Document:

Exhibit 10.12

 Exhibit 10.12 
  
 CBEYOND COMMUNICATIONS, INC. 2000 STOCK INCENTIVE PLAN
(AS AMENDED) 
  

	Article 1.	Establishment, Objectives and Duration 

  
 1.1 Establishment of the Plan. Cbeyond Communications, Inc., a Delaware corporation, has adopted this “Cbeyond Communications, Inc.
2000 Stock Incentive Plan.” Capitalized terms will have the meanings given to them in Article 2. The Plan permits the grant of Nonqualified Stock Options, Incentive Stock Options, Restricted Stock, Performance Shares, and Stock Appreciation
Rights. 
  
 1.2 Objectives of the Plan. The
Plan’s purpose is to optimize the profitability and growth of the Company through long-term incentives that are consistent with the Company’s objectives and that link Participants’ interests to those of the Company’s
stockholders; to give Participants an incentive for excellence in individual performance; to promote teamwork among Participants; and to give the Company a significant advantage in attracting and retaining key employees, directors and consultants.

  
 1.3 Effective Date and Term of the Plan. 
  
 (a) The Plan will be effective August 18, 2000. No Option
granted under the Plan may be exercised, and no Shares will be issued under the Plan, until the Company’s stockholders approve the Plan. If such stockholder approval is not obtained within twelve (12) months after the date of the Board’s
adoption of the Plan, then all Awards previously granted under the Plan will terminate and cease to be outstanding, and no further Awards will be made and no shares will be issued under the Plan. Subject to such limitation, the Board may make Awards
and issue Shares under the Plan at any time after the Plan’s Effective Date and before the date fixed herein for termination of the Plan. 
  
 (b) The Plan will terminate upon the earliest of (i) the expiration of the ten (10) year period measured from the date the Board adopts
the Plan, (ii) the expiration of the ten (10) year period measured from the date the Company’s stockholders approve the Plan, or (iii) the date on which all Shares available for issuance under the Plan have been issued pursuant to the exercise
of Options or the Award of Shares (whether vested or unvested) under the Plan. Upon such Plan termination, all Awards outstanding under the Plan will continue to have full force and effect in accordance with the terms of the Award Agreement
evidencing such Award. 
  

	Article 2.	Definitions 

  
 Whenever used in the Plan, the following terms have the meanings set forth below, and when the meaning is intended, the initial letter of the word will be
capitalized: 
  
 “Advisor” means a consultant,
advisor or other independent service provider to any of the Company Parties, or an individual who is not an Employee, but is an employee of any of the Company Parties. 
  
 “Affiliate” means any corporation that is a parent or subsidiary corporation (as Code Sections 424(e) and
(f) define those terms) with respect to the Company. 
  

 “Award” means, individually or collectively, a grant under this Plan to a Participant of
Nonqualified Stock Options, Incentive Stock Options, Restricted Stock, Performance Shares, or Stock Appreciation Rights. 
  
 “Award Agreement” means an agreement entered into between the Company and a Participant setting forth the terms and provisions applicable
to an Award or Awards granted to the Participant. 
  
 “Base Rate” means, on any date, a variable rate per annum equal to the rate of interest most recently published by The Wall Street Journal as the “prime rate” at large U.S. money center banks. 

 
 “Beneficial Owner” or “Beneficial
Ownership” has the meaning ascribed to that term in Rule 13d-3 of the General Rules and Regulations under the Exchange Act. 
  
 “Board” or “Board of Directors” means the Board of Directors of the Company. 
  
 “Cause” will have the meaning set forth in any employment,
consulting, or other agreement between any of the Company Parties and the Participant. If there is no employment, consulting, or other agreement between any of the Company Parties and the Participant, or if such agreement does not define
“Cause,” then “Cause” will mean the Participant’s (i) theft or embezzlement, or attempted theft or embezzlement, of money or property of any of the Company Parties, perpetration or attempted perpetration of fraud, or
participation in a fraud or attempted fraud, on any of the Company Parties, or unauthorized appropriation of, or attempt to misappropriate, any tangible or intangible assets or property of any of the Company Parties, (ii) act or acts of disloyalty,
moral turpitude or material misconduct that is injurious to the interest, property, value, operations, business or reputation of any of the Company Parties, or conviction of a crime that results in injury to any of the Company Parties or (iii)
repeated refusal (other than by reason of Total and Permanent Disability) to carry out reasonable instructions from his or her superiors or the Board. 
  
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
  
 “Committee” means, as specified in Article 3, a Committee
the Board may appoint to administer the Plan. 
  
 “Common
Stock” means the Company’s Common Stock, par value $.01 per share. 
  
 “Company” means Cbeyond Communications, Inc., a Delaware corporation, and any successor thereto as provided in Article 17. 
  
 “Company Parties” means, collectively and without duplication, the Company, the LLC, Investors LLC, and any
of their Subsidiaries or Affiliates. 
  
 “Designated
Beneficiary” means the Person or Persons the Participant designates in a signed writing, filed with the Company, as the beneficiary of any amounts or benefits the Participant owns or is to receive under the Plan. If the Participant has not
designated a beneficiary under the Plan, or if the Participant’s Designated Beneficiary is not living on the 

  

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relevant date hereunder, the Company will treat the Participant’s estate as the Designated Beneficiary. 
  
 “Director” means any individual who is a member of the Board
of Directors. 
  
 “Effective Date” means August
18, 2000. 
  
 “Employee” means a person employed
by the Company or an Affiliate in a common law employee-employer relationship. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
  
 “Exercise Price” means the price at which a Participant may purchase a Share pursuant to an Option.

  
 “Fair Market Value” means, as it relates to
Common Stock: (i) after a Public Offering, the average of the high and low prices of such Common Stock as reported on the principal national securities exchange on which the shares of Common Stock are then listed on the date specified herein, or if
there were no sales on such date, on the next preceding day on which there were sales, or if such Common Stock is not listed on a national securities exchange, the last reported bid price in the over-the-counter market; or (ii) before a Public
Offering, a value determined by the Board in good faith in its sole discretion, after taking into account such factors as the Board deems appropriate, including any Stockholders Agreement. 
  
 “Good Reason” will have the meaning set forth in any
employment, consulting, or other agreement between any of the Company Parties and the Participant. If there is no employment, consulting, or other agreement between any of the Company Parties and the Participant, or if such agreement does not define
“Good Reason,” then “Good Reason” will mean any of the following: (i) a material breach by a Company Party of any written employment agreement with the Participant (including a material reduction in the Participant’s base
salary set forth in any such employment agreement), (ii) the assignment of the Participant, without the Participant’s consent, to a position, responsibilities or duties of a materially lesser status or degree of responsibility than the
Participant’s position, responsibilities or duties as of the date of any such Agreement or (iii) the requirement by any of the Company Parties, without the Participant’s consent, that Participant be based anywhere other than a location or
locations specified by the Company within 30 days of the Participant’s initial employment date. 
  
 “Incentive Stock Option” or “ISO” means an option to purchase Shares granted under Article 6 that the Board designates
as an Incentive Stock Option, and that is intended to meet the requirements of Code Section 422. 
  
 “Investors LLC” means Cbeyond Investors, LLC, a Delaware limited liability company and owner of all of the outstanding capital stock of
the Company as of the date hereof. 
  
 “Investors LLC
Agreement” means that certain Limited Liability Company Agreement of Investors LLC dated as of March 28, 2000 (as amended, restated, supplemented or otherwise modified from time to time). 
  

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 “LLC” means Cbeyond Communications, LLC, a Delaware limited liability company.

  
 “LLC Agreement” means that certain Amended
and Restated Limited Liability Company Agreement of the LLC dated as of March 28, 2000 (as amended, restated, supplemented or otherwise modified from time to time). 
  
 “MDCP” means, collectively, Madison Dearborn Capital Partners III, L.P., a Delaware limited partnership,
Madison Dearborn Special Equity III, L.P., a Delaware limited partnership and Special Advisors Fund I, L.L.C., a Delaware limited liability company. 
  
 “Nonqualified Stock Option” or “NQSO” means an option to purchase Shares granted under Article 6 that is not intended to
meet the requirements of Code Section 422. 
  
 “Option” means an Incentive Stock Option or a Nonqualified Stock Option, as described in Article 6. 
  
 “Owned Shares” means Shares that a Participant has acquired through the exercise of an Option or the vesting of Restricted Stock or
Performance Shares, in accordance with Article 6, 7, or 8, and the terms of any Award Agreement. 
  
 “Participant” means a Person whom the Board has selected to receive an Award under the Plan, pursuant to Section 5.2, or who has
outstanding an Award granted under the Plan. 
  
 “Performance Period” means the time period during which performance objectives must be met in order for a Participant to earn Performance Shares granted under Article 8. 
  
 “Performance Share” means an Award of Shares whose vesting
is based on the Participant’s attainment of performance objectives, as described in Article 8. 
  
 “Person” means any individual, partnership, corporation, limited liability company, association, joint stock company, trust, joint
venture, unincorporated organization and any governmental entity or any department, agency or political subdivision thereof. 
  
 “Plan” means the Cbeyond Communications, Inc. 2000 Stock Incentive Plan, as set forth in this document, as from time to time amended.

  
 “Public Offering” means any sale of the
Company’s common stock pursuant to an effective registration statement under the Securities Act filed with the Securities and Exchange Commission on Form S-1 (or any successor form adopted by the Securities and Exchange Commission); provided
that the following shall not be considered a public offering: (i) any issuance of common equity securities by the Company as consideration for a merger or acquisition, (ii) any issuance of common securities to employees, directors or consultants of
any of the Company or any of its Subsidiaries as part of an incentive or compensation plan, (iii) any issuance of common equity securities as part of a unit with debt or preferred stock or any similar structure in which the common equity securities
are being offered primarily as a means of enhancing the Company’s ability to sell the debt or preferred stock and (iv) the issuance of common stock by the Company upon conversion of any preferred stock of the Company. 
  

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 “Restriction Period” means the period during which the transfer of Shares of Restricted
Stock is limited in some way (based on the passage of time, the achievement of performance objectives, or the occurrence of other events as the Board determines, in its discretion), and/or the Restricted Stock is not vested. 
  
 “Restricted Stock” means a contingent grant of Shares
awarded to a Participant pursuant to Article 7. 
  
 “Retirement” means termination of Service on or after reaching the age established by the Company or applicable Company Party as the normal retirement age in any unexpired employment, consulting or other agreement between
the Participant and the Company and/or an Affiliate, or, if different, a qualified retirement plan sponsored by the Company. 
  
 “Sale of the Company” means either (i) the sale, lease, transfer, conveyance or other disposition, in one or a series of related
transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole (other than a collateral assignment by the Company and its Subsidiaries of such assets to any lender as security for the Company’s and
its Subsidiaries obligations to such lender), or (ii) a transaction or series of transactions (including by way of merger, consolidation, sale of stock, recapitalization or otherwise) the result of which is that (A) any “person or
“group” (as such terms are used in Section 13(d)(3) of the Exchange Act) other than Investors LLC or MDCP and its Affiliates (as such terms are defined in the Investors LLC Agreement ) becomes the “beneficial owner” (as such term
is defined in Rule 13d-3 and Rule 13d-5 promulgated under the Exchange Act), directly or indirectly through one or more intermediaries, of more than 50% of the voting power of the outstanding voting stock of the Company or (B) the beneficial owners
of the Company’s outstanding voting stock immediately prior to the transaction cease to own directly or indirectly at least 50% of the voting power of the outstanding voting stock of the Company other than as a result of a sale of stock that is
a Public Offering. 
  
 “Securities Act” means the
Securities Act of 1933, as amended from time to time, or any successor act thereto. 
  
 “Service” means the provision of services in the capacity of (i) an employee of the Company, a Company Party, or an Affiliate, (ii) a non-employee member of the Company’s Board or the Board of
Directors of an Affiliate, or (iii) a consultant or other independent advisor to the Company or an Affiliate. 
  
 “Shares” means the shares of the Company’s Common Stock. 
  
 “Stock Appreciation Right” or “SAR” means an Award designated as an SAR, pursuant to the
terms of Article 9 herein. 
  
 “Stockholders
Agreement” means a stockholder agreement in form and substance satisfactory to the Company which, pursuant to any Award Agreement, is required to be signed by a Participant as a condition of receiving an Award. 
  
 “Subsidiary” means, with respect to any Person, any
corporation, limited liability company, partnership, association or business entity of which (i) if a corporation, a majority of 

  

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the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof is at
the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other
than a corporation), a majority of the partnership, membership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a corporation) if such Person or Persons shall be
allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control, directly or indirectly, any managing director, a majority of the board or managers or general partner of
such limited liability company, partnership, association or other business entity. Notwithstanding anything contained herein and for the avoidance of doubt, as of the date hereof the LLC is a Subsidiary of the Company and shall continue to be a
Subsidiary of the Company for purposes of this Agreement so long as the Company holds a majority of the LLC’s outstanding “Units” (as defined in the LLC Agreement). 
  
 “Ten Percent Owner” means an individual who, at the time an Award is granted under this Plan, owns stock
possessing more than 10 percent (10%) of the total combined voting power of all classes of stock of the Company or any Affiliate. 
  
 “Total and Permanent Disability” means the Participant is unable to engage in any substantial gainful activity by reason of a medically
determinable physical or mental impairment that is expected to result in death or that has lasted or is expected to last for a continuous period of not less than 12 months, as determined by the Board in its sole discretion. 
  

	Article 3.	Administration 

  
 3.1 Plan Administration. The Plan will be administered by the Board or by a Committee that the Board designates for this purpose. If the
Board designates a Committee to administer this Plan, the Board will appoint the Committee members, from time to time, and the Committee members will serve at the Board’s discretion. Except as the Board may otherwise prescribe, the Committee
will act by a majority of its members at the time in office and eligible to vote on any particular matter, and Committee action may be taken either by a vote in a meeting or in writing without a meeting. If the Board designates a Committee, such
Committee may exercise the powers conferred by this Agreement upon the Board (other than the power to appoint a Committee). No member of the Board or the Committee and no officer of the Company shall be liable for any action taken or omitted to be
taken by such member, by any other member of the Board or Committee or by any officer of the Company in connection with the performance of duties under the Plan, except for such person’s own willful misconduct or as expressly provided by
statute. 
  
 3.2 Authority of the Board. Except as
limited by law and subject to the provisions of this Plan, the Board will have full power to: (i) select eligible Persons to participate in the Plan; (ii) determine the sizes and types of Awards; (iii) determine the class of the Company’s
Common Stock to which the Award relates; (iv) determine the terms and conditions of Awards 

  

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in a manner consistent with the Plan; (v) construe and interpret the Plan and any agreement or instrument entered into under the Plan; (vi) establish, amend
or waive rules and regulations for the Plan’s administration; and (vii) (subject to the provisions of Article 15) amend the terms and conditions of any outstanding Award to the extent they are within the discretion of the Board as provided in
the Plan. Further, the Board will make all other determinations that may be necessary or advisable to administer the Plan. As permitted by law and consistent with Section 3.1, the Board may delegate some or all of its authority under the Plan.

  
 3.3 Decisions Binding. All determinations and
decisions made by the Board pursuant to the provisions of the Plan will be final, conclusive and binding on all persons, including, without limitation, the Company, its Board, its stockholders, all Affiliates, employees, Participants and their
estates and beneficiaries. 
  

	Article 4.	Shares Subject to the Plan and Maximum Awards 

  
 4.1 Number of Shares Available for Grants. Subject to adjustment as provided in Section 4.3, no more than 3,631,579 Shares may be subject to
Awards under the Plan. 
  
 The maximum number of Shares that may
be granted during any calendar year to any one Participant under Options, Restricted Stock or Performance Shares is 1,000,000, as adjusted under Section 4.3 below. 
  
 4.2 Lapsed Awards. If any Award granted under this Plan is canceled, terminates, expires or lapses for any
reason, any Shares subject to the Award will again be available for the grant of an Award under the Plan. 
  
 4.3 Adjustments in Authorized Shares. If the Shares, as currently constituted, are changed into or exchanged for a different number or kind
of shares of stock or other securities of the Company or of another corporation (whether because of merger, consolidation, recapitalization, reclassification, split, reverse split, combination of shares, or otherwise, but not including a Public
Offering or other capital infusion from any source) or if the number of Shares is increased through the payment of a stock dividend, then the Board, in its sole discretion, may substitute for or add to each Share previously appropriated, later
subject to, or which may become subject to, an Award, the number and kind of shares of stock or other securities into which each outstanding Share was changed for which each such Share was exchanged, or to which each such Share is entitled, as the
case may be. The Board, in its sole discretion, also may amend outstanding Awards as to price and other terms, to the extent necessary to reflect the events described above. If there is any other change in the number or kind of the outstanding
Shares, of any stock or other securities into which the outstanding Shares have been changed, or for which they have been exchanged, the Board, in its sole discretion, may adjust any Award already granted or which may be afterward granted.

  
 Fractional Shares resulting from any adjustment in Awards
pursuant to this section may be settled in cash or otherwise as the Board determines. The Company will give notice of any adjustment to each Participant who holds an Award that has been adjusted and the adjustment (whether or not such notice is
given) will be effective and binding for all Plan purposes. 
  

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	Article 5.	Eligibility and Participation 

  
 5.1 Eligibility. The following persons are eligible to receive Awards under this Plan: 
  
 (a) any Employee; 
  
 (b) any Advisor; and 
  
 (c) any non-employee member of the Company’s Board or
the board of directors of any of the Company Parties. 
  
 5.2 Actual Participation. The Board will determine, within the limits set forth below, those eligible Persons to whom it will grant Awards. Each eligible Person whom the Board has selected to receive an Award will become a
Participant in the Plan upon execution of an Award Agreement. 
  

	Article 6.	Stock Options 

  
 6.1 Grant of Options. Subject to the terms and provisions of the Plan, the Board may, and shall have sole authority to, grant (i) Incentive
Stock Options to any Employee, and (ii) Nonqualified Stock Options to any Employee, Advisor or non-employee Director, in the number, and upon the terms, and at any time and from time to time, as the Board determines. 
  
 6.2 Award Agreement. Each Option grant will be evidenced by an
Award Agreement that specifies the duration of the Option, the number of Shares to which the Option pertains, the class of the Company’s Common Stock to which the Option pertains, the manner, time, and rate of exercise and/or vesting of the
Option, and such other provisions as the Board determines. The Award Agreement will also specify whether the Option is intended to be an ISO or an NQSO, and whether reload options will be granted. 
  
 6.3 Exercise Price. Each Option grant and Award Agreement will
specify the Exercise Price for each Share subject to an Option, which Exercise Price will be determined by the Board and shall be at least one hundred percent (100%) of the Share’s Fair Market Value on the date the Option is granted. If the
Option is an ISO and the Participant to whom the Option is granted is a Ten Percent Owner of the Company or an Affiliate, the Exercise Price for each Share subject to an Option will be at least one hundred ten percent (110%) of the Fair Market Value
on the date the Option is granted. 
  
 6.4 Duration of
Options. Each Option will expire at the time determined by the Board at the time of grant and specified in the Award Agreement, but no later than the tenth anniversary of the date of its grant. If the Option is an ISO and the Participant to whom
the Option is granted is a Ten Percent Owner of the Company or an Affiliate, the Option will expire at the time determined by the Board at the time of grant, but no later than the fifth anniversary of the date of its grant. 
  
 6.5 Exercise of Options. Options will become vested and
exercisable at such times and be subject to such restrictions and conditions as the Board in each instance approves and sets forth in each Award Agreement. The Board, in any NQSO Award Agreement, may provide that 

  

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a Participant may exercise Options before the Options become vested; provided that upon the Participant’s termination of Service, the Participant
will forfeit any Shares attributable to the exercise of any Options that were not vested at the time of such termination of Service. Restrictions and conditions on the exercise of an Option need not be the same for each Award or for each
Participant. 
  
 6.6 Payment. The holder of an
Option may exercise the Option only by delivering a written notice of exercise to the Company setting forth the number of Shares as to which the Option is to be exercised, together with full payment at the Exercise Price for the Shares and any
withholding tax relating to the exercise of the Option. 
  
 The
Exercise Price and any related withholding taxes will be payable to the Company in full either: (a) in cash, or its equivalent, in United States dollars; (b) if permitted in the governing Award Agreement, by tendering Shares the Participant (i)
owns, (ii) has a substantial investment in and bears the risks and rewards normally associated with share ownership of for a reasonable period (e.g., six months), and (iii) duly endorses for transfer to the Company, (c) in any combination of
cash, certified or cashier’s check and Shares described in clause (b); or (d) by any other means the Board determines to be consistent with the Plan’s purposes and applicable law. 
  
 6.7 Restrictions on Share Transferability. The Board may impose
such restrictions on any Shares acquired through exercise of an Option as it deems necessary or advisable, including, without limitation, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market
upon which the Shares are then listed and/or traded, and under any blue sky or state securities laws applicable to the Shares. 
  
 6.8 Termination of Service. Each Option Award Agreement will set forth the extent to which the Participant has the right to exercise the
Option after his or her termination of Service with the Company and all Affiliates. These terms will be determined by the Board in its sole discretion, need not be uniform among all Options, and may reflect, among other things, distinctions based on
the reasons for termination of Service. 
  
 6.9
Nontransferability of Options. Except as otherwise provided in a Participant’s Award Agreement, no Option granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by
the laws of descent and distribution. Further, except as otherwise provided in a Participant’s Award Agreement, all Options will be exercisable during the Participant’s lifetime only by the Participant or his or her guardian or legal
representative. The Board may, in its discretion, require a Participant’s guardian or legal representative to supply it with the evidence the Board deems necessary to establish the authority of the guardian or legal representative to act on
behalf of the Participant. 
  
 6.10 Limitation on Grant of
Incentive Stock Options. The Board may grant Incentive Stock Options only to Employees. The Board will not grant an Option under this Plan as an incentive stock option if it would cause the aggregate fair market value of stock with respect to
which incentive options are exercisable by the Participant for the first time during a calendar year (under all plans of the Company and its Affiliates) to exceed $100,000. 
  

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 6.11 Grant of Reload Options. The Board may provide, at the time of grant of an option, in its
discretion, for the grant to a Participant who exercises all or any portion of an option (“Exercised Options”) and who pays all or part of such exercise price with shares of Common Stock, of an additional option (a “Reload
Option”) for a number of shares of Common Stock equal to the sum (the “Reload Number”) of the number of shares of Common Stock tendered or withheld in payment of such exercise price for the Exercised Options plus, if so provided by
the Board, the number of shares of Common Stock, if any, tendered or withheld by the Participant or withheld by the Company in connection with the exercise of the Exercised Options to satisfy any federal, state or local tax withholding requirements.
The terms of each Reload Option, including the date of its expiration and the terms and conditions of its exercisability and transferability, shall be the same as the terms of the Exercised Option to which it relates, except that (i) the grant date
for each Reload Option shall be the date of exercise of the Exercised Option to which it relates and (ii) the exercise price for each Reload Option shall be the Fair Market Value of the Common Stock on the grant date of the Reload Option.

  

	Article 7.	Restricted Stock 

  
 7.1 Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Board may, at any time and from time to time, grant
Restricted Stock to Employees, Advisors, and/or non-employee Directors in such amounts as it determines. 
  
 7.2 Award Agreement. Each Restricted Stock grant will be evidenced by an Award Agreement that specifies the Restriction Periods, the number
of Shares granted, the class of the Company’s Common Stock to which the Award pertains, the purchase price, if any, and such other provisions as the Board determines. 
  
 7.3 Nontransferability. The Restricted Stock granted herein may not be sold, transferred, pledged, assigned,
or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution, until the end of the applicable Restriction Period as specified in the Award Agreement, or upon earlier satisfaction of any other conditions
specified by the Board in its sole discretion and set forth in the Award Agreement. All rights with respect to Restricted Stock will be available during the Participant’s lifetime only to the Participant or the Participant’s guardian or
legal representative. The Board may, in its discretion, require a Participant’s guardian or legal representative to supply it with evidence the Board deems necessary to establish the authority of the guardian or legal representative to act on
behalf of the Participant. 
  
 7.4 Other
Restrictions. The Board may impose such other conditions and/or restrictions on any Restricted Stock as it deems advisable and sets forth in the applicable Award Agreement including, without limitation, restrictions based upon the achievement of
specific performance objectives (Company-wide, business unit, and/or individual), time-based restrictions on vesting following the attainment of the performance objectives, and/or restrictions under applicable federal or state securities laws. The
Board may provide that restrictions established under this Section as to any given Award will lapse all at once or in installments. 
  
 The Company may retain the certificates representing Shares of Restricted Stock in its possession until all conditions and/or restrictions applicable to
the Shares have been satisfied. 
  

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 7.5 Payment of Awards. Except as otherwise provided in Articles 7 and 10, Restricted Stock
that becomes Owned Shares will be transferable by the Participant after the last day of the applicable Restriction Period. 
  
 7.6 Voting Rights. The applicable Award Agreement may specify that Participants holding Shares of Restricted Stock may exercise any voting
rights that apply to those Shares during the Restriction Period. 
  
 7.7 Dividends and Other Distributions. The applicable Award Agreement may specify that Participants awarded Shares of Restricted Stock hereunder will be credited with regular cash dividends, if any, paid on those Shares during
the Restriction Period. Dividends may be paid currently, accrued as contingent cash obligations, or converted into additional Shares of Restricted Stock, upon such terms as the Board establishes. The Board may apply any restrictions it deems
advisable to the crediting and payment of dividends and other distributions. 
  
 7.8 Termination of Service. Each Award Agreement will set forth the extent to which the Participant has the right to retain Restricted Stock after his or her termination of Service with the Company or an
Affiliate. These terms will be determined by the Board in its sole discretion, need not be uniform among all Awards of Restricted Stock, and may reflect, among other things, distinctions based on the reasons for termination of Service. 

 

	Article 8.	Performance Shares 

  
 8.1 Grant of Performance Shares. Subject to the terms of the Plan, Performance Shares may be granted to Participants in such amounts and
upon such terms, and at any time and from time to time, as the Board determines and sets forth in an Award Agreement. 
  
 8.2 Value of Performance Shares. Each Performance Share will have an initial value equal to the Fair Market Value on the date of grant. The
Board will set performance objectives in its discretion that, depending on the extent to which they are met, will determine the number and/or value of Performance Shares that will be paid out to the Participant. The Board will set the Performance
Period in its sole discretion, and specify the Performance Period in the Award Agreement. 
  
 8.3 Earning of Performance Shares. Subject to the terms of this Plan, after the applicable Performance Period has ended, the holder of Performance Shares will be entitled to receive payout on the number
and value of Performance Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance objectives have been achieved. 
  
 8.4 Award Agreement. Each grant of Performance Shares will be
evidenced by an Award Agreement specifying the material terms and conditions of the Award (including the form of payment of earned Performance Shares), the class of the Company’s Common Stock to which the Award pertains, and such other
provisions as the Board determines. 
  
 8.5 Form and
Timing of Payment of Performance Shares. Payment of earned Performance Shares will be made as soon as practicable after the close of the applicable Performance Period, in a manner determined by the Board in its sole discretion and set forth in

  

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the Award Agreement. The Company will pay earned Performance Shares in cash, in Shares, or in a combination of cash and Shares, as specified in the Award
Agreement. Performance Shares may be paid subject to any restrictions deemed appropriate by the Board. 
  
 8.6 Termination of Service Due to Death or Total and Permanent Disability. Unless determined otherwise by the Board and set forth in the
Participant’s Award Agreement, if a Participant’s Service is terminated by reason of death or Total and Permanent Disability during a Performance Period, the Participant will receive a prorated payout of the Performance Shares, as
specified by the Board in its discretion in the Award Agreement. Payment of earned Performance Shares will be made at a time specified by the Board in its sole discretion and set forth in the Participant’s Award Agreement. 
  
 8.7 Termination of Service for Other Reasons. If a
Participant’s Service terminates during a Performance Period for any reason other than death or Total and Permanent Disability, the Participant will forfeit all Performance Shares to the Company, unless the Participant’s Award Agreement
provides otherwise. 
  
 8.8 Nontransferability.
Except as otherwise provided in a Participant’s Award Agreement, Performance Shares may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further,
except as otherwise provided in a Participant’s Award Agreement, a Participant’s rights under the Plan will be exercisable during the Participant’s lifetime only by the Participant or Participant’s guardian or legal
representative. The Board may, in its discretion, require a Participant’s guardian or legal representative to supply it with evidence the Board deems necessary to establish the authority of the guardian or legal representative to act on behalf
of the Participant. 
  

	Article 9.	Stock Appreciation Rights 

  
 9.1 Grant of SARs. Subject to the terms and conditions of the Plan, the Board may grant SARs to Participants at any time and from time to time, as
it determines. The Board will have sole discretion to determine the number of SARs granted to each Participant (subject to Article 4 herein), and to determine, consistent with the provisions of the Plan, the terms and conditions pertaining to the
SARs. The grant price of an SAR will equal the Fair Market Value of a Share on the date of grant of the SAR. 
  
 9.2 Exercise of SARs. SARs may be exercised upon whatever terms and conditions the Board, in its sole discretion, imposes upon them. 
  
 9.3 Award Agreement. Each SAR grant will be evidenced by an Award
Agreement that specifies the grant price, the term of the SAR and such other provisions as the Board determines. 
  
 9.4 Term of SARs. The Board, in its sole discretion will determine the term of an SAR. However, the term may not exceed ten years. 
  
 9.5 Payment of SAR Amount. Upon exercise of an SAR, a Participant will
be entitled to receive payment from the Company in an amount determined by multiplying: 
  
 (a) the excess (or some portion of such excess as determined at the time of the grant by the Board) if any, of the Fair Market Value of a
Share on the date of exercise of the SAR over the grant price specified in the Award Agreement; by 
  

 - 12 - 

 (b) the number of Shares with respect to which the SAR is exercised. 
  
 In the sole discretion of the Board, the payment upon SAR exercise may be in
cash, in Shares of equivalent Fair Market Value or in some combination thereof. 
  
 9.6 Termination of Employment. Each SAR Award Agreement will set forth the extent to which the Participant has the right to exercise the SAR after his or her termination of Service with the Company and all
Company Parties. These terms will be determined by the Board in its sole discretion, need not be uniform among all Awards of SARs, and may reflect, among other things, distinctions based on the reasons for termination of Service. 
  
 9.7 Nontransferability of SARs. Except as otherwise provided in a
Participant’s Award Agreement, no SAR granted under the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise
provided in a Participant’s Award Agreement, all SARs granted to a Participant under the Plan will be exercisable during the Participant’s lifetime only by such Participant or the Participant’s guardian or legal representative. The
Board may, in its discretion, require a Participant’s guardian or legal representative to supply it with such evidence as the Board deems necessary to establish the authority of the guardian or legal representative to act on behalf of the
Participant. 
  

	Article 10.	Rights of the Participant and the Company 

  
 10.1 Stockholders Agreement. The Company will issue no Shares pursuant to an Option or certificates representing Shares of Restricted Stock
until the Participant has executed the Award Agreement and a Stockholders Agreement (to the extent required in connection with any Award) and satisfied all conditions and/or restrictions applicable to the Shares. 
  
 10.2 Nontransferability. The Company will not be required (i)
to transfer on its books any Shares that have been sold or transferred, or (ii) to treat as owner of such Shares, to accord the right to vote as such owner or to pay dividends to any transferee to whom such Shares have been transferred, in violation
of the Plan, the Award Agreement, or any Stockholders Agreement. 
  
 10.3 Legend. Each certificate evidencing Owned Shares and each certificate issued in exchange for or upon the transfer of any Owned Shares before a Public Offering will be stamped or otherwise imprinted with such legend as the Board
requires. 
  

	Article 11.	Beneficiary Designation 

  
 Each Participant may, from time to time, name any Designated Beneficiary (who may be named contingently or successively) to whom any benefit under the
Plan is to be paid in case the Participant should die before receiving any or all of his or her Plan benefits. Each beneficiary designation will revoke all prior designations by the same Participant, must be in a form 

  

 - 13 - 

 
prescribed by the Board, and must be made during the Participant’s lifetime. If a Designated Beneficiary predeceases the Participant or no beneficiary
has been designated, benefits remaining unpaid at the Participant’s death will be paid to the Participant’s estate or other entity described in the Participant’s Award Agreement. 
  

	Article 12.	Deferrals 

  
 The Board may permit or require a Participant to defer receipt of cash or Shares that would otherwise be due to him or her by virtue of an Option
exercise, the lapse or waiver of restrictions on Restricted Stock, or the satisfaction of any requirements or objectives with respect to Performance Shares or Stock Appreciation Rights. If any such deferral election is permitted or required, the
Board will, in its sole discretion, establish rules and procedures for such deferrals. Notwithstanding the foregoing, the Board in its sole discretion may defer payment of cash or the delivery of Shares that would otherwise be due to a Participant
under the Plan if payment or delivery would result in the Company’s or an Affiliate’s being unable to deduct compensation under Code Section 162(m). Deferral of payment or delivery by the Board may continue until the Company or Affiliate
is able to deduct the payment or delivery under the Code. 
  

	Article 13.	Breach of Restrictive Covenants 

  
 An Award Agreement may provide that, notwithstanding any other provision of this Plan to the contrary, if the Participant breaches the nonsolicitation or
nondisclosure provisions of the Award Agreement, in addition to any other penalties or restrictions that may apply under any employment agreement, state law, or otherwise, the Participant will: 
  
 (a) forfeit any and all Awards granted to him or her under
the Plan, including Awards that have become vested and exercisable; and 
  
 (b) forfeit the difference between the Exercise Price and the Fair Market Value of any Option the Participant exercised after terminating Service and within the six month period immediately preceding the
Participant’s termination of Service. 
  

	Article 14.	Rights of Participants 

  
 14.1 Service. Nothing in the Plan will interfere with or limit in any way the right of the Company or any affiliate of the Company (as
defined herein or in any federal securities laws) to terminate any Participant’s Service at any time, or confer upon any Participant any right to continue in the Service of the Company or any Affiliate. 
  
 14.2 Participation. No Employee, Advisor, Director or
Participant will have the right to receive an Award under this Plan, or, having received any Award, to receive a future Award. 
  

	Article 15.	Amendment, Modification and Termination 

  
 15.1 Amendment, Modification and Termination. The Board may at any time and from time to time, alter, amend, modify or terminate the Plan in
whole or in part. Subject to the terms and conditions of the Plan, the Board may modify, extend or renew outstanding Awards 

  

 - 14 - 

 
under the Plan, or accept the surrender of outstanding Awards (to the extent not already exercised) and grant new Awards in substitution of them (to the
extent not already exercised). The Board will not, however, modify any outstanding Incentive Stock Option to specify a lower Exercise Price. Notwithstanding the foregoing, no modification of an Award will, without the prior written consent of the
Participant, materially impair any rights or obligations under any Award already granted under the Plan. 
  
 15.2 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. In recognition of unusual or nonrecurring events
(including, without limitation, the events described in Section 4.3) affecting the Company or its financial statements, or in recognition of changes in applicable laws, regulations, or accounting principles, and, whenever the Board determines that
adjustments are appropriate to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, the Board may, using reasonable care, adjust the terms and conditions of, and the criteria included
in, Awards. 
  

	Article 16.	Withholding 

  
 16.1 Tax Withholding. The Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company,
an amount (either in cash or Shares) sufficient to satisfy federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising under this Plan. Each Award Agreement will
specify whether reload options will be granted in connection with payment of tax withholding by tendering Shares owned by the Participant (and absent such a specification no reload options shall be granted). 
  
 16.2 Share Withholding. With respect to withholding required
upon the exercise of Options, upon the lapse of restrictions on Restricted Stock, or upon any other taxable event arising as a result of Awards granted hereunder, the Company may satisfy the minimum withholding requirement for supplemental wages, in
whole or in part, by withholding Shares having a Fair Market Value (determined on the date the Participant recognizes taxable income on the Award) equal to the minimum amount of withholding tax required to be collected on the transaction. The
Participant may elect, subject to the approval of the Board, to deliver the necessary funds to satisfy the withholding obligation to the Company, in which case there will be no reduction in the Shares otherwise distributable to the Participant.

  

	Article 17.	Successors 

  
 All obligations of the Company under the Plan or any Award Agreement will be binding on any successor to the Company, whether the existence of the
successor results from a merger, consolidation, or otherwise. 
  

	Article 18.	Legal Construction 

  
 18.1 Number. Except where otherwise indicated by the context, any plural term used in this Plan includes the singular and a singular term
includes the plural. 
  

 - 15 - 

 18.2 Severability. If any provision of the Plan is held illegal or invalid for any reason,
the illegality or invalidity will not affect the remaining parts of the Plan, and the Plan will be construed and enforced as if the illegal or invalid provision had not been included. 
  
 18.3 Requirements of Law. The granting of Awards and the issuance of Share and/or cash payouts under the Plan
will be subject to all applicable laws, rules, and regulations, and to any approvals by governmental agencies or national securities exchanges as may be required. 
  
 18.4 Securities Law Compliance. As to any individual who is, on the relevant date, an officer, director or ten
percent beneficial owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, all as defined under Section 16 of the Exchange Act, transactions under this Plan are intended to comply
with all applicable conditions of Rule 16b-3 under the Exchange Act, or any successor rule. To the extent any provision of the Plan or action by the Board fails to so comply, it will be deemed null and void, to the extent permitted by law and deemed
advisable by the Board. 
  
 18.5 Unfunded Status of the
Plan. The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments or deliveries of Shares not yet made to a Participant by the Company, the Participant’s rights are
no greater than those of a general creditor of the Company. The Board may authorize the establishment of trusts or other arrangements to meet the obligations created under the Plan, so long as the arrangement does not cause the Plan to lose its
legal status as an unfunded plan. 
  
 18.6 Awards to
Foreign Nationals and Employees Outside the United States. To the extent the Board deems it necessary, appropriate or desirable to comply with foreign law of practice and to further the purposes of this Plan, the Board may, without amending the
Plan, (i) establish rules applicable to Awards granted to Participants who are foreign nationals, are employed outside the United States, or both, including rules that differ from those set forth in this Plan, and (ii) grant Awards to such
Participants in accordance with those rules. 
  
 18.7
Governing Law. To the extent not preempted by federal law, the Plan and all agreements hereunder will be construed and enforced in accordance with, and governed by, the laws of the State of Delaware, without giving effect to its conflict of laws
principles. 
  

 - 16 -Exhibit 10.13

  
 Exhibit 10.13

  
 EXECUTIVE PURCHASE AGREEMENT 
  
 THIS EXECUTIVE PURCHASE AGREEMENT (this “Agreement”) is made as of March 28, 2000, by and among Egility Communications, L.L.C., a Delaware limited liability company (the
“LLC”), egility Communications, Inc., a Delaware corporation (the “Company”), egility Investors, LLC, a Delaware limited liability company (“Investors LLC”), and James F. Geiger
(“Executive”). Capitalized terms used but not otherwise defined herein have the meanings given to them in Section 6 hereof. 
  
 THE SECURITIES TO BE ACQUIRED HEREUNDER ARE OFFERED PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED OF AT ANY TIME WITHOUT EFFECTIVE REGISTRATION UNDER SUCH ACT AND LAWS OR
EXEMPTION THEREFROM. 
  
 THE SECURITIES TO BE ACQUIRED
HEREUNDER ARE SUBJECT TO CERTAIN TRANSFER RESTRICTIONS, VESTING AND REPURCHASE RIGHTS AND OTHER SUBSTANTIAL RESTRICTIONS AS SET FORTH HEREIN AND IN THE UNITHOLDERS AGREEMENT. 
  
 NOW, THEREFORE, in consideration of the mutual promises made herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
  

	 	1.	Purchase and Sale of Common Units. 

  
 (a) Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall make aggregate capital contributions to
the LLC in an amount equal to $859,750 (the “Capital Contributions”), or $0.25 per Unit (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued
hereunder), in exchange for, and the LLC shall issue to Executive, 3,439,000 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement. Executive shall make the Capital Contributions (less an amount equal to
$350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder) to the LLC by delivery to the LLC of a cashier’s or certified check, or by wire transfer of immediately available funds
to an account designated by the LLC, in an aggregate amount equal to the Capital Contributions (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued
hereunder). 
  

 (b) 83(b) Election. Within 30 days after the date hereof, Executive shall make a protective
election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder in the form of Annex A attached hereto. The LLC shall take no action inconsistent with such election.

  
 (c) Representations and Warranties of Executive. In
connection with the Capital Contributions and the issuance of Executive Securities hereunder, Executive represents and warrants to each of the LLC, Investors LLC and the Company that: 
  
 (i) The Executive Securities to be acquired by Executive pursuant to this Agreement shall be acquired for
Executive’s own account and not with a view to, or intention of, distribution thereof in violation of the Securities Act or any applicable state securities laws, and the Executive Securities shall not be disposed of in contravention of the
Securities Act or any applicable state securities laws. 
  
 (ii) Executive is a management employee of a Company Party, is sophisticated in financial matters and is able to evaluate the risks and benefits of Executive’s investment in the Executive Securities. 

 
 (iii) Executive is able to bear the economic risk of
Executive’s investment in the Executive Securities for an indefinite period of time and is aware that Transfer of the Executive Securities may not be possible because (A) such Transfer is subject to contractual restrictions on Transfer set
forth herein and in the Unitholders Agreement, and (B) the Executive Securities have not been registered under the Securities Act or any applicable state securities laws and cannot be sold unless subsequently registered under the Securities Act and
such applicable state securities laws or an exemption from such registration is available. 
  
 (iv) Executive has had an opportunity to ask questions and receive answers concerning the terms and conditions of the offering of the
Executive Securities issued hereunder and has had full access to such other information concerning the Company Parties as Executive has requested. 
  
 (v) Executive is a United States citizen and a resident of the State of Florida. 
  
 (vi) This Agreement, the LLC Agreement, the Unitholders
Agreement, and the other agreements contemplated thereby of even date therewith constitute (and, when executed and delivered by Executive, the Investors LLC Agreement shall constitute) the legal, valid and binding obligations of Executive,
enforceable against Executive in accordance with their terms, and the execution, delivery and performance of such agreements by Executive and Executive’s employment with any of the Company Parties do not and shall not conflict with, violate or
cause a breach of any agreement, contract or instrument to which 

  

 -2- 

 
Executive is a party or by which Executive is bound or any judgment, order or decree to which Executive is subject. 
  
 (vii) Executive is not a party to or bound by any (A)
employment agreement, (B) noncompete agreement or (C) confidentiality agreement that impairs or impedes Executive’s duties to any of the Company Parties; and Executive shall not use any confidential information or trade secrets (other than the
Confidential Information) in connection with the performance of Executive’s duties hereunder. 
  
 (viii) Executive has had the opportunity to consult with, and Executive has consulted with, legal counsel of Executive’s choice and
Executive fully understands the terms and conditions contained herein. 
  
 (d) Acknowledgment of At-Will Employment. As an inducement to the LLC, Investors LLC and the Company to enter into this Agreement, and as a condition thereto, Executive acknowledges and agrees that no agreement or arrangement between
Executive and any of the Company Parties (including the issuance of Executive Securities to Executive and the execution and delivery of this Agreement) shall entitle Executive to become or remain in the employment of any of the Company Parties or
affect the right of any of the Company Parties to terminate Executive’s employment at any time and for any reason. Executive’s annual base salary, subject to any increase implemented by the Board of Directors of the Company, will be
$225,000. 
  

	 	2.	Vesting of Executive Securities. 

  
 (a) Time Vesting. Except as otherwise provided in this Agreement, the Executive Securities will vest over a period ending on March 1, 2004, with
20% vesting on the date hereof and 20% vesting on March 1 in each of the years 2001, 2002, 2003 and 2004 as follows if (but only if) as of each such date Executive has been continuously employed by the Company Parties from and after the date hereof:

  

			
	 Date

	  	 Cumulative Percentage of Executive
Securities Vested on Such Date

	 The date hereof
	  	20%
		
	 March 1, 2001
	  	40%
		
	 March 1, 2002
	  	60%
		
	 March 1, 2003
	  	80%
		
	 March 1, 2004
	  	100%

  
 No Executive Securities shall vest
after the date on which Executive’s employment with the Company Parties terminates. For purposes of this Agreement, “Unvested Securities” means (i) any Common Units, (ii) any Executive Securities issued to Executive in
connection with the Management Rollup, (iii) any Executive Securities issued upon dissolution and liquidation of 

  

 -3- 

 
Investors LLC in respect of such Executive Securities and (iv) any securities issued directly or indirectly in respect of any of the foregoing securities in
clauses (i), (ii) or (iii) by way of a split, dividend, distribution or other division of securities, or in connection with a combination of securities, recapitalization, merger, consolidation, or other reorganization, or upon conversion, exchange
or exercise of any of the foregoing securities; in each case which securities have not vested in accordance with the terms and conditions of this Agreement. “Vested Securities” means all outstanding Executive Securities that are not
Unvested Securities. 
  
 (b) Acceleration upon Death or
Disability. If Executive’s employment with the Company Parties is terminated by reason of Executive’s death or Disability, at least 60% of the Executive Securities shall be Vested Securities (i.e., to the extent, but only to the
extent, that less than 60% of the Executive Securities have not already vested upon such termination of employment, the Executive Securities will vest as of the date of such termination so that 60% of the Executive Securities shall be Vested
Securities and 40% shall be Unvested Securities). 
  
 (c)
Acceleration upon Termination without Cause or Resignation for Good Reason. If Executive’s employment with the Company Parties is terminated by any of the Company Parties without Cause (and not by reason of Executive’s death
or Disability) or Executive resigns for Good Reason, 20% of the Executive Securities will vest (to the extent not vested) as a result of Executive’s termination by the Company Parties without Cause or Executive’s resignation for Good
Reason as of the date of such termination (e.g., if 40% of the Executive Securities are Vested Securities at the time of such termination or such resignation, then after such termination or such resignation, 60% of the Executive Securities shall be
Vested Securities and 40% shall be Unvested Securities). 
  
 (d)
Acceleration upon Termination and Sale of the Company. If, within twelve (12) months after a Sale of the Company, Executive’s employment with the Company Parties is terminated by any of the Company Parties without Cause (and not by
reason of Executive’s death or Disability) or Executive resigns for Good Reason, all Unvested Securities (if any) will vest as of the date of such termination. 
  

	 	3.	Call Option and Put Option. 

  
 (a) The Call Option. Upon the termination of Executive’s employment with the Company Parties, the Executive Securities (whether Vested
Securities or Unvested Securities and whether held by Executive or by one or more of Executive’s Transferees) will be subject to repurchase by the LLC (or one or more of its assignees at the election of the LLC) at the option of the LLC
pursuant to the terms and conditions set forth in this Section 3 (the “Call Option”). 
  
 (b) The Put Option. Upon the termination of Executive’s employment with the Company Parties (other than by the Company Parties for Cause or
resignation by Executive without Good Reason), the Unvested Securities (whether held by Executive or by one or more of Executive’s Transferees) will be subject to repurchase by the LLC (or one or more of its assignees at the election 

  

 -4- 

 
of the LLC) at the option of Executive (or a legal representative of Executive or Executive’s estate in the event of termination by reason of Disability
or death) pursuant to the terms and conditions set forth in this Section 3 (the “Put Option”). 
  
 (c) Repurchase Price. The repurchase price (the “Repurchase Price”) of any Vested Securities to be repurchased pursuant to any
exercise of the Call Option shall (subject to upward adjustment as provided in Section 3(j) below) be the Fair Market Value of such securities. The Repurchase Price of any Unvested Securities to be repurchased pursuant to any exercise of the Call
Option, and the Repurchase Price of any Executive Securities to be repurchased pursuant to any exercise of the Put Option, shall be the Original Cost of such securities. 
  
 (d) Exercise of Call Option. The LLC (by action of the Board) may elect to purchase (and/or elect to give one or more
assignees of the LLC the right to elect to purchase) all or any portion of the Executive Securities by delivering written notice (the “Call Notice”) to the holder or holders of such Executive Securities within sixty (60) days after
termination of Executive’s employment with the Company Parties. The Call Notice shall set forth the number, type, and class of Executive Securities (including, if applicable, the number of Unvested Securities and/or Vested Securities) to be
acquired from each such holder and, in the event that all of the Executive Securities to be repurchased are Unvested Securities, the time and place for the closing of the transaction, which date shall not be more than thirty (30) days nor less than
five (5) days after the delivery of such Call Notice; provided that the LLC or any other purchaser may elect to require that such Transfer be consummated effective as of the first day of the next succeeding month. The Executive Securities to
be repurchased by the LLC (and/or one or more of its assignees) shall first be satisfied to the extent possible from the Executive Securities held by Executive at the time of delivery of the Call Notice. If the number of Executive Securities then
held by Executive is less than the total number of Executive Securities that the LLC (and/or one or more of its assignees) has elected to purchase, the LLC (and/or one or more of its assignees) shall purchase the remaining securities elected to be
purchased from the other holder(s) of Executive Securities, pro rata according to the number of Executive Securities held of record by each such other holder at the time of delivery of the Call Notice. The number of Unvested Securities and Vested
Securities to be repurchased hereunder shall be deemed to be allocated among Executive and the other holders of repurchased Executive Securities (if any) pro rata according to the number of Executive Securities to be purchased from such persons.

  
 (e) Exercise of Put Option. Executive (or a legal
representative of Executive or Executive’s estate in the event of Disability or death) may elect to cause the LLC (or one or more of its assignees at the election of the LLC) to purchase all or any portion of the Unvested Securities by
delivering written notice (the “Put Notice”) to the LLC within sixty (60) days after termination of Executive’s employment with the Company Parties. The Put Notice shall set forth the number, type and class of Unvested
Securities to be acquired from each holder of Unvested Securities and the time and place for the closing of the transaction, which date shall not be more than thirty (30) days nor less than five (5) days after the delivery of such Put Notice;
provided that the LLC or any other 

  

 -5- 

 
purchaser may elect to require that such Transfer be consummated effective as of the first day of the next succeeding month. 
  
 (f) Assignment by the LLC. The LLC (by action of the Board) will have
the right (but not the obligation) to assign or delegate all or any portion of its repurchase rights or obligations hereunder in connection with either the Call Option and/or the Put Option to any Person(s). 
  
 (g) Fair Market Value of Vested Securities. The “Fair Market
Value” of the Vested Securities shall be determined in accordance with this paragraph (g). 
  
 (i) Holders of a majority of the Major Investor Equity and holders of a majority of the Vested Securities to be repurchased shall attempt
in good faith to agree on the Fair Market Value of the Vested Securities to be repurchased. Any agreement reached by such Persons shall be final and binding on all parties hereto. 
  
 (ii) If such Persons are unable to reach such agreement within twenty (20) days after the giving of a Call
Notice, the Fair Market Value of any Vested Securities that are publicly traded shall be the average, over a period of twenty-one (21) days consisting of the date of Executive’s termination of employment and the twenty (20) consecutive business
days prior to that date, of the closing prices of the sales of such securities on all securities exchanges on which such securities may at that time be listed, or, if there have been no sales on any such exchange on any day, the average of the
highest bid and lowest asked prices on all such exchanges at the end of such day, or, if on any day such securities are not so listed, the average of the representative bid and asked prices quoted in the Nasdaq System as of 4:00 P.M., New York time,
or, if on any day such securities are not quoted in the Nasdaq System, the average of the highest bid and lowest asked prices on such day in the domestic over-the-counter market as reported by the National Quotation Bureau Incorporated, or any
similar successor organization. 
  
 (iii) If such
Persons are unable to reach agreement pursuant to subparagraph (i) above within thirty (30) days after the giving of a Call Notice, then to the extent any Executive Securities are not publicly traded: 
  
 (A) Holders of a majority of the Major Investor Equity and
holders of a majority of the Vested Securities to be repurchased shall each, within fifteen (15) days thereafter, choose one investment banker or other appraiser with experience in analyzing and making determinations concerning matters in the
telecommunications industry and in valuing entities like the LLC and Investors LLC (including the distribution arrangements of the type described in the LLC Agreement and the Investors LLC Agreement), and the two investment bankers/appraisers so
selected shall together select a third investment/banker appraiser similarly qualified. 
  

 -6- 

 (B) The three investment bankers/appraisers shall first appraise the fair market value of
the LLC (or, after the Management Rollup but prior to the dissolution and liquidation of Investors LLC, Investors LLC) based on the assumption of an orderly, arm’s length sale to a willing unaffiliated buyer. The three investment
bankers/appraisers shall then appraise the fair market value of such non-publicly-traded Vested Securities as follows: 
  
 (1) the fair market value of each share of Common Stock shall be equal to the fair market value of the Company divided by the
total number of shares of Common Stock outstanding on the date of Executive’s termination of employment (determined on a fully-diluted basis using the “Treasury Method” of accounting under generally accepted accounting principles for
determination of fully-diluted earnings per share); 
  
 (2) the fair market value of each share of Preferred Stock shall be equal to the greater of (x) the Liquidation Value (as defined in the Company’s certificate of incorporation) of such share, together with all accrued but unpaid
dividends thereon (as determined under the Company’s certificate of incorporation), and (y) the fair market value (determined in accordance with subparagraph 1) above) of the share(s) of Common Stock (including fractional shares) into which
such share of Preferred Stock is convertible on the date of Executive’s termination of employment; 
  
 (3) the fair market value of each Vested Security that is a Common Unit shall be equal to the fair market value of the assets (as
determined in accordance with subparagraphs (1), (2) and (5) of this subparagraph (B)) that would be distributed according to the terms of the LLC Agreement with respect to such Common Unit if the LLC were dissolved and liquidated on the date of
Executive’s termination of employment; and 
  
 (4) the fair market value of each Vested Security that is an Investors LLC Common Unit shall be equal to the fair market value of the assets (as determined in accordance with subparagraphs (1), (2) and (5) of this subparagraph (B)) that
would be distributed according to the terms of the Investors LLC Agreement with respect to such Investors LLC Common Unit if Investors LLC were dissolved and liquidated on the date of Executive’s termination of employment; and 
  
 (5) the fair market value of any other non-publicly-traded
Vested Securities (or, for purposes of subparagraph (3) and (4) above, any other assets) shall be the fair market value of such securities (or other assets), determined on the basis of an orderly, arm’s length sale to a willing, unaffiliated
buyer, taking into account all relevant factors determinative of value. 
  

 -7- 

 The three investment bankers/appraisers shall, within thirty (30) days of their retention, provide the
written results of such appraisals to the LLC and/or its assignees and to each of the holders of Vested Securities to be repurchased. 
  
 (C) The “Fair Market Value” of the non-publicly-traded Vested Securities to be repurchased shall be the average of the
two appraisals closest to each other (or the appraisal which is neither the greatest nor the least in amount, if no two appraisals are closest in amount), and such amount shall be final and binding on all parties hereto; provided that the LLC
(and/or any of its assignees) may at any time within ten (10) days after receiving written notice of such determination rescind its prior exercise of the Call Option (if any) by giving written notice of such revocation to the holder or holders of
the Vested Securities to be repurchased, and upon such revocation the revoking party will be treated as if it had never exercised such Call Option (it being understood that such revoking parties shall thereafter have no right to re-exercise such
Call Option with respect to such Vested Securities). 
  
 (D) The costs of such appraisal shall be allocated between the parties based on the percentage which the portion of the contested amount not awarded to each party bears to the amount actually contested by such party: provided that if
any party revokes its exercise of the Call Option pursuant to subparagraph (C) above, such revoking parties shall bear (pro rata among all such revoking parties based on the number of Vested Securities with respect to which each revoking party had
initially exercised its Call Option) any appraisal costs that would otherwise be allocated to the holder(s) of Vested Securities under this subparagraph (D) had such revoking parties not revoked their exercise of the Call Option. 
  
 (iv) Within ten (10) business days after the Fair Market
Value of the Vested Securities to be repurchased (if any) has been determined, the LLC shall send a notice to each holder of Vested Securities to be repurchased setting forth the consideration to be paid for such Vested Securities and the aggregate
amount to be paid for all Executive Securities to be repurchased (including all Vested Securities and Unvested Securities) and the time and place for the closing of the transaction, which date shall not be more than thirty (30) days nor less than
five (5) days after the delivery of such notice; provided that the LLC or any other purchaser may elect to require that such Transfer be consummated effective as of the first day of the next succeeding month. 
  
 (h) Closing of the Repurchase. At the closing of any repurchase to be
made pursuant to a Call Notice or a Put Notice, the purchasers of the Executive Securities to be repurchased shall be entitled to receive customary representations and warranties from the sellers of such Executive Securities (including regarding
good title to such securities, free and clear of any liens or encumbrances) and to require that signatures be guaranteed by a national bank or reputable securities broker. At the closing of any repurchase to be made pursuant to a Call Notice or a
Put Notice, the holders of Executive Securities shall deliver to the LLC (and/or any of its assignees) all certificates (if any) evidencing the Executive Securities to be repurchased, and the LLC (and/or any 

  

 -8- 

 
of its assignees) shall pay for the Executive Securities to be purchased pursuant to the Call Option or the Put Option by delivery of a check or checks or
wire transfer(s) of immediately available funds in the aggregate amount of the Repurchase Price for such Executive Securities; and provided that in the event the Board determines in its good faith discretion that the LLC is not in a position
to pay in cash all of the Repurchase Price for the Executive Securities to be repurchased by it: 
  
 (i) prior to the dissolution and liquidation of Investors LLC, the LLC may pay a portion of the Repurchase Price for any Vested Securities
to be repurchased by the LLC equal to (x) the aggregate Fair Market Value of such Vested Securities to be repurchased by the LLC minus (y) the aggregate Original Cost of such Vested Securities, by issuing in exchange for such Vested
Securities an equal number of Class C Units (or, after the Management Rollup, Investors LLC Class C Units) having the relative rights, powers and duties set forth in the LLC Agreement (or the Investors LLC Agreement, as applicable), and for purposes
of the LLC Agreement (or the Investors LLC Agreement, as applicable) such Class C Units (or, after the Management Rollup, Investors LLC Class C Units) shall as of its date of issuance be deemed to have aggregate Capital Contributions made with
respect to such Class C Units (or Investors LLC Class C Units, as applicable) equal to (A) the aggregate Fair Market Value of the Vested Securities repurchased by the LLC minus (y) the aggregate Original Cost of such Vested Securities; or

  
 (ii) after the dissolution and liquidation of
Investors LLC, the Company (as successor to the rights of Investors LLC pursuant to Section 7(i) below) may pay, in the form of a promissory note, a portion of the Repurchase Price for such securities equal to (x) the aggregate Fair Market Value for
the Vested Securities to be repurchased by the LLC minus (y) the aggregate Original Cost of such Vested Securities. Such promissory note shall be subordinated to all of the Company’s senior and senior subordinated debt obligations either
then or thereafter incurred, shall earn simple annual interest at the Base Rate, shall have all principal and accrued interest due and payable upon maturity, and shall mature upon the earliest to occur of the Company’s initial Public Offering
(if such initial Public Offering has not occurred prior to the issuance of such promissory note), a Sale of the Company, or the fifth anniversary of the issuance of such promissory note. 
  
 (i) Restrictions. Notwithstanding anything to the contrary contained in this Agreement, all repurchases of Executive
Securities by the LLC shall be subject to applicable restrictions contained in the Delaware General Corporation Law, the Delaware Limited Liability Company Act and in the Company Parties’ debt and equity financing agreements. If any such
restrictions prohibit the repurchase of Executive Securities hereunder which the LLC is otherwise entitled or required to make, the time periods provided in this Section 3 shall be suspended, and the LLC may (or in the event of the exercise of a Put
Option shall) make such repurchases as soon as it is permitted to do so under such restrictions, unless by such time the Call Option has terminated pursuant to Section 3(k) below; provided that, notwithstanding the foregoing, in no event
shall the time periods provided in this Section 3 be suspended for more than 6 months. 
  

 -9- 

 (j) Make Whole. If within twelve months following the date of the termination of Executive’s
employment by the Company Parties without Cause or as a result of Executive’s death or Disability or Executive’s resignation for Good Reason (i) a Sale of the Company or a Public Offering occurs and (ii) the distributions per unit received
(whether or not received within such twelve month period) in the liquidation of Investors LLC by holders of vested Common Units in respect of their vested Common Units or the public offering price per share of common stock of the Company (net of any
underwriting discounts but including the fair market value of all dividends and distributions declared or paid by the Company to the holders of Common Stock after the date of Executive’s termination of employment to and including the date of
such transaction), as the case may be, exceed the price per unit paid for any Vested Securities as determined in accordance with subparagraph (g) above, each seller of Vested Securities shall be entitled to receive an upward adjustment in the
Repurchase Price for the Vested Securities sold by such seller, if any, pursuant to a Call Notice. The excess of (x) the amount which such sellers of Vested Securities would have received in such Sale of the Company or Public Offering assuming the
sale in such transaction of all Vested Securities purchased pursuant to such Call Notice, over (y) the amount which such sellers of Vested Securities received from the sale of Vested Securities upon exercise of the Call Option (the amount of
such excess, the “Additional Proceeds”) shall be paid to the applicable seller of Vested Securities by the buyer thereof by certified or cashier’s check or wire transfer of funds to the applicable seller of Vested Securities
upon consummation of such Sale of the Company (or at such later time as holders of Investors LLC Common Units receive the distributions described in clause (ii) above) or upon the consummation of such Public Offering, as the case may be. 

 
 (k) Termination and Clarification. The rights under this Section 3
of the LLC and/or its assignees to repurchase Vested Securities pursuant to a Call Option shall terminate upon the consummation of a Public Offering or a Qualified Sale of the Company (it being understood that such rights shall (to the extent
otherwise applicable) continue to apply after such consummation to all Unvested Securities until such Unvested Securities become Vested Securities in accordance with the terms of this Agreement). For the avoidance of doubt, it is understood and
agreed that the provisions in Section 7(i) hereof shall apply to this Section 3 (and all other Sections of this Agreement). 
  

	 	4.	Restrictions on Transfer. 

  
 (a) Opinion of Valid Transfer. In addition to any other restrictions on Transfer imposed by this Agreement, the Unitholders Agreement, the LLC
Agreement or (as applicable) the Investors LLC Agreement, no holder of Executive Securities may Transfer any Executive Securities (except pursuant to an effective registration statement under the Securities Act) without first delivering to the LLC
an opinion of legal counsel which (to the Board’s reasonable satisfaction) is knowledgeable in securities law matters (reasonably acceptable in form and substance to the Board) that neither registration nor qualification under the Securities
Act and applicable state securities laws is required in connection with such Transfer. 
  

 -10- 

 (b) Restrictive Legend. The certificates (if any) representing Executive Securities shall bear the
following legend: 
  
 “THE SECURITIES REPRESENTED BY THIS
CERTIFICATE WERE ORIGINALLY ISSUED ON MARCH 28, 2000, HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE, AND SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN EXEMPTION FROM REGISTRATION THEREUNDER. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER AND REPURCHASE OPTIONS SET FORTH IN AN
EXECUTIVE PURCHASE AGREEMENT AMONG THE ISSUER OF SUCH SECURITIES (THE “ISSUER”), THE INITIAL HOLDER OF SUCH SECURITIES AND OTHER PARTIES NAMED THEREIN. A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY THE HOLDER HEREOF AT THE ISSUER’S
PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.” 
  
 The legend set forth above
shall be removed from the certificates evidencing any securities which cease to be Executive Securities. 
  
 (c) Retention of Executive Securities. 
  
 (i) Executive shall not Transfer (whether with or without consideration and whether voluntarily or involuntarily or by operation of law)
any interest in any Executive Securities, except pursuant to (A) the repurchase provisions set forth in Section 3 of this Agreement, (B) the “Tag-Along Rights” and the “Management Rollup” provisions set forth in the Unitholders
Agreement, or (C) a Sale of the Company (each of (A), (B), and (C), an “Exempt Transfer”). 
  
 (ii) The restrictions contained in this paragraph (c) shall not apply to Transfers of Executive Securities (A) pursuant to applicable laws
of descent and distribution or (B) among Executive’s Family Group; provided that the restrictions contained in this paragraph (c) shall continue to be applicable to the Executive Securities after any such Transfer, the Transferees of
such Executive Securities shall have agreed in writing to be bound by the provisions of this Agreement with respect to the Executive Securities so Transferred, and (prior to the death of Executive) each such Transferee of Executive Securities shall
have entered into proxies and other agreements reasonably satisfactory to the holders of a majority of the Major Investor Equity pursuant to which Executive shall have the sole right to vote such Executive Securities for all purposes. For purposes
of this Agreement, “Family Group” means Executive’s spouse, descendants (whether natural or adopted), parents, spouse’s parents, siblings, nieces and nephews, any spouse of the foregoing (collectively, the
“Family”), any trust which at the time of such Transfer and at all times 

  

 -11- 

 
thereafter is and remains solely for the benefit of such Executive and/or such Executive’s Family and any family partnership the partners of which
consist solely of such Executive and/or such Executive’s Family or such trusts. 
  
 (iii) The restrictions on the Transfer of Executive Securities set forth in this paragraph (c) shall continue with respect to each
Executive Security following any Transfer thereof (other than an Exempt Transfer); provided that upon the consummation of a Public Offering the restrictions set forth in this paragraph (c) shall thereafter cease to apply to all Vested
Securities (it being understood that such restrictions shall continue to apply after such consummation to all Unvested Securities until such Unvested Securities become Vested Securities in accordance with the terms of this Agreement). 
  

	 	5.	Confidentiality, Noncompete, and Nonsolicitation. 

  
 (a) Nondisclosure and Nonuse of Confidential Information. Executive shall not disclose or use at any time, either during Executive’s
employment with any of the Company Parties or thereafter, any Confidential Information (as defined below) of which Executive is or becomes aware, whether or not such information is developed by Executive, except to the extent that such disclosure or
use is directly related to and required by Executive’s performance of duties assigned to Executive by the any of the Company Parties; provided that nothing herein shall restrict Executive from disseminating personal knowledge gained
during the course of Executive’s employment with the Company Parties after the second anniversary of the termination of Executive’s employment with the Company Parties to the extent such personal knowledge is not the property of any of the
Company Parties. Executive shall take all appropriate steps to safeguard Confidential Information and to protect it against disclosure, misuse, espionage, loss and theft. As used in this Agreement, the term “Confidential
Information” means information that is not generally known to the public and that is used, developed or obtained by any of the Company Parties in connection with their business, including but not limited to (i) products or services, (ii)
fees, costs and pricing structures, (iii) designs, (iv) analysis, (v) drawings, photographs and reports, (vi) computer software, including operating systems, applications and program listings, (vii) flow charts, manuals and documentation, (viii)
data bases, (ix) accounting and business methods, (x) inventions, devices, new developments, methods and processes, whether patentable or unpatentable and whether or not reduced to practice, (xi) customers and clients and customer or client lists,
(xii) copyrightable works, (xiv) all technology and trade secrets, (xv) business plans and financial models, and (xvi) all similar and related information in whatever form. Confidential Information shall not include any information that has been
published in a form generally available to the public prior to the date Executive proposes to disclose or use such information. Information shall not be deemed to have been published merely because individual portions of the information have been
separately published, but only if all material features constituting such information have been published in combination. Notwithstanding the foregoing, “Confidential Information” shall not include any information (a) of which Executive
became aware prior to Executive’s affiliation with the any of the Company Parties (b) of which Executive learns from sources other than the Company Parties, whether prior to or after 

  

 -12- 

 
such information is actually disclosed by any of the Company Parties, or (c) which is disclosed in a prospectus or other documents for dissemination to the
public. 
  
 (b) The Company’s Ownership of Intellectual
Property. 
  
 (i) Acknowledgment of
Company Ownership. In the event that Executive as part of Executive’s activities on behalf of any of the Company Parties generates, authors or contributes to any invention, design, new development, device, product, method or process
(whether or not patentable or reduced to practice or constituting Confidential Information), any copyrightable work (whether or not constituting Confidential Information) or any other form of Confidential Information relating directly or indirectly
to any of the Company Parties’ business as now or hereafter conducted (collectively, “Intellectual Property”), Executive acknowledges that such Intellectual Property is the exclusive property of such Company Party and hereby
assigns all right, title and interest in and to such Intellectual Property to such Company Party. Any copyrightable work prepared in whole or in part by Executive will be deemed “a work made for hire” under Section 201(b) of the 1976
Copyright Act, and the Company Party shall own all of the rights comprised by the copyright therein. Executive shall promptly and fully disclose all Intellectual Property to the Company and shall cooperate with the Company to protect the Company
Parties’ interests in and rights to such Intellectual Property (including providing reasonable assistance in securing patent protection and copyright registrations and executing all documents as reasonably requested by the Company, whether such
requests occur prior to or after termination of Executive’s employment with the Company Parties). 
  
 (ii) Executive Invention. Executive understands that paragraph (b)(i) of Section 5 of this Agreement regarding the Company
Parties’ ownership of Intellectual Property does not apply to any invention for which no equipment, supplies, facilities or trade secret information of any of the Company Parties were used and which was, developed entirely on Executive’s
own time, unless (i) the invention relates to the business of the any of the Company Parties or to the any of the Company Parties’ actual or demonstrably anticipated research or development or (ii) the invention results from any work performed
by Executive for any of the Company Parties. 
  
 (c) Delivery
of Materials upon Termination of Employment. As requested by the Company from time to time and upon the termination of Executive’s employment with the Company Parties for any reason, Executive shall promptly deliver to the Company all
copies and embodiments, in whatever form, of all Confidential Information and Intellectual Property in Executive’s possession or within Executive’s control (including, but not limited to, written records, notes, photographs, manuals,
notebooks, documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any Confidential Information or Intellectual Property) irrespective of the location or form of such material and, if
requested by the Company, Executive shall provide the Company with written confirmation that all such materials have been delivered to the Company. 
  

 -13- 

 (d) Noncompete. Executive acknowledges and agrees with the Company, Investors LLC and the LLC that
(i) in the course of Executive’s employment with the Company Parties Executive shall become familiar with the trade secrets of the Company Parties and with other Confidential Information concerning the Company Parties, (ii) Executive’s
services to the Company Parties are unique in nature and of an extraordinary value to the Company Parties, and (iii) the Company Parties could be irreparably damaged if Executive were to provide similar services to any person or entity competing
with any of the Company Parties or engaged in a similar business. In connection with the issuance to Executive of the Common Units hereunder, in consideration of and as an inducement to (A) Investors LLC, the LLC and the Company to enter into this
Agreement, (B) Investors LLC to agree to assume the obligations of the LLC from and after consummation of the Management Rollup and prior to the dissolution and liquidation of Investors LLC, and (C) the Company to agree to assume the obligations of
Investors LLC upon dissolution and liquidation thereof, and in further consideration of the Noncompete Compensation (as defined below), Executive covenants and agrees with the Company, Investors LLC and the LLC that during the period beginning on
the date hereof and ending on the first anniversary of the date of the termination of Executive’s employment with the Company Parties (the “Noncompete Period”), Executive shall not, directly or indirectly, either for himself or
for or through any other Person, participate in any business or enterprise conducting business in any Covered MSA which provides or proposes to provide local, long distance, internet access, or other data, voice or internet services of the type any
of the Company Parties provides or proposes to provide as evidenced by a business plan which has been approved by or submitted to the board of directors of the Company, which in the case of a submitted business plan, has not been rejected by the
Company’s board of directors; provided that after such termination of employment, nothing herein shall prohibit Executive (1) from engaging in any activity in which he or she did not engage on behalf of any of the Company Parties prior
to such termination of employment or (2) from entering into any employment in, or with an employer that conducts business in, any Covered MSA if Executive has not performed any services on behalf of any of the Company Parties in such Covered MSA.
Without limiting the generality of the foregoing, Executive agrees that, during the Noncompete Period, Executive shall not compete against any of the Company Parties by soliciting any customer or prospective customer of any of the Company Parties in
any Covered MSA with whom Executive had any business dealings or contracts on behalf of any of the Company Parties during the two years prior to the such termination of employment. Executive agrees that this covenant is reasonable with respect to
its duration, geographical area and scope. For purposes of this Agreement, (i) the term “participate in” includes having any direct or indirect interest in any Person, whether as a sole proprietor, owner, stockholder, partner, joint
venture, creditor or otherwise, or rendering any direct or indirect service or assistance to any Person (whether as a director, officer, manager, supervisor, employee, agent, consultant or otherwise), other than owning up to 5% of the outstanding
stock of any class that is publicly traded, (ii) the term “MSA” means metropolitan statistical area and (iii) the term “Covered MSA” means the MSAs set forth on Schedule I attached hereto (it being understood
and agreed among all of the parties to this Agreement that (x) each of the Company Parties is a newly-formed entity, (y) as of the date of this Agreement, none of the Company Parties carries on any business activities, and (z) the Company Parties
have been formed for the purpose of carrying on business in all of the Covered MSAs). 
  

 -14- 

 (e) Nonsolicitation. During the Noncompete Period, Executive shall not (i) induce or attempt to
induce any employee of any of the Company Parties to leave the employ of any of the Company Parties, or in any way interfere with the relationship between any of the Company Parties and any employee thereof, or (ii) call on, solicit or service any
customer, supplier, licensee, licensor or other business relation of any of the Company Parties in order to induce or attempt to induce any such Person to cease doing business with the any of the Company Parties, or in any way interfere with the
relationship between any such customer, supplier, licensee or business relation and any of the Company Parties (including making any negative statements or communications concerning any of the Company Parties). 
  
 (f) Noncompete Compensation. “Noncompete
Compensation” shall (i) be payable if (but only if) Executive’s employment is terminated by any of the Company Parties without Cause or Executive resigns with Good Reason, (ii) subject to clause (i) above, be payable in accordance with
the customary payroll practices of the Company during the period beginning the day after the date of Executive’s termination of employment with the Company Parties and ending on the first anniversary of such date of termination and (iii)
subject to clause (ii) above, be paid at a rate equal to 100% of the annual rate in effect immediately prior to Executive’s termination of employment. 
  
 (g) Judicial Modification. If the final judgment of a court of competent jurisdiction declares that any term or provision of this Section 5 is
invalid or unenforceable, the parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or geographic area of the term or provision, to delete specific words or
phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement
shall be enforceable as so modified after the expiration of the time within which the judgment or decision may be appealed. 
  

	 	6.	Definitions. 

  
 “Base Rate” means, on any date, a variable rate per annum equal to the rate of interest most recently published by The Wall Street
Journal as the “prime rate” at large U.S. money center banks. 
  
 “Board” means (i) prior to the Management Rollup, the board of managers of the LLC, (ii) after the Management Rollup but prior to the dissolution and liquidation of Investors LLC, the board of
managers of Investors LLC and (iii) after the dissolution and liquidation of Investors LLC, the board of directors of the Company. 
  
 “Cause” means (A) Executive’s theft or embezzlement, or attempted theft or embezzlement, of money or property of any of the Company
Parties, Executive’s perpetration or attempted perpetration of fraud, or Executive’s participation in a fraud or attempted fraud, on any of the Company Parties, or Executive’s unauthorized appropriation of, or attempt to
misappropriate, any 

  

 -15- 

 
tangible or intangible assets or property of any of the Company Parties, (B) any act or acts of disloyalty, moral turpitude or material misconduct by
Executive injurious to the interest, property, value, operations, business or reputation of any of the Company Parties, or Executive’s conviction of a crime which results in injury to any of the Company Parties or (C) Executive’s repeated
refusal (other than by reason of Disability) to carry out reasonable instructions by Executive’s superiors or the Board or the Company’s board of directors. 
  
 “Class C Units” has the meaning given to it in the LLC Agreement. 
  
 “Class D Units” has the meaning given to it in the LLC
Agreement. 
  
 “Common Stock” means the
Company’s Common Stock, par value $.01 per share. 
  
 “Common Units” has the meaning given to it in the LLC Agreement. 
  
 “Company Parties” means, collectively and without duplication, the LLC, Investors LLC, the Company and any of their Subsidiaries. 
  
 “Delaware General Corporation Law” mean the Delaware General Corporation Law, 8 Del. L. §101,
et seq., as it may be amended from time to time, and any successor to the Delaware General Corporation Law. 
  
 “Delaware Limited Liability Company Act” means the Delaware Limited Liability Company Act, 6 Del.L. § 18-101, et seq.,
as it may be amended from time to time, and any successor to the Delaware Act. 
  
 “Disability” means (i) any permanent physical or mental incapacity or disability rendering Executive unable or unfit to perform effectively the duties and obligations of Executive’s employment or
to participate effectively and actively in the management of the Company and its Subsidiaries, or (ii) any illness, accident, injury, physical or mental incapacity or other disability, which condition has rendered Executive unable or unfit to
perform effectively the duties and obligations of Executive’s employment or to participate effectively and actively in the management of the Company and its Subsidiaries for a period of at least 90 days (in either case, as determined in the
good faith judgment of the Company’s board of directors). 
  
 “Executive Securities” means (i) the Common Units issued to Executive hereunder and any securities of Investors LLC issued to Executive in exchange for such Common Units in connection with the Management Rollup, (ii) upon
dissolution and liquidation of Investors LLC, any securities of the Company distributed in respect of the securities referred to in clause (i) above pursuant to such dissolution and liquidation, (iii) any securities issued directly or indirectly
with respect to the foregoing securities by way of a split, dividend, distribution or other division of securities, or in connection with a combination of securities, recapitalization, merger, consolidation, or other reorganization, or upon
conversion, exchange or exercise of any of the foregoing securities 

  

 -16- 

 
and (iv) in the case of Section 4 and subsections 1(c), 1(d) and 7(a) of this Agreement, any other securities of the LLC, Investors LLC or the Company
hereafter acquired by Executive (other than any Preferred Units, any Class D Units or any securities issued in exchange therefor, which shall not be “Executive Securities” under this Agreement). Attached hereto as Annex B is an
example that illustrates the formula to be used in determining which Executive Securities received in a liquidation of Investors LLC are “Vested Securities” and which are “Unvested Securities” under this Agreement and the
procedure for determining the “Original Cost” of such Executive Securities for purposes of this Agreement. As to any particular securities constituting Executive Securities, such securities shall cease to be Executive Securities when they
have been (a) effectively registered under the Securities Act and disposed of in accordance with the registration statement covering them, (b) distributed to the public pursuant to Rule 144 under the Securities Act (or any similar provision then in
force), (c) repurchased by any of the Company Parties (including in exchange for Class C Units or Investors LLC Class C Units) or (d) contributed to Investors LLC in connection with the Management Rollup. 
  
 “Good Reason” means any of the following: (a) a material
breach of this Agreement by the LLC, Investors LLC or the Company (including a material reduction in Executive’s base salary set forth in Section 1(d) above), (b) the assignment of Executive, without Executive’s consent, to a position,
responsibilities or duties of a materially lesser status or degree of responsibility than Executive’s position, responsibilities or duties as of the date of this Agreement or (c) the requirement by any of the Company Parties, without the
Executive’s consent, that Executive be based anywhere other than (i) prior to the Company’s move to Atlanta, Georgia, the metropolitan area of Tampa, Florida or (ii) after the Company’s move to Atlanta, Georgia, the metropolitan area
of Atlanta, Georgia. 
  
 “Investor Purchase
Agreement” means the Investor Purchase Agreement of even date herewith entered into by and among Investors LLC and the purchasers named therein, as amended from time to time in accordance with its terms. 
  
 “Investors LLC” means egility Investors, LLC, a Delaware
limited liability company and owner of all of the outstanding capital stock of the Company as of the date hereof. 
  
 “Investors LLC Class C Unit” means a “Class C Unit” of Investors LLC (as such term is defined in the Investors LLC Agreement).

  
 “Investors LLC Class D Unit” means a
“Class D Unit” of Investors LLC (as such term is defined in the Investors LLC Agreement). 
  
 “Investors LLC Common Unit” shall mean a “Common Unit” of Investors LLC (as such term is defined in the Investors LLC
Agreement). 
  
 “Investors LLC Preferred Unit”
shall mean a “Preferred Unit” of Investors LLC (as such term is defined in the Investors LLC Agreement). 
  

 -17- 

 “Investors LLC Agreement” means the Limited Liability Company Agreement of even date
herewith entered into by and among the members of Investors LLC, as amended from time to time in accordance with its terms. 
  
 “LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of even date herewith entered into by and among the
members of the LLC, as amended from time to time in accordance with its terms. 
  
 “Major Investor Equity” means (i) the Investors LLC Preferred Units issued pursuant to the Investor Purchase Agreement or Section 3.1(g) of the Investors LLC Agreement to MDCP, MSCP, BV and VPVP (each
as defined in the LLC Agreement), (ii) upon and after the dissolution or liquidation of Investors LLC, the securities distributed in respect of the securities referred to in clause (i) above pursuant to such dissolution or liquidation, and (iii) any
securities issued directly or indirectly with respect to the foregoing securities by way of a split, dividend, distribution or other division of securities, or in connection with a combination or exchange of securities, recapitalization, merger,
consolidation, or other reorganization, or upon conversion or exercise of the foregoing (but not including any Investors LLC Class D Units issued in exchange for Investors LLC Preferred Units or any securities issued in exchange for such Investors
LLC Class D Units). As to any particular securities constituting Major Investor Equity, such securities shall cease to be Major Investor Equity when they have been (a) effectively registered under the Securities Act and disposed of in accordance
with the registration statement covering them, (b) distributed to the public pursuant to Rule 144 under the Securities Act (or any similar provision then in force) or (c) repurchased by any of the Company Parties (including in exchange for Class D
Units). 
  
 “Management Rollup” has the meaning
given to it in the Unitholders Agreement. 
  
 “Original
Cost” means (i) with respect to any Common Unit or any Investors LLC Common Unit issued to Executive in exchange for any Common Unit, the Capital Contribution made in respect of such Common Unit (i.e., in the case of all Common Units
outstanding as of the date hereof, $.25 per Common Unit) and (ii) with respect to any other securities, the original price (if any) paid upon issuance of such securities or any underlying securities. 
  
 “Person” means any individual, partnership, corporation,
limited liability company, association, joint stock company, trust, joint venture, unincorporated organization and any governmental entity or any department, agency or political subdivision thereof. 
  
 “Preferred Stock” means the Company’s Class A Preferred
Stock, par value $.01 per share. 
  
 “Preferred
Units” has the meaning given to it in the LLC Agreement. 
  
 “Public Offering” means any sale of the Company’s common stock pursuant to an effective registration statement under the Securities Act filed with the Securities and Exchange 

  

 -18- 

 
Commission on Form S-l (or any successor form adopted by the Securities and Exchange Commission); provided that the following shall not be considered
a public offering: (i) any issuance of common equity securities by the Company as consideration for a merger or acquisition, (ii) any issuance of common securities to employees, directors or consultants of any of the Company or any of its
Subsidiaries as part of an incentive or compensation plan, (iii) any issuance of common equity securities as part of a unit with debt or preferred stock or any similar structure in which the common equity securities are being offered primarily as a
means of enhancing the Company’s ability to sell the debt or preferred stock and (iv) the issuance of common stock by the Company upon conversion of any preferred stock of the Company. 
  
 “Qualified Sale of the Company” means a Sale of the Company
in which the consideration for such assets or stock in such sale or transfer consists of cash and/or publicly traded equity securities for at least 50% of the outstanding stock of the Company or interests in the LLC (e.g., 100% of such consideration
would have to consist of cash and/or publicly traded equity securities if only 50.01% of such stock were sold in such transaction). 
  
 “Sale of the Company” means either (i) the sale, lease, transfer, conveyance or other disposition, in one or a series of related
transactions, of all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole (other than a collateral assignment by the Company and its Subsidiaries of such assets to any lender as security for the Company’s and
its Subsidiaries obligations to such lender), or (ii) a transaction or series of transactions (including by way of merger, consolidation, sale of stock, recapitalization or otherwise) the result of which is that (A) any “person” or
“group” (as such terms are used in Section 13(d)(3) of the Securities Exchange Act) other than Investors LLC or MDCP and its Affiliates (as such terms are defined in the Investors LLC Agreement) becomes the “beneficial owner” (as
such term is defined in Rule 13d-3 and Rule 13d-5 promulgated under the Securities Exchange Act), directly or indirectly through one or more intermediaries, of more than 50% of the voting power of the outstanding voting stock of the Company or (B)
the beneficial owners of the Company’s outstanding voting stock immediately prior to the transaction cease to own directly or indirectly at least 50% of the voting power of the outstanding voting stock of the Company other than as a result of a
sale of stock which is a Public Offering. 
  
 “Securities
Act” means the Securities Act of 1933, as amended, or any similar federal law then in force. 
  
 “Stock Purchase Agreement” means the Stock Purchase Agreement of even date herewith entered into by and between the Company and Investors
LLC, as amended from time to time in accordance with the terms thereof. 
  
 “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association or business entity of which (i) if a corporation, a majority of the total voting power of shares of stock
entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof is at the time owned or controlled, directly or indirectly, 

  

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by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership,
association or other business entity (other than a corporation), a majority of the partnership, membership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more
Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a
corporation) if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control, directly or indirectly, any managing director, a majority of
the board or managers or general partner of such limited liability company, partnership, association or other business entity. Notwithstanding anything contained herein and for the avoidance of doubt, as of the date hereof the LLC is a Subsidiary of
the Company and shall continue to be a Subsidiary of the Company for purposes of this Agreement so long as the Company holds a majority of the outstanding “Units” of the LLC (as defined in the Operating LLC Agreement). 
  
 “Transfer” means any sale, transfer, assignment, pledge,
mortgage, exchange, hypothecation, grant of a security interest or other direct or indirect disposition or encumbrance of an interest (whether with or without consideration, whether voluntarily or involuntarily or by operation of law) or the acts
thereof. The terms “Transferee,” “Transferred,” and other forms of the word “Transfer” shall have correlative meanings. 
  
 “Unitholders Agreement” means the Unitholders Agreement of even date herewith entered into by and among the
Company, the LLC, Investors LLC, the holders of interests in the LLC and the holders of interests in Investors LLC, as amended from time to time in accordance with its terms. 
  

	 	7.	Miscellaneous Provisions. 

  
 (a) Transfers in Violation of Agreement. Any Transfer or attempted Transfer of any Executive Securities in violation of any provision of this
Agreement shall be void, and none of the Company Parties shall record such purported Transfer on its books or treat any purported Transferee of such Executive Securities as the owner of such securities for any purpose. 
  
 (b) Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such
invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein. 
  
 (c) Complete Agreement.
This Agreement, those documents expressly referred to herein and the other documents of even date herewith embody the complete agreement and 

  

 -20- 

 
understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral,
which may have related to the subject matter hereof in any way. 
  
 (d) Remedies. Each of the parties to this Agreement shall be entitled to enforce its rights under this Agreement specifically, to recover damages and costs (including reasonable attorney’s fees) caused by any breach of any
provision of this Agreement and to exercise all other rights existing in its favor. The parties hereto agree and acknowledge that money damages would not be an adequate remedy for any breach of the provisions of this Agreement and that any party may
in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance (without posting a bond or other security) and/or other injunctive relief in order to enforce or prevent any violations of the provisions
of this Agreement. 
  
 (e) Amendment, Modification, or
Waiver. The provisions of this Agreement may be amended, modified, or waived only with the prior written consent of the LLC, Investors LLC, the Company and Executive. 
  
 (f) Business Days. If any time period for giving notice or taking action hereunder expires on a day which is a
Saturday, Sunday or legal holiday in the States of Illinois or Georgia, the time period shall be automatically extended to the business day immediately following such Saturday, Sunday or holiday. 
  
 (g) Descriptive Headings; Interpretation; No Strict Construction. The
descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular forms of nouns, pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document or instrument means such agreement, document or instrument as amended or otherwise modified
from time to time in accordance with the terms thereof, and if applicable hereof. The use of the words “include” or “including” in this Agreement shall be by way of example rather than by way of limitation. The use of the words
“or,” “either” or “any” shall not be exclusive. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises,
this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
  
 (h) Notices. All notices, demands or other communications to be given
or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when (a) delivered personally to the recipient, (b) telecopied to the recipient (with hard copy sent to the recipient by
reputable overnight courier service (charges prepaid) that same day) if telecopied before 5:00 p.m. Atlanta, Georgia time on a business day, and otherwise on the next business day, or (c) one business day after being sent to the recipient by 

  

 -21- 

 
reputable overnight courier service (charges prepaid). Such notices, demands and other communications shall be sent to the following Persons at the following
addresses: 
  
 To the Company: 
  
 egility Communications, Inc. 
 15310 Amberly Drive, Suite 207 
 Tampa,
Florida 33647 
 Attention:     President 
 Telephone:   (813) 631-8993 
 Telecopy:     (813) 971-8683

  
 with a copy (which shall not constitute notice) to:

  
 Winston & Strawn 
 35 West Wacker Drive 
 Chicago, Illinois
60601-9703 
 Attention:     Gregory S. Murray, Esq. 
 Telephone:   (312) 558-5669 
 Telecopy:     (312) 558-5700 
  
 To the LLC or Investors LLC: 
  
 %Madison
Dearborn Capital Partners 
 Three First National Plaza, Suite 3800 
 Chicago, Illinois 60670 
 Attention:
   James N. Perry, Jr. 
 Douglas Grissom 
 Telephone:  (312) 895-1220 
 Telecopy:     (312) 895-1001 
  
 with copies (which shall not constitute notice) to: 

 
 Kirkland & Ellis 
 153 East 53rd Street

 New York, New York 10022 
 Attention:     John L Kuehn, Esq. 
 Telephone:   (212) 446-4821 
 Telecopy:     (212) 446-4900 
  
 To Executive: at the address set forth in the LLC’s, Investors LLC’s or the Company’s records. 
  

 -22- 

 or to such other address or to the attention of such other person as the recipient party has specified by prior written
notice to the sending party. 
  
 (i) Successors and
Assigns. 
  
 (i) This Agreement shall bind
the parties hereto and their respective successors and assigns and shall inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns whether so expressed or not. 
  
 (ii) Each of the Company, the LLC, Investors LLC and
Executive hereby acknowledges that upon and after the Management Rollup and prior to the dissolution and liquidation of Investors LLC, (A) all obligations and duties of the LLC hereunder shall thereafter bind and be enforceable against Investors
LLC, (B) all rights and powers granted to the LLC hereunder (including the repurchase rights set forth in Section 3) shall inure to the benefit of and be enforceable by Investors LLC, (C) all references to the LLC shall thereafter be deemed to be
references to Investors LLC and all references to securities of the LLC shall be deemed to be references to equivalent securities of Investors LLC, (D) this Agreement shall thereafter operate and be construed as if the word “Investors LLC”
were substituted for the word “LLC” in each such instance, and (to the extent applicable) as if words referring to equivalent Investors LLC securities were substituted for words referring to LLC securities. 
  
 (iii) Each of the Company, the LLC, Investors LLC and
Executive hereby acknowledges that upon and after the dissolution and liquidation of Investors LLC, (A) all obligations and duties of the LLC and Investors LLC hereunder (including the obligations and duties of Investors LLC pursuant to clause (ii)
above) shall thereafter bind and be enforceable against the Company, (B) all rights and powers granted to the LLC and Investors LLC hereunder (including the rights and powers granted to Investors LLC pursuant to clause (ii) above (which include the
repurchase rights set forth in Section 3)) shall inure to the benefit of and be enforceable by the Company, (C) all references to the LLC and Investors LLC shall thereafter be deemed to be references to the Company, and (D) this Agreement shall
thereafter operate and be construed as if the word “Company” were substituted for the word “LLC” or “Investors LLC” in each such instance. 
  
 (j) CHOICE OF LAW. THE QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS
AGREEMENT AND THE EXHIBITS HERETO SHALL BE GOVERNED BY THE INTERNAL LAW, AND NOT THE LAW OF CONFLICTS, OF THE STATE OF DELAWARE. 
  
 (k) Counterparts. This Agreement may be executed in separate counterparts, none of which need contain the signature of more than one party hereto
but each of which shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
  

 -23- 

 (l) Delivery by Facsimile. This Agreement, the agreements referred to herein, and each other
agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine, shall be treated in all manner and
respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or
instrument, each other party hereto or thereto shall reexecute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a signature or
the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine as a defense to the formation or enforceability of a contract and each such party forever waives any such defense.

  
 *        *        *        * 
  

 -24- 

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

			
	EGILITY INVESTORS, LLC
		
	 By:
	 	 /s/ Mark A. Masi

	 Its:
	 	 CAO

	
	EGILITY COMMUNICATIONS, LLC
		
	 By:
	 	 /s/ Mark A. Masi

	 Its:
	 	 CAO

	
	EGILITY COMMUNICATIONS, INC.
		
	 By:
	 	 /s/ Mark A. Masi

	 Its:
	 	 CAO

	 	 	 

			
		
	 /s/ James F. Geiger
	 	3/24/00
	 James F. Geiger
	 	 

  

 SCHEDULE I 
  

Covered MSAs 
  
 Atlanta 
 Boston 
 New York City 
 Miami 
 Washington, D.C. 
 Los Angeles 
 Chicago 
 Philadelphia 
 Houston 
 Detroit 
 Dallas 
 San Francisco 
 San Diego 
 Seattle 
 Denver 
 Tampa/Orlando 
 Charlotte 
 Raleigh 
 Cleveland 
 St. Louis 
 Phoenix 
 New Orleans 
 Kansas City 
  

 ANNEX A 
  
 March 28, 2000 
  
 FORM OF ELECTION TO INCLUDE STOCK IN GROSS 
 INCOME PURSUANT TO SECTION 83(b) OF THE

 INTERNAL REVENUE CODE 
  
 The undersigned purchased Common Units (collectively, the “Units”) from egility Communications, L.L.C., a Delaware limited liability
company (the “Company”). Under certain circumstances, the Company and/or certain other parties (the “Other Parties”) have the right to repurchase some or a portion of the Units at cost from the undersigned (or from
the holder of the Units, if different from the undersigned) should the undersigned cease to be employed by the Company or certain of its affiliates. Hence, the Units are subject to a substantial risk of forfeiture and are nontransferable. The
undersigned desires to make an election to have the Units taxed under the provision of Code §83(b) at the time the undersigned purchased the Units. 
  
 Therefore, pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated thereunder, the undersigned hereby makes an election with respect
to the Units (as described in paragraph 2 below), to report as taxable income for calendar year 2000 the excess (if any) of the Units’ fair market value on March 28, 2000 over the purchase price thereof. 
  
 The following information is supplied in accordance with Treasury Regulation
§1.83-2(e): 
  
 1. The name, address and social security
number of the undersigned: 
  
 James F. Geiger 

 [address] 
 SS#
                         
  
 2. A description of the property with respect to which the election is being made: 3,439,000 Common Units. 
  
 3. The date on which the property was transferred: March 28, 2000 The taxable
year for which such election is made: calendar year 2000. 
  

 4. The restrictions to which the property is subject: If the undersigned ceases to be employed by the
Company or certain of its affiliates before certain events or certain time periods lapse, any Common Units which have not vested pursuant to the terms and conditions of the purchase agreement between the Company, the undersigned and certain
affiliates of the Company shall be subject to repurchase by the Company and/or the Other Parties at original cost. 
  
 5. The fair market value on March 28, 2000 of the property with respect to which the election is being made, determined without regard to any lapse
restrictions: 
  
 $0.25 per Unit 
  
 6. The amount paid for such property: 
  
 $0.25 per Unit 
  
 A copy of this election has been furnished to the Secretary of the Company
pursuant to Treasury Regulations §1.83-2(e)(7). 
  

									
					
	 Dated:
	 	 	 	 	 	 	 	 
	 	 	
	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 James F. Geiger

  

 ANNEX B  
  
 Illustration 
  
 Executive “A” owns 500,000 Common Units for which he paid $125,000. 
  
 The LLC is dissolved on a date after March 1, 2001 but prior to March 1, 2002 and shares of the Company are distributed to
the Unitholders, at which time 200,000 (i.e., 40%) of Executive A’s Common Units are vested. 
  
 In that liquidating distribution, assuming the Management Rollup has occurred, Executive A receives 2,000,000 shares of Common Stock of the Company in
respect of his 500,000 Common Units. 
  
 Under the facts
described above, the following would be the case: 
  

	 	(1)	Of the 2,000,000 shares of Company Common Stock distributed to Executive A in respect of his Common Units, 800,000 shares (i.e., 40%) would be “Vested Securities” for
purposes of his Executive Purchase Agreement, and 1,200,000 shares would be “Unvested Securities” for that purpose, in each case as of the time of the liquidating distribution. 

  

	 	(2)	Assuming Executive A’s continued employment, those 1,200,000 unvested shares would continue to vest under the terms of his Executive Purchase Agreement (that is, for example,
under normal circumstances 400,000 of those shares would vest on March 1 in each of 2002, 2003 and 2004). 

  

	 	(3)	For purposes of his Executive Purchase Agreement, the Original Cost paid for Executive A’s 500,000 Common Units will be deemed instead to have been paid for the 2,000,000
shares of Company Common Stock described above, with the Original Cost of each of those 2,000,000 shares being deemed to be $0.0625 (i.e., $125,000 ÷ 2,000,000).

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