Document:

EX-10.4

 Exhibit 10.4 

Dave & Buster’s Entertainment, Inc. 

2014 Omnibus Incentive Plan 

(Performance Based) 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Award Agreement”) is made effective as of
                             (the “Date of Grant”), between Dave &
Buster’s Entertainment, Inc., a Delaware corporation (the “Company”) and [●] (the “Participant”). 

R E C I T A L S: 

WHEREAS, the Company has adopted the Dave & Buster’s Entertainment, Inc. 2014 Omnibus Incentive Plan (as amended from time to
time, the “Plan”); and 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the
“Committee”) has determined that it would be in the best interests of the Company and its stockholders to grant the award (the “Award”) of performance-vesting restricted stock units (each, an “RSU”)
provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual
covenants hereinafter set forth, the parties agree as follows: 
 1.    Grant of Award. The Company hereby grants
to the Participant RSUs on the following terms: 
 (a)    Upon achievement of target-level performance set forth in this
Agreement, [●] RSUs may be earned under this Award (the “Target Achievable RSUs”) in respect of the one-year performance period commencing on
                             and ending on or prior to
                                 (the “Performance Period,” and
the last day, the “Closing Date”). 
 (b)    Each RSU represents one notional share of common stock,
par value $.01 per share, of the Company (each, a “Share”). 
 2.    Terms and Conditions. 

(a)    Calculation of Earned Portion. The Award shall be one hundred percent (100%) unvested as of the Date of
Grant. Pursuant to the terms of the Plan and this Award Agreement, including, without limitation, Sections 3 and 4 below, as soon as reasonably practicable following the Closing Date, the Committee shall determine and certify the number of RSUs, if
any, that shall be deemed earned and eligible for vesting and settlement (such RSUs, “Earned RSUs”) in accordance with subsection (c) below. Any and all RSUs that are not deemed to be Earned RSUs shall be forfeited and canceled
immediately without consideration and shall not be eligible for settlement in accordance with Section 3 hereof. 

  
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 (b)    Service Vesting. The Earned RSUs shall vest on
                                , subject to earlier vesting in accordance with
Section 4 below (the date of vesting, the “Vesting Date”). 
 (c)    Performance
Calculation. All or a portion of the RSUs shall be deemed earned as set forth in the table below based on the volume-weighted average closing price of a share of the Company’s common stock for any consecutive
10-trading day period (the “Average Share Price”) during the Performance Period. If during the Performance Period, the Average Share Price fails to achieve the maximum level but falls between the
minimum level and maximum level (each such level as set forth below), then the percentage of RSUs that shall be deemed earned shall be determined using straight-line interpolation between the two applicable levels. The RSUs that are deemed earned in
accordance with this Section 2(c) shall be payable as of (and not before) the Settlement Date (defined below). 
  

					
	 Average Share Price
	  	Earned
Percentage
of RSUs	 
	 [●] or greater (maximum level)
	  	 	100	% 
	 [●] (minimum level)
	  	 	50	% 
	 Less than [●]
	  	 	0	% 

 3.    Settlement. 

(a)    Share Settlement. Pursuant to the terms of the Plan and this Award Agreement, including, without limitation,
Sections 3(b) and 4 below, and to the extent that it would not cause a violation of Section 409A, each vested Earned RSU shall be settled by the issuance of a Share as soon as practicable following the Vesting Date, and in all events no later
than the June 30 next following the Vesting Date, as determined solely by the Company (the date of settlement, the “Settlement Date”). Vested and Earned RSUs settled via Share issuance shall be distributed to the Participant or
the Participant’s legal representative; provided, that the Company may, at its election, either (a) on or after the Settlement Date, issue a certificate representing the Shares subject to this Award Agreement, or (b) not issue any
certificate representing Shares subject to this Award Agreement and instead document the Participant’s or the Participant’s legal representative’s interest in the Shares by registering the Shares with the Company’s transfer agent
(or another custodian selected by the Company) in book-entry form. 

(b)    Limitations.    The maximum number of Shares issuable under this Award Agreement (the
“Maximum Share Limit”) shall equal 100% of the Target Achievable RSUs. 
 (c)    Award Subject to
Clawback Policy. The Participant agrees and acknowledges that the Participant is bound by, and the Award is subject to, any clawback policy adopted by the Committee from time to time. 

4.    Termination of Service. Notwithstanding anything herein to the contrary: 

  
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 (a)    Termination of Service Due to Death or Disability. Upon a
termination of the Participant’s Service by reason of death or Disability that occurs: 
 (i)    at
any time prior to the expiration of the Performance Period, then the Award shall be settled in accordance with Section 3 above in respect of 100% of the Target Achievable RSUs, notwithstanding the termination of the Participant’s Service,
except that notwithstanding Section 2(b), such RSUs shall be immediately fully vested and thereafter settled within sixty (60) days following such termination of Service, subject to the applicable limitations set forth in Section 3
above; and 
 (ii)    after the expiration of the Performance Period and prior to the Settlement Date,
then the Award shall be settled in accordance with Section 3 above, in respect of the number of then-outstanding Earned RSUs, except that notwithstanding Section 2(b), such RSUs shall be immediately fully vested and settled within thirty
(30) days following such termination of Service, subject to the applicable limitations set forth in Section 3 above. 
 For purposes of this Award
Agreement, “Disability” means (i) “Disability” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does
not define Disability: the Participant is disabled to the extent that he or she 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 twelve (12) months, or is receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of
Dave & Buster’s Management Corporation, Inc. The determination of the Participant’s Disability shall be made in good faith by a physician reasonably acceptable to the Company. 

(b)    Termination upon hiring permanent CEO or expiration of Interim CEO Agreement. Upon the termination of the
Participant’s Service by the Company or one of its successors or Affiliates by reason of (i) the hiring by the Company of a permanent CEO (other than the Participant), or (ii) the expiration of the Interim CEO Agreement dated
September 21, 2021, either of which that occurs at any time prior to the Settlement Date, then the Award shall be settled in accordance with Section 3 above following the end of the Performance Period in respect of the number of Earned
RSUs. 
 (c)    Termination without Cause or for Good Reason related to a Change of Control. Upon (i) a
termination of the Participant’s Service by the Company or one of its successors or Affiliates without Cause or due to the Participant’s resignation for Good Reason (excluding termination by reason of death or Disability) (a
“Specified Termination”) and (ii) the Specified Termination occurs either within ninety (90) days before or within twelve (12) months following the occurrence of a Change of Control of the Company (the
“Protected Period”), then: 
 (i)    If the Change in Control occurs at any time prior
to the expiration of the Performance Period, the Award shall be converted to restricted stock units (“RSUs”) in respect of the Target Achievable RSUs, notwithstanding the termination of the Participant’s Service, except that
notwithstanding Section 2(b), such RSUs shall be immediately fully vested and be settled on the Settlement Date following such termination of Service, subject to the applicable limitations set forth in Section 3 above; and 

  
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 (ii)    If the Change in Control occurs after the
expiration of the Performance Period and prior to the Settlement Date, the Award shall be settled in accordance with Section 3 above, in respect of the number of then-outstanding Earned RSUs, except that notwithstanding Section 2(b), such
RSUs shall be fully vested upon such termination (or, if later, such Change of Control) and settled within ten (10) days following such termination (or, if later, such Change of Control), subject to the applicable limitations set forth in
Section 3 above; 
 provided, that if a Specified Termination should occur prior to a Change of Control of the Company, the Award shall remain
outstanding for up to ninety (90) days following such Specified Termination in order to determine whether such Specified Termination shall have occurred during a Protected Period such that the Award shall be eligible for settlement pursuant to
this Section 4(c). 
 (d)    Termination of Service without Cause. Upon a termination of the
Participant’s Service by the Company or one of its successors or Affiliates without Cause that occurs: 

(i)    at any time prior to the expiration of the Performance Period, then the Award shall be settled in
accordance with Section 3 above in respect of the number of RSUs that would have been earned pursuant to this Agreement based on actual performance during the full Performance Period, notwithstanding the termination of the Participant’s
Service, multiplied by a fraction, the numerator of which is the number of days in the Performance Period through and including the date of termination of Service, and the denominator of which is 272, except that notwithstanding Section 2(b),
such RSUs shall be fully vested and settled on the Settlement Date following such termination of Service, subject to the applicable limitations set forth in Section 3 above; and 

(ii)    after the expiration of the Performance Period and prior to the Settlement Date, then the Award
shall be settled in accordance with Section 3 above. 
 (e)    For purposes of this Award Agreement,
“Cause” means (x) “Cause” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (y) if there is no such employment agreement or if it does not define Cause: the
willful and continued failure by the Participant to perform the duties assigned by the Company, failure to follow reasonable business-related directions from the Company, gross insubordination, theft from the Company or its Affiliates, habitual
absenteeism or tardiness, conviction or plea of guilty or nolo contendere to a felony, misdemeanor involving fraud, theft or moral turpitude, or any other reckless or willful misconduct that is contrary to the best interests of the Company or
materially and adversely affects the reputation of the Company. 
 (f)    For purposes of this Award Agreement,
“Good Reason” means (i) “Good Reason” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does not define
Good Reason: Without the Participant’s consent, (A) a material reduction in the Participant’s annual base 

  
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salary or (B) a relocation of the Participant’s primary place of employment with the Company by more than fifty (50) miles from that in effect as of the Date of Grant; provided,
however, that neither item (A) nor item (B) shall constitute Good Reason unless the Participant has provided written notice to the Company within thirty (30) days of the occurrence of such event and the Company shall have failed to
cure such event within thirty (30) days of receipt of such written notice. 
 (g)    Other Terminations of
Service. Upon a termination of the Participant’s Service prior to the Settlement Date for any reason other than pursuant to Sections 4(a), 4(b) and 4(c) above, the Award, including any then-outstanding Earned RSUs, shall immediately
terminate and be forfeited without consideration. 
 (h)    Release. Upon a termination of the Participant’s
Service prior to the final Settlement Date for termination without Cause pursuant to Section 4(c), settlement of any Award shall be conditioned first upon the Participant’s execution of a fully effective and
non-revocable general release (“Release”) in favor of the Company, its Board of Directors, Affiliates, and employees, in such form as reasonably approved by the Company and the Participant within
sixty (60) days of the Participant’s termination of Service, which Release shall be provided to the Participant within five (5) days of the Participant’s termination of Service. 

5.    No Right to Continued Service. The granting of the Award evidenced hereby and this Award Agreement shall
impose no obligation on the Company or any Affiliate to continue the Service of the Participant and shall not lessen or affect any right that the Company or any Affiliate may have to terminate the Service of such Participant. 

6.    Shareholder Rights. Neither the Participant nor the Participant’s representative shall have any rights
as a shareholder of the Company with respect to the RSUs until such Person receives the Shares, if any, issued upon settlement. 

7.    Non-Solicitation and
Non-Hire. If the Participant has an employment agreement with the Company or any of its Subsidiaries that contains non-solicitation and/or non-hire covenants, the covenants are incorporated into this Award Agreement by reference. To the extent the Participant does not have an employment agreement containing such covenants, the following restrictive
covenants shall apply: 
 As a material incentive for the Company to enter into this Award Agreement, during the term of the
Participant’s employment with the Company or any of its Subsidiaries and for a period of twelve (12) months from the termination of the Participant’s employment for any reason (including, without limitation, resignation by the
Participant) (the “Non-Solicitation and Non-Hire Period”) the Participant shall not, directly or indirectly, on the Participant’s own behalf or on behalf
of any other person, partnership, entity, association, or corporation, induce or attempt to influence, induce, or encourage anyone who is or, within the six (6) months prior to the date of termination was, an employee of the Company or any of
its Subsidiaries at or above the managerial level (including, without limitation, General Managers, Assistant General Managers, store departmental managers, and all higher-ranking managers) (for purposes of this Section 7, an

  
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“Employee”), client, supplier, vendor, licensee, distributor, contractor or other business relation of the Company or any of its Subsidiaries to cease doing business with, adversely
alter or interfere with its business relationship with, the Company or any of its Subsidiaries. Further, during the Non-Solicitation and Non-Hire Period, the Participant
shall not, on the Participant’s own behalf or on behalf of any other person, partnership, entity, association, or corporation, (i) solicit or seek to hire any Employee, or in any other manner attempt directly or indirectly to influence,
induce, or encourage any Employee to leave their employ (provided, however, that nothing herein shall restrict the Participant from engaging in any general solicitation that is not specifically targeted at such persons), nor shall the Participant
use or disclose to any person, partnership, entity, association, or corporation any information concerning the names, addresses or personal telephone numbers of any Employee, (ii) without the Company’s prior written consent, hire, employ
or engage as a consultant any Employee, or (iii) directly or indirectly solicit, induce, or attempt to influence, induce, or encourage any person, partnership, entity, association, or corporation that is a client or customer of the Company or
its Subsidiaries and who or which the Participant helped to schedule or conduct a special event or corporate teambuilding while employed by the Company or its Subsidiaries to schedule or conduct a special event or corporate teambuilding through
another person, partnership, entity, association, or corporation. 
 This Section 7 shall survive termination or settlement of the
Award and termination or satisfaction of the Award Agreement. 
 8.    Securities Laws/Legend on Certificates.
The issuance and delivery of Shares shall comply with all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations,
and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. If the Company deems it necessary to ensure that the issuance of securities under the Plan is not required to be
registered under any applicable securities laws, the Participant shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company which satisfies such requirements. The certificates
representing the Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. 
 9.    Transferability. Unless otherwise provided by the Committee, the Award
may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that, the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.
No such permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem
necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

  
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 10.    Withholding. The Participant may be required to pay to the
Company or any Affiliate and the Company shall have the right and is hereby authorized to withhold any applicable withholding taxes in respect of the Award, its exercise or transfer and to take such other action as may be necessary in the opinion of
the Committee to satisfy all obligations for the payment of such withholding taxes. 
 11.    Notices. Any
notification required by the terms of this Award Agreement shall be given in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified
mail, with postage and fees prepaid. A notice shall be addressed to the Company, Attention: General Counsel, at its principal executive office and to the Participant at the address that he or she most recently provided to the Company. 

12.    Entire Agreement. This Award Agreement and the Plan constitute the entire contract between the parties
hereto with regard to the subject matter hereof and supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. 

13.    Waiver. No waiver of any breach or condition of this Award Agreement shall be deemed to be a waiver of any
other or subsequent breach or condition whether of like or different nature. 
 14.    Successors and Assigns.
The provisions of this Award Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the
Participant’s estate, whether or not any such person shall have become a party to this Award Agreement and have agreed in writing to be joined herein and be bound by the terms hereof. 

15.    Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a)    This Award Agreement and all claims, causes of action or proceedings (whether in contract, in tort, at law or
otherwise) that may be based upon, arise out of or relate to this Award Agreement shall be governed by the internal laws of the State of Delaware, excluding any conflicts or
choice-of-law rule or principle that might otherwise refer construction or interpretation of the Award Agreement to the substantive law of another jurisdiction. Each
party to this Award Agreement agrees that it shall bring all claims, causes of action and proceedings (whether in contract, in tort, at law or otherwise) that may be based upon, arise out of or be related to the Award Agreement exclusively in the
Delaware Court of Chancery or, in the event (but only in the event) that such court does not have subject-matter jurisdiction over such claim, cause of action or proceeding, exclusively in the United States District Court for the District of
Delaware (the “Chosen Court”) and hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen Court, (ii) waives any objection to laying venue in any such proceeding in the Chosen Court, (iii) waives
any objection that the Chosen Court is an inconvenient forum or does not have jurisdiction over any party and (iv) agrees that service of process upon such party in any such claim or cause of action shall be effective if notice is given in
accordance with this Award Agreement.

  
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 (b)    EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO A
TRIAL BY JURY IN ANY CLAIM OR CAUSE OF ACTION (WHETHER IN CONTRACT, IN TORT, AT LAW OR OTHERWISE) INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF ITS, HIS OR HER OBLIGATIONS HEREUNDER. 

16.    Award Subject to Plan. By entering into this Award Agreement the Participant agrees and acknowledges that
the Participant has received and read a copy of the Plan. The Award is subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between
any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 

17.    No Guarantees Regarding Tax Treatment. The Participant shall be responsible for all taxes with respect to
the Award. The Committee and the Company make no guarantees regarding the tax treatment of the Award. 

18.    Amendment. The Committee may amend or alter this Award Agreement and the Award granted hereunder at any
time, subject to the terms of the Plan. 
 19.    Signature in Counterparts. This Award Agreement may be signed
in counterparts, manually or electronically, and each of which will be an original, with the same effect as if the signatures to each were upon the same instrument. 

20.    Electronic Signature and Delivery. This Award Agreement may be accepted by return signature or by electronic
confirmation. Each party agrees that the electronic signatures, whether digital or encrypted, of the parties included in this Award Agreement are intended to authenticate this writing and to have the same force and effect as manual
signatures. Delivery of a copy of this Agreement or any other document contemplated hereby bearing an original or electronic signature by facsimile transmission (whether directly from one facsimile device to another by means of a dial-up connection or whether mediated by the worldwide web), by electronic mail in “portable document format” (“.pdf”) form, or by any other electronic means intended to preserve the original
graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original or electronic signature. 

21.    Severability. The provisions of this Award Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

[signature page follows] 

  
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 IN WITNESS WHEREOF, the Company and the Participant have executed this Restricted Stock Unit
Award Agreement as of the date first set forth above. 
 PARTICIPANT 
  

	
	  

	 [●]

 

			
	DAVE & BUSTER’S ENTERTAINMENT, INC.

 
			
		
	 By:
	 	  

		 	 [●]

  
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Page 9 of 9EX-10.2

 Exhibit 10.2 
  

 
  

TAX DISAFFILIATION AGREEMENT 

BETWEEN 
 VECTOR GROUP
LTD. 
 AND 

DOUGLAS ELLIMAN INC. 

dated as of [                    ], 2021

  
  

 
  

 TABLE OF CONTENTS 
  

							
	 SECTION 1.
	  	 Definition of Terms
	  	 	2	 
			
	 SECTION 2.
	  	 Allocation of Taxes and Tax-Related Losses
	  	 	10	 
			
		  	 2.1    Allocation of Taxes
	  	 	10	 
			
		  	 2.2    Special Allocation of Certain Taxes
	  	 	11	 
			
		  	 2.3    Tax Payments
	  	 	12	 
			
	 SECTION 3.
	  	 Preparation and Filing of Tax Returns
	  	 	12	 
			
		  	 3.1    Combined Returns
	  	 	12	 
			
		  	 3.2    Separate Returns
	  	 	12	 
			
		  	 3.3    Agent
	  	 	12	 
			
		  	 3.4    Provision of Information
	  	 	13	 
			
		  	 3.5    Special Rules Relating to the Preparation of Tax Returns
	  	 	13	 
			
		  	 3.6    Refunds, Credits, Offsets, Tax Benefits
	  	 	13	 
			
		  	 3.7    Carrybacks
	  	 	14	 
			
		  	 3.8    Amended Returns
	  	 	14	 
			
	 SECTION 4.
	  	 Tax Payments
	  	 	15	 
			
		  	 4.1    Payment of Taxes to Tax Authority
	  	 	15	 
			
		  	 4.2    Indemnification Payments
	  	 	15	 
			
		  	 4.3    Interest on Late Payments
	  	 	15	 
			
		  	 4.4    Tax Consequences of Payments
	  	 	15	 
			
		  	 4.5    Adjustments to Payments
	  	 	16	 
			
		  	 4.6    Section 336(e) Election
	  	 	16	 
			
		  	 4.7    Certain Final Determinations
	  	 	17	 
			
	 SECTION 5.
	  	 Cooperation and Tax Contests
	  	 	17	 
			
		  	 5.1    Cooperation
	  	 	17	 
			
		  	 5.2    Notices of Tax Contests
	  	 	17	 
			
		  	 5.3    Control of Tax Contests
	  	 	18	 
			
		  	 5.4    Cooperation Regarding Tax Contests
	  	 	18	 
			
	 SECTION 6.
	  	 Tax Records
	  	 	18	 
			
		  	 6.1    Retention of Tax Records
	  	 	18	 
			
		  	 6.2    Access to Tax Records
	  	 	19	 
			
		  	 6.3    Confidentiality
	  	 	19	 
			
	 SECTION 7.
	  	 Representations and Covenants
	  	 	19	 
			
		  	 7.1    Covenants of Parent and Spinco
	  	 	19	 

  
 i 

							
			
		  	 7.2    Covenants of Spinco
	  	 	20	 
			
		  	 7.3    Covenants of Parent
	  	 	20	 
			
		  	 7.4    Exceptions
	  	 	21	 
			
		  	 7.5    Injunctive Relief
	  	 	22	 
			
		  	 7.6    Further Assurances
	  	 	22	 
			
	 SECTION 8.
	  	 General Provisions
	  	 	22	 
			
		  	 8.1    General Provisions
	  	 	21	 
			
		  	 8.2    Third-Party Beneficiaries
	  	 	21	 

  

  
 ii 

 TAX DISAFFILIATION AGREEMENT 

THIS TAX DISAFFILIATION AGREEMENT (the “Agreement”) is dated as of [    ], by and between Vector Group
Ltd., a Delaware corporation (“Parent”), and Douglas Elliman Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“Spinco” and, together with Parent, the “Parties”, and each, a
“Party”). Unless otherwise indicated, all “Section” references in this Agreement are to sections of the Agreement. 

RECITALS 
 WHEREAS, the
Board of Directors of Parent determined that, based on the Corporate Business Purposes, it is in the best interests of Parent and its stockholders to separate the businesses of Spinco, all as more fully described in Spinco’s registration
statement on Form S-1, from Parent’s other businesses on the terms and conditions set forth in the Distribution Agreement between Parent and Spinco dated on or about the date hereof (the “Distribution Agreement”); 

WHEREAS, pursuant to the Distribution Agreement, Parent intends to complete (or cause to be completed) the Contribution; 

WHEREAS, the Board of Directors of Parent has authorized the distribution to the holders (as of the record date) of the issued and outstanding
shares of common stock, par value $0.01 per share, of Parent (collectively, the “Parent Shares”) of the issued and outstanding shares of common stock, par value $0.01 per share, of Spinco (each, a “Spinco Share” and
collectively, the “Spinco Shares”), on the basis of one Spinco Share for every two Parent Shares (the “Distribution”); 

WHEREAS, Parent and Spinco intend the Contribution and Distribution to qualify for the Tax-Free
Status; 
 WHEREAS, the Boards of Directors of Parent and Spinco have each determined that the Distribution and the other transactions
contemplated by the Distribution Agreement and the Ancillary Agreements are in furtherance of and consistent with the Corporate Business Purposes and, as such, are in the best interests of their respective companies and stockholders or sole
stockholder, as applicable, and have approved the Distribution Agreement and each of the Ancillary Agreements; 
 WHEREAS, the Parties set
forth in the Distribution Agreement the principal arrangements between them regarding the separation of the Spinco Group from the Parent Group; and 

WHEREAS, the Parties desire to provide for and agree upon the allocation between the Parties of liabilities for Taxes arising prior to, as a
result of, and subsequent to the Distribution, and to provide for and agree upon other matters relating to Taxes; 
 NOW, THEREFORE, in
consideration of the mutual covenants contained in this Agreement, the Parties hereby agree as follows: 

 SECTION 1.    Definition of
Terms. For purposes of this Agreement (including the recitals hereof), the following terms have the following meanings: 

“Affiliate” has the meaning set forth in the Distribution Agreement. For the avoidance of doubt, the term “Affiliate” as it
applies to Spinco shall include members of the Spinco Group. 
 “Agreed Treatment” means the treatment of the Contribution and the
Distribution in accordance with the Tax-Free Status. 
 “Agreement” has the meaning set
forth in the preamble hereof. 
 “Ancillary Agreements” means the agreements encompassed by such term in the Distribution
Agreement but excluding, for the avoidance of doubt, the reference therein to the “Tax Disaffiliation Agreement”. 

“Business Day” has the meaning set forth in the Distribution Agreement. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Combined Return” means a consolidated, combined or unitary Tax Return that includes, by election or otherwise, one or more members
of the Parent Group and one or more members of the Spinco Group. 
 “Companies” means Parent and Spinco. 

“Company” means Parent or Spinco, as the context requires. 

“Compensatory Equity Interests” means options, stock appreciation rights, restricted stock, restricted stock units or other rights
with respect to Parent Shares or Spinco Shares that are granted by Parent, Spinco or any of their respective Subsidiaries in connection with employee or director compensation or other employee benefits. 

“Compensatory Equity Net Share Settlements” means “net share settlement” transactions with respect to Compensatory Equity
Interests between either Party (or any of their respective Subsidiaries) on the one hand and the employee (or director, as the case may be) of such Party or the other Party (or any of their respective Subsidiaries) on the other hand, in each case
pursuant to the terms of the relevant agreement with respect to such Compensatory Equity Interests. 
 “Contribution” means the
contribution of Assets to, and the Assumption of Liabilities by (each as defined in the Distribution Agreement), Spinco. 

“Controlling Party” means, with respect to a Tax Contest, the Person that has responsibility, control and discretion in handling,
defending, settling or contesting such Tax Contest. 

  
 2 

 “Corporate Business Purposes” means the Corporate Business Purposes as set forth
in the Tax Opinion Representations (including any appendices thereto) and the “Reasons for the Distribution” in Spinco’s registration statement on Form S-1, as amended. 

“Deconsolidation Taxes” means any Taxes imposed on any member of the Parent Group or the Spinco Group as a result of or in
connection with the Contribution and the Distribution (or any portion thereof), but excluding any Transfer Taxes, Distribution Taxes, and, for the avoidance of doubt, Taxes arising from the Equity Award Transfer. 

“Disclosing Party” has the meaning set forth in Section 6.3. 

“Distribution” has the meaning set forth in the recitals hereof, it being understood that, for the avoidance of doubt, the
Distribution excludes the Equity Award Transfer. 
 “Distribution Agreement” has the meaning set forth in the recitals hereof.

 “Distribution Date” has the meaning set forth in the Distribution Agreement. 

“Distribution Taxes” means any Taxes arising from a Final Determination that the Contribution and the Distribution failed to be tax-free to Parent in accordance with the requirements of section 355 or section 368(a)(1)(D) of the Code (including any Taxes resulting from the application of section 355(d) or (e) of the Code to
the Distribution), or that any stock of Spinco failed to qualify as “qualified property” within the meaning of section 355(c)(2) or 361(c)(2) of the Code (including as a result of the application of section 355(d) or 355(e) of the
Code to the Distribution) or where applicable, failed to be stock permitted to be received without recognition of gain or loss under section 361(a) of the Code, and shall include any Taxes resulting from an election under section 336(e) of the
Code in the circumstances set forth in Section 4.6 hereof. For the avoidance of doubt, “Distribution Taxes” does not include any Taxes arising from the Equity Award Transfer. 

“Due Date” has the meaning set forth in Section 4.3. 

“Effective Time” means 11:59 p.m., New York City time, on the Distribution Date. 

“Employee Matters Agreement” means the Employee Matters Agreement by and between Parent and Spinco entered into on or about the date
hereof. 
 “Equity Award Transfer” means the transfer of Spinco Shares with respect to Parent Equity Awards, which transfer shall
not exceed 3.5% of the total outstanding shares of Spinco. 
 “Escheat Liability” means any unclaimed property or escheat
liability, including any interest, penalty, administrative charge, or addition thereto and further including all costs of responding to or defending against an audit, examination, or controversy with respect to such liability, imposed by or on
behalf of a governmental entity with respect to any property or obligation (including, without limitation, uncashed checks to vendors, customers, or employees and non-refunded overpayments). 

  
 3 

 “Excess Taxes” means the excess of (x) the Taxes for which Parent Group is
liable if an election is made pursuant to section 336(e) of the Code under Section 4.6 of this Agreement, over (y) the Taxes for which Parent Group is liable if such an election is not made, in each case taking into account the
allocation of Taxes that is otherwise applicable in this Agreement but without regard to Section 4.6 hereof. 
 “Expert Law
Firm” means a law firm nationally recognized for its expertise in the matter for which its opinion is sought. 

“Thirty-Five-Percent Equity Interest” means, in respect of any corporation (within the meaning of the Code), stock or other equity
interests of such corporation possessing (i) at least thirty-five percent (35%) of the total combined voting power of all classes of stock or equity interests entitled to vote, or (ii) at least thirty-five percent (35%) of the total value
of shares of all classes of stock or of the total value of all equity interests. 
 “Filer” means the Company that is responsible
for filing the applicable Tax Return pursuant to Sections 3.1 or 3.2. 
 “Final Determination” means a determination within the
meaning of section 1313 of the Code or any similar provision of state or local Tax Law. 
 “Group” means the Parent Group or
the Spinco Group, as the context requires. 
 “Income Tax” or “Income Taxes” means any Tax that is imposed on or
measured by or referred to as income, gross income, gross receipts, profits, capital stock, franchise or other similar Tax. 

“Indemnified Party” has the meaning set forth in Section 4.5. 

“Indemnifying Party” has the meaning set forth in Section 4.5. 

“Interest Rate” means (x) the “Prime Rate” as set forth in the Distribution Agreement, or (y) if higher and if
with respect to a payment to indemnify for a Tax to which the “large corporate underpayment” provision within the meaning of section 6621(c) of the Code applies, such interest rate that would be applicable at such time to such “large
corporate underpayment.” 
 “IRS” means the Internal Revenue Service. 

“Parent” has the meaning set forth in the preamble hereof. 

“Parent Business” has the meaning ascribed to the term “Distributing Business” in the Tax Opinion Representations that
constitutes an active trade or business (within the meaning of section 355(b) of the Code) of the separate affiliated group (as defined in section 355(b)(3)(B) of the Code) of Parent. 

“Parent Equity Award” has the meaning ascribed to the term “Vector Equity Award” in the Employee Matters Agreement. 

  
 4 

 “Parent Group” has the meaning ascribed to the term “Parent Group” in
the Distribution Agreement. 
 “Parent Indemnified Party” includes each member of the Parent Group, each of their representatives
and Affiliates, each of their respective directors, officers, managers and employees, and each of their heirs, executors, trustees, administrators, successors and assigns. 

“Parent Restricted Action” means any action by Parent or any of its Subsidiaries inconsistent with the covenants set forth in
Section 7.4(a); and, for the avoidance of doubt, an action shall be and remain a Parent Restricted Action even if Parent or any of its Subsidiaries is permitted to take such an action pursuant to Section 7.5(b). 

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

“Parent Tainting Act” means any breach of a representation or covenant made by Parent in Section 7.1 of this Agreement or the
taking of a Parent Restricted Action, if as a result of such breach or taking of a Parent Restricted Action a Final Determination is made that the Contribution and the Distribution (excluding, for the avoidance of doubt, the Equity Award Transfer)
failed to be tax-free by reason of (i) failing to qualify as a transaction described in section 355 and section 368(a)(1)(D) of the Code, or (ii) any stock of Spinco failing to qualify as
“qualified property” within the meaning of section 355(c)(2) or 361(c)(2) of the Code (including as a result of the application of section 355(d) or 355(e) of the Code to the Distribution) or where applicable, failing to be stock
permitted to be received without recognition of gain or loss under section 361(a) of the Code. It is understood and agreed that the Equity Award Transfer does not constitute, by itself, a Parent Restricted Action or a Parent Tainting Act,
although it may be taken into account in determining whether some other Parent Tainting Act has resulted. 

“Non-Controlling Party” has the meaning set forth in Section 5.3(a). 

“Non-Filer” means any Company that is not responsible for filing the applicable Tax Return
pursuant to Sections 3.1 or 3.2. 
 “Non-Income Tax” or
“Non-Income Taxes” means any Tax that is not an Income Tax. 
 “Other Party” has
the meaning set forth in Section 4.6(b). 
 “Party” has the meaning set forth in the preamble hereof. 

“Parties” has the meaning set forth in the preamble hereof. 

“Payment Date” means (x) with respect to any U.S. federal income tax return, the date on which any required installment of
estimated taxes determined under section 6655 of the Code is due, the date on which (determined without regard to extensions) filing the return determined under section 6072 of the Code is required, and the date the return is filed, and
(y) with respect to any other Tax Return, the corresponding dates determined under the applicable Tax Law. 

  
 5 

 “Periodic Taxes” means Taxes imposed on a periodic basis that are not based upon
or related to income or receipts. Periodic Taxes include property Taxes and similar Taxes. 
 “Permitted Acquisition” means any
acquisition (as a result of the Distribution but excluding, for the avoidance of doubt, as a result of the Equity Award Transfer) of Spinco Shares solely by reason of holding Parent Shares, but does not include such an acquisition if such Parent
Shares, before such acquisition, were themselves acquired in a manner to which the flush language of section 355(e)(3)(A) of the Code applies (thus causing, for the avoidance of doubt, section 355(e)(3)(A)(i), (ii), (iii) or
(iv) of the Code not to apply). 
 “Person” means any individual, corporation, company, limited liability company,
partnership, trust, incorporated or unincorporated association, joint venture or other entity of any kind. 
 “Post-Distribution
Period” means any Tax Year or other taxable period beginning after the Distribution Date and, in the case of any Straddle Period, that part of the Tax Year or other taxable period that begins at the beginning of the day after the Distribution
Date. 
 “Pre-Distribution Period” means any Tax Year or other taxable period that ends on
or before the Distribution Date and, in the case of any Straddle Period, that part of the Tax Year or other taxable period through the end of the day on the Distribution Date. 

“Preparer” means the Company that is responsible for the preparation and filing of the applicable Tax Return pursuant to
Sections 3.1 or 3.2. 
 “Receiving Party” has the meaning set forth in Section 6.3. 

“Responsible Party” has the meaning set forth in Section 4.6(b). 

“Restriction Period” means the period beginning on the Distribution Date and ending twenty-four (24) months after the
Distribution Date. 
 “Satisfactory Guidance” means either a ruling from the IRS or an Unqualified Opinion, in either case
reasonably satisfactory to Parent or Spinco (as the context dictates) in both form and substance. 
 “Separate Return” means
(a) in the case of any Tax Return required under relevant Tax Law to be filed by any member of the Parent Group (including any consolidated, combined or unitary Tax Return), any such Tax Return that does not include any member of the Spinco
Group, and (b) in the case of any Tax Return required under relevant Tax Law to be filed by any member of the Spinco Group (including any consolidated, combined or unitary Tax Return), any such Tax Return that does not include any member of the
Parent Group. 
 “Spinco” has the meaning set forth in the preamble hereof. 

“Spinco Business” has the meaning ascribed to the term “Controlled Business” in the Tax Opinion Representations that
constitutes an active trade or business (within the meaning of section 355(b) of the Code) of the separate affiliated group (as defined in section 355(b)(3)(B) of the Code) of Spinco. 

  
 6 

 “Spinco Share” or “Spinco Shares” has the meaning set forth in the
recitals to this Agreement. 
 “Spinco Group” has the meaning ascribed to the term “Spinco Group” in the Distribution
Agreement. 
 “Spinco Indemnified Party” includes each member of the Spinco Group, each of their representatives and Affiliates,
each of their respective directors, officers, managers and employees, and each of their heirs, executors, trustees, administrators, successors and assigns. 

“Spinco Restricted Action” means any action by Spinco or any of its Subsidiaries inconsistent with the covenants set forth in
Section 7.3; and, for the avoidance of doubt, an action shall be and remain a Spinco Restricted Action even if Spinco or any of its Subsidiaries is permitted to take such an action pursuant to Section 7.5(a). 

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

“Spinco Tainting Act” means any breach of a representation or covenant made by Spinco in Section 7.1 of this Agreement or the
taking of a Spinco Restricted Action, if as a result of such breach or taking of a Spinco Restricted Action a Final Determination is made that the Contribution and the Distribution (excluding, for the avoidance of doubt, the Equity Award Transfer)
failed to be tax-free by reason of (i) failing to qualify as a transaction described in section 355 and section 368(a)(1)(D) of the Code, or (ii) any stock of Spinco failing to qualify as
“qualified property” within the meaning of section 355(c)(2) or 361(c)(2) of the Code (including as a result of the application of section 355(d) or 355(e) of the Code to the Distribution) or where applicable, failing to be stock permitted
to be received without recognition of gain or loss under section 361(a) of the Code. It is understood and agreed that the Equity Award Transfer does not constitute, by itself, a Spinco Restricted Action or a Spinco Tainting Act, although it may
be taken into account in determining whether some other Spinco Tainting Act has resulted. 
 “Straddle Period” means any taxable
period beginning on or prior to, and ending after, the Distribution Date. 
 “Subsidiary” when used with respect to any Person,
means (i)(A) a corporation a majority in voting power of whose share capital or capital stock with voting power, under ordinary circumstances, to elect directors is at the time, directly or indirectly, owned by such Person, by one or more
Subsidiaries of such Person, or by such Person and one or more Subsidiaries of such Person, whether or not such power is subject to a voting agreement or similar encumbrance, (B) a partnership or limited liability company in which such Person
or a Subsidiary of such Person is, at the date of determination, (1) in the case of a partnership, a general partner of such partnership with the power affirmatively to direct the policies and management of such partnership or (2) in the
case of a limited liability company, the managing member or, in the absence of a managing member, a member with the power affirmatively to direct the policies and management of such limited liability company, or (C) any other Person (other than
a corporation) in which such Person, one or more Subsidiaries of such Person or such 

  
 7 

 
Person and one or more Subsidiaries of such Person, directly or indirectly, at the date of determination thereof, has or have (1) the power to elect or direct the election of a majority of
the members of the governing body of such Person, whether or not such power is subject to a voting agreement or similar encumbrance, or (2) in the absence of such a governing body, at least a majority ownership interest or (ii) any other
Person of which an aggregate of 50% or more of the equity interests are, at the time, directly or indirectly, owned by such Person and/or one or more Subsidiaries of such Person. For the avoidance of doubt, the term “Subsidiary” as it
applies to Spinco shall include the members of the Spinco Group. 
 “Tax” or “Taxes” means any income, gross income,
gross receipts, profits, capital stock, franchise, withholding, payroll, social security, workers’ compensation, employment, unemployment, disability, property, ad valorem, stamp, excise, severance, occupation, service, sales, use, license,
lease, transfer, import, export, value added, alternative minimum, estimated or other similar tax (including any fee, assessment, or other charge in the nature of or in lieu of any tax) imposed by any Tax Authority, any Escheat Liability, abandoned,
or unclaimed property law, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing, together with any reasonable expenses, including attorneys’ fees, incurred in defending against any such tax. 

“Tax Adjustment” has the meaning set forth in Section 4.7. 

“Tax Authority” means, with respect to any Tax, the governmental entity or political subdivision, agency, commission or authority
thereof that imposes such Tax, and the agency, commission or authority (if any) charged with the assessment, determination or collection of such Tax for such entity or subdivision. 

“Tax Benefit” means a reduction in the Tax liability of a taxpayer (or of the Group of which it is a member) for any taxable period.
Except as otherwise provided in this Agreement, a Tax Benefit shall be deemed to have been realized or received from a Tax Item in a taxable period only if and to the extent that the Tax liability of the taxpayer (or of the Group of which it is a
member) for such period, after taking into account the effect of the Tax Item on the Tax liability of such taxpayer in the current period and all prior periods, is less than it would have been if such Tax liability were determined without regard to
such Tax Item. 
 “Tax Contest” means an audit, review, examination, or any other administrative or judicial proceeding with the
purpose, potential or effect of redetermining Taxes of any member of either Group (including any administrative or judicial review of any claim for refund). 

“Tax Counsel” means Sullivan & Cromwell LLP. 

“Tax-Free Status” means the qualification of the Contribution and the
Distribution (a) as a transaction described in section 355 and section 368(a)(1)(D) of the Code, (b) as a transaction in which the stock of Spinco distributed by Parent is “qualified property” for purposes of sections
355(c)(2), 355(d), 355(e) and 361(c) of the Code, and (c) a transaction in which shareholders of Parent will not recognize income, gain or loss upon the Distribution under section 355(a) of the Code (except with respect to cash received in lieu
of fractional shares). For the avoidance of doubt, “Tax-Free Status” does not relate to (x) any Taxes arising from the Equity Award Transfer or (y) any qualification of the Equity Award
Transfer for any particular tax treatment. 

  
 8 

 “Tax Item” means, with respect to any Tax, any item of income, gain, loss,
deduction, credit, adjustment in basis, or other attribute that may have the effect of increasing or decreasing any Tax. 
 “Tax
Law” means the law of any governmental entity or political subdivision thereof, and any controlling judicial or administrative interpretations of such law, relating to any Tax. 

“Tax Opinion” means the opinion (or opinions) to be delivered by Tax Counsel to Parent in connection with the Distribution to the
effect that (i) Parent will not recognize gain or loss upon the Distribution (excluding, for the avoidance of doubt, the Equity Award Transfer) under section 355(c) or section 361(c) of the Code, and (ii) shareholders of Parent will not
recognize gain or loss upon the Distribution (excluding, for the avoidance of doubt, the Equity Award Transfer) under section 355(a) of the Code, and no amount will be included in such shareholders’ income, except in respect of cash
received in lieu of fractional Spinco Shares. 
 “Tax Opinion Representations” means the written and signed representations
delivered to Tax Counsel in connection with the Tax Opinion. 
 “Tax Records” means Tax Returns, Tax Return work papers,
documentation relating to any Tax Contests, and any other books of account or records required to be maintained under applicable Tax Laws (including but not limited to section 6001 of the Code) or under any record retention agreement with any
Tax Authority. 
 “Tax Return” means any report of Taxes due, any claims for refund of Taxes paid, any information return with
respect to Taxes, or any other similar report, statement, declaration, or document filed or required to be filed (by paper, electronically or otherwise) under any applicable Tax Law, including any attachments, exhibits, or other materials submitted
with any of the foregoing, and including any amendments or supplements to any of the foregoing. 
 “Tax Year” means, with respect
to any Tax, the year, or shorter period, if applicable, for which the Tax is reported as provided under applicable Tax Law. 

“Transactions” means the transactions contemplated by the Distribution Agreement (excluding the Equity Award Transfer) and includes,
for the avoidance of doubt, (i) the Contribution and (ii) the Distribution. 
 “Transfer Taxes” means all U.S. federal,
state, local or foreign sales, use, privilege, transfer, documentary, gains, stamp, duties, recording, and similar Taxes and fees (including any penalties, interest or additions thereto) imposed upon any Party hereto or any of its Affiliates in
connection with the Distribution. 
 “Transition Services Agreement” means the transition services agreement between Parent and
Spinco dated on or about the date hereof. 

  
 9 

 “Treasury Regulations” means the regulations promulgated from time to time under
the Code as in effect for the relevant Tax Year. 
 “Unqualified Opinion” means an unqualified “will” opinion of an
Expert Law Firm that permits reliance by Parent or Spinco (as the context dictates). For the avoidance of doubt, an Unqualified Opinion must be based on factual representations and assumptions that are reasonably satisfactory to Parent or Spinco (as
the context dictates). 
 SECTION 2.    Allocation of Taxes and Tax-Related Losses. 
 2.1    Allocation of
Taxes. Except as provided in Section 2.2, Taxes shall be allocated as follows: 
 (a)    Parent shall be liable
for and shall be allocated (i) any Taxes attributable to members of the Parent Group for all periods, and (ii) any Taxes attributable to members of the Spinco Group for any Pre-Distribution Period.

 (b)    Spinco shall be liable for and shall be allocated any Taxes attributable to members of the Spinco Group for
any Post-Distribution Period. 
 (c)    In applying the provisions of Sections 2.1(a) and 2.1(b) (but subject to
the provisions of Section 2.2): 
 (i)    Any Taxes, other than Periodic Taxes, in respect of a
Straddle Period shall be allocated between the Pre-Distribution Period and the Post-Distribution Period on a “closing of the books” basis by assuming that the books of the members of the Parent Group
and the members of the Spinco Group were closed on the Distribution Date. For purposes of the foregoing, depreciation and amortization deductions with respect to property placed in service after the Distribution Date shall be allocated to the
Post-Distribution Period, and all other depreciation and amortization deductions shall be allocated on a per diem basis. 

(ii)    Any Periodic Taxes in respect of a Straddle Period shall be allocated to the Pre-Distribution Period in an amount equal to such Periodic Taxes for the entire Straddle Period multiplied by a fraction the numerator of which is the number of calendar days in the period ending on the
Distribution Date and the denominator of which is the number of calendar days in the entire period. The portion of any Periodic Taxes in respect of a Straddle Period not allocated to the Pre-Distribution
Period shall be allocated to the Post-Distribution Period. For the avoidance of doubt, if a Party has prepaid Periodic Taxes that are allocated to the other Party under any provisions of this Agreement, the second Party shall reimburse the first
Party to the extent so allocated. 
 (iii)    Taxes attributable to any transaction or action taken by or
with respect to any member of the Spinco Group before the Effective Time on the Distribution Date shall be allocated to the Pre-Distribution Period, and Taxes attributable to any transaction or action taken by
or with respect to any member of the Spinco Group after the Effective Time on the Distribution Date shall be allocated to the Post-Distribution Period. 

  
 10 

 (iv)    In determining the allocation of any Escheat
Liability, the liability shall be allocated to the Party whose Group members actually hold (or are required to hold) the property subject to the Escheat Liability at the time a payment or remittance in respect of such liability is required to be
made to the applicable governmental entity. 
 (v)    Any Taxes arising from the Equity Award Transfer
shall be treated as Taxes described in Section 2.1(a) hereof, except to the extent such Taxes are specifically addressed by the Employee Matters Agreement. 

2.2    Special Allocation of Certain Taxes. Notwithstanding any other provision of
this Agreement: 
 (a)    Any and all Deconsolidation Taxes shall be borne by Parent. 

(b)    Spinco shall indemnify and hold harmless each Parent Indemnified Party from and against any liability of Parent for
Distribution Taxes to the extent such Distribution Taxes are attributable to a Spinco Tainting Act, provided, however, that Spinco shall have no obligation to indemnify any Parent Indemnified Party hereunder if there has occurred,
prior to such Spinco Tainting Act, a Parent Tainting Act and such Distribution Taxes are attributable to such Parent Tainting Act. It is understood and agreed that, in determining the amounts payable under this Section 2.2(b), there shall be
included all costs, expenses and damages associated with shareholders litigation or controversies and any amount paid by Parent in respect of the liability of its shareholders, whether paid to its shareholders or to any Tax Authority, in connection
with liability that may arise to shareholders as a result of receiving or accruing an amount payable under this Section 2.2(b), and all reasonable costs and expenses associated with such payments. 

(c)    Parent shall indemnify and hold harmless each Spinco Indemnified Party from and against any liability of Spinco for
Distribution Taxes to the extent that Spinco is not liable for such Taxes pursuant to Section 2.2(b). 
 (d)    The
Companies shall cooperate with each other and use their commercially reasonable efforts to reduce and/or eliminate any Transfer Taxes. If any Transfer Tax remains payable after application of the first sentence of this Section 2.2(d) and
notwithstanding any other provision in this Section 2, all Transfer Taxes shall be allocated to Parent. 

2.3    Tax Payments. Each Company shall be liable for and shall pay the Taxes
allocated to it by this Section 2 either to the applicable Tax Authority or to the other Company in accordance with Section 4 and the other applicable provisions of this Agreement. 

SECTION 3.    Preparation and Filing of Tax Returns. 

3.1    Combined Returns. 

  
 11 

 (a)    Parent shall be responsible for preparing and filing (or causing
to be prepared or filed) all Combined Returns for any Tax Year. For any such return, Spinco shall furnish any relevant information, including pro forma returns, disclosures, apportionment data and supporting schedules, relating to any member of the
Spinco Group necessary for completing any such return in a format suitable for inclusion in such return, provided that Spinco shall have the right to review and approve items on such returns if and to the extent such items directly relate to
Taxes for which Spinco would be liable under Section 2, such approval not to be unreasonably delayed, conditioned or withheld by Spinco. 

(b)    For the period in which the Transition Services Agreement is in effect, Spinco shall assist in the preparation of
any Tax Returns which may be requested by Parent in accordance with the terms of the Transition Services Agreement (even if, for the avoidance of doubt, the responsibility for preparation such Tax Return may be allocated to Parent under other
provisions of this Agreement). Nothing in this Section 3.1(b) shall be construed to affect Parent’s right or responsibility to file the Tax Returns whose filing is allocated to Parent under other provisions of this Agreement. 

3.2    Separate Returns. 

(a)    Tax Returns to be Prepared by Parent. Parent shall be responsible for preparing and filing (or causing to be
prepared and filed) all Separate Returns which relate to one or more members of any Group and for which Spinco is not responsible under Section 3.2(b), provided, however, that in the case of such returns which relate to one or
more members of the Spinco Group for any Pre-Distribution Period or Straddle Period, Spinco shall have the right to review and approve such returns, such approval not to be unreasonably delayed, conditioned or
withheld by Spinco. 
 (b)    Tax Returns to be Prepared by Spinco. Spinco shall be responsible for preparing and
filing (or causing to be prepared and filed) all Separate Returns which relate to one or more members of the Spinco Group for any Post-Distribution Period. 

3.3    Agent. Subject to the other applicable provisions of this Agreement
(including, without limitation, Section 5), Parent and Spinco (and their respective Affiliates) shall designate the other Party as its agent and attorney-in-fact to
take such action (including execution of documents) as such other Party may deem reasonably appropriate in matters relating to the preparation or filing of any Tax Return described in Sections 3.1 and 3.2. 

3.4    Provision of Information. 

(a)    Parent shall provide to Spinco, and Spinco shall provide to Parent, any information about members of the Parent
Group or the Spinco Group, respectively, that the Preparer reasonably requires to determine the amount of Taxes due on any Payment Date with respect to a Tax Return for which the Preparer is responsible pursuant to Section 3.1 or 3.2 and to
properly and timely file all such Tax Returns. 
 (b)    If a member of the Spinco Group supplies information to a
member of the Parent Group, or a member of the Parent Group supplies information to a member of the Spinco Group, and an officer of the requesting member intends to sign a statement or other document

  
 12 

 
under penalties of perjury in reliance upon the accuracy of such information, then a duly authorized officer of the member supplying such information shall certify, to the best of such
officer’s knowledge, the accuracy of the information so supplied. 

3.5    Special Rules Relating to the Preparation of Tax
Returns. 
 (a)    In General. All Tax Returns that include any members of the Parent Group or Spinco Group,
or any of their respective Affiliates, shall be prepared in a manner that is consistent with the Tax Opinion (including, for the avoidance doubt, the Tax Opinion Representations). Except as otherwise set forth in this Agreement, all Tax Returns for
which Parent has the right to prepare, review, approve or file under Sections 3.1 and 3.2 shall be prepared (x) in accordance with elections, Tax accounting methods and other practices used with respect to such Tax Returns filed prior to
the Distribution Date (unless such past practices are not permissible under applicable law), or (y) to the extent any items are not covered by past practices (or in the event such past practices are not permissible under applicable Tax Law), in
any reasonable manner, in accordance with the preparation, review, approval and filing responsibilities of Sections 3.1 and 3.2; provided, however, that in each case of (x) and (y) to the extent that a change in such
elections, methods or practices could not reasonably be expected to result in any adverse impact on Parent and would not be inconsistent with applicable law, such Tax Returns shall be prepared in accordance with reasonable practices selected by
Spinco. 
 (b)    Election to File Consolidated, Combined or Unitary Tax Returns. Subject to Spinco’s
reasonable approval, Parent shall elect to file any Tax Return on a consolidated, combined or unitary basis, if such Tax Return would include at least one member of each Group and the filing of such Tax Return is elective under the relevant Tax Law.

 3.6    Refunds, Credits, Offsets, Tax Benefits  

(a)    Any refunds, credits, or offsets with respect to Taxes allocated to Parent pursuant to this Agreement shall be for
the account of Parent. Any refunds, credits or offsets with respect to Taxes allocated to Spinco pursuant to this Agreement shall be for the account of Spinco. 

(b)    Parent shall forward to Spinco, or reimburse Spinco for, any such refunds, credits or offsets, plus any interest
received thereon, net of any Taxes incurred with respect to the receipt or accrual thereof and any expenses incurred in connection therewith, that are for the account of Spinco within fifteen (15) Business Days from receipt thereof by Parent or
any of its Affiliates. Spinco shall forward to Parent, or reimburse Parent for, any refunds, credits or offsets, plus any interest received thereon, net of any Taxes incurred with respect to the receipt or accrual thereof and any expenses incurred
in connection therewith, that are for the account of Parent within fifteen (15) Business Days from receipt thereof by Spinco or any of its Affiliates. Any refunds, credits or offsets, plus any interest received thereon, or reimbursements not
forwarded or made within the fifteen (15) Business Day period specified above shall bear interest from the date received by the refunding or reimbursing party (or its Affiliates) through and including the date of payment at the Interest Rate
(treating the date received as the Due Date for purposes of determining such interest). If, subsequent to a Tax Authority’s allowance of a refund, credit or offset, such Tax Authority reduces or eliminates such allowance, any refund,

  
 13 

 
credit or offset, plus any interest received thereon, forwarded or reimbursed under this Section 3.6 shall be returned to the party who had forwarded or reimbursed such refund, credit or
offset and interest upon the request of such forwarding party in an amount equal to the applicable reduction, including any interest received thereon. 

3.7    Carrybacks. To the extent permitted under applicable Tax Laws, the
Spinco Group shall make the appropriate elections in respect of any Tax Returns to waive any option to carry back any net operating loss, any credits or any similar item from a Post-Distribution Period to any
Pre-Distribution Period or to any Straddle Period. Any refund of or credit for Taxes resulting from any such carryback by a member of the Spinco Group that cannot be waived shall be payable to Spinco net of
any Taxes incurred with respect to the receipt or accrual thereof and any expenses incurred in connection therewith. 
 
3.8    Amended Returns. Any amended Tax Return or claim for Tax refund, credit or offset with respect to any member of the Parent Group or Spinco Group may be made only by the Company (or its Affiliates)
responsible for filing the original Tax Return with respect to such member pursuant to Sections 3.1 or 3.2 (and, for the avoidance of doubt, subject to the same preparation, review, approval and filing rights set forth in Sections 3.1 or 3.2,
to the extent applicable). Such Company (or its Affiliates) shall not, without the prior written consent of the other Company (which consent shall not be unreasonably withheld or delayed), file, or cause to be filed, any such amended Tax Return or
claim for Tax refund, credit or offset to the extent that such filing, if accepted, is likely to increase the Taxes allocated to, or the Tax indemnity obligations under this Agreement of, such other Company for any Tax Year (or portion thereof).

 SECTION 4.    Tax Payments. 

4.1    Payment of Taxes to Tax Authority. Parent shall be responsible for
remitting to the proper Tax Authority the Tax shown on any Tax Return for which it is responsible for filing pursuant to Section 3.1 or Section 3.2, and Spinco shall be responsible for remitting to the proper Tax Authority the Tax shown on
any Tax Return for which it is responsible for filing pursuant to Section 3.2. 

4.2    Indemnification Payments. 

(a)    Tax Payments Made by the Parent Group. If any member of the Parent Group is required to make a payment to a
Tax Authority for Taxes allocated to Spinco under this Agreement, Spinco will pay the amount of Taxes allocated to it to Parent not later than the later of (i) five (5) Business Days after receiving notification requesting such amount, and
(ii) five (5) Business Days prior to the date such payment is required to be made to such Tax Authority. Notwithstanding the preceding sentence, if any member of the Parent Group has made a prepayment of Periodic Taxes that are allocated
to Spinco under this Agreement, Spinco will pay the amount of such Taxes allocated to it to Parent not later than thirty (30) Business Days after the Distribution Date. 

(b)    Tax Payments Made by the Spinco Group. If any member of the Spinco Group is required to make a payment to a
Tax Authority for Taxes allocated to Parent under this Agreement, Parent will pay the amount of Taxes allocated to it to Spinco not later than the later 

  
 14 

 
of (i) five (5) Business Days after receiving notification requesting such amount, and (ii) five (5) Business Days prior to the date such payment is required to be made to
such Tax Authority. Notwithstanding the preceding sentence, if any member of the Spinco Group has made a prepayment of Periodic Taxes that are allocated to Parent under this Agreement, Parent will pay the amount of such Taxes allocated to it to
Spinco not later than thirty (30) Business Days after the Distribution Date. 

4.3    Interest on Late Payments. Payments pursuant to this Agreement that
are not made by the date prescribed in this Agreement or, if no such date is prescribed, not later than five (5) Business Days after demand for payment is made (the “Due Date”) shall bear interest for the period from and
including the date immediately following the Due Date through and including the date of payment at the Interest Rate. Such interest will be payable at the same time as the payment to which it relates. Interest will be calculated on the basis of a
year of 365 days and the actual number of days for which due. Any payments of interest made under this Section 4.3 shall be treated as taxable or deductible, as the case may be, to the Party entitled under this Agreement to retain such
payment or required under this Agreement to make such payment, in either case except as otherwise required by applicable law. 
 
4.4    Tax Consequences of Payments. For all Tax purposes and to the extent permitted by applicable Tax Law, and pursuant to Arrowsmith v. Commissioner, 344 U.S. 6 (1952), the parties hereto shall treat
any payment (except as provided in Section 4.3) made pursuant to this Agreement as a capital contribution or a distribution, as the case may be, immediately prior to the Distribution or as payments of an assumed or retained liability. 

4.5    Adjustments to Payments. The amount of any payment made pursuant to
this Agreement shall be adjusted as follows: 
 (a)    If the receipt or accrual of any indemnity amounts for which any
Party hereto (the “Indemnifying Party”) is required to pay another Party (the “Indemnified Party”) under this Agreement causes, directly or indirectly, an increase in the taxable income of the Indemnified Party
under one or more applicable Tax Laws, such payment shall be increased so that, after the payment of any Taxes with respect to the payment, the Indemnified Party shall have realized the same net amount it would have realized had the payment not
resulted in taxable income. For the avoidance of doubt, any liability for Taxes due to an increase in taxable income described in the immediately preceding sentence shall be governed by this Section 4.5(a) and not by Section 2.2. 

(b)    To the extent that Taxes for which the Indemnifying Party is required to pay to the Indemnified Party pursuant to
this Agreement gives rise to a deduction, credit or other Tax Benefit (including as a result of any election set forth in Section 4.6) to the Indemnified Party or any of its Affiliates, the amount of any payment made to the Indemnified Party by
the Indemnifying Party shall be decreased by taking into account any resulting reduction in Taxes actually realized by the Indemnified Party or any of its Affiliates resulting from such Tax Benefit (including as a result of any election set forth in
Section 4.6). If such a reduction in Taxes of the Indemnified Party occurs following the payment made to the Indemnified Party with respect to the relevant indemnified Taxes, the Indemnified Party shall promptly repay the Indemnifying Party the
amount of such reduction when actually realized. If the Tax Benefit arising from the 

  
 15 

 
foregoing reduction of Taxes described in this Section 4.5(b) is subsequently decreased or eliminated, then the Indemnifying Party shall promptly pay the Indemnified Party the amount of the
decrease in such Tax Benefit. This Section 4.5(b) shall not apply to the extent that Section 3.6(b) would also apply to cause recovery of the same amounts to the Indemnifying Party. 

4.6    Section 336(e) Election.  

(a)    Upon request by Parent, Spinco shall join with Parent in making a protective election under section 336(e) of the
Code (and any similar election under state or local law) (collectively, a “Section 336(e) Election”) with respect to the Distribution in accordance with Treasury Regulations section
1.336-2(h) and (j) (and any applicable provisions under state and local law), provided that Spinco shall indemnify Parent for any cost to the Parent Group of making such an election (but it being
understood that any such cost arising from Taxes shall be limited to Excess Taxes). Parent and Spinco shall cooperate in the timely completion and/or filings of such elections and any related filings or procedures (including filing or amending any
Tax Returns to implement an election that becomes effective). 
 (b)    If the Contribution and/or the Distribution
fails to qualify (in whole or in part) for the Tax-Free Status and Spinco or any member of the Spinco Group realizes an increase in Tax basis as a result of the Section 336(e) Election (the
“Section 336(e) Tax Basis”), then the cash Tax savings realized by Spinco and each member of the Spinco Group as a result of the Section 336(e) Tax Basis shall be shared between Parent and Spinco in the same
proportion as the Taxes giving rise to the Section 336(e) Tax Basis were borne by Parent and Spinco (after giving effect to the indemnification obligations in this Agreement). 

4.7    Certain Final Determinations. If an adjustment (a “Tax
Adjustment”) pursuant to a Final Determination in a Tax Contest initiated by a Tax Authority results in a Tax greater than the Tax shown on the relevant Tax Return for any Pre-Distribution Period, the
Indemnified Party shall pay to the Indemnifying Party an amount equal to any Tax Benefit as and when actually realized by such Indemnified Party as a result of such Tax Adjustment. The Parties agree that if an Indemnified Party is required to make a
payment to an Indemnifying Party pursuant to this Section 4.7, the Parties shall negotiate in good faith to set off the amount of such payment against any indemnity payments owed by the Indemnifying Party to the Indemnified Party, taking into
account time value and similar concepts as appropriate. 
 SECTION
5.    Cooperation and Tax Contests. 

5.1    Cooperation. In addition to the obligations enumerated in
Sections 3.4 and 5.4, Parent and Spinco will cooperate (and cause their respective Subsidiaries and Affiliates to cooperate) with each other and with each other’s agents, including accounting firms and legal counsel, in connection with Tax
matters, including provision of relevant documents and information in their possession and making available to each other, as reasonably requested and available, personnel (including officers, directors, employees and agents of the Parties or their
respective Subsidiaries or Affiliates) responsible for preparing, maintaining, and interpreting information and documents relevant to Taxes, and     personnel reasonably required as witnesses or for purposes of providing
information or documents in connection with any administrative or judicial proceedings relating to Taxes. 

  
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 5.2    Notices of Tax
Contests. Each Company shall provide prompt notice to the other Company of any pending or threatened Tax audit, assessment or proceeding or other Tax Contest of which it becomes aware relating to (i) Taxes for which it is or may be
indemnified by such other Company hereunder or (ii) Tax Items that may affect the amount or treatment of Tax Items of such other Company. Such notice shall contain factual information (to the extent known) describing any asserted Tax liability
in reasonable detail and shall be accompanied by copies of any notice and other documents received from any Tax Authority in respect of any such matters; provided, however, that failure to give such notification shall not affect the
indemnification provided hereunder except, and only to the extent that, the indemnifying Company shall have been actually prejudiced as a result of such failure. Thereafter, the indemnified Company shall deliver to the indemnifying Company such
additional information with respect to such Tax Contest in its possession that the indemnifying Company may reasonably request. 
 
5.3    Control of Tax Contests. 
 (a)    Controlling Party. Subject to the
limitations set forth in Section 5.3(b), each Filer (or the appropriate member of its Group) shall, at its own cost and expense, be the Controlling Party with respect to any Tax Contest involving a Tax reported (or that, it is asserted, should
have been reported) on a Tax Return for which such Company is responsible for filing (or causing to be filed) pursuant to Section 3 of this Agreement (it being understood, for the avoidance of doubt but subject to the other provisions of this
Section 5.3(a), that Parent shall be the Controlling Party with respect to any Tax Contest involving Distribution Taxes), in which case any Non-Filer that could have liability under this Agreement for a
Tax to which such Tax Contest relates shall be treated as the “Non-Controlling Party.” Notwithstanding the immediately preceding sentence, if a
Non-Filer (x) acknowledges to the Filer in writing its full liability under this Agreement to indemnify for any Tax, and (y) provides to the Filer evidence (that is satisfactory to the Filer as
determined in the Filer’s reasonable discretion) of the Non-Filer’s financial readiness and capacity to make such indemnity payment, then thereafter with respect to the Tax Contest relating solely to
such Tax the Non-Filer shall be the Controlling Party (subject to Section 5.3(b)) and the Filer shall be treated as the Non-Controlling Party. 

(b)    Non-Controlling Party Participation Rights. With respect to a Tax
Contest of any Tax Return that could result in a Tax liability that is allocated under this Agreement, (i) the Non-Controlling Party shall, at its own cost and expense, be entitled to participate in such
Tax Contest and to provide comments and suggestions to the Controlling Party, such comments and suggestions not to be unreasonably rejected, (ii) the Controlling Party shall keep the Non-Controlling Party
updated and informed, and shall consult with the Non-Controlling Party, (iii) the Controlling Party shall act in good faith with a view to the merits in connection with the Tax Contest, and (iv) the
Controlling Party shall not settle or compromise such Tax Contest without the prior written consent of the Non-Controlling Party (which consent shall not be unreasonably withheld). 

5.4    Cooperation Regarding Tax Contests. The Parties shall provide each
other with all information relating to a Tax Contest which is needed by the other Party or Parties to handle, 

  
 17 

 
participate in, defend, settle or contest the Tax Contest. At the request of any party, the other Parties shall take any action (e.g., executing a power of attorney) that is reasonably
necessary in order for the requesting Party to exercise its rights under this Agreement in respect of a Tax Contest. Spinco shall assist Parent, and Parent shall assist Spinco, in taking any remedial actions that are necessary or desirable to
minimize the effects of any adjustment made by a Tax Authority. The Indemnifying Party or Parties shall reimburse the Indemnified Party or Parties for any reasonable
out-of-pocket costs and expenses incurred in complying with this Section 5.4. 

SECTION 6.    Tax Records. 

6.1    Retention of Tax Records. Each of Parent and Spinco shall preserve,
and shall cause their respective Subsidiaries to preserve, all Tax Records that are in their possession, and that could affect the liability of any member of the other Group for Taxes, for as long as the contents thereof may become material in the
administration of any matter under applicable Tax Law, but in any event until the later of (x) the expiration of any applicable statute of limitations, as extended, and (y) seven years after the Distribution Date. 

6.2    Access to Tax Records. Spinco shall make available, and cause its
Subsidiaries to make available, to members of the Parent Group for inspection and copying the portion of any Tax Record in their possession that relates to a Pre-Distribution Period or Post-Distribution Period
and which is reasonably necessary for the preparation, review, approval or filing of a Tax Return by a member of the Parent Group or any of their Affiliates or with respect to any Tax Contest with respect to such return. Parent shall make available,
and cause its Subsidiaries to make available, to members of the Spinco Group for inspection and copying the portion of any Tax Record in their possession that relates to a Pre-Distribution Period and which is
reasonably necessary for the preparation, review, approval or filing of a Tax Return by a member of the Spinco Group or any of their Affiliates or with respect to any Tax Contest with respect to such return. 

6.3    Confidentiality. Each party hereby agrees that it will hold, and
shall use its reasonable best efforts to cause its officers, directors, employees, accountants, counsel, consultants, advisors and agents to hold, in confidence all records and information prepared and shared by and among the Parties in carrying out
the intent of this Agreement, except as may otherwise be necessary in connection with the filing of Tax Returns or any administrative or judicial proceedings relating to Taxes or unless disclosure is compelled by a governmental authority.
Information and documents of one Party (the “Disclosing Party”) shall not be deemed to be confidential for purposes of this Section 6.3 to the extent that such information or document (i) is previously known to or in the
possession of the other Party or Parties (the “Receiving Party”) and is not otherwise subject to a requirement to be kept confidential, (ii) becomes publicly available by means other than unauthorized disclosure under this
Agreement by the Receiving Party or (iii) is received from a third party without, to the knowledge of the Receiving Party after reasonable diligence, a duty of confidentiality owed to the Disclosing Party. 

SECTION 7.    Representations and Covenants. 

7.1    Covenants of Parent and Spinco. 

  
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 (a)    Parent hereby covenants that, to the fullest extent permissible
under U.S. federal income and state Tax Laws, it will, and will cause the members of the Parent Group to, treat the applicable Transactions in accordance with the Agreed Treatment. Spinco hereby covenants that, to the fullest extent permissible
under U.S. federal income and state Tax Laws, it will, and will cause each Subsidiary of Spinco to, treat the applicable Transactions in accordance with the Agreed Treatment. 

(b)    Parent further covenants that, as of and following the date hereof, Parent shall not and shall cause the members of
the Parent Group not to take any action that (or fail to take any action the omission of which) would be inconsistent with the applicable Transactions qualifying for the Agreed Treatment or that would preclude the applicable Transactions from
qualifying for the Agreed Treatment. 
 (c)    Spinco further covenants that, as of and following the date hereof,
Spinco shall not and shall cause its Subsidiaries not to take any action that (or fail to take any action the omission of which) would be inconsistent with the applicable Transactions qualifying for the Agreed Treatment or that would preclude the
applicable Transactions from qualifying for the Agreed Treatment. 

7.2    Covenants of Spinco. 

(a)    Without limiting the generality of the provisions of Section 7.1, Spinco, on behalf of itself and its
Subsidiaries, agrees and covenants that Spinco and each of its Subsidiaries will not, directly or indirectly, during the Restriction Period, (i) take any action that would result in Spinco’s ceasing to be engaged in the active conduct of
the Spinco Business with the result that Spinco is not engaged in the active conduct of a trade or business within the meaning of section 355(b)(2) of the Code, (ii) redeem or otherwise repurchase (directly or through an Affiliate of
Spinco) any of Spinco’s outstanding stock, other than through stock purchases meeting the requirements of section 4.05(1)(b) of Revenue Procedure 96-30, 1996-1 C.B.
696 (but it being understood, for the avoidance of doubt, that no agreement or covenant under this Section 7.2(a)(ii) is being entered with respect to Compensatory Equity Net Share Settlements), (iii) amend the certificate of incorporation
(or other organizational documents) of Spinco that would convert one class of Spinco’s stock into another class of its stock or affect the relative voting rights of any class of Spinco’s stock, (iv) liquidate or partially liquidate
Spinco, (v) merge Spinco with any other corporation (other than in a transaction that does not affect the relative shareholding of Spinco shareholders), sell or otherwise dispose of (other than in the ordinary course of business) the assets of
Spinco and its Subsidiaries, or take any other action or actions if such merger, sale, other disposition or other action or actions in the aggregate would have the effect that one or more Persons acquire (or have the right to acquire), directly or
indirectly, as part of a plan or series of related transactions, assets representing one-half or more of the asset value of the Spinco Group, or (vi) take any other action or actions that in the aggregate
would have the effect that one or more Persons acquire (or have the right to acquire), directly or indirectly, as part of a plan or series of related transactions, stock of Spinco (including by virtue of the Equity Award Transfer) representing a
Thirty-Five-Percent Equity Interest in Spinco (as determined for purposes of section 355(e) of the Code), other than a Permitted Acquisition. 

  
 19 

 7.3    Covenants of
Parent. 
 (a)    Without limiting the generality of the provisions of Section 7.1, Parent, on behalf of
itself and each member of the Parent Group, agrees and covenants that Parent and each member of the Parent Group will not, directly or indirectly, during the Restriction Period, (i) take any action that would result in Parent’s ceasing to
be engaged in the active conduct of the Parent Business with the result that Parent is not engaged in the active conduct of a trade or business within the meaning of section 355(b)(2) of the Code, (ii) redeem or otherwise repurchase
(directly or through an Affiliate of Parent) any of Parent’s outstanding stock, other than through stock purchases meeting the requirements of section 4.05(1)(b) of Revenue Procedure 96-30, 1996-1 C.B. 696 (but it being understood, for the avoidance of doubt, that no agreement or covenant under this Section 7.3(a)(ii) is being entered with respect to Compensatory Equity Net Share Settlements),
(iii) amend the certificate of incorporation (or other organizational documents) of Parent that would convert one class of Parent’s stock into another class of its stock or affect the relative voting rights of any class of Parent’s
stock, (iv) liquidate or partially liquidate Parent, (v) merge Parent with any other corporation (other than in a transaction that does not affect the relative shareholding of Parent shareholders), sell or otherwise dispose of (other than
in the ordinary course of business) the assets of Parent and its Subsidiaries, or take any other action or actions if such merger, sale, other disposition or other action or actions in the aggregate would have the effect that one or more Persons
acquire (or have the right to acquire), directly or indirectly, as part of a plan or series of related transactions, assets representing one-half or more of the asset value of the Parent Group, or
(vi) take any other action or actions that in the aggregate would have the effect that one or more Persons acquire (or have the right to acquire), directly or indirectly, as part of a plan or series of related transactions, stock of Parent
representing a Thirty-Five-Percent Equity Interest in Parent (as determined for purposes of section 355(e) of the Code). 

(b)    Nothing in this Section 7 shall be construed to give Spinco or any Affiliates of Spinco any right to remedies
other than indemnification for any increase in the actual Tax liability (and/or decrease in Tax Benefit) of Spinco or any Affiliate of Spinco that results from Parent Group’s failure to comply with the covenants and representations in this
Section 7. 
 7.4    Exceptions. 

(a)    Exceptions with Respect to Spinco. 

(i)    Notwithstanding Section 7.2 above, Spinco or any of its Subsidiaries may take a Spinco
Restricted Action if Parent consents in writing to such Spinco Restricted Action, or if Spinco provides Parent with Satisfactory Guidance concluding that such Spinco Restricted Action will not alter the
Tax-Free Status of the Distribution in respect of Parent and Parent’s shareholders. 

(ii)    Spinco and each of its Subsidiaries agree that Parent and each Parent Affiliate are to have no
liability for any Tax resulting from any Spinco Restricted Actions permitted pursuant to this Section 7.4(a) and, subject to Section 2.2, agree to indemnify and hold harmless each Parent Indemnified Party

  
 20 

 
against any such Tax. Spinco shall bear all costs incurred by it, and all reasonable costs incurred by Parent, in connection with requesting and/or obtaining any Satisfactory Guidance. 

(b)    Exceptions with Respect to Parent. 

(i)    Notwithstanding Section 7.3 above, Parent or any of its Subsidiaries may take a Parent
Restricted Action if Spinco consents in writing to such Parent Restricted Action, or if Parent provides Spinco with Satisfactory Guidance concluding that such Parent Restricted Action will not alter the
Tax-Free Status of the Distribution in respect of Spinco and Spinco’s shareholders. 

(ii)    Parent and each of its Subsidiaries agree that Spinco and each Spinco Affiliate are to have no
liability for any Tax resulting from any Parent Restricted Actions permitted pursuant to this Section 7.4(b) and, subject to Section 2.2, agree to indemnify and hold harmless each Spinco Indemnified Party against any such Tax. Parent shall
bear all costs incurred by it, and all reasonable costs incurred by Spinco, in connection with requesting and/or obtaining any Satisfactory Guidance. 

7.5    Injunctive Relief. For the avoidance of doubt, Parent shall have the
right to seek injunctive relief to prevent Spinco or any of its Subsidiaries from taking any action that is not consistent with the covenants of Spinco or any of its Subsidiaries under Section 7.1 or 7.2. 

7.6    Further Assurances. For the avoidance of doubt, (i) neither Parent nor
a member of the Parent Group shall take any action on the Distribution Date that would result in an increase of the actual Tax liability (and/or decrease of any Tax Benefit) of Spinco or any of its Subsidiaries, other than in the ordinary course of
business, except for actions undertaken in connection with the Distribution, which actions are described in the Tax Opinion or the Tax Opinion Representations, and (ii) neither Spinco nor any of its Subsidiaries shall take any action on the
Distribution Date that would result in an increase of the actual Tax liability (and/or decrease of any Tax Benefit) of Parent or a member of the Parent Group, other than in the ordinary course of business, except for actions undertaken in connection
with the Distribution, which actions are described in the Tax Opinion or the Tax Opinion Representations. 

SECTION 8.    General Provisions. 

8.1    General Provisions. Without limiting any provision of this Agreement, the
provisions of Article IX of the Distribution Agreement, except for Sections 9.12 (Payment Terms), 9.15 (Third-Party Beneficiaries), and 9.20 (Specific Performance) thereof, shall apply to this Agreement, mutatis mutandis.

 8.2    Third-Party Beneficiaries. Except with respect to Parent
Indemnified Parties and Spinco Indemnified Parties, and in each case, only where and as indicated herein, this Agreement is solely for the benefit of the Parties and their respective Subsidiaries and Affiliates and should not be deemed to confer
upon any other Person any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. Notwithstanding anything in this Agreement to the contrary, this Agreement is not
intended to 

  
 21 

 
confer upon any Spinco Indemnified Parties any rights or remedies against Spinco hereunder, and this Agreement is not intended to confer upon any Parent Indemnified Parties any rights or remedies
against Parent hereunder. 
 [Signature page follows] 

  
 22 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by the respective
officers as of the date set forth above. 
  

			
	Vector Group Ltd.
		
	By:    	 	      

		 	Name:
		 	Title:
	
	Douglas Elliman Inc.
		
	By:	 	      

		 	Name:
		 	Title:

 [Signature page to Tax Disaffiliation Agreement]

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