Document:

EX-10.4

 Exhibit 10.4 

SUPPLEMENTAL RETIREMENT BENEFIT PLAN 

FOR CERTAIN TRANSFERRED EMPLOYEES 

OF LOCKHEED MARTIN CORPORATION 

(Restated through July 1, 2015) 

  
 EXECUTION
COPY 

 ARTICLE I 

PURPOSES OF THE PLAN 

The purposes of the Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed Martin Corporation (the
“Plan”) are: 
  

	 	(a)	 to provide an additional retirement benefit for certain employees whose regular retirement benefits have been limited as a result of employment
service at a Lockheed Martin company that does not have a Qualified Pension Plan; and 

  

	 	(b)	 to provide an additional retirement benefit for certain employees hired on or after January 1, 2006 (January 1, 2007 for KAPL, Inc.) at a
Lockheed Martin company that has a Qualified Pension Plan that is frozen to new participants as of such date; and 

  

	 	(c)	 to provide the above employees with those benefits that cannot be paid from the tax-qualified plans of Lockheed Martin Corporation and its
subsidiaries because of the limitations on contributions and benefits contained in Internal Revenue Code sections 415 and 401(a)(17). 

The following plans and predecessor plans were amended, restated and merged to form this Plan, effective July 1, 2004:

  

	 	1.	 Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed Martin Corporation (formerly known as the Supplemental
Retirement Benefit Plan for Certain Transferred Employees of Lockheed Corporation) 

  

	 	2.	 Incentive Retirement Benefit Plan for Certain Executives of Lockheed Martin Corporation (formerly known as the Incentive Retirement Benefit Plan
for Certain Executives of Lockheed Corporation) 

 The Plan was amended and restated, effective January 1, 2005, in
order to comply with the requirements of Code section 409A. The 2005 amendment and restatement of the Plan applied only to the portion of a Participant’s benefit that accrued on or after January 1, 2005. The portion of a Participant’s
benefit that accrued prior to January 1, 2005 shall be governed by the terms of the Plan in effect on December 31, 2004, attached as Appendix A. The Plan was amended and restated, effective June 26, 2008, in order to clarify certain
provisions in accordance with the final Treasury Regulations issued under Code section 409A and to make other clarifications with respect to eligibility and benefits. The Plan was amended and restated effective December 31, 2008 to order to
make further clarifications in accordance with the final Treasury Regulations issued under Code section 409A and to make other administrative clarifications. The Plan was amended and restated effective December 31, 2010 to order to make further
clarifications in accordance with the final Treasury Regulations issued under Code section 409A and to make other administrative clarifications. 

On June 26, 2014, the Qualified Pension Plan was amended: (i) effective January 1, 2016, to provide that
pensionable earnings under the Qualified Pension Plan shall not include amounts earned for or relating to any period after December 31, 2015; and (2) effective January 1, 2020, to freeze credited service under the Qualified Pension
Plan and to provide that no Qualified Pension Plan participant shall accrue credited service with respect to any period after December 31, 2019. Effective July 1, 2014, the Plan was amended and restated to confirm these Qualified Pension
Plan amendments shall carry through to any applicable provision in this Plan, including all Annexes and Appendices to the Plan. Accordingly, base rate of pay, bonuses or other incentive compensation, or other amounts earned for or relating to the
period after December 31, 2015 shall not 

  
 1 

EXECUTION COPY 

 
be used in determining benefits under the Plan, and service after December 31, 2019 shall not be considered, deemed to be, or otherwise treated as Credited Service or similar benefit accrual
service in determining benefits payable under the Plan. Furthermore, the Plan was amended and restated to close the Plan to new entrants effective July 1, 2014. 

The Plan is hereby amended and restated, effective for terminations from active service and pre-retirement deaths on or after
July 1, 2015, to update the mortality table used for determining the present value of benefits accrued under the Plan after December 31, 2004 when an individual is eligible for a lump sum payout of such benefits and for certain benefit
conversions involving benefits accrued under the Plan after December 31, 2004, from the 1983 Group Annuity Mortality Table with sex distinction to the mortality table approved by the Internal Revenue Service for calculating the present value of
benefits for determining lump sums payable under Code section 417(e)(3); provided, however, the 1983 Group Annuity Mortality Table with sex distinction will be used instead of the Code section 417(e) applicable mortality table when use of the Code
section 417(e)(3) applicable mortality table would cause a reduction in the amount of benefits payable under the Plan. 
 ARTICLE II

 DEFINITIONS 

Unless the context indicates otherwise or the term is defined below, all terms shall be defined in accordance with the
Lockheed Martin Corporation Salaried Employee Retirement Program: 
  

	 	1.	 ACTUARIAL EQUIVALENT – The Actuarial Equivalent shall mean a benefit which has the equivalent value computed using the interest rate which
would be used by the Pension Benefit Guaranty Corporation to determine the present value of an immediate lump sum distribution on termination of a pension plan, as in effect on first day of the month of termination of employment plus one percent
(1%), and the 1983 Group Annuity Mortality Table with sex distinction; provided that for Years beginning on or after January 1, 2011, in no event shall the interest rate plus 1% exceed 7% or be less than 4%. Notwithstanding the foregoing,
effective for terminations from active service and pre-retirement deaths on or after July 1, 2015, the Actuarial Equivalent shall mean a benefit which has the equivalent value computed using the interest rate which would be used by the Pension
Benefit Guaranty Corporation to determine the present value of an immediate lump sum distribution on termination of a pension plan, as in effect on the first day of the month of termination of employment plus one percent (1%), and the applicable
mortality table under Code section 417(e)(3); provided that (i) in no event shall the interest rate plus 1% exceed 7% or be less than 4%, and (ii) if use of the applicable mortality table under Code section 417(e)(3) results in any
Participant’s or Surviving Spouse’s benefit under the Plan having an Actuarial Equivalent that is less than the Actuarial Equivalent of the Participant’s or Surviving Spouse’s benefit computed using the 1983 Group Annuity
Mortality Table with sex distinction, as determined at the time benefits become payable pursuant to Article V, then the Actuarial Equivalent of the Participant’s or Surviving Spouse’s Plan benefit will be computed using the 1983 Group
Annuity Mortality Table with sex distinction. 

  

	 	2.	 BENEFICIARY — The Beneficiary of a Participant shall be (a) the Participant’s Spouse or (b) if there is no Spouse surviving the
Participant, the Participant’s estate. 

  

	 	3.	 BOARD — The Board of Directors of Lockheed Martin Corporation. 

 

	 	4.	 CODE — The Internal Revenue Code of 1986, as amended. 

 

  
 2 

EXECUTION COPY 

	 	5.	 COMMITTEE — The committee described in Section 1 of Article VIII. 

 

	 	6.	 COMPANY – Lockheed Martin Corporation and its Subsidiaries. 

 

	 	7.	 ELIGIBLE EMPLOYEE — An employee of the Company who meets the eligibility criteria in Section 1 of Article III or Section 1 of
Article IV, and who satisfies such additional requirements for participation in this Plan as the Committee may from time to time establish. The Lockheed Martin Pension Plans Administrative Committee (the “Pension Committee”) shall
interpret the participation requirements established by the Committee for all Participants except elected officers subject to Section 16(b) of the Securities and Exchange Act of 1934. Determinations of participation requirements for elected
officers shall be made by the Committee. Notwithstanding the foregoing, no employee of the Company who is hired by a Participating Company or promoted to Vice President (Level 8) or above with a Participating Company on or after July 1, 2014
shall become an Eligible Employee. 

  

	 	8.	 GRANDFATHERED 2004 BENEFIT — The benefit calculated under the terms of the Plan in effect prior to January 1, 2005 (attached as Appendix
A), determined as if the Participant had terminated from employment on December 31, 2004 (or the Participant’s actual termination date, if earlier). 

 

	 	9	 PARTICIPANT — An Eligible Employee who meets the requirements for participation contained in Article III or Article IV; the term shall include
a former employee and survivors/beneficiaries whose benefit has not been fully distributed. A Participant shall cease to be an active Participant upon Termination of Employment, when he ceases to be an Eligible Employee, or when he ceases to meet
the requirements for participation as amended from time to time. Notwithstanding the foregoing, no employee of the Company who is hired by a Participating Company or promoted to Vice President (Level 8) or above with a Participating Company on or
after July 1, 2014 shall become a Participant in the Plan. 

 10. QUALIFIED PENSION PLAN – The
Lockheed Martin Corporation Retirement Plan for Certain Salaried Employees, the Lockheed Martin Corporation Retirement Income Plan and the Lockheed Martin Corporation Retirement Income Plan III, or any successor plans. 

11. PLAN – The Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed Martin Corporation, or
any successor plan. 
 12. SUBSIDIARY — As to any person, any corporation, association, partnership, joint venture or other business
entity of which 50% or more of the voting stock or other equity interests (in the case of entities other than corporation), is owned or controlled (directly or indirectly) by that entity, or by one or more of the Subsidiaries of that entity, or by a
combination thereof. 
  

	 	12A.	TERMINATION OF EMPLOYMENT – A separation from service as such term is defined in Code section 409A and the regulations thereunder. 

 

	 	13.	 YEAR — The calendar year. 

  
 3 

EXECUTION COPY 

 ARTICLE III 

TRANSFER BENEFITS 

1. Eligibility. Benefits pursuant to this Article III are available to employees of the Company who: 

 

	 	(a)	 are Members of the Qualified Pension Plan, and 

  

	 	(i)	 are transferred, prior to July 1, 2014 to a Participating Company that does not have a Qualified Pension Plan, and 

 

	 	(ii)	 are identified by such Participating Company as a key employee at the time of such transfer, and 

 

	 	(iii)	 are designated in writing, prior to July 1, 2014, by the Committee as a Participant in this Plan; 

 

	 	(b)	 effective January 1, 2006 (January 1, 2007 for KAPL, Inc.), are not Members of the Qualified Pension Plan, and 

 

	 	(i)	 are hired by a Participating Company on or after January 1, 2006 (or by KAPL, Inc. on or after January 1, 2007) and before July 1,
2014, and 

  

	 	(ii)	 are Vice Presidents (Level 8) or above on their date of hire, or are promoted to Vice President (Level 8) after their date of hire and before
July 1, 2014, and 

  

	 	(iii)	 are not hired by a Participating Company pursuant to the Company’s acquisition of an entity that does not sponsor a qualified defined benefit
pension plan. 

 A “Participating Company” is a business unit designated in writing by the
Committee as a unit participating in this Plan. A list of Participating Units is set forth in Schedule 1. 
 Notwithstanding
the foregoing, no employee of the Company shall become a Participant in the Plan on or after July 1, 2014. 
 2.
Amount of Benefit. The benefit that each Participant shall be entitled to receive under the Plan is the amount reasonably determined by the Company to be the difference between the Participant’s actual benefit, if any, under the
Qualified Pension Plan and the benefits that would have been payable under that Plan, subject to the offset below, if: 
  

	 	(a)	 the Qualified Pension Plan had determined pensionable earnings on a “mix and match” basis, as defined below; 

 

	 	(b)	 the Participant’s period of employment service as a Participant at a Participating Company at which no Credited Service is earned was deemed
to be years of Credited Service under the Qualified Pension Plan; and 

  

	 	(c)	 the Participant’s benefit under the Qualified Pension Plan had not been limited by Code section 415 and/or Code section 401(a)(17).

  

  
 4 

EXECUTION COPY 

 If a Participant’s compensation under the Management Incentive Compensation
Plan (“MICP”) is included in pensionable earnings under the Qualified Pension Plan, the Participant’s total pensionable earnings shall be determined on a “mix and match” basis. The Participant’s annual compensation
earned under the MICP shall be calculated separately from other annual pensionable earnings. The average of the three (3) highest years of MICP compensation during the last 10 years shall be added to the average of the three (3) highest
years of other pensionable earnings during the last 10 years to arrive at total final average pensionable earnings for the applicable period under the Qualified Pension Plan. 

The above benefit (the “Transfer Benefit”) shall be offset by the benefits payable on behalf of the Participant
under the Lockheed Martin Corporation Capital Accumulation Plan (the “Lockheed Martin CAP”) and under the Lockheed Martin Account Balance Retirement Plan (“ABRP”). In calculating the offset, the Participant’s total account
balance from the Lockheed Martin CAP shall be converted into an annuity using the 1983 Group Annuity Mortality Table and shall be calculated as of the Participant’s termination of employment, using the PBGC immediate interest rate for lump sums
rate plus 1% and the Participant’s age on the date of distribution. If the Participant received any prior distributions from the Lockheed Martin CAP, the Transfer Benefit shall be reduced by the annuity value of the prior distribution, using
the Lockheed Martin CAP distribution amount, the PBGC interest rate plus 1% and Participant’s age on the date of distribution. The Transfer Benefit is then reduced for the amount of the normal retirement benefit from the ABRP. Notwithstanding
the foregoing, effective for terminations from active service and pre-retirement deaths on or after July 1, 2015, the offset and prior distribution reduction described above each shall be converted into an annuity using the applicable mortality
table under Code section 417(e)(3); provided that if use of the applicable mortality table under Code section 417(e)(3) results in an annuity that is more than the annuity calculated using the 1983 Group Annuity Mortality Table with sex distinction,
as determined at the time benefits become payable pursuant to Article V, then the annuity shall be calculated using the 1983 Group Annuity Mortality Table with sex distinction. 

Combined benefits under this Article III, the Lockheed Martin CAP and the ABRP are intended to supplement the
Participant’s actual benefit under the Qualified Pension Plan as necessary to provide the Participant with the full benefit the Participant would have received under the Qualified Pension Plan on a “mix and match” basis, without
regard to the limitations of Code section 415 and Code section 401(a)(17), and with the special adjustments described above. To prevent duplication of benefits, the full benefit under the Qualified Pension Plan and the enhanced Transfer Benefit
described above shall be calculated without reduction for Code section 415 and Code section 401(a)(17), then reduced by the benefit payable from the Qualified Pension Plan (without regard to the portion of such benefit attributable to employee
contributions, if any), then reduced by the benefit payable from the Lockheed Martin CAP and ABRP, and then reduced by the 2004 Grandfathered Benefit, to the extent permissible under Code section 409A. The remainder of the benefit shall be paid from
this Plan. Participants have no right to duplicate benefits with respect to the same period of service, and the Committee may make such adjustments to the benefits under this Plan as the Committee deems necessary to prevent duplication of benefits.

 The benefit payable under this Article III shall be payable to the Participant or Beneficiary or any other person who is
receiving or entitled to receive benefits with respect to the Participant under the Qualified Pension Plan. 
 If the
benefits payable under the Qualified Pension Plan to any Participant are increased following the Participant’s retirement as a result of a general increase in the benefits payable to retired employees under that Plan, no such increase will be
made under this Plan. 

  
 5 

EXECUTION COPY 

 3. Plan Freeze 

Notwithstanding anything herein to the contrary, base rate of pay, bonuses or other incentive compensation, or other amounts earned for or
relating to the period after December 31, 2015 shall not be used in determining the Transfer Benefit or other benefits under the Plan, and service after December 31, 2019 shall not be considered, deemed to be, or otherwise be treated as
Credited Service or similar benefit accrual service in determining benefits payable under the Plan. 
 ARTICLE IV 

INCENTIVE BENEFITS 

1. Eligibility. Benefits pursuant to this Article IV are available to the employees described below. However, an
employee who terminated employment with Lockheed Corporation prior to January 1, 1984, when eligible for a deferred retirement benefit under Section 5.03 of the Lockheed Retirement Plan for Certain Salaried Employees is not eligible to
receive a benefit under this Article IV. 
 An employee or former employee of Lockheed Martin Corporation and its
subsidiaries who, prior to July 2, 2014: 
  

	 	(a)	 is employed by a Lockheed Martin business unit that is not covered by a Qualified Pension Plan, and 

 

	 	(b)	 is identified by such business unit as a key employee, and 

 

	 	(c)	 at the time of eligibility for benefits is, or for any year during his or her last ten (10) years of service]with Lockheed Martin Corporation
prior to July 1, 2014 was, a participant in the Lockheed Martin Corporation Management Incentive Compensation Plan (including the Deferred Management Incentive Compensation Plan of Lockheed Martin Corporation), or any incentive compensation
plan of any subsidiary or affiliated corporation of Lockheed Martin Corporation which the Committee determines is a corresponding incentive plan; and 

  

	 	(d)	 who has been specifically designated in writing before July 1, 2014 by the Committee as a Participant; and 

 

	 	(e)	 who is not eligible for a benefit under Article III of this Plan 

Notwithstanding the foregoing, no employee of the Company shall become a Participant in the Plan on or after July 1, 2014. 

2. Amount of Benefit. 

A. Normal or Disability Retirement. The benefit payable under this Article IV to a Participant is the amount
reasonably determined to be the difference between the Participant’s actual benefit under the Lockheed Martin Retirement Plan for Certain Salaried Employees (or such other Qualified Pension Plan as designated by the Committee (the
“Designated Qualified Plan”) and the benefits that would have been payable under that Plan, subject to the offset below, if: 
  

	 	(a)	 the Designated Qualified Plan had determined pensionable earnings on a “mix and match” basis, as defined below; 

  
 6 

EXECUTION COPY 

	 	(b)	 the Participant’s period of employment service as a Participant with the Company during which period no Credited Service is earned either
because the Participant was not in a covered group or because of a limitation on Credited Service under the Qualified Pension, was deemed to be years of Credited Service under the Designated Qualified Pension Plan; and 

 

	 	(c)	 the Participant’s benefit under the Designated Qualified Plan had not been limited by Code section 415 and/or Code section 401(a)(17).

 If a Participant’s compensation under the Management Incentive Compensation Plan
(“MICP”) is included in pensionable earnings under the Qualified Pension Plan, the Participant’s total pensionable earnings shall be determined on a “mix and match” basis. The Participant’s annual compensation earned
under the MICP shall be calculated separately from other annual pensionable earnings. The average of the highest years of MICP compensation shall be added to the average of the highest years of other pensionable earnings to arrive at total final
average pensionable earnings for the applicable period under the Qualified Pension Plan. 
 The above benefit (the
“Incentive Benefit”) shall be offset by the benefits payable on behalf of the Participant under the Lockheed Martin Corporation Capital Accumulation Plan (the “Lockheed Martin CAP”) and under the Lockheed Martin Account Balance
Retirement Plan (“ABRP”). In calculating the offset, the Participant’s total account balance from the Lockheed Martin CAP shall be converted into an annuity using the 1983 Group Annuity Mortality Table and shall be calculated as of
the Participant’s termination of employment, using the PBGC immediate interest rate for lump sums rate plus 1% and Participant’s age on the date of distribution. If the Participant received any prior distributions from the Lockheed Martin
CAP, the Incentive Benefit shall be reduced by the annuity value of the prior distribution, using the Lockheed Martin CAP distribution amount, PBGC immediate interest rate for lump sums rate plus 1% and Participant’s age on the date of
distribution. The Incentive Benefit is then reduced for the amount of the Participant’s normal retirement benefit from the ABRP, and then reduced by the Participant’s 2004 Grandfathered Benefit, to the extent permissible under Code section
409A. Notwithstanding the foregoing, effective for terminations from active service and pre-retirement deaths on or after July 1, 2015, the offset and prior distribution reduction described above each shall be converted into an annuity using
the applicable mortality table under Code section 417(e)(3); provided that if use of the applicable mortality table under Code section 417(e)(3) results in an annuity that is more than the annuity calculated using the 1983 Group Annuity Mortality
Table with sex distinction, as determined at the time benefits become payable pursuant to Article V, then the annuity shall be calculated using the 1983 Group Annuity Mortality Table with sex distinction. 

C. No Duplication. Combined benefits under this Article IV, the Lockheed Martin CAP and the ABRP are intended to
supplement the Participant’s actual benefit under the Qualified Pension Plan as necessary to provide the Participant with the full benefit the Participant would have received under the Qualified Pension Plan on a “mix and match”
basis, without regard to the limitations of Code section 415 and Code section 401(a)(17), and with the special adjustments described above. To prevent duplication of benefits, the full benefit under the Qualified Pension Plan and the enhanced
Incentive Benefit described above shall be calculated without reduction for Code section 415 and Code section 401(a)(17), then reduced by the benefit payable from the Qualified Pension Plan then reduced by the benefit payable from the Lockheed
Martin CAP and ABRP, and then reduced by the Participant’s 2004 Grandfathered Benefit, to the extent permissible under Code section 409A. The remainder of the benefit shall be paid from this Plan. Participants have no right to duplicate
benefits with respect to the same period of service, and the Committee may make such adjustments to the benefits under this Plan as the Committee deems necessary to prevent duplication of benefits. 

The benefit payable under this Article IV shall be payable to the Participant or Beneficiary or any other person who would be
entitled to receive benefits with respect to the Participant under the Designated Qualified Plan. 

  
 7 

EXECUTION COPY 

 If the benefits that would be payable under the Designated Qualified Plan to any
Participant are increased following the Participant’s retirement as a result of a general increase in the benefits payable to retired employees under that Plan, no such increase will be made under this Plan. 

3. Plan Freeze 

Notwithstanding anything herein to the contrary, base rate of pay, bonuses or other incentive compensation, or other amounts
earned for or relating to the period after December 31, 2015 shall not be used in determining the Incentive Benefit or benefits under the Plan, and service after December 31, 2019 shall not be considered, deemed to be, or otherwise treated
as Credited Service or similar benefit accrual service in determining benefits payable under this Plan. 
 ARTICLE V 

PAYMENT OF BENEFITS 

1. Vesting. Except as provided in Article VI, and subject to the Company’s right to discontinue the Plan as
provided in Article VII, a Participant shall have a non-forfeitable interest in benefits payable under this Plan to the same extent as benefits are vested under the applicable Qualified Pension Plan. As provided in Article VI, if a Participant
acquires a right to receive payments under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. 

2. Form and Timing of Payment. Except as otherwise provided herein, a Participant may make an initial payment election
between an annuity and a lump sum payment under the terms and conditions described in this Section 2. All elections under this Section 2 must be made in the form and manner prescribed by the Senior Vice President, Human Resources. No
election made pursuant to this Section 2 may affect a payment due in the same calendar year in which the election is made or accelerate payment into the calendar year in which the election is made. 

(a) Regular Form. Unless a Participant has elected a lump sum payment under Section 2(b) of this
Article V, benefits under this Plan shall be paid in the form of an annuity. Participants who first become eligible for participation in the Plan after December 16, 2005 shall receive their benefits in the form of an annuity. Benefits paid in a
form described in this Section 2(a) shall commence as soon as administratively practicable (but no more than 90 days) following the later of (i) the month in which the Participant has a Termination of Employment, or (ii) the month in
which the Participant attains age fifty-five (55). Notwithstanding the foregoing sentence, benefits paid in a form described in this Section 2(a) to a Participant who is reasonably determined by the Company to be a “specified
employee” within the meaning of Code section 409A(2)(B)(i), shall not commence before the later of (i) six (6) months following the month in which the Participant has a Termination of Employment, or (ii) the month in which the
Participant attains age fifty-five (55). No interest shall be paid between the date of Termination of Employment or attainment of age fifty-five (55), as applicable, and the payment date. 

i. Selection of Annuity Form. Prior to his Termination of Employment or attainment of age 55, as
applicable, a Participant may elect to receive benefits in any actuarially equivalent annuity form that is available under the applicable Qualified Pension Plan on the date of the Participant’s election that has been designated by the Senior
Vice President, Human Resources as available for election under this Plan. If the Participant has not validly elected an annuity form before his Termination of Employment or attainment of age 55, as applicable, under this Section 2(a) or a lump
sum payment as provided in Section 2(b) of Article V, (i) an unmarried Participant shall be deemed to have elected payment in the form of a monthly annuity 

  
 8 

EXECUTION COPY 

 
for the life of the Participant with no further payments to anyone after his or her death, and (ii) a married Participant shall be deemed to have elected payment in the form of a reduced
monthly annuity for the life of the Participant with, after the Participant’s death, a 50% survivor annuity for the life of the Participant’s spouse. Actuarial adjustments shall be based on the factors set forth in the Qualified Pension
Plan. 
 (b) Lump Sum Option. This Section shall not apply to Participants who first become eligible
for participation in the Plan after December 16, 2005. In lieu of the forms described in Section 2(a) of Article V, a Participant may make a one-time initial election to receive a full lump sum payment in an amount which is the Actuarial
Equivalent of a monthly annuity for the life of the Participant with no further payments to anyone after his or her death, provided the election is filed with the Company in writing no later than December 31, 2008 (or such other date determined
by the Senior Vice President, Human Resources and communicated to Participants) and the Participant’s employment has not terminated employment prior to filing the election. For all Participants who elect a lump sum under this Section 2(b),
the lump sum payment shall be made six (6) months following the later of (i) the month in which the Participant has a Termination of Employment, or (ii) the month in which the Participant attains age fifty-five (55). No interest shall
be paid between the date of Termination of Employment or attainment of age fifty-five (55), as applicable, and the payment date. All elections under this Section (b) must be made in the form and manner prescribed by the Company. Such election
shall be irrevocable except as provided in Section 2(e) of Article V. 
 (c) Cash-out of Small
Benefits. Notwithstanding the above, if the Value of the sum of the benefits payable to a Participant or Beneficiary under this Plan does not exceed $10,000, all such benefits will be paid in a single lump sum payment in full discharge of all
liabilities with respect to such benefits. For purposes of this Section, Value shall be determined as of the Participant’s Termination of Employment or attainment of age fifty-five (55), as applicable, and shall mean the present value of a
Participant’s or Beneficiary’s benefits, excluding the Grandfathered 2004 Benefit, based (i) for terminations prior to January 1, 2008 upon the applicable mortality table and applicable interest rate in Code section
417(e)(3)(ii), or for Terminations of Employment on or after January 1, 2008, upon the applicable mortality table and applicable interest rate under Code section 417(e)(3), as amended by the Pension Protection Act of 2006, for the calendar
month preceding the Plan Year in which the Termination of Employment or attainment of age fifty-five (55) occurs. Notwithstanding the foregoing sentence, benefits paid under this Section 2.c. to a Participant who is reasonably determined
by the Company to be a “specified employee” within the meaning of Code section 409A(2)(B)(i), shall not commence before six (6) months following the later of (i) the month in which the Participant has a Termination of Employment,
or (ii) the month in which the Participant attains age fifty-five (55). No interest shall be paid between the date of Termination of Employment or attainment of age fifty-five (55), as applicable, and the payment date. 

(d) Payment Upon Death or Disability. 

i. Death. No other death benefits are provided under this Plan other than as specified in this Section 2.d.i.

 A. Pre-Retirement Survivor Benefit. In the event the Participant dies prior to Termination of Employment or the
attainment of age fifty-five (55), a pre-retirement survivor benefit will be payable to the Participant’s surviving spouse (if any) (the “Pre-Retirement Survivor Benefit” and the “Surviving Spouse”) in the form elected by
the Participant under the terms of the Plan. If the Participant’s benefit was payable in a lump sum, the lump sum shall be the Actuarial Equivalent of a monthly annuity payable for the life of the Surviving Spouse with no further payments to
anyone after his or her death. The 

  
 9 

EXECUTION COPY 

 
Pre-Retirement Survivor Benefit shall commence as soon as administratively practicable (but no later than 90 days) following the later of (i) the month in which the Participant dies, or
(ii) the month in which the Participant would have attained age fifty-five (55). Notwithstanding the foregoing, with respect to all Participants who validly elected a lump sum under Section 2.b., a lump sum Pre-Retirement Survivor Benefit
shall be paid to the Participant’s Surviving Spouse six (6) months following the later of (i) the month in which the Participant dies, or (ii) the month in which the Participant would have attained age fifty-five (55). No
Pre-Retirement Survivor Benefit is payable to anyone other than the Participant’s Surviving Spouse. 
 B. Death
After Termination of Employment or Attainment of Age 55. If a Participant who is required to wait six (6) months for a lump sum payment (in accordance with Section 2 of Article V) dies after the Participant’s Termination of
Employment or attainment of age fifty-five (55), as applicable, but before payment is made, the lump sum payment shall be made to the Participant’s Beneficiary as administratively practicable (but no later than 90 days) following the death of
the Participant. 
 ii. Disability. Notwithstanding the provisions of this Article V, the benefit of
a Disabled Participant who is eligible for a disability pension from the Lockheed Martin Retirement Income Plan or the Lockheed Martin Corporation Retirement Income Plan III shall be paid in the form elected by the Participant under the terms of the
Plan as soon as administratively practicable (but no later than 90 days) following the date the Participant is reasonably determined by the Company to be Disabled. For the purposes of this Section 2.d.ii., the terms “Disabled” or
“Disability” shall have the meaning set forth in the Lockheed Martin Retirement Income Plan or the Lockheed Martin Corporation Retirement Income Plan III, as applicable, to the extent consistent with the requirements of Code section
409A(a)(2(C). 
 (e) Prospective Change of Payment Elections. Participants may elect to change the form of payment
of benefits or further delay the commencement of benefits as provided in this Section 2(e). All elections under this Section 2(e) must be made in the form and manner prescribed by the Company. This Section 2(e) does not apply to
Surviving Spouses or Beneficiaries. Subject to the provisions of Code section 409A, other changes in the form of benefit, including changes between actuarially equivalent forms of benefit, if any, may be made only as determined by the Senior Vice
President, Human Resources, of the Company in accordance with Code section 409A. 
  

	 	i.	 Form of Payment. A Participant who has validly elected (or deemed to have elected) payment as an annuity (as described in Section 2(a)
of Article V) or has validly elected a lump sum payment (in accordance with Section 2(b) of Article V) may later elect to receive payment in any form (annuity or lump sum) designated by the Senior Vice President, Human Resources, of the
Company, provided that such election is made in the form and manner determined by the Senior Vice President, Human Resources not less than twelve (12) months before the date the payment would have first commenced under the Participant’s
prior election. In addition, the first payment under the new election must commence no earlier than sixty (60) months from the date when the payment would have first commenced under the Participant’s prior election. Such change in election
shall not be given effect until twelve (12) months from the date that the change in election is delivered to the Company. 

  

	 	j.	 ii. Timing of Payment. Regardless of the form of payment, a Participant may elect to delay payment of his benefit provided such election is
made in writing in the form and manner determined by the Senior Vice President, Human Resources, not less than twelve (12) months before the date the payment would have first commenced under the Participant’s prior election.

  
 10 

EXECUTION COPY 

	 	 
In addition, the first payment under the new election must commence no earlier than sixty (60) months from when the payment would have first commenced under the Participant’s prior
election. No interest shall be paid between the date of Termination of Employment or attainment of age fifty-five (55), as applicable, and the payment date. Such change in election shall not be given effect until twelve (12) months from the
date that the change in election is delivered to the Company. 

 f. Notwithstanding the above, for periods prior to
January 1, 2009, (or such later date as may be provided by the Internal Revenue Service in guidance of general applicability), the Senior Vice President, Human Resources may provide alternative rules for elections with respect to the
commencement of payment and form of payment, provided that such rules conform to Code section 409A and Internal Revenue Service guidance issued thereunder. 

g. If a Participant participates in more than one supplemental pension plan sponsored by the Corporation, the Participant must make a single
election that shall apply to his or her benefits under all such plans with respect to the form of annuity (under Section 2(a) of this Article 5) and with respect to prospective changes of payment (under Section 2(e) of this Article 5).

 3. Deductibility of Payments. Subject to the provisions of Section Code section 409A, in the event that the Company reasonably
anticipates that the payment of benefits in accordance with the Participant’s election under Section 2 would prevent the Company from claiming an income tax deduction with respect to any portion of the benefits paid under Code section
162(m), the Committee shall have the right to delay the timing of distributions from the Participant’s Account as necessary to maximize the Company’s tax deductions. In the exercise of its discretion to adopt a delayed distribution
schedule, the Committee shall undertake to have distributions made at such times and in such amounts as the Company reasonably anticipates, or should reasonably anticipate, that if the payment is made during such year, the deduction will not be
barred by Code section 162(m) or upon a Termination of Employment in accordance with Treasury Regulation section 1.409A-2(b)(7)(i) , consistent with the objective of maximum deductibility for the Company. The
Committee shall have no authority to reduce a Participant’s Account Balance or to pay aggregate benefits less than the Participant’s Account Balance in the event that all or a portion thereof would not be deductible by the Company. All
scheduled payments under this Plan and any other plan required to be aggregated with this Plan must be delayed in order for such payment to be delayed pursuant to this Section 8. 

4. Change of Law. Notwithstanding anything herein to the contrary, if the Committee determines in good faith, based on
consultation with counsel and in accordance with the requirements of Code section 409A, that the federal income tax treatment or legal status of this Plan has or may be adversely affected by a change in the Code, Title I of the Employee Retirement
Income Security Act of 1974, or other applicable law or by an administrative or judicial construction thereof, the Committee may direct that the benefits of affected Participants or of all Participants be distributed as soon as practicable after
such determination is made, to the extent deemed necessary or advisable by the Committee to cure or mitigate the consequences, or possible consequences of, such change in law or interpretation thereof. 

5. Acceleration upon Change in Control. Notwithstanding any other provision of the Plan, the accrued benefit of each
Participant shall be one-hundred percent (100%) vested and be distributed in a single lump sum within fifteen (15) calendar days following a “Change in Control.” 

For purposes of this Plan, a Change in Control shall include and be deemed to occur upon the following events: 

 

	 	(a)	 A tender offer or exchange offer is consummated for the ownership of securities of the Company representing 25% or more of the combined voting
power of the Company’s then outstanding voting securities entitled to vote in the election of directors of the Company. 

  

  
 11 

EXECUTION COPY 

	 	(b)	 The Company is merged, combined, consolidated, recapitalized or otherwise reorganized with one or more other entities that are not Company
Subsidiaries and, as a result of the merger, combination, consolidation, recapitalization or other reorganization, less than 75% of the outstanding voting securities of the surviving or resulting corporation shall immediately after the event be
owned in the aggregate by the stockholders of the Company (directly or indirectly), determined on the basis of record ownership as of the date of determination of holders entitled to vote on the action (or in the absence of a vote, the day
immediately prior to the event). 

  

	 	(c)	 Any person (as this term is used in Sections 3(a)(9) and 13(d)(3) of the Exchange Act, but excluding any person described in and satisfying the
conditions of Rule 13d-1(b)(1) thereunder), becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 25% or more of the combined voting power of the
Company’s then outstanding securities entitled to vote in the election of directors of the Company. 

  

	 	(d)	 At any time within any period of two years after a tender offer, merger, combination, consolidation, recapitalization, or other reorganization or a
contested election, or any combination of these events, the “Incumbent Directors” shall cease to constitute at least a majority of the authorized number of members of the Board. For purposes hereof, “Incumbent Directors” shall
mean the persons who were members of the Board immediately before the first of these events and the persons who were elected or nominated as their successors or pursuant to increases in the size of the Board by a vote of at least three-fourths of
the Board members who were then Board members (or successors or additional members so elected or nominated). 

  

	 	(e)	 The stockholders of the Company approve a plan of liquidation and dissolution or the sale or transfer of substantially all of the Company’s
business and/or assets as an entirety to an entity that is not a Company Subsidiary. 

 Notwithstanding
the foregoing, no distribution shall be made solely on account of a Change in Control and prior to the benefit commencement date specified in Section 2 of Article V unless the Change in Control is both an event qualifying for a distribution of
deferred compensation under Section 409A(a)(2)(A)(v) of the Code and an event qualifying under this Section 5. 

This Section 5 shall apply only to a Change in Control of Lockheed Martin Corporation and shall not cause immediate
payout of benefits under this Plan in any transaction involving the Company’s sale, liquidation, merger, or other disposition of any subsidiary. 

The Committee may cancel or modify this Section 5 at any time prior to a Change in Control. In the event of a Change in
Control, this Section 5 shall remain in force and effect, and shall not be subject to cancellation or modification for a period of five years, and any defined term used in Section 5 shall not, for purposes of Section 5, be subject to
cancellation or modification during the five year period 
 6. Tax Withholding. To the extent required by law, the
Company shall withhold from benefit payments hereunder any Federal, state, or local income or payroll taxes required to be withheld and shall furnish the recipient and the applicable government agency or agencies with such reports, statements, or
information as may be legally required. No benefit payments shall be made to the Participant until the withholding obligation for taxes under Code sections 3101(a) and 3101(b) has been satisfied with respect to the Participant. 

7. Retiree Medical Withholding. A Participant may direct the Company to withhold from the Participant’s benefit
payments hereunder all or a portion of the amount that the Participant is required to pay for Company-provided retiree medical coverage. 
  

  
 12 

EXECUTION COPY 

 8. Reemployment. The retirement benefit otherwise payable hereunder to any Participant who
previously retired or otherwise had a Termination of Employment and is subsequently reemployed may not be suspended during the Participant’s period of reemployment except as permitted under Code section 409A. 

9. Mistaken Payments. No Participant or Beneficiary shall have any right to any payment made (1) in error, (2) in
contravention to the terms of the Plan, the Code, or ERISA, or (3) because the Committee or its delegates were not informed of any death. The Committee shall have full rights under the law and ERISA to recover any such mistaken payment, and the
right to recover attorney’s fees and other costs incurred with respect to such recovery. Recovery shall be made from future Plan payments, or by any other available means. 

ARTICLE VI 
 EXTENT OF
PARTICIPANTS’ RIGHTS 
 1. Unfunded Status of Plan. This Plan constitutes a mere contractual promise by the
Company to make payments in the future, and each Participant’s rights shall be those of a general, unsecured creditor of the Company. No Participant shall have any beneficial interest in any specific assets that the Company may hold or set
aside in connection with this Plan. Notwithstanding the foregoing, to assist the Company in meeting its obligations under this Plan, the Company may set aside assets in a trust or trusts described in Revenue Procedure 92-64, 1992-2 C.B. 422, and the
Company may direct that its obligations under this Plan be satisfied by payments out of such trust or trusts. The assets of any such trust will remain subject to the claims of the general creditors of the Company. It is the Company’s intention
that the Plan be unfunded for Federal income tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974. 

2. Nonalienability of Benefits. A Participant’s rights under this Plan shall not be assignable or transferable and any purported
transfer, assignment, pledge or other encumbrance or attachment of any payments or benefits under this Plan, or any interest therein shall not be permitted or recognized, other than the designation of, or passage of payment rights to, a Beneficiary
or transfer of an interest in this Plan to a Participant’s spouse, former spouse, or child incident to divorce under a Qualified Domestic Relations Order (which shall be interpreted and administered in accordance with Code sections 414(p)(1)(B)
and 409A), provided that the form of payment designated in such order is an annuity as provided in Section 2(a) of Article V. 

3. Forfeiture. If, following the date on which a Participant shall retire under this Plan, a Participant shall engage
in the operation or management of a business, whether as owner, stockholder, partner, officer, employee, consultant, or otherwise, which at such time is in competition with the Company or any of its subsidiaries, or shall disclose to unauthorized
persons information relative to the business of the Company or any of its subsidiaries which the Participant shall have reason to believe is confidential, or otherwise act, or conduct oneself, in a manner which the Participant shall have reason to
believe is contrary to the best interest of the Company, or shall be found by the Committee to have committed an act during the term of the Participant’s employment which would have justified the Participant being discharged for cause, the
Participant’s retirement benefit under this Plan shall terminate. Application of this Section will be at the discretion of the Committee. 

ARTICLE VII 
 AMENDMENT
OR TERMINATION 
 1. Amendment. The Board or its authorized delegate may amend, modify, suspend or discontinue
this Plan at any time subject to any shareholder approval that may be required under applicable law, provided, however, that no such amendment shall have the effect of reducing a Participant’s accrued benefit or postponing the time when a
Participant is entitled to receive a distribution of his accrued benefit unless each affected Participant consents to such change. 

  
 13 

EXECUTION COPY 

 2. Termination. The Board reserves the right to terminate this Plan at any
time and at such times that the Board reasonably determines in its discretion is appropriate and conforms to the requirements of Code section 409A, to pay all Participants their accrued benefits in a lump sum or to make other provisions for the
payment of benefits (e.g. purchase of annuities) immediately following such termination or at such time thereafter as the Board may determine. 

3. Transfer of Liability. The Board reserves the right to transfer to another entity all of the obligations of Company
with respect to a Participant under this Plan if such entity agrees pursuant to a binding written agreement with the Company or its subsidiaries to assume all of the obligations of the Company under this Plan with respect to such Participant. 

4. Merger. The Board reserves the right to merge all or part of this Plan with or into another plan, provided
(1) such other plan preserves all of the obligations of the Company under this Plan with respect to such Participant and (2) each Participant in the Plan would (if the Plan then terminated) receive a benefit immediately after the merger
which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger (if the Plan had then terminated). 

ARTICLE VIII 

ADMINISTRATION 

1. The Committee. This Plan shall be administered by the Management Development and Compensation Committee of the Board
or such other committee of the Board as may be designated by the Board. The members of the Committee shall be designated by the Board. A majority of the members of the Committee (but not fewer than two) shall constitute a quorum. The vote of a
majority of a quorum or the unanimous written consent of the Committee shall constitute action by the Committee. The Committee and its delegates (including the Claims Administrator) shall have full discretion to construe and interpret the terms and
provisions of the Plan, which interpretation or construction shall be final, conclusive and binding on all parties, including but not limited to the Company and any Participant or Beneficiary, except as otherwise provided by law. Notwithstanding
anything contained in the Plan or in any document issued under the Plan, it is intended that the Plan will at all times conform to the requirements of Code section 409A and any regulations or other guidance issued thereunder, and that the provisions
of the Plan will be interpreted to meet such requirements. If any provision of the Plan is determined not to conform to such requirements, the Plan shall be interpreted to omit such offending provision. 

2. Delegation and Reliance. The Committee may delegate to the officers or employees of the Company the authority to
execute and deliver those instruments and documents, to do all acts and things, and to take all other steps deemed necessary, advisable or convenient for the effective administration of this Plan in accordance with its terms and purpose. In making
any determination or in taking or not taking any action under this Plan, the Committee or its delegate may obtain and rely upon the advice of experts, including professional advisors to the Company. Except as otherwise provided in Section 6,
the Committee delegates the authority to adjudicate claims to the Pension Plans Administrative Committee. No member of the Committee or officer of the Company who is a Participant hereunder may participate in any decision specifically relating to
his or her individual rights or benefits under the Plan. 
 3. Exculpation and Indemnity. Neither the Company nor any
member of the Board or of the Committee, nor any other person participating in any determination of any question under this Plan, or in the interpretation, administration or application thereof, shall have any liability to any party for any action
taken or not taken in 

  
 14 

EXECUTION COPY 

 
good faith under this Plan or for the failure of the Plan or any Participant’s rights under the Plan to achieve intended tax consequences, or to comply with any other law, compliance with
which is not required on the part of the Company. 
 4. Facility of Payment. If a minor, person declared incompetent,
or person incapable of handling the disposition of his or her property is entitled to receive a benefit, make an application, or make an election hereunder, the Committee or the Claims Administrator may direct that such benefits be paid to, or such
application or election be made by, the guardian, legal representative, or person having the care and custody of such minor, incompetent, or incapable person. Any payment made, application allowed, or election implemented in accordance with this
Section shall completely discharge the Company and the Committee (or Claims Administrator) from all liability with respect thereto. 

5. Proof of Claims. The Committee or Claims Administrator may require proof of the death, disability, incompetency,
minority, or incapacity of any Participant or Beneficiary and of the right of a person to receive any benefit or make any application or election. 

6. Claim Procedures. The procedures when a claim under this Plan is wholly or partially denied by the Claims
Administrator are as follows: 
  

	 	(a)	The Claims Administrator shall, within 90 days after receipt of a claim, furnish to claimant a written notice setting forth, in a manner calculated to be understood by claimant: (1) the specific reason or reasons
for the denial; (2) specific reference to pertinent Plan provisions on which the denial is based; (3) a description of any additional materials or information necessary for the claimant to perfect the claim and an explanation of why such
material or information is necessary; (4) an explanation of the steps to be taken if the claimant wishes to have the denial reviewed; and (5) a statement of the claimant’s right to bring a civil action under section 502(a) of ERISA
following an adverse determination on review. The 90 day period may be extended for not more than an additional 90 days if special circumstances make such an extension necessary. The Claims Administrator shall give the claimant, before the end of
the initial 90 day period, a written notice of such extension, stating such special circumstances and the date by which the Claims Administrator expects to render a decision. 

 

	 	(b)	By a written application filed with the Claims Administrator within 60 days after receipt by claimant of the written notice described in paragraph (a), the claimant or his duly authorized representative may request
review of the denial of his claim. 

  

	 	(c)	In connection with such review, the claimant or his duly authorized representative may submit issues, comments, documents, records and other information relating to the claim for benefits to the Claims Administrator. In
addition, the claimant will be provided, upon request and free of charge, reasonable access to and copies of all documents, records, or other information “relevant” to claimant’s claim for benefits. A document, record, or other
information is “relevant” if it: (1) was relied upon in making the benefit determination; (2) was submitted, considered or generated in the course of making the benefit determination, without regard to whether such document,
record or information was relied upon in making the benefit determination; or (3) demonstrates compliance with administrative processes and safeguards required under Federal law. 

 

	 	(d)	 The Plan will provide an impartial review that takes into account all comments, records and other information submitted by the claimant relating to
the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The Claims Administrator shall make a decision and furnish such decision in writing to the claimant within 60 days

  
 15 

EXECUTION COPY 

	 	 
after receipt by the Claims Administrator of the request for review. This period may be extended to not more than 120 days after such receipt if special circumstances make such an extension
necessary. The claimant will be notified in writing prior to the expiration of the original 60 day period if such an extension is required, and such notice will include the reason for the extension and the date by which it is expected that a
decision will be reached. The decision on review shall be in writing, set forth in a manner calculated to be understood by the claimant and shall include: (1) the specific reasons for the decision; (2) specific reference to the pertinent
Plan provisions on which the decision is based; (3) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents, records, and other information “relevant” to
the claimant’s claim for benefits; (4) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; (5) a statement
describing any voluntary appeal procedures and the claimant’s right to obtain information about such procedures, if any; and (6) a statement of the claimant’s right to bring a civil action under section 502(a) of ERISA following an
adverse benefit determination on review. If in the event that the reviewing committee must make a determination of disability in order to decide a claim, the reviewing committee shall follow the special claims procedures for disability benefits
described in Department of Labor Regulation section 2560.503-1(d). The reviewing committee shall render a decision within a reasonable time (not to exceed 90 days) after the claimant’s request for review, rather than within 120 days as set
forth in the above paragraph. 

 (e) The Claims Administrator shall be the Lockheed Martin Corporation Pension Plans
Administrative Committee. Notwithstanding the foregoing, with respect to claims and appeals brought by elected officers of the Company, the Claims Administrator shall be the Committee. 

ARTICLE IX 
 GENERAL AND
MISCELLANEOUS PROVISIONS 
 1. This Plan shall not in any way obligate the Company to continue the employment of a
Participant with the Company, nor does this Plan limit the right of the Company at any time and for any reason to terminate the Participant’s employment. In no event shall this Plan constitute an employment contract of any nature whatsoever
between the Company and a Participant. In no event shall this Plan by its terms or implications in any way limit the right of the Company to change an Eligible Employee’s compensation or other benefits. 

2. Any benefits accrued under this Plan shall not be treated as compensation for purposes of calculating the amount of a
Participant’s benefits or contributions under any pension, retirement, or other plan maintained by the Company, except as provided in such other plan. 

3. Any written notice to the Company referred to herein shall be made by mailing or delivering such notice to the Company at
6801 Rockledge Drive, Bethesda, Maryland 20817, to the attention of Pension Plan Operations. Any written notice to a Participant shall be made by delivery to the Participant in person, through electronic transmission, or by mailing such notice to
the Participant at his or her place of residence or business address. 
 4. In the event it should become impossible for the
Company or the Committee to perform any act required by this Plan, the Company or the Committee may perform such other act as it in good faith determines will most nearly carry out the intent and the purpose of this Plan. 

5. Each Eligible Employee shall be deemed conclusively to have accepted and consented to all the terms of this Plan and all
actions or decisions made by the Company, the Board, or Committee with regard to the Plan. 
  

  
 16 

EXECUTION COPY 

 6. The provisions of this Plan shall be binding upon and inure to the benefit of
the Company, its successors, and its assigns, and to the Participants and their heirs, executors, administrators, and legal representatives. 

7. A copy of this Plan shall be available for inspection by Participants or other persons entitled to benefits under the Plan
at reasonable times at the offices of the Company. 
 8. The validity of this Plan or any of its provisions shall be
construed, administered, and governed in all respects under and by the laws of the State of Maryland, except as to matters of Federal law. If any provisions of this instrument shall be held by a court of competent jurisdiction to be invalid or
unenforceable, the remaining provisions hereof shall continue to be fully effective. 
 9. This Plan and its operation,
including the payment of cash hereunder, is subject to compliance with all applicable Federal and state laws, rules and regulations and such other approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for
the Company, be necessary or advisable in connection therewith. 
 ARTICLE X 

EFFECTIVE DATE 
 This
Plan, including any amendment and restatement of the prior plans, is generally effective July 1, 2015 or such other date set forth herein for a particular provision. 

Lockheed Martin Corporation has caused this instrument to be executed the 20th day of July, 2015.

  

			
	LOCKHEED MARTIN CORPORATION
		
	By:		/s/ Patricia L. Lewis
			Patricia L. Lewis
			Senior Vice President, Human Resources

 APPENDIX A TO JANUARY 1, 2005 RESTATEMENT 

This Appendix A shall apply to the portion of a Participant’s benefit that accrued and vested on or before
December 31, 2004. This Appendix A shall not apply to the portion of a Participant’s benefit that accrues or becomes vested on or after January 1, 2005. 

ARTICLE I 
 PURPOSES OF
THE PLAN 
 The purposes of the Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed
Martin Corporation (the “Plan”) are: 
  

	 	(a)	 to provide an additional retirement benefit for certain employees whose regular retirement benefits have been limited as a result of employment
service at a Lockheed Martin company that does not have a Qualified Pension Plan; and 

  

  
 17 

EXECUTION COPY 

	 	(b)	 to provide the above employees with those benefits that cannot be paid from the tax-qualified plans of Lockheed Martin Corporation and its
subsidiaries because of the limitations on contributions and benefits contained in Internal Revenue Code sections 415 and 401(a)(17). 

The following plans and predecessor plans are amended, restated and merged to form this Plan, effective July 1, 2004:

  

	 	3.	 Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed Martin Corporation (formerly known as the Supplemental
Retirement Benefit Plan for Certain Transferred Employees of Lockheed Corporation) 

  

	 	4.	 Incentive Retirement Benefit Plan for Certain Executives of Lockheed Martin Corporation (formerly known as the Incentive Retirement Benefit Plan
for Certain Executives of Lockheed Corporation) 

 ARTICLE II 

DEFINITIONS 

Unless the context indicates otherwise or the term is defined below, all terms shall be defined in accordance with the
Lockheed Martin Corporation Salaried Retirement Program: 
  

	 	1.	 ACTUARIAL EQUIVALENT – The Actuarial Equivalent shall mean a benefit which has the equivalent value computed using the interest rate which
would be used by the Pension Benefit Guaranty Corporation to determine the present value of an immediate lump sum distribution on termination of a pension plan, as in effect on first day of the month of termination of employment plus one percent
(1%), and the 1983 Group Annuity Mortality Table with sex distinction. 

  

	 	2.	 BENEFICIARY — The person or persons designated by the Participant as his or her beneficiary under the applicable Qualified Pension Plan (or,
if the Participant has never been covered under a Qualified Pension Plan, the person or persons designated by the Participant as his or her beneficiary under this Plan on such form as required by the Committee). If no beneficiary is designated under
the Qualified Pension Plan or under this Plan, or if no designated beneficiary survives the Participant, the Participant’s estate shall be the beneficiary. 

 

	 	3.	 BOARD — The Board of Directors of Lockheed Martin Corporation. 

 

	 	4.	 CODE — The Internal Revenue Code of 1986, as amended. 

 

	 	5.	 COMMITTEE — The committee described in Section 1 of Article VIII. 

 

	 	6.	 COMPANY – Lockheed Martin Corporation and its subsidiaries. 

 

	 	7.	 ELIGIBLE EMPLOYEE — An employee of the Company who meets the eligibility criteria in Section 1 of Article III or Section 1 of
Article IV, and who satisfies such additional requirements for participation in this Plan as the Committee may from time to time establish. The Lockheed Martin Pension Plans Administrative Committee (the “Pension Committee”) shall
interpret the participation requirements established by the Committee for all Participants except elected officers subject to Section 16(b) of the Securities and Exchange Act of 1934. Determinations of participation requirements for elected
officers shall be made by the Committee 

  

  
 18 

EXECUTION COPY 

 8. PARTICIPANT — An Eligible Employee who meets the requirements for
participation contained in Article III or Article IV; the term shall include a former employee and survivors/beneficiaries whose benefit has not been fully distributed. A Participant shall cease to be an active Participant upon termination of
employment, when he ceases to be an Eligible Employee, or when he ceases to meet the requirements for participation as amended from time to time. 

9. QUALIFIED PENSION PLAN – The Lockheed Martin Corporation Retirement Plan for Certain Salaried Employees, the Lockheed
Martin Corporation Retirement Income Plan and the Lockheed Martin Corporation Retirement Income Plan III, or any successor plans. 

10. PLAN – The Supplemental Retirement Benefit Plan for Certain Transferred Employees of Lockheed Martin Corporation, or
any successor plan. 
  

	 	11.	 YEAR — The calendar year. 

ARTICLE III 
 TRANSFER
BENEFITS 
 1. Eligibility. Benefits pursuant to this Article III are available to employees of the Company who:

  

	 	(a)	 are Members of the Qualified Pension Plan, and 

  

	 	(b)	 are transferred to a Participating Company that does not have a Qualified Pension Plan, and 

 

	 	(c)	 are identified by such Participating Company as a key employee at the time of such transfer, and 

 

	 	(d)	 are designated in writing by the Committee as a Participant in this Plan. 

A “Participating Company” is a business unit designated in writing by the Committee as a unit participating in this Plan. A list of
Participating Units is set forth in Schedule 1. 
 2. Amount of Benefit. The benefit that each Participant shall be
entitled to receive is the difference between the Participant’s actual benefit under the Qualified Pension Plan and the benefits that would have been payable under that Plan, subject to the offset below, if: 

 

	 	(a)	 the Qualified Pension Plan had determined pensionable earnings on a “mix and match” basis, as defined below; 

 

	 	(b)	 the Participant’s period of employment service as a Participant at a Participating Company at which no Credited Service is earned was deemed
to be years of Credited Service under the Qualified Pension Plan; and 

  

	 	(c)	 the Participant’s benefit under the Qualified Pension Plan had not been limited by Code section 415 and/or Code section 401(a)(17).

 If a Participant’s compensation under the Management Incentive Compensation Plan
(“MICP”) is included in pensionable earnings under the Qualified Pension Plan, the Participant’s total pensionable earnings shall be determined on a “mix and match” basis. The Participant’s annual compensation earned
under the MICP shall be calculated separately from other annual pensionable earnings. The average of the three (3) highest years 

  
 19 

EXECUTION COPY 

 
of MICP compensation during the last 10 years shall be added to the average of the three (3) highest years of other pensionable earnings during the last 10 years to arrive at total final
average pensionable earnings for the applicable period under the Qualified Pension Plan. 
 The above benefit (the
“Transfer Benefit”) shall be offset by the benefits payable on behalf of the Participant under the Lockheed Martin Corporation Capital Accumulation Plan (the “Lockheed Martin CAP”) and under the Lockheed Martin Account Balance
Retirement Plan (“ABRP”). In calculating the offset, the Participant’s total account balance from the Lockheed Martin CAP shall be converted into an annuity using the 1983 Group Annuity Mortality Table for males and the PBGC interest
rate. The benefits payable under the Lockheed Martin CAP shall be calculated as of the Participant’s termination of employment, using the Actuarial Equivalent. If the Participant received any prior distributions from the Lockheed Martin CAP,
the Transfer Benefit shall be reduced by the annuity value of the prior distribution, using the Lockheed Martin CAP distribution amount, the PBGC interest rate plus 1% and Participant’s age on the date of distribution. The Transfer Benefit is
then reduced for the amount of the normal retirement benefit from the ABRP. 
 Combined benefits under this Article III,
the Lockheed Martin CAP and the ABRP are intended to supplement the Participant’s actual benefit under the Qualified Pension Plan as necessary to provide the Participant with the full benefit the Participant would have received under the
Qualified Pension Plan on a “mix and match” basis, without regard to the limitations of Code section 415 and Code section 401(a)(17), and with the special adjustments described above. To prevent duplication of benefits, the full benefit
under the Qualified Pension Plan and the enhanced Transfer Benefit described above shall be calculated without reduction for Code section 415 and Code section 401(a)(17), then reduced by the benefit payable from the Qualified Pension Plan, and then
reduced by the benefit payable from the Lockheed Martin CAP and ABRP. The remainder of the benefit shall be paid from this Plan. Participants have no right to duplicate benefits with respect to the same period of service, and the Committee may make
such adjustments to the benefits under this Plan as the Committee deems necessary to prevent duplication of benefits. 

The benefit payable under this Article III shall be payable to the Participant or Beneficiary or any other person who is
receiving or entitled to receive benefits with respect to the Participant under the Qualified Pension Plan. 
 If the
benefits payable under the Qualified Pension Plan to any Participant are increased following the Participant’s retirement as a result of a general increase in the benefits payable to retired employees under that Plan, no such increase will be
made under this Plan unless the Committee expressly so provides in writing. 
 3. Plan Freeze 

Notwithstanding anything herein to the contrary, base rate of pay, bonuses or other incentive compensation, or other amounts
earned for or relating to the period after December 31, 2015 shall not be used in determining benefits under the Plan, and service after December 31, 2019 shall not be considered, deemed to be, or otherwise treated as Credited Service or
similar benefit accrual service in determining benefits payable under this Plan. 

  
 20 

EXECUTION COPY 

 ARTICLE IV 

INCENTIVE BENEFITS 

1. Eligibility. Benefits pursuant to this Article IV are available to the employees described below. However, an
employee who terminated employment with Lockheed Corporation prior to January 1, 1984, when eligible for a deferred retirement benefit under Section 5.03 of the Lockheed Retirement Plan for Certain Salaried Employees is not eligible to
receive a benefit under this Article IV. 
 An employee or former employee of Lockheed Martin Corporation and its
subsidiaries who: 
  

	 	(a)	 is employed by a Lockheed Martin business unit that is not covered by a Qualified Pension Plan, and 

 

	 	(b)	 is identified by such business unit as a key employee, and 

 

	 	(c)	 at the time of eligibility for benefits is, or for any year during his or her last ten (10) years of service with Lockheed Martin Corporation
was, a participant in the Lockheed Martin Corporation Management Incentive Compensation Plan (including the Deferred Management Incentive Compensation Plan of Lockheed Martin Corporation), or any incentive compensation plan of any subsidiary or
affiliated corporation of Lockheed Martin Corporation which the Committee determines is a corresponding incentive plan; and 

  

	 	(d)	 who has been specifically designated in writing by the Committee as a Participant; and 

 

	 	(e)	 who is not eligible for a benefit under Article III of this Plan. 

2. Amount of Benefit. 

A. Normal or Disability Retirement. The benefit payable under this Article IV to a Participant at normal retirement
age is the difference between the Participant’s actual benefit under the Lockheed Martin Retirement Plan for Certain Salaried Employees (or such other Qualified Pension Plan as designated by the Committee (the “Designated Qualified
Plan”) and the benefits that would have been payable under that Plan, subject to the offset below, if: 
  

	 	(a)	 the Designated Qualified Plan had determined pensionable earnings on a “mix and match” basis, as defined below; 

 

	 	(b)	 the Participant’s period of employment service as a Participant with the Company at which no Credited Service is earned because the
Participant was not in a covered group or because of a limitation on Credited Service under the Qualified Pension Plan was deemed to be years of Credited Service under the Designated Qualified Pension Plan; and 

 

	 	(c)	 the Participant’s benefit under the Designated Qualified Plan had not been limited by Code section 415 and/or Code section 401(a)(17).

 If a Participant’s compensation under the Management Incentive Compensation Plan
(“MICP”) is included in pensionable earnings under the Qualified Pension Plan, the Participant’s total pensionable earnings shall be determined on a “mix and match” basis. The Participant’s annual compensation earned
under the MICP shall be calculated separately from other annual pensionable earnings. The average of the highest years of MICP compensation shall be added to the average of the highest years of other pensionable earnings to arrive at total final
average pensionable earnings for the applicable period under the Qualified Pension Plan. 

  
 21 

EXECUTION COPY 

 The above benefit (the “Incentive Benefit”) shall be offset by the
benefits payable on behalf of the Participant under the Lockheed Martin Corporation Capital Accumulation Plan (the “Lockheed Martin CAP”) and under the Lockheed Martin Account Balance Retirement Plan (“ABRP”). In calculating the
offset, the Participant’s total account balance from the Lockheed Martin CAP shall be converted into an annuity using the 1983 Group Annuity Mortality Table and the PBGC interest rate. The benefits payable under the Lockheed Martin CAP shall be
calculated as of the Participant’s termination of employment, using the Actuarial Equivalent. If the Participant received any prior distributions from the Lockheed Martin CAP, the Incentive Benefit shall be reduced by the annuity value of the
prior distribution, using the Lockheed Martin CAP distribution amount, PBGC immediate interest rate for lump sums rate plus 1% and Participant’s age on the date of distribution. The Incentive Benefit is then reduced for the amount of the
Participant’s normal retirement benefit from the ABRP. 
 B. Early Retirement. The benefit payable under this
Article IV to a Participant who satisfies the Designated Qualified Plan rules for early retirement eligibility as set forth in Article IV of the Qualified Pension Plan or for a deferred monthly retirement benefit in accordance with the rules set
forth in Article VIII of the Qualified Pension Plan, whether or not such Participant is a member of the Qualified Pension Plan, shall be calculated in accordance with the provisions of Article V of the Qualified Pension Plan, for early retirement,
or Article VIII of the Qualified Pension Plan, for deferred retirement, as applied to the benefit amount calculated in accordance with Paragraph A, above. 

C. Pre-Retirement Surviving Spouse Benefit. If a Pre-retirement Surviving Spouse Benefit would have applied had the
Participant been eligible to participate in the Designated Qualified Plan, such survivor benefit shall automatically apply to any benefit which he or she may be eligible under this Plan. The survivor benefit shall be adjusted and paid in the same
manner as such pension payable under the Designated Qualified Plan would be adjusted and paid on account of such survivor benefit. 

Combined benefits under this Article IV, the Lockheed Martin CAP and the ABRP are intended to supplement the
Participant’s actual benefit under the Qualified Pension Plan as necessary to provide the Participant with the full benefit the Participant would have received under the Qualified Pension Plan on a “mix and match” basis, without
regard to the limitations of Code section 415 and Code section 401(a)(17), and with the special adjustments described above. To prevent duplication of benefits, the full benefit under the Qualified Pension Plan and the enhanced Incentive Benefit
described above shall be calculated without reduction for Code section 415 and Code section 401(a)(17), then reduced by the benefit payable from the Qualified Pension Plan, and then reduced by the benefit payable from the Lockheed Martin CAP and
ABRP. The remainder of the benefit shall be paid from this Plan. Participants have no right to duplicate benefits with respect to the same period of service, and the Committee may make such adjustments to the benefits under this Plan as the
Committee deems necessary to prevent duplication of benefits. 
 The benefit payable under this Article IV shall be payable
to the Participant or Beneficiary or any other person who would be entitled to receive benefits with respect to the Participant under the Designated Qualified Plan. 

If the benefits that would be payable under the Designated Qualified Plan to any Participant are increased following the
Participant’s retirement as a result of a general increase in the benefits payable to retired employees under that Plan, no such increase will be made under this Plan unless the Committee expressly so provides in writing. 

  
 22 

EXECUTION COPY 

 3. Plan Freeze 

Notwithstanding anything herein to the contrary, base rate of pay, bonuses or other incentive compensation, or other amounts
earned for or relating to the period after December 31, 2015 shall not be used in determining the Incentive Benefit or benefits under the Plan, and service after December 31, 2019 shall not be considered, deemed to be, or otherwise treated
as Credited Service or similar benefit accrual service in determining benefits payable under the Plan. 
 ARTICLE V 

PAYMENT OF BENEFITS 

1. Vesting. Except as provided in Article VI, and subject to the Company’s right to discontinue the Plan as
provided in Article VII, a Participant shall have a non-forfeitable interest in benefits payable under this Plan to the same extent as benefits are vested under the applicable Qualified Pension Plan. As provided in Article VI, if a Participant
acquires a right to receive payments under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. 

2. Form of Payment. Benefits shall be paid in the same form at the same times and for the same period as benefits are
paid with respect to the Participant under the applicable Qualified Pension Plan, except as provided in the following paragraphs. Actuarial adjustments shall be based on the factors set forth in the Qualified Pension Plan, except as provided in the
following paragraphs. If the benefits payable under this Plan correspond to Qualified Pension Plan benefits with multiple commencement dates, each portion of the benefits payable under this Plan shall be paid at the same time as the corresponding
portion of the benefits is paid from the Qualified Pension Plan. If a Participant is not entitled to benefits under the Qualified Pension Plan, benefits shall be paid as if the Participant had been a member of the Lockheed Martin Retirement Plan for
Certain Salaried Employees (or such other Qualified Retirement Plan as designated by the Committee) and had chosen from among the forms of payment available under such Plan. If an Employee’s benefits under the Qualified Pension Plan are
suspended for any month in accordance with the re-employment provisions thereof, the Participant’s benefit for that month shall likewise be suspended under Articles III and IV of this Plan. 

Lump Sum Option. A Participant may irrevocably elect to receive a full or partial single lump sum payment in an amount
which is the actuarial equivalent of the benefit described above. The actuarial equivalent will be computed using the Actuarial Equivalent, and with no interest for the period between the date of termination of employment and the payment date. This
election must be made within the time period for electing the form of benefit under the corresponding Qualified Pension Plan, by filing a written election in the form and manner prescribed by the Company. Payment will be made six (6) months
following the date payments would otherwise begin pursuant to the above paragraph. If a Participant is not entitled to benefits under the Qualified Pension Plan, the Participant may make the election at any time after the Participant would have
qualified for early retirement under the Qualified Pension Plan had the Participant been a member of such Plan. Payment will be made six (6) months following the date of such Participant’s election. 

Pre-Retirement Survivor Benefit. In the event the Participant dies prior to the date his or her retirement has
commenced under this Plan and the corresponding Qualified Pension Plan, the pre-retirement survivor benefit payable to the surviving spouse (if any) under this Plan (the “Pre-Retirement Survivor Benefit” and the “Surviving
Spouse”) will be payable, at the election of the Surviving Spouse, in any of the following forms: 
  

	 	(a)	 in the form of a monthly annuity payable to the Surviving Spouse for his lifetime, with no further payments to anyone after his death (which will
be referred to as the “Regular Form”); 

  
 23 

EXECUTION COPY 

	 	(b)	 in the form of a lump sum payment which is the actuarial equivalent of the Regular Form (the “100% Lump Sum”), but with actuarial
equivalence determined as of the Election Date using the Actuarial Equivalent, and with no interest for the period between the Election Date (or, if later, the date the Participant would have attained age 55 had he survived) and the payment date; or

  

	 	(c)	 in the form of a combined lump sum and life annuity benefit of (x) and (y), where (x) equals a lump sum amount selected by the Surviving
Spouse which is less than the 100% Lump Sum and (y) is a monthly single life annuity for the life of Surviving Spouse (with no further payments to anyone after his death) in an amount that can be provided with the difference between
(x) and the 100% Lump Sum. 

 Any election to receive the benefit in the form of a lump sum as set forth in
(b) above or a combined lump sum and annuity as set forth in (c) above must be made by the Surviving Spouse no later than 90 days after the date of the Participant’s death or, if later, the date the Participant would have attained age
55 had he survived (with the date such election is made by the Surviving Spouse referred to as the “Election Date”). In the event the Surviving Spouse makes an election for a lump sum or partial lump sum payment within this period, payment
will not be made to the Surviving Spouse until six months after the Election Date (or, if later, six months after the date the benefit would otherwise be payable under this Plan). 

Cash-out of Small Benefits. Notwithstanding the above, if the Value of the sum of the benefits payable to a
Participant or Beneficiary under this Plan does not exceed the amount that may be distributed without consent under Section 411(a)(11) of the Code, all such benefits will be paid in a single lump sum payment in full discharge of all liabilities
with respect to such benefits. For purposes of this Section, Value shall be determined as of the Participant’s termination of employment, and shall mean the present value of a Participant’s or Beneficiary’s benefits based upon the
applicable mortality table and applicable interest rate in Code section 417(e)(3)(ii) for the calendar month preceding the Plan Year in which the termination of employment occurs. 

3. Deductibility of Payments. In the event that the payment of benefits under Section 2 would prevent the Company
from claiming an income tax deduction with respect to any portion of the benefits paid, the Committee shall have the right to modify the form and timing of distributions as necessary to maximize the Company’s tax deductions. In the exercise of
its discretion to adopt a modified distribution schedule, the Committee shall undertake to have distributions made at such times and in such amounts as most closely approximate the payment method described in Section 2, consistent with the
objective of maximum deductibility for the Company. The Committee shall have no authority to reduce a Participant’s accrued benefit under this Plan or to pay aggregate benefits less than the Participant’s accrued benefit in the event that
all or a portion thereof would not be deductible by the Company. 
 4. Change of Law. Notwithstanding anything to the
contrary herein, if the Committee determines in good faith, based on consultation with counsel, that the federal income tax treatment or legal status of this Plan has or may be adversely affected by a change in the Code, Title I of the Employee
Retirement Income Security Act of 1974, or other applicable law or by an administrative or judicial construction thereof, the Committee may direct that the benefits of affected Participants or of all Participants be distributed as soon as
practicable after such determination is made, to the extent deemed necessary or advisable by the Committee to cure or mitigate the consequences, or possible consequences of, such change in law or interpretation thereof. 

5. Acceleration upon Change in Control. 

Notwithstanding any other provision of the Plan, the accrued benefit of each Participant shall be distributed in a single
lump sum within fifteen (15) calendar days following a “Change in Control.” 
  

  
 24 

EXECUTION COPY 

 For purposes of this Plan, a Change in Control shall include and be deemed to
occur upon the following events: 
  

	 	(a)	 A tender offer or exchange offer is consummated for the ownership of securities of the Company representing 25% or more of the combined voting
power of the Company’s then outstanding voting securities entitled to vote in the election of directors of the Company. 

  

	 	(b)	 The Company is merged, combined, consolidated, recapitalized or otherwise reorganized with one or more other entities that are not Subsidiaries
and, as a result of the merger, combination, consolidation, recapitalization or other reorganization, less than 75% of the outstanding voting securities of the surviving or resulting corporation shall immediately after the event be owned in the
aggregate by the stockholders of the Company (directly or indirectly), determined on the basis of record ownership as of the date of determination of holders entitled to vote on the action (or in the absence of a vote, the day immediately prior to
the event). 

  

	 	(c)	 Any person (as this term is used in Sections 3(a)(9) and 13(d)(3) of the Exchange Act, but excluding any person described in and satisfying the
conditions of Rule 13d-1(b)(1) thereunder), becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 25% or more of the combined voting power of the
Company’s then outstanding securities entitled to vote in the election of directors of the Company. 

  

	 	(d)	 At any time within any period of two years after a tender offer, merger, combination, consolidation, recapitalization, or other reorganization or a
contested election, or any combination of these events, the “Incumbent Directors” shall cease to constitute at least a majority of the authorized number of members of the Board. For purposes hereof, “Incumbent Directors” shall
mean the persons who were members of the Board immediately before the first of these events and the persons who were elected or nominated as their successors or pursuant to increases in the size of the Board by a vote of at least three-fourths of
the Board members who were then Board members (or successors or additional members so elected or nominated). 

  

	 	(e)	 The stockholders of the Company approve a plan of liquidation and dissolution or the sale or transfer of substantially all of the Company’s
business and/or assets as an entirety to an entity that is not a Subsidiary. 

 This Section 5 shall
apply only to a Change in Control of Lockheed Martin Corporation and shall not cause immediate payout of benefits under this Plan in any transaction involving the Company’s sale, liquidation, merger, or other disposition of any subsidiary. 

The Committee may cancel or modify this Section 5 at any time prior to a Change in Control. In the event of a Change in
Control, this Section 5 shall remain in force and effect, and shall not be subject to cancellation or modification for a period of five years, and any defined term used in Section 5 shall not, for purposes of Section 5, be subject to
cancellation or modification during the five year period 
 6. Tax Withholding. To the extent required by law, the
Company shall withhold from benefit payments hereunder any Federal, state, or local income or payroll taxes required to be withheld and shall furnish the recipient and the applicable government agency or agencies with such reports, statements, or
information as may be legally required. No benefit payments shall be made to the Participant until the withholding obligation for taxes under Code sections 3101(a) and 3101(b) has been satisfied with respect to the Participant. 

 

  
 25 

EXECUTION COPY 

 7. Retiree Medical Withholding. A Participant may direct the Company to
withhold from the Participant’s benefit payments hereunder all or a portion of the amount that the Participant is required to pay for Company-provided retiree medical coverage. 

8. Reemployment. The retirement benefit otherwise payable hereunder to any Participant who previously retired or
otherwise had a Termination of Employment and is subsequently reemployed shall be treated in a manner consistent with the treatment of the benefit under the applicable Qualified Pension Plan or Designated Qualified Plan. 

9. Mistaken Payments. No Participant or Beneficiary shall have any right to any payment made (1) in error,
(2) in contravention to the terms of the Plan, the Code, or ERISA, or (3) because the Committee or its delegates were not informed of any death. The Committee shall have full rights under the law and ERISA to recover any such mistaken payment,
and the right to recover attorney’s fees and other costs incurred with respect to such recovery. Recovery shall be made from future Plan payments, or by any other available means. 

ARTICLE VI 
 EXTENT OF
PARTICIPANTS’ RIGHTS 
 1. Unfunded Status of Plan. This Plan constitutes a mere contractual promise by the
Company to make payments in the future, and each Participant’s rights shall be those of a general, unsecured creditor of the Company. No Participant shall have any beneficial interest in any specific assets that the Company may hold or set
aside in connection with this Plan. Notwithstanding the foregoing, to assist the Company in meeting its obligations under this Plan, the Company may set aside assets in a trust or trusts described in Revenue Procedure 92-64, 1992-2 C.B. 422, and the
Company may direct that its obligations under this Plan be satisfied by payments out of such trust or trusts. The assets of any such trust will remain subject to the claims of the general creditors of the Company. It is the Company’s intention
that the Plan be unfunded for Federal income tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974. 

2. Nonalienability of Benefits. A Participant’s rights under this Plan shall not be assignable or transferable and
any purported transfer, assignment, pledge or other encumbrance or attachment of any payments or benefits under this Plan, or any interest therein shall not be permitted or recognized, other than the designation of, or passage of payment rights to,
a Beneficiary or transfer of an interest in this Plan to a Participant’s former spouse incident to divorce under a Qualified Domestic Relations Order. 

3. Forfeiture. If, following the date on which a Participant shall retire under this Plan, a Participant shall engage
in the operation or management of a business, whether as owner, stockholder, partner, officer, employee, consultant, or otherwise, which at such time is in competition with the Company or any of its subsidiaries, or shall disclose to unauthorized
persons information relative to the business of the Company or any of its subsidiaries which the Participant shall have reason to believe is confidential, or otherwise act, or conduct oneself, in a manner which the Participant shall have reason to
believe is contrary to the best interest of the Company, or shall be found by the Committee to have committed an act during the term of the Participant’s employment which would have justified the Participant being discharged for cause, the
Participant’s retirement benefit under this Plan shall terminate. Application of this Section will be at the discretion of the Committee. 

  
 26 

EXECUTION COPY 

 ARTICLE VII 

AMENDMENT OR TERMINATION 

1. Amendment. The Board or its authorized delegate may amend, modify, suspend or discontinue this Plan at any time
subject to any shareholder approval that may be required under applicable law, provided, however, that no such amendment shall have the effect of reducing a Participant’s accrued benefit or postponing the time when a Participant is entitled to
receive a distribution of his accrued benefit unless each affected Participant consents to such change. 
 2.
Termination. The Board reserves the right to terminate this Plan at any time and to pay all Participants their accrued benefits in a lump sum or to make other provisions for the payment of benefits (e.g. purchase of annuities) immediately
following such termination or at such time thereafter as the Board may determine. 
 3. Transfer of Liability. The
Board reserves the right to transfer to another entity all of the obligations of Company with respect to a Participant under this Plan if such entity agrees pursuant to a binding written agreement with the Company or its subsidiaries to assume all
of the obligations of the Company under this Plan with respect to such Participant. 
 4. Merger. The Board reserves
the right to merge all or part of this Plan with or into another plan, provided (1) such other plan preserves all of the obligations of the Company under this Plan with respect to such Participant and (2) each Participant in the Plan would
(if the Plan then terminated) receive a benefit immediately after the merger which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger (if the Plan had then terminated). 

ARTICLE VIII 

ADMINISTRATION 

1. The Committee. This Plan shall be administered by the Management Development and Compensation Committee of the Board
or such other committee of the Board as may be designated by the Board. The members of the Committee shall be designated by the Board. A majority of the members of the Committee (but not fewer than two) shall constitute a quorum. The vote of a
majority of a quorum or the unanimous written consent of the Committee shall constitute action by the Committee. The Committee and its delegates (including the Claims Administrator) shall have full discretion to construe and interpret the terms and
provisions of the Plan, which interpretation or construction shall be final, conclusive and binding on all parties, including but not limited to the Company and any Participant or Beneficiary, except as otherwise provided by law. Except as otherwise
provided in Section 6, the Committee delegates the authority to adjudicate claims to the Pension Plans Administrative Committee. 

2. Delegation and Reliance. The Committee may delegate to the officers or employees of the Company the authority to
execute and deliver those instruments and documents, to do all acts and things, and to take all other steps deemed necessary, advisable or convenient for the effective administration of this Plan in accordance with its terms and purpose. In making
any determination or in taking or not taking any action under this Plan, the Committee or its delegate may obtain and rely upon the advice of experts, including professional advisors to the Company. No member of the Committee or officer of the
Company who is a Participant hereunder may participate in any decision specifically relating to his or her individual rights or benefits under the Plan. 

3. Exculpation and Indemnity. Neither the Company nor any member of the Board or of the Committee, nor any other person
participating in any determination of any question under this Plan, or in the interpretation, 

  
 27 

EXECUTION COPY 

 
administration or application thereof, shall have any liability to any party for any action taken or not taken in good faith under this Plan or for the failure of the Plan or any
Participant’s rights under the Plan to achieve intended tax consequences, or to comply with any other law, compliance with which is not required on the part of the Company. 

4. Facility of Payment. If a minor, person declared incompetent, or person incapable of handling the disposition of his
or her property is entitled to receive a benefit, make an application, or make an election hereunder, the Committee or the Claims Administrator may direct that such benefits be paid to, or such application or election be made by, the guardian, legal
representative, or person having the care and custody of such minor, incompetent, or incapable person. Any payment made, application allowed, or election implemented in accordance with this Section shall completely discharge the Company and the
Committee (or the Claims Administrator) from all liability with respect thereto. 
  

	5.	 Proof of Claims. The Committee and the Claims Administrator may require proof of the death, disability, incompetency, minority, or
incapacity of any Participant or Beneficiary and of the right of a person to receive any benefit or make any application or election. 

  

	6.	 Claim Procedures. The procedures when a claim under this Plan is wholly or partially denied by Claims Administrator are as follows:

  

	 	(a)	 The Claims Administrator shall, within 90 days after receipt of a claim, furnish to claimant a written notice setting forth, in a manner calculated
to be understood by claimant: (1) the specific reason or reasons for the denial; (2) specific reference to pertinent Plan provisions on which the denial is based; (3) a description of any additional materials or information necessary
for the claimant to perfect the claim and an explanation of why such material or information is necessary; (4) an explanation of the steps to be taken if the claimant wishes to have the denial reviewed; and (5) a statement of the
claimant’s right to bring a civil action under section 502(a) of ERISA following an adverse determination on review. The 90 day period may be extended for not more than an additional 90 days if special circumstances make such an extension
necessary. The Claims Administrator shall give the claimant, before the end of the initial 90 day period, a written notice of such extension, stating such special circumstances and the date by which the Claims Administrator expects to render a
decision. 

  

	 	(b)	 By a written application filed with the Claims Administrator within 60 days after receipt by claimant of the written notice described in paragraph
(a), the claimant or his duly authorized representative may request review of the denial of his claim. 

  

	 	(c)	 In connection with such review, the claimant or his duly authorized representative may submit issues, comments, documents, records and other
information relating to the claim for benefits to the Claims Administrator. In addition, the claimant will be provided, upon request and free of charge, reasonable access to and copies of all documents, records, or other information
“relevant” to claimant’s claim for benefits. A document, record, or other information is “relevant” if it: (1) was relied upon in making the benefit determination; (2) was submitted, considered or generated in the
course of making the benefit determination, without regard to whether such document, record or information was relied upon in making the benefit determination; or (3) demonstrates compliance with administrative processes and safeguards required
under federal law. 

  
 28 

EXECUTION COPY 

	 	(d)	 The Plan will provide an impartial review that takes into account all comments, records and other information submitted by the claimant relating to
the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The Claims Administrator shall make a decision and furnish such decision in writing to the claimant within 60 days after receipt
by the Claims Administrator of the request for review. This period may be extended to not more than 120 days after such receipt if special circumstances make such an extension necessary. The claimant will be notified in writing prior to the
expiration of the original 60 day period if such an extension is required, and such notice will include the reason for the extension and the date by which it is expected that a decision will be reached, 

 

	 	(e)	 The decision on review shall be in writing, set forth in a manner calculated to be understood by the claimant and shall include: (1) the
specific reasons for the decision; (2) specific reference to the pertinent Plan provisions on which the decision is based; (3) a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to and
copies of all documents, records, and other information “relevant” to the claimant’s claim for benefits; (4) a description of any additional material or information necessary for the claimant to perfect the claim and an
explanation of why such material or information is necessary; (5) a statement describing any voluntary appeal procedures and the claimant’s right to obtain information about such procedures, if any; and (6) a statement of the
claimant’s right to bring a civil action under section 502(a) of ERISA following an adverse benefit determination on review. 

  

	 	(f)	 In the event that the Claims Administrator must make a determination of disability in order to decide a claim, the Claims Administrator shall
follow the special claims procedures for disability benefits described in Department of Labor Regulation section 2560.503-1(d). The Claims Administrator shall render a decision within a reasonable time (not to exceed 90 days) after the
claimant’s request for review, rather than within 120 days as set forth in the above paragraph. 

  

	 	(g)	 For purposes of this Section 6, claimant shall include the duly authorized representative of claimant, if any. 

 

	 	(h)	 The Claims Administrator shall be the Lockheed Martin Corporation Pension Plans Administration Committee. Notwithstanding the foregoing, with
respect to claims and appeals brought by elected officers of the Company, the Claims Administrator shall be the Committee. 

ARTICLE IX 
 GENERAL AND
MISCELLANEOUS PROVISIONS 
 1. This Plan shall not in any way obligate the Company to continue the employment of a
Participant with the Company, nor does this Plan limit the right of the Company at any time and for any reason to terminate the Participant’s employment. In no event shall this Plan constitute an employment contract of any nature whatsoever
between the Company and a Participant. In no event shall this Plan by its terms or implications in any way limit the right of the Company to change an Eligible Employee’s compensation or other benefits. 

2. Any benefits accrued under this Plan shall not be treated as compensation for purposes of calculating the amount of a
Participant’s benefits or contributions under any pension, retirement, or other plan maintained by the Company, except as provided in such other plan. 

  
 29 

EXECUTION COPY 

 3. Any written notice to the Company referred to herein shall be made by mailing
or delivering such notice to the Company at 6801 Rockledge Drive, Bethesda, Maryland 20817, to the attention of Pension Plan Operations. Any written notice to a Participant shall be made by delivery to the Participant in person, through electronic
transmission, or by mailing such notice to the Participant at his or her place of residence or business address. 
 4. In
the event it should become impossible for the Company or the Committee to perform any act required by this Plan, the Company or the Committee may perform such other act as it in good faith determines will most nearly carry out the intent and the
purpose of this Plan. 
 5. Each Eligible Employee shall be deemed conclusively to have accepted and consented to all the
terms of this Plan and all actions or decisions made by the Company, the Board, or Committee with regard to the Plan. 
 6.
The provisions of this Plan shall be binding upon and inure to the benefit of the Company, its successors, and its assigns, and to the Participants and their heirs, executors, administrators, and legal representatives. 

7. A copy of this Plan shall be available for inspection by Participants or other persons entitled to benefits under the Plan
at reasonable times at the offices of the Company. 
 8. The validity of this Plan or any of its provisions shall be
construed, administered, and governed in all respects under and by the laws of the State of Maryland, except as to matters of Federal law. If any provisions of this instrument shall be held by a court of competent jurisdiction to be invalid or
unenforceable, the remaining provisions hereof shall continue to be fully effective. 
 9. This Plan and its operation,
including the payment of cash hereunder, is subject to compliance with all applicable Federal and state laws, rules and regulations and such other approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for
the Company, be necessary or advisable in connection therewith. 

  
 30 

EXECUTION COPYExhibit
10.1

 

Contract
No.: COAMCSJZ2015-DFZZ01

 

Supplemental
Agreement

 

Among

 

Shijiazhuang
Office of China Orient Asset Management Corporation

 

And

 

Hebei
Baoding Orient Paper Milling Company Limited

 

And

 

Baoding
Shengde Paper Co., Ltd.

 

And

 

Zhenyong
Liu, Xiaodong Liu and Shuangxi Zhao

 

    	 

    	 

    

 

Party
A: Shijiazhuang Office of China Orient Asset Management Corporation (hereinafter referred to as “Party A”)

Person-in-charge:
Yi Wang

Address:
20th Floor, Orient Building, No. 83, Zhongshan West Road, Shijiangzhuang City

 

Party
B: Hebei Baoding Orient Paper Milling Company Limited (hereinafter referred to as “Party B”) (Lessee and Debtor)

Legal
representative: Zhenyong Liu

Address:
Wuji Village, Xushui County, Baoding City, Hebei Province

 

Party
C1: Baoding Shengde Paper Co., Ltd. (Guarantor)

Legal
representative: Zhenyong Liu

Address:
Nanhuan Road, Xushui County, Baoding City, Hebei Province

 

Party
C2: Zhenyong Liu (Guarantor)

Address:
No.92, Third District, Liuzhuang Village, Xushui County, Baoding City, Hebei Province

ID
No.: 13062519630822311X

 

    	1

    	 

    

 

Party
C3: Xiaodong Liu (Guarantor)

Address:
No.113, South Chaoyang Street 268, Xinshi District, Baoding City, Hebei Province

ID
No.: 132423197408117114

 

Party
C4: Shuangxi Zhao (Guarantor)

Address:
No.201, Unit 2, Building 1, Xinyuan Community, West Zhenxing Road, Ansu Town, Xushui County, Baoding City, Hebei Province

ID
No.: 13242319640606005X

 

Party
C1, Party C2, Party C3 and Party C4 are collectively called Party C.

 

Whereas:

 

1.
China Orient Asset Management Corporation is a solely state-owned non-bank financial institution, which is founded pursuant to
approval by the State Council and the People’s Bank of China. Party A is a branch of China Orient Asset Management Corporation,
and has the Financial Institution Business Certificate and Business License issued by the Chinese government’s
banking regulatory authority and the commercial administrative authority, respectively.

 

    	2

    	 

    

 

2.
China National Foreign Trade Financial & Leasing Co., Ltd. (“CNFTFL”) has entered into a Lease Financing Agreement
(Agreement No.: ZMZ-2013-0031) with Party B on June 16, 2013. CNFTFL has paid the leasing purchase price to Party B in according
with relevant provisions of the agreement, and Party B has not fulfilled its repayment obligation under the lease financing agreement,
therefore, CNFTFL has the creditor’s right against Party B. According to the Asset Transfer Agreement (Z.M.Z. (2013)
Z. No. 7-1-1) signed by CNFTFL with Party A and Party B, CNFTFL has transferred its claims for Party C’s unpaid obligations
(including principal and interest) hereunder to Party A. The above transfer has been made legally effective, and Party B and Party
C hereby confirmed.

 

3.
To facilitate Party B’s debt settlement and Party A’s exercise of claims, all parties agreed to adjust the repayment
of the above claims pursuant to the related provisions of this agreement.

 

To
this end, the parties are in accordance with relevant laws and regulations and through friendly negotiation conclude the agreement
on debt repayment related matters, in WITNESS WHEREOF:

 

Article
1 Debt Confirmation

 

The
parties confirmed that, as of June 15, 2015, the amount of unpaid debt of Party B to Party A under the Lease Financing Agreement:
the principal was RMB Seventy Five Million Yuan (lowercased: 75,000,000 yuan) and the interest was RMB Four Million Three Hundred
Twenty Nine Thousand Three Hundred and Five Point Five Six Yuan (lowercased: 4,329,305.56 yuan), a total of RMB Seventy Nine Million
Three Hundred Twenty Nine Thousand Three Hundred and Five Point Five Six Yuan (lowercased: 79,329,305.56 yuan) (hereinafter referred
to as the “Debt Amount”).

 

    	3

    	 

    

  

Article
2 Modification of Debt Maturity and Interest Rate

 

Party
A agrees to adjust the debt repayment schedule and other matters under Article 1, changing the final maturity date to June 21,
2017 from June 21, 2016. From June 16, 2015, the debt interest rate is changed to 15% per annum. The underlying debt bears a daily
interest, with the daily interest rate=annual rate/360. Debt interest will take the debt amount as the calculation base, and the
formula shall be: debt amount×annual rate/360×actual number of days.

 

If
Party B pays off the entire Debt Amount before December 21, 2015, the debt will bear an annual interest rate of 13% from June
16, 2015. The previously overcharged interest by Party A shall be deducted from the last repayment of Party B.

 

    	4

    	 

    

 

Article
3 Repayment Schedule

 

3.1
Payment of debt interest

 

Debt
interest hereunder shall be paid on a quarterly basis in the following manner: accrued from June 16, 2015, and the payment date
will be March 21, June 20, September 20 and December 20 of each year,
and the last payment of interest shall be made on the date of the final debt principal maturity. If the payment
date is a legal holiday, it will be extended to the next working day. The first interest payment date after signing this Agreement
will be July 31, 2015.

 

3.2
Repayment schedule of debt principal

 

Party
B will follow the following arrangements to repay the debt principal amount:

 

	Serial
    number	Repayment
    time	Amount
    (Unit: ten thousand yuan)
	1	December
    21, 2015	1,500
	2	June
    21, 2016	2,000
	3	December
    21, 2016	2,000
	4	June
    21, 2017	2,000
	Total	7,500

 

3.3
Repayment account

 

The
debt principal amount, debt interest and other payments paid by Party B should be remitted to the account designated by Party
A, as follows:

 

Account
name: Shijiazhuang Office of China Orient Asset Management Corporation

Deposit
bank: Shijiazhuang Zhongshan Branch, Bank of China

Account
No.: 100147727814

 

    	5

    	 

    

 

3.4
Repayment order

 

If
any payment made by Party B is insufficient to cover the total amount due and payables required hereunder (including but not limited
to the principal amount, debt interest, damages, and the costs incurred for the realization of Party A’s claims, etc.),
the the settlement shall be applied in the following order (according to the respective ratios in the same order):

 

(1)
Expenses that should be borne by Party B while advanced by Party A and the costs incurred for the realization of Party A’s
claims;

 

(2)
Damages incurred for the breach of this Agreement by Party B;

 

(3)
Debt interest;

 

(4)
Debt principal amount.

 

    	6

    	 

    

 

3.5
Prepayment

 

With
the written consent of Party A, Party B may select (1) below to repay in advance:

 

(1)
Repay the debt principal amount and debt interest in advance, wholly or partially; each prepayment amount shall not be less than
5 million yuan.

 

(2)
Repay RMB         yuan (lowercased:             )
in advance on  Month        Date        Year;

 

(3)
Others.

 

If
Party B is willing to repay in advance, then Party B should put forward a notice of repayment application 10 working days in advance,
which will be considered to be irrevocable after Party A’s written confirmation.

 

3.6
Reserved Fund

 

(1)
Beginning in the second month after the signing of this Agreement, Party B should reserve the repayment funds in the bank account
of 0409016009245030421 in ICBC Xushui Branch. Monthly reserve amount shall not be less than 3 million yuan. Such fund shall be
specifically used to return the above debt owed to Party A. Party B should submit bank statement to Party A before the 10th
day of next month.

 

    	7

    	 

    

 

The
performance of above reserve funds obligation is only a guarantee for Party B to fulfill its repayment, and shall not be deemed
as repayment to Party B, and shall not affect Party A’s calculation and collection of the debt principal amount, interest
and other costs (“Actual number of days” in interest calculation formula will not be reduced due to the aforementioned
fund reserve, and other costs payable to Party A by Party B shall not be offset or reduced due to the aforementioned fund reserve).

 

(2)
If Party B fails to carry out the fund reserve according to the preceding clause, Party C should supplement the reserve within
10 working days to ensure the performance of Party B’s repayment obligations. Party C’s supplementing obligation under
this article shall not affect its guarantee liability under the Guaranty Contract.

 

Article
4 Repayment Guarantee 

 

Party
B uses its land use rights on the state-owned land (land certificate No.: X.G.Y. (2012) No.011) to provide [mortgage] guarantee;
Party C1, Party C2, Party C3 and Party C4 provide a [joint responsibility] guarantee.

 

    	8

    	 

    

 

Article
5 Commitments and Warranties

 

5.1
Party A’s commitments and warranties:

 

(1)
Party A has the Financial Institution Business Certificate and Business License issued by the Chinese banking regulatory
authority and the commercial administrative authority, respectively.

 

(2)
Party A is entitled to sign this Agreement and related documents, and to perform the rights and obligations hereunder.

 

5.2
Party B’s commitments and warranties:

 

(1)
Party B is a business entity, registered in accordance with the laws and regulations of the People's Republic of China, and has
all necessary rights and authorization and can engage in operating activities thereof or participate in the proceedings in its
own name, and enjoys legal disposition right for its managed assets.

 

(2)
Party B voluntarily signs and performs this Agreement, with its bona fide intention. The signing and performance under the aforementioned
authorization neither violates the articles of incorporation of Party B or any laws and regulations binding Party B, competent
authorities’ relevant documents, judgments and adjudication, nor does it violate greement already signed or assumed obligations
of Party B. Party B has obtained all consents, approval and authorization to sign and fulfill this Agreement, and the required
procedures have been legally completed and taken effect.

 

(3)
All documents, data, report forms, certificates and information that are provided to Party A by Party B for the purpose of the
debt hereunder is accurate, true, complete and valid.

 

    	9

    	 

    

 

(4)
To avoid the reduction of Party B’s performance ability to effect the implementation of this Agreement, Party B hereby made
the irrevocable commitments, as follows:

 

1)
During the term of this Agreement, not to reduce the registered capital in any way or to assist in withdrawing the registered
capital.

 

2)
During the term of this Agreement, without prior written consent of Party A, not to provide any form of guarantee to a third party.

 

3)
During the term of this Agreement, if Party B intends to implement major business decisions or property right alternation that
may endanger its solvency to repay the obligations to Party A, Party B should send a written notice to Party A in advance, and
obtain the written consent before implementation. Party B’s major property right alternation or business decisions include,
but not limited to, the spin-off, merger, consolidation, reorganization, and the change of company organization form; property
and management right transaction in the ways of leasing, contracting, joint operation, trust and so on; use of the buildings,
machinery equipments and other fixed assets or trademarks, patents, proprietary technology, land use right and other intangible
assets as shares or to externally invest; use selling, leasing, transferring or other ways to dispose the all or partial assets.

 

    	10

    	 

    

 

(5)
To ensure that Party A is able to timely understand and acquire relevant information, Party B guarantees that Party A will enjoy
the full knowledge of Party B’s solvency, including but not limited to taking the following measures:

 

1)
Actively cooperate and consciously accept Party A’s inspection and supervision to its production and business and financial
activities, and provide all financial statements, expenditure vouchers, property inventory and other relevant materials according
to the Party A’s request at any time.

 

2)
If there is any significant events that may affect or reduce Party B’s solvency, such as significant litigation or arbitration,
enforcement and other events, Party B should immediately notify Party A in writing, and promptly take appropriate and effective
measures to protect Party A’s claims from damage.

 

3)
During the term of this Agreement, Party B shall promptly notify Party A in writing if its name, legal representative, address,
business scope and other matters have changes.

 

(6)
Party B shall act honestly, practically and responsibly and use its best efforts to closely coordinate and cooperate to promote
the smooth completion of payment of debt, and shall not engage in any act that may cause damages to its solvency.

 

    	11

    	 

    

 

(7)
Party B promised to fully pay the amounts thereof, without any condition or any claim for set-off and counterclaim or any other
defenses.

 

(8)
Party B shall bear the obligation of confidentiality. Party B is liable for the protecting the confidentiality of the documents
and business secret (hereinafter referred to as “Confidential Information”) obtained in the process of signing and
performing this Agreement. Without the written permission of Party A, Party B shall not provide (disclose) the Confidential Information
to any third party. Party B further commits to take all reasonable efforts and precautions to prevent any of its affiliates, employees,
or any other person or intermediary organizations and enterprises engaged by Party B from gaining and/or using and/or disclosing
any such Confidential Information without permission; regardless of has any change, suspension, rescission and termination, provisions
of this article are always binding to Party B, unless Party A agreed to relieve Party B of its confidential obligation in writing
or when situation exists that exempts Party B from the obligation of confidentiality and liability pursuant to laws.

 

(9)
Whereas Party B is currently building a plant on the mortgaged land and has yet to apply for property right registration, Party
B commits that it will initiate the procedures to apply for real estate mortgage for the benefit of Party A immediately after
the registration of property right.

 

    	12

    	 

    

 

5.3
Party C’s commitments and warranties:

 

(1)
Party C is a business entity (or the natural person who has full capacity for civil conduct and has the qualification and ability
to enter into and perform this Agreement), registered in accordance with the laws and regulations of the People's Republic of
China, and has all necessary rights and authorization and can engage in operating activities thereof or participate in the proceedings
in its own name, and enjoys legal disposition right for its managed assets.

 

(2)
Party C voluntarily signed and performed this Agreement, with its bona fide intention manifested herein. The signing and performance
under the aforementioned authorization neither violates the articles of incorporation of Party C or any laws and regulations binding
to Party C, competent authorities’ relevant documents, judgments and adjudication, nor does it violate any signed agreement
or assumed obligations of Party C. Party C has obtained all consents, approval and authorization to sign and fulfill this Agreement,
and the required procedures have been legally completed and taken effect.

 

(3)
All documents, data, report forms, certificates and information that are provided to Party A by Party C for the purpose of the
debt hereunder is accurate, true, complete and valid.

 

    	13

    	 

    

 

(4)
In the term of this Agreement, Party C shall promptly notify Party A in written if its name, legal representative, address, business
scope and other matters have changes.

 

(5)
Party C shall act honestly, practically and responsibly and shall not engage in any acts that may cause damages to its solvency.

 

(6)
Party C promised to bear guarantee obligations, without any condition and nor to make any claims for set-off and counterclaim
or any other defenses.

 

(7)
Party C shall bear the obligation of confidentiality. Party C is liable for the confidentiality of the documents and business
secret (hereinafter referred to as “Confidential Information”) obtained in the process of signing and performing this
Agreement. Without the written permission of Party A, Party C shall not provide (disclose) the Confidential Information to any
third party. Party C further commits to take all reasonable efforts and precautions to prevent its any affiliates, employees or
any other person or intermediary organizations and enterprises engaged by Party C from gaining and/or using and/or disclosing
any such Confidential Information without permission; regardless of any change, suspension, rescission and termination, provisions
of this article are always binding to Party C, unless Party A agreed to relieve Party C of its confidential obligation in writing
or situation exists that exempts it from the obligation of confidentiality and liability pursuant to laws.

 

    	14

    	 

    

 

Article
6 Liabilities for Breach of Agreement

 

6.1
In case of the following circumstances, Party B is deemed to breach the agreement:

 

(1)
Party B fails to repay the debt principal amount or any phase of debt interest on schedule;

 

(2)
Any party of Party C or Party B violates any commitment and warranties in Article 5 hereunder or other obligations agreed in this
Agreement;

 

(3)
Any party of Party C or Party B has material adverse changes in management, and Party A has reason to believe that these changes
will have a great adverse effect on the realization of the claims;

 

(4)
Any party of Party C or Party B violates the agreement under the Mortgage Contract, the Guarantee Contract or other
related contracts;

 

(5)
Party B violates the provisions relating to the Lease Financing Agreement.

 

    	15

    	 

    

 

(6)
Party B violates the provisions of funds reserve in Article 3.6 hereunder.

 

6.2
In the event of any breach in Article 6.1 hereunder, Party A is entitled to exercise the following rights, independently or simultaneously:

 

(1)
Recover the total amount of all overdue and unpaid debt principal amount and debt interest bearing an interest rate of 18.25%
per annum (and forego the daily liquidated damage of 0.05% in accordance with the Lease Financing Agreement);

 

(2)
Announce that the debt hereunder is due immediately and require Party B to repay the entire debt (including, but not limited to,
the debt principal amount and debt interest that should be paid under this Agreement);

 

(3)
Announce that the debt hereunder is due immediately and exercise relevant guarantee rights;

 

(4)
Other rights under laws and regulations.

 

6.3
If Party A is still unable to make up its losses after exercising above rights, Party A had the right to request Party B and Party
C to bear the liability for damage.

 

    	16

    	 

    

 

Article
7 Delivery and Notice

 

7.1
Unless otherwise agreed in this Agreement, all notices between parties thereof can be by fax, mail, express or other ways agreed
by parties to deliver to the address, as follows:

 

Party
A: Shijiazhuang Office of China Orient Asset Management Corporation

Contact:
Zaoqian Liu

TEL:
18603218705

FAX:
0311-88611789

Address:
20th Floor, Orient Building, No. 83, Zhongshan West Road, Shijiangzhuang City

Zip
code: 050000

 

Party
B: Hebei Baoding Orient Paper Milling Company Limited

Contact:
Xiangmei Liu

TEL:
13503360111

FAX:
0312-8698217

Address:
Nanhuan Road, Xushui District, Baoding City

Zip
code: 072550

 

    	17

    	 

    

 

Party
C1: Baoding Shengde Paper Co., Ltd.

Contact:
Xiangmei Liu

TEL:
13503360111

FAX:
0312-8698217

Address:
Nanhuan Road, Xushui District, Baoding City

Zip
code: 072550

 

Party
C2: Zhenyong Liu

TEL:
13603245198

Address:
Nanhuan Road, Xushui District, Baoding City (Office Area of Hebei Baoding Orient Paper Milling Company Limited)

 

Party
C3: Xiaodong Liu

TEL:
Xiaodong Liu

Address:
Nanhuan Road, Xushui District, Baoding City (Office Area of Hebei Baoding Orient Paper Milling Company Limited)

 

Party
C4: Shuangxi Zhao

TEL:
13503123095

Address:
Nanhuan Road, Xushui District, Baoding City (Office Area of Hebei Baoding Orient Paper Milling Company Limited)

 

    	18

    	 

    

 

7.2
Notice shall be deemed to be delivered to the notified party on the following date:

 

(1)
Sending by a registered letter, the date on the receipt holding by the sending party;

 

(2)
Sending by fax, the first working day after receiving the confirmation of successful transmission;

 

(3)
Sending by express mail, the date signing by the recipient is the delivery date, if not signed by the recipient, the fourth working
day after sending is the delivery date.

 

7.3
If one party’s mailing address or contact information has changes, it should notify other parties immediately in writing.
Any loss caused by notification not in time shall be borne by the party changing the mailing address or contact information.

 

Article
8 No Waiver 

 

Any
party’s failure to exercise any right or to take any actions on other party’s breach shall not be considered as a
waiver of any rights or a waiver to investigate the liability or obligation for breach of agreement. A waiver of any rights to
other party or a waiver to investigate others liabilities shall not be considered as a waiver of the investigation of any other
rights or any other faults. All waivers should be in writing.

 

    	19

    	 

    

 

Article
9 Applicable Laws and Dispute Resolution

 

9.1
The interpretation and execution of this agreement is under the laws of the Peoples’ Republic of China (for the purpose
of this Agreement, excluding Hong Kong, Macao and Taiwan).

 

9.2
Any dispute arising from or relating to this Agreement can be resolved through negotiation,. If negotiation fails, dispute shall
be resolved according to the following (1) way. During litigation or arbitration period, the terms of this Agreement that
don’t involve the disputing parts can be fulfilled. The parties must not refuse to perform any obligations hereunder by
reason of dispute resolution:

 

(1)
File a suit in the People’s Court in Party A’s location.

 

(2)
Submit to Shijiazhuang Arbitration Commission for arbitration in accordance with active rules of such Commission. Arbitral award
is final and binding on the parties.

 

(3)                        
(Others).

 

Unless
an effective judgment or award determined otherwise, the costs (including, but not limited to, legal fees and reasonable counsel
fees) actually paid by all parties for the litigation shall be borne by the losing party.

 

    	20

    	 

    

 

Article
11 Agreement Change, Modification and Termination

 

10.1
Change and modification of this Agreement should be in the form of a written agreement.

 

10.2
If this Agreement cannot be performed due to force majeure or other reasons, it can be terminated through negotiation and written
consent.

 

Article
11 Taking Effect and Others

 

11.1
This Agreement shall be established and effective since the date of signing by legal representative (responsible person) or authorized
agent and stamping with official seal.

 

11.2
All terms and conditions thereof are binding on all parties, their successors and other relevant obligors.

 

11.3
This Agreement is the supplemental agreement to No. ZMZ-2013-0031 Lease Financing Agreement and ZMZ (2013)Z.No. 7-1-1 Asset
Transfer Agreement, all of which have the same legal effect. And for the inconsistent parts among them, the supplemental agreement
shall prevail. Unaccomplished matters hereunder shall be executed according to ZMZ-2013-0031 Lease Financing Agreement
and ZMZ (2013)Z.No. 7-1-1 Asset Transfer Agreement.

 

11.4
This Agreement is in eleven copies, with Party A, Party B and Party C holding one copy and the rest for relevant procedures.

 

(No
Text)

 

    	21

    	 

    

 

(No
text in this page, a signature page of No. COAMCSJZ2015-DFZZ01 Supplemental Agreement)

 

Party
A: Shijiazhuang Office of China Orient Asset Management Corporation (sealed)

Responsible
person/authorized agent: Yi Wang (sealed)

 

Party
B: Hebei Baoding Orient Paper Milling Company Limited (sealed)

Responsible
person/authorized agent: /s/ Zhenyong Li

 

Party
C1: Baoding Shengde Paper Co., Ltd. (sealed)

Responsible
person/authorized agent: /s/ Zhenyong Liu

 

Party
C2: /s/ Zhenyong Liu

 

Party
C3: /s/ Xiaodong Liu

 

Party
C4: /s/ Shuangxi Zhao

Contract
date: July 1, 2015

Place:
Shijiazhuang City

 

 

22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]