Document:

Exhibit 4.3

 

Web.com Group,
Inc.

 

and

 

_____________,
As Warrant Agent

 

Form Of Common
Stock

Warrant Agreement

 

Dated As Of __________

 

    	 

    	 

    

  

WEB.COM GROUP, INC.

 

FORM OF COMMON STOCK WARRANT
AGREEMENT

 

This
Common Stock Warrant Agreement (this “Agreement”), dated as of [●], between Web.com
Group, Inc., a Delaware corporation (the “Company”) and [●], a [corporation] [national
banking association] organized and existing under the laws of [●] and having a corporate trust office in [●], as warrant
agent (the “Warrant Agent”).

 

Whereas,
the Company proposes to sell [If Warrants are sold with other securities — [title of such other securities
being offered] (the “Other Securities”) with] warrant certificates evidencing one or more warrants (the
“Warrants” or, individually, a “Warrant”) representing the right to purchase
Common Stock of the Company, par value $0.001 per share (the “Warrant Securities”), such warrant certificates
and other warrant certificates issued pursuant to this Agreement being herein called the “Warrant Certificates”;
and

 

Whereas,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in
connection with the issuance, registration, transfer, exchange, exercise and replacement of the Warrant Certificates, and in this
Agreement wishes to set forth, among other things, the form and provisions of the Warrant Certificates and the terms and conditions
on which they may be issued, registered, transferred, exchanged, exercised and replaced.

 

Now
Therefore, in consideration of the premises and of the mutual agreements herein contained, the parties hereto agree
as follows:

 

Article
1

 

ISSUANCE OF WARRANTS AND
EXECUTION AND

DELIVERY OF WARRANT CERTIFICATES

 

1.1           Issuance
Of Warrants. [If Warrants alone —Upon issuance, each Warrant Certificate shall evidence one or more Warrants.]
[If Other Securities and Warrants —Warrant Certificates will be issued in connection with the issuance of the
Other Securities but shall be separately transferable and each Warrant Certificate shall evidence one or more Warrants.] Each Warrant
evidenced thereby shall represent the right, subject to the provisions contained herein and therein, to purchase one Warrant Security.
[If Other Securities and Warrants —Warrant Certificates will be issued with the Other Securities and each
Warrant Certificate will evidence [●] Warrants for each [$[●] principal amount] [[●] shares] of Other Securities
issued.]

 

1.2           Execution
And Delivery Of Warrant Certificates. Each Warrant Certificate, whenever issued, shall be in registered form substantially
in the form set forth in Exhibit A hereto, shall be dated the date of its countersignature by the Warrant Agent and may
have such letters, numbers, or other marks of identification or designation and such legends or endorsements printed, lithographed
or engraved thereon as the officers of the Company executing the same may approve (execution thereof to be conclusive evidence
of such approval) and as are not inconsistent with the provisions of this Agreement, or as may be required to comply with any law
or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which the Warrants
may be listed, or to conform to usage. The Warrant Certificates shall be signed on behalf of the Company by any of its present
or future chief executive officers, presidents, senior vice presidents, vice presidents, chief financial officers, chief legal
officers, treasurers, assistant treasurers, controllers, assistant controllers, secretaries or assistant secretaries under its
corporate seal reproduced thereon. Such signatures may be manual or facsimile signatures of such authorized officers and may be
imprinted or otherwise reproduced on the Warrant Certificates. The seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Warrant Certificates.

 

    	1.

    	 

    

 

No Warrant Certificate
shall be valid for any purpose, and no Warrant evidenced thereby shall be exercisable, until such Warrant Certificate has been
countersigned by the manual signature of the Warrant Agent. Such signature by the Warrant Agent upon any Warrant Certificate executed
by the Company shall be conclusive evidence that the Warrant Certificate so countersigned has been duly issued hereunder.

 

In case any officer of
the Company who shall have signed any of the Warrant Certificates either manually or by facsimile signature shall cease to be such
officer before the Warrant Certificates so signed shall have been countersigned and delivered by the Warrant Agent, such Warrant
Certificates may be countersigned and delivered notwithstanding that the person who signed such Warrant Certificates ceased to
be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by such persons as, at the actual
date of the execution of such Warrant Certificate, shall be the proper officers of the Company, although at the date of the execution
of this Agreement any such person was not such officer.

 

The term “holder”
or “holder of a Warrant Certificate” as used herein shall mean any person in whose name at the time any
Warrant Certificate shall be registered upon the books to be maintained by the Warrant Agent for that purpose.

 

1.3           Issuance
Of Warrant Certificates. Warrant Certificates evidencing the right to purchase Warrant Securities may be executed by the Company
and delivered to the Warrant Agent upon the execution of this Warrant Agreement or from time to time thereafter. The Warrant Agent
shall, upon receipt of Warrant Certificates duly executed on behalf of the Company, countersign such Warrant Certificates and shall
deliver such Warrant Certificates to or upon the order of the Company.

 

Article
2

 

WARRANT PRICE, DURATION
AND EXERCISE OF WARRANTS

 

2.1           Warrant
Price. During the period specified in Section 2.2, each Warrant shall, subject to the terms of this Warrant Agreement and the
applicable Warrant Certificate, entitle the holder thereof to purchase the number of Warrant Securities specified in the applicable
Warrant Certificate at an exercise price of $[●] per Warrant Security, subject to adjustment upon the occurrence of certain
events, as hereinafter provided. Such purchase price per Warrant Security is referred to in this Agreement as the “Warrant
Price.”

 

2.2           Duration
Of Warrants. Each Warrant may be exercised in whole or in part at any time, as specified herein, on or after [the date thereof]
[●] and at or before [●] p.m., [City] time, on [●] or such later date as the Company may designate by notice
to the Warrant Agent and the holders of Warrant Certificates mailed to their addresses as set forth in the record books of the
Warrant Agent (the “Expiration Date”). Each Warrant not exercised at or before [●] p.m., [City]
time, on the Expiration Date shall become void, and all rights of the holder of the Warrant Certificate evidencing such Warrant
under this Agreement shall cease.

 

    	2.

    	 

    

 

2.3         Exercise
Of Warrants.

 

(a)          During
the period specified in Section 2.2, the Warrants may be exercised to purchase a whole number of Warrant Securities in registered
form by providing certain information as set forth on the reverse side of the Warrant Certificate and by paying in full, in lawful
money of the United States of America, [in cash or by certified check or official bank check in New York Clearing House funds]
[by bank wire transfer in immediately available funds] the Warrant Price for each Warrant Security with respect to which a Warrant
is being exercised to the Warrant Agent at its corporate trust office, provided that such exercise is subject to receipt within
five business days of such payment by the Warrant Agent of the Warrant Certificate with the form of election to purchase Warrant
Securities set forth on the reverse side of the Warrant Certificate properly completed and duly executed. The date on which payment
in full of the Warrant Price is received by the Warrant Agent shall, subject to receipt of the Warrant Certificate as aforesaid,
be deemed to be the date on which the Warrant is exercised; provided, however, that if, at the date of receipt of such Warrant
Certificates and payment in full of the Warrant Price, the transfer books for the Warrant Securities purchasable upon the exercise
of such Warrants shall be closed, no such receipt of such Warrant Certificates and no such payment of such Warrant Price shall
be effective to constitute the person so designated to be named as the holder of record of such Warrant Securities on such date,
but shall be effective to constitute such person as the holder of record of such Warrant Securities for all purposes at the opening
of business on the next succeeding day on which the transfer books for the Warrant Securities purchasable upon the exercise of
such Warrants shall be opened, and the certificates for the Warrant Securities in respect of which such Warrants are then exercised
shall be issuable as of the date on such next succeeding day on which the transfer books shall next be opened, and until such date
the Company shall be under no duty to deliver any certificate for such Warrant Securities. The Warrant Agent shall deposit all
funds received by it in payment of the Warrant Price in an account of the Company maintained with it and shall advise the Company
by telephone at the end of each day on which a payment for the exercise of Warrants is received of the amount so deposited to its
account. The Warrant Agent shall promptly confirm such telephone advice to the Company in writing.

 

(b)          The
Warrant Agent shall, from time to time, as promptly as practicable, advise the Company of (i) the number of Warrant Securities
with respect to which Warrants were exercised, (ii) the instructions of each holder of the Warrant Certificates evidencing such
Warrants with respect to delivery of the Warrant Securities to which such holder is entitled upon such exercise, (iii) delivery
of Warrant Certificates evidencing the balance, if any, of the Warrants for the remaining Warrant Securities after such exercise,
and (iv) such other information as the Company shall reasonably require.

 

(c)          As
soon as practicable after the exercise of any Warrant, the Company shall issue to or upon the order of the holder of the Warrant
Certificate evidencing such Warrant the Warrant Securities to which such holder is entitled, in fully registered form, registered
in such name or names as may be directed by such holder. If fewer than all of the Warrants evidenced by such Warrant Certificate
are exercised, the Company shall execute, and an authorized officer of the Warrant Agent shall manually countersign and deliver,
a new Warrant Certificate evidencing Warrants for the number of Warrant Securities remaining unexercised.

 

(d)          The
Company shall not be required to pay any stamp or other tax or other governmental charge required to be paid in connection with
any transfer involved in the issue of the Warrant Securities, and in the event that any such transfer is involved, the Company
shall not be required to issue or deliver any Warrant Security until such tax or other charge shall have been paid or it has been
established to the Company’s satisfaction that no such tax or other charge is due.

 

    	3.

    	 

    

 

(e)          Prior
to the issuance of any Warrants there shall have been reserved, and the Company shall at all times through the Expiration Date
keep reserved, out of its authorized but unissued Warrant Securities, a number of shares sufficient to provide for the exercise
of the Warrants.

 

Article
3

 

OTHER PROVISIONS RELATING
TO RIGHTS OF HOLDERS OF

WARRANT CERTIFICATES

 

3.1         No
Rights As Warrant Securityholder Conferred By Warrants Or Warrant Certificates. No Warrant Certificate or Warrant evidenced
thereby shall entitle the holder thereof to any of the rights of a holder of Warrant Securities, including, without limitation,
the right to receive the payment of dividends or distributions, if any, on the Warrant Securities or to exercise any voting rights,
except to the extent expressly set forth in this Agreement or the applicable Warrant Certificate.

 

3.2         Lost,
Stolen, Mutilated Or Destroyed Warrant Certificates. Upon receipt by the Warrant Agent of evidence reasonably satisfactory
to it and the Company of the ownership of and the loss, theft, destruction or mutilation of any Warrant Certificate and/or indemnity
reasonably satisfactory to the Warrant Agent and the Company and, in the case of mutilation, upon surrender of the mutilated Warrant
Certificate to the Warrant Agent for cancellation, then, in the absence of notice to the Company or the Warrant Agent that such
Warrant Certificate has been acquired by a bona fide purchaser, the Company shall execute, and an authorized officer of the Warrant
Agent shall manually countersign and deliver, in exchange for or in lieu of the lost, stolen, destroyed or mutilated Warrant Certificate,
a new Warrant Certificate of the same tenor and evidencing Warrants for a like number of Warrant Securities. Upon the issuance
of any new Warrant Certificate under this Section 3.2, the Company may require the payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of
the Warrant Agent) in connection therewith. Every substitute Warrant Certificate executed and delivered pursuant to this Section
3.2 in lieu of any lost, stolen or destroyed Warrant Certificate shall represent an additional contractual obligation of the Company,
whether or not the lost, stolen or destroyed Warrant Certificate shall be at any time enforceable by anyone, and shall be entitled
to the benefits of this Agreement equally and proportionately with any and all other Warrant Certificates duly executed and delivered
hereunder. The provisions of this Section 3.2 are exclusive and shall preclude (to the extent lawful) all other rights and remedies
with respect to the replacement of mutilated, lost, stolen or destroyed Warrant Certificates.

 

3.3         Holder
Of Warrant Certificate May Enforce Rights. Notwithstanding any of the provisions of this Agreement, any holder of a Warrant
Certificate, without the consent of the Warrant Agent, the holder of any Warrant Securities or the holder of any other Warrant
Certificate, may, in such holder’s own behalf and for such holder’s own benefit, enforce, and may institute and maintain
any suit, action or proceeding against the Company suitable to enforce, or otherwise in respect of, such holder’s right to
exercise the Warrants evidenced by such holder’s Warrant Certificate in the manner provided in such holder’s Warrant
Certificate and in this Agreement.

 

3.4         Adjustments.

 

(a)          In
case the Company shall at any time subdivide its outstanding shares of Common Stock into a greater number of shares, the Warrant
Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Warrant Securities purchasable
under the Warrants shall be proportionately increased. Conversely, in case the outstanding shares of Common Stock of the Company
shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall be proportionately
increased and the number of Warrant Securities purchasable under the Warrants shall be proportionately decreased.

 

    	4.

    	 

    

 

(b)          If
at any time or from time to time the holders of Common Stock (or any shares of stock or other securities at the time receivable
upon the exercise of the Warrants) shall have received or become entitled to receive, without payment therefore,

 

(i)          Common
Stock or any shares of stock or other securities which are at any time directly or indirectly convertible into or exchangeable
for Common Stock, or any rights or options to subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend
or other distribution;

 

(ii)         any
cash paid or payable otherwise than as a cash dividend paid or payable out of the Company’s current or retained earnings;

 

(iii)        any
evidence of the Company’s indebtedness or rights to subscribe for or purchase the Company’s indebtedness; or

 

(iv)        Common
Stock or additional stock or other securities or property (including cash) by way of spinoff, split-up, reclassification, combination
of shares or similar corporate rearrangement (other than shares of Common Stock issued as a stock split or adjustments in respect
of which shall be covered by the terms of Section 3.4(a) above), then and in each such case, the holder of each Warrant shall,
upon the exercise of the Warrant, be entitled to receive, in addition to the number of Warrant Securities receivable thereupon,
and without payment of any additional consideration therefore, the amount of stock and other securities and property (including
cash and indebtedness or rights to subscribe for or purchase indebtedness) which such holder would hold on the date of such exercise
had he been the holder of record of such Warrant Securities as of the date on which holders of Common Stock received or became
entitled to receive such shares or all other additional stock and other securities and property.

 

(c)          In
case of (i) any reclassification, capital reorganization, or change in the Common Stock of the Company (other than as a result
of a subdivision, combination, or stock dividend provided for in Section 3.4(a) or Section 3.4(b) above), (ii) share exchange,
merger or similar transaction of the Company with or into another person or entity (other than a share exchange, merger or similar
transaction in which the Company is the acquiring or surviving corporation and which does not result in any change in the Common
Stock other than the issuance of additional shares of Common Stock) or (iii) the sale, exchange, lease, transfer or other disposition
of all or substantially all of the properties and assets of the Company as an entirety (in any such case, a “Reorganization
Event”), then, as a condition of such Reorganization Event, lawful provisions shall be made, and duly executed documents
evidencing the same from the Company or its successor shall be delivered to the holders of the Warrants, so that the holders of
the Warrants shall have the right at any time prior to the expiration of the Warrants to purchase, at a total price equal to that
payable upon the exercise of the Warrants, the kind and amount of shares of stock and other securities and property receivable
in connection with such Reorganization Event by a holder of the same number of Warrant Securities as were purchasable by the holders
of the Warrants immediately prior to such Reorganization Event. In any such case appropriate provisions shall be made with respect
to the rights and interests of the holders of the Warrants so that the provisions hereof shall thereafter be applicable with respect
to any shares of stock or other securities and property deliverable upon exercise the Warrants, and appropriate adjustments shall
be made to the Warrant Price payable hereunder provided the aggregate purchase price shall remain the same. In the case of any
transaction described in clauses (ii) and (iii) above, the Company shall thereupon be relieved of any further obligation hereunder
or under the Warrants, and the Company as the predecessor corporation may thereupon or at any time thereafter be dissolved, wound
up or liquidated. Such successor or assuming entity thereupon may cause to be signed, and may issue either in its own name or in
the name of the Company, any or all of the Warrants issuable hereunder which heretofore shall not have been signed by the Company,
and may execute and deliver securities in its own name, in fulfillment of its obligations to deliver Warrant Securities upon exercise
of the Warrants. All the Warrants so issued shall in all respects have the same legal rank and benefit under this Agreement as
the Warrants theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Warrants had
been issued at the date of the execution hereof. In any case of any such Reorganization Event, such changes in phraseology and
form (but not in substance) may be made in the Warrants thereafter to be issued as may be appropriate. The Warrant Agent may receive
a written opinion of legal counsel as conclusive evidence that any such Reorganization Event complies with the provisions of this
Section 3.4.

 

    	5.

    	 

    

 

(d)          The
Company may, at its option, at any time until the Expiration Date, reduce the then current Warrant Price to any amount deemed appropriate
by the Board of Directors of the Company for any period not exceeding twenty consecutive days (as evidenced in a resolution adopted
by such Board of Directors), but only upon giving the notices required by Section 3.5 at least ten days prior to taking such action.

 

(e)          Except
as herein otherwise expressly provided, no adjustment in the Warrant Price shall be made by reason of the issuance of shares of
Common Stock, or securities convertible into or exchangeable for shares of Common Stock, or securities carrying the right to purchase
any of the foregoing or for any other reason whatsoever.

 

(f)          No
fractional Warrant Securities shall be issued upon the exercise of Warrants. If more than one Warrant shall be exercised at one
time by the same holder, the number of full Warrant Securities which shall be issuable upon such exercise shall be computed on
the basis of the aggregate number of Warrant Securities purchased pursuant to the Warrants so exercised. Instead of any fractional
Warrant Security which would otherwise be issuable upon exercise of any Warrant, the Company shall pay a cash adjustment in respect
of such fraction in an amount equal to the same fraction of the last reported sale price (or bid price if there were no sales)
per Warrant Security, in either case as reported on the principal registered national securities exchange on which the Warrant
Securities are listed or admitted to trading on the business day that next precedes the day of exercise or, if the Warrant Securities
are not then listed or admitted to trading on any registered national securities exchange, the average of the closing high bid
and low asked prices as reported on the OTC Bulletin Board Service (the “OTC Bulletin Board”) operated
by the Financial Industry Regulatory Authority, Inc. (“FINRA” ) or, if not available on the OTC Bulletin
Board, then the average of the closing high bid and low asked prices as reported on any other U.S. quotation medium or inter-dealer
quotation system on such date, or if on any such date the Warrant Securities are not listed or admitted to trading on a registered
national securities exchange, are not included in the OTC Bulletin Board, and are not quoted on any other U.S. quotation medium
or inter-dealer quotation system, an amount equal to the same fraction of the average of the closing bid and asked prices as furnished
by any FINRA member firm selected from time to time by the Company for that purpose at the close of business on the business day
that next precedes the day of exercise.

 

(g)          Whenever
the Warrant Price then in effect is adjusted as herein provided, the Company shall mail to each holder of the Warrants at such
holder’s address as it shall appear on the books of the Company a statement setting forth the adjusted Warrant Price then
and thereafter effective under the provisions hereof, together with the facts, in reasonable detail, upon which such adjustment
is based.

 

    	6.

    	 

    

 

3.5         Notice
To Warrantholders. In case the Company shall (a) effect any dividend or distribution described in Section 3.4(b), (b) effect
any Reorganization Event, (c) make any distribution on or in respect of the Common Stock in connection with the dissolution, liquidation
or winding up of the Company, or (d) reduce the then current Warrant Price pursuant to Section 3.4(d), then the Company shall mail
to each holder of Warrants at such holder’s address as it shall appear on the books of the Warrant Agent, at least ten days
prior to the applicable date hereinafter specified, a notice stating (x) the record date for such dividend or distribution, or,
if a record is not to be taken, the date as of which the holders of record of Common Stock that will be entitled to such dividend
or distribution are to be determined, (y) the date on which such Reorganization Event, dissolution, liquidation or winding up is
expected to become effective, and the date as of which it is expected that holders of Common Stock of record shall be entitled
to exchange their shares of Common Stock for securities or other property deliverable upon such Reorganization Event, dissolution,
liquidation or winding up, or (z) the first date on which the then current Warrant Price shall be reduced pursuant to Section 3.4(d).
No failure to mail such notice nor any defect therein or in the mailing thereof shall affect any such transaction or any adjustment
in the Warrant Price required by Section 3.4.

 

3.6         [If
The Warrants Are Subject To Acceleration By The Company, Insert — Acceleration Of Warrants By The Company.

 

(a)          At
any time on or after [●], the Company shall have the right to accelerate any or all Warrants at any time by causing them
to expire at the close of business on the day next preceding a specified date (the “Acceleration Date”),
if the Market Price (as hereinafter defined) of the Common Stock equals or exceeds [●] percent ([●]%) of the then effective
Warrant Price on any twenty Trading Days (as hereinafter defined) within a period of thirty consecutive Trading Days ending no
more than five Trading Days prior to the date on which the Company gives notice to the Warrant Agent of its election to accelerate
the Warrants.

 

(b)          “Market
Price” for each Trading Day shall be, if the Common Stock is listed or admitted to trading on any registered national
securities exchange, the last reported sale price, regular way (or, if no such price is reported, the average of the reported closing
bid and asked prices, regular way) of Common Stock, in either case as reported on the principal registered national securities
exchange on which the Common Stock is listed or admitted to trading or, if not listed or admitted to trading on any registered
national securities exchange, the average of the closing high bid and low asked prices as reported on the OTC Bulletin Board operated
by FINRA, or if not available on the OTC Bulletin Board, then the average of the closing high bid and low asked prices as reported
on any other U.S. quotation medium or inter-dealer quotation system, or if on any such date the shares of Common Stock are not
listed or admitted to trading on a registered national securities exchange, are not included in the OTC Bulletin Board, and are
not quoted on any other U.S. quotation medium or inter-dealer quotation system, the average of the closing bid and asked prices
as furnished by any FINRA member firm selected from time to time by the Company for that purpose. “Trading Day”
shall be each Monday through Friday, other than any day on which securities are not traded in the system or on the exchange that
is the principal market for the Common Stock, as determined by the Board of Directors of the Company.

 

(c)          In
the event of an acceleration of less than all of the Warrants, the Warrant Agent shall select the Warrants to be accelerated by
lot, pro rata or in such other manner as it deems, in its discretion, to be fair and appropriate.

 

(d)          Notice
of an acceleration specifying the Acceleration Date shall be sent by mail first class, postage prepaid, to each registered holder
of a Warrant Certificate representing a Warrant accelerated at such holder’s address appearing on the books of the Warrant
Agent not more than sixty days nor less than thirty days before the Acceleration Date. Such notice of an acceleration also shall
be given no more than twenty days, and no less than ten days, prior to the mailing of notice to registered holders of Warrants
pursuant to this Section 3.6, by publication at least once in a newspaper of general circulation in the City of New York.

 

    	7.

    	 

    

 

(e)          Any
Warrant accelerated may be exercised until [●] p.m., [City] time, on the business day next preceding the Acceleration Date.
The Warrant Price shall be payable as provided in Section 2.]

 

Article
4

 

EXCHANGE AND TRANSFER OF
WARRANT CERTIFICATES

 

4.1         Exchange
And Transfer Of Warrant Certificates. Upon surrender at the corporate trust office of the Warrant Agent, Warrant Certificates
evidencing Warrants may be exchanged for Warrant Certificates in other denominations evidencing such Warrants or the transfer thereof
may be registered in whole or in part; provided that such other Warrant Certificates evidence Warrants for the same aggregate number
of Warrant Securities as the Warrant Certificates so surrendered. The Warrant Agent shall keep, at its corporate trust office,
books in which, subject to such reasonable regulations as it may prescribe, it shall register Warrant Certificates and exchanges
and transfers of outstanding Warrant Certificates, upon surrender of the Warrant Certificates to the Warrant Agent at its corporate
trust office for exchange or registration of transfer, properly endorsed or accompanied by appropriate instruments of registration
of transfer and written instructions for transfer, all in form satisfactory to the Company and the Warrant Agent. No service charge
shall be made for any exchange or registration of transfer of Warrant Certificates, but the Company may require payment of a sum
sufficient to cover any stamp or other tax or other governmental charge that may be imposed in connection with any such exchange
or registration of transfer. Whenever any Warrant Certificates are so surrendered for exchange or registration of transfer, an
authorized officer of the Warrant Agent shall manually countersign and deliver to the person or persons entitled thereto a Warrant
Certificate or Warrant Certificates duly authorized and executed by the Company, as so requested. The Warrant Agent shall not be
required to effect any exchange or registration of transfer which will result in the issuance of a Warrant Certificate evidencing
a Warrant for a fraction of a Warrant Security or a number of Warrants for a whole number of Warrant Securities and a fraction
of a Warrant Security. All Warrant Certificates issued upon any exchange or registration of transfer of Warrant Certificates shall
be the valid obligations of the Company, evidencing the same obligations and entitled to the same benefits under this Agreement
as the Warrant Certificate surrendered for such exchange or registration of transfer.

 

4.2         Treatment
Of Holders Of Warrant Certificates. The Company, the Warrant Agent and all other persons may treat the registered holder of
a Warrant Certificate as the absolute owner thereof for any purpose and as the person entitled to exercise the rights represented
by the Warrants evidenced thereby, any notice to the contrary notwithstanding.

 

4.3         Cancellation
Of Warrant Certificates. Any Warrant Certificate surrendered for exchange, registration of transfer or exercise of the Warrants
evidenced thereby shall, if surrendered to the Company, be delivered to the Warrant Agent and all Warrant Certificates surrendered
or so delivered to the Warrant Agent shall be promptly canceled by the Warrant Agent and shall not be reissued and, except as expressly
permitted by this Agreement, no Warrant Certificate shall be issued hereunder in exchange therefor or in lieu thereof. The Warrant
Agent shall deliver to the Company from time to time or otherwise dispose of canceled Warrant Certificates in a manner satisfactory
to the Company.

 

    	8.

    	 

    

 

Article
5

 

CONCERNING THE WARRANT
AGENT

 

5.1         Warrant
Agent. The Company hereby appoints [●] as Warrant Agent of the Company in respect of the Warrants and the Warrant Certificates
upon the terms and subject to the conditions herein set forth, and [●] hereby accepts such appointment. The Warrant Agent
shall have the powers and authority granted to and conferred upon it in the Warrant Certificates and hereby and such further powers
and authority to act on behalf of the Company as the Company may hereafter grant to or confer upon it. All of the terms and provisions
with respect to such powers and authority contained in the Warrant Certificates are subject to and governed by the terms and provisions
hereof.

 

5.2         Conditions
Of Warrant Agent’s Obligations. The Warrant Agent accepts its obligations herein set forth upon the terms and conditions
hereof, including the following to all of which the Company agrees and to all of which the rights hereunder of the holders from
time to time of the Warrant Certificates shall be subject:

 

(a)          Compensation
And Indemnification. The Company agrees promptly to pay the Warrant Agent the compensation to be agreed upon with the Company
for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for reasonable out-of-pocket expenses (including
reasonable counsel fees) incurred without negligence, bad faith or willful misconduct by the Warrant Agent in connection with the
services rendered hereunder by the Warrant Agent. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless
against, any loss, liability or expense incurred without negligence, bad faith or willful misconduct on the part of the Warrant
Agent, arising out of or in connection with its acting as Warrant Agent hereunder, including the reasonable costs and expenses
of defending against any claim of such liability.

 

(b)          Agent
For The Company. In acting under this Warrant Agreement and in connection with the Warrant Certificates, the Warrant Agent
is acting solely as agent of the Company and does not assume any obligations or relationship of agency or trust for or with any
of the holders of Warrant Certificates or beneficial owners of Warrants.

 

(c)          Counsel.
The Warrant Agent may consult with counsel satisfactory to it, which may include counsel for the Company, and the written advice
of such counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by
it hereunder in good faith and in accordance with the advice of such counsel.

 

(d)          Documents.
The Warrant Agent shall be protected and shall incur no liability for or in respect of any action taken or omitted by it in
reliance upon any Warrant Certificate, notice, direction, consent, certificate, affidavit, statement or other paper or document
reasonably believed by it to be genuine and to have been presented or signed by the proper parties.

 

(e)          Certain
Transactions. The Warrant Agent, and its officers, directors and employees, may become the owner of, or acquire any interest
in, Warrants, with the same rights that it or they would have if it were not the Warrant Agent hereunder, and, to the extent permitted
by applicable law, it or they may engage or be interested in any financial or other transaction with the Company and may act on,
or as depositary, trustee or agent for, any committee or body of holders of Warrant Securities or other obligations of the Company
as freely as if it were not the Warrant Agent hereunder. Nothing in this Warrant Agreement shall be deemed to prevent the Warrant
Agent from acting as trustee under any indenture to which the Company is a party.

 

    	9.

    	 

    

 

(f)          No
Liability For Interest. Unless otherwise agreed with the Company, the Warrant Agent shall have no liability for interest on
any monies at any time received by it pursuant to any of the provisions of this Agreement or of the Warrant Certificates.

 

(g)          No
Liability For Invalidity. The Warrant Agent shall have no liability with respect to any invalidity of this Agreement or any
of the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon).

 

(h)          No
Responsibility For Representations. The Warrant Agent shall not be responsible for any of the recitals or representations herein
or in the Warrant Certificates (except as to the Warrant Agent’s countersignature thereon), all of which are made solely
by the Company.

 

(i)          No
Implied Obligations. The Warrant Agent shall be obligated to perform only such duties as are herein and in the Warrant Certificates
specifically set forth and no implied duties or obligations shall be read into this Agreement or the Warrant Certificates against
the Warrant Agent. The Warrant Agent shall not be under any obligation to take any action hereunder which may tend to involve it
in any expense or liability, the payment of which within a reasonable time is not, in its reasonable opinion, assured to it. The
Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of any of the Warrant Certificates
authenticated by the Warrant Agent and delivered by it to the Company pursuant to this Agreement or for the application by the
Company of the proceeds of the Warrant Certificates. The Warrant Agent shall have no duty or responsibility in case of any default
by the Company in the performance of its covenants or agreements contained herein or in the Warrant Certificates or in the case
of the receipt of any written demand from a holder of a Warrant Certificate with respect to such default, including, without limiting
the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise
or, except as provided in Section 6.2 hereof, to make any demand upon the Company.

 

5.3         Resignation,
Removal And Appointment Of Successors.

 

(a)          The
Company agrees, for the benefit of the holders from time to time of the Warrant Certificates, that there shall at all times be
a Warrant Agent hereunder until all the Warrants have been exercised or are no longer exercisable.

 

(b)          The
Warrant Agent may at any time resign as agent by giving written notice to the Company of such intention on its part, specifying
the date on which its desired resignation shall become effective; provided that such date shall not be less than three months after
the date on which such notice is given unless the Company otherwise agrees. The Warrant Agent hereunder may be removed at any time
by the filing with it of an instrument in writing signed by or on behalf of the Company and specifying such removal and the intended
date when it shall become effective. Such resignation or removal shall take effect upon the appointment by the Company, as hereinafter
provided, of a successor Warrant Agent (which shall be a bank or trust company authorized under the laws of the jurisdiction of
its organization to exercise corporate trust powers) and the acceptance of such appointment by such successor Warrant Agent. The
obligation of the Company under Section 5.2(a) shall continue to the extent set forth therein notwithstanding the resignation or
removal of the Warrant Agent.

 

    	10.

    	 

    

 

(c)          In
case at any time the Warrant Agent shall resign, or shall be removed, or shall become incapable of acting, or shall be adjudged
a bankrupt or insolvent, or shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted,
or under any other applicable Federal or state bankruptcy, insolvency or similar law or shall consent to the appointment of or
taking possession by a receiver, custodian, liquidator, assignee, trustee, sequestrator (or other similar official) of the Warrant
Agent or its property or affairs, or shall make an assignment for the benefit of creditors, or shall admit in writing its inability
to pay its debts generally as they become due, or shall take corporate action in furtherance of any such action, or a decree or
order for relief by a court having jurisdiction in the premises shall have been entered in respect of the Warrant Agent in an involuntary
case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or state bankruptcy, insolvency
or similar law, or a decree or order by a court having jurisdiction in the premises shall have been entered for the appointment
of a receiver, custodian, liquidator, assignee, trustee, sequestrator (or similar official) of the Warrant Agent or of its property
or affairs, or any public officer shall take charge or control of the Warrant Agent or of its property or affairs for the purpose
of rehabilitation, conservation, winding up or liquidation, a successor Warrant Agent, qualified as aforesaid, shall be appointed
by the Company by an instrument in writing, filed with the successor Warrant Agent. Upon the appointment as aforesaid of a successor
Warrant Agent and acceptance by the successor Warrant Agent of such appointment, the Warrant Agent shall cease to be Warrant Agent
hereunder.

 

(d)          Any
successor Warrant Agent appointed hereunder shall execute, acknowledge and deliver to its predecessor and to the Company an instrument
accepting such appointment hereunder, and thereupon such successor Warrant Agent, without any further act, deed or conveyance,
shall become vested with all the authority, rights, powers, trusts, immunities, duties and obligations of such predecessor with
like effect as if originally named as Warrant Agent hereunder, and such predecessor, upon payment of its charges and disbursements
then unpaid, shall thereupon become obligated to transfer, deliver and pay over, and such successor Warrant Agent shall be entitled
to receive, all monies, securities and other property on deposit with or held by such predecessor, as Warrant Agent hereunder.

 

(e)          Any
corporation into which the Warrant Agent hereunder may be merged or converted or any corporation with which the Warrant Agent may
be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Warrant Agent shall be
a party, or any corporation to which the Warrant Agent shall sell or otherwise transfer all or substantially all the assets and
business of the Warrant Agent, provided that it shall be qualified as aforesaid, shall be the successor Warrant Agent under this
Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto.

 

Article
6

 

MISCELLANEOUS

 

6.1         Amendment.
This Agreement may be amended by the parties hereto, without the consent of the holder of any Warrant Certificate, for the
purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein, or making
any other provisions with respect to matters or questions arising under this Agreement as the Company and the Warrant Agent may
deem necessary or desirable; provided that such action shall not materially adversely affect the interests of the holders of the
Warrant Certificates.

 

6.2         Notices
And Demands To The Company And Warrant Agent. If the Warrant Agent shall receive any notice or demand addressed to the Company
by the holder of a Warrant Certificate pursuant to the provisions of the Warrant Certificates, the Warrant Agent shall promptly
forward such notice or demand to the Company.

 

6.3         Addresses.
Any communication from the Company to the Warrant Agent with respect to this Agreement shall be addressed to [●], Attention:
[●] and any communication from the Warrant Agent to the Company with respect to this Agreement shall be addressed to Web.com
Group, Inc., 12808 Gran Bay Parkway West, Jacksonville, FL 32258, Attention: [●] (or such other address as shall be specified
in writing by the Warrant Agent or by the Company).

 

    	11.

    	 

    

 

6.4           Governing
Law. This Agreement and each Warrant Certificate issued hereunder shall be governed by and construed in accordance with the
laws of the State of New York.

 

6.5           Delivery
Of Prospectus. The Company shall furnish to the Warrant Agent sufficient copies of a prospectus meeting the requirements of
the Securities Act of 1933, as amended, relating to the Warrant Securities deliverable upon exercise of the Warrants (the “Prospectus”),
and the Warrant Agent agrees that upon the exercise of any Warrant, the Warrant Agent will deliver to the holder of the Warrant
Certificate evidencing such Warrant, prior to or concurrently with the delivery of the Warrant Securities issued upon such exercise,
a Prospectus. The Warrant Agent shall not, by reason of any such delivery, assume any responsibility for the accuracy or adequacy
of such Prospectus.

 

6.6           Obtaining
Of Governmental Approvals. The Company will from time to time take all action which may be necessary to obtain and keep effective
any and all permits, consents and approvals of governmental agencies and authorities and securities act filings under United States
Federal and state laws (including without limitation a registration statement in respect of the Warrants and Warrant Securities
under the Securities Act of 1933, as amended), which may be or become requisite in connection with the issuance, sale, transfer,
and delivery of the Warrant Securities issued upon exercise of the Warrants, the issuance, sale, transfer and delivery of the Warrants
or upon the expiration of the period during which the Warrants are exercisable.

 

6.7           Persons
Having Rights Under Warrant Agreement. Nothing in this Agreement shall give to any person other than the Company, the Warrant
Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

 

6.8           Headings.
The descriptive headings of the several Articles and Sections of this Agreement are inserted for convenience only and shall
not control or affect the meaning or construction of any of the provisions hereof.

 

6.9           Counterparts.
This Agreement may be executed in any number of counterparts, each of which as so executed shall be deemed to be an original,
but such counterparts shall together constitute but one and the same instrument.

 

6.10         Inspection
Of Agreement. A copy of this Agreement shall be available at all reasonable times at the principal corporate trust office of
the Warrant Agent for inspection by the holder of any Warrant Certificate. The Warrant Agent may require such holder to submit
his Warrant Certificate for inspection by it.

 

    	12.

    	 

    

 

In
Witness Whereof, the parties hereto have caused this Agreement to be duly executed all as of the day and year first
above written.

 

	 	WEB.COM GROUP, INC., as Company

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ATTEST:	 
	 	 	 

 

	 	COUNTERSIGNED
	 	 
	 	[●], as Warrant Agent

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ATTEST:	 
	 	 	 

 

[Signature
Page to Common Stock Warrant Agreement]\

 

    	13.

    	 

    

 

Exhibit
A

 

FORM OF WARRANT CERTIFICATE 

[FACE OF WARRANT CERTIFICATE]

 

	[Form of Legend if Warrants are not immediately exercisable.]	[Prior to [●] Warrants evidenced by this Warrant Certificate cannot be exercised.]

 

EXERCISABLE ONLY IF COUNTERSIGNED
BY THE WARRANT AGENT AS PROVIDED

HEREIN

 

VOID AFTER [●] P.M.,
[City] time, ON [●].

 

    	 

    	 

    

 

WEB.COM GROUP, INC.

WARRANT CERTIFICATE REPRESENTING

WARRANTS TO PURCHASE

COMMON STOCK, PAR VALUE
$0.001 PER SHARE

 

	No. [●]	[●] Warrants

 

This certifies that or
registered assigns is the registered owner of the above indicated number of Warrants, each Warrant entitling such owner to purchase,
at any time [after [●] p.m., [City] time, [on [●] and] on or before [●] p.m., [City] time, on [●] shares
of Common Stock, par value $0.001 per share (the “Warrant Securities”), of Web.com Group, Inc. (the “Company”)
on the following basis: during the period from [●], through and including [●], the exercise price per Warrant Security
will be $[●], subject to adjustment as provided in the Warrant Agreement (as hereinafter defined) (the “Warrant
Price”). The Holder may exercise the Warrants evidenced hereby by providing certain information set forth on the
back hereof and by paying in full, in lawful money of the United States of America, [in cash or by certified check or official
bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds], the Warrant Price for each
Warrant Security with respect to which this Warrant is exercised to the Warrant Agent (as hereinafter defined) and by surrendering
this Warrant Certificate, with the purchase form on the back hereof duly executed, at the corporate trust office of [name of Warrant
Agent], or its successor as warrant agent (the “Warrant Agent”), which is, on the date hereof, at the
address specified on the reverse hereof, and upon compliance with and subject to the conditions set forth herein and in the Warrant
Agreement (as hereinafter defined).

 

The term “Holder”
as used herein shall mean the person in whose name at the time this Warrant Certificate shall be registered upon the books to be
maintained by the Warrant Agent for that purpose pursuant to Section 4 of the Warrant Agreement.

 

The Warrants evidenced
by this Warrant Certificate may be exercised to purchase a whole number of Warrant Securities in registered form. Upon any exercise
of fewer than all of the Warrants evidenced by this Warrant Certificate, there shall be issued to the Holder hereof a new Warrant
Certificate evidencing Warrants for the number of Warrant Securities remaining unexercised.

 

This Warrant Certificate
is issued under and in accordance with the Warrant Agreement dated as of [●] (the “Warrant Agreement”),
between the Company and the Warrant Agent and is subject to the terms and provisions contained in the Warrant Agreement, to all
of which terms and provisions the Holder of this Warrant Certificate consents by acceptance hereof. Copies of the Warrant Agreement
are on file at the above-mentioned office of the Warrant Agent.

 

Transfer of this Warrant
Certificate may be registered when this Warrant Certificate is surrendered at the corporate trust office of the Warrant Agent by
the registered owner or such owner’s assigns, in the manner and subject to the limitations provided in the Warrant Agreement.

 

After countersignature
by the Warrant Agent and prior to the expiration of this Warrant Certificate, this Warrant Certificate may be exchanged at the
corporate trust office of the Warrant Agent for Warrant Certificates representing Warrants for the same aggregate number of Warrant
Securities.

 

This Warrant Certificate
shall not entitle the Holder hereof to any of the rights of a holder of the Warrant Securities, including, without limitation,
the right to receive payments of dividends or distributions, if any, on the Warrant Securities (except to the extent set forth
in the Warrant Agreement) or to exercise any voting rights.

 

    	 

    	 

    

 

Reference is hereby made
to the further provisions of this Warrant Certificate set forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

 

This Warrant Certificate
shall not be valid or obligatory for any purpose until countersigned by the Warrant Agent.

 

    	 

    	 

    

 

In
Witness Whereof, the Company has caused this Warrant to be executed in its name and on its behalf by the facsimile signatures
of its duly authorized officers.

 

	Dated:	 	 

 

	 	WEB.COM GROUP, INC., as Company

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ATTEST:	 
	 	 	 

 

	 	COUNTERSIGNED
	 	 
	 	[●], as Warrant Agent

 

	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	ATTEST:	 
	 	 	 

 

    	 

    	 

    

 

[REVERSE OF WARRANT CERTIFICATE]

 

(Instructions for Exercise
of Warrant)

 

To exercise any Warrants
evidenced hereby for Warrant Securities (as hereinafter defined), the Holder must pay, in lawful money of the United States of
America, [in cash or by certified check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately
available funds], the Warrant Price in full for Warrants exercised, to [●] [address of Warrant Agent], Attention: [●],
which payment must specify the name of the Holder and the number of Warrants exercised by such Holder. In addition, the Holder
must complete the information required below and present this Warrant Certificate in person or by mail (certified or registered
mail is recommended) to the Warrant Agent at the appropriate address set forth above. This Warrant Certificate, completed and duly
executed, must be received by the Warrant Agent within five business days of the payment.

 

(To be executed upon exercise
of Warrants)

 

The undersigned hereby
irrevocably elects to exercise [●] Warrants, evidenced by this Warrant Certificate, to purchase [●] shares of the Common
Stock, par value $0.001 per share (the “Warrant Securities”), of Web.com Group, Inc. and represents that
he has tendered payment for such Warrant Securities, in lawful money of the United States of America, [in cash or by certified
check or official bank check in New York Clearing House funds] [by bank wire transfer in immediately available funds], to the order
of Web.com Group, Inc., c/o [insert name and address of Warrant Agent], in the amount of $[●] in accordance with the terms
hereof. The undersigned requests that said Warrant Securities be in fully registered form in the authorized denominations, registered
in such names and delivered all as specified in accordance with the instructions set forth below.

 

If the number of Warrants
exercised is less than all of the Warrants evidenced hereby, the undersigned requests that a new Warrant Certificate evidencing
the Warrants for the number of Warrant Securities remaining unexercised be issued and delivered to the undersigned unless otherwise
specified in the instructions below.

 

	Dated:	 	 	Name:	 
	 	 	 	 	Please Print
	 	 	 	 	 

 

	Address:	 
	 	 
	(Insert Social Security or Other Identifying Number	 
	of Holder)	 

 

	Signature Guaranteed:	 	 
	 	Signature	 

 

(Signature must conform in
all respects to name of holder as specified on the face of this Warrant Certificate and must bear a signature guarantee by a FINRA
member firm).

 

This Warrant may be exercised
at the following addresses:

 

By hand at:

 

By mail at:

 

    	 

    	 

    

 

[Instructions as to form
and delivery of Warrant Securities and, if applicable, Warrant Certificates evidencing Warrants for the number of Warrant Securities
remaining unexercised—complete as appropriate.]

 

    	 

    	 

    

 

ASSIGNMENT

 

[Form of assignment to be
executed if Warrant Holder desires to transfer Warrant]

 

For
Value Received, [●] hereby sells, assigns and transfers unto:

 

	 	 	 
	(Please print name and address including zip code)	 	
        Please print Social Security
        or other identifying

        number

 

the right represented by
the within Warrant to purchase shares of [Title of Warrant Securities] of Web.com Group, Inc. to which the within Warrant relates
and appoints attorney [●] to transfer such right on the books of the Warrant Agent with full power of substitution in the
premises.

 

	Dated:	 	 	Name:	 
	 	 	 	 	Signature

 

(Signature must conform
in all respects to name of holder as specified on the face of the Warrant)

 

Signature GuaranteedExhibit
4.4

 

Stockholder
AGREEMENT

 

This
Stockholder Agreement (the “Agreement”) is entered into as of the 27th day of October, 2011,
by and among Web.com Group, Inc., a Delaware corporation (the “Company”), NWS Holdings LLC (f/k/a Net
Sol Holdings LLC), a Delaware limited liability company (“Seller”), and the entities listed on Exhibit A
hereto (such entities on Exhibit A, collectively with the Seller and their respective Permitted Transferees, are referred
to hereinafter as the “Stockholders” and each individually as a “Stockholder”).

 

Whereas,
the Seller and the Company are parties to that certain Purchase Agreement dated August 3, 2011 (the “Purchase
Agreement”), pursuant to which the Company is acquiring all of the outstanding equity interests of GA-Net Sol Parent
LLC, a Delaware limited liability company, from Seller and, as partial consideration therefor and upon the closing thereunder (the
“Closing”), is issuing to Seller shares of the Company’s Common Stock (the “Acquisition”);

 

WHEREAS, after the closing
of the Acquisition, it is anticipated that Seller will distribute to the other Stockholders listed on Exhibit A certain
shares of the Company’s Common Stock, and, to the extent not retained by Seller, the remaining shares of the Company’s
Common Stock will be distributed to the other direct and indirect equityholders of Seller (the “Other Seller Equityholders”);

 

Whereas,
the obligations to consummate the transactions contemplated by the Purchase Agreement are conditioned upon the execution
and delivery of this Agreement; and

 

Whereas,
in connection with the consummation of the Acquisition, the parties desire to enter into this Agreement to grant corporate
governance and registration rights to, and impose certain restrictions upon, the Stockholders as set forth below.

 

Now,
Therefore, in consideration of the premises and the mutual agreements and covenants hereinafter set forth, and intending
to be legally bound, the parties hereto hereby agree as follows:

 

Section
1.  GENERAL. 

 

1.1         Definitions.

 

(a)          As
used in this Agreement the following terms shall have the following respective meanings:

 

(i)          “Disclosure
Package” means (a) the preliminary prospectus, (b) each Free Writing Prospectus and (c) all other information that
is deemed, under Rule 159 under the Securities Act, to have been conveyed to purchasers of securities at the time of sale (including
a contract of sale).

 

    	1

    	 

    

  

(ii)         “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder.

 

(iii)        “FINRA”
means the Financial Industry Regulatory Authority, or any successor self-regulatory organization.

 

(iv)        “Form
S-3” means such form under the Securities Act as in effect on the date hereof or any successor or similar
registration form under the Securities Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial
information by reference to other documents filed by the Company with the SEC.

 

(v)         “Free
Writing Prospectus” means any “free writing prospectus,” as defined in Rule 405 under the Securities
Act.

 

(vi)        “Holder”
means any person owning of record Registrable Securities or any assignee of record of such Registrable Securities in accordance
with Section 3.10 hereof.

 

(vii)       “Register,”
“registered,” and “registration” refer to a registration effected
by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of effectiveness
of such registration statement or document.

 

(viii)      “Registrable
Securities” means (a) the Shares and (b) any Common Stock of the Company issued (or issuable upon the conversion
or exercise of any warrant, right or other security which is issued) as a dividend or other distribution with respect to, or in
connection with a stock split, combination of shares, recapitalization, merger, consolidation or other reorganization or otherwise
with respect to, or in exchange for or in replacement of, such above-described securities. Notwithstanding the foregoing, Registrable
Securities shall not include any securities (i) sold by a person to the public either pursuant to a registration statement or Rule
144 or (ii) sold in a private transaction in which the transferor’s rights under Section 3 of this Agreement are not assigned
in accordance with Section 3.10 hereof.

 

(ix)         “Registrable
Securities then outstanding” shall be the number of shares of the Company’s Common Stock that
are Registrable Securities and are then issued and outstanding.

 

(x)          “Registration
Expenses” shall mean all expenses incurred by the Company in, or arising from or incident with performing
or complying with Sections 3.2, 3.3 and 3.4 hereof, including, without limitation, (a) all registration and filing fees and
printing expenses, (b) fees and disbursements of counsel, accountants and any advisors for the Company, (c) reasonable fees and
disbursements not to exceed fifty thousand dollars ($50,000) per Shelf Take-Down, or per registration pursuant to Section 3.4,
of a single special counsel for the Holders, (d) all expenses in connection with the qualification of the securities to be disposed
of for offering and sale under state securities laws, including blue sky fees in connection with such qualification and in connection
with any blue sky and legal investment surveys, (e) the expense of any special audits and comfort letters incident to or required
by any such registration and (f) all expenses with respect to road shows or marketing activities that the Company is obligated
to pay pursuant to Section 3.2(b) (and excluding in all cases the compensation of regular employees of the Company which shall
be paid in any event by the Company).

 

    	2.

    	 

    

 

(xi)         “SEC”
means the Securities and Exchange Commission

 

(xii)        “Securities
Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

(xiii)       “Selling
Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale.

 

(xiv)      “Shares”
shall mean shares of the Company’s Common Stock issued to the Stockholders pursuant to the Purchase Agreement.

 

(xv)       “Special
Registration Statement” shall mean (a) a registration statement relating to any employee benefit plan or (b) with
respect to any corporate reorganization or transaction under Rule 145 of the Securities Act, any registration statements related
to the issuance or resale of securities issued in such a transaction or (c) a registration related to stock issued upon conversion
of debt securities.

 

(b)          All
capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Purchase Agreement.

 

Section
2.  CORPORATE GOVERNANCE.

 

2.1         Board
of Directors. 

 

(a)          The
Company and the Company’s Board of Directors (the “Board”) shall take, or shall cause to be taken,
but subject in each case to compliance with applicable Law and the Board’s fiduciary obligations to the Company and its stockholders,
the following actions:

 

(i)          immediately
following the Closing:

 

(A)         increase
the authorized size of the Board from six (6) directors to seven (7) directors;

 

(B)         designate
the newly created and vacant seat as part of the class of directors whose term expires in 2014 (the “Stockholder Class”);
and

 

(C)         appoint
an individual designated in writing by General Atlantic LLC or GA-NWS Investor LLC (f/k/a GA-Net Sol Investor LLC) (individually
or together, “GA”) to fill the vacancy so created (such director, hereafter the “Stockholder
Director”), to serve as a member of the Board in the Stockholder Class until the term of the Stockholder Class expires,
and until such director’s successor is elected and qualified or until the director’s death, resignation or removal;

 

(ii)         at
each annual meeting of the Company’s stockholders at which directors in the Stockholder Class are elected:

 

    	3.

    	 

    

 

(A)         nominate
an individual designated in writing by GA on or before the date that is thirty (30) days prior to the one (1)-year anniversary
of the preceding annual meeting of the Company’s stockholders, to serve on the Board in the Stockholder Class; provided,
that if GA shall fail to deliver such written notice, GA shall be deemed to have nominated the Stockholder Director previously
nominated by GA who is then serving on the Board;

 

(B)         recommend
the election of such nominee to the stockholders of the Company; and

 

(C)         otherwise
use reasonable best efforts to cause such nominee to be elected to the Board; and

 

(iii)        at
all times:

 

(A)         to
the extent required by applicable Law (including, without limitation, applicable stock exchange rules), maintain a compensation
committee with such duties and responsibilities as are customary for such committee; and

 

(B)         appoint
the Stockholder Director to the compensation committee.

 

(b)          The
Company shall reimburse the Stockholder Director for all necessary and proper costs and expenses (including travel expenses) reasonably
incurred in connection with the Stockholder Director’s attendance and participation at meetings of the Board, or any committee
thereof, to the same extent it reimburses other non-employee directors for such costs and expenses.

 

(c)          The
Stockholder Director shall serve until his or her resignation or removal or until his or her successor is nominated; provided,
that if the Stockholders are no longer entitled to nominate the Stockholder Director pursuant to Section 2.2, then the Stockholders
shall, to the extent requested by the Company, promptly cause the Stockholder Director to resign from the Board. Additionally,
each Stockholder shall cause the Stockholder Director to resign from the Board, or from service on any committee of the Board,
if at any time such Stockholder Director does not satisfy any applicable requirements of applicable Law or the NASDAQ rules for
service on the Board or such committee.

 

(d)          If
the Stockholder Director dies or is unwilling or unable to serve as such or is otherwise removed or resigns from office, then GA
shall promptly nominate a successor to the Stockholder Director. The Company agrees to take such actions as may be reasonably necessary
to ensure that such successor is elected to the Board as promptly as practicable.

 

    	4.

    	 

    

 

(e)          The
Stockholder Director, if any, shall be entitled to enter into with the Company the standard form of indemnification agreement previously
approved by the Board, and shall be entitled to indemnification rights and be subject to director and officer insurance protection
no less favorable than as other non-employee directors of the Company and in any event no less favorable than as in effect on the
date hereof; provided, that the Stockholder Director’s indemnification agreement with the Company shall provide that
(i) the Company is the indemnitor of first resort with respect to the Stockholder Director (i.e., its obligations to the Stockholder
Director are primary and any obligation of other entities and/or organizations to which such Stockholder Director may have rights
to indemnification and advancement of expenses (collectively, the “Fund Indemnitors”) to advance expenses
or to provide indemnification for the same expenses or liabilities incurred by the Stockholder Director are secondary), and (ii)
the Company irrevocably waives, relinquishes and releases the Fund Indemnitors from any and all claims against the Fund Indemnitors
for contribution, subrogation or any other recovery of any kind in respect thereof. 

 

2.2         Termination.
This Section 2 (other than Section 2.1(e)) shall terminate at such time as the Stockholders, together with their respective Affiliates,
collectively beneficially own less than ten percent (10%) of the Company’s common stock (calculated on a fully-diluted, as-converted
basis).

 

Section
3.  RESTRICTIONS
ON TRANSFER; REGISTRATION. 

 

3.1         Restrictions
on Transfer. 

 

(a)          Notwithstanding
anything in this Agreement to the contrary (including, without limitation, the availability of any effective registration statement
pertaining to the resale of the Shares by the Stockholders), but subject to Section 3.1(b) below, each Stockholder hereby agrees
that, unless otherwise specifically and expressly consented to in writing by the Company, such Stockholder shall not (i) make any
disposition of any of the Shares or Registrable Securities, by any means, until the date that is six (6) months after the date
of the Closing, and (ii) during the period from the date that is six (6) months after the date of the Closing until the date that
is one (1) year after the date of the Closing, make any disposition of more than an aggregate of twenty-five percent (25%) of the
Shares and Registrable Securities held by such Stockholder as of the date hereof; provided, that any Stockholder may assign
all or a portion of the disposition right set forth in this clause (ii) to any other Stockholder without the consent of the Company.
Notwithstanding the foregoing, the foregoing restrictions shall not apply to a disposition to a third party that (x) enters into
a definitive written agreement with the Company to consummate a transaction that would result in such third party obtaining a majority
of the total outstanding number of the Company’s voting securities (including by means of merger, consolidation, sale of
the Company’s equity interests or any combination thereof) or (y) commences a tender offer or an exchange offer for a majority
of the total outstanding number of the Company’s voting securities, in each case of clauses (x) and (y) which is approved
by the Board. For the avoidance of doubt, at any time following the date that is one (1) year after the date of the Closing, any
Stockholder may dispose of its Shares or Registrable Securities without any restrictions under this Section 3.1(a).

 

    	5.

    	 

    

 

(b)          Notwithstanding
the provisions of Section 3.1(a) above, a Stockholder may, at any time after the date hereof, transfer all or a portion of its
Shares or Registrable Securities without the consent of the Company to (i) a partnership transferring to its partners or former
partners in accordance with partnership interests, (ii) a corporation transferring to a wholly-owned subsidiary or a parent
corporation that owns all of the capital stock of the Stockholder, (iii) a limited liability company transferring to its members
or former members in accordance with their interest in the limited liability company, (iv) an entity transferring to its Affiliates
or any other investment funds or accounts managed by it or its Affiliates that was not formed for the specific purpose of making
or facilitating an investment in the Company or (v) an individual transferring to the Stockholder’s family member or
trust for the benefit of an individual Stockholder (the transferees in clauses (i) through (v), collectively, “Permitted
Transferees”); provided that in each case, other than transfers to an Other Seller Equityholder, the transferee
will agree in writing to be subject to the terms of this Agreement to the same extent as if he were an original Stockholder hereunder.

 

(c)          Each
certificate representing Shares or Registrable Securities shall be stamped or otherwise imprinted with legends substantially similar
to the following (in addition to any legend required under applicable state securities laws):

 

THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR UNLESS THE COMPANY
HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.

 

THE
SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS
OF A CERTAIN stockholder agreement by and between the stockholder and the company, as amended from time to time. Copies of such
agreement may be obtained upon written request to the secretary of the company.

 

(d)          The
Company shall be obligated to reissue promptly unlegended certificates at the request of any Holder thereof if the Holder shall
have obtained an opinion of counsel (which counsel may be counsel to the Company) reasonably acceptable to the Company to the effect
that the securities proposed to be disposed of may lawfully be so disposed of without registration, qualification and legend, provided
that the second legend listed above shall be removed only at such time as the Holder of such certificate is no longer subject
to any restrictions hereunder. In the event of any transfer of Shares or Registrable Securities, at the request of the Holder thereof,
the Company shall be obligated to instruct the transfer agent for its Common Stock to reissue certificates representing ownership
of the Shares or Registrable Securities being sold in such denominations as such Holder may request.

 

(e)          Any
legend endorsed on an instrument pursuant to applicable state securities laws and the stop-transfer instructions with respect to
such securities shall be removed upon receipt by the Company of an order of the appropriate blue sky authority authorizing such
removal.

 

    	6.

    	 

    

 

(f)          Each
Stockholder agrees that, if reasonably requested by the Company in connection with a disposition of Shares or Registrable Securities
other than pursuant to an effective registration statement or Rule 144 of the Securities Act, such Holder shall furnish the Company
with an opinion of counsel that such disposition does not require registration under the Securities Act.

 

3.2         Form
S-3 Registration. 

 

(a)          On
or before the ninetieth (90th) day following the Closing, the Company shall file a resale registration statement on
Form S-3 covering all the Registrable Securities of the Holders and providing for the offer and sale by the Holders of the Registrable
Securities in any manner permitted by Form S-3 and applicable Law (a “Shelf Registration Statement”),
which Shelf Registration Statement shall permit offerings of Registrable Securities on a delayed or continuous basis in accordance
with Rule 415 of the Securities Act. Additionally, the Company will use reasonable best efforts to effect, on or before the date
that is six (6) months following the date of the Closing, such registration of Registrable Securities on the Shelf Registration
Statement and all such qualifications and compliances (including the acceleration of effectiveness of such Shelf Registration Statement)
as would permit or facilitate the sale and distribution of the Registrable Securities included in such Shelf Registration Statement.
For the avoidance of doubt, if the Company has exercised its Cash Consideration Election, the provisions of this Section 3.2(a)
shall be satisfied if all (but not less than all) of the Holders’ Registrable Securities are covered in the related Shelf
Registration Statement, and such Shelf Registration Statement remains effective for such period as required under Section 3.7(a).

 

(b)          Following
the effectiveness of the Shelf Registration Statement, a majority in interest of the Holders (each, a “Take-Down Initiating
Holder”) may at any time and from time to time initiate an offering or sale of all or part of the Registrable Securities
(a “Shelf Take-Down”), subject to the limitations set forth in this Agreement, by delivering notice of
such initiation to the Company as set forth herein. If the Take-Down Initiating Holders so elect in a written request delivered
to the Company (an “Underwritten Shelf Take-Down Notice”), any Shelf Take-Down may be in the form of
an underwritten public offering (an “Underwritten Shelf Take-Down”) and, in such event, the Company shall
file as soon as practicable and in any event not later than ten (10) Business Days after the date of such request and, after such
filing, use its reasonable best efforts to effect an amendment or supplement to its registration statement for such purpose. The
Take-Down Initiating Holders shall indicate in such Underwritten Shelf Take-Down Notice whether they intend for such Underwritten
Shelf Take-Down to involve a customary “road show” (including an “electronic road show”) or other substantial
marketing effort by the underwriters (a “Marketed Underwritten Shelf Take-Down”). In the event of any
Underwritten Shelf Take-Down, the underwriter or underwriters shall be designated by Holders of a majority of the Registrable Securities
held by all Holders participating in such underwriting, which underwriter or underwriters shall be reasonably acceptable to the
Company.

 

(c)          Notwithstanding
the foregoing, the Company shall not be obligated to

 

(i)          effect
any Underwritten Shelf Take-Down pursuant to Section 3.2(b):

 

    	7.

    	 

    

 

(A)         at
any time during which the Holders beneficially own, in the aggregate, less than five percent (5%) of the Company’s then-outstanding
capital stock;

 

(B)         if
the Company shall furnish to the Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment
of the Board, it would be seriously detrimental to the Company and its stockholders for such Underwritten Shelf Take-Down to be
effected at such time, in which event the Company shall have the right to defer such Underwritten Shelf Take-Down for a period
of not more than sixty (60) days after receipt of the request of the Take-Down Initiating Holder under this Section 3.2; provided,
that such right to delay a request (together with any similar right set forth in Section 3.2(c)(ii), Section 3.4 or Section 3.7(a))
shall be exercised by the Company not more than three (3) times in any twelve (12) month period;

 

(C)         if
the aggregate gross proceeds from any particular Underwritten Shelf Take-Down are reasonably anticipated to be less than $35,000,000;

 

(D)         if
the Company has effected two (2) such Underwritten Shelf Take-Downs pursuant to this Section 3.2 in the preceding twelve (12) months;

 

(E)         in
any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to
service of process in effecting such registration, qualification or compliance, in each case, where the Company would not otherwise
be required to so qualify or execute a general consent, as applicable, but for such Underwritten Shelf Take-Down; or

 

(ii)         effect
any Shelf Take-Down other than an Underwritten Shelf Take-Down (each, a “Non-Underwritten Shelf-Take-Down”)
pursuant to Section 3.2(b):

 

(A)         if
the Company shall furnish to the Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment
of the Board, it would be seriously detrimental to the Company and its stockholders for such Non-Underwritten Shelf Take-Down to
be effected at such time, in which event the Company shall have the right to defer such Non-Underwritten Shelf Take-Down for a
period of not more than sixty (60) days after receipt of the request of the Take-Down Initiating Holder under this Section 3.2;
provided, that such right to delay a request (together with any similar right set forth in Section 3.2(c)(i), Section 3.4
or Section 3.7(a)) shall be exercised by the Company not more than three (3) times in any twelve (12) month period;

 

(B)         if
the Company has effected one (1) such Non-Underwritten Shelf Take-Down pursuant to this Section 3.2 in the preceding thirty (30)
days; or

 

(C)         in
any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to
service of process in effecting such registration, qualification or compliance, in each case, where the Company would not otherwise
be required to so qualify or execute a general consent, as applicable, but for such Non-Underwritten Shelf Take-Down.

 

    	8.

    	 

    

 

(d)          If
the Take-Down Initiating Holders desire to effect a Shelf Take-Down that does not constitute a Marketed Underwritten Shelf Take-Down
(a “Non-Marketed Underwritten Shelf Take-Down”), the Take-Down Initiating Holders shall so indicate in
a written request delivered to the Company no later than two (2) Business Days prior to the expected date of such Non-Marketed
Underwritten Shelf Take-Down, which request shall include (i) the total number of Registrable Securities expected to be offered
and sold in such Non-Marketed Underwritten Shelf Take-Down, (ii) the expected plan of distribution of such Non-Marketed Underwritten
Shelf Take-Down and (iii) the action or actions required (including the timing thereof) in connection with such Non-Marketed Underwritten
Shelf Take-Down (including the delivery of one or more stock certificates representing shares of Registrable Securities to be sold
in such Non-Marketed Underwritten Shelf Take-Down), and, subject to the limitations set forth in ‎Section 3.2(c) (as applicable),
the Company shall file as soon as practicable and in any event not later than five (5) Business Days after the date of such request
and use reasonable best efforts thereafter to effect an amendment or supplement to its registration statement for such purpose.

 

(e)          Subject
to the foregoing, the Company shall effect such unlimited number of Shelf Take-Downs as may be requested by a majority in interest
of the Holders. The filing of the Shelf Registration Statement, or any amendment or supplement thereto or replacement thereof and
any registrations or Shelf Take-Downs effected pursuant to this Section 3.2 shall not be counted as demands for registration or
registrations effected pursuant to Section 3.4. Notwithstanding any other provision of this Agreement, if, in the case of an Underwritten
Shelf Take-Down, the managing underwriter or underwriters advises the Company and the Holders in writing that in the good faith
judgment of such managing underwriter or underwriters the marketing factors relating to the underwriting require a limitation of
the number of securities to be included in a particular Underwritten Shelf Take-Down (including Registrable Securities), then the
Company shall so advise all Holders of Registrable Securities in writing that would otherwise be included pursuant to the underwriting,
and the number of shares that may be included in the underwriting shall be allocated to the Holders of such Registrable Securities
on a pro rata basis based on the number of Registrable Securities held by all such Holders and no Registrable Securities
shall be excluded from such Underwritten Shelf Take-Down unless all other securities of the Company are first excluded.

 

3.3         Piggyback
Registrations. 

 

(a)          The
Company shall notify all Holders of Registrable Securities in writing at least thirty (30) days prior to the filing of any
registration statement under the Securities Act for purposes of a public offering of securities of the Company (including, but
not limited to, registration statements relating to secondary offerings of securities of the Company, but excluding Special Registration
Statements), which notice shall specify the number and class or classes (or type or types) of securities to be registered, and
will afford each such Holder an opportunity to include in such registration statement all or part of such Registrable Securities
held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities
held by it shall, within thirty (30) days after the above-described notice from the Company, so notify the Company in writing.
Such notice shall state the intended method of disposition of the Registrable Securities by such Holder. If a Holder decides not
to include all of its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless
continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements
as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein.

 

    	9.

    	 

    

 

(b)          Underwriting.
If the registration statement of which the Company gives notice under this Section 3.3 is for an underwritten offering, the
Company shall so advise the Holders of Registrable Securities in writing. In such event, the right of any such Holder to include
Registrable Securities in a registration pursuant to this Section 3.3 shall be conditioned upon such Holder’s participation
in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided
herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting
agreement in customary form with the underwriter or underwriters selected for such underwriting by the Company. Notwithstanding
any other provision of this Agreement, if the managing underwriter or underwriters advises the Company and the Holders in writing
that in the good faith judgment of such managing underwriter or underwriters the marketing factors relating to the underwriting
require a limitation of the number of shares to be underwritten, the number of shares that may be included in the underwriting
shall be allocated, first, to the Company; second, to the Holders on a pro rata basis based on the total number of Registrable
Securities held by the Holders; and third, to any stockholder of the Company (other than a Holder) on a pro rata basis.
In no event will shares of any other selling stockholder be included in such registration that would reduce the number of shares
which may be included by Holders without the written consent of Holders of not less than a majority of the Registrable Securities
proposed to be sold in the offering. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to
withdraw therefrom by written notice to the Company and the underwriter, delivered at least ten (10) Business Days prior to the
effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be
excluded and withdrawn from the registration. For any Holder which is a partnership, limited liability company or corporation,
the partners, retired partners, members, retired members and stockholders of such Holder, or the estates and family members of
any such partners, retired partners, members and retired members and any trusts for the benefit of any of the foregoing person
shall be deemed to be a single “Holder,” and any pro rata reduction with respect to such “Holder”
shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included
in such “Holder,” as defined in this sentence.

 

(c)          Right
to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under
this Section 3.3 whether or not any Holder has elected to include securities in such registration, without prejudice, however,
to the right of the Holders immediately to request that such registration be effected as a registration under Section 3.4 to the
extent permitted thereunder. The Registration Expenses of such withdrawn registration shall be borne by the Company in accordance
with Section 3.6 hereof.

    	10.

    	 

    

 

3.4         Demand
Registration. 

 

(a)          Subject
to the conditions of this Section 3.4, if the Company shall receive a written request from the Holders of a majority of the Registrable
Securities (the “Initiating Holders”) that the Company file a registration statement under the Securities
Act covering the registration of Registrable Securities then outstanding having reasonably anticipated gross proceeds of at least
$35,000,000, then the Company shall, within thirty (30) days after the receipt thereof, give written notice of such request to
all Holders, and subject to the limitations of this Section 3.4, file and use reasonable best efforts to effect, as expeditiously
as possible, the registration under the Securities Act and applicable state securities Laws of all Registrable Securities that
all Holders request to be registered.

 

(b)          If
the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they
shall so advise the Company as a part of their request made pursuant to this Section 3.4 and the Company shall include such information
in the written notice referred to in Section 3.4(a). In such event, the right of any Holder to include its Registrable Securities
in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such
Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their
securities through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or underwriters
selected for such underwriting by the Holders of a majority of the Registrable Securities held by all Initiating Holders (which
underwriter or underwriters shall be reasonably acceptable to the Company). Notwithstanding any other provision of this Section
3.4, if the managing underwriter or underwriters advises the Company and the Holders in writing that in the good faith judgment
of such managing underwriter or underwriters the marketing factors require a limitation of the number of securities to be underwritten
(including Registrable Securities) then the Company shall so advise all Holders of Registrable Securities that would otherwise
be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated to the Holders
of such Registrable Securities on a pro rata basis based on the number of Registrable Securities held by all such Holders
(including the Initiating Holders). Any Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn
from the registration.

 

(c)          The
Company shall not be required to effect a registration pursuant to this Section 3.4:

 

(i)          during
any period in which the Company is eligible to use Form S-3 (in which case the Holders shall have the rights to registration and
Shelf Take-Downs set forth in, and subject to the limitations of, Section 3.2);

 

(ii)         subject
to Section 3.4(d), after the Company has effected two (2) registrations pursuant to this Section 3.4, and such registrations
have been declared or ordered effective;

 

(iii)        during
the period starting with the date of filing of, and ending on the date one hundred eighty (180) days following the effective date
of the registration statement pertaining to a public offering subject to Section 3.3, other than pursuant to a Special Registration
Statement; provided that the Company makes reasonable good faith efforts to cause such registration statement to become
effective;

 

    	11.

    	 

    

 

(iv)        if
within thirty (30) days after receipt after a written request from Initiating Holders pursuant to Section 3.4(a), the Company
gives notice to the Holders of the Company’s intention to file a registration statement for a public offering subject to
Section 3.3, other than pursuant to a Special Registration Statement, within ninety (90) days;

 

(v)         if
the Company shall furnish to Holders requesting a registration statement pursuant to this Section 3.4 a certificate signed
by the Chairman of the Board stating that in the good faith judgment of the Board of the Company, it would be seriously detrimental
to the Company and its stockholders for such registration statement to be effected at such time, in which event the Company shall
have the right to defer such filing for a period of not more than sixty (60) days after receipt of the request of the Initiating
Holders; provided that such right to delay a request (together with any similar right set forth in Section 3.2 or Section
3.7(a)) shall be exercised by the Company not more than three (3) times in any twelve (12) month period; or

 

(vi)        in
any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to
service of process in effecting such registration, qualification or compliance, in each case, where the Company would not otherwise
be required to so qualify or execute a general consent, as applicable, but for such registration pursuant to this Section 3.4.

 

(d)          Notwithstanding
any other provision of this Agreement, a registration pursuant to Section 3.2 or requested pursuant to this Section 3.4 shall not
be deemed to have been effected (i) if the registration statement is withdrawn without becoming effective, (ii) if after
it has become effective such registration is interfered with by any stop order, injunction or other order or requirement of the
SEC or other Governmental Authority for any reason other than a misrepresentation or an omission by an Initiating Holder and, as
a result thereof, the Registrable Securities requested to be registered cannot be completely distributed in accordance with the
plan of distribution set forth in the related registration statement; provided, that if such registration is a Shelf Registration
Statement pursuant to Section 3.2, such registration shall be deemed to have been effected if such Shelf Registration Statement
remains effective for the period specified in Section 3.7(a), (iii) if not a Shelf Registration Statement and the registration
does not contemplate an underwritten offering, if the applicable registration statement does not remain effective for at least
180 days (or such shorter period as will terminate when all securities covered by such registration statement have been sold or
withdrawn); or if not a Shelf Registration Statement and such registration statement contemplates an underwritten offering, if
it does not remain effective for at least 180 days plus such longer period as, in the opinion of counsel for the underwriter or
underwriters, a prospectus is required by Law to be delivered in connection with the sale of Registrable Securities by an underwriter
or dealer or (iv) in the event of an underwritten offering, if the conditions to closing specified in the purchase agreement
or underwriting agreement entered into in connection with such registration are not satisfied or waived other than by reason of
some wrongful act or omission by the Initiating Holders.

 

3.5         Underwritten
Offerings.     In the case of an underwritten offering requested by the Holders pursuant to Section 3.2
or Section 3.4, the price, underwriting discount and other financial terms for the Registrable Securities of the related underwriting
agreement shall be determined by the Holders holding a majority of the Registrable Securities to be included in such offering.
In the case of any underwritten offering of securities by the Company pursuant to Section 3.3, such price, discount and other
terms shall be determined by the Company, subject to the right of Holders to withdraw their Registrable Securities from the registration
pursuant to Section 3.6. 

 

    	12.

    	 

    

 

3.6         Withdrawal
Rights; Expenses of Registration. 

 

(a)          A
Holder may elect to withdraw all or any part of its Registrable Securities from any registration (including a registration effected
pursuant to Section 3.4) by giving written notice to the Company at least ten (10) Business Days prior to the effective date of
the registration statement of its request to withdraw at any time. In the case of a withdrawal prior to the effective date of a
registration statement, any Registrable Securities so withdrawn shall be reallocated among the remaining participants in accordance
with the applicable provisions of this Agreement.

 

(b)          Except
as specifically provided herein, all Registration Expenses incurred in connection with any registration, qualification or compliance
pursuant to Section 3.2, 3.3 or 3.4 herein shall be borne by the Company. All Selling Expenses incurred in connection with any
registrations hereunder, shall be borne by the holders of the securities so registered pro rata on the basis of the number
of shares so registered and sold. The Company shall not, however, be required to pay for expenses of any registration or Shelf
Take-Down proceeding begun pursuant to Section 3.2 or 3.4, the request of which has been subsequently withdrawn by the Initiating
Holders unless (i) the withdrawal is based upon material adverse information concerning the Company of which the Initiating
Holders were not aware at the time of such request, or (ii) the Holders of a majority of Registrable Securities agree to deem
such registration or Shelf Take-Down to have been effected as of the date of such withdrawal for purposes of determining whether
the Company shall be obligated pursuant to Section 3.2(c)(i)(D), Section 3.2(c)(ii)(B) or Section 3.4(c)(ii), as applicable, to
undertake any subsequent registration or Shelf Take-Down, in which event such right shall be forfeited by all Holders. If the Holders
are required to pay the Registration Expenses, such expenses shall be borne by the holders of securities (including Registrable
Securities) requesting such registration in proportion to the number of shares for which registration was requested. If the Company
is required to pay the Registration Expenses of a withdrawn offering pursuant to clause (i) above, then such registration
or Shelf Take-Down shall not be deemed to have been effected for purposes of determining whether the Company shall be obligated
pursuant to Section 3.2(c)(i)(D), Section 3.2(c)(ii)(B) or Section 3.4(c)(ii), as applicable, to undertake any subsequent registration
or Shelf Take-Down.

 

3.7         Obligations
of the Company. Whenever required to effect the registration of any Registrable Securities, the Company shall, as expeditiously
as possible and as applicable:

 

    	13.

    	 

    

(a)          prepare
and file with the SEC a registration statement with respect to such Registrable Securities and use commercially reasonable efforts
to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable
Securities registered thereunder, keep such registration statement effective until the Holder or Holders have completed the distribution
related thereto; provided, however, that at any time, for a period not to exceed sixty (60) days thereafter (the “Suspension
Period”), the Company may delay the filing or effectiveness of any registration statement or suspend the use or effectiveness
of any registration statement (and the Initiating Holders hereby agree not to offer or sell any Registrable Securities pursuant
to such registration statement during the Suspension Period) if the Company shall furnish to the Holders a certificate signed by
the Chairman of the Board stating that in the good faith judgment of the Board, it would be seriously detrimental to the Company
and its stockholders for such registration to be effected at such time; provided that such right to suspend a registration
statement (together with any similar right set forth in Section 3.2 or Section 3.4) shall be exercised by the Company not more
than three (3) times in any twelve (12) month period. In the event that the Company shall exercise its right to delay or
suspend the filing or effectiveness of a registration hereunder, the applicable time period during which the registration statement
is to remain effective shall be extended by a period of time equal to the duration of the Suspension Period. The Company may extend
the Suspension Period for an additional consecutive sixty (60) days with the consent of the holders of a majority of the Registrable
Securities registered under the applicable registration statement, which consent shall not be unreasonably withheld. If
so directed by the Company, all Holders registering shares under such registration statement shall (i) not offer to sell any Registrable
Securities pursuant to the registration statement during the period in which the delay or suspension is in effect after receiving
notice of such delay or suspension; and (ii) use their reasonable best efforts to deliver to the Company (at the Company’s
expense) all copies, other than permanent file copies then in such Holders’ possession, of the prospectus relating to such
Registrable Securities current at the time of receipt of such notice.

 

(b)          Prepare
and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with
such registration statement as (i) reasonably requested by any Holder (to the extent such request related to information relating
to such Holder) or (ii) may be necessary to comply with the provisions of the Securities Act with respect to the disposition of
all securities covered by such registration statement for the period set forth in subsection (a) above. The Company will respond
promptly to any comments received from the SEC and request acceleration of effectiveness promptly after it learns that the SEC
will not review the registration statement or after it has satisfied comments received from the SEC. With respect to each Free
Writing Prospectus or other materials to be included in the Disclosure Package, ensure that no Registrable Securities be sold “by
means of” (as defined in Rule 159A(b) under the Securities Act) such Free Writing Prospectus or other materials without
the prior written consent of the Holders of the Registrable Securities covered by such registration statement, which Free Writing
Prospectuses or other materials shall be subject to the review of counsel to such selling Holders, and make all required filings
of all Free Writing Prospectuses with the SEC.

 

(c)          Furnish
to the Holders and to any underwriter of such Registrable Securities such number of copies of such registration statement and each
amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus included in such
registration statement, including a preliminary prospectus, summary prospectus and Free Writing Prospectus, in conformity with
the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition
of Registrable Securities owned by them.

 

    	14.

    	 

    

(d)          Use
reasonable best efforts to register and qualify the securities covered by such registration statement under such other securities
or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Holders; provided that the Company shall
not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service
of process in any such states or jurisdictions, in each case, where the Company would not otherwise be required to so qualify or
execute a general consent, as applicable, but for this Section 3.2(c).

 

(e)          In
the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual
and customary form (including using commercially reasonable efforts to include (w) indemnification and contribution provisions
substantially to the effect and to the extent provided in Section 3.9, and (x) agreements as to the provision of opinions of counsel
and accountants’ letters to the effect and to the extent provided in Section 3.7(g)), with the managing underwriter(s) of
such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement,
and the Company shall use commercially reasonable efforts to ensure that (y) the representations and warranties by, and the other
agreements on the party of, the Company to and for the benefit of such underwriters, shall also be made to and for the benefit
of such Holders and (z) the conditions precedent to the obligations of such underwriters under such underwriting agreement shall
also be conditions precedent to the obligations of such Holders to the extent applicable.

 

(f)          Notify
each Holder and any underwriter of Registrable Securities covered by such registration statement at any time when (i) a prospectus
relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the registration
statement or the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material
fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading
in the light of the circumstances then existing, (ii) any request by the SEC or any other regulatory body or other body having
jurisdiction has been made for any amendment of or supplement to any registration statement or other document relating to such
offering, and (iii) if for any other reason it shall be necessary to amend or supplement such registration statement or prospectus
in order to comply with the Securities Act. The Company will as promptly as reasonably practicable use reasonable best efforts
to amend or supplement such prospectus in order to cause such prospectus not to include any untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing or otherwise effect such compliance.

 

(g)          Use
its reasonable best efforts to furnish, on the date that such Registrable Securities are delivered to the underwriters for sale
(if such securities are being sold through underwriters) or the effective date of the applicable registration statement (in the
case of a non-underwritten offering), (i) an opinion, dated as of such date, of the counsel representing the Company for the
purposes of such registration, in form and substance as reasonably satisfactory to the managing underwriters in an underwritten
public offering or, the selling Holders in the case of a non-underwritten offering, addressed to the Holders and the underwriters,
if any, covering the matters customarily covered in opinions requested in sales of securities or underwritten offerings, (ii) a
“cold comfort” and “bring-down” letter, dated as of such date, from the independent certified public accountants
of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an
underwritten public offering and (iii) customary certificates executed by authorized officers of the Company as may be requested
by any Holder or any underwriter of such Registrable Securities.

 

    	15.

    	 

    

 

(h)          To
the extent reasonably requested by the lead or managing underwriters in connection with a Marketed Underwritten Shelf Take-Down
or an underwritten offering pursuant to Section 3.2(b), send appropriate officers of the Company to attend any “road shows”
scheduled in connection with any such underwritten offering, with all out of pocket costs and expenses incurred by the Company
or such officers in connection with such attendance to be paid by the Company.

 

(i)          Notify
the Holders and the lead underwriter or underwriters, if any, and (if requested) confirm such advice in writing, as promptly as
reasonably practicable after notice thereof is received by the Company (i) when the applicable registration statement or any amendment
thereto becomes effective and when the applicable prospectus or any amendment or supplement thereto has been filed, and (ii) of
the issuance by the SEC of any stop order suspending the effectiveness of such registration statement or any order preventing or
suspending the use of any preliminary or final prospectus or the initiation or threat of any proceedings for such purposes.

 

(j)          Use
its reasonable best efforts to obtain as promptly as reasonably practicable the withdrawal of, any stop order with respect to the
applicable registration statement or other order suspending the use of any preliminary or final prospectus.

 

(k)          Promptly
incorporate in a prospectus supplement or post-effective amendment to the applicable registration statement such information as
the lead underwriter or underwriters, if any, and the Holders holding a majority of Registrable Securities being sold agree should
be included therein relating to the plan of distribution with respect to such Registrable Securities; and make all required filings
of such prospectus supplement or post-effective amendment as promptly as reasonably practicable after being notified of the matters
to be incorporated in such prospectus supplement or post-effective amendment.

 

(l)          Cooperate
with each Holder and each underwriter or agent, if any, participating in the disposition of such Registrable Securities and their
respective counsel in connection with any filings required to be made with FINRA.

 

(m)          Use
its reasonable best efforts to cause all such Registrable Securities registered pursuant to such registration to be listed and
remain on each securities exchange and automated interdealer quotation system on which identical securities issued by the Company
are then listed.

 

(n)          Provide
a transfer agent and registrar for all Registrable Securities registered pursuant to such registration and a CUSIP/ISIN number
for all such Registrable Securities, in each case not later than the effective date of the applicable registration statement.

 

(o)          Otherwise
use its reasonable best efforts to comply with all applicable rules and regulations of the SEC, and make available to each Holder,
as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen
months, beginning with the first month after the effective date of the applicable registration statement, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act.

 

    	16.

    	 

    

 

(p)          Use
its reasonable best efforts to take such other steps necessary to effect the registration of the Registrable Securities contemplated
hereby.

 

3.8         Delay
of Registration; Furnishing Information. 

 

(a)          No
Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result
of any controversy that might arise with respect to the interpretation or implementation of this Section 3.

 

(b)          It
shall be a condition precedent to the obligations of the Company to take any action pursuant to Section 3.2, 3.3 or 3.4 that the
selling Holders shall furnish to the Company such information regarding themselves, the Registrable Securities held by them and
the intended method of disposition of such securities as shall be required to effect the registration of their Registrable Securities.

 

(c)          The
Company shall have no obligation with respect to any Underwritten Shelf Take-Down or registration requested pursuant to Section 3.2
or Section 3.4, respectively, if the anticipated aggregate offering price of the Registrable Securities to be included in
such Underwritten Shelf Take-Down or registration, as applicable, does not equal or exceed the anticipated aggregate offering price
required to originally trigger the Company’s obligation to initiate such Underwritten Shelf Take-Down registration as specified
in Section 3.2 or Section 3.4, whichever is applicable.

 

(d)          In
connection with the preparation and filing of each registration statement registering Registrable Securities under the Securities
Act pursuant to this Section 3, the Company shall make available upon reasonable notice at reasonable times and for reasonable
periods for inspection by each Holder, by any managing underwriter or underwriters participating in any disposition to be effected
pursuant to such registration statement, and by any attorney, accountant or other agent retained by any Holder or any managing
underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause
all of the Company’s officers, directors and employees and the independent public accountants who have certified the Company’s
financial statements to make themselves available to discuss the business of the Company and to supply all information reasonably
requested by any such Holders, managing underwriters, attorneys, accountants or agents in connection with such registration statement
as shall be necessary to enable them to exercise their due diligence responsibility (subject to entry by each party referred to
in this clause (d) into customary confidentiality agreements in a form reasonably acceptable to the Company).

 

3.9         Indemnification.
In the event any Registrable Securities are included in a registration statement under Sections 3.2, 3.3 or 3.4:

 

    	17.

    	 

    

 

(a)          To
the extent permitted by Law, the Company will indemnify and hold harmless each Holder, its Affiliates, the stockholders, partners,
members, officers, directors employees and agents of each Holder or its Affiliate, any underwriter (as defined in the Securities
Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act
or the Exchange Act, against any Losses (joint or several) to which they may become subject under the Securities Act, the Exchange
Act or other federal or state Law or otherwise, insofar as such Losses (or actions in respect thereof, whether or not such indemnified
person is a party thereto) arise out of or are based upon any of the following statements, omissions or violations (collectively
a “Violation”) by the Company: (i) any untrue statement or alleged untrue statement of a material
fact contained in such registration statement or in any Disclosure Package, or in any offering memorandum or other offering document
relating to the offering and sale of such Registrable Securities prepared by the Company or at its direction, or any amendment
thereof or supplement thereto, or in any document incorporated by reference therein, including any preliminary prospectus or final
prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein
a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation
or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities Law or any rule or regulation
promulgated under the Securities Act, the Exchange Act or any state securities Law in connection with the offering covered by such
registration statement; and the Company will reimburse each such Holder, Affiliate, stockholder, partner, member, officer, director,
employee or agent of such Holder or Affiliate, underwriter or controlling person for any legal or other expenses reasonably incurred
by them in connection with investigating or defending any such Loss or action; provided however, that the indemnity agreement
contained in this Section 3.9(a) shall not apply to amounts paid in settlement of any such Loss or action if such settlement is
effected without the consent of the Company, which consent shall not be unreasonably withheld, delayed or conditioned, nor shall
the Company be liable in any such case for any such Loss or action to the extent that it arises out of or is based upon a Violation
which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration
by such Holder, Affiliate, stockholder, partner, member, officer, director employee or agent of such Holder or Affiliate, underwriter
or controlling person of such Holder.

 

(b)          To
the extent permitted by law, each Holder will, if Registrable Securities held by such Holder are included in the securities as
to which such registration qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its
Affiliates, the officers, directors, employees and agents of the Company or its Affiliates, and each person, if any, who controls
the Company within the meaning of the Securities Act, any underwriter and any other Holder selling securities under such registration
statement or any of such other Holder’s Affiliates, partners, members, directors or officers of such Holder or its Affiliates
or any Person who controls such Holder, against any Losses (joint or several) to which the Company or any such director, officer,
employee, agent, controlling person, underwriter or other such Holder, or partner, director, officer or controlling person of such
other Holder may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such Losses
(or actions in respect thereto) arise out of or are based upon any of the following statements: (i) any untrue statement or
alleged untrue statement of a material fact contained in such registration statement or in any Disclosure Package, or in any offering
memorandum or other offering document relating to the offering and sale of such Registrable Securities prepared by the Company
or at its direction, or any amendment thereof or supplement thereto, or in any document incorporated by reference therein, including
any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission
or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein
not misleading, or (iii) any violation or alleged violation by the Holder of the Securities Act (collectively, a “Holder
Violation”), in each case to the extent (and only to the extent) that such Holder Violation occurs in reliance upon
and in conformity with written information furnished by such Holder under an instrument duly executed by such Holder and stated
to be specifically for use in connection with such registration; and each such Holder will reimburse any legal or other expenses
reasonably incurred by the Company or its Affiliate or any such director, officer, employee, agent, controlling person, underwriter
or other Holder, Affiliate or partner, member, officer, director of such other Holder or Affiliate or controlling person of such
other Holder in connection with investigating or defending any such Loss or action if it is judicially determined that there was
such a Holder Violation; provided, however, that the indemnity agreement contained in this Section 3.9(b) shall not apply
to amounts paid in settlement of any such Loss or action if such settlement is effected without the consent of the Holder, which
consent shall not be unreasonably withheld, delayed or conditioned; provided further, that in no event shall any indemnity
under this Section 3.9(b), when taken together with amounts in contribution under Section 3.9(d), exceed the net proceeds from
the offering received by such Holder.

 

    	18.

    	 

    

 

(c)          Promptly
after receipt by an indemnified party under this Section 3.9 of notice of the commencement of any action (including any governmental
action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section
3.9, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right
to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed,
to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified
party shall have the right to retain its own counsel, with the fees and expenses thereof to be paid by the indemnifying party,
if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual
or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding.
The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action
shall relieve such indemnifying party of any liability to the indemnified party under this Section 3.9 to the extent, and only
to the extent, prejudicial to its ability to defend such action, but the omission so to deliver written notice to the indemnifying
party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 3.9.

 

(d)          If
the indemnification provided for in this Section 3.9 shall be unavailable or insufficient to an indemnified party with respect
to any Losses referred to herein, the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall to the
extent permitted by applicable Law contribute to the amount paid or payable by such indemnified party as a result of such Loss
in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified
party on the other in connection with the Violation(s) or Holder Violation(s) that resulted in such Loss, as well as any other
relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined
by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state
a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission; provided,
that in no event shall any contribution by a Holder hereunder, when taken together with any amounts in indemnity under Section
3.9(b), exceed the net proceeds from the offering received by such Holder. No person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The parties hereto agree that it would not be just and equitable if contribution pursuant to this
Section 3.9(d) were determined by pro rata allocation or by any other method of allocation which does not take into account
the equitable considerations referred to in this Section 3.9(d).

 

    	19.

    	 

    

 

(e)          The
obligations of the Company and Holders under this Section 3.9 shall survive completion of any offering of Registrable Securities
in a registration statement and, with respect to liability arising from an offering to which this Section 3.9 would apply that
is covered by a registration filed before termination of this Agreement, such termination. No indemnifying party, in the defense
of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or
enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party of a release from all liability in respect to such claim or litigation. The liability of any Holder under this
Section 3.9 shall be several and not joint.

 

3.10       Assignment
of Registration Rights. The rights pursuant to this Section 3 may be assigned by a Holder to a permitted transferee or permitted
assignee of Registrable Securities under Section 3.1 (for so long as such shares remain Registrable Securities); provided, however,
(a) the transferor shall, within ten (10) days after such transfer, furnish to the Company written notice of the name and address
of such transferee or assignee and the securities with respect to which such registration rights are being assigned and (b) such
transferee shall agree to be subject to all restrictions set forth in Section 3 (other than Section 3.1, which shall only apply
to any transferee that is a Permitted Transferee pursuant to Section 3.1(b)) of this Agreement.

 

3.11       Limitation
on Subsequent Registration Rights.  After the date of this Agreement, the Company shall not enter into any agreement with any
holder or prospective holder of any securities of the Company that would grant such holder rights to demand the registration of
shares of the Company’s capital stock, or to include such shares in a registration statement that would reduce the number
of shares includable by the Holders.

 

3.12       Rule
144 Reporting. With a view to making available to the Holders the benefits of certain rules and regulations of the SEC which
may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its best efforts
to:

 

(a)          Make
and keep public information available, as those terms are understood and defined in SEC Rule 144 or any similar or analogous
rule promulgated under the Securities Act, at all times after the effective date of the first registration filed by the Company
for an offering of its securities to the general public;

 

(b)          File
with the SEC, in a timely manner, all reports and other documents required of the Company under the Exchange Act; and

 

    	20.

    	 

    

 

(c)          So
long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon request: a written statement by the Company
as to its compliance with the reporting requirements of said Rule 144 of the Securities Act, and of the Exchange Act (at any time
after it has become subject to such reporting requirements); a copy of the most recent annual or quarterly report of the Company
filed with the SEC; and such other reports and documents as a Holder may reasonably request in connection with availing itself
of any rule or regulation of the SEC allowing it to sell any such securities without registration.

 

3.13       Termination
of Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration
pursuant to Section 3.2, Section 3.3, or Section 3.4 hereof shall terminate upon the earlier of: (a) solely in the case of Section
3.3, at such time as the Holders, collectively, beneficially own less than five percent (5%) of the Company’s then-outstanding
capital stock, or (b) such time as all Registrable Securities of the Company held by such Holder (and its affiliates) may be sold
pursuant to Rule 144 without the volume or manner of sale restrictions thereunder. Upon such termination, such shares shall cease
to be “Registrable Securities” hereunder for all purposes.

 

Section
4.   COVENANTS OF stockholders. 

 

4.1         Prohibited
Actions. Each Stockholder, severally and not jointly, hereby covenants and agrees that, until the earlier of (x) the date that
is two (2) years after the date of the Closing, or (y) such time as all Stockholders collectively own less than ten percent (10%)
of the Company’s capital stock (calculated on a fully-diluted, as-converted basis), unless otherwise specifically consented
to in writing by the Company such Stockholder:

 

(a)          Shall
not acquire any shares of the Company’s capital stock (other than the Shares and any Common Stock of the Company issued as
(or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution
with respect to, or in connection with a stock split, combination of shares, recapitalization, merger, consolidation or other reorganization
or otherwise, or in exchange for or in replacement of, the Shares);

 

(b)          Call
any special meetings of the Board or stockholders of the Company;

 

(c)          Solicit
proxies with respect to any matter brought before the stockholders of the Company for a vote; or

 

(d)          Make
any shareholder proposal for vote by the Company’s stockholders.

 

Section
5.   MISCELLANEOUS.

 

5.1         Governing
Law. This Agreement and all actions (whether in contract or in tort) based on, arising out of or relating to this Agreement
or the negotiation, execution or performance of this Agreement, shall be governed by, and construed in accordance with, the Laws
of the State of Delaware, regardless of the Laws that might otherwise govern under applicable principles of conflicts of laws.
All actions (whether in contract or in tort) based on, arising out of or relating to this Agreement or the negotiation, execution
or performance of this Agreement, shall be heard and determined exclusively in the Chancery Court of the State of Delaware. Consistent
with the preceding sentence, the parties hereto hereby (a) submit to the exclusive jurisdiction of the Chancery Court of the
State of Delaware for the purpose of any action arising out of or relating to this Agreement brought by any party hereto and (b) irrevocably
waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally
to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action
is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated
by this Agreement may not be enforced in or by any of the above-named courts.

 

    	21.

    	 

    

 

5.2           Waiver
of Jury Trial. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION OR LIABILITY DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HERETO HEREBY (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
IN THE EVENT OF ANY SUCH ACTION OR LIABILITY, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED
TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.2.

 

5.3           Successors
and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the parties hereto and their respective successors, assigns, heirs, executors, and administrators and shall inure to the
benefit of and be enforceable by each person who shall be a holder of Registrable Securities from time to time; provided, however,
that prior to the receipt by the Company (or its transfer agent) of adequate written notice of the transfer of any Registrable
Securities specifying the full name and address of the transferee, the Company may deem and treat the person listed as the holder
of such shares in its records as the absolute owner and holder of such shares for all purposes, including the payment of dividends
or any redemption price.

 

5.4           Entire
Agreement. This Agreement, the Exhibits hereto, the Purchase Agreement and the other documents delivered pursuant thereto constitute
the full and entire understanding and agreement between the parties with regard to the subjects hereof and no party shall be liable
or bound to any other in any manner by any oral or written representations, warranties, covenants and agreements except as specifically
set forth herein and therein. Each party expressly represents and warrants that it is not relying on any oral or written representations,
warranties, covenants or agreements outside of this Agreement.

 

5.5           Severability.
In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this Agreement, and this
Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.

 

    	22.

    	 

    

 

5.6         Amendment
and Waiver. Except as otherwise expressly provided, this Agreement may be amended or modified, and the obligations of the Company
and the rights of the Holders under this Agreement may be waived, only upon the written consent of the Company and the holders
of a majority of the then-outstanding Registrable Securities. For the purposes of determining the number of Holders or Stockholders
entitled to exercise any rights hereunder, the Company shall be entitled to rely solely on the list of record holders of its stock
as maintained by or on behalf of the Company.

 

5.7         Delays
or Omissions. It is agreed that no delay or omission to exercise any right, power, or remedy accruing to any party, upon any
breach, default or noncompliance by another party under this Agreement shall impair any such right, power, or remedy, nor shall
it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of any similar breach,
default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent, or approval of any kind or
character on any party’s part of any breach, default or noncompliance under the Agreement or any waiver on such party’s
part of any provisions or conditions of this Agreement must be in writing and shall be effective only to the extent specifically
set forth in such writing. All remedies, either under this Agreement, by law, or otherwise afforded to any party, shall be cumulative
and not alternative.

 

5.8         Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given or made (and
shall be deemed to have been duly given or made upon receipt) by delivery in person, by an internationally recognized overnight
courier service, by facsimile, by registered or certified mail (postage prepaid, return receipt requested) or by electronic communication
(including e-mail but excluding Internet or intranet websites) to the respective parties hereto at the following addresses (or
at such other address for a party as shall be specified in a notice given in accordance with this Section 5.8):

 

(a)          if
to the Company:

 

Web.com Group, Inc.

12808 Gran Bay Parkway West

Jacksonville, FL 32258

Facsimile: (904) 880-0350

Attention: Chief Executive
Officer

 

with a copy to:

 

Cooley LLP

3175 Hanover Street

Palo Alto, CA 94304

E-Mail: fultonjf@cooley.com

Facsimile: (650) 849-7400

Attention: James F.
Fulton, Jr

 

(b)          if
to any Stockholder or Holder to the address set forth for such Stockholder or Holder on Exhibit A hereto.

 

    	23.

    	 

    

 

Any notice delivered by
personal delivery or by courier service to the party to whom it is addressed as provided above shall be deemed to have been given
and received on the day it is so delivered at such address. If such day is not a Business Day, or if the notice is received after
5:00 p.m. (addressee’s local time), then the notice shall be deemed to have been given and received on the next Business
Day. Any notice sent by prepaid registered or certified mail shall be deemed to have been given and received on the fourth Business
Day following the date of its mailing. Any notice transmitted by facsimile shall be deemed to have been given and received on the
day in which such transmission is confirmed. If such day is not a Business Day or if the facsimile transmission is received after
5:00 p.m. (addressee’s local time), then the notice shall be deemed to have been given and received on the first Business
Day after its transmission. Notices sent to an e-mail address shall be deemed to be received upon the sender’s receipt of
an acknowledgement from the intended recipient (such as by the “return receipt requested” function, return e-mail or
other written acknowledgement); provided that if such notice is not sent on a Business Day or is sent after 5:00 p.m.
(addressee’s local time) on a Business Day, such notice shall be deemed to have been given and received on the first Business
Day after its transmission.

 

5.9           Attorneys’
Fees. In the event that any suit or action is instituted under or in relation to this Agreement, including without limitation
to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party
all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including
without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all
fees, costs and expenses of appeals.

 

5.10         Rules
of Construction. The titles of the sections and subsections of this Agreement are for convenience of reference only and are
not to be considered in construing this Agreement. No rule of construction against the draftsperson shall be applied in connection
with the interpretation or enforcement of this Agreement, as this Agreement is the product of negotiation between sophisticated
parties advised by competent counsel and embodies the justifiable expectations of sophisticated parties derived from arms’
length negotiations.

 

5.11         Counterparts.
This Agreement may be executed and delivered (including by facsimile transmission) in two or more counterparts, and by the
different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original, but all of which
taken together shall constitute one and the same agreement.

 

5.12         Aggregation
of Stock. All shares of Registrable Securities held or acquired by affiliated entities or persons or persons or entities under
common management or control shall be aggregated together for the purpose of determining the availability of any rights under this
Agreement.

 

5.13         Pronouns.
All pronouns contained herein, and any variations thereof, shall be deemed to refer to the masculine, feminine or neutral, singular
or plural, as to the identity of the parties hereto may require.

 

5.14         Termination.
This Agreement shall terminate and be of no further force or effect upon the date that the Stockholders and their respective transferee(s)
of Registrable Securities to whom registration rights are transferred in accordance with Section 3.10 collectively cease to beneficially
own any Shares or Registrable Securities. Notwithstanding anything contained herein to the contrary, the provisions of Section
2.1(e), Section 3.9 and this Section 5 shall survive any termination of any provisions of this Agreement.

 

[THIS SPACE INTENTIONALLY
LEFT BLANK]

 

    	24.

    	 

    

 

In
Witness Whereof, the parties hereto have executed this Stockholder Agreement
as of the date set forth in the first paragraph hereof.

 

COMPANY

 

Web.com
Group,
Inc.

 

	By:	 /s/ David L. Brown	 
	Name: David L. Brown	 
	Title: Chief Executive Officer	 

 

Stockholder
Agreement

Signature
page

 

    	 

    	 

    

 

In
Witness Whereof, the parties hereto have executed this Stockholder Agreement
as of the date set forth in the first paragraph hereof.

 

	 	Seller:
	 	 
	 	NWS Holdings LLC

 

	 	By:	 /s/ Christopher G. Lanning
	 	Name:Christopher G. Lanning
	 	Title:Secretary

 

Stockholder
Agreement

Signature
page

 

    	 

    	 

    

 

In
Witness Whereof, the parties hereto have executed this Stockholder Agreement
as of the date set forth in the first paragraph hereof.

 

	 	STOCKHOLDER:
	 	 
	 	GA-NWS INVESTOR LLC

 

	 	By:	 /s/ Christopher G. Lanning
	 	Name: Christopher G. Lanning
	 	Title:Secretary

Stockholder
Agreement

Signature
page

 

    	 

    	 

    

 

EXHIBIT A

SCHEDULE OF
stockholders

 

	Name of Stockholder	 	Address for notices
	 	 	 
	
        GA-NWS
        Investor LLC

        (f/k/a
        GA-Net Sol Investor LLC)
	 	
        Three
        Pickwick Plaza

        Greenwich,
        CT 06830

        Facsimile:
        (203) 629-8600

        Attention:
        Christopher G. Lanning

 

Schedule of
Stockholders

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]