Document:

EX-10.3

 Exhibit 10.3 

Execution Version 

AMENDED AND RESTATED MASTER MANAGEMENT AGREEMENT 

THIS AMENDED AND RESTATED MASTER MANAGEMENT AGREEMENT (this “Agreement”), dated as of March 12, 2014, is entered into by
and between INLAND AMERICAN REAL ESTATE TRUST, INC., a Maryland corporation (the “Company”), on behalf of itself and all of the Company’s subsidiaries party to the Individual Property Management Agreements (as defined
herein), and INLAND AMERICAN INDUSTRIAL MANAGEMENT LLC, a Delaware limited liability company (the “Property Manager”). 

RECITALS: 
 WHEREAS, the
Company currently qualifies as a “real estate investment trust” (a “REIT”), as defined in Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), for federal and state
income tax purposes and has made and expects to make investments in real estate assets of the type permitted to be made by REITs under the Code and otherwise in accordance with the articles of incorporation and bylaws of the Company, as any of the
foregoing may be amended and in effect from time to time; 
 WHEREAS, the Company and the Property Manager previously entered into that
certain Master Management Agreement, dated as of July 1, 2012, as amended by amendments dated June 29, 2013, August 30, 2013, September 27, 2013, October 30, 2013, November 29,
2013, December 30, 2013, January 30, 2014 and February 27, 2014 (the “Original Master Management Agreement”), pursuant to which the properties managed consist of industrial warehousing and distribution
facilities, charter schools and prisons, a list of which is attached hereto as Exhibit A (such investments included on Exhibit A being referred to herein collectively as the “Properties” and individually as a
“Property”) owned by subsidiaries of the Company (such subsidiaries being referred to herein collectively as the “Property Owners” and individually as a “Property Owner”); 

WHEREAS, each Property Owner and the Property Manager are parties to those certain property management agreements governing the Properties,
which set forth more specifically the terms of the Property Manager’s management of the Properties, each as amended by amendments dated June 29, 2013, August 30, 2013, September 27, 2013, October 30,
2013, November 29, 2013, December 30, 2013, January 30, 2014 and February 27, 2014 (the “Individual Property Management Agreements,” and together with the Original Master Management Agreement, the
“Prior Agreements”); 
 WHEREAS, concurrent with entry into this Agreement, the Company, the Property Manager, Inland
American Business Manager & Advisor, Inc., Inland American Holdco Management LLC (“Holdco”), Inland American Office Management LLC, Inland American Retail Management LLC, Inland American Lodging Corporation and Eagle I
Financial Corp. (solely with respect to that certain section specified therein) are entering into that certain Master Modification Agreement, dated as of the date hereof (the “Master Modification Agreement”), and certain related
agreements, pursuant to which the Company will begin to manage the business and perform certain of the functions previously performed by the Property Manager and its affiliates under the Prior Agreements (the “Self-Management
Transactions”); and 

 WHEREAS, in connection therewith, the Company desires to continue retaining the Property Manager
to provide certain property management services for the Properties and the Company and the Property Manager desire to amend and restate the Prior Agreements as set forth herein, which shall supercede such Prior Agreements, to, among other things,
reflect the transfer of specified employees who perform certain property-related accounting, lease administration, leasing, marketing and construction management functions on behalf of the Company (the “Assumed Functions”) from
Holdco and its affiliates to the Company in connection with the Self-Management Transactions. 
 NOW THEREFORE, in consideration of the
mutual covenants and conditions herein set forth, the parties hereto agree as follows: 
 1. Appointment. Effective as of the
date hereof, the Company hereby continues to retain, on behalf of the Property Owners, the Property Manager to manage the Properties. The Property Manager acknowledges and agrees that the Company (whether or not through the Property Owners) may
engage other management companies to manage the Properties or other properties, and the Property Manager acknowledges and agrees that it shall not provide management services outside of this Agreement and the Management Agreements (as defined
herein), without the consent of the Company, which consent may be withheld in the Company’s sole discretion. Notwithstanding the Company’s ability to engage other management companies to manage the Properties and for the avoidance of
doubt, the Company agrees that the Property Manager shall be paid the fees and receive such other amounts as set forth in this Agreement and the Management Agreements for providing the services described in this Agreement and the Management
Agreements during the term of this Agreement. 
 2. Terms and Conditions. 

(a) Each Property Owner and the Property Manager are parties to the Individual Property Management Agreements and the
engagement of the Property Manager for any Property acquired after the date hereof shall be pursuant to the terms and conditions of a separate management agreement in substantially the form attached hereto as Exhibit B (each agreement
that is executed after the date hereof, the “Interim Management Agreements” and together with the Individual Property Management Agreements, the “Management Agreements”) between the Property Manager and the
applicable Property Owner; provided, however, if any conflict or inconsistency exists between this Agreement and a Management Agreement, this Agreement shall govern and control and shall supersede, amend and replace all provisions
which conflict with or are inconsistent with the terms of this Agreement and, for the avoidance of doubt, the terms of Exhibit B hereof shall be deemed to supersede, amend and replace the terms of all Individual Property Management Agreements as if
such Individual Property Management Agreements were amended and restated in their entirety and replaced with Exhibit B hereof. Each Property identified on Exhibit A is identified as either a multi-tenant or single-tenant site for
purposes of identifying the applicable monthly management fee rate for each Property. Exhibit A will be amended to include any Properties acquired after the date of this Agreement as either a multi-tenant or single-tenant site, and
each such Property shall become subject to this Agreement and a separate Management Agreement. 

  
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 (b) Each Property Owner shall be obligated to pay the Property Manager, as a monthly management
fee, an amount equal to: 
 (i) 4.00% of the Gross Income (as defined herein) of the Property to be managed, if the Property
is a multi-tenant site, or 
 (ii) 2.25% of the Gross Income of the Property to be managed, if the Property is a
single-tenant site. 
 (iii) For purposes hereof, “Gross Income” means all rents, assessments and other items,
including, but not limited to, the following, to the extent applicable: the aggregate amount of any and all tenant payments for real estate taxes, property liability and other insurance, damages and repairs, common area maintenance, tax reduction
fees and all other tenant reimbursements, administrative charges, proceeds of rental interruption insurance, parking fees, income from coin operated machines and other miscellaneous income collected by or paid to the Property Manager. For
purposes of calculating the management fee, Gross Income specifically includes late rent administrative charges, non-negotiable check charges, credit report fees, subleasing administrative charges, and all administrative charges actually collected
from tenants in connection with annual common area maintenance reconciliations and tenant charge backs for same. 
 (c) If
the Property Manager or the Company, on behalf of a Property Owner, reasonably determines that a Property has changed its classification as either a single-tenant site or multi-tenant site, it shall notify the other party in writing. If the
parties mutually agree that the classification has changed, the parties will amend the Management Agreement to reflect a change in the classification. 

(d) The Property Manager hereby covenants and agrees that (i) subject to the reimbursement obligations set forth below,
the Property Manager shall perform services requested by the Company, the Board of Directors of the Company or a Property Owner in connection with any direct or indirect sale of a Property in addition to those set forth in this Agreement and
(ii) the Property Manager shall cooperate with the Company and the applicable Property Owner in connection with such sale of a Property. 

(e) Each Property Owner shall reimburse the Property Manager for all reasonable out of pocket costs and expenses actually
incurred by the Property Manager for services performed in connection with a sale of a Property. Such costs and expenses shall include, but not be limited to, costs for consultants and/or temporary employees engaged to assist in the sale
process and severance packages or stay bonuses paid to those employees of the Property Manager that contribute to the maintenance, operation, repair and other services being rendered at the Property. Such costs and expenses shall not include
corporate salary allocations or employee costs not normally reimbursed pursuant to the Management Agreements. Subject to the terms of the Master Modification Agreement, severance packages and stay bonuses will not be reimbursed for any
employees of the Property Manager other than those rendering services at the applicable 

  
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Property, including for the avoidance of doubt any senior executive of the Property Manager. All of the costs and expenses described in this subsection shall be reimbursed to the Property
Manager regardless of whether a sale occurs. 
 (f) The following shall apply to reimbursement for severance packages and
stay bonuses incurred in connection with a sale of a Property or Properties: 
 (i) up to one week of severance pay will be
reimbursed for each one year of service with Holdco or its affiliates; 
 (ii) as determined by the Property Manager, stay
bonuses will only be reimbursed for key employees, and reimbursement will be limited to approximately ten percent (10%) of the key employee’s base annual pay; and 

(iii) the Property Manager agrees to provide an estimate of reimbursable severance payments and stay bonuses for the 2014
calendar year to the applicable Property Owner, the Company and the Company’s Board of Directors within 30 days after the date of this Agreement. The costs and expenses set forth in such estimates shall be subject to the reasonable approval of
the Company’s Board of Directors. The Property Manager will provide a quarterly update to the Property Owner, the Company and the Company’s Board of Directors as to reimbursable severance payments and stay bonuses actually paid and
shall not be entitled to reimbursement for any amounts in excess of the estimates provided under this subsection without the approval of one of the Company’s executive officers. 

provided, however, notwithstanding anything in this Section 2(f), any severance packages eligible for reimbursement
pursuant to the Master Modification Agreement shall not be eligible for reimbursement hereunder and provided further that no severance package will be eligible for reimbursement if the employee eligible for such severance package is
subsequently hired by the Company or one of its wholly-owned subsidiaries. 
 (g) Subject to the terms of this Agreement, the
Property Manager covenants and agrees to comply with and implement, as applicable, any lawful direction or strategic plan approved by the Company’s Board of Directors and if such direction or strategic plan affects the estimates under
Section 2(f)(iii), such estimates shall be adjusted accordingly. 
 (h) The Company shall pay a monthly fee of
$500, effective January 1, 2014, for each employee of the Company that uses the Property Manager’s office space as such employee’s principal work space; provided, however, that no such payment shall be due for an
employee’s use of Suite 310 of 2809 Butterfield Road (or Suite 200 of 2809 Butterfield Road for periods prior to March 1, 2014); provided, further, that any such fee to the Property Manager shall be offset for periods after
March 1, 2014, in the amount of $500 per month for each Property Manager employee that uses office space leased or subleased by the Company as such Property Manager employee’s principal work space.

  
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 In addition, effective January 1, 2014, the Company shall reimburse the Property Manager for
expenses associated with the Property Manager’s business administration group personnel if (i) such expenses are invoiced on a monthly basis, which invoices are approved by the Company in its sole discretion and (ii) such monthly
invoices include statements that set forth the basis for such expenses in reasonable detail, including, at minimum, (A) the business administration group employee, (B) additional description of the matters such employees performed during
the month on a daily basis and (C) the number of hours such employee worked on such matters. The Property Manager agrees to provide the hourly rate of such employee, if requested, separately to the Company. The hourly rate charged will be at
the Property Manager’s cost. 
 (i) Notwithstanding the foregoing, the Property Manager, the Company and the applicable
Property Owner may mutually agree to vary the terms of a Management Agreement for any Property, provided any increase in, or addition of fees and/or reimbursements, limitation or modification with respect to reporting or modification of the
term or any termination rights, in each instance, shall be subject to the prior approval of the Company’s Board of Directors. 
 3.
Termination. 
 (a) Subject to Sections 3(b), 3(c) and 3(d), the term of this Agreement shall commence as of the
date of this Agreement and expire on December 31, 2014, at 11:59 P.M. central time (the “Term”). If this Agreement is terminated pursuant to this Section, all Management Agreements shall terminate effective as of the date
of termination of this Agreement. 
 (b) Notwithstanding Section 3(a) above, the Company shall have the right to
terminate this Agreement only under the following circumstances: 
 (i) The Property Manager engages in any act of fraud,
misappropriation of funds or embezzlement, or the Property Manager commits any act of gross negligence or willful misconduct in the performance of its obligations under this Agreement; provided, however, if such conduct is committed by
any individual other than any senior executive, the Company shall have no right to exercise such termination right if the Property Manager immediately terminates or causes the termination of such individual from employment and makes the Company, the
Property Owner and the Property whole for the actual financial loss resulting from such conduct. 
 (ii) The Property Manager
commits a material breach of any representation, warranty, term, covenant or condition set forth in this Agreement and such breach is not cured within thirty (30) days after written notice from the Company to the Property Manager. The
notice shall specify the nature of the breach in reasonable detail. Notwithstanding the foregoing, if the Property Manager has promptly commenced to cure the breach within the initial 30-day period and is diligently pursuing the cure to
completion, the Property Manager shall have, to the extent necessary, an additional thirty (30) days to cure the breach before the Company may terminate this Agreement. 

  
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 (iii) A court of competent jurisdiction enters a decree or order for relief in
respect of the Property Manager in any involuntary case under the applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appoints a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official)
of the Property Manager or for any substantial part of its property or orders the winding up or liquidation of the Property Manager’s affairs. 

(iv) The Property Manager commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or consents to (or fails to timely object to) the entry of an order for relief in an involuntary case under any such law, or consents to (or fails to timely object to) the appointment of or taking possession by a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Property Manager or for any substantial part of its property, or makes any general assignment for the benefit of creditors, or fails generally to pay its debts as
they become due. 
 (v) There is a dissolution and winding up of the Property Manager. 

(c) Notwithstanding Section 3(a) above, the Property Manager shall have the right to terminate this Agreement
(and shall pay any monies owed pursuant to Section 4), under the following circumstances: 
 (i) The Company
commits a material breach of any representation, warranty, term, covenant or condition set forth in this Agreement and such breach is not cured within thirty (30) days after written notice from the Property Manager to the Company. The
notice shall specify the nature of the breach in reasonable detail. Notwithstanding the foregoing, if the Company has promptly commenced to cure the breach within the initial 30-day period and is diligently pursuing the cure to completion, the
Company shall have, to the extent necessary, an additional thirty (30) days to cure the breach before the Property Manager may terminate this Agreement. 

(ii) A court of competent jurisdiction enters a decree or order for relief in respect of the Company in any involuntary case
under the applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appoints a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company, or for any substantial part of any of
their respective property or orders the winding up or liquidation of the Company’s affairs. 
 (iii) The Company
commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to (or fails to timely object to) the entry of an order for relief in an involuntary case under any such law, or
consents to (or fails to timely object to) the appointment of or taking possession by a receiver, liquidator, assignee, custodian, 

  
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trustee, sequestrator (or similar official) of the Company, or for any substantial part of its property, or makes any general assignment for the benefit of creditors, or fails generally to pay
its debts, as they become due. 
 (iv) There is a dissolution and winding up of the Company. 

(d) Notwithstanding Section 3(a) above, if there is a Change of Control (as defined herein), this Agreement
shall automatically terminate, effective as of the date on which the Change of Control occurs. If there is a Change of Control pursuant to Section 3(e)(i) below, then for purposes of this Section 3(d), the date on
which the Change of Control occurs means the date on which the last of the affected Properties or Property Owners are sold, disposed of or transferred by the Company. 

(e) For purposes hereof, a “Change of Control” means: 

(i) the sale, disposition of or transfer, in one or in a series of transactions, at least seventy-five percent (75%) of
either (1) the Properties managed by the Property Manager pursuant to this Agreement and the Management Agreements entered into pursuant to this Agreement or (2) the Property Owners of the Properties managed by the Property Manager
pursuant to this Agreement and the Management Agreements entered into pursuant to this Agreement, in each case within any rolling six (6) month period, to one or more persons or entities other than the Property Manager, any of its affiliates or
any of the Company’s subsidiaries and at least seventy-five percent (75%) of such Properties or Property Owners, as applicable, are actually sold, disposed of or transferred by the Company; provided, however, for purposes of
this Section 3(e)(i), the Properties or Property Owners that are sold or contracted to be sold pursuant to that certain Equity Interest Purchase Agreement, dated as of August 8, 2013, by and between the Company and AR Capital, LLC
(“NNN Sale Properties”), except any Properties or Property Owners that are ultimately excluded from the NNN Sale Properties by AR Capital, LLC pursuant to its rights under Section 2.11 thereunder, shall be disregarded in
the determination of Change of Control; or 
 (ii) the acquisition by any individuals, entity, group or person (within the
meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, or any successor provision (the “Exchange Act”)), including any group acting for the purpose of acquiring, holding or
disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than the Property Manager or any of its affiliates, in a single transaction or in a related series of transactions, by way of merger,
consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of fifty percent (50%) or more of the total voting power of the voting capital interests of the
Company. 

  
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 (f) Unless otherwise expressly set forth in this Section 3, the party
entitled to terminate this Agreement shall provide the other party thirty (30) days advance written notice of the termination. 

(g) In the event a dispute arises between the parties regarding the application or interpretation of this Agreement or a
Management Agreement, the parties shall exercise commercially reasonable efforts to reach a reasonable and equitable resolution of the matter. If the parties are unable to reach a reasonable and equitable resolution, either party may refer the
matter by written notice to the senior executives of the parties hereto. If the parties still cannot resolve the matter, the parties shall agree upon an appropriate method of non-judicial dispute resolution, including mediation, mini-trial or
arbitration. 
 4. Action Upon Termination. 

(a) Except as otherwise set forth in Section 4(b), the Property Manager shall not be entitled to compensation after
the date of termination of this Agreement for further services performed under this Agreement or the Management Agreements, but shall be paid all compensation accruing to the date of termination. Upon termination of this Agreement, the Property
Manager shall: 
 (i) pay over to the Company, on behalf of the Property Owners, all money collected and held for the account
of the Company pursuant to this Agreement and each Management Agreement, after deducting any accrued compensation and reimbursement for costs, expenses (including sale costs, expenses, severance packages and stay bonuses payable under Sections
2(e) and 2(f), but for the avoidance of doubt, such costs, expenses, severance packages and stay bonuses are only payable in connection with the sale of a Property or Properties), to which the Property Manager is entitled; 

(ii) deliver to the Board of Directors of the Company a full accounting, including a statement showing all payments collected
by the Property Manager and a statement of all money held by the Property Manager, covering the period following the date of the last accounting furnished to the Board of Directors of the Company; 

(iii) deliver to the Board of Directors of the Company all property and documents of the Company then in the custody of the
Property Manager; and 
 (iv) cooperate with the Company and the Property Owners and take all reasonable steps requested by
the Company to assist it in making an orderly transition of the functions performed by the Property Manager. 
 (b) In
addition to the compensation to be paid to the Property Manager under Section 4(a)(i), if this Agreement is terminated as a result of a Change of Control, the Property Manager shall be paid a termination fee equal to sixty percent
(60%) of the average applicable monthly management fee that would otherwise have been paid to the Property Manager under each Affected Management Agreement (as defined herein). The 

  
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termination fee shall be calculated by using the average Gross Income for the immediately preceding three full calendar months of each Affected Management Agreement and multiplying that average
by the applicable monthly management fee under Section 2(b), multiplied by the number of whole months remaining in the term of each Affected Management Agreement, excluding any extension options, multiplied by sixty percent (60%). 

(i) For purposes of this Section 4(b), an “Affected Management Agreement” means: 

 

	 	(1)	any Management Agreement terminated because this Agreement was terminated as a result of a Change of Control; 

  

	 	(2)	any Management Agreement terminated because the Property subject to the Management Agreement was sold as part of a sale that triggered the Change of Control; and 

 

	 	(3)	any Management Agreement terminated because there was a change of control of the Property Owner (as more particularly described in Section 2(c)(ii) of the Management Agreement) and the change of control
of the Property Owner was part of a sale that triggered the Change of Control; 

 provided, however, for purposes of this
Section 4(b)(i), any Management Agreement terminated in connection with the sale of any NNN Sale Property shall not be an Affected Management Agreement. 

(c) The Company shall pay the Property Manager the termination fee in cash within ten (10) Business Days after the
effective date of the termination of this Agreement. 
 5. Successors and Assigns. This Agreement shall bind any permitted
successors or assigns of the parties hereto as herein provided. 
 6. Liability and Indemnification. 

(a) Indemnity. 

(i) The Property Manager shall protect, defend, indemnify and hold harmless the Company and the Property Owner, its affiliates
and each of their respective officers, directors, managers, members and employees, from and against any and all obligations, liabilities, claims (including, but not limited to, any claims for damage to property or injury to or death of any persons),
liens or encumbrances, losses, damages, costs or expenses (including court costs and reasonable attorneys’ fees) (“Claims”) (A) arising out of the failure of the Property Manager or any of its agents, officers, employees
or representatives to 

  
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comply with or perform the Property Manager’s duties and obligations under this Agreement in accordance with the terms hereof, (B) by reason of any act or omission of the Property
Manager or any of its agents, officers, employees or representatives, which act or omission is negligent, misconduct or outside the scope of the Property Manager’s authority as provided herein and (C) arising out of or relating to any of
the Property Manager employee-related Claims, including, but not limited to, Claims of discrimination, sexual harassment, other harassment, non-promotion, non-hire, wrongful termination or retaliation. 

(ii) The Company and each Property Owner shall protect, defend, indemnify and hold harmless the Property Manager, its
affiliates and each of their respective officers, directors, managers, members and employees, from and against any and all Claims in connection with or any way related to a Property or arising out of the performance by the Property Manager of its
obligations and duties hereunder in accordance with the terms hereof; provided, however, that for the avoidance of doubt, neither the Company nor any Property Owner shall be obligated to indemnify the Property Manager from any Claims
arising out of or relating to (A) any act or omission of the Property Manager or any of its agents, officers, employees or representatives which act or omission is negligent or misconduct, in breach of this Agreement or the Management Agreement
or outside the scope of the Property Manager’s authority as provided herein or (B) any of the Property Manager employee-related Claims, including, but not limited to, Claims of discrimination, sexual harassment, other harassment,
non-promotion, non-hire, wrongful termination or retaliation. 
 (iii) Each indemnity shall be subject to the following
provisions: 
  

	 	(1)	The indemnity shall cover the costs and expenses of the indemnitee, including reasonable attorneys’ fees, related to any actions, suits or judgments incident to any of the matters covered by such indemnity. The
costs and expenses of the indemnitee shall be at the expense of the indemnitor. 

  

	 	(2)	The indemnitee shall notify the indemnitor of any Claim against the indemnitee covered by the indemnity within forty-five (45) days after it has notice of such Claim, but failure to notify the indemnitor shall in
no case prejudice the rights of the indemnitee under this Agreement unless the indemnitor shall be prejudiced by such failure and then only to the extent the indemnitor shall be prejudiced by such failure. Should the indemnitor fail to discharge or
undertake to defend the indemnitee against such liability promptly upon learning of the same, then the indemnitee may settle such liability and the liability of the indemnitor hereunder shall be conclusively established by such settlement.

  
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 7. Notices. All notices, requests or demands to be given under this Agreement from one
party to any other party (collectively, “Notices” and individually a “Notice”) shall be in writing and shall be given by (i) personal delivery, (ii) overnight courier service for next Business Day (as
defined below) delivery at the other party’s address set forth below or (iii) telecopy transmission at the other party’s facsimile telephone number set forth below. Notices given by personal delivery (i.e., by the sending party or
messenger) shall be deemed given on the date of delivery. Notices given by overnight courier service shall be deemed given upon deposit with such overnight courier; provided that the deposit occurs prior to the deadline imposed by such
service for overnight delivery, otherwise delivery shall be deemed to occur on the next succeeding Business Day. Notices given by telecopy transmission shall be deemed given on the date of transmission provided such transmission is completed by 5:00
p.m. central time on a Business Day, otherwise such delivery shall be deemed to occur on the next succeeding Business Day. If any party’s address is a business, receipt, or the refusal to accept delivery, by a receptionist or by any person in
the employ of such party, shall be deemed actual receipt by the party of Notices and rejected or refused delivery shall constitute valid delivery. “Business Day” shall mean any day other than Saturday, Sunday or any other day on
which national banks are required or are authorized to be closed in Chicago, Illinois. Notices may be issued by an attorney for a party and in such case such Notices shall be deemed given by such party. The parties’ addresses are as follows:

  

			
	If to the Company and/or the Board of Directors, to:	  	Inland American Real Estate Trust, Inc.
		  	2809 Butterfield Road
		  	Oak Brook, IL 60523
		  	Attention: Scott W. Wilton
		  	Telephone: (630) 218-8000
		
	If to the Property Manager, to:	  	Inland American Industrial Management LLC
		  	2901 Butterfield Road
		  	Oak Brook, IL 60523
		  	Attention: Thomas A. Lithgow
		  	Telephone: (630) 645-7237

 A party’s address for Notice may be changed from time to time by Notice given to the other party in the manner herein
provided for giving notice. Copies of Notices are for informational purposes only, and a failure to give or receive copies of any Notice shall not be deemed a failure to give notice, and shall in no way adversely affect the effectiveness of such
Notice given to the addressee party. 
 8. Independent Contractor Status. The Company and the Property Manager acknowledge
(i) that the management fees payable under this Agreement and the Management Agreements (collectively, the “Paying Agreements”) are arms’ length management fees. The Property Manager shall, from time to time, provide to
the Company information reasonably requested by the Company to allow the Company to confirm the Property Manager’s status as an “Independent Contractor.” 

  
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 9. Cooperation. The Company and the Property Manager agree, for the duration of this
Agreement, to cooperate with each other and take all reasonable steps requested by the other party to assist it in making an orderly transition of the functions performed in the past by or functions currently performed by the Property Manager. The
Property Manager shall be reimbursed for its reasonable and documented out-of-pocket expenses in responding to a request to the extent such request is not part of the Property Manager’s business. 

10. Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one and
the same agreement, and shall become effective when the counterparts have been signed by each party hereto and delivered to the other party hereto. 

11. Governing Law. This Agreement shall be construed, performed and enforced in accordance with and governed by the internal laws
of the State of Illinois, without giving effect to the principles of conflicts of law thereof. 
 12. Amendments. This Agreement
may be amended or modified, and any of the terms, covenants, representations, warranties or conditions hereof may be waived, only by a written instrument executed by the parties hereto, or in the case of a waiver, by the party waiving compliance.

 13. Headings. The descriptive headings in this Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement. 
 14. Severability. In case any one or more of the provisions contained herein shall, for any
reason, be held to be invalid, illegal, void or unenforceable in any respect, in any particular jurisdiction, as to such jurisdiction, shall be ineffective to the extent of such invalidity, illegality or unenforceability, without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties
hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. 
 15. Recitals. The
Recitals set forth above are hereby incorporated into this Agreement as if fully set forth herein. 
 16. Inurement. This Agreement
will inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns, and no other person will have any right or obligation hereunder. No party may assign this Agreement nor any of its rights, interests and
obligations hereunder without the prior written consent of the other party; provided such consent shall not be unreasonably withheld. 

17. Authority. Each of the parties has full right, power, and authority to enter into this Agreement and to assume and perform its
respective obligations under this Agreement, and to carry out the transactions contemplated hereby. The execution and delivery of this Agreement and the performance by each of the parties of its respective obligations hereunder have been duly
authorized by all requisite action by each of the parties. 
 [THE REMAINDER OF THIS PAGE INTENTIONALLY BLANK] 

  
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 WHEREFORE, the undersigned have executed this Agreement by their duly authorized officers or
representatives as of the date first above written. 
  

			
	COMPANY:
	
	INLAND AMERICAN REAL ESTATE TRUST, INC., a Maryland corporation
		
	By:	 	 /s/ Jack Potts

		 	Jack Potts
		 	Treasurer

 [Signature Page to Amended and Restated Master Management Agreement] 

 
			
	THE PROPERTY MANAGER:
	
	INLAND AMERICAN INDUSTRIAL MANAGEMENT LLC, a Delaware limited liability company
		
	By:	 	 /s/ Thomas A. Lithgow

		 	Thomas A. Lithgow
		 	President

 [Signature Page to Amended and Restated Master Management Agreement] 

 EXHIBIT A 
  

													
	 	  	 Building
	  	 Property Name
	  	 Address
	  	 City
	  	 ST
	    	 Building Type

	1.	  	44170	  	Trimble I & II	  	355-455 E. Trimble Road	  	San Jose	  	CA	    	Multi-Tenant Industrial
	2.	  	44171	  	North 1st Street	  	3745-3775 North First St	  	San Jose	  	CA	    	Single-Tenant Industrial
	3.	  	44172	  	Las Plumas	  	1601 Las Plumas Ave	  	San Jose	  	CA	    	Single-Tenant Industrial
	4.	  	44173	  	Tech I	  	4415-4425 Technology Drive	  	Fremont	  	CA	    	Multi-Tenant Industrial
	5.	  	44174	  	Tech II	  	4209 Technology Drive	  	Fremont	  	CA	    	Multi-Tenant Industrial
	6.	  	44175	  	Timber I	  	44348-44388 Old Warm Springs Blvd	  	Fremont	  	CA	    	Multi-Tenant Industrial
	7.	  	44176	  	Fremont	  	46360 Fremont Blvd	  	Fremont	  	CA	    	Single-Tenant Industrial
	8.	  	44177	  	Southpoint	  	755-775 Southpoint Drive	  	Petaluma	  	CA	    	Multi-Tenant Industrial
	9.	  	44178	  	Sonora	  	1154-1156 Sonora Ct	  	Sunnyvale	  	CA	    	Multi-Tenant Industrial
	10.	  	44179	  	Sycamore	  	550-576 Sycamore Drive	  	Milpitas	  	CA	    	Multi-Tenant Industrial
	11.	  	44114	  	11500 MELROSE AVE (294 TOLLWAY VENTURE)	  	11500 Melrose Avenue	  	Franklin Park	  	IL	    	Single-Tenant Industrial
	12.	  	44117	  	LIBERTYVILLE ASSOCIATES	  	700 N. Highway 45	  	Libertyville	  	IL	    	Single-Tenant Industrial
	13.	  	44122	  	COLOMA	  	4412 Coloma Road	  	Coloma	  	MI	    	Single-Tenant Industrial
	14.	  	44123	  	KINSTON	  	104 Enterprise Blvd	  	Kinston	  	NC	    	Single-Tenant Industrial
	15.	  	44151	  	DEVENS INDUSTRIAL	  	235 Barnum Road	  	Devens	  	MA	    	Single-Tenant Industrial
	16.	  	44159	  	ATLAS - ST PAUL	  	240 Chester Street	  	St. Paul	  	MN	    	Single-Tenant Industrial
	17.	  	44161	  	ATLAS-NEW ULM	  	17113 County Road 29	  	New Ulm	  	MN	    	Single-Tenant Industrial

  
 A-1 

													
	18.	  	44400	  	HASKELL-ROLLING PLAINS DETENTIONAL FACIL	  	118 County Line Road 206	  	Haskell	  	TX	    	Single-Tenant Industrial
	19.	  	44401	  	HUDSON CORRECTIONAL FACITLITY	  	3001 Juniper Street, County Road 45.5	  	Hudson	  	CO	    	Single-Tenant Industrial
	20.	  	44402	  	IMAGINE AVONDALE	  	950 North Elsieo C. Felix Jr. Way	  	Avondale	  	AZ	    	Single-Tenant Industrial
	21.	  	44403	  	IMAGINE COOLIDGE	  	1290 East Vah Ki Inn Road	  	Coolidge	  	AZ	    	Single-Tenant Industrial
	22.	  	44404	  	IMAGINE FIRESTONE	  	5753 Twilight Avenue	  	Firestone	  	CO	    	Single-Tenant Industrial
	23.	  	44405	  	IMAGINE INDIGO RANCH	  	6464 Peterson Road	  	Colorado Springs	  	CO	    	Single-Tenant Industrial
	24.	  	44406	  	IMAGINE TOWN CENTER	  	775 Town Center Blvd	  	Palm Coast	  	FL	    	Single-Tenant Industrial
	25.	  	44407	  	IMAGINE DISCOVERY	  	1728 Whitehead Road	  	Baltimore	  	MD	    	Single-Tenant Industrial
	26.	  	44408	  	IMAGINE HOPE LAMOND	  	6200 Kansas Avenue	  	Washington D.C.	  		    	Single-Tenant Industrial
	27.	  	44409	  	IMAGINE COOLIDGE II	  	1290 East Vah Ki Inn Road	  	Coolidge	  	AZ	    	Single-Tenant Industrial

  
 A-2 

 EXHIBIT B 

FORM OF MANAGEMENT AGREEMENT 

MANAGEMENT AGREEMENT 

THIS MANAGEMENT AGREEMENT (this “Agreement”), dated as of
[            ] [    ], 20[    ], is entered into by and between [            ], a
                     (“Owner”), and INLAND AMERICAN INDUSTRIAL MANAGEMENT LLC, a Delaware limited liability company (the
“Property Manager”). Reference is made to that certain Amended and Restated Master Management Agreement, dated as of February 28, 2014 (the “Master Management Agreement”), by and among Inland American Real
Estate Trust Inc. and the Property Manager, the terms of which are incorporated herein by reference. Capitalized terms used but not defined herein have the meanings given to them in the Master Management Agreement. 

In consideration of the mutual covenants and conditions herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Owner hereby employs the Property Manager to collect
rent, operate and manage the property commonly known as and located in and legally described on Exhibit A attached hereto and made a part hereof (the “Premises”), upon the terms and conditions hereinafter set
forth. The term of this Agreement (the “Term”) shall commence on the date the Property Owner takes title to the Premises (the “Commencement Date”) and shall end on the date that is the last day of the month
that is twelve (12) months after the Commencement Date. The Term shall automatically be renewed for one (1) period of twelve (12) months, unless terminated as provided hereby. 

2. EACH PARTY SHALL HAVE THE FOLLOWING TERMINATION RIGHTS: 

(a) Owner may terminate this Agreement if any one of the following occurs: 

(i) The Property Manager commits a material breach of any representation, warranty, term, covenant or condition set forth in
this Agreement and such breach is not cured within thirty (30) days after written notice from Owner. The notice shall specify the nature of the breach in reasonable detail. Notwithstanding the foregoing, if the Property Manager has
promptly commenced to cure the breach within the initial 30-day period and is diligently pursuing the cure to completion, the Property Manager shall have, to the extent necessary, an additional thirty (30) days to cure the breach before Owner
may terminate this Agreement. 
 (ii) The Property Manager engages in any act of fraud, misappropriation of funds or
embezzlement, or the Property Manager commits any act of gross negligence or willful misconduct in the performance of its obligations under this Agreement; provided, however, if such conduct is committed by any individual

 
other than any executive, Owner shall have no right to exercise such termination right if the Property Manager immediately terminates or causes the termination of such individual from employment
and makes Owner and the Premises whole for the actual financial loss resulting from such conduct. 
 (b) The Property Manager
may terminate this Agreement if any one of the following occurs: 
 (i) Owner commits a material breach of any
representation, warranty, term, covenant or condition set forth in this Agreement and such breach is not cured within thirty (30) days after written notice from the Property Manager. The notice shall specify the nature of the violation in
reasonable detail. Notwithstanding the foregoing, if Owner has promptly commenced to cure the violation within the initial 30-day period and is diligently pursuing the cure to completion, Owner shall have, to the extent necessary, an additional
thirty (30) days to cure the violation before the Property Manager may terminate. 
 (ii) A court of competent
jurisdiction enters a decree or order for relief in respect of Owner in any involuntary case under the applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appoints a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of Owner or for any substantial part of any of its respective property or orders the winding up or liquidation of Owner’s affairs. 

(iii) Owner commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, or consents to the entry of an order for relief in an involuntary case under any such law, or consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of
Owner, or for any substantial part of its property, or makes any general assignment for the benefit of creditors, or fails generally to pay its debts, as they become due. 

(iv) There is a dissolution and winding up of the Owner. 

(c) This Agreement shall automatically terminate if any one of the following occurs: 

(i) The Master Management Agreement is terminated, effective as of the date of such termination.

(ii) There is a sale of the Premises or a transfer of control of Owner. For purposes hereof, the acquisition by any
individuals, entity, group or person (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, or any successor provision (the “Exchange Act”)), including any group
acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than the Property Manager, any of its affiliates or any affiliates of Owner, in a single
transaction or in a related series of transactions, by way of merger, 

  
 B-2 

 
consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of fifty percent (50%) or more of the total
voting power of the voting capital interests of Owner shall constitute a transfer of control of Owner. This Agreement shall terminate effective as of the date the Premises is sold or the effective date of the transfer of control of Owner, as
applicable, and all monies due and owing to the Property Manager shall be paid. 
 3. THE PROPERTY MANAGER COVENANTS AND AGREES: 

3.1 To accept the management of the Premises, to the extent, for the period and upon the terms herein provided and agrees to furnish the
services of its organization in connection with collecting rent, operating and managing the Premises, and, without limiting the generality of the foregoing, the Property Manager agrees to be responsible for those specific duties and functions set
forth in Section 4. The Property Manager shall be entitled at all times to manage the Premises in accordance with the Property Manager’s standard operating policies and procedures, except to the extent that any specific
provisions contained herein are to the contrary, in which case the Property Manager shall manage the Premises consistent with the specific provisions of this Agreement. The Property Manager agrees to use its commercially reasonable efforts to
maintain the highest occupancy at the highest rents for each space comprising the Premises. 
 3.2 To assist in the preparation of and
provide information for (including, but not limited to, information regarding tenant recoveries, common area maintenance and taxes) those reports regarding the Premises identified on Exhibit B, which reports shall be made accessible to
Owner through a shared software system, and to remit to Owner, upon Owner’s request, the excess of Gross Income (as hereafter defined) over expenses paid pursuant to Section 4.4 (“Net Proceeds”). In the event
that expenses paid pursuant to Section 4.4 shall be in excess of Gross Income for any monthly period, the Property Manager shall notify Owner of same and Owner agrees to pay the excess amount immediately upon request from the Property
Manager, but nothing herein contained shall obligate the Property Manager to advance its own funds on behalf of Owner. All advances by the Property Manager on behalf of Owner shall be paid to the Property Manager by Owner within ten (10) days
after request. 
 3.3 The parties acknowledge that the annualized budget for the operation of the Premises has been prepared and approved
for the year commencing January 1, 2014 and ending December 31, 2014. The Property Manager will use its commercially reasonable efforts to operate the Premises pursuant to the annualized budget. To the extent expenses are not
Non-Controllable Expenses (as defined below), such expenses shall not exceed the aggregate budgeted amount of such expenses by an amount greater than 10% of such budget without Owner’s prior approval. The Property Manager shall assist Owner in
preparing 2015 budgets for operating of the Premises. Subject to the foregoing, Owner’s approval of the annualized budget shall constitute approval for the Property Manager to expend sums for all budgeted expenditures, without the necessity to
obtain approval of Owner under any other expenditure limitations as set forth elsewhere in this Agreement. “Non-Controllable Expenses” shall mean expenses related to insurance, taxes, utilities, snow removal, storm costs (to the extent not
covered by insurance), security and union wages. 
 3.4 To, subject to the terms of this Agreement, comply with and implement, as
applicable, any lawful direction or strategic plan approved by the Company’s Board of Directors and provided to the Property Manager. 

  
 B-3 

 4. OWNER AGREES, and does hereby give the Property Manager the following authority and powers
(all of which shall be exercised in the name of the Property Manager, as the Property Manager for Owner) and Owner agrees to assume and reimburse, as set forth herein, the Property Manager, its affiliates and agents for all expenses paid or incurred
in connection therewith: 
 4.1 To institute and prosecute actions to evict tenants and to recover possession of the Premises; with
Owner’s authorization, to sue for, in the name of Owner, and recover rent and other sums due; and, when expedient, to settle, compromise, and release any actions or suits, or reinstate such tenancies. Owner shall advance and/or shall reimburse
the Property Manager for all expenses of litigation including attorneys’ fees, filing fees and court costs that the Property Manager does not recover from tenants. The Property Manager may select an attorney to handle the litigation, with
Owner’s approval which shall not be unreasonably withheld or unduly delayed. The Property Manager may collect from tenants all or any of the following, all of which shall be considered Gross Income and included when calculating the
Management Fee and deposited into the Property Manager’s custodial account: a late rent administrative charge, a non-negotiable check charge, a credit report fee, a subleasing administrative charge or broker’s commission and all
administrative charges actually collected from tenants in connection with annual common area maintenance reconciliations and tenant charge backs for same; provided, that upon Owner’s reasonable request, the Property Manager shall provide
separate accountings for all such charges and other components of Gross Income. 
 4.2 To hire, supervise, discharge and pay salary and
benefit expenses for all labor required for the operation and maintenance of the Premises including, but not limited to, on-site personnel, property managers, assistant property managers, engineers, janitors, maintenance supervisors and other
employees required for the operation and maintenance of the Premises, including personnel spending a portion of their working hours (to be charged on a pro rata basis) at the Premises; provided, however, that, for the avoidance
of doubt, such expense shall not include reimbursement for those employees performing the Assumed Functions. All expenses of such employment shall be deemed operating expenses of the Premises. To make or cause to be made all ordinary repairs and
replacements necessary to preserve the Premises in its present condition and for the operating efficiency thereof and all alterations required to comply with lease requirements; to negotiate and enter into, as the Property Manager for Owner of the
Premises, contracts for all items on budgets that have been approved by Owner, any emergency services or repairs for items not exceeding $20,000.00, appropriate service agreements and labor agreements for normal operation of the Premises, which
shall have terms not to exceed three years, and agreements for all budgeted maintenance, minor alterations and utility services, including, but not limited to, electricity, gas, fuel, water, telephone, window washing, scavenger service, landscaping,
snow removal, pest exterminating and legal services in connection with the service agreements relating to the Premises, and other services or such of them as the Property Manager may consider appropriate; and to purchase supplies and pay all
bills. The Property Manager shall use its commercially reasonable efforts to obtain the foregoing services and utilities for the Premises at the most economical costs and terms available to the Property Manager. 

  
 B-4 

 Owner hereby appoints the Property Manager as Owner’s authorized Property Manager for the
purpose of executing, as the managing Property Manager for Owner, those agreements described in this Section 4.2; provided, however, that, for the avoidance of doubt, the Property Manager shall not be entitled to enter into
contracts with respect to the Assumed Functions. In addition, Owner agrees to specifically assume in writing all obligations under all agreements so entered into by the Property Manager, on behalf of Owner, upon the termination of this
Agreement and Owner shall indemnify, protect, save, defend and hold the Property Manager and all of its affiliates, and their respective shareholders, members, officers, directors, employees, successors and assigns harmless from and against any and
all claims, causes of action, demands, suits, proceedings, loss, judgments, damage, awards, liens, fines, costs, attorneys’ fees and expenses of every kind and nature whatsoever, resulting from events arising out of or in any way related to
those agreements and which arise out of events occurring after termination of this Agreement, but excluding matters arising out of the Property Manager’s misconduct, negligence, malfeasance or unlawful acts. The Property Manager shall have the
right from time to time during the Term to contract with and make purchases from its affiliates and third party agents; provided that contract rates and prices are competitive with other available sources. The Property Manager may at any
time, and from time to time, request and receive the prior written authorization of Owner of the Premises for any one or more purchases or other expenditures, notwithstanding that the Property Manager may otherwise be authorized hereunder to make
such purchases or expenditures. 
 4.3 To collect Gross Income and give receipts therefore and to deposit all such Gross Income collected
hereunder and under the Property Manager’s custodial accounts which the Property Manager will open and maintain, in a state or national bank and account of the Owner’s choice and whose deposits are insured by the Federal Deposit Insurance
Corporation (provided the funds shall not be required to be deposited in an insured account), exclusively for the Premises and any other properties owned by Owner (or any entity that is owned or controlled by Owner) and managed by the Property
Manager; provided, however, if Owner directs the Property Manager to change a custodial account that exists on the date hereof, the Property Manager shall have a reasonable time (but in no event longer than 90 days) to implement the
new custodial account and integrate it with the Property Manager’s automated payment systems. Owner agrees that the Property Manager shall be authorized to maintain a reasonable minimum balance (to be determined jointly from time to time) in
the custodial account. The Property Manager may endorse any and all checks received in connection with the operation of the Premises and drawn to the order of Owner and Owner shall, upon request, furnish the Property Manager’s depository with
an appropriate authorization for the Property Manager to make the endorsement. For purposes hereof, “Gross Income” means all rents, assessments and other items, including, but not limited to, the following, to the extent applicable: the
aggregate amount of any and all tenant payments for real estate taxes, property liability and other insurance, damages and repairs, common area maintenance, tax reduction fees and all other tenant reimbursements, administrative charges, proceeds of
rental interruption insurance, parking fees, income from coin operated machines and other miscellaneous income collected by or paid to the Property Manager. For purposes of calculating the Management Fee, Gross Income specifically includes late
rent administrative charges, non-negotiable check charges, credit report fees, 

  
 B-5 

 
subleasing administrative charges, and all administrative charges actually collected from tenants in connection with annual common area maintenance reconciliations and tenant charge backs for
same. 
 4.4 To pay all expenses of the Premises from the Gross Income collected in accordance with Section 4.3 hereof from the
Property Manager’s custodial account. It is understood that, except as otherwise provided in any mortgage, loan or other instrument evidencing indebtedness secured by the Premises, Gross Income will be used first to pay the compensation to the
Property Manager as contained in Section 6 hereof, then to the advancement or reimbursement of expenses incurred by the Property Manager pursuant to Section 4.1 and Section 2(e) of the Master Management Agreement,
then insurance premiums for policies required under Section 5.1, operational expenses and then any mortgage indebtedness, including real estate tax and insurance impounds, to the extent sufficient Gross Income is available for such
payments. 
 4.5 Nothing in this Agreement shall be interpreted to obligate the Property Manager to pay from Gross Income any expenses
incurred by Owner prior to the commencement of this Agreement, except to the extent (i) the Property Manager was obligated to pay such expenses pursuant to the terms of a prior management agreement between Owner and the Property Manager,
including, without limitation, the Prior Agreements (as defined in the Master Management Agreement) or (ii) Owner advances additional funds to pay the expenses. 

4.6 To collect and handle tenants’ security deposits, including the right to apply the security deposits to unpaid rent and to comply, on
behalf of Owner, with applicable state or local laws concerning security deposits and interest thereon, if any. 
 4.7 The Property Manager
shall not be required to advance any of its own money for the care or management of the Premises, and Owner agrees to advance all money necessary therefor. If the Property Manager shall elect to advance any of its own money in connection with care
or management of the Premises, Owner agrees to reimburse the Property Manager in accordance with Section 3.2 and Section 4.1 above. 

4.8 To handle all steps necessary regarding any claim for insured losses or damages; provided that the Property Manager will not make
any adjustments or settlements in excess of $50,000.00 without Owner’s prior written consent. 
 4.9 Upon receiving the prior written
consent of Owner, any or all of the duties of the Property Manager as contained herein may be delegated by the Property Manager and performed by an affiliate or third-party agent (a “SubProperty Manager”) with whom the Property
Manager contracts for the purpose of performing such duties. The Property Manager shall have the authority to enter management agreements with any Owner approved SubProperty Manager; provided that Owner shall not be a party to such Agreements
and have no liability or responsibility to any SubProperty Manager for the payment of the SubProperty Manager’s fee or for reimbursement to the SubProperty Manager of its expenses or to indemnify the SubProperty Manager in any manner for any
matter; and provided, further that that the Property Manager shall remain responsible for providing such duties in accordance with the terms hereof and indemnify Owner for all loss, damage or claims incurred by Owner as a result of the
willful misconduct, negligence, malfeasance or unlawful acts of the SubProperty Manager. 

  
 B-6 

 5. OWNER FURTHER AGREES: 

5.1 To protect, defend, indemnify and hold harmless the Property Manager, its affiliates and each of their respective officers, directors,
managers, members and employees, from and against any and all Claims in connection with or any way related to the Premises or arising out of the performance by the Property Manager of its obligations and duties hereunder in accordance with the terms
hereof; provided, however, that for the avoidance of doubt, the Owner shall not be obligated to indemnify the Property Manager from any Claims arising out of or relating to (A) any act or omission of the Property Manager or any of
its agents, officers, employees or representatives which act or omission is negligent or misconduct, in breach of this Agreement or the Management Agreement or outside the scope of the Property Manager’s authority as provided herein or
(B) any of the Property Manager employee-related Claims, including, but not limited to, Claims of discrimination, sexual harassment, other harassment, non-promotion, non-hire, wrongful termination or retaliation. Owner agrees to procure, with
assistance from the Property Manager, and pay for, at Owner’s expense, public liability insurance, fire and extended coverage insurance, burglary and theft insurance, rental interruption insurance, flood insurance (if appropriate) and boiler
insurance (if appropriate) naming Owner and the Property Manager as insured parties and adequate to protect their respective interests and in form, substance, and amounts reasonably satisfactory to the Property Manager, and to furnish (with the
assistance of the Property Manager or its affiliates), if requested, to the Property Manager, certificates and policies evidencing the existence of this insurance. The premiums for all insurance maintained by Owner shall be paid by either Owner
directly or, provided sufficient Gross Income is available, by the Property Manager from Gross Income. Unless Owner shall provide such insurance and furnish such certificates and policies within ten (10) days after the Property
Manager’s request (provided that Property Manager or its affiliates cooperates in furnishing such certificates and policies), the Property Manager may, in its sole discretion, but shall not be obligated to, purchase such insurance and charge
the cost thereof to the account of Owner. All insurance policies shall provide that the Property Manager shall receive thirty (30) days’ written notice prior to cancellation of the policy. The Property Manager shall not be liable for
any error of judgment or for any mistake of fact or law, or for any thing that it may do or refrain from doing, except in cases of negligence or misconduct on the part of the Property Manager. 

5.2 Owner hereby warrants and represents to the Property Manager that to the best of Owner’s knowledge, neither the Premises, nor any
part thereof, has previously been or is presently being used to treat, deposit, store, dispose of or place any hazardous substance that may subject the Property Manager to liability or claims under the Comprehensive Environmental Response,
Compensation and Liability Act of 1980 (42 U.S.C. Section 9607) or any constitutional provision, statute, ordinance, law or regulation of any governmental body or of any order or ruling of any public authority or official thereof, having or
claiming to have jurisdiction of the Premises. Furthermore, Owner agrees to indemnify, protect, defend, save and hold the Property Manager and all of its affiliates, and their respective shareholders, members, officers, directors, managers,
employees, successors and assigns harmless from any and all claims, causes of action, demands, suits, proceedings, liabilities, losses, judgments, damage, awards, liens, 

  
 B-7 

 
fines, costs, attorneys’ fees and expenses of every kind and nature whatsoever, involving, concerning or in any way related to any past, current or future allegations regarding treatment,
depositing, storage, disposal or placement by any party other than the Property Manager or its affiliates of hazardous substances on the Premises. 

5.3 Nothing in this Section 5 or otherwise in this Agreement or any agreement executed by Owner in connection with this Agreement
shall require Owner or a subsidiary of Owner to limit the liability of, waive any claims against, or indemnify and hold harmless any person or entity except to the extent Owner or that subsidiary is permitted by Section 6 of the Master
Management Agreement to so limit, waive, indemnify or hold harmless, as applicable. 
 6. OWNER AGREES TO PAY THE PROPERTY MANAGER, AS A
MONTHLY MANAGEMENT FEE HEREUNDER FOR MANAGING THE PREMISES DIRECTLY OR THROUGH ITS AFFILIATES OR AGENTS, an amount equal to      percent (    %) of Gross Income (the “Management Fee”) [insert
as appropriate – 4.00% for multi-tenant or 2.25% for single tenant] subject to change as set forth below, which shall be deducted monthly by the Property Manager and retained by the Property Manager from Gross Income prior to payment of the
expenses set forth in Section 4.4 and the payment to Owner of Net Proceeds. The Management Fee shall be compensation for all services specified in the Master Management Agreement, this Agreement and otherwise provided by the Property
Manager in connection with collecting rent, operating and managing the Premises. Any services beyond those specified herein, such as sales brokerage, construction management, loan origination and servicing, property tax reduction and risk management
services, shall be performed by the Property Manager and compensated by Owner only if the parties agree on the scope of the services to be performed; provided that the compensation to be paid therefor will not exceed ninety percent (90.0%) of
the market rate that would be paid to unrelated parties providing these services; provided, further that all compensation must be approved by a majority of the independent directors of Owner, which approval Owner shall promptly request
and recommend. Owner acknowledges and agrees that the Property Manager may pay or assign all or any portion of its Management Fee to SubProperty Manager as described in Section 4.9. If the Property Manager or Owner determines that the
Property has changed its classification as a single-tenant site, multi-tenant site, it shall notify the other party in writing. If the parties mutually agree that the classification has changed, the parties will amend this Agreement to reflect a
change in the classification and the compensation due to the Property Manager as set forth in the Master Management Agreement. 

  
 B-8 

 7. IT IS MUTUALLY AGREED THAT: 

7.1 Owner shall designate one (1) person to serve as its representative (“Owner’s Representative”) in all dealings
with the Property Manager hereunder. Whenever the notification and reporting to Owner or the approval, consent or other action of Owner is called for hereunder, any notification and reporting if sent to or specified in writing to Owner’s
Representative, and any approval, consent or action if executed by Owner’s Representative, shall be binding on Owner but only if approved by Owner’s board of directors or independent directors as may be required. Owner’s
Representative initially shall be: 
  

					
	 Name
	  	 Address

		
		  	2809 Butterfield Road
	Scott W. Wilton	  	Oak Brook, IL 60523
		  	Telephone:    (630)218-8000

 Owner’s Representative may be changed at the discretion of Owner, at any time and from time to time, and shall be
effective upon the Property Manager’s receipt of written notice of the new Owner’s Representative. 
 7.2 Owner expressly
withholds from the Property Manager any power or authority to make any structural changes in any building or to make any other major alterations or additions in, or to any such building or equipment therein, or to incur any expense chargeable to
Owner other than expenses related to exercising the express powers above vested in the Property Manager without the prior written direction of Owner’s Representative, except that the Property Manager shall make all emergency repairs, in
accordance with the terms hereof, as may be required to ensure the safety of persons or property, or which are immediately necessary for the preservation and safety of the Premises, or the safety of the tenants and occupants thereof or are required
to avoid the suspension of any necessary service to the Premises. 
 7.3 The Property Manager shall be responsible for notifying Owner in
the event the Property Manager receives a material written notice that any building or other improvement on the Premises or any equipment therein does not comply with the requirements of any statute, ordinance, law or regulation of any governmental
body or of any public authority or official thereof having or claiming to have jurisdiction thereover. The Property Manager shall promptly forward to Owner any material written complaints, warnings, notices or summonses received by the Property
Manager relating to these matters. Owner represents that to the best of its knowledge the Premises and such equipment comply with all such requirements and authorizes the Property Manager to disclose Owner’s identity to any officials and agrees
to indemnify, protect, defend, save and hold the Property Manager and its affiliates and each of their respective officers, directors, managers, shareholders, members and employees harmless of and from any and all losses which may be imposed on them
or any of them by reason of the failure of Owner to correct any present or future violations or alleged violations of any and all present or future laws, ordinances, statutes, or regulations of any governmental body or public authority or official
thereof, having or claiming to have jurisdiction over the Premises, of which it has actual notice. 
 7.4 In the event it is alleged or
charged that any building or other improvement on the Premises or any equipment therein or any act or failure to act by Owner with respect to the Premises or the sale, rental, or other disposition thereof fails to comply with, or is in violation of,
any of the requirements of any constitutional provision, statute, ordinance, law or regulation of any governmental body or any order or ruling of any public authority or official thereof having or claiming to have jurisdiction over the Premises, and
the Property Manager reasonably considers that the action or position of Owner, with respect thereto will result in material damage or material liability to the Property Manager, the Property Manager shall have the right to terminate this Agreement
by written notice to Owner of the Property 

  
 B-9 

 
Manager’s election so to do, which termination shall be effective upon delivery of the notice to Owner. Termination pursuant to this Section 7.4 shall not release the indemnities
of Owner set forth in this Agreement, including but not limited to, those set forth in Section 4.2, 5.1, 5.2, and 7.3 above and shall not terminate any liability or obligation of Owner to the Property Manager for any
payment, reimbursement or other sum of money then due and payable to the Property Manager hereunder. 
 7.5 Subject to the limitations set
forth herein, the personnel expenses of the Property Manager, as set forth in Section 4.2 hereof, shall be expenses incurred in connection with the Premises for purposes of Section 4.4 hereof. The number and classification of
employees serving the Premises shall be as determined by the Property Manager to be appropriate for the proper operation of the Premises; provided that Owner may request changes in the number and/or classification of employees, and the
Property Manager shall make all requested changes unless in its reasonable judgment the resulting level of operation and/or maintenance of the Premises will not allow the Property Manager to provide the services contemplated hereby in accordance
herewith. 
 7.6 Owner shall pay or reimburse the Property Manager, its affiliates or agents for all amounts due under this Agreement for
services and advances within ten (10) Business Days of termination of this Agreement. All provisions of this Agreement that require Owner or the Property Manager to have insured or to protect, defend, save, hold and indemnify the other shall
survive any expiration or termination of this Agreement and, if Owner or the Property Manager, as the case may be, is or becomes involved in any claim, proceeding or litigation by reason of having been the Property Manager or Owner, such provision
shall apply as if this Agreement were still in effect. 
 7.7 Nothing contained herein shall be construed as creating any rights in third
parties who are not the parties to this Agreement, nor shall anything contained herein be construed to impose any liability upon Owner or the Property Manager for the performance by Owner or the Property Manager under any other agreement they have
entered into or may in the future enter into, without the express written consent of the other having been obtained. Nothing contained in this Agreement shall be deemed or construed to create a partnership or joint venture between Owner and the
Property Manager or to cause either party to be responsible in any way for the debts or obligations of the other or any other party (but nothing contained herein shall affect the Property Manager’s responsibility to transmit payments for the
account of Owner as provided herein or the Owner’s obligation to the Property Manager to pay for reimbursements to the Property Manager) it being the intention of the parties that the only relationship hereunder is that of agent and principal.

 7.8 Wherever possible, each provision of this Agreement shall be interpreted in a manner as to be effective and valid under applicable
law, but if any provision of this Agreement shall be prohibited or invalid under applicable law, the provision shall be ineffective only to the extent of the prohibition or invalidity, without invalidating the remainder of the provision or the
remaining provisions of this Agreement. This Agreement, its validity, performance and enforcement shall be construed in accordance with, and governed by, the internal laws of the state in which the Premises are located without regard to that
state’s conflicts of law principles. The foregoing notwithstanding, if any provision hereof reducing, eliminating or delaying the payment of the Management Fee is held ineffective or invalid, the Property Manager may terminate this Agreement
upon written notice to the Owner. 

  
 B-10 

 7.9 This Agreement shall be binding upon the successors and assigns of the Property Manager and
the permitted successors and assigns of Owner. No party may assign this Agreement or any of its rights, interests and obligations hereunder without the prior written consent of the other party; provided such consent shall not be
unreasonably withheld or delayed. This Agreement contains the entire Agreement of the parties relating to the subject matter hereof, and there are no understandings, representations or undertakings by either party except as herein contained. This
Agreement may not be modified or assigned except by a written agreement executed by both parties hereto. 
 7.10 If any party hereto
defaults under the terms or conditions of this Agreement, the defaulting party shall pay the non-defaulting party’s court costs and attorneys’ fees incurred in the enforcement of any provision of this Agreement. 

7.11 The failure of either party to this Agreement to, in anyone or more instances, insist upon the performance of any of the terms, covenants
or conditions of this Agreement, or to exercise any rights or privileges conferred in this Agreement, shall not be construed as thereafter waiving any such terms, covenants, conditions, rights or privileges, but the same shall continue in full force
and effect as if no the forbearance or waiver had occurred. 
 7.12 This Agreement is deemed to have been drafted jointly by the parties,
and any uncertainty or ambiguity shall not be construed for or against either party as an attribution of drafting to either party. 
 7.13
All notices, requests or demands to be given under this Agreement from one party to any other party (collectively, “Notices” and individually a “Notice”) shall be in writing and shall be given by (i) personal
delivery, (ii) overnight courier service for next Business Day (as defined below) delivery at the other party’s address set forth below or (iii) telecopy transmission at the other party’s facsimile telephone number set forth
below. Notices given by personal delivery (i.e., by the sending party or messenger) shall be deemed given on the date of delivery. Notices given by overnight courier service shall be deemed given upon deposit with such overnight courier;
provided that the deposit occurs prior to the deadline imposed by such service for overnight delivery, otherwise delivery shall be deemed to occur on the next succeeding Business Day. Notices given by telecopy transmission shall be deemed
given on the date of transmission provided such transmission is completed by 5:00 p.m. central time on a Business Day, otherwise such delivery shall be deemed to occur on the next succeeding Business Day. If any party’s address is a business,
receipt, or the refusal to accept delivery, by a receptionist or by any person in the employ of such party, shall be deemed actual receipt by the party of Notices and rejected or refused delivery shall constitute valid delivery. “Business
Day” shall mean any day other than Saturday, Sunday or any other day on which national banks are required or are authorized to be closed in Chicago, Illinois. Notices may be issued by an attorney for a party and in such case such Notices
shall be deemed given by such party. The parties’ addresses are as follows. 

  
 B-11 

					
	If to Owner or Owner’s Representative, to:	  	Inland American Real Estate Trust, Inc.
		  	2809 Butterfield Road
		  	Oak Brook, IL 60523
		  	Attention:	  	Scott W. Wilton
		  	Telephone:	  	(630) 218-8000
		
	If to Property Manager, to:	  	Inland American Industrial Management, LLC
		  	2901 Butterfield Road
		  	Oak Brook, IL 60523
		  	Attention:	  	President
		  	Telephone:	  	(630) 218-8000

 A party’s address for Notice may be changed from time to time by Notice given to the other party in the manner herein
provided for giving notice. Copies of Notices are for informational purposes only, and a failure to give or receive copies of any Notice shall not be deemed a failure to give notice, and shall in no way adversely affect the effectiveness of such
Notice given to the addressee party. 

  
 B-12 

 WHEREFORE, the undersigned have executed this Agreement by their duly authorized officers or
representatives as of the date first above written. 
  

									
	THE PROPERTY MANAGER:	 		 	OWNER:
			
	INLAND AMERICAN INDUSTRIAL MANAGEMENT LLC, a Delaware limited liability company	 		 	[                    ]
					
	By:	 	  
	 		 	By:	 	  

		 	Thomas A. Lithgow	 		 	Name:	 	  

		 	President	 		 	Its:	 	  

 [Signature Page to Management Agreement for the Premises known as
                    ] 

  
 B-13 

 Exhibit A 

[Description of the Premises to be Inserted] 

  
 A-1 

 Exhibit B 

[Description of Reports to be Inserted] 

  
 B-1EX-10.2

 Exhibit 10.2 

RUBICON TECHNOLOGY, INC. 

2007 STOCK INCENTIVE PLAN 

(As Amended and Restated Effective March 23, 2011) 

ARTICLE 1 
 Establishment
and Purposes of the Plan. 
 The Company established the Plan and the Board duly adopted the Plan originally on August 29, 2007. The
Plan was amended and restated on February 27, 2009. The Plan was further amended and restated on December 8, 2009. The Plan was subsequently amended on June 23, 2010 and further amended and restated on March 23, 2011, subject to
the approval of the Company’s stockholders. 
  

	1.1	Purposes of the Plan. The purposes of this Plan are: 

  

	 	(a)	to attract and retain the best available personnel for positions of substantial responsibility; 

  

	 	(b)	to provide additional incentive to Employees, Directors and Consultants; and 

  

	 	(c)	to promote the success of the Company’s business. 

 ARTICLE 2 

Definitions 
  

	2.1	As used herein, the following terms shall have the meanings set forth below, unless otherwise clearly required by the context: 

  

	 	(a)	“Adverse Conduct” means, for purposes of Article 14, any of the following: 

  

	 	(1)	In the case of an Awardee who is an Employee, the Awardee’s rendering of services for any organization or engaging directly or indirectly in any business which is or becomes competitive with the Company, or which
organization or business, or the rendering of services to such organization or business, is or becomes otherwise prejudicial to or in conflict with the interests of the Company in violation of any noncompetition or other similar agreement between
the Company and the Employee; 

  

	 	(2)	An Awardee’s unauthorized disclosure to anyone outside the Company, or the use in other than the Company’s business, of any confidential information or material relating to the business of the Company,
acquired by the Awardee either during or after employment with the Company or either during or after having provided services to the Company as a Consultant; 

  

	 	(3)	An Awardee’s failure or refusal to disclose promptly and to assign to the Company, all right, title and interest in any invention or idea, patentable or not, made or conceived by the Awardee during employment by
the Company, relating in any manner to the actual or anticipated business, research or development work of the Company or the failure or refusal to do anything reasonably necessary to enable the Company to secure a patent where appropriate in the
United States and in other countries where the Awardee has a legal obligation to so disclose, assign or take such actions; 

	 	(4)	Activity by the Awardee that results in termination of the Awardee’s employment or services for the Company for Cause; 

  

	 	(5)	An Awardee’s violation of any written Company rules, policies, procedures or guidelines regarding business conduct, where such rules, policies, procedures or guidelines have been distributed or made available to
the Awardee; or 

  

	 	(6)	Any attempt directly or indirectly to induce any employee of the Company to be employed or perform services elsewhere or any attempt directly or indirectly to solicit the trade or business of any current or prospective
customer, supplier or partner of the Company in violation of any noncompetition or other similar agreement between the Company and the Employee. 

  

	 	(b)	“Applicable Laws” means the requirements relating to the administration of stock incentive plans under U.S. state corporate laws, rules and regulations, U.S. federal and state securities laws, rules and
regulations, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. 

 

	 	(c)	“Award” means an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Award or Bonus Shares granted under the Plan. 

 

	 	(d)	“Award Agreement” means a written or electronic agreement between an Awardee and the Company evidencing the terms and conditions of an Award granted pursuant to the Plan. An Award Agreement is subject
to the terms and conditions of the Plan. 

  

	 	(e)	“Awardee” means the Service Provider-recipient of an outstanding Award granted under the Plan. 

  

	 	(f)	“Board” means the Board of Directors of the Company. 

  

	 	(g)	“Bonus Shares” means Shares that are granted to a Service Provider pursuant to Article 11 of the Plan without cost and without restrictions in recognition of past performance (whether determined by
reference to another employee benefit plan of the Company or otherwise) or as an incentive to become a Service Provider of the Company or a Subsidiary. 

  

	 	(h)	“Cause” means, unless otherwise defined for a particular Awardee in an Award Agreement or in an employment or consulting agreement between the Company and such Awardee which addresses the effect of a
termination for Cause (as therein defined) on benefits hereunder: 

  

	 	(1)	an Awardee’s commission of a felony or other crime involving fraud, dishonesty or moral turpitude; 

  

	 	(2)	an Awardee’s willful or reckless misconduct in the performance of the Awardee’s duties; 

  

	 	(3)	an Awardee’s habitual neglect of duties; provided, however that the Awardee is given at least ten (10) days prior written notice of such habitual neglect and the opportunity to cure any curable neglect; or

  
 2 

	 	(4)	an Awardee’s breach or violation of any agreement between the Awardee and the Company, including but not limited to any noncompetition, nonsolicitation, or nondisclosure undertaking, or of any Company policy.

 Notwithstanding the foregoing, for purposes of clauses (2) and (3) above, Cause shall not include bad judgment or
negligent acts not amounting to habitual neglect of duties. An Awardee who agrees to resign his affiliation with the Company or a Subsidiary in lieu of being terminated for Cause may be deemed to have been terminated for Cause for purposes of this
Plan. 
  

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

  

	 	(1)	Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of
securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities; 

 

	 	(2)	The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; 

  

	 	(3)	A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” means directors who
either (A) are Directors as of the Effective Date, or (B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but
will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company); or 

 

	 	(4)	The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of
the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 

  

	 	(j)	“Code” means the Internal Revenue Code of 1986, as amended, and any regulations and rulings thereunder. 

  

	 	(k)	“Committee” means the Board or the committee of the Board designated by the Board to administer this Plan in accordance with Article 4 of the Plan. 

 

	 	(l)	“Common Stock” means the common stock, $0.001 par value, of the Company. 

  

	 	(m)	“Company” means Rubicon Technology, Inc., a Delaware corporation. 

  
 3 

	 	(n)	“Consultant” means a natural person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services to such entity (other than an Employee or Director). 

 

	 	(o)	“Date of Grant” means the date on which the Committee completes the corporate action granting an Award or such other later date following the completion of such corporate action as is established by the
Committee and set forth in the Award Agreement. Notice of a grant shall be provided to each Awardee within a reasonable time after the date of such grant. 

  

	 	(p)	“Director” means a member of the Board. 

  

	 	(q)	“Disability” or “Disabled” means: 

  

	 	(1)	as to an Incentive Stock Option, a total and permanent disability as defined in Code Section 22(e)(3); 

  

	 	(2)	as to an Award (other than an Incentive Stock Option), that constitutes “deferred compensation” for purposes of Code Section 409A: 

 

	 	(A)	The Awardee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months; 

  

	 	(B)	The Awardee is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving
income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company; 

  

	 	(C)	The Awardee is determined to be totally disabled by the Social Security Administration; or 

  

	 	(D)	The Awardee is determined to be disabled under a disability insurance program applying the definition of disability set forth in either Subsection (A) or (C) of this definition; and 

 

	 	(3)	As to all other Awards, as determined by the Committee. 

  

	 	(r)	“Effective Date” means August 30, 2007. 

  

	 	(s)	“Employee” means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by
the Company shall be sufficient to constitute “employment” by the Company. 

  

	 	(t)	“Exchange Act” means the Securities Exchange Act of 1934, as amended, and any regulations and rulings thereunder. 

  
 4 

	 	(u)	“Fair Market Value” means, as of any date, the value of Common Stock determined as follows: 

  

	 	(1)	If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the NASDAQ Global Market, The NASDAQ Global Select Market or The NASDAQ Capital Market of The
NASDAQ Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the time of determination, as
reported in The Wall Street Journal or such other source as the Committee deems reliable; 

  

	 	(2)	If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share of Common Stock shall be the mean between the high bid and low asked prices
for the Common Stock on the last market trading day prior to the day of determination, as reported in The Wall Street Journal or such other source as the Committee deems reliable; 

 

	 	(3)	The price per share at which Shares are initially offered for sale to the public by the Company’s underwriters in the Initial Public Offering of the Common Stock pursuant to a registration statement filed with the
SEC under the Securities Act if the Award is made on the effective date of such registration statement; or 

  

	 	(4)	In the absence of an established market for the Common Stock, the Fair Market Value shall be determined in good faith by the Committee by the reasonable application of a reasonable valuation method. 

 

	 	(v)	“Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Code Section 422. 

 

	 	(w)	“Initial Public Offering” means the underwritten initial public offering of Common Stock that is registered under the Securities Act. 

 

	 	(x)	“Modification” means any change in the terms of an Option or a Stock Appreciation Right (or change in the terms of the Plan or applicable Option or Stock Appreciation Right agreement) that may provide
the holder of the Option or Stock Appreciation Right with a direct or indirect reduction in the exercise price of the Option or Stock Appreciation Right, or an additional deferral feature, or an extension or renewal of the Option or Stock
Appreciation Right, regardless of whether the holder in fact benefits from the change in terms. 

  

	 	(1)	An extension of an Option or Stock Appreciation Right refers to the granting to the holder of an additional period of time within which to exercise the Option or Stock Appreciation Right. 

 

	 	(2)	A renewal of an Option or Stock Appreciation Right is the granting by the Company of the same rights or privileges contained in the original Option or Stock Appreciation Right on the same terms and conditions.

  
 5 

	 	(3)	Notwithstanding the foregoing provisions of this Section 2.1(x), it is not a Modification of an Option or Stock Appreciation Right to provide an additional period of time within which to exercise the Option or
Stock Appreciation Right if such additional period of time ends no later than (i) the original term of the Option or Stock Appreciation Right, or (ii) ten (10) years, and it is not a Modification to change the terms of an Option or
Stock Appreciation Right in any of the ways or for any of the purposes specifically described in applicable Treasury Regulations under Code Section 409A as not resulting in a modification, extension or renewal of a stock right, or the granting
of a new stock right, for purposes of that section. 

  

	 	(y)	“Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option. 

  

	 	(z)	“Notice of Grant” means a written or electronic notice evidencing certain terms and conditions of an individual Award grant. The Notice of Grant is part of the Award Agreement. 

 

	 	(aa)	“Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act. 

 

	 	(bb)	“Option” means a stock option granted under the Plan pursuant to Article 6 of the Plan. 

  

	 	(cc)	“Option Agreement” means an Award Agreement between the Company and an Optionee evidencing the terms and conditions of an individual Option granted to the Optionee pursuant to the Plan. The Option
Agreement is subject to the terms and conditions of the Plan. 

  

	 	(dd)	“Optioned Stock” means the Common Stock subject to an Option. 

  

	 	(ee)	“Optionee” means the holder of an outstanding Option granted under the Plan. 

  

	 	(ff)	“Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code. 

 

	 	(gg)	“Performance Award” means an Award granted under the Plan pursuant to Article 10 of the Plan. 

  

	 	(hh)	“Performance Factors” means the performance of the Company or any Subsidiary, division, business unit or individual using one of the following measures, either on an operating or GAAP basis where
applicable, and including measuring the performance of any of the following relative to a defined peer group of companies: revenue; net revenue; revenue growth; net revenue growth; earnings (including on a per share basis); earnings growth rate
(including on a per share basis); earnings before interest, taxes, depreciation and amortization (“EBITDA”); total stockholder return; profitability; return on equity; return on capital; return on assets, cash flow, including free
cash flow; cost savings; process improvement goals; achievement of balance sheet or income statement objective goals; product units shipped; and capital expenditures. When establishing Performance Factors for a Performance Period, the Committee may
exclude any or all “extraordinary items” as determined under U.S. generally accepted accounting principles, including without limitation, the charges or costs associated with restructurings of the Company, discontinued operations, other
unusual or nonrecurring items, and the cumulative effects of accounting changes. 

  
 6 

	 	(ii)	“Performance Period” means the period of 12 months or longer, but not exceeding five years, established by the Committee in connection with the grant of an Award for which the Committee has established
performance objectives. 

  

	 	(jj)	“Plan” means this Rubicon Technology, Inc. 2007 Stock Incentive Plan, as amended from time to time. 

  

	 	(kk)	“Restricted Stock” means Shares granted under the Plan pursuant to Article 8 of the Plan. 

  

	 	(ll)	“Restricted Stock Agreement” means an Award Agreement between the Company and an Awardee evidencing the terms and conditions of a grant of Restricted Stock to the Awardee. The Restricted Stock Agreement
is subject to the terms and conditions of the Plan. 

  

	 	(mm)	“Restricted Stock Unit” means an Award granted under the Plan pursuant to Article 9 of the Plan. 

  

	 	(nn)	“Rule 16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 

 

	 	(oo)	“SEC” means the United States Securities and Exchange Commission, or any successor thereto. 

  

	 	(pp)	“Section 16(b)” means Section 16(b) of the Exchange Act. 

  

	 	(qq)	“Securities Act” means the Securities Act of 1933, as amended, and any regulations and rulings thereunder. 

  

	 	(rr)	“Service Provider” means an Employee, Director or Consultant. 

  

	 	(ss)	“Stock Appreciation Right” means a right to receive Shares or cash from the Company pursuant to Article 7 of the Plan. 

 

	 	(tt)	“Share” means a share of the Common Stock, as adjusted in accordance with Article 13 of the Plan. 

  

	 	(uu)	“Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as defined in Code Section 424(f). 

 

	 	(vv)	“Termination” means the termination of an Awardee’s employment or service with the Company and all Subsidiaries. An Employee’s transfer between locations of the Company or between the Company,
its Parent, any Subsidiary, or any successor does not constitute a Termination. A Service Provider for a Subsidiary shall, however, incur a Termination if the Subsidiary ceases to be a Subsidiary and the Service Provider does not immediately
thereafter become a Service Provider of the Company or another Subsidiary. 

  

	 	(1)	A Service Provider who is an Employee shall not incur a Termination in the case of any leave of absence approved by the Company, except, that: 

  
 7 

	 	(2)	For purposes of Incentive Stock Options, no leave of absence may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a
leave of absence approved by the Company is not so guaranteed, on the one hundred eighty-first (181st) day of such leave, any Incentive Stock Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be
treated for tax purposes as a Nonstatutory Stock Option. 

  

	 	(3)	For purposes of an Award (other than an Incentive Stock Option), that constitutes “deferred compensation” for purposes of Code Section 409A, if reemployment upon expiration of a leave of absence approved
by the Company is not guaranteed by statute or contract, the Awardee shall be deemed to have incurred a Termination on the one hundred eighty-first (181st) day of such leave. 

 

	2.2	In addition, certain terms used herein that are capitalized and set forth in quotes shall have the definitions ascribed to them in the first place in which they are used. 

 

	2.3	In applying the Plan’s definitions, the masculine shall include the feminine and the singular shall include the plural, and vice versa. 

ARTICLE 3 
 Type of Awards;
Shares Subject to the Plan 
  

	3.1	Types of Awards. The following types of Awards may be granted under the Plan: Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards, and Bonus Shares. Options granted
under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Committee at the time of grant. 

  

	3.2	Shares Subject to the Plan. Subject to adjustment as provided in Article 13 of the Plan, the maximum number of Shares which may be awarded or sold under the Plan is 4,407,692 Shares. All of the Shares that may be
issued under this Plan may be issued upon the exercise of Options that qualify as Incentive Stock Options. The Shares may be authorized, but unissued, or reacquired Common Stock. 

 

	 	(a)	If an Award covered by one or more Shares is settled in cash or is forfeited without the delivery of Shares, such Shares shall again become available for future grant or sale under the Plan (unless the Plan has been
terminated). 

  

	 	(b)	If an Option or Stock Appreciation Right expires or becomes unexercisable without having been exercised in full, the unpurchased Share or Shares which were subject thereto shall become available for future grant or sale
under the Plan (unless the Plan has terminated); provided, however, that Shares that have actually been issued under the Plan shall not be returned to the Plan and shall not become available for future distribution under the Plan; 

 

	 	(c)	If an Optionee tenders previously-acquired Shares in payment of the exercise price of an Option or if Shares are withheld in payment of the Option exercise price, the number of Shares represented thereby shall again be
available for further Awards under the Plan; 

  
 8 

	 	(d)	If a Stock Appreciation Right is exercised and settled in Shares, the difference between the total Shares exercised and the net Shares delivered shall again be available for further awards under the Plan; and

  

	 	(e)	If an Awardee tenders previously-acquired Shares in satisfaction of applicable tax withholding obligations, or if any Shares covered by an Award are not delivered to the Awardee because such Shares are withheld to
satisfy applicable tax withholding obligations, such Shares shall again be available for further Awards under the Plan. 

  

	3.3	Individual Award Limits. The maximum number of Shares with respect to which Awards (including but not limited to Options and Stock Appreciation Rights) may be granted in a single calendar year to an individual
Awardee (including Awards that are denominated in Shares but may be settled by payment of an equivalent amount in cash) may not exceed 300,000 Shares (except with respect to calendar year 2009, for which such maximum number of Shares for an
individual Awardee shall be 600,000). The maximum amount of Awards denominated in cash (including Awards that are denominated in cash but may be settled by payment of an equivalent amount in Shares) that may be granted in a single calendar year to
an individual Awardee may not exceed $2,400,000. 

  

	3.4	Substitute Awards. The Committee may grant Awards under the Plan in substitution for stock and stock based awards held by service providers of another corporation in connection with a merger or consolidation of
the other corporation with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or stock of the other corporation. The Committee may direct that the substitute Awards be granted on such terms and conditions as
the Committee considers appropriate in the circumstances. Such substitution of any outstanding stock option or stock appreciation right must satisfy the requirements of Treasury Regulation § 1.424-1 and Code Section 409A, as applicable.
Any substitute Awards granted under the Plan shall not count against the share limitation set forth in Section 3.2 of the Plan. 

ARTICLE 4 
 Administration
of the Plan 
  

	4.1	Procedure. 

  

	 	(a)	Multiple Administrative Bodies. The Board shall appoint a committee of the Board to administer the Plan. The committee so appointed may consist of the Board itself. 

 

	 	(1)	The Board may appoint different committees to administer the Plan with respect to different groups of Service Providers, in which case, the Board shall specify the duties and authority of each such committee, and, to
the extent such authority has been delegated by the Board, each such committee shall be the “Committee” for purposes of the Plan. 

  

	 	(2)	The Board may delegate to the Company’s chief executive officer all or part of the Committee’s duties with respect to Awards, including the granting thereof, to individuals who are not subject to the reporting
and other provisions of Section 16 of the Exchange Act or “covered employees” within the meaning of Code Section 162(m). To the extent such authority has been delegated by the Board, the Company’s chief executive officer
shall be the “Committee” for purposes of the Plan. 

  
 9 

	 	(3)	The Board may revoke or amend the terms of a delegation at any time but such action shall not invalidate any prior actions of the Board’s delegate or delegates that were consistent with the terms of the Plan.

  

	 	(4)	Unless expressly delegated, the Board has reserved to itself the authority to amend, alter, suspend or terminate the Plan. 

  

	 	(b)	Code Section 162(m). To the extent that the Committee determines it to be desirable to qualify Awards granted hereunder as “performance-based compensation” within the meaning of Code
Section 162(m), the Plan shall be administered by a Committee of two or more “outside directors” within the meaning of Code Section 162(m). 

  

	 	(c)	Rule 16b-3. To the extent that the Committee determines it to be desirable to qualify transactions hereunder as exempt under Rule 16b-3, the Plan shall be administered by a Committee of two or more
“non-employee directors” within the meaning of Rule 16-3 and the transactions contemplated hereunder shall be structured to satisfy the requirements for exemption under Rule 16b-3. 

 

	 	(d)	Exchange Requirements. To the extent required, the Plan shall be administered by a Committee of “independent directors” within the meaning of any applicable stock exchange rule. 

 

	4.2	Powers of the Committee. Subject to the provisions of the Plan and subject to the specific duties delegated by the Board to such Committee, the Committee shall have the authority, in its sole discretion:

  

	 	(a)	to determine type of Awards (i.e., Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards and/or Bonus Shares) to be granted hereunder; 

 

	 	(b)	to determine the Fair Market Value; 

  

	 	(c)	to select the Service Providers to whom Awards may be granted; 

  

	 	(d)	to determine the number of shares of Common Stock to be covered by each Award granted hereunder; 

  

	 	(e)	to approve forms of agreements for use under the Plan; 

  

	 	(f)	to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to: 

 

	 	(1)	in the case of an Option or Stock Appreciation Right, the time or times when Options may be exercised (which may be based on performance objectives); 

 

	 	(2)	in the case of a grant of Restricted Stock, the amount (if any) of the consideration to be paid by a Service Provider for such Restricted Stock; 

 

	 	(3)	any vesting acceleration or waiver of forfeiture restrictions with respect to Awards, and any restriction or limitation regarding any Award or the shares of Common Stock relating thereto, based in each case on such
factors as the Committee, in its sole discretion, shall determine; 

  
 10 

	 	(g)	to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; 

  

	 	(h)	to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax
laws; 

  

	 	(i)	to modify or amend each Award (subject to Article 16 of the Plan); 

  

	 	(j)	to allow Optionees to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Award that number of Shares having a Fair Market Value equal to the
amount required to be withheld. The Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by an Optionee to have Shares withheld for this purpose shall
be made in such form and under such conditions as the Committee may deem necessary or advisable; 

  

	 	(k)	to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Committee; 

 

	 	(l)	to cancel any unexpired or unpaid Options if at any time the Committee determines the Optionee is not in compliance with the terms and conditions (including, but not limited to any noncompete or nonsolicitation
provisions) of the Option Agreement related to such Options; and 

  

	 	(m)	to make all other determinations deemed necessary or advisable for administering the Plan. 

  

	4.3	Effect of Committee’s Decision. The Committee’s decisions, determinations and interpretations shall be final and binding on all Awardees and any other holders of Awards. No member of the Board or of any
of the Committees administering the Plan shall be liable for any action or determination made with respect to the Plan or any grant thereunder. 

  

	4.4	Repricing. 

  

	 	(a)	“Repricing” means, with respect to an Option or Stock Appreciation Right, any of the following: (i) the lowering of the exercise price after the Date of Grant; (ii) the taking of any other action
that is treated as a repricing under generally accepted accounting principles; or (iii) the cancellation of the Option or Stock Appreciation Right at a time when its exercise price (or, with respect to the Stock Appreciation Right, the Fair
Market Value of the Shares covered by the Stock Appreciation Right on the Date of Grant) exceeds the Fair Market Value of the underlying Shares in exchange for cash or any Award, unless the cancellation and exchange occurs in connection with a
Change in Control. 

  

	 	(b)	The Committee is prohibited from Repricing any Option or Stock Appreciation Right without the prior approval of the stockholders of the Company with respect to the proposed Repricing. 

  
 11 

 ARTICLE 5 

Eligibility 
  

	5.1	The Committee may grant Nonstatutory Stock Options, Restricted Stock, Restricted Stock Awards, Performance Awards, and Bonus Shares to all Service Providers. Incentive Stock Options may be granted only to Employees. The
provisions of Awards need not be the same with respect to each recipient. Each grant of an Award shall be confirmed by, and subject to the terms of an Award Agreement. 

ARTICLE 6 
 Options 

 

	6.1	Generally. Subject to the limitations of the Plan, the Committee may make grants of Options to Service Providers. 

  

	6.2	Designation As Either An Incentive Stock Option or As A Nonstatutory Stock Option; $100,000 Limitation. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a
Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any
calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds One Hundred Thousand Dollars ($100,000), such Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 6.2, Incentive Stock Options
shall be taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. 

 

	6.3	Option Term. The term of each Option shall be ten (10) years from the date of grant or such shorter term as may be provided in the Option Agreement. In the case of an Incentive Stock Option granted to an
Optionee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the
Incentive Stock Option shall be five (5) years from the date of grant or such shorter term as may be provided in the Option Agreement. 

  

	6.4	Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined by the Committee, subject to the following: 

 

	 	(a)	In the case of an Incentive Stock Option, 

  

	 	(1)	granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or
Subsidiary, the per Share exercise price shall be no less than one hundred ten percent (110%) of the Fair Market Value per Share on the Date of Grant. 

  

	 	(2)	granted to any Employee other than an Employee described in paragraph (1) immediately above, the per Share exercise price shall be no less than one hundred percent (100%) of the Fair Market Value per Share on
the Date of Grant. 

  
 12 

	 	(b)	In the case of a Nonstatutory Stock Option, the per Share exercise price shall be determined by the Committee; provided, however, that the per Share exercise price shall not be less than one hundred percent
(100%) of the Fair Market Value per Share on the Date of Grant. 

  

	6.5	Waiting Period and Exercise Dates. At the time an Option is granted, the Committee shall fix the period within which the Option may be exercised and shall determine any conditions which must be satisfied before
the Option may be exercised. 

  

	6.6	Form of Consideration. The Committee shall determine the acceptable form of consideration for exercising an Option, including the method of payment. Such consideration may consist entirely of: 

 

	 	(a)	cash; 

  

	 	(b)	check; 

  

	 	(c)	other Shares which (1) in the case of Shares acquired upon exercise of an Option, have been owned by the Optionee for more than six (6) months on the date of surrender, and (2) have a Fair Market Value on
the date of surrender equal to the aggregate exercise price of the Shares as to which said Option shall be exercised; 

  

	 	(d)	consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan to the extent permitted by Applicable Laws; 

 

	 	(e)	a reduction in the amount of any Company liability to the Optionee; 

  

	 	(f)	any combination of the foregoing methods of payment; or 

  

	 	(g)	such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws. 

In the case of an Incentive Stock Option, the Committee shall determine the acceptable form of consideration at the time of grant. 

 

	6.7	Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Committee and
set forth in the Option Agreement. Unless the Committee provides otherwise, vesting of any Option granted hereunder shall be tolled during any unpaid leave of absence. An Option may not be exercised for a fraction of a Share. 

 

	 	(a)	 An Option shall be deemed exercised when the Company receives: (i) written or electronic notice of exercise (in accordance with the Option
Agreement) from the person entitled to exercise the Option, (ii) full payment for the Shares with respect to which the Option is exercised, and (iii) any written representations, covenants, and undertakings that the Company may prescribe
in the Option Agreement. Full payment may consist of any consideration and method of payment authorized by the Committee and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an Option shall be issued in the name of the
Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of

  
 13 

	 	
the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Company
shall issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Article 13
of the Plan. 

  

	 	(b)	Exercising an Option in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

  

	 	(c)	The Committee may suspend the right to exercise a Stock Option at any time when the Committee determines that allowing the exercise and issuance of Stock would violate any federal or state securities or other laws. The
Committee may provide that any time periods to exercise the Stock Option are extended during a period of suspension. 

  

	6.8	Notification under Code Section 83(b). If the Optionee, in connection with the exercise of any Option, makes the election permitted under Code Section 83(b) to include in such Optionee’s gross
income in the year of transfer the amounts specified in Code Section 83(b), then such Optionee shall notify the Company of such election within ten (10) days of filing the notice of the election with the Internal Revenue Service, in
addition to any filing and notification required pursuant to regulations issued under Code Section 83(b). The Committee may, in connection with the grant of an Option or at any time thereafter prior to such an election being made, prohibit an
Optionee from making the election described above. 

  

	6.9	Buyout Provisions. Subject to Section 4.4, the Committee may at any time offer to buy out for a payment in cash or Shares an Option previously granted based on such terms and conditions as the Committee
shall establish and communicate to the Optionee at the time that such offer is made. 

  

	6.10	Modifications Generally Prohibited. Once granted, no Modification shall be made in respect to any Option if such Modification would result in the Option constituting a deferral of compensation or having an
additional deferral feature within the meaning of applicable Treasury Regulations under Code Section 409A. 

  

	6.11	Non-Transferability of Options. An Option that is an Incentive Stock Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent
or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee. Unless determined otherwise by the Committee, a Nonstatutory Stock Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of
in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee. If the Committee grants a Nonstatutory Stock Option that is transferable, the Option Agreement for such
Nonstatutory Stock Option shall contain such additional terms and conditions governing the Option’s transferability as the Committee deems appropriate. 

  

	6.12	Termination of Service Provider For Cause. If a Service Provider is terminated for Cause, any unexercised Option shall terminate effective immediately upon such termination. 

 

	6.13	 Disability of Optionee. If an Optionee ceases to be a Service Provider as a result of the Optionee’s Disability, the Optionee may exercise
his or her Option within such period of time as is specified in the Option Agreement to the extent the Option is vested and exercisable on the date 

  
 14 

	 	
of termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement); provided, however, that the time specified in the Option Agreement
shall not be less than six (6) months. In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Optionee’s termination. If, on the date of termination, the
Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan. If, after termination, the Optionee does not exercise his or her Option within the time specified herein, the
Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

  

	6.14	Death of Optionee. If an Optionee dies while a Service Provider, the Option may be exercised within such period of time as is specified in the Option Agreement (but in no event later than the expiration of the
term of such Option as set forth in the Notice of Grant), by the Optionee’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance, but only to the extent that the Option is vested and exercisable on the
date of death; provided, however, that the time specified in the Option Agreement shall not be less than six (6) months. In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for six (6) months
following the Optionee’s death. If, at the time of death, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately revert to the Plan. The Option may be exercised by
the executor or administrator of the Optionee’s estate or, if none, by the person(s) entitled to exercise the Option under the Optionee’s will or the laws of descent or distribution. If the Option is not so exercised within the time
specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

  

	6.15	For Any Other Reason. If an Optionee ceases to be a Service Provider, other than for Cause or upon the Optionee’s death or Disability, the Optionee may exercise his or her Option within such period of time
as is specified in the Option Agreement to the extent that the Option is vested and exercisable on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement); provided,
however, that the time specified in the Option Agreement shall not be less than thirty (30) days. In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for three (3) months following the
Optionee’s termination. If, on the date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time specified by the Committee, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

ARTICLE 7  
 Stock
Appreciation Rights 
  

	7.1	Generally. Subject to the limitations of the Plan, the Committee may grant Stock Appreciation Rights to Service Providers. Stock Appreciation Rights may be granted in connection with, and on the same Date of
Grant, as all or any part of an Option to a Service Provider or may be granted as a separate Award. 

  

	7.2	Stock Appreciation Rights Not Granted In Connection With Options. The following provisions apply to all Stock Appreciation Rights that are not granted in connection with Options: 

 

	 	(a)	 Described. A Stock Appreciation Right shall entitle the Awardee, upon exercise of all or any part of the Stock Appreciation Right, to receive
in exchange from the Company an amount equal to the excess of (x) the Fair Market Value on the date of exercise of the Shares covered by the surrendered Stock Appreciation Right over (y) the Fair Market

  
 15 

	 	
Value of the Shares on the Date of Grant of the Stock Appreciation Right. The Committee may not revise or amend a Stock Appreciation Right to reduce the Fair Market Value of the Stock
Appreciation Right on the Date of Grant, except as provided in Article 13 of the Plan. 

  

	 	(b)	Term. The term of each Stock Appreciation Right shall be ten (10) years from the Date of Grant or such shorter term as may be provided in the Award Agreement. No Stock Appreciation Right may be exercised
after the expiration of its term. 

  

	 	(c)	Waiting Period and Exercise Dates. At the time a Stock Appreciation Right is granted, the Committee shall fix the period within which the Stock Appreciation Right may be exercised and shall determine any
conditions which must be satisfied before the Stock Appreciation Right may be exercised. A Stock Appreciation Right may only be exercised at a time when the Fair Market Value of the Shares covered by the Stock Appreciation Right exceeds the Fair
Market Value of the Shares on the Date of Grant of the Stock Appreciation Right. 

  

	 	(d)	Exercise. Any Stock Appreciation Right granted hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Committee and set forth in the
Award Agreement. Unless the Committee provides otherwise, vesting of any Stock Appreciation Right granted hereunder shall be tolled during any unpaid leave of absence. A Stock Appreciation Right may not be exercised for a fraction of a Share.

  

	 	(e)	Effect of Exercise Upon Available Shares. Exercising a Stock Appreciation Right in any manner shall decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Stock
Appreciation Right, by the number of Shares as to which the Stock Appreciation Right is exercised. 

  

	 	(f)	Notification under Code Section 83(b). If the Awardee, in connection with the exercise of any Stock Appreciation Right, makes the election permitted under Code Section 83(b) to include in such
Awardee’s gross income in the year of transfer the amounts specified in Code Section 83(b), then such Awardee shall notify the Company of such election within ten (10) days of filing the notice of the election with the Internal
Revenue Service, in addition to any filing and notification required pursuant to regulations issued under Code Section 83(b). The Committee may, in connection with the grant of a Stock Appreciation Right or at any time thereafter prior to such
an election being made, prohibit an Awardee from making the election described above. 

  

	 	(g)	Buyout Provisions. Subject to Section 4.4, the Committee may at any time offer to buy out for a payment in cash or Shares a Stock Appreciation Right previously granted based on such terms and conditions as
the Committee shall establish and communicate to the Awardee at the time that such offer is made. 

  

	 	(h)	Non-Transferability of Stock Appreciation Rights. Unless determined otherwise by the Committee, a Stock Appreciation Right may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Awardee, only by the Awardee. If the Committee grants a Stock Appreciation Right that is transferable, the Award Agreement for such
Stock Appreciation Right shall contain such additional terms and conditions governing the Stock Appreciation Right’s transferability as the Committee deems appropriate. 

  
 16 

	 	(i)	Termination of Service Provider For Cause. If a Service Provider is terminated for Cause, any unexercised Stock Appreciation Right shall terminate effective immediately upon such termination. 

 

	 	(j)	Disability of Awardee. If an Awardee ceases to be a Service Provider as a result of the Awardee’s Disability, the Awardee may exercise his or her Stock Appreciation Right within such period of time as is
specified in the Award Agreement to the extent the Stock Appreciation Right is vested and exercisable on the date of termination (but in no event later than the expiration of the term of such Stock Appreciation Right as set forth in the Award
Agreement); provided, however, that the time specified in the Award Agreement shall not be less than six (6) months. In the absence of a specified time in the Award Agreement, the Stock Appreciation Right shall remain exercisable for twelve
(12) months following the Awardee’s termination. If, on the date of termination, the Awardee is not vested as to his or her entire Stock Appreciation Right, the Shares covered by the unvested portion of the Stock Appreciation Right shall
revert to the Plan. If after termination, the Awardee does not exercise his or her Stock Appreciation Right within the time specified herein, the Stock Appreciation Right shall terminate, and the Shares covered by such Stock Appreciation Right shall
revert to the Plan. 

  

	 	(k)	Death of Awardee. If an Awardee dies while a Service Provider, the Stock Appreciation Right may be exercised within such period of time as is specified in the Award Agreement (but in no event later than the
expiration of the term of such Stock Appreciation Right as set forth in the Notice of Grant), by the Awardee’s estate or by a person who acquires the right to exercise the Stock Appreciation Right by bequest or inheritance, but only to the
extent that the Stock Appreciation Right is vested and exercisable on the date of death; provided, however, that the time specified in the Award Agreement shall not be less than six (6) months. In the absence of a specified time in the Award
Agreement, the Stock Appreciation Right shall remain exercisable for six (6) months following the Awardee’s death. If, at the time of death, the Awardee is not vested as to his or her entire Stock Appreciation Right, the Shares covered by
the unvested portion of the Stock Appreciation Right shall immediately revert to the Plan. The Stock Appreciation Right may be exercised by the executor or administrator of the Awardee’s estate or, if none, by the person(s) entitled to exercise
the Stock Appreciation Right under the Awardee’s will or the laws of descent or distribution. If the Stock Appreciation Right is not so exercised within the time specified herein, the Stock Appreciation Right shall terminate, and the Shares
covered by such Stock Appreciation Right shall revert to the Plan. 

  

	 	(l)	 For Any Other Reason. If an Awardee ceases to be a Service Provider, other than for Cause or upon the Awardee’s death or Disability, the
Awardee may exercise his or her Stock Appreciation Right within such period of time as is specified in the Award Agreement to the extent that the Stock Appreciation Right is vested and exercisable on the date of termination (but in no event later
than the expiration of the term of such Stock Appreciation Right as set forth in the Award Agreement); provided, however, that the time specified in the Award Agreement shall not be less than thirty (30) days. In the absence of a specified time
in the Award Agreement, the Stock Appreciation Right shall remain exercisable for three months following the Awardee’s termination. If, on the date of termination, the Awardee is not vested as to his or her entire Stock Appreciation Right,

  
 17 

	 	
the Shares covered by the unvested portion of the Stock Appreciation Right shall revert to the Plan. If, after termination, the Awardee does not exercise his or her Stock Appreciation Right
within the time specified by the Committee, the Stock Appreciation Right shall terminate, and the Shares covered by such Stock Appreciation Right shall revert to the Plan. 

 

	7.3	Stock Appreciation Rights Granted In Connection With Options. The following provisions apply to all Stock Appreciation Rights that are granted in connection with Options: 

 

	 	(a)	A Stock Appreciation Right granted in connection with an Option must be granted on the same Date of Grant as the Option to which it relates. 

 

	 	(b)	A Stock Appreciation Right granted in connection with an Option shall entitle the Awardee, upon exercise of all or any part of the Stock Appreciation Right, to surrender to the Company unexercised that portion of the
underlying Option relating to the same number of Shares as is covered by the Stock Appreciation Right (or the portion of the Stock Appreciation Right so exercised) and to receive in exchange from the Company an amount equal to the excess of
(x) the Fair Market Value on the date of exercise of the Shares covered by the surrendered portion of the underlying Option over (y) the exercise price of the Shares covered by the surrendered portion of the underlying Option.

  

	 	(c)	Upon the exercise of a Stock Appreciation Right and surrender of the related portion of the underlying Option, the Option, to the extent surrendered, shall not thereafter be exercisable. 

 

	 	(d)	Subject to any further conditions upon exercise imposed by the Committee, a Stock Appreciation Right shall be exercisable only to the extent that the related Option is exercisable and a Stock Appreciation Right shall
lapse or be forfeited no later than the date on which the related Option lapses or if forfeited. 

  

	 	(e)	A Stock Appreciation Right shall terminate and shall no longer be exercisable upon the exercise of the related Option. 

  

	 	(f)	The Stock Appreciation Right is only transferable when the related Options are otherwise transferable. 

  

	 	(g)	A Stock Appreciation Right may only be exercised at a time when the Fair Market Value of the Shares covered by the Stock Appreciation Right exceeds the exercise price of the Shares covered by the underlying Option.

  

	7.4	 Form of Payment. The manner in which the Company’s obligation arising upon the exercise of a Stock Appreciation Right shall be paid shall
be determined by the Committee and shall be set forth in the Award Agreement. The Award Agreement may provide for payment in (i) Shares, (ii) cash, or (iii) a fixed combination of Shares or cash, or the Committee may reserve the right
to determine the manner of payment at the time the Stock Appreciation Right is exercised. Shares of Common Stock issued upon the exercise of a Stock Appreciation Right shall be valued at their Fair Market Value on the date of exercise. Any Shares
issued upon exercise of a Stock Appreciation Right shall be issued in the name of the Awardee or, if requested by the Awardee, in the name of the Awardee and his or her spouse. Until Shares are issued (as evidenced by the appropriate entry on the
books of the Company or of a duly authorized transfer agent of the Company), in payment of a Stock Appreciation Right, no right to vote or receive dividends or any 

  
 18 

	 	
other rights as a stockholder shall exist with respect to the Stock Appreciation Right, notwithstanding the exercise of the Stock Appreciation Right. The Company shall issue (or cause to be
issued) Shares that are to be issued in payment of a Stock Appreciation Right promptly after the Stock Appreciation Right is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the
Shares are issued, except as provided in Article 13 of the Plan. 

  

	7.5	Procedure for Exercise; Rights As a Stockholder. A Stock Appreciation Right shall be deemed exercised when the Company receives a written or electronic notice of exercise (in accordance with the Award Agreement)
from the person entitled to exercise the Stock Appreciation Right. In addition, if the Stock Appreciation Right provides for the delivery of Shares in settlement of the Company’s obligation under the Stock Appreciation Right, prior to the
delivery of Shares, the Company must also receive from the person entitled to exercise the Stock Appreciation Right any written representations, covenants, and undertakings that the Company may prescribe in the Award Agreement. 

 

	7.6	Modifications Generally Prohibited. Once granted, no Modification shall be made in respect to any Stock Appreciation Right if such Modification would result in the Stock Appreciation Right constituting a deferral
of compensation or having an additional deferral feature within the meaning of applicable Treasury Regulations under Code Section 409A. 

ARTICLE 8 
 Restricted Stock

  

	8.1	Generally. Subject to the limitations of the Plan, the Committee may make grants of Restricted Stock to Service Providers. 

  

	8.2	Administration. Shares of Restricted Stock may be granted either alone or in addition to other Awards granted under the Plan. The Committee shall determine the Service Providers to whom, and the time(s) at which
grants of Restricted Stock will be made, the number of shares to be awarded to any Service Provider, the amount of the consideration (if any) that is to be paid, the time(s) within which, and the conditions under which such Restricted Stock may be
subject to forfeiture, and any other terms and conditions of the Awards, in addition to those contained in this Article 8. 

  

	8.3	Awards and Certificates. As a condition to the grant of Restricted Stock under the Plan, each Awardee shall execute and deliver to the Company (i) an agreement in form and substance satisfactory to the
Committee reflecting the conditions and restrictions imposed upon the Shares awarded, (ii) the consideration, if any, to be paid for the Shares, and (iii) any written representations, covenants, and undertakings that the Committee may
prescribe in the Restricted Stock Agreement. Certificates for Shares delivered pursuant to such Awards may, if the Committee so determines, bear a legend referring to the restrictions and the instruments to which such Shares of Restricted Stock are
subject. 

  

	8.4	Form of Consideration. The consideration for Restricted Stock (if any) shall consist entirely of cash. 

  

	8.5	 Notification under Code Section 83(b). If, in connection with a grant of Restricted Stock, the Awardee makes the election permitted under
Code Section 83(b) to include in such Awardee’s gross income in the year of transfer the amounts specified in Code Section 83(b), then such Awardee shall notify the Company of such election within ten (10) days of filing the
notice of the 

  
 19 

	 	
election with the Internal Revenue Service, in addition to any filing and notification required pursuant to regulations issued under Code Section 83(b). The Committee may, in connection with
the grant of Restricted Stock or at any time thereafter prior to such an election being made, prohibit an Awardee from making the election described above. 

  

	8.6	Buyout Provisions. The Committee may at any time offer to buy out for a payment in cash, Restricted Stock previously granted based on such terms and conditions as the Committee shall establish and communicate to
the Awardee at the time that such offer is made. 

  

	8.7	Terms and Conditions. Subject to the provisions of the Plan and the applicable Restricted Stock Agreement, during a period set by the Committee, commencing with the date of such Award (the “Restriction
Period”), the Awardee shall not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock. The Committee may provide for the lapse of such restrictions in installments or otherwise and may accelerate or
waive such restrictions, in whole or in part, in each case based on period of service, performance of the Awardee or of the Company for which the Awardee is employed or such other factors or criteria as the Committee may determine. Restricted Stock
for which forfeiture is conditioned solely on employment and the passage of time shall not fully vest less than three (3) years from the Date of Grant of the Restricted Stock. Restricted Stock for which forfeiture is conditioned on the
achievement of Performance Factors or other performance conditions shall not be fully vested less than one (1) year from the Date of Grant. Notwithstanding the foregoing, the Committee may, in its discretion and without limitation, provide in
the Restricted Stock Agreement that vesting of the Restricted Stock will be accelerated to any degree determined by the Committee as a result of the Disability, death, retirement or involuntary termination of the Awardee or the occurrence of a
Change in Control. 

  

	8.8	Rights as a Stockholder. Except as otherwise provided in this Plan and the applicable Restricted Stock Agreement, the Awardee shall have, with respect to the Shares of Restricted Stock, all of the rights of a
stockholder of the Company holding the class or series of stock that is the subject of the Restricted Stock, including, if applicable, the right to vote the Shares and the right to receive any cash dividends. Absent a provision regarding the
disposition of dividends in the applicable Restricted Stock Agreement, any dividend payable with respect to Restricted Stock shall be paid to the Service Provider no later than the end of the calendar year in which the same dividends on Shares are
paid to the stockholders of such Shares generally, or if later, the 15th day of the third month following the date on which the same dividends on Shares are paid to the Shares’ stockholders. 

 

	8.9	Termination for Cause. If a Service Provider is terminated for Cause, any Restricted Stock previously granted to the Service Provider that remains unvested as of the date of termination shall be forfeited
effective immediately upon such termination. 

  

	8.10	Termination Other Than for Cause. Except as otherwise provided in the applicable Restricted Stock Agreement or as determined by the Committee, if a Service Provider ceases to be a Service Provider other than for
Cause, any Restricted Stock previously granted to the Service Provider that remains unvested as of the date of cessation shall be forfeited immediately upon such cessation. 

  
 20 

 ARTICLE 9  

Restricted Stock Units 
  

	9.1	Generally. Subject to the limitations of the Plan, the Committee may make grants of Restricted Stock Units to Service Providers. A Restricted Stock Unit is the grant of a right to receive a Share of Common Stock
or the Fair Market Value in cash of a Share of Common Stock, in the future, at such time and contingent upon such terms as the Committee shall establish. 

  

	9.2	Administration. Restricted Stock Units may be granted either alone or in addition to other Awards granted under the Plan. The Committee shall determine the Service Providers to whom, and the time(s) at which
grants of Restricted Stock Units will be made, the number of Restricted Stock Units to be awarded to any Service Provider, the time(s) within which, and the conditions under which such Restricted Stock Unit may be subject to forfeiture, and any
other terms and conditions of the Awards, in addition to those contained in this Article 9. 

  

	9.3	Terms and Conditions. The Committee shall establish as to each grant of Restricted Stock Units the terms and conditions upon which such Restricted Units shall become vested. The Committee may base the vesting of
Restricted Stock Units upon (i) the continued employment or service of the Awardee, (ii) the achievement of performance objectives, or (iii) a combination thereof. The Committee may provide for the vesting of Restricted Stock Units in
installments or otherwise and may accelerate or waive such restrictions, in whole or in part, in each case based on period of service, performance of the Awardee or of the Company for which the Awardee is employed or such other factors or criteria
as the Committee may determine. Restricted Stock Units with vesting conditioned solely on employment and the passage of time shall not vest less than three (3) years from the Date of Grant of the Restricted Stock Units. Restricted Stock Units
with vesting conditioned on the achievement of Performance Factors or other performance conditions shall not vest less than one (1) year from the Date of Grant. Notwithstanding the foregoing, the Committee may, in its discretion and without
limitation, provide in the Restricted Stock Unit Agreement that vesting of the Restricted Stock Units will accelerate to any degree determined by the Committee as a result of the Disability, death, retirement or involuntary termination of the
Awardee or the occurrence of a Change in Control. 

  

	9.4	Dividend Equivalents. If (and only if) expressly authorized in the applicable Award Agreement, in the event that the Company pays any cash or other dividend or makes any other distribution in respect of the
Common Stock, a Service Provider will be credited with an additional number of Restricted Stock Units (including fractions thereof) determined by dividing (i) the amount of cash, or the value (as determined by the Committee) of any securities
or other property, paid or distributed in respect of a Share by (ii) the Fair Market Value of a Share for the date of such payment or distribution, and multiplying the result of such division by (iii) the number of Restricted Stock Units
that were credited to a Service Provider immediately prior to the date of the dividend or other distribution. Credits shall be made effective as of the date of the dividend or other distribution in respect of the Common Stock to the bookkeeping
account to which the Service Provider’s Restricted Stock Units are credited. Dividends credited to a Service Provider shall be subject to the same restrictions and shall be distributed at the same time and in the same manner as the Restricted
Stock Units to which they relate. 

  

	9.5	Non-Transferability. Restricted Stock Units may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner. 

 

	9.6	No Rights as a Stockholder. A Service Provider who is to receive settlement of his or her vested Restricted Stock Units by the delivery of Shares shall have no rights as a stockholder of the Company until the
Shares are actually issued to the Service Provider pursuant to the terms of the applicable Award Agreement. The Shares may be issued without consideration. 

  
 21 

	9.7	Termination for Cause. If a Service Provider is terminated for Cause, any Restricted Stock Units previously granted to the Service Provider that have not been settled by the delivery of cash or Shares shall be
forfeited effective immediately upon such termination. 

  

	9.8	Termination Other Than for Cause. Except as otherwise provided in the applicable Award Agreement or as determined by the Committee, if a Service Provider ceases to be a Service Provider other than for Cause, any
Restricted Stock Units previously granted to the Service Provider that remain unvested as of the date of cessation shall be forfeited immediately upon such cessation. 

 

	9.9	Form of Payment. The manner in which the Company shall settle its obligation (if any) arising out of a grant of Restricted Stock Units shall be determined by the Committee and shall be set forth in the Award
Agreement. The Award Agreement may provide for payment in (i) Shares, (ii) cash, or (iii) a fixed combination of Shares or cash, or the Committee may reserve the right to determine the manner of payment at the time that the Restricted
Stock Units are settled. 

  

	 	(a)	Shares of Common Stock issued in settlement of Restricted Stock Units shall be valued at (i) their Fair Market Value on the date of payment for purposes of determining the amount of compensation paid to the
Awardee, and (ii) as provided in the Award Agreement for any other purpose. 

  

	 	(b)	In addition, if the Award Agreement for a grant of Restricted Stock Units provides for the delivery of Shares in settlement of the Company’s obligation under the Award, prior to the delivery of any Shares, the
Company must also receive from the Awardee any written representations, covenants, and undertakings that the Company may prescribe in the Award Agreement. 

  

	 	(c)	Any Shares issued upon settlement of Restricted Stock Units shall be issued in the name of the Awardee or, if requested by the Awardee, in the name of the Awardee and his or her spouse. Until Shares are actually issued
(as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), in settlement of Restricted Stock Units, no right to vote or receive dividends or any other rights as a stockholder shall
exist with respect to the Award. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Article 13 of the Plan. 

ARTICLE 10 
 Performance
Awards 
  

	10.1	Generally. Subject to the limitations of the Plan, the Committee may make grants of Performance Awards to Service Providers who are Employees. A Performance Award shall consist of the right to receive a payment
that is contingent upon the attainment of one or more performance objectives during a Performance Period. Performance Awards may be denominated in cash (e.g., units valued at $100 at target level of performance) or Shares. Each grant of
Performance Awards shall be evidenced by an Award Agreement, which shall set forth the terms and conditions of the Performance Award. 

  
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	10.2	Establishment of Performance Criteria. On or prior to the Date of Grant of a Performance Award, the Committee shall establish for such Performance Award: 

 

	 	(a)	The Performance Period; 

  

	 	(b)	One or more performance objectives; 

  

	 	(c)	The formula for determining the amount or amounts that shall be earned under the Performance Award, if any, based upon the degree of attainment of the applicable performance objectives; 

 

	 	(d)	The conditions under which an Awardee shall forfeit the Performance Award; and 

  

	 	(e)	Such other terms and conditions that the Committee shall establish. 

  

	10.3	Performance Objectives. Performance objectives may include a threshold level of performance below which no payout or vesting will occur, target levels of performance at which a full payout of full vesting will
occur, and/or a maximum level of performance at which a specified additional payout or vesting will occur. Unless otherwise provided in the Award Agreement, the Committee shall have the right to reduce or increase the amount payable to an Awardee
with respect to an Award from the amount that would be payable by application of the Award’s formula. 

  

	10.4	Determination of Award Amount. At the expiration of the Performance Period, the Committee shall determine (i) the extent to which the predetermined performance objectives have been achieved during the
Performance Period, (ii) the resulting value of the Performance Awards, and (iii) the payment, if any, owed to the Awardee. 

  

	10.5	Non-Transferability. Performance Awards may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner. 

 

	10.6	Form of Payment. The manner in which the Company shall settle its obligation (if any) arising out of the grant of a Performance Award shall be determined by the Committee and shall be set forth in the Award
Agreement. The Award Agreement may provide for payment in (i) Shares, (ii) cash, or (iii) a fixed combination of Shares or cash, or the Committee may reserve the right to determine the manner of payment at the time the Performance
Award is settled. 

  

	 	(a)	Shares of Common Stock issued in settlement of a Performance Award shall be valued at (i) their Fair Market Value on the date of payment for purposes of determining the amount of compensation paid to the Awardee,
and (ii) as provided in the Award Agreement for any other purpose (e.g., for purpose of converting a Performance Award denominated in cash into Shares for purposes of payment). 

 

	 	(b)	In addition, if the Award Agreement for a Performance Award provides for the delivery of Shares in settlement of the Company’s obligation under the Award, prior to the delivery of any Shares, the Company must also
receive from the Awardee any written representations, covenants, and undertakings that the Company may prescribe in the Award Agreement. 

  

	 	(c)	 Any Shares issued upon settlement of Performance Awards shall be issued in the name of the Awardee or, if requested by the Awardee, in the name of the
Awardee and his or her spouse. Until Shares are actually issued (as evidenced by the appropriate entry on the 

  
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books of the Company or of a duly authorized transfer agent of the Company), in settlement of a Performance Award grant, no right to vote or receive dividends or any other rights as a stockholder
shall exist with respect to the Award. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Article 13 of the Plan. 

ARTICLE 11  
 Bonus Shares

  

	11.1	Generally. Subject to the limitations of the Plan, the Committee may grant Bonus Shares to any Service Provider, in such amount and upon such terms, at any time and from time to time as the Committee in its sole
discretion shall determine. 

  

	11.2	Awards and Certificates. Prior to the delivery of any Shares to the Awardee in payment of a grant of Bonus Shares, the Company must receive from the Awardee any written representations, covenants, and
undertakings that the Company may prescribe in the Award Agreement. Any Shares issued with respect to a grant of Bonus Shares shall be issued in the name of the Awardee or, if requested by the Awardee, in the name of the Awardee and his or her
spouse. Until Shares are actually issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall
exist with respect to the Award. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Article 13 of the Plan. 

 

	11.3	Non-Transferability. Until actually delivered to the Awardee, Bonus Shares may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner. 

ARTICLE 12  
 Designation of
Awards as Performance-Based Compensation 
 The Committee may designate an Award of Restricted Stock, Restricted Stock Units, or Performance Awards as
intended to qualify as “performance based compensation” within the meaning of Code Section 162(m). 
  

	12.1	Any Award of Restricted Stock, Restricted Stock Units, or any Performance Award that is intended to qualify as performance-based compensation shall be, to the extent required by Code Section 162(m), either
(i) conditioned upon the attainment of one or more Performance Factors, or (ii) granted based upon the achievement of one or more Performance Factors. 

  

	12.2	Any Award of Restricted Stock, Restricted Stock Units, or any Performance Award that is intended to qualify as performance-based compensation shall also be subject to the following: 

 

	 	(a)	No later than ninety (90) days following the commencement of each Performance Period (or such other time as may be required or permitted by Code Section 162(m)), the Committee shall, in writing, (1) grant
a target number of Shares or units, (2) select the performance goal or goals applicable to the Performance Period, and (3) specify the relationship between performance goals and the number of Shares or units that may be earned by an
Awardee for such Performance Period. 

  
 24 

	 	(b)	Following the completion of each Performance Period, the Committee shall certify in writing whether the applicable performance objectives have been achieved and the number of units or Shares, if any, earned by an
Awardee for such Performance Period. 

  

	 	(c)	In determining the number of units or Shares earned by an Awardee for a given Performance Period, subject to any applicable Award Agreement, the Committee shall have the right to reduce (but not increase) the amount
earned at a given level of performance to take into account additional factors that the Committee may deem relevant to the assessment of individual or corporate performance for the Performance Period. 

ARTICLE 13 
 Adjustments
Upon Changes in Capitalization, Dissolution, Merger or Asset Sale 
  

	13.1	Changes in Capitalization. Subject to any required action by the stockholders of the Company, the number of Shares covered by each outstanding Award, and the number of Shares which have been authorized for
issuance under the Plan but as to which no Awards have yet been granted or which have been returned to the Plan as well as the price per Share covered by each outstanding Option and the base amount per Share of each Stock Appreciation Right, shall
be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Share, or any other increase or decrease in the number
of issued Shares effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration”;
provided, however, that with respect to Incentive Stock Options, no such adjustment shall be authorized to the extent that such adjustment would cause the Plan to violate Code Section 422(b)(1); provided further, that with respect to Options
and Stock Appreciation Rights, no such adjustment shall be authorized to the extent such adjustment would cause the Options and Stock Appreciation Rights to become “deferred compensation” subject to Code Section 409A. Such adjustment
shall be made by the Committee, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Award. 

ARTICLE 14 
 Cancellation
and Rescission of Awards 
  

	14.1	Cancellation of Awards. Unless the Award Agreement specifies otherwise, the Committee may cancel, rescind, suspend, withhold, or otherwise limit or restrict any unexercised (in the case of Options or Stock
Appreciation Rights), unvested, or unpaid Award at any time if the Awardee is not in compliance with all applicable provisions of the Award Agreement and the Plan, or if the Awardee has engaged in any Adverse Conduct. 

 

	14.2	Certification of Compliance May Be Required. Upon exercise, payment or delivery pursuant to an Award, the Committee may require the Awardee to certify, in a manner acceptable to the Company, that the Awardee is
in compliance with the terms and conditions of the Plan. 

  

	14.3	 Rescission of Awards. Unless the Award Agreement specifies otherwise, for a period of two (2) years following the exercise, payment or
delivery of an Award (the “Rescission Period”), the Committee may rescind any such exercise, payment, or delivery of the Award upon its 

  
 25 

	 	
determination that the Awardee has engaged in Adverse Conduct prior to the delivery of the Award or during the Rescission Period. In the event of any such rescission, the Awardee shall pay to the
Company the amount of any gain realized or payment received as a result of the rescinded exercise, payment or delivery, in such manner and on such terms and conditions as may be required. 

ARTICLE 15 
 Change in
Control Provisions 
  

	15.1	In the event of a merger or Change in Control, each outstanding Award will be treated as the Committee determines, including, without limitation, that each Award be assumed or an equivalent option or right substituted
by the successor corporation or a Parent or Subsidiary of the successor corporation. The Committee will not be required to treat all Awards similarly in the transaction. 

 

	15.2	In the event that the successor corporation does not assume or substitute for the Award, the Awardee will fully vest in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights,
including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance-based vesting, all performance goals or
other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or substituted in the event of a Change
in Control, the Committee will notify the Awardee in writing or electronically that the Option or Stock Appreciation Right will be fully vested and exercisable for a period of time determined by the Committee in its sole discretion, and the Option
or Stock Appreciation Right will terminate upon the expiration of such period. 

  

	15.3	For the purposes of this Article 15, an Award will be considered assumed if, following the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to
the Change in Control, the consideration (whether stock, cash, or other securities or property) received in the Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a
choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the Change in Control is not solely common stock of the successor
corporation or its Parent, the Committee may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, or
Performance Award, for each Share subject to such Award (or in the case of an Award settled in cash, the number of implied shares determined by dividing the value of the Award by the per share consideration received by holders of Common Stock in the
Change in Control), to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Control. 

 

	15.4	Notwithstanding anything in this Article 15 to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its
successor modifies any of such performance goals without the Awardee’s consent; provided, however, a modification to such performance goals only to reflect the successor corporation’s post-Change in Control corporate structure will not be
deemed to invalidate an otherwise valid Award assumption. 

  
 26 

 ARTICLE 16  

Amendment and Termination of the Plan 
  

	16.1	Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 

  

	16.2	Stockholder Approval. The Company shall obtain stockholder approval of any Plan amendment to the extent necessary and desirable to comply with Applicable Laws. 

 

	16.3	Effect of Amendment or Termination. No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Awardee, unless mutually agreed otherwise between the Awardee and the Committee,
which agreement must be in writing and signed by the Awardee and the Company. Termination of the Plan shall not affect the Committee’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to
the date of such termination. 

 ARTICLE 17  

Conditions Upon Issuance of Shares 
  

	17.1	Legal Compliance. Shares shall not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares shall comply with Applicable Laws and shall be
further subject to the approval of counsel for the Company with respect to such compliance. Under no circumstances shall the Company be obligated to effect or maintain any registration under the Securities Act or other similar Applicable Laws.

  

	17.2	Investment Representations. As a condition to the exercise of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being
purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required. 

 

	17.3	Restrictions on Share Transferability. 

  

	 	(a)	Generally. The Committee may include in the Award Agreement such restrictions on any Shares acquired pursuant to the exercise or vesting of an Award as it may deem advisable, including restrictions under
applicable federal securities laws. 

  

	 	(b)	Market Standoff. In the event of an underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Securities Act, including the
Company’s Initial Public Offering, no person may sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose of or transfer for value or otherwise agree to engage in any of the foregoing
transactions with respect to any Shares issued pursuant to an Award granted under the Plan without the prior written consent of the Company or its underwriters. Such limitations shall be in effect for such period of time as may be requested by the
Company or such underwriters; provided, however, that in no event shall such period exceed two hundred fourteen (214) days following the effective date of the registration statement. The limitations of this Section 17.3 (b) shall in
all events terminate two years after the effective date of the Company’s Initial Public Offering. 

  
 27 

	 	(1)	In the event of any stock split, stock dividend, recapitalization, combination of Shares, exchange of Shares or other change affecting the Company’s outstanding Common Stock effected as a class without the
Company’s receipt of consideration, any new, substituted or additional securities distributed with respect to the purchased Shares shall be immediately subject to the provisions of this Section 17.3(b), to the same extent the purchased
Shares are at such time covered by such provisions. 

  

	 	(2)	In order to enforce the limitations of this Section 17.3(b), the Company may impose stop-transfer instructions with respect to the purchased shares until the end of the applicable stand off period.

 ARTICLE 18  

Additional Provisions 
  

	18.1	Term of Plan. Subject to Section 18.6 of the Plan, the Plan became effective upon its original adoption by the Board. It shall continue in effect for a term of ten (10) years from such original adoption
by the Board unless terminated earlier under Article 16 of the Plan. 

  

	18.2	Unfunded Status of Plan. It is intended that the Plan shall constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other
arrangements to meet the obligations created under the Plan to deliver stock or make payments; provided, however, that the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.

  

	18.3	No Right to Continue As A Service Provider. Neither the Plan nor any Award shall confer upon an Awardee any right with respect to continuing the Awardee’s relationship as a Service Provider with the Company,
nor shall they interfere in any way with the Awardee’s right or the Company’s right to terminate such relationship at any time, with or without Cause. 

  

	18.4	Inability to Obtain Authority. The inability or failure of the Company to obtain authority from any regulatory body having jurisdiction (including, without limitation, effectiveness of a registration statement
under the Securities Act), which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such
Shares as to which such requisite authority shall not have been obtained. 

  

	18.5	Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan.

  

	18.6	Stockholder Approval. The Plan shall be subject to approval by the stockholders of the Company within twelve (12) months after the date the Plan is adopted. Such stockholder approval shall be obtained in the
manner and to the degree required under Applicable Laws. If such stockholder approval is not obtained, all Awards granted under the Plan shall be cancelled. 

  

	18.7	No Right to Participation. No Employee, Director or Consultant shall have the right to be selected to receive an Award, or, having been so selected, to be selected to receive a future Award. 

 

	18.8	Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a
direct or indirect purchase, merger, consolidation, or otherwise of all or substantially all of the business or assets of the Company. 

  
 28 

	18.9	Severability. If any part of the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any other part of the Plan. Any Section or
part of a Section so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

  

	18.10	Designation of Beneficiary. The Committee may establish procedures allowing an Awardee to designate a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or after
the Awardee’s death. 

  

	18.11	Governing Law. The Plan shall be construed in accordance with and governed by the laws of the State of Illinois. 

  

	18.12	Code Section 409A. To the extent that any Award shall constitute “deferred compensation” subject to Code Section 409A, such Award shall be administered in accordance with the requirements of
Code section 409A(a)(2)(A)(i), which prohibits the distribution of compensation subject to Code section 409A to a “specified employee” of a publicly traded company any earlier than six months after the date of separation of service in the
case of a distribution by reason of a separation of service. 

 [END OF PLAN] 

  
 29

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