Document:

Supplemental Retirement Income Program

 Exhibit 10.58 
 QUAKER CHEMICAL CORPORATION 
 SUPPLEMENTAL RETIREMENT INCOME PROGRAM 
 (As Amended and Restated Effective January 1, 2008) 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE I
	  	    PURPOSE AND APPLICATION	  	1
	 ARTICLE II
	  	    DEFINITIONS	  	1
	 §2.1
	  	“Accrued Benefit”	  	1
	 §2.2
	  	“Actuarial Equivalent”	  	1
	 §2.3
	  	“Average Annual Compensation”	  	1
	 §2.4
	  	“Beneficiary”	  	2
	 §2.5
	  	“Board”	  	2
	 §2.6
	  	“Change in Control”	  	2
	 §2.7
	  	“Code”	  	3
	 §2.8
	  	“Committee”	  	3
	 §2.9
	  	“Company”	  	3
	 §2.10
	  	“Compensation”	  	3
	 §2.11
	  	“Disability” or “Disabled”	  	3
	 §2.12
	  	“Domestic Partner”	  	3
	 §2.13
	  	“Early Retirement Date”	  	4
	 §2.14
	  	“Eligible Employee”	  	4
	 §2.15
	  	“ERISA”	  	4
	 §2.16
	  	“Normal Retirement Age”	  	4
	 §2.17
	  	“Offset Date”	  	4
	 §2.18
	  	“Participant”	  	4
	 §2.19
	  	“Payment Commencement Date”	  	5
	 §2.20
	  	“Pension Plan Benefit”	  	5
	 §2.21
	  	“Plan”	  	5
	 §2.22
	  	“Plan Year”	  	5
	 §2.23
	  	“Prior SRIP”	  	5
	 §2.24
	  	“Prior SRIP Formula”	  	5
	 §2.25
	  	“Quaker”	  	5
	 §2.26
	  	“Retirement Savings Plan Benefit”	  	5
	 §2.27
	  	“Separation from Service”	  	5
	 §2.28
	  	“Social Security Benefit”	  	5
	 §2.29
	  	“Specified Employee”	  	6
	 §2.30
	  	“Trust”	  	6
	 §2.31
	  	“Trust Agreement”	  	6
	 §2.32
	  	“Year of Participation”	  	6
	 §2.33
	  	“Year of Service”	  	6
	 ARTICLE III
	  	    PARTICIPATION	  	7
	 §3.1
	  	Commencement of Participation	  	7
	 §3.2
	  	Reemployment	  	7
	 ARTICLE IV
	  	    VESTING	  	7
	 §4.1
	  	Vesting	  	7
	 §4.2
	  	Forfeiture	  	7
	 ARTICLE V
	  	    BENEFITS	  	8
	 §5.1
	  	Accrued Benefit	  	8

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 §5.2
	  	Separation from Service On or After Age 62	  	9
	 §5.3
	  	Separation from Service Before Age 62	  	9
	 §5.4
	  	Small Benefits	  	9
	 §5.5
	  	Change in Control	  	9
	 §5.6
	  	Specified Employees	  	10
	 §5.7
	  	Failure to Satisfy Code §409A	  	10
	 §5.8
	  	Death Benefit	  	10
	 §5.9
	  	Disability	  	11
	 ARTICLE VI
	  	    FORM OF PAYMENT	  	11
	 §6.1
	  	Form of Benefit	  	11
	 §6.2
	  	Election Procedures Regarding Three-Year Installment Form	  	12
	 §6.3
	  	Election Procedures Regarding Annuities	  	12
	 ARTICLE VII
	  	    ADMINISTRATION	  	13
	 §7.1
	  	Committee	  	13
	 §7.2
	  	Claims and Appeals	  	13
	 ARTICLE VIII
	  	    SOURCES OF FUNDS	  	14
	 §8.1
	  	In General	  	14
	 §8.2
	  	Trust	  	15
	 ARTICLE IX
	  	    AMENDMENT AND TERMINATION	  	15
	 §9.1
	  	General Authority	  	15
	 §9.2
	  	Limitations	  	15
	 §9.3
	  	Distribution on Plan Termination	  	15
	 ARTICLE X
	  	    MISCELLANEOUS	  	15
	 §10.1
	  	Tax Withholding	  	15
	 §10.2
	  	Payment of Expenses	  	15
	 §10.3
	  	Indemnification for Liability	  	16
	 §10.4
	  	Nonalienation of Benefits	  	16
	 §10.5
	  	No Contract of Employment	  	16
	 §10.6
	  	Applicable Law	  	16
	 §10.7
	  	Successors	  	16
	 §10.8
	  	Headings	  	16
	 §10.9
	  	Gender and Number	  	16
	 §10.10
	  	Top-Hat Plan	  	16
	 §10.11
	  	Code §409A	  	17
	 §10.12
	  	Facility of Payment	  	17
	 APPENDIX A
	  		  	A-1

  

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 QUAKER CHEMICAL CORPORATION 
 SUPPLEMENTAL RETIREMENT INCOME PROGRAM 
 (As Amended and Restated Effective January 1, 2008) 

WHEREAS, Quaker Chemical Corporation (“Quaker”) maintains the Quaker Chemical Corporation Supplemental Retirement Income Program (the
“Plan”); and 
 WHEREAS, Quaker desires to amend the Plan to comply with final regulations issued under §409A of the Internal
Revenue Code of 1986, as amended; 
 NOW, THEREFORE, effective January 1, 2008, Quaker hereby amends and restates the Quaker Chemical
Corporation Supplemental Retirement Income Program to read as follows: 
 ARTICLE I 
 PURPOSE AND APPLICATION 
 This Plan is
maintained for the purpose of providing deferred compensation to certain key employees of the Company on a nonqualified basis to help ensure that the Company provides a competitive level of benefits in order to attract, retain, and motivate such
individuals. This Plan is to be unfunded and is maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, within the meaning of §201(2), §301(a)(3), and
§401(a)(1) of ERISA. 
 ARTICLE II 
 DEFINITIONS 
 The following words and phrases, as used herein, shall have the following meanings
unless otherwise expressly provided. 
 §2.1 “Accrued Benefit” means the amount determined under §5.1. 

§2.2 “Actuarial Equivalent” means a benefit of equivalent value to another benefit otherwise payable in a different form and/or
at a different time, computed on the basis of (a) the “applicable interest rate” within the meaning of Code §417(e)(3)(C) (or any successor thereto) for the October immediately preceding the Plan Year in which such determination
is made, and (b) the “applicable mortality table” within the meaning of Code §417(e)(3)(B) (or any successor thereto). 
 §2.3 “Average Annual Compensation” means the sum of an employee’s Compensation in each of the three calendar years (consecutive or nonconsecutive) during the last 10 calendar years in which he received
Compensation for which such sum is highest, divided by three. If an employee received Compensation for fewer than three full calendar years, then the average shall be calculated over the lesser number of full calendar years. 

 §2.4 “Beneficiary” means (a) the person or persons designated by the
Participant in a writing filed by the Participant with the Quaker human resources department in accordance with procedures established by the Committee, or (b) if the Participant fails to so designate a beneficiary or the designated beneficiary
predeceases the Participant, the Participant’s surviving spouse or Domestic Partner, or if the Participant has no surviving spouse or Domestic Partner, the Participant’s estate. 
 §2.5 “Board” means the Board of Directors of Quaker. 
 §2.6 “Change in Control” means the date on which any of the following events occur: 
 (a) Any person (a “Person”), as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than (i) Quaker and/or its wholly
owned subsidiaries; (ii) any “employee stock ownership plan” (as that term is defined in Code §4975(e)(7)) or other employee benefit plan of the Company and any trustee or other fiduciary in such capacity holding securities under
such plan; (iii) any corporation owned, directly or indirectly, by the shareholders of Quaker in substantially the same proportions as their ownership of stock of Quaker; or (iv) any other Person who, within the one year prior to the event
which would otherwise be a Change in Control, is an executive officer of Quaker or any group of Persons of which he or she voluntarily is a part), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of Quaker representing 30% or more of the combined voting power of Quaker’s then outstanding securities or such lesser percentage of voting power, but not less than 15%, as determined by the members of the
Board who are independent directors (as defined in the New York Stock Exchange, Inc. Listed Company Manual); provided, however, that a Change in Control shall not be deemed to have occurred under the provisions of this subsection (a) by reason
of the beneficial ownership of voting securities by members of the Benoliel Family (as defined below) unless and until the beneficial ownership of all members of the Benoliel Family (including any other individuals or entities who or which, together
with any member or members of the Benoliel Family, are deemed under Sections 13(d) or 14(d) of the Exchange Act to constitute a single Person) exceeds 50% of the combined voting power of the then outstanding securities; 
 (b) During any two-year period after the effective date of the amended and restated Plan, directors of Quaker in office at the beginning
of such period plus any new director (other than a director designated by a Person who has entered into an agreement with Quaker to effect a transaction within the purview of subsections (a) or (c)) whose election by the Board or whose
nomination for election by Quaker’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was
previously so approved, shall cease for any reason to constitute at least a majority of the Board; 
 (c) The consummation of
(i) any consolidation or merger of Quaker in which Quaker is not the continuing or surviving corporation or pursuant to which Quaker’s common stock would be converted into cash, securities, and/or other property, other than a merger of
Quaker in which holders of common stock immediately prior to the merger have the same proportionate ownership of voting securities of the surviving corporation immediately after the 

  

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merger as they had in the common stock immediately before; or (ii) any sale, lease, exchange, or other transfer (in one transaction or a series of
related transactions) of all or substantially all the assets or earning power of Quaker; or 
 (d) Quaker’s shareholders
or the Board shall approve the liquidation or dissolution of Quaker. 
 As used in this Section, “members of the Benoliel Family” shall mean Peter
A. Benoliel, his wife and children and their respective spouses and children, and all trusts created by or for the benefit of any of them. 
 §2.7 “Code” means the Internal Revenue Code of 1986, as amended. A reference to a section of the Code shall also be deemed to refer to the regulations under such section. 
 §2.8 “Committee” means the Compensation/Management Development Committee of the Board, or any other committee appointed by the
Board to administer the Plan. 
 §2.9 “Company” means Quaker and any affiliate of Quaker which has adopted the Plan
with the approval of the Board. 
 §2.10 “Compensation” means, for any year, the sum of (a) the employee’s
base salary paid by the Company in such year, plus (b) the annual cash and stock bonuses (if any) paid to the employee in such year under the Quaker Chemical Corporation 2001 Global Annual Incentive Plan (or any successor thereto providing
annual bonuses) and any annual discretionary bonus paid to the employee in such year, such amounts determined prior to any applicable withholdings. 
 §2.11 “Disability” or “Disabled” means (a) the Participant’s inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, as determined by the Committee in its sole discretion, or (b) the Participant’s receipt, by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, of income replacement benefits for a period of not less than three months under an
accident and health plan covering employees of the Participant’s employer. 
 §2.12 “Domestic Partner” means, with
respect to a Participant, a person: 
 (a) Who is at least 18 years old and legally competent to enter binding contracts;

 (b) To whom the Participant is not married; 
 (c) To whom the Participant is not related by blood or adoption so closely that a legal marriage between them would be prohibited for that
reason in the state where they live; 
  

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 (d) With whom the Participant: 
 (i) Shares a residence; 
 (ii) Shares an intimate and committed relationship of mutual caring and intends to do so indefinitely; and 
 (iii) Has agreed to be jointly responsible for each other’s basic living expenses; and 
 (e) Who, together with the Participant, has signed in the presence of a notary public, and filed with the Quaker human resources department, an affidavit of domestic partnership in a form approved by the Committee. 
 In addition, neither the Participant nor the Domestic Partner may be married to anyone or have another Domestic Partner (determined without regard to this sentence).

 §2.13 “Early Retirement Date” means the date as of which the Participant has attained age 62 and completed 10 Years
of Service. 
 §2.14 “Eligible Employee” means an employee of the Company who is: 
 (a) Paid from a payroll maintained within the United States of America; 
 (b) A member of a select group of management or highly compensated employees, within the meaning of §201(2), §301(a)(3), and
§401(a)(1) of ERISA; and 
 (c) Designated by the Committee, in its sole discretion, as eligible for participation in the
Plan and listed in Appendix A. 
 §2.15 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
A reference to a section of ERISA shall also be deemed to refer to the regulations under such section. 
 §2.16 “Normal Retirement Age” means the later of (a) the Participant’s 65th
birthday, or (b) the date the Participant completes five Years of Participation. 
 §2.17 “Offset Date” means:

 (a) In the case of a Participant who incurs a Separation from Service on or after his Early Retirement Date, but prior to
his Normal Retirement Age, the first day of the month next following the date the Participant incurs a Separation from Service; and 
 (b) In the case of any other Participant, the date the Participant attains Normal Retirement Age. 
 §2.18
“Participant” means an Eligible Employee who has begun to participate in the Plan under Article III. 
  

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 §2.19 “Payment Commencement Date” means the date on which a Participant’s
benefit is due to commence (or be paid) under §5.2, §5.3 or §5.9 (as applicable), without regard to §5.6 and regardless of the date such payment actually commences (or is paid). 
 §2.20 “Pension Plan Benefit” means the annual benefit (if any) payable to the Eligible Employee under the Quaker Chemical
Corporation Pension Plan (or any successor thereto), assuming such benefit is paid in the form of a single life annuity commencing on the Offset Date (regardless of the time at which and the form in which such benefit is paid from such Pension
Plan). 
 §2.21 “Plan” means the Quaker Chemical Corporation Supplemental Retirement Income Program as set forth herein
and as it may be amended from time to time. 
 §2.22 “Plan Year” means the calendar year. 
 §2.23 “Prior SRIP” means the Quaker Chemical Corporation Supplemental Retirement Income Program as adopted on November 6,
1984, amended November 8, 1989 and further amended May 5, 1993. 
 §2.24 “Prior SRIP Formula” means the
First, Second and Third Calculations set forth in the Prior SRIP without regard to any eligibility, vesting or other provisions of the Prior SRIP. 
 §2.25 “Quaker” means Quaker Chemical Corporation (a Pennsylvania corporation), or any successor thereto. 
 §2.26 “Retirement Savings Plan Benefit” means the annual benefit payable in the form of a single life annuity commencing at the Participant’s Offset Date, where such single life annuity is the Actuarial Equivalent
of the sum of (a) the aggregate nonelective contributions allocated to the Eligible Employee’s account under the Quaker Chemical Corporation Retirement Savings Plan (or any successor thereto), plus (b) earnings on such aggregate
contributions at an assumed annual rate of 5.03%. For purposes of determining such sum, (y) a nonelective contribution shall be deemed to have been made as of the December 31 of the year with respect to which it is made, and
(z) earnings shall be deemed to accrue on such contribution from the January 1 immediately following such deemed contribution date through the Offset Date. 
 §2.27 “Separation from Service” means a Participant’s separation from service with the Company and its affiliates within the meaning of Treas. Reg. §1.409A-1(h) or any successor
thereto. 
 §2.28 “Social Security Benefit” means the estimated annual primary insurance amount that a Participant is
entitled to receive under the Federal Social Security Act commencing as of the Offset Date. This estimated benefit shall be determined: 
 (a) Under the Social Security Act in effect on January 1 of the Plan Year in which the Participant incurs a Separation from Service or commences benefit payments under §5.9, if earlier (without regard to
legislative changes made after that date); 
  

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 (b) With respect to periods before the Participant was employed by the Company, based on
the wages stated in the most recent Social Security Statement provided by the Participant at least one month before the date payment is scheduled to commence (or be paid) under Article V; 
 (c) In the case of a Participant who incurs a Separation from Service before the Offset Date, assuming that the Participant continues
employment to the Offset Date at the level of wages in effect at the Participant’s Separation from Service; 
 (d)
Assuming no change in the primary insurance amount after the Participant’s Normal Retirement Age (either by amendment of the Social Security Act or by application of the provisions of that Act); and 
 (e) Assuming the Participant is married and that both the Participant and spouse are the same age. 
 §2.29 “Specified Employee” means a Participant who, as of the date of his Separation from Service, is a specified employee as
defined in Code §409A. 
 §2.30 “Trust” means the grantor trust, if any, established by Quaker to set aside
amounts to pay Participants’ benefits under the Plan. 
 §2.31 “Trust Agreement” means the trust agreement
pursuant to which the Trust is maintained. 
 §2.32 “Year of Participation” means the number of complete and partial
months that the Participant has been a Participant in the Plan while employed by the Company or an affiliate, divided by 12. Partial years shall be disregarded. For purposes of determining a Participant’s Years of Participation, the Participant
shall be deemed to have been a Participant in the Plan beginning on the participation date designated by the Committee in Appendix A. 
 §2.33 “Year of Service” means the Participant’s years of service as determined under the Quaker Chemical Corporation Retirement Savings Plan (as in effect on November 8, 2006) for purposes of determining the
Participant’s vesting status under the Retirement Savings Plan; provided, however, that any partial year of service shall be disregarded; and further provided that service completed after reemployment shall be disregarded if so determined by
the Committee pursuant to §3.2. Notwithstanding the foregoing, if prior to a Change in Control, the Committee determines that a Participant should no longer be eligible for participation in the Plan, service completed after the date of the
Committee’s decision shall be disregarded in determining the Participant’s Years of Service. 
  

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 ARTICLE III 
 PARTICIPATION 
 §3.1 Commencement of Participation. An Eligible Employee shall begin to
participate in the Plan on the date he is designated as a Participant by the Committee. At the time of such designation, the Committee shall determine the Participant’s participation date for purposes of determining his Years of Participation.
Each Participant and his participation date shall be set forth in Appendix A. Eligible Employees and participation dates may be added to Appendix A without requiring an amendment to the Plan. 
 §3.2 Reemployment. If a Participant incurs a Separation from Service and is subsequently reemployed by the Company, the Committee shall, in
its sole discretion, determine whether the Participant shall be eligible to accrue benefits under the Plan upon reemployment. If the Participant is eligible to accrue benefits upon reemployment, the Committee shall determine the applicable offsets
to take into account any benefit paid to the Participant under the Plan prior to his subsequent Separation from Service. 
 ARTICLE IV 

 VESTING 
 §4.1
Vesting. A Participant’s Accrued Benefit shall become 100% vested (nonforfeitable) as of the earlier of: 
 (a)
The date the Participant completes five Years of Participation; 
 (b) The earliest of the following events, provided such
event occurs on or before the date of the Participant’s Separation from Service: 
 (i) The Participant’s death;

 (ii) The date the Participant becomes Disabled; 
 (iii) A Change in Control which is also a “change in control event” under Code §409A; 
 (iv) A Change in Control which is not a “change in control event” under Code §409A; provided, however, that with respect to
a Participant who commences participation in the Plan after December 31, 2008, such Change in Control occurs at least thirteen months after the Participant commences participation pursuant to §3.1; or 
 (v) Termination of the Plan; provided, however, that with respect to a Participant who commences participation in the Plan after
December 31, 2008, such termination occurs at least thirteen months after the Participant commences participation pursuant to §3.1. 
 §4.2 Forfeiture. If a Participant incurs a Separation from Service prior to becoming vested under §4.1 or the Participant’s Separation from Service does not result in vesting under §4.1, the Participant’s
Accrued Benefit shall be forfeited. If the Participant is 

  

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subsequently reemployed, the Committee, in its sole discretion, shall determine if Years of Participation and/or Years of Service completed before such
reemployment shall be taken into account in determining the amount of the Participant’s benefit (if any) under the Plan. 
 ARTICLE V

 BENEFITS 
 §5.1
Accrued Benefit. 
 (a) In General. A Participant’s
Accrued Benefit under the Plan shall be expressed in the form of a single life annuity commencing at the Determination Date. The Determination Date is (i) in the case of a Participant who incurs a Separation from Service on or after his Early
Retirement Date or on or after attaining Normal Retirement Age, the first day of the month following the Participant’s Separation from Service, (ii) in the case of a Disabled Participant, the date benefits commence under §5.9, and
(iii) in the case of any other Participant, the first day of the month following the date the Participant attains Normal Retirement Age (or, in the case of payment pursuant to §5.5, §5.8(b) or §9.3, the later of the date of the
event giving rise to payment or the Participant’s 65th birthday). 
 (b) Future Participants. Except as provided in subsection (c), a Participant’s Accrued Benefit shall be equal to ((I) minus
(II) minus (III) minus (IV)) multiplied by the Service Fraction, where: 
 (I) is 50% of the Participant’s Average Annual
Compensation, 
 (II) is the Participant’s Social Security Benefit; 
 (III) is the Participant’s Pension Plan Benefit; 
 (IV) is the Participant’s Retirement Savings Plan Benefit; and 
 The Service Fraction is the lesser of the Participant’s Years of Service divided by 30, or one. 
 (c) Original Participants. The Accrued Benefit of a Participant identified as an “Original Participant” in Appendix A
shall be the greatest of: 
 (i) The amount determined under subsection (b); 
 (ii) The benefit the Original Participant would have accrued as of age 55 under the Prior SRIP Formula had such formula been continued
through such date, based on such Participant’s Salary plus Bonus (as defined in the Prior SRIP) and years of employment as of the date the Original Participant attains age 55 (such amount to be zero in the event the Original Participant is not
employed by the Company at age 55, even if a Change in Control occurs before such date); or 
  

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 (iii) The sum of (A) the benefit the Original Participant would have accrued as of
December 31, 2006 under the Prior SRIP Formula had such formula been continued through such date, based on such Participant’s Salary plus Bonus (as defined in the Prior SRIP) and years of employment as of December 31, 2006, plus
(B) the Original Participant’s Accrued Benefit determined under subsection (b), but disregarding Years of Service completed prior to January 1, 2007. 
 §5.2 Separation from Service On or After Age 62. Except as provided in §5.5, §5.6, or §5.8, if a Participant incurs a Separation from Service on or after attaining age 62, payment of the
Participant’s vested benefit under the Plan shall commence (or be made) on the first day of the month following such Separation from Service. If the Participant incurs a Separation from Service on or after his Early Retirement Date or on or
after attaining Normal Retirement Age, the benefit payable under this §5.2 shall be his vested Accrued Benefit. If the Participant incurs a Separation from Service before his Early Retirement Date and before attaining Normal Retirement Age, the
benefit payable under this §5.2 shall be his vested Accrued Benefit reduced by five-ninths (5/9ths) of one percent (1%) for each month his Payment Commencement Date precedes his Normal Retirement Age. 
 §5.3 Separation from Service Before Age 62. Except as provided in §5.4, §5.5, §5.6, or §5.8, if a Participant incurs a
Separation from Service before attaining age 62, payment of the Participant’s vested Accrued Benefit shall commence (or be made) as of the first day of the month following the date the Participant attains Normal Retirement Age. 
 §5.4 Small Benefits. If the Actuarial Equivalent present value of a Participant’s vested Accrued Benefit (as of the date of
distribution) does not exceed the applicable dollar amount under Code §402(g)(1)(B), such amount shall be paid in a lump-sum distribution on the later of (a) the first day of the month following the Participant’s Separation from
Service, or (b) the delayed date (if any) required under §5.6. 
 §5.5 Change in Control. If the Change in Control is
also a “change in control event” under Code §409A, then: 
 (a) If the Participant has received one or more
payments under another Section of this Article (other than §5.7) prior to the Change in Control, the Participant shall be paid a lump sum on the date of such Change in Control equal to the Actuarial Equivalent present value of the future stream
of payments that would have otherwise been payable to the Participant (and, if the Participant is receiving benefits in the form of a joint and survivor annuity described in §6.1(b) and the joint annuitant designated at his Payment Commencement
Date has not died prior to such Change in Control, the present value of the payment that would have otherwise been payable to his joint annuitant) on and after the Change in Control had such Change in Control not occurred; and 
 (b) The vested Accrued Benefit of each other Participant shall be paid to such Participant in a lump sum (equal to the Actuarial
Equivalent present value of such vested Accrued Benefit) on the date of such Change in Control. 
  

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 If the Change in Control is not a “change in control event” under Code §409A, payment shall be made (or
continue to be made) under the applicable Section of this Article V, without regard to this Section. 
 §5.6 Specified Employees.
Notwithstanding §5.2, §5.3, or §5.4, if payment of a Participant’s benefit under the Plan is due to commence (or be made) as a result of the Participant’s Separation from Service and the Participant is a Specified Employee,
no payment shall be made to the Participant during the six-month period following the Participant’s Separation from Service. Any payments that would have been made but for this Section shall be accumulated and, except as otherwise provided in
§5.8, paid (without interest) to the Specified Employee on the first day of the seventh month following the month in which the Participant incurs a Separation from Service. Thereafter, payments shall continue in accordance with the form of
benefit applicable to the Participant. 
 §5.7 Failure to Satisfy Code §409A. If, for any reason, all or any portion of a
Participant’s benefit under the Plan becomes taxable to the Participant under Code §409A prior to distribution, a Participant may petition the Committee for a distribution of that portion of his vested Accrued Benefit that has become
taxable. Such petition shall be granted if the Company reasonably determines that the condition specified in the first sentence of this Section has been met. Thereupon, a distribution shall be made to the Participant in an amount equal to (but not
exceeding) the amount of his benefit under the Plan that is required to be included in income as a result of the failure to comply with the requirements of Code §409A (which amount shall not exceed the Actuarial Equivalent present value of the
Participant’s vested Accrued Benefit that then remains unpaid under the Plan). Any distribution under this Section shall be made only if permissible under Treas. Reg. §1.409A-(j)(4)(vii) and any successor regulation thereto. If the
petition is granted, the distribution shall be made within 90 days of the date when the Participant’s petition is granted. Such a distribution shall affect and reduce the benefits to be paid to the Participant (or his Beneficiary) under this
Plan. 
 §5.8 Death Benefit. 
 (a) Death after One or More Payments. 
 (i) If a Participant dies after receiving one
or more payments in the form of a joint and survivor annuity described in §6.1(b), and the joint annuitant designated at his Payment Commencement Date survives him, the joint annuitant shall be paid a lump sum equal to the Actuarial Equivalent
present value of the annuity that would have been paid to the joint annuitant pursuant to §6.1(b), but for this §5.8. Such lump sum shall be paid on the first day of the second month following the Participant’s death. 
 (ii) If a Participant dies after receiving one or more monthly installments under §6.1(c), and before receiving 36 monthly
installments under such Section, the Participant’s Beneficiary shall be paid a lump sum equal to the Actuarial Equivalent present value of the remaining payments that would have been made to the Participant under §6.1(c) but for his death.
Such lump sum shall be paid on the first day of the second month following the Participant’s death. 
  

 -10- 

 (iii) If a Participant dies after receiving one or payments under another Section of this
Article (other than §5.7) under circumstances other than those described in §5.8(a)(i) or (ii), no benefit shall be payable under this Plan after the death of the Participant. For example, no benefit shall be payable under this Plan
following the death of the Participant if the Participant dies after receiving one or more payments in the form of a single life annuity, or if the Participant dies after receiving one or more payments in the form of a joint and survivor annuity
described in §6.1(b), and the joint annuitant designated at his Payment Commencement Date does not survive him. 
 (b)
Death before Any Payment. If a Participant dies before receiving any payment pursuant to another Section of this Article V (other than §5.7) and (i) before his Separation from Service, or (ii) after Separation from Service with
a vested Accrued Benefit, the Participant’s vested Accrued Benefit shall be paid to the Participant’s Beneficiary. Such payment shall be a lump sum equal to the Actuarial Equivalent present value of the Participant’s vested Accrued
Benefit, such payment to be made on the first day of the second month following the Participant’s death. If a death benefit is payable under this subsection (b), no benefit shall be payable under any other Section of this Article V. 

§5.9 Disability. If a Participant becomes Disabled, payment of the Participant’s vested Accrued Benefit shall commence (or be made)
as of the first day of the seventh month following the date the Participant becomes Disabled (or, if earlier, as of the date payment of such benefit would otherwise commence or be made under this Article V). 
 ARTICLE VI 
 FORM OF PAYMENT 

 §6.1 Form of Benefit. A Participant’s vested benefit under the Plan shall be paid in the form of a single life annuity (a
monthly benefit payable to the Participant for life, with no payments made after the Participant’s death) unless one of the following applies: 
 (a) Lump-Sum Distribution. All benefits payable under §5.4, §5.5, §5.7, and §5.8 shall be paid in a lump sum. 
 (b) Joint and Survivor Annuity. Except as provided in §5.4, a Participant may elect, in accordance with §6.3, that the
Participant’s vested benefit payable pursuant to §5.2, §5.3 or §5.9 be paid in the form of a joint and survivor annuity. A joint and survivor annuity is a monthly annuity payable during the Participant’s lifetime and, if the
Participant’s joint annuitant survives the Participant, an annuity for the surviving joint annuitant’s lifetime equal to 50% or 100% of the monthly amount payable during the Participant’s lifetime. The annuity percentage shall be
elected by the Participant prior to the Payment Commencement Date in accordance with procedures established by the Committee. The Participant’s joint annuitant shall be the Participant’s spouse or Domestic Partner on the Payment
Commencement Date. If the Participant’s joint annuitant dies before payments commence under §5.2, §5.3, or §5.9, this optional form of payment shall be revoked and payments shall be made in the form of a single life annuity for
the Participant’s lifetime. The joint and survivor annuity shall be the Actuarial Equivalent of the single life annuity otherwise payable to the Participant under the Plan. As provided in §5.8(a), any benefit payable after a
Participant’s death shall be paid in a lump sum (and not as an annuity). 
  

 -11- 

 (c) Installments Over Three Years. Subject to §6.2, a Participant may elect
that his vested benefit payable pursuant to §5.2, §5.3 or §5.9 be paid in monthly installments over a 36-month period, but only if the Participant’s Payment Commencement Date is after the date the Participant attains Normal
Retirement Age. The amount of each monthly installment shall be equal to one thirty-sixth of the Actuarial Equivalent present value of the single life annuity otherwise payable to the Participant under the Plan as of the first day of the month
following the later of the date the Participant attains Normal Retirement Age or the Participant’s Separation from Service. 
 §6.2
Election Procedures Regarding Three-Year Installment Form. An Eligible Employee may make an election under this Section to have his vested benefit payable pursuant to §5.2, §5.3 or §5.9 paid in the three-year installment method
described in §6.1(c) if his Payment Commencement Date is after the date the Participant attains Normal Retirement Age. Any such election shall be made in accordance with subsection (a), (b), or (c) and such other procedures as may be
established by the Committee that are not inconsistent with such subsections. Any such election shall be void in the event that §5.4 is applicable. 
 (a) Election on or before December 31, 2008. An election under this subsection (a) shall be made by a Participant on or before December 31, 2008; provided that such election shall not apply to
amounts that would have otherwise been distributed in the year of the election or cause amounts to be distributed in the year of the election that would not otherwise have been distributed in the year of the election. 
 (b) Election on or before Employment Commencement Date. An election under this subsection (b) shall be made on or before the
date the Eligible Employee first completes an hour of service with the Company or any other entity required to be aggregated with the Company under Code §414(b) or §414(c). 
 (c) Thirteen-Month Forfeiture Election. An election under this subsection
(c) shall be made on or before the 30th day after the Eligible Employee is designated as a Participant by the Committee; provided, however,
that a Participant shall be eligible to make an election under this subsection (c) only if his Participation Date (as stated in Appendix A) is less than forty-seven months before the date of his election under this subsection (c). 

§6.3 Election Procedures Regarding Annuities. Any election made by a Participant under this §6.3 must be made before the
Participant’s Payment Commencement Date and in accordance with procedures established by the Committee. If a Participant’s vested benefit payable pursuant to §5.2, §5.3 or §5.9 is scheduled to be paid in the form of a single
life annuity, the Participant may elect instead that the benefit be paid in the form of a joint and survivor annuity (50% or 100%). If a Participant has elected that his vested benefit payable pursuant to §5.2, §5.3 or §5.9 be paid in
the form of a joint and survivor annuity (e.g., 50%), the Participant may elect instead that (a) the benefit be paid in the form of an alternative joint and survivor annuity (e.g., 100%), or (b) the benefit be paid in the form of a single
life annuity. 
  

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 ARTICLE VII 
 ADMINISTRATION 
 §7.1 Committee. 
 (a) Committee Powers. The Committee shall have all powers necessary to supervise the administration of the Plan and control its
operations. In addition to any powers and authority conferred on the Committee elsewhere in the Plan or by law, the Committee shall have the following powers and authority: 
 (i) To designate agents to carry out responsibilities relating to the Plan. 
 (ii) To employ such legal, actuarial, accounting, clerical and other assistance as it may deem appropriate in administering this Plan.

 (iii) To establish rules and procedures for the conduct of the Committee’s businesses and the administration of this
Plan. 
 (iv) To administer the Plan. Unless the Plan expressly provides otherwise, the Committee shall have the sole
discretion to construe and interpret the provisions of the Plan and to determine all questions (including factual determinations) concerning benefit entitlements, including the power to construe and determine disputed or doubtful terms. To the
maximum extent permissible under law, the determinations of the Committee on all such matters shall be final and binding upon all persons involved. 
 (v) To perform or cause to be performed such further acts as it may deem to be necessary or appropriate in the administration of the Plan. 
 (b) Records and Reports. The Committee shall keep a record of its proceedings and actions and shall maintain all books of account,
records, and other data as shall be necessary for the proper administration of the Plan. Such records shall contain all relevant data pertaining to individual Participants and their rights under the Plan. The Committee shall have the duty to carry
into effect all rights or benefits provided hereunder to the extent assets of the Company are properly available therefor. 
 §7.2
Claims and Appeals. 
 (a) Claims Procedure. The Company will advise each Participant and Beneficiary of any
benefits to which he is entitled under the Plan. If any person believes that the Company failed to advise him of any benefit to which he is entitled, he (or his duly authorized representative) may file a written claim with the Committee. The claim
shall be reviewed, and a response provided, within 90 days after receiving the claim (such period to be extended by up to an additional 90 days if there are special circumstances requiring an extension, provided that proper notice is given to the
claimant prior to the end of the initial 90-day period). Any claimant who is denied a claim for benefits shall be provided with written notice setting forth: 
 (i) The specific reason or reasons for the denial; 
  

 -13- 

 (ii) Specific reference to pertinent Plan provisions on which denial is based;

 (iii) A description of any additional material or information necessary for the claimant to perfect the claim; and

 (iv) An explanation of the claim review procedure set forth in subsection (b), including a statement of the claimant’s
right to bring a civil action under ERISA §502(a) following an adverse determination after the claim has been appealed. 
 (b) Appeals. Within 60 days of receipt by a claimant of a notice denying a claim under the Plan under subsection (a), the claimant or his duly authorized representative may request in writing a full and fair review of the claim by
the Committee. In connection with such review, the claimant or his duly authorized representative may review relevant documents and may submit issues and comments in writing (which the Committee shall consider in its review). The Committee shall
make a decision promptly, and not later than 60 days after the Committee’s receipt of a request for review, unless special circumstances (such as the need to hold a hearing, if the Committee deems one necessary) require an extension of time for
processing, in which case the Committee will notify the claimant in writing of such extension (prior to the end of the initial 60-day period) and a decision shall be rendered as soon as possible, but not later than 120 days after receipt of a
request for review. The decision on review shall be in writing and shall include specific reasons for the decision (written in a manner calculated to be understood by the claimant), specific references to the pertinent Plan provisions on which the
decision is based, a statement that the claimant may review or receive (free of charge) documents relevant to the claim, and a statement of the claimant’s right to bring a civil action under ERISA §502(a). 
 (c) Claims Involving Disability. In the case of any claim involving a determination of Disability, the claim procedure set forth in
subsection (a) and the review procedure set forth in subsection (b) shall be modified to the extent necessary to comply with the rules set forth in DOL Reg. §2560.503-1 regarding disability benefits. 
 (d) Exhaustion of Remedies. No legal action for benefits under the Plan may be brought unless and until the claimant has timely
exhausted his remedies under this Section. 
 ARTICLE VIII 
 SOURCES OF FUNDS 
 §8.1 In General. This Plan shall be unfunded, and, except as provided
in §8.2, payment of benefits hereunder shall be made from the general assets of the Company. Any assets which may be set aside, earmarked, or identified as being intended for the payment of benefits under this Plan shall remain assets of the
Company and shall be subject to the claims of its general creditors. Each Participant and Beneficiary shall be a general and unsecured creditor of the Company to the extent of the value of his benefit accrued hereunder, and he or she shall have no
right, title, or interest in any specific asset that the Company may set aside, earmark, or 

  

 -14- 

 
identify as for the payment of benefits under the Plan. The Company’s obligation under the Plan shall be merely that of an unfunded and unsecured
promise to pay money in the future. 
 §8.2 Trust. Notwithstanding §8.1, assets may be set aside in a trust and earmarked
for the payment of benefits under this Plan, provided Participants continue to be general and unsecured creditors of the Company with respect to assets set aside in the trust. 
 ARTICLE IX 
 AMENDMENT AND TERMINATION 
 §9.1 General Authority. The Committee may approve and execute changes of a technical nature to the Plan which do not materially affect the
substance thereof and which, in the opinion of the Committee, are necessary and desirable (including any amendment that applies to a Participant who has incurred a Separation from Service). In addition, the Board reserves the right to amend the
Plan, by resolution, at any time and from time to time in any fashion (including any amendment that applies to a Participant who has incurred a Separation from Service), and to terminate it at will. 
 §9.2 Limitations. No amendment or termination of this Plan shall affect the rights of any Participant or his Beneficiary with respect to the
amount of his Accrued Benefit (whether or not vested) determined as of the date of such amendment or termination; provided, however, that such limitation shall not apply to (a) any amendment or termination that the Committee or the Board, in
its sole discretion, determines is necessary or appropriate to avoid the additional tax under Code §409A(a)(1)(B), (b) any amendment to which the Participant (or his Beneficiary in the event the Participant is deceased) consents, or
(c) any termination that provides for a single-sum distribution of the Participant’s vested Accrued Benefit (or remaining vested Accrued Benefit). 
 §9.3 Distribution on Plan Termination. Upon termination of the Plan, to the extent permitted by Code §409A, the present value of the Participant’s vested Accrued Benefit which has not yet been
paid pursuant to Article V shall be paid to the Participant (or his Beneficiary if the Participant is deceased) in a single sum as of the earliest date on which such payment would be permitted under Code §409A. 
 ARTICLE X 
 MISCELLANEOUS

 §10.1 Tax Withholding. The Company shall withhold from payments made under the Plan any taxes required to be withheld from
a Participant’s wages for Federal, state, or local taxes. 
 §10.2 Payment of Expenses. The Company shall pay all expenses
of administering the Plan. Such expenses shall include any expenses incident to the functioning of the Committee. 
  

 -15- 

 §10.3 Indemnification for Liability. The Company shall indemnify the members of the Committee
and the employees of the Company to whom the Committee delegates duties under the Plan against any and all claims, losses, damages, expenses, and liabilities arising from their responsibilities in connection with the Plan, unless the same is
determined to be due to gross negligence or willful misconduct. 
 §10.4 Nonalienation of Benefits. Except as hereinafter
provided with respect to marital disputes, none of the benefits or rights of a Participant or any Beneficiary shall be subject to the claim of any creditor. In particular, to the fullest extent permitted by law, all such benefits and rights shall be
free from attachment, garnishment, or any other legal or equitable process available to any creditor of the Participant and his Beneficiary. Neither the Participant nor his Beneficiary shall have the right to alienate, anticipate, commute, pledge,
encumber, sell, transfer, or assign any of the payments which he may expect to receive, contingently or otherwise, under this Plan, except the right to designate a Beneficiary to receive death benefits provided hereunder. In cases of marital
dispute, the Company shall observe the terms of the Plan unless and until ordered to do otherwise by a state or Federal court. As a condition of participation, a Participant agrees to hold the Company harmless from any harm that arises out of the
Company’s obeying the final order of any state or Federal court, whether such order effects a judgment of such court or is issued to enforce a judgment or order of another court. 
 §10.5 No Contract of Employment. Nothing contained herein shall be construed as conferring upon any person the right to be employed by the
Company or to continue in the employ of the Company, nor shall it interfere with the right of the Company to discharge any employee. 
 §10.6 Applicable Law. The provisions of this Plan shall be construed and interpreted according to the laws of the Commonwealth of Pennsylvania (without reference to principles of conflicts of law), to the extent not superseded
by Federal law. 
 §10.7 Successors. The provisions of this Plan shall bind and inure to the benefit of the Company and its
successors and assigns. The term “successors” as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation, purchase, or otherwise, acquire all or substantially all of the business and
assets of the Company, and successors of any such corporation or other business entity. 
 §10.8 Headings. The headings of the
Sections of the Plan are for reference only. In the event of a conflict between a heading and the contents of a Section, the contents of the Section shall control. 
 §10.9 Gender and Number. Whenever any words are used herein in any specific gender, they shall be construed as though they were also used in any other applicable gender. Whenever any words used herein are
in the singular form, they shall be construed as though they were also used in the plural form in all cases where they would so apply. 
 §10.10 Top-Hat Plan. While, as stated in Article I, this Plan is intended to cover a “select group of management or highly compensated employees,” in the event it is determined 

  

 -16- 

 
not to be a plan described in §201(2), §301(a)(3), and §401(a)(1) of ERISA, it shall be deemed to be two plans, one plan covering the group
that consists of a select group of management or highly compensated employees and the other plan covering the group that does not meet this definition. 
 §10.11 Code §409A. Notwithstanding any provision of the Plan to the contrary, the Plan shall be interpreted and administered in a manner consistent with Code §409A and applicable guidance issued
thereunder, to avoid the imposition of additional tax under Code §409A. 
 §10.12 Facility of Payment. If an amount is
payable under this Plan to a minor, a person declared incompetent, or a person incapable of handling the disposition of property, the Committee may direct the payment of the amount to the guardian, legal representative, or person having the care and
custody of the minor, incompetent, or incapable person. The Committee may require proof of incompetency, minority, incapacity, or guardianship as it may deem appropriate prior to the distribution of the amount. The distribution shall completely
discharge the Committee and the Company from all liability with respect to the amount distributed. 
 IN WITNESS WHEREOF, QUAKER CHEMICAL
CORPORATION has caused these presents to be duly executed this 19th day of November, 2008. 
  

									
	Attest:	 		 	QUAKER CHEMICAL CORPORATION
				
	/s/ Irene M. Kisleiko	 		 	By:	 	/s/ Michael F. Barry

 By signing below, each Participant in the Plan prior to the adoption of this Amendment and
Restatement acknowledges his consent to the changes made by this Amendment and Restatement. 
  

					
			
	Date: November 19, 2008	 		 	/s/ Michael F. Barry
		 		 	Michael F. Barry
			
	Date: November 19, 2008	 		 	/s/ D. Jeffry Benoliel
		 		 	D. Jeffry Benoliel

  

 -17- 

 APPENDIX A 
  

	A.	ORIGINAL PARTICIPANTS 

  

			
	 Name
	  	 Participation Date

		
	Michael F. Barry	  	November 30, 1998
	D. Jeffry Benoliel	  	July 1, 2004

  

	B.	FUTURE PARTICIPANTS 

  

			
	 Name
	  	 Participation Date

  

 A-1Directors' Deferred Compensation Plan

 Exhibit 10.59 
 QUAKER CHEMICAL CORPORATION 
 DIRECTORS’ DEFERRED COMPENSATION PLAN 
 (Amended and Restated as of January 1, 2005) 
 Section 1 - Statement of Purpose 
 This Plan is designed and implemented for the purpose of providing to the members of the Board who
have made significant contributions to the Company’s success, the opportunity to accumulate capital on a tax-deferred basis, thereby increasing the incentive for such Directors to remain on the Board and to make the Company more profitable.
This goal is accomplished through a pre-tax deferral of Board compensation and the deemed investment of those funds on a tax-deferred basis. 
 Section 2 - Definitions 
 2.1 “Account Balance” means the amount, as denominated in dollars, of a Participant’s account
as indicated in the records of the Administrator. 
 2.2 “Administrator” means the person designated by the Company pursuant to Section 3.1 to
administer the Plan on behalf of the Company. 
 2.3 “Beneficiary” means the person to whom the share of a deceased Participant’s total
account is payable, as designated by a Participant in writing on a form satisfactory to the Company. In the absence of any living designated Beneficiary, a deceased Participant’s Beneficiary shall be the deceased Participant’s then living
spouse, if any, for his or her life; if none, or from and after such spouse’s death, then the living children of the deceased Participant, if any, in equal shares, for each of their lives; and if none, or after the death of all such children,
the estate of the deceased Participant. 
 2.4 “Board” means the Board of Directors of the Company, or any committee of such Board that is
authorized to oversee, administer and amend the Plan. 
 2.5 “Code” means the Internal Revenue Code of 1986, as amended. 
 2.6 “Company” means Quaker Chemical Corporation and any successors that shall maintain this Plan. The Company is a corporation, with principal offices in the
Commonwealth of Pennsylvania. 
 2.7 “Compensation” with respect to a Participant means all fees that would, but for this Plan, be payable to a
Participant in cash by reason of serving on the Board or on committees of the Board. 
 2.8 “Director” means a member of the Board. 
 2.9 “Participant” means any Director who participates in the Plan as provided in Section 4 and has not for any reason become ineligible to participate
further in the Plan. 
 2.10 “Plan” means the Quaker Chemical Corporation Directors’ Deferred Compensation Plan, as contained in this
instrument, including all amendments thereto. 
 2.11 “Plan Participation Agreement” means the agreement signed by a Director authorizing the
deferral of his or her Compensation to the Plan pursuant to Sections 4.2 and 5.1. 

 2.12 “Plan Year” means the Plan’s accounting year. Effective January 1, 2006, the Plan Year shall be
the calendar year. Prior to January 1, 2006, the Plan Years were as follows: 
 (a) The six-month period beginning July 1, 2002,
and ending December 31, 2002; 
 (b) The calendar year beginning January 1, 2003, and ending December 31, 2003; 
 (c) The period beginning January 1, 2004, and ending May 4, 2004; 
 (d) The period beginning May 5, 2004 and ending May 10, 2005; and 
 (e) The period beginning May 11, 2005 and ending December 31, 2005. 
 2.13 “Separation from Service” means a Participant’s death, retirement, or other termination of service with the Company and all affiliated companies, within the meaning of Treas. Reg. §1.409A-1(h)
or any successor thereto. 
 2.14 “Vested” means the nonforfeitable portion of any account maintained on behalf of a Participant. 
 Section 3 - Plan Administration 
 3.1 Powers and Duties of
the Administrator. The Company shall appoint the Administrator, who shall administer the Plan for the exclusive benefit of the Participants and their Beneficiaries, subject to the specific terms of the Plan. The Administrator shall
administer the Plan in accordance with its terms and shall have the power and discretion to construe the terms of the Plan and to determine all questions arising in connection with the administration, interpretation, and application of the Plan. Any
such determination by the Administrator shall be conclusive and binding upon all persons. The Administrator may establish procedures, correct any defect, supply any information, or reconcile any inconsistency in such manner and to such extent as
shall be deemed necessary or advisable to carry out the purpose of the Plan; provided, however, that any procedure, discretionary act, interpretation or construction shall be done in a nondiscriminatory manner based upon uniform principles
consistently applied. The Administrator shall have all powers necessary or appropriate to accomplish the duties under this Plan. 
 The Administrator shall
be charged with the duties of the general administration of the Plan, including, but not limited to, the following: 
 (a) The discretion to
determine all questions relating to the eligibility of a Director to participate or remain a Participant hereunder and to receive benefits under the Plan; 
 (b) To compute and make determinations with respect to the amount of benefits to which any Participant shall be entitled hereunder; 
 (c) To authorize and make nondiscretionary or otherwise directed disbursements to Participants; 
 (d) To
maintain all necessary records for the administration of the Plan; 
 (e) To interpret the provisions of the Plan and to make and publish
such rules for the regulation of the Plan as are consistent with the terms hereof; 
 (f) To prepare and implement a procedure to notify
Directors that they may elect to have a portion of Compensation deferred or paid to them in cash; and 
  

 - 2 - 

 (g) To assist any Participant regarding his or her rights, benefits, or elections available under the
Plan. 
 3.2 Records and Reports. The Administrator shall keep a record of all actions taken and shall keep all other books of account,
records, and other data that may be necessary for proper administration of the Plan and shall be responsible for supplying all information and reports to the Company, Participants and Beneficiaries. 
 3.3 Information from Company. To enable the Administrator to perform the functions under the Plan, the Company shall supply full and timely information to
the Administrator on all matters relating to the Compensation of all Participants, their retirement, death, disability, or termination of service as a member of the Board, and such other pertinent facts as the Administrator may require. The
Administrator may rely upon such information as is supplied by the Company and shall have no duty or responsibility to verify such information. 
 3.4 Claims Procedure. Claims for benefits under the Plan may be filed with the Administrator on
forms supplied by the Company. Written or electronic notice of the disposition of a claim shall be furnished to the claimant within 90 days after the application is filed. In the event the claim is denied, in whole or in part, the notice shall set
forth in language calculated to be understood by the claimant (i) the specific reason or reasons for the denial, (ii) specific reference to pertinent Plan. provisions on which the denial is based, (iii) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is
necessary, and (iv) a description of the Plan’s review procedures and the time limits applicable to such procedures, including a statement of the claimant’s right, if any, to bring a civil action under section 502(a) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), following an adverse benefit determination on review. 
 3.5 Claims Review
Procedure. Any Director, former Director, or Beneficiary who has been denied a benefit by a decision of the Administrator pursuant to Section 3.4, or his or her authorized representative (the “claimant”), shall be entitled to
request the Administrator to give further consideration to his or her claim by filing with the Administrator a request for a hearing. Such request, together with a written statement of the reasons why the claimant believes his or her claim should be
allowed, shall be filed with the Administrator no later than 60 days after receipt of the notification provided for in Section 3.4. The claimant shall be provided, upon request and free of charge, reasonable access to, and copies of, all
documents, records, and other information relevant to the claimant’s claim for benefits. The Administrator shall then conduct a hearing within the next 60 days, at which the claimant shall have an opportunity to submit comments, documents,
records, and other information relating to the claim without regard to whether such information was submitted or considered in the initial benefit determination. The Administrator shall make a final decision as to the allowance of the claim within
60 days of receipt of the appeal, unless special circumstances require an extension of time, in which case notice of the extension and circumstances shall be provided to the claimant prior to the termination of the initial 60-day period and a
decision shall be rendered as soon as possible but not later than 120 days after receipt of the request for review; provided, however, in the event the claimant fails to submit information necessary to make a benefit determination on review, such
period shall be tolled from the date on which the extension notice is sent to the claimant until the date on which the claimant responds to the request for additional information. The decision on review shall be written or electronic and, in the
case of an adverse determination, shall include specific reasons for the decision, in a manner calculated to be understood by the claimant, and 

  

 - 3 - 

 
specific references to the pertinent Plan provisions on which the decision is based. The decision on review shall also include (i) a statement that the
claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, or other information relevant to the claimant’s claim for benefits, and (ii) a statement describing any
voluntary appeal procedures offered by the Plan, and a statement of the claimant’s right, if any, to bring an action under section 502(a) of ERISA. No legal actions concerning a claimant’s benefit under the Plan may be brought prior to
exhausting the Plan’s claims process and review process, as described in Section 3.4 and 3.5, in a timely manner. 
 Section 4 -
Eligibility 
 4.1 Eligibility. The Company identified and notified those Directors who were serving on the Board on June 30, 2002. A
Director whose service on the Board commences after June 30, 2002 shall be identified and notified of the Plan at that time. Participation in the Plan shall be voluntary. 
 4.2 Participation. A Director becomes a Participant in the Plan upon the execution and delivery by him or her and the Company of a Plan Participation Agreement. Elections by Participants with respect to
a Plan Year beginning on or after January 1, 2006 shall be made before the first day of such Plan Year. With respect to the Plan Year beginning May 5, 2004, elections were required to be made before May 5, 2004. With respect to the
Plan Year beginning May 11, 2005, elections were required to be made on or before March 15, 2005. In the first year in which a Director becomes eligible to participate in the Plan (or in any other plan which would be aggregated with this
Plan under Treas. Reg. §1.409A-1(c)(2) or any successor thereto), the Director may make an election, within 30 days after the date the Director becomes eligible to Participate, with respect to Compensation for services to be performed
subsequent to the election during that Plan Year (as determined under Treas. Reg. §1.409A-2(a)(7) or any successor thereto). Elections made (or deemed to be made pursuant to Section 5.1) with respect to any Plan Year are irrevocable on the
last day an election may be made with respect to such Plan Year; provided, however, that an election made by a new Director with respect to a Plan Year on or after the first day of the Plan Year shall be irrevocable on the date the Director delivers
to the Company a Plan Participation Agreement that he or she has executed. 
 4.3 Effective Date of Participation. A Director shall become a
Participant effective as of the first day of the Plan Year for which a Plan Participation Agreement under Section 4.2 is in effect, provided that the Director is still serving on such date. A new Director shall become a Participant as of the
first day for which his or her election to defer is effective. 
 4.4 Election Not to Participate. Any Director may elect not to participate in
the Plan. A Director who fails to execute and deliver a Plan Participation Agreement in accordance with Section 4.2 shall be deemed to have elected not to participate in the Plan. 
 Section 5 - Contributions to the Plan 
 5.1 Participant’s Compensation Deferral. A Participant
may elect to defer up to 100% of his or her Compensation each Plan Year. The total amount of Compensation that is deferred shall be considered as the Participant’s contribution to the Plan for that Plan Year. Deferral elections shall continue
in effect from Plan Year to Plan Year unless changed or revoked by the Participant. Any change or revocation shall not be effective prior to the first day of the Plan Year beginning after the date on which such change or revocation is filed with the
Company; 

  

 - 4 - 

 
provided, however, that any change or revocation filed with the Company during 2005 shall become effective (i) May 11, 2005 if submitted on or
before March 15, 2005, or (ii) January 1, 2006 if submitted after March 15, 2005. 
 5.2 Vesting of Contributions.
Participant contributions shall be Vested at all times. 
 Section 6 - Participants’ Accounts 
 6.1 Maintenance of Participants’ Accounts. The Administrator shall maintain a separate account for each Participant, to which shall be credited
Participants’ contributions. Accounts shall be credited for contributions as of the date the relevant amounts would otherwise have been payable to the Participant in cash. Each Participant’s account also shall be credited with any
increases in value determined under Section 6.2. Each Participant’s account shall be charged with any withdrawals, distributions, or transfers permitted under the Plan. These Participant accounts shall be for recordkeeping purposes only
and no actual funds will be deposited or set aside for any individual Participant or for the group of Participants as a whole. 
 6.2 Earnings or
Losses Credited to Participant Accounts. 
 (a) Each Participant may from time to time designate the investment vehicle or vehicles
which shall be used to determine the earnings and losses of his or her account from among available investment vehicles designated by the Administrator in its sole discretion. Any such designation shall be made at the time and in the manner
prescribed by the Administrator. Each Participant’s Account Balance shall be adjusted on a daily basis to reflect the earnings and losses of the designated investment vehicle or vehicles. In the event that no designation is in effect under this
Section 6.2(a) for any period, the Participant shall be deemed to have designated such default investment vehicle as may be designated by the Administrator. 
 (b) Notwithstanding Section 6.2(a), a Participant’s Account Balance as of any date shall not be less than the amount determined (i) by crediting his account with interest on a daily basis at the prime
lending rate charged by the Company’s principal banking institution on January 1 of the calendar year for which such interest credit is made (or July 1, 2002, with regard to interest credits made during 2002); (ii) without regard
to any contributions made on or after May 5, 2004; and (iii) without regard to any adjustments under Section 6.2(a). 
 6.3 Statements
of Participants’ Accounts. The Administrator shall prepare or have prepared each quarter a statement for each Participant of his or her Account Balance and shall send such statement to the Participant. 
 Section 7 - Distributions 
 7.1 Distributions from the
Plan. A Participant will be entitled to payment from the Company of an amount equal to his or her Account Balance upon the Participant’s Separation from Service. All payments shall be made during the 90-day period beginning on the date
of the Participant’s Separation from Service, provided that, if such 90-day period overlaps more than one taxable year, the Participant (or Beneficiary) shall have no discretion to designate the taxable year in which any payment is made.

 7.2 Form of Payment. Distribution shall be made in a single-sum payment equal to the Participant’s Account Balance. 
  

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 7.3 Loans. Loans from the Plan are not permitted. 
 7.4 Distribution for Minor Beneficiary. In the event a distribution is to be made to a minor, then the Administrator may direct that such distribution be
paid to the legal guardian, or if none, to a parent of such Beneficiary, or to the custodian of such Beneficiary under the Uniform Gifts to Minors Act or a similar statute, if such is permitted by the laws of the state in which said Beneficiary
resides. Such a payment to the legal guardian, custodian or parent of a minor Beneficiary shall fully discharge the Company and the Plan from further liability on account thereof. 
 Section 8 - Amendment and Termination 
 8.1 Amendment. The Company shall have the right at any time
to amend this Plan (whether before or after a Participant’s Separation from Service). However, no amendment shall be effective so as to reduce the amount of any Participant’s Account Balance, to reduce future interest credits (with respect
to the Participant’s Account Balance attributable to contributions made prior to May 5, 2004) below the amount provided under Section 6.2(b) (as in effect prior to the amendment), to adversely affect the Participant’s right to
adjustments for earnings or losses under Section 6.2(a), or to delay the payment of any amount to a Participant beyond the time that such amount would be payable without regard to such amendment, except to the extent such amendment or
modification is determined by the Company to be necessary or appropriate to avoid additional tax under section 409A of the Code. 
 8.2
Termination. The Company shall have the right at any time to notify the Participants of the termination of the Plan by delivering to the Directors and Administrator written notice of such termination. Upon any such notice of
termination, beginning with the following Plan Year no additional amounts may be deferred and credited to Participants’ accounts; however, Participants’ accounts shall continue to be credited with any increases or decreases in value
pursuant to Section 6.2. In the event of termination, at the Company’s election, each Participant’s Account Balance shall be paid to the Participant in full to the extent permitted under Treas. Reg. §1.409A-3(j)(4)(ix) or any
successor thereto (and, to the extent not distributable thereunder, shall remain payable in accordance with the terms of the Plan other than this Section 8.2). 
 Section 9 - Company-Owned Life Insurance 
 9.1 Company Owns All Rights. In the event that, in its
discretion, the Company purchases a life insurance policy or policies insuring the life of any Participant to allow the Company to informally finance and/or recover, in whole or in part, the cost of providing the benefits hereunder, neither the
Participant nor any Beneficiary shall have any rights whatsoever therein. The Company shall be the sole owner and beneficiary of any such policy or policies and shall possess and may exercise all incidents of ownership therein. 
 9.2 Participant Cooperation. If the Company decides to purchase a life insurance policy or policies on any Participant, the Company will so notify such
Participant. Each Participant shall consent to being insured for the benefit of the Company and shall take whatever actions may be necessary to enable the Company to timely apply for and acquire such life insurance and to fulfill the requirements of
the insurance carrier relative to the issuance thereof as a condition of eligibility to participate in the Plan. 
  

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 9.3 Participant Misrepresentation. If (a) any Participant is required by this Plan to submit
information to any insurance carrier; and (b) the Participant makes a material misrepresentation in any application for such insurance; and (c) as a result of that material misrepresentation the insurance carrier is not required to pay all
or any part of the proceeds provided under that insurance, then the Participant’s (or the Participant’s Beneficiary’s) rights to any benefits under this Plan may be, in the sole discretion of the Board, reduced to the extent of any
reduction of proceeds that is paid by the insurance carrier because of such material misrepresentation. 
 9.4 Suicide. Notwithstanding any
other terms or provision of the Plan or the Plan Participation Agreement, if a Participant dies by reason of suicide and if the Company’s receipt of insurance proceeds is as a result reduced, then the Participant’s (or the
Participant’s Beneficiary’s) rights to any benefits under this Plan may be, in the sole discretion of the Board, reduced to the extent of any reduction of proceeds that is paid by the insurance carrier. 
 Section 10 - Resignation and Removal of the Administrator 
 10.1
Resignation. The Administrator may resign at any time by written notice to the Board, which shall be effective 30 days after receipt of such notice unless the Administrator and the Board agree otherwise. 
 10.2 Removal. The Administrator may be removed by the Board on 30 days notice or upon shorter notice accepted by the Administrator. 
 10.3 Appointment of Successor. If the Administrator resigns or is removed, a successor shall be appointed, in accordance with Section 11, by the
effective date of resignation or removal under this Section 10. If no such appointment has been made, the Administrator may apply to a court of competent jurisdiction for appointment of a successor or for instructions. All expenses of the
Administrator in connection with the proceeding shall be allowed as administrative expenses of the Plan. 
 Section 11 - Appointment of Successor
Administrator 
 11.1 Successor Administrator. If the Administrator resigns or is removed in accordance with Section 10.1 or 10.2, the
Board shall appoint a successor Administrator. The appointment shall be effective when accepted in writing by the new Administrator. The new Administrator shall have all of the rights and powers of the former Administrator. 
 Section 12 - The Administrator’s Consultant 
 12.1
Consultant. The Company agrees to the designation by the Administrator of NYLEX Benefits LLC (“NYLEX”), headquartered in Stamford, Connecticut, as the Administrator’s consultant (the “Administrator’s
Consultant”) under this Plan. The Administrator shall have no responsibility for the performance of the duties of the Administrator’s Consultant. 
 12.2 Independent Consultant. It is recognized that NYLEX also acts as an independent consultant for the Administrator with respect to the Administrator’s obligations under the Plan. 
 12.3 Resignation or Removal of Consultant. The Administrator’s Consultant may resign at any time by delivery of written notice of resignation to the
Administrator. The Administrator’s Consultant may be removed by the Administrator at any time by delivery of written notice of such removal to the Administrator’s Consultant. Any such resignation or removal shall take effect as of a future
date specified in the notice, which date shall not be earlier than 30 days after such notice is delivered, or such earlier date as may be agreed to by the Administrator’s Consultant and the Administrator. As soon as practicable after the
Administrator’s Consultant 

  

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has resigned or has been removed hereunder, it shall deliver to the successor Administrator’s Consultant or to the Administrator all reports, records,
documents, and other written information in its possession regarding the Plan, the Participants and Beneficiaries, and thereupon shall be paid all unpaid fees, compensation and reimbursements to which it is entitled and shall be relieved of all
responsibilities and duties under the Plan. 
 12.4 Records to be Maintained. The Administrator’s Consultant shall maintain or cause to be
maintained all of the records contemplated by the current agreement between the Administrator and the Administrator’s Consultant. The Administrator’s Consultant shall also perform such other duties and responsibilities under this Plan as
agreed in writing between the Administrator’s Consultant and the Administrator. 
 12.5 Furnishing of Information. The Administrator shall
furnish to the Administrator’s Consultant all the information necessary to determine the benefits payable to or with respect to each Participant and Beneficiary, and the name, address and Social Security number of each Participant and
Beneficiary. The Administrator shall regularly, at least annually, or promptly at the request of the Administrator’s Consultant, furnish to the Administrator’s Consultant revised and updated information, including copies of any amendments
or supplements to the Plan or the Administrator’s obligations. Based on the foregoing information, the Administrator’s Consultant shall prepare annual statements for each Participant and Beneficiary and shall furnish a copy of same to the
Administrator. In the event the Administrator refuses or neglects to provide updated information, as contemplated herein, the Administrator’s Consultant shall be entitled to rely upon the most recent information furnished to it by the
Administrator. The Administrator’s Consultant has no responsibility to verify information provided to it by the Administrator. 
 12.6 Annual
Valuation. The Administrator’s Consultant shall assist the Administrator in providing all required Plan information to the Company. The Administrator’s Consultant shall also perform an annual actuarial valuation of the obligations
under the Plan and the funding requirements therefor, based solely on the most recent information furnished to it by the Administrator. 
 Section 13
- Miscellaneous 
 13.1 Unsecured Company Liability. The obligation of the Company to make payments hereunder to a Participant shall
constitute an unsecured liability of the Company. Such payments shall be made from the general funds of the Company, and the Company shall not be required to establish or maintain any special or separate fund, to purchase or acquire life insurance
on a Participant’s life, or otherwise to segregate assets to assure that such payments shall be made. Neither a Participant nor any other person shall have any interest in any particular asset of the Company by reason of its obligations
hereunder, and the right of any of them to receive payments under this Plan shall be no greater than the right of any other unsecured general creditor of the Company. Nothing contained in the Plan shall create or be construed as creating a trust of
any kind or any other fiduciary relationship between the Company and a Participant or any other person. 
 13.2 No Contract of Employment. This
Plan shall not be deemed to constitute a contract between the Company and any Participant or to be a consideration or an inducement for the service as a Director of any Participant. Nothing contained in this Plan shall be deemed to give any
Participant the right to be retained as a Director regardless of the effect which any such cessation of service shall have upon him or her as a Participant in this Plan. 
  

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 13.3 Nonalienation of Benefits. No benefit which shall be payable by this Plan to any person (including a
Participant or his or her Beneficiary) shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, or
charge the same shall be void; and no such benefit shall in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements, or torts of any such person, nor shall it be subject to attachment or legal process for or against
such person, and the same shall not be recognized by the Administrator or Company, except to such extent as may be required by law. 
 13.4 Designation
of Beneficiary. Each Participant shall file with the Company a notice in writing, in a form acceptable to the Board, designating one or more Beneficiaries to whom payments becoming due by reason of or after his or her death shall be made.
Participants shall have the right to change the Beneficiary or Beneficiaries so designated from time to time; provided, however, that no such change shall become effective until received in writing and acknowledged by the Company. 
 13.5 Payment to Incompetents. The Company shall make the payments provided herein directly to the Participant or Beneficiary entitled thereto or, if such
Participant or Beneficiary has been determined by a court of competent jurisdiction to be mentally or physically incompetent, then payment shall be made to the duly appointed guardian, committee or other authorized representative of such Participant
or Beneficiary. The Company shall have the right to make payment directly to a Participant or Beneficiary until it has received actual notice of the physical or mental incapacity of such Participant or Beneficiary and actual notice of the
appointment of a duly authorized representative of his or her estate. Any payment to or for the benefit of a Participant or Beneficiary shall be a complete discharge of all liability of the Company therefor. 
 13.6 Authority to Establish a Trust. The Company shall have the right at any time to establish a trust to which the Company may transfer from time to time
certain assets to be used by the trustee of such trust to satisfy some or all of the Company’s obligations and liabilities under the Plan. All assets held by such trust shall be subject to the claims of the Company’s creditors in the event
of the Company’s Insolvency (as defined herein). The Company shall be considered Insolvent for purposes of said trust if: (a) the Company is unable to pay its debts as they become due; or (b) the Company is subject to a pending
proceeding as a debtor under the United States Bankruptcy Act. 
 13.7 Binding Effect. Obligations incurred by the Company pursuant to this
Plan shall be binding upon and inure to the benefit of the Company, its successors and assigns, and the Participant, his or her Beneficiaries, personal representatives, heirs, and legatees. 
 13.8 Entire Plan. This document and any amendments hereto contain all the terms and provisions of the Plan and shall constitute the entire Plan, any other
alleged terms or provisions being of no effect. 
 13.9 Merger, Consolidation or Acquisition. In the event of a merger or consolidation of the
Company with another corporation or entity, or the sale or lease of all or substantially all of the Company’s assets to another corporation or entity, or the acquiring of another corporation or entity of a right to elect at least 30% of the
Board, then and in such event the obligation and responsibilities of the Company under this Plan shall be assumed by any such successor or acquiring corporation or entity, and all of the rights, privileges and benefits of the Participants hereunder
shall continue. 
  

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 Section 14 - Construction 
 14.1 Construction of this Plan. This Plan is intended to comply with the requirements of section 409A of the Code and shall be construed and interpreted in accordance therewith in order to avoid the
imposition of additional tax thereunder. This Plan shall otherwise be construed and enforced according to the laws of the Commonwealth of Pennsylvania, other than its laws respecting choice of law. 
 14.2 Enforceability. If any term or condition of this Plan shall be invalid or unenforceable to any extent or in any application, then the remainder of the
Plan, and such term or condition except to such extent or in such application, shall not be affected thereby, and each and every term and condition of the Plan shall be valid and enforced to the fullest extent and in the broadest application
permitted by law. 
 14.3 Number. Wherever any words are used herein in the singular or plural form, they shall be construed as though they
were also used in the other form in all cases where they would so apply. 
 14.4 Headings. The headings and subheadings of this Plan have been
inserted for convenience of reference and are to be ignored in any construction of the provisions hereof. 
 14.5 Uniformity. All provisions of
this Plan shall be interpreted and applied in a uniform, nondiscriminatory manner. In the event of any conflict between the terms of this Plan and any summaries or other descriptions of this Plan, the Plan provisions shall control. 
 IN WITNESS WHEREOF, the Company has caused this Plan to be executed in its name and behalf this 19
th day of November, 2008. 
  

			
	QUAKER CHEMICAL CORPORATION
		
	By:	 	/s/ D. Jeffry Benoliel
	Name:	 	D. Jeffry Benoliel
	Title:	 	 VP-Global Strategy, General Counsel &
 Corporate Secretary

  

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