Document:

Amended & Restated Security Agreement dated February 19, 2009

 EXHIBIT 10.17 
 AMENDED AND RESTATED SECURITY AGREEMENT 
 THIS AMENDED AND RESTATED SECURITY AGREEMENT (this “Agreement”) is entered into as of February 19, 2009,
by NATUS MEDICAL INCORPORATED, a Delaware corporation (“Debtor” or the “Company”), in favor of WELLS FARGO BANK,
NATIONAL ASSOCIATION (“Secured Party”). 
 RECITALS: 
 A. The Company and Secured Party have previously entered into that certain Security Agreement, dated as of November 28, 2007 (as
amended, restated, modified and/or supplemented prior to the date hereof, the “Existing Agreement). 
 B. The
Company has requested that Secured Party provide and continue to provide the Company with certain financial accommodations as evidenced by one or more promissory notes or other instruments executed and delivered by the Company to Secured Party and
other agreements entered into from time to time between the Company and Secured Party, including, without limitation, that certain Standby Letter of Credit Agreement, dated as of the date hereof (the “L/C Agreement”) and that
certain Amended and Restated Credit Agreement, dated as of November 28, 2007 (the “Loan Agreement”) (together with this Agreement, the L/C Agreement, the Amended and Restated Revolving Line of Credit Note, in the maximum
aggregate principal amount of U.S. $25,000,000.00, executed by the Company in favor of Secured Party, and any and all documents or agreements executed by Debtor in connection with any of foregoing, as any of them may be amended, modified or extended
from time to time, collectively, the “Loan Documents”). 
 C. In order to induce Secured Party to provide
and continue to provide financial accommodations to the Company under the L/C Agreement and the Loan Agreement and to enter into the L/C Agreement and other Loan Documents to which it is a party, the Debtor wishes and has agreed (i) to amend
and restate the Existing Agreement and (ii) to secure its obligations to Secured Party under Loan Documents by granting to Secured Party a first priority security interest in the Collateral (as defined below). 
 D. All capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Loan Agreement.

 NOW, THEREFORE, in consideration of the premises and the mutual covenants and conditions
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby specifically acknowledged, Secured Party and Debtor agree as follows: 
 1. GRANT OF SECURITY INTEREST. To secure the prompt and complete payment,
observance and performance of each covenant, condition or obligation of whatsoever nature to be performed or observed by the Company under the Loan Documents, including repayment of all future loans extended by and reimbursement obligations owing to
Secured Party (the “Secured Obligations”), the Company hereby grants Secured Party a first priority security interest (except for Permitted Liens that are senior to Bank’s security interest) in and to all assets of the Company
whether now existing or hereafter arising or acquired, including without limitation the following (collectively, the “Collateral”): 
 (a) all accounts, deposit accounts, contract rights, chattel paper, (whether electronic or tangible) instruments, promissory notes, documents, general intangibles, payment intangibles, software, letter of credit
rights, health-care insurance receivables and other rights to payment of every kind now existing or at any time hereafter arising; 
 (b) all inventory, goods held for sale or lease or to be furnished under contracts for service, or goods so leased or furnished, raw materials, component parts, work in process and other materials used or consumed in Debtor’s business,
now or at any time hereafter owned or acquired by Debtor, wherever located, and all products thereof, whether in the possession of Debtor, any warehousemen, any bailee or any other person, or in process of delivery, and whether located at
Debtor’s places of business or elsewhere; 
 (c) all warehouse receipts, bills of sale, bills of lading and other
documents of every kind (whether or not negotiable) in which Debtor now has or at any time hereafter acquires any interest, and all additions and accessions thereto, whether in the possession or custody of Debtor, any bailee or any other person for
any purpose; 
 (d) all money and property heretofore, now or hereafter delivered to or deposited with Secured Party or
otherwise coming into the possession, custody or control of Secured Party (or any agent or bailee of Secured Party) in any manner or for any purpose whatsoever during the existence of this Agreement and whether held in a general or special account
or deposit for safekeeping or otherwise; 
 (e) all right, title and interest of Debtor under licenses, guaranties,
warranties, management agreements, marketing or sales agreements, escrow contracts, indemnity agreements, insurance policies, service or maintenance agreements, supporting obligations and other similar contracts of every kind in which Debtor now has
or at any time hereafter shall have an interest; 
 (f) all goods, tools, machinery, furnishings, furniture and other
equipment and fixtures of every kind now existing or hereafter acquired, and all improvements, replacements, accessions and additions thereto and embedded software included therein, whether located on any property owned or leased by Debtor or
elsewhere, including without limitation, any of the foregoing now or at any time hereafter located at or installed on the land or in the improvements at any of the real property owned or leased by Debtor, and all such goods after they have been
severed and removed from any of said real property; 

 (g) all motor vehicles, trailers, mobile homes, manufactured homes, boats, other rolling
stock and related equipment of every kind now existing or hereafter acquired and all additions and accessories thereto, whether located on any property owned or leased by Debtor or elsewhere; 
 (h) all of the following (collectively, “Intellectual Property Collateral”): 
 (i) all patents and patent applications and all patent rights with respect thereto throughout the world, including without
limitation all license royalties, foreign filing rights, and rights to extend such patents and patent rights, and all rights in all patentable inventions, and to file applications for patent under federal patent law or under the laws or regulations
of any foreign country (collectively, the “Patents”); 
 (ii) all copyrights (whether or not
registered with the United States Copyright Office), and all applications for copyright registration (including without limitation, applications for copyright registrations of derivative works and compilations), all license royalties, foreign filing
rights, and extension rights (collectively, the “Copyrights”); 
 (iii) all trademarks and
rights and interests which are capable of being protected as trademarks (including without limitation trademarks, service marks, designs, logos, indicia, tradenames, corporate names, company names, business names, fictitious business names, trade
styles, and other source or business identifiers, and the goodwill related thereto and represented thereby, and applications pertaining thereto, and all rights to register trademark claims under any state or federal trademark law or regulation of
any foreign country, and to apply for, renew, and extend trademark registrations and trademark rights (collectively, “Trademarks” ); 
 (iv) all computer programs, software, source codes, object codes, data bases, processes and trade secrets and all other intellectual property in which Debtor now has or hereafter creates or
acquires any interest; and 
 (v) all applications for any of the foregoing and all licenses with respect to
any of the foregoing; 
 (i) all commercial tort claims in existence on the date of this Agreement or at any time hereafter
arising and identified by the Debtor to Secured Party; 
 together with whatever is receivable or received when any of the foregoing or the
proceeds thereof are sold, leased, collected, exchanged or otherwise disposed of, whether such disposition is voluntary or involuntary, including without limitation, all rights to payment, including returned premiums, with respect to any insurance
relating to any of the foregoing, any infringement claims or causes of action and all rights to payment with respect to any claim or cause of action affecting or relating to any of the foregoing. 

 Notwithstanding the foregoing, the Collateral shall not include: (a) interests as a
lessee under real property and personal property leases, (b) more than 65% of the voting securities of any Foreign Subsidiary of Debtor; or (c) equipment and related software encumbered by a Permitted Lien covered by paragraph (d) of
the definition of Permitted Liens, and any rights of Debtor as licensee, to the extent the granting of a security interest in such equipment or license rights (A) is prohibited by the terms of or would constitute a default under any agreement
or document governing such equipment or license right (but only to the extent such prohibition is enforceable under applicable law), or (B) is contrary to applicable law; provided that, upon the cessation of any such restriction or
prohibition, such equipment and/or license rights shall automatically become part of the Collateral; and provided further that the provisions of this Section 1 shall in no case exclude from the definition of Collateral any accounts
receivables, other rights to payment, general intangibles or proceeds of the disposition of any property. Except as disclosed to Secured Party in writing prior to the date hereof, Debtor represents and warrants to Secured Party that it is not
presently a party to, nor is it bound by, any material license, contract or agreement which prohibits Debtor from granting a security interest therein (to the extent such prohibition is enforceable under applicable law). Debtor shall not, hereafter,
without Secured Party’s prior written consent, enter into any material license which prohibits Debtor from granting a security interest therein to Secured Party (to the extent such prohibition is enforceable under applicable law), unless Debtor
uses commercially reasonable efforts to have such prohibition removed, and in the event Debtor is not successful in having such prohibition removed, Debtor shall give prompt written notice thereof to Secured Party. 
 Debtor agrees that this Agreement shall create a continuing security interest in the Collateral which shall remain in effect until the
payment and performance in full of all of the Secured Obligations. 
 2. DEBTOR’S
REPRESENTATIONS, WARRANTIES AND COVENANTS. Debtor represents, warrants and covenants as follows: 
 (a) Permitted Liens. Debtor has rights in and good title to all of the Collateral. Other than any of the Intellectual Property Collateral for which Debtor is a licensee, Debtor is and will
continue to be the sole and exclusive owner of the Collateral, free and clear of all security interests, liens or encumbrances or other rights or claims of third parties (“Liens”), other than Permitted Liens. For any of the
Intellectual Property Collateral for which Debtor is a licensee, each such license or licensing agreement is in full force and effect and Debtor is not in default of any of its material obligations thereunder. 
 (b) Organization. Debtor is a registered organization (as that term is used in Division 9 of the Uniform Commercial
Code (the “UCC”)) under the laws of the State of Delaware. Debtor will notify Secured Party prior to changing either its form or jurisdiction of organization. 

 (c) True and Complete List. Set forth in (i) Exhibit A
is a true and complete list of all registered Copyrights and applications for registrations of Copyrights in which as of the date hereof Debtor holds any interest, (ii) Exhibit B is a true and complete list of all existing patents and
letters patent of the U.S. or any other country, all registrations and recordings thereof, and all applications for letters patent, in which as of the date hereof Debtor holds any interest, (iii) Exhibit C is a true and complete list of
all registered trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names and domain names, in which as of the date hereof Debtor holds any interest, and (iv) Exhibit D is a is a
true and complete list of all claims arising in tort in which Debtor is a claimant existing as of the date hereof. 
 (d) Trade Secrets. Debtor has taken and will continue to take all reasonable steps to protect the secrecy of and preserve it rights and interests in and to all of its material trade secrets and other material proprietary rights and
interests. 
 (e) No Infringement. To the best of Debtor’s knowledge, no material infringement or
unauthorized use presently is being made of any of the Intellectual Property Collateral, by any person or entity, and, to the best of Debtor’s knowledge, Debtor’s use of the Intellectual Property Collateral does not and will not infringe
upon the rights or interests of any other person or entity. 
 (f) Authorization. The person signing
below on behalf of Debtor is authorized to sign this Agreement on behalf of Debtor and to bind Debtor to the terms of this Agreement, and all corporate action necessary for the execution of this Agreement has been properly taken by Debtor.

 (g) Attorney-in-Fact. Debtor appoints Secured Party, and any officer, employee or agent of Secured
Party, with full power of substitution, as Debtor’s true and lawful attorney-in-fact, effective as of the date hereof, with power, in its own name or in the name of Debtor, (i) during the continuance of an Event of Default (as defined
below), to endorse any notes, checks, drafts, money orders, or other instruments of payment in respect of the Collateral that may come into Secured Party’s possession, (ii) during the continuance of an Event of Default, to sign and endorse
any drafts against debtors, assignments, verifications and notices in connection with accounts, and other documents relating to Collateral, (iii) to pay or discharge taxes or liens at any time levied or placed on or threatened against the
Collateral, (iv) during the continuance of an Event of Default, to demand, collect, issue receipt for, compromise, settle and sue for monies due in respect of the Collateral, (v) during the continuance of an Event of Default, to notify
parties obligated with respect to the Collateral to make payments directly to Secured Party, and (vi) generally, to do, at Secured Party’s option and at Debtor’s expense, at any time, or from time to time, all acts and things which
Secured Party deems reasonably necessary to protect, preserve and realize upon the Collateral and Secured Party’s security interest therein, all as fully and effectually as Debtor might or could do; and Debtor hereby ratifies all that said
attorney shall lawfully do or cause to be done by virtue hereof. This power of attorney is coupled with an interest and shall be irrevocable as long as any of the Secured Obligations are outstanding. 

 (h) Books and Records; Insurance. Debtor will at all times keep in
a manner reasonably satisfactory to Secured Party accurate and complete records of the Collateral and will keep such Collateral insured to the extent similarly situated companies insure their assets. Secured Party shall be entitled, at reasonable
times and intervals after reasonable notice to Debtor, to enter Debtor’s premises for purposes of inspecting the Collateral and Debtor’s books and records relating thereto. 
 (i) Compliance with Laws. Debtor shall not use the Collateral in any manner that is or would result in any material
violation of any applicable statute, ordinance, law or regulation or in material violation of any insurance policy maintained by Debtor with respect to the Collateral. 
 (j) Financing Statements. Other than financing statements, security agreements, assignments and other agreements or
instruments executed, delivered, filed or recorded for the purpose of granting or perfecting any Lien (collectively, “Financing Statements”) existing as of the date hereof and disclosed to Secured Party on Exhibit E hereto or
arising after the date hereof in connection with any Permitted Lien and Financing Statements in favor of Secured Party, no effective Financing Statement naming Debtor as debtor, assignor, Debtor, mortgagor, pledgor or the like and covering all or
any part of the Collateral is on file in any filing or recording office in any jurisdiction. 
 (k)
Notices, Reports and Information. Debtor will (i) notify Secured Party of any material claim made or asserted against the Collateral by any person or entity and of any change in the composition of the Collateral or other event which
could materially adversely affect the value of the Collateral or Secured Party’s Lien thereon; (ii) furnish to Secured Party such statements and schedules further identifying and describing the Collateral and such other reports and other
information in connection with the Collateral as Secured Party may reasonably request, all in reasonable detail; (iii) upon request of Secured Party make such demands and requests for information and reports as Debtor is entitled to make in
respect of the Collateral; and (iv) at Debtor’s sole expense take such action and cause to be made such filings and recordations as Secured Party may reasonably request in order to perfect and protect the security interest and the first
priority of Secured Party in and to any and all of the Collateral, including such filings and recordations as may be necessary or prudent (as determined by Secured Party) in the United States Copyright Office and the United States Patent and
Trademark Office. 
 (l) Disposition of Collateral. Debtor will not surrender or lose possession of
(other than to Secured Party), sell, lease, rent, or otherwise dispose of or transfer, any of the Collateral or any right or interest therein, except to the extent permitted by the Loan Documents, or dispositions of inventory in the ordinary course
of Debtor’s business. Debtor will maintain the Collateral and will not incur or suffer to exist any Liens against the Collateral other than Permitted Liens. 
 (m) Commercial Tort Claims. Debtor will promptly notify the Security Party of the existence of and information regarding any commercial tort claim arising hereafter in a document
authenticated by Debtor and confirming the grant of the security interest under this Agreement in such commercial tort claim. 

 3. EVENTS OF DEFAULT. The failure of Debtor
to pay when due any of the Secured Obligations, or to perform any of its other obligations under any of the Loan Documents, in each case after any period of grace as provided in the Loan Documents, or any material misrepresentation by Debtor in or
made in connection with any Loan Document, or the occurrence of any other “Event of Default” as defined in any of the Loan Documents, shall constitute an “Event of Default” hereunder. 
 4. REMEDIES. Upon the occurrence of an Event of Default, Secured Party may declare all of the Secured Obligations to be
immediately due and payable, and Secured Party may exercise any and all rights and remedies hereunder or under applicable law; provided, however, if any Event of Default occurs as a consequence of the commencement of a bankruptcy or other
insolvency proceeding by or against Debtor, all of the Secured Obligations shall be automatically and immediately due and payable without further action or demand. Without limiting the foregoing, Secured Party shall have the right, itself or through
any of its agents, with or without notice to Debtor, as to any or all of the Collateral, by any available judicial procedure, or without judicial process (provided, however, that it is in compliance with applicable law), to exercise any and
all rights afforded to a secured party under the UCC or other applicable law, to sell or otherwise dispose of all or any part of the Collateral, either at public or private sale, in lots or in bulk, for cash or for credit, with or without warranties
or representations, and upon such terms and conditions, all as Secured Party, in its sole discretion, may deem advisable, and it shall have the right to purchase at any such sale. Debtor agrees that a notice sent at least ten (10) days before
the time of any intended public sale or of the time after which any private sale or other disposition of the Collateral is to be made shall be reasonable notice of such sale or other disposition. The proceeds of any such sale, or other Collateral
disposition shall be applied first to the expenses of retaking, holding, storing, processing and preparing for sale, selling, and the like, and to attorneys’ fees and legal expenses of Secured Party, and then to the Secured Obligations and to
the payment of any other amounts required by applicable law, after which Secured Party shall account to Debtor for any surplus proceeds. The rights and remedies with respect to Debtor and the Collateral, whether established hereby or by any other
agreements, instruments or documents or by law, shall be cumulative and may be exercised singly or concurrently, and are not exclusive of any other rights or remedies provided under any other agreement, instrument or document to which Debtor is a
party or by which it or any of the Collateral is bound or by law or equity. 
 5. LICENSE. Debtor grants to
Secured Party, to the fullest extent permitted under applicable law, a fully paid and royalty free license, exercisable only upon the occurrence and during the continuance of an Event of Default, to use any and all of the Intellectual Property
Collateral as may be reasonably necessary to permit the exercise of any of Secured Party’s rights or remedies with respect to any of the Collateral. 
 6. FURTHER ASSURANCES. Debtor will upon request promptly execute and deliver all further instruments and documents, and take all further action that Secured Party may reasonably request
in order to perfect, protect and maintain the priority of the security interest granted by this Agreement and to enable Secured Party to exercise and enforce its rights and remedies under this Agreement. 

 7. WAIVERS. Debtor hereby waives (a) the right to require Secured
Party to proceed against any other person or against any other collateral it may hold; (b) presentment, protest and notice of protest, demand and notice of nonpayment, demand of performance, notice of sale, and advertisement of sale,
(c) following an Event of Default, any right to the benefit of or to direct the application of any of the Collateral until the obligations of Debtor shall have been paid in full, and (d) any defenses which may arise by reason of, or be
based on, lack of diligence in collection. 
 8. ATTORNEYS’ FEES. Debtor agrees to pay the
costs and expenses, including reasonable attorneys’ fees, which may be incurred by Secured Party in connection with the negotiation, administration and enforcement of this Agreement and the protection of a Secured Party’s rights hereunder,
whether or not legal action is instituted or filed. 
 9. NO WAIVER. Any acceptance of partial
or delinquent payments or failure of Secured Party to exercise any right shall not waive any obligation of Debtor or right of Secured Party or modify this Agreement or waive any similar default. 
 10. ASSIGNABILITY. Secured Party may assign its rights under this Agreement and in the Collateral to anyone at any time.
This Agreement shall be binding on Debtor and its successors and assigns, and shall benefit Secured Party and its successors and assigns. 
 11. ENTIRE AGREEMENT. This Agreement and the other agreements referenced herein and therein contain the entire security agreement between Secured Party and Debtor. This Agreement may only
be amended, waived, discharged or terminated by a written instrument signed by the Company and Secured Party. 
 12.
CHOICE OF LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to conflicts of law principles. 
 13. NOTICES. Except as otherwise provided, all notices and other communications required or permitted hereunder shall be
in writing, shall be effective when given, and shall in any event be deemed to be given upon receipt or, if earlier, (i) five (5) days after deposit with the U.S. postal service or other applicable postal service, if delivered by first
class mail, postage prepaid, (ii) upon delivery, if delivered by hand, (iii) one (1) business day after the day of deposit with Federal Express or similar overnight courier, freight prepaid, if delivered by overnight courier or
(iv) one (1) business day after the day of facsimile transmission, if delivered by facsimile transmission with copy by first class mail, postage prepaid, and shall be addressed, (a) if to Secured Party, at Secured Party’s address
set forth below its signature, or (b) if to Debtor, at its address as set forth below, or at such other address of Debtor or Secured Party as such party shall have furnished the other in writing: 
 14. INDEMNITY. Debtor hereby indemnifies Secured Party, its principals and agents (the “Indemnified
Parties”) for, and agrees to protect and hold each of them harmless from and against, any and all liabilities, obligations, losses, damages, costs and expenses 

 
(including, without limitation, reasonable attorneys’ fees), causes of action, suits, claims, demands and judgments of any nature or description
whatsoever, which may at any time be imposed upon, incurred by or awarded against any Indemnified Party (other than as a result of such Indemnified Party’s own gross negligence or willful misconduct) as a result of the occurrence of any one or
more of the following: (a) the grant to Secured Party of any interest in or to any of the Collateral, and (b) any infringement or claim of infringement by any person or entity with respect to any of the Intellectual Property Collateral, or
any claim that any of the Intellectual Property Collateral misappropriates any patent, copyright, trade secret, trademark or other intellectual property right of any third party, or breaches any agreement of Debtor with any third party. 

15. SEVERABILITY. If any provision or provisions of this Agreement shall be deemed to be contrary to public policy or
shall for any reason be held to be invalid, then such provision or provisions shall be deemed to be separable from the remaining provisions of this Agreement, and shall in no way affect the validity of any of the remaining provisions of this
Agreement. 
 16. HEADINGS. Captions and headings in this Agreement are for convenience only and are not to be
deemed part of this Agreement. 
 17. COUNTERPARTS. This Agreement may be executed in counterparts, which when
taken together shall constitute one document. 
 18. NO NOVATION. This Agreement amends and
restates the Existing Agreement in its entirety as of the date first written above, and is not intended to constitute a novation of the obligations thereunder. Nothing contained herein shall terminate any security interests, liens, guaranties or
subordinations in favor of Secured Party and all such security interests, guaranties and subordinations shall continue in full force and effect. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, Debtor has executed and
delivered this Agreement in favor of Secured Party as of the day and year first above written. 
  

			
	DEBTOR
	
	NATUS MEDICAL INCORPORATED
		
	By:	 	 /s/ Steven J. Murphy

		 	 Steven J. Murphy
 Vice President Finance and Chief Financial Officer

			
		
	Address:	 	1501 Industrial Road
		 	San Carlos, CA 94070Fuel Systems Solutions, Inc. Deferred Compensation Plan

 Exhibit 10.11 
 SPECIMEN SECTION 451 
 DEFERRED COMPENSATION PLAN 
 (For Use With The Adoption Agreement For 
 the
Specimen Section 451 
 Deferred Compensation Plan) 

 SPECIMEN SECTION 451 
 DEFERRED COMPENSATION PLAN 
 TABLE OF CONTENTS 
  

					
	ARTICLE 1
	DEFINITIONS
			
	 1.1
	  	ACCOUNT	  	1
	 1.2
	  	AGREEMENT	  	1
	 1.3
	  	BENEFICIARY	  	1
	 1.4
	  	BOARD	  	1
	 1.5
	  	CHANGE IN CONTROL	  	1
	 1.6
	  	CODE	  	2
	 1.7
	  	COMPENSATION	  	2
	 1.8
	  	COMPENSATION DEFERRAL ACCOUNT	  	2
	 1.9
	  	COMPENSATION DEFERRALS	  	2
	 1.10
	  	DISABILITY	  	2
	 1.11
	  	EFFECTIVE DATE	  	2
	 1.12
	  	ELECTION FORM	  	2
	 1.13
	  	ELIGIBLE EMPLOYEE	  	2
	 1.14
	  	EMPLOYER	  	2
	 1.15
	  	EMPLOYER CONTRIBUTION CREDIT ACCOUNT	  	2
	 1.16
	  	EMPLOYER CONTRIBUTION CREDITS	  	2
	 1.17
	  	ENTRY DATE	  	3
	 1.18
	  	PARTICIPANT	  	3
	 1.19
	  	PERFORMANCE-BASED COMPENSATION	  	3
	 1.20
	  	PLAN	  	3
	 1.21
	  	PLAN YEAR	  	3
	 1.22
	  	SEPARATION FROM SERVICE	  	3
	 1.23
	  	SPECIFIED EMPLOYEE	  	3
	 1.24
	  	TRUST	  	3
	 1.25
	  	TRUSTEE	  	3
	 1.26
	  	VALUATION DATE	  	3
	
	ARTICLE 2
	ELIGIBILITY AND PARTICIPATION
			
	 2.1
	  	REQUIREMENTS	  	3
	 2.2
	  	RE-EMPLOYMENT	  	4
	 2.3
	  	CHANGE OF EMPLOYMENT CATEGORY	  	4

  

 i 

					
	ARTICLE 3
	CONTRIBUTIONS AND CREDITS
			
	 3.1
	  	PARTICIPANT COMPENSATION DEFERRALS	  	4
	 3.2
	  	EMPLOYER CONTRIBUTION CREDITS	  	5
	 3.3
	  	CONTRIBUTIONS TO THE TRUST	  	5
	
	ARTICLE 4
	ALLOCATION OF FUNDS
			
	 4.1
	  	INVESTMENT AUTHORITY OVER ACCOUNT	  	6
	 4.2
	  	ACCOUNTING FOR DISTRIBUTIONS	  	6
	 4.3
	  	SEPARATE ACCOUNTS	  	6
	 4.4
	  	DEEMED INVESTMENT DIRECTIONS OF PARTICIPANTS	  	7
	 4.5
	  	EXPENSES AND TAXES	  	8
	
	ARTICLE 5
	ENTITLEMENT TO BENEFITS
			
	 5.1
	  	PAYMENT DATES	  	8
	 5.2
	  	UNFORESEEABLE EMERGENCY DISTRIBUTIONS	  	9
	 5.3
	  	DEATH; DISABILITY	  	9
	 5.4
	  	FORFEITURES	  	9
	
	ARTICLE 6
	DISTRIBUTION OF BENEFITS
			
	 6.1
	  	AMOUNT	  	10
	 6.2
	  	METHOD OF PAYMENT	  	10
	 6.3
	  	ACCELERATIONS	  	10
	 6.4
	  	DEATH OR DISABILITY BENEFITS	  	11
	
	ARTICLE 7
	BENEFICIARIES; PARTICIPANT DATA
			
	 7.1
	  	DESIGNATION OF BENEFICIARIES	  	11
	 7.2
	  	INFORMATION TO BE FURNISHED BY PARTICIPANTS AND BENEFICIARIES; INABILITY TO LOCATE PARTICIPANTS OR BENEFICIARIES	  	11
	
	ARTICLE 8
	ADMINISTRATION
			
	 8.1
	  	ADMINISTRATIVE AUTHORITY	  	12
	 8.2
	  	LITIGATION	  	13
	 8.3
	  	CLAIMS PROCEDURE	  	13

  

 ii 

					
	ARTICLE 9
	AMENDMENT
			
	 9.1
	  	RIGHT TO AMEND	  	17
	 9.2
	  	AMENDMENTS TO ENSURE PROPER CHARACTERIZATION OF PLAN	  	17
	
	ARTICLE 10
	TERMINATION
			
	 10.1
	  	EMPLOYER’S RIGHT TO TERMINATE OR SUSPEND PLAN	  	17
	 10.2
	  	AUTOMATIC TERMINATION OF PLAN	  	17
	 10.3
	  	SUSPENSION OF DEFERRALS	  	17
	 10.4
	  	ALLOCATION AND DISTRIBUTION	  	17
	 10.5
	  	SUCCESSOR TO EMPLOYER	  	18
	
	ARTICLE 11
	THE TRUST
			
	 11.1
	  	ESTABLISHMENT OF TRUST	  	18
	
	ARTICLE 12
	MISCELLANEOUS
			
	 12.1
	  	LIABILITY OF EMPLOYER; LIMITATIONS ON LIABILITY OF EMPLOYER OR EMPLOYER	  	18
	 12.2
	  	CONSTRUCTION	  	18
	 12.3
	  	SPENDTHRIFT PROVISION	  	19
	 12.4
	  	AGGREGATION OF EMPLOYERS	  	19
	 12.5
	  	TAX WITHHOLDING	  	19

  

 iii 

 SPECIMEN SECTION 451 
 DEFERRED COMPENSATION PLAN 
 RECITALS 
 By executing the attached Adoption Agreement (the “Agreement”), the Employer, as identified in the Agreement, has adopted this Specimen
Section 451 Deferred Compensation Plan (the “Plan”) effective as provided in the Agreement. This Plan is intended to offer a select group of the Employer’s management or highly compensated employees an opportunity to elect to
defer the receipt of compensation in order to provide deferred compensation benefits taxable pursuant to section 451 of the Internal Revenue Code of 1986, as amended (the “Code”), and to provide a deferred compensation vehicle to which the
Employer, in its discretion, may credit certain amounts on behalf of participants. The Plan is intended to be a “top-hat” plan (i.e., an unfunded deferred compensation plan maintained for a select group of management or highly-compensated
employees) under sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan also is intended to comply with the requirements of Code section 409A. Participation in this
Plan shall not be construed to create an employment contract between any Participant and the Employer. 
 Accordingly, the following Plan is
adopted. 
 ARTICLE 1 
 DEFINITIONS 
 Whenever used in the Plan or the Agreement, the following terms shall have the meanings as set forth in
this Article unless a different meaning is clearly required by the context. 
 1.1 ACCOUNT means the balance credited to a
Participant’s or Beneficiary’s Plan account, including amounts credited to the Participant’s Compensation Deferral Account (if any) and the Participant’s Employer Contribution Credit Account (if any) and deemed income, gains and
losses (as determined by the Employer, in its discretion) credited to those Accounts (if any). A Participant’s or Beneficiary’s Account shall be determined as of the date of reference. 
 1.2 AGREEMENT means the Adoption Agreement for the Specimen Section 451 Deferred Compensation Plan that was executed by the Employer.

 1.3 BENEFICIARY means any person or person so designated in accordance with the provisions of Article 7. 
 1.4 BOARD means the Employer’s Board of Directors, or a committee of the Employer’s Board of Directors duly authorized to make
determinations and act for the Board under this Plan. 
 1.5 CHANGE IN CONTROL means a change in the ownership of the Employer within
the meaning of Code section 409A and IRS guidance under Code section 409A (e.g., Q&A 12 of IRS Notice 2005-1). 
  

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 1.6 CODE means the Internal Revenue Code of 1986 and the Treasury regulations and other
authoritative guidance issued under the Code, as amended from time to time. 
 1.7 COMPENSATION means the cash remuneration paid by
the Employer to an Eligible Employee with respect to his or her service for the Employer (as determined in accordance with the Agreement). 
 1.8 COMPENSATION DEFERRAL ACCOUNT is described in Section 3.1. 
 1.9 COMPENSATION DEFERRALS is described in
Section 3.1. 
 1.10 DISABILITY means a Participant becoming disabled within the meaning of Code section 409A (i.e., a
Participant (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not
less than twelve months, (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income
replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Employer or (iii) is determined to be totally disabled by the Social Security Administration). 
 1.11 EFFECTIVE DATE means the effective date of this Plan specified in the Agreement. 
 1.12 ELECTION FORM means the form or forms on which a Participant elects to defer Compensation under this Plan and the Agreement and/or on which
the Participant makes certain other designations as required under this Plan and the Agreement. 
 1.13 ELIGIBLE EMPLOYEE means, for
any Plan Year (or applicable portion thereof), an employee of the Employer who is determined by the Employer to be a member of a select group of management or highly compensated employees of the Employer and who is designated by the Board to be an
Eligible Employee under the Plan. 
 Prior to the beginning of each Plan Year, the Employer shall notify those individuals, if any, who will
be Eligible Employees for the next Plan Year. If the Employer determines that an individual first becomes an Eligible Employee during a Plan Year, the Employer shall notify such individual of its determination and the individual shall first become
an Eligible Employee as of the date of the notification. 
 1.14 EMPLOYER means (individually or collectively, as required by the
context), the entity or entities that execute the Agreement as the Employer (or affiliated employers), or any successors that adopt the Plan. 
 1.15 EMPLOYER CONTRIBUTION CREDIT ACCOUNT is described in Section 3.2. 
 1.16 EMPLOYER CONTRIBUTION CREDITS is
described in Section 3.2. 
  

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 1.17 ENTRY DATE with respect to an individual means the first day of the pay period following the
date on which the individual becomes an Eligible Employee or the date(s) specified as Entry Date(s) in the Adoption Agreement. 
 1.18
PARTICIPANT means any person so designated in accordance with the provisions of Article 2, including, where appropriate according to the context of the Plan, any former employee who is or may become (or whose Beneficiaries may become)
eligible to receive a benefit under the Plan. 
 1.19 PERFORMANCE-BASED COMPENSATION means that portion of an Eligible Employee’s
Compensation which is based on the performance by the Eligible Employee of services for the Employer over a period of at least twelve (12) months and which qualifies as “performance-based compensation” under Code section 409A.

 1.20 PLAN means this Specimen Section 451 Deferred Compensation Plan, as amended from time to time. 
 1.21 PLAN YEAR means the twelve (12) month period ending on the December 31 of each year during which the Plan is in effect. The Plan
may experience a short Plan Year from its Effective Date until the following December 31. 
 1.22 SEPARATION FROM SERVICE means
separation from service within the meaning of Code section 409A. 
 1.23 SPECIFIED EMPLOYEE means, with respect to a corporation any
stock of which is publicly traded on an established securities market or otherwise, a key employee, as defined in Code section 416(i) (without regard to paragraph (5) of that section) to mean an employee of the Employer who, at any time during
the Plan Year, is (1) an officer of the Employer having an annual compensation greater than one hundred thirty-five thousand dollars ($135,000) for 2005 (indexed for inflation in future years); (ii) a five-percent (5%) owner of the
Employer; or (iii) a one-percent (1%) owner of the Employer having an annual compensation from the Employer of more than one hundred fifty thousand dollars ($150,000). 
 1.24 TRUST means (if a Trust is elected in the Agreement) the Trust described in Article 11. 
 1.25 TRUSTEE means (if a Trust is elected in the Agreement) the trustee of the Trust described in Article 11. 
 1.26 VALUATION DATE means each day of each Plan Year. 
 ARTICLE 2 
 ELIGIBILITY AND PARTICIPATION 
 2.1 REQUIREMENTS. Every Eligible Employee on the Effective Date shall be eligible to become a Participant on the Effective Date. Every other
Eligible Employee shall be eligible to become a Participant on his or her first Entry Date. No individual shall become a Participant, however, if he or she is not an Eligible Employee on the date his or her participation is to begin. 
  

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 Participation in the Compensation Deferral portion of the Plan (if Compensation Deferrals are elected in
the Agreement) is voluntary. In order to participate in the Compensation Deferral portion of the Plan, an otherwise Eligible Employee must make written application on an Election Form at such time and in such manner as may be required by
Section 3.1 and by the Employer and must agree to make Compensation Deferrals as provided in Article 3. 
 Participation in the Employer
Contribution Credit Account portion of the Plan (if Employer Contribution Credits are elected in the Agreement) is automatic and does not require a Participant’s election to participate. 
 2.2 RE-EMPLOYMENT. Subject to Code section 409A, if a Participant whose employment with the Employer is terminated is subsequently re-employed, he
or she shall become a Participant in accordance with the provisions of Section 2.1. 
 2.3 CHANGE OF EMPLOYMENT CATEGORY. During
any period in which a Participant remains in the employ of the Employer, but ceases to be an Eligible Employee, he or she shall not be eligible to make Compensation Deferrals or receive Employer Contribution Credits. 
 ARTICLE 3 
 CONTRIBUTIONS
AND CREDITS 
 3.1 PARTICIPANT COMPENSATION DEFERRALS. If Compensation Deferrals are elected in the Agreement, subject to the
remaining paragraphs of this Section and in accordance with rules established by the Employer and subject to such amount limitations as might be imposed by the Employer in its discretion, a Participant may elect to defer Compensation which is due to
be earned and which would otherwise be paid to the Participant, in any fixed periodic dollar amounts or percentages designated by the Participant. Amounts so deferred will be considered a Participant’s “Compensation Deferrals.” Except
as provided below, a Participant shall make such election(s) under this paragraph with respect to a coming twelve (12) month Plan Year during the period beginning sixty days before the end of the Plan Year and ending on the last day of the Plan
Year, or during such other period as might be established by the Employer, which period ends no later than the last day of the Plan Year preceding the Plan Year in which the services giving rise to the Compensation to be deferred are to be
performed. 
 In the case of the first Plan Year in which an Eligible Employee becomes eligible to become a Participant, if and to the extent
permitted by the Employer, the Eligible Employee may make an election no later than thirty (30) days after the date he or she becomes eligible to become a Participant to defer Compensation for services to be performed after the election.

 If and to the extent permitted by the Employer, a Participant may make an election to defer Performance-Based Compensation no later than
six (6) months prior to the last day of the period over which the services giving rise to the Performance-Based Compensation are performed. 
  

 4 

 Compensation Deferrals shall be made through regular payroll deductions or through an election by the
Participant to defer the payment of a bonus, if applicable. The Participant may change or revoke his or her Compensation Deferral election only if and to the extent permitted by the Employer and in accordance with the provisions of Code section 409A
specifically relating to the change and/or revocation of deferral elections. Generally, Compensation Deferral elections are irrevocable. 
 Compensation Deferrals shall be deducted by the Employer from the pay of a deferring Participant and shall be credited to the Compensation Deferral Account of the deferring Participant. 
 There shall be established and maintained a separate Compensation Deferral Account in the name of each Participant to which shall be credited or debited:
(a) amounts equal to the Participant’s Compensation Deferrals; and (b) amounts equal to any deemed earnings or losses (to the extent realized, based upon deemed fair market value of the Compensation Deferral Account’s deemed
assets, as determined by the Employer, in its discretion) attributable or allocable thereto. 
 A Participant shall at all times be 100%
vested in amounts credited to his or her Compensation Deferral Account. 
 If the Employer elects in the Agreement to link this Plan to the
Employer’s qualified retirement plan, a Participant may elect to defer Compensation which is due to be earned by the Participant in any fixed periodic dollar or percentage amount that does not exceed the limit with respect to elective deferrals
under Code section 402(g) in effect for the taxable year in which such deferrals are made (not taking into account any catch-up contributions permitted under Code section 414(v)). 
 3.2 EMPLOYER CONTRIBUTION CREDITS. If Employer Contribution Credits are elected in the Agreement, there shall be established and maintained a
separate Employer Contribution Credit Account in the name of each Participant. Each such Employer Contribution Credit Account shall be credited or debited, as applicable, with (i) amounts equal to the Employer’s Contribution Credits, if
any, credited to that Account; and (ii) amounts equal to any deemed earnings and losses (to the extent realized, based upon deemed fair market value of the Account’s deemed assets as determined by the Employer, in its discretion) allocated
to that Account. 
 The Employer Contribution Credits credited to a Participant’s Employer Contribution Credit Account for any
particular Plan Year shall be an amount (if any) identified in the Agreement. The Employer shall credit such contributions on behalf of such individuals, in such amounts and with such frequency as the Board determines in its sole discretion. A
Participant shall become vested in amounts credited to his or her Employer Contribution Credit Account according to the vesting schedule established in the Agreement. 
 3.3 CONTRIBUTIONS TO THE TRUST. An amount shall be contributed by the Employer to the Trust (if any) maintained under Section 11.1 equal to the amount(s) required to be credited to the Participant’s
Account under Sections 3.1 and 3.2. The Employer shall make a good faith effort to contribute these amounts to the Trust as soon as practicable following the date on which the contribution credit amount(s) are determined. 
  

 5 

 If elected in the Agreement, as soon as administratively feasible following the end of each Plan Year (or
as otherwise required by the Code), the Employer or the Trustee, if any, shall transfer, on behalf of each Participant, from the general assets of the Employer or the Trust, if any, to the trust established for the Employer’s qualified
retirement plan, an amount equal to the lesser of (a) the maximum amount of pre-tax deferrals that the Participant could have made to the Employer’s qualified retirement plan for that previous Plan Year, within the limits imposed under the
terms of the Employer’s qualified retirement plan and the Code (including Code sections 402(g), 401(k) and 401(m)), or (b) the amount of Compensation Deferrals the Participant actually deferred under the terms of this Plan for that Plan
Year; provided however, the Employer or the Trustee shall not transfer any amounts attributable to earnings, and the Trustee shall not transfer an amount of Compensation Deferrals that exceeds the limit with respect to elective deferrals under Code
section 402(g) in effect for the taxable year for which such transfer occurs. 
 ARTICLE 4 
 ALLOCATION OF FUNDS 
 4.1
INVESTMENT AUTHORITY OVER ACCOUNT. 
 (a) Participant Direction. If elected in the Agreement, each Participant
shall have the right to direct the Employer as to how amounts in his or her Compensation Deferral Account and/or Employer Contribution Credit Account (as applicable) shall be deemed to be invested. 
 (b) Employer Direction. If elected in the Agreement, the Employer (or its designee) shall have the right to direct how amounts in a
Participant’s Compensation Deferral Account and/or Employer Contribution Credit Account (as applicable) shall be deemed to be invested. 
 (c) Update on Accounts to Reflect Investment Performance. On a daily basis, a Participant’s Account will be credited or debited to reflect the Participant’s deemed pro rata portion of the value of
each deemed investment position maintained under the Plan. 
 4.2 ACCOUNTING FOR DISTRIBUTIONS. As of the date of any distribution
under this Plan, the distribution made to the Participant or his or her Beneficiary or Beneficiaries shall be charged to such Participant’s Account. The amount of the distribution shall be charged on a pro rata basis against the investments in
which the Participant’s Account is deemed to be invested (or shall be charged in any other manner acceptable to the Employer and directed by the person or entity with investment authority over the Account). 
 The fact that an allocation has been made will not operate to vest in any Participant any right, title or interest in any benefit under the Plan. Vesting
shall occur only as provided in Article 3 and in the Agreement. 
 4.3 SEPARATE ACCOUNTS. A separate bookkeeping account under the
Plan shall be established and maintained by the Employer to reflect the Account for each Participant with bookkeeping sub-accounts to show separately the Participant’s Compensation Deferral Account (if applicable) and the Participant’s
Employer Contribution Credit Account (if applicable). Each sub-account will separately account for the credits and debits described in Article 3. 
  

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 4.4 DEEMED INVESTMENT DIRECTIONS. Subject to such limitations as may from time to time be required
by law, imposed by the Employer, the Trustee (if applicable) or contained elsewhere in the Plan, and subject to such operating rules and procedures as may be imposed from time to time by the Employer, the person or entity having control over the
investment of the Account (as determined in the Agreement) will have the right to make the initial investment election by submission of a written form or an electronic form via a web site. Each person or entity having control over the investment of
an Account may give the Employer a direction (in accordance with (a), below) as to how the applicable Plan Account should be deemed to be invested among such categories of deemed investments as may be made available by the Employer under this Plan,
which may be unlimited, at the Employer’s sole discretion. Such direction shall designate the percentage (in any whole percent multiples) of each portion of the Participant’s Plan Accounts which is requested to be deemed to be invested in
such categories of deemed investments, and shall be subject to the following rules: 
 (a) Any initial or subsequent deemed
investment direction shall be in writing, on a form supplied by and filed with the Employer, and/or, as required or permitted by the Employer, shall be by oral designation and/or electronic transmission designation. A designation shall be effective
as of the date following the date the direction is received and accepted by the Employer on which it would be reasonably practicable for the Employer to effect the designation. Generally, any initial or subsequent deemed investment direction shall
be effective no later than the second business day after which the investment direction is received. 
 (b) All amounts
credited to the Participant’s Account shall be deemed to be invested in accordance with the then effective deemed investment direction, and as of the effective date of any new deemed investment direction, all or a portion of the
Participant’s Account at that date shall be reallocated among the designated deemed investment funds according to the percentages specified in the new deemed investment direction unless and until a subsequent deemed investment direction shall
be filed and become effective. An election concerning deemed investment choices shall continue indefinitely as provided in the Participant’s most recent investment direction form provided by and filed with the Employer. 
 (c) If the Employer receives an initial or revised deemed investment direction which it deems to be incomplete, unclear or improper, the
Participant’s investment direction then in effect shall remain in effect (or, in the case of a deficiency in an initial deemed investment direction, the Participant shall be deemed to have filed no deemed investment direction) until the
Participant completes a new investment direction. 
 (d) If the Employer possesses (or is deemed to possess as provided in
(c), above) at any time directions as to the deemed investment of less than all of a Participant’s Account, the Participant shall be deemed to have directed that the undesignated portion of the Account be deemed to be invested in a fund made
available under the Plan as determined by the Employer in its discretion. 
  

 7 

 (e) Each Participant, as a condition to his or her participation in this Plan, agrees to
indemnify and hold harmless the Employer and its agents and representatives from any losses or damages of any kind relating to the deemed investment of the Participant’s Account. 
 (f) Each reference in this Section to a Participant shall be deemed to include, where applicable, a reference to a Beneficiary of a
deceased Participant. 
 4.5 EXPENSES AND TAXES. Expenses, including Trustee fees (if any), associated with the administration or
operation of the Plan shall be paid by the Employer from its general assets unless the Employer elects to charge such expenses against the appropriate Participant’s Account or Participants’ Accounts. Any taxes allocable to an Account (or
portion thereof) maintained under the Plan which are payable prior to the distribution of the Account (or portion thereof), as determined by the Employer, shall be paid by the Employer unless the Employer elects to charge such taxes against the
appropriate Participant’s Account or Participants’ Accounts. 
 ARTICLE 5 
 ENTITLEMENT TO BENEFITS 
 5.1
PAYMENT DATES. This Section shall apply only as elected by the Employer in the Agreement. 
 At the earlier of the time the
Participant makes his or her initial Compensation Deferral election or the time Employer Contribution Credits are first credited to his or her Account, a Participant shall elect to receive payment of his or her vested Account, which payment will be
valued and payable according to the provisions of Article 6: (i) ninety (90) days following the Participant’s Separation from Service with the Employer for any reason (including death or Disability); (ii) on a fixed payment date
or dates (the “Fixed Payment Date(s)”); (iii) at the earlier of the preceding event or date(s); or (iv) at the earlier of ninety (90) days after a Change in Control and one or more of the preceding events or date(s).

 Notwithstanding the foregoing, if and when the Employer becomes a corporation whose stock is publicly traded on an established securities
market or otherwise, any Participant who is a Specified Employee and who incurs a Separation from Service with the Employer shall not be entitled to receive any portion of his or her vested Account under this Section prior to the date which is at
least six (6) months after the date or his or her Separation from Service (or, if earlier, his or her death). 
 Any Fixed Payment Date
elected by a Participant must be a date no earlier than the January 1 of the third calendar year after the calendar year in which the earliest Compensation Deferrals and/or Employer Contribution Credits subject to the Fixed Payment Date are to
be made by or on behalf of the Participant (or, if applicable, the January 1 of the third calendar year in which a new Compensation Deferral and/or Employer Contribution Credit is made after the Participant has received a distribution of his or
her previously vested Account). By way of example, an Eligible Employee who enrolls as a Participant in the Plan in November 2006 and who elects to defer Compensation to be earned during 2007 may elect at that time as his or her initial Fixed
Payment Date any date which is no earlier than January 1, 2010, in which case the Participant’s vested Plan Account as of December 31, 2009 (including his or her 2007, 2008 and 2009 Compensation Deferrals and/or Employer Contribution
Credits, and any earnings on those amounts) shall be paid on January 1, 2010. 
  

 8 

 If permitted by the Employer in the Agreement, any Fixed Payment Date may be delayed, to a later Fixed
Payment Date, so long as any election to delay the date is made by the Participant at least twelve (12) months prior to the date on which the distribution is to be made and such delay is at least five (5) full calendar years in length.
Such Fixed Payment Date may not be accelerated, except as provided in the remaining Sections of this Article. 
 5.2 UNFORESEEABLE
EMERGENCY DISTRIBUTIONS. If permitted by the Employer in the Agreement, in the event the Participant incurs an unforeseeable emergency, as defined below, the Participant may apply to the Employer for the distribution of all or any part of his or
her Account attributable to Compensation Deferrals and/or fully vested Employer Contribution Credits. The Employer shall consider the circumstances of each such case, and the best interests of the Participant and his or her family, and shall have
the right, in its sole discretion, if applicable, to allow such distribution, or, if applicable, to direct a distribution of part of the amount requested, or to refuse to allow any distribution; provided, however, that such distribution shall be
permitted solely to the extent permitted under Code section 409A. Upon a finding of unforeseeable emergency, the Employer shall direct that the appropriate distribution is made to the Participant with respect to the Participant’s vested Account
in a lump sum payment. In no event shall the aggregate amount of the distribution exceed either the full value of the Participant’s vested Account or the amount determined by the Employer to be necessary to satisfy the unforeseeable emergency
plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which the hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by
liquidation of the Participant’s assets (to the extent the liquidation of assets would not itself cause severe financial hardship). For purposes of this Section, the value of the Participant’s vested Account shall be determined as of the
date of the distribution. 
 For purposes of this Section, “unforeseeable emergency” means (a) a severe financial hardship to
the Participant resulting from an illness or accident of the Participant, the Participant’s spouse or a dependent (as defined in Code section 152(a)) of the Participant, (b) loss of the Participant’s property due to casualty, or
(c) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, each as determined to exist by the Employer. A distribution may be made under this Section only with the
consent of the Employer. 
 5.3 DEATH, DISABILITY. Upon the Participant’s death or Disability, the Participant’s vested
Account shall be valued and paid to the Participant or the Participant’s designated Beneficiary(ies), as applicable, as provided in Article 6. 
 5.4 FORFEITURES. The vested portion of a Participant’s Plan Account shall be payable as provided in this Article. The unvested portion of such Plan Account shall be forfeited and allocated in the manner described below.
Forfeitures of Employer Contribution Credits may be used first to pay any expenses payable by the Trust (if any) for the Plan Year and then shall be used to reduce the Employer Contribution Credits, if any, for the Plan Year (or shall be returned to
the Employer if future Employer Contributions equal to the amount of the forfeitures are not anticipated). 
  

 9 

 ARTICLE 6 
 DISTRIBUTION OF BENEFITS 
 6.1 AMOUNT. A Participant (or his or her Beneficiary) shall
become entitled to receive, on the date or dates determined in accordance with Article 5, a distribution (or commencement of distributions) in an aggregate amount equal to the Participant’s vested Account. If a Trust is elected under the
Agreement, any payment due under the terms of the Plan from the Trust which is not paid by the Trust for any reason will be paid by the Employer from its general assets. 
 6.2 METHOD OF PAYMENT. 
 (a) Cash Payments. All payments under the Plan shall
be made in cash. 
 (b) Timing and Manner of Payment. Except as otherwise provided in this Plan, on the date or dates
determined in accordance with Article 5, an aggregate amount equal to the Participant’s vested Account will be paid by the Trust or the Employer, as provided in Section 6.1 (and as elected in the Agreement), in (i) a lump sum, or
(ii) in up to ten annual installments (adjusted for gains and losses), as selected by the Participant at the time he or she makes his or her initial Compensation Deferral election or the time Employer Contribution Credits are first credited to
his or her Account. If a Participant fails to designate properly the manner of payment of the Participant’s benefit under the Plan, the Participant will be deemed to have elected a lump sum payment. If a Participant fails to designate properly
the timing of payment of the Participant’s benefit under the Plan, the Participant will be deemed to have elected payment of his or her vested Account ninety (90) days following Separation from Service (subject to the six month delay rule
described in Section 5.1). 
 Subject to Section 6.3 and if elected by the Employer in the Agreement, the Participant may change
his or her above-described timing and manner of payment elections (or deemed elections) by submitting a new Election Form to the Employer, provided that any such Election Form is submitted at least twelve (12) months prior to the date on which
the distribution is to be made (or commence) and delays the distribution (or commencement of distributions) date at least five (5) full calendar years from the previously scheduled distribution date. 
 If the whole or any part of a payment under this Plan is to be in installments, the total to be so paid shall continue to be deemed to be invested
pursuant to Article 4 under such procedures as the Employer may establish, in which case any deemed income, gain, loss or expense or tax allocable thereto (as determined by the Employer, in its discretion) shall be reflected in the installment
payments, using such method for the calculation of the installments as the Employer shall reasonably determine. 
 6.3 ACCELERATIONS.
Notwithstanding anything in the Plan or the Agreement to the contrary, no change submitted on an Election Form shall be accepted by the Employer if the change accelerates the time over which distributions shall be made to the Participant (except as
otherwise permitted by Code section 409A) and the Employer shall deny any change made to an election if the Employer determines that the change violates the requirement under Code section 409A that the first payment with respect to which such
election is made be deferred for a period of not less than five (5) years from the date such payment would otherwise have been made. 
  

 10 

 Notwithstanding the preceding, the Employer, in its discretion, may accelerate distributions under the
Plan to the extent permitted under Code section 409A (e.g., Q&A 15 of IRS Notice 2005-1). 
 6.4 DEATH OR DISABILITY BENEFITS. If
a Participant dies or becomes Disabled before incurring a Separation from Service and before the commencement of payments to the Participant under this Plan, the entire value of the Participant’s vested Account shall be paid ninety
(90) days following the Participant’s death or Disability, as applicable, in a lump sum, to the Participant or to the person or persons designated in accordance with Section 7.1. 
 Upon the death or Disability of a Participant after payments under this Plan have begun but before he or she has received all payments to which he or she
is entitled under the Plan, the remaining benefit payments shall be paid ninety (90) days following the Participant’s death or Disability, as applicable, in a lump sum, to the Participant or the person or persons designated in accordance
with Section 7.1. 
 ARTICLE 7 
 BENEFICIARIES; PARTICIPANT DATA 
 7.1 DESIGNATION OF BENEFICIARIES. Each Participant
from time to time may designate any person or persons (who may be named contingently or successively) to receive such benefits as may be payable under the Plan upon or after the Participant’s death, and such designation may be changed from time
to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the same Participant, shall be in a form prescribed by the Employer, and will be effective only when filed in writing with the Employer
during the Participant’s lifetime. 
 In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due
to a Beneficiary, there is no living Beneficiary validly named by the Participant, the Employer shall pay any such benefit payment to the Participant’s spouse, if then living, but otherwise to the Participant’s then living descendants, if
any, per stirpes, but, if none, to the Participant’s estate. In determining the existence or identity of anyone entitled to a benefit payment, the Employer may rely conclusively upon information supplied by the Participant’s personal
representative, executor or administrator. If a question arises as to the existence or identity of anyone entitled to receive a benefit payment as aforesaid, or if a dispute arises with respect to any such payment, then, notwithstanding the
foregoing, the Employer, in its sole discretion, may distribute or direct the Trustee (if any) to distribute such payment to the Participant’s estate without liability for any tax or other consequences which might flow therefrom, or may take
such other action as the Employer deems to be appropriate. 
 7.2 INFORMATION TO BE FURNISHED BY PARTICIPANTS AND BENEFICIARIES; INABILITY
TO LOCATE PARTICIPANTS OR BENEFICIARIES. Any communication, statement or notice addressed to a Participant or to a Beneficiary at his or her last post office address as shown on the Employer’s records shall be binding on the Participant or

  

 11 

 
Beneficiary for all purposes of the Plan. The Employer shall not be obliged to search for any Participant or Beneficiary beyond the sending of a registered
letter to such last known address. If the location of none of the foregoing persons can be determined, the Employer shall have the right to direct that the amount payable shall be deemed to be a forfeiture, except that the dollar amount of the
forfeiture, unadjusted for deemed gains or losses in the interim, shall be paid by the Employer if a claim for the benefit subsequently is made by the Participant or the Beneficiary to whom it was payable. If a benefit payable to an unlocated
Participant or Beneficiary is subject to escheat pursuant to applicable state law, the Employer shall not be liable to any person for any payment made in accordance with such law. 
 ARTICLE 8 
 ADMINISTRATION 
 8.1 ADMINISTRATIVE AUTHORITY. Except as otherwise specifically provided herein, the Employer shall be the Plan administrator (the “Plan
Administrator”) and shall have the sole responsibility for and the sole control of the operation and administration of the Plan, and shall have the power and authority to take all action and to make all decisions and interpretations which may
be necessary or appropriate in order to administer and operate the Plan, including, without limiting the generality of the foregoing, the power, duty and responsibility to: 
 (a) Resolve and determine all disputes or questions arising under the Plan, and to remedy any ambiguities, inconsistencies or omissions in
the Plan. 
 (b) Adopt such rules of procedure and regulations as in its opinion may be necessary for the proper and efficient
administration of the Plan and as are consistent with the Plan. 
 (c) Implement the Plan in accordance with its terms and the
rules and regulations adopted as above. 
 (d) Make determinations with respect to the eligibility of any Eligible Employee as
a Participant and make determinations concerning the crediting of Plan Accounts. 
 (e) Appoint any persons or firms, or
otherwise act to secure specialized advice or assistance, as it deems necessary or desirable in connection with the administration and operation of the Plan, and the Employer shall be entitled to rely conclusively upon, and shall be fully protected
in any action or omission taken by it in good faith reliance upon, the advice or opinion of such firms or persons. The Employer shall have the power and authority to delegate from time to time by written instrument all or any part of its duties,
powers or responsibilities under the Plan, both ministerial and discretionary, as it deems appropriate, to any person or committee, and in the same manner to revoke any such delegation of duties, powers or responsibilities. Any action of such person
or committee in the exercise of such delegated duties, powers or responsibilities shall have the same force and effect for all purposes under this Plan as if such action had been taken by the Employer. Further, the Employer may authorize one or more
persons to execute any certificate or document on behalf of the Employer, in which event any person notified by the Employer of such authorization shall be entitled to accept and conclusively rely upon any such certificate or document executed by
such person as representing action by the Employer until such notified person shall have been notified of the revocation of such authority. 
  

 12 

 8.2 LITIGATION. Except as may be otherwise required by law, in any action or judicial proceeding
affecting the Plan, no Participant or Beneficiary shall be entitled to any notice or service of process, and any final judgment entered in such action shall be binding on all persons interested in, or claiming under, the Plan. 
 8.3 CLAIMS PROCEDURE. This Section 8.3 is based on final regulations issued by the Department of Labor and published in the Federal Register
on November 21, 2000 and codified at section 2560.503-1 of the Department of Labor Regulations. If any provision of this Section 8.3 conflicts with the requirements of those regulations, the requirements of those regulations will prevail.

 (a) Initial Claim. A Participant or Beneficiary who believes he or she is entitled to any Benefit (a
“Claimant”) under this Plan may file a claim with the Plan Administrator. The Plan Administrator will review the claim itself or appoint another individual or entity to review the claim. 
 (i) Benefit Claims that do not Require a Determination of Disability. If the claim is for a benefit other than a disability
benefit, the Claimant will be notified within ninety (90) days after the claim is filed whether the claim is allowed or denied, unless the Claimant receives written notice from the Plan Administrator or appointee of the Plan Administrator
before the end of the ninety (90) day period stating that special circumstances require an extension of the time for decision, such extension not to extend beyond the day which is one hundred eighty (180) days after the day the claim is
filed. 
 (ii) Disability Benefit Claims. In the case of a benefits claim that requires a determination by the Plan
Administrator of a Participant’s disability status, the Plan Administrator will notify the Claimant of the Plan’s adverse benefit determination within a reasonable period of time, but not later than forty-five (45) days after receipt
of the claim. If, due to matters beyond the control of the Plan, the Plan Administrator needs additional time to process a claim, the Claimant will be notified, within forty-five (45) days after the Plan Administrator receives the claim, of
those circumstances and of when the Plan Administrator expects to make its decision but not beyond seventy-five (75) days. If, prior to the end of the extension period, due to matters beyond the control of the Plan, a decision cannot be
rendered within that extension period, the period for making the determination may be extended for up to one hundred five (105) days, provided that the Plan Administrator notifies the Claimant of the circumstances requiring the extension and
the date as of which the Plan expects to render a decision. The extension notice will specifically explain the standards on which entitlement to a disability benefit is based, the unresolved issues that prevent a decision on the claim and the
additional information needed from the Claimant to resolve those issues, and the Claimant will be afforded at least forty-five (45) days within which to provide the specified information. 
 (iii) Manner and Content of Denial of Initial Claims. If the Plan Administrator denies a claim, it must provide to the Claimant, in
writing or by electronic communication: 
 (A) The specific reasons for the denial; 
  

 13 

 (B) A reference to the Plan provision or insurance contract provision upon which the
denial is based; 
 (C) A description of any additional information or material that the Claimant must provide in order to
perfect the claim; 
 (D) An explanation of why such additional material or information is necessary; 
 (E) Notice that the Claimant has a right to request a review of the claim denial and information on the steps to be taken if the Claimant
wishes to request a review of the claim denial; and 
 (F) A statement of the participant’s right to bring a civil
action under ERISA section 502(a) following a denial on review of the initial denial. 
 In addition, in the case of a denial of disability
benefits on the basis of the Plan Administrator’s independent determination of the Participant’s disability status, the Plan Administrator will provide a copy of any rule, guideline, protocol, or other similar criterion relied upon in
making the adverse determination (or a statement that the same will be provided upon request by the Claimant and without charge). 
 (b) Review Procedures. 
 (i) Benefit Claims that do not Require a Determination of Disability. Except
for claims requiring an independent determination of a Participant’s disability status, a request for review of a denied claim must be made in writing to the Plan Administrator within sixty (60) days after receiving notice of denial. The
decision upon review will be made within sixty (60) days after the Plan Administrator’s receipt of a request for review, unless special circumstances require an extension of time for processing, in which case a decision will be rendered
not later than one hundred twenty (120) days after receipt of a request for review. A notice of such an extension must be provided to the Claimant within the initial sixty (60) day period and must explain the special circumstances and
provide an expected date of decision. 
 The reviewer will afford the Claimant an opportunity to review and receive, without charge, all
relevant documents, information and records and to submit issues and comments in writing to the Plan Administrator. The reviewer will take into account all comments, documents, records and other information submitted by the Claimant relating to the
claim regardless of whether the information was submitted or considered in the initial benefit determination. 
 (ii)
Disability Benefit Claims. In addition to having the right to review documents and submit comments as described in (i) above, a Claimant whose claim for disability benefits requires an independent determination by the Plan Administrator
of the Participant’s disability status has at least one hundred eighty (180) days following receipt of a notification of an adverse benefit determination within which to request a review of the initial determination. In such cases, the
review will meet the following requirements: 
 (A) The Plan will provide a review that does not afford deference to the
initial adverse benefit determination and that is conducted by an appropriate named fiduciary of the Plan who did not make the initial determination that is the subject of the appeal, nor is a subordinate of the individual who made the
determination. 
  

 14 

 (B) The appropriate named fiduciary of the Plan will consult with a health care
professional who has appropriate training and experience in the field of medicine involved in the medical judgment before making a decision on review of any adverse initial determination based in whole or in part on a medical judgment. The
professional engaged for purposes of a consultation in the preceding sentence will not be an individual who was consulted in connection with the initial determination that is the subject of the appeal or the subordinate of any such individual.

 (C) The Plan will identify to the Claimant the medical or vocational experts whose advice was obtained on behalf of the
Plan in connection with the review, without regard to whether the advice was relied upon in making the benefit review determination. 
 (D) The decision on review will be made within forty-five (45) days after the Plan Administrator’s receipt of a request for review, unless special circumstances require an extension of time for processing,
in which case a decision will be rendered not later than ninety (90) days after receipt of a request for review. A notice of such an extension must be provided to the Claimant within the initial forty-five (45) day period and must explain
the special circumstances and provide an expected date of decision. 
 (iii) Manner and Content of Notice of Decision on
Review. Upon completion of its review of an adverse initial claim determination, the Plan Administrator will give the Claimant, in writing or by electronic notification, a notice containing: 
 (A) its decision; 
 (B) the specific reasons for the decision; 
 (C) the relevant Plan provisions or insurance contract provisions on
which its decision is based; 
 (D) a statement that the Claimant is entitled to receive, upon request and without charge,
reasonable access to, and copies of, all documents, records and other information in the Plan’s files which is relevant to the Claimant’s claim for benefits; 
 (E) a statement describing the Claimant’s right to bring an action for judicial review under ERISA section 502(a); and 

(F) if an internal rule, guideline, protocol or other similar criterion was relied upon in making the adverse determination on review,
a statement that a copy of the rule, guideline, protocol or other similar criterion will be provided without charge to the Claimant upon request.  
  

 15 

 (c) Calculation of Time Periods. For purposes of the time periods specified in
this Section, the period of time during which a benefit determination is required to be made begins at the time a claim is filed in accordance with the Plan procedures without regard to whether all the information necessary to make a decision
accompanies the claim. If a period of time is extended due to a Claimant’s failure to submit all information necessary, the period for making the determination shall be tolled from the date the notification is sent to the Claimant until the
date the Claimant responds. 
 (d) Failure of Plan to Follow Procedures. If the Plan fails to follow the claims
procedures required by this Section 8.3, a Claimant shall be deemed to have exhausted the administrative remedies available under the Plan and shall be entitled to pursue any available remedy under ERISA section 502(a) on the basis that the
Plan has failed to provide a reasonable claims procedure that would yield a decision on the merits of the claim. 
 (e)
Failure of Claimant to Follow Procedures. A Claimant’s compliance with the foregoing provisions of this Section 8.3 is a mandatory prerequisite to the Claimant’s right to commence any legal action with respect to any claim for
benefits under the Plan. 
  

 16 

 ARTICLE 9 
 AMENDMENT 
 9.1 RIGHT TO AMEND. Subject to Code section 409A, the Employer, by action
of its Board, shall have the right to amend the Plan, at any time and with respect to any provisions hereof, and all parties hereto or claiming any interest under this Plan shall be bound by such amendment; provided, however, that no such amendment
shall deprive a Participant or a Beneficiary of a benefit amount accrued prior to the date of the amendment. 
 9.2 AMENDMENTS TO ENSURE
PROPER CHARACTERIZATION OF PLAN. Notwithstanding the provisions of Section 9.1, the Plan may be amended by the Employer at any time, retroactively if required, in the opinion of the Employer, in order to ensure that the Plan is
characterized as “top-hat” plan as described under ERISA sections 201(2), 301(a)(3), and 401(a)(1), to ensure that the Trust that may be established is characterized as a grantor trust as described in Code sections 671 through 679, to
conform the Plan to the provisions of Code section 409A and to conform the Plan and Trust (if any) to the provisions and requirements of any applicable law (including ERISA and the Code). No such amendment shall be considered prejudicial to any
interest of a Participant or a Beneficiary in the Plan. 
 ARTICLE 10 
 TERMINATION 
 10.1 EMPLOYER’S RIGHT TO TERMINATE OR SUSPEND
PLAN. The Employer reserves the right to terminate the Plan and/or obligations to make further credits to Plan Accounts, by action of the Board. The Employer also reserves the right to suspend the operation of the Plan for a fixed or
indeterminate period of time, by action of the Board. 
 10.2 AUTOMATIC TERMINATION OF PLAN. The Plan automatically shall terminate
upon the dissolution of the Employer, or upon its merger into or consolidation with any other corporation or business organization if there is a failure by the surviving corporation or business organization to adopt specifically and agree to
continue the Plan. 
 10.3 SUSPENSION OF DEFERRALS. In the event of a suspension of the Plan, the Employer shall continue all aspects
of the Plan, other than contributions to the Plan, during the period of the suspension, in which event payments will continue to be made during the period of the suspension in accordance with Articles 5 and 6. 
 10.4 ALLOCATION AND DISTRIBUTION. This Section shall become operative on a complete termination of the Plan. The provisions of this Section also
shall become operative in the event of a partial termination of the Plan, as determined by the Employer, but only with respect to that portion of the Plan attributable to the Participants to whom the partial termination is applicable. Upon the
effective date of any such event, notwithstanding any other provisions of the Plan, no persons who were not already Participants shall be eligible to become Participants, the value of the vested Accounts of all Participants and Beneficiaries shall
be determined and, after deduction of estimated expenses in liquidating, paid to Participants and Beneficiaries when Plan benefits otherwise become due in accordance with Articles 5 and 6. 
  

 17 

 Notwithstanding anything in the Plan to the contrary, the Employer, in its discretion, reserves the
right, by action of the Board, to terminate the Plan and distribute to Participants their vested Account balances but only as permitted in accordance with the Code (e.g., Prop. Reg. 1.409A 3(h)(2)(viii)). 
 10.5 SUCCESSOR TO EMPLOYER. Any corporation or other business organization which is a successor to the Employer by reason of a consolidation,
merger or purchase of substantially all of the assets of the Employer shall have the right to become a party to the Plan by adopting the same by resolution of the entity’s board of directors or other appropriate governing body. If, within
ninety (90) days from the effective date of such consolidation, merger or sale of assets, such new entity does not become a party hereto, as above provided, the Plan automatically shall be terminated, and the provisions of Section 10.4
shall become operative. 
 ARTICLE 11 
 THE TRUST 
 11.1 ESTABLISHMENT OF TRUST. If elected in the Agreement, the Employer
shall establish the Trust with the Trustee pursuant to such terms and conditions as are set forth in the Trust agreement to be entered into between the Employer and the Trustee or the Employer shall cause to be maintained one or more separate
subaccounts in an existing Trust maintained with the Trustee with respect to one or more other plans of the Employer, which subaccount or subaccounts represent Participants’ interests in the Plan. Any such Trust shall be intended to be treated
as a “grantor trust” under the Code and the establishment of the Trust or the utilization of any existing Trust for Plan benefits, as applicable, shall not be intended to cause any Participant to realize current income on amounts
contributed thereto, and the Trust shall be so interpreted. 
 ARTICLE 12 
 MISCELLANEOUS 
 12.1
LIABILITY OF EMPLOYER; LIMITATIONS ON LIABILITY OF EMPLOYER. Notwithstanding anything herein that may suggest otherwise, the Employer shall be solely liable for the payment of any benefits due under this Plan. However, neither the
establishment of the Plan nor any modification thereof, nor the creation of any Account under the Plan, nor the payment of any benefits under the Plan shall be construed as giving to any Participant or other person any legal or equitable right
against the Employer or any officer or employer thereof except as provided by law or by any Plan provision. The Employer shall not in any way guarantee any Participant’s Account from loss or depreciation, whether caused by poor investment
performance of a deemed investment or the inability to realize upon an investment due to an insolvency affecting an investment vehicle or any other reason. In no event shall the Employer or any successor, employee, officer, director or stockholder
of the Employer, be liable to any person on account of any claim arising by reason of the provisions of the Plan or of any instrument or instruments implementing its provisions, or for the failure of any Participant, Beneficiary or other person to
be entitled to any particular tax consequences with respect to the Plan, or any credit or distribution under the Plan. 
 12.2
CONSTRUCTION. If any provision of the Plan is held to be illegal or void, such illegality or invalidity shall not affect the remaining provisions of the Plan, but shall be fully severable, and the Plan shall be construed and enforced as if
said illegal or invalid provision had 

  

 18 

 
never been inserted herein. For all purposes of the Plan, where the context admits, the singular shall include the plural, and the plural shall include the
singular. Headings of Articles and Sections herein are inserted only for convenience of reference and are not to be considered in the construction of the Plan. The laws of the state of the Employer’s principal place of business shall govern,
control and determine all questions of law arising with respect to the Plan and the interpretation and validity of its respective provisions, except where those laws are preempted by the laws of the United States. Participation under the Plan will
not give any Participant the right to be retained in the service of the Employer, or any right or claim to any benefit under the Plan unless such right or claim has specifically accrued under the Plan. 
 The Plan is intended to be and at all times shall be interpreted and administered so as to qualify as an unfunded deferred compensation plan, and no
provision of the Plan shall be interpreted so as to give any individual any right in any assets of the Employer which is greater than the rights of a general unsecured creditor of the Employer. 
 12.3 SPENDTHRIFT PROVISION. No amount payable to a Participant or a Beneficiary under the Plan will, except as otherwise specifically provided by
law, be subject in any manner to anticipation, alienation, attachment, garnishment, sale, transfer, assignment (either at law or in equity), levy, execution, pledge, encumbrance, charge or any other legal or equitable process, and any attempt to do
so will be void; nor will any benefit be in any manner liable for or subject to the debts, contracts, liabilities, engagements or torts of the person entitled thereto. Further, subject to Code section 409A, (i) the withholding of taxes from
Plan benefit payments, (ii) the recovery under the Plan of overpayments of benefits previously made to a Participant or Beneficiary, (iii) if applicable, the transfer of benefit rights from the Plan to another plan, or (iv) the direct
deposit of benefit payments to an account in a banking institution (if not actually part of an arrangement constituting an assignment or alienation) shall not be construed as an assignment or alienation. 
 In the event that any Participant’s or Beneficiary’s benefits under this Plan are garnished or attached by order of any court, the Employer or
the Trustee (if any) may bring an action or a declaratory judgment in a court of competent jurisdiction to determine the proper recipient of the benefits to be paid under the Plan. During the pendency of said action, subject to Code section 409A,
any benefits that become payable shall be held as credits to the Participant’s or Beneficiary’s Account or, if the Employer or the Trustee (if any) prefers, paid into the court as they become payable, to be distributed by the court to the
recipient as the court deems proper at the close of said action. 
 12.4 AGGREGATION OF EMPLOYERS. To the extent required under Code
section 409A, if the Employer is a member of a controlled group of corporations or a group of trades or businesses under common control (as described in Code sections 414(b) or (c)), all members of the group shall be treated as single Employer under
the Plan. 
 12.5 TAX WITHHOLDING. All distributions under the Plan are subject to any applicable tax withholding, as determined by
the Employer in its discretion. The Employer shall have the right to deduct from a Participant’s Compensation that is not being deferred under this Plan any federal, state, local or employment taxes which it deems are required by law to be
withheld with respect to any Compensation Deferrals, vested Employer Contribution Credits or Plan distributions. Subject to Code section 409A, if necessary, the Employer may reduce the Participant’s Compensation Deferrals in order to comply
with this Section. 
  

 19 

 ADOPTION AGREEMENT 
 FOR 
 SPECIMEN SECTION 451 
 DEFERRED COMPENSATION PLAN 
 By executing this Adoption Agreement, the Employer
named below establishes the SPECIMEN SECTION 451 DEFERRED COMPENSATION PLAN, as set forth in this Adoption Agreement and in the Specimen Section 451 Deferred Compensation Plan document (the “Plan Document”), which is
incorporated by reference into this Adoption Agreement. 
 THE FAILURE PROPERLY TO FILL OUT THIS ADOPTION AGREEMENT MAY RESULT IN ADVERSE
TAX CONSEQUENCES TO PLAN PARTICIPANTS AND SIGNIFICANT LIABILITY TO THE EMPLOYER. 
 THIS PLAN IS TO BE USED ONLY BY FOR-PROFIT
EMPLOYERS. 
 IF YOU HAVE ANY QUESTIONS CONCERNING THE ADOPTION AGREEMENT OR THE PLAN, CONTACT CPI QUALIFIED PLAN CONSULTANTS. 

 ALL CAPITALIZED TERMS USED BUT NOT OTHERWISE DEFINED IN THIS ADOPTION AGREEMENT SHALL HAVE THE MEANINGS ASSIGNED TO SUCH TERMS IN THE
PLAN DOCUMENT. 
  

	A1.	Name of Plan 

 Fuel Systems Solutions, Inc.
Deferred Compensation Plan 
 ____________________________________________________________________________________________________ 
 EMPLOYER INFORMATION 
  

	B1.	Name of Employer (Sponsor of the Plan) 

 Fuel Systems Solutions, Inc. 
 ____________________________________________________________________________________________________ 
  

	B2.	Address 

 3030 South Susan Street

 ____________________________________________________________________________________________________ 
 Street Address (Not a P.O. Box) 
  
 Santa Ana, CA 92704 
 ____________________________________________________________________________________________________ 
 City, State
and Zip Code 
  
 (714) 656-1200 
 ____________________________________________________________________________________________________ 
 Telephone Number 
  

	B3.	Employer’s Federal Tax Identification Number: 

 91-1039211 
 ____________________________________________________________________________________________________ 
  

	B4.	Affiliated Employers 

 The following
affiliated employers will participate in the Plan: 
 _______________________________________________________________________________________________________ 
 _______________________________________________________________________________________________________ 
  

 1 

 ________________________________________________________________________________

 ________________________________________________________________________________ 
 ________________________________________________________________________________ 
 ________________________________________________________________________________ 
 Each affiliated employer that adopts the Plan must execute this Adoption Agreement. 
 PLAN INFORMATION 
  

	C1.	Effective Date 

 (Select One) 

This Adoption Agreement shall: 
  

	 	(    )	establish a new Plan effective as of ______________________ , the “Effective Date”. 

  

	 	(X)	constitute an amendment and restatement in its entirety of a previously established Code section 451 Plan of the Employer which initially was effective as of July 1, 1996. This
amendment and restatement is adopted as of January 1, 2008, the “Effective Date”. 

 YOU SHOULD CONSULT WITH
COMPETENT ERISA COUNSEL BEFORE AMENDING AND RESTATING A PRE-JANUARY 1, 2005 PLAN AS DOING SO MAY RESULT IN CERTAIN ADVERSE TAX CONSEQUENCES. 
  

	C2.	Name of Plan Administrator 

 (Select One)

  

	 	(X)	The Employer, using the Employer’s address. 

  

	 	(    )	Other ____________________ . If other is selected, complete the following: 

                             (Name) 
  

	 	(    )	Use Employer’s Address 

  

	 	(    )	Use the following address, telephone number and Federal Taxpayer Identification Number: 

 _______________________________________________________________________ 
 Street Address (Not a P.O. Box) 
 ________________________________________________________________________ 
 City, State and
Zip Code 
 ________________________________________________________________________ 
 Telephone Number 
 ________________________________________________________________________ 
 Federal Tax Identification Number

  

 2 

	C3.	Trust 

 (Select One) 
  

	 	(    )	The Employer will not enter into a “rabbi trust” to establish a source from which to pay benefits under the Plan. Rather, Plan benefits will be paid from the
Employer’s general assets. 

  

	 	(X)	The Employer (and any adopting Affiliated Employers) will enter into a “rabbi trust” to establish a source from which to pay benefits under the Plan. The Trustee(s) shall
be: 

 Central Bank & Trust Co. 
 __________________________________________________________________________________________________ 
 Name of Licensed Trust Company or Individuals Who Will Serve as Trustee(s) 
 700 E. 30th Ave. 
 __________________________________________________________________________________________________ 
 Street Address

 Hutchinson, KS 67501 
 __________________________________________________________________________________________________ 
 City, State and Zip Code 
 ____________________________________________________________________________ 

Telephone Number 
 UNDER
THE PENSION PROTECTION ACT OF 2006, AN EMPLOYER THAT ALSO SPONSORS AN UNDERFUNDED DEFINED BENEFIT PLAN, MAY HAVE TO CEASE SETTING ASIDE ANY ASSETS IN A “RABBI TRUST” IN CERTAIN CIRCUMSTANCES. PLEASE CONSULT WITH COMPETENT ERISA COUNSEL
BEFORE SETTING ASIDE ANY AMOUNTS IN A “RABBI TRUST” IN SUCH A SITUATION. 
 ELIGIBILITY 
 ONLY INDIVIDUALS WHO ARE MEMBERS OF A SELECT GROUP OF THE EMPLOYER’S MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES ARE PERMITTED BY LAW TO PARTICIPATE
IN THE PLAN. 
 (Complete all that apply) 
  

	D1.	As of the Effective Date, eligibility will be limited to: 

  

	 	(X)	The following named individuals, each of whom is classified as a member of a select group of the Employer’s management or highly compensated employees:

 Members of the Board of Directors of the Employer and those select key employees of the Employer who are designated by
management, from time to time, and approved by a
committee.                                      
              
 __________________________________________________________________________________________ 
 __________________________________________________________________________________________ 
 __________________________________________________________________________________________ 
 __________________________________________________________________________________________ 
 IN THE FUTURE, THE EMPLOYER MAY CHANGE THE INDIVIDUALS
WHO ARE ELIGIBLE FOR PLAN PARTICIPATION BY RESOLUTION OF THE EMPLOYER’S GOVERNING BODY. 
  

	 	(    )	Individuals holding the following policy-making positions within the Employer: 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

 3 

 IN THE FUTURE, THE EMPLOYER MAY CHANGE THE POSITIONS THAT ARE ELIGIBLE FOR PLAN PARTICIPATION BY RESOLUTION OF THE
EMPLOYER’S GOVERNING BODY. 
  

	 	(    )	Other: [Please Describe] 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	 	 	____________________________________________________________________ 

  

	D2.	The Entry Date for individuals determined to be eligible to participate in the Plan is 

  

	 	(Select One) 

  

	 	(    )	The first day of the payroll period occurring on or after the date on which he or she is eligible to participate. 

  

	 	(    )	The (e.g., January 1) occurring on or after the date on which he or she is eligible to participate. 

  

	 	(X)	The beginning of each Plan Year or within the first 30 days after the date on which he or she is eligible to participate. 

 CONTRIBUTIONS 
  

	E1.	Participant Compensation Deferrals (Section 3.1 of the Plan Document) 

  

	 	(Select One) 

  

	 	(X)	will 

  

	 	(    )	will not 

  

	 	be permitted. 

  

 4 

	E2.	The Employer (Section 3.1 of the Plan Document) 

  

	 	(Select One) 

  

	 	(X)	will 

  

	 	(    )	will not 

  

	 	permit Participants to defer Performance-Based Compensation. 

  

	E3.	The Employer (Section 3.1 and Section 3.3 of the Plan Document) 

  

	 	(Select One) 

  

	 	(    )	will 

  

	 	(X)	will not 

 link this Plan to the Employer’s Qualified
Plan. The Compensation Deferrals that a Participant may make shall be limited as provided under the Plan. A Participant who makes a Compensation Deferral election with respect to this Plan that is linked to the Employer’s Qualified Plan will
not be permitted to make a separate salary deferral election with respect to the Employer’s Qualified Plan for the Plan Year for which the Compensation Deferral election is made. Amounts deferred under this Plan (up to the maximum amount of
pre-tax deferrals that could have been made to the Employer’s Qualified Plan as required by law and the terms of the Qualified Plan for the Plan Year in question) will be transferred to the trust established for the Employer’s Qualified
Plan as soon as administratively feasible following the end of the Plan Year for which the Compensation Deferral election is made. Any amounts deferred under the Plan that cannot be transferred into the Employer’s Qualified Plan shall be held
under this Plan. 
  

	E4.	Employer Contributions (Section 3.2 of the Plan Document) 

  

	 	(Select One) 

  

	 	(X)	might 

  

	 	(    )	will not 

  

	 	be made. 

  

	E5.	Employer Contributions will be: 

  

	 	(Select One) 

  

	 	(    )	N/A 

  

	 	(    )	Made on a participant-by-participant basis at the discretion of the Employer 

  

	 	(X)	Based on a participant’s “compensation” for the Plan year, in the following manner: 

  

	 	 	50% up to $12,500. Contributions may be made in cash or company stock at the discretion of the Company. 

  

	 	 	__________________________________________________________________________________________ 

  

	 	 	__________________________________________________________________________________________ 

  

 5 

	 	A participant’s “compensation”, for purposes of determining the amount of the Employer’s contribution on behalf of a participant, shall consist of the following
(Select one and complete if necessary): 

  

	 	(    )	N/A 

  

	 	(X)	W-2 earnings 

  

	 	(    )	W-2 earnings plus ________________________________________________ 

  

	 	(    )	W-2 earnings minus _______________________________________________ 

  

	 	(    )	W-2 earnings plus ____________________________________________________, and minus 

  

	 	 	___________________________________________________________________ 

 INVESTMENT OF ACCOUNTS (Section 4.1 of the Plan Document) 
  

	F1.	The deemed investment of participant contributions (and earnings thereon) shall be directed by: 

  

	 	(    )	N/A 

  

	 	(X)	The participant 

  

	 	(    )	The employer 

  

	F2.	The deemed investment of employer contributions (and earnings thereon) shall be directed by: 

  

	 	(    )	N/A 

  

	 	(X)	The participant 

  

	 	(    )	The employer 

 VESTING 
 IT IS THE EMPLOYER’S RESPONSIBILITY TO INFORM THE PLAN ADMINISTRATOR OF A PARTICIPANT’S VESTING DATE. 
  

	G1.	A Participant shall become vested in his or her Employer Contribution Credit Account under the Plan in accordance with the following schedule: 

  

	 	(Select One) 

  

										
	(    )	 	N/A. A Participant shall be fully vested in his or her Employer Contribution Credit Account at all times.
					
	(    )	 	 	 	 Years of Service
	  	Vested Percentage	 	 	 
		 		 	 Under 3 Years
	  	0	%	 	
		 		 	 3 Years of More
	  	100	%	 	

  

										
	(    )	 	 	 	 Years of Service
	  	Vested Percentage	 	 	 
		 		 	Under 5 Years	  	0	%	 	
		 		 	5 Years of More	  	100	%	 	

  

 6 

						
	(X)	 	 Years of Service
	  	Vested Percentage	 
		 	1 Year	  	0	%
		 	 2 Years but not 3 Years
	  	25	%
		 	 3 Years but not 4 Years
	  	50	%
		 	 4 Years but not 5 Years
	  	75	%
		 	 5 Years or More
	  	100	%

  

						
	(    )	 	 Years of Service
	  	Vested Percentage	 
		 	 Under 1 Year
	  	0	%
		 	 1 Year but not 2 Years
	  	10	%
		 	 2 Years but not 3 Years
	  	20	%
		 	 3 Years but not 4 Years
	  	30	%
		 	 4 Years but not 5 Years
	  	40	%
		 	 5 Years but not 6 Years
	  	50	%
		 	 6 Years but not 7 Years
	  	60	%
		 	 7 Years but not 8 Years
	  	70	%
		 	 8 Years but not 9 Years
	  	80	%
		 	 9 Years but not 10 Years
	  	90	%
		 	 10 Years or More
	  	100	%

 PARTICIPANTS ARE FULLY VESTED AT ALL TIMES IN THEIR COMPENSATION DEFERRAL ACCOUNTS. YEARS OF SERVICE SHALL BE
AS DETERMINED BY THE EMPLOYER IN ITS DISCRETION. 
  

			
	NOTE:	  	Matching Contributions made prior to January 1, 2001 shall be no less vested than such Matching Contributions were as of December 31, 2000 under the schedule then in-force.
Notwithstanding the foregoing, the Participant shall be one hundred percent (100%) vested upon a Change of Control of the Company or upon the death of the Participant prior to commencement of payments under this Plan.

 DISTRIBUTIONS 
 A PARTICIPANT’S ACCOUNT, TO THE EXTENT VESTED, WILL BECOME DISTRIBUTABLE TO THE PARTICIPANT UPON THE DISTRIBUTION DATE THAT THE PARTICIPANT ELECTS ON THE APPROPRIATE ELECTION FORM. IT IS THE EMPLOYER’S RESPONSIBILITY TO NOTIFY THE
PLAN ADMINISTRATOR OF DISTRIBUTION DATE(S). 
  

	H1.	Distribution Timing under the Plan (Section 5.1 of the Plan Document) 

 As
elected by the Participant in accordance with the terms of the Plan, a Participant will receive a distribution (or commencement of distributions) of his or her vested Account upon: 
 (Select all that the Employer chooses to permit — the Employer must select at least one of the following) 
  

	 	(    )	the fixed payment date elected by the Participant on the appropriate Election Form 

  

	 	(X)	ninety (90) days following the Participant’s Separation from Service with the Employer for any reason (including death or Disability) 

  

	 	(    )	at the earlier of the fixed payment date elected by the Participant or ninety (90) days following the Participant’s Separation from Service with the Employer for any
reason (including death or Disability) 

  

	 	(    )	at the earlier of (i) the fixed payment date elected by the Participant, (ii) ninety (90) days following the Participant’s Separation from Service with the
Employer for any reason (including death or Disability), or (iii) ninety (90) days after a Change in Control of the Employer 

  

 7 

 IF A PARTICIPANT FAILS TO DESIGNATE PROPERLY THE TIMING OF DISTRIBUTION OF THE PARTICIPANT’S BENEFIT UNDER THE PLAN,
THE PARTICIPANT WILL BE DEEMED TO HAVE ELECTED DISTRIBUTION (OR COMMENCEMENT OF DISTRIBUTION) OF HIS OR HER VESTED ACCOUNT NINETY DAYS FOLLOWING SEPARATION FROM SERVICE (SUBJECT TO THE SIX MONTH DELAY RULE FOR SPECIFIED EMPLOYEES). 
 Unforeseeable Emergency distributions. 
  

	 	A Participant 

  

	 	(X)	may 

  

	 	(    )	may not 

  

	 	Receive a distribution if the Participant incurs an Unforeseeable Emergency (in accordance with the rules established by the Plan. 

  

	H2.	If a fixed payment date is elected in Section H1 above, the participant 

  

	 	(Select One) 

  

	 	(X)	may 

  

	 	(    )	may not 

  

	 	elect to delay the fixed payment date on a continual basis in accordance with the rules established in the Plan. (Sections 5.1 and 6.2 of the Plan Document)

  

	H3.	Form of Distribution. (Section 6.2 of the Plan Document) 

  

	 	Distributions under the Plan may be made (Select one or both): 

  

	 	(X)	In lump sum form. 

  

	 	(X)	In annual installments over a period up to 10 years, as selected by the Participant in accordance with the rules established by the Plan. 

 IF A PARTICIPANT FAILS TO DESIGNATE PROPERLY THE FORM OF DISTRIBUTION OF THE PARTICIPANT’S BENEFIT UNDER THE PLAN, THE PARTICIPANT WILL BE DEEMED TO
HAVE ELECTED DISTRIBUTION (OR COMMENCEMENT OF DISTRIBUTIONS) OF HIS OR HER VESTED ACCOUNT IN A LUMP SUM. 
 MISCELLANEOUS 
  

	I1.	Expenses incurred in connection with the Plan 

  

	 	(Select One) 

  

	 	(    )	shall be charged against the balance in each individual’s Plan Account and paid out of the amounts held in the Trust attributable to the individual’s Plan Account.

  

	 	(X)	shall be paid by the Employer from its general assets. 

  

 8 

 BY SIGNING THIS ADOPTION AGREEMENT, THE EMPLOYER (i) CERTIFIES THAT IT HAS CONSULTED WITH LEGAL
COUNSEL REGARDING THE EFFECTS OF THIS PLAN AND THE TRUST, AS APPLICABLE, ON ALL PARTIES, (ii) ACKNOWLEDGES RECEIPT OF THE CURRENT PROSPECTUS(ES) FOR THE FUNDS TO BE OFFERED UNDER THE PLAN (WHETHER THE INVESTMENTS ARE IN A TRUST OR HELD AS
GENERAL ASSETS OF THE EMPLOYER), IF APPLICABLE, AND (iii) REPRESENTS THAT EACH PARTICIPANT WITH THE RIGHT TO DIRECT PLAN INVESTMENTS WILL RECEIVE A PROSPECTUS FOR EACH FUND IN WHICH CONTRIBUTIONS ATTRIBUTABLE TO HIS OR HER PLAN ACCOUNT MAY BE
INVESTED. 
  

 9 

 PLAN ADOPTION: 
 IN WITNESS
WHEREOF, the Employer (and adopting Affiliated Employer, if any) hereby cause this Plan to be executed on this 31st day of December, 2008. 
  

									
		 		 	
					
		 	Fuel Systems Solutions, Inc.	 		 	By:	 	/s/ Bill E. Larkin
		 	Type or Print Employer’s Name	 		 		 	
		 		 		 		 	Type or Print Name and Title of Signing Officer:
					
		 		 		 		 	Bill Larkin, Chief Financial Officer
		 		 	
					
		 	 	 		 	By:	 	 
		 	Type or Print Affiliated	 		 		 	
		 	Employer’s Name	 		 		 	Type or Print Name and Title of Signing Officer:
					
		 		 		 		 	 
					
		 		 		 		 	 
		 		 	
					
		 	 	 		 	By:	 	 
		 	Type or Print Affiliated	 		 		 	
		 	Employer’s Name	 		 		 	Type or Print Name and Title of Signing Officer:

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