Document:

Exhibit 10.12

 Exhibit 10.12 

ASP MD HOLDINGS, INC. 

STOCK OPTION PLAN 
  

	1.	Purposes. 

 The Stock Option Plan (the “Plan”) of ASP MD
Holdings, Inc. (the “Company”), adopted by the Board of Directors of the Company (the “Board”) on November 1, 2012 is intended to further the growth, development and financial success of the
Company by providing incentives to those officers, key employees and key non-employees of the Company and its subsidiaries who have the capacity to contribute in substantial measure toward the growth and profitability of the Company and to assist
the Company in attracting and retaining employees and directors with ability to make such contributions. 
  

	2.	Definitions. 

 As used in this Plan, the following terms have the meanings set
forth below: 
 “Affiliate,” when used with reference to any Person, shall mean any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person specified. “Affiliates” of the AS Persons shall not include entities conducting an active trade or
business or their parent entities. 
 “AS Persons” shall mean (i) ASP MD Investco LP (“ASP
Investco”) and/or (ii) any other general or limited partnership, corporation or limited liability company having as a general partner, controlling equity holder or managing member (whether directly or indirectly) a Person who is a
member of American Securities LLC or an Affiliate of any such Person. 
 “Cause” shall mean that: 

(i) the Optionee has committed a deliberate and premeditated act against the interests of the Company including, without limitation: an act of
fraud, embezzlement, misappropriation or breach of fiduciary duty against the Company, including, but not limited to, the offer, payment, solicitation or acceptance of any unlawful bribe or kickback with respect to the Company’s business; or

 (ii) the Optionee has been convicted by a court of competent jurisdiction of, or pleaded guilty or nolo contendere to, any felony or any
crime involving moral turpitude; or 
 (iii) the Optionee has failed to perform or neglected the material duties incident to his employment
or other engagement with the Company on a regular basis, and such refusal or failure shall have continued for a period of twenty (20) days after written notice to the Optionee specifying such refusal or failure in reasonable detail; or 

(iv) the Optionee has been chronically absent from work (excluding vacations, illnesses, Disability or leaves of absence approved by the
Board); or 

 (v) the Optionee has refused, after explicit written notice, to obey any lawful resolution of or
direction by the Board which is consistent with the duties incident to his employment or other engagement with the Company and such refusal continues for more than twenty (20) days after written notice is given to the Optionee specifying such
refusal in reasonable detail; or 
 (vi) the Optionee has breached any of the material terms contained in any employment agreement,
non-competition agreement, confidentiality agreement or similar type of agreement to which such Optionee is a party; or 
 (vii) the Optionee
has engaged in (x) the unlawful use (including being under the influence) or possession of illegal drugs on the Company’s premises or (y) habitual drunkenness on the Company’s premises. 

Any voluntary termination of employment or other engagement by the Optionee in anticipation of an involuntary termination of the
Optionee’s employment for Cause shall be deemed to be a termination for “Cause.” Notwithstanding the foregoing, in the event that an Optionee is party to an employment, severance or similar agreement with the Company or any of its
Affiliates and such agreement contains a definition of “Cause,” the definition of “Cause” set forth above shall be deemed replaced and superseded, with respect to such Optionee, by the definition of “Cause” used in such
employment, severance or similar agreement. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Code Section 409A” shall mean Section 409A of the Code and the regulations and guidance promulgated
thereunder, as may be amended or revised from time to time. 
 “Committee” shall mean the Compensation Committee of
the Board or, if no Committee has been appointed, the Board (acting by a majority). 
 “Common Stock” shall mean the
shares of common stock, par value $.001 per share, of the Company. 
 “Disability” shall mean a physical or mental
disability to the extent that an employee cannot perform his or her duties as an employee (in his or her then-current position) of the Company or any subsidiary of the Company for a period of 90 consecutive days. 

“Eligible Participant” shall mean any Employee and Key Non-Employee. 

“Employee” shall mean any employee (including any officer) of the Company or any subsidiary or Affiliate thereof. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Fair Market Value” of a share of Common Stock on any date shall mean, (i) if the Common Stock is listed on a
national stock exchange, the officially quoted closing price on such stock exchange, (ii) if the Common Stock is listed on the NASDAQ National Market, the officially quoted closing price on NASDAQ, (iii) if the Common Stock is listed on
NASDAQ 

  
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but not on the National Market, the average of the closing bid and asked prices reported by NASDAQ, in each case on the date as of which the value is to be determined (or if such date is not a
trading day, as of the preceding trading day), or (iv) if the Common Stock is not listed on either a national stock exchange or NASDAQ, the fair market value as determined by the Board in its sole discretion and in good faith. Notwithstanding
the foregoing, the Fair Market Value of a share of Common Stock shall at all times be determined in a manner intended to be consistent with Code Section 409A. 

“Incentive Stock Option” shall mean an Option intended to meet the requirements of Section 422 of the Code. 

“IPO” shall mean any issuance or sale of Shares in a public offering pursuant to an effective
registration statement filed by the Company pursuant to the Securities Act, at the conclusion of which net proceeds to the Company from such public offering and previous public offerings are equal to or exceed $100,000,000 and at the time of which
offering such Shares are or become listed on a national securities exchange or quoted in an over-the-counter market. 
 “Key
Non-Employee” shall mean a non-employee director, consultant, or independent contractor of the Company or of an Affiliate who is designated by the Board or the Committee as being eligible to be granted one or more Options under the
Plan. For purposes of this Plan, a non-employee director shall be deemed to include the employer or other designee of such non-employee director, if the non-employee director is required, as a condition of his or her employment, to provide that any
Option granted hereunder be made to the employer or other designee. 
 “Nonqualified Stock Option” shall mean any
Option which is not an Incentive Stock Option. 
 “Option” shall have the meaning set forth in Section 3
hereof. 
 “Option Agreement” shall mean an agreement to be entered into between the Company and an Optionee, which
Agreement shall set forth the terms and conditions of the Options granted to such Optionee. 
 “Optionee” shall mean
an Eligible Participant to whom an Option has been granted. 
 “Person” shall mean any individual, limited liability
company, partnership, corporation, group, trust or other legal entity. 
 “Plan” shall mean this Stock Option Plan
of the Company, as amended from time to time. 
 “Securities Act” shall mean the Securities Act of 1933, as amended.

 “Share” shall mean a share of the Company’s Common Stock. 

  
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 “Stockholders’ Agreement” shall mean the Company’s
Stockholders’ Agreement, among the Company, ASP Investco, and the other parties thereto, dated as of December 18, 2012, as it may be amended, supplemented, restated or otherwise modified from time to time. 

“Ten Percent Shareholder” shall mean any Optionee who owns Shares possessing more than 10% of the total combined
voting power of the Company or any parent or subsidiary corporation within the meaning of Section 424 of the Code. 

“Transaction” shall mean (i) the sale of all, or substantially all, of the Company’s consolidated assets,
including, without limitation, a sale of all or substantially all of the assets of the Company or any of its subsidiaries whose assets constitute all or substantially all of the Company’s consolidated assets (or the sale of a majority of the
outstanding shares of voting capital stock of any subsidiary or subsidiaries whose consolidated assets so constitute), in any single transaction or series of related transactions; (ii) the sale of Shares by the AS Persons, which results in the
AS Persons and their Affiliates not having the power to elect or appoint a majority of the members of the Board; or (iii) any merger or consolidation of the Company with or into another corporation or entity unless, after giving effect to such
merger or consolidation, the holders of the Company’s voting securities (on a fully-diluted basis immediately prior to the merger or consolidation), own voting securities (on a fully-diluted basis immediately after the merger or consolidation)
of the surviving or resulting corporation or entity representing a majority of the outstanding voting power to elect directors of the surviving or resulting corporation or entity in the same proportions that they held their shares prior to such
merger. 
  

	3.	Participation. 

 Any Eligible Participant who is granted an option (an
“Option”) to purchase Shares hereunder shall be a participant in the Plan. 
  

	4.	Terms of Options. 

  

	 	4.1	Terms of Options. 

 (a) Type of Option. The Committee shall have the right
to grant either or both of Incentive Stock Options and Nonqualified Stock Options, provided, however, that (i) no Eligible Participant will be granted Incentive Stock Options which, when first exercisable during any calendar year (combined with
all other incentive stock option plans of the Company) will permit such Eligible Participant to purchase Shares that have an aggregate Fair Market Value of more than $100,000 (determined as of the date the Option is granted); any Option granted in
excess of such amount shall automatically be deemed to be a Nonqualified Stock Option; and (ii) Key Non-Employees may only be granted Nonqualified Stock Options. 

(b) Exercise Price. The exercise price for the Shares subject to an Option, or the manner in which such exercise price is to be
determined, shall be determined by the Committee, provided that the exercise price per Share of any Option shall be no less than the Fair Market Value of a Share on the date of grant, unless otherwise agreed to by the Committee and in compliance
with Code Section 409A, and provided further that the exercise price per Share of any Incentive Stock Option granted to a Ten Percent Shareholder shall be no less than 110% of the Fair Market Value of a Share on such grant date. 

  
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 (c) Term. Options shall be for such term as the Committee shall determine, provided that
no Option that is an Incentive Stock Option shall be exercisable after the expiration of ten years from the date it is granted, and further provided that any Incentive Stock Option granted to a Ten Percent Shareholder shall have a term of no more
than five years from the date of grant. 
 (d) Vesting. Options shall be exercisable in such installments (which need not be equal)
and at such times as the Committee may determine in its sole discretion, and, as set forth in an Option Agreement. The vesting schedule may provide that Options will become exercisable over a period of years or become exercisable only if performance
or other goals set by the Board are attained for Options, or a combination of both. To the extent not exercised, Options that vest in installments shall accumulate and may be exercised, in whole or in part, at any time after becoming exercisable,
but not later than the date the Option expires. The Committee may accelerate the exercisability of an Option at any time, provided that the Committee may condition such acceleration of exercisability upon the Company’s attainment of goals set
forth in an Option Agreement. 
 (e) Exercise of Option After Termination of Employment or Service. Subject to the terms of any
written employment agreement or as reflected in an Option Agreement, an Option granted under the Plan may be exercised by an Optionee only while he is an Employee or a Key Non-Employee, provided that any Options that are exercisable preceding an
Optionee’s (i) termination of employment as an Employee for any reason other than Cause or (ii) termination of service as a Key Non-Employee for any reason other than Cause, may remain exercisable for any period set by the Committee
in the Option Agreement, and, further provided that if an Optionee dies while an Employee or a Key Non-Employee, or if his employment terminates as an Employee or his service terminates as a Key Non-Employee because of a Disability, the Optionee (or
his beneficiary or personal representative, as applicable) may exercise the Option for the shorter of (x) six (6) months after such termination due to death or Disability and (y) the remaining term of the Option Agreement. 

 

	 	4.2	Nontransferability. 

 Unless otherwise permitted by the Code, by Rule 16b-3 of the
Exchange Act and by the exception set forth under Section 12(g) of the Exchange Act (Release No. 34-56887), if applicable, and approved in advance by the Committee, no Option granted hereunder shall be transferable by an Optionee otherwise
than by will or the laws of descent and distribution, and an Option may be exercised during the lifetime of such Optionee only by the Optionee or his guardian or legal representative; provided, however that an Optionee may designate a beneficiary to
exercise his Option or other rights under the Plan after his death and, in the discretion of the Committee, Options may be transferable pursuant to a Qualified Domestic Relations Order (“QDRO”), as determined by the Committee
or its designee. Except as otherwise permitted herein, such Options shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attainment or similar process. 

  
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	 	4.3	Method of Exercise. 

 An Option shall be exercised by delivery of a written notice
(in person or by first class mail to the Secretary of the Company at the Company’s principal executive office) which specifies the number of Shares to be purchased, specifies the date the Shares will be purchased, and is otherwise in accordance
with the Option Agreement pursuant to which the Option was granted. The purchase price for any Shares purchased pursuant to the exercise of an Option shall be paid in full upon such exercise (a) in cash, by check or, at the discretion of the
Board, upon such other terms and conditions as the Board shall approve, (b) by transferring previously owned Shares to the Company, (c) by having Shares otherwise deliverable upon such exercise withheld or (d) following an IPO or in
the sole discretion of the Committee, pursuant to a “cashless exercise” procedure (provided, with respect to any exercise under (b), (c) or (d), that the Committee expressly approves such form of exercise in advance).Any Shares
transferred to the Company as payment of the exercise price under an Option shall be valued at their Fair Market Value on the exercise date. If requested by the Committee, an Optionee shall deliver the Option Agreement evidencing the Option to the
Secretary of the Company who shall endorse thereon a notation of such exercise and return such Option Agreement to the Optionee. Not less than one hundred (100) Shares may be purchased at any time upon the exercise of an Option unless the
number of Shares so purchased constitutes the total number of Shares then purchasable under an Optionee’s Option or the Committee determines otherwise, in its sole discretion. No Shares shall be issued until the Optionee who has exercised an
Option executes the Stockholders’ Agreement. 
  

	5.	Administration. 

  

	 	5.1	Composition of the Committee. 

 The Plan shall be administered by the Committee,
which shall consist of at least two members of the Board appointed by and serving at the pleasure of the Board; provided that if for any reason the Committee shall not have been appointed by the Board, all authority and duties of the Committee under
the Plan shall be vested in and exercised by the Board. If the Company becomes a “publicly held corporation” (as defined under Section 162(m) of the Code), each Committee member must qualify as an “outside director” as such
term is used in Section 162(m) of the Code, unless the Board determines otherwise, in its sole discretion. Appointment of Committee members shall be effective upon such member’s acceptance of appointment. Committee members may resign at
any time by providing thirty (30) days’ advance written notice to the Board and may be removed by the Board at any time for any reason. Vacancies in the Committee shall be filled by the Board. 

 

	 	5.2	Duties and Powers of Committee. 

 Subject to the provisions hereof, the Committee
shall have the sole and complete authority to determine which Eligible Participants shall be granted Options, the number of Shares to be covered by each Option, the exercise price therefor and the terms and conditions applicable to the exercise of
the Option. 
 It shall be the duty of the Committee to conduct the general administration of the Plan in accordance with its terms and
provisions. The Committee shall have the power to interpret the Plan and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions
taken and all interpretations and determinations made by the Committee shall be binding upon all persons, including, but not limited to, the Company, stockholders, all subsidiaries, Employees, Key Non-Employees, Optionees and beneficiaries. 

  
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	 	5.3	Committee Actions. 

 The Committee shall act by a majority of its members in
office in attendance at a meeting at which a quorum is present or by a memorandum or other written instrument signed by all of the members of the Committee. 
  

	 	5.4	Compensation; Professional Assistance. 

 Members of the Committee shall receive
such compensation for their services as members as may be determined by the Board. All expenses and liabilities incurred by members of the Committee in connection with the administration of the Plan shall be borne by the Company. The Committee may,
with the approval of the Board, employ attorneys, consultants, accountants, appraisers, or other persons. The Committee, the Company and its officers and directors shall be entitled to rely upon the advice, opinions or valuations of any such
persons. 
  

	 	5.5	Delegation of Authority. 

 The Committee may, in its sole and absolute discretion,
delegate to any proper officer of the Company, or more than one of them, any or all of the administrative duties of the Committee under this Plan. 
  

	 	5.6	No Liability. 

 No member of the Board or the Committee, or director, officer or
other Employee of the Company shall be liable, responsible or accountable in damages or otherwise for any determination made or other action taken or any failure to act by such person with respect to the Plan so long as such person is not determined
to be guilty by a final adjudication of gross negligence or willful misconduct with respect to such determination, action or failure to act. 
  

	 	5.7	Indemnification. 

 To the fullest extent permitted by law, each member of the
Board and the Committee and each director or officer of the Company shall be held harmless and be indemnified by the Company for any liability, loss (including amounts paid in settlement), damages or expenses (including reasonable attorneys’
fees) suffered by virtue of any determinations, acts or failures to act, or alleged acts or failures to act, in connection with the administration of the Plan so long as such person is not determined by a final adjudication to be guilty of willful
misconduct with respect to such determination, action or failure to act. 

  
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	6.	Shares Subject to the Plan. 

  

	 	6.1	Shares Subject to the Plan. 

 The maximum number of Shares that may be issued upon
the exercise of Options granted under the Plan is 3,000,000, subject to adjustment as provided in Section 6.2 hereof. If the Company becomes a “publicly held corporation”, as such term is defined under Section 162(m) of the Code,
the aggregate number of Shares as to which Options may be granted in any one calendar year to any one Optionee shall not exceed 100,000. The maximum number of Shares available for granting Incentive Stock Options under the Plan shall be equal to the
maximum number of Shares issuable under the Plan, subject to adjustments provided in Section 6.2 hereof and subject to the provisions of Sections 422 and 424 of the Code or any successor provisions. The Company shall make available for issuance
such number of Shares for the purposes of the Plan, out of its authorized but unissued Shares or out of Shares held in the Company’s treasury, or partly out of each. In the event that an Option expires or is terminated, unexercised, canceled or
forfeited for any reason under the Plan, as to any Shares covered thereby, without the delivery of Shares, such Shares shall thereafter be again available for award pursuant to the Plan. 

 

	 	6.2	Effect of Changes in Company’s Shares. 

 In the event that the Committee
determines that any stock dividend, stock split, reverse stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares, warrants or rights offering to purchase
Shares at a price substantially below fair market value, or other similar corporate event affects the Shares such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan,
the Board shall, in its sole discretion, and in such manner as the Board may deem equitable, adjust the number of Shares that may be issued under the Plan and any or all of (a) the number and kind of Shares subject to the Plan and outstanding
Options, and (b) the exercise price with respect to any outstanding Option and/or, if deemed appropriate, make provision for a cash payment to an Optionee, provided, however, that the number of Shares subject to any Option shall always be a
whole number; and further provided, however, that any adjustment pursuant to this Section 6.2 shall comply with Code Section 409A to the extent applicable. Notwithstanding the foregoing, in the event of a stock dividend, stock split or
reverse stock split, without a determination by the Committee or action by the Board (a) the number of Shares subject to the Plan and to outstanding Options, and (b) the exercise price with respect to any outstanding Option automatically
shall be deemed proportionately adjusted to reflect such stock dividend or split. 
  

	 	6.3	Effect of a Transaction. 

 In the event of a Transaction, the Company may, in its
sole discretion and without the consent of the Participants, provide for one or more of the following: (i) the assumption of the Plan and the outstanding Options by the surviving entity or its parent; (ii) the substitution by the surviving
entity or its parent of options with substantially the same terms for such outstanding Options; and (iii) settlement of the intrinsic value of the outstanding vested Options in cash or cash equivalents or equity followed by the cancellation of
all such Options (whether or 

  
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 not then vested or exercisable). For purposes hereof, “intrinsic value” of an Option shall equal the
Fair Market Value of a Share on the date of the consummation of the Transaction as determined by the Board in its sole discretion in good faith, reduced by the exercise price of such Option. 

 

	7.	Miscellaneous. 

  

	 	7.1	Effective Date; Term of Plan. 

 The Plan shall be effective as of
December 18, 2012 (the “Effective Date”). Subject to the earlier termination pursuant to Section 7.2, the Plan shall continue in effect for ten years. 

 

	 	7.2	Amendment, Suspension or Termination of the Plan. 

 The Plan may be wholly or
partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board. Neither the amendment, suspension nor termination of the Plan shall, without the consent of an Optionee, alter or impair any rights or
obligations under any Option theretofore granted. No Options may be granted during any period of suspension nor after termination of the Plan, and in no event may any Options be granted under the Plan after the tenth anniversary of the Effective
Date. 
  

	 	7.3	Amendment of Option. 

 Subject to the terms hereof, the Committee may amend,
modify or terminate any outstanding Option only with the Optionee’s consent in any manner not inconsistent with the terms of the Plan, including without limitation, (a) to change the date or dates as of which an Option becomes exercisable,
or (b) to cancel and reissue an Option under such different terms and conditions as it determines appropriate. 
  

	 	7.4	No Rights as Stockholder. 

 No Optionee shall be deemed to be or to have the
rights and privileges of an owner of Shares subject to an Option unless and until certificates representing such Shares have been issued to such Optionee. 
  

	 	7.5	Effect of Plan Upon Other Compensation and Incentive Plans. 

 The adoption of the
Plan shall not affect any other compensation or incentive plans in effect for the Company or any Affiliate. Nothing in the Plan shall be construed to limit the right of the Company or any Affiliate to establish any other forms of incentives or
compensation for Employees or Key Non-Employees. 
  

	 	7.6	Regulations and Other Approvals. 

 (a) The obligation of the Company to sell or
deliver Shares with respect to Options shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed
necessary or appropriate by the Committee. 

  
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 (b) The Board may make such changes to the Plan or Options as may be necessary or appropriate to
comply with the rules and regulations of any government authority. 
 (c) Each Option is subject to the requirement that, if at any time the
Committee determines, in its sole discretion, that the listing, registration or qualification of Shares issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any
governmental regulatory body is necessary or desirable as a condition of, or in connection with, the grant of an Option or the issuance of Shares, no Options shall be granted or Shares issued, in whole or in part, unless listing, registration,
qualification, consent or approval has been effected or obtained free of any conditions as acceptable to the Committee. 
 (d) In the event
that the disposition of Shares acquired pursuant to the Plan is not covered by a then current registration statement under the Securities Act, and is not otherwise exempt from such registration, such Shares shall be restricted against transfer to
the extent required by the Securities Act or regulations thereunder, and the Committee may require any individual receiving Shares pursuant to the Plan, as a condition precedent to receipt of such Shares, to represent to the Company in writing that
the Shares acquired by such individual are acquired for investment only and not with a view to distribution. The certificate for any Shares acquired pursuant to the Plan shall include any legend that the Committee deems appropriate to reflect any
restrictions on transfer. 
  

	 	7.7	Governing Law. 

 The Plan and the rights of all persons claiming hereunder shall
be construed and determined in accordance with the laws of the State of Delaware without giving effect to the choice of law principles thereof. 
  

	 	7.8	Withholding of Taxes. 

 As a condition to the exercise of an Option and the
continued holding of Shares received upon exercise of an Option, the Optionee shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, or local taxes of any kind required by law or the
Company to be withheld with respect to such amount. The obligations of the Company under the Plan shall be conditional on such payment or arrangements and the Company and its subsidiaries shall, to the extent permitted by law and exempt from Code
Section 409A, have the right to deduct any such taxes from any payment of any kind otherwise due to the Optionee. In its discretion, the Committee may permit an Optionee to satisfy withholding obligations by delivering previously owned Shares
or by electing to have Shares otherwise deliverable upon exercise of the Option withheld. 

  
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	 	7.9	No Right to Continued Employment or Service. 

 Nothing in the Plan or in any award
agreement shall confer upon any Employee or Key Non-Employee any right to continue in the employ or service of the Company or any subsidiary or shall interfere with or restrict in any way the rights of the Company and its subsidiaries, which are
hereby expressly reserved, to remove, terminate or discharge, as applicable, any Employee or Key Non-Employee at any time for any reason whatsoever, with or without Cause. 
  

	 	7.10	Titles; Construction. 

 Titles are provided herein for convenience only and are
not to serve as a basis for interpretation or construction of the Plan. The masculine pronoun shall include the feminine and neuter and the singular shall include the plural, when the context so indicates. 

 

	 	7.11	Savings Clause. 

 This Plan is intended to comply in all respects with applicable
law and regulations, including, (i) with respect to those Optionees who are officers or directors for purposes of Section 16 of the Exchange Act, Rule 16b-3 of the Securities and Exchange Commission, if applicable,
(ii) Section 402 of the Sarbanes-Oxley Act, (iii) Code Section 409A (unless otherwise exempt from the application of Code Section 409A), and (iv) with respect to executive officers, Code Section 162(m). In case any
one or more provisions of this Plan shall be held invalid, illegal, or unenforceable in any respect under applicable law and regulation (including Rule 16b-3 and Code Section 162(m) and Code Section 409A), the validity, legality, and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal, or unenforceable provision shall be deemed null and void; however, to the extent permitted by law, any provision that could be
deemed null and void shall first be construed, interpreted, or revised retroactively to permit this Plan to be construed in compliance with all applicable law (including Rule 16b-3 and Code Section 162(m) and Code Section 409A) so as to
foster the intent of this Plan. Notwithstanding anything herein to the contrary, with respect to Optionees who are officers and directors for purposes of Section 16 of the Exchange Act, no grant of an Option to purchase Shares shall permit
unrestricted ownership of Shares by the Optionee for at least six (6) months from the date of the grant of such Option, unless the Board determines that the grant of such Option to purchase Shares otherwise satisfies the then current Rule 16b-3
requirements. 
  

	 	7.12	Required Financial and Other Information. 

 To the extent the Committee determines
that there are five hundred (500) or more Optionees in this Plan and all similar plans, and that it desires to comply with the exemption set forth under Section 12(g) of the Exchange Act (Release No. 34-56887), the Committee shall
provide each participant every six (6) months with the risk and financial information so required thereunder, and in the manner so required, in order to comply with such exemption. 

 

	 	7.13	Foreign Jurisdictions. 

 The Committee may grant Options to Eligible Participants
who are subject to the tax laws of nations other than the United States, which Options may have terms and conditions as determined by the Committee that are necessary to comply with applicable foreign laws. The Committee may take any action which it
deems advisable to obtain approval of the issuance of such Options and the Shares acquired upon exercise of the Options by the appropriate foreign governmental entity; provided, however, that no such Options may be granted pursuant to this

  
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Section 7.13 and no action may be taken which would result in a violation of applicable law, including the securities laws of the United States and of any State. The Committee may establish
sub-plans or procedures under the Plan to recognize differences in laws, rules, regulations or customs of such foreign jurisdictions with respect to tax, securities, currency, employee benefit or other matters. 

* * * * * * 

  
 12Exhibit 10.13

 Exhibit 10.13 

ASP GREDE INTERMEDIATE HOLDINGS LLC 

2014 UNIT OPTION PLAN 
  

	1.	Purposes. 

 The 2014 Unit Option Plan (the “Plan”) of ASP
Grede Intermediate Holdings LLC (the “Company”), adopted by the Board of Managers of the Company (the “Board”) on July 24, 2014 is intended to further the growth, development and financial success
of the Company by providing incentives to those officers, key employees and key non-employees of the Company and its subsidiaries who have the capacity to contribute in substantial measure toward the growth and profitability of the Company and to
assist the Company in attracting and retaining employees and directors with ability to make such contributions. 
  

	2.	Definitions. 

 As used in this Plan, the following terms have the meanings set
forth below: 
 “Affiliate,” when used with reference to any Person, shall mean any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person specified. “Affiliates” of the AS Persons shall not include entities conducting an active trade or
business or their parent entities. 
 “AS Person(s)” shall mean, any of the following individually, or such Persons
collectively, as the context requires: (i) ASP Grede Investco LP, (ii) ASP Grede Holdings LLC, (iii) American Securities Partners VI, L.P., (iv) American Securities Partners VI(B), L.P., (v) American Securities Partners
VI(C), L.P., (vi) American Securities Partners VI(D), L.P., (vii) any general or limited partnership, corporation or limited liability company having as a general partner, controlling equity holder or managing member (whether directly or
indirectly) a Person who is a member of American Securities LLC or an Affiliate of any such Person and (viii) any successor of any of the foregoing. 

“Cause” shall mean that: 

(i) the Optionee has committed a deliberate and premeditated act against the interests of the Company, including, without limitation, an act of
fraud, embezzlement, misappropriation or breach of fiduciary duty against the Company, including, but not limited to, the offer, payment, solicitation or acceptance of any unlawful bribe or kickback with respect to the Company’s business; or

 (ii) the Optionee has been convicted by a court of competent jurisdiction of, or pleaded guilty or nolo contendere to, any felony or
any crime involving moral turpitude; or 
 (iii) the Optionee has failed to perform or neglected the material duties incident to his or
her employment or other engagement with the Company on a regular basis, and such refusal or failure shall have continued for a period of twenty (20) days after written notice to the Optionee specifying such refusal or failure in reasonable
detail; or 

 (iv) the Optionee has been chronically absent from work (excluding vacations, illnesses,
Disability or leaves of absence approved by the Board); or 
 (v) the Optionee has refused, after explicit written notice, to obey any
lawful resolution of or direction by the Board which is consistent with the duties incident to his or her employment or other engagement with the Company and such refusal continues for more than twenty (20) days after written notice is given to
such Optionee; or 
 (vi) the Optionee has materially breached any of the terms contained in any employment agreement, non-competition
agreement, confidentiality agreement or similar type of agreement to which such Optionee is a party; or 
 (vii) the Optionee has
engaged in (x) the unlawful use (including being under the influence) or possession of illegal drugs on the Company’s premises or (y) habitual drunkenness. 

Any voluntary termination of employment or other engagement by an Optionee in anticipation of an involuntary termination of such
Optionee’s employment for Cause shall be deemed to be a termination for “Cause.” In the event that an Optionee is party to an employment, severance or similar agreement, or non-competition or similar type of agreement, with the
Company or any of its Affiliates and such agreement contains a definition of “Cause”, the definition of “Cause” set forth above shall be deemed replaced and superseded, with respect to such Optionee, by the definition of
“Cause” used in such agreement. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Code Section 409A” shall mean Section 409A of the Code and the regulations and guidance promulgated
thereunder, as may be amended or revised from time to time. 
 “Committee” shall mean the Compensation Committee of
the Board or, if no Committee has been appointed, the Board (acting by a majority). 
 “Disability” shall mean a
physical or mental disability to the extent that an employee cannot perform his or her duties as an employee (in his or her then-current position) of the Company or any subsidiary of the Company for a period of ninety (90) consecutive days. In
the event that an employee is party to an employment, severance or similar agreement, or non-competition or similar type of agreement, with the Company or any of its Affiliates and such agreement contains a definition of “Disability”, the
definition of “Disability” set forth above shall be deemed replaced and superseded, with respect to such Optionee, by the definition of “Disability” used in such agreement. 

“Eligible Participant” shall mean any Employee and Key Non-Employee. 

“Employee” shall mean any employee (including any officer) of the Company or any subsidiary or Affiliate thereof. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

  
 2 

 “Fair Market Value” of equity securities of the Company (or a successor
entity thereto) on any date shall mean, (i) if the equity securities are listed on a national stock exchange, the officially quoted closing price on such stock exchange, (ii) if the equity securities are listed on the NASDAQ National
Market, the officially quoted closing price on NASDAQ, (iii) if the equity securities are listed on NASDAQ but not on the National Market, the average of the closing bid and asked prices reported by NASDAQ, in each case on the date as of which
the value is to be determined (or if such date is not a trading day, as of the preceding trading day), or (iv) if the equity securities are not listed on either a national stock exchange or NASDAQ, the fair market value as determined by the
Board in its sole discretion, subject only to the requirement that the Board shall have made such determination in good faith. Notwithstanding the foregoing, the Fair Market Value of a Unit shall at all times be determined in a manner intended to be
consistent with Code Section 409A. 
 “IPO” shall mean the completion of a Public Offering of
equity securities of the Company (or of a successor entity thereto) at the conclusion of which the aggregate value of equity securities of the Company (or of a successor entity thereto) that have been sold to the public pursuant to such Public
Offering or previous Public Offerings is equal to or exceeds $100 million and at the time of which Public Offering equity securities of the Company (or of a successor entity thereto) are or become listed on a national securities exchange or on the
NASDAQ Stock Market or NASDAQ National Market. 
 “Key Non-Employee” shall mean a non-employee director, consultant,
or independent contractor of the Company, a subsidiary of the Company or an Affiliate of the Company who is designated by the Board or the Committee as being eligible to be granted one or more Options under the Plan. For purposes of this Plan, a
non-employee director shall be deemed to include the employer or other designee of such non-employee director, if the non-employee director is required, as a condition of his or her employment, to provide that any Option granted hereunder be made to
the employer or other designee. 
 “LLC Agreement” shall mean the Amended and Restated Limited Liability Company
Agreement of the Company, dated as of July 24, 2014, as amended, restated, supplemented or otherwise modified from time to time. 

“Member” shall have the meaning ascribed to such term in the LLC Agreement. 

“Option” shall have the meaning set forth in Section 3 hereof. 

“Option Agreement” shall mean an agreement to be entered into between the Company and an Optionee, which agreement
shall set forth the terms and conditions of the Options granted to such Optionee. 
 “Optionee” shall mean an
Eligible Participant to whom an Option has been granted. 
 “Person” shall mean any individual, limited liability
company, partnership, corporation, group, trust or other legal entity. 

  
 3 

 “Plan” shall mean this 2014 Unit Option Plan of the Company, as amended,
restated, supplemented or otherwise modified from time to time. 
 “Public Offering” shall mean the sale of Units or
other equity securities of the Company (or of a successor entity thereto) to the public pursuant to an effective registration statement (other than a registration statement on Form S-4 or S-8 or any similar or successor form) filed under the
Securities Act in connection with an underwritten offering. 
 “Securities Act” shall mean the Securities Act of
1933, as amended. 
 “Transaction” shall mean (i) the sale of all, or substantially all, of the Company’s
consolidated assets, including, without limitation, a sale of all or substantially all of the assets of the Company or any of its subsidiaries whose assets constitute all or substantially all of the Company’s consolidated assets (or the sale of
a majority of the outstanding voting equity interests of any subsidiary or subsidiaries whose consolidated assets so constitute), in any single transaction or series of related transactions; (ii) the sale of Units or other equity securities of
the Company (or of a successor entity thereto) by the AS Persons, which results in the AS Persons and their Affiliates not having the power to elect or appoint a majority of the members of the Board; or (iii) any merger or consolidation of the
Company with or into another entity unless, after giving effect to such merger or consolidation, the direct or indirect holders of the Company’s voting securities (on a fully-diluted basis immediately prior to the merger or consolidation)
together with their Affiliates own voting securities (on a fully-diluted basis) of the surviving or resulting entity representing a majority of the outstanding voting power to elect directors or managers of the surviving or resulting entity. 

“Unit” shall have the meaning ascribed to the term “Class A Units” in the LLC Agreement. 

 

	3.	Participation. 

 Any Eligible Participant who is granted an option (an
“Option”) to purchase Units hereunder shall be a participant in the Plan. 
  

	4.	Terms of Options. 

  

	 	4.1	Terms of Options. 

 (a) Exercise Price. The exercise price for the Units
subject to an Option, or the manner in which such exercise price is to be determined, shall be determined by the Committee, provided that the exercise price per Unit of any Option shall be no less than the Fair Market Value of a Unit on the date of
grant, unless otherwise agreed to by the Committee and in compliance with Code Section 409A. 
 (b) Term. Options shall be for
such term as the Committee shall determine, provided that no Option shall be exercisable after the expiration of ten (10) years from the date it is granted. 

  
 4 

 (c) Vesting. Options shall be exercisable in such installments (which need not be equal)
and at such times as the Committee may determine in its sole discretion, and, as set forth in an Option Agreement. The vesting schedule may provide that Options will become exercisable over a period of years or become exercisable only if performance
or other goals set by the Board are attained for Options, or a combination of both. To the extent not exercised, Options that vest in installments shall accumulate and may be exercised, in whole or in part, at any time after becoming exercisable,
but not later than the date the Option expires. The Committee may accelerate the exercisability of an Option at any time, provided that the Committee may condition such acceleration of exercisability upon the Company’s attainment of goals set
forth in an Option Agreement. Notwithstanding anything else to the contrary contained in the Plan or any Option Agreement, the Board may adjust performance or other goals set forth in outstanding Option Agreements from time to time, as it deems
necessary or appropriate in good faith in connection with an IPO, Transaction, recapitalization, reorganization, merger, or other event described in Section 6.1. 

(d) Exercise of Option After Termination of Employment or Service. Subject to Section 4.1(b) and the terms of any written
employment agreement or as reflected in an Option Agreement, an Option granted under the Plan may be exercised by an Optionee only while he is an Employee or a Key Non-Employee, provided that any Options that are exercisable preceding an
Optionee’s (i) termination of employment as an Employee for any reason other than Cause or (ii) termination of service as a Key Non-Employee for any reason other than Cause, may remain exercisable for any period set by the Committee
in the Option Agreement, and, further provided that if an Optionee dies while an Employee or a Key Non-Employee, or if his employment terminates as an Employee or his service terminates as a Key Non-Employee because of a Disability, the Optionee (or
his beneficiary or personal representative, as applicable) may exercise the Option for the shorter of (x) six (6) months after such termination due to death or Disability and (y) the remaining term of the Option Agreement. 

 

	 	4.2	Nontransferability. 

 Unless otherwise approved in advance by the Committee, no
Option granted hereunder shall be transferable by an Optionee otherwise than by will or the laws of descent and distribution, and an Option may be exercised during the lifetime of such Optionee only by the Optionee or his guardian or legal
representative; provided, however that an Optionee may designate a beneficiary to exercise his Option or other rights under the Plan after his death and, in the discretion of the Committee, Options may be transferable pursuant to a Qualified
Domestic Relations Order (“QDRO”), as determined by the Committee or its designee. Except as otherwise permitted herein, such Options shall not be assigned, pledged or hypothecated in any way (whether by operation of law or
otherwise) and shall not be subject to execution, attainment or similar process. 
  

	 	4.3	Method of Exercise. 

 An Option shall be exercised by delivery of a written notice
(in person or by first class mail) to the Secretary of the Company at the Company’s principal executive office. Such written notice shall specify the number of Units to be purchased and the date the Units will be purchased and shall otherwise
be in accordance with the Option Agreement pursuant to which 

  
 5 

 
such Option was granted. The purchase price for any Units to be purchased pursuant to the exercise of an Option shall be paid in full in cash, by check payable to the order of the Company or, at
the discretion of the Board and upon such terms and conditions as the Board shall approve, (A) by transferring previously owned Units to the Company, (B) by having Units otherwise deliverable upon such exercise withheld or
(C) following an IPO or in the sole discretion of the Committee, pursuant to a “cashless exercise” procedure (provided, with respect to any payment under clauses (A), (B) or (C), that the Committee must expressly approve such
form of payment in advance). Any Units transferred to the Company as payment of the exercise price under an Option shall be valued at their Fair Market Value on the exercise date. No Units will be issued and no Employee or Key Non-Employee shall
have the rights and privileges of a Member, as defined in the LLC Agreement, following the exercise of an Option unless and until the Company accepts the payment of the exercise price in accordance with the terms and conditions set forth in this
Plan and the Option Agreement. If requested by the Committee, an Optionee shall deliver the Option Agreement evidencing the Option to the Secretary of the Company who shall endorse thereon a notation of such exercise and return such Option Agreement
to the Optionee. As a condition to the exercise of an Option and the receipt of Units and the continued holding of the Units received in connection with such exercise, the holder of such Units shall execute a counterpart signature page to the LLC
Agreement, in a form approved by the Company. 
  

	5.	Administration. 

  

	 	5.1	Composition of the Committee. 

 The Plan shall be administered by the Committee,
which shall consist of at least two members of the Board appointed by and serving at the pleasure of the Board; provided that if for any reason the Committee shall not have been appointed by the Board, all authority and duties of the Committee under
the Plan shall be vested in and exercised by the Board. Appointment of Committee members shall be effective upon such member’s acceptance of appointment. Committee members may resign at any time by providing thirty (30) days’ advance
written notice to the Board and may be removed by the Board at any time for any reason. Vacancies in the Committee shall be filled by the Board. 
  

	 	5.2	Duties and Powers of Committee. 

 Subject to the provisions hereof, the Committee
shall have the sole and complete authority to determine which Eligible Participants shall be granted Options, the number of Units to be covered by each Option, the exercise price therefor and the terms and conditions applicable to the exercise of
the Option. 
 It shall be the duty of the Committee to conduct the general administration of the Plan in accordance with its terms and
provisions. The Committee shall have the power to interpret the Plan, including to resolve any inconsistency and to provide for any omission thereunder, and to adopt such rules for the administration, interpretation and application of the Plan as
are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee shall be binding upon all persons, including, but not limited to, the Company, the Members,
and all subsidiaries, Employees, Key Non-Employees, Optionees and beneficiaries. 

  
 6 

	 	5.3	Committee Actions. 

 The Committee shall act by a majority of its members in
office in attendance at a meeting at which a quorum is present or by a memorandum or other written instrument signed by all of the members of the Committee. 
  

	 	5.4	Compensation; Professional Assistance. 

 Members of the Committee shall receive
such compensation for their services as members as may be determined by the Board. All expenses and liabilities incurred by members of the Committee in connection with the administration of the Plan shall be borne by the Company. The Committee may,
with the approval of the Board, employ attorneys, consultants, accountants, appraisers, or other persons. The Committee, the Company and its officers and directors shall be entitled to rely upon the advice, opinions or valuations of any such
persons. 
  

	 	5.5	Delegation of Authority. 

 The Committee may, in its sole and absolute discretion,
delegate to any proper officer of the Company, or more than one of them, any or all of the administrative duties of the Committee under this Plan. 
  

	 	5.6	No Liability. 

 No member of the Board or the Committee, or director, officer or
other Employee of the Company or any of its subsidiaries shall be liable, responsible or accountable in damages or otherwise for any determination made or other action taken or any failure to act by such person with respect to the Plan so long as
such person is not determined to be guilty by a final adjudication of gross negligence or willful misconduct with respect to such determination, action or failure to act. 
  

	 	5.7	Indemnification. 

 To the fullest extent permitted by law, each member of the
Board and the Committee and each director or officer of the Company or any of its subsidiaries shall be held harmless and be indemnified by the Company for any liability, loss (including amounts paid in settlement), damages or expenses (including
reasonable attorneys’ fees) suffered by virtue of any determinations, acts or failures to act, or alleged acts or failures to act, in connection with the administration of the Plan so long as such person is not determined by a final
adjudication to be guilty of willful misconduct with respect to such determination, action or failure to act. 

  
 7 

	6.	Units Subject to the Plan. 

  

	 	6.1	Effect of Changes in Company’s Units. 

 In the event that the Board
determines that any unit split, dividend, reverse stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of units, warrants or rights offering to purchase Units at
a price substantially below fair market value, or other similar corporate event affects the Units such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan, the Board
shall, in its sole discretion, and in such manner as the Board may deem equitable, substitute or adjust any or all of (a) the number of Units or other securities of the Company (or number and kind of other securities or property including,
without limitation, cash) with respect to which Options have or may be granted under the Plan, (b) the terms of any outstanding Options, including, without limitation, (i) the number of Units or other securities of the Company (or number
and kind of other securities or property) subject to outstanding Options or to which outstanding Options relate and (ii) the exercise price of any Options and/or (c) any other affected terms of such Options, including, if deemed
appropriate, by providing for a cash payment to an Optionee; provided, however, that the number of Units subject to any Option shall always be a whole number and further provided, however, that any adjustment pursuant to
this Section 6.1 shall comply with Code Section 409A to the extent applicable. Notwithstanding the foregoing, in the event of a unit split, dividend or recapitalization, without a determination by the Committee or action by the Board
(a) the number of Units subject to the Plan and to outstanding Options, and (b) the exercise price with respect to any outstanding Option automatically shall be deemed proportionately adjusted to reflect such unit split, dividend or
recapitalization. 
  

	 	6.2	Effect of a Transaction. 

 In the event of a Transaction or in connection with or
in contemplation of the public offering of Metaldyne Performance Group Inc. or any other parent company of the Company (the “Parent Public Company”), the Company may, in its sole discretion and without the consent of the
Optionees or Eligible Participants, provide for one or more of the following: (i) the assumption of the Plan and the outstanding Options by the surviving entity or its parent or the Parent Public Company, as the case may be; (ii) the
substitution by the surviving entity or its parent or the Parent Public Company, as the case may be, of options with substantially the same terms for such outstanding Options; and (iii) settlement of the intrinsic value of the outstanding
vested Options in cash or cash equivalents or equity followed by the cancellation of all such Options (whether or not then vested or exercisable). For purposes hereof, “intrinsic value” of an Option shall equal the Fair Market Value of a
Unit on the date of the consummation of the Transaction or the public offering of the Parent Public Company, as the case may be, as determined by the Board in its sole discretion in good faith, reduced by the exercise price of such Option. For the
avoidance of doubt, if the intrinsic value of an Option is zero or negative on the date of the consummation of the Transaction, such Options may be cancelled with no consideration. 

 

	7.	Miscellaneous. 

  

	 	7.1	Effective Date; Term of Plan. 

 The Plan shall be effective as of July 24,
2014 (the “Effective Date”). Subject to the earlier termination pursuant to Section 7.2, the Plan shall continue in effect for ten (10) years. 

  
 8 

	 	7.2	Amendment, Suspension or Termination of the Plan. 

 The Plan may be wholly or
partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board. Neither the amendment, suspension nor termination of the Plan shall, without the consent of an Optionee, impair any rights or obligations
under any Option theretofore granted. No Options may be granted under the Plan during any period of suspension nor after termination of the Plan, and in no event may any Options be granted under the Plan after the tenth anniversary of the Effective
Date. 
  

	 	7.3	Amendment of Option. 

 Subject to the terms hereof, including, without limitation,
Section 4.1(c), the Committee may amend, modify or terminate any outstanding Option with the Optionee’s consent in any manner not inconsistent with the terms of the Plan, including without limitation, (a) to change the date or dates
as of which an Option becomes exercisable, or (b) to cancel and reissue an Option under such different terms and conditions as it determines appropriate; provided, that, for the avoidance of doubt, no such amendment, modification or
termination may be adverse to the Optionee or any person with an interest in an outstanding Option without such Optionee’s or other person’s prior written consent. 
  

	 	7.4	No Rights as a Member. 

 No Optionee shall be deemed to be or to have the rights
and privileges of an owner of Units or a Member unless and until such Optionee has exercised an Option in accordance with the terms and conditions set forth in Section 4.3 hereof and its respective Option Agreement. 

 

	 	7.5	Effect of Plan Upon Other Compensation and Incentive Plans. 

 The adoption of the
Plan shall not affect any other compensation or incentive plans in effect for the Company, any subsidiary of the Company or any Affiliate. Nothing in the Plan shall be construed to limit the right of the Company or any subsidiary or Affiliate of the
Company to establish any other forms of incentives or compensation for Employees or Key Non-Employees. 
  

	 	7.6	Regulations and Other Approvals. 

 (a) The obligation of the Company to sell or
deliver Units with respect to Options shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed
necessary or appropriate by the Committee. 
 (b) The Board may make such changes to the Plan or Options as may be necessary or appropriate
to comply with the rules and regulations of any government authority. 

  
 9 

 (c) Each Option is subject to the requirement that, if at any time the Committee determines, in
its sole discretion, that the listing, registration or qualification of Units issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is
necessary or desirable as a condition of, or in connection with, the grant of an Option or the issuance of Units, no Options shall be granted or Units issued, in whole or in part, unless listing, registration, qualification, consent or approval has
been effected or obtained free of any conditions as acceptable to the Committee. 
 (d) In the event that the disposition of Units acquired
pursuant to the Plan is not covered by a then current registration statement under the Securities Act, and is not otherwise exempt from such registration, such Units shall be restricted against transfer to the extent required by the Securities Act
or regulations thereunder, and the Committee may require any individual receiving Units pursuant to the Plan, as a condition precedent to receipt of such Units, to represent to the Company in writing that the Units acquired by such individual are
acquired for investment only and not with a view to distribution. The certificate, if any, for any Units acquired pursuant to the Plan shall include any legend that the Committee deems appropriate to reflect any restrictions on transfer. 

 

	 	7.7	Governing Law. 

 The Plan and the rights of all persons claiming hereunder shall
be construed and determined in accordance with the laws of the State of Delaware without giving effect to the choice of law principles thereof. 
  

	 	7.8	Withholding of Taxes. 

 As a condition to the exercise of an Option and the
continued holding of Units received upon exercise of an Option, the Optionee shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, or local taxes of any kind required by law or the
Company to be withheld with respect to such amount. The obligations of the Company under the Plan shall be conditional on such payment or arrangements and the Company and its subsidiaries shall, to the extent permitted by law, have the right to
deduct any such taxes from any payment of any kind otherwise due to the Optionee. In its discretion, the Committee may permit, subject to such terms and conditions as imposed by the Committee, an Optionee to satisfy withholding obligations by
delivering previously owned Units or by electing to have Units otherwise deliverable upon exercise of the Option withheld, in each case, having a Fair Market Value equal to the minimum total statutory tax that could be imposed on the transaction.

  

	 	7.9	No Right to Continued Employment or Service. 

 Nothing in the Plan or in any award
agreement shall confer upon any Employee or Key Non-Employee any right to continue in the employ or service of the Company or any subsidiary or shall interfere with or restrict in any way the rights of the Company and its subsidiaries, which are
hereby expressly reserved, to remove, terminate or discharge, as applicable, any Employee or Key Non-Employee at any time for any reason whatsoever, with or without Cause. 

  
 10 

	 	7.10	Titles; Construction. 

 Whenever the context may require, any pronoun includes the
corresponding masculine, feminine and neuter forms. Words in the singular or the plural include the plural or the singular, as the case may be. The use of the word “or” is not exclusive. All references herein to Sections shall be deemed to
be references to Sections of this Plan unless the context otherwise requires. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The words
“hereof”, “herein” and “hereunder” and words of similar import when used in this Plan refer to this Plan as a whole and not to any particular provision of this Plan. Unless otherwise expressly provided herein, any
statute or law defined or referred to herein shall mean such statute or law as from time to time amended, modified or supplemented, including by succession of comparable successor statute. 

 

	 	7.11	Code Section 409A. 

 To the extent applicable, it is intended that the Plan
and all Options hereunder comply with, or be exempt from, the requirements of Code Section 409A, and that the Plan and all Option Agreements shall be interpreted and applied by the Committee in a manner consistent with this intent in order to
avoid the imposition of any additional tax under Code Section 409A. In the event that any (i) provision of the Plan or an Option Agreement, (ii) Option, payment, transaction or (iii) other action or arrangement contemplated by
the provisions of the Plan is determined by the Committee to not comply with the applicable requirements of Code Section 409A, the Committee shall have the authority to take such actions and to make such changes to the Plan or an Option
Agreement as the Committee deems necessary to comply with such requirements; provided, that no such action shall adversely affect any outstanding Option without the consent of the affected Eligible Participant. No payment that
constitutes deferred compensation under Code Section 409A that would otherwise be made under the Plan or an Option Agreement upon a termination of service will be made or provided unless and until such termination is also a “separation
from service,” as determined in accordance with Code Section 409A. Notwithstanding the foregoing or anything elsewhere in the Plan or an Option Agreement to the contrary, if a Eligible Participant is a “specified employee” as
defined in Code Section 409A at the time of termination of service with respect to an Option, then solely to the extent necessary to avoid the imposition of any additional tax under Code Section 409A, the commencement of any payments or
benefits under the Option shall be deferred until the date that is six months following the Eligible Participant’s termination of service (or such other period as required to comply with Code Section 409A). In no event whatsoever shall the
Company be liable for any additional tax, interest or penalties that may be imposed on a Eligible Participant by Code Section 409A or any damages for failing to comply with Code Section 409A. 

 

	 	7.12	Required Financial and Other Information. 

 To the extent the Committee determines
that there are five hundred (500) or more Optionees in this Plan and all similar plans, and that it desires to comply with the exemption set forth under Section 12(g) of the Exchange Act (Release No. 34-56887), the Committee shall
provide each participant every six (6) months with the risk and financial information so required thereunder, and in the manner so required, in order to comply with such exemption. 

  
 11 

	 	7.13	Foreign Jurisdictions. 

 The Committee may grant Options to Eligible Participants
who are subject to the tax laws of nations other than the United States, which Options may have terms and conditions as determined by the Committee that are necessary to comply with applicable foreign laws. The Committee may take any action which it
deems advisable to obtain approval of the issuance of such Options and the Units acquired upon exercise of the Options by the appropriate foreign governmental entity; provided, however, that no such Options may be granted pursuant to this
Section 7.13 and no action may be taken which would result in a violation of applicable law, including the securities laws of the United States and of any State. The Committee may establish sub-plans or procedures under the Plan to recognize
differences in laws, rules, regulations or customs of such foreign jurisdictions with respect to tax, securities, currency, employee benefit or other matters. 

* * * * * * 

  
 12

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