Document:

Exhibit 10.7

 Exhibit 10.7 
 2013 NONEMPLOYEE DIRECTOR 
 RESTRICTED STOCK AGREEMENT 

This 2013 Nonemployee Director Restricted Stock Agreement (this “Agreement”) is between OCEANEERING
INTERNATIONAL, INC. (the “Company”) and DAVID S. HOOKER (the “Participant”), a nonemployee Director, regarding an award (“Award”)
of            shares of Common Stock (as defined in the 2010 INCENTIVE PLAN OF OCEANEERING INTERNATIONAL,
INC. (the “Plan”), such Common Stock comprising this Award referred to herein as “Restricted Stock”), awarded to the Participant effective February 22, 2013 (the “Award Date”), such number of shares
subject to adjustment as provided in Section 15 of the Plan, and further subject to the following terms and conditions: 

1. Relationship to Plan. This Award is subject to all of the terms, conditions and provisions of the Plan and administrative
interpretations thereunder, if any, which have been adopted by the Board thereunder and are in effect on the date hereof. Except as defined or otherwise specifically provided herein, capitalized terms shall have the same meanings ascribed to them
under the Plan. 
 2. Vesting and Lapse of Restrictions. 

(a) All shares of Restricted Stock subject to this Award shall vest in full (and all restrictions thereon shall lapse) on
the first anniversary of the Award Date, provided the Participant is a Director on such anniversary. 
 (b)
All shares of Restricted Stock (and any substitute security and cash component distributed in connection with a Change of Control) subject to this Award shall vest in full (and all restrictions thereon shall lapse), irrespective of the provision set
forth in subparagraph (a) above, provided that the Participant has been in continuous service as a Director since the Award Date, upon the earliest to occur of: 

(i) the Participant’s death; 
 (ii) the Participant’s retirement from his position as a Director of the Company, provided that such retirement is not before the date of the election of Class III members of the Board at the 2013
annual meeting of shareholders of the Company; or 
 (iii) a Change of Control. 

(c) For purposes of this Agreement: 

(i) “Change of Control” means: 

  
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 (A) any Person is or becomes the “beneficial owner” (as defined
in Rule 13d-3 under the Exchange Act and the rules and regulations promulgated thereunder), directly or indirectly, of securities of the Company representing 20% or more of the combined voting power of the Company’s outstanding Voting
Securities, other than through the purchase of Voting Securities directly from the Company through a private placement; or 
 (B) individuals who constitute the Board on the date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a Director
subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least two-thirds of the Directors comprising the Incumbent Board shall from and after such election be deemed
to be a member of the Incumbent Board; or 
 (C) the Company is merged or consolidated with another corporation
or entity, and as a result of such merger or consolidation less than 60% of the outstanding Voting Securities of the surviving or resulting corporation or entity shall then be owned by the former shareholders of the Company; or 

(D) the consummation of a (i) tender offer or (ii) exchange offer by a Person other than the Company for the
ownership of 20% or more of the Voting Securities of the Company then outstanding; or 
 (E) all or
substantially all of the assets of the Company are sold or transferred to a Person as to which: 
 (1) the
Incumbent Board does not have authority (whether by law or contract) to directly control the use or further disposition of such assets; and 
 (2) the financial results of the Company and such Person are not consolidated for financial reporting purposes. 
 (F) Anything else in this definition to the contrary notwithstanding: 
 (1) no Change of Control shall be deemed to have occurred by virtue of any transaction which results in the Participant, or a group of Persons which includes the Participant, acquiring more than 20% of
either the combined voting power of the Company’s outstanding Voting Securities or the Voting Securities of any other corporation or entity which acquires all or substantially all of the assets of the Company, whether by way of merger,
consolidation, sale of such assets or otherwise; and 

  
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 (2) no Change of Control shall be deemed to have occurred unless such event
constitutes an event specified in Code Section 409A(a)(2)(A)(v) and the Treasury regulations promulgated thereunder. 
 (ii) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 
 (iii) “Person” means, any individual, corporation, partnership, “group” (as such term is used in Rule 13d-5 under the Exchange Act), association or other “person,” as such
term is used in Sections 13(d) and 14(d) of the Exchange Act, and the related rules and regulations promulgated thereunder. 
 (iv) “Voting Securities” means, with respect to any corporation or other business enterprise, those securities, which under ordinary circumstances are entitled to vote for the election of
directors or others charged with comparable duties under applicable law. 
 3. Forfeiture of Award. If the
Participant’s service as a Director terminates under any circumstances (except those provided in Paragraph 2 of this Agreement or in any other written agreement between the Participant and the Company which provides for vesting of the
Restricted Stock granted hereby), all unvested Restricted Stock as of the termination date shall be forfeited. 
 4.
Registration of Shares. The Participant’s right to receive the Restricted Stock shall be evidenced by book-entry registration (or by such other manner as the Committee may determine) at the beginning of the Restriction Period. Upon
termination of the Restriction Period, a certificate representing such shares shall be delivered upon written request to the Participant as promptly as is reasonably practicable following such termination. 

5. Code Section 83(b) Election. The Participant shall be permitted to make an election under Code Section 83(b) to
include an amount in income in respect of the Award of Restricted Stock in accordance with the requirements of Code Section 83(b). 
 6. Dividends and Voting Rights. The Participant is entitled to receive all dividends and other distributions made with respect to Restricted Stock registered in his name and is entitled to vote or
execute proxies with respect to such registered Restricted Stock, unless and until the Restricted Stock is forfeited. 

  
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 7. Delivery of Shares. The Company shall not be obligated to deliver any shares of
Common Stock if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any governmental authority or any rule or regulation of, or agreement of the Company with, any securities
exchange or association upon which the Common Stock is listed or quoted. The Company shall in no event be obligated to take any affirmative action in order to cause the delivery of shares of Common Stock to comply with any such law, rule, regulation
or agreement. 
 8. Notices. Unless the Company notifies the Participant in writing of a different procedure, any notice
or other communication to the Company with respect to this Agreement or the Plan shall be in writing addressed to the Corporate Secretary of the Company and shall be: (a) by registered or certified United States mail, postage prepaid, to 11911
FM 529, Houston, Texas 77041-3011; or (b) by hand delivery or otherwise to 11911 FM 529, Houston, Texas 77041-3011. Any such notice shall be deemed effectively delivered or given upon receipt. 

Notwithstanding the foregoing, in the event that the address of the Company’s principal executive offices is changed prior to the
date of any settlement of this Award, notices shall instead be made pursuant to the foregoing provisions at the then-current address of the Company’s principal executive offices. 

Any notice or other communication to the Participant with respect to this Agreement or the Plan shall be given in writing and shall be
deemed effectively delivered or given upon receipt or, in the case of notices mailed by the Company to the Participant, five days after deposit in the United States mail, postage prepaid, addressed to the Participant at the address specified at the
end of this Agreement or at such other address as the Participant hereafter designates by written notice to the Company. 

9. Assignment of Award. Except as otherwise permitted by the Committee and as provided in the immediately following paragraph, the
Participant’s rights under the Plan and this Agreement are personal, and no assignment or transfer of the Participant’s rights under and interest in this Award may be made by the Participant other than by a domestic relations order. This
Award is payable during his lifetime only to the Participant, or in the case of a Participant who is mentally incapacitated, this Award shall be payable to his guardian or legal representative. 

The Participant may designate a beneficiary or beneficiaries (the “Beneficiary”) to whom the Award under this Agreement, if
any, will pass upon the Participant’s death and may change such designation from time to time by filing with the Company a written designation of Beneficiary on the form attached hereto as Exhibit A, or such other form as may be prescribed by
the Committee; provided that no such designation shall be effective unless so filed prior to the death of the Participant and no such designation shall be effective as of a date prior to receipt by the Company. The Participant may change his
Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Company. The last such designation that the Company receives in accordance with the foregoing provisions will be controlling. Following the
Participant’s death, the Award, if any, will pass to the designated Beneficiary and such person will be deemed the Participant for purposes of any applicable provisions of this Agreement. If no such designation is made or if the designated
Beneficiary does not survive the Participant’s death, the Award shall pass by will or, if none, then by the laws of descent and distribution. 

  
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 10. Withholding. The Company’s obligation to deliver shares of Restricted Stock
to the Participant upon the vesting of such shares shall be subject to the satisfaction of all applicable withholding requirements including those related to federal, state and local income and employment taxes (the “Required
Withholding”). The Company may withhold from the Restricted Stock that would otherwise have been delivered to the Participant the number of shares necessary to satisfy the Participant’s Required Withholding, and deliver the remaining
shares of Restricted Stock to the Participant, unless the Participant has made arrangements with the Company for the Participant to deliver to the Company cash, check, other available funds or shares of previously owned Common Stock for the full
amount of the Required Withholding by 5:00 p.m. Central Standard Time on the date the shares of Restricted Stock become vested. The amount of the Required Withholding and the number of shares to satisfy the Participant’s Required Withholding
shall be based on the Fair Market Value of the shares on the date prior to the applicable date of vesting. 
 11. Stock
Certificates. Any certificate representing the Common Stock issued pursuant to the Award will bear all legends required by law and necessary or advisable to effectuate the provisions of the Plan and this Award. The Company may place a “stop
transfer” order against shares of the Common Stock issued pursuant to this Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends referred to in this Section 11 have been complied with.

 12. Successors and Assigns. This Agreement shall bind and inure to the benefit of and be enforceable by the
Participant, the Company and their respective permitted successors and assigns (including personal representatives, heirs and legatees), except that the Participant may not assign any rights or obligations under this Agreement except to the extent
and in the manner expressly permitted in Section 9 of this Agreement. 
 13. No Service as Director Guaranteed. No
provision of this Agreement shall confer any right upon the Participant to continued service with the Company as a Director. 

14. Code Section 409A Compliance. This Award is intended to satisfy the requirements of Section 409A of the Code or,
alternatively, the short-term deferral exclusion under Section 409A of the Code and related regulations and Treasury pronouncements. 
 15. Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Texas, excluding any choice of law provision thereof that would result in
the application of the laws of any other jurisdiction. 
 16. Amendment. Except as set forth herein, this Agreement
cannot be modified, altered or amended except by an agreement, in writing, signed by both the Company and the Participant. 

  
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		 		 	OCEANEERING INTERNATIONAL, INC.
				
	Award Date: February 22, 2013	 		 	By:	 	 
		 		 		 	 David K. Lawrence
 Vice
President, General Counsel
 and Secretary

	
	 The Participant hereby accepts the foregoing 2013 Nonemployee Director Restricted Stock Agreement, subject to the terms and provisions of
the Plan and administrative interpretations thereof referred to above.

			
		 		 	PARTICIPANT:
			
	Date:                            
	 		 	  

			
		 		 	Participant’s Address:
			
		 		 	  

			
		 		 	  

			
		 		 	  

 Exhibit A to 2013 Nonemployee Director 

Restricted Stock Agreement 
 Designation of Beneficiary 
 I,
                        (“Participant”), hereby declare that upon my death,
                         (the “Beneficiary”)
of                        (address), who is
my                        (relationship), will be entitled to the Award which may become payable under the Plan and all other
rights accorded the Participant under the Participant’s 2013 Nonemployee Director Restricted Stock Agreement (capitalized terms used but not defined herein have the respective meanings assigned to them in such agreement). 

It is understood that this designation of Beneficiary is made pursuant to the Agreement and is subject to the conditions stated therein,
including the Beneficiary’s survival of Participant. If any such condition is not satisfied, such rights shall devolve according to the Participant’s last will and testament, or if none, then the laws of descent and distribution.

 It is further understood that all prior designations of beneficiary under the Agreement are hereby revoked upon the filing of
this designation with the Company. This designation of Beneficiary may only be revoked in writing, signed by the Participant, and filed with the Corporate Secretary of the Company prior to the Participant’s death. 

 

			
	
		
		 	 
		 	Participant
		
		 	 
		 	 Date

  
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 Exhibit 10.3 
 STANCORP FINANCIAL GROUP, INC. 
 1999 EMPLOYEE SHARE PURCHASE PLAN

 (as amended as of November 30, 2012) 
 1. Purpose of the Plan. StanCorp Financial Group, Inc. (the “Company”) believes that ownership of shares of its Common Stock by employees of the Company and its Participating Subsidiaries
(hereinafter defined) is desirable as an incentive to better performance and improvement of profits, and as a means by which employees may share in the rewards of growth and success. The purpose of the 1999 Employee Share Purchase Plan (the
“Plan”) is to provide a convenient means by which employees of the Company and Participating Subsidiaries may purchase the Company’s shares through payroll deductions and a method by which the Company may assist and encourage such
employees to become share owners. 
 2. Shares Reserved for the Plan. There are 3,500,000 shares of the Company’s
authorized Common Stock reserved for issuance under the Plan. The number of shares reserved for issuance under the Plan is subject to adjustment in the event of any stock dividend, stock split, combination of shares, recapitalization or other change
in the outstanding Common Stock of the Company. The determination of whether an adjustment shall be made and the manner of any such adjustment shall be made by the Board of Directors of the Company, which determination shall be conclusive.

 3. Administration of the Plan. The Plan shall be administered by the Board of Directors of the Company (the
“Board of Directors”). The Board of Directors may promulgate rules and regulations for the operation of the Plan, adopt forms or electronic or telephonic procedures for use in connection with the Plan, and decide any question of
interpretation of the Plan or rights arising thereunder. The Board of Directors may consult with counsel for the Company on any matter arising under the Plan. All determinations and decisions of the Board of Directors shall be conclusive.
Notwithstanding the foregoing, the Board of Directors, if it so desires, may delegate to the Compensation Committee of the Board the authority for general administration of the Plan. 

4. Eligible Employees. Except as indicated below all regular employees of the Company and of each of the Company’s subsidiary
corporations which is designated by the Board of Directors as a participant in the Plan (such participating subsidiary being hereinafter called a “Participating Subsidiary) are eligible to participate in the Plan. Any employee who would, after
a purchase of shares under the Plan, own or be deemed (under Section 424(d) of the Internal Revenue Code of 1986, as amended (the “Code”) to own stock (including stock subject to any outstanding options held by the employee)
possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or any parent or subsidiary of the Company, shall be ineligible to participate in the Plan. A “regular employee” is a person who has
been in the employ of the Company or a Participating Subsidiary for at least one calendar month and whose employment relationship has not terminated (as determined under Section 1.421-1(h)(2) of U.S. Treasury Regulations or a successor
regulations), excluding, however, any employee whose customary employment is less than 20 hours per week. 

  
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 5. Offerings. 

(a) Offering Periods. Commencing on January 1, 2012, the Plan shall be implemented by a series of six-month offering
periods (“Offering Periods”), with a new Offering Period commencing on February 2 and August 2 of each year; provided, however, that for transitional purposes a one-time seven-month Offering Period shall commence on
January 3, 2012. Each Offering Period commencing on February 2 of any year (as well as the Offering Period commencing on January 3, 2012) shall end on August 1 of that year Each Offering Period commencing on August 2 of any
year shall end on February 1 of the following year. The first day of each Offering Period is the “Offering Date” and the last day of each Offering Period is the “Purchase Date” for the Offering Period. Notwithstanding the
foregoing provisions of this paragraph 5(a), (i) if an Offering Date would fall on a day on which the public equity securities markets in the United States are not open for trading (a “Non-trading Day”), the Offering Date shall
instead occur on the next day on which such markets are open for trading (a “Trading Day”), and (ii) if a Purchase Date would fall on a Non-trading Day, the Purchase Date shall instead occur on the preceding Trading Day. 

(b) Grants; Limitations. On each Offering Date, each eligible employee is hereby granted an option under the Plan to
purchase shares of Common Stock on the Purchase Date for that Offering Period for the price determined under paragraph 7 of the Plan exclusively through payroll deductions authorized under paragraph 6 of the Plan; provided, however, that
(i) no such option shall permit the purchase of more than 2,500 shares, and (ii) no option may be granted under the Plan that would allow an employee’s right to purchase shares under all stock purchase plans of the Company and its
parents and subsidiaries to which Section 423 of the Code applies to accrue at a rate that exceeds $25,000 of fair market value of shares (determined at the Offering Date) for each calendar year in which such option is outstanding. 

6. Participation in the Plan. 
 (a) Initiating Participation. An eligible employee may participate in an Offering Period under the Plan by filing with the Custodian no later than ten days prior to the Offering Date,
on forms furnished by the Custodian or pursuant to electronic or telephonic procedures established by the Custodian, a subscription and payroll deduction authorization. Once filed, a subscription and payroll deduction authorization shall remain in
effect for subsequent Offering Periods unless amended or terminated. The payroll deduction authorization will take effect on the Offering Date and will authorize the employing entity to make payroll deductions in the specified amount from each
paycheck of the participating employee. Payroll deductions for any Offering Period commencing on or before August 2, 2012 may not exceed 10% of the gross amount of total cash compensation in the aggregate payable to the employee for such
Offering Period. Payroll deductions for any Offering Period commencing on or after February 2, 2013 may not exceed the lesser of (i) $5,000, or (ii) 5% of the gross amount of total cash compensation in the aggregate payable to the
employee for such Offering Period. Total cash compensation does not include amounts paid under disability plans. If a payroll deduction is made by a Participating Subsidiary, that entity will promptly remit the amount of the deduction to the
Company. 

  
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 (b) Amending or Terminating Participation. A participating employee may
amend his or her payroll deduction authorization once during any Offering Period, to reduce the amount of future payroll deductions, with effect during the remaining part of the Offering Period. Other amendments to the payroll deduction
authorization will not become effective until the next following Offering Period. A permitted change in payroll deductions shall be effective for any pay period only if notice is received by the Custodian at least ten business days before the payday
on which the change will become effective. After an employee has begun participating in the Plan, he or she may terminate participation in the Plan by notice received by the Custodian at any time up to the tenth day before a Purchase Date. Any
notices required under this paragraph 6(b) shall be in writing, unless electronic or telephonic procedures are then in effect in which case the notices shall be in the form required under those procedures. Participation in the Plan shall also
terminate when a participant ceases to be an eligible employee for any reason, including death or retirement. Determination of when the employment relationship terminates for this purpose shall be made under Section 1.421-1(h)(2) of U.S.
Treasury Regulations or successor regulations. A participant may not reinstate participation in the Plan with respect to a particular Offering Period after once terminating participation in the Plan with respect to that Offering Period. Upon
termination of a participant’s participation in the Plan, all amounts deducted from the participant’s pay and not previously used to purchase shares under the Plan shall be returned to the participant, without interest. 

7. Option Price. The price at which shares shall be purchased in an Offering Period commencing on or before August 2, 2012
shall be the lower of (a) 85% of the fair market value of a share of Common Stock on the Offering Date of the applicable Offering Period or (b) 85% of the fair market value of a share of Common Stock on the Purchase Date. The price at
which shares shall be purchased in an Offering Period commencing on or after February 2, 2013 shall be the lower of (a) 95% of the fair market value of a share of Common Stock on the Offering Date of the applicable Offering Period or
(b) 95% of the fair market value of a share of Common Stock on the Purchase Date. The fair market value of a share of Common Stock on any date shall be the closing price of a share of Common Stock as shown on the New York Stock Exchange
Composite Transactions Listing for such date, as published in The Wall Street Journal. In the event that the Common Stock is not listed on the New York Stock Exchange or the price is no longer shown on the New York Stock Exchange Composite
Transactions Listing, the Board of Directors shall substitute a comparable source of closing price information. 
 8. Newly
Eligible Employees. A person who becomes an eligible employee after the Offering Date of an Offering Period shall not be eligible to participate in such Offering Period but may participate in any subsequent Offering Period provided he or she is
still an eligible employee as of the Offering Date of such subsequent Offering Period. 
 9. Purchase of Shares. All
amounts withheld from the pay of a participant shall be credited to his or her account under the Plan by the Custodian appointed under paragraph 10. No interest will be paid on such accounts unless the Board of Directors determines otherwise. On
each Purchase Date of an Offering Period, the amount of the account of each participant will be applied to the purchase of whole shares by such participant from the Company at the price determined under paragraph 7. Any cash balance remaining in a
participant’s account after a Purchase Date because it was less than the amount required to purchase a full share shall be retained in the participant’s account for the next Offering Period. 

  
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 10. Delivery and Custody of Shares. Shares purchased by participants pursuant to the
Plan will be held in the custody of such investment or financial firm (the “Custodian”) as shall be appointed by the Board of Directors. The Custodian may hold shares purchased pursuant to the Plan in book entry form and may commingle
shares in its custody pursuant to the Plan in a single account without identification as to individual participants. By appropriate instructions to the Custodian on forms to be provided for that purpose, a participant may from time to time obtain
(a) transfer into the participant’s own name of some or all of the shares held by the Custodian for the participant’s account and delivery of such shares to the participant; (b) transfer of some or all of the shares held for the
participant’s account by the Custodian to a regular individual brokerage account in the participant’s own name, either with the firm then acting as Custodian or with another firm, or (c) sale of some or all of the shares held by the
Custodian for the participant’s account at the market price at the time the order is executed and remittance of the net proceeds of sale to the participant. Upon termination of participation in the Plan, a participant may elect to have the
shares held by the Custodian for his or her account transferred and delivered in accordance with (a) above, transferred to a brokerage account in accordance with (b), or sold in accordance with (c). 

11. Records and Statements. The Custodian will maintain the records of the Plan. As soon as practicable after each Purchase Date
the Custodian will furnish to each participant a statement showing the activity in the participant’s account for the period covered by the statement and the cash and share balances in the account as of the Purchase Date. Participants will be
furnished such other reports and statements, and at such intervals, as the Board of Directors shall determine from time to time. 
 12. Expense of the Plan. The Company will pay all expenses incident to operation of the Plan, including costs of record keeping, accounting fees, legal fees, commissions and issue or transfer taxes
on purchases pursuant to the Plan and on delivery of shares to a participant or into his or her brokerage account. The Company will not pay expenses, commissions or taxes incurred in connection with sales of shares by the Custodian at the request of
a participant. Expenses to be paid by a participant will be deducted from the proceeds of sale prior to remittance. 
 13.
Rights Not Transferable. The right to purchase shares under this Plan is not transferable by a participant, and such right is exercisable during the participant’s lifetime only by the participant. Upon the death of a participant, any
cash or shares held for the participant’s account shall be transferred to the persons entitled thereto under the laws of the state of domicile of the participant upon a proper showing of authority. 

14. Dividends and Other Distributions. Cash dividends and other cash distributions, if any, on shares held by the Custodian will
be paid currently to the participants entitled thereto unless the Company subsequently adopts a dividend reinvestment plan and the participant directs that his or her cash dividends be invested in accordance with such plan. Stock dividends and other
distributions in shares of the Company on shares held by the Custodian shall be issued to the Custodian and held by it for the account of the respective participants entitled thereto. 

  
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 15. Voting and Shareholder Communications. In connection with voting on any matter
submitted to the shareholders of the Company, the Custodian will furnish to each participant a proxy authorizing the participant to vote the shares held by the custodian for his account. Copies of all general communications to shareholders of the
Company will be sent to participants in the Plan. 
 16. Tax Withholding. Each participant who has purchased shares under
the Plan shall immediately upon notification of the amount due, if any, pay to the Company in cash amounts necessary to satisfy any applicable federal, state, local, national or other governmental tax withholding determined by the Company to be
required in any country having taxing jurisdiction. If the Company determines that additional withholding is required beyond any amount deposited at the time of purchase, the participant shall pay such amount to the Company on demand. If the
participant fails to pay the amount demanded, the Company may withhold that amount from other amounts payable by the Company to the participant, including salary, subject to applicable law. 

17. Responsibility and Indemnity. Neither the Company, its Board of Directors, the Custodian, any Participating Subsidiary, nor
any member, officer, agent, or employee of any of them, shall be liable to any participant under the Plan for any mistake of judgment or for any omission or wrongful act unless resulting from gross negligence, willful misconduct or intentional
misfeasance. The Company will indemnify and save harmless its Board of Directors, the Custodian and any such member, officer, agent or employee against any claim, loss, liability or expense arising out of the Plan, except such as may result from the
gross negligence, willful misconduct or intentional misfeasance of such entity or person. 
 18. Conditions and Approvals.
The obligations of the Company under the Plan shall be subject to and conditioned upon compliance with all applicable state, federal and foreign laws and regulations, compliance with the rules of any stock exchange or market on which the
Company’s securities may be listed, and approval of such federal, state and foreign authorities or agencies as may have jurisdiction over the Plan or the Company. The Company will use its best effort to comply with such laws, regulations and
rules and to obtain such approvals. 
 19. Amendment of the Plan. The Board of Directors of the Company may from time to
time amend the Plan in any and all respects, except that without the approval of the shareholders of the Company, the Board of Directors may not increase the number of shares reserved for the Plan or decrease the purchase price of shares
offered pursuant to the Plan. 
 20. Termination of the Plan. The Plan shall terminate when all of the shares reserved
for purposes of the Plan have been purchased, provided that the Board of Directors in its sole discretion may at any time terminate the Plan without any obligation on account of such termination, except as hereinafter in this paragraph provided.
Upon termination of the Plan, the cash and shares, if any, held in the account of each participant shall forthwith be distributed to the participant or to the participant’s order, provided that if prior to the termination of the Plan,

  
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the Board of Directors and shareholders of the Company shall have adopted and approved a substantially similar plan, the Board of Directors may in its discretion determine that the account of
each participant under this Plan shall be carried forward and continued as the account of such participant under such other plan, subject to the right of any participant to request distribution of the cash and shares, if any, held for his account.

 21. Effective Date of the Plan. The Plan shall become effective on the effective date of the Company’s initial
public offering, subject to prior or subsequent approval by the affirmative vote, in person or by proxy, of the holders of at least a majority of the shares of the Company represented and voting on the approval of the Plan at a validly held meeting
of the shareholders. 

  
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