Document:

Extension , dated October 9, 2009, to Shared Services Agreement

 Exhibit 10.3 
 

 
  

			
	 9 October 2009
	  	Misys plc
		  	One Kingdom Street
		  	Paddington
	 Brian Vandenberg Esq
	  	London
		  	W2 6BL
	 General Counsel
	  	
	 Allscripts-Misys Healthcare Solutions Inc
	  	T +44 20 3320 5000
	 222 Merchandise Mart Plaza
	  	F +44 20 3320 1771
	 Suite 2024
	  	
	 Chicago, IL 60654
	  	www.misys.com
	 United States of America
	  	
		  	experience, solutions, results

 Dear Brian 
 Shared Services Agreement dated March 1, 2009 and effective October 10, 2008, between Misys plc (“Misys”) and Allscripts-Misys Healthcare Solutions Inc (“Allscripts”) (the
“Agreement”) 
 Further to our discussions and in the light of the fact that negotiations between Misys and
Allscripts for the renewal of the Agreement on revised terms are continuing and making good progress, we hereby agree to extend the Agreement in full force and effect for a period of 30 days from October 10, 2009. 
 It is the intention of the parties that the revised terms of the Agreement shall be backdated so as to give effect to such revised
provisions from October 10, 2009. 
 I should be grateful if you would countersign this letter to confirm your agreement on
behalf of Allscripts. 
 Kind regards 
  
  
 Tom Kilroy 
 EVP, General Counsel & Company Secretary 
 For Misys plc 
  
  
  

	
	
	

	      Brian D Vandenberg
	      Senior Vice President & General Counsel
	      For Allscripts-Misys Healthcare Solutions Inc

  
  
 Misys Plc is a member of the Misys group of companies 
 Registered in England,
No. 01360027. Registered Office: One Kingdom Street, Paddington, London W2 6BLSecond Amendment to the Supply and Manufacturing Agreement

 Exhibit 10.14.2 
 The confidential portions of this exhibit have been filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request in accordance with Rule 24b-2 of the
Securities and Exchange Act of 1934 as amended. REDACTED PORTIONS OF THIS EXHIBIT ARE MARKED BY AN ***. 
 SECOND AMENDMENT
TO THE 
 SUPPLY AND MANUFACTURING AGREEMENT 
 BETWEEN 
 TEIKOKU SEIYAKU CO., LTD./TEIKOKU PHARMA USA, INC. 
 AND 
 ENDO
PHARMACEUTICALS INC. 
 This Second Amendment (“Second Amendment”) to the Supply and Manufacturing Agreement is
between Endo Pharmaceuticals Inc. (“Endo”) and Teikoku Seiyaku Co., Ltd (“Teikoku Japan”) and its U.S. subsidiary, Teikoku Pharma USA, Inc. (“Teikoku USA”) (collectively herein after referred to as “Teikoku”)
and Endo Pharmaceuticals Inc. (“Endo”) dated as of November 23, 1998 and as amended as of April 24, 2007 (“First Amendment”), and is effective as of December 16th 2009. 
 Endo and Teikoku agree as follows: 
 1. The first paragraph of Section 10 of the First Amendment adding material to the end of
Section 2.4(a) is amended to read as follows: 
 “Effective with ENDO’s receipt of the first
shipment of QA-released commercial Product for sale in the U.S. after January 1, 2007, the prices listed below shall apply and remain in effect until ***; thereafter such prices shall be adjusted on December 31st of each of *** (each, an “Adjustment Date”) by the Price
Index (as defined below). Specifically, on each Adjustment Date, the parties shall use the average of the annual Price Index for the *** preceding the adjustment date. “Price Index” means the Producer Price Index – Pharmaceutical
Preparations, 1982-1984.” The Producer Price Index for the previous *** does not become final until *** after the Adjustment Date. To allow for finalization of the PPI the intermediate product pricing will be calculated based on the current
posted preliminary Producer Price Index as of *** of the current ***. Upon final posting of the Producer Price Index, the actual price increase will be calculated and an adjustment in price for those batches already delivered will paid by either
Endo or Teikoku as appropriate. 
 2. All other terms and conditions of the Agreement as previously amended are affirmed and remain in full
force and effect. 
 [The Remainder of this Page is Left Deliberately Blank.] 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized
representatives. 
  

									
	Teikoku Seiyaku Co., Ltd.	 		 	Endo Pharmaceuticals Inc
					
	By:	 	 /s/ SHOSAKU MURAYAMA
	 		 	By:	 	 /s/ Daniel Carbery

	Title:	 	President and CEO	 		 	Title:	 	SVP, Specialty Generics and Technologies
	Date:	 	Jan. 6, 2010	 		 	Date:	 	12-18-09
				
	Teikoku Pharma USA, Inc.	 		 		 	
					
	By:	 	 /s/ Paul Mori
	 		 		 	
	Title:	 	EVP & COO	 		 		 	
	Date:	 	12-23-09Form of Registration Rights Agreement

 Exhibit 10.4 
 REGISTRATION RIGHTS AGREEMENT 
 By and among 
 IMPERIAL CAPITAL GROUP, INC. 
 and 
 IMPERIAL CAPITAL GROUP HOLDINGS, LLC 
 and 
 ICGI HOLDINGS,
LLC 
 Dated as of [—], 2010 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 ARTICLE I        DEFINITIONS AND OTHER MATTERS
	  	1
			
	 Section 1.1.
	 	Definitions	  	1
	 Section 1.2.
	 	Definitions Generally	  	4
		
	 ARTICLE II        REGISTRATION RIGHTS
	  	4
			
	 Section 2.1.
	 	Registration	  	4
	 Section 2.2.
	 	Demand Registration	  	6
	 Section 2.3.
	 	Piggyback Registration	  	7
	 Section 2.4.
	 	Lock-Up Agreements	  	9
	 Section 2.5.
	 	Registration Procedures	  	10
	 Section 2.6.
	 	Indemnification by the Company	  	12
	 Section 2.7.
	 	Indemnification by Exercising Covered Person	  	13
	 Section 2.8.
	 	Conduct of Indemnification Proceedings	  	13
	 Section 2.9.
	 	Contribution	  	14
	 Section 2.10.
	 	Participation in Public Offering	  	14
	 Section 2.11.
	 	Other Indemnification	  	14
	 Section 2.12.
	 	Cooperation by the Company	  	15
	 Section 2.13.
	 	No Transfer of Registration Rights	  	15
	 Section 2.14.
	 	Parties in Interest	  	15
	 Section 2.15.
	 	Acknowledgement Regarding the Company	  	15
	 Section 2.16.
	 	Mergers, Recapitalizations, Exchanges or Other Transactions Affecting Registrable Securities	  	15
		
	 ARTICLE III        MISCELLANEOUS
	  	15
			
	 Section 3.1.
	 	Entire Agreement	  	15
	 Section 3.2.
	 	Term of the Agreement; Termination of Certain Provisions	  	15
	 Section 3.3.
	 	Notices	  	16
	 Section 3.4.
	 	Amendment, Modification or Waiver	  	16
	 Section 3.5.
	 	Successors and Assigns; No Third Party Beneficiaries	  	16
	 Section 3.6.
	 	Counterparts	  	17
	 Section 3.7.
	 	Specific Performance	  	17
	 Section 3.8.
	 	Governing Law	  	17

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	 	 	  	Page
	 Section 3.9.
	 	Submission to Jurisdiction; Waivers	  	17
	 Section 3.10.
	 	Interpretation	  	17
	 Section 3.11.
	 	Severability	  	17

  

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 REGISTRATION RIGHTS AGREEMENT 
 This Registration Rights Agreement (this “Agreement”) is made and entered into as of [—], 2010, by and among Imperial Capital Group, Inc., a Delaware corporation (the “Company”), Imperial Capital Group Holdings, LLC, a Delaware limited liability company (“ICGH
LLC”), and ICGI Holdings, LLC, a Delaware limited liability company (“ICGI Holdings,” and together with ICGH LLC, the “Covered Persons”). 
 RECITALS 
 WHEREAS, the Company intends to
consummate an initial public offering (the “IPO”) of shares of its Class A common stock, par value $0.01 per share (the “Common Stock”); 
 WHEREAS, the Company believes that it is in its best interest to increase its ownership of partnership interests of Imperial Capital Group,
L.P. (“ICG LP”) over time and agrees to exchange shares of Common Stock with ICGI Holdings for partnership interests of ICG LP held by ICGI Holdings from time to time, when requested by ICGI Holdings, commencing fourteen
(14) months after consummation of the IPO (an “Exchange”) and thereafter ICGI Holdings shall distribute such shares of Common Stock to its members; 
 WHEREAS, upon consummation of the IPO, ICGH LLC will be a member of ICGI Holdings, will beneficially own a majority of the partnership units of ICG LP held by ICGI Holdings and upon an Exchange will hold
shares of Common Stock; and 
 WHEREAS, the Company desires to grant certain registration rights to ICGH LLC and ICGI Holdings,
for the benefit of its members, with respect to the Common Stock as set forth herein. 
 NOW, THEREFORE, IN CONSIDERATION of the
mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the Covered Persons agree as follows: 
 ARTICLE I 
 DEFINITIONS AND OTHER MATTERS 
 Section 1.1. Definitions. Capitalized terms used in this Agreement
without other definition shall, unless expressly stated otherwise, have the meanings specified in this Section 1.1: 
 (a) “Agreement” has the meaning ascribed to such term in the Preamble. 
 (b) “Common
Stock” has the meaning ascribed to such term in the Recitals. 
 (c) “Company” has the meaning
ascribed to such term in the Recitals. 
 (d) “Covered Persons” has the meaning ascribed to such term in the
Preamble. 

 (e) “Demand Notice” has the meaning ascribed to such term in
Section 2.2(a). 
 (f) “Demand Registration” has the meaning ascribed to such term in
Section 2.2(a). 
 (g) “Exercising Covered Party” has the meaning ascribed to such term in
Section 2.5. 
 (h) “Exchange” has the meaning ascribed to such term in the Recitals. 
 (i) “FINRA” means the Financial Industry Regulatory Authority. 
 (j) “Governmental Authority” means any national, local or foreign (including U.S. federal, state or local) or supranational
(including European Union) governmental, judicial, administrative or regulatory (including self-regulatory) agency, commission, department, board, bureau, entity or authority of competent jurisdiction. 
 (k) “ICGH LLC” has the meaning ascribed to such term in the Preamble. 
 (l) “ICGI Holdings” has the meaning ascribed to such term in the Preamble. 
 (m) “ICG LP” has the meaning ascribed to such term in the Recitals. 
 (n) “Indemnified Parties” has the meaning ascribed to such term in Section 2.6. 
 (o) “IPO” has the meaning ascribed to such term in the Recitals. 
 (p) “Maximum Offering Size” has the meaning ascribed to such term in Section 2.2(c). 
 (q) “Other Shares” has the meaning ascribed to such term in Section 2.1(b). 
 (r) “Piggyback Registration” has the meaning ascribed to such term in Section 2.3(a). 
 (s) “Primary Registrable Securities” has the meaning ascribed to such term in Section 2.1(a). 
 (t) “Primary Registration Statement” has the meaning ascribed to such term in Section 2.1(a). 
 (u) “Proceeding” means a suit, action or proceeding relating to this Agreement. 
 (v) “Public Offering” means an underwritten public offering pursuant to an effective registration statement under the
Securities Act, other than pursuant to a registration statement on Forms S-4 or S-8 or any similar or successor form. 
  

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 (w) “Registration Expenses” means any and all expenses incident to the
performance of or compliance with any registration or marketing of securities, including all (i) registration and filing fees, and all other fees and expenses payable in connection with the listing of securities on any securities exchange or
automated interdealer quotation system, (ii) fees and expenses of compliance with any securities or “blue sky” laws (including reasonable fees and disbursements of counsel in connection with “blue sky” qualifications of the
securities registered), (iii) expenses in connection with the preparation, printing, mailing and delivery of any registration statements, prospectuses and other documents in connection therewith and any amendments or supplements thereto,
(iv) security engraving and printing expenses, (v) internal expenses of the Company (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (vi) reasonable fees
and disbursements of counsel for the Company and customary fees and expenses for independent certified public accountants retained by the Company (including the expenses relating to any comfort letters or costs associated with the delivery by
independent certified public accountants of any comfort letters requested pursuant to Section 2.5(h)), (vii) reasonable fees and expenses of any special experts retained by the Company in connection with such registration,
(viii) reasonable fees and expenses of not more than one counsel for the Exercising Covered Parties (as a group), (ix) fees and expenses in connection with any review by FINRA of the underwriting arrangements or other terms of the
offering, and all fees and expenses of any “qualified independent underwriter,” including the fees and expenses of any counsel thereto, (x) fees and disbursements underwriters customarily paid by issuers or sellers of securities, but
excluding any underwriting fees, discounts and commissions attributable to the sale of the Registrable Securities, (xi) costs of printing and producing any agreements among underwriters, underwriting agreements, any “blue sky” or
legal investment memoranda and any selling agreements and other documents in connection with the offering, sale or delivery of the Registrable Securities, (xii) transfer agents’ and registrars’ fees and expenses and the fees and
expenses of any other agent or trustee appointed in connection with such offering, (xiii) expenses relating to any analyst or investor presentations or any “road shows” undertaken in connection with the registration, marketing or
selling of the Registrable Securities, and (xiv) all out-of-pocket costs and expenses incurred by the Company or its appropriate officers in connection with their compliance with Section 2.5(l). 
 (x) “Registrable Securities” shall mean shares of Common Stock issuable to members of ICGI Holdings (including ICGH LLC) as
a result of an Exchange. 
 (y) “SEC” means the Securities and Exchange Commission. 
 (z) “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder. 
 (aa) “Seller Provided Information” has the meaning ascribed to such term in
Section 2.6. 
 (bb) “Shelf Registrable Securities” has the meaning ascribed to such term in
Section 2.1(b). 
 (cc) “Shelf Registration Statement” has the meaning ascribed to such term in
Section 2.1(b). 
  

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 (dd) “Takedown” has the meaning ascribed to such term in
Section 2.1(d). 
 Section 1.2. Definitions Generally. Wherever required by the context of this
Agreement, the singular shall include the plural and vice versa, and the masculine gender shall include the feminine and neuter genders and vice versa, and references to any agreement, document or instrument shall be deemed to refer to such
agreement, document or instrument as amended, supplemented or modified from time to time. When used herein: 
 (a) the word
“or” is not exclusive; 
 (b) the words “including,” “includes,” “included” and
“include” are deemed to be followed by the words “without limitation”; 
 (c) the terms “herein,”
“hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular section, paragraph or subdivision; 
 (d) the word “person” means any individual, corporation, limited liability company, trust, joint venture, association, company,
partnership or other legal entity or a government or any department or agency thereof or self-regulatory organization; and 
 (e) all section, paragraph or clause references not attributed to a particular document shall be references to such parts of this Agreement, and all exhibit, annex and schedule references not attributed to a particular document shall be
references to such exhibits, annexes and schedules to this Agreement. 
 ARTICLE II 
 REGISTRATION RIGHTS 
 Section 2.1. Registration. 
 (a) Between the date the Company becomes eligible to use a registration
statement on Form S-3 and the date which is fourteen (14) months after the date of the consummation of the IPO, the Company shall prepare and file a registration statement on Form S-3 (the “Primary Registration Statement”) with
the SEC providing for the offering and sale on a primary basis of all Registrable Securities (or such lesser number of Registrable Securities that the Company may determine to be offered and sold on a primary basis) (the “Primary Registrable
Securities”); provided, however, that for purposes of this Section 2.1 Primary Registrable Securities shall not include any Registrable Securities owned by ARCC Imperial LLC or its affiliates; provided further, however, that for
purposes of this Section 2.1 Shelf Registrable Securities shall include Registrable Securities owned by ARCC Imperial LLC or its affiliates. The Company shall use its commercially reasonable efforts to cause the Primary Registration Statement
to be declared effective under the Securities Act as promptly as reasonably practicable following the filing thereof with the SEC, and to keep the Primary Registration Statement continuously effective until the date that all Primary Registrable
Securities have been sold pursuant to the Primary Registration Statement or another registration statement covering the remaining Primary Registrable Securities is filed under the Securities Act;

  

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except that the Company shall not be obligated to take any action to keep the Primary Registration Statement continuously effective pursuant to this Section 2.1(a) and may
suspend the use of the prospectus included therein, on one occasion, pursuant to Section 2.1(b), Section 2.2(d) or this Section 2.1(a), upon notice to ICGI Holdings, during any period of six consecutive
months for a reasonable time specified in the notice but not exceeding an aggregate of 120 days (which period may not be extended or renewed), if the Company is in possession of material non-public information the disclosure of which during the
period specified in such notice the Company believes in good faith would not be in the best interests of the Company. 
 (b) To
the extent that the Company is unable to effect the registration of all Primary Registrable Securities on a Primary Registration Statement prior to the fourteen (14) month anniversary of the date of the consummation of the IPO, the Company
shall prepare and file a “shelf” registration statement on Form S-3 or other appropriate form (the “Shelf Registration Statement”) with the SEC providing for the offering and subsequent resale of, on a delayed or
continuous basis pursuant to Rule 415 (or any similar provision that may be adopted by the SEC) under the Securities Act, the number of Registrable Securities (other than Primary Registrable Securities) that the members of ICGI Holdings (including
ICGH LLC and ARCC Imperial LLC) may receive from the Company during the three year period following the anticipated time of effectiveness of such Shelf Registration Statement (the “Shelf Registrable Securities”). The Company shall
use its commercially reasonable efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act as promptly as reasonably practicable following the filing thereof with the SEC, and to keep the Shelf Registration
Statement continuously effective until the date that all Shelf Registrable Securities have been sold pursuant to the Shelf Registration Statement or another registration statement covering the remaining Shelf Registrable Securities is filed under
the Securities Act; except that the Company shall not be obligated to take any action to effect any such registration or to keep the Shelf Registration Statement continuously effective pursuant to this Section 2.1(b) and may suspend the
use of the prospectus included therein, on one occasion, pursuant to Section 2.1(a), Section 2.2(d) or this Section 2.1(b), upon notice to ICGI Holdings, during any period of six consecutive months for a
reasonable time specified in the notice but not exceeding an aggregate of 120 days (which period may not be extended or renewed), if (i) the Company shall determine in good faith that effecting the registration would materially and adversely
affect an offering of securities of the Company the preparation of which had then been commenced or (ii) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice the
Company believes in good faith would not be in the best interests of the Company. The Shelf Registration Statement filed pursuant to this Section 2.1(b) may, subject to the provisions of Section 2.2(c), include other
securities of the Company with respect to which registration rights have been or may be granted, and may include securities being sold for the account of the Company (collectively, “Other Shares”). While the Company will not be
obligated to effect any registration pursuant to this Section 2.1(b) if the Company is not then eligible to use Form S-3 to effect such registration, it shall be obligated to comply with the provisions of this Section 2.1(b)
as soon as practicable following the fourteen (14) month anniversary of the consummation of the IPO upon becoming Form S-3 eligible. 
 (c) If at least three years have elapsed since the Shelf Registration Statement was declared effective by the SEC, at the end of the third year, if requested by ICGI Holdings, the Company shall use its
reasonable best efforts to promptly refile a new shelf registration statement on Form S-3 pursuant to Rule 415 covering any Registrable Securities which remain unsold. 
  

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 (d) Upon a written request from ICGH LLC to effect an offering under the Primary
Registration Statement or the Shelf Registration Statement (a “Takedown”), the Company will, as soon as practicable, (x) deliver a request notice relating to the proposed Takedown to ICGI Holdings and (y) promptly (and in
any event not later than thirty (30) days after receiving ICGH LLC’s request) supplement the prospectus included in the Primary Registration Statement or Shelf Registration Statement, as applicable, as would permit or facilitate the sale
and distribution of all or such portion of ICGH LLC’s Registrable Securities as are specified in such request together with the Registrable Securities requested to be included in such Takedown by members of ICGI Holdings, on whose behalf ICGI
Holdings shall notify the Company in writing within ten (10) business days after receipt of such request notice from the Company. The Registrable Securities requested to be offered pursuant to such Takedown must have an anticipated aggregate
price to the public (before any underwriting discounts and commissions) of not less than $[        ] million. If the Company and/or the holders of any Other Shares request inclusion of Other Shares in a
Takedown, such Other Shares shall be included in the Takedown if, and only if, inclusion of such Other Shares would not be reasonably likely to delay in any material respect the timely effectuation of the Takedown or the sale of Registrable
Securities pursuant to the Takedown. In the case of a request for or effectuation of a Takedown, all references in this Agreement to the effective date of a registration statement shall be deemed to refer to the date of pricing of such Takedown and
all references to registration shall be deemed to refer to the Takedown. 
 (e) The Company shall pay all Registration Expenses
for the registrations permitted under Section 2.1. 
 Section 2.2. Demand Registration. 
 (a) To the extent that no Primary Registration Statement or Shelf Registration Statement registering all Registrable Securities which are
held by ICGI Holdings or its members or which are then eligible to be issued upon an Exchange is effective, ICGH LLC shall have the right at any time on or following the fourteen (14) month anniversary of the IPO to deliver a written request to
the Company (a “Demand Notice”) requiring that it effect the registration under the Securities Act of all or any portion of the Registrable Securities specified in the Demand Notice provided that the Demand Notice covers the
registration of Registrable Securities with estimated aggregate gross proceeds in excess of $[        ] million (a “Demand Registration”) and specifies the intended method of
disposition of the Registrable Securities subject of the Demand Notice. Upon receipt of a Demand Notice, the Company shall use its commercially reasonable efforts to effect, as expeditiously as reasonably practicable, subject to the restrictions in
Section 2.2(d), the registration under the Securities Act of the Registrable Securities for which ICGH LLC has requested registration under this Section 2.2, (or such larger number of Registrable Securities of ICGH LLC as the
Company shall determine in its discretion to include in such Demand Registration), all to the extent necessary to permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be
registered. For so long as no Primary Registration Statement or Shelf Registration Statement registering all Registrable Securities which are held by ICGI Holdings or its members or which

  

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are then eligible to be issued upon an Exchange is effective, ICGH LLC shall be entitled to an unlimited number of Demand Registrations pursuant to this Section 2.2; provided, that
(i) the Company shall not be obligated to effect more than one demand registration during any six-month period, and (ii) the Company shall not be obligated to effect a Demand Registration in the event that a Piggyback Registration (as
defined below) had been available to ICGH LLC and consummated within the 90 days preceding the date of the Demand Notice. 
 (b)
At any time prior to the effective date of the registration statement relating to such registration, ICGH LLC may revoke such Demand Registration request by providing a notice to the Company revoking such request. The Company shall be liable for and
pay all Registration Expenses in connection with any Demand Registration. 
 (c) If a Demand Registration or a Takedown involves
a Public Offering and the managing underwriter advises the Company and ICGH LLC that, in its view, the number of Registrable Securities requested to be included in such registration exceeds the largest number of shares that can be sold without
having an adverse effect on such offering, including the price at which such shares can be sold (the “Maximum Offering Size”), the Company shall include in such registration a number of Registrable Securities equal to the Maximum
Offering Size, in the following order of priority: 
 (i) first, all Registrable Securities requested to be
registered in such Demand Registration or Takedown, allocated, if necessary for the offering to not exceed the Maximum Offering Size, pro rata among the members of ICGI Holdings (including members participating in a Demand Registration pursuant to a
Piggyback Registration described in Section 2.3) on the basis of the relative number of shares of the Registrable Securities requested to be included in such registration; and 
 (ii) second, any securities proposed to be registered by the Company or any securities proposed to be registered for the
account of any other persons, with such priorities among them as the Company shall determine. 
 (d) Upon notice to ICGH LLC, on
one occasion, pursuant to Section 2.1(a), Section 2.1(b) or this Section 2.2(d),during any period of six consecutive months for a reasonable time specified in the notice but not exceeding an aggregate of 120 days
(which period may not be extended or renewed), the Company may postpone effecting a registration if (i) the Company shall determine in good faith that effecting the registration would materially and adversely affect an offering of securities of
the Company the preparation of which had then been commenced or (ii) the Company is in possession of material non-public information the disclosure of which during the period specified in such notice the Company believes in good faith would not
be in the best interests of the Company. 
 Section 2.3. Piggyback Registration. 
 (a) Subject to any contractual obligations to the contrary, if the Company proposes at any time to register any of the equity securities
issued by it under the Securities Act (other than a registration on Form S-8 or S-4, or any successor forms, relating to shares of Common Stock issuable in connection with any employee benefit or similar plan of the

  

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Company or in connection with a direct or indirect acquisition by the Company of another Person or as a recapitalization or reclassification of securities of the Company), whether or not for sale
for its own account, the Company shall each such time give prompt notice at least 15 business days prior to the anticipated filing date of the registration statement relating to such registration to ICGI Holdings which notice shall set forth the
rights of the members if ICGI Holdings under this Section 2.3 and shall offer the members of ICGI Holdings the opportunity to include in such registration statement the number of Registrable Securities of the same class or series as
those proposed to be registered as the members of ICGI Holdings may request (a “Piggyback Registration”), subject to the provisions of Section 2.3(b) or, in the case of a Demand Registration, Section 2.2(c).
Upon the request of ICGI Holdings on behalf of the members of ICGI Holdings made within ten business days after the receipt of notice from the Company (which request shall specify the number of Registrable Securities intended to be registered by the
members of ICGI Holdings), the Company shall use its commercially reasonable efforts to effect the registration under the Securities Act of all the Registrable Securities that the Company has been so requested to register by ICGI Holdings to the
extent necessary to permit the disposition of the Registrable Securities so to be registered, provided that (i) if such registration involves a Public Offering, each member of ICGI Holdings participating in the registration must sell its
Registrable Securities to the underwriters selected by the Company on the same terms and conditions as apply, as applicable, to the Company or such other person for whose account such registration is being effected, and (ii) if, at any time
after giving notice of its intention to register any securities pursuant to this Section 2.3(a) and prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any
reason not to register such securities, the Company shall give notice to ICGI Holdings and, thereupon, shall be relieved of its obligation to register any of the Registrable Securities in connection with such Piggyback Registration. No registration
effected under this Section 2.3 shall relieve the Company of its obligations to effect a Shelf Registration to the extent required by Section 2.1(b) or a Demand Registration to the extent required by Section 2.2.
The Company shall pay all Registration Expenses in connection with each Piggyback Registration. Notwithstanding any provision in this Section 2.3(a) or elsewhere in this Agreement, all registration rights effected pursuant to a Takedown
shall be governed by Section 2.1(d). 
 (b) Subject to any contractual obligations to the contrary and except as
provided in Section 2.3(c), if a Piggyback Registration involves a Public Offering and the managing underwriter advises the Company that, in its view, the number of securities that the Company and the members of ICGI Holdings intend to include
in such registration exceeds the Maximum Offering Size, the Company shall include in such registration a number of Registrable Securities equal to the Maximum Offering Size, in the following order of priority: 
 (i) first, all securities proposed to be registered for the account of the Company; 
 (ii) second, all securities proposed to be registered pursuant to any demand registration rights of third parties, other than
pursuant to a Demand Registration; 
 (iii) third, all Registrable Securities requested to be included in such
registration by the members of ICGI Holdings (including ICGH LLC), pro rata in accordance with the number of Registrable Securities that such members have requested be included in the registration, regardless of the number of securities held by such
members; and 
  

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 (iv) fourth, any securities proposed to be registered for the account of any
other Persons with such priorities among them as the Company shall determine. 
 (c) In the event of a Piggyback Registration on
a Demand Registration which involves a Public Offering in which the number of securities proposed to be registered exceeds the Maximum Offering Size, Section 2.2(c) rather than Section 2.3(b) shall determine the priority of
securities to be included in such registration. 
 (d) Notwithstanding any provision in this Section 2.3 or
elsewhere in this Agreement, no provision relating to the registration of the Registrable Securities shall be construed as permitting the members of ICGI Holdings to effect a transfer of securities that is otherwise prohibited by the terms of any
agreement between ICGI Holdings or its members and the Company or any of its subsidiaries (including Imperial Capital Group, L.P.). The Company shall not be obligated to provide notice or afford Piggyback Registration to ICGI Holdings pursuant to
this Section 2.3 unless some or all of the Registrable Securities are permitted to be transferred under the terms of applicable agreements between ICGI Holdings or its members and the Company or any of its subsidiaries. 
 Section 2.4. Lock-Up Agreements. If any registration of the Registrable Securities shall be effected in connection with a Public
Offering, neither the Company nor any member of ICGI Holdings (including ICGH LLC) shall effect any public sale or distribution, including any sale pursuant to Rule 144, of any shares of Common Stock or other security of the Company (except as part
of such Public Offering) during the period beginning 14 days prior to the effective date of the applicable registration statement until the earlier of (i) such time as the Company and the lead managing underwriter shall agree and (ii) 90
days following the effective date of the applicable registration statement. If (i) during the last 17 days of the 90-day period, the Company issues an earnings release or material news or a material event relating to the Company occurs or
(ii) prior to the expiration of the 90-day period, the Company announces that it will release earnings results or becomes aware that material news or a material event will occur during the 16-day period beginning on the last day of the 90-day
lock-up period, the restrictions imposed shall continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event, as applicable, unless the lead
underwriter shall waive such extension. 
  

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 Section 2.5. Registration Procedures. In the event a Covered Person properly
exercises its rights under this Article II (on each occurrence, an “Exercising Covered Person”), subject to the provisions of the applicable sections of Article II, the Company shall use its commercially reasonable
efforts to effect the registration and the sale of the Registrable Securities, in accordance with the intended method of disposition thereof as promptly as practicable, and, in connection with any such request (to the extent applicable, in the case
of a registration pursuant to Section 2.1): 
 (a) The Company shall as expeditiously as reasonably practicable
prepare and file with the SEC a registration statement on any form for which the Company then qualifies or that counsel for the Company shall deem appropriate and which form shall be available for the sale of the Registrable Securities to be
registered thereunder in accordance with the intended method of distribution thereof, and use its commercially reasonable efforts to cause such filed registration statement to become and remain effective, until all of the Registrable Securities
included in such registration statement shall have actually been sold thereunder. The Company in its sole discretion may condition the inclusion of Registrable Securities in a registration upon the timely provision by a holder selling Registrable
Securities in such registration of such information as the Company may reasonably request relating to the disclosure requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such registration). 

(b) Prior to filing a registration statement or prospectus or any amendment or supplement thereto, the Company shall, if requested,
furnish to an Exercising Covered Person and each underwriter, if any, of the Registrable Securities covered by such registration statement, copies of such registration statement as proposed to be filed, and thereafter the Company shall furnish to an
Exercising Covered Person and underwriter, if any, such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the
prospectus included in such registration statement (including each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424 or Rule 430A under the Securities Act and such other documents as an Exercising
Covered Person or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities subject to registration. An Exercising Covered Person shall have the right to request that the Company modify any information
contained in such registration statement, amendment and supplement thereto pertaining to an Exercising Covered Person or its members and the Company shall use its all commercially reasonable efforts to comply with such request, provided, however,
that the Company shall not have any obligation so to modify any information if the Company reasonably expects that so doing would cause the prospectus to contain an untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein not misleading. 
 (c) After the filing of the registration
statement, the Company shall (i) cause the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of
the Securities Act with respect to the disposition of all the Registrable Securities covered by such registration statement during the applicable period in accordance with the intended methods of disposition by the Exercising Covered Person or its
members, as applicable, set forth in such registration statement or supplement to such prospectus and (iii) promptly notify the Exercising Covered Person of any stop order issued or threatened by the SEC or any state securities commission and
take all reasonable best efforts to prevent the entry of such stop order or to remove it if entered. 
 (d) The Company shall
use its commercially reasonable best efforts to (i) register or qualify the Registrable Securities covered by such registration statement under such other securities or “blue sky” laws of such jurisdictions in the United States as the
Exercising

  

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Covered Person or its members, as applicable, reasonably (in light of the intended plan of distribution of the Exercising Covered Person or its members, as applicable,) requests and
(ii) cause such Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things
that may be reasonably necessary or advisable to enable an Exercising Covered Person or its members, as applicable, to consummate the disposition of the Registrable Securities owned by such Exercising Covered Person or its members, as applicable,
provided that the Company shall not be required to (A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 2.5(d), (B) subject itself to taxation in any
such jurisdiction or (C) consent to general service of process in any such jurisdiction. 
 (e) The Company shall
immediately notify an Exercising Covered Person, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the occurrence of an event requiring the preparation of a supplement or amendment to such
prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements therein not misleading and promptly prepare and make available to an Exercising Covered Person and file with the SEC any such supplement or amendment. 
 (f) The Company shall select an underwriter or underwriters in connection with any Public Offering; provided that, in the event of a Takedown or a Demand Registration, such underwriter or underwriters
shall be reasonably acceptable to ICGH LLC. In connection with any Public Offering, the Company shall enter into customary agreements (including an underwriting agreement in customary form) and take such all other actions as are reasonably required
in order to expedite or facilitate the disposition of such Registrable Securities in any such Public Offering, including, to the extent necessary, the engagement of a “qualified independent underwriter” in connection with the qualification
of the underwriting arrangements with FINRA. 
 (g) Subject to the execution of confidentiality agreements satisfactory in form
and substance to the Company in the exercise of its good faith judgment, the Company will give to ICGH LLC, its counsel and accountants (i) reasonable and customary access to its books and records and (ii) such opportunities to discuss the
business of the Company with its directors, officers, employees, counsel and the independent public accountants who have certified its financial statements, as shall be appropriate, in the reasonable judgment of counsel to ICGH LLC, to enable it to
exercise its due diligence responsibility. 
 (h) The Company shall use its commercially reasonable efforts to furnish to an
Exercising Covered Person and to each such underwriter, if any, a signed counterpart, addressed to such Exercising Covered Person or such underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or
comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the kind customarily covered by opinions or comfort letters, as the case may be, as such Exercising Covered Person therefor
reasonably requests. 
  

 - 11 - 

 (i) An Exercising Covered Person shall promptly furnish in writing to the Company such
information regarding the distribution of the Registrable Securities as the Company may from time to time reasonably request and such other information as may be legally required or advisable in connection with such registration. 
 (j) An Exercising Covered Person agrees that, upon receipt of any notice from the Company of the happening of any event of the kind
described in Section 2.5(e), an Exercising Covered Person shall forthwith discontinue disposition of the Registrable Securities pursuant to the registration statement covering such Registrable Securities (and will notify its members who
are disposing of Registrable Securities pursuant to such registration statement to discontinue such disposition), until such Exercising Covered Person’s receipt and distribution to its members, as applicable, of the copies of the supplemented
or amended prospectus contemplated by Section 2.5(e), and, if so directed by the Company, such Exercising Covered Person shall deliver to the Company all copies, other than any permanent file copies, then in such Exercising Covered
Person or its members’ possessions, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall extend the period during which such
registration statement shall be maintained effective (including the period referred to in Section 2.5(a)) by the number of days during the period from and including the date of the giving of notice pursuant to Section 2.5(e)
to the date when the Company shall make available to such Exercising Covered Person a prospectus supplemented or amended to conform with the requirements of Section 2.5(e). 
 (k) The Company shall use its commercially reasonable efforts to list all Registrable Securities covered by such registration statement on
any securities exchange or quotation system on which any of the Registrable Securities are then listed or traded. 
 (l) The
Company shall have appropriate officers of the Company (i) prepare and make presentations at any “road shows” and before analysts, as the case may be, and (ii) otherwise use their commercially reasonable efforts to cooperate as
reasonably requested by the underwriters in the offering, marketing or selling of the Registrable Securities. 
 Section 2.6. Indemnification by the Company. In the event of any registration of any securities of the Company under the Securities Act pursuant to this Article II, the Company will, and it hereby does, indemnify and hold
harmless, to the extent permitted by law, an Exercising Covered Person, its affiliates and its members and managing members (including any director, officer, affiliate, employee, agent and controlling Person of any of the foregoing), each other
person who participates as an underwriter in the offering or sale of such securities and each other person, if any, who controls such seller or any such underwriter within the meaning of the Securities Act (collectively, the “Indemnified
Parties”), against any and all losses, claims, damages or liabilities, joint or several, and expenses (including reasonable attorney’s fees and reasonable expenses of investigation) to which such Indemnified Party may become subject
under the Securities Act, common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof, whether or not such Indemnified Party is a party thereto) arise out of or are based upon
(i) any untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such securities were registered under the Securities Act, any preliminary, final or summary prospectus contained
therein, or any amendment or supplement thereto, or (ii) any omission or alleged omission to

  

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state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under which they were made) not
misleading, and the Company will reimburse such Indemnified Party for any legal or any other expenses reasonably incurred by it in connection with investigating or defending against any such loss, claim, liability, action or proceeding; provided,
that the Company shall not be liable to any Indemnified Party in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon any untrue statement or
alleged untrue statement or omission or alleged omission made in such registration statement or amendment or supplement thereto or in any such preliminary, final or summary prospectus in reliance upon and in conformity with written information
related to a seller furnished to the Company by such seller in its capacity as a selling stockholder through an instrument duly executed by such seller specifically stating that it is for use in the preparation thereof (“Seller Provided
Information”). 
 Section 2.7. Indemnification by Exercising Covered Person. The Company may require, as a
condition to including any Registrable Securities in any registration statement filed in accordance with this Article II, that the Company shall have received an undertaking reasonably satisfactory to it from an Exercising Covered Person or
any underwriter to indemnify and hold harmless the Company and all other prospective sellers of the Registrable Securities with respect to any untrue statement or alleged untrue statement in or omission or alleged omission from such registration
statement, any preliminary, final or summary prospectus contained therein, or any amendment or supplement, if such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with Seller
Provided Information supplied by such Exercising Covered Person (or in the case of ICGI Holdings, its members). Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Company or an Exercising
Covered Person, or any of their respective affiliates, directors, officers or controlling persons and shall survive the transfer of such securities by such person. In no event shall the liability of an Exercising Covered Person (or a member of an
Exercising Covered Party) hereunder be greater in amount than the dollar amount of the proceeds received by such Exercising Covered Person (or such member of an Exercising Covered Party) upon the sale of the Registrable Securities giving rise to
such indemnification obligation. 
 Section 2.8. Conduct of Indemnification Proceedings. Promptly after receipt by
an Indemnified Party hereunder of written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Article II, such Indemnified Party will, if a claim in respect
thereof is to be made against an indemnifying party, give written notice to the latter of the commencement of such action; provided, that the failure of the Indemnified Party to give notice as provided herein shall not relieve the indemnifying party
of its obligations under this Article II, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an Indemnified Party, unless in such Indemnified
Party’s reasonable judgment a conflict of interest between such Indemnified Party and indemnifying parties may exist in respect of such claim, the indemnifying party will be entitled to participate in and to assume the defense thereof, jointly
with any other indemnifying party similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such Indemnified Party, and after notice from the indemnifying party to such Indemnified Party of its election so to assume
the defense thereof,

  

 - 13 - 

 
the indemnifying party will not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than
reasonable costs of investigation. No indemnifying party will consent to entry of any judgment or enter into any settlement which 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. 
 Section 2.9. Contribution. If the
indemnification provided for in this Article II from the indemnifying party is unavailable to an Indemnified Party hereunder in respect of any losses, claims, damages, liabilities or expenses referred to herein, then the indemnifying party,
in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the
relative fault of the indemnifying party and Indemnified Parties in connection with the actions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of
such indemnifying party and Indemnified Parties shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact, has been made by, or relates to information supplied by, such indemnifying party or Indemnified Parties, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The
amount paid or payable by a party under this Section 2.9 as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such
party in connection with any investigation or proceeding. 
 The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 2.9 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. No
person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 Section 2.10. Participation in Public Offering. A Covered Person (and each of its members in the case of ICGI Holdings) may not
participate in any Public Offering hereunder unless it (a) agrees to sell its securities on the basis provided in any underwriting arrangements approved by such Covered Person, (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements and the provisions of this Agreement in respect of registration rights, and (c) in the case of a member of
ICGI Holdings, provides indemnity to ICGI Holdings substantially similar to that which is described in Section 2.7 for such member’s Seller Provided Information. 
 Section 2.11. Other Indemnification. Indemnification similar to that specified herein (with appropriate modifications) shall be
given by the Company and each Covered Person participating therein with respect to any required registration or other qualification of securities under any federal or state law or regulation or Governmental Authority other than the Securities Act.

  

 - 14 - 

 Section 2.12. Cooperation by the Company. If a Covered Person or a member
thereof shall transfer any Registrable Securities pursuant to Rule 144, the Company shall use its commercially reasonable efforts to cooperate with such Covered Person or member thereof and shall provide to such Covered Person or member thereof such
information as it shall reasonably request. 
 Section 2.13. No Transfer of Registration Rights. Except as set forth
in Section 2.14, none of the rights of any Covered Person (or its members) under this Article II shall be assignable by it to any person acquiring securities. 
 Section 2.14. Parties in Interest. Each Covered Person (and each of its members in the case of ICGI Holdings) shall be entitled
to receive the benefits of this Agreement and shall be bound by the terms and provisions of this Agreement by reason of its election to participate in a registration under this Article II. To the extent Registrable Securities or membership
units of ICGI Holdings are effectively transferred in accordance with the terms of the operating agreement of a Covered Person, the transferee of such Registrable Securities shall be entitled to receive the benefits of this Agreement and shall be
bound by the terms and provisions of this Agreement. 
 Section 2.15. Acknowledgement Regarding the Company. All
determinations necessary or advisable under this Article II shall be made by the Company, the determinations of which shall be final and binding. 
 Section 2.16. Mergers, Recapitalizations, Exchanges or Other Transactions Affecting Registrable Securities. The provisions of this Agreement shall apply to the full extent set forth herein
with respect to the Registrable Securities, to any and all securities or capital stock of the Company or any successor or assign of any such person (whether by merger, amalgamation, consolidation, sale of assets or otherwise) that may be issued in
respect of, in exchange for, or in substitution of such Registrable Securities, by reason of any dividend, split, issuance, reverse split, combination, recapitalization, reclassification, merger, amalgamation, consolidation or otherwise. 

ARTICLE III 
 MISCELLANEOUS 
 Section 3.1. Entire Agreement. This Agreement shall constitute the entire agreement
among the parties hereto with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings with respect to such subject matter. 
 Section 3.2. Term of the Agreement; Termination of Certain Provisions. 
 (a) The term of this Agreement shall continue until the first to occur of (i) such time as a Covered Person or any of its members ceases
to hold any Registrable Securities and (ii) such time as the Agreement is terminated in writing by both Covered Persons. In the event the Agreement is terminated in writing by one Covered Person, such termination shall only terminate the
Agreement with respect to the rights and obligations of such Covered Person hereunder. 
  

 - 15 - 

 (b) Unless this Agreement is theretofore terminated pursuant to Section 3.2(a)
hereof, the Covered Persons shall be bound by the provisions of this Agreement with respect to any of its Registrable Securities until such time as such Covered Person ceases to hold any Registrable Security. Thereafter, such Covered Person shall no
longer be bound by the provisions of this Agreement other than Sections 2.6, 2.7, 2.8, 2.9 and 2.11 and Article III. 
 Section 3.3. Notices. All notices, consents, waivers and other communications required or permitted by this Agreement shall be in writing and shall be deemed given to a party hereunder when
(a) delivered to the appropriate address by hand or by nationally recognized overnight courier service (costs prepaid); (b) sent by facsimile with confirmation of transmission by the transmitting equipment; or (c) received or rejected
by the addressee, if sent by certified mail, return receipt requested, in each case to the following addresses and facsimile numbers and marked to the attention of the person (by name or title) designated below (or to such other address, facsimile
number or person as a Party may designate by notice to the other Parties): 
 If to the Company, ICGH LLC or ICGI Holdings:

 2000 Avenue of the Stars 
 9th Floor, South Tower 
 Los Angeles, California 90067 
 Attention: Jason Reese 
 Fax: (310) 777-3029 
 Section 3.4. Amendment, Modification or Waiver. 
 (a) This Agreement may be amended, modified, waived or supplemented only by a written agreement signed by the Company, ICGH LLC and ICGI
Holdings; provided, however, that any amendment, modification, waiver or supplement to Section 2.1(d) or Section 2.2 shall be signed exclusively by ICGH LLC and any amendment, modification, waiver or supplement to
Section 2.3 shall be signed by exclusively by ICGI Holdings unless such amendment, modification, waiver or supplement has the effect of making such obligations materially more onerous to the Company, in which case Company approval shall
be required. 
 (b) No failure or delay on the part of the Company or the Covered Persons in the exercise of any right hereunder
shall impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude other or further exercise thereof or
of any other right. The waiver by any party hereto of any breach of this Agreement shall not be construed as a waiver of any subsequent breach. 
 Section 3.5. Successors and Assigns; No Third Party Beneficiaries. 
 (a) This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their successors and permitted assigns, and except as provided in Section 2.14, neither this Agreement
nor any of the rights, interests and obligations hereunder shall be assigned or otherwise transferred, in whole or in part, by any party without the prior written consent of each of the parties. 
  

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 (b) Other than as expressly provided herein, this Agreement is solely for the benefit of the
parties and is not intended to confer upon any other persons any rights or remedies hereunder. 
 Section 3.6.
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 Section 3.7. Specific Performance. The parties acknowledge and agree that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent or cure breaches of the
provisions of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which they may be entitled by law or equity. 
 Section 3.8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware (other than the laws regarding choice of laws and conflicts of laws that would apply the substantive laws of any other jurisdiction) as to all matters, including matters of validity, construction, effect, performance and remedies.

 Section 3.9. Submission to Jurisdiction; Waivers. With respect to any Proceeding, each party irrevocably
(i) consents and submits to the exclusive jurisdiction of the courts of the State of Delaware and any court of the U.S. located in the State of Delaware; (ii) waives any objection which such party may have at any time to the laying of
venue of any Proceeding brought in any such court, waives any claim that such Proceeding has been brought in an inconvenient forum and further waives the right to object, with respect to such Proceeding, that such court does not have jurisdiction
over such Party; (iii) consents to the service of process at the address set forth for notices in Section 3.3 herein; provided, however, that such manner of service of process shall not preclude the service of process in any other
manner permitted under applicable law; and (iv) waives, to the fullest extent permitted by applicable law, any and all rights to trial by jury in connection with any Proceeding. 
 Section 3.10. Interpretation. The Article and Section headings contained in this Agreement are solely for the purpose of
reference, are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of this Agreement. 
 Section 3.11. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any applicable rule of law or public policy, all other
conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as
possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible. 
  

 - 17 - 

 IN WITNESS WHEREOF, the parties hereto have duly executed or caused to be duly executed this
Agreement as of the dates indicated. 
  

			
	IMPERIAL CAPITAL GROUP, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	IMPERIAL CAPITAL GROUP HOLDINGS, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	ICGI HOLDINGS, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 - 18 -

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