Document:

EX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
AGREEMENT 
 THIS AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into effective as of January 1, 2017 (the “Effective Date”), by and between
Eclipse Resources Corporation, a Delaware corporation (the “Company”), and Oleg Tolmachev (“Executive”). 

WHEREAS, the Company and Executive entered into that certain Employment Agreement dated as of
June 22, 2016 (the “Previous Employment Agreement”); 
 WHEREAS, the
Company has agreed to promote Executive to the role of Executive Vice President, Chief Operating Officer, and Executive has agreed to accept such promotion, with the promotion effective as of the Effective Date; and 

WHEREAS, the Company and Executive desire to amend and restate in its entirety the Previous Employment
Agreement to reflect the terms of Executive’s continued services and role with the Company. 
 NOW,
THEREFORE, in consideration of the mutual premises, covenants and agreements herein contained, intending to be legally bound, the parties agree as follows: 

1. Employment. From and after the Effective Date, the Company will employ Executive as its Executive Vice President, Chief Operating
Officer, and Executive will report to the Company’s President & Chief Executive Officer. Executive will perform all services and acts necessary to fulfill the duties and responsibilities of his position and agrees to devote
substantially all of his business time, attention and energies to the performance of the duties assigned hereunder, and to perform such duties diligently, faithfully and to the best of his abilities. Executive agrees to refrain from any activity
that does, will or could reasonably be deemed to conflict with the best interests of the Company, unless such activity is approved in advance by the Company’s President & Chief Executive Officer. 

2. Term. The Company agrees to employ Executive, and Executive agrees to be employed by the Company, for a period (the “Initial
Term”) commencing on the Effective Date and ending on the third (3rd) anniversary of the Effective Date, unless earlier terminated in accordance with Section 4. If neither party
gives the other at least ninety (90) days written notice that it intends for this Agreement to terminate at the end of the Initial Term, then this Agreement will continue for successive one-year terms (each a “Renewal Term”),
unless earlier terminated in accordance with Section 4, until either party gives the other party at least ninety (90) days written notice that it intends for this Agreement to terminate at the end of any such Renewal Term. The Initial Term
and any Renewal Terms will constitute the “Term”. If either Executive or the Company gives timely notice of termination pursuant to this Section 2, then Executive’s employment shall end on the last day of the Term. A
termination of Executive’s employment by reason of a timely notice of termination pursuant to this Section 2 shall not be considered a termination for Cause or without Cause by the Company, or a termination for Good Reason or without Good
Reason by Executive. 

 3. Compensation and Benefits. 

(a) Base Salary. Executive will receive a base salary (“Base Salary”) at an annual rate of
three hundred fifty five thousand dollars ($355,000.00), paid in accordance with the normal payroll practices of the Company. The Base Salary shall be reviewed periodically by the Board (or a designated committee thereof) and may be increased in its
discretion but not decreased without Executive’s consent. 
 (b) Bonus. Executive will be eligible for an annual
bonus (“Annual Bonus”) for each calendar year in which an annual cash performance bonus program is in effect. Each Annual Bonus shall be payable based on the achievement of reasonable performance targets established by the Board,
and for each calendar year Executive’s target Annual Bonus shall be equal to 85 percent of Executive’s Base Salary in effect on the last day of the applicable calendar year; provided, that the percentage of Executive’s annual Base
Salary that applies for the purposes of determining Executive’s target Annual Bonus for a given year may be increased above 85 percent (but not decreased without the Executive’s written consent) by the Board (or a designated committee
thereof) in its discretion. Executive’s Annual Bonus will be paid no later than March 15 of the year following the calendar year to which it relates. 

(c) Long-Term Incentive Compensation. Executive may, as determined by the Board (or a designated committee thereof) in
its sole discretion, periodically receive grants of stock options or other equity or non-equity related awards pursuant to the Company’s or an affiliate’s long-term incentive plan(s), subject to the terms and conditions of such plan(s).

 (d) Retirement and Welfare Benefits. During the Term, Executive or Executive’s spouse and dependents, as the
case may be, will be eligible to participate in such pension and similar benefit plans (qualified, non-qualified and supplemental), profit sharing, 401(k), medical and dental, disability, group or executive life, accidental death and travel accident
insurance, and similar benefit plans and programs of the Company, subject to the terms and conditions thereof, as may be in effect and made available from time to time to the Company’s senior executives. 

(e) Perquisites. Executive will be entitled to participate in the Company’s perquisite programs, as such are made
generally available to the Company’s senior executives. 
 (f) Business Expenses. The Company will reimburse
Executive for all ordinary and necessary business expenses incurred by him in connection with his employment upon timely submission by Executive of receipts and other documentation in conformance with the Company’s normal procedures. All
payments for reimbursement under this Section 3(f) will be paid promptly, but in no event later than March 15 of the calendar year following the calendar year in which Executive incurred such expenses. 

(g) Vacation. Executive will be entitled to paid vacation in accordance with the policies and practices of Company as
in effect from time to time with respect to the Company’s senior executives, but in no event will such vacation time be less than four (4) weeks per calendar year. 

  
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 4. Termination. This Agreement will continue in effect until the expiration of the Term
unless earlier terminated pursuant to this Section 4. 
 (a) Disability. If Executive incurs a Disability during
the Term, the Company may terminate Executive’s employment effective on the 30th day after Executive’s receipt of written notice of the Company’s intent to terminate Executive’s employment; provided that, within the 30 days after
such notice Executive does not return to perform, with or without reasonable accommodation, the essential functions of his position. 

(b) Cause. The Company may terminate the Executive’s employment at any time during the Term for Cause or without
Cause. For purposes of this Agreement, a termination “without Cause” means Executive’s termination of employment during the Term at the Company’s sole discretion for any reason other than a termination for Cause or as a result of
Executive’s death or Disability. 
 (c) Good Reason. The Executive’s employment may be terminated during
the Term by Executive for Good Reason or without Good Reason; provided, however, that the Executive may not terminate his employment for Good Reason unless (i) the Executive has given the Company written notice of his belief that Good Reason
exists within 30 days of the initial existence of the condition(s) giving rise to Good Reason, which notice will specify the facts and circumstances giving rise to Good Reason, (ii) the Company has not remedied such facts and circumstances
giving rise to Good Reason within the 30-day period following the receipt of such notice, and (iii) the Executive separates from service on or before the 60th day after the end of such 30-day cure period by delivering the Notice of Termination.

 (d) Notice of Termination. Any termination by the Company for Cause or without Cause or because of the
Executive’s Disability, or by the Executive for Good Reason or without Good Reason, must be communicated by Notice of Termination to the other party. 

5. Obligations of the Company Upon Termination. 

(a) For Cause; Without Good Reason; Expiration of Term. If the Company terminates Executive’s employment for
Cause, Executive terminates his employment without Good Reason, or the Term expires by reason of timely notice given by either party pursuant to Section 2, the Company will have no further obligations to the Executive or his legal
representatives, except that Executive (or his legal representatives as the case may be) will be entitled to any (i) unpaid but earned Base Salary accrued up to the Termination Date or expiration of the Term, (ii) benefits or compensation
as provided under the terms of any employee benefit and compensation agreements or plans applicable to Executive, (iii) unreimbursed business expenses required to be reimbursed to Executive, (iv) if the Term expires by reason of timely
notice given by either party pursuant to Section 2, unpaid, but earned and accrued annual incentive for any completed calendar year as of the date on which the Term expires, and (v) rights to indemnification Executive may have under the
Company’s Articles of Incorporation, Bylaws, or separate indemnification agreement, as applicable (together, the “Accrued Obligations”). 

  
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 (b) Death or Disability. If Executive’s employment is terminated by
reason of the Executive’s death or Disability, the Company will have no further obligations to the Executive or Executive’s legal representatives, except that Executive (or his legal representatives as the case may be) will be entitled to
the Accrued Obligations and the following additional payments from the Company: 
 (i) Severance Payment. The Company
will pay Executive (or his legal representatives as the case may be) an amount equal to one (1) times Executive’s Base Salary as of the Termination Date, which amount will be paid in a lump sum payment on the date that is 60 days after the
Termination Date; and 
 (ii) Post-Employment Health Coverage. During the portion, if any, of the 18-month period
following the Termination Date that Executive, Executive’s spouse or Executive’s eligible dependents elect to continue coverage under the Company’s group health plans under the Consolidated Omnibus Budget Reconciliation Act of 1985
(“COBRA”), the Company will promptly reimburse Executive or Executive’s spouse or eligible dependents, as applicable, on a monthly basis for the amount paid to effect and continue such coverage (“COBRA Reimbursement
Amounts”); provided, however, that in the event Executive’s employment is terminated by reason of Executive’s Disability, payment of the COBRA Reimbursement Amounts will cease immediately upon the date that Executive begins
providing services to a subsequent employer. Nothing contained herein is intended to limit or otherwise restrict any rights to continued group health plan coverage pursuant to COBRA following the period described in the preceding sentence. 

(c) Termination Without Cause or for Good Reason. If Executive’s employment is terminated by the Company
without Cause or by Executive for Good Reason the Company will have no further obligations to Executive or Executive’s legal representatives, except that Executive will be entitled to the Accrued Obligations and the following: 

(i) Severance Payment. The Company will pay Executive an amount equal to two (2) times the sum of
(A) Executive’s Base Salary as of the Termination Date, and (B) the amount equal to Executive’s target Annual Bonus for the fiscal year that includes the Termination Date, which amount will be paid in a lump sum payment on the
date that is 60 days after the Termination Date. 
 (ii) Post-Employment Health Coverage. During the portion, if any,
of the 18-month period following the Termination Date that Executive elects to continue coverage for Executive, Executive’s spouse or Executive’s eligible dependents under the Company’s group health plans under COBRA, the Company will
promptly reimburse Executive on a monthly basis for the COBRA Reimbursement Amounts; provided, however, that payment of the COBRA Reimbursement Amounts by the Company to Executive will cease immediately upon the date that Executive begins providing
services to a subsequent employer. Nothing contained herein is intended to limit or otherwise restrict any rights to continued group health plan coverage pursuant to COBRA following the period described in the preceding sentence.

  
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 (iii) Pro Rata Annual Bonus. The Company will pay Executive an amount
equal to the Annual Bonus for the calendar year in which occurs the Termination Date, as determined in good faith by the Board in accordance with the performance criteria established for such Annual Bonus and based on the Company’s actual
performance for such calendar year, which amount will be prorated through and including the Termination Date (based on the ratio of the number of days Executive was employed by the Company during such year to the number of days in such year). This
amount will be payable in a lump sum on or before the date on which annual bonuses for the calendar year are paid to executives who have continued employment with the Company (but in no event earlier than 60 days after the Termination Date or later
than the March 15 next following such calendar year); provided, however, that if this Section 5(c)(iii) applies with respect to an Annual Bonus that is intended to constitute performance-based compensation within the meaning and for
purposes of section 162(m) of the Code, then this Section 5(c)(iii) will apply with respect to such Annual Bonus only to the extent the applicable performance criteria have been satisfied as certified in writing by a committee of the Board as
required under section 162(m) of the Code. 
 (d) Equity Awards. There shall be no acceleration of the vesting of any
equity or long-term incentive awards granted to Executive under any Company long-term incentive plan, unless otherwise provided under the terms of the applicable long-term incentive plan or award agreement. 

(e) Release and Compliance with this Agreement. With the exception of the Accrued Obligations, the obligation of the
Company to pay any portion of the amounts due pursuant to Section 5(c) of this Agreement is expressly conditioned on Executive’s (i) execution and non-revocation of a release substantially in the form attached as Exhibit A (the
“Release”), which Release may be may be revised to reflect changes in applicable law, no later than fifty (50) days following the Termination Date or such shorter period as may be set out in the Release (such period, the
“Release Consideration Period”) and (ii) Executive’s compliance with the requirements of Sections 6 and 7. 

(f) Nonduplication of Benefits. It is possible that a category of payment or benefit that is paid or provided under
this Section 5 would also be paid or provided under the terms of another Company severance or change in control plan, program, or arrangement, including, without limitation, the Company’s Change in Control Severance Policy, as the same may
be amended from time to time. In such case, (i) the payment or benefit under the terms of another Company severance or change in control plan, program, or arrangement will be paid or provided in full, and (ii) the Company’s obligation
under this Section 5 will automatically be reduced (but not below zero) to the extent and only to the extent of the payment or benefit provided under clause (i). 

  
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 6. Confidential Information. 

(a) Executive acknowledges that the Company has trade, business and financial secrets and other confidential and proprietary
information (collectively, the “Confidential Information”) which will be provided to Executive during the Executive’s employment by the Company. Confidential information includes, but is not limited to, the Company’s or
any of its affiliates’ businesses, trade secrets, products, or services (including without limitation, all such information relating to corporate opportunities, strategies, business plans, product specifications, compositions, manufacturing and
distribution methods and processes, research, financial and sales data, pricing terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the
customers’ organizations or within the organization of acquisition prospects, or production, marketing, and merchandising techniques, prospective names and marks), and all writings or materials of any type embodying any of such information,
ideas, concepts, improvements, discoveries, inventions, and other similar forms of expression. Notwithstanding the foregoing, Confidential Information does not include any information that is generally known in the oil and gas industry, was known by
Executive prior to his employment with the Company or has been published in a form generally available to the public before the date Executive proposes to disclose or use such information, provided, that, such publishing of the Confidential
Information does not result from Executive directly or indirectly breaching Executive’s obligations under this Section 6(a) or any other similar provision by which Executive is bound, or from any third-party breaching a provision similar
to that found under this Section 6(a). For the purposes of the previous sentence, Confidential Information will not be deemed to have been published or otherwise disclosed merely because individual portions of the information have been
separately published, but only if all material features comprising such information have been published in combination. 

(b) Executive acknowledges that the Confidential Information has been developed or acquired by the Company through the
expenditure of substantial time, effort and money and provides the Company with an advantage over competitors who do not know or use such Confidential Information. Executive acknowledges that all such Confidential Information is the sole and
exclusive property of the Company. 
 (c) During, and all times following, Executive’s employment by the Company,
Executive will hold in confidence and not directly or indirectly disclose or use or copy or make lists of any Confidential Information except: (i) to the extent authorized in writing by the Company’s Chief Executive Officer;
(ii) where such information is, at the time of disclosure by Executive, generally available to the public other than as a result of any direct or indirect act or omission of Executive in breach of this Agreement; or (iii) where Executive
is compelled by legal process, other than to an employee of the Company or a person to whom disclosure is reasonably necessary or appropriate in connection with the performance by Executive of his duties as an employee of the Company. Executive
agrees to use reasonable efforts to give the Company notice of any and all attempts to compel disclosure of any Confidential Information, in such a manner so as to provide the Company with written notice at least five (5) days before disclosure
or within one (1) business day after Executive is informed that such disclosure is being or will be compelled, whichever is earlier. Such written notice must include a description of the information to be disclosed, the court, government
agency, or other forum through which the disclosure is sought, and the date by which the information is to be disclosed, and must contain a copy of the subpoena, order or other process used to compel disclosure. 

  
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 (d) Executive will take all necessary precautions to prevent disclosure of
Confidential Information to any unauthorized individual or entity. Executive further agrees not to use, whether directly or indirectly, any Confidential Information for the benefit of any person, business, corporation, partnership, or any other
entity other than the Company and its affiliates, and to immediately return to the Company all Confidential Information and all copies thereof, in whatever tangible form or medium, including electronic, at the end of his employment with the Company
for any reason or at the request of the Company at any time. 
 7. Competition. Executive acknowledges that the Company has
provided, and the Company agrees to continue to provide Executive, with access to its confidential, proprietary, or trade secret information, including confidential information of third parties such as customers, suppliers, and business affiliates;
specialized training and knowledge regarding the Company’s methodologies and business strategies; or support in the development of goodwill such as introductions and customer relationship information. The foregoing is not contingent on
continued employment, but upon Executive’s use of the access, specialized training, or goodwill support provided by Company for the exclusive benefit of the Company and upon Executive’s full compliance with the restrictions on
Executive’s conduct provided for in this Agreement. Ancillary to the rights provided to Executive as set forth in this Agreement, the Company’s provision of confidential, proprietary, or trade secret information, specialized training,
or goodwill support to Executive, and Executive’s agreements regarding the use of same, in order to protect the value of any equity-based compensation, training, goodwill support or the confidential information described above, the Company and
Executive agree to the following provisions against unfair competition, which Executive acknowledges represent a fair balance of the Company’s rights to protect its business and Executive’s right to pursue employment: 

(a) Executive will not, at any time during the Restriction Period, directly or indirectly engage in, have any equity interest
in, interview for a potential employment or consulting relationship with or manage or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder, consultant
or otherwise) that engages in any business which competes with any portion of the Business (as defined below) of the Company in the State of Ohio or any other state of the United States in which the Company conducts Business as of the Termination
Date or expiration of the Term, as applicable; provided, however, in the event the Company terminates Executive’s employment without Cause, Executive’s employment terminates upon expiration of the Term by reason of the Company giving
timely notice to Executive pursuant to Section 2, or Executive resigns for Good Reason, the post-termination restrictions set forth in this Section 7(a) will be limited as follows: (a) without the prior written consent of
the Company, which consent may be withheld in the discretion of the Company, Executive will not, at any time during the Restriction Period, directly or indirectly engage in, have any equity interest in, interview for a potential employment or
consulting relationship with or manage or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder, consultant or otherwise) that engages in any business
which competes in any material respect with any material 

  
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portion of the Business (as defined below) of the Company within six (6) miles of (i) any oil or natural gas assets of the Company or (ii) any potential oil or natural gas assets
where the Company has taken material steps to lease or purchase real property with respect to such potential assets within the six (6) month period immediately prior to the Termination Date or expiration of the Term, as applicable. Nothing
herein prohibits Executive from being a passive owner of not more than 2.5% of the outstanding equity interest in any entity that is publicly traded, so long as Executive has no active participation in the business of such entity. 

(b) Executive will not, at any time during the Restriction Period, directly or indirectly, either for Executive or for any
other person or entity, (i) solicit any employee of the Company to terminate his employment with the Company, (ii) employ any such individual during his employment with the Company and for a period of three months after such individual
terminates his employment with the Company or (iii) solicit or service any person who was a customer, supplier, licensee, licensor or other business relation of the Company in order to induce or attempt to induce such person to cease doing
business with, or reduce the amount of business conducted with, the Company, or in any way interfere with the relationship between any such customer, supplier, licensee, licensor or other business relation of the Company. 

(c) In the event the terms of this Section 7 are determined by any court of competent jurisdiction to be
unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it will be interpreted to, and may be modified by a court of competent
jurisdiction to, extend only over the maximum period of time for which it may be enforceable, over the maximum geographical area as to which it may be enforceable, or to the maximum extent in all other respects as to which it may be enforceable, all
as determined by such court in such action. 
 (d) As used in this Section 7, (i) the term
“Company” includes the Company and its affiliates; (ii) the term “Business” means the business of the Company and includes the acquisition, exploration, exploitation and development of, oil and natural gas
assets, and the acquisition of leases and other real property in connection therewith, as such business may be expanded or altered by the Company during the Term; and (iii) the term “Restriction Period” means the period
beginning on the Effective Date and ending on the date twelve (12) months following the Termination Date or expiration of the Term, except that if the Termination Date or expiration of the Term occurs within one year following a Change of
Control, Restriction Period means the period beginning on the Effective Date and ending on the date six (6) months following the Termination Date or expiration of the Term. 

(e) Executive agrees, during the Term and following the Termination Date or expiration of the Term, to refrain from
disparaging the Company and its affiliates, including any of its services, technologies or practices, or any of its directors, officers, agents, representatives or stockholders, either orally or in writing. Nothing in this Section 7(e)
precludes Executive from making truthful statements that are reasonably necessary to comply with applicable law, regulation or legal process. 

  
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 (f) The Company agrees, during the Term and following the Termination Date or
expiration of the Term, to refrain from disparaging Executive, including any of Executive’s services or practices, either orally or in writing. Nothing in this Section 7(f) precludes the Company from making truthful statements that
are reasonably necessary to comply with applicable law, regulation or legal process. 
 (g) In the event Executive engages
in conduct in violation of the covenants in Section 7 the Restriction Period will be extended for a period of time equal to the time in which Executive engaged in competitive activity prohibited by this Agreement. 

8. Injunctive Relief. It is recognized and acknowledged by Executive that a breach of the covenants contained in Sections 6 and 7 will
cause irreparable damage to Company and its goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, Executive agrees that in the event of a
breach of any of the covenants contained in Sections 6 and 7, in addition to any other remedy which may be available at law or in equity, the Company will be entitled to specific performance and injunctive relief without the need to post bond. 

9. Assignment and Successors. The Company may assign its rights and obligations under this Agreement to any successor to all or
substantially all of the business or the assets of the Company (by merger or otherwise), and may assign or encumber this Agreement and its rights hereunder as security for indebtedness of the Company and its affiliates. This Agreement is binding
upon and inure to the benefit of the Company, Executive and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. None of Executive’s
rights or obligations may be assigned or transferred by Executive, other than Executive’s rights to payments hereunder, which may be transferred only by will or operation of law. 

10. Section 409A. The amounts payable pursuant to this Agreement are intended to be exempt from section 409A of the Code, and
related U.S. treasury regulations or official pronouncements (“Section 409A”) and will be construed in a manner that is compliant with such exemption; provided, however, if and to the extent that any compensation payable under this
Agreement is determined to be subject to Section 409A, this Agreement will be construed in a manner that will comply with Section 409A, and provided further, however, that no person connected with this Agreement in any capacity, including
but not limited to the Company and its affiliates, and their respective directors, officers, agents and employees, makes any representation, commitment or guarantee that any tax treatment, including but not limited to, federal, state and local
income, estate and gift tax treatment, will be applicable with respect to any amounts payable or benefits provided under this Agreement. Notwithstanding any provision to the contrary in this Agreement, if Executive is deemed on his Termination Date
or expiration of the Term to be a “specified employee” within the meaning of Section 409A, then any payments and benefits under this Agreement that are subject to Section 409A and paid by reason of a termination of employment
will be made or provided on the later of (a) the payment date set forth in this Agreement or (b) the date that is the earliest of (i) the expiration of the six-month period measured from the Termination Date or expiration of the Term,
or (ii) the date of Executive’s death (the “Delay Period”). Payments and benefits subject to the Delay Period will be paid or provided to Executive without interest for such delay. The terms “termination of
employment” and “separate from service” as used throughout this Agreement refer to a “separation from service” within the meaning of Section 409A. 

  
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 11. Maximum Payments by the Company. Notwithstanding anything to the contrary in this
Agreement, if Executive is a “disqualified individual” (as defined in section 280G(c) of the Code), and the payments and benefits provided for in this Agreement, together with any other payments and benefits which Executive has the right
to receive from the Company or any of its affiliates, would constitute a “parachute payment” (as defined in section 280G(b)(2) of the Code), then the payments and benefits provided for in this Agreement will be either (a) reduced (but
not below zero) so that the present value of such total amounts and benefits received by Executive from the Company and its affiliates will be one dollar ($1.00) less than three times Executive’s “base amount” (as defined in section
280G(b)(3) of the Code) and so that no portion of such amounts and benefits received by Executive will be subject to the excise tax imposed by section 4999 of the Code, or (b) paid in full, whichever produces the better net after-tax position
to Executive (taking into account any applicable excise tax under section 4999 of the Code and any other applicable taxes). The reduction of payments and benefits hereunder, if applicable, will be made by reducing, first, payments or benefits to be
paid in cash hereunder in the order in which such payment or benefit would be paid or provided (beginning with such payment or benefit that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that
would be made first in time) and, then, reducing any benefit to be provided in-kind hereunder in a similar order. The determination as to whether any such reduction in the amount of the payments and benefits provided hereunder is necessary will be
made by the Company in good faith. If a reduced payment or benefit is made or provided, and through error or otherwise, that payment or benefit, when aggregated with other payments and benefits from the Company (or its affiliates) used in
determining if a “parachute payment” exists, exceeds one dollar ($1.00) less than three times Executive’s base amount, then Executive will immediately repay such excess to the Company upon notification that an overpayment has been
made. Nothing in this Section 11 requires the Company to be responsible for, or have any liability or obligation with respect to, Executive’s excise tax liabilities under section 4999 of the Code. 

12. Clawback. Notwithstanding any other provision of this Agreement to the contrary, Executive acknowledges and agrees that any amounts
payable under this Agreement shall be subject to clawback, cancellation, recoupment, rescission, payback or other action in accordance with the terms of any policy (the “Policy”) (whether in existence as of the Effective Date or
later adopted) established by the Company providing for clawback, cancellation, recoupment, rescission, payback or other action of amounts paid to Executive. Executive agrees and consents to the Company’s application, implementation and
enforcement of (a) the Policy and (b) any provision of applicable law relating to the clawback, cancellation, recoupment, rescission or payback of Executive’s compensation, and expressly agrees that the Company may take such actions
as are necessary to effectuate the Policy or applicable law without further consent or action being required by Executive. To the extent that the terms of this Agreement and the Policy conflict, then the terms of the Policy shall prevail. 

13. Miscellaneous. 

(a) Notices. For purposes of this Agreement, notices and all other communications provided for herein will be in
writing and deemed to have been duly given (i) when received if delivered personally or by courier, or (ii) on the date receipt is acknowledged if delivered by certified mail, postage prepaid, return receipt requested, as follows: 

  
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	 If to Executive, addressed to:
	  	 Oleg Tolmachev
 113 Forbes Field Circle

Boalsburg, PA 16827, or the last known
 residential address
reflected in the Company’s
 records

		
	 If to the Company, addressed to:
	  	 Eclipse Resources Corporation
 2121 Old
Gatesburg Road, Suite 110
 State College, Pennsylvania 16803

Attention: General Counsel

 or to such other address as either party may furnish to the other in writing, except that notices or changes
of address are effective only upon receipt. 
 (b) Applicable Law. This Agreement is entered into under, and governed
for all purposes by, the laws of the Commonwealth of Pennsylvania, without regard to conflicts of laws principles thereof. 

(c) No Waiver. No failure by either party hereto at any time to give notice of any breach by the other party of, or to
require compliance with, any condition or provision of this Agreement will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

(d) Severability. If a court of competent jurisdiction determines that any provision of this Agreement is invalid or
unenforceable, then the invalidity or unenforceability of that provision will not affect the validity or enforceability of any other provision of this Agreement, and all other provisions remain in full force and effect. 

(e) Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to be an
original, but all of which together will constitute one and the same Agreement. 
 (f) Withholding of Taxes and Other
Employee Deductions. The Company or its affiliates may withhold from any benefits and payments made pursuant to this Agreement all federal, state, city, and other taxes and withholdings as may be required pursuant to any law or governmental
regulation or ruling and all other customary deductions made with respect to the Company’s employees generally. 
 (g)
Headings. The section headings have been inserted for purposes of convenience and may not be used for interpretive purposes. 

(h) Gender and Plurals. Wherever the context so requires, the masculine gender includes the feminine or neuter, and the
singular number includes the plural and conversely. 

  
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 (i) Third Party Beneficiaries. Each affiliate of the Company will be a
third party beneficiary of, and may directly enforce, Executive’s obligations under Sections 6, 7 and 8. 
 (j)
Survival. Termination of this Agreement will not affect any right or obligation of any party which is accrued or vested prior to such termination. Without limiting the scope of the preceding sentence, the provisions of Sections 6, 7, 8 and
12, and those provisions necessary to interpret and apply them will survive any termination of this Agreement. 
 (k)
Entire Agreement. Except as provided in any signed written agreement contemporaneously or hereafter executed by the Company and Executive, this Agreement (i) constitutes the entire agreement of the parties with regard to the subject
matter hereof, (ii) supersedes all prior agreements, arrangements, and understandings, written or oral, relating to the subject matter hereof, and (iii) contains all the covenants, promises, representations, warranties, and agreements
between the parties with respect to employment of Executive by the Company. Without limiting the scope of the preceding sentence, all understandings and agreements preceding the date of execution of this Agreement and relating to the subject matter
hereof are hereby null and void and of no further force and effect. As of the Effective Date, the Previous Employment Agreement shall be void and have no legal effect and neither the Company nor Executive shall have any further liability or
obligation thereunder (other than with respect to any breach thereof prior to the Effective Date). 
 (l) Modification;
Waiver. Any modification to or waiver of this Agreement will be effective only if it is in writing and signed by the parties to this Agreement. 

(m) Actions by the Board. Any and all determinations or other actions required of the Board hereunder that relate
specifically to Executive’s employment or the terms and conditions of such employment will be made by the members of the Board, other than Executive if Executive is a member of the Board, and Executive will not have any right to vote or decide
upon any such matter. 
 (n) Forum and Venue. With respect to any claims, legal proceeding or litigation arising in
connection with this Agreement, the parties hereto hereby consent to the exclusive jurisdiction, forum, and venue of the state and federal courts, as applicable, located in Centre County, Pennsylvania. 

14. Certain Definitions. In addition to the terms defined in the body of this Agreement, for purposes of this Agreement the following
capitalized words have the meanings indicated below: 
 (a) “Board” means the Board of Directors of the
Company. 
 (b) “Cause” means the occurrence of any of the following events, as reasonably determined by
the Board: (i) Executive’s willful or continued failure to perform his material duties for the Company; (ii) Executive’s conviction of a felony, or his guilty plea to or entry of a nolo contendere plea to a felony charge;
(iii) the willful or grossly negligent engagement by Executive in conduct that is materially injurious to the 

  
 -12- 

 
Company, financially or otherwise; or (iv) Executive’s breach of any material term of this Agreement or the Company’s material written policies and material procedures, as in
effect from time to time; provided, that, with respect to (i), (iii) or (iv) above, such termination for Cause will only be effective upon a majority vote of the members of the Board after notice to Executive and a period of
not less than thirty (30) calendar days during which time Executive will have an opportunity to appear before the Board to demonstrate that he has cured the conduct giving rise to Cause. 

(c) “Change of Control” means the occurrence of any of the following events: 

(i) Any one person, or more than one person acting as a group (within the meaning of section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934), acquires ownership of the Company’s common stock that, together with stock held by such person or group, constitutes more than 40 percent of the total fair market value or total voting power of the
Company’s common stock. However, if any one person or more than one person acting as a group is considered to own more than 40 percent of the total fair market value or total voting power of the Company’s common stock, the acquisition
of additional common stock by the same person or persons will not be a Change of Control. An increase in the percentage of common stock owned by any one person, or persons acting as a group, as a result of a transaction in which the Company acquires
its stock in exchange for property will be treated as an acquisition of common stock for purposes of this Section 15(c). This section applies only when there is a transfer of common stock (or issuance of common stock) and common stock in
the Company remains outstanding after the transaction. 
 (ii) A majority of the members of the Board are replaced during
any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. 

(iii) A change in the ownership of a substantial portion of the Company’s assets, which will occur on the date that any
one person, or more than one person acting as a group (within the meaning of section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition
by such person or group of persons) assets from the Company that have a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or
acquisitions; provided, however, that a sale of a substantial portion of the Company’s assets in the ordinary course of business and investment of the proceeds into similar assets for use in the business of the Company will not constitute a
change in the ownership of a substantial portion of the Company’s assets for purposes of this provision. For this purpose, gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of,
determined without regard to any liabilities associated with such assets. 

  
 -13- 

 (d) “Change of Control Period” means the period beginning six
(6) months before the date of a Change of Control and ending on the one-year anniversary of such Change of Control. 

(e) “Code” means the Internal Revenue Code of 1986, as amended. 

(f) “Disability” means Executive’s inability to engage in any substantial gainful activity necessary to
perform his duties hereunder by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a continuous period of not less than twelve
(12) months. Executive agrees to submit to such medical examinations as may be necessary to determine whether a Disability exists, pursuant to such reasonable requests made by the Company from time to time. Any determination as to the existence
of a Disability will be made by a physician selected by the Company. 
 (g) “Good Reason” means any of the
following, but only if occurring without the Executive’s consent: (i) a material diminution in Executive’s Base Salary; (ii) a material diminution in Executive’s authority, duties, or responsibilities; (iii) the
relocation of Executive’s principal office to an area more than 50 miles from its location immediately prior to such relocation; or (iv) the material failure of the Company to comply with any material provision of this Agreement. Such
termination by Executive will not preclude the Company from terminating the Executive’s employment prior to the Termination Date established by Executive’s Notice of Termination. 

(h) “Notice of Termination” means a written notice which (i) indicates the specific termination
provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under that provision, and
(iii) if the Termination Date is other than the date the notice is given, specifies the Termination Date (which must not be more than 30 days or, in the case of a termination by Executive for Good Reason, 60 days after the date on which the
Notice of Termination is given). The failure by the Company or Executive to set forth in the Notice of Termination the facts or circumstances giving rise to Cause or Good Reason, as applicable, will not waive any right of the Company or Executive
under this Agreement or preclude the Company or Executive from asserting such fact or circumstance in enforcing the Company’s or Executive’s rights under this Agreement. 

(i) “Termination Date” means: (i) if Executive’s employment is terminated by death, the date of
death; (ii) if Executive’s employment is terminated pursuant to Section 4(a) due to a Disability, thirty (30) days after the Notice of Termination is given; (iii) if Executive’s employment is terminated by the Company
without Cause or by Executive for Good Reason pursuant to Section 4(b) or 4(c), on the effective date of termination specified in the Notice of Termination; (iv) if Executive voluntarily terminates his employment with the Company without
Good Reason, the date of Executive’s termination of employment; or (v) if Executive’s employment is terminated by the Company for Cause pursuant to Section 4(b), the date on which the Notice of Termination is given. 

 
  

[Signatures begin on next page.] 

  
 -14- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the
Effective Date. 
  

			
	ECLIPSE RESOURCES CORPORATION
		
		 	
	 By:
	 	 /s/ Benjamin W. Hulburt

	 Name:
	 	Benjamin W. Hulburt
	 Title:
	 	President & CEO

  
  

			
	EXECUTIVE
		
		 	
	 By:
	 	 /s/ Oleg Tolmachev

	 Name:
	 	Oleg Tolmachev

  

 EXHIBIT A 

RELEASE 
 1. In
consideration of the payments and benefits to be made under the Employment Agreement, dated as of January 1, 2017 (the “Employment Agreement”), by and between Oleg Tolmachev (“Executive”) and Eclipse Resources
Corporation (the “Company”) (each of Executive and the Company, a “Party” and together, the “Parties”), the sufficiency of which Executive acknowledges, Executive, with the intention of binding
himself or herself, and his heirs, executors, administrators and assigns, does hereby release, remise, acquit and forever discharge the Company and each of its subsidiaries and affiliates (the “Company Affiliated Group”), their
present and former officers, directors, executives, stockholders, agents, attorneys, employees and employee benefit plans (and the fiduciaries thereof), and the successors, predecessors and assigns of each of the foregoing (collectively, the
“Company Released Parties”), of and from any and all claims, actions, causes of action, complaints, charges, demands, rights, damages, debts, sums of money, accounts, financial obligations, suits, expenses, attorneys’ fees and
liabilities of whatever kind or nature in law, equity or otherwise, whether accrued, absolute, contingent, unliquidated or otherwise and whether now known or unknown, suspected or unsuspected, which Executive, individually or as a member of a class,
now has, owns or holds, or has at any time heretofore had, owned or held, arising on or prior to the date hereof, against any Company Released Party that arises out of, or relates to, the Employment Agreement, Executive’s employment with the
Company or any of its subsidiaries and affiliates, or any termination of such employment, including claims (i) for severance or vacation or paid time off benefits, unpaid wages, salary or incentive payments, (ii) for breach of contract,
wrongful discharge, impairment of economic opportunity, defamation, intentional infliction of emotional harm or other tort, (iii) for any violation of applicable state and local labor and employment laws (including, without limitation, all laws
concerning unlawful and unfair labor and employment practices) and (iv) for employment discrimination under any applicable federal, state or local statute, provision, order or regulation, and including, without limitation, any claim under Title
VII of the Civil Rights Act of 1964 (“Title VII”), the Civil Rights Act of 1988, the Fair Labor Standards Act, the Americans with Disabilities Act (“ADA”), the Family and Medical Leave Act, the Executive Retirement
Income Security Act of 1974, as amended (“ERISA”), the Age Discrimination in Employment Act (“ADEA”), the Equal Pay Act, the Uniformed Services Employment and Reemployment Rights Act and any similar or analogous
state statute. Notwithstanding the foregoing, this Release will not apply and expressly excludes: (a) vested benefits under any plan maintained by the Company that provides for deferred compensation, equity compensation or pension or retirement
benefits; (b) health benefits under any policy or plan currently maintained by the Company that provides for health insurance continuation or conversion rights including, but not limited to, rights and benefits to continue health care coverage
under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended or similar state law; (c) any claim that cannot by law be waived or released by private agreement; (d) claims arising after the date of the Release; (e) to
the extent not paid as of the date of this Release, payments and benefits to be made under the Employment Agreement; (f) claims under any directors and officers insurance policies; and (g) rights to indemnification Executive may have under
the by-laws or certificate of incorporation of the Company and its Affiliates, any applicable indemnification agreements with the Company and its Affiliates or applicable law. 

 

  
 Exhibit A – Page 1

 2. Executive acknowledges and agrees that the release of claims set forth in this Release is not
to be construed in any way as an admission of any liability whatsoever by any Company Released Party, any such liability being expressly denied. 

3. The release of claims set forth in this Release applies to any relief no matter how called, including, without limitation, (i) wages,
(ii) back pay or front pay, (iii) compensatory damages, liquidated damages, punitive damages, damages for pain or suffering, (iv) costs, (v) attorneys’ fees and expenses, and (vi) any right to receive any compensation
or benefit from any complaint, claim, or charge with any local, state or federal court, agency or board, or in any proceeding of any kind which may be brought against the Company as a result of such a complaint, claim or charge. 

4. Executive specifically acknowledges that his acceptance of the terms of the release of claims set forth in this Release is, among other
things, a specific waiver of his rights, claims and causes of action under Title VII, ADEA, ADA and any state or local law or regulation in respect of discrimination of any kind; provided, however, that nothing herein will be deemed,
nor does anything contained herein purport, to be a waiver of any right or claim or cause of action which by law Executive is not permitted to waive. 

5. As to rights, claims and causes of action arising under the ADEA, Executive acknowledges that he has been given a period of twenty-one
(21) days1 to consider whether to execute this Release. If Executive accepts the terms hereof and executes this Release, he may thereafter, for a period of seven (7) days following (and
not including) the date of execution, revoke this Release as it relates to the release of claims arising under the ADEA. If no such revocation occurs, this Release will become irrevocable in its entirety, and binding and enforceable against
Executive, on the day next following the day on which the foregoing seven-day period has elapsed. If such a revocation occurs, Executive will irrevocably forfeit any right to payment of the severance benefits described in Section 5 of the
Employment Agreement. 
 6. Other than as to rights, claims and causes of action arising under the ADEA, the release of claims set forth in
this Release will be immediately effective upon execution by Executive. 
 7. Executive acknowledges and agrees that he has not, with
respect to any transaction or state of facts existing prior to the date hereof, filed any complaints, charges or lawsuits against any Company Released Party with any governmental agency, court or tribunal. 

8. Executive acknowledges that he is hereby advised to seek, and has had the opportunity to seek, the advice and assistance of an attorney
with regard to the release of claims set forth in this Release, and has been given a sufficient period within which to consider the release of claims set forth in this Release. 

9. Executive acknowledges that the release of claims set forth in this Release relates only to claims that exist as of the date of this
Release. 
  
  

	1 	Consideration period must be forty-five (45) days if release relates to an exit incentive or other employment termination program offered to a group or class of employees. 

 

  
 Exhibit A – Page 2

 10. Executive acknowledges that the severance benefits described in Section 5 of the
Employment Agreement he will receive in connection with the release of claims set forth in this Release and his obligations under this Release are in addition to anything of value to which Executive is entitled from the Company. 

11. Each provision hereof is severable from this Release, and if one or more provisions hereof are declared invalid, the remaining provisions
will nevertheless remain in full force and effect. If any provision of this Release is so broad, in scope, or duration or otherwise, as to be unenforceable, such provision will be interpreted to be only so broad as is enforceable. 

12. This Release constitutes the complete agreement of the Parties in respect of the subject matter hereof and will supersede all prior
agreements between the Parties in respect of the subject matter hereof except to the extent set forth herein. 
 13. The failure to enforce
at any time any of the provisions of this Release or to require at any time performance by another party of any of the provisions hereof will in no way be construed to be a waiver of such provisions or to affect the validity of this Release, or any
part hereof, or the right of any party thereafter to enforce each and every such provision in accordance with the terms of this Release. 

14. This Release may be executed in several counterparts, each of which will be deemed to be an original, but all of which together will
constitute one and the same instrument. Signatures delivered by facsimile will be deemed effective for all purposes. 
 15. This Release
will be binding upon any and all successors and assigns of Executive and the Company. 
 16. Except for issues or matters as to which
federal law is applicable, this Release will be governed by and construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania without resort to any principle of conflict of laws that would require application of the laws of
any other jurisdiction. 
 [Signature Page Follows] 
  

  
 Exhibit A – Page 3

 IN WITNESS WHEREOF, this Release has been signed as of
                                    ,
20    . 
  

			
	
		
	By:	 	
		 	  

		 	Oleg Tolmachev

  

  
 Exhibit A – Page 4EX-10.1

 Exhibit 10.1 

EXECUTIVE EMPLOYMENT AGREEMENT 

This EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of this 3rd day of January, 2017 (the
“Effective Date”), by and between Anthony Callini (the “Executive”) and Monotype Imaging Inc., a Delaware corporation (the “Company”). 

WITNESSETH: 

WHEREAS, the Company desires to employ Executive, and Executive desires to be employed by the Company; 

NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the parties hereto agree as follows: 

1.    Effective Date; Employment. Subject to the provisions of Section 5, on the Effective Date the Company
agrees to employ Executive and Executive agrees to be an employee and perform services for the Company, upon the terms as hereinafter set forth. 

2.    Duties; Extent of Service. During Executive’s employment under this Agreement, Executive (a) shall
serve as an employee of the Company with the title and position of Executive Vice President, Chief Financial Officer, reporting to the Board of Directors (or the Chief Executive Officer, as appropriate) of the Company, (b) shall have such
executive responsibilities consistent with the foregoing title and position as the Board of Directors (or the Chief Executive Officer, as appropriate) of the Company shall from time to time designate, provided that, in all cases Executive shall be
subject to the oversight and supervision of the Board of Directors (or the Chief Executive Officer, as appropriate) of the Company in the performance of his duties, (c) upon the request of the Board of Directors (or the Chief Executive Officer,
as appropriate) of the Company, shall serve as an officer and/or director of any of the Company’s subsidiaries, and (d) shall render all services reasonably incident to the foregoing. Executive hereby accepts such employment, agrees to
serve the Company in the capacities indicated, and agrees to use Executive’s reasonable best efforts in, and shall devote Executive’s full working time, attention, skill and energies to, the advancement of the interests of the Company and
its subsidiaries and the performance of Executive’s duties and responsibilities hereunder. The foregoing, however, shall not be construed as preventing Executive from (i) engaging in religious, charitable or other community or non-profit activities, or (ii) managing Executive’s personal investments and business interests, in each case in a manner that does not impair Executive’s ability to fulfill Executive’s duties
and responsibilities under this Agreement (the activities described in clauses (i) and (ii), the “Permitted Activities”). 

 3.    Salary and Bonus. 

(a)    During Executive’s employment under this Agreement, the Company shall pay Executive a salary at the annual
rate of $315,000.00 per annum (the “Base Salary”). Such Base Salary shall be subject to withholding under applicable law, and shall be payable in periodic installments in accordance with the Company’s usual payroll practice for
executive officers of the Company as in effect from time to time. 
 (b)    Executive shall be eligible to participate
in any group bonus or other group performance plan established by the Board of Directors from time to time for senior management of the Company. 

4.    Benefits. 

(a)    During Executive’s employment under this Agreement, Executive shall be entitled to participate in any and all
medical, pension, profit sharing, dental and life insurance plans and disability income plans, retirement arrangements and other employment benefits, including option plans, as in effect from time to time for similarly situated senior management of
the Company generally. Such participation shall be subject to (i) the terms of the applicable plan documents (including, as applicable, provisions granting discretion to the Board of Directors of the Company or any administrative or other
committee provided for therein or contemplated thereby), and (ii) generally applicable policies of the Company. Executive shall be eligible to participate in all such plans and other benefits as of the Effective Date. 

(b)    During Executive’s employment under this Agreement, Executive shall be entitled to earn paid vacation annually
in accordance with the Company’s practices for executive officers, as in effect from time to time. 
 (c)    The
Company shall promptly reimburse Executive for all reasonable business expenses incurred by Executive during Executive’s employment hereunder in accordance with the Company’s practices for senior executive officers of the Company, as in
effect from time to time. 
 (d)    Except to the extent expressly provided in this Agreement, compliance with the
provisions of this Section 4 shall in no way create or be deemed to create any obligation, express or implied, on the part of the Company or any of its affiliates with respect to the continuation of any particular benefit or other plan or
arrangement maintained by them or their subsidiaries as of or prior to the Effective Date or the creation and maintenance of any particular benefit or other plan or arrangement at any time after the Effective Date. 

5.    Termination and Termination Benefits. Executive’s employment may terminate without breach of this
Agreement under the following circumstances: 
 (a)    Termination by the Company for Cause. Executive’s
employment may be terminated for Cause without further liability on the part of the Company or any affiliate thereof effective immediately upon a vote of the Board of Directors of the Company (or determination by the Chief Executive Officer, as
appropriate) and written notice to Executive. Upon Executive’s termination for Cause, the Company shall pay or provide to the Executive (or to his 

  
 2 

 
authorized representative or estate) (i) any Base Salary earned through the effective date of termination of Executive’s employment with the Company and all of its subsidiaries (the
“Date of Termination”) and not theretofore paid, (ii) any accrued vacation pay to the extent earned and payable in connection with the termination of employment pursuant to the Company’s policy and (iii) any vested
benefits Executive may have under any employee benefit plan of the Company through the Date of Termination, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans (the “Accrued
Obligations”). Only the following shall constitute “Cause” for such termination: 

(i)    any act, whether or not involving the Company or any of its affiliates or their respective
businesses, of fraud, gross misconduct or harassment that materially and adversely affects the Company; 

(ii)    any act of dishonesty, deceit or illegality, in any such case, materially and adversely affecting
the Company; 
 (iii)    the commission of Executive of, or indictment of Executive for (A) a
felony, or (B) any misdemeanor involving moral turpitude (“indictment”, for these purposes, meaning an indictment, or determination of probable cause in a probable cause hearing or any other similar procedure pursuant to which an
initial determination of probable cause with respect to such offense is made), if, in the case of an indictment, such indictment has material adverse effect on the Company; 

(iv)    the commission, in the reasonable judgment of the Board of Directors of the Company, of an act
involving a violation of procedures or policies of the Company which are material to the Company; 

(v)    a material and sustained failure of Executive to perform the duties and responsibilities assigned or
delegated under this Agreement, which such failure continues for thirty (30) days after written notice has been given to Executive by the Board of Directors (or the Chief Executive Officer, as appropriate); 

(vi)    gross negligence or willful misconduct by Executive related to his job duties or responsibilities;
or 
 (vii)    a breach by Executive of any of Executive’s obligations under Section 6 below.

 (b)    Termination by Executive Other than for Good Reason. Executive’s employment may be terminated by
Executive without further liability on the part of Executive (other than with respect to those provisions of this Agreement expressly surviving such termination) by written notice to the Board of Directors at least sixty (60) days prior
to such termination; provided, however, the Company may waive the notice period and accelerate the termination date without converting the Termination by Executive into a Termination by the Company. Upon a termination by Executive
other than for Good Reason, the Company shall pay or provide to the Executive (or to his authorized representative or estate) the Accrued Obligations. 

  
 3 

 (c)    Termination by Executive for Good Reason. Subject to the
payment of Termination Benefits pursuant to Sections 5(e) or 5(h) below, as applicable, Executive’s employment also may be terminated by Executive for Good Reason (as defined below). For purposes of this Agreement, “Good Reason” shall
mean that Executive has complied with the “Good Reason Process” (hereinafter defined) following the occurrence of any of the following events: (i) a material diminution in Executive’s responsibilities, authority or duties;
(ii) a material diminution in Executive’s Base Salary except for across-the-board salary reductions based on the Company’s financial performance
similarly affecting all or substantially all senior management employees of the Company; (iii) a material change in the geographic location at which Executive provides services to the Company; or (iv) the material breach of this
Agreement by the Company. “Good Reason Process” shall mean that (i) Executive reasonably determines in good faith that a “Good Reason” condition has occurred; (ii) Executive notifies the Company in writing of the
occurrence of the Good Reason condition within 60 days of the occurrence of such condition; (iii) Executive cooperates in good faith with the Company’s efforts, for a period not less than 30 days following such notice (the
“Cure Period”), to remedy the condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) Executive terminates his employment within 60 days after the end of the Cure Period.
If the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred. 

(d)    Termination by the Company Without Cause. Subject to the payment of Termination Benefits pursuant to
Sections 5(e) or 5(h) below, as applicable, Executive’s employment may be terminated without Cause by the Company by a vote of the Board of Directors of the Company (or determination by the Chief Executive Officer, as appropriate) upon written
notice to Executive. It is expressly agreed and understood that if Executive’s employment is terminated by the Company without Cause as provided in this Section 5(d), it shall not impair, limit or otherwise affect Executive’s Continuing
Obligations (as defined below). 
 (e)    Certain Termination Benefits. Unless otherwise specifically provided in
this Agreement or otherwise required by law, all compensation and benefits payable to Executive under this Agreement shall terminate on the Date of Termination of Executive’s employment under this Agreement. Notwithstanding the foregoing, in
the event of termination of Executive’s employment with the Company pursuant to Section 5(c) or Section 5(d) above, then in addition to the Accrued Obligations, and subject to the signing of the Release Agreement (defined below) by Executive
and the Release Agreement becoming irrevocable, all within 60 days after the Date of Termination, the Company shall provide to Executive the following termination benefits (“Termination Benefits”): 

(i)    to the extent not paid prior to the date of Executive’s Date of Termination, Executive’s
annual cash bonus for the year prior to the year in which Executive’s employment was terminated, determined based upon the Company’s and Executive’s actual performance, paid as and when such annual cash bonuses are paid to similarly
situated active employees of the Company, but in no event later than March 15 of the calendar year in which Executive’s Date of Termination occurs; and 

(ii)    an amount equal to Executive’s annual cash bonus for the year in which Executive’s
employment is terminated, determined based upon the Company’s and 

  
 4 

 
Executive’s actual performance, multiplied by a fraction the numerator of which is the number of days in the year up to the Date of Termination and the denominator of which is 365, paid as
and when such annual cash bonuses are paid to similarly situated active employees of the Company but in no event later than March 15 of the calendar year following the year in which Executive’s Date of Termination occurs; and 

(iii)    payment equal to Executive’s Base Salary as in effect on the Date of Termination for a period
of twelve months from the Date of Termination (payment shall be subject to withholding under applicable law and shall be made in periodic installments in accordance with the Company’s usual payroll practice for executive officers of the Company
as in effect from time to time); and 
 (iv)    provided Executive elects and remains eligible for the
continuation of group health plan benefits pursuant to 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will pay to Executive a monthly cash payment, in an amount equal to the monthly employer contribution that
the Company would have made to provide health insurance to Executive if Executive had remained employed by the Company, through the earliest of: (1) twelve months after the Date of Termination, (2) the date when Executive
becomes eligible for group medical plan participation under any subsequent employer’s group medical plan, or (3) the date Executive is no longer eligible for COBRA. 

The Company shall have the right to terminate all of the Termination Benefits set forth herein in the event that Executive fails to comply in any material
respect with Executive’s Continuing Obligations under this Agreement. Notwithstanding the foregoing, nothing in this Section 5(e) shall be construed to affect Executive’s right to receive COBRA continuation entirely at Executive’s own
cost to the extent that Executive may continue to be entitled to COBRA continuation after Executive’s right to cost sharing under Section 5(e)(iv) ceases. The Company and Executive agree that the Termination Benefits paid by the Company to
Executive under this Section 5(e) shall be in full satisfaction, compromise and release of any claims arising exclusively out of any termination of Executive’s employment pursuant to Section 5(c) or Section 5(d), and that the payment of the
Termination Benefits shall be contingent upon Executive’s delivery of a separation agreement in a form satisfactory to the Company that shall include a general release of claims in favor of the Company and related persons and entities and any
other separation agreement terms that the Company determines to include (“Release Agreement”), it being understood that no Termination Benefits shall be provided unless and until such Release Agreement becomes fully effective. The Company
may pay or commence payment of the Termination Benefits hereunder at any time within 60 days after the Date of Termination; provided, however, that if the 60-day period begins in one calendar year and ends in
a second calendar year, the Termination Benefits shall be paid or commence to be paid in the second calendar year by the last day of such 60-day period. 

(f)    Disability. The Company may terminate Executive’s employment if he is disabled and unable to perform
the essential functions of Executive’s then existing position or positions under this Agreement with or without reasonable accommodation for a period of 365 days (which need not be consecutive) in any
18-month period. If any question shall arise as to whether during any period Executive is disabled so as to be unable to perform the essential 

  
 5 

 
functions of Executive’s then existing position or positions with or without reasonable accommodation, Executive may, and at the request of the Company shall, submit to the Company a
certification in reasonable detail by a physician selected by the Company to whom Executive or Executive’s guardian has no reasonable objection as to whether Executive is so disabled or how long such disability is expected to continue, and such
certification shall for the purposes of this Agreement be conclusive of the issue. Executive shall cooperate with any reasonable request of the physician in connection with such certification. If such question shall arise and Executive shall fail to
submit such certification, the Company’s determination of such issue shall be binding on Executive. Upon a termination of Executive’s employment due to disability, the Company shall pay or provide to the Executive (or to his authorized
representative or estate) the Accrued Obligations. Nothing in this Section 5(f) shall be construed to waive Executive’s rights, if any, under existing law including, without limitation, the Family and Medical Leave Act of 1993, 29 U.S.C.
§2601 et seq. and the Americans with Disabilities Act, 42 U.S.C. §12101 et seq. 

(g)    Death. Executive’s employment and all obligations of the Company hereunder shall terminate in the event
of the death of Executive other than any obligation to pay the Accrued Obligations to the Executive’s designated beneficiary or his estate. 

(h)    Change in Control Payment. The provisions of this Section 5(h) set forth certain terms of an agreement
reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s
continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 5(e) regarding
severance pay and benefits upon a termination of employment, if such termination of employment occurs within twelve months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no
further force or effect beginning twelve months after the occurrence of a Change in Control. 

(i)    Change in Control. If within twelve months after a Change in Control, the Executive’s
employment is terminated by the Company without Cause as provided in Section 5(d) or the Executive terminates his employment for Good Reason as provided in Section 5(c), then, in addition to the Accrued Obligations, and subject to the signing of the
Release Agreement by Executive and the Release Agreement becoming irrevocable, all within 60 days after the Date of Termination, then the Company shall provide to Executive the following Termination Benefits: 

(A)    to the extent not paid prior to Executive’s Date of Termination, Executive’s annual cash
bonus for the year prior to the year in which Executive’s employment was terminated, determined based upon the Company’s and Executive’s actual performance, paid as and when such annual cash bonuses are paid to similarly situated
active employees of the Company but in no event later than March 15 of the calendar year in which Executive’s Date of Termination occurs; and 

  
 6 

 (B)    an amount equal to Executive’s target annual
cash bonus opportunity, assuming full attainment of Company milestones at target level (“Target Bonus”) for the year in which the Change in Control occurs, or the year in which Executive’s employment is terminated, whichever is
greater, multiplied by a fraction the numerator of which is the number of days in the year up to the Date of Termination and the denominator of which is 365, paid in cash in a lump sum; and 

(C)    payment equal to the sum of (1) Executive’s Base Salary as in effect on the Date of
Termination or the date of the Change in Control, whichever is greater; plus (2) Executive’s Target Bonus for the year in which the Executive’s employment is terminated, or, in the event such Target Bonus has not yet been
established, Executive’s Target Bonus for the year prior to the year in which Executive’s employment was terminated, paid in cash in a lump sum (payment shall be subject to withholding under applicable law); and 

(D)    provided Executive elects and remains eligible for COBRA benefits, the Company will pay to
Executive a monthly cash payment through the earliest of: (1) twelve months after the Date of Termination, (2) the date when Executive becomes eligible for group medical plan participation under any subsequent employer’s group
medical plan, or (3) the date Executive is no longer eligible for COBRA, in an amount equal to the monthly employer contribution that the Company would have made to provide health insurance to Executive if Executive had remained employed
by the Company. 
 The Company shall have the right to terminate all of the Termination Benefits set forth herein in the event that Executive
fails to comply in any material respect with Executive’s Continuing Obligations under this Agreement. Notwithstanding the foregoing, nothing in this Section 5(h) shall be construed to affect Executive’s right to receive COBRA continuation
entirely at Executive’s own cost to the extent that Executive may continue to be entitled to COBRA continuation after Executive’s right to cost sharing under Section 5(h)(i)(D) ceases. The Company and Executive agree that the Termination
Benefits paid by the Company to Executive under this Section 5(h) shall be in full satisfaction, compromise and release of any claims arising exclusively out of any termination of Executive’s employment pursuant to Section 5(c) or Section 5(d)
within the twelve month period following a Change in Control, and that the payment of the Termination Benefits shall be contingent upon Executive’s delivery of a Release Agreement, it being understood that no Termination Benefits shall be
provided unless and until such Release Agreement becomes fully effective. The Company may pay or commence payment of the Termination Benefits hereunder at any time within 60 days after the Date of Termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, the Termination Benefits shall be paid or commence to be paid in the second calendar year by the last day of such 60-day period. 

  
 7 

 (ii)    Additional Limitation. 

(A)    Anything in this Agreement to the contrary notwithstanding, in the event that the amount of any
compensation, payment or distribution by the Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, calculated in a manner consistent with Section
280G of the Internal Revenue Code of 1986, as amended (the “Code”) and the applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, then the
Aggregate Payments shall be reduced (but not below zero) so that the sum of all of the Aggregate Payments shall be $1.00 less than the amount at which the Executive becomes subject to the excise tax imposed by Section 4999 of the Code;
provided that such reduction shall only occur if it would result in the Executive receiving a higher After Tax Amount (as defined below) than the Executive would receive if the Aggregate Payments were not subject to such reduction. In such event,
the Aggregate Payments shall be reduced in the following order, in each case, in reverse chronological order beginning with the Aggregate Payments that are to be paid the furthest in time from consummation of the transaction that is subject to
Section 280G of the Code: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits; provided that in the case of all the foregoing Aggregate Payments all amounts or payments that are not subject to calculation under Treas. Reg.
§1.280G-1, Q&A-24(b) or (c) shall be reduced before any amounts that are subject to calculation under Treas. Reg. §1.280G-1, Q&A-24(b) or (c). 
 (B)    For purposes of this Section 5(h)(ii),
the “After Tax Amount” means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For
purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made,
and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

 (C)    The determination as to whether a reduction in the Aggregate Payments shall be made pursuant
to Section 5(b)(i) shall be made by a nationally recognized accounting firm selected by the Company (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Executive within 15 business days
of the Date of Termination, if applicable, or at such earlier time as is reasonably requested by the Company or the Executive. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. 

  
 8 

 (iii)    Definitions. For purposes of this
Section 5, “Change in Control” shall mean (i) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity, (ii) a merger, reorganization or
consolidation pursuant to which the outstanding shares of the Company’s capital stock are converted into or exchanged for securities of the successor entity and the holders of the Company’s outstanding voting power immediately prior to
such transaction do not own a majority of the outstanding voting power of the successor entity (or ultimate parent) immediately upon completion of such transaction, (iii) the sale of all of the Company’s outstanding capital stock to
an unrelated person or entity, or (iv) any other transaction in which, the owners of the Company’s outstanding voting power prior to such transaction do not own at least a majority of the outstanding voting power of the successor
entity (or ultimate parent) immediately upon completion of the transaction; provided, that such transaction also constitutes a change in ownership or effective control of the Company or in the ownership of a substantial portion of the assets
of the Company, determined in accordance with Section 409A of the Code. 
 (i)    Continuing Obligations.
Notwithstanding termination of this Agreement as provided in this Section 5 or any other termination of Executive’s employment with the Company, Executive’s obligations under Section 6 hereof (collectively, the
“Continuing Obligations”) shall survive any termination of Executive’s employment with the Company at any time and for any reason. 

6.    Confidentiality; Proprietary Rights; Non-Competition and Non-Solicitation. 
 (a)    In the course of performing services on behalf of the
Company (for purposes of this Section 6 including all predecessors of the Company) and its affiliates, Executive has had and from time to time will have access to Confidential Information (as defined below). Executive agrees (i) to
hold the Confidential Information in strict confidence, (ii) not to disclose the Confidential Information to any person (other than in the regular business of the Company or its affiliates), and (iii) not to use, directly or
indirectly, any of the Confidential Information for any purpose other than on behalf of the Company and its affiliates or in connection with the Permitted Activities. All documents, records, data, apparatus, equipment and other physical property,
whether or not pertaining to Confidential Information, that are furnished to Executive by the Company, its affiliates or any subsidiary thereof or are produced by Executive in connection with Executive’s employment will be and remain the sole
property of the Company, its affiliates or such subsidiary, as applicable. Upon the termination of Executive’s employment with the Company and its subsidiaries for any reason and as and when otherwise requested by the Company, all Confidential
Information (including, without limitation, all data, memoranda, customer lists, notes, programs and other papers and items, and reproductions thereof relating to the foregoing matters) in Executive’s possession or control, shall be immediately
returned to the Company. The term “Confidential Information” shall mean all information pertaining to the Company, its affiliates or any subsidiary thereof which is not publicly available or the disclosure of which could result in a
competitive or other disadvantage to the Company, its affiliates or any subsidiary thereof. Confidential Information may include 

  
 9 

 
information, whether or not patentable or copyrightable, in written, oral, electronic or other tangible or intangible forms, stored in any medium, including, by way of example and without
limitation, trade secrets, ideas, concepts, designs, configurations, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts processes, techniques, formulas, software, improvements, inventions, data, know-how, discoveries, copyrightable materials, marketing plans and strategies, sales and financial reports and forecasts, cost and performance data, debt arrangements, equity structure, purchasing and sales data,
price lists, customer lists, studies, reports, records, books, contracts, instruments, surveys, computer disks, diskettes, tapes, computer programs, corporate information, including, by way of example and without limitation, policies, resolutions,
negotiations or litigation, operational information, personnel information and business plans, prospects and opportunities (such as possible acquisitions or dispositions of businesses or facilities) which have been discussed or considered by the
management of the Company, its affiliates or any subsidiary thereof (and of which Executive has knowledge). Confidential Information includes information developed by Executive in the course of Executive’s employment by the Company and its
subsidiaries, as well as other information to which Executive may have access in connection with Executive’s employment. Confidential Information also includes the confidential information of others with which the Company, its affiliates or any
subsidiary thereof has a business relationship. Notwithstanding the foregoing, Confidential Information does not include information in the public domain, unless due to breach of Executive’s duties under this Section 6(a). 

(b)    Nothing contained in this Agreement shall be construed to limit Executive’s ability to communicate with any
federal, state or local governmental agency or commission, including to provide documents or other information, without notice to the Company. In addition, nothing in this Agreement shall be construed to limit Executive’s ability to share
compensation information concerning Executive or others, except that this does not permit Executive to disclose compensation information concerning others that Executive obtains because Executive’s job responsibilities require or allow access
to such information. 
 (c)    Pursuant to the federal Defend Trade Secrets Act of 2016, Executive shall not be held
criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to
an attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under
seal. 
 (d)    Executive hereby confirms that Executive is not bound by the terms of any agreement that restricts in
any way Executive’s use or disclosure of information relevant to the business or activities in which the Company or its subsidiaries are currently engaged in (“Company Business”) or Executive’s engagement in any business.
Executive represents to the Company that Executive’s execution of this Agreement, Executive’s employment with the Company and the performance of Executive’s proposed duties for the Company will not violate any obligations Executive
may have to any other party. In Executive’s work for the Company, Executive will not disclose or make use of any information in violation of any agreements with or rights of any such other party, and Executive will not bring to the premises of
the Company any copies or other tangible embodiments of non-public information belonging to or obtained from any such previous employment or other party. 

  
 10 

 (e)    During and after Executive’s employment, Executive shall
reasonably cooperate with the Company in the defense, procurement, maintenance and enforcement of (i) any claims or actions (other than those brought by Executive) now in existence or which may be brought in the future against or on behalf of
the Company, its affiliates or any subsidiary thereof that relate to events or occurrences that transpired while Executive was employed by the Company, and (ii) Intellectual Property Rights (as defined below) in Company-Related
Developments (as defined below). Executive’s full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness at
mutually convenient times but shall not include, for any period after Executive’s employment with the Company has terminated, any activities that materially interfere with Executive’s new employment obligations. During and after
Executive’s employment, Executive also shall reasonably cooperate in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that
transpired while Executive was employed by the Company (to the extent such cooperation does not conflict with or impair Executive’s legal rights in connection with any such matter). Executive will sign all papers, including, without limitation,
copyright applications, patent applications, declarations, oaths, assignments of priority rights, and powers of attorney, which the Company may reasonably deem necessary or desirable in order to protect its rights and interests in any
Company-Related Development. If the Company is unable, after reasonable effort, to secure Executive’s signature on any such papers, Executive hereby irrevocably designates and appoints each officer of the Company as Executive’s agent and attorney-in-fact to execute and file any such papers on Executive’s behalf as the Company may deem reasonably necessary or desirable in order to properly assign to the Company all rights and interests of
Executive in any Company-Related Development. The Company shall reimburse Executive for any reasonable out-of-pocket expenses incurred in connection with Executive’s performance of obligations
pursuant to this Section 6(c). 
 (f)    Executive recognizes that the Company and its affiliates possess a proprietary
interest in all of the information described in Section 6(a) and have the right and privilege to use, protect by copyright, patent or trademark, or otherwise exploit the processes, ideas and concepts described therein to the exclusion of Executive,
except as otherwise agreed between the Company and Executive in writing and subject to Executive’s ability to participate in the Permitted Activities. Executive expressly agrees that all work performed by Executive is on a “work for
hire” basis, and Executive hereby does assign and transfer, and will assign and transfer, to the Company and its successors and assigns all of Executive’s right, title and interest in all works of authorship, speeches, products,
developments, inventions, discoveries, improvements, and creative works (whether or not able to be protected by copyright, patent or trademark) created during Executive’s employment with the Company that (i) relate to the business of the
Company or any subsidiary thereof or any client of the Company or any subsidiary thereof or any of the products or services being researched, developed, manufactured or sold by the Company or any subsidiary thereof or which may be used with such
products or services, (ii) result from tasks assigned to Executive by the Company or any subsidiary thereof; or (iii) result in any material manner from the use of premises or personal property (whether tangible or
intangible) owned, leased or contracted for by the Company or any subsidiary thereof (collectively, “Company-Related Developments”), and all related patents, patent applications, trademarks and trademark applications, copyrights and
copyright applications, and other intellectual property rights in all countries and territories worldwide and under any international conventions (“Intellectual Property Rights”). Executive further agrees that any and all Company-Related
Developments shall be promptly disclosed to the Company. 

  
 11 

 (g)    Executive agrees, while he is employed by the Company, to offer or
otherwise make known or available to it, as directed by the Board of Directors of the Company without additional compensation or consideration, any business prospects, contracts or other business opportunities that Executive may discover, find,
develop or otherwise have available to Executive that relate to the Company Business and further agrees that any such prospects, contacts or other business opportunities shall be the property of the Company. 

(h)    Executive accepts and agrees to the following obligations to protect the Confidential Information and the
Company’s goodwill, including all goodwill that Executive develops and is expected to develop in the course of Executive’s employment with the Company: 

(i)    Executive hereby agrees that during the period commencing on the date hereof and ending (subject to
subsection (iii) below) on the date that is two years (or one year, if Executive’s employment has terminated pursuant to Section 5(c) or 5(d) above) (“Restricted Period”) following the date of the termination of
Executive’s employment with the Company or with any of its subsidiaries, Executive will not, without the express written consent of the Company, directly or indirectly, anywhere in the United States or in any foreign country in which the
Company (or any subsidiary) has conducted business, is conducting business or, to Executive’s knowledge, is contemplating conducting business, engage in any activity which is competitive with any of the business, activities, products or
services conducted or offered or contemplated to be conducted or offered by the Company or its subsidiaries during any period in which Executive serves as an officer or employee of the Company or any of its subsidiaries, or participate or invest in,
or provide or facilitate the provision of financing to, or assist (whether as owner, part-owner, shareholder, member, partner, director, officer, trustee, employee, agent or consultant, or in any other capacity), any business, organization or person
other than the Company (or any subsidiary or affiliate of the Company), and including any such business, organization or person involving, or which is, a family member of Executive, whose business, activities, products or services are competitive
with any of the business, activities, products or services conducted or offered by the Company or its subsidiaries during any period in which Executive serves as an officer or employee of the Company or any of its subsidiaries. 

(ii)    Without implied limitation of the foregoing covenant, Executive further agrees that during the
applicable Restricted Period, Executive shall refrain from (A) hiring or engaging or attempting to hire or engage for or on behalf of Executive or any other person or entity, any officer or employee of the Company or any of its direct and/or
indirect subsidiaries, or any former employee of the Company and any of its direct and/or indirect subsidiaries who was employed during the six (6) month period immediately preceding the date of such attempt to hire or engage, other than
by general solicitation through advertisements, (B) encouraging for or on behalf of Executive or any other person or entity, any such officer or employee to terminate his relationship or employment with the Company or any of its direct
or indirect subsidiaries, other than by general solicitation through advertisements, (C) soliciting for or on behalf of Executive or 

  
 12 

 
any other person or entity any client of the Company or any of its direct or indirect subsidiaries, or any former client of the Company or any of its direct or indirect subsidiaries and
affiliates who was a client during the six (6) month period immediately preceding the date of such solicitation, to purchase any product or service competitive with any product or service offered by the Company or, to the knowledge of
Executive, planned to be offered by the Company, and (D) diverting to any person (as hereinafter defined) any client or business opportunity of the Company or any of any of its direct or indirect subsidiaries. 

(iii)    The “Restricted Period” shall be extended by any period during which Executive engages
in any violation of the restrictive period during which Executive engages in any violation of the restriction in subsections (i) or (ii) above. 

(iv)    Notwithstanding anything herein to the contrary, Executive may make passive investments in any
enterprise the shares of which are publicly traded if such investment constitutes less than two percent (2%) of the equity of such enterprise. 

(v)    Neither Executive nor any business entity controlled by Executive is a party to any contract,
commitment, arrangement or agreement which could, following the date hereof, restrain or restrict the Company or any subsidiary of the Company from carrying on its business or restrain or restrict Executive from performing his employment
obligations, and as of the date of this Agreement Executive has no business interests whatsoever in or relating to the industries in which the Company or its subsidiaries currently engage, and other than passive investments in the shares of public
companies of less than two percent (2%). 
 (vi)    In the event that Executive violates this
Section 6, Executive shall be liable to the Company for all of the reasonable attorney’s fees and other expenses that the Company incurs in its enforcement of this Section 6, in addition to any and all other remedies to which
the Company is entitled. 
 (i)    Executive acknowledges that the provisions of this Section 6 are integral parts
of Executive’s employment arrangements with the Company. 
 7.    Parties in Interest; Certain Remedies. It
is specifically understood and agreed that Section 6 of this Agreement is intended to confer a benefit, directly or indirectly, on the Company, its affiliates and their direct and indirect subsidiaries, and that any breach of any of the
provisions of Section 6 by Executive will result in irreparable injury to the Company, its affiliates and their direct and indirect subsidiaries, that the remedy at law alone will be an inadequate remedy for such breach and that, in addition to
any other remedy it may have, the Company, its affiliates and their direct and indirect subsidiaries shall be entitled to enforce the specific performance of this Agreement by Executive through temporary and permanent injunctive relief without the
necessity of posting a bond or proving actual damages, but without limitation of their right to damages and any and all other legal and equitable remedies available to them, it being understood that injunctive relief is in addition to, and not in
lieu of, such other remedies. 

  
 13 

 8.    Dispute Resolution. All disputes, claims, or controversies
arising out of or relating to this Agreement or any other agreement executed and delivered pursuant to this Agreement or the negotiation, validity or performance hereof and thereof or the rights and obligations of the parties hereunder or
thereunder, and any and all other disputes between the parties, including without limitation any and all claims based in contract, tort or any statute, including statutory discrimination and compensation claims, that are not resolved by mutual
agreement shall be resolved solely and exclusively by binding arbitration to be conducted before JAMS/Endispute, Inc. or its successor. The arbitration shall be held in Boston, Massachusetts before a single arbitrator and shall be conducted in
accordance with the rules and regulations promulgated by JAMS/Endispute, Inc. unless specifically modified herein. In the event that any representative or affiliate of the Company may be a party with regard to any controversy or claim involving
Executive, such controversy or claim shall be submitted to arbitration subject to such other agreement. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This section shall be specifically
enforceable. Notwithstanding the foregoing, this section shall not preclude either party from pursuing a court action for the sole purpose of obtaining a temporary restraining order or a preliminary injunction in circumstances in which such relief
is appropriate; provided that any other relief shall be pursued through an arbitration proceeding pursuant to this section. 

9.    Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be
deemed to have been duly given if delivered personally or mailed by certified or registered mail (return receipt requested) as follows: 
  

			
	To the Company:	  	Monotype Imaging Inc.
		  	600 Unicorn Park Drive
		  	Woburn, MA 01801
		  	Attn: President
		  	With a copy to: General Counsel
		  	Facsimile No.: 781-970-6001

  
 14 

			
	To Executive:	  	Anthony Callini
		  	c/o Monotype Imaging Inc.
		  	600 Unicorn Park Drive
		  	Woburn, MA 01801

 or to such other address of which any party may notify the other parties as provided above. Notices shall be effective as of
the date of such delivery or mailing. 
 10.    Scope of Agreement. The parties acknowledge that the time, scope,
geographic area and other provisions of Section 6 have been specifically negotiated by sophisticated parties and agree that all such provisions are reasonable under the circumstances of Executive’s contemplated employment, and are given as
an integral and essential part of the employment contemplated hereby. Executive has been advised to independently consult with counsel concerning the reasonableness and propriety of the covenants contained herein, with specific regard to the
business to be conducted by Company and its subsidiaries and affiliates, and represents that the Agreement is intended to be, and shall be, fully enforceable and effective in accordance with its terms. 

11.    Severability. In the event that any covenant contained in this Agreement shall be determined by any court of
competent jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it shall be interpreted to extend only over the
maximum period of time for which it may be enforceable and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to which it may be enforceable, all as determined by such court
in such action. 
 12.    Insurance; Indemnification. The Company shall maintain directors and officers liability
insurance with such coverage and other terms and conditions as the Board of Directors shall in good faith deem appropriate for the Company. The Company shall also indemnify Executive to the maximum extent permitted under applicable law against all
liabilities and expenses, including amounts paid in satisfaction of judgments, in compromise, or as fines and penalties, and counsel fees, reasonably incurred by Executive in connection with the defense or disposition of any civil, criminal,
administrative or investigative action, suit or other proceeding, whether civil or criminal, in which he may be involved or with which he may be threatened, while an officer or director of the Company or any of its subsidiaries or thereafter, by
reason of Executive’s being or having been an officer or director of the Company or any of its subsidiaries. 
 Expenses (including attorney’s
fees) incurred by Executive in defending any such action, suit or other proceeding shall be paid by the Company in advance of the final disposition of such action suit, or proceeding upon receipt of any undertaking by or on behalf of Executive to
repay such amount if it shall be ultimately determined that he is not entitled to be indemnified by the Company. The right of indemnification provided herein shall not be exclusive of or affect any other rights to which Executive may be entitled.
The provisions hereof shall survive expiration or termination of this Agreement for any reason whatsoever. 

  
 15 

 13.    Consent to Jurisdiction. To the extent that any court action is
permitted consistent with or to enforce Section 6 of this Agreement, the parties hereby consent to the jurisdiction of the Superior Court of the Commonwealth of Massachusetts and the United States District Court for the District of
Massachusetts. Accordingly, with respect to any such court action, Executive submits to the personal jurisdiction of such courts. 

14.    Integration. This Agreement constitutes the entire agreement between the parties with respect to the subject
matter hereof and supersedes all prior agreements between the parties concerning such subject matter, including without limitation the Prior Agreement. 

15.    Withholding. All payments made by the Company to Executive under this Agreement shall be net of any tax or
other amounts required to be withheld by the Company under applicable law. 
 16.    Notices. Any notices,
requests, demands and other communications provided for by this Agreement shall be sufficient if in writing and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid,
return receipt requested, to Executive at the last address Executive has filed in writing with the Company or, in the case of the Company, at its main offices, attention of the Board. 

17.    Amendment. This Agreement may be amended or modified only by a written instrument signed by Executive and by
a duly authorized representative of the Company. 
 18.    Miscellaneous. The failure of either of the parties to
require the performance of a term or obligation or to exercise any right under this Agreement or the waiver of any breach hereunder shall not prevent subsequent enforcement of such term or obligation or exercise of such right or the enforcement at
any time of any other right hereunder or be deemed a waiver of any subsequent breach of the provision so breached, or of any other breach hereunder. This Agreement shall inure to the benefit of, and be binding upon and assignable to, successors of
the Company by way of merger, consolidation or sale and may not be assigned by Executive. This Agreement supersedes and terminates all prior understandings and agreements between the parties (or their predecessors) relating to the subject matter
hereof, including without limitation the Prior Agreement. For purposes of this Agreement, the term “person” means an individual, corporation, partnership, association, trust or any unincorporated organization; a “subsidiary”
means any corporation more than 50 percent of whose outstanding voting securities, or any partnership, joint venture or other entity more than 50 percent of whose total equity interest, is directly or indirectly owned by such person; and
an “affiliate” of a person shall mean, with respect to a person or entity, any person or entity which directly or indirectly controls, is controlled by, or is under common control with such person or entity. 

19.    Section 409A. 

(a)    Anything in this Agreement to the contrary notwithstanding, if at the time of Executive’s separation from
service within the meaning of Section 409A of the Code, the Company determines that Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that Executive
becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 percent 

  
 16 

 
additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not
be provided until the date that is the earlier of (A) six months and one day after Executive’s separation from service, or (B) Executive’s death. If any such delayed cash payment is otherwise payable on an installment
basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the
installments shall be payable in accordance with their original schedule. 
 (b)    The parties intend that this
Agreement will be administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all
payments hereunder comply with Section 409A of the Code. Each payment pursuant to this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). The
parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits
provided hereunder without additional cost to either party. 
 (c)    The determination of whether and when a separation
from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). 

(d)    The Company makes no representation or warranty and shall have no liability to Executive or any other person if any
provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. 

20.    Governing Law. This is a Massachusetts contract and shall be construed under and be governed in all respects
by the laws of the Commonwealth of Massachusetts, without giving effect to the conflict of laws principles of such Commonwealth. With respect to any disputes concerning federal law, such disputes shall be determined in accordance with the law as it
would be interpreted and applied by the United States Court of Appeals for the First Circuit. 

21.    Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be taken to be an original; but such counterparts shall together constitute one and the same document. 

22.    Gender Neutral. Whenever used herein, a pronoun in the masculine gender shall be considered as including the
feminine gender unless the context clearly indicates otherwise. 

  
 17 

 IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement under seal as of the
date first set forth above. 
  

			
	COMPANY:
	
	MONOTYPE IMAGING INC.
		
	By:	 	 /s/ Scott E. Landers

	Name	 	Scott E. Landers
	Title:	 	President and Chief Executive Officer
	
	EXECUTIVE:
	
	 /s/ Anthony Callini

	Anthony Callini

 [Signature Page to Executive Employment Agreement (Callini)]

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