Document:

Exhibit
4.9

STOCK RESTRICTION
AGREEMENT

This Stock Restriction
Agreement (this “Agreement”)  dated
as of October 30, 2006 (the “Effective Date”)  is entered into by and between CCCI
Holdings, Inc., a Delaware corporation (the “Company”), and Brett Shobe (“Founder,”  which term includes his or her heirs,
personal representatives, successors, and assigns).

WHEREAS, Founder is currently
providing services to the Company and is being issued 7,037 shares (the “Shares”)  of the Common Stock, par value $0.001 per
share (the “Common
Stock”), of
the Company pursuant to the terms of that certain Stock Purchase and Exchange
Agreement dated October 30, 2006 and subject to the terms of this Agreement.

NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereby agree as follows:

Section 1. DEFINITIONS.

For purposes of this
Agreement:

“Act”  means the Securities Act of 1933, as amended.

“Austin Ventures” or “AV”  means
Austin Ventures VIII, L.P.

“Cause”  means “cause”  as defined in Founder’s employment or
service agreement or in the absence of such an agreement or  such a definition, “Cause” shall
mean a determination by the Company’s board of directors that Founder (a) has
engaged in personal dishonesty, willful violation of any law, rule, or
regulation (other than minor traffic violations or similar offenses), or breach
of fiduciary duty involving personal profit, (b) is unable to satisfactorily
perform or has failed to satisfactorily perform Founder’s duties and
responsibilities for the Company or any affiliate, (c) has been convicted of,
or plead nolo contendere to, any
felony or a crime involving moral turpitude, (d) has engaged in negligence or
willful misconduct in the performance of his or her duties, including but not
limited to willfully refusing without proper legal reason to perform Founder’s
duties and responsibilities, (e) has materially breached any corporate policy
or code of conduct established by the Company or any affiliate as such policies
or codes may be adopted from time to time, (f) any violation by Founder of the
terms of the Proprietary Information and Inventions Agreement or any other
agreement between Founder and the Company related to Founder’s employment or
other service with the Company, or (g) has engaged in conduct that is likely to
have a deleterious effect on the Company or any affiliate or their legitimate
business interests, including but not limited to their goodwill and public
image.

“Code”  means the Internal Revenue Code of 1986, as
amended.

“Corporate Transaction”  means either (i) the Company shall not be the
surviving entity in any merger, share exchange, or consolidation (or survives
only as a subsidiary of an entity), (ii) the Company sells, leases, or
exchanges, or agrees to sell, lease, or exchange, all or substantially all of
its assets to any other person or entity, (iii) the Company is to be dissolved
and liquidated, (iv) any person or entity, including a “group”  as contemplated by Section 13(d)(3) of
the Securities Exchange Act of 1934, acquires or gains ownership or control
(including, without limitation, power to vote) of more than 50% of the
outstanding shares of the Company’s voting stock (based upon voting power), or
(v) at such time as the Company becomes a reporting company under the
Securities Exchange Act of 1934, as a result of or in connection with a
contested election of directors, the persons who were directors of the Company

 

before such election shall cease to constitute
a majority of the board of directors; provided that a Corporate
Transaction shall not include (A) any reorganization, merger, consolidation,
sale, lease, exchange, or similar transaction, which involves solely the
Company and one or more entities wholly-owned, directly or indirectly, by the
Company immediately prior to such event or (B) the consummation of any
transaction or series of integrated transactions immediately following which
the record holders of the voting stock of the Company immediately prior to such
transaction or series of transactions continue to hold 50% or more of the
voting stock (based upon voting power) of (1) any entity that owns, directly or
indirectly, the stock of the Company, (2) any entity with which the Company has
merged, or (3) any entity that owns an entity with which the Company has
merged.

“Lien”  means any lien, security interest, pledge,
mortgage, deed of trust, charge, or encumbrance in real, personal, or mixed
property, tangible or intangible, and wherever located.

“Qualified Financing”  means the issuance or sale of any preferred
stock, common stock or other stock or similar securities of the Company or any
security convertible or exchangeable into or for preferred stock, common stock
or other stock or similar securities of the Company for cash in a single
transaction or series of related transactions for which Austin Ventures serves
as the lead investor and in which the outstanding indebtedness of the Company
to Austin Ventures is converted into such equity securities.

“Termination of Founder’s
Service”  means (i)
the termination of Founder’s employment or other service with the Company for
any reason, with or without cause, voluntarily or involuntarily, and (ii)
Founder no longer continues to serve as a consultant, officer, employee or
other capacity approved by the board of directors of the Company.

“Unvested Shares”  means Shares that are not Vested Shares (as
defined below). On the Effective Date, all Shares are Unvested Shares.

“Vested Shares”  means Shares that have vested in accordance
with the provisions of Section 2.3. On the Effective Date, no Shares are
Vested Shares.

Section
2. RESTRICTIONS ON SHARES.

2.1 Transfer
Restrictions.

(a) Founder shall not sell,
assign, transfer, pledge, encumber, or otherwise dispose of (each, a “transfer”)  any Shares or any interest in any Shares,
except as provided in this  Agreement.

(b) Any attempted transfer of
Shares other than in accordance with this Agreement and any Transfer
Restriction Agreements (as defined below) shall be null and void, and the
Company shall refuse to recognize any such transfer and shall not reflect on
its records any change in record ownership of Shares pursuant to any such
transfer.

(c) Founder acknowledges that
the Shares may be subjected to further transfer restrictions, including, but
not limited to, rights of first refusal and co-sale in connection with one or
more transactions in which the Company issues shares of its preferred stock,
par value $0.001 per share, and Founder agrees to execute such agreements (“Transfer
Restriction Agreements”)
evidencing such restrictions as the Company may reasonably request.

 

 

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2.2 Repurchase Option. The Company shall have a right and option
(the “Repurchase
Option”)  to
purchase Unvested Shares from Founder in accordance with the following
provisions:

(a) The Company may exercise
the Repurchase Option at any time during the 45-day period following the
Termination of Founder’s Service. Failure of the Company to exercise its
Repurchase Option within such 45-day period shall be deemed to constitute a
notification to Founder of the Company’s decision not to exercise its
Repurchase Option.

(b) The purchase price for
Unvested Shares purchased upon exercise of the Repurchase Option shall be
$0.001 per share.

(c) The Repurchase Option
shall be exercisable by the Company by written notice delivered to Founder or
his or her personal representative prior to the expiration of the 45-day period
specified in Subsection 2.2(a). Such notice shall indicate the number of
Unvested Shares to be purchased and the date (not later than 10 days after the
date of expiration of the Repurchase Option) on which the purchase is to be
effected. To the extent one or more certificates representing Unvested Shares
may have been previously delivered out of escrow to Founder, Founder, prior to
the close of business on the date specified for the repurchase, shall deliver
to the Company the certificate(s) representing the Unvested Shares to be
purchased, each certificate to be properly endorsed for transfer and free and
clear of any restrictions (other than the restrictions imposed under this
Agreement and any Transfer Restriction Agreements), Liens, or claims, against payment
of the purchase price for the Unvested Shares by check payable to the order of
Founder.

(d) If the Company shall make
available, at the time and place and in the amount and form provided in this
Agreement, the consideration for the Unvested Shares to be repurchased in
accordance with the provisions of this Agreement, then from and after such
time, Founder shall no longer have any rights as a holder of such Unvested
Shares (other than the right to receive payment of such consideration in
accordance with this Agreement), and such Unvested Shares shall be deemed
purchased in accordance with the applicable provisions of this Agreement and
the Company shall be deemed the owner and holder of such shares, whether or not
the certificates for such shares have been delivered as required by this
Agreement.

(e) In the event of any stock
dividend, stock split, recapitalization, or other change affecting the
outstanding Common Stock as a class effected without consideration, then any
new, substituted, or additional securities or other property (including money
paid other than as a regular cash dividend) that is by reason of any such
transaction distributed with respect to the Unvested Shares shall be
immediately subject to the Repurchase Option to the extent the Unvested Shares
are at the time covered by such Repurchase Option. Appropriate adjustments to
reflect the distribution of such securities or property shall be made to the
number of Unvested Shares under this Agreement and to the price per share to be
paid upon the exercise of the Repurchase Option in order to reflect the effect
of any such transaction upon the Company’s capital structure.

2.3 Vesting;
Termination of Repurchase Option.

(a) 100% of all Unvested
Shares (i.e., 7,037 shares) shall vest upon the closing of the Qualified
Financing.

(b) Notwithstanding anything
in this Agreement to the contrary, the Unvested Shares shall cease to vest
immediately upon Termination of Founder’s Service.

 

 

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(c) Upon the vesting of Unvested Shares, the
Repurchase Option shall automatically terminate with respect to such Shares,
and such Shares shall become Vested Shares and shall no longer be subject to
the Repurchase Option, but shall nevertheless remain subject to the other
provisions of this Agreement and to any Transfer Restriction Agreements.

2.4 Company’s
Right of First Refusal.

(a) Except for the Company’s Repurchase Option set
forth in Section 2.2, Founder shall not transfer any Unvested Shares.
Founder agrees that if Founder intends to transfer any or all of the Vested
Shares, Founder will first give the Company notice in writing of such proposed
transfer. Such notice (the “Notice”)  will contain (1) the name and address of
Founder and the proposed transferee, (2) the terms and conditions of such
transfer, including, in the event that any third party offer has been received
by Founder and Founder intends to accept such offer, the purchase price, and if
such price is to be paid in whole or in part in consideration other than cash,
a full and complete description of such non-cash consideration, and (3) an
offer (the “Required
Offer”)  to
sell such Vested Shares to the Company at a price per share equal to the
proposed consideration for the transfer of such Vested Shares. The board of
directors of the Company will determine the fair cash equivalent of any
proposed consideration that is other than cash. At any time during the 30-day
period immediately following the delivery of the Notice to the Company, the
Company will have the exclusive right and option, but not the obligation, to
accept the Required Offer and proceed with the purchase of such Vested Shares
pursuant to such Required Offer. In the event the Company does not exercise its
rights as set forth in this Section, Founder will be free to transfer such
Vested Shares under the terms and conditions stated in the Notice; provided,
however, that if such transfer does not take place within 60 days
following the delivery of the Notice to the Company, the terms of this Section must
once again be followed prior to the transfer of the Vested Shares. Any Vested
Shares that are transferred pursuant to the preceding provisions of this
Section will continue to be subject to the right of first refusal set forth in
this Section subsequent to any such transfer. If at any time a proposed
transfer by Founder applies to less than all of the Vested Shares of Founder,
the right of first refusal granted in this Agreement to the Company will remain
in full force and effect as to the remainder of such Vested Shares, regardless
of whether it is exercised with respect to such initial portion. Founder may
not pledge or otherwise encumber any of the Vested Shares without the written
consent of the Company.

(b) The right of first refusal stated in this
Agreement will survive the termination of this Agreement. The Company also has
the right to assign the right of first refusal stated in this Agreement. The
right of first refusal stated in this Agreement will not apply to transfers of
Vested Shares pursuant to the laws of descent and distribution; provided,
however, that any such Vested Shares will be subject to the right of
first refusal set forth in this Section subsequent to any such transfer. The
right of first refusal stated in this Agreement will not apply to the exchange
of Vested Shares pursuant to a plan of merger, consolidation, recapitalization,
or reorganization of the Company, but any stock, securities or other property
received in exchange therefor will be subject to the right of first refusal set
forth in this Agreement; provided, however, that any such stock
or securities received in any such merger, consolidation, recapitalization, or
reorganization will not be subject to the right of first refusal set forth in
this Section if the stock or securities received in such merger, consolidation,
recapitalization, or reorganization are registered under the Securities
Exchange Act of 1934. A dissolution or liquidation of the Company will not
trigger the right of first refusal set forth in this Agreement; provided,
however, that a dissolution or a liquidation of the Company within one
year following the sale of all or substantially all of the assets of the
Company in exchange for stock or securities will be considered a reorganization
of the Company. The right of first refusal set forth in this Section will
terminate upon the consummation by the Company of a public offering of Common
Stock pursuant to an effective registration statement under the Act.

 

 

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Section
3. ESCROW.

3.1 Deposit.
Certificates representing the Unvested Shares shall be
deposited in escrow with the Company to be held in accordance with the
provisions of this Section. Each deposited certificate shall be accompanied by
a duly executed assignment separate from certificate in the form attached as Exhibit
A. The deposited certificates, together with any other assets or securities
from time to time deposited with the Company pursuant to the requirements of
this Agreement, shall remain in escrow until such time or times as the
certificates (or other assets and securities) are to be released or otherwise
surrendered for cancellation in accordance with Section  3.3. Upon
delivery of the certificates (or other assets and securities) to the Company, the
holder shall be issued a deposit receipt acknowledging the number of Unvested
Shares or other assets and securities delivered in escrow to the Company.

3.2 Recapitalization.
Any cash dividends on the Unvested Shares (or other securities at the time held
in escrow) shall be paid directly to the holder and shall not be held in
escrow. However, in the event of any stock dividend, stock split,
recapitalization, or other change affecting the Company’s outstanding Common
Stock as a class effected without consideration, any new, substituted, or
additional securities or other property that by reason of such transaction is
distributed with respect to the Unvested Shares shall be immediately delivered
to the Company to be held in escrow under Section 3, but only to the
extent the Unvested Shares are at the time subject to the escrow requirements
of Section 3.1.

3.3 Release;
Surrender.

(a) If the Company exercises the Repurchase Option
with respect to any Unvested Shares, then the escrowed certificates for such
Unvested Shares or the certificates representing such Unvested Shares (together
with any other assets or securities issued with respect to such Unvested
Shares) shall be delivered to the Company for cancellation, concurrently with
the payment to Founder of the amount provided for in Section 2.2(a)
above, as applicable, and Founder shall cease to have any further rights or
claims with respect to such Unvested Shares (or other assets or securities).

(b) When the Unvested Shares (or any other assets or
securities issued with respect to such Unvested Shares) vest in accordance with
Section 2.3, the certificates for such Vested Shares shall, at Founder’s
request, no more than once in any six month period be promptly released from
escrow and delivered to Founder.

(c) All shares released from escrow in accordance with
the provisions of Section 3.3(b) nevertheless remain subject to the
other provisions of this Agreement and to any Transfer Restriction Agreements.

Section
4. LEGENDS; STOP TRANSFER.

4.1 Restrictive
Legends. In order to reflect the restrictions on the
transfer of the Shares set forth or referred to in this Agreement, the
certificates representing Shares shall be endorsed with legends to the
following effect:

“THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED WITHOUT COMPLIANCE
WITH THE REGISTRATION OR QUALIFICATION PROVISIONS OF APPLICABLE FEDERAL AND
STATE SECURITIES LAWS OR APPLICABLE EXEMPTIONS THEREFROM.”

 

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“THE SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE
SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED, OR IN ANY MANNER DISPOSED OF, EXCEPT
IN COMPLIANCE WITH THE TERMS OF A STOCK RESTRICTION AGREEMENT BETWEEN THE
COMPANY AND THE INITIAL HOLDER OF THE SHARES. THE STOCK RESTRICTION AGREEMENT
GRANTS CERTAIN PURCHASE OPTIONS TO THE COMPANY AND IMPOSES RESTRICTIONS ON THE
TRANSFER OF THESE SHARES. A COPY OF THE STOCK RESTRICTION AGREEMENT IS ON
DEPOSIT AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED BY THE
COMPANY TO THE REGISTERED HOLDER HEREOF UPON WRITTEN REQUEST.”

4.2 Enforcement;
Stop Transfer. No Shares shall be transferred on the
books of the Company nor shall any attempted sale, transfer, assignment,
pledge, or other disposition of any Shares be effective unless and until the
terms and provisions of this Agreement and any Transfer Restriction Agreements
are first complied with. Any attempted sale, transfer, assignment, pledge, or
other disposition of any Shares that does not comply with the provisions of
this Agreement and Transfer Restriction Agreements shall be invalid and of no
effect.

Section
5. GENERAL PROVISIONS.

5.1 Exemption
from Registration. The Shares have not been registered
under the Act or the securities laws of any state and are being issued to
Founder in reliance upon exemptions from such registration under the Act or the
securities laws of any state. Founder understands and agrees that the Shares may
not be resold or transferred without registration under the Act and applicable
state securities laws unless an exemption from such registration is available.
Accordingly, Founder acknowledges that he or she is prepared to hold the Shares
for an indefinite period and that he or she is aware that Rule 144 of the
Securities and Exchange Commission under the Act is not currently available to
exempt the sale of the Shares from the registration requirements of the Act and
may not be available at the time Founder wishes to sell the Shares. Prior to
acquiring the Shares, Founder obtained sufficient information about the Company
to reach an informed decision to acquire the Shares. Founder has such knowledge
and experience in financial and business matters as to make him or her capable
of utilizing such information to evaluate the risks of the prospective
investment and to make an informed investment decision. Founder is able to bear
the economic risk of his or her investment in the Shares.

5.2 Stockholder
Rights. For so long as Founder holds shares, Founder
shall have all the rights of a stockholder (including voting and dividend
rights) with respect to the Shares, subject in all respects to the provisions
of any Transfer Restriction Agreement.

5.3 Market
Stand-Off. In connection with any underwritten public
offering by the Company of its equity securities pursuant to an effective
registration statement filed under the Act, including the Company’s initial
public offering, Founder shall not sell, make any short sale of, loan, pledge,
grant any option for the purchase of, or otherwise dispose or transfer for
value or otherwise agree to engage in any of the foregoing transactions with
respect to, any shares of Common Stock without the prior written consent of the
Company or its underwriters, for such period of time (not to exceed 180 days)
from and after the effective date of such registration statement as may be
requested by the Company or such underwriters.

5.4 Section
83(b) Election. Founder understands that, under Section
83 of the Code, the difference between the purchase price paid for the Shares
and its fair market value at the time any forfeiture restrictions applicable to
such shares lapse may be reportable as ordinary income at that time. For this
purpose, the term “forfeiture restrictions”  includes the right of the Company to
repurchase the

 

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Shares pursuant to its Repurchase Option. Founder understands that he
or she may elect to be taxed at the time the Shares are acquired under this
Agreement to the extent the fair market value of the Shares differs from the
purchase price, rather than when and as such Shares cease to be subject to such
forfeiture restrictions, by filing an election under Section 83(b) of the Code
with the Internal Revenue Service within 30 days after the Effective Date. If
the fair market value of the Shares at the time of purchase equals the purchase
price paid or if it is likely that the fair market value of the Shares at the
time any forfeiture restrictions lapse shall exceed the fair market value of
the time of purchase, the election may avoid adverse tax consequences in the
future. A form for making this election is attached as Exhibit B.
Founder understands that the failure to make this filing within said 30-day
period shall result in the recognition of ordinary income by Founder (in the
event the fair market value of the Shares increases after the date of purchase)
as the forfeiture restrictions lapse. Founder
acknowledges that it is his or her sole responsibility, and not the Company’s,
to file a timely election under Section 83(b), even if Founder requests the
Company or its representative to make this filing on his or her behalf.

5.5 Company
Counsel. Founder acknowledges that DLA Piper US LLP,
counsel for the Company, represented the Company in the transaction
contemplated by this Agreement, including the formation and initial
capitalization of the Company, and has not represented the Founder or any
individual shareholder or employee of the Company in connection with such
transactions.

5.6
Assignment. The Company may
assign its Repurchase Option to any person, including, without limitation, one
or more stockholders of the Company.

5.7 No
Employment Contract. Nothing in this Agreement shall confer
upon Founder any right to continue in the employment of the Company for any
period of time or interfere with or restrict in any way the rights of the
Company or Founder, which rights are hereby expressly reserved by each, to
terminate the employment of Founder at any time for any reason whatsoever, with
or without cause.

5.8
Notices. All notices,
requests, consents, and other communications under this Agreement shall be in
writing and shall be deemed effectively given when delivered personally or by facsimile
transmission or by overnight delivery service or 72 hours after having been
mailed by first class certified or registered mail, return receipt requested,
postage prepaid:

If to the Company, at 300 West 6th Street, Suite 2300,
Austin, Texas 78701, Attention: President (fax (512) 476-3952), or at such
other address or addresses as may have been furnished in writing by the Company
to Founder, with a copy to DLA Piper US LLP, 1221 South MoPac Expressway, Suite
400, Austin, Texas 78746, Attention: John J. Gilluly III, Esq. (fax (512)
457-7001).

If to Founder, at the address set forth on the
signature page below or at such other address as may have been furnished in
writing by Founder to the Company.

5.9 No
Waiver. The failure of the Company to exercise any
Repurchase Option shall not constitute a waiver of any other Repurchase Option
or similar rights that may subsequently arise under the provisions of this
Agreement. No waiver of any breach or condition of this Agreement shall be
deemed to be a waiver of any other or subsequent breach or condition, whether
of like or different nature.

5.10 Entire
Agreement. This Agreement constitutes the entire contract
between the parties to this Agreement, with regard to the subject matter of
this Agreement.

 

 

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5.11 GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE INTERNAL LAWS, AND NOT THE LAW OF CONFLICTS, OF THE
STATE OF DELAWARE.

5.12 Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed
to be an original, but all of which together shall constitute one and the same
instrument.

5.13 Successors
and Assigns. The provisions of this Agreement shall inure
to the benefit of and be binding upon the Company and its respective successors
and assigns, and Founder and his or her legal representatives, heirs, legatees,
distributees, assigns, and transferees by operation of law, whether or not any
such person shall have become a party to this Agreement.

[Signature Pages Follow]

 

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

 

	
   

  	
  CCCI
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Philip Siegel

  
	
   

  	
   

  	
  Philip Siegel

  
	
   

  	
   

  	
  Secretary

  

 

	
   

  	
  FOUNDER:

  
	
   

  	
   

  
	
   

  	
  /s/ Brett Shobe

  
	
   

  	
  Brett Shobe

  
	
   

  	
   

  
	
   

  	
  Address:

  

Signature Page to Stock
Restriction Agreement

 

EXHIBIT A

Assignment Separate from
Certificate

Brett Shobe assigns and
transfers to CCCI HOLDINGS, INC. (the
“Company”)                  
shares of the Common Stock, par value $0.001 per share, of the Company standing
in his or her name on the books of the Company and represented by certificate
number(s)               
and irrevocably appoints                                             
agent to transfer such shares on
the books of the Company. The agent may substitute another to act for him or
her.

Dated: ___________

 

	
   

  	
  /s/ Brett Shobe

  
	
   

  	
  Brett Shobe

  

Instructions: Please do not fill in any blanks
other than the signature line. Please sign exactly as you would like your name
to appear on the issued stock certificate. The purpose of this assignment is to
enable the Company to exercise the Repurchase Option without requiring
additional signatures on the part of Founder.

 

A-1Exhibit 4.10

STOCK RESTRICTION
AGREEMENT

This Stock Restriction
Agreement (this “Agreement”)  dated
as of October 30, 2006 (the “Effective Date”)  is entered into by and between CCCI
Holdings, Inc., a Delaware corporation (the “Company”),  and Philip Siegel (“Founder,”  which
term includes his or her heirs, personal representatives, successors, and
assigns).

WHEREAS, Founder is currently
providing services to the Company and is being issued 172,407 shares (the “Shares”)  of the Common Stock, par value $0.001 per
share (the “Common
Stock”),  of
the Company pursuant to the terms of that certain Stock Purchase and Exchange
Agreement dated October 30, 2006 and subject to the terms of this Agreement.

NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereby agree as follows:

Section 1. DEFINITIONS. 

For purposes of this
Agreement:

“Act”  means the Securities Act of 1933, as amended.

“Austin Ventures”  or “AV”  means Austin Ventures VIII, L.P.

“Cause”  means “cause”  as defined in Founder’s employment or
service agreement or in the absence of such an agreement or such a definition, “Cause”  shall mean a determination by the Company’s
board of directors that Founder (a) has engaged in personal dishonesty, willful
violation of any law, rule, or regulation (other than minor traffic violations
or similar offenses), or breach of fiduciary duty involving personal profit,
(b) is unable to satisfactorily perform or has failed to satisfactorily perform
Founder’s duties and responsibilities for the Company or any affiliate, (c) has
been convicted of, or plead nolo contendere to,
any felony or a crime involving moral turpitude, (d) has engaged in negligence
or willful misconduct in the performance of his or her duties, including but
not limited to willfully refusing without proper legal reason to perform
Founder’s duties and responsibilities, (e) has materially breached any
corporate policy or code of conduct established by the Company or any affiliate
as such policies or codes may be adopted from time to time, (f) any violation
by Founder of the terms of the Proprietary Information and Inventions Agreement
or any other agreement between Founder and the Company related to Founder’s
employment or other service with the Company, or (g) has engaged in conduct
that is likely to have a deleterious effect on the Company or any affiliate or
their legitimate business interests, including but not limited to their
goodwill and public image.

“Code”  means the Internal Revenue Code of 1986, as
amended.

“Corporate Transaction”  means either (i) the Company shall not be the
surviving entity in any merger, share exchange, or consolidation (or survives
only as a subsidiary of an entity), (ii) the Company sells, leases, or
exchanges, or agrees to sell, lease, or exchange, all or substantially all of
its assets to any other person or entity, (iii) the Company is to be dissolved
and liquidated, (iv) any person or entity, including a “group”  as contemplated by Section 13(d)(3) of
the Securities Exchange Act of 1934, acquires or gains ownership or control
(including, without limitation, power to vote) of more than 50% of the
outstanding shares of the Company’s voting stock (based upon voting power), or
(v) at such time as the Company becomes a reporting company under the
Securities Exchange Act of 1934, as a result of or in connection with a
contested election of directors, the persons who were directors of the Company

 

before such election shall cease to constitute
a majority of the board of directors; provided that a Corporate
Transaction shall not include (A) any reorganization, merger, consolidation,
sale, lease, exchange, or similar transaction, which involves solely the
Company and one or more entities wholly-owned, directly or indirectly, by the
Company immediately prior to such event or (B) the consummation of any
transaction or series of integrated transactions immediately following which
the record holders of the voting stock of the Company immediately prior to such
transaction or series of transactions continue to hold 50% or more of the
voting stock (based upon voting power) of (1) any entity that owns, directly or
indirectly, the stock of the Company, (2) any entity with which the Company has
merged, or (3) any entity that owns an entity with which the Company has
merged.

“Lien”  means any lien, security interest, pledge,
mortgage, deed of trust, charge, or encumbrance in real, personal, or mixed
property, tangible or intangible, and wherever located.

“Qualified Financing”  means the issuance or sale of any preferred
stock, common stock or other stock or similar securities of the Company or any
security convertible or exchangeable into or for preferred stock, common stock
or other stock or similar securities of the Company for cash in a single
transaction or series of related transactions for which Austin Ventures serves
as the lead investor and in which the outstanding indebtedness of the Company
to Austin Ventures is converted into such equity securities.

“Termination of Founder’s
Service”  means (i)
the termination of Founder’s employment or other service with the Company for
any reason, with or without cause, voluntarily or involuntarily, and (ii)
Founder no longer continues to serve as a consultant, officer, employee or
other capacity approved by the board of directors of the Company.

“Unvested Shares”  means Shares that are not Vested Shares (as
defined below). On the Effective Date, all Shares are Unvested Shares.

“Vested Shares”  means Shares that have vested in accordance
with the provisions of Section 2.3. On the Effective Date, no Shares are
Vested Shares.

Section 2. RESTRICTIONS ON SHARES.

2.1 Transfer Restrictions.

(a) Founder shall not sell, assign, transfer, pledge,
encumber, or otherwise dispose of (each, a “transfer”)  any Shares or any interest in any Shares,
except as provided in this Agreement.

(b) Any attempted transfer of Shares other than in
accordance with this Agreement and any Transfer Restriction Agreements (as
defined below) shall be null and void, and the Company shall refuse to
recognize any such transfer and shall not reflect on its records any change in
record ownership of Shares pursuant to any such transfer.

(c) Founder acknowledges that the Shares may be
subjected to further transfer restrictions, including, but not limited to,
rights of first refusal and co-sale in connection with one or more transactions
in which the Company issues shares of its preferred stock, par value $0.001 per
share, and Founder agrees to execute such agreements (“Transfer
Restriction Agreements”)
evidencing such restrictions as the Company may reasonably request.

 

2

2.2 Repurchase Option. The Company shall have a right and option
(the “Repurchase
Option”)  to
purchase Unvested Shares from Founder in accordance with the following
provisions:

(a) The Company may exercise
the Repurchase Option at any time during the 45-day period following the
Termination of Founder’s Service. Failure of the Company to exercise its
Repurchase Option within such 45-day period shall be deemed to constitute a
notification to Founder of the Company’s decision not to exercise its
Repurchase Option.

(b) The purchase price for
Unvested Shares purchased upon exercise of the Repurchase Option shall be
$0.001 per share.

(c) The Repurchase Option
shall be exercisable by the Company by written notice delivered to Founder or
his or her personal representative prior to the expiration of the 45-day period
specified in Subsection 2.2(a). Such notice shall indicate the number of
Unvested Shares to be purchased and the date (not later than 10 days after the
date of expiration of the Repurchase Option) on which the purchase is to be
effected. To the extent one or more certificates representing Unvested Shares
may have been previously delivered out of escrow to Founder, Founder, prior to
the close of business on the date specified for the repurchase, shall deliver
to the Company the certificate(s) representing the Unvested Shares to be
purchased, each certificate to be properly endorsed for transfer and free and
clear of any restrictions (other than the restrictions imposed under this
Agreement and any Transfer Restriction Agreements), Liens, or claims, against
payment of the purchase price for the Unvested Shares by check payable to the
order of Founder.

(d) If the Company shall make
available, at the time and place and in the amount and form provided in this
Agreement, the consideration for the Unvested Shares to be repurchased in
accordance with the provisions of this Agreement, then from and after such
time, Founder shall no longer have any rights as a holder of such Unvested
Shares (other than the right to receive payment of such consideration in accordance
with this Agreement), and such Unvested Shares shall be deemed purchased in
accordance with the applicable provisions of this Agreement and the Company
shall be deemed the owner and holder of such shares, whether or not the
certificates for such shares have been delivered as required by this Agreement.

(e) In the event of any stock
dividend, stock split, recapitalization, or other change affecting the
outstanding Common Stock as a class effected without consideration, then any
new, substituted, or additional securities or other property (including money
paid other than as a regular cash dividend) that is by reason of any such
transaction distributed with respect to the Unvested Shares shall be
immediately subject to the Repurchase Option to the extent the Unvested Shares
are at the time covered by such Repurchase Option. Appropriate adjustments to
reflect the distribution of such securities or property shall be made to the
number of Unvested Shares under this Agreement and to the price per share to be
paid upon the exercise of the Repurchase Option in order to reflect the effect
of any such transaction upon the Company’s capital structure.

2.3 Vesting; Termination of Repurchase Option.

(a) Unvested Shares shall
vest in cumulative increments according to the following schedule; 50% of all
Unvested Shares (i.e., 86,204 shares) shall vest upon the closing of the
Qualified Financing, and the remaining 50% shall vest over the following 60
months at the rate of 1,436.72 shares per month. In addition, all Unvested
Shares shall immediately vest upon the consummation of any Corporate
Transaction that occurs following the Qualified Financing.

 

3

(b) Notwithstanding anything
in this Agreement to the contrary, the Unvested Shares shall cease to vest
immediately upon Termination of Founder’s Service.

(c) Upon the vesting of Unvested Shares, the
Repurchase Option shall automatically terminate with respect to such Shares,
and such Shares shall become Vested Shares and shall no longer be subject to
the Repurchase Option, but shall nevertheless remain subject to the other
provisions of this Agreement and to any Transfer Restriction Agreements.

2.4 Company’s Right of First Refusal.

(a) Except for the Company’s
Repurchase Option set forth in Section 2.2, Founder shall not transfer
any Unvested Shares. Founder agrees that if Founder intends to transfer any or
all of the Vested Shares, Founder will first give the Company notice in writing
of such proposed transfer. Such notice (the “Notice”)  will contain (1) the name and address of
Founder and the proposed transferee, (2) the terms and conditions of such
transfer, including, in the event that any third party offer has been received
by Founder and Founder intends to accept such offer, the purchase price, and if
such price is to be paid in whole or in part in consideration other than cash,
a full and complete description of such non-cash consideration, and (3) an
offer (the “Required
Offer”)  to
sell such Vested Shares to the Company at a price per share equal to the
proposed consideration for the transfer of such Vested Shares. The board of
directors of the Company will determine the fair cash equivalent of any
proposed consideration that is other than cash. At any time during the 30-day period
immediately following the delivery of the Notice to the Company, the Company
will have the exclusive right and option, but not the obligation, to accept the
Required Offer and proceed with the purchase of such Vested Shares pursuant to
such Required Offer. In the event the Company does not exercise its rights as
set forth in this Section, Founder will be free to transfer such Vested Shares
under the terms and conditions stated in the Notice; provided, however,
that if such transfer does not take place within 60 days following the delivery
of the Notice to the Company, the terms of this Section must once again be
followed prior to the transfer of the Vested Shares. Any Vested Shares that are
transferred pursuant to the preceding provisions of this Section will continue
to be subject to the right of first refusal set forth in this Section
subsequent to any such transfer. If at any time a proposed transfer by Founder
applies to less than all of the Vested Shares of Founder, the right of first
refusal granted in this Agreement to the Company will remain in full force and
effect as to the remainder of such Vested Shares, regardless of whether it is
exercised with respect to such initial portion. Founder may not pledge or
otherwise encumber any of the Vested Shares without the written consent of the
Company.

(b) The right of first
refusal stated in this Agreement will survive the termination of this
Agreement. The Company also has the right to assign the right of first refusal
stated in this Agreement. The right of first refusal stated in this Agreement
will not apply to transfers of Vested Shares pursuant to the laws of descent
and distribution; provided, however, that any such Vested Shares
will be subject to the right of first refusal set forth in this Section
subsequent to any such transfer. The right of first refusal stated in this
Agreement will not apply to the exchange of Vested Shares pursuant to a plan of
merger, consolidation, recapitalization, or reorganization of the Company, but
any stock, securities or other property received in exchange therefore will be
subject to the right of first refusal set forth in this Agreement; provided,
however, that any such stock or securities received in any such merger,
consolidation, recapitalization, or reorganization will not be subject to the
right of first refusal set forth in this Section if the stock or securities
received in such merger, consolidation, recapitalization, or reorganization are
registered under the Securities Exchange Act of 1934. A dissolution or
liquidation of the Company will not trigger the right of first refusal set
forth in this Agreement; provided, however, that a dissolution or
a liquidation of the Company within one year following the sale of all or
substantially all of the assets of the Company in exchange for stock or
securities will be considered a reorganization of the Company. The right of
first refusal set forth in this Section will terminate upon the consummation by
the

 

4

Company of a public offering of Common Stock
pursuant to an effective registration statement under the Act.

Section 3. ESCROW.

3.1 Deposit. Certificates representing the Unvested Shares shall be deposited in
escrow with the Company to be held in accordance with the provisions of this
Section. Each deposited certificate shall be accompanied by a duly executed
assignment separate from certificate in the form attached as Exhibit A.
The deposited certificates, together with any other assets or securities from
time to time deposited with the Company pursuant to the requirements of this
Agreement, shall remain in escrow until such time or times as the certificates
(or other assets and securities) are to be released or otherwise surrendered
for cancellation in accordance with Section 3.3. Upon delivery of the
certificates (or other assets and securities) to the Company, the holder shall
be issued a deposit receipt, acknowledging the number of Unvested Shares or
other assets and securities delivered in escrow to the Company.

3.2 Recapitalization. Any cash dividends on the Unvested Shares (or
other securities at the time held in escrow) shall be paid directly to the
holder and shall not be held in escrow. However, in the event of any stock
dividend, stock split, recapitalization, or other change affecting the Company’s
outstanding Common Stock as a class effected without consideration, any new,
substituted, or additional securities or other property that by reason of such
transaction is distributed with respect to the Unvested Shares shall be
immediately delivered to the Company to be held in escrow under Section 3,
but only to the extent the Unvested Shares are at the time subject to the
escrow requirements of Section 3.1.

3.3 Release; Surrender.

(a) If the Company exercises
the Repurchase Option with respect to any Unvested Shares, then the escrowed
certificates for such Unvested Shares or the certificates representing such
Unvested Shares (together with any other assets or securities issued with
respect to such Unvested Shares) shall be delivered to the Company for
cancellation, concurrently with the payment to Founder of the amount provided
for in Section 2.2(a) above, as applicable, and Founder shall cease to
have any further rights or claims with respect to such Unvested Shares (or
other assets or securities).

(b) When the Unvested Shares
(or any other assets or securities issued with respect to such Unvested Shares)
vest in accordance with Section 2.3, the certificates for such Vested
Shares shall, at Founder’s request, no more than once in any six month period
be promptly released from escrow and delivered to Founder.

(c) All shares released from
escrow in accordance with the provisions of Section 3.3(b) nevertheless
remain subject to the other provisions of this Agreement and to any Transfer
Restriction Agreements.

Section 4. LEGENDS; STOP TRANSFER.

4.1 Restrictive Legends. In order to reflect the restrictions on the
transfer of the Shares set forth or referred to in this Agreement, the
certificates representing Shares shall be endorsed with legends to the
following effect:

“THE SHARES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD OR
TRANSFERRED WITHOUT COMPLIANCE WITH THE REGISTRATION OR

 

5

QUALIFICATION PROVISIONS OF
APPLICABLE FEDERAL, AND STATE SECURITIES LAWS OR APPLICABLE EXEMPTIONS
THEREFROM.”

“THE SHARES REPRESENTED BY
THIS CERTIFICATE MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED, OR IN ANY
MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH THE TERMS OF A STOCK RESTRICTION
AGREEMENT BETWEEN THE COMPANY AND THE INITIAL HOLDER OF THE SHARES. THE STOCK
RESTRICTION AGREEMENT GRANTS CERTAIN PURCHASE OPTIONS TO THE COMPANY AND
IMPOSES RESTRICTIONS ON THE TRANSFER OF THESE SHARES. A COPY OF THE STOCK
RESTRICTION AGREEMENT IS ON DEPOSIT AT THE PRINCIPAL OFFICE OF THE COMPANY AND
WILL BE FURNISHED BY THE COMPANY TO THE REGISTERED HOLDER HEREOF UPON WRITTEN
REQUEST.”

4.2 Enforcement; Stop Transfer. No Shares shall be transferred on the books of
the Company nor shall any attempted sale, transfer, assignment, pledge, or
other disposition of any Shares be effective unless and until the terms and
provisions of this Agreement and any Transfer Restriction Agreements are first
complied with. Any attempted sale, transfer, assignment, pledge, or other
disposition of any Shares that does not comply with the provisions of this
Agreement and Transfer Restriction Agreements shall be invalid and of no
effect.

Section 5. GENERAL PROVISIONS.

5.1 Exemption from Registration. The Shares have not been registered under the
Act or the securities laws of any slate and are being issued to Founder in
reliance upon exemptions from such registration under the Act or the securities
laws of any state. Founder understands and agrees that the Shares may not be
resold or transferred without registration under the Act and applicable state
securities laws unless an exemption from such registration is available.
Accordingly, Founder acknowledges that he or she is prepared to hold the Shares
for an indefinite period and that he or she is aware that Rule 144 of the
Securities and Exchange Commission under the Act is not currently available to
exempt the sale of the Shares from the registration requirements of the Act and
may not be available at the time Founder wishes to sell the Shares. Prior to
acquiring the Shares, Founder obtained sufficient information about the Company
to reach an informed decision to acquire the Shares. Founder has such knowledge
and experience in financial and business matters as to make him or her capable
of utilizing such information to evaluate the risks of the prospective
investment and to make an informed investment decision. Founder is able to bear
the economic risk of his or her investment in the Shares.

5.2 Stockholder Rights. For so long as Founder holds shares, Founder
shall have all the rights of a stockholder (including voting and dividend
rights) with respect to the Shares, subject in all respects to the provisions
of any Transfer Restriction Agreement.

5.3 Market Stand-Off. In connection with any underwritten public
offering by the Company of its equity securities pursuant to an effective
registration statement filed under the Act, including the Company’s initial
public offering, Founder shall not sell, make any short sale of, loan, pledge,
grant any option for the purchase of, or otherwise dispose or transfer for
value or otherwise agree to engage in any of the foregoing transactions with
respect to, any shares of Common Stock without the prior written consent of the
Company or its underwriters, for such period of time (not to exceed 180 days)
from and after the effective date of such registration statement as may be
requested by the Company or such underwriters.

 

6

5.4 Section
83(b) Election. Founder understands that, under Section
83 of the Code, the difference between the purchase price paid for the Shares
and its fair market value at the time any forfeiture restrictions applicable to
such shares lapse may be reportable as ordinary income at that time. For this
purpose, the term “forfeiture restrictions”  includes the right of the Company to
repurchase the Shares pursuant to its Repurchase Option. Founder understands
that he or she may elect to be taxed at the time the Shares are acquired under
this Agreement to the extent the fair market value of the Shares differs from
the purchase price, rather than when and as such Shares cease to be subject to
such forfeiture restrictions, by filing an election under Section 83(b) of the
Code with the Internal Revenue Service within 30 days after the Effective Date.
If the fair market value of the Shares at the time of purchase equals the purchase
price paid or if it is likely that the fair market value of the Shares at the
time any forfeiture restrictions lapse shall exceed the fair market value of
the time of purchase, the election may avoid adverse tax consequences in the
future. A form for making this election is attached as Exhibit B.
Founder understands that the failure to make this filing within said 30-day
period shall result in the recognition of ordinary income by Founder (in the
event the fair market value of the Shares increases after the date of purchase)
as the forfeiture restrictions lapse. Founder
acknowledges that it is his or  her
sole responsibility, and not the Company’s, to file a timely election under
Section 83(b), even if Founder requests the Company or its representative to make
this Filing on his or her behalf.

5.5 Company
Counsel. Founder acknowledges that DLA Piper US LLP,
counsel for the Company, represented the Company in the transaction
contemplated by this Agreement, including the formation and initial
capitalization of the Company, and has not represented the Founder or any
individual shareholder or employee of the Company in connection with such
transactions.

5.6 Assignment.
The Company may assign its Repurchase Option to any person,
including, without limitation, one or more stockholders of the Company.

5.7 No
Employment Contract. Nothing in this Agreement shall
confer upon Founder any right to continue in the employment of the Company for
any period of time or interfere with or restrict in any way the rights of the
Company or Founder, which rights are hereby expressly reserved by each, to
terminate the employment of Founder at any time for any reason whatsoever, with
or without cause.

5.8 Notices.
All notices, requests, consents, and other communications
under this Agreement shall be in writing and shall be deemed effectively given
when delivered personally or by facsimile transmission or by overnight delivery
service or 72 hours after having been mailed by first class certified or
registered mail, return receipt requested, postage prepaid:

If to the Company, at 300 West 6th Street, Suite 2300,
Austin, Texas 78701, Attention: President (fax (512) 476-3952), or at such
other address or addresses as may have been furnished in writing by the Company
to Founder, with a copy to DLA Piper US LLP, 1221 South MoPac Expressway, Suite
400, Austin, Texas 78746, Attention: John J. Gilluly III, Esq. (fax (512)
457-7001).

If to Founder, at the address set forth on the
signature page below or at such other address as may have been furnished in
writing by Founder to the Company.

5.9 No
Waiver. The failure of the Company to exercise any
Repurchase Option shall not constitute a waiver of any other Repurchase Option
or similar rights that may subsequently arise under the provisions of this Agreement.
No waiver of any breach or condition of this Agreement shall be deemed to be a
waiver of any other or subsequent breach or condition, whether of like or
different nature.

 

7

5.10 Entire
Agreement. This Agreement constitutes the entire contract
between the parties to this Agreement with regard to the subject matter of this
Agreement.

5.11 GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE INTERNAL LAWS, AND NOT THE LAW OF CONFLICTS, OF THE
STATE OF DELAWARE.

5.12 Counterparts.
This Agreement may be executed in counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute
one and the same instrument.

5.13 Successors
and Assigns. The provisions of this Agreement shall inure
to the benefit of and be binding upon the Company and its respective successors
and assigns, and Founder and his or her legal representatives, heirs, legatees,
distributees, assigns, and transferees by operation of law, whether or not any
such person shall have become a party to this Agreement.

[Signature Pages Follow]

 

8

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

  

	
   

  	
  CCCI HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
  By:  

  	
  /s/ Elisabeth DeMarse 

  
	
   

  	
   

  	
  Elisabeth DeMarse

  
	
   

  	
   

  	
  President

  

 

 

	
   

  	
  FOUNDER:

  
	
   

  	
   

  
	
   

  	
  /s/ Philip Siegel

  
	
   

  	
  Philip Siegel

  
	
   

  	
   

  
	
   

  	
  Address:

  
	
   

  	
   

  
	
   

  	
   

  

Signature Page to Stock Restriction Agreement

 

EXHIBIT A

Assignment
Separate from Certificate

Philip Siegel assigns and transfers to CCCI HOLDINGS, INC. (the “Company”)                                       
shares of the Common Stock, par value $0.001 per share, of the
Company standing in his or her name on the books of the Company and represented
by certificate number(s)                         
and irrevocably appoints                                     
agent to transfer such shares on the books of the Company. The agent may
substitute another to act for him or her

Dated: ________________________

 

	
   

  	
  /s/ Philip
  Siegel

  
	
   

  	
  Philip Siegel

  

Instructions: Please do not fill in any blanks other than the signature
line. Please sign exactly as you would like your name to appear on the issued
stock certificate. The purpose of this assignment is to enable the Company to
exercise the Repurchase Option without requiring additional signatures on the
part of Founder.

 

A-1

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