Document:

Registration Rights Agreement

 Exhibit 4.3 
 EXECUTION VERSION 
 REGISTRATION RIGHTS AGREEMENT 
 THIS REGISTRATION RIGHTS AGREEMENT dated as of August 28, 2009 (this “Agreement”) by and among Spectrum Brands, Inc., a Delaware
corporation ( the “Company”), and Avenue International Master, L.P., Avenue Investments, L.P., Avenue Special Situations Fund V, L.P., Avenue Special Situations Fund IV, L.P. and Avenue-CDP Global Opportunities Fund, L.P.
(collectively, “Avenue”), D. E. Shaw Laminar Portfolios, L.L.C. (“D. E. Shaw”), Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Fund, L.P. and Global Opportunities
Breakaway Ltd. (collectively, “Harbinger”, and together with Avenue and D. E. Shaw, “Investors”). 
 WHEREAS, the Company wishes to grant certain registration rights with respect to the Registrable Securities (as defined herein) of the Company held by the Investors, as provided further herein; 
 NOW THEREFORE, in consideration of the promises herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. As used in this Agreement: 
 (i) “Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder; 
 (ii) “Affiliate” of any specified Person means any other Person directly, or indirectly through one or more intermediaries, controlling
or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person whether through the ownership of
voting securities or by agreement or otherwise; 
 (iii) “Avenue” has the meaning set forth in the recitals; 
 (iv) “Commission” means the Securities and Exchange Commission or any other federal agency at the time administering the Act;

 (v) “Common Stock” means any and all classes of the Company’s common stock as authorized pursuant to the
Company’s articles of incorporation, as may be amended or restated from time to time; 
 (vi) “Company” has the
meaning set forth in the recitals; 
 (vii) “Demand Registration” means a Registration pursuant to Section 3(b);

 (viii) “D. E. Shaw” has the meaning set forth in the recitals; 

 (ix) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder; 
 (x) “FINRA” means the Financial Industry Regulatory Authority; 
 (xi) “Harbinger” has the meaning set forth in the recitals; 
 (xii) “Holdback Period” has the meaning set forth in Section 6(a); 
 (xiii) “Holder” means each Investor and any transferee thereof to whom the registration rights conferred by this Agreement have been
transferred in compliance with Section 11, provided and for as long as such Investor together with its Affiliates or transferee continues to own at least one percent of the total outstanding Common Stock; 
 (xiv) “Indemnified Party” has the meaning set forth in Section 7(d); 
 (xv) “Indemnifying Party” has the meaning set forth in Section 7(d); 
 (xvi) “Initiating Holder” means any Holder who requests the Company to Register its Registrable Securities pursuant to
Sections 3(b) or 3(c) (or with respect to a Takedown, who requests the Company to effectuate a Takedown pursuant to Section 3(a)), provided however, with respect to requests pursuant to Section 3(b) by any Holder other
than any Investor or any Affiliate of any Investor, such Holder continues to own at least five percent of the total outstanding Common Stock; 
 (xvii) “Investors” has the meaning set forth in the recitals; 
 (xviii) “Losses” has the meaning
set forth in Section 7(a); 
 (xix) “Maximum Offering Size” has the meaning set forth in Section 2(d);

 (xx) “NASD” means the National Association of Securities Dealers; 
 (xxi) “Other Shares” has the meaning set forth in Section 3(a)(i); 
 (xxii) “Person” means an individual, corporation, limited liability company, trust, partnership, joint venture, association,
unincorporated organization or other entity or organization; 
 (xxiii) “Register,” “Registered” and
“Registration” mean a registration effected by preparing and filing a registration statement of the Company in compliance with the Act, and any related prospectus (and all amendments, supplements and exhibits thereto and all
material incorporated by reference therein filed or required to be filed) and the declaration or ordering of effectiveness of such registration statement; 
  

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 (xxiv) “Registrable Securities” means (A) all shares of Common Stock held directly
or indirectly by a Holder, including any shares of Common Stock issuable or issued upon exercise, conversion or exchange of other securities of the Company or any of its subsidiaries and (B) any securities of the Company issued in respect of
the shares of Common Stock or any other equity securities of the Company, including without limitation, by reason of or in connection with any stock dividend, stock distribution, stock split, spin-off, purchase in any rights offering or in
connection with any exchange for or replacement of such shares or any combination of shares, recapitalization, merger or consolidation or other reorganization, or any other equity securities issued pursuant to any other pro rata distribution with
respect to the Common Stock. As to any particular Registrable Securities, once issued such securities shall cease to be Registrable Securities when (x) they are sold pursuant to an effective registration statement under the Act, (y) the
entire amount of Registrable Securities held by such Holder thereof may be sold without limitation under Rule 144 (or any successor rule or regulation then in effect) and in such circumstances in which all of the applicable conditions of Rule 144
(or such successor rule or regulation) are met or (z) they shall have ceased to be outstanding. No Registrable Securities may be registered under more than one registration statement at any one time; 
 (xxv) “Registration Expenses” means all expenses incident to the Company’s performance of or compliance with this Agreement,
including, without limitation, (A) all registration, listing, qualification and filing fees (including FINRA filing fees), (B) reasonable fees and disbursements of counsel for the Company and, with respect to any Registration, so long as
any Investor or any of its Affiliates participates in such Registration, one special counsel for each selling Investor and/or Affiliate participating in such Registration, and, in any event, one special counsel for the selling Holders participating
in such Registration other than any Investors or their Affiliates (which counsel shall be selected by the selling Holders holding a majority in interest of the Registrable Securities being registered by the selling Holders other than any Investors
or their Affiliates), (C) accounting fees, including the expenses of any special audits or “comfort” letters required by or incident to such performance or compliance, (D) all fees and expenses required by or incident to
complying with state securities and blue sky laws (including counsel fees in connection with the preparation of a blue sky memorandum and legal investment survey and FINRA filings), (E) all preparation, printing, distributing, mailing and
delivery expenses for any registration statement, prospectus, transmittal letters, securities certificates and other documents relating to the performance of and compliance with this Agreement, (F) the expenses incurred in connection with
making road show presentations and holding meetings with potential investors to facilitate the distribution, (G) underwriter fees, excluding discounts and commissions attributable to the sale of Registrable Securities (which shall be paid by
the Holders pro rata based on the proceeds received for the Registrable Securities being sold by such Holders), and any other expenses which are customarily borne by the issuer or seller of securities in a public equity offering, (H) all
internal expenses of the Company (including all salaries and expenses of officers and employees performing legal or accounting duties) and (I) transfer agents’ and registrars’ fees and expenses; 
  

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 (xxvi) “Request Notice” has the meaning set forth in Section 3(b)(i); 

(xxvii) “Rule 144” means Rule 144 (or any successor provision) under the Act; 
 (xxviii) “Shelf Registration Statement” has the meaning set forth in Section 3(a)(i); and 
 (xxix) “Takedown” has the meaning set forth in Section 3(a)(ii). 
 2. Company Registration. 
 (a)
Right to Register. Whenever the Company proposes to Register any of its Common Stock under the Act, whether for its own account, for the account of others or a combination thereof (other than (i) a Registration relating solely to
employee benefit plans, (ii) a Registration relating to a corporate reorganization or other transaction covered by Rule 145 under the Act or the registration of Common Stock as consideration for the acquisition by the Company of another Person,
(iii) a rights offering or (iv) a Registration pursuant to Section 3 hereof), the Company will: (A) give prompt written notice thereof to each Holder, which notice shall specify the number of securities proposed to be Registered,
the proposed date of filing of such registration statement with the Commission, the proposed means of distribution, the proposed managing underwriter or underwriters (if any and if known), and a good faith estimate by the Company of the proposed
minimum offering price of such securities, and (B) subject to the provisions of this Section 2, file a registration statement or amendment covering all of the Registrable Securities that any Holder has requested within ten
(10) business days after receipt of such notice from the Company to be Registered (which request shall specify the number of Registrable Securities to be disposed of by such Holder), and use commercially reasonable efforts to cause such
registration statement to be declared effective under the Act. A Holder’s right to include its Registrable Securities in a Registration under this Section 2(a) will be conditioned upon the timely provision by such Holder of such
information as the Company may reasonably request relating to the disclosure requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration). 
 (b) Right to Terminate Registration. The Company will have the right to terminate, withdraw or delay any Registration initiated by it under this
Section 2 prior to the effectiveness of such Registration whether or not any Holder has elected to include Registrable Securities in such Registration. The Company will give prompt written notice of such determination to each Holder that has
elected to include Registrable Securities in such Registration and, in the case of a determination to terminate or withdraw the registration statement, the Company will be relieved of its obligation to Register any Registrable Securities in
connection with such registration statement, and in the case of a determination to delay effectiveness, the Company will be permitted to delay effectiveness for any period. The Registration Expenses of such terminated, withdrawn or delayed
Registration will be borne by the Company. In addition, for the avoidance of doubt, the Company will have the right to suspend any Registration initiated under this Section 2, including the right to direct selling Holders to suspend sales of
any Registrable Securities pursuant to such Registration, for such periods as the Company may determine; provided that the Company shall promptly reimburse the selling Holders for any Registration Expenses incurred in connection with such
suspension. 
  

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 (c) Priority on Registrations. Each Holder acknowledges and agrees that, in the case of an
underwritten offering, its rights under this Section 2 will be subject to cutback provisions imposed by a managing underwriter under Section 2(d). If, as a result of the cutback provisions of the preceding sentence, a Holder is not
entitled to include all of its requested Registrable Securities in such Registration, then such Holder may elect to withdraw its request to include any or all of its Registrable Securities in such Registration. In the event of any such withdrawal,
the Company shall not include such Registrable Securities in the applicable registration and such Registrable Securities shall continue to be Registrable Securities hereunder. No such withdrawal shall affect the obligations of the Company with
respect to the Registrable Securities not so withdrawn. 
 (d) Underwritten Offerings. In the event of an underwritten offering, the
Company and each Holder will make such arrangements with the underwriters so that such Holder may participate in the offering on the same terms as the Company and any other party selling securities in such offering. The Company will not be required
under this Section 2 to include any of a Holder’s Registrable Securities in such underwriting unless such Holder accepts the terms of the underwriting as agreed upon between the Company and the underwriter or underwriters selected by it
(or by other persons entitled to select the underwriter or underwriters) and enters into an underwriting agreement in customary form with an underwriter or underwriters selected by the Company, and then only in such quantity as the managing
underwriters determine would not reasonably be expected to jeopardize the success of the offering by the Company (the “Maximum Offering Size”). No selling Holder may participate in any underwritten offering pursuant to this
Section 2 unless such selling Holder completes and executes all questionnaires, powers of attorney, indemnities and other documents reasonably required under the terms of or in connection with such underwriting agreement. Notwithstanding any
other provision of this Agreement, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares (including
Registrable Securities) from the Registration and the underwriting, and the number of shares that may be included in such Registration and the underwriting will be allocated in the following priority up to the Maximum Offering Size, (i) first,
to the Company for securities that the Company proposes to Register for its own account; (ii) second, to each of the Holders requesting inclusion of their Registrable Securities in such registration statement on a pari passu basis based upon
the Registrable Securities held by such Holder; and (iii) third, to other securities of the Company to be registered on behalf of any other holder with priorities among them as the Company shall determine. Any Registrable Securities excluded
and withdrawn from such underwriting will be withdrawn from the Registration. For any Holder that is a partnership or corporation, the partners, retired partners and shareholders of such Holder, or the estates and family members of any such partners
and retired partners and any trusts for the benefit of any of the foregoing persons will be deemed to be a single Holder and any pro rata reduction with respect to such Holder will be based upon the aggregate amount of Registrable Securities owned
by all Persons included in such Holder, as described in this sentence. 
  

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 3. Shelf, Demand and Form S-3 Registrations. 
 (a) Shelf Registration. 
 (i) Filing
of Shelf Registration. As promptly as practicable (but no later than September 15, 2009), the Company shall file a “shelf” registration statement (the “Shelf Registration Statement”) with the Commission on an
appropriate form providing for the Registration and sale on a delayed or continuous basis pursuant to Rule 415 (or any similar provision that may be adopted by the Commission) under the Act by the Holders of the Registrable Securities from time to
time in the manner described in the Shelf Registration Statement. The Company shall use its reasonable best efforts to cause the Shelf Registration Statement to be declared effective under the Act as promptly as reasonably practicable following the
filing thereof with the Commission, and to keep the Shelf Registration Statement continuously effective until the date that all Registrable Securities have been sold pursuant to the Shelf Registration Statement or until such securities may be sold
by the applicable Holders under Rule 144 of the Securities Act without the volume or manner of sale restrictions. The Shelf Registration Statement filed pursuant to this Section 3(a)(i) may, subject to the provisions of Section 3(a)(i),
include other securities of the Company with respect to which registration rights have been or may be granted, and may include securities being sold for the account of the Company (collectively, “Other Shares”). The Company in its
sole discretion may condition the inclusion of Registrable Securities in a Registration under this Section 3(a) upon the timely provision by such Holder of such information as the Company may reasonably request relating to the disclosure
requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration). 
 (ii) For so long
as the Holders have the ability to cause a Demand Registration under Section 3(b) or Section 3(c), upon a written request from an Initiating Holder to effect an offering under the Shelf Registration Statement (a
“Takedown”), the Company will, as soon as practicable, (x) deliver a Request Notice relating to the proposed Takedown to all other Holders and (y) promptly (and in any event not later than ten (10) business days after
receiving such Initiating Holder’s request) supplement the prospectus included in the Shelf Registration Statement as would permit or facilitate the sale and distribution of all or such portion of such Initiating Holder’s Registrable
Securities as are specified in such request together with the Registrable Securities requested to be included in such Takedown by any other Holders who notify the Company in writing within five (5) business days after receipt of such Request
Notice from the Company; except that the Registrable Securities requested to be offered pursuant to such Takedown must have an anticipated aggregate price to the public (before any underwriting discounts and commissions) of not less than
$5,000,000. If the Company and/or the holders of any Other Shares request inclusion of Other Shares in a Takedown, such Other Shares shall be included in the Takedown if, and only if, inclusion of such Other Shares would not be reasonably likely to
delay in any material respect the timely effectuation of the Takedown or the sale of Registrable Securities pursuant to the Takedown. In the case of a request for or effectuation of a Takedown, all references in this Agreement to the effective date
of a registration statement shall be deemed to refer to the date of pricing of such Takedown and all references to Registration shall be deemed to refer to the Takedown. 
  

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 (b) Demand Registration. 
 (i) Request by Holders. If the Company receives at any time a written request (specifying the number of Registrable Securities requested to be
Registered and the proposed method of distribution thereof) from an Initiating Holder that the Company file a registration statement under the Act covering the Registration of all or a portion of such Initiating Holder’s Registrable Securities
pursuant to this Section 3(b), then the Company will, within ten (10) days after the receipt of such written request, give written notice of such request (a “Request Notice”) to all Initiating Holders, and file, as soon as
practicable thereafter (but in no event later than thirty (30) days after its receipt of such request from the Initiating Holder), a registration statement to effect the Registration and all such qualifications and compliances as may be
required to facilitate the sale and distribution of all or such portion of the Registrable Securities as are specified in such request and any additional requests by other Initiating Holders received by the Company within fifteen (15) days
after receipt of the Request Notice, subject only to the limitations of this Section 3(b); except that the Registrable Securities requested to be Registered pursuant to such request must have an anticipated aggregate price to the public (before
any underwriting discounts and commissions) of not less than $25,000,000. An Initiating Holder’s right to include its Registrable Securities in a Registration will be conditioned upon the timely provision by such Initiating Holder of such
information as the Company may reasonably request relating to the disclosure requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration). 
 (ii) Maximum Number of Demand Registrations. The Company is obligated pursuant to Section 3(b)(i) to effect only the number of Demand
Registrations for each Investor and its transferees, if any (in their capacity as an Initiating Holder) as follows: 
  

			
	 Investor
	  	Demand
Registrations
	 Avenue
	  	2
	 D. E. Shaw
	  	2
	 Harbinger
	  	2

 except, that if more than 10% of any Initiating Holder’s Registrable Securities that were requested to
be included in a Registration demanded by such Initiating Holder pursuant to this Section 3(b) were not included in such Registration as a result of cutback provisions imposed by the managing underwriter pursuant to Section 3(d), then such
Registration will not count against such Initiating Holder as a Demand Registration under this Section 3(b)(ii). 
 (iii) Expenses
for Withdrawn Registrations. Notwithstanding the provisions of Section 5, the Company will not be required to pay for any Registration Expenses under this Section 3(b) if the registration request is subsequently withdrawn (other than
in accordance with Section 3(f)(iv)) at the request of the Initiating Holder, unless such Initiating Holder agrees to forfeit its right to one (1) Demand Registration pursuant to this Section 3(b); except that if at the time of
such withdrawal, the Initiating Holder has learned of a material adverse change in the condition, business, or prospects of the Company not actually known to the Initiating Holder at the time of its request for such Registration and has withdrawn
its request for Registration with reasonable promptness after learning of such material adverse change, then the Initiating Holder will not be required to pay any of such Registration Expenses nor forfeit any Demand Registration rights pursuant to
this Section 3(b) notwithstanding such withdrawal. 
  

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 (iv) Effective Period. The Company will be required to maintain the effectiveness of the
registration statement with respect to any Demand Registration for a period of at least 270 days after the effective date thereof or such shorter period in which all Registrable Securities included in such registration statement have actually been
sold, except that the Company will extend the time period under this Section 3(b)(iv) with respect to the length of time that the effectiveness of such registration statement must be maintained by the amount of time any Holder is required to
discontinue disposition of such Registrable Securities pursuant to any other provision of this Agreement; provided, however, that such period of time shall not be extended beyond the date that Registrable Securities covered by such
registration statement cease to be Registrable Securities. 
 (v) No Demand Registration. No Demand Registration will be deemed to
have occurred for purposes of this Section 3(b) if (x) the registration statement relating thereto (i) does not become effective or (ii) is not maintained effective for the period required pursuant to this Section 3(b), or
(y) the offering of the Registrable Securities pursuant to such registration statement is subject to a stop order, injunction or similar order or requirement of the Commission during such period, in which case such Initiating Holder will be
entitled to an additional Demand Registration. 
 (c) Form S-3 Registration. 
 (i) After the Company is eligible to Register any Registrable Securities on Form S-3, each Holder will have the right to demand that the Company effect
one or more Registrations with respect to all or a part of its Registrable Securities on Form S-3 and any related qualification or compliance; except that no such demand right will apply to Registrable Securities having an anticipated
aggregate price to the public (before any underwriting discounts and commissions) of less than $5,000,000, unless there shall be other Holders who have requested participation in such Registration who, in the aggregate with the Initiating Holder,
shall have proposed Registration of Registrable Securities having an anticipated aggregate price to the public (before any underwriting discounts and commissions) of at least $5,000,000. Any demand for Registration under this Section 3(c)(i)
will not be considered a Demand Registration request pursuant to Section 3(b). Upon receipt of written request, the Company will, as soon as practicable, (i) give a Request Notice relating to the proposed registration to all other Holders,
and (ii) effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Initiating Holder’s Registrable Securities as
are specified in such request together with the Registrable Securities requested to be included by any other Holders who notify the Company in writing within five (5) business days after receipt of such Request Notice from the Company;
except that the Company will not be obligated to effect any such registration, qualification or compliance pursuant to this Section 3(c) if Form S-3 is not available for such offering. 
 (ii) The Company in its sole discretion may condition the inclusion of Registrable Securities in a Registration under this Section 3(c) upon the
timely provision by such Holder of such information as the Company may reasonably request relating to the disclosure requirements of Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration). 

 

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 (iii) The Company will be required to maintain the effectiveness of the registration statement with
respect to Registrable Securities on Form S-3 registered pursuant to this Section 3(c) for a period of at least 270 days after the effective date thereof or such shorter period in which all Registrable Securities included in such registration
statement have actually been sold, except that the Company will extend the time period under this Section 3(c)(iii) with respect to the length of time that the effectiveness of such registration statement must be maintained by the amount of
time any Holder is required to discontinue disposition of such Registrable Securities pursuant to any other provision of this Agreement. 
 (d) Underwriting. If an Initiating Holder intends to distribute the Registrable Securities covered by its request by means of an underwriting, then it will so advise the Company as a part of such request made pursuant to this
Section 3 and the Company will include such information in the Request Notices referred to in Section 3(a)(ii), Section 3(b)(i) or Section 3(c)(i), as applicable. The Initiating Holder shall select the institution or institutions
that shall manage or lead such underwriting, subject to the consent of the Company which shall not be unreasonably withheld, conditioned or delayed. The right of any Holder to include his, her or its Registrable Securities in such Registration will
be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Holders participating in
such Registration) to the extent provided herein. All Holders proposing to distribute their securities through such underwriting will enter into an underwriting agreement in customary form with the managing underwriter or underwriters. No selling
Holder may participate in any underwritten registration pursuant to this Section 3 unless such selling Holder completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of or in connection with such underwriting agreement. Notwithstanding any other provision of Section 3, if the underwriter or underwriters determine(s) in good faith that marketing factors require a limitation of the
number of shares to be underwritten and so advise(s) in writing the Company and the Holders requesting inclusion of their Registrable Securities in such Registration, then the underwriter or underwriters may exclude shares (including Registrable
Securities) from the Registration and underwriting, and the number of shares that may be included in such Registration and underwriting will be allocated in the following priority up to the Maximum Offering Size, (i) first, to any Holders
requesting inclusion of their Registrable Securities in such Registration pursuant to this Section 3, on a pari passu basis based upon the Registrable Securities held by such Holders, and (ii) second to other holders of securities of the
Company, with priorities among them as the Company shall so determine. If, as a result of the cutback provisions of the preceding sentence, a Holder is not entitled to include all of its requested Registrable Securities in such Registration, then
the Holder may elect to withdraw its request to include any or all of its Registrable Securities in such Registration. Any Registrable Securities excluded and withdrawn from such underwriting will be withdrawn from the Registration and will continue
to be Registrable Securities hereunder. 
 (e) No Registrations if Effective Shelf. Notwithstanding anything else to the contrary in
this Agreement, if, prior to any request for registration pursuant to Sections 2(a), 3(b) or 3(c) with respect to a Holder’s Registrable Securities, (i) the Company shall have filed a Shelf Registration Statement covering such Registrable
Securities and (ii) the Shelf Registration Statement is effective when the requesting Holders would otherwise make a request 

  

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for registration under Sections 2(a), 3(b) or 3(c), as applicable, the Company shall not be required to separately register any Registrable Securities in
response to such request, and such request shall be deemed to be a request that the Company cooperate in effecting a Takedown of the Registrable Securities pursuant to such Shelf Registration Statement. 
 (f) Suspension or Delay. 
 (i)
Notwithstanding anything herein to the contrary in this Agreement, the Company may (x) delay filing a registration statement pursuant to this Section 3 or an amendment thereto, and may withhold efforts to cause such a registration
statement or amendment thereto to become effective or (y) as applicable, by written notice to a selling Holder, may direct such selling Holder to suspend sales of the Registrable Securities pursuant to such registration statement, in each case
for such times as the Company reasonably may determine is necessary and advisable (but in no event for more than an aggregate of sixty (60) days in any rolling 12-month period commencing on the date of this Agreement with respect to all
suspensions or delays pursuant to this Section 3(f)) if any of the following events shall occur: (A) the board of directors of the Company determines in good faith after consultation with outside counsel that such action is required by
applicable law; (B) the board of directors of the Company determines in good faith after consultation with outside counsel that the filing or use of the registration statement or amendment thereto would require the Company to disclose material
information, including, without limitation, the fact that the Company is engaged in confidential negotiations regarding, or is in the process of completing, any significant business transaction, the disclosure of which would not be required in the
absence of such registration statement, and the board of directors of the Company determines in good faith that such disclosure would be materially detrimental to the Company and its stockholders or (C) the Holders of a majority of the
Registrable Securities covered or to be covered by such registration statement consent in writing to such delay or suspension. Upon the occurrence of any such delay or suspension, the Company shall use its reasonable best efforts to cause the
registration statement to become effective, to promptly amend or supplement the registration statement on a post-effective basis or to take such action as is necessary to permit resumed use of the registration statement as soon as possible.

 (ii) In the case of an event specified in Section 3(f)(i) that causes the Company to delay, withhold or suspend the use of a
registration statement (a “Suspension Event”), the Company shall give written notice (a “Suspension Notice”) to the selling Holders to delay, withhold or suspend sales of the Registrable Securities and such notice
shall state the basis for the notice (without disclosing any material non-public information) and certify, by an officer of the Company, that such suspension shall continue only for so long as the Suspension Event or its effect is continuing and the
Company is taking all reasonable steps to terminate the delay, withholding or suspension of the use of the registration statement as promptly as possible. The selling Holders shall not effect any sales of the Registrable Securities pursuant to such
registration statement (or such filings) at any time after receiving a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). The selling Holders may recommence effecting sales of the Registrable
Securities pursuant to the registration statement (or such filings) following further notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company to the
selling Holders in the manner described above promptly following the conclusion of any Suspension Event and its effect. 
  

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 (iii) Notwithstanding any provision herein to the contrary, if the Company shall give a Suspension
Notice pursuant to this Section 3(f) with respect to any registration statement, the Company agrees that it shall extend the period of time during which such registration statement shall be maintained effective pursuant to this Agreement by the
number of days during the period from the date of the giving of a Suspension Notice to and including the date when selling Holders shall have received an End of Suspension Notice and copies of the supplemented or amended Prospectus necessary to
resume sales, with respect to each Suspension Event; provided, however, that such period of time shall not be extended beyond the date that Registrable Securities covered by such registration statement cease to be Registrable Securities 

(iv) If the Company so delays or withholds with respect to a registration statement pursuant to Section 3(f)(i), the Initiating Holders or
demanding Investor, as the case may be, will have the right to withdraw the request for Registration (and the Holders who have requested that their Registrable Securities be included in such Registration may withdraw such Registrable Securities from
such Registration) by giving written notice to the Company within ten (10) days of the anticipated termination date of the postponement period, as provided in the notice delivered to the Holders. In the event of any such withdrawal, the Company
shall not include such Registrable Securities in the applicable registration and such Registrable Securities shall continue to be Registrable Securities hereunder, and, to the extent applicable, such withdrawn registration shall not be counted as a
Demand Registration hereunder. No such withdrawal shall affect the obligations of the Company with respect to the Registrable Securities not so withdrawn. 
 4. Registration Procedures. If and whenever the Company is required to effect the Registration of any Registrable Securities under the Act as provided in Section 2 and Section 3 hereof, the Company
will effect such Registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the Company will cooperate in the sale of the securities and will, in
accordance with the timing requirements of this Agreement (to the extent applicable, in the case of a Takedown): 
 (a) Prepare and file
with the Commission a registration statement or registration statements on such form which will be available for the sale of the Registrable Securities by the Company or the selling Holders in accordance with the intended method or methods of
distribution thereof, and use reasonable best efforts to cause such registration statement to become effective and to remain effective as provided herein; except that before filing a registration statement or prospectus or any amendments or
supplements thereto (including documents that would be incorporated or deemed to be incorporated therein by reference), the Company will furnish or otherwise make available to the Holders who are including Registrable Securities in such registration
statement, each of the Holders’ respective counsel and the managing underwriters, if any, copies of all disclosures relating to such Holders and required by Item 507 of Regulation S-K (or any similar successor requirement), which documents
will be subject to the reasonable review and comment of such counsel, and, if 

  

 11 

 
requested by such counsel, provide such counsel reasonable opportunity to conduct a reasonable investigation within the meaning of the Act, including
reasonable access to the Company’s books and records, officers, accountants and other advisors; provided, that the Company may condition any such investigation upon the execution and delivery by each Holder receiving such disclosure of an
agreement satisfactory to the Company as to form relating to such Holder’s obligation to refrain from disclosing same. The Company will not include any information relating to a Holder in any such registration statement or prospectus or any
amendments or supplements thereto (including such documents that, upon filing, would be incorporated or deemed to be incorporated by reference therein) with respect to a Registration pursuant to Section 2 or Section 3 to which the Holder
(if such registration statement includes Registrable Securities of the Holder) reasonably objects, in writing, on a timely basis, unless, in the opinion of the Company, the inclusion of such information is necessary to comply with applicable law. It
shall be deemed a reasonable review and comment opportunity if such counsel shall have submitted comments, which shall be limited to comments on disclosure relating directly to the affected Holder or Holders, or failed to submit comments, in each
case, within five (5) business days following receipt of the relevant documents by such Holder. 
 (b) Prepare and file with the
Commission such amendments and post-effective amendments to each registration statement as may be necessary to keep such registration statement continuously effective during the period provided herein and comply in all material respects with the
provisions of the Act with respect to the disposition of all securities covered by such registration statement; and cause the related prospectus to be supplemented by any prospectus supplement as may be necessary to comply with the provisions of the
Act with respect to the disposition of the securities covered by such registration statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Act. Notwithstanding the foregoing, the Company
shall be entitled at all reasonable times to suspend a registration statement that includes Registrable Securities during the pendency of any amendments required by this Section 4(b). Such suspension or suspensions shall be effective upon the
transmittal of notice to an affected Holder in compliance with, and using the most expeditious practical means of communication permitted by, Section 10 below. 
 (c) Notify each selling Holder and the managing underwriters, if any, promptly, and (if requested by any such Person) confirm such notice in writing, (i) when a prospectus or any prospectus supplement or
post-effective amendment has been filed, and, with respect to a registration statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission or any other Federal or state governmental
authority for amendments or supplements to a registration statement or related prospectus or for additional information, (iii) of the issuance by the Commission of any stop order suspending the effectiveness of a registration statement or the
initiation of any proceedings for that purpose, (iv) promptly upon the Company becoming aware of the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by
Section 4(o) below ceasing to be true and correct, (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in
any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and (vi) promptly upon the Company becoming aware of the happening of any event that makes any statement made in such registration statement or related
prospectus or any document incorporated or deemed to be incorporated therein by reference 

  

 12 

 
untrue in any material respect or that requires the making of any changes in such registration statement, prospectus or documents so that, in the case of the
registration statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, not misleading, and that in the case of the prospectus,
it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 
 (d) Use commercially reasonable efforts to avoid the issuance of any order suspending the effectiveness of a registration statement or any suspension of
the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, or, if issued, to obtain the withdrawal or lifting of any such order or suspension as promptly as practicable. 
 (e) If requested by the managing underwriters, if any, or the Holders of a majority of the then outstanding Registrable Securities being sold in
connection with an underwritten offering, promptly include in a prospectus supplement or post-effective amendment such information as the managing underwriters, if any, or such Holders may reasonably request in order to permit the intended method of
distribution of such securities and make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company has received such request, including without limitation, with respect to any
hedging activity associated with the Registrable Securities; except that the Company will not be required to take any actions under this Section 4(e) that are not in compliance with applicable law. 
 (f) Furnish or make available to each selling Holder, and each managing underwriter acquiring from or selling on behalf of such Holder, if any, without
charge, at least one conformed copy of the registration statement, the prospectus and prospectus supplements, if applicable, and each post-effective amendment thereto, including financial statements (but excluding schedules, all documents
incorporated or deemed to be incorporated therein by reference, and all exhibits, unless requested in writing by such Holder, counsel or underwriter). To the extent electronic prospectus delivery is permitted under the Act, any delivery of conformed
prospectuses, registration statements, and supplements and amendments thereto, required by any paragraph of this Section 4, may be delivered by electronic means so long as the form of delivery can reasonably be expected to permit such Holder or
Holders, and such underwriter or underwriters, if any, to satisfy their respective prospectus delivery obligations arising under the Act or otherwise. The Company’s electronic delivery pursuant to the preceding sentence is conditioned upon an
undertaking by the Company to deliver, to the extent required under the Act, paper copies of all such documents upon request by a Person acquiring or proposing to acquire such securities. 
 (g) Deliver to each selling Holder, and the underwriters, if any, without charge, as many copies of the prospectus or prospectuses (including each form
of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with the distribution of the Registrable Securities; and the Company, subject to the last paragraph of this Section 4, hereby consents
to the use of such prospectus and each amendment or supplement thereto by each of the selling Holders and the underwriters, if any, in connection with the offering and sale of the Registrable Securities covered by such prospectus and any such
amendment or supplement thereto. 
  

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 (h) Prior to any public offering of Registrable Securities, use commercially reasonable efforts to
Register or qualify or cooperate with the selling Holders, the underwriters, if any, and their respective counsel in connection with the Registration or qualification (or exemption from such Registration or qualification) of such Registrable
Securities for offer and sale under the securities or “blue sky” laws of such jurisdictions within the United States as any selling Holder or underwriter reasonably requests in writing and to keep each such Registration or qualification
(or exemption therefrom) effective during the period such registration statement is required to be kept effective and to take any other action that may be necessary or advisable to enable such selling Holders to consummate the disposition of such
Registrable Securities in such jurisdiction; except that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified, (ii) take any action that would subject it to
material taxation or general service of process in any such jurisdiction where it is not then so subject, or (iii) consent to general service of process in any such jurisdiction. 
 (i) Cooperate with the selling Holders and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates (not
bearing any legends) representing Registrable Securities to be sold after receiving written representations from each relevant Holder that the Registrable Securities represented by the certificates so delivered by such Holder will be transferred in
accordance with the relevant registration statement and only upon satisfaction of any prospectus delivery requirement arising under the Act or otherwise, and enable such Registrable Securities to be in such denominations and registered in such names
as the managing underwriters, if any, or such Holder may request at least five (5) business days prior to any sale of Registrable Securities. 
 (j) Use commercially reasonable efforts to cause the Registrable Securities covered by the registration statement to be registered with or approved by such other governmental agencies or authorities within the United States, except as may
be required solely as a consequence of the nature of such selling Holders’ business, in which case the Company will cooperate in all reasonable respects with the filing of such registration statement and the granting of such approvals, as may
be necessary to enable such Holder or Holders thereof or the underwriters, if any, to consummate the disposition of such Registrable Securities. 
 (k) Upon the occurrence of any event contemplated by Section 4(c)(ii), 4(c)(iii), 4(c)(iv), 4(c)(v) or 4(c)(vi) above, prepare as promptly as practicable a supplement or post-effective amendment to the registration statement
or a supplement to the related prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold
thereunder, such prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made,
not misleading. 
 (l) Prior to the effective date of the registration statement relating to the Registrable Securities, provide a CUSIP
number for the Registrable Securities. 
  

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 (m) Provide and cause to be maintained a transfer agent and registrar for all Registrable Securities
covered by such registration statement from and after a date not later than the effective date of such registration statement. 
 (n) Use
commercially reasonable efforts to cause within thirty (30) days of the effective date of such registration statement, all shares of Registrable Securities covered by such registration statement to be authorized to be listed on a national
securities exchange or quotation system on which any shares of Registrable Securities are at that time, or will be immediately following the offering, listed or traded. 
 (o) In connection with any underwritten offering, enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such other actions
reasonably requested by the managing underwriters to expedite or facilitate the disposition of such Registrable Securities, and in such connection, (i) make such representations and warranties to the underwriters with respect to the business of
the Company and its subsidiaries, and the registration statement, prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers in
underwritten offerings, and, if true, confirm the same if and when requested, (ii) furnish to the underwriters and selling Holders opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance)
will be reasonably satisfactory to the managing underwriters), addressed to each of the underwriters and selling Holders covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be
reasonably requested by such underwriters and selling Holders, (iii) use commercially reasonable efforts to obtain comfort letters and updates thereof from the independent registered public accounting firm of the Company (and, if necessary, any
other independent registered public accounting firms of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the registration statement)
who have certified the financial statements included in such registration statement, addressed to each of the underwriters and selling Holders, such letters to be in customary form and covering matters of the type customarily covered in comfort
letters in connection with underwritten offerings, (iv) if an underwriting agreement is entered into, the same will contain indemnification provisions and procedures substantially to the effect set forth in Section 7 hereof with respect to
all parties to be indemnified pursuant to said Section except as otherwise agreed by the Initiating Holders and (v) deliver such documents and certificates as may be reasonably requested by the managing underwriters to evidence the
continued validity of the representations and warranties made pursuant to Section 4(o)(i) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company.

 (p) Make available for inspection by a representative of the selling Holders, any underwriter participating in any such disposition of
Registrable Securities, if any, and any attorneys, accountants or other professionals retained by such selling Holders or underwriter, at the offices where normally kept, during reasonable business hours, all financial and other records, pertinent
corporate documents and properties of the Company and its subsidiaries, and cause the officers, directors and employees of the Company and its subsidiaries to supply all information in each case reasonably requested by any such representative,

  

 15 

 
underwriter, attorney, accountant or other professionals in connection with such registration statement. If so requested in writing by the Company, the
Company’s obligation to disclose information pursuant to the preceding sentence is conditioned upon the execution and delivery by each Person receiving such disclosure of an agreement satisfactory to the Company as to form relating to such
Person’s obligation to refrain from disclosing same. 
 (q) Cause its officers to use commercially reasonable efforts to support the
marketing of the Registrable Securities covered by the registration statement (including, without limitation, participation in “road shows” and appearing before analysts and rating agencies) taking into account the Company’s business
needs. 
 (r) Cooperate with each selling Holder and each underwriter or agent participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required to be made with FINRA. 
 (s) Otherwise use commercially
reasonable efforts to comply with all applicable rules and regulations of the Commission, and make available to its security holders earnings statements satisfying the provisions of Section 11(a) of the Act and Rule 158 thereunder, as soon as
reasonably practicable, but not more than 45 days after the end of any 12-month period (or 90 days, if such period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Securities are sold to underwriters in an
underwritten public offering or (ii) if not sold to underwriters in such an offering, commencing on the first day of the Company’s first fiscal quarter commencing after the effective date of the registration statement, which statements
will cover the 12-month periods. 
 The Company may require each selling Holder to furnish to the Company in writing such information
pursuant to Item 507 of Regulation S-K (or any similar disclosure requirement applicable to such Registration) required in connection with such Registration regarding such Holder and the distribution of such Registrable Securities as the
Company may, from time to time, reasonably request in writing and the Company may exclude from such Registration the Registrable Securities of any Holder who unreasonably fails to furnish such information within a reasonable time after receiving
such request. 
 Each Holder agrees if such Holder has Registrable Securities covered by such registration statement that, upon receipt of
any notice from the Company of the happening of any event of the kind described in Section 4(c)(ii), 4(c)(iii), 4(c)(iv), 4(c)(v),
 4(c)(vi) or 4(e) hereof, such Holder will forthwith discontinue disposition of such Registrable
Securities covered by such registration statement or prospectus until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 4(k) hereof, or until it is advised in writing by the Company that
the use of the applicable prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such prospectus; except that the Company will extend the
time periods under Section 2 and Section 3 with respect to the length of time that the effectiveness of a registration statement must be maintained by the amount of time such Holder is required to discontinue disposition of such
Registrable Securities, provided that such period of time shall not be extended beyond the date that Registrable Securities covered by such registration statement cease to be Registrable Securities. 
  

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 5. Registration Expenses. The Company will pay (i) all of the Registration Expenses and
(ii) all transfer taxes and brokerage and underwriters’ discounts and commissions attributable to the securities being sold by the Company. Each Holder will pay all transfer taxes and brokerage and underwriters’ discounts and
commissions attributable to the Registrable Securities being sold by such Holder. 
 6. Holdback Agreement. 
 (a) In the case of an underwritten offering of securities by the Company (which, for purposes of this Section 6 shall include an underwritten
Takedown but shall not include the effectiveness of the Shelf Registration Statement or sales thereunder in the absence of an underwritten Takedown) with respect to which the Company has complied with its obligations hereunder, each Holder agrees,
if and to the extent (i) requested by the managing underwriter of such underwritten offering and (ii) all of the Company’s executive officers and directors execute agreements identical to those referred to in this Section 6, that
it shall not during the period beginning on, and ending ninety (90) days (subject to one extension of no more than 17 days if required by the underwriters in connection with NASD Rule 2711(f)(4) or any similar or successor provision) (or such
shorter period as may be permitted by such managing underwriter or such earlier date on which the Company or any Affiliate or executive officer of the Company is permitted to sell shares of Common Stock) after, the effective date of the registration
statement filed in connection with such Registration (the “Holdback Period”), except for Registrable Securities included in such Registration, effect any public sale or distribution of, directly or indirectly, any of the Registrable
Securities or any securities convertible into or exercisable or exchangeable for Common Stock held immediately prior to the effectiveness of the registration statement for such offering, including any sale pursuant to Rule 144 under the Securities
Act; provided that such restrictions shall not apply to (v) any pledges of Registrable Securities by a Holder in favor of a lender or other similar financing source, (w) any such sales, purchases, grants, transfers,
dispositions or arrangements to settle or otherwise close any hedging instruments that were outstanding prior to the beginning of the Holdback Period unless the Holder of such Registrable Securities had proposed to sell Registrable Securities in the
offering, (x) the transfer of Registrable Securities to any beneficiary of a Holder pursuant to a will, other testamentary document or applicable laws of descent, (y) the transfer of Registrable Securities as a bona fide gift or
(z) the transfer of Registrable Securities to a family member or trust, provided that, in each of (x) through (z) the transferee agrees to be bound in writing by the terms of this Agreement prior to such transfer and no
filing by any party (donor, donee, transferor or transferee) under the Exchange Act shall be required or shall be voluntarily made in connection with such transfer (other than (i) a filing on a Form 5 made when required and (ii) filing a
report under Section 16(a) of the Exchange Act in connection with a transfer or distribution to an Affiliate, provided that such report discloses that the transfer is to an Affiliate of such entity and that the transferee will be bound by the
terms of this Agreement as if it were the Holder) and such transfer shall not involve a disposition for value. In addition, notwithstanding the foregoing, any Holder that is a corporation, partnership or limited liability company, such entity (and
its transferees or distributees) may transfer or distribute the Registrable Securities to any wholly-owned subsidiary of such entity or to the partners, members, stockholders or Affiliates of such entity, or to a charitable or family trust, provided
that the transferee or distributee agrees to be bound in writing by the terms of this Agreement prior to such transfer and no filing by any party under the Exchange Act shall be required or shall be voluntarily made in connection with 

  

 17 

 
such transfer (other than a filing on a Form 5 made when required). No Holder subject to this Section 6 (or any officer and/or director of the Company
bound by these restrictions as required by this Section 6) shall be released from any obligation under any agreement, arrangement or understanding entered into pursuant to or contemplated by this Section 6 unless all Holders are also
released (to a similar extent in the case of a partial release) from their obligations under this Section 6(a). In the event of any such release the Company shall notify the Holders of any such release within three (3) business days after
such release. If requested by the managing underwriter, each Holder shall enter, and shall use commercially reasonable efforts to ensure that each Affiliate of such Holder holding Registrable Securities enters, into a lock-up agreement with the
applicable underwriters that is consistent with the agreement in the preceding sentence. 
 (b) In order to enforce the foregoing covenant,
the Company may impose stop transfer instructions with respect to the Registrable Securities of each Holder (and the shares or securities of every other Person subject to the foregoing restriction) until the end of such period. 
 (c) In the case of an underwritten offering of Registrable Securities pursuant to Section 3(b) or Section 3(c) or an underwritten Takedown
pursuant to Section 3(a)(ii), the Company agrees, if and to the extent requested by the managing underwriter of such underwritten offering, not to effect (or Register for sale) any public sale or distribution of any shares of Common Stock for
the Company’s own account during the period beginning on, and ending ninety (90) days (subject to one extension of no more than 17 days if required by the underwriters in connection with NASD Rule 2711(f)(4) or any similar or successor
provision) (or such shorter period as may be permitted by such managing underwriter) after, the effective date of the registration statement filed in connection with such Registration, except for securities of the Company to be offered for the
Company’s account in such underwritten offering. If requested by the managing underwriter, the Company shall enter into a lock-up agreement with the applicable underwriters that is consistent with the agreement in the preceding sentence.
Notwithstanding the foregoing, the Company may effect a public sale or distribution of Common Stock and other securities for the Company’s own account during the period described above (i) pursuant to Registrations on Forms S-4 or S-8 or
any successor registration forms or (ii) as part of any offering and sale to employees or directors of the Company pursuant to any stock plan or other benefit plan arrangement. 
 7. Indemnification. 
 (a) The Company
agrees to indemnify and hold harmless, to the extent permitted by law, each Holder, its directors and officers and each Person who controls such Holder (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act) and any
of such Holder’s agents or representatives, its legal counsel and accountants, any underwriter and any controlling Person of such underwriter (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act), and its
legal counsel against all losses, liabilities, claims, damages and expenses (“Losses”) caused by, arising out of or relating to (A) any untrue or alleged untrue statement of material fact contained in any registration statement
relating to Registrable Securities, or any prospectus, preliminary prospectus, summary or free writing prospectus, or any amendment thereof or supplement to any of the foregoing or any omission or alleged omission of material fact required to be
stated therein or necessary to make the 

  

 18 

 
statements therein not misleading, except insofar as the same are caused by or contained in any information furnished in writing to the Company or any
underwriter by such Holder expressly for use therein or (B) any violation or alleged violation by the Company of the Act, the Exchange Act, any state securities laws or any rule or regulation promulgated under the Act, the Exchange Act or any
state securities laws in connection with the sale of securities by such Holder pursuant to any registration statement in which such Holder is participating, and the Company, in each case, will reimburse each such Holder, officer, director,
controlling Person or other aforementioned Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Losses or action as such expenses are incurred; except that the indemnity agreement
contained in this Section 7(a) will not apply to amounts paid in settlement of any such Losses if such settlement is effected without the consent of the Company (which consent will not be unreasonably withheld, delayed or conditioned).

 (b) Each Holder whose Registrable Securities are included in a registration statement, severally and not jointly, agrees to indemnify, to
the extent permitted by law, the Company, its directors and officers and each Person who controls Company (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act), any of the Company’s agents or representatives,
its legal counsel and accountants, any underwriter and any controlling Person of such underwriter (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act) and each other Holder, against any Losses resulting from any
untrue or alleged untrue statement of material fact contained in the registration statement relating to Registrable Securities, prospectus or preliminary prospectus, summary or free writing prospectus, or any amendment thereof or supplement to any
of the foregoing or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in any
information or affidavit so furnished in writing by such Holder to the Company expressly for use in such registration statement or prospectus relating to the Registrable Securities, and each such Holder will reimburse any Person intended to be
indemnified pursuant to this Section 7(b) for any legal or other expenses reasonably incurred by such Person in connection with investigating or defending any such Losses or action as such expenses are incurred; except that (i) the
indemnity agreement contained in this Section 7(b) will not apply to amounts paid in settlement of any Losses if such settlement is made without the consent of such Holder, which consent will not be unreasonably withheld, conditioned or delayed
and (ii) the obligations of such Holder hereunder will be limited to an amount equal to the net proceeds to such Holder from the sale of its Registrable Securities in the transaction giving rise to the Losses. 
 (c) The indemnification provided for under this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of
the Indemnified Party (as defined herein) or any officer, director, or controlling Person of such Indemnified Party and will survive the transfer of Registrable Securities. 
 (d) Each party entitled to indemnification under this Section 7 (the “Indemnified Party”) will give written notice to the party
required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and will permit the Indemnifying Party to assume the defense
of any such claim or any litigation resulting therefrom; except that counsel for the Indemnifying Party, who will conduct the defense of such claim or any litigation resulting 

  

 19 

 
therefrom, will be approved by the Indemnified Party (whose approval will not unreasonably be withheld, conditioned or delayed), and the Indemnifying Party
shall assume payment of all fees and expenses of such counsel. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party
unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to retention of such counsel or (ii) in the reasonable judgment of such Indemnified Party representation of both parties by the same counsel would be
inappropriate due to actual or potential differing interests between them. The failure of any Indemnified Party to give notice as provided herein or the information required by the last sentence of this Section 7(d) will not relieve the
Indemnifying Party of its obligations under this Section 7 unless and to the extent that the Indemnifying Party is materially prejudiced thereby. No Indemnifying Party, in the defense of any such claim or litigation, will, except with the
consent of the Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release of such
Indemnified Party from all liability in respect to such claim or litigation. The Indemnified Party will furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably request in writing and as will be
reasonably required in connection with the defense of such claim and litigation resulting therefrom. 
 (e) If the indemnification provided
for in this Section 7 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any Losses, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, will contribute to
the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other, in connection
with the statements or omissions which resulted in Losses, as well as any other relevant equitable considerations; except that in no event will any contribution by a Holder under this Section 7(e) exceed the net proceeds to such Holder
from the sale of Registrable Securities in the transaction giving rise to the Losses. The relative fault of the Indemnifying Party and of the Indemnified Party will be determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. 
 (f) The amount paid or payable by an Indemnified Party as a result of the
Losses referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending
any such action or claim. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. Each
Holder’s obligation to contribute pursuant to this Section 7 is several in the proportion that the net proceeds of the offering received by such Holder bears to the total net proceeds of the offering received by all such Holders and not
joint and in no event shall exceed the net proceeds of the offering received by such Holder. 
  

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 (g) The obligations of the Company and Holders under this Section 7 will survive the completion of
any offering of Registrable Securities in a registration statement under Section 2 or Section 3 of this Agreement and otherwise. 
 8. Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission which may permit the sale of restricted securities to the public without Registration the Company agrees to:

 (a) keep public information available, as those terms are understood and defined in Rule 144, at all times; and 
 (b) so long as any Holder owns any Registrable Securities, furnish to such Holder upon request, a written statement by the Company as to its compliance
with the reporting requirements of Rule 144, and of the Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the most recent annual or quarterly report of the Company, and such other reports
and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without Registration. 
 9. Rights Granted to Other Investors. The Company will not grant any registration rights relating to its securities after the date hereof without
the written consent of the Investors unless the priority provisions of Section 2(d) and Section 3(d) continue to apply. 
 10.
Notices. All communications provided for hereunder will be personally delivered or sent by registered or certified mail, nationally recognized overnight courier or facsimile and (a) if addressed to a Holder, addressed to the Holder at
the postal mail address or fax number set forth beside such Holder’s signature, or at such other postal address or fax number as such Holder will have furnished to the Company in writing or (b) if addressed to the Company, to the postal
address or fax number set forth beside the Company’s signature or at such other address or fax number, or to the attention of such other officer, as the Company will have furnished to Holder in writing. All notices and other communications
required or permitted under this Agreement will be in writing and will be deemed effectively given: (w) when personally delivered to the party to be notified; (x) when sent by confirmed facsimile if sent during normal business hours of the
recipient or, if not, then on the next business day, as long as a copy of the notice is also sent via nationally recognized overnight courier, specifying next day delivery, with written verification of receipt; (y) five days after having been
sent by registered or certified mail, return receipt requested, postage prepaid; or (z) one business day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.

 11. Assignment. In connection with the transfer of any shares of Common Stock constituting Registrable Securities to any Person, an
Investor and any subsequent Holder may assign all or any portion of its rights hereunder to such Person and such Person will be entitled to the rights of a Holder granted hereunder, provided that the Company is given written notice at
the time of said transfer or assignment identifying the name and address of the transferee and that the transferee assumes in writing the obligations of a Holder under this Agreement. 
  

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 12. Descriptive Headings. The descriptive headings of the several sections and paragraphs of this
Agreement are inserted for reference only and will not limit or otherwise affect the meaning hereof. 
 13. Governing Law; Consent to
Jurisdiction; Venue. This agreement shall be governed by and construed in accordance with the laws of the state of New York without giving effect to its principles or rules of conflict of laws to the extent such principles or rules would
require or permit the application of the laws of another jurisdiction. Each of the parties hereto hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the courts of the State of New York and the United
States of America located in the county of New York for any action or proceeding arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to commence any action or proceeding relating thereto except
in such courts), and further agrees that service of any process, summons, notice or document by U.S. registered mail to its respective address set forth beside such party’s signature shall be effective service of process for any action or
proceeding brought against it in any such court. Each of the parties hereto hereby irrevocably and unconditionally waives any objection to the laying of venue of any action or proceeding arising out of this Agreement or the transactions contemplated
hereby in the courts of the state of New York. 
 14. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATE HEREBY. 
 15.
No Inconsistent Agreements. The Company will not on or after the date of this Agreement enter into any agreement with respect to its securities that conflicts with or would limit the rights granted to the Holders in this Agreement or
otherwise conflicts with the provisions hereof. 
 16. Amendments and Waivers. Any term of this Agreement may be amended and the
observance of any term may be waived (either generally or in a particular instance and either retroactively or prospectively) only upon the written consent of the Company and Holders holding greater than 80% of the Registrable Securities then held
by the Holders; except that no amendment may (i) disproportionately adversely affect any Holder as compared to the other Holders, (ii) reduce the number of Demand Registrations available to such Holder or (iii) change any
Holder’s obligations under Section 6, in each case without the consent of such Holder. The failure of any party to insist on or to enforce strict performance by the other parties of any of the provisions of this Agreement or to exercise
any right or remedy under this Agreement will not be construed as a waiver or relinquishment to any extent of that party’s right to assert or rely on any provisions, rights or remedies in that or any other instance; rather, the provisions,
rights and remedies will remain in full force and effect. 
 17. Entire Agreement. This agreement is intended by the parties to be a
complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and the registration rights granted by the Company with respect to the Registrable Securities. 
  

 22 

 18. Specific Performance. Without limiting the rights of each party hereto to pursue all other
legal and equitable rights available to such party for any other parties’ failure to perform their obligations under this Agreement, the parties hereto acknowledge and agree that the remedy at law for any failure to perform their obligations
hereunder would be inadequate and that each of them, respectively, to the extent permitted by applicable law, shall be entitled to specific performance, injunctive relief or other equitable remedies in the event of any such failure, without bond or
other security being required. 
 19. Severability. In the event that any one or more of the provisions contained herein, or the
application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the parties shall negotiate in good faith with a view to the substitution therefor of a suitable and equitable solution in order to
carry out, so far as may be valid and enforceable, the intent and purpose of such invalid provision, provided, however, that the validity, legality and enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges of the parties hereto shall be enforceable to the fullest extent permitted by law. 
 20. Counterparts. This agreement may be executed simultaneously in any number of counterparts, each of which will be deemed an original, but all
such counterparts will together constitute one and the same instrument. 
  

 23 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered as of the date
first above written. 
  

			
	COMPANY:
	
	SPECTRUM BRANDS, INC.
		
	By:	 	 /s/    Anthony L. Genito

		 	Name: Anthony L. Genito
		 	Title: Executive Vice President, Chief Financial Officer and Chief Accounting Officer
	  
 Six Concourse Parkway
 Suite 3300
 Atlanta, Georgia 30328
 Attn: General Counsel

			
	INVESTORS:
	
	AVENUE INTERNATIONAL MASTER, L.P.
	
	By: Avenue International Master GenPar, Ltd., its General Partner
		
	By:	 	 /s/    Marc Lasry

		 	Name: Marc Lasry
		 	Title: Director
	
	AVENUE INVESTMENTS, L.P.
	
	By: Avenue Partners, L.L.C., its General Partner
		
	By:	 	 /s/    Marc Lasry

		 	Name: Marc Lasry
		 	Title: Managing Member
	
	AVENUE SPECIAL SITUATIONS FUND V, L.P.
	
	By: Avenue Capital Partners V, LLC, its General Partner
	
	By: GL Partners V, LLC, its Managing Member
		
	By:	 	 /s/    Marc Lasry

		 	Name: Marc Lasry
		 	Title: Managing Member
	
	AVENUE SPECIAL SITUATIONS FUND IV, L.P.
	
	 By: Avenue Capital Partners IV, LLC,
General Partner

	
	By: GL Partners IV, LLC, its Managing Member
		
	By:	 	 /s/    Marc Lasry

		 	Name: Marc Lasry
		 	Title: Managing Member
	
	AVENUE-CDP GLOBAL OPPORTUNITIES FUND, L.P.
	
	 By: Avenue Global Opportunities Fund GenPar, LLC, its General Partner

		
	By:	 	 /s/    Marc Lasry

		 	Name: Marc Lasry
		 	Title: Managing Member
	
	 Avenue Capital Management II, L.P,
 535
Madison Avenue, 14th Floor
 New York, NY 10022
 Attention:
Michael Elkins

			
	HARBINGER CAPITAL MASTER FUND, I LTD.
		
	By:	 	 Harbinger Capital Partners LLC,
 its Investment
Manager

		
	By:	 	 /s/    Peter Jenson

		 	Name: Peter Jenson
		 	Title: VP
	
	 555 Madison Avenue, 16th Floor
 New York, New York 10022
 Attention: David Maura

	
	HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
		
	By:	 	 Harbinger Capital Partners Special Situations GP, LLC,
 its General Partner

		
	By:	 	 /s/    Peter Jenson

		 	Name: Peter Jenson
		 	Title: VP
	
	 555 Madison Avenue, 16th Floor
 New York, New York 10022
 Attention: David Maura

	
	GLOBAL OPPORTUNITIES BREAKAWAY LTD.
		
	By:	 	 Global Opportunities Breakaway Management, L.P.,
 its Investment Manager

		
	By:	 	 /s/    Peter Jenson

		 	Name: Peter Jenson
		 	Title: VP
	
	 555 Madison Avenue, 16th Floor
 New York, New York 10022
 Attention: David Maura

			
	D. E. SHAW LAMINAR PORTFOLIOS, L.L.C.
		
	By:	 	 /s/    Brandon Baer

		 	Name: Brandon Baer
		 	Title: Authorized Signatory
	
	 D. E. Shaw Laminar Portfolios, L.L.C.
 120
West Forty-Fifth Street, 39th Floor
 New York, New York 10036
 Attention: General Counsel2009 Incentive Plan

 Exhibit 10.1 
 SPECTRUM BRANDS, INC. 2009 INCENTIVE PLAN 
 SECTION 1. PURPOSE; DEFINITIONS. 
 The purpose of the Plan is to support the Company’s ongoing efforts to attract and retain leaders of exceptional talent and to provide the Company
with the ability to provide incentives directly linked to the profitability of the Company’s businesses and to increases in shareholder value. 
 For purposes of the Plan, the following terms are defined as set forth below: 
 (a) “Affiliate” has the meaning set
forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act. 
 (b) “Annual Incentive Award” means an
Incentive Award made pursuant to Section 5(a)(v) with a Performance Cycle of one year or less. 
 (c) “Award” means a
grant under this Plan of an Incentive Award, Stock Option, Stock Appreciation Right, Restricted Stock or Other Stock-Based Award. 
 (d)
“Beneficial Owner” has the meaning set forth in Rule 13d-3 promulgated under Section 13 of the Exchange Act. 
 (e)
“Board” means the Board of Directors of the Company. 
 (f) “Cause” means, in the case of a particular
Award, unless the applicable Award agreement states otherwise, (i) the Company or an Affiliate having “cause” to terminate a Participant’s employment or service, as defined in any employment, severance, consulting or other
similar individually-negotiated agreement between the Participant and the Company or an Affiliate in effect at the time of such termination or (ii) in the absence of any such agreement as described in the foregoing clause (i) (or the
absence of any definition of “Cause” contained therein), (A) the Participant’s commission of a felony or a crime involving moral turpitude, or other material act or omission involving dishonesty or fraud, (B) the
Participant’s conduct that brings or is reasonably likely to bring the Company or any of its Affiliates into public disgrace or disrepute and that affects the Company’s or any Affiliate’s business in any material way, (C) the
Participant’s failure to perform duties as reasonably directed by the Company (which, if curable, is not cured within 10 days after notice thereof is provided to the Participant) or (D) the Participant’s gross negligence, willful
malfeasance or material act of disloyalty in the performance of his or her duties with respect to the Company or its Affiliates (which, if curable, is not cured within 10 days after notice thereof is provided to the Participant). Any determination
of whether Cause exists shall be made by the Committee in good faith and in its sole discretion. 
 (g) “Change in Control”
of the Company shall be deemed to have occurred if the event set forth in any one of the following paragraphs shall have occurred: 
 (i)
any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or any of its direct or indirect
subsidiaries) representing more than 50% of the combined voting power of the Company’s then outstanding securities, excluding any Designated Holder and any Person who becomes such a Beneficial Owner in connection with a transaction described in
clause (A) of subsection (iii) below; 

 (ii) the following individuals cease for any reason to constitute a majority of the members of the
Board: (A) individuals who, on the Effective Date, were members of the Board (the “Incumbent Directors”), (B) individuals whose election or nomination to the Board was approved by Incumbent Directors constituting, at the time of
such election or nomination, at least a majority of the Board or (C) individuals whose election or nomination to the Board was approved by individuals referred to in clauses (B) and (C) constituting, at the time of such election or
nomination, at least a majority of the Board (other than, in the cases of clauses (B) and (C), directors whose initial nomination for, or assumption of office as, members of the Board occurs as a result of an actual or threatened solicitation
of proxies or consents for the election or removal of one or more directors by any Person other than a solicitation for the election of one or more directors by or on behalf of the Board); 
 (iii) there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other entity, other
than (A) a merger or consolidation which results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity or any parent thereof) more than 50% of the combined voting power of the voting securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation,
(B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of voting securities of the Company (not including in
the securities Beneficially Owned by such Person any securities acquired directly from the Company or any of its direct or indirect subsidiaries) representing 50% or more of the combined voting power of the Company’s then outstanding voting
securities or (C) a merger or consolidation affecting the Company as a result of which a Designated Holder owns after such transaction more than 50% of the combined voting power of the voting securities of the Company or such surviving entity
or any parent thereof outstanding immediately after such merger or consolidation; or 
 (iv) the shareholders of the Company approve a plan
of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the assets of the Company and its subsidiaries taken as a whole, to any Person,
other than a sale or disposition by the Company of all or substantially all of the assets of the Company to an entity, more than 50% of the combined voting power of the voting securities of which are owned by shareholders of the Company in
substantially the same proportions as their ownership of the Company immediately prior to such sale. 
  

 2 

 Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred by virtue of
(I) the consummation of the Plan of Reorganization having been satisfied or waived as set forth in Sections 8.2 and 8.3 of the Plan of Reorganization or any other contemplated transactions thereunder or (II) the consummation of any transaction
or series of integrated transactions immediately following which the record holders of the Common Stock of the Company immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in
an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 
 (i)
“Commission” means the Securities and Exchange Commission or any successor agency. 
 (j) “Committee” means
the Compensation Committee of the Board or a subcommittee thereof, any successor thereto or such other committee or subcommittee as may be designated by the Board to administer the Plan from time to time; provided, however, the
“Committee” shall be comprised at all times solely of persons who are (i) “nonemployee directors” as defined in Rule 16b-3 promulgated under the Exchange Act and (ii) two or more “outside directors” as defined
in Section 162(m) of the Code. 
 (k) “Common Stock” or “Stock” means the Common Stock of the Company.

 (l) “Company” means Spectrum Brands, Inc., a corporation organized under the laws of the State of Delaware, or any
successor thereto. 
 (m) “Designated Holder” means Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital
Partners Special Situations Fund, L.P., Avenue International Master, L.P., Avenue Investments, L.P., Avenue Special Situations Fund V, L.P., Avenue Special Situations Fund IV, L.P., Avenue-CDP Global Opportunities Fund, L.P. or D. E. Shaw Laminar
Portfolios, L.L.C. and each of their respective subsidiaries and Affiliates (each, a “Designated Holder”). 
 (n)
“Disability” means a termination of employment or services by the Company in the event the Participant is determined to be disabled in accordance with the terms under the Company’s long-term disability plan. 
 (o) “Economic Value Added” means net after-tax operating profit less the cost of capital. 
 (p) “Effective Date” has the meaning set forth in Section 15(g). 
 (q) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 
 (r) “Fair Market Value” means, on a given date: (i) if the Common Stock is listed on a national securities exchange, the closing
sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and traded on such date, or, if there 

  

 3 

 
is no such sale on that date, then on the last preceding date on which such a sale was reported; (ii) if the Common Stock is not listed on any national
securities exchange but is quoted in an inter-dealer quotation service on a last sale basis, the average between the closing bid price and ask price reported on such date, or, if there is no such sale on that date, then on the last preceding date on
which a sale was reported; (iii) if Fair Market Value cannot be determined under clause (i) or (ii) above, or if the Committee determines in its sole discretion that the shares of Common Stock are too thinly traded for Fair Market
Value to be determined pursuant to clause (i) or (ii), the fair market value as determined in good faith by the Committee in its sole discretion; or (iv) if the Common Stock is not listed on a national securities exchange or quoted in an
inter-dealer quotation service on a last sale basis, the amount determined by the Committee in good faith to be the fair market value of the Common Stock; provided, that in the event Fair Market Value is determined pursuant to subsections (ii),
(iii) or (iv) of this Section 1(r), such determination shall be made in a manner that complies with Section 409A of the Code. 
 (s) “Good Reason” means, in the case of a particular Award, unless the applicable Award agreement states otherwise, (i) the Participant having “good reason” to voluntarily terminate (or “constructively
terminate”) his or her employment or service, as defined in any employment, severance, consulting or other similar individually-negotiated agreement between the Participant and the Company or an Affiliate in effect at the time of such
termination or (ii) in the absence of any such agreement as described in the foregoing clause (i) (or the absence of any definition of “good reason” or “constructive termination” contained therein), (A) a material
diminution in the Participant’s base compensation or (B) a material and adverse change in the geographic location at which the Participant must perform the services; provided, that under clauses (i) and (ii) above, the
Participant provides notice of the existence of a Good Reason condition within 10 days of the initial existence of such condition, and Good Reason shall not exist if such condition has been cured, if curable, within 10 days after such notice has
been provided by the Participant. 
 (t) “Incentive Award” means any Award that is either an Annual Incentive Award or a
Long-Term Incentive Award. 
 (u) “Incentive Stock Option” means any Stock Option that complies with Section 422 (or
any amended or successor provision) of the Code. 
 (v) “Long-Term Incentive Award” means an Incentive Award made pursuant
to Section 5(a)(v) with a Performance Cycle of more than one year. 
 (w) “Nonqualified Stock Option” means any Stock
Option that is not an Incentive Stock Option. 
 (x) “Other Stock-Based Award” means an Award made pursuant to
Section 5(a)(iv). 
 (y) “Participant” means an individual who has been selected by the Committee to participate in the
Plan and to receive an Award pursuant to Section 5 of the Plan. 
 (z) “Performance Cycle” means the period selected by
the Committee during which the performance of the Company or any subsidiary, Affiliate or unit thereof or any individual is measured for the purpose of determining the extent to which an Award subject to Performance Goals has been earned.

  

 4 

 (aa) “Performance Goals” mean the objectives for the Company or any subsidiary or
Affiliate or any unit thereof or any individual that may be established by the Committee for a Performance Cycle with respect to any performance-based Awards contingently awarded under the Plan. The Performance Goals for Awards that are intended to
constitute “performance-based” compensation within the meaning of Section 162(m) (or any amended or successor provision) of the Code shall be (i) based on one or more of the following criteria: basic or diluted earnings per share
(before or after taxes), share price (including, but not limited to, growth measures and total shareholder return), operating income, net earnings or net income (before or after taxes), cash flow (including, but not limited to, operating cash flow,
free cash flow and cash flow return on capital), return measures (including, but not limited to, return on capital, assets, invested capital, equity or sales), earnings before interest and taxes (“EBIT”), earnings before or after interest,
taxes, depreciation and/or amortization, measures of Economic Value Added, net revenue or net revenue growth, gross profit or gross profit growth, net operating profit (before or after taxes), gross or operating margins, productivity ratios, expense
targets, margins, operating efficiency, objective measures of customer satisfaction, working capital targets, inventory control and enterprise value, and (ii) established in writing by the Committee prior to the earlier of (A) ninety
(90) days after the commencement of the Performance Cycle or (B) the date on which 25% of the Performance Cycle will elapse, provided, that in either case, achievement of the performance goals is substantially uncertain on such
date. Any one or more Performance Goals may be used on an absolute or relative basis to measure the performance of the Company and/or one or more Affiliates as a whole or any business unit(s) of the Company and/or one or more Affiliates or any
combination thereof, as the Committee may deem appropriate, or any of the above Performance Goals may be compared to the performance of a group of comparator companies, or a published or special index that the Committee, in its sole discretion,
deems appropriate, or as compared to various stock market indices. 
 (bb) “Person” has the meaning given in
Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities
under an employee benefit plan of the Company or any of its Affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of Stock of the Company. 
 (cc) “Plan”
means this 2009 Incentive Plan, as amended from time to time. 
 (dd) “Plan of Reorganization” means the confirmed Joint
Plan of Reorganization of Spectrum Jungle Labs Corporation, et al., filed in the chapter 11 cases of the Company and certain of its affiliates in the United States Bankruptcy Court for the Western District of Texas, Case No. 09-50455.

 (ee) “Restricted Period” means the period during which an Award may not be sold, assigned, transferred, pledged or
otherwise encumbered. 
  

 5 

 (ff) “Restricted Stock” means an Award of shares of Common Stock pursuant to
Section 5(a)(iii). 
 (gg) “Retirement” means a termination of employment or services on or after the date the
Participant attains the age of 65. 
 (hh) “Spread Value” means, with respect to a share of Common Stock subject to an
Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any. 
 (ii) “Stock Appreciation Right” or “SAR” means a right granted pursuant to Section 5(a)(ii). 
 (jj) “Stock Option” means an Incentive Stock Option or a Nonqualified Stock Option granted pursuant to Section 5(a)(i). 
 SECTION 2. ADMINISTRATION. 
 The Plan shall be administered by the Committee, which shall have the power
to interpret the Plan and to adopt such rules and guidelines for carrying out the Plan as it may deem appropriate. The Committee shall have the authority to adopt such modifications, procedures and subplans as may be necessary or desirable to comply
with the laws, regulations, compensation practices and tax and accounting principles of the countries in which the Company, a subsidiary or an Affiliate may operate to assure the viability of the benefits of Awards made to individuals employed in
such countries and to meet the objectives of the Plan. 
 Subject to the terms of the Plan, the Committee shall have the authority to
(i) determine those individuals eligible to receive Awards, (ii) determine the amount, type and terms and conditions of each Award, (iii) determine at the time of the Award grant the number of shares of Common Stock to be covered by,
or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards, (iv) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, shares of Common
Stock, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended, (v) determine at the time of the Award grant
whether, to what extent, and under what circumstances the delivery of cash, Common Stock, other securities, other Awards or other property and other amounts payable with respect to an Award shall be deferred either automatically or at the election
of the Participant or of the Committee, (vi) interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument or agreement relating to, or Award granted under, the Plan,
(vii) establish, amend, suspend, or waive any rules and regulations and appoint such agents as the Committee shall deem appropriate for the proper administration of the Plan, (viii) accelerate the vesting or exercisability of, payment for
or lapse of restrictions on, Awards, (ix) establish and administer any Performance Goals applicable to such Awards, and (x) make any other determination and take any other action that the Committee deems necessary or desirable for the
administration of the Plan; provided, however, at the discretion of the Board, such determinations may be made subject to ratification by the Board; provided, further, the Committee’s power to amend awards is subject
to Section 9. 
  

 6 

 The Committee may delegate its authority and power under the Plan to one or more officers of the Company,
subject to guidelines prescribed by the Committee and approved by the Board, with respect to Participants who are not subject to either Section 16 (or any amended or successor provision) of the Exchange Act or Section 162(m) (or any
amended or successor provision) of the Code. 
 Any determination made by the Committee or pursuant to delegated authority in accordance with
the provisions of the Plan with respect to any Award shall be made in the sole discretion of the Committee or such delegate, and all decisions made by the Committee or any appropriately designated officer pursuant to the provisions of the Plan shall
be final and binding on all persons, including the Company and Participants, but subject to ratification by the Board if the Board so provides. 
 SECTION 3. ELIGIBILITY. 
 All employees of the Company, its subsidiaries and Affiliates, as well as non-employee members of the
Board of Directors of the Company, its subsidiaries or Affiliates are eligible to be granted Awards under the Plan. 
 SECTION 4. COMMON STOCK SUBJECT
TO PLAN. 
 The total number of shares of Common Stock reserved and available for distribution pursuant to the Plan shall be a number of
shares of Common Stock equal to ten percent (10%) of the total number of shares of Common Stock issued or reserved for issuance on the Effective Date of the Plan of Reorganization, all of which may be issued pursuant to the exercise of Stock
Options awarded under the Plan, including Incentive Stock Options. If any Award is exercised or cashed out or terminates or expires or is forfeited without a payment being made to the Participant in the form of Common Stock, the shares subject to
such Award, if any, shall again be available for distribution in connection with Awards under the Plan. Any shares of Common Stock that are used by a Participant as full or partial payment of withholding or other taxes or as payment for the exercise
or conversion price of an Award shall also again be available for distribution in connection with Awards under the Plan. 
 SECTION 5. AWARDS.

 (a) General. The types of Awards that may be granted under the Plan are set forth below. Awards may be granted singly, in
combination or in tandem with other Awards. 
 (i) Stock Options. (A) Generally. A Stock Option represents the right to
purchase a share of Stock at a predetermined grant price. Stock Options granted under this Plan may be in the form of Incentive Stock Options or Nonqualified Stock Options, as specified in the Award agreement, but no Stock Option designated as an
Incentive Stock Option 

  

 7 

 
shall be invalid in the event that it fails to qualify as an Incentive Stock Option. Incentive Stock Options shall be granted only to Participants who are
employees of the Company and its Affiliates, and no Incentive Stock Option shall be granted to any Participant who is ineligible to receive an Incentive Stock Option under the Code. In the case of an Incentive Stock Option, the terms and conditions
of such grant shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code. If for any reason a Stock Option intended to be an Incentive Stock Option (or any portion thereof) shall not qualify as an Incentive
Stock Option, then, to the extent of such nonqualification, such Stock Option or portion thereof shall be regarded as a Nonqualified Stock Option appropriately granted under the Plan. The term of each Stock Option shall be set forth in the Award
agreement, but no Incentive Stock Option shall be exercisable more than ten years after the grant date; provided, however, that in the case of an Incentive Stock Option granted to a Participant who on the date of grant owns stock
representing more than 10% of the voting power of all classes of stock of the Company or any Affiliate, the term of such Incentive Stock Option shall not exceed five years from the date of grant. 
 (B) Exercise Price. The exercise price per share of Common Stock purchasable under any Stock Option shall not be less than 100% of the Fair
Market Value of the underlying Stock on the date of grant; provided, however, that in the case of an Incentive Stock Option granted to an employee who, at the time of the grant of such Stock Option, owns stock representing more than
10% of the voting power of all classes of stock of the Company or any Affiliate, the exercise price per share shall be no less than 110% of the Fair Market Value per share on the date of grant. 
 (C) Method of Exercise and Form of Payment. Subject to the applicable Award agreement, Stock Options may be exercised, in whole or in part, by
giving written notice of exercise to the Company specifying the number of shares to be purchased. Such notice shall be accompanied by payment in full of the exercise price by certified or bank check or such other instrument as the Company may accept
(including a copy of instructions to a broker or bank acceptable to the Company to deliver promptly to the Company an amount of sale or loan proceeds sufficient to pay the exercise price). As determined by the Committee, payment in full or in part
may also be made in the form of Common Stock already owned by the optionee valued at the Fair Market Value on the date the Stock Option is exercised; provided, however, that such Common Stock acquired within the preceding six months
upon the exercise of a Stock Option or stock unit or similar Award granted under the Plan or any other plan maintained at any time by the Company or any subsidiary shall not be used for such payment unless expressly authorized by the Committee.

 (D) Notification upon Disqualifying Disposition of an Incentive Stock Option. Each Participant awarded an Incentive Stock Option
under the Plan shall notify the Company in writing immediately after the date he or she makes a disqualifying disposition of any Common Stock acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any
disposition (including, without limitation, any sale) of such Common Stock before the later of (A) two years after the date of grant of the Incentive Stock Option or (B) one year after the date of exercise of the Incentive Stock Option.
The Company may, if determined by the Committee and in accordance with procedures established by the Committee, retain possession of any Common Stock acquired pursuant to the exercise of an Incentive Stock Option as agent for the applicable
Participant until the end of the period described in the preceding sentence. 
  

 8 

 (E) Compliance with Laws. Notwithstanding the foregoing, in no event will any Participant be
permitted to exercise Stock Options in a manner that the Committee determines would violate the Sarbanes Oxley Act of 2002 or such other applicable law, or any rules or regulations of any securities exchange or inter-dealer quotation system on which
the Company’s securities are traded or quoted. 
 (ii) Stock Appreciation Rights. A SAR represents the right to receive a
payment, in cash, shares of Common Stock or both (as determined by the Committee), with a value equal to the Spread Value on the date the SAR is exercised. The exercise price of a SAR shall be set forth in the applicable Award agreement and shall
not be less than 100% of the Fair Market Value of the underlying Stock on the date of grant. Subject to the terms of the applicable Award agreement, a SAR shall be exercisable, in whole or in part, by giving written notice of exercise to the
Company. 
 (iii) Restricted Stock. Shares of Restricted Stock are shares of Common Stock that are awarded to a Participant and that
during the Restricted Period may be forfeitable to the Company upon such conditions as may be set forth in the applicable Award agreement. Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered during the Restricted
Period. Except as provided in this subsection (iii) and in the applicable Award agreement, a Participant shall have all the rights of a holder of Common Stock, including the right to vote during the Restricted Period. In the sole discretion of
the Committee, an Award of Restricted Stock may provide the Participant with the right to receive ordinary dividends. Dividends with respect to Restricted Stock that are payable in Common Stock shall be paid in the form of additional shares of
Restricted Stock, subject to the same restrictions that apply to the Restricted Stock to which such additional shares are attributable. Extraordinary dividends shall be treated in the manner determined by the Committee. 
 (iv) Other Stock-Based Awards. Other Stock-Based Awards are Awards, other than Stock Options, SARs or Restricted Stock, that are denominated in,
valued in whole or in part by reference to, or otherwise based on or related to, Common Stock. The grant, purchase, exercise, exchange or conversion of Other Stock-Based Awards granted under this subsection (iv) shall be on such terms and
conditions and by such methods as shall be specified by the Committee. 
 (v) Incentive Awards. Incentive Awards are
performance-based Awards that are expressed in U.S. currency or Common Stock or any combination thereof. Incentive Awards shall be either Annual Incentive Awards or Long-Term Incentive Awards. 
 (b) Maximum Awards. The total number of shares of Restricted Stock and other shares of Common Stock subject to or underlying Stock Options, SARs
and Other Stock-Based Awards awarded to any Participant during the term of this Plan shall not exceed 20% of the shares of Common Stock originally reserved for distribution pursuant to the Plan. An Annual Incentive Award paid to a Participant with
respect to any Performance Cycle shall not exceed $3,000,000. A Long-Term Incentive Award paid to a Participant with respect to any Performance Cycle shall not exceed $3,000,000 times the number of years in the Performance Cycle. 
  

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 (c) Performance-Based Awards. Any Awards granted pursuant to the Plan may be in the form of
performance-based Awards through the application of Performance Goals and Performance Cycles. 
 SECTION 6. CHANGE IN CONTROL. 
 (a) Except to the extent otherwise provided in an Award agreement, in the event a Change in Control occurs, and within one year following such Change in
Control the employment or service of a Participant terminates without Cause or the Participant resigns with Good Reason, then the following shall apply with respect to any Award held by such Participant: 
 (i) Any and all Stock Options and SARs granted hereunder shall become immediately exercisable; 
 (ii) Any Restricted Periods and restrictions imposed on Restricted Stock or Other Stock-Based Awards which are not performance-based shall lapse; and

 (iii) Any performance-based Awards will be paid on a pro-rata basis based on actual performance during the applicable
Performance Cycle up to the effective date of the termination of employment or service and such amount shall be paid at the time such Awards would otherwise be paid to the Participant had he or she been employed, but in no event later than the 15
th day of the third month following such date. 
 (b) Except to the extent otherwise provided in an Award agreement, in the event a Change in Control occurs, and within one year following such Change in
Control the employment or service of a Participant terminates due to death, Disability or Retirement, then the following shall apply with respect to any Award held by such Participant: 
 (i) The next tranche, if any, following death, Disability or Retirement for any and all Stock Options and SARs granted hereunder shall become
immediately exercisable; 
 (ii) The next tranche, if any, following death, Disability or Retirement for any Restricted Periods and
restrictions imposed on Restricted Stock or Other Stock-Based Awards which are not performance-based shall lapse; 
 (iii) The next tranche, if any, following death, Disability or Retirement for any performance-based Awards will vest and be paid based on actual performance during the applicable Performance Cycle and such amount shall be paid at the time
such Awards would otherwise be paid to the Participant had he or she been employed, but in no event later than the 15th day of the third month following such date; 
 (iv) All remaining unvested or restricted Awards shall be forfeited without further consideration. 
  

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 (c) Notwithstanding anything to the contrary in this Section 6, in the event an Award vests and/or
is paid as a result of a Change in Control and if the Change in Control does not constitute a change in ownership or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company under
Section 409A of the Code, and if the Committee determines such Award constitutes deferred compensation subject to Section 409A of the Code, then the vesting of such Award shall be accelerated as of the effective date of the Change in
Control, but the Company shall pay such Award on its original payment date, but in no event more than 90 days following the original payment date; provided, further, that the Participant may not designate the calendar year of payment
at any time. 
 SECTION 7. ADJUSTMENTS. 
 Notwithstanding any other provision of the Plan, in the event of (a) any dividend or other distribution (whether in the form of cash, shares of Common Stock, other securities or other property), recapitalization, stock split, reverse
stock split, reorganization, merger, consolidation, split-up, split-off, combination, repurchase or exchange of shares of Common Stock or other securities of the Company, issuance of warrants or other rights to acquire shares of Common Stock or
other securities of the Company, or other similar corporate transaction or event (including, without limitation, a Change in Control) that affects the shares of Common Stock or (b) unusual or nonrecurring events (including, without limitation,
a Change in Control) affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or changes in applicable rules, rulings, regulations or other requirements of any governmental body or securities exchange or
inter-dealer quotation service, accounting principles or law, such that in either case an adjustment is determined by the Committee in its sole discretion to be necessary or appropriate, the Committee shall, in its discretion, make any such
adjustment in such manner as it may deem equitable, including without limitation any or all of the following: 
 (i) providing that one or
more outstanding Awards shall be cancelled in exchange for a payment in cash, shares of Common Stock, other securities or other property, or any combination thereof, equal to the value of such Awards, if any, as determined by the Committee (which if
applicable may be based upon the price per share of Common Stock received or to be received by other shareholders of the Company in such event), including without limitation, in the case of an outstanding Stock Option or SAR, a cash payment in an
amount equal to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of the shares of Common Stock subject to such Stock Option or SAR over the aggregate exercise or purchase price per share subject to such Stock
Option or SAR (it being understood that, in such event, any Stock Option or SAR having a per share exercise price or strike price equal to, or in excess of, the Fair Market Value of a share of Common Stock subject thereto may be canceled and
terminated without any payment or consideration therefor); 
 (ii) adjusting any or all of (A) the number of shares of Common Stock or
other securities of the Company (or number and kind of other securities or other property) which may be delivered in respect of Awards or with respect to which Awards may be granted under the Plan (including, without limitation, adjusting any or all
of the limitations under Section 4(a) of the Plan) and (B) the terms of any outstanding Award, including, without limitation, (1) the number of shares of Common Stock or other securities of the Company (or number and kind 

  

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of other securities or other property) subject to outstanding Awards or to which outstanding Awards relate, (2) the exercise price or strike price with
respect to any Award or (3) any applicable performance measures (including, without limitation, Performance Goals); and 
 (iii)
providing for a substitution or assumption of Awards, accelerating the exercisability of, lapse of restrictions on, or termination of, Awards or providing for a period of time for exercise prior to the occurrence of such event; 
 provided, however, that in the case of any “equity restructuring” (within the meaning of the Financial Accounting Standards Board Statement of
Financial Accounting Standards No. 123 (revised 2004)), the Committee shall make an equitable or proportionate adjustment to outstanding Awards to reflect such equity restructuring. Any adjustment in Incentive Stock Options under
Section 4(b) or this Section 6(b) (other than any cancellation of Incentive Stock Options) shall be made only to the extent not constituting a “modification” within the meaning of Section 424(h)(3) of the Code, and any
adjustments under Section 4(b) or this Section 6(b) shall be made in a manner which does not adversely affect the exemption provided pursuant to Rule 16b-3 under the Exchange Act. The Company shall give each Participant notice of an
adjustment under the Plan and, upon notice, such adjustment shall be conclusive and binding for all purposes. 
 SECTION 8. TERMINATION OF
EMPLOYMENT/SERVICE FOR CAUSE; QUIT. 
 Notwithstanding anything herein to the contrary and except to the extent otherwise provided in an Award
agreement, (a) the unvested portion of an Award shall expire and be forfeited without consideration upon the termination of a Participant’s employment or service by the Company for Cause or in the event of a voluntary termination of
employment or service by the Participant (unless otherwise determined by the Committee) and (b) vested Stock Options and SARs shall expire and be forfeited without consideration upon the termination of a Participant’s employment or service
by the Company for Cause. 
 SECTION 9. CLAWBACK 
 Notwithstanding anything herein to the contrary, an Award agreement may provide that the Committee may in its sole discretion cancel such Award, except as prohibited by applicable law, if the Participant, without the consent of the Company,
while employed by or providing services to the Company or any Affiliate or after termination of such employment or service, violates a non-competition, non-solicitation or non-disclosure covenant or agreement or otherwise engages in activity that is
in conflict with or adverse to the interest of the Company or any Affiliate, including fraud or conduct contributing to any financial restatements or irregularities engaged in activity, as determined by the Committee in its sole discretion. The
Committee may also provide in an Award agreement that the Participant will forfeit any gain realized on the vesting or exercise of such Award, and must repay the gain to the Company, in each case except as prohibited by applicable law, if
(a) the Participant engages in any activity referred to in the preceding sentence or (b) the amount of any such gain was calculated based on the achievement of certain financial results that were subsequently reduced due to a restatement.

  

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 SECTION 10. PLAN AMENDMENT AND TERMINATION. 
 The Board may amend or terminate the Plan at any time; provided, that no such amendment shall be made without stockholder approval if such approval
is required under applicable law or the listing standards of an exchange upon which the common stock is listed. 
 Except as specifically set
forth in the Plan or any Award agreement, no amendment or termination of the Plan or an Award agreement may materially and adversely affect any outstanding Award under the Plan without the Award recipient’s consent. No Stock Option or SAR may
be repriced or modified without stockholder approval (except in connection with a change in the Company’s capitalization), if the effect would be to reduce the exercise or grant price for the shares underlying such Stock Option or SAR.

 SECTION 11. PAYMENTS AND PAYMENT DEFERRALS. 
 Payment of Awards may be in the form of cash, Stock, other Awards or combinations thereof as the Committee shall determine, and with such restrictions as it may impose. Payment shall not be made with respect to Awards that are intended to
constitute “performance-based” compensation within the meaning of Section 162(m) (or any amended or successor provision) of the Code prior to the Committee’s certification, in writing, that the Performance Goals relating to such
Awards have been satisfied. The Committee, either at the time of grant or by subsequent amendment, may require or permit deferral of the payment of Awards under such rules and procedures as it may establish and in accordance with Section 409A
of the Code. Subject to the requirements of Section 409A of the Code, the Committee also may provide that deferred settlements include the payment or crediting of interest or other earnings on the deferred amounts, or the payment or crediting
of dividend equivalents where the deferred amounts are denominated in Common Stock equivalents. 
 SECTION 12. DIVIDENDS AND DIVIDEND EQUIVALENTS.

 The Committee may provide that any Awards under the Plan earn dividends or dividend equivalents. Subject to the requirements of
Section 409A of the Code, such dividends or dividend equivalents may be paid currently or may be credited to a Participant’s Plan account. Any crediting of dividends or dividend equivalents may be subject to such restrictions and
conditions as the Committee may establish, including reinvestment in additional shares of Common Stock or Common Stock equivalents. 
 SECTION 13.
TRANSFERABILITY. 
 Except to the extent permitted by the Award agreement, either initially or by subsequent amendment, Awards shall not be
transferable or assignable other than by will or the laws of descent and distribution, and shall be exercisable during the lifetime of the recipient only by such recipient. 
  

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 SECTION 14. AWARD AGREEMENTS. 
 Each Award under the Plan shall be evidenced by a written agreement (which need not be signed by the recipient unless otherwise specified by the Committee) that sets forth the terms, conditions and limitations for
each Award. Such terms may include, but are not limited to, the term of the Award, vesting and forfeiture provisions, and the provisions applicable in the event the recipient’s employment or service terminates. The Committee may amend an Award
agreement; provided, that no such amendment may materially and adversely affect an Award without the Award recipient’s consent. 
 SECTION 15. UNFUNDED STATUS OF PLAN. 
 It is presently intended that the Plan constitute an “unfunded” plan for
incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however, that, unless the
Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan. 
 SECTION 16. GENERAL PROVISIONS. 
 (a) Securities Law Compliance. The Committee may require each person acquiring shares
of Common Stock pursuant to an Award to represent to and agree with the Company in writing that such person is acquiring the shares without a view to the distribution thereof. The certificates for such shares may include any legend that the
Committee deems appropriate to reflect any restrictions on transfer. All certificates for shares of Common Stock or other securities delivered under the Plan shall be subject to such stock transfer orders and other restrictions as the Committee may
deem advisable under the rules, regulations and other requirements of the Commission, any stock exchange upon which the Common Stock is then listed and any applicable Federal, state or foreign securities law, and the Committee may cause a legend or
legends to be put on any such certificates to make appropriate reference to such restrictions. 
 (b) Other Arrangements. Nothing
contained in this Plan shall prevent the Company, a subsidiary or an Affiliate from adopting other or additional compensation arrangements for its employees or directors. As a condition precedent to the grant, exercise or receipt of all or any
portion of an Award pursuant to the Plan, the Committee may require a Participant to execute a lock-up, stockholder or other agreement, as the Committee may reasonably determine in its sole discretion. 
 (c) Employment/Service. Neither the adoption of the Plan nor the granting of Awards under the Plan shall confer upon any Participant any right to
continued employment or service nor shall they interfere in any way with the right of the Company, a subsidiary or an Affiliate to terminate the employment or service of any Participant at any time. 
 (d) Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Participant for income tax purposes
with respect to any 

  

 14 

 
Award under the Plan, the Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any Federal,
state, local or foreign taxes of any kind required by law or applicable regulation to be withheld with respect to such amount. Unless otherwise determined by the Committee, withholding obligations arising from an Award may be settled with Common
Stock, including Common Stock that is part of, or is received upon exercise or conversion of, the Award that gives rise to the withholding requirement. The obligations of the Company under the Plan shall be conditional on such payment or
arrangements, and the Company, its subsidiaries and its Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant. The Committee may establish such procedures as it
deems appropriate, including the making of irrevocable elections, for the settling of withholding obligations with Common Stock. 
 (e)
Governing Law. The Plan and all Awards made and actions taken thereunder shall be governed by and construed in accordance with the laws of the State of Wisconsin. 
 (f) Severability. If any provision of the Plan is held invalid or unenforceable, the invalidity or unenforceability shall not affect the remaining parts of the Plan, and the Plan shall be enforced and construed
as if such provision had not been included. 
 (g) Effective Date. This Plan shall become effective on the date upon which all
conditions to the consummation of the Plan of Reorganization have been satisfied or waived as set forth in Sections 8.2 and 8.3 of the Plan of Reorganization (the “Effective Date”). Awards may be made under this Plan until the tenth
anniversary of the Effective Date. 
 (h) Section 409A. The intent of the parties is that payments and benefits under this Plan
comply with or be exempt from Section 409A of the Code, and accordingly, this Plan shall be interpreted and administered to be in compliance therewith or exempt therefrom. If taxes or penalties under Section 409A shall be imposed on a
Participant in connection with this Plan, such Participant shall be solely responsible and liable for the satisfaction of all such taxes and penalties imposed on such Participant, and neither the Company nor any affiliate shall have any obligation
to indemnify or otherwise hold such Participant (or any beneficiary) harmless from any or all of such taxes or penalties. Notwithstanding anything contained herein to the contrary, a Participant shall not be considered to have terminated employment
with the Company for purposes of this Plan unless the Participant would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A of the Code. Each amount to be paid or benefit to
be provided under this Plan shall be construed as a separate identified payment for purposes of Section 409A of the Code, and any payments described in this Plan that are due within the “short term deferral period” as defined in
Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise. Without limiting the foregoing and notwithstanding anything contained herein to the contrary, to the extent required in order to
avoid accelerated taxation and/or tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Plan during the six-month period immediately following a
Participant’s separation from service shall instead be paid on the first business day after the date that is six months following the Participant’s separation from service (or death, if earlier). Notwithstanding anything contained herein
to the contrary, Stock Options and SARs shall not be awarded to 

  

 15 

 
certain Participants where the underlying shares of such Award would not be “service recipient stock” as defined in Section 409A of the Code.
The Plan and any Award agreements issued thereunder may be amended in any respect deemed by the Board or the Committee to be necessary in order to preserve compliance with Section 409A of the Code. 
  

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