Option, or any portion thereof, which is vested and exercisable, may be
exercised solely by delivering to the Secretary of the Company all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or any other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 
 (b) full
payment (in cash, by check, in Units (any such Units valued at Fair Market Value on the date of exercise), provided that Units may not be used for payment without the express consent of the Committee if such payment would result in adverse
accounting consequences to the Company, through the withholding of Units (any such Units valued at Fair Market Value on the date of exercise) otherwise issuable upon the exercise of the Unit Option in a manner that is compliant with applicable law,
or a combination of the foregoing methods; provided, that the Optionee will pay any taxes due in respect of such exercise in cash) for the Units with respect to which the Option or portion thereof is exercised; 

(c) execution, to the extent not previously executed, of the Management Equityholder’s Agreement, pursuant to which agreement the
Optionee shall also become subject to the LLC Agreement and such other documents and instruments as may be required by the Committee under the Plan; 

(d) full payment to the Company of all amounts which, under federal, state or local law, it (or an Affiliate) is required to withhold upon
exercise of the Option, except as otherwise agreed to by the Company under the Plan; 
 (e) in the event the Option or portion thereof shall
be exercised pursuant to Section 4.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the option; and 

(f) if so requested by the Committee, an irrevocable voting proxy and power of attorney in favor of a designated member of the Board. 

Without limiting the generality of the foregoing, the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer
of Units acquired on exercise of the Option does not violate the Securities Act of 1933, as amended, and may issue stop-transfer orders covering such Units. 

  
 -7- 

	Section 4.4.	Conditions to Issuance of Units 

 The Company shall not be required to record the ownership by the
Optionee of Units purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: 

(a) the obtaining of approval or other clearance from any federal, state, local or non-U.S. governmental agency which the Committee shall, in
its reasonable and good faith discretion, determine to be necessary or advisable; 
 (b) the lapse of such reasonable period of time
following the exercise of the Option as the Committee may from time to time establish for reasons of administrative convenience or as may otherwise be required by applicable law; and 

(c) the execution and delivery of the Management Equityholder’s Agreement. 

 

	Section 4.5.	Rights as Unitholder, Member 

 The Optionee shall not be, and shall not have any of the rights or
privileges of, Unitholders or Members of the Company in respect of any Units purchasable upon exercise of the Option or any portion thereof unless and until a book entry representing such Units has been made on the books and records of the Company
and the Optionee has been admitted as a Member pursuant to the terms of the LLC Agreement; provided, however, that the Optionee shall be deemed to be admitted as a Member, retroactive to the date of exercise, once the criteria contained in
Sections 4.3 and 4.4 hereof have been satisfied. 
  

	Section 4.6.	Initial Public Offering 

 In the event of an IPO, the Committee in its sole discretion and without
liability to, or the consent or approval of, any Person may provide that all outstanding Options, whether vested or unvested, be converted into options exercisable into or awards based upon, as the case may be, the securities being offered to the
public in such IPO. 
 ARTICLE V 

MISCELLANEOUS 
  

	Section 5.1.	Notices 

 Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth in the Company’s books and records. By a notice given pursuant to this Section 5.1,
either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal
representative if such representative has previously informed the Company of the representative’s status and address by written notice under 

  
 -8- 

 
this Section 5.1. Any notice shall have been deemed duly given as set forth in Section 10.4 of the LLC Agreement. 

 

	Section 5.2.	Survival of Terms; Conflicts 

 The Option and the Units issued to the Optionee upon exercise of
the Option shall be subject to all of the terms and provisions of the Plan and the LLC Agreement, to the extent applicable to the Option and such Units. In the event of any conflict between this Agreement or the Plan and the LLC Agreement, the terms
of the Plan and LLC Agreement, respectively, shall control. The provisions of the Agreement shall survive the termination of the Agreement to the extent consistent with, or necessary to carry out, the purposes thereof. In the event of any conflict
between this Agreement and the Management Equityholder’s Agreement, the Management Equityholder’s Agreement shall control. 
  

	Section 5.3.	Amendment 

 Subject to Section 10 of the Plan, this Agreement may be amended only by a
writing executed by the parties hereto, which specifically states that it is amending this Agreement. 
  

	Section 5.4.	Governing Law 

 This Agreement shall be governed in all respects by the laws of the State of
Delaware, without giving effect to the principal of conflict of laws. 
  

	Section 5.5.	Section Headings; Construction 

 The section headings contained herein are for the purpose of
convenience only and are not intended to define or limit the contents of the sections. All words used in this Agreement shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 
  

	Section 5.6.	Severability; Entire Agreement 

 In the event any provision of the Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect the remaining provisions of the Agreement and such illegal, invalid or unenforceable provision
shall be deemed modified as it such provision had not been included. 
  

	Section 5.7.	No Right of Employment or Service 

 Nothing contained herein shall confer on the Optionee any
right to be continued in the employ or service of the Company and/or any Affiliate, constitute any contract or agreement of employment or other service or affect an employee’s status as an at-will employee, nor shall anything contained herein
affect any rights which the Company and/or an Affiliate may have to change an Optionee’s compensation or other benefits or terminate such person’s employment or association with the 

  
 -9- 

 
Company and/or its Affiliate for any reason (with or without Cause, with or without compensation) at any time. 
  

	Section 5.8.	Counterparts 

 This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [See Master Signature Page for counterpart
signature] 

  
 -10- 

 DESERT NEWCO, LLC 

FORM OF UNIT OPTION AGREEMENT 

(Time Vesting) 
 THIS UNIT
OPTION AGREEMENT (this “Agreement”), dated as of [Date] (the “Grant Date”) is made by and between Desert Newco, LLC, a Delaware limited liability company (hereinafter referred to as the
“Company”), and the individual (the “Optionee”) whose name is set forth on the Master Signature Page hereof, who is a Participant. Any capitalized terms used but not otherwise defined herein shall have the meaning
set forth in the Desert Newco, LLC 2011 Unit Incentive Plan, as amended, modified or supplemented from time to time (the “Plan”). 

WHEREAS, as an incentive for the Optionee’s efforts in connection with his or her employment by, or performance of other services
for, the Company (or its Affiliates, as applicable), the Company wishes to afford the Optionee the opportunity to purchase a number of Units (which Units shall entitle the Optionee to any and all rights and benefits to which the holder of such Units
may be provided under the LLC Agreement (as defined below) and the Delaware Limited Liability Company Act), subject to the terms and conditions set forth herein and in the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this
Agreement, pursuant to which the Committee, appointed to administer the Plan, has instructed the undersigned officers to issue this Option. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto do hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Whenever the following terms are
used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. 
  

	Section 1.1.	Cause 

 “Cause” shall mean the definition of “Cause” as defined in the
Employment Agreement or, in the absence of any Employment Agreement, the Optionee’s: (i) willfully engaging in illegal conduct or gross misconduct which is materially injurious to the Company or any of its Subsidiaries;
(ii) conviction of, or entry of a plea of nolo contendere or guilty to, a felony or a crime of moral turpitude; (iii) engaging in fraud, misappropriation, embezzlement or any other act or acts of dishonesty resulting or intended to result
directly or indirectly in a gain or personal enrichment to the Optionee at the expense of the Company or any of its Subsidiaries; (iv) willful material breach of any written policies of the Company or any of its Subsidiaries (which policy or
policies previously 

 
was provided to Optionee); or (v) willful and continual failure to substantially perform his or her duties with the Company or any of its Subsidiaries (other than a failure resulting from
his or her incapacity due to physical or mental illness), which failure has continued for a period of at least 30 days after a written demand for substantial performance is delivered to Optionee by the Company or one of its Subsidiaries which
specifically identifies the manner in which the Company believes that Optionee has not substantially performed Optionee’s duties. 
  

	Section 1.2.	Determination Date 

 “Determination Date” means, with respect to a given Fiscal
Year, the date on which the Board or a designated committee thereof approves or confirms the financial statements of the Company for the relevant Fiscal Year following the end thereof. 

 

	Section 1.3.	Employment Agreement 

 “Employment Agreement” means the employment agreement, if
any, specifying the terms of the Optionee’s employment by the Company or any of its Subsidiaries. 
  

	Section 1.4.	Fiscal Year 

 “Fiscal Year” shall mean any fiscal year of the Company as set
forth on https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx. 
  

	Section 1.5.	GD Equity Interests 

 “GD Equity Interests” shall mean the equity interests in
the Company acquired in connection with the Transaction. 
  

	Section 1.6.	Good Reason 

 “Good Reason” shall mean the definition of “Good Reason”
as defined in the Employment Agreement or, in the absence of any Employment Agreement: (i) a significant reduction of Optionee’s duties, position, or responsibilities, relative to Optionee’s duties, position, or responsibilities in
effect immediately prior to a Change in Control; (ii) a material reduction in the kind or level of retirement and welfare employee benefits to which Optionee is entitled immediately prior to the Change in Control; (iii) a reduction in
Optionee’s base salary or annual cash incentive opportunity as in effect immediately prior to the Change in Control; or (iv) the relocation of Optionee’s place of employment to a facility or location more than thirty-five
(35) miles from Optionee’s current place of employment. 
  

	Section 1.7.	Grant Date 

 “Grant Date” shall mean the definition of “Grant Date” as
defined in the preamble hereof. 

  
 -2- 

	Section 1.8.	IPO 

 “IPO” shall have the same meaning as the term “IPO” is defined in
the LLC Agreement. 
  

	Section 1.9.	Management Equityholder’s Agreement 

 “Management Equityholder’s
Agreement” shall mean that certain Management Equity and Unitholder’s Agreement dated as of the date of this Agreement between the Optionee and the Company. 
  

	Section 1.10.	Option 

 “Option” means the option to purchase the Units granted to the Optionee
under Section 2.1 of this Agreement. 
  

	Section 1.11.	LLC Agreement 

 “LLC Agreement” means the Limited Liability Company Agreement of
Desert Newco, LLC, dated effective as of December 16, 2011, as the same may be amended from time to time. 
  

	Section 1.12.	Sponsors 

 “Sponsors” shall have the same meaning as the term
“Sponsors” is defined in the LLC Agreement. 
 ARTICLE II 

GRANT OF OPTIONS 
  

	Section 2.1.	Grant of Options; Exercise Price 

 For good and valuable consideration, upon the terms and
conditions set forth herein and in the Plan, on and as of the Grant Date, the Company grants to the Optionee an option to purchase any part or all of an aggregate of the number and Units set forth on the Schedule to the Master Signature Page
hereof, at the exercise price set forth on such Schedule to the Master Signature Page hereof (which, subject to any adjustment as contemplated herein, is the Fair Market Value per Unit on the Grant Date), without commission or other charge.

 ARTICLE III 

PERIOD OF EXERCISABILITY 
  

	Section 3.1.	Vesting and Commencement of Exercisability 

 (a) So long as the Optionee continues
to be employed by the Company or any of its Subsidiaries through the relevant vesting date, the Option shall vest and become exercisable as follows: 

  
 -3- 

 (i) One hundred percent (100%) of the Units subject to Option shall vest and become
exercisable based on time, such that the Option shall vest and become exercisable pursuant to the following schedule: 
  

			
	 Date Option Vests and Becomes Exercisable
	  	 Percentage of Units Eligible to Vest and Become

Exercisable

	Upon the first anniversary of the Grant Date	  	20%
	Upon the second anniversary of the Grant Date	  	20%
	Upon the third anniversary of the Grant Date	  	20%
	Upon the fourth anniversary of the Grant Date	  	20%
	Upon the fifth anniversary of the Grant Date	  	20%

 (ii) To the extent that Options do not accelerate upon a Change in Control pursuant to Section 3.1(c) and
remain outstanding following a Change in Control, in the event that the Optionee’s employment is terminated by the Company (or its successor) without Cause or by the Optionee for Good Reason within 90 days before, or on 18 months after a Change
in Control, any then unvested Options will become immediately vested and exercisable. 
 (b) As a condition of receiving any Options, the
Optionee hereby waives any and all rights the Optionee currently has to become vested in any unvested equity awards of the Company or its Affiliates upon any termination of employment pursuant to any agreement or arrangement entered into prior to
the date hereof. 
 (c) Effect of Change in Control. Notwithstanding any provision of Section 3.1(a) above, upon the earlier
occurrence of a Change in Control, so long as the Optionee remains employed with the Company or its Subsidiaries through the date of such Change in Control, then any unvested portion of the Option shall become immediately vested and exercisable as
to 100% of the Units subject to such Unit Option immediately prior to the Change in Control if, as a result of such Change in Control, (x) the Sponsors achieve an internal rate of return (determined on a fully diluted basis, assuming inclusion
of all Units underlying all then outstanding Awards and any other outstanding options, warrants or other rights to acquires Units) of at least 25% or (y) the Sponsors earn at least 3.0 times the purchase price of the GD Equity Interests
acquired, directly or indirectly, by the Sponsors (subject to adjustment by the Committee to the extent any adjustment to the Options occurs pursuant to Section 8 of the Plan), in each case of clause (x) and (y), based on cash received by
the Sponsors on a cumulative basis (excluding tax distributions and after deduction for any applicable transaction expenses). 

  
 -4- 

 (d) Notwithstanding the foregoing, no portion of the Option shall vest and become exercisable as
to any additional Units (which portion has not otherwise vested and become exercisable in accordance with Sections 3.1(a) or (c) above) following the termination of employment of the Optionee with the Company and its Subsidiaries for any
reason, and the portion of the Option that is unvested and unexercisable as of the Optionee’s termination of employment with the Company and its Subsidiaries shall immediately expire upon such termination without consideration. 

 

	Section 3.2.	Expiration of Option 

 The Optionee may not exercise the exercisable portion of the Option to any
extent and the unexercised portion of the Option shall terminate without consideration, upon the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) the first anniversary of the date of the Optionee’s termination of employment with the Company and its Subsidiaries, if such
employment is terminated by reason of death or Disability; or 
 (c) one hundred eighty (180) days after the date of an Optionee’s
termination of employment by the Company or any of its Subsidiaries without Cause (for any reason other than as set forth in Section 3.2(b)) or by the Optionee for Good Reason; or 

(d) immediately upon the date of the Optionee’s termination of employment by the Company or its Subsidiaries or Affiliates for Cause; or

 (e) ninety (90) days after termination of employment with the Company and its Subsidiaries by the Optionee without Good Reason; or

 (f) if the Committee so determines pursuant to Section 8 of the Plan. 

ARTICLE IV 

EXERCISE OF OPTION 
  

	Section 4.1.	Person Eligible to Exercise 

 Except as expressly provided for herein or in the Management
Equityholder’s Agreement, during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the Disability or death of the Optionee, any vested and exercisable portion of the Option may, prior to the
time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee’s legatees, personal representatives, or distributees. 
  

	Section 4.2.	Partial Exercise 

 Any exercisable portion of the Option or the entire Option, if then wholly
exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof 

  
 -5- 

 
becomes unexercisable under Section 3.2; provided however, that any partial exercise shall be for whole Units only. 
  

	Section 4.3.	Manner of Exercise 

 The Option, or any portion thereof, which is vested and exercisable, may be
exercised solely by delivering to the Secretary of the Company all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or any other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 
 (b) full
payment (in cash, by check, in Units (any such Units valued at Fair Market Value on the date of exercise), provided that Units may not be used for payment without the express consent of the Committee if such payment would result in adverse
accounting consequences to the Company, through the withholding of Units (any such Units valued at Fair Market Value on the date of exercise) otherwise issuable upon the exercise of the Unit Option in a manner that is compliant with applicable law,
or a combination of the foregoing methods; provided, that the Optionee will pay any taxes due in respect of such exercise in cash) for the Units with respect to which the Option or portion thereof is exercised; 

(c) execution, to the extent not previously executed, of the Management Equityholder’s Agreement, pursuant to which agreement the
Optionee shall also become subject to the LLC Agreement and such other documents and instruments as may be required by the Committee under the Plan; 

(d) full payment to the Company of all amounts which, under federal, state or local law, it (or an Affiliate) is required to withhold upon
exercise of the Option, except as otherwise agreed to by the Company under the Plan; 
 (e) in the event the Option or portion thereof shall
be exercised pursuant to Section 4.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the option; and 

(f) if so requested by the Committee, an irrevocable voting proxy and power of attorney in favor of a designated member of the Board. 

Without limiting the generality of the foregoing, the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer
of Units acquired on exercise of the Option does not violate the Securities Act of 1933, as amended, and may issue stop-transfer orders covering such Units. 

  
 -6- 

	Section 4.4.	Conditions to Issuance of Units 

 The Company shall not be required to record the ownership by the
Optionee of Units purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: 

(a) the obtaining of approval or other clearance from any federal, state, local or non-U.S. governmental agency which the Committee shall, in
its reasonable and good faith discretion, determine to be necessary or advisable; 
 (b) the lapse of such reasonable period of time
following the exercise of the Option as the Committee may from time to time establish for reasons of administrative convenience or as may otherwise be required by applicable law; and 

(c) the execution and delivery of the Management Equityholder’s Agreement. 

 

	Section 4.5.	Rights as Unitholder, Member 

 The Optionee shall not be, and shall not have any of the rights or
privileges of, Unitholders or Members of the Company in respect of any Units purchasable upon exercise of the Option or any portion thereof unless and until a book entry representing such Units has been made on the books and records of the Company
and the Optionee has been admitted as a Member pursuant to the terms of the LLC Agreement; provided, however, that the Optionee shall be deemed to be admitted as a Member, retroactive to the date of exercise, once the criteria contained in
Sections 4.3 and 4.4 hereof have been satisfied. 
  

	Section 4.6.	Initial Public Offering 

 In the event of an IPO, the Committee in its sole discretion and without
liability to, or the consent or approval of, any Person may provide that all outstanding Options, whether vested or unvested, be converted into options exercisable into or awards based upon, as the case may be, the securities being offered to the
public in such IPO. 
 ARTICLE V 

MISCELLANEOUS 
  

	Section 5.1.	Notices 

 Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth in the Company’s books and records. By a notice given pursuant to this Section 5.1,
either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal
representative if such representative has previously informed the Company of the representative’s status and address by written notice under 

  
 -7- 

 
this Section 5.1. Any notice shall have been deemed duly given as set forth in Section 10.4 of the LLC Agreement. 

 

	Section 5.2.	Survival of Terms; Conflicts 

 The Option and the Units issued to the Optionee upon exercise of
the Option shall be subject to all of the terms and provisions of the Plan and the LLC Agreement, to the extent applicable to the Option and such Units. In the event of any conflict between this Agreement or the Plan and the LLC Agreement, the terms
of the Plan and LLC Agreement, respectively, shall control. The provisions of the Agreement shall survive the termination of the Agreement to the extent consistent with, or necessary to carry out, the purposes thereof. In the event of any conflict
between this Agreement and the Management Equityholder’s Agreement, the Management Equityholder’s Agreement shall control. 
  

	Section 5.3.	Amendment 

 Subject to Section 10 of the Plan, this Agreement may be amended only by a
writing executed by the parties hereto, which specifically states that it is amending this Agreement. 
  

	Section 5.4.	Governing Law 

 This Agreement shall be governed in all respects by the laws of the State of
Delaware, without giving effect to the principal of conflict of laws. 
  

	Section 5.5.	Section Headings; Construction 

 The section headings contained herein are for the purpose of
convenience only and are not intended to define or limit the contents of the sections. All words used in this Agreement shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 
  

	Section 5.6.	Severability; Entire Agreement 

 In the event any provision of the Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect the remaining provisions of the Agreement and such illegal, invalid or unenforceable provision
shall be deemed modified as it such provision had not been included. 
  

	Section 5.7.	No Right of Employment or Service 

 Nothing contained herein shall confer on the Optionee any right to be
continued in the employ or service of the Company and/or any Affiliate, constitute any contract or agreement of employment or other service or affect an employee’s status as an at-will employee, nor shall anything contained herein affect any
rights which the Company and/or an Affiliate may have to change an Optionee’s compensation or other benefits or terminate such person’s employment or association with the 

  
 -8- 

 
Company and/or its Affiliate for any reason (with or without Cause, with or without compensation) at any time. 
  

	Section 5.8.	Counterparts 

 This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [See Master Signature Page for
counterpart signature] 

  
 -9- 

 DESERT NEWCO, LLC 

FORM OF UNIT OPTION AGREEMENT 

(Time & Performance Vesting) 

THIS UNIT OPTION AGREEMENT (this “Agreement”), dated as of [Date] (the “Grant Date”) is made by and
between Desert Newco, LLC, a Delaware limited liability company (hereinafter referred to as the “Company”), and the individual (the “Optionee”) whose name is set forth on the Master Signature Page hereof, who is a
Participant. Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Desert Newco, LLC 2011 Unit Incentive Plan, as amended, modified or supplemented from time to time (the “Plan”). 

WHEREAS, as an incentive for the Optionee’s efforts in connection with his or her employment by, or performance of other services
for, the Company (or its Affiliates, as applicable), the Company wishes to afford the Optionee the opportunity to purchase a number of Units (which Units shall entitle the Optionee to any and all rights and benefits to which the holder of such Units
may be provided under the LLC Agreement (as defined below) and the Delaware Limited Liability Company Act), subject to the terms and conditions set forth herein and in the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this
Agreement, pursuant to which the Committee, appointed to administer the Plan, has instructed the undersigned officers to issue this Option. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto do hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Whenever the following terms are
used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. 
  

	Section 1.1.	Cause 

 “Cause” shall mean the definition of “Cause” as defined under
applicable laws, in the Employment Agreement or, in the absence of any Employment Agreement or absent a definition of “Cause” in that Employment Agreement or applicable laws, the Optionee’s: (i) willfully engaging in illegal
conduct or gross misconduct which is materially injurious to the Company or any of its Subsidiaries; (ii) conviction of, or entry of a plea of nolo contendere or guilty to, a felony or a crime of moral turpitude; (iii) engaging in fraud,
misappropriation, embezzlement or any other act or acts of dishonesty resulting or intended to result directly or indirectly in a gain or personal enrichment to the Optionee at the expense of the Company or any of its Subsidiaries; (iv) willful
material breach of 

 
any written policies of the Company or any of its Subsidiaries (which policy or policies previously was provided to Optionee); or (v) willful and continual failure to substantially perform
his or her duties with the Company or any of its Subsidiaries (other than a failure resulting from his or her incapacity due to physical or mental illness), which failure has continued for a period of at least 30 days after a written demand for
substantial performance is delivered to Optionee by the Company or one of its Subsidiaries which specifically identifies the manner in which the Company believes that Optionee has not substantially performed Optionee’s duties. 

 

	Section 1.2.	Determination Date 

 “Determination Date” means, with respect to a given Fiscal
Year, the date on which the Board or a designated committee thereof approves or confirms the financial statements of the Company for the relevant Fiscal Year following the end thereof. 

 

	Section 1.3.	Employment Agreement 

 “Employment Agreement” means the employment agreement, if
any, specifying the terms of the Optionee’s employment by the Company or any of its Subsidiaries. 
  

	Section 1.4.	Fiscal Year 

 “Fiscal Year” shall mean any fiscal year of the Company as set
forth on https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx. 
  

	Section 1.5.	GD Equity Interests 

 “GD Equity Interests” shall mean the equity interests in
the Company acquired in connection with the Transaction. 
  

	Section 1.6.	Good Reason 

 “Good Reason” shall mean the definition of “Good Reason”
as defined in the Employment Agreement or, in the absence of any Employment Agreement or absent a definition of “Good Reason” in that Employment Agreement: (i) a significant reduction of Optionee’s duties, position, or
responsibilities, relative to Optionee’s duties, position, or responsibilities in effect immediately prior to a Change in Control; (ii) a material reduction in the kind or level of retirement and welfare employee benefits to which Optionee
is entitled immediately prior to the Change in Control; (iii) a reduction in Optionee’s base salary or annual cash incentive opportunity as in effect immediately prior to the Change in Control; or (iv) the relocation of
Optionee’s place of employment to a facility or location more than thirty-five (35) miles from Optionee’s current place of employment. 
  

	Section 1.7.	Grant Date 

 “Grant Date” shall mean the definition of “Grant Date” as
defined in the preamble hereof. 

  
 -2- 

	Section 1.8.	IPO 

 “IPO” shall have the same meaning as the term “IPO” is defined in
the LLC Agreement. 
  

	Section 1.9.	Management Equityholder’s Agreement 

 “Management Equityholder’s
Agreement” shall mean that certain Management Equity and Unitholder’s Agreement dated as of the date of this Agreement between the Optionee and the Company. 
  

	Section 1.10.	Option 

 “Option” means the option to purchase the Units granted to the Optionee
under Section 2.1 of this Agreement. 
  

	Section 1.11.	LLC Agreement 

 “LLC Agreement” means the Limited Liability Company Agreement of
Desert Newco, LLC, dated effective as of December 16, 2011, as the same may be amended from time to time. 
  

	Section 1.12.	Sponsors 

 “Sponsors” shall have the same meaning as the term
“Sponsors” is defined in the LLC Agreement. 
 ARTICLE II 

GRANT OF OPTIONS 
  

	Section 2.1.	Grant of Options; Exercise Price 

 For good and valuable consideration, upon the terms and
conditions set forth herein and in the Plan, on and as of the Grant Date, the Company grants to the Optionee an option to purchase any part or all of an aggregate of the number and Units set forth on the Schedule to the Master Signature Page
hereof, at the exercise price set forth on such Schedule to the Master Signature Page hereof (which, subject to any adjustment as contemplated herein, is the Fair Market Value per Unit on the Grant Date), without commission or other charge.

 ARTICLE III 

PERIOD OF EXERCISABILITY 
  

	Section 3.1.	Vesting and Commencement of Exercisability 

 (a) So long as the Optionee continues
to be employed by the Company or any of its Subsidiaries through the relevant vesting date, the Option shall vest and become exercisable as follows: 

  
 -3- 

	 	(i)	Performance Option. 

 (A) Forty percent (40%) of the Units subject
to Option shall be eligible to vest and become exercisable based on the Company’s performance as specified in this paragraph (the “Performance Options”). In the event that the Company achieves the revenue and adjusted cash flow
targets as set forth in https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx (the “Annual Performance Target”) for a given Fiscal Year (or portion thereof) as reasonably determined in good faith by the
Committee, the percentage of the Performance Options set forth next to such Fiscal Year (or portion thereof) in the table below shall vest and become exercisable as of the applicable Determination Date. The Fiscal Years on which the vesting of the
Performance Options are based will be determined by the Committee and will be as indicated on the Employee’s Master Signature Page. 
  

			
	 Applicable Performance Period
	  	 Percentage of Units Subject to Performance

Options Eligible to Vest and Become Exercisable

	 End of Fiscal Year 1
	  	20%
	 End of Fiscal Year 2
	  	20%
	 End of Fiscal Year 3
	  	20%
	 End of Fiscal Year 4
	  	20%
	 End of Fiscal Year 5
	  	20%

 (B) Notwithstanding the foregoing, in the event that either or both component(s) of the Annual
Performance Target is not achieved in a particular Fiscal Year (a “Missed Year”), then that portion of the Performance Option that was eligible to vest and become exercisable but failed to so vest and become exercisable due to the
Company’s failure to achieve either or both component(s) of the Annual Performance Target for such Missed Year shall be eligible to vest and become exercisable at the end of the Fiscal Year immediately following the Missed Year (the
“Subsequent Year”) as provided in this paragraph, but only if the Optionee continues to be employed by the Company or any of its Subsidiaries as of the end of the Subsequent Year. In the event that, in the Subsequent Year, the
Company exceeds the target for either or both of the component(s) of the Annual Performance Target for such Subsequent Year, then the amount of such excess may be added to the amount achieved with respect to the applicable component of the Annual
Performance Target in the Missed Year. If, after giving effect to the addition(s) contemplated by the immediately preceding sentence, both components of the Annual Performance Target are satisfied for the Missed Year, the Performance Options
eligible to have vested and become exercisable in the Missed Year shall vest and become exercisable as of the end of the Subsequent Year. To the extent that any Performance Options which did not initially vest at

  
 -4- 

 
the end of the Missed Year do not vest at the end of the Subsequent Year, such Performance Options shall expire as of the end of such Subsequent Year without consideration. 

 

	 	(ii)	Time Option. 

 (A) Sixty percent (60%) of the Units subject to
Option shall vest and become exercisable based on time (the “Time Options”), such that the Time Option shall vest and become exercisable pursuant to the following schedule: 

 

			
	 Date Time Option Vests and Becomes Exercisable
	  	 Percentage of Units Subject to Time Options

Eligible to Vest and Become Exercisable

	Upon the first anniversary of the Grant Date	  	20%
	Upon the second anniversary of the Grant Date	  	20%
	Upon the third anniversary of the Grant Date	  	20%
	Upon the fourth anniversary of the Grant Date	  	20%
	Upon the fifth anniversary of the Grant Date	  	20%

 (B) Notwithstanding Section 3.1(a)(ii)(A) above, to the extent that Time Options do not
accelerate upon a Change in Control pursuant to Section 3.1(c) and remain outstanding following a Change in Control, in the event that the Optionee’s employment is terminated by the Company (or its successor) without Cause or by the
Optionee for Good Reason within 90 days before, or on 18 months after a Change in Control, any then unvested Time Options will become immediately vested and exercisable. 

(b) As a condition of receiving any Options, the Optionee hereby waives any and all rights the Optionee currently has to become vested in any
unvested equity awards of the Company or its Affiliates upon any termination of employment pursuant to any agreement or arrangement entered into prior to the date hereof. 

(c) Effect of Change in Control. Notwithstanding any provision of Section 3.1(a) above, upon the earlier occurrence of a
Change in Control, so long as the Optionee remains employed with the Company or its Subsidiaries through the date of such Change in Control, then any unvested portion of the Time Option and the Performance Option shall become immediately vested and
exercisable as to 100% of the Units subject to such Unit Option immediately prior to the Change in Control if, as a result of such Change in Control, (x) the Sponsors achieve an internal rate of return (determined on a fully diluted basis,
assuming inclusion of all Units underlying all then outstanding Awards and any other outstanding options, warrants or other rights to acquires Units) of at least 25% or (y) the Sponsors earn at least 3.0 times the purchase price of the GD
Equity Interests acquired, directly or indirectly, by the Sponsors (subject to adjustment by the Committee to the extent any 

  
 -5- 

 
adjustment to the Options occurs pursuant to Section 8 of the Plan), in each case of clause (x) and (y), based on cash received by the Sponsors on a cumulative basis
(excluding tax distributions and after deduction for any applicable transaction expenses). 
 (d) Notwithstanding the foregoing, no
portion of the Option shall vest and become exercisable as to any additional Units (which portion has not otherwise vested and become exercisable in accordance with Sections 3.1(a) or (c) above) following the termination of employment of
the Optionee with the Company and its Subsidiaries for any reason (other than provided for in Section 3.1(a)(ii)(B) above), and the portion of the Option that is unvested and unexercisable as of the Optionee’s termination of employment
with the Company and its Subsidiaries shall immediately expire upon such termination without consideration. 
  

	Section 3.2.	Expiration of Option 

 The Optionee may not exercise the exercisable portion of the Option to any
extent and the unexercised portion of the Option shall terminate without consideration, upon the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) the first anniversary of the date of the Optionee’s termination of employment with the Company and its Subsidiaries, if such
employment is terminated by reason of death or Disability; or 
 (c) one hundred eighty (180) days after the date of an Optionee’s
termination of employment by the Company or any of its Subsidiaries without Cause (for any reason other than as set forth in Section 3.2(b)) or by the Optionee for Good Reason; or 

(d) immediately upon the date of the Optionee’s termination of employment by the Company or its Subsidiaries or Affiliates for Cause; or

 (e) ninety (90) days after termination of employment with the Company and its Subsidiaries by the Optionee without Good Reason; or

 (f) if the Committee so determines pursuant to Section 8 of the Plan. 

ARTICLE IV 

EXERCISE OF OPTION 
  

	Section 4.1.	Person Eligible to Exercise 

 Except as expressly provided for herein or in the Management
Equityholder’s Agreement, during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the Disability or death of the Optionee, any vested and exercisable portion of the Option may, prior to the
time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee’s legatees, personal representatives, or distributees. 

  
 -6- 

	Section 4.2.	Partial Exercise 

 Any exercisable portion of the Option or the entire Option, if then wholly
exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.2; provided however, that any partial exercise shall be for whole Units only. 

 

	Section 4.3.	Manner of Exercise 

 The Option, or any portion thereof, which is vested and exercisable, may be
exercised solely by delivering to the Secretary of the Company all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or any other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 
 (b) full
payment (in cash, by check, in Units (any such Units valued at Fair Market Value on the date of exercise), provided that Units may not be used for payment without the express consent of the Committee if such payment would result in adverse
accounting consequences to the Company, through the withholding of Units (any such Units valued at Fair Market Value on the date of exercise) otherwise issuable upon the exercise of the Unit Option in a manner that is compliant with applicable law,
or a combination of the foregoing methods; provided, that the Optionee will pay any taxes due in respect of such exercise in cash) for the Units with respect to which the Option or portion thereof is exercised; 

(c) execution, to the extent not previously executed, of the Management Equityholder’s Agreement, pursuant to which agreement the
Optionee shall also become subject to the LLC Agreement and such other documents and instruments as may be required by the Committee under the Plan; 

(d) full payment to the Company of all amounts which, under federal, state or local law, it (or an Affiliate) is required to withhold upon
exercise of the Option, except as otherwise agreed to by the Company under the Plan; 
 (e) in the event the Option or portion thereof shall
be exercised pursuant to Section 4.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the option; and 

(f) if so requested by the Committee, an irrevocable voting proxy and power of attorney in favor of a designated member of the Board. 

Without limiting the generality of the foregoing, the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer
of Units acquired on exercise of the Option 

  
 -7- 

 
does not violate the Securities Act of 1933, as amended, and may issue stop-transfer orders covering such Units. 
  

	Section 4.4.	Conditions to Issuance of Units 

 The Company shall not be required to record the ownership by the
Optionee of Units purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: 

(a) the obtaining of approval or other clearance from any federal, state, local or non-U.S. governmental agency which the Committee shall, in
its reasonable and good faith discretion, determine to be necessary or advisable; 
 (b) the lapse of such reasonable period of time
following the exercise of the Option as the Committee may from time to time establish for reasons of administrative convenience or as may otherwise be required by applicable law; and 

(c) the execution and delivery of the Management Equityholder’s Agreement. 

 

	Section 4.5.	Rights as Unitholder, Member 

 The Optionee shall not be, and shall not have any of the rights or
privileges of, Unitholders or Members of the Company in respect of any Units purchasable upon exercise of the Option or any portion thereof unless and until a book entry representing such Units has been made on the books and records of the Company
and the Optionee has been admitted as a Member pursuant to the terms of the LLC Agreement; provided, however, that the Optionee shall be deemed to be admitted as a Member, retroactive to the date of exercise, once the criteria contained in
Sections 4.3 and 4.4 hereof have been satisfied. 
  

	Section 4.6.	Initial Public Offering 

 In the event of an IPO, the Committee in its sole discretion and without
liability to, or the consent or approval of, any Person may provide that all outstanding Options, whether vested or unvested, be converted into options exercisable into or awards based upon, as the case may be, the securities being offered to the
public in such IPO. 
  

	Section 4.7.	Tax Acknowledgments 

 (a) At the time the Options are exercised, in whole or in
part, or at any time thereafter as requested by the Company, the Optionee hereby authorizes withholding from payroll or any other payment of any kind due to Optionee and otherwise agrees to make adequate provision for foreign, federal, state and
local taxes, social insurances required by law to be withheld, if any, which arise in connection with the grant, vesting or exercise of the Options or subsequent sale of the Units (the “Tax Obligations”). The Company may require the
Optionee to make a cash payment to cover any of the Tax Obligations as a condition of exercise of the Options or issuance Units. The Company shall 

  
 -8- 

 
have no obligation to deliver Units until the Tax Obligations have been satisfied by the Optionee. The Optionee acknowledges and agrees that the ultimate liability for all Tax Obligations legally
due by the Optionee is and remains the Optionee’s responsibility and that the Company (i) makes no representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the Option and
(ii) does not commit to structure the terms of the grant or any other aspect of the Option to reduce or eliminate the Optionee’s liability for Tax Obligations. 

(b) The Committee may, in its sole discretion, permit the Optionee to satisfy, in whole or in part, Tax Obligations either by electing to have
the Company withhold from the Units to be issued upon exercise that number of Units, or by electing to deliver to the Company already-owned Units, in either case having a Fair Market Value not in excess of the amount necessary to satisfy the
statutory minimum withholding amount due. 
 ARTICLE V 

MISCELLANEOUS 
  

	Section 5.1.	Notices 

 Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth in the Company’s books and records. By a notice given pursuant to this Section 5.1,
either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal
representative if such representative has previously informed the Company of the representative’s status and address by written notice under this Section 5.1. Any notice shall have been deemed duly given as set forth in Section 10.4
of the LLC Agreement. 
  

	Section 5.2.	Survival of Terms; Conflicts 

 The Option and the Units issued to the Optionee upon exercise of
the Option shall be subject to all of the terms and provisions of the Plan and the LLC Agreement, to the extent applicable to the Option and such Units. In the event of any conflict between this Agreement or the Plan and the LLC Agreement, the terms
of the Plan and LLC Agreement, respectively, shall control. The provisions of the Agreement shall survive the termination of the Agreement to the extent consistent with, or necessary to carry out, the purposes thereof. In the event of any conflict
between this Agreement and the Management Equityholder’s Agreement, the Management Equityholder’s Agreement shall control. 
  

	Section 5.3.	Amendment 

 Subject to Section 10 of the Plan, this Agreement may be amended only by a
writing executed by all the parties hereto, which specifically states that it is amending this Agreement. 

  
 -9- 

	Section 5.4.	Governing Law 

 This Agreement shall be governed in all respects by the laws of the State of
Delaware, without giving effect to the principal of conflict of laws. 
  

	Section 5.5.	Section Headings; Construction 

 The section headings contained herein are for the purpose of
convenience only and are not intended to define or limit the contents of the sections. All words used in this Agreement shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 
  

	Section 5.6.	Severability; Entire Agreement 

 In the event any provision of the Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect the remaining provisions of the Agreement and such illegal, invalid or unenforceable provision
shall be deemed modified as it such provision had not been included. 
  

	Section 5.7.	No Right of Employment or Service 

 Nothing contained herein shall confer on the Optionee any
right to be continued in the employ or service of the Company and/or any Affiliate, constitute any contract or agreement of employment or other service or as a contractual right to continue in the employ of, or in a service relationship with, the
Company or any of its Affiliates for any period of time, or affect an employee’s status as an employee, nor shall anything contained herein affect any rights which the Company and/or an Affiliate may have to change an Optionee’s
compensation or other benefits or terminate such person’s employment or association with the Company and/or its Affiliate whether or not such act results in the failure of any of the Options to become exercisable or any other adverse effect on
the Optionee’s interests under the Plan, subject to applicable laws. 
  

	Section 5.8.	Service Acknowledgments 

 The Optionee hereby acknowledges and agrees as a precondition to
accepting the Option that: (i) the grant of the Option is a voluntary one-time benefit which does not create any contractual or other right to receive future grants of options, or compensation in lieu of options, even if options have been
granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when options shall be granted or shall become exercisable, the maximum number of Units subject to each
option, and the exercise price, will be at the sole discretion of the Committee; (iii) the value of the Option is an extraordinary item of compensation based on a commercial arrangement and is outside the scope of the Optionee’s employment
contract, if any; (iv) the value of the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end-of-service payments or
similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of the Option ceases upon termination of employment with the 

  
 -10- 

 
Company (or its Affiliate, as applicable) or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Units do
not increase in value, this Option will have no value, nor does the Company guarantee any future value; (vii) the Units may at any time decrease in value; (viii) no claim or entitlement to compensation or damages arises if the Units do not
increase in value and the Optionee irrevocably releases the Company and its Affiliates from any such claim that does arise; (ix) any notice period mandated under applicable law shall not be treated as service for the purpose of determining the
vesting of the Option and the Optionee’s right to vesting of Units in settlement of the Option after termination of service, if any, will be measured by the date of termination of the Optionee’s active service and will not be extended by
any notice period mandated under applicable laws; (x) subject to the foregoing and the provisions of the Plan, the Company, in its sole discretion, shall determine whether the Optionee’s service has terminated and the effective date of
such termination; (xi) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this
Agreement; and (xii) the Optionee is voluntarily participating in the Plan. 
  

	Section 5.9.	Data Privacy Consent 

 The Optionee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of the Optionee’s personal data as described in this document by the Company for the exclusive purpose of implementing, administering and managing the Optionee’s participation in
the Plan. The Optionee acknowledges and agrees that the Company holds certain personal information about the Optionee, including, but not limited to, the Optionee’s name, home address and telephone number, date of birth, social insurance number
or other identification number, salary, nationality, job title, any Units or directorships held in the Company, details of all Options or any other entitlement to Units awarded, canceled, exercised, vested, unvested or outstanding in the
Optionee’s favor, for the purpose of implementing, administering and managing the Plan (“Data”). The Optionee understands that Data may be transferred to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in the Optionee’s country or elsewhere, and that the recipient’s country may have different including less stringent data privacy laws and protections than the Optionee’s
country. The Optionee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the Optionee’s local human resources representative. The Optionee authorizes the recipients
to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Optionee’s participation in the Plan, including any requisite transfer of such Data as may be
required to a broker or other third party with whom the Optionee may elect to deposit any Units acquired pursuant to the Option. The Optionee understands that Data will be held only as long as is necessary to implement, administer and manage the
Optionee’s participation in the Plan. The Optionee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw
the consents herein, in any case without cost, by contacting in writing the Optionee’s local human resources representative. The Optionee understands, however, that refusing or withdrawing the Optionee’s consent may affect the
Optionee’s ability to participate in the Plan. For more information on the consequences of the 

  
 -11- 

 
Optionee’s refusal to consent or withdrawal of consent, the Optionee understands that he or she may contact the Optionee’s local human resources representative. 

 

	Section 5.10.	Foreign Exchange/Exchange Control 

 The Optionee acknowledges and agrees that the Optionee may be
responsible for reporting inbound and/or outbound transactions or fund transfers that exceed a certain amount. The Optionee is advised to seek appropriate professional advice as to how the exchange control and foreign exchange regulations apply to
the Options and the Optionee’s specific situation and understands that the relevant laws and regulations can change frequently and occasionally on a retroactive basis. 
  

	Section 5.11.	Home Country Tax Obligations 

 The Optionee acknowledges and agrees that the Optionee may be
responsible for declaring income and paying respective taxes in the Optionee’s country of residence / country where the Optionee is working, in connection with the Optionee’s participation in the Plan. The Optionee is advised to seek
appropriate professional advice as to how the taxation regulations apply to the Options and the Optionee’s specific situation and understands that the relevant laws and regulations can change frequently and occasionally on a retroactive basis.

  

	Section 5.12.	Translation 

 To the extent that the Optionee has been provided with a translation of this
Agreement, the English language version of this Agreement shall prevail in case of any discrepancies or ambiguities due to translation or inconsistencies or conflicts between different language versions of this Agreement. 

 

	Section 5.13.	Counterparts 

 This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

	Section 5.14.	Country-Specific Terms and Conditions 

 Notwithstanding any other provision of this Agreement to
the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the Appendix to this Agreement which are applicable to the Optionee’s country of residence, the provisions of which are incorporated in and
constitute part of this Agreement. Moreover, if the Optionee relocates to one of the countries included in the Appendix, the specific terms and conditions applicable to such country will apply to the Option to the extent the Company determines that
the application of such terms and conditions is necessary or advisable in order to comply with applicable law or facilitate the administration of the Plan or this Agreement. 

[See Master Signature Page for counterpart signature] 

  
 -12- 

 APPENDIX 

ADDITIONAL TERMS AND CONDITIONS OF 

DESERT NEWCO LLC 2011 UNIT INCENTIVE PLAN 

FORM OF UNIT OPTION AGREEMENT 

FOR NON-US OPTIONEES 
 This Appendix
includes additional terms and conditions that govern the Option granted to the Optionee under the Plan if the Optionee resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth
in the Plan and/or the Agreement. 
 The Optionee understands and agrees that the Company strongly recommends that the Optionee not rely on the information
herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the
Option vests or are exercised or the Units are issued under the Plan. 
 The Optionee further understands and agrees that if the Optionee is a citizen or
resident of a country other than the one in which the Optionee is currently working, transfers employment after grant of the Optionee, or is considered a resident of another country for local law purposes, the information contained herein may not
apply to the Optionee, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply. 

BRAZIL 
 Compliance Notice 

By accepting the Option, the Optionee agrees to comply with all applicable Brazilian laws and satisfy all applicable tax and social insurances associated with
the vesting and exercise of the Option and the sale of the Units obtained pursuant to the exercise of the Option. That Optionee agrees that, for all legal purposes:, (i) the benefits provided under the Plan are the result of commercial
transactions unrelated to the Optionee’s employment; (ii) the Plan is not a part of the terms and conditions of the Optionee employment; and (iii) the income from the Option, if any, is not part of the Optionee’s remuneration
from employment. 
 Report of Overseas Unit Holdings 

Employees holding Units abroad from unit options are required to report such holdings (and subsequent sale) as assets to the tax authorities on their annual
income statement. 
 The Optionee understands and agrees that the Optionee must report Units acquired under the Plan and held abroad or sold to the Central
Bank of Brazil on an annual basis in the Declaration of 

 
Brazilian Assets Held Abroad if the amount of total assets an employee holds abroad, including Units, exceeds the limit set forth by the Central Bank each year. 

Language Confirmation 
 I, hereby state that I have fluency in
English, being able to read and fully understand the content of the documents, Desert Newco LLC 2011 Unit Incentive Plan and Form of Unit Option Agreement, whose copy I was supplied with, and it is written in English. 

Thus, I confirm that I read, understood, have no doubts and agree with the terms and clauses of the Desert Newco LLC 2011 Unit Incentive Plan and Form of
Unit Option Agreement. 
 Eu, declaro ter fluência no idioma Inglês, tendo condições de ler e compreender integralmente o
teor do documento Desert Newco LLC 2011 Unit Incentive Plan and Form of Unit Option Agreement, cuja cópia me foi fornecida, e que se encontra escrita no idioma Inglês. 

Assim, confirmo que li, compreendi, não tenho dúvidas e que estou de acordo com os termos e cláusulas do Desert Newco LLC 2011 Unit
Incentive Plan and Form of Unit Option Agreement. 
 CANADA 

Exercise of Option 
 Notwithstanding Section 4 of this
Agreement, the Optionee shall not be permitted to exercise the Option through tender of Units. 
 Settlement of Option 

Notwithstanding any discretion or anything to the contrary in the Plan, the grant of the Option does not provide any right for Optionee to receive a cash
payment and the Option will be settled in Units only. 
 Language Consent 

The parties acknowledge that it is their express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or
instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Les parties reconnaissent avoir exigé la redaction
en anglais de cette convention (“Agreement”), ainsi que de tous documents exécutés, avis donnés et procedures judiciaries intentées, directement ou indirectement, relativement à la présente
convention. 

  
 -2- 

 CZECH REPUBLIC 

Securities Disclaimer 
 The grant of the Option is exempt from
the requirement to publish a prospectus under the EU Prospectus Directive as implemented in the Czech Republic. 
 Exchange Control 

The Optionee may have a reporting requirement if the Czech National Bank, at its discretion, requests information in connection with inbound or outbound fund
flows in connection with the Option. 
 INDIA 

Exchange Control Information 
 The Optionee must repatriate all
proceeds received from the sale of Units to India within a reasonable time following the sale (typically within 90 days). The Optionee must maintain the foreign inward remittance certificate received from the bank where the foreign currency is
deposited in the event that the Reserve Bank of India or the Company requests proof of repatriation. It is the Optionee’s responsibility to comply with applicable exchange control laws in India. 

MEXICO 
 Employment and Labor Law
Acknowledgments 
 Through this agreement the Optionee acknowledges that as a [Mexican entity’s] employee he/she is entitled to participate in the
Company’s Unit Option, therefore the Optionee has the entire right to exercise it or not. 
 The Optionee accepts and acknowledges that his/her sole
and exclusive Employer is [Mexican entity], therefore, any and all provisions in this agreement establishing or making reference to the employer, employment, employment agreement or employment relationship, means and refers exclusively to the
[Mexican entity], as his/her employer. 
 The Optionee acknowledges that in no case should the Company be considered his/her Employer and that no employment
relationship exist between the Optionee and the Company, therefore Optionee declares that he/she has never been controlled by the Company, received any salary or benefit from the Company, nor performed any activity or service to the Company or under
its instructions. 

  
 -3- 

 NETHERLANDS 

Notification for Dutch Employees 
 The Optionee should be aware
of the Dutch insider trading rules, which may affect the sale of Units acquired under the Plan. In particular, the Optionee may be prohibited from effecting certain Unit transactions if the Optionee has insider information regarding the Company.
Below is a discussion of the applicable restrictions. The Optionee is advised to read the discussion carefully to determine whether the insider rules could apply to the Optionee. If it is uncertain whether the insider rules apply, the Company
recommends that the Optionee consult with a legal advisor. The Company cannot be held liable if the Optionee violates the Dutch insider trading rules. The Optionee is responsible for ensuring your compliance with these rules. 

Prohibition Against Insider Trading 
 Dutch securities
laws prohibit insider trading. The regulations are based upon the European Market Abuse Directive and are stated in section 5:56 of the Dutch Financial Supervision Act (Wet op het financieel toezicht or Wft) and in section 2 of the Market
Abuse Decree (Besluit marktmisbruik Wft). For further information you are referred to the website of the Authority for the Financial Markets (AFM); http://www.afm.nl/~/media/Files/brochures/2012/insider-dealing.ashx. 

Given the broad scope of the definition of inside information, certain employees of the Company working at its Dutch Affiliate may have inside information and
thus are prohibited from making a transaction in securities in the Netherlands at a time when they have such inside information. By entering into this Agreement and participating in the Plan, the Optionee acknowledges having read and understood the
notification above and acknowledges that it is the Optionee’s responsibility to comply with the Dutch insider trading rules, as discussed herein. 

Taxation 
 The difference between the exercise price for which
Units can be acquired and the fair market value of the Units at the time of exercise is treated as income out of employment for employees working in the Netherlands as stipulated in section 10a of the Dutch Wage Tax Act 1964. The Dutch employing
company of these employees is entitled to withhold wage tax and social security premiums as described in section 4.7. of the Form of Unit Option Agreement. Any income out of exercise of the options will be reported to the Dutch Tax Authorities by
the Dutch employing Company under mandatory law. 
 SINGAPORE 

Securities Law Information 
 The Option is granted in reliance on
section 273(1)(f) of the Securities and Futures Act (Cap. 289) (“SFA”) for which it is exempt from the prospectus and registration requirements under the SFA. 

  
 -4- 

 Director Notification Obligation 

If an Optionee is a director, associate director or shadow director of the Company’s Subsidiary in Singapore, the Optionee is subject to certain
notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Subsidiary in Singapore in writing when the Optionee receives an interest (e.g., Options or Units) in the Company or any Subsidiary.
In addition, the Optionee must notify the Subsidiary in Singapore when he or she sells Units (including when the Optionee sells Units issued upon exercise of the Option). These notifications must be made within two days of acquiring or disposing of
any interest in the Company or any Affiliate. In addition, a notification of the Optionee’s interests in the Company or any Affiliate must be made within two days of becoming a director. 

  
 -5- 

 DESERT NEWCO, LLC 

FORM OF UNIT OPTION AGREEMENT 

(Time Vesting) 
 THIS UNIT
OPTION AGREEMENT (this “Agreement”), dated as of [Date] (the “Grant Date”) is made by and between Desert Newco, LLC, a Delaware limited liability company (hereinafter referred to as the
“Company”), and the individual (the “Optionee”) whose name is set forth on the Master Signature Page hereof, who is a Participant. Any capitalized terms used but not otherwise defined herein shall have the meaning
set forth in the Desert Newco, LLC 2011 Unit Incentive Plan, as amended, modified or supplemented from time to time (the “Plan”). 

WHEREAS, as an incentive for the Optionee’s efforts in connection with his or her employment by, or performance of other services
for, the Company (or its Affiliates, as applicable), the Company wishes to afford the Optionee the opportunity to purchase a number of Units (which Units shall entitle the Optionee to any and all rights and benefits to which the holder of such Units
may be provided under the LLC Agreement (as defined below) and the Delaware Limited Liability Company Act), subject to the terms and conditions set forth herein and in the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this
Agreement, pursuant to which the Committee, appointed to administer the Plan, has instructed the undersigned officers to issue this Option. 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which
is hereby acknowledged, the parties hereto do hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Whenever the following
terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. 
  

	Section 1.1.	Cause 

 “Cause” shall mean the definition of “Cause” as defined under
applicable laws, in the Employment Agreement or, in the absence of any Employment Agreement or absent a definition of “Cause” in that Employment Agreement or applicable laws, the Optionee’s: (i) willfully engaging in illegal
conduct or gross misconduct which is materially injurious to the Company or any of its Subsidiaries; (ii) conviction of, or entry of a plea of nolo contendere or guilty to, a felony or a crime of moral turpitude; (iii) engaging in fraud,
misappropriation, embezzlement or any other act or acts of dishonesty resulting or intended to result directly or indirectly in a gain or personal enrichment to the Optionee at the expense of the Company or any of its Subsidiaries; (iv) willful
material breach of 

 
any written policies of the Company or any of its Subsidiaries (which policy or policies previously was provided to Optionee); or (v) willful and continual failure to substantially perform
his or her duties with the Company or any of its Subsidiaries (other than a failure resulting from his or her incapacity due to physical or mental illness), which failure has continued for a period of at least 30 days after a written demand for
substantial performance is delivered to Optionee by the Company or one of its Subsidiaries which specifically identifies the manner in which the Company believes that Optionee has not substantially performed Optionee’s duties. 

 

	Section 1.2.	Determination Date 

 “Determination Date” means, with respect to a given Fiscal
Year, the date on which the Board or a designated committee thereof approves or confirms the financial statements of the Company for the relevant Fiscal Year following the end thereof. 

 

	Section 1.3.	Employment Agreement 

 “Employment Agreement” means the employment agreement, if
any, specifying the terms of the Optionee’s employment by the Company or any of its Subsidiaries. 
  

	Section 1.4.	Fiscal Year 

 “Fiscal Year” shall mean any fiscal year of the Company as
set forth on https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx. 
  

	Section 1.5.	GD Equity Interests 

 “GD Equity Interests” shall mean the equity interests in
the Company acquired in connection with the Transaction. 
  

	Section 1.6.	Good Reason 

 “Good Reason” shall mean the definition of “Good Reason”
as defined in the Employment Agreement or, in the absence of any Employment Agreement or absent a definition of “Good Reason” in that Employment Agreement: (i) a significant reduction of Optionee’s duties, position, or
responsibilities, relative to Optionee’s duties, position, or responsibilities in effect immediately prior to a Change in Control; (ii) a material reduction in the kind or level of retirement and welfare employee benefits to which Optionee
is entitled immediately prior to the Change in Control; (iii) a reduction in Optionee’s base salary or annual cash incentive opportunity as in effect immediately prior to the Change in Control; or (iv) the relocation of
Optionee’s place of employment to a facility or location more than thirty-five (35) miles from Optionee’s current place of employment. 
  

	Section 1.7.	Grant Date 

 “Grant Date” shall mean the definition of “Grant Date” as
defined in the preamble hereof. 

  
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	Section 1.8.	IPO 

 “IPO” shall have the same meaning as the term “IPO” is defined in
the LLC Agreement. 
  

	Section 1.9.	Management Equityholder’s Agreement 

 “Management Equityholder’s
Agreement” shall mean that certain Management Equity and Unitholder’s Agreement dated as of the date of this Agreement between the Optionee and the Company. 
  

	Section 1.10.	Option 

 “Option” means the option to purchase the Units granted to the Optionee
under Section 2.1 of this Agreement. 
  

	Section 1.11.	LLC Agreement 

 “LLC Agreement” means the Limited Liability Company Agreement of
Desert Newco, LLC, dated effective as of December 16, 2011, as the same may be amended from time to time. 
  

	Section 1.12.	Sponsors 

 “Sponsors” shall have the same meaning as the term
“Sponsors” is defined in the LLC Agreement. 
 ARTICLE II 

GRANT OF OPTIONS 
  

	Section 2.1.	Grant of Options; Exercise Price 

 For good and valuable consideration, upon the terms and
conditions set forth herein and in the Plan, on and as of the Grant Date, the Company grants to the Optionee an option to purchase any part or all of an aggregate of the number and Units set forth on the Schedule to the Master Signature Page
hereof, at the exercise price set forth on such Schedule to the Master Signature Page hereof (which, subject to any adjustment as contemplated herein, is the Fair Market Value per Unit on the Grant Date), without commission or other charge.

 ARTICLE III 

PERIOD OF EXERCISABILITY 
  

	Section 3.1.	Vesting and Commencement of Exercisability 

 (a) So long as the Optionee continues
to be employed by the Company or any of its Subsidiaries through the relevant vesting date, the Option shall vest and become exercisable as follows: 

  
 -3- 

	 	(i)	One hundred percent (100%) of the Units subject to Option shall vest and become exercisable based on time, such that the Option shall vest and become exercisable pursuant to the following schedule:

  

			
	 Date Option Vests and Becomes Exercisable
	  	 Percentage of Units Eligible to Vest and Become

Exercisable

	Upon the first anniversary of the Grant Date	  	20%
	Upon the second anniversary of the Grant Date	  	20%
	Upon the third anniversary of the Grant Date	  	20%
	Upon the fourth anniversary of the Grant Date	  	20%
	Upon the fifth anniversary of the Grant Date	  	20%

  

	 	(ii)	To the extent that Options do not accelerate upon a Change in Control pursuant to Section 3.1(c) and remain outstanding following a Change in Control, in the event that the Optionee’s employment is terminated
by the Company (or its successor) without Cause or by the Optionee for Good Reason within 90 days before, or on 18 months after a Change in Control, any then unvested Options will become immediately vested and exercisable. 

(b) As a condition of receiving any Options, the Optionee hereby waives any and all rights the Optionee currently has to become vested in any
unvested equity awards of the Company or its Affiliates upon any termination of employment pursuant to any agreement or arrangement entered into prior to the date hereof. 

(c) Effect of Change in Control. Notwithstanding any provision of Section 3.1(a) above, upon the earlier occurrence of a
Change in Control, so long as the Optionee remains employed with the Company or its Subsidiaries through the date of such Change in Control, then any unvested portion of the Option shall become immediately vested and exercisable as to 100% of the
Units subject to such Unit Option immediately prior to the Change in Control if, as a result of such Change in Control, (x) the Sponsors achieve an internal rate of return (determined on a fully diluted basis, assuming inclusion of all Units
underlying all then outstanding Awards and any other outstanding options, warrants or other rights to acquires Units) of at least 25% or (y) the Sponsors earn at least 3.0 times the purchase price of the GD Equity Interests acquired, directly
or indirectly, by the Sponsors (subject to adjustment by the Committee to the extent any adjustment to the Options occurs pursuant to Section 8 of the Plan), in each case of clause (x) and (y), based on cash received by the Sponsors on a
cumulative basis (excluding tax distributions and after deduction for any applicable transaction expenses). 

  
 -4- 

 (d) Notwithstanding the foregoing, no portion of the Option shall vest and become exercisable as
to any additional Units (which portion has not otherwise vested and become exercisable in accordance with Sections 3.1(a) or (c) above) following the termination of employment of the Optionee with the Company and its Subsidiaries for any
reason, and the portion of the Option that is unvested and unexercisable as of the Optionee’s termination of employment with the Company and its Subsidiaries shall immediately expire upon such termination without consideration. 

 

	Section 3.2.	Expiration of Option 

 The Optionee may not exercise the exercisable portion of the Option to any
extent and the unexercised portion of the Option shall terminate without consideration, upon the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) the first anniversary of the date of the Optionee’s termination of employment with the Company and its Subsidiaries, if such
employment is terminated by reason of death or Disability; or 
 (c) one hundred eighty (180) days after the date of an Optionee’s
termination of employment by the Company or any of its Subsidiaries without Cause (for any reason other than as set forth in Section 3.2(b)) or by the Optionee for Good Reason; or 

(d) immediately upon the date of the Optionee’s termination of employment by the Company or its Subsidiaries or Affiliates for Cause; or

 (e) ninety (90) days after termination of employment with the Company and its Subsidiaries by the Optionee without Good Reason; or

 (f) if the Committee so determines pursuant to Section 8 of the Plan. 

ARTICLE IV 

EXERCISE OF OPTION 
  

	Section 4.1.	Person Eligible to Exercise 

 Except as expressly provided for herein or in the Management
Equityholder’s Agreement, during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the Disability or death of the Optionee, any vested and exercisable portion of the Option may, prior to the
time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee’s legatees, personal representatives, or distributees. 
  

	Section 4.2.	Partial Exercise 

 Any exercisable portion of the Option or the entire Option, if then wholly
exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof 

  
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becomes unexercisable under Section 3.2; provided however, that any partial exercise shall be for whole Units only. 
  

	Section 4.3.	Manner of Exercise 

 The Option, or any portion thereof, which is vested and exercisable, may be
exercised solely by delivering to the Secretary of the Company all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or any other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 
 (b) full
payment (in cash, by check, in Units (any such Units valued at Fair Market Value on the date of exercise), provided that Units may not be used for payment without the express consent of the Committee if such payment would result in adverse
accounting consequences to the Company, through the withholding of Units (any such Units valued at Fair Market Value on the date of exercise) otherwise issuable upon the exercise of the Unit Option in a manner that is compliant with applicable law,
or a combination of the foregoing methods; provided, that the Optionee will pay any taxes due in respect of such exercise in cash) for the Units with respect to which the Option or portion thereof is exercised; 

(c) execution, to the extent not previously executed, of the Management Equityholder’s Agreement, pursuant to which agreement the
Optionee shall also become subject to the LLC Agreement and such other documents and instruments as may be required by the Committee under the Plan; 

(d) full payment to the Company of all amounts which, under federal, state or local law, it (or an Affiliate) is required to withhold upon
exercise of the Option, except as otherwise agreed to by the Company under the Plan; 
 (e) in the event the Option or portion thereof shall
be exercised pursuant to Section 4.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the option; and 

(f) if so requested by the Committee, an irrevocable voting proxy and power of attorney in favor of a designated member of the Board. 

Without limiting the generality of the foregoing, the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer
of Units acquired on exercise of the Option does not violate the Securities Act of 1933, as amended, and may issue stop-transfer orders covering such Units. 

  
 -6- 

	Section 4.4.	Conditions to Issuance of Units 

 The Company shall not be required to record the ownership by the
Optionee of Units purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: 

(a) the obtaining of approval or other clearance from any federal, state, local or non-U.S. governmental agency which the Committee shall, in
its reasonable and good faith discretion, determine to be necessary or advisable; 
 (b) the lapse of such reasonable period of time
following the exercise of the Option as the Committee may from time to time establish for reasons of administrative convenience or as may otherwise be required by applicable law; and 

(c) the execution and delivery of the Management Equityholder’s Agreement. 

 

	Section 4.5	Rights as Unitholder, Member 

 The Optionee shall not be, and shall not have any of the rights or
privileges of, Unitholders or Members of the Company in respect of any Units purchasable upon exercise of the Option or any portion thereof unless and until a book entry representing such Units has been made on the books and records of the Company
and the Optionee has been admitted as a Member pursuant to the terms of the LLC Agreement; provided, however, that the Optionee shall be deemed to be admitted as a Member, retroactive to the date of exercise, once the criteria contained in
Sections 4.3 and 4.4 hereof have been satisfied. 
  

	Section 4.6.	Initial Public Offering 

 In the event of an IPO, the Committee in its sole discretion and without
liability to, or the consent or approval of, any Person may provide that all outstanding Options, whether vested or unvested, be converted into options exercisable into or awards based upon, as the case may be, the securities being offered to the
public in such IPO. 
  

	Section 4.7.	Tax Acknowledgments 

 (a) At the time the Options are exercised, in whole or in
part, or at any time thereafter as requested by the Company, the Optionee hereby authorizes withholding from payroll or any other payment of any kind due to Optionee and otherwise agrees to make adequate provision for foreign, federal, state and
local taxes, social insurances required by law to be withheld, if any, which arise in connection with the grant, vesting or exercise of the Options or subsequent sale of the Units (the “Tax Obligations”). The Company may require the
Optionee to make a cash payment to cover any of the Tax Obligations as a condition of exercise of the Options or issuance Units. The Company shall have no obligation to deliver Units until the Tax Obligations have been satisfied by the Optionee. The
Optionee acknowledges and agrees that the ultimate liability for all Tax Obligations legally due by the Optionee is and remains the Optionee’s responsibility and that the Company (i) makes no

  
 -7- 

 
representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the Option and (ii) does not commit to structure the terms of the grant or any
other aspect of the Option to reduce or eliminate the Optionee’s liability for Tax Obligations. 
 (b) The Committee may, in its sole
discretion, permit the Optionee to satisfy, in whole or in part, Tax Obligations either by electing to have the Company withhold from the Units to be issued upon exercise that number of Units, or by electing to deliver to the Company already-owned
Units, in either case having a Fair Market Value not in excess of the amount necessary to satisfy the statutory minimum withholding amount due. 

ARTICLE V 

MISCELLANEOUS 
  

	Section 5.1.	Notices 

 Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth in the Company’s books and records. By a notice given pursuant to this Section 5.1,
either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal
representative if such representative has previously informed the Company of the representative’s status and address by written notice under this Section 5.1. Any notice shall have been deemed duly given as set forth in Section 10.4
of the LLC Agreement. 
  

	Section 5.2.	Survival of Terms; Conflicts 

 The Option and the Units issued to the Optionee upon exercise of
the Option shall be subject to all of the terms and provisions of the Plan and the LLC Agreement, to the extent applicable to the Option and such Units. In the event of any conflict between this Agreement or the Plan and the LLC Agreement, the terms
of the Plan and LLC Agreement, respectively, shall control. The provisions of the Agreement shall survive the termination of the Agreement to the extent consistent with, or necessary to carry out, the purposes thereof. In the event of any conflict
between this Agreement and the Management Equityholder’s Agreement, the Management Equityholder’s Agreement shall control. 
  

	Section 5.3.	Amendment 

 Subject to Section 10 of the Plan, this Agreement may be amended only by a
writing executed by all the parties hereto, which specifically states that it is amending this Agreement. 
  

	Section 5.4.	Governing Law 

 This Agreement shall be governed in all respects by the laws of the State of
Delaware, without giving effect to the principal of conflict of laws. 

  
 -8- 

	Section 5.5.	Section Headings; Construction 

 The section headings contained herein are for the purpose of
convenience only and are not intended to define or limit the contents of the sections. All words used in this Agreement shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 
  

	Section 5.6.	Severability; Entire Agreement 

 In the event any provision of the Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect the remaining provisions of the Agreement and such illegal, invalid or unenforceable provision
shall be deemed modified as it such provision had not been included. 
  

	Section 5.7.	No Right of Employment or Service 

 Nothing contained herein shall confer on the Optionee any
right to be continued in the employ or service of the Company and/or any Affiliate, constitute any contract or agreement of employment or other service or as a contractual right to continue in the employ of, or in a service relationship with, the
Company or any of its Affiliates for any period of time, or affect an employee’s status as an employee, nor shall anything contained herein affect any rights which the Company and/or an Affiliate may have to change an Optionee’s
compensation or other benefits or terminate such person’s employment or association with the Company and/or its Affiliate whether or not such act results in the failure of any of the Options to become exercisable or any other adverse effect on
the Optionee’s interests under the Plan, subject to applicable laws. 
  

	Section 5.8.	Service Acknowledgments 

 The Optionee hereby acknowledges and agrees as a precondition to
accepting the Option that: (i) the grant of the Option is a voluntary one-time benefit which does not create any contractual or other right to receive future grants of options, or compensation in lieu of options, even if options have been
granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when options shall be granted or shall become exercisable, the maximum number of Units subject to each
option, and the exercise price, will be at the sole discretion of the Committee; (iii) the value of the Option is an extraordinary item of compensation based on a commercial arrangement and is outside the scope of the Optionee’s employment
contract, if any; (iv) the value of the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end-of-service payments or
similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of the Option ceases upon termination of employment with the Company (or its Affiliate, as applicable) or other cessation of eligibility for any
reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Units do not increase in value, this Option will have no value, nor does the Company guarantee any future value; (vii) the Units may at any
time decrease in value; (viii) no claim or entitlement to compensation or damages arises if the Units do not increase in value and the Optionee irrevocably releases the Company and 

  
 -9- 

 
its Affiliates from any such claim that does arise; (ix) any notice period mandated under applicable law shall not be treated as service for the purpose of determining the vesting of the
Option and the Optionee’s right to vesting of Units in settlement of the Option after termination of service, if any, will be measured by the date of termination of the Optionee’s active service and will not be extended by any notice
period mandated under applicable laws; (x) subject to the foregoing and the provisions of the Plan, the Company, in its sole discretion, shall determine whether the Optionee’s service has terminated and the effective date of such
termination; (xi) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement;
and (xii) the Optionee is voluntarily participating in the Plan. 
  

	Section 5.9.	Data Privacy Consent 

 The Optionee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of the Optionee’s personal data as described in this document by the Company for the exclusive purpose of implementing, administering and managing the Optionee’s participation in
the Plan. The Optionee acknowledges and agrees that the Company holds certain personal information about the Optionee, including, but not limited to, the Optionee’s name, home address and telephone number, date of birth, social insurance number
or other identification number, salary, nationality, job title, any Units or directorships held in the Company, details of all Options or any other entitlement to Units awarded, canceled, exercised, vested, unvested or outstanding in the
Optionee’s favor, for the purpose of implementing, administering and managing the Plan (“Data”). The Optionee understands that Data may be transferred to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in the Optionee’s country or elsewhere, and that the recipient’s country may have different including less stringent data privacy laws and protections than the Optionee’s
country. The Optionee understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the Optionee’s local human resources representative. The Optionee authorizes the recipients
to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the Optionee’s participation in the Plan, including any requisite transfer of such Data as may be
required to a broker or other third party with whom the Optionee may elect to deposit any Units acquired pursuant to the Option. The Optionee understands that Data will be held only as long as is necessary to implement, administer and manage the
Optionee’s participation in the Plan. The Optionee understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw
the consents herein, in any case without cost, by contacting in writing the Optionee’s local human resources representative. The Optionee understands, however, that refusing or withdrawing the Optionee’s consent may affect the
Optionee’s ability to participate in the Plan. For more information on the consequences of the Optionee’s refusal to consent or withdrawal of consent, the Optionee understands that he or she may contact the Optionee’s local human
resources representative. 

  
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	Section 5.10.	Foreign Exchange/Exchange Control 

 The Optionee acknowledges and agrees that the Optionee may be
responsible for reporting inbound and/or outbound transactions or fund transfers that exceed a certain amount. The Optionee is advised to seek appropriate professional advice as to how the exchange control and foreign exchange regulations apply to
the Options and the Optionee’s specific situation and understands that the relevant laws and regulations can change frequently and occasionally on a retroactive basis. 
  

	Section 5.11.	Home Country Tax Obligations 

 The Optionee acknowledges and agrees that the Optionee may be
responsible for declaring income and paying respective taxes in the Optionee’s country of residence / country where the Optionee is working, in connection with the Optionee’s participation in the Plan. The Optionee is advised to seek
appropriate professional advice as to how the taxation regulations apply to the Options and the Optionee’s specific situation and understands that the relevant laws and regulations can change frequently and occasionally on a retroactive basis.

  

	Section 5.12.	Translation 

 To the extent that the Optionee has been provided with a translation of this
Agreement, the English language version of this Agreement shall prevail in case of any discrepancies or ambiguities due to translation or inconsistencies or conflicts between different language versions of this Agreement. 

 

	Section 5.13.	Counterparts 

 This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

	Section 5.14.	Country-Specific Terms and Conditions 

 Notwithstanding any other provision of this Agreement to
the contrary, the Option shall be subject to the specific terms and conditions, if any, set forth in the Appendix to this Agreement which are applicable to the Optionee’s country of residence, the provisions of which are incorporated in and
constitute part of this Agreement. Moreover, if the Optionee relocates to one of the countries included in the Appendix, the specific terms and conditions applicable to such country will apply to the Option to the extent the Company determines that
the application of such terms and conditions is necessary or advisable in order to comply with applicable law or facilitate the administration of the Plan or this Agreement. 

[See Master Signature Page for counterpart signature] 

  
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 APPENDIX 

ADDITIONAL TERMS AND CONDITIONS OF 

DESERT NEWCO LLC 2011 UNIT INCENTIVE PLAN 

FORM OF UNIT OPTION AGREEMENT 

FOR NON-US OPTIONEES 
 This Appendix
includes additional terms and conditions that govern the Option granted to the Optionee under the Plan if the Optionee resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth
in the Plan and/or the Agreement. 
 The Optionee understands and agrees that the Company strongly recommends that the Optionee not rely on the information
herein as the only source of information relating to the consequences of participation in the Plan because applicable rules and regulations regularly change, sometimes on a retroactive basis, and the information may be out of date at the time the
Option vests or are exercised or the Units are issued under the Plan. 
 The Optionee further understands and agrees that if the Optionee is a citizen or
resident of a country other than the one in which the Optionee is currently working, transfers employment after grant of the Optionee, or is considered a resident of another country for local law purposes, the information contained herein may not
apply to the Optionee, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply. 

BRAZIL 
 Compliance Notice 

By accepting the Option, the Optionee agrees to comply with all applicable Brazilian laws and satisfy all applicable tax and social insurances associated with
the vesting and exercise of the Option and the sale of the Units obtained pursuant to the exercise of the Option. That Optionee agrees that, for all legal purposes:, (i) the benefits provided under the Plan are the result of commercial
transactions unrelated to the Optionee’s employment; (ii) the Plan is not a part of the terms and conditions of the Optionee employment; and (iii) the income from the Option, if any, is not part of the Optionee’s remuneration
from employment. 
 Report of Overseas Unit Holdings 

Employees holding Units abroad from unit options are required to report such holdings (and subsequent sale) as assets to the tax authorities on their annual
income statement. 
 The Optionee understands and agrees that the Optionee must report Units acquired under the Plan and held abroad or sold to the Central
Bank of Brazil on an annual basis in the Declaration of 

 
Brazilian Assets Held Abroad if the amount of total assets an employee holds abroad, including Units, exceeds the limit set forth by the Central Bank each year. 

Language Confirmation 
 I, hereby state that I have
fluency in English, being able to read and fully understand the content of the documents, Desert Newco LLC 2011 Unit Incentive Plan and Form of Unit Option Agreement, whose copy I was supplied with, and it is written in English. 

Thus, I confirm that I read, understood, have no doubts and agree with the terms and clauses of the Desert Newco LLC 2011 Unit Incentive Plan and Form of
Unit Option Agreement. 
 Eu, declaro ter fluência no idioma Inglês, tendo condições de ler e compreender integralmente o
teor do documento Desert Newco LLC 2011 Unit Incentive Plan and Form of Unit Option Agreement, cuja cópia me foi fornecida, e que se encontra escrita no idioma Inglês. 

Assim, confirmo que li, compreendi, não tenho dúvidas e que estou de acordo com os termos e cláusulas do Desert Newco LLC 2011 Unit
Incentive Plan and Form of Unit Option Agreement. 
 CANADA 

Exercise of Option 
 Notwithstanding Section 4 of
this Agreement, the Optionee shall not be permitted to exercise the Option through tender of Units. 
 Settlement of Option 

Notwithstanding any discretion or anything to the contrary in the Plan, the grant of the Option does not provide any right for Optionee to receive a cash
payment and the Option will be settled in Units only. 
 Language Consent 

The parties acknowledge that it is their express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or
instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Les parties reconnaissent avoir exigé la redaction
en anglais de cette convention (“Agreement”), ainsi que de tous documents exécutés, avis donnés et procedures judiciaries intentées, directement ou indirectement, relativement à la présente
convention. 

  
 2 

 CZECH REPUBLIC 

Securities Disclaimer 
 The grant of the Option is exempt
from the requirement to publish a prospectus under the EU Prospectus Directive as implemented in the Czech Republic. 
 Exchange Control 

The Optionee may have a reporting requirement if the Czech National Bank, at its discretion, requests information in connection with inbound or outbound fund
flows in connection with the Option. 
 INDIA 

Exchange Control Information 
 The Optionee must
repatriate all proceeds received from the sale of Units to India within a reasonable time following the sale (typically within 90 days). The Optionee must maintain the foreign inward remittance certificate received from the bank where the foreign
currency is deposited in the event that the Reserve Bank of India or the Company requests proof of repatriation. It is the Optionee’s responsibility to comply with applicable exchange control laws in India. 

MEXICO 
 Employment and Labor Law
Acknowledgments 
 Through this agreement the Optionee acknowledges that as a [Mexican entity’s] employee he/she is entitled to participate in the
Company’s Unit Option, therefore the Optionee has the entire right to exercise it or not. 
 The Optionee accepts and acknowledges that his/her sole
and exclusive Employer is [Mexican entity], therefore, any and all provisions in this agreement establishing or making reference to the employer, employment, employment agreement or employment relationship, means and refers exclusively to the
[Mexican entity], as his/her employer. 
 The Optionee acknowledges that in no case should the Company be considered his/her Employer and that no employment
relationship exist between the Optionee and the Company, therefore Optionee declares that he/she has never been controlled by the Company, received any salary or benefit from the Company, nor performed any activity or service to the Company or under
its instructions. 

  
 3 

 NETHERLANDS 

Notification for Dutch Employees 
 The Optionee should be
aware of the Dutch insider trading rules, which may affect the sale of Units acquired under the Plan. In particular, the Optionee may be prohibited from effecting certain Unit transactions if the Optionee has insider information regarding the
Company. Below is a discussion of the applicable restrictions. The Optionee is advised to read the discussion carefully to determine whether the insider rules could apply to the Optionee. If it is uncertain whether the insider rules apply, the
Company recommends that the Optionee consult with a legal advisor. The Company cannot be held liable if the Optionee violates the Dutch insider trading rules. The Optionee is responsible for ensuring your compliance with these rules. 

Prohibition Against Insider Trading 
 Dutch
securities laws prohibit insider trading. The regulations are based upon the European Market Abuse Directive and are stated in section 5:56 of the Dutch Financial Supervision Act (Wet op het financieel toezicht or Wft) and in section 2 of the Market
Abuse Decree (Besluit marktmisbruik Wft). For further information you are referred to the website of the Authority for the Financial Markets (AFM); http://www.afm.nl/~/media/Files/brochures/2012/insider-dealing.ashx. 

Given the broad scope of the definition of inside information, certain employees of the Company working at its Dutch Affiliate may have inside information and
thus are prohibited from making a transaction in securities in the Netherlands at a time when they have such inside information. By entering into this Agreement and participating in the Plan, the Optionee acknowledges having read and understood the
notification above and acknowledges that it is the Optionee’s responsibility to comply with the Dutch insider trading rules, as discussed herein. 

Taxation 
 The difference between the exercise price for
which Units can be acquired and the fair market value of the Units at the time of exercise is treated as income out of employment for employees working in the Netherlands as stipulated in section 10a of the Dutch Wage Tax Act 1964. The Dutch
employing company of these employees is entitled to withhold wage tax and social security premiums as described in section 4.7. of the Form of Unit Option Agreement. Any income out of exercise of the options will be reported to the Dutch Tax
Authorities by the Dutch employing Company under mandatory law. 
 SINGAPORE 

Securities Law Information 
 The Option is granted in
reliance on section 273(1)(f) of the Securities and Futures Act (Cap. 289) (“SFA”) for which it is exempt from the prospectus and registration requirements under the SFA. 

  
 4 

 Director Notification Obligation 

If an Optionee is a director, associate director or shadow director of the Company’s Subsidiary in Singapore, the Optionee is subject to certain
notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Subsidiary in Singapore in writing when the Optionee receives an interest (e.g., Options or Units) in the Company or any Subsidiary.
In addition, the Optionee must notify the Subsidiary in Singapore when he or she sells Units (including when the Optionee sells Units issued upon exercise of the Option). These notifications must be made within two days of acquiring or disposing of
any interest in the Company or any Affiliate. In addition, a notification of the Optionee’s interests in the Company or any Affiliate must be made within two days of becoming a director. 

  
 5 

 UK SUB-PLAN 

TO THE 
 DESERT NEWCO,
LLC 
 2011 UNIT INCENTIVE PLAN 

FORM OF UNIT OPTION AGREEMENT 

(Time & Performance Vesting) 

THIS UNIT OPTION AGREEMENT (this “Agreement”), dated as of [Date] (the “Grant Date”) is made by and
between Desert Newco, LLC, a Delaware limited liability company (hereinafter referred to as the “Company”), and the individual (the “Optionee”) whose name is set forth on the Master Signature Page hereof, who is a
Participant. Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the UK Sub-Plan to the Desert Newco, LLC 2011 Unit Incentive Plan, as amended, modified or supplemented from time to time (the
“Plan”). 
 WHEREAS, as an incentive for the Optionee’s efforts in connection with his or her employment by, or
performance of other services for, the Company (or its Affiliates, as applicable), the Company wishes to afford the Optionee the opportunity to purchase a number of Units (which Units shall entitle the Optionee to any and all rights and benefits to
which the holder of such Units may be provided under the LLC Agreement (as defined below) and the Delaware Limited Liability Company Act), subject to the terms and conditions set forth herein and in the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement,
pursuant to which the Committee, appointed to administer the Plan, has instructed the undersigned officers to issue this Option. 
 NOW,
THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

ARTICLE I 

DEFINITIONS 
 Whenever the following
terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. 
  

	Section 1.1.	Cause 

 “Cause” shall mean the definition of “Cause” as defined in the
Employment Agreement or, in the absence of any Employment Agreement, the Optionee’s: (i) willfully engaging in illegal conduct or gross misconduct which is materially injurious to the Company or any of its Subsidiaries;
(ii) conviction of a crime of moral turpitude; (iii) engaging in fraud, misappropriation, embezzlement or any other act or acts of dishonesty resulting or intended to result directly or indirectly in a gain or personal enrichment to the
Optionee at the expense of the Company or any of its Subsidiaries; (iv) willful material breach of any written policies of the Company or any of its Subsidiaries (which policy or policies previously was

 
provided to Optionee); or (v) willful and continual failure to substantially perform his or her duties with the Company or any of its Subsidiaries (other than a failure resulting from his or
her incapacity due to physical or mental illness), which failure has continued for a period of at least 30 days after a written demand for substantial performance is delivered to Optionee by the Company or one of its Subsidiaries which specifically
identifies the manner in which the Company believes that Optionee has not substantially performed Optionee’s duties. 
  

	Section 1.2.	Determination Date 

 “Determination Date” means, with respect to a given Fiscal
Year, the date on which the Board or a designated committee thereof approves or confirms the financial statements of the Company for the relevant Fiscal Year following the end thereof. 

 

	Section 1.3.	Employment Agreement 

 “Employment Agreement” means the employment agreement, if
any, specifying the terms of the Optionee’s employment by the Company or any of its Subsidiaries. 
  

	Section 1.4.	Fiscal Year 

 “Fiscal Year” shall mean any fiscal year of the Company as set
forth on https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx. 
  

	Section 1.5.	GD Equity Interests 

 “GD Equity Interests” shall mean the equity interests in
the Company acquired in connection with the Transaction. 
  

	Section 1.6.	Good Reason 

 “Good Reason” shall mean the definition of “Good Reason” as
defined in the Employment Agreement or, in the absence of any Employment Agreement: (i) a significant reduction of Optionee’s duties, position, or responsibilities, relative to Optionee’s duties, position, or responsibilities in
effect immediately prior to a Change in Control; (ii) a material reduction in the kind or level of retirement and welfare employee benefits to which Optionee is entitled immediately prior to the Change in Control; (iii) a reduction in
Optionee’s base salary or annual cash incentive opportunity as in effect immediately prior to the Change in Control; or (iv) the relocation of Optionee’s place of employment to a facility or location more than thirty-five
(35) miles from Optionee’s current place of employment. 
  

	Section 1.7.	Grant Date 

 “Grant Date” shall mean the definition of “Grant Date” as
defined in the preamble hereof. 
  

	Section 1.8.	IPO 

 “IPO” shall have the same meaning as the term “IPO” is defined in
the LLC Agreement. 

  
 2 

	Section 1.9.	Management Equityholder’s Agreement 

 “Management Equityholder’s
Agreement” shall mean that certain Management Equity and Unitholder’s Agreement dated as of the date of this Agreement between the Optionee and the Company. 
  

	Section 1.10.	Option 

 “Option” means the option to purchase the Units granted to the Optionee
under Section 2.1 of this Agreement. 
  

	Section 1.11.	LLC Agreement 

 “LLC Agreement” means the Limited Liability Company Agreement of
Desert Newco, LLC, dated effective as of December 16, 2011, as the same may be amended from time to time. 
  

	Section 1.12.	Sponsors 

 “Sponsors” shall have the same meaning as the term
“Sponsors” is defined in the LLC Agreement. 
 ARTICLE II 

GRANT OF OPTIONS 
  

	Section 2.1.	Grant of Options; Exercise Price 

 For good and valuable consideration, upon the terms and
conditions set forth herein and in the Plan, on and as of the Grant Date, the Company grants to the Optionee an option to purchase any part or all of an aggregate of the number and Units set forth on the Schedule to the Master Signature Page
hereof, at the exercise price set forth on such Schedule to the Master Signature Page hereof (which, subject to any adjustment as contemplated herein, is the Fair Market Value per Unit on the Grant Date), without commission or other charge.

 ARTICLE III 

PERIOD OF EXERCISABILITY 
  

	Section 3.1.	Section 3.1. Vesting and Commencement of Exercisability 

 (a) So long as the
Optionee continues to be employed by the Company or any of its Subsidiaries through the relevant vesting date, the Option shall vest and become exercisable as follows: 
  

	 	(i)	Performance Option. 

 (A) Forty percent (40%) of the Units subject to
Option shall be eligible to vest and become exercisable based on the Company’s performance as specified in this paragraph (the “Performance Options”). In the event that the Company achieves the revenue and adjusted cash flow
targets as set forth in https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx (the “Annual Performance Target”) for a given Fiscal Year (or portion thereof) as reasonably determined in good faith by the
Committee, the percentage of the Performance Options set forth next to such Fiscal Year (or portion thereof) in the table below shall vest and become exercisable as of the applicable Determination Date. The Fiscal Years on which the vesting of the
Performance 

  
 3 

 
Options are based will be determined by the Committee and will be as indicated on the Employee’s Master Signature Page. 

 

			
	 Applicable Performance Period
	  	 Percentage of Units Subject to Performance Options

Eligible to Vest and Become Exercisable

	End of Fiscal Year 1	  	20%
	End of Fiscal Year 2	  	20%
	End of Fiscal Year 3	  	20%
	End of Fiscal Year 4	  	20%
	End of Fiscal Year 5	  	20%

 (B) Notwithstanding the foregoing, in the event that either or both component(s) of the Annual
Performance Target is not achieved in a particular Fiscal Year (a “Missed Year”), then that portion of the Performance Option that was eligible to vest and become exercisable but failed to so vest and become exercisable due to the
Company’s failure to achieve either or both component(s) of the Annual Performance Target for such Missed Year shall be eligible to vest and become exercisable at the end of the Fiscal Year immediately following the Missed Year (the
“Subsequent Year”) as provided in this paragraph, but only if the Optionee continues to be employed by the Company or any of its Subsidiaries as of the end of the Subsequent Year. In the event that, in the Subsequent Year, the
Company exceeds the target for either or both of the component(s) of the Annual Performance Target for such Subsequent Year, then the amount of such excess may be added to the amount achieved with respect to the applicable component of the Annual
Performance Target in the Missed Year. If, after giving effect to the addition(s) contemplated by the immediately preceding sentence, both components of the Annual Performance Target are satisfied for the Missed Year, the Performance Options
eligible to have vested and become exercisable in the Missed Year shall vest and become exercisable as of the end of the Subsequent Year. To the extent that any Performance Options which did not initially vest at the end of the Missed Year do not
vest at the end of the Subsequent Year, such Performance Options shall expire as of the end of such Subsequent Year without consideration. 
  

	 	(ii)	Time Option. 

 (A) Sixty percent (60%) of the Units subject to Option shall
vest and become exercisable based on time (the “Time Options”), such that the Time Option shall vest and become exercisable pursuant to the following schedule: 

 

			
	 Date Time Option Vests and Becomes Exercisable
	  	 Percentage of Units Subject to Time Options

Eligible to Vest and Become Exercisable

	Upon the first anniversary of the Grant Date	  	20%
	Upon the second anniversary of the Grant Date	  	20%

  
 4 

			
	 Date Time Option Vests and Becomes Exercisable
	  	 Percentage of Units Subject to Time Options

Eligible to Vest and Become Exercisable

	Upon the third anniversary of the Grant Date	  	20%
	Upon the fourth anniversary of the Grant Date	  	20%
	Upon the fifth anniversary of the Grant Date	  	20%

 (B) Notwithstanding Section 3.1(a)(ii)(A) above, to the extent that Time Options do not
accelerate upon a Change in Control pursuant to Section 3.1(c) and remain outstanding following a Change in Control, in the event that the Optionee’s employment is terminated by the Company (or its successor) without Cause or by the
Optionee for Good Reason within 90 days before, or on 18 months after a Change in Control, any then unvested Time Options will become immediately vested and exercisable. 

(b) As a condition of receiving any Options, the Optionee hereby waives any and all rights the Optionee currently has to become vested in any
unvested equity awards of the Company or its Affiliates upon any termination of employment pursuant to any agreement or arrangement entered into prior to the date hereof. 

(c) Effect of Change in Control. Notwithstanding any provision of Section 3.1(a) above, upon the earlier occurrence of a Change in
Control, so long as the Optionee remains employed with the Company or its Subsidiaries through the date of such Change in Control, then any unvested portion of the Time Option and the Performance Option shall become immediately vested and
exercisable as to 100% of the Units subject to such Unit Option immediately prior to the Change in Control if, as a result of such Change in Control, (x) the Sponsors achieve an internal rate of return (determined on a fully diluted basis,
assuming inclusion of all Units underlying all then outstanding Awards and any other outstanding options, warrants or other rights to acquires Units) of at least 25% or (y) the Sponsors earn at least 3.0 times the purchase price of the GD
Equity Interests acquired, directly or indirectly, by the Sponsors (subject to adjustment by the Committee to the extent any adjustment to the Options occurs pursuant to Section 8 of the Plan), in each case of clause (x) and (y), based on
cash received by the Sponsors on a cumulative basis (excluding tax distributions and after deduction for any applicable transaction expenses). 

(d) Notwithstanding the foregoing, no portion of the Option shall vest and become exercisable as to any additional Units (which portion has
not otherwise vested and become exercisable in accordance with Sections 3.1(a) or (c) above) following the termination of employment of the Optionee with the Company and its Subsidiaries for any reason (other than provided for in
Section 3.1(a)(ii)(B) above), and the portion of the Option that is unvested and unexercisable as of the Optionee’s termination of employment with the Company and its Subsidiaries shall immediately expire upon such termination without
consideration. 
  

	Section 3.2.	Expiration of Option 

 The Optionee may not exercise the exercisable portion of the Option to any
extent and the unexercised portion of the Option shall terminate without consideration, upon the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

  
 5 

 (b) the first anniversary of the date of the Optionee’s termination of employment with the
Company and its Subsidiaries, if such employment is terminated by reason of death or Disability; or 
 (c) one hundred eighty
(180) days after the date of an Optionee’s termination of employment by the Company or any of its Subsidiaries without Cause (for any reason other than as set forth in Section 3.2(b)) or by the Optionee for Good Reason; or 

(d) immediately upon the date of the Optionee’s termination of employment by the Company or its Subsidiaries or Affiliates for Cause; or

 (e) ninety (90) days after termination of employment with the Company and its Subsidiaries by the Optionee without Good Reason; or

 (f) if the Committee so determines pursuant to Section 8 of the Plan. 

ARTICLE IV 

EXERCISE OF OPTION 
  

	Section 4.1.	Person Eligible to Exercise 

 Except as expressly provided for herein or in the Management
Equityholder’s Agreement, during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the Disability or death of the Optionee, any vested and exercisable portion of the Option may, prior to the
time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee’s Personal Representative. 
  

	Section 4.2.	Partial Exercise 

 Any exercisable portion of the Option or the entire Option, if then wholly
exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.2; provided however, that any partial exercise shall be for whole Units only. 

 

	Section 4.3.	Manner of Exercise 

 The Option, or any portion thereof, which is vested and exercisable, may be
exercised solely by delivering to the Secretary of the Company all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or any other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 
 (b) full
payment (in cash, by cheque, or a combination of the foregoing methods; provided, that the Optionee will pay any taxes due (including the Option Tax Liability and Secondary NIC Liability) in respect of such exercise in cash) for the Units with
respect to which the Option or portion thereof is exercised; 
 (c) execution, to the extent not previously executed, of the Management
Equityholder’s Agreement, pursuant to which agreement the Optionee shall also become subject to the LLC Agreement 

  
 6 

 
and such other documents and instruments as may be required by the Committee under the Plan, including the signed Joint Election and the signed Section 431 Elections (attached at Appendix 1
and Appendix 2). 
 (d) full payment to the Company of all amounts which, under federal, state or local law, it is required to withhold upon
exercise of the Option (including the Option Tax Liability and Secondary NIC Liability); 
 (e) in the event the Option or portion thereof
shall be exercised pursuant to Section 4.1 by the Optionee’s Personal Representative, appropriate proof of the right of such person or persons to exercise the option; and 

(f) if so requested by the Committee, an irrevocable voting proxy and power of attorney in favour of a designated member of the Board. 

Without limiting the generality of the foregoing, the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer
of Units acquired on exercise of the Option does not violate the Securities Act of 1933, as amended, and may issue stop-transfer orders covering such Units. 
  

	Section 4.4.	Tax Obligations 

 1.1 Withholding. In the event that the Company determines
that it or any Subsidiary is required to account to HM Revenue & Customs for the Option Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the exercise of this Option, the Optionee, as a condition to
the exercise of the Option, shall make arrangements satisfactory to the Company to enable it or any Subsidiary to satisfy all withholding liabilities. The Optionee shall also make arrangements satisfactory to the Company to enable it to satisfy any
withholding requirements that may arise in connection with the vesting or disposition of Units purchased by exercising this Option. 
 1.2
Tax Consultation. Optionee understands that he or she may suffer adverse tax consequences as a result of Optionee’s purchase or disposition of the Units. Optionee represents that he or she will consult with any tax advisors Optionee
deems appropriate in connection with the purchase or disposition of the Units and that Optionee is not relying on the Company or any Affiliate for any tax advice. 

1.3 Section 431 Election. As a further condition of the exercise of this Option, the Optionee shall have signed a Section 431
Elections in the form set out in Appendix 1 and Appendix 2 or in such other form as may be determined by HM Revenue & Customs from time to time. 

1.4 Employer’s National Insurance Charges. As a further condition of the exercise of an Option under the Plan the Optionee shall
join with the Company or any other company or person who is or becomes a Secondary Contributor in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole of any Secondary NIC Liability. 

  
 7 

 1.5 Optionee’s Tax Indemnity. 

 

	 	(i)	Indemnity. To the extent permitted by law, the Optionee hereby agrees to indemnify and keep indemnified the Company, and the Company as trustee for and on behalf of any related corporation, for any Option Tax
Liability and Secondary NIC Liability. 

  

	 	(ii)	No Obligation to Issue Units. The Company shall not be obliged to allot, issue or transfer any Units or any interest in Units pursuant to the exercise of this Option unless and until the Optionee has paid to the
Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against the Option Tax Liability and the Secondary NIC Liability, or the Optionee has made such other arrangement as in the opinion of the Company
will ensure that the full amount of any Option Tax Liability and any Secondary NIC Liability will be recovered from the Optionee within such period as the Company may then determine. 

 

	 	(iii)	Right of Retention. In the absence of any such other arrangement being made, the Company shall have the right to retain out of the aggregate number of Units to which the Optionee would have otherwise been
entitled upon the exercise of this Option, such number of Units as, in the opinion of the Company, will enable the Company to sell as agent for the Optionee (at the best price which can reasonably expect to be obtained at the time of the sale) and
to pay over to the Company sufficient monies out of the net proceeds of sale, after deduction of all fees, commissions and expenses incurred in relation to such sale, to satisfy the Optionee’s liability under such indemnity. 

 

	Section 4.5.	Conditions to Issuance of Units 

 The Company shall not be required to record the ownership by the
Optionee of Units purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: 

(a) the obtaining of approval or other clearance from any federal, state, local or non-U.S. governmental agency which the Committee shall, in
its reasonable and good faith discretion, determine to be necessary or advisable; 
 (b) the lapse of such reasonable period of time
following the exercise of the Option as the Committee may from time to time establish for reasons of administrative convenience or as may otherwise be required by applicable law; and 

(c) the execution and delivery of the Management Equityholder’s Agreement. 

 

	Section 4.6.	Rights as Unitholder, Member 

 The Optionee shall not be, and shall not have any of the rights or
privileges of, Unitholders or Members of the Company in respect of any Units purchasable upon exercise of the Option or any portion thereof unless and until a book entry representing such Units has been made on the books and records of the Company
and the Optionee has been admitted as a Member pursuant to the terms of the LLC Agreement; provided, however, that the Optionee shall be deemed to be admitted as a Member, 

  
 8 

 
retroactive to the date of exercise, once the criteria contained in Sections 4.3, 4.4 and 4.5 hereof have been satisfied. 

 

	Section 4.7.	Initial Public Offering 

 In the event of an IPO, the Committee in its sole discretion and without
liability to, or the consent or approval of, any Person may provide that all outstanding Options, whether vested or unvested, be converted into options exercisable into or awards based upon, as the case may be, the securities being offered to the
public in such IPO. 
 ARTICLE V 

MISCELLANEOUS 
  

	Section 5.1	Data Protection 

  

	 	(a)	By entering into this Unit Option Agreement, and as a condition of the grant of the Option, Optionee consents to the collection, use, and transfer of personal data as described in this paragraph to the full extent
permitted by and in full compliance with applicable laws. 

  

	 	(i)	Optionee understands that the Company and its Subsidiaries hold Data about the Optionee for the purpose of managing and administering the Plan. 

 

	 	(ii)	Optionee further understands that the Company and/or its Subsidiaries will transfer Data among themselves as necessary for the purposes of implementation, administration, and management of Optionee’s participation
in the Plan, and that the Company and/or its Subsidiary may each further transfer Data to any Data Recipients. 

  

	 	(iii)	Optionee understands that these Data Recipients may be located in Optionee’s country of residence or elsewhere, such as the United States. Optionee authorises the Data Recipients to receive, possess, use, retain,
and transfer Data in electronic or other form, for the purposes of implementing, administering, and managing Optionee’s participation in the Plan, including any transfer of such Data, as may be required for the administration of the Plan and/or
the subsequent holding of Units on Optionee’s behalf, to a broker or third party with whom the Units acquired on exercise may be deposited. Where the transfer is to be to a destination outside the European Economic Area, the Company shall take
reasonable steps to ensure that the Optionee’s personal data continues to be adequately protected and securely held. 

  

	 	(iv)	Optionee understands that Optionee may, at any time, review the Data, request that any necessary amendments be made to it, or withdraw Optionee’s consent herein in writing by contacting the Company. Optionee
further understands that withdrawing consent may affect Optionee’s ability to participate in the Plan. 

  

	Section 5.2.	Additional Terms 

 a) Optionee has no right to compensation or damages for any loss in
respect of the Option where such loss arises (or is claimed to arise), in whole or in part, from the termination of Optionee’s employment; or notice to terminate employment given by or to Optionee. This exclusion of liability shall apply
however termination of employment, or the giving of notice, is caused other than in a case where a 

  
 9 

 
competent tribunal or court, from which there can be no appeal (or which the relevant employing company has decided not to appeal), has found that the cessation of the Optionee’s employment
amounted to unfair or constructive dismissal of Optionee and however compensation or damages may be claimed. 
 b) Optionee has no right to
compensation or damages for any loss in respect of an Option where such loss arises (or is claimed to arise), in whole or in part, from any company ceasing to be a Subsidiary of the Company; or the transfer of any business from a Subsidiary of the
Company to any person which is not a Subsidiary of the Company. This exclusion of liability shall apply however the change of status of the relevant company, or the transfer of the relevant business, is caused, and however compensation or damages
may be claimed. 
  

	Section 5.3.	Notices 

 Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth in the Company’s books and records. By a notice given pursuant to this Section 5.3,
either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal
representative if such representative has previously informed the Company of the representative’s status and address by written notice under this Section 5.3. Any notice shall have been deemed duly given as set forth in Section 10.4
of the LLC Agreement. 
  

	Section 5.4.	Survival of Terms; Conflicts 

 The Option and the Units issued to the Optionee upon exercise of
the Option shall be subject to all of the terms and provisions of the Plan and the LLC Agreement, to the extent applicable to the Option and such Units. In the event of any conflict between this Agreement or the Plan and the LLC Agreement, the terms
of the Plan and LLC Agreement, respectively, shall control. The provisions of the Agreement shall survive the termination of the Agreement to the extent consistent with, or necessary to carry out, the purposes thereof. In the event of any conflict
between this Agreement and the Management Equityholder’s Agreement, the Management Equityholder’s Agreement shall control. 
  

	Section 5.5.	Amendment 

 Subject to Section 10 of the Plan, this Agreement may be amended only by a
writing executed by the parties hereto, which specifically states that it is amending this Agreement. 
  

	Section 5.6.	Governing Law 

 This Agreement shall be governed in all respects by the laws of the State of
Delaware, without giving effect to the principal of conflict of laws. The Joint Election and Section 431 Election shall be governed by the laws of England and Wales. 
  

	Section 5.7.	Section Headings; Construction 

 The section headings contained herein are for the purpose of
convenience only and are not intended to define or limit the contents of the sections. All words used in this Agreement shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 

  
 10 

	Section 5.8.	Severability; Entire Agreement 

 In the event any provision of the Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect the remaining provisions of the Agreement and such illegal, invalid or unenforceable provision
shall be deemed modified as it such provision had not been included. 
  

	Section 5.9.	No Right of Employment or Service 

 Nothing contained herein shall confer on the Optionee any
right to be continued in the employ or service of the Company and/or any Affiliate, constitute any contract or agreement of employment or other service or affect an employee’s status as an at-will employee, nor shall anything contained herein
affect any rights which the Company and/or an Affiliate may have to change an Optionee’s compensation or other benefits or terminate such person’s employment or association with the Company and/or its Affiliate for any reason (with or
without Cause, with or without compensation) at any time. 
  

	Section 5.10.	Counterparts 

 This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [See Master Signature Page for counterpart
signature] 

  
 11 

 APPENDIX 1 

SECTION 431 ELECTION 

(For Units in Desert Newco, LLC) 

  
 12 

 APPENDIX 2 

SECTION 431 ELECTION 

(For Units in Desert Newco Managers, LLC) 

  
 13 

 UK SUB-PLAN 

TO THE 
 DESERT NEWCO, LLC

 2011 UNIT INCENTIVE PLAN 

FORM OF UNIT OPTION AGREEMENT 

(Time Vesting) 
 THIS UNIT
OPTION AGREEMENT (this “Agreement”), dated as of [Date] (the “Grant Date”) is made by and between Desert Newco, LLC, a Delaware limited liability company (hereinafter referred to as the
“Company”), and the individual (the “Optionee”) whose name is set forth on the Master Signature Page hereof, who is a Participant. Any capitalized terms used but not otherwise defined herein shall have the meaning
set forth in the UK Sub-Plan to the Desert Newco, LLC 2011 Unit Incentive Plan, as amended, modified or supplemented from time to time (the “Plan”). 

WHEREAS, as an incentive for the Optionee’s efforts in connection with his or her employment by, or performance of other services
for, the Company (or its Affiliates, as applicable), the Company wishes to afford the Optionee the opportunity to purchase a number of Units (which Units shall entitle the Optionee to any and all rights and benefits to which the holder of such Units
may be provided under the LLC Agreement (as defined below) and the Delaware Limited Liability Company Act), subject to the terms and conditions set forth herein and in the Plan; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement,
pursuant to which the Committee, appointed to administer the Plan, has instructed the undersigned officers to issue this Option. 
 NOW,
THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

ARTICLE I 

DEFINITIONS 
 Whenever the following
terms are used in this Agreement, they shall have the meaning specified below unless the context clearly indicates to the contrary. 
  

	Section 1.1.	Cause 

 “Cause” shall mean the definition of “Cause” as defined in the
Employment Agreement or, in the absence of any Employment Agreement, the Optionee’s: (i) willfully engaging in illegal conduct or gross misconduct which is materially injurious to the Company or any of its Subsidiaries;
(ii) conviction of a crime of moral turpitude; (iii) engaging in fraud, misappropriation, embezzlement or any other act or acts of dishonesty resulting or intended to result directly or indirectly in a gain or personal enrichment to the
Optionee at the expense of the Company or any of its Subsidiaries; (iv) willful material breach of any written policies of the Company or any of its Subsidiaries (which policy or policies previously was provided to Optionee); or
(v) willful and continual failure to substantially perform his or her duties with the Company or any of its Subsidiaries (other than a failure resulting from his or her incapacity due to 

 
physical or mental illness), which failure has continued for a period of at least 30 days after a written demand for substantial performance is delivered to Optionee by the Company or one of its
Subsidiaries which specifically identifies the manner in which the Company believes that Optionee has not substantially performed Optionee’s duties. 
  

	Section 1.2.	Determination Date 

 “Determination Date” means, with respect to a given Fiscal
Year, the date on which the Board or a designated committee thereof approves or confirms the financial statements of the Company for the relevant Fiscal Year following the end thereof. 

 

	Section 1.3.	Employment Agreement 

 “Employment Agreement” means the employment agreement, if
any, specifying the terms of the Optionee’s employment by the Company or any of its Subsidiaries. 
  

	Section 1.4.	Fiscal Year 

 “Fiscal Year” shall mean any fiscal year of the Company as set
forth on https://gdc/HumanResources/OptionsandEquity/tabid/758/Default.aspx. 
  

	Section 1.5.	GD Equity Interests 

 “GD Equity Interests” shall mean the equity interests in
the Company acquired in connection with the Transaction. 
  

	Section 1.6.	Good Reason 

 “Good Reason” shall mean the definition of “Good Reason” as
defined in the Employment Agreement or, in the absence of any Employment Agreement: (i) a significant reduction of Optionee’s duties, position, or responsibilities, relative to Optionee’s duties, position, or responsibilities in
effect immediately prior to a Change in Control; (ii) a material reduction in the kind or level of retirement and welfare employee benefits to which Optionee is entitled immediately prior to the Change in Control; (iii) a reduction in
Optionee’s base salary or annual cash incentive opportunity as in effect immediately prior to the Change in Control; or (iv) the relocation of Optionee’s place of employment to a facility or location more than thirty-five
(35) miles from Optionee’s current place of employment. 
  

	Section 1.7.	Grant Date 

 “Grant Date” shall mean the definition of “Grant Date” as
defined in the preamble hereof. 
  

	Section 1.8.	IPO 

 “IPO” shall have the same meaning as the term “IPO” is defined in
the LLC Agreement. 
  

	Section 1.9.	Management Equityholder’s Agreement 

 “Management Equityholder’s
Agreement” shall mean that certain Management Equity and Unitholder’s Agreement dated as of the date of this Agreement between the Optionee and the Company. 

  
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	Section 1.10.	Option 

 “Option” means the option to purchase the Units granted to the Optionee
under Section 2.1 of this Agreement. 
  

	Section 1.11.	LLC Agreement 

 “LLC Agreement” means the Limited Liability Company Agreement of
Desert Newco, LLC, dated effective as of December 16, 2011, as the same may be amended from time to time. 
  

	Section 1.12.	Sponsors 

 “Sponsors” shall have the same meaning as the term
“Sponsors” is defined in the LLC Agreement. 
 ARTICLE II 

GRANT OF OPTIONS 
  

	Section 2.1.	Grant of Options; Exercise Price 

 For good and valuable consideration, upon the terms and
conditions set forth herein and in the Plan, on and as of the Grant Date, the Company grants to the Optionee an option to purchase any part or all of an aggregate of the number and Units set forth on the Schedule to the Master Signature Page
hereof, at the exercise price set forth on such Schedule to the Master Signature Page hereof (which, subject to any adjustment as contemplated herein, is the Fair Market Value per Unit on the Grant Date), without commission or other charge.

 ARTICLE III 

PERIOD OF EXERCISABILITY 
  

	Section 3.1.	Vesting and Commencement of Exercisability 

 (a) So long as the Optionee continues
to be employed by the Company or any of its Subsidiaries through the relevant vesting date, the Option shall vest and become exercisable as follows: 

(i) One hundred percent (100%) of the Units subject to Option shall vest and become exercisable based on time, such that the Option
shall vest and become exercisable pursuant to the following schedule: 
  

			
	 Date Option Vests and Becomes Exercisable
	 	 Percentage of Units Eligible to Vest and

Become Exercisable

	Upon the first anniversary of the Grant Date	 	20%
	Upon the second anniversary of the Grant Date	 	20%
	Upon the third anniversary of the Grant Date	 	20%
	Upon the fourth anniversary of the Grant Date	 	20%

  
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	Upon the fifth anniversary of the Grant Date	 	20%

 (ii) To the extent that Options do not accelerate upon a Change in Control pursuant to Section 3.1(c) and
remain outstanding following a Change in Control, in the event that the Optionee’s employment is terminated by the Company (or its successor) without Cause or by the Optionee for Good Reason within 90 days before, or on 18 months after a Change
in Control, any then unvested Options will become immediately vested and exercisable. 
 (b) As a condition of receiving any Options, the
Optionee hereby waives any and all rights the Optionee currently has to become vested in any unvested equity awards of the Company or its Affiliates upon any termination of employment pursuant to any agreement or arrangement entered into prior to
the date hereof. 
 (c) Effect of Change in Control. Notwithstanding any provision of Section 3.1(a) above, upon the earlier
occurrence of a Change in Control, so long as the Optionee remains employed with the Company or its Subsidiaries through the date of such Change in Control, then any unvested portion of the Option shall become immediately vested and exercisable as
to 100% of the Units subject to such Unit Option immediately prior to the Change in Control if, as a result of such Change in Control, (x) the Sponsors achieve an internal rate of return (determined on a fully diluted basis, assuming inclusion
of all Units underlying all then outstanding Awards and any other outstanding options, warrants or other rights to acquires Units) of at least 25% or (y) the Sponsors earn at least 3.0 times the purchase price of the GD Equity Interests
acquired, directly or indirectly, by the Sponsors (subject to adjustment by the Committee to the extent any adjustment to the Options occurs pursuant to Section 8 of the Plan), in each case of clause (x) and (y), based on cash received by
the Sponsors on a cumulative basis (excluding tax distributions and after deduction for any applicable transaction expenses). 
 (d)
Notwithstanding the foregoing, no portion of the Option shall vest and become exercisable as to any additional Units (which portion has not otherwise vested and become exercisable in accordance with Sections 3.1(a) or (c) above) following
the termination of employment of the Optionee with the Company and its Subsidiaries for any reason, and the portion of the Option that is unvested and unexercisable as of the Optionee’s termination of employment with the Company and its
Subsidiaries shall immediately expire upon such termination without consideration. 
  

	Section 3.2.	Expiration of Option 

 The Optionee may not exercise the exercisable portion of the Option to any
extent and the unexercised portion of the Option shall terminate without consideration, upon the first to occur of the following events: 

(a) the tenth anniversary of the Grant Date; 

(b) the first anniversary of the date of the Optionee’s termination of employment with the Company and its Subsidiaries, if such
employment is terminated by reason of death or Disability; or 
 (c) one hundred eighty (180) days after the date of an Optionee’s
termination of employment by the Company or any of its Subsidiaries without Cause (for any reason other than as set forth in Section 3.2(b)) or by the Optionee for Good Reason; or 

(d) immediately upon the date of the Optionee’s termination of employment by the Company or its Subsidiaries or Affiliates for Cause; or

  
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 (e) ninety (90) days after termination of employment with the Company and its Subsidiaries
by the Optionee without Good Reason; or 
 (f) if the Committee so determines pursuant to Section 8 of the Plan. 

ARTICLE IV

EXERCISE OF OPTION 
  

	Section 4.1.	Person Eligible to Exercise 

 Except as expressly provided for herein or in the Management
Equityholder’s Agreement, during the lifetime of the Optionee, only the Optionee may exercise the Option or any portion thereof. After the Disability or death of the Optionee, any vested and exercisable portion of the Option may, prior to the
time when the Option becomes unexercisable under Section 3.2, be exercised by the Optionee’s Personal Representative. 
  

	Section 4.2.	Partial Exercise 

 Any exercisable portion of the Option or the entire Option, if then wholly
exercisable, may be exercised in whole or in part at any time prior to the time when the Option or portion thereof becomes unexercisable under Section 3.2; provided however, that any partial exercise shall be for whole Units only. 

 

	Section 4.3.	Manner of Exercise 

 The Option, or any portion thereof, which is vested and exercisable, may be
exercised solely by delivering to the Secretary of the Company all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a) notice in writing signed by the Optionee or any other person then entitled to exercise the Option or portion thereof, stating that the
Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; 
 (b) full
payment (in cash, by cheque, or a combination of the foregoing methods; provided, that the Optionee will pay any taxes due (including the Option Tax Liability and Secondary NIC Liability) in respect of such exercise in cash) for the Units with
respect to which the Option or portion thereof is exercised; 
 (c) execution, to the extent not previously executed, of the Management
Equityholder’s Agreement, pursuant to which agreement the Optionee shall also become subject to the LLC Agreement and such other documents and instruments as may be required by the Committee under the Plan, including the signed Joint Election
and the signed Section 431 Elections (attached at Appendix 1 and Appendix 2). 
 (d) full payment to the Company of all amounts which,
under federal, state or local law, it is required to withhold upon exercise of the Option (including the Option Tax Liability and Secondary NIC Liability); 

  
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 (e) in the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by
the Optionee’s Personal Representative, appropriate proof of the right of such person or persons to exercise the option; and 
 (f) if
so requested by the Committee, an irrevocable voting proxy and power of attorney in favour of a designated member of the Board. 
 Without limiting the
generality of the foregoing, the Committee may require an opinion of counsel acceptable to it to the effect that any subsequent transfer of Units acquired on exercise of the Option does not violate the Securities Act of 1933, as amended, and may
issue stop-transfer orders covering such Units. 
  

	Section 4.4.	Tax Obligations 

 1.1 Withholding. In the event that the Company determines
that it or any Subsidiary is required to account to HM Revenue & Customs for the Option Tax Liability and any Secondary NIC Liability or to withhold any other tax as a result of the exercise of this Option, the Optionee, as a condition to
the exercise of the Option, shall make arrangements satisfactory to the Company to enable it or any Subsidiary to satisfy all withholding liabilities. The Optionee shall also make arrangements satisfactory to the Company to enable it to satisfy any
withholding requirements that may arise in connection with the vesting or disposition of Units purchased by exercising this Option. 
 1.2
Tax Consultation. Optionee understands that he or she may suffer adverse tax consequences as a result of Optionee’s purchase or disposition of the Units. Optionee represents that he or she will consult with any tax advisors Optionee
deems appropriate in connection with the purchase or disposition of the Units and that Optionee is not relying on the Company or any Affiliate for any tax advice. 

1.3 Section 431 Election. As a further condition of the exercise of this Option, the Optionee shall have signed Section 431
Elections in the form set out at Appendix 1 and Appendix 2 or in such other form as may be determined by HM Revenue & Customs from time to time. 

1.4 Employer’s National Insurance Charges. As a further condition of the exercise of an Option under the Plan the Optionee shall
join with the Company or any other company or person who is or becomes a Secondary Contributor in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole of any Secondary NIC Liability. 

1.5 Optionee’s Tax Indemnity. 
  

	 	(i)	Indemnity. To the extent permitted by law, the Optionee hereby agrees to indemnify and keep indemnified the Company, and the Company as trustee for and on behalf of any related corporation, for any Option
Tax Liability and Secondary NIC Liability. 

  

	 	(ii)	 No Obligation to Issue Units. The Company shall not be obliged to allot, issue or transfer any Units or any interest in Units pursuant to the
exercise of this Option unless and until the Optionee has paid to the Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against 

  
 6 

	 	
the Option Tax Liability and the Secondary NIC Liability, or the Optionee has made such other arrangement as in the opinion of the Company will ensure that the full amount of any Option Tax
Liability and any Secondary NIC Liability will be recovered from the Optionee within such period as the Company may then determine. 

  

	 	(iii)	Right of Retention. In the absence of any such other arrangement being made, the Company shall have the right to retain out of the aggregate number of Units to which the Optionee would have otherwise been
entitled upon the exercise of this Option, such number of Units as, in the opinion of the Company, will enable the Company to sell as agent for the Optionee (at the best price which can reasonably expect to be obtained at the time of the sale) and
to pay over to the Company sufficient monies out of the net proceeds of sale, after deduction of all fees, commissions and expenses incurred in relation to such sale, to satisfy the Optionee’s liability under such indemnity. 

 

	Section 4.5.	Conditions to Issuance of Units 

 The Company shall not be required to record the ownership by the
Optionee of Units purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions: 

(a) the obtaining of approval or other clearance from any federal, state, local or non-U.S. governmental agency which the Committee shall, in
its reasonable and good faith discretion, determine to be necessary or advisable; 
 (b) the lapse of such reasonable period of time
following the exercise of the Option as the Committee may from time to time establish for reasons of administrative convenience or as may otherwise be required by applicable law; and 

(c) the execution and delivery of the Management Equityholder’s Agreement. 

 

	Section 4.6.	Rights as Unitholder, Member 

 The Optionee shall not be, and shall not have any of the rights or
privileges of, Unitholders or Members of the Company in respect of any Units purchasable upon exercise of the Option or any portion thereof unless and until a book entry representing such Units has been made on the books and records of the Company
and the Optionee has been admitted as a Member pursuant to the terms of the LLC Agreement; provided, however, that the Optionee shall be deemed to be admitted as a Member, retroactive to the date of exercise, once the criteria contained in
Sections 4.3, 4.4, and 4.5 hereof have been satisfied. 
  

	Section 4.7.	Initial Public Offering 

 In the event of an IPO, the Committee in its sole discretion and without
liability to, or the consent or approval of, any Person may provide that all outstanding Options, whether vested or unvested, be converted into options exercisable into or awards based upon, as the case may be, the securities being offered to the
public in such IPO. 

  
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 ARTICLE V

MISCELLANEOUS 
  

	Section 5.1.	Data Protection 

  

	 	(a)	By entering into this Unit Option Agreement, and as a condition of the grant of the Option, Optionee consents to the collection, use, and transfer of personal data as described in this paragraph to the full extent
permitted by and in full compliance with applicable laws. 

  

	 	(i)	Optionee understands that the Company and its Subsidiaries hold Data about the Optionee for the purpose of managing and administering the Plan. 

 

	 	(ii)	Optionee further understands that the Company and/or its Subsidiaries will transfer Data among themselves as necessary for the purposes of implementation, administration, and management of Optionee’s participation
in the Plan, and that the Company and/or its Subsidiary may each further transfer Data to any Data Recipients. 

  

	 	(iii)	Optionee understands that these Data Recipients may be located in Optionee’s country of residence or elsewhere, such as the United States. Optionee authorises the Data Recipients to receive, possess, use, retain,
and transfer Data in electronic or other form, for the purposes of implementing, administering, and managing Optionee’s participation in the Plan, including any transfer of such Data, as may be required for the administration of the Plan and/or
the subsequent holding of Units on Optionee’s behalf, to a broker or third party with whom the Units acquired on exercise may be deposited. Where the transfer is to be to a destination outside the European Economic Area, the Company shall take
reasonable steps to ensure that the Optionee’s personal data continues to be adequately protected and securely held. 

  

	 	(iv)	Optionee understands that Optionee may, at any time, review the Data, request that any necessary amendments be made to it, or withdraw Optionee’s consent herein in writing by contacting the Company. Optionee
further understands that withdrawing consent may affect Optionee’s ability to participate in the Plan. 

  

	Section 5.2.	Additional Terms 

 a) Optionee has no right to compensation or damages for any
loss in respect of the Option where such loss arises (or is claimed to arise), in whole or in part, from the termination of Optionee’s employment; or notice to terminate employment given by or to Optionee. This exclusion of liability shall
apply however termination of employment, or the giving of notice, is caused other than in a case where a competent tribunal or court, from which there can be no appeal (or which the relevant employing company has decided not to appeal), has found
that the cessation of the Optionee’s employment amounted to unfair or constructive dismissal of Optionee and however compensation or damages may be claimed. 

  
 8 

 b) Optionee has no right to compensation or damages for any loss in respect of an Option where
such loss arises (or is claimed to arise), in whole or in part, from any company ceasing to be a Subsidiary of the Company; or the transfer of any business from a Subsidiary of the Company to any person which is not a Subsidiary of the Company. This
exclusion of liability shall apply however the change of status of the relevant company, or the transfer of the relevant business, is caused, and however compensation or damages may be claimed. 

 

	Section 5.3.	Notices 

 Any notice to be given under the terms of this Agreement to the Company shall be
addressed to the Company in care of the Secretary, and any notice to be given to the Optionee shall be addressed to the Optionee at the address set forth in the Company’s books and records. By a notice given pursuant to this Section 5.3,
either party may hereafter designate a different address for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal
representative if such representative has previously informed the Company of the representative’s status and address by written notice under this Section 5.3. Any notice shall have been deemed duly given as set forth in Section 10.4
of the LLC Agreement. 
  

	Section 5.4.	Survival of Terms; Conflicts 

 The Option and the Units issued to the Optionee upon exercise of
the Option shall be subject to all of the terms and provisions of the Plan and the LLC Agreement, to the extent applicable to the Option and such Units. In the event of any conflict between this Agreement or the Plan and the LLC Agreement, the terms
of the Plan and LLC Agreement, respectively, shall control. The provisions of the Agreement shall survive the termination of the Agreement to the extent consistent with, or necessary to carry out, the purposes thereof. In the event of any conflict
between this Agreement and the Management Equityholder’s Agreement, the Management Equityholder’s Agreement shall control. 
  

	Section 5.5.	Amendment 

 Subject to Section 10 of the Plan, this Agreement may be amended only by a
writing executed by the parties hereto, which specifically states that it is amending this Agreement. 
  

	Section 5.6.	Governing Law 

 This Agreement shall be governed in all respects by the laws of the State of
Delaware, without giving effect to the principal of conflict of laws. The Joint Election and Section 431 Election shall be governed by the laws of England and Wales. 
  

	Section 5.7.	Section Headings; Construction 

 The section headings contained herein are for the purpose of
convenience only and are not intended to define or limit the contents of the sections. All words used in this Agreement shall be construed to be of such gender or number, as the circumstances require. Unless otherwise expressly provided, the word
“including” does not limit the preceding words or terms. 
  

	Section 5.8.	Severability; Entire Agreement 

 In the event any provision of the Agreement shall be held by a
court of competent jurisdiction to be illegal, invalid or unenforceable for any reason, the illegality, invalidity or unenforceability shall not affect 

  
 9 

 
the remaining provisions of the Agreement and such illegal, invalid or unenforceable provision shall be deemed modified as it such provision had not been included. 

 

	Section 5.9.	No Right of Employment or Service 

 Nothing contained herein shall confer on the Optionee any
right to be continued in the employ or service of the Company and/or any Affiliate, constitute any contract or agreement of employment or other service or affect an employee’s status as an at-will employee, nor shall anything contained herein
affect any rights which the Company and/or an Affiliate may have to change an Optionee’s compensation or other benefits or terminate such person’s employment or association with the Company and/or its Affiliate for any reason (with or
without Cause, with or without compensation) at any time. 
  

	Section 5.10.	Counterparts 

 This Agreement may be signed in counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 [See Master Signature Page for
counterpart signature] 

  
 10 

 APPENDIX 1 

SECTION 431 ELECTION 

(For Units in Desert Newco, LLC) 

  
 11 

 APPENDIX 2 

SECTION 431 ELECTION 

(For Units in Desert Newco Managers, LLC) 

  
 12

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