Document:

Investors' Rights Agreement, dated July 26, 2005

 Exhibit 10.1 
 EXECUTION COPY 
 ICX TECHNOLOGIES, INC. 
  

 INVESTORS’ RIGHTS
AGREEMENT 
  

  

 EXECUTION COPY 
 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page
	Section 1 General	  	2
				
		  	1.1	  	Certain Definitions	  	2
		
	Section 2 Restrictions on Transfer; Registration	  	4
				
		  	2.1	  	Restrictions on Transfer	  	4
		  	2.2	  	Demand Registration	  	6
		  	2.3	  	Piggyback Registrations	  	7
		  	2.4	  	Form S-3 Registration	  	8
		  	2.5	  	Underwriting	  	9
		  	2.6	  	Expenses of Registration	  	10
		  	2.7	  	Obligations of the Company	  	11
		  	2.8	  	Termination of Registration Rights	  	13
		  	2.9	  	Delay of Registration; Furnishing Information	  	13
		  	2.10	  	Indemnification	  	13
		  	2.11	  	Transfer or Assignment of Registration Rights	  	15
		  	2.12	  	“Market Stand-Off” Agreement	  	16
		  	2.13	  	Rule 144 Reporting	  	16
		
	Section 3 Covenants of the Company	  	17
				
		  	3.1	  	Basic Financial Information and Reporting	  	17
		  	3.2	  	Inspection Rights	  	18
		  	3.3	  	Directors’ Expenses	  	19
		  	3.4	  	Board of Directors Meetings; Makeup; Committees	  	19
		  	3.5	  	Directors’ Liability and Indemnification	  	19
		  	3.6	  	Insurance	  	19
		  	3.7	  	Reservation of Common Stock	  	20
		  	3.8	  	Confidential Information and Invention Assignment Agreement	  	20
		  	3.9	  	Assignment of Right of First Refusal	  	20
		  	3.10	  	Market Stand-Off Agreement	  	20
		  	3.11	  	Compliance with Laws	  	20
		  	3.12	  	Termination of Covenants; Assignment of Covenants	  	20
		
	Section 4 Preemptive Rights	  	21
				
		  	4.1	  	Subsequent Offerings	  	21
		  	4.2	  	Exercise of Rights	  	21
		  	4.3	  	Issuance of New Securities to Other Persons	  	22
		  	4.4	  	Limitation, Termination and Waiver of Preemptive Rights	  	22
		  	4.5	  	Transfer of Preemptive Rights; Affiliates of Preferred Holders	  	22
		  	4.6	  	Excluded Securities	  	22
		
	Section 5 Miscellaneous	  	23
				
		  	5.1	  	Amendment and Waiver	  	23

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
 Page 
  

							
		  	5.2	  	Additional Holders	  	24
		  	5.3	  	Governing Law	  	24
		  	5.4	  	Jurisdiction; Venue	  	24
		  	5.5	  	Waiver of Jury Trial	  	24
		  	5.6	  	Equitable Remedies	  	24
		  	5.7	  	Successors and Assigns	  	24
		  	5.8	  	Entire Agreement	  	25
		  	5.9	  	Severability	  	25
		  	5.10	  	Delays or Omissions	  	25
		  	5.11	  	Notices	  	25
		  	5.12	  	Attorneys’ Fees	  	26
		  	5.13	  	Titles and Subtitles	  	26
		  	5.14	  	Limitation on Subsequent Rights	  	26
		  	5.15	  	Non-Business Days	  	26
		  	5.16	  	Counterparts	  	26
		  	5.17	  	Telecopy Execution and Delivery	  	26
		  	5.18	  	Aggregation of Stock	  	27
		  	5.19	  	Termination	  	27

  

 -ii- 

 ICX TECHNOLOGIES, INC. 
 INVESTORS’ RIGHTS AGREEMENT 
 THIS INVESTORS’ RIGHTS AGREEMENT (this
“Agreement”) is made as of July 26, 2005, by and among ICx Technologies, Inc., a Delaware corporation (the “Company”), the undersigned holders of the Company’s Series A Preferred Stock listed on Exhibit
A (each an “Preferred Holder,” and collectively the “Preferred Holders”) and the undersigned holders of at least 100,000 shares of the Company’s Common Stock listed on Exhibit B hereto (each a
“Common Holder”, and collectively, the “Common Holders”), and replaces in its entirety that certain Preferred Holders’ Rights Agreement dated as of April 22, 2005. 
 RECITALS 
 WHEREAS, certain of
the Preferred Holders purchased shares of the Company’s Series A Preferred Stock, par value $0.001 per share (the “Series A Preferred”), pursuant to that certain Series A Preferred Stock Purchase Agreement dated as of April 22,
2005 (the “Purchase Agreement”); 
 WHEREAS, the Company proposes to enter into acquisitions with each of Amphitech Holdings
Corp., a Delaware corporation, Digital Infrared Imaging, a Delaware corporation, New Heights Manufacturing, Inc., a Georgia corporation, Nomadics, Inc., an Oklahoma corporation, Nuvonyx, Inc., a Delaware corporation and Sensor Technology Systems
Inc., an Arizona corporation (each, an “Acquisition”), pursuant to which it will issue shares of its common stock, par value $0.001 per share (“Common Stock”) and Series A Preferred. 
 WHEREAS, the obligations in the definitive acquisition documents for each Acquisition are conditioned upon the execution and delivery of this Agreement
by the Company and each of the Common Holders; and 
 WHEREAS, in connection with the Company’s sale and the Preferred Holders’
purchase of the shares of Series A Preferred and the issuance of Series A Preferred Stock and Common Stock pursuant to each Acquisition, the Company, the Preferred Holders and the Common Holders have agreed to the registration rights,
information rights and other rights as set forth below. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises, representations and covenants hereinafter set forth, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

 Section 1 
 General 
 1.1 Certain Definitions. As used in this Agreement the following terms
shall have the following respective meanings: 
 (a) “Affiliate” means as such term is defined in Rule 144. 
 (b) “Board” means the Board of Directors of the Company. 
 (c) “Common Stock” means the Common Stock of the Company, par value $0.001 per share. 
 (d)
“DPC Stockholders” means and includes Digital Power Capital, LLC and/or any of its Affiliates and/or its or their respective successors or assigns. 
 (e) “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any similar successor federal statute and the rules and regulations thereunder, all as the same shall be in effect from
time to time. 
 (f) “Form S-3” means such form under the Securities Act as in effect on the date hereof or any
successor or similar registration form under the Securities Act subsequently adopted by the SEC that permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 
 (g) “Holder” means any person owning of record Registrable Securities that have not been sold to the public or any transferee or
assignee of record of such Registrable Securities to which the registration rights conferred by this Agreement have been transferred or assigned in accordance with Section 2.11 hereof. A Common Holder shall be considered a
“Holder” under this Agreement only for the purposes of Section 2.3 (Piggyback Registrations) and Section 4 (Preemptive Rights) and any other provision of this Agreement where the inclusion of “Common
Holder” in the definition of “Holder” would be necessary to effect the rights granted to Common Holders under Sections 2.3 and 4. A Large Holder shall be considered a “Holder” under this Agreement, in
addition to the Sections referred to in the previous sentence, only for the purposes of Section 2.2 (Demand Registrations) and any other provision of this Agreement where the inclusion of “Large Holder” in the definition of
“Holder” would be necessary to effect the rights granted to Large Holders under Section 2.2. 
 (h) “Initial
Public Offering” means the Company’s first firm commitment underwritten public offering of the Common Stock registered under the Securities Act. 
 (i) “Large Holder” means any Common Holder who holds 1,000,000 or more shares of Common Stock. 
 (j) “New Securities” shall have the meaning ascribed to such term in Section 4.1 hereof, subject to the limitations of Section 4.6 hereof. 
  

 -2- 

 (k) “Register,” “registered” and “registration” refer
to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of effectiveness by the SEC of such registration statement or document. 
 (l) “Registrable Securities” means (i) shares of Common Stock (a) issued to the Preferred Holders, or (b) issuable upon
conversion of the Shares, (ii) when used in Section 2.2 (Demand Registration), shares of Common Stock issued to Large Holders, (iii) when used in Section 2.3 (Piggyback Registrations) and Section 4 (Preemptive Rights),
shares of Common Stock issued to Common Holders, and (iv) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution for,
or in exchange for or in replacement of the securities referenced in clauses (i), (ii) and (iii) above. Notwithstanding the foregoing, Registrable Securities shall not include any securities of the Company (x) sold by any person to
the public either pursuant to a registration statement under the Securities Act or (y) for which the registration rights of the Holder thereof have expired pursuant to Section 2.8 (Termination of Registration Rights) hereof. 
 (m) “Registrable Securities then outstanding” equals the number of shares of Common Stock that are Registrable Securities and either
(a) are then issued and outstanding or (b) are issuable pursuant to then exercisable or convertible securities. 
 (n)
“Registration Expenses” shall mean all expenses incurred by the Company in complying with Sections 2.2, 2.3 and 2.4, including, without limitation, all registration and filing fees, exchange listing fee, printing expenses, fees
and disbursements of counsel for the Company, Blue Sky fees and expenses and the expense of any special audits incidental to or required by any such registration (but excluding the compensation of regular employees of the Company, which shall be
paid in any event by the Company, all underwriting discounts and all underwriting commissions). 
 (o) “Restated
Certificate” means the Company’s Certificate of Incorporation, as amended and restated to date. 
 (p) “ROFR
Agreement” means the Right of First Refusal, Co-Sale and Voting Agreement by and among the Company and the Stockholders (as defined therein) dated on or about the date of this Agreement. 
 (q) “Rule 144” means Rule 144 as promulgated by the SEC under the Securities Act, as such rule may be amended from time
to time, or any similar successor rule that may be promulgated by the SEC. 
 (r) “Rule 145” means Rule 145
as promulgated by the SEC under the Securities Act, as such rule may be amended from time to time, or any similar successor rule that may be promulgated by the SEC. 
 (s) “SEC” or “Commission” means the Securities and Exchange Commission or any other federal agency at the time
administering the Securities Act. 
  

 -3- 

 (t) “Securities Act” means the Securities Act of 1933, as amended, or any similar
successor federal statute and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
 (u)
“Selling Expenses” means all underwriting discounts, selling commissions and stock transfer rates applicable to the sale of Registrable Securities and, except as set forth in the definition of “Registration Expenses”, all
fees and reimbursement of counsel for the Holders. 
 (v) “Series A Directors” shall have the meaning set forth in the
Restated Certificate. 
 (w) “Series A Preferred” means the Series A Preferred Stock of the Company, par value
$0.001 per share. 
 (x) “Shares” means all shares of Series A Preferred issued to the Preferred Holders pursuant to
the Acquisitions or pursuant to the Series A Stock Purchase Agreement dated on or about April 22, 2005 and held from time to time by the Preferred Holders or their permitted assigns. 
 (y) “Special Registration Statement” means (i) a registration statement relating to any employee benefit plan of the Company,
(ii) a registration statement of the Company relating to any corporate reorganization or other transaction under Rule 145, including any registration statements related to the issuance or resale of securities issued in such a transaction,
or (iii) a registration statement related to the offer and sale of debt securities. 
 Section 2 
 Restrictions on Transfer; Registration 
 2.1 Restrictions on Transfer 
 (a) Each Holder agrees not to make any disposition of all or any portion of the Shares
or Registrable Securities unless and until: 
 (i) there is then in effect a registration statement under the Securities Act covering such
proposed disposition and such disposition is made in accordance with such registration statement; or 
 (ii) (A) the transferee has
agreed in writing to be bound by the terms of this Agreement (for purposes of clarification, this condition (A) shall apply only to transferees who acquired Shares or Registrable Securities before the Initial Public Offering and only for such
shares), (B) such Holder shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and (C) if reasonably requested
by the Company, such Holder shall have furnished the Company with an opinion of counsel, such opinion to be reasonably satisfactory to the Company (it being understood that an opinion of Wilson Sonsini Goodrich & Rosati, P.C.
(“WSGR”) shall be deemed satisfactory for the DPC Stockholders and any permitted transferee 

  

 -4- 

 
thereof), that such disposition will not require registration of such shares under the Securities Act. It is agreed that the Company will not require
opinions of counsel for transactions made pursuant to and in accordance with Rule 144, except in unusual circumstances. 
 (b)
Notwithstanding the provisions of Section 2.1(a), no such restriction shall apply to a transfer (A) by a Holder that is a partnership transferring to its partners or former partners in accordance with partnership interests, (B) by a
Holder that is a corporation transferring to a wholly owned subsidiary or a parent corporation that owns all of the capital stock of the Holder, (C) by a Holder that is a limited liability company transferring to its members or former members
in accordance with their interest in the limited liability company, (D) by a Holder that is an individual Holder transferring to the Holder’s family members or trusts for the benefit of an individual Holder, (E) subject to applicable
securities laws by a Holder that is an Affiliate of such Holder, (F) to one or more Affiliated partnerships, limited liability companies or funds managed by a Holder or any of their respective directors, officers, partners or members, or
(G) that is a transfer not involving any change in beneficial ownership; provided that in each such case the transferee will agree in writing to be subject to the terms of this Agreement to the same extent as if such transferee were an
original Holder hereunder. 
 (c) Each certificate representing Shares or Registrable Securities shall be stamped or otherwise imprinted with
legends substantially similar to the following (in addition to any legend required under applicable state securities laws): 
 THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR UNLESS THE
ISSUER HAS RECEIVED AN OPINION OF LEGAL COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED. 
 THE SALE, PLEDGE,
HYPOTHECATION OR OTHER TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN INVESTOR RIGHTS AGREEMENT BY AND BETWEEN THE STOCKHOLDER AND THE ISSUER OF SUCH SECURITIES, INCLUDING A LOCK-UP
PERIOD OF UP TO 180 DAYS FOLLOWING THE EFFECTIVE DATE OF A REGISTRATION STATEMENT OF THE ISSUER FILED UNDER THE ACT. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE ISSUER. SUCH TRANSFER RESTRICTIONS ARE BINDING
ON TRANSFEREES OF SUCH SECURITIES. 
  

 -5- 

 (d) The Company shall be obligated to reissue promptly unlegended certificates at the request of any
Holder thereof if (i) the Company has completed the Initial Public Offering, (ii) the Holder shall have obtained an opinion of counsel (which counsel may be counsel to the Company) such opinion to be reasonably acceptable to the Company
(it being understood that an opinion of WSGR for the DPC Stockholders shall be deemed acceptable) to the effect that the securities proposed to be disposed of may lawfully be so disposed of without registration, qualification and legend and
(iii) the Holder shall have delivered such securities to the Company or its transfer agent. 
 (e) Any legend endorsed on an instrument
pursuant to applicable state securities laws and the stop-transfer instructions for such securities shall be removed upon receipt by the Company of an order of the appropriate Blue Sky authority authorizing such removal. 
 2.2 Demand Registration 
 (a)
Subject to the conditions of this Section 2.2, if the Company shall receive a written request from the Holders holding not less than a majority of the Registrable Securities then outstanding that the Company file a registration statement for
all or part of the Registrable Securities under the Securities Act with an anticipated aggregate offering price of at least $10,000,000 (the “Demand Holders”) then the Company shall, within ten (10) calendar days of the receipt
thereof, give written notice of such request to all Holders, and, subject to the limitations of this Section 2.2, use its commercially reasonable efforts to effect, as expeditiously as reasonably possible, the registration under the Securities
Act of all Registrable Securities that all Holders request to be registered pursuant to and in accordance with this Agreement. 
 (b) The
Company shall not be required to effect or take any action to effect a registration pursuant to this Section 2.2: 
 (i) before the
earlier of (A) April 22, 2009 or (B) the end of the Lock-Up Period (as defined in Section 2.12(a)) applicable to the Preferred Holders; 
 (ii) after the Company has effected two (2) registrations pursuant to this Section 2.2, and such registrations have been declared or ordered effective (which, for the avoidance of doubt, shall mean that the
registrations shall have been continuously effective for one hundred eighty (180) calendar days, or until all Registrable Securities covered thereby have been sold, if earlier); 
 (iii) if the Demand Holders propose to dispose of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made
pursuant to Section 2.4 below; 
 (iv) during the period starting with the date ninety (90) days before the Company’s good
faith estimate of the date of filing of (provided that the Company shall, within thirty (30) days of its receipt of the request from the Demand Holders, provide written notice to all Holders specified in Section 2.2(a) of its good
faith intent to file a registration statement within such ninety (90)-day period), and ending on the date ninety (90) days following the effective date of the registration statement pertaining to a public offering of its securities by the

  

 -6- 

 
Company (or sixty (60) days if the public offering is not the Initial Public Offering), other than, in all cases, pursuant to a Special Registration
Statement; provided that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to become effective, and provided, in the case of a public offering other than the Initial Public Offering,
that the Initiating Holders were permitted to register such shares as requested to be registered pursuant to Section 2.3 hereof without reduction by the underwriter thereof; 
 (v) if the Company shall furnish to the Demand Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the
Board of Directors of the Company, it would be seriously detrimental to the Company and its stockholders for such registration statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period
of not more than sixty (60) days after receipt of the request of the Demand Holders; provided that such right to delay a request shall be exercised by the Company not more than once in any twelve (12) month period; or 
 (vi) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of
process in effecting such registration, qualification or compliance. 
 (c) A Holder’s rights to require registrations under this
Section 2.2 shall expire if and for so long as the holder is legally able to sell all of its Registrable Securities in any 90-day period pursuant to Rule 144 or any successor exemption under the Securities Act. 
 2.3 Piggyback Registrations.
 (a) The Company shall notify all Holders in writing at least thirty (30) calendar days before the filing of any registration statement under the Securities Act for purposes of a public offering of securities of the Company other than
in connection with the Company’s Initial Public Offering (including, but not limited to, registration statements relating to follow-on offerings of securities of the Company, but excluding Special Registration Statements) whether initiated by
the Company or any other stockholder, and will afford each such Holder a reasonable opportunity to include in such registration statement all or part of such Registrable Securities held by such Holder. Each Holder desiring to include in any such
registration statement all or any part of the Registrable Securities held by such Holder shall, within fifteen (15) calendar days after receipt of the above-described notice from the Company, so notify the Company in writing. Such notice shall
state the intended method of disposition of the Registrable Securities by such Holder. If a Holder decides not to include all of such Holder’s Registrable Securities in any registration statement thereafter filed by the Company, such Holder
shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company for offerings of its securities, in each case subject to the terms
and conditions set forth herein. 
 (b) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any
registration initiated by it under this Section 2.3 before the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. The Registration Expenses of such withdrawn registration shall
be borne by the Company in accordance with Section 2.6 below. 
  

 -7- 

 2.4 Form S-3 Registration. After its Initial Public Offering, in case the Company
shall receive from any Holder or Holders of Registrable Securities a written request or requests that the Company effect a registration on Form S-3 and any related qualification or compliance for all or a part of the Registrable Securities
owned by such Holder or Holders (the “S-3 Holders”), the Company will: 
 (a) within fifteen (15) calendar days after
receipt of such notice, give written notice of the proposed registration, and any related qualification or compliance, to all other Holders of Registrable Securities; and 
 (b) as soon as reasonably practicable, effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of
such Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within
fifteen (15) calendar days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this
Section 2.4, (i) if Form S-3 is not available to the Company for such offering; (ii) if the aggregate proceeds from the sale of Registrable Securities proposed to be sold pursuant to a Form S-3 will not exceed $1,000,000;
(iii) if within thirty (30) days of receipt of a written request from any Holder or Holders pursuant to this Section 2.4, the Company gives notice to such Holder or Holders of the Company’s intention to make a public offering
within sixty (60) days, other than pursuant to a Special Registration Statement, provided that such Holders are permitted to register such shares as requested to be registered pursuant to Section 2.3 hereof without reduction by the
underwriter thereof; (iv) if the Company shall furnish to the Holders a certificate signed by the Chairman of the Board of Directors of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be
seriously detrimental to the Company and its stockholders for such Form S-3 registration to be effected at such time, in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period
of not more than sixty (60) days after receipt of the request of the S-3 Holders under this Section 2.4; provided, that such right to delay a request shall be exercised by the Company not more than once in any twelve (12) month
period, or (v) if the Company has, within the twelve (12) month period preceding the date of such request, already effected one (1) registration on Form S-3 for the Holders pursuant to this Section 2.4, or (vi) in any
particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 
 Subject to the foregoing, the Company shall file a Form S-3 registration statement covering the Registrable Securities and other securities so
requested to be registered as soon as reasonably practicable after receipt of the requests of the Holders. Registrations effected pursuant to this Section 2.4 shall not be counted as demands for registration or registrations effected pursuant
to Section 2.2 or 2.3, respectively. A Holder’s rights to require registrations under this Section 2.4 shall expire if and for so long as the holder is able to sell all of its Registrable Securities in any 90-day period pursuant to
Rule 144 or any successor exemption under the Securities Act. 
  

 -8- 

 2.5 Underwriting. 
 (a) If any of the Demand Holders or S-3 Holders (the “Initiating Holders”) intend to distribute the Registrable Securities covered by
their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Section 2.2 or Section 2.4 hereof and the Company shall include such information in the written notice referred to in
Section 2.2(a) or Section 2.4(a), as applicable. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the
inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form
with the underwriter or underwriters selected for such underwriting by the Initiating Holders (which underwriter or underwriters shall be reasonably acceptable to the Company). Notwithstanding any other provision of Section 2.2 or of
Section 2.4, if the managing underwriter determines in good faith that marketing factors require a limitation of the number of securities to be underwritten (including Registrable Securities) and the managing underwriter so advises the Company
in writing, then the Company shall so advise all Holders of Registrable Securities that would otherwise be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated as follows: first, to the
Holders who are Preferred Holders on a pro rata basis based on the total number of then outstanding Registrable Securities held by such Holders; second, to the Holders who are Common Holders on a pro rata basis based on the total
number of then outstanding Registrable Securities held by such Holders; third, to the Company; and fourth, to any stockholder of the Company (other than a Holder) on a pro rata basis based on the total number of then outstanding shares of
capital stock of the Company held by such stockholder. Notwithstanding the foregoing, no shares of any party other than a Holder shall be included in such a registration without the written consent of the Holders holding not less than a majority of
the Registrable Securities then outstanding if such inclusion would reduce the number of shares that may be included by Holders. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written
notice to the managing underwriter, delivered at least ten (10) business days before the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from
the registration. For any Holder that is a partnership, corporation or limited liability company, the partners, retired partners, members, retired members and stockholders of such Holder, or the estates and family members of any such partners,
retired partners, members, retired members and stockholders and any trusts for the benefit of any of the foregoing person shall be deemed to be collectively a single “Holder,” and any pro rata reduction for such “Holder”
shall be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such “Holder,” as defined in this sentence. 
 (b) If the registration statement under which the Company gives notice under Section 2.3 is for an underwritten offering, the Company shall so
advise the Holders. In such event, the right of any such Holder to be included in a registration pursuant to Section 2.3 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s
Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or
underwriters reasonably selected for such underwriting by the Company (which underwriter or underwriters shall be reasonably acceptable to the Holders holding not less than a majority of the Registrable 

  

 -9- 

 
Securities participating in such underwritten offering). Notwithstanding any other provision contained in this Agreement, if the managing underwriter
determines in good faith that marketing factors require a limitation of the number of shares to be underwritten (including Registrable Securities), the number of shares that may be included in the underwriting shall be allocated as follows: first,
to the Company; second, to the Holders (other than the Common Holders) on a pro rata basis based on the total number of Registrable Securities held by the Holders; third, to the Common Holders, pro rata based on the total number of
Registrable Securities held by the Common Holders; and fourth, to any stockholder of the Company (other than a Holder or the Common Holders) on a pro rata basis. No shares of any selling stockholder other than a Holder will be included in
such registration without the written consent of the Holders (other than the Common Holders) holding not less than a majority of the Registrable Securities then outstanding if such inclusion would reduce the number of shares that may be included by
Holders (other than the Common Holders). If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the managing underwriter, delivered at least ten
(10) business days before the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. For any Holder that is a partnership,
corporation or limited liability company, the partners, retired partners, members, retired members and stockholders of such Holder, or the estates and family members of any such partners, retired partners, members, retired members and stockholders
and any trusts for the benefit of any of the foregoing person shall be deemed to be collectively a single “Holder,” and any pro rata reduction for such Holder shall be based upon the aggregate amount of shares carrying registration
rights owned by all entities and individuals included in such “Holder,” as defined in this sentence. 
 2.6 Expenses of
Registration. Except as specifically provided herein, all Registration Expenses incurred for any registration effected pursuant to Section 2.2, Section 2.3 or Section 2.4 herein shall be borne by the Company. All Selling
Expenses incurred for any registrations under Section 2.2 or Section 2.4 shall be borne by the Holders of the securities so registered pro rata on the basis of the number of shares so registered. The Initiating Holders shall be
required to pay for expenses of any registration proceedings begun pursuant to Section 2.2 or 2.4, the request of which has been subsequently withdrawn by the Initiating Holders; provided that the Company shall pay for all Registration Expenses
of such withdrawn registration proceedings if (a) the withdrawal is based upon material adverse information concerning the Company of which the Initiating Holders were not aware at the time of such request or (b) the Holders of a majority
of Registrable Securities agree to forfeit their right to one requested registration pursuant to the applicable section hereof pursuant to which it is requested, in which event such right shall be forfeited by all Holders. If the Holders are
required to pay the Registration Expenses, such expenses shall be borne by the holders of securities (including Registrable Securities) requesting such registration in proportion to the number of shares for which registration was requested. If the
Company is required to pay the Registration Expenses of a withdrawn offering pursuant to clause (a), then the Holders shall not forfeit their rights pursuant to Section 2.2 or Section 2.4 to a registration. 
  

 -10- 

 2.7 Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) Prepare and file with the SEC a registration
statement for such Registrable Securities (provided that before filing a registration statement or prospectus or any amendments or supplements thereto, the Company shall furnish legal counsel for the Holders with copies of all such documents
to be filed) and use all commercially reasonable efforts to cause such registration statement to become effective, and keep such registration statement effective for one hundred eighty (180) calendar days or until the Holder or Holders have
completed the distribution related thereto; 
 (b) Prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used with such registration statement as may be necessary to comply with the provisions of the Securities Act for the disposition of all securities covered by such registration statement for the period set forth in
Section 2.7(a); 
 (c) Furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity
with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them; 
 (d) Use its reasonable best efforts to register and qualify the securities covered by such registration statement under Blue Sky laws of such
jurisdictions as shall be reasonably requested by the Holders (and to maintain such registrations and qualifications effective for the applicable period of time set forth in Section 2.7(a), and to do any and all other acts and things that may
be necessary or advisable to enable such Holders to consummate the disposition in such jurisdictions of such shares (provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it
would not be required but for this Section 2.7(d), (ii) subject itself to taxation in any such jurisdiction or (iii) file any general consent to service of process in any such jurisdiction)); 
 (e) If any underwritten public offering occurs, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with
the managing underwriter(s) of such offering, and enter into such other customary agreements and take all such actions (including, without limitation, effecting a stock split or combination of shares) as such underwriter reasonably requests in order
to expedite or facilitate the disposition of such shares; 
 (f) Cause all such Registrable Securities registered pursuant hereunder to be
listed on each securities exchange on which similar securities issued by the Company are then listed (or, if not then listed, on such exchange(s) as requested by a majority of the participating Holders or, in the case of registrations pursuant to
Section 2.2, the Holders initiating such registration request); 
 (g) Notify each Holder of Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect,
includes an untrue statement of a material fact or omits 

  

 -11- 

 
to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then
existing. The Company will use commercially reasonable efforts to amend or supplement such prospectus in order to cause such prospectus to not include any untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; 
 (h) Use commercially
reasonable efforts to furnish, on or about the date that such Registrable Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters, copies of (i) the opinion, if any, of the lead legal
counsel representing the Company for the purposes of such registration issued pursuant to the underwriting agreement relating to the offering and addressed to the underwriters and (ii) the letter (including any “bring-downs” related
thereto) from the independent certified public accountants of the Company issued pursuant to the underwriting agreement relating to the offering and addressed to the underwriters; 
 (i) Provide for a transfer agent and registrar and CUSIP number for all such shares not later than the effective date of such registration statement;

 (j) Make available for inspection by any Holder, by any underwriter participating in any distribution pursuant to such registration
statement and by any attorney, accountant or other agent retained by any Holder or by any such underwriter all financing and other records, pertinent corporate documents and properties (other than confidential intellectual property and trade secrets
of the Company) of the Company and cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such Holder, underwriter, attorney, accountant or agent in connection with
such registration statement; 
 (k) Otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of
the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12) months beginning with the first day of the Company’s first full calendar
quarter after the effective date of the registration statement, which earnings statement shall satisfy in all respects the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder; 
 (l) Permit any Holder of Registrable Securities, which Holder, in its sole reasonable judgment, might be deemed to be an underwriter or a controlling
person of the Company, to participate in the preparation of such registration statement and to require the insertion therein of material, furnished to the Company in writing, which in the reasonable judgment of such Holder and its counsel should be
included; 
 (m) In the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order
suspending or preventing the use of any related prospectus or suspending the qualification of any Registrable Securities included in such registration statement for sale in any jurisdiction, the Company shall use its commercially reasonable efforts
promptly to obtain the withdrawal of such order; and 
  

 -12- 

 (n) Use its commercially reasonable efforts to, within the time periods required by applicable law, file
all documents and reports required to be filed with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, and to take any and all other actions to ensure the availability of the use of Form S-3 to the Company
and the Holders. 
 2.8 Termination of Registration Rights. A Holder’s registration rights shall expire on (a) the
date that is ten (10) years after the Company has completed its Initial Public Offering and is subject to the provisions of the Exchange Act or (b) the date after the Company has completed its Initial Public Offering and is subject to the
provisions of the Exchange Act and all Registrable Securities held by and issuable to such Holder may be sold pursuant to Rule 144 under the Securities Act. 
 2.9 Delay of Registration; Furnishing Information. 
 (a) No Holder shall have any right
to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise for the interpretation or implementation of this Section 2. 
 (b) It shall be a condition precedent to the obligations of the Company to take any action pursuant to Section 2.2, 2.3 or 2.4 that the selling
Holders shall furnish to the Company such information regarding themselves, the Registrable Securities held by them and the intended method of disposition of such securities as shall be required to effect the registration of their Registrable
Securities. 
 (c) The Company shall have no obligation for any registration requested pursuant to Section 2.2 or Section 2.4 if,
due to the operation of Section 2.2(b), the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated aggregate
offering price required to originally trigger the Company’s obligation to initiate such registration as specified in Section 2.2 or Section 2.4, whichever is applicable. 
 2.10 Indemnification. 
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, each of its officers, directors and partners, legal counsel, and accountants and each person controlling such Holder within the meaning of
Section 15 of the Securities Act, for which registration, qualification or compliance has been effected pursuant to this Section 2, and each underwriter, if any, and each person who controls within the meaning of Section 15 of the
Securities Act any underwriter, against all expenses, claims, losses, damages, and liabilities (or actions, proceedings or settlements in respect thereof) arising out of or based on (i) any untrue statement or alleged untrue statement of a
material fact by such Holder contained in any prospectus, offering circular, or other document, including any related registration statement, notification or the like, incident to any such registration, qualification or compliance, or (ii) any
omission or alleged omission of such Holder to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) any violation by the Company of the Securities Act or any rule or
regulation thereunder applicable to the Company 

  

 -13- 

 
and relating to action or inaction required of the Company in connection with any such registration, qualification or compliance, and will reimburse each
such other Holder, each of its officers, directors, partners, legal counsel, and accountants and each person controlling such Holder, each such underwriter and each person who controls any such underwriter, for any legal and any other expenses
reasonably incurred for investigating and defending or settling any such claim, loss, damage, liability or action; provided, however, that the Company will not be liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based on any untrue statement or omission based upon written information furnished to the Company by such Holder, each of its officers, directors, partners, and each person controlling such Holder,
underwriter and stated to be specifically for use therein. It is agreed that the indemnity agreement contained in this Section 2.10(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld). 
 (b) To the extent permitted
by law, each Holder will, if Registrable Securities held by such Holder are included in the securities as to which such registration, qualification or compliance is being effected, indemnify the Company, each of its directors and officers, legal
counsel and accountants, and each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities Act,
each other such Holder and each of its officers and directors, and each person controlling such other Holder, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on (i) any untrue
statement or alleged untrue statement of a material fact contained in any such registration statement, prospectus, offering circular or other document, or (ii) any omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and such Holders, directors, officers, legal counsel, accountants, persons, underwriters or control persons for any legal or any other expenses
reasonably incurred for investigating or defending any such claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission is made
in such registration statement, prospectus, offering circular or other document in reliance upon and in conformity with written information furnished to the Company by such Holder under an instrument duly executed by such Holder and stated to be in
furnished by such Holder specifically for use therein; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such claims, losses, damages or liabilities (or actions in
respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and provided that in no event shall any indemnity under this Section 2.10(b) exceed the gross proceeds
from the offering received by such Holder. 
 (c) Each party entitled to indemnification under this Section 2.10 (the
“Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be
sought, and shall permit the Indemnifying Party to assume the defense of such claim or any litigation resulting therefrom; provided, however, that legal counsel for the Indemnifying Party, who shall conduct the defense of such claim or
any litigation resulting therefrom, shall be approved by the Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in such defense at such 

  

 -14- 

 
party’s expense; and, provided further, however, that the failure of any Indemnified Party to give notice as provided herein shall not
relieve the Indemnifying Party of its obligations under this Section 2, to the extent such failure is not prejudicial. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified
Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or
litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as the Indemnifying Party may reasonably request in writing and as shall be reasonably required for defense of such claim and litigation
resulting therefrom. 
 (d) If the indemnification provided for in this Section 2.10 is held by a court of competent jurisdiction to be
unavailable to an Indemnified Party for any loss, liability, claim, damage or expense referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other for the statements
or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and to such parties’ relative intent,
knowledge, access to information, and opportunity to correct or prevent such statement or omissions. 
 (e) Notwithstanding the foregoing, to
the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into for an underwritten public offering of the Company’s securities are in conflict with the foregoing provisions, the
provisions in the underwriting agreement shall control. 
 2.11 Transfer or Assignment of Registration Rights. The rights to
cause the Company to register Registrable Securities pursuant to this Section 2 may be transferred or assigned by a Holder to a transferee or assignee of Registrable Securities that (a) is a general partner, limited partner or retired
partner of a Holder that is a partnership; (b) is a subsidiary or parent corporation that owns all of the capital stock of the Holder; (c) is a member or former member of any Holder that is a limited liability company; (d) is a family
member or a trust for the benefit of the Holder or such family member; (e) is an Affiliate of the Holder; (f) is an Affiliated partnership, limited liability company or fund managed by a Holder or any of their respective directors,
officers, partners or members; or (g) acquires not less than ten percent (10%) of the Registrable Securities (as adjusted for stock dividends, combinations, splits, recapitalizations and the like) held by the transferring Holder measured
as of the date such Holder became a party to this Agreement; provided, however, that (i) the transferor shall, within a reasonable time after such transfer, furnish to the Company written notice of the name and address of such
transferee or assignee and the securities for which such registration rights are being assigned and (ii) such transferee shall agree to be subject to all restrictions set forth in this Agreement. 
  

 -15- 

 2.12 “Market Stand-Off” Agreement. 
 (a) For the Initial Public Offering, each Holder hereby agrees that such Holder shall not sell, transfer, make any short sale of, grant any option for the
purchase of, enter into any hedging or similar transaction with the same economic effect as a sale or otherwise transfer or dispose of any Common Stock (or any other securities of the Company) held by such Holder (other than those included in the
registration) for a period (the “Lock Up Period”) specified by the representative of the underwriters of the Common Stock (or any other securities) of the Company not to exceed one hundred eighty (180) calendar days following
the effective date of a registration statement of the Company filed under the Securities Act for such offering (the “Effective Date”); provided that (i) all current and future officers and directors of the Company and
all current and future holders of at least one percent (1%) of the Company’s voting securities enter into similar agreements, (ii) the Company shall use its best efforts to decrease the Lock Up Period by providing for periodic
releases of portions of the securities restricted pursuant to this Section 2.12(a) (for example, one-third released sixty (60) days following the Effective Date, one-third released ninety (90) days following the Effective Date, and
one-third released one-hundred twenty (120) days following the Effective Date), and (iii) the Company shall use its best efforts to have the Lock Up Period terminate if the trading price of the Common Stock after the Effective Date exceeds
a certain threshold for a certain time period (for example, the Lock Up Period shall terminate if the trading price of the Common Stock following the Effective Date exceeds 125% of the initial price to public in the Initial Public Offering for a
period of at least five (5) trading days). In the event of an early release of securities restricted pursuant to this Section 2.12, such securities will be released from such restriction on a pro rata basis. 
 (b) Each Holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter that are consistent
with the Holder’s obligations under this Section 2.12 or that are necessary to give further effect thereto. The obligations described in this Section 2.12 shall not apply to a Special Registration Statement. The Company may impose
stop-transfer instructions for the shares of Common Stock (or any other securities) subject to the foregoing restriction until the end of the relevant market stand-off period. Each holder agrees that any transferee of any shares of Registrable
Securities shall be bound by Section 2.12. The underwriters of the Company’s stock are intended third party beneficiaries of Section 2.12 and shall have the right, power and authority to enforce the provisions hereof as though they
were a party hereto. 
 2.13 Rule 144 Reporting. With a view to making available to the Holders the benefits of certain
rules and regulations of the SEC that may permit the sale of the Registrable Securities to the public without registration after a public market exists for the Common Stock, the Company agrees to use its commercially reasonable efforts to:

 (a) Make and keep public information available, as those terms are understood and defined in Rule 144, at all times after the date
that the Company becomes subject to the reporting requirements of the Securities Act and the Exchange Act; 
 (b) File with the SEC, in a
timely manner, all reports and other documents required of the Company under the Exchange Act; and 
  

 -16- 

 (c) So long as a Holder owns any Registrable Securities required to bear the restrictive legends set
forth in Section 2.1, furnish to such Holder forthwith upon request: (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144, and of the Exchange Act (at any time after it has become
subject to such reporting requirements); (ii) a copy of the most recent annual or quarterly report of the Company filed with the SEC; and (iii) such other reports and documents as a Holder may reasonably request to avail itself of any
rule or regulation of the SEC allowing it to sell any such securities without registration. 
 Section 3 
 Covenants of the Company 
 3.1 Basic Financial Information and Reporting. The Company will maintain true books and records of account in which full and correct entries will be made of all their business transactions pursuant to a system of accounting
established and administered in accordance with U.S. generally accepted accounting principles consistently applied (“GAAP”) (except as noted herein or as disclosed in writing to the recipients thereof, which disclosure shall provide
a reconciliation to GAAP if the differences between the GAAP and non-GAAP financial statements are material), and will set aside on its books all such proper accruals and reserves as shall be required under GAAP consistently applied. In addition, so
long as at least 229,600 shares, representing 10% of the Series A Preferred issued pursuant to the Series A Preferred Stock Purchase Agreement dated April 22, 2005 remains outstanding, the Company shall deliver to each Preferred Holder who
holds at least 5% of the shares of Series A Preferred outstanding on the date immediately before the date any items in this Section 3.1 are due to be delivered to such Preferred Holders, the following financial information: 
 (a) As soon as reasonably practicable after the end of each fiscal year, and in any event within one hundred twenty (120) calendar days after the end
of each such fiscal year, the Company will furnish to such Preferred Holder a consolidated balance sheet of the Company, as at the end of such fiscal year, and a consolidated statement of income and a statement of cash flows of the Company, for such
year, all prepared in accordance with GAAP (except as noted herein or as disclosed in writing to the recipients thereof, which disclosure shall provide a reconciliation to GAAP if the differences between the GAAP and non-GAAP financial statements
are material) and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and in the form requested by the Series A Directors, and audited and certified by independent public accountants
approved by the Board (including the Series A Directors). The holders of Series A Preferred shall be granted access to the Company’s auditors. The Company shall also furnish to such Preferred Holders a statement from the chief financial
officer (or upon the request of the Preferred Holders, the Company’s auditors) regarding compliance with the terms of this Agreement or any other major agreement. 
 (b) As soon as reasonably practicable after the end of the first, second and third quarterly accounting periods in each fiscal year of the Company, and in any event within twenty-one (21) calendar days after the
end of each such quarter, the Company will furnish to such Preferred Holder an unaudited consolidated balance sheet of the Company as of the end of each such quarterly period, and an unaudited consolidated statement of income and an unaudited

  

 -17- 

 
statement of cash flows of the Company for such period and for the current fiscal year to date, in the form requested by the Series A Directors, all
certified by the Company’s Chief Financial Officer (or, if there is no such officer, the senior employee responsible for the financial statements of the Company), prepared in accordance with GAAP (except as noted herein or as disclosed in
writing to the recipients thereof, which disclosure shall provide a reconciliation to GAAP if the differences between the GAAP and non-GAAP financial statements are material) with the exception that no notes need be attached to such statements and
period-end audit adjustments may not have been made and setting forth in each case in comparative form the figures from the previous quarter and from the Budget and Operating Plan (defined below), including a management discussion and analysis
describing material activities and events in such quarter and discussing major variances from Budget and Operating Plan. 
 (c) As soon as
reasonably practicable after each calendar month, and in any event within seven (7) calendar days after each such calendar month, the Company will furnish to such Preferred Holder a consolidated unaudited balance sheet of the Company as of the
end of each such monthly period, and an unaudited consolidated statement of income and an unaudited statement of cash flows of the Company for such period and for the current fiscal year to date, all certified by the Company’s Chief Financial
Officer (or, if there is no such officer, the senior employee responsible for the financial statements of the Company), prepared in accordance with GAAP (except as noted herein or as disclosed in writing to the recipients thereof, which disclosure
shall provide a reconciliation to GAAP if the differences between the GAAP and non-GAAP financial statements are material) with the exception that no notes need be attached to such statements and year-end audit adjustments may not have been made).

 (d) The Company will furnish to such Preferred Holder at least thirty (30) calendar days before the beginning of each fiscal year a
detailed business plan for the next three upcoming fiscal years that includes a monthly capital and operating budget for such year (and as soon as available, any subsequent written revisions thereto) (the “Budget and Operating
Plan”), and a statement of income and a statement of cash flows of the Company for the current fiscal year to date, including a comparison to the Budget and Operating Plan figures for such period, all certified by the Company’s Chief
Financial Officer (or, if there is no such officer, the senior employee responsible for the financial statements of the Company) and prepared in accordance with GAAP (except as noted herein or as disclosed in writing to the recipients thereof, which
disclosure shall provide a reconciliation to GAAP if the differences between the GAAP and non-GAAP financial statements are material), with the exception that no notes need be attached to such statements and year-end audit adjustments may not have
been made. 
 (e) As soon as reasonably practicable, and in any event within ten (10) calendar days after filing, the Company will
furnish to such Preferred Holder copies of all communications with other stockholders or the financial community, including press releases. 
 (f) The Company shall promptly provide notice of any material events, including, without limitation, any defaults under any of the Company’s debt agreements, for which the Company shall promptly provide any default notices in
connection therewith. 
 3.2 Inspection Rights. The Preferred Holders shall have the right to visit and inspect any of the
properties of the Company, including books, records contracts and agreements, and to 

  

 -18- 

 
discuss the affairs, finances and accounts of the Company with its officers, and to review such information as is reasonably requested all during normal
business hours. The Company shall make its officers available to the Preferred Holders during all such visits and inspections; provided, however, that the Company shall not be obligated under this Section 3.2 for information which
the Board of Directors determines in good faith is attorney-client privileged and should not, therefore, be disclosed. The Preferred Holders agree to keep, and to use the same degree of care as such Preferred Holders use to protect their own
confidential information, to keep confidential and not misuse any Company information that the Company identifies as being confidential or proprietary (so long as such information is not in the public domain) that is obtained by a Preferred Holder,
except that a Preferred Holder may disclose such proprietary or confidential information (i) to any partner, member, subsidiary, parent or such other agent of such Preferred Holder for the purpose of evaluating its investment in the Company as
long as such partner, member, subsidiary, parent or agent is advised of and bound to the confidentiality provisions of this Section 3.2; (ii) at such time as it enters the public domain through no fault of such Preferred Holder;
(iii) that is communicated to it free of any obligation of confidentiality; or (iv) that is developed by such Preferred Holder or its agents independently of and without reference to any confidential information communicated by the
Company. 
 3.3 Directors’ Expenses. The Company shall reimburse all of its Directors and any Board Observer (as such term
is defined in the ROFR Agreement) for all reasonable expenses incurred by them in connection with attendance at Board meetings (including any meetings of committees of the Board) and any other meetings or events attended on behalf of the Company at
the request of the Company’s Chief Executive Officer or President. The Company shall not, however, pay any compensation to any of its directors for their services as directors, except that the Company may elect to compensate any independent
director; provided, however, that any compensation to such independent directors shall be approved by a majority of the Board (including the Series A Directors). 
 3.4 Board of Directors Meetings; Makeup; Committees. The Company shall hold Board meetings at least once every quarter, unless the Board
otherwise unanimously agree to hold fewer Board meetings. 
 3.5 Directors’ Liability and Indemnification. The Restated
Certificate and the Company’s Bylaws, each as may be amended from time to time, shall provide (a) for elimination of the liability of directors to the maximum extent permitted by law and (b) for indemnification of directors for acts
on behalf of the Company to the maximum extent permitted by law. The Company shall maintain directors’ and officers’ liability insurance in the amount of $2,000,000 per occurrence and on terms reasonably acceptable to such Preferred
Holders provided such coverage is available at commercially reasonable rates. The Company shall enter into indemnification agreements with each of the directors, to the extent such agreements have not been executed before the Closing (as such term
is defined in the Purchase Agreement) in a form reasonably acceptable to the Series A Directors. 
 3.6 Insurance. The
Company shall maintain through a carrier and on terms reasonably acceptable to such requesting Preferred Holders term life insurance on the life of the Company’s Chief Executive Officer in an amount of not less than $2,000,000, plus $1,000,000
on up to two members of management selected by the Preferred Holders. If less than three 

  

 -19- 

 
members are selected by the Preferred Holders, the Preferred Holders shall have the right to require the Company to obtain “key man” life insurance
on future designees who are employees of the Company; provided that the aggregate number shall be no more than three. Such policies shall be owned by the Company and all benefits thereunder shall be payable to the Company. The Company shall
maintain in full force and effect, insurance policies sufficient in amount (subject to reasonable deductibles) to allow it to replace any properties or assets that might be damaged or destroyed. 
 3.7 Reservation of Common Stock. The Company will at all times reserve and keep available, solely for issuance and delivery upon the
conversion of the Series A Preferred, all Common Stock issuable from time to time upon such conversion. 
 3.8 Confidential
Information and Invention Assignment Agreement. The Company shall require all of its former, current and future officers, employees and consultants to execute and deliver a Confidential Information and Invention Assignment Agreement.

 3.9 Assignment of Right of First Refusal. If the Company elects not to exercise any right of first refusal or right of first
offer the Company may have on a proposed transfer of any of the Company’s outstanding capital stock pursuant to the Company’s charter documents, by contract or otherwise, the Company shall, to the extent it may do so under the relevant
charter provision or contract, assign such right of first refusal or right of first offer to each Preferred Holder. In the event of such assignment, each Preferred Holder shall have a right to purchase its pro rata portion of the capital
stock proposed to be transferred. Each Preferred Holder’s pro rata portion shall be equal to the product obtained by multiplying (i) the aggregate number of shares proposed to be transferred by (ii) a fraction, the numerator of
which is the number of shares of Registrable Securities held by such Preferred Holder at the time of the proposed transfer and the denominator of which is the total number of Registrable Securities owned by all Preferred Holders at the time of such
proposed transfer. If any conflict exists between this Section 3.9 and the ROFR Agreement, the ROFR Agreement shall prevail. 
 3.10
Market Stand-Off Agreement. The Company shall cause (i) all entities and individuals that become stockholders of the Company after the Closing (as such term is defined in the Purchase Agreement), (ii) all employees, executives,
consultants, advisors and other service providers to the Company who receive stock options of the Company, and (iii) all persons and entities who receive warrants or other rights to receive the Company’s capital stock to be bound by market
stand-off restrictions substantially similar to the market stand-off agreement contained in Section 2.12. 
 3.11 Compliance with
Laws. The Company shall comply in all material respects with all applicable laws, rules, regulations and orders, noncompliance with which could adversely affect the Company’s business or condition, financial or otherwise including,
without limitation, the filing of all tax returns and payment of all taxes and assessments when due by the Company unless such amounts are in dispute. 
 3.12 Termination of Covenants; Assignment of Covenants. Unless terminated earlier pursuant to the terms and provisions hereof, the covenants of the Company contained in this Section 3 shall
terminate and be of no further force and effect upon the consummation of an 

  

 -20- 

 
Initial Public Offering in which all of the Company’s Preferred Stock converts to Common Stock. The rights of the Preferred Holders contained in this
Section 3 may be transferred or assigned by a Preferred Holder to a transferee or assignee of the Shares that (a) is a general partner, limited partner or retired partner of such Preferred Holder that is a partnership; (b) is a member
or former member of any Preferred Holder that is a limited liability company; (c) is a family member or a trust for the benefit of the Preferred Holder or such family member; (d) is a subsidiary or parent corporation that owns all of the
capital stock of the Preferred Holder; (e) is an Affiliate of the Preferred Holder; (f) is an Affiliated partnership, limited liability company or fund managed by a Preferred Holder or any of their respective directors, officers, partners
or members; or (g) acquires not less than ten percent (10%) of the Registrable Securities (as adjusted for stock dividends, combinations, splits, recapitalizations and the like) held by the transferring Preferred Holder measured as of the
date such Preferred Holder became a party to this Agreement; provided, however, that (i) the transferor shall, within a reasonable time after such transfer, furnish to the Company written notice of the name and address of such
transferee or assignee and the securities for which such rights and obligations are being assigned and (ii) such transferee shall agree in writing to be subject to all restrictions set forth in this Agreement. 
 Section 4 
 Preemptive
Rights 
 4.1 Subsequent Offerings. Each Holder shall have a preemptive right to purchase its pro rata share of
all New Securities, as defined below, that the Company may, from time to time, propose to sell and issue after the date of this Agreement. Each Holder’s pro rata share is equal to the ratio of (a) the number of shares of the Common
Stock (including all shares of Common Stock issuable or issued upon conversion of the Shares) of which such Holder is deemed to be a holder immediately before the issuance of such New Securities to (b) the total number of shares of the
outstanding Common Stock (including all shares of Common Stock issued or issuable upon conversion of the Shares) immediately before the issuance of the New Securities. The term “New Securities” shall, subject to Section 4.6
hereof, mean (i) any Common Stock, Preferred Stock or other security of the Company, (ii) any security convertible into or exercisable or exchangeable for, with or without consideration, any Common Stock, Series A Preferred or other
security (including any option to purchase such a convertible security), (iii) any security carrying any warrant or right to subscribe to or purchase any Common Stock, Series A Preferred or other security or (iv) any such warrant or
right. 
 4.2 Exercise of Rights. If the Company proposes to issue any New Securities, it shall give each Holder written notice
of its intention, describing the New Securities, the price and the terms and conditions upon which the Company proposes to issue the same. Each Holder shall have twenty (20) days from the giving of such notice to agree to purchase its pro
rata share of the New Securities for the price and upon the terms and conditions specified in the notice by giving written notice to the Company and stating therein the quantity of New Securities to be purchased. Notwithstanding the foregoing,
the Company shall not be required to offer or sell such New Securities to any Holder who would cause the Company to be in violation of applicable federal securities laws by virtue of such offer or sale. 
  

 -21- 

 4.3 Issuance of New Securities to Other Persons. If not all of the Holders elect to
purchase their pro rata share of the New Securities, then the Company shall promptly notify in writing the Holders who are Preferred Holders who do so elect and shall offer such Preferred Holders the right to acquire such unsubscribed shares.
Each such Preferred Holder shall have ten (10) days after receipt of such notice to notify the Company of its election to purchase all or a portion thereof of the unsubscribed shares. If the Holders fail to exercise in full the preemptive
rights, the Company shall have ninety (90) days thereafter to sell the New Securities in respect of which the Holder’s rights were not exercised, at a price and upon general terms and conditions not more favorable to the purchasers thereof
than specified in the Company’s notice to the Holders pursuant to Section 4.2. If the Company has not sold such New Securities within ninety (90) days of the notice provided pursuant to Section 4.2, the Company shall not
thereafter issue or sell any New Securities, without first offering such securities to the Holders in the manner provided above. 
 4.4
Limitation, Termination and Waiver of Preemptive Rights. In any particular offering of New Securities, the Company may limit the preemptive rights established by this Section 4 to Holders who are “accredited investors” as
that term is defined in Regulation D, promulgated pursuant to the Securities Act of 1933, as amended. The preemptive rights established by this Section 4 shall not apply to, and shall terminate upon, the Company’s Qualified IPO (as defined
in the Restated Certificate). The preemptive rights or any provision established by this Section 4 may be waived, with the written consent of (i) the Holders holding at least a majority of the Series A Preferred then held by all
Holders (including shares of Common Stock issued upon conversion of the Series A Preferred) and (ii) the Holders (excluding the DPC Stockholders) holding at least a majority of the Common Stock then held by all Holders (excluding the DPC
Stockholders). If a Holder does not exercise its preemptive right for an offering of New Securities (unless waived pursuant to this Section 4.4), such Holder’s preemptive right with respect to subsequent offerings of New Securities shall
terminate. 
 4.5 Transfer of Preemptive Rights; Affiliates of Preferred Holders. The preemptive rights of each Preferred
Holder under this Section 4 may be transferred to the same parties, subject to the same restrictions, as any transfer of the rights pursuant to Section 2.11. For purposes of this Section 4, “Preferred Holders”
includes any general partners, limited partners, members and affiliates of the Preferred Holders. Each Preferred Holder shall be entitled to apportion the preemptive right hereby granted it among itself and its general partners, limited partners,
members and affiliates in such proportions as it deems appropriate. 
 4.6 Excluded Securities. The defined term “New
Securities” does not include shares of Common Stock issued or issuable: 
 (a) upon conversion of shares of Series A Preferred;

 (b) to officers, directors or employees of, or consultants to, the Company pursuant to stock option or stock purchase plans (including,
for example, restricted stock award agreements) on terms approved by the Board (including a majority of the Series A Directors) up to an aggregate amount of 30,000,000 shares of Common Stock (as adjusted for stock dividends, combinations,
splits, recapitalizations and the like), including shares issued before the date of this Agreement; 
  

 -22- 

 (c) upon exercise or conversion of options, warrants or other convertible securities that are outstanding
as of the Closing Date (as such term is defined in the Purchase Agreement); 
 (d) pursuant to a stock split, stock dividend or similar
recapitalization by the Company; 
 (e) as an antidilution adjustment to the Series A Conversion Price (as defined in the Restated
Certificate) pursuant to the Restated Certificate; 
 (f) pursuant to a Qualified IPO (as defined in the Restated Certificate); and

 (g) with the vote or written consent of Preferred Holders holding a majority of the Series A Preferred held by all Preferred Holders;

 (h) pursuant to a debt financing (including securities issued in consideration of guarantees of such financing), strategic transaction,
joint venture or other similar business arrangement that is approved by the Board; 
 (i) pursuant to an acquisition of another entity by the
Company by merger, purchase of all or substantially all of the stock or assets or other reorganization whereby the Company owns more than fifty percent (50%) of the voting power of such entity that is approved by the Board; 
 (j) Series A Preferred sold under the Purchase Agreement; or 
 (k) to financial institutions or lessors for commercial credit arrangements, equipment financings, commercial property lease transactions or similar transactions (including securities issued in consideration of
guarantees of such financings or leases) that are approved by the Board. 
 Section 5 
 Miscellaneous 
 5.1
Amendment and Waiver. 
 (a) Except as otherwise expressly provided, the provisions of this Agreement may be amended, modified or
waived only upon the written consent of the Company and the holders of at least a majority of the Registrable Securities held by Preferred Holders and, if any such amendment, modification or waiver would adversely affect the rights of the Common
Holders, by the holders of at least a majority of the Registrable Securities held by Common Holders exclusive of the DPC Stockholders; provided, however, that any amendment, modification or waiver of a provision herein requiring the approval
or consent of holders of a supermajority of the Registrable Securities shall require the written consent of the Company and the holders of the applicable supermajority of the Registrable Securities. 
  

 -23- 

 (b) Any amendment or waiver effected in accordance with this Agreement shall be binding upon each
Preferred Holder and Common Holder in accordance with the terms hereof. 
 5.2 Additional Holders. Subject to agreement of the
Company and holders of a majority of the Registrable Securities, persons or entities who purchase Preferred Stock from the Company or who receive shares of Common Stock or Preferred Stock from the Company in connection with future mergers or
acquisitions of businesses by the Company may be added to this Agreement as Common Holders or Preferred Holders as appropriate. Such additional holders shall become parties to this Agreement by executing and delivering an additional counterpart
signature page. The Company shall use commercially reasonable efforts to have all holders of 100,000 or more of the Company’s outstanding Capital Stock who are not Preferred Holders to become parties to this Agreement. 
 5.3 Governing Law. This Agreement shall be governed in all respects by and construed under the internal laws of New York State as such laws
are applied to agreements that are entered into by and among New York residents while located in New York and that are to be performed entirely within New York, without regard to principles of conflicts of law. 
 5.4 Jurisdiction; Venue. For any disputes arising out of or related to this Agreement, the parties consent to the exclusive jurisdiction
of, and venue in, the state courts in New York County, in New York State (or for exclusive federal jurisdiction, the United States District Court for the Southern District of New York). 
 5.5 Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER
PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT, ANY OF THE OTHER TRANSACTION DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 5.6 Equitable Remedies. The parties hereto agree that irreparable harm would occur if any of the terms and provisions of this Agreement were not performed fully by the parties hereto in accordance with
their specific terms or conditions or were otherwise breached, and that money damages are an inadequate remedy for breach of this Agreement because of the difficulty of ascertaining and quantifying the amount of damage that will be suffered by the
parties hereto if this Agreement is not performed in accordance with its terms or conditions or is otherwise breached. It is accordingly hereby agreed that the parties hereto shall be entitled to seek an injunction or injunctions to restrain, enjoin
and prevent breaches of this Agreement by the other parties and to enforce specifically the terms and provisions of this Agreement in any court of the United States or any state having jurisdiction, such remedy being in addition to and not in lieu
of, any other rights and remedies to which the parties are entitled to at law or in equity. 
 5.7 Successors and Assigns.
Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto and shall inure to the benefit of and be
enforceable by each person who shall be a holder of Registrable Securities from time to time. 
  

 -24- 

 5.8 Entire Agreement. This Agreement, the exhibits and schedules hereto, the Purchase
Agreement and the other documents delivered pursuant thereto constitute the full and entire understanding and agreement among the parties hereto with regard to the subjects hereof and thereof, and no party shall be liable or bound to any other party
in any manner with regard to the subjects hereof or thereof by any warranties, representations or covenants except as specifically set forth herein and therein. 
 5.9 Severability. In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or
unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 
 5.10 Delays or Omissions. It is agreed that no delay or omission to exercise any right, power, or remedy accruing to any Holder, upon any
breach, default or noncompliance of the Company under this Agreement shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of any similar
breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or character on any Holder’s part of any breach, default or noncompliance under this Agreement or any waiver on
such Holder’s part of any provisions or conditions of this Agreement must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, by law, or otherwise afforded
to Holders, shall be cumulative and not alternative. 
 5.11 Notices. All notices and other communications required or permitted
hereunder shall be in writing and shall be mailed by registered or certified mail, postage prepaid, sent by facsimile or otherwise: 
 (a) if
to the DPC Stockholders, at the DPC Stockholders’ address or facsimile number set forth on the Schedule of Preferred Holders attached hereto as Exhibit A or as shown in the Company’s records, as may be updated in accordance
with the provisions hereof, and addressed to the attention of Hans Kobler, with a copy to Trevor J. Chaplick, Esq., Wilson Sonsini Goodrich & Rosati, P.C., Two Fountain Square, 11921 Freedom Drive, Suite 600, Reston, Virginia 20190,
such copy not to constitute notice; 
 (b) if to any other Preferred Holder, to such Preferred Holder’s address or facsimile number set
forth on the Schedule of Preferred Holders attached hereto as Exhibit A or as shown in the Company’s records, as may be updated in accordance with the provisions hereof; 
 (c) if to any other Holder, at such address or facsimile number as shown in the Company’s records, or, until any such Holder so furnishes an address
or facsimile number to the Company, then to and at the address of the last Holder of the Registrable Securities in question for which the Company has contact information in its records; or 
 (d) if to the Company, one copy should be sent to its address or facsimile number set forth on the signature pages hereof and addressed to the attention
of the Chief Executive Officer, or at such other address or facsimile number as the Company shall have furnished to the Preferred Holders, with a copy to Michael J. Danaher, Esq., Wilson Sonsini Goodrich & Rosati, 650 Page Mill Rd., Palo
Alto, CA 94304, such copy not to constitute notice. 
  

 -25- 

 Each such notice or other communication shall for all purposes of this Agreement be treated as effective
or as having been given: (a) upon delivery, if personally delivered; (b) one (1) business day after pre-paid deposit for next business day delivery with a commercial courier service (e.g., DHL or FedEx); (c) five
(5) business days after deposit, postage pre-paid, with first class airmail (which airmail must be certified or registered); or (d) upon confirmation of facsimile transfer when sent by facsimile. 
 5.12 Attorneys’ Fees. If any arbitration, suit or action is instituted to enforce any provision in this Agreement, the prevailing
party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including, without limitation, such reasonable fees and
expenses of attorneys and accountants, which shall include, without limitation, all reasonable fees, costs and expenses of appeals. 
 5.13 Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 
 5.14 Limitation on Subsequent Rights. Other than as provided in Section 5.2, after the date of this Agreement, the Company shall not
(a) without the prior written consent of the holders of at least a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company that would grant such
holder preemptive rights, co-sale rights, IPO purchase rights, information rights or any other rights contained in this Agreement (other than registration rights) on a parity with or senior to those granted to the Holders hereunder or
(b) without the prior written consent of the holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company which would allow such holder or
prospective holder (i) to include such securities in any registration filed under Section 2.2, Section 2.3 or Section 2.4 hereof, unless under the terms of such agreement, such holder or prospective holder may include such
securities in any such registration only to the extent that the inclusion of his securities will not reduce the amount of the Registrable Securities of the Holders which is included or (ii) to make a demand registration. 
 5.15 Non-Business Days. Notwithstanding anything to the contrary contained herein, if any calendar day referred to in this Agreement falls
on a Saturday, a Sunday or a U.S. holiday (each a “Non-Business Day”), then any transaction or notice that must be effected or delivered on such a Non-Business Day will instead be required to be effected or delivered on the next day that
is not a Non-Business Day. 
 5.16 Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be an original, but all of which together shall constitute one instrument. 
 5.17 Telecopy Execution and Delivery. A
facsimile, telecopy or other reproduction of this Agreement may be executed by one or more parties hereto, and an executed copy of this Agreement may be delivered by one or more parties hereto by facsimile or similar electronic 

  

 -26- 

 
transmission device pursuant to which the signature of or on behalf of such party can be seen, and such execution and delivery shall be considered valid,
binding and effective for all purposes. At the request of any party hereto, all parties hereto agree to execute an original of this Agreement as well as any facsimile, telecopy or other reproduction hereof. 
 5.18 Aggregation of Stock. All shares of Registrable Securities held or acquired by affiliated entities or persons or persons or entities
under common management or control shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
 5.19 Termination. This Agreement shall terminate and be of no further force or effect upon the date ten (10) years following the closing of the Qualified IPO. 
 (Remainder of the page intentionally left blank) 
  

 -27- 

 IN WITNESS WHEREOF, the parties have executed this Investors’ Rights Agreement on the date first set
forth above. 
  

					
	THE COMPANY:	 	ICX TECHNOLOGIES, INC.
			
		 	By:	 	 /s/ Hans Kobler

		 	Name:	 	Hans Kobler
		 	Title:	 	Chief Executive Officer
		
		 	Company Address:
		 	411 West Putnam Avenue, Suite 125
		 	Greenwich, CT 06830

 [Signature page to Investors’ Rights Agreement] 

			
	PREFERRED HOLDER:
	
	DP1, LLC
		
	By:	 	 /s/ Paul Jacobi

	Name:	 	Paul Jacobi
	Title:	 	
		
	Address:	 	411 West Putnam Avenue, Suite 125
		 	Greenwich, CT 06830

 [Signature page to Investors’ Rights Agreement] 

			
	PREFERRED HOLDER:
	
	Valentis SB, L.P.
	By: Valentis SB GP LLC, its General Partner
		
	By:	 	 /s/ Paul Jacobi

	Name:	 	Paul Jacobi
	Title:	 	
		
	Address:	 	411 West Putnam Avenue, Suite 125
		 	Greenwich, CT 06830

 [Signature page to Investors’ Rights Agreement] 

			
	COMMON HOLDER:
		
	By:	 	 /s/ Colin J. Cumming

	Name:	 	Colin J. Cumming
		
	Address:	 	1024 S. Innovation Way
		 	Stillwater, OK 74074

 [Signature page to Investors’ Rights Agreement] 

			
	COMMON HOLDER:
		
		 	 /s/ Joel P. Roark

	Name:	 	Joel P. Roark
		
	Address:	 	1024 S. Innovation Way
		 	Stillwater, OK 74074

 [Signature page to Investors’ Rights Agreement] 

			
	COMMON HOLDER:
		
		 	 /s/ James H. Luby

	Name:	 	James H. Luby
		
	Address:	 	1024 S. Innovation Way
		 	Stillwater, OK 74074

 [Signature page to Investors’ Rights Agreement] 

			
	COMMON HOLDER:
	
	Frontier Engineering, Inc., an Oklahoma corporation,
		
		 	 /s/ Edward L. Shreve

	Name:	 	Edward L. Shreve
	Title:	 	President
		
	Address:	 	702 W. Harned Avenue
		 	Stillwater, OK 74075

 [Signature page to Investors’ Rights Agreement] 

			
	COMMON HOLDER:
		
		 	 /s/ Timothy M. Swager

	Name:	 	Timothy M. Swager
		
	Address:	 	18 Copley Street
		 	Newton, MA 02458

 [Signature page to Investors’ Rights Agreement] 

 EXHIBIT A 
 Schedule of Preferred Holders 
  

			
	 Name and Address
	  	  
	DP1, LLC	  	
	411 West Putnam Avenue, Suite 125	  	
	Greenwich, CT 06830	  	
		
	Valentis SB, L.P.	  	
	411 West Putnam Avenue, Suite 125	  	
	Greenwich, CT 06830	  	

 EXHIBIT B 
 Common Holders 
 [Subject to Change] 
  

			
	 Name and Address
	 	 
	Colin J. Cumming	 	
	1024 S. Innovation Way	 	
	Stillwater, OK 74074	 	
		
	Joel P. Roark	 	
	1024 S. Innovation Way	 	
	Stillwater, OK 74074	 	
		
	James H. Luby	 	
	1024 S. Innovation Way	 	
	Stillwater, OK 74074	 	
		
	Edward L. Shreve	 	
	Frontier Engineering, Inc.	 	
	702 W. Harned Avenue	 	
	Stillwater, OK 74075	 	
		
	Timothy M. Swager	 	
	18 Copley Street	 	
	 Newton, MA 02458Amended and Restated 2005 Stock Plan

 Exhibit 10.2 
 ICX TECHNOLOGIES, INC. 
 AMENDED AND RESTATED 2005 STOCK PLAN 
 (Effective as of June 12, 2007) 
 1. Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants and to
promote the success of the business of the Company. The Plan permits the grant of Options, Restricted Stock, Restricted Stock Units and Stock Purchase Rights as the Administrator may determine. 
 2. Definitions. As used herein, the following definitions will apply: 
 (a) “Administrator” means the Board or any of its Committees as will be administering the Plan in accordance with
Section 4 hereof. 
 (b) “Applicable Laws” means the requirements relating to the administration of
equity compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any other country or
jurisdiction where Awards are granted under the Plan. 
 (c) “Award” means, individually or collectively, a
grant under the Plan of Options, Restricted Stock, Restricted Stock Units or Stock Purchase Rights, as the Administrator may determine. 
 (d) “Award Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and
conditions of the Plan. 
 (e) “Board” means the Board of Directors of the Company. 
 (f) “Change in Control” means a change in ownership or control of the Company effected through any of the following
transactions: 
 (i) The acquisition, directly or indirectly, by any person or related group of persons (other than the
Company or a person that, directly or indirectly, controls, is controlled by, or is under common control with the Company), of beneficial ownership of securities possessing more than fifty percent (50%) of the total combined voting power of the
Company’s outstanding securities pursuant to such transaction, except that any change in the beneficial ownership of the securities of the Company as a result of a private financing of the Company that is approved by the Board, will not be
deemed to be a Change in Control; 
 (ii) A merger, consolidation, reorganization of the Company or a similar business
combination, in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from the person or persons holding those
securities, directly or indirectly, immediately prior to such transaction; or 
 (iii) The sale, transfer or other disposition
of all or substantially all of the Company’s assets (including, intellectual property rights which, in the aggregate, constitute substantially all of the Company’s material assets). 
 (g) “Code” means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a
reference to any successor or amended section of the Code. 
  

 1 

 (h) “Committee” means a committee of Directors or of other individuals
satisfying Applicable Laws appointed by the Board in accordance with Section 4 hereof. 
 (i) “Common
Stock” means the Common Stock of the Company. 
 (j) “Company” means ICx Technologies, Inc., a
Delaware corporation. 
 (k) “Consultant” means any person who is engaged by the Company or any Parent or
Subsidiary to render consulting or advisory services to such entity. 
 (l) “Director” means a member of the
Board. 
 (m) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the
Code. 
 (n) “Employee” means any person, including officers and Directors, employed by the Company or any
Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company. 
 (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (p) “Exchange Program” means a program under which (a) outstanding Awards are surrendered or cancelled in exchange
for Awards of the same type (which may have lower exercise prices and different terms), Awards of a different type, and/or cash, and/or (b) the exercise price of an outstanding Award is reduced. The terms and conditions of any Exchange Program
will be determined by the Administrator in its sole discretion. 
 (q) “Fair Market Value” means, as of any
date, the value of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange
or a national market system, including without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales were
reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value
will be the mean between the high bid and low asked prices for the Common Stock on the day of determination; or 
 (iii) In
the absence of an established market for the Common Stock, the Fair Market Value thereof will be determined in good faith by the Administrator. 
 (r) “Incentive Stock Option” means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the
regulations promulgated thereunder. 
 (s) “Nonstatutory Stock Option” means an Option that by its terms does
not qualify or is not intended to qualify as an Incentive Stock Option. 
 (t) “Option” means a stock option
granted pursuant to the Plan. 
 (u) “Optioned Stock” means the Common Stock subject to an Award. 

 

 2 

 (v) “Parent” means a “parent corporation,” whether now or
hereafter existing, as defined in Section 424(e) of the Code. 
 (w) “Participant” means the holder of
an outstanding Award granted under the Plan. 
 (x) “Plan” means this 2005 Stock Plan. 
 (y) “Restricted Stock” means Shares issued pursuant to a Stock Purchase Right or Shares of restricted stock issued
pursuant to an Option or a Restricted Stock Grant. 
 (z) “Restricted Stock Grant” means a grant of
Restricted Stock in accordance with the Plan and pursuant to a written agreement with the Company. 
 (aa) “Restricted
Stock Unit” means a restricted stock unit issued by the Company pursuant to a Restricted Stock Unit Grant. 
 (bb)
“Restricted Stock Unit Grant” means a grant of Restricted Stock Units in accordance with the Plan and pursuant to a written agreement with the Company. 
 (cc) “Securities Act” means the Securities Act of 1933, as amended. 
 (dd) “Service Provider” means an Employee, Director, Advisor or Consultant. 
 (ee) “Share” means a share of the Common Stock, as adjusted in accordance with Section 11 below. 
 (ff) “Stock Purchase Right” means a right to purchase Common Stock pursuant to Section 7 below. 
 (gg) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code. 
 3. Stock Subject to the Plan. Subject to the provisions of Section 11 of the Plan, the
maximum aggregate number of Shares that may be subject to Awards and sold or granted under the Plan is 30,000,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock. If an Award expires or becomes unexercisable without
having been exercised in full, or is surrendered pursuant to an Exchange Program, unpurchased Shares that were subject thereto will remain available for future grant or sale under the Plan (unless the Plan has terminated). 
 However, Shares that have actually been issued under the Plan, upon exercise of an Award, will not be returned to the Plan and will not become available
for future distribution under the Plan, except that if unvested Shares of Restricted Stock are repurchased or otherwise reacquired by the Company, such Shares will become available for future grant under the Plan. 
 The foregoing limitations shall apply with respect to an equal number of Shares underlying Restricted Stock Units. 
 4. Administration of the Plan. 
 (a) Administrator. The Plan will be administered by the Board or a Committee appointed by the Board, which Committee will be constituted to comply with Applicable Laws. 
 (b) Powers of the Administrator. Subject to the provisions of the Plan and, in the case of a Committee, the specific duties
delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator will have the authority in its discretion: 
 (i) to determine the Fair Market Value; 
  

 3 

 (ii) to select the Service Providers to whom Awards may from time to time be granted
hereunder; 
 (iii) to determine the number of Shares or Restricted Stock Units to be covered by each Award granted hereunder;

 (iv) to approve forms of agreement for use under the Plan; 
 (v) to determine the terms and conditions of any Award granted hereunder. Such terms and conditions include, but are not limited to, the
exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting, vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or any Common
Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, will determine; 
 (vi) to institute an Exchange Program; 
 (vii) to prescribe, amend and rescind rules and regulations relating to the
Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable foreign laws; 
 (viii) to modify or amend each Award (subject to Section 20(c) of the Plan); 
 (ix) to authorize any person to
execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; and 
 (x) to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan. 
 (c) Effect of Administrator’s Decision. All decisions, determinations and interpretations of the Administrator will be final and binding on all Participants. 
 5. Eligibility. Nonstatutory Stock Options and Stock Purchase Rights may be granted to Service Providers. Incentive Stock Options may be granted
only to Employees. 
 6. Stock Options. 
 (a) Term of Option. The term of each Award will be stated in the Award Agreement; provided, however, that the term will be no more than ten (10) years from the date of grant thereof. In the case of an
Incentive Stock Option granted to an Participant who, at the time the Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the
Option will be five (5) years from the date of grant or such shorter term as may be provided in the Award Agreement. 
 (b) Option Exercise Price and Consideration. 
 (i) Exercise Price. The per share exercise price for
the Shares to be issued upon exercise of an Option will be such price as is determined by the Administrator, but will be subject to the following: 
 (A) In the case of an Incentive Stock Option 
 a) granted to an Employee who, at the time of
grant of such Option, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price will be no less than 110% of the Fair Market Value per Share on
the date of grant. 
  

 4 

 b) granted to any other Employee, the per Share exercise price will be no less than 100%
of the Fair Market Value per Share on the date of grant. 
 (B) In the case of a Nonstatutory Stock Option, the per Share
exercise price will be determined by the Administrator. 
 (C) Notwithstanding the foregoing, Incentive Stock Options may be
granted with a per Share exercise price other than as required above in accordance with and pursuant to a transaction described in Section 424 of the Code. 
 (ii) Forms of Consideration. The consideration to be paid for the Shares to be issued upon exercise of an Option, including the
method of payment, will be determined by the Administrator (and, in the case of an Incentive Stock Option, will be determined at the time of grant). Such consideration may consist of, without limitation, (1) cash, (2) check,
(3) promissory note, (4) other Shares, provided Shares acquired directly from the Company (x) have been owned by the Participant, and not subject to a substantial risk of forfeiture, for more than six months on the date of surrender,
and (y) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised, (5) consideration received by the Company under a cashless exercise program
implemented by the Company in connection with the Plan, or (6) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator will consider if acceptance of such
consideration may be reasonably expected to benefit the Company. 
 (c) Exercise of Option. 
 (i) Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder will be exercisable according to the terms hereof
at such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. 
 An Option will be deemed exercised when the Company receives (i) written or electronic notice of exercise (in accordance with the
Award Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised, together with any applicable withholding taxes. Full payment may consist of any consideration
and method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the
Participant and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a
stockholder will exist with respect to the Shares, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other
right for which the record date is prior to the date the Shares are issued, except as provided in Section 11 of the Plan. 
 Exercise of an Option in any manner will result in a decrease in the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

 (ii) Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, such
Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of the Option as
set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain exercisable for three (3) months following the Participant’s termination. Unless the Administrator provides otherwise, if
on the date of termination the Participant is not vested as to his or 

  

 5 

 
her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If, after termination, the Participant does not exercise
his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 
 (iii) Disability of Participant. If a Participant ceases to be a Service Provider as a result of the Participant ‘s Disability, the Participant may exercise his or her Option within such period of time as
is specified in the Award Agreement to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the
Award Agreement, the Option will remain exercisable for twelve (12) months following the Participant’s termination. Unless the Administrator provides otherwise, if on the date of termination the Participant is not vested as to his or her
entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If, after termination, the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares
covered by such Option will revert to the Plan. 
 (iv) Death of Participant. If a Participant dies while a Service
Provider, the Option may be exercised within such period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement), by the Participant’s designated
beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal
representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. In the absence of a specified time in the Award
Agreement, the Option will remain exercisable for twelve (12) months following the Participant’s termination. If, at the time of death, the Participant is not vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 
 (d) Incentive Stock Option Limit. Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a
Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any
calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(d), Incentive Stock Options will be taken into account in
the order in which they were granted. The Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted. 
 7. Stock Purchase Rights. 
 (a) Rights to Purchase. Stock Purchase Rights may
be issued either alone, in addition to, or in tandem with other awards granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it will advise the
offeree in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person will be entitled to purchase, vesting, the price to be paid, and the time within which such person must accept such
offer. 
 (b) Repurchase Option. Unless the Administrator determines otherwise, the Award Agreement will grant the
Company a repurchase option exercisable within ninety (90) days of the voluntary or involuntary termination of the purchaser’s service with the Company for any reason (including death or disability). Unless the Administrator provides
otherwise, the purchase price for Shares repurchased pursuant to the Award Agreement will be the original price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase option will
lapse at such rate as the Administrator may determine. 
 (c) Other Provisions. The Award Agreement will contain such
other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. 
 (d) Rights as a Stockholder. Once the Stock Purchase Right is exercised, the purchaser will have rights equivalent to those of a stockholder and will be a stockholder when his or her purchase is entered upon
the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Stock Purchase Right is exercised, except as provided in Section 11 of
the Plan. 
  

 6 

 8. Restricted Stock and Restricted Stock Units. 
 (a) Grant. Shares of Restricted Stock and/or Restricted Stock Units may be granted either alone, in addition to, or in tandem with
other awards granted under the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Restricted Stock and/or Restricted Stock Units under the Plan, it will advise the offeree in writing of the terms,
conditions and restrictions related to the offer, including the applicable number of Shares of Restricted Stock or the number of Restricted Stock Units, as the case may be, that such person will be entitled to receive, the vesting terms, the price
to be paid if any, and the time within which such person must accept such offer. 
 (b) Repurchase Option. Unless the
Administrator determines otherwise, the Company will have an option to repurchase vested Restricted Stock and/or Restricted Stock Units within ninety (90) days of the voluntary or involuntary termination of the holder’s service with the
Company for any reason (including death or disability) at fair market value as determined in good faith by the Administrator. To the extent that the holder purchased Shares granted under a Restricted Stock Award and any such Shares remain non-vested
at the time the grantee ceases to be a Service Provider, the cessation of Service Provider status shall cause an immediate sale of such non-vested Shares to the Company at the original price per Share paid by the grantee. 
 (c) Other Provisions. The Award Agreement will contain such other terms, provisions and conditions not inconsistent with the Plan
as may be determined by the Administrator in its sole discretion. 
 (d) Rights as a Stockholder. Once shares of
Restricted Stock have vested, the holder will be a stockholder and his or her ownership will entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or other right for which the record
date is prior to the date such Restricted Stock is vested, except as provided in Section 11 of the Plan. Owners of Restricted Stock Units shall have no rights as stockholders by virtue of such ownership. 
 9. Tax Withholding. Prior to the delivery of any Shares pursuant to an Award (or exercise thereof), the Company will have the power and the right
to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant’s FICA obligation) required to be withheld with respect to such
Award (or exercise thereof). The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, will determine in what manner it will allow a Participant to satisfy such tax withholding obligation.

 10. Transferability of Awards. Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or the laws of descent and distribution, and may be exercised during the lifetime of the Participant, only by the Participant. 
 11. Leaves of Absence. 
 (a) Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. 
 (b) A Service Provider will not cease to be an Employee in the case of (A) any leave of absence approved by the Company or (B) transfers between locations of the Company or between the Company, its Parent,
any Subsidiary, or any successor. 
 (c) For purposes of Incentive
Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so
guaranteed, then three (3) months following the 91st day of such leave, any Incentive Stock Option held by the
Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 
  

 7 

 12. Adjustments; Dissolution or Liquidation; Merger or Change in Control. 
 (a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or
other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate
structure of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, may (in its sole discretion) adjust the number
and class of Shares that may be delivered under the Plan and/or the number, class, and price of Shares covered by each outstanding Award. 
 (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such
proposed transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 
 (c) Merger or Change in Control. In the event of a merger of the Company with or into another corporation, or a Change in Control,
each outstanding Award, and, if applicable, Shares of Restricted Stock acquired pursuant thereto, will be assumed or an equivalent award substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event
that the successor corporation in a merger or Change in Control refuses to assume or substitute for an Award and, if applicable, Shares of Restricted Stock acquired pursuant thereto, then the Participant will fully vest in and have the right to
exercise the Award as to all of the Shares subject thereto, including Shares as to which it would not otherwise be vested or exercisable, and all restrictions on Restricted Stock will lapse. If an Award is not assumed or substituted in the event of
a merger or Change in Control, the Administrator will notify the Participant in writing or electronically that the Award will be exercisable for a period of time as determined by the Administrator, and the Award will terminate upon expiration of
such period for no consideration, unless otherwise determined by the Administrator. 
 For the purposes of this subsection
(c), the Award will be considered assumed if, following the merger or Change in Control, the award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration
(whether stock, cash, or other securities or property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the
type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent,
the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Award, for each Share subject to the Award, to be solely common stock of the successor corporation or its
Parent equal in fair market value to the per Share consideration received by holders of Common Stock in the merger or Change in Control. 
 13. Time of Granting Awards. The date of grant of an Award will, for all purposes, be the date on which the Administrator makes the determination granting such Award, or such later date as is determined by the Administrator. Notice
of the determination will be given to each Service Provider to whom an Award is so granted within a reasonable time after the date of such grant. 
 14. No Effect on Employment or Service. Neither the Plan nor any Award will confer upon any Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company, nor will it
interfere in any way with his or her right or the Company’s right to terminate such relationship at any time, with or without cause, and with or without notice. 
 15. Conditions Upon Issuance of Shares. 
 (a) Legal Compliance. Shares will not
be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to
such compliance. 
  

 8 

 (b) Investment Representations. As a condition to the exercise of an Award, the
Administrator may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in
the opinion of counsel for the Company, such a representation is required. 
 16. Inability to Obtain Authority. The inability of the
Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, will relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite authority will not have been obtained. 
 17. Reservation
of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 18. Stockholder Approval. The Plan will be subject to approval by the stockholders of the Company within twelve (12) months after the date
the Plan is adopted. Such stockholder approval will be obtained in the degree and manner required under Applicable Laws. 
 19. Term of
Plan. Subject to stockholder approval in accordance with Section 18, the Plan will become effective upon its adoption by the Board. Unless sooner terminated under Section 20, it will continue in effect for a term of ten (10) years
from the later of (i) the effective date of the Plan, or (ii) the earlier of the most recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan. 
 20. Amendment and Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 
 (b) Stockholder Approval. The Board will obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan will materially impair the
rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan will not affect the
Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 
  

 9 

 APPENDIX A 
 TO 
 ICX TECHNOLOGIES, INC. 2005 STOCK PLAN 
 (for California residents only) 
 This
Appendix A to the ICx Technologies, Inc. 2005 Stock Plan will apply only to Participants who are residents of the State of California and who are receiving an Award under the Plan. Capitalized terms contained herein will have the same meanings given
to them in the Plan, unless otherwise provided by this Appendix A. Notwithstanding any provisions contained in the Plan to the contrary and to the extent required by Applicable Laws, the following terms will apply to all Awards granted to residents
of the State of California, until such time as the Administrator amends this Appendix A or the Administrator otherwise provides. 
 (d) Nonstatutory Stock Options granted to a person who, at the time of grant of such Option, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary,
will have an exercise price not less than one hundred and ten percent (110%) of the Fair Market Value per Share on the date of grant. Nonstatutory Stock Options granted to any other person will have an exercise price that is not less than
eighty-five percent (85%) of the Fair Market Value per Share on the date of grant. Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above in accordance with and pursuant to a
transaction described in Section 424 of the Code. 
 (e) The term of each Option will be stated in the Award Agreement,
provided, however, that the term will be no more than ten (10) years from the date of grant thereof. The term of each Stock Purchase Right will be no more than ten (10) years from the date the Award Agreement is entered into. 

(f) Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, transferred, or disposed
of in any manner other than by will or the laws of descent and distribution, and may be exercised during the lifetime of the Participant, only by the Participant. If the Administrator in its sole discretion makes an Award transferable, such Award
may only be transferred (i) by will, (ii) by the laws of descent and distribution, or (iii) to family members (within the meaning of Rule 701 of the Securities Act) through gifts or domestic relations orders, as permitted by Rule 701
of the Securities Act. 
 (g) Except in the case of Options granted to officers, Directors and Consultants, Options will
become exercisable at a rate of no less than twenty percent (20%) per year over five (5) years from the date the Options are granted. 
 (h) If a Participant ceases to be a Service Provider, such Participant may exercise his or her Option within thirty (30) days of termination, or such longer period of time as specified in the Award Agreement, to
the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of the Option as set forth in the Award Agreement). 
 (i) If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or
her Option within six (6) months of termination, or such longer period of time as specified in the Award Agreement, to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such
Option as set forth in the Award Agreement). 
  

 10 

 (j) If a Participant dies while a Service Provider, the Option may be exercised within
six (6) months following Participant’s death, or such longer period of time as specified in the Award Agreement, to the extent that the Option is vested on the date of death (but in no event later than the expiration of the term of such
Option as set forth in the Award Agreement) by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator. 
 (k) The terms of any Stock Purchase Rights offered under this Appendix A will comply in all respects with Section 260.140.42 of Title
10 of the California Code of Regulations including, without limitation: 
 (i) except with respect to Shares purchased by
officers, Directors and Consultants, the repurchase option will in no case lapse at a rate of less than twenty percent (20%) per year over five (5) years from the date of purchase; and 
 (ii) Stock Purchase Rights granted to a person who, at the time of grant of such Stock Purchase Right, owns stock representing more than
ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, will have a purchase price not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant or on the
date of purchase. Stock Purchase Rights granted to any other person will have a purchase price that is not less than eighty-five percent (85%) of the Fair Market Value per Share on the date of grant or on the date of purchase. 
 (l) No Award will be granted to a resident of California more than ten (10) years after the earlier of the date of adoption of the
Plan or the date the Plan is approved by the stockholders. 
 (m) The Company will provide to each Participant and to each
individual who acquires Shares pursuant to the Plan, not less frequently than annually during the period such Participant has one or more Awards outstanding, and, in the case of an individual who acquires Shares pursuant to the Plan, during the
period such individual owns such Shares, copies of annual financial statements. The Company will not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information.

 (n) In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure
of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, may (in its sole discretion) adjust the number and class
of Shares that may be delivered under the Plan and/or the number, class, and price of Shares covered by each outstanding Award; provided, however, that the Administrator will make such adjustments to the extent required by Section 25102(o) of
the California Corporations Code. 
 This Appendix A will be deemed to be part of the Plan and the Administrator will have the authority to
amend this Appendix A in accordance with Section 19 of the Plan. 
  

 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]