Document:

Employee Stock Ownership Plan

 Exhibit 10.20 

 
  
  

 
  
  

 
  
  

 
  
  

 
  
  

 
 CORSAIR COMPONENTS, INC. 

EMPLOYEE STOCK OWNERSHIP PLAN 
 (Amended and Restated Effective as of January 1, 2011) 
 The Second
Restatement of the Plan 

 CONTENTS 

 

									
	 Section
	  	Page	 
			
	1.	  	NATURE OF PLAN.	  	 	1	  
			
	2.	  	DEFINITIONS.	  	 	2	  
			
	3.	  	ELIGIBILITY.	  	 	17	  
			
	4.	  	PARTICIPATION IN ALLOCATION OF BENEFITS.	  	 	18	  
		  	(a)	 	Participation.	  	 	18	  
		  	(b)	 	Leave of Absence.	  	 	18	  
		  	(c)	 	Omission of Eligible Employee.	  	 	18	  
		  	(d)	 	Inclusion of Ineligible Employee.	  	 	19	  
		  	(e)	 	Uniformed Services Participants.	  	 	19	  
		  	(f)	 	Suspended Participation.	  	 	19	  
			
	5.	  	CONTRIBUTIONS.	  	 	20	  
		  	(a)	 	Amount of Contribution	  	 	20	  
		  	(b)	 	Time for Making Contribution.	  	 	20	  
		  	(c)	 	Form of Contribution.	  	 	20	  
			
	6.	  	INVESTMENT OF TRUST ASSETS.	  	 	21	  
		  	(a)	 	Authorized Investments.	  	 	21	  
		  	(b)	 	Investment Duties.	  	 	21	  
		  	(c)	 	Plan Loans.	  	 	21	  
		  	(d)	 	Nonrecognition of Gain.	  	 	23	  
			
	7.	  	ALLOCATIONS TO ACCOUNTS.	  	 	24	  
		  	(a)	 	Individual Accounts.	  	 	24	  
		  	(b)	 	Company Stock Account.	  	 	24	  
		  	(c)	 	Other Investments Account.	  	 	26	  
			
	8.	  	EXPENSES OF THE PLAN AND TRUST	  	 	27	  
			
	9.	  	VOTING COMPANY STOCK.	  	 	28	  
			
	10.	  	DISCLOSURE TO PARTICIPANTS.	  	 	29	  
		  	(a)	 	Summary Plan Description.	  	 	29	  
		  	(b)	 	Summary Annual Report.	  	 	29	  
		  	(c)	 	Annual Statement.	  	 	29	  
		  	(d)	 	Notice of Rollover Treatment.	  	 	29	  
		  	(e)	 	Additional Disclosure.	  	 	30	  

  
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	11.	  	ALLOCATION OF CONTRIBUTIONS AND FORFEITURES.	  	 	31	  
		  	(a)	 	Allocation of Contributions and Forfeitures.	  	 	31	  
		  	(b)	 	Allocation Limitations.	  	 	33	  
			
	12.	  	DETERMINATION OF PLAN BENEFITS.	  	 	35	  
		  	(a)	 	Vesting at Death, Disability or Retirement.	  	 	35	  
		  	(b)	 	Determination of Plan Benefits in Connection with Qualified Military Service.	  	 	35	  
			
	13.	  	TERMINATION OF SERVICE PRIOR TO RETIREMENT, AND FORFEITURES	  	 	36	  
		  	(a)	 	Vesting Schedule.	  	 	36	  
		  	(b)	 	Vesting Upon Reemployment.	  	 	37	  
		  	(c)	 	Forfeitures.	  	 	38	  
		  	(d)	 	Cash-Out Distribution	  	 	39	  
			
	14.	  	DISTRIBUTION OF PLAN BENEFIT.	  	 	41	  
		  	(a)	 	Death, Disability or Retirement.	  	 	41	  
		  	(b)	 	Other Termination of Participation.	  	 	41	  
		  	(c)	 	Death Prior to Completion of Distribution.	  	 	42	  
		  	(d)	 	Valuation Date.	  	 	43	  
		  	(e)	 	Consent and Notice Requirements.	  	 	43	  
		  	(f)	 	Required Commencement of Benefit Distribution.	  	 	44	  
		  	(g)	 	Undistributed Accounts.	  	 	45	  
		  	(h)	 	Optional Direct Transfer of Eligible Rollover Distributions.	  	 	45	  
		  	(i)	 	Lien on Distribution.	  	 	45	  
			
	15.	  	HOW PLAN BENEFIT WILL BE DISTRIBUTED.	  	 	46	  
		  	(a)	 	Form of Distribution.	  	 	46	  
		  	(b)	 	Beneficiaries.	  	 	47	  
		  	(c)	 	Location of Participant or Beneficiary Unknown.	  	 	47	  
		  	(d)	 	Facility of Payment.	  	 	48	  
			
	16.	  	RIGHTS AND OPTIONS FOR DISTRIBUTED SHARES OF COMPANY STOCK.	  	 	49	  
		  	(a)	 	“Put” Option.	  	 	49	  
		  	(b)	 	Right of First Refusal.	  	 	50	  
		  	(c)	 	Other Options.	  	 	51	  
			
	17.	  	SPECIAL PROVISIONS.	  	 	52	  
		  	(a)	 	Diversification of Investments.	  	 	52	  
		  	(b)	 	Cash Dividends.	  	 	52	  
			
	18.	  	ADMINISTRATION.	  	 	54	  
		  	(a)	 	Named Fiduciaries for Administration of Plan and for Investment and Control of Plan Assets.	  	 	54	  
		  	(b)	 	Investment of Plan Assets.	  	 	56	  
		  	(c)	 	Funding Policy.	  	 	57	  
		  	(d)	 	Claims Procedures.	  	 	57	  

  
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		  	(e)	 	Qualified Domestic Relations Orders.	  	 	59	  
		  	(f)	 	Indemnification of Certain Fiduciaries and Insurance.	  	 	61	  
		  	(g)	 	Independent Fiduciary.	  	 	61	  
		  	(h)	 	General.	  	 	61	  
			
	19.	  	AMENDMENT AND TERMINATION.	  	 	63	  
		  	(a)	 	Amendment.	  	 	63	  
		  	(b)	 	Changes in the Code.	  	 	63	  
		  	(c)	 	Termination, Partial Termination or Complete Discontinuance of Contributions.	  	 	63	  
		  	(d)	 	Determination by Internal Revenue Service.	  	 	64	  
		  	(e)	 	Return of Employer’s Contribution.	  	 	64	  
			
	20.	  	MISCELLANEOUS.	  	 	65	  
		  	(a)	 	Participation by Affiliated Company.	  	 	65	  
		  	(b)	 	Limitation of Rights; Employment Relationship.	  	 	65	  
		  	(c)	 	Merger; Transfer of Assets.	  	 	65	  
		  	(d)	 	Prohibition Against Assignment.	  	 	65	  
		  	(e)	 	Applicable Law; Severability.	  	 	66	  
			
	21.	  	TOP-HEAVY RULES.	  	 	67	  
		  	(a)	 	Purpose and Effect.	  	 	67	  
		  	(b)	 	Top-Heavy Plan.	  	 	67	  
		  	(c)	 	Key Employee.	  	 	68	  
		  	(d)	 	Aggregated Plans.	  	 	68	  
		  	(e)	 	Minimum Vesting.	  	 	68	  
		  	(f)	 	Minimum Contribution.	  	 	69	  
		  	(g)	 	Coordination of Benefits.	  	 	70	  
			
	22.	  	EXECUTION.	  	 	71	  

  
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 CORSAIR COMPONENTS, INC. 

EMPLOYEE STOCK OWNERSHIP PLAN 
  

 
  

	Section 1.	NATURE OF PLAN. 

(a)      The purpose of this Plan is to enable participating Employees of the Company and of any
participating affiliates to share in the growth and prosperity of the Company and to provide Participants with an opportunity to accumulate capital for their future economic security. A primary purpose of the Plan is to enable Participants to
acquire a proprietary interest in the Company. Consequently, the Plan is designed to be primarily invested in Employer Securities over the life of the Plan. 
 (b)      This Plan, originally effective as of January 1, 2002, and amended from time to time, and amended and restated effective as of January 1, 2006, is amended
and herein restated effective as of January 1, 2011, unless an earlier or later effective date is required pursuant to a statute or Treasury Regulation or as stated in the Plan document. The Plan is intended to qualify as an Employee Stock
Ownership Plan, as defined in Section 4975(e)(7) of the Internal Revenue Code (hereinafter referred to as the “Code”). In addition, in accordance with Section 54.4975-11(a)(5) of the Treasury Regulations, this Plan also forms a
portion of the Plan which is a Stock Bonus Plan, which is intended to qualify under Section 401(a) of the Code. This Plan is the second restatement of the Plan, originally effective as of January 1, 2002. This restated Plan reflects the
applicable provisions of the Pension Protection Act of 2006 (“PPA ‘06”), the applicable provisions of the final regulations under Code Section 415 (the “Final § 415 Regulations”) and the applicable provisions
of the Heroes Earnings Assistance and Relief Tax Act of 2008 (“HEART ‘08”) as well as the applicable provisions of the Worker, Retiree and Employer Recovery Act of 2008 (“WRERA”). 

All Trust assets acquired under this Plan as a result of Contributions, income and other additions to the Trust will be administered,
distributed, forfeited and otherwise governed by the provisions of this Plan which is administered by the Committee for the exclusive benefit of Participants in the Plan and their Beneficiaries. It is intended that all benefits, rights and features
of this Plan be uniformly available to all Participants. 

  
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	Section 2.	DEFINITIONS. 

 In
this Plan, whenever the context so indicates, the singular or plural number shall each be deemed to include the other, and the capitalized words shall have the following meanings: 

ACCOUNT 

One of several Accounts maintained to record the interest of a Participant in the Plan. 

AFFILIATED COMPANY 
 Any employer which is a member of a controlled group of corporations (as defined in Section 414(b) of the Code) which includes the Employer, any trade or business (whether or not incorporated) which
is under common control (as defined in Section 414(c) of the Code) with the Employer, any affiliated service group which includes the Employer (as defined in Section 414(m) of the Code), and any other entity required to be aggregated with
the Employer under Section 414(o) of the Code. For purposes of Code Section 415 limits, the definition of Affiliated Company shall be expanded in accordance with Code Section 415(h). 

ALTERNATE PAYEE 
 A spouse, former spouse, child or other dependent of a Participant who is recognized by a Domestic Relations Order as having a right to receive all or a portion of the benefits otherwise payable to a
Participant. See Section 18(e) of the Plan. 
 ANNIVERSARY DATE 

The 31st day of December of each year. 
 ANNUAL ADDITIONS 
 The aggregate of amounts credited to a
Participant’s Accounts each year from Contributions, Forfeitures, and a Participant’s voluntary contributions (if any) under all defined contribution plans of an Employer or Affiliated Company. Amounts allocated to an individual medical
account (as defined in Section 415(l)(2) of the Code) which is part of a pension or annuity plan maintained by the Company shall be treated as an Annual Addition. Any amounts attributable to postretirement medical benefits allocated to the
separate account of a Key Employee (as defined in Section 419A(d)(3) of the Code) under any Welfare Benefit Plan (as defined in Section 419(e) of the Code) shall be treated as an Annual Addition. A restored Forfeiture, a transfer from
another qualified pension plan, a rollover contribution (if any) shall not be counted as an Annual Addition. For purposes of Code Section 415 limits, the definition of Annual Additions shall be expanded in accordance with Code
Section 415(h). 

  
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 Notwithstanding the foregoing, Contributions which are applied to the payment of interest
on a Securities Acquisition Loan and Forfeitures of Employer Securities purchased with the proceeds of a Securities Acquisition Loan shall be excluded if no more than one third (1/3) of the Contributions deductible under Section 404(a)(9)
of the Code for that year is allocated to the Accounts of Highly Compensated Employees. 
 BENEFICIARY 

The person or persons entitled to receive any benefits under the Plan in the event of a Participant’s death. 

BOARD OF DIRECTORS 
 The board of directors of the Company. 
 BREAK IN SERVICE 

A Plan Year during which a Participant has not completed more than 500 Hours of Service. 

CODE 

The Internal Revenue Code of 1986, as amended from time to time. 

COMMITTEE 
 The “Committee”, appointed by the Board of Directors to administer the Plan in accordance with Section 18 of the Plan, including providing direction to the Trustee. 

COMPANY 

Corsair Components, Inc., a Delaware corporation. 
 COMPANY STOCK 
 Shares of common stock, which are issued by the Company or
any Affiliated Company, which meet the requirements of Section 407(d) of ERISA and Section 409(l) of the Code. 

COMPANY STOCK ACCOUNT 
 The Account of a Participant which is credited with the shares of Company Stock purchased and paid for by the Trust or contributed to the Trust. 

  
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 CONTRIBUTIONS 

Employer contributions which are deductible by an Employer under Section 404(a) of the Code. 

COVERED COMPENSATION 
 The Total Compensation paid to a Participant by the Employer for each Limitation Year, including any salary deferrals under Sections 401(k) and 125 of the Code, but excluding reimbursement or other
expense allowances, fringe benefits (cash and noncash), moving expenses, welfare benefits, and deferred compensation except deferrals under Sections 401(k) and 125 of the Code. Effective for all Plan Years beginning after December 31, 2008, in
accordance with HEART ‘08, Covered Compensation shall include any differential wage payments (as defined in Section 3401(h)(2) of the Code). 
 Notwithstanding the foregoing definition, solely for purposes of the Plan’s Limitation Year beginning after June 30, 2007 (the “First Limitation Year”), the definition of Covered
Compensation shall be applied in accordance with the definition of Total Compensation, as amended for the final regulations under Code Section 415 unless the application of the amended definition of Total Compensation would constitute an
impermissible cutback of benefits in violation of Code Section 411(d)(6). 
 Notwithstanding the foregoing, the Covered
Compensation of each Participant taken into account in determining allocations for any Plan Year shall not exceed $245,000, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code. Covered Compensation
means compensation paid during the Plan Year (the determination period). The cost-of-living adjustment in effect for a calendar year applies to annual compensation for the determination period that begins with or within such calendar year.

 DIRECT ROLLOVER 
 A payment by the Plan to the Eligible Retirement Plan specified by the Distributee. 
 DISABILITY 
 If a Participant terminated employment because of a total and
permanent disability, the Participant will be given a Disability Retirement without regard to age or length of service, and the Participant’s Plan Benefit shall be one hundred percent (100%) vested. Disability shall mean the
Participant’s entitlement to Social Security disability benefits. 

  
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 DISTRIBUTEE 

Any Employee or former Employee. In addition, the Employee’s or former Employee’s surviving spouse and the Employee’s or
former Employee’s spouse or former spouse who is the Alternate Payee under a qualified domestic relations order, as defined in section 414(p) of the Code, are Distributees with regard to the interest of the spouse or former spouse. In
accordance with PPA ‘06, for purposes of distributions made after December 31, 2006, a Distributee shall include a non-spouse Beneficiary. 
 DOMESTIC RELATIONS ORDER 
 Any judgment, decree, or order (including
approval of a property settlement agreement) which is made pursuant to a State domestic relations law and which relates to the provision of child support, alimony payments or marital property rights to a spouse, former spouse, child or other
dependent of a Participant. See Section 18(e) of the Plan. 
 EFFECTIVE DATE 

The Effective Date of this amended and restated Plan is January 1, 2011 (except that provisions which are required to be effective
before this date in accordance with certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), intended as good faith compliance with the requirements of EGTRRA, are applicable to all Plan Years
beginning after December 31, 2001, unless an earlier or later effective date is required pursuant to a statute or Treasury Regulation or as stated in the Plan document). 
 ELIGIBILITY COMPUTATION PERIOD 
 To determine Years of Service and Breaks
in Service for purposes of eligibility, the initial twelve-consecutive-month period shall commence on the date the Employee first performs an Hour of Service for the Company. The second twelve-consecutive-month period shall be the Plan Year which
commences prior to the end of the initial twelve-consecutive-month period, regardless of whether the Employee is entitled to be credited with 1,000 Hours of Service during the initial eligibility computation period. An Employee who is credited with
1,000 Hours of Service in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee’s initial eligibility computation period will be credited with two Years of Service
for purposes of eligibility to participate. All subsequent computation periods will continue to be determined on the Plan Year. 

ELIGIBLE RETIREMENT PLAN 
 An individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in
Section 403(a) of the Code, or a qualified trust described in 

  
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Section 401(a) of the Code, that accepts the Distributee’s Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving spouse (or after
December 31, 2006, a non-spouse Beneficiary), an Eligible Retirement Plan is an individual retirement account or individual retirement annuity. 
 The definition of Eligible Retirement Plan shall also mean an annuity contract described in Section 403(b) of the Code and an eligible plan under Section 457(b) of the Code which is maintained
by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan. In accordance with PPA
‘06, for purposes of distributions made after December 31, 2007, the definition of Eligible Retirement Plan shall also include a Roth IRA as described in Section 408A(e) of the Code. The definition of Eligible Retirement Plan shall
also apply in the case of a distribution to a surviving spouse (or in accordance with PPA ‘06, after December 31, 2006, a non-spouse Beneficiary), or to a spouse or former spouse who is the Alternate Payee under a qualified Domestic
Relation Order, as defined in Section 414(p) of the Code. 
 ELIGIBLE ROLLOVER DISTRIBUTION 

Any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution
does not include: any hardship distribution described in Section 401(k)(2)(B)(i)(IV), any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy)
of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of ten (10) years or more; any distribution to the extent such distribution is
required under Section 401(a)(9) of the Code; and the portion of any distribution that is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer Securities).

 Notwithstanding the foregoing, for purposes of Section 14(h) of the Plan, a portion of a distribution shall not fail to
be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions which are not includable in gross income. However, such portion may be transferred only to an individual retirement account or annuity
described in Section 408(a) or (b) of the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately
accounting for the portion of such distribution which is includable in gross income and the portion of such distribution which is not so includable. In accordance with PPA ‘06, effective for all years beginning December 31, 2006, after-tax
contributions from a qualified retirement plan may be rolled over to a defined benefit plan or a 403(b) tax-sheltered annuity as described in Code Section 402(c)(2)(A). In addition, for purposes of Section 14(h) of the Plan, a 2009 RMD (as
described in Section 14(f) of the Plan) shall be 

  
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treated as an Eligible Rollover Distribution in accordance with the applicable provisions of WRERA. 
 EMPLOYEE 
 A person, employed by an Employer, any portion of whose income
is subject to withholding of income tax and/or for whom Social Security contributions are made by an Employer, as well as any other person qualifying as a common law employee of an Employer. Employee shall include Leased Employees unless:
(i) such Employee is covered by a money purchase pension plan providing: (1) a nonintegrated Employer contribution rate of at least ten percent (10%) of compensation, as defined in Section 415(c)(3) of the Code, but including
amounts contributed pursuant to a salary reduction agreement which are excludable from the Employee’s gross income under Section 125, Section 402(e)(3), Section 402(h) or Section 403(b) of the Code; (2) immediate
participation; and (3) full and immediate vesting; and (ii) Leased Employees do not constitute more than twenty percent (20%) of the Company’s nonhighly compensated work force. 

“Employee” shall not include any individual who is either (i) engaged by the Company as an independent contractor or
(ii) not reflected on the payroll records of the Company as a common law employee solely on account of the reclassification of such individual by the Internal Revenue Service, a court or administrative agency as a common law employee.

 EMPLOYER 
 Corsair Components, Inc., a Delaware corporation, its successors and assigns and any Affiliated Company. A “Participating Employer” is an Employer which has been designated by the Board of
Directors of the Company as an Employer participating in the Plan. See Section 20(a) of the Plan. 
 EMPLOYER SECURITIES

 Common stock issued by the Company or any Affiliated Company, which meets the requirements of Section 407(d) of
ERISA and Section 409(l) of the Code, having a combination of voting power and dividend rights equal to (i) that class of common stock of the Company having the greatest voting power and (ii) that class of common stock of the Company
having the greatest dividend rights. 
 EMPLOYMENT COMMENCEMENT DATE 

The date on which the Employee shall first perform an Hour of Service for the Employer. 

ENTRY DATE 
 The first day of January of each year. 

  
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 ERISA 
 The Employee Retirement Income Security Act of 1974, as amended from time to time. 

FISCAL YEAR 
 The annual accounting period adopted by the Company for federal income tax purposes. 
 FORFEITURES 
 The portion of a Participant’s Accounts which does not
become part of the Participant’s Plan Benefit. See Section 13 of the Plan. 
 HIGHLY COMPENSATED EMPLOYEE

 The term “Highly Compensated Employee” shall mean: (a) a Highly Compensated Former Employee of the
Company as well as (b) a Highly Compensated Current Employee. The term “Highly Compensated Current Employee” shall mean any Employee who: 
  

	 	(A)	was a five percent (5%) owner at any time during the year or the preceding year, or 

 

	 	(B)	for the preceding year, had Total Compensation from the Company and/or from an Affiliated Company in excess of $110,000 (indexed at such time and in such manner as the
Secretary of the Treasury may provide), and was in the top-paid group of Employees (i.e., was among the top twenty percent (20%) of Employees in compensation) for such preceding year. 

The determination of who is a Highly Compensated Employee, including the determination of the number and identity of Employees in the
top-paid group, will be made in accordance with the provisions of Section 414(q) of the Code and the regulations thereunder. 
 A former employee shall be treated as a “Highly Compensated Former Employee” if such employee was a Highly Compensated Employee when he separated from service or was a Highly Compensated
Employee at any time after attaining age fifty-five (55). 
 HOUR OF SERVICE 

(a)      Each hour for which an Employee is paid, or entitled to payment, for the performance of duties
for the Employer or any Affiliated Company during the applicable computation period. 

  
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 (b)      Each hour for which an Employee is paid, or entitled
to payment, by the Employer or any Affiliated Company on account of a period of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including
disability), layoff, jury duty, military duty or leave of absence. Notwithstanding the preceding sentence, (1) no more than 501 Hours of Service will be credited under this paragraph (b) to an Employee on account of any single continuous
period during which the Employee performs no duties (whether or not such period occurs in a single computation period); (2) an hour for which an Employee is directly or indirectly paid, or entitled to payment, during a period in which no duties
are performed, will not be credited to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable workmen’s compensation, unemployment compensation or disability insurance laws; and
(3) Hours of Service will not be credited for a payment which solely reimburses an Employee for medical or medically related expenses incurred by the Employee. For purposes of this paragraph (b), a payment shall be deemed to be made by or due
from an Employer or an Affiliated Company regardless of whether such payment is made by or due from the Employer or an Affiliated Company directly or indirectly through, among others, a trust fund, or insurer, to which the Employer or an Affiliated
Company contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer or other entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate. 

(c)      Each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed
to by the Employer or an Affiliated Company. 
 (d)      The determination of Hours of Service
for reasons other than the performance of duties, and the crediting of Hours of Service to computation periods, shall be in accordance with U.S. Department of Labor Regulations Section 2530.200b-2 (b) and (c). There shall be no duplication
of Hours of Service under any of the foregoing provisions. 
 (e)      In the case of a salaried
Employee who is not paid on an hourly basis, Hours of Service shall be based on any available records which accurately reflect the actual number of hours worked by such Employee. If such records do not exist, such Employee shall be credited with
Hours of Service on the basis of 45 hours for each week for which the Employee would be credited with at least one Hour of Service. 
 (f)      For purposes of determining whether a Participant has incurred a one-year Break in Service, a Participant will be credited with Hours of Service for (i) a leave
of absence covered by the Family and Medical Leave Act of 1993, or (ii) certain periods of absence from work by reason of the Participant’s pregnancy, the birth of a Participant’s child, the adoption of a Participant’s child, or
caring for a Participant’s child during the period immediately following the birth or adoption of such child. If the Participant’s normal work hours are known, such Participant 

  
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will be credited with the number of hours that normally would have been credited for such absence. If the Participant’s normal work hours are not known, such Participant will be credited
with eight Hours of Service for each normal workday during such absence. Not more than 501 Hours of Service shall be credited for such purposes in the Plan Year in which such absence commences if the Participant would otherwise incur a Break in
Service in such Plan Year; otherwise, such Hours of Service shall be credited in the following Plan Year if such absence continues in such Plan Year. 
 INDEPENDENT APPRAISER 
 Any appraiser, appointed by the Committee or
Independent Fiduciary, who is independent of the Company and who meets requirements of Section 401(a)(28) of the Code. 

INDEPENDENT FIDUCIARY 
 The term Independent Fiduciary shall refer to any entity or individual which is unrelated to any part of the Plan or Trust and which may be appointed from time to time by the Board of Directors to act on
behalf of the Plan and/or Trust, or for such other purposes as the Board of Directors may determine to be in the best interest of the Plan and/or Trust. 
 INELIGIBLE EMPLOYEE 
 See Section 3 of the Plan. 

LEASED EMPLOYEE 
 Any person (other than an Employee of the Company) who pursuant to an agreement between the Company and any other person (“leasing organization”) has performed services for the Company (or for
the Company and related persons determined in accordance with Section 414(n)(6) of the Code) on a substantially full-time basis for a period of at least one (1) year, and such services are performed under primary direction or control by
the Company. Contributions or benefits provided a Leased Employee by the leasing organization which are attributable to services performed for the Company shall be treated as provided by the Company. 

LIMITATION YEAR 
 For purposes of the limitations imposed by Section 415 of the Code, the Limitation Year shall be the Plan Year. 
 NORMAL RETIREMENT AGE 
 The date on which a Participant attains age sixty
(60). 

  
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 OTHER INVESTMENTS ACCOUNT 

The Account of a Participant which is credited with a share of the net income (or loss) of the Trust and Contributions and Forfeitures
in other than Company Stock and which is debited with payments made to pay for Company Stock. 
 PARTICIPANT 

Any Employee who is participating in this Plan as defined in Section 3 of the Plan or former Employee for whom an Account is
maintained. A Participant ceases to be a Participant when such Participant’s Account is closed after all amounts have been distributed or Forfeited (in accordance with Section 13 of the Plan). 

PLAN 

The Corsair Components, Inc. Employee Stock Ownership Plan, which includes the Plan and Trust Agreement. 

PLAN ADMINISTRATOR 
 The Company shall serve as the Plan Administrator. 
 PLAN BENEFIT

 The vested amount, as defined in Sections 12 and 13 of the Plan, of a Participant’s Accounts. 

PLAN YEAR 
 The twelve (12) month period ending on each Anniversary Date. 
 QUALIFIED
ELECTION PERIOD 
 The six (6) Plan Year period beginning with the first Plan Year in which the Participant first
became a Qualified Participant. See Section 17(a) of the Plan. 
 QUALIFIED EMPLOYER SECURITIES 

Employer Securities which are issued by a domestic C corporation that has no securities outstanding that are readily tradable on an
established securities market, have been held for at least three (3) years by the seller and were not received by the seller in a distribution from a plan qualified under Section 401(a) or in a transfer pursuant to an option or other right
to acquire stock under Section 83, 422, 422A, 423 or 424 of the Code. See Section 6(d) of the Plan. 
 QUALIFIED
PARTICIPANT 
 Any Participant who has attained age fifty-five (55) and has completed ten (10) years of
participation under the Plan. See Section 17(a) of the Plan. 

  
 11 

 QUALIFIED REPLACEMENT PROPERTY 

Any stock, bond, debenture, note, or other evidence of indebtedness issued by a domestic corporation (other than the Employer
corporation or any corporation which is a member of a parent-subsidiary controlled group which includes the Employer corporation) which does not, for the taxable year preceding the taxable year in which such security is purchased, have passive
investment income exceeding twenty-five percent (25%) of the gross receipts of such corporation for such year. See Section 6(d) of the Plan. 
 RETIREMENT 
 Separation from service after attaining Normal Retirement Age
or due to Disability. 
 SECURITIES ACQUISITION LOAN 

A loan, also called an ‘Exempt Loan’, which is used to purchase Employer Securities as described in Subsection 6(c) of the
Plan and is in accordance with Treasury Regulation § 54.4975-7(b)(1)(ii) and (iii). 
 STOCK BONUS PLAN 

The portion of the Plan, which in accordance with Treasury Regulation § 54.4975-11(a)(5), is designed to qualify as a stock bonus
plan and is subject to the rules pertaining to a stock bonus plan under Section 401(a) of the Code. This portion of the Plan is not intended to qualify as an Employee Stock Ownership Plan. 

SUSPENSE ACCOUNT 
 The Suspense Account maintained by the Trust to which shall be credited all shares of Employer Securities purchased with the proceeds of a Securities Acquisition Loan. 

TOTAL COMPENSATION 
 For purposes of Section 415 of the Code, the definition of Covered Compensation in Section 2 of this Plan, and the Top Heavy provisions in Section 21 of this Plan, 

 

	 	(a)	The term “Total Compensation” includes: 

 (1)      The Employee’s wages, salaries, fees for professional services, and other amounts received (without regard to whether or not an amount is paid in cash) for
personal services actually rendered in the course of employment with the Employer maintaining the Plan to the extent that the amounts are includable in gross income (including, but not limited to, commissions paid salesmen, compensation for services
on the basis of a percentage of profits, commissions on 

  
 12 

 
insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in Section 1.62-2(c) of the regulations under
Section 62 of the Code). 
 Total Compensation also includes Code Section 132(f) elective reductions, elective
deferrals to Section 401(k) plans and similar arrangements (for example, Employer contributions under a salary reduction arrangement to purchase a Code Section 403(b) annuity), elective contributions to Code Section 457 nonqualified
deferred compensation plans and salary reductions made to a cafeteria plan. 
 Notwithstanding the foregoing, for Limitation
Years beginning on or after July 1, 2007, the term Total Compensation also includes “Post-Separation Pay” paid by the Employer on behalf of the Employee during the “Post-Separation Payment Period”, as such terms are defined
herein. Post-Separation Pay includes (i) payment for regular services during the Employee’s regular working hours, or compensation for services outside the Employee’s regular working hours (such as overtime or shift differential),
commissions, bonuses, or other similar payments which would have been paid to the Employee prior to a severance from employment if the Employee had continued in employment with the Employer; (ii) payment for unused accrued bona fide sick,
vacation, or other leave, but only if the Employee would have been able to use the leave if employment had continued; and (iii) amounts received by an Employee pursuant to a nonqualified unfunded deferred compensation plan, but only if the
payment would have been paid to the Employee at the same time if the Employee had continued in employment with the Employer and only to the extent that the payment is includible in the Employee’s gross income. The Post-Separation Payment Period
is defined as the period not exceeding the later of 2 1/2 months after severance from employment with the Employer maintaining the Plan or the end of the Limitation Year that includes the date of severance from employment with the Employer maintaining the Plan.

 (2)      In the case of an Employee who is an employee within the meaning of
Section 401(c)(1) of the Code and the regulations thereunder, the Employee’s earned income (as described in Section 401(c)(2) of the Code and the regulations thereunder). 

(3)      Amounts described in Sections 104(a)(3), 105(a) and 105(h) of the Code, but only to the extent
that these amounts are includable in the gross income of the Employee. 
 (4)      Amounts paid
or reimbursed by the Employer for moving expenses incurred by an Employee, but only to the extent that at the time of the payment it is reasonable to believe that these amounts are not deductible by the Employee under Section 217 of the Code.

  
 13 

 (5)      The value of a nonqualified stock option granted to
an Employee by the Employer, but only to the extent that the value of the option is includable in the gross income of the Employee for the taxable year in which granted. 
 (6)      The amount includable in the gross income of an Employee upon making the election described in Section 83(b) of the Code. 

(7)      For all Limitation Years beginning on or after July 1, 2007, foreign compensation paid to an
individual is includible as Total Compensation regardless of the fact that those amounts are not includible in the individual’s gross income on account of the location of the services. The determination of whether an amount is treated as Total
Compensation is made without regard to the exclusions from gross income under IRC Sections 872, 893, 894, 911, 931, and 933. 

(8)      For all Limitation Years beginning on or after July 1, 2007, amounts that are includible in
the gross income of an Employee under the rules of section 409A or section 457(f)(1)(A) or because the amounts are constructively received by the Employee. 
  

	 	(b)	The term “Total Compensation” does not include items such as: 

 (1)      Employer contributions made on behalf of an Employee to a simplified employee pension plan described in Code Section 408(k) which are not considered as
compensation for the taxable year in which contributed. Additionally, any distributions from a plan of deferred compensation are not considered as compensation for Section 415 purposes, regardless of whether such amounts are includable in the
gross income of the Employee when distributed. However, any amounts received by an Employee pursuant to an unfunded nonqualified plan may be considered as compensation for Code Section 415 purposes in the year such amounts are includable in the
gross income of the Employee. 
 (2)      Amounts realized from the exercise of a nonqualified
stock option, or when restricted stock (or property) held by an Employee either becomes freely transferable or is no longer subject to a substantial risk of forfeiture (under Section 83 of the Code). 

(3)      Amounts realized from the sale, exchange or other disposition of stock acquired under a qualified
stock option. 
 (4)      Other amounts which receive special tax benefits, such as premiums for
group term life insurance (but only to the extent that the premiums are not includable in the gross income of the Employee), or contributions made by an Employer (not under a salary deferral agreement) towards the purchase of an annuity contract
described in Section 403(b) of the Code (only if the contributions are excludable from the gross income of the Employee). 

  
 14 

 (5)      Other items of remuneration that are similar to any
of the items listed in paragraphs (b)(1) through (b)(4) of this section. 
 (6)      For all
Limitation Years beginning on or after July 1, 2007, restorative payments are not counted as Annual Additions in any Limitation Year. Restorative payments are payments made to restore plan losses resulting from a fiduciary breach where there is
a reasonable risk of liability for breach of fiduciary duty under Title I of ERISA (other than a failure to timely remit participant contributions), as well as a reasonable risk of liability for breach of fiduciary duty under other applicable
federal or state law. Restorative payments do not include payments to make up for market fluctuations, payments to cover early termination or redemption fees in the case of a change in investment funds, or other payments not made on account of a
reasonable risk of liability for breach of fiduciary duty. 
 TRUST 

The Trust created by the Trust Agreement entered into between the Company and the Trustee. 

TRUST AGREEMENT 
 The agreement between the Company and the Trustee or any successor Trustee establishing the Trust and specifying the duties of the Trustee. 

TRUSTEE 

The Trustee (or Trustees) designated by the Company’s Board of Directors (and any successor Trustee). The Board of Directors may
provide that any person or group of persons may serve in more than one fiduciary capacity with respect to the Plan (including service as both Trustee and Committee member). 
 VALUATION DATE 
 The Anniversary Date coinciding with or immediately
preceding the date of actual distribution of Plan Benefits. For purposes of the top heavy provisions of this Plan, the Valuation Date is the most recent Anniversary Date within a twelve (12)-month period ending on a Determination Date (as defined in
Section 21) of the Plan. 
 YEAR OF SERVICE 

For purposes of vesting under Section 13 of the Plan, all Plan Years beginning on or after the Effective Date during which an
Employee has completed 1,000 or more Hours of Service, including any Plan Year during which such Employee has completed 1,000 or more Hours of Service but has not yet become eligible to participate in the Plan. Notwithstanding the foregoing, service
credit with respect 

  
 15 

 
to qualified military service will be provided in accordance with Section 414(u) of the Code. See also, Section 12(b) of the Plan. 

Years of Service also include, for purposes of vesting, all Years of Service recognized under this Employee Stock Ownership Plan prior
to this amendment and restatement. 

  
 16 

	Section 3.	ELIGIBILITY. 

Each Employee shall become eligible to participate in the Plan retroactively to the first day of the Plan Year in which the Employee first
completes 1,000 Hours of Service, measured from the Employee’s Employment Commencement Date. An Employee who leaves the service of the Employer before completing 1,000 Hours of Service will not forfeit any previous Hours of Service for purposes
of eligibility. 
 All Employees who were eligible to participate in the Company’s Employee Stock Ownership Plan on the
Effective Date of this restated Plan are automatically eligible to participate in the restated Plan. 
 Upon the Employee so
becoming eligible, participation shall be based on the total Covered Compensation paid to the Employee for the entire Plan Year during which the Employee becomes eligible to participate. 

The following Employees shall not be eligible to participate in the Plan, and shall be known as “Ineligible Employees”:

  

	 	•	 	 An Employee whose terms of employment with the Employer are covered by a collective bargaining agreement shall not be eligible to participate in the
Plan unless the terms of such collective bargaining agreement specifically provide for participation in this Plan; 

  

	 	•	 	 An Employee who is a Leased Employee; and 

  

	 	•	 	 An Employee who is a nonresident alien who does not receive any earned income (as defined in Code § 911(d)(2)) from the Employer which constitutes
United States source income (as defined in Code § 861(a)(3)). 

 If an Ineligible Employee, who has
otherwise met the Plan’s eligibility requirements as described above, and would otherwise have become eligible to participate in the Plan, shall go from a classification of an Ineligible Employee to an eligible Employee, such Employee shall
become eligible to participate in the Plan on the date such Employee becomes an eligible Employee or, if later, the date the Employee would have otherwise entered the Plan had the Employee always been an eligible Employee. 

  
 17 

	Section 4.	PARTICIPATION IN ALLOCATION OF BENEFITS. 

 (a)      Participation. 
 A Participant will
share in the allocation of Contributions and Forfeitures only if the Participant has accumulated 1,000 or more Hours of Service during the Plan Year. A Participant who accumulates less than 1,000 Hours of Service during a Plan Year will not share in
the allocation of Contributions and Forfeitures under Section 11 for such Plan Year, and shall become an inactive Participant for that Plan Year. 
 A Participant reemployed following a Break in Service shall, after completion of one (1) Year of Service (i.e., 1,000 Hours of Service measured from the Participant’s reemployment date),
participate retroactively to the date of reemployment for purposes of participating in the allocation of Contributions and Forfeitures, subject to the requirements of this Subsection 4(a). 

(b)      Leave of Absence. 
 A Participant’s employment is not considered terminated for purposes of the Plan if the Participant has been on leave of absence with the consent of the Company, provided that the Participant returns
to the employ of the Company within thirty (30) days after the leave (or within such longer period as may be prescribed by law). Leave of absence shall mean a leave granted by the Company, in accordance with rules uniformly applied to all
Participants, for reasons of health or public service or for reasons determined by the Company to be in its best interests. Solely for purposes of preventing a Break in Service, a Participant on such leave of absence shall be credited with eight
(8) Hours of Service for each business day of the leave. A Participant who does not return to the employ of the Company within the prescribed time following the end of the leave of absence shall be deemed to have terminated employment as of the
date when the leave began, unless such failure to return was the result of death, Disability or Retirement. 

(c)      Omission of Eligible Employee. 

If, in any Plan Year, any Employee who should be included as a Participant in the Plan is erroneously omitted, and discovery of such
omission is not made until after a Contribution by the Employer for the Plan Year has been made, the Employer shall make a subsequent Contribution with respect to the omitted Employee in the amount which the Company would have contributed if he or
she had not been omitted. Such Contribution shall be 

  
 18 

 
made regardless of whether or not it is deductible in whole or in part in any taxable year under the applicable provisions of the Code. 

(d)       Inclusion of Ineligible Employee. 

 If, in any Plan Year, any Employee who should not have been included as a Participant in the Plan is erroneously included, and
discovery of such incorrect inclusion is not made until after a Contribution by the Company for the year has been made, the Company shall not be entitled to recover the Contribution made with respect to the ineligible Employee regardless of whether
a deduction is allowable with respect to such Contribution. In such event, the amount contributed with respect to the ineligible Employee shall constitute a Forfeiture for the Plan Year in which the discovery is made. 

(e)       Uniformed Services Participants. 

 Notwithstanding the foregoing, participation in the allocation of Contributions and Forfeitures with respect to a
Participant’s qualified military service will be provided in accordance with Section 414(u) of the Code. See also, Section 12(b) of the Plan. 
 (f)       Suspended Participation. 
 A
Participant who ceases to be an eligible Employee as described in Section 3 of the Plan, shall become a suspended Participant. During the period of suspension, no amounts shall be credited to the Participant’s Accounts which are based on
the Participant’s Covered Compensation from and after the date of suspension. However, amounts previously credited to a Participant’s Accounts shall continue to vest in accordance with the provisions of this Plan. 

  
 19 

	Section 5.	CONTRIBUTIONS. 

 (a)      Amount of Contribution. 

Contributions shall be made to the Trust in such amounts as may be determined by the Company’s Board of Directors, provided that
such Contributions shall not exceed the maximum amounts deductible under Section 404(a)(3) and Section 404(a)(9) of the Code. Notwithstanding the foregoing, Contributions may not be made in amounts which would permit the limitation
described in Section 11(b) of the Plan to be exceeded. 
 (b)      Time for Making
Contribution. 
 Contributions for each year, as determined by the Company’s Board of Directors, shall be paid to the
Trust not later than the due date for filing the Company’s federal income tax return for that year, including extensions of such date. 
 (c)      Form of Contribution. 

Contributions may be paid in cash or shares of Company Stock as the Company’s Board of Directors may from time to time determine in
their discretion. Shares of Company Stock will be valued at their then fair market value. 

  
 20 

	Section 6.	INVESTMENT OF TRUST ASSETS. 

 (a)      Authorized Investments. 
 As
directed by the Committee, the Trustee shall apply cash Contributions received by the Trust to 1) pay any outstanding obligations of the Trust under a Securities Acquisition Loan incurred for the purchase of Employer Securities, or 2) purchase
shares of Company Stock from current shareholders, treasury shares, or newly issued shares from the Company. To the extent that cash Contributions to the Trust are in excess of amounts needed to pay outstanding obligations of the Trust under an
existing Securities Acquisition Loan, pursuant to the terms of the Trust Agreement, the Committee may also direct the Trustee to invest funds under the Plan in other investments as the Committee deems prudent for the Trust, or such funds may be held
in non-interest-bearing bank accounts as necessary on a temporary basis. Prior to the acquisition of Company Stock by the Trust, the Committee may direct the Trustee to invest funds under the Plan entirely in prudent investments other than Company
Stock. 
 (b)      Investment Duties. 

All investments will be made by the Trustee only upon the direction of the Committee. All purchases of Company Stock shall be made at no
more than fair market value, as determined by the Committee pursuant to a valuation analysis prepared by an Independent Appraiser. In the case of a purchase from a disqualified person (as defined in Code Section 4975(e)), all purchases of
Company Stock shall be made at prices which do not exceed the fair market value of such shares as of the date of the transaction. 
 (c)      Plan Loans. 

(1)      The Committee may direct the Trustee to incur Plan loans from time to time to carry out the
purposes of the Trust, provided that the loan is a Securities Acquisition Loan, and the terms of the loan must comply with the following requirements: Any such loan shall be for a specified term, shall bear a reasonable rate of interest, and shall
provide that the only assets of the Plan that may be given as collateral on such loan are qualifying Employer Securities of two classes: those acquired with the proceeds of the loan and those that were used as collateral on a prior Securities
Acquisition Loan repaid with the proceeds of the current Securities Acquisition Loan. Any such loan shall be primarily for the benefit of Plan Participants and their Beneficiaries. Any Securities Acquisition Loan made pursuant to this Subsection
6(c) of the Plan, shall provide that at the time the loan is made, the interest rate for the loan and the 

  
 21 

 
price of the Employer Securities to be acquired with the loan proceeds should not be such that Plan assets might be drained off. Payments made with respect to a Securities Acquisition Loan by the
Plan during a Plan Year must not exceed an amount equal to the sum of such contributions and earnings received during or prior to the year less such payments in prior years. 
 No person entitled to payment under the Securities Acquisition Loan shall have any right to assets of the Plan other than: (i) collateral given for such loan, (ii) Contributions (other than
contributions of employer securities) that are made under a Plan to meet its obligations under such loan, and (iii) earnings attributable to such collateral and the investment of such Contributions. Any pledge of Employer Securities must
provide for the release of shares so pledged pursuant to either the ‘General Rule’ or the ‘Special Rule’ set forth in Section 7 of the Plan. Shares of Employer Securities released from the Suspense Account shall be allocated
to Participants’ accounts in shares of stock or other nonmonetary units. Repayments of principal and interest on any Securities Acquisition Loan shall be made by the Trustee (as directed by the Committee) only from Contributions in cash that
are made to the Trust to meet its obligations under such Securities Acquisition Loan, or from any earnings attributable to the collateral given for such loan and the investment of Contributions made to the Trust in cash to meet its obligations under
the loan. Such Contributions and earnings shall be accounted for separately in the books of accounts of the Plan until the Securities Acquisition Loan is repaid. The proceeds of a Securities Acquisition Loan may be used only to acquire Employer
Securities, to repay such loan or to repay a prior Securities Acquisition Loan. The Plan may not obligate itself to acquire securities from a particular security holder at an indefinite time determined upon the happening of an event such as the
death of the holder. The protections and rights described in Section 16 of the Plan are nonterminable. Should this Plan cease to be an employee stock ownership plan, or should the Securities Acquisition Loan be repaid, all Employer Securities
will continue to be subject to the provisions of Section 16 of the Plan. If securities acquired with the proceeds of a Securities Acquisition Loan available for distribution consist of more than one class, a Distributee must receive
substantially the same portion of each such class. 
 (2)      In the event of default upon a
Securities Acquisition Loan, the value of Plan assets transferred in satisfaction of the loan must not exceed the amount of default. If the lender is a disqualified person (as defined in Code Section 4975(e)), a loan must provide for a

  
 22 

 
transfer of Plan assets upon default only upon and to the extent of the failure of the Plan to meet the payment schedule of the loan. For purposes of this paragraph, the making of a guarantee
does not make a person a lender. 
 (d)      Nonrecognition of Gain. 

(1)      There shall be no recognition of gain upon a sale of Employer Securities to the Plan if
(i) the seller has held such Securities for at least three (3) years, (ii) after the purchase the Plan owns at least thirty percent (30%) of each class of outstanding stock of the Company (other than preferred stock described in
Section 1504(a)(4) of the Code), or thirty percent (30%) of the total value of all outstanding stock of the Company (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) the seller purchases Qualified
Replacement Property within three (3) months prior to the sale or within twelve (12) months after the sale, (iv) on or before the time (including extension) for filing an income tax return, the seller files with the IRS a written
statement verified by the Company, regarding the terms of the sale, and (v) the Plan complies with the allocation requirements set forth in Section 11(b)(5) of the Plan. 

(2)      If, during the three-year period after the Plan acquires Qualified Employer Securities in a
transaction in which gain is not recognized, the Plan disposes of part or all of such Qualified Employer Securities, the Company shall be liable for a tax equal to ten percent (10%) of the amount realized upon the disposition, unless such
disposition is necessary to meet the diversification requirements of Section 17(a) of the Plan, or unless such disposition is made to a Participant (or the Participant’s Beneficiary) by reason of death, Disability, Retirement after age
fifty-nine and one-half (59 1/2), or a separation
from service which results in a one-year Break in Service. 

  
 23 

	Section 7.	ALLOCATIONS TO ACCOUNTS. 

 (a)      Individual Accounts. 
 The Committee
shall establish and maintain individual Accounts for each Participant in the Plan. Individual Accounts shall also be maintained for all former Participants who still have an interest in the Plan. Except as provided in Section 17(a) of the Plan,
such individual Accounts shall not require a segregation of the Trust assets and no Participant, former Participant or Beneficiary shall acquire any right to or interest in any specific asset of the Trust as a result of the allocation provided for
in the Plan. 
 (b)      Company Stock Account. 

(1)      The Company Stock Account of each Participant will be credited as of each Anniversary Date with
the Participant’s allocated share of Company Stock (including fractional shares) purchased and paid for by the Trust or contributed in kind by the Company, with Forfeitures of Company Stock and with stock dividends on Company Stock held in the
Participant’s Company Stock Account. 
 Employer Securities acquired by the Trust with the proceeds of a Securities
Acquisition Loan shall be credited to a Suspense Account. For each Plan Year during the duration of the loan, the number of shares of Employer Securities to be released from said Suspense Account and allocated to the Company Stock Accounts of
Participants shall be determined pursuant to either the “General Rule” or the “Special Rule” described below as selected by the Committee for each Securities Acquisition Loan. Once the Committee has selected either the General
Rule or the Special Rule, that Rule shall be used exclusively for the allocation of shares of Employer Securities purchased with the proceeds of a particular Securities Acquisition Loan. 

(A)       General Rule: For each Plan Year during the duration of the loan, the Committee shall
withdraw from the Suspense Account a number of shares of Employer Securities equal to the total number of such shares held in the Suspense Account immediately prior to the withdrawal multiplied by a fraction: 

(i)       The numerator of which is the amount of principal and interest paid for the Plan Year; and

 (ii)      The denominator of which is the sum of the numerator plus the principal and interest
to be paid for all future years. 

  
 24 

 (B)       Special Rule: 

(i)       For each Plan Year, the Committee shall withdraw from the Suspense Account a number of
shares of Employer Securities equal to the total number of such shares held in the Suspense Account immediately prior to the withdrawal multiplied by a fraction: 
 (aa)      The numerator of which is the amount of principal paid for the Plan Year; and 
 (bb)      The denominator of which is the sum of the numerator plus the principal to be paid for all future Plan Years. 

(ii)      The Committee may select the Special Rule only if: 

(aa)      The Securities Acquisition Loan provides for annual payments of principal and interest at a
cumulative rate which is not less rapid at any time than level annual payments of such amounts for ten (10) years; 

(bb)      The interest included in any payment is disregarded only to the extent that it would be
determined to be interest under standard loan amortization tables; and 
 (cc)      By reason of a
renewal, extension or refinancing, the sum of the expired duration of the original loan, any renewal period, any extension period and the duration of any new loan does not exceed 10 years. 

(C)       In determining the number of shares to be released for any Plan Year under either the
General Rule or the Special Rule: 
 (i)      The number of future years under the Loan must be
definitely ascertainable and must be determined without taking into account any possible extensions or renewal periods; 

(ii)     If the Loan provides for a variable interest rate, the interest to be paid for all future Plan Years
must be computed by using the interest rate applicable as of the end of the Plan Year for which the determination is being made; and 
 (iii)    If the Employer Securities allocated to the Suspense Account includes more than one class of shares, the number of shares of each class to be withdrawn for a Plan Year from
the Suspense Account must be determined by applying the applicable fraction provided for above to each such class. 

  
 25 

 (2)      Allocations of Company Stock shall be reflected
separately for each class of such stock, and the Committee shall maintain adequate records of the aggregate cost basis of Company Stock allocated to each Participant’s Company Stock Account. 

(c)      Other Investments Account. 

The Other Investments Account of each Participant will be credited with all cash, Contributions and Forfeitures, and will be credited (or
debited) as of each Anniversary Date with the Participant’s share of the net income (or loss) of the Trust, and with cash dividends on Company Stock (not distributed to Participants) nor used to make payments on a Securities Acquisition Loan.
The Other Investments Account of each Participant will be credited (or debited) as of each Anniversary Date with the Participant’s share of the unrealized appreciation (or depreciation) in the value of Trust assets other than Company Stock. It
will be debited for any payments for purchases of Company Stock or for repayment of debt (including principal and interest) incurred for the purchase of Employer Securities. 

  
 26 

	Section 8.	EXPENSES OF THE PLAN AND TRUST. 

 Normal brokerage charges which are included in the cost of securities purchased (or charged to proceeds in the case of sales) shall be paid by the Trust. The Company shall pay all expenses in connection
with the design, establishment, or termination of the Plan. The Trust shall pay all costs of administering the Plan and Trust, unless such expenses are paid by the Company. 

  
 27 

	Section 9.	VOTING COMPANY STOCK. 

 All Company Stock held by the Trust shall be voted by the Trustee in accordance with instructions from the Committee. Notwithstanding the foregoing, Participants and/or Beneficiaries shall be entitled to
direct the voting of any voting shares of Company Stock allocated to their Company Stock Accounts with respect to any vote required for the approval or disapproval of any corporate merger or consolidation, recapitalization, reclassification,
liquidation, dissolution, sale of substantially all the assets of a trade or business, or other similar transactions prescribed by regulation. In accordance with instructions from the Committee, the Trustee shall vote any unallocated shares held by
the Trust as well as any allocated shares for which a Participant has failed to give timely voting direction. 

  
 28 

	Section 10.	DISCLOSURE TO PARTICIPANTS. 

 (a)      Summary Plan Description. 
 The
Committee shall furnish each Participant (and each Beneficiary receiving benefits under the Plan) with a summary plan description in such form and at such times as required by Sections 102(a)(1) and 104(b)(1) of ERISA and the Department of Labor
Regulations thereunder. Such summary plan description shall be updated from time to time as required under ERISA and the Department of Labor regulations thereunder. 
 (b)      Summary Annual Report. 
 The
Committee shall furnish each Participant (and each Beneficiary receiving benefits under the Plan) with a summary annual report of the Plan in such form and at such times as required by Section 104(b)(3) of ERISA and the Department of Labor
Regulations thereunder. 
 (c)      Annual Statement. 

As soon as possible after each Anniversary Date, Participants will receive a written statement of their Accounts showing as of that
Anniversary Date: 
 (1)      The balance in each of their Accounts as of the preceding
Anniversary Date. 
 (2)      The amount of Contributions and Forfeitures allocated to their
Accounts for the year. 
 (3)      The adjustments to their Accounts to reflect their share of
dividends and the income and expenses of the Trust for the year. 
 (4)      The new balances in
each of their Accounts, including the number of shares of Company Stock. 
 (5)      The vested
percentage of their Plan Benefit. 
 Upon the discovery of any error or miscalculation in an Account, the Committee shall
correct the same insofar as, in the Committee’s discretion, correction is feasible. Statements to Participants are for reporting purposes only, and no allocation, valuation or statement shall, by itself, vest any right or title in any part of
the Trust fund. 
 (d)      Notice of Rollover Treatment. 

The Committee shall, when making any distribution which qualifies as a qualifying rollover distribution under Section 402(c) or
Section 401(a)(31) of the Code, provide a written notice to the recipient which explains the provisions of Sections 402(c) and 401(a)(31) 

  
 29 

 
under which such distribution will not be subject to current tax if transferred to an Eligible Retirement Plan. In the case of a distribution under Section 402(c), such notice shall be given
not less than thirty (30) days nor more than one hundred eighty (180) days before the distribution date. If the distribution is one to which Sections 401(a)(11) and 417 of the Internal Revenue Code do not apply, such distribution may
commence less than thirty (30) days after the notice required under Section 1.411(a)11(c) of the Income Tax Regulations is given, provided that: 
 (1)      the Committee clearly informs the Participant that the Participant has a right to a period of at least thirty (30) days after receiving the notice to consider
the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and 

(2)      the Participant, after receiving the notice, affirmatively elects a distribution. 

(e)      Additional Disclosure. 

The Committee shall make available for examination by any Participant (or Beneficiary) copies of the summary plan description, the Plan,
the Trust Agreement and the latest annual report of the Plan filed with the Department of Labor. Upon written request of any Participant (or Beneficiary), the Committee shall furnish copies of such documents and may make a reasonable charge to cover
the cost of furnishing such copies, as provided in regulations of the Department of Labor. 

  
 30 

	Section 11.	ALLOCATION OF CONTRIBUTIONS AND FORFEITURES. 

 (a)      Allocation of Contributions and Forfeitures. 
 The allocation will be made as follows: 

(1)      Contributions. 
 Contributions will be allocated as of each Anniversary Date among the Accounts of Participants who meet the requirements of Section 4 of the Plan, in the proportion that each such Participant’s
Covered Compensation bears to the total Covered Compensation of all such Participants for that year. Shares of Employer Securities released from the Suspense Account (as provided in Section 7(b) of the Plan) by reason of the payment of interest
and principal on a Securities Acquisition Loan shall be allocated as of each Anniversary Date among the Accounts of Participants in the Plan who meet the requirements of Section 4 of the Plan, in the proportion that each such Participant’s
Covered Compensation bears to the total Covered Compensation of all such Participants for that year. 

(2)      Forfeitures. 
 Forfeitures shall be allocated in the same manner as Contributions are allocated. 

(3)      Net Income (or Loss) of the Trust. 

The net income (or loss) of the Trust will be determined annually as of each Anniversary Date. Any stock dividends on shares of Company
Stock held by the Trust shall be allocated to each Participant’s Company Stock Account in the ratio in which the cumulative number of shares allocated to the Participant’s Company Stock Account as of the preceding Anniversary Date bears to
the total cumulative number of shares of Company Stock allocated to the Company Stock Accounts of all Participants as of that date. 
 Trust income attributable to any cash dividends paid on allocated shares of Company Stock and not used to make payments on a Securities Acquisition Loan shall be allocated to each Participant’s Other
Investments Account in the ratio in which the cumulative number of shares allocated to the Participant’s Company Stock Account as of the preceding Anniversary Date bears to the total cumulative number of shares of Company Stock allocated to the
Company Stock Accounts of all Participants as of that date. Trust income attributable to allocated shares of Company Stock and used to make payments on a Securities Acquisition Loan, shall release shares of Employer Securities from the Suspense
Account. Such shares shall 

  
 31 

 
be allocated to each Participant’s Company Stock Account in the ratio in which the cumulative number of shares allocated to the Participant’s Company Stock Account as of the preceding
Anniversary Date bears to the total cumulative number of shares of Company Stock allocated to the Company Stock Accounts of all Participants as of that date. However, in the case of cash dividends on allocated shares, Employer Securities in an
amount equal to such cash dividends will be allocated to such Participants for the year in which such cash dividends would otherwise have been allocated to such Participants. Trust income attributable to any cash dividends paid on unallocated shares
of Company Stock and not used to make payments on a Securities Acquisition Loan, shall be allocated to each Participant’s Other Investments Account in accordance with Subsection 11(a)(1) of the Plan. Trust income attributable to cash dividends
paid on unallocated shares of Company Stock and used to make payments on a Securities Acquisition Loan, shall release shares of Employer Securities which shall be allocated to Participant’s Company Stock Account in accordance with Subsection
11(a)(1) of the Plan. 
 Trust income attributable to any gain from the sale of unallocated shares of Employer Securities shall
be allocated to each Participant’s Other Investments Account in the proportion that each such Participant’s Covered Compensation for the Plan Year bears to the total Covered Compensation of all such Participants for that Plan Year. All
other net income (or loss) will be allocated to each Participant’s Other Investments Account in the ratio in which the balance of the Participant’s Other Investments Account on the preceding Anniversary Date bears to the sum of the
balances of the Other Investments Accounts of all Participants on that date. For this purpose, Account balances shall be reduced by amounts distributed to Participants during the Plan Year. 

The net income (or loss) includes the increases (or decreases) in the fair market value of assets of the Trust, interest, dividends,
other income and expenses attributable to assets in the Other Investments Accounts since the preceding Anniversary Date. Net income (or loss) does not include the interest paid under any installment contract for the purchase of Company Stock by the
Trust or on any loan obtained by the Trust to purchase Company Stock. Notwithstanding the foregoing, no income (or loss) shall be allocated to a Participant’s Account for the Plan Year in which the Participant receives final distribution of the
Plan Benefit. 

  
 32 

 (b)      Allocation Limitations. 

(1)      Except to the extent permitted under Section 414(v) of the Code, if applicable, the Annual
Addition that may be contributed or allocated to a Participant’s Account under the Plan for any Limitation Year shall not exceed the lesser of: 
  

	 	(i)	$49,000, as adjusted for increases in the cost-of-living under Section 415(d) of the Code, or 

 

	 	(ii)	100 percent of the Participant’s Total Compensation for the Limitation Year. 

The compensation limit referred to in (ii) shall not apply to any Contribution for medical benefits after separation from service
(within the meaning of Section 401(h) or Section 419(A)(f)(2) of the Code) which is otherwise treated as an Annual Addition. 
 A Participant’s allocable share of Contributions applied to the payment of interest on a Securities Acquisition Loan and Forfeitures of Employer Securities purchased with the proceeds of a Securities
Acquisition Loan shall not be included as an Annual Addition (in accordance with Code Section 415(c)(6)), provided that no more than one-third
( 1/3) of the Contribution for that year is
allocated to the Accounts of Highly Compensated Employees. 
 The Annual Additions under Section 11(b) with respect
to Employer Securities released from the Suspense Account (by reason of Contributions used for payments on a Securities Acquisition Loan) and allocated to Participants’ Company Stock Accounts shall be based upon the lesser of (A) the
amount of such Contributions, or (B) the fair market value of such Employer Securities (determined by an Independent Appraiser) as of the Allocation Date. Annual Additions shall not include any allocation attributable to proceeds from the sale
of Employer Securities by the Trust or to appreciation (realized or unrealized) in the fair market value of Company Stock. 

(2)      If an Employer is contributing to another defined contribution plan, as defined in
Section 414(i) of the Code, for Employees of the Company or any Affiliated Company, some or all of whom may be Participants in this Plan, then any such Participant’s Annual Additions in such other plan shall be aggregated with the
Participant’s Annual Additions derived from this Plan for purposes of the limitation in Paragraph (1) of this Subsection. 
 (3)      If the Account balances or the Annual Additions to a Participant’s Accounts would exceed the limitation described in Paragraphs (1) or (2) of this
Subsection, the 

  
 33 

 
aggregate of the Annual Additions to this Plan shall be reduced until the applicable limitation is satisfied. 
 (4)      If the reduction described above will be made to this Plan, the reduction shall be treated the same as Forfeitures and shall be allocated in accordance with
Section 11(a)(2) of the Plan to the Accounts of Participants who are not affected by this limitation. 

(5)      In the case of a sale in which a seller elects nonrecognition of gain under Section 1042 of
the Code, no portion of such Qualified Employer Securities (as defined in Section 2 of the Plan) may be allocated to the Account of (i) the seller (or the seller’s family) during the nonallocation period or (ii) any other person
who owns (after application of the family attribution rules) more than twenty-five percent (25%) of any class of outstanding Company Stock, or more than twenty-five percent (25%) of the total value of any class of outstanding Company
Stock, at any time during the one (1) year period preceding the purchase of such Qualified Employer Securities by the Plan, or on any subsequent date when such Qualified Employer Securities are allocated to Participants in the Plan. For
purposes of this Paragraph, the seller’s family shall include the seller’s spouse, ancestors, lineal descendants, and brothers and sisters. Notwithstanding the foregoing, lineal descendants of a seller shall be permitted to share in the
allocation of Qualified Employer Securities, provided that the aggregate amount of such stock allocated for the benefit of all such lineal descendants does not exceed more than five percent (5%) of such stock purchased from the seller. For
purposes of this Paragraph, a person shall be considered to be a more than twenty-five percent (25%) shareholder if the amount of Company Stock which such person owns (whether outright or as a Plan Participant), together with the amount of
Company Stock owned by such person’s spouse, children, grandchildren and parents (whether outright or as Plan Participants), exceeds twenty-five percent (25%) of any class of outstanding Company Stock or twenty-five percent (25%) of
the total value of any class of outstanding Company Stock. For purposes of this Paragraph, the “nonallocation period” means the period beginning on the date of the sale and ending on the later of (i) the date which is ten
(10) years after the date of sale, or (ii) the date of the Plan allocation attributable to the final payment of the Securities Acquisition Loan. 

  
 34 

	Section 12.	DETERMINATION OF PLAN BENEFITS. 

 (a)      Vesting at Death, Disability or Retirement. 
 A Participant who, while employed with the Company, dies or attains Normal Retirement Age or incurs a Disability, will be one hundred percent (100%) vested in such Participant’s Plan Benefit.

 Any amount credited to a Participant’s Accounts in accordance with Section 4 of the Plan for the Plan Year in which
such Participant dies or attains Normal Retirement Age or incurs a Disability, shall also be nonforfeitable. 

(b)      Determination of Plan Benefits in Connection with Qualified Military Service. 

Notwithstanding any provision of this Plan to the contrary, benefits and service credit with respect to qualified military service (as
such term is defined in Section 414(u) of the Code) will be provided in accordance with Section 414(u) of the Code, and in accordance with the provisions of this Section 12(b). 

Effective as of January 1, 2007, a Participant who dies while performing qualified military service (as such term is defined in
Section 414(u) of the Code) will be treated as having died while employed by the Company for purposes of Plan Sections 12 and 13 regarding vesting and Plan Section 14 regarding distribution of benefits. 

  
 35 

	Section 13.	TERMINATION OF SERVICE PRIOR TO RETIREMENT, AND FORFEITURES 

 (a)      Vesting Schedule. 
 Except as
provided in Section 12 of the Plan, the vesting of such Participant’s Plan Benefit will be based upon Years of Service, as defined in Section 2 of the Plan, in accordance with the following vesting schedule: 

 

			
	 Years of Service
	  	Percentage of Accounts Vested
		
	 Less than Three Years
	  	    0
	 Three Years
	  	  20
	 Four Years
	  	  40
	 Five Years
	  	  60
	 Six Years
	  	  80
	 Seven Years
	  	100

 Notwithstanding the foregoing vesting schedule, in accordance with the requirements of PPA ‘06,
effective for all Plan Years beginning on or after January 1, 2007, provided a Participant has at least one Hour of Service under the Plan beginning on January 1, 2007, such Participant’s Plan Benefit will be vested based on the
following schedule: 
  

			Percentage of Accounts Vested
	 Less than Two Years
	  	    0
	 Two Years
	  	  20
	 Three Years
	  	  40
	 Four Years
	  	  60
	 Five Years
	  	  80
	 Six Years
	  	100

 The computation of a Participant’s nonforfeitable percentage of the Participant’s interest in
the Plan shall not be reduced as the result of any direct or indirect amendment to this Plan. For this purpose, the Plan shall be treated as having been amended if the Plan provides for an automatic change in vesting due to a change in top heavy
status. (See Section 21(e) of the Plan). In the event that the Plan is amended to change or modify any vesting schedule, a Participant with at least three (3) Years of Service as of the expiration date of the election period may elect to
have such Participant’s nonforfeitable percentage computed under the Plan without regard to such amendment. If a Participant fails to make such election, then such Participant shall be subject to the new vesting schedule. The Participant’s
election period shall commence on the adoption date of the amendment and shall end sixty (60) days after the latest of: 

(1)    the adoption date of the amendment, 

  
 36 

 (2)    the effective date of the amendment, or 

(3)    the date the Participant receives written notice of the amendment from the Employer or Committee. 

Notwithstanding the foregoing, pursuant to applicable Treasury Regulations, no election need be provided for any Participant whose
nonforfeitable percentage under the Plan, as amended, at any time cannot be less than such percentage determined without regard to such amendment. 
 (b)      Vesting Upon Reemployment. 
 If a
Participant is reemployed by the Company following a Break in Service, such Participant’s Accounts shall be vested as follows: 
 (1)      Vesting of Pre-Break in Service Account Balances. 
 If a Participant has had five (5) consecutive one-year Breaks in Service, Years of Service after such five-year period will not be taken into account for purposes of determining a Participant’s
vested interest in the Participant’s prebreak Account balances and new Accounts will be established to record the Participant’s interest in the Plan for service after such five-year period. 

(2)      Vesting of Subsequent Account Balances. 

(A)      In the case of a Participant who, at the time of a Break in Service, does not have any vested
right under Paragraph (a) above, Years of Service before such Break in Service shall not be taken into account unless such Participant returns to work for the Employer and completes one (1) Year of Service. Notwithstanding the foregoing,
Years of Service before such Break in Service shall not be taken into account for purposes of determining a Participant’s vested interest in the Participant’s postbreak Accounts if the number of consecutive one-year Breaks in Service
equals or exceeds five (5) years. 
 (B)      In the case of a Participant who, at the time
of a Break in Service, had any partial degree of vested interest under Paragraph 13(a) above, upon reemployment with the Employer, for purposes of determining the Participant’s vested interest in his or her postbreak Account balances, such
Participant shall be credited with all Years of Service prior to the Break in Service. 

  
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 (c)      Forfeitures. 

Forfeitures shall be charged first against a Participant’s Other Investments Account, second against Company Stock which was not
acquired with the proceeds of a Securities Acquisition Loan, and third against Company Stock acquired with a Securities Acquisition Loan. If a portion of a Participant’s Account is to be forfeited and interests in more than one class of
Employer Securities have been allocated to a Participant’s Account, the Participant shall forfeit the same percentage of each such class. The disposition of such Forfeitures shall be as follows: 

(1)      If a Participant has incurred five consecutive one-year Breaks in Service and has not received a
“cash-out distribution” (as defined below), the nonvested balance of the Participant’s Accounts shall be allocated as a Forfeiture as soon as possible after the close of the Plan Year in which the Participant incurs a five-year Break
in Service. 
 (2)      If a Participant who is not one hundred percent (100%) vested
receives a distribution of a Plan Benefit, which is not a “cash-out distribution” (as defined below), prior to the occurrence of a five-year Break in Service, and such Participant returns to work for the Employer, the portion of the
Participant’s Accounts which was not vested shall be maintained separately (from any additional contributions to this Plan) until such Participant becomes one hundred percent (100%) vested. Such Participant’s vested and nonforfeitable
percentage in such separate Accounts upon any subsequent termination of service shall be equal to: 
   X –
Y  
 100% - Y 
 For purposes of applying this formula, X is the vested percentage at the time of the subsequent termination, and Y is the vested percentage at the time of the prior termination. Separate Accounts shall
share in the allocation of Trust income or loss on every Anniversary Date prior to Forfeiture, but such accounts shall not share in allocation of Trust income or loss on the Anniversary Date on which they are forfeited. 

(3)      If a Participant receives a “cash-out distribution” (as defined below), such Participant
shall incur a Forfeiture immediately upon receipt of the “cash-out distribution.” The nonvested balance of the Participant’s Accounts shall be allocated as a Forfeiture as of the Anniversary Date coinciding with or following the date
such Participant incurred a one-year Break in Service or received the cash-out distribution, whichever is later. 

  
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 (d)      Cash-Out Distribution. 

If a partially vested Participant receives a cash-out distribution, the cash-out distribution will result in a Forfeiture of the
nonvested portion of the Participant’s Accounts. A “cash-out distribution” is a distribution of the entire vested portion of a Participant’s Accounts that is made before the Participant incurs five (5) consecutive one-year
Breaks in Service. 
 If any former Participant shall be reemployed by the Employer before five (5) consecutive one-year
Breaks in Service, and such former Participant had received a cash-out distribution prior to reemployment, the forfeited portion of such Participant’s Accounts shall be reinstated only if the Participant repays the full amount distributed to
such Participant. Such repayment must be made by the former Participant before the Participant incurs five (5) consecutive one-year Breaks in Service following the date of distribution and before the five-year anniversary of his reemployment
date. In the event the former Participant does repay the full amount distributed to such Participant, the undistributed portion of the Participant’s Accounts must be restored in full, unadjusted by any gains or losses occurring subsequent to
the Anniversary Date preceding the Participant’s termination. Restoration of a Participant’s Accounts shall include restoration of all Code Section 411(d)(6) protected benefits with respect to such restored amounts. 

If the Participant repays the amount distributed to such Participant within the required time period, the Committee shall restore the
forfeited portion of the Participant’s Accounts as of the Anniversary Date coinciding with or following the repayment. Such amount shall be restored, to the extent necessary, in the following manner: 

(A)      first from current-year Forfeitures; 

(B)      second from current-year Trust earnings; and 

(C)      third from current-year Contributions. 

To the extent the amounts described in clauses (A), (B) and (C) are insufficient to enable the Committee to make the required
restoration, the Employer must contribute the additional amount necessary to enable the Committee to make the required restoration. 
 A terminated Participant who is zero percent (0%) vested shall be deemed to have received a cash-out distribution as of the day on which the Participant separates from service with the Employer. For
purposes of applying the restoration provisions of this Paragraph, the 

  
 39 

 
Committee will treat a zero percent (0%) vested Participant as repaying the Participant’s cash-out distribution on the first day of reemployment with the Employer. 

  
 40 

	Section 14.      	DISTRIBUTION OF PLAN BENEFIT. 

 (a)       Death, Disability or Retirement. 
 In the event of a Participant’s separation from service due to death, Disability or after attaining Normal Retirement Age, subject to Subsection 14(e) of the Plan, distribution of a
Participant’s Plan Benefit shall commence during the following Plan Year as shown below, beginning not later than one (1) year after the close of the Plan Year in which such event occurs. 

 

	 	(1)	Company Stock Account and Other Investments Account (Exceeding $5,000). 

 Distribution of the Company Stock Account and Other Investments Account will be made in substantially equal annual installments over a period of five (5) years. Notwithstanding the foregoing, the
period over which distribution of a Participant’s Accounts is to occur may be increased by one year, up to five additional years, for each $195,000 (or fraction thereof) by which the total balance of the Participant’s Accounts exceeds
$985,000. The aforementioned dollar amounts shall be subject to cost-of-living adjustments as prescribed by the Secretary of the Treasury. 
  

	 	(2)	Company Stock Account and Other Investments Account ($5,000 or Less). 

 Notwithstanding the foregoing, if the total vested value of a Participant’s Company Stock Account and Other Investments Account is five thousand dollars ($5,000) or less, distribution shall be made
in a lump sum. 
 (b)       Other Termination of Participation. 

 In the event a Participant’s employment terminates for reasons other than death, Disability or prior to attaining Normal
Retirement Age, subject to Subsection 14(e) of the Plan, the Participant’s vested Plan Benefit will be distributed as follows: 
  

	 	(1)	Company Stock Account and Other Investments Account (Exceeding $5,000). 

 If a Participant is not reemployed before the end of the fifth (5th) Plan Year following the Plan Year in which the Participant’s employment terminates, distribution of the Participant’s
Company Stock Account and Other Investments Account will commence as soon as administratively feasible during the sixth (6th) Plan Year following the Plan Year in which the Participant’s employment terminates. Distribution of such Accounts
will be made in 

  
 41 

 
substantially equal annual installments over a period of five (5) years. Notwithstanding the foregoing, the period over which distribution of a Participant’s Accounts is to occur may be
increased by one year, up to five additional years, for each $195,000 (or fraction thereof) by which the total balance of the Participant’s Accounts exceeds $985,000. The aforementioned dollar amounts shall be subject to cost-of-living
adjustments as prescribed by the Secretary of the Treasury. 
 Notwithstanding any of the provisions of this Subsection 14(b),
the Plan shall not be required to distribute any Employer Securities acquired with the proceeds of a Securities Acquisition Loan until the close of the Plan Year in which such Securities Acquisition Loan has been repaid in full. 

Notwithstanding anything in this Section 14 to the contrary, in the event a Participant’s employment is terminated for reasons
other than death, Disability or prior to the attainment of Normal Retirement Age, subject to Section 14(e) of the Plan, distribution of the Participant’s Plan Benefit shall commence no later than one (1) year after the close of the
Plan Year in which the earliest of the following events occurs: 
 (A)      the Participant’s
Normal Retirement Age; or 
 (B)      the Participant’s death; or 

(C)      the Participant’s Disability. 

 

	 	(2)	Company Stock Account and Other Investments Account ($5,000 or Less). 

 If the total vested value of a Participant’s Company Stock Account and Other Investments Account is five thousand dollars ($5,000) or less, distribution shall be made in a lump sum as soon as
administratively feasible after the close of the Plan Year in which the Participant’s employment terminates. 

(c)      Death Prior to Completion of Distribution. 

If a Participant dies after the distribution of the Plan Benefit has commenced, the remaining portion of the Plan Benefit shall be
distributed (in accordance with Subsection 15(b) of the Plan) at least as rapidly as under the method being used at the date of the Participant’s death. 

  
 42 

 (d)      Valuation Date. 

All Accounts shall be valued as of the appropriate Valuation Date. The Company or the Committee may require other valuations from time to
time as necessary. Any valuation of Company Stock contributed to or purchased by the Plan shall be determined by the Committee based on a valuation by the Independent Appraiser (as defined in Section 401(a)(28) of the Code). 

(e)      Consent and Notice Requirements. 

If the Participant’s nonforfeitable account balance exceeds one thousand dollars ($1,000) at the time of the distribution, any
distribution prior to the later of age sixty-two (62) or the Participant’s Normal Retirement Age may be made only with the written consent of the Participant. For purposes of this Subsection 14(e), the distribution of a Participant’s
nonforfeitable account balance which does not exceed one thousand dollars ($1,000), which is made without the Participant’s consent, shall be referred to as an “involuntary distribution.” For purposes of this Subsection 14(e), the
Participant’s nonforfeitable account balance shall be determined by including that portion of the Participant’s nonforfeitable account balance, if any, attributable to any rollover contributions (and earnings allocable thereto) within the
meaning of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the Code. 
 The Committee shall provide
the Participant with a written notice which explains the provision of Section 411(a)(11), not less than thirty (30) days nor more than one hundred eighty (180) days before the distribution date. If the distribution is one to which
Sections 401(a)(11) and 417 of the Internal Revenue Code do not apply, such distribution may commence less than thirty (30) days after the notice required under Section 1.411(a)-11(c) of the Income Tax Regulations is given, provided that:

 (1)      the Committee clearly informs the Participant that the Participant has a right to a
period of at least thirty (30) days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and 

(2)      the Participant, after receiving the notice, affirmatively elects a distribution. 

Failure of a Participant to consent to an immediate distribution within the applicable time limit (other than an involuntary
distribution, as defined in this Subsection 14(e)) 

  
 43 

 
may be treated by the Employer as an election by the Participant to defer benefits to the later of age sixty-two (62) or the Normal Retirement Age of the Participant. 

(f)      Required Commencement of Benefit Distribution. 

(1)      Distribution of a Participant’s Plan Benefit shall commence not later than sixty
(60) days after the Anniversary Date coinciding with or next following the latest of (1) the Participant’s Retirement, (2) the tenth (10th) anniversary of the date the Participant became a Participant, or (3) the
Participant’s separation from service. 
 If the amount of a Participant’s Plan Benefit cannot be determined by the
Committee by the date on which a distribution is to commence, or the Participant cannot be located, distribution of the Participant’s Plan Benefit shall commence within sixty (60) days after the date on which the Participant’s Plan
Benefit can be determined or after the date on which the Committee locates the Participant. 

(2)      Pursuant to Section 401(a)(9) of the Code as amended by the Small Business Job Protection
Act, distribution of a Participant’s Plan Benefits is required to begin by April 1 of the calendar year following the later of (1) the calendar year in which the Participant attains age seventy and one-half (70 1/2) or (2) the calendar year in which the Participant
separates from service with the Employer. However, in the case of a five-percent (5%) owner (as defined in Section 416(i)(1)(B)(i) of the Code), distributions are required to begin no later than April 1 following the calendar year in
which the Participant attains age seventy and one-half (70 1/2). 
 Effective for purposes of determining required minimum
distributions for calendar years beginning with the 2003 calendar year, all required minimum distributions shall be determined and made in accordance with the final regulations under Code Section 401(a)(9), including the incidental death
benefit requirement in Code Section 401(a)(9)(G). Required minimum distributions will be made in accordance with Treasury Regulations 1.401(a)(9)-1 through 1.401(a)(9)-9. The provisions of this Plan reflecting Code Section 401(a)(9) shall
supersede any distribution options of the Plan to the extent those other distribution provisions are inconsistent with Code Section 401(a)(9). 
 Notwithstanding the foregoing, in accordance with the provisions of the Worker, Retiree and Employer Recovery Act of 2008 (“WRERA”), any required minimum distribution made in accordance with
this Section 14(f) of the Plan for calendar year 2009, shall be referred to for purposes of this Section and Section 14(h) of the Plan as a “2009 RMD”. Any 

  
 44 

 
such 2009 RMD shall be distributed in accordance with this Section 14(f), unless the Participant (or Beneficiary, if applicable) elects to waive such 2009 RMD in accordance with WRERA.

 (g)      Undistributed Accounts. 

Any part of a Participant’s Company Stock Account and Other Investments Account which is retained in the Trust after the Anniversary
Date coinciding with or immediately following the date on which the Participant terminates employment will continue to be treated as a Company Stock Account or as an Other Investments Account, as the case may be. Thus, the Other Investments Account
of a terminated Participant will be debited and the Participant’s Company Stock Account will be credited with such Participant’s share of any repurchases of Company Stock from other terminated Participants. However, except in the case of
reemployment (as provided for in Section 4 of the Plan), none of the Participant’s Accounts will be credited with any further Contributions or Forfeitures. 
 (h)      Optional Direct Transfer of Eligible Rollover Distributions. 
 A Distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the
Distributee in a Direct Rollover. 
 (i)       Lien on Distribution. 

Notwithstanding anything to the contrary herein, if, at the time of distribution, a Participant is indebted to the Trust, or has retained
in his or her possession money or property which properly belongs to the Trust, the Trust shall have a lien on such distribution pending the resolution of such ownership rights. The Trustee may exercise such lien either by directing the Company
secretary to withhold any stock transfer of title, or by withholding distribution of any stock or the value of any stock or other assets, pending resolution of such ownership rights. Notwithstanding the foregoing, Plan Benefits under this Plan may
not be assigned or alienated except to the extent allowable under Code Sections 401(a)(13) and 414(p). 

  
 45 

	Section 15.	HOW PLAN BENEFIT WILL BE DISTRIBUTED. 

 (a)      Form of Distribution. 
 Subject to a
Participant’s right to demand distribution of such Participant’s Company Stock Account and Other Investments Account entirely in the form of Employer Securities, as determined by the Company, the Trust may distribute such
Participant’s Plan Benefit entirely in cash or entirely in the form of Employer Securities, or a combination of each. Distributions made in the form of Employer Securities shall be made in the form of whole shares of Employer Securities and the
value of any fractional shares paid in cash or in the form of Employer Securities, as determined by the Company. However, if the Company’s charter or bylaws restrict ownership of substantially all outstanding Employer Securities to Employees or
to a trust under a qualified plan under Section 401(a) of the Code, or in the case of an Employer who elects to be treated as an S corporation, as defined in Code Section 1361(a)(1), distribution of Plan Benefits may be made entirely in
cash and Participants may not demand distribution of their Plan Benefit in the form of Employer Securities. During any such Plan Year when the Company is an S corporation or the Company’s charter or bylaws provide the restrictions described in
this paragraph, Employer Securities may be distributed by the Trust subject to the requirement that such stock shall be immediately resold to the Employer (or the Trust). 
 Any shares purchased by the Employer (or the Trust) pursuant to this Subsection shall be purchased at their fair market value. For purposes of this Section, fair market value shall be based upon the
appraised fair market value determined as of the Anniversary Date coinciding with or immediately preceding the date such shares are purchased. The appraised fair market value shall be determined by an Independent Appraiser and shall be based on all
relevant factors for determining the fair market value of securities. In the case of a purchase from a Disqualified Person, all purchases of Company Stock shall be made at prices which, in the judgment of an Independent Appraiser, do not exceed the
fair market value of such shares as of the date of the transaction. Such shares shall be purchased by notifying the Participant (or Beneficiary) in writing. 
 The terms of payment for the purchase of such shares of stock shall be set forth in the written statement delivered to the Participant (or Beneficiary) and may be either in a single payment or in up to
five (5) equal annual installments (with interest on the unpaid principal balance at a reasonable rate of interest). Payment for the purchase of such shares must 

  
 46 

 
commence within thirty (30) days after the Employer (or the Trust) notifies the Participant (or Beneficiary) of its intent to purchase the shares. If payment is made in installments,
adequate security and a reasonable rate of interest must be provided. 
 The Trustee will make distributions from the Trust in
accordance with the instructions from the Committee. 
 (b)      Beneficiaries. 

(1)      Designation. 
 Distribution will be made to the Participant if living, and if not, to the Participant’s Beneficiary. A Participant may designate a Beneficiary upon becoming a Participant and may change such
designation at any time by filing a written designation with the Committee. However, in order to be a valid designation, the written designation must be received by the Committee prior to the death of the Participant. Notwithstanding anything in
this Section 15 to the contrary, if a Participant is married, a Participant shall not designate anyone other than the Participant’s spouse as primary Beneficiary of the Participant’s Plan Benefit unless such spouse consents in writing
to such designation, such spouse acknowledges the effect of such election, and such writing is witnessed by a Plan representative or notary public and filed with the Committee. In the event a Participant is married, if such Participant becomes
divorced from his or her spouse, the divorce will negate the former spouse as a Beneficiary, unless the Participant reaffirms the former spouse as a Beneficiary with a written designation. 

(2)      Absence of Valid Designation. 

If, upon the death of a Participant, former Participant or Beneficiary, there is no valid designation of a Beneficiary on file with the
Company or the benefit is not claimed by any Beneficiary within a reasonable period of time after the death of the Participant, the benefit shall be paid to the Participant’s surviving spouse. If the Participant is not married or if the
Participant’s spouse does not survive the Participant, the benefit shall be paid to the Participant’s estate. 

(c)      Location of Participant or Beneficiary Unknown. 

If a Participant (or Beneficiary) who is entitled to a distribution cannot be located and after the Committee has made reasonable efforts
to locate the Participant, the Committee may choose to forfeit the Participant’s Plan Benefit and treat such amounts as a Forfeiture in accordance with Section 13 of the Plan at the time specified below. The Committee cannot

  
 47 

 
forfeit a missing Participant’s Plan Benefit (or, in the case of a deceased Participant, his or her Beneficiary) unless each of the methods described below proves ineffective in locating the
missing Participant. 
 The search methods for the missing Participants shall be as follows: 

 

	 	1)	Use of certified mail. 

	 	2)	Check related plan records. 

	 	3)	Check with designated Beneficiary. 

	 	4)	Use of either Internal Revenue Service (“IRS”) or Social Security Administration (“SSA”) letter-forwarding service. 

If the search methods listed above prove unsuccessful, the Committee may forfeit the Participant’s Plan Benefit. Such forfeiture
will occur as of the close of the Plan Year in which the Employer has completed all four of the search methods; provided that the forfeiture will not occur prior to the close of the 60th day after the letter has been submitted under the missing
participant service of the IRS or SSA. 
 If the Participant or Beneficiary makes a written claim for the forfeited Plan
Benefits subsequent to the forfeiture, the Employer shall cause the Plan Benefit to be reinstated in the following manner: 
  

	 	(A)	first from current Plan Year Forfeitures; 

  

	 	(B)	second from current Plan Year Trust earnings; and 

  

	 	(C)	third from current Plan Year Contributions. 

 To the extent the amounts described in clauses (A), (B) and (C) are insufficient to enable the Committee to make the required restoration, the Employer must contribute the additional amount
necessary to enable the Committee to make the required restoration. 
 (d)      Facility of
Payment. 
 When a person entitled to a distribution of benefits under the Plan is under legal disability, or, in the
Committee’s opinion, is in any way incapacitated so as to be unable to manage the person’s financial affairs, the Committee may direct the Trustee to pay the benefits to such person’s legal representative. Any payment made in
accordance with the preceding sentence shall be a full and complete discharge of any liability for such payment under the Plan. 

  
 48 

	Section 16.	RIGHTS AND OPTIONS FOR DISTRIBUTED SHARES OF COMPANY STOCK. 

 (a)      “Put” Option. 
 If the
distribution of the Plan Benefit is made in the form of shares of Company Stock, and if such Company Stock is not immediately repurchased by the Company (or the Trust), then the “Qualified Holder” (as defined below) of such stock shall be
granted, at the time that such shares are distributed to the Qualified Holder, an option to put the shares to the Company; provided, however, that all such shares are so put. The Company may permit the Trust to assume the rights and obligations of
the Company at the time the put option is exercised. The term “Qualified Holder” shall mean the Participant or Beneficiary receiving the distribution of such shares, and any other party to whom the shares are transferred by gift or by
reason of death. A put option shall provide that, for a period of sixty (60) days after such shares are distributed to a Qualified Holder (as defined above) (and, if the put is not exercised within such sixty (60) day period, for an
additional period of sixty (60) days in the following Plan Year), the Qualified Holder would have the right to have the Company purchase such shares at their fair market value, as defined in Subsection 15(a) of the Plan. Such put option shall
be exercised by notifying the Company in writing. 
 In the case of a lump sum distribution of Company Stock, and in the event
the put is exercised (as described herein), the terms of payment for the purchase of such shares of stock shall be as set forth in the put and may be paid either in a single payment or in up to five (5) equal annual installments (with interest
on the unpaid principal balance at a reasonable rate of interest), as determined by the Committee. Payment for the purchase of such shares must commence within thirty (30) days after the put is exercised. The period during which the put option
is exercisable does not include any time during which the distributee is unable to exercise it because the party bound by the put option is prohibited from honoring it by applicable federal or state law. If payment is made in installments, adequate
security and a reasonable rate of interest must be provided. In the case of an installment distribution, payment must be made within thirty (30) days after the put option is exercised with respect to any installment distribution of Company
Stock. 
 In the case of a purchase from a disqualified person (as defined in Section 4975(e)(2) of the Code), all
purchases of Company Stock shall be made at prices which, in the 

  
 49 

 
judgment of an Independent Appraiser, do not exceed the fair market value of such shares as of the date of the transaction. 

The requirements of this Subsection 16(a) shall not apply to the distribution of any portion of a Participant’s Plan Benefit which
has been diversified, distributed or transferred to another plan pursuant to the provisions of Subsection 17(a) hereof. 

(b)      Right of First Refusal. 

If the distribution of the Plan Benefit is made in the form of shares of Company Stock, and if such Company Stock is not immediately
repurchased by the Company (or the Trust), then such shares of Company Stock distributed by the Trust, are subject to a right of first refusal, until such time as such shares are publicly traded. Such a right shall provide that prior to any
subsequent transfer, the shares must first be offered by written offer to the Company, and then, if refused by the Company, to the Trust. In the event that the proposed transfer constitutes a gift or other such transfer at less than fair market
value, the price per share shall be determined by an Independent Appraiser (appointed by the Board of Directors) as of the Anniversary Date coinciding with or immediately preceding the date of exercise, except in the case of a transfer to a
disqualified person (as defined herein). 
 In the event of a proposed purchase by a prospective bona fide purchaser, the offer
by the Company shall be at the greater of fair market value, as determined by an Independent Appraiser as of the Anniversary Date coinciding with or immediately preceding the date of exercise (except in the case of a purchase by a disqualified
person), or at the price offered by the prospective bona fide purchaser. In addition, such offer must equal or exceed the other terms of the offer made by the prospective bona fide purchaser. In the case of a purchase by or transfer to a
disqualified person, fair market value shall be determined as of the actual date of the transaction. Valuations must be made in good faith and based on all relevant factors for determining the fair market value of securities. The Company may accept
the offer at any time during a period not exceeding fourteen (14) days after receipt of such offer. In the event the Company does not accept such offer, the Trust may accept such offer at any time during said fourteen (14) day period.

 In the case of a purchase by the Trust from a disqualified person, all purchases of Company Stock shall be made at prices
which, in the judgment of an Independent Appraiser, do not exceed the fair market value of such shares as of the date of the transaction. 

  
 50 

 (c)      Other Options. 

Except as otherwise provided in this Section 16, no security acquired with the proceeds of a Securities Acquisition Loan may be
subject to a put, call, buy-sell or similar arrangement while held by or when distributed from the Plan. 

  
 51 

	Section 17.	SPECIAL PROVISIONS. 

(a)       Diversification of Investments. 

Within ninety (90) days after the close of each Plan Year in the Qualified Election Period, each Qualified Participant shall be
permitted to direct the Plan as to the investment of not more than twenty-five percent (25%) of the shares of Employer Securities allocated to the Participant’s Company Stock Account (including shares that the Qualified Participant
previously elected to diversify pursuant to this Subsection), less the number of shares previously diversified pursuant to such Participant’s election under this Subsection. In the case of the sixth (6th) year of the Qualified Election
Period, the preceding sentence shall be applied by substituting “fifty percent (50%)” for “twenty-five percent (25%).” The Participant’s direction shall be completed no later than ninety (90) days after the close of the
ninety (90) day election period. 
 The Committee shall offer at least three investment options (not inconsistent with
regulations prescribed by the Internal Revenue Service) to each Participant who makes an election under this Subsection. 
 In
lieu of offering such investment options, the Committee may direct that all amounts subject to Participant elections under this Subsection be distributed to Qualified Participants. All such distributions shall be distributed within ninety
(90) days after the close of the ninety (90) day election period. Distributions shall be made in accordance with Section 15(a) of the Plan. 
 In lieu of receiving a distribution under this Subsection, a Qualified Participant may direct the Plan to transfer the distribution to another qualified plan of the Company which accepts such transfers,
provided that such plan permits employee-directed investments and does not invest in Employer Securities to a substantial degree. Such transfer shall be made within ninety (90) days after the close of the ninety (90) day election period.

 (b)      Cash Dividends. 

Cash dividends, if any, on shares of Company Stock allocated to Participants’ Accounts may be accumulated in the Trust or may be
paid to Participants currently as determined in the sole discretion of the Committee, exercised in a uniform and nondiscriminatory manner. It is intended that the Company shall be allowed a deduction with respect to any dividends paid on allocated
shares of Company Stock of any class held by the Plan on the record date to the extent such dividends are paid in cash directly to the Participants, or 

  
 52 

 
their Beneficiaries, or are paid to the Plan and are distributed from the Plan to the Participants or their Beneficiaries not later than ninety (90) days after the close of the Plan Year in
which paid; provided, however, that the Company shall not be required to pay or distribute any dividends with respect to the nonvested portion of the Company Stock Account of a Participant who has terminated employment prior to the date such
dividends are paid directly to Participants, or are distributed from the Plan to the Participants. It is also intended that the Company shall be allowed a deduction for any dividends used to make payments on a Securities Acquisition Loan the
proceeds of which were used to acquire the Employer Securities (whether or not allocated) with respect to which the dividend is paid, provided that in the case of dividends paid on allocated shares, Employer Securities in an amount equal to such
dividends are allocated to such Participants for the year in which such dividends would otherwise have been allocated to such Participants. The Company shall be allowed a deduction for dividends paid only in the taxable year of the Company in which
the dividend is either paid to a Participant or Beneficiary or held to make payments on a Securities Acquisition Loan. 

  
 53 

	Section 18.	ADMINISTRATION. 

(a)      Named Fiduciaries for Administration of Plan and for Investment and Control of Plan Assets.

 (1)      Board of Directors. 

The Board of Directors shall have the following duties and responsibilities in connection with the administration of the Plan:

 (A)       Making decisions with respect to amending or terminating the Plan. 

(B)       Making decisions with respect to the selection, retention or removal of the Trustee and the
Committee. 
 (C)       Periodically reviewing the performance of the Trustee, the members of
the Committee, persons to whom duties have been allocated or delegated and any advisers appointed pursuant to paragraph (f)(1) below. 
 (D)       Determining the form and amount of Contributions. 
 The Board of Directors may by written resolution allocate its duties and responsibilities to one or more of its members or delegate such duties and responsibilities to any other persons; provided,
however, that any such allocation or delegation shall be terminable upon such notice as the Board of Directors deems reasonable and prudent under the circumstances. 
 (2)      Committee. 

(A)       General. 
 The Company shall administer the Plan and is designated as the “Plan Administrator” within the meaning of Section 3(16) of ERISA and Section 414(g) of the Code. The Committee and the
Company shall each be a “named fiduciary” within the meaning of Section 402 of ERISA, but each party’s role as a named fiduciary shall be limited solely to the exercise of its own authority and discretion, as defined under this
Plan, to control and manage the operation and administration of this Plan. A named fiduciary may designate other persons who are not named fiduciaries to carry out its fiduciary duties hereunder, and any such person shall become a fiduciary under
the Plan with respect to such delegated responsibilities. The members of the Committee shall be appointed by the Board of Directors and shall serve, without compensation, until such time as they resign, die or become incapable of exercising their
duties or are removed by the Board of Directors. All members of the Committee are designated as 

  
 54 

 
agents of the Plan for purposes of service of legal process. Any member may resign at any time by submitting an appropriate written instrument to the Company, and while any vacancy exists, the
remaining members of the Committee may perform any act which the Committee is authorized to perform. All decisions required to be made by the Committee involving the interpretation, application and administration of the Plan shall be resolved by
action of the Committee either at a meeting or in writing without a meeting. 

(B)       Duties and Responsibilities. 

The Committee shall have the following duties and responsibilities in connection with the administration of the Plan: 

(i)          Selecting, retaining and monitoring the Independent Appraiser. 

(ii)         In accordance with Section 14(d) of the Plan, determining the valuation of
Company Stock contributed to or purchased by the Plan, based on a valuation by an Independent Appraiser (as defined in Section 401(a)(28) of the Code). 
 (iii)        Directing the Trustee with respect to voting shares of Company Stock, in accordance with the provisions of Section 9 of the Plan. 

(iv)        Investing and controlling the Plan assets. 

(v)         Interpreting and construing the terms of the Plan and Trust Agreement.

 (vi)        Establishing and implementing a funding policy as described in Paragraph
(c) below. 
 (vii)       Determining the eligibility of Employees for participation in
the Plan. 
 (viii)      Determining the eligibility of Employees for benefits provided by the
Plan including such duties and responsibilities as are necessary and appropriate under the Plan’s claims procedures. 

(ix)        Making recommendations to the Board of Directors with respect to amendment or
termination of the Plan, including recommendations with respect to contributions under the Plan. 

(x)         Assuring that bonding requirements imposed by ERISA are satisfied. 

  
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 (xi)        Authorizing, allocating and reviewing
expenses incurred by the Plan. 
 (xii)       Communicating with Participants and other
persons. 
 (xiii)      Reviewing periodically any allocation or delegation of duties and
responsibilities and any appointment of advisers. 
 The Committee may establish rules and regulations and may take any other
necessary or proper action to carry out its duties and responsibilities. Notwithstanding the foregoing provisions, the Trustee shall have the primary responsibility for the withholding of income taxes from Plan distributions, for the payment of
withheld income taxes on Plan distributions to the Internal Revenue Service, and for notification to Participants of their right to elect not to have income tax withheld from Plan distributions. Compliance with record keeping and reporting
requirements of ERISA shall be the primary responsibility of the Company. 
 The Committee shall have full discretion to
construe and interpret the terms and provisions of this Plan, which interpretation or construction shall be final and binding on all parties including, but not limited to, the Company and any Participant or Beneficiary, except as otherwise provided
by law. The Committee shall administer such terms and provisions in a uniform and nondiscriminatory manner and in full accordance with any and all laws applicable to the Plan. When making a determination or calculation, the Committee shall be
entitled to rely upon information furnished by the Employer or anyone acting on behalf of the Employer. 

(C)       Allocation and Delegation of Responsibilities. 

The Committee may, by written resolution, allocate its administrative duties and responsibilities to one or more of its members or it may
delegate such duties and responsibilities to any other persons; provided, however, that any such allocation or delegation shall be terminable upon such notice as the Committee deems reasonable and prudent under the circumstances. 

(b)      Investment of Plan Assets. 

The Plan assets shall be invested and controlled by the Committee; provided, however, that the actual management of Trust investments,
other than Company Stock, may be delegated to the Trustee or may be delegated to one or more investment managers appointed by the Committee. Any investment manager appointed hereunder shall have the power to manage,

  
 56 

 
acquire or dispose of assets of the Plan and shall be either an investment adviser registered under the Investment Advisers Act of 1940, or a bank, as defined in that Act, or an insurance company
qualified to perform such services under the laws of one or more states. If an investment manager has been appointed, the Trustee shall neither be liable for acts or omissions of such investment manager nor be under any obligation to invest or
otherwise manage any asset of the Trust fund, nor shall the Committee be liable for any act or omission of the investment manager in carrying out such responsibility. The custody of Plan assets shall at all times be retained by the Trustee, unless
they consist of insurance contracts or policies issued and held by an insurance company authorized to conduct an insurance business in a state. In addition to appointment of investment managers, the Committee shall have the following duties and
responsibilities: 
 (1)      Periodically reviewing the investment of Plan assets and the
performance of the Trustee and any investment managers. With respect to the Trustee, the Committee shall advise the Board of Directors of any matters which might be relevant to the decision as to whether the services of the Trustee should be
retained. Based on its review, the Committee shall determine the desirability of appointing or retaining investment managers. 

(2)      Determining an investment policy to be followed with respect to the Plan assets and communicating
this policy to the person or persons responsible for investing the Plan assets. 
 The Committee may by written resolution, in
accordance with Section 405(c) of ERISA, allocate its investment duties and responsibilities to one or more of its members or delegate such duties and responsibilities to any other persons; provided, however, that any such allocation or
delegation shall be terminable upon such notice as the Committee deems reasonable and prudent under the circumstances. 

(c)      Funding Policy. 
 The funding policy of the Plan is to invest trust assets primarily in Company Stock over the life of the Plan. The Committee shall, from time to time, establish such investment methods as may be necessary
to accomplish this funding policy. 
 (d)      Claims Procedures. 

(1)      Procedure. Claims for benefits under the Plan shall be made in writing to the Committee.
The Committee shall have full discretion to render a decision with respect to any claim. If a claim for benefits is wholly or partially denied by the Committee, then the Committee 

  
 57 

 
must provide notice of its denial to the claimant (a “Notice of Denial”), which shall be written in a manner calculated to be understood by the claimant and which shall set forth:
(i) the specific reason or reasons for denial of the claim; (ii) a specific reference to the pertinent Plan provisions upon which the denial is based; (iii) a description of any additional material or information necessary for the
claimant to perfect the claim, together with an explanation of why the material or information is necessary; and (iv) appropriate information regarding the steps to be taken if the claimant wishes to submit his or her claim for review.

 (i)       Disability Claims. If a claim is related to any distribution or rights to
which a Participant or other claimant may be entitled in connection with the Participant’s termination of employment by reason of becoming disabled (“Disability Plan Benefits”) and the claim is wholly or partially denied by the
Committee, then the Committee shall provide the Notice of Denial within a reasonable period of time, not to exceed 45 days after receipt of the claim. This period within which the Committee must provide a Notice of Denial may be extended twice, for
up to 30 days per extension, provided that the Committee (i) determines that an extension is needed and beyond the control of the Plan, and (ii) notifies the claimant prior to the expiration of the initial 45-day period or of the first
30-day extension period. If the Committee shall fail to notify the claimant either that his or her claim for benefits has been granted or that it has been denied within the initial 45-day period or prior to the expiration of an extension, if
applicable, then the claim shall be deemed to have been denied as of the last day of the applicable period, and the claimant then may request a review of his or her claim. 
 (ii)      Other Claims. The Committee shall notify a claimant in writing of the denial of any claim not related to Disability Plan Benefits within a reasonable period
of time, not to exceed 90 days after receipt of the claim. If the Committee shall fail to notify the claimant either that his or her claim has been granted or that it has been denied within 90 days after the claim is received by the Committee, then
the claim shall be deemed to have been denied. 
 (2)      Procedure for Review of a Denied
Claim. 
 (i)      Disability Claims. If a claim is denied, a claimant may file a
written request with the Committee that it conduct a full and fair review of his or her claim, and the Committee then must make a determination with respect to its review of the denied claim. A claimant must file a written request for a review of a
claim for Disability Plan Benefits with the Committee within 180 days after the receipt by the claimant of a Notice of Denial of his or her 

  
 58 

 
claim or within 180 days after the claim is deemed to have been denied. The Committee’s decision with respect to its review of the denied claim shall be rendered not later than 45 days after
the receipt of the claimant’s request for a review, unless special circumstances require an extension of time for processing, in which case the 45-day period may be extended to 90 days if the Committee shall notify the claimant in writing
within the initial 45-day period and shall state the reason for the extension. 

(ii)      Other Claims. A claimant must file a written request for a review of any claim not related
to Disability Plan Benefits with the Committee within 60 days after the receipt by the claimant of a Notice of Denial of his or her claim or within 60 days after the claim is deemed to have been denied. The Committee’s decision with respect to
its review of the denied claim shall be rendered not later than 60 days after the receipt of the claimant’s request for a review, unless special circumstances require an extension of time for processing, in which case the 60-day period may be
extended to 120 days if the Committee shall notify the claimant in writing within the initial 60-day period and shall state the reason for the extension. 
 (3)      Review of Documents. In connection with a claimant’s appeal of a denial of his or her benefits (including Disability Plan Benefits), the claimant may
review pertinent documents and may submit issues and comments in writing. The Committee shall have full discretion to fully and fairly review the claim, and the Committee’s decision upon review shall (i) include specific reasons for the
decision, (ii) be written in a manner calculated to be understood by the claimant, and (iii) contain specific references to the pertinent Plan provisions upon which the decision is based. 

(e)      Qualified Domestic Relations Orders. 

(1)      In the case of any Domestic Relations Order received by the Plan, the Committee shall promptly
notify the Participant and any other Alternate Payee of the receipt of such order and of the Plan’s procedures for determining the qualified status of Domestic Relations Orders. Any Alternate Payee shall be permitted to designate a
representative for receipt of copies of notices that are sent to the Alternate Payee with respect to such order. The amount that would be payable to the Alternate Payee shall be segregated in a segregated account as of the first day of the Plan Year
during which the Domestic Relations Order is received by the Committee. Such segregated account shall continue to be treated in the same manner as the affected Accounts of the Participant, but will not be credited with any further Contributions or

  
 59 

 
Forfeitures. If the order is determined to be a qualified order within the eighteen (18) month period described below, the segregated amount (including any interest or earnings thereon)
shall continue to be treated as a segregated account in the name of the Alternate Payee. If the Committee determines that the order is not qualified, or if the Committee (or the appropriate court) is not able to resolve the issue within the eighteen
(18) month period, the segregated amount (including any interest or earnings thereon) shall be restored to the Participant. For purposes of this Paragraph, the “eighteen (18) month period” shall mean the eighteen (18) month
period beginning with the date on which the first payment would be required to be made under the Domestic Relations Order. 

(2)      In determining whether a Domestic Relations Order is qualified, the Committee shall follow the
procedures set forth in Section 18(d) above with respect to claims for Plan Benefits. 

(3)      A Domestic Relations Order will constitute a qualified Domestic Relations Order only if such order
(i) does not require the Plan to provide any type or form of benefit (or any option) not otherwise provided under the Plan, (ii) does not require the Plan to provide increased benefits, and (iii) does not require the payment of
benefits to an Alternate Payee which are required to be paid to another Alternate Payee under another order previously determined to be a qualified order. In addition, a Domestic Relations Order will constitute a qualified order only if such order
clearly specifies (i) the name and last known mailing address of the Participant and of each Alternate Payee covered by the order, (ii) the amount or the percentage of a Participant’s Plan Benefit that is to be paid to each Alternate
Payee, or the manner in which such amount or percentage is to be determined, (iii) the number of payments or the period to which such order applies, and (iv) each plan to which such order applies. 

(4)      In the case of any payment to an Alternate Payee before a Participant has separated from service,
the Plan shall not be required to make any payment to an Alternate Payee prior to the date the Participant attains (or would have attained) the Earliest Retirement Age. For purposes of this Paragraph, the term “Earliest Retirement Age”
means the earliest of (i) the date on which the Participant is entitled to a distribution under the Plan, or (ii) the later of the date the Participant attains age fifty (50) or the earliest date on which the Participant could begin
receiving benefit if the Participant separated from service. 

  
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 (f)      Indemnification of Certain Fiduciaries and
Insurance. 
 The Employer indemnifies and saves harmless the Trustee and the members of the Committee, and each of them,
from and against any and all loss resulting from liability to which the Trustee and the Committee may be subjected by reason of any act or conduct (except willful misconduct or gross negligence) in their official capacities in the administration of
this Plan, the Trust or both, including all expenses reasonably incurred in their defense, in case the Employer fails to provide such defense. The indemnification provisions of this Section 18(f) do not relieve the Trustee or any Committee
member from any liability he or she may have under ERISA for breach of a fiduciary duty. Furthermore, the Trustee and the Committee members and the Employer may execute a written agreement further delineating the indemnification agreement of this
Section 18(f), provided such agreement must be consistent with and does not violate ERISA. 
 The Employer (in its
discretion), the Committee or the Trustee may obtain a policy or policies of insurance for the Committee, the Trustee (and other fiduciaries of the Plan) to cover liability or loss occurring by reason of the act or omission of a fiduciary. If such
insurance is purchased with Trust assets, the policy must permit recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by such fiduciary. 

(g)      Independent Fiduciary. 

An Independent Fiduciary may be appointed from time to time for such purposes as shall be determined by the Employer. An Independent
Fiduciary may be appointed to serve in such capacity as may be deemed appropriate to act on behalf of the Plan and Trust with respect to issues which involve a real or perceived conflict of interest among certain parties, or for such other purposes
as the Employer may determine to be in the best interest of the Plan and Trust. The Independent Fiduciary shall be granted such power, authority and discretion as may be necessary and appropriate for it to carry out its duties and responsibilities,
including, but not limited to, any and all powers and discretion granted the Committee under the Plan and Trust. 

(h)      General. 
 (1)      The Board of Directors, the Committee or any person to whom duties and responsibilities have been allocated or delegated, may employ other persons for advice in
connection with their respective responsibilities, including actuaries, plan consultants, investment advisers, attorneys and accountants. 
 (2)      Any person may serve in more than one capacity with respect to the Plan. 

  
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 (3)      The Board of Directors and the Committee shall have
complete control with respect to the duties and responsibilities allocated to them under the terms of the Plan, with all power and discretion necessary to carry out any of their duties described herein. The decisions of the Board of Directors and
the Committee in matters within their jurisdiction shall be final, binding and conclusive upon each Employer, each Employee, Beneficiary and every other interested or concerned person or party. 

  
 62 

	Section 19.	AMENDMENT AND TERMINATION. 

 (a)      Amendment. 
 While the Company
expects and intends to continue the Plan, the Company reserves the right to amend the Plan from time to time by action of the Board of Directors. Notwithstanding the foregoing: 

(1)      An amendment may not change the duties and liabilities of the Committee or the Trustee without
notification to the Committee or the Trustee, whichever is applicable; 
 (2)      An amendment
shall not reduce the value of a Participant’s nonforfeitable benefits accrued prior to the later of the adoption or the effective date of the amendment; and 
 (3)      Except as provided in Section 19(d) herein, under no condition shall any amendment result in the return or repayment to the Employer of any part of the Trust or
the income therefrom or result in the distribution of the Trust for the benefit of anyone other than Employees and former Employees of the Employer and any other persons entitled to benefits under the Plan. 

The Board of Directors shall notify the Committee and the Trustee of any amendment of the Plan within a reasonable period of time.

 (b)      Changes in the Code. 

Any other provision of this Plan to the contrary notwithstanding, if any amendment to the Code requires that a conforming Plan amendment
must be adopted effective as of a stated effective date in order for this Plan to continue to be a qualified plan, this Plan shall be operated in accordance with the requirement of such amendment to that law until the date when a conforming Plan
amendment is adopted, or the date when a clear and unambiguous nonconforming Plan amendment is adopted, whichever occurs first. 

(c)      Termination, Partial Termination or Complete Discontinuance of Contributions. 

Although the Company has established the Plan with the bona fide intention and expectation that it will be able to make contributions
indefinitely, nevertheless, the Company shall not be under any obligation or liability to continue its contributions or to maintain the Plan for any given length of time. The Company may in its sole discretion discontinue such contributions or
terminate the Plan in whole or in part in accordance with its provisions at any time without any liability for such discontinuance or termination. In the event of a termination (as defined in Treasury Regulation Section 1.401-6(b)(1)) or
complete discontinuance of 

  
 63 

 
contribution, then the Accounts of all Participants affected by the termination or discontinuance of contributions will become nonforfeitable. In the event of a partial termination, the Accounts
of all Participants affected by the partial termination will become nonforfeitable. After termination of the Plan, the Trust will be maintained until the Plan Benefits of all Participants have been distributed. Plan Benefits may be distributed
following termination of the Plan or distributions may be deferred and distributed as provided in Section 14 of the Plan, as the Company shall determine. If Plan Benefits will be distributed after the Plan is terminated, the distribution may be
delayed until IRS approval is received. In the event that Company Stock is sold in connection with the termination of the Plan or the amendment of the Plan to become a qualified employee plan that is not a stock bonus plan, all Plan Benefits will be
distributed in cash. 
 (d)      Determination by Internal Revenue Service. 

Notwithstanding any other provision of the Plan, if the Internal Revenue Service shall fail or refuse to issue a favorable written
determination or ruling with respect to the initial qualification of the Plan and exemption of the Trust from tax under Section 501(a) of the Code, all Contributions under Section 401(a), together with any income received or accrued
thereon less any benefits or expenses paid shall, upon the written direction of the Company, be returned to the Company notwithstanding the provisions of the Trust, and the Trust shall then terminate. Any such Contribution returned to the Employer
must be returned within one (1) year after the date the initial qualification is denied, but only if the application for the qualification is made by the time prescribed by law for filing the Employer’s return for the taxable year in which
the Plan is adopted. 
 (e)      Return of Employer’s Contribution. 

Notwithstanding any other provision of the Plan, if a Contribution is conditioned on its deductibility and the deduction is disallowed or
if a Contribution is made due to a mistake of fact, such Contribution may be returned to the Employer if such Contribution is returned within one (1) year thereafter and if the amount returned does not exceed the excess of the actual
Contribution over the amount which would have been contributed had there been no error in determining the deduction or mistake of fact. Earnings of the Plan attributable to the excess Contribution may not be returned to the Employer, but any losses
attributable thereto must reduce the amount so returned. 

  
 64 

	Section 20.	MISCELLANEOUS. 

(a)      Participation by Affiliated Company. 

(1)      Any Affiliated Company presently existing or hereafter acquired may, with the consent of the
Company, adopt the Plan and Trust and thereby enable its employees to participate herein. 

(2)      In the event any Participant is transferred to an Affiliated Company which is a participating
Employer, such Participant shall continue to participate hereunder in the allocation of Contributions and the Participant’s Accounts shall continue to vest in accordance with Section 13 of the Plan. Any Participant who is transferred to an
Affiliated Company which is not a participating Employer shall be treated as a suspended Participant in accordance with Section 4(f) of the Plan. 
 (b)      Limitation of Rights; Employment Relationship. 
 All Plan Benefits will be paid only from the Trust assets and neither the Company nor any Employer nor the Committee nor the Trustee shall have any duty or liability to furnish the Trust with any funds,
securities or other assets except as expressly provided in the Plan. Nothing herein shall be construed to obligate any Employer to continue to employ any Employee. 
 (c)      Merger; Transfer of Assets. 
 In no
event shall this Plan be merged or consolidated with any other employee benefit plan, nor shall there be any transfer of assets or liabilities from this Plan to any other such plan, unless immediately after such merger, consolidation or transfer,
each Participant’s benefits, determined as if the plan had terminated, are at least equal to or greater than the benefits which the Participant would have been entitled to had this Plan been terminated immediately before such merger,
consolidation or transfer. 
 (d)      Prohibition Against Assignment. 

The Plan Benefits may not be assigned or alienated; provided, however, that a qualified Domestic Relations Order shall not be construed
as an assignment or alienation. Except for indebtedness to the Trust and orders to make payments or assign benefits to a spouse, former spouse, child or other dependent under a qualified Domestic Relations Order, neither the Company nor the Trustee
shall recognize any transfer, mortgage, pledge, hypothecation, order or assignment by any Participants or Beneficiaries of all or part of their interest hereunder, and such 

  
 65 

 
interest shall not be subject in any manner to transfer by operation of law, and shall be exempt from the claims of creditors or other claimants from all orders, decrees, levies, garnishment
and/or executions and other legal or equitable process or proceedings against such Participants or Beneficiaries to the fullest extent which may be permitted by law. Notwithstanding anything in Subsection 20(d) to the contrary, in accordance with
the provisions of Code Section 401(a)(13) as amended by the Taxpayer Relief Act of 1997, Plan Benefits may be reduced to satisfy a Participant’s liability to the Plan due to the Participant’s conviction of a crime involving the Plan,
a judgement, consent order, or decree in an action for violation of fiduciary standards; or a settlement involving the Department of Labor or the Employee Benefits Security Administration. 

(e)      Applicable Law; Severability. 

The Plan hereby created shall be construed, administered and governed in all respects in accordance with ERISA and to the extent not
superseded by federal law, in accordance with the laws of Delaware; provided, however, that if any provision is susceptible of more than one interpretation, such interpretation shall be given thereto as is consistent with the Plan being a qualified
employee stock ownership plan within the meaning of the Code. If any provision of this instrument shall be held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions hereof shall continue to be fully
effective. 

  
 66 

	Section 21.	TOP-HEAVY RULES. 

(a)      Purpose and Effect. 

The purpose of this Section 21 is to comply with the requirements of Section 416 of the Code. The provisions of this
Section 21 are effective for each Plan Year beginning on or after the Effective Date in which the Plan is a “Top-Heavy Plan” within the meaning of Section 416(g) of the Code. 

(b)      Top-Heavy Plan. 
 In general, the Plan will be a Top-Heavy Plan for any Plan Year if, as of the “Determination Date” (that is, the last day of the preceding Plan Year, or in the case of the first Plan
Year, the last day of such Plan Year), the sum of the amounts in paragraphs (i), (ii) and (iii) below for Key Employees exceeds sixty percent of the sum of such amounts for all Employees who are covered by this Plan or by a defined
contribution plan or defined benefit plan that is aggregated with this Plan in accordance with Section 21(d) herein: 
  

	 	(i)	The aggregate Account balances of Participants under this Plan. 

  

	 	(ii)	The aggregate Account balances of Participants under any other defined contribution plan included under Section 21(d) herein. 

 

	 	(iii)	The present value of the cumulative accrued benefits of Participants calculated under any defined benefit plan included in Section 21(d) herein.

 In making the foregoing determination: (i) a Participant’s Account balances or cumulative accrued
benefits shall be increased by the aggregate distributions, if any, made with respect to the Participant during the 1-year period (except with respect to distributions made for a reason other than death, Disability, or severance from employment, for
which the 5-year period shall continue to apply), ending on the Determination Date, including distributions under a terminated plan that, if it had not been terminated, would have been required to be included in the aggregation group, (ii) the
Account balances or cumulative accrued benefits of a Participant who was previously a Key Employee, but who is no longer a Key Employee, shall be disregarded, (iii) the Account balances or cumulative accrued benefits of a Beneficiary of a
Participant shall be considered Accounts or accrued benefits of the Participant, (iv) the Account balances or cumulative accrued benefits of a Participant who has not performed services for an Employer or an Affiliated Company at any time
during the 1-year period ending on the Determination Date shall be disregarded and (v) any rollover contribution (or similar transfer) 

  
 67 

 
from a plan maintained by a corporation other than an Employer under this Plan initiated by a Participant shall not be taken into account as part of the Participant’s aggregate Account
balances under this Plan. 
 (c)      Key Employee. 

In general, a “Key Employee” is an Employee (or a former or deceased Employee) who, at any time during the Plan Year, is
or was: 
  

	 	(i)	an officer of the Employer having annual compensation greater than $160,000, as adjusted from time to time by the Internal Revenue Service; provided that, for purposes
of this paragraph, no more than fifty Employees of the Employer (or, if lesser, the greater of three Employees or ten percent of the Employees) shall be treated as officers; 

 

	 	(ii)	a five percent or greater owner of an Employer; or 

  

	 	(iii)	a one percent or greater owner of an Employer having annual compensation from the Employer of more than $150,000. 

For purposes of this Section 21, the term “compensation” means Total Compensation as defined in Section 2 of the
Plan, except such compensation for any Plan Year shall not exceed $245,000, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code. 
 (d)      Aggregated Plans. 
 Each other defined contribution
plan and defined benefit plan maintained by an Employer that covers a Key Employee as a Participant or that is maintained by an Employer in order for a plan covering a Key Employee to satisfy Section 401(a)(4) or 410 of the Code shall be
aggregated with this Plan in determining whether this Plan is top-heavy. In addition, any other defined contribution or defined benefit plan of an Employer may be included if all such plans that are included, when aggregated, will not discriminate
in favor of officers, shareholders or Highly Compensated Employees and will satisfy all of the applicable requirements of Sections 401(a)(4) and 410 of the Code. 
 (e)      Minimum Vesting. 
 For any Plan Year
in which the Plan is a Top-Heavy Plan, the vested percentage of a Participant’s Accounts, with respect to any Participant who completes at least one Hour of 

  
 68 

 
Service after the Plan becomes a Top-Heavy Plan, shall not be less than the percentage determined under the following table: 

 

			
	 Years of Service
	  	 Vested Percentage

		
	 Less than 2
	  	0
	 2
	  	20
	 3
	  	40
	 4
	  	60
	 5
	  	80
	 6 or more
	  	100

 If the foregoing provisions of this Section 21(e) become effective, and the Plan subsequently
ceases to be a Top-Heavy Plan, the Participant’s vested Accounts shall not be reduced, and all Participants shall have the vested percentage of their Accounts determined under the provisions of this Section 21(e). 

(f)      Minimum Contribution. 

Subject to the following provisions of this Section and Section 21(g), for any Plan Year in which the Plan is a Top-Heavy Plan, the
Contribution credited to each Participant who is not a Key Employee (regardless of whether such Employee has completed 1,000 Hours of Service and regardless of such Employee’s level of compensation) shall not be less than the lesser of:
(1) 3 percent of such Participant’s compensation from the Employer for that year, or (2) the percent of compensation for the Plan Year for the Key Employee for whom such percentage is highest for the year. In no event, however, shall
the total Contribution credited in any year to a Participant who is not a Key Employee (expressed as a percentage of such Participant’s compensation from the Employers) be required to exceed the maximum total Contribution credited in that year
to a Key Employee (expressed as a percentage of such Key Employee’s compensation from the Employers). Contributions made by an Employer under the Plan pursuant to Participants’ income deferral authorizations shall not be deemed
Contributions for purposes of this Section. Employer matching contributions (as defined in Code Section 401(m)(4)(A)) shall be taken into account for purposes of this paragraph. The amount of minimum Contribution otherwise required to be
allocated to any Participant for any Plan Year under this Section shall be reduced by the amount of Contributions allocated to such Participant for a Plan Year ending with or within that Plan Year under any other tax-qualified defined contribution
plan maintained by an Employer. 

  
 69 

 (g)      Coordination of Benefits. 

For any Plan Year in which the Plan is top-heavy, in the case of a Participant who is a non-Key Employee and who is a Participant in a
top-heavy tax-qualified defined benefit plan that is maintained by an Employer and that is subject to Section 416 of the Code, Section 21(f) above shall not apply, and the minimum benefit to be provided to each such Participant in
accordance with this Section 21 and Section 416(c) of the Code shall be the minimum annual retirement benefit to which such Participant is entitled under such defined benefit plan in accordance with such Section 416(c), reduced by the
amount of annual retirement benefit purchasable with such Participant’s Accounts (or portions thereof) attributable to Contributions under this Plan and any other tax-qualified defined contribution plan maintained by an Employer. 

  
 70 

	Section 22.      EXECUTION.	

 To record the adoption
of this Plan, the Company has caused its appropriate officer to affix its corporate name hereto this 2nd day of April, 2012. 
  

	
	CORSAIR COMPONENTS, INC.
	
	         /s/ Andrew J. Paul

	
	         /s/ Nicholas B. Hawkins

	
	         /s/ Frederick M. Gonzalez

	
	Trustees of the Employee Stock Ownership Plan

  
 71Seventeenth amendment to credit agreement

 Exhibit 10.52 
 SEVENTEENTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT 

This Seventeenth Amendment to Credit and Security Agreement (this “Amendment”), dated as of March 5, 2012,
is made by and between CORSAIR MEMORY, INC., a Delaware corporation (the “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Lender”), acting through its Wells Fargo Business Credit operating division. 

Recitals 
 Corsair Memory Inc., a California corporation (“Old Borrower”), and Wells Fargo Business Credit, Inc. (“WFBCI”) are parties to a Credit and Security Agreement, dated as of
June 10, 2003, as amended by that certain First Amendment to Credit and Security Agreement, dated as of August 13, 2003, that certain Second Amendment to Credit and Security Agreement, dated as of November 10, 2003, that certain Third
Amendment to Credit and Security Agreement, dated as of April 1, 2004, that certain Fourth Amendment to Credit and Security Agreement, dated as of July 31, 2004, that certain Fifth Amendment to Credit and Security Agreement, dated as of
December 9, 2004, that certain Sixth Amendment to Credit and Security Agreement, dated as of March 21, 2005, that certain Seventh Amendment to Credit and Security Agreement, dated as of May 27, 2005, that certain Eighth Amendment to
Credit and Security Agreement, dated as of March 13, 2006, that certain Ninth Amendment to Credit and Security Agreement and Waiver of Defaults, dated as of October 16, 2006, that certain Tenth Amendment to Credit and Security Agreement
and Notice of Defaults, dated as of January 2, 2008, that certain Eleventh Amendment to Credit and Security Agreement and Waiver of Defaults, dated as of June 27, 2008, that certain Twelfth Amendment to Credit and Security Agreement and
Waiver of Defaults, dated as of June 2, 2009, that certain Thirteenth Amendment to Credit and Security Agreement and Waiver of Defaults, dated as of January 27, 2010, that certain Fourteenth Amendment to Credit and Security Agreement,
dated as of March 16, 2010, that certain Fifteenth Amendment to Credit and Security Agreement, dated as of June 14, 2010, and that certain Sixteenth Amendment to Credit and Security Agreement, dated as of August 19, 2010 (as so
amended, the “Credit Agreement”). 
 WFBCI has merged with and into the Lender and the Lender is the
surviving corporation. 
 Old Borrower has merged with and into the Borrower and the Borrower is the surviving
corporation. 
 The Borrower assumed all of the obligations of Old Borrower under the Credit Agreement pursuant
to that certain Assumption Agreement and Consent, dated as of July 25, 2007, between the Lender and the Borrower. 
 The Borrower has requested that certain further amendments be made to the Credit Agreement, which the Lender is willing to make pursuant to the terms and conditions set forth herein. 

 The Borrower has represented to the Lender that, as of the date hereof, all
Subordinated Debt has been paid in full, and no Subordinated Debt remains outstanding. 
 NOW, THEREFORE, in
consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 
 1.      Defined Terms.  Capitalized terms used in this Amendment which are defined in the Credit Agreement shall have the same meanings as defined
therein, unless otherwise defined herein. 
 2.      Amendments to
Section 1.1. 
 (a)        The following defined terms set
forth in Section 1.1 of the Credit Agreement are hereby amended in their entirety as follows: 
 “Accounts Advance Rate” means up to the Maximum Accounts Advance Rate, or such lesser rate as the Lender in its sole discretion may deem appropriate from time to time; provided that, as of any
date of determination, the Accounts Advance Rate shall be reduced by one (1) percentage point for each percentage by which Dilution is in excess of 5%. 

“Borrowing Base” means at any time the lesser of: 

(a)        the Maximum Line; or 

(b)        the sum of following: 

    (i)        The product of the Accounts
Advance Rate times Eligible Accounts; provided that Advances against Eligible Accounts owing by Account Debtors described in clause (xiv) of the definition of “Eligible Accounts” shall not exceed $28,000,000, plus 

    (ii)       the lesser of (A) the
product of the Inventory Advance Rate times Eligible Inventory or (B) $6,000,000, less 

    (iii)      The Borrowing Base Reserve, less

     (iv)      Indebtedness that the
Borrower owes to the Lender that has not yet been advanced on the Revolving Note, and the dollar amount that the Lender in its reasonable discretion then determines to be a reasonable determination of the Borrower’s credit exposure with respect
to any swap, derivative, foreign exchange, hedge, deposit, treasury management or other similar transaction or arrangement offered to Borrower by Lender that is not described in Article II of this Agreement and any indebtedness owed by Borrower to
Wells Fargo Merchant Services, L.L.C. 

  
 2 

 “Maximum Line” means $50,000,000, unless said
amount is reduced pursuant to Section 2.16, in which event it means such lower amount. 

“Minimum Liquidity Amount” means $2,000,000. 

(b)        The following new defined terms are hereby added to Section 1.1
of the Credit Agreement in alphabetical order: 
 “Inventory Advance Rate” means
forty-eight percent (48%) until the Maximum Accounts Advance Rate has been reduced to 85% pursuant to the terms and conditions hereof, and thereafter the Inventory Advance Rate shall reduce by five percent (5%) per week until it has been
reduced to thirty-five percent (35%). 
 “Maximum Accounts Advance Rate” means
ninety percent (90%) until May 2, 2012, and thereafter the Maximum Accounts Advance Rate shall reduce by one percent (1%) per week until it has been reduced to eighty-five percent (85%). 

3.      Replacement Exhibit C.  Exhibit C attached to the Credit
Agreement is hereby replaced with Exhibit C attached to this Amendment. 

4.      No Other Changes.  All of the terms and conditions of the
Credit Agreement and the Loan Documents as amended by this Amendment shall remain in full force and effect. 

5.      Amendment Fee.  The Borrower shall pay the Lender as of the
date hereof a fully earned, non-refundable fee in the amount of $20,000 (“Amendment Fee”) in consideration of the Lender’s execution and delivery of this Amendment. 

6.      Conditions Precedent.  This Amendment shall be effective
when the Lender shall have received an executed original hereof, together with each of the following, each in substance and form acceptable to the Lender in its sole discretion: 

(a)        The Acknowledgement and Agreement of Guarantors attached to this
Amendment, duly executed by each Guarantor. 
 (b)        Payment in
full, in cash, of the Amendment Fee. 
 (c)        Such other matters
as the Lender may require. 
 7.      Condition
Subsequent.  The effectiveness of this Amendment is further subject to and contingent upon the receipt by the Lender, on or before March 20, 2012, of the Borrower’s updated projected balance sheets and income statements
for each month of the fiscal year ending June 30, 2012, each in reasonable detail, representing the Borrower’s good faith projections and certified by the Borrower’s chief financial Officer as being the most accurate projections
available and identical to the projections used by the Borrower for internal planning purposes, together with a statement of underlying assumptions and such supporting schedules 

  
 3 

 
and information as the Lender may in its discretion require. Any failure of the Borrower to timely fulfill the condition subsequent set forth in this Section 7 to the Lender’s complete
satisfaction shall constitute an Event of Default. 

8.        Representations and Warranties.  The Borrower
hereby represents and warrants to the Lender as follows: 

  (a)        The Borrower has all requisite power and authority to
execute this Amendment, and to perform all of its obligations hereunder, and this Amendment has been duly executed and delivered by the Borrower and constitute the legal, valid and binding obligations of the Borrower, enforceable in accordance with
its terms. 
   (b)        The execution, delivery and
performance by the Borrower of this Amendment have been duly authorized by all necessary corporate action and do not (i) require any authorization, consent or approval by any governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign, (ii) violate any provision of any law, rule or regulation or of any order, writ, injunction or decree presently in effect, having applicability to the Borrower, or the articles of incorporation or by-laws
of the Borrower, or (iii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, lease or instrument to which the Borrower is a party or by which it or its properties may be bound
or affected. 
   (c)        All of the representations and
warranties contained in Article V of the Credit Agreement are correct on and as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date.

 9.        References.  All references in the
Credit Agreement to “this Agreement” shall be deemed to refer to the Credit Agreement as amended hereby; and any and all references in the Security Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as
amended hereby. 
 10.      No Waiver.  The execution of
this Amendment and the acceptance of all other agreements and instruments related hereto shall not be deemed to be a waiver of any Default or Event of Default under the Credit Agreement or a waiver of any breach, default or event of default under
any Security Document or other document held by the Lender, whether or not known to the Lender and whether or not existing on the date of this Amendment. 
 11.      Release.  The Borrower, and each Guarantor by signing the Acknowledgment and Agreement of Guarantors set forth below, hereby absolutely and
unconditionally releases and forever discharges the Lender, and any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and assigns thereof, together with all of the present
and former directors, officers, agents and employees of any of the foregoing, from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon contract or tort or under any state or
federal law or otherwise, which the Borrower or such Guarantor has had, now has or has made claim to have against any such person for or by reason of any act, omission, matter, cause or thing 

  
 4 

 
whatsoever arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured or known or unknown. It is
the intention of the Borrower and each Guarantor in providing this release that the same shall be effective as a bar to each and every claim, demand and cause of action specified, and in furtherance of this intention it waives and relinquishes all
rights and benefits under Section 1542 of the Civil Code of the State of California, which provides: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MIGHT HAVE
MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 
 12.    Costs and
Expenses.  The Borrower hereby reaffirms its agreement under the Credit Agreement to pay or reimburse the Lender on demand for all costs and expenses incurred by the Lender in connection with the Loan Documents, including without
limitation all reasonable fees and disbursements of legal counsel. Without limiting the generality of the foregoing, the Borrower specifically agrees to pay all fees and disbursements of counsel to the Lender for the services performed by such
counsel in connection with the preparation of this Amendment and the documents and instruments incidental hereto. The Borrower hereby agrees that the Lender may, at any time or from time to time in its sole discretion and without further
authorization by the Borrower, make a loan to the Borrower under the Credit Agreement, or apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses, and the Amendment Fee. 

13.    Miscellaneous.  This Amendment and the Acknowledgement and Agreement
of Guarantors may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original and all of which counterparts, taken together, shall constitute one and the same instrument. 

[remainder of this page intentionally left blank] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first written above. 
  

			
	WELLS FARGO BANK, NATIONAL
ASSOCIATION
		
	By	 	 /s/ Michael White

	Name:	 	Michael White
	Title:	 	Relationship Manager
	
	 CORSAIR MEMORY, INC.
 a Delaware corporation

		
	By	 	 /s/ Andrew J. Paul

	Name:	 	Andrew J. Paul
	Title:	 	President and Chief Executive Officer

 ACKNOWLEDGMENT AND AGREEMENT OF GUARANTORS 

Each of the undersigned, as a guarantor of the indebtedness of Corsair Memory, Inc. (the “Borrower”) to Wells
Fargo Bank, National Association (the “Lender”), acting through its Wells Fargo Business Credit operating division, successor-by-merger to Wells Fargo Business Credit, Inc., pursuant to a separate Guaranty of each (each, a
“Guaranty”), hereby (i) acknowledges receipt of the foregoing Amendment; (ii) consents to the terms (including without limitation the release set forth in Section 11 of the Amendment) and execution thereof;
(iii) reaffirms his or itrs obligations to the Lender pursuant to the terms of his Guaranty; and (iv) acknowledges that the Lender may amend, restate, extend, renew or otherwise modify the Credit Agreement and any indebtedness or agreement
of the Borrower, or enter into any agreement or extend additional or other credit accommodations, without notifying or obtaining the consent of the undersigned and without impairing the liability of the undersigned under his or its Guaranty for all
of the Borrower’s present and future indebtedness to the Lender. 
 Dated as of March 5, 2012. 

 

					
	 /s/ Andrew J. Paul
	 	 
	ANDREW J. PAUL, an individual	 	
		
	 CORSAIR COMPONENTS, INC.,
 a Delaware corporation
	 	
			
	By:	 	 /s/ Nick Hawkins
	 	
	Name:	 	Nick Hawkins	 	
	Title:	 	Chief Financial Officer	 	

 Exhibit C to Seventeenth Amendment to Credit and Security Agreement 

COMPLIANCE CERTIFICATE 
  

			
	To:	  	Wells Fargo Bank, National Association
	Date:	  	[                    ,
200    ]
	Subject:	  	Financial Statements

 In accordance with our Credit and Security Agreement dated as of June 10, 2003 (as
amended from time to time, the “Credit Agreement”), attached are the financial statements of CORSAIR MEMORY, INC., a Delaware corporation (the “Borrower”), dated
[                    , 200    ] (the “Reporting Date”) and the year-to-date period then ended (the
“Current Financials”). All terms used in this certificate have the meanings given in the Credit Agreement. 
  

	 	A.	 Preparation and Accuracy of Financial Statements.  I certify that the Current Financials have been prepared in accordance
with GAAP, subject to year-end audit adjustments, and fairly present Borrower’s financial condition as of the Reporting Date. 

  

	 	B.	Name of Borrower; Merger and Consolidation.  I certify that: 

(Check one) 
  

	 	 ̈	 Borrower has not, since the date of the Credit Agreement, changed its name or jurisdiction of organization, nor has it consolidated or merged with
another Person. 

  

	 	 ̈	 Borrower has, since the date of the Credit Agreement, either changed its name or jurisdiction of organization, or both, or has consolidated or
merged with another Person, which change, consolidation or merger:  ̈ was consented to in advance by the Lender in writing, and/or  ̈ is more fully
described in the statement of facts attached to this Certificate. 

  

	 	C.	Events of Default.  I certify that: 

 (Check one) 
  

	 	 ̈	 I have no knowledge of the occurrence of an Event of Default under the Credit Agreement, except as previously reported to the Lender in writing.

  

	 	 ̈	 I have knowledge of an Event of Default under the Credit Agreement not previously reported to the Lender in writing, as more fully described in the
statement of facts attached to this Certificate, and further, I acknowledge that the Lender may under the terms of the Credit Agreement impose the Default Rate at any time during the resulting Default Period. 

	 	D.	Litigation Matters. I certify that: 

 (Check one) 
  

	 	 ̈	 I have no knowledge of any material adverse change to the litigation exposure of the Borrower or any of its Affiliates or of any Guarantor.

  

	 	 ̈	 I have knowledge of material adverse changes to the litigation exposure of the Borrower or any of its Affiliates or of any Guarantor not previously
disclosed in writing, as more fully described in the statement of facts attached to this Certificate. 

  

	 	E.	Financial Covenants. I further certify that: 

 (Check and complete each of the following) 
  

	 	1.	 Debt Service Coverage Ratio.  Pursuant to Section 6.2(a) of the Credit Agreement, for the fiscal quarter ending on the
Reporting Date, the Debt Service Coverage Ratio was 1:    :1.0, which  ̈ satisfies  ̈ does not satisfy the requirement that the
Debt Service Coverage Ratio be not less than 1.10:1.0 for such fiscal quarter. 

  

	 	2.	Reserved. 

  

	 	3.	Reserved. 

  

	 	4.	 Minimum Liquidity.  Pursuant to Section 6.2(e) of the Credit Agreement, for the 30 day period ending of the Reporting
Date, the sum of Availability plus cash on hand has at all times been in excess of $                , which  ̈
satisfies  ̈ does not satisfy the requirement that such sum be not less than $2,000,000 at any time. 

  

	 	5.	 Salaries.  The Borrower has not paid excessive or unreasonable salaries, bonuses, commissions, consultant fees or other
compensation, and as a consequence the Borrower  ̈ is  ̈ is not in compliance with Section 5.8 of the Credit Agreement. 

Attached are statements of all relevant facts and computations in reasonable detail sufficient to evidence
Borrower’s compliance with the financial covenants referred to above, which computations were made in accordance with GAAP. 
  

									
	CORSAIR MEMORY, INC.
			
	By:	 	  
	 	
	Name:	 	Andrew J. Paul	 	
	Its:	 	President and Chief Executive Officer

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