Document:

EX-10.7

 Exhibit 10.7 

Certain confidential information has been omitted from this Exhibit 10.7 pursuant to a request for confidential treatment filed separately with the
Securities and Exchange Commission. The omitted information is indicated by the symbol “* * *” at each place in this Exhibit 10.7 where the omitted information appeared in the original. 

PAPER SUPPLY AGREEMENT 

THIS PAPER SUPPLY AGREEMENT (this “Agreement”) is made this 18th day of February, 2000, among SEVEN HILLS PAPERBOARD, LLC, a
Delaware limited liability company having its registered office at 1801 Concord Turnpike, Lynchburg, Virginia 24504 (the “Company”) and LAFARGE CORPORATION, a Maryland corporation, having its principal place of business at 11130 Sunrise
Valley Drive, Reston, Virginia 20191 (“Lafarge”). 
 W I T N E S S E T H 

WHEREAS, Lafarge and Rock-Tenn Company (“Rock-Tenn”) have entered into that certain Joint Venture Agreement dated as of the date
hereof; 
 WHEREAS, under the terms of the Joint Venture Agreement, Rock-Tenn and Lafarge have agreed to form the Company for the purpose of
manufacturing, selling, and distributing gypsum paperboard liner for Lafarge’s use in the manufacturing of gypsum wallboard; 
 WHEREAS
Lafarge desires to purchase Qualified PBL produced by the Company and the Company, as a condition to the rebuilding of Mill #2, desires to have a customer committed to purchasing all of the Qualified PBL produced by the Company; 

NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained herein and in the
other Operative Agreements, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lafarge and the Company, intending to be legally bound, hereby agree as follows: 

ARTICLE 1 
 DEFINITIONS 

Section 1.1. Certain Definitions. As used in this Agreement, the following terms shall have the meaning specified below: 

“Agreement” shall mean this Paper Supply Agreement, with all schedules referenced herein and attached hereto as amended from time to
time. 
 “Party” shall mean Lafarge and/or the Company, as required by the context. 

Section 1.2. Other Definitions. Capitalized words not otherwise defined herein shall have the meaning set forth in Schedule 1.2 to the
Joint Venture Agreement. 

  
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 Section 1.3. Interpretation and Construction of this Agreement. The definitions in
Section 1.1 and Schedule 1.2 to the Joint Venture Agreement shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and
neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” All references herein to Articles, Sections, Exhibits and Schedules shall be
deemed to be references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. The table of contents and the headings of the Articles and Sections are inserted for convenience of
reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. Unless the context shall otherwise require, any reference to any agreement or other instrument or statute or regulation is to such
agreement, instrument, statute or regulation as amended and supplemented from time to time (and, in the case of a statute or regulation, to any successor provision). Any reference in this Agreement to a “day” or number of “days”
(without the explicit qualification of “Business”) shall be interpreted as a reference to a calendar day or number of calendar days. If any action or notice is to be taken or given on or by a particular calendar day, and such calendar day
is not a Business Day, then such action or notice shall be deferred until, or may be taken or given on the next Business Day. 
 ARTICLE 2

 SALE AND PURCHASE OF PBL 

Section 2.1. Sale and Purchase. The Company shall sell and deliver to Lafarge and Lafarge shall purchase and accept from the Company
various quantities and grades of PBL as hereinafter specified upon the terms and conditions as hereinafter specified. 
 Section 2.2.
Quantity the Company Shall Sell and Lafarge Shall Purchase. 
 (a) Prior to the commencement of the Ramp-Up Period, Lafarge shall not be
required or obligated to purchase PBL from the Company and the Company shall not be required or obligated to sell and deliver PBL to Lafarge; provided, however, that during the Start-Up Period, Lafarge and the Company shall use Commercially
Reasonable Efforts to purchase and sell all of the Standard Grades of Qualified PBL that have been qualified for use in any particular Lafarge wallboard plant. 

(b) During the Ramp-Up Period, subject to Lafarge’s gypsum wallboard manufacturing needs and Lafarge’s other PBL purchase
commitments or contracts, Lafarge shall use Commercially Reasonable Efforts to purchase and accept from the Company one hundred percent (100%) of the Qualified PBL that the Company is able to produce and the Company shall use Commercially
Reasonable Efforts to produce, sell and deliver to Lafarge one hundred percent (100%) of the Qualified PBL that Lafarge desires to purchase and orders pursuant to this Section 2.2. The foregoing and Section 2.2(c) notwithstanding,
during each calendar month of the Ramp-Up Period, the Company shall sell and deliver to Lafarge and Lafarge shall purchase and accept from the Company not less than the Ramp-Up Minimum. 

  
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 (c) On or before the fifth (5th) day of
each calendar month during the Ramp-Up Period, Lafarge shall deliver to the Company its purchase order or orders specifying the grade, quantity, shipment date or dates, and destination of the Qualified PBL to be purchased by Lafarge and sold by the
Company during the next succeeding calendar month. Lafarge shall use Commercially Reasonable Efforts to arrange its purchase orders to allow the Company to have production runs for each different grade of PBL for a minimum of five
(5) consecutive days. On or before the fifteenth (15th) day of each calendar month, the Company shall provide to Lafarge a confirmation of Lafarge’s order or orders. The
Company’s confirmation shall state whether the Company anticipates that it will be able to fulfill Lafarge’s order or orders for the next succeeding calendar month. The procedures for forecasting the amount of Lafarge’s purchases and
the Company’s production set forth in Section 5.2 of this Agreement shall apply during the Ramp-Up Period. 
 (d) Beginning on the
first day after the Ramp-Up Period ends and continuing to the Termination Date, Lafarge shall purchase and accept from the Company and the Company shall sell and deliver to Lafarge one hundred percent (100%) of the Qualified PBL produced by the
Company. 
 (e) Beginning on the first day after the Ramp-Up Period and continuing to the Termination Date, the Company shall use
Commercially Reasonable Efforts to produce Qualified PBL at or near the rated capacity of Mill #2. 
 (f) In the event that the Ramp-Up
Period does not commence on or before the first (1st) anniversary of the Commencement Date, the Company shall be deemed to be in Material Default of this Agreement. 

ARTICLE 3 
 QUALITY 

Section 3.1. Title. The Company warrants to Lafarge that (i) it has, and will continue to have, good title to the PBL that the
Company sells and delivers to Lafarge pursuant to this Agreement; (ii) transfer of title to such PBL is and will be rightful; (iii) title conveyed to Lafarge is good title, free and clear of any security interest or other lien or
encumbrance upon title; and (iv) to the Company’s knowledge, the use of the PBL the Company sells and delivers to Lafarge pursuant to this Agreement does not and will not infringe any patents or other rights of third parties. 

Section 3.2. Qualified PBL. The PBL that the Company will sell and deliver to Lafarge pursuant to this Agreement shall be Qualified PBL.
“Qualified PBL” shall mean PBL that: 
 (a) Is produced by the Company; 

(b) Is Spec PBL; 
 (c) Is free
from material defects and contains only harmless and incidental amounts of noxious materials or Hazardous Materials, if any; provided, however, that no such materials shall interfere with the use and application of PBL and wallboard manufactured
with such PBL for their intended purposes. 

  
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 (d) Meets relevant industry standards and market requirements, including standards and
requirements for: 
  

	 	(i)	Machine direction and cross direction tensile strength; 

  

	 	(ii)	Surface appearance (color brightness, color fading and enclosures); and 

  

	 	(iii)	Water and paint absorption; and 

 (e) Is capable of being converted into gypsum wallboard at
the Lafarge wallboard plant for which the Company produced the PBL, at the standard plant performances for that Lafarge wallboard plant, with such wallboard produced by Lafarge meeting relevant industry standards and market requirements, including
standards and requirements for: 
  

	 	(i)	Dry and humid bond after two (2) and twenty-four (24) hours; 

  

	 	(ii)	Nail pull test; 

  

	 	(iii)	Relevant ASTM standards; and 

  

	 	(iv)	Surface smoothness and the absence of cockles and depressions. 

 (f) In the event that the PBL
does not meet the requirements set forth in Section 3.2(e), the Parties shall use Commercially Reasonable Efforts to determine whether such failure is the result of the PBL or of the wallboard manufacturing process. If such failure is due to
the wallboard manufacturing process, then such PBL shall, nonetheless, be deemed to have satisfied the requirements set forth in Section 3.2(e). In the event that the Parties are unable to agree whether such a failure is due to the PBL or the
wallboard manufacturing process, the dispute shall be resolved in accordance with the procedures set forth in Section 3.6. 

Section 3.3. Specifications. 

(a) The initial Specifications for each grade of PBL to be produced by the Company are set forth in the Schedules attached hereto as Schedules
3.3A through 3.3F; provided however, that, subject to the provisions of Section 8.1(a) regarding temporary changes, orders from Lafarge for PBL having a basis weight in excess of * * * shall be treated as a modification to
Specifications. 
 (b) Lafarge, in consultation with the Company, may modify the Specifications from time to time to: 

 

	 	(i)	provide new Specifications applicable to new or different wallboard plants owned or operated by Lafarge; 

  

	 	(ii)	provide new Specifications applicable to new or different grades of PBL; or 

  

	 	(iii)	add new Specifications, delete Specifications or otherwise change or modify Specifications. 

  
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 (c) Any such modifications to the Specifications shall be made at Lafarge’s sole discretion;
provided, however, that production of PBL meeting such Specifications shall be within the physical capability of Mill #2; and provided further that, subject to the provisions of Section 8.1(a) regarding temporary changes, any costs or savings
attributable solely to such changes in Specifications, as measured from the economics being achieved by the Company immediately prior to such changes in Specifications, shall be reasonably reflected in the price of Qualified PBL to be paid by
Lafarge under this Agreement. 
 (d) In the event that in the exercise of its commercially reasonable judgment the Company determines that
production of PBL with the Specifications set by Lafarge is not within the physical capability of Mill #2, the Company shall so notify Lafarge in writing. Not more than three (3) days after the date of such written notice, the Company and
Lafarge shall confer and attempt to agree upon the Specifications that were the subject of the Company’s notice. In the event that the Parties cannot agree upon Specifications or any change in the price of Qualified PBL incident to a change in
Specifications through their good faith efforts, the dispute shall be resolved in accordance with the procedures set forth in Section 3.6. 

(e) One or more representatives from each of the Company and Lafarge shall meet and confer not less frequently than once every six
(6) months to review the Specifications of each grade of PBL being produced or to be produced by the Company under this Agreement, and the Company’s performance in meeting such Specifications and the Company’s production of PBL. 

Section 3.4. Testing and Measurements. The Company shall test and measure each Jumbo Roll of PBL from which the rolls of PBL the Company
sells and delivers to Lafarge pursuant to this Agreement are cut, and the Company shall certify that each such Jumbo Roll of PBL meets or exceeds all applicable Specifications. Each roll of PBL provided to Lafarge under this Agreement shall be
accompanied by a written confirmation of the test results obtained and measurements that were taken by the Company to determine whether the PBL is Spec PBL. 

Section 3.5. Reliance. Lafarge shall be permitted to rely upon the written confirmation provided by the Company to Lafarge under
Section 3.4. Upon receipt of PBL from the Company, Lafarge may perform any test on such PBL or take any measurement with respect to such PBL, but Lafarge shall not be required to do so and shall be entitled to rely upon the written confirmation
of test results provided by the Company. 
 Section 3.6. Dispute Resolution. 

(a) In the event that the Parties cannot resolve a dispute arising under Section 3.3, Section 4.1, Section 7.1(b),
Section 8.1(b) or Section 8.2(c) through good faith negotiations, at the written request of either Party, the matter shall be submitted to mediation which shall be conducted in accordance with the provisions of Section 14.2(a)
(i) through 14(a)(iii) of the Joint Venture Agreement. 

  
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 (b) Failure of Mediation. 

 

	 	(i)	In the event that the Parties are unable to resolve their dispute through mediation, the matter shall be arbitrated at the request of either Party. The arbitration shall proceed under the Expedited Procedures of the
Commercial Arbitration Rules of the American Arbitration Association. 

  

	 	(ii)	The same person that served as mediator shall also serve as arbitrator and such person shall, when rendering a decision, consider all relevant information provided by the Parties to such person during the mediation
process, whether or not such information is or was deemed confidential. The arbitrator shall conduct no hearings and shall render a decision based upon only the information provided during the mediation process and any further documents submitted by
the Parties. 

  

	 	(iii)	There shall be no production of documents or other information, or other discovery incident to any arbitration proceeding under this Section 3.6(b). 

ARTICLE 4 
 GRADES 

Section 4.1. Grades. 
 (a)
The Company shall produce Qualified PBL in any of the grades specified in Schedules 3.3A through 3.3F as Lafarge may from time to time direct in writing. In the absence of directions from Lafarge to the contrary, the Company shall produce Creamface
and Grayback in equal quantities during any month. 
 (b) Lafarge, in its sole discretion, may from time to time, in consultation with the
Company, direct the Company to produce grades of PBL that are different from the grades set forth in Schedules 3.3A through 3.3F; provided, however, that production of such grades of PBL shall be within the physical capability of Mill #2; and
provided further that, subject to the provisions of Section 8.1(a) regarding temporary changes, any costs or savings attributable solely to such changes in grades, as measured from the economics being achieved by the Company immediately prior
to such changes in Specifications, shall be reasonably reflected in the price of Qualified PBL to be paid by Lafarge under this Agreement. 

(c) In the event that in the exercise of its commercially reasonable judgment the Company determines that production of one or more of the
grades of PBL directed by Lafarge to be produced is not within the physical capability of Mill #2, the Company shall so notify Lafarge in writing. Not more than three (3) days after the date of such written notice, representatives of the
Company and Lafarge shall confer and attempt to agree upon the grade or grades of PBL to be produced by the Company. In the event that the Parties cannot agree upon the grade or grades of PBL to be produced by the Company or cannot agree on any
change in the price of Qualified PBL incident to such change in grade, the dispute shall be resolved in accordance with the procedures set forth in Section 3.6. 

  
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 (d) Specialty Grades. 
  

	 	(i)	In the event that (y) any estimate or forecast supplied by Lafarge to the Company pursuant to Section 5.1 or Section 5.2 of this Agreement indicates that Lafarge’s purchases of any single Specialty
Grade for any future twelve (12) month period will in the aggregate equal or exceed ten percent (10%) of the total amount of Qualified PBL (measured in msf) that Lafarge will purchase from the Company during such twelve (12) month
period, or (z) Lafarge’s actual purchases of any single Specialty Grade in any prior twelve (12) month period in the aggregate equal or exceed ten percent (10%) of the total amount of Qualified PBL (measured in msf) purchased by
Lafarge during such prior twelve (12) month period, a new Benchmark Price reasonably reflecting the cost and economics, as measured from the economics being achieved by the Company immediately prior to production of such Specialty Grade, of
producing such Specialty Grade shall be calculated and set for such Specialty Grade and shall be reflected in Schedule 8.1(a). The foregoing notwithstanding, a Benchmark Price for a Specialty Grade shall be set only once pursuant to this
Section 4.1(d) and shall not be subject to subsequent change or recalculation pursuant to this Section 4.1(d). 

  

	 	(ii)	The Parties shall attempt to agree upon new Benchmark Prices to be determined pursuant to this Section 4.1(d). In the event that the Parties cannot so agree, any such dispute shall be resolved in accordance with
the procedures set forth in Section 3.6. 

  

	 	(iii)	Until such time as a Benchmark Price for a Specialty Grade is set pursuant to this Section 4.1(d), there shall be no Benchmark Price for such Specialty Grade. 

ARTICLE 5 
 FORCASTING AND ORDERS

 Section 5.1. Yearly Forecasts. 

(a) On or before October 15th of each such Fiscal Year while this Agreement shall be in effect, Lafarge shall provide a written statement
to the Company of Lafarge’s estimate of its anticipated Qualified PBL purchases (in mmsf) for the following Fiscal Year detailed by grade, plant, width and month. On or before October 30th in each such Fiscal Year, the Company shall
provide to Lafarge a written statement of the Company’s estimate of its anticipated production of Qualified PBL (in rnmsf) for the following Fiscal Year detailed by grade, width and month. 

(b) If, in the opinion of either Lafarge or the Company, the estimates by the Company and Lafarge provided pursuant to this Article differ in
significant amounts, at the request of either Party the Parties shall promptly meet and attempt to reconcile their differences so that their estimates agree as closely as is practicable. 

  
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 Section 5.2. Quarterly Updates. Not later than five (5) days prior to the first day of
January, April and July in each Fiscal Year during the term of this Agreement, Lafarge shall update its yearly forecasts supplied pursuant to Section 5.1(a) by providing to the Company a written forecast in the same format for the next
succeeding twelve (12) months. Not later than five (5) days after receipt of each of Lafarge’s quarterly forecasts, the Company shall update its yearly forecast supplied pursuant to Section 5.1(a) by providing to Lafarge a
written forecast in the same format for the next succeeding twelve (12) months. 
 Section 5.3. Orders. 

(a) Not later than the fifth (5th) day of each calendar month during the term of
this Agreement following the Ramp-Up Period, Lafarge shall deliver to the Company its purchase order or orders specifying the grade, quantity, shipment date or dates, and destination of the Qualified PBL to be purchased by Lafarge and sold by the
Company during the next succeeding calendar month. Lafarge shall use Commercially Reasonable Efforts to arrange its purchase orders to allow the Company to have production runs for each different grade of PBL for a minimum of five
(5) consecutive days. On or before the fifteenth (15th) day of each calendar month, the Company shall provide to Lafarge a confirmation of Lafarge’s order or orders. The
Company’s confirmation shall state whether the Company anticipates it will be able to fulfill Lafarge’s order or orders for the next succeeding calendar month and shall also state whether the Company expects to produce Qualified PBL in
excess of Lafarge’s order or orders for the next succeeding calendar month. In the event that the Company’s confirmation states that the Company will not be able to fulfill Lafarge’s order or orders for the next succeeding calendar
month or states that it will produce Qualified PBL in excess of Lafarge’s order or orders and the Company’s confirmation does not indicate that such excess has been designated as inventory production, then, on or before the twentieth (20th) day of each calendar month, Lafarge shall provide to the Company one or more revised or additional purchase orders as necessary to conform Lafarge’s order or orders to the Company’s
expected production and, at the Company’s discretion, any inventory as of the end of the preceding month; provided, however, that Lafarge shall not be required to purchase more than a commercially reasonable amount of Qualified PBL from such
inventory in any single calendar month. 
 (b) Notwithstanding the foregoing, nothing in this Article 5 shall reduce or otherwise limit the
Company’s obligation to sell and deliver to Lafarge that amount of Qualified PBL set forth in Section 2.2 or shall reduce or otherwise limit Lafarge’s obligation to purchase and accept from the Company that amount of Qualified PBL set
forth in Section 2.2. 
 (c) Any provision of either Party’s invoices, statements, confirmations, purchase orders,
acknowledgements or other forms of communication which are inconsistent with or in addition to the provisions of this Agreement shall be of no force and effect unless specifically agreed to in writing by the Party to be charged. 

  
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 (d) All purchase orders and confirmations pursuant to this Article shall be in writing and shall
be communicated to the other Party (i) by facsimile; (ii) by an electronic means such as e-mail agreed upon by the Parties; or (iii) by any of the means specified in Section 14.1. 

(e) The Company may produce and maintain reasonable amounts of PBL for inventory purposes and the Company shall be responsible for storing and
maintaining any such inventory at the Lynchberg Facility. 
 ARTICLE 6 

CLAIMS REGARDING QUALITY 

Section 6.1. Non-Conforming PBL. 

(a) In the event that any PBL sold and delivered by the Company to Lafarge pursuant to this Agreement is Non-Conforming PBL, Lafarge shall use
Commercially Reasonable Efforts to determine if such PBL can be utilized in the manufacturing of gypsum wallboard at another Lafarge plant. If such Non-Conforming PBL cannot be so used at another Lafarge plant, Lafarge shall promptly notify the
Company. After such notification, the Company shall direct Lafarge to return such Non-Conforming PBL to the Company or make other disposition thereof. In either event, Lafarge shall receive full credit for the purchase price of such Non-Conforming
PBL and reimbursement or credit for all transportation or shipping charges incurred by Lafarge incident to the delivery and return or other disposition of such Non-Conforming PBL, together with reimbursement or credit for all transportation or
shipping charges, if any, incurred by Lafarge in shipping such Non-Conforming PBL to one or more other Lafarge wallboard plants as part of Lafarge’s efforts to determine if the PBL is Non-Conforming PBL. 

(b) Upon prior notice to Lafarge of a proposed third party buyer, the Company may sell Non-Conforming PBL to such third party; provided that
(i) such Non-Conforming PBL will not be used by or in a Similar Business and provided further that (ii) the Company shall not make any such sale to a Person which Controls a Similar Business unless Lafarge consents to such sale. 

(c) In consultation with the Company, Lafarge shall use Commercially Reasonable Efforts to minimize transportation and shipping charges that
the Company may incur under this Section 6.1, including charges for shipping Non-Conforming PBL to third parties. 
 Section 6.2.
Liability Limited. The Company’s liability for Non-Conforming PBL shall be limited to the purchase price of any Non-Conforming PBL sold and delivered by the Company under the terms of this Agreement and associated transportation or shipping
charges as set forth in Section 6.1; the Company shall not be liable for any indirect, consequential, incidental or punitive damages or expenses (including lost profits or opportunity costs) related to such Non-Conforming PBL. 

  
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 ARTICLE 7 

COST OF COVER 
 Section 7.1.
Cost of Cover. 
 (a) In the event that the Company fails to sell and deliver Qualified PBL in accordance with any order for Qualified PBL
made by Lafarge in accordance with Article 5, as any such order may have been modified in accordance with the last sentence of Section 5.3(a), and Lafarge, in the exercise of its commercially reasonable judgement, determines that its wallboard
manufacturing needs require it to obtain an amount of PBL sufficient to replace some or all of the Qualified PBL that the Company so failed to sell and deliver to Lafarge (“Replacement PBL”), Lafarge shall be entitled to purchase
Replacement PBL from third parties and to recover from the Company its Cost of Cover as defined below. 
 (b) After purchasing Replacement
PBL, Lafarge shall provide written notice to the Company (“Notice of Cover”) indicating the grade, quantity, and price of any Replacement PBL purchased and the Cost of Cover. At the request of the Company, Lafarge shall provide to the
Company copies of any purchase orders, invoices or similar documents generated or received by Lafarge incident to Lafarge’s purchase of Replacement PBL. The Company shall pay to Lafarge its Costs of Cover promptly after receiving a Notice of
Cover. In the event that the Company disputes in good faith whether payment is due under any such Notice of Cover, the Company shall so notify Lafarge in writing and the Company may suspend payment of such Cost of Cover during the pendancy of such
good faith dispute. If the parties are unable to resolve a dispute regarding payment of Cost of Cover, at the written request of either party, the matter shall be resolved in accordance with the procedures set forth in Section 3.6. 

(c) “Cost of Cover” shall mean the positive sum, if any, of: 

 

	 	(i)	the difference, positive or negative, if any, between (y) the actual cost per msf (including all applicable broker and other fees, but not including shipping) paid by Lafarge for the Replacement PBL and
(z) the applicable price per msf as set forth in Schedule 8.1(a) for each particular grade of Replacement PBL purchased multiplied by the number of msf of that grade of Replacement PBL purchased by Lafarge; and 

 

	 	(ii)	the difference, positive or negative, if any, between (y) the actual shipping or transportation charges Lafarge incurred in shipping the Replacement PBL to its plant or plants and (z) the shipping or
transportation charges Lafarge would have incurred if an amount of PBL equal to the amount of Replacement PBL had been shipped to such Lafarge plant or plants from the Company. 

(d) The Cost of Cover shall be determined individually for each grade of PBL purchased by Lafarge. 

(e) Lafarge shall use Commercially Reasonable Efforts to mitigate or otherwise reduce the Cost of Cover, including providing to the Company
the benefit of any rebates or other benefits accruing to Lafarge as a result of purchases effected under this Article 7. 

  
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 ARTICLE 8 

PRICE AND PAYMENT 

Section 8.1. Determination of Price. 

(a) The price for the Qualified PBL sold and delivered by the Company to Lafarge pursuant to this Agreement shall be determined in accordance
with Schedule 8.1(a) as adjusted from time to time as contemplated therein and by Sections 3.3 and 4.1 of this Agreement; provided, however, that such adjustments shall not be made as a result of any temporary change in the Specifications, including
adjustments to basis weight, that may be made in response to temporary difficulties Lafarge may experience in converting PBL into wallboard or temporary difficulties the Company may experience in producing PBL; and provided further that the price of
PBL for any period other than Phase 1 shall not be applicable until the conditions set forth in Section 5.2(a) of the Joint Venture Agreement shall have been fully satisfied and the Phase 2 Conversion has been completed. As used in this
Section 8.1(a), a “temporary change” refers to a change in production not exceeding seven (7) consecutive days. 
 (b)
Promptly after the date of execution of this Agreement, Lafarge shall provide the Company and Rock-Tenn with any proprietary and confidential information that was not previously disclosed to Rock-Tenn and that is necessary for the Company and
Rock-Term to verify the costs reflected in the pricing formulae set forth in Schedule 8.1(a). The Company and Rock-Tenn shall have thirty (30) days from the receipt from Lafarge of such information to review and verify such information, and, if
necessary, to propose adjustments to the Benchmark Prices. In the event that the Lafarge, Rock-Tenn and the Company cannot agree to any adjustment to be made to the Benchmark Prices pursuant to this Section 8.1(b), the dispute shall be resolved
in accordance with the procedures set forth in Section 3.6. 
 (c) All prices are F.O.B. Mill #2. Section 8.2. Terms of Payment.

 (d) The Company shall invoice Lafarge for the PBL sold and delivered to Lafarge upon shipment of the PBL. Such invoices shall be prepared
in accordance with Schedule 8.1(a) and shall be based upon volumes of PBL production targeted in accordance with Sections 5.1 and 5.2. 

(e) Within fifteen (15) days of the end of each month, the Company shall provide an invoice calculated in accordance with the Benchmark
Monthly Adjustment Schedule set forth in Schedule 8.1(a) accounting for any overpayment or underpayment by Lafarge resulting from the invoices generated pursuant to Section 8.2(a). If such invoice indicates an underpayment by Lafarge, Lafarge
shall pay such invoice in accordance with Section 8.2(c). If such invoice indicates an overpayment by Lafarge, the Company shall reflect such overpayment as a credit on the next monthly invoices until the amount of such credit has been fully
utilized by Lafarge. 
 (f) Lafarge shall pay each invoice rendered pursuant to Section 8.2(a) and 8.2(b) within thirty (30) days
and fifteen (15) days, respectively, of receipt of such invoice. An invoice shall be considered paid at the time payment is actually received by the Company. In the event of a dispute with regard to any portion of a payment otherwise due,
Lafarge shall notify the Company in writing, the undisputed portion of such payment shall be paid as provided herein and the disputed portion of such payment shall be paid when such dispute is resolved. If the Parties are unable to resolve a dispute
regarding payment by Lafarge of an invoice for PBL, the matter shall be resolved in accordance with the procedures set forth in Section 3.6. 

  
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 ARTICLE 9 

SHIPPING 
 Section 9.1.
Shipping Arrangements. 
 (a) The Company and Lafarge shall cooperate in making arrangements for shipping the PBL sold and delivered to
Lafarge pursuant to this Agreement to ensure prompt, safe and reliable shipping and delivery of PBL and to minimize shipping or transportation charges paid by Lafarge. Lafarge and the Company shall also cooperate in an effort to maximize shipping
efficiencies that may be available to the Company in conjunction with shipping PBL to Lafarge. 
 (b) Notwithstanding the foregoing, Lafarge
in its sole discretion shall set the qualifications and standards for carriers, shall determine the carriers that will transport PBL from the Company to Lafarge, and shall determine the mode of transportation (rail or truck) and negotiate the rates
charged by those carriers. The Company shall be responsible for scheduling carriers, scheduling loading, setting loading dock hours, and, in conformity with the usual procedures at the Lynchburg Facility, determining whether any particular truck or
rail car should be loaded with PBL, all in conformity with the qualifications and standards established by Lafarge. 
 Section 9.2.
Labeling Requirements. Each roll of PBL shipped to Lafarge shall have attached to it a label containing the following information: 
  

	 	(a)	Jumbo Roll Number; 

  

	 	(b)	Slit Position; 

  

	 	(c)	Grade; 

  

	 	(d)	Date and Shift of Manufacture; 

  

	 	(e)	Roll Weight; 

  

	 	(f)	Width; 

  

	 	(g)	Basis Weight; 

  

	 	(h)	Square Feet; and 

  

	 	(i)	Customer Destination. 

  
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 ARTICLE 10 

FORCE MAJEURE 

Section 10.1. Suspension of Obligations. If as a result of an occurrence which arises from events wholly or in substantial part beyond
the control of either Party, such as fire, explosion, earthquake, storm, flood, drought, unavoidable accident, embargo, war or other hostilities, riot, insurrection, revolution, civil commotion, sabotage, acts of God or the enemies of the United
States of America or of Canada, strike, lockout or other labor disturbance, governmental demand, action, regulation, requirement, interference, prohibition, or restriction, restraint by injunction or other legal process from which the Party
restrained cannot reasonably relieve itself by giving security or other procedure, or any other cause or event beyond the reasonable control of the Party affected (each a “Force Majeure Event”), whether or not of a character hereinabove
specifically set forth, either Party hereto fails in whole or in substantial part to sell and deliver or purchase and accept Qualified PBL when and as provided under this Agreement, then all obligations of both Parties hereto to sell and deliver or
purchase and accept Qualified PBL shall be temporarily suspended; provided, however that such suspension shall be in effect only for the period during which such Force Majeure Event shall be continuing. The Party whose performance is affected by
such Force Majeure Event shall give written notice to the other Party, as promptly as practicable, of the nature, probable duration, and the express cause of such suspension of its performance and shall use due diligence to resume full performance
of its obligations hereunder at the earliest practicable date. If a Force Majeure Event prevents a Party from performing some, but not all of its obligations, such Party shall use Commercially Reasonable Efforts to give priority to its obligations
under this Agreement over those that may be owed to third parties. If a Force Majeure Event prevents either Party from performing any or all of its obligations under this Agreement, then that Party shall advise the other on a regular basis of the
Party’s progress in removing the cause of its inability to perform fully its obligations hereunder. 
 Section 10.2. No Liability
for Damages. Neither Party shall be liable for any damages, direct, indirect or consequential, arising out of any delay in sale and delivery, or failure to sell and deliver or delay in purchase and acceptance or failure to purchase and accept
Qualified PBL if such delay or failure is due to a Force Majeure Event. 
 Section 10.3. Substitute PBL. Upon the occurrence and during
the continuance of a Force Majeure Event that prevents the Company from selling and delivering Qualified PBL to Lafarge, in addition to quantities of PBL Lafarge is otherwise entitled to purchase from third parties, Lafarge shall be entitled to
purchase PBL from one or more third party suppliers in an amount not to exceed that amount of Qualified PBL that the Company fails to sell and deliver as a result of such Force Majeure Event. If the Company’s sale and delivery of Qualified PBL
is prevented by a Force Majeure Event for a period exceeding thirty days after sale and delivery are due, in addition to any other actions set forth herein, Lafarge (a) may cancel any outstanding orders relating to such Qualified PBL by giving
notice to the Company in writing of such 

  
 13 

 
cancellation; and (b) may elect not to purchase and accept the resulting quantities which were not sold and delivered by the Company during the interruption or delay caused by the Force
Majeure Event. 
 ARTICLE 11 

AUDITING PROVISIONS 

Section 11.1. The Company shall keep and maintain adequate books and records of account in accordance with GAAP, consistently applied,
except as otherwise provided in the Operating Agreement, for five (5) years after the close of each fiscal year during the term of this Agreement showing the cost as determined in accordance with this Agreement of production of all PBL sold and
delivered to Lafarge pursuant to this Agreement. Lafarge shall have the right from time to time, during regular business hours, at its own expense, and upon reasonable notice, to inspect the books and records of the Company maintained pursuant to
this Article 11; provided, however, that such right of inspection shall not be exercised more often than once in any six-month period. Such inspections shall be conducted during normal business hours and may be performed by either Lafarge or its
independent representative. 
 ARTICLE 12 

DISPUTE RESOLUTION 

Section 12.1. Except as expressly otherwise provided herein, any dispute arising out of or related to this Agreement shall be resolved in
accordance with the Dispute Resolution Procedures. 
 ARTICLE 13 

TERM AND TERMINATION 

Section 13.1. Term and Option. The term of this Agreement shall commence on the date upon which it is executed by all the parties hereto
and shall terminate at the same time as the Joint Venture; provided, however, that Lafarge or the Company, as the case may be, shall have the right to require the Company to sell, and Lafarge to buy, PBL under the terms and conditions, and to the
extent set forth in Section 13.5 of the Joint Venture Agreement. 
 Section 13.2. Non-Competition and Confidentiality. The Company
agrees to and shall be bound by Section 4.2 of the Joint Venture Agreement on the terms and subject to the conditions set forth in the Joint Venture Agreement. The Company also agrees to and shall be bound by Section 11.5 of the Joint
Venture Agreement as if were a Party as that term is defined therein. 

  
 14 

 ARTICLE 14 

MISCELLANEOUS 
 Section 14.1.
Notices. Except as expressly otherwise provided herein, notices and other communications provided for herein shall be in writing and shall be delivered by hand, courier service, or by overnight mail delivery service as follows: 

To the Company: 
 c/o Rock-Tenn
Company 
 504 Thrasher Street 

Norcross, Georgia 30071 
 Attn:
Chief Financial Officer 
 Fax: 770-263-3582 

With a copy sent to: 
 Rock-Tenn
Company 
 504 Thrasher Street 

Norcross, Georgia 30071 
 Attn:
General Counsel 
 Fax: 770-248-4402 

To Lafarge: 
 Lafarge Corporation

 11130 Sunrise Valley Drive, Suite 100 

Reston, Virginia 20191 
 Attn:
President, Gypsum Division 
 Fax: 703-264-0200 

with a copy sent to: 
 Lafarge
Corporation 
 11130 Sunrise Valley Drive, Suite 100 

Reston, Virginia 20191 
 Attn:
Timothy A. Power, Esquire 
 Fax: 703-264-0632 

or to such other address or attention of such other person as such Party shall advise the other Parties in writing. All notices and other communications given
to the Parties hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

Section 14.2. Applicable Law. The validity, construction, and performance of this Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of law. 

  
 15 

 Section 14.3. No Assignment. 

(a) Except as may otherwise permitted under the Joint Venture Agreement, no Party shall, directly or indirectly, assign this Agreement or any
of its rights or obligations hereunder without the prior written consent of the other Party, except that any Party may assign its rights and obligations under this Agreement to another Person that (i) is Entirely-Controlled by the transferring
Party or (ii) Entirely-Controls the transferring Party or (iii) is under common Entire-Control with the transferring Party. A Party may assign its interests in this Agreement pursuant to this Section 14.3(a) of this Agreement only if
such Party shall have executed and delivered to the other Party a Guarantee, in which such Party shall unconditionally guarantee the performance of its obligations under this Agreement by the Person to whom its interest in this Agreement is being
assigned. 
 (b) Any attempted assignment of this Agreement in violation of this Section shall be void and of no effect. 

(c) This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the Parties and their respective successors and
permitted assigns. 
 Section 14.4. Severability. If any provision of this Agreement shall be held to be illegal, invalid, or
unenforceable, such provision shall be enforced to the maximum extent possible so as to effect the intent of the Parties, and the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or
impaired thereby. If necessary to effect the intent of the Parties, the Parties will negotiate in good faith to amend this Agreement to replace unenforceable language with enforceable language which as closely as possible reflects such intent. 

Section 14.5. Amendments. This Agreement may be modified only by a written amendment signed by all of the Parties. 

Section 14.6. No Waiver. The waiver by a Party of any instance of another Party’s noncompliance with any obligation or
responsibility herein must be in writing and signed by the waiving Party to be effective as a waiver, and shall not be deemed a waiver of any other instances of such other Party’s noncompliance. 

Section 14.7. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement, and shall become effective when one or more counterparts shall have been signed by each Party and delivered to the other Parties. 

Section 14.8. Entire Agreement. The provisions of this Agreement, together with the other Operative Agreements, set forth the entire
agreement and understanding among the Parties as to the subject matter hereof and supersede all prior agreements, oral or written, and all other communications between the Parties relating to the subject matter hereof. 

Section 14.9. Expenses. Except as otherwise provided in this Agreement or any other Operative Agreement, all costs and expenses
(including the fees and expenses of any attorneys, accountants, investment bankers, brokers, finders or other intermediaries) incurred in connection 

  
 16 

 
with this Agreement and the other Operative Agreements and the consummation of the transactions to be consummated on the date hereof shall be paid by the Party incurring such cost or expense.

 Section 14.10. Construction. This Agreement has been negotiated by the Parties and their respective counsel and shall be fairly
interpreted in accordance with its terms and without any strict construction in favor of or against any of the Parties. 

Section 14.11. Publicity. No Party will issue any press release or make any other public announcement relating to the existence of this
Agreement or the transactions contemplated hereby, except that a Party may make any disclosure required to be made under Applicable Law or the rules of the New York Stock Exchange or any other applicable stock exchange if such Party determines in
good faith and on the advice of legal counsel that it is legally required to do so and gives prior written notice to the other Parties. 

Section 14.12. Disclaimer of Agency. Except for provisions herein or in any Operative Agreement expressly authorizing one Party to act
for another, this Agreement shall not constitute any Party as a legal representative or agent of any other Party, nor shall a Party have the right or authority to assume, create, or incur any liability or any obligation of any kind, expressed or
implied, against or in the name of or on behalf of any other Party or the Joint Venture unless otherwise expressly permitted by such Party. 

Section 14.13. No Third Party Beneficiaries. This Agreement is for the sole benefit of the Parties and Rock-Tenn and their permitted
assigns, and nothing herein expressed or implied shall give or be construed to give any Person, other than the Parties and such assigns, any legal or equitable rights hereunder. 

Section 14.14. Liability Limited. In the event that either Party breaches or otherwise violates this agreement, except as specifically
provided in this Agreement to the contrary, the damages recoverable by the non-breaching Party shall be limited to direct damages; indirect, consequential, incidental or punitive damages or expenses (including lost profits or opportunity costs)
shall not be recoverable. 
 Section 14.15. Georgia Pacific Contract. Lafarge’s obligations under this Agreement shall not be
reduced by any obligations Lafarge may have under that certain Paperboard Supply Agreement dated September 16, 1996, between Lafarge and G-P Gypsum Corporation (the “G-P Contract”), and neither the G-P Contract, nor any action,
requirement, prohibition or other restriction arising therefrom, shall constitute a Force Majeure Event. 

  
 17 

 IN WITNESS WHEREOF, SEVEN HILLS PAPERBOARD, LLC and LAFARGE CORPORATION have caused their
respective duly authorized member and officer to execute this Paper Supply Agreement as of the day and year first above written. 
  

			
	SEVEN HILLS PAPERBOARD, LLC
	By:	 	Rock-Tenn Company, Mill Division, Inc.,
		 	a member

 
			
		
	By:	 	 /s/ David C. Nicholson

		
	Name:	 	 David C. Nicholson

		
	Title:	 	 Chief Financial Officer

	
	LAFARGE CORPORATION
		
	By:	 	 /s/ Alain E. Bouruet-Aubertot

		
	Name:	 	 Alain E. Bouruet-Aubertot

		
	Title:	 	 Senior Vice-President

  
 18EX-10.8

 Exhibit 10.8 
  

 
  

CONTINENTAL BUILDING PRODUCTS, INC. 

2014 STOCK INCENTIVE PLAN 

Effective as of [            ], 2014 

 
  

 

 CONTINENTAL BUILDING PRODUCTS, INC. 

2014 STOCK INCENTIVE PLAN 
  

	1.	Purpose 

 The purpose of the Continental Building Products, Inc. 2014 Stock Incentive Plan (the
“Plan”) is to promote and closely align the interests of employees, non-employee directors, consultants and advisors of Continental Building Products, Inc. (the “Company”) and its stockholders by providing stock-based
compensation and other performance-based compensation. The objectives of the Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Participants and to optimize the
profitability and growth of the Company through incentives that are consistent with the Company’s goals and that link the personal interests of Participants to those of the Company’s stockholders. 

The Plan provides for the grant of Options, Stock Appreciation Rights, Restricted Stock Units and Restricted Stock, any of which may be performance-based, and
for Incentive Bonuses, which may be paid in cash or stock or a combination thereof, as determined by the Committee. 
  

	2.	Definitions 

 As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “Affiliate” means any entity in which the Company has a substantial direct or indirect equity interest, as determined by the Committee from time
to time. 
 (b) “Act” means the Securities Exchange Act of 1934, as amended, or any successor thereto. 

(c) “Award” means an Option, Stock Appreciation Right, Restricted Stock Unit, Restricted Stock or Incentive Bonus granted to a Participant pursuant
to the provisions of the Plan, any of which may be subject to performance conditions. 
 (d) “Award Agreement” means a written or electronic
agreement or other instrument as may be approved from time to time by the Committee and designated as such implementing the grant of each Award. An Award Agreement may be in the form of an agreement to be executed by both the Participant and the
Company (or an authorized representative of the Company) or certificates, notices or similar instruments as approved by the Committee and designated as such. 

(e) “Beneficial Owner” shall have the meaning set forth in Rule 13d-3 under the Act. 

(f) “Board” means the board of directors of the Company. 

(g) “Cause” means a Participant’s Termination of Employment by the Company or an Affiliate by reason of the Participant’s
(i) material breach of his obligations under any agreement, including any employment agreement, that he has entered into with the Company or an Affiliate; (ii) intentional misconduct as an officer, employee, director, consultant or advisor
of the Company or a material violation by the Participant of written 

  
 1 

 
policies of the Company; (iii) material breach of any fiduciary duty which the Participant owes to the Company; (iv) commission by the Participant of (A) a felony or
(B) fraud, embezzlement, dishonesty, or a crime involving moral turpitude; (v) the habitual use of illicit drugs or other illicit substances or the addiction to licit drugs or other substances; or (vi) unexplained absence from work or
service for more than ten (10) days in any twelve (12) month period (vacation, reasonable personal leave, reasonable sick leave and disability excepted). A Participant’s employment or service will be deemed to have been terminated for
Cause if it is determined subsequent to his or her termination of employment or service that grounds for termination of his or her employment or service for Cause existed at the time of his or her termination of employment or service. 

(h) “Change in Control” means the occurrence of any one of the following: 

(1) any Person, other than LSF8 Gypsum Holdings, L.P. or its Affiliates, is or becomes the Beneficial Owner, directly or indirectly, of
securities of the Company (not including in the securities beneficially owned by such Person or any securities acquired directly from the Company or its Affiliates) representing 35% or more of the combined voting power of the Company’s then
outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (A) of paragraph 3 below; or 

(2) the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on the
Effective Date (as defined below), constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent
solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders was approved or recommended by a vote of at least a majority of the
directors then still in office who either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended; or 

(3) there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other
corporation, other than (A) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or any parent thereof) at least 50% of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or
consolidation; or 
 (4) the implementation of a plan of complete liquidation or dissolution of the Company or there is consummated an
agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or disposition by the Company of all or substantially all of the Company’s assets to (A) an entity, at least
50% of the combined voting power of the voting securities of which is owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale, or (B) LSF8 Gypsum Holdings, L.P.
or its Affiliates. 

  
 2 

 (i) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and the rulings and
regulations issues thereunder. 
 (j) “Committee” means the Compensation Committee of the Board (or any successor committee), or such other
committee as designated by the Board to administer the Plan under Section 6. 
 (k) “Common Stock” means the common stock of the Company, par
value $0.001 a share, or such other class or kind of shares or other securities as may be applicable under Section 15. 
 (l) “Company” means
Continental Building Products, Inc., a Delaware corporation, and except as utilized in the definition of Change in Control, any successor corporation. 

(m) “Dividend Equivalents” mean an amount payable in cash or Common Stock, as determined by the Committee, with respect to a Restricted Stock Unit
Award equal to what would have been received if the shares underlying the Award had been owned by the Participant. 
 (n) “Effective Date” means
the date on which the Plan takes effect, as defined pursuant to Section 4 of the Plan. 
 (o) “Eligible Person” any employee or non-employee
director the Company or any of its Subsidiaries; provided however that Incentive Stock Options may only be granted to employees. 
 (p) “Fair Market
Value” means as of any date, the value of the Common Stock determined as follows: (i) if the Common Stock is listed on any established stock exchange, system or market, its Fair Market Value shall be the closing price for the Common Stock
as quoted on such exchange, system or market as reported in the Wall Street Journal or such other source as the Committee deems reliable; and (ii) in the absence of an established market for the Common Stock, the Fair Market Value thereof shall
be determined in good faith by the Committee by the reasonable application of a reasonable valuation method, taking into account factors consistent with Treas. Reg. § 409A-1(b)(5)(iv)(B) as the Committee deems appropriate. 

(q) “Incentive Bonus” means a bonus opportunity awarded under Section 11 pursuant to which a Participant may become entitled to receive an
amount based on satisfaction of such performance criteria established for a specified performance period as specified in the Award Agreement. 
 (r)
“Incentive Stock Option” means a stock option that is designated as potentially eligible to qualify as an “incentive stock option” within the meaning of Section 422 of the Code. 

(s) “Nonqualified Stock Option” means a stock option that is not intended to qualify as an “incentive stock option” within the meaning of
Section 422 of the Code. 
 (t) “Option” means a right to purchase a number of shares of Common Stock at such exercise price, at such times
and on such other terms and conditions as are specified in or determined pursuant to an Award Agreement. Options granted pursuant to the Plan may be Incentive Stock Options or Nonqualified Stock Options. 

  
 3 

 (u) “Participant” means any individual described in Section 3 to whom Awards have been granted
from time to time by the Committee and any authorized transferee of such individual. 
 (v) “Person” shall have the meaning given in
Section 3(a)(9) of the Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any of its Affiliates, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any of its Subsidiaries, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities or (iv) a corporation owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of stock of the Company. 
 (w) “Plan” means the Continental Building Products,
Inc. 2014 Stock Incentive Plan as set forth herein and as amended from time to time. 
 (x) “Restricted Stock” means an Award or issuance of
Common Stock the grant, issuance, retention, vesting and/or transferability of which is subject during specified periods of time to such conditions (including continued employment or performance conditions) and terms as the Committee deems
appropriate. 
 (y) “Restricted Stock Unit” means an Award denominated in units of Common Stock under which the issuance of shares of Common Stock
(or cash payment in lieu thereof) is subject to such conditions (including continued employment or performance conditions) and terms as the Committee deems appropriate. 

(z) “Separation from Service” or “Separates from Service” means the termination of Participant’s employment with the Company and all
Subsidiaries that constitutes a “separation from service” within the meaning of Section 409A of the Code. 
 (aa) “Stock Appreciation
Right” means a right granted that entitles the Participant to receive, in cash or Common Stock or a combination thereof, as determined by the Committee, value equal to the excess of (i) the Fair Market Value of a specified number of shares
of Common Stock at the time of exercise over (ii) the exercise price of the right, as established by the Committee on the date of grant. 
 (bb)
“Subsidiary” means any business association (including a corporation or a partnership, other than the Company) in an unbroken chain of such associations beginning with the Company if each of the associations other than the last association
in the unbroken chain owns equity interests (including stock or partnership interests) possessing 50% or more of the total combined voting power of all classes of equity interests in one of the other associations in such chain. 

(cc) “Substitute Awards” means Awards granted or Common Stock issued by the Company in assumption of, or in substitution or exchange for, awards
previously granted, or the right or obligation to make future awards, by a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary combines. 

  
 4 

 (dd) “Termination of Employment” means ceasing to serve as an employee of the Company and its
Subsidiaries or, with respect to a non-employee director or other service provider, ceasing to serve as such for the Company, except that with respect to all or any Awards held by a Participant (i) the Committee may determine that a leave of
absence or employment on a less than full-time basis is considered a “Termination of Employment,” (ii) the Committee may determine that a transition of employment to service with a partnership, joint venture or corporation not meeting
the requirements of a Subsidiary in which the Company or a Subsidiary is a party is not considered a “Termination of Employment,” (iii) service as a member of the Board shall constitute continued employment with respect to Awards
granted to a Participant while he or she served as an employee and (iv) service as an employee of the Company or a Subsidiary shall constitute continued employment with respect to Awards granted to a Participant while he or she served as a
member of the Board or other service provider. The Committee shall determine whether any corporate transaction, such as a sale or spin-off of a division or subsidiary that employs a Participant, shall be deemed to result in a Termination of
Employment with the Company and its Subsidiaries for purposes of any affected Participant’s Awards, and the Committee’s decision shall be final and binding. 
  

	3.	Eligibility 

 Any Eligible Person is eligible to receive an Award. 

 

	4.	Effective Date and Termination of Plan 

 This Plan became effective on
[            , 2014] (the “Effective Date”). The Plan shall remain available for the grant of Awards until the tenth (10th) anniversary of the Effective Date. Notwithstanding
the foregoing, the Plan may be terminated at such earlier time as the Board may determine. Termination of the Plan will not affect the rights and obligations of the Participants and the Company arising under Awards theretofore granted. 

 

	5.	Shares Subject to the Plan and to Awards 

  (a) Aggregate Limits. The aggregate
number of shares of Common Stock issuable under the Plan shall be equal to 5% of the number of shares of Common Stock outstanding immediately prior to the effectiveness of the Company’s Registration Statement on Form S-1 (File
No. 333-193078). The aggregate number of shares of Common Stock available for grant under this Plan and the number of shares of Common Stock subject to Awards outstanding at the time of any event described in Section 15 shall be subject to
adjustment as provided in Section 15. The shares of Common Stock issued pursuant to Awards granted under this Plan may be shares that are authorized and unissued or shares that were reacquired by the Company, including shares purchased in the
open market. 
  (b) Issuance of Shares. For purposes of Section 5(a), the aggregate number of shares of Common Stock issued under this Plan
at any time shall equal only the number of shares of Common Stock actually issued upon exercise or settlement of an Award, and shares of Common Stock subject to Awards that have been canceled, expired, forfeited or otherwise not issued under an
Award and shares of Common Stock subject to Awards 

  
 5 

 
settled in cash shall not count as shares of Common Stock issued under this Plan. The aggregate number of shares available for issuance under this Plan at any time shall not be reduced by
(i) shares subject to Awards that have been terminated, expired unexercised, forfeited or settled in cash, (ii) shares subject to Awards that have been retained or withheld by the Company in payment or satisfaction of the exercise price,
purchase price or tax withholding obligation of an Award, or (iii) shares subject to Awards that otherwise do not result in the issuance of shares in connection with payment or settlement thereof. In addition, shares that have been delivered
(either actually or by attestation) to the Company in payment or satisfaction of the exercise price, purchase price or tax withholding obligation of an Award shall be available for issuance under this Plan. 

(c) Tax Code Limits. The aggregate number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options granted
under this Plan shall be equal to 5% of the number of shares of Common Stock outstanding immediately prior to the effectiveness of the Company’s Registration Statement on Form S-1 (File No. 333-193078), which number shall be calculated and
adjusted pursuant to Section 15 only to the extent that such calculation or adjustment will not affect the status of any option intended to qualify as an Incentive Stock Option under Section 422 of the Code. 

(d) Substitute Awards. Substitute Awards shall not reduce the shares of Common Stock authorized for issuance under the Plan or authorized for grant to
a Participant in any calendar year. Additionally, in the event that a company acquired by the Company or any Subsidiary, or with which the Company or any Subsidiary combines, has shares available under a pre-existing plan approved by stockholders
and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation
ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the
shares of Common Stock authorized for issuance under the Plan; provided that Awards using such available shares shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition
or combination, and shall only be made to individuals who were employees of such acquired or combined company before such acquisition or combination. 
  

	6.	Administration of the Plan 

 (a) Administrator of the Plan. The Plan shall be
administered by the Committee. The Board shall fill vacancies on, and from time to time may remove or add members to, the Committee. The Committee shall act pursuant to a majority vote or unanimous written consent. Any power of the Committee may
also be exercised by the Board, except to the extent that the grant or exercise of such authority would cause any Award or transaction to become subject to (or lose an exemption under) the short-swing profit recovery provisions of
Section 16 of the Securities Exchange Act of 1934 or cause an Award intended to qualify as performance-based compensation under Section 162(m) of the Code not to qualify for such treatment. To the extent that any permitted action taken by
the Board conflicts with action taken by the Committee, the Board action shall 

  
 6 

 
control. To the maximum extent permissible under applicable law, the Committee (or any successor) may by resolution delegate any or all of its authority to one or more subcommittees composed of
one or more directors and/or officers, and any such subcommittee shall be treated as the Committee for all purposes under this Plan. Notwithstanding the foregoing, if the Board or the Committee (or any successor) delegates to a subcommittee
comprised of one or more officers of the Company (who are not also directors) the authority to grant Awards, the resolution so authorizing such subcommittee shall specify the total number of shares of Common Stock such subcommittee may award
pursuant to such delegated authority, and no such subcommittee shall designate any officer serving thereon or any executive officer or non-employee director of the Company as a recipient of any Awards granted under such delegated authority. The
Committee hereby delegates to and designates the senior human resources officer of the Company (or such other officer with similar authority), and to his or her delegates or designees, the authority to assist the Committee in the day-to-day
administration of the Plan and of Awards granted under the Plan, including without limitation those powers set forth in Section 6(b)(4) through (9) and to execute agreements evidencing Awards made under this Plan or other documents entered
into under this Plan on behalf of the Committee or the Company. The Committee may further designate and delegate to one or more additional officers or employees of the Company or any subsidiary, and/or one or more agents, authority to assist the
Committee in any or all aspects of the day-to-day administration of the Plan and/or of Awards granted under the Plan. 
 (b) Powers of Committee.
Subject to the express provisions of this Plan, the Committee shall be authorized and empowered to do all things that it determines to be necessary or appropriate in connection with the administration of this Plan, including, without limitation:

 (1) to prescribe, amend and rescind rules and regulations relating to this Plan and to define terms not otherwise defined herein; 

(2) to determine which persons are Eligible Persons, to which of such Eligible Persons, if any, Awards shall be granted hereunder and the
timing of any such Awards; 
 (3) to prescribe and amend the terms of the Award Agreements, to grant Awards and determine the terms and
conditions thereof; 
 (4) to establish and verify the extent of satisfaction of any performance goals or other conditions applicable to the
grant, issuance, retention, vesting, exercisability or settlement of any Award; 
 (5) to prescribe and amend the terms of or form of any
document or notice required to be delivered to the Company by Participants under this Plan; 
 (6) to determine the extent to which
adjustments are required pursuant to Section 15; 
 (7) to interpret and construe this Plan, any rules and regulations under this Plan
and the terms and conditions of any Award granted hereunder, and to make exceptions to any such provisions if the Committee, in good faith, determines that it is appropriate to do so; 

  
 7 

 (8) to approve corrections in the documentation or administration of any Award; and 

(9) to make all other determinations deemed necessary or advisable for the administration of this Plan. 

Notwithstanding anything in this Plan to the contrary, with respect to any Award that is “deferred compensation” under Section 409A of the
Code, the Committee shall exercise its discretion in a manner that causes such Awards to be compliant with or exempt from the requirements of such Code section. Without limiting the foregoing, unless expressly agreed to in writing by the Participant
holding such Award, the Committee shall not take any action with respect to any Award which constitutes (i) a modification of a stock right within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(B) so as to constitute the grant of a
new stock right, (ii) an extension of a stock right, including the addition of a feature for the deferral of compensation within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(C), or (iii) an impermissible acceleration of a
payment date or a subsequent deferral of a stock right subject to Section 409A of the Code within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E). 

The Committee may, in its sole and absolute discretion, without amendment to the Plan but subject to the limitations otherwise set forth in Section 19,
waive or amend the operation of Plan provisions respecting exercise after termination of employment or service to the Company or an Affiliate. The Committee or any member thereof may, in its sole and absolute discretion and, except as otherwise
provided in Section 19, waive, settle or adjust any of the terms of any Award so as to avoid unanticipated consequences or address unanticipated events (including any temporary closure of an applicable stock exchange, disruption of
communications or natural catastrophe). 
 (c) Determinations by the Committee. All decisions, determinations and interpretations by the Committee
regarding the Plan, any rules and regulations under the Plan and the terms and conditions of or operation of any Award granted hereunder, shall be final and binding on all Participants, beneficiaries, heirs, assigns or other persons holding or
claiming rights under the Plan or any Award. The Committee shall consider such factors as it deems relevant, in its sole and absolute discretion, to making such decisions, determinations and interpretations including, without limitation, the
recommendations or advice of any officer or other employee of the Company and such attorneys, consultants and accountants as it may select. Members of the Board and members of the Committee acting under the Plan shall be fully protected in relying
in good faith upon the advice of counsel and shall incur no liability except for gross negligence or willful misconduct in the performance of their duties. 

(d) Subsidiary Awards. In the case of a grant of an Award to any Participant employed by a Subsidiary, such grant may, if the Committee so directs, be
implemented by the Company issuing any subject shares of Common Stock to the Subsidiary, for such lawful consideration as the Committee may determine, upon the condition or understanding that the Subsidiary will transfer the shares of Common Stock
to the 

  
 8 

 
Participant in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. Notwithstanding any other provision hereof, such Award may be issued by
and in the name of the Subsidiary and shall be deemed granted on such date as the Committee shall determine. 
  

	7.	Plan Awards 

 (a) Terms Set Forth in Award Agreement. Awards may be granted at any time and from
time to time prior to the termination of the Plan to Eligible Persons as determined by the Committee. The terms and conditions of each Award shall be set forth in an Award Agreement in a form approved by the Committee for such Award, which Award
Agreement may contain such terms and conditions as specified from time to time by the Committee, provided such terms and conditions do not conflict with the Plan. The Award Agreement for any Award (other than Restricted Stock awards) shall include
the time or times at or within which and the consideration, if any, for which any shares of Common Stock may be acquired from the Company. The terms of Awards may vary among Participants, and the Plan does not impose upon the Committee any
requirement to make Awards subject to uniform terms. Accordingly, the terms of individual Award Agreements may vary. 
 (b) Separation from Service.
Subject to the express provisions of the Plan, the Committee shall specify before, at, or after the time of grant of an Award the provisions governing the effect(s) upon an Award of a Participant’s Separation from Service. 

(c) Rights of a Stockholder. A Participant shall have no rights as a stockholder with respect to shares of Common Stock covered by an Award (including
voting rights) until the date the Participant becomes the holder of record of such shares of Common Stock. No adjustment shall be made for dividends or other rights for which the record date is prior to such date, except as provided in
Section 10(b) or Section 15 of this Plan or as otherwise provided by the Committee. 
  

	8.	Options 

 (a) Grant, Term and Price. The grant, issuance, retention, vesting
and/or settlement of any Option shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include conditions based on continued employment, passage
of time, attainment of age and/or service requirements, and/or satisfaction of performance conditions. The term of an Option shall in no event be greater than ten years; provided, however, the term of an Option (other than an Incentive Stock Option)
shall be automatically extended if, at the time of its scheduled expiration, the Participant holding such Option is prohibited by law or the Company’s insider trading policy from exercising the Option, which extension shall expire on the
thirtieth (30th) day following the date such prohibition no longer applies. The Committee will establish the price at which Common Stock may be purchased upon exercise of an Option, which, in no event will be less than the Fair Market Value of
such shares on the date of grant; provided, however, that the exercise price per share of Common Stock with respect to an Option that is granted as a Substitute Award may be less than the Fair Market Value of the shares of Common Stock on the date
such Option is granted if such exercise price is based on a 

  
 9 

 
formula set forth in the terms of the options held by such optionees or in the terms of the agreement providing for such merger or other acquisition that satisfies the requirements of
(i) Section 409A of the Code, if such options held by such optionees are not intended to qualify as “incentive stock options” within the meaning of Section 422 of the Code, and (ii) Section 424(a) of the Code, if
such options held by such optionees are intended to qualify as “incentive stock options” within the meaning of Section 422 of the Code. The exercise price of any Option may be paid in cash or such other method as determined by the
Committee, including an irrevocable commitment by a broker to pay over such amount from a sale of the Shares issuable under an Option, the delivery of previously owned shares of Common Stock or withholding of shares of Common Stock deliverable upon
exercise. 
 (b) No Repricing without Stockholder Approval. Other than in connection with a change in the Company’s capitalization (as described
in Section 15), the Committee shall not, without stockholder approval, reduce the exercise price of a previously awarded Option and, at any time when the exercise price of a previously awarded Option is above the Fair Market Value of a share of
Common Stock, the Committee shall not, without stockholder approval, cancel and re-grant or exchange such Option for cash or a new Award with a lower (or no) exercise price. 

(c) No Reload Grants. Options shall not be granted under the Plan in consideration for and shall not be conditioned upon the delivery of shares of
Common Stock to the Company in payment of the exercise price and/or tax withholding obligation under any other employee stock option. 
 (d) Incentive
Stock Options. Notwithstanding anything to the contrary in this Section 8, in the case of the grant of an Option intending to qualify as an Incentive Stock Option, if the Participant owns stock possessing more than 10 percent of the
combined voting power of all classes of stock of the Company (a “10% Stockholder”), the exercise price of such Option must be at least 110 percent of the Fair Market Value of the shares of Common Stock on the date of grant and the Option
must expire within a period of not more than five (5) years from the date of grant. Notwithstanding anything in this Section 8 to the contrary, options designated as Incentive Stock Options shall not be eligible for treatment under the
Code as Incentive Stock Options (and will be deemed to be Nonqualified Stock Options) to the extent that either (a) the aggregate Fair Market Value of shares of Common Stock (determined as of the time of grant) with respect to which
such Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Subsidiary) exceeds $100,000, taking Options into account in the order in which they were granted, or
(b) such Options otherwise remain exercisable but are not exercised within three (3) months (or such other period of time provided in Section 422 of the Code) of separation of service (as determined in accordance with
Section 3401(c) of the Code and the regulations promulgated thereunder). 
 (e) No Stockholder Rights. Participants shall have no voting
rights and will have no rights to receive dividends or Dividend Equivalents in respect of an Option or any shares of Common Stock subject to an Option until the Participant has become the holder of record of such shares. 

  
 10 

	9.	Stock Appreciation Rights 

 (a) General Terms. The grant, issuance, retention, vesting and/or
settlement of any Stock Appreciation Right shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include conditions based on continued
employment, passage of time, attainment of age and/or service requirements, and/or satisfaction of performance conditions. Stock Appreciation Rights may be granted to Participants from time to time either in tandem with or as a component of Options
granted under the Plan (“tandem SARs”) or not in conjunction with other Awards (“freestanding SARs”). Upon exercise of a tandem SAR as to some or all of the shares covered by the grant, the related Option shall be canceled
automatically to the extent of the number of shares covered by such exercise. Conversely, if the related Option is exercised as to some or all of the shares covered by the grant, the related tandem SAR, if any, shall be canceled automatically to the
extent of the number of shares covered by the Option exercise. Any Stock Appreciation Right granted in tandem with an Option may be granted at the same time such Option is granted or at any time thereafter before exercise or expiration of such
Option, provided that the Fair Market Value of Common Stock on the date of the SAR’s grant is not greater than the exercise price of the related Option. All freestanding SARs shall be granted subject to the same terms and conditions applicable
to Options as set forth in Section 8 and all tandem SARs shall have the same exercise price as the Option to which they relate. Subject to the provisions of Section 8 and the immediately preceding sentence, the Committee may impose such
other conditions or restrictions on any Stock Appreciation Right as it shall deem appropriate. Stock Appreciation Rights may be settled in Common Stock, cash, Restricted Stock or a combination thereof, as determined by the Committee and set forth in
the applicable Award Agreement. 
 (b) No Repricing without Stockholder Approval. Other than in connection with a change in the Company’s
capitalization (as described in Section 15), the Committee shall not, without stockholder approval, reduce the exercise price of a previously awarded Stock Appreciation Right and, at any time when the exercise price of a previously awarded
Stock Appreciation Right is above the Fair Market Value of a share of Common Stock, the Committee shall not, without stockholder approval, cancel and re-grant or exchange such Stock Appreciation Right for cash or a new Award with a lower (or no)
exercise price. 
 (c) No Stockholder Rights. Participants shall have no voting rights and will have no rights to receive dividends or Dividend
Equivalents in respect of an Award of Stock Appreciation Rights or any shares of Common Stock subject to an Award of Stock Appreciation Rights until the Participant has become the holder of record of such shares. 

 

	10.	Restricted Stock and Restricted Stock Units 

 (a) Vesting and Performance Criteria. The grant,
issuance, retention, vesting and/or settlement of any Award of Restricted Stock or Restricted Stock Units shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the
Committee, which may include conditions based on continued employment, passage of time, attainment of age and/or service requirements, and /or satisfaction of performance conditions. In addition, the Committee shall have the

  
 11 

 
right to grant Restricted Stock or Restricted Stock Unit Awards as the form of payment for grants or rights earned or due under other stockholder-approved compensation plans or arrangements of
the Company. 
 (b) Dividends and Distributions. Participants in whose name Restricted Stock is granted shall be entitled to receive
all dividends and other distributions paid with respect to those shares of Common Stock, unless determined otherwise by the Committee. The Committee will determine whether any such dividends or distributions will be automatically reinvested in
additional shares of Restricted Stock and/or subject to the same restrictions on transferability as the Restricted Stock with respect to which they were distributed or whether such dividends or distributions will be paid in cash. Shares underlying
Restricted Stock Units shall be entitled to dividends or distributions only to the extent provided by the Committee. Notwithstanding anything herein to the contrary, in no event will dividends or Dividend Equivalents be paid during the performance
period with respect to unearned Awards of Restricted Stock or Restricted Stock Units that are subject to performance-based vesting criteria. Dividends or Dividend Equivalents accrued on such shares shall become payable no earlier than the date the
performance-based vesting criteria have been achieved and the underlying shares or Restricted Stock Units have been earned. 
  

	11.	Incentive Bonuses 

 (a) Performance Criteria. The Committee shall establish the performance
criteria and level of achievement versus these criteria that shall determine the amount payable under an Incentive Bonus, which may include a target, threshold and/or maximum amount payable and any formula for determining such achievement, and which
criteria may be based on performance conditions. 
 (b) Timing and Form of Payment. The Committee shall determine the timing of payment of any
Incentive Bonus. Payment of the amount due under an Incentive Bonus may be made in cash or in Common Stock, as determined by the Committee. 
 (c)
Discretionary Adjustments. Notwithstanding satisfaction of any performance goals and, the amount paid under an Incentive Bonus on account of either financial performance or personal performance evaluations may be adjusted by the Committee on
the basis of such further considerations as the Committee shall determine. 
  

	12.	[Reserved] 

  

	13.	Deferral of Payment 

 The Committee may, in an Award Agreement or otherwise, provide for the deferred
delivery of Common Stock or cash upon settlement, vesting or other events with respect to Restricted Stock Units, or in payment or satisfaction of an Incentive Bonus. Notwithstanding anything herein to the contrary, in no event will any election to
defer the delivery of Common Stock or any other payment with respect to any Award be allowed if the Committee determines, in its sole discretion, that the deferral would result in the imposition of the additional tax under
Section 409A(a)(1)(B) of the Code. No Award shall provide for deferral of compensation that does not comply with Section 409A of the 

  
 12 

 
Code. The Company, the Board and the Committee shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A
of the Code is not so exempt or compliant or for any action taken by the Board or the Committee. 
  

	14.	Conditions and Restrictions Upon Securities Subject to Awards 

 The Committee may provide that the Common
Stock issued upon exercise of an Option or Stock Appreciation Right or otherwise subject to or issued under an Award shall be subject to such further agreements, restrictions, conditions or limitations as the Committee in its discretion may specify
prior to the exercise of such Option or Stock Appreciation Right or the grant, vesting or settlement of such Award, including without limitation, conditions on vesting or transferability, forfeiture or repurchase provisions and method of payment for
the Common Stock issued upon exercise, vesting or settlement of such Award (including the actual or constructive surrender of Common Stock already owned by the Participant) or payment of taxes arising in connection with an Award. Without
limiting the foregoing, such restrictions may address the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any shares of Common Stock issued under an Award, including without limitation
(i) restrictions under an insider trading policy or pursuant to applicable law, (ii) restrictions designed to delay and/or coordinate the timing and manner of sales by the Participant and holders of other Company equity compensation
arrangements, (iii) restrictions as to the use of a specified brokerage firm for such resales or other transfers and (iv) provisions requiring Common Stock be sold on the open market or to the Company in order to satisfy tax withholding or
other obligations. 
  

	15.	Adjustment of and Changes in the Stock 

 (a) The number and kind of shares of Common Stock available for
issuance under this Plan (including under any Awards then outstanding), and the number and kind of shares of Common Stock subject to the limits set forth in Section 5 of this Plan, shall be equitably adjusted by the Committee to reflect any
reorganization, reclassification, combination of shares, stock split, reverse stock split, spin-off, dividend or distribution of securities, property or cash (other than regular, quarterly cash dividends), or any other event or transaction that
affects the number or kind of shares of Common Stock outstanding. Such adjustment may be designed to comply with Section 424 of the Code or may be designed to treat the shares of Common Stock available under the Plan and subject to Awards as if
they were all outstanding on the record date for such event or transaction or to increase the number of such shares of Common Stock to reflect a deemed reinvestment in shares of Common Stock of the amount distributed to the Company’s
securityholders. The terms of any outstanding Award shall also be equitably adjusted by the Committee as to price, number or kind of shares of Common Stock subject to such Award, vesting, and other terms to reflect the foregoing events, which
adjustments need not be uniform as between different Awards or different types of Awards. No fractional shares of Common Stock shall be issued pursuant to such an adjustment. 

(b) In the event there shall be any other change in the number or kind of outstanding shares of Common Stock, or any stock or other securities into which such
Common Stock 

  
 13 

 
shall have been changed, or for which it shall have been exchanged, by reason of a Change in Control, other merger, consolidation or otherwise, then the Committee shall determine the appropriate
and equitable adjustment to be effected, which adjustments need not be uniform between different Awards or different types of Awards. In addition, in the event of such change described in this paragraph, the Committee may accelerate the time or
times at which any Award may be exercised, consistent with and as otherwise permitted under Section 409A of the Code, and may provide for cancellation of such accelerated Awards that are not exercised within a time prescribed by the Committee
in its sole discretion. 
 (c) Unless otherwise expressly provided in the Award Agreement or another contract, including an employment agreement, or under
the terms of a transaction constituting a Change in Control, the Committee may provide that any or all of the following shall occur upon a Participant’s Termination of Employment without Cause within twenty-four (24) months following a
Change in Control: (a) in the case of an Option or Stock Appreciation Right, the Participant shall have the ability to exercise any portion of the Option or Stock Appreciation Right not previously exercisable, (b) in the case of any Award
the vesting of which is in whole or in part subject to performance criteria or an Incentive Bonus, all conditions to the grant, issuance, retention, vesting or transferability of, or any other restrictions applicable to, such Award shall immediately
lapse and the Participant shall have the right to receive a payment based on performance through a date determined by the Committee, and (c) in the case of outstanding Restricted Stock and/or Restricted Stock Units (other than those referenced
in subsection (b)), all conditions to the grant, issuance, retention, vesting or transferability of, or any other restrictions applicable to, such Award shall immediately lapse. Notwithstanding anything herein to the contrary, in the event of a
Change in Control in which the acquiring or surviving company in the transaction does not assume or continue outstanding Awards upon the Change in Control, immediately prior to the Change in Control, all Awards that are not assumed or continued
shall be treated as follows effective immediately prior to the Change in Control: (a) in the case of an Option or Stock Appreciation Right, the Participant shall have the ability to exercise such Option or Stock Appreciation Right, including
any portion of the Option or Stock Appreciation Right not previously exercisable, (b) in the case of any Award the vesting of which is in whole or in part subject to performance criteria or an Incentive Bonus, all conditions to the grant,
issuance, retention, vesting or transferability of, or any other restrictions applicable to, such Award shall immediately lapse and the Participant shall have the right to receive a payment based on performance through a date determined by the
Committee, and (c) in the case of outstanding Restricted Stock and/or Restricted Stock Units (other than those referenced in subsection (b)), all conditions to the grant, issuance, retention, vesting or transferability of, or any other
restrictions applicable to, such Award shall immediately lapse. In no event shall any action be taken pursuant to this Section 15(c) that would change the payment or settlement date of an Award in a manner that would result in the imposition of
any additional taxes or penalties pursuant to Section 409A of the Code. 
 (d) Notwithstanding anything in this Section 15 to the contrary, in the
event of a Change in Control, the Committee may provide for the cancelation and cash settlement of all outstanding Awards upon such Change in Control. 

  
 14 

 (e) The Company shall notify Participants holding Awards subject to any adjustments pursuant to this
Section 15 of such adjustment, but (whether or not notice is given) such adjustment shall be effective and binding for all purposes of the Plan. 
 (f)
Notwithstanding anything in this Section 15 to the contrary, an adjustment to an Option or Stock Appreciation Right under this Section 15 shall be made in a manner that will not result in the grant of a new Option or Stock Appreciation
Right under Section 409A of the Code. 
  

	16.	Transferability 

 Each Award may not be sold, transferred for value, pledged, assigned, or otherwise
alienated or hypothecated by a Participant other than by will or the laws of descent and distribution, and each Option or Stock Appreciation Right shall be exercisable only by the Participant during his or her lifetime. Notwithstanding the
foregoing, outstanding Options may be exercised following the Participant’s death by the Participant’s beneficiaries or as permitted by the Committee. 
  

	17.	Compliance with Laws and Regulations 

 This Plan, the grant, issuance, vesting, exercise and settlement
of Awards thereunder, and the obligation of the Company to sell, issue or deliver shares of Common Stock under such Awards, shall be subject to all applicable foreign, federal, state and local laws, rules and regulations, stock exchange rules and
regulations, and to such approvals by any governmental or regulatory agency as may be required. The Company shall not be required to register in a Participant’s name or deliver Common Stock prior to the completion of any registration or
qualification of such shares under any foreign, federal, state or local law or any ruling or regulation of any government body which the Committee shall determine to be necessary or advisable. To the extent the Company is unable to or the Committee
deems it infeasible to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares of Common Stock hereunder, the Company and
its Subsidiaries shall be relieved of any liability with respect to the failure to issue or sell such shares of Common Stock as to which such requisite authority shall not have been obtained. No Option shall be exercisable and no Common Stock shall
be issued and/or transferable under any other Award unless a registration statement with respect to the Common Stock underlying such Option is effective and current or the Company has determined that such registration is unnecessary. 

In the event an Award is granted to or held by a Participant who is employed or providing services outside the United States, the Committee may, in its sole
discretion, modify the provisions of the Plan or of such Award as they pertain to such individual to comply with applicable foreign law or to recognize differences in local law, currency or tax policy. The Committee may also impose conditions on the
grant, issuance, exercise, vesting, settlement or retention of Awards in order to comply with such foreign law and/or to minimize the Company’s obligations with respect to tax equalization for Participants employed outside their home country.

  
 15 

	18.	Withholding 

 To the extent required by applicable federal, state, local or foreign law, the Committee
may and/or a Participant shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise with respect to any Award, or the issuance or sale of any shares of Common Stock. The Company shall not
be required to recognize any Participant rights under an Award, to issue shares of Common Stock or to recognize the disposition of such shares of Common Stock until such obligations are satisfied. To the extent permitted or required by the
Committee, these obligations may or shall be satisfied by the Company withholding cash from any compensation otherwise payable to or for the benefit of a Participant, the Company withholding a portion of the shares of Common Stock that otherwise
would be issued to a Participant under such Award or any other award held by the Participant or by the Participant tendering to the Company cash or, if allowed by the Committee, shares of Common Stock. 

 

	19.	Amendment of the Plan or Awards 

 The Board may amend, alter or discontinue this Plan and the Committee
may amend, or alter any agreement or other document evidencing an Award made under this Plan but, except as provided pursuant to the provisions of Section 15, no such amendment shall, without the approval of the stockholders of the Company:

 (a) increase the maximum number of shares of Common Stock for which Awards may be granted under this Plan; 

(b) reduce the price at which Options may be granted below the price provided for in Section 8(a); 

(c) reprice outstanding Options or SARs as described in 8(b) and 9(b); 

(d) extend the term of this Plan; 
 (e) change the class of
persons eligible to be Participants; 
 (f) increase the individual maximum limits in Section 5(c); or 

(g) otherwise amend the Plan in any manner requiring stockholder approval by law or the rules of any stock exchange or market or quotation system on which the
Common Stock is traded, listed or quoted. 
 No amendment or alteration to the Plan or an Award or Award Agreement shall be made which would impair the
rights of the holder of an Award, without such holder’s consent, provided that no such consent shall be required if the Committee determines in its sole discretion and prior to the date of any Change in Control that such amendment or alteration
either (i) is required or advisable in order for the Company, the Plan or the Award to satisfy any law or regulation or to meet the requirements of or avoid adverse financial accounting consequences under any accounting standard, or
(ii) is not reasonably likely to significantly diminish the benefits provided under such Award, or that any such diminishment has been adequately compensated. 

  
 16 

	20.	No Liability of Company 

 The Company, any Subsidiary or Affiliate which is in existence or hereafter
comes into existence, the Board and the Committee shall not be liable to a Participant or any other person as to: (a) the non-issuance or sale of shares of Common Stock as to which the Company has been unable to obtain from any regulatory body
having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares of Common Stock hereunder; and (b) any tax consequence expected, but not realized, by any Participant or other
person due to the receipt, exercise or settlement of any Award granted hereunder. 
  

	21.	Non-Exclusivity of Plan 

 Neither the adoption of this Plan by the Board nor the submission of this Plan
to the stockholders of the Company for approval shall be construed as creating any limitations on the power of the Board or the Committee to adopt such other incentive arrangements as either may deem desirable, including without limitation, the
granting of Restricted Stock or stock options otherwise than under this Plan or an arrangement not intended to qualify under Code Section 162(m), and such arrangements may be either generally applicable or applicable only in specific cases.

  

	22.	Governing Law 

 This Plan and any agreements or other documents hereunder shall be interpreted and
construed in accordance with the laws of the State of Delaware and applicable federal law. Any reference in this Plan or in the agreement or other document evidencing any Awards to a provision of law or to a rule or regulation shall be deemed to
include any successor law, rule or regulation of similar effect or applicability. 
  

	23.	No Right to Employment, Reelection or Continued Service 

 Nothing in this Plan or an Award Agreement
shall interfere with or limit in any way the right of the Company, its Subsidiaries and/or its Affiliates to terminate any Participant’s employment, service on the Board or service for the Company at any time or for any reason not prohibited by
law, nor shall this Plan or an Award itself confer upon any Participant any right to continue his or her employment or service for any specified period of time. Neither an Award nor any benefits arising under this Plan shall constitute an employment
contract with the Company, any Subsidiary and/or its Affiliates. Subject to Sections 4 and 19, this Plan and the benefits hereunder may be terminated at any time in the sole and exclusive discretion of the Board without giving rise to any
liability on the part of the Company, its Subsidiaries and/or its Affiliates. 
  

	24.	Specified Employee Delay 

 To the extent any payment under this Plan is considered deferred compensation
subject to the restrictions contained in Section 409A of the Code, such payment may not be made to a specified employee (as determined in accordance with a uniform policy adopted by the Company with respect to all arrangements subject to
Section 409A of the Code) upon Separation from Service before the date that is six months after the specified employee’s 

  
 17 

 
Separation form Service (or, if earlier, the specified employee’s death). Any payment that would otherwise be made during this period of delay shall be accumulated and paid on the sixth
month plus one day following the specified employee’s Separation from Service (or, if earlier, as soon as administratively practicable after the specified employee’s death). 

 

	25.	No Liability of Committee Members 

 No member of the Committee shall be personally liable by reason of
any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee
and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability
(including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person’s own fraud or willful bad faith; provided, however, that approval of the Board shall be
required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the
Company’s Articles of Incorporation or By-laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
  

	26.	Severability 

 If any provision of the Plan or any Award is or becomes or is deemed to be invalid,
illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable
laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder
of the Plan and any such Award shall remain in full force and effect. 
  

	27.	Unfunded Plan 

 The Plan is intended to be an unfunded plan. Participants are and shall at all times be
general creditors of the Company with respect to their Awards. If the Committee or the Company chooses to set aside funds in a trust or otherwise for the payment of Awards under the Plan, such funds shall at all times be subject to the claims of the
creditors of the Company in the event of its bankruptcy or insolvency. 

  
 18

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