Document:

Form of Stockholders Agreement

 Exhibit 10.16 
 FORM OF 
 STOCKHOLDERS AGREEMENT 

by and among 
 RESTORATION HARDWARE HOLDINGS, INC., 
 and 

HOME HOLDINGS, LLC 
  

 
 Dated as of
                , 2012 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 Article I. DEFINITIONS; RULES OF CONSTRUCTION
	  	 	1	  
			
	 SECTION 1.01.
	 	 Definitions
	  	 	1	  
	 SECTION 1.02.
	 	 Rules of Construction
	  	 	3	  
		
	 Article II. REPRESENTATIONS AND WARRANTIES
	  	 	4	  
			
	 SECTION 2.01.
	 	 Authority; Enforceability
	  	 	4	  
	 SECTION 2.02.
	 	 Consent
	  	 	4	  
		
	 Article III. BOARD OF DIRECTORS
	  	 	4	  
			
	 SECTION 3.01.
	 	 Sponsor Designees
	  	 	5	  
	 SECTION 3.02.
	 	 Sponsor Designee Approval Required for Board Action
	  	 	5	  
	 SECTION 3.03.
	 	 Other Corporate Governance Matters
	  	 	6	  
		
	 Article IV. SPONSOR VETO RIGHTS
	  	 	7	  
			
	 SECTION 4.01.
	 	 Sponsor Veto Rights
	  	 	7	  
		
	 Article V. MISCELLANEOUS
	  	 	9	  
			
	 SECTION 5.01.
	 	 Notices
	  	 	9	  
	 SECTION 5.02.
	 	 Binding Effect; Benefits
	  	 	10	  
	 SECTION 5.03.
	 	 Share Ownership
	  	 	10	  
	 SECTION 5.04.
	 	 Amendment
	  	 	10	  
	 SECTION 5.05.
	 	 Assignability
	  	 	11	  
	 SECTION 5.06.
	 	 Governing Law; Submission to Jurisdiction
	  	 	11	  
	 SECTION 5.07.
	 	 Enforcement
	  	 	11	  
	 SECTION 5.08.
	 	 Severability
	  	 	11	  
	 SECTION 5.09.
	 	 Additional Securities Subject to Agreement
	  	 	11	  
	 SECTION 5.10.
	 	 Section and Other Headings
	  	 	11	  
	 SECTION 5.11.
	 	 Counterparts
	  	 	11	  
	 SECTION 5.12.
	 	 Waiver of Jury Trial
	  	 	12	  
	 SECTION 5.13.
	 	 Entire Agreement
	  	 	12	  
	 SECTION 5.14.
	 	 Termination of Agreement
	  	 	12	  

  
 i 

 STOCKHOLDERS AGREEMENT 

THIS STOCKHOLDERS AGREEMENT (this “Agreement”), dated as of
                , 2012 (the “Effective Date”), is by and among Restoration Hardware Holdings, Inc., a Delaware corporation (the
“Company”) and Home Holdings, LLC, a Delaware limited liability company (“HH” or the “Sponsor”). 
 ARTICLE I. 
 DEFINITIONS; RULES OF CONSTRUCTION 

SECTION 1.01. Definitions. The following terms, as used herein, have the following meanings: 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling, controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. No Person shall be deemed to be an
Affiliate of another Person solely by virtue of the fact that both Persons own shares of the Capital Stock of the Company. 

“Agreement” has the meaning set forth in the preamble. 

“Board” means the Board of Directors of the Company. 

“Capital Stock” means, with respect to any Person, any and all shares, interests, participations, rights in or other
equivalents (however designated) of such Person’s capital stock, and any rights, warrants or options exercisable or exchangeable for or convertible into such capital stock. 

“Change of Control” means (a) the consummation of any transaction as a result of which any Person other than the
Sponsor, or any Related Person of the Sponsor, acquires directly or indirectly more than 50% of the Capital Stock of the Company, including, without limitation, through a merger or consolidation or purchase of the Capital Stock of the Company or
(b) the sale, lease, conveyance, disposition, in one or a series of related transactions other than a merger or consolidation, of all or substantially all of the assets of the Company taken as a whole to any Person or group of Related Persons.

 “Common Stock” means the Common Stock, par value $0.0001 per share, of the Company. 

“Company” has the meaning set forth in the preamble. 

“Director” means a member of the Board. 

  
 1 

 “Director Veto Lapse Date” means the date on which the Sponsor no longer
owns a majority of the Voting Power of all of the outstanding shares of Common Stock. 
 “Existing Debt” means
indebtedness under that certain Ninth Amended And Restated Credit Agreement, dated as of August 3, 2011 (as amended, restated, supplemented or otherwise modified from time to time), among Restoration Hardware, as a borrower, Restoration
Hardware Canada, Inc., as a borrower, the other borrowers and guarantors from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and collateral agent (the “Existing
Facility”) and debt incurred to refinance the Existing Facility, provided that (x) the maximum amount that can be borrowed under such refinanced debt is not higher than the maximum amount that can be borrowed under the Existing
Facility (including through the exercise of any commitment increase provisions) and (y) the terms of such refinanced debt is not materially less favorable to the Company and its subsidiaries, taken as a whole, than the Existing Facility.

 “Effective Date” has the meaning set forth in the preamble. 

“Material Subsidiary” means each “Significant Subsidiary” of the Company, as defined in Rule 1–02 of
Regulation S–X promulgated under the 1933 Act. 
 “Person” means an individual, a corporation, a general
or limited partnership, a limited liability company, a joint stock company, an association, a trust or any other entity or organization, including a government, a political subdivision or an agency or instrumentality thereof. 

“Related Person” means, with respect to any Person, (a) an Affiliate of such Person, (b) any investment
manager, investment advisor or general partner of such Person, (c) any investment fund, investment account or investment entity whose investment manager, investment advisor or general partner is such Person or a Related Person of such Person,
and (d) any equity investor, partner, member or manager of such Person; provided, that no Person shall be deemed an Affiliate of another Person solely by virtue of the fact that both Persons own shares of the Capital Stock of the
Company. 
 “Restoration Hardware” means Restoration Hardware, Inc., a wholly owned subsidiary of the Company.

 “Required Designees” has the meaning set forth in Section 3.01(c). 

“Securities Act” means the Securities Act of 1933. 

“Significant Action” has the meaning set forth in Section 4.01. 

“Sponsor” has the meaning set forth in the preamble. 

“Sponsor Designees” has the meaning set forth in Section 3.01(a). 

“Transfer” means the direct or indirect offer, sale, lease, license, donation, assignment (as collateral or otherwise),
mortgage, pledge, grant, hypothecation, encumbrance, 

  
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gift, bequest or transfer or disposition of any interest (legal or beneficial) in any security (including transfer by reorganization, merger, sale of substantially all of the assets or by
operation of law). 
 “Veto Lapse Date” means the date on which the Sponsor no longer owns at least 30% of the
Voting Power of all of the outstanding shares of Common Stock. 
 “Voting Power” means the total number of
votes associated with all shares of Common Stock of the Company calculated in the same manner as the number of shares of common stock set forth on the cover page of the most recently filed periodic report filed with the Securities and Exchange
Commission, that are entitled to vote generally in the election of Directors; provided, however, that with respect to any share of Common Stock, not more than one vote per share shall be counted. 

SECTION 1.02. Rules of Construction. Any provision of this Agreement that refers to the words “include,”
“includes” or “including” shall be deemed to be followed by the words “without limitation.” References to “dollars” or “$” shall mean dollars in lawful currency of
the United States of America. References to numbered or letter articles, sections and subsections refer to articles, sections and subsections, respectively, of this Agreement unless expressly stated otherwise. References to a Section or paragraph
shall be to a Section or paragraph of this Agreement unless otherwise indicated. The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to
this Agreement as a whole and not to any particular provision of this Agreement. The word “or” when used in this Agreement is not exclusive. Any agreement, instrument, law or statute defined or referred to herein or in any agreement
or instrument that is referred to herein means such agreement, instrument, or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by
succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein. References to a Person are also to its permitted successors and assigns. In the event that any claim is made by any Person
relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular Person or its counsel.

 ARTICLE II. 
 REPRESENTATIONS AND WARRANTIES 
 Each of the parties hereby severally
represents and warrants, severally and not jointly, to each of the other parties as follows: 
 SECTION 2.01. Authority;
Enforceability. Such party (a) has the legal capacity or organizational power and authority to execute, deliver and perform its obligations under this Agreement and (b) is duly organized and validly existing and in good standing under
the laws of its jurisdiction of organization. This Agreement has been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party, enforceable against it in accordance with the terms of this
Agreement, subject to applicable bankruptcy, insolvency, 

  
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reorganization, moratorium and other laws affecting the rights of creditors generally and to the exercise of judicial discretion in accordance with general principles of equity (whether applied
by a court of law or of equity). 
 SECTION 2.02. Consent. No consent, waiver, approval, authorization, exemption,
registration, license or declaration is required to be made or obtained by such party, other than those that have been made or obtained on or prior to the date hereof, in connection with (a) the execution or delivery of this Agreement or
(b) the consummation of any of the transactions contemplated hereby. 
 ARTICLE III. 

BOARD OF DIRECTORS 
 SECTION 3.01. Sponsor Designees. 
 (a) From the Effective Date until the
Director Veto Lapse Date, the Sponsor shall have the right, but not the obligation, to nominate to the Board a majority of the members of the Board of Directors (such nominees, the “Sponsor Designees”). As of the date of this
Agreement, Sponsor intends to nominate two Sponsor Nominees, which shall be the Required Designees. From the Director Veto Lapse Date until the Veto Lapse Date, the Sponsor shall have the right, but not the obligation, to nominate to the Board two
Sponsor Designees. Additionally, from the Effective Date until the Veto Lapse Date, the Sponsor may appoint two observers (the “Observers”) to the Board. 
 (b) At any time at which the Sponsor has nominated less than the total number of Sponsor Designees the Sponsor is entitled to nominate pursuant to this Section 3.01, the Sponsor shall have the
right, at any time, to nominate such additional number of Sponsor Designees to which it is entitled, in which case the Company shall take all necessary action to (i) increase the size of the Board as required to enable such Sponsor to so
nominate such additional Sponsor Designees and (ii) designate such additional Sponsor Designees nominated by the Sponsor to fill such newly–created vacancy or vacancies, as applicable. 

(c) The Sponsor shall designate one Sponsor Designee as the CP Designee and one Sponsor Designee as the T3 Designee (together, the
“Required Designees”). The initial CP Designee shall be J. Michael Chu and the initial T3 Designee shall be William Forrest. 
 (d) The Observers shall be entitled to attend all meetings of the Board of Directors or any committee thereof, and also shall be entitled to receive concurrently with the Directors notice of Board and
Committee meetings and all minutes, consents and other materials provided to any Director in his or her capacity as a Director. Notwithstanding the foregoing, the Company will have the right, in its sole discretion, to exclude the Observers from
access to any Board of Directors meeting or material, or portion thereof, if the Board of Directors determines in good faith, based on the advice of Company counsel, that the exclusion is necessary in order to preserve the attorney-client privilege.
In the event that any Observer is excluded from access to any portion of a meeting, the Company will supply the Observer with a summary of the content of that portion of the meeting in detail sufficient to provide the Observer with a general

  
 4 

 
understanding of the purposes of the discussion, provided that such a summary does not waive the attorney-client privilege. In addition, the Company will have the right, in its sole discretion,
to exclude the Observers from access to any meeting of the Audit Committee of the Board for any reason whatsoever, in the sole discretion of the Audit Committee, and Observers shall not have a right to a summary of the content of such meetings.

 SECTION 3.02. Sponsor Designee Approval Required for Board Action. 

(a) From the Effective Date until the Director Veto Lapse Date, no action or vote taken or approved by the Board or any committee
thereof, or the board of directors of any subsidiary of the Company or any committee thereof, shall be valid unless approved by both Required Designees; provided, however, that the foregoing shall not apply to actions or votes taken or
approved by the Audit Committee of the Company or any other Committee created with the consent of the Sponsor as being exempt from this requirement. 
 (b) From the Effective Date until the Director Veto Lapse Date, without the prior consent of both Required Designees, the Board of Directors of the Company may not delegate any authority to the Audit
Committee beyond the authority granted to the Audit Committee in its charter in the form attached hereto as Exhibit A, or as may be required by applicable law, regulation or New York Stock Exchange rule. 

(c) The Company and the Holders shall take all necessary and desirable actions to cause the certificate of incorporation of the Company
and each of the Company’s subsidiaries to reflect the provisions of Sections 3.02(a) and (b) until the Director Veto Lapse Date occurs. 
 SECTION 3.03. Other Corporate Governance Matters. 
 (a) The Company shall
pay all reasonable out-of-pocket expenses incurred by the Directors and the Observers in connection with their participation in meetings of the Board and committees thereof and the board of directors and committees of subsidiaries of the Company.

 (b) The board of directors of each subsidiary of the Company shall, at any given time, be comprised in a manner reasonably
acceptable to the Sponsor, unless the Sponsor shall require the board of directors of any such subsidiary to be comprised in the same manner as the Board. 
 (c) The Company shall to the maximum extent permitted under applicable law, indemnify and provide for the advancement of expenses to each Director and Observer, from and against any and all losses which
may be imposed on, incurred by, or asserted against such Director or Observer in any way relating to or arising out of, or alleged to relate to or arise out of, the Director’s and Observer’s service in that capacity. Further, the Directors
and Observers shall be covered by the directors’ and officers’ liability insurance and fiduciary liability insurance carried by the Company in an amount reasonably acceptable to the Sponsor. 

(d) Each of the parties hereto acknowledges that the Sponsor, its Affiliates and any of its Affiliates’ related investment funds and
portfolio companies may review the 

  
 5 

 
business plans and related proprietary information of any enterprise, including any enterprise which may have products or services which compete directly or indirectly with those of the Company,
and may trade in the securities of such enterprise. Nothing in this Agreement shall preclude or in any way restrict the Sponsor, its Affiliates and any of its Affiliates’ related investment funds and portfolio companies from investing or
participating in any particular enterprise, or trading in the securities thereof whether or not such enterprise has products or services that compete with those of the Company. Notwithstanding anything to the contrary herein, the Company and
the Holders expressly acknowledge and agree that: (a) the Sponsor, members of the Board designated by the Sponsor, and managers, officers, directors, members, partners, Affiliates and any related investment funds or portfolio companies of
Affiliates of the Sponsor (other than the Company and its subsidiaries) (each, a “Sponsor Party”) have the right to, and shall have no duty (contractual or otherwise) not to, directly or indirectly, engage in the same or similar
business activities or lines of business as the Company or any of its Affiliates or subsidiaries; and (b) in the event that any Sponsor Party acquires knowledge of a potential transaction or matter that may be a corporate opportunity for any of
the Company, its Affiliates or any of its subsidiaries, such Sponsor Party shall have no duty (contractual or otherwise) to communicate or present such corporate opportunity to the Company, its Affiliates or any of its subsidiaries, as the case may
be, and, notwithstanding any provision of this Agreement to the contrary, shall not be liable to the Company, any of its Affiliates, any of its subsidiaries or any other stockholders for breach of any duty (contractual or otherwise) by reason of the
fact that any Sponsor Party, directly or indirectly, pursues or acquires such opportunity for itself, directs such opportunity to another Person, or does not present such opportunity to the Company, its Affiliates or any of its subsidiaries.

 ARTICLE IV. 
 SPONSOR VETO RIGHTS 
 SECTION 4.01. Sponsor Veto Rights. From the
Effective Date until the Veto Lapse Date, neither the Company nor any of its subsidiaries shall take, or be permitted to take, any of the following actions, whether as a single transaction or a series of related transactions (each, a
“Significant Action”) without the written approval of the Sponsor: 
 (a) a Change of Control or the merger or
consolidation of the Company or any of its subsidiaries, or any entry into any agreement to effect or publicly endorsing a Change of Control or the merger or consolidation of the Company or any of its subsidiaries; 

(b) (i) entering into any joint venture, investment, recapitalization, reorganization or contract with any other Person, (ii) the
acquisition of any securities or assets of another Person (other than inventory acquired in the ordinary course of business), or (iii) the exercise of any ownership rights in respect of any of the foregoing in this Section 4.01(b);

 (c) any Transfer of a material amount of assets of the Company or any of its subsidiaries in any transaction or series of
related transactions, other than inventory sold in the ordinary course of business; 

  
 6 

 (d) the issuance of any Capital Stock of the Company or of any subsidiary of the Company,
other than issuances upon: (i) the exercise of any warrants, options, rights or securities convertible into, exchangeable for or exercisable for, shares of Capital Stock of the Company previously approved by the Sponsor or previously approved
pursuant to clause 4.01(d)(ii) hereof; and (ii) the grant of any equity award issued to an officer, director, employee or consultant of the Company pursuant to a management incentive plan, employment agreement or other arrangement
approved by the Board or a duly authorized committee thereof prior to the Effective Date; 
 (e) the filing of any registration
statement by the Company or its subsidiaries, or the commencement of any public offering by the Company or its subsidiaries, other than the filing of registration statements on Form S-8 in respect of equity awards issued to an officer, director,
employee or consultant of the Company pursuant to a management incentive plan, employment agreement or other arrangement approved by the Board or a duly authorized committee thereof prior to the Effective Date; 

(f) the guarantee, assumption, incurrence or refinancing of indebtedness for borrowed money by the Company or any of its subsidiaries
(including indebtedness of any other Person existing at the time such other Person merged with or into or became a subsidiary of, or substantially all of its business and assets were acquired by, the Company or such subsidiary, and indebtedness
secured by a lien encumbering any asset acquired by the Company or any such subsidiary and including debt securities) or the pledge of, or granting of a security interest in, any of the assets of the Company or any of its subsidiaries other than the
Existing Debt (other than trade indebtedness incurred in the ordinary course of business by the Company and its subsidiaries); 

(g) entering into or amending any direct or indirect transactions after the date of this Agreement between the Company or any subsidiary
of the Company, on the one hand, and (i) any of the stockholders of the Company or Affiliates or Related Persons of any of the stockholders of the Company, (ii) any Affiliate of the Company or any subsidiary of the Company (including, for
purposes hereof, Hierarchy, LLC) or (iii) any officer, director, employee or consultant of the Company or any subsidiary of the Company (other than compensation arrangements approved by the Board or Compensation Committee or otherwise in the
ordinary course of business as part of travel advances, relocation advances, reasonable out-of-pocket expenses or other amounts in accordance with Company policies approved by the Board incurred by officers, directors, employees or consultants of
the Company, on the other hand (including the purchase, sale, lease or exchange of any property, or rendering of any service or modification or amendment of any existing agreement or arrangement); 

(h) the adoption of a “poison pill” or other material defensive mechanisms not in place as of the Effective Date; 

(i) any payment or declaration of or setting aside of any sums or other property for the payment of dividends on any Capital Stock of the
Company or making of any other distributions in respect of (including by merger or otherwise) any shares of Capital Stock of the Company or any warrants, options, rights or securities convertible into, exchangeable for or exercisable for, shares of
Capital Stock of the Company; 

  
 7 

 (j) any redemption, repurchase or other acquisition (including by merger or otherwise) any
shares of Capital Stock or any warrants, options, rights or securities convertible into, exchangeable for or exercisable for, shares of Capital Stock of the Company, or redemption or purchase or other acquisition or payment with respect to any share
appreciation rights or phantom share plans (other than repurchases of shares of Capital Stock from employees upon termination of employment pursuant to terms of equity grants) or any re-pricing of equity awards; 

(k) any amendment of the certificate of incorporation or bylaws of the Company, or the terms of the Common Stock; 

(l) creation any new class or series of shares of Capital Stock having rights, preferences or privileges senior to or on a parity with
the Common Stock; 
 (m) the creation of any committees of the Board or the board of any subsidiaries, or delegation of
authority to a committee, except as set forth in committee charters adopted as of the Effective Date; 
 (n) the commencement of
any liquidation, dissolution or voluntary bankruptcy, administration, recapitalization or reorganization of the Company or any of its subsidiaries in any form of transaction, making arrangements with creditors, or consenting to the entry of an order
for relief in any involuntary case, or taking the conversion of an involuntary case to a voluntary case, or consenting to the appointment or taking possession by a receiver, trustee or other custodian for all or substantially all of its property, or
otherwise seeking the protection of any applicable bankruptcy or insolvency law, other than any such actions with respect to a non–Material Subsidiary where, in the good faith judgment of the Board, the maintenance or preservation of such
subsidiary is no longer desirable in the conduct of the business of the Company or any of its Material Subsidiaries; and 
 (o)
the entering into of any agreement to do any of the foregoing. 
 ARTICLE V. 

MISCELLANEOUS 
 SECTION 5.01. Notices. Except as otherwise specified herein, all notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered or certified
mail, return receipt requested, postage prepaid or otherwise delivered by hand, messenger, facsimile transmission or electronic mail and shall be given to such party at its address or facsimile number set forth on the signature pages hereof or such
other address or facsimile number as such party may hereafter specify in writing in accordance with this Section 5.01; provided, that: 
 (a) unless otherwise specified by HH in a notice delivered by HH in accordance with this Section 5.01, any notice required to be delivered to HH shall be properly delivered if delivered to:

  
 8 

 Home Holdings, LLC 
 c/o Catterton Management Company, LLC 
 599 West Putnam Avenue 

Greenwich, CT 06830 
 Fax: (203) 629-4903 
 Attention: Marc Magliacano 

And c/o Tower Three Partners LLC 
 2 Sound View Drive 
 Greenwich, CT 06830 

Fax: 203-485-5885 

Attention: William Forrest 
 with a copy (which shall not constitute notice) to: 
 Gibson, Dunn &
Crutcher LLP 
 555 Mission Street 
 San Francisco, CA 94109 
 Fax: (415) 393-8461 

Attention: Stewart McDowell 
 and 
 Weil, Gotshal & Manges LLP 

767 Fifth Avenue 

New York, New York 10153 
 Fax: (212) 310-8007 
 Attention: Douglas Warner 

(b) unless otherwise specified by the Company in a notice delivered by the Company in accordance with this Section 5.01, any
notice required to be delivered to the Company shall be properly delivered if delivered to: 
 Restoration Hardware Holdings,
Inc. 
 15 Koch Road, Suite J 
 Corte Madera, CA 94925 
 Fax: (415) 927-7264 

Attention: Chief Financial Officer 
 with a copy (which shall not constitute notice) to: 
 Morrison & Foerster
LLP 
 425 Market Street 
 San Francisco, CA 94105 
 Fax: (415) 276-7113 

Attention: Gavin Grover 

  
 9 

 SECTION 5.02. Binding Effect; Benefits. This Agreement shall be binding upon and
inure to the benefit of the parties to this Agreement and their respective successors and permitted assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any Person other than the parties to this Agreement
or their respective successors or permitted assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein. 
 SECTION 5.03. Share Ownership. For purposes of this Agreement, the Sponsor shall be deemed to own all shares of Common Stock owned by Persons that were members of the Sponsor as of immediately
after the Effective Date. 
 SECTION 5.04. Amendment. This Agreement may not be amended, restated, modified or
supplemented in any respect and the observance of any term of this Agreement may not be waived except by a written instrument executed by the Company and the Sponsor. 
 SECTION 5.05. Assignability. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by any party hereto except as otherwise
expressly stated hereunder. 
 SECTION 5.06. Governing Law; Submission to Jurisdiction. This Agreement shall be governed
by and construed in accordance with the internal laws of the State of Delaware, without giving effect to its principles of conflict of laws. The parties hereto irrevocably submit, in any legal action or proceeding relating to this Agreement, to the
jurisdiction of the courts of the United States located in the State of Delaware or in any Delaware state court located in New York county and consent that any such action or proceeding may be brought in such courts and waive any objection that they
may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum. 
 SECTION 5.07. Enforcement. The parties agree that irreparable damage (for which monetary damages, even if available, would not be an adequate remedy) would occur in the event that any of the
provisions of this Agreement were not performed in accordance with their specific terms on a timely basis or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction, specific performance and other
equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in any court identified in Section 5.06 above without the need to post bond, this being in addition to any
other remedy to which they are entitled at law or in equity. 
 SECTION 5.08. Severability. If any provision of this
Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

SECTION 5.09. Additional Securities Subject to Agreement. All shares of Common Stock of the Company that any Holder hereafter
acquires by means of a stock split, stock dividend, distribution, exercise of options or warrants or otherwise, whether by merger, consolidation or otherwise (including shares of a surviving corporation into which the shares of 

  
 10 

 
Common Stock are exchanged in such transaction) will be subject to the provisions of this Agreement to the same extent as if held on the date of the this Agreement. 

SECTION 5.10. Section and Other Headings. The section and other headings contained in this Agreement are for reference purposes
only and shall not affect the meaning or interpretation of this Agreement. 
 SECTION 5.11. Counterparts. This Agreement
may be executed in any number of counterparts, each of which may be executed by less than all of the parties hereto, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall
constitute one instrument. 
 SECTION 5.12. Waiver of Jury Trial. Each party to this Agreement, for itself and its
Related Persons, hereby irrevocably and unconditionally waives to the fullest extent permitted by applicable law all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or
relating to the actions of the parties hereto or their respective Related Persons pursuant to this Agreement or in the negotiation, administration, performance or enforcement of this Agreement. 

SECTION 5.13. Entire Agreement. This Agreement supersedes all prior agreements, whether written or oral, between the parties with
respect to its subject matter (including this Agreement) and constitutes a complete and exclusive statement of the terms of the agreement between the parties with respect to its subject matter. 

SECTION 5.14. Termination of Agreement. Upon the Veto Lapse Date, this Agreement shall terminate and be of no further force and
effect. 
 [SIGNATURE PAGES FOLLOW] 

  
 11 

 IN WITNESS WHEREOF, the Company and each Sponsor have executed this Agreement as of the day
and year first above written. 
  

			
	RESTORATION HARDWARE HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	HOME HOLDINGS, LLC
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to Stockholders Agreement 

 EXHIBIT A 
 THE AUDIT COMMITTEE 
 OF 

THE BOARD OF DIRECTORS 
 OF 
 RESTORATION HARDWARE HOLDINGS, INC. 

CHARTER 
 I. PURPOSE

 The Audit Committee (the “Committee”) is established by and amongst the Board of Directors (the “Board”) of
Restoration Hardware Holdings, Inc. (the “Company”) for the primary purpose of assisting the Board in overseeing the accounting and financial reporting processes of the Company and audits of the financial statements of the Company and for
the purposes set forth in the listing requirements of the New York Stock Exchange (“NYSE”). The Committee shall also review the policies and procedures adopted by the Company to fulfill its responsibilities regarding the fair and
accurate presentation of financial statements in accordance with generally accepted accounting principles (“GAAP”), the NYSE, and the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”).

 Consistent with this function, the Committee should encourage continuous improvement of, and should foster adherence to, the Company’s
policies, procedures and practices at all levels. The Committee should also provide an open avenue of communication among the independent registered public accounting firm, financial and senior management, the internal auditing function and the
Board. 
 The Committee has the authority to obtain advice and assistance from outside legal, accounting, or other advisors as deemed
appropriate to perform its duties and responsibilities. 
 The Company shall provide appropriate funding, as determined by the Committee, for
compensation to the independent registered public accounting firm and to any advisers that the Committee chooses to engage as well as for ordinary administrative expenses of the Committee that are necessary or appropriate in carrying out its duties.

 The Committee will primarily fulfill its responsibilities by carrying out the activities enumerated in Section III of this Charter.

 II. COMPOSITION AND MEETINGS 

The Committee shall be comprised of that number of members required by the listing standards of the NYSE, and, in any event, shall consist of at least
three members. Each member of the Committee shall meet applicable independence requirements for membership of an Audit Committee in accordance with listing standards of the NYSE. If a member of the Committee

 
simultaneously serves on the audit committees of more than three public companies, the Board must determine that such simultaneous service would not impair the ability of such member to
effectively serve on the Committee. 
 To the extent that the Company elects a “controlled company” exception under the listing
requirements of the NYSE, then any listing requirement of the NYSE or provision of this Charter from which the Company is exempt under such controlled company or other provision shall be deemed inapplicable to the Company if and for so long as the
Company relies upon the controlled company or other similar exception without further amendment of this Charter. The pertinent provisions of the listing requirements of the NYSE and this Charter shall again be deemed applicable without further
amendment of this Charter at such time as the Company elects to no longer rely upon, or is otherwise no longer eligible to rely upon, the controlled company or other similar exception. 
 Each member of the Committee must be financially literate, as such qualification is interpreted by the Board in its business judgment, and at least one member of the Committee shall meet the definition of
“audit committee financial expert” as set forth in Rule 407(d)(5) of Regulation S-K. The existence of such member(s) shall be disclosed in periodic filings as required by the SEC. Members of the Committee may enhance their familiarity with
finance and accounting by participating in educational programs conducted by the Company or an outside consultant. 
 Committee members shall be
appointed by the Board, based on the recommendation of the Nominating Committee, and shall serve until their successors shall be duly elected and qualified or until their earlier resignation or removal. Committee members may be removed at any time
by vote of the Board. 
 Unless a Chair is elected by the full Board, members of the Committee may designate a Chair by majority vote of the
full Committee membership. 
 The Committee shall meet at least four times annually, or more frequently as circumstances dictate. To the extent
practical and appropriate, each regularly scheduled meeting should conclude with an executive session of the Committee absent members of management and on such terms and conditions as the Committee may elect. As part of its job to foster open
communication, the Committee should, to the extent practical and appropriate, meet periodically with management, the director of the internal auditing function and the independent registered public accounting firm in separate executive sessions to
discuss any matters that the Committee or each of these groups believes should be discussed privately. 
 III. RESPONSIBILITIES AND DUTIES

 To fulfill its responsibilities and duties, the Committee shall: 
 Documents/Reports/Accounting Information Review 
 1. Review this Charter periodically, and
no less frequently than annually, and recommend to the Board any necessary amendments as conditions dictate. 

  
 2 

 2. Review and discuss with management and the independent registered accounting firm the Company’s
annual financial statements, including the Management’s Discussion and Analysis proposed to be included in the Company’s Annual Report on Form 10-K, quarterly financial statements, and all internal controls reports (or summaries thereof),
if any, and recommend to the Board, if appropriate, that the audited financial statements be included in the Company’s Annual Report on Form 10-K for filing with the SEC. To the extent practical and appropriate, review other relevant
reports or financial information submitted by the Company to any governmental body, or the public, including management certifications as required by the Sarbanes-Oxley Act of 2002 (Sections 302 and 906), and any relevant reports rendered by the
independent registered public accounting firm (or summaries thereof). Review and discuss with management and the independent registered public accounting firm all significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial information and any fraud, whether or not material, that involves management or
other employees who have a significant role in the Company’s internal control over financial reporting. 
 3. Review with financial
management and the independent registered public accounting firm each Quarterly Report on Form 10-Q prior to its filing. 
 4. Discuss the
Company’s earnings press releases, as well as financial information and earnings guidance provided to analysts and rating agencies. 
 5.
Have one or more members of the Committee, in particular if reasonably available the Chair of the Committee, review, before release, the unaudited operating results in the Company’s quarterly earnings release and/or discuss the contents of the
Company’s quarterly earnings release with management. 
 6. Have one or more members of the Committee, in particular if reasonably
available the Chair of the Committee, review, before release, any non-GAAP or “pro forma” financial information, guidance or revised guidance to be included in a press release of the Company. 

7. To the extent practical and appropriate, review the regular internal reports (or summaries thereof) to management prepared by the internal auditing
department and management’s response. 
 8. Discuss policies with respect to risk assessment and risk management. 

Independent Registered Public Accounting Firm 
 9. Be responsible for the appointment of, and review and approval, on a continuing basis, of the retention, termination and performance of the Company’s independent registered public accounting firm
and as part of this responsibility the Audit Committee shall: 

  
 3 

	 	•	 	 Have sole authority to appoint, retain, compensate and terminate the independent registered public accounting firm. 

 

	 	•	 	 Oversee the work performed by the independent registered public accounting firm for the purpose of preparing or issuing an audit report or related
work. 

  

	 	•	 	 Review the performance of the independent registered public accounting firm and remove the independent registered public accounting firm if
circumstances warrant. 

  

	 	•	 	 The independent registered public accounting firm shall report directly to the Committee and the Committee shall oversee the resolution of
disagreements between management and the independent registered public accounting firm in the event that they arise. 

  

	 	•	 	 Consider and evaluate whether the registered public accounting firm’s performance of permissible nonaudit services is compatible with the
registered public accounting firm’s independence. 

  

	 	•	 	 Establish a clear understanding with management and the independent registered public accounting firm that the independent registered public accounting
firm is accountable to the Audit Committee and the Board as representatives of the Company’s stockholders. 

 10. Review
with the independent registered public accounting firm when appropriate any problems or difficulties and management’s response; review the independent registered public accounting firm’s attestation and report on management’s internal
control report; obtain from the independent registered public accounting firm assurance that it has complied with Section 10A of the Securities Exchange Act of 1934; and hold discussions with the independent registered public accounting firm,
at least prior to the filing of the independent registered public accounting firm’s audit report with the SEC pursuant to federal securities laws, regarding the following: 

 

	 	•	 	 all critical accounting policies and practices to be used; 

 

	 	•	 	 all alternative treatments within GAAP for policies and practices related to material items that have been discussed with management, including
ramifications of the use of such alternative disclosures and treatments, and the treatment preferred by the independent registered public accounting firm; 

 

	 	•	 	 other material written communications between the independent registered public accounting firm and management including, but not limited to, the
management letter and schedule of unadjusted differences;  

  

	 	•	 	 an analysis of the registered public accounting firm’s judgment as to the quality of the Company’s accounting principles, setting forth
significant reporting issues and judgments made in connection with the preparation of the financial statements, and the matters required to be discussed by Public Company Accounting Oversight Board AU Section 380 - Communication with Audit
Committees, as may be modified or supplemented from time to time; 

  

	 	•	 	 any significant changes required in the independent registered public accounting firm’s audit plan; 

 

	 	•	 	 other matters related to the conduct of the audit, which are to be communicated to the Committee under generally accepted auditing standards; and

  

	 	•	 	 any other relevant reports, including regular internal financial reports prepared by management of the Company and any internal auditing department, or
other financial information. 

  
 4 

 11. Review the independence of the independent registered public accounting firm, including a review of
management consulting services, and related fees, provided by the independent registered public accounting firm. The Committee shall require that the independent registered public accounting firm at least annually provide a formal written statement
(a) describing (i) the independent registered public accounting firm’s internal quality-control procedures; and (ii) any material issues raised by the most recent internal quality-control review, or peer review, of the
independent registered public accounting firm, or by any inquiry or investigation by governmental or professional authorities, within the preceding five (5) years, respecting one or more audits carried out by the independent registered public
accounting firm, and any steps taken to deal with any such issues; and (b) delineating all relationships between the independent registered public accounting firm and the Company consistent with the rules of the NYSE and request information
from the independent registered public accounting firm and management to determine the presence or absence of a conflict of interest. The Committee shall actively engage the independent registered public accounting firm in a dialogue with respect to
any disclosed relationships or services that may impact the objectivity and independence of the independent registered public accounting firm. The Committee shall take, or recommend that the full Board take, appropriate action to oversee the
independence of the independent registered public accounting firm. The Committee shall establish clear policies regarding the hiring of employees and former employees of the Company’s independent registered public accounting firm. 

12. Review and preapprove all audit, review or attest engagements of, and nonaudit services to be provided by, the independent registered public
accounting firm (other than with respect to the de minimis exception permitted by the Sarbanes-Oxley Act of 2002 and the SEC rules promulgated thereunder). Establish and maintain preapproval policies and procedures relating to the engagement
of the independent registered public accounting firm to render services, provided the policies and procedures are detailed as to the particular service and the Committee is informed of each service and such policies and procedures do not include
delegation of the Committee’s responsibilities under the Securities Exchange Act of 1934 to management. The preapproval duty may be delegated to one or more designated members of the Committee with any such preapproval reported to the Committee
at its next regularly scheduled meeting. 
 Financial Reporting Processes and Accounting Policies 

13. In consultation with the independent registered public accounting firm and the internal auditors, review the integrity of the organization’s
financial reporting processes (both internal and external), and the internal control structure (including disclosure controls). 
 14. Review
with management the effect of regulatory and accounting initiatives, as well as off-balance sheet structures, on the financial statements of the Company. 
 15. Review all related party transactions as defined in the NYSE requirements (consistent with the Company’s Related Party Transaction Policies and Procedures as approved by the Board of Directors).

 16. Establish and maintain procedures for the receipt, retention, and treatment of complaints regarding accounting, internal
accounting, or auditing matters. 

  
 5 

 17. Establish and maintain procedures for the confidential, anonymous submission by Company employees
regarding questionable accounting or auditing matters.  
 Internal Audit 
 18. Review and concur with management on (i) the timing for establishment of any internal auditing department as well as the scope and responsibilities of any such internal auditing department and
(ii) the appointment, replacement, reassignment or dismissal of the person assigned to oversee and run such internal auditing department. Notwithstanding the foregoing, the Company shall have an internal auditing department to the extent
required by the listing standards of the NYSE. 
 Other Responsibilities 
 19. Review with the independent registered public accounting firm, the internal auditing department and management the extent to which changes or improvements in financial or accounting practices, as
approved by the Committee, have been implemented. (This review should be conducted at an appropriate time subsequent to implementation of changes or improvements, as decided by the Committee.) 

20. Prepare the report that the SEC requires be included in the Company’s annual proxy statement. 

21. To the extent appropriate or necessary, review the rationale for employing audit firms other than the principal independent registered public
accounting firm and, where an additional audit firm has been employed, review the coordination of audit efforts to assure completeness of coverage, reduction of redundant efforts and the effective use of audit resources. 

22. Establish, review and update periodically a code of ethics and ensure that management has established a system to enforce this code. It shall be the
policy of the Committee that the code is in compliance with all applicable rules and regulations. Review management’s monitoring of the Company’s compliance with the organization’s code of ethics. 

23. Annually review and assess the Committee’s performance. 
 24. Report regularly to the Board. 
 25. Perform any other activities consistent with this
Charter, the Company’s Bylaws, as may be amended from time to time, and governing law, as the Committee or the Board deems necessary or appropriate. 

  
 6Form of Registration Rights

 Exhibit 10.17 
 FORM OF 
 REGISTRATION RIGHTS AGREEMENT 

by and among 
 RESTORATION HARDWARE HOLDINGS, INC., 
 HOME HOLDINGS, LLC,

 CP HOME HOLDINGS, LLC, 
 TOWER THREE HOME LLC, 
 AND 

THE OTHER STOCKHOLDERS PARTY HERETO 
  

 
 Dated as of
            , 2012 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 Article I. DEFINITIONS; RULES OF CONSTRUCTION
	  	 	1	 
			
	 SECTION 1.01.
	 	 Definitions
	  	 	1	 
	 SECTION 1.02.
	 	 Rules of Construction
	  	 	3	 
		
	 Article II. REPRESENTATIONS AND WARRANTIES
	  	 	4	 
			
	 SECTION 2.01.
	 	 Authority; Enforceability
	  	 	4	 
	 SECTION 2.02.
	 	 Consent
	  	 	4	 
		
	 Article III. REGISTRATION RIGHTS
	  	 	4	 
			
	 SECTION 3.01.
	 	 Company Registration
	  	 	4	 
	 SECTION 3.02.
	 	 Registration Procedures
	  	 	6	 
	 SECTION 3.03.
	 	 Registration Expenses
	  	 	10	 
	 SECTION 3.04.
	 	 Indemnification
	  	 	10	 
	 SECTION 3.05.
	 	 Lock-Up Agreements
	  	 	13	 
	 SECTION 3.06.
	 	 Participation in Registrations
	  	 	15	 
	 SECTION 3.07.
	 	 Rule 144
	  	 	16	 
		
	 Article IV. MISCELLANEOUS
	  	 	16	 
			
	 SECTION 4.01.
	 	 Notices
	  	 	16	 
	 SECTION 4.02.
	 	 Binding Effect; Benefits
	  	 	17	 
	 SECTION 4.03.
	 	 Amendment
	  	 	18	 
	 SECTION 4.04.
	 	 Assignability
	  	 	18	 
	 SECTION 4.05.
	 	 Governing Law; Submission to Jurisdiction
	  	 	18	 
	 SECTION 4.06.
	 	 Enforcement
	  	 	18	 
	 SECTION 4.07.
	 	 Severability
	  	 	18	 
	 SECTION 4.08.
	 	 Additional Securities Subject to Agreement
	  	 	19	 
	 SECTION 4.09.
	 	 Section and Other Headings
	  	 	19	 
	 SECTION 4.10.
	 	 Counterparts
	  	 	19	 
	 SECTION 4.11.
	 	 Waiver of Jury Trial
	  	 	19	 
	 SECTION 4.12.
	 	 Entire Agreement
	  	 	19	 

 EXHIBIT INDEX 
  

					
	 Exhibit A
	 	 Form of Consent of Holder of Registrable Securities
	  	

  
 i 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of
            , 2012, by and among Restoration Hardware Holdings, Inc., a Delaware corporation (the “Company”), Home Holdings, LLC, a Delaware limited liability company
(“HH”), CP Home Holdings, LLC (“Catterton”), Tower Three Home LLC (“Tower Three”), Glenhill Capital Overseas Master Fund LP, Glenhill Capital LP, the Glenn J. Krevlin Revocable Trust, and the
Krevlin 2005 Gift Trust (collectively “Glenhill”) and each registered or beneficial owner of shares of common stock of the Company listed on Schedule A hereto that has signed a Consent of Holder of Registrable Securities
(such parties and each Person listed on Schedule A hereto, individually, a “Holder” and, collectively, the “Holders”). 
 WHEREAS, on the date hereof the Company has consummated an initial public offering, in connection with which, the parties desire to enter into this Agreement. 

NOW, THEREFORE, effective as of the Effective Date, the parties mutually agree as follows: 

ARTICLE I. 

DEFINITIONS; RULES OF CONSTRUCTION 
 SECTION 1.01. Definitions. The following terms, as used herein, have the following meanings: 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. No Person shall be deemed to be an Affiliate of another Person solely by virtue of the fact that both
Persons own shares of the Company’s Capital Stock. 
 “Board” means the Board of Directors of the Company.

 “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking
institutions in the City of New York are authorized or obligated by law or executive order to close. 
 “Capital
Stock” means, with respect to any Person any and all shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, and any rights, warrants or options exercisable or exchangeable
for or convertible into such capital stock. 

  
 1 

 “Catterton” has the meaning set forth in the preamble. 

“Commission” means the Securities and Exchange Commission. 

“Common Stock” means the Common Stock, par value $0.0001 per share, of the Company. 

“Company” has the meaning set forth in the preamble. 

“Consent of Holders of Registrable Securities” means a consent, the form of which is attached hereto as Exhibit A.

 “Demand Holder” has the meaning set forth in Section 3.02(a). 

“Demand Registration” has the meaning set forth in Section 3.02(a). 

“Demand Registration Notice” has the meaning set forth in Section 3.02(a). 

“Effective Date” means the date of consummation of the initial public offering of the Company’s Common Stock.

 “Effectiveness Period” has the meaning set forth in Section 3.02(a). 

“Exchange Act” means the Securities Exchange Act of 1934. 

“HH” has the meaning set forth in the preamble. 

“Holder” and “Holders” have the meanings set forth in the preamble. 

“Included Securities” has the meaning set forth in Section 3.01(a). 

“Locked-up Person” has the meaning set forth in Section 3.05(c). 

“Lock-up Period” has the meaning set forth in Section 3.05(a). 

“Lock-up Securities” has the meaning set forth in Section 3.05(c). 

“Major Holder” means any Person that, together with its Affiliates, owns five (5) percent or more of the
outstanding shares of Common Stock of the Company. 
 “Person” means an individual, a corporation, a general or
limited partnership, a limited liability company, a joint stock company, an association, a trust or any other entity or organization, including a government, a political subdivision or an agency or instrumentality thereof. 

“Piggyback Registration” has the meaning set forth in Section 3.01(b). 

“Pro Rata Amount” has the meaning set forth in Section 3.05(c). 

  
 2 

 “Public Offering” means an underwritten public offering and sale of equity
securities of the Company pursuant to an effective registration statement under the Securities Act; provided, that a Public Offering shall not include (x) the initial public offering of the Company’s Common Stock or (y) an offering
made in connection with (a) a business acquisition or combination pursuant to a registration statement on Form S-4 or any similar form or (b) an employee benefit plan pursuant to a registration statement on Form S-8 or any similar form.

 “Registrable Securities” shall mean any of (i) the shares of Common Stock owned by any Holder at the
time of determination and (ii) any other Capital Stock issued or issuable with respect to such shares of Common Stock by way of a stock split, stock dividend, reclassification, subdivision or reorganization, recapitalization or similar event.
As to any particular Registrable Securities of a Holder, such securities shall cease to be Registrable Securities when (a) a registration statement with respect to the offering of such securities by the Holder shall have been declared effective
under the Securities Act and such securities shall have been disposed of by such Holder pursuant to such registration statement, (b) such securities have been sold to the public pursuant to Rule 144 (or any similar provision then in force)
promulgated under the Securities Act, (c) all of such Holder’s shares of Common Stock may be sold to the public pursuant to Rule 144 (or any similar provision then in force) without any volume, manner of sale or similar restrictions
(provided, however, that shares of Common Stock held by Major Holders that would be Registrable Securities but for this clause (c) shall continue to be Registrable Securities for purposes of Piggyback Registrations until such
shares of Common Stock cease to be Registrable Securities by some other clause of this definition), (d) such securities shall have been otherwise transferred and new certificates for such securities not bearing a legend restricting further
transfer shall have been delivered by the Company or its transfer agent and any subsequent disposition of such securities shall not require registration or qualification under the Securities Act or any similar state law then in force or
(e) such securities shall have ceased to be outstanding. 
 “Registration” means a Piggyback Registration
or Demand Registration. 
 “Sale Opportunity” has the meaning set forth in Section 3.05(c). 

“Sale Notice” has the meaning set forth in Section 3.05(c). 

“Securities Act” means the Securities Act of 1933. 

“Tower Three” has the meaning set forth in the preamble. 

SECTION 1.02. Rules of Construction. Any provision of this Agreement that refers to the words “include,”
“includes” or “including” shall be deemed to be followed by the words “without limitation.” References to “dollars” or “$” shall mean dollars in lawful currency of the United States of
America. References to numbered or letter articles, sections and subsections refer to articles, sections and subsections, respectively, of this Agreement unless expressly stated otherwise. All references to this Agreement include, whether or not
expressly referenced, the exhibits and schedules attached hereto. References to a Section, paragraph, Exhibit or Schedule shall be to a Section or paragraph of, or Exhibit or Schedule to, this Agreement unless otherwise indicated. The words
“hereof,” “herein” and “hereunder” and words of similar import when used 

  
 3 

 
in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “or” when used in this Agreement is not exclusive. Any
agreement, instrument, law or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument, or statute as from time to time amended, modified or supplemented, including (in the
case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein. References to a Person are also to
its permitted successors and assigns. In the event that any claim is made by any Person relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that
this Agreement was prepared by or at the request of a particular Person or its counsel. 
 ARTICLE II. 

REPRESENTATIONS AND WARRANTIES 
 Each of the parties hereby represents and warrants, severally and not jointly, to each of the other parties as follows, as of the Effective Date: 

SECTION 2.01. Authority; Enforceability. Such party (a) has the legal capacity or organizational power and authority to
execute, deliver and perform its obligations under this Agreement and (b) (in the case of parties that are not natural Persons) is duly organized and validly existing and in good standing under the laws of its jurisdiction of organization. This
Agreement has been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party, enforceable against it in accordance with the terms of this Agreement, subject to applicable bankruptcy, insolvency,
reorganization, moratorium and other laws affecting the rights of creditors generally and to the exercise of judicial discretion in accordance with general principles of equity (whether applied by a court of law or of equity). 

SECTION 2.02. Consent. No consent, waiver, approval, authorization, exemption, registration, license or declaration is required to
be made or obtained by such party, other than those that have been made or obtained on or prior to the Effective Date, in connection with (a) the execution or delivery of this Agreement or (b) the consummation of any of the transactions
contemplated hereby. 
 ARTICLE III. 
 REGISTRATION RIGHTS 
 SECTION 3.01. Company Registration.

 (a) Demand Registrations 
 (i) At any time from and after the Effective Date, upon the written demand of HH, Catterton or Tower Three (each, a “Demand Holder”), the Company shall use its commercially reasonable
efforts to effect as expeditiously as possible, the registration (a “Demand Registration”) under the Securities Act of (i) all Registrable Securities held by such Demand Holder that are requested to be registered in the initial
written demand and (ii) any 

  
 4 

 
additional Registrable Securities requested to be registered by any Holders who elect to include Registrable Securities in such Demand Registration in a written notice or notices given within ten
(10) days after the date the Demand Registration Notice (as defined below) is given by the Company (together with the Registrable Securities described in clause (i), the “Included Securities”). Promptly (but in no event later
than five Business Days) after the receipt by the Company of any written demand pursuant to clause (i) of the immediately preceding sentence, the Company will give written notice of such demand to all Holders of Registrable Securities (the
“Demand Registration Notice”). The Company shall effect the registration under the Securities Act of the Included Securities as expeditiously as possible and use its commercially reasonable efforts to have such registration become
and remain effective. The Company shall have the right to select the underwriters for a Demand Registration that is to be an underwritten offering, subject to the reasonable approval of Catterton and Tower Three. 

(ii) Notwithstanding Section 3.01(a)(i), the Company shall not be required to effect more than three Demand Registrations from each
of Catterton and Tower Three (including through a demand by HH) (or more than six Demand Registrations from the Demand Holders in the aggregate); provided, that the Demand Holders shall be entitled to unlimited additional Demand Registrations
if such additional Demand Registrations would be eligible for registration on Form S-3; provided, further, that the Company shall not be required to effect more than two such Demand Registrations on Form S-3 in any twelve month period.

 (iii) Any registration initiated pursuant to Section 3.01(a)(i) shall not count as a Demand Registration
(i) unless and until a registration statement with respect to all Registrable Securities to be sold in connection therewith shall have become effective and remained effective for a period of 120 days or, if a shorter time, until all of the
Included Securities shall have been sold, (ii) if after it has become effective such registration is interfered with by any stop order, injunction or other order or requirement of the SEC or any other governmental authority for any reason not
attributable to the Holders of Included Securities, such that no sales are possible thereunder for a period of ten consecutive days or more, (iii) if the conditions to closing specified in the underwriting agreement, if any, entered into in
connection with such registration are not satisfied or waived, other than by reason of a failure on the part of the Holders of Included Securities or (iv) if, due to the provisions of Section 3.01(a)(iv), the Demand Holder demanding such
Demand Registration is prohibited from registering 30% or more of its Registrable Securities requested to be registered in the initial written demand. 
 (iv) If a Demand Registration is an underwritten offering and the managing underwriters advise the Company in writing that in their good faith judgment the number of securities to be included in a Demand
Registration exceeds the number that can be sold in the offering in light of marketing factors or because the sale of a greater number would adversely affect the price of the Registrable Securities to be sold in such Demand Registration, then the
total number of securities the underwriters advise can be included in such Demand Registration shall be allocated (i) first, to the Holders of the Included Securities, pro rata; (ii) second, to the Company for any securities that the
Company proposes to issue and sell for its own account; and (iii) third, to other persons that the Company is obligated to register pursuant to other contractual arrangements, pro rata. 

(b) Piggyback Registration Rights. 

  
 5 

 (i) Whenever the Company proposes to complete a Public Offering (other than in connection
with a Demand Registration) and the registration form to be used may be used for the registration of Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice to all Holders of Registrable
Securities of its intention to effect such a registration and, subject to the terms of subsections (ii) below, shall include in such registration all Registrable Securities with respect to which the Company has received written requests for
inclusion therein within ten (10) days after the receipt of the Company’s notice. 
 (ii) If a Piggyback Registration
is an underwritten offering and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in an orderly manner in such
offering within a price range acceptable to the Company, the Company shall include in such registration (i) first, the securities the Company proposes to sell, (ii) second, the Registrable Securities requested to be included in such
registration, pro rata among the Holders of such Registrable Securities on the basis of the number of shares owned by each such Holder, and (iii) third, other securities requested to be included in such registration pursuant to contractual
arrangements with the Company. 
 (c) Other Sales Restrictions. Notwithstanding anything to the contrary herein,
including any provisions regarding pro rata inclusion of Registrable Securities in any Registration, if any Holder has agreed to lock-ups or other restrictions on sale of any such Holder’s Registrable Securities with the Company, another Holder
or any other Person, including pursuant to Section 3.05(c) hereof, such other agreements or restrictions shall govern the sale of such Holders Registrable Securities. 

SECTION 3.02. Registration Procedures. It shall be a condition precedent to the obligations of the Company to take any action
pursuant to this Article III that the Holders requesting inclusion in any Registration shall furnish to the Company such information regarding them, the Registrable Securities held by them, the intended method of disposition of such
Registrable Securities, and such agreements regarding indemnification, disposition of such securities and other matters referred to in and consistent with this Article III, as the Company shall reasonably request and as shall be required in
connection with the action to be taken by the Company. With respect to any Registration which includes Registrable Securities held by a Holder, the Company will: 
 (a) As promptly as possible (in the case of a Demand Registration, no more than 45 days after the Company’s receipt of a Demand Registration Notice that is for a Registration on a form other than
Form S-3 (or any successor form) and no more than 30 days after the Company’s receipt of a Demand Registration Notice that is for a registration on Form S-3 (or any successor form)), prepare and file with the Commission a registration statement
on the appropriate form prescribed by the Commission for such intended method of disposition and use its commercially reasonable efforts to cause such registration statement to be or become effective as soon as practicable thereafter;
provided, that before filing a registration statement or prospectus or any amendments or supplements thereto, the Company shall furnish to counsel representing any Demand Holder selling Registrable Securities in connection with such
Registration copies of all documents proposed to be filed, which documents shall be subject to the review and reasonable comments of such counsel and which shall not be filed without the 

  
 6 

 
consent of such Demand Holder; provided, further, that the Company shall not be obligated to maintain such Registration effective for a period longer than the earlier of
(x) 120 days after such Registration becomes effective and (y) the disposition of all Registrable Securities included in such Registration (the “Effectiveness Period”); 

(b) Prepare and file with the Commission such amendments and post-effective amendments to such registration statement and any documents
required to be incorporated by reference therein as may be necessary to keep the registration statement effective for a period of not less than the Effectiveness Period (but not prior to the expiration of the time period referred to in
Section 4(3) of the Securities Act and Rule 174 thereunder, if applicable); cause the prospectus to be supplemented by any required prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the Securities Act and
comply with the Securities Act in a timely manner; and comply with the provisions of the Securities Act applicable to it with respect to the disposition of all Registrable Securities covered by such registration statement during the applicable
period in accordance with the intended method or methods of disposition by the sellers thereof set forth in such registration statement or supplement to the prospectus; 
 (c) Promptly incorporate in a prospectus supplement or post-effective amendment such information as the underwriter(s) or the Demand Holders selling shares in such Registration reasonably request to be
included therein relating to the plan of distribution with respect to such Registrable Securities; and make all required filings of such prospectus supplements or post-effective amendments as soon as practical after being notified of the matters to
be incorporated in such supplement or amendment; 
 (d) Furnish to such Holder, without charge, such number of conformed copies
of the registration statement and any post-effective amendment thereto, as such Holder may reasonably request, and such number of copies of the prospectus (including each preliminary prospectus) and any amendments or supplements thereto, and any
documents incorporated by reference therein, as the Holder or underwriter or underwriters, if any, may request in order to facilitate the disposition of the securities being sold by the Holder (it being understood that the Company consents to the
use of the prospectus and any amendment or supplement thereto by the Holder covered by the registration statement and the underwriter or underwriters, if any, in connection with the offering and sale of the securities covered by the prospectus or
any amendments or supplements thereto); 
 (e) Notify such Holder at any time when a prospectus relating thereto is required to
be delivered under the Securities Act, when the Company becomes aware of the happening of any event as a result of which the prospectus included in such registration statement (as then in effect) contains any untrue statement of material fact or
omits to state a material fact necessary to make the statements therein (in the case of the prospectus or any preliminary prospectus, in the light of the circumstances under which they were made) not misleading and, as promptly as practicable
thereafter, prepare and file with the Commission and furnish a supplement or amendment to such prospectus so that, as thereafter delivered to the investors of such securities, such prospectus will not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

  
 7 

 (f) Provide a CUSIP number for all Registrable Securities no later than the effective date
of the Registration and provide the applicable transfer agent and registrar for all such Registrable Securities with printed certificates representing the Registrable Securities that are in a form eligible for deposit with The Depository Trust
Company not later than the effective date of the registration statement; 
 (g) Use its commercially reasonable efforts to cause
all securities included in such registration statement to be listed, by the date of the first sale of securities pursuant to such registration statement, on any national securities exchange, quotation system or other market on which the Common Stock
is then listed; 
 (h) Make generally available to its security holders an earnings statement, which need not be audited,
satisfying the provisions of Section 11(a) of the Securities Act as soon as reasonably practicable after the end of the 12-month period beginning with the first month of the Company’s first fiscal quarter commencing after the effective
date of the registration statement, which statement shall cover said 12-month period; 
 (i) After the filing of a registration
statement, (i) notify each Holder holding Registrable Securities covered by such registration statement of any stop order issued or, to the Company’s knowledge, threatened by the Commission and of the receipt by the Company of any
notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction, (ii) take all reasonable actions to obtain the withdrawal of any order
suspending the effectiveness of the registration statement or the qualification of any Registrable Securities at the earliest possible moment, and (iii) make available for inspection by any seller of Registrable Securities, any underwriter
participating in any disposition pursuant to such registration statement, and any attorney, accountant, or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate and business documents and
properties of the Company as shall be necessary to enable them to exercise their due diligence responsibility, and cause the Company’s officers, directors, employees, agents, representatives, and independent accountants to supply all such
information reasonably requested by any such seller, underwriter, attorney, accountant, or agent in connection with such registration statement; 
 (j) In connection with the preparation and filing of each Registration, give each Demand Holder selling Registrable Securities in such Registration, the underwriter(s) and their respective counsel,
accountants and other representatives and agents the opportunity to participate in the preparation of each registration statement, each prospectus included therein or filed with the Commission, and each amendment thereof or supplement thereto and
comparable statements under the securities or blue sky laws of any jurisdiction and give each of the foregoing Persons access to the books and records, pertinent corporate and business documents and properties of the Company and its subsidiaries and
such opportunities to discuss the business and affairs of the Company and its subsidiaries with the respective directors, officers, employees, agents, representatives and the independent public accountants who have certified the Company’s
consolidated financial statements, and supply all other information requested by and respond to all other inquiries from such Demand Holders, underwriter(s), counsel, accountants and other representatives and agents as shall be necessary or
appropriate, in the opinion of such holders or underwriter(s), to conduct a reasonable investigation within the meaning of the 

  
 8 

 
Securities Act, and the Company shall not file any registration statement or amendment thereto or any prospectus or supplement thereto to which such Demand Holders or such underwriter(s) shall
object; 
 (k) Cause its employees to participate in customary “road shows” and other presentations as reasonably
requested by the underwriters in connection with such Registration; 
 (l) Deliver promptly to counsel representing any Demand
Holder selling Registrable Securities under such Registration and each underwriter, if any, participating in the offering of the Registrable Securities, copies of all correspondence between the Commission and the Company, its counsel or auditors,
and all memoranda relating to discussions with the Commission or its staff with respect to such Registration; and 
 (m) On or
prior to the date on which the registration statement is declared or otherwise becomes effective, use commercially reasonable efforts to (i) register or qualify, and cooperate with such underwriter or underwriters, if any, and their counsel in
connection with the registration or qualification of, the securities covered by the registration statement for offer and sale under the securities or blue sky laws of each state and other jurisdiction of the United States as the managing underwriter
or underwriters, if any, requests in writing, to use commercially reasonable efforts to keep each such registration or qualification effective, including through new filings, or amendments or renewals, during the Effectiveness Period and do any and
all other acts or things necessary or advisable to enable the disposition in all such jurisdictions of the Registrable Securities covered by the applicable registration statement; provided, that the Company will not be required to qualify
generally to do business in any jurisdiction where it is not then so qualified or to take any action which would subject it to general service of process in any such jurisdiction where it is not then so subject, (ii) obtain a cold comfort
letter from the Company’s independent public accountants in customary form and covering matters of the type customarily covered by cold comfort letters, which letter shall be addressed to the underwriters, and the Company shall use commercially
reasonable efforts to cause such cold comfort letter to also be addressed to any Demand Holder selling Registrable Securities in such Registration, (iii) obtain an opinion from the Company’s outside counsel in customary form and covering
matters of the type customarily covered by such opinions, which opinion shall be addressed to the underwriters and any Demand Holder selling Registrable Securities in such Registration, and (iv) enter into and perform its obligations under such
customary agreements (including underwriting agreements in customary form) and take all such other actions as the Demand Holders reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including
effecting a stock split, combination of shares, recapitalization, or reorganization). 
 The Holders, upon receipt of any notice
from the Company of the happening of any event of the kind described in subsection (e) of this Section 3.02, will forthwith discontinue disposition of the Registrable Securities until the Holders’ receipt of the copies of the
supplemented or amended prospectus contemplated by subsection (e) of this Section 3.02 or until it is advised in writing by the Company that the use of the prospectus may be resumed, and has received copies of any additional or
supplemental filings which are incorporated by reference in the prospectus, and, if so directed by the Company, each Holder will, or will request the managing underwriter or underwriters, if any, to, deliver, to the Company (at the Company’s
sole 

  
 9 

 
expense) all copies, other than permanent file copies then in such Holder’s possession, of the prospectus covering such securities current at the time of receipt of such notice. 

No Holder of Registrable Securities included in a Registration shall be required to make any representations or warranties to or
agreements with the Company, other than representations and warranties regarding such Holder, such Holder’s ownership of and title to the Registrable Securities to be sold in such offering, and its intended method of distribution and any
liability of any such Holder under such underwriting agreement shall be limited to liability arising from breach of such Holder’s representations and warranties therein and shall be limited to an amount equal to the net amount received by such
Holder from the sale of Registrable Securities pursuant to such registration statement. 
 SECTION 3.03. Registration
Expenses. 
 (a) In the case of any Registration, the Company shall bear all expenses incident to the Company’s
performance of or compliance with Section 3.01 of this Agreement, including all Commission and stock exchange or Financial Industry Regulatory Authority registration and filing fees and expenses, fees and expenses of compliance with
securities or blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities), rating agency fees, printing expenses, messenger, telephone and delivery expenses, fees
and disbursements of counsel for the Company and all independent certified public accountants and any fees and disbursements of underwriters customarily paid by issuers or sellers of securities (but not including any underwriting discounts or
commissions, or transfer taxes, if any, attributable to the sale of Registrable Securities by a selling Holder or fees and expenses of more than three counsel representing the Holders selling Registrable Securities under such Registration as set
forth in Section 3.03(b) below). 
 (b) In connection with each Registration initiated hereunder (whether a Demand
Registration or a Piggyback Registration), the Company shall reimburse the Holders covered by such Registration for the reasonable fees and disbursements of one counsel chosen by Catterton, one counsel chosen by Tower Three and one counsel chosen by
the holders of a majority of the Registrable Securities held by Holders other than HH, Catterton and Tower Three. 
 SECTION
3.04. Indemnification. 
 (a) Indemnification by the Company. The Company agrees to indemnify and hold harmless
each Holder participating in an offering of Registrable Securities, the underwriters selling such Holder’s Registrable Securities and their respective officers, directors, Affiliates and agents and each Person who controls (within the meaning
of the Securities Act or the Exchange Act) any of them, including any general partner or manager of any thereof, and each Person who controls the Company (within the meaning of the Securities Act or the Exchange Act) against all losses, claims,
damages, liabilities and expenses (including reasonable out-of-pocket fees and disbursements of counsel) arising out of or based upon any untrue or alleged untrue statement of a material fact contained in any registration statement, prospectus or
preliminary prospectus, free writing prospectus, or any amendment thereof or supplement thereto or in any document incorporated by reference therein or any omission or alleged omission to state therein a material

  
 10 

 
fact required to be stated therein or necessary to make the statements therein (in the case of the prospectus or any preliminary prospectus, in the light of the circumstances under which they
were made) not misleading, except insofar as the same are made in reliance on and in conformity with any information with respect to such Holder or Person furnished in writing to the Company by such Holder or Person expressly for use therein. The
Company further agrees to indemnify and hold harmless each Person who controls the Company (within the meaning of the Securities Act or the Exchange Act) against all losses, claims, damages, liabilities and expenses (including reasonable
out-of-pocket counsel fees and disbursements) arising out of or based upon any untrue or alleged untrue statement of a material fact contained in any document, report or information filed with the Commission under the Exchange Act or any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as the same are made in reliance on and in conformity with any information with respect to
such Person furnished in writing to the Company by such Person expressly for use therein. Notwithstanding any other provision of this Agreement, the Company shall advance all expenses incurred by or on behalf of an indemnified party pursuant to this
Section 3.04(a) within thirty (30) days after the receipt by the Company of a statement or statements from the indemnified party requesting such advance or advances from time to time, whether prior to or after final disposition of
such proceeding. Such statement or statements shall reasonably evidence the expenses incurred by the indemnified party. 
 (b)
Indemnification by the Holders. To the extent permitted by law, each Holder selling shares in a Registration agrees to indemnify and hold harmless the Company, its directors, officers and agents and each Person who controls (within the
meaning of the Securities Act or the Exchange Act) the Company, against any losses, claims, damages, liabilities and expenses arising out of or based upon any untrue statement of a material fact or any omission to state a material fact required to
be stated therein or necessary to make the statements in the registration statement, prospectus or preliminary prospectus (in the case of the prospectus or preliminary prospectus, in light of the circumstances under which they were made) not
misleading, to the extent, but only to the extent, that such untrue statement or omission is made in reliance on and in conformity with the information or affidavit with respect to such Holder so furnished in writing by such Holder expressly for use
in the registration statement or prospectus; provided, that the obligation to indemnify shall be several, not joint and several, among such Holders and the liability of each such Holder shall be in proportion to and limited to the net proceeds
received by such Holder from the sale of Registrable Securities pursuant to such registration statement in accordance with the terms of this Agreement. The indemnity agreement contained in this Section 3.04(b) shall not apply to amounts
paid in settlement of any such loss, claim, damage, liability, action or proceeding if such settlement is effected without the consent of such Holder. The Company and the Holders of the Registrable Securities hereby acknowledge and agree that,
unless otherwise expressly agreed to in writing by such Holders, the only information furnished or to be furnished to the Company for use in any registration statement or prospectus relating to the Registrable Securities or in any amendment,
supplement or preliminary materials associated therewith are statements specifically relating to (i) the beneficial ownership of shares of Common Stock by such Holder and its Affiliates, (ii) the name and address of such Holder and
(iii) any additional information about such Holder or the plan of distribution (other than for an underwritten offering) required by law or regulation to be disclosed in any such document. 

  
 11 

 (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification
hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) unless in such indemnified party’s reasonable judgment a conflict of interest may exist
between such indemnified and indemnifying parties with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. The failure to so notify the indemnifying
party shall not relieve the indemnifying party from any liability hereunder with respect to the action, except to the extent that such indemnifying party is materially prejudiced by the failure to give such notice; provided, that any such
failure shall not relieve the indemnifying party from any other liability which it may have to any other party or to such indemnified party other than pursuant to this Section 3.04. No indemnifying party in the defense of any such claim
or litigation, shall, except with the consent of such indemnified party, which consent shall not be unreasonably withheld, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect of such claim or litigation. An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be obligated
to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party there may be one or more legal or equitable defenses
available to such indemnified party which are in addition to or may conflict with those available to any other of such indemnified parties with respect to such claim, in which event the indemnifying party shall be obligated to pay the reasonable
fees and expenses of such additional counsel or counsels. 
 (d) Contribution. If for any reason the indemnification
provided for in the preceding paragraphs (a) and (b) of this Section 3.04 is unavailable to an indemnified party as contemplated by the preceding paragraphs (a) and (b) of this Section 3.04 or is
insufficient to hold such indemnified party harmless, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability (i) in such proportion as is
appropriate to reflect the relative benefits received by the indemnified party and the indemnifying party or (ii) if the allocation provided by the preceding clause (i) is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in the preceding clause (i) but also the relative fault of the indemnified party and the indemnifying party, as well as any other relevant equitable considerations. The relative
fault of the Company on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement on the other hand shall be determined by reference to, among other things, whether the alleged untrue
statement of material fact or alleged omission to state a material fact relates to information supplied by the Company or by the sellers of Registrable Securities or other sellers participating in the registration statement and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. In no event shall the liability of any such Holder be greater in amount than the amount of net proceeds received by such Holder upon
such sale or the amount for which such indemnifying party would have been obligated to pay by way of indemnification if the indemnification provided in paragraph (b) of this Section 3.04 had been available. 

  
 12 

 SECTION 3.05. Lock-Up Agreements. 

(a) Whenever the Company proposes to register any of its equity securities under the Securities Act in a Public Offering or is required
to use its commercially reasonable to effect the registration of any Registrable Securities under the Securities Act pursuant to Section 3.01, each Holder of Registrable Securities agrees by acquisition of such Registrable Securities not
to effect any sale or distribution, including any sale pursuant to Rule 144 under the Securities Act, or to request registration under Section 3.01 of any Registrable Securities for the time period reasonably requested by the managing
underwriter for the underwritten offering; provided, that in no event shall such period exceed 180 days in the case of the Company’s initial public offering or 90 days in the case of any subsequent Public Offering, plus, in each case,
any customary “booster shot” reasonably requested by the managing underwriter (the “Lock-up Period”) after the effective date of the registration statement relating to such Registration, except (i) as part of such
Registration or (ii) in the case of a private sale or distribution, unless the transferee agrees in writing to be subject to this Section 3.05. If requested by such managing underwriter, each Holder of Registrable Securities agrees
to execute a lock-up agreement, in customary form, consistent with the terms of this Section 3.05(a); provided, that the form of the lock-up shall be substantially identical as to each similarly situated Holder; provided,
further, that if any Holder of Registrable Securities is released from such lock-up agreement, all other Holders of Registrable Securities shall be similarly released on a pro rata basis. Notwithstanding the foregoing, no Holder shall be
subject to a Lock-up Period in excess of 180 days (plus any customary “booster shot”) in any calendar year due to the registration of any Registrable Securities pursuant to Section 3.01. 

(b) The Company agrees not to effect any sale or distribution of any of its equity securities or securities convertible into or
exchangeable or exercisable for any such equity securities within the Lock-up Period (except as part of such underwritten Registration or pursuant to registrations on Form S-8, S-4 or any successor forms thereto), except that such restriction shall
not prohibit any such sale or distribution after the effective date of the registration statement (i) pursuant to any stock option, warrant, stock purchase plan or agreement or other benefit plans approved by the Board to officers, directors or
employees of the Company or its subsidiaries; (ii) pursuant to Section 4(2) of the Securities Act; or (iii) as consideration to any third party seller in connection with the bona fide acquisition by the Company or any subsidiary of
the Company of the assets or securities of any Person in any transaction approved by the Board, provided that in each such case the transferee agrees in writing with the Company to be subject to restrictions comparable to those set forth in
Section 3.05(a). In addition, upon the request of the managing underwriter, the Company shall use commercially reasonable efforts to cause each holder of its equity securities or any securities convertible into or exchangeable or
exercisable for any of such securities whether outstanding on the date of this Agreement or issued at any time after the date of this Agreement (other than any such securities acquired in a public offering), to agree not to effect any such public
sale or distribution of such securities during such period, except as part of any such registration if permitted, and to cause each such holder to enter into a similar agreement to such effect with the such managing underwriter. 

(c) Subject to (i) any sales in the Company’s initial public offering of equity securities, as set forth in the Company’s
prospectus filed with the Commission and dated October 22, 2012 and (ii) any sales contemplated by Section 3.05(e), each of Gary Friedman, 

  
 13 

 
Carlos Alberini, the Carlos E. Alberini Family 2012 Trust, Ken Dunaj, Eri Chaya, Danielle Hansmeyer, DeMonty Price, Karen Boone, Matt Salmonson, Bonnie Orofino, Frances Hamman and Mike MacKay
(each a “Locked-Up Person”) agrees, severally and not jointly, with the Company that, until the earlier of (x) the date on which Catterton and Tower Three collectively own less than one half of the shares of Common Stock
collectively beneficially owned by Catterton and Tower Three, including through HH, immediately following the Company’s initial public offering of equity securities (as adjusted to give effect to any recapitalization, stock split, reverse stock
split, stock dividend or other similar adjustment to the outstanding shares of Capital Stock) and (y) the date that is two years after the Company’s initial public offering of equity securities, the Locked Up Person will not, without the
prior written consent of the Company, directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of, or
lend or otherwise dispose of or transfer any shares of the Company’s Common Stock or any securities convertible into or exchangeable or exercisable for or repayable with Common Stock, whether now owned or hereafter acquired by the Locked Up
Person or with respect to which the Locked Up Person has or hereafter acquires the power of disposition (collectively, the “Lock-Up Securities”), or exercise any right with respect to the registration of any of the Lock-Up
Securities, or file or request or demand or cause to be filed any registration statement in connection therewith, under the Securities Act of 1933, as amended, or (ii) enter into any swap or any other agreement or any transaction that
transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of the Lock-Up Securities, whether any such swap or transaction is to be settled by delivery of Common Stock or other securities, in cash or otherwise,
except as set forth in the following sentence. Each Locked-Up Person may sell a number of shares of Common Stock equal to the number of shares of Common Stock that are vested and not subject to Selling Restrictions (as defined in the Company’s
2012 Equity Replacement Plan, 2012 Stock Option Plan or 2012 Equity Incentive Plan) held by such Locked-Up Person multiplied by a fraction, the numerator of which is the number of shares of Common Stock sold by HH, Catterton and Tower Three and the
denominator of which is the total number of shares of Common Stock owned by HH, Catterton and Tower Three immediately prior to such sale (the “Pro Rata Amount”). Any sales of the Pro Rata Amount of a Locked-Up Person must be made at
the same time and in the same manner as the sale by HH, Catterton and/or Tower Three. No Locked-Up Person has any obligation to sell his or her Pro Rata Amount at any time. The Lock-Up Securities shall not include shares of Common Stock sold in the
Company’s initial public offering. Any waivers of or consents to sell outside of the parameters of this Section 3.05(c) must be approved by the Board of Directors of the Company. In the event that HH, Catterton or Tower Three
propose to sell any shares of Common Stock (a “Sale Opportunity”), such party shall provide notice to the Company of such potential Sale Opportunity. Promptly, but in no event more than five Business Days after receipt by the
Company of a notice referred to in the prior sentence, the Company will give written notice to each of the Locked-Up Persons (the “Sale Notice”), including the proposed amount and manner of sale. A Demand Registration Notice shall
constitute a Sale Notice for purposes hereof. To the extent that the proposed Sale Opportunity by HH, Catterton or Tower Three is completed, then any Locked-Up Person that has elected to include Lock-Up Securities in such sale in a written notice or
notices given to the Company within ten (10) days after the date of the Sale Notice may sell up to his or her Pro Rata Amount based on the actual amount sold by HH, Catterton and Tower Three in such Sale Opportunity. No amendment to this
Section 3.05(c) that is adverse to the interests of the persons 

  
 14 

 
subject thereto shall be made without the written consent of the Locked-Up Persons holding a majority in interest of all Registrable Securities held by all Locked-Up Persons. 

(d) Notwithstanding Section 3.05(c), and subject to the conditions below, each Locked-Up Person may transfer the Lock-Up
Securities without the prior written consent of the Company, provided that (1) the Company receives a signed lock-up agreement for the balance of the lock-up period from each beneficiary, donee, trustee, distributee, or transferee, as the case
may be and (2) any such transfer shall not involve a disposition for value: 
 (i) as a bona fide gift or gifts;

 (ii) by will or intestacy or to any trust for the direct or indirect benefit of the Locked Up Person or the immediate family
of the Locked-Up Person (for purposes of this lock-up agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin); or 

(iii) as a distribution by a trust to its beneficiaries. 
 (e) Notwithstanding Section 3.05(c), Gary Friedman shall have a first priority right over the Holders to sell up to the following amount of vested shares of Common Stock that are not subject
to selling restrictions (the “Priority Sale Amount”): ten percent (10%) of the aggregate number of shares sold in the first Public Offering by the Company after the Company’s initial public offering (the “First
Follow On Offering”), but in no event more than $15 million worth of shares of Common Stock in such offering, based on the public offering price of shares of Common Stock in such Public Offering. If the Pro Rata Amount of Mr. Friedman
in the First Follow On Offering would be more than the Priority Sale Amount, then he will have priority over HH and the other stockholders of the Company for the sale of the Priority Sale Amount, and any remaining portion of his Pro Rata Amount may
be sold if there is availability in the offering, subject to pro rata cutback with the other parties hereto. If there is not enough capacity in the Company’s First Follow On Offering for the Priority Sale Amount due to sales by the Company or
otherwise, then Mr. Friedman may sell the unsold portion of his Priority Sale Amount in the Company’s next Public Offering on the same basis as set forth above. If there is capacity in the First Follow On Offering but Mr. Friedman
elects not to sell all or a portion of the Priority Sale Amount, the Priority Sale Amount shall not be applicable in any future Public Offering by the Company. In the event that the First Follow On Offering occurs prior to the date on which the
lockup between Mr. Friedman and the underwriters in connection with the Company’s initial public offering (the “IPO Lockup”) expires, HH agrees not to sell any shares in such First Follow On Offering unless
Mr. Friedman is also released from such IPO Lockup to an extent that would permit him to sell shares in such First Follow On Offering as specified in this Agreement (provided that in no event shall HH be prevented from selling shares in such
First Follow On Offering if Mr. Friedman does not sell shares in such First Follow On Offering for any reason other than a failure to be released from the IPO Lockup or breach of this Agreement). No amendment to this Section 3.05(e)
shall be made without Mr. Friedman’s written consent. 
 SECTION 3.06. Participation in Registrations. No
Holder may participate in any Registration hereunder which is underwritten unless such Holder (a) agrees to sell its securities 

  
 15 

 
on the basis provided in any underwriting arrangements approved by the Company and the Demand Holders selling Registrable Securities in such Registration (provided, that such underwriting
arrangements shall not limit any Holder’s rights under this Agreement), and (b) completes and executes all questionnaires, powers of attorney, underwriting agreements and other documents customarily and reasonably required under the terms
of such underwriting arrangements. 
 SECTION 3.07. Rule 144. The Company shall file any reports required to be filed by
it under the Securities Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder, and it will take such further action as any Holder may reasonably request to enable such Holder to sell Registrable Securities
without registration under the Securities Act as permitted by (i) Rule 144 under the Securities Act, or (ii) any similar rules or regulations hereafter adopted by the Commission. Upon the request of a Holder of Registrable Securities, the
Company, at its own expense, will deliver to such Holder: (x) a written statement as to whether it has complied with the requirements that would make the exemption provided by such rule available to such Holder; (y) a copy of the most
recent annual or quarterly report of the Company; and (z) such other reports and documents as such Holder may reasonably request in order to avail itself of any rule or regulation of the Commission allowing it to sell Registrable Securities
without registration. 
 ARTICLE IV. 
 MISCELLANEOUS 
 SECTION 4.01. Notices. Except as otherwise specified
herein, all notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered or certified mail, return receipt requested, postage prepaid or otherwise delivered by hand, messenger, facsimile
transmission or electronic mail and shall be given to such party at its address or facsimile number set forth on the signature pages hereof or such other address or facsimile number as such party may hereafter specify in writing in accordance with
this Section 4.01; provided, that: 
 (a) unless otherwise specified by HH in a notice delivered by HH in
accordance with this Section 4.01, any notice required to be delivered to HH shall be properly delivered if delivered to: 
 Home Holdings, LLC 
 c/o Catterton Management Company, LLC 

599 West Putnam Avenue 
 Greenwich, CT 06830 
 Fax: (203) 629-4903 

Attention: Marc Magliacano 

  
 16 

 And c/o Tower Three Partners LLC 

2 Sound View Drive 
 Greenwich, CT 06830 
 Fax: (203) 485-5885 

Attention: William B. Forrest 
 with a copy (which shall not constitute notice) to: 
 Gibson, Dunn &
Crutcher LLP 
 555 Mission Street 
 San Francisco, CA 94109 
 Fax: (415) 393-8306 

Attention: Stewart McDowell 
 and 
 Weil, Gotshal & Manges LLP 

767 Fifth Avenue 

New York, New York 10153 
 Fax: (212) 310-8007 
 Attention: Douglas Warner 

(b) unless otherwise specified by the Company in a notice delivered by the Company in accordance with this Section 4.01, any
notice required to be delivered to the Company shall be properly delivered if delivered to: 
 Restoration Hardware Holdings,
Inc. 
 15 Koch Road, Suite J 
 Corte Madera, CA 94925 
 Fax: (415) 927-7264 

Attention: Chief Financial Officer 
 with a copy (which shall not constitute notice) to: 
 Morrison & Foerster
LLP 
 425 Market Street 
 San Francisco, CA 94105 
 Fax: (415) 276-7113 

Attention: Gavin Grover 
 (c) Unless otherwise specified by such Holder in a notice delivered by the Company in accordance with this Section 4.01, any notice required to be delivered to a Holder shall be properly
delivered if delivered to the address of such Holder as set forth on the signature page of this Agreement or the applicable Consent of Holders of Registrable Securities, as applicable. 

SECTION 4.02. Binding Effect; Benefits. This Agreement shall be binding upon and inure to the benefit of the parties to this
Agreement (including for the avoidance of doubt, the 

  
 17 

 
Persons listed on Schedule A hereto) and their respective successors and permitted assigns. Except as set forth in Section 3.04, nothing in this Agreement, express or implied, is
intended or shall be construed to give any Person other than the parties to this Agreement or their respective successors or permitted assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision
contained herein. 
 SECTION 4.03. Amendment. This Agreement may not be amended, restated, modified or supplemented in
any respect and the observance of any term of this Agreement may not be waived except by a written instrument executed by the Company, HH, Catterton and Tower Three; provided further, that no amendment, modification or waiver that adversely affects
those Holders listed on Schedule A hereto in comparison to other Holders of Registrable Securities shall be affected without the prior written consent of the Holders listed on Schedule A holding a majority in interest of all Registrable Securities
held by such Holders listed on Schedule A. 
 SECTION 4.04. Assignability. Neither this Agreement nor any right, remedy,
obligation or liability arising hereunder or by reason hereof shall be assignable by either the Company or any Holder except as otherwise expressly stated hereunder; provided that a Holder may assign all of its rights, remedies, obligations and
liabilities arising under this Agreement in connection with a direct or indirect transfer or sale of such Holder’s Common Stock other than in a Public Offering, so long as the assignee agrees to be bound by, and the assignor is not then in
breach of, the terms of this Agreement or any other agreement between such person and the Company. 
 SECTION 4.05. Governing
Law; Submission to Jurisdiction. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware, without giving effect to its principles of conflict of laws. The parties hereto irrevocably submit,
in any legal action or proceeding relating to this Agreement, to the jurisdiction of the courts of the United States located in the State of Delaware or in any Delaware state court located in New York county and consent that any such action or
proceeding may be brought in such courts and waive any objection that they may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum. 

SECTION 4.06. Enforcement. The Holders agree that irreparable damage (for which monetary damages, even if available, would not be
an adequate remedy) would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms on a timely basis or were otherwise breached. It is accordingly agreed that the Holders shall be
entitled to an injunction, specific performance and other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in any court identified in Section 4.05 above without
the need to post bond, this being in addition to any other remedy to which they are entitled at law or in equity. 
 SECTION
4.07. Severability. If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 18 

 SECTION 4.08. Additional Securities Subject to Agreement. All shares of Capital Stock
of the Company that any Holder hereafter acquires by means of a stock split, stock dividend, distribution, exercise of options or warrants or otherwise (other than pursuant to a public offering) whether by merger, consolidation or otherwise
(including shares of a surviving corporation into which the shares of Capital Stock of the Company are exchanged in such transaction) will be subject to the provisions of this Agreement to the same extent as if held on the date of the this
Agreement. 
 SECTION 4.09. Section and Other Headings. The section and other headings contained in this Agreement are
for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 
 SECTION 4.10.
Counterparts. This Agreement may be executed in any number of counterparts, each of which may be executed by less than all of the parties hereto, each of which shall be enforceable against the parties actually executing such counterparts, and
all of which together shall constitute one instrument. 
 SECTION 4.11. Waiver of Jury Trial. Each party to this
Agreement hereby irrevocably and unconditionally waives to the fullest extent permitted by applicable law all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating
to the actions of the parties hereto pursuant to this Agreement or in the negotiation, administration, performance or enforcement of this Agreement. 
 SECTION 4.12. Entire Agreement. This Agreement supersedes all prior agreements, whether written or oral, between the parties with respect to its subject matter (including this Agreement) and
constitutes (along with the exhibits and other documents delivered pursuant to this Agreement) a complete and exclusive statement of the terms of the agreement between the parties with respect to its subject matter. 

[SIGNATURE PAGES FOLLOW] 

  
 19 

 IN WITNESS WHEREOF, the Company and each Holder have executed this Agreement as of the day
and year first above written. 
  

			
	RESTORATION HARDWARE HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	HOME HOLDINGS, LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CP HOME HOLDINGS
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address:
	
	 CP Home Holdings

c/o Catterton Management Company, LLC

	599 West Putnam Avenue
	Greenwich, CT 06830
	Fax: (203) 629-4903
	Attention: Marc Magliacano
	
	With a copy (which shall not constitute notice) to:
	
	Gibson, Dunn & Crutcher LLP
	555 Mission Street
	San Francisco, CA 94109
	Fax: (415) 393-8306
	Attention: Stewart McDowell

 Signature Page 

 
			
	TOWER THREE HOME LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address:
	
	Tower Three Home LLC
	2 Sound View Drive
	Greenwich, CT 06830
	Fax: (203) 485-5885
	Attention: William Forrest
	
	With a copy (which shall not constitute notice) to:
	
	Weil, Gotshal & Manges LLP
	767 Fifth Avenue
	New York, New York 10153
	Fax: (212) 310-8007
	Attention: Douglas Warner
	
	GLENHILL CAPITAL OVERSEAS MASTER FUND, LP
		
	By:	 	GLENHILL CAPITAL OVERSEAS GP, LTD., its General Partner
		
	By:	 	GLENHILL CAPITAL MANAGEMENT, LLC, its Sole Shareholder
		
	By:	 	GLENHILL ADVISORS, LLC, its Managing Member
		
	By:	 	  

		 	Name:
		 	Title:

  
 21 

 
			
	GLENHILL CAPITAL LP
		
	By:	 	GLENHILL CAPITAL MANAGEMENT, LLC, its General Partner
		
	By:	 	GLENHILL ADVISORS, LLC, its Managing Member
		
	By:	 	  

		 	Name:
		 	Title:
	
	GLENN J. KREVLIN, TRUSTEE OF THE GLENN J. KREVLIN REVOCABLE TRUST
		
	By:	 	  

		 	Name:
		 	Title:
	
	KREVLIN 2005 GIFT TRUST
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address:
	
	c/o Glenn Krevlin
	600 Fifth Avenue, 11th Floor
	New York, NY 10020
	
	With a copy (which shall not constitute notice) to:
	
	Ellenoff Grossman & Schole LLP
	150 East 42nd Street
	New York, New York 10017
	Fax: (212) 370-7889
	Attention: Joshua Englard

  
 22 

 SCHEDULE A 
 Gary Friedman 
 Carlos Alberini 
 Carlos E. Alberini Family 2012 Trust 
 Ken Dunaj 

Eri Chaya 
 Danielle Hansmeyer 

DeMonty Price 
 Karen Boone 

Matt Salmonson 
 Bonnie Orofino 

Frances Hamman 
 Mike MacKay 

  
 Schedule A

 EXHIBIT A 
 CONSENT OF HOLDERS OF REGISTRABLE SECURITIES 
 I,
                     have read and hereby agree to be party to and bound by the terms and provisions of the Registration Rights Agreement, dated as
of             , 2012 (the “Registration Rights Agreement”), among Restoration Hardware Holdings, Inc. and the stockholders party thereto in respect of shares of common
stock of Restoration Hardware Holdings, Inc. that I beneficially own. 
 I acknowledge that if I have agreed with the Company,
another Holder or any other Person, to lock-ups or other restrictions on sale of my Registrable Securities, then such other agreements or restrictions shall govern the sale of my Registrable Securities, and may reduce my rights to participate in a
particular Registration under the Registration Rights Agreement. 
 IN WITNESS WHEREOF, the undersigned has executed this
Consent of Holders of Registrable Securities this      day of             , 20    . 

 

			
	  

	Name:	 	
		
	Address:	 	  

		 	  

  
 Exhibit A

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