Document:

Apogee Enterprises, Inc. 2012 Executive Management Incentive Plan

 Exhibit 10.1 
 APOGEE ENTERPRISES, INC. 2012 EXECUTIVE MANAGEMENT INCENTIVE PLAN 
 Section 1.
Purpose 
 The purpose of the Apogee Enterprises, Inc. 2012 Executive Management Incentive Plan (the “Plan”) is to
provide a direct financial incentive for executive officers of Apogee Enterprises, Inc., a Minnesota corporation (the “Company”), to make a significant contribution to the annual strategic and financial goals of the Company. 

Section 2. Establishment of Bonus Pool 
 The Committee (as defined in Section 3(a)) shall, not later than 90 days after the beginning of each fiscal year of the Company, establish a bonus pool (the “Bonus Pool”) equal to a
percentage (not to exceed 100%) of one or more of the following business criteria (“Company Performance Factors”) for the fiscal year for which Annual Bonus Pool Awards are being paid under this Plan. At the time that the Committee
establishes the Bonus Pool, the likelihood that the Company will achieve any of the Company Performance Factors upon which the Bonus Pool is based must be substantially uncertain. The following shall constitute the sole Company Performance Factors
upon which a Bonus Pool under this Plan shall be based: economic value added, sales or revenues, costs or expenses, net profit after tax, gross profit, operating profit, base earnings, earnings (whether before or after taxes), earnings before
interest, taxes, depreciation and amortization (EBITDA) as a percent of net sales, return on actual or pro forma equity or net assets or capital, net capital employed, earnings per share (basic or diluted), earnings per share from continuing
operations, operating income, pre-tax income, operating income margin, net income, total shareholder return or profitability, or both, as measured by one or more of the following accounting ratios: return on revenue, return on assets, return on
equity, return on invested capital and return on investments, shareholder return including performance (total shareholder return) relative to the Standard & Poor’s Small Cap 600 Index or similar index or performance (total shareholder
return) relative to the proxy comparator group, in both cases as determined pursuant to Item 201(e) of Regulation S-K promulgated under the Securities and Exchange Act of 1934, as amended, cash generation, cash flow (including free cash flow
and cash flow from operating, investing or financing activities or any combination thereof), unit volume and change in working capital. 
 The Bonus Pool shall be computed in accordance with generally accepted accounting principles as in effect from time to time and as applied by the Company in the preparation of its financial statements.
For purposes of the foregoing computation, changes in generally accepted accounting principles which occur during a fiscal year shall not be taken into account, and extraordinary items, discontinued operations and restructuring costs, as computed in
accordance with generally accepted accounting principles as in effect from time to time and as applied and reported by the Company in the preparation of its financial statements, shall also not be taken into account. The amount of any Bonus Pool may
be decreased (but not increased) at any time during a fiscal year by the Committee. 
 Section 3. Administration 

(a) Composition of the Committee. The Plan shall be administered by the Compensation Committee of the Company’s Board of
Directors, or a sub-committee thereof (the “Committee”). To the extent required by Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), the Committee administering the Plan shall be composed solely
of two or more “outside directors” within the meaning of Section 162(m) of the Code. 
 (b) Power and
Authority of the Committee. The Committee shall have full power and authority, subject to all the applicable provisions of the Plan (including but not limited to the requirements of Section 4(d) of the Plan) and applicable law, to
(i) establish, amend, suspend, terminate or waive such rules and regulations and appoint such agents as it deems necessary or advisable for the proper administration of the Plan, (ii) construe, interpret and administer the Plan and any
instrument or agreement relating to, or any Annual Bonus Pool Award (as defined below in Section 4(b)) made under, the Plan, and (iii) make all other determinations and take all other actions necessary or advisable for the administration
of the Plan. Unless otherwise expressly provided in the Plan, each determination made and each action taken by the Committee pursuant to the Plan or any instrument or agreement relating to, or any Annual Bonus Pool Award made under, the Plan shall
be within the sole discretion of the Committee, may be made at any time and shall be final, binding and conclusive for all purposes on all persons, 

  
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including, but not limited to, holders of Annual Bonus Pool Awards, and their legal representatives and beneficiaries, and employees of the Company or of any “Affiliate” of the Company.
For purposes of the Plan and any instrument or agreement relating to, or any Annual Bonus Pool Award made under, the Plan, the term “Affiliate” shall mean any entity that, directly or indirectly through one or more intermediaries, is
controlled by the Company and any entity in which the Company has a significant equity interest, in each case as determined by the Committee in its sole discretion. 
 (c) Delegation. The Committee may delegate its powers and duties under the Plan to one or more executive officers of the Company or any Affiliate or a committee of such executive officers, subject
to such terms, conditions and limitations as the Committee may establish in its sole discretion; provided, however, that the Committee shall not delegate its power to (i) amend the Plan as provided in Section 10 hereof;
(ii) establish a Bonus Pool under Section 2; or (iii) make determinations regarding Performance-Based Awards (as defined below in Section 4(d)). 
 Section 4. Eligibility and Participation 
 (a) Eligibility. The
Plan is maintained by the Company for its executive officers. In order to be eligible to participate in the Plan, an executive officer of the Company or any of its Affiliates must be selected by the Committee. In determining the executive officers
who will participate in the Plan, the Committee may take into account the nature of the services rendered by such executive officers, their present and potential contributions to the success of the Company and such other factors as the Committee, in
its sole discretion, shall deem relevant. A director of the Company or of an Affiliate who is not also an employee of the Company or an Affiliate, and all members of the Committee, shall not be eligible to participate in the Plan. 

(b) Participation and Awards. For each fiscal year, the Committee shall: 

(i) determine the employees eligible to be granted a percentage share of the Bonus Pool (an “Annual Bonus Pool Award”) for the
fiscal year; and 
 (ii) determine the percentage share in the Bonus Pool to be reserved as an Annual Bonus Pool Award to any
eligible employee. The sum of such individual percentages shall not exceed 100%. 
 The percentage share of the Bonus Pool need
not be the same with respect to any recipient of an Annual Bonus Pool Award (the “Participant”) or with respect to different Participants. The Committee’s decision to approve an Annual Bonus Pool Award to an employee in any year shall
not require the Committee to approve a similar Annual Bonus Pool Award or any Annual Bonus Pool Award at all to that employee or any other employee or person at any future date. The Company and the Committee shall not have any obligation for
uniformity of treatment of any person, including, but not limited to, Participants and their legal representatives and beneficiaries and employees of the Company or of any Affiliate of the Company. The Committee retains sole discretion to reduce the
amount of any bonus otherwise payable under this Plan. The Annual Bonus Pool Award in a subsequent fiscal year shall not be increased by any portion of the Bonus Pool of a prior fiscal year which has not been paid or credited to or for the benefit
of Participants hereunder. 
 (c) Bonus Pool Award Agreement. Any employee selected for participation by the Committee
shall, as a condition of participation, execute and return to the Committee a written agreement setting forth the terms and conditions of the Annual Bonus Pool Award (the “Bonus Pool Award Agreement”). A separate Bonus Pool Award Agreement
will be entered into between the Company and each Participant for each Annual Bonus Pool Award. 
 (d) Qualified
Performance-Based Compensation. Notwithstanding any other provision of the Plan to the contrary, with respect to an Annual Bonus Pool Award that is intended to be “qualified performance-based compensation” within the meaning of

Section 162(m) of the Code (hereinafter referred to as a “Performance-Based Award”), the following additional requirements shall apply to all Performance-Based Awards made to any Participant under the Plan: 

(i) Any Performance-Based Award shall be null and void and have no effect whatsoever unless the Plan shall have been approved by the
shareholders of the Company at the Company’s 2012 Annual Meeting of Shareholders. 

  
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 (ii) For a Performance-Based Award, the Committee shall, not later than 90 days after the
beginning of each fiscal year of the Company: 
  

	 	(A)	designate all Participants for such fiscal year; and 

  

	 	(B)	determine the percentage share in the Bonus Pool to be reserved as an Annual Bonus Pool Award to any Participant. 

(iii) Following the close of each fiscal year and prior to payment of any amount to any Participant under the Plan, the Committee must
certify in writing as to the computation of the Annual Bonus Pool Award. 
 (iv) The maximum bonus which may be paid to any
Participant pursuant to any Performance-Based Award with respect to any fiscal year shall not exceed $3,000,000. 
 (e)
Employment. In the absence of any specific agreement to the contrary, no Annual Bonus Pool Award to a Participant under the Plan shall affect any right of the Company, or of any Affiliate of the Company, to terminate, with or without cause,
the Participant’s employment with the Company or any Affiliate at any time. Neither the establishment of the Plan, nor the granting of any Annual Bonus Pool Award hereunder, shall give any Participant: (i) any rights to remain employed by
the Company or any Affiliate; (ii) any benefits not specifically provided for herein or in any Annual Bonus Pool Award granted hereunder; or (iii) any rights to prevent the Company or any Affiliate from modifying, amending or terminating
any of its other benefit plans of any nature whatsoever. 
 Section 5. Annual Bonus Pool Awards 

(a) General. The Committee shall determine the amount of the bonus to be paid to a Participant pursuant to each Annual Bonus Pool
Award, the time or times when Annual Bonus Pool Awards will be made, and all other terms and conditions of each Annual Bonus Pool Award. Each Annual Bonus Pool Award shall be subject to the terms and conditions of the Plan and the applicable Bonus
Pool Award Agreement. Annual Bonus Pool Awards may be granted singly or in combination, or in addition to, in tandem with or in substitution for any grants or rights under any other employee or compensation plan of the Company or of any Affiliate.
Bonus Pool Award Agreements may provide that more or less than 100% of the target Annual Bonus Pool Award granted thereunder may be earned upon satisfaction of the conditions provided for therein, subject to the terms and conditions of the Plan. All
or part of an Annual Bonus Pool Award may be subject to conditions and forfeiture provisions established by the Committee and set forth in the Bonus Pool Award Agreement, which may include, but are not limited to, continuous service with the Company
or an Affiliate. 
 (b) Payment of Annual Bonus Pool Awards. Any bonus paid pursuant to an Annual Bonus Pool Award shall
be paid solely in the form of cash. Payment of any such bonuses may be made, subject to any deferred compensation election which may be permitted pursuant to any deferred compensation plan, at such times, with such restrictions and conditions as the
Committee, in its sole discretion, may determine at the time of grant of the Annual Bonus Pool Awards. 
 (c) Discretionary
Reduction. The Committee shall retain sole and full discretion to reduce, in whole or in part, the amount of any award otherwise payable to any Participant under this Plan. 
 Section 6. Termination of Employment 
 Each Bonus Pool Award Agreement
shall include provisions governing the disposition of an Annual Bonus Pool Award in the event of the retirement, disability, death or other termination of a Participant’s employment with the Company or an Affiliate. 

Section 7. Nontransferability 
 Except as otherwise determined by the Committee or set forth in the applicable Bonus Pool Award Agreement, no right under any Annual Bonus Pool Award shall be sold, assigned, transferred, pledged,
hypothecated or otherwise disposed of during the time in which the requirement of continued employment or attainment of performance objectives has not been achieved. 

  
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 Section 8. Taxes 
 In order to comply with all applicable federal or state income, social security, payroll, withholding or other tax laws or regulations, the Company may take such action, and may require a Participant to
take such action, as it deems appropriate to ensure that all applicable federal or state income, social security, payroll, withholding or other taxes, which are the sole and absolute responsibility of the Participant, are withheld or collected from
such Participant. 
 Section 9. Effective Date of the Plan 
 The Plan shall be submitted for approval by the shareholders of the Company at the 2012 Annual Meeting of Shareholders to be held on June 21, 2012, and the Plan shall be effective as of
March 4, 2012 (the first day of the Company’s 2013 fiscal year), subject to its approval by the shareholders of the Company. No payments shall be made pursuant to such Plan until after the Plan has been approved by the shareholders of
the Company. 
 Section 10. Amendment and Termination 
 (a) Term of Plan. Unless the Plan shall have been discontinued or terminated as provided in Section 10(b) hereof, no Annual Bonus Pool Awards shall be granted under the Plan after
February 25, 2017, and no Annual Bonus Pool Awards shall be paid except with respect to the Company’s fiscal year ending not later than March 3, 2018. No Annual Bonus Pool Awards may be granted after such termination, but
termination of the Plan shall not alter or impair any rights or obligations under any Annual Bonus Pool Award theretofore granted (including the payment of such Annual Bonus Pool Award within the time period permitted by the Code, as the same may be
amended from time to time), without the consent of the Participant or holder or beneficiary thereof, except as otherwise provided in the Bonus Pool Award Agreement. 
 (b) Amendments to and Termination of Plan. Except to the extent prohibited by applicable law and unless otherwise expressly provided in the Plan or a Bonus Pool Award Agreement, the Committee may
amend, alter, suspend, discontinue or terminate the Plan; provided, however, that notwithstanding any other provision of the Plan or any Bonus Pool Award Agreement, without the approval of the shareholders of the Company, no such
amendment, alteration, suspension, discontinuation or termination shall be made that, absent such approval, would cause any compensation paid pursuant to any Performance-Based Award granted pursuant to the Plan no longer to qualify as
“qualified performance-based compensation” within the meaning of Section 162(m) of the Code. 
 (c) Correction
of Defects, Omissions and Inconsistencies. Except to the extent prohibited by applicable law and unless otherwise expressly provided in the Plan or a Bonus Pool Award Agreement, the Committee may correct any defect, supply any omission or
reconcile any inconsistency in the Plan, any Annual Bonus Pool Award or any Bonus Pool Award Agreement in the manner and to the extent it shall deem desirable to carry the Plan into effect. 
 Section 11. Miscellaneous 
 (a) Governing Law. The Plan and any
Bonus Pool Award Agreement shall be governed by and construed in accordance with the internal laws, and not the laws of conflicts, of the State of Minnesota. 
 (b) Severability. If any provision of the Plan, any Annual Bonus Pool Award or any Bonus Pool Award Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction
or would disqualify the Plan, any Annual Bonus Pool Award or any Bonus Pool Award Agreement under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of the Plan, the Annual Bonus Pool Award or the Bonus Pool Award Agreement, such provision shall be stricken as to such
jurisdiction, and the remainder of the Plan, any such Annual Bonus Pool Award or any such Bonus Pool Award Agreement shall remain in full force and effect. 
 (c) No Trust or Fund Created. Neither the Plan nor any Annual Bonus Pool Award or Bonus Pool Award Agreement shall create or be construed to create a trust or separate fund of any kind or a
fiduciary relationship between the Company or any Affiliate and a Participant or any other person. To the extent that any person acquires a 

  
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right to receive payments from the Company or any Affiliate pursuant to an Annual Bonus Pool Award, such right shall be no greater than the right of any unsecured general creditor of the Company
or of any Affiliate. 
 (d) Nature of Payments. Any and all cash payments pursuant to any Annual Bonus Pool Award granted
hereunder shall constitute special incentive payments to the Participant, and such payments shall not be taken into account in computing the amount of the Participant’s salary or compensation for purposes of determining any pension, retirement,
death or other benefits under (i) any pension, retirement, profit sharing, bonus, life insurance or other employee benefit plan of the Company or any Affiliate or (ii) any agreement between the Company (or any Affiliate) and the
Participant, except to the extent that such plan or agreement expressly provides to the contrary. 
 (e) Headings.
Headings are given to the Sections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

  
 5Separation Agreement and Release dated June 22, 2012

 Exhibit 10.1 
 June 22, 2012 
 Delivered Via E-mail to Karen van Lith’s Counsel

 Personal and Confidential 
 To: Karen van Lith 
 Re: Separation Agreement and Release 

Dear Karen: 
 As we have agreed, your employment
with MakeMusic, Inc. (“MakeMusic”) will end effective at the close of business June 15, 2012, pursuant to Section 3.01(a) of your Employment Agreement with MakeMusic dated June 13, 2011 (your “Employment
Agreement”). The purpose of this Separation Agreement and Release letter (“Separation Agreement”) is to set forth the specific separation pay and benefits that MakeMusic has agreed to provide to you, provided you agree to the terms
and conditions of this Separation Agreement. 
 By your signature below, you agree to the following terms and conditions: 

1. End of Employment. 
 a. Your employment with MakeMusic ended effective at the close of business on June 15, 2012. 
 b. Upon your receipt of your final paycheck, which includes payment for services through June 15, 2012, you will have received all wages owed to you by virtue of your employment with MakeMusic or
separation thereof, except for payments due under this Separation Agreement. 
 c. Upon your receipt of payment from MakeMusic in
the amount of $11,409.23, less applicable deductions and withholding, which represents payment for eighty (80) hours of accrued but unused Paid Time Off (PTO) at your regular rate, you will have received all PTO benefits owed to you by virtue
of your employment with MakeMusic or separation thereof. 
 d. MakeMusic will reimburse you, within five business days of your
submission, for all reasonable MakeMusic business expenses incurred by you in the normal course in accordance with company policy provided you submit your request for reimbursement and receipts to MakeMusic’s Human Resources Department no later
than July 31, 2012. 
 d. The COBRA period for continuation of your insurance coverage under MakeMusic’s group plans
will begin on July 1, 2012. Information regarding your right to elect COBRA coverage will be sent to you via separate letter. MakeMusic will make payments of a portion of your family COBRA coverage as set forth in Section 2(b) below.

 e. Except as expressly provided in Section 2(c) of this Separation Agreement, your rights with regard to your stock
options and restricted stock awards with MakeMusic are governed by your separate equity award agreements with MakeMusic, and amendments thereto, and are not affected by this Separation Agreement. 

 f. You have resigned all positions with MakeMusic effective June 15, 2012, including
without limitation your positions as an officer of MakeMusic and member of MakeMusic’s Board of Directors. 
 g. MakeMusic
will provide you with defense and indemnification in connection with any claims made by any third parties concerning matters within the scope of your responsibilities at MakeMusic, to the fullest extent permitted under MakeMusic’s By-Laws and
Articles of Incorporation, as amended, insurance policies and/or state or federal law, and consistent with the defense and indemnification provided to other current and former MakeMusic officers. 

You are not eligible for any other payments or benefits by virtue of your employment with MakeMusic or separation thereof except for those expressly
described in this Separation Agreement or otherwise provided by the terms of any benefit plan. You will not receive the payments and benefits described in Section 2 if you (i) do not sign and return this Separation Agreement by the due
date indicated, (ii) rescind this Separation Agreement after signing it, or (iii) violate any of the terms and conditions set forth in this Separation Agreement. 
 2. Separation Pay and Benefits. Specifically in consideration of your signing this Separation Agreement and subject to the limitations, obligations, and other provisions contained in this
Separation Agreement, MakeMusic agrees as follows: 
 a. To pay you separation pay in the gross amount of Two Hundred Ninety-Six
Thousand Six Hundred Forty and 00/100 Dollars ($296,640) (representing twelve (12) months of pay at the rate of your ending base salary), less applicable deductions and withholding. Such separation pay will be paid to you in substantially equal
installments on the Company’s regular payday schedule beginning with the first regularly scheduled payday following expiration of the rescission periods noted below without rescission. 

b. Provided you timely elect and remain eligible for COBRA coverage, to pay $961.70 of your monthly COBRA premiums for your family’s
health, dental and life insurance coverage for the twelve month period of July 2012 through June 2013. You will be responsible for paying the balance of the premiums for such insurance coverage during this period and, by signing this Separation
Agreement, you voluntarily authorize MakeMusic to deduct your portion of the premiums from the payments described in Section 2.a. above, unless you notify MakeMusic that you and/or your family no longer need COBRA coverage through MakeMusic.
MakeMusic will discontinue payments under this Section 2.b. prior to the expiration of the twelve month period if, and at such time as, you (1) are covered or eligible to be covered under the insurance policy of a new employer with
substantially similar benefits, or (2) cease to participate, for whatever reason, in MakeMusic’s group insurance plans. You agree to promptly provide MakeMusic notice if you become covered or eligible to be covered under the health, dental
or life insurance policy of a new employer with substantially similar benefits. 
 c. With respect to the option to purchase
shares of MakeMusic common stock granted under Section 2.07 of the Employment Agreement (the “Option”), to execute the amendment attached hereto as Exhibit A, in order to: (i) cause the immediate vesting of 2,604 shares of
MakeMusic common stock as of the date of execution of this Separation Agreement, and (ii) extend to June 15, 2015 the period during which 

  
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the vested portion of the Option may be exercised following your separation from service. Following your separation from service, the Option shall be exercisable only to the extent that it is
exercisable as of the date of execution of this Separation Agreement (equal to an aggregate of 33,852 shares), but had not previously been exercised. To the extent the Option is not exercisable upon your separation from service, or if you do not
exercise the Option on or prior to June 15, 2015, all of your rights under the Option will be forfeited. The parties acknowledge that these amendments will result in the Option being treated as a non-qualified stock option in accordance with
applicable rules of the Internal Revenue Code. 
 d. To pay you Sixty Thousand and 00/100 Dollars ($60,000), less applicable
deductions and withholding, within ten (10) business days following expiration of the rescission periods noted below without rescission. 
 3. MakeMusic’s Release of Claims. Specifically in consideration of your release of claims as described in Section 4 of this Separation Agreement, to which MakeMusic would not otherwise be
entitled, by signing this Separation Agreement, MakeMusic agrees to release and forever discharges you of and from any and all manner of claims, demands, actions, causes of action, administrative claims, liability, damages, claims for punitive or
liquidated damages, claims for attorney’s fees, costs and disbursements, individual or class action claims, or demands of any kind whatsoever, it has or might have against you, in law or equity, contract or tort, arising in connection with your
employment with MakeMusic, and however originating or existing, from the beginning of time through the date of MakeMusic signing this Separation Agreement. MakeMusic is not, by signing this Separation Agreement, releasing or waiving (1) any
rights or claims that may arise after this Separation Agreement is signed, (2) the right to institute legal action for the purpose of enforcing the provisions of this Separation Agreement, or (3) the right to testify, assist, or
participate in an investigation, hearing, or proceeding conducted by a government agency. 
 4. Your Release of Claims.
Specifically in consideration of the separation pay and benefits described in Section 2, to which you would not otherwise be entitled, and MakeMusic’s release of claims against you as described in Section 3, to which you would not
otherwise be entitled, by signing this Separation Agreement you, for yourself and anyone who has or obtains legal rights or claims through you, agree to the following: 
 a. You hereby do release, agree not to sue, or assist or encourage others to sue, whether directly or derivatively on behalf of the Company or others, and forever discharge MakeMusic (as defined below) of
and from any and all manner of claims, demands, actions, causes of action, administrative claims, liability, damages, claims for punitive or liquidated damages, claims for attorney’s fees, costs and disbursements, individual or class action
claims, or demands of any kind whatsoever, you have or might have against them or any of them, whether known or unknown, in law or equity, contract or tort, arising out of or in connection with your employment with MakeMusic, the termination of that
employment, conduct or inaction of members of the Board of Directors of MakeMusic, your acquisition, ownership or disposition of MakeMusic securities, or otherwise, and however originating or existing, from the beginning of time through the date of
your signing this Separation Agreement. 
 b. This release includes, without limiting the generality of the foregoing, any claims
you may have for wages, bonuses, commissions, penalties, deferred compensation, vacation pay, separation benefits, defamation, invasion of privacy, negligence, emotional distress, breach of contract (including

  
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without limitation any claims arising under your Employment Agreement), estoppel, improper discharge (based on contract, common law, or statute, including any federal, state or local statute or
ordinance prohibiting discrimination or retaliation in employment), violation of the United States Constitution, the Minnesota Constitution, the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., the Minnesota Human Rights
Act, Minn. Stat. § 363A.01 et seq., Title VII of the Civil Rights Act, 42 U.S.C. § 2000e et seq., the Americans with Disabilities Act, 42 U.S.C. § 12101 et seq., the Employee Retirement Income Security Act of
1974, 29 U.S.C. § 1001 et seq., the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq., the National Labor Relations Act, 29 U.S.C. § 151 et seq., the Worker Adjustment and Retraining Notification Act, 29
U.S.C. § 2101 et seq., the Sarbanes-Oxley Act, 15 U.S.C. § 7201 et seq., the Fair Labor Standards Act, any claim arising under Minn. Stat. Chapters 177 and 181, Minn. Stat. § 176.82, and any claim for
retaliation, harassment or discrimination based on sex, race, color, creed, religion, age, national origin, marital status, sexual orientation, disability, status with regard to public assistance, veteran or military status, genetic information, or
any other protected class under federal, state or local law. You hereby waive any and all relief not provided for in this Separation Agreement. You understand and agree that, by signing this Separation Agreement, you waive and release any past,
present, or future claim to employment with MakeMusic. 
 c. If you file, or have filed on your behalf, a charge, complaint, or
action, you agree that the payments and benefits described above in Section 2 is in complete satisfaction of any and all claims in connection with such charge, complaint, or action and you waive, and agree not to take, any award of money or
other damages from such charge, complaint, or action. 
 d. You are not, by signing this Separation Agreement, releasing or
waiving (1) any vested interest you may have in any 401(k) or profit sharing plan by virtue of your employment with MakeMusic, (2) any rights or claims that may arise after this Separation Agreement is signed, (3) the post-employment
payments and benefits specifically promised to you under Sections 1 and 2 of this Separation Agreement, (4) the right to institute legal action for the purpose of enforcing the provisions of this Separation Agreement, (5) any rights you
have under workers compensation laws, (6) any rights you have under state unemployment compensation benefits laws, (7) the right to file a charge with a governmental agency such as the Equal Employment Opportunity Commission, although, as
noted above, you agree that you will not be able to recover any award of money or damages if you file such a charge or have a charge filed on your behalf, (8) the right to testify, assist, or participate in an investigation, hearing, or
proceeding conducted by the EEOC or other governmental agency, or (9) any rights you have under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). 
 e. MakeMusic, as used in this Section 4, shall mean MakeMusic, Inc. and its parent, subsidiaries, divisions, affiliated entities, insurers, if any, and its and their present and former officers,
directors, shareholders, trustees, employees, agents, attorneys, representatives and consultants, and the successors and assigns of each, whether in their individual or official capacities, and the current and former trustees or administrators of
any pension or other benefit plan applicable to the employees or former employees of MakeMusic, in their official and individual capacities. 
 5. Notice of Right to Consult Attorney and Twenty-One (21) Calendar Day Consideration Period. By signing this Separation Agreement, you acknowledge and agree that MakeMusic has informed you by
this Separation Agreement that (1) you have the right to consult with an attorney of your choice prior 

  
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to signing this Separation Agreement, and (2) you are entitled to twenty-one (21) calendar days from your receipt of this Separation Agreement on June 22, 2012 to consider whether
the terms are acceptable to you. You have the right, if you choose, to sign this Separation Agreement prior to the expiration of the twenty-one (21) day period. 
 6. Notification of Rights under the Minnesota Human Rights Act (Minn. Stat. Chapter 363A) and the Federal Age Discrimination in Employment Act (29 U.S.C. § 621 et seq.). You are hereby
notified of your right to rescind the release of claims contained in Section 4 with regard to claims arising under the Minnesota Human Rights Act, Minnesota Statutes Chapter 363A, within fifteen (15) calendar days of your signing this
Separation Agreement, and with regard to your rights arising under the federal Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., within seven (7) calendar days of your signing this Separation Agreement. The two
rescission periods shall run concurrently. In order to be effective, the rescission must (a) be in writing; (b) delivered to Deb Peterson, MakeMusic, Inc., 7615 Golden Triangle Drive, Suite M, Eden Prairie, MN 55344-3848 by hand or
mail within the required period; and (c) if delivered by mail, the rescission must be postmarked within the required period, properly addressed to Deb Peterson, as set forth above, and sent by certified mail, return receipt requested. You
understand that if you rescind any part of this Separation Agreement in accordance with this Section 6, you will not receive the separation pay and benefits described in Section 2 and you will be obligated to return any such payments if
already received. 
 7. Return of Property. By signing this Separation Agreement, you acknowledge and agree that all
documents and materials relating to the business of, or the services provided by, MakeMusic are the sole property of MakeMusic. By signing this Separation Agreement you further agree and represent that you will promptly return to MakeMusic all of
its property, including but not limited to, all computers and computer accessories, phones and phone accessories, keys, access cards, credit cards, customer records, financial data, business records and other documents and materials, whether on
computer disc, hard drive or other form, and all copies thereof, within your possession or control, which in any manner relate to the business of, or the duties and services you performed on behalf of MakeMusic. 

8. On-Going Obligations. You are hereby reminded of your on-going obligations to MakeMusic under Articles IV, V and VI of your
Employment Agreement with MakeMusic. You acknowledge and agree that if you violate Article IV, V or VI of your Employment Agreement, MakeMusic shall be entitled to all available legal and equitable remedies, including but not limited to suspending
and recovering any and all payments and benefits made or to be made under Section 2 of this Separation Agreement. The parties agree that you are free to provide letters of reference for MakeMusic employees who request such a letter in your
individual capacity and not on behalf of MakeMusic. The parties further agree that you are free to solicit former employees of MakeMusic, as long as you did not solicit or encourage those employees to leave MakeMusic. 

9. Cooperation. You agree to respond to MakeMusic via email or phone, and provide other assistance as requested, in a timely and
helpful manner, should it have questions for you regarding your work for MakeMusic, including, without limitation, status of projects, passwords, and location of data and documents. MakeMusic will compensate you at the rate of $143 per hour for such
services, billed in 15 minute increments, as invoiced to MakeMusic within thirty (30) days of the provision of such services. You will also be promptly reimbursed by MakeMusic for all reasonable and documented out of pocket expenses incurred in
connection with complying with this Section. 

  
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 10. Non-Disparagement and Confidentiality. 

a. You promise and agree not to disparage MakeMusic, its shareholders, officers, directors, employees, customers, products or services.
MakeMusic promises and agrees that the current Board of Directors of the Company, the current Chief Operating Officer and Chief Financial Officer of the Company and the current Vice President of Human Resources of the Company will not disparage you.

 b. You further promise and agree not to disclose or discuss, directly or indirectly, in any manner whatsoever, any information
regarding the substance and/or nature of any dispute between MakeMusic and any employee or former employee, including yourself. You agree that the only people with whom you may discuss this confidential information are your legal and financial
advisors, your spouse/domestic partner or your health care providers, provided they agree to keep the information confidential, or as otherwise required by law. MakeMusic promises and agrees that neither the current Board of Directors of MakeMusic
nor the current Chief Operating Officer and Chief Financial Officer nor the current Vice President of Human Resources will disclose or discuss, directly or indirectly, in any manner whatsoever, any information regarding the substance and/or nature
of any dispute between MakeMusic and you. MakeMusic agrees that the only people with whom it may discuss this confidential information are its legal and financial advisors, provided they agree to keep the information confidential, or as otherwise
required by law. 
 11. Remedies. In any dispute, claim or controversy between you and MakeMusic in connection with this
Separation Agreement, the party prevailing on her/its monetary claims or defenses or substantially prevailing with respect to any equitable claims or defenses shall be entitled to all reasonable attorneys’ fees and costs from the
nonprevailing party incurred in enforcing or defending the claim. Furthermore, in the event there is an adjudicated determination of your breach of this Separation Agreement, MakeMusic has no duty to continue to make payments and shall recover any
and all payments and benefits made or to be made under Section 2 of this Separation Agreement. If either party seeks and/or obtains relief from an alleged breach of this Separation Agreement, all of the provisions of this Separation Agreement
shall remain in full force and effect. 
 12. Non-Admission. It is expressly understood that this Separation Agreement
does not constitute, nor shall it be construed as, an admission by MakeMusic or you of any liability or unlawful conduct whatsoever. MakeMusic and you specifically deny any liability or unlawful conduct. 

13. Successors and Assigns. This Separation Agreement is personal to you and may not be assigned by you without the written
agreement of MakeMusic. The rights and obligations of this Separation Agreement shall inure to the successors and assigns of MakeMusic. Notwithstanding the foregoing, in the event of your death, any remaining monies owing to you under this
Separation Agreement shall be paid to your estate and your rights with regard to stock options and restricted stock awards shall be transferred to your estate. 
 14. Enforceability. If a court finds any term of this Separation Agreement to be invalid, unenforceable, or void, the parties agree that the court shall modify such term to make it enforceable to
the maximum extent possible. If the term cannot be modified, the parties agree that the term shall be severed and all other terms of this Separation Agreement shall remain in effect. 

  
 6 

 15. Law Governing. This Separation Agreement shall be governed and construed in
accordance with the laws of the State of Minnesota. 
 16. Full Agreement. This Separation Agreement contains the full
agreement between you and MakeMusic and may not be modified, altered, or changed in any way except by written agreement signed by both parties. The parties agree that this Separation Agreement supersedes and terminates any and all other written and
oral agreements and understandings between the parties except for the following agreements, which shall remain in full force and effect: your separate stock option and restricted stock award agreements with MakeMusic (except as noted in
Section 2(c) above) and Articles I and IV – X of your Employment Agreement with MakeMusic. 
 17. Code
Section 409A. The parties intend that any amounts payable under this Separation Agreement shall be exempt from the requirements, if any, of Section 409A of the Internal Revenue Code of 1986, as amended, and the notices, regulations and
other guidance of general applicability issued thereunder (“Code Section 409A”), and will interpret this Separation Agreement in a manner that will preclude the imposition of additional taxes and interest imposed under Code
Section 409A. The parties agree that they believe the end of your employment qualifies as an involuntary separation from service as that phrase is defined in Code Section 409A and will not take a position to the contrary. Notwithstanding
the foregoing, in no event shall MakeMusic be liable for any portion of any taxes, penalties, interest or other expenses that may be incurred by you due to a finding of noncompliance with Code Section 409A. 

18. Acknowledgment of Reading and Understanding. By signing this Separation Agreement, you acknowledge that you have read this
Separation Agreement, including the release of claims contained in Section 4, and understand that the release of claims is a full and final release of all claims you may have against MakeMusic and the other entities and individuals covered by
the release. By signing, you also acknowledge and agree that you have entered into this Separation Agreement knowingly and voluntarily. 
 19. Counterparts. This Agreement may be executed by e-mail PDF transmission and in counterparts, each of which shall be deemed an original and all of which shall constitute one instrument.

 If not already accepted by you, the offer contained in this Separation Agreement will expire at 5:00 p.m. on July 14,
2012. After you have reviewed this Separation Agreement and obtained whatever advice and counsel you consider appropriate regarding it, please evidence your agreement to the provisions set forth in this Separation Agreement by dating and signing the
Separation Agreement. Please then return an original signed Separation Agreement to Deb Peterson no later than 5:00 p.m. on July 14, 2012. Please keep a copy for your records. 

{Remainder of Page Intentionally Left Blank} 

  
 7 

 Karen, we wish you the best. 
 Sincerely, 
 MAKEMUSIC, INC. 
 /s/ Michael Skinner 
 Michael Skinner 
 Chair of the Compensation Committee 
 {Signature Pages Follow} 

  
 8 

 ACKNOWLEDGMENT AND SIGNATURE 

TO SEPARATION AGREEMENT AND RELEASE WITH MAKEMUSIC, INC. 

DATED JUNE 22, 2012 
 By signing below, I, Karen T. van Lith, acknowledge and agree to the following: 
  

	 	•	 	 I have had adequate time to consider whether to sign this Separation Agreement. 

 

	 	•	 	 I have read this Separation Agreement carefully. 

  

	 	•	 	 I understand and agree to all of the terms of the Separation Agreement. 

 

	 	•	 	 I am knowingly and voluntarily releasing my claims against MakeMusic. 

 

	 	•	 	 I have not, in signing this Separation Agreement, relied upon any statements or explanations made by MakeMusic except as for those specifically set
forth in this Separation Agreement. 

  

	 	•	 	 I intend this Separation Agreement to be legally binding. 

 

	 	•	 	 I am signing this Separation Agreement on or after my last day of employment with MakeMusic. 

Accepted this 22nd day of June, 2012. 
  

	
	 /s/ Karen T. van Lith

	 Karen T. van Lith

  
 9 

 ACKNOWLEDGMENT AND SIGNATURE 

TO SEPARATION AGREEMENT AND RELEASE WITH KAREN VAN LITH 

DATED JUNE 22, 2012 
 On behalf of MakeMusic, Inc., by signing below, I, Michael Skinner, acknowledge and agree to the following: 
  

	 	•	 	 MakeMusic has had adequate time to consider whether to sign this Separation Agreement. 

 

	 	•	 	 MakeMusic has read this Separation Agreement carefully. 

 

	 	•	 	 MakeMusic understands and agrees to all of the terms of the Separation Agreement. 

 

	 	•	 	 MakeMusic is knowingly and voluntarily releasing its claims against Karen van Lith. 

 

	 	•	 	 MakeMusic has not, in signing this Separation Agreement, relied upon any statements or explanations made by Karen van Lith except as for those
specifically set forth in this Separation Agreement. 

  

	 	•	 	 MakeMusic intends this Separation Agreement to be legally binding. 

Accepted this 22nd day of June, 2012. 
  

	
	MAKEMUSIC, INC.
	
	 /s/ Michael Skinner

	 Michael Skinner

	 Chair of the Compensation Committee

  
 10 

 AMENDMENT TO INCENTIVE STOCK OPTION AGREEMENT  

THIS AMENDMENT (the “Amendment”) to the Incentive Stock Option Agreement (the “Agreement”) by and among
MakeMusic, Inc. (the “Company”) and Karen T. van Lith (the “Optionee”), is effective immediately preceding the end of Optionee’s employment with the Company. Capitalized terms not defined in this Amendment will
have the definitions set forth in the Agreement. 
 WITNESSETH: 

WHEREAS, the Company and Optionee entered into a Separation Agreement and Release dated June 22, 2012 (the “Separation
Agreement”), pursuant to which the Company and Optionee agreed, among other things, to (i) cause the immediate vesting of 2,604 shares of MakeMusic common stock as of the date of execution of the Separation Agreement, and (ii) extend
to June 15, 2015 the period during which the vested portion of the Option may be exercised following the termination of Optionee’s employment. 
 NOW, THEREFORE, for good and valuable consideration, the parties hereby agree as follows: 
 1. Vesting. To revise Section 2(a) of the Agreement to provide that the portion of the Option that was scheduled to vest on June 30, 2012 shall vest on the date of execution of the
Separation Agreement. No further vesting shall occur after such date. 
 2. Term. To revise Section 2(b) of
the Agreement to provide that the period during which the vested portion of the Option may be exercised shall terminate on June 15, 2015, notwithstanding termination of the Optionee’s employment. 

The Company and Optionee acknowledge that this Amendment has the effect of making the Option covered by the Agreement a non-qualified
stock option under applicable rules of the Internal Revenue Service and agree that the Agreement shall be interpreted as such. Except as amended hereby, the Agreement shall remain in full force and effect. 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in the manner appropriate to each, effective
immediately preceding the end of Optionee’s employment with the Company. 
  

							
	 	 	MAKEMUSIC INC.
			
	Date: June 22, 2012	 	 	By:	 	 	/s/ Michael Skinner
		 				 	 Michael Skinner
 Chair of
the Compensation Committee

		
	Date: June 22, 2012	 	 	/s/ Karen T. van Lith
		 	 	Karen T. van Lith

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