Document:

Escrow Agreement

 Exhibit 10.2 

EXECUTION COPY 

ESCROW AGREEMENT 

ESCROW AGREEMENT, dated as of May 11, 2010 (the “Agreement”), by and among CSA ESCROW CORPORATION, a Delaware
corporation (the “Escrow Company”), COOPER-STANDARD AUTOMOTIVE INC., an Ohio corporation (the “Company”), U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”),
and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as escrow agent (the “Escrow Agent”). 

This Agreement is being entered into in connection with (i) the Purchase Agreement (the “Purchase
Agreement”), dated April 29, 2010, among the Escrow Company, the Company, Cooper-Standard Holdings Inc. and Deutsche Bank Securities Inc., Banc of America Securities LLC, Barclays Capital Inc. and UBS Securities LLC (collectively, the
“Initial Purchasers”), and (ii) the Indenture, dated as of the date hereof (as may be amended, supplemented or otherwise modified from time to time, the “Indenture”), between the Escrow Company and the Trustee,
governing the Escrow Company’s $450,000,000 in aggregate principal amount of
8 1/2% Senior Notes due 2018 (the
“Notes”). 
 For good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged by each of the parties hereto, the parties hereto, intending to be legally bound, do hereby agree as follows: 

Section 1. Definitions. Capitalized terms, used but not defined herein, shall have the respective meanings specified in the
Indenture or the Purchase Agreement, as applicable. 
 Section 2. Appointment and Jurisdiction of Escrow Agent.

 (a) The Escrow Company, the Company and the Trustee hereby appoint U.S. Bank National Association as escrow agent in
accordance with the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment. 
 (b) The
Escrow Company, the Company, the Trustee and the Escrow Agent hereby agree that the “securities intermediary’s jurisdiction” of the Escrow Agent is the State of New York for purposes of the New York UCC, including Section 8-110
thereof. 
 (c) The Escrow Company, the Company, the Trustee and the Escrow Agent hereby agree that the “bank’s
jurisdiction” of the Escrow Agent is the State of New York for purposes of the New York UCC, including Section 9-304 thereof. 

Section 3. The Escrow Property. 

(a) On the date hereof (the “Closing Date”), the Escrow Company shall cause to be deposited with the Escrow Agent:

 (i) $446,250,000, representing (A) the gross proceeds from the offering of the Notes of $450,000,000,
less (B) $3,750,000, which is one-third of the discount payable to the Initial Purchasers with respect to the offering of the Notes (the “Proceeds”). 

 (b) On the Closing Date, the Company shall deposit with the Escrow Agent: 

(i) $3,750,000, representing one-third of the discount payable to the Initial Purchasers with respect to the offering of
the Notes on the Closing Date pursuant to the Purchase Agreement (the “Paid Discount”); 
 (ii)
$7,500,000, representing two-thirds of the discount payable to the Initial Purchasers with respect to the offering of the Notes on either the Release Date or the Redemption Date pursuant to the Purchase Agreement (the “Unpaid
Discount”); and 
 (iii) $4,500,000, representing 1.0% of the gross proceeds from the offering of the
Notes (the “Specified Premium”), together with $6,268,750 representing the amount of interest that would accrue on the Notes from the Closing Date up to but not including the 60th day after the Closing Date (the “Initial
Escrow End Date”) (the foregoing interest amount being the “Interest Deposit” and together with the Proceeds, the Paid Discount, the Unpaid Discount, the Additional Interest Deposit (as defined below) and the Specified
Premium, plus all interest, dividends and other distributions and payments thereon, collectively referred to herein as the “Escrow Property”). 

(c) If prior to the date of the Initial Escrow End Date, the Escrow Company elects to extend the Initial Escrow End Date to the 90th day
following the Closing Date (such date, the “Escrow Extension Date”), no later than five (5) Business Days prior to the Initial Escrow End Date, the Company shall deposit with the Escrow Agent$3,081,250 (the “Additional
Interest Deposit”), representing the amount equal to any additional accrued and unpaid interest on the Notes, respectively, from the Initial Escrow End Date up to, but not including, the Escrow Extension Date. 

In no event shall the Company have any liability, obligation or responsibility for any of the amounts required to be deposited by the
Escrow Company nor shall the Escrow Company have any liability, obligation or responsibility for any of the amounts required to be deposited by the Company. The Escrow Company and the Company agree that all amounts deposited pursuant to this
Agreement shall be satisfactory for such purpose pursuant to the Indenture. 
 The Escrow Agent shall have no duty to solicit
the Escrow Property. The Escrow Company and the Company, as applicable, certify that all amounts deposited pursuant to this Agreement shall be satisfactory for such purposes pursuant to the Indenture, and shall notify the Escrow Agent in writing at
or prior to the time when any Escrow Property is sent to the Escrow Agent pursuant to this Agreement and certify at such time that all amounts deposited pursuant to this Agreement are satisfactory for such purposes pursuant to the Indenture. The
Escrow Agent shall have no liability for Escrow Property, or interest thereon, sent to it that remain unclaimed and/or are returned if such written notification is not given. 

(d)(i) Subject to and in accordance with the provisions hereof, the Escrow Agent agrees to hold the Escrow Property in either a
“securities account” (as defined in Section 8-501 of the Uniform Commercial Code in effect in the State of New York on the date 

 

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hereof (the “New York UCC”) or in a “deposit account” (as defined in Section 9-102(a)(29) of the New York UCC), as applicable. Escrow Property will be held in the
following account: U.S. Bank National Association, trust number 140982000, CSA Escrow Corp / Cooper-Standard Escrow. 
 Wire
Instructions: 
  

			
	ABA #	 	091000022
	Bank Name	 	U.S. Bank National Association
	Account #	 	180121167365
	Reference	 	CSA Escrow Corp / Cooper-Standard Escrow
	Trust #	 	140982000
	Contact Person	 	James Kowalski

 The above referenced
account will be established with the Escrow Agent or an affiliate in the name of the Escrow Agent, as escrow agent on behalf of the Escrow Company, (together with any successor account or accounts the “Escrow Account”) and to
administer the Escrow Account in accordance with the provisions of this Agreement, including, without limitation, holding in escrow, investing and reinvesting, and releasing or distributing the Escrow Property. 

(ii) As security for the due and punctual payment when due and punctual performance of all amounts that may be payable
from time to time under the Indenture and the Notes, now or hereafter arising, the Escrow Company and the Company hereby pledge, assign and grant to the Trustee, for the benefit of the holders of the Notes, a continuing security interest in, and a
lien on, (i) the Escrow Account and the Escrow Property and (ii) all claims and rights of whatever nature which the Escrow Company may now have or hereafter acquire against any third party(ies) in respect of any of the Escrow Account or
Escrow Property (including any claims or rights in respect of any Security Entitlements credited to an account of the Escrow Agent maintained at The Depository Trust Company or any other clearing corporation) or any other Securities Intermediary;
(iii) all rights which the Escrow Company or the Company may now have or hereafter acquire against the Escrow Agent in respect of its holding and managing all or any part of the Escrow Account or Escrow Property; and (iv) all proceeds (as
such term is defined in Section 9-102(a) of the UCC) of any of the foregoing. The Escrow Agent hereby acknowledges the Trustee’s security interest as set forth in this Section 2(d)(ii). The security interest of the Trustee shall at
all times be valid, perfected and enforceable as a first priority security interest by the Trustee against Escrow Company, the Company and all third parties in accordance with the terms of this Agreement. The Escrow Company shall cause the Unpaid
Discount to be paid from the Escrow Property to the Initial Purchasers pursuant to the Purchase Agreement at the same time the Escrow Property is released from escrow (regardless of whether released pursuant to Section 5(a) or 5(b)).

 (iii) The Escrow Agent hereby agrees that each item of property (including, without limitation, all Temporary
Cash Investments under clauses 1, 2 and 3 
  

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of the definition thereof in the Indenture (the “Limited Cash Equivalents”), in each case maturing no later than the Escrow End Date (as defined below), and with respect to
clause (2) thereof with a bank or trust company having capital, surplus and undivided profits aggregating in excess of $500 million, and Escrow Investments (in each case, as defined in the Indenture) (collectively, the “Escrow Agreement
Permitted Investments”)), and any investment property, financial asset, security, instrument or cash or cash balances (irrespective of the currency in which such cash or cash balances are denominated) credited to a securities account shall
be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the New York UCC. 

(iv) If at any time the Escrow Agent receives (i) any entitlement order (as such term is defined in
Section 8-102(a)(8) of the New York UCC) with respect to any financial asset credited to the Escrow Account or (ii) any instruction (within the meaning of Section 9-104(b) of the New York UCC) concerning the disposition of funds
held in the Escrow Account from the Trustee acting on the written directions of the majority of the holders of the Notes, the Escrow Agent shall comply with such entitlement order or instruction, as applicable, without further consent of the Escrow
Company or any other person. The Trustee hereby agrees with the Escrow Company that it shall not give any entitlement orders or instructions, as applicable, unless the Notes become subject to a Special Mandatory Redemption pursuant to
Section 3.07 of the Indenture or as otherwise permitted pursuant to Section 5 hereof. 
 (v) Upon the
release of any Escrow Property pursuant to Section 5 hereof, the security interest of the Trustee for the benefit of the holders of the Notes shall automatically terminate without any further action and the Escrow Property shall be delivered to
the recipient free and clear of any and all liens, claims or encumbrances of any person, including, without limitation, the Escrow Agent, the Trustee and the holders of the Notes. 

(vi) The Escrow Company agrees to take all steps reasonably necessary to maintain the security interest created by this
Agreement as a perfected first-priority security interest including causing UCC financing statements describing the Escrow Property and Escrow Account to be promptly filed in the State of Delaware. Without limiting the foregoing, the Escrow Company
agrees to take all steps reasonably requested by the Trustee in connection with the perfection of the Trustee’s security interest in the Escrow Property and Escrow Account pursuant to this Agreement and, without limiting the generality of the
foregoing, the Escrow Company hereby authorizes the Trustee and the Initial Purchasers on behalf of the Trustee to file one or more UCC financing statements that reasonably describe the collateral in such jurisdictions and filing offices and
containing such description of collateral as the Trustee, or the Initial Purchasers on behalf of the Trustee, may determine is reasonably necessary in order to perfect the security interest granted herein. 

(vii) The Escrow Company represents and warrants that as of the date hereof it is duly formed and validly existing as a
corporation under the laws of the state of Delaware and is not organized under the laws of any other jurisdiction, and the Escrow Company hereby agrees that, prior to the termination of this Agreement, it will not change its name or jurisdiction of
organization without giving the Trustee and the Initial Purchasers not less than 10 days’ prior written notice thereof. 
  

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 Section 4. Investment of the Escrow Property. During the term of this Agreement,
the Escrow Agent shall invest and reinvest the Escrow Property in the Escrow Agreement Permitted Investments applicable to the Escrow Property, and in each case at the written direction of one of the authorized representatives of the Escrow Company
identified on Schedule I hereto (each such representative, an “Authorized Person”). 
 The Escrow Agent
shall have no obligation to invest or reinvest the Escrow Property if deposited with the Escrow Agent after 11:00 a.m. local time in the City of New York on such day of deposit until the next Business Day. Instructions received after 11:00 a.m.
local time in the City of New York will be treated as if received on the following Business Day. The Escrow Agent shall have no responsibility for any investment losses resulting from the investment, reinvestment or liquidation of the Escrow
Property. Any interest or other income received on such investment and reinvestment of the Escrow Property shall become part of the Escrow Property and any losses incurred on such investment and reinvestment of the Escrow Property shall be debited
against the Escrow Property. If a selection is not made and a written direction not given to the Escrow Agent by one of the authorized representatives of the Escrow Company, the Escrow Property shall remain uninvested with no liability for interest
therein. It is agreed and understood that the entity serving as Escrow Agent may earn fees associated with the investments outlined above in accordance with the terms of such investments. Notwithstanding the foregoing, the Escrow Agent shall have
the power to sell or liquidate the foregoing investments whenever the Escrow Agent shall be required to release all or any portion of the Escrow Property pursuant to Section 5 hereof. In no event shall the Escrow Agent be deemed an investment
manager or adviser in respect of any selection of investments hereunder. It is understood and agreed that the Escrow Agent or its affiliates are permitted to receive additional compensation that could be deemed to be in the Escrow Agent’s
economic self-interest for (1) serving as investment adviser, administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the investments, (2) using affiliates to effect transactions in certain
investments and (3) effecting transactions in investments. 
 Section 5. Distribution of Escrow Property. The
Escrow Agent is directed to distribute the Escrow Property in the following manner: 
 (a) if at any time prior to the 60th day
following the Closing Date, as may be extended for an additional 30 days on one occasion pursuant to the Indenture (the “Escrow End Date”), the Escrow Agent receives an Officer’s Certificate from the Company substantially in
the form of Exhibit A, dated as of the date the Escrow Property is released pursuant to the Release Notice (as defined below), executed by an Authorized Person of the Company and certifying to the Escrow Agent as to the matters set forth
therein (an “Officer’s Certificate”), and a written notice substantially in the form of Exhibit B, executed by an Authorized Person of the Escrow Company (a “Release Notice”), the Escrow Agent shall on
the same Business Day, provided that the Release Notice is received by 11:00 a.m. local time in the City of New York on that same Business Day, release the Escrow Property as directed and in the manner set forth in the Release Notice from the Escrow
Company; or 
  

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 (b) if at any time prior to the Escrow End Date, the Escrow Agent receives a written notice
from the Escrow Company (or an entitlement order or instructions, as applicable, from the Trustee pursuant to Section 3(e)(iv) hereof) setting forth the date on which a Special Mandatory Redemption will occur (a “Redemption
Notice”) in the form of Exhibit C hereto, and a Release Notice, substantially in the form of Exhibit B, executed by an Authorized Person of the Escrow Company, the Escrow Agent shall liquidate the Escrow Property no later than
one (1) Business Day prior to the date specified for the Special Mandatory Redemption, and shall release the Escrow Property as directed and in the manner set forth in the Release Notice from the Escrow Company. 

Section 6. Termination. This Agreement shall terminate upon the distribution of all Escrow Property from the account
established hereunder. The provisions of Sections 7, 8, 9 and 10 shall survive the termination of this Agreement and the earlier resignation or removal of the Escrow Agent. 

Section 7. Compensation of Escrow Agent. The Escrow Agent shall be entitled to payment from either the Escrow Company or the
Company (without duplication) for customary fees and expenses for all services rendered by it hereunder as separately agreed to between the Company and the Escrow Agent (as such fees may be adjusted from time to time). Either the Escrow Company or
the Company (without duplication) shall reimburse the Escrow Agent on demand for all loss, liability, damage, disbursements, advances or reasonable out-of-pocket expenses paid or incurred by it in the administration of its duties hereunder,
including, but not limited to, all counsel, advisors’ and agents’ reasonable out-of-pocket fees and disbursements and all taxes or other governmental charges. At all times, the Escrow Agent will have a right of set off and first lien on
the funds in the Escrow Property for payment of customary fees and reasonable out-of-pocket expenses and all such loss, liability, damage or expenses. Such compensation and expenses shall be paid from the Escrow Property to the extent not otherwise
paid within thirty (30) days after an invoice has been rendered. Except as expressly provided in this Section 7, the Escrow Agent subordinates any lien or right of set off it may have with respect to the Escrow Property to the
Trustee’s and the Secured Parties’ security interests granted hereunder other than in connection with fees pursuant to this Section 7 or the indemnification obligations in Section 9. 

Section 8. Resignation of Escrow Agent. The Escrow Agent may resign and be discharged from its duties hereunder at any time
by giving thirty (30) calendar days’ prior written notice of such resignation to the Escrow Company, the Company and the Trustee. Upon such notice, a successor escrow agent shall be appointed by the Escrow Company, the Company and the
Trustee, who shall provide written notice of such to the resigning Escrow Agent. Such successor escrow agent shall become the escrow agent hereunder upon the resignation specified in such notice. If the Escrow Company, the Company and the Trustee
are unable to agree upon a successor escrow agent within thirty (30) days after such notice, the Escrow Agent may, in its sole discretion, deliver the Escrow Property to the Trustee at the address provided herein or may apply to a court of
competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief. The costs and reasonable out-of-pocket expenses (including its attorneys’ fees and expenses) incurred by the Escrow Agent in connection with
such proceeding shall be paid by the Escrow Company and the Company. Upon receipt of the identity of the successor escrow agent, the Escrow Agent shall either deliver the Escrow Property then held

  

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hereunder to the successor Escrow Agent, less the Escrow Agent’s fees, costs and expenses or other obligations owed to the Escrow Agent to be paid from any interest earned in respect of the
Escrow Property, or hold any interest earned in respect of the Escrow Property (or any portion thereof), pending distribution, until all such fees, costs and expenses or other obligations are paid. Upon its resignation and delivery of the Escrow
Property as set forth in this Section 4, the Escrow Agent shall be discharged of and from any and all further obligations arising in connection with the Escrow Property or this Agreement. 

Section 9. Indemnification of Escrow Agent. The Escrow Company and the Company shall jointly and severally indemnify, defend
and hold harmless the Escrow Agent and its officers, directors, employees and agents, from and against and reimburse the Escrow Agent for any and all claims, obligations, liabilities, losses, damages, injuries (to person, property, or natural
resources), penalties, stamp or other similar taxes, actions, suits, judgments and reasonable out-of-pocket costs and expenses (including reasonable attorney’s fees and expenses) demanded, asserted or claimed against the Escrow Agent directly
or indirectly relating to, or arising from, claims against the Escrow Agent by reason of its participation in the transactions contemplated hereby, including without limitation all reasonable out-of-pocket costs required to be associated with claims
for damages to persons or property, and reasonable out-of-pocket attorneys’ and consultants’ fees and reasonable out-of-pocket expenses and court costs except to the extent caused by the Escrow Agent’s bad faith, gross negligence or
willful misconduct. The provisions of this Section 9 shall survive the termination of this Agreement or the earlier resignation or removal of the Escrow Agent. 

Section 10. The Escrow Agent. (a) The duties, responsibilities and obligations of Escrow Agent shall be limited to those
expressly set forth herein and no duties, responsibilities or obligations shall be inferred or implied against the Escrow Agent. The Escrow Agent shall not be subject to, nor required to comply with, any other agreement to which the Escrow Company
or the Trustee is a party, even though reference thereto may be made herein, or to comply with any direction or instruction (other than those contained herein or delivered in accordance with this Agreement) from the Escrow Company or the Trustee or
an entity acting on its behalf. The Escrow Agent shall not be required to expend or risk any of its own funds or otherwise incur any liability, financial or otherwise, in the performance of any of its duties hereunder. 

(b) If at any time the Escrow Agent is served with any judicial or administrative order, judgment, decree, writ or other form of judicial
or administrative process which in any way affects the Escrow Property (including but not limited to orders of attachment or garnishment or other forms of levies or injunctions or stays relating to the transfer of the Escrow Property), the Escrow
Agent is authorized to comply therewith in any manner it or legal counsel of its own choosing deems appropriate; and if the Escrow Agent complies with any such judicial or administrative order, judgment, decree, writ or other form of judicial or
administrative process, Escrow Agent shall not be liable to any of the parties hereto or to any other person or entity even though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined to have
been without legal force or effect. 
 (c) The Escrow Agent shall not be liable for any action taken or omitted or for any loss
or injury resulting from its actions or its performance or lack of performance of its 
  

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duties hereunder in the absence of bad faith, gross negligence or willful misconduct on its part. In no event shall the Escrow Agent be liable (i) for acting in accordance with or
conclusively relying upon any instruction, notice, demand, certificate or document from the Escrow Company or Trustee or any entity acting on behalf of the Escrow Company and the Trustee, (ii) for any indirect, consequential, punitive or
special damages, regardless of the form of action and whether or not any such damages were foreseeable or contemplated, (iii) for the acts or omissions of its nominees, correspondents, designees, agents, subagents or subcustodians,
(iv) for the investment or reinvestment of any cash held by it hereunder, in each case in good faith, in accordance with the terms hereof, including without limitation any liability for any delays (not resulting from its gross negligence or
willful misconduct) in the investment or reinvestment of the Escrow Property, or any loss of interest or income incident to any such delays, or (v) for an amount in excess of the value of the Escrow Property, valued as of the date of deposit,
but only to the extent of direct money damages. 
 (d) If any fees, reasonable out-of-pocket expenses or costs incurred by, or
any obligations owed to, the Escrow Agent or its counsel hereunder are not paid within 10 Business Days after such expenses or costs are due, the Escrow Agent may reimburse itself therefor from the Escrow Property and may sell, liquidate, convey or
otherwise dispose of any investment in respect of the Escrow Property for such purpose. The Escrow Agent may in its sole discretion withhold from any distribution of any interest earned in respect of the Escrow Property an amount it believes would,
upon sale or liquidation, produce proceeds equal to any unpaid amounts to which the Escrow Agent is entitled to hereunder. 

(e) The Escrow Agent may consult with legal counsel of its own choosing, at the expense of the Company, as to any matter relating to this
Agreement, and the Escrow Agent shall not incur any liability in acting in good faith in accordance with any advice from such counsel. 

(f) The Escrow Agent shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility
hereunder by reason of any occurrence beyond the control of the Escrow Agent (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or
national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

(g) The Escrow Agent shall be entitled to conclusively rely upon any order, judgment, certification, demand, notice, instrument or other
writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity or the service thereof. The Escrow Agent may act in conclusive reliance upon any
instrument or signature believed by it to be genuine and may assume that any person purporting to give receipt or advice to make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so.

 (h) The Escrow Agent shall not be responsible in any respect for the form, execution, validity, value or genuineness of
documents or securities deposited hereunder, or for any description therein, or for the identity, authority or rights of persons executing or delivering or purporting to execute or deliver any such document, security or endorsement. The Escrow

  

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Agent shall not be called upon to advise any party as to the wisdom in selling or retaining or taking or refraining from any action with respect to any securities or other property deposited
hereunder. 
 (i) The Escrow Agent shall not be under any duty to give the Escrow Property held by it hereunder any greater
degree of care than it gives its own similar property and shall not be required to invest any funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest. 

(j) When the Escrow Agent acts on any information, instructions, communications, (including, but not limited to, communications with
respect to the delivery of securities or the wire transfer of funds) sent by telex, facsimile, email or other form of electronic or data transmission, the Escrow Agent, absent bad faith, gross negligence or willful misconduct, shall not be
responsible or liable in the event such communication is not an authorized or authentic communication of the Escrow Company or the Trustee or is not in the form the Escrow Company and the Trustee sent or intended to send (whether due to fraud,
distortion or otherwise). The Escrow Company and the Trustee shall indemnify the Escrow Agent against any loss, liability, claim or reasonable out-of-pocket expense (including reasonable out-of-pocket legal fees and expenses) it may incur with its
acting in accordance with any such communication. 
 (k) In the event of any ambiguity or uncertainty hereunder or in any
notice, instruction or other communication received by the Escrow Agent hereunder, the Escrow Agent may, in its sole discretion, refrain from taking any action other than to retain possession of the Escrow Property, unless the Escrow Agent receives
written instructions, signed by the Escrow Company or the Trustee, which eliminates such ambiguity or uncertainty. 
 (l) In the
event of any dispute between or conflicting claims among the Escrow Company, the Company and the Trustee and any other person or entity with respect to any Escrow Property, the Escrow Agent shall be entitled, in its sole discretion, to refuse to
comply with any and all claims, demands or instructions with respect to such Escrow Property so long as such dispute or conflict shall continue, and the Escrow Agent shall not be or become liable in any way to the Escrow Company, the Company or the
Trustee for failure or refusal to comply with such conflicting claims, demands or instructions. The Escrow Agent shall be entitled to refuse to act until, in its sole discretion, either (i) such conflicting or adverse claims or demands shall
have been determined by a final order, judgment or decree of a court of competent jurisdiction, which order, judgment or decree is not subject to appeal, or settled by agreement between the conflicting parties as evidenced in a writing satisfactory
to the Escrow Agent or (ii) the Escrow Agent shall have received security or an indemnity satisfactory to it sufficient to hold it harmless from and against any and all losses which it may incur by reason of so acting. Any court order, judgment
or decree shall be accompanied by a legal opinion by counsel for the presenting party, satisfactory to the Escrow Agent, to the effect that said order, judgment or decree represents a final adjudication of the rights of the parties by a court of
competent jurisdiction, and that the time for appeal from such order, judgment or decree has expired without an appeal having been filed with such court. The Escrow Agent shall act on such court order and legal opinions without further question. The
Escrow Agent may, in addition, elect, in its sole discretion, to commence an interpleader action or seek other judicial relief or orders as it may deem, in its sole discretion, necessary. The reasonable costs and reasonable out-of-pocket

  

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expenses (including attorneys’ fees and expenses) incurred in connection with such proceeding shall be paid by, and shall be deemed a joint and several obligation of, the Escrow Company and
the Company. 
 (m) The Escrow Agent shall have no responsibility for the contents of any writing of the arbitrators or any
third party contemplated herein as a means to resolve disputes and may conclusively rely without any liability upon the contents thereof. 

(n) The Escrow Agent does not have any interest in the Escrow Property deposited hereunder but is serving as escrow holder only and
having only possession thereof. The Escrow Company and the Company shall pay or reimburse the Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Property incurred in connection herewith and shall indemnify and
hold harmless the Escrow Agent from any amounts that it is obligated to pay in the way of such taxes. The Escrow Company shall be treated as the owner of the Escrow Property for U.S. federal income tax purposes. Any payments of income from this
Escrow Account shall be subject to withholding regulations then in force with respect to United States taxes. The Escrow Company will provide the Escrow Agent with appropriate W-9 forms for tax identification number certifications. It is understood
that the Escrow Agent shall only be responsible for income reporting with respect to income earned on the Escrow Property and will not be responsible for any other reporting. This paragraph shall survive notwithstanding any termination of this
Agreement or the resignation or removal of the Escrow Agent. 
 (o) The Escrow Agent shall provide to the Escrow Company and the
Company monthly statements identifying transactions, transfers or holdings of Escrow Property and each such statement shall be deemed to be correct and final upon receipt thereof by the Escrow Company, the Company and the Trustee unless the Escrow
Agent is notified in writing, by the Escrow Company, the Company and the Trustee, to the contrary within thirty (30) Business Days of the date of such statement. The Escrow Company and Company acknowledge that regulations of the Comptroller of
the Currency grant the parties the right to receive brokerage confirmations of the security transactions as they occur. The Escrow Company and Company specifically waive such notification to the extent permitted by law and will receive periodic cash
transaction statements which will detail all investment transactions. Except as otherwise provided hereunder or agreed in writing among the parties hereto, Escrow Company shall retain the authority to institute, participate and join in any plan of
reorganization, readjustment, merger or consolidation with respect to the issuer of any securities held hereunder, and, in general, to exercise each and every other power or right with respect to each such asset or investment as individuals
generally have and enjoy with respect to their own assets and investment, including power to vote upon any securities. 

Section 11. Miscellaneous. (a) This Agreement embodies the entire agreement and understanding among the parties relating
to the subject matter hereof. 
 (b) This Agreement shall be governed by and construed in accordance with the laws of the State
of New York without reference to the principles of conflict of laws (other than Section 5-1401 of the General Obligations Law). 
  

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 (c) Each of the parties hereto hereby irrevocably consents to the jurisdiction of the courts
of the State of New York and of any Federal Court located in the Borough of Manhattan in such State in connection with any action, suit or other proceeding arising out of or relating to this Agreement or any action taken or omitted hereunder, and
waives any claim of forum non conveniens and any objections as to laying of venue. Each party further waives personal service of any summons, complaint or other process and agrees that service thereof may be made by certified or registered mail
directed to such person at such person’s address for purposes of notices hereunder. 
 (d) All notices and other
communications under this Agreement shall be in writing in English and shall be deemed given when delivered personally, on the next Business Day after delivery to a recognized overnight courier or mailed first class (postage prepaid) or when sent by
facsimile to the parties (which facsimile copy shall be followed, in the case of notices or other communications sent to the Escrow Agent, by delivery of the original) at the following addresses (or to such other address as a party may have
specified by notice given to the other parties pursuant to this provision): 
 If to the Escrow Company: 

CSA Escrow Corporation 

39550 Orchard Hill Place Drive 

Novi, Michigan 48375 

Facsimile: (248) 596-6535 

Attention: Timothy Hefferon, Esq. 

with a copy to (which copy shall not be deemed notice): 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 

New York, NY 10004 

Facsimile: (212) 859-4000 

Attention: Daniel J. Bursky, Esq. 

If to the Company: 

Cooper-Standard Automotive Inc. 

39550 Orchard Hill Place Drive 

Novi, Michigan 48375 

Facsimile: (248) 596-6535 

Attention: Timothy Hefferon, Esq. 
  

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 with a copy to (which copy shall not be deemed notice): 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 

New York, NY 10004 

Facsimile: (212) 859-4000 

Attention: Daniel J. Bursky, Esq. 

If to the Initial Purchasers: 

Deutsche Bank Securities Inc. 

60 Wall Street 

New York, New York 10005 

Attention: Corporate Finance Department 

with a copy to (which copy shall not be deemed notice): 

Cahill Gordon & Reindel LLP 

80 Pine Street 

New York, New York 10005 

Facsimile: (212) 269-5420 

Attention: Douglas S. Horowitz 

If to the Escrow Agent: 

Corporate Trust Services 

U.S. Bank National Association 

535 Griswold Street, Suite 550 

Detroit, MI 48226 

Tel: (313) 234-4716 

Fax: (313) 963-9428 

Attn: James Kowalski 

(e) The headings of the Sections of this Agreement have been inserted for convenience and shall not modify, define, limit or expand the
express provisions of this Agreement. 
 (f) This Agreement and the rights and obligations hereunder of parties hereto may not
be assigned except with the prior written consent of the other parties hereto. This Agreement shall be binding upon and inure to the benefit of each party’s respective successors and permitted assigns. Except as expressly provided herein, no
other person shall acquire or have any rights under or by virtue of this Agreement. This Agreement is intended to be for the sole benefit of the parties hereto, and (subject to the provisions of this Section 11(f)) their respective successors
and assigns, and none of the provisions of this Agreement are intended to be, nor shall they be construed to be, for the benefit of any third person. 
  

 -12- 

 (g) This Agreement may not be amended, supplemented or otherwise modified without the prior
written consent of the parties hereto. 
 (h) The Escrow Agent makes no representation as to the validity, value, genuineness or
the collectability of any security or other document or instrument held by or delivered to it. 
 (i) The parties hereto
acknowledge that in accordance with Section 326 of the USA Patriot Act the Escrow Agent, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record
information that identifies each person or legal entity that establishes a relationship or opens an account with U.S. Bank National Association. The parties to this Agreement agree that they will provide the Escrow Agent with such information as it
may request in order for the Escrow Agent to satisfy the requirements of the USA Patriot Act. 
 (j) This Agreement may be
executed in two or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 

(k) The rights and remedies conferred upon the parties hereto shall be cumulative, and the exercise or waiver of any such right or remedy
shall not preclude or inhibit the exercise of any additional rights or remedies. The waiver of any right or remedy hereunder shall not preclude the subsequent exercise of such right or remedy. 

(l) The Escrow Company and the Company hereby represents and warrants (i) that this Agreement has been duly authorized, executed and
delivered on its behalf and constitutes its legal, valid and binding obligation and (ii) that the execution, delivery and performance of this Agreement by the Escrow Company and the Company does not and will not violate any applicable law or
regulation. 
 (m) The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the
validity, legality or enforceability of any other provision; and if any provision is held to be unenforceable as a matter of law, the other provisions shall not be affected thereby and shall remain in full force and effect. 

(n) No printed or other material in any language, including prospectuses, notices, reports, and promotional material which mentions
“U.S. Bank National Association” or any of its respective affiliates by name or the rights, powers, or duties of the Escrow Agent under this Agreement shall be issued by any other parties hereto, or on such party’s behalf, without the
prior written consent of the Escrow Agent. 
 (o) For purposes of this Agreement, “Business Day” shall mean any day
that is not a Saturday or Sunday or a day on which banks are required or permitted by law or executive order to be closed in the City of New York. 

(p) For purposes of sending and receiving instructions or directions hereunder, all such instructions or directions shall be, and the
Escrow Agent may conclusively rely upon such instructions or directions, delivered, and executed by an Authorized Person of the Escrow Company or the Company designated on Schedule I attached hereto and made a part hereof, which such
designation shall include specimen signatures of such representatives, as such Schedule I may be updated from time to time. 

[SIGNATURE PAGE FOLLOWS] 
  

 -13- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written. 
  

			
	CSA ESCROW CORPORATION
		
	By:	 	 /s/ Allen J. Campbell

	Name:	 	Allen J. Campbell
	Title:	 	President
	
	COOPER-STANDARD AUTOMOTIVE INC.
		
	By:	 	 /s/ Allen J. Campbell

	Name:	 	Allen J. Campbell
	Title:	 	Vice President & CFO

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ James Kowalski

	Name:	 	James Kowalski
	Title:	 	Vice President

			
	U.S.BANK NATIONAL ASSOCIATION, as Escrow Agent
		
	By:	 	 /s/ James Kowalski

	Name:	 	James Kowalski
	Title:	 	Vice President

 EXHIBIT A 

Officer’s Certificate 

of 

COOPER-STANDARD AUTOMOTIVE INC. 

[            ], 2010 

This certificate is being delivered pursuant to Section 5 of the Escrow Agreement, dated as of May 11, 2010 (the
“Escrow Agreement”), by and among CSA Escrow Corporation, a Delaware corporation (the “Escrow Company”), Cooper-Standard Automotive Inc., an Ohio corporation (the “Company”), U.S. Bank
National Association, a national banking association, as trustee (the “Trustee”) and U.S. Bank National Association, a national banking association, as escrow agent (the “Escrow Agent”). Capitalized terms used but
not defined herein have the respective meanings specified in the Indenture, dated as of May 11, 2010 (the “Indenture”), between the Escrow Company and the Trustee. 

The Company hereby certifies to the Escrow Agent through the undersigned officer as follows: 

1. The Bankruptcy Court has issued a final order, that has not been stayed pending appeal, confirming a Reorganization Plan and the
satisfaction or waiver of all conditions precedent to the effectiveness of such Reorganization Plan has occurred, including the expiration of the 14-day period within which a notice of appeal must be filed in respect of such final order, except for
the release of the Escrow Property (as defined in the Escrow Agreement) and other conditions to be satisfied substantially simultaneously with the release of Escrow Property. 

2. Except as contemplated by the Reorganization Plan proposed by the Company as of April 29, 2010, the cash expenditures to be made
on the Release Date in respect of Specified Claims pursuant to the Reorganization Plan will not exceed $35.0 million. 
 3. No
Default or Event of Default has occurred and is continuing under the Indenture. 
 4. The Company has or will substantially
simultaneously with the release of Escrow Property, receive proceeds from the issuance of common and preferred equity, pursuant to a rights offering or otherwise, of not less than $355.0 million. 

5. Substantially simultaneously with the release of Escrow Property, the respective parties have executed and delivered documents
relating to the Credit Agreement, and the conditions to effectiveness thereunder have been satisfied or waived by the parties thereto, and funds have been borrowed or received or available to be borrowed pursuant to (as necessary to consummate the
Reorganization Plan) the Credit Agreement, which provides for commitments in an aggregate principal amount of not less than $100.0 million (availability subject to borrowing base and advance rate calculations). 

 

 Exhibit A-1 

 6. After giving effect to the consummation of the Reorganization Plan, a Change of Control
has not occurred. 
 7. The Assumption has been consummated and the Company, as obligor in respect of the obligations under the
Notes, has assumed all of the obligations of the Escrow Company under the Notes and the Indenture and the Guarantees of the Notes by the Guarantors are in full force and effect. 

8. The Company and Escrow Company have caused (i) Fried, Frank, Harris, Shriver & Jacobson LLP, to deliver to the Initial
Purchasers on the Release Date their opinion, dated the Release Date, substantially to the effect set forth in Exhibit C-1 to the Purchase Agreement; (i) Shumaker, Loop & Kendrick, LLP, to deliver to the Initial Purchasers on
the Release Date their opinion, dated the Release Date, substantially to the effect set forth in Exhibit C-2 to the Purchase Agreement; and (iii) Timothy W. Hefferon, Vice President, General Counsel and Secretary of the Company, to
deliver to the Initial Purchasers on the Release Date his opinion, dated the Release Date, in form and substance reasonably satisfactory to counsel for the Initial Purchasers. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 Exhibit A-2 

 IN WITNESS WHEREOF, the Company, through the undersigned officer, has signed this
officer’s certificate as of the date first written above. 
  

			
	COOPER-STANDARD AUTOMOTIVE INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Exhibit A-3 

 EXHIBIT B 

Release Notice 

[            ], 2010 

Reference is hereby made to the Escrow Agreement, dated as of May 11 2010 (the “Escrow Agreement”), by and among
CSA Escrow Corporation, a Delaware corporation (the “Escrow Company”), Cooper-Standard Automotive Inc., an Ohio corporation (the “Company”), U.S. Bank National Association, a national banking association, as trustee
(the “Trustee”), and U.S. Bank National Association, a national banking association, as escrow agent (the “Escrow Agent”). Capitalized terms used herein and not defined shall have the respective meanings ascribed to
such terms in the Escrow Agreement. 
 Pursuant to the Escrow Agreement, the Escrow Company hereby authorizes the release by the
Escrow Agent of the Escrow Property in the aggregate amount of: 
 [Choose one of the following as applicable] 

[Choose if a release pursuant to Section 5(a)] 

(a) $7,500,000 representing the Unpaid Discount payable to the Initial Purchasers pursuant to the wire instructions on
Schedule        attached hereto, which Unpaid Discount is two-thirds of the fee payable pursuant to the Purchase Agreement; and 

(b)
$[                        ] representing the excess Escrow Property in the Escrow Account payable to the Company pursuant
to the wire instructions on Schedule        attached hereto.] 
 [Choose if a Special Mandatory
Redemption is triggered and Escrow Property is to be distributed pursuant to Section 5(b)] 
 (a)
$7,500,000 representing the Unpaid Discount payable to the Initial Purchasers pursuant to the wire instructions on Schedule        attached hereto, which Unpaid Discount is two-thirds of the fee payable
pursuant to the Purchase Agreement; 
 (b)
$[                        ] representing the gross proceeds of the Notes, the Specified Premium and the amount of Interest
Deposit and any Additional Interest Deposits, if applicable, calculated based on the number of days from the Closing Date up to, but not including, the date of the Special Mandatory Redemption (the amounts collectively, the “Special
Mandatory Redemption Price”) to the Paying Agent (as defined in the Indenture) pursuant to the wire instructions on Schedule        attached hereto; and 

(c)
$[                        ] representing the excess Escrow Property in the Escrow Account payable to the Escrow Company
pursuant to the wire instructions on Schedule        attached hereto.] 
  

 Exhibit B-1 

 IN WITNESS WHEREOF, the undersigned have caused this Release Notice to be duly executed and
delivered as of the first date written above. 
  

			
	CSA ESCROW CORPORATION
		
	By:	 	  

	Name:	 	
	 Title:
	 	

  

 Exhibit B-2 

 EXHIBIT C 

Redemption Notice 

NOTICE IS HEREBY GIVEN THAT, pursuant to Section 3.07 of the Indenture dated as of May 11, 2010 (the
“Indenture”), by and between CSA Escrow Corporation, a Delaware corporation (the “Escrow Company”), and U.S. Bank National Association, a national banking association, as trustee (the “Trustee”),
all of the outstanding Notes are hereby called for redemption on [            ], 2010 (the “Special Mandatory Redemption Date”) at a redemption price equal to the
sum of 100% of the Gross Proceeds plus 1% of the principal amount of the Notes (as may be increased by the amounts set forth in the definition of “Specified Premium”), together with accrued and unpaid interest on the Notes from the
Issue Date up to but not including the Special Mandatory Redemption Date (the “Special Mandatory Redemption Price”). Capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Indenture.

 If payment is requested to be made to any person other than the registered holder, a written instrument of transfer duly
executed by the registered holder must accompany the Notes. 
 The Notes should be surrendered to the Paying Agent for payment
of the Special Mandatory Redemption Price at the office of the Paying Agent as follows: 
 [By
Mail]         [By Hand]         [By Courier] 

The method chosen for the delivery of the Notes is at the option and risk of the holder. If delivery is by mail, use of registered or
certified mail, properly insured is suggested. Notes held through The Depository Trust Company (“DTC”) or Euroclear/Clearstream should be surrendered for redemption in accordance with DTC or Euroclear/Clearstream as applicable.

  

			
	CSA ESCROW CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Exhibit C-1 

 SCHEDULE I 

Authorized Representatives of CSA Escrow Corporation 
  

					
	 Name
	  	 Title
	 	 Specimen Signature

	Allen J. Campbell	  	President	 	  

			
	Timothy W. Hefferon	  	Vice President	 	  

Authorized Representatives of Cooper-Standard Automotive Inc. 

 

					
	 Name
	  	 Title
	 	 Specimen Signature

	James S. McElya	  	Chief Executive Officer and President	 	  

			
	Allen J. Campbell	  	Vice President and Chief Financial Officer	 	  

			
	Timothy W. Hefferon	  	Vice President, General Counsel and Secretary	 	  

  

 Sch. I-1Restricted Stock Plan

 EXHIBIT 4.1 

UTEK CORPORATION 

RESTRICTED STOCK PLAN 

UTEK Corporation hereby adopts this UTEK Corporation Restricted Stock Plan, effective as of July 8, 2010, with the following terms
and conditions: 
 1. Purpose of Plan. 

The purpose of this UTEK Corporation Restricted Stock Plan is to provide members of the Board, executive officers, key employees,
consultants and advisors of the Company with additional incentives to continue their relationship with the Company, and to more closely align their interests with the interests of the Company’s stockholders by providing such individuals with
awards consisting of shares of the Company’s common stock contingent on their (i) long-term continued employment or relationship with the Company or (ii) the achievement of one or more performance goals. 

This Plan shall be in effect on July 8, 2010, and the Board may grant awards at any time on or after July 8, 2010 provided that
the Plan has been approved by the Company’s stockholders in accordance with the requirements of any national securities exchange on which the Company’s common stock is listed. 

2. Eligibility. 

Members of the Board, executive officers, key employees, consultants and advisors of the Company will be eligible to participate in this
Plan only if they are expressly designated as eligible by the Board of Directors; provided, however, that consultants and advisors are only eligible to participate in the Plan if: (i) the consultant or advisor renders bona fide services to the
Company or any subsidiary of the Company; (ii) the services rendered by the consultant or advisor are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain
a market for the Company’s securities; and (iii) the consultant or advisor is a natural person. Individuals can be added as Participants to the Plan at any time, as determined by the Board. 

3. Definitions 

Unless otherwise required by the context: 
  

	 	A.	“Board” shall mean the Board of Directors of the Company. 

  

	 	B.	“Code” shall mean the Internal Revenue Code of 1986, as amended. 

 

	 	C.	“Common Stock” shall mean the common stock, $0.01 par value, of the Company. 

 

	 	D.	“Company” shall mean UTEK Corporation, a Delaware corporation. 

  

	 	E.	“Participant” shall mean members of the Board of Directors, executive officers, key employees, consultants and advisors of the Company to whom a Restricted
Stock award has been granted under the Plan. 

	 	F.	“Plan” shall mean this UTEK Corporation Restricted Stock Plan. 

  

	 	G.	“Restricted Stock” shall mean shares of the Company’s Common Stock awarded to a Participant under the terms of this Plan. 

4. Eligibility for Grants 

The Board may grant Restricted Stock awards to members of the Board of Directors, executive officers, key employees, consultants and
advisors of the Company. Restricted Stock may be awarded by the Board at any time and from time to time to new Participants, or to then Participants or to a greater or lesser number of Participants, and may include or exclude previous Participants,
as the Board shall determine to be desirable. Restricted Stock awards granted at different times need not contain similar provisions. 

5. Shares Available for Restricted Stock Awards. 

The maximum number of shares of Common Stock that may be issued to Participants as Restricted Stock awards under this Plan shall not
exceed One Million Five Hundred Thousand (1,500,000) shares. If any Restricted Stock award is forfeited, cancelled or surrendered for any reason, the shares of Common Stock constituting such award shall again be available for issuance under the
Plan. 
 6. Restricted Stock Awards 

The Restricted Stock awards the Board grants to Participants under this Plan shall comply with, and be subject to, the following terms and
conditions: 
 A. Award Agreement. For each Restricted Stock award granted to a Participant under this Plan, the Company
will prepare a Restricted Stock Agreement describing the terms and conditions on which the Restricted Stock is issued to the Participant, in the form approved by the Board, or such other form as the Board may approve from time to time. 

B. Size of Awards. Except as provided in Section 5 above, the Board shall determine the number of shares of Restricted Stock
granted to each Participant. Subject to Section 5, the Board shall have complete discretion as to the size of the awards, provided that the maximum number of shares of Restricted Stock that may be granted to a Participant during a single
fiscal year shall not exceed 250,000 shares of Common Stock. The number of shares of Restricted Stock included in each award will be stated in the Participant’s Restricted Stock Agreement, as will the time (or times) at, or condition (or
conditions) upon, which such shares will become vested. 
 C. Vesting of Awards. Except as provided in Section 5
above, the Board shall determine, in its discretion, the time (or times) at, or condition (or conditions) upon, which such Restricted Stock may be issued or become vested. 

 D. Continued Service. The Board may, in its discretion, condition any Restricted
Stock granted under the Plan on the Participant’s agreement to remain in the employ of, or to render services to, the Company for a minimum period of time (specified in the Restricted Stock Agreement) from the date the Restricted Stock award is
granted. No such agreement shall impose upon the Company, however, any obligation to retain the Participant as a director, executive officer, employee, consultant or advisor to the Company for any period of time. 

E. Restrictive Covenants. The Board may in its discretion, require as a condition precedent to the issuance of any Restricted
Stock to a Participant under this Plan, that the Participant agree to be bound by such covenants not to compete, not to solicit clients, employees or vendors of the Company, or similar restrictive covenants as the Board may determine, in its
discretion, to be appropriate or desirable. 
 7. Termination of Restricted Stock Awards 

A Participant’s rights to shares of Common Stock awarded as Restricted Stock under this Plan shall, under all circumstances, be set
forth in the Restricted Stock Agreement governing the award of such shares of Restricted Stock. 
 8. Issuance of
Shares 
 The shares of Common Stock which may be issued to Participants under this Plan may be either authorized and
unissued shares of Common Stock or shares of Common Stock held by the Company as treasury stock. 
 The Board may condition
delivery of the stock certificates for the shares of Common Stock issuable under this Plan upon the prior receipt from the Participant of a signed Restricted Stock Agreement, and any undertaking that the Board may determine to be necessary or
desirable to ensure that the shares are being issued in compliance with all applicable federal and state securities laws. 

9. Withholding Taxes. 

No later than the date as of which an amount first becomes includible in the gross income of a Participant for federal income tax purposes
with respect to any Restricted Stock award under the Plan, including by reason of an election filed by the Participant under Section 83(b) of the Code, such Participant shall pay to the Company, or make arrangements satisfactory to the Board
regarding the payment of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. If approved by the Board, withholding obligations may be settled with Common Stock, including Common Stock
that is part of the Award that gives rise to the withholding requirement. The obligations of the Company to issue shares or allow awards to vest under the Plan shall be conditional on such payment or arrangements, and the Company shall, to the
extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant. The Board may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of
withholding obligations with Common Stock. 

 10. Non-Assignability 

Restricted Stock awards shall not be transferable other than by will or by the law of descent and distribution. 

11. Administration of the Plan. 

This Plan will be administered by the Board. Notwithstanding the preceding sentence, the Board may delegate its authority to administer
the Plan to a committee consisting of two or more persons chosen by the Board. The Board shall interpret this Plan and, to the extent and in the manner contemplated herein, shall exercise the discretion reserved to it hereunder. The Board may
prescribe, amend and rescind rules and regulations relating to this Plan and make all other determinations necessary for its administration. The decision of the Board on any interpretation of this Plan or administration hereof shall be final and
binding with respect to the Company. 
 No agent, employee or officer of the Company will be liable to any person for any action
taken or matters to be taken in connection with the interpretations and administration of the Plan unless it is attributable to willful misconduct or lack of good faith. 

12. Miscellaneous. 

A. Adjustments to Prevent Dilution. In the event of any change or changes in the outstanding Common Stock of the Company by reason
of any stock dividend, recapitalization, reorganization, merger, consolidation, split-up, combination or any similar transaction, the Board shall adjust the number of shares of Common Stock which may be issued under this Plan, the number of shares
of Common Stock theretofore granted under this Plan as Restricted Stock awards, and make any and all other adjustments deemed appropriate by the Board in such manner as the Board deems appropriate to prevent substantial dilution or enlargement of
the rights granted to any Participant. 
 B. Non-Uniform Determination. Any determinations made by the Board under this
Plan (including without limitation determinations of the persons eligible to receive Restricted Stock awards, the amount of such awards, and the terms and provisions of such awards) need not be uniform and may be made by the Board selectively among
persons who receive, or are eligible to receive, Restricted Stock awards under this Plan, whether or not such persons are similarly situated. 

C. No Continuing Right to Participate. A Participant shall not have any right to receive a Restricted Stock award for a fiscal
year merely because he was granted a Restricted Stock award for any prior fiscal year. The right to participate in the Plan shall be subject to a new determination by the Board each fiscal year, and participation in the Plan during any one fiscal
year shall not confer any rights with respect to any subsequent fiscal year. 
 D. Investment Representation. If the
Board determines that a written representation is necessary in order to secure an exemption from registration under the Securities Act of 1933, the Board of Directors may demand that the Participant deliver to the Company at the time of

 
issuance of any Restricted Stock award any written representation that the Board determines to be necessary or appropriate for such purpose, including but not limited to a representation that the
shares to be issued are to be acquired for investment and not for resale or with a view to the distribution thereof. If the Board makes such a demand, delivery of a written representation satisfactory to the Board shall be a condition precedent to
the right of the Participant to acquire shares of Common Stock. 
 E. No Right to Employment. Nothing in this Plan or in
any Restricted Stock Agreement entered into pursuant to it shall confer upon any Participant the right to continue in the employment of the Company or affect any right which the Company may have to terminate the employment of such Participant.

 F. Effect on Other Compensation Plans. Any amounts paid to a Participant as a Restricted Stock award under this Plan
shall not be included in the Participant’s compensation for purposes of determining his level of benefits under any retirement plan or other employee benefit plan of the Company. 

G. Merger, Consolidation or Acquisition. The Plan shall be binding upon the Company, its assigns, and any successor company which
shall succeed to substantially all of its assets and business through merger, acquisition or consolidation, and upon a Participant, his assigns, heirs, executors and administrators. 

13. Applicable Law. 

This Plan shall be governed by the laws of the State of Florida, to the extent not preempted by federal laws. 

14. Amendment and Termination. 

The Board may modify, revise or terminate this Plan at any time and from time to time, subject to applicable requirements in (a) the
Company’s certificate of incorporation or by-laws and (b) applicable law and orders. The Board shall seek stockholder approval of any action modifying a provision of the Plan where it is determined that such stockholder approval is
appropriate under the provisions of (a) applicable law or orders, or (b) the Company’s certificate of incorporation or by-laws. This Plan shall terminate when all shares of Common Stock reserved for issuance hereunder have been issued
and the forfeiture restrictions on all Restricted Stock awards have lapsed, or by action of the Board pursuant to this paragraph, whichever shall first occur. 

Adopted this 8th day of July, 2010.

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