Document:

EX-10.12

 Exhibit 10.12 

Execution Version 

SECOND LIEN GUARANTEE 

SECOND LIEN GUARANTEE, dated as of October 22, 2018 (this “Guarantee”), made among GLOBE INTERMEDIATE CORP., a
Delaware corporation (“Holdings”; as further defined in the Credit Agreement), GOBP HOLDINGS, INC., a Delaware corporation (the “Borrower” as further defined in the Credit Agreement), each of the subsidiaries of the
Borrower listed on Annex A hereto or that becomes a party hereto pursuant to Section 21 hereof (each such subsidiary, individually, a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors”; and
together with Holdings and, other than with respect to its own obligations, the Borrower, collectively, the “Guarantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as collateral agent for the Second Lien Secured Parties (as defined
below) (in such capacity, together with its successors, assigns, designees and sub-agents in such capacity, the “Second Lien Collateral Agent”). 

W I T N E S S E T H: 

WHEREAS, (a) pursuant to the Second Lien Credit Agreement, dated as of October 22, 2018 (the “Credit Agreement”),
among Holdings, the Borrower, the banks, financial institutions and other investors from time to time party thereto (the “Lenders”), MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent, and Collateral Agent, and the other
parties thereto, the Lenders have severally agreed to make Loans to the Borrower, (b) one or more Hedge Banks may from time to time enter into Secured Hedging Agreements with any Credit Party or any Restricted Subsidiary, (c) one or more
Cash Management Banks may from time to time provide Cash Management Services pursuant to Secured Cash Management Agreements to any Credit Party or any Restricted Subsidiary and (d) the Credit Parties may incur Additional Second Lien Obligations
(as defined below) from time to time to the extent permitted by the Credit Agreement and each Additional Second Lien Agreement (as defined below) (clauses (a), (b), (c) and (d), collectively, the “Extensions of Credit”); 

WHEREAS, Holdings is an affiliate of the Borrower and each Subsidiary Guarantor is a Subsidiary of the Borrower; 

WHEREAS, the proceeds of the Extensions of Credit will be used in part to finance the Existing Debt Refinancing, the 2018 Dividend and/or the
Transaction Expenses and for other general corporate purposes of the Borrower and its subsidiaries; 
 WHEREAS, each Guarantor acknowledges
that it will derive a substantial direct and indirect benefit from the making of the Extensions of Credit; and 
 WHEREAS, it is a condition
precedent to the obligations of the Lenders to make their respective Extensions of Credit to the Borrower under the Credit Agreement that the Guarantors shall have executed and delivered this Guarantee to the Second Lien Collateral Agent for the
benefit of the Second Lien Secured Parties. 
 NOW, THEREFORE, in consideration of the premises and to induce the Agents, the Lenders to
enter into the Credit Agreement and to induce the Lenders to make their respective Extensions of Credit to the Borrower under the Credit Agreement, to induce the holders of any Additional Second Lien Obligations to make their advances thereunder, to
induce one or more Hedge Banks to enter into Secured Hedging Agreements with any Credit Party or any Restricted Subsidiary and to induce one or more Cash Management Banks pursuant to Secured Cash Management Agreements to provide Cash

 
Management Services to any Credit Party or any Restricted Subsidiary and the Guarantors, as applicable, hereby agree with the Second Lien Collateral Agent, for the benefit of the Second Lien
Secured Parties, as follows: 
 1.    Defined Terms. 

(a)    Unless otherwise defined herein, terms defined in the Credit Agreement and used herein (including terms used in the
preamble and recitals hereto) shall have the meanings given to them in the Credit Agreement. Furthermore, unless otherwise defined herein or in the Credit Agreement, terms defined in the Security Agreement and used herein shall have the meanings
assigned to them in the Security Agreement. 
 (b)    The rules of construction and other interpretative provisions
specified in Sections 1.2, 1.5, 1.6, 1.7, 1.8, 1.10 and 1.11 of the Credit Agreement shall apply to this Guarantee, including terms defined in the preamble and recitals hereto. 

(c)    As used herein, the term “Additional Second Lien Agreement” shall have the meaning assigned to the
term “Additional Second Lien Agreement” in the Security Agreement. 
 (d)    As used herein, the term
“Additional Second Lien Obligations” shall have the meaning assigned to the term “Additional Second Lien Obligations” in the Security Agreement. 

(e)    As used herein, the term “Second Lien Obligations” shall have the meaning assigned to the term
“Second Lien Obligations” in the Security Agreement. 
 (f)    As used herein, the term “Second Lien
Secured Parties” shall have the meaning assigned to the term “Second Lien Secured Parties” in the Security Agreement. 

(g)    As used herein, the term “Security Agreement” shall have the meaning assigned to the term
“Security Agreement” in the Credit Agreement. 
 (h)    As used herein, the term “Termination
Date” shall have the meaning assigned to the term “Termination Date” in the Security Agreement. 

2.    Guarantee. 

(a)    Subject to the provisions of Section 2(b), each of the Guarantors hereby, jointly and severally,
unconditionally and irrevocably, guarantees, as primary obligor and not merely as surety, to the Second Lien Collateral Agent for the benefit of the Second Lien Secured Parties, the prompt and complete payment (and not of collection) and performance
when due (whether at the stated maturity, by acceleration or otherwise) of the Second Lien Obligations (other than, in the case of the Borrower, in respect of its own obligations), whether currently existing or hereafter incurred. In furtherance of
the foregoing and not in limitation of any other right that the Second Lien Collateral Agent or any other Second Lien Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Credit
Party to pay any Second Lien Obligation when and as the same shall become due (whether at the stated maturity, by acceleration or otherwise), each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Second Lien
Collateral Agent for distribution to the applicable Second Lien Secured Parties the amount of such unpaid Second Lien Obligation. Upon payment by any Guarantor of any sums to the Second Lien Collateral Agent as provided above, all rights of such
Guarantor against the Borrower or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Sections 3 and 5 hereof. 

(b)    Anything herein or in any other Credit Document or in any Additional Second Lien Agreement to the contrary
notwithstanding, the maximum liability of each Subsidiary Guarantor 

  
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hereunder and under the other Credit Documents and any Additional Second Lien Agreement shall in no event exceed the amount that can be guaranteed by such Subsidiary Guarantor under Applicable
Laws relating to the insolvency of debtors. 
 (c)    To the extent the Borrower would be required to do so pursuant to
Section 13.5 of the Credit Agreement (whether or not then in effect) or any comparable provision of any Additional Second Lien Agreement, each Guarantor further agrees to pay any and all reasonable and documented
out-of-pocket costs and expenses (including all reasonable fees and disbursements of counsel) that may be paid or incurred by the Second Lien Collateral Agent or any
other Second Lien Secured Party in enforcing or preserving any rights with respect to, or collecting, any or all of the Second Lien Obligations and/or enforcing any rights with respect to, or collecting against, such Guarantor under this Guarantee.

 (d)    Each Guarantor agrees that the Second Lien Obligations may at any time and from time to time exceed the amount
of the liability of such Guarantor hereunder without impairing this Guarantee or affecting the rights and remedies of the Second Lien Collateral Agent or any other Second Lien Secured Party hereunder. 

(e)    No payment or payments made by the Borrower, any Guarantor, any other guarantor or any other Person or received or
collected by the Second Lien Collateral Agent or any other Second Lien Secured Party from the Borrower, any Guarantor, any other guarantor or any other Person by virtue of any action or proceeding or any
set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Second Lien Obligations shall be deemed to modify, reduce, release or otherwise affect the
liability of any Guarantor hereunder, which shall, notwithstanding any such payment or payments other than payments made by such Guarantor in respect of the Second Lien Obligations or payments received or collected from such Guarantor in respect of
the Second Lien Obligations, remain liable for the Second Lien Obligations up to the maximum liability of such Guarantor hereunder until the Termination Date. 

(f)    Each Guarantor agrees that whenever, at any time, or from time to time, it shall make any payment to the Second
Lien Collateral Agent or any other Second Lien Secured Party on account of its liability hereunder, it will notify the Second Lien Collateral Agent in writing that such payment is made under this Guarantee for such purpose. 

(g)    Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s and each
other Credit Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Second Lien Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs
hereunder, and agrees that none of the Second Lien Collateral Agent or the other Second Lien Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

(h)    The Borrower, unconditionally and irrevocably, with respect to each other Guarantor (other than with respect to any
Guarantor, any Excluded Swap Obligations of such Guarantor), guarantees such Guarantor’s guarantee of any Hedging Agreement entered into by a Hedge Bank. The obligations of the Borrower under this Section 2(h) shall remain in full force
and effect until the discharge of the Second Lien Obligations in accordance with the Credit Documents. The Borrower intends that this Section 2(h) constitute, and this Section 2(h) shall be deemed to constitute, a guarantee or other
agreement for the benefit of each other Guarantor for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

3.    Right of Contribution. Each Guarantor hereby agrees that to the extent a Guarantor shall have paid more than
its proportionate share of any payment made hereunder, such 

  
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Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right
of contribution shall be subject to the terms and conditions of Section 5 hereof. The provisions of this Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the Second Lien Collateral Agent and the other
Second Lien Secured Parties, and each Guarantor shall remain liable to the Second Lien Collateral Agent and the other Second Lien Secured Parties for the full amount guaranteed by such Guarantor hereunder. 

4.    Right of Set-off. In addition to any rights and remedies of the
Second Lien Secured Parties provided by Applicable Law, each Guarantor hereby irrevocably authorizes each Second Lien Secured Party at any time and from time to time following the occurrence and during the continuance of an Event of Default without
notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each Guarantor, upon any amount becoming due and payable by such Guarantor hereunder (whether at stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency,
in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Second Lien Secured Party to or for the credit or the account of such Guarantor. Each Second Lien Secured Party shall notify
such Guarantor and the Second Lien Collateral Agent promptly of any such set-off and the appropriation and application made by such Second Lien Secured Party; provided that the failure to give such
notice shall not affect the validity of such set-off and appropriation and application. 

5.    No Subrogation. Notwithstanding any payment or payments made by any of the Guarantors hereunder or any set-off or appropriation and application of funds of any of the Guarantors by the Second Lien Collateral Agent or any other Second Lien Secured Party, no Guarantor shall be entitled to be subrogated to any of the
rights of the Second Lien Collateral Agent or any other Second Lien Secured Party against the Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Second Lien Collateral Agent or any other Second
Lien Secured Party for the payment of the Second Lien Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Borrower or any other Guarantor in respect of payments made by such Guarantor
hereunder, until the Termination Date. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time prior to the Termination Date, such amount shall be held by such Guarantor in trust for the Second Lien Collateral
Agent and the other Second Lien Secured Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Second Lien Collateral Agent in the exact form received by such Guarantor
(duly indorsed by such Guarantor to the Second Lien Collateral Agent, if required), to be applied against the Second Lien Obligations, whether due or to become due, in accordance with Section 5.4 of the Security Agreement. 

6.    Amendments, etc. with Respect to the Second Lien Obligations; Waiver of Rights. Except for termination of a
Guarantor’s obligations hereunder as expressly provided in Section 25, each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by
any Guarantor, (a) any demand for payment of any of the Second Lien Obligations made by the Second Lien Collateral Agent or any other Second Lien Secured Party may be rescinded by such party and any of the Second Lien Obligations continued,
(b) the Second Lien Obligations, or the liability of any other party upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be
renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Second Lien Collateral Agent or any other Second Lien Secured Party, (c) the Credit Agreement, the other Credit Documents, any Additional
Second Lien Agreement and any other documents executed and delivered in connection therewith, the Secured Hedging Agreements and any 

  
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other documents executed and delivered in connection therewith and the Secured Cash Management Agreements and any other documents executed and delivered in connection therewith, may be amended,
waived, modified, supplemented or terminated, in whole or in part, in accordance with the terms of the applicable document and (d) any collateral security, guarantee or right of offset at any time held by the Second Lien Collateral Agent or any
other Second Lien Secured Party for the payment of the Second Lien Obligations may be sold, exchanged, waived, surrendered or released. Neither the Second Lien Collateral Agent nor any other Second Lien Secured Party shall have any obligation to
protect, secure, perfect or insure any Lien at any time held by it as security for the Second Lien Obligations or for this Guarantee or any property subject thereto. When making any demand hereunder against any Guarantor, the Second Lien Collateral
Agent or any other Second Lien Secured Party may, but shall be under no obligation to, make a similar demand on the Borrower or any other Guarantor or other guarantor, and any failure by the Second Lien Collateral Agent or any other Second Lien
Secured Party to make any such demand or to collect any payments from the Borrower or any other Guarantor or other guarantor or any release of the Borrower or any other Guarantor or other guarantor shall not relieve any Guarantor in respect of which
a demand or collection is not made or any Guarantor not so released of its several obligations or liabilities hereunder, and shall not impair or affect the rights and remedies, express or implied, or as a matter of law, of the Second Lien Collateral
Agent or any other Second Lien Secured Party against any Guarantor. For the purposes hereof, “demand” shall include the commencement and continuance of any legal proceedings. 

7.    Guarantee Absolute and Unconditional. Each Guarantor waives any and all notice of the creation, contraction,
Incurrence, renewal, extension, amendment, waiver or accrual of any of the Second Lien Obligations (including as a result of the Incurrence of Incremental Term Loans), and notice of or proof of reliance by the Second Lien Collateral Agent or any
other Second Lien Secured Party upon this Guarantee or acceptance of this Guarantee, the Second Lien Obligations or any of them, shall conclusively be deemed to have been created, contracted or Incurred, or renewed, extended, amended, waived or
accrued, in reliance upon this Guarantee; and all dealings between the Borrower and any of the other Guarantors, on the one hand, and the Second Lien Collateral Agent and the other Second Lien Secured Parties, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon this Guarantee. Each Guarantor waives promptness, diligence, presentment, protest, notice of protest, demand for payment and notice of default, acceleration or nonpayment and any
other notice to or upon the Borrower or any other Guarantor with respect to the Second Lien Obligations. Each Guarantor understands and agrees that this Guarantee shall be construed as a continuing, absolute and unconditional guarantee of payment
(and not of collection) without regard to (a) the validity, regularity or enforceability of the Credit Agreement, any other Credit Document, any Additional Second Lien Agreement, any Secured Hedging Agreement or any Secured Cash Management
Agreement, any of the Second Lien Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Second Lien Collateral Agent or any other Second Lien Secured
Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) that may at any time be available to or be asserted by the Borrower against the Second Lien Collateral
Agent or any other Second Lien Secured Party, (c) any default, failure or delay, willful or otherwise, in the performance of the Second Lien Obligations by the Guarantors or (d) any other circumstance whatsoever (with or without notice to
or knowledge of the Borrower or such Guarantor) that constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrower for the Second Lien Obligations, or of such Guarantor under this Guarantee, in bankruptcy or in
any other instance. When pursuing its rights and remedies hereunder against any Guarantor, the Second Lien Collateral Agent and any other Second Lien Secured Party may elect, but shall be under no obligation, to pursue such rights and remedies as it
may have against the Borrower or any other Person or against any collateral security or guarantee for the Second Lien Obligations or any right of offset with respect thereto, and any failure by the Second Lien Collateral Agent or any other Second
Lien Secured 

  
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Party to pursue such other rights or remedies or to collect any payments from the Borrower or any such other Person or to realize upon any such collateral security or guarantee or to exercise any
such right of offset, or any release of the Borrower or any such other Person or any such collateral security, guarantee or right of offset, shall not relieve such Guarantor of any liability hereunder, and shall not impair or affect the rights and
remedies, whether express, implied or available as a matter of law, of the Second Lien Collateral Agent and the other Second Lien Secured Parties against such Guarantor. To the fullest extent permitted by Applicable Law, each Guarantor waives any
defense arising out of any such election even though such election operates, pursuant to Applicable Law, to impair or to extinguish any right of reimbursement, subrogation, exoneration, contribution or indemnification or other right or remedy of
such Guarantor against the Borrower or any other Guarantor, as the case may be, or any security. This Guarantee shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Guarantor and the
successors and assigns thereof, and shall inure to the benefit of the Second Lien Collateral Agent and the other Second Lien Secured Parties, and their respective successors, indorsees, transferees and assigns, until the Termination Date,
notwithstanding that from time to time during the term of the Credit Agreement, any Additional Second Lien Agreement and any Secured Hedging Agreement or Secured Cash Management Agreement the Credit Parties may be free from any Second Lien
Obligations. 
 8.    Subordination. Each Guarantor hereby agrees that any Indebtedness of any Guarantor now or
hereafter owing to any other Subsidiary, whether heretofore, now or hereafter created (the “Guarantor Subordinated Debt”), is hereby subordinated to all of the Second Lien Obligations until the Termination Date and that the
Guarantor Subordinated Debt shall not be paid in whole or in part during the continuance of any Event of Default after written notice from the Second Lien Collateral Agent to the Borrower. In the event of any insolvency or bankruptcy proceedings,
and any receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to any Guarantor or to its property, and in the event of any proceedings for voluntary liquidation, dissolution or other winding up of
such Guarantor (except as expressly permitted by the Credit Agreement and any Additional Second Lien Agreement), whether or not involving insolvency or bankruptcy, then, if an Event of Default has occurred and is continuing, after written notice
from the Second Lien Collateral Agent to the Borrower (a) the Termination Date shall have occurred, before any payee is entitled to receive (whether directly or indirectly), or make any demands for, any payment on account of the Guarantor
Subordinated Debt and (b) until the Termination Date shall have occurred, any payment or distribution to which such payee would otherwise be entitled (other than debt securities of such Guarantor that are subordinated, to at least the same
extent as this Section 8, to the payment of all Guarantor Subordinated Debt then outstanding (such securities being hereinafter referred to as “Restructured Debt Securities”)) shall be made to the Second Lien Collateral Agent.
If any Event of Default occurs and is continuing, after written notice from the Second Lien Collateral Agent to the Borrower, no payment or distribution of any kind or character shall be accepted by or on behalf of the Guarantor or any other Person
on its behalf with respect to the Guarantor Subordinated Debt. If any payment or distribution of any character, whether in cash, securities or other property (other than Restructured Debt Securities), in respect of the Guarantor Subordinated Debt
shall be received by any payee in violation of this Section 8 before all Second Lien Obligations shall have been paid irrevocably in full in cash in immediately available funds (other than Hedging Obligations under Secured Hedging Agreements,
Cash Management Obligations under Secured Cash Management Agreements or contingent indemnification obligations), such payment or distribution shall be held in trust for the benefit of the Second Lien Secured Parties, and shall be paid over the
Second Lien Collateral Agent. 
 9.    Representations and Warranties; Covenants. Each Guarantor hereby
(a) represents and warrants that the representations and warranties as to it made by the Borrower in Section 8 of the Credit Agreement are true and correct in all material respects on each date as required by Section 7.1 of the Credit
Agreement (or any equivalent provision(s) of any Additional Second Lien 

  
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Agreement) (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all
material respects as of such earlier date, and except where such representations and warranties are qualified by materiality, “Material Adverse Effect” or similar language, in which case such representations and warranties shall be true
and correct in all respects) and (b) agrees to take, or refrain from taking, as the case may be, each action necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such
action or to refrain from taking such action by such Guarantor. 
 10.    Reinstatement. This Guarantee shall
continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Second Lien Obligations is rescinded or must otherwise be restored or returned by the Second Lien Collateral Agent or any
other Second Lien Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or any other Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or
similar officer for, the Borrower or any other Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made. 

11.    Payments. Each Guarantor hereby guarantees that payments hereunder will be paid to the Second Lien
Collateral Agent without set-off or counterclaim in Dollars at the Second Lien Collateral Agent’s office specified in Section 13.2 of the Credit Agreement. 

12.    Authority of Agent. Each Guarantor acknowledges that the rights and responsibilities of the Second Lien
Collateral Agent under this Guarantee with respect to any action taken by the Second Lien Collateral Agent or the exercise or non-exercise by the Second Lien Collateral Agent of any option, right, request,
judgment or other right or remedy provided for herein or resulting or arising out of this Guarantee shall, as between the Second Lien Collateral Agent and the other Second Lien Secured Parties, be governed by the Credit Agreement, any Additional
Second Lien Agreements and by such other agreements with respect thereto as may exist from time to time among them (including an intercreditor agreement), but, as between the Second Lien Collateral Agent and such Guarantor, the Second Lien
Collateral Agent shall be conclusively presumed to be acting as agent for the Second Lien Secured Parties with full and valid authority so to act or refrain from acting, and no Guarantor shall be under any obligation, or entitlement, to make any
inquiry respecting such authority. 
 13.    Notices. All notices, requests and demands pursuant hereto shall be
made in accordance with Section 13.2 of the Credit Agreement. All communications and notices hereunder to each Guarantor shall be given to it in care of the Borrower at the Borrower’s address set forth in Section 13.2 of the Credit
Agreement. All notices to any holder of Additional Second Lien Obligations shall be given to it in care of the applicable Authorized Representative at such Authorized Representative’s address set forth in the applicable Additional Second Lien
Secured Party Consent or Additional Second Lien Agreement, as the case may be, as such address may be changed by written notice to the Second Lien Collateral Agent and the Borrower. 

14.    Counterparts. This Guarantee may be executed by one or more of the parties to this Guarantee on any number
of separate counterparts (including by facsimile or other electronic transmission (i.e., a “PDF” or “TIF” file)), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

15.    Severability. Any provision of this Guarantee that is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the invalid, illegal or unenforceable provisions. 

  
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 16.    Integration. This Guarantee represents the agreement of
each Guarantor and the Second Lien Collateral Agent with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Second Lien Collateral Agent or any other Second Lien Secured Party relative
to the subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents or any Additional Second Lien Agreement (and each other agreement or instrument executed or issued in connection therewith). 

17.    Amendments in Writing; No Waiver; Cumulative Remedies. 

(a)    None of the terms or provisions of this Guarantee may be waived, amended, supplemented or otherwise modified except
by a written instrument executed by the affected Guarantor(s) and the Second Lien Collateral Agent in accordance with Section 13.1 of the Credit Agreement or any comparable provision of any Additional Second Lien Agreement. 

(b)    Neither the Second Lien Collateral Agent nor any other Second Lien Secured Party shall by any act (except by a
written instrument pursuant to Section 17(a) hereof), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default or in any breach of any of the terms
and conditions hereof. No failure to exercise, nor any delay in exercising, on the part of the Second Lien Collateral Agent or any other Second Lien Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single
or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Second Lien Collateral Agent or any other Second Lien Secured
Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that the Second Lien Collateral Agent or any Second Lien Secured Party would otherwise have on any future occasion. 

(c)    The rights, remedies, powers and privileges herein provided are cumulative, may be exercised singly or concurrently
and are not exclusive of any other rights or remedies provided by law. 
 18.    Section Headings. The Section
headings used in this Guarantee are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

19.    Entire Agreement. This Guarantee, taken together with all of the other Credit Documents and any Additional
Second Lien Agreement executed and delivered by the Guarantors, represents the entire agreement and understanding of the parties hereto and supersedes all prior understandings, written and oral, relating to the subject matter hereof. 

20.    Successors and Assigns. This Guarantee shall be binding upon the successors and assigns of each Guarantor
and shall inure to the benefit of the Second Lien Collateral Agent and the other Second Lien Secured Parties and their respective successors and permitted assigns, except that no Guarantor may assign, transfer or delegate any of its rights or
obligations under this Guarantee without the prior written consent of the Second Lien Collateral Agent unless otherwise permitted under each of the Credit Agreement and any Additional Second Lien Agreement. 

21.    Additional Guarantors. Each Subsidiary of the Borrower that is required to become a party to this Guarantee
pursuant to Section 9.10 of the Credit Agreement or any equivalent provision of any Additional Second Lien Agreement shall become a Guarantor, with the same force and 

  
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effect as if originally named as a Guarantor herein, for all purposes of this Guarantee upon execution and delivery by such Subsidiary of a Supplement in the form of Annex B hereto or in such
other form reasonably satisfactory to the Second Lien Collateral Agent. The execution and delivery of any instrument adding an additional Guarantor as a party to this Guarantee shall not require the consent of any other Guarantor hereunder. The
rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Guarantee. 

22.    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN
ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTEE, ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

23.    Submission to Jurisdiction; Waivers. Each Guarantor hereby irrevocably and unconditionally: 

(a)    submits for itself and its property in any legal action or proceeding relating to this Guarantee,
the other Credit Documents to which it is a party and any Additional Second Lien Agreement to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the
State of New York located in the County of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 

(b)    consents that any such action or proceeding may be brought in such courts and waives any objection
that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c)    agrees that service of process in any such action or proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Guarantor at its address referred to in Section 13 hereof or at such other address of which the Second Lien Collateral Agent shall
have been notified pursuant thereto; 
 (d)    agrees that nothing herein shall affect the right of the
Second Lien Collateral Agent or any other Second Lien Secured Party to effect service of process in any other manner permitted by law or shall limit the right of the Second Lien Collateral Agent or any other Second Lien Secured Party to sue in any
other jurisdiction; and 
 (e)    waives, to the maximum extent not prohibited by law, any right it may
have to claim or recover in any legal action or proceeding referred to in this Section 23 any special, exemplary, punitive or consequential damages. 

24.    GOVERNING LAW. THIS GUARANTEE AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 25.    Termination or
Release. 
 (a)    This Guarantee shall terminate on the Termination Date. 

  
 -9- 

 (b)    (i) A Subsidiary Guarantor shall automatically be released from
its obligations hereunder upon the consummation of any transaction (x) with respect to the Obligations, permitted by the Credit Agreement as a result of which such Subsidiary Guarantor ceases to be a Restricted Subsidiary or otherwise becomes
an Excluded Subsidiary and (y) with respect to any Additional Second Lien Obligations under any Additional Second Lien Agreements, permitted by such Additional Second Lien Agreement as a result of which such Subsidiary Guarantor ceases to be a
guarantor thereunder; provided that (A) in the case of clause (x) above, the requisite lenders shall have consented to such transaction (to the extent required by the Credit Agreement) and the terms of such consent did not provide
otherwise and (B) in case of clause (y) above the requisite holders or lenders of such Additional Second Lien Obligations shall have consented to such transaction (to the extent required by the applicable Additional Second Lien Agreement)
and the terms of such consent did not provide otherwise, (ii) Holdings (or the previous New Holdings, as the case may be) shall automatically be released from its obligations hereunder upon the occurrence of a Holdings Termination Event and/or
in accordance with the formation or acquisition of a New Holdings, in each case, that satisfies the conditions set forth in (x) with respect to the Obligations, the Credit Agreement and (y) with respect to any Additional Second Lien
Obligations under any Additional Second Lien Agreement, such Additional Second Lien Agreement and (iii) any Guarantee shall be automatically be released in accordance with Section 13.17 of the Credit Agreement. 

(c)    In connection with any termination or release, the Second Lien Collateral Agent shall execute and deliver to any
Guarantor, at such Guarantor’s expense, all documents that such Guarantor shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 25 shall be without recourse to or
warranty by the Second Lien Collateral Agent. 
 [Signature Pages Follow] 

  
 -10- 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed
and delivered by its duly authorized officer as of the day and year first above written. 
  

			
	GLOBE INTERMEDIATE CORP., as Guarantor
		
	By:	 	 /s/ Charles Bracher

		 	Name: Charles Bracher
		 	Title: Chief Financial Officer
	
	GOBP HOLDINGS, INC., as Guarantor
		
	By:	 	 /s/ Charles Bracher

		 	Name: Charles Bracher
		 	Title: Chief Financial Officer
	
	GOBP MIDCO, INC., as Guarantor,
		
	By:	 	 /s/ Charles Bracher

		 	Name: Charles Bracher
		 	Title: Chief Financial Officer
	
	GROCERY OUTLET INC., as Guarantor
		
	By:	 	 /s/ Charles Bracher

		 	Name: Charles Bracher
		 	Title: Chief Financial Officer
	
	AMELIA’S, LLC, as Guarantor
		
	By:	 	 /s/ Charles Bracher

		 	Name: Charles Bracher
		 	Title: Chief Financial Officer

 [Signature Page to Second Lien Guarantee] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC., as Second Lien Collateral Agent
		
	By:	 	 /s/ Brendan MacBride

		 	Name: Brendan MacBride
		 	Title: Authorized Signatory

  
 [Signature Page to
Second Lien Guarantee] 

 ANNEX A 

TO THE GUARANTEE 

SUBSIDIARY GUARANTORS 
  

	1.	 GOBP MidCo, Inc., a Delaware corporation 

 

	2.	 Grocery Outlet Inc., a California corporation 

 

	3.	 Amelia’s, LLC, a Delaware limited liability companyEX-10.13

 Exhibit 10.13 

EXECUTION VERSION 

GLOBE HOLDING CORP. 

2014 STOCK INCENTIVE PLAN 

1.    Purpose of the Plan. 

The purpose of this Globe Holding Corp. 2014 Stock Incentive Plan (the “Plan”) is to aid Globe Holding Corp., a Delaware
corporation (the “Company”), and its Affiliates in recruiting and retaining employees, directors and other service providers of outstanding ability and to motivate such persons to exert their best efforts on behalf of the Company
and its Affiliates by providing incentives through the granting of Stock Awards. The Company expects that it will benefit from aligning the interests of such persons with those of the Company and its Affiliates by providing them with equity-based
awards with respect to the Shares. 
 2.    Definitions. For purposes of this Plan, the following capitalized terms shall have
their respective meanings set forth below: 
 (a)    “Affiliate” shall have the
meaning given to such term in the Stockholders Agreement. 
 (b)    “Applicable
Law” shall mean the legal requirements relating to the administration of an equity compensation plan under applicable U.S. federal and state corporate and securities laws, the Code, any stock exchange rules or regulations, and the
applicable laws of any other country or jurisdiction, as such laws, rules, regulations and requirements shall be in place from time to time. 

(c)    “Beneficial Ownership”, “Beneficially Own” and similar
terms shall have the meaning set forth in Rule 13d-3 under the Exchange Act; provided, however, that (i) no Stockholder shall be deemed to beneficially own any securities of the Company held by any other
Stockholder solely by virtue of the provisions of the Stockholders Agreement and (ii) with respect to any securities of the Company held by a Stockholder that are exercisable for, or convertible into, Shares upon delivery of consideration to
the Company, such securities shall not be deemed to be beneficially owned by such Stockholder unless, until and to the extent such securities have been exercised or converted and such consideration has been delivered by such Stockholder to the
Company. 
 (d)    “Board” shall mean the Board of Directors of the Company. 

(e)    “Cause” shall have the meaning given to such term in the Stockholders
Agreement. 
 (f)    “Change in Control” shall have the meaning given to such
term in the Stockholders Agreement. 
 (g)    “Code” shall mean the Internal
Revenue Code of 1986, as amended from time to time. 

 (h)    “Committee” shall mean
the Compensation Committee of the Board (or a subcommittee thereof), or such other committee of the Board to which the Board has delegated power to act pursuant to the provisions of this Plan; provided that in the absence of any such
committee, the term “Committee” shall mean the Board. For the avoidance of doubt, the Board shall at all times be authorized to act as the Committee under or pursuant to any provisions of this Plan. 

(i)    “Common Stock” shall mean the common stock, par value $0.001 per share, of
the Company, which may be voting or non-voting shares of common stock as set forth in the grant notice or award agreement pursuant to which a Stock Award is granted. 

(j)    “Consultant” shall mean any person engaged by the Company or any of its
Affiliates as a consultant or independent contractor to render consulting, advisory or other services and who is compensated for such services. 

(k)    “Disability” shall have the meaning given to such term in the Stockholders
Agreement. 
 (l)    “Effective Date” shall mean the date the Board approves this
Plan, or such later date as designated by the Board. 
 (m)    “Employment” shall
mean (i) a Participant’s employment if the Participant is an employee of the Company or any of its Affiliates, (ii) a Participant’s services as a Consultant, if the Participant is a Consultant, and (iii) a Participant’s
services as a non-employee member of the Board or the board of directors (or equivalent governing body) of any Affiliate of the Company. 

(n)    “Exchange Act” shall mean the Securities Exchange Act of 1934 and the rules
and regulations promulgated thereunder, as each may be amended from time to time. 

(o)    “Fair Market Value” shall have the meaning given to such term in the
Stockholders Agreement. 
 (p)    “H&F Stockholders” shall have the meaning
given to such term in the Stockholders Agreement. 
 (q)    “Initial Public
Offering” shall mean the consummation of the Company’s initial underwritten public offering of shares of Common Stock, which is registered under the Securities Act. 

(r)    “ISO” shall mean a stock option to acquire Shares that is intended to
qualify as an “incentive stock option” within the meaning of Section 422 of the Code and the regulations promulgated thereunder, as amended from time to time. 

(s)    “Option” shall mean a stock option granted pursuant to Section 6 of
this Plan. 

  
 2 

 (t)    “Option Price” shall mean
the purchase price per Share of an Option, as determined pursuant to Section 6(a) of this Plan. 

(u)    “Other Stock-Based Awards” shall mean Stock Awards granted pursuant to
Section 8 of this Plan. 
 (v)    “Participant” shall mean a person eligible
to receive a Stock Award pursuant to Section 4 and who actually receives a Stock Award or, if applicable, such other Person who holds an outstanding Stock Award. 

(w)    “Person” shall mean an individual, any general partnership, limited
partnership, limited liability company, corporation, trust, business trust, joint stock company, joint venture, unincorporated association, cooperative or association or any other legal entity or organization of whatever nature, and shall include
any successor (by merger or otherwise) of such entity. 
 (x)    “Plan” shall
mean this Globe Holding Corp. 2014 Stock Incentive Plan, as amended from time to time. 

(y)    “Securities Act” shall mean the Securities Act of 1933 and the rules and
regulations promulgated thereunder, as each may be amended from time to time. 

(z)    “Shares” shall have the meaning given to such term in the Stockholders
Agreement. 
 (aa)    “Stock Appreciation Right” shall mean a stock appreciation
right granted pursuant to Section 7 of this Plan. 
 (bb)    “Stock Award”
shall mean an Option, Stock Appreciation Right or Other Stock-Based Award granted pursuant to this Plan. 

(cc)    “Stock Award Agreement” shall mean a written agreement between the Company
and a holder of a Stock Award, executed by the Company, evidencing the terms and conditions of the Stock Award. 

(dd)    “Stockholders Agreement” shall mean the Globe Holding Corp. Stockholders
Agreement, dated as of October 7, 2014, by and among the Company, Globe Intermediate Corp., Grocery Outlet, Inc., the H&F Stockholders, the other stockholders named therein and the other parties thereto, as amended from time to time. 

(ee)    “Subsidiary” shall have the meaning given to such term in the Stockholders
Agreement. 
 3.    Administration by Committee. 

This Plan shall be administered by the Committee, which may delegate its duties and powers in whole or in part to any subcommittee thereof.
Additionally, the Committee may delegate to officers the authority to grant Stock Awards under the Plan to any Participant or group of Participants of the Company or an Affiliate; provided, that such delegation and grants

  
 3 

 
are consistent with Applicable Law and guidelines established by the Board from time to time. Stock Awards may, in the discretion of the Committee, be made under the Plan in assumption of, or in
substitution for, outstanding awards previously granted by any entity acquired by the Company or with which the Company combines. The number of Shares underlying such substitute awards shall not be counted against the aggregate number of Shares
available for Stock Awards under the Plan. The Committee is authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make any other determinations that it deems necessary or desirable
for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan in the manner and to the extent the Committee deems necessary or desirable. Any decision of the Committee in
the interpretation and administration of the Plan, as described herein, shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned (including, but not limited to, Participants and their
beneficiaries or successors). The Committee shall have the full power and authority to establish the terms and conditions of any Stock Award consistent with the provisions of the Plan and to waive any such terms and conditions at any time
(including, without limitation, accelerating or waiving any vesting conditions). The Committee shall require payment of any amount it may reasonably determine to be necessary to withhold for U.S. federal, state, local and/or non-U.S. taxes as a result of the exercise, grant, vesting or settlement of a Stock Award (including, without limitation, any applicable income, employment and social security taxes or contributions). The Committee
shall also determine the acceptable form or forms pursuant to which the Participant will be able to elect to pay a portion of or all such withholding taxes. To the extent permitted by the Committee in the applicable Stock Award Agreement or
otherwise and, in each case, subject to any restrictions under Applicable Law, a Participant may elect to pay a portion or all of any withholding taxes (but no more than the minimum amount required to be withheld) by (a) delivery in Shares
(provided, that such Shares have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee in order to avoid adverse accounting treatment applying generally accepted
accounting principles)), or (b) having Shares withheld by the Company from any Shares that would have otherwise been received by the Participant. 

4.    Shares Subject to the Plan and Participation. 

Subject to Section 9, the total number of Shares which may be issued under this Plan is 8,601,345 which number is also the maximum number
of Shares for which ISOs may be granted. The Shares may consist, in whole or in part, of unissued Shares or treasury Shares. The issuance of Shares or the payment of cash upon the exercise of a Stock Award or in consideration of the cancellation or
termination of a Stock Award shall reduce the total number of Shares available under this Plan, as applicable. Shares which are subject to Stock Awards which terminate or lapse without the payment of consideration may be granted again under the
Plan, unless prohibited by Applicable Law. 
 Employees, Consultants and non-employee directors of
the Company and its Affiliates (subject to Section 5(b) of this Plan) shall be eligible to be selected to receive Stock Awards under the Plan; provided, that ISOs may only be granted to employees of the Company or its Subsidiaries. 

  
 4 

 5.    General Limitations. 

(a)    Tenth Anniversary. No Stock Award may be granted under this Plan after the tenth
anniversary of the Effective Date, but Stock Awards theretofore granted may extend beyond such date. 

(b)    Consultants. Prior to an Initial Public Offering, a Consultant shall not be eligible
for the grant of a Stock Award if, at the time of grant, either the offer or the sale of the Company’s securities to such Consultant is not exempt under Rule 701 of the Securities Act (“Rule 701”), unless the Company determines
that such grant need not comply with the requirements of Rule 701 because such grant will satisfy another exemption under the Securities Act, as well as comply with the securities laws of any other relevant jurisdictions. 

6.    Terms and Conditions of Options. 

Options granted under this Plan shall be, as determined by the Committee, non-qualified or ISOs for
federal income tax purposes, as evidenced by the related Stock Award Agreements, and shall be subject to the foregoing and the following terms and conditions and to such other terms and conditions, not inconsistent therewith, as the Committee shall
determine. 
 (a)    Option Price. The Option Price per Share shall be determined by the
Committee, but shall not be less than 100% of the Fair Market Value per Share on the date an Option is granted (other than in the case of Options granted in substitution of previously granted awards, as described in Section 3 hereof). 

(b)    Exercisability. Options granted under this Plan shall be exercisable at such time and
upon such terms and conditions as may be determined by the Committee as set forth in the applicable Stock Award Agreement, but in no event shall an Option be exercisable more than ten years after the date it is granted. 

(c)    Exercise of Options. Except as otherwise provided in this Plan or in the applicable
Stock Award Agreement, an Option may be exercised for all, or from time to time any part, of the Shares for which it is then exercisable. For purposes of this Section 6, the exercise date of an Option shall be the later of the date a notice of
exercise is received by the Company and, if applicable, the date payment is received by the Company pursuant to clauses (i), (ii), (iii), (iv) or (v) of the following sentence. The purchase price for the Shares as to which an Option is
exercised shall be paid to the Company as designated by the Committee in the applicable Stock Award Agreement or otherwise, pursuant to one or more of the following methods: (i) in cash or its equivalent (e.g., by personal check or wire
transfer), (ii) in Shares having a Fair Market Value per Share equal to the aggregate Option Price per Share for the Shares being purchased and satisfying such other reasonable requirements as may be imposed by the Committee (provided,
that such Shares have been held by the Participant for no less than six months (or such other period as established from time to time by the Committee in order to avoid adverse accounting treatment applying generally accepted accounting
principles)), (iii) partly in cash and partly in such Shares, (iv) following an Initial Public Offering, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver
promptly to the Company an amount out of the 

  
 5 

 
proceeds of such sale equal to the aggregate Option Price for the Shares being purchased or (v) to the extent explicitly permitted by the Committee in the applicable Stock Award Agreement or
otherwise, through net settlement in Shares. No Participant shall have any rights to dividends or other rights of a stockholder with respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option,
paid in full for such Shares and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to this Plan. No fractional Shares will be issued in payment for Options, but instead cash will be paid for a fraction or, if the
Committee should so determine, the number of Shares will be rounded downward to the next whole Share. 

(d)    ISOs. The Committee may grant Options under the Plan that are intended to be ISOs.
Such ISOs shall comply with the requirements of Section 422 of the Code (or any successor section thereto). No ISO may be granted to any Participant who, at the time of such grant, owns more than ten percent of the total combined voting power
of all classes of stock of the Company or of any Subsidiary, unless (i) the Option Price for such ISO is at least 110% of the Fair Market Value per Share on the date the ISO is granted and (ii) the date on which such ISO terminates is a
date not later than the day preceding the fifth anniversary of the date on which the ISO is granted. Any Participant who disposes of Shares acquired upon the exercise of an ISO either (i) within two years after the date of grant of such ISO or
(ii) within one year after the transfer of such Shares to the Participant, shall notify the Company of such disposition and of the amount realized upon such disposition. All Options granted under the Plan are intended to be nonqualified stock
options, unless the applicable Stock Award Agreement expressly states that the Option is intended to be an ISO. If an Option is intended to be an ISO, and if for any reason such Option (or portion thereof) shall not qualify as an ISO, then, to the
extent of such non-qualification, such Option (or portion thereof) shall be regarded as a nonqualified stock option granted under this Plan; provided, that such Option (or portion thereof) otherwise
complies with this Plan’s requirements relating to nonqualified stock options. In no event shall any member of the Committee, the Company or any of its Affiliates (or their respective employees, officers or directors) have any liability to any
Participant (or any other Person) due to the failure of an Option to qualify for any reason as an ISO. 

(e)    Attestation. Wherever in this Plan or any Stock Award Agreement a Participant is
permitted to pay the exercise price of an Option or taxes relating to the exercise of an Option by delivering Shares, the Participant may, subject to procedures satisfactory to the Committee, satisfy such delivery requirement by presenting proof of
beneficial ownership of such Shares, in which case the Company shall treat the Option as exercised without further payment and/or shall withhold such number of Shares from the Shares acquired by the exercise of the Option, as appropriate. 

7.    Terms and Conditions of Stock Appreciation Rights. 

(a)    Grants. The Committee may grant (i) a Stock Appreciation Right independent
of an Option or (ii) a Stock Appreciation Right in connection with an Option, or a portion thereof. A Stock Appreciation Right granted pursuant to clause (ii) of the preceding sentence (A) may be granted at the time the related Option
is granted or at any time prior to the exercise or cancellation of the related Option, (B) shall cover the 

  
 6 

 
same number of Shares covered by an Option (or such lesser number of Shares as the Committee may determine) and (C) shall be subject to the same terms and conditions as such Option except
for such additional limitations as are contemplated by this Section 7 (or such additional limitations as may be included in the applicable Stock Award Agreement). 

(b)    Terms. The exercise price per Share of a Stock Appreciation Right shall be an amount
determined by the Committee but in no event shall such amount be less than the Fair Market Value per Share on the date the Stock Appreciation Right is granted (other than in the case of Stock Appreciation Rights granted in substitution of previously
granted awards, as described in Section 4); provided, however, that in the case of a Stock Appreciation Right granted in conjunction with an Option, or a portion thereof, the exercise price may not be less than the Option Price of
the related Option. Each Stock Appreciation Right granted independent of an Option shall entitle a Participant upon exercise to an amount equal to (i) the excess of (A) the Fair Market Value per Share on the exercise date over (B) the
exercise price per Share, times (ii) the number of Shares covered by the Stock Appreciation Right. Each Stock Appreciation Right granted in conjunction with an Option, or a portion thereof, shall entitle a Participant to surrender to the
Company the unexercised Option, or any portion thereof, and to receive from the Company in exchange therefore an amount equal to (i) the excess of (A) the Fair Market Value per Share on the exercise date over (B) the Option Price per
Share, times (ii) the number of Shares covered by the Option, or portion thereof, which is surrendered. In addition, each Stock Appreciation Right that is granted in conjunction with an Option or a portion thereof shall automatically terminate
upon the exercise of such Option or portion thereof, as applicable. Payment shall be made in Shares or in cash, or partly in Shares and partly in cash (any such Shares valued at such Fair Market Value per Share), all as shall be determined by the
Committee in the applicable Stock Award Agreement. Stock Appreciation Rights may be exercised from time to time upon actual receipt by the Company of written notice of exercise stating the number of Shares with respect to which the Stock
Appreciation Right is being exercised. The date a notice of exercise is received by the Company shall be the exercise date. No fractional Shares will be issued in payment for Stock Appreciation Rights, but instead cash will be paid for a fraction
or, if the Committee should so determine, the number of Shares will be rounded downward to the next whole Share. 

(c)    Limitations. The Committee may impose, in its discretion, such conditions upon the
exercisability of Stock Appreciation Rights as it may deem fit, but in no event shall a Stock Appreciation Right be exercisable more than ten years after the date it is granted. 

8.    Other Stock-Based Awards. 

The Committee, in its sole discretion, may grant or sell Stock Awards of Shares, Stock Awards of restricted Shares and Stock Awards that are
valued in whole or in part by reference to, or are otherwise based on the Fair Market Value per Share of, Shares (“Other Stock-Based Awards”). Such Other Stock-Based Awards shall be in such form, and dependent on such conditions, as
the Committee shall determine, including, without limitation, the right to receive, or vest with respect to, one or more Shares (or the equivalent cash value of such Shares) upon the 

  
 7 

 
completion of a specified period of service, the occurrence of an event and/or the attainment of performance objectives. Other Stock-Based Awards may be granted alone or in addition to any other
Stock Awards granted under the Plan. Subject to the provisions of the Plan, the Committee shall determine to whom and when Other Stock-Based Awards will be made; the number of Shares to be awarded under (or otherwise related to) such Other
Stock-Based Awards; whether such Other Stock-Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and all other terms and conditions of such Other Stock-Based Awards (including, without limitation, the vesting
provisions thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). 

9.    Adjustments upon Certain Events. 

Notwithstanding any other provision in this Plan to the contrary, the following provisions shall apply to all Stock Awards granted hereunder:

 (a)    Generally. In the event of any change in the outstanding Shares after the
Effective Date by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, spin-off, combination, transaction or exchange of Shares, other corporate exchange, or in the
event of any cash dividend or distribution to shareholders other than ordinary cash dividends or any transaction similar to the foregoing, the Committee shall make such proportionate substitution or adjustment, if any, as it deems in good faith to
be equitable (subject to Section 18), as to (i) the number or kind of Shares or other securities issued or reserved for issuance pursuant to the Plan or pursuant to outstanding Stock Awards, (ii) the Option Price or exercise price of
any Stock Appreciation Right and/or (iii) any other affected terms of such Stock Awards; provided, that for the avoidance of doubt, in the case of the occurrence of any of the foregoing events that is an “equity restructuring”
(within the meaning of the Financial Accounting Standards Board Accounting Standard Codification (ASC) Section 718, Compensation — Stock Compensation (FASB ASC 718)), the Committee shall make an equitable adjustment to outstanding
Stock Awards to reflect such event. 
 (b)    Change in Control. Without limiting any
rights set forth in Section 9(a), above, in the event of a Change in Control after the Effective Date, the Committee may (subject to Section 18 and any Participant’s rights under a Stock Award Agreement), but shall not be obligated
to, (i) accelerate, vest or cause the restrictions to lapse with respect to all or any portion of a Stock Award, (ii) subject to any limitations or reductions as may be necessary to comply with Sections 424 or 409A of the Code and, in each
case, the applicable regulations thereunder, cancel such Stock Awards for fair value (as determined by the Committee in its sole discretion in good faith), including with respect to Other Stock-Based Awards, for a cash payment or equity subject to
deferred vesting and delivery consistent with the vesting restrictions applicable to such Other Stock-Based Awards or the underlying Shares, or which, in the case of Options and Stock Appreciation Rights, may, if so determined by the Committee,
equal the excess, if any, of value of the consideration to be paid in the Change in Control transaction, directly or indirectly, to holders of the same number of Shares subject to such Options or Stock Appreciation Rights (or, if no consideration is
paid in any such transaction, the Fair Market Value per Share of the Shares subject to such Options or Stock Appreciation Rights) over the aggregate Option Price of such Options or exercise price of such Stock

  
 8 

 
Appreciation Rights (it being understood that, in such event, any Option or Stock Appreciation Right having a per share Option Price or exercise price equal to, or in excess of, the Fair Market
Value per Share of a Share subject thereto may be canceled and terminated without any payment or consideration therefor), (iii) subject to any limitations or reductions as may be necessary to comply with Sections 424 or 409A of the Code and, in each
case, the applicable regulations thereunder, provide for the issuance of substitute Stock Awards that will preserve the rights under, and the otherwise applicable terms of, any affected Stock Awards previously granted hereunder as determined by the
Committee in its sole discretion in good faith, and/or (iv) provide that for a period of at least fifteen (15) days prior to the Change in Control, Options and Stock Appreciation Rights shall be exercisable as to all Shares subject thereto
(whether or not vested) and that upon the occurrence of the Change in Control, such Options and Stock Appreciation Rights shall terminate and be of no further force and effect. To the extent that any adjustments made pursuant to this Section 9
cause ISOs to cease to qualify as ISOs, such Options shall be deemed to be non-qualified Options. 

(c)    Other Requirements. Prior to any payment or adjustment contemplated under this
Section 9, the Committee may require a Participant to (A) represent and warrant as to the unencumbered title to such Participant’s Stock Awards, (B) bear such Participant’s pro rata share of any post-closing indemnity
obligations, and be subject to the same post-closing purchase price adjustments, escrow terms, offset rights, holdback terms, and similar conditions as the other holders of Shares, and (C) deliver customary transfer documentation as reasonably
determined by the Committee. 
 10.    No Right to Employment or Stock Awards; No Guarantees Regarding Tax Treatment. 

The granting of a Stock Award under this Plan shall impose no obligation on the Company or any of its Affiliate to continue the Employment of a
Participant and shall not lessen or affect the Company’s right or any of its Affiliates’ rights to terminate the Employment of such Participant. No Participant or other Person shall have any claim to be granted any Stock Award, and there
is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Stock Awards. The terms and conditions of Stock Awards and the Committee’s determinations and interpretations with respect thereto need not be the same
with respect to each Participant (whether or not such Participants are similarly situated). 
 Participants (or their beneficiaries) shall
be responsible for all taxes with respect to any Stock Awards under the Plan. The Committee and the Company make no guarantees to any person regarding the tax treatment of any Stock Award or payments made under the Plan. Neither the Committee nor
the Company has any obligation to take any action to prevent the assessment of any excise tax on any person with respect to any Stock Award under Section 409A of the Code or otherwise and none of the Company, its Subsidiaries or Affiliates, or
any of their employees, directors or representatives shall have any liability to a Participant with respect thereto. 

  
 9 

 11.    Successors and Assigns. 

This Plan shall be binding on all successors and assigns of the Company and each Participant, including without limitation, the estate of each
such Participant and the executor, administrator or trustee of any such estate and, if applicable, any receiver or trustee in bankruptcy or representative of the creditors of any such Participant. 

12.    Nontransferability of Awards. 

Unless expressly permitted by the Committee in a Stock Award Agreement or otherwise in writing, and, in each case, to the extent permitted by
Applicable Law, a Stock Award shall not be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or by operation of law, by judgment, levy, attachment,
garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, this Section 12 shall not prevent transfers by will
or by the laws of descent and distribution. A Stock Award exercisable after the death of a Participant may be exercised by the legatees, personal representatives or distributees of the Participant, subject to any conditions or qualifications imposed
by the Board. 
 13.    Amendments or Termination. 

The Board may amend, alter or discontinue the Plan, but no amendment, alteration or discontinuation shall be made, (a) without the
approval of the shareholders of the Company, if such action would (except as is provided in Section 9 of the Plan), increase the total number of Shares reserved for the purposes of the Plan or, if applicable, change the maximum number of Shares
for which Stock Awards may be granted to any Participant, or (b) without the consent of a Participant, if such action would materially diminish any of the rights of such Participant under any Stock Award theretofore granted to such Participant
under the Plan; provided, however, that the Committee may amend the Plan or any outstanding Stock Award in the least restrictive manner necessary to comply with the requirements of the Code or other Applicable Laws (including, without
limitation, to avoid adverse tax consequences to the Company or to Participants). 
 14.    Choice of Law. 

This Plan and the Stock Awards granted hereunder shall be governed by and construed in accordance with the law of the State of Delaware,
without regard to conflicts of laws principles thereof. 
 15.    Effectiveness of the Plan. 

This Plan shall be effective as of the Effective Date. 

16.    Stockholders Agreement. 

The issuance of Shares pursuant to any Stock Award granted under the Plan shall be subject to all the terms, conditions and restrictions
contained in the Stockholders Agreement and Participant agrees to become a party to and subject such Stockholders Agreement upon the grant of any Stock Award. 

  
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 17.    Exchange Act Exemption. 

Notwithstanding anything to the contrary in the Plan or any Stock Award Agreement, for or until such time as the Company becomes subject to the
reporting requirements of Sections 12 or 15(d) of the Exchange Act, if the Company is relying on the exemption from registration under the Exchange Act set forth in Rule 12h-1(f) under the Exchange Act (the
“Employee Options Exemption”) in connection with the grant of Options hereunder or the issuance of Shares upon the exercise of such Options, the Plan, the Options granted hereunder and the Stock Award Agreements entered into in
connection with such grants are intended to comply with the Employee Options Exemption and, accordingly, to the maximum extent permitted, the Plan, such Options and such Stock Award Agreements shall be interpreted to be in compliance therewith. 

18.    Section 409A. 

The Plan is intended to comply with the requirements of Section 409A of the Code or an exemption or exclusion therefrom and, with respect
to amounts that are subject to Section 409A of the Code, it is intended that the Plan be administered in all respects in accordance with Section 409A of the Code. Each payment under any Stock Award shall be treated as a separate payment
for purposes of Section 409A of the Code. In no event may a Participant, directly or indirectly, designate the calendar year of any payment to be made under any Stock Award, but only to the extent such payment is considered “nonqualified
deferred compensation” within the meaning of Section 409A of the Code. Notwithstanding any provision of the Plan or any Stock Award Agreement to the contrary, in the event that a Participant is a “specified employee” within the
meaning of Section 409A of the Code (as determined in accordance with the methodology established by the Company), amounts that constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code that
would otherwise be payable on account of a separation from service within the meaning of Section 409A of the Code and during the six-month period immediately following a Participant’s
“separation from service” within the meaning of Section 409A of the Code (“Separation from Service”) shall instead be paid or provided on the first business day after the date that is six months following the
Participant’s Separation from Service. If the Participant dies following the Separation from Service and prior to the payment of any amounts delayed on account of Section 409A of the Code, such amounts shall be paid to the personal
representative of the Participant’s estate within 30 days after the date of the Participant’s death. The Company shall use commercially reasonable efforts to implement the provisions of this Section 18 in good faith; provided,
that neither the Company, the Committee nor any of the Company’s employees, directors or representatives shall have any liability to any Participant with respect to this Section 18. 

  
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