Document:

Form of Registration Rights Agreement

 Exhibit 4.1 

REGISTRATION RIGHTS AGREEMENT 

REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 31, 2006, among LINC LOGISTICS
COMPANY, a Michigan corporation (the “Company”), Matthew T. Moroun (“M.T. Moroun”), and The Manuel J. Moroun Revocable Trust u/A 3/27/77 (the “Trust”). 

RECITALS 

For good and valuable consideration, the receipt of which is hereby acknowledged, the Company desires to provide to each Holder the
rights to register the Registrable Securities held by them under the Securities Act on the terms and subject to the conditions set forth herein. 

ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the following capitalized terms shall have the following respective
meanings: 
 “Action” - Any action, suit, arbitration, inquiry, proceeding or investigation by or before any
governmental entity. 
 “Common Stock” - The Company’s common stock, no par value per share. 

“Exchange Act” - The Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 “Holder” - Any holder of Registrable Securities (including any direct or indirect transferee of M.T. Moroun
or the Trust) who agrees in writing to be bound by the provisions of this Agreement. 
 “Morouns” - M.T. Moroun
and the Trust, collectively. 
 “Person” - Any individual, partnership, joint venture, corporation, limited
liability company, trust, unincorporated organization, enterprise or government or any department or agency thereof. 

“Registrable Securities” - Any shares of Common Stock. Any particular Registrable Securities that are issued shall cease
to be Registrable Securities when (i) a registration statement with respect to the sale by the Holder of such securities shall have become effective under the Securities Act and such securities shall have been disposed of in accordance with
such registration statement, (ii) such securities shall have been distributed to the public pursuant to Rule 144 (or any successor provision) under the Securities Act or (iii) such securities shall have ceased to-be outstanding.

 “Registration Expenses” - Any and all expenses incident to performance of
or compliance with this Agreement, including, without limitation, (i) all SEC and stock exchange or National Association of Securities Dealers, Inc. (the “NASD”) registration and filing fees (including, if applicable, the fees and
expenses of any “qualified independent underwriter,” as such term is defined in Schedule E to the By-laws of the NASD, and of its counsel), (ii) all fees and expenses of complying with securities or blue sky laws (including fees and
disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities), (iii) all printing, messenger and delivery expenses, (iv) all fees and expenses incurred in connection with the
listing of the Registrable Securities on any securities exchange pursuant to clause (viii) of Section 3.1 and all rating agency fees, (v) the fees and disbursements of counsel for the Company and of its independent public accountants,
including the expenses of any special audits and/or “cold comfort” letters required by or incident to such performance and compliance, (vi) the reasonable fees and disbursements of counsel selected pursuant to Section 6.1 hereof
by the Holders of the Registrable Securities being registered to represent such Holders in connection with each such registration, (vii) any fees and disbursements of underwriters customarily paid by the issuers or sellers of securities, but
excluding underwriting discounts and commissions and transfer taxes, if any, (viii) fees and expenses incurred by the Company or the Holders participating in such registration in connection with any “road show” including travel and
accommodations, and (ix) other reasonable out-of-pocket expenses of Holders (provided that such expenses shall not include expenses of counsel other than those provided for in clause (vi) above). 

“Securities Act” - The Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “SEC” - The Securities and Exchange Commission or any other federal agency at the time administering the
Securities Act or the Exchange Act and other federal securities laws. 
 ARTICLE II 

RIGHTS 

Section 2.1 Piggyback Rights. 

(a) Right to Include Registrable Securities. If the Company at any time after the date hereof proposes to register
its Common Stock (or any security which is convertible into or exchangeable or exercisable for Common Stock) under the Securities Act (other than a registration on Form S-4 or S-8, or any successor or other forms promulgated for similar purposes),
whether or not for sale for its own account, it will, at each such time, give prompt written notice to all Holders of Registrable Securities of its intention to do so and of such Holders’ rights under this Article II. Upon the written request
of any such Holder made within 20 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by such Holder), the Company will, as expeditiously as practicable, use its reasonable
best efforts to effect the registration under the Securities Act of all Registrable Securities which the Company has been so requested to register by the Holders thereof, to the extent requisite

  

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to permit the disposition of the Registrable Securities so to be registered; provided that (i) if, at any time after giving written notice of its intention to register any securities
and prior to the effective date of the registration statement filed in connection with such registration, the Company shall determine for any reason not to proceed with the proposed registration of the securities to be sold by it, the Company may,
at its election, give written notice of such determination to each Holder of Registrable Securities and, thereupon, shall be relieved of its obligation to register any Registrable Securities in connection with such registration (but not from its
obligation to pay the Registration Expenses in connection therewith), and (ii) if such registration involves an underwritten offering, all Holders of Registrable Securities requesting to be included in the Company’s registration must sell
their Registrable Securities to the underwriters selected by the Company on the same terms and conditions as apply to the Company, with such differences, including any with respect to indemnification and liability insurance, as may be customary or
appropriate in combined primary and secondary offerings. If a registration requested pursuant to this Section 2.1(a) involves an underwritten public offering, any Holder of Registrable Securities requesting to be included in such registration
may elect, in writing prior to the effective date of the registration statement filed in connection with such registration, not to register such securities in connection with such registration. 

(b) Expenses. The Company will pay all Registration Expenses in connection with each registration of Registrable
Securities requested pursuant to this Section 2.1. 
 Section 2.2 Priority in Piggyback Registrations. If a
registration pursuant to this Section 2.1 involves an underwritten offering and the managing underwriter advises the Company in writing that, in its opinion, the number of securities requested to be included in such registration exceeds the
number which can be sold in such offering, so as to be likely to have a materially adverse effect on the price, timing or distribution of the securities offered in such offering as contemplated by the Company (other than the Registrable Securities),
then the Company will include in such registration (i) first, 100% of the securities the Company proposes to sell, (ii) second, to the extent that the number of Registrable Securities requested to be included in such registration pursuant
to this Section 2.1 can, in the opinion of such managing underwriter, be sold without having the materially adverse effect referred to above, the number of Registrable Securities which the Holders have requested to be included in such
registration, such amount to be allocated pro rata among all requesting Holders on the basis of the relative number of shares of Registrable Securities then held by each such Holder (provided that any shares thereby allocated to any such
Holder that exceed such Holder’s request will be reallocated among the remaining requesting Holders in like manner) and (iii) third, to the extent that the number of Registrable Securities requested to be included in such registration can,
in the opinion of such managing underwriter, be sold without having the materially adverse effect referred to above, the number of Registrable Securities held by any other Person which have the right to be included in such registration. 

Section 2.3 Additional Rights. If the Company at any time grants to any other holders of Common Stock any rights to request
the Company to effect the registration under the Securities Act of any such shares of Common Stock on terms more favorable to such holders than the terms set forth in Section 2.1, the terms of Section 2.1 shall be deemed amended or
supplemented to the extent necessary to provide the Holders such more favorable rights and benefits. 
  

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 ARTICLE III 

REGISTRATION PROCEDURES 

Section 3.1 Registration Procedures. If and whenever the Company is required to use its reasonable best efforts to effect or
cause the registration of any Registrable Securities under the Securities Act as provided in this Agreement, the Company will, as expeditiously as possible: 

(i) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its
reasonable best efforts to cause such registration statement to become effective, provided, however, that the Company may discontinue any registration of its securities which is being effected pursuant to Section 2.1 at any time prior to
the effective date of the registration statement relating thereto; 
 (ii) prepare and file with the SEC such
amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period not in excess of 270 days and to comply with the provisions of
the Securities Act, the Exchange Act and the rules and regulations of the SEC thereunder with respect to the disposition of all securities covered by such registration statement during such period in accordance with the intended methods of
disposition by the seller or sellers thereof set forth in such registration statement; provided that before filing a registration statement or prospectus, or any amendments or supplements thereto, the Company will use its reasonable best
efforts to furnish such registration statement or prospectus, or any amendments or supplements thereto to counsel selected pursuant to Section 6.1 hereof by the Holders of the Registrable Securities covered by such registration statement to
represent such Holders; 
 (iii) furnish to each seller of such Registrable Securities such number of copies of
such registration statement and of each amendment and supplement thereto (in each case including all exhibits filed therewith, including any documents incorporated by reference), such number of copies of the prospectus included in such registration
statement (including each preliminary prospectus and summary prospectus), in conformity with the requirements of the Securities Act, and such other documents as such seller may reasonably request in order to facilitate the disposition of the
Registrable Securities by such seller; 
 (iv) use its reasonable best efforts to register or qualify such
Registrable Securities covered by such registration in such jurisdictions as each seller shall reasonably request, and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such seller, except that the Company 
  

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shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction where, but for the requirements of this clause (iv), it would not be
obligated to be so qualified, to subject itself to taxation in any such jurisdiction or to consent to general service of process in any such jurisdiction; 

(v) use its reasonable best efforts to cause such Registrable Securities covered by such registration statement to be
registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities; 

(vi) notify each seller of any such Registrable Securities covered by such registration statement, at any time when a
prospectus relating thereto is required to be delivered under the Securities Act within the appropriate period mentioned in clause (ii) of this Section 3.1, of the Company’s becoming aware that the prospectus included in such
registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances
then existing, and at the request of any such seller, prepare and furnish to such seller a reasonable number of copies of an amended or supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such
Registrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances then existing; 
 (vii) use its reasonable best efforts to comply with all applicable rules and
regulations of the SEC, and make available to its security holders, as soon as reasonably practicable after the effective date of the registration statement, an earnings statement which shall satisfy the provisions of Section 11(a) of the
Securities Act and the rules and regulations promulgated thereunder; 
 (viii) (a) use its reasonable best
efforts to list such Registrable Securities on any securities market or exchange on which the Common Stock is then listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such
exchange; and (b) use its reasonable best efforts to provide a transfer agent and registrar for such Registrable Securities covered by such registration statement not later than the effective date of such registration statement; 

(ix) enter into such customary agreements (including an underwriting agreement in customary form), which may include
indemnification provisions in favor of underwriters and other persons in addition to, or in substitution for the provisions of Article IV hereof, and take such other actions as sellers of a majority of shares of such Registrable Securities or the
underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities; 

(x) obtain a “cold comfort” letter or letters from the Company’s independent public accountants in
customary form and covering matters of the type customarily covered by “cold comfort” letters as the seller or sellers of a majority of shares of such Registrable Securities shall reasonably request (provided that Registrable
Securities constitute at least 25% of the securities covered by such registration statement); 
  

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 (xi) make available for inspection by any seller of such Registrable
Securities covered by such registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such seller or any such
underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably requested by any such
seller, underwriter, attorney, accountant or agent in connection with such registration statement; 
 (xii)
notify counsel (selected pursuant to Section 6.1 hereof) for the Holders of Registrable Securities included in such registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (a) when the
registration statement, or any post-effective amendment to the registration statement, shall have become effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (b) of the receipt of any comments from
the SEC, (c) of any request of the SEC to amend the registration statement or amend or supplement the prospectus or for additional information and (d) of the issuance by the SEC of any stop order suspending the effectiveness of the
registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in any jurisdiction, or of the institution or
threatening of any proceedings for any of such purposes; 
 (xiii) make every reasonable effort to prevent the
issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain the withdrawal of any such order at the
earliest possible moment; 
 (xiv) if requested by the managing underwriter or agent or any Holder of Registrable
Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such Holder reasonably requests to be included therein, including,
without limitation, with respect to the number of Registrable Securities being sold by such Holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with respect to any other terms of the
underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such
prospectus supplement or post-effective amendment; 
 (xv) cooperate with the Holders of Registrable Securities
covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing securities to be sold under the registration
statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any, or such Holders may request; 
  

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 (xvi) obtain for delivery to the Holders of Registrable Securities being
registered and to the underwriter or agent an opinion or opinions from counsel for the Company in customary form and in form, substance and scope reasonably satisfactory to such Holders, underwriters or agents and their counsel; and 

(xvii) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition
of such Registrable Securities and their respective counsel in connection with any filings required to be made with the NASD. 

Each Holder of Registrable Securities agrees as a condition to the registration of such Holder’s Registrable Securities as provided
herein to furnish the Company with such information regarding such seller and pertinent to the disclosure requirements relating to the registration and the distribution of such securities as the Company may from time to time reasonably request in
writing. 
 Each Holder of Registrable Securities agrees that, upon receipt of any notice from the Company of the happening of
any event of the kind described in clause (vi) of this Section 3.1, such Holder will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such
Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by clause (vi) of this Section 3.1, and, if so directed by the Company, such Holder will deliver to the Company (at the Company’s expense) all
copies, other than permanent file copies then in such Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period
mentioned in clause (ii) of this Section 3.1 shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to clause (vi) of this Section 3.1 and including the date
when each seller of Registrable Securities covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by clause (vi) of this Section 3.1. 

Section 3.2 Restrictions on Disposition. Each Holder agrees that, in connection with an offering of the Company’s
securities or of the underwriters managing any underwritten offering of the Company’s securities, it will not effect any sale, disposition or distribution of Registrable Securities (other than those included in the registration) without the
prior written consent of the managing underwriter for such period of time (not to exceed 180 days) from the effective date of such registration as the Company or the underwriters may specify. 

ARTICLE IV 

INDEMNIFICATION 

Section 4.1 Indemnification by the Company. In the event of any registration of any securities of the Company under the
Securities Act pursuant to Section 2.1, the Company will, and it hereby does, indemnify and hold harmless, to the extent permitted by law, the seller of any 

 

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Registrable Securities covered by such registration statement, each affiliate of such seller and their respective trustees, directors and officers or general and limited partners (including any
director, officer, affiliate, employee, agent and controlling Person of any of the foregoing), each other Person who participates as an underwriter in the offering or sale of such securities and each other Person, if any, who controls such seller or
any such underwriter within the meaning of the Securities Act (collectively, the “Indemnified Parties”), against any and all Actions (whether or not an Indemnified Party is a party thereto), losses, claims, damages or liabilities, joint or
several, and expenses (including reasonable attorney’s fees and reasonable expenses of investigation) to which such Indemnified Party may become subject under the Securities Act, common law or otherwise, insofar as such losses, claims, damages,
liabilities or expenses (or actions or proceedings in respect thereof, whether or not such Indemnified Party is a party thereto) arise out of, relate to or are based upon (a) any untrue statement or alleged untrue statement of any material fact
contained in any registration statement under which such securities were registered under the Securities Act, any preliminary, final or summary prospectus contained therein, or any amendment or supplement thereto, or (b) any omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under which they were made) not misleading, and the Company will
reimburse such Indemnified Party for any legal or any other expenses reasonably incurred by it in connection with investigating or defending against any such loss, claim, liability, action or proceeding; provided that the Company shall not be liable
to any Indemnified Party in any such case to the extent that any such loss, claim, damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon any untrue statement or alleged untrue statement or omission
or alleged omission made in such registration statement or amendment or supplement thereto or in any such preliminary, final or summary prospectus in reliance upon and in conformity with written information furnished to the Company through an
instrument duly executed by such seller specifically stating that it is for use in the preparation thereof; and provided, further, that the Company will not be liable to any Person who participates as an underwriter in the offering or sale of
Registrable Securities or any other Person, if any, who controls such underwriter within the meaning of the Securities Act, under the indemnity agreement in this Section 4.1(a) with respect to any preliminary prospectus or the final prospectus
or the final prospectus as amended or supplemented, as the case may be, to the extent that any such Action, loss, claim, damage, liability or expense of such underwriter or controlling Person results from the fact that such underwriter sold
Registrable Securities to a Person to whom there was not sent or given, at or prior to the written confirmation of such sale, a copy of the final prospectus or of the final prospectus as then amended or supplemented, whichever is most recent, if the
Company has previously furnished copies thereof to such underwriter. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such seller or any Indemnified Party and shall survive the transfer of
such securities by such seller. 
 Section 4.2 Indemnification by the Seller. The Company may require, as a
condition to including any Registrable Securities in any registration statement filed in accordance with Section 2.1 herein, that the Company shall have received an undertaking reasonably satisfactory to it from the prospective seller of such
Registrable Securities or any underwriter to indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 4.1) the Company and all other prospective sellers with respect to any untrue statement or alleged
untrue statement in or omission or alleged omission from such registration statement, any preliminary 
  

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final or summary prospectus contained therein, or any amendment or supplement, if such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and
in conformity with written information furnished to the Company through an instrument duly executed by such seller or underwriter specifically stating that it is for use in the preparation of such registration statement, preliminary, final or
summary prospectus or amendment or supplement, or a document incorporated by reference into any of the foregoing. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Company or any of the
prospective sellers, or any of their respective affiliates, directors, officers or controlling Persons and shall survive the transfer of such securities by such seller. In no event shall the liability of any selling Holder of Registrable Securities
hereunder be greater in amount than the dollar amount of the gross proceeds after underwriting discounts and commissions, but before expenses, received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification
obligation. 
 Section 4.3 Notices of Claims, Etc. Promptly after receipt by an Indemnified Party hereunder of
written notice of the commencement of any Action with respect to which a claim for indemnification may be made pursuant to this Article IV, such Indemnified Party will, if a claim in respect thereof is to be made against an indemnifying party, give
written notice to the latter of the commencement of such Action; provided that the failure of the Indemnified Party to give notice as provided herein shall not relieve the indemnifying party of its obligations under this Article IV, except to
the extent that the indemnifying party is materially prejudiced by such failure to give notice. In case any such Action is brought against an Indemnified Party, unless in such Indemnified Party’s reasonable judgment a conflict of interest
between such Indemnified Party and indemnifying parties may exist in respect of such Action, the indemnifying party will be entitled to participate in and to assume the defense thereof (at its expense), jointly with any other indemnifying party
similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such Indemnified Party, and after notice from the indemnifying party to such Indemnified Party of its election so to assume the defense thereof, the
indemnifying party will not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party will
consent to entry of any judgment or settle any Action which (i) 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 Action and
(ii) does not involve the imposition of equitable remedies or of any obligations on such Indemnified Party and does not otherwise adversely affect such Indemnified Party, other than as a result of the imposition of financial obligations for
such Indemnified Party will be indemnified hereunder. 
 Section 4.4 Contribution. 

(a) If the indemnification provided for in this Article IV from the indemnifying party is unavailable to an Indemnified
Party hereunder in respect of any Action, losses, damages, liabilities or expenses referred to herein, then the indemnifying party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified
Party as a result of such Action, losses, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and such Indemnified Party in connection with the actions which resulted in such
Action losses, damages, liabilities or expenses, as well as any other 
  

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relevant equitable considerations. The relative fault of such indemnifying party and such Indemnified Party shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such indemnifying party or Indemnified Parties, and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a party under this Section 4.4 as a result of the Action, losses, damages, liabilities and expenses
referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. 

(b) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4
were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in Section 4.4(a) hereof. No Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

Section 4.5 Other Indemnification. Indemnification similar to that specified in the preceding provisions of this Article IV
(with appropriate modifications) shall be given by the Company and each seller of Registrable Securities with respect to any required registration or other qualification of securities under any federal or state law or regulation or governmental
authority other than the Securities Act. 
 Section 4.6 Non-Exclusivity. The obligations of the parties under this
Article IV shall be in addition to any liability which any party may otherwise have to any other party. 
 ARTICLE V

 RULE 144 

Section 5.1 Rule 144. If the Company shall have filed a registration statement pursuant to the requirements of
Section 12 of the Exchange Act or a registration statement pursuant to the requirements of the Securities Act, the Company covenants that it will file the reports required to be filed by it under the Securities Act and the Exchange Act (or, if
the Company is not required to file such reports, it will, upon the request of the Morouns, make publicly available such information), and it will take such further action as any Holder of Registrable Securities (or, if the Company is not required
to file reports as provided above, the Morouns) may reasonably request, all to the extent required from time to time to enable such Holder to sell shares of Registrable Securities without registration under the Securities Act within the limitation
of the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (ii) any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder of Registrable
Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements. Notwithstanding anything contained in this Article V, the Company may deregister under Section 12 of the Exchange Act
if it then is permitted to do so pursuant to the Exchange Act. 
  

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 ARTICLE VI 

SELECTION OF COUNSEL 

Section 6.1 Selection of Counsel. In connection with any registration of Registrable Securities pursuant to Section 2.1
hereof, the Holders of a majority of the Registrable Securities covered by any such registration may select one counsel to represent all Holders of Registrable Securities covered by such registration; provided, however, that in the event that
the counsel selected as provided above is also acting as counsel to the Company in connection with such registration, the remaining Holders shall be entitled to select one additional counsel to represent all such remaining Holders. 

ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Amendments and Waivers. This Agreement may not be amended except by an instrument in writing signed on behalf of
the Company and each of the Morouns. Each holder of any Registrable Securities at the time or thereafter outstanding shall be bound by any amendment authorized by this Section, whether or not such Registrable Securities shall have been marked to
indicate such amendment. 
 Section 7.2 Successors, Assigns and Transferees. This Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and their respective successors and assigns. 
 Section 7.3
Notices. All notices and other communications provided for hereunder shall be in writing and shall be sent by first class mail, fax or hand delivery: 
  

					
	(i)	  	if to the Company, to:	  	LINC Logistics Company
		  		  	11355 Stephens Road
		  		  	Warren, MI 48089
		  		  	(586) 467-1500
		  		  	Attention: Chief Financial Officer
			
	(ii)	  	with copies to:	  	Mitchell, Williams, Selig,
		  		  	Gates & Woodyard, P.L.L.C.
		  		  	425 W. Capitol Ave., Suite 1800
		  		  	Little Rock, AR 72201
		  		  	(501) 688-8800
		  		  	Attention: C. Douglas Buford, Jr.

  

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	(iii)	  	if to the Morouns to:	  	CenTra, Inc.
		  		  	12225 Stephens Road
		  		  	Warren, MI 48089
		  		  	Attention: Frederick P. Calderone
		  		  	Fax: (586) 755-2066

 All such notices and
communications shall be deemed to have been given or made (a) when delivered by hand, (b) five business days after being deposited in the mail, postage prepaid or (c) when faxed, receipt acknowledged. 

Section 7.4 Descriptive Headings. The headings in this Agreement are for convenience of reference only and shall not limit or
otherwise affect the meaning of terms contained herein. 
 Section 7.5 Severability. In the event that any one or
more of the provisions, paragraphs, words, clauses, phrases or sentences contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision, paragraph, word, clause, phrase or sentence in every other respect and of the remaining provisions, paragraphs, words, clauses, phrases or sentences hereof shall not be in any way impaired, it being intended
that all rights, powers and privileges of the parties hereto shall be enforceable to the fullest extent permitted by law. 

Section 7.6 Counterparts. This Agreement may be executed in counterparts, and by different parties on separate counterparts,
each of which shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 

Section 7.7 Governing Law; Submission to Jurisdiction. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Michigan. The parties to this Agreement hereby agree to submit to the jurisdiction of the courts of the State of Michigan, the federal courts sitting in Michigan. Each of the parties to this Agreement hereby
irrevocably and unconditionally agrees to be subject to and hereby consents and submits to, the jurisdiction of the courts of the State of Michigan and of the federal courts sitting in Michigan. 

Section 7.8 Specific Performance. The parties hereto acknowledge and agree that irreparable damage would occur in the event
that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, it is agreed that they shall be entitled to an injunction or injunctions to prevent breaches of the
provisions of this Agreement and to enforce specifically the terms and provisions hereof, in addition to any other remedy to which they may be entitled at law or in equity. 

[Remainder of page intentionally left blank.] 

 

 12 

 IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this
Agreement to be duly executed on its behalf as of the date first written above. 
  

			
	LINC LOGISTICS COMPANY
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	  
 Matthew T.
Moroun

  

			
	THE MANUEL J. MOROUN REVOCABLE TRUST u/A 3/27/77
		
	By:	 	 
	Name: 	 	 
	Title:	 	Trustee

 Signature page to
Registration Rights Agreement 
  

 13LINC Logistics Company Long-Term Incentive Plan

 Exhibit 10.1 

LINC LOGISTICS COMPANY 

LONG-TERM INCENTIVE PLAN 

Adopted by Board on August 19, 2010 

Approved by Shareholders on August 19, 2010 

[Termination Date: August 19, 2020] 

1. PURPOSES. 
 (a) Eligible
Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. 

(b) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock Awards may be
given an opportunity to benefit from increases in value of the Common Stock through the granting of Stock Awards including, but not limited to: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options, (iii) Restricted Stock
Bonuses, (iv) Restricted Stock Purchase Rights, (v) Stock Appreciation Rights, (vi) Phantom Stock Units, (vii) Restricted Stock Units, (viii) Performance Share Bonuses, and (ix) Performance Share Units. 

(c) General Purpose. The Company, by means of this Plan, seeks to provide incentives for the group of persons eligible to receive
Stock Awards to exert maximum efforts for the success of the Company and its Affiliates. 
 2. DEFINITIONS. 

(a) “Affiliate” means generally with respect to the Company, any entity directly, or indirectly through one or more
intermediaries, controlling or controlled by (but not under common control with) the Company. Solely with respect to the granting of any Incentive Stock Options, Affiliate means any parent corporation or subsidiary corporation of the Company,
whether now or hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 
 (b)
“Beneficial Owner” means the definition given in Rule 13d-3 promulgated under the Exchange Act. 
 (c)
“Board” means the Board of Directors of the Company. 
 (d) “Change of Control” means the occurrence of any
of the following events: 
  

	 	(i)	The sale, exchange, lease or other disposition of all or substantially all of the assets of the Company to a person or group of related persons, as such terms are
defined or described in Sections 3(a)(9) and 13(d)(3) of the Exchange Act (other than CenTra, Inc. and its affiliates, Manuel J. Moroun and his affiliates, Matthew T. Moroun and his affiliates, or any group in which any of the foregoing is a
member), that will continue the business of the Company in the future; 

	 	(ii)	A merger or consolidation involving the Company in which the voting securities of the Company owned by the shareholders of the Company immediately prior to such merger
or consolidation do not represent, after conversion if applicable, more than fifty percent (50%) of the total voting power of the surviving controlling entity outstanding immediately after such merger or consolidation; provided that any person
who (1) was a beneficial owner (within the meaning of Rules 13d-3 and 13d-5 promulgated under the Exchange Act) of the voting securities of the Company immediately prior to such merger or consolidation, and (2) is a beneficial owner of
more than 20% of the securities of the Company immediately after such merger or consolidation, and (3) is not CenTra, Inc. or one of its affiliates, Manuel J. Moroun or one of his affiliates, Matthew T. Moroun or one of his affiliates, or any
group in which any of the foregoing is a member, shall be excluded from the list of “shareholders of the Company immediately prior to such merger or consolidation” for purposes of the preceding calculation; 

 

	 	(iii)	Any person or group (other than CenTra, Inc. and its affiliates, Manuel J. Moroun and his affiliates, Matthew T. Moroun and his affiliates, or any group in which any of
the foregoing is a member) is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total voting power of the voting stock of the Company (including by way of merger, consolidation or otherwise) and the representatives of
CenTra, Inc. and its affiliates, Manuel J. Moroun and his affiliates, Matthew T. Moroun and his affiliates, or any group in which any of the foregoing is a member, individually or in the aggregate, cease to have the ability to elect a majority of
the Board (for the purposes of this clause (iii), a member of a group will not be considered to be the Beneficial Owner of the securities owned by other members of the group); 

 

	 	(iv)	A dissolution or liquidation of the Company. 

(e) “Code” means the Internal Revenue Code of 1986, as amended. 

(f) “Committee” means a committee of one or more members of the Board (or other individuals who are not members of the Board to
the extent allowed by law) appointed by the Board in accordance with Subsection 3(c) of the Plan. 
 (g) “Common
Stock” means the common shares of the Company. 
 (h) “Company” means LINC Logistics Company, a Michigan
corporation. 
 (i) “Consultant” means any person, including an advisor, (i) engaged by the Company or an
Affiliate to render consulting or advisory services (including services which are deemed to be consulting or advisory services under applicable federal securities law) and who is compensated for such services or (ii) who is a member of the
Board of Directors of an Affiliate. However, the term “Consultant” shall not include either Directors who are not compensated by the Company for their services as Directors or Directors who are compensated by the Company solely for their
services as Directors. 
  

 2 

 (j) “Continuous Service” means that the Participant’s service with the
Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. The Participant’s Continuous Service shall not be deemed to have terminated merely because of a change in the capacity in which the
Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the
Participant’s Continuous Service. For example, a change in status from an Employee of the Company to a Consultant of an Affiliate or a Director will not constitute an interruption of Continuous Service. The Board or the chief executive officer
of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence approved by the Company or an Affiliate, including sick leave, military leave or any
other personal leave. 
 (k) “Covered Employee” means the chief executive officer and the four (4) other highest
compensated officers of the Company for whom total compensation is required to be reported to shareholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code. 

(l) “Director” means a member of the Board of Directors of the Company. 

(m) “Disability” means the permanent and total disability of a person within the meaning of Section 22(e)(3) of the Code
for all Incentive Stock Options. For all other Stock Awards, unless otherwise defined in the applicable Stock Award agreement, “Disability” means physical or mental incapacitation such that for a period of six (6) consecutive months
or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period, a person is unable to substantially perform his or her duties. Any question as to the existence of that person’s physical or mental
incapacitation as to which the person or person’s representative and the Company cannot agree shall be determined in writing by a qualified independent physician mutually acceptable to the person and the Company. If the person and the Company
cannot agree as to a qualified independent physician, each shall appoint such a physician and those two (2) physicians shall select a third (3rd) who shall make such determination in writing. The determination of Disability made in writing
to the Company and the person shall be final and conclusive for all purposes of the Stock Awards. 
 (n) “Employee”
means any person employed by the Company or an Affiliate. Service as a Director or compensation by the Company or an Affiliate solely for services as a Director shall not be sufficient to constitute “employment” by the Company or an
Affiliate. 
 (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

 

 3 

 (p) “Fair Market Value” means, as of any date, the value of the Common Stock
determined as follows: 
  

	 	(i)	If the Common Stock is listed on any established stock exchange or traded on the NASDAQ Stock Market, the Fair Market Value of a share of Common Stock shall be the last
or closing selling price of the Common Stock as reported on such date on the Composite Tape of the principal national securities exchange on which the Common Stock is listed or admitted to trading, or if no Composite Tape exists for such national
securities exchange on such date, then on the principal national securities exchange on which such the Common Stock is listed or admitted to trading, or, if the Common Stock is not listed or admitted on a national securities exchange, the last or
closing selling price on such date as quoted on the National Association of Securities Dealers Automated Quotation System (or such market in which such prices are regularly quoted), or if no sale of Common Stock shall have been reported on such
Composite Tape or such national securities exchange on such date or quoted on the National Association of Securities Dealers Automated Quotation System on such date, then the immediately preceding date on which sales of the Common Stock have been so
reported or quoted shall be used. 

  

	 	(ii)	In the absence of such markets for the Common Stock, the Fair Market Value shall be determined in good faith by the Board. 

 

	 	(iii)	Notwithstanding the foregoing, if awards are issued in connection with a public offering of stock, then the Fair Market Value shall be deemed to be the public offering
price. 

 (q) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (r) “Listing Date”
means the date on which the initial registration of the Company’s Common Stock under the Securities Act becomes effective. 

(s) “Non-Employee Director” means a Director who either (i) is not a current Employee or Officer of the Company or its
parent or a subsidiary, does not receive compensation (directly or indirectly) from the Company or its parent or a subsidiary for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which
disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction as to which disclosure would be required under
Item 404(a) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3. 

(t) “Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option. 

(u) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the
rules and regulations promulgated thereunder. 
  

 4 

 (v) “Option” means an Incentive Stock Option or a Nonstatutory Stock Option
granted pursuant to the Plan. 
 (w) “Option Agreement” means a written agreement between the Company and an
Optionholder evidencing the terms and conditions of an individual Option grant. Each Option Agreement shall be subject to the terms and conditions of the Plan. 

(x) “Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who
holds an outstanding Option. 
 (y) “Outside Director” means a Director who either (i) is not a current employee
of the Company or an “affiliated corporation” (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a former employee of the Company or an “affiliated corporation” receiving
compensation for prior services (other than benefits under a tax qualified pension plan), was not an officer of the Company or an “affiliated corporation” at any time and is not currently receiving direct or indirect remuneration from the
Company or an “affiliated corporation” for services in any capacity other than as a Director; or (ii) is otherwise considered an “outside director” for purposes of Section 162(m) of the Code. 

(z) “Participant” means a person to whom a Stock Award is granted pursuant to the Plan or, if applicable, such other person who
holds an outstanding Stock Award. 
 (aa) “Performance Share Bonus” means a grant of shares of the Company’s
Common Stock not requiring a Participant to pay any amount of monetary consideration, and subject to the provisions of Subsection 7(f) of the Plan. 

(bb) “Performance Share Unit” means the right to receive one (1) share of the Company’s Common Stock at the time the
Performance Share Unit vests, with the further right to elect to defer receipt of shares of Common Stock otherwise deliverable upon the vesting of an award of performance share units. These Performance Share Units are subject to the provisions of
Subsection 7(g). 
 (cc) “Phantom Stock Unit” means the right to receive the value of one (1) share of the
Company’s Common Stock, subject to the provisions of Subsection 7(d) of the Plan. 
 (dd) “Plan” means this LINC
Logistics Company Long-Term Incentive Plan. 
 (ee) “Restricted Stock Bonus” means a grant of shares of the
Company’s Common Stock not requiring a Participant to pay any amount of monetary consideration, and subject to the provisions of Subsection 7(a) of the Plan. 

(ff) “Restricted Stock Purchase Right,” means the right to acquire shares of the Company’s Common Stock upon the payment
of the agreed-upon monetary consideration, subject to the provisions of Subsection 7(b) of the Plan. 
 (gg) “Restricted
Stock Unit” means the right to receive one (1) share of the Company’s Common Stock at the time the Restricted Stock Unit vests, with the further right to elect to defer receipt of shares of Common Stock otherwise deliverable upon the
vesting of an award of restricted stock. These Restricted Stock Units are subject to the provisions of Subsection 7(e). 
  

 5 

 (hh) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any
successor to Rule l6b-3, as in effect from time to time. 
 (ii) “Securities Act” means the Securities Act of 1933, as
amended. 
 (jj) “Stock Appreciation Right” means the right to receive an amount equal to the Fair Market Value of one
(1) share of the Company’s Common Stock on the day the Stock Appreciation Right is redeemed, reduced by the deemed exercise price or base price of such right. 

(kk) “Stock Award” means any Option, Restricted Stock Bonus, Restricted Stock Purchase Right, Stock Appreciation Right award,
Phantom Stock Unit award, Restricted Stock Unit award, Performance Share Bonus award, Performance Share Unit award, or other stock-based award. These Awards may include, but are not limited to those listed in Subsection 1(b). 

(ll) “Ten Percent Shareholder” means a person who owns (or is deemed to own pursuant to Section 424(d) of the Code) stock
possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any of its Affiliates. 

3. ADMINISTRATION. 
 (a)
Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration to a Committee, as provided in Subsection 3(c). 

(b) Powers of Board. The Board shall have the power, subject to, and within the limitations of, the express provisions of the
Plan: 
  

	 	(i)	To determine from time to time which of the persons eligible under the Plan shall be granted Stock Awards; when and how each Stock Award shall be granted; what type or
combination of types of Stock Award shall be granted; the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive Common Stock pursuant to a Stock Award; and the
number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 

  

	 	(ii)	To construe and interpret the Plan and Stock Awards granted under it, and to establish, amend and revoke rules and regulations for its administration. The Board, in the
exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effective. 

 

	 	(iii)	To amend the Plan or a Stock Award as provided in Section 13 of the Plan. 

 

 6 

	 	(iv)	Generally, to exercise such powers and to perform such acts as the Board deems necessary, desirable, convenient or expedient to promote the best interests of the
Company which are not in conflict with the provisions of the Plan. 

  

	 	(v)	To adopt sub-plans and/or special provisions applicable to Stock Awards regulated by the laws of a jurisdiction other than and outside of the United States. Such
sub-plans and/or special provisions may take precedence over other provisions of the Plan, with the exception of Section 4 of the Plan, but unless otherwise superseded by the terms of such sub-plans and/or special provisions, the provisions of
the Plan shall govern. 

  

	 	(c)	Delegation to Committee. 

  

	 	(i)	General. The Board may delegate administration of the Plan to a Committee or Committees of one or more individuals, and the term “Committee” shall
apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board,
including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee, as applicable), subject,
however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan.

  

	 	(ii)	Committee Composition when Common Stock is Publicly Traded. At such time as the Common Stock is publicly traded, in the discretion of the Board, a Committee may
consist solely of two or more Outside Directors, in accordance with Section 162(m) of the Code, and/or solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. Within the scope of such authority, the Board or the Committee
may (1) delegate to a committee of one or more individuals who are not Outside Directors the authority to grant Stock Awards to eligible persons who are either (a) not then Covered Employees and are not expected to be Covered Employees at
the time of recognition of income resulting from such Stock Award or (b) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (2) delegate to a committee of one or more individuals who
are not Non-Employee Directors the authority to grant Stock Awards to eligible persons who are either (a) not then subject to Section 16 of the Exchange Act or (b) receiving a Stock Award as to which the Board or the Committee elects
not to comply with Rule 16b-3 by having two or more Non-Employee Directors grant such Stock Award. 

  

 7 

 Note 1: For instance, the Board or Committee may instead elect to comply with Rule
16b-3 by having the Board approve the Stock Award, by having the Company’s shareholders approve or ratify the Stock Award, or designing the Stock Award so that the Common Stock must be held by the Participant for a period of at least six
(6) months (in the case of the grant of a Option or SAR, at least six (6) months must elapse from the date of grant until the date of disposition of either (x) the Option or SAR, as applicable, or (y) the underlying Common
Stock)). 
 Note 2: Under NASDAQ Listing Rule 5605(d) in effect as of the Listing Date, the grant of a Stock Award to the
Company’s chief executive officer and other executive officers must under virtually all circumstances must be either made by or recommended to the Board by either a majority of the independent directors or by a compensation committee comprised
entirely of independent directors, unless the Company is a “Controlled Company” as defined in NASDAQ Listing Rule 5615(c). Under NASDAQ Listing Rule 5605(a) in effect as of the Listing Date, an independent director is a person other than
an officer or employee of the Company or any of its subsidiaries or any other individual having a relationship which, in the opinion of the Board, would interfere with the independent exercise of judgment in carrying out the responsibilities of a
director, which shall include certain categories of individuals listed in Rule 5605(a). 
 (d) Effect of Board’s
Decision. All determinations, interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 

4. SHARES SUBJECT TO THE PLAN. 

(a) Share Reserve. Subject to the provisions of Section 12 of the Plan relating to adjustments upon changes in Common Stock,
the maximum aggregate number of shares of Common Stock that may be issued pursuant to Stock Awards shall not exceed
                             (        ) shares.

 (b) Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason (i) expire or otherwise
terminate, in whole or in part, without having been exercised or redeemed in full, (ii) be reacquired by the Company prior to vesting, or (iii) be repurchased at cost by the Company prior to vesting, the shares of Common Stock not acquired
under such Stock Award shall revert to and again become available for issuance under the Plan. To the extent that a Stock Appreciation Right or Phantom Stock Unit granted under the Plan is redeemed by payment in cash rather than shares of Common
Stock, the shares of Common Stock subject to the redeemed portion of the Stock Appreciation Right shall revert to and again become available for issuance under the Plan. 

(c) Source of Shares. The shares of Common Stock subject to the Plan may be unissued shares or reacquired shares, bought on the
market or otherwise. 
  

 8 

 5. ELIGIBILITY. 

(a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to Employees. Stock Awards other than
Incentive Stock Options may be granted to Employees, Directors and Consultants, which shall include individual independent sales agents who provide services primarily to the Company and its Affiliates. 

(b) Ten Percent Shareholders. A Ten Percent Shareholder shall not be granted an Incentive Stock Option unless the exercise price
of such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock at the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant. 

(c) Section 162(m) Limitation. Subject to the provisions of Section 12 of the Plan relating to adjustments upon changes
in the shares of Common Stock, no Employee shall be eligible to be granted Options or Stock Appreciation Rights covering more than One Hundred Thousand (100,000) shares of Common Stock during any fiscal year. 

(d) Consultants. 
  

	 	(i)	A Consultant shall not be eligible for the grant of a Stock Award if, at the time of grant, a Form S-8 Registration Statement under the Securities Act (“Form
S-8”) is not available to register either the offer or the sale of the Company’s securities to such Consultant because of the nature of the services that the Consultant is providing to the Company, or because the Consultant is not a
natural person, or as otherwise provided by the rules governing the use of Form S-8, unless the Company determines both (i) that such grant (A) shall be registered in another manner under the Securities Act (e.g., on a Form S-3
Registration Statement) or (B) does not require registration under the Securities Act in order to comply with the requirements of the Securities Act, if applicable, and (ii) that such grant complies with the securities laws of all other
relevant jurisdictions. 

  

	 	(ii)	Form S-8 generally is available to consultants and advisors only if (i) they are natural persons; (ii) they provide bona fide services to the issuer, its
parents, its majority owned subsidiaries; and (iii) the services are not in connection with the offer or sale of securities in a capital-raising transaction, and do not directly or indirectly promote or maintain a market for the issuer’s
securities. 

 6. OPTION PROVISIONS. 

Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be
separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates will be issued for shares of Common Stock purchased on exercise of each type of
Option. The provisions of the Options shall materially comply with each of the following provisions: 
 (a) Term. Subject
to the provisions of Subsection 5(b) of the Plan regarding Ten Percent Shareholders, no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date it was granted. 

 

 9 

 (b) Exercise Price of an Incentive Stock Option. Subject to the provisions of
Subsection 5(b) of the Plan regarding Ten Percent Shareholders, the exercise price of each Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date
the Option is granted. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another
option in a manner satisfying the provisions of Section 424(a) of the Code. 
 (c) Exercise Price of a Nonstatutory
Stock Option. The exercise price of each Nonstatutory Stock Option shall be not less than eighty five percent (85%) of the Fair Market Value of the Common Stock subject to the Option on the date the Option is granted. Notwithstanding the
foregoing, a Nonstatutory Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the
provisions of Section 424(a) of the Code. 
 (d) Consideration. The purchase price of Common Stock acquired pursuant
to an Option shall be paid, to the extent permitted by applicable statutes and regulations, either (i) in cash or equivalent at the time the Option is exercised or (ii) at the discretion of the Board at the time of the grant of the Option
(or subsequently in the case of a Nonstatutory Stock Option) (1) by delivery to the Company of other Common Stock, (2) according to a deferred payment or other similar arrangement with the Optionholder, including use of a promissory note
(except for executive officers and Directors of the Company to the extent such loans and similar arrangements are prohibited under Section 402 of the Sarbanes-Oxley Act of 2002), (3) pursuant to a “same day sale” program, or
(4) by some combination of the foregoing. Unless otherwise specifically provided in the Option, the purchase price of Common Stock acquired pursuant to an Option that is paid by delivery to the Company of other Common Stock acquired, directly
or indirectly from the Company, shall be paid only by shares of the Common Stock of the Company that have been held for more than six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial
accounting purposes). At any time that the Company is incorporated in Delaware, payment of the Common Stock’s “par value,” as defined in the Delaware General Corporation Law, shall not be made by deferred payment. 

In the case of any deferred payment arrangement, interest shall be compounded at least annually and shall be charged at the market rate
of interest and contain such other terms and conditions necessary to avoid a charge to earnings for financial accounting purposes as a result of the use of such deferred payment arrangement. 

(e) Transferability of an Incentive Stock Option. An Incentive Stock Option shall not be transferable except by will or by the
laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company in a form satisfactory to
the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option. 
  

 10 

 (f) Transferability of a Nonstatutory Stock Option. A Nonstatutory Stock Option shall
be transferable to the extent provided in the Option Agreement. If the Nonstatutory Stock Option does not provide for transferability, then the Nonstatutory Stock Option shall not be transferable except by will or by the laws of descent and
distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company in a form satisfactory to the Company, designate
a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option. 
 (g)
Vesting Generally. Options granted under the Plan shall be exercisable at such time and upon such terms and conditions as may be determined by the Board. The vesting provisions of individual Options may vary. The provisions of this Subsection
6(g) are subject to any Option provisions governing the minimum number of shares of Common Stock as to which an Option may be exercised. 

(h) Termination of Continuous Service. 
  

	 	(i)	In the event an Optionholder’s Continuous Service shall be terminated by the Company without cause, the unvested portion of the Option shall vest immediately and
the Optionholder may exercise his or her Option as follows: 

  

	 	(A)	For Incentive Stock Options, only within such period of time ending on the earlier of (1) the date ninety (90) days following the termination of the
Optionholder’s Continuous Service, or (2) the expiration of the term of the Option as set forth in the Option Agreement, and 

  

	 	(B)	For Nonstatutory Stock Options, only within such period of time ending on the earlier of (1) the date specified in the Option Agreement, or (2) the expiration
of the term of the Option as set forth in the Option Agreement. 

  

	 	(ii)	In the event an Optionholder’s Continuous Service shall be terminated by the Company for cause or by the Employee for any reason other than his or her death or
Disability, the unvested portion of this Option shall be forfeited immediately. The Optionholder may exercise the vested portion of his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of
termination) as follows: 

  

	 	(A)	For Incentive Stock Options, only within such period of time ending on the earlier of (1) the date ninety (90) days following the termination of the
Optionholder’s Continuous Service, or (2) the expiration of the term of the Option as set forth in the Option Agreement, and 

  

 11 

	 	(B)	For Nonstatutory Stock Options, only within such period of time ending on the earlier of (1) the date specified in the Option Agreement, or (2) the expiration
of the term of the Option as set forth in the Option Agreement. 

  

	 	(iii)	If, after termination, the Optionholder does not exercise his or her Option within the time specified in the Option Agreement, the Option shall terminate. Nothing in
this Section 6(h) shall restrict the Board from amending an Incentive Stock Option in order to cause it to be treated as a Nonstatutory Stock Option. 

(i) Extension of Termination Date. An Optionholder’s Option Agreement may also provide that if the exercise of the Option
following the termination of the Optionholder’s Continuous Service (other than upon the Optionholder’s death or Disability) would be prohibited at any time solely because the issuance of shares of Common Stock would violate the
registration requirements under the Securities Act or other applicable securities law, then the Option shall terminate on the earlier of (i) the expiration of the term of the Option set forth in the Option Agreement or (ii) the expiration
of a period of three (3) months after the termination of the Optionholder’s Continuous Service during which the exercise of the Option would not be in violation of such registration requirements. 

(j) Disability of Optionholder. In the event that an Optionholder’s Continuous Service terminates as a result of the
Optionholder’s Disability, the unvested portion of the Option shall vest immediately and the Optionholder may exercise his or her Option as follows: (i) for Incentive Stock Options, only within such period of time ending on the earlier of
(A) the date twelve (12) months following such termination or (B) the expiration of the term of the Option as set forth in the Option Agreement; and (ii) for Nonstatutory Stock Options, only within such period of time ending on
the earlier of (A) the date specified in the Option Agreement, or (B) the expiration of the term as set forth in the Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified
herein, the Option shall terminate. Nothing in this Section 6(j) shall restrict the Board from amending an Incentive Stock Option in order to cause it to be treated as a Nonstatutory Stock Option. 

(k) Death of Optionholder. 
  

	 	(i)	In the event an Optionholder’s Continuous Service terminates as a result of the Optionholder’s death, the unvested portion of the Option shall vest
immediately and the Option may be exercised by the Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the Option upon the Optionholder’s death
pursuant to Subsection 6(e) or 6(f) of the Plan as follows: 

  

	 	(A)	For Incentive Stock Options, only within the period ending on the earlier of (1) the date twelve (12) months following the date of death (or such longer or
shorter period specified in the Option Agreement) or (2) the expiration of the term of such Option as set forth in the Option Agreement, and 

  

 12 

	 	(B)	For Nonstatutory Stock Options, only within the period ending on the earlier of (1) the date specified in the Option Agreement, or (2) the expiration of the
term of such Option as set forth in the Option Agreement. 

  

	 	(ii)	In the event an Optionholder dies within the period (if any) specified in the Option Agreement after the termination of the Optionholder’s Continuous Service for a
reason other than death, then the Option may be exercised (to the extent, and within the time period specified in the Option Agreement in which, the Optionholder was entitled to exercise such Option as of the date of death) by the
Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the Option upon the Optionholder’s death pursuant to Subsection 6(e) or 6(f) of the Plan.

  

	 	(iii)	If, after death, the Option is not exercised within the time specified herein, the Option shall terminate. Nothing in this Section 6(k) shall restrict the Board
from amending an Incentive Stock Option in order to cause it to be treated as a Nonstatutory Stock Option. 

 (l)
Early Exercise. The Option may, but need not, include a provision whereby the Optionholder may elect at any time before the Optionholder’s Continuous Service terminates to exercise the Option as to any part or all of the shares of Common
Stock subject to the Option prior to the full vesting of the Option. Any unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Board determines to be appropriate.

 7. PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS. 

(a) Restricted Stock Bonus Awards. Each Restricted Stock Bonus agreement shall be in such form and shall contain such terms and
conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Bonus agreements may change from time to time, but such terms and conditions shall materially comply with each of the following provisions: 

 

	 	(i)	Consideration. A Restricted Stock Bonus may be awarded in consideration for past services actually rendered to the Company or an Affiliate for its benefit.

  

	 	(ii)	Vesting. Vesting shall generally be based on the Participant’s Continuous Service in accordance with a vesting schedule to be determined by the Board.
Shares of Common Stock awarded under the Restricted Stock Bonus agreement shall be subject to forfeiture by the Participant and reacquisition by the Company in accordance with the Restricted Stock Bonus agreement. 

 

 13 

	 	(iii)	Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company shall reacquire any or all of
the shares of Common Stock held by the Participant which have not vested and do not vest as of the date of termination under the terms of the Restricted Stock Bonus agreement. 

 

	 	(iv)	Transferability. Rights to acquire shares of Common Stock under the Restricted Stock Bonus agreement shall be transferable by the Participant only to such extent
and upon such terms and conditions as set forth in the Restricted Stock Bonus agreement, as the Board shall determine in its discretion, so long as Common Stock awarded under the Restricted Stock Bonus agreement remains subject to the terms of the
Restricted Stock Bonus agreement. 

 (b) Restricted Stock Purchase Rights. Each Restricted Stock Purchase
agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of the Restricted Stock Purchase agreements may change from time to time, but such terms and conditions shall
materially comply with each of the following provisions: 
  

	 	(i)	Purchase Price. The purchase price under each Restricted Stock Purchase agreement shall be such amount as the Board shall determine and designate in such
Restricted Stock Purchase agreement. The purchase price shall not be less than eighty five percent (85%) of the Common Stock’s Fair Market Value on the date such award is made or at the time the purchase is consummated.

  

	 	(ii)	Consideration. The purchase price of Common Stock acquired pursuant to the Restricted Stock Purchase agreement shall be paid either: (A) in cash or by check
at the time of purchase; (B) at the discretion of the Board, according to a deferred payment or other similar arrangement with the Participant, including use of a promissory note; or (C) in any other form of legal consideration that may be
acceptable to the Board in its discretion; provided, however, that at any time that the Company is incorporated in Delaware, then payment of the Common Stock’s “par value,” as defined in the Delaware General Corporation Law, shall not
be made by deferred payment. 

  

	 	(iii)	Vesting. The Committee shall determine the criteria under which shares of Common Stock under the Restricted Stock Purchase agreement may vest; the criteria may
or may not include performance criteria or Continuous Service. Shares of Common Stock acquired under the Restricted Stock Purchase agreement may, but need not, be subject to a share repurchase option in favor of the Company in accordance with a
vesting schedule to be determined by the Board. 

  

 14 

	 	(iv)	Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company may repurchase any or all of
the shares of Common Stock held by the Participant which have not vested and do not vest as of the date of termination under the terms of the Restricted Stock Purchase agreement. 

 

	 	(v)	Transferability. Rights to acquire shares of Common Stock under the Restricted Stock Purchase agreement shall be transferable by the Participant only to such
extent and upon such terms and conditions as set forth in the Restricted Stock Purchase agreement, as the Board shall determine in its discretion, so long as Common Stock awarded under the Restricted Stock Purchase agreement remains subject to the
terms of the Restricted Stock Purchase agreement. 

 (c) Stock Appreciation Rights. Two types of Stock
Appreciation Rights (“SARs”) shall be authorized for issuance under the Plan: (i) stand-alone SARs and (ii) stapled SARs. 
  

	 	(i)	Stand-Alone SARs. The following terms and conditions shall govern the grant and redeemability of stand-alone SARs: 

 

	 	(A)	The stand-alone SAR shall cover a specified number of underlying shares of Common Stock and shall be redeemable upon such terms and conditions as the Board may
establish. Upon redemption of the stand-alone SAR, the holder shall be entitled to receive a distribution from the Company in an amount equal to the excess of (1) the aggregate Fair Market Value (on the redemption date) of the shares of Common
Stock underlying the redeemed right over (2) the aggregate base price in effect for those shares. 

  

	 	(B)	The number of shares of Common Stock underlying each stand-alone SAR and the base price in effect for those shares shall be determined by the Board in its sole
discretion at the time the stand-alone SAR is granted. In no event, however, may the base price per share be less than eighty five percent (85%) of the Fair Market Value per underlying share of Common Stock on the grant date.

  

	 	(C)	The distribution with respect to any redeemed stand-alone SAR may be made in shares of Common Stock valued at Fair Market Value on the redemption date, in cash, or
partly in shares and partly in cash, as the Board shall in its sole discretion deem appropriate. 

  

	 	(ii)	Stapled SARs. The following terms and conditions shall govern the grant and redemption of stapled SARs: 

 

	 	(A)	Stapled SARs may only be granted concurrently with an Option to acquire the same number of shares of Common Stock as the number of such shares underlying the stapled
SARs. 

  

 15 

	 	(B)	Stapled SARs shall be redeemable upon such terms and conditions as the Board may establish and shall grant a holder the right to elect among (1) the exercise of
the concurrently granted Option for shares of Common Stock, whereupon the number of shares of Common Stock subject to the stapled SARs shall be reduced by an equivalent number, (2) the redemption of such stapled SARs in exchange for a
distribution from the Company in an amount equal to the excess of the Fair Market Value (on the redemption date) of the number of vested shares which the holder redeems over the aggregate base price for such vested shares, whereupon the number of
shares of Common Stock subject to the concurrently granted Option shall be reduced by any equivalent number, or (3) a combination of (1) and (2). 

 

	 	(C)	The distribution to which the holder of stapled SARs shall become entitled under this Section 7 upon the redemption of stapled SARs as described in
Section 7(c)(ii)(B) above may be made in shares of Common Stock valued at Fair Market Value on the redemption date, in cash, or partly in shares and partly in cash, as the Board shall in its sole discretion deem appropriate.

 (d) Phantom Stock Units. The following terms and conditions shall govern the grant and redeemability of
Phantom Stock Units: 
  

	 	(i)	Phantom Stock Unit awards shall be redeemable by the Participant to the Company upon such terms and conditions as the Board may establish. The value of a single Phantom
Stock Unit shall be equal to the Fair Market Value of a share of Common Stock, unless the Board otherwise provides in the terms of the Stock Award Agreement. 

 

	 	(ii)	The distribution with respect to any exercised Phantom Stock Unit award may be made in shares of Common Stock valued at Fair Market Value on the redemption date, in
cash, or partly in shares and partly in cash, as the Board shall in its sole discretion deem appropriate. 

 (e)
Restricted Stock Units. The following terms and conditions shall govern the grant and redeemability of Restricted Stock Units: 
  

	 	(i)	 A Restricted Stock Unit is the right to receive one (1) share of the Company’s Common Stock at the time the Restricted Stock Unit vests.
Participants may elect to defer receipt of shares of Common Stock otherwise deliverable upon the vesting of an award of restricted stock. An election to defer such delivery shall be irrevocable and shall be made in writing on a form acceptable to
the Company. The election form shall be filed at the time of grant in a manner determined by the Board. When the Participant vests in such restricted stock, the Participant will be credited with a number of Restricted Stock Units equal to the number
of shares of 

  

 16 

	 	 
Common Stock for which delivery is deferred. Restricted Stock Units shall be paid by delivery of shares of Common Stock in accordance with the timing and manner of payment elected by the
Participant on his/her election form, or if no deferral election is made, as soon as administratively practicable following the vesting of the Restricted Stock Unit. 

 

	 	(ii)	Each Restricted Stock Unit agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of
Restricted Stock Unit agreements may change from time to time, but such terms and conditions shall materially comply with each of the following provisions: 

 

	 	(A)	Consideration. A Restricted Stock Unit may be awarded in consideration for past services actually rendered to the Company or an Affiliate for its benefit.

  

	 	(B)	Vesting. Vesting shall generally be based on the Participant’s Continuous Service in accordance with a vesting schedule to be determined by the Board.
Shares of Common Stock awarded under the Restricted Stock Unit agreement shall be subject to forfeiture by the Participant and reacquisition by the Company in accordance with the Restricted Stock Unit agreement. 

 

	 	(C)	Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company shall reacquire any or all of
the shares of Common Stock held by the Participant which have not vested and do not vest as of the date of termination under the terms of the Restricted Stock Unit agreement. 

 

	 	(D)	Transferability. Rights to acquire shares of Common Stock under the Restricted Stock Unit agreement shall be transferable by the Participant only to such extent
and upon such terms and conditions as set forth in the Restricted Stock Unit agreement, as the Board shall determine in its discretion, so long as Common Stock awarded under the Restricted Stock Unit agreement remains subject to the terms of the
Restricted Stock Unit agreement. 

 (f) Performance Share Bonus Awards. Each Performance Share Bonus
agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Performance Share Bonus agreements may change from time to time, but such terms and conditions shall
materially comply with each of the following provisions: 
  

	 	(i)	Consideration. A Performance Share Bonus may be awarded in consideration for past services actually rendered to the Company or an Affiliate for its benefit.

  

 17 

	 	(ii)	Vesting. Vesting shall be based on the achievement of certain performance criteria, whether financial, transactional or otherwise, and in accordance with a
vesting schedule as determined by the Board. Failure to meet performance criteria shall cause shares of Common Stock awarded under the Performance Share Bonus agreement to be subject to forfeiture by the Participant and reacquisition by the Company
in accordance with the Performance Share Bonus agreement. 

  

	 	(iii)	Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company shall reacquire any or all of
the shares of Common Stock held by the Participant which have not vested and do not vest as of the date of termination under the terms of the Performance Share Bonus agreement. 

 

	 	(iv)	Transferability. Rights to acquire shares of Common Stock under the Performance Share Bonus agreement shall be transferable by the Participant only to such
extent and upon such terms and conditions as set forth in the Performance Share Bonus agreement, as the Board shall determine in its discretion, so long as Common Stock awarded under the Performance Share Bonus agreement remains subject to the terms
of the Performance Share Bonus agreement. 

 (g) Performance Share Units. The following terms and
conditions shall govern the grant and redeemability of Performance Share Units: 
  

	 	(i)	A Performance Share Unit is the right to receive one (1) share of the Company’s Common Stock at the time the Performance Share Unit vests. Participants may
elect to defer receipt of shares of Common Stock otherwise deliverable upon the vesting of an award of performance shares. An election to defer such delivery shall be irrevocable and shall be made in writing on a form acceptable to the Company. The
election form shall be filed prior to the vesting date of such performance shares in a manner determined by the Board. When the Participant vests in such performance shares, the Participant will be credited with a number of Performance Share Units
equal to the number of shares of Common Stock for which delivery is deferred. Performance Share Units shall be paid by delivery of shares of Common Stock in accordance with the timing and manner of payment elected by the Participant on his/her
election form, or if no deferral election is made, as soon as administratively practicable following the vesting of the Performance Share Unit. 

  

 18 

	 	(ii)	Each Performance Share Unit agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of
Performance Share Unit agreements may change from time to time, but such terms and conditions shall materially comply with each of the following provisions: 

 

	 	(A)	Consideration. A Performance Share Unit may be awarded in consideration for past services actually rendered to the Company or an Affiliate for its benefit. The
Board shall have the discretion to provide that the Participant pay for such Performance Share Units with cash or other consideration permissible by law. 

  

	 	(B)	Vesting. Vesting shall be based on the achievement of certain performance criteria, whether financial, transactional or otherwise, and in accordance with a
vesting schedule as determined by the Board. Failure to meet performance criteria shall cause shares of Common Stock awarded under the Performance Share Unit agreement to be subject to forfeiture by the Participant and reacquisition by the Company
in accordance with the Performance Share Unit agreement. 

  

	 	(C)	Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company shall reacquire any or all of
the shares of Common Stock held by the Participant which have not vested and do not vest as of the date of termination under the terms of the Performance Share Unit agreement. 

 

	 	(D)	Transferability. Rights to acquire shares of Common Stock under the Performance Share Unit agreement shall be transferable by the Participant only to such extent
and upon such terms and conditions as set forth in the Performance Share Unit agreement, as the Board shall determine in its discretion, so long as Common Stock awarded under the Performance Share Unit agreement remains subject to the terms of the
Performance Share Unit agreement. 

 8. COVENANTS OF THE COMPANY. 

(a) Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number of
shares of Common Stock required to satisfy such Stock Awards. 
 (b) Securities Law Compliance. The Company shall seek to
obtain from each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise, redemption or satisfaction of the Stock Awards;
provided, however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company
is unable to obtain from any such regulatory commission or agency the authority 
  

 19 

 
which counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell
Common Stock related to such Stock Awards unless and until such authority is obtained. 
 9. USE OF PROCEEDS FROM STOCK. 

Proceeds from the sale of Common Stock pursuant to Stock Awards shall constitute general funds of the Company. 

10. CANCELLATION AND RE-GRANT OF OPTIONS. 

(a) Upon obtaining any approval of the shareholders of the Company required by applicable law or the listing requirements of the NASDAQ
Stock Market or any other securities exchange on which the Common Stock may then be traded, the Board shall have the authority to effect (i) the repricing of any outstanding Options under the Plan and/or (ii) with the consent of the
affected Optionholders, the cancellation of any outstanding Options under the Plan and the grant in substitution therefor of new Options under the Plan covering the same or different number of shares of Common Stock, but having an exercise price per
share not less than eighty five percent (85%) of the Fair Market Value (one hundred percent (100%) of Fair Market Value in the case of an Incentive Stock Option or, in the case of a 10% shareholder (as described in Subsection 5(b) of the
Plan), not less than one hundred ten percent (110%) of the Fair Market Value) per share of Common Stock on the new grant date. Notwithstanding the foregoing, the Board may grant an Option with an exercise price lower than that set forth above
if such Option is granted as part of a transaction to which section 424(a) of the Code applies. 
 (b) Shares subject to an
Option canceled under this Section 10 shall continue to be counted against the maximum award of Options permitted to be granted pursuant to Subsection 5(c) of the Plan as provided under Section 162(m) of the Code and the regulations
promulgated thereunder. The repricing of an Option under this Section 10, resulting in a reduction of the exercise price, shall be deemed to be a cancellation of the original Option and the grant of a substitute Option; in the event of such
repricing, both the original and the substituted Options shall be counted against the maximum awards of Options permitted to be granted pursuant to Subsection 5(c) of the Plan. The provisions of this Subsection 10(b) shall be applicable only to the
extent required by Section 162(m) of the Code. 
 11. MISCELLANEOUS. 

(a) Acceleration of Exercisability and Vesting. The Board, (or Committee, if so authorized by the Board) shall have the power to
accelerate exercisability and/or vesting when it deems fit, such as upon a Change of Control. The Board or Committee shall have the power to accelerate the time at which a Stock Award may first be exercised or the time during which a Stock Award or
any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Stock Award stating the time at which it may first be exercised or the time during which it will vest. 

(b) Shareholder Rights. No Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect
to, any shares of Common Stock subject to a Stock Award except to the extent that the Company has issued the shares of Common Stock relating to such Stock Award. 

 

 20 

 (c) No Employment or other Service Rights. Nothing in the Plan or any instrument
executed or Stock Award granted pursuant thereto shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the Company
or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate or
(iii) the service of a Director pursuant to the Bylaws of the Company, and any applicable provisions of the corporate law of the state in which the Company is incorporated, as the case may be. 

(d) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time of
grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000),
the Options or portions thereof which exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. 

(e) Investment Assurances. The Company may require a Participant, as a condition of exercising or redeeming a Stock Award or
acquiring Common Stock under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative
reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of acquiring the
Common Stock; (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common Stock subject to the Stock Award for the Participant’s own account and not with any present intention of selling or
otherwise distributing the Common Stock; and (iii) to give such other written assurances as the Company may determine are reasonable in order to comply with applicable law. The foregoing requirements, and any assurances given pursuant to such
requirements, shall be inoperative if (1) the issuance of the shares of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the Securities Act or (2) as to any particular
requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities laws, and in either case otherwise complies with applicable law. The Company may, upon
advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable laws, including, but not limited to, legends restricting the transfer of
the Common Stock. 
 (f) Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement, the
Participant may satisfy any federal, state, local, or foreign tax withholding obligation relating to the exercise or redemption of a Stock Award or the acquisition of, vesting, distribution, or transfer of Common Stock under a Stock Award by any of
the following means (in addition to the Company’s right to withhold from any compensation paid to the Participant by the Company) or by a combination of such means: (i) tendering a cash payment; (ii) authorizing

  

 21 

 
the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to the Participant; provided, however, that no shares of Common Stock are withheld with a value
exceeding the minimum amount of tax required to be withheld by law; or (iii) delivering to the Company owned and unencumbered shares of Common Stock. 

12. ADJUSTMENTS UPON CHANGES IN STOCK. 

(a) Capitalization Adjustments. If any change is made in the Common Stock subject to the Plan, or subject to any Stock Award,
without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, spinoff, dividend in property other than cash, stock split, liquidating dividend, combination of
shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company), the Plan will be appropriately adjusted in the class(es) and maximum number of securities subject to the Plan
pursuant to Subsection 4(a) above and the maximum number of securities subject to award to any person pursuant to Subsection 5(c) above, and the outstanding Stock Awards will be appropriately adjusted in the class(es) and number of securities and
price per share of the securities subject to such outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. (The conversion of any convertible securities of the Company shall not
be treated as a transaction “without receipt of consideration” by the Company.) 
 (b) Adjustments Upon a Change of
Control. 
  

	 	(i)	 In the event of a Change of Control as defined in 2(d)(i) through 2(d)(iii), such as an asset sale, merger, or change in ownership of voting power,
then any surviving entity or acquiring entity shall assume or continue any Stock Awards outstanding under the Plan or shall substitute similar stock awards (including an award to acquire the same consideration paid to the shareholders in the
transaction by which the Change of Control occurs) for those outstanding under the Plan. In the event any surviving entity or acquiring entity refuses to assume or continue such Stock Awards or to substitute similar stock awards for those
outstanding under the Plan, then with respect to Stock Awards held by Participants whose Continuous Service has not terminated, the Board in its sole discretion and without liability to any person may (1) provide for the payment of a cash
amount in exchange for the cancellation of a Stock Award equal to the product of (x) the excess, if any, of the Fair Market Value per share of Common Stock at such time over the exercise or redemption price, if any, times (y) the total
number of shares then subject to such Stock Award, (2) continue the Stock Awards, or (3) notify Participants holding an Option, Stock Appreciation Right, Phantom Stock Unit or similar award that they must exercise or redeem any portion of
such Stock Award (including, at the discretion of the Board, any unvested portion of such Stock Award) at or prior to the closing of the transaction by which the Change of Control occurs and that the Stock Awards shall terminate if not so exercised
or redeemed at or prior to the closing of the transaction by which the Change of Control occurs. With respect to any other Stock Awards outstanding 

 

 22 

	 	 
under the Plan, such Stock Awards shall terminate if not exercised or redeemed prior to the closing of the transaction by which the Change of Control occurs. The Board or Committee shall not be
obligated to treat all Stock Awards, even those which are of the same type, in the same manner under this Section 12(b). 

  

	 	(ii)	In the event of a Change of Control as defined in 2(d)(iv), such as a dissolution of the Company, all outstanding Stock Awards shall terminate immediately prior to such
event. 

 13. AMENDMENT OF THE PLAN AND STOCK AWARDS. 

(a) Amendment of Plan. The Board at any time, and from time to time, may amend the Plan. However, except as provided in
Section 12 of the Plan relating to adjustments upon changes in Common Stock, no amendment shall be effective unless approved by the shareholders of the Company to the extent shareholder approval is necessary to satisfy the requirements of
Section 422 of the Code, any New York Stock Exchange, NASDAQ or other securities exchange listing requirements, or other applicable law or regulation. 

(b) Shareholder Approval. The Board may, in its sole discretion, submit any other amendment to the Plan for shareholder approval,
including, but not limited to, amendments to the Plan intended to satisfy the requirements of Section 162(m) of the Code and the regulations thereunder regarding the exclusion of performance-based compensation from the limit on corporate
deductibility of compensation paid to certain executive officers. 
 (c) Contemplated Amendments. It is expressly
contemplated that the Board may amend the Plan in any respect the Board deems necessary or advisable to provide eligible Employees with the maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated
thereunder relating to Incentive Stock Options and/or to bring the Plan and/or Incentive Stock Options granted under it into compliance therewith. 

(d) No Material Impairment of Rights. Rights under any Stock Award granted before amendment of the Plan shall not be materially
impaired by any amendment of the Plan unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing. 

(e) Amendment of Stock Awards. The Board at any time, and from time to time, may amend the terms of any one or more Stock Awards;
provided, however, that the rights under any Stock Award shall not be materially impaired by any such amendment unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing. 

14. TERMINATION OR SUSPENSION OF THE PLAN. 

(a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the
day before the tenth (10th) anniversary of the date the Plan is adopted by the Board or approved by the shareholders of the Company, whichever is earlier. No Stock Awards may be granted under the Plan while the Plan is suspended or after it is
terminated. 
  

 23 

 (b) No Material Impairment of Rights. Suspension or termination of the Plan shall not
materially impair rights and obligations under any Stock Award granted while the Plan is in effect except with the written consent of the Participant. 

15. EFFECTIVE DATE OF PLAN. 

The Plan shall become effective upon adoption by the Board, but no Option or Stock Appreciation Right shall be exercised or redeemed (or,
in the case of any other form of Stock Award, shall be granted) unless and until the Plan has been approved by the shareholders of the Company, which approval shall be within twelve (12) months before or after the date the Plan is adopted by
the Board. 
 16. CHOICE OF LAW. 

The law of the State of Michigan shall govern all questions concerning the construction, validity and interpretation of this Plan, without
regard to such state’s conflict of laws rules 
  

 24 

 EXHIBIT A 

LINC LOGISTICS COMPANY 

NONSTATUTORY STOCK OPTION AGREEMENT 

LONG-TERM INCENTIVE PLAN 

THIS NONSTATUTORY STOCK OPTION AGREEMENT (the “Option” or the “Agreement”) is made on
            , 20     (“Effective Date”), by and between LINC LOGISTICS COMPANY, a Michigan corporation (the “Company”),
and                      (the “Optionholder”). 

The Company, pursuant to the terms of the LINC Logistics Company Long-Term Incentive Plan adopted by the Company’s Board of
Directors on August 19, 2010 (the “Plan”), hereby grants an option of      shares of common stock of the Company, no par value (“Common Stock”) to the Optionholder at the price and in all
respects subject to the terms, definitions and provisions of this Agreement. 
 1. Option Price. The Option
price for each share shall be the initial public offering price per share of the Common Stock as determined by the Company and the underwriters. 

2. Exercise and Option. This Option shall be exercisable at any time and from time to time pursuant to the exercise schedule and
in accordance with the terms of this Agreement as follows: 
 (a) Exercise Schedule. This Option shall become
exercisable in installments as indicated below: 
  

					
	 Percentage of

shares available

to be exercised
	  	 Cumulative

percentage of shares

available to be exercised
	  	 Exercise Date

	 20%
	  	20%	  	Immediately
	 20%
	  	40%	  	1st anniversary of Effective Date
	 20%
	  	60%	  	2nd anniversary of Effective Date
	 20%
	  	80%	  	3rd anniversary of Effective Date
	 20%
	  	100%	  	4th anniversary of Effective Date

(b) Method of Exercise. This Option shall be exercisable by a written notice, which shall: 

(i) state the election to exercise the Option, the number of shares in respect of which it is being exercised, the person
in whose name the stock certificate or certificates for such shares of Common Stock is to be registered, his or her address and Social Security Number (or if more than one, the names, addresses and Social Security Numbers of such persons);

  

 25 

 (ii) contain such representations and agreements as to the holder’s
investment intent with respect to such shares of Common Stock as may be satisfactory to the Company’s counsel; 

(iii) be signed by the person or persons entitled to exercise the Option and, if the Option is being exercised by any
person or persons other than the Optionholder, be accompanied by proof, satisfactory to the Company’s counsel, of the right of such person or persons to exercise the Option. 

(iv) be accompanied by payment to the Company of the full Option price for the shares with respect to which the Option is
exercised. The option price shall be paid in the following manner: 
 (A) full payment in cash or equivalent;

 (B) full payment in shares of Common Stock, which shall have been held for more than six (6) months,
having a fair market value on the exercise date equal to the option price; or 
 (C) any combination of
subclauses “(A)” and “(B)”, equal to the aggregate of the option price. 
 (c) Securities Exemption.
The Company shall not be required to issue or deliver any certificates for shares of Common Stock purchased upon the exercise of an option (i) prior to the completion of any registration or other qualification of such shares under any state or
federal laws or rulings or regulations of any government regulatory body, which the Company shall determine to be necessary or advisable, or (ii) prior to receiving an opinion of counsel satisfactory to the Company that the sale or issuance of
such shares is exempt from these registration or qualification requirements. 
 (d) Restrictions on Exercise. As a
condition to the exercise of this Option, the Company may require the person exercising the Option to make any representation and warranty to the Company as may be required by any applicable law or regulation. 

(e) Termination, Death or Disability. 

(i) In the event the Continuous Service of the Optionholder shall be terminated by the Company without cause, this Option
will vest immediately and may be exercised at any time within ninety (90) days after such termination of Continuous Service. 

(ii) In the event the Continuous Service of the Optionholder shall be terminated by the Company for cause, the unvested
portion of this Option shall be forfeited immediately. The vested portion of the Option may be exercised at any time within ninety (90) days after such termination of Continuous Service. 

 

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 (iii) In the event the Continuous Service of the Optionholder shall be
terminated by the Employee for any reason other than death or Disability, the unvested portion of the Option shall be forfeited immediately. The vested portion may be exercised at any time within ninety (90) days of such termination of
Continuous Service. 
 (iv) In the event the Continuous Service of the Optionholder shall be terminated due to
Disability, this Option shall vest immediately and may be exercised at any time within twelve (12) months after such Disability, but in no case later than the date on which the Option would otherwise terminate. 

(v) If Optionholder shall die while employed by the Company, this Option shall vest immediately and become immediately
exercisable by the Optionholder’s estate, by the person who acquires the right to exercise such Option upon his or her death by bequest or inheritance, or by the person designated by the Optionholder to exercise the Option upon the
Optionholder’s death. Such exercise may occur at any time within twelve (12) months after the date of the Optionholder’s death or such other period as the Committee may at any time provide, but in no case later than the date on which
the Option would otherwise terminate. 
 (vi) This Option shall terminate the day before the 10th anniversary of
this Agreement, unless otherwise noted. 
 3. Non Transferability of Option. This Option may not be assigned or
transferred other than by will or the laws of descent and distribution and may be exercised during the lifetime of the Optionholder only by him or her. 

4. Stock Subject to the Option. In addition to the restrictions set forth above, the Company and the Optionholder agree that the
Common Stock of the Company acquired pursuant to this Agreement shall not be sold or transferred for 180 days after issuance and shall be subject to the other restrictions set forth in the Plan and subject to the restriction as set out in Paragraph
5 of this Agreement. 
 5. Right of First Refusal. The Optionholder shall not sell or transfer the Option shares without
first providing to the Company a notice of intent to sale (the “Notice”) at least five (5) days prior to the intended sale date. After the Notice, the Company shall have until the close of business on the fourth business day after the
Notice to agree to purchase the shares intended for sale. If the Company exercises its right to purchase the shares, the purchase shall be on the fifth day after the Notice and the purchase price shall be the fair market value of the Common Stock on
that day. If the Company does not exercise its right, then the Optionholder shall have ten (10) business days thereafter to sell the shares. 
  

 27 

 6. Adjustments Upon Changes in Capitalization. The number of shares of Common Stock
subject to this Agreement shall be proportionately adjusted for any change in the stock structure of the Company because of share dividends, recapitalization, reorganizations, mergers or other restructuring. 

7. Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal
executive office of the Company and to the Optionholder at the address appearing in the personnel records of the Company for the Optionholder or to either part at such other address as either party hereto may hereafter designate in writing to the
other. Any such notice shall be deemed effective upon receipt thereof by the addressee. 
 8. Sale or Merger. The Option
shall vest immediately upon the sale or merger of the Company whereby the Company is not the surviving entity. The Option shall be exercisable to the extent Optionholder was entitled to do so at the time of sale or merger. 

9. Benefits of Agreement. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and heirs of
the respective parties. All obligations imposed upon the Optionholder and all rights granted to the Company under this Agreement shall be binding upon Optionholder’s heirs, legal representatives, and successors. This Agreement shall be the sole
and exclusive source of any and all rights which the Optionholder, his heirs, legal representatives or successors may have in respect to the Plan or any options or Common Stock granted or issued hereunder, whether to himself or to any other person.

 10. Plan Amendments. This Agreement shall be subject to the terms of the Plan as amended except that this
Agreement may not in any way be restricted or limited by any Plan amendment or termination approved after the date of this Agreement without the Optionholder’s written consent. 

11. Terms. Any terms used in this Agreement that are not otherwise defined shall have the meanings ascribed to them in the
Plan. 
 12. Entire Agreement. This Agreement contains the entire understanding of the parties and shall not be
modified or amended except in writing and duly signed by the parties. No waiver by either party of any default under this Agreement shall be deemed a waiver of any later default. 

[Signature page follows.] 
  

 28 

 IN WITNESS WHEREOF, the Company and the Optionholder have caused this Agreement to be
executed as of the day, month and year first above written. 
  

			
		 	LINC LOGISTICS COMPANY
		
	By:	 	  

		 	H.E. Wolfe, President and Chief Executive Officer
		
	By:	 	  

		 	[Name of Optionholder]

  

 29 

 EXHIBIT B 

Name of Grantee: 
 Grant Date: 

Number of Shares: 
 LINC
LOGISTICS COMPANY 
 LONG-TERM INCENTIVE PLAN 

RESTRICTED STOCK BONUS AWARD 

NOTIFICATION OF AWARD AND TERMS AND CONDITIONS OF AWARD 

THIS RESTRICTED STOCK BONUS AWARD AGREEMENT (the “Agreement”) contains the terms and conditions of the restricted stock
bonus award granted to you by LINC Logistics Company, a Michigan corporation (the “Company”) under LINC Logistic Company’s Long-Term Incentive Plan. 

1. Grant of Restricted Stock. The Company has granted to you, effective on the Grant Date (shown above), the right to receive the
number of shares shown above of the common stock of the Company, no par value per share (“Shares”) on the Vesting Date (as defined below). Before the Shares are vested, they are referred to in this Agreement as “Restricted
Stock.” 
 2. Stock Incentive Plan Governs. The award and this Agreement are subject to the terms and conditions of
the LINC Logistic Company’s Long-Term Incentive Plan, as amended from time to time (the “Plan”). The Plan is incorporated into this Agreement by reference and all capitalized terms used in this Agreement have the meaning as set forth
in the Plan, unless this Agreement specifies a different meaning. By signing this Agreement, you accept this award, acknowledge receipt of a copy of the Plan and the prospectus covering the Plan and acknowledge that the award is subject to all the
terms and provisions of the Plan and this Agreement. You further agree to accept as binding, conclusive and final all decisions and interpretations by the Committee of the Plan upon any questions arising under the Plan. 

3. Payment. The Restricted Stock is granted without requirement of payment. 

4. Stockholder Rights. Your Restricted Stock will be held for you by the Company or by a designated transfer agent until the
applicable Vesting Date. You shall have all the rights of a stockholder with respect to shares of Restricted Stock that have vested. With respect to your unvested Restricted Stock: 

(a) You shall not have the right to vote such shares at any meeting of stockholders of the Company; and 

(b) You shall not have the right to receive any dividends paid in cash or otherwise with respect to such shares; and 

 

 30 

 5. Vesting of Restricted Stock. 

(a) Vesting. Your Restricted Stock will vest as follows, provided you have not incurred a Forfeiture Condition described below:

  

					
	 Percentage of

shares vesting
	  	 Cumulative

percentage vested
	  	 Vesting Date

	 20%
	  	20%	  	Immediately
	 20%
	  	40%	  	1st anniversary of Grant Date
	 20%
	  	60%	  	2nd anniversary of Grant Date
	 20%
	  	80%	  	3rd anniversary of Grant Date
	 20%
	  	100%	  	4th anniversary of Grant Date

(b) Forfeiture Conditions. Subject to Paragraph 5(c) below, the shares of your Restricted Stock that would otherwise vest on a Vesting
Date will not vest and shall be forfeited if, after the Grant Date and prior to the Vesting Date, your Continuous Service as an Employee terminates or after the Grant Date and on or prior to the Vesting Date: 

(i) you (A) have become or (B) are discussing or negotiating the possibility of becoming, or (C) are considering an offer
to become, or have accepted an offer or entered into an agreement to become an employee, officer, director, partner, manager, consultant to, or agent of, or otherwise becoming affiliated with, any entity competing or seeking to compete with the
Company or an Affiliate; or 
 (ii) you are subject to an administrative suspension, unless you are reinstated as an Employee
in good standing at the end of the administrative suspension period, in which case the applicable number of shares of Restricted Stock would vest as of the date of such reinstatement. 

(c) Accelerated Vesting; Vesting Notwithstanding Termination. Your Restricted Stock will vest earlier than described in Paragraph 5(a),
and such earlier vesting date shall also be considered a “Vesting Date,” under the following circumstances: 
 (i) If
your Continuous Service as an Employee is terminated by your Disability, your Restricted Stock shall immediately become fully vested. 

(ii) If you Retire (as defined below), your Restricted Stock shall immediately become fully vested. “Retire” means that you
cease to be a full-time Employee (other than for Cause) upon or after reaching age 65. 
 (iii) If your Continuous Service as
an Employee is terminated by your death, your Restricted Stock shall immediately become fully vested. 
 (iv) If your
Continuous Service as an Employee is terminated without cause, your Restricted Stock shall immediately become fully vested. 
  

 31 

 (v) The Committee may, in its discretion, at any time accelerate the vesting of your
Restricted Stock on such terms and conditions as it deems appropriate. 
 (d) Mandatory Deferral of Vesting. If the vesting of
Restricted Stock in any year could, in the Committee’s opinion, when considered with your other compensation, result in the Company’s inability to deduct the value of your Shares because of the limitation on deductible compensation under
Internal Revenue Code Section 162(m), then the Company in its sole discretion may defer the Vesting Date applicable to your Restricted Stock (but only to the extent that, in the Committee’s judgment, the value of your Restricted Stock
would not be deductible) until six months following the termination of your Employee status. 
 6. Forfeiture of Restricted
Stock. If you suffer a forfeiture condition (i.e., if your Continuous Service as an Employee is terminated prior to the Vesting Date and the vesting is not accelerated under Paragraph 5(c), you will immediately forfeit your Restricted Stock, and
all of your rights to and interest in the Restricted Stock shall terminate upon forfeiture without payment of consideration. Forfeited Restricted Stock shall be reconveyed to the Company. 

7. Taxes and Tax Withholding. 

(a) Upon the vesting of your Restricted Stock, you will have income in the amount of the value of the Shares that become vested on the
Vesting Date, and you must pay income tax on that income. 
 (b) You agree to consult with any tax consultants you think
advisable in connection with your Restricted Stock and acknowledge that you are not relying, and will not rely, on the Company for any tax advice. Please see Section 9(f) regarding Section 83(b) elections. 

(c) Whenever any Restricted Stock becomes vested under the terms of this Agreement, you must remit, on or prior to the due date thereof,
the minimum amount necessary to satisfy all of the federal, state and local withholding (including FICA) tax requirements imposed on the Company (or the Affiliate that employs you) relating to your Shares. The Committee may require you to satisfy
these minimum withholding tax obligations by any (or a combination) of the following means: (i) a cash, check, or wire transfer; (ii) authorizing the Company to withhold from the Shares otherwise deliverable to you as a result of the
vesting of the Restricted Stock, a number of Shares having a Fair Market Value, as of the date the withholding tax obligation arises, less than or equal to the amount of the withholding obligation; or (iii) in unencumbered shares of the Company
common stock, which have been held for at least six months. 
 8. Restricted Stock Not Transferable. Neither Restricted
Stock, nor your interest in the Restricted Stock, may be sold, conveyed, assigned, transferred, pledged or otherwise disposed of or encumbered at any time prior to vesting applicable to any award of Restricted Stock issued in your name. Any
attempted action in violation of this paragraph shall be null, void, and without effect. 
  

 32 

 9. Right of First Refusal. The Grantee shall not sell or transfer the Shares without
first providing to the Company a notice of intent to sale (the “Notice”) at least five (5) days prior to the intended sale date. After the Notice, the Company shall have until the close of business on the fourth business day after the
Notice to agree to purchase the shares intended for sale. If the Company exercises its right to purchase the shares, the purchase shall be on the fifth day after the Notice and the price shall be the fair market value of the Common Stock on that
day. If the Company does not exercise its right, then the Grantee shall have ten (10) business days thereafter to sell the shares. 

10. Other Provisions. 

(a) The value of the Shares under this Agreement will not be taken into account in computing the amount of your salary or other
compensation for purposes of determining any pension, retirement, death or other benefit under any employee benefit plan of the Company or any Affiliate, except to the extent such plan or another agreement between you and the Company specifically
provides otherwise. 
 (b) The Company may, without liability for its good faith actions, place legend restrictions upon the
Restricted Stock or unrestricted Shares obtained upon vesting of the Restricted Stock and issue “stop transfer” instructions requiring compliance with applicable securities laws and the terms of the Restricted Stock. 

(c) Determinations regarding this Agreement (including, but not limited to whether an event has occurred resulting in the forfeiture of
or vesting of Restricted Stock) shall be made by the Committee in accordance with this Agreement, and all determinations of the Committee shall be final and conclusive and binding on all persons. 

(d) Neither this Agreement nor the Plan creates any contract of employment, and nothing in this Agreement or the Plan shall interfere
with or limit in any way the right of the Company or an Affiliate to terminate your employment or service at any time, nor confer upon you the right to continue in the employ of the Company and/or Affiliate. Nothing in this Agreement or the Plan
creates any fiduciary or other duty to you owed by the Company, any Affiliate, or any member of the Committee except as expressly stated in this Agreement or the Plan. 

(e) The Company reserves the right to amend the Plan at any time. The Committee reserves the right to amend this Agreement at any time.

 (f) By accepting this award, you agree to provide any information reasonably requested from time to time. 

(g) This Agreement shall be construed under the laws of the State of Michigan. 

(h) Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive
office of the Company and to the Grantee at the address appearing in the personnel records of the Company for the Grantee or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such
notice shall be deemed effective upon receipt thereof by the addressee. 
  

 33 

 (i) This Agreement contains the entire understanding of the parties and shall not be
modified or amended except in writing and duly signed by the parties. No waiver by either party of any default under this Agreement shall be deemed a waiver of any later default. 

Grantee: 

I acknowledge having received, read and understood the Plan and this Agreement. I accept the terms and conditions of my Restricted Stock
award as set forth in this Agreement, subject to the terms and conditions of the Plan 
  

			
	  
	 	
	Signature of Grantee	 	

 Name (please print):
                                         
                                         
   
 Agreed to and accepted this      day of
            , 20    . 
  

 34

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