Document:

Tax Matters Agreement

 Exhibit 10.2 

TAX MATTERS AGREEMENT 

Between 
 DOVER
CORPORATION 
 on behalf of itself 

and the DOVER AFFILIATES 

and 
 KNOWLES
CORPORATION 
 on behalf of itself 

and the KNOWLES AFFILIATES 

 This Tax Matters Agreement (the “Agreement”) is entered into as of the 28th day of
February, 2014, between Dover Corporation (“Dover”), a Delaware corporation, and Knowles Corporation (“Knowles”), a Delaware corporation. 

R E C I T A L S: 
 WHEREAS, the
board of directors of Dover has determined that it is appropriate and advisable to: (i) separate the Knowles Business (defined below) from Dover’s remaining businesses (the “Separation”), which will include the transfer of the
assets (including interests in intangible assets and stock of subsidiaries) used in connection with the Knowles Business to Knowles (the “Contribution”); and (ii) following the Contribution, make a distribution, on a pro rata basis,
to holders of common shares, par value $1.00 per share, of Dover of all of the outstanding shares of common stock, par value $0.01 per share, of Knowles owned by Dover (the “Distribution”) (the date of such Distribution, the
“Distribution Date”); 
 WHEREAS, Dover and Knowles intend that the Contribution and Distribution and certain other transactions
effected as part of the Separation qualify as Tax-free under Sections 355 and 361 of the Internal Revenue Code of 1986, as amended (the “Code”); 

WHEREAS, as of the date hereof and prior to the completion of the Distribution, Dover is the common parent of an affiliated group of domestic
corporations, including Knowles, that has elected to file consolidated U.S. federal income Tax Returns (defined below) and, as a result of the Distribution, neither Knowles nor any of its Affiliates (defined below) will be a member of such group
after the close of the Distribution Date; 
 WHEREAS, Dover and Knowles desire to allocate the responsibilities for various Taxes (defined
below) of the Dover Group (defined below) and the Knowles Group (defined below) for periods prior to and after the Distribution; and 

WHEREAS, Dover and Knowles desire to allocate the responsibilities for certain Tax liabilities incurred in connection with the transactions
involved in the Separation, Contribution and Distribution, including transactions occurring after the Effective Time. 
 NOW, THEREFORE, in
consideration of the mutual agreements, provisions and covenants contained in this Agreement, Dover and Knowles (each on behalf of itself, each of its Affiliates as of the Effective Time, and its future Affiliates) hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.01 Definitions. Reference is made to Section 5.16 of this Agreement regarding the interpretation of certain words and
phrases used in this Agreement. Capitalized terms used in this Agreement and not defined in this Section 1.01 shall have the meanings assigned to them in the Distribution Agreement (defined below). In addition, for the purpose of this
Agreement, the following terms shall have the meanings set forth below. 

 “Affiliate” means any entity that is directly or indirectly “controlled” by
either the person in question or an Affiliate of such person. “Control” means the possession, directly or indirectly, 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. Unless otherwise indicated, the term Affiliate shall refer to Affiliates of a Party as determined immediately after the Distribution. 

“After-Tax Amount” means, with respect to any payment under this Agreement, an additional amount necessary to reflect the increase
in Tax that would result from the receipt or accrual of any payment, using the maximum statutory rate (or rates, in the case of an item that affects more than one Tax) applicable to the recipient of such payment (as increased by the After-Tax
Amount) for the relevant taxable periods, whether or not an actual increase occurs, and reflecting any Tax savings available to the recipient. 

“Agreement” has the meaning set forth in the Preamble. 

“Code” has the meaning ascribed to such term in the second WHEREAS clause hereof. 

“Contribution” has the meaning ascribed to such term in the first WHEREAS clause hereof. 

“Corresponding Portion of the Tax Detriment” means the product of the Tax Detriment and a fraction the numerator of which is the
amount of the related Tax Benefit for a taxable period and the denominator of which is the sum of the related Tax Benefits for all of the relevant taxable periods. 

“Covered Transaction Tax” has the meaning ascribed to such term in Section 3.01(a). 

“Determination” means (i) with respect to U.S. federal income Taxes, a “determination” as defined in
Section 1313(a) of the Code and, with respect to Taxes other than U.S. federal income Taxes, any decision, judgment, decree or other order by a court of competent jurisdiction that, under applicable law, is not subject to further appeal, review
or modification through proceedings or otherwise; (ii) the execution of an IRS Form 870-AD (or successor form) or other closing agreement or accepted offer in compromise under Sections 7121 or 7122 of the Code, or a comparable agreement under
the laws of a state, local, or foreign taxing jurisdiction; (iii) a final settlement resulting from a competent authority determination; (iv) any other final disposition, by mutual agreement of the Parties or by reason of the expiration of
a statute of limitations or period for the filing of claims for refunds, amended Tax Returns, or appeals from adverse determinations; or (v) the payment of, or incurring liability for, Tax with respect to which the Party responsible for such
Tax under this Agreement determines that no action should be taken to recoup such payment or contest such liability. 

“Distribution” has the meaning ascribed to such term in the first WHEREAS clause hereof. 

“Distribution Agreement” means the Separation and Distribution Agreement entered into by and between Dover and Knowles on the date
hereof, as the same may be amended. 

  
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 “Distribution Date” has the meaning ascribed to such term in the first WHEREAS clause
hereof. 
 “Dover” has the meaning set forth in the Preamble. 

“Dover Group” means Dover and all Affiliates of Dover. 

“EMA” means the Employee Matters Agreement, as set forth in the Distribution Agreement. 

“Effective Time” has the meaning set forth in the Distribution Agreement. 

“Employment Taxes” means withholding, payroll, social security, workers compensation, unemployment, disability, and other similar
taxes together with any interest, penalties, additions to tax, or additional amounts with respect thereto imposed by any Tax Authority on any taxpayer or consolidated, combined, or unitary group of taxpayers. 

“Filing Group” means (i) the Dover Group in the case of a Tax Return required to be filed by a member of the Dover Group
(determined following the Separation) under applicable law, or (ii) the Knowles Group in the case of a Tax Return required to be filed by a member of the Knowles Group under applicable law. 

“Filing Group Parent” means (i) Dover, in the case the Dover Group is the Filing Group, or (ii) Knowles, in the case the
Knowles Group is the Filing Group. 
 “Governmental Authority” has the meaning set forth in the Distribution Agreement. 

“Indemnified Party” has the meaning ascribed to such term in Section 5.17(a). 

“Indemnifying Party” has the meaning ascribed to such term in Section 5.17(a). 

“Internal Distribution” has the meaning ascribed to such term in Section 3.01(b). 

“IRS” means the United States Internal Revenue Service. 

“Knowles” has the meaning set forth in the Preamble. 

“Knowles Business” has the meaning set forth in the Distribution Agreement. 

“Knowles Group” means Knowles and all Affiliates of Knowles (determined following the Separation). 

“Non-Filing Group” means (i) the Knowles Group, in the case of a Tax Return required to be filed by a member of the Dover Group
(determined following the Separation) under applicable law, or (ii) the Dover Group, in the case of a Tax Return required to be filed by a member of the Knowles Group under applicable law. 

“Non-Filing Group Parent” means (i) Dover, in the case where the Dover Group is the Non-Filing Group, and (ii) Knowles, in
the case where the Knowles Group is the Filing Group. 

  
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 “Parties” means the parties to this Agreement. 

“Past Practices” has the meaning ascribed to such term in Section 2.04(e). 

“Person” has the meaning set forth in the Distribution Agreement. 

“Post-Distribution Period” means any taxable period or portion of a taxable period beginning after the Distribution Date. 

“Pre-Distribution Period” means any taxable period or portion of a taxable period ending on or before the Distribution Date. 

“Prime Rate” has the meaning set forth in the Distribution Agreement. 

“Remitting Party” has the meaning ascribed to such term in Section 5.17(b). 

“Responsible Party” has the meaning ascribed to such term in Section 5.17(b). 

“Ruling Transaction” has the meaning ascribed to such term in Section 3.01(a). 

“Section 355(e) Event” has the meaning ascribed to such term in Section 3.01(b). 

“Separation” has the meaning ascribed to such term in the first WHEREAS clause hereof. 

“Specified Action” has the meaning ascribed to such term in Section 4.02(b). 

“Straddle Period” means any taxable period beginning on or before the Distribution Date and ending after the Distribution Date. 

“Tax” means: (i) any income, net income, gross income, gross receipts, profits, capital stock, franchise, property, ad valorem,
stamp, excise, severance, occupation, service, sales, use, license, lease, transfer, import, export, customs duties, value added, alternative minimum, estimated or other similar tax (including any fee, assessment, or other charge in the nature of or
in lieu of any tax) together with any interest, penalties, additions to tax or additional amounts with respect thereto imposed by any Tax Authority on any taxpayer or consolidated, combined or unitary group of taxpayers; and (ii) any Employment
Tax. 
 “Tax Authority” means, with respect to any Tax, the Governmental Authority or political subdivision thereof that imposes
such Tax, and the agency (if any) charged with the collection of such Tax for such entity or subdivision. 
 “Tax Benefit” means
the reduction in Tax that should result from any item of loss, deduction (including from depreciation or amortization), or credit (or any other item), whether or not an actual reduction in Tax occurs, including any interest with respect thereto or
interest that would have been payable but for such item, net of any Tax on such interest. For purposes of calculating the amount of any Tax Benefit, the maximum statutory rate (or rates, in the case of an item that affects more than one Tax)
applicable to each item of income, gain, loss, deduction, or credit (or any other item) shall be used. 

  
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 “Tax Contest” means an audit, review, examination, or any other administrative or
judicial proceeding with the purpose or effect of redetermining any Tax (including any administrative or judicial review of any claim for refund). 

“Tax Detriment” means the increase in Tax that should result from any item of income or gain (or any other item), whether or not an
actual increase in Tax occurs, including any interest with respect thereto, net of any Tax savings attributable to such interest. For purposes of calculating the amount of any Tax Detriment, the maximum statutory rate (or rates, in the case of an
item that affects more than one Tax) applicable to each item of income, gain, loss, deduction, or credit (or any other item) shall be used. 

“Tax Opinion” means any opinion on the United States federal income taxation of certain matters involved in the Separation,
Contribution and the Distribution and related transactions provided by Baker & McKenzie LLP to Dover. 
 “Tax Records”
means all records relating to any Tax, including without limitation Tax Returns, journal vouchers, cash vouchers, general ledgers, material contracts, Tax Return workpapers and schedules, appraisal reports, authorizations for expenditures, and
documents relating to rulings or other Determinations by any Tax Authority. 
 “Tax Return” means any report of Tax due, any
claims for refund of Tax paid, any information return with respect to Tax, any election made with respect to Tax, or any other similar report, statement, declaration, or document required to be filed under the Code or other law with respect to Tax,
including any attachments, exhibits, or other materials submitted with any of the foregoing, and including any amendments or supplements to any of the foregoing for any taxpayer or consolidated, combined, or unitary group of taxpayers. 

“Tax Ruling” means each ruling issued by a Tax Authority pursuant to a ruling request filed on behalf of Dover and/or an Affiliate
of Dover (including for this purpose an member of the Knowles Group) prior to the Effective Time with respect to a transaction or transactions undertaken in connection with the Separation, Contribution and Distribution, together with all
supplemental filings and exhibits thereto. 
 “Third Party” has the meaning set forth in the Distribution Agreement. 

“Voltronics Business” means the operations of Voltronics Corporation, the operations of K&L Microwave Inc. attributable to the
assets and liabilities transferred in the merger of Voltronics Corporation, and the operations of New Voltronics Inc. 
 ARTICLE II

 RESPONSIBILITY FOR TAX 

Section 2.01 Responsibility for Tax. Subject to the terms and conditions of Schedule 2.01 hereof: 

 

	(a)	Except as specifically provided in any of the agreements contemplated by the Distribution Agreement, including the EMA with respect to Employment Taxes, Dover 

  
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shall be responsible for, and shall indemnify and hold harmless the Knowles Group from any liability for (i) any Tax imposed by any Tax Authority on a member of the Dover Group excluding for
this purpose (w) the amount of such Taxes attributable to any member of the Knowles Group for any taxable period, (x) any Tax attributable to the Voltronics Business for any taxable period (y) one-half of the aggregate amount of Taxes
(including income Taxes) imposed on a member of the Dover Group (determined following the Separation) arising from, or attributable to, any direct or indirect transfer of assets (including stock) or liabilities in the Separation (other than a
Covered Transaction Tax) and including such transfers contemplated to occur after the Effective Time other than such amounts recoupable by a member of the Dover Group and (z) any Covered Transaction Tax for which Knowles is responsible under
Section 3.01(b); (ii) the Taxes described in Section 2.01(b)(i)(w), (x) and (y); (iii) any Employment Taxes imposed on Dover or any Dover Affiliate arising as a transferee of employees of Knowles or any Knowles Affiliate in
connection with the Separation; and (iv) any Tax (other than a Covered Transaction Tax) imposed on Knowles or a Knowles Affiliate as a result of an action undertaken, or a failure to act, by Dover or a Dover Affiliate (determined following the
Separation) after the Effective Time (other than resulting from a Tax Contest) which gives rise to a Tax on Dover or the Dover Affiliate that Knowles or the Knowles Affiliate is jointly and severally liable for. 

 

	(b)	Except as specifically provided in any of the agreements contemplated by the Distribution Agreement, including the EMA with respect to Employment Taxes, Knowles shall be responsible for, and shall indemnify and hold
harmless the Dover Group from any liability for (i) any Tax imposed by any Tax Authority on a member of the Knowles Group for any taxable period including Employment Taxes imposed on Knowles or any Knowles Affiliate as a transferee of employees
of any member of the Dover Group in connection with the Separation and excluding for this purpose (w) any Covered Transaction Tax for which Dover is responsible under Section 3.01(a), (x) the amount of such Taxes attributable to any
member of the Dover Group (determined following the Separation) for any taxable period and (y) one-half of the aggregate amount of Taxes (including income Taxes) imposed on a member of the Knowles Group arising from, or attributable to, any
direct or indirect transfer of assets (including stock) or liabilities in the Separation (other than a Covered Transaction Tax) and including such transfers contemplated to occur after the Effective Time other than such amounts recoupable by a
member of the Knowles Group; (ii) the Taxes described in Section 2.01(a)(i)(w)-(z); (iii) any Tax (other than a Covered Transaction Tax) imposed on Dover or a Dover Affiliate as a result of an action undertaken, or a failure to act,
by Knowles or a Knowles Affiliate after the Effective Time (other than resulting from a Tax Contest); and (iv) except to the extent related to a Covered Transaction Tax, any gain recognized or recapture of income (including under any gain
recognition agreement entered into by Dover or any Dover Affiliate in accordance with Treasury Regulations Section 1.367(a)-8) in relation to an action, or failure to act, of a member of the Knowles Group arising under any Tax law.

  

	(c)	 The amount of Taxes attributable to the Knowles Group or the Dover Group (i.e., the Non-Filing Group) in the Tax Return filed by a member of the other
group (i.e., the Filing Group) will be determined by treating the Non-Filing Group as if it filed the relevant Tax Return on a standalone basis in a manner consistent with Past Practices,

  
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using the maximum statutory tax rate in effect for the taxable period and utilizing only the tax losses and other attributes of such Non-Filing Group reflected on the Filing Group’s Tax
Return for the taxable period in question which produces a Tax Benefit during such taxable period to the Filing Group. Notwithstanding the foregoing, for purposes of determining the amount of Taxes attributable to the Knowles Group under
Section 2.01(a)(i)(w) upon a Determination (other than as a result of the expiration of the statute of limitations) with respect to any Tax Return for which the Knowles Group is the Non-Filing Group, the amount of such Taxes shall be determined
pursuant to Section 2.02(b)(iv). The Taxes attributable to the Voltronics Business shall be the Taxes incurred by Voltronics Corporation prior to its merger with and into K&L Microwave, Inc., the Taxes attributable to the Voltronics
Business operated by K&L Microwave Inc. after the merger as reasonably determined by Dover as if the Voltronics Business were a standalone entity under the principles set forth in this Section 2.01(c) and the Taxes incurred by New
Voltronics Inc. 

  

	(d)	The Tax incurred in Straddle Periods shall be separated into a Pre-Distribution Period and a Post-Distribution Period by treating the day including the Effective Time as the termination of the Pre-Distribution Period
and the day immediately following the day including the Effective Time as the commencement of the Post-Distribution Period, whether or not allowed under applicable law, and the Tax attributable to the Non-Filing Group for the Pre-Distribution Period
shall be determined by applying the principles of Section 2.01(c). 

 Section 2.02 Refunds, Tax Benefits, and Other
Allocations 
  

	(a)	Refunds and Carrybacks. 

  

	 	(i)	Dover Refunds. Except as provided in Section 2.02(a)(iv) below, Dover shall be entitled to all refunds (including refunds paid by means of a credit against other or future Tax liabilities) with respect to any Tax
for which Dover is responsible under Section 2.01. 

  

	 	(ii)	Knowles Refunds. Except as provided in Section 2.02(a)(iv) below, Knowles shall be entitled to all refunds (including refunds paid by means of a credit against other or future Tax liabilities) with respect to any
Tax for which Knowles is responsible under Section 2.01 other than for a Tax Return for a taxable period for which the Dover Group is the Filing Group. 

  

	 	(iii)	 Payment of Refunds. Except as provided in Section 2.02(a)(iv), Knowles shall forward to Dover, or reimburse Dover for, any refunds due Dover
(pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds), and Dover shall forward to Knowles, or reimburse Knowles for, any refunds due Knowles (pursuant to the terms of this
Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds). In the case of a refund received in the form of a credit against other or future Tax liabilities, reimbursement with respect to such refund shall be
due in each case within 

  
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thirty (30) days after the due date for payment of the Tax against which such refund has been credited. Any payment required to be made pursuant to this Section 2.02(a)(iii) shall be
made within thirty (30) days of the receipt of the refund. If Dover reasonably so requests, Knowles, at Dover’s expense, shall file for and pursue any refund to which Dover is entitled under this Section 2.02(a), provided that the
foregoing does not have a material adverse impact on the Knowles Group, as reasonably determined by Knowles. If Knowles reasonably so requests, Dover, at Knowles’ expense, shall file for and pursue any refund to which Knowles is entitled under
this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Dover Group, as reasonably determined by Dover. The Party making a payment pursuant to this Section 2.02(a)(iii) must deliver with the payment
a statement describing in reasonable detail the basis for the calculation of the amount being paid. 

  

	 	(iv)	Carrybacks. 

  

	 	(1)	The Non-Filing Group shall be entitled to any refund of, or credit against, the Filing Group’s Tax for a Pre-Distribution Period resulting from carrying back any item of loss, deduction or credit that arises in any
Post-Distribution Period of the Non-Filing Group only to the extent that (A) the Filing Group has no item of loss, deduction, or credit that can be carried back to such taxable period and (B) such carryback does not have a material adverse
impact on the Filing Group, as reasonably determined by the Filing Group. If the Filing Group receives any such refund (or benefit of such credit), it shall pay the portion thereof to which Non-Filing Group is entitled within thirty (30) days
of the later of (C) a Determination with respect to the Filing Group’s Tax for such Pre-Distribution Period or (D) a Determination with respect to the Non-Filing Group’s Tax for the Post-Distribution Period that gave rise to the
refund received by the Filing Group (or to the credit against the Filing Group’s Tax); PROVIDED, HOWEVER, that if the Non-Filing Group Parent provides the Filing Group Parent with a letter of credit in a form reasonably acceptable to the Filing
Group Parent and issued by a major money center commercial bank reasonably acceptable to the Filing Group Parent not expiring before the later of clause (C) or (D) of this Section 2.02(a)(iv)(1), then the Filing Group Parent shall pay
to the Non-Filing Group Parent that portion of the refund (or credit against Tax) covered by the letter of credit no later than thirty (30) days after receipt of the refund (or, in the case of a credit, the filing of the Tax Return that
includes such credit) or of the letter of credit, whichever is later. 

  

	 	(2)	 If the Non-Filing Group has a loss or other Tax attribute for any Post-Distribution Period that is to be carried back to any Pre-Distribution Period,
the Non-Filing Group Parent shall notify the 

  
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Filing Group Parent that such item should be carried back. Such notification shall include a description in reasonable detail of the grounds for the refund and the amount thereof, and a
certification by an appropriate officer of the Non-Filing Group Parent setting forth the Non-Filing Group’s belief, based on a thorough examination of the facts and Tax law relating to the Tax treatment of such item, that (A) the Tax
treatment of such item is supported by “substantial authority” within the meaning of Section 6662 of the Code (and the Treasury Regulations thereunder) or, where applicable, any analogous provision of state, local or foreign law and
(B) the transaction has economic substance for purposes of Section 7701 of the Code and any analogous provision of state, local or foreign law. The Filing Group Parent, at the Non-Filing Group Parent’s expense, shall cooperate with
the Non-Filing Group in connection with the filing and processing of any Non-Filing Group carryback and shall provide the Non-Filing Group Parent with copies of all correspondence related thereto. 

 

	 	(3)	If the Filing Group Parent pays any amount to the Non-Filing Group Parent under Section 2.02(a)(iv)(1) and, as a result of a subsequent Determination, the Non-Filing Group is not entitled to all or any part of such
amount, the Filing Group Parent shall notify the Non-Filing Group Parent of the amount to be repaid to the Filing Group Parent and provide a description in reasonable detail of the manner in which such amount was calculated. The Non-Filing Group
Parent shall pay such amount to the Filing Group Parent within thirty (30) days of such notification. 

  

	 	(4)	Any payment required to be made by the Filing Group Parent pursuant to this Section 2.02(a)(iv) shall bear interest at the Prime Rate plus two percent from the date a refund is received by Filing Group. Any payment
required to be made by the Non-Filing Group Parent pursuant to this Section 2.02(a)(iv) shall bear interest at the Prime Rate plus two percent beginning thirty (30) days after the Filing Group Parent notifies the Non-Filing Group Parent of
the amount to be repaid. Such interest shall be paid at the same time as the payment to which it relates. 

  

	(b)	Effect of Audit Adjustments. 

 Notwithstanding Section 2.01 — 

 

	 	(i)	 Payments by Knowles to Dover. Except as provided in Section 3.01(b), if as a result of a Determination, any adjustment shall be made to any Tax
Return for a taxable period relating, in whole or in part, to Tax for which any member of the Dover Group (determined following the Separation) is responsible, and if such adjustment results in both (x) a Tax Detriment to

  
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any member of the Dover Group for the taxable period and (y) a Tax Benefit to any member of the Knowles Group for any taxable period, then Knowles shall pay to Dover an amount equal to the
lesser of the Tax Benefit for each taxable period and the Corresponding Portion of the Tax Detriment. For the avoidance of doubt, this Section 2.02(b)(i) shall apply to any adjustment under Section 482 of the Code or any similar provisions
by any Tax Authority increasing the amount of payments received or deemed received by any member of the Dover Group from any member of the Knowles Group. For purposes of determining the Tax Benefit, the Tax Benefit shall be calculated based solely
on the Tax Benefit realized by the relevant Knowles Group member directly affected by the Determination. 

  

	 	(ii)	Payments by Dover to Knowles. If as a result of a Determination, any adjustment shall be made to any Tax Return for a taxable period relating, in whole or in part, to Tax for which any member of the Knowles Group is
responsible, and if such adjustment results in both (x) a Tax Detriment to any member of the Knowles Group for the taxable period and (y) a Tax Benefit to any member of the Dover Group for any taxable period, then Dover shall pay to
Knowles an amount equal to the lesser of the Tax Benefit for such taxable period and the Corresponding Portion of the Tax Detriment. For the avoidance of doubt, this Section 2.02(b)(ii) shall apply to any adjustment under Section 482 of
the Code or any similar provisions by any Tax Authority increasing the amount of payments received or deemed received by any member of the Knowles Group from any member of the Dover Group. For purposes of determining the Tax Benefit, the Tax Benefit
shall be calculated based solely on the Tax Benefit realized by the relevant Dover Group member directly affected by the Determination. 

  

	 	(iii)	Timing of Payments. Any payment required to be made pursuant to this Section 2.02(b), shall be made the later of (x) thirty (30) days after the Determination that results in such payment pursuant to this
Section 2.02(b) and (y) the earlier of (I) the due date of the Tax Return that includes the Tax Benefit that gives rise to the requirement for such payment and (II) the date the Tax Benefit is recognized in the financial statements of
the Party making the payment. 

  

	 	(iv)	Determination of Tax Detriment. Notwithstanding any other provision of this Agreement, the amount of a Tax Detriment with respect to income taxes attributable to the Knowles Group as a result of a Determination with
respect to a Tax Return for a taxable period that includes both members of the Knowles Group and Dover Group (determined following the Distribution) shall be the aggregate of the adjustments to income of members of the Knowles Group resulting from
such Determination (whether positive or negative) multiplied by the maximum statutory tax rate in effect for the taxable period in the relevant jurisdiction also taking into account adjustments of Tax credits in such Determination; provided,
however, that (x) in no event shall such Tax Detriment be less than zero and (y) any Tax Detriment for a taxable period attributable to a combination of one or more members of the Dover Group with one or more members of the Knowles Group
in a jurisdiction, where such members filed Tax Returns without such combination for such taxable period, shall be borne by the Knowles Group. 

  
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	(c)	Other Allocations 

  

	 	(i)	Research and Experimentation Credit Base Period. Dover shall reasonably make the allocations to Knowles required under Section 41(f)(3) of the Code and inform Knowles of such allocations. Knowles agrees that it
shall not file any Tax Return that is inconsistent with the amount of qualified research expenditures and gross receipts allocated to it by Dover. 

  

	 	(ii)	Allocation of Earnings and Profits. The allocation of earnings and profits between Dover and Knowles and between their Affiliates in the case of any Internal Distribution shall be reasonably determined by Dover pursuant
to Section 312(h) of the Code and the relevant Treasury Regulations under the Code. Dover shall provide the allocation of earnings and profits to Knowles within ninety days after the Distribution Date. 

 

	 	(iii)	Treatment of Tax Attributes. Dover shall in good faith advise Knowles in writing of the portion, if any, of the Tax attributes, including overall foreign loss or consolidated, combined or unitary attributes, which Dover
determines shall be allocated or apportioned to the Knowles Group under applicable law. Knowles and all members of the Knowles Group shall prepare all Tax Returns in accordance with such written notice. In the event that any temporary or final
amendments to Treasury Regulations or any other applicable law are promulgated after the date of this Agreement that provide for any election that would affect the preparation of any Tax Return which affects both a member of the Dover Group and a
member of the Knowles Group and applies such regulations retroactively, then any such election shall be made only to the extent that Dover and Knowles collectively agree to make such election. As soon as practicable after receipt of a written
request from Knowles, Dover shall provide copies of any studies, reports, and workpapers supporting the Tax attributes, including earnings and profits, allocable to the Knowles Group. For the avoidance of doubt, Dover shall not be liable to Knowles
or any member of the Knowles Group for any failure of any determination under this Section 2.02(c) to be accurate under applicable Law. 

  

	 	(iv)	Revised Allocations. The allocations made under this Section 2.02(c) shall be revised by Dover to reflect each subsequent Determination that affects such allocations for any Pre-Distribution Period. Each revised
calculation shall be provided to Knowles within 120 days of the Determination to which the revision relates. 

  
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	(v)	Review of Allocations. Knowles shall have the right to review the accuracy, but not the methodology, of any allocation made under this Section 2.02(c). Knowles shall notify Dover of any disagreement within
forty-five (45) days of being notified of any allocation. Any dispute shall be resolved pursuant to the procedures provided by this Agreement. 

Section 2.03 Option Deductions. Solely the member of the Dover Group or the Knowles Group for which the relevant individual is currently employed
or, if such individual is not currently employed by a member of either group, was most recently employed, at the time of the vesting, exercise, disqualifying disposition, payment or other relevant taxable event, as appropriate, in respect of equity
awards and other incentive compensation of such individual described in the EMA, shall be entitled to claim any income Tax deduction in respect of such equity awards and other incentive compensation on its respective Tax Return associated with such
event. To the extent any Tax deduction that is described in the first sentence of this Section 2.03 and claimed by any member of the Dover Group is disallowed to any and all members of the Dover Group and a Tax Authority makes a Determination
that a member of the Knowles Group is entitled to such deduction, Dover shall notify Knowles of the receipt of such Determination, promptly after receipt thereof, and Knowles shall pay to Dover the lesser of the amount of its Tax Benefit and the
amount of the corresponding Tax Detriment in accordance with Section 2.02(b). To the extent any Tax deduction that is described in the first sentence of this Section 2.03 and claimed by any member of the Knowles Group is disallowed to any
and all members of the Knowles Group and a Tax Authority makes a Determination that a member of the Dover Group is entitled to such deduction, Knowles shall notify Dover of the receipt of such Determination, promptly after receipt thereof, and Dover
shall pay to Knowles the lesser of the amount of its Tax Benefit and the amount of the Corresponding Portion of the Tax Detriment in accordance with Section 2.02(b). 

Section 2.04 Tax Returns. 
  

	(a)	 Except as provided in Section 2.04(b), Dover shall prepare and timely file all Tax Returns for Pre-Distribution Periods (other than a Straddle
Period) for which either the Dover Group or the Knowles Group is the Filing Group and all Tax Returns for Straddle Periods for all members of the Dover Group. In connection with each federal, state, local, and foreign Tax Return that is required
under this Agreement to be filed by Dover for taxable periods ending in 2013 and 2014, Knowles shall timely furnish to Dover Tax information and documents as Dover may reasonably request. With respect to any information required to be provided by
Knowles pursuant to this Section 2.04(a), (i) Dover shall utilize such information in the preparation of the appropriate Tax Returns as provided by Knowles, except to the extent (a) Knowles provides its prior written consent to change
any such information, or (b) Dover determines in good faith that such information is inaccurate or incomplete in a material respect, and (ii) Knowles agrees to indemnify and hold harmless Dover and its Affiliates from and against any cost,
fine, penalty, or other expense of any kind attributable to the misconduct or negligence of Knowles or any of its Affiliates in supplying Dover with inaccurate or incomplete information. An appropriate officer of Knowles shall provide a
certification that, to such officer’s best knowledge and belief, any and all information provided pursuant to this Section 2.04(a) is accurate and complete. If Knowles fails to provide any information required by this Section 2.04(a)

  
 12 

	 	
within the time period specified, Dover may file the applicable Tax Returns based on the information available at the time such Tax Returns are due and Knowles shall indemnify and hold harmless
Dover and its Affiliates from Taxes or other costs imposed on Dover or any of its Affiliates but only to the extent resulting from Knowles’s failure to provide such information in a timely manner. In addition, Knowles shall make available
employees and officers of Knowles and Knowles Affiliates, as Dover reasonably requests, to prepare and file any Tax Return for any Pre-Distribution Period or Straddle Period (including any claims for refunds described in Section 2.02(a)) or to
conduct any Tax Contest with respect to any such Tax Return. If Knowles is responsible under Section 2.01 for a portion of any Tax reported on a Tax Return prepared under this Section 2.04(a) by Dover, Dover shall provide Knowles with a
copy of such Tax Return at least thirty (30) days prior to its due date. Knowles shall notify Dover of any disagreement within 20 days of Knowles’s receipt of such Tax Return. Any dispute shall be resolved pursuant to the procedures
provided by this Agreement. 

  

	 	(b)	Knowles shall be solely responsible for preparing and timely filing all Tax Returns relating to any Taxes that any member of the Knowles Group is required to file under applicable law for any Post-Distribution Period
(other than a Straddle Period) and shall prepare and timely file all Tax Returns for Straddle Periods that a member of the Knowles Group is required to file under applicable law. If Dover is responsible under Section 2.01(a) for a portion of
any Tax reported on a Straddle Period Tax Return prepared by a member of the Knowles Group, Knowles shall provide Dover with a copy of such Tax Return at least thirty (30) days prior to its due date. Dover shall notify Knowles of any
disagreement within 20 days of Dover’s receipt of such Tax Return. Any dispute shall be resolved pursuant to the procedures provided by this Agreement. 

  

	 	(c)	No amended Tax Return for any Pre-Distribution Period shall be filed by the Filing Group that includes a member of the Non-Filing Group unless the Non-Filing Group Parent consents, which consent shall not be
unreasonably denied or withheld. 

  

	 	(d)	No Tax election may be made with respect to any Tax Return for a Pre-Distribution Period by a member of the Filing Group that would affect a member of the Non-Filing Group unless notice of such Tax election is provided
to the affected Non-Filing Group Parent within forty-five (45) days before such Tax Return will be filed. The Non-Filing Group Parent shall have the right to review such elections and request, within 15 days of such notice, that an alternative
election be made. If the Filing Group Parent reasonably determines that such alternative election will not result in any increased Tax liability or reduced Tax attribute of the Filing Group, the Filing Group Parent shall comply with such request.

  

	 	(e)	 Except as otherwise provided in this Agreement, in the case of any Tax Return for or that includes a Pre-Distribution Period, the Party responsible
for preparing and filing such Tax Return pursuant to this Section 2.04 shall prepare (or shall cause the appropriate member of its Group to prepare) such Tax Return in accordance with past practices, accounting methods, elections or conventions
(“Past Practices”) used in preparing and filing the corresponding Tax Return for prior periods and, to the extent any items are not covered by Past Practices, in accordance with reasonable Tax accounting practices. In

  
 13 

	 	
addition, unless otherwise required by applicable law, in the preparation and filing of any Tax Return for or that includes a Pre-Distribution Period, the Party responsible for preparing and
filing such Tax Return shall not take (or shall cause the appropriate member of its Group not to take) any position (or make any election) that is inconsistent with any position taken or election made by Dover in connection with the preparation and
filing of any consolidated U.S. Federal Income Tax Return that includes any Pre-Distribution Period. The Party not responsible for preparing and filing a Tax Return under this Section 2.04 shall cooperate as reasonably necessary to allow the
other Party to prepare and file such Tax Return. 

 Section 2.05 Cooperation, Exchange of Information, and Tax Records. 

 

	(a)	Cooperation and Exchange of Information. Each Party shall provide to the other such cooperation and information as reasonably may be requested in connection with (i) filing any Tax Return, amended return or claim
for refund, (ii) determining a liability for Tax or a right to a refund of Tax, or (iii) participating in or conducting any Tax Contest. Such cooperation and information shall include providing copies of relevant Tax Records. Each Party
shall devote the personnel and resources necessary in order to carry out this Section 2.05(a) and shall make its employees available on a mutually convenient basis to provide explanations of any documents or information provided hereunder. Each
Party shall carry out its responsibilities under this Section 2.05(a) charging to the other only the out-of-pocket costs actually incurred except that Knowles shall not be entitled to compensation for information provided to Dover pursuant to
Section 2.04(a). Any information obtained under this Section 2.05(a) shall be kept in strict confidence, with at least the same degree of care that applies to Dover’s confidential and proprietary information pursuant to policies in
effect as of the Effective Time, except as otherwise may be necessary in connection with the filing of Tax Returns or claims for refund or in conducting an audit or other proceeding. Knowles shall execute all necessary or appropriate forms,
including powers of attorney, reasonably requested by Dover in connection with any action taken by Dover pursuant to this Agreement. 

  

	(b)	Record Retention. Each of Dover and Knowles shall retain all Tax Records in its possession as of the Effective Time relating to any Pre-Distribution Period that are relevant to the other Party for purposes described in
Section 2.05(a) until such time as the other Party shall consent to the disposition of such Tax Records, which consent shall not be withheld unreasonably. 

Section 2.06 Tax Contests. 
  

	(a)	 Notice. The Indemnified Party shall provide prompt notice to the Indemnifying Party of any pending or threatened Tax audit, assessment, or proceeding,
or other Tax Contest, of which it becomes aware, related to Tax for which it is indemnified by the Indemnifying Party hereunder. Such notice shall contain factual information (to the extent known) describing any asserted Tax liability in reasonable
detail and shall be accompanied by copies of any notice and other documents received from any Tax Authority with respect to any such matters. If the Indemnified Party has knowledge of an asserted Tax liability with respect to a matter for which it
is to be indemnified hereunder and such Party fails to 

  
 14 

	 	
give the Indemnifying Party prompt notice of such asserted Tax liability, then (i) if the Indemnifying Party is precluded from contesting the asserted Tax liability in any forum as a result
of the failure to give prompt notice, the Indemnifying Party shall have no obligation to indemnify the Indemnified Party for any Tax resulting from such assertion of Tax liability, and (ii) if the Indemnifying Party is not precluded from
contesting the asserted Tax liability in any forum, but such failure to give prompt notice results in a monetary detriment to the Indemnifying Party, then any amount that the Indemnifying Party is otherwise required to pay the Indemnified Party
pursuant to this Agreement shall be reduced by the amount of such detriment. 

  

	(b)	Control of Tax Contests. 

  

	 	(i)	Knowles. Knowles shall have full responsibility and discretion in conducting, including settling, any Tax Contest involving a Tax Return which includes only members of the Knowles Group (taking into account any
adjustment to the entities included on such Tax Return asserted in, or arising from, any Tax Contest) other than a Covered Transaction Tax. Knowles shall provide notice to Dover and shall consult in good faith with Dover in connection with any Tax
Contest in which Dover is required to make a payment to Knowles under Section 2.02(b)(ii) or any Tax Contest in which the outcome is relevant to any member of the Dover Group for any Pre-Distribution Period. 

 

	 	(ii)	Dover. Dover shall have full responsibility and discretion in conducting, including settling, any Tax Contest that Knowles does not control pursuant to Section 2.06(b)(i). Dover shall consult in good faith with
Knowles in connection with any Tax Contest described in this Section 2.06(b)(ii). Dover shall provide notice to Knowles and shall consult in good faith with Knowles in connection with any Tax Contest in which Knowles is required to make a
payment to Dover under Section 2.02(b)(i) or any Tax Contest in which the outcome is relevant to any member of the Knowles Group for any Post-Distribution Period. 

 

	 	(iii)	Covered Transaction Taxes. Knowles shall have the right to participate in the conduct of a Tax Contest related to Covered Transaction Taxes as a result of the application of Section 355(e) of the Code if, and only
if, (x) Knowles has acknowledged in writing its liability for such Covered Transaction Tax if Section 355(e) were determined to apply, (y) Knowles shall have provided Dover with a letter of credit in a form reasonably acceptable to
Dover and issued by a major money center commercial bank reasonably acceptable to Dover, not expiring before a Determination has occurred with respect to Dover’s Tax for the Post-Distribution Period that gave rise to the Covered Transaction Tax
at issue, and in an amount equal to the maximum amount of Covered Transaction Tax at issue in the Tax Contest and (z) no Tax Return of any member of the Dover Group with respect to which any member of the Dover Group may reasonably be viewed as
having an actual or potential liability for any Tax not indemnified against by Knowles is held open as a result of such Tax Contest. Dover shall not settle any Tax Contest described in this paragraph (iii) without the consent of Knowles, which
consent shall not be unreasonably withheld. 

  
 15 

 ARTICLE III 

TRANSACTIONS TAX 
 Section 3.01
Transactions Tax. 
  

	(a)	General. Except as otherwise provided in Section 3.01(b), Dover shall be responsible for, and shall indemnify and hold harmless the Knowles Group from any and all (i) liabilities sustained by Dover or Knowles
as a result of the Distribution failing to qualify as Tax-free to the Dover shareholders pursuant to Section 355(a) of the Code, and (ii) federal, state, local, and foreign Tax imposed by any Tax Authority on Dover or any Dover Affiliate
or Knowles or any Knowles Affiliate as a result of (x) the failure of any of the transactions described in any Tax Opinion (including each Internal Distribution) to be treated as provided in such opinion; (y) the failure of any of the
transactions described in the Tax Rulings (each a “Ruling Transaction”) to be treated as provided in such rulings; and (z) the inclusion, or taking into account, of any income or gain by Dover or any Dover Affiliate or Knowles or any
Knowles Affiliate under Treasury Regulations Section 1.1502-13 or 1.1502-19 (or any corresponding provisions of other applicable Tax laws) as a result of the Separation and Distribution and (iii) reasonable attorney fees and other costs
incurred by a member of the Dover Group (determined after the Separation) in connection with the liabilities or Taxes described in subclasses (i) and (ii) (each of subclauses (i) through (ii), a “Covered Transaction Tax”).

  

	(b)	Inconsistent Acts and Events. Knowles shall be responsible for, and shall indemnify and hold harmless the Dover Group from and against any liability for, any Covered Transaction Tax (including without limitation
reasonable attorney fees and other costs incurred in connection therewith) resulting from (i) any breach by any member of the Knowles Group of any of the representations or covenants under Article IV hereof, (ii) any Specified Action
performed by any member of the Knowles Group (whether or not Section 4.02(d) is complied with), (iii) any Section 355(e) Event with respect to a member of the Knowles Group (whether or not such Section 355(e) Event is caused by a
Specified Action), and (iv) if clauses (i), (ii) and (iii) do not apply, one-half of any Covered Transaction Tax not caused by a member of the Dover Group, either as a result of an action or failure to act or of a breach of any
representation or covenant provided in Article IV, and not arising under Sections 355(d), (e) or (f) of the Code. 

A Section 355(e) Event with respect to a member of the Knowles Group means any event after the Distribution, involving the stock of
Knowles or a Knowles Affiliate or assets of any member of the Knowles Group, that causes the Distribution or any distribution described in any Tax Ruling or Tax Opinion of the stock of foreign and U.S. subsidiaries for which rulings or opinions were
requested (each an “Internal Distribution”) to be a taxable event to any member of the Dover Group as the result of the application of Section 355(e) of the Code. 

  
 16 

 ARTICLE IV 

REPRESENTATIONS AND COVENANTS 

Section 4.01 Representations. 
  

	(a)	Dover represents that, as of the date of this Agreement, neither it nor any of its Affiliates knows of any fact that would jeopardize the Tax treatment of the transactions provided by the Tax Rulings or any Tax Opinion
or that otherwise would result in a Covered Transaction Tax. 

  

	(b)	Knowles represents that, as of the date of this Agreement, neither it nor any of its Affiliates knows of any fact that would jeopardize the Tax treatment of the transactions provided by the Tax Rulings or any Tax
Opinion, or that otherwise would result in a Covered Transaction Tax. 

  

	(c)	Dover represents that, as of the date of this Agreement, neither it nor any of its Affiliates has any plan or intention to take any action that is inconsistent with the Tax treatment of the transactions provided by the
Tax Rulings or any Tax Opinion, or that otherwise would result in a Covered Transaction Tax. 

  

	(d)	Knowles represents that, as of the date of this Agreement, neither it nor any of its Affiliates has any plan or intention to take any action that is inconsistent with the Tax treatment of the transactions provided by
the Tax Rulings or any Tax Opinion or that otherwise would result in a Covered Transaction Tax. 

  

	(e)	Knowles represents that, as of the date of this Agreement, neither it nor any of its Affiliates has entered into any agreement, understanding, arrangement, or substantial negotiation with respect to any transaction or
event (including stock issuances, option grants, capital contributions, acquisitions, and changes in the voting power of any of its stock), that may cause Section 355(e) of the Code to apply to the Distribution or any Internal Distribution.

 Section 4.02 Covenants. 
  

	(a)	Conduct. Knowles covenants and agrees that it shall not take, and it shall cause its Affiliates to refrain from taking, any action that reasonably may be expected to result in any Covered Transaction Tax described in
Section 3.01(b). This includes taking any action that is inconsistent with the Tax treatment of the transactions provided by any Tax Opinion or the Tax Rulings (any such action, including any action referred to in Section 4.02(a)(i)
through (iv), is referred to in this Agreement as a “Specified Action”). Without limiting the foregoing: 

  

	 	(i)	 Specified Actions. Any time before the second anniversary of the Distribution Date, Knowles shall not (and shall cause its Affiliates to not)
(A) liquidate, merge, or consolidate with or into any corporation that was not already wholly owned by Knowles or by a wholly owned subsidiary of Knowles prior to such transaction; (B) issue any of its capital stock in one

  
 17 

	 	
or more transactions, other than (i) issuances to employees, directors, or independent contractors in connection with the performance of services for Knowles (that are not excessive by
reference to the services performed) which issuances either (x) are with respect to the exercise of options of Knowles that are substituted for Dover options or (y) satisfy Safe Harbor VIII of Treasury Regulations Section 1.355-7(d)
to not be treated for purposes of Section 355(e) of the Code to be part of a plan or series of related transactions that includes the Distribution or the Internal Distributions or (ii) issuances of stock that satisfy Safe Harbor IX of
Treasury Regulations Section 1.355-7(d); (C) redeem, purchase, or otherwise reacquire any of its capital stock in one or more transactions; (D) change the voting rights of any of its stock; (E) issue any options to acquire
Knowles Shares other than options that satisfy Safe Harbor VIII of Treasury Regulations Section 1.355-7(d); (F) sell, exchange, distribute, or otherwise dispose of, other than in the ordinary course of business, all or a substantial part
of the assets of any of the trades or businesses relied on to satisfy Section 355(b) of the Code or any comparable provision of state, local or foreign law; or (G) discontinue or cause to be discontinued the active conduct of any of the
trades or businesses relied on to satisfy Section 355(b) of the Code or any comparable provision of state, local or foreign law. Notwithstanding the foregoing, clauses (A) through (E) of this Section 4.02(a)(i) shall not apply
unless there are transactions described in such clauses any time before the second anniversary of the Distribution Date that result in one or more Persons acquiring directly or indirectly stock representing, in the aggregate, a 40 percent or greater
interest in Knowles (as defined in Sections 355(d)(4) and 355(e) of the Code). This Section 4.02(a)(i) and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any
clarification of, or change in, the statute or regulations promulgated under Section 355(e) of the Code shall be incorporated in this definition and its interpretation. 

 

	 	(ii)	No Inconsistent Actions. Regardless of any change in circumstances, Knowles covenants and agrees that it shall not take any action (and it shall cause its Affiliates to refrain from taking any action) that is
inconsistent with any factual statements or representations made in connection with any Tax Opinion or the Tax Rulings on or before the second anniversary of the Distribution Date other than as permitted in this Section 4.02. For this purpose
an action is considered inconsistent with a representation if the representation states that there is no plan or intention to take such action. 

  

	 	(iii)	Section 355(e). Without in any manner limiting paragraph (i) or (ii) of Section 4.02(a), Knowles covenants and agrees that, through the second anniversary of the Distribution Date, it shall refrain
from entering into (and it shall cause its Affiliates to refrain from entering into) any agreement, understanding, arrangement, or substantial negotiation with respect to any transaction or event (including stock issuances, option grants, capital
contributions, acquisitions, or changes in the voting power of any of its stock), that could reasonably be expected to cause Section 355(e) of the Code to apply to the Distribution or any Internal Distribution. 

  
 18 

	(b)	Amended or Supplemental Rulings. Knowles covenants and agrees that it shall refrain from filing, and it shall cause its Affiliates to refrain from filing, a request for any amendment or supplement to the Tax Rulings
subsequent to the Distribution Date without the consent of Dover, which consent shall not be unreasonably withheld. 

  

	(c)	Tax Returns. Each of Dover and Knowles covenants and agrees that it shall refrain from taking, and it shall cause its Affiliates to refrain from taking, any position on a Tax Return that is inconsistent with
(i) the Tax treatment of the transactions provided by any Tax Opinion, (ii) the Contribution (and the contributions with respect to the Internal Distributions, if any) qualifying for Tax-free treatment under Section 361 of the Code,
(iii) the Tax treatment of the transactions provided by the Tax Rulings, or (iv) the documents effecting any transaction undertaken in connection with the Separation that is not addressed by any Tax Ruling or any Tax Opinion.

  

	(d)	Exception. Notwithstanding the foregoing, Knowles shall be permitted to take an action inconsistent with Section 4.02(a), if, prior to taking such action, Knowles provides notification to Dover of its plans with
respect to such action and promptly responds to any inquiries by Dover following such notification, and (unless Dover agrees otherwise in writing) either: 

  

	 	(i)	In case of an action affecting the Tax treatment of transactions described in any Tax Opinion, Knowles obtains an opinion, reasonably acceptable to Dover, of an independent nationally recognized Tax counsel, reasonably
acceptable to Dover, on the basis of facts and representations consistent with the facts at the time of such action, that such action will not affect the Tax treatment of the transactions provided by the Tax Opinion, or 

 

	 	(ii)	In case of an action affecting the Tax treatment of the Ruling Transactions, Knowles obtains: 

  

	 	(a)	a supplemental ruling with respect to the action from the relevant Tax Authority that is reasonably satisfactory to Dover (except that Knowles shall not submit any supplemental ruling request if Dover determines in good
faith that filing such request could have a materially adverse effect on Dover or any of its Affiliates), or 

  

	 	(b)	an opinion, reasonably acceptable to Dover, of an independent Tax counsel, reasonably acceptable to Dover, on the basis of facts and representations consistent with the facts at the time of such action, that such action
will not affect the Tax treatment of the transactions provided by the Tax Rulings. 

  
 19 

 Notwithstanding anything to the contrary in this Agreement, Knowles shall be responsible for, and
shall indemnify Dover and hold Dover harmless from, any Covered Transaction Tax resulting from a Specified Action of Knowles or any Knowles Affiliate, regardless of whether the exception of this Section 4.02(d) is satisfied with respect to such
act. 
  

	(e)	Duty to Mitigate Recognition or Recapture of Income. Prior to any event that may result in recognition or recapture of income (including under any gain recognition agreement entered into pursuant to Treasury Regulations
Section 1.367(a)-8), Dover and Knowles shall use (and shall cause the members of the Dover Group and Knowles Group, respectively, to use) all commercially reasonable efforts to eliminate such gain recognition or recapture of income or otherwise
avoid or minimize the impact thereof to the other party, including by the execution of an appropriate gain recognition agreement pursuant to Treasury Regulations Section 1.367(a)-8. 

 

	(f)	Dover shall provide to Knowles true and complete copies of all ruling requests, rulings, tax opinions, tax opinion representation letters and any supplement of such documents (including all exhibits and attachments
thereto) provided to or received from a Tax Authority or Tax counsel in connection with the Separation and Distribution by the later of (i) the Distribution Date or (ii) thirty (30) days of providing or receiving such document;
provided, however, that Dover shall not be required to provide to Knowles drafts of any such documents. 

 Section 4.03 No
Continuing Liability for Former Members. 
  

	(a)	Dover Affiliates. If a Dover Affiliate ceases to be a member of the Dover Group as a result of a sale or exchange of all of the stock of such member, other than an exchange for which the consideration received by Dover
is the stock of Dover or a Dover Affiliate, the departing Dover Affiliate shall be released from its obligations under this Agreement upon its departure from the Dover Group. 

 

	(b)	Knowles Affiliates. If a Knowles Affiliate ceases to be a member of the Knowles Group as a result of a sale or exchange of all of the stock of such member, other than an exchange for which the consideration received by
Knowles is the stock of Knowles or a Knowles Affiliate, the departing Knowles Affiliate shall be released from its obligations under this Agreement upon its departure from the Knowles Group. 

ARTICLE V 

MISCELLANEOUS PROVISIONS 

Section 5.01 Counterparts; Entire Agreement; Corporate Power; Facsimile Signatures. 

 

	(a)	Counterparts. This Agreement may be executed in more than one counterparts, all of which shall be considered one and the same agreement, and, except as otherwise expressly provided in Section 1.3 of the
Distribution Agreement, shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Parties. Execution of this Agreement or any other documents pursuant to this Agreement by facsimile
or other electronic copy of a signature shall be deemed to be, and shall have the same effect as, executed by an original signature. 

  
 20 

	(b)	Entire Agreement. This Agreement and the Distribution Agreement (including the schedules thereto) contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous
agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there are no agreements or understandings between the Parties other than those set forth or referred to herein or
therein. It is the intention of the Parties that the Transfer Documents shall be consistent with the terms of this Agreement. In the event of any conflict between the Transfer Documents and this Agreement, the provisions of this Agreement shall
control. The Parties agree that the Transfer Documents are not intended and shall not be construed in any way to enhance, modify or decrease any of the rights or obligations of Dover, any Dover Affiliate, Knowles or any Knowles Affiliate from those
contained in this Agreement. 

  

	(c)	Corporate Power. Each of the Parties hereby represents and warrants that it has the power and authority to execute, deliver and perform this Agreement, that this Agreement has been duly authorized by all necessary
corporate action on the part of such Party, that this Agreement constitutes a legal, valid and binding obligation of each such Party enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other similar Laws affecting creditors’ rights generally and general equity principles. 

 Section 5.02 Governing
Law. This Agreement shall be governed by and construed in accordance with the internal Laws, and not the Laws governing conflicts of Laws (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), of the State of New York.

 Section 5.03 Consent to Jurisdiction. Subject to the provisions of Section 5.18 of this Agreement, each of the Parties irrevocably
submits to the exclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, and (b) the United States District Court for the Southern District of New York (the “New York Courts”), for the purposes of
any suit, action or other proceeding to compel arbitration or for provisional relief in aid of arbitration in accordance with Section 5.18 or for provisional relief to prevent irreparable harm, and to the non-exclusive jurisdiction of the New
York Courts for the enforcement of any award issued thereunder. Each of the Parties further agrees that service of any process, summons, notice or document by United States registered mail to such Party’s respective address set forth in
Section 5.08 hereof shall be effective service of process for any action, suit or proceeding in the New York Courts with respect to any matters to which it has submitted to jurisdiction in this Section 5.03. Each of the Parties irrevocably
and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the New York Courts, and hereby further irrevocably and unconditionally waives
and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

Section 5.04 Injunctions. The Parties acknowledge that irreparable damage would occur in the event that any of the provisions of this Agreement,
including Section 4.02, were not performed in accordance with its specific terms or were otherwise breached. The Parties shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement, including
Section 4.02, and to enforce specifically the terms and provisions hereof in any court having jurisdiction, such remedy being in addition to any other remedy to which they may be entitled at law or in equity. 

  
 21 

 Section 5.05 Waiver of Jury Trial. SUBJECT TO SECTION 5.18 AND SECTIONS 5.03 AND 5.04 HEREIN, EACH OF
THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY COURT PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF AND PERMITTED UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 
 Section 5.06 Assignability. The provisions of this Agreement and the obligations and rights hereunder shall
be binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted transferees and assigns. Notwithstanding the foregoing, this Agreement shall not be assignable, in whole or in
part, by any Party without the prior written consent of the other Party, and any attempt to assign any rights or obligations arising under this Agreement without such consent shall be null and void; provided, that (i) a Party may assign any or
all of its rights and obligations under this Agreement to any of its Affiliates, but no such assignment shall release the assigning Party from any liability or obligation under this Agreement and (ii) a Party may assign this Agreement in whole
in connection with a bona fide third party merger transaction in which such Party is not the surviving entity or the sale by such Party of all or substantially all of its Assets, and upon the effectiveness of such assignment under this clause
(ii) the assigning Party shall be released from all of its obligations under this Agreement if the surviving entity of such merger or the transferee of such Assets shall agree in writing, in form and substance reasonably satisfactory to the
other Party, to be bound by the terms of this Agreement as if named as a “Party” hereto. 
 Section 5.07 Third Party Beneficiaries.
The provisions of this Agreement are solely for the benefit of the Parties and their respective Subsidiaries, after giving effect to the Distribution, and their permitted successors and assigns, and are not intended to confer upon any Person except
the Parties and their respective Subsidiaries, after giving effect to the Distribution, and their permitted successors and assigns, any rights or remedies hereunder; and there are no other third-party beneficiaries of this Agreement and this
Agreement shall not provide any other Third Party with any remedy, claim, Liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

Section 5.08 Notice. All notices, requests, claims, demands and other communications under this Agreement and, to the extent applicable and unless
otherwise provided therein, under each of the Ancillary Agreements, as between the Parties, shall be in writing and shall be given or made 

  
 22 

 
(and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day, in which case it shall be deemed to have been duly given or made on the next
Business Day) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested)
to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 5.08) 

If to Dover: 
 Dover Corporation

 3005 Highland Parkway 

Downers Grove, Illinois 60515 

Attn: Kevin P. Buchanan 

Facsimile: 630-743-2671 
 With a
copy to: 
 Dover Corporation 

3005 Highland Parkway 
 Downers
Grove, Illinois 60515 
 Attn: Ivonne M. Cabrera 

Facsimile: 630-743-2671 
 If to
Knowles: 
 Knowles Corporation 

1151 Maplewood Drive 
 Itasca,
Illinois 60143 
 Attn: John Donovan 

Facsimile: 630-250-0575 
 With a
copy to: 
 Knowles Corporation 

1151 Maplewood Drive 
 Itasca,
Illinois 60143 
 Attn: Thomas Jackson 

Facsimile: 630-250-1295 
 Section 5.09
Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein
shall not in any way be affected or impaired thereby, and the Parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as
possible to that of the invalid, illegal or unenforceable provisions. 
 Section 5.10 No Set Off. Except as otherwise mutually agreed to in
writing by the Parties, neither Party nor any of its Subsidiaries shall have any right of set off or other similar rights with respect to (a) any amounts received pursuant to this Agreement; or (b) any other amounts claimed to be owed to
the other Party or any of its Subsidiaries arising out of this Agreement. 

  
 23 

 Section 5.11 Headings. Titles and headings to Sections and Articles are inserted for the convenience
of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 Section 5.12 Survival of
Covenants. Except as expressly set forth in this Agreement, the covenants and agreements of the Parties contained in this Agreement shall survive the Effective Time and shall remain in full force and effect without limitation as to time. 

Section 5.13 Affiliates. Each of the Parties shall cause (or with respect to an Affiliate that is not a Subsidiary, shall use commercially
reasonable efforts to cause) to be performed all actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party or by any Business Entity that becomes a Subsidiary or Affiliate of such Party on and
after the Effective Time. 
 Section 5.14 Waivers of Default. The failure of any Party to require strict performance by any other Party of any
provision in this Agreement will not waive or diminish that Party’s right to demand strict performance thereafter of that or any other provision hereof. 

Section 5.15 Amendments. This Agreement may not be modified or amended except by an agreement in writing signed by each of the Parties. 

Section 5.16 Interpretation. Words in the singular shall be deemed to include the plural and vice versa and words of one gender shall be deemed to
include the other genders as the context requires. The terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to
any particular provision of this Agreement. Article, Section, Exhibit and Schedule references are to the Articles, Sections, Exhibits, and Schedules to this Agreement unless otherwise specified. Unless otherwise stated, all references to any
agreement shall be deemed to include the exhibits, schedules and annexes to such agreement. The word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless the
context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. Unless otherwise specified in a particular case, the word “days” refers to calendar days. References herein to this Agreement shall
be deemed to refer to this Agreement as of the date on which it is executed and as it may be amended, modified or supplemented thereafter, unless otherwise specified. References to the performance, discharge or fulfillment of any Liability in
accordance with its terms shall have meaning only to the extent such Liability has terms. If the Liability does not have terms, the reference shall mean performance, discharge or fulfillment of such Liability. 

Section 5.17 Advisors. Dover has selected Baker & McKenzie LLP and Skadden, Arps, Slate, Meagher & Flom LLP as counsel in
connection with the Distribution. Knowles acknowledges, for itself and each Knowles Affiliate, that Baker & McKenzie LLP and Skadden, Arps, Slate, Meagher & Flom LLP are acting in the capacity as counsel only to Dover in connection
with this Agreement and the provisions contemplated herein. 
 Section 5.18 Dispute Resolution. Any and all disputes between Dover and Knowles
arising out of any provision of this Agreement shall be resolved through the procedures provided in Article VIII of the Distribution Agreement. 

  
 24 

 Section 5.19 Payments. 
  

	(a)	Procedure for Requesting and Making Indemnification Payments. On the occurrence of an event for which a Party is entitled to receive indemnification hereunder, such Party (the “Indemnified Party”) shall send
the other Party (the “Indemnifying Party”) an invoice requesting payment accompanied by a statement describing in reasonable detail the amount owed and the particulars relating thereto. Unless a provision in this Agreement specifically
provides a different time for payment, the Indemnifying Party shall pay to the Indemnified Party any payment it owes to the Indemnified Party under this Agreement within thirty (30) days after the receipt of the invoice for such payment.

  

	(b)	Procedure for Making Other Payments. If a Party is responsible for any Tax under Section 2.01 (the “Responsible Party”) and such Tax must be remitted by the other Party (the “Remitting Party”),
the Remitting Party shall send the Responsible Party an invoice requesting payment accompanied by a statement describing in reasonable detail the amount owed and the particulars relating thereto. Unless a provision in this Agreement specifically
provides a different time for payment, the Responsible Party shall pay to the Remitting Party any payment it owes to the Remitting Party under this Agreement no later than thirty (30) days before the Remitting Party must remit the Tax to the
appropriate Tax Authority. 

  

	(c)	Character of Payments. For Tax purposes, the Parties agree to treat any payment pursuant to this Agreement in the same manner as a capital contribution by Dover to Knowles or an adjustment to the Contribution made in
the last taxable period beginning before the Distribution (or corresponding treatment with respect to any Internal Distribution) and, accordingly, as not includible in the gross income of the recipient and not deductible by the payor to the extent
allowed under Law. If pursuant to a Determination it is determined that the receipt or accrual of any payment made under this Agreement is subject to any Tax, the Party making such payment shall be responsible for the After-Tax Amount with respect
to such payment. The failure of a Party to include an After-Tax Amount in a demand for payment pursuant to this Agreement shall not be deemed a waiver by the Party of its right to receive an After-Tax Amount with respect to such payment.

  

	(d)	Interest on Late Payments. Unless a provision in this Agreement specifically provides otherwise, any payment required to be made pursuant to this Agreement that is not made on or before the due date for such payment
shall bear interest from the date after the due date to and including the date of payment at the Prime Rate plus two percent. Such interest shall be paid at the same time as the payment to which it relates. Any interest payable pursuant to this
paragraph that is not paid when due shall bear interest at the Prime Rate plus two percent. 

 Section 5.20 No Duplication. Any
indemnification provided under this Agreement shall be determined without duplication of recovery whether by operation of this Agreement, the Distribution Agreement or any other agreement entered into in connection with the Separation. 

Section 5.21 Mutual Drafting. The Parties have participated jointly in the negotiation and drafting of this Agreement. This Agreement shall be
construed without regard to any presumption or rule requiring construction or interpretation against the Party drafting or causing any instrument to be drafted. 

* * * * * 

  
 25 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives. 
  

													
	DOVER CORPORATION	 	KNOWLES CORPORATION.
					
	By:	 	 /s/  Ivonne M. Cabrera
	 		 	By:	 	 /s/  Joseph W. Schmidt

		 	Name:	 	Ivonne M. Cabrera	 		 		 	Name:	 	Joseph W. Schmidt
		 	Title:	 	 Senior Vice President, General
 Counsel &
Secretary
	 		 		 	Title:	 	 Senior Vice President,
 General Counsel
& Secretary

 [Signature Page to Tax Matters Agreement]Transition Services Agreement

 Exhibit 10.3 

TRANSITION SERVICES AGREEMENT 

This Transition Services Agreement (this “Services Agreement”) is made as of this 28th day of February, 2014 by and between
(i) Dover Corporation, a Delaware corporation (“Dover”), and (ii) Knowles Corporation, a Delaware corporation (“Knowles”). Each of Dover and Knowles is sometimes referred to herein as a
“Party” and collectively, as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Article 1. 

W I T N E S S E T H: 

WHEREAS, the board of directors of Dover has determined that it would be in the best interests of Dover and its stockholders to separate the
Knowles Business from Dover; 
 WHEREAS, Dover and Knowles have entered into a Separation and Distribution Agreement dated as of the date
hereof (as amended, supplemented or modified from time to time, the “Separation Agreement”) which sets forth, among other things, the terms of the separation of the Dover Business and the Knowles Business (such transactions, as may
be amended or modified from time to time, the “Separation”) and the distribution of Knowles Common Stock to stockholders of Dover; 

WHEREAS, the Separation Agreement also provides for the execution and delivery of certain other Ancillary Agreements, including this Services
Agreement, in order to facilitate and provide for the separation of Knowles and its Subsidiaries from Dover; and 
 WHEREAS, Dover and
Knowles have each determined that it is desirable to enter into this Services Agreement pursuant to which each Party has agreed to provide or cause to be provided to the other Party and its Subsidiaries, as applicable, certain transitional,
administrative and support services on the terms set forth in this Services Agreement and the Schedules hereto. 
 NOW, THEREFORE, in
consideration of the premises and the representations, warranties, covenants and agreements herein contained, and intending to be legally bound, the Parties hereby agree as follows: 

ARTICLE 1 
 DEFINITIONS AND
INTERPRETATION 
 1.1 General. As used in this Services Agreement, the following capitalized terms shall have the following
meanings: 
 (a) “Affiliate” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(b) “Ancillary Agreements” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

 (c) “Business Day” shall have the meaning set forth in Section 1.1 of the
Separation Agreement. 
 (d) “Confidential Information” shall have the meaning set forth in Section 8.1. 

(e) “Contract” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(f) “Disbursement” shall have the meaning set forth in Section 5.7. 

(g) “Dover” shall have the meaning set forth in the preamble to this Services Agreement. 

(h) “Dover Business” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(i) “Dover Entities” means, collectively, Dover and its Affiliates that are listed as Providers on Schedule A or Recipients
on Schedule B. 
 (j) “Dover Group” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(k) “Dover Provided Services” shall have the meaning set forth in Section 2.1. 

(l) “Effective Time” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(m) “Force Majeure” shall have the meaning set forth in Section 6.1. 

(n) “Governmental Entity” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(o) “Group” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(p) “Indemnifiable Loss” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(q) “Independent Accountants” shall have the meaning set forth in Section 3.6(d). 

(r) “Initial Term” shall have the meaning set forth in Section 4.1. 

(s) “Knowles” shall have the meaning set forth in the preamble to this Services Agreement. 

  
 2 

 (t) “Knowles Business” shall have the meaning set forth in Section 1.1 of
the Separation Agreement. 
 (u) “Knowles Common Stock” shall have the meaning set forth in the recitals to the Separation
Agreement. 
 (v) “Knowles Entities” means, collectively, Knowles and its Affiliates that are listed as Recipients on
Schedule A or as Providers on Schedule B. 
 (w) “Knowles Group” shall have the meaning set forth in Section 1.1 of
the Separation Agreement. 
 (x) “Knowles Provided Services” shall have the meaning set forth in Section 2.2. 

(y) “Law” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(z) “Liabilities” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(aa) “New York Courts” shall have the meaning set forth in Section 9.12. 

(bb) “Other Party” shall have the meaning set forth in Section 5.7. 

(cc) “Party” shall have the meaning set forth in the preamble to this Services Agreement. 

(dd) “Paying Party” shall have the meaning set forth in Section 5.7. 

(ee) “Person” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(ff) “Provider” shall mean the Person identified on Schedule A or B to this Services Agreement providing the services set
forth therein. 
 (gg) “Receiving Party” shall have the meaning set forth in Section 5.7. 

(hh) “Receipt” shall have the meaning set forth in Section 5.7. 

(ii) “Recipient” shall mean the Person identified on Schedule A or B to this Services Agreement receiving the services set
forth therein. 
 (jj) “Renewal Term” shall have the meaning set forth in Section 4.1. 

(kk) “Responsible Party” shall have the meaning set forth in Section 5.7. 

  
 3 

 (ll) “Separation” shall have the meaning set forth in the recitals to this
Services Agreement. 
 (mm) “Separation Agreement” shall have the meaning set forth in the recitals to this Services
Agreement. 
 (nn) “Subsidiary” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(oo) “Tax” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

(pp) “Term” shall mean the Initial Term and the Renewal Term, if any, or, with respect to a particular service provided for
hereunder, such shorter period as may be applicable pursuant to the terms of this Services Agreement or the exercise of a Party's right of early termination as provided for herein. 

(qq) “Third Party” shall have the meaning set forth in Section 1.1 of the Separation Agreement. 

1.2 References; Interpretation. References in this Services Agreement to any gender include references to all genders, and references
to the singular include references to the plural and vice versa. Unless the context otherwise requires: 
 (a) the words
“include”, “includes” and “including” when used in this Services Agreement shall be deemed to be followed by the phrase “without limitation”; 

(b) references in this Services Agreement to Articles, Sections and Schedules shall be deemed references to Articles and Sections of, and
Schedules to, this Services Agreement; 
 (c) the words “hereof”, “hereby” and “herein” and words of similar
meaning when used in this Services Agreement refer to this Services Agreement in its entirety and not to any particular Article, Section or provision of this Services Agreement; and 

(d) references in this Services Agreement to any time shall be to New York City, New York time unless otherwise expressly provided herein.

 ARTICLE 2 
 SERVICES
PROVIDED 
 2.1 Dover Provided Services. Subject to the terms and conditions of this Services Agreement, the Dover Entities agree
to provide, or cause to be provided, to Knowles, the members of the Knowles Group and the Knowles Business, as designated by Knowles, the services described in Schedule A to this Services Agreement (the “Dover Provided Services”).

  
 4 

 2.2 Knowles Provided Services. Subject to the terms and conditions of this Services
Agreement, the Knowles Entities agree to provide, or cause to be provided, to Dover, the members of the Dover Group and the Dover Business, as designated by Dover, the services described in Schedule B to this Services Agreement (the “Knowles
Provided Services”). 
 2.3 Other Services. If, after the execution of this Services Agreement and prior to the date that is
two months from the date hereof, the Parties determine that a service provided by or to the Knowles Business as conducted by Knowles or its Subsidiaries prior to the Separation was inadvertently omitted from the Schedules to this Services Agreement,
then the Parties shall negotiate in good faith to agree to the terms and conditions upon which such services would be added to this Services Agreement, it being agreed that the charges for such services should be determined on a basis consistent
with the methodology for determining the initial prices provided for herein (i.e., sufficient to cover a Provider’s reasonable estimate of its actual costs and, if applicable, consistent with the prices such Provider would charge to an
Affiliate), in each case without taking into account any profit margin or projected savings from increased efficiency; provided, however, no Party shall be required to provide any additional services pursuant to this Section 2.3 if (x) it
does not, in its reasonable judgment, have adequate resources to provide such service, (y) the provision of such additional service would significantly disrupt the operation of its business or (z) the Parties are unable to reach agreement
on the terms and conditions applicable to such additional services. If the Parties agree on the fees and other specific terms and conditions applicable to such services, the Parties shall execute an amendment to this Services Agreement that provides
for the substitution of the relevant Schedule, or additions or supplements to the relevant Schedule, in order to describe such service and the agreement upon the related fees and other specific terms and conditions applicable thereto. 

ARTICLE 3 
 COMPENSATION

 3.1 Compensation for Dover Provided Services. Subject to Section 3.5, the compensation for the Dover Provided Services for
the duration of the Term shall be as described for each individual service provided to the Knowles Business as set forth on Schedule A. 

3.2 Compensation for Knowles Provided Services. Subject to Section 3.5, the compensation for the Knowles Provided Services for the
duration of the Term shall be as described for each individual service provided by the Knowles Business as set forth on Schedule B. 
 3.3
Allocation of Certain Expenses. 
 (a) In addition to the payment of all compensation provided under Section 3.1 or
Section 3.2, as applicable, each Recipient shall reimburse the applicable Provider for all reasonable out-of-pocket costs and expenses directly or indirectly incurred by such Provider or its Affiliates in connection with providing the
applicable services hereunder (including all travel-related expenses) to the extent that such costs and expenses are not reflected in the compensation for such services on Schedule A or Schedule B, as applicable; provided, however, any
such expenses expected to exceed $1,000 per month (other than routine business 

  
 5 

 
travel and related expenses) shall require advance approval of Recipient. Any travel-related expenses incurred by a Provider in performing the applicable services hereunder shall be incurred and
charged to the applicable Recipient in accordance with such Provider’s then applicable business travel policies. 
 (b) In the event
that a Recipient terminates any individual service as contemplated by Section 4.2 earlier than the expiration of the Initial Term or the Renewal Term, if applicable, such Recipient shall reimburse the applicable Provider for any and all
out-of-pocket costs and expenses directly or indirectly incurred by such Provider or any of its Affiliates as a result of such early termination by such Recipient, including early termination fees and other costs incurred in order to terminate or
reduce the level of services provided by Third Parties under Contracts with a Provider or any of its Affiliates, which services are affected by such early termination, such reimbursement to be due and payable within five Business Days following such
Recipient’s receipt of any invoice from such Provider with respect to such costs and expenses. 
 3.4 Taxes. 

(a) In addition to the compensation payable to each Provider determined exclusive of the Taxes payable by each Recipient under this
Section 3.4, each Recipient will pay and be liable for all sales, service, value added, lease, use, transfer, consumption or similar Taxes levied and measured by: (i) the cost of services provided to such Recipient under this Services
Agreement or (ii) each Provider’s cost in acquiring property or services used or consumed by any such Provider in providing services under this Services Agreement (the “Sales and Service Taxes”). Such Taxes will be payable
by the applicable Recipient to the applicable Provider in accordance with this Section 3.4 or as otherwise mutually agreed in writing by the Parties and under the terms of the applicable Law which govern the relevant Sales and Service Tax. Each
Recipient’s obligation to pay Sales and Service Taxes under this Section 3.4 shall be subject to the receipt of (i) a computation of the Sales and Service Taxes payable under this Section 3.4 identifying the nature and amount of
the goods or services on which the Sales and Service Tax is assessed and the applicable rate and (ii) a valid and customary invoice (or other document) under the terms of applicable Law for each Sales and Service Tax. If a Recipient complies
with the terms of this Section 3.4 regarding the payment of Sales and Service Taxes, it shall not be liable for any interest, penalties or other charges attributable to the applicable Provider’s improper filing relating to Sales and
Service Taxes or late payment or failure to remit Sales and Service Taxes to the relevant taxing authority. 
 (b) The Parties acknowledge
that each Provider and each Recipient shall pay and be responsible for their own personal property Taxes and Taxes based on their own income or profits or assets. 

(c) Payments for services or other amounts under this Services Agreement shall be made net of withholding Taxes, provided
however, that if a Provider reasonably believes that a reduced rate of withholding applies or such Provider is exempt from withholding, the applicable Recipient shall only be required to apply such reduced rate of withholding or not withhold
if such Provider provides such Recipient with evidence reasonably satisfactory to such Recipient that a reduced rate of or no withholding is required, including 

  
 6 

 
rulings or certificates from, or other correspondence with taxing authorities and tax opinions rendered by qualified persons, to the extent reasonably requested by such Recipient. Each Recipient
shall promptly remit any amounts withheld to the appropriate taxing authority and in the event that such Recipient receives a refund of any amounts previously withheld from payments to a Provider and remitted, such Recipient shall surrender such
refund to such Provider. 
 (d) Each Provider and each Recipient shall promptly notify the other of any deficiency claim or similar notice
by a taxing authority with respect to Sales and Service Taxes payable under this Service Agreement, and of any pending tax audit or other proceeding relating to Sales and Service Taxes or withholding with respect to this Service Agreement, and shall
afford such party all reasonable opportunity to participate in any such audit or proceeding affecting its interests. 
 3.5 Price
Adjustments. 
 (a) The Parties shall review the respective costs of each Provider providing services hereunder as of the date that is
two months from the date hereof (and thereafter upon the written request of a Provider (which may not be given more than once in any 30-day period)). If it is determined in connection with any such review that a Provider's cost of providing services
hereunder (taken individually) exceeds by at least ten percent (10%) the charge for such service(s) because of a significant increase in usage by a Recipient or other circumstances beyond the reasonable control of such Provider (including
events of Force Majeure), then, upon request of such Provider, such Provider and its Recipient shall negotiate in good faith to determine an appropriate adjustment to the then-current prices for such services on a basis consistent with the
methodology for determining the initial prices provided for herein (as described in Section 2.3). 
 (b) If the Parties determine
(which determination shall be made in good faith) that the initial prices set forth on the Schedules hereto are not consistent with the methodology for determining the initial prices as described in Section 3.5(a), then the Parties shall
negotiate in good faith to adjust such charges in a manner that is consistent with such methodology. 
 (c) Notwithstanding
Section 3.5(a), if a service is being provided by a Provider to a Recipient hereunder through a Third Party as contemplated by Section 5.4 and such Third Party increases the costs of such service, then such increased costs (and any
corresponding adjustments to Taxes payable or to be withheld in accordance with Section 3.4) shall be immediately passed along to such Recipient and reflected in a supplement to Schedule A or Schedule B, as applicable. 

3.6 Terms of Payment; Dispute Resolution; Audits. 

(a) Each Provider shall invoice its respective Recipient for the services provided under Section 3.1 or Section 3.2, as applicable,
monthly in advance on the first calendar day of each month of the term following the date hereof (or the first Business Day following each such date). Each Provider shall also provide invoices to its respective Recipient monthly in arrears for
amounts, such as Sales and Service Taxes and out-of-pocket or other expenses, that 

  
 7 

 
are payable in addition to the fee for the service that was paid in advance pursuant to the first sentence of this Section 3.6(a). Recipient shall pay Provider (or its designee) within 30
days after receipt of any of the foregoing invoices. No Recipient shall withhold any payments to its Provider under this Services Agreement and such payments shall be made without any other set-off or deduction, notwithstanding any dispute that may
be pending between them, whether under this Services Agreement or otherwise (any required adjustment being made on subsequent invoices). Subject to the provisions of Section 3.6(c), amounts not paid on or before the date required to be paid
hereunder shall accrue interest at a rate equal to 0.5% per month (or the maximum legal rate, whichever is lower), calculated for the actual number of days elapsed, accrued from the date such payment was due hereunder until the date of the
actual receipt of payment. 
 (b) All amounts due for services rendered pursuant to this Services Agreement shall be billed and paid in the
currency in which the rate for such service is quoted, as stated herein or as shown on the Schedules hereto. 
 (c) If there is a dispute
between any Recipient and any Provider regarding the amounts shown as billed to such Recipient on any invoice, such Provider shall furnish to such Recipient reasonable documentation to substantiate the amounts billed including listings of the dates,
times and amounts of the services in question where applicable and practicable. Upon delivery of such documentation, such Recipient and such Provider shall cooperate and use their commercially reasonable efforts to resolve such dispute among
themselves. If such disputing parties are unable to resolve their dispute within thirty (30) calendar days of the delivery of such documentation, and such Recipient believes in good faith and with a reasonable basis that the amounts shown as
billed to such Recipient are inaccurate or are otherwise not in accordance with the terms of this Services Agreement, then such Recipient shall have the right, at its own expense, to have any disputed invoice(s) audited as provided in
Section 3.6(d). 
 (d) Any audit pursuant to Section 3.6(c) shall be limited solely to the purpose of verifying the amounts in
dispute and shall be made by an independent certified public accounting firm selected and paid for by the Recipient initiating such audit and reasonably satisfactory to the Provider being audited (such accounting firm, the “Independent
Accountants”). Any such audit shall be reasonably conducted by the Independent Accountants during the normal business hours of the Provider being audited. Such Provider shall reasonably cooperate with the Independent Accountants and shall
make available to the Independent Accountants all applicable cost and other data as may be reasonably necessary for the sole purpose of verifying the amounts in dispute. The Independent Accountants shall not disclose any of the underlying data and
information to said Recipient or to any other Person (except as may be required by Law) and, prior to any such audit the Independent Accountants shall, if requested by the Provider being audited, enter into a confidentiality agreement reasonably
acceptable to such Provider. The determination of the Independent Accountants shall be final and binding on the Parties. 

  
 8 

 ARTICLE 4 

TERM AND TERMINATION 
 4.1
Term. Except as expressly provided otherwise in this Services Agreement, or with respect to specific services as indicated on the Schedules hereto, the term of this Services Agreement shall be for an initial period of six months commencing at
12:01 a.m. on the date immediately following the date hereof and ending on the date that is six months from the date hereof (the “Initial Term”). Effective between the respective Provider and Recipient, the Initial Term may be
extended for an additional period of six months, or such other period set forth on Schedule A or Schedule B (the “Renewal Term”) at the request of a Recipient by written notice from such Recipient to its Provider, with copies to
Dover and Knowles; any such notice shall be made not less than two months prior to the end of the Initial Term. The obligation of any Recipient to make a payment for services previously rendered shall not be affected by the expiration of the Initial
Term or Renewal Term and shall continue until full payment is made. 
 4.2 Termination of Individual Services. Effective between the
respective Provider and Recipient, a Recipient may terminate at any time during the Initial Term or Renewal Term any individual service provided under this Services Agreement on a service-by-service basis (and/or location-by-location basis where
individual service is provided to multiple locations of a Recipient) upon written notice to such Provider identifying the particular service (or location) to be terminated and the effective date of termination, which date shall not be less than 30
days' after receipt of such notice unless such Provider otherwise agrees. The termination of any individual services pursuant to this Section 4.2 shall not affect this Services Agreement with respect to the services not terminated under this
Section 4.2. In addition, effective between the respective Provider and Recipient, a Provider may terminate at any time during the Initial Term or Renewal Term any individual service provided under this Services Agreement upon written notice to
its respective Recipient identifying the particular service to be terminated and the effective date of termination if the employee that was providing the applicable service is no longer employed by such Provider (and there is no other employee
employed by such Provider at the time that could reasonably provide such service). 
 4.3 Termination of Agreement. This Services
Agreement shall terminate on the earliest to occur of (a) the latest date on which any service is to be provided as indicated on Schedule A and Schedule B, (b) the date on which the provision of all services has terminated pursuant to
Section 4.2 and (c) the date on which this Services Agreement is terminated in its entirety pursuant to Section 4.4. 
 4.4
Breach of Agreement. If either Party (or member of its respective Group) shall materially breach any of its obligations under this Services Agreement, including any failure to perform any services or to make payments when due, and such breach
is not cured within 30 days after the breaching Party receives written notice thereof from the non-breaching Party, the non-breaching Party may (i) terminate this entire Services Agreement, including the provision of all services pursuant
hereto, immediately by providing written notice of termination or (ii) terminate the individual services that are subject to such material breach, immediately by providing notice of such selective termination and identifying the particular
services to be so terminated. If the non-breaching party decides to terminate individual services in accordance 

  
 9 

 
with this Section 4.4 (rather than the entire Services Agreement), such termination of such individual services pursuant to this Section 4.4 shall not affect this Services Agreement
with respect to the services not terminated under this Section 4.4. The failure of a Party to exercise its rights hereunder with respect to a breach by the other Party shall not be construed as a waiver of such rights nor prevent such Party
from subsequently asserting such rights with regard to the same or similar defaults. 
 4.5 Effect of Termination. In the event of
(a) a termination or expiration of this Services Agreement in its entirety, each Provider shall be entitled to all outstanding amounts due from the applicable Recipient for the provision of services rendered through the date of termination or
otherwise payable hereunder or (b) a partial termination of this Services Agreement with respect to individual services in accordance with Section 4.2 or clause (ii) of Section 4.4, the Provider(s) that were providing the
services that are so terminated shall be entitled to all outstanding amounts due from the relevant Recipient(s) of such terminated services for the provision of such services rendered through the date of the termination of such individual service.
This Section 4.5, Section 5.6, Article 7, Article 8 and Article 9 shall survive any termination or expiration of this Services Agreement. 

ARTICLE 5 
 CERTAIN
COVENANTS 
 5.1 Standard of Services. 

(a) Each Provider shall perform the services that it is required to provide to its respective Recipient(s) under this Services Agreement in
substantially the same nature, quality, standard of care and service levels at which the same or similar services were performed by or on behalf of such Provider prior to the Distribution Date. Subject to the foregoing, the Parties acknowledge and
agree that each Provider (and each member of its Group) makes no representations or warranties (including warranties of merchantability or fitness for a particular purpose) or guarantees of any kind, express or implied, with respect to any services
provided hereunder and that the services to be provided hereunder are furnished “as is,” where is, with all faults. 
 (b) Nothing
in this Services Agreement shall require a Provider to perform or cause to be performed any service to the extent the manner of such performance would constitute a violation of applicable Laws, any code of conduct applicable to such Provider or any
existing Contract with a Third Party. If a Provider is or becomes aware of any such restriction on such Provider, such Provider shall promptly send a notice to its respective Recipient of any such restriction. The Parties each agree to cooperate and
use commercially reasonable efforts to obtain any necessary Third Party consents required under any existing Contract with a Third Party to allow each Provider to perform or cause to be performed any service in accordance with the standards set
forth in this Section 5.1. Any costs and expenses incurred by any Party or any of its Subsidiaries in connection with obtaining any such Third Party consent that is required to allow a Provider to perform or cause to be performed any service
shall be the responsibility of the respective Recipient. If, with respect to a service, the Parties, despite the use of such commercially reasonable efforts, are unable to obtain a required 

  
 10 

 
Third Party consent or the performance of such service by a Provider would continue to constitute a violation of applicable Laws or any code of conduct applicable to such Provider, such Provider
shall use commercially reasonable efforts in good faith to provide such services in a manner as closely as possible to the standards described in this Section 5.1 that would apply absent the exception set forth in the first sentence of this
Section 5.1(b). 
 5.2 Transition From Services. It is the express intent of the Parties and the members of their respective
Groups that, notwithstanding the terms or schedules for performance of services hereunder, the performance of services are expected to be terminated as soon as possible. Consequently, unless the Parties mutually agree otherwise, each Recipient
agrees to use commercially reasonable efforts to reduce or eliminate its dependency on each service provided by each Provider as soon as reasonably practicable. The Parties will cooperate (acting in good faith and using reasonable commercial
efforts) to effect a smooth and orderly transition of the services provided hereunder from the Providers to the respective Recipients. 

5.3 Points of Contact. Each Provider and its respective Recipient has named a point of contact as set forth on Schedules A and B. Such
points of contact shall be responsible for the implementation of this Services Agreement between the respective Provider and its Recipient, including resolution of any issues which may arise during the performance hereunder on a day to-day basis.

 5.4 Personnel. Each Provider, in providing the services, as it deems necessary or appropriate in its sole discretion, may
(a) use the personnel of such Provider or its Affiliates (it being understood that such personnel can perform the services on behalf of such Provider on a full-time or part-time basis, as determined by such Provider or its Affiliates) and
(b) employ the services of Third Parties to the extent such third party services are routinely utilized to provide similar services to other businesses of such Provider or are reasonably necessary for the efficient performance of any such
services. In performing the services, employees and representatives of a Provider shall be under the direction, control and supervision of such Provider (and not its respective Recipient) and such Provider shall have the sole right to exercise all
authority with respect to the employment (including termination of employment), assignment and compensation of such employees and representatives (it being understood that no Recipient has any right hereunder to require that any Provider perform the
services hereunder with specifically identified employees and that the assignment of employees to perform such services shall be determined in the sole discretion of the applicable Provider). In addition, no Provider shall be required to provide any
service to the extent the provision of such service requires such Provider to hire any additional employees or maintain the employment of any specific employee. 

5.5 Further Assurances. From time to time after the date hereof, without further consideration, each Party shall use commercially
reasonable efforts to take, or cause to be taken, all appropriate action, do or cause to be done all things reasonably necessary, proper or advisable under applicable Laws, and execute and deliver such documents as may be required or appropriate to
carry out the provisions of this Services Agreement and to consummate, perform and make effective the transactions contemplated hereby. 

  
 11 

 5.6 Title to Intellectual Property. Except as expressly provided for under the terms of
this Services Agreement, each Recipient acknowledges that it shall acquire no right, title or interest (including any license rights or rights of use) in any intellectual property which is owned or licensed by any Provider or any of their respective
Affiliates or any Third Party, if applicable, by reason of the provision of the services provided hereunder. Each Recipient agrees not to remove or alter any copyright, trademark, confidentiality or other proprietary notices that appear on any
intellectual property owned or licensed by any Provider or any of their respective Affiliates or any Third Party, if applicable, and each Recipient agrees not to reproduce any such notices on any and all copies thereof. Each Recipient agrees not to
attempt to decompile, translate, reverse engineer or make excessive copies of any intellectual property owned or licensed by any Provider or their respective Affiliates or any Third Party, if applicable, and a Recipient shall promptly notify its
respective Provider of any such attempt, regardless of whether by such Recipient or any Third Party, of which such Recipient becomes aware. 

5.7 Certain Disbursements/Receipts. The Parties hereto contemplate that, from time to time on or after the Effective Time, a member of
a Party's Group (any such member, the “Paying Party”), as a convenience to a member of the other Party's Group (the “Responsible Party”), in connection with the transactions contemplated by this Services Agreement,
may make certain payments that are properly the responsibility of the Responsible Party (any such payment made, a “Disbursement”). Similarly, from time to time on or after the Effective Time, a member of a Party’s Group (any
such member, the “Receiving Party”) may receive from Third Parties certain payments to which a member of the other Party’s Group is entitled (the “Other Party”, and any such payment received, a
“Receipt”). Accordingly, with respect to Disbursements and Receipts (each of which shall be subject to Section 3.4), the Parties hereto agree as follows. 

(a) Disbursements. 
 (i)
A Paying Party may request reimbursement for Disbursements made by check within seven (7) business days after notice of such Disbursement has been given to the Responsible Party in writing and with mutually acceptable supporting documentation.

 (ii) In case of a Disbursement by wire, if notice in writing and with mutually acceptable supporting documentation has been given by 2
p.m. of the Responsible Party's local time at least one Business Day prior to the payment of such Disbursement, the Responsible Party shall reimburse the Paying Party for the amount of such payment (in the local currency equivalent paid by the
Paying Party) on the date the Disbursement is made by the Paying Party. If notice as provided above has not been given prior to the payment of such Disbursement, the Responsible Party shall reimburse the Paying Party for the amount of such payment
(in the local currency equivalent paid by the Paying Party) within three Business Days after receipt by the Responsible Party of such notice from the Paying Party. 

(b) Receipts. A Receiving Party shall remit Receipts to the Other Party (in the same currency as such payment is received) within three
Business Days of receipt thereof. 
 (c) Certain Exceptions. Notwithstanding anything to the contrary set forth above, if, with
respect to any particular transaction(s), it is impossible or impracticable 

  
 12 

 
under the circumstances to comply with the procedures set forth in subsections (a) and (b) of this Section 5.7 (including the time periods specified therein), the Parties will
cooperate to find a mutually agreeable alternative that will achieve substantially similar economic results from the point of view of the Paying Party or the Other Party, as the case may be; provided, however, that if a Receiving Party cannot comply
with the procedures set forth in subsection (b) of this Section 5.7 because it does not become aware of a Receipt on behalf of the Other Party in time, such Receiving Party shall remit such Receipt (without interest thereon) to the Other
Party within 24 hours after it becomes aware of such Receipt. 
 ARTICLE 6 

FORCE MAJEURE 
 6.1
Force Majeure. No Provider (or any Person acting on its behalf) shall bear any responsibility or Liability for any losses arising out of any delay, hindrance, frustration, inability to perform or interruption of its performance of obligations
under this Services Agreement due to any acts or omissions of its respective Recipient or for events beyond its reasonable control (hereinafter referred to as “Force Majeure”) including acts of God, act of Governmental Entity, act
of the public enemy or due to war, riot, flood, civil commotion, insurrection, labor difficulty, severe or adverse weather conditions, lack of or shortage of electrical power, malfunctions of equipment or software programs or any other cause beyond
the reasonable control of the Party (or member of its Group or Third Party acting on its behalf) whose performance is affected by the Force Majeure event. In such event, the obligations hereunder of such Provider in providing such service, and the
obligations of its respective Recipient to pay for any such service, shall be postponed for such time as its performance is suspended or delayed on account thereof. If a Force Majeure event occurs that has an effect on the ability of a Provider to
perform its obligations under this Services Agreement, then such Provider shall give prompt written notice to its respective Recipient identifying the nature of the Force Majeure event and the manner in which services will be affected. 

ARTICLE 7 
 INDEMNITY 

7.1 Indemnity. 
 (a) The
liability of any Provider and its Affiliates and their respective officers, employees, directors, agents and other representatives with respect to this Services Agreement or in connection with the performance, delivery or provision of any service
provided under this Services Agreement, whether in contract, tort (including negligence or strict liability) or otherwise, shall be limited to the Indemnifiable Losses of the applicable Recipient arising from such Provider’s willful misconduct
or gross negligence; provided that in no event shall the liability exceed the fees previously paid to such Provider by such Recipient in respect of the service from which such liability flows, or to the extent the liability arises out of a Provider
breaching this Services Agreement by not providing the services (or level of services) required hereunder, then the liability shall not exceed the higher of the fees previously paid to such Provider by such Recipient in respect of the service from
which such liability flows or the amount that such Provider would have been paid by such Recipient for such services for the agreed-upon term of such services (not to exceed six months from the date hereof). 

  
 13 

 (b) Each Recipient hereby agrees to indemnify its respective Provider and Affiliates thereof and
their respective representatives from any and all Indemnifiable Losses resulting from a demand, claim, lawsuit, action or proceeding relating to such Provider's conduct in connection with the provision of services to such Recipient under this
Services Agreement, except to the extent such Indemnifiable Losses arise out of the willful misconduct or gross negligence of such Provider or any of its representatives. Subject to the limitations in Section 7.1(a), each Provider hereby agrees
to indemnify its respective Recipient and Affiliates thereof from any and all Indemnifiable Losses resulting from a demand, claim, lawsuit, action or proceeding relating to such Provider's willful misconduct or gross negligence in connection with
the provision of services to such Recipient under this Services Agreement. The Persons entitled to indemnification pursuant to the foregoing shall be third party beneficiaries of the rights to indemnification described in this Section 7.1(b).

 (c) Notwithstanding anything to the contrary contained in this Services Agreement, no Party, Provider, Recipient or any of their
respective Affiliates or representatives shall be liable for any special, indirect, incidental, exemplary, punitive or consequential damages (including loss of profits or revenue, loss of business, interruption of business or otherwise) with respect
to its performance or nonperformance hereunder, or the provision of or failure to provide any service hereunder, whether such damages or other relief are sought based on breach of contract, negligence, strict liability or any other legal or
equitable relief. 
 (d) EACH PARTY, IN ITS CAPACITY AS A RECIPIENT, ACKNOWLEDGES (ON BEHALF OF ITSELF AND THE RECIPIENTS THAT ARE MEMBERS
OF ITS GROUP) THAT (I) THE PROVIDERS ARE NOT COMMERCIAL PROVIDERS OF THE SERVICES PROVIDED HEREIN AND ARE PROVIDING THE SERVICES AS AN ACCOMMODATION AND AT A COST TO THE APPLICABLE RECIPIENT IN CONNECTION WITH THE SEPARATION AND (II) THIS
SERVICES AGREEMENT IS NOT INTENDED BY THE PARTIES TO HAVE ANY APPLICABLE PROVIDER MANAGE AND OPERATE THE KNOWLES BUSINESS OR DOVER BUSINESS, AS APPLICABLE, IN LIEU OF THE APPLICABLE RECIPIENT. THE PARTIES AGREE THAT THE FOREGOING SHALL BE TAKEN INTO
CONSIDERATION IN ANY CLAIM MADE UNDER THIS SERVICES AGREEMENT. 
 ARTICLE 8 

CONFIDENTIALITY 
 8.1 With
respect to any information disclosed by (or on behalf of) one Party (or any member of its Group) to another Party (or member of its Group) for the purpose of this Services Agreement or otherwise accessible to such other Party (or members of its
Group) during the performance hereunder (“Confidential Information”), the Party who (or whose Group) receives such information agrees that it will use, and will cause the members of its Group to use, the same skill and care as set
forth in Section 5.1 to prevent the disclosure or accessibility to others of the disclosing Party's Confidential Information and will use such Confidential 

  
 14 

 
Information only for the purpose of this Services Agreement. The Party that receives (or whose Group receives) such Confidential Information shall (and shall cause the members of its Group to)
limit dissemination of and access to the other's Confidential Information to only such of its employees or agents (including, in the case of any Provider, any Third Party engaged to provide the services hereunder) or consultants who have a need to
know for the purpose of this Services Agreement; provided, however, that any such agents or consultants that receive such Confidential Information shall agree to keep such information confidential in accordance with the terms of this
Services Agreement and in any event each Party shall be responsible for any breaches of this Article 8 by any of its agents or consultants that receive or have access to the other Party’s Confidential Information. In addition to the foregoing,
to the extent, in connection with the performance of services hereunder, a Provider or its Affiliates has access to, or possession of, personally identifiable individual information of current or former employees of Recipient or any of its
Affiliates, such Provider shall hold, protect and use, in strict confidence such personally identifiable information in accordance with applicable Laws relating to privacy, data protection and similar Laws. 

8.2 Specifically excluded from the foregoing obligation is any and all information that: 

(a) is independently developed by or on behalf of the receiving Party without breach of this Services Agreement; 

(b) is already in the public domain at the time of disclosure, or thereafter becomes publicly known other than as the result of a breach by
the receiving Party of its obligations under this Services Agreement; 
 (c) is rightfully received from a Third Party without breach of
this Services Agreement; 
 (d) is furnished by the disclosing Party to a Third Party without a similar restriction on its rights; or 

(e) upon advice of counsel, must be produced by the receiving Party as a matter of Law; provided, however, that in such case the
receiving Party shall promptly notify the disclosing Party and, insofar as is permissible and reasonably practicable without placing the disclosing Party under penalty of law, give it an opportunity to appear and to object to such production before
producing the requested information. 
 ARTICLE 9 

MISCELLANEOUS 
 9.1
Complete Agreement; Construction. This Services Agreement, the Separation Agreement and the other Ancillary Agreements, and the exhibits, schedules and annexes hereto and thereto, shall constitute the entire agreement between the Parties with
respect to the subject matter hereof and thereof and shall supersede all previous negotiations, commitments and writings with respect to such subject matter. In the event of any conflict between the terms and conditions of the body of this Services
Agreement and the terms and conditions of any Schedule, the terms and conditions of such Schedule shall control. 

  
 15 

 9.2 Counterparts. This Services Agreement may be executed in more than one counterparts,
all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each Party and delivered to the other Party. Execution of this Services Agreement or any other documents
pursuant to this Services Agreement by facsimile or other electronic copy of a signature shall be deemed to be, and shall have the same effect as, an original signature. 

9.3 Survival of Agreements; Performance. Except as otherwise contemplated by this Services Agreement, all covenants and agreements of
the Parties contained in this Services Agreement shall survive the Effective Time and remain in full force and effect in accordance with their applicable terms. Each Party shall cause to be performed, and hereby guarantees the performance of, all
actions, agreements and obligations set forth herein to be performed by any Affiliate of such Party, and with respect to any services to be provided hereunder by a Provider through a Third Party, the applicable Provider shall use commercially
reasonable efforts to enforce any rights that such Provider has against such Third Party to the extent necessary to ensure that such Third Party performs such services in accordance with the terms of this Services Agreement. 

9.4 Notices. All notices, requests, claims, demands and other communications under this Services Agreement shall be in writing and shall
be given or made (and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day, in which case it shall be deemed to have been duly given or made on the next Business Day) by delivery in person, by
overnight courier service, by e-mail or facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested). For purposes of the giving
of notice, Recipients and Providers shall be notified at the addresses listed on the Schedules hereto and Dover and Knowles shall be notified at the addresses listed below (which a Party may change by giving notice to the other Party in accordance
with this Section 9.4): 
 If to Dover: 

Dover Corporation 

3005 Highland Parkway 

Downers Grove, Illinois 60515 

Attn: Ivonne M. Cabrera 

Facsimile: 630-743-2671 

E-Mail: imc@dovercorp.com 

  
 16 

 If to Knowles: 

Knowles Corporation 

1151 Maplewood Drive 

Itasca, Illinois 60143 

Attn: Thomas Jackson 

Facsimile: 630-250-1295 

E-Mail: Thomas.Jackson@knowles.com 

9.5 Waivers. No waiver by any Party of any provision of this Services Agreement shall be effective unless explicitly set forth in
writing and executed by the Party so waiving. The failure of any Party to require strict performance by any other Party of any provision in this Services Agreement (or the waiver of a breach of any provisions of this Services Agreement) will not
waive or diminish that Party's right to demand strict performance thereafter of that or any other provision hereof or otherwise operate or be construed as a waiver of any other subsequent breach. 

9.6 Amendments. This Services Agreement may not be modified or amended except by an agreement in writing signed by each of the Parties.

 9.7 Successors and Assigns. 

(a) The provisions of this Services Agreement and the obligations and rights hereunder shall be binding upon, inure to the benefit of and be
enforceable by (and against) the Parties and their respective successors and permitted transferees and assigns. Notwithstanding the foregoing, this Services Agreement shall not be assignable, in whole or in part, by any Party without the prior
written consent of the other Party, and any attempt to assign any rights or obligations arising under this Services Agreement without such consent shall be null and void; provided, however, that no consent shall be required in the case
of assignment by a Dover Entity to a direct or indirect Subsidiary of Dover or by a Knowles Entity to a direct or indirect Subsidiary of Knowles, in each case, for so long as they remain such; provided further that no such assignment
shall relieve any Party of any of its obligations hereunder. 
 (b) If any Provider or Recipient is not a party to this Services Agreement,
then, at the request of any Party hereto, the other Party shall cause such Provider or Recipient, as applicable, to become a party hereto by executing and delivering a counterpart hereof agreeing to be bound as a Provider or Recipient, as
applicable, hereunder. The failure of any Person that is receiving benefits or has obligations hereunder to execute a counterpart hereof shall not affect the enforceability of this Services Agreement against such Person or against any other Party
hereto. 
 9.8 Third Party Beneficiaries. Except with respect to the protections provided indemnitees under Article 7 hereof, this
Services Agreement is solely for the benefit of the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this
Services Agreement. 

  
 17 

 9.9 Title and Headings. Titles and headings to Sections and Articles are inserted for the
convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Services Agreement. 

9.10 Schedules. The Schedules attached hereto are incorporated herein by reference and shall be construed with and as an integral part
of this Services Agreement to the same extent as if the same had been set forth verbatim herein. 
 9.11 Governing Law. This Services
Agreement shall be governed by and construed in accordance with the internal Laws, and not the Laws governing conflicts of Laws (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), of the State of New York. 

9.12 Consent to Jurisdiction. Subject to the provisions of Article VIII of the Separation Agreement, each of the Parties irrevocably
submits to the exclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, and (b) the United States District Court for the Southern District of New York (the “New York Courts”), for the
purposes of any suit, action or other proceeding to compel arbitration or for provisional relief in aid of arbitration in accordance with Article VIII of the Separation Agreement or for provisional relief to prevent irreparable harm, and to the
non-exclusive jurisdiction of the New York Courts for the enforcement of any award issued thereunder. Each of the Parties further agrees that service of any process, summons, notice or document by United States registered mail to such Party's
respective address set forth in Section 9.4 shall be effective service of process for any action, suit or proceeding in the New York Courts with respect to any matters to which it has submitted to jurisdiction in this Section 9.12. Each of
the Parties irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Services Agreement or the transactions contemplated hereby in the New York Courts, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

9.13 Dispute Resolution; Continuation of Services Pending Outcome of Dispute. Except with respect to disputes covered by
Section 3.6(c), the resolution of any dispute between the Parties with respect to this Services Agreement shall be governed by the provisions of the Separation Agreement with respect to the resolution of disputes, including the provisions of
Article VIII of the Separation Agreement. Notwithstanding the existence of any dispute between the Parties, no Provider shall discontinue the supply of any service provided for herein, unless so provided in an arbitral determination that the
respective Recipient is in default of obligation under this Services Agreement. 
 9.14 Specific Performance. The Parties agree that
irreparable damage would occur in the event that the provisions of this Services Agreement were not performed in accordance with their specific terms. Accordingly, subject to Section 9.13 it is hereby agreed that the Parties shall be entitled
to (i) an injunction or injunctions to enforce specifically the terms and provisions hereof in any arbitration in accordance with Article VIII of the Separation Agreement, (ii) provisional or temporary injunctive relief in accordance
therewith in any New York Court, and (iii) enforcement of any such award of an arbitral tribunal or a New York Court in any court of the United States, or any other any court or tribunal sitting in any state of the United States or in any
foreign country that has jurisdiction, this being in addition to any other remedy or relief to which they may be entitled. 

  
 18 

 9.15 Severability. In the event any one or more of the provisions contained in this
Services Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby, and the Parties shall
endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

9.16 Construction. The Parties have participated jointly in the negotiation and drafting of this Services Agreement. This Services
Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

9.17 Authorization. Each of the Parties hereby represents and warrants that it has the power and authority to execute, deliver and
perform this Services Agreement, that this Services Agreement has been duly authorized by all necessary corporate action on the part of such Party, that this Services Agreement constitutes a legal, valid and binding obligation of each such Party
enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors' rights generally and general equity principles. 

9.18 Independent Contractors. The Parties each acknowledge that they are separate entities, each of which has entered into this
Services Agreement for independent business reasons. The relationships of the Parties hereunder (and the respective Providers and Recipients) are those of independent contractors and nothing contained herein shall be deemed to create a joint
venture, partnership or any other relationship. Employees performing services hereunder do so on behalf of, under the direction of, and as employees of, the Provider, and the Recipient shall have no right, power or authority to direct such
employees. 
 [SIGNATURE PAGES FOLLOW] 

  
 19 

 WITNESS WHEREOF, the duly authorized officers or representatives of the parties hereto have duly
executed this Services Agreement as of the date first written above. 
  

					
	DOVER CORPORATION
		
	By:	 	 /s/  Ivonne M. Cabrera

		 	Name:	 	Ivonne M. Cabrera
		 	Title:	 	 Senior Vice President, General Counsel
 &
Secretary

  

					
	KNOWLES CORPORATION
		
	By:	 	 /s/  Joseph W. Schmidt

		 	Name:	 	Joseph W. Schmidt
		 	Title:	 	 Senior Vice President,
 General Counsel
& Secretary

 [Signature Page to Transition Services Agreement]

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