Document:

Exhibit 10.2

 Exhibit 10.2 

STOCKHOLDERS’ AGREEMENT 
 by
and among 
 METALDYNE PERFORMANCE GROUP INC., 

ASP MD INVESTCO LP, 
 ASP HHI
INVESTCO LP, 
 ASP GREDE INVESTCO LP 

and 
 THE MINORITY INVESTORS
IDENTIFIED HEREIN 
 Dated as of August 4, 2014 
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	 Page
	 
	 I. INTRODUCTORY MATTERS
	  	 	1	  
		 	 1.1
	  	Defined Terms	  	 	1	  
		 	 1.2
	  	Construction	  	 	8	  
		
	 II. TRANSFERS
	  	 	8	  
		 	 2.1
	  	Limitations on Transfer	  	 	8	  
		 	 2.2
	  	Right of First Offer	  	 	10	  
		 	 2.3
	  	Certain Permitted Transfers	  	 	11	  
		 	 2.4
	  	Tag-Along Rights	  	 	12	  
		 	 2.5
	  	Drag Along Rights	  	 	13	  
		 	 2.6
	  	Participation Right	  	 	14	  
		
	 III. REGISTRATION RIGHTS
	  	 	15	  
		 	 3.1
	  	Piggyback Rights	  	 	15	  
		 	 3.2
	  	Registration on Request of AS Persons	  	 	16	  
		 	 3.3
	  	Other Registration-Related Matters	  	 	17	  
		 	 3.4
	  	Indemnification	  	 	19	  
		
	 IV. PURCHASE OF MINORITY SHARES UPON TERMINATION DATE
	  	 	22	  
		 	 4.1
	  	Purchase of Minority Shares Upon Termination of Employment	  	 	22	  
		
	 V. CERTAIN OTHER AGREEMENTS
	  	 	25	  
		 	 5.1
	  	Certain Transactions	  	 	25	  
		 	 5.2
	  	Mergers, Etc.	  	 	25	  
		 	 5.3
	  	Board of Directors; Books and Records	  	 	25	  
		 	 5.4
	  	Proxies, Voting Trusts and Other Agreements	  	 	26	  
		 	 5.5
	  	Competing Opportunity	  	 	26	  
		 	 5.6
	  	Non-Competition; Non-Solicitation	  	 	27	  
		
	 VI. MISCELLANEOUS
	  	 	29	  
		 	 6.1
	  	Additional Securities Subject to Agreement	  	 	29	  
		 	 6.2
	  	Acknowledgement of the Merger Agreement	  	 	29	  
		 	 6.3
	  	Determinations by AS Investors	  	 	30	  
		 	 6.4
	  	Term	  	 	30	  
		 	 6.5
	  	Notices	  	 	30	  
		 	 6.6
	  	Further Assurances	  	 	31	  
		 	 6.7
	  	Non-Assignability	  	 	31	  
		 	 6.8
	  	Amendment; Waiver	  	 	31	  
		 	 6.9
	  	Third Parties	  	 	31	  
		 	 6.10
	  	Governing Law	  	 	32	  
		 	 6.11
	  	Specific Performance	  	 	32	  
		 	 6.12
	  	Entire Agreement	  	 	32	  
		 	 6.13
	  	Titles and Headings	  	 	32	  

  
 i 

									
		 	 6.14
	  	Severability	  	 	32	  
		 	 6.15
	  	Counterparts	  	 	33	  
		 	 6.16
	  	Additional Investors	  	 	33	  

  
 ii 

 THIS STOCKHOLDERS’ AGREEMENT (this “Agreement”) is
made as of August 4, 2014, by and among (i) Metaldyne Performance Group Inc., a Delaware corporation (the “Company”), (ii) ASP MD Investco LP, a Delaware limited partnership, ASP HHI Investco LP, a Delaware
limited partnership, and ASP Grede Investco LP, a Delaware limited partnership (each of the foregoing, an “AS Investor,” and together with their respective successors and permitted assigns and transferees, the “AS
Investors”), (iii) the parties identified on the signature pages hereto as “Original Management Investors” (collectively, together with their respective Permitted Transferees, the “Original Management
Investors”), (iv) GE Capital Equity Holdings, Inc., a Delaware corporation (the “Other Original Investor”), (v) the parties identified on the signature pages to the supplementary agreements referred to
in Section 6.16 hereof as “Additional Investors” (collectively, together with their respective Permitted Transferees, the “Additional Investors”), and (vi) each other Person who holds shares of Company
Common Stock and executes a writing reasonably satisfactory in form and substance to the Company and the AS Investors agreeing to become a party to, and agreeing to be bound by, the terms of this Agreement (collectively, together with the Additional
Investors, the Original Management Investors, the Other Original Investor and each Person who executes an Assumption Agreement and falls under clause (x)(i) of the definition of Assumption Agreement, the “Minority
Investors”). 
 RECITALS 

A. (i) The Company, (ii) certain newly-formed wholly-owned merger subsidiaries of the Company, (iii) ASP Grede
Intermediate Holdings LLC, a Delaware limited liability company (“Grede”), ASP MD Holdings, Inc., a Delaware corporation (“Metaldyne”), and ASP HHI Holdings, Inc., a Delaware corporation
(“HHI” and, together with Grede and Metaldyne, as the surviving companies in the Mergers (as hereinafter defined), the “Surviving Companies”), and (iv) solely for purposes of Section 7.03 of
the Merger Agreement (as hereinafter defined), ASP Grede Holdings LLC, a Delaware limited liability company (“Grede Holdings”), are parties to the Agreement and Plan of Merger, dated as of July 31, 2014 (as it may be
amended from time to time, the “Merger Agreement”), pursuant to which (x) the Surviving Companies have become direct, wholly-owned subsidiaries of the Company as a result of mergers survived by each of the Surviving
Companies (the “Mergers”) and the liquidation of Grede Holdings (the “Liquidation”); and (y) the AS Investors hold a majority of the outstanding shares of common stock, par value $0.001 per share,
of the Company (the “Company Common Stock”), and the Minority Investors hold the remainder of the outstanding shares of the Company Common Stock; and 

B. The parties hereto wish to provide for certain matters relating to their respective holdings of Company Common Stock. 

I. INTRODUCTORY MATTERS 

1.1 Defined Terms. The following terms have the following meanings when used herein with initial capital letters: 

“Acceptance Notice” has the meaning set forth in Section 2.2(b). 

  
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 “Affiliate” means, with respect to any Person, any Person
that directly or indirectly controls, is controlled by or is under common control with, such Person. 

“Additional Investors” has the meaning set forth in the preamble to this Agreement. 

“Additional Management Investors” has the meaning set forth in Section 6.18. 

“Agreement” means this Agreement, as the same may be amended, supplemented or otherwise modified from
time to time in accordance with the terms hereof. 
 “AS Demand Party” has the meaning set forth in
Section 3.2(a). 
 “AS Investor” and “AS Investors” have the meanings set
forth in the preamble to this Agreement. 
 “AS Nominee” has the meaning set forth in Section
5.3(b). 
 “AS Person(s)” means, any of the following individually, or such Persons collectively, as
the context requires: (i) the AS Investors, (ii) American Securities Partners VI, L.P., (iii) American Securities Partners VI(B), L.P., (iv) American Securities Partners VI(C), L.P., (v) American Securities Partners VI(D),
L.P., (vi) ASP VI Alternative Investments, L.P., (vii) any general or limited partnership, corporation or limited liability company having as a general partner, controlling equity holder or managing member (whether directly or indirectly)
a Person who is a member of American Securities LLC or an Affiliate of any such Person and (viii) any successor of any of the foregoing. 

“AS Sale” has the meaning set forth in Section 2.4(a). 

“Assumption Agreement” means a writing reasonably satisfactory in form and substance to the Company
and the AS Investors whereby a transferee of shares of Company Common Stock becomes a party to, and agrees to be bound, to the same extent as its transferor, by the terms of this Agreement (i.e., (x)(i) if the transferor of such shares was a
Minority Investor, such transferee will be subject to the same rights and obligations as the Minority Investor who transferred such shares unless (ii) the transfer occurred pursuant to Section 2.4, in which case such transferee will be
subject to the same rights and obligations as the AS Persons and (y) if the transferor of such shares was an AS Person, such transferee will be subject to the same rights and obligations of such AS Person). 

“Available Shares” has the meaning set forth in Section 4.1(e). 

“Board” means the Board of Directors of the Company. 

  
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 “Call Option” has the meaning set forth in Section
4.1(a). 
 “Call Period” has the meaning set forth in Section 4.1(b). 

“Cause” means that: 

(i) an employee has committed a deliberate and premeditated act against the interests of the Company, including an act of
fraud, embezzlement, misappropriation or breach of fiduciary duty against the Company, including the offer, payment, solicitation or acceptance of any unlawful bribe or kickback with respect to the Company’s business; or 

(ii) an employee has been convicted by a court of competent jurisdiction of, or pleaded guilty or nolo contendere to, any
felony or any crime involving moral turpitude; or 
 (iii) an employee has failed to perform or neglected the material
duties incident to his or her employment with the Company on a regular basis, and such refusal or failure shall have continued for a period of twenty (20) days after written notice to such employee specifying such refusal or failure in
reasonable detail; or 
 (iv) an employee has been chronically absent from work (excluding vacations, illnesses, Disability
or leaves of absence approved by the Board); or 
 (v) an employee has refused, after explicit written notice, to obey any
lawful resolution of or direction by the Board which is consistent with the duties incident to his or her employment with the Company and such refusal continues for more than 20 days after written notice is given to such employee; or 

(vi) an employee has materially breached any of the terms contained in any employment agreement, non-competition agreement,
confidentiality agreement or similar type of agreement to which such employee is a party; or 
 (vii) an employee has
engaged in (A) the unlawful use (including being under the influence) or possession of illegal drugs on the Company’s premises or (B) habitual drunkenness. 

Any voluntary termination of employment by an employee in anticipation of an involuntary termination of such employee’s
employment for Cause shall be deemed to be a termination for “Cause.” In the event that an employee is party to an employment, severance or similar agreement, or non-competition or similar type of agreement, with the Company or any of its
Affiliates and such agreement contains a definition of “Cause”, the definition of “Cause” set forth above shall be deemed replaced and superseded, with respect to such employee, by the definition of “Cause” used in such
agreement. 
 “Company” has the meaning set forth in the preamble to this Agreement. 

“Company Common Stock” has the meaning set forth in the recitals to this Agreement. 

  
 3 

 “Competitive Business” has the meaning set forth in
Section 5.6(a)(iii). 
 “Competitive Opportunity” has the meaning set forth in Section 5.5(b). 

“Disability” means a physical or mental disability to the extent that an employee cannot perform his
or her duties as an employee (in his or her then-current position) of the Company or any subsidiary of the Company for a period of 90 consecutive days. In the event that an employee is party to an employment, severance or similar agreement, or
non-competition or similar type of agreement, with the Company or any of its Affiliates and such agreement contains a definition of “Disability”, the definition of “Disability” set forth above shall be deemed replaced and
superseded, with respect to such employee, by the definition of “Disability” used in such agreement. 

“Dragging Parties” has the meaning set forth in Section 2.5(a). 

“Drag-Along Notice” has the meaning set forth in Section 2.5(b). 

“Employment Term” has the meaning set forth in Section 5.6(a)(i). 

“Exempted Persons” has the meaning set forth in Section 5.5(a). 

“Fair Market Value” shall mean (a) in the case of securities, (i) if equity securities of
the Company are listed on the New York Stock Exchange, the NASDAQ National Market or another national stock exchange, the officially quoted closing price on such stock exchange, or (ii) if equity securities of the Company are not listed on
either the New York Stock Exchange, the NASDAQ National Market or another national stock exchange, the fair market value as determined by the Board in its sole discretion, subject only to the requirement that the Board shall have made such
determination in good faith and (b) in the case of any other property, the fair market value of the consideration or amount that may be reasonably expected to be paid or given in exchange for equity securities of the Company as determined by
the Board in its sole discretion, subject only to the requirement that the Board shall have made such determination in good faith, in an exchange between a willing buyer and an unrelated willing seller, with equity to both, neither under any
compulsion to buy or sell, and both fully aware of all relevant facts, as of the specified date. 

“Grede” has the meaning set forth in the recitals to this Agreement. 

“Grede Holdings” has the meaning set forth in the recitals to this Agreement. 

“HHI” has the meaning set forth in the recitals to this Agreement. 

“Holder” has the meaning set forth in Section 3.3(a). 

“Indemnified Parties” has the meaning set forth in Section 3.4(a). 

“Initiating Party” has the meaning set forth in Section 3.1(a). 

  
 4 

 “IPO” means the completion of a Public Offering of
Company Common Stock at the conclusion of which the aggregate value of shares of Company Common Stock that have been sold to the public pursuant to such Public Offering or previous Public Offerings is equal to or exceeds $100 million and at the time
of which Public Offering shares of common stock of the Company are or become listed on the New York Stock Exchange, the NASDAQ National Market or another national securities exchange. 

“Issuance” has the meaning set forth in Section 2.6(a). 

“Issuance Notice” has the meaning set forth in Section 2.6(a). 

“Legend” has the meaning set forth in Section 2.1(d). 

“Liquidation” has the meaning set forth in the recitals to this Agreement. 

“Losses” has the meaning set forth in Section 3.4(e). 

“Management Consulting Agreements” means (i) that certain Management Consulting Agreement, dated
as of June 2, 2014, by and between Grede Holdings LLC and American Securities LLC; (ii) that certain Management Consulting Agreement, dated as of December 18, 2012, by and between MD Investors Corporation and American Securities LLC;
(iii) that certain Management Consulting Agreement, dated as of October 5, 2012, by and between ASP HHI Acquisition Co., Inc. and American Securities LLC; (iv) any similar or successor Management Consulting Agreement relating to or in
respect of the agreements in (i) through (iii); and (v) any Management Consulting Agreement entered into by and between the Company and American Securities LLC or any of its Affiliates after the date hereof, in each case with respect to
(i) through (v), including any and all amendments and supplements thereto. 
 “Management
Investors” means, collectively, the Original Management Investors together with the Additional Management Investors. 

“Mergers” has the meaning set forth in the recitals to this Agreement. 

“Merger Agreement” has the meaning set forth in the recitals to this Agreement. 

“Metaldyne” has the meaning set forth in the recitals to this Agreement. 

“Minority Investors” has the meaning set forth in the preamble to this Agreement. 

“Minority Shares” means all shares of Company Common Stock issued to or held by, any Minority
Investor, including all shares of Company Common Stock purchased by a Minority Investor for cash or issued upon conversion of convertible securities, upon exercise of stock options, by way of a stock dividend or stock sold in connection with any
conversion, merger, consolidation, recapitalization or other reorganization affecting the Company Common Stock. Minority Shares will continue to be Minority Shares in the hands of any transferee other than the Company or an AS Person. 

“Offering Price” has the meaning set forth in Section 2.2(a). 

  
 5 

 “Option Notice” has the meaning set forth in Section
4.1(e). 
 “Original Management Investors” has the meaning set forth in the preamble to this
Agreement. 
 “Original Stockholders’ and LLC Agreements” has the meaning set forth in Section
6.13. 
 “Other Original Investor” has the meaning set forth in the preamble to this Agreement. 

“Permitted Third Party Transfer Date” means, in the case of any Minority Investor (including any
Management Investor), the tenth anniversary of the date on which such Minority Investor was originally issued the Company Common Stock proposed to be sold pursuant to Section 2.2(a) or, if such Company Common Stock was issued upon the exercise
of any option(s), the date on which such Minority Investor was originally issued such option(s). 
 “Permitted
Transferee” means any Person to whom shares of Company Common Stock are transferred in a Transfer in accordance with Section 2.3 and not in violation of this Agreement and who is required to, and does, execute and deliver to the
Company an Assumption Agreement, and includes any Person to whom a Permitted Transferee of a Minority Investor (or a Permitted Transferee of a Permitted Transferee) so further Transfers shares of Company Common Stock and who is required to, and
does, execute and deliver to the Company an Assumption Agreement. 
 “Person” means any individual,
corporation, limited liability company, partnership, trust, joint stock company, business trust, unincorporated association, joint venture, governmental authority or other legal entity of any nature whatsoever. 

“Piggy-Back Shares” has the meaning set forth in Section 3.1(a). 

“Proposed Transferee” has the meaning set forth in Section 2.4(a). 

“Protective Agreements” has the meaning set forth in Section 5.6(b). 

“Public Offering” means the sale of shares of the Company Common Stock to the public pursuant to an
effective registration statement (other than a registration statement on Form S-4 or S-8 or any similar or successor form) filed under the Securities Act in
connection with an underwritten offering. 
 “Put Right” has the meaning set forth in Section
4.1(i). 
 “Qualified Purchaser” means any Person to whom any Minority Investor wishes to sell
shares of Company Common Stock pursuant to Section 2.2; provided that, such Person (i) shall not be, directly or indirectly, engaged in any business which is in competition with the Company or any of its direct or indirect
subsidiaries, (ii) shall have been approved by the Company (which approval shall not be unreasonably denied except in the case of (A) potential interference with the Company’s strategy or (B) any

  
 6 

 
reasonably foreseeable potential adverse effect on the Company or any of its stockholders, as determined by the Company in good faith) and (iii) executes and delivers to the Company and the
AS Investors an Assumption Agreement. 
 “Registrable Securities” means any shares of Company Common
Stock held by the Stockholders. For purposes of this Agreement, any Registrable Securities held by any Person will cease to be Registrable Securities when (i) a registration statement covering such Registrable Securities has been declared
effective and such Registrable Securities have been disposed of pursuant to such effective registration statement, (ii) all Registrable Securities held by such Person may be offered and sold pursuant to Rule 144 (or any similar provision
then in effect) under the Securities Act in a single transaction or series of transactions over a 90-day period, or (iii) such Registrable Securities cease to be outstanding. 

“Registration Expenses” means any and all expenses incident to the performance by the Company of its
obligations under Section 3.1 or 3.2, including (i) all SEC, stock exchange, National Association of Securities Dealers, Inc. and other comparable regulatory agencies, registration and filing fees, (ii) all fees and expenses of the
Company in complying with securities or blue sky laws (including fees and disbursements of counsel for the underwriters in connection with blue sky qualifications), (iii) all printing, messenger and delivery expenses of the Company,
(iv) the fees and disbursements of counsel for the Company and of its independent accountants, including the expenses of any “cold comfort” letters required by or incident to such performance and compliance, and (v) fees and
disbursements customarily paid by issuers of securities (but not underwriters’ or sales agents’ discounts or similar compensation). 

“Remaining Stock” has the meaning set forth in Section 2.2(b). 

“Restricted Period” has the meaning set forth in Section 5.6(a)(i). 

“Right” has the meaning set forth in Section 2.6(a). 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder, as the same may be amended from time to time. 
 “Shortfall Shares” has the
meaning set forth in Section 2.2(b). 
 “Stockholders” means each of the holders of Company Common
Stock who are parties to this Agreement or an Assumption Agreement. 
 “Tag-Along Acceptance” has
the meaning set forth in Section 2.4(a). 
 “Tag-Along Notice” has the meaning set forth in
Section 2.4(a). 
 “Tagging Stockholder” has the meaning set forth in Section 2.4(a). 

  
 7 

 “Termination for Good Reason” means (i) a material
diminution in employee’s title, duties, authorities, or reporting responsibilities, without employee’s prior consent, or (ii) a reduction of employee’s base salary or target bonus incentive opportunity under any bonus or
incentive plan without employee’s prior consent. In the event that an employee is party to an employment, severance or similar agreement, or non-competition or similar type of agreement, with the Company or any of its Affiliates and such
agreement contains a definition of “Good Reason”, the foregoing definition of “Good Reason” shall be deemed replaced and superseded, with respect to such employee, by the definition of “Good Reason” used in such
agreement. Notwithstanding the foregoing, no event described in the preceding sentence shall constitute Termination for Good Reason unless the employee gives the Company notice of the event within the sixty (60) day period following the
occurrence of such event. 
 “Third Party” has the meaning set forth in Section 2.5(a). 

“Transfer” means a transfer, sale, assignment, pledge, hypothecation or other disposition (including
by operation of law), whether directly or indirectly pursuant to the creation of a derivative security, the grant of an option or other right. 

“Transfer Notice” has the meaning set forth in Section 2.2(a). 

“Transfer Stock” has the meaning set forth in Section 2.2(a). 

1.2 Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual
intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not exclusive, (b) words in the singular include the plural, and in the plural
include the singular, (c) the words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this
Agreement, (d) the words “include”, “includes” or “including” as used in this Agreement shall be deemed to be followed by the words “without limitation” and (e) Section references are to
sections of this Agreement unless otherwise specified. 
 II. TRANSFERS 

2.1 Limitations on Transfer 

(a) Each Stockholder hereby agrees that it will not, directly or indirectly, Transfer any shares of Company Common Stock unless such Transfer
complies with the provisions hereof and (i) such Transfer is pursuant to an effective registration statement under the Securities Act and has been registered under all applicable state securities or “blue sky” laws or (ii) such
Stockholder shall have furnished the Company with a written opinion of counsel in form and substance reasonably satisfactory to the Company to the effect that no such registration is required because of the availability of an exemption from
registration under the Securities Act and all applicable state securities or “blue sky” laws. 

  
 8 

 (b) (i) None of the Minority Investors shall Transfer any shares of Company Common Stock other
than pursuant to Sections 2.2, 2.3, 2.4, 2.5, Article III or pursuant to the exercise of the Call Option under Article IV. 

(ii) Each AS Person may freely Transfer shares of Company Common Stock to any of its respective Affiliates or any other AS
Person. 
 (c) In the event of any purported Transfer by any of the Stockholders of any shares of Company Common Stock in violation of the
provisions of this Agreement, such purported Transfer will be void and of no effect and the Company will not give effect to such Transfer. 

(d) Each certificate representing shares of Company Common Stock issued to the Stockholders will bear a legend on the face
thereof substantially to the following effect (with such additions thereto or changes therein as the Company may be advised by counsel are required by law or necessary to give full effect to this Agreement, the
“Legend”): 
 “THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A
STOCKHOLDERS’ AGREEMENT AMONG THE COMPANY, ASP MD INVESTCO LP, ASP HHI INVESTCO LP, ASP GREDE INVESTCO LP AND CERTAIN MINORITY INVESTORS, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. NO TRANSFER, SALE, ASSIGNMENT, PLEDGE,
HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH STOCKHOLDERS’ AGREEMENT. THE HOLDER OF THIS CERTIFICATE, BY ACCEPTANCE OF THIS CERTIFICATE, AGREES
TO BE BOUND BY ALL OF THE PROVISIONS OF SUCH STOCKHOLDERS’ AGREEMENT TO THE EXTENT APPLICABLE TO THE HOLDER BY THE TERMS OF SUCH STOCKHOLDERS’ AGREEMENT.” 

“THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED
OR OTHERWISE DISPOSED OF UNLESS THEY HAVE BEEN REGISTERED UNDER THAT ACT OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE.” 
 The Legend
will be removed by the Company by the delivery of substitute certificates without such Legend in the event of (i) a Transfer permitted by this Agreement in which the Permitted Transferee is not required to enter into an Assumption Agreement or
(ii) the termination of Article II pursuant to the terms hereof, provided however, that the second paragraph of the Legend will only be removed if at such time it is no longer required for purposes of applicable securities laws and the
Company receives an opinion to such effect of counsel to the applicable Stockholder in form and substance reasonably satisfactory to the Company; provided, that the Company may (in its sole discretion) waive the delivery of the written
opinion of counsel if Stockholder provides the Company with other evidence in form and substance reasonably satisfactory to the Company. 

  
 9 

 2.2 Right of First Offer 

(a) None of the Minority Investors shall have the right to Transfer any shares of Company Common Stock pursuant to this
Section 2.2 until the applicable Permitted Third Party Transfer Date. If, following the applicable Permitted Third Party Transfer Date, a Minority Investor desires to sell all or any portion of the Company Common Stock (the “Transfer
Stock”) then owned by such Minority Investor, such Minority Investor shall provide the Company and the other Stockholders with a written notice (the “Transfer Notice”) setting forth: (i) the number of shares
of Company Common Stock to be offered and (ii) the material terms and conditions of the proposed sale including the price (the “Offering Price”) at which such Minority Investor proposes to sell such shares. The Transfer
Notice shall also contain an irrevocable offer to sell the Transfer Stock to the Company and, if the Company shall decline to purchase all or any portion of the Transfer Stock, to AS Persons and all other Stockholders (in the manner set forth below)
at a price equal to the price contained in, and upon the same terms and conditions as the terms and conditions contained in, the Transfer Notice (subject to clause (y) below). At any time within 15 business days after the date of the
receipt by the Company and the other Stockholders of the Transfer Notice, the Company shall have the option to exercise its right to purchase or, if the Company shall decline to purchase all or any portion of the Transfer Stock, such other
Stockholders shall have the right to exercise such option to purchase (or in the case of an AS Person, to assign such Stockholder’s right to any party) some or all of the portion of the Transfer Stock that the Company does not wish to purchase
(x) at the same price and on the same terms and conditions as the Transfer Notice or (y) if the Transfer Notice includes any consideration other than cash, at the option of the Company or such other Stockholders, at the equivalent all cash
price as determined in good faith by the Board. 
 (b) Each Stockholder who wishes to exercise such option shall
deliver an irrevocable notice (the “Acceptance Notice”) exercising such option to the Company and such Minority Investor within 20 business days after the date of the receipt by the Company and the other Stockholders of
the Transfer Notice and specifying the number of such shares sought to be purchased (which shall not exceed the number of shares declined to be purchased by the Company multiplied by a fraction the numerator of which is the number of shares owned by
such Stockholder and the denominator of which is the aggregate number of shares owned by all Stockholders other than the Minority Investor selling the Transfer Stock). If the aggregate number of shares to be purchased by the Stockholders pursuant to
the immediately preceding sentence is less than the number of shares declined to be purchased by the Company (such difference, the “Shortfall Shares”), then AS Persons shall have the option to purchase (or assign such
Stockholder’s right to any party) the Shortfall Shares or a portion thereof. If AS Persons and the other Stockholders have not exercised the option to purchase all of Transfer Stock within 25 business days after the date of the receipt by
the Company and the other Stockholders of the Transfer Notice, then such Minority Investor may sell any remaining shares of Transfer Stock (the “Remaining Stock”) to a Qualified Purchaser pursuant to Section 2.2(c). The
closing of the purchase of the Transfer Stock upon exercise of the option pursuant to Section 2.2(a) and/or (b) shall take place at the principal office of the Company on a date specified by the parties exercising such option no later than
the last day of the 30 business day period after the giving of the Transfer Notice. 
 (c) If the option to purchase any
portion of the Transfer Stock is exercised pursuant to Section 2.2(a) and/or (b), no later than 30 business days after the date of the receipt 

  
 10 

 
by the Company and the other Stockholders of the Transfer Notice, the Company and/or the other Stockholders (or their aforementioned assignees), as applicable, shall deliver payment by wire
transfer of immediately available funds to such Minority Investor against delivery of certificates or other instruments representing the Company Common Stock so purchased, appropriately endorsed by such Minority Investor. Each Stockholder shall
deliver its shares of Company Common Stock free and clear of all liens, claims, options, pledges, encumbrances and security interests (other than those set forth in this Agreement). If there is any Remaining Stock, such Minority Investor shall be
free for a period of 120 days from the end of such 25 business day or 30 business day period, as the case may be, to sell the Remaining Stock to a Qualified Purchaser on terms which are no more favorable in any material respect to
such Qualified Purchaser than the terms and conditions set forth in the Transfer Notice. If for any reason such Minority Investor does not sell the Remaining Stock to a Qualified Purchaser on such terms and conditions or if such Minority Investor
wishes to sell the Remaining Stock on terms which are more favorable in any material respect to a Qualified Purchaser than those set forth in the Transfer Notice, the provisions of this Section 2.2 shall again be applicable to the Remaining
Stock; provided that, such Minority Investor may not deliver another Transfer Notice until three months have elapsed since the date of the previous Transfer Notice. 

2.3 Certain Permitted Transfers 

(a) Notwithstanding any other provision of this Agreement to the contrary and without limiting the proviso to Section 2.1(a), each
Minority Investor shall be entitled from time to time to Transfer any or all of the shares of Company Common Stock held by it to (i) any of its Affiliates, (ii) in the case of any transferor which is a partnership or limited liability
company, any partners or members of such transferor, (iii) in the case of any transferor which is a trust, the beneficiaries of such transferor or (iv) in the case of any transferor who is an individual, such transferor’s spouse or
direct lineal descendants (including children and adopted children and grandchildren and adopted grandchildren) or antecedents or a charitable remainder trust or trust, in either case the current beneficiaries of which, or to a corporation, limited
liability company or partnership, the stockholders, members or limited or general partners of which, include only such transferor and/or such transferor’s spouse and/or such transferor’s direct lineal descendants (including children and
adopted children and grandchildren and adopted grandchildren) or antecedents, or the executor, administrator, testamentary trustee, legatee or beneficiary of any deceased transferor holding shares of Company Common Stock, provided that
(x) any such transferee duly executes and delivers an Assumption Agreement to the Company, and (y) the Company has been furnished with an opinion of counsel in connection with such Transfer, in form and substance reasonably satisfactory to
the Company, to the effect that no registration under the Securities Act or any state securities or “blue sky” laws is required because of the availability of an exemption from registration under the Securities Act and all applicable state
securities or “blue sky” laws; provided, that the Company may (in its sole discretion) waive the delivery of the written opinion of counsel if Stockholder provides the Company with other evidence in form and substance reasonably
satisfactory to the Company. 
 (b) Notwithstanding any other provision of this Agreement to the contrary, in the case of any Minority
Investor who is a natural person, upon the death of such person, to the extent necessary to pay any applicable estate taxes, such deceased person’s heir or legal representative may pledge, encumber or otherwise subject such individual’s
shares of Company Common Stock to a security interest in connection with a bona fide loan. 

  
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 2.4 Tag-Along Rights 

(a) If any AS Person proposes to sell to any Third Party or series of Third Parties more than an aggregate of ten percent (10%) of
the shares of Company Common Stock then held by the AS Persons in the aggregate, pursuant to a transaction or series of related transactions (other than in a Public Offering, which shall be subject to Article III), whether pursuant to a stock
sale, merger, consolidation, a tender or exchange offer or any other transaction (any such transaction, an “AS Sale”), one of the AS Investors, on behalf of the selling AS Person(s), shall give the Minority Investors written
notice of the AS Person(s) intention to sell such shares setting forth the number of shares of Company Common Stock proposed to be so sold, the proposed sale price and any and all other terms, conditions and details regarding such sale (the
“Tag-Along Notice”). During the 10 business days following the receipt of such Tag-Along Notice, each Minority Investor shall have the right to deliver a reply notice (“Tag-Along Acceptance”) to the AS
Investors setting forth its irrevocable election to require the proposed transferee or acquiring Person to purchase from such Minority Investor (each Minority Investor who exercises such right under this Section 2.4, a “Tagging
Stockholder”): (x) in the case of the first such proposed sale following which AS Person(s), after giving effect to such AS Sale, would not have the ability to elect or appoint a majority of the members of the Board, all shares of
Company Common Stock owned by such Tagging Stockholder and (y) in all other cases, a number of shares of Company Common Stock up to the product (rounded up to the nearest whole number) of (i) the quotient determined by dividing
(A) the aggregate number of outstanding shares of Company Common Stock owned by such Tagging Stockholder by (B) the aggregate number of outstanding shares of Company Common Stock and (ii) the total number of shares of Company Common
Stock proposed to be directly or indirectly sold to the transferee or acquiring Person by the AS Person(s) in the contemplated AS Sale (a “Proposed Transferee”), at the same price per share and upon the same terms and
conditions (including time of payment and form of consideration) as to be paid by and given to the AS Person(s). In order to be entitled to exercise its right to sell shares of Company Common Stock to the Proposed Transferee pursuant to this
Section 2.4, each Tagging Stockholder must agree to make to the Proposed Transferee the same covenants, indemnities (with respect to all matters other than AS Persons’ ownership of Company Common Stock) and agreements as the AS Person(s)
agrees to make in connection with the AS Sale and such representations and warranties (and related indemnification) as to its ownership of its Company Common Stock as are given by the AS Person(s) with respect to such party’s ownership of
Company Common Stock; provided, that the liabilities thereunder (other than with respect to the ownership of each Stockholder’s shares being transferred, which shall be several obligations) (I) shall be borne on a pro rata basis
based on the number of shares sold by each of the AS Person(s) and the Tagging Stockholders and (II) shall not exceed the aggregate net proceeds received by each such Tagging Stockholder in connection with such AS Sale. Each Tagging Stockholder will
be responsible for its proportionate share of the reasonable out-of-pocket costs incurred by AS Persons in connection with the AS Sale to the extent not paid or reimbursed by the Company or the Proposed Transferee. 

(b) In the event there has not been a timely election by one or more Minority Investors to include their shares of Company Common Stock in the
proposed sale by the AS Person(s), then the AS Person(s) may, within and not later than 90 days following the date of delivery of the Tag-Along Notice and without any further obligation to the Minority Investors, sell its shares of Company Common
Stock at the purchase price and on other terms and 

  
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conditions substantially the same as those set forth in the Tag-Along Notice; provided that, promptly after the completion of the sale of such shares of Company Common Stock, the AS
Person(s) shall provide the Minority Investors with written evidence of such sale; and provided further that, if such sale is not made within such 90 day period or is made on terms and conditions more favorable for the AS Person(s)
than those set forth in the Tag-Along Notice, then the AS Person(s) may not consummate such sale without again complying with the procedures set forth in this Section 2.4. 

(c) If any Tagging Stockholder exercises its, her or his rights under Section 2.4(a), the closing of the purchase of the Company Common
Stock with respect to which such rights have been exercised is subject to, and will take place concurrently with, the closing of the AS Sale. If the closing of the AS Sale does not occur within 120 days after the Minority Investors’
receipt of the Tag-Along Notice, each Tagging Stockholder may withdraw from such AS Sale by providing written notice to the AS Investors, for the benefit of the selling AS Persons, within ten business days after the expiration of such 120-day
period. 
 2.5 Drag Along Rights 

(a) If Stockholders holding a majority of the outstanding shares of Company Common Stock (in such capacity, the
“Dragging Parties”) receive a bona fide offer from a Person other than a Stockholder or an Affiliate of a Stockholder (a “Third Party”) to purchase (other than in a Public Offering) at least a majority
of the shares of Company Common Stock, whether pursuant to a stock sale, merger, consolidation, a tender or exchange offer or any other transaction, and such offer is accepted by the Dragging Parties, then each of the other Stockholders hereby
agrees that, if requested by the Dragging Parties, it will Transfer to such Third Party on the same terms and conditions (including the time of payment and form of consideration) as to be paid and given to the Dragging Parties, the number of shares
equal to the number of shares of Company Common Stock owned by it, multiplied by the percentage of the then outstanding shares to which the Third Party Offer is applicable, and agrees not to exercise (and hereby expressly waives) any appraisal or
dissenters’ rights available under any rule, regulation, statute, agreement, certificate of incorporation, by-laws or otherwise in connection therewith.  

(b) The Dragging Parties will give notice (the “Drag-Along Notice”) to each of the other Stockholders of
any proposed Transfer giving rise to the rights of the Dragging Parties set forth in Section 2.5(a) as soon as practicable following the acceptance of the offer referred to in Section 2.5(a). The Drag-Along Notice will set forth the number
of shares of Company Common Stock proposed to be so Transferred, the name of the Proposed Transferee or acquiring Person, the proposed amount and form of consideration (and if such consideration consists in part or in whole of property other than
cash, the Dragging Parties will provide such information, to the extent reasonably available to the Dragging Parties, relating to such consideration as the other Stockholders may reasonably request in order to evaluate such non-cash consideration),
the number of shares of Company Common Stock sought and the other terms and conditions of the offer. The Dragging Parties will notify the other Stockholders at least 15 business days in advance of the closing of the sale of shares to the Third
Party. In any such agreement, such other Stockholders will be required (i) to make or agree to the same covenants, indemnities (with respect to all matters other than the Dragging Parties’ ownership of Company Common Stock) and agreements
as the Dragging Parties so long as (A) the aggregate liabilities thereunder are 

  
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borne on a pro rata basis based on the number of shares Transferred by each Stockholder and (B) the aggregate liabilities of each Stockholder do not
exceed the aggregate net proceeds received by such Stockholder in connection with the sale of such shares to the Third Party, (ii) to make representations and warranties (and provide related indemnification) as to their ownership of their
Company Common Stock as are given by the Dragging Parties with respect to such party’s ownership of Company Common Stock and (iii) to pay their proportionate share of the reasonable costs incurred in connection with such transaction to the
extent not paid or reimbursed by the Company or the transferee or acquiring Person. If the Transfer referred to in the Drag-Along Notice is not consummated within 120 days from the date of the Drag-Along Notice, the Dragging Parties must deliver
another Drag-Along Notice in order to exercise its rights under this Section 2.5 with respect to such Transfer or any other Transfer. 

(c) Each Stockholder hereby irrevocably constitutes and appoints each of the AS Investors the true and lawful attorney-in-fact of such
Stockholder in the Stockholder’s name, place and stead to execute and deliver any agreements required to effectuate any transaction pursuant to this Section 2.5 on behalf of such Stockholder by giving each AS Investor full power and
authority to do and perform each and every act and thing whatever requisite and necessary to be done in and about the foregoing as fully as such Stockholder might or could do if personally present, and hereby ratifies and confirms all that each AS
Investor shall lawfully do or cause to be done by virtue thereof. The foregoing power of attorney is coupled with an interest, is irrevocable and shall survive and be unaffected by any subsequent disability, or incapacity of the Stockholder (or if
the Stockholder is a corporation, trust, association, liability company or other legal entity, by the dissolution or termination thereof). 

2.6 Participation Right 

(a) The Company shall not issue (an “Issuance”) additional shares of Company Common Stock or other
equity securities to any Person (other than (i) shares or other securities issued upon the exchange, exercise or conversion of options, warrants, convertible stock, rights, calls or other securities exchangeable or exercisable for or
convertible into such class of shares or other securities in accordance with the terms thereof, (ii) shares or other securities issued in connection with any stock split, stock dividend or recapitalization of the Company, (iii) shares or
other securities issued by the Company pursuant to the acquisition of, or investment in, another corporation, partnership or other business or entity or the acquisition of a material portion of the assets thereof (whether through a purchase of
securities, merger, consolidation, purchase of assets or otherwise), including joint ventures and strategic alliances, (iv) shares or other securities issued to credit financing sources in connection with a debt financing of the Company,
(v) shares or other securities issued to employees, officers, directors or consultants of, or other providers of services to, the Company or any of its subsidiaries, (vi) shares or other securities issued in connection with a Public
Offering or (vii) shares or other equity securities where the net proceeds to the Company from such Issuance do not exceed $1 million), unless the Company notifies each Stockholder party hereto in writing of such Issuance (which notice may be
sent by the Company prior to or after the completion of the applicable Issuance) (an “Issuance Notice”) and grants to each such Stockholder or, at such Stockholder’s election, one of its Affiliates the right (the
“Right”) to subscribe for and purchase such additional shares of Company Common Stock or units of other equity securities to be issued in the proposed Issuance at the same price and upon the same terms and conditions
(including, in the event such securities are issued as a unit together with other securities, the purchase of such other securities) to be issued in the 

  
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proposed Issuance such that, immediately after giving effect to the Issuance and exercise of the Right (including, for purposes of this calculation, the issuance of shares of Company Common Stock
upon conversion, exchange or exercise of any other equity securities issued in the Issuance or subject to the Right), the shares of Company Common Stock beneficially owned by such stockholder and its Affiliates on a fully diluted basis (rounded to
the nearest whole share) shall represent the same percentage of the aggregate number of shares of Company Common Stock outstanding on a fully diluted basis as were beneficially owned by such Stockholder and its Affiliates immediately prior to the
Issuance. The Right contained in this Section 2.6(a) shall only apply to the Stockholders that are “accredited investors” under Regulation D of the Securities Act, unless the Company otherwise consents to such Stockholder’s
participation under this Section 2.6. 
 (b) Subject to Section 2.6(a) above, the Right may be exercised by each Stockholder party
hereto or its Affiliates at any time by written notice to the Company received by the Company within 15 business days after receipt of an Issuance Notice from the Company, and the closing of the purchase and sale pursuant to the exercise of the
Right shall occur at least 30 days after the giving of the Issuance Notice by the Company. Notwithstanding the foregoing, the Right shall not apply to any Issuance, pro rata, to all holders of Company Common Stock. 

III. REGISTRATION RIGHTS 

3.1 Piggyback Rights 

(a) Each time the Company is planning to file a registration statement under the Securities Act in connection with the sale
of Company Common Stock (other than in connection with an IPO or a registration statement on Form S-4 or S-8 or any similar or successor form) by (i) the
Company or (ii) AS Persons (the Company or the AS Persons in such case, the “Initiating Party”), the Company will give prompt written notice thereof to the Stockholders at least 15 business days prior to the
anticipated filing date of such registration statement. Upon the written request of the Stockholders made within 15 days after the receipt of any such notice from the Company, which request will specify the number of Registrable Securities
(such securities, together with any other shares of Company Common Stock requested to be included in such registration statement by any other Person pursuant to similar registration rights, the “Piggy-Back Shares”) intended
to be disposed of by the Stockholders in such offering, the Company will use commercially reasonable efforts to effect the registration under the Securities Act of all Piggy-Back Shares which the Company has been so requested to register by the
Stockholders to the extent required to permit the disposition of the Piggy-Back Shares to be registered; provided, that (x) if, at any time after giving written notice of its intention to register any securities and prior to the
effective date of the registration statement filed in connection with such registration, any Initiating Party determines for any reason not to proceed with the proposed registration, the Company may at its election give written notice of such
determination to each holder of Piggy-Back Shares and thereupon will be relieved of its obligation to register any Piggy-Back Shares in connection with such registration, and (y) if such registration involves an underwritten offering, each such
holder must sell its shares to the underwriters on the same terms and conditions as apply to the Initiating Parties. The Company also agrees to notify the Stockholders at least five business days prior to the anticipated filing date of the initial
registration statement for an IPO, provided that no Minority Investor will have the right to include any Company Common Stock in such registration. 

  
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 (b) If a registration pursuant to this Section 3.1 involves an underwritten offering and the
managing underwriter or underwriters advise the Company that, in their opinion, (i) the number of Registrable Securities which the Initiating Party intends to include in such registration, together with the Piggy-Back Shares, exceeds the
largest number of such securities which can be sold in such offering without having an adverse effect on such offering (including the price at which the Registrable Securities can be sold) or (ii) the inclusion of the Piggy-Back Shares in such
registration would have an adverse effect on such offering, then the Company will include in such registration (A) first, 100% of the securities, if any, that the Company proposes to sell for its own account, and (B) second, to the extent
that the number of securities which the Company proposes to sell is less than the number of securities which the Company has been advised can be sold in such offering without having the adverse effect referred to above, the number of Piggy-Back
Shares of each holder (including AS Persons if they are the Initiating Party) determined pro rata on the basis of the number of shares being owned by each holder requesting registration. 

3.2 Registration on Request of AS Persons 

(a) At any time upon the written request of any AS Person (each an “AS Demand Party”) requesting
that the Company effect the registration under the Securities Act of all or part of the AS Demand Party’s Registrable Securities and specifying the amount and intended method of disposition thereof, the Company will promptly give written notice
of such requested registration to all other Holders of such Registrable Securities, and thereupon will, as expeditiously as possible, use its commercially reasonable efforts to effect the registration under the Securities Act of: 

(i) such Registrable Securities which the Company has been so requested to register by the AS Demand Parties; and 

(ii) all other Registrable Securities of the same class or series as are to be registered at the request of the AS Demand
Parties and which the Company has been requested to register by any other Holder thereof by written request given to the Company within 15 days after the date on which the Company gave written notice of the requested registration (which request
shall specify the amount and intended method of disposition of such Registrable Securities), 
 all to the extent necessary to permit the disposition (in
accordance with the intended method thereof as aforesaid) of the Registrable Securities so to be registered. The Company will be required to effect such number of registrations pursuant to this Section 3.2 as the AS Demand Parties may request;
provided that the Company shall not be obligated to effect a registration for shares having an aggregate market value of less than $50 million; provided, further, that following such time as AS Persons cease to own a number
of shares of Company Common Stock that is less than the number of shares of Company Common Stock equal to 20% of the total outstanding shares of Company Common Stock on the date of this Agreement (subject to adjustment for stock splits, combinations
or similar events), the Company will not be required to effect more than two such registrations. 
 (b) If any registration requested
pursuant to this Section 3.2 which is proposed by the Company to be effected by the filing of a registration statement on Form S-3 (or any 

  
 16 

 
successor or similar short-form registration statement) shall be in connection with any underwritten public offering, and if the managing underwriter shall advise the Company in writing that, in
its opinion, the use of another form of registration statement is of material importance to the success of such proposed offering, then such registration shall be effected on such other form. 

(c) A registration requested pursuant to this Section 3.2 will not be deemed to have been effected unless it has become effective;
provided that if, within 180 days after it has become effective, the offering of Registrable Securities pursuant to such registration is interfered with by any stop order, injunction or other order or requirement of the SEC or other
government agency or court, or for any other reason is not kept effective for a period of 120 days, or if earlier, until the distribution is completed, such registration will be deemed not to have been effected. 

(d) If a requested registration pursuant to this Section 3.2 involves an underwritten offering, the AS Demand Party shall have the right
to select the investment banker or bankers and managers to administer the offering. 
 (e) If a requested registration pursuant to this
Section 3.2 involves an underwritten offering and the managing underwriter advises the Company that, in its opinion, the number of securities (including securities other than Registrable Securities) requested to be included in such registration
exceeds the number which can be sold in such offering, the Company will include in such registration only the Registrable Securities requested to be included in such registration. In the event that the number of Registrable Securities requested to
be included in such registration exceeds the number which, in the opinion of such managing underwriter, can be sold, the number of such Registrable Securities to be included in such registration shall be allocated pro rata among all requesting
Holders on the basis of the relative number of shares of Registrable Securities then held by each such Holder. In the event that the number of Registrable Securities requested to be included in such registration is less than the number which, in the
opinion of the managing underwriter, can be sold, the Company may include in such registration the securities the Company proposes to sell up to the number of securities that, in the opinion of the underwriter, can be sold. 

3.3 Other Registration-Related Matters 

(a) The Company may require any Person that is selling shares of Company Common Stock in a public offering pursuant to
Section 3.1 or 3.2 (each, a “Holder”) to furnish to the Company in writing such information regarding such Person and the distribution of the shares of Company Common Stock which are included in a Public Offering as may
from time to time reasonably be requested in writing in order to comply with the Securities Act. 
 (b) The Company will pay
all Registration Expenses in connection with each registration or proposed registration of Registrable Securities pursuant to Section 3.1 or 3.2 and the fees and expenses of one counsel for all Holders selected by the Holders of the majority of
the Registrable Securities included by such Holders in such registration. Notwithstanding the foregoing, (y) the fees or expenses of any other counsel to the Holders or of any other expert hired directly by the Holders will be the sole
responsibility of the Holders and (z) the Holders will be responsible, severally and not jointly, for their respective pro rata portion (determined by reference to the number of shares included in the applicable registration) of all
underwriting discounts and commissions and transfer taxes. 

  
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 (c) Before filing any registration statement or prospectus, or any amendments or supplements
thereto, in connection with any registration or proposed registration of Registrable Securities pursuant to Section 3.1 or 3.2, the Company will furnish to counsel for the Holders copies of all documents proposed to be filed. 

(d) The Company will furnish to each Holder such number of copies of the applicable registration statement and of each amendment or supplement
thereto (in each case including all exhibits), such number of copies of the prospectus included in such registration statement (including each preliminary prospectus and summary prospectus), in conformity with the requirements of the Securities Act,
and such other documents as such Holder may reasonably request in order to facilitate the disposition of Registrable Securities by such Holder. 

(e) The Company will use commercially reasonable efforts to register or qualify Registrable Securities covered by a registration statement
under such other securities or blue sky laws of such jurisdictions as each Holder reasonably requests, and do any and all other acts and things which may be reasonably necessary or advisable to enable such Holder to consummate the disposition in
such jurisdictions of the Registrable Securities owned by such Holder, except that the Company will not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction where, but for the requirements
of this Section 3.3(e), it would not be obligated to be so qualified, to subject itself to taxation in any such jurisdiction, or to consent to general service of process in any such jurisdiction. 

(f) The Company will use commercially reasonable efforts to cause the Registrable Securities covered by a registration statement to be
registered with or approved by such other governmental agencies or authorities as may be necessary to enable the Holder thereof to consummate the disposition thereof. 

(g) The Company will notify each Holder of Registrable Securities covered by a registration statement, at any time when a prospectus relating
thereto is required to be delivered under the Securities Act promptly after the Company becomes aware that the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, and at the request of any such Holder, prepare and furnish to such Holder a reasonable number of
copies of an amended or supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not include 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 not misleading in the light of the circumstances then existing. 

(h) The Company will enter into such customary agreements (including an underwriting agreement in customary form) and take such other actions
as sellers of a majority of securities covered by a registration statement or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. 

  
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 (i) The Company will make available for inspection by any Holder of Registrable Securities
covered by a registration statement, by any underwriter participating in any disposition to be effected pursuant to such registration statement and by any attorney, accountant or other agent retained by any such Holder or any underwriter, all
pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees to supply all information reasonably requested by any such Holder, underwriter,
attorney, accountant or agent in connection with such registration statement. 
 (j) The Company will obtain a “cold comfort”
letter or letters from the Company’s independent public accountants in customary form and covering matters of the type customarily covered by “cold comfort” letters as the sellers of a majority of the securities covered by the
registration statement reasonably requests. 
 (k) If such Registrable Securities are Company Common Stock, the Company will use its best
efforts to list such Registrable Securities on any securities exchange on which the Company Common Stock is then listed if such Registrable Securities are not already so listed and if such listing is then permitted under the rules of such exchange.

 (l) Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 3.3(g), such Holder will forthwith discontinue disposition of securities pursuant to the registration statement covering such Registrable Securities until such Holder’s receipt of the copies of the amended or supplemented
prospectus contemplated by Section 3.3(g) and, if so directed by the Company, such Holder will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the
prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event the Company gives any such notice, the period for which the Company will be required to keep the registration statement effective will be
extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 3.3(g) to and including the date when each Holder has received the copies of the supplemented or amended prospectus
contemplated by Section 3.3(g). 
 (m) Each Holder will, in connection with an offering of the Company’s securities, upon the
request of the Company or of the underwriters managing any underwritten offering of the Company’s securities, agree in writing not to effect any sale, disposition or distribution of Registrable Securities (other than those included in the
registration or in a private sale to a third party that is otherwise in accordance with the terms of this Agreement if such third party agrees to be bound by this Agreement, including this clause (m)) without the prior written consent of the
managing underwriter for such period of time (not to exceed 180 days) from the effective date of such registration as the Company or the underwriters may specify. 

3.4 Indemnification 

(a) Indemnification by the Company. In the event of any registration of any securities of the Company under the Securities Act
pursuant to Section 3.1 or 3.2, the Company hereby indemnifies and agrees to hold harmless, to the extent permitted by law, each Holder of Registrable Securities covered by such registration statement, each Affiliate of such Holder and their
respective directors and officers, general and limited partners or members and managing members (and the directors, officers, Affiliates and controlling Persons thereof), and each other 

  
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Person, if any, who controls such Holder within the meaning of the Securities Act (collectively, the “Indemnified Parties”), against any and all losses, claims, damages or
liabilities, joint or several, and expenses to which such Indemnified Party may become subject under the Securities Act, common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings in respect thereof,
whether or not such Indemnified Party is a party thereto) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any registration statement under which such securities were
registered under the Securities Act, any preliminary, final or summary prospectus contained therein, or any amendment or supplement thereto, or (ii) any omission or alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading in the light of the circumstances then existing, and the Company will reimburse such Indemnified Party for any legal or other expenses reasonably incurred by it in connection with
investigating or defending any such loss, claim, liability, action or proceeding; provided, that the Company will not be liable to any Indemnified Party in any such case to the extent that any such loss, claim, damage, liability (or action or
proceeding in respect thereof) or expense arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement, in any such preliminary, final or summary prospectus, or
any amendment or supplement thereto in reliance upon and in conformity with written information with respect to such Indemnified Party furnished to the Company by such Indemnified Party for use in the preparation thereof. Such indemnity will remain
in full force and effect regardless of any investigation made by or on behalf of such Holder or any Indemnified Party and will survive the Transfer of such securities by such Holder. 

(b) Indemnification by the Holders. The Company may require, as a condition to including any Registrable Securities in any registration
statement filed in accordance with Section 3.1 or 3.2, that the Company shall have received an undertaking reasonably satisfactory to it from the Holder of such Registrable Securities and any prospective underwriter to indemnify and hold
harmless (in the same manner and to the same extent as set forth in Section 3.4(a)) the Company, all other Holders and any prospective underwriter, as the case may be, and any of their respective Affiliates, directors, officers, general and
limited partners, members and managing members and controlling Persons, with respect to any statement or alleged statement in or omission or alleged omission from such registration statement, any preliminary, final or summary prospectus contained
therein, or any amendment or supplement, if such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with written information with respect to such Holder furnished to the Company by such Holder
expressly for use in the preparation of such registration statement, preliminary, final or summary prospectus or amendment or supplement, or a document incorporated by reference into any of the foregoing; provided, however, that each
Holder’s aggregate liability hereunder and under Section 3.4(e) with respect to any particular registration shall be limited to an amount equal to the net proceeds received by such Holder from the Registrable Securities sold by such Holder
in such registration. Such indemnity will remain in full force and effect regardless of any investigation made by or on behalf of the Company or any of the Holders, or any of their respective Affiliates, directors, officers or controlling Persons
and will survive the Transfer of such securities by such Holder. Any indemnification obligation of a Holder of Registrable Securities hereunder shall be several and not joint with each other Holder of Registrable Securities. 

  
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 (c) Notices of Claims, Etc. Promptly after receipt by an indemnified party hereunder of
written notice of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Section 3.4, such indemnified party will, if a claim in respect thereof is to be made against an
indemnifying party, give written notice to the latter of the commencement of such action; provided, that the failure of the indemnified party to give notice as provided herein will not relieve the indemnifying party of its obligations under
Section 3.4(a) or 3.4(b), except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, the indemnifying party will be entitled to participate in and to assume the defense thereof, jointly with any other
indemnifying party similarly notified to the extent that it may wish, with counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party of its election so to assume the defense
thereof, the indemnifying party will not be liable to such indemnified party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than reasonable costs of investigation. If, in such
indemnified party’s reasonable judgment, having common counsel would result in a conflict of interest, between the interests of such indemnified and indemnifying parties, then such indemnified party may employ separate counsel reasonably
acceptable to the indemnifying party to represent or defend such indemnified party in such action, it being understood, however, that the indemnifying party will not be liable for the reasonable fees and expenses of more than one separate firm of
attorneys at any time for all such indemnified parties (and not more than one separate firm of local counsel at any time for all such indemnified parties) in such action. No indemnifying party will 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 from all liability in respect of such claims or litigation. No indemnified party will consent to entry
of any judgment or enter into any settlement without the consent of the indemnifying party (which will not be unreasonably withheld). 
 (d)
Other Indemnification. Indemnification similar to that specified in this Section 3.4 (with appropriate modifications) will be given by the Company and each Holder of Registrable Securities with respect to any required registration or
other qualification of securities under any federal or state law or regulation or governmental authority other than the Securities Act. 

(e) Contribution. In order to provide for just and equitable contribution in circumstances in which the indemnity agreement provided
for in this Section 3.4 is unavailable to an indemnified party, the indemnifying party shall contribute to the aggregate losses, damages, liabilities and expenses (collectively, “Losses”) of the nature contemplated by
such indemnity agreement incurred by any indemnified party, (i) in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and the indemnified parties on the other, in connection with the
statements or omissions which resulted in such Losses or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative fault of but also the
relative benefits to the Company on the one hard and each such indemnified party on the other, in connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable considerations. The relative
benefits to the indemnifying party and the indemnified party shall 

  
 21 

 
be determined by reference to, among other things, the total proceeds received by the indemnifying party and the indemnified party in connection with the offering to which such Losses relate. The
relative fault of the indemnifying party and the indemnified party shall be determined by reference to, among other things, whether the action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact, has been made by, or related to information supplied by, the indemnifying party or the indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or
prevent such action. 
 The parties hereto agree that it would be not be just or equitable if contribution pursuant to this
Section 3.4(e) were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this
Section 3.4(e), the aggregate liability of any indemnifying party under this Section 3.4(e) and Section 3.4(b) shall be limited to an amount equal to the amount of net proceeds received by such indemnifying party from sales of the
Registrable Securities by such indemnifying party pursuant to the offering that gave rise to such Losses. 
 (f) Non-exclusivity. The
obligations of the parties under this Section 3.4 will be in addition to any liability which any party may otherwise have to any other party. 

IV. PURCHASE OF MINORITY SHARES UPON TERMINATION DATE 

4.1 Purchase of Minority Shares Upon Termination of Employment 

(a) On the occurrence of any of the following with respect to any Minority Investor (or any employee of the Company or any of its subsidiaries
who transferred such employee’s Minority Shares to a Permitted Transferee), and at any time and from time to time thereafter, each of the Company and each AS Investor, or the Minority Investor, as the case may be, shall have the right, subject
to the notice provisions in Section 4.1(b) below, to take the following actions to reduce the number of shares of Company Common Stock held by such Minority Investor: 

(i) If the Company or any of its subsidiaries terminates the employment or consultancy of such Minority Investor (or any
employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) for Cause, then each of the Company and each AS Person shall have the right to repurchase or purchase, as the case may
be, any or all of the Minority Shares held by such Person at the lower of cost or Fair Market Value. 
 (ii) If the
employment or consultancy of such Minority Investor (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) with the Company or any of its subsidiaries is terminated
by such Person, the Company or any such subsidiary for any reason (including the death or Disability of such Person or Termination for Good Reason), other than by the Company or any such subsidiary for Cause, then each of the Company and each AS
Person shall have the right to repurchase or purchase, as the case may be, any or all of the Minority Shares held by such Person at their Fair Market Value. 

  
 22 

 (iii) If such Minority Investor (or any employee of the Company or any of its
subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) who is not then an employee or consultant of the Company had been serving as a manager, director, consultant or independent contractor of the Company or any
of its subsidiaries and ceases to serve in such capacity for any reason, then each of the Company and each AS Person shall have the right to repurchase or purchase, as the case may be, any or all of the Minority Shares held by such Person at their
Fair Market Value. 
 For purposes of this Section 4.1, (A) any reference to Minority Shares shall be deemed to
include any shares of Company Common Stock that a Minority Investor has transferred to a Permitted Transferee, if any, (B) in the event the Company and any AS Person has the right to repurchase or purchase any Minority Shares, the Company shall
first have the right to repurchase or purchase all such Minority Shares and any AS Person shall thereafter have the right to repurchase or purchase any remaining Minority Shares not repurchased or purchased by the Company, and (C) the Company
shall have no obligation to repurchase or purchase Minority Shares hereunder to the extent that any credit facility of the Company or any of its subsidiaries prohibits or restricts the Company’s ability to repurchase or purchase Minority
Shares, including through a restriction on the payment of dividends by any subsidiary of the Company. The Company and each AS Person(s) option set forth in this Section 4.1(a) is referred to herein as the “Call
Option”. 
 (b) The Company or any AS Person may exercise its rights to take the actions described in
Section 4.1(a) above by delivery of written notice to a Minority Investor (or its Permitted Transferee, as applicable) within 110 days following the termination of such Person’s employment, consultancy or ceasing to serve as a
director, as the case may be, with the Company or any of its subsidiaries (in each case, the “Call Period”). The written notice shall specify the number of Minority Shares to be repurchased or purchased, the purchase price to
be paid for such Minority Shares and the date, which shall be not less than 10 days and not greater than 20 days following the date of such notice, for the closing of the purchase and sale of the Minority Shares. If the purchase is by the Company,
it shall be effected as set forth in subsection (d) below. If the purchase is by an AS Investor, it shall be effected as set forth in subsection (e) below. 

(c) The Fair Market Value of any Minority Shares to be purchased or repurchased pursuant to this Section 4.1 shall be determined as of
the date of termination of the Minority Investor’s (or its Permitted Transferee’s, as applicable) employment or consultancy with the Company or any of its subsidiaries. 

(d) All payments with respect to a purchase of Minority Shares by the Company shall be made by the Company by delivery of cash (by delivery of
a certified check or checks payable to the respective Minority Investors, as the case may be, or wire transfer of immediately available funds). In the event that the Board shall have determined, in its sole discretion subject only to the requirement
that the Board shall have made such determination in good faith, that purchasing such Minority Shares would breach any covenant contained in any credit facility of the Company or any of its subsidiaries, including through restriction on the payment
of dividends by any subsidiary of the Company, or materially harm the financial position or liquidity of the Company or its subsidiaries, then the Company may pay for such purchase of Minority Shares by delivery of a subordinated promissory note
with a three-year maturity (subject to earlier 

  
 23 

 
mandatory prepayment immediately upon such payment no longer constituting a breach of such covenant) and interest paid at the prime rate announced from time to time by the Company’s or its
subsidiaries’ senior lender and the principal and interest payable in cash in equal quarterly installments beginning at the end of the first quarter after the issuance thereof; provided, however, that if such purchase is made by the
delivery of a subordinated promissory note, then such subordinated promissory note shall be (i) prepaid when and to the extent permitted by the Company’s or its subsidiaries’ senior lenders and (ii) in the form attached hereto as
Exhibit 4.1(d). 
 (e) If for any reason the Company does not elect to purchase all of the Minority Shares pursuant to
Section 4.1(a), then any AS Person shall be entitled to exercise such option in the manner for all, but not less than all, of the Minority Shares which the Company has not elected to purchase (the “Available Shares”). As
soon as practicable after the Company has determined that there will be Available Shares, but in any event within the Call Period, the Company shall deliver written notice (the “Option Notice”) to the AS Investors, for the
benefit of the AS Persons, setting forth the number of Available Shares and the price for each Available Share. Any AS Person may elect to purchase all of the Available Shares by delivering written notice to the Company within 10 days after
receipt of the Option Notice by the AS Investors. As soon as practicable, and in any event within 5 days after the expiration of such 10-day period, the Company shall notify the holder(s) of Minority Shares as to the number of Minority Shares
being purchased from such holder by any AS Person. If more than one AS Person elects to exercise such purchase option with respect to the Minority Shares not purchased by the Company, such electing Persons shall be entitled to purchase such Minority
Shares in such proportion as they may agree between or among themselves. All payments with respect to a purchase of Minority Shares by any AS Person shall be made by such AS Person by delivery of cash (by delivery of a certified check or checks
payable to the respective Minority Investors or their Permitted Transferees, as the case may be, or wire transfer of immediately available funds).  

(f) Settlement of the purchase of Minority Shares pursuant to this Section 4.1 will occur at the Company’s principal office on a
business day to be mutually agreed by the Company or the AS Person(s), as applicable, and Minority Investor (or the employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) as
set forth in Section 4.1(b), above. At the time of the settlement, (i) the purchaser or purchasers shall pay the purchase price in the manner specified above for the Call Option in this Section 4.1, (ii) the holders of the
Minority Shares being purchased shall deliver the certificate or certificates representing such shares to the purchaser or purchasers or their nominees, endorsed in blank, or accompanied by appropriate stock powers executed in blank, together with
funds for any required stock transfer taxes, and (iii) the transferor shall represent in writing to the transferee (and to the Company, if the Company is not the transferee) that such Minority Shares are owned of record and beneficially by such
transferor, free and clear of all liens, security interests, claims, restrictions and encumbrances of any kind (other than those set forth in this Agreement and those arising under federal, state and/or foreign securities laws). 

(g) Each Minority Investor acknowledges that the Minority Shares which the Company or any AS Person may elect to purchase under this
Section 4.1 include any Minority Shares issued upon exercise of any stock option (regardless of whether such option is exercised before or after the date of termination of employment or other engagement by the Company or its subsidiaries). 

  
 24 

 (h) For purposes of this Article IV, if Minority Shares are held jointly by any employee,
manager, director or consultant of the Company or any of its subsidiaries and such individual’s spouse, only the applicable employee, manager, director or consultant shall be considered the Minority Investor hereunder for purposes of
determining whether events have occurred such that a Call Option exists. 
 (i) Put Rights. To the extent a Minority Investor has a
right under certain circumstances to require an Affiliate of the Company to repurchase all of the equity securities owned by such Stockholder in such Affiliate pursuant to any employment, subscription or exchange and subscription agreement to which
such Stockholder and such Affiliate are party as of the date of this Agreement, such put right shall remain in full force and effect in accordance with the terms of such agreement with respect to the Company Common Stock issued to the Stockholder
pursuant to the Merger Agreement (the “Put Right”). The Put Right shall terminate and be of no further force and effect upon completion of an IPO. 

V. CERTAIN OTHER AGREEMENTS 

5.1 Certain Transactions. The parties hereto approve, consent, ratify and affirm the Management Consulting Agreements. 

5.2 Mergers, Etc. If the Board and the Stockholders holding a majority of the outstanding shares of Company Common Stock approve
(a) any merger, consolidation, amalgamation or other business combination involving the Company, (b) any acquisition by purchase or otherwise of all or a material portion of the business or assets of, or stock or other evidences of
beneficial ownership of, any Person, or (c) the sale of all of the business or assets of, or substantially all of the assets of, the Company, then each Stockholder agrees not to exercise any appraisal or dissenters’ rights available under
any rule, regulation, statute, agreement, certificate of incorporation, by-laws or otherwise. 
 5.3 Board of Directors; Books and
Records 
 (a) The Stockholders and the Company hereby agree that, at all times until an IPO, the Board shall consist entirely of
such number of individuals designated by the AS Investors on behalf of the AS Persons. Each Stockholder agrees that, at all times until an IPO, such Stockholder shall vote all of such Stockholder’s shares of Company Common Stock and any other
voting securities of the Company over which such Stockholder has voting control and shall take all other actions reasonably necessary or desirable within such Stockholder’s control (whether in such Stockholder’s capacity as a stockholder,
director, member of a board committee or officer of the Company or otherwise), and including attendance at meetings in person or by proxy for purposes of obtaining a quorum and execution of written consents in lieu of meetings), and the Company
shall take all necessary and desirable actions within its control (including calling special board and stockholder meetings) to cause such individuals to be elected or re-elected as the members of the Board and to be maintained in such positions at
all such times. 
 (b) Following an IPO, for so long as AS Persons in the aggregate own at least 10% of the outstanding shares
of Company Common Stock, AS Persons shall at all times be entitled to nominate at least one individual for election to the Board (an “AS Nominee”). The Company hereby agrees that, at all times after the IPO, at and in
connection with each annual or 

  
 25 

 
special meeting of stockholders of the Company at which directors of the Company are to be elected, the Company, the Board (subject to exercise of their fiduciary duties
under applicable law) and the nominating committee thereof (subject to exercise of their fiduciary duties under applicable law) will (i) nominate and recommend to stockholders for election or re-election as part of the management slate of
directors each AS Nominee and (ii) provide the same type of support for the election of each AS Nominee as a director of the Company as provided by the Company, its directors, its management and its Affiliates to other persons standing for
election as directors of the Company as part of the management slate. 
 (c) For so long as AS Persons shall have the right to
designate a member of the Board pursuant to this Section 5.3, AS Persons shall be furnished full and complete access to the files and records regarding the business of the Company including monthly statements of profit and loss and any other
periodic management reports. 
 5.4 Proxies, Voting Trusts and Other Agreements. Each Stockholder represents that he, she or it has
not granted and is not a party to any proxy, voting trust or other agreement which is inconsistent with or conflicts with the provisions of this Agreement, and no Stockholder shall grant any proxy or become party to any voting trust or other
agreement which is inconsistent with or conflicts with the provisions of this Agreement. 
 5.5 Competing Opportunity. To the fullest
extent permitted by the Delaware General Corporation Law: 
 (a) Each party to this Agreement acknowledges that each AS
Person, each director of the Company or any of its subsidiaries Affiliated with any AS Person or any of their respective Affiliates, each officer of the Company or any of its subsidiaries Affiliated with any AS Person or any of their respective
Affiliates and any other officer or director of the Company or any of its subsidiaries specifically designated by an AS Person or any of their respective Affiliates (collectively, the “Exempted Persons”) (x) may engage
or invest in, independently or with others, any business activity of any type or description, including those that might be the same as or similar to the business of the Company and its subsidiaries, and which from time to time compete, directly or
indirectly, with the Company and its subsidiaries (including a Competitive Opportunity), (y) the Exempted Persons may in their sole discretion pursue such competing business without disclosure of such competition to the Company or any of its
subsidiaries and (z) neither the Company, any subsidiary of the Company nor any other party hereto shall have any right in or to the activities described in clause (x) or to receive or share in any income or proceeds derived
therefrom. 
 (b) If any Exempted Person acquires knowledge of a potential transaction or matter which may be an
investment or business opportunity or prospective economic or competitive advantage in which the Company or any of its subsidiaries could have an interest or expectancy (a “Competitive Opportunity”) or otherwise is then
exploiting any Competitive Opportunity, neither the Company nor any of its subsidiaries will have any interest in such Competitive Opportunity, or have any expectation in such Competitive Opportunity being offered to it, and any such interest or
expectation is being hereby renounced so that such Exempted Person shall (x) have no duty to communicate or present such Competitive Opportunity to the Company or any of its subsidiaries and (y) have the right to hold any such Competitive
Opportunity for such Exempted Person’s (and its agents’, partners’ or Affiliates’) own account and benefit, or to recommend, assign or otherwise transfer or deal in such Competitive Opportunity to Persons other than the Company
or any Affiliate of the Company. 

  
 26 

 (c) For the avoidance of doubt, this Section 5.5 shall not limit the Company’s and its
subsidiaries’ independent ability to pursue a Competitive Opportunity, nor shall this Section 5.5 operate to limit the duties or obligations of any employee of the Company or any of its subsidiaries that is not an Exempted Person. 

5.6 Non-Competition; Non-Solicitation 

(a) Each Minority Investor that is an employee, officer, director or consultant of the Company (or any employee of the Company or any of its
subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) acknowledges and recognizes the highly competitive nature of the businesses of the Company and its Affiliates and accordingly agrees as follows: 

(i) During the term of employment of the Minority Investor (or any employee of the Company or any of its subsidiaries who
transferred such employee’s Minority Shares to a Permitted Transferee) with the Company or any of its Affiliates (the “Employment Term”) and, for the eighteen (18) month period following the date Minority Investor
(or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) ceases to be employed by the Company or any of its Affiliates (the “Restricted
Period”), Minority Investor (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) will not, whether on Minority Investor’s (or any employee of the
Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) own behalf or on behalf of or in conjunction with any Person, directly or indirectly (A) solicit any business related in any way
to the business of the Company and its Affiliates from any customer of the Company or any of its Affiliates or from any prospective customer of the Company or any of its Affiliates which Minority Investor (or any employee of the Company or any of
its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) has reason to know was such a prospective customer during the Restricted Period, (B) request, induce or advise any such customer or prospective
customer to withdraw, curtail adversely (to the Company or any of its Affiliates) modify or cancel any such business with the Company or any of its Affiliates or (C) contact, solicit, canvass or approach any Person who provides products or
services to the Company or any of its Affiliates for the purpose of causing such Person to cease providing such products or services to the Company or any of its Affiliates, except, in each case to the extent required in order to carry out Minority
Investor’s (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) duties and obligations to the Company. 

(ii) During the Employment Term and during the Restricted Period, Minority Investor (or any employee of the Company or any of
its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) will not, whether on Minority Investor’s (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority
Shares to a Permitted Transferee) own behalf or on 

  
 27 

 
behalf of or in conjunction with any Person, directly or indirectly, (A) employ, engage or retain any individual who is at the time an employee, consultant or independent contractor of the
Company or any of its subsidiaries, or had been an employee, consultant or independent contractor of the Company or any of its subsidiaries within six (6) months prior to the last day of the term of employment of Minority Investor (or any
employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) with the Company or its subsidiaries or (B) solicit, induce or persuade in any way any such individual to
terminate or modify his employment relationship with the Company or any of its subsidiaries. 
 (iii) During the Employment
Term and until the one (1) year anniversary of the date Minority Investor (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) ceases to be employed by the
Company and its Affiliates, Minority Investor (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) will not directly or indirectly work for or provide consulting,
financial or other services to, engage in, conduct, manage or operate, or acquire or own any capital stock of or other equity interest in, any Person or business anywhere in the world that competes with the business of the Company and its Affiliates
(including businesses which the Company or its Affiliates have specific plans to conduct in the future and of which Minority Investor (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to
a Permitted Transferee) is aware) (a “Competitive Business”); provided that nothing in this Section 5.6(a)(iii) shall be deemed to prohibit the acquisition or holding of not more than 2% of the shares or other securities
of a publicly traded entity involved in a Competitive Business as long the Minority Investor (or any employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) is not an
employee, officer, director, consultant, independent contractor, or agent of, or otherwise providing services to or actively participating in the business of, directly or indirectly, such entity and is not a controlling person of, or a member of a
group which controls, such entity. 
 (iv) It is expressly understood and agreed that although Minority Investor (or any
employee of the Company or any of its subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee) and the Company consider the restrictions contained in this Section 5.6 to be reasonable, if a final judicial
determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in this Agreement is an unenforceable restriction against Minority Investor (or any employee of the Company or any of its
subsidiaries who transferred such employee’s Minority Shares to a Permitted Transferee), the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum
extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as
to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein. 

  
 28 

 (b) The obligations in this Section 5.6 shall not apply to a Minority Investor
if such Minority Investor is party to any employment agreement, subscription agreement, exchange and subscription agreement, non-competition agreement, non-solicitation agreement, restricted activities agreement or similar agreement, or any option
agreement, between the Minority Investor and the Company or any Affiliate of the Company that expressly contains non-competition and non-solicitation obligations applicable to such Minority Investor (such obligations in such other agreements,
collectively with the obligations set forth in this Section 5.6, the “Protective Agreements”). 

(c) If the Minority Investor breaches any material provision of the noncompetition, non-solicitation or confidentiality terms of the
Protective Agreements, any repurchase, purchase or other payment or delivery made pursuant to this Agreement during the two (2) year period prior to the breach of the Protective Agreements shall be rescinded. The Company shall notify the
Minority Investor in writing of any such rescission within one (1) year of the date it acquires actual knowledge of such breach. Within ten (10) days after receiving such a notice from the Company, the Minority Investor shall pay to the
Company the amount of any gain realized or payment received as a result of the repurchase, purchase or other payment or delivery pursuant to this Agreement. 

VI. MISCELLANEOUS 

6.1 Additional Securities Subject to Agreement. Each Stockholder agrees that any other equity securities of the Company which they
hereafter acquire by means of a stock split, stock dividend, or distribution, by a Transfer or Issuance pursuant to this Agreement or otherwise, will be subject to the provisions of this Agreement to the same extent as if held on the date hereof.

 6.2 Acknowledgement of the Merger Agreement. Each Stockholder hereby acknowledges that it has timely received and read (a) a
copy of this Agreement and the Merger Agreement; and (b) the information statement delivered to the unitholders or stockholders, as applicable, of Grede Holdings, Metaldyne and HHI, describing the Merger Agreement and the transactions
contemplated thereby, including the Mergers and the Liquidation. Pursuant to the Merger Agreement (except for shares or units cancelled as provided in the Merger Agreement) (i) each issued and outstanding unit of Grede was converted into the
right to receive 10.72363 validly issued, fully paid and nonassessable shares of the Company pursuant to Section 2.04(c) thereof, (ii) each issued and outstanding share of Metaldyne was converted into the right to receive 0.21399 validly
issued, fully paid and nonassessable shares of the Company pursuant to Section 2.05(c) thereof, (iii) each issued and outstanding share of HHI was converted into the right to receive 1.67082 validly issued, fully paid and nonassessable
shares of the Company pursuant to Section 2.06(c) thereof, (iv) each outstanding option to purchase units of Grede was converted into an option to acquire a number of shares of the Company as determined pursuant to Section 2.07(a)(i)
thereof, (v) each outstanding option to purchase shares of common stock of Metaldyne was converted into an option to acquire a number of shares of the Company as determined pursuant to Section 2.08(a)(i) thereof and (vi) each
outstanding option to purchase shares of common stock of HHI was converted into an option to acquire a number of shares of the Company as determined pursuant to Section 2.09(a)(i) thereof, in each case, in accordance with and subject to the
terms and conditions of the Merger Agreement. Each Stockholder further 

  
 29 

 
acknowledges that it has waived any appraisal or dissenters’ rights available under any rule, regulation, statute, agreement, certificate of incorporation, bylaws or otherwise in connection
with the Mergers. 
 6.3 Determinations by AS Investors. Except to the extent expressly provided otherwise, with respect to any
determination to be made, or other right exercisable by, the AS Investors under this Agreement, such determination shall be made, or such right shall be exercisable by, the AS Investors, upon the affirmative vote of at least a majority of the
Company Common Stock held by the AS Investors as of such time. 
 6.4 Term. This Agreement will be effective from and after the date
hereof and will terminate and be of no further force and effect (other than with respect to prior breaches) with respect to the provisions referred to below as follows: (i) with respect to Sections 2.1, 2.2, 2.3, 2.4, 2.5, 2.6 and 4.1,
upon completion of an IPO; (ii) with respect to Sections 3.1, 3.2 and 3.3, at such time as the applicable Stockholder owns no Registrable Securities; (iii) with respect to Section 3.4, upon the expiration of the applicable
statutes of limitations; and (iv) with respect to all other Sections, upon the sale of all or substantially all of the assets or equity interests in the Company to a Third Party whether by merger, consolidation, sale of assets or securities or
otherwise. 
 6.5 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be
given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by courier service, by facsimile or registered or certified mail (postage prepaid, return receipt requested), if to a Minority Investor, to such
Minority Investor at the address set forth on the signature page of such Minority Investor hereto or to such Minority Investor’s Assumption Agreement, and if to any AS Person, to: 

ASP MD Investco LP 

c/o American Securities LLC 

299 Park Avenue, 34th Floor 

New York, NY 10171 

Attention: General Counsel 

Fax: (212) 697-5524 

and 

ASP HHI Investco LP 

c/o American Securities LLC 

299 Park Avenue, 34th Floor 

New York, NY 10171 

Attention: General Counsel 

Fax: (212) 697-5524 

and 

ASP Grede Investco LP 

c/o American Securities LLC 

  
 30 

 299 Park Avenue, 34th Floor 

New York, NY 10171 

Attention: General Counsel 

Fax: (212) 697-5524 
 or at
such other address for a party as shall be specified in a notice given in accordance with this Section 6.5. 
 6.6 Further
Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed, exercise their votes and do and perform and cause to be done such further acts and things as may be necessary in order to give
full effect to this Agreement and every provision hereof. 
 6.7 Non-Assignability. This Agreement will inure to the benefit of and
be binding on the parties hereto and their respective successors and permitted assigns. This Agreement may not be assigned by any party hereto without the express prior written consent of (i) the Company, (ii) the AS Investors and
(iii) the holders of a majority of the shares of Company Common Stock held by the Minority Investors, and any attempted assignment, without such consents, will be null and void; provided, however, that an AS Person may assign or
delegate all or any portion of its rights hereunder to any Person so long as such Person is a party hereto or executes and delivers to the Company an Assumption Agreement satisfactory to the Company; and, provided further, that each
Person who acquires any Company Common Stock from any Stockholder hereunder in accordance with the terms hereof, shall assume the rights and obligations of such AS Person (in the case of any Transfer from an AS Person) or a Minority Investor (in the
case of any Transfer from a Minority Investor unless the Transfer occurred pursuant to Section 2.4, in which case such Person will be subject to the same rights and obligations as an AS Person). 

6.8 Amendment; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by
(i) the Company, (ii) the AS Investors and (iii) the holders of a majority of the shares of Company Common Stock held by the Minority Investors; provided that any amendment, supplement or other modification that treats any Minority
Investor in a manner that is materially disproportionate from the treatment afforded to all other Minority Investors shall not be effective as to such Minority Investor without his, her or its prior written consent. No waiver by any party of any of
the provisions hereof will be effective unless explicitly set forth in writing and executed by the party so waiving. Except as provided in the preceding sentence, no action taken pursuant to this Agreement, including any investigation by or on
behalf of any party, will be deemed to constitute a waiver by the party taking such action of compliance with any covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Agreement will not
operate or be construed as a waiver of any subsequent breach. 
 6.9 Third Parties. This Agreement does not create any rights, claims
or benefits inuring to any Person that is not a party hereto nor create or establish any third party beneficiary hereto. 

  
 31 

 6.10 Governing Law. This Agreement will be governed by, and construed in accordance with,
the laws of the State of Delaware, without giving effect to the principles of conflict of laws thereof. 
 6.11 Specific Performance.
Without limiting or waiving in any respect any rights or remedies of the parties hereto under this Agreement now or hereinafter existing at law or in equity or by statute, each of the parties hereto will be entitled to seek specific performance of
the obligations to be performed by the other in accordance with the provisions of this Agreement. 
 6.12 Entire Agreement. This
Agreement and the Merger Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof. Each party hereto acknowledges and agrees that, by execution and delivery of this Agreement, each of
(i) that certain Amended and Restated Limited Liability Company Agreement of ASP Grede Holdings LLC, dated as of June 2, 2014, by and among the Members (as defined therein); (ii) that certain Amended and Restated Limited Liability
Company Agreement of ASP Grede Intermediate Holdings LLC, dated as of July 24, 2014, by and among the Members (as defined therein); (iii) that certain Stockholders’ Agreement of ASP MD Holdings, Inc., dated as of December 18,
2012, by and among ASP MD Holdings, Inc. and the Stockholders (as defined therein); and (iv) that certain Stockholders’ Agreement of ASP HHI Holdings, Inc., dated as of October 5, 2012, by and among ASP HHI Holdings, Inc. and the
Stockholders (as defined therein), in each case of (i) through (iv), as such agreement may have been amended, restated or otherwise modified (collectively, the “Original Stockholders’ and LLC Agreements”), is hereby
terminated and superseded and has no further force or effect, provided that any waiver under any of the Original Stockholders’ and LLC Agreements of any appraisal or dissenters’ rights available under any rule, regulation, statute,
agreement, certificate of incorporation, bylaws or otherwise in connection with any transaction, including the Mergers, shall remain in full force and effect and shall not be limited, impaired or modified in any respect. Except as provided in the
immediately preceding sentence, (i) each party hereto hereby, (A) agrees and acknowledges that no party shall have any further duty, obligation or liability under any of the Original Stockholders’ and LLC Agreements, and
(B) irrevocably waives any rights it may have under any of the Original Stockholders’ and LLC Agreements, and (ii) the parties to the Original Stockholders’ and LLC Agreements hereby mutually and irrevocably release each other
and each of their respective successors and assigns from and against any and all costs, damages, actions, proceedings, demands or claims whatsoever that any of them now has or may hereafter have against another party thereto, by reason of or in
connection with any of the Original Stockholders’ and LLC Agreements. 
 6.13 Titles and Headings. The Section headings
contained in this Agreement are for reference purposes only and will not affect the meaning or interpretation of this Agreement. 
 6.14
Severability. If any provision of this Agreement is declared by any court of competent jurisdiction to be illegal, void or unenforceable, all other provisions of this Agreement will not be affected and will remain in full force and effect.

  
 32 

 6.15 Counterparts. This Agreement may be executed in any number of counterparts, each of
which will be deemed to be an original and all of which together will be deemed to be one and the same instrument. 
 6.16 Additional
Investors. All employees or directors of the Company or any of its subsidiaries who become party to a stock subscription agreement, option agreement or similar agreement with the Company after the date hereof (collectively, together with their
respective Permitted Transferees, the “Additional Management Investors”) and any other Persons who become party to a stock subscription agreement, option agreement or similar agreement with the Company after the date hereof
may become a party hereto and may become bound hereby by entering into a supplementary agreement with the Company agreeing to be bound by the terms hereof (or only specific Sections hereof). Each such supplementary agreement shall become effective
upon its execution by the Company and such employee, director or other Person, and it shall not require the signature or consent of any other party hereto. Such supplementary agreement may modify some of the terms hereof as they affect such
employee, director or other Person. 
 [Remainder of Page Intentionally Left Blank; Signature Pages Follow] 

  
 33 

 IN WITNESS WHEREOF, the undersigned has executed this Agreement or caused this Agreement to be
executed on its behalf as of the date first written above. 
  

			
	 METALDYNE PERFORMANCE GROUP INC.

		
	By:        	 	/s/ Eric Schondorf
		 	 Name: Eric Schondorf

		 	 Title: Vice President and Secretary

	
	 ASP MD INVESTCO LP

		
	By:        	 	 /s/ Eric Schondorf

		 	 Name: Eric Schondorf

		 	 Title: Vice President and Secretary

	
	 ASP HHI INVESTCO LP

		
	By:        	 	 /s/ Eric Schondorf

		 	 Name: Eric Schondorf

		 	 Title: Vice President and Secretary

	
	 ASP GREDE INVESTCO LP

		
	By:        	 	 /s/ Eric Schondorf 

		 	 Name: Eric Schondorf

		 	 Title: Vice President and Secretary

		
	 Address:
	 	                                      
                                         
    
		 	                                     
                                         
     
		 	                                     
                                         
     
		 	
Attention:                       
                                        

	 Telephone
No.:                                        
                               

	 Telecopy
No.:                                        
                                  

 [Signature page of the Stockholders’ Agreement] 

 ORIGINAL MANAGEMENT INVESTORS: 

 
  

[Signature page of the Stockholders’ Agreement] 

 
			
	GE CAPITAL EQUITY HOLDINGS, INC.
		
	By:        	 	/s/ Adam Chalmers
		 	Name: Adam Chalmers
		 	Title: Duly Authorized Signatory
		
	 Address:
	 	                                      
                                         
       
		 	                                     
                                         
        
		 	                                     
                                         
        
		 	Attention:                                    
                              
	 Telephone
No.:                                        
                                 

	 Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	WILLIAM R. GOODIN
		
	By:        	 	 /s/ William R. Goodin

		 	Name: William R. Goodin
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	DOUGLAS J. GRIMM
		
	By:        	 	 /s/ Douglas J. Grimm

		 	Name: Douglas J. Grimm
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	LOUIS R. LAVORATA
		
	By:        	 	 /s/ Louis R. Lavorata

		 	Name: Louis R. Lavorata
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	ANTHONY LOVELL
		
	By:        	 	 /s/ Anthony Lovell

		 	Name: Anthony Lovell
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy No.:                                 
                                         
 

 [Signature page of the Stockholders’ Agreement] 

 
					
	PAUL SUBER
		
	By:        	 	 /s/ Paul Suber

		 	Name: Paul Suber
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy No.:                                 
                                         
 

 [Signature page of the Stockholders’ Agreement] 

 
					
	TODD HEAVIN
		
	By:        	 	 /s/ Todd Heavin

		 	Name: Todd Heavin
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy No.:                                 
                                         
 

 [Signature page of the Stockholders’ Agreement] 

 
					
	GEORGE THANOPOULOS
		
	By:        	 	 /s/ George Thanopoulos

		 	Name: George Thanopoulos
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy No.:                                 
                                         
 

 [Signature page of the Stockholders’ Agreement] 

 
					
	GENE BIROTH, JR.
		
	By:        	 	 /s/ Gene Biroth, Jr.

		 	Name: Gene Biroth, Jr.
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy No.:                                 
                                         
 

 [Signature page of the Stockholders’ Agreement] 

 
					
	RUSSELL BRADLEY
		
	By:        	 	 /s/ Russell Bradley

		 	Name: Russell Bradley
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	JAY EDWARDS
		
	By:        	 	 /s/ Jay Edwards

		 	Name: Jay Edwards
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone No.:                                
                                         

	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	WILLIAM L. HOLSTEIN
		
	By:        	 	 /s/ William L. Holstein

		 	Name: William L. Holstein
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	MICHAEL JOHNSON
		
	By:        	 	 /s/ Michael Johnson

		 	Name: Michael Johnson
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	MICHAEL W. KESLAR
		
	By:        	 	 /s/ Michael W. Keslar

		 	Name: Michael W. Keslar
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	AL KIEF
		
	By:        	 	 /s/ Al Kief

		 	Name: Al Kief
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	MARKUS KNOERR
		
	By:        	 	 /s/ Markus Knoerr

		 	Name: Markus Knoerr
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	JOHN MITCHEM
		
	By:        	 	 /s/ John Mitchem

		 	Name: John Mitchem
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	M. TREVOR MYERS
		
	By:        	 	 /s/ M. Trevor Myers

		 	Name: M. Trevor Myers
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	DENNIS POTTER, SR.
		
	By:        	 	 /s/ Dennis Potter, Sr.

		 	Name: Dennis Potter, Sr.
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	DAVID SCHAEFER
		
	By:        	 	 /s/ David Schaefer

		 	Name: David Schaefer
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	THOMAS A. AMATO
		
	By:        	 	 /s/ Thomas A. Amato

		 	Name: Thomas A. Amato
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	MARK BLAUFUSS
		
	By:        	 	 /s/ Mark Blaufuss

		 	Name: Mark Blaufuss
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	ROBERT DEFAUW
		
	By:        	 	 /s/ Robert DeFauw

		 	Name: Robert DeFauw
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	CHRISTOPH GUHE
		
	By:        	 	 /s/ Christoph Guhe

		 	Name: Christoph Guhe
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	BENJAMIN SCHMIDT
		
	By:        	 	 /s/ Benjamin Schmidt

		 	Name: Benjamin Schmidt
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	MICHAEL R. ASHMORE
		
	By:        	 	 /s/ Michael R. Ashmore

		 	Name: Michael R. Ashmore
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	STEVEN CHEVALIER
		
	By:        	 	 /s/ Steven Chevalier

		 	Name: Steven Chevalier
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	ERIC CONRAD
		
	By:        	 	 /s/ Eric Conrad

		 	Name: Eric Conrad
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	ALFONSO A. CORTEZ
		
	By:        	 	 /s/ Alfonso A. Cortez

		 	Name: Alfonso A. Cortez
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	JUERGEN C. DEPP
		
	By:        	 	 /s/ Juergen C. Depp

		 	Name: Juergen C. Depp
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	WILLIAM DICKEY
		
	By:        	 	 /s/ William Dickey

		 	Name: William Dickey
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	DAVID GANN
		
	By:        	 	 /s/ David Gann

		 	Name: David Gann
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
					
	BRIAN IZZO
		
	By:        	 	 /s/ Brian Izzo

		 	Name: Brian Izzo
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                  
                                
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	STEPHANIE JETT
		
	By:        	 	 /s/ Stephanie Jett

		 	Name: Stephanie Jett
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	GEORGE LANNI
		
	By:	 	 /s/ George Lanni

		 	Name: George Lanni
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	TOM LEHMAN
		
	By:	 	 /s/ Tom Lehman

		 	Name: Tom Lehman
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	FRANCISCO J. RIBERA
		
	By:	 	 /s/ Francisco J. Ribera

		 	Name: Francisco J. Ribera
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	DAVE TEMPEST
		
	By:	 	 /s/ Dave Tempest

		 	Name: Dave Tempest
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	JAN VAN DIJK
		
	By:	 	 /s/ Jan Van Dijk

		 	Name: Jan Van Dijk
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	SEBASTIAN WAGNER
		
	By:	 	 /s/ Sebastian Wagner

		 	Name: Sebastian Wagner
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	PENNY WILSON
		
	By:	 	 /s/ Penny Wilson

		 	Name: Penny Wilson
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	H.S. YOON
		
	By:	 	 /s/ H.S. Yoon

		 	Name: H.S. Yoon
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	YVES GERARD
		
	By:	 	 /s/ Yves Gerard

		 	Name: Yves Gerard
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	ALFONSO AGUADO CORTEZ
		
	By:	 	 /s/ Alfonso Aguado Cortez

		 	Name: Alfonso Aguado Cortez
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	JEFF STAFEIL
		
	By:	 	 /s/ Jeff Stafeil

		 	Name: Jeff Stafeil
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	NICK BHAMBRI
		
	By:	 	 /s/ Nick Bhambri

		 	Name: Nick Bhambri
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	LARRY FOREMAN
		
	By:	 	 /s/ Larry Foreman

		 	Name: Larry Foreman
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 
			
	STEPHEN BUSBY
		
	By:	 	 /s/ Stephen Busby

		 	Name: Stephen Busby
		
	Address:	 	  

		 	  

		 	  

		 	Attention:                                    
                              
	Telephone
No.:                                        
                                 
	Telecopy
No.:                                        
                                   

 [Signature page of the Stockholders’ Agreement] 

 COUNTERPART SIGNATURE PAGE TO 

STOCKHOLDERS’ AGREEMENT 

By execution of this Counterpart Signature Page, the undersigned Minority Investor does hereby become a party to and agrees to be bound by the
provisions of the Stockholders’ Agreement, dated as of August 4, 2014 (the “Stockholders’ Agreement”), by and among Metaldyne Performance Group Inc., a Delaware corporation (the
“Company”), ASP MD Investco LP, a Delaware limited partnership, ASP HHI Investco LP, a Delaware limited partnership and ASP Grede Investco LP, a Delaware limited partnership, and the Minority Investors party
thereto, and the undersigned hereby authorizes the Company to append this Counterpart Signature Page to the Stockholders’ Agreement as evidence thereof. 
  

							
	FOR INDIVIDUALS:	 		 		  	FOR ENTITIES:
				
	By:                                     
                                         
                        	 		 		  	By:                                     
                                         
                        
	Print Name:	 		 		  	Print Name:
		 		 		  	Title:
				
	Address:	 		 		  	Address:
	  
	 		 		  	  

	  
	 		 		  	  

	  
	 		 		  	  

		 		 		  	Attn:                                     
                                         
                      
				
	Telephone
No.:                                        
                                        	 		 		  	Telephone
No.:                                        
                                        

				
	Fax
No.:                                        
                                         
            	 		 		  	Fax
No.:                                        
                                         
            

 Exhibit 4.1(d) 

Form of Promissory Note 

[See attached] 

 PROMISSORY NOTE 
  

	 $         
	
                    , 201  
   

 FOR VALUE RECEIVED, Metaldyne Performance Group Inc., a Delaware corporation
(“Maker”), promises to pay              (“Holder”), with an address at
                    , or at such other place as Holder may from time to time designate in writing to Maker, the principal sum of
                     DOLLARS AND          CENTS ($        ) on
the Maturity Date (as hereinafter defined), in lawful money of the United States in immediately available funds (except as otherwise provided herein). Maker also promises to pay interest on the unpaid principal amount hereof in like money at said
office or place which shall accrue from the date hereof until maturity occurs (whether by passage of time, acceleration or otherwise) at the prime rate announced from time to time by the Company’s or its subsidiaries’ senior lender, such
interest payable in kind. Accrued and unpaid interest shall be due and payable on the maturity of this promissory note (this “Note”). Interest shall be calculated on the basis of a 360-day year and actual days elapsed. During
the continuance of a default hereunder and until paid, the outstanding principal amount hereof and accrued and unpaid interest thereon, if any, shall bear interest at a rate of the sum of the effective rate of interest set forth above plus three
percent (3%) per annum. In no event shall the interest payable hereunder exceed the maximum amount permitted under applicable law. For the purposes hereof, “Maturity Date” shall mean [INSERT DATE THREE YEARS FOLLOWING
DATE OF NOTE]. 
 This Note is being delivered pursuant to Section 4.1(d) of that certain Stockholders’ Agreement, dated as of
August 4, 2014, by and among Maker and its stockholders, and shall be subject to mandatory prepayment in accordance with the terms thereof. The right of Holder to receive payment of any principal, interest or any other amount on this Note is
subject and subordinate to the prior payment in full in cash of all existing or future obligations of Maker in respect of indebtedness for borrowed money that is not expressly subordinated by its terms. 

This Note may be prepaid, without premium, in whole or in part at any time, in each case, together with accrued and unpaid interest through
the date of prepayment on the amount being prepaid. 
 No failure by the holder of this Note to exercise, and no delay in exercising, any
right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by such holder of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right or remedy. The
rights and remedies of the holder hereof as herein specified are cumulative and not exclusive of any other rights or remedies which such holder may otherwise have. 

No modification, recession, waiver, forbearance, release or amendment of any provision of this Note shall be made, except by a written
agreement duly executed by the undersigned and the holder hereof. 

 Maker hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever.

 Maker hereby agrees to pay all reasonable out-of-pocket expenses incurred by Holder in connection with the preparation of this Note or
with any amendments, modifications, waivers, extensions, renewals, renegotiations or “workouts” of the provisions hereof or incurred by Holder in connection with the enforcement or protection of its rights in connection with this Note.

 Maker hereby indemnifies Holder, and its directors, officers, employees and agents, on demand, and agrees to hold Holder harmless from
any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees and expenses, incurred by or asserted against Holder or any such person resulting from Maker’s breach of this Note; provided,
however, that such indemnity shall not apply to the extent such losses, claims, damages, liabilities and related expenses result from the gross negligence or willful misconduct of Holder or any of its directors, officers, employees or agents
as finally determined by a court of competent jurisdiction after the exhaustion of all possible appeals in respect of such determination (including by reason of lapse of time). 

In the event Holder or any holder hereof shall refer this Note to an attorney for collection, Maker agrees to pay, in addition to unpaid
principal and interest, all the costs and expenses incurred in attempting or effecting collection hereunder, including, without limitation, actual attorney’s fees. 

If after the receipt of any payment of all or part of the obligations hereunder, Holder is for any reason compelled to surrender such payment
to any person or entity because such payment is determined to be void or voidable as a preference, an impermissible setoff, a diversion of trust funds or any other reason, the obligations hereunder shall continue in full force, and Maker shall
indemnify and hold Holder harmless for, the amount of such payment surrendered until Holder shall have been finally and irrevocably paid in full. 

All indemnities provided for hereunder shall survive the payment in full of all obligations hereunder. 

THIS NOTE IS GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT
OF LAW PRINCIPLES THEREOF THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 
 MAKER WAIVES ITS RIGHT TO A JURY TRIAL
WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS NOTE, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE PERFORMANCE OF ANY SUCH RIGHTS OR OBLIGATIONS. 

If any term or provision of this Note shall be held invalid, illegal or unenforceable, the validity of all other terms and provisions herein
shall in no way be affected thereby. 

 All payments and prepayments of the principal amount of this Note and interest hereon and the
respective dates thereof shall be endorsed by Holder on the schedule attached hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by Holder in its internal records;
provided, however, that the failure of Holder to make such a notation or any error in such a notation shall not in any manner affect the obligations of Maker to make payments of principal and interest in accordance with the terms of this Note. 

This Note shall be binding upon the successors and assignees of Maker and inure to the benefit of Holder, its successors and assignees, except
that Maker shall not have the right to assign its rights hereunder or any interest herein to any person other than its affiliates without the prior written consent of Holder. This Note and Holder’s rights and obligations herein shall not be
assignable by Holder and its successors and assigns, either in whole or in part, without the Maker’s written consent. 
 [REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, Maker has executed this Note as of the date first above written. 

 

	
	 Maker:

	  
 METALDYNE PERFORMANCE GROUP INC.

	
	
By:                        
                                         
                               

	 Name:

	 Title:

  

	
	ACKNOWLEDGED AND AGREED:
	
	
By:                        
                                         
                         

	[HOLDER NAME]Exhibit 10.3

 EXHIBIT 10.3 

METALDYNE PERFORMANCE GROUP INC. 

EMPLOYMENT AGREEMENT 

THIS AGREEMENT is entered into as of August 4, 2014 (the “Effective Date”) between Metaldyne Performance Group Inc., a
Delaware corporation (the “Company”), and George Thanopoulos (“Executive”). 
 WHEREAS, Executive is
currently employed by Hephaestus Holdings, LLC pursuant to an Employment Agreement by and between Executive and Hephaestus Holdings, LLC (as successor to Hephaestus Holdings, Inc.), dated as of December 17, 2005, and amended by those certain
Amendments to Employment Agreement dated as of August 29, 2012 and October 5, 2012, respectively (collectively, the “Prior Agreement”); 

WHEREAS, pursuant to the consummation of the transactions contemplated by the Agreement and Plan of Merger dated as of July 31, 2014
(the “Merger Agreement”) by and among the Company, Grede Merger Sub, LLC, Metaldyne Merger Sub, Inc., HHI Merger Sub, Inc., ASP Grede Intermediate Holdings LLC (“Grede”), ASP MD Holdings, Inc.
(“Metaldyne”), ASP HHI Holdings, Inc., (“HHI”), and ASP Grede Holdings LLC, each of Grede, Metaldyne and HHI is now a wholly owned subsidiary of the Company (the “Merger”); 

WHEREAS, Company desires to engage the services of the Executive as Chief Executive Officer of the Company and the Executive desires to be
employed by the Company in such capacity pursuant to the terms and conditions of this Agreement; 
 WHEREAS, the parties have agreed to
cancel the Prior Agreement and Executive has agreed to waive any and all rights thereunder; 
 WHEREAS, Executive agrees that none of the
entrance into this Agreement, the occurrence of the Merger, or any of the events contemplated herein or thereby, including, without limitation, any related change in Executive’s title, duties, reporting relationships, work location or similar
change shall constitute, individually or in the aggregate, sufficient cause for Executive to resign for Good Reason pursuant to the Prior Agreement; 

WHEREAS, the Company desires to be assured that the confidential information and goodwill of the Company will be preserved for the exclusive
benefit of the Company; and 
 WHEREAS, the Executive has represented to the Company that Executive is not a party to or bound by any
confidentiality, noncompetition, nonsolicitation, employment, consulting or other agreement or restriction which could conflict with, or be violated by, the performance of the Executive’s duties to the Company or obligations under this
Agreement, nor is the Executive subject to any agreements with any other employer. 
 NOW THEREFORE, in consideration of the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Employment. The Company shall employ Executive, and Executive hereby accepts employment with the Company, upon the
terms and conditions set forth in this Agreement for the period beginning on the Effective Date and ending as provided in Section 4 (the “Employment Period”). This 

 
Agreement is expressly conditioned upon the consummation of the Merger Agreement and shall automatically terminate and be null and void ab initio upon the termination of the Merger
Agreement or the failure of the Merger to be consummated for any reason or no reason. 
 Section 2. Position and Duties. 

(a) Duties. During the Employment Period, Executive shall serve as the Chief Executive Officer of the Company and shall have the
normal duties, responsibilities, functions and authority of a Chief Executive Officer, subject to the customary oversight and direction of the Company’s board of directors (the “Board”) to expand or limit such duties,
responsibilities, functions and authority and to overrule actions of officers and employees of the Company. During the Employment Period, Executive shall render such administrative, financial and other executive and managerial services to the
Company and its Subsidiaries which are consistent with Executive’s position as the Board may from time to time direct. 
 (b) Full
Time and Attention. During the Employment Period, Executive shall report to the Board and shall devote Executive’s best efforts and Executive’s full business time and attention (except for permitted vacation periods and reasonable
periods of illness or other incapacity) to the business and affairs of the Company, its sister companies, their respective parent companies and any of their respective Subsidiaries (the “Company Group”). Executive shall perform
Executive’s duties, responsibilities and functions for the Company Group hereunder to the best of Executive’s abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s and its
Subsidiaries’ policies and procedures in all material respects. During the Employment Period, Executive shall not serve as an officer or director of, or otherwise be employed by or perform services for, any other person or entity without the
prior written consent of the Board; provided that Executive may serve as an officer or director of, or otherwise participate in, solely educational, welfare, social, religious and civic organizations. 

For purposes of this Agreement, “Subsidiaries” or “Subsidiary” shall mean any corporation or other entity of
which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company, directly or through one of more Subsidiaries.

 Section 3. Compensation and Benefits. 

(a) Base Salary. During the Employment Period, Executive’s base salary shall be $874,182 per annum (as may be adjusted up but not
down by the Board from time to time, the “Base Salary”), which salary shall be payable by the Company in regular installments in accordance with the Company’s general payroll practices in effect from time to time. The Base
Salary shall be prorated on an annualized basis for any partial year during the Employment Period. 
 (b) Employee Benefits. During
the Employment Period, Executive shall be entitled to receive employee benefits (other than severance) on the same basis as such benefits are generally made available to other senior executives. Executive shall be entitled to four weeks of paid
vacation each calendar year in accordance with the Company’s policies, which, to the extent accrued but unused as of the end of any calendar year, may be carried over and used during the first six months of the following calendar year. 

 (c) Reimbursements. During the Employment Period, the Company shall reimburse Executive
for all reasonable business expenses incurred by Executive in the course of performing Executive’s duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect
to travel, entertainment and other business expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. 

(d) Annual Bonus. In addition to the Base Salary, during the Employment Period, Executive will be eligible to receive a target annual
cash bonus of 100% of Base Salary (“Annual Bonus”). The achievement of a particular bonus amount shall be based on performance objectives established by the Board at the time the budget is approved for the applicable fiscal year.
The Annual Bonus will be payable during the calendar year that begins immediately following the calendar year for which such Annual Bonus was earned, as soon as reasonably practicable following the completion of the Company’s audit for the
calendar year for which the Annual Bonus was earned and shall be payable only if Executive is employed by the Company on the date of payment. 

(e) Equity Plan. During the Employment Period, Executive will be eligible to participate in one or more equity incentive plans as may
be established and/or amended by the Company from time to time, pursuant to the terms and conditions of such plan or plans. 
 (f)
Withholding. The Company or its Subsidiaries may withhold from any and all amounts payable under this Agreement or otherwise such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.
In the event that the Company fails to withhold any taxes required to be withheld from Executive by applicable law or regulation, the Executive agrees to indemnify the Company for any amount paid with respect to any such taxes, together with any
interest, penalty and/or expense related thereto. 
 Section 4. Term. The Employment Period shall begin on the date of this
Agreement and terminate on the earliest to occur of (i) Executive’s resignation (which may occur at any time with or without Good Reason, as defined below), (ii) Executive’s death or Disability, and (iii) the termination of
Executive by the Company at any time for Cause (as defined below) or without Cause. Except as otherwise expressly and specifically provided herein, any termination of the Employment Period by Executive or the Board shall be effective as specified in
a written notice from each to the other. 
 Section 5. Termination. 

(a) Without Cause or with Good Reason. If during the Employment Period the Executive’s employment is terminated by the Company
without Cause or upon Executive’s resignation with Good Reason, Executive shall be entitled to receive Executive’s Base Salary, employee benefits and any unused vacation payable pursuant to the Company’s standard vacation practice
through the date of termination and, subject to Section 5(d) and Section 13, the following payments and benefits: 
  

	 	(i)	an amount equal to the Executive’s monthly Base Salary rate (but not as an employee), paid monthly for a period of twenty-four (24) months (twelve (12) months if such termination occurs on or after
August 28, 2015) following such termination in accordance with the Company’s general payroll practices in effect from time to time, 

	 	(ii)	subject to the Executive’s timely election of continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) continued participation in the
Company’s group health plan (to the extent permitted under applicable law and the terms of such plan) which covers the Executive (and the Executive’s eligible dependents), which, for a period of twenty-four (24) months (twelve
(12) months if such termination occurs on or after August 28, 2015) following Executive’s termination of employment (the “Severance Period”), will be paid for by the Company; provided, that the Executive is
eligible and remains eligible for COBRA coverage; and provided, further, that in the event that the provision of such payment would result in adverse tax consequences to the Executive under Section 105(h) of the Code or otherwise,
the amount of such payment shall be imputed to the Executive as taxable wages and reported on Form W-2. Notwithstanding the foregoing, in the event the Executive obtains other employment that offers group health benefits, such continuation of
coverage by the Company under this Section 5(a)(ii) shall immediately cease. The Executive shall notify the Company upon becoming employed by a subsequent employer during the Severance Period, and 

 

	 	(iii)	a pro rata portion of the Annual Bonus Executive otherwise would have received in respect of the fiscal year in which Executive’s employment terminated had the Executive remained continuously employed through the
applicable payment date, based on actual performance and calculated by the Board in good faith based on the number of days Executive is employed by the Company during such fiscal year, payable at the time the Annual Bonus would have otherwise been
paid pursuant to Section 3(d) (a “Pro Rata Bonus”). 

 Executive shall be entitled to the
foregoing severance payments if and only if Executive has executed and delivered to the Company the general release substantially in form and substance as set forth in Exhibit A (the “General Release”) and such release has
become effective and is no longer subject to revocation within sixty (60) days following the Executive’s termination of employment, and only so long as Executive has not breached the provisions of the General Release or breached the
provisions of Section 7, Section 8, or Section 9 and only if Executive does not apply for unemployment compensation chargeable to the Company or any Subsidiary during the Severance Period. The Executive shall not
be entitled to any other salary, compensation or benefits after termination of the Employment Period, except as otherwise specifically provided for under the Company’s employee benefit plans or as expressly required by applicable law.
Notwithstanding any other provision of this Agreement, if following the termination of the Employment Period Executive is entitled to payments or other benefits under this Section 5 but the Company later determines Executive committed an
act that constituted Cause (whether prior to or after 

 
such termination, which, for the avoidance of doubt, includes, without limitation, a breach of any the provisions of Section 7, Section 8, or Section 9 that
occurs during the period during which any payments or other benefits under this Section 5 are being provided), then (i) Executive shall not be entitled to any payments or other benefits pursuant to this Section 5,
(ii) any and all payments to be made by the Company or any Subsidiary and any and all benefits to be provided to Executive pursuant to this Section 5 shall cease and (iii) any such payments previously made to Executive shall be
returned immediately to the Company by Executive. 
 (b) Death, Disability. If the Employment Period is terminated due to
Executive’s death or Disability, Executive or Executive’s estate or beneficiaries, if applicable, shall be entitled to receive (i) Executive’s Base Salary, employee benefits and any unused vacation payable pursuant to the
Company’s standard vacation practice through the date of termination, and (ii) subject to the Executive’s (or Executive’s estate, as applicable) execution, delivery and nonrevocation of a Release in accordance with the
requirements set forth in Section 5(a), (A) an amount equal to the Executive’s monthly Base Salary rate (but not as an employee), paid monthly for a period of six (6) months following such termination, and (B) a Pro
Rata Bonus. Executive shall not be entitled to any other salary, compensation or benefits from the Company or its Subsidiaries thereafter, except as otherwise specifically provided for under the Company’s employee benefit plans or as expressly
required by applicable law. 
 (c) For Cause or without Good Reason. If the Employment Period is terminated by the Company for Cause
or if Executive resigns without Good Reason, Executive shall only be entitled to receive Executive’s Base Salary, employee benefits and any unused vacation payable pursuant to the Company’s standard vacation practice through the date of
such termination or resignation and shall not be entitled to any other salary, compensation or benefits from the Company or its Subsidiaries thereafter, except as otherwise specifically provided for under the Company’s employee benefit plans or
as expressly required by applicable law. The termination of the Employment Period for Cause shall preclude Executive’s resignation with Good Reason. 

(d) Section 409A. This Section 5(d) shall apply only to the extent that an applicable payment (or portion of a
payment) under this Agreement constitutes “nonqualified deferred compensation” for purposes of Section 409 A (as defined in Section 13 hereof) and not to payments (or the portion of any payment) that are exempt from
Section 409A (due to, for example; application of the short term deferral rule or separation pay exceptions). To the extent payment of any amount under Section 5(a) or Section 5(b) constitutes “nonqualified deferred
compensation” for purposes of Section 409A (as defined in Section 13 hereof), any such payment scheduled to occur during the first sixty (60) days following the termination of employment shall not be paid until the
sixtieth (60th) day following such termination and shall include payment of any amount that was otherwise scheduled to be paid prior thereto. 

(e) Exclusive Rights. Except as otherwise expressly provided in this Agreement, all of Executive’s rights to salary, bonuses,
employee benefits and other compensation hereunder which would have accrued or become payable after the termination of the Employment Period shall cease upon such termination or expiration, other than those expressly required under applicable law
(such as COBRA). Nothing contained herein is intended to limit or otherwise restrict the availability of any COBRA benefits to Executive required to be provided pursuant to Section 601 of Title I of the Employee Retirement

 
Income Security Act of 1974 and Section 4980B of the Internal Revenue Code of 1986, as amended and the regulations and guidance promulgated thereunder (the “Code”). Except
as otherwise provided in Section 13 the Company may offset any amounts Executive owes it or its Subsidiaries against any amounts it or its Subsidiaries owes Executive hereunder. 

(f) “Cause” shall mean that Executive has (i) continually failed to perform in a material manner, was materially
negligent or committed willful misconduct in the performance of, Executive’s duties to the Company or its Subsidiaries for a period of thirty (30) days after written notice was delivered to Executive by or on behalf of the Board specifying
the manner in which Executive failed to perform (and which such failure or other performance default remains uncured after such time); (ii) materially breached any material provisions in any written agreement between Executive and the Company
or one of its Subsidiaries for a period of thirty (30) days after written notice was delivered to Executive by or on behalf of the Board specifying the manner in which Executive breached (and which breach remains uncured after such time),
(iii) developed or pursued interests materially adverse to the Company or any of its subsidiaries or willfully failed to observe any material written policies of the Company or any of its Subsidiaries applicable to Executive for a period of
thirty (30) days after written notice was delivered to Executive by or on behalf of the Board specifying the manner in which Executive failed to observe (and which failure remains uncured after such time); (iv) materially breached any
non-competition, non-solicitation, or confidentiality agreement or covenant with the Company or any applicable Subsidiary, (v) engaged in theft, embezzlement, fraud, or misappropriation of any of the Company’s or any of its
Subsidiaries’ property; or (vi) been convicted of or entered a guilty or no contest plea with respect to a felony (other than a vehicular felony or through vicarious liability not related to the Company or any of its affiliates) or a
misdemeanor involving moral turpitude or fraud. 
 (g) “Disability” shall mean Executive’s inability to perform the
essential duties, responsibilities and functions of Executive’s position with the Company and its Subsidiaries for a total of one hundred eighty (180) days during any twelve (12) month period as a result of any mental or physical
illness, disability or incapacity even with reasonable accommodations for such illness, disability or incapacity provided by the Company and its Subsidiaries or if providing such accommodations would be unreasonable and which condition is expected
to last for a continuous period of not less than twelve (12) months, all as determined by the Board in its reasonable good faith judgment. Executive shall cooperate in all respects with the Company if a question arises as to whether Executive
has become disabled (including, without limitation, submitting to reasonable examinations by one or more medical doctors and other health care specialists selected by the Company and authorizing such medical doctors and other health care specialists
to discuss Executive’s condition with the Company). Nothing herein shall be construed as a waiver or limitation with respect to the rights afforded to Executive under applicable law, including, without limitation of the foregoing, the Americans
With Disabilities Act and the Family Medical Leave Act. 
 (h) “Good Reason” shall mean if Executive resigns from
employment with the Company and its Subsidiaries prior to the end of the Employment Period as a result of one (1) or more of the following reasons: (i) the Company reduces the amount of the Executive’s Base Salary, (ii) the
Company changes Executive’s titles or reduces Executive’s responsibilities materially inconsistent with the positions Executive then holds, (iii) the Company changes Executive’s place of work to a location more than thirty

 
five (35) miles from Executive’s present place of work, other than any relocation to the current business headquarters of any of the Metaldyne, HHI, or Grede businesses, or to any
location within five (5) miles of any such headquarters, or (iv) a successor to substantially all of the business and/or assets of the Company does not (A) expressly assume and agree to perform this Agreement, and (B) provide
Executive with the same or comparable position, duties, Base Salary, target Annual Bonus (based on the target percentage stated in Section 3(d)) and benefits under Sections 3(b) and 3(c) as provided in this Agreement;
provided, in each case, that in order for Executive’s resignation with Good Reason to be effective pursuant to any event that Executive believes constitutes Good Reason (x) written notice of Executive’s resignation for Good
Reason must be delivered to the Company within thirty (30) days after the occurrence of any such event, (y) the Company shall be given thirty (30) days from the receipt of such notice to cure any such event, and (z) Executive
must actually terminate Executive’s employment citing Good Reason within sixty (60) days following the expiration of such cure period if the Company does not cure such Good Reason default. 

Section 6. Section 280G Cutback. Notwithstanding anything in this Agreement to the contrary, if any payments or benefits
(including without limitation, any accelerated vesting of equity awards) Executive would receive pursuant to this Agreement or otherwise would constitute a “parachute payment” within the meaning of Section 280G of the Code (each, a
“Payment” and collectively, the “Payments”), the Payments shall be reduced by the minimum possible amount necessary such that no amounts payable to you shall constitute a “parachute payment.” All
determinations required to be made under this Section 6, including whether any Payment is a “parachute payment” and whether and to what extent a reduction in any Payments is required and the assumptions to be utilized in
arriving at such determination, shall be made by a nationally recognized accounting firm designated by the Company (the “Accounting Firm”). The Accounting Firm shall provide detailed supporting calculations both to the Company and
you. Any determination by the Accounting Firm shall be binding upon you and the Company. If a reduction in any Payments is required under this Section 6, the reduction will occur in the following order: first, by reduction of cash payments;
second, by cancellation of accelerated vesting of equity awards; and third, by reduction of other benefits payable to Executive, in each case, in reverse chronological order, beginning with payments or benefits that are to be paid latest. If, at the
time of a transaction giving rise to Payments that could constitute “parachute payments,” the stock of the Company is not readily tradable on an established securities market or otherwise and the Company determines that the exemption
described in Section 280G(b)(5) of the Code would apply to the Payments if the requisite shareholder approval is obtained in accordance with the terms and conditions of Section 280G of the Code, the Company shall use commercially
reasonable efforts to seek the requisite shareholder approval of the Payments such that no Payments would constitute “excess parachute payments.” 

Section 7. Confidential Information. 

(a) Obligation to Maintain Confidentiality. Executive acknowledges that the continued success of the Company Group depends upon the
use and protection of a large body of such entities’ confidential and proprietary information. All of such confidential and proprietary information now existing or to be developed in the future is referred to in this Agreement as
“Confidential Information.” Confidential Information shall be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form) that is
(i) related to any 

 
member of the Company Group’s current or potential business and (ii) is not generally or publicly known. Confidential Information includes, without specific limitation, the information,
observations and data (including trade secrets) obtained by Executive before (including, without limitation, confidential and proprietary information of the Company Group obtained by Executive while employed by any member of the Company Group prior
to this Agreement), during or after the course of Executive’s performance under this Agreement concerning the business and affairs of the Company Group, information concerning acquisition opportunities in or reasonably related to any member of
the Company Group’s business or industry of which Executive becomes aware before or during the Employment Period, the persons or entities that are current, former or prospective suppliers or customers of the Company Group before, during or
after Executive’s course of performance under this Agreement, as well as development, transition and transformation plans, strategic, marketing and expansion plans (including, without limitation plans regarding planned and potential sales),
financial and business plans, employee lists and telephone numbers, locations of sales representatives, new and existing programs and services, prices and terms, customer service, integration processes, requirements and costs of providing service,
support and equipment of the Company Group. During the Employment Period and at all times thereafter, Executive shall not disclose to any unauthorized person or use for Executive’s own benefit any Confidential Information without the
Board’s prior written consent, unless and to the extent that any Confidential Information (i) becomes generally known to and available for use by the public other than as a result of Executive’s acts or omissions to act or
(ii) is required to be disclosed pursuant to any applicable law or court order (in which case Executive shall give prior written notice of such disclosure to the Company). Executive shall deliver to the Company at the end of the Employment
Period, or at any other time the Company may request in writing, all memoranda, notes, plans, records, reports and other documents (and copies thereof) relating to the business of the Company Group (including, without limitation, all Confidential
Information) that Executive may then possess or have under Executive’s control. 
 (b) Third Party Information. Executive
understands that the Company and its Subsidiaries will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s and its Subsidiaries’ part to
maintain the confidentiality of such information and to use it only for certain limited purposes. During the Employment Period and thereafter, and without in any way limiting the provisions of Section 7(a) above, Executive shall hold
Third Party Information in the strictest confidence and shall not disclose to anyone (other than personnel of the Company or its Subsidiaries who need to know such information in connection with their work for the Company or such Subsidiaries) or
use, except in connection with Executive’s work for the Company or its Subsidiaries, Third Party Information unless expressly authorized by the Board in writing. 

(c) Use of Information of Prior Employers. During the Employment Period, Executive shall not use or disclose any confidential
information or trade secrets, if any, of any former employers (other than any direct successors of the Company and its affiliates, to which Section 7(a) shall instead apply) or any other person to whom Executive has an obligation of
confidentiality, and shall not bring onto the premises of any member of the Company Group any unpublished documents or any property belonging to any former employer or any other person to whom Executive has an obligation of confidentiality unless
consented to in writing by the former employer or other person. Executive shall use in the performance of Executive’s duties under this Agreement only information that is (i) generally known and used by persons with training and experience
comparable to Executive’s and common knowledge in the industry or is 

 
otherwise legally in the public domain, (ii) otherwise provided or developed by any member of the Company Group or (iii) in the case of materials, property or information belonging to
any former employer or other person to whom Executive has an obligation of confidentiality, approved for such use in writing by such former employer or person. 

Section 8. Intellectual Property, Inventions and Patents. Executive acknowledges that all discoveries, concepts, ideas,
inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any Confidential Information) and all registrations or applications
related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to any member of the Company Group’s actual or anticipated business, research and development or existing or
future products or services and which are conceived, developed or made by Executive (whether alone or jointly with others) while employed by any member of the Company Group, whether before or after the date of this Agreement (collectively referred
to as “Work Product”), are the property of the Company or such Subsidiary. From and after on the Effective Date, Executive shall disclose any Work Product which is or expected to be material to the business of any member of the
Company Group to the Board promptly after Executive becomes actually aware of such Work Product and, at the Company’s expense, perform all actions reasonably requested by the Board (whether during or after the Employment Period) to establish
and confirm such ownership (including, without limitation, executing and delivering assignments, consents, powers of attorney and other instruments). Executive acknowledges that all Work Product shall be deemed to constitute “works made for
hire” under the U.S. Copyright Act of 1976, as amended. 
 Section 9. Non-Compete, Non-Solicitation. 

(a) Non-competition. As additional consideration for the compensation to be paid to Executive under this Agreement, Executive
acknowledges that during the course of Executive’s employment with the Company and its Subsidiaries Executive shall have access to and shall become familiar with, and prior hereto during Executive’s employment with Hephaestus Holdings, LLC
Executive has become familiar with, the Company’s and its Subsidiaries’ trade secrets and with other Confidential Information concerning the Company Group and that Executive’s services shall be of special, unique and extraordinary
value to the Company and its Subsidiaries, and therefore, Executive agrees that, during the Employment Period and for eighteen (18) months thereafter (the “Noncompete Period”), Executive shall not directly or indirectly own any
interest in, manage, control, participate in, consult with, render services for, be employed by, or in any manner engage in, any person, business or entity competing with any member of the Company Group as such businesses exist or are in process
during the Employment Period or on the date of the termination or expiration of the Employment Period, within any geographical area in which any member of the Company Group engage or plan to engage in such businesses (a “Competitive
Business”). Nothing herein shall prohibit Executive from being a passive owner of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the
business of such corporation, and Executive may, without violating this Section 9(a), serve as an employee, consultant or independent contractor to any person or business engaging in a Competitive Business through any division or
subsidiary provided such Competitive Business generates less than 20% of the annual revenue of such person or business and provided that Executive does not participate in, work for or provide any services to such person or business in connection
with such Competitive Business. 

 (b) Non-solicitation. In addition, during the Noncompete Period, Executive shall not
directly or indirectly through another person, business or entity (i) induce or attempt to induce any employee of any member of the Company Group to leave the employ of the Company Group, or in any way interfere with the relationship between
the Company, its sister companies, their respective parent companies or any their respective Subsidiaries and any employee thereof, (ii) hire any person who was an employee of any member of the Company Group at any time during the Employment
Period or (iii) induce or attempt to induce any customer, supplier, licensee, licensor, franchisee or other business relation of any member of the Company Group to cease doing business with any member of the Company Group, as applicable, or in
any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company, its sister companies, their respective parent companies or any of their respective Subsidiaries, as applicable (including,
without limitation, making any negative or disparaging statements or communications regarding the Company, its sister companies’, their respective parent companies’ and any of their respective Subsidiaries’ past and present investors,
officers, directors or employees or its affiliates). 
 Section 10. Enforcement. If, at the time of enforcement of
Section 7, Section 8, or Section 9, a court shall hold that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum period, scope or
geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by
law. Because Executive’s services are unique and because Executive has access to Confidential Information and Work Product, the parties hereto agree that the Company and its Subsidiaries would suffer irreparable harm from a breach of
Section 7, Section 8, or Section 9 by Executive and that money damages would not be an adequate remedy for any such breach of this Agreement. In the event a breach or threatened breach of this Agreement, the
Company and its Subsidiaries in addition to other rights and remedies existing in their favor, shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce, or
prevent any violations of, the provisions hereof (without posting a bond or other security). In addition, in the event of a breach or violation by Executive of Section 9, the Noncompete Period shall be extended automatically by the
amount of time between the initial occurrence of the breach or violation and when such breach or violation has been duly cured. Executive acknowledges that the restrictions contained in Section 9 are reasonable and that Executive has
reviewed the provisions of this Agreement with Executive’s legal counsel. 
 Section 11. Additional Acknowledgments.
Executive acknowledges that the provisions of Section 7, Section 8, or Section 9 are in consideration of employment with the Company and other good and valuable consideration as set forth in this Agreement.
Executive also acknowledges that (i) the restrictions contained in Section 7, Section 8, or Section 9 do not preclude Executive from earning a livelihood, nor do they unreasonably impose limitations on
Executive’s ability to earn a living, (ii) the business of the Company and its Subsidiaries will be international in scope and without geographical limitation and (iii) notwithstanding the jurisdiction of formation or principal office
of the Company or residence of any of its executives or employees (including Executive), it is expected that the Company and its Subsidiaries will 

 
have business activities and have valuable business relationships within its industry throughout the world. Executive agrees and acknowledges that the potential harm to the Company and its
Subsidiaries resulting from the non-enforcement of Section 7, Section 8, or Section 9 outweighs any potential harm to Executive of the enforcement of such provisions by injunction or otherwise. Executive
acknowledges that Executive has carefully read this Agreement and has given careful consideration to the restraints imposed upon Executive by this Agreement and is in full agreement regarding their necessity for the reasonable and proper protection
of the business goodwill, competitive positions and confidential and proprietary information of the Company and its Subsidiaries now existing or to be developed in the future and that each and every restraint imposed by this Agreement is reasonable
with respect to subject matter, time period and geographical area. 
 Section 12. Executive’s Representations. Executive
hereby represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument,
order, judgment or decree to which Executive is a party or by which Executive is bound (including, without limitation, any prior or current employment, settlement, termination, severance or similar agreement), (ii) Executive is not a party to
or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person, business or entity or any agreement or contract requiring Executive to assign inventions to another party, and (iii) upon the
execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance with its terms. Executive hereby acknowledges and represents that (x) Executive has
consulted with independent legal counsel regarding Executive’s rights and obligations under this Agreement and that Executive fully understands the terms and conditions contained herein, and (y) Executive is not subject to any pending, or
to Executive’s knowledge any threatened, lawsuit, action, investigation or proceeding involving Executive’s prior employment or consulting work or the use of any information or techniques of any former employer or contracting party. 

Section 13. Deferred Compensation Matters. 

(a) Interpretation. It is the intent of the Company and Executive that the payments and benefits under this Agreement shall comply
with or be exempt from Section 409A of the Code and the regulations promulgated thereunder (“Section 409A”), and accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance with or
exempt from Section 409A, as applicable. In no event whatsoever shall the Company, its Subsidiaries and affiliates, and each of their respective employees or representatives, be liable for any additional tax, interest or penalty that may be
imposed on Executive by Section 409A or for any damages for failing to comply with Section 409A. 
 (b) Specified
Employee. If Executive is deemed on the date of termination to be a “specified employee” within the meaning of Section 409A(a)(2)(B) of the Code, any amounts to which Executive is entitled under this Agreement that constitute
“non-qualified deferred compensation” under Section 409A payable on account of a “separation from service” that otherwise would be payable prior to the six month anniversary of the Executive’s separation from service
shall not be paid until the earlier of (i) the six (6) month anniversary of the Executive’s date of termination and (ii) the date of the Executive’s death (the “Delay Period”). Upon the expiration of the
Delay Period, all payments and benefits delayed pursuant to 

 
this paragraph (whether they otherwise would have been payable in a single lump sum or in installments absent such delay) shall be paid or reimbursed, as applicable, in a lump sum on the first
business day following the expiration of the Delay Period, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 

(c) Separation from Service. A termination of the Employment Period shall not be deemed to have occurred for purposes of any provision
of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A, and for purposes of
any such provision of this Agreement, references to a “termination”, “termination of the Employment Period”, “termination of employment” or similar terms shall mean “separation from service.” 

(d) Reimbursements, In-Kind Benefits. To the extent any reimbursements or in-kind benefits under this Agreement constitute
“non-qualified deferred compensation” for purposes of Section 409A, (i) all such expenses or other reimbursements under this Agreement shall be made on or prior to the last day of the taxable year following the taxable year in
which such expenses were incurred by Executive, (ii) any right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit, and (iii) no such reimbursement, expenses eligible for reimbursement or
in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. 

(e) Installment Payments. For purposes of Section 409A, Executive’s right to receive any installment payment pursuant to
this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within
thirty (30) days following the date of termination”), the actual date of payment within the specified period shall be within the Company’s sole discretion. 

(f) Offset. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement
that constitutes “non-qualified deferred compensation” for purposes of Section 409A be subject to offset, counterclaim or recoupment by any other amount unless otherwise permitted by Section 409A. 

Section 14. Survival. All provisions of this Agreement having or contemplated as having continuing application from and after the
expiration or termination of this Agreement shall survive and continue in full force in accordance with their terms notwithstanding the expiration or termination of the Employment Period. 

Section 15. Notices. Any notice to be given under or by reason of this Agreement shall be in writing and shall be either
personally delivered, sent by reputable overnight courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 

Notices to Executive: 
 At the
most recent address set forth on the books and records of the Company. 

 Notices to the Company: 

Metaldyne Performance Group Inc. 

c/o American Securities LLC 

299 Park Avenue, 34th Floor 

New York, NY 10171 
 Fax:
(212) 697-5524 
 Attention: Kevin Penn and Eric Schondorf 

With a copy to: 
 Weil,
Gotshal & Manges 
 767 Fifth Avenue 

New York, NY 10153 
 Fax:
(212) 310-8007 
 Attention: Michael Lubowitz 

or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the
sending party. Any notice under this Agreement shall be deemed to have been given when so delivered, sent or mailed. 
 Section 16.
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in
any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any action in any other jurisdiction, but this Agreement shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

Section 17. Complete Agreement. This Agreement, together with any other agreement expressly referred to herein as continuing in
effect, embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof
in any way including, without limitation, the Prior Agreement. 
 Section 18. No Strict Construction. The language used in this
Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 

Section 19. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and
all of which taken together constitute one and the same agreement. 
 Section 20. Successors and Assigns. This Agreement is
intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their respective heirs, successors and assigns, except that Executive may not assign Executive’s rights or delegate Executive’s duties or
obligations hereunder without the prior written consent of the Company. 

 Section 21. Choice of Law. All issues and questions concerning the construction,
validity, enforcement and interpretation of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the State of Michigan, without giving effect to any choice of law or conflict of law
rules or provisions (whether of the State of Michigan or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Michigan. 

Section 22. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of
the Company and Executive, and except as expressly provided herein, no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising any of the provisions of this Agreement (including, without limitation,
the Company’s right to terminate the Employment Period for Cause) shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 

Section 23. Insurance. The Company may, at its discretion, apply for and procure in its own name and for its own benefit life
and/or disability insurance on Executive in any amount or amounts considered advisable. Executive shall cooperate in any medical or other examination, supply any information and execute and deliver any applications or other instruments in writing as
may be reasonably necessary to obtain and maintain such insurance. 
 Section 24. Indemnification and Reimbursement of Payments on
Behalf of Executive. The Company and its Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax or
employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Subsidiaries or Executive’s ownership interest in the Company (including, without limitation,
wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify
the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto. 

Section 25. Consent to Jurisdiction. SUBJECT TO Section 29 HEREOF, EACH OF THE PARTIES IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN LOCATED IN WAYNE COUNTY, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO FURTHER AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET FORTH IN THIS AGREEMENT SHALL BE
EFFECTIVE SERVICE OF PROCESS FOR ANY ACTION, SUIT OR PROCEEDING IN THE STATE OF MICHIGAN WITH RESPECT TO ANY MATTERS TO WHICH IT HAS SUBMITTED TO JURISDICTION IN THIS Section 25. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY OBJECTION TO THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY 

 
RELATED DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN IN WAYNE COUNTY, AND HEREBY AND THEREBY FURTHER
IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

Section 26. Waiver of Jury Trial. As a specifically bargained for inducement for each of the parties hereto to enter into this
Agreement (after having the opportunity to consult with legal counsel), each party hereto expressly waives the right to trial by jury in any lawsuit or proceeding relating to or arising in any way from this Agreement or the matters contemplated
hereby. 
 Section 27. Corporate Opportunity. Executive shall submit to the Chairman of the Board (or, in the absence of a
Chairman of the Board at any time, the Board) all business, commercial and investment opportunities, and all offers presented to Executive or of which Executive becomes aware at any time during the Employment Period, which relate to the business of
automobile component manufacturing, production and design (“Corporate Opportunities”). Unless approved by the Board in writing, Executive shall not accept or pursue, directly or indirectly, any Corporate Opportunities on
Executive’s own behalf. 
 Section 28. Executive’s Cooperation. During the Employment Period and thereafter, Executive
shall cooperate with the Company and its Subsidiaries in any internal investigation, any administrative, regulatory or judicial investigation or proceeding or any dispute with a third party as reasonably requested by the Company (including, without
limitation, Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process,
volunteering to the Company all pertinent information and turning over to the Company all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s
other permitted activities and commitments). In the event the Company requires Executive’s cooperation in accordance with this Section 28, the Company shall reimburse Executive solely for reasonable travel expenses (including
lodging and meals) upon submission of receipts. 
 Section 29. Arbitration. Except with respect to disputes and claims under
Section 7, Section 8, or Section 9 (which the parties hereto may pursue in any court of competent jurisdiction as provided in this Agreement and with respect to which each party shall bear the cost of its own
attorneys’ fees and expenses, except to the extent otherwise required by applicable law), each party hereto agrees that arbitration pursuant to the procedures set forth in the National Rules for the Resolution of Employment Disputes of the
American Arbitration Association (the “AAA Rules”) shall be the sole and exclusive method for resolving any claim or dispute (“Claim”) arising out of or relating to the rights and obligations of the parties under
this Agreement and the employment of Executive by the Company and its Subsidiaries (including, without limitation, claims and disputes regarding employment discrimination, sexual harassment and wrongful termination), whether such Claim arose or the
facts on which such Claim is based occurred prior to or after the execution and delivery of this Agreement. The parties hereto agree that (i) one arbitrator shall be appointed pursuant to the AAA Rules to conduct any such arbitration,
(ii) all meetings of the parties and all hearings with respect to any such arbitration shall take place in 

 
Michigan, (iii) each party to the arbitration shall bear its own costs and expenses (including, without limitation, all attorneys’ fees and expenses, except to the extent otherwise
required by applicable law), and (iv) all costs and expenses of the arbitration proceeding (such as filing fees, the arbitrator’s fees, hearing expenses, etc.) shall be borne equally by the parties hereto. The parties agree that the
judgment, award or other determination of any arbitration under the AAA Rules shall be final, conclusive and binding on all of the parties hereto. Nothing in this Section 29 shall prohibit any party hereto from instituting litigation to
enforce any final judgment, award or determination of the arbitration. Each party hereto further agrees that each other party hereto may initiate litigation in any court of competent jurisdiction to execute any judicial judgment enforcing or not
enforcing any award, judgment or determination of the arbitration. 
 Section 30. Indemnification. The Company shall indemnify
the Executive to the full extent provided under the Company’s certificate of incorporation and by-laws, in both cases as in effect on the date hereof or as may be amended hereafter. The Executive shall be covered by any director’s and
officer’s policy that the Company may provide for its active directors and officers from time to time during the Employment Period. 

*    *    *    *    * 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement on the date first
written above. 
  

	
	METALDYNE PERFORMANCE GROUP INC.
	
	 /s/ ERIC SCHONDORF

	Name: Eric Schondorf
	Title: Vice President and Secretary
	Date: August 4, 2014
	
	EXECUTIVE
	
	 /s/ GEORGE THANOPOULOS

	George Thanopoulos
	Date: August 5, 2014

 [Signature Page—Thanopoulos Employment Agreement] 

 Exhibit A 

GENERAL RELEASE 
 I, George
Thanopoulos, in consideration of and subject to the performance by Metaldyne Performance Group Inc., a Delaware corporation (together with its subsidiaries, the “Company”), of its obligations under my employment agreement, dated as
of August 4th, 2014 (the “Employment Agreement”), do hereby release and forever discharge as of the date hereof the Company, its Subsidiaries and its affiliates and all present and former directors, officers, agents,
representatives, employees, successors and assigns of the Company, its Subsidiaries and its affiliates and the Company’s direct or indirect owners (collectively, the “Released Parties”) to the extent provided below. 

1. I understand that any payments or benefits paid or granted to me under Section 5(a) or Section 5(b), as applicable, of the
Employment Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that I shall not receive the payments and benefits specified in
Section 5(a) or Section 5(b), as applicable, of the Employment Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter or breach this General Release. Such payments
and benefits shall not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its affiliates. I also acknowledge and represent that I have received
all payments and benefits that I am entitled to receive (as of the date hereof) by virtue of any employment by the Company. 
 2. Except as
provided in Paragraph 4 below and except for the provisions of the Employment Agreement that expressly survive the termination of my employment with the Company, I knowingly and voluntarily (for myself, my heirs, executors, administrators and
assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits, controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages,
punitive or exemplary damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date this General Release becomes effective and enforceable)
and whether known or unknown, suspected, or claimed against the Company or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, may have, which arise out of or are connected with my employment
with, or my separation or termination from, the Company and its Subsidiaries (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the
Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker
Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local
civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any
claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to
herein as the “Claims”). 
 3. I represent that I have made no assignment or transfer of any right, claim, demand, cause of
action, or other matter covered by Paragraph 2 above. 
 4. I agree that this General Release does not waive or release any rights or claims
that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I execute this 

 
General Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the Employment Agreement shall not serve as the basis for any claim or
action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). Furthermore, this General Release does not release any claim that relates to (i) my right to enforce this General Release; (ii) any
rights I may have to indemnification from personal liability or to protection under any insurance policy maintained by the Company, including without limitation any general liability or directors and officers insurance policy and under any other
document or agreement, including, without limitation, the Company’s Articles of Incorporation and By-Laws; (iii) my right, if any, to government-provided unemployment and worker’s compensation benefits; (iv) my rights to receive
the amounts described in Section 1 of this General Release that have not yet been paid (subject to the conditions thereof); (v) my rights under any Company benefit plans (e.g., health, disability or retirement plans), which by their
explicit terms survive the termination of my employment; or (vi) my rights under any plan, contract, agreement or arrangement relating in any way to ownership or the right to acquire equity in the Company or any of its affiliates. 

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

8. I agree that I will forfeit all amounts payable by the Company and its Subsidiaries pursuant to the Employment Agreement if I challenge the
validity of this General Release. I also agree that if I violate this General Release by suing the Company or any other Released Parties, I shall pay all costs and expenses of defending against the suit incurred by the Released Parties (including,
without limitation, reasonable attorneys’ fees, and return all payments received by me pursuant to the Employment Agreement). 

 9. I agree that this General Release and the Employment Agreement are confidential and agree not
to disclose any information regarding the terms of this General Release or the Employment Agreement, except to my immediate family and any tax, legal or other counsel I have consulted regarding the meaning or effect hereof or as required by law, and
I shall instruct each of the foregoing not to disclose the same to anyone. Notwithstanding anything herein to the contrary, each of the parties (and each affiliate and person acting on behalf of any such party) agree that each party (and each
employee, representative, and other agent of such party) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of this transaction contemplated in the Employment Agreement and, all materials of any
kind (including opinions or other tax analyses) that are provided to such party or such person relating to such tax treatment and tax structure, except to the extent necessary to comply with any applicable federal or state securities laws. This
authorization is not intended to permit disclosure of any other information including (without limitation) (i) any portion of any materials to the extent not related to the tax treatment or tax structure of this transaction, (ii) the
identities of participants or potential participants in the Agreement, (iii) any financial information (except to the extent such information is related to the tax treatment or tax structure of this transaction), or (iv) any other term or
detail not relevant to the tax treatment or the tax structure of this transaction. 
 10. The non-disclosure provisions in this General
Release do not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying facts and circumstances by the Securities and Exchange Commission, the National Association of Securities Dealers,
Inc., any other self-regulatory organization or governmental entity. 
 11. I agree that as of the date hereof, I have returned to the
Company any and all property, tangible or intangible, relating to its Subsidiaries’ business, which I possessed or had control over at any time (including, but not limited to, company-provided credit cards, building or office access cards,
keys, computer equipment, manuals, files, documents, records, software, customer data base and other data) and that I shall not retain any copies, compilations, extracts, excerpts, summaries or other notes of any such manuals, files, documents,
records, software, customer data base or other data. 
 12. Notwithstanding anything in this General Release to the contrary, this General
Release shall not relinquish, diminish, or in any way affect any rights or claims arising out of any breach by the Company or by any Released Party of the Employment Agreement after the date hereof. 

13. Whenever possible, each provision of this General Release shall be interpreted in, such manner as to be effective and valid under
applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any
other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 
  

	 	(a)	I HAVE READ IT CAREFULLY; 

  

	 	(b)	I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF
1964, AS AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED; 

	 	(c)	I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

  

	 	(d)	I HAVE BEEN ADVISED IN WRITING BY MEANS OF THIS GENERAL RELEASE AGREEMENT TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY
OWN VOLITION; 

  

	 	(e)	I HAVE HAD AT LEAST [21]1/[45]2 DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE SUBSTANTIALLY IN ITS FINAL FORM
TO CONSIDER IT AND THE CHANGES MADE SINCE THE DATE OF RECEIPT ARE NOT MATERIAL AND SHALL NOT RESTART THE REQUIRED [21]3/[45]4-DAY PERIOD OR I
HAVE ELECTED TO SIGN THIS RELEASE PRIOR TO THE END OF SUCH [21]5/[45]6-DAY PERIOD; 

 

	 	(f)	I UNDERSTAND THAT I HAVE SEVEN DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

 

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

 

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

[SIGNATURE PAGE FOLLOWS] 

 

	1 	To be included if not part of a broad layoff. 

	2 	To be included if part of a broad layoff. 

	3 	To be included if not part of a broad layoff. 

	4 	To be included if part of a broad layoff. 

	5 	To be included if not part of a broad layoff. 

	6 	To be included if part of a broad layoff. 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement on the date first
written above. 
  

	
	METALDYNE PERFORMANCE GROUP INC.
	
	  

	Name:
	Title:
	Date:
	
	EXECUTIVE
	
	  

	George Thanopoulos
	Date:

 [SIGNATURE PAGE TO GENERAL RELEASE]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00234-of-00352.parquet"}]]