CUSIP No. 21925Y103
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Page 2 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
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CLEARLAKE CAPITAL GROUP, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF, WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0
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8
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SHARED VOTING POWER
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5,511,703
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9
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SOLE DISPOSITIVE POWER
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0
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10
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SHARED DISPOSITIVE POWER
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5,511,703
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,511,703
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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8.3%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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CUSIP No. 21925Y103
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Page 3 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
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José Enrique Feliciano
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF, WC
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|||
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0 |
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8
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SHARED VOTING POWER
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5,511,703
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9
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SOLE DISPOSITIVE POWER
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0 |
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10
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SHARED DISPOSITIVE POWER
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5,511,703
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,511,703
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|||
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||||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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||||
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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8.3%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN, HC
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CUSIP No. 21925Y103
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Page 4 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
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Behdad Eghbali
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☒
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||||
3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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AF, WC
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|||
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||||
5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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0 |
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8
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SHARED VOTING POWER
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5,511,703
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9
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SOLE DISPOSITIVE POWER
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0 |
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|||
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||||
10
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SHARED DISPOSITIVE POWER
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5,511,703
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||||
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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5,511,703
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|||
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||||
12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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||||
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||||
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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8.3%
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN, HC
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CUSIP No. 21925Y103
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Page 5 of 8 Pages
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Item 1.
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Security and Issuer
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Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 4.
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Purpose of Transaction
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CUSIP No. 21925Y103
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Page 6 of 8 Pages
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CUSIP No. 21925Y103
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Page 7 of 8 Pages
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Item 7.
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Material to be Filed as Exhibits.
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CUSIP No. 21925Y103
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Page 8 of 8 Pages
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CLEARLAKE CAPITAL GROUP, L.P.
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By:
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/s/ John Cannon
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Name:
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John Cannon
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Title:
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Attorney-in-Fact
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José Enrique Feliciano
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By:
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/s/ John Cannon
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Name:
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John Cannon
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Title:
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Attorney-in-Fact
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Behdad Eghbali
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By:
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/s/ John Cannon
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Name:
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John Cannon
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Title:
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Attorney-in-Fact
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1. |
Contribution of Company Shares. Subject to the terms and
conditions hereof, VCV will contribute, transfer, assign, convey and deliver to Holdings all of its right, title and interest in and to the VCV Company Shares, and VEFV will contribute, transfer, assign, convey and deliver to Holdings all
of its right, title and interest in and to the VEFV Company Shares, free and clear of all encumbrances (other than those imposed by pursuant to the Securities Act (defined below), as amended, and the applicable rules and regulations
thereunder, and any successor to such statute, rules or regulations; or pursuant to any applicable state “blue sky” laws), which Holdings and the Purchasers agree are valued at $57.50 per Company Share, for an aggregate contribution value
of $68,912,542.50, in exchange for an aggregate of 6,891,254 shares of Class A-1 Common Stock (valued at $10.00 per share of Class A-1 Common Stock (the “Per Share Purchase Price”) (6,845,858 of which are to be issued to VCV and
45,396 of which are to be issued to VEFV).
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2. |
Purchase and Sale of the Shares. Subject to the terms and
conditions hereof, Holdings hereby agrees to issue, sell, assign, transfer and convey to (a) VCV, and VCV hereby agrees to purchase and accept from Holdings, at the Closing, 3,088,271 shares of Class A-1 Common Stock for an amount in cash
per share equal to the Per Share Purchase Price and an aggregate price equal to the Aggregate VCV Purchase Price (as defined below) and (b) VEFV, and VEFV hereby agrees to purchase and accept from Holdings, at the Closing, 20,474 shares of
Class A-1 Common Stock for an amount in cash per share equal to the Per Share Purchase Price and an aggregate price equal to the Aggregate VEFV Purchase Price (as defined below), in each case, free and clear of all encumbrances (other than
those imposed by (w) the Amended and Restated Certificate of Incorporation of Holdings, including terms as deemed reasonably necessary and appropriate by Holdings (as may be amended, restated, or amended and restated from time to time in
accordance with its terms); (x) the Bylaws of Holdings, including terms as deemed reasonably necessary and appropriate by the Holdings (as may be amended, restated, or amended and restated from time to time in accordance with its terms),
(y) the Stockholders Agreement (as may be amended, restated, or amended and restated from time to time in accordance with its terms) (items (w), (x), and (y), collectively, the “Governing Documents”); and (z)
pursuant to the Securities Act (defined below), as amended, and the applicable rules and regulations thereunder, and any successor to such statute, rules or regulations; or pursuant to any applicable state “blue sky” laws (collectively with
the Governing Documents, the “Permitted Securities Encumbrances”)). The aggregate number of shares of Class A-1 Common Stock purchased by the Purchasers pursuant to Sections 1 and 2 of this Agreement shall be
referred to in this Agreement as the “Shares.”
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3. |
Aggregate Purchase Price. Upon the terms and subject to the conditions set forth in this Agreement, the aggregate purchase price payable at the Closing (as defined below) by VCV in respect of
the Shares issuable to it pursuant to Section 2 of this Agreement shall be an amount in cash equal to $30,882,715.50 (the “Aggregate VCV Purchase Price”). Upon the terms and subject to the conditions set forth in this
Agreement, the aggregate purchase price payable at the Closing (as defined below) by VEFV in respect of the Shares issuable to it pursuant to Section 2 of this Agreement shall be an amount in cash equal to $204,742 (the “Aggregate
VEFV Purchase Price,” and together with the Aggregate VCV Purchase Price, the “Aggregate Purchase Price”).
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4. |
Principal Purchase Agreement. At Closing, Holdings is
entering into a separate purchase agreement (the “Principal Purchase Agreement” and, together with this Agreement, the “Purchase Agreements”) with Sunset Software Investment Holdings, L.P., a Delaware limited partnership and
affiliate of Clearlake Capital Group, L.P., a Delaware limited partnership (the “Principal Investor”), providing for the purchase at the Closing (as hereinafter defined) by the Principal Investor of Class A-1 Common Stock.
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5. |
Closing. The closing of the contribution, issuance, purchase and sale of the Shares under this Agreement (the “Closing”) shall occur on the date of, and substantially contemporaneously
with, the Merger Closing and the purchase by the Principal Investor of shares of Class A-1 Common Stock. At the Closing, (x) Holdings shall (i) make in the name of the Purchasers a book-entry notation representing the Shares in the stock
ledger of Holdings against the contribution of the Company Shares and the payment of the Aggregate Purchase Price therefor by wire transfer of immediately available funds to an account designated by Holdings, and (ii) deliver to the
Purchasers, Holdings, the Principal Investor and any other designated purchasers of the capital stock of Holdings signature pages to the Stockholders Agreement, and (y) in addition to the wire transfer of the funds described in item (x),
the Purchasers shall execute and deliver to Holdings the Purchasers’ signature page to the Stockholders Agreement.
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6. |
Representations and Warranties of Holdings. Holdings hereby represents and warrants to the Purchaser, as of the date hereof and as of Closing, that:
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7. |
Representations and Warranties of the Purchasers. Each Purchaser hereby jointly and severally represents and warrants to Holdings, as of the
date hereof and as of Closing, that:
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8. |
Termination. (a) This Agreement will terminate, and be of no further force or effect without any action by any person if the Merger Agreement is terminated for any reason, and (b) will
terminate, and be of no further force or effect upon the Purchasers providing notice to Holdings of their election to terminate this Agreement following any amendment to the Merger Agreement entered into without the Purchasers’ prior written
consent that results in any increase to the Merger Consideration (as defined in the Merger Agreement); provided, however, that if, prior to any such termination of this Agreement, the Purchaser shall have paid the Aggregate Purchase Price to,
or as directed by, Holdings, Holdings will (i) promptly (and in any event no later than one business day thereafter) provide the Purchaser notice pursuant to Section 9(c) of the termination of the Merger Agreement and this Agreement,
(ii) promptly (and in any event no later than two business days thereafter) refund the Aggregate Purchase Price paid by the Purchaser pursuant to this Agreement and (iii) cancel any Shares issued hereunder and upon such refund and
cancellation, this Agreement shall be terminated.
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9. |
Miscellaneous.
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Attention: |
Behdad Eghbali, Founder and Managing Partner
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Email: |
behdad@clearlake.com
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PURCHASERS:
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VECTOR CAPITAL V, L.P.
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Name:
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By:
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Title:
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VECTOR ENTREPRENEUR FUND V, L.P.
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Name:
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By:
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Title:
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