Document:

EX-10.4

 Exhibit 10.4 

PATENT AND TECHNOLOGY CROSS-LICENSE AGREEMENT 

BY AND BETWEEN 
 SUNEDISON, INC.

 AND 
 SUNEDISON
SEMICONDUCTOR, LTD. 
 DATED AS OF [JANUARY     , 2014] 

 PATENT AND TECHNOLOGY CROSS-LICENSE AGREEMENT 

This Patent and Technology Cross-License Agreement (this “Agreement”), made and entered into as of January [•], 2014 and
effective as of the Effective Date, is by and between SunEdison, Inc., a Delaware corporation (“SunEdison”), and SunEdison Semiconductor, Ltd., a Singapore corporation (“Semi” or “SSL”). 

RECITALS 
 WHEREAS,
SunEdison has determined that it would be appropriate, desirable and in the best interests of SunEdison and the shareholders of SunEdison to separate the SSL Business from SunEdison; 

WHEREAS, SunEdison and SSL have entered into the Separation Agreement, dated as of [•], 2014 (the “Separation
Agreement”), in connection with the separation of the SSL Business from SunEdison; 
 WHEREAS, following the Contribution by
SunEdison described in the Separation Agreement, SunEdison will make an offer and sale to the public of SSL Common Stock transferred in the Contribution, which will take place pursuant to a registration statement on Form S-1; 

WHEREAS, the Separation Agreement also provides for the execution and delivery of certain other agreements, including this Agreement, in order
to facilitate and provide for the separation of SSL and its subsidiaries from SunEdison; 
 WHEREAS, following the separation of the SSL
Business from SunEdison under the Separation Agreement, SunEdison will own certain Intellectual Property used or useful in the SSL Field, and SSL will own certain Intellectual Property used or useful in the SunEdison Field; and 

WHEREAS, each Party wishes to obtain from the other Party a license to use such intellectual property in its respective License Field under
the terms and conditions hereinafter set forth. 
 NOW, THEREFORE, for and in consideration of the mutual covenants contained in this
Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, SunEdison and SSL hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1 Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them
in the Separation Agreement. As used herein, the following terms shall have the following meanings: 
 “Controlled” means,
with respect to Intellectual Property, that a Licensor or its Affiliate owns such Intellectual Property, in whole or in part, and/or has the right to grant an exclusive license to the other Party with respect to such Intellectual Property as set
forth herein and without incurring any financial or other obligations to any other Person, subject, in each case, to the terms of any license or other agreement to which such Licensor or any of its Affiliates is a party that relates to any such
Intellectual Property. Notwithstanding, without limiting any Party’s obligations set forth herein, if a Licensor (i) does not have the right under a Third Party agreement to grant an exclusive license or sublicense, such license or
sublicense shall be non-exclusive and such Licensor shall so notify the 

 
Licensee in writing, and (ii) if at any time during the Term any agreement which limits any rights granted to a Licensee hereunder expires or otherwise terminates, then, as applicable, such
rights shall automatically and immediately be included in the Licensed IP to the full extent it is Controlled by the applicable Licensor at such time. 

“Effective Date” means the date of the closing of the IPO. 

“Improvements” means any improvements, derivative works, enhancements, refinements, advances or other modifications with
respect to any Licensed IP (whether or not patentable or reduced to practice). 
 “Intellectual Property” means any and all
issued patents and pending patent applications, works of authorship, copyrights and registrations and applications therefor, trade secrets, software and all other proprietary rights and other intellectual property in any jurisdiction and all
associated rights, including all inventions (whether or not patentable or reduced to practice), technologies, methods, processes, know-how, improvements, specifications, technical information and data (but excluding all trademarks, service marks,
logos, trade dress and other indicia of origin). 
 “License” means, with respect to SSL as Licensor, the license granted
to SunEdison pursuant to Section 2.1, and with respect to SunEdison as Licensor, the license granted to SSL pursuant to Section 2.2. 

“Licensed IP” means, as applicable, Licensed SSL IP and/or Licensed SunEdison IP. 

“Licensed SSL IP” means (i) the SSL Patent Rights set forth on Exhibit A attached hereto; (ii) the software ; and
(iii) the trade secrets, including know-how and other Intellectual Property (other than the SSL Patent Rights and software) that have application in the (SunEdison Field, in each case, to the extent Controlled by SSL or any member of the SSL
Group as of the Effective Date or that become Controlled by SSL or any member of the SSL Group at any time following the Effective Date until the earlier of (A) the fifth (5th) anniversary of the Effective Date, and (B) a Change of
Control of SSL to a competitor of SunEdison or any member of the SunEdison Group (but, for the avoidance of doubt, only for so long as such Intellectual Property is Controlled by SunEdison or any member of the SunEdison Group). 

“Licensed SunEdison IP” means (i) the SunEdison Patent Rights set forth on Exhibit B attached hereto; (ii) the
software; and (iii) the trade secrets, including know-how and other Intellectual Property (other than the SunEdison Patent Rights and software) that have application in the SSL Field, in each case, to the extent Controlled by SunEdison or any
member of the SunEdison Group as of the Effective Date or that become Controlled by SunEdison or any member of the SunEdison Group at any time following the Effective Date until the earlier of (A) the fifth (5th) anniversary of the
Effective Date, and (B) a Change of Control of SSL to a competitor of SunEdison or any member of the SunEdison Group (but, for the avoidance of doubt, only for so long as such Intellectual Property is Controlled by SunEdison or any member of
the SunEdison Group). Notwithstanding the foregoing, Licensed SunEdison IP shall specifically exclude SunEdison patent rights, software, trade secrets, know-how or other intellectual property related to Continuous Czochralski crystal growth
(“CCz”), Diamond Coated Wire (“DCW”), Fluid Bed Reactor polysilicon manufacturing (“FBR”), or High-pressure FBR (“HP FBR”), as the Parties have agreed to separate contractual arrangements outside of this
Agreement. 
 “Licensee” means (i) with respect to the Licensed SSL IP, SunEdison, and (ii) with respect to the
Licensed SunEdison IP, SSL. 
 “License Field” means, as applicable, the SSL Field and/or the SunEdison Field. 

  
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 “Licensor” means (i) with respect to the Licensed SSL IP, SSL or a member
of the SSL Group, and (ii) with respect to the Licensed SunEdison IP, SunEdison or a member of the SunEdison Group, as applicable. 

“Party” means individually, each of SunEdison and SSL, and together SunEdison and SSL are referred to herein as the
“Parties”. 
 “SSL Field” means and is limited to use of the Licensed IP within the semiconductor
industry; specifically, the growth, processing and manufacture of silicon crystals for use as a substrate for semiconductor wafer production, the processing and manufacture of semiconductor wafers for the semiconductor industry, and similar uses
solely with the semiconductor industry. 
 “SSL Group” means SSL and its Affiliates. For the avoidance of doubt, for
purposes of this Agreement, no member of the SunEdison Group shall be deemed to be an Affiliate of any member of the SSL Group. 

“SSL Patent Rights” means (i) those patent applications and patents set forth on Exhibit A; (ii) all U.S. or
foreign patents issued thereon; (iii) all patent applications and patents claiming priority thereto, including U.S., PCT, and foreign divisionals, continuations, continuations-in-part; and (iv) all extensions, renewals, reissues,
re-examinations, and supplementary protection certificates issued on any of the foregoing. 
 “SunEdison Field” means the
designs, materials, processes, products, and procedures related to the generation, storage, transmission, distribution, control or monitoring of electrical power and electrical energy obtained from photovoltaic conversion of solar radiation and
other renewable energy sources such as wind, moving water (including rain, tides and waves), organic plant and waste material (eligible biomass), and the earth’s heat (geothermal); it includes the manufacture of polysilicon, the growth,
processing and manufacture of silicon crystals and single or multi-crystalline ingots for use as a substrate for solar cell production, the processing and manufacture of solar wafers used in the photovoltaic industry, the design, processing and
manufacture of solar cells, and the design, processing and manufacture of modules, trackers, inverters and any and all balance of system hardware and software used in photovoltaic systems. 

“SunEdison Group” means SunEdison and its Affiliates. For the avoidance of doubt, for purposes of this Agreement, no member
of the SSL Group shall be deemed to be an Affiliate of any member of the SunEdison Group. 
 “SunEdison Patent Rights”
means (i) those patent applications and patents set forth on Exhibit B; (ii) all U.S. or foreign patents issued thereon; (iii) all patent applications and patents claiming priority thereto, including U.S., PCT, and foreign
divisionals, continuations, continuations-in-part; and (iv) all extensions, renewals, reissues, re-examinations, and supplementary protection certificates issued on any of the foregoing. 

Section 1.2 Interpretation. In this Agreement: 

(a) words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include
the other genders as the context requires; 
 (b) the terms “hereof,” “herein,” “herewith” and
words of similar import, and the term “Agreement” shall, unless otherwise stated, be construed to refer to this Agreement as a whole (including all of the Exhibits hereto) and not to any particular provision of this Agreement; 

  
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 (c) Article, Section and Exhibit references are to the Articles, Sections and
Exhibits to this Agreement unless otherwise specified; 
 (d) the word “including” and words of similar import when
used in this Agreement means “including, without limitation”; 
 (e) the word “or” shall not be
exclusive; and 
 (f) unless expressly stated to the contrary in this Agreement, all references to “the date
hereof,” “the date of this Agreement,” “hereby” and “hereupon” and words of similar import shall all be references to the Effective Date, regardless of any amendment or restatement hereof. 

ARTICLE II 
 LICENSE
GRANTS 
 Section 2.1 License to SunEdison. Subject to the terms and conditions of this Agreement, SSL hereby grants, on
behalf of itself and the other members of the SSL Group, and shall cause the other members of the SSL Group to grant, to SunEdison an exclusive, worldwide, perpetual, non-transferable (except as provided in Section 6.9),
royalty-free right and license, with the right to grant sublicenses as set forth in Section 2.3, to use the Licensed SSL IP in the SunEdison Field. 

Section 2.2 License to SSL. Subject to the terms and conditions of this Agreement, SunEdison hereby grants, on behalf of itself
and the other members of the SunEdison Group , and shall cause the other members of the SunEdison Group to grant, to SSL an exclusive, worldwide, perpetual, non-transferable (except as provided in Section 6.9), royalty-free right and
license, with the right to grant sublicenses as set forth in Section 2.3, to use the SunEdison Licensed IP in the SSL Field. 

Section 2.3 Sublicenses. No Licensee shall have any right to grant sublicenses to any Person under the License granted to such
Licensee hereunder without the prior written consent of the Licensor, such consent not to be unreasonably withheld, conditioned or delayed. Each Licensee shall remain primarily liable and responsible for all acts and omissions of its sublicensees
hereunder and their compliance with all applicable terms and conditions of this Agreement. 
 Section 2.4 No Implied Rights. As
between the Parties, all right, title and interest in and to all Licensed IP shall be owned by the applicable Licensor, and the Licensee shall not acquire, and nothing contained herein shall be construed as conferring, by implication, estoppel or
otherwise, any license or other right, title or interest in or to such Licensed IP or any other Intellectual Property owned by the Licensor or of any of its Affiliates hereunder or in connection herewith, except for the License granted to the
Licensee pursuant to, as applicable, Section 2.1 or Section 2.2. 
 Section 2.5 Improvements. For the
avoidance of doubt, as between the Parties, each Licensee shall own all right, title and interest in and to any and all Improvements and other Intellectual Property authored, developed, invented, reduced to practice or otherwise created by such
Licensee or any of its Affiliates (whether solely or jointly with any other Person) and all Intellectual Property rights therein and thereto. During the Term, each Licensee shall promptly, at no charge, disclose any such Improvements to the
applicable Licensor of the Licensed IP upon which any such Improvement is based and, upon the request of such Licensor, shall grant a royalty-free, worldwide, perpetual, non-transferable (except as set forth in Section 6.9),
non-exclusive license to use the Improvements in such Licensor’s License Field. 

  
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 Section 2.6 License Review. SunEdison and SSL shall hold annual License IP Review
Meetings to discuss any issues relating to this Agreement, any proposed revisions to the scope of this Agreement, additions of new patents and know-how not otherwise considered an Improvement, and whether any patents falling within the field owned
by and between those companies set forth in this Agreement which were granted shall be excluded from the definition of SunEdison Licensed IP and SSL Licensed IP, respectively, with SunEdison and SSL representing their wholly owned subsidiaries and
affiliates at such meetings. All such patents shall be included to the Licensed IP unless SunEdison or SSL refuses to include any such patent to the SunEdison Licensed IP or SSL Licensed IP, respectively. 

Section 2.7 Covenant Not to Sue. SunEdison and SSL covenant not to sue each other, nor the wholly owned subsidiaries of the other
authorized under this Agreement to enjoy use of the respective Licensed IP, for infringement of any patent which is part of the Licensed IP. (The subsidiaries of SunEdison and SSL considered under this Section 2.7 are those member companies of
the SunEdison Group and the SSL Group, respectively, engaged in the manufacture of semiconductor products in which SunEdison or SSL has an ownership interest and which uses, in connection with such manufacture, technology which has been provided in
substantial part to the entity by and pursuant to an existing license from SunEdison or SSL. 
 ARTICLE III 

PATENT PROSECUTION, MAINTENANCE AND ENFORCEMENT 

Section 3.1 Filing, Prosecution and Maintenance. Each Licensor shall have the first right, but not the obligation, to file,
prosecute and maintain, at its cost and expense, all patents, patent applications, and know-how licensed to the Licensee pursuant to Article II (“Licensed Patents”); provided, however, that if a Licensor elects
not to file, prosecute or maintain any Licensed Patent, and has not otherwise intentionally elected to prevent another party from doing so, then such Licensor shall so notify the Licensee in writing wherever possible according to the following
terms: 
 (A) For abandonments: 
 a. By the
later of (i) 60 days in advance of the Abandonment Deadline, or (ii) 5 days after receipt of notification of an applicable action, Licensor shall notify Licensee of the approaching Abandonment Deadline, and 

b. Within 5 days of making the decision to abandon the application, and not later than 30 days in advance of the Abandonment Deadline, Licensor
shall notify Licensee of the decision to abandon the application. 
 (B) For elections not to file, validate, or designate in additional countries, Licensor
shall notify Licensee of the approaching deadline and shall provide a list of countries in which Licensor intends to file, validate, or designate, by the later of (i) 60 days in advance of the deadline, or (ii) 5 days after receipt of
notification of an applicable event. 
 Upon receipt of such notice, the Licensee shall have the right, but not the obligation, at its cost and expense, to
pursue the filing or additional filing or support the continued prosecution or maintenance of such Licensed Patent. If the Licensee does elect to take such action, then Licensee shall notify Licensor of such election, and Licensor shall reasonably
cooperate with Licensee, upon Licensee’s request and at Licensee’s cost and expense, in connection with such filing or additional filing or continued prosecution or maintenance, as applicable, including, if requested by Licensee, by
assigning to Licensee all of Licensor’s right, title and interest in and to any such Licensed Patent owned by Licensor or any of its Affiliates to the extent it has the right to do so. 

  
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 Section 3.2 Enforcement of Licensed IP. 

(a) Control of Enforcement Actions. Except as may otherwise be mutually agreed by the Parties, as between the Parties, each Licensee
shall have the right to enforce the Licensed IP licensed to it hereunder as follows: 
 (i) SunEdison shall have the first
right, but not the obligation, (itself and/or through its designee), to control the initiation, conduct and, subject to Section 3.2(c), settlement or other resolution, at its cost and expense and in its sole discretion, of any
enforcement Action relating to the Licensed SSL IP that primarily has application in the SunEdison Field, including the right to communicate any objection or other form of challenge to any Third Party; and 

(ii) SSL shall have the first right, but not the obligation, (itself and/or through its designee), to control the initiation,
conduct and, subject to Section 3.2(c), settlement or other resolution, at its cost and expense and in its sole discretion, of any enforcement Action relating to the Licensed SunEdison IP that primarily has application in the SSL Field,
including the right to communicate any objection or other form of challenge to any Third Party. 
 Except as set forth in clause (i) or (ii) above
or as may otherwise be mutually agreed by the Parties, as between the Parties, each Licensor shall, however, have the first right, but not the obligation, itself and/or through its designee, to control the initiation, conduct and, subject to
Section 3.2(c), settlement or other resolution, at its cost and expense and in its sole discretion, of any enforcement Action relating to any other Licensed IP licensed by such Licensor to the Licensee hereunder. If the Party that has
the first right to initiate and control an Action hereunder, does not initiate an Action itself or through its designee with respect to such infringement, misappropriation or other violation of any Licensed IP by a Third Party within ninety
(90) days after receipt of a written request from the other Party to assume control over the enforcement of such violation of such Licensed IP, then the other Party shall have the right, but not the obligation, to bring and to control such
Action (provided that if it does not do so within ninety (90) days, the right to initiate and control an Action shall revert back to the other Party and shall again be subject to the terms set forth above in this Section 3.2(a)).

 The Party initiating or otherwise controlling any enforcement Action hereunder (the “Enforcing Party”), including the right to
communicate any objection or other form of challenge to any Third Party, shall, as between the Parties, have the right to select counsel for any Action initiated by it or its designee pursuant to this Section 3.2. The Party that is not
the Enforcing Party (the “Non-Enforcing Party”) shall, to the extent it is a necessary party to the action (or is otherwise reasonably requested by the enforcing Party), join the Enforcing Party (and/or, if applicable, its
designee(s)) at the Enforcing Party’s expense and agree to be represented by counsel for the Enforcing Party in any infringement or other Action commenced by the Enforcing Party (or its designee) and shall, upon request of the Enforcing Party,
execute such documents and perform such other acts as may be reasonably required and requested by the Enforcing Party at the Enforcing Party’s expense in connection with such enforcement Action; provided that the Non-Enforcing
Party shall have the right to engage, at its cost and expense, independent counsel of its choice to advise such Non-Enforcing Party in connection with such assistance to the Enforcing Party. 

The Non-Enforcing Party shall cooperate with, and provide reasonable assistance to, the Enforcing Party (and its designees) in connection with any Action
brought by the Enforcing Party (or its designee) hereunder to the extent relating to the Licensed IP, as may be reasonably requested by the Enforcing Party, including by providing access to relevant documents and other evidence (provided that the
Parties shall enter into a joint defense agreement with respect to the common interest privilege protecting such communications in a form reasonably acceptable to the Parties) and making its employees available, subject to the other Party’s
reimbursement of any costs and expenses incurred by the Non-Enforcing Party in providing such assistance. The Enforcing Party shall keep the Non-Enforcing Party reasonably informed of any determinations or significant developments in any Action
initiated by it pursuant to this Section 3.2 and, if the Non-Enforcing Party is the Licensor, then the Enforcing Party shall reasonably consult with the Licensor and take into consideration input provided to the Enforcing Party by such
Licensor to the extent reasonable and provided in a timely manner. 

  
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 (b) Allocation of Costs and Recoveries. Unless otherwise mutually agreed by the Parties or
set forth herein, (i) the costs and expenses relating to any enforcement Action commenced pursuant to this Section 3.2 shall be borne by the Enforcing Party; and (ii) any settlement payments or damages or other monetary awards
(“Recoveries”) recovered in any Action by the Enforcing Party, itself or through its designee, pursuant to this Section 3.2, whether by judgment or settlement, shall be allocated in the following order: (A) to
reimburse the Enforcing Party for any costs and expenses incurred by or on behalf of the Enforcing Party and/or its designee(s) with respect to such Action, (B) to reimburse the Non-Enforcing Party for any costs and expenses incurred by such
Party with respect to such Action to the extent the Non-Enforcing Party is entitled to reimbursement pursuant to this Section 3.2 (and has not already been reimbursed by the Enforcing Party), including if it joins such Action (but
excluding, for the avoidance of doubt, the cost of any counsel employed by the Non-Enforcing Party), and (C) the remainder shall be allocated to the Enforcing. 

(c) Settlement of Enforcement Action. The Enforcing Party shall not settle, or enter into a voluntary consent judgment with respect to,
any enforcement action under this Section 3.2 in a manner that would adversely affect the Non-Enforcing Party’s rights or interests, including any admissions of invalidity or unenforceability, or wrongdoing by the Non-Enforcing
Party or any of its Affiliates, or imposes any liability or payment or other obligation on the Non-Enforcing Party or any of its Affiliates, without the Non-Enforcing Party’s written consent (such consent not to be unreasonably withheld,
conditioned or delayed) and in any event, without notifying the Non-Enforcing Party of any such proposed settlement or voluntary consent judgment. For the avoidance of doubt, and without limiting the foregoing, as between the Parties, (the Enforcing
Party shall have the sole and exclusive right to settle, or enter into a voluntary consent judgment with respect to, any enforcement Action under this Section 3.2 

ARTICLE IV 

CONFIDENTIALITY 

Section 4.1 Confidentiality. Each Party acknowledges and agrees that in connection with the rights and licenses granted under this
Agreement, it may gain access to Confidential Information of the other Party and each Party hereby agrees that all such information shall be subject to the provisions of the Mutual Non-Disclosure Agreement executed by the Parties and in force as of
the Effective Date (the “Mutual Non-Disclosure Agreement”). For the avoidance of doubt, the Parties hereby acknowledge and agree the provisions of the Mutual Non-Disclosure Agreement shall survive for a period of ten (10) years
following the expiration or termination of this Agreement. 
 ARTICLE V 

TERM AND TERMINATION 

Section 5.1 Term and Termination. This Agreement shall become effective on the Effective Date and shall continue thereafter until
expiration of the last item of Licensed IP (which expiration, in the case of issued patents, shall be the expiration of the statutory term (including all extensions and renewals) of such patents, and in the case of know-how and trade secrets, shall
be (the date on which such know-how and trade secrets are no longer non-public, unless earlier terminated by mutual written agreement of the Parties (the “Term”). 

  
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 Section 5.2 Termination for Breach. In the event of a material breach of this
Agreement, the non-breaching Party shall be entitled to terminate this Agreement by giving the breaching Party thirty (30) days written notice specifying in reasonable detail the cause of such breach. If such breach is not cured by the
breaching Party within such thirty (30) day notice period, this Agreement will terminate without further action required by the non-breaching Party. A material breach of this Agreement will include the occurrence of any of the following by a
Party: (i) such Party makes an assignment for the benefit of creditors, or is subject to an involuntary or voluntary receivership, insolvency or bankruptcy proceedings; (ii) such Party makes a materially false or misleading statement,
representation or claim about a material matter; ((iii) such Party is in breach of any material obligation, representation, warranty or covenant set forth herein; or (iv) dissolution or liquidation of such Party. 

ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Counterparts; Entire Agreement. 

(a) 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 Party and delivered to the other Party. 
 (b) This Agreement and the
Separation Agreement and any Schedules, Exhibits, and Appendices hereto or thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersedes all previous agreements, negotiations, discussions, writings,
understandings, commitments and conversations with respect to such subject matter and there are no agreements or understandings between the Parties with respect to such subject matter other than those set forth or referred to herein and therein.

 (c) Each Party hereto acknowledges that it and the other Party hereto may execute this Agreement by facsimile, stamp or mechanical
signature. Each Party hereto expressly adopts and confirms each such facsimile, stamp or mechanical signature made in its respective name as if it were a manual signature, agrees that it shall not assert that any such signature is not adequate to
bind such Party to the same extent as if it were signed manually and agrees that at the reasonable request of the other Party hereto at any time it shall as promptly as reasonably practicable cause this Agreement to be manually executed (any such
execution to be as of the date of the initial date thereof). 
 Section 6.2 No Third Party Beneficiaries. The provisions of this
Agreement are enforceable solely by the Parties to the Agreement and no assignee or other Person shall have the right, separate and apart from the Parties hereto, to enforce any provisions of this Agreement or to compel any Party to this Agreement
to comply with the terms of this Agreement. 
 Section 6.3 No Fiduciary Duties. It is expressly understood and agreed that this
Agreement is a purely commercial transaction between SunEdison and SSL and that nothing stated herein shall operate to create any special or fiduciary duty that either Party or any of its Affiliates shall owe to the other Party or vice versa. 

Section 6.4 Disclaimer of Warranty; Limitation of Liability. 

(a) NEITHER PARTY MAKES ANY (AND EACH PARTY HEREBY DISCLAIMS AND NEGATES ANY AND ALL) REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING THE WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE RIGHTS AND LICENSES GRANTED HEREUNDER AND EACH LICENSOR IS GRANTING THE LICENSE HEREUNDER “AS IS.” 

  
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 (b) EXCEPT AS MAY BE SET FORTH IN THE SEPARATION AGREEMENT, NEITHER SSL OR ANY MEMBER OF THE SSL
GROUP, ON THE ONE HAND, NOR SUNEDISON OR ANY MEMBER OF THE SUNEDISON GROUP, ON THE OTHER HAND, SHALL BE LIABLE UNDER THIS AGREEMENT TO THE OTHER FOR ANY LOST PROFITS, LOST BUSINESS OPPORTUNITIES, OR ANY SPECIAL, CONSEQUENTIAL, INDIRECT, PUNITIVE,
EXEMPLARY, REMOTE, SPECULATIVE OR SIMILAR DAMAGES IN EXCESS OF COMPENSATORY DAMAGES OF THE OTHER ARISING IN CONNECTION WITH THE EXERCISE OF ANY RIGHT OR LICENSE GRANTED UNDER THIS AGREEMENT. 

Section 6.5 Further Assurances. In connection with this Agreement, each Party agrees to execute and deliver such additional
documents and instruments as may be required for a Party to exercise the rights and license granted hereunder and to perform such other additional acts as may be necessary or appropriate to effectuate, carry out, and perform all of the terms and
provisions of this Agreement. SSL covenants and agrees to cause the other members of the SSL Group to comply with all applicable terms and conditions set forth in this Agreement and acknowledges it shall be liable for any breach of the terms of this
Agreement caused by any member of the SSL Group. SunEdison covenants and agrees to cause the other members of the SunEdison Group to comply with all applicable terms and conditions set forth in this Agreement and acknowledges it shall be liable for
any breach of the terms of this Agreement caused by any member of the SunEdison Group. 
 Section 6.6 Notices. All notices,
requests, claims, demands or other communications under this Agreement shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by
facsimile or electronic transmission with receipt confirmed (followed by delivery of an original via overnight courier service), or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the
following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 6.6): 
 If
to SunEdison, to: 
 SunEdison, Inc. 

501 Pearl Drive 
 St. Peters, MO
63776 
 Attention: General Counsel 

Facsimile: 866-773-0793 
 Email:
mtruong@sunedison.com 
 If to SSL, to: 

SunEdison Semiconductor, Ltd. 
 11
Lorong 3, Toa Payoh, Blk B, 
 4th Floor, Jackson Square, 

Singapore 319579 
 Attention:
General Counsel 
 Facsimile: [•] 

Email: [•] 
 Any Party may, by notice to the
other Party, change the address and contact person to which any such notices are to be given. 

  
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 Section 6.7 Governing Law, Consent to Jurisdiction and Waiver of Right to Jury Trial.

 (a) This Agreement (and any claims or disputes arising out of or related hereto or thereto or to the transactions contemplated hereby and
thereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in accordance
with the Laws of the State of New York, irrespective of the choice of laws principles of the State of New York, including all matters of validity, construction, effect, enforceability, performance and remedies. 

(b) Each of the Parties hereto irrevocably submits to the exclusive jurisdiction of the state and federal courts located in New York for the
purposes of any action or proceeding arising out of this Agreement. Each of the Parties hereto further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party’s respective address set forth in
Section 6.6 will be effective service of process for any action or proceeding with respect to any matters to which it has submitted to jurisdiction as set forth above in the immediately preceding sentence. Each of the Parties hereto
irrevocably and unconditionally waives any objection to the laying of venue of any action or proceeding arising out of this Agreement in the state and federal courts located in New York and hereby further irrevocably and unconditionally waives and
agrees not to plead or claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. 

(c) EACH PARTY TO THIS AGREEMENT HEREBY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING BASED UPON, ARISING OUT OF, OR IN ANY WAY
RELATING TO THIS AGREEMENT. 
 Section 6.8 Dispute Resolution. The dispute resolution procedures set forth in Article IV of the
Separation Agreement shall apply to any dispute, controversy or claim (whether sounding in contract, tort or otherwise) that arises out of or relates to this Agreement, any breach or alleged breach hereof, or the construction, interpretation,
enforceability or validity hereof. 
 Section 6.9 Assignability. Neither Party may assign or otherwise transfer this Agreement
without the written consent of the other Party. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective permitted successors and assigns. Any assignment or other transfer not in accordance with this
Section 6.9 shall be null and void. 
 Section 6.10 Severability. If any provision of this Agreement or the
application thereof to any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances
or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate
in good faith in an effort to agree upon such a suitable and equitable provision to effect the original intent of the Parties. 

Section 6.11 Amendments. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any Party,
unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom such waiver, amendment, supplement or modification is sought to be enforced. 

Section 6.12 Waiver of Default. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not
be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of such Party. No failure or delay by any Party in exercising any right, power or privilege under this Agreement shall operate as a waiver
thereof nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. 

  
 11 

 Section 6.13 Licensee’s Retained Rights. The licensed rights granted herein
shall be deemed licenses of “intellectual property” for purposes of the United States Code, Title 11, Section 365(n). In the event of a Licensor’s bankruptcy and a subsequent rejection or disclaimer of this Agreement by a
bankruptcy trustee or by such Licensor as a debtor-in-possession, whether under the law of the United States or elsewhere, or in the event of a similar action under applicable law, the Licensee may elect to retain its licensed rights, subject to and
in accordance with the provisions of the United States Code, Title 11, Section 365(n) or other applicable law. 
 [Signatures
of Parties on Next Page] 

  
 12 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement with effect as of the
Effective Date. 
  

			
	 SUNEDISON, INC.

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	
	
	 SUNEDISON SEMICONDUCTOR, LTD.

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

 EXHIBIT A 

Licensed SSL IP 
 [***] 

 

	[***]	Indicates that text has been omitted which is the subject of a confidential treatment request. The text has been separately filed with the Securities and Exchange Commission. 

 EXHIBIT B 

Licensed SunEdison IP 
 [***] 

 

	[***]	Indicates that text has been omitted which is the subject of a confidential treatment request. The text has been separately filed with the Securities and Exchange Commission.EX-10.2

 Exhibit 10.2 

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK INCENTIVE PLAN 

NOTICE OF STOCK OPTION AWARD 
  

			
	 Grantee’s Name and Address:
	 	  

		 	  

		 	  

 You (the “Grantee”) have been granted an option to purchase shares of Common Stock, subject to the
terms and conditions of this Notice of Stock Option Award (the “Notice”), the Restoration Hardware Holdings, Inc. 2012 Stock Incentive Plan, as amended from time to time (the “Plan”) and the Stock Option Award Agreement (the
“Option Agreement”) attached hereto, as follows. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Notice. 
  

											
	 Award Number
	 		 		 	                                   
                                         
                                         
                              

											
	 Date of Award
	 		 		 	                                   
                                         
                                         
                              

									
	 Exercise Price per Share
	 	$	 		 	                                   
                                         
                                         
                          

											
	 Total Number of Shares Subject

to the Option (the “Shares”)
	 		 		 	                                   
                                         
                                         
                              

									
	 Total Exercise Price
	 	$	 		 	                                   
                                         
                                         
                          

			
	 Type of Option:
                                         
                  Incentive Stock Option

			
	                                    
                                         
                 Non-Qualified Stock Option

											
	 Expiration Date:
	 		 		 	                                   
                                         
                                         
                              

 Vesting Schedule: 

Subject to the Grantee’s Continuous Service and other limitations set forth in this Notice, the Plan and the Option Agreement, the Option
may be exercised, in whole or in part, in accordance with the following schedule: 
 The Option shall be fully vested upon the Date of
Award. 
 Selling Restrictions: 

Notwithstanding anything herein to the contrary, neither the Grantee nor a transferee (either referred to herein as the “Holder”) may
transfer the Shares issued upon exercise of the Option (except by will or by the laws of descent and distribution) until twenty (20) years following the Registration Date (the “Selling Restrictions”). However, subject to the
Grantee’s Continuous Service, the Selling Restrictions shall lapse with respect to the number of Shares set forth in the table below on the corresponding date: 
  

			
	Number of Shares	  	Lapse Date
	 [—] Shares
	  	
	 [—] Shares
	  	
	 [—] Shares
	  	
	 [—] Shares
	  	

 Repurchase Right 

1. In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity for Cause pursuant to clause
(iv) or (v) of the definition of Cause, the Company shall have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from such Grantee any Shares that remain subject to the
Selling Restrictions as of the date of such termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s
applicable post-termination exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of 

  
 1 

 
the Shares as of the repurchase date. The purchase price payable by the Company under this Section 1 may be paid in lump sum in cash on the repurchase date or, in the Administrator’s
sole discretion, on a deferred basis by an unsecured promissory note providing for interest at a rate appropriate for the Company’s credit risk as of the repurchase date, a term of up to nine years from the date of repurchase and such other
terms and conditions as determined by the Administrator (including restrictions on assignment and transferability). In the event the Company elects to pay such purchase price with a note, the Grantee may elect to forgo such payment and convey the
Shares to the Company for no additional cash consideration. In the event the Company fails to exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 1, the Selling Restrictions then applicable
to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 

2. In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity without Cause [or by the Grantee for
Good Reason], or is terminated on account of the Grantee’s death or Disability, the Company shall have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from the Grantee any Shares
that remain subject to the Selling Restrictions as of the date of termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the
Grantee’s applicable post-termination exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of the Shares as of the repurchase date. The purchase price payable by the Company under this
Section 2 shall be paid in lump sum in cash on the repurchase date. In the event the Company fails to exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 2, the Selling Restrictions
then applicable to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 

3. In the event the Grantee’s Continuous Service is terminated by the Grantee [without Good Reason] [for any reason], the Company shall
have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from such Grantee any Shares that remain subject to the Selling Restrictions as of the date of such termination. The repurchase
date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s applicable post-termination exercise period set forth in Section 5, 6 or
7, and the repurchase price shall be the Fair Market Value of the Shares as of the repurchase date. The purchase price payable by the Company under this Section 3 may be paid in lump sum in cash on the repurchase date or, in the
Administrator’s sole discretion, on a deferred basis by an unsecured promissory note providing for interest at a rate appropriate for the Company’s credit risk as of the repurchase date. The term of any such promissory note shall be
(1) up to nine years from the date of repurchase if such termination occurs prior to the first anniversary of the Registration Date, (2) up to seven years from the date of repurchase if such termination occurs after the first, but prior to
the second anniversary of the Registration Date, (3) up to four years from the date of repurchase if such termination occurs after the second, but prior to the third anniversary of Registration Date and (4) up to one year from the date of
repurchase if such termination occurs after the third anniversary of the Registration Date. The promissory note shall contain such other terms and conditions as determined by the Administrator (including restrictions on assignment and
transferability). In the event the Company elects to pay such purchase price with a note, the Grantee may elect to forgo such payment and convey the Shares to the Company for no additional cash consideration. In the event the Company fails to
exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 3, the Selling Restrictions then applicable to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to
lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 
 The Company’s
repurchase right described in each of Sections 1-3 is referred to herein as the “Repurchase Right”. 
 Definitions 

1. For purposes of the terms and conditions related to the Repurchase Right and the lapse of the Selling Restrictions described above and
notwithstanding anything in the Plan to the contrary, “Fair Market Value” means, on the date of determination, the fair market value of the Common Stock, as determined in good faith by the Administrator, in its sole and absolute discretion
(taking into account all of the terms applicable to the Option, including the Selling Restrictions). 

  
 2 

 2. “Cause” shall mean a finding by the Administrator, with respect to the termination
by the Company or a Related Entity of the Grantee’s Continuous Service, that the Grantee (i) committed theft, dishonesty or falsification of any documents or records related to the Company or any of its Related Entities;
(ii) improperly used or disclosed the Company’s or any of its Related Entity’s confidential or proprietary information; (iii) took any action which has a material detrimental effect on the reputation or business of the Company or
any of its Related Entities; (iv) failed or was unable to perform any reasonable assigned duties, provided, however, that if such failure or inability is reasonably capable of being cured, the Grantee is provided with a reasonable
opportunity to cure such failure or inability; (v) materially breached any employment or service agreement between the Grantee and the Company or any of its Related Entities or applicable policy of the Company or any of its Related Entities,
which breach is not cured pursuant to the terms of such agreement or policy; or (vi) was convicted (including any plea of guilty or nolo contendere) of any criminal act that, in the determination of the Board, impairs the Grantee’s ability
to perform his or her duties with the Company or any of its Related Entities. 
 3. [“Good Reason” shall have the meaning ascribed
to such term in the written employment or advisory agreement entered into by and between the Grantee and the Company effective as of [INSERT DATE]; provided, however, that no subsequent amendments to such agreement that affect the definition of Good
Reason will be taken into account for purposes of this Option unless explicitly provided for in the governing documents for such amendment.] 

IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice and agree that the Option is to be governed by the terms and
conditions of this Notice, the Plan, and the Option Agreement. 
  

			
	Restoration Hardware Holdings, Inc.,
	a Delaware corporation
		
	By:	 	  

	Title:	 	  

 THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE SHARES SUBJECT TO THE OPTION SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD
OF THE GRANTEE’S CONTINUOUS SERVICE (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE OPTION AGREEMENT, OR THE PLAN SHALL
CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF THE GRANTEE’S CONTINUOUS SERVICE, NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR THE RIGHT OF THE COMPANY OR RELATED ENTITY TO WHICH THE
GRANTEE PROVIDES SERVICES TO TERMINATE THE GRANTEE’S CONTINUOUS SERVICE, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE GRANTEE HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY,
THE GRANTEE’S STATUS IS AT WILL. 
 The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, and represents
that he or she is familiar with the terms and provisions thereof, and hereby accepts the Option subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Notice, the Plan, and the Option Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Notice, and fully understands all provisions of this Notice, the Plan and the Option Agreement. The Grantee hereby agrees that all questions of interpretation
and administration relating to this Notice, the Plan and the Option Agreement shall be resolved by the Administrator in accordance with Section 15 of the Option Agreement. The Grantee further agrees to the venue selection and waiver of a jury
trial in accordance with Section 16 of the Option Agreement. The Grantee further agrees to notify the Company upon any change in the residence address indicated in this Notice. 

 

									
	Dated:	 	  
	  		  	Signed:	 	  

		 		  		  		 	Grantee

  
 3 

 RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK INCENTIVE PLAN 

STOCK OPTION AWARD AGREEMENT 

1. Grant of Option. Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee
(the “Grantee”) named in the Notice of Stock Option Award (the “Notice”), an option (the “Option”) to purchase the Total Number of Shares of Common Stock subject to the Option (the “Shares”) set forth in the
Notice, at the Exercise Price per Share set forth in the Notice (the “Exercise Price”) subject to the terms and provisions of the Notice, this Stock Option Award Agreement (the “Option Agreement”) and the Company’s 2012
Stock Incentive Plan, as amended from time to time (the “Plan”), which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement. 

If designated in the Notice as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option as defined in
Section 422 of the Code. However, notwithstanding such designation, the Option will qualify as an Incentive Stock Option under the Code only to the extent the $100,000 dollar limitation of Section 422(d) of the Code is not exceeded. The
$100,000 limitation of Section 422(d) of the Code is calculated based on the aggregate Fair Market Value of the Shares subject to options designated as Incentive Stock Options which become exercisable for the first time by the Grantee during
any calendar year (under all plans of the Company or any Parent or Subsidiary of the Company). For purposes of this calculation, Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value
of the shares subject to such options shall be determined as of the grant date of the relevant option. 
 2. Exercise of Option. 

(a) Right to Exercise. The Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice
and with the applicable provisions of the Plan and this Option Agreement. The Option shall be subject to the provisions of Section 13 of the Plan relating to the exercisability or termination of the Option in the event of a Corporate
Transaction or Change in Control. The Grantee shall be subject to reasonable limitations on the number of requested exercises during any monthly or weekly period as determined by the Administrator. In no event shall the Company issue fractional
Shares. 
 (b) Method of Exercise. The Option shall be exercisable by delivery of an exercise notice (a form of which is attached as
Exhibit A) or by such other procedure as specified from time to time by the Administrator which shall state the election to exercise the Option, the whole number of Shares in respect of which the Option is being exercised, and such other provisions
as may be required by the Administrator. The exercise notice shall be delivered in person, by certified mail, or by such other method (including electronic transmission) as determined from time to time by the Administrator to the Company accompanied
by payment of the Exercise Price and all applicable income and employment taxes required to be withheld. The Option shall be deemed to be exercised upon receipt by the Company of such notice accompanied by the Exercise Price and all applicable
withholding taxes, which, to the extent selected, shall be deemed to be satisfied by use of the broker-dealer sale and remittance procedure to pay the Exercise Price provided in Section 3(d) below to the extent such procedure is available to
the Grantee at the time of exercise and such an exercise would not violate any Applicable Law. 
 (c) Taxes. No Shares will be
delivered to the Grantee or other person pursuant to the exercise of the Option until the Grantee or other person has made arrangements acceptable to the Administrator for the satisfaction of applicable income tax and employment tax withholding
obligations, including, without limitation, such other tax obligations of the Grantee incident to the receipt of Shares. Upon exercise of the Option, the Company or the Grantee’s employer may offset or withhold (from any amount owed by the
Company or the Grantee’s employer to the Grantee) or collect from the Grantee or other person an amount sufficient to satisfy such tax withholding obligations. Furthermore, in the event of any determination that the Company has failed to
withhold a sum sufficient to pay all withholding taxes due in connection with the Option, the Grantee agrees to pay the Company the amount of such deficiency in cash within five (5) days after receiving a written demand from the Company to do
so, whether or not the Grantee is an employee of the Company at that time. 

  
 1 

 (d) Section 16(b). Notwithstanding any provision of this Option Agreement to the
contrary, other than termination of the Grantee’s Continuous Service for Cause, if a sale within the applicable time periods set forth in Sections 5, 6 or 7 herein of Shares acquired upon the exercise of the Option would subject the Grantee to
suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such Shares by the Grantee would no longer be subject to
such suit, (ii) the one hundred and ninetieth (190th) day after the Grantee’s termination of Continuous Service, or (iii) the date on which the Option expires. 

3. Method of Payment. Payment of the Exercise Price shall be made by any of the following, or a combination thereof, at the election of
the Grantee; provided, however, that such exercise method does not then violate any Applicable Law and, provided further, that the portion of the Exercise Price equal to the par value of the Shares must be paid in cash or other legal consideration
permitted by the Delaware General Corporation Law: 
 (a) cash; 

(b) check; 
 (c) surrender of
Shares held for the requisite period, if any, necessary to avoid a charge to the Company’s earnings for financial reporting purposes, or delivery of a properly executed form of attestation of ownership of Shares as the Administrator may require
which have a Fair Market Value on the date of surrender or attestation equal to the aggregate Exercise Price of the Shares as to which the Option is being exercised; 

(d) if permitted by the Administrator and only with respect to that portion of the Option no longer subject to Selling Restrictions, payment
through a “net exercise” such that, without the payment of any funds, the Grantee may exercise the Option and receive the net number of Shares equal to (i) the number of Shares as to which the Option is being exercised, multiplied by
(ii) a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined by the Administrator) less the Exercise Price per Share, and the denominator of which is such Fair Market Value per Share (the number of
net Shares to be received shall be rounded down to the nearest whole number of Shares); or] 
 (e) if permitted by the Administrator and
only with respect to that portion of the Option no longer subject to Selling Restrictions, payment through a broker-dealer sale and remittance procedure pursuant to which the Grantee (i) shall provide written instructions to a
Company-designated brokerage firm to effect the immediate sale of some or all of the purchased Shares and remit to the Company sufficient funds to cover the aggregate exercise price payable for the purchased Shares and (ii) shall provide
written directives to the Company to deliver the certificates for the purchased Shares directly to such brokerage firm in order to complete the sale transaction.] 

4. Restrictions on Exercise. The Option may not be exercised if the issuance of the Shares subject to the Option upon such exercise
would constitute a violation of any Applicable Laws. If the exercise of the Option within the applicable time periods set forth in Section 5, 6 and 7 of this Option Agreement is prevented by the provisions of this Section 4, the Option
shall remain exercisable until one (1) month after the date the Grantee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date set forth in the Notice. 

5. Termination or Change of Continuous Service. 

(a) In the event of the Grantee’s change in status from Employee, Director or Consultant to any other status of Employee, Director or
Consultant, the Option shall remain in effect and the Option shall continue to vest in accordance with the Vesting Schedule set forth in the Notice; provided, however, that with respect to any Incentive Stock Option that shall remain in effect after
a change in status from Employee to Director or Consultant, such Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the day three (3) months and one (1) day
following such change in status. 

  
 2 

 (b) In the event the Grantee’s Continuous Service is terminated by the Company or a Related
Entity for Cause (other than pursuant to clause (iv) or (v) of the definition of Cause), the Grantee’s right to exercise the Option shall terminate on the date of the Grantee’s termination (the “Termination Date”). 

(c) In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity for Cause pursuant to clause
(iv) or (v) of the definition of Cause or terminated by the Grantee [without Good Reason] [for any reason], the Grantee may, but only within one hundred twenty (120) days commencing on the Termination Date (but in no event later than
the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. 
 (d) In the event the Grantee’s
Continuous Service is terminated by the Company or a Related Entity without Cause [or terminated by the Grantee for Good Reason], the Grantee may, but only within one hundred eighty (180) days commencing on the Termination Date (but in no event
later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. 
 (e) The post-termination
exercise periods described in this Section 5 shall commence on the Termination Date. In no event shall the Option be exercised later than the Expiration Date set forth in the Notice. 

(f) If the Grantee does not exercise the Option within the applicable post-termination exercise period, the Option shall terminate. 

6. Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the
Grantee may, but only within one hundred eighty (180) days commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. If the Grantee does not
exercise the Option within the time specified herein, the Option shall terminate. 
 7. Death of Grantee. In the event of the
termination of the Grantee’s Continuous Service as a result of his or her death, the person who acquired the right to exercise the Option pursuant to Section 8 may exercise the portion of the Option that was vested at the date of
termination within one hundred eighty (180) days commencing on the date of death (but in no event later than the Expiration Date). If the Option is not exercised within the time specified herein, the Option shall terminate. 

8. Transferability of Option. The Option, if an Incentive Stock Option, may not be transferred in any manner other than by will or by
the laws of descent and distribution and may be exercised during the lifetime of the Grantee only by the Grantee. The Option, if a Non-Qualified Stock Option, may not be transferred in any manner other than by will or by the laws of descent and
distribution, provided, however, that a Non-Qualified Stock Option may be transferred during the lifetime of the Grantee to the extent and in the manner authorized by the Administrator. Notwithstanding the foregoing, the Grantee may designate one or
more beneficiaries of the Grantee’s Incentive Stock Option or Non-Qualified Stock Option in the event of the Grantee’s death on a beneficiary designation form provided by the Administrator. Following the death of the Grantee, the Option,
to the extent provided in Section 7, may be exercised (a) by the person or persons designated under the deceased Grantee’s beneficiary designation or (b) in the absence of an effectively designated beneficiary, by the
Grantee’s legal representative or by any person empowered to do so under the deceased Grantee’s will or under the then applicable laws of descent and distribution. The terms of the Option shall be binding upon the executors,
administrators, heirs, successors and transferees of the Grantee. 
 9. Additional Terms Related to Selling Restrictions. 

(a) Transfer upon Death. Notwithstanding the Selling Restrictions set forth in the Notice, the Shares may be transferred by will or by
the laws of descent and distribution, provided, that the Selling Restrictions shall continue to apply to and be binding upon the executors, administrators, heirs, successors and transferees of the Holder. 

  
 3 

 (b) Legends. The Grantee understands and agrees that the Company shall cause the legends
set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED BY THE TERMS OF THAT CERTAIN OPTION AGREEMENT BETWEEN THE COMPANY AND THE NAMED
STOCKHOLDER. THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH SUCH AGREEMENT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

(c) Stop Transfer Notices. In order to ensure compliance with the Selling Restrictions, the Company may issue appropriate “stop
transfer” instructions to its transfer agent, if any, and, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

(d) Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or
otherwise transferred in violation of any of the provisions of this Option Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have
been so transferred. 
 (e) Additional Shares or Substituted Securities. In the event of any transaction described in Sections 10 or
11 of the Plan, any new, substituted or additional securities or other property which is by reason of any such transaction distributed with respect to the Shares shall be immediately subject to the Selling Restrictions, but only to the extent the
Shares are at the time covered by such Selling Restrictions. 
 (f) Escrow of Stock. For purposes of facilitating the enforcement of
the provisions of the Selling Restrictions, the Grantee agrees, immediately upon receipt of the certificate(s) for the Shares, to deliver such certificate(s), together with an Assignment Separate from Certificate in the form attached hereto as
Exhibit B, executed in blank by the Grantee with respect to each such stock certificate, to the Secretary or Assistant Secretary of the Company, or their designee, to hold in escrow for so long as such Shares are subject to the Selling Restrictions,
with the authority to take all such actions and to effectuate all such transfers and/or releases as may be necessary or appropriate to accomplish the objectives of this Option Agreement in accordance with the terms hereof. The Grantee hereby
acknowledges that the appointment of the Secretary or Assistant Secretary of the Company (or their designee) as the escrow holder hereunder with the stated authorities is a material inducement to the Company to make this Option Agreement and that
such appointment is coupled with an interest and is accordingly irrevocable. The Grantee agrees that the Shares may be held electronically in a book entry system maintained by the Company’s transfer agent or other third-party and that all the
terms and conditions of this Section 9(g) applicable to certificated Shares will apply with the same force and effect to such electronic method for holding the Shares. The Grantee agrees that such escrow holder shall not be liable to any party
hereto (or to any other party) for any actions or omissions unless such escrow holder is grossly negligent relative thereto. The escrow holder may rely upon any letter, notice or other document executed by any signature purported to be genuine and
may resign at any time. Subject to the provisions of any security agreement relating to Grantee’s purchase of the Shares, upon the expiration of the Selling Restrictions, the escrow holder will transmit to the Grantee the certificate evidencing
the Shares with respect to which the Selling Restrictions have lapsed. 
 10. Term of Option. The Option must be exercised no later
than the Expiration Date set forth in the Notice or such earlier date as otherwise provided herein. After the Expiration Date or such earlier date, the Option shall be of no further force or effect and may not be exercised. 

11. Additional Terms Related to the Company’s Repurchase Right. 

(a) Assignment. Whenever the Company shall have the right to purchase Shares under this Repurchase Right, the Company may designate and
assign one or more employees, officers, directors or shareholders of the Company or other persons or organizations, to exercise all or a part of the Company’s Repurchase Right. 

(b) Additional Shares or Substituted Securities. In the event of any transaction described in Sections 10 or 11 of the Plan, any new,
substituted or additional securities or other property which is by reason of any such transaction distributed with respect to the Shares shall be immediately subject to the Repurchase Right, but only to the extent the Shares are at the time covered
by such right. 

  
 4 

 12. Tax Consequences. The Grantee may incur tax liability as a result of the
Grantee’s purchase or disposition of the Shares. THE GRANTEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF THE SHARES. 

13. Entire Agreement: Governing Law. The Notice, the Plan and this Option Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest
except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan and this Option Agreement (except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties.
The Notice, the Plan and this Option Agreement are to be construed in accordance with and governed by the internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any
jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties. Should any provision of the Notice, the Plan or this Option Agreement be determined to be illegal or unenforceable, such provision shall be
enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain enforceable. 

14. Construction. The captions used in the Notice and this Option Agreement are inserted for convenience and shall not be deemed a part
of the Option for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless
the context clearly requires otherwise. 
 15. Administration and Interpretation. Any question or dispute regarding the
administration or interpretation of the Notice, the Plan or this Option Agreement shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and binding on
all persons. 
 16. Venue and Waiver of Jury Trial. The Company, the Grantee, and the Grantee’s assignees pursuant to
Section 8 (the “parties”) agree that any suit, action, or proceeding arising out of or relating to the Notice, the Plan or this Option Agreement shall be brought in the United States District Court for the Northern District of
California (or should such court lack jurisdiction to hear such action, suit or proceeding, in a California state court in the County of San Francisco) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably
waive, to the fullest extent permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF
ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of this Section 16 shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified to the minimum extent
necessary to make it or its application valid and enforceable. 
 17. Notices. Any notice required or permitted hereunder shall be
given in writing and shall be deemed effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are
within the United States), with postage and fees prepaid, addressed to the other party at its address as shown in these instruments, or to such other address as such party may designate in writing from time to time to the other party. 

END OF AGREEMENT 

  
 5 

 EXHIBIT A 

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK INCENTIVE PLAN 

EXERCISE NOTICE 
 Restoration
Hardware Holdings, Inc. 
 15 Koch Road, Suite J 
 Corte Madera,
CA 94925 
 Attention: Secretary 
 1.
Exercise of Option. Effective as of today,             ,              the undersigned (the “Grantee”) hereby
elects to exercise the Grantee’s option to purchase              shares of the Common Stock (the “Shares”) of
            , Inc. (the “Company”) under and pursuant to the Company’s 2012 Stock Incentive Plan, as amended from time to time (the “Plan”) and the
[    ] Incentive [    ] Non-Qualified Stock Option Award Agreement (the “Option Agreement”) and Notice of Stock Option Award (the “Notice”) dated
            ,             . Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings
in this Exercise Notice. 
 2. Representations of the Grantee. The Grantee acknowledges that the Grantee has received, read and
understood the Notice, the Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions. 
 3. Rights
as Stockholder. Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a stockholder shall exist with respect to the Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be
made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 11 of the Plan. 

4. Delivery of Payment. The Grantee herewith delivers to the Company the full Exercise Price for the Shares, which, to the extent
selected, shall be deemed to be satisfied by use of the broker-dealer sale and remittance procedure to pay the Exercise Price provided in Section 3(e) of the Option Agreement. 

5. Tax Consultation. The Grantee understands that the Grantee may suffer adverse tax consequences as a result of the Grantee’s
purchase or disposition of the Shares. The Grantee represents that the Grantee has consulted with any tax consultants the Grantee deems advisable in connection with the purchase or disposition of the Shares and that the Grantee is not relying on the
Company for any tax advice. 
 6. Taxes. The Grantee agrees to satisfy all applicable foreign, federal, state and local income and
employment tax withholding obligations and herewith delivers to the Company the full amount of such obligations or has made arrangements acceptable to the Company to satisfy such obligations. In the case of an Incentive Stock Option, the Grantee
also agrees, as partial consideration for the designation of the Option as an Incentive Stock Option, to notify the Company in writing within thirty (30) days of any disposition of any shares acquired by exercise of the Option if such
disposition occurs within two (2) years from the Date of Award or within one (1) year from the date the Shares were transferred to the Grantee. 

7. Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or multiple assignees, and
this agreement shall inure to the benefit of the successors and assigns of the Company. This Exercise Notice shall be binding upon the Grantee and his or her heirs, executors, administrators, successors and assigns. 

8. Construction. The captions used in this Exercise Notice are inserted for convenience and shall not be deemed a part of this
agreement for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the
context clearly requires otherwise. 

  
 1 

 9. Administration and Interpretation. The Grantee hereby agrees that any question or
dispute regarding the administration or interpretation of this Exercise Notice shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and binding on
all persons. 
 10. Governing Law; Severability. This Exercise Notice is to be construed in accordance with and governed by the
internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties.
Should any provision of this Exercise Notice be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall
remain enforceable. 
 11. Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are within the United States), with postage
and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party. 

12. Further Instruments. The parties agree to execute such further instruments and to take such further action as may be reasonably
necessary to carry out the purposes and intent of this agreement. 
 13. Entire Agreement. The Notice, the Plan and the Option
Agreement are incorporated herein by reference and together with this Exercise Notice constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of
the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan, the Option
Agreement and this Exercise Notice (except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties. 
  

									
	Submitted by:	 		 	Accepted by:
	GRANTEE:	 		 	RESTORATION HARDWARE HOLDINGS, INC.
					
		 		 		 	By:	 	  

	  
	 		 	Title:	 	  

	(Signature)	 		 		 	
	Address:	 		 		 	Address:
	  
	 		 	15 Koch Road, Suite J
	  
	 		 	Corte Madera, CA 94925

  
 2 

 EXHIBIT B 

STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE 

[Please sign this document but do not date it. The date and information of the transferee will be completed if and when the shares are assigned.] 

FOR VALUE RECEIVED,
                     hereby sells, assigns and transfers unto
                    ,
                    (    ) shares of the Common Stock of Restoration Hardware Holdings, Inc., a Delaware
corporation (the “Company”), standing in his name on the books of, represented by Certificate No.      herewith, and does hereby irrevocably constitute and appoint the Secretary of the Company attorney to
transfer the said stock in the books of the Company with full power of substitution. 
  

			
	 DATED:
	 	  

  
 1 

 [EMPLOYEE FORM OF OPTION AGREEMENT] 

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK OPTION PLAN 

NOTICE OF STOCK OPTION AWARD 
  

			
	 Grantee’s Name and Address:
	 	  

		 	  

		 	  

 You (the “Grantee”) have been granted an option to purchase shares of Common Stock, subject to the
terms and conditions of this Notice of Stock Option Award (the “Notice”), the Restoration Hardware Holdings, Inc. 2012 Stock Option Plan, as amended from time to time (the “Plan”) and the Stock Option Award Agreement (the
“Option Agreement”) attached hereto, as follows. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Notice. 
  

											
	 Award Number
	 		 		 	                                   
                                         
                                         
                              

											
	 Date of Award
	 		 		 	                                   
                                         
                                         
                              

									
	 Exercise Price per Share
	 	$	 		 	                                   
                                         
                                         
                          

											
	 Total Number of Shares Subject

to the Option (the “Shares”)
	 		 		 	                                   
                                         
                                         
                              

									
	 Total Exercise Price
	 	$	 		 	                                   
                                         
                                         
                          

			
	 Type of Option:
                                         
                  Incentive Stock Option

			
	                                    
                                         
                 Non-Qualified Stock Option

											
	 Expiration Date:
	 		 		 	                                   
                                         
                                         
                              

 Vesting Schedule: 

Subject to the Grantee’s Continuous Service and other limitations set forth in this Notice, the Plan and the Option Agreement, the Option
may be exercised, in whole or in part, in accordance with the following schedule: 
 The Option shall be fully vested upon the Date of
Award. 
 Selling Restrictions: 

Notwithstanding anything herein to the contrary, neither the Grantee nor a transferee (either referred to herein as the “Holder”) may
transfer the Shares issued upon exercise of the Option (except by will or by the laws of descent and distribution) until twenty (20) years following the Registration Date (the “Selling Restrictions”). However, subject to the
Grantee’s Continuous Service, the Selling Restrictions shall lapse with respect to the number of Shares set forth in the table below on the corresponding date: 
  

			
	Number of Shares	  	Lapse Date
	 [—] Shares
	  	
	 [—] Shares
	  	
	 [—] Shares
	  	
	 [—] Shares
	  	

 Repurchase Right 

1. In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity for Cause pursuant to clause
(iv) or (v) of the definition of Cause, the Company shall have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from such Grantee any Shares that remain subject to the
Selling Restrictions as of the date of such termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s
applicable post-termination exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of 

  
 2 

 
the Shares as of the repurchase date. The purchase price payable by the Company under this Section 1 may be paid in lump sum in cash on the repurchase date or, in the Administrator’s
sole discretion, on a deferred basis by an unsecured promissory note providing for interest at a rate appropriate for the Company’s credit risk as of the repurchase date, a term of up to nine years from the date of repurchase and such other
terms and conditions as determined by the Administrator (including restrictions on assignment and transferability). In the event the Company elects to pay such purchase price with a note, the Grantee may elect to forgo such payment and convey the
Shares to the Company for no additional cash consideration. In the event the Company fails to exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 1, the Selling Restrictions then applicable
to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 

2. In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity without Cause [or by the Grantee for
Good Reason], or is terminated on account of the Grantee’s death or Disability, the Company shall have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from the Grantee any Shares
that remain subject to the Selling Restrictions as of the date of termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the
Grantee’s applicable post-termination exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of the Shares as of the repurchase date. The purchase price payable by the Company under this
Section 2 shall be paid in lump sum in cash on the repurchase date. In the event the Company fails to exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 2, the Selling Restrictions
then applicable to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 

3. In the event the Grantee’s Continuous Service is terminated by the Grantee [without Good Reason] [for any reason], the Company shall
have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from such Grantee any Shares that remain subject to the Selling Restrictions as of the date of such termination. The repurchase
date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s applicable post-termination exercise period set forth in Section 5, 6 or
7, and the repurchase price shall be the Fair Market Value of the Shares as of the repurchase date. The purchase price payable by the Company under this Section 3 may be paid in lump sum in cash on the repurchase date or, in the
Administrator’s sole discretion, on a deferred basis by an unsecured promissory note providing for interest at a rate appropriate for the Company’s credit risk as of the repurchase date. The term of any such promissory note shall be
(1) up to nine years from the date of repurchase if such termination occurs prior to the first anniversary of the Registration Date, (2) up to seven years from the date of repurchase if such termination occurs after the first, but prior to
the second anniversary of the Registration Date, (3) up to four years from the date of repurchase if such termination occurs after the second, but prior to the third anniversary of Registration Date and (4) up to one year from the date of
repurchase if such termination occurs after the third anniversary of the Registration Date. The promissory note shall contain such other terms and conditions as determined by the Administrator (including restrictions on assignment and
transferability). In the event the Company elects to pay such purchase price with a note, the Grantee may elect to forgo such payment and convey the Shares to the Company for no additional cash consideration. In the event the Company fails to
exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 3, the Selling Restrictions then applicable to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to
lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 
 The Company’s
repurchase right described in each of Sections 1-3 is referred to herein as the “Repurchase Right”. 
 Definitions 

1. For purposes of the terms and conditions related to the Repurchase Right and the lapse of the Selling Restrictions described above and
notwithstanding anything in the Plan to the contrary, “Fair Market Value” means, on the date of determination, the fair market value of the Common Stock, as determined in good faith by the Administrator, in its sole and absolute discretion
(taking into account all of the terms applicable to the Option, including the Selling Restrictions). 

  
 3 

 2. “Cause” shall mean a finding by the Administrator, with respect to the termination
by the Company or a Related Entity of the Grantee’s Continuous Service, that the Grantee (i) committed theft, dishonesty or falsification of any documents or records related to the Company or any of its Related Entities;
(ii) improperly used or disclosed the Company’s or any of its Related Entity’s confidential or proprietary information; (iii) took any action which has a material detrimental effect on the reputation or business of the Company or
any of its Related Entities; (iv) failed or was unable to perform any reasonable assigned duties, provided, however, that if such failure or inability is reasonably capable of being cured, the Grantee is provided with a reasonable
opportunity to cure such failure or inability; (v) materially breached any employment or service agreement between the Grantee and the Company or any of its Related Entities or applicable policy of the Company or any of its Related Entities,
which breach is not cured pursuant to the terms of such agreement or policy; or (vi) was convicted (including any plea of guilty or nolo contendere) of any criminal act that, in the determination of the Board, impairs the Grantee’s ability
to perform his or her duties with the Company or any of its Related Entities. 
 3. [“Good Reason” shall have the meaning ascribed
to such term in the written employment or advisory agreement entered into by and between the Grantee and the Company effective as of [INSERT DATE]; provided, however, that no subsequent amendments to such agreement that affect the definition of Good
Reason will be taken into account for purposes of this Option unless explicitly provided for in the governing documents for such amendment.] 

IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice and agree that the Option is to be governed by the terms and
conditions of this Notice, the Plan, and the Option Agreement. 
  

			
	Restoration Hardware Holdings, Inc.,
	a Delaware corporation
		
	By:	 	  

	Title:	 	  

 THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE SHARES SUBJECT TO THE OPTION SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD
OF THE GRANTEE’S CONTINUOUS SERVICE (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE OPTION AGREEMENT, OR THE PLAN SHALL
CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF THE GRANTEE’S CONTINUOUS SERVICE, NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR THE RIGHT OF THE COMPANY OR RELATED ENTITY TO WHICH THE
GRANTEE PROVIDES SERVICES TO TERMINATE THE GRANTEE’S CONTINUOUS SERVICE, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE GRANTEE HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY,
THE GRANTEE’S STATUS IS AT WILL. 
 The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, and represents
that he or she is familiar with the terms and provisions thereof, and hereby accepts the Option subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Notice, the Plan, and the Option Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Notice, and fully understands all provisions of this Notice, the Plan and the Option Agreement. The Grantee hereby agrees that all questions of interpretation
and administration relating to this Notice, the Plan and the Option Agreement shall be resolved by the Administrator in accordance with Section 15 of the Option Agreement. The Grantee further agrees to the venue selection and waiver of a jury
trial in accordance with Section 16 of the Option Agreement. The Grantee further agrees to notify the Company upon any change in the residence address indicated in this Notice. 

 

									
	Dated:	 	  
	  		  	Signed:	 	  

		 		  		  		 	Grantee

  
 4 

 RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK OPTION PLAN 

STOCK OPTION AWARD AGREEMENT 

1. Grant of Option. Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee
(the “Grantee”) named in the Notice of Stock Option Award (the “Notice”), an option (the “Option”) to purchase the Total Number of Shares of Common Stock subject to the Option (the “Shares”) set forth in the
Notice, at the Exercise Price per Share set forth in the Notice (the “Exercise Price”) subject to the terms and provisions of the Notice, this Stock Option Award Agreement (the “Option Agreement”) and the Company’s 2012
Stock Option Plan, as amended from time to time (the “Plan”), which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement. 

If designated in the Notice as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option as defined in
Section 422 of the Code. However, notwithstanding such designation, the Option will qualify as an Incentive Stock Option under the Code only to the extent the $100,000 dollar limitation of Section 422(d) of the Code is not exceeded. The
$100,000 limitation of Section 422(d) of the Code is calculated based on the aggregate Fair Market Value of the Shares subject to options designated as Incentive Stock Options which become exercisable for the first time by the Grantee during
any calendar year (under all plans of the Company or any Parent or Subsidiary of the Company). For purposes of this calculation, Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value
of the shares subject to such options shall be determined as of the grant date of the relevant option. 
 2. Exercise of Option. 

(a) Right to Exercise. The Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice
and with the applicable provisions of the Plan and this Option Agreement. The Option shall be subject to the provisions of Section 13 of the Plan relating to the exercisability or termination of the Option in the event of a Corporate
Transaction or Change in Control. The Grantee shall be subject to reasonable limitations on the number of requested exercises during any monthly or weekly period as determined by the Administrator. In no event shall the Company issue fractional
Shares. 
 (b) Method of Exercise. The Option shall be exercisable by delivery of an exercise notice (a form of which is attached as
Exhibit A) or by such other procedure as specified from time to time by the Administrator which shall state the election to exercise the Option, the whole number of Shares in respect of which the Option is being exercised, and such other provisions
as may be required by the Administrator. The exercise notice shall be delivered in person, by certified mail, or by such other method (including electronic transmission) as determined from time to time by the Administrator to the Company accompanied
by payment of the Exercise Price and all applicable income and employment taxes required to be withheld. The Option shall be deemed to be exercised upon receipt by the Company of such notice accompanied by the Exercise Price and all applicable
withholding taxes, which, to the extent selected, shall be deemed to be satisfied by use of the broker-dealer sale and remittance procedure to pay the Exercise Price provided in Section 3(d) below to the extent such procedure is available to
the Grantee at the time of exercise and such an exercise would not violate any Applicable Law. 
 (c) Taxes. No Shares will be
delivered to the Grantee or other person pursuant to the exercise of the Option until the Grantee or other person has made arrangements acceptable to the Administrator for the satisfaction of applicable income tax and employment tax withholding
obligations, including, without limitation, such other tax obligations of the Grantee incident to the receipt of Shares. Upon exercise of the Option, the Company or the Grantee’s employer may offset or withhold (from any amount owed by the
Company or the Grantee’s employer to the Grantee) or collect from the Grantee or other person an amount sufficient to satisfy such tax withholding obligations. Furthermore, in the event of any determination that the Company has failed to
withhold a sum sufficient to pay all withholding taxes due in connection with the Option, the Grantee agrees to pay the Company the amount of such deficiency in cash within five (5) days after receiving a written demand from the Company to do
so, whether or not the Grantee is an employee of the Company at that time. 

  
 1 

 (d) Section 16(b). Notwithstanding any provision of this Option Agreement to the
contrary, other than termination of the Grantee’s Continuous Service for Cause, if a sale within the applicable time periods set forth in Sections 5, 6 or 7 herein of Shares acquired upon the exercise of the Option would subject the Grantee to
suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such Shares by the Grantee would no longer be subject to
such suit, (ii) the one hundred and ninetieth (190th) day after the Grantee’s termination of Continuous Service, or (iii) the date on which the Option expires. 

3. Method of Payment. Payment of the Exercise Price shall be made by any of the following, or a combination thereof, at the election of
the Grantee; provided, however, that such exercise method does not then violate any Applicable Law and, provided further, that the portion of the Exercise Price equal to the par value of the Shares must be paid in cash or other legal consideration
permitted by the Delaware General Corporation Law: 
 (a) cash; 

(b) check; 
 (c) surrender of
Shares held for the requisite period, if any, necessary to avoid a charge to the Company’s earnings for financial reporting purposes, or delivery of a properly executed form of attestation of ownership of Shares as the Administrator may require
which have a Fair Market Value on the date of surrender or attestation equal to the aggregate Exercise Price of the Shares as to which the Option is being exercised; 

(d) if permitted by the Administrator and only with respect to that portion of the Option no longer subject to Selling Restrictions, payment
through a “net exercise” such that, without the payment of any funds, the Grantee may exercise the Option and receive the net number of Shares equal to (i) the number of Shares as to which the Option is being exercised, multiplied by
(ii) a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined by the Administrator) less the Exercise Price per Share, and the denominator of which is such Fair Market Value per Share (the number of
net Shares to be received shall be rounded down to the nearest whole number of Shares); or] 
 (e) if permitted by the Administrator and
only with respect to that portion of the Option no longer subject to Selling Restrictions, payment through a broker-dealer sale and remittance procedure pursuant to which the Grantee (i) shall provide written instructions to a
Company-designated brokerage firm to effect the immediate sale of some or all of the purchased Shares and remit to the Company sufficient funds to cover the aggregate exercise price payable for the purchased Shares and (ii) shall provide
written directives to the Company to deliver the certificates for the purchased Shares directly to such brokerage firm in order to complete the sale transaction.] 

4. Restrictions on Exercise. The Option may not be exercised if the issuance of the Shares subject to the Option upon such exercise
would constitute a violation of any Applicable Laws. If the exercise of the Option within the applicable time periods set forth in Section 5, 6 and 7 of this Option Agreement is prevented by the provisions of this Section 4, the Option
shall remain exercisable until one (1) month after the date the Grantee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date set forth in the Notice. 

5. Termination or Change of Continuous Service. 

(a) In the event of the Grantee’s change in status from Employee, Director or Consultant to any other status of Employee, Director or
Consultant, the Option shall remain in effect and the Option shall continue to vest in accordance with the Vesting Schedule set forth in the Notice; provided, however, that with respect to any Incentive Stock Option that shall remain in effect after
a change in status from Employee to Director or Consultant, such Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the day three (3) months and one (1) day
following such change in status. 

  
 2 

 (b) In the event the Grantee’s Continuous Service is terminated by the Company or a Related
Entity for Cause (other than pursuant to clause (iv) or (v) of the definition of Cause), the Grantee’s right to exercise the Option shall terminate on the date of the Grantee’s termination (the “Termination Date”). 

(c) In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity for Cause pursuant to clause
(iv) or (v) of the definition of Cause or terminated by the Grantee [without Good Reason] [for any reason], the Grantee may, but only within one hundred twenty (120) days commencing on the Termination Date (but in no event later than
the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. 
 (d) In the event the Grantee’s
Continuous Service is terminated by the Company or a Related Entity without Cause [or terminated by the Grantee for Good Reason], the Grantee may, but only within one hundred eighty (180) days commencing on the Termination Date (but in no event
later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. 
 (e) The post-termination
exercise periods described in this Section 5 shall commence on the Termination Date. In no event shall the Option be exercised later than the Expiration Date set forth in the Notice. 

(f) If the Grantee does not exercise the Option within the applicable post-termination exercise period, the Option shall terminate. 

6. Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the
Grantee may, but only within one hundred eighty (180) days commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. If the Grantee does not
exercise the Option within the time specified herein, the Option shall terminate. 
 7. Death of Grantee. In the event of the
termination of the Grantee’s Continuous Service as a result of his or her death, the person who acquired the right to exercise the Option pursuant to Section 8 may exercise the portion of the Option that was vested at the date of
termination within one hundred eighty (180) days commencing on the date of death (but in no event later than the Expiration Date). If the Option is not exercised within the time specified herein, the Option shall terminate. 

8. Transferability of Option. The Option, if an Incentive Stock Option, may not be transferred in any manner other than by will or by
the laws of descent and distribution and may be exercised during the lifetime of the Grantee only by the Grantee. The Option, if a Non-Qualified Stock Option, may not be transferred in any manner other than by will or by the laws of descent and
distribution, provided, however, that a Non-Qualified Stock Option may be transferred during the lifetime of the Grantee to the extent and in the manner authorized by the Administrator. Notwithstanding the foregoing, the Grantee may designate one or
more beneficiaries of the Grantee’s Incentive Stock Option or Non-Qualified Stock Option in the event of the Grantee’s death on a beneficiary designation form provided by the Administrator. Following the death of the Grantee, the Option,
to the extent provided in Section 7, may be exercised (a) by the person or persons designated under the deceased Grantee’s beneficiary designation or (b) in the absence of an effectively designated beneficiary, by the
Grantee’s legal representative or by any person empowered to do so under the deceased Grantee’s will or under the then applicable laws of descent and distribution. The terms of the Option shall be binding upon the executors,
administrators, heirs, successors and transferees of the Grantee. 
 9. Additional Terms Related to Selling Restrictions. 

(a) Transfer upon Death. Notwithstanding the Selling Restrictions set forth in the Notice, the Shares may be transferred by will or by
the laws of descent and distribution, provided, that the Selling Restrictions shall continue to apply to and be binding upon the executors, administrators, heirs, successors and transferees of the Holder. 

  
 3 

 (b) Legends. The Grantee understands and agrees that the Company shall cause the legends
set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED BY THE TERMS OF THAT CERTAIN OPTION AGREEMENT BETWEEN THE COMPANY AND THE NAMED
STOCKHOLDER. THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH SUCH AGREEMENT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

(c) Stop Transfer Notices. In order to ensure compliance with the Selling Restrictions, the Company may issue appropriate “stop
transfer” instructions to its transfer agent, if any, and, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

(d) Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or
otherwise transferred in violation of any of the provisions of this Option Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have
been so transferred. 
 (e) Additional Shares or Substituted Securities. In the event of any transaction described in Sections 10 or
11 of the Plan, any new, substituted or additional securities or other property which is by reason of any such transaction distributed with respect to the Shares shall be immediately subject to the Selling Restrictions, but only to the extent the
Shares are at the time covered by such Selling Restrictions. 
 (f) Escrow of Stock. For purposes of facilitating the enforcement of
the provisions of the Selling Restrictions, the Grantee agrees, immediately upon receipt of the certificate(s) for the Shares, to deliver such certificate(s), together with an Assignment Separate from Certificate in the form attached hereto as
Exhibit B, executed in blank by the Grantee with respect to each such stock certificate, to the Secretary or Assistant Secretary of the Company, or their designee, to hold in escrow for so long as such Shares are subject to the Selling Restrictions,
with the authority to take all such actions and to effectuate all such transfers and/or releases as may be necessary or appropriate to accomplish the objectives of this Option Agreement in accordance with the terms hereof. The Grantee hereby
acknowledges that the appointment of the Secretary or Assistant Secretary of the Company (or their designee) as the escrow holder hereunder with the stated authorities is a material inducement to the Company to make this Option Agreement and that
such appointment is coupled with an interest and is accordingly irrevocable. The Grantee agrees that the Shares may be held electronically in a book entry system maintained by the Company’s transfer agent or other third-party and that all the
terms and conditions of this Section 9(g) applicable to certificated Shares will apply with the same force and effect to such electronic method for holding the Shares. The Grantee agrees that such escrow holder shall not be liable to any party
hereto (or to any other party) for any actions or omissions unless such escrow holder is grossly negligent relative thereto. The escrow holder may rely upon any letter, notice or other document executed by any signature purported to be genuine and
may resign at any time. Subject to the provisions of any security agreement relating to Grantee’s purchase of the Shares, upon the expiration of the Selling Restrictions, the escrow holder will transmit to the Grantee the certificate evidencing
the Shares with respect to which the Selling Restrictions have lapsed. 
 10. Term of Option. The Option must be exercised no later
than the Expiration Date set forth in the Notice or such earlier date as otherwise provided herein. After the Expiration Date or such earlier date, the Option shall be of no further force or effect and may not be exercised. 

11. Additional Terms Related to the Company’s Repurchase Right. 

(a) Assignment. Whenever the Company shall have the right to purchase Shares under this Repurchase Right, the Company may designate and
assign one or more employees, officers, directors or shareholders of the Company or other persons or organizations, to exercise all or a part of the Company’s Repurchase Right. 

  
 4 

 (b) Additional Shares or Substituted Securities. In the event of any transaction described
in Sections 10 or 11 of the Plan, any new, substituted or additional securities or other property which is by reason of any such transaction distributed with respect to the Shares shall be immediately subject to the Repurchase Right, but only to the
extent the Shares are at the time covered by such right. 
 12. Tax Consequences. The Grantee may incur tax liability as a result of
the Grantee’s purchase or disposition of the Shares. THE GRANTEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF THE SHARES. 

13. Entire Agreement: Governing Law. The Notice, the Plan and this Option Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest
except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan and this Option Agreement (except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties.
The Notice, the Plan and this Option Agreement are to be construed in accordance with and governed by the internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any
jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties. Should any provision of the Notice, the Plan or this Option Agreement be determined to be illegal or unenforceable, such provision shall be
enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain enforceable. 

14. Construction. The captions used in the Notice and this Option Agreement are inserted for convenience and shall not be deemed a part
of the Option for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless
the context clearly requires otherwise. 
 15. Administration and Interpretation. Any question or dispute regarding the
administration or interpretation of the Notice, the Plan or this Option Agreement shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and binding on
all persons. 
 16. Venue and Waiver of Jury Trial. The Company, the Grantee, and the Grantee’s assignees pursuant to
Section 8 (the “parties”) agree that any suit, action, or proceeding arising out of or relating to the Notice, the Plan or this Option Agreement shall be brought in the United States District Court for the Northern District of
California (or should such court lack jurisdiction to hear such action, suit or proceeding, in a California state court in the County of San Francisco) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably
waive, to the fullest extent permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF
ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of this Section 16 shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified to the minimum extent
necessary to make it or its application valid and enforceable. 
 17. Notices. Any notice required or permitted hereunder shall be
given in writing and shall be deemed effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are
within the United States), with postage and fees prepaid, addressed to the other party at its address as shown in these instruments, or to such other address as such party may designate in writing from time to time to the other party. 

END OF AGREEMENT 

  
 5 

 EXHIBIT A 

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK OPTION PLAN 

EXERCISE NOTICE 
 Restoration
Hardware Holdings, Inc. 
 15 Koch Road, Suite J 
 Corte Madera,
CA 94925 
 Attention: Secretary 
 1.
Exercise of Option. Effective as of today,             ,              the undersigned (the “Grantee”) hereby
elects to exercise the Grantee’s option to purchase              shares of the Common Stock (the “Shares”) of
            , Inc. (the “Company”) under and pursuant to the Company’s 2012 Stock Option Plan, as amended from time to time (the “Plan”) and the
[    ] Incentive [    ] Non-Qualified Stock Option Award Agreement (the “Option Agreement”) and Notice of Stock Option Award (the “Notice”) dated
            ,             . Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings
in this Exercise Notice. 
 2. Representations of the Grantee. The Grantee acknowledges that the Grantee has received, read and
understood the Notice, the Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions. 
 3. Rights
as Stockholder. Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a stockholder shall exist with respect to the Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be
made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 11 of the Plan. 

4. Delivery of Payment. The Grantee herewith delivers to the Company the full Exercise Price for the Shares, which, to the extent
selected, shall be deemed to be satisfied by use of the broker-dealer sale and remittance procedure to pay the Exercise Price provided in Section 3(e) of the Option Agreement. 

5. Tax Consultation. The Grantee understands that the Grantee may suffer adverse tax consequences as a result of the Grantee’s
purchase or disposition of the Shares. The Grantee represents that the Grantee has consulted with any tax consultants the Grantee deems advisable in connection with the purchase or disposition of the Shares and that the Grantee is not relying on the
Company for any tax advice. 
 6. Taxes. The Grantee agrees to satisfy all applicable foreign, federal, state and local income and
employment tax withholding obligations and herewith delivers to the Company the full amount of such obligations or has made arrangements acceptable to the Company to satisfy such obligations. In the case of an Incentive Stock Option, the Grantee
also agrees, as partial consideration for the designation of the Option as an Incentive Stock Option, to notify the Company in writing within thirty (30) days of any disposition of any shares acquired by exercise of the Option if such
disposition occurs within two (2) years from the Date of Award or within one (1) year from the date the Shares were transferred to the Grantee. 

7. Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or multiple assignees, and
this agreement shall inure to the benefit of the successors and assigns of the Company. This Exercise Notice shall be binding upon the Grantee and his or her heirs, executors, administrators, successors and assigns. 

8. Construction. The captions used in this Exercise Notice are inserted for convenience and shall not be deemed a part of this
agreement for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the
context clearly requires otherwise. 

  
 1 

 9. Administration and Interpretation. The Grantee hereby agrees that any question or
dispute regarding the administration or interpretation of this Exercise Notice shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and binding on
all persons. 
 10. Governing Law; Severability. This Exercise Notice is to be construed in accordance with and governed by the
internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties.
Should any provision of this Exercise Notice be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall
remain enforceable. 
 11. Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are within the United States), with postage
and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party. 

12. Further Instruments. The parties agree to execute such further instruments and to take such further action as may be reasonably
necessary to carry out the purposes and intent of this agreement. 
 13. Entire Agreement. The Notice, the Plan and the Option
Agreement are incorporated herein by reference and together with this Exercise Notice constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of
the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan, the Option
Agreement and this Exercise Notice (except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties. 
  

									
	Submitted by:	 		 	Accepted by:
	GRANTEE:	 		 	RESTORATION HARDWARE HOLDINGS, INC.
					
		 		 		 	By:	 	  

	  
	 		 	Title:	 	  

	(Signature)	 		 		 	
	Address:	 		 		 	Address:
	  
	 		 	15 Koch Road, Suite J
	  
	 		 	Corte Madera, CA 94925

  
 2 

 EXHIBIT B 

STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE 

[Please sign this document but do not date it. The date and information of the transferee will be completed if and when the shares are assigned.] 

FOR VALUE RECEIVED,              hereby sells, assigns and transfers unto
            ,              (            ) shares of the Common
Stock of Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), standing in his name on the books of, represented by Certificate No.      herewith, and does hereby irrevocably constitute and
appoint the Secretary of the Company attorney to transfer the said stock in the books of the Company with full power of substitution. 
  

			
	 DATED:
	 	  

  
 1 

 [STOCK OPTION AGREEMENT FOR CERTAIN EXECUTIVES] 

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK OPTION PLAN 

NOTICE OF STOCK OPTION AWARD 
  

			
	 Grantee’s Name and Address:
	 	  

		 	  

		 	  

 You (the “Grantee”) have been granted an option to purchase shares of Common Stock, subject to the
terms and conditions of this Notice of Stock Option Award (the “Notice”), the Restoration Hardware Holdings, Inc. 2012 Stock Option Plan, as amended from time to time (the “Plan”) and the Stock Option Award Agreement (the
“Option Agreement”) attached hereto, as follows. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Notice. 
  

											
	 Award Number
	 		 		 	                                   
                                         
                                         
                              

											
	 Date of Award
	 		 		 	                                   
                                         
                                         
                              

									
	 Exercise Price per Share
	 	$	 		 	                                   
                                         
                                         
                          

											
	 Total Number of Shares Subject

to the Option (the “Shares”)
	 		 		 	                                   
                                         
                                         
                              

									
	 Total Exercise Price
	 	$	 		 	                                   
                                         
                                         
                          

			
	 Type of Option:
                                         
                  Incentive Stock Option

			
	                                    
                                         
                 Non-Qualified Stock Option

											
	 Expiration Date:
	 		 		 	                                   
                                         
                                         
                              

 Vesting Schedule: 

Subject to the Grantee’s Continuous Service and other limitations set forth in this Notice, the Plan and the Option Agreement, the Option
may be exercised, in whole or in part, in accordance with the following schedule: 
 The Option shall be fully vested upon the Date of
Award. 
 Selling Restrictions: 

Notwithstanding anything herein to the contrary, neither the Grantee nor a transferee (either referred to herein as the “Holder”) may
transfer the Shares issued upon exercise of the Option (except by will or by the laws of descent and distribution) until twenty (20) years following the Registration Date (the “Selling Restrictions”). However, subject to the
Grantee’s Continuous Service, the Selling Restrictions shall lapse with respect to the number of Shares set forth in the table below on the date on which the Ten Day Average Price has reached and remained for ten (10) consecutive trading
days at the corresponding Lapse Price set forth below: 

  
 2 

			
	Number of Shares	  	Lapse Price
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share
	 [—] Shares
	  	[$—] per share

 For purposes of the Notice and Option Agreement, “Ten Day Average Price” shall mean, as of any date,
the average Fair Market Value of the Common Stock for the last ten (10) consecutive trading days, as determined after market close on the tenth (10th) such consecutive trading day. 

The Lapse Prices shall be subject to adjustment for changes in capitalization as provided in Section 10 of the Plan. Notwithstanding
anything herein to the contrary, in the event of a Corporate Transaction, the Selling Restrictions shall lapse immediately prior to the specified effective date of such Corporate Transaction with respect to the total number of Shares set forth in
the table above that corresponds to the highest Lapse Price (and each lower Lapse Price) set forth above that (a) has not been achieved in accordance with the terms and conditions hereof prior to the Corporate Transaction and (b) is equal
to or less than the value of the per share consideration payable to holders of Common Stock in the Corporate Transaction with respect to their shares of Common Stock, as determined by the Company in accordance with the terms and conditions of the
applicable definitive agreement pursuant to which the Corporate Transaction will be consummated. 
 For purposes of clarity, the Selling
Restrictions will lapse only once as to a particular installment attributable to attaining (and remaining for ten (10) consecutive trading days at) a Ten Day Average Price equal to the Lapse Price and there shall be no requirement that the Fair
Market Value remain above the Lapse Price after such date. In addition, each Lapse Price includes each lower Lapse Price, if any, so that if the specific Ten Day Average Price attained and maintained for such ten (10) consecutive trading day
period exceeds other Lapse Prices for installments that have not yet lapsed, the Selling Restrictions shall lapse with respect to all installments attributable to the highest Lapse Price maintained and all lower Lapse Prices. For example, once the
Selling Restrictions lapse with respect to [            ] Shares due to the Ten Day Average Price equaling or exceeding
$[            ] for ten (10) consecutive trading days, the Selling Restrictions will not lapse with respect to another
[            ] Shares for any other ten (10) consecutive trading day period during which the Ten Day Average Price equals or exceeds
$[            ]. However, if the Ten Day Average Price equals or exceeds $[            ] for ten (10) consecutive trading
days and the Selling Restrictions have not previously lapsed with respect to the installment attributable to the lower Lapse Price of $[            ], the Selling Restrictions will lapse as
to a total of [            ] Shares (which is the sum of the installments attributable to the Lapse Prices of $[            ] and
$[            ]). 
 Repurchase Right 

1. In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity for Cause pursuant to clauses
(B) or (E) of the definition of Cause, the Company shall have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from such Grantee any Shares that remain subject to the Selling
Restrictions as of the date of such termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s applicable
post-termination exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of the Shares as of the repurchase date. The purchase price payable by the Company under this Section 1 may be paid in
lump sum in cash on the repurchase date or, in the Administrator’s sole discretion, on a deferred basis by an unsecured promissory note providing for interest at a rate appropriate for the Company’s credit risk as of the repurchase date, a
term of up to nine years from the date of repurchase and such other terms and conditions as determined by the Administrator (including restrictions on assignment and transferability). In the event the

  
 3 

 
Company fails to exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 1, the Selling Restrictions then applicable to any Shares held by
the Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 

2. In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity without Cause or by the Grantee for
Good Reason, or is terminated on account of the Grantee’s death or Disability, the Company shall have the right, for a period of ninety (90) days commencing on the date that is two (2) years following the date of such termination, to
elect to purchase from the Grantee any Shares that remain subject to the Selling Restrictions as of the date that is two (2) years following the date of termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s applicable post-termination exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of
the Shares as of the repurchase date. The purchase price payable by the Company under this Section 2 shall be paid in lump sum in cash on the repurchase date. In the event the Company fails to exercise its repurchase right within the applicable
ninety (90) day period set forth in this Section 2, the Selling Restrictions then applicable to any Shares held by the Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set
forth above other than the requirement of Continuous Service. 
 3. In the event the Grantee’s Continuous Service is terminated by the
Grantee without Good Reason, the Company shall have the right, for a period of ninety (90) days commencing on the date of such termination, to elect to purchase from such Grantee any Shares that remain subject to the Selling Restrictions as of
the date of such termination. The repurchase date shall be the trading day immediately following the 185th calendar day after the expiration of the Grantee’s applicable post-termination
exercise period set forth in Section 5, 6 or 7, and the repurchase price shall be the Fair Market Value of the Shares as of the repurchase date. The purchase price payable by the Company under this Section 3 may be paid in lump sum in cash
on the repurchase date or, in the Administrator’s sole discretion, on a deferred basis by an unsecured promissory note providing for interest at a rate appropriate for the Company’s credit risk as of the repurchase date. The term of any
such promissory note shall be (1) up to nine years from the date of repurchase if such termination occurs prior to the first anniversary of the Registration Date, (2) up to seven years from the date of repurchase if such termination occurs
after the first, but prior to the second anniversary of the Registration Date, (3) up to four years from the date of repurchase if such termination occurs after the second, but prior to the third anniversary of Registration Date and (4) up
to one year from the date of repurchase if such termination occurs after the third anniversary of the Registration Date. The promissory note shall contain such other terms and conditions as determined by the Administrator (including restrictions on
assignment and transferability). In the event the Company fails to exercise its repurchase right within the applicable ninety (90) day period set forth in this Section 3, the Selling Restrictions then applicable to any Shares held by the
Grantee pursuant to the exercise of the Option shall continue to lapse in accordance with the terms and conditions set forth above other than the requirement of Continuous Service. 

The Company’s repurchase right described in each of Sections 1-3 is referred to herein as the “Repurchase Right”. 

Definitions 
 1. For purposes of the terms
and conditions related to the Repurchase Right and the lapse of the Selling Restrictions described above and notwithstanding anything in the Plan to the contrary, “Fair Market Value” means, on the date of determination, the fair market
value of the Common Stock, as reasonably determined in good faith by the Administrator, in its sole and absolute discretion (taking into account all of the terms applicable to the Option, including the Selling Restrictions). 

2. “Cause” shall have the meaning ascribed to such term in the Grantee’s [Employment Agreement] [Advisory Agreement] entered
into by and between the Grantee and the Company effective as of [INSERT DATE]; provided, however, that no subsequent amendments to such agreement that affect the definition of Cause will be taken into account for purposes of this Option unless
explicitly provided for in the governing documents for such amendment. 

  
 4 

 3. “Good Reason” shall have the meaning ascribed to such term in the Grantee’s
[Employment Agreement] [Advisory Agreement] entered into by and between the Grantee and the Company effective as of [INSERT DATE]; provided, however, that no subsequent amendments to such agreement that affect the definition of Good Reason will be
taken into account for purposes of this Option unless explicitly provided for in the governing documents for such amendment. 
 IN WITNESS
WHEREOF, the Company and the Grantee have executed this Notice and agree that the Option is to be governed by the terms and conditions of this Notice, the Plan, and the Option Agreement. 

 

			
	Restoration Hardware Holdings, Inc.,
	a Delaware corporation
		
	By:	 	  

	Title:	 	  

 THE GRANTEE ACKNOWLEDGES AND AGREES THAT THE SHARES SUBJECT TO THE OPTION SHALL VEST, IF AT ALL, ONLY DURING THE PERIOD
OF THE GRANTEE’S CONTINUOUS SERVICE (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER). THE GRANTEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE, THE OPTION AGREEMENT, OR THE PLAN SHALL
CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF THE GRANTEE’S CONTINUOUS SERVICE, NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR THE RIGHT OF THE COMPANY OR RELATED ENTITY TO WHICH THE
GRANTEE PROVIDES SERVICES TO TERMINATE THE GRANTEE’S CONTINUOUS SERVICE, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE GRANTEE HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY,
THE GRANTEE’S STATUS IS AT WILL. 
 The Grantee acknowledges receipt of a copy of the Plan and the Option Agreement, and represents
that he or she is familiar with the terms and provisions thereof, and hereby accepts the Option subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Notice, the Plan, and the Option Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to executing this Notice, and fully understands all provisions of this Notice, the Plan and the Option Agreement. The Grantee hereby agrees that all questions of interpretation
and administration relating to this Notice, the Plan and the Option Agreement shall be resolved by the Administrator in accordance with Section 15 of the Option Agreement. The Grantee further agrees to the venue selection and waiver of a jury
trial in accordance with Section 16 of the Option Agreement. The Grantee further agrees to notify the Company upon any change in the residence address indicated in this Notice. 

 

									
	Dated:	 	  
	  		  	Signed:	 	  

		 		  		  		 	Grantee

  
 5 

 RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK OPTION PLAN 

STOCK OPTION AWARD AGREEMENT 

1. Grant of Option. Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee
(the “Grantee”) named in the Notice of Stock Option Award (the “Notice”), an option (the “Option”) to purchase the Total Number of Shares of Common Stock subject to the Option (the “Shares”) set forth in the
Notice, at the Exercise Price per Share set forth in the Notice (the “Exercise Price”) subject to the terms and provisions of the Notice, this Stock Option Award Agreement (the “Option Agreement”) and the Company’s 2012
Stock Option Plan, as amended from time to time (the “Plan”), which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement. 

If designated in the Notice as an Incentive Stock Option, the Option is intended to qualify as an Incentive Stock Option as defined in
Section 422 of the Code. However, notwithstanding such designation, the Option will qualify as an Incentive Stock Option under the Code only to the extent the $100,000 dollar limitation of Section 422(d) of the Code is not exceeded. The
$100,000 limitation of Section 422(d) of the Code is calculated based on the aggregate Fair Market Value of the Shares subject to options designated as Incentive Stock Options which become exercisable for the first time by the Grantee during
any calendar year (under all plans of the Company or any Parent or Subsidiary of the Company). For purposes of this calculation, Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value
of the shares subject to such options shall be determined as of the grant date of the relevant option. 
 2. Exercise of Option. 

(a) Right to Exercise. The Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice
and with the applicable provisions of the Plan and this Option Agreement. The Option shall be subject to the provisions of Section 11 of the Plan relating to the exercisability or termination of the Option in the event of a Corporate
Transaction or Change in Control. The Grantee shall be subject to reasonable limitations on the number of requested exercises during any monthly or weekly period as determined by the Administrator. In no event shall the Company issue fractional
Shares. For purposes of clarity, the Shares received upon exercise of the Option shall be those Shares subject to Selling Restrictions with the lowest Lapse Price (as compared to the then-remaining unexercised portion of the Option) unless otherwise
indicated by the Grantee at the time of exercise. 
 (b) Method of Exercise. The Option shall be exercisable by delivery of an
exercise notice (a form of which is attached as Exhibit A) or by such other procedure as specified from time to time by the Administrator which shall state the election to exercise the Option, the whole number of Shares in respect of which the
Option is being exercised, and such other provisions as may be required by the Administrator. The exercise notice shall be delivered in person, by certified mail, or by such other method (including electronic transmission) as determined from time to
time by the Administrator to the Company accompanied by payment of the Exercise Price and all applicable income and employment taxes required to be withheld. The Option shall be deemed to be exercised upon receipt by the Company of such notice
accompanied by the Exercise Price and all applicable withholding taxes, which, to the extent selected, shall be deemed to be satisfied by use of the broker-dealer sale and remittance procedure to pay the Exercise Price provided in Section 3(d)
below to the extent such procedure is available to the Grantee at the time of exercise and such an exercise would not violate any Applicable Law. 

(c) Taxes. No Shares will be delivered to the Grantee or other person pursuant to the exercise of the Option until the Grantee or other
person has made arrangements acceptable to the Administrator for the satisfaction of applicable income tax and employment tax withholding obligations, including, without limitation, such other tax obligations of the Grantee incident to the receipt
of Shares. Upon exercise of the Option, the Company or the Grantee’s employer may offset or withhold (from any amount owed by the Company or the Grantee’s employer to the Grantee) or collect from the Grantee or other person an amount
sufficient to satisfy such tax withholding obligations. Furthermore, in the event of any determination that the Company has failed to withhold a sum sufficient to pay all withholding taxes due in connection with the Option, the Grantee agrees to pay
the Company the amount of such deficiency in cash within five (5) days after receiving a written demand from the Company to do so, whether or not the Grantee is an employee of the Company at that time. 

  
 1 

 (d) Section 16(b). Notwithstanding any provision of this Option Agreement to the
contrary, other than termination of the Grantee’s Continuous Service for Cause, if a sale within the applicable time periods set forth in Sections 5, 6 or 7 herein of Shares acquired upon the exercise of the Option would subject the Grantee to
suit under Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such Shares by the Grantee would no longer be subject to
such suit, (ii) the one hundred and ninetieth (190th) day after the Grantee’s termination of Continuous Service, or (iii) the date on which the Option expires. 

3. Method of Payment. Payment of the Exercise Price shall be made by any of the following, or a combination thereof, at the election of
the Grantee; provided, however, that such exercise method does not then violate any Applicable Law and, provided further, that the portion of the Exercise Price equal to the par value of the Shares must be paid in cash or other legal consideration
permitted by the Delaware General Corporation Law: 
 (a) cash; 

(b) check; 
 (c) surrender of
Shares held for the requisite period, if any, necessary to avoid a charge to the Company’s earnings for financial reporting purposes, or delivery of a properly executed form of attestation of ownership of Shares as the Administrator may require
which have a Fair Market Value on the date of surrender or attestation equal to the aggregate Exercise Price of the Shares as to which the Option is being exercised; 

(d) if permitted by the Administrator and only with respect to that portion of the Option no longer subject to Selling Restrictions, payment
through a “net exercise” such that, without the payment of any funds, the Grantee may exercise the Option and receive the net number of Shares equal to (i) the number of Shares as to which the Option is being exercised, multiplied by
(ii) a fraction, the numerator of which is the Fair Market Value per Share (on such date as is determined by the Administrator) less the Exercise Price per Share, and the denominator of which is such Fair Market Value per Share (the number of
net Shares to be received shall be rounded down to the nearest whole number of Shares); or 
 (e) if permitted by the Administrator and only
with respect to that portion of the Option no longer subject to Selling Restrictions, payment through a broker-dealer sale and remittance procedure pursuant to which the Grantee (i) shall provide written instructions to a Company-designated
brokerage firm to effect the immediate sale of some or all of the purchased Shares and remit to the Company sufficient funds to cover the aggregate exercise price payable for the purchased Shares and (ii) shall provide written directives to the
Company to deliver the certificates for the purchased Shares directly to such brokerage firm in order to complete the sale transaction. 

4. Restrictions on Exercise. The Option may not be exercised if the issuance of the Shares subject to the Option upon such exercise
would constitute a violation of any Applicable Laws. If the exercise of the Option within the applicable time periods set forth in Section 5, 6 and 7 of this Option Agreement is prevented by the provisions of this Section 4, the Option
shall remain exercisable until one (1) month after the date the Grantee is notified by the Company that the Option is exercisable, but in any event no later than the Expiration Date set forth in the Notice. 

5. Termination or Change of Continuous Service. 

(a) In the event of the Grantee’s change in status from Employee, Director or Consultant to any other status of Employee, Director or
Consultant, the Option shall remain in effect and the Option shall continue to vest in accordance with the Vesting Schedule set forth in the Notice; provided, however, that with respect to any Incentive Stock Option that shall remain in effect after
a change in status from Employee to Director or Consultant, such Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the day three (3) months and one (1) day
following such change in status. 

  
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 (b) In the event the Grantee’s Continuous Service is terminated by the Company or a Related
Entity for Cause (other than pursuant to clauses (B) and (E) of the definition of Cause), the Grantee’s right to exercise the Option shall terminate on the date of the Grantee’s termination (the “Termination Date”).

 (c) In the event the Grantee’s Continuous Service is terminated by the Company or a Related Entity for Cause pursuant to clause
(B) and (E) of the definition of Cause or terminated by the Grantee without Good Reason, the Grantee may, but only within one hundred twenty (120) days commencing on the Termination Date (but in no event later than the Expiration
Date), exercise the portion of the Option that was vested on the Termination Date. 
 (d) In the event the Grantee’s Continuous Service
is terminated by the Company or a Related Entity without Cause or terminated by the Grantee for Good Reason, the Grantee may, but only within the two (2) years and ninety (90) days commencing on the Termination Date (but in no event later
than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. 
 (e) The post-termination exercise
periods described in this Section 5 shall commence on the Termination Date. In no event shall the Option be exercised later than the Expiration Date set forth in the Notice. 

(f) If the Grantee does not exercise the Option within the applicable post-termination exercise period, the Option shall terminate. 

6. Disability of Grantee. In the event the Grantee’s Continuous Service terminates as a result of his or her Disability, the
Grantee may, but only within the two (2) years and ninety (90) days commencing on the Termination Date (but in no event later than the Expiration Date), exercise the portion of the Option that was vested on the Termination Date. If the
Grantee does not exercise the Option within the time specified herein, the Option shall terminate. 
 7. Death of Grantee. In the
event of the termination of the Grantee’s Continuous Service as a result of his or her death, the person who acquired the right to exercise the Option pursuant to Section 8 may exercise the portion of the Option that was vested at the date
of termination within the two (2) years and ninety (90) days commencing on the date of death (but in no event later than the Expiration Date). If the Option is not exercised within the time specified herein, the Option shall terminate.

 8. Transferability of Option. The Option, if an Incentive Stock Option, may not be transferred in any manner other than by will or
by the laws of descent and distribution and may be exercised during the lifetime of the Grantee only by the Grantee. The Option, if a Non-Qualified Stock Option, may not be transferred in any manner other than by will or by the laws of descent and
distribution, provided, however, that a Non-Qualified Stock Option may be transferred during the lifetime of the Grantee to the extent and in the manner authorized by the Administrator. Notwithstanding the foregoing, the Grantee may designate one or
more beneficiaries of the Grantee’s Incentive Stock Option or Non-Qualified Stock Option in the event of the Grantee’s death on a beneficiary designation form provided by the Administrator. Following the death of the Grantee, the Option,
to the extent provided in Section 7, may be exercised (a) by the person or persons designated under the deceased Grantee’s beneficiary designation or (b) in the absence of an effectively designated beneficiary, by the
Grantee’s legal representative or by any person empowered to do so under the deceased Grantee’s will or under the then applicable laws of descent and distribution. The terms of the Option shall be binding upon the executors,
administrators, heirs, successors and transferees of the Grantee. 
 9. Additional Terms Related to Selling Restrictions. 

(a) Transfer upon Death. Notwithstanding the Selling Restrictions set forth in the Notice, the Shares may be transferred by will or by
the laws of descent and distribution, provided, that the Selling Restrictions shall continue to apply to and be binding upon the executors, administrators, heirs, successors and transferees of the Holder. 

  
 3 

 (b) Legends. The Grantee understands and agrees that the Company shall cause the legends
set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED BY THE TERMS OF THAT CERTAIN OPTION AGREEMENT BETWEEN THE COMPANY AND THE NAMED
STOCKHOLDER. THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH SUCH AGREEMENT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

(c) Stop Transfer Notices. In order to ensure compliance with the Selling Restrictions, the Company may issue appropriate “stop
transfer” instructions to its transfer agent, if any, and, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

(d) Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or
otherwise transferred in violation of any of the provisions of this Option Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have
been so transferred. 
 (e) Additional Shares or Substituted Securities. In the event of any transaction described in Sections 10 or
11 of the Plan, any new, substituted or additional securities or other property which is by reason of any such transaction distributed with respect to the Shares shall be immediately subject to the Selling Restrictions, but only to the extent the
Shares are at the time covered by such Selling Restrictions. 
 (f) Escrow of Stock. For purposes of facilitating the enforcement of
the provisions of the Selling Restrictions, the Grantee agrees, immediately upon receipt of the certificate(s) for the Shares, to deliver such certificate(s), together with an Assignment Separate from Certificate in the form attached hereto as
Exhibit B, executed in blank by the Grantee with respect to each such stock certificate, to the Secretary or Assistant Secretary of the Company, or their designee, to hold in escrow for so long as such Shares are subject to the Selling Restrictions,
with the authority to take all such actions and to effectuate all such transfers and/or releases as may be necessary or appropriate to accomplish the objectives of this Option Agreement in accordance with the terms hereof. The Grantee hereby
acknowledges that the appointment of the Secretary or Assistant Secretary of the Company (or their designee) as the escrow holder hereunder with the stated authorities is a material inducement to the Company to make this Option Agreement and that
such appointment is coupled with an interest and is accordingly irrevocable. The Grantee agrees that the Shares may be held electronically in a book entry system maintained by the Company’s transfer agent or other third-party and that all the
terms and conditions of this Section 9(g) applicable to certificated Shares will apply with the same force and effect to such electronic method for holding the Shares. The Grantee agrees that such escrow holder shall not be liable to any party
hereto (or to any other party) for any actions or omissions unless such escrow holder is grossly negligent relative thereto. The escrow holder may rely upon any letter, notice or other document executed by any signature purported to be genuine and
may resign at any time. Subject to the provisions of any security agreement relating to Grantee’s purchase of the Shares, upon the expiration of the Selling Restrictions, the escrow holder will transmit to the Grantee the certificate evidencing
the Shares with respect to which the Selling Restrictions have lapsed. 
 10. Term of Option. The Option must be exercised no later
than the Expiration Date set forth in the Notice or such earlier date as otherwise provided herein. After the Expiration Date or such earlier date, the Option shall be of no further force or effect and may not be exercised. 

11. Additional Terms Related to the Company’s Repurchase Right. 

(a) Assignment. Whenever the Company shall have the right to purchase Shares under this Repurchase Right, the Company may designate and
assign one or more employees, officers, directors or shareholders of the Company or other persons or organizations, to exercise all or a part of the Company’s Repurchase Right. 

(b) Additional Shares or Substituted Securities. In the event of any transaction described in Sections 10 or 11 of the Plan, any new,
substituted or additional securities or other property which is by reason of any such transaction distributed with respect to the Shares shall be immediately subject to the Repurchase Right, but only to the extent the Shares are at the time covered
by such right. 

  
 4 

 12. Tax Consequences. The Grantee may incur tax liability as a result of the
Grantee’s purchase or disposition of the Shares. THE GRANTEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF THE SHARES. 

13. Entire Agreement: Governing Law. The Notice, the Plan and this Option Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest
except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan and this Option Agreement (except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties.
The Notice, the Plan and this Option Agreement are to be construed in accordance with and governed by the internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any
jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties. Should any provision of the Notice, the Plan or this Option Agreement be determined to be illegal or unenforceable, such provision shall be
enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain enforceable. 

14. Construction. The captions used in the Notice and this Option Agreement are inserted for convenience and shall not be deemed a part
of the Option for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless
the context clearly requires otherwise. 
 15. Administration and Interpretation. Any question or dispute regarding the
administration or interpretation of the Notice, the Plan or this Option Agreement shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and binding on
all persons. 
 16. Venue and Waiver of Jury Trial. The Company, the Grantee, and the Grantee’s assignees pursuant to
Section 8 (the “parties”) agree that any suit, action, or proceeding arising out of or relating to the Notice, the Plan or this Option Agreement shall be brought in the United States District Court for the Northern District of
California (or should such court lack jurisdiction to hear such action, suit or proceeding, in a California state court in the County of San Francisco) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably
waive, to the fullest extent permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF
ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of this Section 16 shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified to the minimum extent
necessary to make it or its application valid and enforceable. 
 17. Notices. Any notice required or permitted hereunder shall be
given in writing and shall be deemed effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are
within the United States), with postage and fees prepaid, addressed to the other party at its address as shown in these instruments, or to such other address as such party may designate in writing from time to time to the other party. 

END OF AGREEMENT 

  
 5 

 EXHIBIT A 

RESTORATION HARDWARE HOLDINGS, INC. 2012 STOCK OPTION PLAN 

EXERCISE NOTICE 
 Restoration Hardware
Holdings, Inc. 
 15 Koch Road, Suite J 
 Corte Madera, CA 94925

 Attention: Secretary 
 1. Exercise of
Option. Effective as of today,             ,              the undersigned (the “Grantee”) hereby elects to exercise
the Grantee’s option to purchase              shares of the Common Stock (the “Shares”) of             , Inc. (the
“Company”) under and pursuant to the Company’s 2012 Stock Option Plan, as amended from time to time (the “Plan”) and the [    ] Incentive [    ] Non-Qualified Stock Option Award
Agreement (the “Option Agreement”) and Notice of Stock Option Award (the “Notice”) dated             ,
            . Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Exercise Notice. 

2. Representations of the Grantee. The Grantee acknowledges that the Grantee has received, read and understood the Notice, the Plan and
the Option Agreement and agrees to abide by and be bound by their terms and conditions. 
 3. Rights as Stockholder. Until the stock
certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall
exist with respect to the Shares, notwithstanding the exercise of the Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for
which the record date is prior to the date the stock certificate is issued, except as provided in Section 10 of the Plan. 
 4.
Delivery of Payment. The Grantee herewith delivers to the Company the full Exercise Price for the Shares, which, to the extent selected, shall be deemed to be satisfied by use of the broker-dealer sale and remittance procedure to pay the
Exercise Price provided in Section 3(e) of the Option Agreement. 
 5. Tax Consultation. The Grantee understands that the
Grantee may suffer adverse tax consequences as a result of the Grantee’s purchase or disposition of the Shares. The Grantee represents that the Grantee has consulted with any tax consultants the Grantee deems advisable in connection with the
purchase or disposition of the Shares and that the Grantee is not relying on the Company for any tax advice. 
 6. Taxes. The Grantee
agrees to satisfy all applicable foreign, federal, state and local income and employment tax withholding obligations and herewith delivers to the Company the full amount of such obligations or has made arrangements acceptable to the Company to
satisfy such obligations. In the case of an Incentive Stock Option, the Grantee also agrees, as partial consideration for the designation of the Option as an Incentive Stock Option, to notify the Company in writing within thirty (30) days of
any disposition of any shares acquired by exercise of the Option if such disposition occurs within two (2) years from the Date of Award or within one (1) year from the date the Shares were transferred to the Grantee. 

7. Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or multiple assignees, and
this agreement shall inure to the benefit of the successors and assigns of the Company. This Exercise Notice shall be binding upon the Grantee and his or her heirs, executors, administrators, successors and assigns. 

8. Construction. The captions used in this Exercise Notice are inserted for convenience and shall not be deemed a part of this
agreement for construction or interpretation. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the
context clearly requires otherwise. 

  
 1 

 9. Administration and Interpretation. The Grantee hereby agrees that any question or
dispute regarding the administration or interpretation of this Exercise Notice shall be submitted by the Grantee or by the Company to the Administrator. The resolution of such question or dispute by the Administrator shall be final and binding on
all persons. 
 10. Governing Law; Severability. This Exercise Notice is to be construed in accordance with and governed by the
internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties.
Should any provision of this Exercise Notice be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall
remain enforceable. 
 11. Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon personal delivery, upon deposit for delivery by an internationally recognized express mail courier service or upon deposit in the United States mail by certified mail (if the parties are within the United States), with postage
and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party. 

12. Further Instruments. The parties agree to execute such further instruments and to take such further action as may be reasonably
necessary to carry out the purposes and intent of this agreement. 
 13. Entire Agreement. The Notice, the Plan and the Option
Agreement are incorporated herein by reference and together with this Exercise Notice constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of
the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except by means of a writing signed by the Company and the Grantee. Nothing in the Notice, the Plan, the Option
Agreement and this Exercise Notice (except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties. 
  

									
	Submitted by:	 		 	Accepted by:
	GRANTEE:	 		 	RESTORATION HARDWARE HOLDINGS, INC.
					
		 		 		 	By:	 	  

	  
	 		 	Title:	 	  

	(Signature)	 		 		 	
	Address:	 		 		 	Address:
	  
	 		 	15 Koch Road, Suite J
	  
	 		 	Corte Madera, CA 94925

  
 2 

 EXHIBIT B 

STOCK ASSIGNMENT SEPARATE FROM CERTIFICATE 

[Please sign this document but do not date it. The date and information of the transferee will be completed if and when the shares are assigned.] 

FOR VALUE RECEIVED, hereby sells, assigns and transfers unto             ,
(     ) shares of the Common Stock of Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), standing in his name on the books of, represented by Certificate No.      herewith,
and does hereby irrevocably constitute and appoint the Secretary of the Company attorney to transfer the said stock in the books of the Company with full power of substitution. 

 

			
	 DATED:
	 	  

  
 1

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