Document:

EX-10.1

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”), made as of
February 19, 2013, is entered into by and between Curis, Inc., a Delaware corporation (the “Company”), and Ali Fattaey, Ph.D. (the “Employee”). 
 The Company desires to employ the Employee, and the Employee desires to be employed by the Company. In consideration of the mutual covenants and promises contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Term
of Employment. The Company hereby agrees to employ the Employee, and the Employee hereby accepts employment with the Company, upon the terms set forth in this Agreement, for the period commencing on February 19, 2013 (the “Commencement
Date”) and continuing until terminated in accordance with the provisions of Section 4 (the “Employment Period”). During the Employment Period, the Employee shall be an at-will employee of the Company and the Employee’s
employment and the Employment Period shall be freely terminable by either party, for any reason, at any time, with or without cause or notice, subject to the provisions set forth in Section 4 below. 

2. Position. 
 (a) The Employee shall serve as President and Chief Operating Officer of the Company. The Employee shall have such duties and authority consistent with his position as may be assigned from time to time by
the Chief Executive Officer of the Company. The Employee shall report to, and be subject to the supervision of, the Chief Executive Officer. The Employee agrees to devote his entire business time to the business and interests of the Company during
the Employment Period. 
 (b) The Employee agrees to abide by the rules, regulations, instructions, personnel practices and
policies of the Company and any changes therein which may be adopted from time to time by the Company. 
 3. Compensation and
Benefits. 
 3.1 Salary. During the Employment Period, the Company shall pay the Employee, in periodic installments in
accordance with the Company’s customary payroll practices, a base salary of $17,708.34 per bi-weekly pay period (based upon 26 bi-weekly pay periods per annum, equal to $425,000 per annum). Such salary shall be subject to annual review by the
Board of Directors of the Company (the “Board”) and/or the Compensation Committee of the Board (the “Compensation Committee”). 
 3.2 Stock Options. Subject to approval by the Compensation Committee, on or about the Commencement Date the Employee shall be granted, pursuant to the Company’s 2010 Stock Incentive Plan (the
“Plan”), an option to purchase 400,000 shares of Common Stock, $0.01 par value (“Common Stock”) of the Company pursuant to the terms and conditions of the Plan and a stock option agreement issued thereunder, such option to
(a) be exercisable at a price per share equal to the closing price of the Company’s Common Stock on the NASDAQ Stock 

 
Market on date of grant, and (b) to vest and become exercisable, subject to the Employee’s continued employment, at a rate of 25% of the total shares underlying the option on the first
anniversary of the date of grant and as to an additional 6.25% of the total shares underlying the grant at the end of each full calendar quarter thereafter. The Board or the Compensation Committee may award additional stock options the Employee from
time to time in their sole discretion. The Employee may be eligible for an annual performance equity-based award in connection with the Company’s annual performance equity award cycle beginning in calendar year 2014. 

3.3 Bonus; Cash Incentives. 
 (a) The Compensation Committee has the authority to award discretionary annual cash bonuses to the executive officers of the Company, including the Employee. Any bonus awarded shall be based on the
achievement of specific objectives established by the Board. Such bonus (if any) will be paid in the form of cash or capital stock, as determined by the Compensation Committee. 
 (b) The Compensation Committee has established a discretionary short-term incentive plan for executive officers for fiscal 2013 that provides for a potential cash incentive bonus payment, up to a
predetermined percentage of each such executive officer’s 2013 actual compensation, based upon objectives established by the Compensation Committee. Pursuant to this program, upon the determination of the Compensation Committee, acting in its
sole discretion, the Employee may be entitled to receive a bonus for 2013 equal to up to 40% of his earned compensation in 2013, estimated to be approximately $147,000. 
 (c) Any bonus or cash incentive awarded to Employee will be paid, subject to required withholdings and deductions, on or before March 15 of the calendar year immediately following the year for which
the bonus or cash incentive was earned. 
 3.4 Fringe Benefits. The Employee shall be entitled to participate in all
medical and other benefit programs that the Company establishes and makes available to its employees, if any, to the extent that Employee’s position, tenure, salary, age, health and other qualifications make him eligible to participate. This
comprehensive program currently covers medical and dental benefits, life and disability insurances, and a Section 125 Plan. The Employee will also be eligible to participate in the Company’s 401(k) Plan. The Employee shall be entitled to
three weeks paid vacation per year subject to the Company’s policies for accrual and use. 
 3.5 Reimbursement of
Expenses. The Company shall reimburse the Employee for all reasonable travel, entertainment and other expenses incurred or paid by the Employee in connection with, or related to, the performance of his duties, responsibilities or services under
this Agreement, upon presentation by the Employee of documentation, expense statements, receipts, vouchers and/or such other supporting information as the Company may request, provided, however, that the maximum amount available for such travel,
entertainment and other expenses may be fixed in advance by the Company. 
 3.6 Relocation and Commuting Expenses.

  
 2 

 (a) The Company shall reimburse the Employee for reasonable interim commuting and lodging
expenses as well as relocation, expenses incurred, not to exceed $50,000, relating to the Employee’s interim commuting and lodging expenses as well as relocation from California to Massachusetts (including transportation and moving of household
items and any other related out-of-pocket moving expenses) (the “Relocation and Commuting Expenses”), upon presentation by the Employee of documentation, expense statements, receipts, vouchers and/or such other supporting information as
the Company may request. 
 (b) The Company shall pay the Employee a gross up payment equal to the sum of any federal and state
income taxes and social security and medicare employment taxes (collectively, the “Taxes”) payable with respect to the Relocation Expenses and Commuting Expenses, plus such additional Taxes as may be imposed on the Employee attributable to
the receipt of such gross up payment. Any such payment for Taxes shall be made no later than the end of the Employee’s taxable year next following the Employee’s taxable year in which the Employee’s remits the Taxes. 

3.7 Withholding. All salary, bonus and other compensation payable to the Employee shall be subject to applicable withholdings.

 4. Termination of Employment. 
 (a) [Intentionally left blank.] 
 (b) The Company has the right to terminate the
Employee’s employment under this Agreement, by notice to the Employee in writing at any time (i) for Cause (as defined below), (ii) without Cause for any or no reason, or (iii) due to the Disability (as defined below) of the
Employee. Any such termination shall be effective upon the date of such notice to the Employee or such other date as may be specified in such notice. 
 (c) Employee’s employment under this Agreement shall terminate immediately upon the Employee’s death. 
 (d) The Employee shall have the right to terminate his employment under this Agreement (i) for any reason or no reason upon thirty (30) days’ prior written notice to the Company or
(ii) for Good Reason (as defined below). 
 (e) As used in this Agreement, the terms below shall have the following
meanings: 
 (i) “Cause” means (a) the Employee’s failure or refusal to substantially perform his duties or
the Employee’s continued neglect to perform such duties to the full extent of his abilities for reasons other than death, physical or mental incapacity, (b) a good faith finding by the Company of the Employee’s failure to perform his
duties as assigned to him by the Board or Chief Executive Officer of the Company, (c) a good faith finding by the Company of dishonesty, gross negligence, or misconduct, (d) conviction or the entry of a pleading of nolo contendere
to any crime or felony, or (e) any breach or threatened breach of any confidentiality, non-solicitation, or inventions agreement with the Company. For purposes of 

  
 3 

 
Section 5(c) of this Agreement, “Cause” shall have the meaning ascribed to it in Section 8(c)(1)(d) of the Company’s 2010 Stock Incentive Plan, as amended from time to
time. 
 (ii) “Good Reason” shall mean (a) any material diminution in the Employee’s authority, duties or
responsibilities; (b) any material reduction in his annual base salary; (c) any material breach by the Company of this Agreement; or (d) any requirement by the Company or of any person in control of the Company that the location at
which the Employee performs his principal duties for the Company be changed to a new location that is more than forty (40) miles from the current principal location of the Company, provided that (i) the Employee provides the Company with
notice of the condition described above within 90 days after the initial existence of the condition; (ii) such condition is not remedied by the Company within 30 days after receiving the notice and (iii) the Employee separates from service
with the Company within 2 years following the initial existence of the condition. 
 (iii) “Change in Control Event”
shall mean: 
 (A) The acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of
the Exchange Act) (a “Person”) of beneficial ownership of any capital stock of the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 50% or more of
either (x) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined voting power of the then-outstanding securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control Event: (1) any acquisition directly
from the Company (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into or exchangeable for common stock or voting securities of the Company, unless the Person exercising,
converting or exchanging such security acquired such security directly from the Company or an underwriter or agent of the Company), (2) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or
any corporation controlled by the Company, or (3) any acquisition by any corporation pursuant to a Business Combination (as defined below) which complies with clauses (x) and (y) of subsection (C) of this definition; or

 (B) Such time as the Continuing Directors (as defined below) do not constitute a majority of the Board (or, if applicable,
the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (x) who was a member of the Board on the date of the initial adoption of this Agreement by
the Board or (y) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by
at least a majority of the directors who were Continuing Directors at the time of such nomination or election; or 
 (C) The
consummation of a merger, consolidation, reorganization, recapitalization or share exchange involving the Company or a sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless,
immediately following such Business Combination, each of the following two conditions 

  
 4 

 
is satisfied: (x) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding securities entitled to vote generally in the
election of directors, respectively, of the resulting or acquiring corporation or other form of entity in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or
substantially all of the Company’s assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation or entity is referred to herein as the “Acquiring Corporation”) in substantially the same
proportions as their ownership of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively, immediately prior to such Business Combination and (y) no Person (excluding the Acquiring Corporation or any
employee benefit plan (or related trust) maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns, directly or indirectly, 50% or more of the then-outstanding shares of common stock of the Acquiring Corporation, or
of the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to the Business Combination). 

(iv) “Disability” shall be deemed to have occurred when the Employee shall have been unable to perform his duties by reason of
illness or incapacity for a period of 120 consecutive days in any period of 52 consecutive weeks, as determined in good faith by the Board in accordance with applicable law. 
 5. Compensation upon Termination. 
 (a) In the event the Employee’s
employment terminates by the Company for Cause, by the Employee without Good Reason or due to the death or Disability of the Employee, the Company shall pay to the Employee only his base salary accrued through the last day of his employment with the
Company. 
 (b) In the event the Employee’s employment terminates as a result of a termination by the Employee for Good
Reason, or a termination by the Company without Cause (except for a termination covered by 5(c)), the Employee shall: (i) receive his base salary accrued through the last day of his employment with the Company, (ii) receive payments equal
to one-half (1/2) of the Employee’s then base salary, reduced by all applicable taxes and withholdings, over a period of six months in accordance with the Company’s then current payroll policies and practices and (iii) the
Employee’s medical/dental insurance as an Employee of the Company will cease upon termination and the Employee will immediately become eligible for continuation of medical/dental coverage pursuant to COBRA. The Company will pay any difference
between the COBRA premium and the amount the Employee would otherwise be responsible for with respect to the medical and dental coverage elected for a period of six (6) months from the date such termination or as long as the Employee is
eligible for COBRA, whichever period is shorter. At the end of this period, the Employee is eligible to continue coverage for the balance of the statutory period under COBRA, provided that the Employee pays the COBRA premium. 

  
 5 

 (c) In the event the Employee’s employment terminates as a result of termination of the
Employee by the Company or its successor without Cause, or by the Employee for Good Reason, within twelve (12) months following a Change in Control Event, the Employee shall: (i) receive his base salary accrued through the last day of his
employment with the Company; (ii) receive payments equal to one-half (1/2) of the Employee’s then base salary, reduced by all applicable taxes and withholdings, over a period of six months in accordance with the Company’s then
current payroll policies and practices and (iii) the Employee’s medical/dental insurance as an Employee of the Company will cease upon termination and the Employee will immediately become eligible for continuation of medical/dental
coverage pursuant to COBRA. The Company will pay directly to the provider of the medical/dental coverage at the time such premiums are due any difference between the COBRA premium and the amount the Employee would otherwise be responsible for with
respect to the medical and dental coverage elected for a period of six (6) months from the date such termination or as long as the Employee is eligible for COBRA, whichever period is shorter. At the end of this period, the Employee is eligible
to continue coverage for the balance of the statutory period under COBRA, provided that the Employee pays the COBRA premium. For purposes of this paragraph, the Employee’s “base salary” shall be the greater of the amount in effect
either immediately prior to the Change in Control Event or the termination date of Employee’s employment. The benefits provided under this Section 5(c) shall be in lieu of any benefits the Employee would have otherwise been entitled to
pursuant to Section 5(b) of this Agreement. 
 (d) The following rules shall apply with respect to distribution of the
payments and benefits, if any, to be provided to the Employee under this Section 5: 
 (i) It is intended that each
installment of the payments and benefits provided under Section 5 shall be treated as a separate “payment” for purposes of Section 409A. Neither the Company nor the Employee shall have the right to accelerate or defer the
delivery of any such payments or benefits except to the extent specifically permitted or required by Section 409A; 
 (ii)
If, as of the date of the “separation from service” of the Employee from the Company, the Employee is not a “specified employee” (each within the meaning of Section 409A), then each installment of the payments and benefits
shall be made on the dates and terms set forth in Section 5; and 
 (iii) If, as of the date of the “separation from
service” of the Employee from the Company, the Employee is a “specified employee” (each, for purposes of this Agreement, within the meaning of Section 409A), as determined by the Company in accordance with its procedures, by
which determination the Employee hereby agrees that he is bound, then: 
 (A) Each installment of the payments and benefits due
under Section 5 that, in accordance with the dates and terms set forth herein, will in all circumstances, regardless of when the separation from service occurs, be paid within the Short-Term Deferral Period (as hereinafter defined) shall be
treated as a short-term deferral within the meaning of Treasury Regulation Section 1.409A-1(b)(4) to the maximum extent permissible under Section 409A. For purposes of this Agreement, the “Short-Term Deferral Period” means the
period ending on the later of the 15th day of the third month following the end of the Employee’s tax 

  
 6 

 
year in which the Employee’s separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the Employee’s separation from
service occurs; 
 (B) Each installment of the payments and benefits due under Section 5 that is not paid within the
Short-Term Deferral Period and that would, absent this subsection, be paid within the six-month period following the “separation from service” of the Employee of the Company shall not be paid until the date that is six months and one day
after such separation from service (or, if earlier, the death of the Employee), with any such installments that are required to be delayed being accumulated during the six-month period and paid in a lump sum on the date that is six months and one
day following the Employee’s separation from service and any subsequent installments, if any, being paid in accordance with the dates and terms set forth herein; provided, however, that the preceding provisions of this sentence shall not apply
to any installment of payments and benefits if and to the maximum extent that that such installment is deemed to be paid under a separation pay plan that does not provide for a deferral of compensation by reason of the application of Treasury
Regulation 1.409A-1(b)(9)(iii) (relating to separation pay upon an involuntary separation from service) or Treasury Regulation 1.409A-1(b)(9)(iv) (relating to reimbursements and certain other separation payments). Such delayed payments shall bear
interest at an annual rate equal to the prime rate as set forth in the Eastern edition of the Wall Street Journal on the Employee’s date of termination of employment, from the date of termination of employment to the date of payment. Any
installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of the second taxable year of the Employee following the taxable year of the Employee in which the
separation from service occurs. 
 (C) The determination of whether and when the Employee’s separation from service from
the Company has occurred shall be made and in a manner consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-1(h). Solely for purposes of this paragraph (C), “Company” shall include all
persons with whom the Company would be considered a single employer under Section 414(b) and 414(c) of the Code. 
 (e) The
receipt of any severance benefits provided for under this Agreement or otherwise shall be dependent upon the Employee’s delivery to the Company of an effective general release of claims in a form satisfactory to the Company. Such release must
be delivered and become irrevocable within sixty (60) days of the date of the Employee’s termination of employment. Payment of the benefits shall be made or commence no later than the thirtieth (30th) day following the date on which
the release becomes irrevocable. Notwithstandinng the foregoing, if the 60th day following the termination of employment occurs in the calendar year following the year of the Employee’s termination of employment then the severance payments
shall not be made or commence prior to January 1 of the year following such termination of employment, and in any event, payment of benefits under this subparagraph shall be subject to the provisions of Section 5(d) to the extent
applicable. 
 (f) The benefits provided for the Employee under this Agreement shall be the sole payments and benefits for which
the Employee shall be eligible at the conclusion of his 

  
 7 

 
employment with the Company for any reason and shall supersede any and all prior agreements or arrangements for post-termination benefits and indemnification. 

6. Notices. All notices, instructions, demands, claims, requests and other communications given hereunder or in connection
herewith shall be in writing. Any such communication shall be sent either (a) by registered or certified mail, return receipt requested, postage prepaid, or (b) via a reputable nationwide overnight courier service, in each case to the
address set forth below. Any such communication shall be deemed to have been delivered two business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent via a
reputable nationwide overnight courier service. 
  

			
	To the Company:	 	 Curis, Inc.
 4 Maguire
Road
 Lexington, MA 02421
 Facsimile:
(617) 503-6501
 Attention: Chief Financial Officer

		
	To the Employee:	 	 Ali Fattaey, Ph.D.

[address]

 Either party hereto may give any notice, instruction, demand, claim, request or other communication hereunder using any
other means (including personal delivery, expedited courier, messenger service, telecopy, telex, ordinary mail or electronic mail), but no such communication shall be deemed to have been duly given unless and until it actually is received by the
party for which it is intended. Either party hereto may change the address to which notices, instructions, demands, claims, requests and other communications hereunder are to be delivered by giving the other party hereto notice in the manner set
forth in this Section 6. 
 7. Entire Agreement. This Agreement supersedes all prior agreements, whether oral or
written, by any officer, employee or representative of any party hereto in respect of the subject matter contained herein; and any prior agreement of the parties hereto in respect of the subject matter contained herein is hereby terminated and
cancelled (other than the Non-disclosure and Assignment of Inventions Agreement dated February 19, 2013 by and between Employee and the Company). 
 8. Amendment. This Agreement may be amended or modified only by a written instrument executed by both the Company and the Employee. 

9. Governing Law. Except as set forth in Section 13.14, the Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Massachusetts without giving effect to principles of conflicts of laws. Except as set forth in Section 13.16, any action, suit, or other legal proceeding which is commenced to resolve any matter arising under or
relating to any provision of the Agreement shall be commenced only in a court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within Massachusetts), and the Company and the Employee each consents to the jurisdiction
of such a court. 

  
 8 

 10. Successors and Assigns. The Company shall require any successor (whether direct
or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform the Agreement to the same extent that the Company would be required to
perform it if no such succession had taken place. As used in the Agreement, “Company” shall mean the Company as defined above and any successor to its business or assets as aforesaid which assumes and agrees to perform the Agreement, by
operation of law or otherwise. 
 11. Miscellaneous. 

11.1 No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any other
right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

11.2 The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect the scope
or substance of any section of this Agreement. 
 11.3 In case any provision of this Agreement shall be invalid, illegal or
otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 
 12. No Duty to Seek Employment. The Employee and the Company acknowledge and agree that nothing contained in this Agreement shall be construed as requiring the Employee to seek or accept
alternative or replacement employment in the event of his termination of employment by the Company for any reason, and no payment or benefit payable hereunder shall be conditioned on the Employee’s seeking or accepting such alternative or
replacement employment. 
 13. Indemnification. Upon the later of (1) six years after the date that the Employee
shall have ceased to serve as an Employee officer of the Company or, at the request of the Company, as a director, officer, partner, trustee, member, employee or agent of another corporation, partnership, joint venture, trust, limited liability
company or other enterprise or (2) the final termination of all Proceedings (as defined below) pending on the date set forth in clause (1) in respect of which the Employee is granted rights of indemnification or advancement of Expenses (as
defined below) hereunder and of any proceeding commenced by the Employee pursuant to Section 13.8 of this Agreement relating thereto, the Company shall provide indemnification to the Employee as follows: 

13.1 Indemnification in Third-Party Proceedings. The Company shall indemnify the Employee in accordance with the provisions of this
Section 13.1 if the Employee was or is a party to or threatened to be made a party to or otherwise involved in any Proceeding (other than a Proceeding by or in the right of the Company to procure a judgment in its favor) by reason of the
Employee’s Corporate Status or by reason of any action alleged to have been taken or omitted in connection therewith, against all Expenses, judgments, fines, penalties and amounts paid in settlement actually and reasonably incurred by or on
behalf of the Employee in 

  
 9 

 
connection with such Proceeding, if the Employee acted in good faith and in a manner which the Employee reasonably believed to be in, or not opposed to, the best interests of the Company and,
with respect to any criminal Proceeding, had no reasonable cause to believe that his or her conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, shall
not, of itself, create a presumption that the Employee did not act in good faith and in a manner which the Employee reasonably believed to be in, or not opposed to, the best interests of the Company, and, with respect to any criminal Proceeding, had
reasonable cause to believe that his or her conduct was unlawful. 
 13.2 Indemnification in Proceedings by or in the Right of
the Company. The Company shall indemnify the Employee in accordance with the provisions of this Section 13.2 if the Employee was or is a party to or threatened to be made a party to or otherwise involved in any Proceeding by or in the right
of the Company to procure a judgment in its favor by reason of the Employee’s Corporate Status (as defined below) or by reason of any action alleged to have been taken or omitted in connection therewith, against all Expenses and, to the extent
permitted by law, amounts paid in settlement actually and reasonably incurred by or on behalf of the Employee in connection with such Proceeding, if the Employee acted in good faith and in a manner which the Employee reasonably believed to be in, or
not opposed to, the best interests of the Company, except that no indemnification shall be made under this Section 13.2 in respect of any claim, issue, or matter as to which the Employee shall have been adjudged to be liable to the Company,
unless, and only to the extent, that the Court of Chancery of Delaware or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of such liability but in view of all the circumstances of
the case, the Employee is fairly and reasonably entitled to indemnity for such Expenses as the Court of Chancery or such other court shall deem proper. 
 13.3 Exceptions to Right of Indemnification. Notwithstanding anything to the contrary in this Agreement, except as set forth in Section 13.8, the Company shall not indemnify the Employee in
connection with a Proceeding (or part thereof) initiated by the Employee unless the initiation thereof was approved by the Board of the Company. Notwithstanding anything to the contrary in this Agreement, the Company shall not indemnify the Employee
to the extent the Employee is reimbursed from the proceeds of insurance, and in the event the Company makes any indemnification payments to the Employee and the Employee is subsequently reimbursed from the proceeds of insurance, the Employee shall
promptly refund such indemnification payments to the Company to the extent of such insurance reimbursement. 
 13.4
Indemnification of Expenses of Successful Party. Notwithstanding any other provision of this Agreement, to the extent that the Employee has been successful, on the merits or otherwise, in defense of any Proceeding or in defense of any claim,
issue or matter therein, the Employee shall be indemnified against all Expenses incurred by or on behalf of Employee in connection therewith. Without limiting the foregoing, if any Proceeding or any claim, issue or matter therein is disposed of, on
the merits or otherwise (including a disposition without prejudice), without (i) the disposition being adverse to the Employee, (ii) an adjudication that the Employee was liable to the Company, (iii) a plea of guilty or nolo
contendere by the Employee, (iv) an adjudication that Employee did not act in good faith and in a manner the Employee reasonably believed to be in or not opposed to the best interests of the Company, and

  
 10 

 
(v) with respect to any criminal proceeding, an adjudication that the Employee had reasonable cause to believe his or her conduct was unlawful, the Employee shall be considered for the purposes
hereof to have been wholly successful with respect thereto. 
 13.5 Notification and Defense of Claim. As a condition
precedent to the Employee’s right to be indemnified, the Employee must notify the Company in writing as soon as practicable of any Proceeding for which indemnity will or could be sought. With respect to any Proceeding of which the Company is so
notified, the Company will be entitled to participate therein at its own expense and/or to assume the defense thereof at its own expense, with legal counsel reasonably acceptable to the Employee. After notice from the Company to the Employee of its
election so to assume such defense, the Company shall not be liable to the Employee for any legal or other expenses subsequently incurred by the Employee in connection with such Proceeding, other than as provided below in this Section 13.5. The
Employee shall have the right to employ his or her own counsel in connection with such Proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of
the Employee unless (i) the employment of counsel by the Employee has been authorized by the Company, (ii) counsel to the Employee shall have reasonably concluded that there may be a conflict of interest or position on any significant
issue between the Company and the Employee in the conduct of the defense of such Proceeding or (iii) the Company shall not in fact have employed counsel to assume the defense of such Proceeding, in each of which cases the fees and expenses of
counsel for the Employee shall be at the expense of the Company, except as otherwise expressly provided by this Agreement. The Company shall not be entitled, without the consent of the Employee, to assume the defense of any claim brought by or in
the right of the Company or as to which counsel for the Employee shall have reasonably made the conclusion provided for in clause (ii) above. The Company shall not be required to indemnify the Employee under this Agreement for any amounts paid
in settlement of any Proceeding effected without its written consent. The Company shall not settle any Proceeding in any manner which would impose any penalty or limitation on the Employee without the Employee’s written consent. Neither the
Company nor the Employee will unreasonably withhold or delay their consent to any proposed settlement. 
 13.6 Advancement of
Expenses. Subject to the provisions of Section 13.7 of this Agreement, in the event that the Company does not assume the defense pursuant to Section 13.5 of this Agreement of any Proceeding of which the Company receives notice under
this Agreement, any Expenses incurred by or on behalf of the Employee in defending such Proceeding shall be paid by the Company in advance of the final disposition of such Proceeding; provided, however, that the payment of such Expenses incurred by
or on behalf of the Employee in advance of the final disposition of such Proceeding shall be made only upon receipt of an undertaking by or on behalf of the Employee to repay all amounts so advanced in the event that it shall ultimately be
determined that the Employee is not entitled to be indemnified by the Company as authorized in this Agreement. Such undertaking shall be accepted without reference to the financial ability of the Employee to make repayment. 

13.7 Procedure for Indemnification. In order to obtain indemnification or advancement of Expenses pursuant to Sections 13.1, 13.2,
13.4 or 13.6 of this Agreement, the Employee shall submit to the Company a written request. Any such indemnification or advancement of Expenses shall be made promptly, and in any event within 30 days after receipt

  
 11 

 
by the Company of the written request of the Employee, unless with respect to requests under Sections 13.1, 13.2 or 13.6 the Company determines within such 30-day period that the Employee did not
meet the applicable standard of conduct set forth in Section 13.1 or 13.2, as the case may be. Such determination, and any determination that advanced Expenses must be repaid to the Company, shall be made in each instance (i) by a majority
vote of the directors of the Company consisting of persons who are not at that time parties to the Proceeding (“disinterested directors”), whether or not a quorum, (ii) by a committee of disinterested directors designated by a
majority vote of disinterested directors, whether or not a quorum, (iii) if there are no disinterested directors, or if the disinterested directors so direct, by independent legal counsel (who may, to the extent permitted by applicable law, be
regular legal counsel to the Company) in a written opinion, or (iv) by the stockholders of the Company. 
 13.8
Remedies. The right to indemnification or advancement of Expenses as provided by this Agreement shall be enforceable by the Employee in any court of competent jurisdiction. Unless otherwise required by law, the burden of proving that
indemnification is not appropriate shall be on the Company. Neither the failure of the Company to have made a determination prior to the commencement of such action that indemnification is proper in the circumstances because the Employee has met the
applicable standard of conduct, nor an actual determination by the Company pursuant to Section 13.7 that the Employee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the Employee
has not met the applicable standard of conduct. The Employee’s expenses (of the type described in the definition of “Expenses” below) reasonably incurred in connection with successfully establishing the Employee’s right to
indemnification, in whole or in part, in any such Proceeding shall also be indemnified by the Company. 
 13.9 Partial
Indemnification. If the Employee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses, judgments, fines, penalties or amounts paid in settlement actually and reasonably
incurred by or on behalf of the Employee in connection with any Proceeding but not, however, for the total amount thereof, the Company shall nevertheless indemnify the Employee for the portion of such Expenses, judgments, fines, penalties or amounts
paid in settlement to which the Employee is entitled. 
 13.10 Subrogation. In the event of any payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Employee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such
documents as are necessary to enable the Company to bring suit to enforce such rights. 
 13.11 Indemnification Hereunder Not
Exclusive. The indemnification and advancement of Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which the Employee may be entitled under the Company’s Certification of Incorporation, the By-Laws,
any other agreement, any vote of stockholders or disinterested directors, the General Corporation Law of Delaware, any other law (common or statutory), or otherwise, both as to action in the Employee’s official capacity and as to action in
another capacity while holding office for the Company. Nothing contained in this Agreement shall be deemed to prohibit the Company from purchasing and maintaining insurance, at its expense, to

  
 12 

 
protect itself or the Employee against any expense, liability or loss incurred by it or the Employee in any such capacity, or arising out of the Employee’s status as such, whether or not the
Employee would be indemnified against such expense, liability or loss under this Agreement; provided that the Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that
the Employee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 
 13.12
Definitions. As used in this Section 13: 
 (i) The term “Proceeding” shall include any threatened,
pending or completed action, suit, arbitration, alternative dispute resolution proceeding, administrative hearing or other proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil, criminal, administrative or
investigative nature, and any appeal therefrom. 
 (ii) The term “Corporate Status” shall mean the status of a person
who is or was a director or officer of the Company, or is or was serving, or has agreed to serve, at the request of the Company, as a director, officer, partner, trustee, member, employee or agent of another corporation, partnership, joint venture,
trust, limited liability company or other enterprise. 
 (iii) The term “Expenses” shall include, without limitation,
attorneys’ fees, retainers, court costs, transcript costs, fees and expenses of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and other disbursements or expenses of
the types customarily incurred in connection with investigations, judicial or administrative proceedings or appeals, but shall not include the amount of judgments, fines or penalties against the Employee or amounts paid in settlement in connection
with such matters. Notwithstanding any provision of this Section to the contrary, (i) the expenses eligible for reimbursement may not affect the expenses eligible for reimbursement in any other taxable year, (ii) such reimbursement must be
made on or before the last day of the year following the year in which the expenses was incurred, and (iii) the right to reimbursement is not subject to liquidation or exchange for another benefit. 

(iv) References to “other enterprise” shall include employee benefit plans; references to “fines” shall include any
excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves
services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants, or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interests of the
participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

13.13 Savings Clause. If this Section 13 or any portion thereof shall be invalidated on any ground by any court of competent
jurisdiction, then the Company shall nevertheless indemnify the Employee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this
Section 13 that shall not have been invalidated and to the fullest extent permitted by applicable law. 

  
 13 

 13.14 Applicable Law. Notwithstanding anything herein to the contrary, this
Section 13 shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware. The Employee may elect to have the right to indemnification or reimbursement or advancement of Expenses interpreted on the basis
of the applicable law in effect at the time of the occurrence of the event or events giving rise to the applicable Proceeding, to the extent permitted by law, or on the basis of the applicable law in effect at the time such indemnification or
reimbursement or advancement of Expenses is sought. Such election shall be made, by a notice in writing to the Company, at the time indemnification or reimbursement or advancement of Expenses is sought; provided, however, that if no such notice is
given, and if the General Corporation Law of Delaware is amended, or other Delaware law is enacted, to permit further indemnification of the directors and officers, then the Employee shall be indemnified to the fullest extent permitted under the
General Corporation Law, as so amended, or by such other Delaware law, as so enacted. 
 13.15 Enforcement. The Company
expressly confirms and agrees that it has entered into this Agreement in order to induce the Employee to continue to serve as an officer of the Company, among other things, and acknowledges that the Employee is relying upon this Agreement in
continuing in such capacity. 
 13.16 Consent to Suit. In the case of any dispute under or in connection with this
Section 13, the Employee may only bring suit against the Company in the Court of Chancery of the State of Delaware. The Employee hereby consents to the exclusive jurisdiction and venue of the courts of the State of Delaware, and the Employee
hereby waives any claim the Employee may have at any time as to forum non conveniens with respect to such venue. The Company shall have the right to institute any legal action arising out of or relating to this Section 13 in any court of
competent jurisdiction. Any judgment entered against either of the parties in any proceeding hereunder may be entered and enforced by any court of competent jurisdiction. 
 14. Section 409A of the Internal Revenue Code. All payments and benefits provided under this Agreement are intended to either comply with or be exempt from Section 409A and this Agreement
shall be administered and construed accordingly. The Company makes no representations or warranty and shall have no liability to the Employee or any other person if any payments made under this Agreement are determined to constitute deferred
compensation subject to Section 409A but not to satisfy the conditions of that section. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A to
the extent that such reimbursements or in-kind benefits are subject to Section 409A, including, where applicable, the requirements that (i) any reimbursement is for expenses incurred during the Employee’s lifetime (or during a shorter
period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an
eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and (iv) the right to reimbursement is not subject to set off or liquidation or exchange for any other benefit.

  
 14 

 15. Counterparts. This Agreement may be executed in two counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the day and year set forth above. 
  

			
	CURIS, INC.
		
	By:	 	/s/ Daniel R. Passeri
	 Name:
 Title:
	 	 Daniel R. Passeri
 Chief
Executive Officer

  

			
	 EMPLOYEE

		
	By:	 	/s/ Ali Fattaey
		 	Dr. Ali Fattaey

  
 15EX-10.6

 Exhibit 10.6 
 EMPLOYMENT AGREEMENT 
 EMPLOYMENT AGREEMENT, dated as of
March 30, 2012 (this “Agreement”), by and between MRC Transmark Pte. Ltd., a company incorporated in Singapore (Company registration Number 198403475D) (the “Employer”), and Neil Philip Wagstaff (the
“Executive”) (each of the Employer and the Executive a “Party” and, collectively, the “Parties”). 
 WHEREAS, the Executive has previously been employed by Transmark Fcx Limited and based in the United Kingdom under an agreement dated as of September 10, 2009 which employment terminated by mutual
agreement on March 30, 2012; and 
 WHEREAS, the Executive, the Employer, Holdco (as hereinafter defined) and Transmark Fcx
Limited have agreed that it is in the interests of the Group (as hereinafter defined) that the Executive shall be based in Singapore as an employee of MRC Transmark Pte. Ltd. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other valid consideration, the sufficiency of which is acknowledged, the Parties agree as follows: 

 

	1.	Employment 

  

	 	1.1.	Term. The Employer agrees to employ the Executive, and the Executive agrees to be employed by the Employer pursuant to this Agreement, for a period commencing on
30 March 2012 (such date, the “Effective Date”) and ending on the earlier of (i) October 30, 2014 and (ii) the termination of the Executive’s employment in accordance with Section 3 hereof (the
“Term”). 

  

	 	1.2.	Duties. During the Term, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive shall continue to hold the title
of Executive Vice President—International Operations of MRC Global Inc., a Delaware corporation (“Holdco”) and such other positions as an officer or director of the Employer, PVF Holdings LLC, a Delaware limited liability
company (“PVF”), or their respective subsidiaries (the Employer, PVF and each of their subsidiaries, shall be referred to as the “Group”) as the Executive and the Chief Executive Officer of MRC Global Inc., a
Delaware corporation, (the “CEO”), or such other person designated by the CEO (the “CEO’s Designee”), shall mutually agree from time to time. The Executive shall perform such duties, functions and
responsibilities commensurate with the Executive’s positions as reasonably directed by the CEO or the CEO’s Designee. 

  

	 	1.3.	Exclusivity. During the Term, the Executive shall devote his full time and attention to the business and affairs of the Group, shall faithfully serve the Group,
and shall in all material respects conform to and comply with the lawful and reasonable directions and instructions given to him by the CEO or the CEO’s Designee, consistent with Section 1.2 hereof. During the Term, the Executive
shall use his best efforts to promote and serve the interests of the Group and shall not engage in any other business activity, whether or not such activity shall be engaged in for pecuniary profit, except that the Executive may sit on the boards of
other companies with the consent of the CEO or the CEO’s Designee, which shall not be unreasonably withheld. 

  

	 	1.4.	 Compliance with Group Policies and Restrictions on Interests. During the Term, the Executive (i) shall comply with Group policies in force
from time to time including those in relation to the disclosure of interests and (ii) shall not, directly or indirectly, own, manage, operate, join, control, be employed by, or participate in the ownership, management, operation or control of,
or be connected in any manner with, including, without limitation, holding any position as a stockholder, director, officer, consultant, independent contractor, employee, partner, or investor in, any Restricted Enterprise (as defined in
Section 8.5); provided, that in no event shall ownership of one percent (1%) or less of the outstanding securities of any class of any issuer whose securities are registered under the United States Securities Exchange Act of 1934, as
amended (the “Exchange Act”), or traded 

  
 1 

	 	
on the London Stock Exchange or any other internationally recognized stock exchange, standing alone, be prohibited by this Section 1.4 so long as the Executive does not have, or exercise,
any rights to manage or operate the business of such issuer other than rights as a stockholder thereof. 

  

	2.	Compensation 

  

	 	2.1	Salary. As compensation for the performance of the Executive’s services hereunder, during the Term, the Employer shall pay to the Executive a salary at an
annual rate of £223,125 (the “Base Salary”) payable in monthly installments on or about the 25th day of each month. The monthly salary payable to the Executive will be paid in Pounds Sterling. However, at the Executive’s
election and on receipt of written instructions from the Executive, the monthly salary payable to the Executive will be converted and paid in Singapore Dollars using the exchange rate applicable on the first business day of that month as shown on
Bloomberg.com (or such other exchange indicator as agreed between the Employer and the Executive if Bloomberg.com is not available). The Base Salary shall be reviewed annually and may be adjusted upward by the Board of Directors of Holdco (the
“Board”) (or a committee thereof), in its discretion, based on competitive data and the Executive’s performance. No increase in Base Salary shall limit or reduce any other right or obligation to the Executive under this
Agreement and the Base Salary shall not be reduced at any time (including after any such increase). 

  

	 	2.2	Annual Bonus. For each completed fiscal year during the Term, the Executive shall be eligible to receive additional cash incentive compensation pursuant to the annual
bonus plan of Holdco in effect at such time (the “Annual Bonus”). For purposes of Annual Bonus calculations, the Executive is deemed to have been employed since the commencement of the 2012 fiscal year. The target Annual Bonus shall be
seventy five percent (75%) of the Executive’s Base Salary as in effect at the beginning of such fiscal year with the actual Annual Bonus to be based upon such individual and/or Employer and/or Group performance criteria established for
each such fiscal year by the Board. 

  

	 	2.3	Equity. The Executive shall be granted stock options to purchase shares of common stock of Holdco as determined by the Board from time to time, with the terms of
such stock options to be determined by the Board in its discretion. 

  

	 	2.4	Employee Benefits. During the Term, the Executive shall be eligible to participate in such health and other group insurance and other employee benefit plans and
programs of the Employer as in effect from time to time on a substantially similar basis as other senior executives of Holdco save that the Executive will, while based in Singapore (or on termination in respect of certain benefits), be provided with
the housing, medical and flight benefits and payments in respect of the provision of disability, life and health insurance and employer pension contributions set forth in Exhibit A. 

The Executive’s place of work, hours and terms as to sick pay are set forth in Exhibit C. 

 

	 	2.5	Annual Leave. During the Term, the Executive shall be entitled to paid annual leave in accordance with the Employer’s annual leave policy as in effect from
time to time. Notwithstanding the foregoing, the Executive shall be entitled to all statutory and other customary public holidays in Singapore, and to an additional twenty five (25) days annual leave per calendar year to be taken at such times
as may be approved by the CEO or the CEO’s Designee. Such entitlement shall accrue from day to day. No more than five (5) days of annual leave to which the Executive was entitled in the previous year but which he did not take during such
previous year may be carried forward to any subsequent year without the consent of the CEO or the CEO’s Designee. If the Executive has on the termination of his employment hereunder, howsoever caused, any unused annual leave entitlement, he
shall be entitled to payment in lieu thereof. If, on termination, he has taken annual leave in excess of such entitlement, there shall be deducted from any final payment due to him a sum in respect of each such day taken. For the purpose of this
section, the formula for calculating any payment or repayment will be 1/260 of the Executive’s basic annual salary for each relevant annual leave day. 

 

	 	2.6	 Business Expenses. The Employer shall pay or reimburse the Executive for all commercially reasonable business out-of-pocket expenses that the
Executive incurs during the Term in performing 

  
 2 

	 	
his duties under this Agreement upon presentation of documentation and in accordance with the expense reimbursement policy of the Employer as approved by the CEO or the CEO’s Designee and in
effect from time to time. 

  

	3.	Termination of Employment 

  

	 	3.1.	Generally. The Employer may terminate the Executive’s employment for any reason during the Term, and the Executive may voluntarily terminate his employment
for any reason during the Term, in each case (other than a termination by the Employer for Cause (as defined in Section 8.1)) at any time upon not less than thirty (30) days’ notice to the other Party. Upon the termination of the
Executive’s employment with the Employer for any reason, the Executive shall be entitled to any Base Salary earned but unpaid through the date of termination, any earned but unpaid Annual Bonus for completed fiscal years, any unreimbursed
expenses in accordance with Section 2.6 hereof, earned but unused annual leave entitlement in accordance with Section 2.5 and, to the extent not theretofore paid or provided, any other amounts or benefits required to be paid or provided
under any plan, program, policy or practice or other contract or agreement of the Employer and its affiliates through the date of termination of employment (collectively, the “Accrued Amounts”). 

 

	 	3.2.	Certain Terminations 

  

	 	a)	Termination by the Employer other than for Cause or Disability; Termination by the Executive for Good Reason. If the Executive’s employment is terminated
during the Term by the Employer other than for Cause or Disability (as defined in Section 8.2), or by the Executive for Good Reason (as defined in Section 8.3), the Executive shall be entitled to: (i) the Accrued Amounts, (ii) a
pro-rata bonus for the fiscal year in which the employment terminates, based on actual performance through the end of the applicable fiscal year and the number of days that have elapsed in the fiscal year through the date of termination (a
“Pro-Rata Bonus”), (iii) payment of an amount equal to the sum of one-twelfth (1/12) of Base Salary and one-twelfth (1/12) of the target Annual Bonus each month for eighteen (18) months following termination (the
“Severance Payments”) and (iv) continuation of private medical benefits on the same terms as active senior executives for eighteen (18) months following termination (“Medical Continuation”). The period of
eighteen (18) months for payment of the Severance Payments and Medical Continuation shall be reduced by any period of notice given to the Executive that exceeds thirty (30) days where that additional period of notice is served by the
Executive. The Employer’s obligations to make the Severance Payments and to provide Medical Continuation shall be conditioned on: (i) the Executive’s continued compliance with his obligations under Section 4 of this Agreement and
(ii) the Executive’s execution, delivery and non-revocation of a valid and enforceable general release of claims (the “Release”) in substantially the form attached hereto as Exhibit B. In the event that the
Executive breaches any of the covenants set forth in Section 4 of this Agreement, the Executive shall immediately return to the Employer any portion of the Severance Payments that have been paid to the Executive pursuant to this
Section 3.2(a), and the Medical Continuation shall immediately terminate. The Employer will commence payment of the Severance Payments as soon as practicable following receipt of the Release signed by the Executive. Any Pro-Rata Bonus will be
paid at the time Holdco ordinarily pays incentive bonuses to its executives with respect to the fiscal year in which the termination occurs. 

  

	 	b)	Termination upon Death or Disability. If the Executive’s employment is terminated due to the Executive’s death or Disability, the Executive (or the
Executive’s estate, if applicable) will receive (i) the Accrued Amounts, and (ii) a Pro-Rata Bonus. 

  

	 	c)	Exclusive Remedy. The foregoing payments upon termination of the Executive’s employment shall constitute the exclusive severance payments due to the
Executive upon a termination of his employment under this Agreement. 

  

	 	3.3.	 Resignation from All Positions. Upon the termination of the Executive’s employment with the Employer for any reason, the Executive shall be
deemed to have resigned, as of the date of such termination, from 

  
 3 

	 	
all positions he then holds as an officer, director, employee and member of the Board (and any committee thereof) and the board of directors (and any committee thereof) of any member of the Group
or from any officer or directorship which he holds by virtue of the employment. The Executive shall cooperate with the Employer in effecting any removal or resignation and shall execute any document or do anything which is necessary to give effect
thereto. By entering into this Agreement the Executive irrevocably appoints any director of the Employer as his attorney to act on his behalf to execute any document or do anything in his name necessary to effect his resignation in accordance with
this Section 3.3. If there is any doubt as to whether such execution (or other thing) has been carried out within the authority conferred by this Section 3.3 a certificate in writing (signed by any director or the secretary of the
Employer) will be sufficient to prove that the act or thing falls within that authority. 

  

	 	3.4.	Cooperation. Following the termination of the Executive’s employment with the Employer for any reason, the Executive agrees to reasonably cooperate with the
Group upon reasonable request of the CEO or the CEO’s Designee and to be reasonably available to the Group with respect to matters arising out of the Executive’s services to the Employer and other members of the Group. The Employer shall
pay the Executive a reasonable fee for any such services and promptly reimburse the Executive for expenses reasonably incurred in connection with such matters. 

 

	4.	Unauthorized Disclosure; Non-Competition; Non-Solicitation; Interference with Business Relationships; Proprietary Rights 

 

	 	4.1.	Unauthorized Disclosure. The Executive agrees and understands that in the Executive’s position with the Employer, the Executive will be exposed to and will
receive information relating to the confidential affairs of the Group, including, without limitation, technical information, intellectual property, business and marketing plans, strategies, customer information, software, other information
concerning the products, promotions, development, financing, expansion plans, business policies and practices of the Employer and other members of the Group and other forms of information considered by the Group to be confidential or in the nature
of trade secrets (including, without limitation, ideas, research and development, know-how, formulas, technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information and business and marketing plans and
proposals) (collectively, the “Confidential Information”). The Executive agrees that at all times during the Executive’s employment with the Employer and thereafter, the Executive shall not disclose such Confidential
Information, either directly or indirectly, to any individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality
thereof (each a “Person”) other than in connection with the Executive’s employment with the Employer without the prior written consent of the Employer and shall not use or attempt to use any such information in any manner other
than in connection with his employment with the Employer, unless required by law to disclose such information, in which case the Executive shall provide the Employer with written notice of such requirement as far in advance of such anticipated
disclosure as possible. This confidentiality covenant has no temporal, geographical or territorial restriction. 

Upon termination of the Executive’s employment with the Employer, the Executive shall promptly supply to the Employer all property,
keys, notes, memoranda, writings, lists, files, reports, customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data and any other tangible product or document which has been produced by, received by or
otherwise submitted to the Executive during the Executive’s employment with the Employer, and any copies thereof in his (or capable of being reduced to his) possession; provided, however, that the Executive may retain his full rolodex or
similar address and telephone directories. 
  

	 	4.2.	 Non-Competition. By and in consideration of the Employer entering into this Agreement and the payments made and the benefits provided hereunder,
and in further consideration of the Executive’s exposure to the Confidential Information of the Employer and other members of the Group, the Executive agrees that the Executive shall not for eighteen (18) months after termination of his
employment (the “Restriction Period”), directly or indirectly, own, manage, operate, join, control, be 

  
 4 

	 	
employed by, or participate in the ownership, management, operation or control of, or be connected in any manner with, including, without limitation, holding any position as a stockholder,
director, officer, consultant, independent contractor, employee, partner, or investor in, any Restricted Enterprise (as defined in Section 8.5); provided, that in no event shall ownership of one percent (1%) or less of the outstanding
securities of any class of any issuer whose securities are registered under the Exchange Act or traded on the London Stock Exchange or any other internationally recognized stock exchange, standing alone, be prohibited by this Section 4.2, so
long as the Executive does not have, or exercise, any rights to manage or operate the business of such issuer other than rights as a stockholder thereof. During the Restriction Period, upon request of the Employer, the Executive shall notify the
Employer of the Executive’s then-current employment status. 

  

	 	4.3.	Non-Solicitation of Employees. During the Restriction Period, the Executive shall not directly or indirectly contact, induce or solicit (or assist any Person to
contact, induce or solicit) for employment any person who is, or within twelve (12) months prior to the date of such solicitation was, an employee or consultant of the Employer or any other member of the Group where such employee or consultant
was a person who immediately prior to the end of the Executive’s employment (the “Termination Date”) or in the six (6) months prior thereto reported directly to the Executive or to a person who reported directly to the
Executive or with whom the Executive worked closely at any time during the period of six (6) months prior to the Termination Date. 

  

	 	4.4.	Interference with Business Relationships. During the Restriction Period the Executive shall not directly or indirectly contact, induce or solicit (or assist any
Person to contact, induce or solicit) any customer or client of the Employer or any other member of the Group, in respect of whom the Executive had access to confidential information or with whose custom or business the Executive or employees
reporting to him were personally concerned, to terminate its relationship or otherwise cease doing business in whole or in part with the Employer or its subsidiaries or affiliates, or directly or indirectly interfere with (or assist any Person to
interfere with) any material relationship between the Employer or any other member of the Group and any of its or their customers or clients so as to cause harm to the Employer or the relevant member of the Group. 

 

	 	4.5.	Intellectual Property Rights. 

  

	 	a)	The Executive may make or create Intellectual Property Rights (as defined in Section 8.4) in the course of his duties performed pursuant to the Agreement and he
agrees that he has a special obligation to further the interests of the Employer and those of other members of the Group in relation to their business in this respect. 

 

	 	b)	Where the Executive makes or creates any Intellectual Property Rights during the Term which may be of benefit to the Employer or any other member of the Group, he shall
inform the Employer in writing and such Intellectual Property Rights shall be owned absolutely by the Employer to the extent permitted by law. The Executive shall enter into all documents and do all things necessary to ensure such ownership. The
Executive waives all moral rights therein. 

  

	 	c)	Rights and obligations under this Section 4.5 will continue after the termination of this Agreement in respect of all Intellectual Property Rights made or obtained
during the Executive’s employment with the Employer and will be binding on the personal representatives of the Executive. 

  

	 	d)	The Executive agrees that he will not by his acts or omissions do anything which would or might prejudice the rights of the Employer under this Section 4.5.

  

	 	e)	By entering into this Agreement the Executive irrevocably appoints any director of the Employer as his attorney to act on his behalf to execute any document and do
anything in his name for the purpose of giving the Employer (or its nominee) the full benefit of the provisions of this Section 4.5 or the Employer’s entitlement under statute. If there is any doubt as to whether such execution (or other
thing) has been carried out within the authority conferred by this Section 4.5, a certificate in writing (signed by any director or the secretary of the Employer) will be sufficient to prove that the act or thing falls within that authority.

  
 5 

	 	2.1	Confidentiality of Agreement. Other than with respect to information required to be disclosed by applicable law, the Parties agree not to disclose the terms of
this Agreement to any Person; provided that the Executive may disclose this Agreement and/or any of its terms to the Executive’s immediate family, financial advisors and attorneys, so long as the Executive instructs every such Person to whom
the Executive makes such disclosure not to disclose the terms of this Agreement further. 

  

	 	2.2	Remedies. The Executive agrees that any breach of the terms of this Section 4 would result in irreparable injury and damage to the Employer for which the
Employer would have no adequate remedy at law; the Executive therefore also agrees that in the event of said breach or any threat of breach, the Employer shall be entitled to an immediate injunction and restraining order to prevent such breach
and/or threatened breach and/or continued breach by the Executive and/or any and all Persons acting for and/or with the Executive, without having to prove damages, in addition to any other remedies to which the Employer may be entitled at law or in
equity, including, without limitation, the obligation of the Executive to return any Severance Payments made by the Employer to the Executive. The terms of this Section 4.7 shall not prevent the Employer from pursuing any other available
remedies for any breach or threatened breach hereof, including, without limitation, the recovery of damages from the Executive. The Executive and the Employer further agree that the provisions of the covenants contained in this Section 4 are
reasonable and necessary to protect the businesses of the Employer and its affiliates because of the Executive’s access to Confidential Information and his material participation in the operation of such businesses. 

 

	5.	Representation. The Executive and the Employer each represents and warrants that (i) he or it is not subject to any contract, arrangement, policy or
understanding, or to any statute, governmental rule or regulation, that in any way limits his or its ability to enter into and fully perform his or its obligations under this Agreement and (ii) he or it is not otherwise unable to enter into and
fully perform his or its obligations under this Agreement. 

  

	6.	Non-Disparagement. From and after the Effective Date and following termination of the Executive’s employment with the Employer, the Executive agrees not to
make any statement (other than statements made in connection with carrying out his responsibilities for the Employer and its subsidiaries and affiliates) that is intended to become public, or that should reasonably be expected to become public, and
that criticizes, ridicules, disparages or is otherwise derogatory of the Employer or any of its subsidiaries, affiliates, employees, officers, directors or stockholders. 

 

	7.	Withholding and Deductions. The Employer will withhold from any amounts payable under this Agreement such deductions as it is required to make pursuant to any
applicable law or regulation and any amount which the Executive owes to the Employer or any other member of the Group and the Executive hereby consents to such deduction. 

 

	8.	Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 

 

	 	8.1.	“Cause” shall mean the Executive’s (i) continuing failure, for more than ten (10) days after the Employer’s written notice to the
Executive thereof, to perform such duties as are reasonably requested by the Employer; (ii) failure to observe material policies generally applicable to officers or employees of the Employer unless such failure is capable of being cured and is
cured within ten (10) days of the Executive receiving written notice of such failure; (iii) failure to cooperate with any internal investigation of the Employer or any other member of the Group; (iv) commission of any act of fraud,
theft or financial dishonesty with respect to the Employer or any other member of the Group or being charged with or convicted of any arrestable criminal offence (other than an offence under road traffic legislation for which a fine or non-custodial
penalty is imposed); or (v) material violation of the provisions of this Agreement unless such violation is capable of being cured and is cured within ten (10) days of the Executive receiving written notice of such violation.

  

	 	8.2.	“Disability” shall mean the Executive is entitled to receive long-term disability benefits under the long-term disability plan of the Employer or its
affiliates in which Executive participates, or, if there is no such plan, the Executive’s inability, due to physical or mental ill health, to perform the essential functions of the Executive’s job, with or without a reasonable
accommodation, for 180 days during any 365-day period irrespective of whether such days are consecutive. 

  
 6 

	 	8.3.	“Good Reason” shall mean (i) a material and adverse change in the Executive’s duties or responsibilities; (ii) a reduction in the
Executive’s Base Salary or target Annual Bonus; or (iii) breach by the Employer of any material provision of this Agreement; provided, that the Executive must give notice of termination for Good Reason within sixty (60) days of the
occurrence of the first event giving rise to Good Reason. 

  

	 	8.4.	“Intellectual Property Rights” means patents, copyrights, database rights, registered and unregistered design rights, utility models, trade marks, and
any other intellectual property rights throughout the world, applications for registration of any of the same, confidential information and knowhow, whether in each case registered or unregistered. 

 

	 	8.5.	“Restricted Enterprise” shall mean any Person that is actively engaged in any geographic area in any business which is either (i) in competition
with the business of the Employer or any other member of the Group or (ii) proposed to be conducted by the Employer or any other member of the Group in their respective business plans as in effect at that time. 

 

	9.	Miscellaneous. 

  

	 	9.1.	Indemnification. The Employer shall indemnify the Executive to the fullest extent provided under the Employer’s Articles of Association. The Employer and
other members of the Group shall also maintain director and officer liability insurance in such amounts and subject to such limitations as the CEO, CEO’s Designee or Board shall, in good faith, deem appropriate for coverage of directors and
officers of the Employer and Group. 

  

	 	9.2.	Amendments and Waivers. This Agreement and any of the provisions hereof may be amended, waived (either generally or in a particular instance and either
retroactively or prospectively), modified or supplemented, in whole or in part, only by written agreement signed by the Parties; provided, that, the observance of any provision of this Agreement may be waived in writing by the Party that will lose
the benefit of such provision as a result of such waiver. The waiver by any Party of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or
subsequent breach, except as otherwise explicitly provided for in such waiver. Except as otherwise expressly provided herein, no failure on the part of any Party to exercise, and no delay in exercising, any right, power or remedy hereunder, or
otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such Party preclude any other or further exercise thereof or the exercise of any
other right, power or remedy. 

  

	 	9.3.	Assignment; No Third-Party Beneficiaries. This Agreement, and the Executive’s rights and obligations hereunder, may not be assigned by the Executive, and
any purported assignment by the Executive in violation hereof shall be null and void. To the extent permitted by law, no person other than the Parties and other members of the Group shall have the right to enforce any term of this Agreement under
the Contracts (Rights of Third Parties) Act Chapter 53B of Singapore, although this does not affect any other right or remedy of any third party which exists or is available other than under that Act. 

 

	 	9.4.	Data Protection. To the extent required by applicable law, the Executive gives his consent to the holding, processing and disclosure of personal data provided by
the Executive to the Employer and Group for all purposes relating to the performance of this Agreement including, but not limited to: 

  

	 	a)	administering and maintaining personnel records; 

  

	 	b)	paying and reviewing salary and other remuneration and benefits; 

  

	 	c)	providing and administering benefits (including if relevant, pension, life assurance, permanent health insurance and medical insurance); 

 

	 	d)	undertaking performance appraisals and reviews; 

  

	 	e)	maintaining sickness and other absence records; 

  
 7 

	 	f)	taking decisions as to the Executive’s fitness for work; 

  

	 	g)	providing references and information to future employers, and if necessary, governmental and quasi-governmental bodies for social security and other purposes, the
Inland Revenue Authority of Singapore and the Central Provident Fund Board; 

  

	 	h)	providing information to future purchasers of the Employer or of the business in which the Executive works; and 

 

	 	i)	transferring information concerning the Executive to a country or territory outside Singapore. 

The Executive will comply with the Employer’s policies on data protection matters. 

 

	 	9.5.	Notices. Unless otherwise provided herein, all notices, requests, demands, claims and other communications provided for under the terms of this Agreement shall
be in writing. Any notice, request, demand, claim or other communication hereunder shall be sent by (i) personal delivery (including receipted courier service) or overnight delivery service, (ii) facsimile during normal business hours,
with confirmation of receipt, to the number indicated, (iii) reputable commercial overnight delivery service courier or (iv) registered or certified mail, return receipt requested, postage prepaid and addressed to the intended recipient as
set forth below: 

  

			
	 If to the Employer:
	 	MRC Transmark Pte. Ltd.
		 	80 Raffles Place
		 	#32-01
		 	UOB Plaza
		 	Singapore, 048624
		 	Attention:                           
                                         
                                         
             
		 	Facsimile:                           
                                         
                                         
            
		
	 copy to:
	 	MRC Global Inc.
		 	909 Fannin, Suite 3100
		 	Houston, TX 77010
		 	United States of America
		 	Attention: General Counsel
		 	Facsimile: 001 713-655-0159
		
		 	            and
		
		 	Fried, Frank, Harris, Shriver & Jacobson LLP
		 	One New York Plaza
		 	New York, NY 10004
		 	United States of America
		 	Attention: Robert C. Schwenkel, Esq.
		 	Facsimile: 001 212-859-4000
		
	 If to the Executive:
	 	at his principal office at the Employer (during the Term), and at all times to his principal residence as reflected in the records of the Employer, or as notified to the Employer
from time to time by the Executive.

 All such notices, requests, consents and other communications shall be deemed to have been given
when received. Either Party may change its facsimile number or its address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other Party notice in the manner then set forth. 

 

	 	9.6.	Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights and obligations of the Parties shall be governed by, the laws of
Singapore. 

  

	 	9.7.	 Power of Attorney. The Executive hereby appoints any director of the Employer to act as his attorney with authority in his name and on his
behalf to execute any deed or instrument and generally to use 

  
 8 

	 	
his name for the purposes set out in Sections 3.3 and 4.5. The Executive hereby declares that this power of attorney is given to secure his obligations under Sections 3.3 and 4.5 of this
Agreement and shall be irrevocable. 

  

	 	9.8.	Severability. Whenever possible, each provision or portion of any provision of this Agreement, including those contained in Section 4 hereof, will be
interpreted in such manner as to be effective and valid under applicable law but the invalidity or unenforceability of any provision or portion of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability of
the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that provision or portion of any provision, in any other jurisdiction. In addition, should a court or arbitrator determine that any
provision or portion of any provision of this Agreement, including those contained in Section 4 hereof, is not reasonable or valid, either in period of time, geographical area, or otherwise, the Parties agree that such provision should be
interpreted and enforced to the maximum extent which such court or arbitrator deems reasonable or valid. 

  

	 	9.9.	Entire Agreement. From and after the Effective Date this Agreement shall constitute the entire agreement between the Parties, and supersede all prior
representations, agreements and understandings (including any prior course of dealings), both written and oral, between the Parties with respect to the subject matter hereof. 

 

	 	9.10.	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts shall together
constitute one and the same instrument. 

  

	 	9.11.	Binding Effect. This Agreement shall inure to the benefit of, and be binding on, the successors of each of the Parties, including, without limitation, the
Executive’s heirs and the personal representatives of the Executive’s estate and any successor to all or substantially all of the business and/or assets of the Employer. 

 

	 	9.12.	General Interpretive Principles. The name assigned this Agreement and headings of the sections, paragraphs, subparagraphs, clauses and subclauses of this
Agreement are for convenience of reference only and shall not in any way affect the meaning or interpretation of any of the provisions hereof. Words of inclusion shall not be construed as terms of limitation herein, so that references to
“include,” “includes” and “including” shall not be limiting and shall be regarded as references to non-exclusive and non-characterizing illustrations. 

 

	 	9.13.	Mitigation. Notwithstanding any other provision of this Agreement, (i) the Executive will have no obligation to mitigate damages for any breach or
termination of this Agreement by the Employer, whether by seeking employment or otherwise and (ii) the amount of any payment or benefit due the Executive after the date of such breach or termination will not be reduced or offset by any payment
or benefit that the Executive may receive from any other source. 

  

	 	9.14.	Submission to Jurisdiction. The Parties irrevocably agree that the courts of Singapore or England and Wales, at the election of the party first commencing any
proceedings in relation to this Agreement, are to have exclusive jurisdiction to settle any disputes which may arise out of or in connection with this Agreement and that, accordingly, any legal action or proceedings arising out of or in connection
with this Agreement may be brought in those courts and the Parties irrevocably submit to the jurisdiction of whichever of those courts is first seized of the matter. 

 [signature page follows] 

  
 9 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written
above. 
  

			
	 MRC Transmark Pte. Ltd.

		
	 By:
	 	 /s/ James Yeo

		 	Managing Director
	
	Executed as a Deed
	
	EXECUTIVE
	
	 /s/ Neil P. Wagstaff

	Neil Philip Wagstaff
	
	in the presence of
	
	 /s/ Cher Soh Peng

	
	Address: 45 Chua Chu Kang Loop
	#13-14 Singapore 689679
	
	Occupation: Financial Controller

  
 10 

 Exhibit A 

Benefits 
  

	 	•	 	 Housing Allowance $15,000 SOD per calendar month inclusive of any tax equalization payments made to the Executive in respect of such housing allowance.

  

	 	•	 	 Reasonable costs of shipping household goods and personal effects from the United Kingdom to Singapore on commencement of the employment and at the end
of the Term from Singapore to the United Kingdom (save on the Executive’s resignation other than for Good Reason or his termination by the Employer for Cause). 

 

	 	•	 	 Reasonable costs (as determined by the Employer acting reasonably) of (1) four return business class flights per annum to the United Kingdom from
Singapore for each of the Executive and Spouse. (The Employer agrees that Executive and/or Spouse may travel other than to and from the United Kingdom but the Employer’s costs for all flights provided to the Executive and his Spouse on an
annual basis under this sub-section (1) shall not exceed the combined cost of four return business class flights for each of the Executive and his Spouse to the United Kingdom from Singapore); (2) business class flights to the United
Kingdom from Singapore at the end of the Term for Executive and Spouse (save in the event of the Executive’s resignation other than for Good Reason or his termination by the Employer for Cause); and (3) business class flights to the United
Kingdom from Singapore for the Executive’s Spouse in the event of the Executive’s death and for Executive and Spouse if the Executive is subject to Disability (as defined in section 8.2 of the Agreement). 

 

	 	•	 	 Pension salary supplement of 10% of the Executive’s Base Salary. The Executive acknowledges that if during the Term he becomes a participant in
the Singapore Central Provident Fund the Company shall reduce the pension salary supplement by such amount as it is required to contribute to the Central Provident Fund. 

 

	 	•	 	 Payment of up to £1,642 per annum to enable the Executive to purchase life cover. 

 

	 	•	 	 Payment of up to £4,354 per annum to enable the Executive to purchase long term disability cover. 

 

	 	•	 	 Coverage under an International Medical policy at a cost to the Employer not to exceed $15,000 USD. 

If the Executive agrees the Employer’s obligations in respect of each or all of the payments towards life cover; long term disability cover and/or
medical cover may be satisfied by the purchase of appropriate cover for the Executive by the Employer or another member of the Group. 

  
 11 

 Exhibit B 

Release 
  

	1.	In consideration of the payments and benefits to be made under the Employment Agreement, dated as of
                    , 2012 (the “Employment Agreement”), to which Neil Philip Wagstaff (the “Executive”) and
[    ], a company incorporated in Singapore (the “Employer”) (each of the Executive and the Employer a “Party” and, collectively, the “Parties”) are parties, the sufficiency of
which the Executive acknowledges, the Executive, with the intention of binding himself and his heirs, executors, administrators and assigns, does hereby release, remise, acquit and forever discharge the Employer, PVF Holdings LLC, a Delaware limited
liability company, and each of their subsidiaries and affiliates (the “Company Affiliated Group”), their present and former officers, directors, executives, shareholders, agents, attorneys, employees and employee benefit plans (and
the fiduciaries thereof), and the successors, predecessors and assigns of each of the foregoing (collectively, the “Company Released Parties”), of and from any and all claims, actions, causes of action, complaints, charges, demands,
rights, damages, debts, sums of money, accounts, financial obligations, suits, expenses, attorneys’ fees and liabilities of whatever kind or nature in law, equity or otherwise, whether accrued, absolute, contingent, unliquidated or otherwise
and whether now known or unknown, suspected or unsuspected, which the Executive, individually or as a member of a class, now has, owns or holds, or has at any time heretofore had, owned or held, arising on or prior to the date hereof, against any
Company Released Party that arises out of, or relates to, the Employment Agreement, the Executive’s employment with the Employer, or any termination of such employment, including claims (i) for severance or annual leave benefits, unpaid
wages, salary or incentive payments, (ii) for breach of contract, wrongful dismissal, defamation, or other tort, (iii) under any statute, including the United States Federal Age Discrimination in Employment Act of 1967
(“ADEA”), Title VII of the Civil Rights Act of 1964 (“Title VII”), the Civil Rights Act of 1990, the Americans with Disabilities Act of 1990 (“ADA”), the Employee Retirement Income Security Act of
1974, the Family and Medical Leave Act of 1993, the laws of Singapore for breach of contract, unlawful discrimination on grounds of sex, race, age, disability, sexual orientation, religion or belief, unauthorized deduction from pay, non-payment of
annual leave pay, each as amended, and any other Singapore, U.S. or foreign federal, state or local law or judicial decision, excluding: 

  

	 	1.1	Rights of the Executive arising under, or preserved by, this Release or Section 3 of the Employment Agreement; and 

 

	 	1.2	Rights to indemnification the Executive has or may have under the by-laws or articles of association or certificate of incorporation of any member of the Company
Affiliated Group or as an insured under any director’s and officer’s liability insurance policy now or previously in force. 

  

	2.	The Employee acknowledges and agrees that the release of claims set forth in this Release is not to be construed in any way as an admission of any liability whatsoever
by any Company Released Party, any such liability being expressly denied. 

  

	3.	The release of claims set forth in this Release applies to any relief no matter how called, including, without limitation, wages, back pay, front pay, compensatory
damages, liquidated damages, punitive damages, damages for pain or suffering, costs, and attorneys’ fees and expenses. 

  

	4.	The Executive specifically acknowledges that his acceptance of the terms of the release of claims set forth in this Release is, among other things, a specific waiver of
his rights, claims and causes of action under Title VII, ADEA, ADA and any state or local law or regulation in respect of discrimination of any kind; provided, however, that nothing herein shall be deemed, nor does anything contained herein purport,
to be a waiver of any right or claim or cause of action which by law the Executive is not permitted to waive. 

  

	5.	 As to rights, claims and causes of action arising under the ADEA, the Executive acknowledges that he has been given but not utilized a period of
twenty-one (21) days to consider whether to execute this Release. If the Executive accepts the terms hereof and executes this Release, he may thereafter, for a period of seven (7) days following (and not including) the date of execution,
revoke this Release as it relates to the release 

  
 12 

	 	
of claims arising under the ADEA. If no such revocation occurs, this Release shall become irrevocable in its entirety, and binding and enforceable against the Executive, on the day next following
the day on which the foregoing seven (7) day period has elapsed. If such a revocation occurs, the Executive shall irrevocably forfeit any right to payment of the Severance Payments (as defined in the Employment Agreement), but the remainder of
the Employment Agreement shall continue in full force. 

  

	6.	The Executive represents and warrants to the Employer that: 

  

	 	6.1.	Prior to entering into this Release Agreement, the Executive received independent legal advice from [—]1 (the “Independent Advisor”), who has signed the
certificate at Appendix 1; 

  

	 	6.2.	Such independent legal advice related to the terms and effect of this Release Agreement in accordance with the laws of Singapore and, in particular, its effect upon the
Executive’s ability to make any further claims under the laws of Singapore in connection with the Executive’s employment or its termination; 

  

	 	6.3.	The Executive has provided the Independent Adviser with all available information which the Independent Adviser requires or may require in order to advise whether the
Executive has any such claims; and 

  

	 	6.4.	The Executive was advised by the Independent Adviser that there was in force, at the time when the Executive received the independent legal advice, a policy of
insurance covering the risk of a claim by the Executive in respect of losses arising in consequence of that advice. 

  

	7.	Other than as to rights, claims and causes of action arising under the ADEA, the release of claims set forth in this Release shall be immediately effective upon
execution by the Executive. 

  

	8.	The Executive acknowledges and agrees that he has not, with respect to any transaction or state of facts existing prior to the date hereof, filed any complaints,
charges or lawsuits against any Company Released Party with any governmental agency, court or tribunal. 

  

	9.	The Executive acknowledges that the release of claims set forth in this Release relates only to claims which exist as of the date of this Release.

  

	10.	The Executive acknowledges that the Severance Payments he is receiving in connection with the release of claims set forth in this Release and his obligations under this
Release are in addition to anything of value to which the Executive is entitled from the Employer and any of its affiliates. 

  

	11.	Each provision hereof is severable from this Release, and if one or more provisions hereof are declared invalid, the remaining provisions shall nevertheless remain in
full force and effect. If any provision of this Release is so broad, in scope, or duration or otherwise, as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable. 

 

	12.	This Release constitutes the complete agreement of the Parties in respect of the subject matter hereof and shall supersede all prior agreements between the Parties in
respect of the subject matter hereof except to the extent set forth herein. 

  

	13.	The failure to enforce at any time any of the provisions of this Release or to require at any time performance by another party of any of the provisions hereof shall in
no way be construed to be a waiver of such provisions or to affect the validity of this Release, or any part hereof, or the right of any Party thereafter to enforce each and every such provision in accordance with the terms of this Release.

  

	14.	This Release may be executed in several counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same
instrument. Signatures delivered by facsimile shall be deemed effective for all purposes. 

  

	15.	This Release shall be binding upon any and all successors and assigns of the Executive and the Employer. 

 

	16.	This Release shall be governed by and construed and enforced in accordance with the laws of Singapore without giving effect to the conflicts of law principles thereof.

 [signature page follows] 

 

	1 	Name of Executive’s attorney to be included. 

  
 13 

 IN WITNESS WHEREOF, this Release has been signed by or on behalf of each of the Parties, all
as of                                         .

  

			
	 [    ]
	 	
		
	 By:
	 	  

		 	Name:
		 	Title:
	
	 EXECUTIVE

	
	  

	 Neil Philip Wagstaff

  
 14 

 Exhibit C 

 

	1.	Continuous Employment 

The Executive’s period of continuous employment with the Group commenced on 1 March 1996. 

 

	2.	Place of Work 

 The
Executive’s usual place of work will be at No. 6 Tuas Loop Singapore 637343. 
 The Executive may be required in the
performance of his duties to travel to such place or places in the Singapore or abroad as the Employer requires. 
  

	3.	Hours of Work 

 The
Executive’s normal working hours are Monday to Friday 9am to 6 pm with 1 hour for lunch. The Executive will, without additional remuneration, from time to time work such further hours (including at weekends) as are reasonably necessary in order
for him properly to carry out his duties under this Agreement. 
  

	4.	Sickness, Absence and Sick Pay 

 The Executive must notify the Employer on the first day of each absence from work or as soon after it as is practicable and give the reason for and expected duration of the Executive’s absence and
also: 
  

	 	•	 	 complete and sign a self-certification of absence document as soon as is practicable and in any event not later than on the Executive’s return to
work; 

  

	 	•	 	 send to the Employer a medical certificate issued by a registered medical practitioner at the end of seven days from the start of the Executive’s
absence and a further certificate in each successive week of absence; and 

  

	 	•	 	 (where the absence is for some reason other than illness or injury) supply such evidence about the absence and its cause as the Employer from time to
time reasonably requires. 

 If the Executive has complied with his obligation relating to absences from work
the Employer shall pay to the Executive “sick pay” as defined below throughout six months (whether or not continuous) in any one period of 12 months during which he is prevented by illness or injury from the discharging in full his duties
under this Agreement. 
 The amount of the Executive’s sick pay shall be the amount of his Base Salary less any other
sickness or invalidity benefits from any national or local government department or Employer plan whether or not claimed. 
  

	5.	Disciplinary and Grievance 

In the event of the Executive wishing to seek redress of any grievance relating to his employment he should lay his grievance before the
Board in writing, who will afford the Executive the opportunity of a full and fair hearing before the Board or a committee of the Board whose decision on such grievance shall be final and binding. 

No one shall take disciplinary action against the Executive other than the CEO, CEO’s Designee, Board or an authorized member of the
Board, and the Executive hereby recognizes and accepts that in view of his seniority it may not be possible for the Executive to have recourse to an appeal against such disciplinary action. 

  
 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]