Document:

Stephen J. Scarborough Retirement Agreement

 Exhibit 10.1 
 RETIREMENT AGREEMENT 
 This Retirement Agreement (this “Agreement”) is entered into
effective as of March 20, 2008 by and between Standard Pacific Corp., a Delaware corporation (the “Company”), and Stephen J. Scarborough (“Executive”). 
 WHEREAS, Executive has been a valued employee of the Company for over twenty-seven years, most recently serving as Chairman of the Board of Directors,
Chief Executive Officer and President of the Company; 
 WHEREAS, Executive is retiring from the Company and is resigning from his director,
officer and employee positions with the Company and each of its subsidiaries and other affiliates; 
 NOW, THEREFORE, in consideration of the
foregoing premises and the covenants contained in this Agreement, the Company and Executive agree as follows: 
 1. Retirement.
Executive hereby confirms his resignation and retirement as an employee, Chief Executive Officer, President, and Chairman of the Board of Directors of the Company, effective as of March 20, 2008 (the “Effective Date”).
Effective as of the Effective Date, Executive also hereby confirms his resignation and retirement from all positions held as an employee, officer, or director of any subsidiary or affiliate of the Company. 
 2. Consideration. In return for the release described below and Executive’s other promises contained herein, the Company agrees as follows:

 (a) Acceleration of Restricted Stock Vesting. Two-thirds of the February 19, 2008 restricted stock grant (42,000
shares) made to Executive in accordance with the Company’s Performance Share Award Program will not have vested as of the Effective Date. The Performance Share Award agreement between the Company and Executive provides that Executive must be
continuously employed by the Company through the vesting date in order for the shares to vest and shares that do not vest will automatically be cancelled. Notwithstanding the foregoing, as of the Effective Date, all of Executive’s 42,000
remaining unvested shares shall immediately vest and all restrictions on resale of such shares imposed by the Company shall lapse. 
 (b)
Acceleration of Selected Stock Option Vesting. Options to acquire an aggregate of 280,000 shares of Company common stock were issued to Executive on February 7, 2008. All of these options will not have vested as of the Effective
Date (the “Unvested Options”). The applicable stock option agreements between the Company and Executive provide that Executive must be continuously employed by the Company through the vesting date in order for the Unvested Options to vest
and options that do not vest will be automatically cancelled. Notwithstanding the foregoing, as of the Effective Date, the Unvested Options shall immediately vest. 
 (c) Extension of Vested Option Exercise Period. Under the terms of Executive’s stock option agreements with the Company, Executive will have 90 days following the Effective Date to exercise vested
options. Notwithstanding the foregoing, as of the Effective Date, the 

 
Company shall extend the time period for Executive to exercise all options vested as of the Effective Date, including options vested pursuant to
Section 2(b), above, to the close of business on April 1, 2010, unless such options expire on an earlier date, in which case, the time period for the exercise of such options shall be extended only to such earlier expiration date.
Vested options that are not subject to an earlier expiration date unexercised as of the close of business on April 1, 2010 shall terminate. Vested options subject to an expiration date earlier than April 1, 2010 unexercised as of such
earlier expiration date shall terminate on such earlier expiration date. Executive understands and acknowledges that options originally issued as incentive stock options may lose the ability to qualify as incentive stock options as a result of this
extension of the option exercise period. 
 (d) Continuation of Financial Planning Benefit. Executive shall be entitled to
continuation of the Company’s AYCO financial planning benefit through June 30, 2009. 
 (e) Severance. Executive
shall receive a single lump sum severance payment of $1,250,000. This payment shall be made to Executive within six (6) days of the Effective Date. Except as provided in this Agreement, Executive acknowledges that he is not entitled to, and
shall not receive, any salary, bonus, equity compensation or other compensation for 2008. 
 (f) COBRA/Cal-COBRA Payments. The
Company shall reimburse Executive for his monthly COBRA/Cal-COBRA medical payments for a period of thirty-six months following the effective date (March 31, 2011) provided he exercises his right to continue his medical insurance pursuant to
COBRA/Cal-COBRA. 
 3. Benefits; Company Property; Vacation; Expenses. 
 (a) Termination of Benefits. All perquisites and employee benefits and Executive’s participation in all employee benefit programs of
the Company which are not described herein (other than Executive’s rights under COBRA/Cal-COBRA, rights under the Company’s deferred compensation plans and the Company’s 401(K) plan) will terminate effective on the Effective Date.

 (b) Return of Company Property. On the Effective Date, Executive’s privileges under all Company credit cards will cease
and Executive will be obligated to return to the Company all property of the Company, except that Executive shall be entitled to retain his cellular telephone. 
 (c) Payout of Accrued Unused Vacation Time. On the Effective Date, Executive shall be entitled to receive payment of Executive’s accrued unused vacation. As of March 20, 2008, this
amount totaled $109,611.19. 
 (d) Reimbursement of Business Expenses. Executive shall be entitled to receive
reimbursement for all properly documented business expenses incurred prior to the Effective Date. Executive agrees to submit proper documentation of all such expenses no later than April 30, 2008. The Company shall provide reimbursement within
30 days of receipt of Executive’s properly documented business expenses. 
  

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 (e) Withholding and Taxes. All amounts required to be paid by the Company hereunder shall
be subject to any and all applicable withholdings, including any withholdings for any related federal, state or local taxes. Executive shall be responsible for any and all income taxes or other taxes incurred by Executive as a result of his receipt
of any compensation received from the Company pursuant to the terms of this Agreement. 
 4. Nondisclosure; Non-Disparagement;
Non-Solicitation. 
 (a) Nondisclosure. Executive acknowledges that in the course of his employment with the Company,
certain factual and strategic information specifically related to the Company and its affiliates has been disclosed to him in confidence (“Company Information”). Executive agrees to keep such Company Information confidential, not to
make use of such information on his own behalf or for any other purpose, and to return all tangible forms of such information to the Company no later than ten (10) days following the Effective Date. 
 (b) Non-Disparagement. 
 i. Executive shall not disparage the Company, its officers, directors, employees, agents, subsidiaries, or affiliates, or publish, republish, comment upon, or otherwise disseminate: (A) any claims made by him
against the Company; (B) any other comments suggesting or otherwise accusing the Company or its agents or employees of any act of discrimination, misconduct, other negative behavior or any breach of any agreements. Nothing in this provision
shall be construed to prevent Executive from giving truthful testimony pursuant to a valid subpoena or other judicial process. 
 ii. The Company agrees that the members of its Board of Directors and Executive Officers (as such term is defined for Section 16 purposes under the Securities Exchange Act of 1934) will not disparage Executive to third parties. Nothing
in this provision shall be construed to prevent any person from giving truthful testimony pursuant to a valid subpoena or other judicial process. 
 (c) Non-Solicitation. Without the prior written consent of the Company, for a period of two (2) years following the Effective Date, Executive shall not, directly or indirectly, entice or solicit or seek to induce or
influence any person who is an employee or consultant of the Company or any of its affiliates, to leave their employment or engagement with the Company or any of its affiliates. 
 (d) Equitable Relief. Each party hereto agrees that his violation, or threatened violation, of Sections 4(a), 4(b) and 4(c) would
cause irreparable damage to the other party hereto and its affiliates. Each party hereto shall be entitled to seek an injunction prohibiting the other party hereto from any such violation or threatened violation. 
 5. Release. 
 (a) Except as
prohibited by law, Executive, on behalf of himself and his successors and assigns, and the Company do hereby forever release, discharge and acquit each other, including the Company’s subsidiaries, divisions, affiliates, and their respective
predecessors in interest, members, partners, principals, shareholders, directors, officers, agents, employees, and 

  

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representatives, and the successors and assigns of each of them (each a “Company Released Party”), from any and all charges, complaints,
claims, demands, obligations, promises, agreements, damages, actions, causes of action, suits, rights, costs, losses, debts, expenses (including attorneys’ fees and costs), liabilities, and indebtedness, of every type, kind, nature, description
or character, whether known or unknown, suspected or unsuspected, liquidated or unliquidated, arising from, under or related to, Executive’s employment, retention or other relationships with the Company or its affiliates, the separation of that
employment, retention or those relationships, and any event, act or omission arising on or before the date of this Agreement including, but not limited to, (1) any claim for salary, bonus, severance pay, or other compensation, or (2) any
claim for non-vested benefits under any employee benefit plan, whether or not heretofore brought before any state or federal court or before any state or federal agency or other governmental entity (the “Released Matters”). The
Released Matters shall not include any claims for any of the following: (i) indemnification and defense as an officer, employee or agent under applicable law, charter document or the May 14, 1996 Indemnification Agreement (the
“Indemnification Agreement”), (ii) the parties’ rights under this Agreement, (iii) Executive’s rights under any stock option agreement, the Company’s 401(k) plan, and the Company’s deferred compensation plan,
(iv) Executive’s right to workers’ compensation or unemployment benefits, (v) the parties’ rights with respect to coverage under the Company’s directors and officers insurance policy, or (vi) actions brought under
the federal or state securities laws and any derivative claims related thereto. For the avoidance of doubt, the releases contained herein shall not be construed to limit Executive’s rights to the advancement of expenses provided under
applicable law, the Company’s charter document or the Indemnification Agreement. 
 (b) Executive and the Company acknowledge and agree
that the releases made herein constitute final and complete releases of Executive and the Company Released Parties with respect to all Released Matters, and that by signing this Agreement, Executive and the Company are forever giving up the right to
sue or attempt to recover money, damages or any other relief from each other and the Company Released Parties for all claims they have or may have with respect to the Released Matters (even if any such claim is unforeseen as of the date hereof).

 (c) Executive and the Company represent and warrant that they understand California Civil Code Section 1542, which provides as
follows: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE
TIME OF EXECUTING THE RELEASE WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 
 Executive and the Company, being aware of Section 1542, hereby expressly waive any and all rights they may have thereunder as well as under any other statute or common law principles of similar effect under the laws of any state or the
United States. This Agreement shall act as a release of all claims that may arise from the Released Matters, whether such claims are currently known or unknown, foreseen or unforeseen including, without limitation, any claims for damages resulting
from the acts or omissions which occurred on or before the date of this Agreement. 
  

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 Thus, notwithstanding the provisions of Section 1542, and for the purpose of implementing a full and
complete release and discharge of Executive and the Company Released Parties, Executive and the Company expressly acknowledge that this Agreement is intended to include in its effect, without limitation, all Released Matters which they do not know
or suspect to exist in their favor at the time of execution hereof, and that this Agreement contemplates the extinguishment of all such Released Matters. 
 6. No Claims. Executive represents and warrants that he has not instituted any complaints, charges, lawsuits or other proceedings against any Company Released Parties with any governmental agency, court,
arbitration agency or tribunal. Executive further agrees that he will not, directly or indirectly, (i) file, bring, cause to be brought any complaint, charge, lawsuit or other proceeding or action against any Company Released Parties at any
time hereafter for any Released Matters, or (ii) defend in whole or in part any action, proceeding or suit brought to enforce any rights or obligations set forth in this Agreement, on the grounds that any or all of the terms or provisions of
this Agreement are illegal, invalid, not binding, unenforceable or against public policy, except that this Section 6 shall not apply to the right to file, join or participate in, or provide any assistance in connection with a charge or
complaint with the Equal Employment Opportunity Commission. 
 7. Advice of Counsel. Executive represents and agrees that he
fully understands his right to discuss, and that the Company has advised you to discuss, all aspects of this Agreement with his private attorney, that he has carefully read and fully understands all the provisions of the Agreement, that he
understands its final and binding effect, that he is competent to sign this Agreement, and that he is voluntarily entering into this Agreement. 
 8. Acknowledgment. Executive represents and agrees that in executing this Agreement he is relying solely upon his own judgment, belief and knowledge, and the advice and recommendations of any independently selected counsel,
concerning the nature, extent and duration of his rights and claims. Executive acknowledges that no other individual has made any promise, representation or warranty, express or implied, not contained in this Agreement, to induce Executive to
execute this Agreement. Executive further acknowledges that he is not executing this Agreement in reliance on any promise, representation, or warranty not contained in this Agreement. 
 9. Miscellaneous 
 (a) Binding
on Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company and shall inure to the benefit of and be binding upon Executive’s heirs, executors,
administrators, successors and assigns. 
 (b) Arbitration. Executive and the Company acknowledge and agree that any
dispute regarding the application, interpretation or breach of this Agreement will be subject to final and binding arbitration before a single arbitrator who is a retired judge with JAMS/Endispute and in accordance with JAMS/Endispute’s rules
for the resolution of employment disputes. Attorneys’ fees, costs and damages (where appropriate) shall be awarded to the prevailing party in any dispute, and any resolution, opinion or order of the arbitrator may be entered as a judgment of a
court of competent jurisdiction. This Agreement shall be admissible in any proceeding to enforce its terms. 
  

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 (c) Severability. Should any provision of this Agreement be found, held, declared,
determined, or deemed by any arbitrator or court of competent jurisdiction to be void, illegal, invalid or unenforceable under any applicable statute or controlling law, the legality, validity, and enforceability of the remaining provisions will not
be affected and the illegal, invalid, or unenforceable provision will be deemed not to be a part of the Agreement. 
 (d) Governing
Law. This Agreement shall be construed and interpreted in accordance with California law. 
 (e) Entire
Agreement. This Agreement contains the entire agreement and understanding between Executive and the Company regarding the matters set forth herein and replaces all prior agreements, arrangements and understandings, written or oral,
including, without limitation, that certain Change in Control agreement between Executive and the Company dated December 1, 2006, and neither Executive nor the Company shall be bound or liable for any representation, promise or inducement not
contained in this Agreement. Notwithstanding the foregoing, and except as modified by this Agreement, all of Company’s and the Executive’s rights and obligations under any stock option agreement between the Company and Executive, the
Company’s 401(k) plan, the Company’s deferred compensation plan, the Indemnification Agreement, and that certain letter agreement (including the undertaking for advance of expenses attached thereto) between Executive and Gibson,
Dunn & Crutcher, acknowledged by the Company, shall survive. This Agreement cannot be amended, modified, supplemented, or altered, except by written amendment or supplement signed by Executive and the Company. 
 (f) Counterparts. This Agreement may be executed in counterparts, including facsimile counterparts, each of which shall be deemed to
be an original, but all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile transmission shall be effective delivery of a manually executed counterpart to this
Agreement. 
  

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

  

			
	 THE COMPANY
  
 STANDARD PACIFIC CORP., a Delaware corporation

		
	By:	 	/s/ Jeffrey V. Peterson
		 	 Name: Jeffrey V. Peterson
 Title:
  Chairman, CEO and President

  

			
	EXECUTIVE
		
	By:	 	/s/ Stephen J. Scarborough
		 	Stephen J. Scarborough, an individual

  

 7Class B Shareholders Agreement

 Exhibit 4.2 
 Execution Copy 
 CLASS B SHAREHOLDERS AGREEMENT 
 dated as of 
 November 13, 2007

 among 
 OCH-ZIFF
CAPITAL MANAGEMENT GROUP LLC 
 and 
 THE INDIVIDUALS SET FORTH 
 ON THE SIGNATURE PAGES HERETO 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I	  	
		
	DEFINITIONS	  	
			
	 SECTION 1.1
	  	DEFINITIONS	  	1
	 SECTION 1.2
	  	GENDER	  	6
		
	ARTICLE II	  	
		
	CLASS B SHAREHOLDER COMMITTEE	  	
			
	 SECTION 2.1
	  	ESTABLISHMENT	  	6
	 SECTION 2.2
	  	DELEGATION OF AUTHORITY	  	6
	 SECTION 2.3
	  	VOTING PROXY AND POWER OF ATTORNEY	  	7
	 SECTION 2.4
	  	EXCULPATION	  	8
		
	ARTICLE III	  	
		
	TRANSFER RESTRICTIONS; REALLOCATION EVENTS	  	
			
	 SECTION 3.1
	  	TRANSFER RESTRICTIONS	  	8
	 SECTION 3.2
	  	REALLOCATION EVENTS	  	8
		
	ARTICLE IV	  	
		
	BOARD REPRESENTATION	  	
			
	 SECTION 4.1
	  	NOMINEES	  	8
	ARTICLE V	  	
		
	APPROVAL OF CERTAIN MATTERS	  	
			
	 SECTION 5.1
	  	CLASS B SHAREHOLDER COMMITTEE APPROVAL	  	9
		
	ARTICLE VI	  	
		
	TERMINATION	  	
			
	 SECTION 6.1
	  	TERM	  	10
	 SECTION 6.2
	  	SURVIVAL	  	10

  

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	ARTICLE VII
		
	REPRESENTATIONS AND WARRANTIES	  	
			
	 SECTION 7.1
	  	REPRESENTATIONS AND WARRANTIES OF THE CLASS B SHAREHOLDERS	  	11
	 SECTION 7.2
	  	REPRESENTATIONS AND WARRANTIES OF THE LLC	  	11
		
	ARTICLE VIII	  	
		
	MISCELLANEOUS	  	
			
	 SECTION 8.1
	  	NOTICES	  	11
	 SECTION 8.2
	  	INTERPRETATION	  	12
	 SECTION 8.3
	  	SEVERABILITY	  	12
	 SECTION 8.4
	  	COUNTERPARTS	  	12
	 SECTION 8.5
	  	ENTIRE AGREEMENT; NO THIRD PARTY BENEFICIARIES	  	13
	 SECTION 8.6
	  	FURTHER ASSURANCES	  	13
	 SECTION 8.7
	  	GOVERNING LAW; EQUITABLE REMEDIES	  	13
	 SECTION 8.8
	  	CONSENT TO JURISDICTION	  	13
	 SECTION 8.9
	  	AMENDMENTS; WAIVERS	  	14
	 SECTION 8.10
	  	ASSIGNMENT	  	14
	 SECTION 8.11
	  	LEGENDS	  	14
	 SECTION 8.12
	  	ACTIONS IN OTHER CAPACITIES	  	14

  

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 CLASS B SHAREHOLDERS AGREEMENT (the “Agreement”), dated as of November 13, 2007,
among the individuals set forth on the signature pages hereto (the “Initial Class B Shareholders” and, collectively with all other Persons who become Class B Shareholders in accordance with this Agreement (including Permitted
Transferees), the “Class B Shareholders”), and Och-Ziff Capital Management Group LLC, a Delaware limited liability company (the “LLC”). Defined terms used herein have the respective meaning ascribed thereto in
Section 1.1. 
 WHEREAS, in connection with the IPO, the LLC and its Affiliates intend to consummate the transactions described in the
Registration Statement on Form S-1 (Registration No. 333-144256) (the “IPO Registration Statement”); and 
 WHEREAS,
the Class B Shareholders and the LLC desire to address herein certain relationships among themselves with respect to approval of certain matters, transfer restrictions, voting arrangements and board designation rights with respect to the Class B
Shares and certain other matters. 
 NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 SECTION 1.1 DEFINITIONS. As used in this Agreement, the following terms shall have the following meanings: 
 “Affiliate” of any Person means any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such first Person. 
 “Agreement” has the meaning set forth in the recitals to this Agreement. 
 “Applicable Term” means, with respect to any provision of this Agreement, the period during which such provision is operative, as set
forth herein. 
 “Applicable Transferee” shall mean, with respect to any Class B Transferor, any Permitted Transferee of
such Class B Transferor and any subsequent Permitted Transferee of such Permitted Transferee (acting as Class B Transferor), 
 “Beneficial Owner” of a security is a Person who directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise has or shares (i) voting power, which includes the power to vote, or
to direct the voting of, such security and/or (ii) investment power, which includes the power to dispose, or to direct the disposition of, such security. The terms “Beneficially Own” and “Beneficial Ownership”
shall have correlative meanings. 
 “Board” means the board of directors of the LLC. 
  

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 “Cause” means, with respect to any Person, such Person (i) has committed an act of
fraud, dishonesty, misrepresentation or breach of trust; (ii) has been convicted of a felony or any offense involving moral turpitude; (iii) has been found by any regulatory body or self-regulatory organization having jurisdiction over the
LLC or its Affiliates to have, or has entered into a consent decree determining that such Person, violated any applicable regulatory requirement or a rule of a self-regulatory organization; (iv) has, in the capacity as an officer of the LLC or
a partner of any of the LLC’s Affiliates, committed an act constituting gross negligence or willful misconduct; (v) has violated in any material respect any agreement with respect to the LLC or any of its Affiliates; (vi) has become
subject to any proceeding seeking to adjudicate such Person a bankrupt or insolvent, or seeking liquidation, reorganization, arrangement, adjustment, protection, relief or composition of the debts of such Person under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for such Person or for any substantial part of the property of such Person, or such
Person has taken any action authorizing such proceeding; or (vii) a breach by such Person of the non-competition or non-solicitation covenants provided in any agreement between such Person and the LLC or any of its Affiliates. 
 “Class A Shares” means the Class A Shares of the LLC representing Class A limited liability company interests of the LLC and
any equity securities issued or issuable in exchange for or with respect to such Class A Shares by way of a dividend, split or combination of shares or in connection with a reclassification, recapitalization, merger, consolidation or other
reorganization. 
 “Class B Shareholder” has the meaning set forth in the recitals hereto. 
 “Class B Shareholder Committee” has the meaning set forth in Section 2.1 
 “Class B Shares” means the Class B Shares of the LLC representing Class B limited liability company interests of the LLC and any equity
securities issued or issuable in exchange for or with respect to such Class B Shares by way of a dividend, split or combination of shares or in connection with a reclassification, recapitalization, merger, consolidation or other reorganization.

 “Class B Transferor” means any Person that, as a result of any Permitted Transfer or Consent Transfer, is no longer the
record holder of the Class B Shares subject to such Permitted Transfer or Consent Transfer, as applicable. 
 “Class C Non-Equity
Interests” means, collectively, one class C non-equity interest in each of the entities within the Och-Ziff Operating Group. 
 “Continuing Initial Class B Shareholders” shall mean any Initial Class B Shareholder and any Applicable Transferee of such Initial Class B Shareholder, but excluding any Person that is or previously was a member of any
Reallocation Group. 
 “Consent Transfer” has the meaning set forth in Section 3.1(a) 
  

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 “Control” means the possession, direct or indirect, of the power to direct or cause the
direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Controlled Affiliate” of any Person means any Affiliate that directly or indirectly, through one or more intermediaries, is Controlled by such Person. 
 “Disability” means that a Person (i) as determined by the Board in its sole discretion, is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months
under an accident and health plan covering employees and partners of the Company or an Affiliate of the Company. 
 “Exchange
Agreement” means the Exchange Agreement dated the date hereof by and among the limited partners of the entities included in the Och-Ziff Operating Group, Och-Ziff Corp, Och-Ziff Holding LLC and the LLC. 
 “Governmental Entity” means any court, administrative agency, regulatory body, commission or other governmental authority, board, bureau
or instrumentality, domestic or foreign and any subdivision thereof. 
 “Initial Class B Shareholders” has the meaning set
forth in the recitals to this Agreement. 
 “IPO” means the initial offering of Class A Shares to the public, as
described in the IPO Registration Statement. 
 “IPO Registration Statement” has the meaning set forth in the recitals to
this Agreement. 
 “LLC” has the meaning set forth in the recitals to this Agreement. 
 “Och-Ziff Corp” means Och-Ziff Holding Corporation, a Delaware corporation and wholly owned subsidiary of the LLC. 
 “Och-Ziff Holding LLC” means Och-Ziff Holding LLC, a Delaware limited liability company and wholly owned subsidiary of the LLC.

 “Och-Ziff Operating Group” means, collectively, Persons directly controlled by Och-Ziff Corp or Och-Ziff Holding LLC. As
of the date hereof, the Och-Ziff Operating Group is comprised of OZ Management LP, a Delaware limited partnership, OZ Advisors LP, a Delaware limited partnership and OZ Advisors II LP, a Delaware limited partnership. 
 “Och-Ziff Operating Group Agreements” means, collectively, the limited partnership agreements and/or other organizational documents of
each of the entities within the Och-Ziff Operating Group, as the same may be amended or implemented from time during the term of this Agreement. 
  

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 “Och-Ziff Operating Group Units” means, collectively, a unit or units of interest
representing limited partnership interests or other similar interests in each of the entities within the Och-Ziff Operating Group (including without limitation, the units designated as the “Class A common units” in each such entity issued
under the applicable Och-Ziff Operating Group Agreement on or prior to the date hereof). 
 “Operating Agreement” means the
Second Amended and Restated Limited Liability Company Agreement of the LLC, as amended or supplemented from time to time. 
 “Outstanding” means, with respect to Shares, all Shares that are issued by the LLC and reflected as outstanding on the LLC’s books and records as of the relevant date of determination. 
 “Owned Class B Shares” means the Class B Shares owned of record by the Class B Shareholders as initially set forth on Schedule I
hereof, as adjusted for any new issuance, cancellation, redemption and or repurchase of Class B Shares and as further adjusted by way of a dividend, split or combination of Class B Shares or in connection with a reclassification, recapitalization,
merger, consolidation or other reorganization. 
 “Partner Management Committee” means the Partner Management Committee of
each Och-Ziff Operating Group entity as it may be constituted from time to time in accordance with the applicable Och-Ziff Operating Group Agreement and, which, as of the date hereof, consists of Messrs. Och, Windreich, Frank, Cohen, Varga, Kelly
and Brown, with Mr. Och serving as Chairman. 
 “Permitted Transfer” means a transfer of Class B Shares (i) to any
Person that is a holder of Class B Shares immediately prior to such transfer and/or is (or will be) the beneficial owner of Och-Ziff Operating Group Units immediately prior to, or immediately following, such transfer, (ii) permitted under (and
effected in compliance with) the Exchange Agreement, (iii) by operation of law, or (iv) effected in accordance with Section 3.2 hereof, in each case, provided that such transfer is otherwise made in compliance with applicable
securities laws, including the Securities Act. 
 “Permitted Transferee” means any holder of Class B Shares, other than an
Initial Class B Shareholder, who obtains such Class B Shares in a Permitted Transfer or a Consent Transfer. 
 “Person”
means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, Governmental Entity or other entity. 
 “Proceeding” shall have the meaning set forth in Section 8.8. 
 “Proxy Term” means the period from the date of original issuance of the Class B Shares until the later of (x) Daniel Och’s
Withdrawal, death or Disability and (y) the date on which the Class B Shareholders no longer Beneficially Own Voting Securities that comprise at least 40% of the Total Voting Power. 
  

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 “Reallocation Event” means any event involving a reallocation of Och-Ziff Operating
Group Units pursuant to the respective Och-Ziff Operating Group Agreements. 
 “Reallocation Group” means any Initial Class
B Shareholder that is required to have such Person’s Och-Ziff Operating Group Units reallocated in a Reallocation Event (a “Reallocation Person”) and any Applicable Transferee of any Reallocation Person. 
 “Reallocation Share Amount” means a number of Class B Shares equal to the number of Och-Ziff Operating Group Units being reallocated in
connection with a Reallocation Event. 
 “Related Trust” means, in respect of any Class B Shareholder, any Person that is an
estate, family limited liability company or family limited partnership of such individual Class B Shareholder, a trust the grantor of which is such individual Class B Shareholder, or any other estate planning vehicle or family member relating to
such individual Class B Shareholder. 
 “Representative” means with respect to a particular Person, any director, officer,
manager, employee, agent, consultant, advisor, accountant, financial advisor, legal counsel or other representative of that Person. 
 “SEC” means the United States Securities and Exchange Commission or any similar agency then having jurisdiction to enforce the Securities Act. 
 “Securities Act” means the Securities Act of 1933, as amended, supplemented or restated from time to time and any successor to such statute, and the rules and regulations promulgated thereunder.

 “Selected Courts” shall have the meaning set forth in Section 8.8. 
 “Shareholders” means, collectively, the holders of Outstanding Class A Shares and holders of Outstanding Class B Shares.

 “Shares” means, collectively, the Outstanding Class A Shares and Class B Shares. 
 “Subsidiary” or “Subsidiaries” means, with respect to any Person, as of any date of determination, any other Person as
to which such Person owns, directly or indirectly, or otherwise controls, more than 50% of the voting shares or other similar interests or the sole general partner interest or managing member or similar interest of such Person. 
 “Termination Date” has the meaning set forth in Section 6.1 hereof. 
 “Total Voting Power” means the total number of votes that may be cast in the election of directors of the LLC if all Outstanding Voting
Securities and Voting Securities treated as Outstanding pursuant to the final sentence of this definition were present and voted at a meeting held for such purpose. The percentage of the Total Voting Power of the LLC Beneficially Owned by any Person
is the percentage of the Total Voting Power of the LLC that is represented by the total number of votes that may be cast in the election of directors of the LLC by Voting Securities Beneficially Owned by such Person. In calculating such percentage,
the Voting Securities Beneficially Owned by any Person that are not Outstanding but are subject to issuance 

  

 5 

 
upon exercise, exchange or conversion or any options, warrants or other rights Beneficially Owned by such Person shall be deemed to be Outstanding for the
purpose of computing the percentage of the Total Voting Power of the LLC represented by Voting Securities Beneficially Owned by such Person, but shall not be deemed to be Outstanding for such purpose to the extent that the exercise, conversion or
exchange of any such securities or rights would directly result in the repurchase, cancellation, forfeiture or redemption of any Outstanding Voting Securities already included in such calculation and, in no event shall such securities or rights be
deemed to be Outstanding for the purpose of computing the percentage of the Total Voting Power of the LLC represented by Voting Securities Beneficially Owned by any other Person. 
 “Voting Securities” means Class A Shares, Class B Shares and any other securities of the LLC entitled to vote generally in the
election of directors of the LLC. 
 “Withdrawal” means, with respect to any Person that is a partner in any Och-Ziff
Operating Group entity, the withdrawal of such Person as a partner of each such Och-Ziff Operating Group entity and/or the voluntary or involuntary termination of such Person’s active involvement in the business or operations of the Och-Ziff
Operating Group and its Affiliates. 
 SECTION 1.2 GENDER. For the purposes of this Agreement, the words “he,” “his” or
“himself” shall be interpreted to include the masculine, feminine and corporate, other entity or trust form. 
 ARTICLE II 

 CLASS B SHAREHOLDER COMMITTEE 
 SECTION 2.1 ESTABLISHMENT. Each Class B Shareholder hereby consents and agrees to the establishment of a Class B Shareholder Committee (the “Class B Shareholder Committee”) to be comprised initially of Daniel Och, as sole
member until his Withdrawal, death or Disability. Upon Mr. Och’s Withdrawal, death or Disability and at any point in time thereafter at which there is no member of the Class B Shareholder Committee, the Partner Management Committee shall
act by majority vote to reconstitute the Class B Shareholder Committee either by (i) appointing a new Class B Shareholder to serve as the sole member of the Class B Shareholder Committee until such Class B Shareholder’s Withdrawal, death,
Disability or removal from the Class B Shareholder Committee by a majority vote of the Partner Management Committee, or (ii) appointing all of the members of the Partner Management Committee as members of the Class B Shareholder Committee, in
which event, the members shall act by majority vote on all matters to be approved by the Class B Shareholder Committee. Any Person that shall replace an existing member of the Partner Management Committee for any reason after the establishment of
the Class B Shareholder Committee pursuant to clause (ii) hereto shall also replace such existing member in his capacity as a member of the Class B Shareholder Committee. 
 SECTION 2.2 DELEGATION OF AUTHORITY. 
 (a)
Each Class B Shareholder hereby irrevocably delegates all power and authority to the members of the Class B Shareholder Committee (and each of them) existing at 

  

 6 

 
any time and from time to time to exercise, on behalf of such Class B Shareholder, any and all rights of such Class B Shareholder during the Applicable Term
with respect to the matters set forth in this Agreement, including without limitation, the (i) nomination of individuals for election to the Board as set forth in Section 4.1; (ii) approval of the matters set forth in
Section 5.1; (iii) voting of its Class B Shares as set forth in Section 2.3; (iv) waiver or amendment of certain provisions of this Agreement, subject to the limitations set forth in Section 8.9; (v) exercise of rights
granted to the Class B Shareholders or the Class B Shareholder Committee in the Operating Agreement as set forth in Section 5.1(b); and (vi) actions necessary or advisable to effect the foregoing to the extent not specifically set forth
herein. 
 (b) The Class B Shareholder Committee shall have the resources and authority necessary or advisable to discharge its duties and
responsibilities, including the authority to retain and terminate outside counsel, experts, consultants or other advisors, including any search firm to be used to identify director nominees, as it deems appropriate. The Class B Shareholder Committee
shall have the sole authority to approve related fees and other terms of any such engagement. Any such fees or expenses arising out of any such engagement shall be paid by the LLC or reimbursed upon the written demand of the Class B Shareholder
Committee. 
 SECTION 2.3 VOTING PROXY AND POWER OF ATTORNEY. Each Class B Shareholder hereby irrevocably constitutes and appoints the
members of the Class B Shareholder Committee (and each of them) existing at any time and from time to time, as the sole and exclusive attorney-in-fact and proxy of such Class B Shareholder, with full power of substitution and resubstitution, to
attend any meeting of the shareholders of the LLC or of the Class B Shareholders, and any adjournment or postponement thereof, on such Class B Shareholder’s behalf and to vote or abstain from voting the Owned Class B Shares of such Class B
Shareholder in its sole discretion for or against any action or proposal to the fullest extent permitted by law during the Proxy Term. Any such vote or abstention shall not be subject to challenge or input from such Class B Shareholder. Each Class B
Shareholder hereby revokes any and all previous proxies with respect to such Class B Shareholder’s Owned Class B Shares (which, for the avoidance of doubt, shall not include the power of attorney set forth in Section 2.6 of the Operating
Agreement) and no subsequent proxies (whether revocable or irrevocable) shall be given (and if given, shall not be effective) by such Class B Shareholder with respect to the Owned Class B Shares that conflict with this proxy. This proxy and power of
attorney is intended to be irrevocable and is coupled with an interest sufficient in law to support an irrevocable proxy and is granted for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged and shall be
valid and binding on any person to whom the Class B Shareholder may transfer any of its Owned Class B Shares during the Proxy Term. The attorney-in-fact and proxy identified above will be empowered at any and all times during the Proxy Term to vote
or act by written consent with respect to the Owned Class B Shares at every annual, special, adjourned or postponed meeting of Shareholders, and in every written consent in lieu of such a meeting, or otherwise. The power of attorney granted herein
is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of each Class B Shareholder. Any such vote shall be cast or consent shall be given in accordance with such procedures relating thereto as shall ensure
that it is duly counted for purposes of determining that a quorum is present and for purposes of recording the results of such vote or consent. The provisions of this Section 2.3 shall terminate at the end of the Proxy Term. 
  

 7 

 SECTION 2.4 EXCULPATION. To the fullest extent permitted by applicable law, no member of the Class B
Shareholder Committee shall be liable to the Class B Shareholders or any of them to any Affiliate of any Class B Shareholder for any damages incurred by reason of any act performed or omitted to be performed by such member of the Class B Shareholder
Committee under this Agreement, including the proxy granted herein. 
 ARTICLE III 
 TRANSFER RESTRICTIONS; REALLOCATION EVENTS 
 SECTION 3.1 TRANSFER RESTRICTIONS. 
 (a) Except for Permitted Transfers, no Class B Shareholder may, directly or indirectly,
transfer any Class B Shares without the prior written consent of the Class B Shareholder Committee, which consent may be given or withheld or made subject to such conditions (including, without limitation, receipt of such legal opinions and other
documents as the Class B Shareholder Committee may require) as determined by the Class B Shareholder Committee, in each case, in its sole discretion (a “Consent Transfer”). 
 (b) Prior to giving effect to any Permitted Transfer, Consent Transfer or any new issuance of Class B Shares and reflecting the transferee or purchaser
of Class B Shares as an owner of record, the LLC shall require that any such Person who is not already a party to this Agreement shall (i) execute a joinder to this Agreement, in form and substance reasonably acceptable to the LLC and the Class
B Shareholder Committee, in which such Person shall agree to be a “Class B Shareholder” for all purposes of this Agreement and (ii) become party to the Exchange Agreement in accordance with the terms thereof. 
 SECTION 3.2 REALLOCATION EVENTS. Upon any Reallocation Event, the Reallocation Share Amount held by the Reallocation Group prior to giving effect to such
Reallocation Event shall be automatically reallocated to the Continuing Initial Class B Shareholders on a pro rata basis among all such Continuing Initial Class B Shareholders, based on the number of Class B Shares held of record by each such
Continuing Class B Shareholder as of the closing of the IPO. 
 ARTICLE IV 
 BOARD REPRESENTATION 
 SECTION 4.1 NOMINEES. 
 (a) So long as the Class B Shareholders collectively Beneficially Own: 
 (i) Voting Securities representing more than 50% of the Total Voting Power, the Board shall nominate five individuals designated by the
Class B Shareholder Committee; 
 (ii) Voting Securities representing 40% or more of the Total Voting Power and less than or
equal to 50% of the Total Voting Power, the Board shall nominate three individuals designated by the Class B Shareholder Committee; 
  

 8 

 (iii) Voting Securities representing 25% or more of the Total Voting Power and less than
40% of the Total Voting Power, the Board shall nominate two individuals designated by the Class B Shareholder Committee; 
 (iv) Voting Securities representing 10% or more of the Total Voting Power and less than 25% of the Total Voting Power, the Board shall nominate one individual designated by the Class B Shareholder Committee; and 
 (v) Voting Securities representing less than 10% of the Total Voting Power, the Board shall have no obligation to nominate any individual
that is designated by the Class B Shareholder Committee. 
 (b) In the event that any designee of the Class B Shareholder Committee under
this Section 4.1 shall for any reason cease to serve as a member of the Board during his term of office, the resulting vacancy on the Board shall be filled by an individual designated by the Class B Shareholder Committee. 
 ARTICLE V 
 APPROVAL OF CERTAIN
MATTERS 
 SECTION 5.1 CLASS B SHAREHOLDER COMMITTEE APPROVAL. 
 (a) So long as the Class B Shareholders collectively Beneficially Own more than 40% of the Total Voting Power, the LLC shall not take, and the Board shall
not authorize, approve or ratify, any of the following actions or any plan with respect thereto without the prior written approval of the Class B Shareholder Committee: 
 (i) any incurrence of indebtedness (other than inter-company indebtedness), in one transaction or a series of related transactions, by
the LLC or any of its Subsidiaries or Controlled Affiliates in an amount in excess of 10% of the then existing long-term indebtedness of the LLC and its Subsidiaries on a consolidated basis (including the current portion of such long-term
indebtedness); 
 (ii) any issuance by the LLC or any of its Subsidiaries or Controlled Affiliates in any transaction or
series of related transactions of equity or equity-related securities which would represent, after such issuance, or upon conversion, exchange or exercise, as the case may be, at least 10% of the Total Voting Power (other than (1) pursuant to
transactions solely among the LLC and its wholly owned Subsidiaries, (2) upon issuances of securities pursuant to the LLC’s 2007 equity incentive plan described in the IPO Registration Statement (as the same may be supplemented, amended or
restated from time to time), (3) upon the exchange of Och-Ziff Operating Group Units for securities pursuant to the Exchange Agreement or (4) upon conversion of convertible securities or upon exercise of warrants or options, which
convertible securities, warrants or options are outstanding on the date hereof or issued in compliance with this Agreement); 
  

 9 

 (iii) any equity or debt commitment to invest or investment or series of related equity
or debt commitments to invest or investments by the LLC or any of its Subsidiaries or Controlled Affiliates in a Person or group of related Persons in an amount greater than $250 million; 
 (iv) any entry by the LLC or any of its Subsidiaries or Controlled Affiliates into a new line of business that does not involve
investment advisory or investment management services and that requires a principal investment in excess of $100 million; 
 (v) the adoption of a shareholder rights plan by the LLC; 
 (vi) any appointment or removal of a Chief Executive
Officer of the LLC or Co-Chief Executive Officer of the LLC; or 
 (vii) the termination of the employment of an executive
officer of the LLC or any of its Subsidiaries or Controlled Affiliates or the termination of the association of a partner with any of the LLC’s Subsidiaries or Controlled Affiliates, in each case, without Cause. 
 (b) So long as any Class B Shares are Outstanding, the Class B Shareholder Committee shall have full power and authority to exercise any rights granted
to the Class B Shareholders or the Class B Shareholder Committee under Section 2.9 and Section 9.3 of the Operating Agreement to the fullest extent permitted by law, including, without limitation, any rights to consent (or withhold
consent) to certain actions set forth therein and to consent (or withhold consent) to certain amendments to the Operating Agreement as set forth therein. 
 ARTICLE VI 
 TERMINATION 
 SECTION 6.1 TERM. This Agreement shall automatically terminate upon the earlier of (a) January 1, 2050 or (b) the date on which no Class B
Shares are Outstanding. This Agreement may be terminated at any time by the mutual written agreement of the LLC and the Class B Shareholder Committee. The date of any automatic termination or termination by mutual consent shall be deemed the
“Termination Date”. 
 SECTION 6.2 SURVIVAL. On the Termination Date, this Agreement shall become void and of no further
force and effect, except for the provisions set forth in this Section 6.2 and Article III, which provisions shall remain in full force and effect until no Owned Class B Shares are Outstanding. 
  

 10 

 ARTICLE VII 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 7.1 REPRESENTATIONS AND WARRANTIES OF THE CLASS B
SHAREHOLDERS. Each Class B Shareholder severally, and not jointly, represents and warrants to the LLC and to each other Class B Shareholder that (a) this Agreement has been duly authorized, executed and delivered by such Class B Shareholder or
his, her or its attorney-in-fact on behalf of such Class B Shareholder and is a valid and binding agreement of such Class B Shareholder, enforceable against such Class B Shareholder in accordance with its terms; (b) the execution, delivery and
performance by such Class B Shareholder of this Agreement does not violate or conflict with or result in a breach of or constitute (or with notice or lapse of time or both constitute) a default under any agreement to which such Class B Shareholder
is a party or, if applicable, the organization documents of such Class B Shareholder; and (c) such Class B Shareholder has good and marketable title to the Shares owned by such Class B Shareholder as of the date hereof free and clear of any
pledge, lien, security interest, charge, claim, equity or encumbrance of any kind, other than pursuant to this Agreement. 
 SECTION 7.2
REPRESENTATIONS AND WARRANTIES OF THE LLC. The LLC represents and warrants to each Class B Shareholder that (a) the LLC is duly authorized to execute, deliver and perform this Agreement; (b) this Agreement has been duly authorized,
executed and delivered by the LLC and is a valid and binding agreement of the LLC, enforceable against the LLC in accordance with its terms; and (c) the execution, delivery and performance by the LLC of this Agreement does not violate or
conflict with or result in a breach by the LLC of or constitute (or with notice or lapse of time or both constitute) a default by the LLC under its Certificate of Formation or the Operating Agreement, any existing applicable law, rule, regulation,
judgment, order, or decree of any Governmental Entity exercising any statutory or regulatory authority of any of the foregoing, domestic or foreign, having jurisdiction over the LLC or any of its Subsidiaries or any of their respective properties or
assets, or any agreement or instrument to which the LLC or any of its Subsidiaries is a party or by which the LLC or any of its Subsidiaries or any of their respective properties or assets may be bound. 
 ARTICLE VIII 
 MISCELLANEOUS 

 SECTION 8.1 NOTICES. All notices, requests, consents and other communications hereunder to any party shall be deemed to be sufficient if
contained in a written instrument delivered in person or sent by facsimile or electronic mail or nationally recognized overnight courier, addressed to such party at the address, facsimile number or electronic mail address set forth below or such
other address, facsimile number or electronic mail address as may hereafter be designated in writing by such party to the other parties: 
 (a) if to the LLC, to: 
 Och-Ziff Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, New York 10019 
 (T) (212) 790-0041 
 (E) Jeffrey.Blockinger@ozcap.com 
 Attention: Chief Legal Officer and Chief Financial Officer 
  

 11 

 with a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036 
 (T) (212) 735-3000 
 (F) (212) 735-2000 
 Attention: Jennifer A. Bensch, Esq. 
 (b) if to the Class B Shareholder Committee, to: 
 Class B Shareholder Committee 
 c/o Och-Ziff Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, New York 10019 
 (T) (212) 790-0041 
 (F) (212) 719-7402 
 Attention: Chairman 
 (c) if to any of the Class B Shareholders, to the address, facsimile number or electronic mail address set
forth for such Class B Shareholders in the records of the LLC. 
 SECTION 8.2 INTERPRETATION. The headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “included”, “includes” or “including” are used in this Agreement, they shall be deemed to
be followed by the words “without limitation”. 
 SECTION 8.3 SEVERABILITY. The provisions of this Agreement shall be deemed
severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any person or entity or any
circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such
invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or
unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction. 
 SECTION
8.4 COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall, taken together, be considered one and the same agreement, it being understood that both parties need not
sign the same counterpart. 
  

 12 

 SECTION 8.5 ENTIRE AGREEMENT; NO THIRD PARTY BENEFICIARIES. This Agreement (a) constitutes the
entire agreement and supersedes all other prior agreements, both written and oral, among the parties with respect to the subject matter hereof and (b) is not intended to confer upon any Person, other than the parties hereto any rights or
remedies hereunder. 
 SECTION 8.6 FURTHER ASSURANCES. Each party shall execute, deliver, acknowledge and file such other documents and take
such further actions as may be reasonably requested from time to time by the other party hereto to give effect to and carry out the transactions contemplated herein. 
 SECTION 8.7 GOVERNING LAW; EQUITABLE REMEDIES. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE (WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES
THEREOF). The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or was otherwise breached. It is accordingly agreed that
the parties hereto shall be entitled to an injunction or injunctions and other equitable remedies to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any of the Selected Courts (as defined below),
this being in addition to any other remedy to which they are entitled at law or in equity. Any requirements for the securing or posting of any bond with respect to such remedy are hereby waived by each of the parties hereto. Each party further
agrees that, in the event of any action for an injunction or other equitable remedy in respect of such breach or enforcement of specific performance, it will not assert the defense that a remedy at law would be adequate. 
 SECTION 8.8 CONSENT TO JURISDICTION. With respect to any suit, action or proceeding (“Proceeding”) arising out of or relating to this
Agreement or any transaction contemplated hereby, each of the parties hereto hereby irrevocably (i) submits to the exclusive jurisdiction of the United States District Court for the Southern District of New York or the Court of Chancery located
in the State of Delaware, County of Newcastle (the “Selected Courts”) and waives any objection to venue being laid in the Selected Courts whether based on the grounds of forum non conveniens or otherwise and hereby agrees not to
commence any such Proceeding other than before one of the Selected Courts; provided, however, that a party may commence any Proceeding in a court other than a Selected Court solely for the purpose of enforcing an order or judgment
issued by one of the Selected Courts; (ii) consents to service of process in any Proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, or by recognized international express carrier or delivery service,
to the LLC or the Class B Shareholders at their respective addresses referred to in Section 8.1 hereof; provided, however, that nothing herein shall affect the right of any party hereto to serve process in any other manner
permitted by law; and (iii) TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, WAIVES, AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING
IN 

  

 13 

 
WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREES THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ITS RIGHT
TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED TRANSACTIONS WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 
 SECTION 8.9 AMENDMENTS; WAIVERS. 
 (a) No
provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed, in the case of an amendment, by the LLC and the Class B Shareholder Committee, or in the case of a waiver, by the LLC if the waiver is to
be effective against it or the Class B Shareholder Committee if the waiver is to be effective against it or any Class B Shareholder. Notwithstanding the foregoing, no amendment or waiver for the purpose of or having the effect of (i) increasing
the duration of the voting proxy set forth in Section 2.3 or (ii) expanding the restrictions on transfer set forth in Section 3.1 shall be effective without the prior written consent of each Class B Shareholder affected by such
proposed waiver or amendment. 
 (b) No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as
waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of
any rights or remedies provided by law. 
 SECTION 8.10 ASSIGNMENT. Neither this Agreement nor any of the rights or obligations hereunder
shall be assigned by any of the parties hereto without the prior written consent of the other parties, except as set forth in Article III. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be
enforceable by the parties and their respective successors and assigns. 
 SECTION 8.11 LEGENDS. Each Class B Shareholder hereby agrees that
a legend will be affixed to any certificates representing the Class B Shares stating that such Class B Shares are subject to the irrevocable voting proxy and transfer restrictions set forth in this Agreement. 
 SECTION 8.12 ACTIONS IN OTHER CAPACITIES. Nothing in this Agreement shall limit, restrict or otherwise affect any actions taken by any member of
the Class B Shareholder Committee in his capacity as an officer, partner, employee, member or member of the Board of the LLC or any of its Subsidiaries or Controlled Affiliates. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 14 

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

			
	OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC
		
	By:	 	 /s/ Joel Frank

	 Name:
 Title:
	 	 Joel Frank
 Chief Financial
Officer

  

	
	 CLASS B SHAREHOLDERS

	
	 /s/ Daniel S. Och

	 Daniel S. Och

	
	 /s/ David Windreich

	David Windreich
	
	 /s/ Joel Frank

	Joel Frank
	
	 /s/ Arnaud Achache

	Arnaud Achache
	
	 /s/ Massimo Bertoli

	Massimo Bertoli
	
	 /s/ James-Keith Brown

	James-Keith Brown
	
	 /s/ Michael Cohen

	Michael Cohen
	
	 /s/ Anthony Fobel

	Anthony Fobel
	
	 /s/ Kaushik Ghosh

	Kaushik Ghosh
	
	 /s/ Harold Kelly

	Harold Kelly
	
	 /s/ Richard Lyon

	Richard Lyon
	
	 /s/ Dan Manor

	Dan Manor
	
	 /s/ James O’Connor

	James O’Connor
	
	 /s/ Joshua Ross

	Joshua Ross
	
	 /s/ Raaj Shah

	Raaj Shah
	
	 /s/ Boaz Sidikaro

	Boaz Sidikaro
	
	 /s/ David Stonehill

	David Stonehill
	
	 /s/ Zoltan Varga

	Zoltan Varga

 Signature Page to Class B Shareholders Agreement

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