Document:

Amended and Restated Voting Agreement

 Exhibit 10.14 
  
 ADVANCED ANALOGIC TECHNOLOGIES, INC. 
  
 AMENDED AND RESTATED 
  
 VOTING AGREEMENT 
  
 This Amended and Restated Voting Agreement (the “Agreement”) is made and entered into this 27th day of October, 2003 by and among Advanced Analogic Technologies, Inc., a California corporation (the “Company”), the persons listed on
Schedule 1 attached hereto (each, a “Common Shareholder” and, collectively, the “Common Shareholders”) and such persons and entities listed in Schedule 2 attached hereto (each, an “Investor” and,
collectively, the “Investors”). The Company, the Common Shareholders and the Investors are collectively referred to as the “Voting Parties.” Terms not otherwise defined herein shall have the meaning ascribed to them
in the Series E Preferred Stock Purchase Agreement dated as of even date herewith (the “Purchase Agreement”). 
  
 RECITALS 
  
 WHEREAS, the Company entered into a Voting Agreement with certain holders of the Company’s Series B Preferred Stock listed on the signature
pages thereto on August 17, 1998, as may have been subsequently amended (the “First Agreement”); 
  
 WHEREAS, the Company entered into a Voting Agreement with certain holders of the Company’s Series C Preferred Stock listed on the signature
pages thereto on August 6, 1999, as may have been subsequently amended (the “Second Agreement”) (the First Agreement and Second Agreement may hereinafter collectively be referred to as the “Prior Agreements”);

  
 WHEREAS, the Company proposes to sell shares of its
Series E Preferred Stock to certain investors pursuant to the Purchase Agreement of even date herewith (the “Financing”); 
  
 WHEREAS, the Company’s Amended and Restated Articles of Incorporation (the “Restated Articles”) provide that (i) the holders
of Series B Preferred Stock, voting as a separate series, shall be entitled to elect one (1) member of the Company’s Board of Directors, (ii) the holders of Series C Preferred Stock, voting as a separate series, shall be entitled to elect one
(1) member of the Company’s Board of Directors, (iii) the holders of Series E Preferred Stock, voting as a separate series, shall be entitled to elect one (1) member of the Company’s Board of Directors, and (iv) the holders of Common
Stock, voting as a separate class, shall be entitled to elect two (2) member of the Company’s Board of Directors; 
  
 WHEREAS, the Voting Parties each desire to consummate the transactions contemplated by the Financing and are willing to enter into this Agreement
as an inducement to each other to complete the transactions contemplated by the Financing. 
  

 NOW, THEREFORE, the parties hereto agree that the Prior Agreements are amended and restated in
their entirety as follows: 
  
 1. Shares. During the
term of this Agreement, the Voting Parties each agree to vote all shares of the Company’s voting securities now or hereafter owned by them, whether beneficially or otherwise, or as to which they have voting power (the “Shares”)
in accordance with the provisions of this Agreement. 
  
 2.
Election of Boards of Directors 
  
 (a)
Voting. During the term of this Agreement, each Voting Party agrees to vote all Shares in such manner as may be necessary to elect (and maintain in office) as members of the Company’s Board of Directors the following individuals:

  
 (i) The one Series B Designee (as defined
below) as the Series B Director; 
  
 (ii) The one
Series C Designee (as defined below) as the Series C Director; 
  
 (iii) The one Series E Designee (as defined below) as the Series E Director; and 
  
 (iv) The two Common Designees (as defined below) as the Common Directors. 
  
 (b) Designation of Directors. The designees to the Company’s Board of Directors described above
(each a “Designee”) shall be selected as follows: 
  
 (i) The one “Series B Designee” shall be chosen by Vision 2000 Venture Ltd., or any of its affiliates that is a Shareholder, who shall initially be John Seto. 
  
 (ii) The one “Series C Designee” shall be
chosen by Maton Fund, who shall initially be Jaff Lin. 
  
 (iii) The one “Series E Designee” shall be chosen by Battery Ventures, who shall initially be Ken Lawler. 
  
 (iv) The two (2) “Common Designees” shall be (A) the Company’s Chief Executive Officer, who is currently Richard
Williams, and (B) an independent industry representative, not otherwise affiliated with the Company, who shall initially be Samuel Anderson. 
  
 (c) Changes in Designees. From time to time during the term of this Agreement, Voting Parties who hold sufficient Shares to select
a Designee pursuant to this Agreement may, in their sole discretion: 
  
 (i) notify the Company in writing of an intention to remove from the Company’s Board of Directors any incumbent Designee who occupies a Board seat for which such Voting Parties are entitled to designate the
Designee; or 
  

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 (ii) notify the Company in writing of an intention to select a new Designee for election
to a Board seat for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such Board seat); 
  
 In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such
reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate shareholders, and the Voting Parties shall vote their Shares to cause: (a) the removal from the
Company’s Board of Directors of the Designee or Designees so designated for removal; and (b) the election to the Company’s Board Directors of any new Designee or Designees so designated. 
  
 (d) Size of Board of Directors. During the term of
this Agreement, each Voting Party agrees to vote all Shares to maintain the authorized number of members of the Board of Directors of the Company at a minimum of five (5) directors. 
  
 3. Cumulative Voting. In the event that any shareholder of the Company exercises its right to cumulate its
votes in connection with any election of directors, the Voting Parties shall coordinate their voting to ensure that the maximum number of Designees are elected to the Board of Directors. In determining the maximum number of Designees which may be
ensured election, the parties hereto shall assume that all outstanding Shares are voted and shall assume that any Shares held by persons who are not parties to this Agreement will vote their Shares for candidates other than the Designees. If less
than all of the Designees can be assured election, then the priority given to the Designees shall be determined by a majority-in-interest of the Common Shareholders and a majority-in-interest of the Investors, voting separately. 
  
 4. Covenants of the Company. 
  
 (a) The Company agrees to take all actions within the
Company’s power and authority to ensure the rights given to the Shareholders hereunder are effective and that they enjoy the benefits thereof. Such actions shall include, without limitation, the use of the Company’s best efforts to cause
the nomination and election of the directors as provided in Section 2 above, as the case may be. The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be performed hereunder by the
Company, but will at all times in good faith assist in the carrying out of all of the provisions of this Agreement. 
  
 (b) The Company agrees to promptly reimburse the Series B Designee, the Series C Designee, the Series E Designee and the Common Designee
that is an industry representative for all of his or her reasonable out-of-pocket expenses incurred in attending each meeting of the Company’s Board of Directors or any committee thereof. 
  
 5. Termination. This Agreement shall terminate upon the earlier
of (i) the conversion of all outstanding shares of the Company’s Preferred Stock into Common Stock; (ii) a Change of Control Transaction (as hereinafter defined); or (iii) the (A) agreement of a Majority-In-Interest (as hereinafter defined) of
the Common Shareholders and a majority-in-interest of the Investors, voting separately and (B) the written consent of Vision 2000 Venture Ltd., Maton Fund and Battery Ventures. 
  

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 6. Additional Shares. In the event that subsequent to the date of this Agreement any shares
or other securities (other than pursuant to a Change of Control Transaction) are issued on, or in exchange for, any of the Shares by reason of any stock dividend, stock split, consolidation of shares, reclassification or consolidation involving the
Company, such shares or securities shall be deemed to be Shares for purposes of this Agreement. 
  
 7. No Liability for Election of Recommended Directors. Neither the Company, nor any Shareholder, nor any officer, director, shareholder,
partner, employee or agent of such party, makes any representation or warranty as to the fitness or competence of the nominee of any party hereunder to serve on the Company’s Board by virtue of such party’s execution of this Agreement or
by the act of such party in voting for such nominee pursuant to this Agreement. 
  
 8. Restrictive Legend. Each certificate representing any of the Shares subject to this Agreement shall be marked by the Company with a legend reading as follows: 
  
 “THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT (A COPY
OF WHICH MAY BE OBTAINED FROM THE ISSUER) AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON HOLDING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.” 
  
 9. Miscellaneous 
  
 (a) Certain Definitions. 
  
 (i) “Change of Control Transaction” means
either (a) the acquisition of the Company by another entity by means of any transaction or series of related transactions to which the Company is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation
but excluding any sale of stock for capital raising purposes) that results in the voting securities of the Company outstanding immediately prior thereto failing to represent immediately after such transaction or series of transactions (either by
remaining outstanding or by being converted into voting securities of the surviving entity or the entity that controls such surviving entity) a majority of the total voting power represented by the outstanding voting securities of the Company, such
surviving entity or the entity that controls such surviving entity; or (b) a sale, lease or other conveyance of all or substantially all of the assets of the Company. 
  
 (ii) Shares “held” by a Voting Party means any Shares directly or indirectly owned (of
record or beneficially) by such Voting Party or as to which such Voting Party has voting power. 
  
 (iii) A “Majority-In-Interest” of either the Common Shareholders or the Investors (or any subgroup thereof) (each, a
“Group”) means the holders of a majority of the outstanding Common Stock (determined on an as-converted basis) then held by such Group. 
  

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 (iv) “Vote” shall include any exercise of voting rights whether at an
annual or special meeting or by written consent or in any other manner permitted by applicable law. 
  
 (b) Notices. All notices, requests, demands, consents, instructions or other communications required or permitted hereunder shall
be in writing and faxed, e-mailed, mailed, or delivered to each party as follows: (i) if to a Voting Party, at such Voting Party’s address, facsimile number or e-mail address set forth in the Company’s records, or at such other address,
facsimile number or e-mail address as such Investor shall have furnished the Company in writing, or (ii) if to the Company, at 830 E. Arques Avenue, Sunnyvale, CA 94085, Attn: Chief Executive Officer, or at such other address or facsimile number as
the Company shall have furnished to the Voting Parties in writing, with a copy to Wilson Sonsini Goodrich & Rosati, 650 Page Mill Road, Palo Alto, California 94304, Attention: Mario M. Rosati, Esq. All such notices and communications will be
deemed effectively given the earlier of (i) when received, (ii) when delivered personally, (iii) one business day after being delivered by facsimile or e-mail (with receipt of appropriate confirmation), (iv) one business day after being deposited
with an overnight courier service of recognized standing or (v) four days after being deposited in the U.S. mail, first class with postage prepaid. In the event of any conflict between the Company’s books and records and this Agreement or any
notice delivered hereunder, the Company’s books and records will control absent fraud or error. 
  
 (c) Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors,
assigns, heirs, executors and administrators of the parties hereto. The Company shall not permit the transfer of any Shares on its books or issue a new certificate representing any Shares unless and until the person to whom such security is to be
transferred shall have executed a written agreement pursuant to which such person becomes a party to this Agreement and agrees to be bound by all the provisions hereof as if such person was a Voting Party hereunder. No party to this Agreement may
assign or otherwise transfer any of its rights or obligations under this Agreement apart from the shares of the Company’s capital stock owned by such party. 
  
 (d) Governing Law. This Agreement shall be governed in all respects by the internal laws of the State
of California. 
  
 (e) Attorney’s
Fees. In the event that any suit or action is instituted to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of
such prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals.

  
 (f) Titles and Subtitles. The titles
and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. All references in this Agreement to sections, paragraphs and exhibits shall, unless otherwise provided,
refer to sections and paragraphs hereof and exhibits attached hereto. 
  
 (g) Further Assurances. Each party hereto agrees to execute and deliver, by the proper exercise of its corporate, limited liability company, partnership or other powers, all such other and 

  

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additional instruments and documents and so all such other acts and things as may be necessary to more fully effectuate this Agreement. 
  
 (h) Entire Agreement. This Agreement and the exhibits
hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof. No party hereto shall be liable or bound to any other party in any manner with regard to the subjects hereof or thereof by any
warranties, representations or covenants except as specifically set forth herein. 
  
 (i) No Grant of Proxy. This Agreement does not grant any proxy and should not be interpreted as doing so. Nevertheless, should the
provisions of this Agreement be construed to constitute the granting of proxies, such proxies shall be deemed coupled with an interest and are irrevocable for the term of this Agreement. 
  
 (j) Not a Voting Trust. This Agreement is not a voting trust governed by Section 706(b) of the
California Corporations Code. 
  
 (k) Specific
Performance. It is agreed and understood that monetary damages would not adequately compensate an injured party for the breach of this Agreement by any party, that this Agreement shall be specifically enforceable, and that any breach or
threatened breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining order. Further, each party hereto waives any claim or defense that there is an adequate remedy at law for such breach or threatened
breach. 
  
 (l) Amendment. Except as
expressly provided herein, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument referencing this Agreement and signed by the Company, a majority-in-interest of the Common
Shareholders and a majority-in-interest of Investors provided that any amendment of (i) Section 2(b)(i) shall require the written consent of Vision 2000 Venture Ltd; (ii) Section 2(b)(ii) shall require the written consent of the Maton Fund; and
(iii) Section 2(b)(iii) shall require the written consent of Battery Ventures; provided, further, that Investors purchasing Shares under the Purchase Agreement after the Initial Closing (as defined in the Purchase Agreement) may become
parties to this Agreement without any amendment of this Agreement pursuant to this paragraph or any consent or approval of any other Voting Party; and provided, further, that if any amendment, waiver, discharge or termination operates in a manner
that treats any Common Shareholder or Investor different from other Common Shareholders or Investors, as the case may be, the consent of such Common Shareholder or Investor shall also be required for such amendment, waiver, discharge or termination.
Any such amendment, waiver, discharge or termination effected in accordance with this paragraph shall be binding upon each Voting Party that has entered into this Voting Agreement. Each Voting Party acknowledges that by the operation of this
paragraph, the holders of a majority of the Shares held by the Common Shareholders and the holders of a majority of the Shares held by the Investors will have the right and power to diminish or eliminate all rights of such Voting Party under this
Agreement. 
  
 (m) No Waiver. The failure
or delay by a party to enforce any provision of this Agreement will not in any way be construed as a waiver of any such provision or prevent that party from thereafter enforcing any other provision of this Agreement. The rights granted both parties
hereunder 

  

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are cumulative and will not constitute a waiver of either party’s right to assert any other legal remedy available to it. 
  
 (n) Severability. If any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary, shall be severed from this Agreement, and such court will
replace such illegal, void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the same economic, business and other purposes of the illegal, void or unenforceable provision.
The balance of this Agreement shall be enforceable in accordance with its terms. 
  
 (o) Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of
which together will constitute one and the same agreement. Facsimile copies of signed signature pages will be deemed binding originals. 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement on the day, month and year first set forth
above. 
  

			
	“Company”
	
	 ADVANCED ANALOGIC TECHNOLOGIES

		
	By:	 	/S/    RICHARD
WILLIAMS        
	 	 	Richard Williams, 
	 	 	President

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

  
 Schedule 1

  
 “Common Shareholders” 
  

	
	
	/s/    TORBJORN
ANDERSSON        
	 Signature of Authorized Signatory

	
	 Sr. Director of Sales

	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    ROBERT G.
BLATTNER        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    KENNETH R. CONE        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    MICHAEL E.
CORNELL        
	 Signature of Authorized Signatory

	
	 V.P. of Technology, Advanced Analogic
 Technologies, Inc.

	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    KEVIN
D’ANGELO        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    JAN GRIPSBORN        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    STEVE HOROWITZ        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    GENE KRZYWINSKI        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    ALLEN LAM        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    RICHARD E. LYMAN        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    ERIK OGREN        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    PIERRE PARIZOT        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    FRED RIFFLE        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    MARITJE RUSLI        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    LARRY T. SEVILLA        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    JOHN S. K. SO        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    LARRY B. WHEATON        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    RICHARD K.
WILLIAMS        
	 Signature of Authorized Signatory

	
	 President & CEO

	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

	
	
	/s/    TIM WEN HIN
YU        
	 Signature of Authorized Signatory

	
	 
	 Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENT 

  
 Schedule 2

  
 “Investors” 
  

	
	“Shareholder”
	
	 SVIC No. 4 New Technology Business
 Investment
L.L.P
 by Samsung Venture Investment

	
	/s/    SAN KI
KIM        
	 Signature of Authorized Signatory

	
	 Sang Ki Kim, Chief Executive Officer

	 Name and Title of Authorized Signatory

  

 ADVANCED ANALOGIC TECHNOLOGIES,
INC. 
 AMENDED AND RESTATED 
 VOTING AGREEMENTForm of Inergy Holdings, L.P. Long Term Incentive Plan

 Exhibit 10.1 
  
 INERGY HOLDINGS, LP 
 LONG-TERM INCENTIVE PLAN 
  
 SECTION 1. Purpose of
the Plan. 
  
 The Inergy Holdings, LP Long-Term Incentive Plan
(the “Plan”) is intended to promote the interests of Inergy Holdings, LP, a Delaware limited partnership (the “Company”), by providing to employees, consultants and directors of the Company and its Affiliates incentive
compensation awards for superior performance that are based on Units. The Plan is also contemplated to enhance the ability of the Company and its Affiliates to attract and retain the services of individuals who are essential for the growth and
profitability of the Company and to encourage those individuals to devote their best efforts to advancing the business of the Company. 
  
 SECTION 2. Definitions. 
  
 As used in the Plan, the following terms shall have the meanings set forth below: 
  
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more
intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
  
 “Award” means an Option, UAR, Restricted Unit or Phantom Unit granted under the Plan, and shall include any tandem DERs granted with respect to
an Award. 
  
 “Award Agreement” means the written or
electronic agreement by which an Award shall be evidenced. 
  
 “Board” means the Board of Directors of Inergy Holdings GP, LLC, the managing general partner of the Company. 
  
 “Committee” means the Compensation Committee of the Board or such other committee of the Board as may be appointed by the Board to administer
the Plan. 
  
 “Consultant” means an independent
contractor, other than a Director, who performs services for the benefit of the Company or an Affiliate of the Company. 
  
 “DER” or “Distribution Equivalent Right” means a contingent right, granted in tandem with a specific Option, UAR or Phantom Unit, to
receive an amount in cash equal to the cash distributions made by the Company with respect to a Unit during the period such tandem Award is outstanding. 

 “Director” means a member of the Board who is not an Employee. 
  
 “Employee” means any employee of the Company or an employee of an
Affiliate who performs services for the benefit of the Company or an Affiliate of the Company. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Fair Market Value” means the closing sales price of a Unit on the applicable date (or if there is no trading in the Units on such date, on the
next preceding date on which there was trading) as reported in The Wall Street Journal (or other reporting service approved by the Committee). In the event Units are not publicly traded at the time a determination of fair market value is
required to be made hereunder, the determination of fair market value shall be made in good faith by the Committee. 
  
 “Option” means an option to purchase Units granted under the Plan. 
  
 “Participant” means any Employee, Consultant or Director granted an Award under the Plan. 
  
 “Person” means an individual or a corporation, limited liability
company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 
  
 “Phantom Unit” means a phantom (notional) Unit granted under the Plan which entitles the Participant to receive a Unit or an amount of cash
equal to the Fair Market Value of a Unit at such time, as determined by the Committee in its discretion. 
  
 “Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains subject to forfeiture
and is either not exercisable by or payable to the Participant, as the case may be. 
  
 “Restricted Unit” means a Unit granted under the Plan that is subject to a Restricted Period. 
  
 “Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act, or any successor rule or regulation thereto as in effect from time
to time. 
  
 “SEC” means the Securities and Exchange
Commission, or any successor thereto. 
  
 “Unit” means a
common unit of the Company. 
  
 “UDR” or “Unit
Distribution Right” means a distribution made by the Company with respect to a Restricted Unit. 
  
 “Unit Appreciation Right” or “UAR” means an Award that, upon exercise, entitles the holder to receive the excess of the Fair Market
Value of a Unit on the exercise date over the exercise price established for such Unit Appreciation Right. Such excess shall be paid in Units or in cash as set forth in the Award Agreement. 
  

 2 

 SECTION 3. Administration. 
  
 The Plan shall be administered by the Committee. Subject to the terms of the Plan and applicable law, and in addition to
other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii)
determine the number of Units to be covered by Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited; (vi) interpret
and administer the Plan and any instrument or agreement relating to an Award made under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration
of the Plan; and (viii) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. Unless otherwise expressly provided in the Plan, all designations, determinations,
interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company,
any Affiliate, any Participant, and any beneficiary of any Award. 
  
 SECTION 4. Units. 
  
 (a) Limits on Units
Deliverable. Subject to adjustment as provided in Section 4(c), the number of Units that may be delivered with respect to Awards under the Plan is 2,000,000; provided, however, that if any Award (including Restricted Units) is terminated,
forfeited or expires for any reason without the delivery of Units covered by such Award or Units are withheld from an Award to satisfy the exercise price or tax withholding obligation with respect to such Award, such Units shall again be available
for delivery pursuant to other Awards granted under the Plan. Notwithstanding the foregoing, there shall not be any limitation on the number of Awards that may be granted under the Plan and paid in cash, and any Units allocated to an Award payable
in cash or Units shall, to the extent paid in cash, be again available for delivery under the Plan with respect to other Awards. With respect to UARs, the Company shall initially allocate the full number of Units subject to the UAR, and shall, upon
settlement of the UAR, add back to the number of Units available under the Plan, the excess of (a) the number of Units initially allocated with respect to the UAR over (b) the number of Units, if any, delivered in settlement of the UAR. 

 
 (b) Sources of Units Deliverable Under Awards. Any Units delivered
pursuant to an Award shall consist, in whole or in part, of Units acquired in the open market or from any Affiliate or any other Person, newly issued Units, or any combination of the foregoing, as determined by the Committee in its sole discretion.

  
 (c) Adjustments. In the event that the Committee
determines that any distribution (whether in the form of cash, Units, other securities, or other property), recapitalization, split, reverse split, reorganization, merger, Change of Control, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Units or other securities of the Company, issuance of warrants or other rights to purchase Units or other securities of the Company, or other similar transaction or event affects the Units such that an adjustment is
determined by the Committee to 

  

 3 

 
be appropriate in order to prevent the dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the
Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Units (or other securities or property) with respect to which Awards may be granted, (ii) the number and type of Units (or other securities or
property) subject to outstanding Awards, (iii) the grant or exercise price with respect to any Award, or (iv) if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award; provided, that the number of Units subject
to any Award shall always be a whole number. 
  
 SECTION 5.
Eligibility. 
  
 Any Employee, Consultant or Director shall
be eligible to be designated a Participant and receive an Award under the Plan. 
  
 SECTION 6. Awards. 
  
 (a)
Options. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Options shall be granted, the number of Units to be covered by each Option, whether DERs are granted with respect to such Option,
the purchase price for such Units and the conditions and limitations applicable to the exercise of the Option, including the following terms and conditions and such additional terms and conditions, as the Committee shall determine, that are not
inconsistent with the provisions of the Plan. 
  
 (i) Exercise Price. The exercise price per Unit under an Option shall be determined by the Committee at the time the Option is granted and may be more or less than its Fair Market Value as of the date of grant. 
  
 (ii) Time and Method of Exercise. The Committee shall
determine (a) the time or times at which an Option may be exercised in whole or in part, which may include, without limitation, accelerated exercisability upon the achievement of specified performance goals or other events, and, (b) in its
discretion, the method or methods by which payment of the exercise price with respect thereto may be made or deemed to have been made, which may include, without limitation, cash, check acceptable to the Company, a “cashless-broker”
exercise through a program approved by the Company, with the consent of the Company, the withholding of Units that would otherwise be delivered to the Participant upon the exercise of the Option, other securities or other property, or any
combination thereof, having a Fair Market Value on the exercise date equal to the relevant exercise price. 
  
 (iii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s
employment or consulting with the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable Restricted Period, all Options shall be forfeited by the Participant. The Committee may, in its
discretion, waive in whole or in part such forfeiture with respect to a Participant’s Options. 
  
 (iv) DERs. To the extent provided by the Committee, in its discretion, a grant of Options may include a tandem DER grant, which may
provide that such DERs shall be 

  

 4 

 
paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee) subject to the same
vesting restrictions as the tandem Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. 
  
 (b) UARs. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Unit Appreciation Rights shall be
granted, the number of Units to be covered by each grant, whether DERs are granted with respect to such Unit Appreciation Right, the exercise price therefor and the conditions and limitations applicable to the exercise of the Unit Appreciation
Right, including the following terms and conditions and such additional terms and conditions, as the Committee shall determine, that are not inconsistent with the provisions of the Plan. However, UARs may only be granted when the Units are publicly
traded and shall terminate if the Units cease to be publicly traded. 
  
 (i) Exercise Price. The exercise price per Unit Appreciation Right shall be determined by the Committee at the time the Unit Appreciation Right is granted and may be more or less than the Fair Market Value of a
Unit as of the date of grant. 
  
 (ii) Time of
Exercise. The Committee shall determine the time or times at which a Unit Appreciation Right may be exercised in whole or in part, which may include, without limitation, accelerated vesting upon the achievement of specified performance goals or
other events. 
  
 (iii) Forfeitures.
Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s employment or consulting arrangement with the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason
during the applicable Restricted Period, all outstanding Unit Appreciation Rights awarded the Participant shall be automatically forfeited on such termination. The Committee may, in its discretion, waive in whole or in part such forfeiture with
respect to a Participant’s Unit Appreciation Rights. 
  
 (iv) DERs. To the extent provided by the Committee, in its discretion, a grant of Unit Appreciation Rights may include a tandem DER grant, which may provide that such DERs shall be paid directly to the
Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee) subject to the same vesting restrictions as the tandem Unit Appreciation Rights Award, or be subject to such other provisions or
restrictions as determined by the Committee in its discretion. 
  
 (c) Phantom Units. The Committee shall have the authority to determine the Employees, Consultants, and Directors to whom Phantom Units shall be granted, the number of Phantom Units to be granted to each such Participant, the
Restricted Period, the time or conditions under which the Phantom Units may become vested or forfeited, which may include, without limitation, the accelerated vesting upon the achievement of specified performance goals or other events, and such
other terms and conditions as the Committee may establish with respect to such Awards, including whether DERs are granted with respect to such Phantom Units. 
  

 5 

 (i) DERs. To the extent provided by the Committee, in its discretion, a grant of
Phantom Units may include a tandem DER grant, which may provide that such DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee) subject to the same vesting
restrictions as the tandem Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. 
  
 (ii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s
employment or consulting arrangement with the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable Restricted Period, all outstanding Phantom Units awarded the Participant shall be
automatically forfeited on such termination. The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a Participant’s Phantom Units. 
  
 (iii) Lapse of Restrictions. Upon or as soon as reasonably practical following the vesting of each
Phantom Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to receive from the Company one Unit or cash equal to the Fair Market Value of a Unit as of the vesting date, as determined by the Committee in its
discretion. 
  
 (d) Restricted Units. The Committee shall
have the authority to determine the Employees, Consultants and Directors to whom Restricted Units shall be granted, the number of Restricted Units to be granted to each such Participant, the Restricted Period, the conditions under which the
Restricted Units may become vested or forfeited, which may include, without limitation, the accelerated vesting upon the achievement of specified performance goals or other events, and such other terms and conditions as the Committee may establish
with respect to such Awards. 
  
 (i) UDRs.
To the extent provided by the Committee, in its discretion, a grant of Restricted Units may provide that distributions made by the Company with respect to the Restricted Units shall be subject to the same forfeiture and other restrictions as the
Restricted Unit and, if restricted, such distributions shall be held, without interest, until the Restricted Unit vests or is forfeited with the UDR being paid or forfeited at the same time, as the case may be. Absent such a restriction on the UDRs
in the Award Agreement, UDRs shall be paid to the holder of the Restricted Unit without restriction. 
  
 (ii) Forfeitures. Except as otherwise provided in the terms of the Award Agreement, upon termination of a Participant’s
employment or consulting with the Company and its Affiliates or membership on the Board, whichever is applicable, for any reason during the applicable Restricted Period, all outstanding Restricted Units awarded the Participant shall be automatically
forfeited on such termination. The Committee may, in its discretion, waive in whole or in part such forfeiture with respect to a Participant’s Restricted Units. 
  

 6 

 (iii) Lapse of Restrictions. Upon or as soon as reasonably practical following the
vesting of each Restricted Unit, subject to the provisions of Section 8(b), the Participant shall be entitled to have the restrictions removed from his or her Unit certificate so that the Participant then holds an unrestricted Unit. 
  
 (e) General. 
  
 (i) Awards May Be Granted Separately or Together.
Except as provided below, Awards may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under any other plan of the
Company or any Affiliate. Awards granted in addition to or in tandem with other Awards or awards granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such
other Awards or awards. Notwithstanding the foregoing, UARs may not be granted in tandem with an Option. 
  
 (ii) Limits on Transfer of Awards. 
  
 (A) Except as provided in paragraph (C) below, each Award shall be exercisable or payable only by or to the Participant during the
Participant’s lifetime, or by the person to whom the Participant’s rights shall pass by will or the laws of descent and distribution. 
  
 (B) Except as provided in paragraphs (A) and (C), no Award and no right under any such Award may be assigned, alienated, pledged,
attached, sold or otherwise transferred or encumbered by a Participant and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate. 

 
 (C) To the extent specifically provided or approved by
the Committee with respect to an Award, an Award may be transferred by a Participant without consideration to immediate family members or related family trusts, limited partnerships or similar entities on such terms and conditions as the Committee
may from time to time establish. 
  
 (iii)
Term of Awards. The term of each Award shall be for such period as may be determined by the Committee, but shall not exceed 10 years. 
  
 (iv) Unit Certificates. All certificates for Units or other securities of the Company delivered under the Plan pursuant to any
Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such
Units or other securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
  
 (v) Consideration for Grants. Awards may be granted
for such consideration, including services, as the Committee determines. 
  

 7 

 (vi) Delivery of Units or other Securities and Payment by Participant of
Consideration. Notwithstanding anything in the Plan or any Award Agreement to the contrary, if the Company is not reasonably able to obtain Units to deliver pursuant to such Award without violating the rules or regulations of any applicable law
or securities exchange, no delivery shall occur until such time as the Committee, in good faith, determines that the delivery of Units may be made without violating the rules or regulations of any applicable law or securities exchange. No Units or
other securities shall be delivered pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award Agreement (including, without limitation, any exercise price or tax withholding) is
received by the Company. 
  
 (vii) Change in
Control, Similar Events. In the event of a Change in Control (as defined from time to time in the Inergy Long Term Incentive Plan, or its successor), all Awards then outstanding shall become fully exercisable and payable in full, as the case may
be, on such Change of Control or at such earlier time as the Committee may provide. In the event the Company, Inergy, L.P., Inergy Partners, LLC or Inergy GP, LLC shall become a party to any corporate or partnership merger, consolidation, split-up,
spin-off, reorganization, or liquidation that does not constitute a Change in Control (a “Similar Event”), the Committee, in its sole discretion, may provide for the complete or partial acceleration of any time periods relating to the
exercise or vesting of any outstanding Award so that such Award may be exercised or paid in full, as the case may be, on or before the date such Award would otherwise have been exercisable or payable. In addition, in the event of a Change in Control
or a Similar Event the Committee may, without the approval of any Person, including any Participant, in its sole discretion (A) cause any Award then outstanding to be assumed by the surviving entity in such transaction; (B) require the mandatory
surrender to the Company by any Participant or beneficiary of some or all of the outstanding Awards held by such Person (irrespective of whether such Awards are then exercisable or payable under the provisions of the Plan) as of a date specified by
the Committee, in which event such Awards shall be cancelled and each Person paid an amount of cash per unit equal to the amount that could have been attained upon the exercise or vesting of such Award or realization of the holder’s rights had
such Award been currently exercisable or payable; (C) require the substitution of a new Award for some or all of the outstanding Awards held by a holder (irrespective of whether such Awards are then exercisable or vested under the provisions of the
Plan) provided that any replacement or substituted Award shall be equivalent in economic value to the holder, as determined by the Committee; (D) make such adjustments to any Award then outstanding as the Committee deems appropriate to reflect such
Change in Control or Similar Event; and (E) require that any Award must be exercised in connection with or prior to the closing of such Change in Control or Similar Event, and that if not so exercised such Award will expire. Any such determinations
by the Committee may be made generally with respect to all Participants, or may be made on a case-by-case basis with respect to particular Participant(s). However, no action shall be taken by the Committee that would cause an Award to be subject to
the additional 20% income tax provided by Section 409A of the Internal Revenue Code. 
  
 SECTION 7. Amendment and Termination. Except to the extent prohibited by applicable law: 
  

 8 

 (a) Amendments to the Plan. Except as required by the rules of the principal securities exchange
on which the Units are traded and subject to Section 7(b) below, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner, without the consent of any member, Participant, other holder or beneficiary of
an Award, or other Person. 
  
 (b) Amendments to Awards.
Subject to Section 7(a), the Committee may waive any conditions or rights under, amend any terms of, or alter any Award theretofore granted, provided no change, other than pursuant to Section 7(c) or, as determined by the Committee, in its sole
discretion, as being necessary or appropriate to comply with applicable law, including, without limitation, Section 409A of the Internal Revenue Code of 1986, in any Award shall materially reduce the benefit of a Participant without the consent of
such Participant. 
  
 (c) Adjustment of Awards Upon the
Occurrence of Certain Unusual or Nonrecurring Events. The Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the
events described in Section 4(c) of the Plan) affecting the Company or the financial statements of the Company, or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are
appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or any Award. 
  
 SECTION 8. General Provisions. 
  
 (a) No Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of
treatment of Participants. The terms and conditions of Awards need not be the same with respect to each recipient. 
  
 (b) Tax Withholding. The Company or any Affiliate is authorized to withhold from any Award, from any payment due or transfer made under any Award
or from any compensation or other amount owing to a Participant the amount (in cash, Units, other securities or property, or Units that would otherwise be issued or delivered pursuant to such Award) of any applicable taxes payable in respect of the
grant of an Award, its exercise, the lapse of restrictions thereon, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding obligations
for the payment of such taxes. 
  
 (c) No Right to
Employment. The grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Company or any Affiliate or to remain on the Board or a Consultant, as applicable. Further, the Company or an
Affiliate may at any time dismiss a Participant from employment, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement. 
  
 (d) Governing Law. The validity, construction, and effect of the Plan
and any rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Delaware law without regard to its conflict of laws principles. 
  

 9 

 (e) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be
invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the
applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and
the remainder of the Plan and any such Award shall remain in full force and effect. 
  
 (f) Other Laws. The Committee may refuse to issue or transfer any Units or other consideration under an Award if, in its sole discretion, it determines that the issuance or transfer of such Units or such other
consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Units are then traded, or result in recoverable short-swing profits under Section 16(b) of the Exchange Act, and any payment
tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. 
  
 (g) No Trust or Fund Created. Neither the Plan nor any Award shall
create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any participating Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive
payments from the Company or any participating Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the Company or any participating Affiliate. 
  
 (h) No Fractional Units. No fractional Units shall be issued or
delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto
shall be canceled, terminated, or otherwise eliminated. 
  
 (i)
Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or
any provision thereof. 
  
 (j) Facility Payment. Any
amounts payable hereunder to any person under legal disability or who, in the judgment of the Committee, is unable to properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of
such person in any manner which the Committee may select, and the Company shall be relieved of any further liability for payment of such amounts. 
  
 (k) Gender and Number. Words in the masculine gender shall include the feminine gender, the plural shall include the singular and the singular
shall include the plural. 
  
 SECTION 9. Term of the Plan.

  
 The Plan shall become effective on the date of the initial
public offering of Units and shall continue until the earlier of the date terminated by the Board or the Committee or Units are no longer available for Awards under the Plan. However, unless otherwise expressly provided in 

  

 10 

 
the Plan or in an applicable Award Agreement, any Award granted prior to such termination, and the authority of the Board or the Committee to amend, alter,
adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award, shall extend beyond such termination date. 
  

 11

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