Document:

SEC Exhibit

Exhibit 10.7

February 12, 2016

		
	To:
	LifeLock, Inc.

60 East Rio Salado Parkway, Suite 500
Tempe, Arizona  85281
Attn:        Chris Power, Chief Financial Officer
Telephone:    480-457-2129
Facsimile:    480-457-5927

		
	From:
	Bank of America, N.A.

c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated
Bank of America Tower at One Bryant Park
New York, NY 10036
Attn: Peter Tucker, Assistant General Counsel
Telephone: 646-855-5821
Facsimile: 646-822-5633

		
	Re:
	Issuer Forward Repurchase Transaction

(BofAML Reference Number: 168485115)
Ladies and Gentlemen:
The purpose of this communication (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Bank of America, N.A. (“Dealer”) and LifeLock, Inc., a Delaware corporation (“Counterparty”), on the Trade Date specified below (the “Transaction”).  The terms of the Transaction shall be set forth in this Confirmation.  This Confirmation shall constitute a “Confirmation” as referred to in the ISDA Master Agreement specified below. 
1.    This Confirmation is subject to, and incorporates, the definitions and provisions of the 2006 ISDA Definitions (including the Annex thereto) (the “2006 Definitions”) and the definitions and provisions of the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the 2006 Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc. (“ISDA”).  In the event of any inconsistency between the 2006 Definitions and the Equity Definitions, the Equity Definitions will govern.  
This Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to which this Confirmation relates.  This Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Dealer and Counterparty had executed an agreement in such form, without any Schedule but with the elections set forth in this Confirmation, including:
(i)    The election of New York law as the governing law (without reference to its choice of law provisions). 
(ii)     The election that subparagraph (ii) of Section 2(c) will not apply to the Transactions. 
(iii)    The election that the “Cross Default” provisions of Section 5(a)(vi) of the Agreement shall apply to Dealer, with a “Threshold Amount” of 3% of shareholders’ equity Bank of America Corporation (provided that (a) the phrase “, or becoming capable at such time of being declared,” shall be deleted from clause (1) of such Section 5(a)(vi) of the Agreement, (b) and (b) the following sentence shall be added to the end thereof: “Notwithstanding the foregoing, an Event of Default shall not occur under either (1) or (2) above if (a) the event or condition referred to in (1) or the failure to pay referred to in (2) is caused by an error or omission of an administrative or operational nature, (b) funds were available to Dealer to enable it to make the relevant payment when due, (c) such payment is made within three Local Business Days after notice of such failure is given by Counterparty, and (d) the definition of “Specified Indebtedness” will have the meaning specified in Section 14, except that such term shall not include obligations in respect of deposits received in the ordinary course of Dealer’s banking business”.
The Transaction shall be the sole Transaction under the Agreement.  If there exists any ISDA Master Agreement between Dealer and Counterparty or any confirmation or other agreement between Dealer and Counterparty pursuant to which an ISDA Master Agreement is deemed to exist between Dealer and Counterparty, then notwithstanding anything to the contrary in such ISDA Master Agreement, such confirmation or agreement or any other agreement to which Dealer and Counterparty are parties, the Transaction shall not be considered Transaction under, or otherwise governed by, such existing or deemed ISDA Master 

Agreement, and the occurrence of any Event of Default or Termination Event under the Agreement with respect to either party or the Transaction shall not, by itself, give rise to any right or obligation under any such other agreement or deemed agreement.  Notwithstanding anything to the contrary in any other agreement between the parties or their Affiliates, the Transaction shall not be a “Specified Transaction” (or similarly treated) under any other agreement between the parties or their Affiliates.
All provisions contained in, or incorporated by reference to, the Agreement will govern this Confirmation except as expressly modified herein.  In the event of any inconsistency between this Confirmation and either the Definitions or the Agreement, this Confirmation shall govern.  The Transaction is a Share Forward Transaction within the meaning set forth in the Equity Definitions.
2.    The terms of the particular Transaction to which this Confirmation relates are as follows:  
General Terms:
		
	Trade Date:
	February 12, 2016

		
	Seller:
	Dealer

		
	Buyer:
	Counterparty

		
	Shares:
	The common stock of Counterparty, par value USD 0.001 per share (Ticker Symbol: “LOCK”) (“Common Stock”)

		
	Prepayment:
	Applicable

		
	Prepayment Amount:
	As provided in Annex B to this Confirmation.

		
	Prepayment Date:
	The first Exchange Business Day following the Trade Date.

		
	Exchange:
	New York Stock Exchange.

		
	Related Exchange(s):
	All Exchanges; provided that Section 1.26 of the Equity Definitions shall be amended to add the words “United States” before the word “exchange” in the tenth line of that Section.

		
	Calculation Agent:
	Bank of America, N.A.; provided that following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Bank of America, N.A. is the sole Defaulting Party, if the Calculation Agent fails to timely make any calculation, adjustment or determination required to be made by the Calculation Agent hereunder and such failure continues for five Exchange Business Days following notice to the Calculation Agent by Counterparty of such failure, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the first date the Calculation Agent fails to timely make such calculation, adjustment or determination or to perform such obligation, as the case may be, and ending on the earlier of the Early Termination Date with respect to such Event of Default and the date on which such Event of Default is no longer continuing, as the Calculation Agent.

All calculations and determinations by the Calculation Agent shall be made in good faith and in a commercially reasonable manner.  Following any calculation by the Calculation Agent hereunder, upon written request by Counterparty, the Calculation Agent will provide to Counterparty by email to the email address provided by Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such calculation; provided, however, that in not event will Bank of America, N.A. be obligated to share with Counterparty any proprietary or confidential data or information or any proprietary or confidential models used by it.

Valuation Terms:
		
	Averaging Dates:
	Each of the consecutive Exchange Business Days commencing on, and including, the Exchange Business Day immediately following the Trade Date and ending on, and including, the Final Averaging Date.  

		
	Final Averaging Date:
	The Scheduled Final Averaging Date; provided that in no event shall the Scheduled Final Averaging Date be postponed to a date later than the Final Date; provided further that Dealer shall have the right, in its absolute discretion, at any time to accelerate (“Acceleration”) the Final Averaging Date, in whole or in part, to any date that is on or after the Scheduled Earliest Acceleration Date by written notice to Counterparty no later than 8:00 P.M., New York City time, on the Exchange Business Day immediately following the accelerated Final Averaging Date; provided, however, that Dealer may elect to declare an Acceleration in part if the portion of the Transaction subject to the Acceleration is in an amount of at least USD 12,500,000 or such lesser amount that is the entirety of the remaining Prepayment Amount.

In the case of  any acceleration of the Final Averaging Date in part (a “Partial Acceleration”), Dealer shall specify in its written notice to Counterparty accelerating the Final Averaging Date the corresponding percentage of the Prepayment Amount that is subject to valuation on the related Valuation Date, and Calculation Agent shall adjust the terms of the Transaction as it deems appropriate, in a commercially reasonable manner, in order to take into account the occurrence of such Partial Acceleration (including cumulative adjustments to take into account all Partial Accelerations that occur during the term of the Transaction).
		
	Scheduled Final Averaging Date:
	As provided in Annex B to this Confirmation.

		
	Final Date:
	As provided in Annex B to this Confirmation.

Scheduled Earliest Acceleration 
		
	Date:
	As provided in Annex B to this Confirmation.

		
	Valuation Date:
	The Final Averaging Date.

		
	Averaging Date Disruption:
	Modified Postponement, provided that notwithstanding anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Averaging Date, the Calculation Agent may, if appropriate in light of market conditions or regulatory considerations applicable to accelerated share repurchase transactions generally and consistently applied for these types of transactions, take one of the following actions: (i) postpone the Scheduled Final Averaging Date in accordance with Modified Postponement (as modified herein) or (ii) determine that such Averaging Date is a Disrupted Day only in part, in which case the Calculation Agent shall determine in a good faith commercially reasonable manner (x) the VWAP Price for such Disrupted Day based on Rule 10b-18 eligible transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event and (y) the Settlement Price based on an appropriately weighted average instead of the arithmetic average described under “Settlement Price” below.  Any Exchange Business Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be an Exchange Business Day; if a closure of the Exchange prior to its normal close of trading on any Exchange Business Day is scheduled following the date hereof, then such Exchange Business Day shall be deemed to be a Disrupted Day in full.  Section 6.6(a) of the Equity Definitions is hereby amended by replacing the word “shall” in the fifth line thereof with the word “may,” and by deleting clause (i) thereof, and Section 6.7(c)(iii)(A) of the Equity Definitions is hereby amended by replacing the word “shall” in the sixth and eighth line thereof with the word “may.”

		
	Market Disruption Events:
	Section 6.3(a) of the Equity Definitions is hereby amended (A) by deleting the words “during the one hour period that ends at the relevant Valuation Time, Latest Exercise Time, Knock-in Valuation Time or Knock-out Valuation Time, as the case may be” in clause (ii) thereof, and (B) by replacing the words “or (iii) an Early Closure.” therein with “(iii) an Early Closure, or (iv) a Regulatory Disruption.”

Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term “Scheduled Closing Time” in the fourth line thereof.
		
	Regulatory Disruption:
	In the event that Dealer determines, in its good faith, reasonable judgment, based on the advice of counsel, that it is appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures applicable to accelerated share repurchase transactions (provided that such requirements, policies and procedures relate to regulatory issues and are generally applicable in similar situations and are applied in a consistent manner in similar transactions) for Dealer to refrain from or decrease any market activity in connection with the Transaction on any Averaging Date prior to the Final Averaging Date; provided that Calculation Agent, in making any adjustment to the terms of the Transaction as a result of a Regulatory Disruption, shall make any such adjustment by reference of such event on Dealer assuming Dealer maintains a commercially reasonable Hedge Position. Dealer shall notify Counterparty as soon as reasonably practicable that a Regulatory Disruption has occurred and the reasons for such Regulatory Disruption and the Averaging Dates affected by it.

Settlement Terms:
		
	Initial Share Delivery:
	On the Initial Share Delivery Date, Dealer shall deliver to Counterparty the Initial Shares.

		
	Initial Share Delivery Date:
	The first Exchange Business Day following the Trade Date.  

		
	Initial Shares:
	As provided in Annex B to this Confirmation.

		
	Settlement Date:
	The date that falls one Settlement Cycle following the Valuation Date.

		
	Settlement:
	On the Settlement Date, Dealer shall deliver to Counterparty the Number of Shares to be Delivered, if a positive number. If the Number of Shares to be Delivered is a negative number, the Counterparty Settlement Provisions in Annex A shall apply.

		
	Number of Shares to be Delivered:
	A number of Shares equal to (a) the Prepayment Amount divided by (b) (i) the Settlement Price minus (ii) the Price Adjustment Amount; provided that the Number of Shares to be Delivered as so determined shall be reduced by the number of Shares delivered on the Initial Share Delivery Date.

		
	Settlement Price:
	The arithmetic average of the VWAP Prices for all Averaging Dates. 

		
	VWAP Price:
	For any Averaging Date, the Rule 10b-18 dollar volume weighted average price per Share for such day based on transactions executed during such day (excluding, for the avoidance of doubt, (i) trades that do not settle regular way, (ii) opening (regular way) reported trades in the consolidated system on such Averaging Day, (iii) trades that occur in the last ten minutes before the scheduled close of trading on the Exchange on such Averaging Day and ten minutes before the scheduled close of the primary trading in the market where the trade is effected, and (iv) trades on such Averaging Day that do not satisfy the requirements of Rule 10b-18(b)(3) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as reported on Bloomberg Page “LOCK <Equity> AQR SEC” (or any successor thereto) or, in the event such price is not so reported on such day for any reason or is manifestly incorrect, as reasonably determined in good faith and in a 

commercially reasonable manner by the Calculation Agent using a volume weighted method.
		
	Price Adjustment Amount:
	As provided in Annex B to this Confirmation.

		
	Excess Dividend Amount:
	For the avoidance of doubt, all references to the Excess Dividend Amount in Section 9.2(a)(iii) of the Equity Definitions shall be deleted.

		
	Other Applicable Provisions:
	To the extent either party is obligated to deliver Shares hereunder, the provisions of the last sentence of Section 9.2 and Sections 9.8, 9.9, 9.10, 9.11 (except that the Representation and Agreement contained in Section 9.11 of the Equity Definitions shall be modified by excluding any representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Counterparty is the Issuer of the Shares) and 9.12 of the Equity Definitions will be applicable as if “Physical Settlement” applied to the Transaction.

Dividends:
		
	Dividend:
	Any dividend or distribution on the Shares other than any dividend or distribution of the type described in Sections 11.2(e)(i), 11.2(e)(ii)(A) or 11.2(e)(ii)(B) of the Equity Definitions; provided that, the adoption of a shareholders rights plan by the Issuer during the term of the Transaction shall not constitute a “Dividend”.

Share Adjustments:
		
	Method of Adjustment:
	Calculation Agent Adjustment; provided that the declaration or payment of Dividends shall not be a Potential Adjustment Event; provided further that the parties agree (1) that any Share repurchases by Counterparty pursuant to that certain Rule 10b5-1 Stock Purchase Plan Engagement Agreement (“Stock Purchase Agreement”) between the Counterparty and Merrill Lynch, Pierce, Fenner & Smith Incorporated, an affiliate of Dealer, as broker under such Stock Purchase Agreement shall not be considered a Potential Adjustment Event and (2) that any repurchase of Shares pursuant to this Transaction shall not be considered a Potential Adjustment Event.

It shall constitute an additional Potential Adjustment Event if the Scheduled Final Averaging Date is postponed pursuant to “Averaging Date Disruption” above, in which case the Calculation Agent may, in its commercially reasonable discretion, adjust any relevant terms of the Transaction as the Calculation Agent determines appropriate to preserve the fair value of the Transaction of such postponement.
Extraordinary Events:
Consequences of Merger Events:    
		
	(a)  Share-for-Share:
	Modified Calculation Agent Adjustment

		
	(b)  Share-for-Other:
	Cancellation and Payment 

		
	(c)  Share-for-Combined:
	Cancellation and Payment 

		
	Tender Offer:
	Applicable; provided that Section 12.1(d) of the Equity Definitions shall be amended by replacing “10%” in the third line thereof with “20%”; provided further that references to “Tender Offer Date” shall be replaced by references to “Announcement Date.”  If the Calculation Agent makes any adjustment to the terms of the Transaction upon the public announcement of a Tender Offer, then the Calculation Agent may, in good faith and in a commercially reasonable manner, make a further adjustment to the terms of the Transaction upon any public announcement regarding the abandonment of any such offer.

Consequences of Tender Offers:    
		
	(a)  Share-for-Share:
	Modified Calculation Agent Adjustment

		
	(b)  Share-for-Other:
	Modified Calculation Agent Adjustment

		
	(c)  Share-for-Combined:
	Modified Calculation Agent Adjustment

Composition of Combined 
		
	Consideration:
	Not Applicable 

		
	New Shares:
	In the definition of New Shares in Section 12.1(i) of the Equity Definitions, the text in clause (i) thereof shall be deleted in its entirety (including the word “and” following such clause (i)) and replaced with “publicly quoted, traded or listed on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors)”.

Nationalization, Insolvency or 
		
	Delisting:
	Cancellation and Payment (Calculation Agent Determination); provided that in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it shall also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Market or The NASDAQ Global Select Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any such exchange or quotation system, such exchange or quotation system shall thereafter be deemed to be the Exchange.

Additional Disruption Events:    
		
	Change in Law:
	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date”.

		
	Failure to Deliver:
	Applicable

		
	Insolvency Filing:
	Applicable

		
	Loss of Stock Borrow:
	Applicable

		
	Maximum Stock Loan Rate:
	As provided in Annex B to this Confirmation.

		
	Increased Cost of Stock Borrow:
	Applicable

		
	Initial Stock Loan Rate:
	As provided in Annex B to this Confirmation.

		
	Hedging Party:
	For all applicable Potential Adjustment Events and Extraordinary Events, Dealer

		
	Determining Party:
	For all Extraordinary Events, Dealer

		
	Non-Reliance:
	Applicable

Agreements and Acknowledgments 
		
	Regarding Hedging Activities:
	Applicable

		
	Additional Acknowledgments:
	Applicable

3.    Account Details:

(a)  Account for payments to Counterparty:    

Silicon Valley Bank 
3003 Tasman Drive
Santa Clara, CA 95054
SWIFT: SVBKUS6S
Bank Routing: 121-140-399
Account Name: LifeLock, Inc. Deposit Acct.
Account No: 3300629933

(b)  Account for payments to Dealer:    

Bank of America
New York, NY
SWIFT: BOFAUS3N
Bank Routing: 026-009-593
Account Name: Bank of America
Account No.: 0012334-61892

4.    Offices:

(a)  The Office of Counterparty for the Transaction is:  Inapplicable; Counterparty is not a Multibranch Party.

(b)  The Office of Dealer for the Transaction is: New York

5.    Notices:  For purposes of this Confirmation:

(a)  Address for notices or communications to Counterparty:

LifeLock, Inc.
60 East Rio Salado Parkway, Suite 500
Tempe, Arizona  85281
Attn: Chris Power, Chief Financial Officer
Telephone: 480-457-2129
Facsimile: 480-457-5927

(b)  Address for notices or communications to Dealer:

Bank of America, N.A.
c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated
Bank of America Tower at One Bryant Park
New York, NY 10036
Attn:  Peter Tucker, Assistant General Counsel
Telephone: 646-855-5821
Facsimile: 646-822-5633

6.    Additional Provisions Relating to Transactions in the Shares.
(a)    Counterparty acknowledges and agrees that the Initial Shares delivered on the Initial Share Delivery Date may be sold short to Counterparty. Counterparty further acknowledges and agrees that Dealer may, during (i) the period from the date hereof to the Valuation Date or, if later, the Scheduled Earliest Acceleration Date without regard to any adjustment thereof pursuant to “Special Provisions regarding Transaction Announcements” below, and (ii) the period from and including the first Settlement Valuation Date to and including the last Settlement Valuation Date, if any (together, the “Relevant Period”), purchase Shares in connection with the Transaction, which Shares may be used to cover all or a portion of such short sale or may be delivered to Counterparty.  Such purchases will be conducted independently of Counterparty.  The timing of such purchases by Dealer, the number of Shares purchased by Dealer on any day, the price paid per Share pursuant to such purchases and the manner in which such purchases are made, including without limitation whether such purchases are made on any securities exchange or privately, shall be within the absolute discretion of Dealer.  It is the intent of the parties that the Transaction comply with the requirements of Rule 10b5-1(c)(1)(i)(B) of the Exchange Act, and the parties agree that this Confirmation shall be interpreted to comply with the requirements of Rule 10b5-1(c), and Counterparty shall not take any action that results in the Transaction not so complying with such requirements.  Without limiting the generality of the preceding sentence, Counterparty acknowledges and agrees that (A) Counterparty does not have, and shall not attempt to exercise, any influence over how, when or whether Dealer effects any purchases of Shares in connection with the Transaction, (B) during the period beginning on (but excluding) the date of this Confirmation and ending on (and including) the last day of the Relevant Period, neither Counterparty nor its officers or employees shall, directly or indirectly, communicate any information regarding Counterparty or the Shares to any employee of Dealer or its Affiliates responsible for trading the Shares in connection with the transactions contemplated hereby, (C) Counterparty is entering into the Transaction in good faith and not as part of a plan or scheme to evade compliance with federal securities laws including, without limitation, Rule 10b‐5 promulgated under the Exchange Act and (D) Counterparty will not alter or deviate from this Confirmation or enter into or alter a corresponding hedging transaction with respect to the Shares.  Counterparty also acknowledges 

and agrees that any amendment, modification, waiver or termination of this Confirmation must be effected in accordance with the requirements for the amendment or termination of a “plan” as defined in Rule 10b5-1(c) under the Exchange Act.  Without limiting the generality of the foregoing, any such amendment, modification, waiver or termination shall be made in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5 under the Exchange Act, and no such amendment, modification or waiver shall be made at any time at which Counterparty or any officer or director of Counterparty is aware of any material nonpublic information regarding Counterparty or the Shares.
(b)    Counterparty agrees that neither Counterparty nor any of its Affiliates or agents that it controls shall take any action that would result in the Shares being subject to a “restricted period” (as defined in Regulation M under the Exchange Act) (excluding for the purposes of this provision any issuances by the Counterparty of securities or undertaking of activities exempted from Regulation M by means of Rule 102(b), (c) or (d) of Regulation M (the “Regulation M Exemptions”)), or any security for which the Shares are a reference security (as defined in Regulation M) being subject to a restricted period (excluding for the purposes of this provision any issuances by the Counterparty of securities or undertaking of activities pursuant to the Regulation M Exemptions) during the Relevant Period.
(c)    Counterparty shall, at least one day prior to the first day of the Relevant Period, notify Dealer of the total number of Shares purchased in Rule 10b-18 purchases of blocks pursuant to the once-a-week block exception contained in Rule 10b-18(b)(4) by or for Counterparty or any of its affiliated purchasers during each of the four calendar weeks preceding the first day of the Relevant Period and during the calendar week in which the first day of the Relevant Period occurs (“Rule 10b-18 purchase”, “blocks” and “affiliated purchaser” each being used as defined in Rule 10b-18). 
(d)    During the Relevant Period, Counterparty shall (i) notify Dealer prior to the opening of trading in the Shares on any day on which Counterparty makes, or expects to be made, any public announcement (as defined in Rule 165(f) under the Securities Act of 1933, as amended (the “Securities Act”)) of any Merger Transaction, (ii) promptly notify Dealer following any such public announcement of the Merger Transaction that such announcement has been made, and (iii) promptly deliver to Dealer following the making of any such announcement a certificate indicating (A) Counterparty’s average daily Rule 10b-18 purchases (as defined in Rule 10b-18) during the three full calendar months preceding the date of the announcement of such transaction and (B) Counterparty’s block purchases (as defined in Rule 10b-18) effected pursuant to paragraph (b)(4) of Rule 10b-18 during the three full calendar months preceding the date of the announcement of such transaction.  In addition, Counterparty shall promptly notify Dealer of the earlier to occur of the completion of such transaction and the completion of the vote by target shareholders.  Counterparty acknowledges that any such public announcement of a Merger Transaction may be determined by Dealer to be a Regulatory Disruption, and, as a result, may cause the Relevant Period to be suspended.  Accordingly, Counterparty acknowledges that its actions in relation to any such announcement or transaction must comply with the standards set forth in Section 6(a) above.
“Merger Transaction” means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act pursuant to which Counterparty would be limited in purchasing Shares during the term of the Transaction under Rule 10b-18 in the same manner that Rule 10b-18 would limit Counterparty from purchasing Shares under Rule 10b-18, other than, solely for purposes of this Section 6, any such transaction in which the consideration consists solely of cash and there is no valuation period.
Any adjustment to the terms of the Transaction as a result of the Transaction being treated as a Regulatory Disruption by Dealer shall be made without duplication in respect of any prior adjustment hereunder (including, without limitation, any prior adjustment pursuant to Section 9 below).
(e)    Without the prior written consent of Dealer, Counterparty shall not, and shall cause its Affiliates and affiliated purchasers (each as defined in Rule 10b-18) not to, directly or indirectly (including, without limitation, by means of a cash-settled or other derivative instrument) purchase, offer to purchase, place any bid or limit order that would effect a purchase of, or commence any tender offer relating to, any Shares (or an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a depository share) or any security convertible into or exchangeable for Shares during the Relevant Period other than any purchase of Shares by Counterparty through an affiliate of Dealer pursuant to the Stock Purchase Agreement.  
Notwithstanding the immediately preceding paragraph or anything herein to the contrary (i) an agent independent of Counterparty may purchase Shares effected by or for an issuer plan Counterparty in accordance with the requirements of Section 10b-18(a)(13)(ii) under the Exchange Act (with “issuer plan” and “agent independent of Counterparty” each being used herein as defined in Rule 10b-18), and (ii) Counterparty or any “affiliated purchaser” may purchase Shares in (x) unsolicited transactions or (y) privately negotiated (off-market) transactions, in each case, that are not “Rule 10b-18 purchases” (as defined in Rule 10b-18), in each case, without Dealer’s consent.

Nothing in this Section 6(e) will (i) limit the Counterparty’s ability, pursuant to its employee incentive plans or dividend reinvestment program, to reacquire Shares in connection with the related equity transactions, (ii) limit Counterparty’s ability to reacquire Shares in connection with the related equity transactions, or (iii) limit Counterparty’s ability to grant stock, restricted stock units and options to “affiliated partners” (as defined in Rule 10b-18) or the ability of such affiliated purchasers to acquire such stock or options, in connection with the Counterparty’s compensation policies for directors, officers or employees of any entities that are acquisition targets of Counterparty, and in connection with such purchase Counterparty will be deemed to represent to Dealer that such purchase does not constitute a “Rule 10b-18 Purchase” (as defined in Rule 10b-18).  
7.    Representations, Warranties and Agreements.  
(a)    In addition to the representations, warranties and agreements in the Agreement and those contained elsewhere herein, Counterparty represents and warrants to and for the benefit of, and agrees with, Dealer as follows: 
(i)    As of the Trade Date, and as of the date of any election by Counterparty of the Share Termination Alternative under (and as defined in) Section 10(a) below, (A) none of Counterparty and its officers and directors is aware of any material nonpublic information regarding Counterparty or the Shares and (B) all reports and other documents filed by Counterparty with the Securities and Exchange Commission pursuant to the Exchange Act when considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading.
(ii)    Without limiting the generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that Dealer is not making any representations or warranties or taking any position or expressing any view with respect to the treatment of the Transaction under any accounting standards including ASC Topic 260, Earnings Per Share, ASC Topic 815, Derivatives and Hedging, or ASC Topic 480, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging - Contracts in Entity’s Own Equity (or any successor issue statements) or under FASB’s Liabilities & Equity Project.
(iii)    Without limiting the generality of Section 3(a)(iii) of the Agreement, the Transaction will not violate Rule 13e-1 or Rule 13e-4 under the Exchange Act.
(iv)    Prior to the Trade Date, Counterparty shall deliver to Dealer a resolution of Counterparty’s board of directors (or an authorized committee of the Board of Directors) authorizing the Transaction.  Counterparty has publicly disclosed its intention to institute a program for the acquisition of Shares.
(v)    Counterparty is not entering into this Confirmation to create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for Shares) to manipulate the price of the Shares (or any security convertible into or exchangeable for Shares) or otherwise in violation of the Exchange Act, and will not engage in any other securities or derivative transaction to such ends.  
(vi)    Counterparty is not, and after giving effect to the transactions contemplated hereby will not be, required to register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended.
(vii)    On the Trade Date, the Prepayment Date, the Initial Share Delivery Date and the Settlement Date, Counterparty is not, or will not be, “insolvent” (as such term is defined under Section 101(32) of the U.S. Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”)) and Counterparty would be able to purchase the Shares hereunder in compliance with the corporate laws of the jurisdiction of its incorporation.
(viii)    No state or local (including non-U.S. jurisdictions) law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent, registration or other requirement (including without limitation a requirement to obtain prior approval from any person or entity) as a result of Dealer or its affiliates owning or holding (however defined) Shares.
(ix)    Counterparty shall not declare or pay any Dividend (as defined above) to holders of record as of any date occurring prior to the Settlement Date or, if the provisions of Annex A apply, the Cash Settlement Payment Date.
(x)    Counterparty understands no obligations of Dealer to it hereunder will be entitled to the benefit of deposit insurance and that such obligations will not be guaranteed by any affiliate of Dealer or any governmental agency.

(xi)    Counterparty is (i) a corporation for U.S. federal income tax purposes and is organized under the laws of Delaware and (ii) a “U.S. person” (as that term is used in section 1.1441-4(a)(3)(ii) of United States Treasury Regulations) for U.S. federal income tax purposes.
(b)    Each of Dealer and Counterparty agrees and represents that it is an “eligible contract participant” as defined in Section 1a(18) of the U.S. Commodity Exchange Act, as amended.
(c)    Each party acknowledges that the offer and sale of the Transaction to it is intended to be exempt from registration under the Securities Act, by virtue of Section 4(a)(2) thereof.  Accordingly, each party represents and warrants to the other party that (i) it has the financial ability to bear the economic risk of its investment in the Transaction and is able to bear a total loss of its investment, (ii) it is an “accredited investor” as that term is defined in Regulation D as promulgated under the Securities Act, (iii) it is entering into the Transaction for its own account and without a view to the distribution or resale thereof, and (iv) the assignment, transfer or other disposition of the Transaction has not been and will not be registered under the Securities Act and is restricted under this Confirmation, the Securities Act and state securities laws.
(d)    Counterparty agrees and acknowledges that Dealer is a “financial institution,”  “swap participant” and “financial participant” within the meaning of Sections 101(22), 101(53C) and 101(22A) of the Bankruptcy Code.  The parties hereto further agree and acknowledge that it is the intent of the parties that (A) this Confirmation is (i) a “securities contract,” as such term is defined in Section 741(7) of the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment amount” or “other transfer obligation” within the meaning of Section 362 of the Bankruptcy Code and a “settlement payment,” within the meaning of Section 546 of the Bankruptcy Code and (ii) a “swap agreement,” as such term is defined in Section 101(53B) of the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment amount” or “other transfer obligation” within the meaning of Section 362 of the Bankruptcy Code and a “transfer,” as such term is defined in Section 101(54) of the Bankruptcy Code and a “payment or other transfer of property” within the meaning of Sections 362 and 546 of the Bankruptcy Code, and (B) Dealer is entitled to the protections afforded by, among other sections, Sections 362(b)(6), 362(b)(17), 362(o), 546(e), 546(g), 548(d)(2), 555, 560 and 561 of the Bankruptcy Code.
(e)    In addition to the representations, warranties and covenants in this Agreement, Dealer represents, warrants and covenants to Counterparty that:
(i)    Dealer agrees to use commercially reasonable efforts, during the Relevant Period for the Transaction, to purchase Shares in connection with such Transaction in a manner that would comply with the limitations set forth in clauses (b)(2), (b)(3) and (b)(4) of Rule 10b-18, as if such rule were applicable to such purchases and taking into account any applicable Securities and Exchange Commission no-action letters or interpretations, as appropriate, and subject to any delays between the execution and reporting of a trade of the Shares on the Exchange and other circumstances beyond Dealer’s control; provided that, during the Relevant Period, the foregoing agreement shall not apply to purchases made to dynamically hedge the optionality arising under the Transaction (including, for the avoidance of doubt, timing optionality); provided further that, without limiting the generality of the first sentence of this Section 6(c)(i), Dealer shall not be responsible for any failure to comply with Rule 10b-18(b)(3) to the extent any transaction executed (or deemed to be executed) by or on behalf of Counterparty or an “affiliated purchaser” (as defined under Rule 10b-18) pursuant to a separate agreement is not deemed to be an “independent bid” or an “independent transaction” for purposes of Rule 10b-18(b)(3).
(ii)    Dealer has implemented policies and procedures, taking into consideration the nature of its business, reasonably designed to ensure that (A) individuals making investment decisions on behalf of Dealer related to the Transaction do not have access to material nonpublic information regarding the Issuer or the Shares and (B) individuals of Dealer that are in possession of material nonpublic information regarding the Issuer or the Shares have not, while in possession of such material nonpublic information, participated in any offsetting transaction(s) in respect of such Transaction. 
(iii)    Within one Exchange Business Day of purchasing any Shares on behalf of Counterparty pursuant to the once-a-week block exception set forth in paragraph (b)(4) of Rule 10b-18, Dealer shall notify Counterparty of the total number of Shares so purchased.
(iv)    On Wednesday of each week (or, if such date is not an Exchange Business Day, the following Exchange Business Day) during the Relevant Period, Dealer shall provide a weekly report (“Weekly Report”) in connection with such Transaction to the Counterparty and to such other persons or agents of the Counterparty as the Counterparty shall reasonably designate in writing, by electronic mail to the Counterparty or its designee.  Each Weekly Report shall include the ADTV of the Shares for each Exchange Business Day during the immediately preceding week (as defined and determined in accordance with Rule 10b-18, as defined herein), the VWAP Price for each such Exchange Business Day and the high and low price of the Shares on each such 

Exchange Business Day.  For the avoidance of doubt and notwithstanding anything to the contrary herein, the VWAP Price for purposes of this Confirmation shall be determined pursuant the language opposite the caption “VWAP Price” in Section 2 of this Confirmation under the heading “Settlement Terms” and not on the basis of, or by reference to, the VWAP Price set forth in any Weekly Report.
8.    Agreements and Acknowledgements Regarding Hedging.
Counterparty acknowledges and agrees that:
(a)      During the Relevant Period, Dealer and its Affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to adjust its hedge position with respect to the Transaction;   
(b)      Dealer and its Affiliates also may be active in the market for Shares other than in connection with hedging activities in relation to the Transaction; 
(c)      Dealer shall make its own determination as to whether, when or in what manner any hedging or market activities in Counterparty’s securities shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Settlement Price and/or the VWAP Price; and
(d)      Any market activities of Dealer and its Affiliates with respect to Shares may affect the market price and volatility of Shares, as well as the Settlement Price and/or the VWAP Price, each in a manner that may be adverse to Counterparty.
9.    Special Provisions regarding Transaction Announcements.
(a)    If a Transaction Announcement occurs on or prior to the Settlement Date, then the Calculation Agent shall have the right to make an adjustment at such time or multiple times in a commercially reasonable manner to the Price Adjustment Amount as the Calculation Agent determines reasonably appropriate to account for the economic effect of the Transaction Announcement (and, for the avoidance of doubt, in such event the Number of Shares to be Delivered may be reduced as a result of the adjustment to the Price Adjustment Amount, including to below zero, pursuant to the proviso to the definition of Number of Shares to be Delivered).  If a Transaction Announcement occurs after the Trade Date but prior to the Scheduled Earliest Acceleration Date, the Scheduled Earliest Acceleration Date shall be adjusted to be the date of such Transaction Announcement.
(b)    “Transaction Announcement” means (i) the announcement of an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding to enter into an Acquisition Transaction, (iii) the announcement by the Counterparty, its officers, directors, affiliates or any of its subsidiaries of an intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction or (iv) the announcement by a bona fide person of such person’s intention to pursue an Acquisition Transaction that, in the good faith commercially reasonable judgment of the Calculation Agent, may result in an Acquisition Transaction; provided that the Calculation Agent shall in good faith determine whether any such person is a bona fide person.
“Acquisition Transaction” means (i) any Merger Event (and for purposes of this definition the definition of Merger Event shall be read with the references therein to “100%” being replaced by “20%” and to “50%” by “85%” and  as if the clause beginning immediately following the definition of Reverse Merger therein to the end of such definition were deleted) or Tender Offer, or any other transaction involving the merger of Counterparty with or into any third party, (ii) the sale or transfer of all or substantially all of the assets of Counterparty, (iii) a recapitalization, reclassification, binding share exchange or other similar transaction, (iv) any acquisition, lease, exchange, transfer, disposition (including by way of spin-off or distribution) of assets (including any capital stock or other ownership interests in subsidiaries) or other similar event by Counterparty or any of its subsidiaries where the aggregate consideration transferable or receivable by or to Counterparty or its subsidiaries exceeds 20% of the market capitalization of Counterparty and (v) any transaction in which Counterparty or its board of directors has a legal obligation to make a recommendation to its shareholders in respect of such transaction (whether pursuant to Rule 14e-2 under the Exchange Act or otherwise).
Any adjustment to the terms of the Transaction hereunder as a result of an Transaction Announcement shall be made without duplication in respect of any prior adjustment hereunder (including, without limitation, any prior adjustment pursuant to Section 6(d) above).
10.    Other Provisions.

(a)    Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events.  If either party would owe the other party any amount pursuant to Sections 12.2, 12.3, 12.6, 12.7 or 12.9 of the Equity Definitions or pursuant to Section 6(d)(ii) of the Agreement (a “Payment Obligation”), Counterparty shall have the right, in its sole discretion, to satisfy or to require Dealer to satisfy, as the case may be, any such Payment Obligation, in whole or in part, by the Share Termination Alternative (as defined below) by giving irrevocable telephonic notice to Dealer, confirmed in writing within one Scheduled Trading Day, no later than 9:30 A.M. New York City time on the Merger Date, Tender Offer Date, Announcement Date, Early Termination Date or date of cancellation or termination in respect of an Extraordinary Event, as applicable (“Notice of Share Termination”); provided that Counterparty shall not have the right to so elect (but, for the avoidance of doubt, Dealer shall have the right to so elect) in the event of (i) an Insolvency, a Nationalization, a Merger Event or a Tender Offer, in each case, in which the consideration or proceeds to be paid to all, but not less than all, holders of Shares consists solely of cash or (ii) an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party, which Event of Default or Termination Event resulted from an event or events within Counterparty’s control.  Upon such Notice of Share Termination, the following provisions shall apply on the Scheduled Trading Day immediately following the Merger Date, Tender Offer Date, Announcement Date, Early Termination Date or date of cancellation or termination in respect of an Extraordinary Event, as applicable, with respect to the Payment Obligation or such portion of the Payment Obligation for which the Share Termination Alternative has been elected (the “Applicable Portion”):
		
	Share Termination Alternative: 
	Applicable and means, if delivery pursuant to the Share Termination Alternative is owed by Dealer, that Dealer shall deliver to Counterparty the Share Termination Delivery Property on the date on which the Payment Obligation would otherwise be due pursuant to Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) of the Agreement, as applicable, or such later date as the Calculation Agent may reasonably determine (the “Share Termination Payment Date”), in satisfaction of the Payment Obligation or the Applicable Portion, as the case may be. If delivery pursuant to the Share Termination Alternative is owed by Counterparty, paragraphs 2 through 5 of Annex A shall apply as if such delivery were a settlement of the Transaction to which Net Share Settlement (as defined in Annex A) applied, the Cash Settlement Payment Date were the Early Termination Date, the Forward Cash Settlement Amount were zero (0) minus the Payment Obligation (or the Applicable Portion, as the case may be) owed by Counterparty, and “Shares” as used in Annex A were replaced by “Share Termination Delivery Units.” 

Share Termination Delivery 
		
	Property: 
	A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation (or the Applicable Portion, as the case may be) divided by the Share Termination Unit Price.  The Calculation Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate the Share Termination Unit Price. 

		
	Share Termination Unit Price: 
	The value of property contained in one Share Termination Delivery Unit on the date such Share Termination Delivery Units are to be delivered as Share Termination Delivery Property, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by the Calculation Agent to the parties at the time of notification of the Payment Obligation. 

		
	Share Termination Delivery Unit: 
	In the case of a Termination Event, Event of Default, Delisting or Additional Disruption Event, one Share or, in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, one Share or a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer.  If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

		
	Failure to Deliver: 
	Applicable

		
	Other applicable provisions: 
	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9, 9.10, 9.11 (except that the Representation and Agreement contained in Section 9.11 of the Equity 

Definitions shall be modified by excluding any representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Counterparty is the issuer of the Shares or any portion of the Share Termination Delivery Units) and 9.12 of the Equity Definitions will be applicable as if “Physical Settlement” applied to the Transaction, except that all references to “Shares” shall be read as references to “Share Termination Delivery Units”.
(b)    Equity Rights.  Dealer acknowledges and agrees that this Confirmation is not intended to convey to it rights with respect to the Transaction that are senior to the claims of common stockholders in the event of Counterparty’s bankruptcy.  For the avoidance of doubt, the parties agree that the preceding sentence shall not apply at any time other than during Counterparty’s bankruptcy to any claim arising as a result of a breach by Counterparty of any of its obligations under this Confirmation or the Agreement.  For the avoidance of doubt, the parties acknowledge that this Confirmation is not secured by any collateral that would otherwise secure the obligations of Counterparty herein under or pursuant to any other agreement.
(c)    Reserved.
(d)    Staggered Settlement.  If Dealer would owe Counterparty any Shares pursuant to the “Settlement Terms” above, Dealer may, by notice to Counterparty on or prior to the Settlement Date (a “Nominal Settlement Date”), elect to deliver the Shares deliverable on such Nominal Settlement Date on two or more dates (each, a “Staggered Settlement Date”) or at two or more times on the Nominal Settlement Date as follows: (i) in such notice, Dealer will specify to Counterparty the related Staggered Settlement Dates (each of which will be on or prior to such Nominal Settlement Date) or delivery times and how it will allocate the Shares it is required to deliver under “Settlement Terms” above among the Staggered Settlement Dates or delivery times; and (ii) the aggregate number of Shares that Dealer will deliver to Counterparty hereunder on all such Staggered Settlement Dates and delivery times will equal the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date.
(e)    Adjustments.  For the avoidance of doubt, whenever the Calculation Agent is called upon to make an adjustment pursuant to the terms of this Confirmation or the Definitions to take into account the effect of an event, the Calculation Agent shall make such adjustment by reference to the effect of such event on the Hedging Party, assuming that the Hedging Party maintains a commercially reasonable hedge position.
(f)    Transfer and Assignment.  Without the consent of the Counterparty, Dealer may transfer or assign its rights and obligations hereunder and under the Agreement, in whole or in part, to any of its Affiliates (i) that has a long-term issuer rating that is equal to or better than Dealer’s credit rating at the time of such assignment, or (ii) whose obligations hereunder will be guaranteed, pursuant to the terms of a customary guarantee in a form used generally for similar transactions, by Bank of America Corporation; provided that, at the time of such assignment (i) Counterparty will not be required to pay (including a payment in kind) to the transferee any amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) of the Agreement (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e) of the Agreement) greater than the amount in respect of which Counterparty would have been required to pay to Dealer in the absence of such transfer; and (ii) Counterparty will not receive any payment (including a payment in kind) from which an amount had been withheld or deducted, on account of a Tax under Section 2(d)(i) of the Agreement (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e) of the Agreement), in excess of that which Dealer would have been required to so withhold or deduct in the absence of such transfer, except to the extent that the transferee will be required to make additional payments pursuant to Section 2(d)(i)(4) of the Agreement in respect of such excess.
(g)    Additional Termination Event.  It shall constitute an Additional Termination Event with respect to which the Transaction is the sole Affected Transaction and Counterparty is the sole Affected Party and Dealer shall be the party entitled to designate an Early Termination Date pursuant to Section 6(b) of the Agreement if, at any time during the Relevant Period, the price per Share on the Exchange, as determined by the Calculation Agent, is at or below the Threshold Price (as provided in Annex B to this Confirmation).
(h)    Amendments to Equity Definitions.  The following amendments shall be made to the Equity Definitions:
(i)      Section 11.2(a) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative effect on the theoretical value of the relevant Shares” and replacing them with the words “a material economic effect on the relevant Transaction”;
(ii)    The first sentence of Section 11.2(c) of the Equity Definitions, prior to clause (A) thereof, is hereby amended to read as follows: ‘(c) If “Calculation Agent Adjustment” is specified as the Method of Adjustment in the related Confirmation of a Share Option Transaction or Share Forward Transaction, then following the announcement or 

occurrence of any Potential Adjustment Event, the Calculation Agent will determine whether such Potential Adjustment Event has a material economic effect on the Transaction and, if so, will (i) make appropriate adjustment(s), if any, to any one or more of:’ and the portion of such sentence immediately preceding clause (ii) thereof is hereby amended by deleting the words “diluting or concentrative” and the words “(provided that no adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares)” and replacing such latter phrase with the words “(and, for the avoidance of doubt, adjustments may be made to account solely for changes in volatility, stock loan rate or liquidity relative to the relevant Shares)”;
(iii)      Section 11.2(e)(vii) of the Equity Definitions is hereby amended by deleting the words “diluting or concentrative effect on the theoretical value of the relevant Shares” and replacing them with the words “material economic effect on the relevant Transaction”;
(iv)      Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) deleting from the fourth line thereof the word “or” after the word “official” and inserting a comma therefor, and (2) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (C) at Dealer’s option, the occurrence of any of the events specified in Section 5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that issuer”;
(v)    Section 12.9(b)(iv) of the Equity Definitions is hereby amended by (A) deleting (1) subsection (A) in its entirety, (2) the phrase “or (B)” following subsection (A) and (3) the phrase “in each case” in subsection (B); and (B) deleting the phrase “neither the Non-Hedging Party nor the Lending Party lends Shares in the amount of the Hedging Shares or” in the penultimate sentence; and
(vi)    Section 12.9(b)(v) of the Equity Definitions is hereby amended by (A) adding the word “or” immediately before subsection “(B)” and deleting the comma at the end of subsection (A); and (B)(1) deleting subsection (C) in its entirety, (2) deleting the word “or” immediately preceding subsection (C) and (3) replacing in the penultimate sentence the words “either party” with “the Hedging Party” and (4) deleting clause (X) in the final sentence.
(i)    No Netting and Set-off.  Each party waives any and all rights it may have to set off obligations arising under the Agreement and the Transaction against other obligations between the parties, whether arising under any other agreement, applicable law or otherwise.
(j)    Disclosure.  Effective from the date of commencement of discussions concerning the Transaction, Counterparty and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Counterparty relating to such tax treatment and tax structure.
(k)    Designation by Dealer.  Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Dealer to purchase, sell, receive or deliver any Shares or other securities to or from Counterparty, Dealer (the “Designator”) may designate any of its Affiliates (the “Designee”) to deliver or take delivery, as the case may be, and otherwise perform its obligations to deliver, if any, or take delivery of, as the case may be, any such Shares or other securities in respect of the Transaction, and the Designee may assume such obligations, if any.  Such designation shall not relieve the Designator of any of its obligations, if any, hereunder. Notwithstanding the previous sentence, if the Designee shall have performed the obligations, if any, of the Designator hereunder, then the Designator shall be discharged of its obligations, if any, to Counterparty to the extent of such performance.
(l)    Termination Currency.  The Termination Currency shall be USD.
(m)    Wall Street Transparency and Accountability Act of 2010.  The parties hereby agree that none of (i) Section 739 of the Wall Street Transparency and Accountability Act of 2010 (the “WSTAA”), (ii) any similar legal certainty provision included in any legislation enacted, or rule or regulation promulgated, on or after the Trade Date, (iii) the enactment of the WSTAA or any regulation under the WSTAA, (iv) any requirement under the WSTAA or (v) any amendment made by the WSTAA shall limit or otherwise impair either party’s right to terminate, renegotiate, modify, amend or supplement this Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased cost, regulatory change or similar event under this Confirmation, the Equity Definitions or the Agreement (including, but not limited to, any right arising from any Change in Law, Hedging Disruption, Increased Cost of Hedging or Illegality).
(n)    Delivery of Cash.  For the avoidance of doubt, other than payment of the Prepayment Amount by Counterparty, nothing in this Confirmation shall be interpreted as requiring Counterparty to cash settle the Transaction hereunder, except in circumstances where cash settlement is within Counterparty’s control (including, without limitation, where Counterparty elects 

to deliver or receive cash, where Counterparty fails timely to elect to deliver Shares pursuant Annex A hereof in settlement of the Transaction hereunder or to deliver or receive Share Termination Delivery Units, or where Counterparty has made settlement by delivery of Restricted Settlement Shares in accordance with Annex A hereof unavailable due to the occurrence of events within its control) or in those circumstances in which all, but not less than all, holders of the Shares would also receive cash.
(o)    Tax Matters
		
	(i)
	Withholding Tax imposed on payments to non-US counterparties under the United States Foreign Account Tax Compliance Act.  “Tax” and “Indemnifiable Tax”, each as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed or collected pursuant to Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code (a “FATCA Withholding Tax”). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by applicable law for the purposes of Section 2(d) of the Agreement.

		
	(ii)
	HIRE Act.  “Tax” and “Indemnifiable Tax”, each as defined in Section 14 of the Agreement, shall not include any tax imposed on payments treated as dividends from sources within the United States under Section 871(m) of the Code or any regulations issued thereunder.

		
	(iii)
	Tax documentation. Counterparty and Dealer shall provide to each other a valid U.S. Internal Revenue Service Form W-9, or any successor thereto, (i) on or before the date of execution of this Confirmation and (ii) promptly upon learning that any such tax form previously provided has become obsolete or incorrect.  Additionally, Counterparty and Dealer shall, promptly upon request by Dealer, provide such other tax forms and documents requested by Dealer or Counterparty, as applicable.

(o)    Waiver of Trial by Jury.  Each of Counterparty and DEALER hereby irrevocably waives (on its own behalf and, to the extent permitted by applicable law, on behalf of its stockholders) all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to the Transaction or the actions of DEALER or its affiliates in the negotiation, performance or enforcement hereof.
(p)    Governing Law; Jurisdiction.  THIS CONFIRMATION AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS CONFIRMATION SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES COURT FOR THE SOUTHERN DISTRICT OF NEW YORK IN CONNECTION WITH ALL MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO THE LAYING OF VENUE IN, AND ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO, THESE COURTS.
[Signature Page Follows]

    

Please confirm your agreement to be bound by the terms stated herein by executing the copy of this Confirmation enclosed for that purpose and returning it to us by mail or facsimile transmission to the address for Notices indicated above.
Yours sincerely,
BANK OF AMERICA, N.A.

By:      _______________________________
Name:
Title:

Confirmed as of the date first above written:

LIFELOCK, INC.

By:      _______________________________
Name:
Title:

ANNEX A
COUNTERPARTY SETTLEMENT PROVISIONS
1.    The following Counterparty Settlement Provisions shall apply to the extent indicated under the Confirmation:
		
	Settlement Currency:
	USD

		
	Settlement Method Election:
	Applicable; provided that (i) Section 7.1 of the Equity Definitions is hereby amended by deleting the word “Physical” in the sixth line thereof and replacing it with the words “Net Share” and (ii) the Electing Party may make a settlement method election only if the Electing Party represents and warrants to Dealer in writing on the date it notifies Dealer of its election that, as of such date, (A) none of Counterparty and its officers and directors is aware of any material nonpublic information regarding Counterparty or the Shares and (B) all reports and other documents filed by Counterparty with the Securities and Exchange Commission pursuant to the Exchange Act when considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading.

		
	Electing Party:
	Counterparty

Settlement Method 
		
	Election Date:
	The date that is the earlier of (i) 3 Exchange Business Days prior to the Scheduled Final Averaging Date and (ii) the second Exchange Business Day immediately following the Valuation Date.

		
	Default Settlement Method:
	Net Share Settlement

		
	Special Settlement:
	Either (i) a settlement to which this Annex A applies that follows the occurrence of a Transaction Announcement to which Section 9 of this Confirmation applies or (ii) any settlement to which paragraphs 2 through 5 of this Annex A apply that follows a termination or cancellation of the Transaction pursuant to Section 6 of the Agreement or Article 12 of the Equity Definitions to which Section 10(a) of this Confirmation applies.

Forward Cash Settlement 
		
	Amount:
	The Number of Shares to be Delivered multiplied by the Settlement Valuation Price.

		
	Settlement Valuation Price:
	The arithmetic average of the VWAP Prices for all Settlement Valuation Dates, subject to Averaging Date Disruption, determined as if each Settlement Valuation Date were an Averaging Date (with Averaging Date Disruption applying as if the last Settlement Valuation Date were the Final Averaging Date and the Settlement Valuation Price were the Settlement Price).

		
	Settlement Valuation Dates:
	A number of Scheduled Trading Days selected by Dealer in its reasonable discretion, beginning on the Scheduled Trading Day immediately following the later of the Settlement Method Election Date and the Final Averaging Date. 

		
	Cash Settlement:
	If Cash Settlement is applicable, then Counterparty shall pay to Dealer the absolute value of the Forward Cash Settlement Amount on the Cash Settlement Payment Date. 

Cash Settlement 
		
	Payment Date:
	The date one Settlement Cycle following the last Settlement Valuation Date.

Net Share Settlement

		
	Procedures:
	If Net Share Settlement is applicable, Net Share Settlement shall be made in accordance with paragraphs 2 through 5 below.

2.    Net Share Settlement shall be made by delivery on the Settlement Date of a number of Shares equal to the product of (i) the absolute value of the Number of Shares to be Delivered and (ii) 100%, plus a commercially reasonable amount determined by Dealer to account for the fact that such Shares will not be registered for resale; provided that in the case of a Special Settlement, Net Share Settlement shall be made (i) by delivery on the Cash Settlement Payment Date (such date, the “Net Share Settlement Date”) of a number of Shares (the “Restricted Payment Shares”) with a value equal to the absolute value of the Forward Cash Settlement Amount, with such Shares’ value based on the realizable market value thereof to Dealer (which value shall take into account an illiquidity discount resulting from the fact that the Restricted Payment Shares will not be registered for resale), as determined by the Calculation Agent in a good faith commercially reasonable manner (the “Restricted Share Value”), and paragraph 3 of this Annex A shall apply to such Restricted Payment Shares, and (ii) by delivery of the Make-Whole Payment Shares as described in paragraph 4 below. 
3.    (a)    All Restricted Payment Shares and Make-Whole Payment Shares shall be delivered to Dealer (or any affiliate of Dealer designated by Dealer) pursuant to the exemption from the registration requirements of the Securities Act provided by Section 4(2) thereof.
(b)    As of or prior to the date of delivery, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Dealer or any affiliate of Dealer designated by Dealer shall be afforded a commercially reasonable opportunity to conduct a due diligence investigation with respect to Counterparty customary in scope for private placements of equity securities for companies of a similar size (including, without limitation, the right to have made available to them for inspection all financial and other records, pertinent corporate documents and other information reasonably requested by them), subject to customary confidential agreement(s) between the parties.
(c)    As of the date of delivery, Counterparty shall use good faith commercially reasonable efforts to enter into an agreement (a “Private Placement Agreement”) with Dealer (or any affiliate of Dealer designated by Dealer) in connection with the private placement of such Shares by Counterparty to Dealer (or any such affiliate) and the private resale of such Shares by Dealer (or any such affiliate), substantially similar to private placement purchase agreements customary for private placements of equity securities for companies of a similar size, in form and substance commercially reasonably satisfactory to Dealer, which Private Placement Agreement shall include, without limitation, provisions substantially similar to those contained in such private placement purchase agreements relating to the indemnification of, and contribution in connection with the liability of, Dealer and its affiliates, and shall provide for the payment by Counterparty of all commercially reasonable fees and expenses in connection with such resale specified in writing in sufficient detail, including all commercially reasonable fees and expenses of counsel for Dealer, and shall contain representations, warranties and agreements of Counterparty reasonably necessary or advisable to establish and maintain the availability of an exemption from the registration requirements of the Securities Act for such resales.
(d)    Counterparty shall not take or cause to be taken any action that would make unavailable either (i) the exemption set forth in Section 4(2) of the Securities Act for the sale of any Restricted Payment Shares or Make-Whole Payment Shares by Counterparty to Dealer or (ii) an exemption from the registration requirements of the Securities Act reasonably acceptable to Dealer for resales of Restricted Payment Shares and Make-Whole Payment Shares by the Dealer (or an affiliate of Dealer). 
(e)    Counterparty expressly agrees and acknowledges that the public disclosure of all material information relating to Counterparty is within Counterparty’s control.
4.    If Restricted Payment Shares are delivered in accordance with paragraph 3 above, on the last Settlement Valuation Date, a balance (the “Settlement Balance”) shall be established with an initial balance equal to the absolute value of the Forward Cash Settlement Amount.  Following the delivery of Restricted Payment Shares or any Make-Whole Payment Shares, Dealer shall sell all such Restricted Payment Shares or Make-Whole Payment Shares in a commercially reasonable manner.  At the end of each Exchange Business Day upon which sales have been made, the Settlement Balance shall be reduced by an amount equal to the aggregate proceeds received by Dealer or its affiliate upon the sale of such Restricted Payment Shares or Make-Whole Payment Shares, less a customary and commercially reasonable private placement fee for private placements of common stock by issuers of a similar size.  If, on any Exchange Business Day, all Restricted Payment Shares and Make-Whole Payment Shares have been sold and the Settlement Balance has not been reduced to zero, Counterparty shall at its election (i) deliver to Dealer or as directed by Dealer one Settlement Cycle following such Exchange Business Day an additional number 

of Shares (the “Make-Whole Payment Shares” and, together with the Restricted Payment Shares, the “Payment Shares”) equal to (x) the Settlement Balance as of such Exchange Business Day divided by (y) the Restricted Share Value of the Make-Whole Payment Shares as of such Exchange Business Day or (ii) promptly deliver to Dealer cash in an amount equal to the then remaining Settlement Balance.  This provision shall be applied successively until either the Settlement Balance is reduced to zero or the aggregate number of Restricted Payment Shares and Make-Whole Payment Shares equals the Maximum Deliverable Number. If on any Exchange Business Day, Restricted Payment Shares and Make-Whole Payment Shares remain unsold and the Settlement Balance has been reduced to zero, Dealer shall promptly return such unsold Restricted Payment Shares or Make-Whole Payment Shares.
5.    Notwithstanding the foregoing, in no event shall Counterparty be required to deliver more than the Maximum Deliverable Number of Shares hereunder.  “Maximum Deliverable Number” means the number of Shares set forth as such in Annex B to this Confirmation.  Counterparty represents and warrants to Dealer (which representation and warranty shall be deemed to be repeated on each day from the date hereof to the Settlement Date or, if Counterparty has elected to deliver any Payment Shares hereunder in connection with a Special Settlement, to the date on which resale of such Payment Shares is completed (the “Final Resale Date”)) that the Maximum Deliverable Number is equal to or less than the number of authorized but unissued Shares of Counterparty that are not reserved for future issuance in connection with transactions in such Shares (other than the transactions under this Confirmation) on the date of the determination of the Maximum Deliverable Number (such Shares, the “Available Shares”).  In the event Counterparty shall not have delivered the full number of Shares otherwise deliverable as a result of this paragraph 5 (the resulting deficit, the “Deficit Shares”), Counterparty shall be continually obligated to deliver, from time to time until the full number of Deficit Shares have been delivered pursuant to this paragraph, Shares when, and to the extent that, (i) Shares are repurchased, acquired or otherwise received by Counterparty or any of its subsidiaries after the date hereof (whether or not in exchange for cash, fair value or any other consideration), (ii) authorized and unissued Shares reserved for issuance in respect of other transactions prior to such date which prior to the relevant date become no longer so reserved or (iii) Counterparty additionally authorizes any unissued Shares that are not reserved for other transactions.  Counterparty shall immediately notify Dealer of the occurrence of any of the foregoing events (including the number of Shares subject to clause (i), (ii) or (iii) and the corresponding number of Shares to be delivered) and promptly deliver such Shares thereafter.

ANNEX B

Prepayment Amount:            USD 50,000,000

		
	Scheduled Final Averaging Date:
	May 27, 2016 (or if such date is not an Exchange Business Day, the next following Exchange Business Day). 

		
	Final Date
	August 25, 2016

Scheduled Earliest Acceleration 
		
	Date:
	March 11, 2016 (or if such date is not an Exchange Business Day, the next following Exchange Business Day).

		
	Initial Shares:
	4,237,288 Shares; provided that if, in connection with the Transaction, Dealer is unable to borrow or otherwise acquire a number of Shares equal to the Initial Shares for delivery to Counterparty on the Initial Share Delivery Date, the Initial Shares delivered on the Initial Share Delivery Date shall be reduced to such number of Shares that Dealer is able to so borrow or otherwise acquire and Dealer shall use reasonable good faith efforts to borrow at a cost equal to or less than the Initial Stock Loan Rate or otherwise acquire a number of Shares equal to the shortfall in the Initial Share Delivery and to deliver such additional Shares as soon as reasonably practicable. The aggregate of all Shares delivered to Counterparty in respect of the Transaction pursuant to this paragraph shall be the “Initial Shares” for purposes of “Number of Shares to be Delivered” in the Confirmation.

		
	Price Adjustment Amount:
	USD 0.1304

		
	Maximum Stock Loan Rate:
	200 basis points

		
	Initial Stock Loan Rate:
	75 basis points

		
	Threshold Price:
	USD 5.00

		
	Maximum Deliverable Number:
	10,000,000 SharesSEC Exhibit

Exhibit 10.8

Advisory Agreement
LifeLock, Inc.
THIS AGREEMENT is made and entered into on February 18, 2016, by and between Ramakrishna “Schwark” Satyavolu, an individual (“Advisor”), whose address is set forth on the last page below, and LifeLock, Inc., a Delaware corporation (along with its affiliated companies, “the Company”), to be effective as of February 19, 2016 (“the Commencement Date), which shall also be the last day of employment of Advisor.  
The Company and Advisor hereby agree as follows:
1.Services.  Advisor has resigned from all positions as an employee and officer of the Company and the Company hereby engages Advisor to provide to the Company, and Advisor agrees to provide to the Company under the terms and conditions of this Agreement, certain services designated by the Company’s Chief Executive Officer, as follows (the “services” or “Services”):  (i) approximately 10 hours a month, as reasonably requested by the Company, to provide guidance on company strategy, operations, product features, organizational structure or other relevant matters; and (ii) Advisor will assist the Company with top talent recruiting efforts into positions to be designated by Advisor and the Company’s Chief Executive Officer, from time to time. As part of such resignation and transition to an advisory role, Advisor has executed the Release of Claims attached hereto as Attachment A.
2.Consideration.
a)In connection with Advisor’s prior employment with the Company, the Company granted to Advisor pursuant to LifeLock’s 2012 Incentive Compensation Plan (as amended, the “Plan”), a stock option to purchase up to 1,046,626 shares (the “Stock Options”) of LifeLock’s common stock, par value $0.001 per share (the “Common Stock”), pursuant to a Non-Qualified Stock Option Agreement dated on or about September 3, 2015 (the “Option Agreement”). None of the Stock Options underlying the Option Agreement have vested.
b)All of the Stock Options will continue to vest in accordance with the Option Agreement (25% on September 3, 2016, and the remaining 75% in equal monthly installments until they are fully vested on September 3, 2019), solely to the extent that Advisor is continuing to comply with the terms of this Agreement and provide the services required hereunder and continuously remains an advisor of the Company.
3.Expenses.  The Company will reimburse Advisor for reasonable and necessary out-of-pocket expenses incurred by Advisor in the performance of the Services, provided such out-of-pocket expenses are approved in advance by an officer of the Company and further are supported by reasonable documentation.  Such expenses will include reasonable travel expenses preapproved or requested by the Company and in accordance with the Company’s travel policy as it may exist from time to time.
4.Independent Contractor.  It is the express intention of the Company and Advisor that Advisor perform the Services as an independent contractor to the Company. Nothing in this Agreement shall in any way be construed to constitute Advisor as an agent, employee or representative of the Company. Without limiting the generality of the foregoing, Advisor is not authorized to bind the Company to any liability or obligation or to represent that Advisor has any such authority. Advisor agrees to furnish (or reimburse the Company for) all tools and materials necessary to accomplish this Agreement and shall incur all expenses associated with performance. Advisor acknowledges and agrees that Advisor is obligated to report as income all compensation received by Advisor pursuant to this Agreement. Advisor agrees to and acknowledges the obligation to pay all self-employment and other taxes on such income.
5.Benefits. The Company and Advisor agree that Advisor will receive no Company-sponsored benefits from the Company where benefits include, but are not limited to, paid vacation, sick leave, medical insurance and 401(k) participation. If Advisor is reclassified by a state or federal agency or court as the 

Company’s employee, Advisor will become a reclassified employee and will receive no benefits from the Company, except those mandated by state or federal law, even if by the terms of the Company’s benefit plans or programs of the Company in effect at the time of such reclassification, Advisor would otherwise be eligible for such benefits.
6.Term of Agreement: Termination.  The term of this Agreement and Advisor’s Services hereunder will commence as of the Commencement Date of this Agreement and unless terminated earlier as a result of the death, physical incapacity or mental incompetence of Advisor, which will result in automatic termination, or pursuant to this Section 6, it will continue in effect through September 30, 2016 (the “Initial Term”).  Notwithstanding anything herein to the contrary, if either party breaches in any material respect any of its material obligations under this Agreement, in addition to any other right or remedy, the non-breaching party may terminate this Agreement in the event that the breach is not cured within thirty (30) days after receipt by such party of written notice of such breach.  After the Initial Term this Agreement shall automatically be extended for consecutive thirty day periods (the period from the Commencement Date through the termination of this Agreement is referred to herein as, the “term of this Agreement”) unless otherwise terminated by either Company or Advisor by giving the other party at least thirty (30) days prior notice of the terminating party’s intent to terminate the Agreement and the date of such termination. Except as otherwise explicitly provided herein, Sections 7 through 15 will survive the termination or expiration of this Agreement for any reason.
7.Representations and Warranties of Advisor.  Advisor represents and warrants to the Company that (i) with respect to any information, know-how, knowledge or data disclosed by Advisor to the Company in the performance of this Agreement, Advisor has the full and unrestricted right to disclose the same; and (ii) Advisor is free to undertake the Services required by this Agreement, and there is, and will be, no conflict of interest between Advisors performance of this Agreement and any obligation Advisor may have to other parties.
8.Covenants of Advisor.  During the term of this Agreement, Advisor will not become employed by, advise, become associated with, or perform consulting services for any commercial, for profit enterprise that is, or, as a result of such activities, would become, a competitor in the Company’s field of business or otherwise would create a conflict of interest for Advisor with Advisor’s obligations to the Company.
9.Advertising.  Advisor will not in any way or in any form publicize or advertise in any manner the fact that it is performing the services called for by this Agreement without the prior written consent of the Company.
10.Restriction on Solicitation and Disruption of Company Business.  During the term of this Agreement and for one year thereafter, Advisor agrees and covenants not to disrupt or interfere with the business of the Company by directly or indirectly soliciting, recruiting, attempting to recruit, or raiding the employees of the Company or otherwise inducing the termination of employment of any employee of the Company or retaining the services of or engaging with any such employees or employees who during the terms of this Agreement were employees of the Company within six (6) months prior to such engagement by Advisor.  Advisor also agrees and covenants not to use the Company’s Confidential Information to directly or indirectly solicit the employees of the Company to terminate their employment with, or otherwise cease their relationships with the Company or to induce any customer, partner or vendor of the Company to cease its business dealings with the Company. If Advisor violates this Paragraph 10, Advisor forfeits any consideration Advisor receives hereunder, and this Agreement terminates immediately.
11.Confidentiality
a)Definition of Confidential Information.  “Confidential Information” means any information (including any and all combinations of individual items of information) that relates to the actual or anticipated business, business dealings and/or products, research or development of the Company, its 

affiliates or subsidiaries or any other information that by its nature can reasonably be expected to be proprietary or confidential in nature, or to the Company’s, its affiliates’ or subsidiaries’ technical data, trade secrets, or know-how, including, but not limited to, research, product plans, or other information regarding the Company’s, its affiliates’ or subsidiaries’ products or services and markets therefor, customer lists and customers (including, but not limited to, customers of the Company on whom Advisor called or with whom Advisor became acquainted during the term of this Agreement), customers or partners business levels and engagement terms, employee ranking and ratings and related assessments, roadmaps and features, software, developments, inventions, discoveries, ideas, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, and other business information disclosed by the Company, its affiliates or subsidiaries, either directly or indirectly, in writing, orally or by drawings or inspection of premises, parts, equipment, or other property of Company, its affiliates or subsidiaries.  Notwithstanding the foregoing, Confidential Information shall not include any such information which Advisor can establish (i) was publicly known or made generally available prior to the time of disclosure to Advisor; (ii) becomes publicly known or made generally available after disclosure to Advisor through no wrongful action or inaction of Advisor; or (iii) is in the rightful possession of Advisor, without confidentiality obligations, at the time of disclosure as shown by Advisor’s then-contemporaneous written records; provided that any combination of individual items of information shall not be deemed to be within any of the foregoing exceptions merely because one or more of the individual items are within such exception, unless the combination as a whole is within such exception.
b)Nonuse and Nondisclosure.  During and after the term of this Agreement, Advisor will hold in the strictest confidence, and take all reasonable precautions to prevent any unauthorized use or disclosure of Confidential Information, and Advisor will not (i) use the Confidential Information for any purpose whatsoever other than as necessary for the performance of the Services on behalf of the Company, or (ii) disclose the Confidential Information to any third party without the prior written consent of an authorized representative of Company, except that Advisor may disclose Confidential Information to the extent compelled by applicable law; provided however, prior to such disclosure, Advisor shall provide prior written notice to Company and seek a protective order or such similar confidential protection as may be available under applicable law.  Advisor agrees that no ownership of Confidential Information is conveyed to the Advisor.  Without limiting the foregoing, Advisor shall not use or disclose any Company property, intellectual property rights, trade secrets or other proprietary know-how of the Company to invent, author, make, develop, design, or otherwise enable others to invent, author, make, develop, or design identical or substantially similar designs as those developed under this Agreement for any third party.  Advisor agrees that Advisor’s obligations under this Section shall continue after the termination of this Agreement. Upon the termination of this Agreement, or upon Company’s earlier request, Advisor will immediately deliver to the Company, and will not keep in Advisor’s possession, recreate, or deliver to anyone else, any and all Company property, including, but not limited to, Confidential Information (as defined below), tangible embodiments of the Inventions, all devices and equipment belonging to the Company, all electronically-stored information and passwords to access such property and any reproductions of any of the foregoing items that Advisor may have in Advisor’s possession or control.
c)Other Client Confidential Information.  Advisor agrees that Advisor will not improperly use, disclose, or induce the Company to use any proprietary information or trade secrets of any former or current employer of Advisor or other person or entity with which Advisor has an obligation to keep in confidence.  Advisor also agrees that Advisor will not bring onto the Company’s premises or transfer onto the Company’s technology systems any unpublished document, proprietary information, or trade secrets belonging to any third party unless disclosure to, and use by, the Company has been consented to in writing by such third party.
d)Third Party Confidential Information.  Advisor recognizes that the Company has received and in the future will receive from third parties their confidential or proprietary information subject 

to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited purposes.  Advisor agrees that at all times during the term of this Agreement and thereafter, Advisor owes the Company and such third parties a duty to hold all such confidential or proprietary information in the strictest confidence and not to use it or to disclose it to any person, firm, corporation, or other third party except as necessary in carrying out the Services for the Company consistent with the Company’s agreement with such third party.
12.Ownership.  Advisor agrees and acknowledges that he continues to be bound by all of the terms of the Proprietary Rights and Non-Solicitation Agreement between Advisory and the Company dated February 9, 2015 and that such agreement shall continue to apply to the Services provided hereunder.
13.Indemnification.  The Company will indemnify Advisor for any claim made against him as a result of actions taken by him as part of the services provided by him to the Company at the direction and/or request of the Company. Advisor will indemnify the Company for any claims made against the Company resulting from willful misconduct of the Advisor resulting in claims of employment relationship made against the Company as a result of the Services.
14.LIMITATION OF LIABILITY.  OTHER THAN THE INDEMNIFICATION OBLIGATIONS IN SECTION 13 ABOVE, IN NO EVENT SHALL COMPANY BE LIABLE TO ADVISOR OR TO ANY OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, OR DAMAGES FOR LOST PROFITS OR LOSS OF BUSINESS, HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE) OR OTHER THEORY OF LIABILITY, REGARDLESS OF WHETHER COMPANY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND NOTWITHSTANDING THE FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.  OTHER THAN THE INDEMNIFICATION OBLIGATIONS IN SECTION 13 ABOVE, IN NO EVENT SHALL COMPANY’S LIABILITY ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT EXCEED THE AMOUNTS PAID BY COMPANY TO ADVISOR UNDER THIS AGREEMENT FOR THE SERVICES, DELIVERABLES OR INVENTION GIVING RISE TO SUCH LIABILITY.
15.Arbitration.  If the parties should have a dispute, claim or controversy arising out of or relating to this Agreement, or the parties’ respective rights and duties hereunder, then the parties will refer the matter to, and have it resolved by, binding arbitration.  For purposes of this Section 15, references to the “Company” include all parent, subsidiary, or related entities and their executives, supervisors, officers, directors, agents, pension or benefit plans, pension or benefit plan sponsors, fiduciaries, administrators, affiliates, and all successors and assigns of any of them, and this Agreement shall apply to them to the extent the Advisor’s claims arise out of or relate to their actions on behalf of the Company.  The arbitration shall be conducted in Mountain View, California by a single neutral arbitrator and administered exclusively by JAMS and shall be conducted consistent with the rules, regulations and requirements thereof.  The parties are entitled to representation by an attorney or other representative of their choosing.  Any arbitral award determination shall be final and binding upon both parties and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.  All expenses of arbitration shall be split equally by the Company and the Executive unless applicable law requires otherwise with respect to the payment of arbitration expenses.  EACH PARTY FULLY UNDERSTANDS AND AGREES THAT THEY ARE GIVING UP CERTAIN RIGHTS OTHERWISE AFFORDED TO THEM BY CIVIL COURT ACTIONS, INCLUDING BUT NOT LIMITED TO THE RIGHT TO A JURY TRIAL.
16.Miscellaneous.  This Agreement, together with the LifeLock, Inc. Proprietary Rights and Non-Solicitation Agreement, the Release of Claims, and the Option Agreement, contain the entire understanding of the parties with respect to the matters contained herein, and supersedes all proposals and agreements, written or oral, and all other communications between the parties relating to the subject matter of this Agreement.  This Agreement will be governed by and construed in accordance with the laws of the State of 

California without regard to its conflict-of-laws rules.  Advisor and the Company each hereby submit to the exclusive personal jurisdiction of the federal and state courts located in California in connection with any disputes as to the meaning, effect, performance or validity of this Agreement or arising out of, related to, or in any way connected with, this Agreement or your relationship with the Company.  This Agreement may not be modified or amended except in writing signed or executed by Advisor and the Company.  In the event any provision of this Agreement is held to be unenforceable or invalid because it is overbroad or too far reaching, such provision will be deemed to be revised so that it applies to the maximum extent permitted by law.  This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original, but all of which together will constitute but one and the same instrument.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date first set forth above.
ADVISOR
By:     /s/ Ramakrishna Satyavolu
Name: Ramakrishna “Schwark” Satyavolu 
Date: February 19, 2016
LIFELOCK, INC.
By:    /s/ Hilary Schneider
Name: Hilary Schneider
Date: February 19, 2016

RELEASE OF CLAIMS
This Agreement and Release of Claims (“Agreement”) is entered into as of this ____________, 2016 by and between Ramakrishna “Schwark” Satyavolu, (“EMPLOYEE”), and LifeLock, Inc., a Delaware corporation, including its subsidiaries and/or affiliated entities (the “COMPANY”), sometimes collectively referred to as the “PARTIES.”
1.EMPLOYEE has resigned as an employee and officer of the COMPANY and EMPLOYEE’s employment with COMPANY terminated on February 19, 2016 (the “SEPARATION DATE”).
2.The PARTIES wish to resolve any and all disputes, claims, complaints, grievances, charges, actions, petitions, and demands that the EMPLOYEE may have against the COMPANY and any of the RELEASED PARTIES as defined below, including, but not limited to, any and all claims arising out of or in any way related to EMPLOYEE’s employment with or separation from the COMPANY.
3.Acknowledgements.  EMPLOYEE acknowledges:
a)receipt of payment for all time worked, including accrued paid time off, through SEPARATION DATE, less usual deductions. EMPLOYEE further acknowledges and agrees that following the SEPARATION DATE, he is not entitled to any other accrued benefits as a result of his employment with COMPANY;
b)no promise or representation not contained in this Agreement has been made to EMPLOYEE;
c)in connection with his employment with COMPANY, COMPANY granted to EMPLOYEE pursuant to LifeLock’s 2012 Incentive Compensation Plan (as amended, the “Plan”), a stock option to purchase up to 1,046,626 shares (the “Stock Options”) of LifeLock’s common stock, par value $0.001 per share (the “Common Stock”), pursuant to a Non-Qualified Stock Option Agreement for EMPLOYEE dated on or about September 3, 2015 (the “Option Agreement”);
d)in connection with his employment with COMPANY, COMPANY granted to EMPLOYEE pursuant to the Plan 161,249 Restricted Stock Units (the “RSUs”) pursuant to a Restricted Stock Unit Agreement for EMPLOYEE dated on or about February 18, 2015 (the “RSU Agreement”);
e)none of the Stock Options underlying the Option Agreement have vested;
f)none of the shares of Common Stock underlying the RSUs have vested as of the SEPARATION DATE;
g)all shares underlying the RSU Agreement shall terminate, expire, lapse, and be null and void as of the SEPARATION DATE; and
h)all of the Stock Options will continue to vest following the SEPARATION DATE in accordance with the Option Agreement (25% on September 3, 2016, and the remaining 75% in equal monthly installments until they are fully vested on September 3, 2019) as long as EMPLOYEE is providing the services designated in the Advisor Agreement to which this Agreement is attached and complying with the terms thereof.
4.Consideration.  Concurrently with this Agreement, EMPLOYEE is entering into an Advisor Agreement and receiving the benefits described therein.  EMPLOYEE acknowledges and agrees that this Agreement includes substantial consideration to EMPLOYEE to which he would not be entitled if he did not enter into this Agreement and the Advisor Agreement.  
5.EMPLOYEE’s Release of Claims.  In consideration for the promises and undertakings contained in this Agreement, including, without limitation, the consideration set forth in Paragraph 4, 

EMPLOYEE, on behalf of himself, his spouse (if any) and his marital community (if applicable), as well as EMPLOYEE’S heirs, agents, assigns, and executors, hereby releases, absolves and discharges COMPANY, including its current and former directors, officers, representatives, agents, employees, attorneys, subsidiaries, departments, units, parent corporations, sister corporations, joint ventures, and related entities, as well as its predecessors, successors, and assigns (including its 401(k) plan) (collectively referred to as “RELEASED PARTIES”), from any and all claims, demands, contracts, costs, actions, suits, causes of action, wages, obligations, damages, judgments, orders and liabilities of whatever kind or nature, including specifically, but not exclusively, any and all claims, demands, agreements, obligations, and causes of action, known or unknown at the time of execution of this Agreement, suspected or unsuspected by EMPLOYEE  including, but not limited to, any and all claims under Title VII of the Civil Rights Act of 1964, as amended; the Family and Medical Leave Act; the Americans with Disabilities Act; the Employee Retirement Income Security Act (ERISA); the National Labor Relations Act; the California Fair Employment and Housing Act, the California Labor Code, California Government Code section 12900; all federal, state, and local civil rights laws, statutes, regulations, ordinances, or orders; and any other provision or theory of law arising out of any federal or state constitution, statute, regulation, ordinance, civil code, administrative code, or common law, either in tort or in contract, including, but not limited to, all claims arising out of or incident to EMPLOYEE’s employment with COMPANY and the circumstances of the termination of EMPLOYEE’s employment by COMPANY.  This Agreement does not release any claims arising after the SEPARATION DATE, any vested account balance under the COMPANY’s 401(k) Plan, any vested rights under any COMPANY-sponsored or administered welfare benefit plan, or any claims that cannot be released as a matter of law, including, but not limited to, EMPLOYEE’S right to file a charge with or participate in a charge by the Equal Employment Opportunity Commission, or any other local, state, or federal administrative body or government agency that is authorized to enforce or administer laws related to employment, against the COMPANY (with the understanding that any such filing or participation does not give EMPLOYEE the right to recover any monetary damages against the COMPANY; EMPLOYEE’S release of claims herein bars EMPLOYEE from recovering such monetary relief from the COMPANY).  EMPLOYEE agrees that the release set forth in this section shall be and remain in effect in all respects as a complete general release as to the matters released.  This release does not extend to any obligations incurred under this Agreement.  EMPLOYEE represents that he has made no assignment or transfer of any right, claim, complaint, charge, duty, obligation, demand, cause of action, or other matter waived or released by this Section.
a)EMPLOYEE represents and warrants that: he has fully complied with the COMPANY’s Code of Conduct and Employee Handbook during his employment with the COMPANY; and he is not aware of any act, failure to act, policy or activity of the COMPANY or any other Released Party which EMPLOYEE considers to be or to have been unlawful or potentially unlawful.
b)EMPLOYEE is advised of his right to consult with an attorney of his own choosing, at EMPLOYEE’s expense, before executing this Agreement.  EMPLOYEE further acknowledges and represents that he discussed all aspects of this Agreement with counsel of his choosing, or had the opportunity to do so; that he has carefully read and fully understands all of the provisions of this Agreement, including the fact that he is releasing claims and potential claims against the COMPANY and RELEASED PARTIES; and that he is entering into this Agreement, without coercion, and with full knowledge of its significance and the legal consequences thereof.
c)This Agreement must be signed and delivered to Michelle Eisenstat, 60 E. Rio Salado Pkwy #400, Tempe, AZ 85281, michelle.eisenstat@lifelock.com, by no later than March 2, 2016, in order to be effective.
d)     COMPANY’S Release of Claims: Company, on behalf of itself and its predecessor and successor corporations and assigns, hereby and forever releases Employee, and agrees not to sue Employee concerning, or in any manner to institute, prosecute, or pursue, any claim, complaint, charge, duty, 

obligation, or cause of action relating to any matters of any kind, that Company’s Chief Executive Officer or President has knowledge of against Employee arising from any omissions, acts, facts, or damages that have occurred up until and including the Effective Date of this Agreement, including, without limitation any and all claims relating to or arising from Employee’s employment relationship with the Company and the termination of that relationship. This release does not release claims that cannot be released as a matter of law.  The Company represents that it has made no assignment or transfer of any right, claim, complaint, charge, duty, obligation, demand, cause of action, or other matter waived or released by this Section.
6.No Admission of Liability.  By entering into this Agreement, COMPANY does not admit to any liability or wrongdoing whatsoever to EMPLOYEE or with respect to any claims heretofore or hereinafter asserted by EMPLOYEE and COMPANY expressly denies any and all such liability and wrongdoing.  In addition, COMPANY and EMPLOYEE acknowledge and agree that this Agreement may not be used as evidence to prove any alleged wrong, other than a failure to comply with the terms of this Agreement, in any action or proceeding initiated by EMPLOYEE or any other individual or entity against COMPANY.  The PARTIES agree that this Agreement may be used as evidence in any action to enforce the terms of this Agreement.
7.California Civil Code Section 1542. It is the intention of EMPLOYEE in executing this Agreement that it shall be effective as a bar to each and every claim, demand and cause of action arising from, or related to, EMPLOYEE’s employment with, or termination of employment from COMPANY, and in furtherance of this intention EMPLOYEE expressly waives any and all rights and benefits conferred upon him by the provisions of Section 1542 of the California Civil Code, and expressly consent that this Agreement shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected claims, demands and causes of action, if any, and those relating to any other claims, demands and causes of action hereinabove specified.  California Civil Code Section 1542 provides:
A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.
8.California Labor Code Section 206.5.  EMPLOYEE agrees that he is in receipt of all wages due, and that any claims for wage and hour and payroll practice violations are disputed, and that the payments set forth herein constitute payment in full of any and all amounts allegedly due EMPLOYEE.  In light of the foregoing, EMPLOYEE shall be deemed to have acknowledged and agreed that California Labor Code section 206.5 is not applicable to the PARTIES hereto.  That section provides in pertinent part as follows:
An employer shall not require the execution of a release of a claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of those wages has been made.
9.    Waiver of Age Discrimination Claims and Time Period to Revoke the Agreement.  EMPLOYEE acknowledges and understands that the release of claims under the Age Discrimination in Employee Act of 1967 (“ADEA”) is subject to special waiver protections under 29 U.S.C. § 626(f).  In accordance with that section, EMPLOYEE specifically agrees that he is knowingly and voluntarily releasing and waiving any rights or claims of discrimination under the ADEA.  In particular, he acknowledges that he understands the following:
a)He is not waiving rights or claims for age discrimination under the ADEA that may arise after the date he signs this Agreement;

b)He is waiving rights or claims for age discrimination under the ADEA in exchange for the consideration set forth in Paragraph three (3) of this Agreement, which is in addition to anything of value to which he is already entitled;
c)He was advised and hereby is advised in writing to consider the terms of this Agreement and consult with an attorney of his choice prior to executing this Agreement;
d)He has twenty-two (22) days within which to consider this Agreement.  If EMPLOYEE returns the signed Agreement prior to the expiration of the twenty-two (22) day period, EMPLOYEE acknowledges that he is knowingly and voluntarily waiving right EMPLOYEE may have to review the Agreement for longer;
e)He understands that for a period of seven (7) days after his execution of this Agreement, he may revoke this Agreement after execution by notifying Company in writing.  Such writing must be received by Company no later than 11:59 p.m. on the seventh (7th) day after his execution of this Agreement to Michelle Eisenstat at the address provided in Paragraph 5(c) above.
f)He understands that this Agreement will not become effective or enforceable unless and until he has not revoked it and the applicable revocation period set forth above has expired.
g)He understands that nothing in this Agreement prevents or precludes him from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so, unless specifically authorized by federal law.
10.Return of COMPANY Property.  EMPLOYEE represents, covenants and agrees that within three (3) business days of the last day of his employment with the COMPANY, he shall return or cause to be returned, or has returned, to the COMPANY all property of the COMPANY in his actual or constructive possession, except the property which he and the CEO agree in writing (via email) is necessary for him to continue to provide the Services under this Agreement.  The COMPANY property described in this Paragraph 10 shall include, but not be limited to, COMPANY’s files, notes, e-mails, calendars, memoranda correspondence, agreements, lists, drawings, records, plans and forecasts, financial information, personnel information, customer and customer prospect information, specifications, computer-recorded information, tangible property, equipment, credit cards, entry cards, identification badges, keys, cellular telephones, smart phones, PDAs, tablets, laptops and any other materials of any kind (whether in electronic or hard copy form) and all reproductions thereof.
11.Confidentiality.  Except as otherwise prohibited or authorized by law, EMPLOYEE agrees that he will not publicize or disclose the terms of this Agreement to the public generally except that EMPLOYEE may disclose the terms of this Agreement to his spouse, attorneys and/or tax advisors, provided they agree to equally be bound by this confidentiality provision.  COMPANY and EMPLOYEE agree that it shall not be a breach of this Agreement if disclosure of any information covered by this paragraph has been compelled through the issuance of compulsory legal process, provided, however, that in such case, EMPLOYEE agrees to give COMPANY reasonable notice of the order or subpoena in question and an opportunity to challenge the disclosure of any such information before the appropriate court or agency.  All costs and fees shall be borne by the party seeking to challenge the disclosure of the terms of the Agreement.  EMPLOYEE agrees to give such notice to COMPANY, in writing, to the VP, HR at the address provided in Paragraph 5(c) above.  It shall not be a breach of this paragraph to disclose the terms of this Agreement in a suit to enforce the terms of this Agreement or defend a claim that this Agreement has been breached.  EMPLOYEE acknowledges, understands, and agrees that this confidentiality provision is a material term of this Agreement. Nothing herein shall restrict the COMPANY’S ability to disclose the terms of this Agreement in order to comply with applicable law, including its securities filings.

12.Non-Disparagement.  EMPLOYEE agrees that he will not disparage COMPANY, or any of COMPANY’s parents, subsidiaries and/or affiliates, and their managers, supervisors, officers, directors, employees, shareholders, and agents, in any manner likely to be harmful to them or their business, business reputation or personal reputation.  EMPLOYEE further agrees to refrain from any tortious interference with the contracts and relationships of any of the RELEASED PARTIES. This agreement not to disparage includes, but is not limited to, publishing disparaging statements (whether anonymously or for ascription) on the web, in blogs, in chat rooms, in e-mails or in any other electronic means of transmitting information.  COMPANY agrees that the CEO, her direct reports and the Board will be instructed by the General Counsel not to disparage EMPLOYEE in any manner likely to be harmful to him or his or personal reputation.
Nothing in this Agreement shall be construed as a basis for interfering with EMPLOYEE’s protected right to file a timely charge with, or participate in an investigation or proceeding conducted by, the EEOC, or any other state, federal or local government  entity;  provided,  however,  if  the  EEOC  or  any  other  state,  federal  or  local government entity commences an investigation on EMPLOYEE’s behalf, EMPLOYEE specifically waives and releases EMPLOYEE’s rights, if any, to recover any monetary or other benefits of any sort whatsoever arising from any such investigation or otherwise.
13.Non-Disclosure of Confidential Information.  During employment, EMPLOYEE was given access to the confidential and proprietary information of COMPANY and its parents, subsidiaries and/or affiliates.  EMPLOYEE agrees that he will not disclose or use confidential or proprietary information of COMPANY, its parents, subsidiaries and/or affiliates.  EMPLOYEE understands that COMPANY, its parents, subsidiaries and/or affiliates may seek from a court of competent jurisdiction an injunction to prohibit such disclosure.
14.Assistance with Litigation.  EMPLOYEE hereby agrees to use commercially reasonable efforts to provide assistance to COMPANY, its parents, subsidiaries and/or affiliates, upon COMPANY’s request, regarding any investigation, litigation, regulatory, and/or arbitration matters, which may include, without limitation, communicating and/or meeting with COMPANY’s representatives and COMPANY’s attorneys, giving deposition testimony, attending depositions, reviewing pleadings and discovery, and attending and giving testimony in court and arbitration proceedings.  COMPANY hereby agrees to engage and pay the costs of separate legal counsel to represent EMPLOYEE solely and exclusively with respect to the preparation time for, and the actual appearance at, any deposition, hearing, or other legal proceeding by EMPLOYEE if COMPANY or COMPANY’s attorneys request that EMPLOYEE appear at any deposition, hearing, or other legal proceeding.  EMPLOYEE hereby acknowledges and agrees that COMPANY has no obligation to engage or pay the costs of legal counsel for EMPLOYEE for any representation other than expressly stated in this Paragraph 14 including, without limitation, representation in connection with this Agreement.  Nothing in this Paragraph 14 or the Agreement is in anyway intended to influence, dictate or otherwise affect the content of testimony or other sworn statements of EMPLOYEE.
15.No Pending or Future Lawsuits.  EMPLOYEE represents that he has no lawsuits, claims, or actions pending in his name, or on behalf of any other person or entity, against the COMPANY or any of the other RELEASED PARTIES.  EMPLOYEE also represents that he does not intend to bring any claims on his own behalf or on behalf of any other person or entity against the COMPANY or any of the other RELEASED PARTIES.
16.Tax Consequences.  The COMPANY makes no representations or warranties with respect to the tax consequences of the payments and any other consideration provided to EMPLOYEE or made on his behalf under the terms of this Agreement.  EMPLOYEE agrees and understands that he is responsible for payment, if any, of local, state, and/or federal taxes and related costs on the payments and any other consideration provided hereunder by the COMPANY and any penalties or assessments thereon.  EMPLOYEE further agrees to indemnify and hold the RELEASED PARTIES harmless from any claims, demands, 

deficiencies, penalties, interest, assessments, executions, judgments, or recoveries by any government agency against the COMPANY for any amounts claimed due on account of (a) EMPLOYEE’S failure to pay or delayed payment of federal or state taxes, or (b) damages sustained by the COMPANY by reason of any such claims, including attorneys’ fees and costs.
17.Integration and Severability.  This Agreement, along with its exhibits,  agreements regarding EMPLOYEE’S equity, and the Proprietary Rights and Non-Solicitation Agreement between COMPANY and EMPLOYEE, dated February 9, 2015, constitutes the entire understanding and agreement between the PARTIES with respect to the subject matter hereof, and, except as otherwise provided herein, cancels all prior or contemporaneous oral or written understandings, negotiations, agreements, commitments, representations, and promises in connection herewith.  Notwithstanding the forgoing, nothing set forth in this Agreement shall cancel, terminate, modify, suspend, or otherwise affect those obligations set forth in the Proprietary Rights and Non-Solicitation Agreement between COMPANY and EMPLOYEE, dated February 9, 2015.  Nothing in this Agreement shall affect or limit COMPANY’s rights to enforce any lawful restrictive covenant previously agreed to by EMPLOYEE.  Should any provision of this Agreement be held illegal or unenforceable in a final judgment of any court of competent jurisdiction as to the parties bound by such judgment, such provision shall be deemed severed from this Agreement, and the remainder of this Agreement shall be considered in full force and effect.
18.Choice of Law.  This Agreement shall be construed and interpreted in accordance with the laws of the State of California.  Should any valid federal or state law or final determination of any administrative agency or court of competent jurisdiction affect any provision of this Agreement, the provision or provisions so affected shall be automatically conformed to the law and otherwise this Agreement shall continue in full force and effect.
Any action or proceeding by either party to enforce this Agreement based on, arising out of, or in connection with this Agreement shall be brought exclusively in the state or federal courts located in the County of Santa Clara, California, and the PARTIES expressly submit to the personal jurisdiction of those courts.  The PARTIES hereby expressly waive, to the fullest extent permitted by law, any objection that they may now or hereafter have, to the laying of venue of any such litigation brought in any such court referred to above, including without limitation any claim that any such litigation has been brought in an inconvenient forum.
19.Amendment.  This Agreement shall be binding upon the parties hereto and may not be amended, supplemented, changed, or modified in any manner, orally or otherwise, except by an instrument in writing of concurrent or subsequent date signed by all of the PARTIES hereto.
20.No Assignment.  All PARTIES who execute this Agreement hereby warrant and represent that they are the owners of all rights and claims being released herein, and that no portions of those rights have been transferred to any other person or entity.  EMPLOYEE and COMPANY further agree to hold each other harmless from and against any and all claims, actions, or causes of action which have been assigned or transferred contrary to the foregoing representation and from any and all losses, expenses, and/or liability arising directly or indirectly from the breach of any of the foregoing representations or warranties.
21.Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument.
22.Drafting.  This Agreement is to be interpreted without regard to the drafter.  The terms and intent of this Agreement, with respect to the rights and obligations of all PARTIES identified in this Agreement, shall be interpreted and construed on the express assumption that all parties participated equally in its drafting.
23.Outside Influence.  EMPLOYEE and COMPANY represent and declare that in executing this Agreement they rely solely upon their own judgment, belief and knowledge, and the advice and 

recommendations of their own independently selected legal counsel, concerning the nature, extent and duration of their rights and claims, and that they have not been influenced to any extent whatsoever in executing the same by any of the PARTIES hereto or by any person representing them.
24.Attorneys’ Fees.  Except with regard to a legal action challenging or seeking a determination in good faith of the validity of the waiver herein under the ADEA, in the event that either Party brings an action to enforce or effect its rights under this Agreement, the prevailing Party shall be entitled to recover its costs and expenses, including the costs of mediation, arbitration, litigation, court fees, and reasonable attorneys’ fees incurred in connection with such an action.

ADVISOR
By:     /s/ Ramakrishna Satyavolu
Name: Ramakrishna “Schwark” Satyavolu 
Date: February 19, 2016
LIFELOCK, INC.
By:    /s/ Hilary Schneider
Name: Hilary Schneider
Date: February 19, 2016

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}]]