Document:

Director Designation and Voting Agreement

 Exhibit 10.1 
 DIRECTOR DESIGNATION AND VOTING AGREEMENT 
 THIS DIRECTOR DESIGNATION AND VOTING AGREEMENT dated as
of April 25, 2008 (this “Agreement”), is among Intrepid Potash, Inc., a Delaware corporation (“Intrepid”), Harvey Operating and Production Company, a Colorado corporation (“HOPCO”), Intrepid
Production Corporation, a Colorado corporation (“IPC”), and Potash Acquisition, LLC, a Delaware limited liability company (“PAL” and, collectively with HOPCO and IPC, the “Founding Stockholders”).
Certain terms used in this Agreement are defined in Section 1.1. 
 RECITALS 
 A. As of the date of this Agreement, the Founding Stockholders own all of the outstanding membership units of Intrepid Mining LLC, a Delaware limited
liability company (“Intrepid LLC”). 
 B. Pursuant to the terms and subject to the conditions of an Exchange Agreement dated
as of April 21, 2008, between Intrepid and Intrepid LLC, it is contemplated that Intrepid will acquire substantially all of the assets of Intrepid LLC in exchange for shares of Common Stock and a cash payment (the “Exchange”).

 C. Intrepid is contemplating an offer and sale of shares of its Common Stock to the public in an underwritten initial public offering (the
“IPO”) simultaneously with closing the consummation of the Exchange. 
 D. It is also contemplated that, immediately
following the consummation of the Exchange and the closing of the IPO, Intrepid LLC will satisfy its outstanding liabilities, liquidate and distribute all of its cash and shares of Common Stock to the Founding Stockholders (the
“Distribution”). 
 E. The Founding Stockholders and Intrepid wish to set forth certain understandings with respect to the
Founding Stockholders’ holdings of Common Stock (including such shares of Common Stock contemplated to be received in the Distribution). 
 F. The Certificate of Incorporation of Intrepid (the “Charter”) provides that Intrepid shall have a staggered board of directors (the “Board”) that consists of three classes of directors and that the term
of one class of directors will expire at each annual meeting of the stockholders of Intrepid (the “Annual Meetings”). 

 AGREEMENT 
 In consideration of the covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Intrepid and the Founding Stockholders agree
as follows. 
 1. Definitions 
 1.1 Certain Definitions. For purposes of this Agreement, the following terms shall have the meanings specified in this Section 1.1: 
 “Affiliate” means any person that directly or indirectly through one or more intermediaries controls or is controlled by or is under common control with the specified person. As used in this
definition of “Affiliate,” (i) the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of
voting securities, by contract, or otherwise, and (ii) the term “person” means any individual, corporation, association, partnership, limited liability company, joint venture, trust, estate or other entity or organization. 

“Common Stock” means the common stock, par value $0.001 per share, of Intrepid. 
 “Director” means a member of the Board. 
 “Nominating Committee” means the nominating/governance committee of the Board. 
 “Permitted Transferee” means (i) in the case of HOPCO , Hugh E. Harvey, Jr. and, in the case of IPC, Robert P. Jornayvaz III, any of their respective Affiliates, and (A) a spouse or lineal descendant (whether
natural or adopted), sibling, parent, heir, executor, administrator, testamentary trustee, lifetime trustee or legatee of Harvey or Jornayvaz, (B) any trust, the majority of trustees of which include only Harvey or Jornayvaz or persons named in
clause (A) and the beneficiaries of which include only the persons named in clause (A), (C) any corporation, limited liability company or partnership, the stockholders, members or general or limited partners of which include only the
persons named in clause (A), (D) in the case of a trust, the beneficiary or beneficiaries authorized or entitled to receive distributions from such trust, and all subsequent trusts that may result from the division of such trust into two
or more separate trusts, or any trust resulting from the combination of two or more of such trusts into a single trust, (E) any foundation or other entity established by Harvey or Jornayvaz for charitable purposes, and (ii) in the case of
PAL, any of (A) an Affiliate of PAL and (B) the owners of equity interests in PAL or its parent entities provided the Transfer of Common Stock is substantially in accordance with their respective equity interests in PAL or such parent.

  

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 “Registration Statement” means the registration statement filed with the Securities
Exchange Commission on December 20, 2007 on Form S-1 in relation to the IPO, as amended. 
 “Retiring Director”
means any Director whose term expires at the next Annual Meeting pursuant to the terms of the Charter. 
 “Transfer” means,
with respect to any share of Common Stock (or direct or indirect economic or other interest therein), a transfer, sale, assignment, pledge, hypothecation or other disposition, whether directly or indirectly (pursuant to the creation of a derivative
security or otherwise), the grant of an option or other right or the imposition of a restriction on disposition or voting or by operation of law. When used as a verb, “Transfer” shall have the correlative meaning. 
 2. Nominee Designation 
 2.1 Nomination
Right. Subject to any limitations imposed by the New York Stock Exchange and the conditions set forth in this Section 2, each Founding Stockholder and its Affiliates and Permitted Transferees (as a group) shall have the right to designate
persons to be appointed or nominated for election to the Board as follows (each, a “Designee”): 
 (a) each
Founding Stockholder hereby designates the Designee named opposite such Founding Stockholder’s name below for appointment as an initial Director and each such Director shall belong to the respective class of directors whose initial terms shall
expire at the Annual Meeting indicated below: 
  

					
	 Founding Stockholder
	  	 Designee
	  	Annual Meeting
	 HOPCO
	  	Hugh E. Harvey, Jr.	  	2011
	 IPC
	  	Robert P. Jornayvaz III	  	2011
	 PAL
	  	J. Landis Martin	  	2010

 (b) at every Annual Meeting hereafter at which the term of a Director designated
by a Founding Stockholder in accordance with this Section 2.1 shall expire, such Founding Stockholder (and its Affiliates and Permitted Transferees, as a group) may name a Designee to be nominated for election to the Board in place of such
Retiring Director; provided that such Retiring Director may be named by the Founding Stockholder as its Designee for the succeeding term. 
  

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 (c) if a vacancy occurs because of the death, disability, retirement, resignation or
removal of a Director that was a Designee of a Founding Stockholder, such Founding Stockholder (and its Affiliates and Permitted Transferees, as a group) shall name a Designee to fill such vacancy as soon as reasonably practicable, and the Board,
subject to paragraph 2.4(b)(ii) below, shall elect the Designee to the Board to fill the vacancy. 
 2.2 Effect of Reduction
of Holdings. At such time as any Founding Stockholder and its Affiliates and Permitted Transferees no longer beneficially own at least five percent of the issued and outstanding shares of Common Stock (calculated on a fully diluted and as
converted basis, and adjusted to reflect any additional issuance of Common Stock or any split, dividend or other distribution by Intrepid to the holders of Common Stock), such Founding Stockholder (and its Affiliates and Permitted Transferees) shall
cease to have any rights of designation under Section 2.1 or right of approval under paragraph 2.4(c). 
 2.3 Personal
Right. Each Founding Stockholder’s rights under this Section 2 are personal to such Founding Stockholder (and its Affiliates and Permitted Transferees) and may not be assigned except in accordance with Section 7.3. 
 2.4 Intrepid Obligations. 
 (a) To the fullest extent permitted by law, Intrepid agrees to use its best efforts to assure that, with respect to each election of directors hereafter: 
 (i) the Founding Stockholders’ respective Designees are included in the Board’s slate of nominees and are recommended for
election by Intrepid; and 
 (ii) each such Designee is included in the proxy statement prepared by Intrepid in connection
with soliciting proxies for every meeting of the stockholders of Intrepid called with respect to such election, and at every adjournment or postponement thereof, and on every action or approval by written consent of the stockholders of Intrepid or
the Board with respect to such election. 
 (b) Notwithstanding anything herein to the contrary, Intrepid shall not be
obligated to cause to be nominated for election to the Board or recommend to the stockholders the election of any Designee if (i) such Designee fails to submit to Intrepid on a timely basis such questionnaires as Intrepid may require of its
directors generally and such other information as Intrepid may reasonably request, 

  

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or (ii) the Board or the Nominating Committee determines in good faith, after consultation with legal counsel, that such action would be inconsistent
with its fiduciary duties or applicable law; provided, however, that if the Board or the Nominating Committee determine in good faith, after consultation with legal counsel, that such action would be inconsistent with its fiduciary duties or
applicable law, Intrepid shall promptly, and sufficiently in advance of any meetings of the stockholders called with respect to such election of nominees, notify the applicable Founding Stockholder of such determination and permit the applicable
Founding Stockholder to provide an alternate Designee. 
 (c) For so long as any Founding Stockholder (or its Affiliates and
Permitted Transferees, as applicable) shall have any rights of designation under this Section 2, Intrepid shall not take any action to change the size of the Board to exceed seven members without the prior consent of Founding Shareholders (or
their respective Affiliates and Permitted Transferees, as applicable) that beneficially own a majority of the outstanding shares beneficially owned by all Founding Stockholders (and their Affiliates and Permitted Transferees). 
 3. Voting. To the fullest extent permitted by law, each Founding Stockholder agrees (a) to vote (and so long as shares of Common Stock are held by Intrepid
LLC to cause Intrepid LLC to vote) all its shares of Common Stock or any other equity securities of the Company, whether now owned or hereafter acquired or that such Founding Stockholder may be empowered to vote (or to act by written consent with
respect to such shares of Common Stock or other securities), from time to time and at all times, in favor of the election to the Board of each Designee, and (b) to not vote (nor act by written consent) in favor of any individual who is not
nominated by the Nominating Committee. 
 4. Transfer Limitations. 
 (a) Subject to Section 4(b), each Founding Stockholder agrees that it shall not Transfer, whether in a single transaction or a series
of related transactions, any of its shares of Common Stock (nor permit its Affiliates to Transfer any of their shares of Common Stock), if, to the actual knowledge of such Founding Stockholder immediately prior to such Transfer, the transferee (or
any group of which such transferee is a member) would, after giving effect to such Transfer, own or have rights to acquire in excess of five percent of the issued and outstanding shares of Common Stock. 
 (b) The Transfer limitations in Section 4(a) above shall not apply to, nor prohibit, any (i) Transfer from one Founding
Stockholder or its Affiliates to another Founding Stockholder or it is Affiliates or (ii) tender by any Founding Stockholder or its Affiliates of his or its Common Stock pursuant to a tender offer in which each Founding Stockholder and its
Affiliates is permitted to participate 

  

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on terms no less favorable than those applicable to each other Founding Stockholder and its Affiliates or (iii) transfers by a Founding Stockholder to a
Permitted Transferee who signs and agrees to be bound by this Agreement. 
 5. Specific Performance. Each of the parties to this Agreement
acknowledges and agrees that each party hereto will be irreparably damaged if any of the provisions of this Agreement are not performed by the parties hereto in accordance with their specific terms or are otherwise breached. Accordingly, it is
agreed that each of Intrepid and the Founding Stockholders shall be entitled to an injunction to prevent breaches of this Agreement and to specific enforcement of this Agreement and its terms and provisions in any action instituted in any court of
the United States or any state having subject matter jurisdiction, in addition to any other remedy to which the parties hereto may be entitled at law or in equity. Each of the parties hereto hereby consents to personal jurisdiction in any such
action brought in the United States District Court for the District of Colorado or in any court of the State of Colorado sitting in the City and County of Denver having subject matter jurisdiction. 
 6. Termination. If the Registration Statement is withdrawn for any reason, this Agreement shall become null and void and be of no further force or effect
whatsoever and neither the Founding Stockholders nor Intrepid shall have any further obligations hereunder or with respect hereto. 
 7. Miscellaneous

 7.1 Governing Law. This Agreement shall be governed by and construed in all respects in accordance with the laws of the
State of Delaware without giving effect to principles of conflicts of law. 
  

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 7.2 Notices. All notices, demands or other communications to be given under or by reason of
this Agreement shall be in writing and shall be delivered by hand or sent by facsimile or overnight courier service and shall be deemed given when received, as follows: 
  

			
	 If to Intrepid:
 Intrepid Potash, Inc.
 700 17th Street
 Suite 1700
 Denver, CO 80202
 Attention: Robert P. Jornayvaz III
 Fax: (303) 298-7502
	 	 If to HOPCO:
 Harvey Operating and Production
Company
 700 17th Street
 Suite 1700
 Denver, CO 80202
 Attention: Hugh E. Harvey, Jr.
 Fax: (303) 298-7502

		
	 with a copy to:
  
 Holme Roberts & Owen LLP
 1700 Lincoln Street, Suite 4100

Denver, CO 80203-4541
 Attention: Steven B. Richardson
 Fax: (303) 866-0200
	 	 with a copy to:
 Intrepid Potash, Inc.

700 17th Street
 Suite 1700
 Denver, CO 80202
 Attention: Hugh E. Harvey, Jr.
 Fax: (303) 298-7502

		
	 If to IPC:
 Intrepid Production
Corporation
 700 17th Street
 Suite 1700
 Denver, CO 80202
 Attention: Robert P. Jornayvaz III
 Fax:  (303)
298-7502
	 	 If to PAL:
 Potash Acquisition, LLC
 c/o Platte River Ventures I, L.P.
 200 Fillmore Street
 Suite 200
 Denver, CO 80206
 Attention: J. Landis Martin
 Fax: (303) 292-7310

		
	 with a copy to:
  
 Intrepid Potash, Inc.
 700 17th Street
 Suite 1700
 Denver, CO 80202
 Attention: Robert P. Jornayvaz III
 Fax: (303) 298-7502
	 	 with a copy to:
  
 Bartlit Beck Herman Palenchar & Scott LLP
 1899 Wynkoop Street, Suite 800

 Denver, CO 80202
 Attention: James L. Palenchar
 Fax: (303) 592-3140

 Any party to this Agreement may change its address for notices, demands and other communications
under this Agreement by giving notice of such change to the other parties hereto in accordance with this Section 7.2. 
 7.3
Benefit of Parties; Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. This Agreement may not be assigned by
either Intrepid or any Founding Stockholder except with the prior written consent of the other 

  

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parties; provided, however, no prior consent shall be required for an assignment by a Founding Stockholder to its stockholders or members in
connection with a distribution of Common Stock by such Founding Stockholder, provided each assignee expressly agrees to be bound by this Agreement. Notwithstanding anything to the contrary in the preceding sentence, in the case of an assignment by
PAL to its members in connection with a distribution of Common Stock by PAL (which shall not require the prior consent of any party hereto), no member of PAL, other than Platte River Ventures I, L.P. and CCF/PRV Co-Investment Holdings, L.P., shall
be required to agree to be bound by this Agreement in connection with such assignment. Nothing herein contained shall confer or is intended to confer on any third party or entity that is not a party to this Agreement any rights under this Agreement.

 7.4 Amendment. This Agreement may not be amended, modified, altered or supplemented except by means of a written instrument
executed on behalf of Intrepid and each of the Founding Stockholders. 
 7.5 Waiver. No failure on the part of any party hereto
to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of any party hereto in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver thereof; and no single or
partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. 
 7.6 Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect.
Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable. 
 7.7 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto and supersedes all other agreements and understandings between the parties hereto relating to the subject
matter hereof. 
 7.8 Counterparts and Facsimiles. This Agreement may be executed in one or more counterparts, all of which
shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the others. The parties hereto may execute the signature pages hereof and exchange such
signature pages by facsimile transmission. 
  

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 7.9 Interpretation of Agreement. 
 (a) As used in this Agreement, the words “include” and “including,” and variations thereof, shall not be deemed to be
terms of limitation, and shall be deemed to be followed by the words “without limitation.” 
 (b) Unless otherwise
specified, references in this Agreement to “Sections” and “Exhibits” are intended to refer to Sections of, and Exhibits to, this Agreement. 
 (c) The Section headings contained in this Agreement are solely for the purpose of reference, are not part of the agreement of the parties
and shall not in any way affect the meaning or interpretation of this Agreement. 
 (d) Each party hereto and its counsel
cooperated in drafting and preparation of this Agreement and the documents referred to in this Agreement. Any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against the party that drafted it
is of no application and is hereby expressly waived. 
 [Signature page to follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year
first above written. 
  

			
	INTREPID:
	
	INTREPID POTASH, INC.
		
	By:	 	/s/ James N. Whyte
	Name:	 	James N. Whyte
	Title:	 	 Executive Vice President of Human
 Resources and Risk
Management

	
	HOPCO:
	
	HARVEY OPERATING AND PRODUCTION COMPANY
		
	By:	 	/s/ Hugh E. Harvey, Jr.
	Name:	 	Hugh E. Harvey, Jr.
	Title:	 	President
	
	IPC:
	
	INTREPID PRODUCTION CORPORATION
		
	By:	 	/s/ Robert P. Jornayvaz III
	Name:	 	Robert P. Jornayvaz III
	Title:	 	President
	
	PAL:
	
	POTASH ACQUISITION, LLC
		
	By:	 	/s/ Gregory A. Sissel
	Name:	 	Gregory A. Sissel
	Title:	 	Chief Financial Officer

 [Signature Page to Director Designation and Voting Agreement]Registration Rights Agreement

 Exhibit 10.2 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is entered into as of April 25, 2008 by and among Intrepid Potash, Inc., a Delaware corporation (the “Company”), Harvey Operating & Production Company, a Colorado corporation
(“HOPCO”), Intrepid Production Corporation, a Colorado corporation (“IPC”), and Potash Acquisition, LLC, a Delaware limited liability company (“PAL” and, collectively with HOPCO and IPC, the
“Original Stockholders”). 
 RECITALS 
 A. The Company intends to offer shares of Common Stock (as defined below) in a registered public offering (the “IPO”) pursuant to a prospectus and registration statement filed on Form S-1 with the
U.S. Securities and Exchange Commission (the “SEC”); 
 B. The Company and Intrepid Mining LLC, a Delaware limited liability
company wholly-owned by the Original Stockholders (“Mining”), propose to enter into an Exchange Agreement of even date hereof (the “Exchange Agreement”), pursuant to which Mining will transfer to the Company all
right, title and interest to all of its assets in exchange for Common Stock and other consideration; 
 C. Mining intends to distribute to
the Original Stockholders the Common Stock received as consideration pursuant to the Exchange Agreement; and 
 D. Under the terms of the
Amended and Restated Limited Liability Company Agreement of Mining (the “Mining LLC Agreement”), the Company is obligated to provide registration rights to the Original Stockholders with regard to the shares of Common Stock issued
pursuant to the Exchange Agreement (the “Exchange Shares”). 
 THEREFORE, in consideration of the mutual promises, covenants
and conditions set forth herein, the parties agree as follows. 
 AGREEMENT 
 1. Definitions. For the purposes of this Agreement: 
 “Affiliate” means with respect
to a Person, any other Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person, and in the case of an individual, includes any member of such Person’s
immediate family or other relative of such Person or such immediate family who has the same home as such Person. As used in this definition, the word “control” means the possession, directly or indirectly, of the power to direct or cause
the direction of the management and policies of a Person, whether through ownership of 

 
voting securities, by contract or otherwise. Notwithstanding the foregoing, for purposes of this Agreement, neither the Company nor Mining shall be an
Affiliate of any Original Stockholder. 
 “Board” means the board of directors of the Company. 
 “Business Day” means any day other than a Saturday or Sunday or other day upon which banks are authorized or required to close in the
State of Colorado. 
 “Change in Control” means, with respect to a Person, (a) a transfer, directly or indirectly
(including by merger), of all or substantially all of the assets of such Person (including a transfer in liquidation of such Person), (b) the transfer, directly or indirectly, of more than 50% of the equity interests of such Person in one or a
series of related transactions, or (c) the transfer, directly or indirectly, of control of such Person, whether by sale, merger or consolidation. As used in this definition, the word “control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Common Stock” means the common stock, par value $0.001 per share, of the Company. 
 “Demand Registration” means the registration under the Securities Act of Common Stock pursuant to a Demand Notice as described in
Section 2.01. 
 “Demand Registration Group” means each of (i) HOPCO and any assignees, transferees or
successors, with respect to any Registrable Securities, (ii) IPC and any assignees, transferees or successors, with respect to any Registrable Securities, and (iii) PAL and any assignees, transferees or successors, with respect to any
Registrable Securities. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, including the rules and
regulations promulgated thereunder, as amended from time to time. Any reference herein to a specific section or sections of the Exchange Act shall be deemed to include a reference to any corresponding provision of future law. 
 “Holder” means any owner of Registrable Securities. 
 “Lien” means any mortgage, deed of trust, lien (statutory or otherwise), pledge, hypothecation, charge, deposit arrangement, preference, priority, security interest, option, right of first refusal or
other transfer restriction or encumbrance of any kind (including preferential purchase rights, conditional sales agreements or other title retention agreements, and the filing of or agreement to give any financing statement under the Uniform
Commercial Code or comparable law of any jurisdiction to evidence any of the foregoing). 

 “Person” means a natural person, corporation, joint venture, partnership, limited
liability partnership, limited partnership, limited liability limited partnership, limited liability company, trust, estate, business trust, association, governmental authority or any other entity. 
 “Piggyback Registration” means the registration of Common Stock pursuant to a Piggyback Notice as described in
Section 2.02(a). 
 “Prospectus” means the prospectus included in any Registration Statement, as amended or
supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement and all other amendments and supplements to the prospectus, including
post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus. 
 “register,” “registered,” and “registration” means a registration effected by preparing and filing a Registration Statement or similar document in compliance with the Securities Act, and
the declaration or ordering of effectiveness of such Registration Statement or document. 
 “Registrable Securities” means
(a) the Exchange Shares and (b) any equity securities of the Company issued as (or issuable upon the conversion or exercise of any warrant, option, right or other security that is issued as) a dividend or other distribution with respect
to, or in exchange for, or in replacement of, the Exchange Shares that have been issued to any Holder. As to any particular securities that are Registrable Securities, such securities shall cease to be Registrable Securities when (A) a
Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have been disposed of in accordance with such Registration Statement, (B) such securities shall
have been distributed to the public in reliance upon Rule 144, provided that at the time such securities are proposed to be disposed of, they may be sold under Rule 144 without any limitation on the amount of such securities which may be sold or
(C) they shall have ceased to be outstanding. 
 “Registration Statement” means in connection with the public offering
and sale of Exchange Shares or other equity securities of the Company, a registration statement (including pursuant to Rule 415 under the Securities Act) in compliance with the Securities Act. 
 “Rule 144” means Rule 144 (or any successor provision) under the Securities Act. 

 “Securities Act” means the Securities Act of 1933, including the rules and regulations
promulgated thereunder, as amended from time to time. Any reference herein to a specific section or sections of the Securities Act shall be deemed to include a reference to any corresponding provision of future law. 
 “underwritten registration” or “underwritten offering” means a registration in which Registrable Securities are sold to
an underwriter for reoffering to the public. 
 2. Registration. 
  

	2.01.	Demand Registrations. 

 (a) Demand. At any
point following the completion of the IPO, upon receipt of a written request (a “Demand Notice”) from any Holder within a Demand Registration Group that the Company file a Registration Statement covering the registration of
Registrable Securities held by such Holder, the Company shall, within 10 Business Days of receipt of the Demand Notice, (i) give written notice of such request (the “Request Notice”) to all Holders and, (ii) in addition to
complying with its obligations under Section 2.02, shall use its reasonable best efforts to effect, as soon as practicable, the registration of the number of Registrable Securities specified by the Holder in the Demand Notice, subject
only to the limitations of Section 2.01(b) and the rights of the other Holders pursuant to Section 2.02; provided, that the Company shall not be obligated to effect any such registration if the Company has, within the
six month period preceding the date of such Demand Notice, already effected a registration pursuant to this Section 2.01(a) or Section 2.02 in which the Holder participated, other than a registration from which all or a
portion of the Registrable Securities of the Holder were excluded pursuant to the provisions of Section 2.01(b) or Section 2.02(c); and provided further, that if the Company determines that the requested registration
would be materially detrimental to the Company because such registration would (x) materially interfere with a significant acquisition, reorganization or other similar transaction involving the Company, (y) require premature disclosure of
material information that the Company has a bona fide business purpose for preserving as confidential, or (z) render the Company unable to comply with requirements under applicable securities laws, then the Company shall have the right
to postpone such requested registration for a period of not more than 90 days after receipt of the Holder’s Demand Notice, provided that such right to postpone registration pursuant to this Section 2.01(a) shall not to be
utilized more than once in any twelve-month period. The Company shall be obligated to effect only three such registrations pursuant to this Section 2.01(a) on behalf of each Demand Registration Group, one of which may be a
“shelf” registration in accordance with Section 2.01(c). A registration shall be effected for purposes of this Section 2.01(a) when and if a Registration Statement is declared effective by the SEC and the
distribution of securities thereunder has been completed without the occurrence of any stop order or proceeding relating thereto suspending the effectiveness of the registration. 

 (b) Underwriting Requirements. If a Holder intends to distribute the Registrable Securities
covered by its Demand Notice by means of an underwritten offering, then it shall so advise the Company as a part of the Demand Notice, and the Company shall include such information in the Request Notice. In such event, the right of any Holder to
include his, her or its Registrable Securities in such registration pursuant to the rights set forth in Section 2.02 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s
Registrable Securities in the underwriting as provided in this Agreement. The Company and all Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the managing
underwriter or underwriters selected for such underwriting by the Company. All Holders, whether or not they are participating in such offering, and the Company agree not to effect any transfer of Registrable Securities (or any securities of the
Company exchangeable or convertible into Registrable Securities) during the “lock-up” periods set forth in such underwriting agreement or separate “lock-up” agreement. Notwithstanding any other provision of this
Section 2.01 or Section 2.02, if the managing underwriters with respect to the proposed offering advise the Company in writing that, in their opinion, the number of securities requested to be included in such registration
exceeds the number of securities which can be sold in such offering without being likely to have a material adverse effect on the offering of securities as then contemplated (including a material adverse effect on the price at which it is proposed
to sell the securities), then the Company shall so advise all Holders of securities that would otherwise be included in such registration, and the number of securities that may be included in the registration shall be allocated: (i) first,
pro rata among the Holders electing to participate in such registration (whether pursuant to this Section 2.01 or Section 2.02) according to the total amount of Registrable Securities requested by such Holders to be
included in such registration, (ii) second, to securities being sold for the account of the Company, and (iii) last, pro rata among the other selling security holders of the Company, if any, according to the total amount of
securities requested to be included in such registration. For any Holder that is a partnership, the Holder and the partners and retired partners of such Holder, or the estates and family members of any such partners and retired partners and any
trusts for the benefit of any of the foregoing Persons, and for any Holder that is a corporation, the Holder and all corporations that are Affiliates of such Holder, shall be deemed to be a single “Holder,” and any pro rata
reduction with respect to such “Holder” shall be based upon the aggregate amount of Registrable Securities owned by all entities and individuals included in such “Holder,” as defined in this sentence. 
 (c) Shelf Registration. If the Company is eligible to register the resale of Registrable Securities by Holders on Form S-3, then any registration
under Section 2.01(a) shall, if requested in the Demand Notice, be effected pursuant to a “shelf” Registration Statement covering the Registrable Securities specified by the Holder on an appropriate form under Rule 415 under
the Securities Act, or any similar rule that may be adopted by the SEC, subject to the conditions and limitations set forth in Section 2.01(a). 

	2.02.	Piggyback Registrations. 

 (a) Piggyback
Rights. Prior to the Company registering, whether or not for its own account and whether pursuant to Section 2.01 or otherwise, any Registrable Securities or other equity securities in connection with a public offering for cash (but
excluding (i) any registration relating solely to the sale of securities to participants in a Company-sponsored benefit plan on Form S-1 or Form S-8 under the Securities Act or similar forms that may be promulgated under the
Securities Act in the future, (ii) any registration relating to a corporate reorganization, acquisition or other transaction contemplated by Rule 145 under the Securities Act on Form S-4 under the Securities Act or similar forms that
may be promulgated under the Securities Act in the future, and (iii) the IPO), the Company shall promptly give each Holder written notice of such registration (a “Piggyback Notice”), including, if such registration is pursuant
to Section 2.01, the applicable Request Notice. Upon the written request of each Holder given in writing to the Company within 15 days after receipt of such Piggyback Notice by the Company, the Company shall, subject to the provisions of
Section 2.02(b), as applicable, include in the Registration Statement all of the Registrable Securities that each such Holder has requested to be registered, subject to the limitations of Section 2.02(c). 
 (b) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this
Section 2.02 that is not initiated in response to a Demand Notice prior to the effectiveness of such registration and the commencement of the public offer of the securities covered by such registration whether or not any Holder has
elected to include securities in such registration. The expenses of such withdrawn registration shall be borne by the Company in accordance with Section 5 hereof. Any such withdrawal shall be without prejudice to the rights of any Holder
to request that a registration of its Registrable Securities be included in subsequent registrations under Section 2.02(a). 
 (c) Underwriting Requirements. If a Registration Statement referred to in the Piggyback Notice is for an underwritten offering, then the Company shall so advise the Holders. In such event, the right of any such Holder to include
Registrable Securities in such a registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting as provided in this Agreement. All
Holders proposing to distribute their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected by the Company for such underwriting. All
Holders, whether or not they are participating in such offering, and the Company agree not to effect any transfer of Registrable Securities (or any securities of the Company exchangeable or convertible into Registrable Securities) during the
“lock-up” periods set forth in such underwriting agreement or separate “lock-up” agreement. Notwithstanding any other provision of Section 2.01 or this Section 2.02, if any registration under
Section 2.02(a) is undertaken other than in 

 
response to a Demand Notice delivered under Section 2.01 (in which case the corresponding provisions of Section 2.01(b) shall apply)
and the managing underwriters with respect to the proposed offering advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number of securities which can be sold in such
offering without being likely to have a material adverse effect on the offering of securities as then contemplated (including a material adverse effect on the price at which it is proposed to sell the securities), then the Company shall so advise
all Holders of securities that would otherwise be included in such registration, and the number of securities that may be included in the registration shall be allocated: (i) first, to securities being sold for the account of the Company,
(ii) second, pro rata among the Holders electing to participate in such registration in accordance with this Section 2.02 according to the total amount of Registrable Securities requested by such Holders to be included in
such registration, and (iii) last, pro rata among the other selling security holders of the Company, if any, according to the total amount of securities requested to be included in such registration. The defined term “Holder”
shall be construed for purposes of this Section 2.02(c) in the same manner as set forth in the last sentence of Section 2.01(b). 
 3. Obligations of the Company. Subject to the Company’s right to terminate or withdraw certain registrations under Section 2.02(b), whenever the Company is required under this Agreement to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) prepare and file with
the SEC a Registration Statement with respect to such Registrable Securities not later than 90 days after a Demand Notice is given by any Holder pursuant to Section 2.01(a) and keep such Registration Statement effective for a period of up to
180 days or, if earlier, until the distribution contemplated in the Registration Statement has been completed; 
 (b) prepare and file
with the SEC such amendments and supplements to such Registration Statement and the Prospectus used in connection with such registration as may be necessary to comply with the provisions of the Securities Act with respect to disposition of all
securities covered by such Registration Statement for the period set forth in Section 3(a); 
 (c) furnish to each selling Holder
and their counsel selected in accordance with Section 5 copies of all documents proposed to be filed with the SEC in connection with such registration, which documents will be provided to such counsel and each selling Holder prior to the
filing thereof; 
 (d) furnish to the selling Holders, without charge, such number of (i) conformed copies of the Registration Statement
and of each amendment or supplement thereto (in each case including all exhibits and documents filed therewith), and (ii) copies 

 
of the Prospectus included in such Registration Statement, including each preliminary Prospectus and any summary Prospectus, in conformity with the
requirements of the Securities Act, and such other documents, in each case, as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them in accordance with the intended method or methods of such
disposition; 
 (e) in the event of any underwritten offering, enter into and perform its obligations under an underwriting agreement, in
usual and customary form, with the managing underwriters of such offering and enter into such other agreements and take such other actions in order to expedite or facilitate the disposition of such Registrable Securities, including preparing for,
and participating in, “road shows” and all other customary selling efforts, all as the underwriters reasonably request; 
 (f)
notify each selling Holder covered by such Registration Statement, at any time when a Prospectus relating thereto is required to be delivered under the Securities Act, of (i) the issuance of any stop order by the SEC in respect of such
Registration Statement (and use every reasonable effort to obtain the lifting of any such stop order at the earliest possible moment), (ii) any period when the Registration Statement ceases to be effective, or (iii) the happening of any
event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing, and, as promptly as is practicable, prepare and furnish to such selling Holder a reasonable number of copies of any supplement to or amendment of such Prospectus as may be
necessary so that, as thereafter delivered to the purchasers of such securities, such Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing; 
 (g) cause all such Registrable Securities registered
hereunder to be listed on each securities exchange or other automated quotation system on which similar securities issued by the Company are then listed or, if not so listed, use its commercially reasonable efforts to cause such Registrable
Securities registered hereunder to be listed on a securities exchange or other automated quotation system selected by the Company; 
 (h)
provide a transfer agent and registrar for all Registrable Securities registered pursuant hereto and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 
 (i) use its reasonable best efforts to register and qualify the securities covered by such Registration Statement under such other securities or blue sky
laws of such jurisdictions in the United States as shall be reasonably requested by the selling Holders and such other jurisdictions as shall be reasonably requested by the managing 

 
underwriters (or obtain an exemption from registration or qualification under such laws) and do any and all other acts and things which may be necessary or
advisable to enable such selling Holders to consummate the disposition of the Registrable Securities in such jurisdictions in accordance with the intended method or methods of distribution thereof; provided, however, that the Company shall
not be required in connection therewith or as a condition thereto to qualify to do business, where not otherwise required, or to file a general consent to service of process or become subject to taxation in any such states or jurisdictions;

 (j) use its reasonable efforts to cause all Registrable Securities covered by such Registration Statement to be registered with or
approved by such other governmental authorities as may be necessary by virtue of the business and operations of the Company and its subsidiaries to enable each selling Holder thereof to consummate the disposition of such Registrable Securities in
accordance with the intended method or methods of disposition thereof; 
 (k) furnish to each selling Holder and underwriter a signed opinion
of counsel for the Company, which counsel is experienced in securities law matters, dated the effective date of the Registration Statement (and, if any registration includes an underwritten offering, the date of the closing under the underwriting
agreement), addressed to such selling Holder, covering such matters as are customarily covered in opinions of issuer’s counsel delivered to the underwriters in underwritten offerings of securities and such other matters as may be reasonably
requested by the Holders, if any; 
 (l) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the SEC, and make available to its security holders, as soon as reasonably practicable, an earnings statement of the Company (in form complying with the provisions of Rule 158 under the Securities Act) covering, subject to
Section 3(f), the period of at least 12 months, but not more than 18 months, beginning with the first month after the effective date of the Registration Statement; and 
 (m) use its commercially reasonable efforts to take all other reasonable and customary steps typically taken by issuers to effect the registration and
disposition of such Registrable Securities as contemplated hereby. 
 4. Obligations of Holder. 
 (a) Information from Holder. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Agreement
with respect to the Registrable Securities of any selling Holder that such Holder shall, within 10 Business Days of a request by the Company, furnish to the Company such customary information regarding itself, the Registrable Securities held by
it, and the intended method of disposition of such securities as shall be reasonably required by the Company to effect the registration of such Holder’s Registrable Securities. 

 (b) Participation in Underwritten Registrations. No Holder may participate in any underwritten
registration unless such Holder (i) agrees to sell such Holder’s securities on the basis provided in any underwriting arrangements approved by the Persons entitled under this Agreement to approve such arrangements and (ii) completes
and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. 
 5. Registration Expenses. All expenses (other than underwriting discounts and commissions) incurred in connection with registrations pursuant to Section 2.01 or Section 2.02, including
all registration, filing and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company and independent certified public accountants, underwriters (excluding discounts and commissions) and other Persons
retained by the Company and the reasonable fees and disbursements of one counsel for the Holders holding a majority of the Registrable Securities to be included in such registration (collectively, “Registration Expenses”), shall be
borne by the Company. 
 6. Delay of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying
any such registration as the result of any controversy that might arise with respect to the interpretation or administration of this Agreement. 
 7.
Indemnification and Contribution. In the event any Registrable Securities are included in a Registration Statement under this Agreement 
 (a) Indemnification of Holders. To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, members, managers, officers and directors of each Holder, any underwriter (as defined in the
Securities Act) for such Holder and each Person, if any, who controls such Holder or underwriter, within the meaning of the Securities Act or the Exchange Act, against any losses, claims, damages, expenses or liabilities (joint or several) (or
actions, proceedings or settlements in respect thereof), to which they may become subject under the Securities Act, the Exchange Act or other federal, state or foreign securities laws, or common law, insofar as such losses, claims, damages, expenses
or liabilities (or actions proceeding or settlements in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”) by the Company: (i) any untrue
statement or alleged untrue statement of a material fact contained in such Registration Statement, including any preliminary Prospectus or final Prospectus (or similar offering documents) contained therein or any amendments or supplements thereto,
or any other document required in connection therewith or any qualification or compliance associated therewith; 

 (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary
to make the statements therein not misleading; or (iii) any violation or alleged violation of the Securities Act, the Exchange Act, any state or foreign securities laws or any rule or regulation promulgated under the Securities Act, the
Exchange Act or other federal, state or foreign securities laws or common law. The Company will reimburse each such indemnified party for any legal or other expenses reasonably incurred by them in connection with investigating or defending or
settling any such loss, claim, damage, liability or action as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 7(a) shall not apply to amounts paid in settlement of any such
loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld or delayed), nor shall the Company be liable in any such case for any such loss, claim,
damage, liability or action to the extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with information furnished to the Company expressly for use in connection with such registration by such
Holder, underwriter or controlling Person. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of any Holder and shall survive the transfer of such securities by any Holder. 
 (b) Indemnification of the Company. To the extent permitted by law, each selling Holder, on a several and not joint basis, will indemnify and hold
harmless the Company, each of its directors, each of its officers who signed the Registration Statement, each Person, if any, who controls the Company within the meaning of the Securities Act, any underwriter, any other Holder selling securities in
such Registration Statement and any controlling Person of any such underwriter or other Holder, against any losses, claims, damages, expenses or liabilities (joint or several) (or actions, proceedings or settlements in respect thereof) to which any
of the foregoing Persons may become subject, under the Securities Act, the Exchange Act or other federal, state or foreign securities laws, or common law, insofar as such losses, claims, damages or liabilities (or actions proceedings or settlements
in respect thereto) arise out of or are based upon any Violation (but excluding clause (iii) of the definition thereof), in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with
written information furnished by such Holder to the Company expressly for use in connection with such registration; and each such Holder will reimburse any Person intended to be indemnified pursuant to this Section 7(b) for any legal or
other expenses reasonably incurred by such Person in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this Section 7(b)
shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld or delayed), provided,
further that in no event shall any indemnity under this Section 7(b) exceed the net proceeds from the offering received by such Holder. 

 (c) Procedures. Promptly after receipt by an indemnified party under this Section 7 of
written notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 7, deliver to the
indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to
assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the
right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action,
if materially prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 7 to the extent of such prejudice, but the omission to so deliver written
notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party other than under this Section 7. No indemnifying party, in the defense of any such claim or action, shall, except with the
consent of each indemnified party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by claimant or plaintiff to such indemnified party of a release from all liability in
respect of such claim or action. 
 (d) Adjustments. If the indemnification provided for in this Section 7 is held by a
court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall
contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of and, except as to the Company where the Company
does not participate in the offering, the relative benefits received by the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim,
damage or expense, as well as any other relevant equitable considerations, provided that no Person guilty of fraud shall be entitled to contribution. The relative fault of the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’
relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. The relative benefits received by the indemnifying party and the indemnified party shall be determined by reference to the net
proceeds and 

 
underwriting discounts and commissions from the offering received by each such party. In no event shall any contribution of any Holder under this
Section 7(d) exceed the net proceeds from the offering received by such Holder, less any amounts paid under Section 7(b). 
 (e) Conflict With Underwriting Agreement. Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into by the Company and a Holder in
connection with an underwritten offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control with respect to the Company and such Holder. 
 (f) Survival. The obligations of the Company and Holders under this Section 7 shall survive the completion of any offering of
Registrable Securities in a Registration Statement under this Agreement and the termination of this Agreement. 
 (g) Not Exclusive.
The obligations of the parties under this Section 7 shall be in addition to any liability which any party may otherwise have to any other party. 
 8. Successors, Assigns and Transferees. This Agreement shall be binding upon and shall inure to the benefit of each party hereto, and their respective successors, assigns and transferees. Any Holder under this Agreement may assign
its rights under this Agreement to any Affiliate or to other successors, assigns and transferees of such Holder; provided, however, that prior to, or within a reasonable period of time after, any such assignment, the assigning Holder shall
provide written notice thereof to the Company, which notice shall include the name and address of the transferee or assign and identify the securities with respect to which the rights hereunder are being transferred. As a condition to the
effectiveness of any transfer permitted hereunder, the transferee or assign shall agree, in writing, upon request of the Company, to be bound by the provisions of this Agreement. This Agreement shall survive any transfer of Registrable Securities
to, and shall inure to the benefit of, an Affiliate or such other successors, assigns and transferees of such Holder. In addition, and whether or not any express transfer or assignment shall have been made, the provisions of this Agreement which are
for the benefit of the parties hereto other than the Company shall also be for the benefit of and enforceable by any subsequent Holder of Registrable Securities. 
 9. Miscellaneous. 
 (a) Adjustments Affecting Registrable Securities. The Company will not take any action, or permit
any change to occur, with respect to its securities that would adversely affect the ability of the Holders to include their respective Registrable Securities in a registration undertaken pursuant to this Agreement. 

 (b) No Waivers. No failure or delay on the part of any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by law. 
 (c) Amendments. Any provision of this Agreement
may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by the Company and each Original Stockholder or, in the case that any Original Stockholder has transferred all of its Registrable Securities in accordance
with Section 8 of this Agreement, the transferee of such Original Stockholder holding a majority of the Registrable Securities so transferred. 
 (d) Severability. If any term or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms and provisions shall remain in full force and effect and shall
in no way be affected, impaired or invalidated. 
 (e) Notices. All notices required or permitted by this Agreement shall be in
writing and shall be hand delivered, sent by reputable overnight courier, sent by registered or certified mail, or sent by email or facsimile if confirmed by electronic confirmation of receipt. Notices shall be given to such party at its mailing
address, facsimile number or email address set forth on the signature pages hereof, or such other address, or facsimile number as such party may hereafter specify for such purpose. Each such notice, request or other communication shall be effective
(i) if given by facsimile or email, when such notice is transmitted to the destination specified on the signature page hereto and the appropriate answer back (i.e., machine confirmation, email confirmation or telephone confirmation) is
received, (ii) if given by registered or certified mail, 72 hours after such communication is deposited in the mail with first class postage prepaid, addressed as aforesaid, or (iii) if given by any other means, when received at the
address specified on the signature pages hereof. 
 (f) Entire Agreement. This Agreement constitutes the entire agreement and
understanding among the parties hereto with respect to the transactions contemplated hereby and supersedes any and all prior agreements and understandings, written or oral, relating to the subject matter hereof, including, without limitation,
Sections 11.1 through 11.7 of the Mining LLC Agreement. 
 (g) Governing Law. The laws of the State of Colorado shall govern the
interpretation, validity and performance of the terms of this Agreement, regardless of the law that might be applied under applicable principles of conflicts of laws. 

 (h) Counterparts. This Agreement may be executed in counterparts, each of which shall be an
original with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 (i) No Third Party
Beneficiaries. Except as provided by Section 8, nothing in this Agreement shall confer any rights upon any Person other than the parties hereto, each such party’s respective successors and permitted assigns and transferees.

 (j) Registration Rights in Mining LLC Agreement. This Agreement supersedes in their entirety the agreements, rights and obligations
of Mining and the Original Stockholders contained in Sections 11.1 through 11.7 of the Mining LLC Agreement. 
 (k) Company IPO. The
Original Stockholders hereby agree not to effect any transfer of Registrable Securities during the lock-up periods set forth in (i) the Underwriting Agreement dated April 21, 2008 entered into in connection with the Company’s IPO or
(ii) any separate “lock-up” agreement executed in connection with the IPO, in each case only as such is applicable to each Original Stockholder, respectively. 
 [Signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective
authorized officers or representatives, as of the date first above written. 
  

			
	THE COMPANY:
	
	INTREPID POTASH, INC.
		
	By:	 	/s/ James N. Whyte
	Name:	 	James N. Whyte
	Title:	 	Executive Vice President of Human Resources and Risk Management
		
	Address:	 	700 17th Street, Suite 1700
		 	Denver, CO 80202
	Facsimile:	 	303-298-7502
	Attention:	 	James N. Whyte
	
	HOPCO:
	
	HARVEY OPERATING AND PRODUCTION COMPANY
		
	By:	 	/s/ Hugh E. Harvey, Jr.
	Name:	 	Hugh E. Harvey, Jr.
	Title:	 	President
		
	Address:	 	700 17th Street, Suite 1700
		 	Denver, CO 80202
	Facsimile:	 	303-298-7502
	Attention:	 	Hugh E. Harvey, Jr.

			
	IPC:
	
	INTREPID PRODUCTION CORPORATION
		
	By:	 	/s/ Robert P. Jornayvaz III
	Name:	 	Robert P. Jornayvaz III
	Title:	 	President
		
	Address:	 	700 17th Street, Suite 1700
		 	Denver, CO 80202
	Facsimile:	 	303-298-7502
	Attention:	 	Robert P. Jornayvaz III
	
	PAL:
	
	POTASH ACQUISITION, LLC
		
	By:	 	PRV Investors I, LLC
	Its:	 	Manager
		
	By:	 	/s/ Gregory A. Sissel
	Name:	 	Gregory A. Sissel
	Title:	 	Chief Financial Officer
		
	Address:	 	200 Fillmore Street, Suite 200
		 	Denver, CO 80206
	Facsimile:	 	303-292-7310
	Attention:	 	Gregory A. Sissel

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