Document:

2011 Lighting Science Group Corporation Employee Stock Purchase Plan

 Exhibit 4.8 
 LIGHTING SCIENCE GROUP CORPORATION 
 2011 EMPLOYEE STOCK PURCHASE PLAN

 Lighting Science Group Corporation, a Delaware corporation (hereinafter referred to as “LSG”)
hereby adopts and establishes the 2011 Lighting Science Group Corporation Employee Stock Purchase Plan (the “Plan”), effective as of January 1, 2011 upon the terms and conditions hereinafter stated, subject to approval
by its stockholders within 12 months before or after the Plan is adopted by the Board. 
 ARTICLE 1 

PURPOSE 

The purpose of the Plan is to provide employees of LSG and designated Subsidiaries (together with LSG, referred to herein as the
“Company”) with an opportunity to acquire a proprietary interest in LSG. The Plan provides for Eligible Employees the opportunity to purchase shares of Common Stock of LSG at a discount to market value through voluntary
systematic payroll deductions. The options provided to Eligible Employees under the Plan shall be in addition to any regular salary, profit sharing, pension, life insurance, special payments or other benefits related to an Employee’s employment
with the Company. It is the intention of LSG that the Plan qualify as an “Employee Stock Purchase Plan” pursuant to Section 423 of the Code and the final treasury regulations issued thereunder. 

ARTICLE 2 

DEFINITIONS 
 2.1 “Account” shall mean the payroll deduction bookkeeping account maintained by the Company, or by a record keeper on behalf of the Company, for a Participant pursuant to
Section 5.3(h). 
 2.2 “Board” shall mean the board of directors of LSG. 

2.3 “Code” shall mean the United States Internal Revenue Code of 1986, as amended, and the regulations
promulgated thereunder. 
 2.4 “Committee” shall mean the committee appointed or designated by
the Board to administer the Plan in accordance with Article 4 of this Plan. 
 2.5 “Common
Stock” means the common stock of LSG, par value $0.001 per share, which LSG is currently authorized to issue or may in the future be authorized to issue. 
 2.6 “Compensation” shall mean a Participant’s regular earnings, overtime pay, sick pay and vacation pay. Compensation also includes any amounts contributed as salary
reduction contributions to a plan qualifying under Section 401(a) of the Code. Any other form of remuneration is excluded from Compensation, including (but not limited to) the following: commissions, incentive compensation, bonuses, prizes,
awards, housing allowances, stock option exercises, stock appreciation rights, restricted stock exercises, performance awards, auto allowances, tuition reimbursement and other forms of imputed income. 

  
 1 

 2.7 “Contributions” shall mean all bookkeeping amounts
credited to the Account of a Participant pursuant to Section 5.3(h). 
 2.8
“Disability” shall mean, as determined by the Committee in its sole discretion exercised in good faith, a physical or mental impairment of sufficient severity that either the Participant is unable to continue performing
the duties he performed before such impairment or the Participant’s condition entitles him to disability benefits under any insurance or employee benefit plan of the Company and that impairment or condition is cited by the Company as the reason
for termination of the Participant’s employment or participation as a member of the Board. 
 2.9
“Eligible Employee” shall mean an Employee of the Company, other than an Employee who: (a) immediately after the option is granted, owns stock possessing five percent (5%) or more of the total combined voting
power or value of all classes of stock of the Company, computed in accordance with Section 423(b)(3) of the Code, (b) is an Ineligible Foreign Employee, (c) customarily works for not more than five (5) months in any calendar
year, or (d) customarily works twenty (20) hours or less per week. Notwithstanding the foregoing, the Committee may provide in an Offering that Employees who are highly compensated Employees within the meaning of Section 423(b)(4)(D)
of the Code shall not be eligible to participate. 
 2.10 “Employee” shall mean any common law
employee (as defined in accordance with the regulations and rulings then applicable under Section 3401(c) of the Code) of LSG or a subsidiary designated by the Committee (together with LSG, the “Company”). 

2.11 “Ineligible Foreign Employee” shall mean an Employee who is a citizen or resident of a jurisdiction
outside of the United States (without regard to whether he or she is also a citizen of the United States or is a resident alien (within the meaning of Section 7701(b)(1)(A) of the Code) who is ineligible to participate in the Plan because
(a) the grant of an option under the Plan to such citizen or resident of the foreign jurisdiction is prohibited under the laws of such jurisdiction, or (b) compliance with the laws of the foreign jurisdiction would cause the Plan to
violate the requirements of Section 423 of the Code. 
 2.12 “Offering” shall mean the grant
of options to purchase shares of Common Stock under the Plan to Eligible Employees. 
 2.13 “Offering
Date” shall mean a date selected by the Committee for an Offering to commence. 
 2.14
“Participant” shall mean an Eligible Employee who has elected to participate in the Plan, pursuant to a Subscription Agreement, on a form prescribed by the Committee. 

2.15 “Plan” shall mean this 2011 Lighting Science Group Corporation Employee Stock Purchase Plan, as
amended from time to time. 
 2.16 “Retirement” shall mean a termination of employment solely due
to retirement upon or after attainment of age sixty-five (65), or permitted early retirement as determined by the Committee. 

2.17 “Subscription Agreement” shall mean an agreement in a form approved by and in a manner prescribed by
the Committee, pursuant to which an Eligible Employee may elect to participate in the Plan. The Subscription Agreement shall contain the Eligible Employee’s authorization and consent to payroll deductions. The Subscription Agreement shall
comply with and be subject to the terms and conditions of the Plan. 

  
 2 

 2.18 “Subsidiary” means any corporation in an unbroken chain
of corporations beginning with LSG, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing a majority of the total combined voting power of all classes of stock in one of the other corporations in the
chain. 
 ARTICLE 3 
 ELIGIBILITY 
 For each Offering made under the Plan, each Employee who is
an Eligible Employee on the Offering Date under such Offering, may, as determined and selected by the Committee in accordance with Section 423 of the Code and the final treasury regulations issued thereunder, be eligible to participate in such
Offering. For each Offering, the Offering Date shall be as determined by the Committee. All Eligible Employees who are granted an option under this Plan shall have the same rights and privileges with respect to such option. 

ARTICLE 4 

ADMINISTRATION 
 The Plan shall be administered by the Committee, which shall be the committee of the Board designated by the Board or, if no such committee is designated, the Board. The Committee shall have full power
and authority to construe, interpret and administer the Plan, provided that it shall interpret the Plan in accordance with Section 423 of the Code and the final treasury regulations issued thereunder. It may issue rules and regulations for
administration of the Plan. It shall meet at such times and places as it may determine. A majority of the members of the Committee shall constitute a quorum and all decisions of the Committee shall be final, conclusive and binding upon all parties,
including the Company, the stockholders, and Employees. 
 The Committee shall have the full and exclusive right to establish
the terms of each Offering of Common Stock under the Plan except as otherwise expressly provided in this Plan. The Committee may delegate such power, authority and rights with respect to the administration of the Plan as it deems appropriate to one
or more members of the management of the Company (including, without limitation, a committee of one or more members of management appointed by the Committee); provided, however, that any delegation to management shall conform with the requirements
of applicable law and stock exchange regulations. The Committee may also recommend to the Board revisions of the Plan. 

  
 3 

 ARTICLE 5 
 OPTION OFFERINGS 
 5.1 Annual Offerings. Each year during the term
of the Plan, unless the Committee determines otherwise, the Company will make one or more Offerings in which options to purchase LSG Common Stock will be granted under the Plan. Each Offering shall be in such form and shall contain such terms and
conditions as the Committee shall deem appropriate, which shall comply with the requirement of Section 423(b)(5) of the Code that all Employees granted Purchase Rights shall have the same rights and privileges. 

5.2 Number Available for Options. Subject to adjustments as described below, no more than 2,000,000 shares of Common Stock may be
sold pursuant to options granted under the Plan. Either authorized and unissued shares or issued shares heretofore or hereafter acquired by the Company may be made subject to options under the Plan. If, for any reason, any option under the Plan
terminates in whole or in part, shares subject to such terminated option may be again subjected to an option under the Plan. 

5.3 Terms and Conditions of Options. 
 (a) An purchase price per share for each Offering (the “Purchase “Price”) shall be determined by the Committee on or prior to the Offering Date, which shall in no
instance be less than: (a) 85% of fair market value of the Common Stock on the date the option is granted, or (b) 85% of fair market value of the Common Stock on the date the option is exercised, whichever is lower. The fair market value
on the Offering Date or Purchase Date shall be determined by such methods or procedures as shall be established by the Committee prior to or on the Offering Date. 

(b) The expiration date of the options granted in each Offering shall be determined by the Committee prior to or on
the date of grant of the options, but in any event shall not be more than twenty-seven (27) months after the Offering Date. 
 (c) Each option shall entitle an Eligible Employee to purchase up to that number of shares of Common Stock purchasable either with a percentage or with a maximum dollar amount, as designated by the
Committee, but in either case not exceeding forty percent (40%) of such Employee’s Compensation during the period that begins on the date selected by the Committee for the Offering to commence and ends on the date stated in the Offering,
which date shall be no later than the end of the Offering (but not to exceed the amount specified in Section 423(b) of the Code). Each Eligible Employee may elect to participate for less than the maximum number of shares or dollar amount
specified by the Committee. No option may be exercised for a fractional share of Common Stock. 
 (d) If
any amount remains in an Eligible Employee’s Account after the purchase of shares of Common Stock and such remaining amount is less than the amount required to purchase one share of Common Stock on the final Purchase Date of an Offering, then
such remaining amount shall be held in such Employee’s Account for the purchase of shares of Common Stock under the next Offering under the Plan, unless such Employee’s withdraws from such next Offering or is not eligible to participate in
such Offering, in which case such amount shall be distributed to such Employee after the final Purchase Date, without interest. 

  
 4 

 (e) In connection with each Offering, the Committee may specify a
maximum number of shares of Common Stock that may be purchased by any Participant on any Purchase Date during such Offering. In connection with each Offering, the Committee may specify a maximum aggregate number of shares of Common Stock that may be
purchased by all Participants pursuant to such Offering. In connection with each Offering that contains more than one Purchase Date, the Committee may specify a maximum aggregate number of shares of Common Stock that may be purchased by all
Participants on any Purchase Date. If the aggregate purchase of shares of Common Stock issuable upon exercise of Purchase Rights granted under the Offering would exceed any such maximum aggregate number, then, in the absence of any Committee action
otherwise, a pro rata allocation of the shares of Common Stock available shall be made in as nearly a uniform manner as shall be practicable and equitable. 
 (f) The term of each Offering shall consist of the following three periods: 
 (i) an “Enrollment Period” during which each Eligible Employee shall determine whether or not, and to what extent, to participate by authorizing payroll deductions;

 (ii) a “Payroll Deduction Period” during which payroll deductions shall be made
and credited to each Participant’s Account; and 
 (iii) a “Purchase Date” or
“Purchase Dates” on which options of Participants will be automatically exercised and as of which purchases of shares of Common Stock will be carried out in accordance with an Offering. 

The beginning and ending dates of each Enrollment Period and Payroll Deduction Period and the date of each Purchase Date shall be
determined by the Committee. 
 (g) Each Eligible Employee who desires to participate in an Offering shall
elect to do so by completing and delivering by the end of the Enrollment Period to the Committee (or such person designated by the Committee) a Subscription Agreement in the form (including without limitation, telephonic and electronic transmission,
utilization of voice response systems and computer entry) prescribed by the Committee authorizing payroll deductions during the Payroll Deduction Period. Unless otherwise permitted by the Committee, such Subscription Agreement shall constitute an
election to participate in a single Offering under the Plan. 
 (h) The Company shall maintain on its
books, or cause to be maintained by a record keeper, a payroll deduction account in the name of each Participant (an “Account”). The amount or percentage of Compensation elected to be applied as Contributions by a Participant
shall be deducted from such Participant’s Compensation on each payday during the Payroll Deduction Period and such payroll deductions shall be credited to that Participant’s Account as soon as administratively practicable. Except as
provided in Section 6.1, a Participant may not make any additional payments to his or her Account. A Participant’s Account shall be reduced by any amounts used to pay for the shares of Common Stock acquired pursuant to the options,
or by any other amounts distributed pursuant to the terms hereof. 
 (i) On the Purchase Date, the options
of each Participant to which such Purchase Date relates shall be automatically exercised in full without the need for the Participant to take any action. 

  
 5 

 (j) Upon exercise of an option, the shares shall be paid for in full
by transfer of the aggregate Purchase Price from the Participant’s Account to the account of the Company, and any balance in the Participant’s Account shall be paid to the Employee in cash or applied to subsequent Offerings. 

(k) A Participant will have none of the rights and privileges of a stockholder of the Company with respect to the
shares of Common Stock subject to an option under the Plan until such shares of Common Stock have been transferred or issued to the Participant or to a designated broker for the Participant’s Account on the books of the Company. 

(l) An option granted under the Plan may not be transferred except by will or the laws of descent and distribution
and, during the lifetime of the Participant to whom granted, may be exercised only for the benefit of the Participant. 
 (m) No Participant shall be granted an option that permits the Participant’s rights to purchase Common Stock under all employee stock purchase plans of the Company to accrue at a rate which
exceeds $25,000 (or such other maximum as may be prescribed from time to time by the Code) of fair market value of such Common Stock (determined at the date of grant) for each calendar year in which such option is outstanding at any time in
accordance with the provisions of Section 423(b)(8) of the Code. 
 5.4 Issuance of Shares of Common Stock. As soon
as administratively practicable following an Purchase Date, the Company shall deliver to each Participant a certificate representing the shares of Common Stock purchased upon exercise of his or her options. The time of issuance and delivery of the
shares of Common Stock may be postponed for such periods as may be required to comply with registration requirements under the Securities Act of 1933, the Securities Exchange Act of 1934, listing requirements of any exchange on which the shares of
Common Stock may then be listed, and the requirements under other laws or regulations applicable to the issuance or sale of such shares. 
 5.5 Revocation of Subscription Agreement. At any time prior to a Purchase Date, a Participant shall have the right to revoke his or her elections set forth in the Subscription Agreement, on a form
and pursuant to such terms as the Committee may prescribe. The Company shall, upon receipt of such notice of cancellation, refund to the Participant, without interest, any amounts withheld from the Participant in respect of such Offering to acquire
shares of Common Stock, as soon as administratively practicable. 
 5.6 Modification of Subscription Agreement. A
Participant may change his or her elections set forth in a Subscription Agreement by completing and filing with the Committee (or such person designated by the Committee), a new Subscription Agreement. Such changes may be filed with the Committee
(or such person designated by the Committee) prior to the end of the Enrollment Period of the subsequent Offering; such change shall be effective as of the next occurring Offering Date of such subsequent Offering. Any Subscription Agreement made
pursuant to this Section 5.6 shall revoke any then outstanding Subscription Agreement. 

  
 6 

 ARTICLE 6 
 TERMINATION OF EMPLOYMENT; CHANGE IN ELIGIBLE STATUS 
 6.1 Unless
otherwise provided by the Committee, upon a Participant’s termination from employment with the Company for any reason or in the event that a Participant is no longer an Eligible Employee or if the Participant elects to revoke his or her
Subscription Agreement pursuant to Section 5.5, at any time prior to the last day of a Payroll Deduction Period of an Offering period in which he or she participates, such Participant’s Account shall be paid, without interest, to
him or her in cash, or, in the event of such Participant’s death, paid, without interest, to such Participant’s estate or beneficiary, and such Participant’s options shall be automatically terminated. The Committee may provide on an
equal basis, upon a Participant’s termination from employment with the Company (a) by reason of Retirement, Disability and/or death, to permit the exercise of the Participant’s options at any time within the three (3) month
period following such termination of employment or the Purchase Date, whichever is earlier. If the Committee permits a Participant to exercise his or her options following the Participant’s termination of employment, the Committee may permit
the Participant (or his or her estate or beneficiary) to contribute additional amounts to the Participant’s Account, if necessary, to exercise the options up to the full amount or number of shares of Common Stock subject to such options as
subscribed for in the Subscription Agreement. Notwithstanding the foregoing, if a Participant’s employment with the Company terminates for any reason other by reason of Retirement, Disability or death, such Participant’s Account shall be
paid to him or her in cash, without interest, as soon as administratively practicable. 
 6.2 A prior termination from
employment with the Company shall not have any effect upon a reemployed Employee’s ability to participate in any succeeding Offering, provided that the applicable eligibility and participation requirements are again met. 

6.3 For purposes of the Plan, the employment relationship shall be treated as continuing intact while an individual is on sick
leave or other leave of absence approved by the Company. Where the period of leave exceeds ninety (90) days and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship will be
deemed to have terminated on the 91st day of such leave. 
 ARTICLE 7 

ADJUSTMENTS 
 In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, rights offering,
reorganization, merger, consolidation, split-up, spin-off, split-off, combination, subdivision, repurchase, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other
securities of the Company, or other similar corporate transaction or event affects the fair value of an option, then the Committee shall adjust any or all of the following so that the fair value of the option immediately after the transaction or
event is equal to the fair value of the option immediately prior to the transaction or event (i) the number and type of shares of Common Stock which thereafter may be made the subject of options, (ii) the number and type of shares of
Common Stock subject to outstanding options, and (iii) the grant, purchase or exercise price with respect to any option or, if deemed appropriate, make provision for a cash payment to the holder of an option. Notwithstanding the foregoing, no
such adjustment shall be made or authorized to the extent that such adjustment would cause the Plan or any option to violate Section 423 of the Code. Such adjustments 

  
 7 

 
shall be made in accordance with the rules of any securities exchange, stock market, or stock quotation system to which the Company is subject. Upon the occurrence of any such adjustment, the
Company shall provide notice to each affected Participant of its computation of such adjustment which shall be conclusive and shall be binding upon each such Participant. 
 ARTICLE 8 
 AMENDMENT 

The Committee may, at any time and from time to time, alter, amend, suspend or terminate the Plan, any part thereof or any option
thereunder as it may deem proper and in the best interests of the Company; provided, however, that stockholder approval shall be obtained to the extent necessary and required for the Plan to satisfy the requirements of Section 423 of the Code
or other applicable laws or regulations. 
 Notwithstanding the foregoing, the Committee may adopt and amend stock purchase
sub-plans with respect to Eligible Employees employed outside the United States with such provisions as the Committee may deem appropriate to conform with local laws, practices and procedures, and to permit exclusion of certain Employees from
participation. All such sub-plans shall be subject to the limitations on the amount of stock that may be issued under the Plan and, except to the extent otherwise provided in such plans, shall be subject to all of the provisions set forth herein.

 ARTICLE 9 
 TERM 
 The Plan shall be effective from the date that this Plan is approved
by the Board. Unless sooner terminated by action of the Board, the Plan will terminate on December 31, 2020, and no Offering shall be made hereunder after such date. Further, no Offering hereunder shall be made after any day upon which
participating Employees elect to participate for a number of shares equal to or greater than the number of shares remaining available for purchase. If the number of shares for which Employees elect to participate shall be greater than the shares
remaining available, the available shares shall at the end of the Enrollment Period be allocated among such participating Employees pro rata on the basis of the number of shares for which each has elected to participate. 

ARTICLE 10 

MISCELLANEOUS PROVISIONS 
 10.1 Disqualifying Disposition. If a share of Common Stock acquired pursuant to this Plan is disposed of by a Participant prior to the expiration of two (2) years from the Offering Date
relating to such share or one (1) year from the transfer of such share to the Participant (a “Disqualifying Disposition”), such Participant shall notify the Company in writing of the date and terms of such
disposition. A Disqualifying Disposition by a Participant shall not affect the status of any other option granted under the Plan. 
 10.2 Expenses of Administration. No charge of any kind will be made by the Company against the funds held in each Participant’s Account other than the application of the funds to payment for
shares of Common Stock under the Plan. The Company will pay all fees and expenses incurred by the Company in connection therewith. 

  
 8 

 10.3 Investment Intent. The Company may require that there be presented to and filed
with it by any Participant under the Plan, such evidence as it may deem necessary to establish that the shares of Common Stock to be purchased or transferred are being acquired for investment and not with a view to their distribution. 

10.4 No Right to Continued Employment. Neither the Plan nor any option granted under the Plan shall confer upon any Participant
any right with respect to continuance of employment by the Company. 
 10.5 Indemnification of Board and Committee. No
member of the Board or the Committee, nor any officer or Employee of the Company acting on behalf of the Board or the Committee, shall be personally liable for any action, determination, or interpretation taken or made in good faith with respect to
the Plan, and all members of the Board and the Committee, each officer of the Company, and each Employee of the Company acting on behalf of the Board or the Committee shall, to the extent permitted by law, be fully indemnified and protected by the
Company in respect of any such action, determination, or interpretation. 
 10.6 Applicable Law. This Plan and related
documents shall be governed by, and construed in accordance with, the laws of the State of Delaware. If any provision shall be held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions of this Plan shall
continue to be fully effective. 
 10.7 Plan Funds. All amounts held by the Company in Accounts under the Plan may
be used for any corporate purpose of the Company. No interest will be paid to any Employee or credited to his or her Account under this Plan. 
 10.8 Compliance with Governmental Laws and Stock Exchange Regulations. The obligation of the Company to sell and deliver Common Stock under the Plan is subject to applicable laws and to the
approval of any governmental authority required in connection with the authorization, issuance, sale or delivery of such common stock. The Company may, without liability to Participants, defer or cancel delivery of shares or take other action it
deems appropriate in cases where applicable laws, regulations or stock exchange rules impose constraints on the normal Plan operations or delivery of shares. 
 *  *  *  *  *  *  *  *  *  * 

  
 9 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed as of
February 10, 2010, by its Chief Financial Officer and Secretary pursuant to prior action taken by the Board and subject to approval by its stockholders. 

 

			
	 Lighting Science Group Corporation

		
	 By:
	 	 /s/ Gregory T. Kaiser

	 Name:
	 	 Gregory T. Kaiser

	 Title:
	 	
Chief Financial Officer and Corporate Secretary

 

	
	 Attest:

	
	  

  
 10Amended and Restated Employment Agreement for Kevin B. Thompson

 Exhibit 10.13 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 This AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (“Agreement”), dated and effective as of February 23, 2011, (the “Effective Date”) by and between SolarWinds Worldwide, LLC, a Delaware Limited Liability Company (the
“Company”) and Kevin B. Thompson (the “Employee”). 
 WHEREAS, the Parties agree that this Agreement hereby
supersedes any other employment agreements or understandings (with the exception of the Employee Proprietary Information Agreement (“EPIA”) entered into by Employee and SolarWinds.net, Inc. or any stock agreements between SolarWinds, Inc.
(“Parent”) and Employee), written or oral, between the Company and Employee, including but not limited to, the Employment Agreement between the Parent and Employee. 
 IN CONSIDERATION of the premises and the mutual covenants set forth below, the parties hereby agree as follows: 
 1. Position and Duties. 
 (a) The Employee will be employed
by the Company, on a full-time basis, as its President and Chief Executive Officer. 
 (b) The Employee agrees to
perform the duties of Employee’s position and such other duties as may reasonably be assigned to the Employee from time to time. The Employee also agrees that, while employed by the Company, the Employee will devote substantially all of
Employee’s business time and efforts to the advancement of the business and interests of the Company and its Affiliates and to the discharge of Employee’s duties and responsibilities for them. Notwithstanding the above, the Employee shall
be permitted, to the extent such activities do not in the aggregate materially interfere with the performance by the Employee of Employee’s duties and responsibilities hereunder to: (i) manage Employee’s personal, financial and legal
affairs; and (ii) serve on civic, educational, philanthropic or charitable boards or committees; and (iii) serve on any other corporate board or committee as long as such board or committee is disclosed to the Company and does not cause a
conflict of interest with Employee’s duties at the Company. 
 2. Compensation and Benefits. During Employee’s
employment, as compensation for all services performed by the Employee for the Company and its Affiliates, the Company will provide the Employee the following pay and benefits: 

(a) Base Salary. Effective as of April 1, 2011, the Company will pay Employee a base salary at the rate of
$350,000.00 per year (“Base Salary”), payable in accordance with the regular payroll practices of the Company and shall be reviewed annually and shall be subject to change from time to time by the Company in its discretion. 

(b) Bonus Compensation. Effective as of April 1, 2011, and as reviewed from time to time by the Company, the
Employee shall be eligible for a bonus targeted at $400,000.00, paid on a quarterly basis, based on the attainment of certain quarterly corporate and individual performance objectives agreed upon in advance by the Employee and the Managing
Executive. All payments under this section 2(b) will be made in accordance with the regular payroll practices of the Company. 

  
 - 1 -

 (c) Stock Options, Restricted Stock (“RS”), and Restricted
Stock Units (“RSUs”). Upon approval by the Company’s Board of Directors, the Company shall grant the Employee an option to purchase shares of common stock of the Company, at an exercise price equal to the Fair Market Value (as
such term is defined in the Company’s Stock Plan) on the date of grant. Employee shall also receive the right to units of restricted common stock of the Company upon vesting (“RSUs”). The terms of the Stock Options and RSUs are set
out in the Company’s Equity Incentive Plan. 
 (d) Participation in Employee Benefit Plans and Vacation
Policies. The Employee will be entitled to participate in all employee benefit plans and vacation policies in effect for employees of the Company. The Employee’s participation will be subject to the terms of the applicable plan documents
and generally applicable Company policies. 
 (e) Business Expenses. The Company will pay or reimburse the
Employee for all reasonable business expenses incurred or paid by the Employee in the performance of Employee’s duties and responsibilities for the Company. Reimbursements shall be subject to such reasonable substantiation and documentation as
the Company may specify from time to time. 
 3. Confidential Information and Restricted Activities. 

(a) Confidential Information. During the course of the Employee’s employment with the Company, the Company
agrees to provide the Employee with Confidential Information, as defined below, and the Employee may develop Confidential Information on behalf of the Company. The Employee agrees that Employee will not use or disclose to any Person (except as
required by applicable law or for the proper performance of the Employee’s regular duties and responsibilities for the Company) any Confidential Information obtained by the Employee incident to the Employee’s employment or any other
association with the Company or any of its Affiliates. The Employee understands that this restriction shall continue to apply after the Employee’s employment terminates, regardless of the reason for such termination. 

(b) Protection of Documents. All material documents, records, software and files, in any media of whatever kind and
description, relating to the business of the Company and its Affiliates, and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the Employee shall be the sole and exclusive property of the Company. The
Employee agrees to safeguard all Documents and, at the time the Employee’s employment terminates or at such earlier time or times as the Board or its designee may specify, Employee agrees to surrender all Documents in Employee’s possession
or control to the Company. 
 (c) Non-Competition. The Company agrees to provide Employee with
Confidential Information which, if disclosed, would assist in competition against the Company and that the Employee will also generate goodwill for the Company in the course of the Employee’s employment. Therefore, the Employee agrees that the
following restrictions on the Employee’s activities during and after the Employee’s employment are necessary to protect the goodwill, Confidential Information and other legitimate interests of the Company: 

(i) While the Employee is employed by the Company and for twelve (12) months thereafter, the Employee shall not,
directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise (collectively, a “Competitive Role”), actively compete with the Company or any of its Affiliates or undertake any planning
for any business that is Competitive (as defined in the Company’s in the Company’s Employee Proprietary Invention Agreement (“EPIA”)) with the Company or its Affiliates. 

  
 - 2 -

 (ii) The Employee agrees that during the twelve (12) months immediately
following Employee’s resignation of employment or during six (6) months following an involuntary termination of the Employee’s employment without Cause, the Employee will not, directly or through any other Person, (A) hire any
employee of the Company or any of its Affiliates or seek to persuade any employee of the Company or any of its Affiliates to discontinue employment, (B) solicit or encourage any customer of the Company or any of its Affiliates or independent
contractor providing services to the Company or any of its Affiliates to terminate or diminish its relationship with them or (C) seek to persuade any customer or active prospective customer of the Company or any of its Affiliates to conduct
with anyone else any business or activity that such customer or prospective customer conducts or could reasonably be expected to conduct with the Company or any of its Affiliates at that time. 

(d) In signing this Agreement, the Employee gives the Company assurance that the Employee has carefully read and
considered all the terms and conditions of this Agreement, including the restraints imposed on the Employee under this Section 3. The Employee agrees without reservation that these restraints are necessary for the reasonable and proper
protection of the Company and its Affiliates and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area. The Employee further agrees that, were the Employee to breach any of the
covenants contained in this Section 3, the damage to the Company and its Affiliates would be irreparable. The Employee agrees that the Company, in addition to any other remedies available to it, shall be entitled to apply for injunctive relief
in a court of appropriate jurisdiction. The Employee and the Company further agree that, in the event that any provision of this Section 3 is determined by any court of competent jurisdiction to be unenforceable by reason of its being extended
over too great a time, too large a geographic area or too great a range of activities, the court may modify and enforce the covenant to the extent it believes to be reasonable under the circumstances. It is also agreed that each of the
Company’s Affiliates shall have the right to enforce all of the Employee’s obligations to that subsidiary under this Agreement, including without limitation pursuant to this Section 3. 

4. Termination of Employment. The Employee’s employment under this Agreement shall continue until terminated pursuant to this
Section 4. 
 (a) The Company may terminate the Employee’s employment for Cause following at least
fifteen (15) days advance written notice to the Employee setting forth in reasonable detail the nature of the Cause. For purposes of this Agreement, “Cause” means any of the following: (i) the Employee’s continued
substantial violations of Employee’s employment duties or willful disregard of commercially reasonable and lawful directives from the Managing Executive, after Employee has received a written demand for performance from the Managing Executive
that sets forth the factual basis for the Company’s belief that Employee has not substantially performed Employee’s duties or willfully disregarded directives from the Managing 

  
 - 3 -

 
Executive; (ii) the Employee’s moral turpitude, dishonesty or gross misconduct in the performance of Employee’s duties or which has materially and demonstrably injured the finances
or future business of the Company or any of its Affiliates as a whole; (iii) the Employee’s material breach of this Agreement; or (iv) the Employee’s conviction of, or confession or plea of no contest to, any felony or any other
act of fraud, misappropriation, embezzlement, or the like involving the Company’s property; provided, however, that no such act or event described in clauses (i) and (iii) of this paragraph (a) shall constitute Cause hereunder if
the Employee has fully cured such act or event during the applicable fifteen (15) day notice period. 
 (b)
This Agreement shall automatically terminate in the event of Employee’s death during employment. No severance pay or other separation benefits will be paid in the event of such termination due to death except that Employee’s beneficiaries
shall be entitled to receive any accrued Base Salary, any bonus compensation to the extent earned, any vested deferred compensation or Stock Options, RS, or RSU Grants (other than pension plan or profit-sharing plan benefits which will be paid in
accordance with the applicable plan), any benefits under any plans of the Company in which Employee is a participant to the full extent of Employee’s rights under such plans, and any appropriate business expenses incurred by Employee in
connection with his duties hereunder, all to the date of termination (collectively “Accrued Compensation”). In the event the Employee becomes disabled during employment and, as a result, is unable to continue to perform substantially all
of Employee’s duties and responsibilities under this Agreement for a consecutive period of twelve (12) weeks, the Company will continue to pay the Base Salary to Employee and benefits in accordance with Section 2(d) above during such
period. If the Employee is unable to return to work after twelve (12) consecutive weeks of disability, the Company may terminate the Employee’s employment, upon notice to the Employee. No severance pay or other separation benefits will be
paid in the event of such termination due to disability. If any question shall arise as to whether the Employee is disabled to the extent that the Employee’s duties and responsibilities for the Company, the Employee shall, at the Company’s
request, and at the Company’s expense, submit to a medical examination by a physician selected by the Company to whom the Employee’s guardian, if any, has no reasonable objection to determine whether the Employee is so disabled and such
determination shall for the purposes of this Agreement be conclusive of the issue. If such a question arises and the Employee fails to submit to the requested medical examination, the Company’s determination of the issue shall be binding on the
Employee. 
 (c) Either the Company or Employee may terminate Employee’s employment “at will,” for
any reason, at any time, without cause or notice. However, in the event of termination of the Employee’s employment by the Company other than for Cause, the Employee shall be entitled to receive: (i) a lump sum cash severance amount
equivalent to twelve (12) months of Employee’s then current annual base salary (the “Severance Payments”), less applicable deductions; (ii) any earned but unpaid incentive compensation payments; and
(iii) reimbursement of the health and dental care continuation premiums for Employee and Employee’s dependents incurred by Employee to effect continuation of health and dental insurance coverage for Employee and Employee’s dependents
on the same basis as active employees, for a period of twelve (12) months from the date of such termination, to the extent that Employee is eligible for and elects continuation coverage under COBRA. Any obligation of the Company to provide the
Employee severance payments under this Section 4(c) is conditioned, however, upon the Employee signing and not revoking a release of claims in the form provided by the Company and reasonably acceptable to Employee that becomes effective no
later than seventy-four (74) days following the 

  
 - 4 -

 
Employee’s termination date or such earlier date required by the release agreement (such deadline, the “Release Deadline”). If the release does not become effective by the Release
Deadline, the Employee will forfeit any rights to severance payments under this Section 4(c). In no event will severance payments or benefits be paid or provided until the release actually becomes effective. In the event the termination occurs
at a time during the calendar year where the release could become effective in the calendar year following the calendar year in which the Employee’s termination occurs, then any severance payments or benefits under this Agreement that would be
considered Deferred Compensation (as defined below) will be paid or provided on the first payroll date to occur during the calendar year following the calendar year in which such termination occurs, or, if later, the later of (i) the Release
Deadline, or (ii) the Deferred Compensation Delayed Payment Date (as defined in Section 7 below). 

(d) In the event of termination of the Employee’s employment by the Company for Cause or the Employee’s
voluntary resignation, the Company will pay the Employee any Base Salary earned but not paid through the date of termination, any earned but unpaid bonus, and pay for any vacation time accrued but not used to that date. The Company shall have no
obligation to the Employee for unearned bonus or severance payments. 
 (e) In the event that the Company,
without Employee’s express written consent, shall materially reduce the powers and duties of employment of Employee resulting in a material decrease in the responsibilities of Employee, materially reduce the pay of Employee, fail to provide
directors and officers liability insurance covering Employee during the term of his employment (which failure would be a material breach of this agreement) or require a material change in the geographic location of Employee’s primary work
facility or location, and due to such act or event Employee terminates his employment with the Company within thirty (30) days following the expiration of any Company cure period (discussed below) following the occurrence of one or more of such
acts or events, such termination by Employee shall be deemed to be a “Constructive Termination”; provided, however, that a relocation of less than fifty (50) miles from the Company’s corporate headquarters in Austin, Texas
will not be considered a material change in geographic location and thus a termination by Employee for this reason shall not be construed as a Constructive Termination; and provided further, that Employee may not resign for Constructive
Termination unless Employee first provides the Company with written notice of the acts or events constituting the grounds for “Constructive Termination” within ninety (90) days of the initial existence of the grounds for
“Constructive Termination” and a reasonable cure period of not less than thirty (30) days following the date of such notice, and such grounds for “Constructive Termination” have not been cured during such cure period.

 (f) Except for any right the Employee may have under the federal law known as “COBRA” to continue
participation in the Company’s group health and dental plans, and subject to Section 4(c) (iii) above, benefits shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of the
Employee’s employment, without regard to any continuation of base salary or other payment to the Employee following termination. 
 (g) Provisions of this Agreement shall survive any termination if so provided in this Agreement or if necessary to accomplish the purposes of other surviving provisions, including without limitation the
Employee’s obligations under Section 3 of this Agreement, with the exception of Section 3(c)(i), which obligations do not survive termination. The obligation of the 

  
 - 5 -

 
Company to make payments to the Employee under this Section 4 is expressly conditioned upon the Employee’s continued full performance of the obligations under Section 3 hereof that
survive the termination of Employee’s employment. Upon termination by either the Employee or the Company, all rights, duties and obligations of the Employee and the Company to each other shall cease, except as otherwise expressly provided in
this Agreement. 
 5. Change of Control Benefits. “Change of Control” shall be defined as a transaction or
series of transactions where the shareholders of the Parent immediately preceding such transaction own, following such transaction, less than 50% of the voting securities of the Parent; provided however, that a firmly underwritten public offering of
the Common Stock shall not be deemed a Change of Control. In the event of termination of the Employee’s employment by the Company other than for Cause or in the event of Constructive Termination, upon or during the twelve (12) month period
after the effective date of a Change of Control, the Employee shall be entitled to (i) a lump sum cash severance amount equivalent to twelve (12) months of Employee’s then current annual base salary; (ii) all of Employee’s
remaining unvested Stock Options, RS, or RSU Grants from all of Employee’s then-outstanding grants shall immediately and fully vest as of the date of such termination, and (iii) the Employee shall receive the consideration set forth in
sections 4(c) hereof. 
 6. Limitation on Payments. In the event that the severance and other benefits provided for in
this Agreement or otherwise payable to the Employee (i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and (ii) but for this
Section 6, would be subject to the excise tax imposed by Code Section 4999 (the “Excise Tax”), then the Employee’s severance benefits will be either: (a) delivered in full, or (b) delivered as to such lesser extent
which would result in no portion of such severance benefits being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the Excise Tax, results in the receipt by
the Employee on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits may be taxable under Code Section 4999. If a reduction in the severance and other benefits
constituting “parachute payments” is necessary so that no portion of such severance benefits is subject to the Excise Tax, the reduction shall occur in the following order: (1) reduction of the cash severance payments;
(2) cancellation of accelerated vesting of the Employee’s equity awards; and (3) reduction of continued employee benefits. In the event that acceleration of vesting of the Employee’s equity awards is to be reduced, such
acceleration of vesting shall be cancelled in the reverse order of the date of grant of the Employee’s equity awards. Unless the Company and the Employee otherwise agree in writing, any determination required under this Section 6 will be
made in writing by an independent firm selected by the Company with the consent of Employee, which consent shall not be unreasonably withheld, delayed or conditioned (the “Firm”), immediately prior to the change of control, whose
determination will be conclusive and binding upon the Employee and the Company for all purposes. For purposes of making the calculations required by this Section 6, the Firm may make reasonable assumptions and approximations concerning
applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Code Sections 280G and 4999. The Company and the Employee will furnish to the Firm such information and documents as the Firm may reasonably
request in order to make a determination under this Section 6. The Company will bear all costs the Firm may reasonably incur in connection with any calculations contemplated by this Section 6. 

  
 - 6 -

 7. Section 409A. The foregoing provisions are intended to comply with the
requirements of Code Section 409A and the final regulations and official guidance promulgated thereunder (“Section 409A”), so that none of the payments and benefits to be provided hereunder will be subject to the additional penalty
tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The Company agrees to work together with the Employee in good faith to consider any and all amendments to this Agreement and to take such reasonable
actions which are necessary, appropriate or desirable to avoid imposition of any additional tax, interest penalty or accelerated income recognition prior to actual payment to the Employee under Section 409A. Notwithstanding anything to the
contrary in this Agreement, no severance payments or severance benefits payable to the Employee upon termination of employment, if any, when considered together with any other severance payments or separation benefits that are considered deferred
compensation under Section 409A (“Deferred Compensation”) will be payable until the Employee has a “separation from service” within the meaning of Section 409A. Further, if at the time of the Employee’s termination
of employment, the Employee is a “specified employee” within the meaning of Section 409A, payment of such Deferred Compensation will be delayed to the extent necessary to avoid the imposition of the additional tax imposed under
Section 409A, which generally means that the Employee will receive payment on the first payroll date that occurs on or after the date that is six (6) months and one (1) day following the Employee’s termination of employment, or
the Employee’s death, if earlier (the “Deferred Compensation Delayed Payment Date”). 
 8. Indemnification and
Insurance. The Company and Employee will enter into an Indemnification Agreement for Employee’s Benefit as approved by the Company’s Board of Directors and will maintain Director and Officers liability insurance for Employee during his
Employment and for a reasonable time thereafter as permitted by the Company’s Director and Officer Insurance Policy. 

9. Definitions. For purposes of this Agreement, the following definitions apply: 

“Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common
control with the Company, where control may be by management authority, equity interest or otherwise. 

“Confidential Information” means matters relating to the financial condition, results of operations, business,
properties, assets, liabilities or future prospects of the Company and its Affiliates. Confidential Information does not include information that enters the public domain, other than through the Employee’s breach of the Employee’s
obligations under this Agreement. 
 “Person” means an individual, a corporation, a limited liability
company, an association, a partnership, an estate, a trust or any other entity or organization, other than the Company or any of its Affiliates. 
 10. Conflicting Agreements. The Employee hereby represents and warrants that the Employee’s signing of this Agreement and the performance of the Employee’s obligations under it will not
breach or be in conflict with any other agreement to which the Employee is a party or are bound and that the Employee is not now subject to any covenants against competition or similar covenants or any court order that could affect the performance
of the Employee’s obligations under this Agreement. 

  
 - 7 -

 11. Withholding. All payments made by the Company under this Agreement shall be
reduced by any tax or other amounts required to be withheld by the Company under applicable law. 
 12. Assignment.
Neither the Employee nor the Company may make any assignment of this Agreement or any interest in it, by operation of law or otherwise, without the prior written consent of the other. This Agreement shall inure to the benefit of and be binding upon
the Employee and the Company, and each of our respective successors, executors, administrators, heirs and permitted assigns. 

13. Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a
court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each
portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 
 14.
Miscellaneous. This Agreement and the EPIA, set forth the entire agreement between the Employee and the Company and replaces all prior and contemporaneous communications, agreements and understandings, written or oral, with respect to the terms
and conditions of the Employee’s employment. In the event of a conflict between the EPIA and this Agreement, the terms in this EPIA shall prevail except with respect to section 3(c)(ii) which shall prevail over Section 5 of the EPIA.
This Agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by the Employee and an expressly authorized representative of the Board. The headings and captions in this Agreement are for
convenience only and in no way define or describe the scope or content of any provision of this Agreement. This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one
and the same instrument. 
 15. Governing Law. This Agreement shall be governed and construed in accordance with the laws
of the State of Texas without regard to the conflict of laws principles thereof. 
 16. Notices. Any notices provided for
in this Agreement shall be in writing and shall be effective when delivered in person or deposited in the United States mail, postage prepaid, and addressed to the Company at its principal place of business, attention of the General Counsel or in
the case of the Employee, at the Employee’s last known address on the books of the Company (or to such other address as either party may specify by notice to the other actually received). 

  
 - 8 -

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	SOLARWINDS WORLDWIDE, LLC
		
	By:	 	/s/ Michael J. Berry
		 	      Name: Michael J. Berry
		 	      Title: SVP and Chief Financial Officer

 

	
	
	
	/s/ Kevin B. Thompson
	Kevin B. Thompson

  
 - 9 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]