Document:

Asset Purchase Agreement

 Exhibit 10.4 

 
  

 
 ASSET PURCHASE AGREEMENT

 BY AND AMONG 
 MERCURY MARQUIS HOLDINGS, LLC, 
 THE “COMPANY,” 

AND 
 ZAYO
COLOCATION, INC., 
 “BUYER” 
 DATED AS OF DECEMBER 30, 2011 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1 CERTAIN DEFINITIONS
	  	 	1	  
	           Section 1.1
	 	 Certain Definitions
	  	 	1	  
		
	 ARTICLE 2 PURCHASE AND SALE
	  	 	9	  
	           Section 2.1
	 	 Sale of Assets; Related Transactions
	  	 	9	  
	           Section 2.2
	 	 Excluded Assets
	  	 	11	  
	           Section 2.3
	 	 Assumed Liabilities; Excluded Liabilities
	  	 	11	  
	           Section 2.4
	 	 Purchase Price.
	  	 	12	  
	           Section 2.5
	 	 Adjustment to the Purchase Price
	  	 	13	  
	           Section 2.6
	 	 Escrow
	  	 	15	  
	           Section 2.7
	 	 Closing; Closing Deliveries
	  	 	16	  
	           Section 2.8
	 	 Third-Party Consents
	  	 	17	  
	           Section 2.9
	 	 Sales Taxes
	  	 	18	  
	           Section 2.10
	 	 Bulk Transfer Laws
	  	 	18	  
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY
	  	 	18	  
	           Section 3.1
	 	 Organization and Qualification
	  	 	18	  
	           Section 3.2
	 	 Authority
	  	 	18	  
	           Section 3.3
	 	 Company Financial Statements
	  	 	19	  
	           Section 3.4
	 	 Consents and Approvals; No Violations
	  	 	19	  
	           Section 3.5
	 	 Significant Contracts
	  	 	20	  
	           Section 3.6
	 	 Absence of Changes
	  	 	21	  
	           Section 3.7
	 	 Litigation
	  	 	21	  
	           Section 3.8
	 	 Compliance with Applicable Law
	  	 	21	  
	           Section 3.9
	 	 Environmental Matters
	  	 	21	  
	           Section 3.10
	 	 Intellectual Property
	  	 	21	  
	           Section 3.11
	 	 Insurance
	  	 	22	  
	           Section 3.12
	 	 Tax Matters
	  	 	22	  
	           Section 3.13
	 	 Company Brokers
	  	 	23	  
	           Section 3.14
	 	 Real Property
	  	 	23	  
	           Section 3.15
	 	 Customers and Suppliers
	  	 	24	  
	           Section 3.16
	 	 Accounts Receivable
	  	 	24	  
	           Section 3.17
	 	 Personal Property
	  	 	24	  
	           Section 3.18
	 	 Employees
	  	 	24	  
	           Section 3.19
	 	 Assets to Operate Business
	  	 	25	  
	           Section 3.20
	 	 Exclusivity of Representations and Warranties
	  	 	25	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF BUYER
	  	 	25	  
	           Section 4.1
	 	 Organization
	  	 	25	  
	           Section 4.2
	 	 Authority
	  	 	25	  
	           Section 4.3
	 	 Consents and Approvals; No Violations
	  	 	26	  
	           Section 4.4
	 	 Brokers
	  	 	26	  
	           Section 4.5
	 	 Acknowledgement by Buyer
	  	 	26	  

  
 i 

							
	           Section 4.6
	 	 Exclusivity of Representations and Warranties
	  	 	26	  
		
	 ARTICLE 5 COVENANTS
	  	 	27	  
	           Section 5.1
	 	 Tax Matters
	  	 	27	  
	           Section 5.2
	 	 Public Announcements
	  	 	27	  
	           Section 5.3
	 	 Documents and Information
	  	 	28	  
	           Section 5.4
	 	 Non-Solicitation of Employees; Non-Competition
	  	 	28	  
	           Section 5.5
	 	 Confidentiality
	  	 	29	  
	           Section 5.6
	 	 Post-Closing Turnover of Proceeds and Assets Received by Company and Other Obligations
	  	 	30	  
	           Section 5.7
	 	 Post-Closing Payment of Assumed Liabilities by Buyer
	  	 	30	  
	           Section 5.8
	 	 Transition Assistance for Microsoft Dynamic Software Data Transfer
	  	 	30	  
		
	 ARTICLE 6 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION
	  	 	30	  
	           Section 6.1
	 	 Survival of Representations, Warranties and Covenants
	  	 	30	  
	           Section 6.2
	 	 General Indemnification
	  	 	31	  
	           Section 6.3
	 	 Indemnification Procedure for Third Party Claims
	  	 	31	  
	           Section 6.4
	 	 Indemnification Procedure for Non-Third Party Claims
	  	 	33	  
	           Section 6.5
	 	 Limitations on Indemnification Obligations.
	  	 	33	  
	           Section 6.6
	 	 Exclusive Remedy; First Recourse to Indemnification Escrow
	  	 	34	  
	           Section 6.7
	 	 Manner of Payment
	  	 	34	  
		
	 ARTICLE 7 MISCELLANEOUS
	  	 	34	  
	           Section 7.1
	 	 Entire Agreement; Assignment
	  	 	34	  
	           Section 7.2
	 	 Notices
	  	 	35	  
	           Section 7.3
	 	 Governing Law
	  	 	36	  
	           Section 7.4
	 	 Fees and Expenses
	  	 	36	  
	           Section 7.5
	 	 Construction; Interpretation
	  	 	36	  
	           Section 7.6
	 	 Exhibits and Schedules
	  	 	37	  
	           Section 7.7
	 	 Parties in Interest
	  	 	37	  
	           Section 7.8
	 	 Severability
	  	 	37	  
	           Section 7.9
	 	 Counterparts; Scanned Signatures
	  	 	37	  
	           Section 7.10
	 	 Knowledge of the Company
	  	 	38	  
	           Section 7.11
	 	 Limitation on Damages
	  	 	38	  
	           Section 7.12
	 	 Jurisdiction and Venue
	  	 	38	  
	           Section 7.13
	 	 Amendment; Waiver
	  	 	38	  
	           Section 7.14
	 	 Specific Performance
	  	 	39	  
	           Section 7.15
	 	 Waiver of Jury Trial
	  	 	39	  
	           Section 7.16
	 	 Nonbinding Mediation/Binding Arbitration
	  	 	39	  

  
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 SCHEDULES 
 List to be supplied. 
 EXHIBITS 

 

					
			
	A	  	—	 	Spreadsheet for Proposed Closing Statement
			
	B	  	—	 	Accounting Principles
			
	C	  	—	 	Escrow Agreements (Indemnification Escrow (C-1) and Customer Renewal Escrow (C-2)
			
	D	  	—	 	Assignment and Assumption Agreement (D-1) and Bill of Sale (D-2)
			
	E	  	—	 	Assignment and Assumption of Lease

 ASSET PURCHASE AGREEMENT 

This ASSET PURCHASE AGREEMENT, dated as of December 30, 2011 (this “Agreement”), is entered into by and among
MERCURY MARQUIS HOLDINGS, LLC, a limited liability company organized under the laws of the state of Nevada (“Company”) and Zayo Colocation, Inc (“Buyer”). 

W I T N E S S E T H: 

WHEREAS, the Company is in the business of operating a single data center providing colocation services (the
“Business”); 
 WHEREAS, Company is the owner of the assets set forth in Section 2.1 hereto used in
the Business located at 7185 Pollock Drive, Las Vegas, Nevada 89119 and is desirous of selling the Assigned Assets (as defined below) pursuant to the terms and conditions contained herein including Buyer’s assumption of the Assigned
Liabilities; and 
 WHEREAS, Buyer is desirous of purchasing the Assigned Assets and agrees to assume the Assigned Liabilities
pursuant to the terms and conditions contained herein; and 
 NOW, THEREFORE, in consideration of the premises and the mutual
promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 ARTICLE 1 
 CERTAIN DEFINITIONS 

Section 1.1 Certain Definitions. As used in this Agreement, the following terms have the respective meanings set forth
below. 
 “Accounting Firm” has the meaning set forth in Section 2.5(b). 

“Accounting Principles” means GAAP except as otherwise provided on Exhibit B. 

“Action” means any litigation, complaint, suit, charge, claim, demand, action, arbitration, investigation, audit or
other similar proceeding. 
 “Affiliate” means, with respect to any Person, any other Person who directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlled” and “controlling” have meanings correlative thereto. 

“Agreement” has the meaning set forth in the introductory paragraph to this Agreement. 

“Assigned Assets” means all assets except Excluded Assets described in Section 2.2. 

 “Assigned Contracts” has the meaning set forth in
Section 2.1(a)(ii). 
 “Assigned Customer Contracts” has the meaning set forth in
Section 2.1(a)(ii). 
 “Assigned Intellectual Property Rights” has the meaning set forth in
Section 2.1(a)(i). 
 “Assigned Lease” has the meaning set forth in Section 2.1(a)(ii).

 “Assigned Payables” means all payables of the Company that are reflected in the Definitive Net Working
Capital including those payables on Schedule 2.3(a)(i). 
 “Assigned Receivables” means all
receivables except those set forth as Excluded Assets on Schedule 2.2. 
 “Assigned Vendor
Contracts” has the meaning set forth in Section 2.1(a)(ii). 
 “Assignment and Assumption
Agreement” means the Assignment and Assumption Agreement in the form attached as Exhibit D-1. 

“Assignment and Assumption of Lease” means the assignment and assumption agreement assigning the Facility Lease in the
form attached hereto as Exhibit E. 
 “Assumed Liabilities” has the meaning set forth in
Section 2.3. 
 “Authorized Officer” shall mean an authorized officer of Buyer of Company who is
authorized to execute and perform this Agreement on behalf of Buyer or Company, as the case may be. 
 “Balance
Sheet” has the meaning set forth in Section 3.3(a)(ii). 
 “Bank Street” means The Bank
Street Group LLC. 
 “Base Cash Consideration” means $15,875,000. 

“Bill of Sale” means the Bill of Sale in the form attached as Exhibit D-2. 

“Business” has the meaning set forth in the recitals in this Agreement. 

“Business Day” means a day, other than a Saturday or Sunday, on which commercial banks in Las Vegas, Nevada are open for
the general transaction of business. 
 “Business Records” means all of the Company’s books, records,
files and correspondence, whether in physical, electronic or other format, used or held in connection with or otherwise relating to the Assigned Assets and Assigned Liabilities or the Business including but not limited to (a) all corporate
records, (b) executed copies of all of the Assigned Contracts (to the extent in the Company’s possession), (c) all documents related to equipment, product and other warranties pertaining to the Assigned Assets or the Business,
(d) all technical information and data, maps, design layout records, computer files, diagrams, blueprints, schematics, operating data and plans, technical and user documentation, manuals, notes and working papers, (e) all regulatory and
other 

  
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filings made with or records required to be kept by any Governmental Entity (including all backup information on which such filings are based), other than filings or records to the extent
primarily related to Excluded Taxes, (f) all research and development reports, (g) all network, equipment, service level, trouble ticket, root-cause, customer care and operating logs, analyses and reports, (h) all financial and
accounting records and all electronic mail records, (i) all catalogs, brochures, sales literature, creative, promotional, advertising and marketing materials, and (j) all supplier and customer lists and files; provided, that
“Books and Records” shall not include the Company’s company seal, minute books, Organizational Documents, stock or equity record books or any records or any other documents to the extent primarily related to the Excluded Taxes or
organization, capitalization or existence of the Company. No representation or warranty is made by Company as to the Business Records for the period prior to Company’s acquisition of the Business except as otherwise set forth herein.

 “Buyer” has the meaning set forth in the introductory paragraph to this Agreement. 

“Buyer Indemnitee” has the meaning set forth in Section 6.2(a). 

“Cap” has the meaning set forth in Section 6.5(a)(iii). 

“Chosen Courts” has the meaning set forth in Section 7.12. 

“Closing” has the meaning set forth in Section 2.7. 

“Closing Date” has the meaning set forth in Section 2.7. 

“COBRA” means Part 6 of Subtitle B of Title I of ERISA, Section 4980B of the Code and any similar state Law.

 “Code” means the Internal Revenue Code of 1986. 

“Company” has the meaning set forth in the introductory paragraph to this Agreement. 

“Company Indemnitee” has the meaning set forth in Section 6.2(b). 

“Company Intellectual Property” has the meaning set forth in Section 3.10. 

“Company Plans” means any plan, program or arrangement (written or oral) providing for insurance coverage, workers’
compensation, supplemental unemployment benefits, vacation benefits, retirement or pension benefits, life, health, disability or accident benefits or for deferred compensation, profit-sharing, equity-based awards or other forms of incentive
compensation or post-retirement insurance, compensation or benefits that is entered into, maintained, contributed to or required to be contributed to, as the case may be, by the Company or any of its ERISA Affiliates or under which the Company or
any of its ERISA Affiliates has or may incur any liability and covers or has covered any employee, director or independent contractor or former employee of the Company or any of its ERISA Affiliates 

“Company’s Knowledge” shall have the meaning set forth in Section 7.10. 

  
 3 

 “Competitive Activities” has the meaning set forth in
Section 5.4(b). 
 “Confidential Information” has the meaning set forth in Section 5.5.

 “Confidentiality Agreement” means the confidentiality agreement dated March 22, 2011, by and between
the Company and Buyer. 
 “Consents” has the meaning set forth in Section 2.8. 

“Contract” means any agreement, contract, obligation, indenture, instrument, lease, purchase order, license, note, bond,
mortgage, promise, arrangement, commitment or undertaking (whether written or oral and whether express or implied) that is legally binding on any Person or any part of such Person’s property under applicable Law. 

“Deductible” has the meaning set forth in Section 6.5(a)(ii). 

“Definitive Closing Statement” means the Proposed Closing Statement as adjusted by Buyer and delivered to the Company
within forty-five (45) days after Closing subject to the adjustment procedures described in Section 2.5. 

“Definitive Indebtedness Amount” has the meaning set forth in Section 2.5(d). 

“Definitive Net Working Capital Amount” has the meaning set forth in Section 2.5(d). 

“Dispute Notice” has the meaning set forth in Section 2.5(a). 

“Dispute Period” has the meaning set forth in Section 2.5(a). 

“Environmental Claim” means any proceeding or notices of noncompliance or violation pending or threatened by any Person
or Governmental Entity alleging Liability arising out of a Release or arising under Environmental Laws. 

“Environmental Laws” means all federal, state, and local statutes, regulations, ordinances, and orders of any
Governmental Entity relating to pollution or protection of the environment, or relating to the environment, public health or public safety insofar as any of these may be affected by the Release of, or exposure to, any Hazardous Material, as are in
effect as of the Closing Date. 
 “ERISA” means the United States Employee Retirement Income Security Act of
1974. 
 “ERISA Plans” means any Person that is (or at any relevant time was) a member of a “controlled
group of corporations” with or under “common control” with the Company as defined in Section 414(b) or (c) of the Code or that is otherwise (or at any relevant time was) required to be treated, together with the Company, or
as the case may be, as a single employer under Sections 414(m) or (o) of the Code. 
 “Escrow Agent” means Wells
Fargo Bank, National Association. 
 “Escrow Agreements” means the two (2) separate escrow agreements
described in Section 2.4(b)(i) (the “Indemnification Escrow Agreement”) and Section 2.4(b)(ii) (the 

  
 4 

 
“Customer Renewal Escrow Agreement”) and Section 2.6. Any references herein to the Escrow Agreement shall mean only the Indemnification Escrow Agreement if not
otherwise specified. The Customer Renewal Escrow Agreement shall be used solely to fund portion of the Purchase Price payment described in Section 2.4(b)(ii) for the renewal of the United Online Contract and no other purpose. 

“Escrow Amount” means the amount set forth in Section 2.4(b)(i) for the Indemnification Escrow and the
amount set forth in Section 2.4(b)(ii) for the Customer Renewal Escrow. 
 “Excluded Assets” means
those assets described in Section 2.2 which shall be retained by Company. 
 “Excluded Liabilities”
shall have the meaning given to it in Section 2.3. 
 “Excluded Taxes” means any Taxes of the Company with
respect to taxable periods (or portions thereof) ending on or before the Closing Date, except to the extent such Taxes have been accrued on the balance sheet and taken into account in the calculation of the Net Working Capital Amount and the
Definitive Net Working Capital Amount. 
 “Exhibits” has the meaning set forth in Section 7.6.

 “Facility Lease” means that certain commercial lease relating to the operating facility located at 7185
Pollock Drive, Las Vegas, Nevada, described on Schedule 2.1(a)(ii). 
 “Final Release Date” has the
meaning set forth in Section 2.6(a) (for the Indemnification Escrow) and Section 2.6(b) (for the Customer Renewal Escrow). 
 “Financial Statements” has the meaning set forth in Section 3.3(a). 
 “Fundamental Representations and Warranties” means those representations and warranties contained in Section 3.1 (Organization and Qualification), Section 3.2
(Authority), Section 3.13 (Company Brokers), and title to Assigned Assets. 
 “GAAP” means United
States generally accepted accounting principles, consistently applied. 
 “General Survival Period Termination
Date” has the meaning set forth in Section 6.1. 
 “Governing Documents” means the legal
document(s) by which any Person (other than an individual) establishes its legal existence or which govern its internal affairs, including the following documents: certificate of incorporation, bylaws, limited partnership agreement, partnership
agreement, certificate of limited partnership, limited liability company agreement, operating agreement, certificate of formation, trust agreement and declaration of trust instrument, and all other organizational and constitutional documents of such
Person. 
 “Governmental Entity” means any United States (a) federal, state, local, municipal or other
government, (b) governmental or quasi governmental entity of any nature (including any governmental agency, branch, department, division, bureau, official, or entity and any court or 

  
 5 

 
other tribunal) or (c) body exercising or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature, including
any arbitral tribunal. 
 “Hazardous Material” means hazardous substance, toxic substance, hazardous waste,
pollutant, contaminant or dangerous material, chemical, asbestos, polychlorinated biphenyls, petroleum, petroleum products and derivatives, and fuel additives, including any substance, material or waste defined by or regulated under any
Environmental Law. 
 “Indebtedness” means, with respect to any Person, without duplication:
(a) indebtedness for borrowed money, whether current, short-term or long-term, secured or unsecured; (b) obligations evidenced by bonds, notes, debentures, letters of credit or similar instruments; (c) indebtedness shall include
obligations of such Person as lessee under any leases (or other arrangement conveying the right to use) of real or personal property, or combination thereof, except for charges relating to current period without regard to whether or not capitalized
or capitalizable in accordance with GAAP, except to the extent set forth on the Proposed Closing Statement; (d) obligations under conditional sale, title retention or similar agreements or arrangements creating an obligation with respect to the
deferred purchase price of property (including “earn-out” payments); (e) obligations in respect of interest rate and currency obligation swaps, collars, caps, hedges or similar arrangements; (f) all accrued interest, premiums,
penalties and other obligations relating to the foregoing payable in connection with the repayment thereof on or prior to the Closing Date; and (g) all obligations to guarantee any of the foregoing types of obligations on behalf of any other
Person; provided that “Indebtedness” does not include any (i) agreement or arrangement creating an obligation with respect to payment of commissions by the Company to other Persons arising from or related to receipt of payment by the
Company from its customers in the ordinary course of business consistent with past practice, and (ii) obligations to provide services or products under customer Contracts. 

“Indebtedness Amount” means the aggregate amount of all Indebtedness of the Company being assumed at Closing by Buyer,
excluding any Working Capital Liabilities and Indebtedness being paid pursuant to Section 2.6. 

“Indemnified Party” has the meaning set forth in Section 6.3(a). 

“Insurance Policies” has the meaning set forth in Section 3.11. 

“Intellectual Property Rights” means all of the following, as they exist anywhere in the world: (a) patents, patent
applications, inventions and other patent rights; (b) trademarks, service marks, trade dress, logos and trade names, all goodwill associated therewith and all registrations and applications therefor; (c) copyrights, copyright registrations
and applications, and designs; (d) computer software programs, including all source code, object code, specifications and documentation related thereto; (e) Internet domain names and other computer identifiers; and (f) trade secrets,
know-how, processes and procedures, databases, confidential business information and other proprietary information and rights. 

“IRS” means the Internal Revenue Service. 

  
 6 

 “Law” means any U.S. federal, national, state, provincial, local or similar
statute, law, ordinance, regulation, rule, code, order, binding directive, requirement or rule of law (including common law). 

“Lease” has the meaning set forth in Section 3.14(b). 

“Leased Real Property” has the meaning set forth in Section 3.14(a). 

“Liability” means any and all Indebtedness, losses, claims, charges, demands, Actions, damages, obligations, payments,
costs and expenses, bonds, indemnities and similar obligations, covenants, contracts, controversies, omissions, make whole agreements and similar obligations, and other liabilities, including all contractual obligations, whether due or to become
due, fixed, contingent or absolute, inchoate or otherwise, matured or unmatured, liquidated or unliquidated, accrued or not accrued, asserted or not asserted, known or unknown, determined, determinable or otherwise, whenever or however arising,
including, those arising under any Law, principles of common law (including out of any Contract or tort based on negligence or strict liability) Action, threatened or contemplated Action (including the costs and expenses of demands, assessments,
judgments, settlements and compromises relating thereto and reasonable attorneys’ fees), whatsoever reasonably incurred in investigating, preparing or defending against any such Actions or threatened or contemplated actions), order of any
Governmental Entity or any award of any arbitrator or mediator of any kind, and those arising under any Contract, whether or not the same would be required by GAAP to be recorded or reflected in financial statements or disclosed in the notes
thereto. 
 “Lien” means any mortgage, pledge, security interest, encumbrance, lien, charge, claim, option,
voting or other restriction, right of first refusal or offer, right-of-way, covenant, condition, easement, adverse claims of ownership or use, encroachment or other survey defects, restriction on transfer or any other encumbrance of any nature
whatsoever. For the avoidance of doubt, the term “Lien” shall be deemed to include any license of Intellectual Property Rights. 
 “Loss” has the meaning set forth in Section 6.2(a). 

“Net Working Capital Amount” means, as of immediately prior to the Closing, an amount equal to the amount of Working
Capital Assets of the Company less the amount of Working Capital Liabilities of the Company. 
 “Notice of
Claim” means a written notice that reasonably specifies the basis for indemnification hereunder pursuant to which Losses are being claimed by an Indemnified Party. 
 “Owned Intellectual Property” has the meaning set forth in Section 3.10. 
 “Party” has the meaning set forth in the introductory paragraph to this Agreement. 
 “Permitted Liens” means (a) mechanics’, materialmen’s, carriers’, repairers’ and other Liens arising or incurred in the ordinary course of business for amounts
not in excess of $10,000 that are not yet delinquent or are being contested in good faith by appropriate proceedings, or for which adequate reserves have been established in accordance with GAAP, (b) Liens for Taxes, assessments or other
governmental charges not yet due and payable as of the Closing Date or 

  
 7 

 
which are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP, (c) non-monetary encumbrances (including
matters that would be disclosed by an accurate survey or inspection of the Leased Property) and non-monetary restrictions on the Leased Real Property (including easements, covenants, rights of way and similar restrictions of record) that do not
materially interfere with the Company’s present uses or occupancy of such Leased Real Property or detract from the value of such property, (d) Liens granted to any lender at the Closing in connection with any financing by Buyer of the
transactions contemplated hereby, (e) zoning, building codes and other land use Laws regulating the use or occupancy of any Leased Real Property or the activities conducted thereon which are imposed by any Governmental Entity having
jurisdiction over such real property and which are not violated by the current use or occupancy of such real property and (f) Liens described on Schedule 3.17. 
 “Person” means an individual, partnership, corporation, limited liability company, limited or general partnership, joint stock company, unincorporated organization, labor union,
collective bargaining unit, association, trust, joint venture or other similar entity, whether or not a legal entity. 

“Proposed Closing Statement” has the meaning set forth in Section 2.4(a). 

“Purchase Price” means the price and adjustments determined in accordance with Section 2.4 and
Section 2.5. 
 “Reconciling Adjustment Amount” has the meaning set forth in
Section 2.5(d). 
 “Release” means any spilling, leaking, pumping, pouring, emitting, emptying,
discharging, injecting, escaping, depositing, dispersing, leaching, dumping, migrating or disposing of any Hazardous Material in or into the environment. 
 “Representatives” means, with respect to a Person, all directors, officers, employees, advisors, attorneys and accountants and other agents or representatives. 

“Responsible Party” has the meaning set forth in Section 6.3(a). 

“Schedules” has the meaning set forth in Section 7.6. 

“Securities Act” means the Securities Act of 1933. 

“Statute of Limitations Representations and Warranties” means those representations and warranties contained in
Section 3.9 (Environmental Matters) and Section 3.12 (Tax Matters). 
 “Tax” means
(a) any and all federal, state, local or foreign income, gross receipts, franchise, estimated, alternative minimum, add-on minimum, sales, use, transfer, real property gains, registration, value added, excise, natural resources, severance,
stamp, occupation, windfall profits, environmental (under Section 59A of the Code), customs, duties, real property, personal property, capital stock, social security (or similar), unemployment, disability, payroll, license, employee or other
withholding, or other tax, of any kind whatsoever, and any interest, penalties or additions to tax in respect of the foregoing (whether disputed or not), (b) any and all Liability for 

  
 8 

 
the payment of any items described in clause (a) above as a result of being (or ceasing to be) a member of an affiliated, consolidated, combined, unitary or aggregate group (or being
included (or being required to be included) in any Tax Return related to such group) and (c) any and all Liability for the payment of any amounts as a result of any express or implied obligation to indemnify any other person, or any successor
or transferee Liability, in respect of any items described in clause (a) or (b) above. 
 “Tax
Return” has the meaning set forth in Section 3.12. 
 “Territory” means, collectively, the
states which are contiguous to the State of Nevada. 
 “Third Party Claim” has the meaning set forth in
Section 6.3(a). 
 “Transaction Expense Amount” means, as of the Closing, the aggregate amount of
Transaction Expenses. 
 “Transaction Expenses” means, to the extent not paid prior to the Closing, without
duplication, all bonuses, all success fees, all severance payments, all change of control payments, all out-of-pocket costs and expenses and all other amounts payable to any Person by the Company and all legal, accounting, financial advisory and
other third party advisory or consulting fees and other expenses incurred by the Company (to the extent such expenses are assumed by Buyer) in connection with the consummation of the transactions contemplated by this Agreement, including the fees
and expenses of Bank Street. 
 “Working Capital Assets” means the current assets set forth on the Proposed
Closing Statement attached as Exhibit A to this Agreement. 
 “Working Capital Liabilities” means
the current liabilities set forth on the Proposed Closing Statement attached as Exhibit A to this Agreement. 

ARTICLE 2 
 PURCHASE AND SALE 
 Section 2.1 Sale of Assets; Related
Transactions. 
 (a) At the Closing, the Company shall cause to be sold, assigned, transferred, conveyed, and delivered to
the Buyer good and valid title to the Assigned Assets, free and clear of any encumbrance. The Assigned Assets shall include, without limitation, the assets described in 2.1(a)(i) through 2.1(a)(xi). The Schedules referenced therein may have been
prepared as of a period prior to the Closing Date and may not tie to the Working Capital Assets and Working Capital Liabilities at Closing without reconciling adjustments. Such Schedules shall be updated after the Closing Date to bring them current
to the date of Closing in connection with the post-Closing adjustments under Section 2.5. 
 (i) Intellectual
Property Rights and related goodwill owned, used or held for use by the Company in connection with the operation of the Business (including the Intellectual Property Rights identified on Schedule 2.1(a)(i) (“Assigned Intellectual
Property Rights”); 

  
 9 

 (ii) all rights of the Company under (a) all Contracts with customers for the purchase
of products and/or services of the Business identified in Schedule 2.1(a)(ii) (the “Assigned Customer Contracts”), (b) all Contracts with vendors, suppliers, licensors and service providers relating to the Business
identified in Schedule 3.5(a)(v) (the “Assigned Vendor Contracts”), and (c) the Facility Lease identified in Schedule 3.14(b) (the “Assigned Lease”) and, together with the Assigned
Customer Contracts, the Assigned Vendor Contracts and the Assigned Intellectual Property Rights Agreements, the “Assigned Contracts”; 
 (iii) all equipment, materials, prototypes, tools, supplies, furniture, improvements, computer hardware and other tangible assets owned, used or held for use by the Company in connection with the
operation of the Business including the assets described on Schedule 2.1(a)(iii), which lists the material assets in such categories; 
 (iv) all rights, claims (including claims for past infringement or misappropriation of Intellectual Property Rights) and causes of action of the Company relating to the Business against other Persons
(regardless of whether or not such claims and causes of action have been asserted by the Company), and all rights of indemnity, warranty rights, rights of contribution, rights to refunds, rights of reimbursement and other rights of recovery
possessed by the Company and related to the Business (regardless of whether such rights are currently exercisable); 
 (v) all
Assigned Receivables including the assets described on Schedule 2.1(a)(v); 
 (vi) Intentionally Deleted;

 (vii) all Business Records; 
 (viii) any prepaid expenses and any deposits, prepayments, guaranties, letters of credit and other security deposits held by the Company or by a third party on behalf of the Company in connection with the
operation of the Business, including but not limited to, those shown on Schedule 2.1(a)(viii); 
 (ix) to the extent not
covered in this Section 2.1, any assets included in the calculation of Working Capital Assets as finally determined under Section 2.5; and 
 (x) unpaid amounts on invoices dated January 1, 2012, as of the Closing Date, which were issued on December 15, 2011 as set forth on Schedule 2.1(a)(x), net of amounts that relate to
services rendered prior to the Closing Date (e.g., those shown as overages on Schedule 2.1(a)(x) (the “Advance Invoice Amounts”). 
 (xi) all other tangible and intangible assets owned, used or held for use by Company that are related to the Business that the Buyer reasonably determines are necessary, appropriate or desirable in the
operation of the Business after the Closing Date, including, without limitation, software licenses resident on or for laptops, desktops, servers, and other hardware and all customer application software (and related source code). 

  
 10 

 Section 2.2 Excluded Assets. 

(a) Notwithstanding anything to the contrary contained in this Agreement, the parties agree that the Company is not selling, assigning,
transferring, conveying or delivering to the Buyer, and the Assets shall not include, the following (the “Excluded Assets”): 
 (i) all cash and cash equivalents of Company; 
 (ii) all rights of Company under
this Agreement and the other agreements included therein; 
 (iii) any Contracts that are not scheduled; 

(iv) Company’s insurance policies; 
 (v) Any other assets that are specifically identified as excluded in the appropriate Disclosure Schedule; 
 (vi) Microsoft Dynamics NAV – license number: 5391416; 
 (vii) Jet Reports
– license number: US-ZA-032-YKHXA-8; 
 (viii) Dell PowerEdge 2950 Dell Service Tag #F3NFTJ1. 

Section 2.3 Assumed Liabilities; Excluded Liabilities. 

(a) At the Closing, the Buyer shall assume only the following Liabilities (the “Assumed Liabilities”): 

(i) Assigned Payables; 
 (ii) existing liabilities for Paid Time-Off for all Company employees calculated as of Closing by Company on the proposed Closing Statement, Assigned Vendor Contracts and Assigned Leases to the extent
reflected in the Net Working Capital in the Definitive Closing Statement or arising after the Closing Date; 
 (iii) the
Liabilities relating to the Assigned Assets arising after the Closing Date; 
 (iv) the Liabilities of the Company under the
Assigned Contracts, but only to the extent that such Liabilities (A) arise after the Closing Date and (B) do not arise from or relate to any breach, violation or default by the Company of any provision of any of such Assigned Contracts
prior to the Closing Date; 
 (v) the capital leases set forth on Schedule 3.5(a)(ii); and 

(vi) to the extent not covered in this Section 2.1, Liabilities including accrued liabilities included in the calculation of
Working Capital Liabilities as finally determined under Section 2.5. 

  
 11 

 (b) The Company shall retain, and shall be responsible for paying, performing and
discharging when due all, and the Buyer shall not assume or have any responsibility for, any Liabilities of the Company or the Business as of the Closing Date other than the Assumed Liabilities (the “Excluded Liabilities”),
including Excluded Taxes and those Liabilities disclosed on Schedule 2.3(b). 
 (c) The Buyer shall be responsible
for paying, performing, and discharging when due all Assumed Liabilities. 
 Section 2.4 Purchase Price.

 (a) Initial Cash Consideration. The spreadsheet attached hereto as Exhibit A (the “Proposed
Closing Statement”) sets forth the Company’s estimated determination of: (i) the Net Working Capital Amount (the “Estimated Net Working Capital Amount”) and (ii) the Indebtedness Amount (the
“Estimated Indebtedness Amount”), along with reasonable supporting documentation used in the preparation of the Proposed Closing Statement. The Proposed Closing Statement shall have been prepared in accordance with the Accounting
Principles and based on the books and records of the Company and shall be accompanied by a certification of Company’s Authorized Officer to the effect that the Proposed Closing Statement has been so prepared. At the Closing the Buyer shall pay
for the sale of the Assigned Assets: (a) cash in the aggregate amount equal to (i) Fifteen Million Eight Hundred Seventy-Five Thousand Dollars ($15,875,000) (the “Base Cash Consideration”) plus or minus (ii) the
Estimated Net Working Capital Amount (which shall be a subtraction if the Estimated Net Working Capital Amount is negative) minus (iii) the Estimated Indebtedness Amount (the “Initial Cash Consideration”). 

(b) The Buyer shall pay the Initial Cash Consideration at the Closing, payable as follows and as shall be set forth in detail on the
Proposed Closing Statement (as defined below): 
 (i) The Buyer shall deposit the sum of Eight Hundred Twelve Thousand Five
Hundred Dollars ($812,500) with the Escrow Agent as the Indemnification Escrow. 
 (ii) If the Company has not secured a term
agreement extension with Company’s largest customer, United Online, that (i) extends committed service term through minimum of December 1, 2013, and (ii) at pricing rates that deliver a minimum of one-hundred thirty-seven
thousand seven hundred fifty dollars ($137,750) average per month of revenue over the term of the renewal period agreement for the same services as provided by Company to United Online immediately preceding the date hereof (the “Customer
Renewal”), the Buyer shall deposit the sum of One Million Eight Hundred Seventy-Five Thousand Dollars (1,875,000) with the Escrow Agent, which shall be deemed the “Customer Renewal Escrow.” The Customer Renewal Escrow will
be released and paid to Company at such time as the Buyer secures the Customer Renewal. If the Buyer fails to secure the Customer Renewal by December 31, 2012, the Customer Renewal Escrow shall be released by Escrow Agent to Buyer. Company and
Buyer agree: (A) Buyer shall have the right to negotiate with United Online post-Closing in accordance with the criteria described above (the “Renewal Criteria”) and Company shall have the right to participate in such
negotiation; (B) Buyer shall act in good faith regarding obtaining a renewal consistent with the Renewal Criteria; and (C) Buyer and Company shall cooperate and share information regarding the renewal of United Online. 

  
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 (iii) Buyer shall pay the remaining Initial Cash Consideration as follows: 

 

	 	(1)	Payment of such transaction fees and expenses and other liabilities as listed on the Proposed Closing Statement. 

 

	 	(2)	Any remaining portion of the Initial Cash Consideration shall be paid by wire transfer as the Company shall direct. 

(c) The Buyer shall assume the Assumed Liabilities by delivering to the Company an Assignment and Assumption Agreement in substantially
the form of Exhibit D-1 (the “Assignment and Assumption Agreement”). 
 Section 2.5
Adjustment to the Purchase Price. 
 (a) The Buyer shall review the Proposed Closing Statement within forty-five
(45) days following Closing to determine if any adjustments to the Proposed Closing Statement should be made for any differences between the estimated amounts contained in the Proposed Closing Statement and actual amounts as determined by Buyer
after Closing. Buyer shall prepare any proposed adjustments along with such information as is necessary for Company to review the proposed adjustments (the “Definitive Closing Statement”). If the Company disagrees with the Definitive
Closing Statement as adjusted, the Company shall notify Buyer in writing of such disagreement (a “Dispute Notice”) within fifteen (15) days after receipt of the Proposed Closing Statement, which Dispute Notice shall specify in
reasonable detail the items and amounts in dispute. If the Company does not deliver a Dispute Notice within such fifteen (15) day period, then the Company will have been deemed to have accepted the Definitive Closing Statement, which shall be
final, conclusive and binding upon all Parties. For a period of fifteen (15) days following Company’s receipt of a Dispute Notice (the “Dispute Period”), Representatives of Buyer and the Company shall use their reasonable
best efforts to resolve all disagreements with respect to the Definitive Closing Statement set forth in such Dispute Notice through the joint consultation of Buyer and the Company. For purposes of evaluating the adjustments to the Proposed Closing
Statement, Buyer shall provide reasonable access to the Company and its accountants and other Representatives, at the Buyer’s offices in Las Vegas, Nevada, upon advance notice and during normal business hours, to any financial information
created or used in connection with the preparation of the Definitive Closing Statement, and otherwise shall reasonably cooperate and assist the Company and its accountants and other Representatives to analyze the Definitive Closing Statement as
adjusted. 
 (b) If Company and the Buyer are unable to resolve all of their disputes with respect to the Definitive Closing
Statement within the Dispute Period, then any remaining disputes (and only such remaining disputes) shall be resolved by an independent regional or national accounting firm selected by the Company and Buyer. If Company and Buyer shall not be able to
agree on the selection of an accounting firm, the accounting firms used by Company and Buyer shall make such selection in good faith. If they cannot agree on an accountant, the arbitration procedure provided in Section 7.16 shall be used
to select the accountant. Such accounting firm 

  
 13 

 
shall be the “Accounting Firm” for purposes of this Agreement. Each of Buyer and the Company shall instruct the Accounting Firm to render a determination of the applicable
dispute(s) within thirty (30) days after referral of the matter to the Accounting Firm, which determination shall be in writing and shall set forth, in reasonable detail, the basis therefor. The determination of the Accounting Firm shall be
conclusive and binding upon the Parties, and the Parties agree that judgment may be entered upon the determination of the Accounting Firm in any court having jurisdiction over the Party against which such determination is to be enforced. The scope
of disputes to be resolved by the Accounting Firm shall be limited to whether the items in dispute that were included in the Dispute Notice were prepared in accordance with the Accounting Principles and the Accounting Firm shall determine, on such
basis, whether and to what extent the Definitive Closing Statement requires adjustment. The Accounting Firm shall not make any other determination. Any determination by the Accounting Firm regarding any matter other than that set forth in a Dispute
Notice as provided herein shall not be binding on the Parties. The Accounting Firm’s decisions shall be based solely on presentations by Buyer and the Company and their respective Representatives, and not by independent review, and the
Accounting Firm shall only address those issues in dispute specifically set forth on the Dispute Notice. In resolving any disputed item, the Accounting Firm shall not assign a value to any item that is greater than the greatest value for such item
claimed by either Party or that is less than the smallest value for such item claimed by either Party. The Accounting Firm shall have no authority to resolve any other dispute or resolution involving the interpretation, meaning or performance by any
Party under any provision of this Agreement or any other agreement entered into in connection therewith. The costs, fees and expenses of the Accounting Firm shall be allocated between Buyer and the Company in the same proportion that the aggregate
amount of the disputed items submitted to the Accounting Firm that is unsuccessfully disputed by each such Party (as finally determined by the Accounting Firm) bears to the total amount of such disputed items so submitted. For example, if the
Company challenges the calculation of the Proposed Closing Statement by an amount of $100,000, but the Accounting Firm determines that the Company has a valid claim for only $40,000, Buyer shall bear forty percent (40%) of the fees and expenses
of the Accounting Firm and Company shall bear the other sixty percent (60%) of such fees and expenses. 
 (c) Company and
Buyer shall revise the Definitive Closing Statement and the calculation of the Reconciling Adjustment Amount as appropriate to reflect the resolution of the objections (as agreed upon by Buyer and the Company or as determined by the Accounting Firm)
and deliver it to each party within five (5) Business Days after the resolution of such objections. Such revised statement shall be deemed to constitute the Definitive Closing Statement, which shall be final, conclusive and binding upon all
Parties. 
 (d) The term “Reconciling Adjustment Amount” means an amount, which may be positive or negative,
equal to (i) the amount, if any, by which the Net Working Capital Amount set forth in the Definitive Closing Statement (“Definitive Net Working Capital Amount”) is greater than the Estimated Net Working Capital Amount,
minus (ii) the amount, if any, by which the Definitive Net Working Capital Amount is less than the Estimated Net Working Capital Amount, minus (iii) the amount, if any, by which the Indebtedness Amount set forth in the
Definitive Closing Statement (“Definitive Indebtedness Amount”) is greater than Estimated Indebtedness Amount, plus (iv) the amount, if any, by which the Definitive Indebtedness Amount is less than Estimated Indebtedness
Amount. 

  
 14 

 (e) Reconciling Adjustment Amount. 

(i) If the Reconciling Adjustment Amount is positive, Buyer shall pay, or cause to be paid, to the Company the absolute value of the
Reconciling Adjustment Amount by wire transfer of immediately available funds within five (5) Business Days after the Definitive Closing Statement shall have become final, conclusive and binding to an account designated by the Company.

 (ii) If the Reconciling Adjustment Amount is negative, the Escrow Agent shall pay to Buyer (or its designee) by release of
funds from the Escrow Fund the absolute value of the Reconciling Adjustment Amount within five (5) Business Days after the Definitive Closing Statement shall have become final, conclusive and binding to an account designated by Buyer.

 (iii) If the Reconciling Adjustment Amount is equal to zero, no payment shall be made by any Party pursuant to this
Section 2.5 (other than in respect of costs, fees and expenses of the Accounting Firm, as applicable). 

Section 2.6 Escrow. Company and Buyer shall establish two (2) separate Escrow Agreements for the Indemnification
Escrow and the Customer Renewal Escrow as described in Section 2.4(b). 
 (a) Indemnification Escrow.

 (i) The Escrow Amount deposited by Buyer pursuant to Section 2.4(b)(i) shall be distributed in accordance with
the terms of this Agreement and the Indemnification Escrow Agreement. The Escrow Amount, as adjusted from time to time, together with any interest earned thereon, shall be referred to as the “Indemnification Escrow Fund.”

 (ii) On the date (the “Final Release Date”) that is three hundred sixty (360) days from the Closing
Date, the Escrow Agent shall pay to the Company an amount equal to the amount then remaining in the Indemnification Escrow Fund, if any, minus the sum of (without duplication) (A) the aggregate amount of indemnification claims initiated
by Buyer Indemnitees and finally determined pursuant to the terms of this Agreement and not paid as of the Final Release Date and (B) the aggregate amount of unresolved indemnification claims timely initiated in good faith by Buyer Indemnitees
pursuant to this Agreement as of the Final Release Date, which amount shall be retained by the Escrow Agent until the Escrow Agent receives joint written instructions of Buyer and the Company or such claims are finally resolved in accordance with
the terms of the Indemnification Escrow Agreement. 
 (iii) The Company shall be treated as the owner of the Indemnification
Escrow Fund for all U.S. federal income tax purposes. 
 (b) Customer Renewal Escrow. 

(i) The Escrow Amount deposited by Buyer pursuant to Section 2.4(b)(ii) shall be deposited in the Customer Renewal Escrow
and shall be distributed in accordance with the terms of this Agreement and the Customer Renewal Escrow Agreement (when and if Company delivers evidence of the renewal of United Online in accordance with the Renewal Criteria). 

  
 15 

 (ii) On December 31, 2012 (the Final Release Date”), the Escrow Agent
shall pay to the Buyer any remaining amount of the Customer Renewal Escrow Fund. 
 (iii) The Company shall be treated as the
owner of the Customer Renewal Escrow Fund for all U.S. federal income tax purposes. 
 (c) The Indemnification Escrow and the
Customer Renewal Escrow shall be separate for all purposes. The Customer Renewal Escrow shall not be used for the indemnification funding described in Article 6, which shall be funded solely by the Indemnification Escrow. 

Section 2.7 Closing; Closing Deliveries. 
 (a) The closing of the sale of the Assigned Assets to the Buyer (the “Closing”) shall take place on or before December 30, 2011 at the offices of McDowell, Rice, Smith &
Buchanan, P.C. at 10:00 a.m. local time or on such other date as the parties may jointly designate. For purposes of this Agreement, “Closing Date” shall mean the time and date as of which the Closing actually takes place.

 (b) At or prior to the Closing Date, as applicable, the Company shall deliver, or cause to be delivered, to the Buyer:

 (i) such executed bills of sale, endorsements, assignments and other documents as may (in the reasonable judgment of the
Buyer or its counsel) be necessary, appropriate or desirable to assign, convey, transfer and deliver to the Buyer good and valid title to the Assigned Assets free of any Liens other than Permitted Liens; 

(ii) the Assignment and Assumption Agreement, executed by the Company; 

(iii) the Bill of Sale executed by the Company; 
 (iv) the Indemnification Escrow Agreement and Customer Renewal Escrow Agreement, executed by the Company the Escrow Agent, as applicable; 

(v) any Consents identified on the Disclosure Schedules, in form and substance reasonably satisfactory to the Buyer (which Consents
shall be in full force and effect); 
 (vi) a duly executed statement, issued by a qualified substitute of the Company pursuant
to Section 1445(b)(9) of the Code, dated as of the Closing Date, sworn under penalty of perjury, and in a form reasonably acceptable to the Buyer, stating that such qualified substitute has in its possession an affidavit of owner of the
Company, prepared in accordance with Section 1445(b)(2) of the Code and the Treasury Regulations issued thereunder, that such owner is not a “foreign person” as defined in Section 1445 of the Code; 

  
 16 

 (vii) a Uniform Commercial Code search of the Company within ten (10) days of the
Closing Date evidencing that no security interests are filed against any of the Assigned Assets ; 
 (viii) any consent or
other approval required by lessor for the Buyer to assume the Facility Lease; 
 (ix) resolution of the Company’s members
and managers approving the Transactions and the Transaction Agreements, certified by an appropriate officer of Company; 
 (x)
certificate of good standing, dated within ten (10) days prior to the Closing Date, including tax good standing of Company issued by the Secretary of State of Nevada; 
 (xi) the certificate of the Company dated as of the Closing Date certifying that the conditions precedent have been satisfied in all respects and all representations, warranties and covenants are true at
Closing; and 
 (xii) such other documents as the Buyer may reasonably request in good faith for the purpose of otherwise
facilitating the consummation or performance of any of the Transactions. 
 (c) At or prior to the Closing Date, as applicable,
the Buyer shall deliver, or cause to be delivered, to the Company: 
 (i) the Initial Cash Consideration, payable as provided
in Section 2.4; 
 (ii) the Assignment and Assumption Agreement, executed by the Buyer; 

(iii) the Indemnification Escrow Agreement and the Customer Renewal Escrow Agreement, executed by the Buyer and the Escrow Agent; and

 (iv) the certificate of the Chief Executive Officer or Chief Financial Officer of the Buyer dated as of the Closing Date
certifying that the conditions set forth herein have been satisfied in all respects. 
 Section 2.8 Third-Party
Consents. Notwithstanding the foregoing, nothing in this Agreement shall be construed as an attempt by the Company to assign any Assigned Contract to the extent that such Assigned Contract is not assignable without the necessary Consent of the
other party or parties thereto. From and after the date hereof (including after the Closing Date), the Buyer and the Company each agree to use good faith efforts, and to cooperate with each other, to obtain any such Consent necessary to transfer any
Assigned Contract. Additionally, the Company shall take or cause to be taken such actions in its name or otherwise as the Company may reasonably determine so as to provide the Buyer with the benefits of the Assigned Contracts and to effect
collection of money or other consideration that becomes due and payable to Buyer under such Assigned Contracts. The Company shall not be required to pay any compensation or other consideration, or incur any expenses, in connection therewith.
Following the Closing, pending or in the absence of any such Consent, the Buyer and the Company shall cooperate with each other in 

  
 17 

 
any reasonable and lawful arrangements to provide to the Buyer the benefits of use of any Assigned Contract that is not assignable to the Buyer. At such time that any such Consent has been
obtained, the Company shall provide the Buyer with a copy thereof, and thereafter, the Assigned Contract associated with such Consent shall be assigned or transferred to the Buyer automatically without any other conveyance or other action by the
parties. 
 Section 2.9 Sales Taxes. The Company shall bear and pay, and shall reimburse the Buyer for, any
sales Taxes, use Taxes, transfer Taxes, documentary charges, recording fees, or similar Taxes, charges, fees or expenses that may become payable in connection with the sale of the Assigned Assets to the Buyer or in connection with any of the other
Transactions. 
 Section 2.10 Bulk Transfer Laws. Buyer hereby waives compliance by Company with the
requirements and provisions of any “bulk transfer” Laws of any jurisdiction within the United States that may otherwise be applicable with respect to the sale of any or all of the Assigned Assets to Buyer; provided, however,
that Company agrees (i) to pay and discharge when due or to contest or litigate all claims of creditors which are asserted against Buyer or the Assigned Assets by reason of such noncompliance, (ii) to indemnify, defend and hold harmless
Buyer from and against any and all such claims in the manner provided in Article 6 and (iii) to take promptly all necessary action to remove any encumbrance which is placed on the Assigned Assets by reason of such noncompliance. 

ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY 
 Except as set forth in the
correspondingly numbered section of the Schedules attached hereto, the Company makes the following representations and warranties set forth herein to Buyer: Company acquired the Business and Business Records being transferred hereunder by purchase
on August 31, 2010. Certain of Company’s warranties and representations herein are limited or qualified by this period of ownership and operation of the Business of Company and further qualified as provided in Section 7.10.

 Section 3.1 Organization and Qualification. 

(a) The Company is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of
Nevada. The Company has the requisite corporate power and authority, and all necessary governmental approvals, to own, lease and operate its properties and to carry on its businesses as presently conducted. 

(b) The Company is duly qualified or licensed to transact business and is in good standing (or the equivalent thereof) in each
jurisdiction in which the ownership, leasing or operation of property by the Company or the nature of the business conducted by the Company makes such qualification or licensing necessary. 

Section 3.2 Authority. The Company has all requisite corporate power and authority to execute and deliver this
Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of
the Company. This Agreement has been duly executed and delivered by the Company and constitutes a valid, 

  
 18 

 
legal and binding agreement of the Company (assuming that this Agreement has been duly and validly authorized, executed and delivered by Company and Buyer), enforceable against the Company in
accordance with its terms, except (a) to the extent that enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting the enforcement of creditors’ rights generally and (b) to
the extent that the availability of equitable remedies, including, specific performance, is subject to the discretion of the court before which any proceeding thereof may be brought. 

Section 3.3 Company Financial Statements. 
 (a) Attached hereto as Schedule 3.3(a) are true and complete copies of the following financial statements (such financial statements, the “Financial Statements”), which have been
previously provided to Buyer: 
 (i) the audited balance sheet of the Company and the related audited statements of income and
cash flows for the following periods: fiscal year ended December 31, 2008; fiscal year ended December 31, 2009; fiscal period ended August 31, 2010; fiscal period ended December 31, 2010; and 

(ii) the unaudited balance sheet of the Company as of September 30, 2011 (the “Balance Sheet”) and the related
unaudited statements of income and cash flows for the nine (9) month period ending on such date. 
 (b) The Financial
Statements: (i) have been prepared from, and are in accordance with, the books and records of the Company; (ii) have been prepared in accordance with GAAP applied on a consistent basis throughout the periods covered thereby (except as may
be expressly indicated in the notes thereto and as set forth on Exhibit B and except, in the case of unaudited interim Financial Statements, for the absence of footnotes and subject to year-end adjustments in amounts that are immaterial in
nature, individually and in the aggregate, and consistent with past practice), and (iii) fairly present, in all material respects, the financial position of the Company as of the dates thereof and its results of operations for the periods then
ended, in accordance with GAAP (subject, in the case of the unaudited interim Financial Statements, to the absence of footnotes and to year-end adjustments). 
 Section 3.4 Consents and Approvals; No Violations. Assuming the truth and accuracy of the representations and warranties of Buyer set forth in Section 4.3, no notice to,
filing with, or authorization, consent or approval of any Governmental Entity is necessary for the execution, delivery or performance of this Agreement by the Company or the consummation by the Company of the transactions contemplated hereby.
Neither the execution, delivery and performance of this Agreement by the Company nor the consummation by the Company of the transactions contemplated hereby will, with or without due notice or lapse of time or both, individually or taken together
with any other event or election of any Person, or any combination thereof: (i) conflict with or result in any breach of any provision of the Company’s Governing Documents, or (ii) result in a violation or breach of, or cause
acceleration, or constitute a default (or give rise to any right of termination, cancellation or acceleration) or event of default, or require approval or the delivery of notice to any Person, under any of the terms, conditions or provisions of any
Contract (including any Lease) to which the Company is party or by which any of its properties or assets may be bound. 

  
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 Section 3.5 Significant Contracts. 

(a) Schedule 3.5(a) sets forth a true and complete list of the following Contracts to which the Company is a party or are
otherwise bound (the Contracts within any of the following categories (whether or not set forth on such Schedule), the “Significant Contracts”): 
 (i) all Contracts for the employment of any officer, individual employee or other Person on a full time, part-time or consulting providing annual compensation in excess of $50,000, other than any “at
will” contract that may be terminated by the Company upon thirty (30) days’ or less advance notice without penalty or further Liability, or that provide for any payments to such Person or other Liabilities of the Company upon a
termination of employment for any reason, and all Company Plans; 
 (ii) all Contracts under which the Company is lessee of or
holds, uses or operates any tangible property (other than real property), owned by any other Person, except for any Contract under which the aggregate annual rental payments do not exceed $10,000 and the total aggregate rental payments do not exceed
$50,000; 
 (iii) all Contracts (other than customer Contracts) under which the Company is lessor of or permits any third party
to hold, use or operate any tangible property (other than real property), owned or controlled by the Company, except for any Contract under which the aggregate annual rental payments do not exceed $10,000 and the total aggregate rental payments do
not exceed $50,000; 
 (iv) customer Contracts for the largest ten (10) customers of the Company (by gross revenue) for
each of the twelve (12) month period ended December 31, 2010 and the nine (9) month period ended September 30, 2011; 
 (v) all supply Contracts that are not terminable by the Company upon ninety (90) days’ or less notice without penalty or further Liability to the Company and that require more than $25,000 in
annual payments or more than $100,000 in total aggregate payments over the remainder of the term to be made by the Company; 

(vi) all Contracts that are terminable upon, or prohibit assignment upon, a change of control or ownership of the Company, a sale of the
Company’s assets, or the transactions contemplated by this Agreement; 
 (vii) any license or other agreement relating to
Intellectual Property Rights, other than licenses for generally commercially available, “off-the-shelf” software with total annual license fees less than $10,000 and with total aggregate license fees less than $50,000; or 

(viii) any other Contract that is material to the Business. 

  
 20 

 (b) To the Company’s knowledge, all Significant Contracts are valid, binding and
enforceable in accordance with their terms against the Company and each other party thereto, and are in full force and effect. The Company has performed all material obligations imposed on it under such Contracts, and neither the Company nor any
other party thereto is in material default thereunder, nor is there any event that with notice or lapse of time, or both, would constitute a material default by the Company or, to the knowledge of the Company, any other party thereunder. To the
Company’s knowledge, there is no pending disagreement or dispute with any other party to any Significant Contract, nor is there any pending request or process for amendment of any Significant Contract. Accurate and complete copies of each
written Significant Contract (and written summaries of the terms of any oral Significant Contract) have been delivered or otherwise made available to Buyer. As of the date of this Agreement, the Company has not received any notification that any
party to a Significant Contract intends to cancel, terminate, materially modify, refuse to perform or refuse to renew such Contract (if such Contract is renewable) except as disclosed herein. 

Section 3.6 Absence of Changes. During the period beginning on September 1, 2010 and ending on the date of this
Agreement, the Company has conducted the Business in the ordinary course. During the period beginning January 1, 2011 and ending on the date of this Agreement, there has not been any change, event or development, or prospective change, event or
development not disclosed herein that, individually or in the aggregate, has or is reasonably likely to have a Material Adverse Effect. For purposes of this Agreement, “Material Adverse Effect” means any event, change, circumstance,
occurrence, effect or state of facts that is or would reasonably be expected to be materially adverse to the Business or a material portion of the Assigned Assets. 
 Section 3.7 Litigation. There is no Action pending or, to the Company’s knowledge, threatened or under investigation against the Company before any Governmental Entity. The Company
is not subject to any outstanding writ, judgment, injunction, rule, order or decree. 
 Section 3.8 Compliance
with Applicable Law. (a) The Company holds all permits, licenses, approvals, certificates and other authorizations of and from all, and has made all declarations and filings with, Governmental Entities necessary for the lawful conduct of
the Business as presently conducted and as conducted consistent with past practice; (b) to the Company’s knowledge, the Company and the Business are operated in compliance with all applicable Laws, policies and guidelines of all
Governmental Entities; and (c) there is no Action pending or, to the Company’s knowledge, threatened by any Governmental Entity with respect to any alleged violation by the Company of any Law, policy or guideline of any Governmental
Entity. 
 Section 3.9 Environmental Matters. The Company has not received any written notice or claim of any
violation of, or Liability under any Environmental Laws. 
 Section 3.10 Intellectual Property. The Company
owns, licenses or otherwise has a valid and enforceable right to use all Intellectual Property Rights material to the conduct of the Business as currently conducted (the “Company Intellectual Property”). Schedule 3.10 sets
forth a list of all (a) patents and other registrations of Intellectual Property Rights owned by the Company; (b) patent applications or applications for registration of other Intellectual Property Rights owned by the Company; and
(c) material unregistered Intellectual Property Rights owned by the Company 

  
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(collectively, the “Owned Intellectual Property”). All of the registrations, issuances and applications set forth on Schedule 3.10 are valid, in full force and effect. The
Company exclusively owns all right, title and interest in and to the Owned Intellectual Property free and clear of all Liens. There is not pending or, to the Company’s knowledge, threatened against the Company any claim by any third party
contesting the use of any Company Intellectual Property or the ownership of any Owned Intellectual Property by the Company, or alleging that the Company is infringing any Intellectual Property Rights of a third party in any material respect. There
are no claims pending that have been brought by the Company against any third party alleging infringement of any Company Intellectual Property Rights and the Company has no present intention of bringing any such claims against any third parties. To
the Company’s knowledge, all material software required for the operation of the Business performs in all material respects in conformance with the purposes and functionality for which it is intended. The Company takes reasonable precautions,
consistent with its internal policies and procedures and, to the knowledge of the Company, in compliance with all applicable Laws, to protect personally identifiable information provided by its customers from unauthorized disclosure or use. None of
the Company’s customer Contracts require the Company to maintain a disaster recovery plan to safeguard its customers’ information in the event of a disaster. The Company has made back-ups of all material software and data of the Company
that cannot be easily recreated or restored, and has arranged for such back-ups at a secure location. 
 Section 3.11
Insurance. Schedule 3.11 contains a true and complete list of all insurance policies owned or held by the Company or for the benefit of the Business, specifying the insurer, the amount of and nature of coverage, the risk insured
against, the deductible amount (if any) and the date through which coverage shall continue by virtue of premiums already paid, and all fidelity bonds and other forms of insurance (the “Insurance Policies”), together with the claims
history or circumstances reported which could give rise to a claim for the Company during the past three (3) years with respect to claims relating to the Company or the Business. All of the Insurance Policies are in full force and effect, the
Company has not reached or exceeded its policy limits for any Insurance Policy, all premiums with respect thereto covering all periods up to and including the Closing Date have been paid and no notice of cancellation or termination has been received
by the Company with respect to any such Insurance Policies. The Company has previously provided to Buyer true and complete copies of all Insurance Policies. 
 Section 3.12 Tax Matters. 
 (a) The Company is a wholly owned
Nevada limited liability company. The Company is, and at all times has been, a disregarded entity for federal income tax purposes and has no obligation to file a separate federal income tax return. 

(b) The owner of the Company or the Company have prepared and duly filed with the appropriate domestic, federal, state, local and foreign
taxing authorities all material tax returns, information returns, statements, forms, filings, reports, declarations, elections, disclosures, claims for refunds, estimates and other information, including any schedule or attachment thereto or
amendment thereof (each a “Tax Return”) required to be filed by or with respect to the Company and all such Tax Returns are true, correct and complete in all material respects, and no material fact has been omitted therefrom. The
Company has not incurred any Tax Liabilities which are not reflected on its financial statements. The Company has timely withheld 

  
 22 

 
or collected from its employees, independent contractors, creditors, stockholders and third parties all material Taxes required to be withheld or collected by the Company and all such Taxes have
been timely paid over to the appropriate Governmental Entity in compliance with all Tax withholding and remitting provisions of applicable Laws, and the Company has complied in all material respects with all Tax information reporting provisions of
all applicable Laws. 
 (c) All Taxes due and payable by the Company (whether or not shown on any Tax Return) have been paid in
full or are accrued as Liabilities for Taxes on the books and records of the Company. 
 (d) The Company has not received from
any taxing authority any written notice of proposed adjustment, deficiency, underpayment of Taxes or any other such written notice which has not been satisfied by payment or been withdrawn and, to the Company’s knowledge, no other proposed
adjustments, deficiency or underpayment of Taxes is pending. 
 (e) There are no Liens for Taxes upon the assets or properties
of the Company. 
 Section 3.13 Company Brokers. No broker, finder, financial advisor or investment banker,
other than Bank Street (whose fees shall be included as Transaction Expenses to the extent not paid prior to the Closing), is entitled to any broker’s, finder’s, financial advisor’s or investment banker’s fee or commission in
connection with the transactions contemplated by this Agreement based upon arrangements made by and on behalf of the Company. 

Section 3.14 Real Property. 
 (a) As of the Closing, the Company does not own any real property . Schedule 3.14(a) sets forth a true, correct and complete list of all leases, subleases, licenses or Contracts, including all
modifications thereof and amendments thereto including the Facility Lease (each, a “Lease”), under which the Company leases, subleases, licenses or otherwise uses, operates or holds real property in connection with or otherwise
related to the Business (such real property, the “Leased Real Property”). The Company has a valid leasehold interest in the Leased Real Property, free and clear of all Liens, other than Permitted Liens, and each Lease is valid,
binding and in full force and effect, enforceable against the Company in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting the enforcement of creditors’ rights generally
and general principles of equity. True, correct and complete copies of all Leases have been provided to Buyer. 
 (b) The
Company has performed all material obligations imposed on it under the Lease, and neither the Company nor any other party thereto is in material default thereunder, nor is there any event that with notice or lapse of time, or both, would constitute
a material default by the Company or, to the knowledge of the Company, any other party thereunder. The Company has not received or delivered any written notice of any default under any Lease. There is no pending disagreement or dispute with any
other party to any Lease, nor is there any pending request or process for amendment of any Lease. 
 (c) The Leased Real
Property constitutes all of the real property utilized by the Company in the operation of the Business as presently conducted and is sufficient to carry on the Business as presently conducted and as conducted consistent with past practice.

  
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 (d) There is no pending or, to the Company’s knowledge, threatened appropriation,
condemnation or like Action affecting the Leased Real Property or any part thereof or any sale or other disposition of the Leased Real Property or any part thereof in lieu of condemnation, and the Company has not received any written notice of any
such appropriation, condemnation or like Action. 
 (e) To the Company’s knowledge, the use of the Leased Real Property, or
any portion thereof and the improvements erected thereon, does not, in any material respect, breach, violate or conflict with (i) any covenants, conditions or restrictions applicable thereto, or (ii) the terms and provisions of any
Contract relating thereto. 
 Section 3.15 Customers and Suppliers. Schedule 3.15 sets forth a true
and complete list of (a) the ten (10) largest suppliers of the Company (with respect to net purchases) and (b) the ten (10) largest customers of the Company (by gross revenue), for the twelve (12) month period ended
December 31, 2010 and the nine (9) month period ended September 30, 2011. The Company has not received notice, or have any knowledge, of any termination or cancellation (or substantial reductions of purchases, sales or use of services
or products) by any such supplier or customer relating to its business relationship with the Company. Such statement does not warrant or imply that such customers or suppliers will renew any contractual relationships after expiration of the term of
existing contracts, as such decisions are market driven. 
 Section 3.16 Accounts Receivable. All outstanding
accounts receivable of the Company reflected on the Financial Statements, are reflected properly in the books and records of the Company, are valid receivables arising from the sale of services to Persons not Affiliated with the Company in the
ordinary course of business consistent with past practice, are not subject to any setoffs or counterclaims and are current and collectible, except to the extent of any reserves set forth in the Financial Statements. All accounts receivable created
since the Balance Sheet arose from the sale of services to Persons not Affiliated with the Company in the ordinary course of business consistent with past practice. Except as disclosed in reasonable detail in Schedule 3.16, since the Balance
Sheet, the Company has not canceled, or agreed to cancel, in whole or in part, any accounts receivable. 
 Section 3.17
Personal Property. As of the Closing, the Company has good and marketable title to, or a valid leasehold interest in, the Assigned Assets and all equipment and other personal property, (other than Intellectual Property Rights, which are
addressed in Section 3.10), free and clear of all Liens (other than Permitted Liens and Liens identified on Schedule 3.17). Except as set forth on Schedule 3.17, the Assigned Assets, including all equipment, and other items
of tangible personal property owned, leased, subleased, licensed or used by the Company are (a) in the aggregate, sufficient to carry on their respective businesses as presently conducted and as conducted consistent with past practice,
(b) in adequate operating condition and capable of being used for their intended purposes, ordinary wear and tear excepted and (c) usable in the ordinary course of business. The Company owns all assets and rights necessary to conduct the
Business as currently conducted. 
 Section 3.18 Employees. Schedule 3.18 sets forth a list of all
employees of the company, as well as each such employee’s date of hire, current salary, and any bonus, deferred compensation or other arrangement with respect to each such employee. Company has provided Buyer with a 

  
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copy of proposed letter agreement between Company and Brent Rambo regarding compensation for renewal of United Online Customer Renewal described in Section 2.4(b)(ii) which is
acceptable to Buyer. 
 Section 3.19 Assets to Operate Business. Company warrants the Assigned Assets
comprise all the assets used by Company to operate the Business and are sufficient to allow the Buyer to continue to operate the Business as previously operated by Company. 
 Section 3.20 Exclusivity of Representations and Warranties. THE REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY SET FORTH IN THIS ARTICLE 3 ARE THE ONLY REPRESENTATIONS AND
WARRANTIES REGARDING THE COMPANY AND THE BUSINESS, THE SUBJECT MATTER OF THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. EXCEPT AS SET FORTH HEREIN, THE COMPANY EXPRESSLY DISCLAIMS ANY OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND OR
NATURE, EXPRESS OR IMPLIED, AS TO THE CONDITION, VALUE OR QUALITY OF ITS BUSINESS OR ITS ASSETS, AND THE COMPANY SPECIFICALLY DISCLAIMS ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, USAGE, SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH
RESPECT TO ITS ASSETS, ANY PART THEREOF, THE WORKMANSHIP THEREOF, AND THE ABSENCE OF ANY DEFECTS THEREIN, WHETHER LATENT OR PATENT. 
 ARTICLE 4 
 REPRESENTATIONS AND WARRANTIES OF BUYER 

Buyer hereby represents and warrants to the Company as follows: 
 Section 4.1 Organization. Buyer is a corporation, duly organized, validly existing and in good standing under the laws of the State of Delaware. Buyer has all requisite power and
authority, and all necessary governmental approvals, to carry on its businesses as now being conducted. 
 Section 4.2
Authority. Buyer has all requisite power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby have been duly authorized by all necessary corporate action on the part of Buyer. No vote of Buyer’s equity holders is required to approve this Agreement or for Buyer to consummate the transactions contemplated hereby. This
Agreement has been duly and validly executed and delivered by Buyer and constitutes a valid, legal and binding agreement of Buyer (assuming that this Agreement has been duly and validly authorized, executed and delivered by the Company), enforceable
against Buyer in accordance with its terms, except (a) to the extent that enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting the enforcement of creditors’ rights generally
and (b) to the extent that the availability of equitable remedies, including specific performance, is subject to the discretion of the court before which any proceeding thereof may be brought. 

  
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 Section 4.3 Consents and Approvals; No Violations. Assuming the truth and
accuracy of the Company’s representations and warranties contained in Section 3.4, no notice to, filing with, or authorization, consent or approval of any Governmental Entity is necessary for the execution, delivery or performance
of this Agreement by Buyer or the consummation by Buyer of the transactions contemplated hereby, except for those set forth on Schedule 4.3. Neither the execution, delivery and performance of this Agreement by Buyer nor the consummation by
Buyer of the transactions contemplated hereby will (a) conflict with or result in any breach of any provision of Buyer’s Governing Documents, (b) result in a violation or breach of, or cause acceleration, or constitute (with or
without due notice or lapse of time or both) a default (or give rise to any right of termination, cancellation or acceleration) or event of default, or require approval or the delivery of notice to any Person, under any of the terms, conditions or
provisions of any Contract to which Buyer is a party or by which any of its properties or assets may be bound or (c) conflict with or violate any writ, injunction, decree or Law of any Governmental Entity applicable to Buyer or any of its
properties or assets, except in the case of clause (b) above, for violations which would not prevent the consummation of the transactions contemplated hereby. 
 Section 4.4 Brokers. No broker, finder, financial advisor or investment banker is entitled to any brokerage, finder’s, financial advisor’s or investment banker’s fee or
commission in connection with the transactions contemplated by this Agreement based upon arrangements made by and on behalf of Buyer or any of its respective Affiliates. 
 Section 4.5 Acknowledgement by Buyer. Buyer acknowledges and agrees that it (i) has conducted its own independent review and analysis of, and, based thereon, has formed an
independent judgment concerning, the Business, assets, condition, operations and prospects of the Company, and (ii) has been furnished with or given full access to such information about the Company and its businesses and operations as it has
requested. In entering into this Agreement, Buyer has relied solely upon its own investigation and analysis and the representations and warranties of the Company set forth in this Agreement, and Buyer acknowledges that, other than as set forth in
this Agreement, none of the Company nor any of its directors, officers, employees, Affiliates, stockholders, agents or Representatives makes or has made any representation or warranty, either express or implied, (A) as to the accuracy or
completeness of any of the information provided or made available to Buyer or any of its agents, Representatives, lenders or Affiliates prior to the execution of this Agreement and (B) with respect to any projections, forecasts, estimates,
plans or budgets of future revenues, expenses or expenditures, future results of operations (or any component thereof), future cash flows (or any component thereof) or future financial condition (or any component thereof) of the Company heretofore
delivered to or made available to Buyer or any of its respective agents, Representatives, lenders or Affiliates. 

Section 4.6 Exclusivity of Representations and Warranties. THE REPRESENTATIONS AND WARRANTIES OF BUYER SET FORTH IN
THIS ARTICLE 4 ARE THE ONLY REPRESENTATIONS AND WARRANTIES OF BUYER, THE SUBJECT MATTER OF THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
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 ARTICLE 5 
 COVENANTS 
 Section 5.1 Tax Matters. 

(a) Allocation of the Purchase Price. 
 (i) The Purchase Price (including the Assumed Liabilities, to the extent properly taken into account under the Code) shall be allocated among the Assigned Assets as set forth in a schedule (the
“Allocation Schedule”). The allocation set forth on the Allocation Schedule (the “Allocation”) shall be prepared in accordance with Section 1060 of the Code and the Treasury Regulations thereunder, and
corresponding provisions of similar state, local or foreign Tax Laws. Buyer shall deliver the Allocation Schedule to Company within fifteen (15) days after the Closing Date for Company’s review of such Allocation Schedule, and Buyer shall
reflect in such Allocation Schedule any comments or changes proposed by Company within fifteen (15) days after the Company’s receipt of the Allocation Schedule and that are reasonably acceptable to Buyer no later than fifteen
(15) days after receipt of Company’s comments. 
 (ii) Buyer and Company (which, for purposes of this
Section 5.1(a)(ii), shall include their respective Affiliates, to the extent applicable) shall file all applicable Tax Returns (including, without limitation, IRS Form 8594) consistent with the Allocation. Neither Buyer nor Company shall
take any Tax position inconsistent with such Allocation (including, without limitation, in any audits or examinations by any Government Body or any other proceeding) unless otherwise required by applicable Law. Not later than thirty (30) days
prior to the filing of their respective IRS Forms 8594 relating to this transaction, each of Buyer and Company shall deliver to the other Party a copy of its IRS Form 8594. If the Purchase Price is adjusted pursuant to this Agreement, the Allocation
shall be adjusted in a manner consistent with the procedures set forth in this Section and, to the extent necessary, the Parties shall file supplemental IRS Forms 8594 and deliver a copy to the other Party not later than thirty (30) days prior
to such filing. 
 (b) Property Taxes. Property taxes attributable to the year of the Closing that includes the Closing
Date which are not otherwise accrued as Working Capital and considered in the Proposed Closing Statement shall be prorated between the Company and the Buyer. 
 Section 5.2 Public Announcements. No Party hereto shall make, or cause to be made, any press release or public announcement in respect of this Agreement or the transactions contemplated
hereby or otherwise communicate with any news media, except in accordance with this Section 5.2. Buyer, on the one hand, and the Company, on the other hand, shall consult with one another and seek one another’s approval before
issuing any press release, or otherwise making any public statements, with respect to the transactions contemplated by this Agreement and shall not issue any such press release or make any such public statement prior to such consultation and
approval; provided that Buyer or Company may make any such announcement which it in good faith believes, based on advice of counsel, is required by Law, it being understood and agreed that such Party shall provide the other Party with copies
of, and the opportunity to comment on, any such announcement in advance of such issuance and shall use reasonable efforts to incorporate such comments therein. 

  
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 Section 5.3 Documents and Information. After the Closing Date, the
Company shall retain, until the sixth (6th) anniversary of the Closing Date, all material books, records and other documents pertaining to the Business in existence on the Closing Date and make the same available for inspection by the Buyer, at
the Company’s offices. 
 Section 5.4 Non-Solicitation of Employees; Non-Competition. 

(a) Non-Solicitation. As a separate and independent covenant, the Company hereby acknowledges and agrees that it shall not, and
shall cause its Affiliates not to, directly or indirectly, (i) for a period of two (2) years following the Closing, directly or indirectly, interfere with or attempt to interfere with any officers, employees or consultants of the Buyer or
induce or attempt to induce any of them to leave the employ of the Buyer, violate the terms of any employment arrangements with Buyer or (ii) for a period of six (6) months following the Closing Date, in the case of any officers, employees
or consultants of the Buyer, hire any of them to be employed; provided, however, that the foregoing shall not prohibit (A) any general solicitation to the public by way of general advertising, or (B) solicitation, hiring or
engagement of consultants of the Company for purposes that are not Competitive Activities; provided that such consultants are not officers or employees of the Company. 
 (b) Non-Competition by Company and Affiliates. As a separate and independent covenant, the Company hereby acknowledges and agrees that it shall not, and shall cause its Affiliates not to, for a
period of two (2) years following the Closing, directly or indirectly, (i) engage or participate in or assist any other Person in engaging or participating in the operation of data centers or providing managed hosting, data center managed
services, colocation, data storage services, web-hosting, or data center network services, in each case, substantially in the manner that the Business was conducted prior to the Closing (collectively, “Competitive Activities”) in
the Territory, other than with the prior written consent of the Buyer (which may be withheld in its sole and absolute discretion); (ii) have any interest in any Person that engages, directly or indirectly, in Competitive Activities in the
Territory in any capacity, including as a partner, stockholder, member, director, officer, employee, principal, agent, trustee, consultant or other Representative; (iii) solicit or divert any actual or prospective client or customer of Buyer to
the extent that such solicitation or diversion is related to Competitive Activities or cause, induce or encourage any such actual or prospective client or customer to terminate or modify any such actual or prospective relationship with the Buyer; or
(iv) take any action that would reasonably be expected to cause, induce or encourage any actual or prospective supplier or licensor of the Buyer, or any other Person who has a material business relationship with the Buyer with respect to the
Business, to terminate or modify any such actual or prospective relationship with the Buyer, in each case, to the extent such action is related to Competitive Activities. 
 (c) Further Agreement. Company and its Affiliates acknowledge that the restrictions contained in Section 5.4(a) and (b), as applicable, are reasonable and necessary to protect
the legitimate business interests of Buyer in purchasing the Business assets of Company and constitutes a material inducement to Buyer to enter into this Agreement and consummate the transactions contemplated by this Agreement. In the event that any
covenant contained in Section 5.4(a) and (b) should ever be adjudicated to exceed the time, geographic, product or service or other limitations permitted by applicable Law in any jurisdiction, then any court is expressly
empowered to reform such covenant, and such covenant shall be deemed reformed, in such 

  
 28 

 
jurisdiction to the maximum time, geographic, product or service or other limitations permitted by the applicable Law of such jurisdiction and shall be enforced as so reformed. The covenants
contained in Section 5.4(a) and (b) and each provision hereof are severable and distinct covenants and provisions. Without limiting the generality of Section 7.8, the invalidity or unenforceability of any such
covenant or provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or
provision in any other jurisdiction. 
 (d) For purposes of this Section, the noncompetition covenant for Gary Patten and
Pauline Long shall be limited to Clark County, Nevada, and contiguous surrounding counties around Clark County, Nevada; provided however, that the foregoing clause shall not apply to Section 5.4(b)(iii), which shall not be limited
geographically, but only with respect to data center services. 
 Section 5.5 Confidentiality. Following the
Closing Date, each of the Company and Company Affiliates acknowledges and agrees that such Party shall not use any trade secrets or any confidential, proprietary or other nonpublic information related to the Company or the Business, including
pricing information and customer lists (collectively, “Confidential Information”) and shall treat the Confidential Information as confidential and, subject to applicable Law, not disclose or reveal any Confidential Information to
any other Person without the prior written consent of Buyer. In the event that any Company Affiliate is requested pursuant to, or required by, applicable Law, to disclose any Confidential Information, such Company Affiliate shall provide Buyer
prompt notice of such request or requirement in order to enable Buyer to seek an appropriate protective order or other remedy, to consult with such Company Affiliate (and such Company Affiliate shall reasonably cooperate with Buyer) with respect to
actions to resist or narrow the scope of such request or requirement or to waive compliance, in whole or in part, with the terms of this Section. In the event that any protective order or other remedy contemplated by this Section is not obtained, or
Buyer shall waive compliance with this Section, in whole or in part, such Company Affiliate shall disclose only that portion of the Confidential Information that such Company Affiliate determines in good faith, based on advice of counsel, is legally
required to be disclosed under applicable Law and shall use its best efforts to ensure that all Confidential Information so disclosed shall be accorded confidential treatment. Each Company Affiliate shall cause its Affiliates and Representatives to
comply with the provisions of this Section and shall be liable for any breach hereof by any such Affiliates or Representatives. Notwithstanding anything in this Agreement to the contrary, Confidential Information shall not include any information
that (a) is or becomes generally available to the public other than as a result of a disclosure in violation of this Agreement, (b) becomes available on a non-confidential basis from a source other than the Company; provided that
such Company Affiliate has no reasonable basis to believe that such source is bound by a confidentiality agreement or other obligation of secrecy to the Company or Buyer or (c) following the third (3rd) anniversary of the date hereof,
pricing information and customer lists. For the avoidance of doubt, Confidential Information shall not include general knowledge of the industry in which the Company operates. Each of the Company and Buyer hereby acknowledges and agrees that the
Confidentiality Agreement shall hereby be terminated and of no further force and effect, effective as of the Closing. 

  
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 Section 5.6 Post-Closing Turnover of Proceeds and Assets Received by Company
and Other Obligations. Company shall promptly report to Buyer and turn over to Buyer any payments or proceeds received from Assigned Assets after Closing and shall advise the paying party that future payments are to be made to Buyer. 

Section 5.7 Post-Closing Payment of Assumed Liabilities by Buyer. Buyer shall pay and provide monthly reports to
Company, with supporting information if requested by Company, evidencing Buyer’s timely payment after Closing of Assumed Liabilities, including any vacation pay owed to former Company employees and agreed to be paid by Buyer. 

Section 5.8 Transition Assistance for Microsoft Dynamic Software Data Transfer. Company agrees to assist Buyer as
reasonably requested by Buyer to accomplish the transfer of Company data from Company’s Microsoft Dynamic Software to Buyer’s system. Company representatives shall not be required to work at the Business location unless necessary to the
process. When the transition process is complete, Buyer and Company shall cooperate to transfer such Microsoft Dynamic Software (with all data) to the Company. 
 ARTICLE 6 
 SURVIVAL OF REPRESENTATIONS, 

WARRANTIES AND COVENANTS; INDEMNIFICATION 
 Section 6.1 Survival of Representations, Warranties and Covenants. The representations and warranties of the Company contained in this Agreement (whether or not contained in Article
3 or in any certificate delivered pursuant hereto) shall survive the Closing until the date that is twelve (12) months after the Closing Date (the “General Survival Period Termination Date”); The Statute of Limitations
Representations and Warranties shall survive six (6) months after the date upon which all Liability to which any such claim may relate is barred by all applicable statutes of limitations (taking into account any applicable extensions) and
Fundamental Representations and Warranties shall survive indefinitely. The representations and warranties of Buyer contained in this Agreement (whether or not contained in Article 4) shall survive the Closing until the General Survival Period
Termination Date. All covenants contained herein (other than the covenants contained in Section 5.1) shall survive the Closing until performed in full in accordance with their respective terms. The covenants contained in
Section 5.1 shall survive the Closing and remain in full force and effect until the date which is six (6) months after the date upon which all Liability to which any such claim may relate is barred by all applicable statutes of
limitations (taking into account any applicable extensions). If written notice of a claim has been given prior to the expiration of the applicable representation, warranty, covenant or agreement, then the relevant representation, warranty, covenant
or agreement shall survive as to such claim, until such claim has been finally resolved. 

  
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 Section 6.2 General Indemnification. 

(a) Subject to the other provisions of this Article 6, from and after the Closing, the Company shall indemnify, defend and hold
Buyer and its Affiliates, Representatives, equity holders, members, managers and partners and their respective successors and assigns (each, a “Buyer Indemnitee”) harmless from any and all Liabilities, claims of any kind, interest
or expenses (including reasonable attorneys’ fees and expenses) (each, a “Loss”) suffered or paid, directly or indirectly, as a result of, in connection with, or arising out of: 

(i) any breach of any representation or warranty of the Company contained in Article 3 (other than any Fundamental
Representations and Warranties and any Statute of Limitations Representations and Warranties contained in Article 3) or in any certificate delivered by the Company to Buyer pursuant to this Agreement; 

(ii) any breach of any Fundamental Representations and Warranties or any Statute of Limitations Representations and Warranties contained
in Article 3; 
 (iii) without limiting Section 6.2(b)(i) or Section 6.2(b)(ii), any Excluded
Liabilities; and 
 (iv) any breach by Company of its respective covenants or agreements contained herein that are to be
performed on or following the Closing Date. 
 (b) Subject to the other provisions of this Article 6, from and after the
Closing, the Buyer shall indemnify, defend and hold Company and its respective Affiliates and Representatives and their respective successors and assigns (each, a “Company Indemnitee”) harmless from any Loss suffered or paid,
directly or indirectly, as a result of, in connection with, or arising out of: 
 (i) any breach of any representation or
warranty made by Buyer contained in Article 4 or in any certificate delivered by the Buyer pursuant to this Agreement; 

(ii) any breach by Buyer of any of its respective covenants or agreements contained herein that are to be performed on and following the
Closing Date; and 
 (iii) without limiting Section 6.2(a)(i) or Section 6.2(a)(ii), any Liabilities
arising following the Closing to the extent related to the operation or conduct of Business (including the ownership of its properties and other assets) following the Closing Date. 

Section 6.3 Indemnification Procedure for Third Party Claims. 

(a) If a claim, action, suit or proceeding by a Person who is not a Party or an Affiliate thereof (a “Third Party
Claim”) is made against any Person entitled to indemnification pursuant to Section 6.2 hereof (an “Indemnified Party”), and if such Person intends to seek indemnity with respect thereto under this Article
6, such Indemnified Party shall promptly give a Notice of Claim to the Party obligated to indemnify such Indemnified Party (such notified Party, the “Responsible Party”); provided that the failure to give such Notice of
Claim shall not relieve the Responsible Party of its obligations hereunder, except to the extent that the Responsible Party is actually prejudiced thereby. The Responsible Party shall have the right, but not the obligation, within thirty
(30) days after receipt of such Notice of Claim to assume the conduct and control, through counsel reasonably acceptable to the Indemnified Party at the expense of the Responsible Party, of the settlement or defense thereof; provided,
however, that such Responsible Party will not be entitled to assume (or, in the case of clause (iii) below, will be entitled to assume jointly with the Indemnified Party) the settlement or defense of any such Third Party Claim if:
(i) such Responsible 

  
 31 

 
Party shall not have acknowledged in writing its obligation to indemnify the Indemnified Party in respect of such Third Party Claim pursuant to this Agreement; (ii) such claim, based on the
remedy being sought, could result in criminal Liability of, or equitable remedies against, the Indemnified Party; (iii) the Indemnified Party reasonably believes (based upon the advice of its counsel) that the interests of the Responsible Party
and the Indemnified Party with respect to such claim are in actual or potential conflict with one another, and as a result, the Responsible Party could not adequately represent the interests of the Indemnified Party in such claim; or (iv) the
claim is subject to the Cap, if applicable, and asserts an amount of Losses which, when taken together with all amounts paid to the Indemnified Party for resolved indemnification claims that are subject to the Cap and the maximum aggregate amount of
Losses alleged in all other unresolved indemnification claims that are subject to the Cap, exceeds the Cap; provided, further that the Indemnified Party shall cooperate with the Responsible Party in connection therewith and the
Responsible Party shall permit the Indemnified Party to participate in such settlement or defense through counsel chosen by such Indemnified Party (it being understood that the fees and expenses of such counsel shall be borne by such Buyer
Indemnitee). 
 (b) During the thirty (30) day period described in Section 6.3(a) (or until the Responsible
Party delivers a written notice assuming the defense of the applicable Third Party Claim in accordance with Section 6.3(a), the Indemnified Party may (at the Indemnified Party’s expense) make such filings, including motions for
continuance (and answers if a motion for continuance has not been granted), as may be necessary to preserve the Parties’ positions and rights with respect to such claim. In the event, however, that the Responsible Party declines or fails to
assume the defense of the Third Party Claim on the terms provided in Section 6.3(a), or to employ counsel reasonably satisfactory to the Indemnified Party, in either case, within such thirty (30) day period, or if the Responsible
Party is not entitled to assume the defense of the Third Party Claim in accordance with Section 6.3(a), then the Responsible Party shall pay the reasonable and documented fees and disbursements of counsel for the Indemnified Party as
incurred; provided, however, that the Responsible Party shall not be required to pay the fees and disbursements of more than one counsel for all indemnified parties in any jurisdiction in any single Action. 

(c) Notwithstanding anything to the contrary set forth in Section 6.3(a) or (b), (i) the Responsible Party shall
not, without the prior written consent of the Indemnified Party (such consent not to be unreasonably delayed or withheld), consent to the entry of any judgment or enter into any settlement or compromise with respect to any Third Party Claim unless
the judgment or proposed settlement or compromise (A) involves only the payment of money damages that is payable in full by the Responsible Party and does not impose an injunction, other equitable relief or term upon the Indemnified Party that
in any manner affects, restrains or interferes with the business of the Indemnified Party and any of such Indemnified Party’s Affiliates, (B) includes an unconditional release of the Indemnified Party and its or his Affiliates,
Representatives, equity holders, members, managers and partners and their respective successors and assigns from all Liability arising out of or related to such claim and (C) does not contain any admission or statement suggesting any wrongdoing
or Liability on behalf of the Indemnified Party, and (ii) the Indemnified Party shall not, without the prior written consent of the Responsible Party (such consent not to be unreasonably delayed or withheld), consent to the entry of any
judgment or enter into any settlement or compromise with respect to any Third Party Claim if the Responsible Party shall have any Liability as a result thereof. 

  
 32 

 (d) All of the Parties shall reasonably cooperate in the defense or prosecution of any Third
Party Claim in respect of which indemnity may be sought hereunder and each of Buyer and the Company (or a duly authorized Representative of such Party) shall furnish such records, information and testimony, and attend such conferences, discovery
proceedings, hearings, trials and appeals, as may be reasonably requested in connection therewith; provided, however, that in no event shall a Party be required to make available to any other Party any Privileged Information.

 Section 6.4 Indemnification Procedure for Non-Third Party Claims. In the event that an Indemnified Party
determines that he or it may be entitled to indemnification pursuant to this Article 6 for an item or matter that is not the subject of a Third Party Claim, such Indemnified Party shall promptly give a Notice of Claim to the Responsible
Party; provided that the failure to give such Notice of Claim shall not relieve the Responsible Party of its obligations hereunder, except to the extent that the Responsible Party is actually prejudiced thereby. In the event the Responsible
Party disputes its Liability with respect to such claim, as promptly as possible, such Indemnified Party and the Responsible Party shall establish the merits and amount of such claim (by mutual agreement, litigation or otherwise) and, within five
(5) Business Days following the final determination of the merits and amount, if any, of such claim, the Responsible Party shall pay, or cause to be paid, to the Indemnified Party by wire transfer of immediately available funds to an account
designated by the Indemnified Party, an amount equal to such claim as determined hereunder, subject to the limitations set forth in Section 6.5. 
 Section 6.5 Limitations on Indemnification Obligations. 
 (a)
Notwithstanding anything in Section 6.2 to the contrary: 
 (i) the amount of any and all indemnifiable Losses
shall be determined net of any amounts actually recovered by the Indemnified Party under insurance policies or other collateral sources (such as contractual indemnities of any Indemnified Party which are contained outside of this Agreement) with
respect to such Losses (net of any costs of recovery, insurance deductibles, chargebacks and to the extent reasonably quantifiable, increases in insurance premiums resulting from such insurance claim); 

(ii) the Buyer Indemnitees shall not be entitled to recover for any Losses pursuant to Section 6.2(a)(i) and
Section 6.2(a)(ii) unless and until the aggregate amount of such Losses pursuant to Section 6.2(a)(i) and Section 6.2(a)(ii) equals or exceeds Two Hundred Fifty Thousand Dollars ($250,000) (the
“Deductible”); provided that if the aggregate amount of such Losses (limited as provided in Section 6.5(a)) pursuant to Section 6.2(a)(i) and Section 6.2(a)(ii) equals or exceeds the
Deductible, the Buyer Indemnitees shall be entitled to recover those Losses in excess of the Deductible, subject to the limitations in Section 6.5(a)(iii); 
 (iii) the maximum amount of indemnifiable Losses arising out of or resulting from the causes set forth in Section 6.2(a)(i) which may be recovered from the Company, and the maximum amount of
indemnifiable Losses arising out of or resulting from the causes set forth in Section 6.2(b)(i) which may be recovered from Buyer, whether pursuant to any single claim or multiple claims, shall not exceed a total amount equal to five
percent (5%) of the Purchase Price (the “Cap”); 

  
 33 

 (iv) the Company Indemnitees shall not be entitled to recover for any Losses pursuant to
Section 6.2(b)(i) unless and until the aggregate amount of such Losses pursuant to Section 6.2(b)(i) equals or exceeds the Deductible; provided that if the aggregate amount of such Losses pursuant to
Section 6.2(b)(i) equals or exceeds the Deductible, the Company Indemnitees shall be entitled to recover those Losses in excess of the Deductible, subject to the limitation set forth in Section 6.5(a)(iii) and
Section 6.5(a)(iv); and 
 (v) in determining the amount of any Loss, no adjustment shall be made as a result of
any multiple, increase factor, or any other premium over fair market, book or historical value which may have been paid by Buyer as part of the Purchase Price whether or not such multiple, increase factor or other premium has been used by Buyer at
the time of, or in connection with, calculating or preparing its bid or any preliminary or final Purchase Price. 

Section 6.6 Exclusive Remedy; First Recourse to Indemnification Escrow. 

(a) Notwithstanding anything contained herein to the contrary, except with respect to Section 2.5 and
Section 5.4(a), and in the case of fraud, indemnification pursuant to the provisions of this Article 6 shall be the exclusive remedy for the Parties for any misrepresentation or breach of any warranty, covenant or other provision
contained in this Agreement or in any certificate delivered pursuant hereto. 
 (b) Buyer agrees that for any indemnification
under this Article 6: (i) each Buyer Indemnitee shall first assert any claim for indemnification under this Article 6 against the then-available Indemnification Escrow Fund in accordance with the terms of the Indemnification
Escrow Agreement; and (ii) without limiting clause (i) of this Section 6.6(b), if the amount recoverable by any Buyer Indemnitee exceeds the amount of the then-available Indemnification Escrow Fund, then such Buyer
Indemnitee, to the extent of such excess, shall assert such claim against the Company. 
 Section 6.7 Manner of
Payment. Any indemnification of the Buyer Indemnitees or Company pursuant to this Article 6 shall be effected by wire transfer of immediately available funds from the applicable Persons to an account designated in writing by the
applicable Buyer Indemnitees or Company, as the case may be, within five (5) days after the final determination thereof. Each of the Parties agrees to treat all payments made to or for the benefit of a Party hereto pursuant to this Article
6 and Section 2.5 as adjustments to the Purchase Price. 
 ARTICLE 7 

MISCELLANEOUS 

Section 7.1 Entire Agreement; Assignment. This Agreement and the Schedules and Exhibits hereto constitute the entire
agreement among the Parties with respect to the subject matter hereof and supersede all prior or contemporaneous communications, agreements, arrangements, understandings, negotiations and promises, whether written oral or otherwise among the Parties
with respect to the subject matter hereof. This Agreement and any rights or obligations hereunder shall not be assigned by any Party (whether by operation of Law or otherwise) without the prior written consent of Buyer and Company. Any attempted
assignment of this Agreement not in accordance with the terms of this Section shall be void. 

  
 34 

 Section 7.2 Notices. All notices, requests, demands and other
communications under this Agreement shall be in writing and if delivered in hand shall be deemed to have been duly given when delivered personally, or if sent by E-mail with mandatory delivery and read receipts requested and mandatorily followed by
overnight courier shall be deemed to have been duly given on delivery if prior to 5:00 p.m. on a Business Day and, if not, on the next Business Day, or if sent by United States certified mail, return receipt requested, with postage prepaid, shall be
deemed duly given on delivery by United States Postal Service, or if sent by overnight courier services with a mandatory request for a delivery receipt shall be deemed duly given on the Business Day of delivery if delivered prior to 5:00 p.m. local
time or on the following Business Day if delivered after 5:00 p.m. local time or on a non-Business Day, addressed to the respective Parties hereto as follows: 
 To Company: 
 Mercury Marquis Holdings, LLC 

289 Manzanita Ranch Lane 
 Las Vegas, NV 89012 
 Attn: Gary Patten 

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

McDowell, Rice, Smith & Buchanan, P.C. 
 605 West 47th Street, Suite 350 
 Kansas City, MO 64112 

Attn: Joe A. Harter 
 And 
 The Muir Law Firm, LLC 

10895 Lowell, Suite 210 
 Overland Park, KS 66210 
 Attn: Tim Muir 

To Buyer: 
 Chris Morley 
 President 

Zayo Colocation, Inc. 
 400 Centennial Parkway, Suite 200 
 Louisville CO 80027 

  
 35 

 with a mandatory copy to: 

Scott Beer 

General Counsel 

Zayo Colocation, Inc. 
 400 Centennial Parkway, Suite 200 
 Louisville CO 80027 

And: 
 Gibson,
Dunn & Crutcher LLP 
 Suite 4200, 1801 California St 

Denver, CO 80202 
 Attn: Steven Talley 
 or to such other address as the Party to whom notice is given previously may
have furnished to the others in writing in the manner set forth above. 
 Section 7.3 Governing Law. This
Agreement shall be governed by and construed in accordance with the Laws of the State of Nevada, without giving effect to any choice of Law or conflict of Law provision or rule (whether of the State of Nevada or any other jurisdiction) that would
cause the application of the Law of any jurisdiction other than the State of Nevada. 
 Section 7.4 Fees and
Expenses. Except as otherwise set forth in this Agreement, all fees and expenses incurred in connection with this Agreement and the transactions contemplated by this Agreement, including the fees and disbursements of counsel, financial advisors
and accountants, shall be paid by the Party incurring such fees or expenses. 
 Section 7.5 Construction;
Interpretation. The term “this Agreement” means this Asset Purchase Agreement together with all the disclosure schedules to this Agreement (the “Schedules”) and exhibits hereto (the “Exhibits”), as the
same may from time to time be amended, modified, supplemented or restated in accordance with the terms hereof. The table of contents and headings contained in this Agreement are inserted for convenience only and shall not affect in any way the
meaning or interpretation of this Agreement. No Party, nor its respective counsel, shall be deemed the drafter of this Agreement for purposes of construing the provisions hereof, and all provisions of this Agreement shall be construed according to
their fair meaning and not strictly for or against any Party. Unless otherwise indicated to the contrary herein by the context or use thereof: (a) the words, “herein,” “hereto,” “hereof” and words of similar import
refer to this Agreement as a whole, including, the Schedules and Exhibits, and not to any particular section, subsection, paragraph, subparagraph or clause contained in this Agreement; (b) masculine gender shall also include the feminine and
neutral genders, and vice versa; (c) words importing the singular shall also include the plural, and vice versa; (d) whenever the words “include,” “includes” or “including” used in this Agreement, they shall
be deemed to be followed by the words “without limitation”; (e) all terms defined in this Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise
defined therein; (f) any statute defined or referred to herein or in any agreement or instrument that is referred to herein means such statute as from time to time amended, modified or supplemented, 

  
 36 

 
including (in the case of statutes) by succession of comparable successor statutes and all regulations promulgated thereunder; (g) references to documents or records herein shall include
physical and electronic versions thereof; (h) references to a Person are also to its permitted successors and assigns; (i) all references to “dollars” or “$” refer to currency of the United States of America;
(j) when a reference is made in this Agreement to a “director” of any Party, or any of such Party’s Affiliates, such reference shall be to a member of the board of directors or equivalent board of such entity; (k) the term
“or” is not exclusive; and (l) any reference to any documents or information “provided” or “made available” by the Company shall mean (i) such documents and information as are included in the electronic data
room administered by the Company at least five (5) Business Days prior to the date of this Agreement and (ii) any documents and information set forth on Schedule 9. 

Section 7.6 Exhibits and Schedules. All Exhibits and Schedules, or documents expressly incorporated into this
Agreement, are hereby incorporated into this Agreement and are hereby made a part hereof as if set out in full in this Agreement. Any item disclosed in any Schedule referenced by a particular section or subsection of this Agreement shall be deemed
to have been disclosed with respect to every other section or subsection of this Agreement where the relevance of such disclosure would be readily apparent on its face to a reasonable third party without further investigation, or knowledge, of
facts, circumstances, events, changes or conditions, or the need to examine any underlying documentation. The specification of any dollar amount in the representations or warranties contained in this Agreement or the inclusion of any specific item
in any Schedule is not intended to imply that such amounts, or higher or lower amounts or the items so included or other items, are or are not material, and no Party shall use the fact of the setting of such amounts or the inclusion of any such item
in any dispute or controversy as to whether any obligation, items or matter not described herein or included in a Schedule is or is not material for purposes of this Agreement. 

Section 7.7 Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each Party
and its successors and permitted assigns and, except as provided in Article 6, nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any rights, benefits or remedies of any nature whatsoever under
or by reason of this Agreement. 
 Section 7.8 Severability. If any term or other provision of this Agreement
for any reason is declared invalid, illegal or unenforceable, such decision shall not affect the validity or enforceability of any of the other provisions of this Agreement, which other provisions shall remain in full force and effect and the
application of such invalid or unenforceable provision to Persons or circumstances other than those as to which it is held invalid, illegal or unenforceable shall be valid and be enforced to the fullest extent permitted by applicable Law. Upon such
declaration that any term or other provision is invalid, illegal or incapable of being enforced, the Parties to this Agreement shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as
possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally contemplated to the greatest extent possible. 

Section 7.9 Counterparts; Scanned Signatures. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which shall 

  
 37 

 
constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by scanned pages shall be effective as delivery of a manually executed counterpart
to this Agreement. 
 Section 7.10 Knowledge of the Company. For all purposes of this Agreement, the phrase
“to the Company’s knowledge” and “known by the Company” and any derivations thereof shall mean as of the date hereof, the actual knowledge of Gary Patten and Brett Rambo, and in each case, with a duty of investigation or
inquiry (and shall in no event encompass “constructive” or similar concepts of imputed knowledge). The Company’s knowledge shall also be limited by the period of its ownership of the Business which began September 1, 2010.

 Section 7.11 Limitation on Damages Notwithstanding anything to the contrary set forth herein, no Party
shall be liable for any consequential damages, including loss of revenue, income or profits, punitive, special or indirect damages, relating to any breach of this Agreement. 
 Section 7.12 Jurisdiction and Venue. Each of the Parties (a) submits to the exclusive jurisdiction of any state or federal court having jurisdiction over Clark County, Nevada (the
“Chosen Courts”), in any Action (whether in tort, contract or otherwise) arising out of or relating to this Agreement, (b) agrees that all claims in respect of such Action shall be heard and determined in any such court and
(c) agrees not to bring any Action (whether in tort, contract or otherwise) arising out of or relating to this Agreement in any court other than a Chosen Court. Each of the Parties waives any defense of inconvenient forum to the maintenance of
any action or proceeding so brought and waives any bond, surety or other security that might be required of any other Party with respect thereto. Each Party agrees that service of summons and complaint or any other process that might be served in
any action or proceeding may be made on such Party by sending or delivering a copy of the process to the Party to be served at the address of the Party and in the manner provided for the giving of notices in Section 7.2. Nothing in this
Section, however, shall affect the right of any Party to serve legal process in any other manner permitted by Law. Each Party agrees that a final, non-appealable judgment in any Action (whether in tort, contract or otherwise) so brought shall be
conclusive and may be enforced by suit on the judgment or in any other manner provided by Law. 
 Section 7.13
Amendment; Waiver. This Agreement may be amended or modified only by a written agreement executed and delivered by duly Authorized Officers of Buyer and Company. This Agreement may not be modified or amended except as provided in the
immediately preceding sentence and any amendment by any Party or Parties effected in a manner which does not comply with this Section 7.13 shall be void. Except as otherwise provided in this Agreement, any failure of any Party to comply
with any obligation, covenant, agreement or condition herein may be waived by Buyer or the Company, as applicable, only by a written instrument signed by Buyer or the Company, as applicable, granting such waiver, but such waiver or failure to insist
upon strict compliance with such obligations, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure, or operate as a waiver of any rights or privileges hereunder (including
the right to claim indemnification for Losses related thereto), except to the extent expressly waived in such written instrument. 

  
 38 

 Section 7.14 Specific Performance. The Parties agree that irreparable
damage would occur and that the Parties would not have any adequate remedy at law in the event that any of the provisions of this Agreement (including Section 5.4(a) and (b)) were not performed in accordance with their specific
terms or were otherwise breached and that the damages resulting from any such breach would not be readily susceptible to being measured in monetary terms. Accordingly, it is agreed that the Parties shall be entitled to an immediate injunction or
injunctions to prevent breaches or threatened breaches of this Agreement and to specific performance of the terms and provisions of this Agreement, in each case without proof of actual damages, and each Party waives any requirement for the securing
or posting of any bond in connection with any such remedy. The Parties further agree that the remedies provided for in this Section 7.14 shall be in addition to, and not in limitation of, any other remedies that may be available to a
Party whether at law or in equity, including monetary damages. The prevailing party in any litigation under this Section shall be entitled to reimbursement of reasonable attorneys fees. 

Section 7.15 Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON TORT, CONTRACT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT THEREOF. THE PARTIES
HERETO ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH WILL CONTINUE TO RELY ON THE WAIVER IN RELATED FUTURE
DEALINGS. THE PARTIES HERETO FURTHER WARRANT AND REPRESENT THAT EACH HAS REVIEWED THIS WAIVER WITH ITS, HIS OR HER, AS THE CASE MAY BE, LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH
LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS
OR AGREEMENTS RELATING TO THE TRANSACTIONS CONTEMPLATED HEREBY. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 Section 7.16 Nonbinding Mediation/Binding Arbitration. In the event that a controversy, difficulty, claim or dispute (each, a “Dispute”) arises out of, relating to or
in connection with this Agreement (that is not resolvable as otherwise provided herein), or in relations between the Parties with respect to the subject matter hereof, any Party may notify the other Party in writing of the substance of the Dispute
and of its desire to attempt to reach an amicable settlement (“Preliminary Settlement Procedure”), in which event the parties will endeavor for a period of thirty (30) days after the date of such notice to reach an amicable
settlement of the Dispute and shall submit any unresolved item to nonbinding mediation in Las Vegas, Nevada, within the first thirty (30) days after the end of such resolution period with a mediation session to occur not later than the first
fifty (50) days after such period. If a Dispute is not resolved by such mediation session or either party refuses to attend or otherwise participate in such mediation, then the objecting parties may proceed in relation to the Dispute as
provided 

  
 39 

 
below. Subject to the Preliminary Settlement Procedure above, all Disputes arising out of, relating to or in connection with this Agreement, or in relations between the parties with respect to
the subject matter hereof, for any reason or under any circumstances, will be finally settled by binding arbitration in accordance with the Rules of Arbitration (“Rules”) of the American Arbitration Association
(“AAA”) in force at the time of the Dispute. The arbitration will be conducted by one arbitrator, if the amount in dispute is Two Hundred Fifty Thousand Dollars ($250,000) or less, and by three arbitrators, if the amount in dispute
is more than Two Hundred Fifty Thousand Dollars ($250,000), selected pursuant to AAA rules. The arbitrator(s) will be familiar with the appropriate Law involved. The place of arbitration will be Las Vegas, Nevada, or any other place selected by
mutual agreement of the parties. Any award or decision rendered in this arbitration will be final and binding on all parties, and judgment may be entered thereon in any court of competent jurisdiction if necessary. Nothing in this agreement to
arbitrate will prohibit the right to seek provisional or equitable relief from any court having jurisdiction over the parties, including injunctive relief, pending a final award issued by the arbitrator(s); provided, however, this
provision is not intended to nor will it usurp the obligation of the parties to otherwise resolve the Dispute in accordance with this Section. 
 *    *    *    *    * 

  
 40 

 IN WITNESS WHEREOF, each of the Parties has caused this Asset Purchase Agreement to be duly
executed on its behalf as of the day and year first above written. 
  

			
	 “COMPANY”:

	
	 MERCURY MARQUIS HOLDINGS, LLC, a

	 Nevada limited liability company

		
	 By:
	 	 /s/ Gary Patten

			
	 Name:
	 	Gary Patten

 
			
	 Title:
	 	President
	
	“BUYER”:
	
	Zayo Colocation, Inc., a Delaware corporation

 
			
		
	 By:
	 	 /s/ Scott Beer

			
	 Name:
	 	Scott Beer

 
			
	 Title:
	 	General Counsel & Secretary

 SIGNATURE PAGE TO ASSET
PURCHASE AGREEMENT 

 Exhibit A — Spreadsheet for Proposed Closing Statement 

MERCURY MARQUIS HOLDINGS, LLC CLOSING STATEMENT 
 In connection with the closing of the strategic transaction dated as of December 30, 2011, by and between Mercury Marquis Holdings, LLC (the “Company”), and Zayo Colocation, Inc.
(“zColo”), please disburse funds to the following: 
  

					
	 Gross Acquisition Price
	  	 	16,250,000.00	  
	 Plus: Net Working Capital
	  	 	(418,181.82	) 
	 Less: Assumed Long Term Capital Leases
	  	 	—  	  
		  	  
	  
	 
	 Initial Cash Consideration
	  	 	15,831,818.18	  
	 Net Cash Amount to be Funded by zColo at Closing
	  	 	15,831,818.18	  
		  	  
	  
	 
	 Total Amount to be Funded at Closing
	  	 	15,831,818.18	  
		  	  
	  
	 
	 Less: Disbursements
	  			
	 (1)    Indemnification Escrow
	  			
	 Amount
	  	 	812,500.00	  
		  	  
	  
	 
	 Total
	  	 	812,500.00	  
	 (2)    Customer Renewal Escrow
	  			
	 Amount
	  	 	2,250,000.00	  
		  	  
	  
	 
	 Total
	  	 	2,250,000.00	  
	 (3)    Payments to The Bank Street Group LLC
	  			
	 Success Fee
	  	 	731,250.00	  
	 Expenses
	  	 	23,042.90	  
		  	  
	  
	 
	 Total
	  	 	754,292.90	  
	 (4)    Payments to McDowell, Rice, Smith & Buchanan, P.C.
	  			
	 Fees (Net of payments received)
	  	 	30,278.32	  
		  	  
	  
	 
	 Total
	  	 	30,278.32	  
	 (5)    Payments to The Muir Law Firm LLC
	  			
	 Fees
	  	 	100,000.00	  
		  	  
	  
	 
	 Total
	  	 	100,000.00	  
	 (6)    Payments to John D. Hancock Law Group, PLLC
	  			
	 Fees (Net of payments received)
	  	 	10,628.00	  
		  	  
	  
	 
	 Total
	  	 	10,628.00	  
	 (7)    Payoff of Black Creek Capital Lease
	  			
	 Amount
	  	 	219,871.71	  
		  	  
	  
	 
	 Total
	  	 	219,871.71	  
		  	  
	  
	 
	 (8)    Payment to Mercury Marquis Holdings, LLC
	  	$	11,654,247.25	  
		  	  
	  
	 
	
	 ADDITIONAL CLOSING PAYMENTS

 
	   
 

	 (7)    Indemnification Escrow Account Fee
	  			
	 Mercuy Marquis Holdings, LLC Payment
	  	 	1,750.00	  
	 zColo Payment
	  	 	1,750.00	  
		  	  
	  
	 
	 Total
	  	 	3,500.00	  
	 (8)    Customer Renewal Escrow Account Fee
	  			
	 Mercuy Marquis Holdings, LLC Payment
	  	 	1,750.00	  
	 zColo Payment
	  	 	1,750.00	  
		  	  
	  
	 
	 Total
	  	 	3,500.00	  
		  	  
	  
	 
	 Additional Amount to be Funded
	  	 	7,000.00	  
		  	  
	  
	 

  

	 	(a)	See Working Capital attached 

 WIRING INSTRUCTIONS 

 

											
	WIRE 1	  		  		    			
	From:	  	zColo	  	Amount:	    	 	812,500.00	  
	To:	  	Wells Fargo Corporate Trust Services	  		    			
	Instructions:	  		  		    			
		  	Wells Fargo Bank	  		    			
		  	San Francisco, CA	  		    			
		  	ABA No.	  	121-000-248	  		    			
		  	Account No.	  	0001038377	  		    			
		  	BNF:	  	Corporate Trust Clearing	  		    			
		  	FFC:	  	83855600	  		    			
		  	Ref:	  	Mercury Marquis Zayo Colocation Indemnification Escrow	  		    			
				
	WIRE 2	  		  		    			
	From:	  	zColo	  	Amount:	    	 	2,250,000.00	  
	To:	  	Wells Fargo Corporate Trust Services	  		    			
	Instructions:	  		  		    			
		  	Wells Fargo Bank	  		    			
		  	San Francisco, CA	  		    			
		  	ABA No.	  	121-000-248	  		    			
		  	Account No.	  	0001038377	  		    			
		  	BNF:	  	Corporate Trust Clearing	  		    			
		  	FFC:	  	83856900	  		    			
		  	Ref:	  	Mercury Marquis Zayo Customer Renewal Escrow	  		    			
				
	WIRE 3	  		  		    			
	From:	  	zColo	  		  	Amount:	    	 	754,292.90	  
	To:	  	The Bank Street Group LLC	  		    			
	Instructions:	  		  		    			
		  	JP Morgan Chase Bank, N.A.	  		    			
		  	500 Stanton Christiana Road, Newark, DE 19713	  		    			
		  	Name:	  	The Bank Street Group LLC	  		    			
		  	Account No.	  	739279475	  		    			
		  	ABA Routing No.	  	021000021	  		    			
		  	Contact:	  		  		    			
		  	Ref:	  	MarquisNet Transaction Fee	  		    			
				
	WIRE 4	  		  		    			
	From:	  	zColo	  		  	Amount:	    	 	30,278.32	  
	To:	  	McDowell, Rice, Smith & Buchanan, P.C.	  		    			
	Instructions:	  		  		    			
		  	Enterprise Bank	  		    			
		  	Kansas City, Missouri	  		    			
		  	Account Name:	  	McDowell, Rice, Smith & Buchanan	  		    			
		  		  	Operating Account	  		    			
		  	Account No.	  	1490001608	  		    			
		  	ABA Routing No.	  	081006162	  		    			
		  	Contact:	  		  		    			
		  	Ref:	  	Mercury Marquis Legal Fee	  		    			
				
	WIRE 5	  		  		    			
	From:	  	zColo	  	Amount:	    	 	100,000.00	  
	To:	  	The Muir Law Firm LLC	  		    			
	Instructions:	  		  		    			
		  	Commerce Bank NA	  		    			
		  	Account Name:	  	The Muir Law Firm	  		    			
		  	Account No.	  	590991233	  		    			
		  	Routing No.	  	101000019	  		    			
		  	Contact:	  		  		    			
		  	Ref:	  	Mercury Marquis Legal Fee	  		    			

  
 2 

											
	WIRE 6	  	 	  	 	  	 	 
	From:	  	zColo	  	Amount:	  	 	10,628.00	  
	To:	  	John D. Hancock Law Group, PLLC	  		  			
	Instructions:	  		  		  			
		  	Bank of Nevada	  		  			
		  	221 N. Stephanie St.	  		  			
		  	Henderson, NV 89074	  		  			
					
		  	Account No.	  	7501147159	  		  			
		  	Routing No.	  	122401778	  		  			
		  	SWIFT Code:	  	WFBIUS6S	  		  			
		  	Contact:	  	John D. Hancock Law Group, PLLC	  		  			
		  		  	871 Coronado Center Dr. Suite 200	  		  			
		  		  	Henderson, NV 89052	  		  			
		  	Ref:	  	Mercury Marquis Legal Fee	  		  			
			
	WIRE 7	  		  			
	From:	  	zColo	  	Amount:	  	 	219,871.71	  
	To:	  	Black Creek Capital Corp.	  		  			
	Instructions:	  		  		  			
		  	US Bank	  		  		  			
		  	120 W 12th Street	  		  			
		  	Kansas City, MO 64105	  		  			
		  	Account Name:	  	Black Creek Capital Corp.	  		  			
		  	Account No.	  	145591015766	  		  			
		  	ABA No.	  	101000187	  		  			
		  	Contact:	  		  		  			
		  	Ref:	  			
					
	WIRE 8	  		  		  		  			
	From:	  	zColo	  		  	Amount:	  	 	11,654,247.25	  
	To:	  	Mercury Marquis Holdings, LLC	  		  			
	Instructions:	  		  		  			
		  	First Republic Bank	  		  		  			
		  	1088 Stockton Street	  		  			
		  	San Francisco, CA 94108	  		  			
		  	Account Name:	  	Mercury Marquis Holdings, LLC	  		  			
		  	Account No.	  	80000081340	  		  			
		  	ABA No.	  	321081669	  		  			
		  	Contact:	  		  		  			
		  	Ref:	  		  			
	
	ADDITIONAL CLOSING PAYMENT WIRING INSTRUCTIONS	  
	WIRE 9	  		  		  		  			
	From:	  	Mercury Marquis Holdings, LLC	  	Amount:	  	 	1,750.00	  
	To:	  	Wells Fargo Corporate Trust Services	  		  			
	Instructions:	  		  		  			
		  	Wells Fargo Bank	  		  		  			
		  	San Francisco, CA	  		  		  			
		  	ABA No.	  	121-000-248	  		  			
		  	Account No.	  	0001038377	  		  			
		  	BNF:	  	Corporate Trust Clearing	  		  			
		  	FFC:	  	83855600	  		  			
		  	Ref:	  	Mercury Marquis Zayo Colocation Indemnification Escrow Fee	  		  			
					
	WIRE 10	  		  		  		  			
	From:	  	zColo	  		  	Amount:	  	 	1,750.00	  
	To:	  	Wells Fargo Corporate Trust Services	  		  			
	Instructions:	  		  		  			
		  	Wells Fargo Bank	  		  		  			
		  	San Francisco, CA	  		  		  			
		  	ABA No.	  	121-000-248	  		  			
		  	Account No.	  	0001038377	  		  			
		  	BNF:	  	Corporate Trust Clearing	  		  			
		  	FFC:	  	83855600	  		  			
		  	Ref:	  	Mercury Marquis Zayo Colocation Indemnification Escrow Fee	  		  			

  
 3 

  

											
	 WIRE 11
	  		  		  				  	
	 From:
	  	Mercury Marquis Holdings, LLC	  	 	Amount:	  	  	1,750.00
	 To:
	  	Wells Fargo Corporate Trust Services	  				  	
	 Instructions:
	  		  				  	
		  	Wells Fargo Bank	  				  	
		  	San Francisco, CA	  				  	
		  	ABA No.	  	121-000-248	  				  	
		  	Account No.	  	0001038377	  				  	
		  	BNF:	  	Corporate Trust Clearing	  				  	
		  	FFC:	  	83856900	  				  	
		  	Ref:	  	Mercury Marquis Zayo Customer Renewal Escrow Fee	  				  	
					
	 WIRE 12
	  		  		  				  	
	 From:
	  	zColo	  		  	 	Amount:	  	  	1,750.00
	 To:
	  	Wells Fargo Corporate Trust Services	  				  	
	 Instructions:
	  		  				  	
		  	Wells Fargo Bank	  				  	
		  	San Francisco, CA	  				  	
		  	ABA No.	  	121-000-248	  				  	
		  	Account No.	  	0001038377	  				  	
		  	BNF:	  	Corporate Trust Clearing	  				  	
		  	FFC:	  	83856900	  				  	
		  	Ref:	  	Mercury Marquis Zayo Customer Renewal Escrow Fee	  				  	

  
 4 

  

															
	MarquisNet	  				 				 				 	
	Estimated Net Working Capital	  	 	 	 	 	 	 	 	 	 	 
	As of 12/30/2011	  	 	 	 	 	 	 	 	 	 	 
	(Estimate as of 12/28/2011)	  	 	 	 	 	 	 	 	 	 	 
	 	  	Period 
Ending
Nov-11	 	 	Adjustments	 	 	Ending 
Balance
12/30/11	 	 	 Notes

	  	 	 	 
	 CURRENT ASSETS
	  				 				 				 	
	 Accounts receivable, net
	  	 	23,652	  	 	 	(54,077	) 	 	 	(30,425	) 	 	Balance as of 12/28/2011
	 Prepaid Expense
	  	 	53,288	  	 	 	(51,538	) 	 	 	1,750	  	 	
	 Other receivables
	  				 				 	 	—  	  	 	
	 Other current assets
	  	 	—  	  	 				 	 	—  	  	 	
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	
	 Total current assets
	  	 	76,940	  	 	 	(105,615	) 	 	 	(28,675	) 	 	
	 CURRENT LIABILITIES
	  				 				 				 	
	 Accounts Payable
	  	 	7,625	  	 	 	72,461	  	 	 	80,086	  	 	All open invoices effective 12/28/2011
	 AmEx Corp Card II
	  	 	2,920	  	 	 	(2,920	) 	 	 	—  	  	 	AMEX balance on 12/30 will be paid by Mercury Marquis Holdings
	 Wages Payable
	  	 	27,533	  	 	 	(27,533	) 	 	 	—  	  	 	Payroll on 12/30 will be paid by Mercury Marquis Holdings
	 Accrued Vacation
	  	 	38,411	  	 	 	3,742	  	 	 	42,153	  	 	Accrual up to 12/30/2011
	 Bonus-Commission Liability
	  	 	29,167	  	 	 	(29,167	) 	 	 	—  	  	 	Accrual up to 12/30/2011 is $35,000, will be paid by Mercury Marquis Holdings, therefore removed from NWC Calculation
	 Payroll Tax Liabilities
	  	 	2,734	  	 	 	(2,734	) 	 	 	—  	  	 	Payroll on 12/30 will be paid by Mercury Marquis Holdings
	 Customer Deposits
	  	 	1,300	  	 	 	—  	  	 	 	1,300	  	 	
	 Misc Accrued Liabilities
	  	 	230,681	  	 	 	(96,507	) 	 	 	134,174	  	 	
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	
	 Accounts payable and accrued liabilities
	  	 	340,370	  	 	 	(82,658	) 	 	 	257,712	  	 	
	 Dell Fin Svc Cap Lease-001
	  	 	116,847	  	 	 	(16,339	) 	 	 	100,507	  	 	Balance of 12/25/2011 (Lease Payment due date)
	 Dell Fin Svc Cap Lease-002
	  	 	17,844	  	 	 	(1,927	) 	 	 	15,917	  	 	Balance of 12/25/2011 (Lease Payment due date)
	 Dell Fin Svc Cap Lease-003
	  	 	6,497	  	 	 	(570	) 	 	 	5,927	  	 	Balance of 12/25/2011 (Lease Payment due date)
	 Dell Fin Svc Cap Lease-004
	  	 	10,350	  	 	 	(908	) 	 	 	9,442	  	 	Balance of 12/25/2011 (Lease Payment due date)
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	
	 Capital leases -current portion(1)
	  	 	151,539	  	 	 	(19,744	) 	 	 	131,795	  	 	
	 Total current liablities
	  	 	491,909	  	 	 	(102,402	) 	 	 	389,507	  	 	
	 NET WORKING CAPITAL
	  	 	(414,969	) 	 	 	(3,213	) 	 	 	(418,182	) 	 	
	Notes:	  				 				 				 	

  

	(1)	Current portion of lease does not include BCC Capital Lease. 

 See next page for Working Capital definition. 

  
 5 

	(2)	Despite the way the Company has or will treat the following customer transactions and regardless of GAAP consideration, amounts contained in outstanding and unpaid
invoices that relate to services rendered prior to the Closing, but yet to be entered into the Company’s accounting system as Accounts Receivables as described in the “Overage” column of Schedule 2.1(a), shall be considered in
the calculation of Working Capital. In addition, Excluded Assets shall also include portions of invoices to be issued on January 15, 2012 and dated February 1, 2012 that relate to comparable overages in December shall also be considered in
the Working Capital calculation. 

  
 6 

 Exhibit B — Accounting Principles 

None. 

 Exhibit C — Escrow Agreements 

 EXHIBIT C-1 

INDEMNIFICATION ESCROW AGREEMENT 
 THIS INDEMNIFICATION ESCROW AGREEMENT (“Agreement”) is made as of the 30th day of December, 2011, by and among MERCURY MARQUIS HOLDINGS, LLC, a Nevada limited liability company
(“Company”), ZAYO COLOCATION, Inc., a Delaware corporation (“Buyer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as escrow agent (“Escrow Agent”). 

RECITALS 

The following recitals of fact are a material part of this Agreement: 

A. Company and Buyer have entered into that certain Asset Purchase Agreement dated December     , 2011.
(“Purchase Agreement”). Capitalized terms not defined herein are defined in the Purchase Agreement. The terms of the Purchase Agreement are incorporated herein by this reference. 

B. As a condition of Article 6 of the Purchase Agreement, five percent (5%) of the Purchase Price is to be held in escrow for
up to three hundred sixty (360) days after Closing to fund possible representation and warranty claims by Buyer as provided in the Purchase Agreement. 
 In consideration of the foregoing recitals (which are incorporated herein), the mutual covenants herein contained and other good and valuable consideration, the receipt, adequacy and sufficiency of which
are hereby acknowledged by the parties by their execution hereof, the parties agree as follows. 
 1. Appointment of Escrow
Agent. Company and Buyer hereby appoint Escrow Agent to act as escrow agent hereunder, and Escrow Agent hereby accepts such appointment and agrees to perform the duties of Escrow Agent hereinafter set forth, subject to the terms and conditions
of this Agreement. 
 2. Delivery of Escrow Amount. Seller shall deliver to Escrow Agent out of the Purchase Price by
wire transfer of immediately available funds the sum of Eight Hundred Twelve Thousand Five Hundred Dollars ($812,500.00) (“Escrow Amount”). Escrow Agent shall acknowledge receipt of the Escrow Amount by a means acceptable to the Escrow
Agent, which Escrow Amount shall be held and disposed of by Escrow Agent in accordance with the terms and conditions of this Agreement. 
 3. Maintenance of Escrow Amount. The Escrow Amount is to be held by Escrow Agent in a separate escrow account. The Escrow Agent will cause the Escrow Amount to be invested as soon as reasonably
practicable, including interest and other income earned thereon, in a FDIC insured account or other account or investment consented to by Company and Buyer. All interest and other income earned on the Escrow Amount shall be paid to the party
receiving the disbursement of funds hereunder. (If both Buyer and Company shall receive disbursements, the interest shall be prorated as Escrow Agent deems appropriate.) 

 4. Income Tax and Reporting 

(a) The Parties agree that, for tax reporting purposes, all interest and other income from investment of the Escrow Property shall, as of
the end of each calendar year and to the extent required by the Internal Revenue Service, be reported as having been earned by Company, whether or not such income was disbursed during such calendar year. 

(b) Prior to closing, the Parties shall provide the Escrow Agent with certified tax identification numbers by furnishing appropriate
forms W-9 or W-8 and such other forms and documents that the Escrow Agent may request. The Parties understand that if such tax reporting documentation is not provided and certified to the Escrow Agent, the Escrow Agent may be required by the
Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, to withhold a portion of any interest or other income earned on the investment of the Escrow Property. 

(c) To the extent that the Escrow Agent becomes liable for the payment of any taxes in respect of income derived from the investment of
the Escrow Property, the Escrow Agent shall satisfy such liability to the extent possible from the Escrow Property. The Parties, jointly and severally, shall indemnify, defend and hold the Escrow Agent harmless from and against any tax, late
payment, interest, penalty or other cost or expense that may be assessed against the Escrow Agent on or with respect to the Escrow Property and the investment thereof unless such tax, late payment, interest, penalty or other expense was directly
caused by the gross negligence or willful misconduct of the Escrow Agent. The indemnification provided by this Section 1.4(c) is in addition to the indemnification provided in Section 3.1 and shall survive the resignation or removal of the
Escrow Agent and the termination of this Escrow Agreement. 
 5. Reduction and Disbursement of Escrow Amount. On each
occasion on which the Buyer has a good faith belief that it is entitled to payment of a claim (a “Claim”) for indemnification pursuant to the provisions of the Purchase Agreement, the Buyer shall deliver to the Escrow Agent and
Company a written request for the payment of such amount (a “Claim Notice”), which request shall identify in reasonable detail the facts and circumstances with respect to the subject matter of such Claim, and such request shall be
consented to by Company. Absent joint written instructions from the Buyer and Company specifying the agreement of the parties as to the action to be taken with respect to such Claim (“Payment Instructions”), Buyer or Company shall
submit such matter to binding arbitration pursuant to the arbitration provisions of Section 7.16 of the Purchase Agreement or obtain a final decision of a Chosen Court, and deliver a copy of a final, non-appealable order of the court or binding
arbitral award pursuant to which such court or arbitral body has determined whether and to what extent the Buyer or Company is entitled to the amount requested in such Claim Notice, and a notarized affidavit (the “Affidavit”) signed
by the submitting party stating that (a) such decision is final and non-appealable (such notice, decision and statement, collectively, a “Determination Order”); and that (b) a copy of such Determination Order has been
delivered by the Buyer or Company, as the case may be, to the other party concurrently with the delivery thereof to the Escrow Agent. Escrow Agent may conclusively rely on such Determination Order and Affidavit and may make the requested payment.

 6. Restrictions on Disbursement. Escrow Agent shall have no duty or obligation to disburse the Escrow Funds except in
accordance with this Agreement. 

 7. Liability and Indemnification of Escrow Agent. 

a. Escrow Agent shall not be liable to Company or Buyer, or any of their successors or permitted assigns, for any action or failure to
act by Escrow Agent hereunder, except for Escrow Agent’s own gross negligence or willful misconduct. Company and Buyer each agree to jointly and severally indemnify and hold harmless Escrow Agent, and any successor or permitted assign, from and
against any and all losses, liabilities, claims, actions, damages and expenses, including reasonable attorneys’ fees, arising out of or in connection with this Agreement, except for claims against Escrow Agent that have been finally adjudicated
to have been directly caused by the willful misconduct or gross negligence of the Escrow Agent. 
 b. the escrow agent shall not
be liable, directly or indirectly, for any (i) damages, Losses or expenses arising out of the services provided hereunder, other than damages, losses or expenses which have been finally adjudicated to have directly resulted from the escrow
agent’s gross negligence or willful misconduct, or (ii) special, Indirect or consequential damages or losses of any kind whatsoever (including without limitation lost profits), even if the escrow agent has been advised of the possibility
of such losses or damages and regardless of the form of action. 
 c. Notwithstanding any provision to the contrary, the Escrow
Agent is obligated only to perform the duties specifically set forth in this Escrow Agreement, which shall be deemed purely ministerial in nature. Under no circumstances will the Escrow Agent be deemed to be a fiduciary to any Party or any other
person under this Escrow Agreement. The Escrow Agent will not be responsible or liable for the failure of any Party to perform in accordance with this Escrow Agreement. The Escrow Agent shall neither be responsible for, nor chargeable with,
knowledge of the terms and conditions of any other agreement, instrument, or document other than this Escrow Agreement, whether or not an original or a copy of such agreement has been provided to the Escrow Agent; and the Escrow Agent shall have no
duty to know or inquire as to the performance or nonperformance of any provision of any such agreement, instrument, or document. References in this Escrow Agreement to any other agreement, instrument, or document are for the convenience of the
Parties, and the Escrow Agent has no duties or obligations with respect thereto. This Escrow Agreement sets forth all matters pertinent to the escrow contemplated hereunder, and no additional obligations of the Escrow Agent shall be inferred or
implied from the terms of this Escrow Agreement or any other agreement. 
 d. Escrow Agent is a depository only and is entitled
to rely upon any order, judgment, certification, demand, notice, instrument or other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity of
the service thereof. Escrow Agent may act in reliance upon any instrument or signature believed by it to be genuine and may assume that any person purporting to give any notice or receipt or advice or to make any statement or executing any document
in connection with the provisions hereof has been duly authorized to so do. If Escrow Agent is in doubt as to what action it should take hereunder, Escrow Agent is entitled to deposit that portion of the Escrow Amount as to which it has such doubt
with a court of competent jurisdiction and interplead the other parties for a determination of the matter. Escrow Agent shall not undertake such deposit and interpleader unless it has given Company and Buyer a written notice ten (10) days
before such deposit and interpleader as to the intentions of Escrow Agent. Company and Buyer agree to reimburse Escrow Agent from the Escrow Amount for any expenses incurred in the event Escrow Agent interpleads all or a portion of the Escrow
Amount. 

 e. In the event that any Escrow Property shall be attached, garnished or levied upon by any
court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the Escrow Property, the Escrow Agent is hereby expressly authorized, in
its sole discretion, to respond as it deems appropriate or to comply with all writs, orders or decrees so entered or issued, or which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction. In the
event that the Escrow Agent obeys or complies with any such writ, order or decree it shall not be liable to any of the Parties or to any other person, firm or corporation, should, by reason of such compliance notwithstanding, such writ, order or
decree be subsequently reversed, modified, annulled, set aside or vacated. 
 f. Force Majeure: The Escrow Agent shall not be
responsible or liable for any failure or delay in the performance of its obligation under this Escrow Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of
God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances; sabotage; epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications services; accidents; labor
disputes; acts of civil or military authority or governmental action; it being understood that the Escrow Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as
soon as reasonably practicable under the circumstances. 
 g. The Escrow Agent shall not be liable for any action taken or not
taken by it in accordance with the direction or consent of the Parties or their respective agents, representatives, successors, or assigns. The Escrow Agent shall not be liable for acting or refraining from acting upon any notice, request, consent,
direction, requisition, certificate, order, affidavit, letter, or other paper or document believed by it to be genuine and correct and to have been signed or sent by the proper person or persons, without further inquiry into the person’s or
persons’ authority. Concurrent with the execution of this Escrow Agreement, the Parties shall deliver to the Escrow Agent authorized signers’ forms in the form of Exhibit B-1 and Exhibit B-2 to this Escrow Agreement. 

8. Resignation. Escrow Agent may resign upon giving ten (10) days’ prior written notice to Company and Buyer. A
successor escrow agent (the “Successor”) shall be appointed by Company and Buyer within ten (10) days following the date of such resignation, failing which this such amount shall be interpleaded in accordance with Section 9
below. Any appointed Successor must execute, acknowledge and deliver to its predecessor escrow agent (the “Predecessor”) and Company and Buyer an instrument accepting such appointment and agreeing to the terms of this Agreement. The
resignation of the Predecessor thereupon becomes effective and the Successor succeeds to the rights and duties of the Predecessor hereunder. The Predecessor will immediately deliver to the Successor the Escrow Amount, and all interest and other
income earned thereon, and any documents then held by the Predecessor pursuant to this Agreement. 
 9. Fees. The Escrow
Agent shall be entitled to compensation for its services as stated in the fee schedule attached hereto as Exhibit A, which compensation shall be paid equally by 

 
Buyer and Seller. The fee agreed upon for the services rendered hereunder is intended as full compensation for the Escrow Agent’s services as contemplated by this Escrow Agreement; provided,
however, that in the event that the conditions for the disbursement of funds under this Escrow Agreement are not fulfilled, or the Escrow Agent renders any service not contemplated in this Escrow Agreement, or there is any assignment of interest in
the subject matter of this Escrow Agreement, or any material modification hereof, or if any material controversy arises hereunder, or the Escrow Agent is made a party to any litigation pertaining to this Escrow Agreement or the subject matter
hereof, then the Escrow Agent shall be compensated for such extraordinary services and reimbursed for all costs and expenses, including reasonable attorneys’ fees and expenses, occasioned by any such delay, controversy, litigation or event. If
any amount due to the Escrow Agent hereunder is not paid within thirty (30) days of the date due, the Escrow Agent in its sole discretion may charge interest on such amount up to the highest rate permitted by applicable law. The Escrow Agent
shall have, and is hereby granted, a prior lien upon the Escrow Property with respect to its unpaid fees, non-reimbursed expenses and unsatisfied indemnification rights, superior to the interests of any other persons or entities and is hereby
granted the right to set off and deduct any unpaid fees, non-reimbursed expenses and unsatisfied indemnification rights from the Escrow. 
 10. Adverse Claims and Interpleader. In the event of any disagreement or the presentation of adverse claims or demands in connection with disbursement of the Escrow Amount, Escrow Agent is, at its
option, entitled to refuse to comply with any such claims or demands during the continuance of such disagreement and may refrain from delivering any item affected hereby. In so doing, Escrow Agent shall not become liable to the other parties hereto
due to its failure to comply with any such adverse claim or demand. Escrow Agent is entitled to continue, without liability, to refrain and refuse to act: (a) until all rights of the adverse claimants have been finally adjudicated by a court
having jurisdiction over the parties and the items affected hereby, after which time Escrow Agent is entitled to act in conformity with such adjudication, or (b) until all differences have been adjusted by agreement and Escrow Agent has been
notified thereof and has been directed in writing signed by Company and Buyer, at which time Escrow Agent is protected in acting in compliance therewith. 
 Escrow Agent shall have the right to interplead the funds held hereunder with a state or federal court having jurisdiction over Clark County, Nevada, in order to resolve any conflicting claims of Company
and Buyer or if Escrow Agent shall elect to resign as Escrow Agent and no replacement escrow agent has been named, then Escrow Agent may either continue to act as Escrow Agent or interplead the funds with such court. 

11. Assignment. None of the parties hereto may assign or transfer (voluntarily or involuntarily, whether by operation of law or
otherwise) any of its rights or obligations under this Agreement without the prior written consent of the other parties. 
 12.
Further Assurances. The parties will execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purpose of this Agreement. 

13. Exhibits. The Exhibits to this Agreement are hereby incorporated into this Agreement and are hereby made a part hereof as if
set out in fully in this Agreement. 

 14. Binding Agreement. This Agreement shall be binding upon and inure to the benefit
of the successors and assigns of the parties hereto. 
 15. Governing Law, Venue. This Agreement shall be construed and
enforced in accordance with the laws of the State of Nevada without regard to choice of law rules. Any action to enforce or that arises out of or relates to any of the provisions of this Agreement shall be brought and heard exclusively in a court
having jurisdiction over Clark County, Nevada, and the parties hereto hereby consent to the jurisdiction of said Court. 
 16.
Entire Agreement. This Agreement constitutes the sole and entire agreement between the parties with respect to the transactions contemplated herein, and there are no other agreements or understandings, oral or written, between the parties
with respect thereto. All previous negotiations and discussions have been fully integrated herein. This Agreement shall not be amended or modified except by writing signed by all the parties hereto. 

17. Notices. Any notice, demand or other communication required or permitted hereunder shall be in writing and signed by the party
giving such notice, and shall be deemed to be delivered when (a) personally delivery against signed receipt, (b) sent by facsimile, telecopier or similar transmission, at the number set forth below, followed immediately with mailing the
same by regular United States mail, (c) deposited for overnight delivery with a nationally recognized overnight courier, or (d) deposited in the United States mail, sent by certified mail, postage prepaid and return receipt requested, and
addressed to the following addresses. The parties may change their respective addresses and/or facsimile numbers for the receipt of notice hereunder by giving notice to the other party in accordance herewith. 

 

			
	 To Company:
	  	 Mercury Marquis Holdings, LLC

289 Manzanita Ranch Lane
 Las Vegas, NV
89012
 Attn: Gary Patten

		
	 With a copy to:        
	  	 McDowell, Rice, Smith & Buchanan, P.C.
 605 West 47th Street, Suite 350
 Kansas City, Missouri 64112

Attn: Joe A. Harter

		
	 and:
	  	 The Muir Law Firm, LLC

10895 Lowell, Suite 210
 Overland Park, KS
66210
 Attn: Tim Muir

		
	 To Buyer:
	  	 Zayo Colocation, Inc.
 400
Centennial Parkway, Suite 200
 Louisville, CO 80027

		
	 With a copy to:
	  	 Gibson, Dunn & Crutcher, LLP
 1801 California Street, Suite 4200
 Denver, CO 80202

Attn: Steve Talley

			
	 To Escrow Agent:
	  	 Wells Fargo Bank, National Association
 45 Broadway, 14th Floor
 New York, NY 10006
 Attention: Matthew Sherman;
 Corporate, Municipal and Escrow Solutions

Telephone: (212) 515-1573
 Facsimile:
(212) 509-1716

 18. Waiver. Any agreement on the part of a party to any extension or waiver of any provision of
this Agreement shall be valid only if set forth in an instrument in writing signed on behalf of such party. A waiver by a party of the performance of any covenant, agreement, obligation, representation or warranty shall not be construed as a waiver
of any other covenant, agreement, obligation, representation or warranty. A waiver by any party of the performance of any act will not constitute a waiver of the performance of any other act or an identical act required to be performed at a later
time. No failure on the part of any party to exercise, and no delay in exercising, any right, power or privilege hereunder operate as a waiver thereof 
 19. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts
have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart. Facsimile transmission of any signed original document, and retransmission of any facsimile
transmission, shall be the same as delivery of any original document. At the request of either party, the other parties shall confirm facsimile transmitted signatures by signing an original document. 

20. Costs and Attorneys’ Fees. In the event Company or Seller institutes legal action for an alleged breach of this Agreement
by the other Party and a breach shall be established, the prevailing party shall be entitled to recover, in addition to damages or other relief, its reasonable costs and expenses, including reasonable attorneys’ fees and court costs. As used
herein, the term “prevailing party” shall mean the party which obtains the principal relief it has sought, whether by compromise settlement or judgment. If the party which commenced or instituted the action or proceeding shall dismiss or
discontinue it without the concurrence of the other party, such other party shall be deemed the prevailing party. 
 21.
Survival. The provisions set forth in Sections 6, 11, 14, 16 and 19 hereof shall survive termination of this Agreement. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
 [SIGNATURE PAGE
FOLLOWING] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the date first set forth above. 
  

			
	 COMPANY:

	
	 MERCURY MARQUIS HOLDINGS, LLC,

a Nevada limited liability company

		
	By:	 	 /s/ Gary Patten

	Name:	 	Gary Patten
	Title:	 	President
	
	BUYER:
	
	 ZAYO COLOCATION, INC.,
 a Delaware corporation

		
	By:	 	 /s/ Scott Beer

	Name:	 	Scott Beer
	Title:	 	General Counsel & Secretary
	
	ESCROW AGENT:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Matthew Sherman

	Name:	 	Matthew Sherman
	Title:	 	Vice President

 EXHIBIT A 

Escrow Agent Fees 

 EXHIBIT B-1 

Certificate as to Authorized Signatures 
 The specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives of [PARTY 1] and are authorized to initiate and approve
transactions of all types for the escrow account or accounts established under the Escrow Agreement to which this Exhibit B-1 is attached, on behalf of MERCURY MARQUIS HOLDINGS, LLC 

 

					
	Name / Title	  	 	  	Specimen Signature
			
	 Tim Muir
 Name
	  		  	 /s/ Tim Muir

Signature

			
	 Authorized Representative

Title
	  		  	
			
	 Gary Patten
 Name
	  		  	 /s/ Gary Patten

Signature

			
	 President
 Title
	  		  	
			
	  
 Name
	  		  	  

Signature

			
	  
 Title
	  		  	
			
	  
 Name
	  		  	  

Signature

			
	  
 Title
	  		  	

 EXHIBIT B-2 

Certificate as to Authorized Signatures 
 The specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives of [PARTY 2] and are authorized to initiate and approve
transactions of all types for the escrow account or accounts established under the Escrow Agreement to which this Exhibit B-2 is attached, on behalf of ZAYO COLOCATION, INC 

 

					
	Name / Title	 	 	 	Specimen Signature
			
	  

Name
	 		 	  
 Signature

			
	  

Title
	 		 	
			
	  

Name
	 		 	  
 Signature

			
	  

Title
	 		 	
			
	  

Name
	 		 	  
 Signature

			
	  

Title
	 		 	
			
	  

Name
	 		 	  
 Signature

			
	  

Title
	 		 	

 EXHIBIT C-2 

CUSTOMER RENEWAL ESCROW AGREEMENT 
 THIS CUSTOMER RENEWAL ESCROW AGREEMENT (“Agreement”) is made as of the 30th day of December, 2011, by and among MERCURY MARQUIS HOLDINGS, LLC, a Nevada limited liability company
(“Company”), ZAYO COLOCATION, Inc., a Delaware corporation (“Buyer”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as escrow agent (“Escrow Agent”). 

RECITALS 

The following recitals of fact are a material part of this Agreement: 

A. Company and Buyer have entered into that certain Asset Purchase Agreement dated December     , 2011.
(“Purchase Agreement”). Capitalized terms not defined herein are defined in the Purchase Agreement. The terms of the Purchase Agreement are incorporated herein by this reference. 

B. As a condition of Section 2.4(b)(ii) of the Purchase Agreement, the parties to the Purchase Agreement have agreed to place One
Million Eight Hundred Seventy Five Thousand Dollars ($1,875,000) in escrow for disbursement to Company or Buyer pursuant to the terms of this Agreement as described below. 
 In consideration of the foregoing recitals (which are incorporated herein), the mutual covenants herein contained and other good and valuable consideration, the receipt, adequacy and sufficiency of which
are hereby acknowledged by the parties by their execution hereof, the parties agree as follows. 
 1. Appointment of Escrow
Agent. Company and Buyer hereby appoint Escrow Agent to act as escrow agent hereunder, and Escrow Agent hereby accepts such appointment and agrees to perform the duties of Escrow Agent hereinafter set forth, subject to the terms and conditions
of this Agreement. 
 2. Delivery of Escrow Amount. Buyer shall deliver to Escrow Agent by wire transfer of immediately
available funds the sum of One Million Eight Hundred Seventy Five Thousand Dollars ($1,875,000.00) (“Escrow Amount”). Escrow Agent shall acknowledge receipt of the Escrow Amount by a means acceptable to the Escrow Agent, which Escrow
Amount shall be held and disposed of by Escrow Agent in accordance with the terms and conditions of this Agreement. 
 3.
Maintenance of Escrow Amount. The Escrow Amount is to be held by Escrow Agent in a separate escrow account. The Escrow Agent will cause the Escrow Amount to be invested as soon as reasonably practicable, including interest and other income
earned thereon, in a FDIC insured account or other account or investment consented to by Company and Buyer. All interest and other income earned on the Escrow Amount shall be paid to the party receiving the disbursement of funds hereunder.

 4. Income Tax and Reporting 

(a) The Parties agree that, for tax reporting purposes, all interest and other income from investment of the Escrow Property shall, as of
the end of each calendar year and to the extent required by the Internal Revenue Service, be reported as having been earned by Company, whether or not such income was disbursed during such calendar year. 

(b) Prior to closing, the Parties shall provide the Escrow Agent with certified tax identification numbers by furnishing appropriate
forms W-9 or W-8 and such other forms and documents that the Escrow Agent may request. The Parties understand that if such tax reporting documentation is not provided and certified to the Escrow Agent, the Escrow Agent may be required by the
Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, to withhold a portion of any interest or other income earned on the investment of the Escrow Property. 

(c) To the extent that the Escrow Agent becomes liable for the payment of any taxes in respect of income derived from the investment of
the Escrow Property, the Escrow Agent shall satisfy such liability to the extent possible from the Escrow Property. The Parties, jointly and severally, shall indemnify, defend and hold the Escrow Agent harmless from and against any tax, late
payment, interest, penalty or other cost or expense that may be assessed against the Escrow Agent on or with respect to the Escrow Property and the investment thereof unless such tax, late payment, interest, penalty or other expense was directly
caused by the gross negligence or willful misconduct of the Escrow Agent. The indemnification provided by this Section 1.4(c) is in addition to the indemnification provided in Section 3.1 and shall survive the resignation or removal of the
Escrow Agent and the termination of this Escrow Agreement. 
 5. Reduction and Disbursement of Escrow Amount. On the
occasion on which the Company has a good faith belief that it is entitled to payment of the full Escrow Amount (the “Claim”) pursuant to the provisions of the Purchase Agreement, the Company shall deliver to the Escrow Agent and
Buyer a written request for the payment of such amount (a “Claim Notice”), which request shall identify in reasonable detail the facts and circumstances supporting the Claim, and such request shall be consented to by Buyer. Absent
joint written instructions from the Buyer and Company specifying the agreement of the parties as to the action to be taken with respect to such Claim (“Payment Instructions”), Buyer or Company shall submit such matter to binding
arbitration pursuant to the arbitration provisions of Section 7.16 of the Purchase Agreement or obtain a final decision of the Chosen Court, and deliver a copy of a final, non-appealable order of the court or binding arbitral award pursuant to
which such court or arbitral body has determined whether and to what extent the Buyer or Company is entitled to the amount requested in such Claim Notice, and a notarized affidavit (the “Affidavit”) signed by the submitting party
stating that (a) such decision is final and non-appealable (such notice, decision and statement, collectively, a “Determination Order”); and that (b) a copy of such Determination Order has been delivered by the Buyer or
Company, as the case may be, to the other party concurrently with the delivery thereof to the Escrow Agent. Escrow Agent may conclusively rely on such Determination Order and Affidavit and may make the requested payment 

6. Restrictions on Disbursement. Escrow Agent shall have no duty or obligation to disburse the Escrow Funds except in accordance
with this Agreement. 

 7. Liability and Indemnification of Escrow Agent. 

a. Escrow Agent shall not be liable to Company or Buyer, or any of their successors or permitted assigns, for any action or failure to
act by Escrow Agent hereunder, except for Escrow Agent’s own gross negligence or willful misconduct. Company and Buyer each agree to jointly and severally indemnify and hold harmless Escrow Agent, and any successor or permitted assign, from and
against any and all losses, liabilities, claims, actions, damages and expenses, including reasonable attorneys’ fees, arising out of or in connection with this Agreement, except for claims against Escrow Agent that have been finally adjudicated
to have been directly caused by the willful misconduct or gross negligence of the Escrow Agent. 
 b. The escrow agent shall not
be liable, directly or indirectly, for any (i) damages, Losses or expenses arising out of the services provided hereunder, other than damages, losses or expenses which have been finally adjudicated to have directly resulted from the escrow
agent’s gross negligence or willful misconduct, or (ii) special, Indirect or consequential damages or losses of any kind whatsoever (including without limitation lost profits), even if the escrow agent has been advised of the possibility
of such losses or damages and regardless of the form of action. 
 c. Notwithstanding any provision to the contrary, the Escrow
Agent is obligated only to perform the duties specifically set forth in this Escrow Agreement, which shall be deemed purely ministerial in nature. Under no circumstances will the Escrow Agent be deemed to be a fiduciary to any Party or any other
person under this Escrow Agreement. The Escrow Agent will not be responsible or liable for the failure of any Party to perform in accordance with this Escrow Agreement. The Escrow Agent shall neither be responsible for, nor chargeable with,
knowledge of the terms and conditions of any other agreement, instrument, or document other than this Escrow Agreement, whether or not an original or a copy of such agreement has been provided to the Escrow Agent; and the Escrow Agent shall have no
duty to know or inquire as to the performance or nonperformance of any provision of any such agreement, instrument, or document. References in this Escrow Agreement to any other agreement, instrument, or document are for the convenience of the
Parties, and the Escrow Agent has no duties or obligations with respect thereto. This Escrow Agreement sets forth all matters pertinent to the escrow contemplated hereunder, and no additional obligations of the Escrow Agent shall be inferred or
implied from the terms of this Escrow Agreement or any other agreement. 
 d. Escrow Agent is a depository only and is entitled
to rely upon any order, judgment, certification, demand, notice, instrument or other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity of
the service thereof. Escrow Agent may act in reliance upon any instrument or signature believed by it to be genuine and may assume that any person purporting to give any notice or receipt or advice or to make any statement or executing any document
in connection with the provisions hereof has been duly authorized to so do. If Escrow Agent is in doubt as to what action it should take hereunder, Escrow Agent is entitled to deposit that portion of the Escrow Amount as to which it has such doubt
with a court of competent jurisdiction and interplead the other parties for a determination of the matter. Escrow Agent shall not undertake such deposit and interpleader unless it has given Company and Buyer a written notice ten (10) days
before such deposit and interpleader as to the intentions of Escrow Agent. Company and Buyer agree to reimburse Escrow Agent from the Escrow Amount for any expenses incurred in the event Escrow Agent interpleads all or a portion of the Escrow
Amount. 

 e. In the event that any Escrow Property shall be attached, garnished or levied upon by any
court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the Escrow Property, the Escrow Agent is hereby expressly authorized, in
its sole discretion, to respond as it deems appropriate or to comply with all writs, orders or decrees so entered or issued, or which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction. In the
event that the Escrow Agent obeys or complies with any such writ, order or decree it shall not be liable to any of the Parties or to any other person, firm or corporation, should, by reason of such compliance notwithstanding, such writ, order or
decree be subsequently reversed, modified, annulled, set aside or vacated. 
 f. Force Majeure: The Escrow Agent shall not be
responsible or liable for any failure or delay in the performance of its obligation under this Escrow Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of
God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances; sabotage; epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications services; accidents; labor
disputes; acts of civil or military authority or governmental action; it being understood that the Escrow Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as
soon as reasonably practicable under the circumstances. 
 g. The Escrow Agent shall not be liable for any action taken or not
taken by it in accordance with the direction or consent of the Parties or their respective agents, representatives, successors, or assigns. The Escrow Agent shall not be liable for acting or refraining from acting upon any notice, request, consent,
direction, requisition, certificate, order, affidavit, letter, or other paper or document believed by it to be genuine and correct and to have been signed or sent by the proper person or persons, without further inquiry into the person’s or
persons’ authority. Concurrent with the execution of this Escrow Agreement, the Parties shall deliver to the Escrow Agent authorized signers’ forms in the form of Exhibit B-1 and Exhibit B-2 to this Escrow Agreement 

8. Resignation. Escrow Agent may resign upon giving thirty (30) days’ prior written notice to Company and Buyer. A
successor escrow agent (the “Successor”) shall be appointed by Company and Buyer within ten (10) days following the date of such resignation, failing which this such amount shall be interpleaded in accordance with Section 9
below. Any appointed Successor must execute, acknowledge and deliver to its predecessor escrow agent (the “Predecessor”) and Company and Buyer an instrument accepting such appointment and agreeing to the terms of this Agreement. The
resignation of the Predecessor thereupon becomes effective and the Successor succeeds to the rights and duties of the Predecessor hereunder. The Predecessor will immediately deliver to the Successor the Escrow Amount, and all interest and other
income earned thereon, and any documents then held by the Predecessor pursuant to this Agreement. 
 9. Fees. The Escrow
Agent shall be entitled to compensation for its services as stated in the fee schedule attached hereto as Exhibit A, which compensation shall be paid equally by 

 
Buyer and Seller. The fee agreed upon for the services rendered hereunder is intended as full compensation for the Escrow Agent’s services as contemplated by this Escrow Agreement; provided,
however, that in the event that the conditions for the disbursement of funds under this Escrow Agreement are not fulfilled, or the Escrow Agent renders any service not contemplated in this Escrow Agreement, or there is any assignment of interest in
the subject matter of this Escrow Agreement, or any material modification hereof, or if any material controversy arises hereunder, or the Escrow Agent is made a party to any litigation pertaining to this Escrow Agreement or the subject matter
hereof, then the Escrow Agent shall be compensated for such extraordinary services and reimbursed for all costs and expenses, including reasonable attorneys’ fees and expenses, occasioned by any such delay, controversy, litigation or event. If
any amount due to the Escrow Agent hereunder is not paid within thirty (30) days of the date due, the Escrow Agent in its sole discretion may charge interest on such amount up to the highest rate permitted by applicable law. The Escrow Agent
shall have, and is hereby granted, a prior lien upon the Escrow Property with respect to its unpaid fees, non-reimbursed expenses and unsatisfied indemnification rights, superior to the interests of any other persons or entities and is hereby
granted the right to set off and deduct any unpaid fees, non-reimbursed expenses and unsatisfied indemnification rights from the Escrow. 
 10. Adverse Claims and Interpleader. In the event of any disagreement or the presentation of adverse claims or demands in connection with disbursement of the Escrow Amount, Escrow Agent is, at its
option, entitled to refuse to comply with any such claims or demands during the continuance of such disagreement and may refrain from delivering any item affected hereby. In so doing, Escrow Agent shall not become liable to the other parties hereto
due to its failure to comply with any such adverse claim or demand. Escrow Agent is entitled to continue, without liability, to refrain and refuse to act: (a) until all rights of the adverse claimants have been finally adjudicated by a court
having jurisdiction over the parties and the items affected hereby, after which time Escrow Agent is entitled to act in conformity with such adjudication, or (b) until all differences have been adjusted by agreement and Escrow Agent has been
notified thereof and has been directed in writing signed by Company and Buyer, at which time Escrow Agent is protected in acting in compliance therewith. 
 Escrow Agent shall have the right to interplead the funds held hereunder with a state or federal court having jurisdiction over Clark County, Nevada, in order to resolve any conflicting claims of Company
and Buyer. If Escrow Agent shall elect to resign as Escrow Agent and no replacement escrow agent has been named, then Escrow Agent may either continue to act as Escrow Agent or interplead the funds with such court. 

11. Assignment. None of the parties hereto may assign or transfer (voluntarily or involuntarily, whether by operation of law or
otherwise) any of its rights or obligations under this Agreement without the prior written consent of the other parties. 
 12.
Further Assurances. The parties will execute and deliver such further instruments and do such further acts and things as may be required to carry out the intent and purpose of this Agreement. 

13. Exhibits. The Exhibits to this Agreement are hereby incorporated into this Agreement and are hereby made a part hereof as if
set out in fully in this Agreement. 

 14. Binding Agreement. This Agreement shall be binding upon and inure to the benefit
of the successors and assigns of the parties hereto. 
 15. Governing Law, Venue. This Agreement shall be construed and
enforced in accordance with the laws of the State of Nevada without regard to choice of law rules. Any action to enforce or that arises out of or relates to any of the provisions of this Agreement shall be brought and heard exclusively in a court
having jurisdiction over Clark County, Nevada, and the parties hereto hereby consent to the jurisdiction of said Court. 
 16.
Entire Agreement. This Agreement constitutes the sole and entire agreement between the parties with respect to the transactions contemplated herein, and there are no other agreements or understandings, oral or written, between the parties
with respect thereto. All previous negotiations and discussions have been fully integrated herein. This Agreement shall not be amended or modified except by writing signed by all the parties hereto. 

17. Notices. Any notice, demand or other communication required or permitted hereunder shall be in writing and signed by the party
giving such notice, and shall be deemed to be delivered when (a) personally delivery against signed receipt, (b) sent by facsimile, telecopier or similar transmission, at the number set forth below, followed immediately with mailing the
same by regular United States mail, (c) deposited for overnight delivery with a nationally recognized overnight courier, or (d) deposited in the United States mail, sent by certified mail, postage prepaid and return receipt requested, and
addressed to the following addresses. The parties may change their respective addresses and/or facsimile numbers for the receipt of notice hereunder by giving notice to the other party in accordance herewith. 

 

			
	 To Company:
	  	 Mercury Marquis Holdings, LLC

289 Manzanita Ranch Lane
 Las Vegas, NV
89012
 Attn: Gary Patten

		
	 With a copy to:
	  	 McDowell, Rice, Smith & Buchanan, P.C.
 605 West 47th Street, Suite 350
 Kansas City, Missouri 64112

Attn: Joe A. Harter

		
	 and:
	  	 The Muir Law Firm, LLC

10895 Lowell, Suite 210
 Overland Park, KS
66210
 Attn: Tim Muir

		
	 To Buyer:
	  	 Zayo Colocation, Inc.
 400
Centennial Parkway, Suite 200
 Louisville, CO 80027

		
	 With a copy to:        
	  	 Gibson, Dunn & Crutcher, LLP
 1801 California Street, Suite 4200
 Denver, CO 80202

Attn: Steve Talley

			
	 To Escrow Agent:
	  	 Wells Fargo Bank, National Association
 45 Broadway, 14th Floor
 New York, NY 10006
 Attention: Matthew Sherman;
 Corporate, Municipal and Escrow Solutions

Telephone: (212) 515-1573
 Facsimile:
(212) 509-1716

 18. Waiver. Any agreement on the part of a party to any extension or waiver of any provision of
this Agreement shall be valid only if set forth in an instrument in writing signed on behalf of such party. A waiver by a party of the performance of any covenant, agreement, obligation, representation or warranty shall not be construed as a waiver
of any other covenant, agreement, obligation, representation or warranty. A waiver by any party of the performance of any act will not constitute a waiver of the performance of any other act or an identical act required to be performed at a later
time. No failure on the part of any party to exercise, and no delay in exercising, any right, power or privilege hereunder operate as a waiver thereof 
 19. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts
have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart. Facsimile transmission of any signed original document, and retransmission of any facsimile
transmission, shall be the same as delivery of any original document. At the request of either party, the other parties shall confirm facsimile transmitted signatures by signing an original document. 

20. Costs and Attorneys’ Fees. In the event Company or Seller institutes legal action for an alleged breach of this Agreement
by the other Party and a breach shall be established, the prevailing party shall be entitled to recover, in addition to damages or other relief, its reasonable costs and expenses, including reasonable attorneys’ fees and court costs. As used
herein, the term “prevailing party” shall mean the party which obtains the principal relief it has sought, whether by compromise settlement or judgment. If the party which commenced or instituted the action or proceeding shall dismiss or
discontinue it without the concurrence of the other party, such other party shall be deemed the prevailing party. 
 21.
Survival. The provisions set forth in Sections 6, 11, 14, 16 and 19 hereof shall survive termination of this Agreement. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
 [SIGNATURE PAGE
FOLLOWING] 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the date first set forth above. 
  

			
	 COMPANY:

	
	 MERCURY MARQUIS HOLDINGS, LLC,

a Nevada limited liability company

		
	 By:
	 	 /s/ Gary Patten

	 Name:
	 	Gary Patten
	 Title:
	 	President
		
	 BUYER:
	 	
	
	 ZAYO COLOCATION, INC.,

a Delaware corporation

		
	 By:
	 	 /s/ Scott Beer

	 Name:
	 	Scott Beer
	 Title:
	 	General Counsel & Secretary
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	
	ESCROW AGENT:
	
	                           
                                         
                                 
		
	 By:
	 	 /s/ Matthew Sherman

	 Name:
	 	Matthew Sherman
	 Title:
	 	Vice President

 EXHIBIT A 

Escrow Agent Fees 

 EXHIBIT B-1 

Certificate as to Authorized Signatures 
 The specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives of [PARTY 1] and are authorized to initiate and approve
transactions of all types for the escrow account or accounts established under the Escrow Agreement to which this Exhibit B-1 is attached, on behalf of MERCURY MARQUIS HOLDINGS, LLC 

 

					
	Name / Title	  	 	  	Specimen Signature
			
	 Tim Muir
 Name
	  		  	 /s/ Tim Muir

Signature

			
	 Authorized Representative

Title
	  		  	
			
	 Gary Patten
 Name
	  		  	 /s/ Gary Patten

Signature

			
	 President
 Title
	  		  	
			
	  
 Name
	  		  	  

Signature

			
	  
 Title
	  		  	
			
	  
 Name
	  		  	  

Signature

			
	  
 Title
	  		  	

 EXHIBIT B-2 

Certificate as to Authorized Signatures 
 The specimen signatures shown below are the specimen signatures of the individuals who have been designated as authorized representatives of [PARTY 2] and are authorized to initiate and approve
transactions of all types for the escrow account or accounts established under the Escrow Agreement to which this Exhibit B-2 is attached, on behalf of ZAYO COLOCATION, INC 

 

					
	Name / Title	  	 	  	Specimen Signature
			
	  

Name
	  		  	  
 Signature

			
	  

Title
	  		  	
			
	  

Name
	  		  	  
 Signature

			
	  

Title
	  		  	
			
	  

Name
	  		  	  
 Signature

			
	  

Title
	  		  	
			
	  

Name
	  		  	  
 Signature

			
	  

Title
	  		  	

 Exhibit D-1 — Assignment and Assumption Agreement 

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Assignment”) is made as of the 30th day of December, 2011 (the
“Effective Date”), by MERCURY MARQUIS HOLDINGS, LLC, a Nevada limited liability company (“Company”), and ZAYO COLOCATION, INC., a Delaware corporation (“Buyer”). 

Concurrently with the execution and delivery hereof, pursuant to a certain Asset Purchase Agreement dated December 30, 2011 (the
“Agreement”) between Company and Buyer, Company is conveying to Buyer all of Company’s right, title and interest in and to all assets of the Company except as excluded in the Agreement (the “Assigned Assets”).
The terms and provisions of the Agreement are incorporated herein by this reference. Company and Buyer hereby reaffirm the representations, warranties and covenants contained in the Agreement. Nothing in this Assignment shall alter any liability or
obligation of the Company or Buyer arising under the Agreement, which shall govern the representations, warranties and obligations of the parties with respect to the Assigned Assets. Any capitalized terms not defined herein shall have the definition
set forth in the Agreement. The Assigned Assets are conveyed by the Agreement, this Assignment and a separate Bill of Sale. 

ASSIGNMENT 
 Company does hereby sell, assign, transfer, set over and deliver unto Buyer, its successors and assigns, with warranty of title and subject to the limitations contained in the Agreement, right, title and
interest in and to all rights of the Company under (i) all Contracts with customers for the purchase of products and/or services of the Business (the “Assigned Customer Contracts”) attached hereto as Exhibit A and
(ii) all Contracts with vendors, suppliers, licensors and service providers relating to the Business (the “Assigned Vendor Contracts”) attached hereto as Exhibit B. 

TO HAVE AND TO HOLD such Assigned Assets unto Buyer, its successors and assigns, forever. 

ASSUMPTION 
 Buyer accepts the foregoing assignment and assumes and agrees to be bound by and to perform and observe all of the obligations, covenants, terms and conditions to be performed or observed under the
Assigned Customer Contracts and Assigned Vendor Contracts only to the extent such obligations, covenants, terms and conditions arise after the Effective Date and do not arise from or relate to any breach, violation or default by Assignor of any
provision of such Assigned Customer Contracts or Assigned Vendor Contracts prior to the Effective Date. 
 COUNTERPART COPIES

 This Assignment may be executed in two (2) or more counterpart copies, all of which counterparts shall have the same
force and effect as if all parties hereto had executed a single copy of this Assignment. 
 [THE REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK] 
 [SIGNATURE PAGE FOLLOWING] 

 IN WITNESS WHEREOF, the parties have caused this Assignment to be executed as of the
Effective Date. 
  

			
	 BUYER:

	
	 ZAYO COLOCATION, INC.,

a Delaware corporation

		
	 By:
	 	 /s/ Scott Beer

	 Name:
	 	Scott Beer
	 Title:
	 	General Counsel & Secretary
	
	 COMPANY:

	
	 MERCURY MARQUIS HOLDINGS, LLC,

a Nevada limited liability company

		
	 By:
	 	 /s/ Gary Patten

	 Name:
	 	Gary Patten
	 Title:
	 	President

 EXHIBIT A 
 MarquisNet 
 List of Customers and Contract Terms 

 

											
	 Customer Number
	  	 Customer Name
	  	Contract Start	 	  	Contract End	 
	 10096
	  	2c Processor USA LLC (Merchant Billing Services)	  	 	2/8/2010	  	  	 	2/8/2013	  
	 11145
	  	Acumen Entertainment Group, Inc. (MovieGoods)	  	 	1/30/2010	  	  	 	1/30/2013	  
	 11120
	  	All Management Corporation (All Student Loan)	  	 	12/1/2011	  	  	 	12/1/2012	  
	 11055
	  	AllegianceMD Software Inc.	  	 	11/12/2011	  	  	 	11/12/2012	  
	 11183
	  	America One (One Media Group)	  	 	11/1/2011	  	  	 	11/1/2012	  
	 11017
	  	Anderson PC.com (Anderson Computer Systems)	  	 	4/28/2011	  	  	 	4/28/2012	  
	 11196
	  	Anthony Martin	  	 	5/12/2011	  	  	 	5/12/2013	  
	 11061
	  	Apartments 24-7	  	 	10/30/2011	  	  	 	10/30/2012	  
	 11029
	  	Arogo.net	  	 	6/12/2010	  	  	 	6/12/2012	  
	 11053
	  	Atlas Development	  	 	6/23/2011	  	  	 	6/23/2012	  
	 11149
	  	Atomic Group (Atomic PC)	  	 	4/30/2011	  	  	 	4/30/2012	  
	 11105
	  	Baja Broadband	  	 	2/8/2010	  	  	 	2/8/2012	  
	 11099
	  	BankServ	  	 	7/26/2009	  	  	 	7/26/2012	  
	 11072
	  	BBG Communications	  	 	11/7/2011	  	  	 	11/7/2012	  
	 11192
	  	Bear Data Solutions Inc.	  	 	3/16/2011	  	  	 	3/16/2012	  
	 11191
	  	Big Webbed Feet	  	 	1/21/2011	  	  	 	1/21/2013	  
	 10100
	  	Bonus Interactive (Swish Marketing, Unbent Media)	  	 	2/8/2010	  	  	 	2/8/2012	  
	 11195
	  	Box 3 Solutions	  	 	5/10/2011	  	  	 	5/10/2013	  
	 11108
	  	Brian Ronald	  	 	11/30/2011	  	  	 	11/30/2012	  
	 11178
	  	CBM LLC	  	 	7/29/2010	  	  	 	7/29/2012	  
	 11016
	  	Clairvoyix	  	 	9/27/2011	  	  	 	9/27/2012	  
	 11147
	  	ClinDatrix, Inc.	  	 	4/20/2010	  	  	 	4/20/2013	  
	 11151
	  	Colo5 (Acosta)	  	 	7/1/2011	  	  	 	7/1/2013	  
	 11097
	  	CompSpec	  	 	2/24/2011	  	  	 	2/24/2012	  
	 11163
	  	CPS Insurance Services	  	 	7/20/2010	  	  	 	7/20/2012	  
	 11044
	  	Critical Mention	  	 	7/29/2011	  	  	 	7/29/2012	  
	 11088
	  	CRS Corporation (CRS & Associates)	  	 	8/1/2011	  	  	 	8/1/2013	  
	 11118
	  	DarqFlare Enterprises	  	 	7/1/2011	  	  	 	7/1/2012	  
	 11186
	  	DealerTrack	  	 	12/1/2011	  	  	 	12/1/2012	  
	 11138
	  	Delos Insurance (Imperium Insurance Company)	  	 	9/15/2009	  	  	 	9/15/2012	  
	 11146
	  	Designline Graphics, Inc.	  	 	2/20/2010	  	  	 	2/20/2013	  

											
	 Customer Number
	  	 Customer Name
	  	Contract Start	 	  	 Contract End
	 
	 11008
	  	Digital Design	  	 	9/18/2010	  	  	 	9/18/2012	  
	 11093
	  	Dyno Nobel	  	 	7/30/2011	  	  	 	7/30/2012	  
	 11032
	  	eBizAutos (Lookslike Inc)	  	 	1/16/2011	  	  	 	1/16/2012	  
	 11037
	  	eCommLink	  	 	12/31/2008	  	  	 	12/31/2011	  
	 11194
	  	Edit Solutions, LLC	  	 	4/15/2011	  	  	 	4/15/2013	  
	 11144
	  	Eisenhower Medical Center	  	 	3/26/2010	  	  	 	3/26/2012	  
	 11132
	  	Entertainme World, Inc.	  	 	5/8/2011	  	  	 	5/8/2012	  
	 11121
	  	FiTECH	  	 	1/1/2011	  	  	 	1/1/2013	  
	 11060
	  	Fortitude Technology (Mor Furniture)	  	 	11/8/2010	  	  	 	11/8/2012	  
	 11066
	  	FreedomRocks, Inc	  	 	12/11/2011	  	  	 	12/11/2012	  
	 11042
	  	G2 Web, Inc.	  	 	6/16/2011	  	  	 	6/16/2012	  
	 11119
	  	Geneva Roth Ventures, Inc. (MMP Partners LLC.)	  	 	1/14/2012	  	  	 	1/14/2013	  
	 11109
	  	Global Cash Card (World Processing)	  	 	2/8/2010	  	  	 	2/8/2013	  
	 11142
	  	Global Rescue LLC	  	 	1/4/2010	  	  	 	1/4/2013	  
	 11197
	  	Global Sharing Network	  	 	5/31/2011	  	  	 	5/31/2013	  
	 11077
	  	Gracenote	  	 	4/13/2010	  	  	 	4/13/2012	  
	 11184
	  	HealthCare Partners of Nevada (JSA Health Care Nevada)	  	 	2/25/2011	  	  	 	2/25/2014	  
	 11115
	  	Healthy Concepts, Inc.	  	 	10/8/2011	  	  	 	10/8/2012	  
	 10049
	  	Hibernia Media (mediaXstream)	  	 	4/17/2011	  	  	 	4/17/2013	  
	 11112
	  	Ideal Image (LL Cosmetic Institute, Tampa Design Group)	  	 	2/15/2011	  	  	 	2/15/2012	  
	 11198
	  	JSpace LLC	  	 	9/15/2011	  	  	 	9/15/2013	  
	 10094
	  	K3 Systems	  	 	2/8/2010	  	  	 	2/8/2013	  
	 111006
	  	KGM Direct	  	 	5/28/2011	  	  	 	5/28/2012	  
	 11154
	  	Knoah Solutions Inc.	  	 	7/1/2010	  	  	 	7/1/2012	  
	 11050
	  	Krispy Kreme (Westward Dough)	  	 	8/27/2011	  	  	 	8/27/2012	  
	 11182
	  	LANAIR Group	  	 	10/27/2011	  	  	 	10/27/2012	  
	 10041
	  	LeadRev	  	 	9/22/2011	  	  	 	9/22/2012	  
	 11086
	  	Leaf Dynamic (Tucan Technologies, Withmomentum, LLC)	  	 	5/29/2011	  	  	 	5/29/2012	  
	 11111
	  	Live Office, LLC.	  				  	 	Month to Month	  
	 11135
	  	LivHOME, Inc.	  	 	8/6/2009	  	  	 	8/6/2012	  
	 11056
	  	LM Capital Group	  	 	11/7/2011	  	  	 	11/7/2012	  
	 11134
	  	Message Broadcast	  	 	6/9/2011	  	  	 	6/9/2012	  
	 11201
	  	MetroDataPath	  	 	11/16/2011	  	  	 	No yet moved in	  
	 11054
	  	MGA Entertainment	  	 	10/14/2011	  	  	 	10/14/2012	  

											
	 Customer Number
	  	 Customer Name
	  	Contract Start	 	  	Contract End	 
	 11187
	  	MNE Services, Inc.	  	 	11/9/2010	  	  	 	11/9/2013	  
	 11094
	  	Netpros Technologies Inc. (Front Porch)	  	 	7/1/2011	  	  	 	7/1/2013	  
	 11095
	  	NetSpend Corporation	  	 	8/18/2010	  	  	 	8/18/2012	  
	 11143
	  	Nevada Title Company	  	 	2/10/2010	  	  	 	2/10/2013	  
	 10098
	  	NextClient.com, Inc.	  	 	2/8/2010	  	  	 	2/8/2013	  
	 11033
	  	Orange Geek (Raja Tech)	  	 	2/23/2011	  	  	 	2/23/2012	  
	 11057
	  	Pacific Coast Companies	  	 	11/3/2011	  	  	 	11/3/2012	  
	 10099
	  	Pay Junction (Messiahic, Inc.)	  	 	2/8/2010	  	  	 	2/8/2013	  
	 11200
	  	Product Photography.com, LLC.	  	 	9/24/2011	  	  	 	9/24/2013	  
	 11188
	  	Red Cedar Services, Inc.	  	 	11/12/2010	  	  	 	11/12/2013	  
	 11067
	  	Research Affiliates	  	 	9/13/2011	  	  	 	9/13/2012	  
	 11139
	  	Retrievex, Inc. (RIM Solutions)	  	 	8/13/2009	  	  	 	8/13/2012	  
	 11199
	  	RxWorks Inc.	  	 	9/4/2011	  	  	 	9/4/2013	  
	 11090
	  	Ryan Murphy	  	 	5/23/2011	  	  	 	5/23/2012	  
	 11189
	  	SFS, Inc. (One Click Cash)	  	 	11/1/2010	  	  	 	11/1/2013	  
	 11085
	  	Showcase Business Centers	  	 	6/1/2011	  	  	 	6/1/2013	  
	 11185
	  	Solutions Thru Software	  	 	2/28/2011	  	  	 	2/28/2013	  
	 11181
	  	Southland Credit Union	  	 	11/1/2010	  	  	 	11/1/2012	  
	 11104
	  	Tecvar	  	 	8/22/2011	  	  	 	8/22/2012	  
	 10102
	  	The Chip	  	 	2/8/2010	  	  	 	2/8/2012	  
	 10090
	  	The Entrust Group	  	 	2/8/2010	  	  	 	2/8/2013	  
	 990006
	  	The Selling Source	  	 	9/1/2010	  	  	 	9/1/2012	  
	 10097
	  	The Sports Two, LLC. (MMJ Games)	  	 	2/8/2011	  	  	 	2/8/2012	  
	 11148
	  	The Sullivan Group	  	 	2/25/2011	  	  	 	2/25/2012	  
	 11068
	  	TheSportsPage.com (Beep Me Las Vegas, Sports Page TV)	  	 	1/5/2012	  	  	 	1/5/2013	  
	 11193
	  	ThinkMail LLC	  	 	3/19/2011	  	  	 	3/19/2012	  
	 11164
	  	Third Wave Technology Services, Inc.	  	 	6/26/2010	  	  	 	6/26/2012	  
	 11130
	  	Time Warner	  	 	1/30/2012	  	  	 	1/30/2013	  
	 11015
	  	Todd Huish	  	 	2/19/2010	  	  	 	2/19/2011	  
	 10075
	  	United Online (Classmates.com, Memory Lane, MyPoints.com, Inc.)	  	 	5/1/2010	  	  	 	5/1/2012	  
	 11137
	  	v Internet Corp LLC (AltCharge, GI Holdings)	  	 	8/7/2009	  	  	 	8/7/2012	  
	 11081
	  	Visionwave	  	 	4/27/2011	  	  	 	4/27/2012	  
	 11180
	  	Visterra Credit Union	  	 	11/13/2010	  	  	 	11/13/2012	  
	 11069
	  	Wagonhound Investments (Nicholas Investment Partners)	  				  	 	Month to Month	  
	 11027
	  	WorldLingo Translations, LLC.	  	 	1/19/2011	  	  	 	1/19/2014	  

 EXHIBIT B 

MARQUISNET 

Contract List (Active Contracts Only) 
  

																			
	 Contract No.
	 	 Vendor Name
	 	 Address
	 	 Service Provided
	 	 Term
	 	 Start Date
	 	 End Date
	 	 Monthly Cost
	 	 	 Early term fee

									
	 1
	 	Verizon Wireless	 	5175 Emerald Pkwy Dublin, OH 43017	 	Cellular	 	Fulfilled, Month to Month	 		 		 	$	90.30	  	 	None
									
	 2
	 	AT&T Mobility	 	 PO Box 6463
 Carol Stream, IL
60197
	 	Cellular	 	All lines (6) except Brents Brent’s	 	10/12/2010
6/15/2010	 	10/12/12
 6/15/2012
	 	$	509.31	  	 	185 each
75 Brent
									
	 3
	 	Cox	 	 750 N. Rancho Dr.
 Las Vegas,
NV 89106
	 	Internet bandwidth	 	48 mo	 	8/14/2009	 	8/14/2013	 	$	17,250.55	  	 	
									
	 4
	 	TW Telcom	 	 PO Box 172567
 Denver, CO
80217
	 	T1 for voice (ShoreTel) and
1gig bandwidth	 	24 mo	 	10/14/2010
12/09/2010	 	10/13/2012
12/08/2013	 	$	3,088.52	  	 	
									
	 5
	 	Revco	 	 3244 South 300

West Salt Lake City, UT 84115
	 	Printer/copier/fax	 	60 mo.	 	9/23/2010	 	9/23/2015	 	$	204.32	  	 	Remainder
of contract
									
	 6
	 	Alpine Water	 	6351 S. Hinson St. Suite A Las Vegas, NV 89118	 	Drinking water	 	Fulfilled, Month to Month,
$109.34 for 3 months
(paid quarterly)	 	11/15/2005	 		 	$	36.41	  	 	
									
	 7
	 	Milller Rental	 	 3990 W. Dewey Dr Suite 14
 Las
Vegas, NV 89118
	 	Storage unit in parking lot	 	Month to Month	 	2006	 	None	 	$	80.00	  	 	None
									
	 8
	 	Orkin	 	 PO Box 7161
 Pasadena, CA
91109
	 	Pest control	 	60 day notice for cancel	 	6/21/2006	 		 	$	103.31	  	 	
									
	 9
	 	Jani-King of Las Vegas	 	 File 51013
 Los Angeles, CA
90074
	 	Janitorial service	 	Annual	 	11/28/2006	 	11/28/2012	 	$	370.99	  	 	
									
	 10
	 	Silver Star Telecom	 	 16420 SE McGillivray
 Suite
103-233
 Vancouver, WA 98683
	 	Internet bandwidth	 	24 mo, now Month to Month w/60
day notice for cancel	 	Sep-09	 	Sep-11	 	$	10,500.00	  	 	
									
	 11
	 	GTT	 	 8484 Westpark Dr
 Suite 720
                    McLean,
 VA
22101
	 	Internet bandwidth	 	12 mo, now Month to Month	 	10-Sep	 	11-Sep	 	$	1,000.00	  	 	
									
	 12
	 	XO	 	 8851 Sandy Pkwy
 Sandy, UT
84070
	 	Internet bandwidth 1gig	 	24 mo, now Month to Month	 		 	9/11/2012	 	$	3,591.78	  	 	
									
	 13
	 	XO	 	 8851 Sandy Pkwy
 Sandy, UT
84070
	 	Internet bandwidth OC3	 	24 mo, now Month to Month	 		 	6/17/2013	 	$	2,851.00	  	 	
									
	 14
	 	McCarran Center, L.C.	 	 2300 W. Sahara Avenue Suite 
 530 Box 1                         Las

Vegas, NV 89102-4368
	 	Rent	 	10 year with 2, 5-year renewal
options Approximate Rent for 2011	 	2/21/2010	 	2/21/2020	 	$	41,000.00	  	 	
									
	 15
	 	McGladrey and Pullen,
LLP	 	 1455 Frazee Road, Suite 600

San Diego, CA 92108-4307
	 	SOC 1, Type 2 Audit	 	Annual	 	12/1/2010	 	11/30/2011	 				 	
									
	 16
	 	ADT	 	 PO Box 371956
 Pittsburgh, PA
15250-7956
	 	Alarm monitoring	 	1 yr, Will be cancelling this service
after contract expires	 	2005	 	3/1/2012	 	$	39.64	  	 	
									
	 17
	 	Rome Security
Services	 	6 Sunset Way, Ste-B102 Henderson, NV 89014	 	After Hours Security	 	No contract, billed hourly
at $18.95 for normal hours
and $28.425 for Holiday	 		 		 				 	
			
	 *  Current invoice of $7,800 is referenced in Accounts Payable Schedule 2.3(a)(i)and final invoice (not
yet received) is accrued for in Misc. Accrued Liabilties in Net Working Capital Estimate.
	 				 	
									
		 		 		 		 		 		 		 	  
	  
	 	 	
		 		 		 		 		 		 		 	$	80,716.13	  	 	
		 		 		 		 		 		 		 	  
	  
	 	 	

  

			
	Proprietary and Confidential	 	December 29, 2011

 Exhibit D-2 – Bill of Sale 

THIS BILL OF SALE (the “Bill of Sale”) is made as of the 30th day of December, 2011 (the “Effective
Date”), by MERCURY MARQUIS HOLDINGS, LLC, a Nevada limited liability company (“Company”), and ZAYO COLOCATION, INC., a Delaware corporation (“Buyer”). 

Concurrently with the execution and delivery hereof, pursuant to a certain Asset Purchase Agreement dated December 30, 2011 (the
“Agreement”) between Company and Buyer, Company is conveying to Buyer all of Company’s right, title and interest in and to all assets of the Company except as excluded in the Agreement (the “Assigned Assets”).
The terms and provisions of the Agreement are incorporated herein by this reference. Company and Buyer hereby reaffirm the representations, warranties and covenants contained in the Agreement. Nothing in this Bill of Sale shall alter any liability
or obligation of the Company arising under the Agreement, which shall govern the representations, warranties and obligations of the parties with respect to the Assigned Assets. Any capitalized terms not defined herein shall have the definition set
forth in the Agreement. The Assigned Assets are conveyed by the Agreement, this Bill of Sale and a separate Assignment and Assumption Agreement. 
 BILL OF SALE 
 Company does hereby sell, assign, transfer, set over and
deliver unto Buyer, its successors and assigns, with warranty of title and subject to the limitations contained in the Agreement, right, title and interest in and to the following Assigned Assets: 

a. all equipment, materials, prototypes, tools, supplies, furniture, improvements, computer hardware and other tangible assets owned by
the Company in connection with the operation of the Business including but not limited to the assets described on Exhibit A attached hereto; 
 b. Intellectual Property Rights and related goodwill owned, used or held for use by the Company in connection with the operation of the Business (“Assigned Intellectual Property Rights”)
as described on Exhibit B attached hereto; 
 c. all rights, claims (including claims for past infringement or
misappropriation of Intellectual Property Rights) and causes of action of the Company relating to the Business against other Persons (regardless of whether or not such claims and causes of action have been asserted by the Company), and all rights of
indemnity, warranty rights, rights of contribution, rights to refunds, rights of reimbursement and other rights of recovery possessed by the Company and related to the Business (regardless of whether such rights are currently exercisable);

 d. all Assigned Receivables; 
 e. all Business Records; 
 f. to the extent not covered above, any assets included
in the calculation of Working Capital Assets; 

 g. all unpaid amounts on invoices dated January 1, 2012, as of the Closing Date, which
were issued on December 15, 2011 as set forth on Schedule 2.1(a)(x), net of amounts that relate to services rendered prior to the Closing as further described in Section 2.2(a)(ix); 

h. any prepaid expenses and any deposits, prepayments, guaranties, letters of credit and other security deposits held by the Company or
by a third party on behalf of the Company in connection with the operation of the Business, including but not limited to, those shown on Schedule 2.1(a)(viii); and 
 i. all other tangible and intangible assets owned, used or held for use by Company that are related to the Business that the Buyer reasonably determines are necessary, appropriate or desirable in the
operation of the Business after the Closing Date; including, without limitation, software licenses resident on or for laptops, desktops, servers, and other hardware and all customer application software (and related source code). 

TO HAVE AND TO HOLD such Assigned Assets unto Buyer, its successors and assigns, forever. 

COUNTERPART COPIES 
 This Bill of Sale may be executed in two (2) or more counterpart copies, all of which counterparts shall have the same force and effect as if all parties hereto had executed a single copy of this
Bill of Sale. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

[SIGNATURE PAGE FOLLOWING] 

 IN WITNESS WHEREOF, the parties have caused this Bill of Sale to be executed as of the
Effective Date. 
  

			
	 BUYER:

	
	 ZAYO COLOCATION, INC.,

a Delaware corporation

		
	 By:
	 	 /s/ Scott Beer

	 Name:
	 	Scott Beer
	 Title:
	 	General Counsel & Secretary
	
	 COMPANY:

	
	 MERCURY MARQUIS HOLDINGS, LLC,

a Nevada limited liability company

		
	 By:
	 	 /s/ Gary Patten

	 Name:
	 	Gary Patten
	 Title:
	 	President

 EXHIBIT A 

Assest List 
  

											
	 Equipment
	  	Quantityy	  	Manufacturer	  	Model	 	  	FA Category
	 FRONT LODBY
	  		  		  				  	
	 Badge Camera
	  	1	  	Logitech	  	 	861116-0030	  	  	Computer Equipment
	 Card Printer
	  	1	  	Fargo	  	 	44000	  	  	Computer Equipment
	 Card Scanner
	  	1	  	IRIS	  	 	HCRSPlBCR201	  	  	Computer Equipment
	 Front Lobby Computer
	  	1	  	Dell	  	 	Dimension 9200	  	  	Computer Equipment
	 Sign in Computer
	  	1	  	Shuttle	  	 	XPC	  	  	Computer Equipment
					
	 KITCHEN
	  		  		  				  	
	 Compact Refrigerator
	  	1	  	Danby	  	 	N/A	  	  	Furniture-Fixtures
	 Microwave
	  	1	  	GE	  	 	P/N:3850W1D061G	  	  	Furniture-Fixtures
	 Refrigerator
	  	1	  	Frigidaire	  	 	FRT186AWD	  	  	Furniture-Fixtures
					
	 CUSTOMER CUBICLES
	  		  		  				  	
	 Customer cubicle unit
	  	12	  	Steelcase	  	 	PWR6024XX	  	  	Furniture-Fixtures
	 Switch
	  	1	  	Dell	  	 	PowerConnect 2616	  	  	Computer Equipment
					
	 CONFERENCE ROOM
	  		  		  				  	
	 Adjustable purple chairs
	  	16	  	Herman Miller	  	 	RE30A-HWBK4R06	  	  	Furniture-Fixtures
	 Non-adjustable purple chairs
	  	5	  	Herman Miller	  	 	AD1OUB-MAHGBK4R06	  	  	Fumiture-Fixtures
	 Non-adjustable tan chairs
	  	4	  	Herman Miller	  	 	ADIOUB-MAHGBK4X04	  	  	Furniture-Fixtures
	 Television 32”
	  	1	  	Sony	  	 	KV-32825	  	  	Furniture-Fixtures
					
	 ADMIM OFFICE
	  		  		  				  	
	 Admin Computer (Bob)
	  	1	  	Custom	  	 	Custom	  	  	Computer Equipment
	 Admin Computer (Michelle)
	  	1	  	Custom	  	 	Custom	  	  	Computer Equipment
	 Admin Fax/Copir/Scanner
	  	1	  	HP	  	 	Officejet 7210	  	  	Computer Equipment
	 Color Laser Priter
	  	1	  	Xerox	  	 	Phaser 6120	  	  	Computer Equipment
	 Color Printer
	  	1	  	HP	  	 	Officejet Pro K850	  	  	Computer Equipment
	 Monitor
	  	2	  	Dell	  	 	2407WFP	  	  	Computer Equipment
	 Monitor
	  	1	  	Dell	  	 	2405WFP	  	  	Computer Equipment
	 Monitor
	  	1	  	Dell	  	 	3007WFP	  	  	Computer Equipment
	 Paper Shredder
	  	1	  	Fellwes	  	 	PS-79Ci	  	  	Fumiture-Fixtures
	 WcightScale
	  	1	  	Pelouze	  	 	4040	  	  	Furniture-Fixtures
					
	 NOC
	  		  		  				  	
	 2-post racks
	  	~90	  		  				  	Disaster Recovery Center
	 4-post racks
	  	~50	  		  				  	Disaster Recovery Center
	 Black cabinet shelf
	  	1	  	HON	  	 	N/A	  	  	Furniture-Fixtures
	 Black Octobox desk
	  	1	  	N/A	  	 	N/L	  	  	Furniture-Fixures
	 Blade Servers
	  	6	  	Dell	  	 	PowerEdge 1955	  	  	Disaster Recovery Center
	 Chicago Eleclric Drill 1/2”
	  	1	  	Chicago	  	 	7462	  	  	Disaster Recovery Center
	 Cisco 6509
	  	2	  	Cisco	  	 	LV Switches	  	  	Computer Equipment
	 Cisco 7609
	  	3	  	Cisco	  	 	LV/ LA Routers	  	  	Computer Equipment
	 Cisco 3750
	  	2	  	Cisco	  	 	LV/ LA Switches	  	  	Computer Equipment
	 Cisco 2600
	  	1	  	Cisco	  	 	LV Terminal Server	  	  	Computer Equipment
	 Custom servers
	  	4	  	Custom	  	 	Custom	  	  	Disaster Recovery Center
	 DataTrax
	  	1	  	Eallon	  	 	Forseer II	  	  	Disaster Recovery Center
	 DataTrax Switch
	  	2	  	Maxa	  	 	Nport 6650-32	  	  	Disaster Recovery Center
	 Dewalt Hand Grinder
	  	1	  	DcWalt	  	 	DW402	  	  	Disaster Recovery Center
	 Extech Instruments Insulation Meter (megger)
	  	1	  	Extech	  	 	380360	  	  	Disaster Recovery Center
	 Fire Alarm System
	  	1	  		  				  	Facility Improvements
	 Fluke 36 Clamp Meter
	  	1	  	Fluke	  	 	36	  	  	Disaster Recovey Center
	 Fluke Cable tester
	  	1	  	Fluke	  	 	DSP-4100	  	  	Disaster Recovery Center
	 Fluke Cable tester (Smart Remote)
	  	1	  	Fluke	  	 	DSP-4100SR	  	  	Disaster Recovery Center
	 Hydraulic Crimper
	  	1	  	N/A	  	 	N/A	  	  	Disaster Recovery Center
	 Hydrogen Detector
	  	1	  		  				  	Disaster Recovery Center

 Asset List 

 

											
	 Equipent
	  	Quantity	  	Manufacturer	  	Model	 	  	FA Category
	 Jensen Multimeter
	  	1	  	Jensen	  	 	JTM-103	  	  	Disaster Recovery Center
	 Jensen telecom tool kit
	  	1	  	Jensen	  				  	Disaster Recovery Center
	 Ladder rack
	  	~500 ft	  		  				  	Disaster Recovery Center
	 Leak Detection System
	  	1	  	PermAlert	  	 	AT40K	  	  	Disaster Recovery Center
	 Midtronics Celltron Ultra Universal Battery Analyzer
	  	1	  	Midtronics	  	 	CTU-6000	  	  	Disaster Recovery Center
	 Milwaukee Band Saw
	  	1	  	Milwaukee	  	 	6230	  	  	Disaster Recovery Center
	 Milwaukee Roto hammer drill & bits
	  	1	  	Milwaukee	  	 	5368-1	  	  	Disaster Recovery Center
	 Monitor
	  	2	  	Dell	  	 	2005WFP	  	  	Disaster Recovery Center
	 Monitor
	  	1	  	ViewSonic	  	 	VP191b	  	  	Disaster Recovery Center
	 Monitor
	  	1	  	Viewsonic	  	 	VP2030b	  	  	Disaster Recovery Center
	 Monitor 24”
	  	4	  	Sceptre	  				  	Disaster Recovery Center
	 NOC Command console
	  	1	  	Wrightline	  	 	N/A	  	  	Computer Equipment
	 NOC Computer (Brandon)
	  	1	  	Custom	  	 	Custom	  	  	Computer Equipment
	 NOC Computer (Chris)
	  	1	  	Custom	  	 	Custom	  	  	Computer Equipment
	 NOC Computer (Drew)
	  	1	  	Custom	  	 	Custom	  	  	Computer Equipment
	 NOC Computer (Lester)
	  	1	  	Custom	  	 	Custom	  	  	Computer Equipment
	 NOC Fax
	  	1	  	Brother	  	 	Intellifax 2820	  	  	Computer Equipment
	 Off-white cabinet
	  	2	  	HON	  	 	N/A	  	  	Furniture-Fixtures
	 Pizzabox servers
	  	6	  	Custom	  	 	Custom	  	  	Computer Equipment
	 POE Switch
	  	1	  	Netgar	  	 	GS748TP	  	  	Telephone Equipment
	 Power Drill 3/8”
	  	1	  	Makita	  	 	6217D	  	  	Disaster Recovery Center
	 ProWatch Computer
	  	1	  	Dell	  	 	Precision 370	  	  	Disaster Recovery Center
	 Ryobi Battery Power Drill 3/8”
	  	1	  	Ryobi	  	 	SA14402	  	  	Disaster Recovery Center
					
	 Security System
	  	1	  	Northern/ProWatch	  	 	2000/ProWatch Professional	  	  	Facilitiy Improvements
	 Shoretel
	  	1	  	Shoretel	  	 	SG-90	  	  	Telephone Equipment
	 Shoretel
	  	1	  	Shoretel	  	 	SG-TI	  	  	Telephone Equipment
	 Shoretel
	  	1	  	Shoretel	  	 	SG-12	  	  	Telephone Equipment
	 Spam Firewall
	  	1	  	Barracuda	  	 	Spam Firewall 300	  	  	Computer Equipment
	 Switch
	  	1	  	Dell	  	 	PowerConnect 2624	  	  	ComputerEquipment
	 Switch
	  	2	  	Dell	  	 	PowerConnect 2216	  	  	Computer Equipment
	 Tan cabinet
	  	4	  	HON	  	 	N/A	  	  	Furniture-Fixtures
	 Tool Chest w/ Misc Tools
	  	1	  	Many	  	 	Many	  	  	Disaster Recovery Center
	 TTC 2000C
	  	1	  	TTC	  				  	Disaster Recovery Center
	 TTC310-1 DS1/DS0 ANALYZER
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Reeovery Center
	 TTC 310-10 0.821 RESULTS
	  	1	  	TIC	  	 	add on module	  	  	Disaster Recovery Center
	 TTC 310-12-SC1 300 TRASMT/RECEIV
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Rccovery Center
	 TTC 310-14R-SC1300 STS1, OC1/3, RCV
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Recovery Center
	 TTC 310-14T-SC1300 STS1, OC1/3, TXM
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Recovery Center
	 TTC 310-3 DS1 INSERT/2ND DS3
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Recovery Center
	 TTC 310-5 DS3 JITTER
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Recovery Center
	 TTC 310-9B ENHAN DS1 TEST
	  	1	  	TTC	  	 	add on modules	  	  	Disaster Recovery Center
	 TTC T-BERD 2310 DSO-DS-3 test set
	  	1	  	TTC	  	 	2310	  	  	Disaster Recovery Center
	 TTC T-BERD 310 DSO-OC-12 test set
	  	1	  	TTC	  				  	Disaster Recovery Center
	 VESDA
	  	1	  	Dell	  	 	Optiplex GX 1 00	  	  	Disaster Recovery Center
	 VESDA
	  	6	  	VESDA	  				  	Disaster Recovery Center
					
	 COLO FLOOR
	  		  		  				  	
	 19” cabs
	  	66	  	Wrightline	  				  	Co-Location Assets
	 23” cabs
	  	29	  	Wrightline	  				  	Co -Location Assets
	 2-post racks
	  	~90	  		  				  	Co -Location Assets
	 4-post racks
	  	~50	  		  				  	Co-Location Assets
	 Cage material
	  	~2030 ft	  		  				  	Co-Location Assets
	 CCTV
	  	31	  	Arecont	  	 	1.3 mp cameras	  	  	Co-Location Assets
	 CRAC Units
	  	8	  	DataAire	  	 	DCU2234	  	  	Cn-Location Assets
	 CRAC Units
	  	3	  	DataAire	  	 	DCU0734	  	  	Co-Location Assets
	 CRAC Units
	  	2	  	DataAire	  	 	DACU5034	  	  	Co-Location Assets

 Asset List 

 

													
	 Equipment
	  	Quantity	  	Manufacturer	  	Model	 	  	FA Category	  	 
	CRAC Units	  	8	  	DataAire	  	 	DCU2634	  	  	Co-Location Assets	  	
	Dayton Dolly	  	1	  	Dayton	  	 	3W154B	  	  	Co-Location Assets	  	
	Dayton Palet Jack	  	1	  	Dayton	  	 	4YX96	  	  	Co-Location Assets	  	
	Hand Truck	  	1	  		  				  	Co-Location Assets	  	
	Ladder rack	  	~500 ft	  		  				  	Co-Location Assets	  	
	Lift Rite Palet Jack	  	1	  	Lift Rite	  	 	LR0655-A48	  	  	Co-Location Assets	  	
	PDU R with 4-42 pnl boards	  	1	  	PDI	  	 	PP13-4-225G-641	  	  	Co-Location Assets	  	
	PDU S & T	  	2	  	PowerWate	  	 	X2254263C	  	  	Co-Location Assets	  	
	PDU V with 4-42 pnl boards	  	1	  	PDI	  	 	PH13-4-1250-641	  	  	Co-Location Assets	  	
	PDU W & Z w/ 2-42 pnl boards	  	2	  	PDI	  	 	PDU 120-3-2250-21741-3	  	  	Co-Location Assets	  	
	PDU X & Y	  	2	  	PDI	  	 	PP13-4-225G-641	  	  	Co-Location Assets	  	
	Pre-Action Fire Suppression	  	1	  		  				  	Co-Location Assets	  	
	RPP A, B, C, D, E, F, M/N	  	7	  	PowerWare	  	 	RPP01-1-441-D2	  	  	Co-Location Assets	  	
	RPP G/H, J/K	  	2	  	PDI	  	 	PDU-410-1-0-11441-1	  	  	Co-Location Assets	  	
	RPP P1-4 ,Q1-4.	  	2	  	PowerWare	  	 	R44S22013240102	  	  	Co-Location Assets	  	
	Werner Extendable Ladder 7ft To 20ft.	  	1	  	Werner	  	 	D6220-2	  	  	Co-Location Assets	  	
	Werner Roller Ladder 7ft.	  	2	  	Werner	  	 	PT7406-4C	  	  	Co-Location Assets	  	
		  		  		  				  	Co-Location Assets	  	
	POWER ROOM	  		  		  				  	Co-Location Assets	  	
	CRAC Units	  	1	  	DataAire	  	 	DACD3034	  	  	Co-Location Assets	  	
	DC Plant w/BDFB	  	2	  	Invensys	  	 	IPS-4600-A008	  	  	Co-Location Assets	  	
	SBM	  	1	  	PowerWare	  	 	14162302111	  	  	Co-Location Assets	  	
	Switchgcar	  	2	  	IEM	  				  	Co-Location Assets	  	
	UPS	  	5	  	PowerWare	  	 	9315-500	  	  	Co-Location Assets	  	
	UPS Battery cabinets	  	20	  	PowerWare	  	 	1085	  	  	Co-Location Assets	  	
	UPS Combiner Cabinet	  	1	  	PowerWare	  				  	Co-Location Assets	  	
	UPS distribution	  	1	  	IEM	  				  	Co-Location Assets	  	
	UPS mtc bypass cab	  	1	  	PowerWare	  				  	Co-Location Assets	  	
	Werner 6ft. Double sided Ladder	  	1	  	Werner	  	 	N/A	  	  	Co-Location Assets	  	
	Werner 6ft. Ladder	  	4	  	Werner	  	 	N/A	  	  	Co-Location Assets	  	
	Werner 7ft. Ladder	  	1	  	Werner	  	 	N/A	  	  	Co-Location Assets	  	
	Werner 8ft. Double sided Ladder	  	1	  	Werner	  	 	N/A	  	  	Co-Location Assets	  	
		  		  		  				  		  	
	BATTERY ROOM	  		  		  				  		  	
	CE Lift Table	  	1	  	Central Machinery	  	 	BS50D	  	  	Co-Location Assets	  	
	DC Plant batteries	  	48	  	Deka	  	 	AVR95-33	  	  	Co-Location Assets	  	
	UPS batteries	  	400	  	East Penn	  	 	31HR5000	  	  	Co-Location Assets	  	
	UPS Battery cabinets	  	20	  	PowerWare	  	 	1085	  	  	Co-Location Assets	  	
		  		  		  				  		  	
	WORK ROOM	  		  		  				  		  	
	Air Compressor	  	1	  	Kobalt	  	 	232177	  	  	Co-Location Assets	  	
	Bench Grinder	  	1	  	Central Machinery	  	 	37822	  	  	Co-Location Assets	  	
	Central Machinery Drill Press & vise & drill index	  	1	  	Central Machinery	  	 	43389	  	  	Co-Location Assets	  	
	Dayton Material Cart	  	1	  	Dayton	  	 	4ZJ27	  	  	Co-Location Assets	  	
	Halogen Flood Lamps	  	1	  	Commercial
Electric	  	 	N/A	  	  	Co-Location Assets	  	
	Ridgid Wet DryVac	  	1	  	Rigid	  	 	E43484	  	  	Co-Location Assets	  	
	Westward Vice	  	1	  	Westward	  	 	4YT10	  	  	Co-Location Assets	  	
		  		  		  				  		  	
	CHILLER YARD	  		  		  				  		  	
	Chiller Pumps	  	3	  	Baldor	  				  	Co-Location Assets	  	
	Chillers	  	3	  	Trane	  	 	RTAA 240	  	  	Co-Location Assets	  	
	Generator	  	1	  	Caterpillar	  	 	3516B	  	  	Co-Location Assets	  	
		  		  		  				  		  	

 Asset List 

 

											
	 Equipment
	  	Quantity	  	Manufacturer	  	Model	  	FA Category	  	 
	Switchgear for load bank etc	  	1	  	IEM	  		  	Co-
Location Assets	  	
						
	 ROOF
	  		  		  		  		  	
	Air Handlers	  	3	  	Trane	  	TSCA008	  	Facility Improvements	  	
	Heat Pumps	  	3	  	Unknown	  		  	Facility
Improvements	  	
						
	 SOFTWARE
	  		  		  		  		  	
	Exacq NVR - Security system sw	  	1	  	CCTV.net	  		  	Software
Equipment	  	
	Class D Custom Web View Editor	  	1	  	Eaton	  		  	Software
Equipment	  	

 EXHIBIT B 

Assigned Intellectual Property Rights 
 Software licenses resident on or for laptops, desktops, servers, and other hardware and all customer application software (and related source code). 

 Exhibit E – Assignment and Assumption of Lease 

MERCURY MARQUIS HOLDINGS LLC — ZAYO COLOCATION, INC. 
 ASSIGNMENT OF LEASE 
 THIS ASSIGNMENT OF LEASE, (the
“Assignment”), dated as of this     day of December, 2011, is made by and between Mercury Marquis Holdings LLC, a Nevada limited liability company, having an address at 289 Manzanita Ranch Lane, Henderson, Nevada 89119
(“Assignor”); and Zayo Colocation, Inc., a Delaware corporation, having an address at 400 Centennial Parkway, Suite 200, Louisville, CO 80027 (“Assignee”) (collectively, Mercury Marquis Holdings and Zayo Colocation are referred
to as the “Parties.”) 
 WHEREAS, Assignor is the tenant under that certain Lease Agreement dated January 12,
2009 (“Lease”) with McCarran Center, LC (“Landlord”) for the premises, Approximately 28,560 square feet in the building known as Building 19 located at 7185 Pollock Drive, Las Vegas, NV; 

WHEREAS, the Lease provides, among other things, that the Lease shall not be assigned without the Landlord’s consent in writing;

 NOW, THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows: 
  

	 	1.	Assignor assigns and transfers to Assignee all its right, title, and interest in and to the Lease and premises upon the execution of this agreement, subject to all of
the terms and conditions contained in the lease; and Assignee accepts the assignment and assumes and agrees to perform as a direct obligation to Landlord, all the provisions of the Lease, until the present term of the lease expires, or until the
expiration of any option term(s) exercised by Assignee, whichever occurs later. From the date of full execution herein below, Assignor shall have no further obligations or liability under the Lease. 

 

	 	2.	Assignor covenants, warrants and represents that: (a) the Lease is in full force and effect; (b) Assignor has performed all of its obligations up to the
effective date of this Assignment; (c) Assignor has full right and power to execute this Assignment; and (d) the Lease has not been modified, supplemented or amended. 

 

	 	3.	Assignor hereby surrenders and assigns to Assignee, and Assignee hereby accepts the surrender and assignment from Assignor of, all of Assignor’s right, title and
interest in, to and under the Lease, a copy of which is attached as Exhibit A and incorporated herein by reference. 

  

	 	4.	Assignee hereby assumes and agrees to be bound by and pay and perform all of the obligations, terms, covenants and conditions which, pursuant to the Lease, are to be
observed, kept and/or performed by the Assignor, effective as of the date of this agreement. 

	 	5.	Assignor shall have no further obligations under the lease, and shall not be liable for any future performance of all terms, covenants and conditions of the Lease to be
performed by Assignee and by Assignee’s successors and assigns thereunder. 

  

	 	6.	Landlord consents to the aforesaid Assignment of the Lease by Assignor to Assignee pursuant to Consent to Assignment attached hereto as Exhibit B and
incorporated by reference herein. 

  

	 	7.	Nothing in this Assignment shall be deemed to authorize any assignment or other transfer in whole or in part of the interest of Assignee in violation of any provisions
of the Lease. 

  

	 	8.	This Assignment shall be binding upon and shall inure to the benefit of the parties hereto and their successors and permitted assigns. 

 IN WITNESS WHEREOF, the parties have executed this Assignment and Assumption of Lease as of
the date first written. 
  

									
	 ASSIGNOR:
	 		 		 	
				
	 Mercury Marquis Holdings LLC
	 		 		 	
					
	 By:
	 	       /s/ Gary
Patten
	 	        Date:	 	 12/31/2011
	 	
					
	 Its:
	 		 		 		 	
				
	 ASSIGNEE:
	 		 		 	
				
	 Zayo Colocation, Inc.
	 		 		 	
					
	 By:
	 	       /s/ Scott
Beer
	 	        Date:	 	 12/31/2011
	 	
					
	 Its:
	 		 		 		 	

 EXHIBIT A 

DESCRIPTION OF LEASE AND ASSIGNED ITEMS 
 Lease Agreement dated January 12, 2009 by and between McCarran Center, L.C., a Nevada limited liability company (“Landlord”), and MarquisNet, LLC, a Nevada limited liability company
(“Tenant”), for 28,560 square feet of Building 19 located at 7185 Pollock Drive, Las Vegas, Nevada 89119 (the “Lease”). 

 EXHIBIT B 

CONSENT TO ASSIGNMENT2012 Management Incentive Plan

 EXHIBIT 10.3 
 INTERNATIONAL PAPER COMPANY 
 MANAGEMENT INCENTIVE PLAN (MIP)

 Amended and Restated as of January 1, 2012 

 

	I.	Purposes of the Plan and Plan Description 

 The purposes of this Plan are to: (a) provide an incentive to reward Participants for results in improving the financial performance of the Company; (b) attract and retain the best talent
available; and (c) further align the interests of the Participants and the Company’s shareowners. 

The Plan is an annual cash incentive plan developed around the achievement of pre-established Performance Objectives and
funded based on the Company’s achievement level against those Performance Objectives. 
  

	II.	Definitions 

  

	 	•	 	 Award Scale 

 “Award Scale” means the conversion of the Performance Objective Rating to a percent of Target Award earned. 
  

	 	•	 	 Cash Flow from Operations 

 “Cash Flow from Operations” includes cash flow from discontinued and continuing operations as well as cash flow from special items, and is shown in the Company’s Statement of Cash Flow as
“Cash Provided by (Used for) Operations.” Cash flow as a result of pension contributions, alternative fuel mixture tax credits or other unanticipated, highly unusual items may, at the Committee’s discretion, be excluded in the
calculation of “Cash Flow from Operations” for purposes of determining achievement of this cash flow metric. 
  

	 	•	 	 Cause 

 “Cause” includes but is not limited to misconduct or other activity detrimental to the business interest or reputation of the Company or continued unsatisfactory job performance without making
reasonable efforts to improve. Examples include insubordination, protracted or repeated absence from work without permission, illegal activity, disorderly conduct, etc. 
  

	 	•	 	 CEO Special Award Pool 

 “CEO Special Award Pool” means the amount payable for CEO Special Awards as determined in Section III. 
  

	 	•	 	 Committee 

 “Committee” means the Management Development and Compensation Committee of the Company’s Board of Directors. 
  

	 	•	 	 Company 

 “Company” means International Paper Company, a New York corporation, together with its Subsidiaries. 

  
 1 

	 	•	 	 Employee 

 “Employee” means a regular, active, full-time salaried employee employed on a non-temporary basis. 
  

	 	•	 	 Misconduct 

 “Misconduct” includes but is not limited to an act detrimental to the business interest or reputation of the Company or any act determined to be a deliberate disregard of the Company’s
rules, or violation of the Employee’s Non-Competition or Non-Solicitation Agreement. 
  

	 	•	 	 Participant 

 “Participant” means a person who has been designated as a participant in the Plan, according to Section V. 
  

	 	•	 	 Performance Objective Rating 

 “Performance Objective Rating” means the percentage amount assigned to a Performance Objective for a level of performance achievement. 

 

	 	•	 	 Performance Objectives 

 “Performance Objectives” mean the measures identified by the Company and approved by the Committee identified in Section VI. 

 

	 	•	 	 Plan or MIP 

 “Plan” or “MIP” means this Management Incentive Plan, amended and restated as of January 1, 2012. 

 

	 	•	 	 Plan Year 

 “Plan Year” means the twelve month period corresponding to the Company’s fiscal year (January 1 through December 31). 

 

	 	•	 	 Return on Investment or ROI 

 “Return on Investment” or “ROI” means after-tax operating earnings, including both earnings from continuing and discontinued operations (up through the date of sale), and before the
impact of special items divided by average capital employed. Capital employed is total assets, less short-term, non-interest-bearing liabilities. The Company’s ROI metric excludes the impact of special items, such as gains or losses associated
with asset sales, restructuring costs, changes in pension funding, significant out-of-period or “one-off” items. 
  

	 	•	 	 Subsidiary 

 “Subsidiary” means any company that is owned (50% or more) or controlled by the Company, directly or indirectly. 
  

	 	•	 	 Target Award 

 “Target Award” means an amount equal to the percentage of salary range midpoint applicable to the actual position level of each Participant, shown in Appendix A. 

 

	 	•	 	 Total MIP Award Pool 

 “Total MIP Award Pool” means an amount generated by the sum of eligible Participants’ Target Awards multiplied by the Company’s percentage achievement of its Performance Objectives.

  
 2 

	III.	CEO Special Award Pool 

 The CEO may designate a portion of the Total MIP Award Pool to fund CEO Special Awards for extraordinary individual performance to award to Employees, regardless of whether such Employees are otherwise
eligible to participate in the Plan. The CEO Special Award Pool, if any, has historically been in the range of 1.5% to 3.0% of the Total MIP Award Pool. The CEO Special Awards are funded out of the Total MIP Award Pool. 

 

	IV.	Administration of the Plan 

 The Plan operates at the discretion of the Committee. The Committee may exercise considerable discretion and judgment in interpreting the Plan, and adopting, from time to time, rules and regulations that
govern the administration of the Plan. 
 The Committee has delegated authority to the CEO or his designee for
the day-to-day administration of the Plan, except with respect to the CEO’s award or any award to a Senior Vice President of the Company or above. 
 Decisions of the Committee are final, conclusive and binding on all parties, including the Company, its shareowners, and employees. 

 

	V.	Participation in the Plan 

 Participation in the Plan is generally limited to individuals who meet the definition of Employee set forth in Section II whose position level is 14 or higher. Except as set forth in
Section VII, a Participant must be an Employee as of September 30 of the Plan Year and on the date of the award payout in order to be eligible to receive a payout. 

Employees who are eligible for participation in any other short-term, cash-based incentive compensation plan of the
Company are not eligible for participation in this Plan. 
 An Employee who becomes eligible to participate in
the Plan during the Plan Year or who moves from one eligible position level to another will be eligible for a prorated award. An Employee who moves from an eligible position to a non-eligible position during the Plan Year will be eligible for a
prorated award based on the number of months the employee was eligible during the Plan Year. 
 Participation in
this Plan, or receipt of an award under this Plan, does not give a Participant or Employee any right to a subsequent award, or any right to continued employment by the Company for any period. 

  
 3 

	VI.	Award Pool and Award Scale  

 A. Performance Objectives – Funding the Total MIP Award Pool 
 The Company must achieve at least a minimum level of performance in order to fund the Total MIP Award Pool. 
 The Total MIP Award Pool will be determined based on achievement of the Performance Objectives listed below during the Plan Year. 

The maximum level of performance achievement that may be applied to calculate the Total MIP Award Pool for the Plan Year
is 200%. 
  

	 	•	 	 50% Weight: Cash Flow from Operations * 

 

			
	 Performance
	 	 Award %

	 Greater than $3,200 MM and
 up to $3,800 MM
	 	 + .1667% for each $1MM
 improvement greater than
 $3,200 MM up to $3,800
MM

		
	$3,200 MM	 	100%
		
	 From $2,400 MM to
 less than $3,200 MM
	 	 -.0625% for each $1MM
 drop below
 $3,200 MM down to $2,400 MM

  

	*	 The financial results of Temple-Inland’s Building Products business (which the Company is holding for sale) will be excluded from the Cash
Flow from Operations calculation. In addition, the cash impact of one-time costs associated with the Temple-Inland acquisition (e.g., fees, settlements, costs to achieve synergies, etc.) will be excluded from this metric.

  

	 	•	 	 50% Weight: Absolute Return on Investment * 

 

			
	 Performance
	 	 Award %

	Greater than 6.5% and up to 8.5%	 	 + 5.0% for each 0.1%
 improvement greater than
 6.5% up to 8.5%

		
	6.5%	 	100%
		
	From 4.9% to less than 6.5%	 	 -3.13% for each 0.1%
 drop below
 6.5% down to 4.9%

  

	*	 The financial results of Temple-Inland’s Building Products business (which the Company is holding for sale) will be excluded from the ROI
calculation. 

  
 4 

	 	•	 	 Performance Objective Rating 

The Company’s achievement of each Performance Objective will be evaluated by the Company as of the end of the Plan
Year, and reviewed and verified by the Company’s external auditors. 
 The Company’s determination of
performance achievement will be presented to the Committee for its review and approval in February following the end of the Plan Year. 
 B. Approval by the Committee of the Total MIP Award Pool 
 The Committee approves the Total MIP Award Pool based on the Company’s performance achievement against the Performance Objectives described above. 

The Committee may determine in its sole discretion to reduce or eliminate the Total MIP Award Pool based upon any
objective or subjective criteria it deems appropriate. 
 The Committee may determine it its sole discretion to
increase the Total MIP Award Pool above the calculated amount by no more than 25% based upon any objective or subjective criteria it deems appropriate. In no event shall the Total MIP Award Pool exceed the Maximum Award Pool of 200%. 

The Company shall make every effort to provide projected performance achievement to the Committee by the December meeting
of the Board of Directors with the intent of understanding the Committee’s desire to exercise discretion with regard to the Total MIP Award Pool. 
 The amount allocated for payment of awards under the Plan and for the CEO Special Award Pool may not exceed the Total MIP Award Pool. 

 

	VII.	 Individual Participant Awards 

A. Individual Award Recommendations 

In February following the end of the Plan Year, the CEO (in consultation with the Senior Vice President, Human Resources
and Communications) will recommend to the Committee the individual MIP awards for Senior Vice Presidents of the Company and above (other than the CEO) and an aggregate award amount for all other Participants. 

The Committee will recommend to the independent members of the Board the amount of the MIP award for the CEO and any other
employee-director, if any. 
 B. Payout of Individual Awards 

Participants each have a Target Award expressed as a percentage of the midpoint of a defined salary range based on
position level as set forth on the attached Appendix A. 
 A Participant’s Calculated Award is
equal to the Participant’s Target Award multiplied by the Company’s actual performance percentage achieved as reduced by the percentage designated for the CEO Special Award Pool. 

A Participant’s Final Award is equal to the Participant’s Calculated Award adjusted by the
Participant’s individual performance achievement as determined by his or her manager against pre-established performance objectives. A Participant’s individual award is capped at 200% of his or her Target Award. 

  
 5 

 A Participant may be eligible to receive a CEO Special Award in addition to
his or her Final Award, which may cause the Participant’s actual award to be paid to exceed 200%, provided, however, that the sum of all Final Awards plus CEO Awards may not exceed the Total MIP Award Pool. 

The following is an example of an award payout calculation for a Participant. 

 

													
	 	  	Weight	 	 	Achieve	 	 	Payout	 
	 Company Performance

(as reduced by CEO Special Award Pool)
	  	 	100	% 	 	 	106.79	% 	 	 	106.79	% 
				
	 PL15 Target
	  				 				 	$	16,600	  
	 Calculated Award
	  				 				 	$	17,700	  
		  				 				 	 	(106.79% X $16,600	)
	 Individual Performance
	  				 				 	 	115	% 
	 Final Award
	  				 				 	$	20,400	  
		  				 				 	 	(115% X $17,700	) 

 C. Impact of Temporary Layoff for Salaried Employees 

The MIP award of a Participant who is involuntarily, temporarily laid off by the Company will be determined as follows:

  

	 	•	 	 Layoff of three months or less followed by return to active employment for Company: The Participant will be eligible for his or her
Calculated Award payable under the terms of the Plan. The Calculated Award will not be reduced for the period of temporary layoff. 

  

	 	•	 	 Layoff of three months or less followed by termination of employment: The Participant will be eligible for his or her Calculated Award
payable under the terms of the Plan. The Participant’s eligibility for an award will be determined under Section VII(E) and (F). The award payable, if any, will not be reduced for the period of temporary layoff.

 D. Cancellation of Award Upon Certain Events Prior to Payout 

An award not yet paid will cancel as of the Participant’s termination of employment date in the following events that
occur prior to actual payment: 
  

	 	•	 	 Voluntary resignation before retirement eligibility 

 

	 	•	 	 Termination for Cause 

  
 6 

	 	•	 	 Violation of a Non-Compete, Non-Solicitation or Confidentiality Agreement, as applicable 

 

	 	•	 	 Failure by any participant in the Company’s Unfunded Supplemental Retirement Plan for Senior Managers (“SERP”) to submit notice of
retirement one year in advance of the effective date of his or her retirement, except in the event of death, Disability or waiver by the Management Development and Compensation Committee 

 

	 	•	 	 Misconduct. The determination of whether a Participant has engaged in Misconduct shall be made by the Senior Vice President, Human Resources and
Communications, or by the Management Development and Compensation Committee for Senior Vice Presidents and above, or by the Board of Directors for a determination with regard to the Chief Executive Officer. 

Note: Awards will be cancelled in the situations listed above even if time and performance have been met but the
award has not yet been paid at the time of termination. Any dispute as to whether any of the events described in this paragraph have occurred will be resolved by the Committee in its sole discretion in accordance with Section IV. 

  
 7 

 E. Proration Upon Certain Events 

An award not yet paid will be prorated based upon the number of months of employment during the Plan Year in which the
Participant worked 15 days or more. Awards paid at target as severance payments during the Plan Year are not paid from the Total MIP Award Pool, but rather are charged accordingly to the appropriate cost center. 

 

							
	 TERMINATION

SCENARIO
	  	 DATE OF
TERMINATION
	  	 AMOUNT

TO BE PAID
	  	 TIME OF PAYMENT

	For All MIP-eligible Employees other than Senior Vice Presidents & CEO
	DURING PLAN YEAR
				
	 •      Death

•      Disability

•      Approved Leave of Absence

•      Severance*
	  	1/1 through 12/31	  	Pro rata Target Award	  	At termination or as soon as practical
				
	 •      Retirement eligible (including early
retirement)
	  	1/1 through 11/30	  	Pro rata Target Award	  	At termination or as soon as practical
	  		  		  	
		  	Month of December	  	Full Calculated Award based on Actual performance	  	At time of normal MIP payout
	
	AFTER PLAN YEAR BUT BEFORE MIP PAYOUT
				
	 •      Death

•      Disability

•      Approved Leave of Absence

•      Severance*

•      Retirement eligible (including early
retirement
	  	1/1 (of year following plan year) through MIP payout date	  	 Full prior year Calculated Award based on Actual performance

 
 AND
  

Pro rata Target Award for year of termination
	  	 Calculated Award is paid at time of normal MIP payout
  

AND
  
 Pro rata Target Award is paid at termination or as soon as practical

	
	For Senior Vice Presidents and CEO
				
	 •      Death

•      Disability
	  	1/1 through 12/31	  	Pro rata Target Award	  	At termination or as soon as practical
				
	 •      Retirement eligible (including early
retirement)
 •      Severance

•      Approved leave of Absence
	  	1/1 through 12/31	  	Pro rata Calculated Award based on Actual performance	  	At time of normal MIP payout

  

	*	 NOTE: A Participant who does not sign a Termination Agreement and Release in connection with a severance payment will forfeit his or her MIP
award, unless retirement eligible. 

  
 8 

	VIII.	 Allocation of MIP Award Pool among Business Units and Corporate Staff Organizations 

Each Business Unit and Corporate Staff Organization is allocated a portion of the Total MIP Award Pool as reduced by the
CEO Special Award Pool based on the Company’s performance achievement of the Performance Objectives, however, such allocations may be further adjusted by the CEO based upon any objective or subjective criteria the CEO deems appropriate.

  

	IX.	 Payment of Awards 

 A. Type of Payment 
 MIP awards are paid in cash
unless deferred by the Participant. Alternatively, the Committee may, in its sole discretion, authorize payment of all or a portion of earned MIP awards to all or certain groups of Participants under the Company’s 2009 Incentive Compensation
Plan in shares of Company stock. 
 B. Time of Payment 

Awards may be paid in up to two installments, as determined by the Committee. Each such installment will be deemed to be a
separate payment for purposes of Section 409A of the Internal Revenue Code and Treas. Reg. §1.409A-2(b)(2)(iii). In the event an award is paid in one installment, it will be made no later than March 15 following the Plan Year. In the
event an award is paid in more than one installment, the first such payment will be made no later than March 15 following the Plan Year and the second such payment will be made no later than December 31 following the Plan Year. In no event
will an award or any portion thereof be paid in the current Plan Year. 
 C. Payment to
Beneficiaries 
 If a Participant dies prior to receipt of an approved award under the Plan, the award
will be paid in accordance with the chart under Section VII(F) in a lump sum to the Participant’s estate as soon as practicable but in no event later than 90 days after the date of death. 

D. Deferral of Payment 

Any Participant who is eligible for and has elected to participate in the Company’s Deferred Compensation Savings
Plan (“DCSP”) may elect to defer payment, not to exceed 85%, of any award under this Plan by filing an irrevocable MIP Deferral Election by the last business day in December of the year prior to the year in which such award would be
earned. Awards or portions elected to be deferred will be credited with investment earnings or losses in accordance with provisions of, and the Participant’s elections under, the DCSP. MIP awards that are deferred will be paid in accordance
with the payment terms of the DCSP. 

  
 9 

	X.	 Recoupment or Forfeiture of Awards 

If the Company reasonably believes that a Participant has committed an act of Misconduct either during employment or
within 90 days after such employment terminates, the Company may terminate the Participant’s participation in the Plan or seek recoupment of an Award paid under this Plan. Recoupment may be effectuated by a notice of recapture (“Recapture
Notice”) sent to such Participant within the 90-day period following the termination of employment. The Participant will be required to deliver to the Company an amount in cash equal to the gross cash payment of the Award to which such
Recapture Notice relates within 30 days after receiving such Recapture Notice from the Company. 
 The Company
has sole and absolute discretion to take action or not to take action pursuant to this Section X upon discovery of Misconduct, and its determination not to take action in any particular instance does not in any way limit its authority to
terminate the participation of a Participant in the Plan and/or send a Recapture Notice in any other instance. 

If any provision of this Section X is determined to be unenforceable or invalid under any applicable law, such
provision will be applied to the maximum extent permitted by applicable law, and shall automatically be deemed amended in a manner consistent with its objectives to the extent necessary to conform to any limitations required under applicable law.

  

	XI.	 Impact of Restatement of Financial Statements Upon Previous Awards. 

If any of the Company’s financial statements are required to be restated, resulting from errors, omissions, or fraud,
the Committee may (in its sole discretion, but acting in good faith) direct that the Company recover all or a portion of any such Award made to any, all or any class of Participants with respect to any fiscal year of the Company the financial
results of which are negatively affected by such restatement. The amount to be recovered from any Participant shall be the amount by which the affected Award(s) exceeded the amount that would have been payable to such Participant had the financial
statements been initially filed as restated, or any greater or lesser amount (including, but not limited to, the entire award) that the Committee shall determine. The Committee may determine to recover different amounts from different Participants
or different classes of Participants on such bases as it shall deem appropriate. In no event shall the amount to be recovered by the Company be less than the amount required to be repaid or recovered as a matter of law. The Committee shall determine
whether the Company shall effect any such recovery (i) by seeking repayment from the Participant, (ii) by reducing (subject to applicable law and the terms and conditions of the applicable plan, program or arrangement) the amount that
would otherwise be payable to the Participant under any compensatory plan, program or arrangement maintained by the Company or any of its affiliates, (iii) by withholding payment of future increases in compensation (including the payment of any
discretionary bonus amount) or grants of compensatory awards that would otherwise have been made in accordance with the Company’s otherwise applicable compensation practices, or (iv) by any combination of the foregoing. 

  
 10 

	XII.	 Modification, Suspension or Termination of Plan 

The Committee may at any time suspend, terminate, modify or amend any or all of the provisions of this Plan. 

 

	XIII.	 Governing Law 

 The Plan is governed by the laws of the State of New York. 
  

	XIV.	 Tax Withholding 

 The Company has the right to make such provisions as it deems necessary or appropriate to satisfy any obligations it may have under law to withhold federal, state or local income or other taxes incurred
by reason of payments pursuant to the Plan. 
  

	XV.	 IP Political Action Committee (“PAC”) Contributions 

A Participant who makes a valid election in accordance with the Company’s procedures may deduct a specified amount or
percentage from his or her MIP award for the purpose of contributing to the IP-PAC. The amount of the contribution may not exceed the federal limit for individual contributions to a political action committee. In no event shall a Participant’s
election to contribute or not contribute to the IP-PAC have any impact on a Participant’s eligibility for, or amount of, his or her MIP award. 
  

	XVI.	 Section 409A 

 The Plan is intended to comply with the applicable requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and will be limited, construed and interpreted
in accordance with such intent. 
  

	XVII.	 Non-Transferability of Award 

No award under this Plan, and no rights or interests therein, will be assignable or transferable by a Participant (or
legal representative). 
  

	XVIII.	 Effective Date 

 This Plan is effective as of January 1, 2012 and continues until terminated, suspended, modified, or amended by the Committee. 

  
 11 

 Appendix A 

Management Incentive Plan (MIP) 
 2012 Target Awards 
  

					
	 Position Level
	 	 Target Award

(% of Midpoint)
	 	 Target Award

(Value)

	 43
	 	145%	 	$2,037,100
	 42
	 	90%	 	$994,500
	 41
	 	85%	 	$853,900
	 40
	 	85%	 	$776,200
	 39
	 	80%	 	$664,200
	 38
	 	80%	 	$603,800
	 37
	 	75%	 	$514,500
	 36
	 	75%	 	$471,600
	 35
	 	70%	 	$402,400
	 34
	 	70%	 	$368,000
	 33
	 	65%	 	$312,700
	 32
	 	65%	 	$286,100
	 31
	 	60%	 	$241,700
	 30
	 	55%	 	$208,900
	 29
	 	50%	 	$172,000
	 28
	 	50%	 	$159,400
	 27
	 	45%	 	$131,200
	 26
	 	45%	 	$120,000
	 25
	 	40%	 	$97,600
	 24
	 	40%	 	$91,300
	 23
	 	35%	 	$73,000
	 22
	 	30%	 	$57,200
	 21
	 	30%	 	$52,400
	 20
	 	25%	 	$40,000
	 19
	 	25%	 	$37,200
	 18
	 	20%	 	$27,600
	 17
	 	20%	 	$25,800
	 16
	 	20%	 	$23,900
	 15
	 	15%	 	$16,600
	 14
	 	15%	 	$15,400

  
 12

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