Document:

Stockholders Agreement

 Exhibit 10.7 
 EXECUTION COPY 
 STOCKHOLDERS’ AGREEMENT 

DATED AS OF 

FEBRUARY 8, 2007 

BY AND AMONG 

WRCA (CYPRUS) HOLDINGS INC., 
 CLOSER US HOLDINGS INC., 
 AND 

THE INVESTORS LISTED 
 ON THE SIGNATURE PAGES HERETO 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
	ARTICLE I DEFINITIONS	  	 	2	  
		
	ARTICLE II RESTRICTIONS ON TRANSFERS OF STOCK	  	 	6	  
			
	 2.1
	  	General Limitations on Transfers	  	 	6	  
		  	2.1.1	  	Transfers Generally	  	 	6	  
		  	2.1.2	  	Recordation	  	 	6	  
		  	2.1.3	  	Obligations of Transferees	  	 	6	  
		  	2.1.4	  	Transfers to Competitors	  	 	7	  
			
	 2.2
	  	Compliance with Securities Laws	  	 	7	  
			
	 2.3
	  	Permitted Transfers	  	 	7	  
		  	2.3.1	  	FPC Transfers	  	 	7	  
		  	2.3.2	  	Non-FPC Investor Transfers	  	 	8	  
		  	2.3.3	  	Permitted Transferees	  	 	8	  
		  	2.3.4	  	Transfer by Permitted Transferees	  	 	9	  
		  	2.3.5	  	Other Transfer Restrictions	  	 	9	  
			
	 2.4
	  	Tag-Along Rights	  	 	9	  
		  	2.4.1	  	Sale Notice	  	 	9	  
		  	2.4.2	  	Tag-Along Election	  	 	9	  
		  	2.4.3	  	Seller’s Rights to Transfer	  	 	10	  
			
	 2.5
	  	Drag-Along Right	  	 	11	  
		  	2.5.1	  	Exercise	  	 	11	  
		  	2.5.2	  	Sale Agreement	  	 	11	  
		  	2.5.3	  	No Liability	  	 	12	  
			
	 2.6
	  	Additional Provisions Relating to Restrictions on Transfers	  	 	12	  
		  	2.6.1	  	Legends	  	 	12	  
		  	2.6.2	  	Copy of Agreement	  	 	12	  
		  	2.6.3	  	Termination of Restrictions	  	 	13	  
		
	ARTICLE III REGISTRATION RIGHTS	  	 	13	  
			
	 3.1
	  	Piggyback and Demand Registrations	  	 	13	  
		  	3.1.1	  	Piggyback Registrations	  	 	13	  
		  	3.1.2	  	Demand Registrations	  	 	14	  
		  	3.1.3	  	Expenses	  	 	14	  
		  	3.1.4	  	Priority in Piggyback and Demand Registrations	  	 	15	  
		  	3.1.5	  	Underwriting Requirements	  	 	15	  
			
	 3.2
	  	Registration Procedures	  	 	15	  

  
 i 

							
	 3.3
	  	Indemnification	  	 	18	  
			
	 3.4
	  	Holdback Agreement	  	 	21	  
			
	 3.5
	  	Deferral	  	 	22	  
		
	ARTICLE IV CALL AND EXCHANGE RIGHTS	  	 	23	  
			
	 4.1
	  	Call Rights	  	 	23	  
			
	 4.2
	  	Exchange Right of Stockholders	  	 	24	  
			
	 4.3
	  	Exchange Right of Holdings	  	 	24	  
			
	 4.4
	  	Exchange Ratio	  	 	25	  
			
	 4.5
	  	Dividends on Parent Common Stock	  	 	25	  
		
	ARTICLE V MISCELLANEOUS	  	 	25	  
			
	 5.1
	  	Effectiveness; Term	  	 	25	  
			
	 5.2
	  	No Voting or Conflicting Agreements	  	 	26	  
			
	 5.3
	  	Composition of the Board of Directors	  	 	26	  
			
	 5.4
	  	Specific Performance	  	 	26	  
			
	 5.5
	  	Notices	  	 	26	  
			
	 5.6
	  	Successors and Assigns	  	 	26	  
			
	 5.7
	  	Recapitalizations and Exchanges	  	 	27	  
			
	 5.8
	  	Governing Law	  	 	27	  
			
	 5.9
	  	Descriptive Headings, Etc	  	 	27	  
			
	 5.10
	  	Amendment	  	 	27	  
			
	 5.11
	  	Severability	  	 	27	  
			
	 5.12
	  	Further Assurances	  	 	28	  
			
	 5.13
	  	Complete Agreement; Counterparts	  	 	28	  
			
	 5.14
	  	Certain Transactions	  	 	28	  
			
	 5.15
	  	No Third-Party Beneficiaries	  	 	28	  
			
	 5.16
	  	Recusals	  	 	28	  

  
 ii 

			
	Schedules	  	
		
	Schedule I	  	Stockholder Holdings of Holdings Common Stock and Parent Common Stock after Closing of the Merger
	Schedule II	  	Executive Management Investors
	Schedule III	  	IRA Investors
	Schedule IV	  	Additional Investors
	Schedule V	  	Executives Subject to Employment Arrangements

  
 iii

 STOCKHOLDERS’ AGREEMENT 

STOCKHOLDERS’ AGREEMENT, dated as of February 8, 2007 (the “Agreement”), by and among WRCA (CYPRUS) HOLDINGS, LTD., a
limited liability company incorporated in Cyprus (“Holdings”), CLOSER US HOLDINGS INC., a Delaware corporation (“Parent”), FOX PAINE CAPITAL FUND III, L.P., a limited partnership organized under the laws of the Cayman Islands
(the “Fund”), FP WRCA COINVESTMENT FUND I, LTD., FP WRCA COINVESTMENT FUND II, LTD., FP WRCA COINVESTMENT FUND III, LTD., FP WRCA COINVESTMENT FUND IV, LTD., FP WRCA COINVESTMENT FUND V, LTD., FP WRCA COINVESTMENT FUND VI, LTD., AND FP
WRCA COINVESTMENT FUND VII, LTD. (such signatory coinvestment funds, collectively, the “Co-Investors”, and together with the Fund and any FPC Affiliate Transferees (as defined below), “FPC”), the executives and directors of
Holdings and Parent and/or related entities set forth on Schedule II hereto (such signatory executives and directors so listed, collectively, the “Executive Management Investors”), the investment retirement accounts set forth on Schedule
III hereto (the “IRA Investors”) and the other parties set forth on Schedule IV hereto (such parties set forth on Schedule IV, the “Additional Investors”). Employees, directors, consultants and other Persons (as defined below)
may be issued shares of Holdings Common Stock (as defined below), Parent Common Stock (as defined below) (or other equity securities of Holdings or Parent) or securities convertible into or exchangeable for Holdings Common Stock or Parent Common
Stock (or other equity securities of Holdings or Parent) subject to the terms of this Agreement, and, if so issued, Holdings and the Fund, without the consent of any other party hereto, may amend this Agreement to allow any such Person Holdings and
the Fund so choose to become an additional Executive Management Investor hereunder and list such Person on Schedule II hereto, to become an additional IRA Investor hereunder and list such Person on Schedule III hereto, or to become an additional
Additional Investor hereunder and list such Person on Schedule IV hereto, or to become an additional member of FPC, subject in each case to such Person becoming a signatory to this Agreement. The parties hereto (other than Holdings) and any other
Person (other than WRCA Finance (Luxembourg) S.à r.l. and its transferees) who shall hereafter acquire shares of Holdings Common Stock or Parent Common Stock (or other equity securities of Holdings or Parent) or securities convertible into or
exchangeable for Holdings Common Stock or Parent Common Stock (or other equity securities of Holdings or Parent) pursuant to the provisions of, and/or subject to the restrictions and rights set forth in, this Agreement (including through
participation in certain Holdings or Parent stock or option plans) are sometimes hereinafter referred to individually as a “Stockholder” or collectively as the “Stockholders.” 

RECITALS 

WHEREAS, as of the date hereof, Holdings will have authorized 2,000,000 ordinary shares of nominal value $0.01 per share (“Holdings
Common Stock”), each share of which is entitled to one vote on all Holdings Stockholder matters as more specifically provided in the articles of association, as amended, of Holdings, and of which 1,608,654 shares of Holdings Common Stock will
be issued and outstanding immediately after the date hereof; 
 WHEREAS, as of the date hereof, Parent will have authorized
5,000,000 shares of Common Stock, par value $0.01 per share (“Parent Common Stock”), each share of which is entitled to one vote on all Parent Stockholder matters as more specifically provided in the

  
 1 

 
restated certificate of incorporation, as amended, of Parent, of which 867,744 shares of Parent Common Stock will be issued and outstanding immediately after the date hereof and 794,843 shares of
Parent Common Stock will be held indirectly by Holdings immediately after the date hereof; 
 WHEREAS, pursuant to the Agreement
and Plan of Merger, dated as of November 2, 2006, as amended and restated as of February     , 2007, by and between Wire Rope Corporation Of America, Inc., a Delaware corporation (“WRCA”), the stockholders
of WRCA, Closer Merger Sub Inc. (“Merger SO”) and Parent (the “Merger Agreement”), Merger Sub will be merged with and into WRCA (the “Merger”) with WRCA as the surviving corporation, in the Merger; 

WHEREAS, in connection with the Merger, certain Executive Management Investors will convert all or a portion of their shares of common
stock of WRCA into shares of Parent Common Stock and certain Executive Management Investors will convert all or a portion of their restricted shares of common stock of WRCA into shares of Holdings Common Stock; 

WHEREAS, in connection with the Merger, WRCA has entered into binding employment arrangements (the “Employment Agreements”)
with certain Executive Management Investors listed on Schedule V; and 
 WHEREAS, the parties hereto desire to restrict the
sale, assignment, transfer, encumbrance or other disposition of the Holdings Common Stock and the Parent Common Stock that the parties hereto own, or may hereafter acquire, and to provide for certain rights and obligations in respect thereof as
hereinafter provided. 
 NOW, THEREFORE, in consideration of the premises and of the terms and conditions contained herein, the
parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 As used in this Agreement, the following terms shall have the
meanings ascribed to them below: 
 “Additional Investor” shall have the meaning ascribed to it in the Preamble hereof.

 “Affected Holder” shall have the meaning ascribed to it in Section 5.11 hereof. 

“Affiliate” of a Person shall mean a Person, directly or indirectly, controlled by, controlling or under common control with
such Person, and, in the case of the Co-Investors, their equity holders. 
 “Agreement” shall have the meaning
ascribed to it in the Preamble hereto. 
 “Applicable Federal Rate” shall have the meaning ascribed to it in
Section 4.1 hereof. 

  
 2 

 “Claims” shall mean losses, claims, damages or liabilities, joint or several,
actions or proceedings (whether commenced or threatened). 
 “Co-Investors” shall have the meaning ascribed to it in
the Preamble hereto. “Competitor” shall have the meaning ascribed to it in Section 2.1.4. 
 “Demand
Registration” shall have the meaning ascribed to it in Section 3.1.2 hereof. 
 “Drag-Along Right” shall
have the meaning ascribed to it in Section 2.5.1 hereof. 
 “Drag-Along Seller” shall have the meaning ascribed
to it in Section 2.5.2 hereof. 
 “Employment Agreements” shall have the meaning ascribed to it in the Recitals
hereof. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934 of the United States of America, as amended.

 “Executive Management Investors” shall have the meaning ascribed to it in the Preamble hereto. 

“Fair Market Value” shall mean the fair market value of Parent Common Stock or Holdings Common Stock, as applicable, as
reasonably determined by the Board of Directors of Holdings in light of all circumstances. 
 “FPC” shall have the
meaning ascribed to it in the Preamble hereto. 
 “FPC Affiliate Transferee” shall have the meaning ascribed to it in
Section 2.3.1 hereof. 
 “Fund” shall have the meaning ascribed to it in the Preamble hereto. 

“Holdings Common Stock” shall have the meaning ascribed to it in the Recitals hereof. 

“Holdings Convertible Securities” shall mean Options (whether vested or unvested) to purchase shares of Holdings Common Stock,
Parent Common Stock in respect of which Holdings Common Stock may be issued pursuant to Sections 4.2 or 4.3, or other securities convertible into or exercisable for shares of Holdings Common Stock. 

“IPO” shall mean an underwritten initial public offering or public offerings (on a cumulative basis) of shares of Holdings
Common Stock pursuant to a registration statement or registration statements under the Securities Act with aggregate gross proceeds to Holdings of at least $75 million. 
 “IRA Investor” shall have the meaning ascribed to it in the Preamble hereto. 
 “Merger” shall have the meaning ascribed to it in the Recitals hereof. 

“Merger Agreement” shall have the meaning ascribed to it in the Recitals hereof. “NASD” shall mean the National
Association of Securities Dealers, Inc. 

  
 3 

 “Nasdaq” shall mean The Nasdaq Stock Market, Inc. 

“Offer Shares” shall have the meaning ascribed to it in Section 2.4.1 hereof. 

“Offeree Stockholders” shall have the meaning ascribed to it in Section 2.4.1 hereof. 

“Options” shall mean options (whether vested or unvested) to purchase shares of Holdings Common Stock from Holdings, whether
granted pursuant to the Stock Incentive Plan or otherwise. 
 “Other Investor” shall mean any Executive Management
Investor or Additional Investor. 
 “Parent” shall have the meaning ascribed to it in the Preamble hereof. 

“Parent Common Stock” shall have the meaning ascribed to it in the Recitals hereof. 

“Permitted Transferee” shall have the meaning ascribed to it in Sections 2.3.3 and 2.3.4 hereof. 

“Person” shall mean an individual, corporation, partnership, limited liability company, joint venture, trust, unincorporated
organization, government (or any department or agency thereof) or other entity. 
 “Piggyback Notice” shall have the
meaning ascribed to it in Section 3.1.1 hereof. 
 “Piggyback Registration” shall have the meaning ascribed to it
in Section 3.1.1 hereof. 
 “Proposed Transferee” means a Person or group (as defined in Section 13(d)(3) of
the Exchange Act) other than any Stockholders or their Affiliates (whether any such Affiliate is such prior to or upon consummation of the proposed Transfer, but not solely by virtue of becoming a party to this Agreement), to whom Holdings Common
Stock is proposed to be Transferred pursuant to the terms of Section 2.4.3(a) or 2.5. 
 “Registrable Securities”
shall mean shares of Holdings Common Stock; provided, however, as to any particular Registrable Securities, once issued, such securities shall cease to be Registrable Securities when (i) a registration statement with respect to
the sale of such securities shall have become effective under the Securities Act and such securities shall have been disposed of in accordance with such registration statement, (ii) such securities shall have been sold pursuant to Rule 144,
(iii) such securities shall have been otherwise transferred and new certificates for such securities not bearing a legend restricting further transfer shall have been delivered by Holdings, or (iv) such securities shall have ceased to be
outstanding (and, in the case of shares of Holdings Common Stock underlying Options granted under the Stock Incentive Plan or underlying Options or warrants granted otherwise, such shares of Holdings Common Stock shall have ceased to be outstanding
after issuance pursuant to the exercise of such Options or warrants). 

  
 4 

 “Registration Expenses” shall mean any and all expenses incident to performance of
or compliance with Article III, including, without limitation, (i) all SEC and stock exchange or the NASD registration and filing fees, (ii) all fees and expenses of complying with securities or “blue sky” laws (including
reasonable fees and disbursements of counsel for the underwriters in connection with “blue sky” qualifications of the Registrable Securities), (iii) all printing, messenger and delivery expenses, (iv) the fees and disbursements
of counsel for Holdings and its Subsidiaries and of the independent public accountants of Holdings and its Subsidiaries, including the expenses of any special audits and/or “cold comfort” letters required by or incident to such performance
and compliance, (v) the reasonable fees and disbursements of one counsel retained by the Stockholders such counsel to be chosen by the Stockholders by vote of a plurality of the shares of such Stockholders being registered) as a group in
connection with each such registration, (vi) any fees and disbursements of underwriters customarily paid by issuers or sellers of securities and the reasonable fees and expenses of any special experts retained in connection with the requested
registration, including any fee payable to a qualified independent underwriter within the meaning of the rules of the NASD, but excluding underwriting discounts and commissions and transfer taxes, if any, (vii) internal expenses of Holdings and
its Subsidiaries (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties) and (viii) securities acts liability insurance (if Holdings elects to obtain such insurance).

 “Rule 144” shall mean Rule 144 (or any successor provision under the Securities Act) under the Securities Act.

 “Sale Notice” shall have the meaning ascribed to it in Section 2.4.1. 

“SEC” shall mean the Securities and Exchange Commission of the United States of America. 

“Section 3.1 Sale Number” shall have the meaning ascribed to it in Section 3.1.4 hereof. 

“Securities Act” shall mean the Securities Act of 1933 of the United States of America, as amended. 

“Stock Incentive Plan” shall mean the WRCA Holdings (Cyprus) Ltd. 2007 Long-Term Incentive Plan. 

“Stockholder” shall have the meaning ascribed to it in the Recitals hereof. 

“Subsidiary Dividend” shall have the meaning ascribed to it in Section 4.1(b) 

“Tag-Along Right” shall have the meaning ascribed to it in Section 2.4.3(a) 

“Tag-Along Seller” shall have the meaning ascribed to it in Section 2.4.3(b) hereof. 

“Tag-Along Shares” shall have the meaning ascribed to it in Section 2.4.2 hereof. 

“Transfer” shall mean to sell, assign, pledge or encumber or otherwise transfer, directly or indirectly, whether or not for
consideration. 

  
 5 

 “Transferee” shall mean any Person to whom a Transfer is made, regardless of the
method of Transfer. 
 “Transferor” shall mean any Person by whom a Transfer is made, regardless of the method of
Transfer. 
 “Violation” shall have the meaning ascribed to it in Section 3.3(a) hereof. 

“WRCA” shall have the meaning ascribed to it in the preamble hereof. 

ARTICLE II 

RESTRICTIONS ON TRANSFERS OF STOCK 
 2.1 General Limitations on Transfers. 
 2.1.1 Transfers Generally.
(a) No Other Investor or IRA Investor shall, (i) at any time prior to an IPO, Transfer any shares of Holdings Common Stock, unless such Transfer is made in accordance with Sections 2.1, 2.2 and 2.6 and pursuant to Sections 2.3, 2.4, 2.5,
or 4.1, or (ii) at any time following and including an IPO, Transfer any shares of Holdings Common Stock unless such Transfer is made in accordance with Sections 2.1, 2.2, and 3.1, and in each case any Transfer by any Other Investor of any
shares of Holdings Common Stock owned as of the date hereof or hereafter acquired in violation of such provisions shall be null and void. 
 (b) No Other Investor or IRA Investor shall, at any time, Transfer any shares of Parent Common Stock, unless such Transfer is made (i) in accordance with Sections 2.1, 2.2 and 2.6 and pursuant to
Sections 2.3, 2.5, 4.1, 4.2 or 4.3, or (ii) with the prior written consent of the Board of Directors of Holdings, and in each case any Transfer by any Other Investor of any shares of Parent Common Stock owned as of the date hereof or hereafter
acquired in violation of these provisions shall be null and void. 
 2.1.2 Recordation. Holdings shall not record upon
its books or on its register of members any Transfer of shares of Holdings Common Stock and Parent shall not record upon its books any Transfer of shares of Parent Common Stock, in each case, except for Transfers in accordance with this Agreement.

 2.1.3 Obligations of Transferees. No Transfer of shares of Holdings Common Stock, or of Parent Common Stock by a
Stockholder otherwise permitted pursuant to this Agreement (other than a Transfer made in or following an IPO in a brokers’ transaction (as such term is defined in Rule 144) or in an underwritten offering, or a Transfer pursuant to a Piggyback
Registration, Demand Registration, pursuant to a Tag-Along Right or Drag-Along Right, or pursuant to Sections 4.1, 4.2 or 4.3) shall be effective unless (a) the Transferee (including a Permitted Transferee pursuant to Section 2.3) shall
have executed an appropriate document in form and substance reasonably satisfactory to Holdings confirming that (i) the Transferee takes such shares subject to all the terms and conditions of this Agreement to the same extent as its Transferor
was bound by and entitled to the benefits of such provisions and (ii) the shares shall bear legends, substantially in the forms required by Section 2.6, and (b) such document shall have been delivered to and approved by Holdings prior
to such Transferee’s acquisition of shares of Holdings Common Stock or Parent Common Stock. 

  
 6 

 2.1.4 Transfers to Competitors. Notwithstanding anything to the contrary in this
Agreement, without the consent of the Board of Directors of Holdings, no Stockholder (other than FPC) shall, at any time, directly or indirectly, Transfer any shares of Holdings Common Stock or Parent Common Stock to any Person who is a Competitor
of Holdings or any of its. Subsidiaries (“Competitor” being defined herein as a Person that competes in a significant way with a substantial business of Holdings or any Subsidiary, or a Person that has a substantial investment in any such
competing entity; provided that an institutional investor or its Affiliates that hold nonvoting debt or less than 5% of the publicly traded equity securities of any such Competitor as a passive portfolio investment shall not be a Competitor)
or to any Affiliate of such a Competitor (other than Transfers to Holdings and its Affiliates) unless such Transfer (a) is made in connection with the exercise of a Tag-Along Right pursuant to Section 2.4 or in connection with the exercise
of a Drag-Along Right pursuant to Section 2.5, in which event such sale may be effected only in accordance with Section 2.4 or Section 2.5, as applicable, or (b) is made in accordance with the terms of this Agreement and is made
pursuant to a widely distributed, underwritten public offering registered under the Securities Act (or an underwritten offering pursuant to the exercise of such other Stockholders’ piggyback registration rights pursuant to Section 3.1.1)
or pursuant to a sale effected through an open market, nondirected broker’s transaction pursuant to Rule 144 in which the seller does not know the identity of the buyer. For purposes of this provision, the good faith determination of a majority
of the entire Board of Directors of Holdings that a proposed Transferee is a Competitor, made within 30 days of written notice to the Board of Directors of Holdings of the proposed Transfer, shall in all respects be conclusive. 

2.2 Compliance with Securities Laws. No Stockholder shall Transfer any shares of Holdings Common Stock or Parent Common Stock
unless the Transfer is made in accordance with the terms of this Agreement and (a) the Transfer is pursuant to an effective registration statement under the Securities Act and in compliance with any other applicable federal securities laws,
foreign securities laws and state securities or “blue sky” laws or (b) such Stockholder shall have furnished Holdings with (i) an opinion of counsel, if reasonably requested by Holdings, which opinion and counsel shall be
reasonably satisfactory to Holdings, to the effect that no such registration is required because of the availability of an exemption from registration under the Securities Act and under any applicable state securities or “blue sky” laws
and that the Transfer otherwise complies with this Agreement and any other applicable federal securities laws and state securities or “blue sky” laws and (ii) such representation and covenants of such Stockholder as are reasonably
requested by Holdings to ensure compliance with any applicable federal securities laws and state securities or “blue sky” laws. 
 2.3 Permitted Transfers. 
 2.3.1 FPC Transfers. (a) FPC may
Transfer any shares of Holdings Common Stock to an Affiliate of FPC (an “FPC Affiliate Transferee”); provided, however, that, if FPC shall have transferred any shares of Holdings Common Stock to an FPC Affiliate Transferee
and, thereafter, such FPC Affiliate Transferee ceases to be an Affiliate of FPC (other than in connection with a liquidation or dissolution of the relevant Affiliate of FPC), then such FPC 

  
 7 

 
Affiliate Transferee shall, within 30 days from the date on which such FPC Affiliate Transferee ceased to be an Affiliate of FPC, transfer such shares of Holdings Common Stock back to FPC or one
or more Affiliates of FPC and such FPC Affiliate Transferee shall cease to be an FPC Affiliate Transferee. 
 (b) FPC shall be
free to Transfer shares of Holdings Common Stock to any Person, in whole at any time or in part from time to time; provided, however, that, if such Person is not FPC or an Affiliate of FPC, such Transfer shall be subject to Sections
2.1, 2.2, 2.3, 2.4, 2.5 and 2.6. Any Transfer by FPC of any shares of Holdings Common Stock owned as of the date hereof or hereafter acquired in violation of such provisions shall be null and void. 

2.3.2 Non-FPC Investor Transfers. (a) The restrictions contained in Section 2.1.1 with respect to Transfers by Executive
Management Investors of shares of Holdings Common Stock or Parent Common Stock shall not apply to any Transfer by an Executive Management Investor: (i) to or among such Executive Management Investor’s spouse, children (including adopted),
grandchildren (including adopted) or other living descendants, or executors, administrators, testamentary trustees or to a trust or family partnership of which there are no principal (i.e., corpus) beneficiaries or partners other than
the grantor or one or more of such Executive Management Investor, spouse or described relatives, executors, administrators, testamentary trustees, or by the laws of descent and distribution and provided that, in the case of a trust, the
existing beneficiaries and/or trustee(s) and/or grantor(s) of such trust have the power to act with respect to the trust’s assets without court approval and, in the case of a family partnership, that the partners thereof have the power to act
with respect to the partnership’s assets without court approval and the partnership is not permitted to (A) distribute assets to Persons who are not among the relatives listed above or (B) have partners who are not among the relatives
listed above, and, in any case, all the partners agree, for the benefit of Holdings and FPC, not to amend such provisions; (ii) to a legal representative of such Executive Management Investor in the event such Executive Management Investor
becomes mentally incompetent or to such Executive Management Investor’s personal representative following the death of such Executive Management Investor (subject to any applicable law); or (iii) with the prior written approval of
Holdings, which approval may be granted or withheld by the Board of Directors of Holdings, in its sole and absolute discretion. 

(b) The restrictions contained in Section 2.1.1 with respect to Transfers by IRA Investors of shares of Holdings Common Stock or
Parent Common Stock shall not apply to any Transfer by an IRA Investor with the prior written approval of Holdings, which approval may be granted or withheld by the Board of Directors of Holdings, in its sole and absolute discretion. 

(c) The restrictions contained in Section 2.1.1 with respect to Transfers by Additional Investors of shares of Holdings Common Stock
or Parent Common Stock shall not apply to any Transfer by an Additional Investor: (i) to its Affiliates or (ii) with the prior written approval of Holdings, which approval may be granted or withheld by the Board of Directors of Holdings,
in its sole and absolute discretion. 
 2.3.3 Permitted Transferees. Transferees to whom Transfers are permitted pursuant
to Sections 2.3.2 are referred to herein as “Permitted Transferees.” Any such permitted Transfer shall be subject to the terms of this Agreement, including compliance with Sections 2.1.3, 2.1.4 and 2.2. 

  
 8 

 2.3.4 Transfer by Permitted Transferees. The restrictions contained in
Section 2.1.1 with respect to Transfers by Other Investors of shares of Holdings Common Stock and Parent Common Stock shall not apply to any Transfer by a Permitted Transferee of an Other Investor, as applicable, to such Other Investor, as the
case may be, or to another Permitted Transferee of such Stockholder, and any such Transferee shall also be a “Permitted Transferee,” subject to the terms of this Agreement, including compliance with Sections 2.1.1 and 2.2. 

2.3.5 Other Transfer Restrictions. The restrictions contained in Sections 2.1.1, 2.4 and 2.5 and the provisions contained in this
Section 2.3 shall be in addition to and not in lieu or limitation of any restrictions on the ownership or Transfer of shares of Holdings Common Stock contained in any stock subscription agreement or Employment Agreement or any analogous
provision of any employment, compensation or benefit agreement or arrangement or other agreement between Holdings or WRCA or any of its Affiliates and any Stockholder; provided, however, that, upon the termination of any such
Employment Agreement or other such agreement or arrangement or lapsing of such restrictions, the restrictions and provisions contained herein shall continue in full force and effect pursuant to this Agreement. 

2.4 Tag-Along Rights. 
 2.4.1 Sale Notice. If, prior to an IPO, FPC proposes to sell any of the Holdings Common Stock owned by it, other than (a) to a Transferee of such Stockholder permitted pursuant to Sections
2.3.1(a) or Article III, (b) pursuant to the exercise of a Drag-Along Right pursuant to Section 2.5, or (c) pursuant to a Demand Registration or a Piggyback Registration, then FPC shall first give written notice (the “Sale
Notice”) to Holdings and to each of the other Stockholders (such other Stockholders, the “Offeree Stockholders”), stating that FPC desires to make such sale, referring to Section 2.4, specifying the number of shares of Holdings
Common Stock proposed to be sold by FPC pursuant to the offer (the “Offer Shares”), and specifying the price, the form of consideration, name and description of the purchaser (including controlling Persons) and the material terms pursuant
to which such sale is proposed to be made. 
 2.4.2 Tag-Along Election. Within seven business days of the date of receipt
of the Sale Notice, each Offeree Stockholder shall deliver to FPC and to Holdings a written notice stating whether the Offeree Stockholder elects to sell a pro rata portion of its Holdings Common Stock (equal to the smallest whole
number greater than (a) the total number of shares of Holdings Common Stock owned by such Offeree Stockholder, plus the total number of shares of Holdings Common Stock then issuable upon exercise of vested Holdings Convertible Securities then
exercisable by such Offeree Stockholder, multiplied by (b) a fraction, (i) the numerator of which is the number of Offer Shares and (ii) the denominator of which is the total number of shares of Holdings Common Stock held by FPC plus
the total number of shares of Holdings Common Stock then issuable upon exercise or conversion of any Holdings Convertible Securities, if applicable, then exercisable or convertible by FPC) to such Proposed Transferee on the same terms, purchase
price and conditions as FPC (with respect to each Offeree Stockholder, its “Tag-Along Shares”). An election pursuant to the first sentence of this Section 2.4.2 shall constitute an irrevocable commitment by the Offeree Stockholder
making such election to sell 

  
 9 

 
such Tag-Along Shares to the Proposed Transferee if the sale of Offer Shares to the Proposed Transferee occurs on the terms contemplated hereby. Such terms may include a maximum number of shares
such Proposed Transferee is willing to purchase, and, in such case, FPC and the Offeree Stockholders selling shares pursuant hereto shall be cut back pro, rata based on the number of shares each such Stockholder is electing to sell. 

2.4.3 Seller’s Rights to Transfer. (a) Third-Party Sale; Tag-Along Buyer. A sale to a Proposed Transferee
pursuant to this Section 2.4 shall only be consummated if the Proposed Transferee shall purchase, within 120 days of the date following the expiration of the seven business day period provided in Section 2.4.2, concurrently with and on the
same terms and conditions and at the same price as the Offer Shares, all of each Offeree Stockholder’s Tag-Along Shares with respect to such sale, in accordance with their elections pursuant to Section 2.4.2, and subject to the last
sentence thereof (the “Tag-Along Right”). 
 (b) Sale Agreement. Each Offeree Stockholder electing to sell
Tag-Along Shares (a “Tag-Along Seller”) agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related agreements, delivering, at the
consummation of such sale, stock certificates and other instruments for such Holdings Common Stock duly endorsed for transfer, free and clear of all liens and encumbrances, and voting or consenting in favor of such transaction (to the extent a vote
or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other appropriate agreements, certificates, instruments and other documents. In addition, each Tag-Along
Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by the sellers in connection with such sale and the monetary obligations and liabilities incurred by the sellers in connection with such
sale. Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) obligations and liabilities for indemnification (including for (i) breaches of representations and warranties made in connection with
such sale by Holdings or any other seller with respect to Holdings or Holdings’ business, (ii) breaches of covenants in effect prior to closing and (iii) other matters), and shall also include amounts paid into escrow or subject to
holdbacks, and amounts subject to post-closing purchase price adjustments, provided that all such obligations are equally applicable on a several and not joint basis to each Tag-Along Seller based on the consideration received by such
Tag-Along Seller. The foregoing notwithstanding, (i) without the written consent of a Tag-Along Seller, the amount of such obligations and liabilities for which such Tag-Along Seller shall be responsible shall not exceed the gross proceeds
received by such Tag-Along Seller in such sale and (ii) a Tag-Along Seller shall not be responsible for the fraud of any other seller or for any indemnification obligations and liabilities for breaches of representations and warranties made by
any other seller with respect to such other seller’s (A) ownership of and title to shares of capital stock of Holdings, (B) organization, (C) authority and (D) conflicts and consents. 

(c) No Liability. Notwithstanding any other provision contained in this Section 2.4.3, there shall be no liability on the
part of Holdings or FPC in the event that the sale pursuant to this Section 2.4.3 is not consummated for any reason whatsoever. The decision whether to effect a Transfer pursuant to this Section 2.4.3 shall be in the sole and absolute
discretion of FPC. 

  
 10 

 2.5 Drag-Along Right. 

2.5.1 Exercise. If, prior to an IPO, FPC proposes to make a sale, in a bona fide arm’s-length transaction or
series of related transactions to a Person not controlled by Fox Paine Management III, LLC, of the beneficial interests in at least 50% of its shares of Holdings Common Stock to a Proposed Transferee, including pursuant to a stock sale, merger,
business combination, recapitalization, consolidation, reorganization, restructuring or similar transaction, FPC shall have the right (a “Drag-Along Right”), exercisable upon 15 days’ prior written notice to the other Stockholders, to
require the other Stockholders (other than any IRA Investors) to sell their shares of Holdings Common Stock, sell Holdings Convertible Securities, or convert or exercise Holdings Convertible Securities into Holdings Common Stock and sell such
Holdings Common Stock, in each case in amounts elected by FPC such that the number of shares of Holdings Common Stock or shares underlying Holdings Convertible Securities to be sold or converted is equal in the aggregate to the smallest whole number
greater than (a) the total number of shares of Holdings Common Stock owned by such Stockholder, plus the total number of shares of Holdings Common Stock then issuable pursuant to Holdings Convertible Securities (whether vested or unvested)
owned by such Stockholder, multiplied by (b) a fraction (i) the numerator of which is the number of shares of Holdings Common Stock (including shares then issuable on the exercise or conversion of Holdings Convertible Securities) FPC
proposes to sell to the Proposed Transferee and (ii) the denominator of which is the total number of shares of Holdings Common Stock held by FPC plus the total number of shares then issuable upon exercise or conversion of any Holdings
Convertible Securities, if applicable, then exercisable or convertible by FPC, to the Proposed Transferee on the same terms and conditions and at the same price (in the case of Options the purchase price of each Option, respectively, shall be equal
to the purchase price attributable to the number of shares of Holdings Common Stock issuable upon exercise of such Option less the exercise price thereof, and in the case of other Holdings Convertible Securities, the purchase price shall be as
determined in good faith by the Board of Directors of Holdings) as FPC would receive in connection with such transaction. 

2.5.2 Sale Agreement. Each Stockholder selling shares of Holdings Common Stock (or Holdings Convertible Securities) pursuant to a
transaction contemplated by this Section 2.5 (a “Drag-Along Seller”) agrees to cooperate in consummating such a sale, including, without limitation, by becoming a party to the sales agreement and all other appropriate related
agreements, delivering, at the consummation of such sale, stock certificates and other instruments for such shares of Holdings Common Stock (or Holdings Convertible Securities) duly endorsed for transfer, free and clear of all liens and
encumbrances, and voting or consenting in favor of such transaction (to the extent a vote or consent is required) and taking any other necessary or appropriate action in furtherance thereof, including the execution and delivery of any other
appropriate agreements, certificates, instruments and other documents. In addition, each Drag-Along Seller shall be severally responsible for its proportionate share of the third-party expenses of sale incurred by FPC in connection with such sale.
Such monetary obligations and liabilities shall include (to the extent such obligations are incurred) monetary obligations and liabilities for indemnification (including for (a) breaches of representations and warranties made in connection with
such sale by Holdings or any other seller with respect to Holdings or Holdings’ business and (b) breaches of covenants in effect prior to closing), and shall also include amounts paid into escrow or subject to holdbacks, and amounts
subject to post-closing purchase price adjustments, provided all such obligations are equally applicable on a several and 

  
 11 

 
not joint basis to each Drag-Along Seller based on the consideration received by such Drag-Along Seller. The foregoing notwithstanding, (a) without the written consent of a Drag-Along
Seller, the amount of such obligations and liabilities for which such Drag-Along Seller shall be responsible shall not exceed the gross proceeds received by such Drag-Along Seller in such sale, (b) a Drag-Along Seller (other than an Executive
Management Investor) shall not be obligated to enter into any non-compete or other post-closing covenant that restricts its activities in any way and (c) a Drag-Along Seller shall not be responsible for the fraud of any other seller or any
indemnification obligations and liabilities for breaches of representations and warranties made by any other seller with respect to such other seller’s (i) ownership of and title to shares of capital stock of Holdings,
(ii) organization, (iii) authority and (iv) conflicts and consents. 
 2.5.3 No Liability. Notwithstanding
any other provision contained in this Section 2.5, there shall be no liability on the part of Holdings or FPC in the event that the sale pursuant to this Section 2.5 is not consummated for any reason whatsoever. The decision whether to
effect a Transfer pursuant to this Section 2.5 shall be in the sole and absolute discretion of FPC. 
 2.6 Additional
Provisions Relating to Restrictions on Transfers. 
 2.6.1 Legends. Each of the Stockholders hereby agrees that each
outstanding certificate representing shares of Holdings Common Stock or Parent Common Stock held or owned by such Stockholder or its Transferee, including any certificate representing shares of Holdings Common Stock or Parent Common Stock acquired
in accordance with the provisions of this Agreement or the Employment Agreements, any certificates representing shares of Holdings Common Stock issued upon exercise or conversion of Holdings Convertible Securities and any Holdings Convertible
Securities, in any case, subject to the provisions of this Agreement and issued prior to the date when the applicable restrictions are terminated pursuant to Section 2.6.3, shall bear endorsements reading substantially as follows: 

(a) The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended, or under the
securities laws of any state and may not be transferred, sold or otherwise disposed of except while such a registration is in effect or pursuant to an exemption from registration under said Act and applicable state securities laws. 

(b) The securities represented by this certificate are subject to the terms and conditions set forth in a Stockholders’ Agreement,
dated as of February     , 2007, as amended from time to time, copies of which may be obtained from the issuer or from the holder of this security. No transfer of such securities will be made on the books of the issuer
unless accompanied by evidence of compliance with the terms of such agreement. 
 Each outstanding certificate representing
shares of Holdings Common Stock shall also bear any legend required by the terms of any subscription agreement or as Holdings may otherwise deem appropriate. 
 2.6.2 Copy of Agreement. A copy of this Agreement shall be filed with the corporate secretary of Holdings, and kept with the records of Holdings, and shall be made available for inspection by any
Stockholder at the principal executive offices of Holdings. 

  
 12 

 2.6.3 Termination of Restrictions. The restriction referred to in the endorsement
required pursuant to Section 2.6.1(a) shall cease and terminate as to any particular shares of Holdings Common Stock or Parent Common Stock when, in the reasonable opinion of counsel for Holdings, such restriction is no longer required in order
to assure compliance with the Securities Act and the state securities or “blue sky” laws. Holdings or Holdings’ counsel, at their election, may request from any Stockholder a certificate or an opinion of such Stockholder’s
counsel with respect to any relevant matters in connection with the removal of the endorsement set forth in Section 2.6.1(a) from such Stockholder’s stock certificates, any such certificate or opinion of counsel to be reasonably
satisfactory to Holdings and its counsel. The restrictions referred to in Section 2.6.1(b) shall cease and terminate as to any particular shares of Holdings Common Stock or Parent Common Stock when, in the reasonable opinion of counsel for
Holdings, the provisions of this Agreement are no longer applicable to such shares or this Agreement shall have terminated in accordance with its terms. Any other restrictions referred to in any other legends required pursuant to Section 2.6.1
shall cease and terminate when, in the reasonable opinion of counsel for Holdings, such restrictions are no longer applicable. Whenever such restrictions shall cease and terminate as to any shares of Holdings Common Stock, Parent Common Stock or
Holdings Convertible Securities, the Stockholder holding such shares shall be entitled to receive from Holdings or Parent, as applicable, without expense (other than applicable transfer taxes, if any, if such unlegended shares are being delivered
and transferred to any Person other than the registered holder thereof), new certificates for a like number of shares of Holdings Common Stock or Parent Common Stock or like number of Holdings Convertible Securities not bearing the relevant
legend(s) set forth or referred to in Section 2.6.1. 
 ARTICLE III 

REGISTRATION RIGHTS 
 3.1 Piggyback and Demand Registrations 
 3.1.1 Piggyback
Registrations. If at any time following an IPO, Holdings proposes to register for sale by Holdings under the Securities Act any of its equity securities (other than a registration on Form S-4 or Form S-8, or any successor or similar forms or a
Piggyback Registration), or any shares of Holdings Common Stock of FPC pursuant to a Demand Registration under Section 3.1.2, in a manner that would permit registration of Registrable Securities for sale to the public under the Securities Act,
Holdings will each such time promptly give written notice to all Stockholders who beneficially own any Registrable Securities of its intention to do so, of the registration form of the SEC that has been selected by Holdings and of such holders’
rights under this Section 3.1 (the “Piggyback Notice”). Holdings will use its reasonable best efforts to include, and to cause the underwriter or underwriters, if applicable, to include, in the proposed offering, on the same terms and
conditions as the securities of Holdings included in such offering, all Registrable Securities that Holdings has been requested in writing, within 15 calendar days after the Piggyback Notice is given, to register by the Stockholders thereof (each
such registration pursuant to this Section 3.1.1, a “Piggyback Registration”); provided, however, that (a) if, at any time after giving a Piggyback Notice and prior to the effective date of the registration
statement filed in connection with such registration, 

  
 13 

 
Holdings shall determine for any reason not to register such equity securities (or, in the case of a Demand Registration, FPC thereof so determines), Holdings may, at its election (or, in the
case of a Demand Registration, where FPC so determines, Holdings shall), give written notice of such determination to all Stockholders who beneficially own any Registrable Securities and, thereupon, shall be relieved of its obligation to register
any Registrable Securities in connection with such abandoned registration, and (b) in case of a determination by Holdings to delay registration of its equity securities (or, in the case of a Demand Registration, FPC so determines) Holdings
shall be permitted to (or, in the case of a Demand Registration where FPC so determines, Holdings, for a period not to exceed 60 days, shall) delay the registration of such Registrable Securities for the same period as the delay in registering such
other equity securities (provided that clauses (a) and (b) above shall not relieve Holdings of its obligations under Section 3.1.2). In the case of any registration of Registrable Securities in an underwritten offering pursuant to
this Section 3.1.1, all Stockholders proposing to distribute their securities pursuant to this Section 3.1.1 shall, at the request of Holdings (or, in the case of a Demand Registration, FPC), enter into an agreement in customary form with
the underwriter or underwriters selected by Holdings (or, in the case of a Demand Registration, selected in accordance with Section 3.1.2). Notwithstanding the foregoing, following an IPO, Holdings shall not be obligated to effect registration
of Registrable Securities for which Piggyback Registration is requested by a Stockholder if, at the time of such request, all such Registrable Securities are eligible for sale to the public by the requesting Stockholder without registration under
Rule 144, with such sale not being limited by the volume restrictions thereunder. 
 3.1.2 Demand Registrations.
Holdings, following the consummation of or in connection with an IPO, upon the request of FPC, shall use its reasonable best efforts to register under the Securities Act Registrable Securities held by FPC (including, at the election of FPC, in an
underwritten offering) and any other Stockholders participating in such Demand Registration (provided, however that the aggregate expected market value of all such Registrable Securities included in such registration is greater than or
equal to $2 million) and bear all expenses in connection with such offering in a manner consistent with Section 3.1.3 and shall enter into such other agreements in furtherance thereof (each such registration pursuant to this Section 3.1.2,
a “Demand Registration”), and Holdings shall provide customary indemnifications in such instances (in a manner consistent with the indemnification provision of this Article III) to FPC, other Stockholders included in such registration and
any such underwriters. So long as FPC holds, in the aggregate (and including any shares underlying Holdings Convertible Securities held by FPC), 50% or more of the shares of Holdings Common Stock then outstanding, FPC shall have the right to
initiate any number of Demand Registrations pursuant to this Section 3.1.2, and may initiate up to five Demand Registrations at any other time. A registration shall not count as a Demand Registration unless and until the registration statement
relating thereto has been declared effective by the SEC and not withdrawn. If any Demand Registration requested by FPC is in the form of an underwritten offering, FPC shall designate the underwriter or underwriters to be utilized in connection such
offering. 
 3.1.3 Expenses. Holdings shall pay all Registration Expenses (subject to applicable law) in connection with
each registration of Registrable Securities requested pursuant to this Section 3.1; provided, however, that each Stockholder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of such Stockholder’s Registrable Securities pursuant to a registration statement effected pursuant to this Section 3.1. 

  
 14 

 3.1.4 Priority in Piggyback and Demand Registrations. If the managing underwriter for
a registration pursuant to this Section 3.1 shall advise Holdings in writing that, in its opinion, the number of securities requested to be included in such registration exceeds the number (the “Section 3.1 Sale Number”) that can be
sold in an orderly manner in such offering within a price range acceptable to Holdings (or, in the case of a Demand Registration, to FPC), Holdings shall include in such offering (a) first, all the securities Holdings proposes to register for
its own sale (or, in the case of a Demand Registration, all the securities that FPC desires to have registered), and (b) second, to the extent that the securities Holdings proposes to register (or, in the case of a Demand Registration, the
securities that FPC desires to have registered) are less than the Section 3.1 Sale Number, all Registrable Securities requested to be included by all Stockholders (other than FPC, in the case of a Demand Registration); provided,
however, that, if the number of such Registrable Securities exceeds (i) the Section 3.1 Sale Number less (ii) the number of securities included pursuant to clause (a) above, then the number of such Registrable Securities
included in such registration shall be allocated pro rata among all requesting Stockholders, on the basis of the relative number of shares of such Registrable Securities each such Stockholder then holds. If there is any reduction or
exclusion of Registrable Securities pursuant to this Section 3.1.4 in connection with a Demand Registration, such registration shall not be deemed to be a Demand Registration for purposes of determining the maximum number of Demand
Registrations Holdings is obligated to effect for FPC pursuant to Section 3.1.2. 
 3.1.5 Underwriting Requirements.
In connection with any offering involving any underwriting of securities in a Piggyback Registration, Holdings shall not be required to include any Stockholder’s Registrable Securities in such underwriting unless such Stockholder accepts the
terms of the underwriting as agreed upon between Holdings and the underwriters in such quantities and on such terms as set forth in Section 3.1.1, and such Stockholder agrees to sell such Stockholder’s securities on the basis provided
therein and completes and/or executes all questionnaires, indemnities, lock-ups, underwriting agreements and other documents (including powers of attorney and custody arrangements) customarily required generally of all selling Stockholders, in each
case, in customary form and substance, which are requested to be executed in connection therewith. 
 3.2 Registration
Procedures. If and whenever Holdings is required to use its reasonable best efforts to effect or cause the registration of any Registrable Securities under the Securities Act as provided in this Article III, Holdings will, as soon as
practicable: 
 (a) prepare and file with the SEC the requisite registration statement with respect to such Registrable
Securities and use its reasonable best efforts to cause such registration statement to become and remain effective; 
 (b)
prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for such period as Holdings shall deem
appropriate and to comply with the provisions of the Securities Act with respect to the sale or other disposition of all securities covered by such registration statement during such period; 

  
 15 

 (c) furnish to each seller of such Registrable Securities and each underwriter such number
of copies of such registration statement and of each amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus included in such registration statement (including each preliminary prospectus and
summary prospectus), in conformity with the requirements of the Securities Act, and such other documents as such seller may reasonably request; 
 (d) promptly notify each Stockholder that holds Registrable Securities covered by such registration statement, (i) when such registration statement or any post-effective amendment or supplement
thereto becomes effective, (ii) of the issuance by the SEC or any state securities authority of any stop order, injunction or other order or requirement suspending the effectiveness of such registration statement (and take all reasonable action
to prevent the entry of such stop order or to remove it if entered, or the initiation of any proceedings for that purpose), or (iii) of the happening of any event as a result of which the registration statement, as then in effect, the
prospectus related thereto or any document included therein by reference includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in
the light of the circumstances under which they were made and promptly file such amendments and supplements which may be required on account of such event and use its reasonable best efforts to cause each such amendment and supplement to become
effective; 
 (e) promptly furnish counsel for each underwriter, if any, and for the selling Stockholders of Registrable
Securities copies of any written request by the SEC or any state securities authority for amendments or supplements to a registration statement and prospectus or for additional information; 

(f) use reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a registration statement at the
earliest possible time; 
 (g) use its best efforts to cause all such Registrable Securities covered by such registration
statement to be listed on the principal securities exchange or authorized for quotation on Nasdaq, if any, on which similar equity securities issued by Holdings are then listed or authorized for quotation, or eligible for listing or quotation, if
the listing or authorization for quotation of such securities is then permitted under the rules of such exchange or the NASD; 

(h) enter into an underwriting agreement with the underwriter of such offering in the form customary for such underwriter for similar
offerings, including such representations and warranties by Holdings, provisions regarding the delivery of opinions of counsel for Holdings and accountants’ letters, provisions regarding indemnification and contribution, and such other terms
and conditions as are at the time customarily contained in such underwriter’s underwriting agreements for similar offerings (the sellers of Registrable Securities that are to be distributed by such underwriter(s) may, at their option, require
that any or all of the representations and warranties by, and the other agreements on the part of, Holdings to and for the benefit of such underwriter(s) shall also be made to and for the benefit of such sellers of Registrable Securities);

  
 16 

 (i) make available for inspection by representatives of the selling Stockholders who hold
Registrable Securities and any underwriters participating in any disposition pursuant hereto and any counsel or accountant retained by such Stockholders or underwriters, all relevant financial and other records, pertinent corporate documents and
properties of Holdings and cause the respective officers, directors and employees of Holdings to supply all information reasonably requested by any such representative, underwriter, counsel or accountant in connection with a registration pursuant
hereto; provided, however, that, with respect to records, documents or information which Holdings determines, in good faith, to be confidential and as to which Holdings notifies such representatives, underwriters, counsel or
accountants in writing of such confidentiality, such representatives, underwriters, counsel or accountants shall not disclose such records, documents or information unless (i) the release of such records, documents or information is ordered
pursuant to a subpoena or other order from a court of competent jurisdiction, (ii) such records, documents or information have previously been generally made available to the public, or (iii) the disclosure of such records, documents or
information is necessary, in the written opinion of outside legal counsel, to avoid or correct a material misstatement or omission in the registration statement an-d then only after reasonable request has been made to Holdings to make such
disclosure and Holdings has denied such request. Each selling Stockholder of such Registrable Securities agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it as the basis for
any market transactions in the securities of Holdings or its Affiliates (or for such Stockholder’s business purposes or for any reason other than in connection with a registration hereunder) unless and until such information is made generally
available (other than by such Stockholder or where such Stockholder knows that such information became publicly available as a result of a breach of any confidentiality arrangement) to the public. Each selling Stockholder of such Registrable
Securities further agrees that it will, upon learning that disclosure of such records is sought, give notice to Holdings and allow Holdings, at its expense, to undertake appropriate action to prevent disclosure of the records deemed confidential;

 (j) permit any beneficial owner of Registrable Securities who, in the sole judgment, exercised in good faith, of such holder,
might be deemed to be a controlling Person of Holdings, to participate in the preparation of such registration or comparable statement and to require the insertion therein of material, furnished to Holdings in writing, that in the judgment of such
holder, as aforesaid, should be included; and 
 (k) make reasonably available its employees and personnel and otherwise provide
reasonable assistance to the underwriters (taking into account the needs of Holdings’s businesses and the requirements of the marketing process) in the marketing of Registrable Securities in any underwritten offering. 

Holdings may require each seller of Registrable Securities as to which any registration is being effected to furnish Holdings such
information regarding such seller and the distribution of such securities as Holdings may from time to time reasonably request in writing. Holdings shall not be required to register or qualify any Registrable Securities covered by such registration
statement under any state securities or “blue sky” laws of such jurisdictions other than as it deems necessary in connection with the chosen method of distribution or to take any other actions or do any other things other than those it
reasonably deems necessary or advisable to consummate such distribution, and Holdings shall not for any such purpose be required to 

  
 17 

 
qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not otherwise be obligated to be so qualified, to subject itself to taxation in any such
jurisdiction or to consent to general service of process in any such jurisdiction. 
 Each beneficial owner of Registrable
Securities agrees that upon receipt of any notice from Holdings of the happening of any event of the kind described in clauses (d)(ii) and (d)(iii) above, such beneficial owner will forthwith discontinue disposition of Registrable Securities
pursuant to the registration statement covering such Registrable Securities until such beneficial owner’s receipt of the copies of the supplemented or amended prospectus contemplated by clause (d) above, and, if so directed by Holdings,
such beneficial owner will deliver to Holdings (at Holdings’s expense) all copies, other than permanent file copies then in such beneficial owner’s possession, of the prospectus covering such Registrable Securities that was in effect prior
to such amendment or supplement. 
 3.3 Indemnification. (a) In the event of any registration of any Registrable
Securities pursuant to this Article III, Holdings will, and hereby does, indemnify and hold harmless, to the fullest extent permitted by law, the seller of any Registrable Securities covered by such registration statement, its directors, officers,
fiduciaries, employees and stockholders or members or general and limited partners (and the directors, officers, fiduciaries, employees and stockholders or members or general and limited partners thereof), each other Person who participates as an
underwriter or a qualified independent underwriter, if any, in the offering or sale of such securities, each director, officer, fiduciary, employee and stockholder or general and limited partner of such underwriter or qualified independent
underwriter, and each other Person (including any such Person’s directors, officers, fiduciaries, employees and stockholders or members or general and limited partners), if any, who controls such seller or any such underwriter or qualified
independent underwriter, within the meaning of the Securities Act, against any and all Claims in respect thereof and expenses (including reasonable fees and expenses of counsel and any amounts paid in any settlement effected with Holdings’
consent, which consent shall not be unreasonably withheld or delayed) to which each such indemnified party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Claims or expenses arise out of or are based upon
any of the following actual or alleged statements, omissions or violations (each, a “Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement under which such
securities were registered pursuant to this Agreement under the Securities Act or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary, final or summary prospectus or any amendment or supplement thereto, together with
the documents incorporated by reference therein, or the omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they
were made, not misleading, or (iii) any violation by Holdings of any federal, state or common law rule or regulation applicable to Holdings and relating to action required of or inaction by Holdings in connection with any such registration, and
Holdings will reimburse any such indemnified party for any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such Claim as such expenses are incurred; provided,
however, that Holdings shall not be liable to any such indemnified party in any such case to the extent such Claim or expense arises out of or is based upon any Violation that occurs in reliance upon and in conformity with written information
furnished to Holdings or its representatives by or on behalf of such indemnified party expressly stating that such information is for use therein. 

  
 18 

 (b) Each holder of Registrable Securities that are included in the securities as to which
any Demand Registration or Piggyback Registration is being effected (and, if Holdings requires as a condition to including any Registrable Securities in any registration statement filed in connection with any Demand Registration or Piggyback
Registration, any underwriter and qualified independent underwriter, if any) shall, severally and not jointly, indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 3.3(a)), to the fullest extent
permitted by law, Holdings, its directors, officers, fiduciaries, employees and stockholders (and the directors, officers, fiduciaries, employees and stockholders or members or general and limited partners thereof) and each Person (including any
such Person’s directors, officers, fiduciaries, employees and stockholders or members or general and limited partners), if any, controlling Holdings within the meaning of the Securities Act and all other prospective sellers and their directors,
officers, fiduciaries, employees and stockholders or general and limited partners and respective controlling Persons (including any such Person’s directors, officers, fiduciaries, employees and stockholders or members or general and limited
partners) against any and all Claims and expenses (including reasonable fees and expenses of counsel and any amounts paid in any settlement effected with the consent of the indemnifying party, which consent shall not be unreasonably withheld or
delayed) to which each such indemnified party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Claims or expenses arise out of or are based upon any Violation that occurs in reliance upon and in conformity
with written information furnished to Holdings or its representatives by or on behalf of such holder or underwriter or qualified independent underwriter, if any, expressly stating that such information is for use in connection with any registration
statement, preliminary, final or summary prospectus or amendment or supplement or document incorporated by reference into any of the foregoing; provided, however, that the aggregate amount which any such holder, underwriter or
qualified independent underwriter shall be required to pay pursuant to this Section 3.3(b) and Sections 3.3(c) and 3.3(e) shall be limited to (i) in the case of any such holder, the amount of the gross proceeds received by such holder upon
the sale of the Registrable Securities pursuant to the registration statement giving rise to such claim and (ii) in the case of any such underwriter or qualified independent underwriter, the amount of the total sales price of the Registrable
Securities sold through or by it pursuant to the registration statement giving rise to such claim. 
 (c) Indemnification
similar to that specified in Sections 3.3(a) and 3.3 (b) (with appropriate modifications) shall be given by Holdings and each seller of Registrable Securities (and, if Holdings requires as a condition to including any Registrable Securities in
any registration statement filed in connection with any Demand Registration or Piggyback Registration, any underwriter and qualified independent underwriter, if any) with respect to any required registration or other qualification of securities
under any state securities, “blue sky” or foreign securities laws. 
 (d) Any Person entitled to indemnification under
this Agreement shall notify promptly the indemnifying party in writing of the commencement of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Section 3.3, but

  
 19 

 
the failure of any indemnified party to provide such notice shall not relieve the indemnifying party of its obligations under the preceding paragraphs of this Section 3.3, except to the
extent the indemnifying party is actually prejudiced thereby and shall not relieve the indemnifying party from any liability that it may have to any indemnified party otherwise than under this Section 3.3. In case any action or proceeding is
brought against an indemnified party and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, unless in the reasonable opinion of outside counsel to the indemnified
party a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, to assume the defense thereof jointly with any other indemnifying party similarly notified, to the extent that it chooses, with
counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party that it so chooses, the indemnifying party shall not be liable to such indemnified party for any legal or other
expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation; provided, however, that (i) if the indemnifying party fails to take reasonable steps
necessary to defend diligently the action or proceeding within 20 days after receiving notice from such indemnified party that the indemnified party believes it has failed to do so; or (ii) if such indemnified party who is a defendant in any
action or proceeding that is also brought against the indemnifying party reasonably shall have concluded that there may be one or more legal defenses available to such indemnified party which are not available to the indemnifying party; or
(iii) if representation of both parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct, then, in any such case, the indemnified party shall have the right to assume or continue its own defense
as set forth above (but with no more than one firm of counsel for all indemnified parties in each jurisdiction, except to the extent any indemnified party or parties reasonably shall have concluded that there may be legal defenses available to such
party or parties that are not available to the other indemnified parties or to the extent representation of all indemnified parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct) and the
indemnifying party shall be liable for any expenses therefor. No indemnifying party shall, without the written consent of the indemnified party, which consent shall not be unreasonably withheld, effect the settlement or compromise of, or consent to
the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or potential party to such action or
claim) unless such settlement, compromise or judgment (A) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (B) does not include a statement as to or an admission of
fault, culpability or a failure to act, by or on behalf of any indemnified party. 
 (e) If for any reason the foregoing
indemnity is unavailable or is insufficient to hold harmless an indemnified party under Sections 3.3(a), 3.3(b) or 3.3(c), then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of any Claim
in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and the indemnified party on the other hand from the relevant offering of securities. If, however, the allocation provided in the
immediately preceding sentence is not permitted by applicable law, or if the indemnified party failed to give the notice required by Section 3.3(d) above and the indemnifying party is prejudiced thereby, then each indemnifying party shall
contribute to the amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative fault of but also the relative 

  
 20 

 
benefits received by the indemnifying party, on the one hand, and the indemnified party, on the other hand, as well as any other relevant equitable considerations. The relative fault shall be
determined by reference to, among other things, whether the Violation relates to information supplied by the indemnifying party or the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such Violation. The parties hereto agree that it would not be just and equitable if contributions pursuant to this Section 3.3(e) were to be determined by pro rata allocation or by any other method of allocation
does not take account of the equitable considerations referred to in the preceding sentences of this Section 3.3(e). The amount paid or payable in respect of any Claim shall be deemed to include any legal or other expenses reasonably incurred
by such indemnified party in connection with investigating or defending any such Claim. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
Person who was not guilty of such fraudulent misrepresentation. Notwithstanding anything in this Section 3.3(e) to the contrary, no indemnifying party (other than Holdings) shall be required pursuant to this Section 3.3(e) to contribute
any amount in excess of (i) in the case of an indemnifying party that is a holder of Registrable Securities, the gross proceeds received by such indemnifying party from the sale of Registrable Securities in the offering to which the losses,
claims, damages or liabilities of the indemnified parties relate, or (ii) in the case of an indemnifying party that is an underwriter or a qualified independent underwriter, the amount of the total sales price of the Registrable Securities sold
through or by it in the offering to which the losses, claims, damages or liabilities of the indemnified parties relate, less, in any such case referred to in clauses (i) and (ii) above, the amount of all indemnification and contribution
payments made pursuant to Sections 3.3(b) and (c) and this Section 3.3(e), as the case may be, in connection with such offering. 
 (f) The indemnity agreements contained herein shall be in addition to any other rights to indemnification or contribution that any indemnified party may have pursuant to law or contract and shall remain
operative and in full force and effect regardless of any investigation made or omitted by or on behalf of any indemnified party and shall survive the transfer of the Registrable Securities by any such party. 

(g) The indemnification and contribution required by this Section 3.3 shall be made by periodic payments of the amount thereof
during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred. 
 (h) In connection with underwritten offerings, Holdings will use reasonable best efforts to negotiate terms of indemnification that are reasonably favorable to the various sellers pursuant thereto, as
appropriate under the circumstances. 
 3.4 Holdback Agreement. (a) If requested in writing by Holdings or the
underwriter of any underwritten offering affording any Stockholders registration rights pursuant to Section 3.1 (whether or not some or all of such Stockholder’s Registrable Securities are subject to a cutback pursuant to
Section 3.1.4), including, without limitation, an IPO, each Stockholder (whether or not afforded any registration rights) agrees not to effect any public sale or distribution, including any sale pursuant to Rule 144, of any Registrable
Securities or any other equity security of Holdings or of any security convertible into or exchangeable or exercisable for any equity security of Holdings (in each case, other than as part of such underwritten public 

  
 21 

 
offering) within 14 days before or 180 days after the effective date of a registration statement affording any Stockholders registration rights pursuant to Section 3.1 (including where
subject to a cutback pursuant to Section 3.1.4) or in connection with an IPO, or for such shorter period as the sole or lead managing underwriter or Holdings shall request, in any such case, unless consented to by such underwriter or Holdings,
as applicable. 
 (b) If requested in writing by the underwriter of any offering in connection with an underwritten Demand
Registration, Holdings agrees not to effect any public sale or distribution (other than public sales or distributions solely by and for the account of Holdings of securities issued (i) pursuant to any employee or director benefit or similar
plan or any dividend reinvestment plan or (ii) in any acquisition by Holdings) of any Registrable Securities or any other equity security of Holdings or of any security convertible into or exchangeable or exercisable for any equity security of
Holdings (in each case, other than as part of such underwritten public offering), within 14 days before or 180 days after the effective date of a registration statement filed in connection with a Demand Registration, or for such shorter period as
the sole or lead managing underwriter shall request, in any such case, unless consented to by such underwriter. 
 3.5
Deferral. Notwithstanding anything to the contrary contained herein, Holdings shall not be obligated to prepare and file, or cause to become effective, any registration statement pursuant to Section 3,1.2 at any time when, in the good
faith judgment of the Board of Directors of Holdings, the filing thereof at the time requested or the effectiveness thereof after filing should be delayed to permit Holdings to include in the registration statement Holdings’s financial
statements (and any required audit opinion thereon) for the then immediately preceding fiscal year or fiscal quarter, as the case may be. The filing of a registration statement by Holdings cannot be deferred pursuant to the provisions of the
immediately preceding sentence beyond the time that such financial statements (or any required audit opinion thereon) would be required to be filed with the SEC as part of Holdings’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q,
as the case may be, if Holdings were then obligated to file such reports. Notwithstanding anything to the contrary contained herein, Holdings shall not be obligated to file a registration statement, or cause a registration statement previously filed
pursuant to Section 3.1 to become effective, and may suspend sales by the holders of Registrable Securities under any registration that has previously become effective, at any time when, in the good faith judgment of the Board of Directors of
Holdings, it reasonably believes that the effectiveness of such registration statement or the offering of securities pursuant thereto would materially adversely affect a pending or proposed acquisition, merger, recapitalization, consolidation,
reorganization or similar transaction or negotiations, discussions or pending proposals with respect thereto; provided, however, that deferrals pursuant to this sentence shall not exceed, in the aggregate, 90 days in any calendar year.
The filing of a registration statement, or any amendment or supplement thereto, by Holdings cannot be deferred, and the rights of holders of Registrable Securities to make sales pursuant to an effective registration statement cannot be suspended,
pursuant to the provisions of the immediately preceding sentence for more than 30 days after the abandonment or the consummation of any of the foregoing proposals or transactions, unless invoked under new circumstances. 

  
 22 

 ARTICLE IV 
 CALL AND EXCHANGE RIGHTS 
 4.1 Call Rights. (a) If, prior to
the consummation of an IPO, an Executive Management Investor’s employment by or position with Holdings and all of its Subsidiaries (or their respective successors under the Employment Agreement, if any) is terminated (i) by Holdings or its
Subsidiaries (or their respective successors under the Employment Agreement, if any) for any reason or (ii) by the Executive Management Investor for any reason, Holdings shall have the right, at its election, to redeem or repurchase all (but
not less than all) of the Executive Management Investor’s shares of Holdings Common Stock (including any shares held by any of its Permitted Transferees), and Parent shall have the right, at its election, to purchase all (but not less than all)
of the Executive Management Investor’s shares of Parent Common Stock (including any shares held by any of its Permitted Transferees), in each case within twelve months after such termination (with respect to any shares of Holdings Common Stock
acquired after such termination upon the exercise or conversion of Holdings Convertible Securities held by the Executive Management Investor, such period to run from the date of exercise or conversion) at a price equal to the Fair Market Value of
such Holdings Common Stock (or, in the case of Parent Common Stock, the Fair Market Value of such shares of Holdings Common Stock as would be issued on the exchange of such Parent Common Stock for Holdings Common Stock pursuant to Section 4.2);
provided that neither Holdings nor Parent shall redeem or purchase any shares held by the Executive Management Investor for less than 185 days; provided further that such twelve-month period shall be tolled for any period during
which Holdings or Parent is actively seeking the consent of any legal, judicial, regulatory, or other governmental body required to consummate such redemption or repurchase. 
 (b) If, prior to an IPO, FPC proposes to make a sale, in a bona fide arm’s-length transaction or series of related transactions to a Person not controlled by Fox Paine Management III,
LLC, of the beneficial interests in at least 50% of its shares of Holdings Common Stock to a Proposed Transferee, including pursuant to a stock sale, merger, business combination, recapitalization, consolidation, reorganization, restructuring or
similar transaction, FPC shall have the right, exercisable upon 15 days’ prior written notice, to purchase any or all of any IRA Investor’s shares of Holdings Common Stock or Holdings Convertible Securities (including any shares held by
such IRA Investor’s Permitted Transferees) at a price equal to the Fair Market Value of such Holdings Common Stock (or, in the case of Holdings Convertible Securities, the Fair Market Value of such shares of Holdings Common Stock as would be
issued on the conversion or exercise of such Holdings Convertible Securities less any cost of such conversion or exercise to the holder), determined as of the date of exercise of the call right set forth herein. 

(c) Holdings, Parent or FPC, as applicable, shall pay the purchase price under Section 4.1(a) or Section 4.1(b) in cash to the
extent that (i) Holdings, Parent or FPC, as applicable, has sufficient cash on hand to pay the purchase price or Subsidiaries of Holdings or Parent or, in the case of FPC, Holdings, as applicable, are permitted to distribute the funds required
for such purchases to Holdings, Parent or FPC, as applicable (a “Subsidiary Dividend”) (under both applicable law and the indebtedness of Holdings or Parent, as applicable, and their

  
 23 

 
respective Subsidiaries) and such funds are available and (ii) Holdings, Parent or FPC, as applicable, is permitted to purchase such shares for cash (under both applicable law and such
indebtedness). To the extent not so permitted, the purchase price shall be a continuing obligation of Holdings, Parent or FPC, as applicable, and such amount shall be paid by Holdings, Parent or FPC, as applicable, before the payment of any
dividends or distributions to Stockholders and shall accrue interest at the applicable federal rate for a debt instrument with a term of not over 3 years as defined in Section 1274(d) of the Internal Revenue Code of 1986, as amended (the
“Applicable Federal Rate”); provided, however, that any such obligation shall not become such to the extent it would give rise to a default or potential default under any of Holdings’, Parent’s, FPC’s or their
respective Subsidiaries’ credit arrangements and shall be held in suspense until such obligation would not give rise to such event. The Board of Directors of Holdings or Parent or managing body of FPC may, in its discretion, assign the
respective rights and obligations of Holdings, Parent or FPC under this Section 4.1 to any other Person, but no such assignment shall relieve Holdings, Parent or FPC, as applicable, of its obligations to the extent not satisfied by such
assignee. 
 4.2 Exchange Right of Stockholders. At any time and from time to time, a Stockholder may sell, assign, and
transfer to Holdings any or all of the Parent Common Stock held by such Stockholder. Within five business days of Holdings’ receipt of such shares, Holdings shall issue to such Stockholder a number of shares of Holdings Common Stock equal to
the product of (a) the number of shares of Parent Common Stock received by Parent and (b) the Exchange Ratio as of the date of issuance, provided that the value of any fractional share of Holdings Common Stock shall be paid in cash
at its Fair Market Value in lieu of any issuance of Holdings Common Stock with respect thereto unless such Stockholder is exchanging all of his shares of Parent Common Stock and elects to have the number of shares of Holdings Common Stock to be
issued increased to the next-greatest whole number and to pay the Fair Market Value of such increase in cash. 
 4.3 Exchange
Right of Holdings. At any time and from time to time, if the Board of Directors of Holdings, in its sole discretion, determines it to be in the best interests of Holdings, Holdings may require each Stockholder to surrender, sell, assign and
transfer to Holdings any or all of its shares of Parent Common Stock. Within five business days of Parent’s receipt of such shares, Holdings shall issue to such Stockholder a number of shares of Holdings Common Stock equal to the product of
(a) the number of shares of Parent Common Stock received by Parent and (b) the Exchange Ratio as of the date of issuance, provided that the value of any fractional share of Holdings Common Stock shall be paid in cash at its Fair
Market Value in lieu of any issuance of Holdings Common Stock with respect thereto unless such exchange includes all of his shares of Parent Common Stock and such Stockholder elects to have the number of shares of Holdings Common Stock to be issued
increased to the next-greatest whole number and to pay the Fair Market Value of such increase in cash. Notwithstanding the first two sentences of this Section 4.3, Holdings may not exercise its rights under this Section 4.3 with respect to
any Stockholder unless Holdings shall have provided for a method to ensure such Stockholder will have sufficient liquidity to pay for any U.S. federal income tax that would not be imposed if it were not for the contemplated exchange, including
without limitation (i) by arranging to purchase a portion of the Stockholders’ shares of Holdings Common Stock and to issue to the Stockholder options exercisable for an equal number of such shares with an exercise price equal to the
purchase price or (ii) by arranging to loan sufficient funds to such Stockholder, in each case to the extent 

  
 24 

 
permitted by applicable law. Holdings and such Stockholder shall reasonably cooperate with each other in establishing such arrangement. In no case shall FPC, Holdings or Parent have liability for
any amount of such tax. 
 4.4 Exchange Ratio. The Exchange Ratio shall initially be equal to 1.00. If, after the date
hereof, Holdings or Parent (a) pays a dividend or makes a distribution to its stockholders in shares of capital stock, (b) with respect to Holdings only, pays an extraordinary cash dividend or makes an extraordinary cash distribution to
its shareholders (unless Holdings or Parent have provided holders of Parent Common Stock with equivalent value with respect to such distribution), (c) subdivides the outstanding shares of its common stock into a greater number of shares,
(d) combines the outstanding shares of its common stock into a smaller number of shares, (e) issues to its shareholders by reclassification of its common stock any shares of its capital stock, or (f) otherwise adjusts, changes or
amends the capital structure of Parent or Holdings, the Board of Directors of Holdings shall in good faith make equitable adjustments, if any, to the Exchange Ratio to reflect the effect of such transaction. 

4.5 Dividends on Parent Common Stock. The Executive Management Investors hereby irrevocably and unconditionally waive any right to
the payment of any dividend or distribution declared on shares of Parent Common Stock, and agree that in the event that any such dividend or distribution is declared, each Executive Management Investor shall, at the request of Parent, execute such
documents or take such actions as are necessary to give effect to such waiver or the intent thereof. This waiver shall be without prejudice to the provisions of Section 4.4. 

ARTICLE V 

MISCELLANEOUS 
 5.1 Effectiveness; Term. 
 5.1.1 Unless theretofore terminated, the rights
and obligations of, and restrictions on, the Stockholders under Article II (other than Section 2.2) with respect to Holdings Common Stock shall terminate when FPC no longer holds in the aggregate at least 25% of the fully diluted shares of
Holdings Common Stock then outstanding (subject, however, to all obligations of the parties hereto which must be fulfilled prior to such event). Unless theretofore terminated, the rights and obligations of, and restrictions on, the Stockholders
under Article II with respect to Parent Common Stock shall terminate when all Stockholders (other than FPC) and their respective Permitted Transferees no longer hold any shares of Parent Common Stock. 

5.1.2 Unless theretofore terminated, and notwithstanding anything in Section 5.1.1 to the contrary, the provisions contained in
Article III shall continue to remain in full force and effect until the earlier to occur of the 20th anniversary of the date hereof and the date on which there are no longer any Registrable Securities outstanding or issuable or thereafter available
for or subject to issuance to FPC upon exercise or conversion of any Holdings Convertible Securities; provided, however, that the provisions of Section 3.3 shall survive termination pursuant to Section 5.1.1 or this
Section 5.1.2. 

  
 25 

 5.2 No Voting or Conflicting Agreements. Prior to an IPO, no Stockholder (other than
FPC) shall grant any proxy or enter into or agree to be bound by any voting trust with respect to the Parent Common Stock or Holdings Common Stock nor, at any time, shall any Stockholder enter into any stockholder agreements or arrangements of any
kind with any Person with respect to the Parent Common Stock or the Holdings Common Stock inconsistent with the provisions of this Agreement (whether or not such agreements and arrangements are with other Stockholders or holders of Parent Common
Stock or Holdings Common Stock that are not parties to this Agreement). The foregoing prohibition includes, but is not limited to, agreements or arrangements with respect to the acquisition, disposition or voting of shares of Parent Common Stock or
Holdings Common Stock inconsistent with the provisions of this Agreement. No Stockholder shall act, at any time, for any reason, as a member of a group or in concert with any other Persons in connection with the acquisition, disposition or voting of
shares of Parent Common Stock or Holdings Common Stock in any manner that is inconsistent with the provisions of this Agreement. 
 5.3 Composition of the Board of Directors. For so long as FPC owns any shares of Holdings Common Stock, the Fund shall have the right to designate one member of the Board of Directors of Holdings,
as described herein. The parties recognize that, as owner of more than a majority of the Holdings Common Stock, FPC has the power to alter the composition of the Board of Directors of Holdings in accordance with the foundational documents of
Holdings. Each of the Stockholders entitled to vote in the election of directors to the Board of Directors of Holdings agrees that it shall vote its Holdings Common Stock or execute consents, as the case may be, and take all other necessary action
in order to ensure that the designee that the Fund is entitled to designate to the Holdings Board of Directors of the Company as set forth in this Section 5.3 is so elected. 

5.4 Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at law if any party fails to
perform any of its obligations hereunder, and, accordingly, agree that each party, in addition to any other remedy to which it may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of any other
party under this Agreement in accordance with the terms and conditions of this Agreement. Any remedy under this Section 5.4 is subject to certain equitable defenses and to the discretion of the court before which any proceedings therefor may be
brought. 
 5.5 Notices. All notices, statements, instructions or other documents required to be given hereunder shall be
in writing and shall be given either personally or by mailing the same in a sealed envelope, by overnight courier or by telecopy, addressed to Holdings at its principal offices, to Parent at its principal offices, and to the other parties at their
addresses reflected on the signature pages hereto. Each party hereto, by written notice given to the other parties hereto in accordance with this Section 5.5, may change the address to which notices, statements, instructions or other documents
are to be sent to such party. All notices, statements, instructions and other documents hereunder that are mailed or telecopied shall be deemed to have been given on the date of mailing or, in the case of telecopying, upon confirmation of receipt.

 5.6 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties, and
their respective permitted successors and assigns. If any Stockholder or any Transferee of any Stockholder shall acquire any shares of Holdings Common 

  
 26 

 
Stock or Parent Common Stock in any manner, whether by operation of law or otherwise, such shares shall be held subject to all of the terms of this Agreement, and, by taking and holding such
shares, such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement. 
 5.7 Recapitalizations and Exchanges. Affecting Holdings Common Stock or Parent Common Stock. The provisions of this Agreement shall apply, to the full extent set forth herein with respect to
Holdings Common Stock or Parent Common Stock, to any and all shares of capital stock or equity securities of Holdings or Parent, as applicable, or any of their respective successors or assigns (whether by merger, consolidation, sale of assets or
otherwise) that may be issued in respect of, in exchange for, or in substitution of, Holdings Common Stock or Parent Common Stock, as applicable, or that may be issued by reason of any stock dividend, stock split, reverse stock split, combination,
recapitalization, reclassification or otherwise. Upon the occurrence of any of such events, numbers of shares and amounts hereunder and any other appropriate terms shall be appropriately adjusted, as determined in good faith by the Board of
Directors of Holdings. 
 5.8 Governing Law. This Agreement shall be governed and construed and enforced in accordance
with the laws of the State of Delaware, without regard to the principles of conflicts of law thereof. 
 5.9 Descriptive
Headings, Etc. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning of terms contained herein. Unless the context of this Agreement otherwise requires, references to
“hereof,” “herein,” “hereby,” “hereunder” and similar terms shall refer to this entire Agreement. 
 5.10 Amendment. This Agreement may not be amended or supplemented, except by an instrument in writing signed by Holdings, by Parent and by Stockholders holding a majority of the then outstanding
shares of Holdings Common Stock held by all Stockholders; provided, however, that any amendment, supplement or modification of this Agreement that materially adversely affects the rights and obligations of any Stockholder (an
“Affected Holder”) or group thereof, as a class, differently than those of the other Stockholders shall also require the approval of Affected Holders holding a majority of the outstanding shares of Holdings Common Stock held by all such
Affected Holders. The foregoing notwithstanding, Holdings and the Fund, without the consent of any other party hereto, may amend Schedule II or Schedule III and the signature pages hereto, in order to add any Executive Management Investor, IRA
Investor, Additional Investor or any other party that becomes a holder of Holdings Common Stock or Parent Common Stock or securities convertible into or exercisable for Holdings Common Stock or Parent Common Stock. 

5.11 Severability. If any term or provision of this Agreement shall to any extent be invalid or unenforceable, the remainder of
this Agreement shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. Upon the determination that any term or other provision is invalid, illegal or
incapable of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect their original intent as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to
the extent possible. 

  
 27 

 5.12 Further Assurances. The parties hereto shall from time to time execute and
deliver all such further documents and do all acts and things as the other parties may reasonably require to effectively carry out or better evidence or perfect the full intent and meaning of this Agreement, including, to the extent necessary or
appropriate, using all reasonable efforts to cause the amendment of the Articles of Association of Holdings or the Certificate of Incorporation or Bylaws of Parent in order to provide for the enforcement of this Agreement in accordance with its
terms. In furtherance and not in limitation of the foregoing, in the event of any amendment, modification or termination of this Agreement in accordance with its terms, the Stockholders shall cause each of the Board of Directors of Holdings and the
Board of Directors of Parent to meet within 30 days following such amendment, modification or termination or as soon thereafter as is practicable for the purpose of amending such foundational documents, as may be required as a result of such
amendment, modification or termination, and, to the extent required by law, proposing such amendments to the Stockholders entitled to vote thereon, and such action shall be the first action to be taken at such meeting. 

5.13 Complete Agreement; Counterparts. This Agreement (together with the Employment Agreements and the other agreements referred
to herein and therein) constitutes the entire agreement and supersedes all other agreements and understandings, both written and oral, among the parties or any of them, with respect to the subject matter hereof. This Agreement may be executed by any
one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

5.14 Certain Transactions. The parties hereto agree that Fox Paine Management III, LLC shall have the exclusive right to perform
all consulting, financing, investment banking and similar services for Holdings and its subsidiaries, for customary compensation and on other terms that are customary for similar engagements with unaffiliated third parties, and neither Holdings nor
its subsidiaries shall engage any other Person to perform such services during the term of this Agreement, except to the extent Fox Paine Management III, LLC shall consent thereto or shall decline, at its sole election, to perform such services; in
any such case, so long as FPC holds at least 10% of the outstanding shares of Holdings Common Stock. 
 5.15 No Third-Party
Beneficiaries. The provisions of this Agreement shall be only for the benefit of the parties to this Agreement, and no other Person (other than any indemnified party with respect to Section 3.3) shall have any third-party beneficiary or
other right hereunder. 
 5.16 Recusals. All decisions of the Board of Directors of Holdings referred to in this
agreement shall be taken without the participation or vote of any Executive Management Investor directly affected by such decision. 

  
 28 

 Schedule I 
 The individual immediately after the closing holdings of Holdings Common Stock of each Stockholder of the Merger will be as follows: 

 

					
	 Name
	  	Number of Shares of 
Holdings
Common Stock Held After Closing1	 
	 Fox Paine Capital Fund III, L.P.
	  	 	1,068,300	  
	 FP WRCA Coinvestment Fund I, Ltd.
	  	 	143,712	  
	 FP WRCA Coinvestment Fund II, Ltd.
	  	 	23,952	  
	 FP WRCA Coinvestment Fund III, Ltd.
	  	 	129,341	  
	 FP WRCA Coinvestment Fund IV, Ltd.
	  	 	9,580	  
	 FP WRCA Coinvestment Fund V, Ltd.
	  	 	57,485	  
	 FP WRCA Coinvestment Fund VI, Ltd.
	  	 	158,083	  
	 FP WRCA Coinvestment Fund VII, Ltd.
	  	 	4,790	  
	 John J. Anton, IRA
	  	 	5,000	  
	 Keith J. McKinnish
	  	 	4,284	  
	 Joaquin Barrios
	  	 	4,127	  
		  	 	 	 
	 Total
	  	 	1,608,654	  

 The individual
holdings of options exercisable for Holdings Common Stock of each Stockholder immediately after the closing of the Merger will be as follows: 
  

					
	 Name
	  	Number of Shares of Holdings
Common Stock for Which Options 
Held
After Closing Are Exercisable2	 
	 John J. Anton
	  	 	49,458	  
	 Ira Glazer
	  	 	178,047	  
	 Eric V. Bruder
	  	 	49,458	  
	 Keith J. McKinnish
	  	 	19,783	  
		  	 	 	 
	 Total
	  	 	296,745	  

  

 

	1 	 Current members are in shares of WRCA stock and will need to be converted once the number of shares of Holdings and Parent are set.

	2 	 Current numbers are in shares of WRCA stock and will need to be converted once the number of shares of Holdings and Parent are set.

 The individual holdings of Parent Common Stock of each Stockholder immediately after the
closing of the Merger will be as follows: 
  

					
	 Name
	  	Number of Shares of 
Parent
Common Stock Held After Closing7	 
	 Ira Glazer
	  	 	41,529	  
	 Eric V. Bruder
	  	 	11,280	  
	 John D. Josendale
	  	 	8,216	  
	 David T. Hornaday
	  	 	5,965	  
	 David T. Guilfoyle
	  	 	5,911	  
		  	 	 	 
	 Total
	  	 	72,901	  

 Schedule II 
 Executive Management Investors 
 Ira Glazer 

Eric V. Bruder 
 John D. Josendale 

David T. Hornaday 
 David T. Guilfoyle

 Keith J. McKinnish 
 Joaquin Barrios

 John J. Anton 

 Schedule III 
 IRA Investors 
 John J. Anton, IRA 

 Schedule III 
 Additional Investors 
 None 

 Schedule IV 
 Executives Subject to Employment Arrangements 
 Ira Glazer 

Eric Bruder 
 Keith McKinnish 

			
	FP WRCA COINVESTMENT FUND I, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FP WRCA COINVESTMENT FUND II, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FP WRCA COINVESTMENT FUND III, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FP WRCA COINVESTMENT FUND IV, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FP WRCA COINVESTMENT FUND V, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FP WRCA COINVESTMENT FUND VI, LTD.
		
	By:	 	  

		 	Name:
		 	Title:
	
	FP WRCA COINVESTMENT FUND VII, LTD.
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature
Page to Stockholders’ Agreement] 

			
	JOHN J. ANTON, IRA
		
	By:	 	United Trust Company N.A.,
		 	trustee of John J. Anton, IRA

			
		
	By:	 	 /s/ Jolie Bales

		 	Name: Jolie Bales
		 	Title: Managing Director

			
	
	       /s/ John J. Anton

	Name:	 	John J. Anton
	Address:	 	201 Locust St.
	      San Francisco, CA 94118

 [Signature Page to Stockholders’ Agreement] 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed on
the date first written above. 
  

			
	WRCA (CYPRUS) HOLDINGS, LTD.
		
	By:	 	 /s/ Viveshaw R. Pillay

		 	Name: Viveshaw R. Pillay
		 	Title: Director
	
	WRCA US HOLDINGS INC.
		
	By:	 	 /s/ Ira Glazer

		 	Name: Ira Glazer
		 	Title: President
	
	FOX PAINE CAPITAL FUND III, L.P.
		
	By:	 	Fox Paine Capital Fund III GP, L.P.,
		 	general partner of Fox Paine Capital Fund III, L.P.
		
	By:	 	Fox Paine Capital Fund III GP, Ltd.,
		 	general partner of Fox Paine Capital Fund III, GP, L.P.
		
	By:	 	 /s/ Mitchell R. Presser

		 	Name:
		 	Title:

 [Signature
Page to Stockholders’ Agreement] 

			
	 /s/ Ira Glazer

	Name:	 	Ira Glazer
	Address:	 	
	
	 /s/ Eric V. Bruder

	Name:	 	Eric V. Bruder
	Address:	 	
	
	 /s/ John D. Josendale

	Name:	 	John D. Josendale
	Address:	 	
	
	 /s/ David T. Hornaday

	Name:	 	David T. Hornaday
	Address:	 	
	
	 /s/ David T. Guilfoyle

	Name:	 	David T. Guilfoyle
	Address:	 	
	
	 /s/ J. Keith McKinnish

	Name:	 	Keith J. McKinnish
	Address:	 	
	
	 /s/ Joaquin Barrios

	Name:	 	Joaquin Barrios
	Address:	 	Ignacio Allenoz 12, 6-7
	            Hipico San Miguel
	            Atizapan, EDO Mexico
	            C.P. 52926
	            Mexico

[Signature Page to Stockholders’ Agreement]Management EBITDA Bonus Plan

 Exhibit 10.8 
 Management Bonus Plan 
 The WireCo WorldGroup management bonus plan impacts all management
employees that are selected to participate by the corporation’s senior management group. The plan compares the budgeted EBITDA for each quarter to the actual. If the corporate performance meets the budget, then 3% of the EBITDA is allocated
into the bonus pool for management. The amount in the bonus pool changes with each dollar of EBITDA and varies based on the following scale: 

100% of budget = 3% of EBITDA 
 95—99.9% of
budget = 2.5% of EBITDA 
 90—94.9% of budget = 2.0% of EBITDA 
 85—89.9% of budget = 1.5% of EBITDA 
 No payout below 85% 

For each increment of 5% above the budgeted EBITDA, the pool increases by .5%. 
 The pool is then divided into two pools—Executive and Management. Though the percent of the pool has shifted slightly from year to year, it is targeted at approximately a 60/40 split. Each position
in the management bonus program is awarded a share value which is reflective of their contribution to the corporation. The lowest share will result in eligibility for about a 10% bonus on an annual basis.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]