Document:

EX-10.2

 Exhibit 10.2 
 EXECUTION VERSION 
  

			
	 Apax VIII-A L.P.
 Third
Floor, Royal Bank Place
 1 Glategny Esplanade
 St Peter Port
 Guernsey GY1 2HJ

 
 Apax VIII-B L.P.
 Third Floor, Royal Bank Place
 1 Glategny Esplanade

St Peter Port
 Guernsey GY1 2HJ
	  	 Apax VIII-1 L.P.
 Third Floor, Royal Bank Place
 1 Glategny Esplanade

St Peter Port

Guernsey GY1 2HJ
  

Apax VIII-2 L.P.
 Third Floor, Royal Bank Place
 1 Glategny Esplanade

St Peter Port

Guernsey GY1 2HJ

 EQUITY COMMITMENT LETTER 
 May 23, 2013 
 Rhodes Holdco, Inc. 
 c/o Apax Partners, L.P. 
 601 Lexington Avenue, 53rd Floor 

New York, New York 10022 
 Attn: Alex Pellegrini

  

	 	Re:	Equity Financing Commitment 

 Ladies and
Gentlemen: 
 This letter agreement sets forth the commitment of Apax VIII-A L.P., Apax VIII-B L.P., Apax VIII-1 L.P. and Apax
VIII-2 L.P. (collectively, the “Investors”) with the undersigned parties hereto, subject to the terms and conditions hereof, to purchase, or cause an assignee permitted by Section 9 of this letter agreement to purchase,
directly or indirectly, equity securities of Rhodes Holdco, Inc., a Delaware corporation (“Parent”). It is contemplated that pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of the
date hereof, among Parent, rue21, inc., a Delaware corporation (the “Company”) and Rhodes Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent (“Merger Sub”), Parent shall acquire the
Company through the merger of Merger Sub with and into the Company, with the Company as the surviving corporation (the “Merger”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in
the Merger Agreement. 
  

	1.	Termination Obligations. 

(a) Upon the terms and subject to the conditions set forth herein, the Investors hereby collectively commit to purchase for cash, or cause
an assignee permitted by Section 9 of this letter agreement to purchase for cash, directly or indirectly, an aggregate of $62,718,000 of 

 
equity securities of Parent solely for the purposes of allowing Parent to pay (A) the Parent Termination Fee in accordance with the Merger Agreement and subject to the limitations set forth
in the Merger Agreement (the “Termination Commitment”), (B) any amounts payable by Parent pursuant to Section 6.14(b) or the first sentence of Section 8.5(c) or Section 8.5(d) of the Merger Agreement and
(C) all other monetary liabilities of Parent or Merger Sub arising out of or related to the Merger Agreement (clauses (B) and (C) collectively, the “Other Termination Amounts” and together with the Termination
Commitment, the “Termination Obligations”); provided, that (i) the Investors shall not collectively be required to purchase, directly or indirectly, more than $62,718,000 together with any amounts payable by Parent
pursuant to Section 6.14(b) or Section 8.5(d) (the “Cap”) of equity securities of Parent (or, in the case of each Investor, subject to the second sentence of Section 4, hereof, its Pro Rata Percentage of such amount)
pursuant to this Section 1 and (ii) this letter agreement does not give any person any rights or remedies against any Investor or Investor Affiliate (as such term is defined below), other than as expressly set forth herein, and this
letter agreement shall not be enforced without giving effect to the Cap. The obligation of the Investors to purchase equity securities of Parent to fund, or cause the funding of, the Termination Commitment shall be subject to the Parent Termination
Fee becoming payable by termination of the Merger Agreement in the circumstances specified therein and in accordance with the terms thereof. The Investors shall be required to fulfill their commitment to purchase equity securities of Parent to fund,
or cause the funding of Parent’s payment of any Other Termination Amounts no later than the date that the related fees, expenses and other liabilities are payable to or in connection with the Merger Agreement. In lieu of purchasing equity
securities of Parent, an Investor may satisfy its Termination Obligations in whole or in part by the purchase, directly or indirectly, of debt securities. 
 (b) The obligation of the Investors to fund, or cause the funding of, the Termination Obligations shall automatically and immediately terminate upon the earliest to occur of (1) the consummation of
the Closing (but only if the Investors have funded the Closing Commitment in accordance with Section 1 of the Equity Financing Commitment Letter), (2) termination of the Merger Agreement in accordance with its terms (other than a
termination of the Merger Agreement (x) for which the Parent Termination Fee is, in accordance with Section 8.5 of the Merger Agreement, payable by Parent or (y) which does not discharge the amounts payable related to any Other
Termination Amounts (any such termination for which the Parent Termination Fee is so payable or that does not discharge the amounts payable related to any Other Termination Amounts, a “Qualifying Termination”)), and (3) the
150th day after a Qualifying Termination unless prior to the 150th day after such Qualifying Termination, (A) the Company shall have commenced a suit, action or other proceedings against Parent alleging the Parent Termination Fee is due and
owing or that Parent or Merger Sub is liable for any breaches or other payment or reimbursement obligations under or in connection with the Merger Agreement or (B) the Company shall have commenced a suit, action or other proceeding against one
or more Investors that amounts are due and owing from the Investors pursuant to Section 1 of this letter agreement (a “Qualifying Claim”); provided, that if a Qualifying Termination has occurred and a Qualifying Claim is filed
prior to such 150th day after a Qualifying Termination, no Investor shall have any further liability or obligation under this letter agreement for any Termination Obligations from and after the earliest of (i) the consummation of the Closing
(but only if the Investors have funded the Closing Commitment in accordance with Section 1 of the Equity Financing Commitment Letter), (ii) a final, non-appealable order of a court of competent

  
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jurisdiction resolving such Qualifying Claim by determining that Parent does not owe the Parent Termination Fee or any other amounts described herein as Other Termination Amounts to the Company,
as applicable, (iii) a written agreement among the Investors, the Company and Parent terminating the obligations and liabilities of the Investors for their Termination Obligations set forth in this letter agreement and (iv) payment of the
Parent Termination Fee, as applicable, and any Other Termination Amounts due to the Company, in each case unless any portion is legally compelled or becomes legally compelled by judicial order or otherwise to be returned by the Company to Parent,
Merger Sub, the Investors or their respective affiliates. In the event that the Company or any of its controlled Affiliates institutes any suit, action or other proceeding (A) asserting that any provisions of this Section 1 of this
letter agreement are illegal, invalid or unenforceable in whole or in part or that the Investors are liable in excess of or to a greater extent than the Cap, (B) arising under, or in connection with, this letter agreement, the Merger Agreement,
the Debt Financing Commitment or the transactions contemplated hereby or thereby, other than a Retained Claim (as defined below) or (C) in respect of a Retained Claim in any court or other tribunal other than a court provided in Section 9
of this letter agreement, then (x) the obligations of the Investors under this letter agreement shall terminate ab initio and be null and void, and (y) none of the Investors, Parent, Merger Sub nor any Investor Affiliate shall have any
liability to the Company or any of its Affiliates under this letter agreement or with respect to the Merger Agreement, the Debt Financing Commitments or the transactions contemplated hereby or thereby. “Retained Claims” means
(i) claims by the Company (1) to enforce its rights under this letter agreement (provided that the maximum aggregate liability of the Investors under this letter agreement shall in no event exceed an amount equal to the Cap and shall in no
event be payable unless the Parent Termination Fee or any other Termination Obligation would otherwise be due and payable in accordance with the terms of the Merger Agreement), (2) to enforce the funding of the Termination Obligations to
Parent, (3) to enforce the funding of the Closing Commitment (as defined in the Equity Financing Commitment Letter) to Parent only to the extent that the Company is expressly entitled to enforce such funding in accordance with the Equity
Financing Commitment Letter and Section 9.5 of the Merger Agreement and subject to all of the terms, conditions and limitations herein and therein, (4) to enforce its rights under the Confidentiality Agreement or (5) against Parent or
Merger Sub relating to the Merger Agreement and the transactions contemplated thereby. 
 (c) The obligations of the Investors
under this letter agreement to fund, or to cause the funding of, the Termination Obligations in accordance with this Section 1 shall, to the fullest extent permitted by applicable law (as defined in the Merger Agreement), be absolute and
unconditional and shall not be released or discharged in whole or in part, or otherwise affected, irrespective of: (i) any change in the corporate existence, structure or ownership of Parent, Merger Sub or any other person or entity interested
in the transactions contemplated by the Merger Agreement, or any insolvency, bankruptcy, winding up, moratorium, receivership, dissolution, assignment, reorganization or other similar proceeding (each, a “Reorganization Proceeding”)
affecting Parent, Merger Sub or any other person or entity interested in the transactions contemplated by the Merger Agreement or any of their respective assets, (ii) any rescission, waiver, compromise or other amendment or modification of the
Merger Agreement or any other agreement evidencing, securing, or otherwise executed in connection with, any of the Termination Obligations, or change in the manner, place or terms of payment or performance, or any change or extension of the time,
place or manner of payment or performance of, or renewal of, any Termination Obligations, any escrow arrangement or other security therefor, or any 

  
 3 

 
amendment or waiver of or any consent to any departure from the terms of the Merger Agreement or the documents entered into in connection therewith, (iii) the addition, substitution or
release of any person or entity now or hereafter liable with respect to the Termination Obligations or otherwise interested in the transactions contemplated by the Merger Agreement, (iv) any lack of validity or enforceability of the Merger
Agreement, any other agreement or instrument relating thereto, other than by reason of fraud or intentional misrepresentation or willful breach by the Company, (v) the existence of any claim, set-off or other right that the Investors may have
at any time against Parent, Merger Sub or the Company (or the existence of any claim, set-off or other right that Parent or Merger Sub may have at any time against the Company), whether in connection with any Termination Obligations, the Merger
Agreement or otherwise, (vi) the failure of the Company to assert any claim or demand or to enforce any right or remedy against Parent, Merger Sub, any Investor or any other person or entity interested in the transactions contemplated by the
Merger Agreement (whether the requirement to file such a claim or demand arose in connection with any Reorganization Proceeding or otherwise) or (vii) the adequacy of any other means the Company may have of obtaining payment of any Termination
Obligations. 
 (d) In connection with the execution of the Merger Agreement, Parent has received a separate equity commitment
letter (the “Equity Financing Commitment Letter”) from the Investors wherein the Investors have agreed that, subject to the terms and conditions set forth therein they will purchase, directly or indirectly, debt or equity securities
of Parent in the amount set forth therein, which amount shall be used by Parent towards a portion of the Closing Commitments (as defined in the Equity Financing Commitment Letter). 

 

	2.	Confidentiality. Other than as required by Law or the rules of any national securities exchange, each of the parties agrees that it will not, nor will it permit
its advisors or affiliates to, disclose to any person or entity the contents of this letter agreement, other than to its advisors and affiliates who are instructed to maintain the confidentiality of this letter agreement in accordance herewith;
provided that, this letter may be provided to the Company and the Company may disclose this letter to (a) its Affiliates and representatives who are instructed to maintain the confidentiality of this letter agreement in accordance herewith,
(b) if requested in discovery in connection with litigation relating to the Merger Agreement and the transactions contemplated thereby brought by Company stockholders, (c) in connection proceedings seeking the enforcement of this letter
agreement and (d) to the extent required by Law. 

  

	3.	 Enforceability; No Recourse. This letter agreement may only be enforced by either (i) Parent and Merger Sub or (ii) the Company;
provided, that the Company acknowledges and agrees that any payment of the Termination Obligations will be made only to Parent. This letter agreement does not give any person any remedy, recourse or right of recovery against, or contribution
from any Investor Affiliate, through any of the Investors, Parent or Merger Sub except for Parent’s and Merger Sub’s and the Company’s rights against the Investors under this letter agreement including the right to cause the Investors
to fund to Parent, or cause the funding to Parent of, the Termination Obligations). It is expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on, or otherwise be incurred by any Investor Affiliate, as
such, for any obligations of the Investors under this letter agreement or the transactions contemplated 

  
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hereby, under any documents or instruments delivered in connection herewith, in respect of any oral representations made or alleged to be made in connection herewith or therewith, or for any
claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, such obligations or their creation. For purposes of this letter agreement, the term “Investor Affiliate” means (i) any former, current or
future general or limited partners, stockholders, holders of any equity, partnership or limited liability company interest, officer, member, manager, director, employees, agents, controlling persons, assignee, affiliates or affiliated (or commonly
advised) funds of any Investor, (ii) Parent or Merger Sub, or (iii) any former, current or future general or limited partners, stockholders, holders of any equity, partnership or limited liability company interest, officer, member,
manager, director, employees, agents, attorneys, controlling persons, assignee or affiliates of any of the foregoing. 

  

	4.	Relationship of the Parties. Each party acknowledges and agrees that (a) this letter agreement is not intended to, and does not, create any agency,
partnership, fiduciary or joint venture relationship between or among any of the parties hereto and neither this letter agreement nor any other document or agreement entered into by any party hereto relating to the subject matter hereof shall be
construed to suggest otherwise, (b) the obligations of each of the Investors under this letter agreement are solely contractual in nature and (c) the determination of each Investor was independent of each other. Notwithstanding anything to
the contrary contained in this letter agreement, the liability of each of Apax VIII-1 L.P. or Apax VIII-2 L.P. shall become the liabilities of Apax VIII-A L.P. and Apax VIII-B L.P., on a joint and several basis, and Apax VIII-A L.P. and Apax VIII-B
L.P., each of whom hereby agree to, and do, assume such liabilities, to the extent any of Apax VIII-1 L.P. or Apax VIII-2 L.P. fails to satisfy its obligations hereunder. Otherwise, the liabilities of each Investor shall be based upon its respective
Pro Rata Percentage of the Termination Commitment or such lesser amount as may be required to be paid by the Investors in accordance with the terms hereof and the Merger Agreement. The “Pro Rata Percentage” of each Investor is as
set forth below (subject to adjustment, provided, that in any event the total Pro Rata Percentage of the Investors (including any permitted assignee pursuant to Section 9 of this letter agreement) shall always equal 100%):

  

					
	 Apax VIII-A L.P.
	  	 	50.56	% 
	 Apax VIII-B L.P.
	  	 	49.23	% 
	 Apax VIII-1 L.P.
	  	 	0.11	% 
	 Apax VIII-2 L.P.
	  	 	0.10	% 

  

	5.	Third Party Beneficiaries. This letter agreement is solely for the benefit of the Investors, Parent, Merger Sub and the Company and is not intended to, nor does
it, confer any benefits on, or create any rights or remedies in favor of, any person other than the Investors, Parent, Merger Sub and the Company. In no event shall any of Parent’s creditors (other than the Company) have any right to enforce
this letter agreement or to cause Parent to enforce this letter agreement. For the avoidance of doubt, the Termination Obligations will be funded to Parent and under no circumstances will the Company be entitled to or seek that the Investors fund,
or cause the funding, of the Termination Obligations directly to the Company. 

  
 5 

	6.	No Modifications. This letter agreement may not be amended or otherwise modified without the prior written consent of the Company, Parent and the Investors.

  

	7.	Investor Representations and Covenants. 

 (a) Each Investor hereby covenants and agrees that it shall have the financial capacity to pay and perform its obligations under this letter agreement and all funds necessary for such Investor to fulfill
its obligations under this letter agreement shall be available to such Investor for so long as such obligations shall remain in effect in accordance with the terms hereof. The Investors will use reasonable best efforts to cause Parent and Merger Sub
to apply the funds received in accordance with Section 1 above in satisfaction of Parent’s and Merger Sub’s obligations under and in accordance with the Merger Agreement. Each Investor agrees that until the termination of the
obligation of the Investors to fund, or cause the funding of, the Termination Obligations pursuant to Section 1: (i) such Investor and its affiliates will not cause Parent or Merger Sub to file for any voluntary Reorganization Proceeding,
(ii) such Investor will use reasonable best efforts to take necessary actions so that Parent and Merger Sub do not file for any voluntary Reorganization Proceeding, and (iii) such Investor will use reasonable efforts to oppose any
involuntary Reorganization Proceeding, in each case with respect to Parent or Merger Sub (for the avoidance of doubt, in no event shall such efforts include the obligation to provide or expend funds that are not otherwise required to be provided or
expended pursuant to this letter agreement). 
 (b) In connection therewith, each Investor hereby represents and warrants that:
(1) it has all organizational power and authority to execute, deliver and perform this letter agreement; (2) the execution, delivery and performance of this letter agreement by the Investor has been duly and validly authorized and approved
by all necessary organizational action by it; (3) this letter agreement has been duly and validly executed and delivered by it and constitutes a valid and legally binding obligation of it, enforceable against it in accordance with the terms of
this letter agreement; (4) all consents, approvals, authorizations, permits of, filings with and notifications to, any governmental authority necessary for the due execution, delivery and performance of this letter agreement by the Investor
have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice to or filing with, any governmental authority or regulatory body is required in connection with the execution, delivery or
performance of this letter agreement; (5) there is not in existence any document, agreement, arrangement or understanding in relation to any aspect of the Equity Financing or this letter agreement to which any Investor, Parent, Merger Sub or
any Investor Affiliate is a party which would prejudice the Parent’s or Merger Sub’s ability to pay or procure payment of the amounts payable to the Company pursuant to the Merger Agreement or such Investor’s ability to fund the
Termination Commitment pursuant to this letter agreement; (6) the entering into of this letter agreement and/or committing the Termination Obligations to Parent and Merger Sub will not result in such Investor being in breach of any investment
restriction or other obligation contained in its limited partnership agreements, any side letters related thereto, similar organizational documents or any Law, regulation, rule, order, judgment or contractual restriction binding on the Investor or
its assets; and (7) such Investor has the financial capacity to pay and perform its obligations under this letter agreement and all funds necessary for such Investor to fulfill its obligations under this letter agreement shall be available to
such Investor for so long as such obligations shall remain in effect in accordance with the terms hereof. 

  
 6 

	8.	Governing Law; Jurisdiction; Venue. THIS LETTER AGREEMENT, AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) THAT MAY BE BASED UPON,
ARISE OUT OF OR RELATE TO THIS LETTER AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS LETTER AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE. Each of the parties hereto
(a) consents to submit itself to the personal jurisdiction of the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (unless the Delaware Court of Chancery shall decline to accept jurisdiction over a
particular matter, in which case, in any Delaware state or federal court within the State of Delaware), in the event any dispute arises out of this letter agreement or any of the transactions contemplated by this letter agreement, (b) agrees
that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, (c) agrees that it will not bring any action relating to this letter agreement or any of the transactions
contemplated by this letter agreement in any court other than the courts of the State of Delaware, as described above, and (d) consents to service being made through the notice procedures set forth in Section 9.6 of the Merger Agreement
(it being understood that any notice to an Investor shall be delivered in the same manner as a notice to Parent as set forth therein). Each of the parties hereto irrevocably waives, and agrees not to assert as a defense, counterclaim or otherwise,
in any legal action, suit or proceeding arising out of, based upon or relating to this letter agreement, (a) any claim that it is not personally subject to the jurisdiction of the above named courts for any reason, (b) any claim that it or
its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of
judgment or otherwise) and (c) to the fullest extent permitted by applicable Law, any claim that (i) the suit, action or proceeding in such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding
is improper or (iii) this letter agreement, or the subject matter hereof, may not be enforced in or by such courts. EACH OF PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS LETTER AGREEMENT OR THE ACTIONS OF ANY PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. 

 

	9.	 Assignment; Merger. This letter agreement is binding upon each Investor, its successors and permitted assigns, and shall inure to the benefit
of, and be enforceable by, Parent, Merger Sub and the Company and their respective successors and permitted assigns. An Investor’s obligation to fund all or any portion of the Termination Obligations set forth herein may be assigned by any
Investor to any other Investor or any additional equity co-investor and/or their respective affiliates and affiliated funds; provided, however, that any such assignment shall not relieve any Investor of its obligations under this
letter agreement (including its obligation to fund the Termination Obligations). Any transfer in violation of any provisions of this Section 9 shall be null and void. In the event an Investor (i) consolidates with or merges
with any other person and is not the continuing or surviving entity of such consolidation or merger or (ii) transfers or conveys all or a 

  
 7 

	 	
substantial portion of its properties and other assets to any person such that the Investor’s uncalled capital, together with the uncalled capital of any permitted assignee to which the
Investor’s obligations hereunder are assigned pursuant to this Section 9 of this letter agreement, is less than the such Investor’s Pro Rata Percentage of the aggregate Termination Commitment then, and in each such case, Parent
and the Company may seek recourse, whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding or by virtue of any statute, regulation or other applicable Law, against such continuing or surviving entity or such
transferee person, as the case may be, but only to the extent of the liability of such Investor hereunder and subject to the limitations herein. 

  

	10.	Counterparts; Entire Agreement. This letter agreement may be executed and delivered (including by facsimile, “.pdf,” or other electronic transmission)
in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. No party hereto or
to any such agreement or instrument shall raise the use of a facsimile machine or e-mail delivery of a “.pdf” format data file to deliver a signature to this letter agreement or any amendment hereto or the fact that any signature or
agreement or instrument was transmitted or communicated through the use of a facsimile machine or e-mail delivery of a “.pdf” format data file as a defense to the formation of a contract and each party hereto forever waives any such
defense. This letter agreement, the Equity Financing Commitment Letter, the Merger Agreement (including the exhibits and schedules thereto) and the Confidentiality Agreement contain the entire agreement of the parties with respect to the subject
matter hereof and supersedes all prior discussions, negotiations, proposals, undertakings, arrangements and understandings, whether written or oral, with respect thereto. 

[Signature pages follow.] 
 * * * * * * * 

  
 8 

 If this letter agreement is agreeable to you, please so indicate by signing in the space
indicated below. 
 Very truly yours, 

 

			
	Apax VIII-A L.P.
		
	By:	 	Apax VIII GP L.P. Inc.
	Its:	 	General Partner
	By:	 	Apax VIII GP Co. Limited
	Its:	 	General Partner
		
	By:	 	 /s/ A W Guille

		
	Name:	 	
		
	Title:	 	Director
		
	By:	 	 /s/ Denise Fallaize

		
	Name:	 	Denise Fallaize
		
	Title:	 	Director
	
	Apax VIII-B L.P.
		
	By:	 	Apax VIII GP L.P. Inc.
	Its:	 	General Partner
	By:	 	Apax VIII GP Co. Limited
	Its:	 	General Partner
		
	By:	 	 /s/ A W Guille

		
	Name:	 	
		
	Title:	 	Director
		
	By:	 	 /s/ Denise Fallaize

		
	Name:	 	Denise Fallaize
		
	Title:	 	Director

  

Signature Page to Equity Commitment Letter 

 
			
	Apax VIII-1 L.P.
		
	By:	 	Apax VIII GP L.P. Inc.
	Its:	 	General Partner
	By:	 	Apax VIII GP Co. Limited
	Its:	 	General Partner
		
	By:	 	 /s/ A W Guille

		
	Name:	 	
		
	Title:	 	Director
		
	By:	 	 /s/ Denise Fallaize

		
	Name:	 	Denise Fallaize
		
	Title:	 	Director
	
	Apax VIII-2 L.P.
		
	By:	 	Apax VIII GP L.P. Inc.
	Its:	 	General Partner
	By:	 	Apax VIII GP Co. Limited
	Its:	 	General Partner
		
	By:	 	 /s/ A W Guille

		
	Name:	 	
		
	Title:	 	Director
		
	By:	 	 /s/ Denise Fallaize

		
	Name:	 	Denise Fallaize
		
	Title:	 	Director

  

Signature Page to Equity Commitment Letter 

 Accepted and agreed to as of the first date written above. 

 

					
	RHODES HOLDCO, INC.
		
	By:	 	 /s/ Alex Pellegrini

		 	Name:	 	Alex Pellegrini
		 	Title:	 	Vice President

  

Signature Page to Equity Commitment Letter 

					
	RUE21, INC.
		
	By:	 	 /s/ Robert N. Fisch

		 	Name:	 	Robert N. Fisch
		 	Title:	 	President, Chief Executive Officer and Chairman of the Board

  

Signature Page to Equity Commitment Letter 

 EXECUTION VERSION 

Schedule A 
  

					
	 Allocated to:
	  	Termination Commitment	 
	 Apax VIII-A L.P.
	  	$	31,710,220.80	  
	 Apax VIII-B L.P.
	  	$	30,876,071.40	  
	 Apax VIII-1 L.P.
	  	$	68,989.80	  
	 Apax VIII-2 L.P.
	  	$	62,718.00	  
		  			
		  	  
	  
	 
	 Total:
	  	$	62,718,000.00	  
		  	  
	  
	 

  
 A-1EX-10.3

 Exhibit 10.3 
 rue21, inc. 
  

 
 AMENDED AND
RESTATED 
 2009 OMNIBUS INCENTIVE PLAN 

 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 Article I
	  	 PURPOSE
	  	 	A-1	  
			
	 Article II
	  	 DEFINITIONS
	  	 	A-1	  
			
	 Article III
	  	 ADMINISTRATION
	  	 	A-6	  
			
	 Article IV
	  	 SHARE LIMITATION
	  	 	A-8	  
			
	 Article V
	  	 ELIGIBILITY
	  	 	A-10	  
			
	 Article VI
	  	 STOCK OPTIONS
	  	 	A-10	  
			
	 Article VII
	  	 STOCK APPRECIATION RIGHTS
	  	 	A-13	  
			
	 Article VIII
	  	 RESTRICTED STOCK AND RESTRICTED STOCK UNITS
	  	 	A-14	  
			
	 Article IX
	  	 PERFORMANCE AWARDS
	  	 	A-16	  
			
	 Article X
	  	 OTHER STOCK-BASED AND CASH-BASED AWARDS
	  	 	A-18	  
			
	 Article XI
	  	 CHANGE IN CONTROL PROVISIONS
	  	 	A-19	  
			
	 Article XII
	  	 TERMINATION OR AMENDMENT OF PLAN
	  	 	A-21	  
			
	 Article XIII
	  	 UNFUNDED STATUS OF PLAN
	  	 	A-21	  
			
	 Article XIV
	  	 GENERAL PROVISIONS
	  	 	A-22	  
			
	 Article XV
	  	 EFFECTIVE DATE OF PLAN
	  	 	A-25	  
			
	 Article XVI
	  	 TERM OF PLAN
	  	 	A-25	  
			
	 Article XVII
	  	 NAME OF PLAN
	  	 	A-25	  

  
 A-i

 rue21, inc. 

 
  

AMENDED AND RESTATED 
 2009 OMNIBUS INCENTIVE PLAN 
  

 
 ARTICLE I

 PURPOSE 
 The purpose of this Amended and Restated rue21, inc. 2009 Omnibus Incentive Plan is to enhance the profitability and value of the Company for the benefit of its stockholders by enabling the Company to
offer Eligible Individuals cash and stock-based incentives in order to attract, retain and reward such individuals and strengthen the mutuality of interests between such individuals and the Company’s
stockholders. The Plan is effective as of the date set forth in Article XV. 
 ARTICLE II 

DEFINITIONS 
 For purposes of this Plan, the following terms shall have the following meanings: 

2.1 “Affiliate” means each of the following: (a) any Subsidiary; (b) any Parent; (c) any
corporation, trade or business (including, without limitation, a partnership or limited liability company) which is directly or indirectly controlled 50% or more (whether by ownership of stock, assets or an equivalent ownership interest or voting
interest) by the Company or one of its Affiliates; (d) any trade or business (including, without limitation, a partnership or limited liability company) which directly or indirectly controls 50% or more (whether by ownership of stock, assets or
an equivalent ownership interest or voting interest) of the Company; and (e) any other entity in which the Company or any of its Affiliates has a material equity interest and which is designated as an “Affiliate” by resolution of the
Committee; provided that, unless otherwise determined by the Committee, the Common Stock subject to any Award constitutes “service recipient stock” for purposes of Section 409A of the Code or otherwise does not subject the Award to
Section 409A of the Code. 
 2.2 “Award” means any award under the Plan of any Stock Option, Stock
Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Award, Other Stock-Based Award or Other Cash-Based Award. All Awards shall be granted by, confirmed by, and subject to the terms of, an Award Agreement. 

2.3 “Award Agreement” means the written or electronic agreement setting forth the terms and conditions applicable
to an Award. 
 2.4 “Board” means the Board of Directors of the Company. 

2.5 “Cause” means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect
to a Participant’s Termination of Employment or Termination of Consultancy, the following: (a) in the case where there is no employment agreement, consulting agreement, change in control agreement or similar agreement in effect between the
Company or an Affiliate and the Participant at the time of the grant of the Award (or where there is such an agreement but it does not define “cause” (or words of like import)), termination due to a Participant’s insubordination,
dishonesty, fraud, incompetence, moral turpitude, willful misconduct, refusal to perform his or her duties or responsibilities for any reason other than illness or incapacity or materially unsatisfactory performance of his or her duties for the
Company or an Affiliate, as determined by the Committee in its reasonable discretion; or (b) in the case where there is an employment agreement, consulting agreement, change in control agreement or similar agreement in effect between the
Company or an Affiliate and the Participant at the time of the grant of the Award that defines “cause” (or words of like import), “cause” as 

 
defined under such agreement; provided, however, that with regard to any agreement under which the definition of “cause” only applies on occurrence of a change in control, such
definition of “cause” shall not apply until a change in control actually takes place and then only with regard to a termination thereafter. With respect to a Participant’s Termination of Directorship, “cause” means an act or
failure to act that constitutes cause for removal of a director under applicable Delaware law. 
 2.6 “Change in
Control” has the meaning set forth in 11.2. 
 2.7 “Change in Control Price” has the
meaning set forth in Section 11.1. 
 2.8 “Code” means the Internal Revenue Code of 1986, as
amended. Any reference to any section of the Code shall also be a reference to any successor provision and any Treasury Regulation promulgated thereunder. 
 2.9 “Committee” means any committee of the Board duly authorized by the Board to administer the Plan in accordance with Section 3.1. If no committee is duly authorized by the
Board to administer the Plan, the term “Committee” shall be deemed to refer to the Board for all purposes under the Plan. 
 2.10 “Common Stock” means the Common Stock, $0.001 par value per share, of the Company. 
 2.11 “Company” means rue21, inc., a Delaware corporation, and its successors by operation of law. 
 2.12 “Consultant” means any natural person who is an advisor or consultant to the Company or its Affiliates. 

2.13 “Detrimental Activity” means, unless otherwise determined by the Committee in the applicable Award
Agreement: (a) the disclosure to anyone outside the Company or its Affiliates, or the use in any manner other than in the furtherance of the Company’s or its Affiliate’s business, without written authorization from the Company, of any
confidential information, trade secrets or proprietary information, relating to the business of the Company or its Affiliates that is acquired by a Participant prior to the Participant’s Termination; (b) activity while employed or
performing services that results, or if known could result, in the Participant’s Termination that is classified by the Company as a termination for Cause; (c) any attempt, directly or indirectly, to solicit, induce or hire (or the
identification for solicitation, inducement or hiring of) any non-clerical employee of the Company or its Affiliates to be employed by, or to perform services for, the Participant or any person or entity with which the Participant is associated
(including, but not limited to, due to the Participant’s employment by, consultancy for, equity interest in, or creditor relationship with such person or entity) or any person or entity from which the Participant receives direct or indirect
compensation or fees as a result of such solicitation, inducement or hire (or the identification for solicitation, inducement or hire) without, in all cases, written authorization from the Company; (d) any attempt, directly or indirectly, to
solicit in a competitive manner any customer or prospective customer of the Company or its Affiliates at the time of a Participant’s Termination, without, in all cases, written authorization from the Company; (e) the Participant’s
Disparagement, or inducement of others to do so, of the Company or its Affiliates or their past and present officers, directors, employees or products; (f) without written authorization from the Company, the rendering of services for any
organization, or engaging, directly or indirectly, in any business, which is competitive with the Company or its Affiliates, or the rendering of services to such organization or business if such organization or business is otherwise prejudicial to
or in conflict with the interests of the Company or its Affiliates provided, however, that competitive activities shall only be those competitive with any business unit or Affiliate of the Company with regard to which the Participant performed
services at any time within the two years prior to the Participant’s Termination; or (g) breach of any agreement between the Participant and the Company or an Affiliate (including, without limitation, any employment agreement or
noncompetition or nonsolicitation agreement). For purposes of sub-sections (a), (c), (d) and (f) above, the General Counsel or the Chief Executive Officer of the Company shall have authority to provide the Participant with written
authorization to engage in the activities contemplated thereby and no other person shall have authority to provide the Participant with such authorization. 

  
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 2.14 “Disability” means, unless otherwise determined by the
Committee in the applicable Award Agreement, with respect to a Participant’s Termination, a permanent and total disability as defined in Section 22(e)(3) of the Code. A Disability shall only be deemed to occur at the time of the
determination by the Committee of the Disability. Notwithstanding the foregoing, for Awards that are subject to Section 409A of the Code, Disability shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i) or (ii) of
the Code. 
 2.15 “Disparagement” means making comments or statements to the press, the Company’s
or its Affiliates’ employees, consultants or any individual or entity with whom the Company or its Affiliates has a business relationship which could reasonably be expected to adversely affect in any manner: (a) the conduct of the business
of the Company or its Affiliates (including, without limitation, any products or business plans or prospects); or (b) the business reputation of the Company or its Affiliates, or any of their products, or their past or present officers,
directors or employees. 
 2.16 “Dividend Equivalents” means an Award of cash or other Awards with a
Fair Market Value equal to the dividends which would have been paid on the Common Stock underlying an outstanding Award had such Common Stock been outstanding. 
 2.17 “Effective Date” means the effective date of the Plan as defined in Article XV. 
 2.18 “Eligible Employees” means each employee of the Company or an Affiliate. 
 2.19 “Eligible Individual” means an Eligible Employee, Non-Employee Director or Consultant who is designated by the Committee in its discretion as eligible to receive Awards
subject to the conditions set forth herein. 
 2.20 “Exchange Act” means the Securities Exchange Act of
1934, as amended. Reference to a specific section of the Exchange Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any
future legislation or regulation amending, supplementing or superseding such section or regulation. 
 2.21 “Fair
Market Value” means, for purposes of the Plan, unless otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, the last sales price reported for the
Common Stock on the applicable date: (a) as reported on the principal national securities exchange in the United States on which it is then traded or (b) if the Common Stock is not traded, listed or otherwise reported or quoted, the
Committee shall determine in good faith the Fair Market Value in whatever manner it considers appropriate taking into account the requirements of Section 409A of the Code. For purposes of the grant of any Award, the applicable date shall be the
trading day immediately prior to the date on which the Award is granted. For purposes of the exercise of any Award, the applicable date shall be the date a notice of exercise is received by the Committee or, if not a day on which the applicable
market is open, the next day that it is open. 
 2.22 “Family Member” means “family member” as
defined in Section A.1(a)(5) of the general instructions of Form S-8. 
 2.23 “Incentive Stock Option”
means any Stock Option awarded to an Eligible Employee of the Company, its Subsidiaries and its Parents (if any) under this Plan intended to be and designated as an “Incentive Stock Option” within the meaning of Section 422 of the
Code. 
 2.24 “Non-Employee Director” means a director or a member of the Board of the Company or any
Affiliate who is not an active employee of the Company or any Affiliate. 
 2.25 “Non-Qualified Stock
Option” means any Stock Option awarded under the Plan that is not an Incentive Stock Option. 

  
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 2.26 “Other Cash-Based Award” means an Award granted pursuant to
Section 10.3 of the Plan and payable in cash at such time or times and subject to such terms and conditions as determined by the Committee in its sole discretion. 
 2.27 “Other Stock-Based Award” means an Award under Article X of the Plan that is valued in whole or in part by reference to, or is payable in or otherwise based on, Common Stock,
including, without limitation, an Award valued by reference to an Affiliate. 
 2.28 “Parent” means any
parent corporation of the Company within the meaning of Section 424(e) of the Code. 
 2.29
“Participant” means an Eligible Individual to whom an Award has been granted pursuant to the Plan. 

2.30 “Performance Award” means an Award granted to a Participant pursuant to Article IX hereof contingent upon
achieving certain Performance Goals. 
 2.31 “Performance Goals” means goals established by the
Committee as contingencies for Awards to vest and/or become exercisable or distributable based on one or more of the performance goals set forth in Exhibit A hereto. 
 2.32 “Performance Period” means the designated period during which the Performance Goals must be satisfied with respect to the Award to which the Performance Goals relate.

 2.33 “Plan” means this rue21, inc. Amended and Restated 2009 Omnibus Incentive Plan, as further
amended and restated from time to time. 
 2.34 “Restricted Stock” means an Award of shares of Common
Stock under the Plan that is subject to restrictions under Article VIII. 
 2.35 “Restricted Stock Unit”
means an Award of the right to receive either (as the Committee determines) Common Stock or cash equal to the Fair Market Value of a share of Common Stock on the payment date, issued subject, in part, to the terms, conditions and restrictions
described in Article VIII. 
 2.36 “Restriction Period” has the meaning set forth in Section 8.3
with respect to Restricted Stock. 
 2.37 “Retirement” means, unless otherwise determined by the
Committee in the applicable Award Agreement, a Termination of Employment or Termination of Consultancy (other than a termination for Cause) at or after age 65 or such earlier date after age 50 as may be approved by the Committee with regard to such
Participant, in its sole discretion, at the time of grant, or thereafter provided that the exercise of such discretion does not make the applicable Award subject to Section 409A of the Code. With respect to a Participant’s Termination of
Directorship, Retirement means the failure to stand for reelection or the failure to be reelected on or after a Participant has attained age 65 or, with the consent of the Board, provided that the exercise of such discretion does not make the
applicable Award subject to Section 409A of the Code, before age 65 but after age 50. 
 2.38 “Rule
16b-3” means Rule 16b-3 under Section 16(b) of the Exchange Act as then in effect or any successor provision. 
 2.39 “Section 162(m) of the Code” means the exception for performance-based compensation under Section 162(m) of the Code and any applicable treasury regulations thereunder.

 2.40 “Section 409A of the Code” means the nonqualified deferred compensation rules under
Section 409A of the Code and any applicable Treasury Regulations and other official guidance thereunder. 

  
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 2.41 “Securities Act” means the Securities Act of 1933, as amended
and all rules and regulations promulgated thereunder. Reference to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and
any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation. 
 2.42 “Stock Appreciation Right” means an Award of a right to receive (without payment to the Company) cash, shares of Common Stock or other property, or other forms of payment, or
any combination thereof, as determined by the Committee, based on the increase in the value of the number of shares of Common Stock specified in the Stock Appreciation Right. Stock Appreciation Rights are subject, in part, to the terms, conditions
and restrictions described in Article VII. 
 2.43 “Stock Option” or “Option”
means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI. 
 2.44
“Subsidiary” means any subsidiary corporation of the Company within the meaning of Section 424(f) of the Code. 
 2.45 “Ten Percent Stockholder” means a person owning stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company,
its Subsidiaries or its Parent. 
 2.46 “Termination” means a Termination of Consultancy, Termination of
Directorship or Termination of Employment, as applicable. 
 2.47 “Termination of Consultancy” means:
(a) that the Consultant is no longer acting as a consultant to the Company or an Affiliate; or (b) when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon
becomes, a Consultant to the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that a Consultant becomes an Eligible Employee or a Non-Employee Director upon the
termination of his or her consultancy, unless otherwise determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or
a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define
Termination of Consultancy thereafter, provided that any such change to the definition of the term “Termination of Consultancy” does not subject the applicable Stock Option to Section 409A of the Code. 

2.48 “Termination of Directorship” means that the Non-Employee Director
has ceased to be a director of the Company; except that if a Non-Employee Director becomes an Eligible Employee or a Consultant upon the termination of his or her directorship, his or her ceasing to be a
director of the Company shall not be treated as a Termination of Directorship unless and until the Participant has a Termination of Employment or Termination of Consultancy, as the case may be. 

2.49 “Termination of Employment” means: (a) a termination of employment (for reasons other than a military
or personal leave of absence granted by the Company) of a Participant from the Company and its Affiliates; or (b) when an entity which is employing a Participant ceases to be an Affiliate, unless the Participant otherwise is, or thereupon
becomes, employed by the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that an Eligible Employee becomes a Consultant or a Non-Employee Director upon the
termination of his or her employment, unless otherwise determined by the Committee, in its sole discretion, no Termination of Employment shall be deemed to occur until such time as such Eligible Employee is no longer an Eligible Employee, a
Consultant or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Employment in the Award Agreement or, if no rights of a Participant are reduced, may
otherwise define Termination of Employment thereafter, provided that any such change to the definition of the term “Termination of Employment” does not subject the applicable Stock Option to Section 409A of the Code. 

  
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 2.50 “Transfer” means: (a) when used as a noun, any direct or
indirect transfer, sale, assignment, pledge, hypothecation, encumbrance or other disposition (including the issuance of equity in any entity), whether for value or no value and whether voluntary or involuntary (including by operation of law), and
(b) when used as a verb, to directly or indirectly transfer, sell, assign, pledge, encumber, charge, hypothecate or otherwise dispose of (including the issuance of equity in any entity) whether for value or for no value and whether voluntarily
or involuntarily (including by operation of law). “Transferred” and “Transferable” shall have a correlative meaning. 
 ARTICLE III 
 ADMINISTRATION 

3.1 The Committee. The Plan shall be administered and interpreted by the Committee; provided, however, that at any
time such authority may be administered by the Board or one or more Company officers and/or directors designated by the Committee, on such terms and conditions as it may determine, in compliance with applicable law or rule. To the extent required by
applicable law, rule or regulation, each member of the Committee shall qualify as (a) a “non-employee director” under Rule 16b-3, (b) an “outside director” under Code Section 162(m) and (c) an
“independent director” under the rules of any national securities exchange or national securities association, as applicable. If it is later determined that one or more members of the Committee do not so qualify, actions taken by the
Committee prior to such determination shall be valid despite such failure to qualify. 
 3.2 Grants of Awards. The
Committee shall have full authority to grant, pursuant to the terms of this Plan, to Eligible Individuals: (i) Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock and Restricted Stock Units, (iv) Performance
Awards; (v) Other Stock-Based Awards; and (vi) Other Cash-Based Awards. In particular, the Committee shall have the authority, including, without limitation: 
 (a) to select the Eligible Individuals to whom Awards may from time to time be granted hereunder; 
 (b) to determine whether and to what extent Awards, or any combination thereof, are to be granted hereunder to one or more Eligible Individuals; 

(c) to determine the number of shares of Common Stock to be covered by each Award granted hereunder; 

(d) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder (including, but
not limited to, the exercise or purchase price (if any), any restriction or limitation, any vesting schedule or acceleration thereof, or any forfeiture restrictions or waiver thereof, regarding any Award and the shares of Common Stock relating
thereto, based on such factors, if any, as the Committee shall determine, in its sole discretion); 
 (e) to determine whether,
to what extent and under what circumstances grants of Options and other Awards under the Plan are to operate on a tandem basis and/or in conjunction with or apart from other awards made by the Company under this Plan or outside of this Plan;

 (f) to determine whether and under what circumstances a Stock Option may be settled in cash, Common Stock and/or Restricted
Stock under Section 6.4(d); 
 (g) to determine whether a Stock Option is an Incentive Stock Option or Non-Qualified Stock Option; 
 (h) to determine whether to require a Participant, as a
condition of the granting of any Award, to not sell or otherwise dispose of shares acquired pursuant to the exercise of an Award for a period of time as determined by the Committee, in its sole discretion, following the date of the acquisition of
such Award; and 

  
 A-6

 (i) to modify, extend or renew an Award, except as otherwise provided herein; provided,
however, that such action does not subject the Award to Section 409A of the Code without the consent of the Participant. 

3.3 Guidelines. Subject to Article XII hereof, the Committee shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by applicable law and applicable stock exchange rules), as it shall, from time to time,
deem advisable; to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreements relating thereto); and to otherwise supervise the administration of the Plan. The Committee may correct any
defect, supply any omission or reconcile any inconsistency in the Plan or in any agreement relating thereto in the manner and to the extent it shall deem necessary to effectuate the purpose and intent of the Plan. The Committee may adopt special
guidelines and provisions for persons who are residing in or employed in, or subject to, the taxes of, any domestic or foreign jurisdictions to comply with applicable tax and securities laws of such domestic or foreign jurisdictions. Notwithstanding
the foregoing, no action of the Committee under this Section 3.3 shall materially impair the rights of any Participant without the Participant’s consent, except as otherwise provided in the Plan. To the extent applicable, this Plan is
intended to comply with the applicable requirements of Rule 16b-3, and with respect to Awards intended to be “performance-based,” the applicable provisions of Section 162(m) of the Code, and the Plan shall be limited, construed and
interpreted in a manner so as to comply therewith. Although it is the intent of the Company that this Plan and Awards hereunder, to the extent the Committee deems appropriate and to the extent applicable, comply with Rule 16b-3 and Sections 162(m),
409A and 422; (i) the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under any provision of the federal, state, local or non-United States law; and (ii) in no event shall any member of the
Committee or the Company (or its employees, officers or directors) have any liability to any Participant (or any other person) due to the failure of an Award to satisfy the requirements of Rule 16b-3 and Sections 162(m), 409A and 422 or for any tax,
interest, or penalties the Participant might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan. 
 3.4 Decisions Final. Any decision, interpretation or other action made or taken in good faith by or at the direction of the Company, the Board or the Committee (or any of its members or
designees) arising out of or in connection with the Plan shall be within the absolute discretion of all and each of them, as the case may be, and shall be final, binding and conclusive on the Company and all employees and Participants and their
respective heirs, executors, administrators, successors and assigns. 
 3.5 Designation of Consultants/Liability.

 (a) The Committee may designate employees of the Company and professional advisors to assist the Committee in the
administration of the Plan and (to the extent permitted by applicable law and applicable exchange rules) may grant authority to officers to grant Awards and/or execute agreements or other documents on behalf of the Committee. 

(b) The Committee may employ such legal counsel, consultants and agents as it may deem desirable for the administration of the Plan and
may rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the Committee or the Board in the engagement of any such counsel, consultant or agent shall
be paid by the Company. To the maximum extent permitted by law, neither the Board, the Committee, their current or former respective members nor and any person designated pursuant to sub-section (a) or
Section 3.1 above shall be liable for any action or determination made in good faith with respect to the Plan or any Award granted under it. 
 3.6 Indemnification. To the maximum extent permitted by applicable law and the Certificate of Incorporation and By-Laws of the Company and to the extent not covered by insurance directly
insuring such person, each officer or employee of the Company or any Affiliate and member or former member of the Committee or the Board shall be indemnified and held harmless by the Company against any cost or expense

  
 A-7

 
(including reasonable fees of counsel reasonably acceptable to the Committee) or liability (including any sum paid in settlement of a claim with the approval of the Committee), and advanced
amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the administration of the Plan, except to the extent arising out of such officer’s,
employee’s, member’s or former member’s own fraud or bad faith. Such indemnification shall be in addition to any right of indemnification the employees, officers, directors or members or former officers, directors or members may have
under applicable law or under the Certificate of Incorporation or By-Laws of the Company or any Affiliate. Notwithstanding anything else herein, this indemnification will not apply to the actions or determinations made by an individual with regard
to Awards granted to him or her under this Plan. 
 ARTICLE IV 

SHARE LIMITATION 
 4.1 Shares. (a) The aggregate number of shares of Common Stock that may be issued or used for reference purposes or with respect to which Awards may be granted under the Plan shall be
5,626,000 shares (subject to any increase or decrease pursuant to Section 4.2), which may be either authorized and unissued Common Stock or Common Stock held in or acquired for the treasury of the Company or both. The maximum number of shares
of Common Stock with respect to which Incentive Stock Options may be granted under the Plan shall be 5,626,000 shares. If any Award is forfeited or cancelled, or terminates unexercised, or if an Award is otherwise settled without the delivery of the
full number of shares of Common Stock underlying the Award, then such shares of Common Stock shall be or become available for issuance under this Plan; provided, however, that shares of Common Stock (i) delivered in payment of the exercise
price of a Stock Option, (ii) not issued upon settlement of Stock Appreciation Rights, or (iii) delivered to or withheld by the Company to pay withholding taxes shall not become available again for issuance under this Plan. Any Award under
the Plan settled in cash shall not be counted against the foregoing maximum share limitations. 
 (b) Individual Participant
Limitations. To the extent required by Section 162(m) of the Code for Awards under the Plan to qualify as “performance-based compensation,” the following individual Participant limitations shall apply: 

(i) The maximum number of shares of Common Stock subject to any Award of Stock Options, or Stock Appreciation Rights, or shares of
Restricted Stock, Restricted Stock Units or Other Stock-Based Awards for which the grant of such Award or the lapse of the relevant Restriction Period is subject to the attainment of Performance Goals which may be granted under the Plan during any
fiscal year of the Company to any Participant shall be 750,000 shares per type of Award (which shall be subject to any further increase or decrease pursuant to Section 4.2), provided that the maximum number of shares of Common Stock for all
types of Awards does not exceed 750,000 shares (which shall be subject to any further increase or decrease pursuant to Section 4.2) during any fiscal year of the Company. 

(ii) There are no annual individual share limitations applicable to Participants on Restricted Stock, Restricted Stock Units or Other
Stock-Based Awards for which the grant, vesting or payment (as applicable) of any such Award is not subject to the attainment of Performance Goals. 
 (iii) The maximum number of shares of Common Stock subject to any Performance Award which may be granted under the Plan during any fiscal year of the Company to any Participant shall be 750,000 shares
(which shall be subject to any further increase or decrease pursuant to Section 4.2) with respect to any fiscal year of the Company. 
 (iv) The maximum value of a cash payment made under a Performance Award which may be granted under the Plan with respect to any fiscal year of the Company to any Participant shall be $5,000,000.

  
 A-8

 (v) The individual Participant limitations set forth in this Section 4.1(b) (other
than Section 4.1(b)(iii)) shall be cumulative; that is, to the extent that shares of Common Stock for which Awards are permitted to be granted to a Participant during a fiscal year are not covered by an Award to such Participant in a fiscal
year, the number of shares of Common Stock available for Awards to such Participant shall automatically increase in the subsequent fiscal years during the term of the Plan until used. 

(c) Non-Employee Director Share Limitation. No Non-Employee Director may be granted Awards (denominated in shares of Common Stock)
in excess of 50,000 shares of Common Stock under this Plan in any one fiscal year of the Company. 
 4.2 Changes.

 (a) The existence of the Plan and the Awards granted hereunder shall not affect in any way the right or power of the Board or
the stockholders of the Company to make or authorize (i) any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, (ii) any merger or consolidation of the Company or any
Affiliate, (iii) any issuance of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock, (iv) the dissolution or liquidation of the Company or any Affiliate, (v) any sale or transfer of all or
part of the assets or business of the Company or any Affiliate or (vi) any other corporate act or proceeding. 
 (b)
Subject to the provisions of Section 4.2(d), if there shall occur any such change in the capital structure of the Company by reason of any stock split, reverse stock split, stock dividend, subdivision, combination or reclassification of shares
that may be issued under the Plan, any recapitalization, any merger, any consolidation, any spin off, any reorganization or any partial or complete liquidation, or any other corporate transaction or event having an effect similar to any of the
foregoing (a “Section 4.2 Event”), then (i) the aggregate number and/or kind of shares that thereafter may be issued under the Plan, (ii) the individual maximum number of shares of Common Stock that may be granted as any
Award (denominated in shares) hereunder; (iii) the number and/or kind of shares or other property (including cash) subject to outstanding Awards granted under the Plan, and/or (iv) the grant or exercise price with respect to any
outstanding Award granted under the Plan, shall be appropriately adjusted. In addition, subject to Section 4.2(d), if there shall occur any change in the capital structure or the business of the Company that is not a Section 4.2 Event (an
“Other Extraordinary Event”), including by reason of any extraordinary dividend (whether cash or stock), any conversion, any adjustment, any issuance of any class of securities convertible or exercisable into, or exercisable for,
any class of stock, or any sale or transfer of all or substantially all of the Company’s assets or business, then the Committee, in its sole discretion, may adjust any Award and make such other adjustments to the Plan. Any adjustment pursuant
to this Section 4.2 shall be consistent with the applicable Section 4.2 Event or the applicable Other Extraordinary Event, as the case may be, and in such manner as the Committee may, in its sole discretion, deem appropriate and equitable
to prevent substantial dilution or enlargement of the rights granted to, or available for, Participants under the Plan. Any such adjustment determined by the Committee shall be final, binding and conclusive on the Company and all Participants and
their respective heirs, executors, administrators, successors and permitted assigns. Except as expressly provided in this Section 4.2 or in the applicable Award Agreement, a Participant shall have no rights by reason of any Section 4.2
Event or any Other Extraordinary Event. 
 (c) Fractional shares of Common Stock resulting from any adjustment in Awards
pursuant to Section 4.2(a) or 4.2(b) shall be aggregated until, and eliminated at, the time of exercise by rounding-down for fractions less than one-half and rounding-up for fractions equal to or greater than one-half. No cash settlements shall
be made with respect to fractional shares eliminated by rounding. Notice of any adjustment shall be given by the Committee to each Participant whose Award has been adjusted and such adjustment (whether or not such notice is given) shall be effective
and binding for all purposes of the Plan. 
 (d) In addition, the Committee may, if deemed appropriate, in its discretion,
determine that in connection with any merger, consolidation, sale of all or substantially all of the Company’s assets, Change in Control, dissolution, liquidation, or any other transaction or event having a similar effect to any of the
foregoing, 

  
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(i) provide for an equivalent Award or substitute Award in respect of securities of the surviving entity of any such transaction, (ii) upon advance notice to the affected Participants,
cancel any outstanding Stock Options or Stock Appreciation Rights and pay to the holders thereof, in cash, stock, or other property (including the property, if any, payable in such transaction) (or any combination thereof), an amount equal to the
excess of the fair market value of the shares of Common Stock covered by the Award, based on the price per share of Common Stock received or to be received by other stockholders of the Company in such a transaction or such other value as determined
by the Committee (the “Transaction Fair Market Value”), over the exercise price of the Award, or (iii) make provision for a cash payment or payment of other property (including the property, if any, payable in such transaction)
to the holder of any other outstanding Award in settlement of such Award; provided that, in the case of a Stock Option or Stock Appreciation Right with an exercise price that equals or exceeds the Transaction Fair Market Value of a share of Common
Stock, the Committee may cancel such Stock Option or Stock Appreciation Right without payment or consideration therefor. 
 Any
such adjustment or other actions taken by the Committee pursuant to this Section 4.2 shall be performed in accordance with the applicable provisions of the Code and the treasury regulations issued thereunder so as to not affect the status of
(i) any Award intended to qualify as performance-based compensation under Section 162(m) of the Code, unless the Committee determines otherwise, (ii) any Award intended to qualify as an Incentive Stock Option under Section 422 of
the Code, unless the Committee determines otherwise, or (iii) any Award intended to comply with, or qualify for, an exception to Section 409A of the Code. 
 Any such termination, adjustment or other action taken by the Committee will be final, conclusive and binding for all purposes of this Plan. 

4.3 Minimum Purchase Price. Notwithstanding any provision of the Plan to the contrary, if authorized but previously
unissued shares of Common Stock are issued under the Plan, such shares shall not be issued for a consideration that is less than as permitted under applicable law. 
 ARTICLE V 
 ELIGIBILITY 

5.1 General Eligibility. All current and prospective Eligible Individuals are eligible to be granted Awards. Eligibility
for the grant of Awards and actual participation in the Plan shall be determined by the Committee (or its designee) in its sole discretion. 
 5.2 Incentive Stock Options. Notwithstanding the foregoing, only Eligible Employees of the Company, its Subsidiaries and its Parent (if any) are eligible to be granted Incentive Stock
Options under the Plan. Eligibility for the grant of an Incentive Stock Option and actual participation in the Plan shall be determined by the Committee in its sole discretion. 

5.3 General Requirement. The vesting and exercise of Awards granted to a prospective Eligible Individual are conditioned
upon such individual actually becoming an Eligible Employee, Consultant or Non-Employee Director, respectively. 
 ARTICLE VI

 STOCK OPTIONS 
 6.1 Options. Stock Options may be granted alone or in addition to other Awards granted under the Plan. Each Stock Option granted under the Plan shall be of one of two types: (a) an
Incentive Stock Option or (b) a Non-Qualified Stock Option. 

  
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 6.2 Grants. The Committee shall have the authority to grant to any Eligible
Employee one or more Incentive Stock Options, Non-Qualified Stock Options, or both types of Stock Options. The Committee shall have the authority to grant any Consultant or Non-Employee Director one or more Non-Qualified Stock Options. To the extent
that any Stock Option does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Stock Option or the portion thereof which does not so qualify shall constitute a
separate Non-Qualified Stock Option. 
 6.3 Incentive Stock Options. Notwithstanding anything in the Plan to the
contrary, no term of the Plan relating to Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to disqualify the Plan under Section 422 of the
Code, or, without the consent of the Participants affected, to disqualify any Incentive Stock Option under such Section 422. 
 6.4 Terms of Options. Options granted under the Plan shall be subject to the following terms and conditions and shall be in such form and contain such additional terms and conditions, not
inconsistent with the terms of the Plan, as the Committee shall deem desirable: 
 (a) Exercise Price. The exercise price
per share of Common Stock subject to a Stock Option shall be determined by the Committee at the time of grant, provided that the per share exercise price of a Stock Option shall not be less than 100% (or, in the case of an Incentive Stock Option
granted to a Ten Percent Stockholder, 110%) of the Fair Market Value of the Common Stock at the time of grant. 
 (b) Stock
Option Term and Vesting. The term of each Stock Option shall be fixed by the Committee, provided that no Stock Option shall be exercisable more than 10 years after the date the Option is granted; and provided further that the term of an
Incentive Stock Option granted to a Ten Percent Stockholder shall not exceed five years. The standard vesting schedule applicable to Awards of Stock Options shall provide for vesting of such Awards, in one or more increments, over a service period
of no less than three years (not including special vesting terms set forth therein); provided, however, this limitation shall not apply to (i) Awards granted to Non-Employee Directors of the Board that
are received pursuant to the Company’s compensation program applicable to Non-Employee Directors, (ii) adversely affect a Participant’s rights under another plan or agreement with the Company, (iii) apply to substitute Awards or
any other Awards granted in exchange for the surrender of, or substitution of, another company’s awards to its employees, directors or any other persons, or (iv) apply to 350,000 shares of Common Stock relating to Awards of Stock Options
granted pursuant to this Article VI. 
 (c) Exercisability. Unless otherwise provided by the Committee in accordance with
the provisions of this Section 6.4, Stock Options granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the Committee
provides, in its discretion, that any Stock Option is exercisable subject to certain limitations (including, without limitation, that such Stock Option is exercisable only in installments or within certain time periods), the Committee may waive such
limitations on the exercisability at any time at or after the time of grant in whole or in part (including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such Stock Option may be exercised),
based on such factors, if any, as the Committee shall determine, in its sole discretion. Unless otherwise determined by the Committee, at the time of grant, the Option agreement shall provide that (i) in the event that the Participant engages
in Detrimental Activity prior to any exercise of the Stock Option (whether vested or unvested), all Stock Options held by the Participant shall thereupon terminate and expire, (ii) as a condition of the exercise of a Stock Option, the
Participant shall be required to certify (or shall be deemed to have certified) at the time of exercise in a manner acceptable to the Company that the Participant is in compliance with the terms and conditions of the Plan and that the Participant
has not engaged in, and does not intend to engage in, any Detrimental Activity, and (iii) in the event that the Participant engages in Detrimental Activity during the one-year period commencing on the date that the Stock Option is exercised or
becomes vested, the Company shall be entitled to recover from the Participant at any time within one year after such exercise or vesting, and the Participant shall pay over to the Company, an amount equal to any gain realized as a result of the
exercise (whether at the time of exercise or thereafter). The foregoing provisions described in subsections (i), (ii) and (iii) shall cease to apply upon a Change in Control. 

  
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 (d) Method of Exercise. Subject to whatever installment exercise and waiting period
provisions apply under Section 6.4(c), to the extent vested, Stock Options may be exercised in whole or in part at any time during the Option term, by giving written notice of exercise to the Company specifying the number of shares of Common
Stock to be purchased. Such notice shall be accompanied by payment in full of the purchase price as follows: (i) in cash or by check, bank draft or money order payable to the order of the Company; (ii) solely to the extent permitted by
applicable law, if the Common Stock is traded on a national securities exchange, and the Committee authorizes, through a procedure whereby the Participant delivers irrevocable instructions to a broker reasonably acceptable to the Committee to
deliver promptly to the Company an amount equal to the purchase price; or (iii) on such other terms and conditions as may be acceptable to the Committee (including, without limitation, the relinquishment of Stock Options or by payment in full
or in part in the form of Common Stock owned by the Participant based on the Fair Market Value of the Common Stock on the payment date as determined by the Committee). No shares of Common Stock shall be issued until payment therefore, as provided
herein, has been made or provided for. 
 (e) Non-Transferability of Options. No Stock Option shall be Transferable by
the Participant otherwise than by will or by the laws of descent and distribution, and all Stock Options shall be exercisable, during the Participant’s lifetime, only by the Participant. Notwithstanding the foregoing, the Committee may
determine, in its sole discretion, at the time of grant or thereafter that a Non-Qualified Stock Option that is otherwise not Transferable pursuant to this Section is Transferable to a Family Member in whole or in part and in such circumstances, and
under such conditions, as specified by the Committee. A Non-Qualified Stock Option that is Transferred to a Family Member pursuant to the preceding sentence (i) may not be subsequently Transferred otherwise than by will or by the laws of
descent and distribution and (ii) remains subject to the terms of this Plan and the applicable Award Agreement. Any shares of Common Stock acquired upon the exercise of a Non-Qualified Stock Option by a
permissible transferee of a Non-Qualified Stock Option or a permissible transferee pursuant to a Transfer after the exercise of the Non-Qualified Stock Option shall be subject to the terms of this Plan and the applicable Award Agreement. 

(f) Termination by Death, Disability or Retirement. Unless otherwise determined by the Committee at the time of grant, or if no
rights of the Participant are reduced, thereafter, if a Participant’s Termination is by reason of death, Disability or Retirement, all Stock Options that are held by such Participant that are vested and exercisable at the time of the
Participant’s Termination may be exercised by the Participant at any time within a period of one year from the date of such Termination, but in no event beyond the expiration of the stated term of such Stock Options; provided, however, that if
the Participant dies within such exercise period, all unexercised Stock Options held by such Participant shall thereafter be exercisable, to the extent to which they were exercisable at the time of death, for a period of one year from the date of
such death, but in no event beyond the expiration of the stated term of such Stock Options. 
 (g) Involuntary Termination
Without Cause. Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination is by involuntary termination without Cause, all Stock Options that
are held by such Participant that are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of 90 days from the date of such Termination, but in no event beyond the
expiration of the stated term of such Stock Options. 
 (h) Voluntary Termination. Unless otherwise determined by the
Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination is voluntary (other than a voluntary termination described in Section 6.4(i)(y) hereof), all Stock Options that are
held by such Participant that are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of 30 days from the date of such Termination, but in no event beyond the
expiration of the stated term of such Stock Options. 
 (i) Termination for Cause. Unless otherwise determined by the
Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination (x) is for Cause or (y) is a 

  
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voluntary Termination (as provided in Section 6.4(h)) after the occurrence of an event that would be grounds for a Termination for Cause, all Stock Options, whether vested or not vested,
that are held by such Participant shall thereupon terminate and expire as of the date of such Termination. 
 (j) Unvested
Stock Options. Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, Stock Options that are not vested as of the date of a Participant’s Termination for any reason
shall terminate and expire as of the date of such Termination. 
 (k) Incentive Stock Option Limitations. To the extent
that the aggregate Fair Market Value (determined as of the time of grant) of the Common Stock with respect to which Incentive Stock Options are exercisable for the first time by an Eligible Employee during any calendar year under this Plan and/or
any other stock option plan of the Company, any Subsidiary or any Parent exceeds $100,000, such Options shall be treated as Non-Qualified Stock Options. Should any provision of this Plan not be necessary in
order for the Stock Options to qualify as Incentive Stock Options, or should any additional provisions be required, the Committee may amend this Plan accordingly, without the necessity of obtaining the approval of the stockholders of the Company.

 (l) Form, Modification, Extension and Renewal of Stock Options. Subject to the terms and conditions and within the
limitations of the Plan, Stock Options shall be evidenced by such form of agreement or grant as is approved by the Committee, and the Committee may (i) modify, extend or renew outstanding Stock Options granted under the Plan (provided that the
rights of a Participant are not reduced without his or her consent and provided further that such action does not subject the Stock Options to Section 409A of the Code without the consent of the Participant), and (ii) accept the surrender
of outstanding Stock Options (up to the extent not theretofore exercised) and authorize the granting of new Stock Options in substitution therefore (to the extent not theretofore exercised or otherwise prohibited by the Plan). 

(m) Other Terms and Conditions. Stock Options may contain such other provisions, which shall not be inconsistent with any of the
terms of the Plan, as the Committee shall deem appropriate. 
 ARTICLE VII 

STOCK APPRECIATION RIGHTS 
 7.1 Stock Appreciation Rights. The Committee may grant Stock Appreciation Rights. Each Award of Stock Appreciation Rights granted under this Plan shall be evidenced by an Award Agreement in
such form as the Committee shall prescribe from time to time in accordance with this Plan and shall comply with the applicable terms and conditions of this Article and this Plan, and with such other terms and conditions, including, but not limited
to, restrictions upon the Award of Stock Appreciation Rights or the shares of Common Stock issuable upon exercise thereof, as the Committee, in its discretion, shall establish. 

7.2 Terms and Conditions of Stock Appreciation Rights. Stock Appreciation Rights granted hereunder shall be subject to such
terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following: 
 (a) Exercise Price. The exercise price per share of Common Stock subject to a Stock Appreciation Right shall be determined by the Committee at the time of grant, provided that the per share
exercise price of a Stock Appreciation Right shall not be less than 100% of the Fair Market Value of the Common Stock at the time of grant. 
 (b) Term. The term of each Stock Appreciation Right shall be fixed by the Committee, but shall not be greater than 10 years after the date the right is granted. 

(c) Exercisability. Unless otherwise provided by the Committee in accordance with the provisions of this Section 7.2, Stock
Appreciation Rights granted under the Plan shall be exercisable at such time or times and 

  
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subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the Committee provides, in its discretion, that any such right is exercisable subject to
certain limitations (including, without limitation, that it is exercisable only in installments or within certain time periods), the Committee may waive such limitations on the exercisability at any time at or after grant in whole or in part
(including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such right may be exercised), based on such factors, if any, as the Committee shall determine, in its sole discretion. 

Unless otherwise determined by the Committee at grant, the Award Agreement shall provide that (i) in the event that the Participant
engages in Detrimental Activity prior to any exercise of the Stock Appreciation Right, all Stock Appreciation Rights held by the Participant shall thereupon terminate and expire, (ii) as a condition of the exercise of a Stock Appreciation
Right, the Participant shall be required to certify (or shall be deemed to have certified) at the time of exercise in a manner acceptable to the Company that the Participant is in compliance with the terms and conditions of the Plan and that the
Participant has not engaged in, and does not intend to engage in, any Detrimental Activity, and (iii) in the event that the Participant engages in Detrimental Activity during the one-year period commencing on the date the Stock Appreciation
Right is exercised or becomes vested, the Company shall be entitled to recover from the Participant at any time within one year after such exercise or vesting, and the Participant shall pay over to the Company, an amount equal to any gain realized
as a result of the exercise (whether at the time of exercise or thereafter). The foregoing provisions described in subsections (i), (ii) and (iii) shall cease to apply upon a Change in Control. 

(d) Method of Exercise. Subject to whatever installment exercise and waiting period provisions apply under Section 7.2(c),
Stock Appreciation Rights may be exercised in whole or in part at any time in accordance with the applicable Award Agreement, by giving written notice of exercise to the Company specifying the number of Stock Appreciation Rights to be exercised.

 (e) Payment. Upon the exercise of a Stock Appreciation Right, a Participant shall be entitled to receive, for each
right exercised, up to, but no more than, an amount in cash and/or Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess of the Fair Market Value of one share of Common Stock on the date that the right is
exercised over the exercise price attributable to such share under the Stock Appreciation Right. 
 (f) Termination.
Unless otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter, subject to the provisions of the applicable Award Agreement and the Plan, upon a Participant’s Termination for any reason, Stock
Appreciation Rights will remain exercisable following a Participant’s Termination on the same basis as Stock Options would be exercisable following a Participant’s Termination in accordance with the provisions of Sections 6.4(f) through
6.4(j). 
 (g) Non-Transferability. No Stock Appreciation Rights shall be Transferable by the Participant otherwise than
by will or by the laws of descent and distribution, and all such rights shall be exercisable, during the Participant’s lifetime, only by the Participant. 
 ARTICLE VIII 
 RESTRICTED STOCK AND RESTRICTED STOCK UNITS 

8.1 Restricted Stock and Restricted Stock Units. The Committee may grant Awards of Restricted Stock and Restricted Stock
Units. Each Award of Restricted Stock or Restricted Stock Units under this Plan shall be evidenced by an Award Agreement in such form as the Committee shall prescribe from time to time in accordance with this Plan and shall comply with the
applicable terms and conditions of this Article and this Plan, and with such other terms and conditions as the Committee, in its discretion, shall establish. 
 8.2 Awards of Restricted Stock or Restricted Stock Units. The Committee shall determine the number of shares of Common Stock (or equivalent) to be issued to a Participant pursuant to the
Award of Restricted Stock or Restricted Stock Units, and the extent, if any, to which they shall be issued in exchange for cash, other 

  
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consideration, or both. Restricted Stock and Restricted Stock Units may be issued either alone or in addition to other Awards granted under the Plan. The Committee shall determine the Eligible
Individuals, to whom, and the time or times at which, grants of Restricted Stock and Restricted Stock Units shall be made, the number of shares (or equivalent) to be awarded and relating to such Awards, the price (if any) to be paid by the
Participant, the time or times within which such Awards may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of the Awards. 

Unless otherwise determined by the Committee at grant, each Award of Restricted Stock and Restricted Stock Units shall provide that in
the event that the Participant engages in Detrimental Activity prior to, or during the one-year period after, any vesting of Restricted Stock or Restricted Stock Units, the Committee may direct that all unvested Restricted Stock and Restricted Stock
Units shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to the Fair Market Value at the time of vesting of any Restricted Stock or Restricted Stock Units which had vested in the
period referred to above. The foregoing provision shall cease to apply upon a Change in Control. 
 8.3 Vesting.
The Committee may condition the grant or vesting of Restricted Stock or Restricted Stock Units upon the attainment of specified performance targets (including, the Performance Goals) or such other factors as the Committee may determine in its
sole discretion, including to comply with the requirements of Section 162(m) of the Code. Until the expiration of such period as the Committee shall determine from the date on which the Award is granted and subject to such other terms and
conditions as the Committee, in its discretion, shall establish (the “Restriction Period”), a Participant to whom an Award of Restricted Stock is made shall be issued, but shall not be entitled to the delivery of, a stock
certificate or other evidence of ownership representing the shares of Common Stock subject to such Award. 
 The standard
vesting schedule applicable to Awards of Restricted Stock and Restricted Stock Units shall provide for vesting of such Awards, in one or more increments, over a service period of no less than three years or, in the case of Performance Awards, a
performance period of no less than one year (in each case, not including special vesting terms set forth therein); provided, however, this limitation shall not apply to (i) Awards granted to Non-Employee Directors of the Board that are received
pursuant to the Company’s compensation program applicable to Non-Employee Directors, (ii) adversely affect a Participant’s rights under another plan or agreement with the Company, (iii) apply to substitute Awards or any other
Awards granted in exchange for the surrender of, or substitution of, another company’s awards to its employees, directors or any other persons, or (iv) apply to 350,000 shares of Common Stock relating to Restricted Stock or Restricted
Stock Units granted pursuant to this Article VIII. 
 8.4 Stockholder Rights. Unless otherwise determined by the
Committee in its discretion, a Participant to whom an Award of Restricted Stock has been made (and any Person succeeding to such a Participant’s rights pursuant to this Plan) shall have, after issuance of a certificate for the number of shares
of Common Stock awarded (or after the Participant’s ownership of such shares of Common Stock shall have been entered into the books of the registrar in the case of uncertificated shares) and prior to the expiration of the Restriction Period,
ownership of such shares, including the right to vote such shares and to receive dividends or other distributions made or paid with respect to such shares, provided that, such shares of Common Stock, and any new, additional or different
shares, or other securities or property, or other forms of consideration that the Participant may be entitled to receive with respect to such shares as a result of a stock split, stock dividend or any other change in the corporation or capital
structure of the Company, shall be subject to the restrictions set forth in the Award and this Plan. 
 In the case of
Restricted Stock Units, a Participant shall not have any stockholder rights, including voting rights and actual dividend rights, with respect to shares of Common Stock subject to the Award until such Participant becomes a holder of such shares
following their actual issuance under the terms of the Restricted Stock Unit Award. 

  
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 8.5 Termination. The Committee shall determine in its discretion and specify
in each agreement evidencing an Award of Restricted Stock or Restricted Stock Units the effect, if any, the termination of the Participant’s employment with, or performance of services for, the Company during the Restriction Period shall have
on such Award. 
 8.6 Dividend Equivalents. The Committee may grant Dividend Equivalents to Participants in
connection with Awards of Restricted Stock Units. The Committee may provide, at the date of grant or thereafter, that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional shares of
Common Stock, or other investment vehicles as the Committee may specify; provided that, unless otherwise determined by the Committee, Dividend Equivalents shall be subject to all conditions and restrictions of the underlying Restricted Stock Units
to which they relate. 
 8.7 Restrictions and Conditions. The Restricted Stock or Restricted Stock Units awarded
pursuant to the Plan shall be subject to the following restrictions and conditions: 
 (a) Restriction Period.
(i) The Participant shall not be permitted to Transfer shares of Restricted Stock or Restricted Stock Units awarded under the Plan during the Restriction Period and the Award Agreement shall set forth a vesting schedule and any event that would
accelerate vesting of the shares of Restricted Stock or Restricted Stock Units. Within these limits, based on service, attainment of Performance Goals and/or such other factors or criteria as the Committee may determine in its sole discretion, the
Committee may condition the grant or provide for the lapse of such restrictions in installments in whole or in part, or may accelerate the vesting of all or any part of any Restricted Stock or Restricted Stock Unit Award and/or waive the deferral
limitations for all or any part of any Restricted Stock or Restricted Stock Unit Award. 
 (ii) If the grant of shares of
Restricted Stock or Restricted Stock Units or the lapse of restrictions is based on the attainment of Performance Goals, the Committee shall establish the objective Performance Goals and the applicable vesting percentage of the Restricted Stock or
Restricted Stock Units applicable to each Participant or class of Participants in writing prior to the beginning of the applicable fiscal year or at such later date as otherwise determined by the Committee and while the outcome of the Performance
Goals are substantially uncertain. Such Performance Goals may incorporate provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including, without limitation, dispositions and acquisitions) and other
similar type events or circumstances. With regard to a Restricted Stock or Restricted Stock Unit Award that is intended to comply with Section 162(m) of the Code, to the extent that any such provision would create impermissible discretion under
Section 162(m) of the Code or otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect. 
 ARTICLE IX 
 PERFORMANCE AWARDS 

9.1 Performance Awards. The Committee may grant a Performance Award which shall consist of a right that is
(i) denominated and/or payable in cash, shares of Common Stock or any other form of Award issuable under this Plan (or any combination thereof) (other than Stock Options or Stock Appreciation Rights), (ii) valued, as determined by the
Committee, in accordance with the achievement of such Performance Goals applicable to such Performance Periods as the Committee shall establish and (iii) payable at such time and in such form as the Committee shall determine. The Committee
may award Performance Awards that are intended to be performance-based compensation under Section 162(m) of the Code. Unless otherwise determined by the Committee, any such Performance Award shall be evidenced by an Award Agreement
containing the terms of the Award, including, but not limited to, the performance criteria and such terms and conditions as may be determined, from time to time, by the Committee, in each case, not inconsistent with this Plan. In
relation to any Performance Award, the Performance Period may consist of one or more calendar years or other fiscal period of at least 12 months in length for which performance is being measured. 

  
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 Unless otherwise determined by the Committee at grant, each Performance Award shall provide
that in the event the Participant engages in Detrimental Activity prior to, or during the one-year period after, any vesting of the Performance Award, the Committee may direct (at any time within one year thereafter) that all of the unvested portion
of the Performance Award shall be immediately forfeited to the Company and that the Participant shall pay over to the Company an amount equal to any gain that the Participant realized from any Performance Award that had vested in the period referred
to above. The foregoing provision shall cease to apply upon a Change in Control. 
 With respect to Performance Awards that are
intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall condition the right to payment of any Performance Award upon the attainment of objective Performance Goals established
pursuant to Section 9.2(c). 
 9.2 Terms and Conditions. Performance Awards awarded pursuant to this Article
IX shall be subject to the following terms and conditions: 
 (a) Earning of Performance Award. At the expiration of the
applicable Performance Period, the Committee shall determine the extent to which the Performance Goals established pursuant to Section 9.2(c) are achieved and the percentage of each Performance Award that has been earned. 

(b) Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, Performance Awards may not be
Transferred during the Performance Period. 
 (c) Objective Performance Goals, Formulas or Standards. With respect to
Performance Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall establish the objective Performance Goals for the earning of Performance Awards based on a
Performance Period applicable to each Participant or class of Participants in writing prior to the beginning of the applicable Performance Period or at such later date as permitted under Section 162(m) of the Code and while the outcome of the
Performance Goals are substantially uncertain. Such Performance Goals may incorporate, if and only to the extent permitted under Section 162(m) of the Code, provisions for disregarding (or adjusting for) changes in accounting methods, corporate
transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. To the extent that any such provision would create impermissible discretion under Section 162(m) of the Code or
otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect, with respect to Performance Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code.

 (d) Dividends. Unless otherwise determined by the Committee at the time of grant, amounts equal to dividends declared
during the Performance Period with respect to the number of shares of Common Stock covered by a Performance Award will not be paid to the Participant. 
 (e) Payment. Following the Committee’s determination in accordance with Section 9.2(a), the Company shall settle Performance Awards, in such form (including, without limitation, in shares
of Common Stock or in cash) as determined by the Committee, in an amount equal to such Participant’s earned Performance Awards. Notwithstanding the foregoing, the Committee may, in its sole discretion, award an amount less than the earned
Performance Awards and/or subject the payment of all or part of any Performance Award to additional vesting, forfeiture and deferral conditions as it deems appropriate. 
 (f) Termination. Subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for any reason during the Performance Period for a given Performance
Award, the Performance Award in question will vest or be forfeited in accordance with the terms and conditions established by the Committee at grant. 

  
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 (g) Accelerated Vesting. Subject to any applicable limitations for performance-based
compensation under Section 162(m) of the Code, the Committee may, at or after grant, accelerate the vesting of all or any part of any Performance Award based on service, performance and/or such other factors or criteria, if any, as the
Committee may determine. 
 ARTICLE X 
 OTHER STOCK-BASED AND CASH-BASED AWARDS 
 10.1 Other Stock-Based
Awards. The Committee is authorized to grant to Eligible Individuals Other Stock-Based Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to shares
of Common Stock, including but not limited to, shares of Common Stock awarded purely as a bonus and not subject to restrictions or conditions, shares of Common Stock in payment of the amounts due under an incentive or performance plan sponsored or
maintained by the Company or an Affiliate, Dividend Equivalents, other stock equivalent units, and Awards valued by reference to book value of shares of Common Stock. Other Stock-Based Awards may be granted either alone or in addition to or in
tandem with other Awards granted under the Plan. 
 Subject to the provisions of the Plan, the Committee shall have authority to
determine the Eligible Individuals, to whom, and the time or times at which, such Awards shall be made, the number of shares of Common Stock to be awarded pursuant to such Awards, and all other conditions of the Awards. The Committee may also
provide for the grant of Common Stock under such Awards upon the completion of a specified Performance Period. 
 The Committee
may condition the grant or vesting of Other Stock-Based Awards upon the attainment of specified Performance Goals as the Committee may determine, in its sole discretion; provided that to the extent that such Other Stock-Based Awards are intended to
comply with Section 162(m) of the Code, the Committee shall establish the objective Performance Goals for the grant or vesting of such Other Stock-Based Awards based on a Performance Period applicable to each Participant or class of
Participants in writing prior to the beginning of the applicable Performance Period or at such later date as permitted under Section 162(m) of the Code and while the outcome of the Performance Goals are substantially uncertain. Such Performance
Goals may incorporate, if and only to the extent permitted under Section 162(m) of the Code, provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including, without limitation, dispositions and
acquisitions) and other similar type events or circumstances. To the extent that any such provision would create impermissible discretion under Section 162(m) of the Code or otherwise violate Section 162(m) of the Code, such provision
shall be of no force or effect, with respect to Performance Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code. 

10.2 Terms and Conditions. Other Stock-Based Awards made pursuant to this Article X shall be subject to the following terms
and conditions: 
 (a) Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan,
shares of Common Stock subject to Awards made under this Article X may not be Transferred prior to the date on which the shares are issued, or, if later, the date on which any applicable restriction, performance or deferral period lapses.

 (b) Dividends. Unless otherwise determined by the Committee at the time of Award, subject to the provisions of the
Award Agreement and the Plan, the recipient of an Award under this Article X shall not be entitled to receive, currently or on a deferred basis, dividends or Dividend Equivalents with respect to the number of shares of Common Stock covered by the
Award. 
 (c) Vesting. Any Award under this Article X and any Common Stock covered by any such Award shall vest or be
forfeited to the extent so provided in the Award Agreement, as determined by the Committee, in its sole discretion. 

  
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 (d) Price. Common Stock issued on a bonus basis under this Article X may be issued
for no cash consideration. Common Stock purchased pursuant to a purchase right awarded under this Article X shall be priced, as determined by the Committee in its sole discretion. 

10.3 Other Cash-Based Awards. The Committee may from time to time grant Other Cash-Based Awards to Eligible Individuals in
such amounts, on such terms and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by applicable law, as it shall determine in its sole discretion. Other Cash-Based Awards may be
granted subject to the satisfaction of vesting conditions or may be awarded purely as a bonus and not subject to restrictions or conditions, and if subject to vesting conditions, the Committee may accelerate the vesting of such Awards at any time in
its sole discretion. The grant of an Other Cash-Based Award shall not require a segregation of any of the Company’s assets for satisfaction of the Company’s payment obligation thereunder. 

The Committee may condition the grant or vesting of Other Cash-Based Awards upon the attainment of specified Performance Goals as the
Committee may determine, in its sole discretion; provided that to the extent that such Other Cash-Based Awards are intended to comply with Section 162(m) of the Code, the Committee shall establish the objective Performance Goals for the grant
or vesting of such Other Cash-Based Awards based on a Performance Period applicable to each Participant or class of Participants in writing prior to the beginning of the applicable Performance Period or at such later date as permitted under
Section 162(m) of the Code and while the outcome of the Performance Goals are substantially uncertain. Such Performance Goals may incorporate, if and only to the extent permitted under Section 162(m) of the Code, provisions for
disregarding (or adjusting for) changes in accounting methods, corporate transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. To the extent that any such provision would create
impermissible discretion under Section 162(m) of the Code or otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect, with respect to Performance Awards that are intended to qualify as
“performance-based compensation” under Section 162(m) of the Code. 
 10.4 Detrimental Activity.
Unless otherwise determined by the Committee at grant, the Award Agreement shall provide that (i) in the event that the Participant engages in Detrimental Activity prior to any exercise, distribution or settlement of any Other Stock-Based Award
and/or Other Cash-Based Award, such Other Stock-Based Awards and/or Other Cash-Based Awards held by the Participant shall thereupon terminate and expire, (ii) as a condition of the exercise, distribution or settlement of an Other Stock-Based
Award and/or Other Cash-Based Award, the Participant shall be required to certify (or shall be deemed to have certified) at the time of such exercise, distribution or settlement in a manner acceptable to the Company that the Participant is in
compliance with the terms and conditions of the Plan and that the Participant has not engaged in, and does not intend to engage in, any Detrimental Activity, and (iii) in the event that the Participant engages in Detrimental Activity during the
one-year period commencing on the date of exercise, distribution, or settlement of an Other Stock-Based Award and/or Other Cash-Based Award, the Company shall be entitled to recover from the Participant at any time within one year after such
exercise, settlement, or distribution, and the Participant shall pay over to the Company, an amount equal to any gain realized as a result of the exercise, distribution or settlement (whether at the time of exercise, distribution or settlement or
thereafter). The foregoing provisions described in subsections (i), (ii) and (iii) shall cease to apply upon a Change in Control. 
 ARTICLE XI 
 CHANGE IN CONTROL PROVISIONS 

11.1 Benefits. In the event of a Change in Control of the Company (as defined below), and except as otherwise provided by
the Committee in an Award Agreement, a Participant’s unvested Award shall not vest and a Participant’s Award shall be treated in accordance with one of the following methods as determined by the Committee: 

(a) Awards, whether or not then vested, shall be continued, assumed, have new rights substituted therefore or be treated in accordance
with Section 4.2(d) hereof, as determined by the Committee, and 

  
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restrictions to which shares of Restricted Stock or any other Award granted prior to the Change in Control are subject shall not lapse upon a Change in Control and the Restricted Stock or other
Award shall, where appropriate in the sole discretion of the Committee, receive the same distribution as other Common Stock on such terms as determined by the Committee; provided that the Committee may decide to award additional Restricted Stock or
other Awards in lieu of any cash distribution. Notwithstanding anything to the contrary herein, for purposes of Incentive Stock Options, any assumed or substituted Stock Option shall comply with the requirements of Treasury Regulation
Section 1.424-1 (and any amendment thereto). 
 (b) The Committee, in its sole discretion, may provide for the purchase of
any Awards by the Company or an Affiliate for an amount of cash equal to the excess of the Change in Control Price (as defined below) of the shares of Common Stock covered by such Awards, over the aggregate exercise price of such Awards. For
purposes of this Section 11.1, “Change in Control Price” shall mean the highest price per share of Common Stock paid in any transaction related to a Change in Control of the Company. 

(c) Notwithstanding any other provision herein to the contrary, the Committee may, in its sole discretion, provide for accelerated
vesting or lapse of restrictions, of an Award at any time. 
 11.2 Change in Control. Unless otherwise determined
by the Committee in the applicable Award Agreement or other written agreement approved by the Committee, a “Change in Control” shall be deemed to occur if: 
 (a) any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any trustee or other fiduciary holding securities under any employee benefit plan
of the Company, or any company owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of Common Stock of the Company), becoming the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities; 

(b) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board, and any new
director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in paragraph (a), (c), or (d) of this Section 11.2 or a director whose initial assumption of office
occurs as a result of either an actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board) whose election by the Board or nomination for election by the
Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the
two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority of the Board; 

(c) a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of the combined voting power of the
voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; provided, however, that a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction)
in which no person (other than those covered by the exceptions in Section 11.2(a)) acquires more than 50% of the combined voting power of the Company’s then outstanding securities shall not constitute a Change in Control of the Company; or

 (d) a complete liquidation or dissolution of the Company or the consummation of a sale or disposition by the Company of all
or substantially all of the Company’s assets other than the sale or disposition of all or substantially all of the assets of the Company to a person or persons who beneficially own, directly or indirectly, 50% or more of the combined voting
power of the outstanding voting securities of the Company at the time of the sale. 

  
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 (e) Notwithstanding the foregoing, with respect to any Award that is characterized as
“non-qualified deferred compensation” within the meaning of Section 409A of the Code, an event shall not be considered to be a Change in Control under the Plan unless such event is also a “change in ownership,” a
“change in effective control” or a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A of the Code. 

ARTICLE XII 

TERMINATION OR AMENDMENT OF PLAN 
 12.1 Termination or Amendment. Notwithstanding any other provision of the Plan, the Board may at any time, and from time to time, amend, in whole or in part, any or all of the provisions of
the Plan (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Article XIV or Section 409A of the Code), or suspend or terminate it entirely, retroactively or otherwise;
provided, however, that, unless otherwise required by law or specifically provided herein, the rights of a Participant with respect to Awards granted prior to such amendment, suspension or termination, may not be materially impaired without the
consent of such Participant and, provided further, that without the approval of the holders of the Company’s Common Stock entitled to vote in accordance with applicable law, no amendment may be made that would (i) increase the aggregate
number of shares of Common Stock that may be issued under the Plan (except by operation of Section 4.2); (ii) increase the maximum individual Participant limitations for a fiscal year under Section 4.1(b) and (c) (except by
operation of Section 4.2); (iii) change the classification of individuals eligible to receive Awards under the Plan; (iv) extend the maximum option period under Section 6.4; (v) alter the Performance Goals for Restricted
Stock, Restricted Stock Units, Performance Awards or Other Stock-Based Awards as set forth in Exhibit A hereto; or (vi) require stockholder approval in order for the Plan to continue to comply with the applicable provisions of
Section 162(m) of the Code or, to the extent applicable to Incentive Stock Options, Section 422 of the Code. In no event may the Plan be amended without the approval of the stockholders of the Company in accordance with the applicable laws
of the State of Delaware to increase the aggregate number of shares of Common Stock that may be issued under the Plan, decrease the minimum exercise price of any Award, or to make any other amendment that would require stockholder approval under
Financial Industry Regulatory Authority (FINRA) rules and regulations or the rules of any exchange or system on which the Company’s securities are listed or traded at the request of the Company. Notwithstanding anything herein to the contrary,
the Board may amend the Plan or any Award Agreement at any time without a Participant’s consent to comply with applicable law including Section 409A of the Code. Except in connection with a corporate transaction involving the Company
(including, without limitation, any stock dividend, distribution (whether in the form of cash, Common Stock or other property), stock split, extraordinary cash dividend, recapitalization, Change in Control, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase or exchange of Common Stock, or similar transaction(s)), the terms of outstanding Stock Options or Stock Appreciation Rights may not be amended to reduce the exercise price of such outstanding Stock
Options or Stock Appreciation Rights or cancel outstanding Stock Options or Stock Appreciation Rights in exchange for cash, other Awards or Stock Options or Stock Appreciation Rights with an exercise price that is less than the exercise price of the
original Stock Options or Stock Appreciation Rights without obtaining stockholder approval. 
 The Committee may amend the terms
of any Award theretofore granted, prospectively or retroactively, but, subject to Article IV or as otherwise specifically provided herein, no such amendment or other action by the Committee shall materially impair the rights of any holder without
the holder’s consent. 
 ARTICLE XIII 
 UNFUNDED STATUS OF PLAN 
 The Plan is intended to constitute an
“unfunded” plan for incentive and deferred compensation. With respect to any payment as to which a Participant has a fixed and vested interest but which are not yet made to a Participant by the Company, nothing contained herein shall give
any such Participant any right that is greater than those of a general unsecured creditor of the Company. 

  
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 ARTICLE XIV 
 GENERAL PROVISIONS 
 14.1 Legend. The Committee may require
each person receiving shares of Common Stock pursuant to a Stock Option or other Award under the Plan to represent to and agree with the Company in writing that the Participant is acquiring the shares without a view to distribution thereof. In
addition to any legend required by the Plan, the certificates (or other evidence of ownership) for such shares may include any legend that the Committee deems appropriate to reflect any restrictions on Transfer. All certificates (or other evidence
of ownership) for shares of Common Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities and
Exchange Commission, any stock exchange upon which the Common Stock is then listed or any national securities exchange system upon whose system the Common Stock is then quoted, any applicable federal or state securities law, and any applicable
corporate law, and the Committee may cause a legend or legends to be put on any such certificates (or other evidence of ownership) to make appropriate reference to such restrictions. 

14.2 Other Plans. Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation
arrangements, subject to stockholder approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases. 
 14.3 No Right to Employment/Directorship/Consultancy. Neither the Plan nor the grant of any Option or other Award hereunder shall give any Participant or other employee, Consultant or
Non-Employee Director any right with respect to continuance of employment, consultancy or directorship by the Company or any Affiliate, nor shall there be a limitation in any way on the right of the Company or any Affiliate by which an employee is
employed or a Consultant or Non-Employee Director is retained to terminate his or her employment, consultancy or directorship at any time. 
 14.4 Withholding of Taxes. The Company shall have the right to deduct from any payment to be made pursuant to the Plan, or to otherwise require, prior to the issuance or delivery of shares
of Common Stock or the payment of any cash hereunder, payment by the Participant of, any federal, state or local taxes required by law to be withheld. Upon the vesting of Restricted Stock (or other Award that is taxable upon vesting), or upon making
an election under Section 83(b) of the Code, a Participant shall pay all required withholding to the Company. Any statutorily required withholding obligation with regard to any Participant may be satisfied, subject to the consent of the
Committee, by reducing the number of shares of Common Stock otherwise deliverable or by delivering shares of Common Stock already owned. Any fraction of a share of Common Stock required to satisfy such tax obligations shall be disregarded and the
amount due shall be paid instead in cash by the Participant. 
 14.5 No Assignment of Benefits. No Award or other
benefit payable under the Plan shall, except as otherwise specifically provided by law or permitted by the Committee, be Transferable in any manner, and any attempt to Transfer any such benefit shall be void, and any such benefit shall not in any
manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of any person who shall be entitled to such benefit, nor shall it be subject to attachment or legal process for or against such person. 

14.6 Listing and Other Conditions. 
 (a) Unless otherwise determined by the Committee, as long as the Common Stock is listed on a national securities exchange or system sponsored by a national securities association, the issuance of shares
of Common Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange or system. The Company shall have no obligation to issue such shares unless and until such shares are so listed, and the right to exercise any
Option or other Award with respect to such shares shall be suspended until such listing has been effected. 

  
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 (b) If at any time counsel to the Company shall be of the opinion that any sale or delivery
of shares of Common Stock pursuant to an Option or other Award is or may in the circumstances be unlawful or result in the imposition of excise taxes on the Company under the statutes, rules or regulations of any applicable jurisdiction, the Company
shall have no obligation to make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act or otherwise, with respect to shares of Common Stock or Awards, and the right
to exercise any Option or other Award shall be suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company. 

(c) Upon termination of any period of suspension under this Section 14.6, any Award affected by such suspension which shall not then
have expired or terminated shall be reinstated as to all shares available before such suspension and as to shares which would otherwise have become available during the period of such suspension, but no such suspension shall extend the term of any
Award. 
 (d) A Participant shall be required to supply the Company with certificates, representations and information that the
Company requests and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent or approval the Company deems necessary or appropriate. 

14.7 Governing Law. The Plan and actions taken in connection herewith shall be governed and construed in accordance with
the laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws). 
 14.8 Jurisdiction; Waiver of Jury Trial. Any suit, action or proceeding with respect to the Plan or any Award Agreement, or any judgment entered by any court of competent jurisdiction in
respect of any thereof, shall be resolved only in the courts of the State of Delaware or the United States District Court for the District of Delaware and the appellate courts having jurisdiction of appeals in such courts. In that context, and
without limiting the generality of the foregoing, the Company and each Participant shall irrevocably and unconditionally (a) submit in any proceeding relating to the Plan or any Award Agreement, or for the recognition and enforcement of any
judgment in respect thereof (a “Proceeding”), to the exclusive jurisdiction of the courts of the State of Delaware, the court of the United States of America for the District of Delaware, and appellate courts having jurisdiction of
appeals from any of the foregoing, and agree that all claims in respect of any such Proceeding shall be heard and determined in such Delaware State court or, to the extent permitted by law, in such federal court, (b) consent that any such
Proceeding may and shall be brought in such courts and waives any objection that the Company and each Participant may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court or that such Proceeding was brought in
an inconvenient court and agree not to plead or claim the same, (c) waive all right to trial by jury in any Proceeding (whether based on contract, tort or otherwise) arising out of or relating to the Plan or any Award Agreement, (d) agree
that service of process in any such Proceeding may be effected by mailing a copy of such process by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party, in the case of a Participant, at the
Participant’s address shown in the books and records of the Company or, in the case of the Company, at the Company’s principal offices, attention General Counsel, and (e) agree that nothing in the Plan shall affect the right to effect
service of process in any other manner permitted by the laws of the State of Delaware. 
 14.9 Construction.
Wherever any words are used in the Plan in the masculine gender they shall be construed as though they were also used in the feminine gender in all cases where they would so apply, and wherever words are used herein in the singular form they shall
be construed as though they were also used in the plural form in all cases where they would so apply. 
 14.10 Other
Benefits. No Award granted or paid out under the Plan shall be deemed compensation for purposes of computing benefits under any retirement plan of the Company or its Affiliates nor affect any benefit under any other benefit plan now or
subsequently in effect under which the availability or amount of benefits is related to the level of compensation. 

  
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 14.11 Costs. The Company shall bear all expenses associated with administering
this Plan, including expenses of issuing Common Stock pursuant to Awards hereunder. 
 14.12 No Right to Same
Benefits. The provisions of Awards need not be the same with respect to each Participant, and such Awards to individual Participants need not be the same in subsequent years. 

14.13 Death/Disability. The Committee may in its discretion require the transferee of a Participant to supply it with
written notice of the Participant’s death or Disability and to supply it with a copy of the will (in the case of the Participant’s death) or such other evidence as the Committee deems necessary to establish the validity of the transfer of
an Award. The Committee may also require that the agreement of the transferee to be bound by all of the terms and conditions of the Plan. 
 14.14 Section 16(b) of the Exchange Act. All elections and transactions under the Plan by persons subject to Section 16 of the Exchange Act involving shares of Common Stock are
intended to comply with any applicable exemptive condition under Rule 16b-3. The Committee may establish and adopt written administrative guidelines, designed to facilitate compliance with Section 16(b) of the Exchange Act, as it may deem
necessary or proper for the administration and operation of the Plan and the transaction of business thereunder. 
 14.15
Section 409A of the Code. The Plan is intended to comply with the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent. To the extent that any Award
is subject to Section 409A of the Code, it shall be paid in a manner that will comply with Section 409A of the Code, including proposed, temporary or final regulations or any other guidance issued by the Secretary of the Treasury and the
Internal Revenue Service with respect thereto. Notwithstanding anything herein to the contrary, any provision in the Plan that is inconsistent with Section 409A of the Code shall be deemed to be amended to comply with Section 409A of the
Code and to the extent such provision cannot be amended to comply therewith, such provision shall be null and void. The Company shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or
compliant with, Section 409A of the Code is not so exempt or compliant or for any action taken by the Committee or the Company and, in the event that any amount or benefit under the Plan becomes subject to penalties under Section 409A of
the Code, responsibility for payment of such penalties shall rest solely with the affected Participants and not with the Company. Notwithstanding any contrary provision in the Plan or Award Agreement, any payment(s) of “nonqualified deferred
compensation” (within the meaning of Section 409A of the Code) that are otherwise required to be made under the Plan to a “specified employee” (as defined under Section 409A of the Code) as a result of his or her separation
from service (other than a payment that is not subject to Section 409A of the Code) shall be delayed for the first six (6) months following such separation from service (or, if earlier, the date of death of the specified employee) and
shall instead be paid (in a manner set forth in the Award Agreement) on the payment date that immediately follows the end of such six month period or as soon as administratively practicable thereafter. 

14.16 Successor and Assigns. The Plan shall be binding on all successors and permitted assigns of a Participant, including,
without limitation, the estate of such Participant and the executor, administrator or trustee of such estate. 
 14.17
Severability of Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and the Plan shall be construed and enforced as if such
provisions had not been included. 
 14.18 Payments to Minors, Etc. Any benefit payable to or for the benefit of a
minor, an incompetent person or other person incapable of receipt thereof shall be deemed paid when paid to such person’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall
fully discharge the Committee, the Board, the Company, its Affiliates and their employees, agents and representatives with respect thereto. 

  
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 14.19 Agreement. As a condition to the grant of an Award, if requested by the
Company and the lead underwriter of any public offering of the Common Stock (the “Lead Underwriter”), a Participant shall irrevocably agree not to sell, contract to sell, grant any option to purchase, transfer the economic
risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any interest in any Common Stock or any securities convertible into, derivative of, or exchangeable or exercisable for, or any other rights to purchase or
acquire Common Stock (except Common Stock included in such public offering or acquired on the public market after such offering) during such period of time following the effective date of a registration statement of the Company filed under the
Securities Act that the Lead Underwriter shall specify (the “Lock-Up Period”). The Participant shall further agree to sign such documents as may be requested by the Lead Underwriter to effect
the foregoing and agree that the Company may impose stop-transfer instructions with respect to Common Stock acquired pursuant to an Award until the end of such Lock-Up Period. 

14.20 Headings and Captions. The headings and captions herein are provided for reference and convenience only, shall not be
considered part of the Plan, and shall not be employed in the construction of the Plan. 
 14.21 Clawback.
Notwithstanding any other provisions of this Plan, any Award granted hereunder which is or becomes subject to recovery under any Company policy adopted hereafter and required by law, regulation or stock exchange listing requirement, shall be subject
to such deductions, recoupment, and clawback as may be required to be made pursuant to such Company policy. 
 ARTICLE XV

 EFFECTIVE DATE OF PLAN 
 The Plan originally became effective on November 13, 2009. The Plan, as amended and restated, shall become effective subject to approval and adoption of the Plan, as amended and restated, by the
Company’s stockholders at the Company’s annual meeting of stockholders to be held on June 7, 2013. If this amendment and restatement of the Plan is not so approved at such meeting, then the Plan as in effect immediately prior to
June 7, 2013 shall remain in effect. 
 ARTICLE XVI 

TERM OF PLAN 
 No Award shall be granted pursuant to the Plan on or after the tenth anniversary of the date that the Plan is approved by the Company’s stockholders, but Awards granted prior to such tenth
anniversary may extend beyond that date. 
 ARTICLE XVII 

NAME OF PLAN 
 This Plan shall be known as the “rue21, inc. Amended and Restated 2009 Omnibus Incentive Plan.” 

  
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 EXHIBIT A 
 PERFORMANCE GOALS 
 To the extent permitted under Section 162(m) of
the Code, performance goals established for purposes of Awards intended to be “performance-based compensation” under Section 162(m) of the Code, shall be conditioned upon the achievement of objective, pre-established goals relating to
one or more of the following performance measures, as determined in writing by the Committee and subject to such modifications as specified by the Committee: 
  

	 	•	 	 earnings per share, diluted or basic; 

  

	 	•	 	 operating income; 

  

	 	•	 	 gross income; 

  

	 	•	 	 net income (before or after taxes); 

  

	 	•	 	 same store sales; 

  

	 	•	 	 cash flow; 

  

	 	•	 	 gross profit; 

  

	 	•	 	 gross profit return on investment; 

  

	 	•	 	 gross margin return on investment; 

  

	 	•	 	 gross margin; 

  

	 	•	 	 operating margin; 

  

	 	•	 	 working capital; 

  

	 	•	 	 capital expenditures; 

  

	 	•	 	 earnings before interest and taxes; 

  

	 	•	 	 earnings before interest, taxes, depreciation and amortization; 

 

	 	•	 	 return on equity; 

  

	 	•	 	 return on assets; 

  

	 	•	 	 return on capital; 

  

	 	•	 	 return on invested capital; 

  

	 	•	 	 net revenues; 

  

	 	•	 	 gross revenues; 

  

	 	•	 	 revenue growth; 

  

	 	•	 	 annual recurring revenues; 

  

	 	•	 	 recurring revenues; 

  

	 	•	 	 license revenues; 

  

	 	•	 	 sales or market share; 

  

	 	•	 	 total stockholder return; 

  

	 	•	 	 stock price; 

  

	 	•	 	 economic value added; 

  
 A-26

	 	•	 	 specified objectives with regard to limiting the level of increase in all or a portion of the Company’s bank debt or other long-term or short-term
public or private debt or other similar financial obligations of the Company, which may be calculated net of cash balances and/or other offsets and adjustments as may be established by the Committee in its sole discretion;

  

	 	•	 	 the growth in the value of an investment in the Common Stock assuming the reinvestment of dividends; 

 

	 	•	 	 reduction in operating expenses and/or shrink costs; 

  

	 	•	 	 growth in assets; 

  

	 	•	 	 geographic expansion goals; 

  

	 	•	 	 expense reduction levels and/or cost targets; 

  

	 	•	 	 debt rating; 

  

	 	•	 	 work force satisfaction and/or diversity goals; 

  

	 	•	 	 employee retention; 

  

	 	•	 	 customer satisfaction; 

  

	 	•	 	 implementation or completion of projects or processes; 

 

	 	•	 	 strategic plan development and implementation; 

  

	 	•	 	 business expansion (including acquisitions); 

  

	 	•	 	 internal rate of return or net present value; 

  

	 	•	 	 productivity measures; 

  

	 	•	 	 comparable store sales; 

  

	 	•	 	 merchandise margin; 

  

	 	•	 	 inventory turns; 

  

	 	•	 	 individual performance goals; 

  

	 	•	 	 brand recognition; or 

  

	 	•	 	 operating efficiency. 

 With respect to Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the Code, the
Committee may, in its sole discretion, also include or exclude, or adjust to reflect, the impact of an event or occurrence that the Committee determines should be appropriately included, excluded or adjusted, including the following: 

(a) restructurings, discontinued operations, extraordinary items or events, and other unusual or non-recurring charges as described in
Accounting Principles Board Opinion No. 30 and/or management’s discussion and analysis of financial condition and results of operations or the financial statements and/or notes thereto appearing or incorporated by reference in the
Company’s Form 10-K for the applicable year; 
 (b) an event either not directly related to the operations of the Company
or not within the reasonable control of the Company’s management; 
 (c) a change in tax law or accounting standards
required by generally accepted accounting principles; 
 (d) impairment of tangible or intangible assets; 

(e) asset write-downs; 

  
 A-27

 (f) litigation or claim judgments or settlements; 

(g) acquisitions or divestitures; 
 (h) gains or losses on the sale of assets; 
 (i) foreign exchange gains and/or
losses; 
 (j) changes in tax laws, accounting standards required by generally accepted accounting principles or other such laws
or provisions affecting reported results; 
 (k) business combinations, discontinued operations, reorganizations and/or
restructuring programs, including but not limited to, reductions in force and early retirement incentives; and 
 (l) currency
fluctuations. 
 In addition, such performance goals may be based upon the attainment of specified levels of Company (or
Subsidiary, division, other operational unit, administrative department, or product category of the Company) performance under one or more of the measures described above or relative to the performance of other corporations. With respect to Awards
that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the Code, but only to the extent permitted under Section 162(m) of the Code
(including, without limitation, compliance with any requirements for stockholder approval), the Committee may also: 
 (a)
designate additional business criteria on which the performance goals may be based; or 
 (b) adjust, modify or amend the
aforementioned business criteria. 

  
 A-28

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