Document:

ACAS 10K 12.31.14 EX10.14

Exhibit 10.14

CONTRIBUTION AND MASTER PARTICIPATION AGREEMENT
This Contribution and Master Participation Agreement, dated as of October 30, 2014 (this “Agreement”), is among American Capital, Ltd. (the “Assignor”) and ACAS Funding II, LLC (the “Assignee”) (each a “Party” and together the “Parties”). 
The Assignee is a wholly-owned subsidiary of the Assignor and the Assignor wishes to sell, contribute, transfer and assign to the Assignee, and the Assignee wishes to acquire and assume from the Assignor, all or a portion of the Assignor’s right, title and interest in and to each loan (collectively, the “Fund Investments”), as set forth on Schedule I hereto from time to time.
The Assignee is party to that certain Credit Agreement dated as of the date hereof, among the Assignee, Deutsche Bank AG, New York Branch, as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and the lenders from time to time party thereto (as amended, supplemented, restated, amended and restated or otherwise modified from time to time, the “Credit Agreement”).  Capitalized terms used herein but not otherwise defined shall have the meanings given to such terms in the Credit Agreement.
In consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, including the benefits obtained by the Assignor and Assignee on account of the Assignee’s entry into the Credit Agreement, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties hereby agree as follows:
1.    Sale and Contribution of the Assigned Interests.
(a)    In the case of each Fund Investment added to Schedule I pursuant to Section 1(d), the Assignor hereby absolutely and irrevocably sells, contributes, transfers, assigns, sets over and otherwise conveys to the Assignee, and the Assignee hereby accepts, acquires and assumes from the Assignor, as a contribution of assets to the Assignee, all of the Assignor’s present and future right, title and interest (such right, title and interest of the Assignor is hereinafter referred to as the “Assigned Interests”) in and to: 
		
	(i)
	each Fund Investment; and 

		
	(ii)
	to the extent related thereto, 

(A)    the relevant credit documents, promissory notes, guarantees and other supporting obligations, security agreements and any other agreement, document or instrument pursuant to which the Assignor originated or acquired any Fund Investment or any rights or assets related thereto, as well as any intercreditor, subordination, participation or assignment agreements or any similar agreements related thereto (including, but not limited to, any transfer agreements 

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under which the Assignor and any other parties or entities acquired the rights and obligations underlying or constituting a part of the Fund Investment) (collectively, the “Loan Documents”);
(B)    all security interests, liens, guaranties, warranties, letters of credit, accounts, securities accounts, deposit accounts or other bank accounts, mortgages or other encumbrances and property subject thereto from time to time purporting to secure payment of the Fund Investments together with all UCC financing statements or similar filings relating thereto;

(C)    any and all claims (including “claims” as defined in paragraph 101(5) of the Bankruptcy Code of the United States), suits, rights or causes of action the Assignor now has or hereafter acquires against any person or entity (including, without limitation, any attorney, accountant, broker or investment banker), whether known or unknown, against the related obligors under the Fund Investments, or any of their respective Affiliates, agents, representatives, contractors, advisors or any other Person that in any way is based upon, arises out of or is related to any of the foregoing, including, to the extent permitted to be assigned under law, all claims (including contract claims, tort claims, malpractice claims and claims under any law governing the purchase and sale of, or indentures for, securities), suits, causes of action and any other right of the Assignor (whether individual or collective);

(D)    any property, whether real or personal, tangible or intangible, of whatever kind and wherever located, whether or not owned or hereafter acquired or created, in which a mortgage, security interest or other lien has been, or has purported to have been, granted to or for the benefit of the relevant lenders (as such term is defined under the relevant Loan Documents, “Lenders” or a “Lender”), as the case may be, under or in connection with the Loan Documents; and

(E)    all (or the relevant portion of any) payments, setoffs and recoupments, received or effected by or for the account of the Assignor under the Fund Investments (whether for principal, interest, fees, reimbursement obligations or otherwise) after the related settlement date, including all distributions obtained by or through redemption consummation of a plan of reorganization, restructuring, liquidation, or otherwise of any related obligor or the related Loan Documents, and all cash, securities, interest, dividends, and other property that may be exchanged for, or distributed or collected with respect to, any of the foregoing, including unpaid payments of principal and all (or the relevant portion of) accrued but unpaid interest, fees and other sums and all (or the relevant portion of) such amounts accruing on and after the relevant Purchase Date, in each case with respect to each Fund Investment.

(b)    The failure of the Assignor and the Assignee to effect the assignment of any Fund Investment as of the Purchase Date pursuant to the applicable underlying instruments shall not limit or otherwise affect the validity and enforceability of the sale to the Assignee of the Fund Investments included in the Assigned Interests.
(c)    The purchase price (the “Purchase Price”) for each Assigned Interest (and, pending the effectiveness of the assignment, the related Participation) sold to the Assignee by Assignor under this Agreement shall be an amount equal to the fair market value thereof, which 

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may be the actual accreted cost of such Assigned Interest on the books and records of the Assignee.  The aggregate Purchase Price for each Assigned Interest (and, pending the effectiveness of the assignment, the related Participation) sold by any Assignor to the Assignee shall be paid in cash to the Assignor by wire transfer to an account designated by the Assignor, from time to time, on the Purchase Date for such Assigned Interest.  The Assignor may elect in connection with such Purchase Date to have such Purchase Price (or portion thereof) paid by means of a capital contribution by the Assignor to the Assignee which election shall be automatic if the Assignee does not have sufficient funds to pay the full amount of such Purchase Price in cash.  Notwithstanding the foregoing, the Assignee may elect at any time to designate any transfer of Assigned Interest as a contribution.
(d)    With respect to each Fund Investment sold hereunder, (i) if the Assignor and the Assignee have executed and delivered a trade confirmation or other similar binding agreement of sale by the Assignor to the Assignee customary for transactions of this type prior to the related Purchase Date (the date on which the agreement for sale of such Fund Investment was entered into, each, a “Trade Date”), the Assignee shall deliver all documents and notices as required under the Credit Agreement and (ii) the Assignor and the Assignee shall have executed and delivered to the applicable administrative agent for such Fund Investment on or prior to the settlement date for the sale of such Fund Investment (each, a “Purchase Date”) a written assignment, in the form required under the underlying instrument, and shall have requested all applicable consents to such assignment and delivered a copy thereof to the Administrative Agent.  From and after each Purchase Date, the applicable section of Schedule I hereto shall be amended by the Assignor and the Assignee to include the new Fund Investment or Fund Investments acquired on such Purchase Date, and such Fund Investment or Fund Investments shall constitute part of the Assigned Interests hereunder.
(e)    It is the express intention of the Parties that the conveyance of the Assigned Interests from the Assignor to the Assignee as a sale and contribution of assets to the Assignee as provided herein shall constitute an absolute and irrevocable transfer conveying good title, free and clear of any lien and that the Assigned Interests shall not be part of the bankruptcy estate of the Assignor under Section 541 of the U.S. Bankruptcy Code or subject to the automatic stay under Section 362 of the U.S. Bankruptcy Code in the event of the filing of a bankruptcy petition by or against the Assignor under the U.S. Bankruptcy Code or any other bankruptcy or similar law.  It is not the intention of the Parties that the contribution and conveyance of the Assigned Interests be deemed a pledge of such Assigned Interests by the Assignor to the Assignee or any assignee of the Assignee to secure a debt or other obligation of the Assignor.  The Parties agree that, upon execution of this Agreement and the contribution and conveyance of the Assigned Interests by the Assignor to the Assignee, the Assigned Interests are not intended to and will not be part of the Assignor’s estate in the event of a filing of a bankruptcy petition or other action by or against the Assignor under the U.S. Bankruptcy Code or any other applicable bankruptcy or insolvency statutes.
(f)    In no event shall such assignment from the Assignor to the Assignee be intended to be a loan or the grant of a security interest to secure a borrowing.  In the event, however, that notwithstanding such express intent and agreement by the Parties, the contribution, assignment and conveyance hereunder is determined not to be an absolute transfer and true contribution of the Assigned Interests, the Assignor hereby grants to the Assignee a perfected first priority security interest in the Assigned Interests and all income from and proceeds thereof, and (i) this Agreement 

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shall be deemed to be a “security agreement” within the meaning of Article 9 of the UCC; (ii) the transfer of such Assigned Interests provided for in this Agreement shall be deemed to be a grant by the Assignor to the Assignee of a first priority security interest  in all of the Assignor’s right, title and interest in and to such Assigned Interests to secure all obligations of the Assignor hereunder; (iii) the possession by the Assignee (or the Collateral Administrator, for the benefit of the Assignee and the Lenders) of Assigned Interests and such other items of property as constitute instruments, money, negotiable documents or chattel paper shall be, subject to clause (iv), deemed to be possession for purposes of perfecting the security interest pursuant to the UCC; and (iv) acknowledgements from Persons holding such property shall be deemed acknowledgements from custodians, bailees or agents (as applicable) of the Assignee for the purpose of perfecting such security interest under applicable law.   The Assignee shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Assigned Interests, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement.   If this Agreement were deemed to create a security interest in the Assigned Interests, the Assignee shall have, in addition to the rights and remedies which it may have under this Agreement, all other rights and remedies provided to a secured creditor under the UCC and other applicable law, which rights and remedies shall be cumulative.
(g)    The Assignor, by execution and delivery of this Agreement, authorizes the Assignee to file Uniform Commercial Code (“UCC”) financing statements naming the Assignor as debtor and the Assignee as secured party in each jurisdiction that the Assignee deems necessary in order to protect its security interests in the Assigned Interests, and in such manner and in such jurisdictions as are necessary or advisable to evidence the sale of such Assigned Interests and to perfect, and maintain the perfection of, the sale of such Assigned Interests from the Assignor to the Assignee (or the Administrative Agent as assignee of the Assignee) on and after the applicable Purchase Date. In connection with the sale of any Assigned Interests, the Assignor hereby authorizes the Assignee (or the Administrative Agent as assignee of the Assignee), and the Assignee (or the Administrative Agent as assignee of the Assignee) agrees to record and file, at its own expense, any financing statements and assignments of financing statements (and continuation statements with respect to such financing statements when applicable), as the case may be, with respect to such Assigned Interests, meeting the requirements of applicable law.
(h)    As expressly stated herein, the Parties intend the transactions hereunder to constitute a true sale or contribution of the Assigned Interests by the Assignor to the Assignee, providing the Assignee with the full risks and benefits of ownership of the Assigned Interests.
(i)    The Assignee shall be entitled to all payments of principal, interest, fees and other sums relating to the Assigned Interests accruing or received on or after the relevant Purchase Date.  The Assignor shall hold in trust for the Assignee, and shall promptly remit to the Assignee, any payments on the Assigned Interests received by the Assignor that belong to the Assignee under the terms of this Agreement.  The Assignee shall hold in trust for the Assignor and shall promptly remit to the Assignor, any payments received by the Assignee on the Fund Investments that are not Assigned Interests and that belong to the Assignor.

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(j)    Notwithstanding anything herein to the contrary, the Parties hereto agree that all Fund Investments acquired by or contributed to the Assignee hereunder must be made in accordance with the Credit Documents and the Collateral Transaction Procedures.  Furthermore, to the extent that the Administrative Agent notifies the Assignee that any Fund Investment is trading in the loan market as a “distressed loan investment,” but the Fund Investment was not acquired by or contributed to the Assignee using a Purchase and Sale Agreement for Distressed Trades in substantially the form as most recently promulgated by The Loan Syndications and Trading Association, Inc. (the “LSTA”) then, in addition to any transfer documentation to be entered into by the Parties pursuant to Section 1(d) above, the Parties will enter into, in respect of the transaction, a Purchase and Sale Agreement for Distressed Trades dated as of the Purchase Date in substantially the form as most recently promulgated by the LSTA.
2.    Representations and Warranties and Covenants by the Assignor and the Assignee.
The representations in this Section 2 are hereby made by the applicable Party to the other Party on and as of each applicable Trade Date and each applicable Purchase Date solely in respect of the sale or transfer of the related Assigned Interests on such date.
(a)    Assignor Representations and Warranties.  The Assignor (i) represents and warrants to the Assignee, (A) the Assignor is the sole legal and beneficial owner of the Assigned Interests being contributed, assigned and transferred by it hereunder to the Assignee, (B) the Assignor has good and marketable title, free and clear of any lien, security interest, charge or adverse claim (as defined in Section 8-102 of the UCC), to the Assigned Interests, (C) the Assignor has not conveyed any interest in the Assigned Interests to any other person or entity, and (D) the Assignee shall acquire from the Assignor the Assigned Interests and good and marketable title thereto, free and clear of any lien, security interest or adverse claim (as defined in Section 8-102 of the UCC); (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Loan Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or security interest created or purported to be created in connection with, the Loan Documents or any other instrument or document furnished pursuant thereto; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any obligor in respect of any Fund Investment or the performance or observance by such obligor of any of its obligations under any Credit Document or any other instrument or document furnished pursuant thereto; and (iv) represents and warrants to the Assignee and its assignees that (A) the Assignor is not insolvent and is not the subject of any insolvency, bankruptcy, reorganization, arrangement or other similar proceedings or general assignment for the benefit of its creditors, and (B) the sale, contribution, transfer and assignment of the Assigned Interests contemplated by Section 1 of this Agreement has been treated in all respects as a true sale or contribution and transfer of title and economic interest on the financial statements, books and records of the Assignor, and the Assigned Interests have been removed from, and are not shown as an asset on, the financial statements, books and records of the Assignor (except that the Assigned Interests may be included on the consolidated financial statements of the Assignor).  The Assignor further represents and warrants that there is no litigation, proceeding or investigation pending or, to the knowledge of the 

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Assignor, threatened against the Assignor, before any Governmental Authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or (iii) seeking any determination or ruling that would reasonably be expected to have a material adverse effect on the Assigned Interests or the ability of the Assignor to perform its obligations under this Agreement.
(b)    Assignee Representations and Warranties.  The Assignee hereby confirms and agrees that (i) it has received a copy of the Loan Documents, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (ii) it will, independently and without reliance upon the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under any Credit Document; and (iii) it will perform in accordance with their terms all of the obligations that by the terms of any Credit Document are required to be performed by it as a Lender with respect to any Assigned Interests.
(c)    Organization.  Each Party represents and warrants that it has been duly incorporated or formed, and is validly existing as a corporation, limited partnership, limited liability company or exempted company incorporated with limited liability under the laws of the jurisdiction of its incorporation or formation, as the case may be, with all requisite power and authority to own or lease its properties and conduct its business as such business is presently conducted, and had at all relevant times, and now has all corporate or limited liability company power and authority to acquire, own and sell the Assigned Interests.
(d)    Due Qualification and Good Standing.  Each Party represents and warrants that it is duly qualified to do business and is in good standing as a corporation, limited partnership, limited liability company or exempted company organized with limited liability, as the case may be, and has obtained all necessary qualifications, licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business requires such qualifications, licenses or approvals, except where the failure to receive such qualifications licenses and approvals or be in good standing would not be reasonably expected to result in a material adverse effect on the Assigned Interests or the ability of the Assignor to perform its obligations under this Agreement.
(e)    Power and Authority; Due Authorization; Execution and Delivery.  Each Party hereby represents and warrants to the other Party that it has full power and authority to enter into this Agreement and to perform its obligations under this Agreement in accordance with the provisions of this Agreement, that this Agreement has been duly authorized, executed and delivered by such Party and that this Agreement constitutes a legal, valid and binding obligation of such Party, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, moratorium or other similar laws affecting creditors’ rights generally and by general equitable principles.
(f)    No Violation.  Each Party represents and warrants to the other Party that the execution, delivery and performance by it of this Agreement do not and will not (a) violate any law or regulation of the jurisdiction of its organization or any other law or regulation applicable to it in any material respect, (b) constitute (with or without notice or lapse of time or both) a default under 

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the Assignor’s Organizational Documents or any material Contractual Obligation of the Assignor, or (c) result in the creation or imposition of any lien upon any of the Assignor’s properties pursuant to the terms of any material Contractual Obligation, other than this Agreement or Permitted Liens (other than clause (iv) thereof). 
(g)    Consents.  Each Party represents and warrants to the other Party that all consents, licenses, approvals, authorizations, exemptions, registrations, filings, opinions and declarations from or with any agency, department, administrative authority, statutory corporation, third party or judicial entity necessary for the validity or enforceability of its obligations under this Agreement have been obtained, and no governmental or third party authorizations other than any already obtained are required in connection with its execution, delivery and performance of this Agreement except those which would not be reasonably expected to have a material adverse effect on the financial or operational conditions of the relevant Party, or the enforceability of its obligations hereunder.
(h)    No Inconsistent Actions; Third Party Inquiries.  The Assignor agrees that, upon and after the sale or contribution of the Assigned Interests to the Assignee in accordance with the terms hereunder, (i) it will not take any action that is inconsistent with the Assignee’s ownership of the Assigned Interests and (ii) if a third party makes any inquiry regarding the Assigned Interests, it will promptly indicate that the Assigned Interests have been contributed and transferred to the Assignee.
(i)    Value Given.  Each Party represents to the other Party that the Assignee has given reasonably equivalent value as consideration for the transfer to the Assignee of the Assigned Interests as contemplated by this Agreement, no such transfer has been made for or on account of an antecedent debt owed by the Assignor to the Assignee, and no such transfer is or may be voidable or subject to avoidance as to the Assignor under any section of the U.S. Bankruptcy Code.
(j)    No Conditions or Restrictions.  The Assignor represents that each Assigned Interest is not subject to any condition to or restriction on the ability of the holder thereof to sell, pledge, assign, or otherwise transfer such Assigned Interest or to exercise or enforce the provisions thereof or of any document related thereto whether set forth in such Assigned Interest itself or in any document related thereto, other than borrower or agent consents on customary terms (including without limitation that borrower consent may be unnecessary when certain events of default exist under the related loan documents), disqualified lender lists, and other restrictions on the ability to transfer or pledge customarily in syndicated loan transactions.
(k)    Location of Offices.  The Assignor represents that Assignor’s location (within the meaning of Article 9 of the UCC) is set forth opposite the Assignor’s name on Schedule II hereto, as may be supplemented from time to time.  The Assignor has not changed its name (whether by amendment of its certificate of formation, by reorganization or otherwise) or its jurisdiction of organization and has not changed its location for purposes of the UCC within the four months preceding such Purchase Date.
(l)    Affiliates.  The Assignor represents that prior to the sale by the Assignor of any Assigned Interests hereunder (or the contribution of any loan, bond or security by Assignor to 

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the Assignee), if such loan, bond or security was obtained by the Assignor from an Affiliate of the Assignor, such loan, bond or security was obtained on an arm’s length basis and in compliance with any applicable restrictions applicable to transactions between the Assignor and its Affiliates under the Investment Company Act of 1940, as amended, or the rules and regulations thereunder.
3.    Covenants of Assignor
From the date hereof until the Release Conditions (as defined in the Security Agreement) have been satisfied, the Assignor hereby covenants and agrees as follows:
(a)    Protection of Interest in Assigned Interests; Further Assurances.  The Assignor hereby authorizes the Assignee, and shall take reasonable efforts to assist the Assignee, to (i) take all action necessary to perfect, protect and more fully evidence the Assignee’s ownership of the Assigned Interests free and clear of any Lien other than Permitted Liens or in favor of the Assignee, including, without limitation, maintaining effective financing statements in all necessary or appropriate filing offices (including any amendments thereto or assignments thereof), (ii) execute or cause to be executed such other instruments, documents or notices as may be necessary or appropriate to perfect, protect or more fully evidence the purchase of the Assigned Interests hereunder, or to enable the Assignee or the Manager, on behalf of the Assignee, to exercise and enforce their rights and remedies in respect of any Assigned Interests, and (iii) take all additional action that the Assignee may reasonably request to perfect, protect and more fully evidence the Assignee’s ownership of the Assigned Interests.
(b)    Collections.  If the Assignor receives any Collections, then it shall receive such Collections in trust for the Assignee and deliver the same to or at the direction of the Assignee promptly (but in no event later than two (2) Business Days after receipt) in the same form as received with such endorsement as requested by the Assignee.  After the effectiveness of the assignment of any related Participations, the Assignor shall not deposit any Collections into its own accounts or otherwise commingle any Collections with its own assets.  For this purposes of this Agreement, “Collections” mean all funds and property received on and after the related Purchase Date in respect of the Assigned Interests sold hereunder, including (i) all proceeds received from the disposition of any Assigned Interest (excluding the disposition of the Assigned Interests hereunder) and (ii) all interest proceeds and principal proceeds in respect of any Assigned Interest.
(c)    Separate Identity.  The Assignor acknowledges that Administrative Agent and the Lenders are entering into the transactions contemplated by this Agreement, the Credit Agreement and the other Credit Documents in reliance upon the identity of the Assignee as a legal entity that is separate from the Assignor and each other Affiliate of the Assignor.  Therefore, from and after the date of execution and delivery of this Agreement, the Assignor will take all reasonable steps including, without limitation, all steps that the Assignee and the Manager may from time to time reasonably request to maintain the identity of the Assignee as a legal entity that is separate from the Assignor and each other Affiliate of the Assignor, and to make it manifest to third parties that the Assignee is an entity with assets and liabilities distinct from those of the Assignor and each other Affiliate thereof and not just a division of the Assignor or any such other Affiliate.  Without limiting the generality of the foregoing and in addition to the other covenants set forth herein, the 

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Assignor acknowledges the Assignee’s obligations under the Credit Agreement and represents, warrants and agrees that:
(i)    the Assignor has maintained and shall maintain corporate records and books of account separate from those of the Assignee;

(ii)    the Assignor has maintained and shall maintain an arm’s-length relationship with the Assignee and has not nor will it hold itself out as being liable for the debts or obligations of the Assignee;

(iii)    the Assignor has kept and shall keep its assets and its liabilities wholly separate from those of the Assignee;

(iv)    the Assignor has avoided and will avoid the appearance, and has promptly corrected and will promptly correct any known misperception of any of the Assignor’s creditors, that the assets of the Assignee are available to pay the obligations and debts of the Assignor; and

(v)    the Assignor has taken or refrained from taking, as applicable, each of the activities specified in the “non-consolidation” and “true sale” opinions of Winston & Strawn LLP, dated as of the date hereof, upon which the conclusions expressed therein are based.

4.    Actions Pending Completion of Assignments of Assigned Interests.
(a)    If so agreed between the Assignee and the Assignor, but subject to any prohibitions and restrictions pursuant to the terms of the underlying instruments, the Assignor  and Assignee may elect to have the Assigned Interest transferred to the Assignee by selling or contributing to the Assignee a 100% participation in such Fund Investments and the related Assigned Interests (each, a “Participation”).  Any Participation shall (i) automatically be deemed to be made with the same representations, warranties and covenants as any other sale, assignment or contribution hereunder (except as to title), (ii) shall constitute an absolute sale or contribution of each such Participation (including the Collections), (iii) represent an undivided participating interest in 100% of the underlying Fund Investment and its proceeds (including Collections), and (iv) divest the Assignor of any and all beneficial interest in the subject Participation and Fund Investment (including the Collections).  For the avoidance of doubt, each Participation will terminate automatically upon the settlement of the assignment of the underlying Assigned Interests.
(b)    On or promptly after the applicable Purchase Date, the Assignor shall direct the underlying administrative agent for each Assigned Interest to remit all Collections in respect of such Assigned Interest that are due and payable on or after the applicable Purchase Date to the Collateral Account.
(c)    Each Party shall use commercially reasonable efforts to, as soon as reasonably practicable after the Trade Date therefor, cause the Assignee to become a lender under the underlying instrument with respect to the Assignor’s interest in the applicable Assigned Interest (an “Elevation”) 

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and take such action as shall be mutually agreeable in connection therewith and in accordance with the terms and conditions of the underlying instrument and consistent with the terms of this Agreement.
(d)    Pending settlement of the assignment of an Assigned Interest in accordance with the applicable underlying instruments, the Assignor shall comply with any written instructions provided to the Assignor by or on behalf of the Assignee with respect to voting rights to be exercised by holders of the applicable Assigned Interest, other than with respect to any voting rights that are not permitted to be participated pursuant to the terms of the applicable underlying instrument (and such restrictions, requirements or prohibitions are hereby incorporated by reference as if set forth herein).
(e)    To the extent the Parties plan to settle the sale of any Fund Investment as a Participation pursuant to Section 4(a) above, the Administrative Agent may notify the Parties that such Fund Investment is trading on the loan market as a “distressed loan investment”, and in such case the Parties will enter into, as of the Purchase Date, in respect of the transaction, a Participation Agreement for Distressed Trades in substantially the form as most recently promulgated by the LSTA.  If, however, (i) the Administrative Agent does not so provide notification of such Fund Investment as a “distressed fund investment” and (ii) the Elevation of the Fund Investment does not occur within thirty (30) Business Days of the relevant Purchase Date, then  the parties shall, in respect of the transaction, enter into a Participation Agreement for Par/Near Par Trades in substantially the form as most recently promulgated by the LSTA.  For avoidance of doubt, in either form of LSTA participation agreement referred to in this Section 4(e), the Parties shall elect “Yes” for “Elevation” in the relevant Transaction Summary and the Assignee shall have customary “majority” voting rights.
5.    Limitations of Repurchase.
(a)    The sum of (i) the outstanding principal balances of all Impaired Fund Investments previously conveyed by the Assignor (or any Relevant Affiliate) hereunder that have been re-acquired by the Assignor (or any Relevant Affiliate) during the 12 month period preceding the proposed date of re-acquisition (or such lesser number of months as shall have elapsed since the Closing Date as of such date) plus (ii) the aggregate outstanding principal balances of all Impaired Fund Investments purchased by an Affiliate of the Assignee that were previously conveyed by the Assignor (or any Relevant Affiliate) hereunder during such period shall not exceed an amount equal to 10% of the highest outstanding principal balances of all Fund Investments sold by the Assignor (or any Relevant Affiliate) to the Assignee during the 12 month period preceding the proposed date of acquisition (or such lesser number of months as shall have elapsed since the Closing Date as of such date).
(b)    The sum of (i) the outstanding principal balances of all Fund Investments (whether or not Impaired Fund Investments) previously conveyed by the Assignor (or any Relevant Affiliate) hereunder that have been re-acquired by the Assignor (or any Relevant Affiliate) during the 12 month period preceding the proposed date of re-acquisition (or such lesser number of months as shall have elapsed since the Closing Date as of such date) plus (ii) the aggregate outstanding principal balances of all Fund Investments (whether or not Impaired Fund Investments) purchased 

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by an Affiliate of the Assignee that were previously conveyed by the Assignor (or any Relevant Affiliate) hereunder during such period shall not exceed an amount equal to 20% of the highest outstanding principal balances of all Fund Investments sold by the Assignor (or any Relevant Affiliate) to the Assignee during the 12 month period preceding the proposed date of acquisition (or such lesser number of months as shall have elapsed since the Closing Date as of such date).
“Impaired Fund Investments” means Fund Investments that are Defaulted Fund Investments, experienced a material diminution in creditworthiness following acquisition by the Assignee hereunder, or are otherwise sold for credit-related reasons.
“Relevant Affiliate” means an Affiliate of the Assignee other than a Person which is an Affiliate solely because such Person is a fund or other entity managed by the Manager or its Affiliates.
Notwithstanding the above, any sale from the Assignee back to the Assignor is subject to the terms of the Credit Agreement.
6.    Miscellaneous.
(a)    Party to Loan Documents.  Subject to the terms of the Loan Documents, upon consummation of the sale, contribution and transfer of the Assigned Interests, (i) the Assignee shall, as to each Assigned Interest, be a party to the relevant Loan Documents and, to the extent provided in this Agreement and the relevant Loan Documents, have the rights and obligations of a Lender thereunder, and (ii) the Assignor shall, to the extent provided in this Agreement and the relevant Loan Documents, relinquish its rights and be released from its obligations, as to each Assigned Interest, under the Loan Documents.  
(b)    Notices.  All notices and other communications in respect of this Agreement (including, without limitation, any modifications of, or requests, waivers or consents under, this Agreement) shall be given or made in writing (including, without limitation, by telecopy) at its “Address for Notices” specified below its name on Schedule III hereto; or, as to the Assignor or the Assignee, at such other address as shall be designated by such Party in a notice to the other Parties.  Except as otherwise provided in this Agreement, all such communications shall be deemed to have been duly given when transmitted by telecopier, electronic mail or personally delivered or, in the case of a mailed notice, upon receipt, in each case given or addressed as aforesaid.
(c)    Binding Effect; Successors and Assigns.  This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective successors and assigns. 
(d)    Further Assurances.  Each Party agrees to execute and deliver, or to cause to be executed and delivered, all such instruments, and to take all such action as any other Party may reasonably request in order to effectuate the intent and purposes of, and to carry out the terms of, this Agreement.
(e)    Captions and Headings.  The captions and headings in this Agreement are for convenience only and are not intended to be full or accurate descriptions of the contents thereof.  

11

They shall not be deemed to be part of this Agreement and in no way define, limit, extend or describe the scope or intent of any provisions hereof.
(f)    Severability.  If any provision of this Agreement or any other agreement or document delivered in connection with this Agreement, if any, is partially or completely invalid or unenforceable in any jurisdiction, then that provision shall be ineffective in that jurisdiction to the extent of its invalidity or unenforceability, but the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, all of which shall be construed and enforced as if that invalid or unenforceable provision were omitted, nor shall the invalidity or unenforceability of that provision in one jurisdiction affect its validity or enforceability in any other jurisdiction.
(g)    Submission to Jurisdiction.  With respect to any suit, action or proceeding relating to this Agreement (“Proceedings”), each Party irrevocably (i) submits to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City and (ii) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such proceedings, that such court does not have any jurisdiction over such Party.  Nothing in this Agreement precludes any Party from bringing Proceedings in any other jurisdiction, nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction.
(h)    Waiver of Setoff.  The Assignor hereby waives any right of setoff or other claim it may have or to which it may be entitled under this Agreement from time to time against the Assignee or any assignee of the Assignor or the Assignee, or any of their assets.
(i)    Assignments.  Notwithstanding anything to the contrary contained herein, this Agreement may not be assigned by the Assignee or any Assignor without the other’s prior written consent; provided that the Assignor acknowledges that the Assignee has pledged its interest in this Agreement and in the Assigned Interests to the Administrative Agent, for the benefit of the Lenders, pursuant to the Security Agreement.  
(j)    WAIVER OF JURY TRIAL.  EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF, RELATING TO OR IN CONNECTION WITH THIS ASSIGNMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
(k)    Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.
(l)    No-Petition Covenant.  The Assignor hereby agrees not to commence, or join in the commencement of, any proceedings in any jurisdiction for the bankruptcy, winding-up or liquidation of the Assignee or any similar proceedings, in each case prior to the date that is one year and one day (or if longer, any applicable preference period plus one day) after the payment in full 

12

of all amounts owing to the parties under the Credit Agreement.  The foregoing restrictions are a material inducement for the parties hereto to enter into this Agreement and are an essential term of this Agreement.
(m)    Counterpart Execution.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
(n)    Amendments.  Schedule I hereto may be updated to add additional Fund Investments thereto from time to time by the Parties subject to the terms and conditions of this Agreement.  No other amendment, waiver or other modification of any provision of this Agreement shall be effective without the written agreement of the Assignee and the Assignor and, to the extent required pursuant to the Credit Agreement, with the prior consent of the Administrative Agent and Required Lenders in writing.  Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.
(o)    No Conflict.  To the extent of any express conflict between this Agreement and the Credit Documents, the Credit Documents shall control.  Nothing herein shall, nor do the parties hereto intend to, modify, alter or amend the Credit Documents or any rights or remedies thereunder.  
(p)    Third Party Beneficiaries. The Parties agree that the Administrative Agent and the Lenders are intended third party beneficiaries of this Agreement.
 
[signature page follows]

13

IN WITNESS WHEREOF, the Parties have duly executed and delivered this Agreement as of the date first above written.
AMERICAN CAPITAL, LTD.

 
By /s/ Samuel A. Flax                
Name: Samuel A. Flax
Title: Executive Vice President, General Counsel and Secretary

ACAS FUNDING II, LLC
By:  American Capital Leveraged Finance Management, LLC, its designated manager

 
By /s/ Samuel A. Flax                
Name: Samuel A. Flax
Title: Executive Vice President and Secretary

 

[Signature Page to Contribution and Master Participation Agreement]

SCHEDULE I
Fund Investments 
None

SCHEDULE II
Location of Assignor
Delaware

SCHEDULE III
Notice Addresses

ACAS Funding II, LLC
2 Bethesda Metro Center, 12th Floor
Bethesda, MD 20814
T: 
F: 
Attn: Secretary

    with a copy to:
    

American Capital, Ltd.
2 Bethesda Metro Center, 12th Floor
Bethesda, MD 20814
T: 
F: 
Attn: SecretaryEX-10.1

 Exihibit 10.1 

EVERYWARE GLOBAL, INC. 

EMPLOYMENT AGREEMENT 

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of February 27, 2015, and effective April 1, 2015 between
EveryWare Global, Inc. a Delaware corporation (the “Company”), and Robert M. Ginnan (the “Executive”). 

W I T N E S S E T H 

WHEREAS, the Company and Executive desire to enter into this Agreement as to the terms of Executive’s continued employment with
the Company. 
 NOW, THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1.
POSITION AND DUTIES. 
 (a) Executive shall serve as the Senior Vice President and Chief Financial Officer of the Company. In
this capacity, Executive shall have the duties, authorities and responsibilities as are reasonably associated with the position of Senior Vice President and Chief Financial Officer and shall report directly to the Chief Executive Officer of the
Company (the “CEO”) and the Board of Directors of the Company (the “Board”). 
 (b) Executive shall
devote all of Executive’s business time, energy, business judgment, knowledge and skill and Executive’s best efforts to the performance of Executive’s duties with the Company, and Executive shall comply with all applicable Company
policies. 
 2. BASE SALARY. The Company agrees to pay Executive a base salary at an annual rate of not less than $420,000, payable
in accordance with the regular payroll practices of the Company, but in no event less frequently than monthly, effective as of the Effective Date. Executive’s base salary shall be subject to annual review by the Board (or a committee thereof),
and may be adjusted from time to time upon recommendation by the CEO and approved by the Board, but may not be reduced below $420,000. The base salary as determined herein and adjusted from time to time shall constitute “Base
Salary” for purposes of this Agreement. 
 3. ANNUAL BONUS. Executive will be eligible for an annual bonus based on
performance metrics determined on an annual basis by the Board, consistent with the applicable Company bonus plan applicable to its senior executive officers (the “Annual Bonus”). Executive’s target Annual Bonus will be 75% of
Base Salary, and the Annual Bonus payout range will be between 0% and 150% of annual Base Salary. Executive is guaranteed an annual bonus payout of at least 50% of Base Salary during first year of employment payable according to the terms of the
Company’s applicable bonus policy. The Board and CEO, in its sole discretion, may pay up to 50% of the value of the Annual Bonus in restricted shares of the Company that vest over the succeeding two years or, if earlier, upon a change in
control of the Company (as defined in the applicable restricted share grant agreement). In order to receive any Annual Bonus, the Executive must have been continuously employed by the Company or any of its subsidiaries through the date the
applicable Annual Bonus becomes payable. The Annual Bonus, if any, will become payable following completion and review by the Board of the Company’s audited consolidated financial statements for the applicable fiscal year, but in no event later
than March 15 of the calendar year following the calendar year in which or with which the applicable fiscal year ends. The Executive’s Annual Bonus for calendar year 2015 will be prorated for the portion of such year in which the Executive
was providing services under this Agreement and based upon the performance metrics as apply to other senior executive officers, generally. The metrics governing future Annual Bonuses shall be consistent with the Company’s general short-term
incentive program for its senior executive employees. 

 4. EMPLOYEE BENEFITS. 

(a) BENEFIT PLANS. Executive shall be entitled to participate in any employee benefit plan that the Company has adopted or may adopt,
maintain or contribute to for the benefit of its senior executive employees generally, subject to satisfying the applicable eligibility requirements, except to the extent that such plans are duplicative of the benefits otherwise provided for
hereunder; provided, however that Executive shall not participate in the periodic stock or option grants to management employees (other than as provided in Section 4(d) below). Executive’s participation will be subject to the terms of the
applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Company may modify or terminate any employee benefit plan at any time. 

(b) BUSINESS EXPENSES. Upon presentation of reasonable substantiation and documentation as the Company may specify from time to time,
Executive shall be reimbursed in accordance with the Company’s expense reimbursement policy, for all reasonable and ordinary out-of-pocket business expenses incurred and paid by Executive and in connection with the performance of
Executive’s duties hereunder, in accordance with the Company’s policies with regard thereto. 
 (c) VACATION. Executive
shall be entitled to twenty (20) days of paid vacation per calendar year (as prorated for partial years) in accordance with the Company’s policy on accrual and use applicable to employees as in effect from time to time. 

(d) EQUITY PROGRAM. Executive shall be entitled to participate in the Company’s equity program as described on
Exhibit A attached hereto. 
 (e) RELOCATION. The Company shall reimburse Executive for the actual, reasonable,
out-of-pocket expenses that the Executive incurs in connection with the relocation of his household and his family to the Columbus, Ohio area, upon the presentation of reasonable documentation for such expenses, up to a maximum of $75,000. The
Company will provide Executive accommodations in Lancaster, Ohio for up to the first 12 months of employment until he relocates his home to the Columbus, Ohio area. Additionally, the Company will provide Executive and guest two trips of 5 nights
each to the Columbus area to look for a home. 
 If Executive resigns other than for “Good Reason” or is discharged for
“Cause” at any time before April 1, 2016, Executive shall repay the Company for any such relocation expenses advanced to the Executive pursuant to this Section 4(e). 

(f) COMPANY RECOUPMENT OF AWARDS. Executive’s rights with respect to any payment hereunder shall in all events be subject to
(i) any right that the Company may have under any Company recoupment policy or other agreement or arrangement with Executive in writing, or (ii) any right or obligation that the Company may have regarding the clawback of
“incentive-based compensation” under Section 10D of the Exchange Act and any applicable rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission. 

5. TERMINATION. Executive’s employment shall terminate on the first of the following to occur: 

(a) DISABILITY. Upon ten (10) days’ prior written notice by the Company to Executive of termination due to Disability. For
purposes of this Agreement, “Disability” shall mean that Executive, because of accident, disability, or physical or mental illness, is incapable of performing Executive’s duties to the Company or any subsidiary, as determined
by the Board. 
 (b) DEATH. Automatically upon the date of death of Executive. 

(c) CAUSE. Immediately upon written notice by the Company to Executive of a termination for Cause. For purposes of this Agreement,
“Cause” shall mean (i) Executive’s gross misconduct or gross negligence in the performance of Executive’s duties to the Company that has or could reasonably be expected to have an adverse effect on the Company;
(ii) Executive’s willful failure to follow the lawful directives of the Board or CEO (other 

  
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than as a result of death or Disability); (iii) Executive’s indictment for, conviction of, or pleading of guilty or nolo contendere to, a felony or any crime involving moral turpitude;
(iv) Executive’s performance of any act of theft, embezzlement, fraud, malfeasance, dishonesty or misappropriation of the Company’s property; (v) Executive’s willful breach of this Agreement, or any other agreement with the
Company, the Company’s code of conduct or other written policy. The existence of “Cause” hereunder shall be determined by the Board in its good faith discretion. Any determination of Cause by the Company will be made by a resolution
approved by a majority of the members of the Board. 
 (d) WITHOUT CAUSE. Immediately upon written notice by the Company to Executive
of an involuntary termination without Cause (other than for death or Disability). 
 (e) GOOD REASON. Upon written notice by
Executive to the Company of a termination for Good Reason. “Good Reason” means the occurrence of any of the following events, without the express written consent of Executive, unless such events are fully corrected in all material
respects by the Company within thirty (30) days following written notification by Executive to the Company of the occurrence of one of such events: (i) material diminution in Executive’s base salary or target bonus opportunity; or
(ii) material diminution in Executive’s duties, authorities or responsibilities (other than temporarily while physically or mentally incapacitated or as required by applicable law). Executive will provide the Company with a written notice
detailing the specific circumstances alleged to constitute Good Reason within thirty (30) days after the first occurrence of such circumstances, and actually terminate his employment within thirty (30) days following the expiration of the
Company’s thirty (30)-day period described above. Otherwise, any claim of such circumstances as “Good Reason” will be deemed irrevocably waived by Executive. 

(f) WITHOUT GOOD REASON. Upon thirty (30) days’ prior written notice by Executive to the Company of Executive’s
voluntary termination of employment without Good Reason (which the Company may, in its sole discretion, make effective earlier than any notice date). 

6. CONSEQUENCES OF TERMINATION. 

(a) DEATH. In the event that Executive’s employment ends on account of Executive’s death, Executive or Executive’s
estate, as the case may be, shall be entitled to the following (with the amounts due under Sections 6(a)(i) through 6(a)(iii) hereof to be paid within thirty (30) days following termination of employment, or such earlier date
as may be required by applicable law): 
 (i) any unpaid Base Salary through the date of termination; 

(ii) reimbursement for any unreimbursed business expenses incurred through the date of termination; 

(iii) any accrued but unused vacation time in accordance with Company policy; and 

(iv) all other payments, benefits or fringe benefits to which Executive shall be entitled under the terms of any applicable
compensation arrangement or benefit, equity or fringe benefit plan or program or grant, in each case in accordance with their terms (collectively, Sections 6(a)(i) through 6(a)(iv) hereof shall be hereafter referred to as the
“Accrued Benefits”). 
 (b) DISABILITY. In the event that Executive’s employment ends on account of
Executive’s Disability, the Company shall pay or provide Executive with the Accrued Benefits. 
 (c) TERMINATION FOR CAUSE, BY
EXECUTIVE OTHER THAN FOR GOOD REASON. If Executive’s employment is terminated (x) by the Company for Cause, or (y) by Executive other than for Good Reason, then the Company shall pay to Executive the Accrued Benefits following
such termination. 
 (d) TERMINATION WITHOUT CAUSE OR BY EXECUTIVE FOR GOOD REASON PRIOR TO EXECUTIVE OR COMPANY NON-EXTENSION OF THIS
AGREEMENT. If Executive’s employment is terminated (x) by the Company other than for Cause (and other than due to the Executive’s death or Disability) or (y) by Executive for Good Reason, then the Company shall pay or provide
Executive with the following, subject to the provisions of Section 19 hereof: 
 (i) the Accrued Benefits; 

  
 3 

 (ii) subject to Executive’s continued compliance with the obligations in
Sections 7 , 8 and 9 hereof, an amount equal to Executive’s monthly Base Salary rate as in effect on the date of termination, paid in accordance with the Company’s regular payroll processes (but in any event no less
frequently than monthly) for a period of six (6) months following such termination (the “Severance Period”); provided that to the extent that the payment of any amount constitutes “nonqualified deferred
compensation” for purposes of Code Section 409A (as defined in Section 19 hereof), any such payment scheduled to occur during the first sixty (60) days following the termination of employment shall not be paid until the
first regularly scheduled pay period following the sixtieth (60th) day following such termination and shall include payment of any amount that was otherwise scheduled to be paid prior thereto; 

(iii) notwithstanding the foregoing, following the date that the Executive relocates to the greater Columbus, Ohio area, the
Severance Period shall increase to nine (9) months, provided, further, that if such termination also occurs after April 1, 2016, the Severance Period shall increase to twelve (12) months. 

Payments and benefits provided in this Section 6(d) shall be in lieu of any termination or severance payments or benefits for which Executive may
be eligible under any of the plans, policies or programs of the Company or under the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation. 

(e) OTHER OBLIGATIONS. Upon any termination of Executive’s employment with the Company, Executive shall be deemed to have
immediately resigned from any other position as an officer, director or fiduciary of any Company-related entity. 
 (f) EXCLUSIVE
REMEDY. The amounts payable to Executive following termination of employment hereunder pursuant to Section 6 hereof shall be in full and complete satisfaction of Executive’s rights under this Agreement and any other claims that
Executive may have in respect of Executive’s employment with the Company or any of its affiliates, and Executive acknowledges that such amounts are fair and reasonable, and are Executive’s sole and exclusive remedy, in lieu of all other
remedies at law or in equity, with respect to the termination of Executive’s employment hereunder or any breach of this Agreement. 

7. RELEASE. Any and all amounts payable and benefits or additional rights provided pursuant to this Agreement beyond the Accrued
Benefits shall only be payable if Executive delivers to the Company and does not revoke a general release of claims in favor of the Company in the form attached as Exhibit B hereto. Such release must be executed and delivered (and no longer
subject to revocation, if applicable) within sixty (60) days following termination. 
 8. RESTRICTIVE COVENANTS. 

(a) CONFIDENTIALITY. During the course of Executive’s employment with the Company, Executive will have access to Confidential
Information. For purposes of this Agreement, “Confidential Information” means all data, information, ideas, concepts, discoveries, trade secrets, inventions (whether or not patentable or reduced to practice), innovations,
improvements, know-how, developments, techniques, methods, processes, treatments, drawings, sketches, specifications, designs, plans, patterns, models, plans and strategies, and all other confidential or proprietary information or trade secrets in
any form or medium (whether merely remembered or embodied in a tangible or intangible form or medium) whether now or hereafter existing, relating to or arising from the past, current or potential business, activities and/or operations of the Company
or any of its affiliates (or any of their respective predecessors, successors or permitted assigns), including, without limitation, any such information relating to or concerning finances, sales, marketing, advertising, transition, promotions,
pricing, personnel, customers, suppliers, vendors, partners and/or competitors. Executive agrees that Executive shall not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course
of Executive’s assigned duties and for the benefit of the Company, either during the period of Executive’s employment or at any time thereafter, any Confidential Information or other confidential or proprietary information received from
third parties subject to a duty on the Company’s and its subsidiaries’ and affiliates’ part to maintain the confidentiality of such information, and to use such information only for certain limited purposes strictly for the benefit of
the Company or any of its affiliates. The foregoing shall not apply to information that (i) was known to the public prior to its disclosure to Executive; (ii) becomes generally known to the public subsequent to disclosure to

  
 4 

 
Executive through no wrongful act of Executive or any representative or affiliate of Executive; or (iii) Executive is required to disclose by applicable law, regulation or legal process
(provided that Executive provides the Company with prior notice of the contemplated disclosure and cooperates with the Company at its expense in seeking a protective order or other appropriate protection of such information). 

(b) NONCOMPETITION. Executive acknowledges that (i) Executive performs services of a unique nature for the Company that are
irreplaceable, and that Executive’s performance of such services to a competing business will result in irreparable harm to the Company, (ii) Executive has had and will continue to have access to Confidential Information, which, if
disclosed, would unfairly and inappropriately assist in competition against the Company or any of its affiliates, (iii) in the course of Executive’s employment by a competitor, Executive would inevitably use or disclose such Confidential
Information, (iv) the Company and its affiliates have substantial relationships with their customers and Executive has had and will continue to have access to these customers, (v) Executive has received and will receive specialized
training from the Company and its affiliates, and (vi) Executive has generated and will continue to generate goodwill for the Company and its affiliates in the course of Executive’s employment. Accordingly, during Executive’s
employment hereunder and for a period of eighteen (18) months thereafter, Executive agrees that Executive will not, directly or indirectly, own, manage, operate, control, be employed by (whether as an employee, consultant, independent
contractor or otherwise, and whether or not for compensation) or render services to any person, firm, corporation or other entity, in whatever form, engaged in the design, distribution, marketing or manufacturing of tabletop, storage or food
preparation products for the consumer and foodservice markets, with operations in the United States, Canada, Mexico, Latin America, Africa, Europe and Asia, the design, distribution, marketing or manufacturing of bakeware, beverageware, serveware,
storageware, flatware, dinnerware, crystal, buffetware, hollowware, premium spirit bottles, cookware, gadgets, candle, floral glass containers, and other similar houseware or kitchen products, or in any other material business in which the Company
or any of its subsidiaries or affiliates is engaged on the date of termination or in which they have planned, on or prior to such date, to be engaged in on or after such date. Notwithstanding the foregoing, nothing herein shall prohibit Executive
from being a passive owner of not more than two percent (2%) of the equity securities of a publicly traded corporation engaged in a business that is in competition with the Company or any of its subsidiaries or affiliates, so long as Executive
has no active participation in the business of such corporation. 
 (c) NONSOLICITATION; NONINTERFERENCE. 

(i) During Executive’s employment with the Company and for a period of two (2) years thereafter, Executive agrees
that Executive shall not, except in the furtherance of Executive’s duties hereunder, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, solicit, aid or induce any individual or entity that
is, or was during the twelve-month period immediately prior to the termination of Executive’s employment for any reason, a customer of the Company or any of its subsidiaries or affiliates to purchase goods or services then sold by the Company
or any of its subsidiaries or affiliates from another person, firm, corporation or other entity or assist or aid any other persons or entity in identifying or soliciting any such customer. 

(ii) During Executive’s employment with the Company and for a period of two (2) years thereafter, Executive agrees
that Executive shall not, except in the furtherance of Executive’s duties hereunder, directly or indirectly, individually or on behalf of any other person, firm, corporation or other entity, (A) solicit, aid or induce any advisor,
consultant, employee, representative or agent of the Company or any of its subsidiaries or affiliates to leave such employment or retention or to accept employment with or render services to or with any other person, firm, corporation or other
entity unaffiliated with the Company or hire or retain any such advisor, consultant, employee, representative or agent, or take any action to materially assist or aid any other person, firm, corporation or other entity in identifying, hiring or
soliciting any such employee, representative or agent, or (B) interfere, or aid or induce any other person or entity in interfering, with the relationship between the Company or any of its subsidiaries or affiliates and any of their respective
vendors, joint venturers or licensors. Any person described in this Section 8(c)(i) shall be deemed covered by this Section while so employed or retained and for a period of twelve (12) months thereafter. 

(d) NONDISPARAGMENT. Executive agrees not to make negative comments or otherwise disparage the Company or any of its affiliates or any
of their respective partners, members, officers, directors, employees, agents, services or products other than in the good faith performance of Executive’s duties to the Company while Executive is employed by the Company. The foregoing shall
not be violated by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings). 

  
 5 

 (e) INVENTIONS. (i) Executive acknowledges and agrees that all ideas, methods,
inventions, discoveries, improvements, work products, developments or works of authorship (“Inventions”), whether patentable or unpatentable, (A) that relate to Executive’s work with the Company, made or conceived by
Executive, solely or jointly with others, or (B) suggested by any work that Executive performs in connection with the Company, either while performing Executive’s duties with the Company or on Executive’s own time, shall belong
exclusively to the Company (or its designee), whether or not patent applications are filed thereon. Executive hereby irrevocably conveys, transfers and assigns to the Company the Inventions and all patents that may issue thereon in any and all
countries, together with the right to file, in Executive’s name or in the name of the Company (or its designee), applications for patents and equivalent rights (the “Applications”). Executive will make such applications, sign
such papers, take all rightful oaths, and perform all acts as may be requested from time to time by the Company with respect to the Inventions at the Company’s expense. Executive will also execute assignments to the Company (or its designee) of
the Applications, and give the Company and its attorneys all reasonable assistance (including the giving of testimony) to obtain the Inventions for the Company’s benefit, all without additional compensation to Executive from the Company, but
entirely at the Company’s expense. If the Company is unable for any other reason to secure Executive’s signature on any document for this purpose, then Executive hereby irrevocably designates and appoints the Company and its duly
authorized officers and agents as Executive’s agent and attorney in fact, to act for and in Executive’s behalf and stead to execute any documents and to do all other lawfully permitted acts in connection with the foregoing. 

(ii) In addition, the Inventions will be deemed Work for Hire, as such term is defined under the copyright laws of the United
States, on behalf of the Company and Executive agrees that the Company will be the sole owner of the Inventions, and all underlying rights therein, in all media now known or hereinafter devised, throughout the universe and in perpetuity without any
further obligations to Executive. If the Inventions, or any portion thereof, are deemed not to be Work for Hire, Executive hereby irrevocably conveys, transfers and assigns to the Company, all rights, in all media now known or hereinafter devised,
throughout the universe and in perpetuity, in and to the Inventions, including, without limitation, all of Executive’s right, title and interest in the copyrights (and all renewals, revivals and extensions thereof) to the Inventions, including,
without limitation, all rights of any kind or any nature now or hereafter recognized, including, without limitation, the unrestricted right to make modifications, adaptations and revisions to the Inventions, to exploit and allow others to exploit
the Inventions and all rights to sue at law or in equity for any infringement, or other unauthorized use or conduct in derogation of the Inventions, known or unknown, prior to the date hereof, including, without limitation, the right to receive all
proceeds and damages therefrom. In addition, Executive hereby waives any so-called “moral rights” with respect to the Inventions. To the extent that Executive has any rights in the results and proceeds of Executive’s service to the
Company that cannot be assigned in the manner described herein, Executive agrees to unconditionally waive the enforcement of such rights. Executive hereby waives any and all currently existing and future monetary rights in and to the Inventions and
all patents that may issue thereon, including, without limitation, any rights that would otherwise accrue to Executive’s benefit by virtue of Executive being an employee of or other service provider to the Company. 

(iii) Executive shall not improperly use for the benefit of, bring to any premises of, divulge, disclose, communicate, reveal,
transfer or provide access to, or share with the Company any confidential, proprietary or non-public information or intellectual property relating to a former employer or other third party without the prior written permission of such third party.
Executive represents and warrants that he does not possess or own any rights in or to any confidential, proprietary or non-public information or intellectual property related to the business of the Company. Executive shall comply with all relevant
agreements, policies and guidelines of the Company regarding the protection of confidential information and intellectual property and potential conflicts of interest, provided the same are consistent with the terms of this Agreement and
Executive’s duties to the Company and its affiliates. Executive acknowledges that the Company may amend any such policies and guidelines from time to time, and that Executive remains at all times bound by their most current version. 

(f) RETURN OF COMPANY PROPERTY. On the date of Executive’s termination of employment with the Company for any reason (or at any
time prior thereto at the Company’s request), Executive shall return all Confidential Information or other property belonging to the Company or any of its affiliates (including, but not limited to, any Company-provided laptops, computers, cell
phones, wireless electronic mail devices or other equipment, or documents and property belonging to the Company). 

  
 6 

 (g) REASONABLENESS OF COVENANTS. In signing this Agreement, Executive gives the Company
assurance that Executive has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 8. Executive agrees that these restraints are necessary for the reasonable
and proper protection of the Company and its affiliates and their trade secrets and confidential information and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area, and that these
restraints, individually or in the aggregate, will not prevent Executive from obtaining other suitable employment during the period in which Executive is bound by the restraints. Executive acknowledges that each of these covenants has a unique, very
substantial and immeasurable value to the Company and its affiliates and that Executive has sufficient assets and skills to provide a livelihood while such covenants remain in force. Executive further covenants that Executive will not challenge the
reasonableness or enforceability of any of the covenants set forth in this Section 8. It is also agreed that each of the Company’s affiliates will have the right to enforce all of Executive’s obligations to that affiliate under
this Agreement and shall be third party beneficiaries hereunder, including without limitation pursuant to this Section 8. 
 (h)
REFORMATION. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 8 is excessive in duration or scope or is unreasonable or unenforceable under applicable law, it is the
intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted by the laws of that state. 

(i) TOLLING. In the event of any violation of the provisions of this Section 8, Executive acknowledges and agrees that the
post-termination restrictions contained in this Section 8 shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination
restriction period shall be tolled during any period of such violation. 
 (j) SURVIVAL OF PROVISIONS. The obligations contained in
Sections 8 and 9 hereof shall survive the termination and the non-renewal of this Agreement and Executive’s employment with the Company and shall be fully enforceable thereafter. 

9. COOPERATION. Upon the receipt of reasonable notice from the Company (including outside counsel), Executive agrees that while
employed by the Company and thereafter, Executive will respond and provide information with regard to matters in which Executive has knowledge as a result of Executive’s employment with the Company, and will provide reasonable assistance to the
Company, its affiliates and their respective representatives in defense of any claims that may be made against the Company or its affiliates, and will assist the Company and its affiliates in the prosecution of any claims that may be made by the
Company or its affiliates, to the extent that such claims may relate to the period of Executive’s employment with the Company (collectively, the “Claims”). Executive agrees to promptly inform the Board and CEO if Executive
becomes aware of any lawsuits involving Claims that may be filed or threatened against the Company or its affiliates. Executive also agrees to promptly inform the Board and CEO (to the extent that Executive is legally permitted to do so) if
Executive is asked to assist in any investigation of the Company or its affiliates (or their actions) or another party attempts to obtain information or documents from Executive (other than in connection with any litigation or other proceeding in
which Executive is a party-in-opposition) with respect to matters Executive believes in good faith to relate to any investigation of the Company or its affiliates, in each case, regardless of whether a lawsuit or other proceeding has then been filed
against the Company or its affiliates with respect to such investigation, and shall not do so unless legally required. During the pendency of any litigation or other proceeding involving Claims, Executive shall not communicate with anyone (other
than Executive’s attorneys and tax and/or financial advisors and except to the extent that Executive determines in good faith is necessary in connection with the performance of Executive’s duties hereunder) with respect to the facts or
subject matter of any pending or potential litigation or regulatory or administrative proceeding involving the Company or any of its affiliates without giving prior written notice to the Board or the Company’s counsel. 

10. EQUITABLE RELIEF AND OTHER REMEDIES. Executive acknowledges and agrees that the Company’s remedies at law for a breach or
threatened breach of any of the provisions of Section 8 or Section 9 hereof would be inadequate and, in recognition of this fact, Executive agrees that, in the event of such a breach or

  
 7 

 
threatened breach, in addition to any remedies at law, the Company, shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or
permanent injunction or any other equitable remedy which may then be available, without the necessity of showing actual monetary damages or the posting of a bond or other security. In the event of a violation by Executive of Section 8 or
Section 9 hereof, any severance or other benefits being paid or provided to Executive and/or Executive’s dependents pursuant to this Agreement or otherwise shall immediately cease, and any severance previously paid to Executive
shall be immediately repaid to the Company. 
 11. NO ASSIGNMENTS. This Agreement is personal to each of the parties hereto. Except
as provided in this Section 11 hereof, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto. The Company may assign this Agreement to any successor to
all or substantially all of the business and/or assets of the Company, provided that the Company shall require such successor to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company
would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company and any successor to its business and/or assets, which assumes and agrees to perform the duties and
obligations of the Company under this Agreement by operation of law or otherwise. 
 12. NOTICE. For purposes of this Agreement,
notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery, if delivered by hand, (b) on the date of transmission, if delivered by
confirmed facsimile or electronic mail, (c) on the first business day following the date of deposit, if delivered by guaranteed overnight delivery service, or (d) on the fourth business day following the date delivered or mailed by United
States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

	
	If to Executive:
	
	Robert M. Ginnan
	8018 Old Woods Ct.
	Springboro, Ohio 45066
	
	If to the Company:
	
	EveryWare Global, Inc
	519 N. Pierce Ave
	Lancaster, OH 43130
	Attention: General Counsel
	
	With a copy to:
	
	Kirkland & Ellis LLP
	300 North LaSalle
	Chicago, IL 60654
	Attention: Carol Anne Huff

 or to such other address as either party may have furnished to the other in writing in accordance herewith, except that
notices of change of address shall be effective only upon receipt. 
 13. SECTION HEADINGS; INCONSISTENCY. The section headings used
in this Agreement are included solely for convenience and shall not affect, or be used in connection with, the interpretation of this Agreement. In the event of any inconsistency between the terms of this Agreement and any form, award, plan or
policy of the Company, the terms of this Agreement shall govern and control. 
 14. SEVERABILITY. The provisions of this Agreement
shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. 

15. COUNTERPARTS. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of
which together will constitute one and the same instrument. 

  
 8 

 16. GOVERNING LAW; JURISDICTION. This Agreement, the rights and obligations of the parties
hereto, and any claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the State of Ohio without regard to its choice of law provisions). Each of the parties agrees that any dispute between the parties
shall be resolved only in the courts of the State of Ohio or the United States District Court for the Southern District of Ohio and the appellate courts having jurisdiction of appeals in such courts. In that context, and without limiting the
generality of the foregoing, each of the parties hereto irrevocably and unconditionally (a) submits in any proceeding relating to this Agreement or Executive’s employment by the Company or any affiliate, or for the recognition and
enforcement of any judgment in respect thereof (a “Proceeding”), to the exclusive jurisdiction of the courts of the State of Ohio, the court of the United States of America for the Southern District of Ohio, and appellate courts
having jurisdiction of appeals from any of the foregoing, and agrees that all claims in respect of any such Proceeding shall be heard and determined in such Ohio State court or, to the extent permitted by law, in such federal court,
(b) consents that any such Proceeding may and shall be brought in such courts and waives any objection that Executive or the Company may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court or that such
Proceeding was brought in an inconvenient court and agrees not to plead or claim the same, (c) WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
EXECUTIVE’S EMPLOYMENT BY THE COMPANY OR ANY AFFILIATE OF THE COMPANY, OR EXECUTIVE’S OR THE COMPANY’S PERFORMANCE UNDER, OR THE ENFORCEMENT OF, THIS AGREEMENT, (d) agrees that service of process in any such Proceeding may be
effected by mailing a copy of such process by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at Executive’s or the Company’s address as provided in Section 12 hereof,
and (e) agrees that nothing in this Agreement shall affect the right to effect service of process in any other manner permitted by the laws of the State of Ohio. 

17. MISCELLANEOUS. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge
is agreed to in writing and signed by Executive and such officer or director as may be designated by the Board. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision
of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. This Agreement together with all exhibits hereto sets forth the entire
agreement of the parties hereto in respect of the subject matter contained herein and supersedes any and all prior agreements or understandings between Executive and the Company with respect to the subject matter hereof; provided, that the
restrictive covenants and other obligations contained in Section 8 are independent of, supplemental to and do not modify, supersede or restrict (and shall not be modified, superseded by or restricted by) any non-competition,
non-solicitation, confidentiality or other restrictive covenants in any other current or future agreement unless reference is made to the specific provisions hereof which are intended to be superseded. No agreements or representations, oral or
otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement. 

18. REPRESENTATIONS. Executive represents and warrants to the Company that (a) Executive has the legal right to enter into this
Agreement and to perform all of the obligations on Executive’s part to be performed hereunder in accordance with its terms, and (b) Executive is not a party to any agreement or understanding, written or oral, and is not subject to any
restriction, which, in either case, could prevent Executive from entering into this Agreement or impede Executive from performing all of Executive’s duties and obligations hereunder. 

19. TAX MATTERS. 
 (a)
WITHHOLDING. The Company may withhold from any and all amounts payable under this Agreement or otherwise such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. In the event that the
Company fails to withhold any taxes required to be withheld by applicable law or regulation, Executive agrees to indemnify the Company for any amount paid with respect to any such taxes, together with any interest, penalty and/or expense related
thereto. 

  
 9 

 (b) SECTION 409A COMPLIANCE. 

(i) The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue Code
Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith.
In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A. 

(ii) A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing
for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A and, for purposes of any such provision of
this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in this Agreement, if Executive is deemed on the
date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is considered deferred compensation under Code
Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is the earlier of (A) the expiration of the six (6)-month period measured from the date of
such “separation from service” of Executive, and (B) the date of Executive’s death, to the extent required under Code Section 409A. Upon the expiration of the foregoing delay period, all payments and benefits delayed
pursuant to this Section 19(b)(ii) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and
benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 

(iii) To the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred
compensation” for purposes of Code Section 409A, (A) all such expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by
Executive, (B) any right to such reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any
taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. 

(iv) For purposes of Code Section 409A, Executive’s right to receive any installment payments pursuant to this
Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified
period shall be within the sole discretion of the Company. 
 (v) Notwithstanding any other provision of this Agreement to
the contrary, in no event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code
Section 409A. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. 

 

					
	EVERYWARE GLOBAL, INC.
		
	By:		 /s/ Samie A. Solomon

		
	Name:		Samie A. Solomon
		
	Title:		Chief Executive Officer

 
			
	  
 EXECUTIVE

	
	 /s/ Robert M. Ginnan

	Name:		Robert M. Ginnan
	 Title: Senior Vice President and Chief Financial Officer

  
 10 

 EXHIBIT A 

Executive will receive stock option grants of 150,000 options (the “Options”) to purchase shares of the Company’s common stock under the
EveryWare, Global, Inc. 2013 Omnibus Incentive Compensation Plan as it may be amended by the Board from time to time (the “Plan”). The Options will have an exercise price equal to the fair market value of EveryWare common stock on
the grant date as set by the Board and will have a duration of 10 years. The Options will vest annually over 3 years in the amount of 50,000 on anniversary of grant date. 

The Options will be in lieu of any other equity incentive compensation granted to management employees of the Company. All unexercised options will expire
immediately upon the Executive’s termination of employment, provided that if such termination is by the Company other than for Cause or by the Executive for Good Reason, the vested Options may be exercised at any time within thirty
(30) days of such termination, but in no event later than the applicable expiration date. In the event that the Executive’s employment with the Company is terminated by the Company other than for Cause or by the Executive for Good Reason,
in each case within twelve (12) months following a Change in Control (as defined in the Plan), the Options will immediately vest upon such termination. 

The grant or the Options will be subject to approval of the Board and will be subject in all respects to the terms and conditions of the Plan and the
applicable award agreement governing such Options. 

  
 11 

 EXHIBIT B 

GENERAL RELEASE 

I,                    , in consideration of and subject to
the performance by EveryWare Global, Inc. (together with its subsidiaries, the “Company”), of its obligations under Section [ — ] of the Employment Agreement, dated as of [ — ] (the “Agreement”), do hereby
release and forever discharge as of the date hereof the Company and its respective affiliates and subsidiaries and all present, former and future directors, officers, agents, representatives, employees, successors and assigns of the Company and/or
its respective affiliates and subsidiaries and direct or indirect owners (collectively, the “Released Parties”) to the extent provided herein (this “General Release”). The Released Parties are intended third-party
beneficiaries of this General Release, and this General Release may be enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Released Parties hereunder. Terms used herein but not otherwise defined
shall have the meanings given to them in the Agreement. 
 1. I understand that any payments or benefits paid or granted to me under Section [ — ] of
the Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that I will not receive the payments and benefits specified in Section [
— ] of the Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter or breach this General Release. Such payments and benefits will not be considered compensation for
purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its affiliates. 
 2. Except as
provided in paragraph 4 below and except for the provisions of the Agreement which expressly survive the termination of my employment with the Company, I knowingly and voluntarily (for myself, my heirs, executors, administrators and assigns) release
and forever discharge the Company and the other Released Parties from any and all claims, suits, controversies, actions, causes of action, cross claims, counter claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary
damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known
or unknown, suspected, or claimed against the Company and/or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, ever had, now have, or hereafter may have, by reason of any matter, cause, or
thing whatsoever, from the beginning of my initial dealings with the Company to the date of this General Release, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to my
employment relationship with Company, the terms and conditions of that employment relationship, and the termination of that employment relationship (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the
Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with
Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or
their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or
arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including attorneys’
fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”). I understand and intend that this General Release constitutes a general release of all claims and that no reference herein to a
specific form of claim, statute or type of relief is intended to limit the scope of this General Release. 
 3. I represent that I have made no assignment
or transfer of any right, claim, demand, cause of action, or other matter covered by paragraph 2 above. 
 4. I agree that this General Release does not
waive or release any rights or claims that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I execute this General Release. I acknowledge and agree that my separation from employment with the Company in
compliance with the terms of the Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). 

  
 12 

 5. I agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all
Released Parties of any kind whatsoever, including, without limitation, reinstatement, back pay, front pay, and any form of injunctive relief. Notwithstanding the foregoing, I acknowledge that I am not waiving and am not being required to waive any
right that cannot be waived under law, including the right to file an administrative charge or participate in an administrative investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate in any
monetary award resulting from the prosecution of such charge or investigation or proceeding. 
 6. In signing this General Release, I acknowledge and intend
that it shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its express terms and
provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as
those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree that this waiver is an essential and material term of this General Release and that without such waiver the Company would not have agreed to the terms of
the Agreement. I further agree that in the event that I should bring a Claim seeking damages against the Company, or in the event that I should seek to recover against the Company in any Claim brought by a governmental agency on my behalf, this
General Release shall serve as a complete defense to such Claims to the maximum extent permitted by law. I further agree that I am not aware of any pending claim, or of any facts that could give rise to a claim, of the type described in paragraph 2
as of the execution of this General Release. 
 7. I agree that neither this General Release, nor the furnishing of the consideration for this General
Release, shall be deemed or construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. 
 8.
I agree that I will forfeit all amounts payable by the Company pursuant to the Agreement if I challenge the validity of this General Release. I also agree that if I violate this General Release by suing the Company or the other Released Parties, I
will pay all costs and expenses of defending against the suit incurred by the Released Parties, including reasonable attorneys’ fees, and return all payments received by me pursuant to the Agreement on or after the termination of my employment.

 9. I agree that this General Release and the Agreement are confidential and agree not to disclose any information regarding the terms of this General
Release or the Agreement, except to my immediate family and any tax, legal or other counsel that I have consulted regarding the meaning or effect hereof or as required by law, and I will instruct each of the foregoing not to disclose the same to
anyone. The Company agrees to disclose any such information only to any tax, legal or other counsel of the Company or as required by law. 
 10. Any non
disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying facts and circumstances by the Securities and Exchange Commission (SEC), the
Financial Industry Regulatory Authority (FINRA), or any other self regulatory organization or governmental entity. 
 11. I hereby acknowledge that
restrictive convents and other obligations set forth in Sections 8, 9 and [] of the Agreement shall 
 survive my execution of this General Release. 

12. I represent that I am not aware of any Claim by me, and I acknowledge that I may hereafter discover Claims or facts in addition to or different than those
which I now know or believe to exist with respect to the subject matter of the release set forth in paragraph 2 above and which, if known or suspected at the time of entering into this General Release, may have materially affected this General
Release and my decision to enter into it. 
 13. Notwithstanding anything in this General Release to the contrary, this General Release shall not
relinquish, diminish, or in any way affect any rights or claims arising out of any breach by the Company or by any Released Party of the Agreement after the date hereof. 

  
 13 

 14. Whenever possible, each provision of this General Release shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained
herein. This General Release constitutes the complete and entire agreement and understanding among the parties, and supersedes any and all prior or contemporaneous agreements, commitments, understandings or arrangements, whether written or oral,
between or among any of the parties, in each case concerning the subject matter hereof. 
 BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 

(i) I HAVE READ IT CAREFULLY; 
 (ii) I UNDERSTAND ALL OF ITS
TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED, THE EQUAL PAY ACT OF 1963, THE
AMERICANS WITH DISABILITIES ACT OF 1990, AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED; 
 (iii) I VOLUNTARILY CONSENT TO EVERYTHING
IN IT; 
 (iv) I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE
CHOSEN NOT TO DO SO OF MY OWN VOLITION; 
 (v) I HAVE HAD AT LEAST [21][45] DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE TO CONSIDER IT AND THE CHANGES
MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED [21][45] DAY PERIOD; 
 (vi) I
UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

(vii) I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND 

(viii) I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN
AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 
  

			
	SIGNED:		DATE:

  
 14

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